Century Plyboards (india) Ltd. · NSE:CENTURYPLY
Century Plyboards (india) — Q3 FY2022 Earnings Presentation
30 slides from Century Plyboards (india)'s earnings presentation, Jan 28, 2022
Slide 1: Exchange cover letter: Investor Presentation
Date: 28th January, 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 (Listi
Slide 2: Financial Results Update for the Quarter and nine months ended 31st December, 2021
Financial Results Update for the Quarter and nine months ended 31st DECEMBER, 2021
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 & Fina
Slide 5: Key Highlights
KEY HIGHLIGHTS Q3FY22 ended with the company achieving best ever quarterly sales, although margins were bit lower sequentially due to increase in input cost but were in line with our expectations. MDF has done exceptionally well and we believe that it will continue to perform in similar trend. In cu
Slide 6: Balance Sheet
BALANCE SHEET Rs. Crores PARTICULARS 2017 2018 2019 2020 2021 As on 30.06.21 As on 30.09.21 As on 31.12.21 Net Worth (Including Share Capital -22.25 Cr) 708.63 837.95 969.12 1,073.38 1,264.88 1,298.63 1,377.79 1,474.13 Debt - Long Term Debt (Excl Current Maturities) - FCY 78.74 96.44 72.29 51.50 23.
Slide 7: 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) 1.43% 3.91 26.77 30.68 Long term Debt - Finance Lease (INR) 8.73% 0.23 0.32 0.55 Sub Total 31.23 Short Term Debt - Packing Credit 4.02% - - 43.00 - Cas
Slide 8: Key Ratios
KEY RATIOS KEY RATIOS 2016-17 2017-18 2018-19 2019-20 2020-21 Q1FY22 Q2FY22 Q3FY22 Return on Avg Equity (ROAE) (%) 30.08% 20.26% 17.58% 15.49% 16.43% 10.57% 30.81% 27.29% Return on Avg Capital Employed (ROACE) (%) 22.89% 17.21% 17.88% 17.60% 20.00% 13.98% 40.36% 35.59% Total Outside Liabilities to N
Slide 9: Working Capital Cycle
WORKING CAPITAL CYCLE RATIOS UNIT 2016-17 2017-18 2018-19 2019-20 2020-21 Q1FY22 Q2FY22 Q3FY22 Net Sales for the Period In Rs Cr 1,782.46 1,967.22 2,263.83 2,282.68 2,113.48 448.88 808.29 848.45 Debtor In Rs Cr 335.27 314.46 293.55 258.16 297.01 255.65 334.90 328.35 Annualized Debtor Days (A) 69 58
Slide 10: Profit & Loss - Summary
PROFIT & LOSS - SUMMARY Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2016-17 2017-18 2018-19 2019-20 2020-21 17 vs 18 18 vs 19 19 vs 20 20 vs 21 Sep '21 Dec '21 Dec '20 QoQ YoY Dec '21 Dec '20 9M to 9M A1 NET TURNOVER In Rs Cr 1,773.14 1,953.11 2,247.62 2,270.24 2,103.13 10.
Slide 11: Profit & Loss - Summary - continued
PROFIT & LOSS – SUMMARY - continued Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2016-17 2017-18 2018-19 2019-20 2020-21 17 vs 18 18 vs 19 19 vs 20 20 vs 21 Sep '21 Dec '21 Dec '20 QoQ YoY Dec '21 Dec '20 9M to 9M I1 EBIT (E1 - H) In Rs Cr 262.33 231.69 256.44 247.63 271.62
Slide 12: Plywood – Volume Details
PLYWOOD – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2016-17 2017-18 2018-19 2019-20 2020-21 17 vs 18 18 vs 19 19 vs 20 20 vs 21 Sep '21 Dec '21 Dec '20 QoQ YoY Dec '21 Dec '20 9M to 9M A VOLUME A1 -Plywood CBM 1,97,474 2,08,382 2,20,442 2,20,813 2,07,665 5.
