Century Plyboards (india) Ltd. · NSE:CENTURYPLY
Century Plyboards (india) — Q3 FY2020 Earnings Presentation
29 slides from Century Plyboards (india)'s earnings presentation, Feb 3, 2020
Slide 1: Exchange filing cover letter – Investor Presentation
February 03, 2020 BSE Ltd. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Dalal Street Bandra (E) Mumbai- 400 001 Mumbai- 400 051 Scrip Code: 532548 Scrip Name- Centuryply Dear Sirs Re: Investor Presentation In terms of SEBI (Listing Obligations
Slide 2: Financial Results Update for the Quarter and Nine Months ended 31 December 2019
Financial Results Update for the Quarter AND NINE MONTHS ended st 31 DECEMBER, 2019
Slide 3: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Century Plyboards (I) Ltd. (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 Topics Page No. Key Highlights 1- 3 Balance Sheet 4 Key Ratios 5 Working Capital Cycle 6 Profit & Loss Summary 7-8 Plywood - Volumes & Financials 9 - 10 Laminates - Volumes & Financials 11 - 12 MDF - Volumes & Financials 13 - 14 Particle Board - Volumes & Financials 15 - 16 Logistics - Volu
Slide 5: Key Highlights
KEY HIGHLIGHTS OVERALL In view of continuing closure of Laos units, company’s subsidiaries at Laos has taken impairment in value of its assets to the tune of Rs. 63.81 Cr, which is reflected in consolidated financial results of the company. However, after taking out share of impairment relating to o
Slide 6: Key Highlights - continued
KEY HIGHLIGHTS - continued PLYWOOD Overall YOY value growth in Plywood segment was 3%. Value growth in core plywood was 9% but there was 8% de-growth in Deco Ply and 45% in Commercial Veneer. While we are confident of achieving back growth in Deco Ply, the growth in commercial veneer will depend upo
Slide 7: Key Highlights - continued
KEY HIGHLIGHTS - continued PARTICLE BOARD On YOY basis there was slight de-growth (6%) for the current quarter in Particle Board segment. The growth for current nine months was 4% compared to nine months last year. The current quarter de-growth was on account of some technical issues with pre-lamina
Slide 8: Balance Sheet
BALANCE SHEET Rs. Crores PARTICULARS 2014 2015 2016 2017 2018 2019 As on 30.06.19 As on 30.09.19 As on 31.12.19 Net Worth (Including Share Capital -22.25 Cr) 291.41 387.58 525.05 708.63 837.95 969.12 1,017.26 1,041.06 1,059.37 Debt - Long Term Debt (Excl Current Maturities) - FCY 53.64 35.68 38.61 7
Slide 9: Key Ratios
KEY RATIOS KEY RATIOS 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 Q1FY20 Q2FY20 Q3FY20 Return on Avg Equity (ROAE) (%) 24.74% 44.42% 37.21% 30.08% 20.26% 17.58% 19.39% 20.27% 7.27% Return on Avg Capital Employed (ROACE) (%) 16.59% 26.68% 26.34% 22.89% 17.21% 17.88% 20.70% 22.73% 8.98% Total Outs
Slide 10: Working Capital Cycle
WORKING CAPITAL CYCLE RATIOS UNIT 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 Q1FY20 Q2FY20 Q3FY20 Net Sales for the Period In Rs Cr 1,283.97 1,564.81 1,635.69 1,782.46 1,967.22 2,263.83 573.71 589.35 595.42 Debtor In Rs Cr 204.63 268.14 286.76 335.27 314.46 293.55 305.51 307.15 299.47 Annualize
Slide 11: Profit & Loss - Summary
PROFIT & LOSS - SUMMARY Annual Growth % Quarter Growth % 9 Months Growth% Sl PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 Vs 16 16 Vs 17 17 vs 18 18 vs 19 Sep '19 Dec '19 Dec '18 QoQ YoY Dec '19 Dec '18 9M to 9M A1 NET TURNOVER In Rs Cr 1,552.47 1,624.10 1,773.14 1,953.11 2,247.62 5%
Slide 12: Profit & Loss - Summary continued
PROFIT & LOSS – SUMMARY-cont. Annual Growth % Quarter Growth % 9 Months Growth% Sl PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 Vs 16 16 Vs 17 17 vs 18 18 vs 19 Sep '19 Dec '19 Dec '18 QoQ YoY Dec '19 Dec '18 9M to 9M J1 EBIT (E1 - I) In Rs Cr 223.09 246.27 262.33 231.69 256.44 10% 7%
Slide 13: Plywood – Volume Details
PLYWOOD – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 vs 16 16 vs 17 17 vs 18 18 vs 19 Sep '19 Dec '19 Dec '18 QoQ YoY Dec '19 Dec '18 9M to 9M A VOLUME A1 -Plywood CBM 1,92,249 1,89,117 1,97,474 2,08,382 2,20,442 -2
Slide 14: Plywood – Financial Details
PLYWOOD – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 Vs 16 16 vs 17 17 vs 18 18 vs 19 Sep '19 Dec '19 Dec '18 QoQ YoY Dec '19 Dec '18 9M to 9M A1 NET TURNOVER In Rs Cr 1,147.08 1,173.51 1,260.93 1,263.30 1,273.3
