Slide 1: Cover letter to exchanges: Result Presentation
Industries Limited Greenlam/2021-22 October 26, 2021 The Manager, The Manager, BSE Limited National Stock Exchange of India Ltd. Department of Corporate Services Exchange Plaza, Bandra Kurla Complex, Floor 25, P.J. Towers, Dalal Street Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Fax No. 022-2272-31
Slide 2: Results Presentation Q2 & H1 FY22
Results Presentation Q2 & H1 FY22 Oct 26th 2021 www.greenlamindustries.com
Slide 3: Product Portfolio
Product Portfolio Decorative Laminate & Allied Products Veneer & Allied Products Decorative Mikasa Mikasa Laminates Compact Panels MFC Veneer Floor Door Standard Compact Panels Natural Engineered Lab Guardian Veneer Engineered Wood Door Commodity to Melamine Restroom & Locker Wood Floor and Premium
Slide 4: Un-audited Consolidated Financials Q2 & H1 FY22
Un-audited Consolidated Financials Q2 & H1 FY22 www.greenlamindustries.com
Slide 5: Consolidated Performance for Q2FY22
Consolidated Performance for Q2FY22 Consolidated Net Revenue for the quarter grew by 35.1% on sequential basis, and grew by 57.0% on y-o-y basis to INR 454.2 Crores in Q2FY22 as compared to INR 289.3 Crores in Q2FY21 Laminate revenue grew by 33.9% sequentially and grew by 60.4% on y-o-y basis to
Slide 6: Consolidated Performance for Q2FY22
Consolidated Performance for Q2FY22 Gross Margin de-grew by 540 bps to 43.5% in Q2FY22 from 48.9% in Q2FY21, primarily due to rising raw material costs. On a sequential basis gross margin de-grew by 240 bps Gross margin in absolute terms grew by 39.6% to INR 197.7 crores in Q2FY22 as compared to
Slide 7: Consolidated Financial Performance for H1FY22
Consolidated Financial Performance for H1FY22 Consolidated Net Revenue for the half year ended Sept 30, 2021 grew by 75.8% on y-o-y basis to INR 790.3 Crores as compared to INR 449.7 Crores in H1FY21 Laminate revenue grew by 79.2% on y-o-y basis to INR 724.3 crores in H1FY22 from INR 404.1 crore
Slide 8: Consolidated Performance for H1FY22
Consolidated Performance for H1FY22 Gross Margin de-grew by 470 bps to 44.5% in H1FY22 from 49.2% in H1FY21, primarily due to rising raw material costs Gross margin in absolute terms grew by 59.0% to INR 351.9 crores in H1FY22 as compared to INR 221.3 crores in H1FY21 EBIDTA margin remained fl
Slide 9: Profit and Loss Statement
Consolidated Financial Performance Profit and Loss Statement INR Crores Q2FY22 Q2FY21 YoY% Q1FY22 QoQ% H1FY22 H1FY21 YoY% Net Revenue 454.2 289.3 57.0% 336.1 35.1% 790.3 449.7 75.8% Raw Material 256.5 147.7 181.9 438.4 228.4 Gross Profit 197.7 141.6 39.6% 154.2 28.2% 351.9 221.3 59.0% Gross Margin %
Slide 10: Laminates & Allied Segment
Consolidated Financial Performance Laminates & Allied Segment INR Crores Q2FY22 Q2FY21 YoY% Q1FY22 QoQ% H1FY22 H1FY21 YoY% Net Revenue 414.6 258.5 60.4% 309.6 33.9% 724.3 404.1 79.2% Gross Profit 181.7 129.0 40.8% 143.6 26.5% 325.2 202.5 60.6% Gross Margin % 43.8% 49.9% (610) bps 46.4% (260) bps 44.
