FINANCIAL RESULTS PRESENTATION

9M & Q3 FY 2017

GREENPLY INDUSTRIES LIMITED

Greenply Industries Limited (GIL) will not be in any way responsible for any action taken based on such
statements and undertakes no obligation to publicly update these forward-looking statements to reflect
subsequent events or circumstances.

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 suggested by the forwardlooking statements. Important developments that could affect the Companys operations include changes
in the industry structure, significant changes in political and economic environment in India and overseas,
tax laws, import duties, litigation and labour relations.

DISCLAIMER

 Annexure

Outlook

Company Overview

Management Commentary

Ind AS Impact

Segment-wise Performance

Results and Segment details

Financial Highlights

CONTENTS

 Net debt to equity at 0.40 as on 31st December, 2016 as compared to 0.53 as on 31st December, 2015. Debt
includes Rs 71.69 crores on account of new MDF plant.

Working capital cycle decreased by 9 days YOY to 53 days

o EPS of Rs. 1.96 in Q3FY17 on enhanced equity (post QIP in August 2016) compared to Rs. 2.91 in Q3FY16 (after
adjusting Q3 FY16 EPS for stock split in Q4 of FY16)

PAT fell by 31.7% YoY to Rs. 24.00 crores

o Ad expenditure to sales at 3.1% in Q3FY17 compared to 2.8% YoY

EBITDA margins down by 133 bps YoY to 14.3% due to significant de-growth in topline

o Led by better product mix, improvement in yield and fall in raw material prices

Gross margins expand 410 bps YoY to 47.8%

o Wallpaper sales at Rs 2.68 crores, contributing 0.8% to net sales

o MDF revenues fell by 25.6% YoY to Rs 95.85 crores, contributing 26.7% to net sales

o Plywood revenues down by 9.1% YoY to Rs. 260.25 crores, contributing 72.5% of net sales

Net Sales down by 14% YoY to Rs. 358.78 crores

FINANCIAL HIGHLIGHTS Q3 FY 2017

o MDF on the other hand has been more severely impacted and has recorded a significant de-growth. This is
believed to be a result of demonetisation combined with price cuts being offered across the industry

o Plywood has witnessed a relatively lower impact

Greenplys performance for the quarter under review has consequently been impacted across both its operating
segments

These two factors have led to a slowdown for Building materials too

Replacement market which primarily is in cash has been impacted to a larger extent than the primary market

The Real estate segment is seen to have been impacted reflected in a correction in prices and anticipation by buyers
of further downside

DEMONETISATION EFFECT

43.7%

15.6%
12.6%
8.4%
2.8%
10.1%
5.6%
2.88(**)

47.8%

14.3%
10.9%
6.7%
3.1%
11.2%
6.0%
1.96(*)

Gross Margin

EBITDA Margin

EBIT Margin

Net Margin (*)

Ad and promotions / Net Sales

Staff Cost/ Net Sales

Logistics cost / Net Sales

EPS (Rs.)

(*) EPS adjusted for QIP issue in August 2016.

(**) EPS adjusted for stock split in Q4 FY16

Q3 FY16

Q3 FY17

Key ratios (%)

24.0

51.2

171.7

358.8

Q3 FY 17

FINANCIAL HIGHLIGHTS Q3 FY 2017

PAT

(31.7)%

EBITDA

(21.4)%

GROSS PROFIT

(5.9)%

NET SALES

(14.0)%

35.2

65.1

182.3

417.2

Q3 FY 16

44.4%

14.8%
11.8%
7.5%
3.1%
10.5%
5.7%
7.42(**)

46.4%

15.1%
12.1%
7.7%
3.3%
10.6%
5.9%
7.66(*)

Gross Margin

EBITDA Margin

EBIT Margin

Net Margin (*)

Ad and promotions / Net Sales

Staff Cost/ Net Sales

Logistics cost / Net Sales

EPS (Rs.)

(*) EPS adjusted for QIP issue in August 2016.

