Century Plyboards (india) Ltd. · NSE:CENTURYPLY
Century Plyboards (india) — Q4 FY2023 Earnings Presentation
30 slides from Century Plyboards (india)'s earnings presentation, May 15, 2023
Slide 1: Investor Presentation filing letter to exchanges
Date: 15th May, 2023 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 O
Slide 2: Financial Results Update for the Quarter ended 31st March, 2023
Financial Results Update for the Quarter ended 31ST MARCH, 2023
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 The current quarter is phenomenal in terms of achieving best ever quarterly Sales, EBIDTA, PBT and PAT in absolute terms. The best ever result is possible due to tremendous performance of Plywood division. Overall business scenario and improving visibility in the real estate & infra s
Slide 6: Balance Sheet
BALANCE SHEET Rs. Crores PARTICULARS 2018 2019 2020 2021 2022 2023 Net Worth (Including Share Capital -22.25 Cr) 837.95 969.12 1,073.38 1,264.88 1,564.87 1,897.97 Debt - Long Term Debt (Excl Current Maturities) - FCY 96.44 72.29 51.50 23.73 - - - Long Term Debt (Excl Current Maturities) - INR 70.50
Slide 7: Net Borrowings & Treasury Assets
NET BORROWINGS & TREASURY ASSETS Rs. Crores Rate of Long Term * Current BORROWINGS Total Interest Debt Maturities Long term Debt - ECB (FCY) 3.10% - - - Long term Debt - Finance Lease (INR) 8.73% 0.18 0.14 0.32 Sub Total 8.73% 0.18 0.14 0.32 Short Term Debt - Packing Credit 3.46% - - 90.50 - Cash Cr
Slide 8: Key Ratios
KEY RATIOS KEY RATIOS 2018-19 2019-20 2020-21 2021-22 2022-23 *Q1FY23 *Q2FY23 *Q3FY23 *Q4FY23 Return on Avg Equity (ROAE) (%) 17.58% 15.49% 16.43% 22.99% 21.19% 23.93% 18.13% 18.68% 24.51% Return on Avg Capital Employed (ROACE) (%) 17.88% 17.60% 20.00% 31.07% 25.97% 29.36% 22.22% 23.12% 30.33% Total
Slide 9: Working Capital Cycle
WORKING CAPITAL CYCLE RATIOS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Net Sales for the Period In Rs Cr 2,263.83 2,282.68 2,113.48 3,000.88 3,620.65 881.48 900.20 877.17 961.81 Debtor In Rs Cr 293.55 258.16 297.01 348.87 384.68 365.45 370.39 343.98 384.68 Annualized D
Slide 10: Profit & Loss - Summary
PROFIT & LOSS - SUMMARY Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Dec'22 Mar'23 Mar'22 QoQ YoY A1 NET TURNOVER In Rs Cr 2,247.62 2,270.24 2,103.13 2,982.97 3,606.43 1.0% -7.4% 41.8% 20.9% 872.94 959.03 889.15 9.9%
Slide 11: Profit & Loss - Summary - continued
PROFIT & LOSS – SUMMARY - continued Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Dec'22 Mar'23 Mar'22 QoQ YoY I1 EBIT (E1 - H) In Rs Cr 256.44 247.63 271.62 489.80 509.46 -3.4% 9.7% 80.3% 4.0% 113.08 157.59 148.95 39
Slide 12: Plywood - Volume Details
PLYWOOD – VOLUME DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Dec'22 Mar'23 Mar'22 QoQ YoY A VOLUME A1 -Plywood CBM 2,20,442 2,20,813 2,07,665 2,81,040 3,44,028 0.2% -6.0% 35.3% 22.4% 83,592 94,546 82,320 13.
Slide 13: Plywood - Financial Details
PLYWOOD – FINANCIAL DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Dec'22 Mar'23 Mar'22 QoQ YoY A1 NET TURNOVER In Rs Cr 1,273.39 1,230.99 1,120.12 1,579.32 2,006.91 -3.3% -9.0% 41.0% 27.1% 481.35 566.45 475.76
Slide 14: Laminates - Volume Details
LAMINATES – VOLUME DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Dec'22 Mar'23 Mar'22 QoQ YoY A VOLUME A1 - Laminates NOS. 58,58,029 61,61,428 54,87,222 67,06,596 71,50,683 5.2% -10.9% 22.2% 6.6% 16,38,755 17,
Slide 15: Laminates - Financial Details
LAMINATES – FINANCIAL DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2022-23 Dec'22 Mar'23 Mar'22 2018-19 2019-20 2020-21 2021-22 19 vs 20 20 vs 21 21 vs 22 22 vs 23 QoQ YoY A1 Net Turnover In Rs Cr 432.19 454.58 407.96 567.06 651.26 5.2% -10.3% 39.0% 14.8% 156.34 158.98 168.85 1.7% -5
Slide 16: MDF - Volume Details
MDF – VOLUME DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 VS 20 20 vs 21 21 vs 22 22 vs 23 Dec'22 Mar'23 Mar'22 QoQ YoY A VOLUME A1 PLAIN MDF CBM 1,15,563 1,30,989 1,21,617 1,40,846 1,42,915 13.3% -7.2% 15.8% 36,798 36,427 38,426 -1.0% -5.2%
Slide 17: MDF - Financial Details
MDF – FINANCIAL DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Dec'22 Mar'23 Mar'22 QoQ YoY A1 NET REVENUE - External Sales In Rs Cr 295.13 350.38 359.24 555.43 637.61 18.7% 2.5% 54.6% 165.42 160.50 162.64 -3.0
Slide 18: Particle Board - Volume Details
PARTICLE BOARD – VOLUME DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Dec'22 Mar'23 Mar'22 QoQ YoY A VOLUME A1 PLAIN PARTICLE BOARD CBM 25,916 28,340 23,680 22,154 15,773 9.4% -16.4% -6.4% -28.8% 2,320 4,061 5
Slide 19: Particle Board - Financial Details
PARTICLE BOARD – FINANCIAL DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Dec'22 Mar'23 Mar'22 QoQ YoY A1 NET REVENUE In Rs Cr 97.47 99.11 90.08 150.55 174.00 1.7% -9.1% 67.1% 15.6% 38.45 37.22 46.76 -3.2% -20.
