Greenpanel Industries Ltd · NSE:GREENPANEL
Greenpanel Industries — Q2 FY2024 Earnings Presentation
18 slides from Greenpanel Industries's earnings presentation, Nov 1, 2023
Slide 1: Cover letter to stock exchanges on results presentation
GPIL/2023-2024 November 01, 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Dalal Street Plot no. C/1, G Block Mumbai – 400001 Bandra – Kurla Complex , Bandra (E), Mumbai – 400051 Scrip Code: 542857 Symbol: GREENPANEL Dear Sirs/Madam, Su
Slide 2: Greenpanel Industries Limited – Financial Performance Q2 & H1 FY2024
Greenpanel Industries Limited India’s largest manufacturer of wood panels Financial Performance Q2 & H1 FY2024
Slide 3: Disclaimer
v Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve number of risks, uncertainties and other factors that could cause actual results to differ materially from those s
Slide 4: Index
Index Contents Page Greenpanel’s snapshot 4 Overview by MD & CEO 5 Our Financial Performance 7 3
Slide 5: Greenpanel's snapshot
Greenpanel’s snapshot v Brand vision: We envision About us: Greenpanel is a Management: Greenpanel is led to maintain our Leadership prominent wood panel by Mr. Shiv Prakash Mittal, Position in the Panel player in India with a Executive Chairman, and Mr. Industry and supply best national leadership
Slide 6: Overview by MD & CEO
Overview by MD & CEO v “MDF Export Volumes rose by 24% while domestic volumes fell by 9%, overall MDF volumes fell by 2%. MDF EBITDA Margins at 21.2% were impacted by: a) steep increase in raw material cost b) higher import volumes, c) Increase in domestic competition We maintained working capital d
Slide 7: Overview by MD & CEO
Overview by MD & CEO v “MDF export sales volumes rose by 24% “Working capital investment increased by 2 YoY, domestic volumes were lower by 9% days YoY to 26 days as on 30th September and overall MDF volumes were down by 2%. 2023.” MDF EBITDA at 21.2% were impacted by a) Steep increase in raw materi
Slide 8: Financial Highlights Q2 FY2024 v/s Q2 FY2023
Financial Highlights v Q2 FY2024 v/s Q2 FY2023 Key Ratios (%) Q2 FY2024 Q2 FY2023 Gross Margin 55.5 58.6 EBITDA Margin 19.1 27.3 EBIT Margin 14.4 23.3 Net Margin 10.3 15.9 Sales Promotion / Net Sales 0.8 0.9 Employee Expenses / Net Sales 8.9 7.9 Logistics Costs / Net Sales 5.0 4.5 EPS (₹) 3.34 5.91
Slide 9: Segment Performance - MDF (Quarter)
Segment Performance - MDF (Quarter) Particulars Q2 FY2024 Q2 FY2023 Growth Net Sales (₹ Crores) 354.51 395.09 -10.3% EBITDA Margin 21.2% 30.4% EBIT Margin 16.3% 26.0% Annual Capacity (CBM) 6,60,000 6,60,000 Production (CBM) 1,18,760 1,22,627 -3.2% Sales Volume (CBM) 1,23,615 1,26,232 -2.1% Capacity
Slide 10: Segment Performance - MDF (6M)
Segment Performance - MDF (6M) Particulars 6M FY2024 6M FY2023 Growth Net Sales (₹ Crores) 694.68 787.00 -11.7% EBITDA Margin 20.8% 31.8% EBIT Margin 15.8% 27.5% Annual Capacity (CBM) 6,60,000 6,60,000 Production (CBM) 2,40,153 2,55,851 -6.1% Sales Volume (CBM) 2,39,413 2,51,260 -4.7% Capacity Utili
Slide 11: Segment Performance - Plywood (Quarter)
Segment Performance - Plywood (Quarter) Particulars Q2 FY2024 Q2 FY2023 Growth Net Sales (₹ Crores) 43.19 61.03 -29.2% EBITDA Margin 1.6% 7.3% EBIT Margin -0.6% 5.6% Annual Capacity (Mn Sqm) 10.50 10.50 Production (Mn Sqm) 1.32 1.79 -26.3% Sales Volume (Mn Sqm) 1.64 2.04 -19.6% Capacity Utilisation
Slide 12: Segment Performance - Plywood (6M)
Segment Performance - Plywood (6M) Particulars 6M FY2024 6M FY2023 Growth Net Sales (₹ Crores) 88.17 131.88 -33.1% EBITDA Margin 3.8% 9.5% EBIT Margin 1.7% 8.0% Annual Capacity (Mn Sqm) 10.50 10.50 Production (Mn Sqm) 2.85 4.14 -31.2% Sales Volume (Mn Sqm) 3.22 4.56 -29.4% Capacity Utilisation 54% 7
Slide 13: Working Capital Hygiene
Working Capital Hygiene Particulars (in days) Q2 FY2024 Q2 FY2023 Inventory 43 39 Receivables 6 9 Payables 23 24 Net Working Capital 26 24 12
Slide 14: Greenpanel - Net Debt Zero – Q2 FY2024
Greenpanel - Net Debt Zero – Q2 FY2024 Particulars (₹ Crores) Q2FY24 Q1FY24 Q4FY23 Q3FY23 Q2FY23 Gross Borrowings 131.16 160.37 190.43 194.83 201.65 Bank Balances 309.99 325.31 377.73 339.50 260.38 Net Borrowings (178.83) (164.94) (187.30) (144.67) (58.73) 13
Slide 15: Greenpanel is a Three Star Export House
v Greenpanel is a Three Star Export House 14
Slide 16: Greenpanel wins the Harit Bharat Award for Awareness in the Manufacturing Category
Greenpanel wins the Harit Bharat Award for v Awareness in the Manufacturing Category This recognition reaffirms our commitment to sustainability through clonal plantation and our persistent pursuit of ecologically responsible future. 15
Slide 17: Our widened distribution network
Our widened distribution network 2,300+ Number of dealers as on 31st March 2023 12,000+ Number of retailers as on 31st March 2023 17 Branches pan-India Name of physical branches West & Central: Mumbai, Pune, Indore, Ahmedabad South: Bangalore, Hyderabad, Kochi, Coimbatore, Chennai, Vijayawada North:
Slide 18: Thank you
Mr. Vishwanathan Venkatramani Chief Financial Officer Greenpanel Industries Limited Corporate Office: Thapar House, 2nd Floor, 163, S.P. Mukherjee Road, Kolkata - 700 026 Contact: (+91) 97484 00606 / (+91) 033 4084 0600 Thank you Email: v.venkat@greenpanel.com Website: www.greenpanel.com Mr. Gavin D
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