Century Plyboards (india) Ltd. · NSE:CENTURYPLY
Century Plyboards (india) — FY2024 Earnings Presentation
27 slides from Century Plyboards (india)'s earnings presentation, June 2024
Slide 1: Financial Results Update for the Year ended 30th June, 2024
Financial Results Update for the Year ended 3oth June, 2024
Slide 2: 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 3: 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 - 13 MDF - Volumes & Financials 14-17 Particle Board - Volumes & Financials 18 - 19 Others - Financial D
Slide 4: Standalone Key Highlights
STANDALONE KEY HIGHLIGHTS The results for Q1 of FY 25 align with the guidance provided during our last investor call. On a year-over-year (YoY) basis, standalone results show a healthy growth of 10.5% in the top line. Comparisons on a quarter-over-quarter (QoQ) basis are not relevant as the fourth q
Slide 5: Standalone Key Highlights - Continued
STANDALONE KEY HIGHLIGHTS - Continued Going forward for the financial year 2024-25 we target following growth and EBIDTA figures. Segment Sales Growth % EBITDA % Plywood 10%+ 12% to 14% Laminate 20% 10% to 12% MDF 40% 15% Particle Board Flat 15% Growth in all segments except plywood will be driven b
Slide 6: Balance Sheet – Century Ply Standalone
BALANCE SHEET – CENTURY PLY STANDALONE ₹ Crores PARTICULARS 2020 2021 2022 2023 2024 Q1 FY 24-25 Net Worth (Including Share Capital - 22.25 Cr) 1,073.38 1,264.88 1,564.87 1,888.01 2,180.43 2,253.89 Debt - Long Term Debt (Excl Current Maturities) - FCY 51.50 23.73 - - - - - Long Term Debt (Excl Curre
Slide 7: Key Ratios Century Ply Standalone
KEY RATIOS CENTURY PLY STANDALONE KEY RATIOS 2019-20 2020-21 2021-22 2022-23 2023-24 Q1 24-25 Return on Avg Equity (ROAE) (%) 15.49% 16.43% 22.99% 23.42% 20.87% 20.22% Return on Avg Capital Employed (ROACE) (%) 17.60% 20.00% 31.07% 29.09% 24.70% 23.43% Total Debt / EBITDA 0.60 0.24 0.19 0.43 0.68 0.
Slide 8: Working Capital Cycle Century Ply Standalone
WORKING CAPITAL CYCLE CENTURY PLY STANDALONE RATIOS UNIT 2019-20 2020-21 2021-22 2022-23 2023-24 Q1 24-25 Net Sales for the Period In Rs Cr 2,282.68 2,113.48 3,000.88 3,525.44 3,758.57 943.39 Debtor In Rs Cr 258.16 297.01 348.87 380.05 396.20 414.09 Annualized Debtor Days (A) 41.28 51.29 42.43 39.35
Slide 9: Profit & Loss – Summary Century Ply Standalone
PROFIT & LOSS – SUMMARY CENTURY PLY STANDLAONE Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2019-20 2020-21 2021-22 2022-23 2023-24 19 vs 20 20 vs 21 21 vs 22 22 vs 23 23 vs 24 Mar'24 Jun'24 June'23 QoQ YoY A1 NET TURNOVER In Rs Cr 2,270.24 2,103.13 2,982.97 3,525.44 3,735.38 1.0% -7.4% 41.8
Slide 10: Profit & Loss – Summary - continued
PROFIT & LOSS – SUMMARY CENTURY PLY STANDLAONE - continued Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2019-20 2020-21 2021-22 2022-23 2023-24 19 vs 20 20 vs 21 21 vs 22 22 vs 23 23 vs 24 Mar'24 Jun'24 June'23 QoQ YoY I1 EBIT (E1 - H) In Rs Cr 247.63 271.62 489.80 496.77 452.14 -3.4% 9.7% 8
Slide 11: Plywood – Volume Details
PLYWOOD – VOLUME DETAILS CENTURY PLY STANDALONE Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2019-20 2020-21 2021-22 2022-23 2023-24 19 vs 20 20 vs 21 21 vs 22 22 vs 23 23 vs 24 Mar'24 Jun'24 June'23 QoQ YoY A VOLUME A1 -Plywood CBM 2,20,813 2,07,665 2,81,040 3,44,028 3,65,233 0.2% -6.0% 35.
