Century Plyboards (india) Ltd. · NSE:CENTURYPLY
Century Plyboards (india) — FY2024 Earnings Presentation
25 slides from Century Plyboards (india)'s earnings presentation, May 24, 2024
Slide 1: Exchange filing cover letter: Investor Presentation
Date: 24th May, 2024 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 Year ended 31st March, 2024
Financial Results Update for the Year ended 31st March, 2024
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 Others - Financial
Slide 5: Key Highlights
KEY HIGHLIGHTS The Scheme of Arrangement for hiving off of company’s CFS Division was finally approved. As the scheme is effective from appointed date 1st April, 2022 the Company has transferred its Container Freight Division ( CFS division) to Century Infra Limited (CIL) a wholly owned subsidiary c
Slide 6: Key Highlights - Continued
KEY HIGHLIGHTS - Continued Overall top line for Q4 on quarter on quarter basis was up from Rs 909.67 crores to Rs 1025.64 crores higher by 12.7 %. EBIDTA improved from 12.30% to 15.30 %. While all Segments contributed to top-line growth, only Plywood segment contributed to improvement in EBIDTA marg
Slide 7: Balance Sheet
BALANCE SHEET ₹ Crores PARTICULARS 2020 2021 2022 2023 2024 Net Worth (Including Share Capital - 22.25 Cr) 1,073.38 1,264.88 1,564.87 1,888.01 2,180.43 Debt - Long Term Debt (Excl Current Maturities) - FCY 51.50 23.73 - - - - Long Term Debt (Excl Current Maturities) - INR 1.43 0.06 0.31 0.02 0.05 -
Slide 8: Key Ratios
KEY RATIOS KEY RATIOS 2019-20 2020-21 2021-22 2022-23 2023-24 Return on Avg Equity (ROAE) (%) 15.49% 16.43% 22.99% 23.42% 20.87% Return on Avg Capital Employed (ROACE) (%) 17.60% 20.00% 31.07% 28.89% 24.70% Total Outside Liabilities to Net Worth (TOL/TNW) 0.52 0.41 0.42 0.38 0.38 Total Debt / EBITDA
Slide 9: Working Capital Cycle
WORKING CAPITAL CYCLE RATIOS UNIT 2019-20 2020-21 2021-22 2022-23 2023-24 Net Sales for the Period In Rs Cr 2,282.68 2,113.48 3,000.88 3,525.44 3,758.57 Debtor In Rs Cr 258.16 297.01 348.87 380.05 396.20 Annualized Debtor Days (A) 41.28 51.29 42.43 39.35 38.48 Net Sales for the Period In Rs Cr 2,282
Slide 10: Profit & Loss - Summary
PROFIT & LOSS - SUMMARY Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2016-17 2018-19 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 Dec'23 Mar'24 Mar'23 QoQ YoY A1 NET TURNOVER In Rs Cr 1,773.14 2,247.62 2,270.24 2,103.13 2,982.97 3,525.44 3,735
Slide 11: Profit & Loss - Summary - continued
PROFIT & LOSS – SUMMARY - 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 Dec'23 Mar'24 Mar'23 QoQ YoY I1 EBIT (E1 - H) In Rs Cr 247.63 271.62 489.80 496.77 452.14 -3.4% 9.7% 80.3% 1.4% -9.0% 92.82 11
Slide 12: Plywood - Volume Details
PLYWOOD – VOLUME DETAILS 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 Dec'23 Mar'24 Mar'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% 35.3% 22.4% 6.2% 87,209 1,0
Slide 13: Plywood - Financial Details
PLYWOOD – FINANCIAL DETAILS 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 Dec'23 Mar'24 Mar'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% 41.0% 27.1% 6.6% 508.88
Slide 14: Laminates - Volume Details
LAMINATES – VOLUME DETAILS 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 Dec'23 Mar'24 Mar'23 QoQ YoY A VOLUME A1 - Laminates NOS. 61,61,428 54,87,222 67,06,596 71,50,683 76,22,918 5.2% -10.9% 22.2% 6.6% 6.6%
Slide 15: Laminates - Financial Details
LAMINATES – FINANCIAL DETAILS 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 Dec'23 Mar'24 Mar'23 QoQ YoY A1 Net Turnover In Rs Cr 454.58 407.96 567.06 651.26 649.75 5.2% -10.3% 39.0% 14.8% -0.2% 159.92 164.9
Slide 16: MDF - Volume Details
MDF – VOLUME DETAILS 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 Dec'23 Mar'24 Mar'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% 1.5% 17.0% 41,660 49,61
Slide 17: MDF - Financial Details
MDF – FINANCIAL DETAILS 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 Dec'23 Mar'24 Mar'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% 54.6% 14.8% 16.0% 187.
Slide 18: Particle Board - Volume Details
PARTICLE BOARD – VOLUME DETAILS 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 Dec'23 Mar'24 Mar'23 QoQ YoY A VOLUME A1 PLAIN PARTICLE BOARD CBM 28,340 23,680 22,154 15,773 27,975 9.4% -16.4% -6.4% -28.8% 77.4
Slide 19: Particle Board - Financial Details
PARTICLE BOARD – FINANCIAL DETAILS 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 Dec'23 Mar'24 Mar'23 QoQ YoY A1 NET REVENUE - EXTERNAL SALES In Rs Cr 99.11 90.08 150.55 174.00 156.95 1.7% -9.1% 67.1% 15.6% -
Slide 20: Others - Financial Details
OTHERS – FINANCIAL DETAILS 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 Dec'23 Mar'24 Mar'23 QoQ YoY A1 Net Turnover In Rs Cr 48.92 43.47 53.08 55.80 49.69 -2.6% -11.1% 22.1% 5.1% -10.9% 12.39 13.11 12.75 5.
Slide 21: Capex Details
CAPEX DETAILS ₹ Crores Budgeted 2014-15 to Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 Total Cost 2017-18 MDF - Hoshiarpur Plant 380.00 335.62 13.65 4.82 1.42 - - - - 355.51 MDF - Expansion at Hoshiarpur 220.00 - - - 15.74 129.84 109.62 - - 255.20 MDF - Greenfield at Andhra P
Slide 22: Term Loan Projection
TERM LOAN PROJECTION ₹ Crores Particulars 2024-25 2025-26 2026-27 2027-28 2028-29 2029-30 2030-31 2031-32 Opening Buyer's Credit - capex (CPIL) 108.7 55.3 - - - - - - Buyer's Credit - PB Chennai (Capex) 141.5 141.5 141.5 - - - - - Buyer's Credit - capex (MDF) 159.1 142.6 142.6 14.8 0.0 0.0 0.0 0.0 C
Slide 23: Forex Exposure
FOREX EXPOSURE 31.12.23 vs 30.09.23 PARTICULARS 31.03.2019 31.03.2020 31.03.2021 31.03.2022 30.06.2022 30.09.2022 31.12.2022 31.03.2023 30.06.2023 30.09.2023 31.12.2023 31.03.2024 Diff Diff % AVERAGE FOREX BOOKING RATES @ Rs. - USD 64.04 72.94 71.26 75.14 76.33 77.28 77.14 78.33 82.72 82.83 83.21 83
Slide 24: 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 dated Standalone Auro - NCI , Apnapan, Gabon - Sundaram Singapore NCI Adonis, Inf
Slide 25: 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