Slide 11: Laminates & Allied Segment
Consolidated Financial Performance Laminates & Allied Segment Particulars Q2FY22 Q2FY21 YoY% Q1FY22 QoQ% H1FY22 H1FY21 YoY% Annual Capacity (Mn Sheets) 15.62 15.62 15.62 15.62 15.62 Capacity for the period 3.91 3.91 3.91 7.81 7.81 Production (Mn Sheets) 4.47 3.24 38.0% 4.28 4.4% 8.74 5.23 67.2% Sale
Slide 12: Veneers & Allied Segment
Consolidated Financial Performance Veneers & Allied Segment INR Crores Q2FY22 Q2FY21 YoY% Q1FY22 QoQ% H1FY22 H1FY21 YoY% Net Revenue 39.5 30.8 28.2% 26.5 49.1% 66.0 45.6 44.9% Gross Profit 16.0 12.6 26.8% 10.7 50.1% 26.7 18.8 41.6% Gross Margin % 40.5% 40.9% (40) bps 40.2% 30 bps 40.4% 41.3% (90) bp
Slide 13: Decorative Veneers
Consolidated Financial Performance Decorative Veneers Particulars Q2FY22 Q2FY21 YoY% Q1FY22 QoQ% H1FY22 H1FY21 YoY% Annual Capacity (Mn Sqmt) 4.20 4.20 4.20 4.20 4.20 Capacity for the period 1.05 1.05 1.05 2.10 2.10 Production (Mn Sqmt) 0.34 0.20 74.5% 0.17 98.8% 0.52 0.26 94.9% Sales (Mn Sqmt) 0.35
Slide 14: Engineered Wooden Floors and Doors
Consolidated Financial Performance Engineered Wooden Floors INR Crores Q2FY22 Q2FY21 YoY% Q1FY22 QoQ% H1FY22 H1FY21 YoY% Revenue 8.0 9.1 -11.9% 7.4 8.7% 15.4 12.4 23.8% EBIDTA (3.2) (0.7) (1.6) (4.7) (2.0) Capacity Utilization 9% 9% 11% 10% 10% Engineered Wooden Doors INR Crores Q2FY22 Q2FY21 YoY% Q
Slide 15: Operating Parameters - Net Working Capital
Consolidated Financial Performance Operating Parameters - Net Working Capital Amount in Q2FY22 Q2FY21 Q1FY22 H1FY22 H1FY21 INR Crores Amt Days Amt Days Amt Days Amt Days Amt Days Inventory 464.4 93 368.6 116 449.9 122 464.4 107 368.6 150 Debtors 136.6 27 102.8 32 128.2 35 136.6 32 102.8 42 Creditors
Slide 16: Debt & Cash Position
Consolidated Financial Performance Debt & Cash Position Net Debt-Equity Ratio INR Crores H1FY22 H1FY21 Q1FY22 0.49 Long Term Debt 102.6 96.4 121.2 (Including current portion) 0.27 Short Term Debt 171.6 154.5 189.0 Total Debt 268.0 275.5 291.6 H1FY22 H1FY21 Cash & Bank Balance 16.2 26.2 14.3 Liquid I
Slide 17: Return Ratios – ROCE & ROE
Consolidated Financial Performance Return Ratios – ROCE & ROE ROCE (Ex-GSL)* INR Crores Q2FY22 Q2FY21 Q1FY22 H1FY22 H1FY21 16.0% 14.7% 14.2% EBIT (Before Exceptional 33.6 28.0 25.9 59.4 23.5 Item) PAT 20.7 18.5 17.3 38.0 10.8 Q2FY22 Q2FY21 H1FY22 Capital Employed 886.4 807.1 901.7 886.4 807.1 Capita
Slide 18: Balance Sheet Statement
Consolidated Financial Performance Balance Sheet Statement INR Crores 30-Sep-21 31-Mar-21 INR Crores 30-Sep-21 31-Mar-21 Shareholders Fund 600.6 573.9 Non-Current Assets 487.1 495.5 Share Capital 12.1 12.1 Fixed Assets 469.7 428.2 Reserves & Surplus 588.3 561.4 Goodwill 3.2 3.1 Minority 0.3 0.5 Othe
Slide 19: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Greenlam Industries Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L21016AS2013PLC011624 CIN: U74140MH2010PTC204285 Mr. Ashok Sharma - CFO Mr. Shogun Jain / Ms. Ami Parekh Email: ashok.sharma@greenlam.com shogun.jain@sga