Slide 1: Exchange filing cover letter
1st November 2022 BSE Limited National Stock Exchange of India Ltd Mumbai Mumbai SCRIP CODE: 512070 SYMBOL: UPL Sub: Investor presentation Dear Sir/ Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing the investor present
Slide 2: Q2 & H1 FY23 Performance Presentation
Q2 & H1 FY23 Performance Presentation November 2022
Slide 3: Safe Harbor Statement
Safe Harbor Statement This document contains certain forward-looking statements with respect to the financial condition, results of operations and business of UPL Limited (UPL) and certain of the plans and objectives of UPL with respect to these items. Examples of forward- looking statements include
Slide 4: Q2 FY23 Business Highlights – Solid Growth in Revenue and Profitability
Q2 FY23 Business Highlights – Solid Growth in Revenue and Profitability ₹ 12,506 Cr ₹ 5,324 Cr ₹ 2,768 Cr ₹ 813 Cr Revenue Contribution EBITDA Net Profit +18% +27% +35% Vol.-7%, Price +21% +28% Margin: 42.6% Margin: 22.1% FX +4% • Robust revenue growth led by significant pick-up in realizations acro
Slide 5: Q2 FY23 Regional Highlights – Double Digit Across All Regions except Europe
Q2 FY23 Regional Highlights – Double Digit Across All Regions except Europe (₹ crore) Latin America North America Europe Rest of World India +20% +24% +1% +21% +22% 6,092 5,087 2,067 1,354 1,336 1,702 1,808 1,185 1,483 958 Q2FY23 Q2FY22 • Improved herbicides pricing • Industry annual growth in • Fla
Slide 6: Q2 FY23 Performance Highlights – Strong Growth led by Pricing and Favorable FX
Q2 FY23 Performance Highlights – Strong Growth led by Pricing and Favorable FX (₹ Crore ) Q2 FY 2023 Q2 FY 2022 YoY% Revenue Variance (%) Revenue 12,506 10,567 18% Contribution Profit 5,324 4,192 27% 4% 21% Contribution Margin 42.6% 39.7% 290 bps SG&A Expenses 2,557 2,147 19% EBITDA 2,768 2,045 35%
Slide 7: H1 FY23 Performance Highlights – Strong Growth led by Proactive Pricing Actions
H1 FY23 Performance Highlights – Strong Growth led by Proactive Pricing Actions (₹ Crore ) H1 FY 2023 H1 FY 2022 YoY% Revenue Variance (%) Revenue 23,328 19,082 22% 3% Contribution Profit 10,058 7,911 27% 20% Contribution Margin 43.1% 41.5% 166 bps SG&A Expenses 4,949 4,003 24% EBITDA 5,110 3,908 31
Slide 8: Q2 FY23 Reimagining Sustainability Highlights
Q2 FY23 Reimagining Sustainability Highlights • Published UPL’s Task Force on Climate-Related Financial Disclosures Report, illustrating climate change related risks; mitigation strategies developed to increase our resilience • In partnership with FIFA foundation, launched the Gigaton Carbon Goal in
Slide 9: Q2 FY23 Detailed Profit and Loss Statement
Q2 FY23 Detailed Profit and Loss Statement All Figures are in ₹ Crore Particulars Q2 FY23 % of Sales Q2 FY22 % of Sales Change % Revenue from operation 12,506 100% 10,567 100% 18% Cost of Production 7,182 57% 6,375 60% Contribution Profit 5,324 43% 4,192 40% 27% SG&A Expenses 2,557 20% 2,147 20% EBI
Slide 10: H1 FY23 Detailed Profit and Loss Statement
H1 FY23 Detailed Profit and Loss Statement All Figures are in ₹ Crore Particulars H1 FY23 % of Sales H1 FY22 % of Sales Change % Revenue from operation 23,328 100% 19,082 100% 22% Cost of Production 13,269 57% 11,171 59% Contribution Profit 10,058 43% 7,911 41% 27% SG&A Expenses 4,949 21% 4,003 21%
Slide 11: Q2 & H1 FY23 Finance Cost and Other Income Breakdown
Q2 & H1 FY23 Finance Cost and Other Income Breakdown Finance Cost Breakdown (₹ crore) Other Income Breakdown (₹ crore) Particulars Q2FY23 Q2FY22 Change H1FY23 H1FY22 Change Particulars Q2FY23 Q2FY22 Change H1FY23 H1FY22 Change Interest on 274 170 104 489 335 154 Interest Borrowings (71) (39) (32) (1
Slide 12: Increase in NWC due to Robust Growth and Short-term Build up in Inventory
Increase in NWC due to Robust Growth and Short-term Build up in Inventory Q2FY23 Q2FY22 (No. of days) 141 147 130 134 137 117 124 114 Inventory Days Recievable Days Payable Days Net Working Capital Days Q2FY23: 19,457 Cr Q2FY23: 18,044 Cr Q2FY23: 20,374 Cr Q2FY23: 17,127 Cr Q2FY22: 13,077 Cr Q2FY22:
Slide 13: Increase in Net Debt and Net Working Capital as on 30th Sep 2022
Increase in Net Debt and Net Working Capital as on 30th Sep 2022 Increase in Net Debt Increase in Net Working Capital All figures are in US$ Mn All figures are in US$ Mn 2,497 1,140 3,500 2,102 962 269 1 734 Reported Net Debt as Reported Net Debt as Cash Returned to Increase in Net Debt Reported Net
Slide 14: ANNEXURE
ANNEXURE 13
Slide 15: Q2 & H1 FY23 Advanta Performance Highlights – Robust Traction in Revenue and EBITDA
Q2 & H1 FY23 Advanta Performance Highlights – Robust Traction in Revenue and EBITDA (₹ Crore ) Q2 FY2023 Q2 FY2022 YoY% H1 FY2023 H1 FY2022 YoY% +30% Revenue Growth vs LY Revenue 982 757 30% 1,823 1,414 29% • Strong Growth in Field Corn in ASEAN, South Asia and LATAM (ex-Brazil) Contribution • Renew
Slide 16: Debt Position as on 30th Sep 2022
Debt Position as on 30th Sep 2022 All figures are in ₹ Crore and US$ Mn Particulars Sep’22 Sep’21 Change Mar’22 32,550 27,146 +5,404 25,866 Gross Debt $3,995 $3,657 +$338 $3,416 Cash and cash 4,0382 2,867 1,171 6,960 equivalent $496 $386 +110 $919 28,512 24,279 +4,233 18,906 Reported Net Debt $3,500
Slide 17: Thank You
eo Thank You