Slide 12: Plywood – Financial Details
PLYWOOD – FINANCIAL DETAILS CENTURY PLY STANDALONE Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2019-20 2020-21 2021-22 2022-23 2023-24 19 vs 20 20 vs 21 21 vs 22 22 vs 23 24 vs 23 Mar'24 Jun'24 June'23 QoQ YoY A1 NET TURNOVER In Rs Cr 1,230.99 1,120.12 1,579.32 2,006.91 2,139.05 -3.3% -9.0%
Slide 13: Laminates – Volume Details
LAMINATES – VOLUME DETAILS CENTURY PLY STANDALONE Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2019-20 2020-21 2021-22 2022-23 2023-24 17 vs 18 19 vs 20 20 vs 21 21 vs 22 22 vs 23 23 vs 24 Mar'24 Jun'24 June'23 QoQ YoY A VOLUME A1 - Laminates NOS. 61,61,428 54,87,222 67,06,596 71,50,683 76,2
Slide 14: Laminates – Financial Details
LAMINATES – FINANCIAL DETAILS CENTURY PLY STANDALONE Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2019-20 2020-21 2021-22 2022-23* 2023-24 17 vs 18 19 vs 20 20 vs 21 21 vs 22 22 vs 23 23 vs 24 Mar'24 Jun'24 June'23 QoQ YoY A1 Net Turnover In Rs Cr 454.58 407.96 567.06 651.26 649.75 18.9% 5.2
Slide 15: Laminates – Volume Details Century Ply & Century Panel
LAMINATES – VOLUME DETAILS CENTURY PLY & CENTURY PANEL Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2019-20 2020-21 2021-22 2022-23 2023-24 17 vs 18 19 vs 20 20 vs 21 21 vs 22 22 vs 23 23 vs 24 Mar'24 Jun'24 June'23 QoQ YoY A VOLUME A1 - Laminates NOS. 61,61,428 54,87,222 67,06,596 71,50,683
Slide 16: Laminates – Financial Details Century Ply & Century Panel
LAMINATES – FINANCIAL DETAILS CENTURY PLY & CENTURY PANEL Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2019-20 2020-21 2021-22 2022-23* 2023-24 19 vs 20 20 vs 21 21 vs 22 22 vs 23 23 vs 24 Mar'24 Jun'24 June'23 QoQ YoY A1 Net Turnover In Rs Cr 454.58 407.96 567.06 651.26 649.75 5.2% -10.3% 3
Slide 17: MDF – Volume Details
MDF – VOLUME DETAILS CENTURY PLY STANDALONE Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2019-20 2020-21 2021-22 2022-23 2023-24 19 VS 20 20 vs 21 21 vs 22 22 vs 23 23 vs 24 Mar'24 Jun'24 June'23 QoQ YoY A VOLUME A1 PLAIN MDF CBM 1,30,989 1,21,617 1,40,846 1,42,915 1,67,177 13.3% -7.2% 15.8%
Slide 18: MDF – Financial Details
MDF – FINANCIAL DETAILS CENTURY PLY STANDALONE Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2019-20 2020-21 2021-22 2022-23 2023-24 19 vs 20 20 vs 21 21 vs 22 22 vs 23 23 vs 24 Mar'24 Jun'24 June'23 QoQ YoY A1 NET REVENUE - External Sales In Rs Cr 350.38 359.24 555.43 637.61 739.94 18.7% 2.5
Slide 19: MDF – Volume Details Century Ply & Century Panel
MDF – VOLUME DETAILS CENTURY PLY & CENTURY PANEL Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2019-20 2020-21 2021-22 2022-23 2023-24 19 VS 20 20 vs 21 21 vs 22 22 vs 23 23 vs 24 Mar'24 Jun'24 June'23 QoQ YoY A VOLUME A1 PLAIN MDF CBM 1,30,989 1,21,617 1,40,846 1,42,915 1,67,177 13.3% -7.2%
