Century Plyboards (india) Ltd. · NSE:CENTURYPLY
Century Plyboards (india) — Investor Presentation (November 2021)
41 slides from Century Plyboards (india)'s investor presentation, November 2021
Slide 1: Century Plyboards (India) Limited November 2021 Corporate Presentation
Century Plyboards (India) Limited November Corporate 2021 Presentation
Slide 2: Safe Harbour
November Corporate 02 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com This presentation and the accompanying slides (the “Presentation”), which have been prepared by Century Plyboards (India) Limited (the “Company”), have been prepared Safe solely for information purposes and
Slide 3: Table of Contents
November Corporate 03 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Table of Contents page no. Company Overview 04 Journey So Far 22 Recent Game Changing Initiatives 23 Building Blocks To Create Shareholder Value 24 Benchmarking with Best Corporate Governance 25 TAM vs CPIL’
Slide 4: Company Overview
November Corporate 04 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Company One-Stop Shop Overview Company at a Glance Solutions wood panel company CPIL’s products Key Business Pan India Robust and brands Moats Manufacturing Distribution Prowess Network Strong Brand Key Our
Slide 5: Company at a Glance
November Corporate 05 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Co mpa n y Ov e rvi ew Company at a Glance 35 years of 10,700+ No. 1 Wood Only wood 12 Largest Existence Employees Panel company panel company Manufacturing Plywood in India to be present Plants manufacturin
Slide 6: One-stop shop solutions company
November Corporate 06 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Co mpa n y Ov e rvi ew One-stop shop solutions company Companies Plywood & Doors Deco Veneer Laminate Particle MDF Block Board / Plywood Board
Slide 7: One-stop shop solutions company: business model evolution
November Corporate 07 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Co mpa n y Ov e rvi ew One-stop shop solutions company CPIL’s evolution of business model over past 5 years FY16 revenue mix FY21 revenue mix 3.3% 2.0% 5.1% 3.9% 17.1% 20.4% 4.3% 53.3% 71.3% 19.4% Plywood La
Slide 8: Key Products and Brands
November Corporate 08 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Co mpa n y Ov e rvi ew Key Products and Brands THE 1 MM 2020-22 Decorative Exterior Laminates
Slide 9: Key Business Moats
November Corporate 09 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Co mpa n y Ov e rvi ew Key Business Moats Resilient Unprecedented Strong BRAND Strong Proven Robust and BUSINESS focus on recall MANUFACTURING EXECUTION widespread MODEL with QUALITY prowess Capabilities Dis
Slide 10: Pan-India Manufacturing Prowess
November Corporate 10 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Co mpa n y Ov e rvi ew Pan-India Manufacturing 8 6 3 Prowess 4 Manufacturing Facilities Plywood 5 1 7 1 Bishnupur, West Bengal 2 Chinnappolapuram, Gummidipoondi, Tamil Nadu 3 Taraori, Haryana 4 Kamrup, Assam
Slide 11: Robust Distribution Network
November Corporate 11 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Co mpa n y Ov e rvi ew DISTRIBUTION MODEL Robust Distribution Network Plywood Factory Warehouse Dealer Branch Offices: Retailers: 24 18,500+ Laminate Factory RDC Distributor Retailer Dealers: 2,200+ Stockies
Slide 12: Strong Brand Presence
November Corporate 12 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Co mpa n y Ov e rvi ew Strong Brand PRESENCE Aggression in brand spends A&P Spends (H Crore) % of Revenue Highest A&P Spent Rs 82 crore spends in the (3.9% of revenue) 62.6 75.5 56.4 74.9 88.5 82.1 industry
Slide 13: Strong Brand Presence: Impactful TVCs
November Corporate 13 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Co mpa n y Ov e rvi ew Strong Brand PF Ply – 1997 Khushiyon Ka Rangmanch – Sab Sahe Mast Rahe 2 – 2016 PRESENCE 2014 Impactful TVCs in the past Sab Sahe Mast Rahe – 2005 Century Laminates Brand – Sab Sahe Ma
Slide 14: Strong Brand Presence: Recent TVC campaigns
November Corporate 14 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Co mpa n y Ov e rvi ew Strong Brand PRESENCE Recent TVC ViroKill feature introduced – 2020 Sainik One Nation One Price campaigns driving implemented – 2021 market disruptions/ innovations FireWall technology
Slide 15: Key Milestones
November Corporate 15 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Co mpa n y Ov e rvi ew Key Milestones Merger of Cement and Ferro - Launch of new age products - wood 1986 The Journey begins 2006 Alloys business with CPIL 2016 polymer composite and fiber cement board - Par
Slide 16: Backed by Strong Leadership Team
