Century Plyboards (india) Ltd. · NSE:CENTURYPLY
Century Plyboards (india) — Q4 FY2021 Earnings Presentation
30 slides from Century Plyboards (india)'s earnings presentation, Jun 10, 2021
Slide 1: Cover letter to stock exchanges
Date: 10th June, 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 (Listing
Slide 2: Financial Results Update for the Quarter and Year ended 31st March, 2021
Financial Results Update for the Quarter AND YEAR ended 31St MARCH, 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 Year 2020-21 started with COVID-19 pandemic and nationwide lockdowns. The scenario in Q1 was quite gloomy but things started to improve from Q2, accelerated from Q3 and were at peak in Q4. Results of Q4 were ever best results. In Q4, we had highest quarterly top-line of Rs. 738.62 Cr
Slide 6: Balance Sheet
BALANCE SHEET Rs. Crores PARTICULARS 2017 2018 2019 2020 2021 Net Worth (Including Share Capital -22.25 Cr) 708.63 837.95 969.12 1,073.38 1,264.88 Debt - Long Term Debt (Excl Current Maturities) - FCY 78.74 96.44 72.29 51.50 23.73 - Long Term Debt (Excl Current Maturities) - INR 68.00 70.50 59.98 1.
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) 1.63% 23.73 26.48 50.21 Long term Debt - Finance Lease (INR) 9.13% 0.06 1.54 1.60 Short Term Debt - Packing Credit 1.43% - 50.00 - Cash Credit 7.15% -
Slide 8: Key Ratios
KEY RATIOS KEY RATIOS 2016-17 2017-18 2018-19 2019-20 2020-21 Return on Avg Equity (ROAE) (%) 30.08% 20.26% 17.58% 15.49% 16.43% Return on Avg Capital Employed (ROACE) (%) 22.89% 17.21% 17.88% 17.60% 20.00% Total Outside Liabilities to Net Worth (TOL/TNW) 1.19 0.98 0.82 0.52 0.41 Total Debt / EBITDA
Slide 9: Working Capital Cycle
WORKING CAPITAL CYCLE RATIOS UNIT 2016-17 2017-18 2018-19 2019-20 2020-21 Net Sales for the Period In Rs Cr 1,782.46 1,967.22 2,263.83 2,282.68 2,113.48 Debtor In Rs Cr 335.27 314.46 293.55 258.16 297.01 Annualized Debtor Days (A) 69 58 47 41 51 Net Sales for the Period In Rs Cr 1,782.46 1,967.22 2,
Slide 10: Profit & Loss - Summary
PROFIT & LOSS - SUMMARY Annual Growth % Quarter 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 Dec '20 Mar '21 Mar '20 QoQ YoY A1 NET TURNOVER In Rs Cr 1,773.14 1,953.11 2,247.62 2,270.24 2,103.13 10.1% 15.1% 1.0% -7.4% 652.17 735.61 521.20 1
Slide 11: Profit & Loss - Summary (cont.)
PROFIT & LOSS – SUMMARY-cont. Annual Growth % Quarter 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 Dec '20 Mar '21 Mar '20 QoQ YoY I1 EBIT (E1 - H) In Rs Cr 262.33 231.69 256.44 247.63 271.62 -11.7% 10.7% -3.4% 9.7% 95.00 114.56 53.91 20.6%
Slide 12: Plywood – Volume Details
PLYWOOD – VOLUME DETAILS Annual Growth % Quarter 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 Dec '20 Mar'21 Mar '20 QoQ YoY A VOLUME A1 -Plywood CBM 1,97,474 2,08,382 2,20,442 2,20,813 2,07,665 5.5% 5.8% 0.2% -6.0% 67,544 72,874 50,567 7.9
Slide 13: Plywood – Financial Details
PLYWOOD – FINANCIAL DETAILS Annual Growth % Quarter 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 Dec '20 Mar ' 21 Mar '20 QoQ YoY A1 NET TURNOVER In Rs Cr 1,260.93 1,263.30 1,273.39 1,230.99 1,120.12 0.2% 0.8% -3.3% -9.0% 356.01 398.52 278.
