Slide 1: Exchange intimation letter for Investor Presentation
CFL/SE/2024-25/AUGUST/07 August 08, 2024 The Manager (Listing) The Manager (Listing) BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Plot no. C/1, G Block, Mumbai-400 001 Bandra – Kurla Complex Scrip Code: 508814 Mumbai-400 051 Security ID:
Slide 2: A Perspective
A Perspective August 2024 Speciality Films, Speciality Chemicals, Rigid Packaging & Petcare Flexible Packaging I Lamination I Labeling I Synthetic Paper I Speciality Chemicals I Plastech I Sunshield I D2C Petcare (Zigly)
Slide 3: Discussion Summary
Discussion Summary Cosmo First – An Overview June 2024: Quarter - Performance Snapshot Strategic Perspective Our Businesses: Films Business Specialty Chemicals Rigid Packaging (Plastech) D2C Petcare (Zigly) Financial Overview ESG Focus Disclaimer Certain statements in this presentati
Slide 4: Company Overview
Company Overview Strong History & Leading Position Global Leader in some Specialty Segments Unique Proposition Established in 1981, Cosmo Films World’s largest producer of thermal Uniquely positioned with a strong blend of Ltd.is the pioneer of BOPP Films lamination films. specialty/semi-speci
Slide 5: Company Overview – Businesses
Company Overview – Businesses Speciality films focused business with target to sell 80% BOPP based volume of speciality films by FY26 (FY24 Speciality 64% and Q1, FY25 69%) Verticals: Masterbatch (From FY21) Coating Chemicals (From FY22) Adhesive (From FY24) End-to-end rigid packaging vertical (F
Slide 6: Company Overview - Key Milestones
Company Overview - Key Milestones ► Established in 1981, Cosmo Films Ltd.is ►Speciality Chemicals ►2012: 2nd ►2016: CPP line-1 the pioneer of BOPP Films Industry in ►Petcare “Zigly” India; coating line ►2017: 10th BOPP ► Globally amongst top four in BOPP ►2010: 2nd ►2013: 9th line Specialty films an
Slide 7: Speciality & Semi Speciality Growth and Margins
Speciality & Semi Speciality Growth and Margins Expanding Speciality & Semi-Speciality films portfolio (high margin category) (FY24 64% volume; 11% CAGR over last 5 years). Target 80%+ volume from Speciality & Semi Speciality segment by 2026. 120% 80 70 100% 60 Films Volume (%) Gross Margin/kg 8
Slide 8: Films Margin/Volume & Capacity Utilization
Films Margin/Volume & Capacity Utilization Quarterly movement in Films margin Films Volume Bifurcation 120% 70 120% 100% 60 100% 65% 64% 61% 66% 69% 50 12% 14% 10% 10% 6% Films Volume (%) Gross Margin/Kg 80% 40 80% 60% 30 60% 40% 20 94% 88% 86% 90% 90% 40% 20% 35% 36% 39% 34% 10 31% 0% - 20% Q1'FY24
Slide 9: Core Profitability – Consolidated :: Q1’FY25 and Q4’FY24
Core Profitability – Consolidated :: Q1’FY25 and Q4’FY24 Q1' FY 2025 Q4' FY 2024
Slide 10: Performance Snapshot
Performance Snapshot INR Cr. Q1 FY25 Particulars Unaudited Q1 FY 24-25 Audited Q4 FY 23-24 Unaudited Q1 FY 23-24 Standalone Consolidated Standalone Consolidated Standalone Consolidated Net Sales 647 690 604 641 602 658 EBITDA 65 84 50 67 46 55 Performance EBITDA % 10% 12% 8% 11% 8% 8% PBT 19 37 3 18
Slide 11: Performance Snapshot – Management Commentary Continues
Performance Snapshot – Management Commentary Continues … BOPET business started in Sept 2022 (about 4% of Company’s sales in Q1, FY25) has also earned EBITDA for the first time since started operations. For Film Business, the Company’s focus shall remain on specialty film business and cost ratio
Slide 12: Strategic Perspective – Why Cosmo First?