Slide 15: Laminates – Volume Details
LAMINATES – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 vs 16 16 vs 17 17 vs 18 18 vs 19 Sep '19 Dec '19 Dec '18 QoQ YoY Dec '19 Dec '18 9M to 9M A VOLUME A1 - Laminates NOS. 36,00,682 42,60,499 49,25,024 54,06,918 5
Slide 16: Laminates – Financial Details
LAMINATES – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 Vs 16 16 vs 17 17 vs 18 18 vs 19 Sep '19 Dec '19 Dec '18 QoQ YoY Dec '19 Dec '18 9M to 9M A1 NET TURNOVER In Rs Cr 293.54 335.30 363.57 369.95 432.19 14% 8%
Slide 17: MDF – Volume Details
MDF – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 Vs 16 16 vs 17 17 vs 18 18 VS 19 Sep '19 Dec '19 Dec '18 QoQ YoY Dec '19 Dec '18 9M to 9M A VOLUME A1 PLAIN MDF CBM - - - 48,307 1,15,563 - - - 139% 27,967 35,807 35,
Slide 18: MDF – Financial Details
MDF – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 Vs 16 16 vs 17 17 vs 18 18 vs 19 Sep '19 Dec '19 Dec '18 QoQ YoY Dec '19 Dec '18 9M to 9M A1 NET REVENUE - EXTERNAL SALES In Rs Cr - - - 112.80 295.13 - - - 162%
Slide 19: Particle Board – Volume Details
PARTICLE BOARD – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 Vs 16 16 vs 17 17 vs 18 18 vs 19 Sep '19 Dec '19 Dec '18 QoQ YoY Dec '19 Dec '18 9M to 9M A VOLUME A1 PLAIN PARTICLE BOARD CBM - - 13,141 23,808 25,916 - -
Slide 20: Particle Board – Financial Details
PARTICLE BOARD – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 Vs 16 16 vs 17 17 vs 18 18 vs 19 Sep '19 Dec '19 Dec '18 QoQ YoY Dec '19 Dec '18 9M to 9M A1 NET REVENUE - EXTERNAL SALES In Rs Cr - - 16.48 26.32 28.4
Slide 21: Logistics (CFS) – Volume Details
LOGISTICS (CFS) – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2018-19 15 Vs 16 16 vs 17 17 vs 18 18 vs 19 Sep '19 Dec '19 Dec '18 2014-15 2015-16 2016-17 2017-18 QoQ YoY Dec '19 Dec '18 9M to 9M A VOLUME A1 - CFS TEUs 72,508 82,057 80,153 80,936 69,055 13% -2
Slide 22: Logistics (CFS) – Financial Details
LOGISTICS (CFS) – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 Vs 16 16 vs 17 17 vs 18 18 vs 19 Sep '19 Dec '19 Dec '18 QoQ YoY Dec '19 Dec '18 9M to 9M A1 NET TURNOVER (EXCLUDING INTER-SEGMENT) In Rs Cr 70.28 83.
Slide 23: Others – Financial Details
OTHERS – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 Vs 16 16 vs 17 17 VS 18 18 VS 19 Sep '19 Dec '19 Dec '18 QoQ YoY Dec '19 Dec '18 9M to 9M A1 NET TURNOVER (EXCLUDING INTER-SEGMENT) In Rs Cr 41.57 54.29 41.17
Slide 24: Capex Details
CAPEX DETAILS Rs. Crores Budgeted 2014-15 to Estimated Particulars 2018-19 9M FY-20 Total Cost 2017-18 Q4 FY 19-20 MDF 380.00 335.62 13.65 4.31 - 353.58 Plywood at Punjab * 64.00 - - - - Particle Board 67.73 60.53 - - 60.53 Laminate 62.50 48.05 15.62 6.03 - 69.70 Gabon - Veneer Unit 30.00 - 5.89 10.
Slide 25: Term Loan Projection
TERM LOAN PROJECTION Rs. Crores PARTICULARS 2015-16 2016-17 2017-18 2018-19 9M FY-20 Q4 FY 20 2020-21 2021-22 2022-23 OPENING - ECB 55.86 61.03 97.88 118.15 102.81 81.59 73.97 49.32 24.66 - Buyer's Credit - PB & Others - - 9.60 11.61 - - - - - - Buyer's Credit - MDF - - 73.67 82.12 41.09 - - - - - R
Slide 26: Fund Flow Summary
FUND FLOW SUMMARY Rs. Crores SUMMARY FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 9MFY20 OPENING CASH/CASH EQUIALENT 79.74 18.04 17.03 19.04 53.84 16.51 22.61 ADD OPERATIONAL CASH INFLOW 36.62 160.89 220.40 210.82 158.11 260.02 237.81 LESS DIVIDEND PAYMENTS 5.72 45.96 60.09 0.00 26.74 26.74 26.78
Slide 27: Fund Flow Summary - contd.
FUND FLOW SUMMARY-contd. Rs. Crores LONG TERM CASH FLOW FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Q3 FY20 INFLOWS Long Term Borrowings - Rupee Term Loan & Finance Lease 0.00 7.14 5.38 65.34 20.50 4.27 0.00 - Foreign Currency Loan 0.00 0.00 23.08 66.56 38.98 0.00 0.02 - Buyers Credit 2.62 0.00
Slide 28: Forex Exposure
FOREX EXPOSURE 31.12.19 vs 30.09.19 2018 vs 2019 PARTICULARS 31.03.2015 31.03.2016 31.03.17 31.03.18 31.03.19 30.06.2019 30.09.2019 31.12.2019 Diff Diff % Diff Diff % AVERAGE FOREX BOOKING RATES @ Rs. - USD 61.79 64.17 67.61 64.96 64.04 70.11 70.95 72.10 1.15 2% (0.92) -1% - EURO 77.49 71.99 74.48 7
Slide 29: Thank You
Thank You For Further Information please contact : Abhishek Rathi +91 33 3041 4522 +91 98300 40887 abhishek.rathi@centuryply.com
Century Plyboards (India) — Q3 FY2020 Earnings Presentation on 6ix