Greenlam Industries Ltd · NSE:GREENLAM
Greenlam Industries — Q3 FY2022 Earnings Presentation
18 slides from Greenlam Industries's earnings presentation, Feb 8, 2022
Slide 1: Greenlam Industries Limited
Greenlam Industries Limited Greenlam/2021-22 February 08, 2022 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. 0
Slide 2: Results Presentation Q3 & 9MFY22
Results Presentation Q3 & 9MFY22 Feb 8th 2022 www.greenlamindustries.com
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Greenlam Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 4: 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 5: Business Update
Business Update www.greenlamindustries.com
Slide 6: Business Update
Business Update ➢ The Company aims to invest Rs.950 crores over a period of 2-3 years, towards setting up of third Laminate plant and foray into Plywood and Particle Board business ➢ The Company shall set up 231,000 CBM Particle board capacity and 3.5 mn sheets & boards per annum capacity of laminat
Slide 7: Un-audited Consolidated Financials Q3 & 9M FY22
Un-audited Consolidated Financials Q3 & 9M FY22 www.greenlamindustries.com
Slide 8: Consolidated Performance for Q3FY22
Consolidated Performance for Q3FY22 ➢ Due to National Capital Region air pollution issues Commission of Air Quality Management (CAQM), ordered closure of manufacturing units in the region. Due to this our Behror plant was temporarily closed for few days in December 2021 ➢ The primary reason for this
Slide 9: Consolidated Financial Performance
Consolidated Financial Performance Profit and Loss Statement INR Crores Q3FY22 Q3FY21 YoY% Q2FY22 QoQ% 9MFY22 9MFY21 YoY% Net Revenue 449.7 334.6 34.4% 454.2 -1.0% 1,240.0 784.3 58.1% Raw Material 250.4 160.3 256.5 688.8 388.6 Gross Profit 199.3 174.3 14.4% 197.7 0.8% 551.2 395.6 39.3% Gross Margin
Slide 10: Laminates & Allied Segment
Consolidated Financial Performance Laminates & Allied Segment INR Crores Q3FY22 Q3FY21 YoY% Q2FY22 QoQ% 9MFY22 9MFY21 YoY% Net Revenue from 408.1 295.6 38.1% 414.6 -1.6% 1,132.4 699.7 61.8% Operations Gross Profit 183.2 158.7 15.5% 181.7 0.8% 508.4 361.2 40.8% Gross Margin % 44.9% 53.7% (880) Bps 43
Slide 11: Laminates & Allied Segment
Consolidated Financial Performance Laminates & Allied Segment Particulars Q3FY22 Q3FY21 YoY% Q2FY22 QoQ% 9MFY22 9MFY21 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 11.72 11.72 Production (Mn Sheets) 3.88 3.98 -2.5% 4.47 -13.1% 12.63 9.21 37.0%
Slide 12: Veneers & Allied Segment
Consolidated Financial Performance Veneers & Allied Segment INR Crores Q3FY22 Q3FY21 YoY% Q2FY22 QoQ% 9MFY22 9MFY21 YoY% Net Revenue from Operations 41.6 39.0 6.6% 39.5 5.3% 107.7 84.6 27.2% Gross Profit 16.1 15.6 3.2% 16.0 0.9% 42.8 34.5 24.2% Gross Margin % 38.8% 40.1% (130) Bps 40.5% (170) Bps 39
Slide 13: Decorative Veneers
Consolidated Financial Performance Decorative Veneers Particulars Q3FY22 Q3FY21 YoY% Q2FY22 QoQ% 9MFY22 9MFY21 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 3.15 3.15 Production (Mn Sqmt) 0.30 0.34 -9.7% 0.34 -11.5% 0.82 0.60 36.3% Sales (Mn Sqmt) 0.3
Slide 14: Engineered Wooden Floors and Doors
Consolidated Financial Performance Engineered Wooden Floors INR Crores Q3FY22 Q3FY21 YoY% Q2FY22 QoQ% 9MFY22 9MFY21 YoY% Revenue 10.8 8.4 27.7% 8.0 34.1% 26.2 20.9 25.4% EBITDA (2.8) (1.4) (3.2) (7.5) (3.3) Capacity Utilization 11% 14% 9% 10% 11% Engineered Wooden Doors INR Crores Q3FY22 Q3FY21 YoY%
Slide 15: Operating Parameters - Net Working Capital
Consolidated Financial Performance Operating Parameters - Net Working Capital Amount in Q3FY22 Q3FY21 Q2FY22 9MFY22 9MFY21 INR Crores Amt Days Amt Days Amt Days Amt Days Amt Days Inventory 486.4 99 358.8 98 464.4 93 486.4 108 358.8 126 Debtors 127.9 26 112.7 31 136.6 27 127.9 28 112.7 40 Creditors 2
Slide 16: Debt Position
Consolidated Financial Performance Debt Position is as under Net Debt-Equity Ratio INR Crores 9MFY22 9MFY21 H1FY22 0.33 Long Term Debt 0.28 90.2 117.2 96.4 (Including current portion) Short Term Debt 169.4 139.2 171.6 Total Debt 259.6 256.3 268.0 9MFY22 9MFY21 Cash & Bank Balance 15.0 23.7 16.2 Liqu
Slide 17: Return Ratios – ROCE & ROE
Consolidated Financial Performance Return Ratios – ROCE & ROE ROCE (Ex-New Projects)* INR Crores Q3FY22 Q3FY21 Q2FY22 9MFY22 9MFY21 23.7% 19.2% 15.9% EBIT 40.0 45.8 33.6 99.5 69.2 PAT 26.9 32.0 20.7 64.9 42.8 Q3FY22 Q3FY21 9MFY22 Capital Employed 905.4 818.1 886.4 905.4 818.1 Capital Employed (Ex- N
Slide 18: 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
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