(**) EPS adjusted for stock split in Q4 FY16

9M FY16

9M FY17

Key ratios (%)

93.2

182.8

561.1

1,208.3

9M FY 17

FINANCIAL HIGHLIGHTS 9M FY 2017

PAT

4.1%

EBITDA

2.8%

GROSS PROFIT

5.6%

NET SALES

0.9%

89.5

177.7

531.6

1,197.7

9M FY 16

13.91
567.49
324.68

249.35
159.06

Cash and cash equivalents

Fixed Assets

Receivables

Payables

Inventories

1,051.50

100.09

Short Term Debt

Capital Employed

197.31

297.40

Total debt

Long Term Debt (Including Current Maturity)

745.78

Dec 31, 2016

Net worth

Balance Sheet Snapshot

(Rs. crore)

155.63

226.33

339.88

540.50

6.32

871.72

160.75

141.82

302.57

572.21

Dec 31, 2015

138.53

249.03

332.92

539.66

31.60

871.72

97.00

161.81

258.81

613.50

March 31, 2016

FINANCIAL HIGHLIGHTS B/S PERSPECTIVE

18.5%
13.8%
24.6%
18.4%
0.40

RoCE Post-Tax

RoCE Pre-Tax (Excl New Investments)

RoCE Post-Tax (Excl New Investments)

Net Debt / Equity (x)

53

Working Capital Turnover (days)

RoCE Pre-Tax

57

Creditor (days)

16.7%

74

Debtor (days)

RoE (%)

36

Dec 31, 2016

Inventory (days)

Key Ratios

0.53

17.9%

22.6%

17.2%

21.6%

20.9%

62

52

78

36

Dec 31, 2015

FINANCIAL HIGHLIGHTS RATIOS

0.42

19.5%

24.6%

18.4%

23.1%

21.4%

50

55

74

31

March 31, 2016

Particulars

Income from Operations

(a) Gross Sales/Income from Operations
(b) Other Operating Income
Total income from operations
Expenses
a) Cost of materials consumed
b) Purchase of Stock-in-trade
c) Changes in inventories of finished goods, work-in-progress and stock-in-trade
d) Excise Duty Expense
e) Employee benefits expense
f) Depreciation and amortisation expense
g) Other Expenses
Total Expenses
Profit from operations before other income, finance costs and exceptional Items
Other income
Profit /(Loss) from ordinary activities before finance costs and exceptional items
Finance costs
Profit/(Loss) from ordinary activities after finance costs but before exceptional items
Exceptional items
Profit/ (Loss) from ordinary activities before tax
Tax Expenses
for Current
for Earlier Years
for Deferred
for MAT Credit
Net Profit/(Loss) from ordinary activities after tax
Extraordinary items (net of tax expense Rs. Nil)
Net Profit / (Loss) for the period
Other Comprehensive Income, net of tax (OCI)
Total Comprehensive Income for the period, net of Tax
Paid-up equity share capital (Face value Rs. 1/- per share)
Reserves excluding Revaluation Reserves
i) Basic EPS (Rs.) before and after extraordinary items (of Rs. 1/- each)
ii) Diluted EPS (Rs.) before and after extraordinary items (of Rs. 1/- each)

* Not annualised

11
12
13
14
15
16
17
18

3
4
5
6
7
8
9
10

Sl. No.

18,843.16
6,177.90
(1,566.50)
3,185.13
4,310.64
1,220.20
9,271.70
41,442.23
5,260.47
244.05
5,504.52
687.09
4,817.43
4,817.43

(1035.92)
222.22
(494.28)
3,509.45
3,509.45
(14.72)
3,494.73
1,226.27
2.88*
2.88*

(754.81)
(107.59)
113.80
(431.65)
2,400.13
2,400.13
(103.84)
2,296.29
1,226.27
1.96*
1.96*

46,648.61
54.09
46,702.70

14,608.56
5,268.86
(1,164.12)
2,571.62
4,010.79
1,212.59
8,393.45
34,901.75
3,633.48
276.62
3,910.10
329.72
3,580.38
3,580.38

38,449.76
85.47
38,535.23

(987.51)
(0.07)
(93.84)
3,516.59
3,516.59
(37.74)
3,478.85
1,206.82
2.91*
2.91*

17,553.23
5,014.31
921.38
1,650.07
4,230.44
1,243.73
7,567.58
38,180.74
5,206.12
63.78
5,269.90
671.89
4,598.01
4,598.01