Slide 20: MDF – Financial Details Century Ply & Century Panel
MDF – FINANCIAL DETAILS CENTURY PLY & CENTURY PANEL Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2019-20 2020-21 2021-22 2022-23 2023-24 17 vs 18 19 vs 20 20 vs 21 21 vs 22 22 vs 23 23 vs 24 Mar'24 Jun'24 June'23 QoQ YoY A1 NET REVENUE - External Sales In Rs Cr 350.38 359.24 555.43 637.61 73
Slide 21: Particle Board – Volume Details
PARTICLE BOARD – VOLUME DETAILS CENTURY PLY STANDALONE Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2019-20 2020-21 2021-22 2022-23 2023-24 19 vs 20 20 vs 21 21 vs 22 22 vs 23 23 vs 24 Mar'24 Jun'24 June'23 QoQ YoY A VOLUME A1 PLAIN PARTICLE BOARD CBM 28,340 23,680 22,154 15,773 27,975 9.4%
Slide 22: Particle Board – Financial Details
PARTICLE BOARD – FINANCIAL DETAILS CENTURY PLY STANDALONE Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2019-20 2020-21 2021-22 2022-23 2023-24 17 vs 18 19 vs 20 20 vs 21 21 vs 22 22 vs 23 23 vs 24 Mar'24 Jun'24 June'23 QoQ YoY A1 NET REVENUE - EXTERNAL SALES In Rs Cr 99.11 90.08 150.55 174.0
Slide 23: Others – Financial Details
OTHERS – FINANCIAL DETAILS CENTURY PLY STANDALONE Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2019-20 2020-21 2021-22 2022-23 2023-24 17 vs 18 19 vs 20 20 vs 21 21 vs 22 22 vs 23 23 vs 24 Mar'24 Jun'24 June'23 QoQ YoY A1 Net Turnover In Rs Cr 48.92 43.47 53.08 55.80 49.69 22.0% -2.6% -11.1%
Slide 24: Capex Details
CAPEX DETAILS ₹ Crores Budgeted 2014-15 to 24-25 Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2025-26 Total Cost 2017-18 Q1 Actuals Q2 to Q4 MDF - Hoshiarpur Plant 380 335.62 13.65 4.82 1.42 - - - - - - 355.51 MDF - Expansion at Hoshiarpur 220 - - - 15.74 129.84 109.62 - - - - 255.20
Slide 25: Term Loan Projection
TERM LOAN PROJECTION ₹ Crores Particulars 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 2032-33 Opening Buyer's Credit - capex (CPIL) 108.65 55.28 - - - - - - - Buyer's Credit - PB Chennai (Capex) 141.47 141.47 141.47 - - - - - - Buyer's Credit - capex (MDF) 159.05 142.64 142.64 14
Slide 26: Summary – Consolidated Financials FY24
SUMMARY – CONSOLIDATED FINANCIALS FY24 SUBSIDIARIES Ara, Consoli- Century Ply Ara,Arham Century Particulars Auro Century Singapore Arham, Century Infotech Century Century Century Century Century Century Century Century Century Century dated Standalone Auro - NCI , Apnapan, Gabon - Sundaram Singapore
Slide 27: Thank You
Thank You For further information, kindly contact: Arun Julasaria arun@centuryply.com +91 33 3940 3950
Century Plyboards (India) — FY2024 Earnings Presentation on 6ix