Slide 14: Laminates – Volume Details
LAMINATES – VOLUME DETAILS Annual Growth % Quarter 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 Dec '20 Mar '21 Mar '20 QoQ YoY A VOLUME A1 - Laminates NOS. 49,25,024 54,06,918 58,58,029 61,61,428 54,87,222 9.8% 8.3% 5.2% -10.9% 15,82,177 1
Slide 15: Laminates – Financial Details
LAMINATES – FINANCIAL DETAILS Annual Growth % Quarter 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 Dec '20 Mar '21 Mar '20 QoQ YoY A1 Net Turnover In Rs Cr 363.57 369.95 432.19 454.58 407.96 1.8% 16.8% 5.2% -10.3% 118.99 150.74 103.69 26.7%
Slide 16: MDF – Volume Details
MDF – VOLUME DETAILS Annual Growth % Quarter 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 Dec '20 Mar '21 Mar '20 QoQ YoY A VOLUME A1 PLAIN MDF CBM - 48,307 1,15,563 1,30,989 1,21,617 - 139.2% 13.3% -7.2% 40,863 37,895 31,829 -7.3% 19.1% A2
Slide 17: MDF – Financial Details
MDF – FINANCIAL DETAILS Annual Growth % Quarter 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 Dec '20 Mar '21 Mar '20 QoQ YoY A1 NET REVENUE - External Sales In Rs Cr - 112.80 295.13 350.38 359.24 - 161.6% 18.7% 2.5% 116.44 118.99 84.42 2.2%
Slide 18: Particle Board – Volume Details
PARTICLE BOARD – VOLUME DETAILS Annual Growth % Quarter 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 Dec '20 Mar '21 Mar '20 QoQ YoY A VOLUME A1 PLAIN PARTICLE BOARD CBM 13,141 23,808 25,916 28,340 23,680 81.2% 8.9% 9.4% -16.4% 6,535 5,478
Slide 19: Particle Board – Financial Details
PARTICLE BOARD – FINANCIAL DETAILS Annual Growth % Quarter 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 Dec '20 Mar '21 Mar '20 QoQ YoY A1 NET REVENUE - EXTERNAL SALES In Rs Cr 23.13 72.93 97.47 99.11 90.08 215.3% 33.6% 1.7% -9.1% 26.16 29.
Slide 20: Logistics (CFS) – Volume Details
LOGISTICS (CFS) – VOLUME DETAILS Annual Growth % Quarter 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 Dec '20 Mar '21 Mar '20 QoQ YoY A VOLUME A1 - CFS TEUs 80,153 80,936 69,055 59,904 53,356 1.0% -14.7% -13.3% -10.9% 13,803 13,750 13,253 -
Slide 21: Logistics (CFS) – Financial Details
LOGISTICS (CFS) – FINANCIAL DETAILS Annual Growth % Quarter 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 Dec '20 Mar '21 Mar '20 QoQ YoY A1 Net Turnover In Rs Cr 87.61 99.32 99.18 86.26 82.26 13.4% -0.1% -13.0% -4.6% 20.76 21.74 20.36 5% 7%
Slide 22: Others – Financial Details
OTHERS – FINANCIAL DETAILS Annual Growth % Quarter 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 Dec '20 Mar '21 Mar '20 QoQ YoY A1 Net Turnover In Rs Cr 41.17 34.79 50.24 48.92 43.47 -15.5% 44.4% -2.6% -11.1% 13.81 15.66 11.15 13% 40% A2 Ad
Slide 23: Capex Details
CAPEX DETAILS Rs. Crores Budgeted 2014-15 to Particulars 2018-19 2019-20 2020-21 2021-22 Total Cost 2017-18 MDF 380.00 335.62 13.65 4.82 1.42 - 355.51 MDF Expansion at Hoshiarpur 220.00 - - - 15.74 204.26 220.00 Plywood at Punjab 51.00 - - - - 51.00 51.00 Solar Plant 14.00 - - - - 14.00 14.00 Partic
Slide 24: Term Loan Projection
TERM LOAN PROJECTION Rs. Crores PARTICULARS 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 OPENING - ECB 61.03 97.88 118.15 102.81 78.67 50.21 23.73 0.00 0.00 - Buyer's Credit - PB & Others - 9.60 11.61 - - - - - - - Buyer's Credit - MDF - 73.67 82.12 41.09 - - - - - - Rupee
Slide 25: Fund Flow Statement
FUND FLOW STATEMENT Rs. Crores SUMMARY FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 OPENING CASH/CASH EQUIVALENT 17.03 19.04 53.84 16.51 22.61 21.22 ADD: OPERATIONAL CASH INFLOW / (OUTFLOW) 220.40 210.82 158.11 260.02 212.28 244.75 LESS: DIVIDEND PAYMENTS 60.09 0.00 26.74 26.74 53.57 0.00 LESS: L
Slide 26: Fund Flow Statement - continued
FUND FLOW STATEMENT - continued Rs. Crores LONG TERM CASH FLOW FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 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 0.00
Slide 27: Forex Exposure
FOREX EXPOSURE 2020 vs 2021 PARTICULARS 31.03.2017 31.03.2018 31.03.2019 31.03.2020 31.03.2021 Diff Diff % AVERAGE FOREX BOOKING RATES @ Rs. - USD 67.61 64.96 64.04 72.94 71.26 (1.68) -3% - EURO 74.48 75.26 81.73 80.61 83.41 2.80 3% FOREX REINSTATEMENT RATES @ Rs. - USD 64.84 65.04 69.17 75.39 73.50
Slide 28: Summary – Consolidated Financials – Q4 FY21
SUMMARY – CONSOLIDATED FINANCIALS – Q4Y21 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 Cen
Slide 29: Summary – Consolidated Financials – FY2021
SUMMARY – CONSOLIDATED FINANCIALS – FY2021 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 Ce
Slide 30: Thank You
Thank You For further Information please contact : Abhishek Rathi +91 33 3041 4522 +91 98300 40887 abhishek.rathi@centuryply.com
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