Century Plyboards (india) Ltd. · NSE:CENTURYPLY
Century Plyboards (india) — Q2 FY2024 Earnings Presentation
30 slides from Century Plyboards (india)'s earnings presentation, Nov 8, 2023
Slide 1: Exchange filing cover letter: Investor Presentation
Date: 8th November, 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 (Listi
Slide 2: Financial Results Update for the Quarter ended 30th September, 2023
Financial Results Update for the Quarter ended 30th September, 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 1-2 Balance Sheet 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 & Financials 14 - 15 Logistics (CFS) -
Slide 5: Key Highlights
KEY HIGHLIGHTS The financial results for the second quarter of FY24 have surpassed the previous quarter both in terms of revenue and profit despite the challenging market situation and upward trend in prices for key raw materials. Going forward we expect to continue to upscale our revenue and profit
Slide 6: Key Highlights - Continued
KEY HIGHLIGHTS - Continued On YoY basis MDF revenue improved from Rs. 156.76 Crore to Rs. 196.67 Crore and EBIDTA margins are increased from 25.2% to 26.5%. The EBIDTA margins for the current quarter included Rs 7.75 Crore on account of arrear electric subsidy. After taking out effect of this Rs. 7.
Slide 7: Balance Sheet
BALANCE SHEET ₹ Crores PARTICULARS 2019 2020 2021 2022 2023 As on 30.06.23 As on 30.09.23 Net Worth (Including Share Capital -22.25 Cr) 969.12 1,073.38 1,264.88 1,564.87 1,897.97 1,981.97 2,048.16 Debt - Long Term Debt (Excl Current Maturities) - FCY 72.29 51.50 23.73 - - - - - Long Term Debt (Excl
Slide 8: Key Ratios
KEY RATIOS KEY RATIOS 2018-19 2019-20 2020-21 2021-22 2022-23 *Q1FY24 *Q2FY24 Return on Avg Equity (ROAE) (%) 17.58% 15.49% 16.43% 22.99% 21.19% 21.06% 23.29% Return on Avg Capital Employed (ROACE) (%) 17.88% 17.60% 20.00% 31.07% 25.97% 25.54% 27.80% Total Outside Liabilities to Net Worth (TOL/TNW)
Slide 9: Working Capital Cycle
WORKING CAPITAL CYCLE RATIOS UNIT 2018-19 2019-20 2020-21 2021-22 2022-23 Q1FY24 Q2FY24 Net Sales for the Period In Rs Cr 2,263.83 2,282.68 2,113.48 3,000.88 3,620.65 882.39 987.92 Debtor In Rs Cr 293.55 258.16 297.01 348.87 384.68 388.00 392.66 Annualized Debtor Days (A) 47.33 41.28 51.29 42.43 38.
Slide 10: Profit & Loss - Summary
PROFIT & LOSS - SUMMARY Annual Growth % Quarter Growth % Half Year 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 Jun'23 Sep'23 Sep'22 QoQ YoY Sep'23 Sep'22 H1 to H1 A1 NET TURNOVER In Rs Cr 2,247.62 2,270.24 2,103.13 2,982.97 3,606.43 1.0% -7
Slide 11: Profit & Loss - Summary - continued
PROFIT & LOSS – SUMMARY - continued Annual Growth % Quarter Growth % Half Year 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 Jun'23 Sep'23 Sep'22 QoQ YoY Sep'23 Sep'22 H1 to H1 I1 EBIT (E1 - H) In Rs Cr 256.44 247.63 271.62 489.80 509.46 -3.4
Slide 12: Plywood - Volume Details
PLYWOOD – VOLUME DETAILS Annual Growth % Quarter Growth % Half Year 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 Jun'23 Sep'23 Sep'22 QoQ YoY Sep'23 Sep'22 H1 to H1 A VOLUME A1 -Plywood CBM 2,20,442 2,20,813 2,07,665 2,81,040 3,44,028 0.2% -
Slide 13: Plywood - Financial Details
PLYWOOD – FINANCIAL DETAILS Annual Growth % Quarter Growth % Half Year 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 Jun'23 Sep'23 Sep'22 QoQ YoY Sep'23 Sep'22 H1 to H1 A1 NET TURNOVER In Rs Cr 1,273.39 1,230.99 1,120.12 1,579.32 2,006.91 -3.
Slide 14: Laminates - Volume Details
LAMINATES – VOLUME DETAILS Annual Growth % Quarter Growth % Half Year 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 Jun'23 Sep'23 Sep'22 QoQ YoY Sep'23 Sep'22 H1 to H1 A VOLUME A1 - Laminates NOS. 58,58,029 61,61,428 54,87,222 67,06,596 71,50
Slide 15: Laminates - Financial Details
LAMINATES – FINANCIAL DETAILS Annual Growth % Quarter Growth % Half Year Growth % SL PARTICULARS UNIT 2018-19 2019-20 2020-212021-22 2022-23* 19 vs 20 20 vs 21 21 vs 22 22 vs 23 Jun'23 Sep'23 Sep'22 QoQ YoY Sep'23 Sep'22 H1 to H1 A1 Net Turnover In Rs Cr 432.19 454.58 407.96 567.06 651.26 5.2% -10.3
Slide 16: MDF - Volume Details
MDF – VOLUME DETAILS Annual Growth % Quarter Growth % Half Year 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 Jun'23 Sep'23 Sep'22 QoQ YoY Sep'23 Sep'22 H1 to H1 A VOLUME A1 PLAIN MDF CBM 1,15,563 1,30,989 1,21,617 1,40,846 1,42,915 13.3% -7.
