Tcpl Packaging Limited · NSE:TCPLPACK
Tcpl Packaging — Q4 FY2023 Earnings Presentation
32 slides from Tcpl Packaging's earnings presentation, May 26, 2023
Slide 1: Stock exchange cover letter for earnings presentation
26th May 2023 The Bombay Stock Exchange Ltd The National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block Dalal Street, Bandra Kurla Complex, Mumbai 400 001 Bandra East, Mumbai 400 051 Security Code:-523301 Trading Symbol:- TCPLPACK Dear Sir(s), Re:- Earni
Slide 2: Q4 & FY2023 Earnings Presentation
Q4 & FY2022 a QTCPL 26 May 2023
Slide 3: Certain statements and opinions with respect to the anticipated future performance of TCPL Packaging
Certain statements and opinions with respect to the anticipated future performance of TCPL Packaging Limited (TCPL) in the presentation (“forward-looking statements”), which reflect various assumptions concerning the strategies, objectives and anticipated results may or may not prove to be correct.
Slide 4: Company Overview
TSP. Packaging limited QTcer) \WHOFILMS PVT LID Company WA Overview
Slide 5: TCPL – One of India's leading producers of sustainable packaging solutions
TCPL – One of India’s leading producers of sustainable packaging solutions for customers across industries 33 YEARS 1,475 (RS. CRORE) 216 (RS. CRORE) 8 ~2,000 Of providing an Revenue Cash Profit Manufacturing Employees array of packaging (FY23) (FY23) units (FY23) solutions 18% 14% 15% 20% 28% 30 ye
Slide 6: One of India's largest Folding Carton manufacturers
One of India’s largest Folding Carton manufacturers and convertors of paperboard Innovative player in the Flexible packaging industry Close-to-Demand Pan-India Footprint to fast-track growth Caters to Consumer Goods, Food & Beverage, Tobacco, Liquor, Agro-Chemicals, Pharma, and various other industr
Slide 7: Leading Carton Packaging company driven by industry-leading technology
One of India's leading Carton Packaging companies since 1990s driven by adoption of industry- leading technology Offers wide-range of innovative, sustainable & unique packaging solutions Well-positioned to support diverse customer requirements with PAN India presence and network MONOCARTONS SPECIALT
Slide 8: Innovative player in flexible packaging
Innovative player providing versatile and sustainable solutions to customers across industry verticals Offers a variety of products including Pouches, Laminates, Shrink Sleeves, and Wrap Around Labels POUCHES SHRINK SLEEVES WRAP AROUND LABELS BUNDLE PAPER, INNER LAMINATES TIPPING PAPER FRAMES & SOFT
Slide 9: Deep-rooted relationships, innovation, technology, presence, sustainability
Equipped with latest state-of- the-art machines Operates multiple Several technical manufacturing units Developing creative collaborations to ensure solutions by a dedicated efficiency & productivity Vast market network across Long-term connect with team with proven capabilities India and Oversees C
Slide 10: Close-to-demand pan-India manufacturing footprint
Close-to-demand strategy has enabled TCPL to emerge as one of India’s leading sustainable packaging solution providers *Haridwar Delhi Headquartered in Mumbai, Noida Guwahati TCPL operates 8 manufacturing units across 5 locations & has *Silvassa Kolkata marketing offices in key metro Mumbai cities G
Slide 11: Enables leading companies across industries identify the right packaging solutions
Electronics, Pharma & Others FMCG FMCG Liquor Food & Beverages “Enables leading companies across industries identify the right packaging solutions” 10
Slide 12: Growing global trend towards eco-friendly packaging solutions
Growing global trend towards eco-friendly packaging solutions fueled considerable growth over the last decade o Ever increasing end-consumer awareness and demand for eco-friendly & recyclable offerings Paperboard is a naturally Renewable, Recyclable and Compostable material o TCPL utilizes a mix of
Slide 13: Replacement of plastic in food packaging and e-commerce
Replacement of plastic in food packaging – Working on Replacement of plastic in e-commerce – Working on solutions to replacement of non-sustainable materials like plastic food trays with cut down on plastics in e-commerce and online delivery platforms biodegradable and environmentally friendly alter
Slide 14: Metallised board and water-based coatings
Replacement of plastic film lamination and plastic extrusion for food Metallised Board – developed in-house facility to transfer metallised and other barrier packaging effects on paperboard, giving the same quality and finish as metallised We are also working on alternative water-based coatings to r
Slide 15: TCPL Innofilms specialty PE films
TCPL INNOFILMS SPECIALTY CURRENT STRUCTURE NEW STRUCTURE PET InnoPure Adhesive Adhesive PE PE Non - RECYCLABLE 100% RECYCLABLE (Above is an example of a common (Above is an example of the use of our structure in the market) specialty PE Film) • The unique technology being employed by Innofilms offer