43,372.30
14.56
43,386.86

(2798.24)
(107.59)
563.99
(1365.64)
9,320.33
9,320.33
(92.14)
9,228.19
1,226.27
7.66*
7.66*

51,667.58
16,503.11
(3,440.10)
8,420.16
12,818.38
3,647.35
25,914.81
115,531.29
13,878.24
749.00
14,627.24
1,599.43
13,027.81
13,027.81

129,252.62
156.91
129,409.53

(2537.29)
103.26
(451.14)
8,950.28
8,950.28
(113.24)
8,837.04
1,206.82
7.42*
7.42*

51,721.09
14,460.08
425.27
4,950.64
12,559.94
3,668.00
23,052.94
110,837.96
13,910.01
194.23
14,104.24
2,268.79
11,835.45
11,835.45

124,717.59
30.38
124,747.97

(3693.83)
181.87
(629.70)
13,116.65
13,116.65
(150.98)
12,965.67
1,206.82
60142.92
10.87
10.87

70,149.64
20,381.91
1,519.18
6,776.51
16,543.24
4,900.94
31,968.82
152,240.24
19,185.28
964.10
20,149.38
2,891.07
17,258.31
17,258.31

171,349.48
76.04
171,425.52

QE 31.12.2016 QE 30.09.2016 QE 31.12.2015 9M 31.12.2016 9M 31.12.2015 YE 31.03.2016

FINANCIAL RESULTS 9M & Q3 FY 2017

(Rs. in lacs)

1. Segment Revenue (Gross)

a) Plywood & Allied Products
b) Medium Density Fibreboards
c) Unallocated
Total
Less: Inter Segment Revenue
Gross Sales/Income from Operations
2. Segment Result [Profit/(Loss) before tax and interest]
a) Plywood & Allied Products
b) Medium Density Fibreboards
c) Unallocated
Total
Less: (i) Interest
(ii) Other Unallocable expenditure net of unallocable Income
Total Profit before Tax
3. Segment Assets
a) Plywood & Allied Products
b) Medium Density Fibreboards
c) Unallocated
Total
4. Segment Liabilities
a) Plywood & Allied Products
b) Medium Density Fibreboards
c) Unallocated
Total
5. Capital Employed
a) Plywood & Allied Products
b) Medium Density Fibreboards
c) Unallocated
Total

Particulars
34,019.44
12,383.86
299.40
46,702.70
46,702.70
3,295.55
3,287.98
(30.47)
6,553.06
687.09
1,048.54
4,817.43
72,845.27
52,689.76
6,036.40
131,571.43
25,775.62
5,785.62
2,460.19
34,021.43
47,069.65
46,904.14
3,576.21
97,550.00

28,669.17
9,597.99
268.07
38,535.23
38,535.23
3,087.63
1,559.24
(92.86)
4,554.01
329.72
643.91
3,580.38
70,633.82
59,943.47
6,995.29
137,572.58
24,082.93
6,457.99
1,881.63
32,422.55
46,550.89
53,485.48
5,113.66
105,150.03

