Greenply Industries Ltd · NSE:GREENPLY
Greenply Industries — Q4 FY2021 Earnings Presentation
33 slides from Greenply Industries's earnings presentation, Jun 14, 2021
Slide 1: Cover letter to stock exchanges
Greenply/2021-22 June 14, 2021 The Manager The Manager BSELimited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Floor 25, P. J. Towers, Dalal Street Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 526797 Symbol- GREENPLY Dear
Slide 2: Q4 & FY2021 Financial Results Presentation
Q4 & FY2021 Financial Results Presentation
Slide 3: Disclaimer
Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those s
Slide 4: Contents
Contents Business Overview Financial Highlights: Consolidated & Standalone Financial Results Chairman & MD’s comments Shareholding Pattern Company Overview Growth Outlook Manufacturing Facilities Our Brands Marketing /Activation Brand Activation - Digital 3
Slide 5: Business Overview
Business Overview ➢ Company is successfully steering forward in the transformational journey ➢ Although for a shorter period, 2nd wave had some impact in the business environment ➢ Innovative product line, focus on sustainability and operational efficiencies will support in maintaining market leader
Slide 6: Financial Highlights – Q4 FY 2021
Financial Highlights – Q4 FY 2021 Consolidated Gross margins up by 94 bps YoY to 39.8% Consolidated Net Sales grown by Standalone Gross margins up by 204 Consolidated EBITDA margins up by 15.1% YoY to Rs. 395.6 crore bps YoY to 39.1% 342 bps YoY to 12.5% Standalone Net Sales grown by 20.9% Standalon
Slide 7: Financial Highlights – FY 2021
Financial Highlights – FY 2021 Consolidated Gross margins up by 12 bps YoY to 41.1% Consolidated Net Sales down by Standalone Gross margins up by 111 Consolidated EBITDA margins down 18.0% YoY to Rs. 1,161.6 crore bps YoY to 40.1% by 51 bps YoY to 10.6% Standalone Net Sales down by 19.9% Standalone
Slide 8: Consolidated Financial Highlights – Q4 FY 2021
Consolidated Financial Highlights – Q4 FY 2021 Figures in Rs crore Q4 Q4 Q3 Q4 Q4 Q3 Key Ratios (%) FY21 FY20 FY21 FY21 FY20 FY21 Net Sales 395.6 343.8 15.1% 339.2 16.6% Gross Margin 39.8 38.9 41.9 EBITDA Margin 12.5 9.1 12.8 Gross Profit 157.5 133.6 17.9% 142.0 10.9% EBIT Margin 10.9 7.1 11.0 Net M
Slide 9: Consolidated Financial Highlights – FY 2021
Consolidated Financial Highlights – FY 2021 Figures in Rs crore FY21 FY20 Key Ratios (%) FY21 FY20 Gross Margin 41.1 41.0 Net Sales 1,161.6 1,415.8 -18.0% EBITDA Margin 10.6 11.1 Gross Profit 477.5 580.3 -17.7% EBIT Margin 8.6 9.3 Net Margin 5.2 3.3 EBITDA 123.5 157.7 -21.7% Ad and promotions / Net
Slide 10: Standalone Financial Highlights – Q4 FY 2021
Standalone Financial Highlights – Q4 FY 2021 Figures in Rs crore Q4 Q4 Q3 Q4 Q4 Q3 FY20 Key Ratios (%) FY21 FY21 FY21 FY20 FY21 Net Sales 358.3 296.3 20.9% 308.9 16.0% Gross Margin 39.1 37.1 41.1 EBITDA Margin 13.0 8.8 12.8 Gross Profit 140.2 110.0 27.5% 126.9 10.5% EBIT Margin 11.7 7.0 11.4 Net Mar
Slide 11: Standalone Financial Highlights – FY 2021
Standalone Financial Highlights – FY 2021 Figures in Rs crore FY21 FY20 Key Ratios (%) FY21 FY20 Gross Margin 40.1 38.9 Net Sales 1,011.7 1,263.1 -19.9% EBITDA Margin 10.5 10.6 Gross Profit 405.3 492.0 -17.6% EBIT Margin 8.8 8.9 Net Margin 5.7 2.6 EBITDA 106.0 133.9 -20.9% Ad and promotions / Net Sa
