Century Plyboards (india) Ltd. · NSE:CENTURYPLY
Century Plyboards (india) — Q1 FY2021 Earnings Presentation
30 slides from Century Plyboards (india)'s earnings presentation, Aug 12, 2020
Slide 1: Cover letter to stock exchanges
Date: 12th August, 2020 BSE Ltd. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Dalal Street Bandra (E) Mumbai- 400 001 Mumbai- 400 051 Scrip Code: 532548 Scrip Name- Centuryply Dear Sir/ Madam Sub: Investor Presentation In terms of SEBI (Listin
Slide 2: Financial Results Update for the Quarter ended 30th June, 2020
Financial Results Update for the Quarter ended 30TH JUNE, 2020
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 1-3 Balance Sheet 4 Key Ratios 5 Working Capital Cycle 6 Profit & Loss - Summary 7-8 Plywood - Volumes & Financials 9 - 10 Laminates - Volumes & Financials 11 - 12 MDF - Volumes & Financials 13 - 14 Particle Board - Volumes & Financials 15 - 16 Logistics (CFS)
Slide 5: Key Highlights
KEY HIGHLIGHTS During the quarter, the COVID-19 pandemic and consequent nationwide lockdowns has substantially disrupted the economic activities with high uncertainty. In accordance with Central Government guidelines the Company’s all units and offices were completely closed for the whole of April m
Slide 6: Key Highlights – continued
KEY HIGHLIGHTS – continued Company continued to honour all its commitments to all stake holders. Payment to all vendors were made as per originally agreed payment schedules and all ordered materials were accepted. In case of our customers we extended credit period with originally agreed cash discoun
Slide 7: Key Highlights – continued
KEY HIGHLIGHTS – continued The business of company’s major domestic and overseas subsidiaries is dependent on operations of the company, so their performance is also impacted. Laos units are still closed and their viability will be again explored once operations in India are normalised Company is lo
Slide 8: Balance Sheet
BALANCE SHEET Rs. Crores PARTICULARS 2016 2017 2018 2019 2020 As on 30.06.20 Net Worth (Including Share Capital -22.25 Cr) 525.05 708.63 837.95 969.12 1,073.38 1,064.80 Debt - Long Term Debt (Excl Current Maturities) - FCY 38.61 78.74 96.44 72.29 51.50 44.85 - Long Term Debt (Excl Current Maturities
Slide 9: Key Ratios
KEY RATIOS KEY RATIOS 2015-16 2016-17 2017-18 2018-19 2019-20 Q1 FY 21 Return on Avg Equity (ROAE) (%) 37.21% 30.08% 20.26% 17.58% 15.49% -3.17% Return on Avg Capital Employed (ROACE) (%) 26.34% 22.89% 17.21% 17.88% 17.60% -2.61% Total Outside Liabilities to Net Worth (TOL/TNW) 1.17 1.19 0.98 0.82 0
Slide 10: Working Capital Cycle
WORKING CAPITAL CYCLE RATIOS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 Q1 FY 21 Net Sales for the Period In Rs Cr 1,635.69 1,782.46 1,967.22 2,263.83 2,282.68 200.68 Debtor In Rs Cr 286.76 335.27 314.46 293.55 258.16 219.30 Annualized Debtor Days (A) 64 69 58 47 41 100 Net Sales for the Period In
Slide 11: Profit & Loss - Summary
PROFIT & LOSS - SUMMARY Annual Growth % Quarter Growth % Sl PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 Vs 17 17 vs 18 18 vs 19 19 vs 20 Mar '20 Jun '20 Jun '19 QoQ YoY A1 NET TURNOVER In Rs Cr 1,624.10 1,773.14 1,953.11 2,247.62 2,270.24 9.2% 10.1% 15.1% 1.0% 521.20 199.35 570.99 -6
Slide 12: Profit & Loss – Summary-cont.
PROFIT & LOSS – SUMMARY-cont. Annual Growth % Quarter Growth % Sl PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 Vs 17 17 vs 18 18 vs 19 19 vs 20 Mar '20 Jun '20 Jun '19 QoQ YoY J1 EBIT (E1 - I) In Rs Cr 246.27 262.33 231.69 256.44 247.63 6.5% -11.7% 10.7% -3.4% 53.91 (8.82) 76.83 -116.
Slide 13: Plywood – Volume Details
PLYWOOD – VOLUME DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Mar '20 Jun '20 Jun '19 QoQ YoY A VOLUME A1 -Plywood CBM 1,89,117 1,97,474 2,08,382 2,20,442 2,20,813 4.4% 5.5% 5.8% 0.2% 50,567 17,958 56,642 -64
Slide 14: Plywood – Financial Details
PLYWOOD – FINANCIAL DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Mar '20 Jun '20 Jun '19 QoQ YoY A1 NET TURNOVER In Rs Cr 1,173.51 1,260.93 1,263.30 1,273.39 1,230.99 7.4% 0.2% 0.8% -3.3% 278.52 98.59 314.77
Slide 15: Laminates – Volume Details
LAMINATES – VOLUME DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Mar '20 Jun '20 Jun '19 QoQ YoY A VOLUME A1 - Laminates NOS. 42,60,499 49,25,024 54,06,918 58,58,029 61,61,428 15.6% 9.8% 8.3% 5.2% 14,00,201 5,
Slide 16: Laminates – Financial Details
LAMINATES – FINANCIAL DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Mar '20 Jun '20 Jun '19 QoQ YoY A1 NET TURNOVER In Rs Cr 335.30 363.57 369.95 432.19 454.58 8.4% 1.8% 16.8% 5.2% 103.69 39.21 105.53 -62.2% -
Slide 17: MDF – Volume Details
MDF – VOLUME DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 VS 19 19 VS 20 Mar '20 Jun '20 Jun '19 QoQ YoY A VOLUME A1 PLAIN MDF CBM - - 48,307 1,15,563 1,30,989 - - 139.2% 31,829 9,916 35,385 -68.8% -72.0% 13.3% A2 PRELAM MD
Slide 18: MDF – Financial Details
MDF – FINANCIAL DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Mar '20 Jun '20 Jun '19 QoQ YoY A1 NET REVENUE - EXTERNAL SALES In Rs Cr - - 112.80 295.13 350.38 - - 161.6% 18.7% 84.42 30.31 91.83 -64.1% -67.0%
Slide 19: Particle Board – Volume Details
PARTICLE BOARD – VOLUME DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Mar '20 QoQ YoY Jun '20 Jun '19 A VOLUME A1 PLAIN PARTICLE BOARD CBM - 13,141 23,808 25,916 28,340 - 81.2% 8.9% 9.4% 7,338 2,590 5,875 -64.
