Century Plyboards (india) Ltd. · NSE:CENTURYPLY
Century Plyboards (india) — Q4 FY2022 Earnings Presentation
30 slides from Century Plyboards (india)'s earnings presentation, May 16, 2022
Slide 1: Exchange cover letter for investor presentation
Date: 16th May, 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 (Listing O
Slide 2: Financial Results update for the Quarter and Financial Year ended 31st March, 2022
Financial Results update FoR the QuaRteR and Financial YeaR ended 31st MaRch, 2022
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 Q4FY22 ended with the company achieving best ever quarterly sales. Despite the sustained input cost inflation, we were able to maintain our gross margin and EBITDA margin QoQ largely driven by passing-on of the input costs and operating leverage. After a bit of slowness in Jan’22 due
Slide 6: Balance Sheet
BALANCE SHEET Rs. Crores *Buyers’ Credit is related to payment of import vendors and hence shown as part of current liabilities for analytical purpose 2
Slide 7: Net Borrowings & Treasury Assets
NET BORROWINGS & TREASURY ASSETS Rs. Crores * Current maturities of loan is taken under other current liabilities in balance sheet 3
Slide 8: Key Ratios
KEY RATIOS Note 1: ROAE, ROACE, Total Debt/EBITDA, Interest Cover and Fixed Asset Turnover Ratio for the quarters are annualized Note 2: Total debt and long term debt is taken as per Balance Sheet on page - 2 which excludes buyers’ credit for working capital and current maturities of term loan. Both
Slide 9: Working Capital Cycle
mo WORKING CAPITAL CYCLE “_ RATIOS UNIT | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | QUFY22 | Q2FY22 | Q3FY22 | Q4FY22 Net Sales for the Period InRs Cr} 1,782.46| 1,967.22| 2,263.83] 2,282.68] 2,113.48} 3,000.88 448.88 808.29 848.45 895.26 Debtor In Rs Cr| 335.27 314.46 293.55 258.1
Slide 10: Profit & Loss - Summary
PROFIT & LOSS - SUMMARY • Extra-ordinary items in the year 2019-20 pertains to impairment loss in our subsidiary amounting to 45.63 crores and gain of 4.77 crores by way of sale of fixed asset. • In FY21, 11.81 crores pertains to reversal of income recognized in previous years which is now disallowe
Slide 11: Profit & Loss - Summary - continued
PROFIT & LOSS – SUMMARY - continued Note: The company has opted for the new tax regime from the financial year 2021-22. 7
Slide 12: Plywood - Volume Details
& PLYWOOD - VOLUME DETAILS scimeaaien Annual Growth % Quarter Growth % SL} PARTICULARS ‘UNIT 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 17 vs18| 18,vs19| 19,vs20| 20.vs21 | 2ivs22] Dee'21 | Mar'22 | Mar'21 | QoQ | YoY A |VOLUME Al| — -Plywood CBM — 1,97,474| 2,08,382 | 2,20,442 | 2,
Slide 13: Plywood - Financial Details
PLYWOOD – FINANCIAL DETAILS • Extra-ordinary items in the year 2019-20 pertains to impairment loss in our subsidiary amounting to 45.63 crores and gain of 4.77 crores by way of sale of fixed asset. • In FY21 Q3, 11.81 crores pertains to reversal of income recognized in previous years which is now di
Slide 14: Laminates - Volume Details
LAMINATES – VOLUME DETAILS Note: 1. Pre-Lam has been excluded from the Laminates segment from FY17-18 onwards and the same has been taken to Particle board. 2. The comparative percentage figures for FY17 & FY18 are impacted because of above note. 10
Slide 15: Laminates - Financial Details
LAMINATES – FINANCIAL DETAILS Note: 1. Pre-Lam has been excluded from the Laminates segment from FY17-18 onwards and the same has been taken to Particle board. 2. The comparative percentage figures for FY17 & FY18 are impacted because of above note. 11
Slide 16: MDF - Volume Details
& MDF - VOLUME DETAILS CENTURYPLY Annual Growth % ter Growth % oe GUE told 2016-17| 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 17 vs18| 18VS19 | 19 VS 20 | 20vs21| 21vs22| Dec'21 ae Mar'21 | QoQ | YoY A |VOLUME ‘1 [PLAIN MDF cBM - | 48307] 1,15,563| 1,30,989/ 1,21,617| 1,40,846| - | 139.2% |
Slide 17: MDF - Financial Details
& MDF - FINANCIAL DETAILS CENTURYPLY Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2016-17] 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 |17 vs 18| 18 vs 19 19 vs 20/20 vs 21/21 vs 22| Dec'21 | Mar'22 | Mar'21 | QoQ | YoY A1 |NET REVENUE - External Sales In Rs Cr : 112.80 | 295.13] 350.38)
Slide 18: Particle Board - Volume Details
PARTICLE BOARD – VOLUME DETAILS Note: 1. Pre-Lam Particle board has been included in Particle board segment from FY17-18 onwards instead of Laminates 2. The comparative percentage figures for FY17 & FY18 are impacted because of above note. 14
Slide 19: Particle Board - Financial Details
PARTICLE BOARD – FINANCIAL DETAILS Note: 1. Pre-Lam Particle board has been included in Particle board segment from FY17-18 onwards instead of Laminates 2. The comparative percentage figures for FY17 & FY18 are impacted because of above note. 15
Slide 20: Logistics (CFS) - Volume Details
LOGISTICS (CFS) – VOLUME DETAILS 16
Slide 21: Logistics (CFS) - Financial Details
LOGISTICS (CFS) – FINANCIAL DETAILS 17
Slide 22: Others - Financial Details
OTHERS – FINANCIAL DETAILS 18
Slide 23: Capex Details
CAPEX DETAILS Rs. Crores *MDF and Laminate greenfield project shall be undertaken through Century Panels Ltd. which is 100% subsidiary of Century Plyboards (India) Ltd. 19
Slide 24: Term Loan Projection
TERM LOAN PROJECTION Rs. Crores Note: Term loan projections are based on original payment schedule. However, we propose to prepay the term loans. 20
Slide 25: Fund Flow Statement
FUND FLOW STATEMENT Rs. Crores 21
Slide 26: Fund Flow Statement - continued
FUND FLOW STATEMENT - continued Rs. Crores 22
Slide 27: Forex Exposure
& FOREX EXPOSURE CENTURYPLY PARTICULARS 31.03.2017 | 31.03.2018 | 31.03.2029 | 31.03.2020 | 31.03.2021 | 30.06.2021 | 30.09.2021 | 31.22.2021 | 31.03 2022 | 2032205 SAE AVERAGE FOREX BOOKING RATES @ Rs. “usp Sri ease | eae | 9a [9s | ga [asa | | | = EURS. 7a.as| 7526 | —si-7s| 0.61 | ss.1.| 9470 | 9
Slide 28: Summary - Consolidated Financials - Q4FY22
SUMMARY – CONSOLIDATED FINANCIALS – Q4FY22 24
Slide 29: Summary - Consolidated Financials - FY22
SUMMARY – CONSOLIDATED FINANCIALS – FY22 25
Slide 30: Thank You
Thank You For further Information please contact : Nehal Shah +91 33 3940 3950 nehal@centuryply.com
Century Plyboards (India) — Q4 FY2022 Earnings Presentation on 6ix