Slide 20: Logistics (CFS) - Volume Details
LOGISTICS (CFS) – VOLUME DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Dec'22 Mar'23 Mar'22 QoQ YoY A VOLUME A1 - CFS TEUs 69,055 59,904 53,356 54,482 50,013 -13.3% -10.9% 2.1% -8.2% 12,445 13,133 15,848 5.5%
Slide 21: Logistics (CFS) - Financial Details
LOGISTICS (CFS) – FINANCIAL DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Dec'22 Mar'23 Mar'22 QoQ YoY A1 Net Turnover In Rs Cr 99.18 86.26 82.26 77.52 80.85 -13.0% -4.6% -5.8% 4.3% 19.52 23.12 21.41 18.4% 8.0
Slide 22: Others - Financial Details
OTHERS – FINANCIAL DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Dec'22 Mar'23 Mar'22 QoQ YoY A1 Net Turnover In Rs Cr 50.24 48.92 43.47 53.08 55.80 -2.6% -11.1% 22.1% 5.1% 11.87 12.75 13.75 7.5% -7.2% A2 Add:
Slide 23: Capex Details
CAPEX DETAILS Rs. Crores 2014-15 to Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 Total 2017-18 MDF - Hoshiarpur Plant 335.62 13.65 4.82 1.42 - - - - 355.51 MDF - Expansion at Hoshiarpur - - - 15.74 129.84 109.62 - - 255.20 MDF - Greenfield at Andhra Pradesh * - - - - 36.05 145
Slide 24: Term Loan Projection
TERM LOAN PROJECTION Rs. Crores PARTICULARS 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 OPENING - ECB 118.15 102.81 78.67 50.21 24.47 - - - Buyer's Credit - PB & Others 11.61 - - - - - - Buyer's Credit - MDF 82.12 41.09 - - 55.81 72.95 72.95 - Rupee Term Loan 82.68 68.30 - - - - Total 29
Slide 25: Fund Flow Statement
FUND FLOW STATEMENT Rs. Crores SUMMARY FY 2019 FY 2020 FY 2021 FY 2022 Q1FY23 Q2FY23 Q3FY23 Q4FY23 FY 2023 OPENING CASH/CASH EQUIVALENT 16.51 22.61 21.22 186.01 249.27 270.42 263.95 271.36 249.27 ADD: OPERATIONAL CASH INFLOW / (OUTFLOW) 260.02 212.28 244.75 242.60 98.47 113.20 126.42 69.80 407.89 LE
Slide 26: Fund Flow Statement - continued
FUND FLOW STATEMENT - continued Rs. Crores LONG TERM CASH FLOW FY 2019 FY 2020 FY 2021 FY 2022 Q1FY23 Q2FY23 Q3FY23 Q4FY23 FY 2023 INFLOWS Long Term Borrowings - Rupee Term Loan & Finance Lease 4.27 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - Foreign Currency Loan 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.
Slide 27: Forex Exposure
FOREX EXPOSURE 31.03.23 vs 31.12.22 PARTICULARS 31.03.2019 31.03.2020 31.03.2021 31.03.2022 30.06.2022 30.09.2022 31.12.2022 31.03.2023 Diff Diff % AVERAGE FOREX BOOKING RATES @ Rs. - USD 64.04 72.94 71.26 75.14 76.33 77.28 77.14 78.33 1.19 1.5% - EURO 81.73 80.61 83.41 82.84 81.97 80.89 82.32 86.28
Slide 28: Summary - Consolidated Financials - Q4FY23
SUMMARY – CONSOLIDATED FINANCIALS – Q4FY23 SUBSIDIARIES Century Ara,Arha Ara, Consoli- Century Ply Auro Century Century Century MDF, Century Particulars Auro - Singapor m, Arham, Century Infotech Century dated Standalone Sundara Singapor Myanma Myanma Panel, Gabon - NCI e NCI Apnapan Adonis, Infotec
Slide 29: Summary - Consolidated Financials - FY 2022-23
SUMMARY – CONSOLIDATED FINANCIALS – FY 2022-23 SUBSIDIARIES Century Ara,Arha Ara, Consoli- Century Ply Auro Century Century Century MDF, Century Particulars Auro - Singapor m, Arham, Century Infotech Century dated Standalone Sundara Singapor Myanma Myanma Panel, Gabon - NCI e NCI Apnapan Adonis, Inf
Slide 30: Thank You
o — — a CENTURYPLY Thank You ‘* CENTURYPLY
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