Slide 13: Plywood – Financial Details
PLYWOOD – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2016-17 2017-18 2018-19 2019-20 2020-21 17 vs 18 18 vs 19 19 vs 20 20 vs 21 Sep '21 Dec '21 Dec '20 QoQ YoY Dec '21 Dec '20 9M to 9M A1 NET TURNOVER In Rs Cr 1,260.93 1,263.30 1,273.39 1,230.99 1,120.1
Slide 14: Laminates – Volume Details
LAMINATES – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2016-17 2017-18 2018-19 2019-20 2020-21 17 vs 18 18 vs 19 19 vs 20 20 vs 21 Sep '21 Dec '21 Dec '20 QoQ YoY Dec '21 Dec '20 9M to 9M A VOLUME A1 - Laminates NOS. 49,25,024 54,06,918 58,58,029 61,61,428 5
Slide 15: Laminates – Financial Details
LAMINATES – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT Dec '21 Dec '20 Dec '21 Dec '20 9M to 9M 2016-17 2017-18 2018-19 2019-20 2020-21 17 vs 18 18 vs 19 19 vs 20 20 vs 21 Sep '21 QoQ YoY A1 Net Turnover In Rs Cr 363.57 369.95 432.19 454.58 407.96 1.8% 1
Slide 16: MDF – Volume Details
MDF – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2016-17 2017-18 2018-19 2019-20 2020-21 17 vs 18 18 VS 19 19 VS 20 20 vs 21 Sep '21 Dec '21 Dec '20 QoQ YoY Dec '21 Dec '20 9M to 9M A VOLUME A1 PLAIN MDF CBM - 48,307 1,15,563 1,30,989 1,21,617 - 139.2% 13.3%
Slide 17: MDF – Financial Details
MDF – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2016-17 2017-18 2018-19 2019-20 2020-21 17 vs 18 18 vs 19 19 vs 20 20 vs 21 Sep '21 Dec '21 Dec '20 QoQ YoY Dec '21 Dec '20 9M to 9M A1 NET REVENUE - External Sales In Rs Cr - 112.80 295.13 350.38 359.24 -
Slide 18: Particle Board – Volume Details
PARTICLE BOARD – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2016-17 2017-18 2018-19 2019-20 2020-21 17 vs 18 18 vs 19 19 vs 20 20 vs 21 Sep '21 Dec '21 Dec '20 QoQ YoY Dec '21 Dec '20 9M to 9M A VOLUME A1 PLAIN PARTICLE BOARD CBM 13,141 23,808 25,916 28,340
Slide 19: Particle Board – Financial Details
PARTICLE BOARD – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth % SL PARTICULARS UNIT 2016-17 2017-18 2018-19 2019-20 2020-21 17 vs 18 18 vs 19 19 vs 20 20 vs 21 Sep '21 Dec '21 Dec '20 QoQ YoY Dec '21 Dec '20 9M to 9M A1 NET REVENUE - EXTERNAL SALES In Rs Cr 23.13 72.93 97.47 99
Slide 20: Logistics (CFS) – Volume Details
LOGISTICS (CFS) – VOLUME DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2016-17 2017-18 2018-19 2019-20 2020-21 17 vs 18 18 vs 19 19 vs 20 20 vs 21 Sep '21 Dec '21 Dec '20 QoQ YoY Dec '21 Dec '20 9M to 9M A VOLUME A1 - CFS TEUs 80,153 80,936 69,055 59,904 53,356 1.0% -
Slide 21: Logistics (CFS) – Financial Details
LOGISTICS (CFS) – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2016-17 2017-18 2018-19 2019-20 2020-21 17 vs 18 18 vs 19 19 vs 20 20 vs 21 Sep '21 Dec '21 Dec '20 QoQ YoY Dec '21 Dec '20 9M to 9M A1 Net Turnover In Rs Cr 87.61 99.32 99.18 86.26 82.26 13.4%
Slide 22: Others – Financial Details
