Century Plyboards (india) Ltd. · NSE:CENTURYPLY
Century Plyboards (india) — Q2 FY2021 Earnings Presentation
29 slides from Century Plyboards (india)'s earnings presentation, Nov 10, 2020
Slide 1: Exchange filing cover letter
Date: 10th November, 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 Sir/ Madam Sub: Investor Presentation In terms of SEBI (List
Slide 2: Financial Results Update for the Quarter and Half Year ended 30th September 2020
Financial Results Update for the Quarter AND HALF YEAR ended 30TH SEPTEMBER, 2020
Slide 3: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Century Plyboards (India) Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for
Slide 4: Contents
Contents Topics Page No. Key Highlights 1 Balance Sheet 2 Key Ratios 3 Working Capital Cycle 4 Profit & Loss - Summary 5-6 Plywood - Volumes & Financials 7-8 Laminates - Volumes & Financials 9 - 10 MDF - Volumes & Financials 11 - 12 Particle Board - Volumes & Financials 13 - 14 Logistics (CFS) - Vol
Slide 5: Key Highlights
KEY HIGHLIGHTS Results for Q1 were adversely impacted due to the COVID-19 pandemic and consequent nationwide lockdowns. However as informed in Q1 call we looked Q2 with optimism. The recovery in Q2 was better, faster and swifter than what we expected. Blended Revenue for Q2 is almost 88% of revenue
Slide 6: Balance Sheet
BALANCE SHEET Rs. Crores PARTICULARS 2016 2017 2018 2019 2020 As on 30.06.20 As on 30.09.20 Net Worth (Including Share Capital -22.25 Cr) 525.05 708.63 837.95 969.12 1,073.38 1,064.80 1,115.23 Debt - Long Term Debt (Excl Current Maturities) - FCY 38.61 78.74 96.44 72.29 51.50 44.85 37.12 - Long Term
Slide 7: Key Ratios
KEY RATIOS KEY RATIOS 2015-16 2016-17 2017-18 2018-19 2019-20 Q1 FY 21 Q2 FY 21 Return on Avg Equity (ROAE) (%) 37.21% 30.08% 20.26% 17.58% 15.49% -3.17% 18.87% Return on Avg Capital Employed (ROACE) (%) 26.34% 22.89% 17.21% 17.88% 17.60% -2.61% 21.55% Total Outside Liabilities to Net Worth (TOL/TNW
Slide 8: Working Capital Cycle
WORKING CAPITAL CYCLE RATIOS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 Q1 FY 21 Q2 FY 21 Net Sales for the Period In Rs Cr 1,635.69 1,782.46 1,967.22 2,263.83 2,282.68 200.68 519.82 Debtor In Rs Cr 286.76 335.27 314.46 293.55 258.16 219.30 245.75 Annualized Debtor Days (A) 64 69 58 47 41 100 43 N
Slide 9: Profit & Loss - Summary
PROFIT & LOSS - SUMMARY Annual Growth % Quarter Growth % Half Year Growth% SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 Vs 17 17 vs 18 18 vs 19 19 vs 20 Jun '20 Sep '20 Sep '19 QoQ YoY Sep '20 Sep '19 H1 to H1 A1 NET TURNOVER In Rs Cr 1,624.10 1,773.14 1,953.11 2,247.62 2,270.24 9.
Slide 10: Profit & Loss - Summary (continued)
PROFIT & LOSS – SUMMARY-cont. Annual Growth % Quarter Growth % Half Year Growth% SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 Vs 17 17 vs 18 18 vs 19 19 vs 20 Jun '20 Sep '20 Sep '19 QoQ YoY Sep '20 Sep '19 H1 to H1 J1 EBIT (E1 - I) In Rs Cr 246.27 262.33 231.69 256.44 247.63 6.5%
Slide 11: Plywood - Volume Details
PLYWOOD – VOLUME DETAILS Annual Growth % Quarter Growth % Half Year Growth% SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Jun '20 Sep '20 Sep '19 QoQ YoY Sep '20 Sep '19 H1 to H1 A VOLUME A1 -Plywood CBM 1,89,117 1,97,474 2,08,382 2,20,442 2,20,813 4
Slide 12: Plywood - Financial Details
PLYWOOD – FINANCIAL DETAILS Annual Growth % Quarter Growth % Half Year Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Jun '20 Sep '20 Sep '19 QoQ YoY Sep '20 Sep '19 H1 to H1 A1 NET TURNOVER In Rs Cr 1,173.51 1,260.93 1,263.30 1,273.39 1,230.
