Greenply Industries Ltd · NSE:GREENPLY
Greenply Industries — Q3 FY2025 Earnings Presentation
32 slides from Greenply Industries's earnings presentation, Feb 6, 2025
Slide 1: Exchange filing cover letter
HAR ZARURAT KA REPLY Greenply/2024-25 February 6, 2025 The Manager The Manager BSE Limited 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: 5267
Slide 2: Analyst Presentation Q3 & 9M FY2025
1111111111111111111111111111111 111111 Greenply Industries Limited ANALYST PRESENTATION Q3 & 9M FY2025 6th Feb 2025 1
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Greenply 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 se
Slide 4: Contents
Contents ❖ Key Highlights ❖ Financial & Operating Performance ❖ Corporate Overview 3
Slide 5: Key Highlights
Key Highlights 4
Slide 6: Key results highlights- Consolidated
Key results highlights- Consolidated % Change % Change % Change Particulars Q3 FY25 Q3 FY24 Q2 FY25 9M FY25 9M FY24 Y-o-Y Q-o-Q Y-o-Y Revenue (Rs Crs) 614 582 5.6% 640 -4.1% 1839 1580 16.4% Core EBITDA (Rs Crs) 54 50 7.2% 58 -6.2% 170 128 33.0% Core EBITDA % 8.8% 8.7% + 10 bps 9.0% -20 bps 9.2% 8.1%
Slide 7: Key results highlights – India Ply Business
Key results highlights – India Ply Business Plywood Business ^ (Standalone + Subsidiaries) % Change % Change % Change Particulars Q3 FY25 Q3 FY24 Q2 FY25 9M FY25 9M FY24 Y-o-Y Q-o-Q Y-o-Y Sales Volume (MSM) 18.2 17.8 2.8% 20.2 -9.8% 56.1 53.1 5.7% Realisation (Rs/MSM) 257 252 2.0% 251 2.4% 251 248 1
Slide 8: Key results highlights – India MDF Business
Key results highlights – India MDF Business MDF Business % Change % Change Particulars Q3 FY25 Q3 FY24 Q2 FY25 9M FY25 9M FY24 Y-o-Y Q-o-Q Sales Volume (CBM) 42,259 41,928 0.8% 40,553 4.2% 1,25,536 79,009 Realisation (Rs/CBM) 31,850 30,629 4.0% 31,169 2.2% 31,278 29,649.0 Revenue (Rs Crs) 134.6 128.
Slide 9: Updates on the Furniture Hardware JV- Greenply Samet
Updates on the Furniture Hardware JV- Greenply Samet • All Machineries are in place and the production has started. • CEO has joined in the month of Dec’24 • Financial performance (100%) • Revenue 2 Crs in Q3 FY’25 • PAT loss of 9.44 Crs in Q3 FY’25 • Revenue likely to ramp up in Q4 Hinge Systems Li
Slide 10: Financial & Operating Performance
FINANCIAL & OPERATING PERFORMANCE 9
Slide 11: Consolidated P&L – Q3 FY25
Consolidated P&L –Q3 FY25 Revenue growth of 5.6% YoY Revenue-Rs. Crores Gross Profit- Rs. Crores, Margin % 5.6% -4.1% 5.8% -1.6% 700 600 300 40.0% 39.1% 40.1% 50.0% 250 40.0% 500 200 30.0% 400 640 150 582 614 233 250 246 20.0% 300 100 200 50 10.0% 0 0.0% 100 Q3FY24 Q2 FY25 Q3 FY25 Q3FY24 Q2 FY25 Q3
