Century Plyboards (india) Ltd. · NSE:CENTURYPLY
Century Plyboards (india) — Q3 FY2021 Earnings Presentation
32 slides from Century Plyboards (india)'s earnings presentation, Feb 9, 2021
Slide 1: Exchange filing cover letter
Date: 9th February, 2021 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 Sir/ Madam Sub: Investor Presentation In terms of SEBI (Listi
Slide 2: Financial Results Update for the Quarter and Nine Months ended 31st December, 2020
Financial Results Update for the Quarter AND NINE MONTHS ended 31St DECEMBER, 2020
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 Net Borrowings & Treasury Assets 5 Key Ratios 6 Working Capital Cycle 7 Profit & Loss - Summary 8-9 Plywood - Volumes & Financials 10 - 11 Laminates - Volumes & Financials 12 - 13 MDF - Volumes & Financials 14 - 15 Particle Board - Volumes
Slide 5: Key Highlights
KEY HIGHLIGHTS Results for Q1 were adversely impacted due to the COVID-19 pandemic and consequent nationwide lockdowns. However as informed in Q1 call we looked at future with optimism. The recovery in Q2 was better, faster and swifter than what we expected and the saga is continuing in Q3 also. In
Slide 6: Key Highlights
KEY HIGHLIGHTS In current quarter we have booked an exceptional amount of Rs. 11.81 crores in Plywood Segment. This is on account of reversal of income recognized in earlier years. This relates to the Company’s Assam unit. As per the original policy of the Government, eligible units were entitled to
Slide 7: Key Highlights
KEY HIGHLIGHTS Barring the above exceptional item, Company’s blended EBIDTA for the quarter is 18.8% against 16% in the corresponding Q3 last year, 16.8% in Q2 this year and 15.6% for last whole year. Top line growth on QoQ basis is around 26% and on YoY basis is around 10%. All the business segment
Slide 8: Balance Sheet
BALANCE SHEET Rs. Crores PARTICULARS 2016 2017 2018 2019 2020 As on 30.06.20 As on 30.09.20 As on 31.12.20 Net Worth (Including Share Capital -22.25 Cr) 525.05 708.63 837.95 969.12 1,073.38 1,064.80 1,115.23 1,180.56 Debt - Long Term Debt (Excl Current Maturities) - FCY 38.61 78.74 96.44 72.29 51.50
Slide 9: Net Borrowings & Treasury Assets
NET BORROWINGS & TREASURY ASSETS Rs. Crores Rate of Long Term * Current BORROWINGS Total Remarks Interest Debt Maturities Long term Debt - ECB (FCY) 1.63% 30.16 26.32 56.48 Long term Debt - Finance Lease (INR) 9.13% 0.11 2.51 2.62 Short Term Debt - Packing Credit 1.73% - 54.96 - Cash Credit 8.35% -
Slide 10: Key Ratios
KEY RATIOS KEY RATIOS 2015-16 2016-17 2017-18 2018-19 2019-20 Q1 FY 21 Q2 FY 21 Q3 FY 21 Return on Avg Equity (ROAE) (%) 37.21% 30.08% 20.26% 17.58% 15.49% -3.17% 18.87% 22.96% Return on Avg Capital Employed (ROACE) (%) 26.34% 22.89% 17.21% 17.88% 17.60% -2.61% 21.55% 29.55% Total Outside Liabilitie
Slide 11: Working Capital Cycle
WORKING CAPITAL CYCLE RATIOS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 Q1 FY 21 Q2 FY 21 Q3 FY 21 Net Sales for the Period In Rs Cr 1,635.69 1,782.46 1,967.22 2,263.83 2,282.68 200.68 519.82 654.36 Debtor In Rs Cr 286.76 335.27 314.46 293.55 258.16 219.30 245.75 275.24 Annualized Debtor Days (A)
Slide 12: Profit & Loss - Summary
PROFIT & LOSS - SUMMARY Annual Growth % Quarter Growth % 9 MONTHS Growth% SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 Vs 17 17 vs 18 18 vs 19 19 vs 20 Sep '20 Dec '20 Dec '19 QoQ YoY Dec '20 Dec '19 9M to 9M A1 NET TURNOVER In Rs Cr 1,624.10 1,773.14 1,953.11 2,247.62 2,270.24 9.2
Slide 13: Profit & Loss - Summary (cont.)
