Slide 1: Exchange filing cover letter: Investor Presentation
May 28, 2024 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C/1, Block G, Dalal Street, Mumbai - 400001 Bandra-Kurla Complex, Bandra (E), Mumbai - 400051 Scrip Code: 500135 Trading Symbol: EPL Sub. : Investor Presentation - EPL Limited (“Company”) Ref
Slide 2: EPL Limited Q4FY24 Earnings Presentation
EPL LIMITED (Formerly known as Essel Propack Limited) Q4FY24 Earnings Presentation 1 1
Slide 3: Safe Harbour
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 actual results to differ materially from those in such f
Slide 4: Key topics
Key topics • Q4FY24 Highlights and Financial Performance Quarterly financial performance in the following slides is based on company performance including Brazil operations. • Update on Key Initiatives • Growth Drivers • Sustainability: Product, Process, People • Awards and Recognition • Looking Ahe
Slide 5: Q4FY24 Highlights – EBITDA continues to grow at solid 16.5%
Q4FY24 Highlights – EBITDA continues to grow at solid 16.5% 1 Revenue growth at 6.2%; Robust underlying business growth partially offset by negative pricing impact Strong EBITDA margin at 18.5% (+164bps YoY). EBITDA grew by 16.5% vs PY (6th straight quarter of strong double digit 2 growth). Margin s
Slide 6: Q4FY24 Consolidated Financial Highlights
Q4FY24 Consolidated Financial Highlights (INR million) Revenue from Operations EBITDA and EBITDA Margins EBIT and EBIT Margins 10,292 16.9% 18.5% 8.8% 10.3% 9,693 1,059 6.2% 1,639 1,909 849 16.5% 24.7% Q4FY23 Q4FY24 Q4FY23 Q4FY24 Q4FY23 Q4FY24 PAT and EPS (adjusted) 1 Net Debt and Net Debt/ LTM EBIT
Slide 7: EPL – Capital Efficient, Sustainable Revenue and EBITDA Growth
EPL – Capital Efficient, Sustainable Revenue and EBITDA Growth (INR million) Q4FY23 Q4FY24 Growth Revenue 9,693 10,292 6.2% Growth EBITDA 1,639 1,909 16.5% EPS (excl. Exceptional items) 1 (INR) 2.14 2.60 21.5% As of Mar 23 As of Mar 24 ROCE 13.2% 14.7% Capital Efficiency Net Debt 5,063 6,026 FY23 FY
Slide 8: FY24 Consolidated Financial Highlights
FY24 Consolidated Financial Highlights (INR million) Revenue from Operations EBITDA and EBITDA Margins EBIT and EBIT Margins 39,161 8.6% 16.2% 18.2% 9.7% 36,941 3,815 6.0% 3,186 5,991 7,143 19.2% 19.7% FY23 FY24 FY23 FY24 FY23 FY24 PAT and EPS (adjusted) (INR)1 Net Debt and Net Debt/ LTM EBITDA ROCE
Slide 9: EPL – Capital Efficient, Sustainable Revenue and EBITDA Growth
EPL – Capital Efficient, Sustainable Revenue and EBITDA Growth (INR million) FY23 FY24 Growth Revenue 36,941 39,161 6.0% Growth EBITDA 7,143 19.2% 5,991 EPS (excl. Exceptional 27.9% items) (INR) 6.17 7.89 As of Mar 23 As of Mar 24 ROCE 13.2% 14.7% Capital Efficiency Net Debt 5,063 6,026 FY23 FY24 Ca
Slide 10: Adjusted PAT walk - Exceptional items and one offs
Adjusted PAT walk - Exceptional ítems and one offs (INR million) Adjustments Q4FY23 Q4FY24 Growth FY23 FY24 Growth Reported PAT 843 223 -73.5% 2,267 2,132 -6.0% • Exceptional forex loss in Egypt on - +465 - +465 devaluation of currency • Europe restructuring cost - +140 - +140 • Translation loss on
Slide 11: Solid margin Recovery in FY24; Q4FY24 EBITDA margin higher by 1.6pp
Solid margin Recovery in FY24; Q4FY24 EBITDA margin higher by 1.6pp vs Q4FY23 EBITDA: 5991Mn EBITDA: 7143Mn 20.0% 2,500 Margin: 16.2% Margin: 18.2% 19.0% 1,834 1,909 1,810 2,000 1,566 1,639 1,590 18.0% 1,530 18.8% 18.5% 1,500 1,256 17.0% 18.1% 17.5% 1,000 16.9% 16.0% 16.6% 16.1% 500 15.0% 15.1% 14.0
Slide 12: Key topics
Key topics • Q4FY24 Highlights and Financial Performance Quarterly financial performance in the following slides is based on company performance including Brazil operations. • Update on Key Initiatives • Growth Drivers • Sustainability: Product, Process, People • Awards and Recognition • Looking Ahe
