Greenply Industries Ltd · NSE:GREENPLY
Greenply Industries — Q4 FY2016 Earnings Presentation
21 slides from Greenply Industries's earnings presentation, 2016
Slide 1: Result Presentation – Q4 & FY2016
GREENPLY INDUSTRIES LTD Result Presentation–Q4 & FY2016
Slide 2: 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 3: Table of Contents
TABLE OF CONTENTS • Financial Highlights • Results and Segment details • Segment-wise Performance • Management Commentary • Company Overview • Outlook • Annexure
Slide 4: Financial Highlights – Q4FY16
FINANCIAL HIGHLIGHTS – Q4FY16 • Net Sales up by 5.7% YoY to Rs. 452.83 crores – Plywood revenues up by 4.4% YoY to Rs. 323.82 crores, contributing 72% of net sales – MDF revenues grew by 7.1% YoY to Rs 126.69 crores, contributing 28% to net sales – New product Wallpaper contributed Rs 2.32 crores •
Slide 5: Financial Highlights – FY16
FINANCIAL HIGHLIGHTS – FY16 • Net Sales up by 6.1% YoY to Rs. 1656.09 crores – Plywood revenues up by 2% YoY to Rs. 1175.64 crores, contributing 71% of net sales – MDF revenues grew by 16.6% YoY to Rs 476.16 crores, contributing 29% to net sales – New product Wallpaper contributed Rs. 4.29 crores •
Slide 6: Financial Highlights – Q4FY16
Q4 FY 16 Q4FY 15 Financial Highlights – Q4FY16 5.7% 452.83 NET SALES 428.42 Key ratios (%) Q4FY16 Q4FY15 Gross Margin 43.8% 41.2% 12.3% EBITDA Margin 14.9% 12.5% EBIT Margin 12.9% 9.9% 198.12 GROSS PROFIT 176.49 Net Margin (*) 8.8% 7.0% Ad and promotions / Net Sales 2.5% 1.2% 26.5% Staff Cost/ Net S
Slide 7: Financial Highlights – FY16
12MFY16 12MFY15 Financial Highlights – FY16 6.1% 1656.1 NET SALES 1560.6 Key ratios (%) FY16 FY15 Gross Margin 44.4% 41.7% 12.9% EBITDA Margin 14.8% 12.9% EBIT Margin 12.1% 10.2% 735.4 GROSS PROFIT 651.5 Net Margin(*) 7.8% 6.8% Ad and promotions / Net Sales 3.2% 2.8% 21.9% Staff Cost/ Net Sales 10.1
Slide 8: Financial Highlights – B/S Perspective
FINANCIAL HIGHLIGHTS – B/S PERSPECTIVE Balance Sheet Snapshot March 31, December September March 31, March (Rs. crore) 2016 31, 2015 30, 2015 2015 31, 2014 Net worth 604.49 572.61 537.21 483.17 380.29 Total debt 229.44 271.82 290.14 331.53 375.81 Long Term Debt (Including 162.32 142.17 162.05 199.
Slide 9: Results Q4 FY2016
RESULTS Q4 FY2016 Corporate Identity Number : L20211AS1990PLC003484 Phone : +91 33 3051 5000 Fax : +91 33 3051 5010 Website : www.greenply.com E-mail : [email protected] PART I Statement of Audited Results for the quarter and year ended 31st March, 2016 (` in lacs) Sl. Standalone Consolidated No.