Slide 13: Laminates - Volume Details
LAMINATES – VOLUME DETAILS Annual Growth % Quarter Growth % Half Year Growth% SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Jun '20 Sep '20 Sep '19 QoQ YoY Sep '20 Sep '19 H1 to H1 A VOLUME A1 - Laminates NOS. 42,60,499 49,25,024 54,06,918 58,58,029
Slide 14: Laminates - Financial Details
LAMINATES – FINANCIAL DETAILS Annual Growth % Quarter Growth % Half Year Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Jun '20 Sep '20 Sep '19 QoQ YoY Sep '20 Sep '19 H1 to H1 A1 Net Turnover In Rs Cr 335.30 363.57 369.95 432.19 454.58 8.4%
Slide 15: MDF - Volume Details
MDF – VOLUME DETAILS Annual Growth % Quarter Growth % Half Year Growth% SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 VS 19 19 VS 20 Jun '20 Sep '20 Sep '19 QoQ YoY Sep '20 Sep '19 H1 to H1 A VOLUME A1 PLAIN MDF CBM - - 48,307 1,15,563 1,30,989 - - 139.2% 13.3% 9,9
Slide 16: MDF - Financial Details
MDF – FINANCIAL DETAILS Annual Growth % Quarter Growth % Half Year Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Jun '20 Sep '20 Sep '19 QoQ YoY Sep '20 Sep '19 H1 to H1 A1 NET REVENUE - External Sales In Rs Cr - - 112.80 295.13 350.38 - - 1
Slide 17: Particle Board - Volume Details
PARTICLE BOARD – VOLUME DETAILS Annual Growth % Quarter Growth % Half Year Growth% SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 15 Vs 16 16 vs 17 17 vs 18 18 vs 19 Jun '20 Sep '20 Sep '19 QoQ YoY Sep '20 Sep '19 H1 to H1 A VOLUME A1 PLAIN PARTICLE BOARD CBM - 13,141 23,808 25,916 28,3
Slide 18: Particle Board - Financial Details
PARTICLE BOARD – FINANCIAL DETAILS Annual Growth % Quarter Growth % Half Year Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Jun '20 Sep '20 Sep '19 QoQ YoY Sep '20 Sep '19 H1 to H1 A1 NET REVENUE - EXTERNAL SALES In Rs Cr - 23.13 72.93 97.47
Slide 19: Logistics (CFS) - Volume Details
LOGISTICS (CFS) – VOLUME DETAILS Annual Growth % Quarter Growth % Half Year Growth% SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Jun '20 Sep '20 Sep '19 QoQ YoY Sep '20 Sep '19 H1 to H1 A VOLUME A1 - CFS TEUs 82,057 80,153 80,936 69,055 59,904 -2.3%
Slide 20: Logistics (CFS) - Financial Details
LOGISTICS (CFS) – FINANCIAL DETAILS Annual Growth % Quarter Growth % Half Year Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Jun '20 Sep '20 Sep '19 QoQ YoY Sep '20 Sep '19 H1 to H1 A1 Net Turnover In Rs Cr 83.73 87.61 99.32 99.18 86.26 4.6%
Slide 21: Others - Financial Details
OTHERS – FINANCIAL DETAILS Annual Growth % Quarter Growth % Half Year Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Jun '20 Sep '20 Sep '19 QoQ YoY Sep '20 Sep '19 H1 to H1 A1 Net Turnover In Rs Cr 54.29 41.17 34.79 50.24 48.92 -24.2% -15.5%
Slide 22: Capex Details
CAPEX DETAILS Rs. Crores Budgeted 2014-15 to Estimated Particulars 2018-19 2019-20 H1 2020-21 Total Cost 2017-18 H2 2020-21 MDF 380.00 335.62 13.65 4.82 1.04 - 355.13 Plywood at Punjab * 64.00 - - - - - Particle Board 67.73 60.53 - - - 60.53 Laminate 62.50 48.05 15.62 9.72 10.60 - 83.99 Gabon - Vene
Slide 23: Term Loan Projection
TERM LOAN PROJECTION Rs. Crores PARTICULARS 2015-16 2016-17 2017-18 2018-19 2019-20 H1 FY 20 H2 FY 20 2021-22 2022-23 2023-24 OPENING - ECB 55.86 61.03 97.88 118.15 102.81 78.67 63.71 47.96 26.96 5.96 - Buyer's Credit - PB & Others - - 9.60 11.61 - - - - - - - Buyer's Credit - MDF - - 73.67 82.12 41
Slide 24: Fund Flow Statement
FUND FLOW STATEMENT Rs. Crores SUMMARY FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Q1FY21 Q2FY21 OPENING CASH/CASH EQUIVALENT 17.03 19.04 53.84 16.51 22.61 21.22 39.76 ADD: OPERATIONAL CASH INFLOW / (OUTFLOW) 220.40 210.82 158.11 260.02 212.28 26.07 -5.88 LESS: DIVIDEND PAYMENTS 60.09 0.00 26.74 26.74 5
Slide 25: Fund Flow Statement - continued
FUND FLOW STATEMENT - continued Rs. Crores LONG TERM CASH FLOW FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Q1FY21 Q2FY21 INFLOWS Long Term Borrowings - Rupee Term Loan & Finance Lease 5.38 65.34 20.50 4.27 0.00 0.00 0.09 - Foreign Currency Loan 23.08 66.56 38.98 0.00 0.00 0.00 0.00 - Buyers Credit 10.66
Slide 26: Forex Exposure
FOREX EXPOSURE 30.09.20 vs 30.06.20 2019 vs 2020 PARTICULARS 31.03.2016 31.03.2017 31.03.2018 31.03.2019 31.03.2020 30.06.2020 30.09.2020 Diff Diff % Diff Diff % AVERAGE FOREX BOOKING RATES @ Rs. - USD 64.17 67.61 64.96 64.04 72.94 77.20 77.86 0.66 1% 8.90 14% - EURO 71.99 74.48 75.26 81.73 80.61 84
Slide 27: Summary - Consolidated Financials - Q2FY21
SUMMARY – CONSOLIDATED FINANCIALS – Q2FY21 SUBSIDIARIES Ara,Arha Ara, Century Consoli- Century Ply Auro Century Century Century Particulars Auro - Singapor m, Arham, Century Infotech Century Gabon & dated Standalone Sundara Singapor Myanma Myanma NCI e NCI Apnapan Adonis, Infotech NCI MDF Century To
Slide 28: Summary - Consolidated Financials - H1FY21
SUMMARY – CONSOLIDATED FINANCIALS – H1FY21 SUBSIDIARIES Ara,Arha Ara, Century Consoli- Century Ply Auro Century Century Century Particulars Auro - Singapor m, Arham, Century Infotech Century Gabon & dated Standalone Sundara Singapor Myanma Myanma NCI e NCI Apnapan Adonis, Infotech NCI MDF Century To
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) — Q2 FY2021 Earnings Presentation on 6ix