Slide 1: Essel Propack filing cover letter to exchanges
-- -- •essel EXTRAORDINARY PACKAGING 30 July 2020 j Corporate Service Department ! The Listing Department !BSE Limited National Stock Exchange of India Ltd ! !25 th Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, 1· l Dalal Street, Mumbai 400 001 Bandra-Kurla Complex, Bandra
Slide 2: Essel Propack Limited (EPL) Q1FY21 Earnings Presentation
Essel Propack Limited (EPL) Q1FY21 Earnings Presentation
Slide 3: Safe Harbour
Essel Propack Limited Q1FY21 Earnings Presentation Safe Harbour Certain statements in this presentation concerning our future growth prospects are forward-looking statements. The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties that could cause actua
Slide 4: EPL 2.0: Continued Commitment to the Mission
EPL 2.0 Continued Commitment to the Mission
Slide 5: Recap: EPL 2.0 - Executive Summary
Essel Propack Limited Q1FY21 Earnings Presentation Recap: EPL 2.0 - Executive Summary 1 With Blackstone as the new controlling shareholder, our mission is to deliver: “Capital Efficient, Consistent Earnings Growth” 2 Strengthened management team, Board, and advisor network • Sudhanshu Vats (ex-Viaco
Slide 6: Q1FY21 Consolidated Financial Highlights
Essel Propack Limited Q1FY21 Earnings Presentation Q1FY21 Consolidated Financial Highlights: Reported Y-o-Y Revenue growth of 17.7%, EBITDA growth of 35.0% and PAT growth of 113.6% (INR million) Revenue from Operations EBITDA and EBITDA Margins EBIT and EBIT Margins 7,415 17.2% 19.8% 8.2% 12.0% 17.7
Slide 7: EPL 2.0 Mission: Capital Efficient, Consistent Earnings Growth
Essel Propack Limited Q1FY21 Earnings Presentation EPL 2.0 Mission: Capital Efficient, Consistent Earnings Growth (INR million) Q1FY20 Q1FY21 Growth Revenue 7,415 17.7% 6,298 Growth1 Adjusted EBITDA 1,506 38.7% 1,086 Adjusted EPS (INR) 1.93 115.4% 0.90 As of June’19 As of June’20 ROCE2 421 bps 19.9%
Slide 8: EPL Worked Proactively with All Stakeholders on Covid-19
Essel Propack Limited Q1FY21 Earnings Presentation EPL Worked Proactively with All Stakeholders to Ensure Business Continuity and Minimize Covid-19 Impact Proactively worked with regulatory authorities and customers to classify EPL in the “essential All 20 plants services” category Supply Enableme
Slide 9: Strong Traction in Hand Sanitizer Globally
Essel Propack Limited Q1FY21 Earnings Presentation Strong Traction in Hand Sanitizer Globally: EPL has Emerged as the Leading Supplier for Key Brands Product innovation in 15 days Market-first product in India and Laminate several geographies and Polymer Supply Helped over 50 brands globally go t
Slide 10: Renewed Focus on Capital Efficiency Leading to Reduction in Net Debt
Essel Propack Limited Q1FY21 Earnings Presentation Renewed Focus on Capital Efficiency Leading to Reduction in Net Debt Prudent Capex 3,040 Spend.. 2,305 1,405 1,286 122 FY17 FY18 FY19 FY20 Q1FY21 Capital Expenditure (INR million) ..Leading to 7,035 Reduction in Net 5,636 4,998 Debt 2,760 2,482 FY17
Slide 11: Continued Focus on Fundamental Levers – Q1FY21
Essel Propack Limited Q1FY21 Earnings Presentation Continued Focus on Fundamental Levers – Q1FY21 • Accelerated growth in Personal Care • Continued leadership in Oral Care • Improved Performance in Europe • Industry leadership in eco-friendly solutions 10
Slide 12: Personal Care Has Grown at a 16% CAGR Over Nine Years