November Corporate 16 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Co mpa n y Ov e rvi ew Backed by Strong Leadership Team Promoters/Directors Shri Sajjan Bhajanka Shri Sanjay Agarwal Shri Vishnu Khemani Shri Prem Kumar Bhajanka Chairman & Managing Director CEO & Managing D
Slide 17: Independent Directors
November Corporate 17 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Co mpa n y Ov e rvi ew Independent Directors Smt. Mamta Binani Shri J. P. Dua Shri Sunil Mitra Shri Probir Roy Age: 49 years Age: 69 years Age: 70 years Age: 77 years Experience: 24 years Experience: 44 year
Slide 18: Independent Directors (continued)
November Corporate 18 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Shri Vijay Chhibber Shri Debanjan Mandal Shri Amit Kiran Deb Shri Naresh Pachisia Age: 65 years Age: 48 years Age: 73 years Age: 59 years Experience: 41 years Experience: 31 years Experience: 47 years Experi
Slide 19: Core Professional team
November Corporate 19 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Co mpa n y Ov e rvi ew Core Professional team Martin Alexander Cameron Shankho Chaudhary Designation: MDF Head - Production & Quality Designation: President - Decoratives Age: 56 Years Age: 60 Years Experien
Slide 20: Core Professional team
November Corporate 20 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Co mpa n y Ov e rvi ew Core Professional team Manik Paul Avtar Singh Bhullar Designation: Chief Information Officer - SAP & IT Designation: Senior Vice President -MDF & Particle Board Age: 53 Years Age: 56 Y
Slide 21: Management Vision – Sarvada Sarvottam
November Corporate 21 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Co mpa n y Ov e rvi ew Management Vision – “Sarvada Sarvottam” Our constant endeavour is to be ‘Sarvada Sarvottam – The Best Always’ in: TRUST QUALITY INNOVATION CUSTOMER PEOPLE FOCUS DEVELOPMENT
Slide 22: CPIL Journey so far…
November Corporate 22 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com CPIL Journey so far… Particulars *FY08-15 FY16-20 FY21 FY21: Year of Transformation with historical best profitability Business Cycle Upcycle Downcycle Downcycle in worst of times Revenue CAGR 14.8% 8.7% -7.
Slide 23: Recent Game Changing initiatives
November Corporate 23 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Recent Game Changing initiatives Initiative Year of Positioning Introduction Vector Consultants FY18 The agency was hired in FY19. It has improved efficiency in supply chain management and distribution. It h
Slide 24: Building Blocks to Create Shareholder Value
November Corporate 24 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Building BlocKs to Create Shareholder Value CPIL Strong Scalable Sustainable Sustainable Corporate Business Earnings Moats Governance • Large addressable • Strong cashflow • Experienced • Most quality market
Slide 25: Benchmarking with Best Corporate Governance
November Corporate 25 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Benchmarking with Best Corporate Governance I. Core Values II. Capital Allocation III. Deleveraging of Strategy Balance Sheet • Experienced and • Capex to be met largely • Lean balance sheet to diversified p
Slide 26: FY21: TAM vs. CPIL’s Market Share
November Corporate 26 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com FY21: TAM vs. CPIL’s Market Share Categories TAM - Total CPIL’s Overall CPIL’s Huge opportunity for CPIL to scale Addressable market share Organised up in the wood panel space Market market share • In FY21,
Slide 27: Macro Outlook
November Corporate 27 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Macro Outlook Building Building Real Estate Real Estate Materials – Materials – Proxy sector – Current sector – Future Sustainable, play to real Status Outlook Scalable and estate sector Structural Building
Slide 28: Real Estate Sector – Current Status
November Corporate 28 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com M ac ro O ut l o o k Real Estate Sector – Current Status Residential real estate sector Residential segment has emerged stronger since the onset of Covid Low mortgage rates, Govt sops, stagnant property pric
Slide 29: Real Estate Sector – Future Outlook
November Corporate 29 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com M ac ro O ut l o o k Real Estate Sector – Future Outlook Residential real estate sector Demand for residential segment is likely to remain buoyant in the near to medium term driven by low mortgage rates, sta
Slide 30: Building Materials – An ‘S.S.S’ Opportunity
November Corporate 30 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com M ac ro O ut l o o k Building Materials – An ‘S.S.S’ Opportunity Building Materials is a preferred proxy play to the real estate sector driven by: Sustainability in Scalable opportunity Structural theme - re
Slide 31: Building Materials: Wood panels at deep value?