Why Cosmo First ? Company with diversified businesses with target 20% CAGR topline growth in next 3 years coupled with commensurate return growth. Strategic Potential high Growth Engines include Speciality Films, Speciality Chemicals, Rigid packaging and D2C Petcare business. Perspective Stron
Slide 13: Strategic Perspective – Why Cosmo First?
Why Cosmo First ? Speciality Chemicals: Masterbatch plant (1st line with 75% captive consumption & 25% outside sale). Coating Chemicals – scale up in coming years. Strategic Complimentary Adhesive business for Packaging, Lamination and Labels – FY24. Target 25%+ ROCE business with business
Slide 14: Business Overview “FILMS Business”
Business Overview “FILMS Business”
Slide 15: Manufacturing Footprints & Offices
Manufacturing Footprints & Offices” Upcoming capacities: CPP line (25000 TPA – H2’FY25) - Waluj, Aurangabad BOPP line (67000 TPA – H1’FY26) – Waluj, Aurangabad
Slide 16: Films Business-India Industry Dynamics & Capex Strategy
Films Business-India Industry Dynamics & Capex Strategy Data Source: AMI/PCI/Other Independent Research and Industry Sources
Slide 17: Films Business - Speciality Films Product Portfolio
Films Business - Speciality Films Product Portfolio PACKAGING FILMS LAMINATION FILMS LABEL FILMS INDUSTRIAL FILMS o Print & Pouching Films o Thermal Lamination & Wet o Pressure Sensitive Label o Synthetic paper o Tape & Textile Films Lamination stock films o Cable Overwrap o Barrier Films o Special
Slide 18: Speciality Films Focus
Speciality Films Focus Grow Speciality portfolio by volume from Key Speciality Products: 64% in FY24 to 80%+ by 2026 Globally among top four players in BOPP Speciality films Speciality Label Films – Second largest player in the World Each 1% shift in Speciality adds EBITDA Thermal Lamina
Slide 19: Focus on R&D and innovation to fuel next phase of growth
Focus on R&D and innovation to fuel next phase of growth Infrastructure Innovative Product Launches Specialized BOPET line: We have launched wide range of PET-G shrink films - High shrink, Low shrink force, White PETG , PET-G shrink films for containers –PET,HDPE &PP. High Scratch Resistant Meta
Slide 20: Films Business – Customers/Brands we Serve
Films Business – Customers/Brands we Serve Company stands as a trusted partner to a prestigious portfolio of large blue chip companies and renowned brands. . . Disclosure: All these are trademarks of respective Owners
Slide 21: Rigid Packaging “Plastech” Business Overview
Rigid Packaging “Plastech” Domestic Industry size of INR 10,000 Cr and growing @ 10%+ End-to-end rigid packaging solutions. Business Overview Specializes in creating customized packaging solutions for a variety of fast- moving consumer goods products. “Rigid Packaging” State-of-the-art machi
Slide 22: Business Overview “Speciality Chemicals Business”
Business Overview Masterbatches Adhesives India Industry size is 500k mt. Adhesive kick started from Industry growing by 11% pa. “Speciality Masterbatch is a concentrated H2’FY23 Global Industry USD 52 billion Chemicals Business” mixture of pigments and additives used for imparting specifi
Slide 23: Business Overview D2C Petcare
Business Overview The Pet care market in India is booming with: • ~25% Projected Annual Growth • ~32MM pets D2C PETCARE • ~1MM annual adoptions UNDER BRAND Indian Petcare Market “ZIGLY” Pet penetration in developed markets like US & UK is more then 68% and growing. 12000 Rs 12500 Cr 10000 8000 6000
Slide 24: Zigly - Business Model
