Century Plyboards (india) Ltd. · NSE:CENTURYPLY
Century Plyboards (india) — Q2 FY2022 Earnings Presentation
30 slides from Century Plyboards (india)'s earnings presentation, Nov 2, 2021
Slide 1: Cover letter to stock exchanges
Date: 2nd November, 2021 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 half year ended 30th September, 2021
Financial Results Update for the Quarter and half year ended 30th SEPTEMBER, 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 As anticipated, the recovery in Q2FY22 has been robust with the Company achieving best ever quarterly sales, EBIDTA and PAT. The October month too has been good and we are likely to witness an exciting H2 on the back of sustained demand for wood panels and expected market share gains
Slide 6: Balance Sheet
BALANCE SHEET Rs. Crores PARTICULARS 2017 2018 2019 2020 2021 As on 30.06.21 As on 30.09.21 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 Debt - Long Term Debt (Excl Current Maturities) - FCY 78.74 96.44 72.29 51.50 23.73 17.31 10.59 - Long Te
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% 10.59 26.76 37.35 Long term Debt - Finance Lease (INR) 8.73% 0.39 0.32 0.71 Sub Total 38.06 Short Term Debt - Packing Credit 1.06% - - 65.00 - Ca
Slide 8: Key Ratios
KEY RATIOS KEY RATIOS 2016-17 2017-18 2018-19 2019-20 2020-21 Q1FY22 Q2FY22 Return on Avg Equity (ROAE) (%) 30.08% 20.26% 17.58% 15.49% 16.43% 10.57% 30.81% Return on Avg Capital Employed (ROACE) (%) 22.89% 17.21% 17.88% 17.60% 20.00% 13.98% 40.36% Total Outside Liabilities to Net Worth (TOL/TNW) 1.
Slide 9: Working Capital Cycle
WORKING CAPITAL CYCLE RATIOS UNIT 2016-17 2017-18 2018-19 2019-20 2020-21 Q1FY22 Q2FY22 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 Debtor In Rs Cr 335.27 314.46 293.55 258.16 297.01 255.65 334.90 Annualized Debtor Days (A) 69 58 47 41 51 52 38 Net Sa
Slide 10: Profit & Loss - Summary
PROFIT & LOSS - SUMMARY Annual Growth % Quarter Growth % Half Year 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 Jun '21 Sep '21 Sep '20 QoQ YoY Sep '21 Sep '20 H1 to H1 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-cont. Annual Growth % Quarter Growth % Half Year 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 Jun '21 Sep '21 Sep '20 QoQ YoY Sep '21 Sep '20 H1 to H1 I1 EBIT (E1 - H) In Rs Cr 262.33 231.69 256.44 247.63 271.62 -11.7
Slide 12: Plywood – Volume Details
PLYWOOD – VOLUME DETAILS Annual Growth % Quarter Growth % Half Year 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 Jun '21 Sep '21 Sep '20 QoQ YoY Sep '21 Sep '20 H1 to H1 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 % Half Year 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 Jun '21 Sep '21 Sep '20 QoQ YoY Sep '21 Sep '20 H1 to H1 A1 NET TURNOVER In Rs Cr 1,260.93 1,263.30 1,273.39 1,230.99 1,120.
