Century Plyboards (india) Ltd. · NSE:CENTURYPLY
Century Plyboards (india) — Q1 FY2020 Earnings Presentation
27 slides from Century Plyboards (india)'s earnings presentation, Aug 9, 2019
Slide 1: Exchange filing cover letter
August 09, 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 a
Slide 2: Financial Results Update for the Quarter ended 30th June, 2019
Financial Results Update for the Quarter ended 30tH JUNE, 2019
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 – Q1FY20 Vs. Q1FY19
KEY HIGHLIGHTS – Q1FY20 Vs. Q1FY19 Net Revenue from operations increased by 7% from 537.3 to 573.7 crores EBITDA increased from Rs. 87.11 to Rs. 93.77 crores. EBITDA margins remained almost flattish at 16.2% in Q1FY19 and 16.3% in current quarter PBT increased by 8% from 62.83 crores to 67.8
Slide 6: Balance Sheet
BALANCE SHEET Rs. Crores PARTICULARS 2014 2015 2016 2017 2018 2019 Q1FY20 Net Worth (Including Share Capital -22.25 Cr) 291.41 387.58 525.05 708.63 837.95 969.12 1,017.26 Debt - Long Term Debt (Excl Current Maturities) - FCY 53.64 35.68 38.61 78.74 96.44 72.29 65.73 - Long Term Debt (Excl Current Ma
Slide 7: Key Ratios
KEY RATIOS KEY RATIOS 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 Q1FY20 Return on Avg Equity (ROAE) (%) 24.74% 44.42% 37.21% 30.08% 20.26% 17.58% 19.39% Return on Avg Capital Employed (ROACE) (%) 16.59% 26.68% 26.34% 22.89% 17.21% 17.88% 20.70% Total Outside Liabilities to Net Worth (TOL/TNW) 2
Slide 8: Working Capital Cycle
WORKING CAPITAL CYCLE RATIOS UNIT 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 Q1FY20 Net Sales for the Period In Rs Cr 1,283.97 1,564.81 1,635.69 1,782.46 1,967.22 2,263.83 573.71 Debtor In Rs Cr 204.63 268.14 286.76 335.27 314.46 293.55 305.51 Annualized Debtor Days (A) 58 63 64 69 58 47 49 Net
Slide 9: Profit & Loss - Summary
PROFIT & LOSS - SUMMARY Annual Growth % Quarter Growth % Sl PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 Vs 16 16 Vs 17 17 vs 18 18 vs 19 Mar '19 Jun '19 Jun '18 QoQ YoY A1 Net Turnover In Rs Cr 1,552.47 1,624.10 1,773.14 1,953.11 2,247.62 5% 9% 10% 15% 579.14 570.99 531.05 -1% 8% A2
Slide 10: Profit & Loss - Summary (contd.)
PROFIT & LOSS – SUMMARY-cont. Annual Growth % Quarter Growth % Sl PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 Vs 16 16 Vs 17 17 vs 18 18 vs 19 Mar '19 Jun '19 Jun '18 QoQ YoY H1 EBIT In Rs Cr 223.09 246.27 262.33 231.69 256.44 10% 7% -12% 11% 52.27 76.83 76.28 47% 1% H2 EBIT % OF TOT
Slide 11: Plywood – Volume Details
PLYWOOD – VOLUME DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 vs 16 16 vs 17 17 vs 18 18 vs 19 Mar '19 Jun '19 Jun '18 QoQ YoY A VOLUME A1 -Plywood CBM 1,92,249 1,89,117 1,97,474 2,08,382 2,20,442 -2% 4% 6% 6% 54,536 56,642 56,055 4% 1% A2 -
Slide 12: Plywood – Financial Details
PLYWOOD – FINANCIAL DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 Vs 16 16 vs 17 17 vs 18 18 vs 19 Mar '19 Jun '19 Jun '18 QoQ YoY A1 Net Turnover In Rs Cr 1,147.08 1,173.51 1,260.93 1,263.30 1,273.39 2.3% 7.4% 0.2% 1% 322.54 314.77 316.28 -2
Slide 13: Laminates – Volume Details
LAMINATES – VOLUME DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 vs 16 16 vs 17 17 vs 18 18 vs 19 Mar '19 Jun '19 Jun '18 QoQ YoY A VOLUME A1 - Laminates NOS. 36,00,682 42,60,499 49,25,024 54,06,918 58,58,029 18% 16% 10% 8% 15,93,390 14,00,73
Slide 14: Laminates – Financial Details
LAMINATES – FINANCIAL DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 Vs 16 16 vs 17 17 vs 18 18 vs 19 Mar '19 Jun '19 Jun '18 QoQ YoY A1 Net Turnover In Rs Cr 293.54 335.30 363.57 369.95 432.19 14% 8% 2% 17% 120.67 105.53 90.35 -13% 17% A2 Add
Slide 15: MDF – Volume Details