Key Tractions Zigly - Business Model 44 Cr GMV (FY’24) Retail outlets Own Service Other 39K + E-commerce Marketplace Marketplace Customers served with website and 6k+ Zigly Pro members App One Stop solution retail Private label outlets offering available on 6200+ Acting as an Amazon SKUs available a
Slide 25: Plan for Petcare Vertical “Zigly”
Plan for Petcare Vertical “Zigly” India Petcare industry INR 5k crores (25% expected growth rate) Smaller families, rising income levels and limited social lives (especially post Covid-19) No large scale organized players in India offering end to end comprehensive solution Average spending o
Slide 26: Financial Overview & ESG
Cosmo First Financial Overview & ESG
Slide 27: FY23-24 - Performance Snapshot
FY23-24 - Performance Snapshot INR Cr Audited FY 23-24 Audited FY 22-23 Audited FY 21-22 Particulars Standalone Consolidated Standalone Consolidated Standalone Consolidated Net Sales 2391 2587 2742 3063 2824 3038 EBITDA 213 251 396 434 526 620 EBITDA % 9% 10% 14% 14% 19% 20% PBT 43 72 275 304 430 51
Slide 28: Key Financial Snapshot
Key Financial Snapshot Net debt/EBITDA 2.2 times and net debt to equity at 0.4 times – Mar’24 Rewards (Dividend/Buyback) (% to PAT) 800 727 Net Debt (INR Cr) 80% 69% 63% 700 584 561 60% 600 40% 30% 500 438 434 20% 22% 24% 22% 20% 20% 17% 400 20% 303 300 0% Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 M
Slide 29: Shareholding Pattern – June 2024
Shareholding Pattern –June 2024 1.33 Top Non-Promoter Shareholding – 30th June 2024 Promoter and Promoter Group 1 Minaxi Bhalchandra Trivedi 1.24% Institutional 45.04 2 Tejas Balchandra Trivedi 1.00% 49.70 Non Institutional 3 Shivani Tejas Trivedi 0.97% Cosmo Films ESOP 2015 4 Dipesh Bhalchandra Tri
Slide 30: ESG & Sustainability Initiatives - CareEdge “Good” ESG Rating
ESG & Sustainability Initiatives - CareEdge “Good” ESG Rating Product Practices Manufacturing Practices Offering mono-material for ease of recycling. Recycling of manufacturing waste for further film Production (about Designed heat resistant BOPP films replacing 95%) BOPET; giving push to creation
Slide 31: Board of Directors
Board of Directors Mr. H N Sinor Mr. Ashok Jaipuria Independent Director Chairman & Managing Director Over 4 decades experience in public as well as private sector banks A first generation entrepreneur with over forty years like UBI, Central Bank of India and ICICI Bank. of experience in the corpora
Slide 32: Leadership Team
Leadership Team Mr. Kulbhushan Malik Business Head- Cosmo Films Over 24 years of experience in the areas of Business & Strategy Management, Sales and Financial management. Mr. Pankaj Poddar Group Chief Executive Officer Over 27 years of experience in Mr. Sanjay Chincholikar finance, advisory and var
Slide 33: ESG Snapshot
ESG Snapshot Environmental Social 6 Cr FY24 7,00,000+ 15% Governance 70% 6
Slide 34: CSR Milestones
CSR Milestones dens Education _ Sanitation Environment & Plantation 43 40 ove 200 a 100k+ 24 46 1 Th scncom ns Health and Community Publication of Covid Engagement Educational Resources 170000 31104 7 tune = oS mee — —— Ata Conversation 008 : 5 peas Bo Ei Www.cosmofirst.com Our Businesses: GFSOSMOFI
Slide 35: Awards and Accolades
Awards and Accolades FY 2023-24 • Grabbed the IFCA Star Awards 2023 in the innovative category for “Super Barrier BOPP Film” and “High Puncture Resistant BOPP Film” FY 2022-23 • Featured as one of the Top 10 Companies from India in Forbes Asia Best under A Billion 2022 list • Ranked as one of India’
Slide 36: Thank You
Thank You For more information, please contact: Cosmo First Ltd. Mr. Neeraj Jain Group Chief Financial Officer Email ID: neeraj.jain@cosmofirst.com; Mr. Shivang Goel Investor Relations Email ID: shivang.goel@cosmofilms.com