Slide 10: Segmental Performance – Q4 FY16
SEGMENTAL PERFORMANCE – Q4 FY16 GREENPLY INDUSTRIES LIMITED Regd.Office : Makum Road, Tinsukia, Assam - 786 125 Corporate Identity Number : L20211AS1990PLC003484 Phone : +91 33 3051 5000 Fax : +91 33 3051 5010 Website : www.greenply.com E-mail : [email protected] Segmentwise Revenue, Results and
Slide 11: Segment Wise Performance
SEGMENT WISE PERFORMANCE Plywood Particulars Q4FY16 Q4FY15 Var (%) FY16 FY15 Var (%) Net sales (Rs. crore) 323.82 310.18 4.4% 1175.64 1152.07 2.0% EBITDA margin (%) 10.2% 8.6% 9.3% 9.1% EBIT margin (%) 9.0% 6.3% 7.2% 6.8% Annual capacity (million sqm.) 32.4 32.4 32.4 32.4 Production (million sqm.) 8
Slide 12: Joint Managing Director's Message
Joint Managing Director’s Message Commenting on the performance for Q4 and 12FY2016, Mr. Shobhan Mittal, Joint Managing Director and CEO, Greenply Industries Ltd. said, “We have delivered a stable performance in a sluggish economy. This has been driven by expansion of operating margins and introduct
Slide 13: Company Overview
COMPANY OVERVIEW CAPACITY UTILIZATION PRODUCTION MODEL • Plywood 101% utilization; further • Plywood – 70% in-house, moving towards demand to be catered through an asset light set-up by increasing proportion outsourcing of outsourcing • MDF 99% utilization; to undertake • MDF – 100% in-house greenfi
Slide 14: Company Overview
COMPANY OVERVIEW BUSINESS SEGMENTS STRONG INDUSTRY POTENTIAL • Wood based products - Plywood • Plywood industry size – Rs. 180 billion and allied products, Medium MDF industry size – Rs. 16 billion Density Fibreboards (MDF) • Strong demand drivers – rising • Demerged the Decorative residential/ comm
Slide 15: Growth Outlook
GROWTH OUTLOOK INDUSTRY DRIVERS PRODUCT PROFILE • Rising demand from the real estate sector • To improve mix of plywood through increase • Increasing urbanisation, higher disposable in mix of value-added products like Green incomes and a growing middle class Defender, Green Gold Prima and Natural Ve
Slide 16: Annexure
9 EXURE sd SF LOVER TOA, ANN CS ee —_— —
Slide 17: Plywood Manufacturing Facilities / Production Model
MANUFACTURING FACILITIES / PRODUCTION MODLE Facilities Production Model Capacity Location 70% in-house, 30% outsourced in volume terms (mn sqm.) PLYWOOD Tizit, Nagaland 4.50 To increase proportion of outsourcing to 30% (in value terms) from 22% currently over next 3 years Kriparampur, West Bengal 6.
Slide 18: Strong Performance Track Record
STRONG PERFORMANCE TRACK RECORD NET SALES GROSS PROFIT 1,656 735 1,561 651 1,314 1,390 538 560 1,059 427 FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY14 FY15 FY16 EBITDA PBT 173 245 201 139 180 183 110 104 118 42 FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY14 FY15 FY16
Slide 19: Segment-wise Performance
SEGMENT-WISE PERFORMANCE Plywood Particulars FY12 FY13 FY14 FY15 FY16 CAGR Net sales (Rs. crore) 815.58 940.17 1037.30 1152.07 1175.64 7.6% EBITDA margin (%) 9.8% 10.6% 10.3% 9.1% 9.3% - EBIT margin (%) 7.2% 8.9% 7.9% 6.8% 7.2% - Annual capacity (million sqm.) 28.35 32.4 32.4 32.4 32.4 - Production
Slide 20: Our Brands
OUR BRANDS J ; GREEN 2 CLUB GREEN DOORS READY LINES ~ f—GREE! ECOTEC ‘DEFENDER ~ {COMPREG a ACK PECTRUMWOOD) ee
Slide 21: About Greenply Industries Ltd.
ABOUT GREENPLY INDUSTRIES LTD. Greenply Industries Limited (GIL) enjoys leadership position in plywood and medium density fibreboards (MDF) accounting for almost 26 percent of the organized plywood and 30 percent of the MDF market in India. GIL has four state–of-the-art manufacturing facilities for
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