Essel Propack Limited Q1FY21 Earnings Presentation Personal Care has grown at a 16% CAGR Over the Last Nine Years and Continues to be the Major Growth Driver for EPL in Q1FY21 Personal Care Revenue (INR million) 15.9% CAGR 11,206 8,254 Growth 21.2% Y-o-Y 2,980 3,231 Sub-categories FY11 FY15 FY20 Q1F
Slide 13: Personal Care Contribution Stood at 49% in Q1FY21
Essel Propack Limited Q1FY21 Earnings Presentation Personal Care Contribution stood at 49% in Q1FY21 Personal Care Contribution to Tube Revenue 375 bps 49% 45% 43% 41% FY18 FY19 FY20 Q1FY21 Continued focus on increase in Personal care share helped by increased demand of hand sanitisers 12
Slide 14: Continued Growth in Personal Care (1/2)
Essel Propack Limited Q1FY21 Earnings Presentation Continued Growth in Personal Care (1/2) (INR million) AMESA EAP -1.0% CAGR 21.1% CAGR Growth 90.8% Growth -23.0% Y-o-Y Y-o-Y 3,917 3,821 3,839 765 1,158 1,611 1,698 696 FY18 FY19 FY20 Q1FY21 FY18 FY19 FY20 Q1FY21 Highlights Highlights Personal Car
Slide 15: Continued Growth in Personal Care (2/2)
Essel Propack Limited Q1FY21 Earnings Presentation Continued Growth in Personal Care (2/2) (INR million) Americas Europe 19.0% CAGR 29.2% CAGR Growth 37.3% Y-o-Y Growth 30.6% Y-o-Y 896 1,277 1,496 431 2,950 3,572 4,180 1,345 FY18 FY19 FY20 Q1FY21 FY18 FY19 FY20 Q1FY21 Highlights Highlights Persona
Slide 16: Continued Focus on Fundamental Levers – Q1FY21
Essel Propack Limited Q1FY21 Earnings Presentation Continued Focus on Fundamental Levers – Q1FY21 • Accelerated growth in Personal Care • Continued leadership in Oral Care • Improved Performance in Europe • Industry leadership in eco-friendly solutions 15
Slide 17: EPL's Global Leadership in Oral Care
Essel Propack Limited Q1FY21 Earnings Presentation EPL has Established Global Leadership in Oral Care with the Segment Demonstrating Steady Long-Term Revenue Growth at a CAGR of 10.1% Oral Care Revenue (INR million) 10.1% CAGR 12,748 13,809 11,764 Growth 10.4% 9,203 Y-o-Y 5,823 3,378 FY11 FY13 FY15
Slide 18: Continued Focus on Fundamental Levers – Q1FY21
Essel Propack Limited Q1FY21 Earnings Presentation Continued Focus on Fundamental Levers – Q1FY21 • Accelerated growth in Personal Care • Continued leadership in Oral Care • Improved Performance in Europe • Industry leadership in eco-friendly solutions 17
Slide 19: Continued Growth Momentum in Europe
Essel Propack Limited Q1FY21 Earnings Presentation Continued Growth Momentum in Europe across Oral and Personal Care Categories Europe Revenue (INR million) 8,000 6,771 5,852 6,000 5,096 4,000 Growth Y-o-Y 1,977 30% Total 2,000 62% 64% 61% 19% Oral Care 70% 37% Personal Care 0 FY18 FY19 FY20 Q1FY21
Slide 20: Leading to Strong EBITDA Growth and Margin Improvement
Essel Propack Limited Q1FY21 Earnings Presentation Leading to Strong EBITDA Growth and Margin Improvement Europe EBITDA (INR million) 1,000 12.8% 15.0% 15.0% 800 10.3% 866 10.0% 600 10.0% 603 400 511 5.0% Growth 97.9% 200 298 Y-o-Y 0 0.0% FY18 FY19 FY20 Q1FY21 EBITDA Margin Key elements to profit gr
Slide 21: Continued Focus on Fundamental Levers – Q1FY21
Essel Propack Limited Q1FY21 Earnings Presentation Continued Focus on Fundamental Levers – Q1FY21 • Accelerated growth in Personal Care • Continued leadership in Oral Care • Improved Performance in Europe • Industry leadership in eco-friendly solutions 20
Slide 22: Sustainability: an Intrinsic Value at EPL
