Tcpl Packaging Limited · NSE:TCPLPACK
Tcpl Packaging — Investor Presentation (July 2021)
39 slides from Tcpl Packaging's investor presentation, July 2021
Slide 1: Investor Presentation July 2021
Investor ’ Qrep. July 2021
Slide 2: Forward-looking statements disclaimer
Certain statements and opinions with respect to the anticipated future performance of TCPL Packaging Limited 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. Such f
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Slide 4: 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 31 YEARS 906 (RS. CRORE) 99 (RS. CRORE) 17.7% 7 ~1,900 15 years Of proving an Revenue Cash Profit* Manufacturing Employees array of Revenue (FY21) (FY21) units (FY21) packaging CAGR solutions (
Slide 5: To be the most admired Indian packaging company
To be the Maintain and acquire most admired customers and Indian contribute to their success packaging Company with To drive long term an objective profitable growth to: Get it right the first time every time 5
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: Carton packaging 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: Flexible packaging solutions across industry verticals
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: Company milestones since 1990
Branched into Added Crossed $100m sheetfed offset Third Turnover printing Gravure Packaging Incorporated line TCPL Innofilms Private Limited First machine Started Started begins production Haridwar Guwahati at Silvassa Factory Factory 1990 1997 2001 2003 2005 2008 2010 2012 2015 2016 2018 2019 2021
Slide 10: Deep-rooted relationships, innovative products, advanced technology
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 11: Long term relationships with several customers spanning over 31 years
Long term relationships with several customers spanning over 31 years 100+ customers ranging across large domestic 100+ 50+ & global corporates Delivers innovative & sustainable packaging Folding Flexible solutions to customers across various industry Cartons Packaging verticals such as FMCG, Food &
Slide 12: Enables leading companies across industries identify the right packaging solutions
Liquor Agrochemical, Pharma & Others FMCG Tobacco Food & Beverages “Enables leading companies across industries identify the right packaging solutions” 12
Slide 13: Committed to best-in-class, high-quality packaging solutions
Delivers Specialized Customization Packaging Solution Expert Well equipped Interventions with advanced software Exclusive technical collaborations “Committed to developing best-in-class, high-quality, and cutting-edge packaging solutions” 13
Slide 14: Specialty inks, lens effects and security features
SECURITY FEATURES – PRINTING, EMBELLISHMENT & SPECIALITY INKS SPECIALISED LENS EFFECT CODING Hidden Text/ Anti-copy feature Micro Text Images SUSTAINABLE ALTERNATIVE TO SPECIALTY COATINGS PLASTIC Random Auto paste alphanumeric coding QR code barcodes /scratch & read tags Hologram pasting Micro - emb
Slide 15: Appealing print finish, biodegradable packaging, gift box printing
Appealing Print Finish Appealing Print Finish Lux Valentina - matt/gloss Afxigra Lens – Carton 3D combination, embossing, hologram lens registered to +/- double pass foil stamping. 0.1mm accuracy Glued with hot melt on PE coated board Hidden Images, Texture UV, Cast & Cure Biodegradable Packaging Ho
Slide 16: 7 manufacturing units across 4 locations
Close-to-demand strategy has enabled TCPL to emerge as one of India’s leading sustainable packaging solution providers *Haridwar Headquartered in Mumbai, Delhi Guwahati TCPL operates 7 manufacturing units across 4 locations & has *Silvassa Kolkata marketing offices in key metro Mumbai cities Goa Pro
Slide 17: Export revenue of Rs. 198.9 crore for FY21
Revenue Break-Up Exports 22% Domestic 78% Export Revenue stood at Rs. 198.9 crore for FY21 “As a ‘Star Export House’, TCPL offers exemplary value to its clients along with world-class quality and service” 17
Slide 18: Operational excellence through latest technology and practices
Focus on achieving operational excellence by adopting latest technology and practices Established best-in-class equipment across facilities State-of-the-art laboratories at all plants to ensure GRAVURE PROCESS OFFSET PROCESS high quality Ink management systems installed as per international standard
Slide 19: Growing global trend towards eco-friendly packaging
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 20: PE blown film line for recyclable packaging
Considering the plastic waste disposal crisis, there is increasing pressure on brand owners to use recyclable packaging solutions To meet this growing demand, TCPL Innofilms Private Limited, a wholly owned subsidiary of TCPL, is setting up a Poly-ethylene (PE) blown film line from Reifenhauser (Germ
Slide 21: Environment, Social, Governance
