Century Plyboards (india) Ltd. · NSE:CENTURYPLY
Century Plyboards (india) — Q3 FY2024 Earnings Presentation
31 slides from Century Plyboards (india)'s earnings presentation, Feb 3, 2024
Slide 1: Exchange filing cover letter
Date: 3rd February, 2024 BSE Ltd. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Bandra (E) Dalal Street Mumbai- 400 051 Mumbai- 400 001 Scrip Name- Centuryply Scrip Code: 532548 Dear Sir/ Madam Sub: Investor Presentation In terms of SEBI (Listi
Slide 2: Financial Results Update for the Quarter ended 31st December, 2023
Financial Results Update for the Quarter ended 31st December, 2023
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 1-3 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 (CFS)
Slide 5: Key Highlights
KEY HIGHLIGHTS The demand for our products is co-related to occupancy of new housing units. As our products are used for doing interior of house, the demand for our products come only when apartment is ready for occupation. Any real estate project depending on its size has a time horizon ranging fro
Slide 6: Key Highlights - Continued
KEY HIGHLIGHTS - Continued On overall basis the industry is facing increasing trend in raw-material cost which cannot be passed on in view of sluggish demand so profitability will remain moderate. Overall top line for Q3 on year on year basis was up from Rs 872.94 crores to Rs 929.89 crores higher b
Slide 7: Key Highlights - Continued
KEY HIGHLIGHTS - Continued As Q3 is period of festivals when carpenters go home and people are engaged in festivals, the working days on interior sites are reduced and sale is reduced. However such loss of sale is compensated with increased demand in Q4. We historically have Q4 better than Q3. Both
Slide 8: Balance Sheet
BALANCE SHEET ₹ Crores PARTICULARS 2019 2020 2021 2022 2023 As on 30.06.23 As on 30.09.23 As on 31.12.23 Net Worth (Including Share Capital - 22.25 Cr) 969.12 1,073.38 1,264.88 1,564.87 1,897.97 1,981.97 2,048.16 2,111.76 Debt - Long Term Debt (Excl Current Maturities) - FCY 72.29 51.50 23.73 - - -
Slide 9: Key Ratios
KEY RATIOS KEY RATIOS 2018-19 2019-20 2020-21 2021-22 2022-23 As on 31-12-23 Return on Avg Equity (ROAE) (%) 17.58% 15.49% 16.43% 22.99% 21.19% 20.05% Return on Avg Capital Employed (ROACE) (%) 17.88% 17.60% 20.00% 31.07% 25.97% 23.75% Total Outside Liabilities to Net Worth (TOL/TNW) 0.82 0.52 0.41
Slide 10: Working Capital Cycle
WORKING CAPITAL CYCLE RATIOS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 As on 31-12-23 Net Sales for the Period In Rs Cr 2,263.83 2,282.68 2,113.48 3,000.88 3,620.65 934.32 Debtor In Rs Cr 293.55 258.16 297.01 348.87 384.68 385.08 Annualized Debtor Days (A) 47.33 41.28 51.29 42.43 38.78 37.61 Net
Slide 11: Profit & Loss - Summary
PROFIT & LOSS - SUMMARY Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Sep'23 Dec'23 Dec'22 QoQ YoY Dec'23 Dec'22 9M to 9M A1 NET TURNOVER In Rs Cr 2,247.62 2,270.24 2,103.13 2,982.97 3,606.43 1.0% -7.
Slide 12: Profit & Loss - Summary - continued
PROFIT & LOSS – SUMMARY - continued Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Sep'23 Dec'23 Dec'22 QoQ YoY Dec'23 Dec'22 9M to 9M I1 EBIT (E1 - H) In Rs Cr 256.44 247.63 271.62 489.80 509.46 -3.4%
Slide 13: Plywood - Volume Details
PLYWOOD – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Sep'23 Dec'23 Dec'22 QoQ YoY Dec'23 Dec'22 9M to 9M A VOLUME A1 -Plywood CBM 2,20,442 2,20,813 2,07,665 2,81,040 3,44,028 0.2% -6
Slide 14: Plywood - Financial Details
PLYWOOD – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Sep'23 Dec'23 Dec'22 QoQ YoY Dec'23 Dec'22 9M to 9M A1 NET TURNOVER In Rs Cr 1,273.39 1,230.99 1,120.12 1,579.32 2,006.91 -3.3
Slide 15: Laminates - Volume Details
LAMINATES – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Sep'23 Dec'23 Dec'22 QoQ YoY Dec'23 Dec'22 9M to 9M A VOLUME A1 - Laminates NOS. 58,58,029 61,61,428 54,87,222 67,06,596 71,50,
Slide 16: Laminates - Financial Details
LAMINATES – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2018-19 2019-20 2020-212021-22 2022-23* 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Sep'23 Dec'23 Dec'22 QoQ YoY Dec'23 Dec'22 9M to 9M A1 Net Turnover In Rs Cr 432.19 454.58 407.96 567.06 651.26 5.2% -10.3%
Slide 17: MDF - Volume Details
MDF – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 VS 20 20 vs 21 21 vs 22 22 vs 23 Sep'23 Dec'23 Dec'22 QoQ YoY Dec'23 Dec'22 9M to 9M A VOLUME A1 PLAIN MDF CBM 1,15,563 1,30,989 1,21,617 1,40,846 1,42,915 13.3% -7.2
Slide 18: MDF - Financial Details
MDF – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Sep'23 Dec'23 Dec'22 QoQ YoY Dec'23 Dec'22 9M to 9M A1 NET REVENUE - External Sales In Rs Cr 295.13 350.38 359.24 555.43 637.61 18
Slide 19: Particle Board - Volume Details
PARTICLE BOARD – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Sep'23 Dec'23 Dec'22 QoQ YoY Dec'23 Dec'22 9M to 9M A VOLUME A1 PLAIN PARTICLE BOARD CBM 25,916 28,340 23,680 22,154 15,77
Slide 20: Particle Board - Financial Details
PARTICLE BOARD – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Sep'23 Dec'23 Dec'22 QoQ YoY Dec'23 Dec'22 9M to 9M A1 NET REVENUE - EXTERNAL SALES In Rs Cr 97.47 99.11 90.08 150.55 1
Slide 21: Logistics (CFS) - Volume Details
LOGISTICS (CFS) – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Sep'23 Dec'23 Dec'22 QoQ YoY Dec'23 Dec'22 9M to 9M A VOLUME A1 - CFS TEUs 69,055 59,904 53,356 54,482 50,013 -13.3% -10.