Slide 12: Consolidated P&L – 9M FY25
Consolidated P&L – 9M FY25 Revenue growth of 16.4% YoY Revenue-Rs. Crores Gross Profit- Rs. Crores, Margin % 16.4% 15.9% 800 50.0% 2,000 1,839 40.1% 39.9% 1,580 600 40.0% 1,500 30.0% 400 734 1,000 633 20.0% 500 200 10.0% - 0 0.0% 9M FY24 9M FY25 9M FY24 9M FY25 Core EBITDA- Rs. Crores, Margin % PAT
Slide 13: Consolidated Ratios
Consolidated Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 250 232 226 50 450 409 100 350 100 400 293 285 192 334 80 300 200 40 350 297 80 41 300 250 223 150 30 250 60 200 60 33 200 58 61 100 29 20 40 150 40 150 44 100 100 39 44 42 50 10 20 2
Slide 14: Plywood Business P&L - Q3 FY25
Plywood Business^ (Standalone + Subsidiaries) P&L-Q3 FY25 Revenue growth of 5.6% YoY Revenue- Rs. Crores Gross Profit- Rs. Crores, Margin % 5.6% 7.4% -6.8% 600 514 220 -1.5% 50.0% 454 479 500 200 38.0% 36.6% 38.7% 400 40.0% 300 180 30.0% 200 160 188 172 185 100 140 20.0% 0 Q3 FY24 Q2 FY25 Q3 FY25 12
Slide 15: Plywood Business P&L - 9M FY25
Plywood Business^ (Standalone + Subsidiaries) P&L-9M FY25 Revenue growth of 7.5% YoY Revenue- Rs. Crores Gross Profit- Rs. Crores, Margin % 7.5% 6.8% 1,500 1,445 400 40.0% 1,400 1,344 1,300 370 37.9% 37.6% 30.0% 1,200 1,100 340 20.0% 1,000 900 310 10.0% 800 509 544 700 280 0.0% 9M FY24 9M FY25 9M FY
Slide 16: Plywood Business Ratios
Plywood Business^ (Standalone +Subsidiaries) Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 250 37 37 40 400 64 70 300 52 53 30 35 350 53 60 200 47 250 51 52 30 300 50 49 25 250 200 51 150 40 20 200 150 275 50 30 239 268 100 194 15 150 340 178
Slide 17: Plywood Business Operating Metrics Q3 FY25
Plywood Business^ (Standalone + Subsidiaries) Operating Metrics Q3 FY25 Developing a healthy mix of manufacturing & trading portfolio yielding better ROEs Sales breakup- Volume-wise Sales breakup- Value-wise 100% 100% 80% 43% 44% 43% 80% 34% 36% 34% 60% 3% 0% 0% 60% 3% 0% 0% 40% 40% 63% 64% 66% 54%
Slide 18: Plywood Business Operating Metrics 9M FY25
Plywood Business^ (Standalone + Subsidiaries) Operating Metrics 9M FY25 Developing a healthy mix of manufacturing & trading portfolio yielding better ROEs Sales breakup- Volume-wise Sales breakup- Value-wise 120% 120% 100% 100% 80% 42% 42% 80% 33% 34% 60% 0% 60% 4% 0% 4% 40% 40% 54% 58% 64% 66% 20%
Slide 19: MDF P&L - Q3 FY25
MDF P&L- Q3 FY25 Revenue growth of 4.8% YoY Revenue- Rs. Crores Gross Profit- Rs. Crores 4.8% 6.5% 160 70 47% 49% 60% 128 135 60 45% 140 126 50% 120 50 40% 100 40 62 30% 80 30 61 61 60 20 20% 40 10 10% 20 0 0% Q3 FY24 Q2 FY25 Q3 FY25 Q3 FY24 Q2 FY25 Q3 FY25 Core EBITDA- Rs. Crores, Margin % PAT- Rs.