Essel Propack Limited Q1FY21 Earnings Presentation Sustainability: an Intrinsic Value at EPL Committed to sustainability by offering innovative solutions across product categories. Won ETMA Award in “Sustainability Category” Platina • Fully-recyclable (Code 2) laminate Successful APR1 (Oral Oral Car
Slide 23: Strong Traction of EPL's Sustainable Offerings
Essel Propack Limited Q1FY21 Earnings Presentation Strong Traction and Acceptability of EPL’s Sustainable Offerings by Leading Global Customers Enabled leading Oral Care Player Ship EPL’s Sustainable Laminates Being Platina Laminate is Now Ready for World’s First Recyclable Tube Commercialized Globa
Slide 24: Appendix
Appendix
Slide 25: Q1FY21: Adjusted EBITDA and Adjusted PAT Growth
Essel Propack Limited Q1FY21 Earnings Presentation Q1FY21: Adjusted EBITDA Grew 38.7% Y-o-Y & Adjusted PAT Grew 115.4% Y-o-Y (INR million) Adjustments EBITDA PAT1 Reported Q1FY21 numbers 1,466 605 • China Tax refund - -25 • TSA2 related expenses +40 +30 Adjusted Q1FY21 numbers 1,506 610 Reported Q1F
Slide 26: Q1FY21 Regional Performance – 1/2
Essel Propack Limited Q1FY21 Earnings Presentation Q1FY21 Regional Performance – 1/2 Revenue Split % across Regions EBIT Split % across Regions Europe, AMESA, Europe, AMESA, 19% 17% 26% 28% Americas, 17% Americas, 20% EAP, 26% EAP, 47% • Robust growth achieved in EAP (46% Y-o-Y) and Europe (30% Y-o-
Slide 27: Q1FY21 Regional Performance – 2/2
Essel Propack Limited Q1FY21 Earnings Presentation Q1FY21 Regional Performance – 2/2 (INR million) Revenue YoY Growth EBITDA1 Margin AMESA1 2,190 -2.7% 442 20.2% EAP 2,021 45.6% 552 27.3% Americas 1,510 10.5% 256 17.0% Europe 1,977 30.3% 298 15.0% (1) AMESA EBITDA is adjusted for INR 40 million of T
Slide 28: Q1FY21 Performance – AMESA and EAP
Essel Propack Limited Q1FY21 Earnings Presentation Q1FY21 Performance – AMESA and EAP (INR million) AMESA1 Particulars Q1FY21 Q1FY20 % change Revenue 2,190 2,251 -2.7% EBITDA 442 459 -3.7% EBITDA % 20.2% 20.4% EBIT 200 208 -4.0% EBIT % 9.1% 9.2% EAP Particulars Q1FY21 Q1FY20 % change Revenue 2,021 1
Slide 29: Q1FY21 Performance – Americas and Europe
Essel Propack Limited Q1FY21 Earnings Presentation Q1FY21 Performance – Americas and Europe (INR million) Americas Particulars Q1FY21 Q1FY20 % change Revenue 1,510 1,366 10.5% EBITDA 256 220 16.4% EBITDA % 17.0% 16.1% EBIT 155 131 17.7% EBIT % 10.2% 9.6% Europe Particulars Q1FY21 Q1FY20 % change Rev
Slide 30: About EPL
About EPL
Slide 31: EPL: Company Overview
Essel Propack Limited Q1FY21 Earnings Presentation EPL: Company Overview Largest laminated Global Leader in Growing Strong tubes Oral Care emergence in relationships with manufacturer Personal Care marquee FMCG customers ~8 bn Tubes #1 Globally 45% contribution 20+ years Best in class Best in class
Slide 32: EPL Caters to Marquee Customers Across Trillion Dollar Categories
Essel Propack Limited Q1FY21 Earnings Presentation EPL Caters to Marquee Customers Across Trillion Dollar Categories Tube revenue split (Q1FY21) Personal Care, 49% 5% Others 16% Pharma 51% 28% Oral Care Beauty & Cosmetics 31
Slide 33: About EPL
Essel Propack Limited Q1FY21 Earnings Presentation About EPL EPL is the largest global specialty packaging company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space. Employing over 3,366 people representing over 25 different nationalities, EPL functions in ten countries th