50,600.04
34,109.42
2,595.59
87,305.05

20,839.91
6,433.49
1,808.84
29,082.24

71,439.95
40,542.91
4,404.43
116,387.29

2,444.18
3,407.62
(65.47)
5,786.33
671.89
516.43
4,598.01

30,303.94
12,885.76
197.16
43,386.86
43,386.86

46,550.89
53,485.48
5,113.66
105,150.03

24,082.93
6,457.99
1,881.63
32,422.55

70,633.82
59,943.47
6,995.29
137,572.58

9,242.73
8,180.12
(197.18)
17,225.67
1,599.43
2,598.43
13,027.81

94,686.89
33,954.29
768.35
129,409.53
129,409.53

50,600.04
34,109.42
2,595.59
87,305.05

20,839.91
6,433.49
1,808.84
29,082.24

71,439.95
40,542.91
4,404.43
116,387.29

7,111.62
9,230.66
(65.47)
16,276.81
2,268.79
2,172.57
11,835.45

89,632.03
34,918.67
197.27
124,747.97
124,747.97

47,109.18
36,148.85
3,913.79
87,171.82

23,833.78
6,026.94
1,744.19
31,604.91

70,942.96
42,175.79
5,657.98
118,776.73

10,777.86
12,618.97
(85.79)
23,311.04
2,891.07
3,161.66
17,258.31

123,362.61
47,633.71
429.20
171,425.52
171,425.52

QE 31.12.2016 QE 30.09.2016 QE 31.12.2015 9M 31.12.2016 9M 31.12.2015 YE 31.03.2016

SEGMENTAL PERFORMANCE 9M & Q3 FY 2017

(Rs. in lacs)

128.83
29.1%
25.0%
180,000
50,002
48,961
111%
26,334

Q3FY17
95.85
20.3%
14.7%
180,000
41,673
37,764
93%
25,348

Particulars

Net sales (Rs. crore)

EBITDA margin (%)
EBIT margin (%)
Annual capacity (cubic metre)
Production (cubic metre)
Sales volume (cubic metre)
Utilisation (%)
Average realisation (Rs./cum.)

Q3FY16

286.42
9.6%
7.1%
32.4
7.90
11.80
97%
242

260.25
12.6%
10.0%
32.4
7.70
11.00
95%
233

Net sales (Rs. crore)

EBITDA margin (%)
EBIT margin (%)
Annual capacity (million sqm.)
Production (million sqm.)
Sales volume (million sqm.)
Utilisation (%)
Average realisation (Rs./sqm.)

Q3FY16

Q3FY17

Particulars

(3.7)%

(16.7)%
(22.9)%

(25.6)%

Var (%)

(3.7)%

(2.0)%
(6.8)%

(9.1)%

Var (%)

FY16

177,382
177,953
99%
26,719

476.08
29.0%
24.7%
180,000

FY16

1165.36
9.7%
7.3%
32.4
32.6
48.3
101%
237

SEGMENT WISE PERFORMANCE

Plywood

MDF

161,229
161,424
90%
25,238

408.51
23.3%
18.5%
180,000

FY15

1152.07
9.1%
6.8%
32.4
33.1
46.1
102%
241

FY15

10.0%
10.2%

16.5%

Var (%)

-1.5%
4.6%

1.2%

Var (%)

2,670.32

5.27
(4.63)
(2.24)
9.22
(40.80)
20.35
(70.24)
6.64
(2.87)
5.04
(26.54)
57.72
70.46
27.38
(57.72)
19.98
(37.74)
(10.36)
26,59.96

Derecognition of Depreciation on Leasehold Land being Operating Lease

Recognition of Amortisation of Leasehold Land being Operating Lease in Other Expenses
Gain/(Loss) on Fair Valuation of Quoted Investments
Increase/(Decrease) in Profit on sale of Quoted Investments due to Fair Valuation
Gain/(Loss) on Fair Valuation of Biological Assets
Recognition of Foreign Exchange Fluctuation Gain/(Loss) as MTM of Forward & IRS Contracts
Recognition of Provision for Expected Cash Discounts of Outstanding Debtors
Recognition of Provision for Expected Credit Losses of Outstanding Debtors
Capitalisation of Finance Cost to Plant, Property & Equipment & Capital Work in Progress
Derecognition of Administrative Expenses & Exchange Gain from Capital Work in Progress
Derecognition of Unamortised Expenses pertaining to Scheme of Arrangement
Recognition of Finance Cost from Prepaid Processing Fees accounted on transition date
Actuarial loss on Defined Benefit plans reclassified to Other Comprehensive Income
Deferred Tax impact of Ind AS adjustments
Net Impact of Ind AS adjustments

Actuarial loss on Defined Benefit plans reclassified from Employee Benefit Expense
Deferred Tax impact of Ind AS adjustments
Net Impact of Ind AS adjustments in OCI

Net Impact of Ind AS adjustments in Total Comprehensive Income

Total Comprehensive Income for the period as per Ind AS

Q1
30.06.2015

Net Profit after tax for the period as per I-GAAP

Reconciliation of Net Profit as per Ind AS & I-GAAP

2,698.23

(25.69)

