Century Plyboards (india) Ltd. · NSE:CENTURYPLY
Century Plyboards (india) — Q3 FY2019 Earnings Presentation
26 slides from Century Plyboards (india)'s earnings presentation, Feb 6, 2019
Slide 1: Exchange filing cover letter for investor presentation
February 6, 2019 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 ended 31st December 2018
Financial Results Update for the Quarter ended 31st DECEMBER, 2018
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 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 - Volumes & F
Slide 5: Key Highlights – Q3FY19 Vs. Q3FY18
KEY HIGHLIGHTS – Q3FY19 Vs. Q3FY18 Net Revenue from operations increased by 14% from 509.93 crores to Rs.578.89 crores EBITDA reduced from Rs. 91.99 to Rs. 77.50 crores. EBITDA margins decreased from 18% in Q3FY18 to 13.4% in current quarter PBT marginally decreased by 3% from 59.42 crores t
Slide 6: Balance Sheet
BALANCE SHEET Rs. Crores PARTICULARS 2014 2015 2016 2017 2018 As on 30.06.18 As on 30.09.18 As on 31.12.18 Net Worth (Including Share Capital -22.25 Cr) 291.41 387.58 525.05 708.63 837.95 883.19 894.26 935.67 Debt - Long Term Debt (Excl Current Maturities) - FCY 53.64 35.68 38.61 78.74 96.44 94.22 9
Slide 7: Key Ratios
KEY RATIOS KEY RATIOS 2013-14 2014-15 2015-16 2016-17 2017-18 Q1 FY19 Q2 FY19 Q3 FY19 Return on Avg Equity (ROAE) (%) 24.74% 44.42% 37.21% 30.08% 20.26% 21.09% 17.02% 18.10% Return on Avg Capital Employed (ROACE) (%) 16.59% 26.68% 26.34% 22.89% 17.21% 22.15% 18.29% 17.63% Total Outside Liabilities t
Slide 8: Working Capital Cycle
WORKING CAPITAL CYCLE RATIOS UNIT 2013-14 2014-15 2015-16 2016-17 2017-18 Q1 FY 19 Q2 FY 19 Q3 FY 19 Net Sales for the Period In Rs Cr 1,283.97 1,564.81 1,635.69 1,782.46 1,967.22 537.26 564.44 578.90 Debtor In Rs Cr 204.63 268.14 286.76 335.27 314.46 306.85 322.93 306.78 Annualized Debtor Days (A)
Slide 9: Profit & Loss - Summary
PROFIT & LOSS - SUMMARY Annual Growth % Quarter Growth % 9 Months Growth% Sl PARTICULARS UNIT 2013-14 2014-15 2015-16 2016-17 2017-18 14 Vs 15 15 Vs 16 16 Vs 17 17 vs 18 Sep '18 Dec '18 Dec '17 QoQ YoY Dec '18 Dec '17 9M to 9M A1 Net Turnover In Rs Cr 1,276.04 1,552.47 1,624.10 1,773.14 1,953.11 22%
Slide 10: Profit & Loss - Summary (cont.)
PROFIT & LOSS – SUMMARY-cont. Annual Growth % Quarter Growth % 9 Months Growth% Sl PARTICULARS UNIT 2013-14 2014-15 2015-16 2016-17 2017-18 14 Vs 15 15 Vs 16 16 Vs 17 17 vs 18 Sep '18 Dec '18 Dec '17 QoQ YoY Dec '18 Dec '17 9M to 9M H1 EBIT In Rs Cr 124.42 223.09 246.27 262.33 231.69 79% 10% 7% -12%
Slide 11: Plywood – Volume Details
PLYWOOD – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2013-14 2014-15 2015-16 2016-17 2017-18 14 Vs 15 15 vs 16 16 vs 17 17 vs 18 Sep '18 Dec '18 Dec '17 QoQ YoY Dec '18 Dec '17 9M to 9M A VOLUME A1 -Plywood CBM 172,452 192,249 189,117 197,474 208,382 11% -2%
Slide 12: Plywood – Financial Details
PLYWOOD – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2013-14 2014-15 2015-16 2016-17 2017-18 14 Vs 15 15 Vs 16 16 vs 17 17 vs 18 Sep '18 Dec '18 Dec '17 QoQ YoY Dec '18 Dec '17 9M to 9M A1 Net Turnover In Rs Cr 964.84 1,147.08 1,173.51 1,260.93 1,263.30
Slide 13: Laminates – Volume Details
LAMINATES – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2013-14 2014-15 2015-16 2016-17 2017-18 14 Vs 15 15 vs 16 16 vs 17 17 vs 18 Sep '18 Dec '18 Dec '17 QoQ YoY Dec '18 Dec '17 9M to 9M A VOLUME A1 - Laminates NOS. 2,913,286 3,600,682 4,260,499 4,925,024 5
Slide 14: Laminates – Financial Details
LAMINATES – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2013-14 2014-15 2015-16 2016-17 2017-18 14 Vs 15 15 Vs 16 16 vs 17 17 vs 18 Sep '18 Dec '18 Dec '17 QoQ YoY Dec '18 Dec '17 9M to 9M A1 Net Turnover In Rs Cr 236.69 293.54 335.30 363.57 369.95 24% 14
Slide 15: MDF – Volume Details