Slide 13: Update on Growth Drivers
Update on Growth Drivers 1 Continued emphasis on Beauty & Cosmetic category, actively pursuing smaller customers. Most of the increased sales headcounts in place. 2 Progressing on flexibility measures for smaller quantities across 3 regions: EAP ready, AMESA and Europe in process. 3 Brazil lead cust
Slide 14: 'Personal Care & beyond' category contribution stood at 47% in FY24
‘Personal Care & beyond’* category contribution stood at 47% in FY24 ‘Personal Care & beyond’* contribution to Tube Revenue 47% 47% 45% 46% 46% 43% 41% FY18 FY19 FY20 FY21 FY22 FY23 FY24 ‘Personal Care & beyond’* revenue growth higher than Oral Care * ‘Personal Care and beyond’ includes Beauty & Cos
Slide 15: Sustained momentum on new business wins through innovation and sustainable offerings
Sustained momentum on new business wins through innovation and sustainable offerings New Innovations Strengthening Sustainability Conversion to Tubes SHEGLAM Body Long nozzle tube with inbuilt Highlighter Glitter Gel “Fresh lock” valve to prevent Sunsilk Scrub converted from extruded tubes to air su
Slide 16: Sustained momentum on new business wins through venturing into new markets
Sustained momentum on new business wins through venturing into new markets DTR Australia CP Thailand Unilever Myanmar EPL Limited Q4FY24 Earnings Presentation Pharma Products- Taiwan 15
Slide 17: Sustainability: Scaling Up Recyclable Volumes with Continuous Improvement
Sustainability: Scaling Up Recyclable Volumes with Continuous Improvement Product Sustainability Process Sustainability Platina set as a benchmark for sustainable solutions, EPL achieved Green rating ( Positive progress) on Ellen achieving market success across all categories with MacArthur Foun
Slide 18: People Sustainability: Embracing Corporate Social Responsibility
People Sustainability: Embracing Corporate Social Responsibility Our CSR vision is in alignment with the overall EPL ambition of becoming the most sustainable packaging company in the world. All CSR actions are a step further towards “Greening Lives” by enabling its employees, customers, communities
Slide 19: Key topics
Key topics • Q4FY24 Highlights and Financial Performance Quarterly financial performance in the following slides is based on company performance including Brazil operations. • Update on Key Initiatives • Growth Drivers • Sustainability: Product, Process, People • Awards and Recognition • Looking Ahe
Slide 20: Awards: Celebrating Excellence in Innovation, People Practices, and CSR
Awards: Celebrating Excellence in Innovation, People Practices, and Corporate Social Responsibility Best employers in India by Kincentric for 2023 Tubes innovation awards at SIES SOP Star Best CSR Practices by World HRD Congress 19 EPL Limited Q4FY24 Earnings Presentation 19
Slide 21: Key topics
Key topics • Q4FY24 Highlights and Financial Performance Quarterly financial performance in the following slides is based on company performance including Brazil operations. • Update on Key Initiatives • Growth Drivers • Sustainability: Product, Process, People • Awards and Recognition • Looking Ahe
Slide 22: Looking Ahead: Achieving double digit growth with 20%+ margins
Looking Ahead: Achieving double digit growth with 20%+ margins Sustained Double Digit Sustainability led Continued Margin Expansion Revenue Growth Competitive Advantage to deliver 20%+ EBITDA In Short term • Strong Product portfolio with • Strategic Price Management • Revenue Growth to be impacted b
Slide 23: Key topics
