Slide 1: Exchange filing cover letter
Corporate O ff : Plot No.31, Institutional Area, Sec.-44, Gurgaon, Haryana-122002 (India) Ph.: +91-124-4643100-500 • Fax: +91-124-4643303/04 E-mail : info@rjcorp.in • Visit us a t : www.varunpepsi.com CIN No. : L74899DL1995PLC069839 August 2, 2021 To, National Stock Exchange of India Ltd. BSE Limite
Slide 2: Q2&H1 CY2021 Results Presentation
August 02, 2021 (a PepsiCo franchisee) Varun Beverages Limited Q2&H1 CY2021 Results Presentation
Slide 3: Disclaimer
Disclaimer (a PepsiCo franchisee) This communication contains certain forward-looking statements relating to the business, financial performance, strategy and results of Varun Beverages Limited (“VBL” or the “Company”) and/ or the industry in which it operates. Such forward-looking statements involv
Slide 4: Table of Content
Table of Content (a PepsiCo franchisee) 1 Company Overview 2 Chairman’s Message 3 Q2&H1 CY2021 Results Overview 4 Sustainability Initiatives 5 Performance Highlights 3
Slide 5: Company Snapshot
Company Snapshot (a PepsiCo franchisee) Key player in the beverage industry Operations spanning across 6 countries – 3 in the Indian Subcontinent (India, Sri Lanka, Nepal) contribute ~81% to revenues; 3 in Africa (Morocco, Zambia, Zimbabwe) contribute ~19% for fiscal year 2020 Over 29 years st
Slide 6: Brands licensed to VBL
Brands licensed to VBL (a PepsiCo franchisee) Brands licensed by PepsiCo: Dairy Based Drinks * Carbonated Soft Drinks Mango Shake Carbonated Juice Based Drinks Energy Drink Club Soda Ice Tea Cold Coffee Fruit Pulp / Juice Based Drinks Sports Drink Packaged Water Belgian Choco Shake * Note: “CreamBel
Slide 7: Symbiotic Relationship with PepsiCo
Symbiotic Relationship with PepsiCo (a PepsiCo franchisee) VBL – Demand Delivery PepsiCo – Demand Creation 29 yrs + Production Facilities Association Trademarks Sales & Distribution – GTM & Logistics Formulation through Concentrate In-outlet Management – Visi-Coolers Product & Packaging
Slide 8: Business Model – End-to-end execution across value chain
Key Player in the Beverage Industry – Business Model (a PepsiCo franchisee) VBL- END-TO-END EXECUTION ACROSS VALUE CHAIN MANUFACTURING Concentrate Other Raw (PepsiCo) Materials Bottling 37 state-of-the-art production facilities SOLID INRASTRUCTURE 90+ depots DISTRUBUTION & WAREHOUSING 2,500+ o
Slide 9: Chairman's Message
Chairman’s Message (a PepsiCo franchisee) Commenting on the performance for Q2&H1 CY2021, Mr. Ravi Jaipuria, Chairman – Varun Beverages Limited said, “We have delivered an encouraging set of results during the quarter, despite a soft operating environment due to pandemic-induced lockdowns and restri
Slide 10: Key Developments
Key Developments (a PepsiCo franchisee) COVID-19 Second Wave Impact: • The resurgence of Covid 19 pandemic caused significant disturbance and led to slowdown in economic activity and business operations of the Company in the month of May. As covid cases declined the business operations of the Compan
Slide 11: Performance Highlights (Q2&H1 CY 2021 and CY 2020)
Performance Highlights (Q2&H1 CY 2021 and CY 2020) (a PepsiCo franchisee) Net Sales 41.4% EBITDA 46.8% PAT 124.4% 4,556 46,907 9,524 49.4% 51.1% 123.0% Rs. million Rs. million Rs. million 33,166 5,708 3,188 6,489 24,498 3,777 2,030 16,402 1,430 19.6% 20.3% 23.0% 23.3% Q2 2020 Q2 2021 H1 2020 H1 2021
Slide 12: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement (a PepsiCo franchisee) Particulars (Rs. million) Q2 2021 Q2 2020 YoY(%) H1 2021 H1 2020 YoY (%) 1. Income (a) Revenue from operations 24,830.44 16,656.90 49.1% 47,529.21 33,649.38 41.2% (b) Excise Duty 331.99 255.07 30.2% 621.84 483.21 28.7% Net Revenues 24,498.4
Slide 13: Consolidated Balance Sheet
Consolidated Balance Sheet (a PepsiCo franchisee) Particulars (Rs. million) 30-Jun-21 31-Dec-20 30-Jun-20 Particulars (Rs. million) 30-Jun-21 31-Dec-20 30-Jun-20 Equity and liabilities To be updated Assets Equity Non-current assets (a) Equity share capital 4,330.33 2,886.89 2,886.89 (a) Property, pl
Slide 14: Discussion on Financial & Operational Performance
Discussion on Financial & Operational Performance (a PepsiCo franchisee) Net Revenues / Sales Volumes • Total sales volume increased by 45.4% YoY to 152.3 million cases in Q2 CY2021 as compared to 104.8 million cases in Q2 CY2020, led by strong growth in the month of Apr’21 compared to low base of p
Slide 15: Discussion on Financial & Operational Performance
Discussion on Financial & Operational Performance (a PepsiCo franchisee) Debt / Credit Rating • Net debt stood at Rs. 25,492 million as on June 30, 2021 as against Rs. 30,158 million as on December 31, 2020. Debt : Equity ratio stood at 0.63x as on June 30, 2021 and Debt : EBITDA ratio stood at 1.69
Slide 16: Sustainability Initiatives – PET Recycling
Sustainability Initiatives – PET Recycling (a PepsiCo franchisee) VBL consumed ~ 66,000 MT PET for its finished product in CY20. These are high quality food grade virgin PET/HDPE chips which can be easily recycled to make various products for diverse industries and end uses. VBL has engaged with GEM
Slide 17: Sustainability Initiatives – VBL's Water Positive Balance
Sustainability Initiatives – VBL’s Water Positive Balance (a PepsiCo franchisee) Key findings of the report: VBL engaged TUV India Pvt. Ltd. for company’s water Parameter CY2020 CY2019 footprint assurance. wherein, water mass balance and its (Audited) (Audited) various initiatives towards water cons
Slide 18: Performance Highlights (2016 – H1 2021)
Performance Highlights (2016 – H1 2021) (a PepsiCo franchisee) Revenue PAT PAT Margins 71,296 5,500 15% CAGR (2016-20) – 13.8% 64,501 CAGR (2016-20) – 24.0% 4,722 4,556 13% 4,500 Rs. million Rs. million 51,053 3,573 46,907 2,999 11% 38,520 40,034 3,500 9% 2,141 9.7% 2,500 7% 1,513 5% 1,500 6.6% 5.3%
Slide 19: Conference Call Details
Conference Call Details (a PepsiCo franchisee) Varun Beverages Limited (VBL) Q2&H1 CY 2021 Earnings Conference Call Time • 04:00 pm IST on Aug 2, 2021 Conference dial-in Primary number • +91 22 7194 5709 / +91 22 6629 0018 International Toll Free Number • Hong Kong: 800 964 448 • Singapore: 800 101
Slide 20: About Us
About Us (a PepsiCo franchisee) Varun Beverages Limited (“VBL” or the “Company”) is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world (outside USA). The Company produces and distributes a wide range of carbonated soft drinks (CSDs), as well as a large select
Slide 21: Thank You!
Thank You!