PROFIT & LOSS – SUMMARY-cont. Annual Growth % Quarter Growth % 9 MONTHS Growth% SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 Vs 17 17 vs 18 18 vs 19 19 vs 20 Sep '20 Dec '20 Dec '19 QoQ YoY Dec '20 Dec '19 9M to 9M I1 EBIT (E1 - H) In Rs Cr 246.27 262.33 231.69 256.44 247.63 6.5% -
Slide 14: Plywood – Volume Details
PLYWOOD – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Sep '20 Dec '20 Dec '19 QoQ YoY Dec '20 Dec '19 9M to 9M A VOLUME A1 -Plywood CBM 1,89,117 1,97,474 2,08,382 2,20,442 2,20,813 4.
Slide 15: Plywood – Financial Details
PLYWOOD – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Sep '20 Dec '20 Dec '19 QoQ YoY Dec '20 Dec '19 9M to 9M A1 NET TURNOVER In Rs Cr 1,173.51 1,260.93 1,263.30 1,273.39 1,230.9
Slide 16: Laminates – Volume Details
LAMINATES – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Sep '20 Dec '20 Dec '19 QoQ YoY Dec '20 Dec '19 9M to 9M A VOLUME A1 - Laminates NOS. 42,60,499 49,25,024 54,06,918 58,58,029 6
Slide 17: Laminates – Financial Details
LAMINATES – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Sep '20 Dec '20 Dec '19 QoQ YoY Dec '20 Dec '19 H1 to H1 A1 Net Turnover In Rs Cr 335.30 363.57 369.95 432.19 454.58 8.4% 1
Slide 18: MDF – Volume Details
MDF – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 VS 19 19 VS 20 Sep '20 Dec '20 Dec '19 QoQ YoY Dec '20 Dec '19 9M to 9M A VOLUME A1 PLAIN MDF CBM - - 48,307 1,15,563 1,30,989 - - 139.2% 32,943 40,
Slide 19: MDF – Financial Details
MDF – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Sep '20 Dec '20 Dec '19 QoQ YoY Dec '20 Dec '19 9M ot 9M A1 NET REVENUE - External Sales In Rs Cr - - 112.80 295.13 350.38 - - 16
Slide 20: Particle Board – Volume Details
PARTICLE BOARD – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 15 Vs 16 16 vs 17 17 vs 18 18 vs 19 Sep '20 Dec '20 Dec '19 QoQ YoY Dec '20 Dec '19 9M to 9M A VOLUME A1 PLAIN PARTICLE BOARD CBM - 13,141 23,808 25,916 28,34
Slide 21: Particle Board – Financial Details
PARTICLE BOARD – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Sep '20 Dec '20 Dec '19 QoQ YoY Dec '20 Dec '19 9M to 9M A1 NET REVENUE - EXTERNAL SALES In Rs Cr - 23.13 72.93 97.47
Slide 22: Logistics (CFS) – Volume Details
LOGISTICS (CFS) – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Sep '20 Dec '20 Dec '19 2015-16 2016-17 2017-18 2018-19 QoQ YoY Dec '20 Dec '19 9M to 9M A VOLUME A1 - CFS TEUs 82,057 80,153 80,936 69,055 59,904 -2.3%
Slide 23: Logistics (CFS) – Financial Details
LOGISTICS (CFS) – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Sep '20 Dec '20 Dec '19 QoQ YoY Dec '20 Dec '19 9M to 9M A1 Net Turnover In Rs Cr 83.73 87.61 99.32 99.18 86.26 4.6%
Slide 24: Others – Financial Details
OTHERS – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Sep '20 Dec '20 Dec '19 QoQ YoY Dec '20 Dec '19 9M to 9M A1 Net Turnover In Rs Cr 54.29 41.17 34.79 50.24 48.92 -24.2% -15.5%
Slide 25: Capex Details
CAPEX DETAILS Rs. Crores Budgeted 2014-15 to Estimated Particulars 2018-19 2019-20 9M 2020-21 2021-22 Total Cost 2017-18 in Q4 20-21 MDF 380.00 335.62 13.65 4.82 1.27 - - 355.36 MDF Expansion at Hoshiarpur 200.00 - - - - 30.00 170.00 200.00 Particle Board 67.73 60.53 - - - - 60.53 Laminate 62.50 48.