Environment TCPL has framed a policy on Business Responsibility aimed to fulfil its Social, Environmental and Economical responsibilities. It covers procedures relating to environment protection in detail and is available on TCPL’s website: TCPL - Business Responsibility Policy Invested in roof top
Slide 22: Executive directors and management
K. K. Kanoria Saket Kanoria Rishav Kanoria S. G. Nanavati Akshay Kanoria Executive Chairman Managing Director Director Executive Director Executive Director Graduate from Kolkata MBA-Finance from George Graduate from University Chartered Accountant & Graduate from University University with Hons. in
Slide 23: Independent directors
Sunil Talati Sudhir Merchant Atul Sud Rabindra Jhunjhunwala Deepa Harris Independent Director Independent Director Independent Director Independent Director Independent Director Senior Partner of M/s.Talati An Industrialist having An IIM Ahmedabad Partner at Khaitan & Co, a Have over 3 decades of &
Slide 24: Strategic growth pillars
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 25: CONTRA
al) CONTRA BOXER BRIEF SHAKE SH BSPRM
Slide 26: Multiple tailwinds in Folding Cartons & Flexible Packaging industry
India is one of the fastest growing consumers of packaging solutions in the world due to growing domestic consumption trends Paperboard industry is expected to grow at a healthy rate led by significant demand from Consumer, Food & Beverage, Liquor, Agro-Chemicals, Pharma, Retail, among other industr
Slide 27: Largely unorganized folding carton and flexible packaging industries
Folding Carton Industry is Flexible Packaging Industry largely unorganized 2 1000+ 2-3 500+ 4-5 4-5 200+ Many Many <200 Small unorganized Revenue (Rs. Crore) Note – Number of Companies with Rs. 1000+ crore, 500+ crore, 200+crore and <200 crore revenue 27
Slide 28: Financial Highlights
GERM EXPERT 4 Financial Highlights
Slide 29: Revenue (Rs. Cr.)
Revenue (Rs. Cr.) Till 2017, the Company had FY07 to FY21 - 15-year CAGR: 17.7% reported a robust 10-year CAGR 891.9 906.4 of 19.8% FY07 to FY17 - 10-year CAGR: 19.8% 817.1 Challenging external environment owing to 700.7 demonetization, GST and Covid- 19 pandemic impacted the 592.6 613.5 Company’s t
Slide 30: EBITDA and Cash Profit
EBITDA (Rs. Cr.) EBITDA Margin (%) FY12 to FY21 - 10-year CAGR: 14.8% 16.7% 17.3% 14.8% 15.1% 15.7% 16.3% 14.7% 15.4% Tough macro environment along 12.9% 13.3% with venture into Flexible packaging category significantly impacted TCPL's profitability in FY18 and FY19 100.5 105.7 128.1 136.3 41.3 55.7
Slide 31: Net Debt to Equity and Capital Expenditure
Net Debt to Equity Investments over the years have 1.87 1.93 1.79 enabled TCPL to emerge as one 1.58 1.66 of India's leading packaging 1.53 1.31 1.3 1.26 manufacturers 1.08 Comfortable Net-Debt position – cash flows prudently utilized towards capacity expansion and FY12 FY13 FY14 FY15 FY16 FY17 FY18
Slide 32: ROCE and RONW
ROCE 22.7% 23.1% Over the past few years, return 17.4% 16.3% 16.4% ratios have been below internal 13.8% 13.3% 13.3% 12.7% expectations due to lower utilization of newly 10.9% commissioned capacities FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 Optimal utilization of capacities to facilitate be
Slide 33: Key balance sheet particulars FY12-FY21
Particulars FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 Net Worth (Rs. Cr) 67 78 88 114 145 178 216 241 269 301 Gross Block 251* 280* 328* 392* 478* 585* 426 516 595 632 Cash and cash equivalents (Rs. Cr) 1 3 3 6 6 11 15 6 16 6 Capital Employed (Rs. Cr) 195 233 248 297 384 487 519 578 659 581
Slide 34: Dividend per share and payout ratio
Dividend Per Share (Rs.) Dividend Payout Ratio 26.2% 23.9% 20.0% 20.0% 20.4% 20.1% 19.9% 19.5% 19.7% 7.35 7.35 6.00 6.25 10.0% 5.25 3.70 4.00 2.65 2.50 2.00 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 “One of the first companies to announce a dividend policy – Committed to healthy dividend pay
Slide 35: One of India's leading producers of sustainable packaging solutions
One of India’s leading producers of sustainable packaging solutions for customers across industries Versatile & technologically advanced packaging solution provider with PAN-India presence Emerging innovative player in the flexible packaging industry Consistently outperformed growth in underlying in
Slide 36: Annexure
Annexur \ \\ A le
Slide 37: Key Market Statistics and Shareholding Pattern
Key Market Statistics As on 30-June-2021 Shareholding Pattern* BSE/NSE Ticker 523301 / TCPLPACK Domestic Foreign Institutions Others, 8.50% CMP (Rs) 546.3 Institutions (MF), 0.01% Market Cap (Rs Crore) 497.1 (FPI, FII) & NRI, 0.86% Number of outstanding shares (Crore) 0.91 AIF, 8.13% Face Value 10.0
Slide 38: About TCPL Packaging Limited and contacts
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 39: CORN
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