Century Plyboards (india) Ltd. · NSE:CENTURYPLY
Century Plyboards (india) — Q1 FY17 Earnings Presentation
21 slides from Century Plyboards (india)'s earnings presentation, August 2016
Slide 1: Financial Results Update for the Quarter ended 30th June, 2016
Financial Results Update for the Quarter ended 30th June, 2016
Slide 2: Contents
Contents Topics Page No. Key Highlights 1 Balance Sheet 2 Key Ratios 3 Working Capital Cycle 4 Profit & Loss Summary 5 Plywood - Volumes & Financials 6-7 Laminates - Volumes & Financials 8-9 Logistics - Volumes & Financials 10 - 11 Others - Financial Details 12 MDF - Highlights 13 Particle Board - U
Slide 3: Key Highlights – Q1FY17 Vs. Q1FY16
KEY HIGHLIGHTS – Q1FY17 Vs. Q1FY16 Net Sales increased by 10 % to Rs. 405.75 crores EBITDA increased from 67.54 to 69.14 crores Net Profit increased from 40.13 to 43.05 crores EPS increased from Rs. 1.80 to Rs. 1.93 per share Total Debt/Equity of 0.78 as on 30th June 2016 (0.86 on March 31
Slide 4: Balance Sheet
BALANCE SHEET Rs. Crores 2014 2015 2016 Jun'2016 PARTICULARS Audited Audited Audited Unaudited Net Worth (Including Share Capital -22.25 Cr) 291.41 387.58 528.88 567.63 Long Term Debt 117.98 81.42 64.07 97.24 Short Term Debt (Bank CC+Related party loan) 113.98 220.59 159.05 158.32 Total Liabilities
Slide 5: Key Ratios
KEY RATIOS Q1 16-17 KEY RATIOS 2013-14 2014-15 2015-16 (Annualized) Return on Equity (ROE) (%) 24.74% 44.42% 36.68% 31.41% Return on Capital Employed (ROCE) (%) 16.59% 26.68% 26.09% 23.99% ROCE - (Excluding MDF & PB Projects)(%) 16.59% 26.68% 27.40% 26.71% Total Outside Liabilities to Net Worth (TOL
Slide 6: Working Capital Cycle
WORKING CAPITAL CYCLE Q1 16-17 RATIOS 2013-14 2014-15 2015-16 (Annualized) Net Sales 1,283.97 1,564.81 1,658.46 405.75 Debtor 204.63 268.14 289.78 285.21 Debtor Days (A) 58 63 64 64 Net Sales 1,283.97 1,564.81 1,658.46 405.75 Raw Material Inventory 235.47 232.40 176.94 137.50 Raw Material Inventory
Slide 7: Profit & Loss - Summary
PROFIT & LOSS - SUMMARY Annual Growth % Growth % Quarter Growth % Growth % SL PARTICULARS UNIT 2013-14 2014-15 2015-16 14 Vs 15 15 Vs 16 Mar '16 Jun'15 Jun '16 QoQ YoY A1 Net Turnover In Rs Cr 1,276.04 1,552.47 1,646.86 21.7% 6.1% 451.24 366.60 403.62 -10.6% 10.1% A2 Add: Other Operating Incomes In
Slide 8: Plywood – Volume Details
PLYWOOD – VOLUME DETAILS Annual Growth % Growth % Quarter Growth % Growth % SL PARTICULARS UNIT 2013-14 2014-15 2015-16 14 Vs 15 15 Vs 16 Mar '16 Jun '15 Jun '16 QoQ YoY A VOLUME A1 -Plywood CBM 172,452 192,249 189,117 11.5% -1.6% 50,725 41,367 46,533 -8.3% 12.5% A2 -Deco Ply CBM 5,379 6,217 8,722 1
Slide 9: Plywood – Financial Details
PLYWOOD – FINANCIAL DETAILS Annual Growth % Growth % Quarter Growth % Growth % SL PARTICULARS UNIT 2013-14 2014-15 2015-16 14 Vs 15 15 Vs 16 Mar '16 Jun'15 Jun '16 QoQ YoY A1 Net Turnover In Rs Cr 964.84 1,147.08 1,173.51 18.9% 2.3% 320.69 256.59 286.55 -10.6% 11.7% A2 Add: Other Operating Incomes I
Slide 10: Laminates – Volume Details
LAMINATES – VOLUME DETAILS Annual Growth % Growth % Quarter Growth % Growth % SL PARTICULARS UNIT 2013-14 2014-15 2015-16 14 Vs 15 15 Vs 16 Mar '16 Jun '15 Jun'16 QoQ YoY A VOLUME A1 - Laminates - Domestic NOS. 2,046,917 2,556,464 2,989,034 24.9% 16.9% 844,135 635,321 807,149 -4.4% 27.0% A2 - Lamina
Slide 11: Laminates – Financial Details