Slide 12: Financial Highlights – Balance Sheet Perspective
Financial Highlights – March’21 March’20 March’19 Balance Sheet Perspective Capital Employed Figures in Rs crore 628.4 645.3 585.2 500.1 474.9 469.3 Net worth Total Debt 436.7 267.4 250.0 410.7 377.9 357.0 Consolidated Standalone 335.2 331.3 191.7 143.1 143.6 58.5 Cash & Cash equivalents & Bank bala
Slide 13: Financial Highlights – Balance Sheet Perspective
Financial Highlights – March’21 March’20 March’19 Balance Sheet Perspective Inventories Figures in Rs crore 179.2 177.1 169.4 143.8 141.6 131.4 Receivables Payables 356.5 305.1 307.9 231.7 232.0 241.5 283.4 204.3 218.4 200.4 Consolidated Standalone 193.9 163.3 Fixed Assets 314.7 319.5 269.2 Consolid
Slide 14: Financial Highlights - Ratios
Financial Highlights - March’21 March’20 March’19 Ratios Inventories (Days) 56 46 47 44 42 41 Debtors (Days) Creditors (Days) 92 89 72 79 81 Consolidated Standalone 69 61 59 64 63 60 60 Working Capital Turnover (Days) 78 68 Consolidated Standalone Consolidated Standalone 63 53 53 34 Better working c
Slide 15: Financial Highlights – Ratios
Financial Highlights – March’21 March’20 March’19 Ratios RoCE Post-tax (%) 16.8 16.0 14.7 12.3 10.5 9.9 ROE (%) RoCE Pre-tax (%) 23.8 22.7 22.2 18.5 19.1 15.6 13.9 14.1 12.6 Consolidated Standalone 12.5 12.6 9.1 Debt/Equity 0.75 0.71 Consolidated Standalone Consolidated Standalone 0.44 0.40 0.43 0.1
Slide 16: Consolidated Performance - Q4 FY 2021 v/s Q4 FY 2020
Consolidated Performance - Q4 FY 2021 v/s Q4 FY 2020 Greenply Subsidiaries Consolidated Figures in Rs crore Q4 FY21 Sales Gross Profit EBITDA 395.6 157.5 46.5 49.4 358.3 140.2 37.3 17.3 2.9 Q4 FY20 Sales Gross Profit 133.6 EBITDA 343.8 296.3 110.0 31.2 26.0 47.5 23.6 5.2 15
Slide 17: Consolidated Performance - FY 2021 v/s FY 2020
Consolidated Performance - FY 2021 v/s FY 2020 Greenply Subsidiaries Consolidated Figures in Rs crore FY21 Sales Gross Profit EBITDA 1,161.6 477.5 123.5 1,011.7 405.3 106.0 149.9 72.2 17.5 FY20 Sales 1,415.8 Gross Profit EBITDA 1,263.1 157.7 580.3 492.0 133.9 152.7 88.3 23.8 16
Slide 18: Greenply Standalone Performance
Greenply Standalone Performance Particulars Q4 FY21 Q4 FY20 Var(%) FY21 FY20 Var(%) Net sales (Rs. crore) 358.3 296.3 20.9 1,011.7 1,263.1 -19.9 EBITDA margin (%) 13.0 8.8 10.5 10.6 EBIT margin (%) 11.7 7.0 8.8 8.9 Annual capacity (million sqm.) 24.90 24.90 24.90 24.90 Production (million sqm.) 9.00
Slide 19: Consolidated Financial Results – P&L Q4 & FY 2021
Consolidated Financial Results – P&L Q4 & FY 2021 (₹ in Lakhs) Statement of Consolidated Financial Results for the Three Months and Year ended 31 March 2021 Q4FY21 Q3FY21 Q4FY20 FY21 FY20 Particulars (Audited) (Unaudited) (Audited) (Audited) (Audited) Income a) Revenue from operations 39,670.05 34,0
Slide 20: Standalone Financial Results – P&L Q4 & FY 2021
Standalone Financial Results – P&L Q4 & FY 2021 (₹ in Lakhs) Statement of Standalone Financial Results for the Three Months and Year ended 31 March 2021 Q4FY21 Q3FY21 Q4FY20 FY21 FY20 Particulars (Audited) (Unaudited) (Audited) (Audited) (Audited) Income a) Revenue from operations 35,935.55 31,006.1
Slide 21: Chairman & MD's comments on Q4FY2021 performance
“Commenting on the performance for Q4FY2021, Mr. Rajesh Mittal, Chairman & Managing Director, Greenply Industries Ltd. said, “Our new product line viz. E-Zero is testament of our focus on providing healthy and environment-friendly products to our consumers. Our new captive consumption plant in Luckn