November Corporate 31 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com M ac ro O ut l o o k Building Materials : Wood panels at deep value? Building Material Categories Industry size Mcap of key Mcap / Key Players (Rs crore) listed players Industry size (Rs crore) (x) Wires, Ca
Slide 32: Wood Panel Sector – Current Status
November Corporate 32 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com M ac ro O ut l o o k Wood Panel Sector – Current Status • The size of the wood panel industry stood is pegged at Segment Size (Rs crore) Normalised Rs 33,000 crore in FY21 Growth rate • Wood panel industry i
Slide 33: Wood Panel Sector – Future Outlook
November Corporate 33 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com M ac ro O ut l o o k Wood Panel Sector – Future Outlook The wood panel industry is The industry is expected to MDF industry would continue expected to become further grow in double-digits over to grow faster
Slide 34: ROADMAP: Journey to Rs 5,000 crore Revenue
November Corporate 34 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com ROADMAP: Journey to Rs 5,000 crore Revenue Wood Panel industry likely to grow in double-digit over next 5 years • MDF and Particle board industry to grow in excess of 15% CAGR • Organised plywood and laminat
Slide 35: Journey to Rs 5,000 crore ……
November Corporate 35 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Journey to Rs 5,000 crore …… Large addressable market + Strong OCF = Reinvestment opportunity • Current Gross Block at Rs 1,140 crore (created over past 35 years) • To initiate capex of Rs 1,230 crore over n
Slide 36: Roadmap in charts
November Corporate 36 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Roadmap Industry Size 225 307 50 82 25 57 30 60 330 506 (Rs. Bn) in charts FY21 FY26 FY21 FY26 FY21 FY26 FY21 FY26 FY21 FY26 Plywood Laminates MDF Particle Total Wood (Rs. Bn) (Rs. Bn) (Rs. Bn) Board Panel (
Slide 37: Our CSR Activities
November Corporate 37 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Our CSR Activities Healthcare activities Educational support • Marwari Relief Society: Provides support to the operations • Friends of Tribal Society: The Company adopts Ekal and running kitchen at the hospi
Slide 38: Annexure
November Corporate 38 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Annexure
Slide 39: Our transformation over last 5 years
November Corporate 39 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Our transformation over last 5 years Revenues EBITDA EBITDA Margin (H Crore) (H Crore) (H Crore) FY21 2,113.48 FY21 334.25 FY21 15.8% FY20 2,282.68 FY20 315.18 FY20 13.8% FY19 2,263.83 FY19 306.43 FY19 13.5%
Slide 40: Our transformation over last 5 years
November Corporate 40 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Our transformation over last 5 years OCF Net Debt Debt/EBITDA (H Crore) (H Crore) (x) FY21 358.9 FY21 (104.54) FY21 0.24 FY20 426.0 FY20 167.59 FY20 0.64 FY19 225.9 FY19 445.62 FY19 1.53 FY18 283.4 FY18 343.
Slide 41: Any Questions?
November Corporate 41 Century Plyboards (India) Limited 2021 Presentation www.centuryply.com Any Questions? For further information, please contact: Nehal Shah Chief Strategy Officer Century Plyboards (I) Ltd Email: nehal@centuryply.com
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