(57.73)
19.97
(37.76)

5.34
(4.68)
1.99
0.62
(35.16)
6.77
6.16
3.66
(5.42)
5.05
(23.34)
57.73
(6.65)
12.07

2,723.92

Q2
30.09.2015

3,478.85

(55.59)

(57.72)
19.98
(37.74)

5.33
(4.68)
19.20
(2.54)
43.03
(52.97)
(82.57)
14.46
(9.12)
5.05
(22.03)
57.72
11.27
(17.85)

3,534.44

Q3
31.12.2015

4,128.63

(1.81)

(57.72)
19.98
(37.74)

19.07
(4.64)
(0.03)
(43.53)
(11.17)
(50.90)
10.57
123.83
1.76
25.44
(70.61)
(18.71)
57.72
(2.87)
35.93

4,130.44

Q4
31.03.2016

12,965.67

(93.45)

(230.89)
79.91
(150.98)

35.01
(18.63)
18.92
(43.53)
(3.87)
(83.83)
(15.28)
(22.82)
26.52
8.03
(55.47)
(90.62)
230.89
72.21
57.53

13,059.12

12M
31.03.2016

PROFIT RECONCILIATION AS PER IND AS & I-GAAP

(Rs. in lacs)

(92.55)
(92.55)
857.85

Actuarial loss on Defined Benefit plans reclassified from Retained Earnings

Net Impact of Ind AS adjustments in Other Comprehensive Income (OCI)

Net Impact of Ind AS adjustments in Reserves & Surplus

1,206.82
48,048.76
49,255.58

(16.38)
24.83
3.87
81.40
(285.22)
(244.85)
(80.74)
172.14
871.50
92.55
331.30
950.40

Recognition of Depreciation on Leasehold Land

Gain/(Loss) on Fair Valuation of Quoted Investments
Gain/(Loss) on Fair Valuation of Biological Assets
Recognition of Foreign Exchange Fluctuation Gain/(Loss) as MTM of Forward & IRS Contracts
Recognition of Provision for Expected Cash Discounts of Outstanding Debtors
Recognition of Provision for Expected Credit Losses of Outstanding Debtors
Derecognition of Unamortised Expenses pertaining to Scheme of Arrangement
Recognition of Prepaid Processing Fees
Derecognition of Proposed Dividend and Tax on Distribution of Proposed Dividend
Actuarial loss on Defined Benefit plans reclassified to Other Comprehensive Income
Deferred Tax impact of Ind AS adjustments
Net Impact of Ind AS adjustments in Reserves & Surplus

Share Capital as per Ind AS

Reserves & Surplus as per Ind AS
Shareholders Funds as at 01.04.2015 as per Ind AS

1,206.82
47,190.91
48,397.73

As at 01.04.2015

Share Capital as per I-GAAP

Reserves & Surplus as per I-GAAP
Shareholders Funds as at 01.04.2015 as per I-GAAP

Reconciliation of Shareholders Funds as per Ind AS & I-GAAP

EQUITY RECONCILIATION AS PER IND AS & I-GAAP

(Rs. in lacs)

Net Sales for the period as per Ind AS

Recognition of Provision for Cash Discount

Reclassification of Excise Duty refund to Other Income

Reclassification of Advertisement & Sales promotion Expenses

Net Sales for the period as per I-GAAP

Reconciliation of Net Sales as per Ind AS & I-GAAP

37,974.73

20.35

(120.45)

38,074.83

40,069.99

6.76

(14.25)

40,077.48

41,722.23

(52.96)

(399.22)

42,174.41

44,806.02

10.57

(473.34)

(13.89)

45,282.68

164,572.97

(15.28)

(593.79)

(427.36)

165,609.40

Q1 30.06.2015 Q2 30.09.2015 Q3 31.12.2015 Q4 31.03.2016 12M 31.03.2016

SALES RECONCILIATION AS PER IND AS & I-GAAP

(Rs. in lacs)

We expect a better performance in Q4. However, we are revising our topline

guidance from 6-8% to 1-2% for FY 2017.