Slide 20: Particle Board – Financial Details
PARTICLE BOARD – FINANCIAL DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Mar '20 Jun '20 Jun '19 QoQ YoY A1 NET REVENUE - EXTERNAL SALES In Rs Cr - 23.13 72.93 97.47 99.11 - 215.3% 33.6% 1.7% 23.07 8.31 24.89
Slide 21: Logistics (CFS) – Volume Details
LOGISTICS (CFS) – VOLUME DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 QoQ YoY Mar '20 Jun '20 Jun '19 A VOLUME A1 - CFS TEUs 82,057 80,153 80,936 69,055 59,904 -2.3% 1.0% -14.7% -13.3% 13,253 12,870 15,703 -2
Slide 22: Logistics (CFS) – Financial Details
LOGISTICS (CFS) – FINANCIAL DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Mar '20 Jun '20 Jun '19 QoQ YoY A1 NET TURNOVER (EXCLUDING INTER-SEGMENT) In Rs Cr 83.73 87.61 99.32 99.18 86.26 4.6% 13.4% -0.1% -13.0
Slide 23: Others – Financial Details
OTHERS – FINANCIAL DETAILS Annual Growth % Quarter Growth % SL PARTICULARS UNIT 2015-16 2016-17 2017-18 2018-19 2019-20 16 vs 17 17 vs 18 18 vs 19 19 vs 20 Mar '20 Jun '20 Jun '19 QoQ YoY A1 NET TURNOVER (EXCLUDING INTER-SEGMENT) In Rs Cr 54.29 41.17 34.79 50.24 48.92 -24.2% -15.5% 44.4% -2.6% 11.15
Slide 24: Capex Details
CAPEX DETAILS Rs. Crores Budgeted 2014-15 to Estimated Particulars 2018-19 2019-20 Q1 2020-21 Total Cost 2017-18 9M 2020-21 MDF 380.00 335.62 13.65 4.82 0.60 - 354.69 Plywood at Punjab * 64.00 - - - - - Particle Board 67.73 60.53 - - - 60.53 Laminate 62.50 48.05 15.62 9.72 3.41 - 76.80 Gabon - Venee
Slide 25: Term Loan Projection
TERM LOAN PROJECTION Rs. Crores PARTICULARS 2015-16 2016-17 2017-18 2018-19 2019-20 Q1 FY 20 9M-2020-21 2021-22 2022-23 2023-24 OPENING - ECB 55.86 61.03 97.88 118.15 102.81 78.67 72.01 54.20 30.46 6.72 - Buyer's Credit - PB & Others - - 9.60 11.61 - - - - - - - Buyer's Credit - MDF - - 73.67 82.12
Slide 26: Fund Flow Statement
FUND FLOW STATEMENT Rs. Crores SUMMARY FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Q1 FY 21 OPENING CASH/CASH EQUIVALENT 17.03 19.04 53.84 16.51 22.61 21.22 ADD OPERATIONAL CASH INFLOW 220.40 210.82 158.11 260.02 212.28 26.07 LESS DIVIDEND PAYMENTS 60.09 0.00 26.74 26.74 53.57 0.00 LESS LONG TERM NET CA
Slide 27: Fund Flow Statement - continued
FUND FLOW STATEMENT - continued Rs. Crores LONG TERM CASH FLOW FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Q1 FY 21 INFLOWS Long Term Borrowings - Rupee Term Loan & Finance Lease 5.38 65.34 20.50 4.27 0.00 0.00 - Foreign Currency Loan 23.08 66.56 38.98 0.00 0.00 0.00 - Buyers Credit 10.66 72.93 9.44 0.0
Slide 28: Forex Exposure
FOREX EXPOSURE 2019 vs 2020 30.06.20 vs 31.03.20 PARTICULARS 31.03.2016 31.03.2017 31.03.2018 31.03.2019 31.03.2020 30.06.2020 Diff Diff % Diff Diff % AVERAGE FOREX BOOKING RATES @ Rs. - USD 64.17 67.61 64.96 64.04 72.94 77.20 8.90 13.9% 4.26 5.8% - EURO 71.99 74.48 75.26 81.73 80.61 84.42 (1.12) -1
Slide 29: Summary – Consolidated Financials
SUMMARY – CONSOLIDATED FINANCIALS SUBSIDIARIES Ara, Century Consoli- Century Ply Ara,Arham Century Particulars Auro Auro - Century Singapore Arham, Century Infotech Century Century Gabon & dated Standalone , Apnapan, Myanmar - Sundaram NCI Singapore NCI Adonis, Infotech NCI Myanmar MDF Century Total
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) — Q1 FY2021 Earnings Presentation on 6ix