Slide 20: MDF Business Ratios
MDF Business Ratios Working Capital- Rs. Crores, days* Inventories- Rs. Crores, days* Receivables- Rs. Crores, days* 60 38 40 100 54 60 25 14 16 35 46 13 50 80 50 14 30 20 11 25 35 12 40 21 25 40 10 60 15 30 20 30 8 15 40 10 6 20 20 4 10 20 5 10 10 20 18 16 2 55 35 32 5 76 49 69 0 0 0 0 0 0 Dec-23 S
Slide 21: Corporate Overview
CORPORATE OVERVIEW 20
Slide 22: Greenply at a glance
Greenply at a glance 35+ Listed in NSE & Wood based products - One of the largest E-0 Interior Years of experience BSE-Rs. ~4900 Plywood and allied, India’s first Zero infrastructure in delivering quality crores Face Veneer, MDF Emission plywood brands in India plywood products Market Cap Best Green
Slide 23: Manufacturing Excellence
Manufacturing Excellence MDF Manufacturing Capacity Kriparampur, West Bengal Plywood & allied Capacity Manufacturing Location (Mn SqM pa) Location (CBM pa) Vadodara, Gujarat 2,40,000 Bamanbore, Gujarat 20.20 Sandila, Lucknow (U.P.) 13.50 Kriparampur, West 11.00 Bengal Vadodara Mfg. Units Tizit, Naga
Slide 24: Key Business Moats
Key Business Moats Industry First Innovations Promise of delivering quality, every time Quality is Pressing technology to ensure defect free guaranteed calibrated product Global & Domestic Certifications Industry First Influencer Initiatives Rewarding Craftsmanship of Taking care of Driving sustaina
Slide 25: Ownership & Stakeholder Value Creation
Ownership & Stakeholder Value Creation Major Institutional Shareholders - 31st December 2024 Shareholding Pattern- 31st December 2024 Major Institutional Shareholders Shareholding % 11.69% Mirae Asset Mutual Fund 12.63 HDFC Mutual Fund 6.96 Tata Mutual Fund 4.96 51.66% 30.90% Canara Robeco Mutual Fu
Slide 26: Strategic Initiatives
Strategic Initiatives Introducing Employee innovative & futuristic engagement products Automation Focus on ESG & digitization Expanding Product portfolio manufacturing expansion base at diversified locations Strategic Initiatives 25 Adopting a multi-pronged approach to leverage the emerging opportun
Slide 27: Digital & PR Awareness
Digital & PR Awareness | rat , Plywood | Timber | Laminates | MDF/Particle Board | Machinery | Furniture otnsreacry Embrace festivities glazed with joy! _ 2 oN 128) Te eS reenply CARB P2 MOF MR. SANIDHYA MITTAL, = JOINT MANAGING DIRECTOR, GREENPLY INDUSTRIES LTD dd eauty your imeiors Pure surface fi
Slide 28: Hindustan Ki Shaan Season 2
Hindustan Ki Shaan Season 2 Total Reach: 2.1 Mn+| New Contractors Added : 60,000 | Nominations Received : 5,660
Slide 29: In-Shop Visibility & Dealer Engagement
In-Shop Visibility & Dealer Engagement Retail Visibility – across 1100 counters New Year Merchandise – 1100+ dealers engaged Holi Festive Engagement – 1400+ dealers engaged
Slide 30: Brand Campaign - Driving Brand Saliency
Brand Campaign - Driving Brand Saliency of, TV Campaign : Prime-time Impact properties Presence on lead News, Business, Movie & Regional Channels XX, Cow Crrictures NB — Epc y SIE ‘x 4WMn ; 2 Reach thru TV GA inaiay BR
Slide 31: Awards & Recognition
Awards & Recognition Great Place to Work-Three times India’s Most trusted Brand- Best Green Manufacturing Economic Times Sustainable in a row (2020, 2021, 2022) 2022 Company- 2022 Organisations Award - 2023 30
Slide 32: Thank You!
For further information, please contact: Registered Office : Madgul Lounge, 6th Floor 23 Chetla Central Road, Chetla Kolkata - 700027, West Bengal, India Phone: (033)-3051-5000 Fax: (033)-3051-5010 Email: investors@greenply.com Website: www.greenply.com Thank You! 31
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