Upl Limited · NSE:UPL
Upl — Q1 FY2025 Earnings Presentation
15 slides from Upl's earnings presentation, Aug 2, 2024
Slide 1: Exchange filing cover letter
UPL Limited, Uniphos House, C.D. Marg, 11th Road, Madhu Park, Khar (West), Mumbai – 400052, India w: www.upl-ltd.com e: contact@upl-ltd.com t: +91 22 6856 8000 2nd August 2024 BSE Limited National Stock Exchange of India Ltd. Mumbai Mumbai SCRIP CODE – 512070 SYMBOL: UPL Sub.: Investor presentation
Slide 2: Q1FY25 Performance Presentation
Q1FY25 Performance Presentation August 2024
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: Q1FY25 Highlights — Volume Driven Growth, Margins Improving
Q1FY25 Highlights — Volume Driven Growth, Margins Improving Revenue Contribution EBITDA Net Debt ₹9,067Cr ₹3,584Cr ₹1,145Cr ₹27,500Cr 1% (13%) (28%) Higher by Vol: 16% Margin: 39.5% Margin: 12.6% ₹1,306Cr Price: -14%, Fx: -1 • Strong volume recoveries across all our geographies; Pricing pressure rem
Slide 5: UPL Group: Strong Volume Rebound; Contribution Margins On A Path To Recovery
UPL Group: Strong Volume Rebound; Contribution Margins On A Path To Recovery (₹ Crore ) Q1 FY 2025 Q1 FY 2024 YoY% Revenue Variance – Q1FY25 vs. Q1FY24 Revenue 9,067 8,963 1% Contribution Profit 3,584 4,098 (13%) Contribution Margin 39.5% 45.7% -620bps 16% SG&A Expenses 2,439 2,505 (3%) EBITDA 1,145
Slide 6: UPL Corporation: Volume Led Revenue Growth, Along With Continued Overheads Control
UPL Corporation: Volume Led Revenue Growth, Along With Continued Overheads Control (₹ Crore ) Q1 FY 2025 Q1 FY 2024 YoY% Revenue 6,140 5,855 5% Q1FY25 Performance Update • Revenue Variance: Volume: 25%, Price: -20%, FX: 0% Contribution Profit 1,839 2,105 (13%) • Strong volume growth across most regi
Slide 7: UPL Corporation: Strong Volume Driven Growth Across Most Regions
UPL Corporation: Strong Volume Driven Growth Across Most Regions Q1FY25 Q1FY24 (₹ Crore) Latin America North America Europe Rest of World -9% 66% 9% 3% 2,706 2,452 1,337 1,228 1,206 1,098 1,173 660 • Brazil: Volumes offset by price decline • Strong volume growth, mainly in • Strong volume led growth
Slide 8: UPL SAS: Improved Working Capital, Postponement Of Sales Closer To Consumption
UPL SAS: Improved Working Capital, Postponement Of Sales Closer To Consumption (₹ Crore ) Q1 FY 2025 Q1 FY 2024 YoY% Q1FY25 Performance Update Revenue 1,003 1,202 (17%) • Revenue Variance: Volume: -13% QoQ, Price: -4% QoQ o Postponement of sales to July (closer to season) to optimize working Contrib
Slide 9: Advanta: Faced Some Headwinds On Account Of Inventory Shortages
Advanta: Faced Some Headwinds On Account Of Inventory Shortages (₹ Crore) Q1 FY 2025 Q1 FY 2024 YoY% Q1 FY25 Performance Update Revenue 985 1,061 (7%) • Volume: - 8 %, Price: + 1 %, FX: + 0.1 % Contribution 588 662 (11%) • Revenue Growth impacted by tight inventories of certain products and supply
Slide 10: UPL Specialty Chemicals: Good Growth In Non Captive Business
UPL Specialty Chemicals: Good Growth In Non Captive Business. Captive Business In Line With Crop Protection Q1 FY25 Performance Update (₹ Crore ) Q1 FY 2025 Q1 FY 2024 YoY% Captive Revenue 2,145 2,758 (22%) • Captive revenue declined by 27%, driven by product mix and inventory liquidation in interna
Slide 11: NWC Days Remained Flat With Lower Inventory Days Being Neutralized By Higher Receivable Days
NWC Days Remained Flat With Lower Inventory Days Being Neutralized By Higher Receivable Days Q1FY25 Q1FY24 (No. of Days) 135 131 127 117 125 124 121 122 Inventory Days Recievable Days Payable Days Net Working Capital Days Q1FY25: 13,887 Cr Q1FY25: 15,963 Cr Q1FY25: 15,522 Cr Q1FY25: 14,328 Cr Q1FY24
Slide 12: Net Debt Stood At $3.30 Bn As Of June’24, Up By $105 Mn vs. LY
Net Debt Stood At $3.30 Bn As Of June’24, Up By $105 Mn vs. LY Gross & Net Debt Position — June 2024 vs. June 2023 All figures are in US$ Mn and ₹ Crore Change June’ 24 Change June’ 23 Particulars June’24 June’23 Change March ’24 March ’23 vs March’ 24 vs March’ 23 $3,795 $3,667 $128 $3,410 $2,799 $
Slide 13: Annexure
ANNEXURE 12
Slide 14: Breakdown Of Net Finance Cost – Q1 FY25
Breakdown Of Net Finance Cost – Q1 FY25 Net Finance Cost Breakdown (₹ crore) Particulars Q1FY25 Q1FY24 Change Interest on Borrowings 515 368 148 Interest on Leases & Others 190 287 (97) Other Financial Charges 38 37 1.5 NPV – Interest & Finance 71 125 (54) Interest Income (74) (66) (8) Total Net Fin
Slide 15: Thank You
i Thank You