Slide 22: Logistics (CFS) - Financial Details
LOGISTICS (CFS) – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Sep'23 Dec'23 Dec'22 QoQ YoY Dec'23 Dec'22 9M to 9M A1 Net Turnover In Rs Cr 99.18 86.26 82.26 77.52 80.85 -13.0% -4.6
Slide 23: Others - Financial Details
OTHERS – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Sep'23 Dec'23 Dec'22 QoQ YoY Dec'23 Dec'22 9M to 9M A1 Net Turnover In Rs Cr 50.24 48.92 43.47 53.08 55.80 -2.6% -11.1% 22.1% 5
Slide 24: Capex Details
CAPEX DETAILS ₹ Crores 2014-15 to Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 9MFY24 4QFY24 2024-25 Total 2017-18 MDF - Hoshiarpur Plant 335.62 13.65 4.82 1.42 - - - - - 355.51 MDF - Expansion at Hoshiarpur - - - 15.74 129.84 109.62 6.06 - 8.99 270.25 MDF - Greenfield at Andhra Pradesh * - -
Slide 25: Term Loan Projection
TERM LOAN PROJECTION ₹ Crores PARTICULARS 2018-19 2019-20 2020-21 2021-22 2022-23 H1FY24 9MFY24 2024-25 OPENING - ECB 118.15 102.81 78.67 50.21 24.47 - - - - Buyer's Credit - PB & Others 11.61 - - - - - - - Buyer's Credit - MDF 82.12 41.09 - - 55.81 72.95 81.48 81.48 - Buyer's Credit - PB Chennai -
Slide 26: Fund Flow Statement
FUND FLOW STATEMENT ₹ Crores SUMMARY FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Q1FY 2024 Q2FY 2024 H1FY 2024 Q3FY 2024 OPENING CASH/CASH EQUIALENT 53.84 16.51 22.61 21.22 186.01 249.27 259.64 67.72 259.64 22.55 ADD OPERATIONAL CASH INFLOW/ (OUTFLOW) 158.11 260.02 212.28 244.75 242.60 407.89 -1
Slide 27: Fund Flow Statement - continued
FUND FLOW STATEMENT - continued ₹ Crores LONG TERM CASH FLOW FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Q1FY 2024 Q2FY 2024 H1FY 2024 Q3FY 2024 INFLOWS Long Term Borrowings - Rupee Term Loan & Finance Lease 20.50 4.27 0.00 0.00 0.00 0.00 0.00 0.15 0.11 -0.04 - Foreign Currency Loan 38.98 0.00 0
Slide 28: Forex Exposure
FOREX EXPOSURE 31.12.23 vs 30.09.23 PARTICULARS 31.03.2019 31.03.2020 31.03.2021 31.03.2022 30.06.2022 30.09.2022 31.12.2022 31.03.2023 30.06.2023 30.09.2023 31.12.2023 Diff Diff % AVERAGE FOREX BOOKING RATES @ Rs. - USD 64.04 72.94 71.26 75.14 76.33 77.28 77.14 78.33 82.72 82.83 83.21 0.38 0.5% - E
Slide 29: Summary - Consolidated Financials - 3QFY24
SUMMARY – CONSOLIDATED FINANCIALS – 3QFY24 SUBSIDIARIES Century Ply Ara,Arham, Ara, Arham, Century Century Consoli- Particulars Auro Auro - Century Singapore Century Infotech Century Century Standalone Apnapan, Adonis, Apn, MDF & Gabon - dated Total Sundaram NCI Singapore NCI Infotech NCI Panel Gabo
Slide 30: Summary - Consolidated Financials - 9MFY24
SUMMARY – CONSOLIDATED FINANCIALS – 9MFY24 SUBSIDIARIES Century Century Ply Ara,Arham, Ara, Arham, Century Consoli- Particulars Auro Auro - Century Singapore Century Infotech MDF & Century Century Standalone Apnapan, Adonis, Gabon - dated Total Sundaram NCI Singapore NCI Infotech NCI Infra& Panel Ga
Slide 31: Thank You
Thank You For further information, kindly contact: Arun Julasaria arun@centuryply.com +91 33 3940 3950
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