Slide 22: Shareholding Pattern
Shareholding Pattern March 2021 March 2020 47.80% 52.20% 47.99% 52.01% Public Promoter Public Promoter 21
Slide 23: Company Overview
➢ CAPACITY UTILIZATION ➢ STRONG INDUSTRY POTENTIAL ▪ Plywood 107% utilization in FY2021 ▪ Plywood industry size – Rs. 190 billion ▪ Plywood 142% utilization in FY2020 ▪ Strong demand drivers – rising residential/ commercial construction, increasing ➢ PRODUCTION MODEL urbanization, high disposable in
Slide 24: Growth Outlook
Growth Outlook PRODUCT ADVERTISING & IT DISTRIBUTION FINANCIAL INDUSTRY PROFILE PROMOTIONAL INITIATIVES NETWORK PERFORMANCE DRIVERS SPENDS ➢ To improve mix ➢ Continued ➢ Upgraded IT ➢ To increase the ➢ Margin expected ➢ Rising demand of plywood investments in infrastructure – number of to improve po
Slide 25: Manufacturing Facilities / Business Model
Manufacturing Facilities / Business Model Facilities Business Model Capacity Location 59% Premium products, 41% mid & low end products in volume terms in FY21 (mn sqm.) Plywood Tizit, Nagaland 4.50 69% Premium products, 31% mid & low end products in value terms in FY21 Kriparampur, West Bengal 6.00
Slide 26: Our Brands
GREEN To SS ae ECOTEC nisi a PLYWOOD & BLOCKBOARD Wood crrests 25
Slide 27: First in Indian Wood Panel Industry to receive FSC-FM Certification
First in Indian Wood Panel Industry to receive the FSC® - FM Certification Awarded with Prestigious FSC® - Certification in forest management, the first in the Indian wood & panel industry 26
Slide 28: #HomeforChristmas
#HomeforChristmas Promoted a few topical and engaging posts to spread the festive cheer and celebrate our #HomeForChristmas. Contest #SpottheShield Total Reach 2,34,858 Total Impressions 2,50,121 Total Engagements 40,488 Total Video Views 39,989 27
Slide 29: #Khud Bane Ho Toh Greenply Banta Hain
# Khud Bane Ho Toh Greenply Banta Hain New TVC campaign Directed by Shoojit Sircar, a series of two films that highlights the journey of every self-made individual, from humble beginnings, sobering failures to their path of greatness. The writer film garnered over 9.3M views and the carpenter film 1
Slide 30: #E-0 - Khul ke saans lo
# E-0 - Khul ke saans lo Launched a range of Zero Emission (E-0) plywood & blockboard Meeting the highest level of global Emission Standards of E-0, safeguards the indoor air quality The film starring Boman Irani brings out the importance of choosing a plywood that not only is safe from outside but
Slide 31: New Designs Launched – Wood Crrests Farbivo
New Designs Launched –Wood Crrests Farbivo Launched Farbivo - An exquisite range of Italian dyed veneers from Wood Crrests amongst the architect fraternity. Made from the finest timber, it promises to add a glamorous spin to the idea of premium living. The premium Italian dyed veneers is available i
Slide 32: About Greenply
About Greenply Greenply Industries Limited (GIL) enjoys leadership position in plywood around 26 percent of the organized plywood market in India. GIL has three state–of-the-art manufacturing facilities for Plywood spread across the country producing world class interior products for the domestic an
Slide 33: Thank You
Thank You
Greenply Industries — Q4 FY2021 Earnings Presentation on 6ix