Demonetisation has had a strong negative impact on our performance during

this quarter. Our topline fell by 14% overall. Impact on Plywood business was
much lower at 6% (the balance 3% impact on plywood topline was due to end
of excise exemption at the Rudrapur Plywood Unit) whereas it had a negative
impact of 26% on MDF topline. However, we were able to maintain our Gross
Margins and Working Capital days during the quarter.

Commenting on the performance for Q3 FY2017, Mr. Shobhan Mittal, Joint

Managing Director and CEO, Greenply Industries Ltd. said,

Joint Managing Directors Message

 Plantation of fast growing and improved species of clonal

plantations to improve quality of wood availability and
plywood manufactured

MDF 99% utilization; to undertake greenfield expansion

in Andhra Pradesh over FY16-19 to cater to future
demand

Plywood 101% utilization; further demand to be catered

through outsourcing

STRONG
RETURN
RATIOS

Pre-tax ROCE of 23.1% and Post-tax ROCE and ROE of

18.4% and 21.4% in FY16

Setting up of a manufacturing unit for veneer, lumber and

panel products in Gabon SEZ in West Africa

RAW MATERIAL Backward integration through 50% JV in Myanmar for

SUSTAINABILITY
production of face veneers

CAPACITY
UTILIZATION

COMPANY OVERVIEW

FINANCIAL
PERFORMANCE

PRODUCTION
MODEL

Net Sales, EBIDTA and PBT CAGR of 11.6%, 20.8%

and 42.3% respectively over FY12-16

MDF 100% in-house

Plywood 70% in-house, moving towards an asset

light set-up by increasing proportion of outsourcing

MANUFACTURING
FACILITIES

STRONG
BRAND
PRESENCE
BUILT OVER
30 YEARS

BUSINESS
SEGMENTS

1 facility for MDF largest in the country

4 stateof-the-art manufacturing facilities for Plywood

Large investments in advertisements and promotional

activities over the years

Largest pan-India player with 26% share of organized

plywood market; 30% share of domestic MDF market

Demerged the Decorative Business listed as separate

entity

Wood based products - Plywood and allied products,

Medium Density Fibreboards (MDF)

COMPANY OVERVIEW

WELL
ENTRANCHED
DISTRIBUTION
NETWORK

STRONG
INDUSTRY
POTENTIAL

MDF 4,000

Serviced by 29 branches for ply and 14 branches for

MDF pan-India

and retailers

MDF 600

Plywood 1,170

Plywood 6,000

Distributors/stockists

Strong demand drivers rising residential/

commercial construction, increasing urbanization,
high disposable incomes, GST Implementation and
Government Announcement regarding construction
of 100 smart cities

MDF industry size Rs. 16 billion

Plywood industry size Rs. 180 billion

 Continued investments in increasing

brand visibility pan-India
Maintain Ad spends at around 3% of Net
Sales

To improve mix of plywood through

increase in mix of value-added products
like Green Defender, Green Gold Prima
and Natural Veneers
To increase ratio of value-added
products in MDF like Exterior grade
MDF, Pre-Laminated MDF and
Laminated Flooring / Veneer flooring

Rising demand from the real estate

sector
Increasing urbanisation, higher
disposable incomes and a growing
middle class

Upgrading IT infrastructure
implemented SAP Hana to strengthen
overall supply chain
Implemented Microsoft CRM Module

To increase the number of distributors

and retailers going forward

Expect a 1-2% growth in FY17

Margins expected to improve by 50-70
bps in FY17 driven by better product mix
and cost control

Optimise utilisation in existing facilities

Increase outsourcing proportion to 30% from 22% presently over the next 3 years

MDF - Setting up of a new plant in Andhra Pradesh over FY16-19

Plywood

EXPANSION PLANS

IT INITIATIVES

DISTRIBUTION NETWORK

FINANCIAL PERFORMANCE

Rollout of GST to facilitate faster shift

from unorganised to branded products
in the plywood space

ADVERTISING & PROMOTIONAL SPENDS

PRODUCT PROFILE

INDUSTRY DRIVERS

GROWTH OUTLOOK

ANNEXURE

32.40

Total Capacity

Largest facility in India

1,80,000

11.40

Bamanbore, Gujarat

Pantnagar, Uttarakhand

10.50

Pantnagar, Uttarakhand

Capacity
(cum)

6.00

Kriparampur, West Bengal

Location

4.50

Capacity
(mn sqm.)