LAMINATES – FINANCIAL DETAILS Annual Growth % Growth % Quarter Growth % Growth % SL PARTICULARS UNIT 2013-14 2014-15 2015-16 14 Vs 15 15 Vs 16 Mar '16 Jun '15 Jun '16 QoQ YoY A1 Net Turnover In Rs Cr 236.69 293.54 335.30 24.0% 14.2% 92.26 76.84 79.49 -13.8% 3.4% A2 Add: Other Operating Incomes In Rs
Slide 12: Logistics (CFS) – Volume Details
LOGISTICS (CFS) – VOLUME DETAILS Annual Growth % Growth % Quarter Growth % Growth % SL PARTICULARS UNIT FY 2013-14 FY 2014-15 FY 2015-16 14 Vs 15 15 Vs 16 Mar '16 Jun '15 Jun '16 QoQ YoY A VOLUME A1 - CFS CBM 52,924 72,508 82,057 37.0% 13.2% 21,269 17,664 21,848 2.7% 23.7% B NET SALES VALUE B1 - CFS
Slide 13: Logistics (CFS) – Financial Details
LOGISTICS (CFS) – FINANCIAL DETAILS Annual Growth % Growth % Quarter Growth % Growth % SL PARTICULARS UNIT 2013-14 2014-15 2015-16 14 Vs 15 15 Vs 16 Mar '16 Jun '15 Jun '16 QoQ YoY A1 Net Turnover In Rs Cr 54.31 70.28 83.73 29.4% 19.1% 23.77 17.19 23.26 -2.1% 35.3% A2 Add: Other Operating Incomes In
Slide 14: Others – Financial Details
OTHERS – FINANCIAL DETAILS Annual Growth % Growth % Quarter Growth % Growth % SL PARTICULARS UNIT 2013-14 2014-15 2015-16 14 Vs 15 15 Vs 16 Mar '16 Jun '15 Jun '16 QoQ YoY A1 Net Turnover In Rs Cr 20.20 41.57 54.32 105.8% 30.7% 14.52 15.99 14.32 -1.4% -10.4% A2 Add: Other Operating Incomes In Rs Cr
Slide 15: Medium Density Fibre Board
Medium Density Fibre Board Strategically located at Hoshiarpur, Punjab, an area with adequate supply of raw material Plant has a capacity of 600 cbm per day Total capex to be incurred 380 crores out of which we have incurred approx. 55 crores till 30th June 2016 Machinery order have been pla
Slide 16: Particle Board Updates
Particle Board Updates Company has commenced commercial production of particle board from 23rd July 2016 Plant has a capacity of 180 cbm per day Total capex of 58 crores incurred on setting up plant Plant is located at our existing facility at Chennai 14
Slide 17: International Operations
International Operations Myanmar Operations (100% subsidiary) Investment of 43.55 crores by way of Share Capital/Share Application Peeling Capacity – 40000 cbm (5 Nos peeling machines with 8000 cbm annual capacity of each) Laos Operations through Century Singapore(51% subsidiary) Company under
Slide 18: Capex Details
CAPEX DETAILS Rs. Crores Estimated Budgeted Q1 - Apr'16 Estimated Estimated Particulars 2015-16 July 16 - Total Cost to Jun '16 FY 17-18 FY 18-19 Mar 17 MDF 380.00 38.25 17.39 274.36 50.00 - 380.00 Plywood at Punjab 64.00 - - 20.00 4.00 40.00 64.00 Particle Board 64.11 51.18 6.94 5.99 - - 64.11 CFS
Slide 19: Term Loan Projection
TERM LOAN PROJECTION Rs. Crores PARTICULARS 2015-16 Q1-16-17 9M-16-17 2017-18 2018-19 2019-20 2020-21 2021-22 OPENING - ECB 55.86 61.03 67.92 104.97 84.86 64.75 44.64 30.00 - Buyer's Credit (MDF Capex) - - - 150.00 150.00 150.00 150.00 - - Rupee Term Loan 62.87 39.34 67.19 106.84 129.83 81.16 32.49
Slide 20: Forex Exposure
FOREX EXPOSURE 30th June vs 2015 Vs 2016 PARTICULARS 31.03.2014 31.03.2015 31.03.2016 30.06.2016 31st March Diff Diff % Diff Diff % AVERAGE FOREX BOOKING RATES @ Rs. - USD 57.83 61.79 64.17 66.92 2.75 5% 2.38 4% - HKD 8.04 - - - - - - - - EURO 80.00 77.49 71.99 75.74 3.75 5% (5.50) -7% FOREX REINSTA
Slide 21: Thank You
Thank You For Further Information please contact : Abhishek Rathi +91 98300408887 abhishek.rathi@centuryply.com
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