Slide 17: MDF - Financial Details
MDF – FINANCIAL DETAILS Annual Growth % Quarter Growth % Half Year 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 Jun'23 Sep'23 Sep'22 QoQ YoY Sep'23 Sep'22 H1 to H1 A1 NET REVENUE - External Sales In Rs Cr 295.13 350.38 359.24 555.43 637.61
Slide 18: Particle Board - Volume Details
PARTICLE BOARD – VOLUME DETAILS Annual Growth % Quarter Growth % Half Year 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 Jun'23 Sep'23 Sep'22 QoQ YoY Sep'23 Sep'22 H1 to H1 A VOLUME A1 PLAIN PARTICLE BOARD CBM 25,916 28,340 23,680 22,154 15,7
Slide 19: Particle Board - Financial Details
PARTICLE BOARD – FINANCIAL DETAILS Annual Growth % Quarter Growth % Half Year 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 Jun'23 Sep'23 Sep'22 QoQ YoY Sep'23 Sep'22 H1 to H1 A1 NET REVENUE - EXTERNAL SALES In Rs Cr 97.47 99.11 90.08 150.55
Slide 20: Logistics (CFS) - Volume Details
LOGISTICS (CFS) – VOLUME DETAILS Annual Growth % Quarter Growth % Half Year 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 Jun'23 Sep'23 Sep'22 QoQ YoY Sep'23 Sep'22 H1 to H1 A VOLUME A1 - CFS TEUs 69,055 59,904 53,356 54,482 50,013 -13.3% -10
Slide 21: Logistics (CFS) - Financial Details
LOGISTICS (CFS) – FINANCIAL DETAILS Annual Growth % Quarter Growth % Half Year 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 Jun'23 Sep'23 Sep'22 QoQ YoY Sep'23 Sep'22 H1 to H1 A1 Net Turnover In Rs Cr 99.18 86.26 82.26 77.52 80.85 -13.0% -4
Slide 22: Others - Financial Details
OTHERS – FINANCIAL DETAILS Annual Growth % Quarter Growth % Half Year 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 Jun'23 Sep'23 Sep'22 QoQ YoY Sep'23 Sep'22 H1 to H1 A1 Net Turnover In Rs Cr 50.24 48.92 43.47 53.08 55.80 -2.6% -11.1% 22.1%
Slide 23: Capex Details
CAPEX DETAILS ₹ Crores 2014-15 to Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 H1FY24 H2FY24 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 15.05 - - 270.25 MDF - Greenfield at Andhra Pradesh * - - -
Slide 24: Term Loan Projection
TERM LOAN PROJECTION ₹ Crores PARTICULARS 2018-19 2019-20 2020-21 2021-22 2022-23 H1FY24 H2FY24 2024-25 OPENING - ECB 118.15 102.81 78.67 50.21 24.47 - - 0.00 - Buyer's Credit - PB & Others 11.61 - - - - - - - Buyer's Credit - MDF 82.12 41.09 - - 55.81 72.95 81.48 81.48 - Buyer's Credit - PB Chennai
Slide 25: Fund Flow Statement
FUND FLOW STATEMENT ₹ Crores SUMMARY FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Q1FY24 Q2FY24 H1FY24 OPENING CASH/CASH EQUIVALENT 53.84 16.51 22.61 21.22 186.01 249.27 259.64 67.72 259.64 ADD: OPERATIONAL CASH INFLOW / (OUTFLOW) 158.11 260.02 212.28 244.75 242.60 407.89 -153.80 59.57 -94.23 LES
Slide 26: Fund Flow Statement - continued
FUND FLOW STATEMENT - continued ₹ Crores LONG TERM CASH FLOW FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Q1FY24 Q2FY24 H1FY24 INFLOWS Long Term Borrowings - Rupee Term Loan & Finance Lease 20.50 4.27 0.00 0.00 0.00 0.00 0.00 0.15 0.11 - Foreign Currency Loan 38.98 0.00 0.00 0.00 0.00 0.00 0.00 0
Slide 27: Forex Exposure
FOREX EXPOSURE 30.09.23 vs 30.06.23 PARTICULARS 31.03.2019 31.03.2020 31.03.2021 31.03.2022 31.03.2023 30.06.2023 30.09.2023 Diff Diff % AVERAGE FOREX BOOKING RATES @ Rs. - USD 64.04 72.94 71.26 75.14 78.33 82.72 82.83 0.11 0.1% - EURO 81.73 80.61 83.41 82.84 86.28 94.16 92.34 (1.82) -1.9% FOREX REI
Slide 28: Summary - Consolidated Financials - Q2FY24
SUMMARY – CONSOLIDATED FINANCIALS – Q2FY24 SUBSIDIARIES Ara, Century Consoli- Century Ply Ara,Arham, Century Particulars Auro Auro - Century Singapore Arham, Century Infotech MDF, Century Century dated Standalone Apnapan, Gabon - Sundaram NCI Singapore NCI Adonis, Infotech NCI Infra & Panel Gabon To
Slide 29: Summary - Consolidated Financials - H1FY24
SUMMARY – CONSOLIDATED FINANCIALS – H1FY24 SUBSIDIARIES Ara, Century Consoli- Century Ply Ara,Arham, Century Particulars Auro Auro - Century Singapore Arham, Century Infotech MDF, Century Century dated Standalone Apnapan, Gabon - Sundaram NCI Singapore NCI Adonis, Infotech NCI Infra & Panel Gabon To
Slide 30: Thank You
Thank You For further information, kindly contact: Vikram Kumar Khaitan vikram.khaitan@centuryply.com Isha Jaiswal isha.jaiswal@centuryply.com +91 33 3940 3950
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