Tizit, Nagaland

Location

Facilities

Expansion to take place over FY16-FY19

To undertake greenfield expansion in Andhra Pradesh

abundance of plantation wood

100% in-house

Quality Team on vendors site to monitor quality of inputs

and ensure consistent quality of finished product

Mid-segment variants to be outsourced freeing existing

capacities for premium variants

Asset light model generating higher ROCEs

To increase proportion of outsourcing to 30% (in value terms)

from 22% currently over next 3 years

70% in-house, 30% outsourced in volume terms

Production Model

MANUFACTURING FACILITIES / PRODUCTION MODEL

PLYWOOD

MDF

FY12

118

FY12

1,059

FY13

180

FY13

1,314

FY14

183

EBITDA
A

FY14

1,390

NET SALES

FY15

201

FY15

1,561

FY16

251

FY16

1,646

FY12

42

FY12

427

FY13

110

FY13

538

FY14

104

PBT

FY14

560

FY15

139

FY15

651

GROSS PROFIT

STRONG PERFORMANCE TRACK RECORD

FY16

173

FY16

725

157,948
153,426
88%
24,386

116,898
116,622
65%
20,898

FY13
374.18
21.6%
17.5%
180,000

FY12

Particulars

940.17
10.6%
8.9%
32.4
34.28
41.54
106%
215

FY13

243.72
15.4%
9.0%
180,000

815.58
9.8%
7.2%
28.35
32.14
38.02
113%
203

Net sales (Rs. crore)

EBITDA margin (%)
EBIT margin (%)
Annual capacity (million sqm.)
Production (million sqm.)
Sales volume (million sqm.)
Utilisation (%)
Average realisation (Rs./sqm.)

Net sales (Rs. crore)

EBITDA margin (%)
EBIT margin (%)
Annual capacity (cubic metre)
Production (cubic metre)
Sales volume (cubic metre)
Utilisation (%)
Average realisation (Rs./cum.)

FY12

Particulars

136,723
137,932
76%
25,552

352.72
21.6%
17.0%
180,000

FY14

1,037.30
10.3%
7.9%
32.4
34.68
44.51
107%
222

FY14

FY15

161,229
161,424
90%
25,238

408.51
23.3%
18.5%
180,000

FY15

1,152.07
9.1%
6.8%
32.4
33.08
46.11
102%
241

SEGMENT-WISE PERFORMANCE

Plywood

MDF

177,382
177,953
99%
26719

476.08
29.0%
24.7%
180,000

FY16

1,165.36
9.7%
7.3%
32.4
32.60
48.25
101%
237

FY16

6.3%

11.0%
11.1%
-

18.2%
-

CAGR

0.4%
6.1%
3.9%

9.3%
-

CAGR

OUR BRANDS

V.Venkatramani Chief Financial Officer

Greenply Industries Limited
Madgul Lounge,
23, Chetla Central Road, 6th Floor, Kolkata 700 027
Tel: +91 33 3051 5000
Email : venkat.corp@greenply.com

For further information, please contact:

Gavin Desa / Rabindra Basu
CDR, India
Tel: +91 22 6645 1237 / 1248
Email: gavin@cdr-india.com / rabindra@cdr-india.com

GIL is the preferred partner of choice for a large number of office and home builders having a comprehensive product portfolio servicing
clients at every point of the price spectrum under brand names of Greenply Plywood, Green Club Premium Ply, Optima Red, Ecotec, Green
Panelmax and Green Floormax, to name a few.

GIL has four stateof-the-art manufacturing facilities for Plywood and one facility for MDF spread across the country producing world
class interior products for the domestic and global markets. The company has a presence in over 300 cities across 21 states serviced
through a well-entrenched distribution network of 1,800 distributors and 10,000 retailers and 48 branches pan-India.

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.

ABOUT GREENPLY INDUSTRIES LIMITED