OTHERS – FINANCIAL DETAILS Annual Growth % Quarter Growth % 9 Months Growth% SL PARTICULARS UNIT 2016-17 2017-18 2018-19 2019-20 2020-21 17 vs 18 18 vs 19 19 vs 20 20 vs 21 Sep '21 Dec '21 Dec '20 QoQ YoY Dec '21 Dec '20 9M to 9M A1 Net Turnover In Rs Cr 41.17 34.79 50.24 48.92 43.47 -15.5% 44.4% -2
Slide 23: Capex Details
CAPEX DETAILS Rs. Crores Budgeted 2014-15 to Q4 2021-22 Particulars 2018-19 2019-20 2020-21 9M FY 22 Total Cost 2017-18 Onwards MDF - Hoshiarpur Plant 380.00 335.62 13.65 4.82 1.42 - - 355.51 MDF - Expansion at Hoshiarpur 220.00 - - - 15.74 24.96 179.30 220.00 MDF - Greenfield at Andhra Pradesh * 60
Slide 24: Term Loan Projection
TERM LOAN PROJECTION Rs. Crores PARTICULARS 2016-17 2017-18 2018-19 2019-20 2020-21 9MFY22 Q4FY22 2022-23 OPENING - ECB 61.03 97.88 118.15 102.81 78.67 50.21 30.68 23.99 - Buyer's Credit - PB & Others - 9.60 11.61 - - - - - - Buyer's Credit - MDF - 73.67 82.12 41.09 - - - - - Rupee Term Loan 39.34 8
Slide 25: Fund Flow Statement
FUND FLOW STATEMENT Rs. Crores SUMMARY FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 Q1FY22 Q2FY22 Q3FY22 OPENING CASH/CASH EQUIVALENT 19.04 53.84 16.51 22.61 21.22 186.01 70.97 161.46 ADD: OPERATIONAL CASH INFLOW / (OUTFLOW) 210.82 158.11 260.02 212.28 244.75 -90.35 154.11 165.72 LESS: DIVIDEND PAYMENTS
Slide 26: Fund Flow Statement - continued
FUND FLOW STATEMENT - continued Rs. Crores LONG TERM CASH FLOW FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 Q1FY22 Q2FY22 Q3FY22 INFLOWS Long Term Borrowings - Rupee Term Loan & Finance Lease 65.34 20.50 4.27 0.00 0.00 0.00 0.01 0.01 - Foreign Currency Loan 66.56 38.98 0.00 0.00 0.00 0.00 0.00 0.00 - Buy
Slide 27: Forex Exposure
FOREX EXPOSURE 31.12.21 vs 30.09.21 PARTICULARS 31.03.2017 31.03.2018 31.03.2019 31.03.2020 31.03.2021 30.06.2021 30.09.2021 31.12.2021 Diff Diff % AVERAGE FOREX BOOKING RATES @ Rs. - USD 67.61 64.96 64.04 72.94 71.26 74.60 74.94 74.92 0.32 0% - EURO 74.48 75.26 81.73 80.61 83.41 94.70 91.95 87.54 (
Slide 28: Summary – Consolidated Financials – Q3FY22
SUMMARY – CONSOLIDATED FINANCIALS – Q3FY22 SUBSIDIARIES Ara,Arha Ara, Century Consoli- Century Ply Auro Century Century Century Century Particulars Auro - Singapor m, Arham, Century Infotech MDF, Century dated Standalone Sundara Singapor Myanma Myanma Gabon - NCI e NCI Apnapan Adonis, Infotech NCI P
Slide 29: Summary – Consolidated Financials – 9MFY22
SUMMARY – CONSOLIDATED FINANCIALS – 9MFY22 SUBSIDIARIES Ara,Arha Ara, Century Consoli- Century Ply Auro Century Century Century Century Particulars Auro - Singapor m, Arham, Century Infotech MDF, Century dated Standalone Sundara Singapor Myanma Myanma Gabon - NCI e NCI Apnapan Adonis, Infotech NCI P
Slide 30: 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) — Q3 FY2022 Earnings Presentation on 6ix