Century Plyboards (india) Ltd. · NSE:CENTURYPLY
Century Plyboards (india) — Q3 FY2023 Earnings Presentation
30 slides from Century Plyboards (india)'s earnings presentation, Feb 7, 2023
Slide 1: Exchange filing cover letter
Date: 7th February, 2023 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, 2022
Financial Results update FoR the QuaRteR ended 31st decembeR, 2022
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 Net Borrowings & Treasury Assets 3 Key Ratios 4 Working Capital Cycle 5 Profit & Loss - Summary 6-7 Plywood - Volumes & Financials 8-9 Laminates - Volumes & Financials 10-11 MDF - Volumes & Financials 12-13 Particle Board - Volumes & Financia
Slide 5: Key Highlights
KEY HIGHLIGHTS Q3FY23 ended with the company achieving quarterly revenue of Rs 877 crore on standalone basis, de-growth of mere 2.6% on QoQ basis despite being a seasonally weaker quarter. Despite softness in chemical prices, CPIL’s overall gross margins were impacted by 90bps on sequential basis to
Slide 6: Balance Sheet
BALANCE SHEET Rs. Crores *Buyers’ Credit is related to payment of import vendors and hence shown as part of current liabilities for analytical purpose 2
Slide 7: Net Borrowings & Treasury Assets
NET BORROWINGS & TREASURY ASSETS Rs. Crores * Current maturities of loan is taken under other current liabilities in balance sheet 3
Slide 8: Key Ratios
KEY RATIOS Note 1:ROAE, ROACE, Total Debt/EBITDA, Interest Cover and Fixed Asset Turnover Ratio for the quarters are annualized Note 2: Total debt and long term debt is taken as per Balance Sheet on page - 2 which excludes buyers’ credit for working capital and current maturities of term loan. Both
Slide 9: Working Capital Cycle
eo WORKING CAPITAL CYCLE “Ne RATIOS UNIT | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | QiFY23 | Q2FY23 | Q3FY23 Net Sales for the Period InRsCr| 1,782.46| 1,967.22| 2,263.83| 2,282.68| 2,113.48| 3,000.88 881.48 900.20 877.17 Debtor In Rs Cr 335.27 314.46 293.55 258.16 297.01 348.87 3
Slide 10: Profit & Loss - Summary
PROFIT & LOSS - SUMMARY • Extra-ordinary item in the Q3FY23 and 9MFY23 pertains to impairment loss in our Myanmar subsidiary amounting to Rs 2.37 crores and Rs 49.37 crores, respectively. • In FY21, 11.81 crores pertains to reversal of income recognized in previous years which is now disallowed by c
Slide 11: Profit & Loss - Summary - continued
PROFIT & LOSS – SUMMARY - continued Note: The company has opted for the new tax regime from the financial year 2021-22 7
Slide 12: Plywood - Volume Details
& PLYWOOD - VOLUME DETAILS “ a avira “it Annual Growth % fat Growth % Shei Growth% 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 18 vs 19/19 vs 20|20vs21|21vs22) Sep'22 | Dec'22 | Dec'21 | QoQ | YoY | Dec'22 | Dec'2l |SMto9M A |VOUUME Al] -Plywood CBM =» 208,382 | 2,20,442 | 2,20,813 | 2,07,665)
Slide 13: Plywood - Financial Details
PLYWOOD – FINANCIAL DETAILS • Extra-ordinary items in the Dec’22 quarter and 9MFY23 pertains to impairment loss in our Myanmar subsidiary amounting to Rs 2.37 crores and Rs 49.37 crores, respectively. • Extra-ordinary items in the year 2019-20 pertains to impairment loss in our Laos subsidiary amoun
Slide 14: Laminates - Volume Details