Slide 26: Term Loan Projection
TERM LOAN PROJECTION Rs. Crores PARTICULARS 2015-16 2016-17 2017-18 2018-19 2019-20 9M FY 21 Q4 FY 21 2021-22 2022-23 2023-24 OPENING - ECB 55.86 61.03 97.88 118.15 102.81 78.67 56.48 49.90 23.58 - - Buyer's Credit - PB & Others - - 9.60 11.61 - - - - - - - Buyer's Credit - MDF - - 73.67 82.12 41.09
Slide 27: Fund Flow Statement
FUND FLOW STATEMENT Rs. Crores SUMMARY FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Q1FY21 Q2FY21 Q3FY21 OPENING CASH/CASH EQUIVALENT 17.03 19.04 53.84 16.51 22.61 21.22 39.76 16.83 ADD: OPERATIONAL CASH INFLOW / (OUTFLOW) 220.40 210.82 158.11 260.02 212.28 26.07 -5.88 139.16 LESS: DIVIDEND PAYMENTS 60.0
Slide 28: Fund Flow Statement - continued
FUND FLOW STATEMENT - continued Rs. Crores LONG TERM CASH FLOW FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Q1FY21 Q2FY21 Q3FY21 INFLOWS Long Term Borrowings - Rupee Term Loan & Finance Lease 5.38 65.34 20.50 4.27 0.00 0.00 0.09 0.00 - Foreign Currency Loan 23.08 66.56 38.98 0.00 0.00 0.00 0.00 0.00 - Bu
Slide 29: Forex Exposure
FOREX EXPOSURE 31.12.20 vs 30.09.20 2019 vs 2020 PARTICULARS 31.03.2016 31.03.2017 31.03.2018 31.03.2019 31.03.2020 30.06.2020 30.09.2020 31.12.2020 Diff Diff % Diff Diff % AVERAGE FOREX BOOKING RATES @ Rs. - USD 64.17 67.61 64.96 64.04 72.94 77.20 77.86 78.85 0.99 1% 8.90 14% - EURO 71.99 74.48 75.
Slide 30: Summary – Consolidated Financials – Q3FY21
SUMMARY – CONSOLIDATED FINANCIALS – Q3FY21 SUBSIDIARIES Ara,Arha Ara, Century Consoli- Century Ply Auro Century Century Century Particulars Auro - Singapor m, Arham, Century Infotech Century Gabon & dated Standalone Sundara Singapor Myanma Myanma NCI e NCI Apnapan Adonis, Infotech NCI MDF Century To
Slide 31: Summary – Consolidated Financials – 9MFY21
SUMMARY – CONSOLIDATED FINANCIALS – 9MFY21 SUBSIDIARIES Ara,Arha Ara, Century Consoli- Century Ply Auro Century Century Century Particulars Auro - Singapor m, Arham, Century Infotech Century Gabon & dated Standalone Sundara Singapor Myanma Myanma NCI e NCI Apnapan Adonis, Infotech NCI MDF Century To
Slide 32: Thank You
Thank You For Further Information please contact : Abhishek Rathi +91 33 3041 4522 +91 98300 40887 abhishek.rathi@centuryply.com
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