Key topics • Q4FY24 Highlights and Financial Performance Quarterly financial performance in the following slides is based on company performance including Brazil operations. • Update on Key Initiatives • Growth Drivers • Sustainability: Product, Process, People • Awards and Recognition • Looking Ahe
Slide 24: Q4FY24 Performance – AMESA and EAP
Q4FY24 Performance – AMESA and EAP (INR million) AMESA Particulars Q4FY23 Q4FY24 % change Q3FY24 % change Revenue 3,379 3,536 4.6% 3,500 1.0% • India Standalone revenue growth at 5.9% EBITDA 756 703 -7.0% 693 1.4% • EBITDA Margin at 17.7% (-301 EBITDA % 22.4% 19.9% 19.8% bps YoY) • EBITDA decline by
Slide 25: Q4FY24 Performance – Americas and Europe
Q4FY24 Performance – Americas and Europe (INR million) Americas Particulars Q4FY23 Q4FY24 % change Q3FY24 % change Revenue 2,299 2,664 15.9% 2,528 5.4% EBITDA 223 478 114.3% 409 16.9% EBITDA % 9.7% 17.9% 16.2% EBIT 59 240 306.8% 175 37.1% EBIT % 2.6% 9.0% 6.9% Europe Particulars Q4FY23 Q4FY24 % chan
Slide 26: FY24 Performance – AMESA and EAP
FY24 Performance – AMESA and EAP (INR million) AMESA Particulars FY23 FY24 % change Revenue 13,691 14,185 3.6% • India Standalone revenue growth at 5.9% EBITDA 2,576 2,827 9.7% • EBITDA Margin at EBITDA % 18.8% 19.9% 19.3%(+184 bps YoY) • EBITDA grew by 17.1% vs PY EBIT 1,469 1,617 10.1% • EBIT grew
Slide 27: FY24 Performance – Americas and Europe
FY24 Performance – Americas and Europe (INR million) Americas Particulars FY23 FY24 % change Revenue 8,758 9,889 12.9% EBITDA 987 1,409 42.8% EBITDA % 11.3% 14.2% EBIT 379 530 39.8% EBIT % 4.3% 5.4% Europe Particulars FY23 FY24 % change Revenue 8,435 8,927 5.8% EBITDA 765 924 20.7% EBITDA % 9.1% 10.
Slide 28: Polymer prices comparatively stable in last 2 quarters, aluminum foil marginal change
Polymer prices comparatively stable in last 2 quarters, aluminum foil witnesses a marginal change Polymer INR/kg Aluminium Foil INR/kg 160 290 140 240 120 190 100 80 140 60 90 40 40 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY21
Slide 29: Egyptian Pound experiences sharp devaluation against USD in Mar'24
Egyptian Pound experiences sharp devaluation against USD in Mar’24 Currency devaluation by 60% EPL Limited Q4FY24 Earnings Presentation 28
Slide 30: About EPL
About EPL (Formerly known as Essel Propack Limited) 29 EPL Limited Q4FY24 Earnings Presentation 29
Slide 31: EPL: Company Overview
EPL: Company Overview Oral Beauty & Cosmetics Pharma Home Industrial 11 5 Countries with Categories Served* 21 operational presence 3500+ State of the Art Employees Manufacturing Facilities Globally Germany 8bn+ USA Poland 25 Tubes Supplied Nationalities Annually UK* Represented Europe AMESA 21% of
Slide 32: EPL Caters to Marquee Customers Across Trillion Dollar Categories
EPL Caters to Marquee Customers Across Trillion Dollar Categories Tube revenue split (FY24) Others, Pharma 4% , 10% Beauty & Oral Cosmetics, Care, 34% 53% ‘Personal Care & beyond’*, 47% * ‘Personal Care and beyond’ includes Beauty & Cosmetics, Pharma etc 31 EPL Limited Q4FY24 Earnings Presentation 3
Slide 33: About EPL
About EPL EPL is the largest global specialty packaging company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space. Employing over 3,500+ people representing over 25 different nationalities, EPL functions in eleven countries through 21 state of the art facilities, and is co
Slide 34: Thank You
Thank You Corporate Office EPL LIMITED @Epl_limited Top Floor, Times Tower, Kamala City, Senapati Bapat Marg, Lower Parel, epl-limited Mumbai – 400 013, Maharashtra, India. Telephone: 022 24819000 epl_limited Website: https://www.eplglobal.com CIN:L7495MH1982PLC028947 33