LAMINATES – VOLUME DETAILS Note: 1. Pre-Lam has been excluded from the Laminates segment from FY17-18 onwards and the same has been taken to Particle board. 2. The comparative percentage figures for FY17 & FY18 are impacted because of above note. 10
Slide 15: Laminates - Financial Details
LAMINATES – FINANCIAL DETAILS Note: 1. Pre-Lam has been excluded from the Laminates segment from FY17-18 onwards and the same has been taken to Particle board. 2. The comparative percentage figures for FY17 & FY18 are impacted because of above note. 11
Slide 16: MDF - Volume Details
& MDF - VOLUME DETAILS CENTURYPLY Annual Growth % Quarter Growth % Months Growth’ 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 18VS19| 19V$20| 20vs 21] 2ivs22| Sep'22 | Dec'22 | Dec'2l | QoQ| YoY | dec'22 Dec'21_|9Mto9M st PARTICULARS UNIT A |VOLUME A1/PLAIN MDF CBM | 48,307) 1,15,563 | 1,30,98
Slide 17: MDF - Financial Details
& MDF - FINANCIAL DETAILS CENTURYPLY a Fauci aie Annual Growth% Quarter Growth % 9Months [Growth % 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 18vs19 | 19v520| 20vs21 | atvs22| Sep'22 | Dec'22 | Dec’ | oa | YoY | dec'2 | Dec'2t |amtoom Al |NET REVENUE - External Sales InRsCr) 112.80] 295.13] 3
Slide 18: Particle Board - Volume Details
PARTICLE BOARD – VOLUME DETAILS Note: 1. Pre-Lam Particle board has been included in Particle board segment from FY17-18 onwards instead of Laminates 2. The comparative percentage figures for FY17 & FY18 are impacted because of above note. 14
Slide 19: Particle Board - Financial Details
PARTICLE BOARD – FINANCIAL DETAILS Note: 1. Pre-Lam Particle board has been included in Particle board segment from FY17-18 onwards instead of Laminates 2. The comparative percentage figures for FY17 & FY18 are impacted because of above note. 15
Slide 20: Logistics (CFS) - Volume Details
LOGISTICS (CFS) – VOLUME DETAILS 16
Slide 21: Logistics (CFS) - Financial Details
LOGISTICS (CFS) – FINANCIAL DETAILS 17
Slide 22: Others - Financial Details
OTHERS – FINANCIAL DETAILS 18
Slide 23: Capex Details
CAPEX DETAILS Rs. Crores Note: *MDF and Laminate greenfield project shall be undertaken through Century Panels Ltd. which is 100% subsidiary of Century Plyboards (India) Ltd 19
Slide 24: Term Loan Projection
TERM LOAN PROJECTION Rs. Crores Note: Term loan projections are based on original payment schedule. However, we propose to prepay the term loans. 20
Slide 25: Fund Flow Statement
FUND FLOW STATEMENT Rs. Crores 21
Slide 26: Fund Flow Statement - continued
FUND FLOW STATEMENT - continued Rs. Crores 22
Slide 27: Forex Exposure
FOREX EXPOSURE PARTICULARS 31.03.2018 31.03.2019 31.03.2021 31.03.2022 30.06.2022 30.09.2022 31.12.2022 30.09.2022 vs 30.06.22 Diff Diff 2% -USD 64.96 64.04 72.94 7126 75.14 76.33 77.28 7714 (0.14) 0.2% = EURO. 75.26 81.73 80.61 83.41 82.84 81.97 80.89 82.32 1.43 18% = USD 65.04 69.17 75.39 73.50 75
Slide 28: Summary - Consolidated Financials - Q3FY23
SUMMARY – CONSOLIDATED FINANCIALS – Q3FY23 24
Slide 29: Summary - Consolidated Financials - 9MFY23
SUMMARY – CONSOLIDATED FINANCIALS – 9MFY23 25
Slide 30: Thank You
Thank You For further Information please contact : Nehal Shah +91 33 3940 3950 nehal@centuryply.com
Century Plyboards (India) — Q3 FY2023 Earnings Presentation on 6ix