MDF – VOLUME DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 Vs 16 16 vs 17 17 vs 18 18 VS 19 Mar '19 Jun '19 Jun '18 QoQ YoY A VOLUME A1 PLAIN MDF CBM - - - 48,307 1,15,563 - - - 139% 30,751 35,385 26,246 15% 35% A2 PRELAM MDF CBM - - - - 16,6
Slide 16: MDF – Financial Details
MDF – FINANCIAL DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 Vs 16 16 vs 17 17 vs 18 18 vs 19 Mar '19 Jun '19 Jun '18 QoQ YoY A1 NET REVENUE - External Sales In Rs Cr - - - 112.80 295.13 - - - 162% 75.99 91.83 69.83 21% 32% A2 Add : Other Op
Slide 17: Particle Board – Volume Details
PARTICLE BOARD – VOLUME DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 Vs 16 16 vs 17 17 vs 18 18 vs 19 Mar '19 Jun '19 Jun '18 QoQ YoY A VOLUME A1 PLAIN PARTICLE BOARD CBM - - 13,141 23,808 25,916 - - 81% 9% 5,318 5,875 4,788 10% 23% A2 PRELA
Slide 18: Particle Board – Financial Details
PARTICLE BOARD – FINANCIAL DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 Vs 16 16 vs 17 17 vs 18 18 vs 19 Mar '19 Jun '19 Jun '18 QoQ YoY A1 NET REVENUE - External Sales In Rs Cr - - 16.48 26.32 28.42 - - 60% 8% 5.72 6.50 5.56 14% 17% A2 Add:
Slide 19: Logistics (CFS) – Volume Details
LOGISTICS (CFS) – VOLUME DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2018-19 15 Vs 16 16 vs 17 17 vs 18 18 vs 19 Mar '19 2014-15 2015-16 2016-17 2017-18 Jun '19 Jun '18 QoQ YoY A VOLUME A1 - CFS TEUs 72,508 82,057 80,153 80,936 69,055 13% -2% 1% -15% 14,683 15,703 20,035 7% -22% B N
Slide 20: Logistics (CFS) – Financial Details
LOGISTICS (CFS) – FINANCIAL DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 Vs 16 16 vs 17 17 vs 18 18 vs 19 Mar '19 Jun '19 Jun '18 QoQ YoY A1 Net Turnover In Rs Cr 70.28 83.73 87.61 99.32 99.18 19% 5% 13% 0% 21.72 22.24 26.81 2% -17% A2 Add:
Slide 21: Others – Financial Details
OTHERS – FINANCIAL DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2014-15 2015-16 2016-17 2017-18 2018-19 15 Vs 16 16 vs 17 17 VS 18 18 VS 19 Mar '19 Jun '19 Jun '18 QoQ YoY A1 Net Turnover In Rs Cr 41.57 54.29 41.17 34.79 50.24 31% -24% -15% 44% 14.07 11.73 9.54 -17% 23% A2 Add: Other
Slide 22: Capex Details
CAPEX DETAILS Rs. Crores Budgeted 2014-15 to Estimated Particulars 2018-19 Q1 FY-20 2020-21 Total Cost 2017-18 2019-20 MDF 380.00 335.62 13.65 0.67 - - 349.94 Plywood at Punjab 64.00 - - - - 64.00 64.00 Particle Board 67.73 60.53 - - - - 60.53 Laminate 62.50 48.05 15.62 5.02 - - 68.69 Gabon - Veneer
Slide 23: Term Loan Projection
TERM LOAN PROJECTION Rs. Crores PARTICULARS 2015-16 2016-17 2017-18 2018-19 Q1 FY-20 2019-20 2020-21 2021-22 2022-23 OPENING - ECB 55.86 61.03 97.88 118.15 102.81 102.81 79.92 55.08 30.25 - Buyer's Credit - PB & Others - - 9.60 11.61 - - - - - - Buyer's Credit - MDF - - 73.67 82.12 41.09 41.09 41.09
Slide 24: Fund Flow Summary
FUND FLOW SUMMARY Rs. Crores SUMMARY FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Q1 FY20 OPENING CASH/CASH EQUIALENT 79.74 18.04 17.03 19.04 53.84 16.51 22.61 ADD OPERATIONAL CASH INFLOW 36.62 160.89 222.26 212.81 158.69 260.82 52.33 LESS DIVIDEND PAYMENTS 5.72 45.96 60.09 0.00 26.74 26.74 0.00
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 FY 2019 Q1 FY20 INFLOWS Long Term Borrowings - Rupee Term Loan & Finance Lease 0.00 7.14 5.38 65.34 20.50 4.27 0.00 - Foreign Currency Loan 0.00 0.00 23.08 66.56 38.98 0.00 0.00 - Buyers Credit 2.62 0.00
Slide 26: Forex Exposure
FOREX EXPOSURE 30.06.19 vs 31.03.19 2018 vs 2019 PARTICULARS 31.03.2015 31.03.2016 31.03.17 31.03.18 31.03.19 30.06.2019 Diff Diff % Diff Diff % AVERAGE FOREX BOOKING RATES @ Rs. - USD 61.79 64.17 67.61 64.96 64.04 70.11 6.07 9% (0.92) -1% - EURO 77.49 71.99 74.48 75.26 81.73 78.81 (2.92) -4% 6.47 9
Slide 27: 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) — Q1 FY2020 Earnings Presentation on 6ix