Slide 14: Laminates – Volume Details
LAMINATES – VOLUME DETAILS Annual Growth % Quarter Growth % Half Year 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 Jun '21 Sep '21 Sep '20 QoQ YoY Sep '21 Sep '20 H1 to H1 A VOLUME A1 - Laminates NOS. 49,25,024 54,06,918 58,58,029 61,61,428
Slide 15: Laminates – Financial Details
LAMINATES – FINANCIAL DETAILS Annual Growth % Quarter Growth % Half Year 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 Jun '21 Sep '21 Sep '20 QoQ YoY Sep '21 Sep '20 H1 to H1 A1 Net Turnover In Rs Cr 363.57 369.95 432.19 454.58 407.96 1.8%
Slide 16: MDF – Volume Details
MDF – VOLUME DETAILS Annual Growth % Quarter Growth % Half Year 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 Jun '21 Sep '21 Sep '20 QoQ YoY Sep '21 Sep '20 H1 to H1 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 % Half Year 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 Jun '21 Sep '21 Sep '20 QoQ YoY Sep '21 Sep '20 H1 to H1 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 % Half Year 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 Jun '21 Sep '21 Sep '20 QoQ YoY Sep '21 Sep '20 H1 to H1 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 % Half Year 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 Jun '21 Sep '21 Sep '20 QoQ YoY Sep '21 Sep '20 H1 to H1 A1 NET REVENUE - EXTERNAL SALES In Rs Cr 23.13 72.93 97.47 9
Slide 20: Logistics (CFS) – Volume Details
LOGISTICS (CFS) – VOLUME DETAILS Annual Growth % Quarter Growth % Half Year 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 Jun '21 Sep '21 Sep '20 QoQ YoY Sep '21 Sep '20 H1 to H1 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 % Half Year 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 Jun '21 Sep '21 Sep '20 QoQ YoY Sep '21 Sep '20 H1 to H1 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 % Half Year 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 Jun '21 Sep '21 Sep '20 QoQ YoY Sep '21 Sep '20 H1 to H1 A1 Net Turnover In Rs Cr 41.17 34.79 50.24 48.92 43.47 -15.5% 44.4%
Slide 23: Capex Details
CAPEX DETAILS Rs. Crores Budgeted 2014-15 to Particulars 2018-19 2019-20 2020-21 H1 FY 22 H2 2021-22 Total Cost 2017-18 MDF Plant 380.00 335.62 13.65 4.82 1.42 - - 355.51 MDF Expansion at Hoshiarpur 220.00 - - - 15.74 7.94 196.32 220.00 MDF Project at Andhra Pradesh * - - - - - - - - Plywood at Punj
Slide 24: Term Loan Projection
TERM LOAN PROJECTION Rs. Crores PARTICULARS 2016-17 2017-18 2018-19 2019-20 2020-21 H1FY22 H2FY22 2022-23 OPENING - ECB 61.03 97.88 118.15 102.81 78.67 50.21 37.35 23.97 - 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 OPENING CASH/CASH EQUIVALENT 19.04 53.84 16.51 22.61 21.22 186.01 70.97 ADD: OPERATIONAL CASH INFLOW / (OUTFLOW) 210.82 158.11 260.02 212.28 244.75 -90.35 154.11 LESS: DIVIDEND PAYMENTS 0.00 26.74 26.74 53.5
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 INFLOWS Long Term Borrowings - Rupee Term Loan & Finance Lease 65.34 20.50 4.27 0.00 0.00 0.00 0.01 - Foreign Currency Loan 66.56 38.98 0.00 0.00 0.00 0.00 0.00 - Buyers Credit 72.93
Slide 27: Forex Exposure
FOREX EXPOSURE 30.09.21 vs 30.06.21 PARTICULARS 31.03.2017 31.03.2018 31.03.2019 31.03.2020 31.03.2021 30.06.2021 30.09.2021 Diff Diff % AVERAGE FOREX BOOKING RATES @ Rs. - USD 67.61 64.96 64.04 72.94 71.26 74.60 74.94 0.34 0% - EURO 74.48 75.26 81.73 80.61 83.41 94.70 91.95 (2.75) -3% FOREX REINSTA
Slide 28: Summary – Consolidated Financials – Q2FY22
SUMMARY – CONSOLIDATED FINANCIALS – Q2FY22 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
Slide 29: Summary – Consolidated Financials – H1FY22
SUMMARY – CONSOLIDATED FINANCIALS – H1FY22 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
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) — Q2 FY2022 Earnings Presentation on 6ix