Century Plyboards (india) Ltd. · NSE:CENTURYPLY
Century Plyboards (india) — Q1 FY23 Earnings Presentation
29 slides from Century Plyboards (india)'s earnings presentation, Jul 20, 2022
Slide 1: Exchange cover letter: Investor Presentation
Date: 20th July, 2022 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 (Listing
Slide 2: Financial Results Update for the Quarter ended 30th June, 2022
Financial Results update FoR the QuaRteR ended 30th June, 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 Q1FY23 (Q1 being a leanest quarter in a financial year) ended with the company achieving revenue which was just 1.5% lower compared to Q4FY22 sales (Q4 being a peak quarter in a financial year). Despite the sustained input cost pressure in core segments of plywood & laminate, we have
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
& WORKING CAPITAL CYCLE “_ RATIOS UNIT | 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 QUFY23 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 Debtor in Rs Cr 335.27 314.46 293.55 258.16 297.01 348.87 365.45 Annualized Debtor Days (A) 69 58 47 41 51 42
Slide 10: Profit & Loss - Summary
PROFIT & LOSS - SUMMARY • Extra-ordinary items in the year 2019-20 pertains to impairment loss in our subsidiary amounting to 45.63 crores and gain of 4.77 crores by way of sale of fixed asset. • In FY21, 11.81 crores pertains to reversal of income recognized in previous years which is now disallowe
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 scimeaaien Annual Growth % Quarter Growth % 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 |17 vs 18/18 vs 19|19 vs 20| 20 vs 21] 21vs22| Mar'22 | Jun'22 | Jun'21 | QoQ | YoY st PARTICULARS UNIT A |VOLUME AL] Plywood cam | 1,97,474| 2,08,382| 2,20,442 | 2,20,813
Slide 13: Plywood - Financial Details
PLYWOOD – FINANCIAL DETAILS • Extra-ordinary items in the year 2019-20 pertains to impairment loss in our subsidiary amounting to 45.63 crores and gain of 4.77 crores by way of sale of fixed asset. • In FY21 Q3, 11.81 crores pertains to reversal of income recognized in previous years which is now di
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 % ter st Pence ONT 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 17 vs18| 18VS19| 19 VS 20| 20vs21| 21vs22| Mar'22 ae Jun'21 eae A [VOLUME A1|PLAIN MDF CBM + | 48,307} 1,15,563| 1,30,989| 1,21,617| 140,846) - | 139.2% | 13.3% | -7.2% | 15
Slide 17: MDF - Financial Details
& MDF - FINANCIAL DETAILS CENTURYPLY SL PARTICULARS UNIT Annual Growth % Quarter Growth % aore-17 |] 2017-18 | 2oue-19 | 209-20 | ao20-n | 2021-22 [arvste| 18519 |19vs20] vex | ave22| mar | unr | u'r | QoQ | vor B1 |GROSS PROFIT InRsCr- 41.93| 90.43| 139.31 | 141.74) 238.75] - | 115.7% | 54.1% | 17%
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
tS FOREX EXPOSURE CENTURYPLY PARTICULARS aiosaoa | aveszma | axus2u0 | svesza | suan20n | anoazen | suw20m | a1ua2022 | swe. ace |—S008 2? vesUOS 7 [AVERAGE FOREX BOOKING RATES @ Rs. =U3D. w36 aoa 7238 76 7am Taga aR Ere] 765 1a za “EURO 75.26 Te 0.01 5.41 3470 31.95 a738 288 #97 fo eT FOREX REINS T
Slide 28: Summary - Consolidated Financials - Q1FY23
SUMMARY – CONSOLIDATED FINANCIALS – Q1FY23 24
Slide 29: Thank You
Thank You For further Information please contact : Nehal Shah +91 33 3940 3950 nehal@centuryply.com
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