Slide 16: Growth strategy
Scale Pan-India Presence Improving consolidation in a Close-to-demand strategy to largely unorganized industry drive growth Sustainable Packaging Partnership with Solutions Customers Emerging as a major growth Leverage existing relationship opportunity to gain higher wallet share Investment in New D
Slide 17: Acquisition update: Creative Offset Printers (COPPL)
About Creative Offset Printer Private Limited (COPPL) Acquisition update Since both companies have production facilities in close proximity, TCPL aims to capitalize from key synergies, like cost rationalization & optimization Incorporated in 2002, COPPL was started TCPL currently owns a majority sta
Slide 18: Financial Performance
CONTRA BOXER BRIEF SHAKE SERUM pa
Slide 19: Q4 FY23 consolidated financial highlights
Total Revenues (Rs. Cr.) EBITDA (Rs. Cr.) Cash Profit (Rs. Cr.) 63.6 392.6 52.5 330.1 46.9 37.8 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 Shift % (Y-o-Y) 19% Shift % (Y-o-Y) 36% Shift % (Y-o-Y) 39% Margins (%) Margins (%) 14.2% 16.2% 11.4% 13.4% 18
Slide 20: FY23 consolidated financial highlights
Total Revenues (Rs. Cr.) EBITDA (Rs. Cr.) *Cash Profit (Rs. Cr.) 1,474.9 236.0 215.5 1,085.7 155.0 123.7 FY22 FY23 FY22 FY23 FY22 FY23 Shift % (Y-o-Y) Shift % (Y-o-Y) Shift % (Y-o-Y) 36% 52% 74% Margins (%) Margins (%) 14.3% 16.0% 11.4% 14.6% *Note: In Q2 FY23, TCPL received Rs.17.3 crore as an insu
Slide 21: Update on Capex Initiatives
Update on Capex Initiatives TCPL has recently commissioned a state-of-the-art advanced offset printing line along with ancillary equipment at the Silvassa facility. TCPL has also acquired and integrated neighbouring properties to meet the requirements of the expanded capacity at Silvassa. The Compan
Slide 22: Integration of TCPL Innofilms with TCPL Packaging
Integration of TCPL Innofilms, a wholly owned subsidiary, with TCPL Packaging to achieve Cost Efficiency and Synergies Merger of TCPL Innoflim into TCPL will result in reduced administrative costs by eliminating redundant paperwork and streamlining operations The synergistic consolidation will optim
Slide 23: Awards & Accolades Received in FY23
Awards & Accolades Received in FY23 TCPL received two awards at the Supplier Quality Excellence (SQE) Meet organised by Marico Ltd o Industry Best Practices for an insightful presentation on “Quality improvement Initiatives” o CAPA Champion TCPL also won several awards at the annual award ceremony o
Slide 24: Management commentary on Q4 & FY2023 performance
Commenting on the performance for Q4 & FY2023 Mr. Saket Kanoria, Managing Director, TCPL Packaging Limited said “We are delighted to announce the successful conclusion of yet another remarkable year. We registered a substantial growth of 36% in our consolidated total revenues to Rs. 1,475 crore in F
Slide 25: Consolidated income statement
Y-o-Y Change Y-o-Y Change Particulars (Rs. crore) Q4 FY23 Q4 FY22 FY23 FY22 (%) (%) Revenues from Operations 383.4 323.1 18.6% 1442.2 1065.4 35.4% Other Operating Income 9.2 7.0 31.6% 32.7 20.4 60.5% Total Revenues 392.6 330.1 18.9% 1474.9 1085.7 35.8% Total Expenditure • Raw Material expenses 236.5
Slide 26: Standalone income statement
Y-o-Y Change Y-o-Y Change Particulars (Rs. crore) Q4 FY23 Q4 FY22 FY23 FY22 (%) (%) Revenues from Operations 372.6 316.0 17.9% 1400.0 1055.9 32.6% Other Operating Income 8.4 6.8 23.2% 31.8 20.2 57.9% Total Revenues 381.0 322.9 18.0% 1431.9 1076.0 33.1% Total Expenditure • Raw Material expenses 230.2
Slide 27: Q4 FY23 performance commentary
Total Revenues On a Consolidated basis, Total Revenues stood at Rs. 393 crore as against Rs. 330 crore, higher by 19% On a YoY basis, the Company reported strong revenue growth on the back of healthy contribution from both business segments Successful expansion into new geographic markets, growing c
Slide 28: Balance sheet highlights as on 31 March 2023
Rs. 443.5 Rs. 932.3 Rs. 854.4 Crore Crore Crore Net-worth Capital Employed Fixed Assets (Gross) Rs. 7.3 Rs. 481.4 105 Crore Crore Days Cash & Investments Net Debt Net Working Capital Days Note: As on 31st March 2023 27
Slide 29: Annexure
Annexure \ \\ A le
Slide 30: Q4 & FY2023 Earnings Conference Call
Q4 & FY2023 Earnings Conference Call Time • 3:00 p.m. IST on Monday, May 29, 2023 To enable participants to connect to the conference call Pre-registration without having to wait for an operator, please register at the below mentioned link: Primary dial-in number • + 91 22 6280 1141 / 7115 8042 • Ho
Slide 31: About TCPL Packaging Limited and contact details
TCPL Packaging Limited (TCPL) (BSE: 523301, NSE: TCPLPACK), is For further information, please contact: one of India’s leading producers of sustainable packaging solutions for customers across industries. The Company partners with customers to provide paperboard-based packaging Vivek Dave solutions
Slide 32: ey NEW PANDA TOYS -COLLECT THEM ALL
1 SP |) ey NEW PANDA TOYS -COLLECT THEM ALL 4 Wi