MDF – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2013-14 2014-15 2015-16 2016-17 2017-18 14 Vs 15 15 Vs 16 16 vs 17 17 vs 18 Sep '18 Dec '18 Dec '17 QoQ YoY Dec '18 Dec '17 9M to 9M A VOLUME A1 PLAIN MDF CBM - - - - 48,307 - - - - 23,006 35,560 20,639 55% 72
Slide 16: MDF – Financial Details
MDF – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2013-14 2014-15 2015-16 2016-17 2017-18 14 Vs 15 15 Vs 16 16 vs 17 17 vs 18 Sep '18 Dec '18 Dec '17 QoQ YoY Dec '18 Dec '17 9M to 9M A1 NET REVENUE - External Sales In Rs Cr - - - - 112.80 - - - 61.15 88.1
Slide 17: Particle Board – Volume Details
PARTICLE BOARD – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2013-14 2014-15 2015-16 2016-17 2017-18 14 Vs 15 15 Vs 16 16 vs 17 17 vs 18 Sep '18 Dec '18 Dec '17 QoQ YoY Dec '18 Dec '17 9M to 9M A VOLUME A1 PLAIN PARTICLE BOARD CBM - - - 13,141 23,808 - - - 81
Slide 18: Particle Board – Financial Details
PARTICLE BOARD – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2013-14 2014-15 2015-16 2016-17 2017-18 14 Vs 15 15 Vs 16 16 vs 17 17 vs 18 Sep '18 Dec '18 Dec '17 QoQ YoY Dec '18 Dec '17 9M to 9M A1 NET REVENUE - External Sales In Rs Cr - - - 16.48 72.93 -
Slide 19: Logistics (CFS) – Volume Details
LOGISTICS (CFS) – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2013-14 2014-15 2015-16 2016-17 2017-18 14 Vs 15 15 Vs 16 16 vs 17 17 vs 18 Sep '18 Dec '18 Dec '17 QoQ YoY Dec '18 Dec '17 9M to 9M A VOLUME A1 - CFS TEUs 52,924 72,508 82,057 80,153 80,936 37% 13
Slide 20: Logistics (CFS) – Financial Details
LOGISTICS (CFS) – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2013-14 2014-15 2015-16 2016-17 2017-18 14 Vs 15 15 Vs 16 16 vs 17 17 vs 18 Sep '18 Dec '18 Dec '17 QoQ YoY Dec '18 Dec '17 9M to 9M A1 Net Turnover In Rs Cr 54.31 70.28 83.73 87.61 99.32 29% 1
Slide 21: Others – Financial Details
OTHERS – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2013-14 2014-15 2015-16 2016-17 2017-18 14 Vs 15 15 Vs 16 16 vs 17 17 VS 18 Sep '18 Dec '18 Dec '17 QoQ YoY Dec '18 Dec '17 9M to 9M A1 Net Turnover In Rs Cr 20.20 41.57 54.29 41.17 34.79 106% 31% -24%
Slide 22: Capex Details
CAPEX DETAILS Rs. Crores Budgeted 2014-15 to 9M FY Estimated Estimated Particulars Total Cost 2017-18 18-19 Q4 FY 18-19 2019-20 MDF 380.00 335.62 9.52 4.86 - 350.00 Plywood at Punjab 64.00 - - - 64.00 64.00 Particle Board 67.73 60.53 - - - 60.53 Laminate 62.50 48.05 10.64 3.81 - 62.50 Gabon - Veneer
Slide 23: Term Loan Projection
TERM LOAN PROJECTION Rs. Crores PARTICULARS 2015-16 2016-17 2017-18 9MFY19 Q4FY19 2019-20 2020-21 2021-22 OPENING - ECB 55.86 61.03 97.88 118.15 111.46 99.51 70.38 46.05 - Buyer's Credit - PB & Others - - 9.60 11.61 1.51 - - - - Buyer's Credit - MDF - - 73.67 82.12 42.67 42.67 42.67 42.67 - Rupee Te
Slide 24: Fund Flow Summary
FUND FLOW SUMMARY Rs. Crores SUMMARY FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 9MFY19 OPENING CASH/CASH EQUIALENT 79.74 18.04 17.03 19.04 53.84 16.51 ADD OPERATIONAL CASH INFLOW 36.62 160.89 222.26 212.81 158.69 207.26 LESS DIVIDEND PAYMENTS 5.72 45.96 60.09 0.00 26.74 26.74 LESS LONG TERM NET CASH OU
Slide 25: Fund Flow Summary (contd.)
FUND FLOW SUMMARY-contd. Rs. Crores LONG TERM CASH FLOW FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 9MFY19 INFLOWS Long Term Borrowings - Rupee Term Loan & Finance Lease 0.00 7.14 5.38 65.34 20.50 4.50 - Foreign Currency Loan 0.00 0.00 23.08 66.56 38.98 0.12 - Buyers Credit 2.62 0.00 10.66 72.93 9.44 0.
Slide 26: Forex Exposure
FOREX EXPOSURE Q3FY19 vs Q2FY19 2017 vs 2018 PARTICULARS 31.03.2014 31.03.2015 31.03.2016 31.03.17 31.03.18 30.06.18 30.09.18 31.12.18 Diff Diff % Diff Diff % AVERAGE FOREX BOOKING RATES @ Rs. - USD 57.83 61.79 64.17 67.61 64.96 65.12 65.06 65.10 0.04 0% (2.65) -4% - HKD 8.04 - - - - - - - - EURO 80
Century Plyboards (India) — Q3 FY2019 Earnings Presentation on 6ix