Upl Limited · NSE:UPL
Upl — Debt Investor Presentation (October 2022)
18 slides from Upl's debt investor presentation, October 2022
Slide 1: Consent Solicitation for outstanding US$ Securities
Consent Solicitation for outstanding US$ Securities Investor Presentation: October 2022
Slide 2: Disclaimer
Disclaimer The Senior Notes Consent Solicitation Memorandum and the Perpetual Securities Consent Solicitation Memorandum contain important information that should be read carefully before any decision is made with respect to the Consent Solicitations in respect of each series of Notes and the Securi
Slide 3: Agenda
Agenda 1 Restructuring 2 Transaction Overview 3
Slide 4: Corporate Realignment Rationale – Unleashing Growth Potential and Unlocking Value
Corporate Realignment Rationale – Unleashing Growth Potential and Unlocking Value Create Distinct Pure-play Platforms to unleash growth potential of each independent platform led by specialized talent and combined with efficient deployment of resources Unlocking Value by facilitating ‘fair value rec
Slide 5: New Company Structure - Distinct Pureplay Growth Platforms
New Company Structure - Distinct Pureplay Growth Platforms UPL Limited KKR ADIA, (Current Equity Value: ~INR 50,800 Cr6) Brookfield and TPG Manufacturing & Specialty Chemicals Platform US$ 300 Mn5 (INR 2,460 Cr) 13.33% INR 1,580 Cr5 9.09% (US$ 200 Mn) 100% 4 86.67% Advanta Enterprises 90.91% UPL SAS
Slide 6: India's Largest Integrated Agtech Platform
1 India’s Largest Integrated Agtech Platform India Agtech Platform (UPL SAS) Transaction Overview Final Structure post Realignment • UPL Sustainable Agriculture Solutions (UPL SAS) to house ‘India Agtech ADIA,TPG and Platform’ comprising of ‘India Crop Protection, SWAL, AFS and Nurture’ UPL Limited
Slide 7: Pure Play Crop Protection & BioSolutions Platform
2 Pure Play Crop Protection & BioSolutions Platform Global Crop Protection Platform (ex-India) - UPL Limited, Cayman Final Structure post Realignment Key Financial Highlights – FY22 UPL Limited Particulars UPL Cayman 100% Revenue US$ 5,118 Mn UPL Corporation Ltd. EBITDA US$ 1,009 Mn 77.8% 22.2% 100%
Slide 8: Advanta Enterprises – Pure Play Seeds Platform
3 Advanta Enterprises – Pure Play Seeds Platform Global Seeds Platform Transaction Overview Final Structure post Realignment • A new company ‘Advanta Enterprises Ltd’ incorporated in India UPL Limited as wholly-owned subsidiary of UPL Limited, to house the India and International Seeds Business to c
Slide 9: Integrated Manufacturing and Fast-Growing Specialty Chemicals Platform
4 Integrated Manufacturing and Fast-Growing Specialty Chemicals Platform Manufacturing and Specialty Chemicals Platform - UPL Limited Key Financial Highlights – FY22 INR Crore Realignment Overview • The India Manufacturing Operations and the Global Specialty Chemicals business Manufacturing and Spec
Slide 10: Timeline and Approvals
Timeline and Approvals The ‘Corporate Realignment’ was announced on 21 st October, 2022 and is ‘envisaged to complete over the course of next 45-90 days’, subject to customary closing conditions and required approvals (shareholder, regulatory and lender approvals) 10
Slide 11: Proforma Consolidated Financials of UPL - Post Realignment
Proforma Consolidated Financials of UPL - Post Realignment Prior to Realignment Post Realignment All Figures are in INR crore for FY22 Proforma Financials, All Figures are in INR crore for FY22 UPL Ltd UPL Ltd UPL SAS (India Advanta UPL Cayman Ltd. Other Global Key metrics Key metrics (Manufacturing
Slide 12: Change in Structure Post Corporate Realignment
Change in Structure Post Corporate Realignment Pre-realignment Post-realignment UPL Limited (Global Crop Protection Chemicals, UPL Limited (Manufacturing ADIA, Brookfield Seeds, Specialty Chemicals and Manufacturing) KKR and Specialty Chemicals) and TPG Equity Value: ~INR 50,800 Cr6 Equity Value: ~I
Slide 13: Agenda
Agenda 1 Restructuring 2 Transaction Overview 13
Slide 14: Summary of consents needed for the proposed restructuring
Summary of consents needed for the proposed restructuring Perpetual Realignment Overview 2028 Notes 2030 Notes Notes • UPL Sustainable Agriculture Solutions (UPL SAS) to house ‘India Agtech Platform’ comprising of ‘India 1 Crop Protection, SWAL, AFS and Nurture’ No No No • Global Crop Protection bus
Slide 15: Ratings agencies have affirmed the current ratings of UPL Corporation Ltd.
Ratings agencies have affirmed the current ratings of UPL Corporation Ltd. post announcement of restructuring Baa3/Stable BB+/Stable BBB-/Negative October 21, 2022 October 24, 2022 October 24, 2022 “The reorganization is credit positive “UPL Corp. Ltd. should be able to slightly “The rating affirmat
Slide 16: Transaction overview
Transaction overview US$300mm 4.500% due 2028 (ISIN: XS1789391148) (“2028s”) Target Notes (“Notes”) US$500mm 4.625% due 2030 (ISIN: XS2189565992) (“2030s”) US$400mm 5.250% Perpetuals (ISIN: XS2125139464) (“Perpetuals”) Issuer UPL Corporation Limited (“Company”) Format of Target Notes Regulation S on
Slide 17: Key dates and contacts
Key dates and contacts Key dates Date Event October 26, 2022 Launch Date 4:00 pm (London time), November 07, 2022 (10 days) Early Voting Deadline 4:00 pm (London time), November 14, 2022 Expiration Time November 15, 2022 Announce final results of Consent Solicitation and if Electronic Consents are p
Slide 18: Thank you!
Thank you! UPL eX