Slide 1: Filing letter to BSE and NSE: investor notes for Q3 FY23
7 February 2023 -- -- •epl rau/ LEADING THE PACK ,., tjirfl[!{l/l , 1 Corporate Service Department The Listing Department l "' 1 BSE Limited National Stock Exchange of India Ltd I / 25 th Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, I / Dalal Street, Mumbai 400001 Bandra-
Slide 2: EPL Limited Q3 FY23 Earnings Presentation
EPL LIMITED (Formerly known as Essel Propack Limited) Q3 FY23 Earnings Presentation 1
Slide 3: Safe Harbour
EPL Limited Q3FY23 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 actual results
Slide 4: Key topics
EPL Limited Q3FY23 Earnings Presentation Key topics • Q3 FY23 Highlights and Financial Performance [Quarterly financial performance in the following slides is based on company performance excluding Brazil operations to make it comparable. Brazil greenfield investment is for future business growth. F
Slide 5: Q3 FY23 Highlights – EBITDA margin recovery YoY and on sequential basis
EPL Limited Q3FY23 Earnings Presentation Q3 FY23 Highlights – EBITDA margin recovery YoY and on sequential basis Strong double digit revenue growth excluding EAP at 12.1% (12.7% at constant currency). 1 Overall Revenue growth of 7% (7.8% at constant currency) EBITDA margin increased to 16.6% (sequen
Slide 6: Q3 FY23 Consolidated Financial Highlights
EPL Limited Q3FY23 Earnings Presentation Q3 FY23 Consolidated Financial Highlights (INR million) Revenue from Operations EBITDA1 and EBITDA Margins EBIT and EBIT Margins 9,449 15.7% 16.6% 8.4% 9.2% 8,834 7.0% 1,570 873 1,387 745 17.2% 13.2% Excl EAP 12.1% Q3FY22 Q3FY23 Q3FY22 Q3FY23 Q3FY22 Q3FY23 PA
Slide 7: EPL – Capital Efficient, Sustainable Revenue Growth
EPL Limited Q3FY23 Earnings Presentation EPL – Capital Efficient, Sustainable Revenue Growth (INR million) Q3FY22 Q3FY23 Growth Revenue 8,834 9,449 Revenue growth 7.0% excluding EAP at 12.1% Growth1 Adjusted EBITDA 1489 1636 9.9% Adjusted EPS (INR) 2.09 2.42 15.6% As of Dec 21 As of Dec 22 ROCE2 18.
Slide 8: Costs and Comprehensive Margin Improvement Plan
EPL Limited Q3FY23 Earnings Presentation • Q3 FY23 Highlights and Financial Performance • Costs and Comprehensive Margin Improvement Plan • Progress on Sustainability • Looking Ahead • Appendix 7 7
Slide 9: Input material prices still higher than pre-pandemic level; decline seen from Q2 FY23
EPL Limited Q3FY23 Earnings Presentation Input material prices still higher than pre-pandemic level; decline seen from Q2 FY23 Source – LME and SHFE Index Source – ICIS M LLDPE and HDPE Index CBIC Exchange rate CBIC Exchange rate Polymer and foil prices still higher than pre-pandemic level in doll
Slide 10: Comprehensive plan in place to control and recover costs
EPL Limited Q3FY23 Earnings Presentation Comprehensive plan in place to control and recover costs 1 Consistent efforts on inflation-led price Increases Continuous price increase efforts for non contracted customers; Contractual pass-through as per 3-month lag Good progress on additional price in
Slide 11: 'Personal Care & beyond' category contribution stood at 47% YTD FY23
EPL Limited Q3FY23 Earnings Presentation ‘Personal Care & beyond’* category contribution stood at 47% YTD FY23 ‘Personal Care & beyond’* contribution to Tube Revenue 46% 47% 45% 46% 43% 41% FY18 FY19 FY20 FY21 FY22 YTDFY23* ‘Personal Care & beyond’* revenue growth higher than Oral Care * ‘Personal C
Slide 12: 'Personal Care & beyond' category has grown at a 15.3% CAGR
EPL Limited Q3FY23 Earnings Presentation ‘Personal Care & beyond’* category has grown at a 15.3% CAGR over the last 12 years and continues to be the major growth driver for EPL in FY23 ‘Personal Care & beyond’* Revenue (INR million) Growth 12.9% Y-o-Y 11,869 12,852 14,291 11,206 8,254 2,980 Sub-cate
Slide 13: Established Global Leadership in Oral Care
EPL Limited Q3FY23 Earnings Presentation 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) Growth 7.1% Y-o-Y 16,720 13,435 12,748 13,809 15,170 9,203 11,764 5,823 FY11 FY13 FY15 FY17 FY20 FY21
Slide 14: Sustained momentum on new business wins through innovation and sustainable offerings
EPL Limited Q3FY23 Earnings Presentation Sustained momentum on new business wins through innovation and sustainable offerings Venturing into Laminate Strengthening Design Disruption Awards new categories Conversion Sustainability - and businesses Platina Raptakos Brett – Zytee – Aluminium P&G China
Slide 15: Brazil Update
EPL Limited Q3FY23 Earnings Presentation Brazil Update • Brazil project progressing well • Customer trials underway 14 14
Slide 16: Progress on Sustainability
EPL Limited Q3FY23 Earnings Presentation • Q3 FY23 Highlights and Financial Performance • Costs and Comprehensive Margin Improvement Plan • Progress on Sustainability • Looking Ahead • Appendix 15 15
Slide 17: Sustainability: Leading the Pack
EPL Limited Q3FY23 Earnings Presentation Sustainability : “Leading the Pack” Product Sustainability Process Sustainability Emergence of Platina as a benchmark for CDP A- rating (Leadership band) on climate Sustainable Solutions and a market success across change over B last year, best amongst th
Slide 18: People Sustainability: Corporate Social Responsibility
EPL Limited Q3FY23 Earnings Presentation People Sustainability: 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 works are undertaken as part of People Sustainability, and all actions
Slide 19: Looking Ahead
EPL Limited Q3FY23 Earnings Presentation • Q3 FY23 Highlights and Financial Performance • Costs and Comprehensive Margin Improvement Plan • Progress on Sustainability • Looking Ahead • Appendix 18 18
Slide 20: Looking Ahead: Double digit revenue growth with margin recovery
EPL Limited Q3FY23 Earnings Presentation Looking Ahead: Double digit revenue growth with margin recovery 1 Deliver double-digit revenue growth as China recovers 2 Continued focus on (i) margin improvement through mix and cost efficiency and (ii) efficient capital allocation 3 Price increase actions
Slide 21: Our 4X4 Mantra for Growth
EPL Limited Q3FY23 Earnings Presentation Our 4X4 Mantra for Growth Purpose: To be the most sustainable packaging company in the world Where we will win (4Cs) How we will win (4 Enablers) Product Sustainability: Offer the most Process and People Sustainability: Be the sustainable packaging solutions
Slide 22: Appendix
EPL Limited Q3FY23 Earnings Presentation • Q3 FY23 Highlights and Financial Performance • Costs and Comprehensive Margin Improvement Plan • Progress on Sustainability • Looking Ahead • Appendix 21 21
Slide 23: Q3 FY23: Adjusted EBITDA
EPL Limited Q3FY23 Earnings Presentation Q3 FY23: Adjusted EBITDA (INR million) Adjustments EBITDA PAT1 Reported Q3FY23 numbers 1,570 639 • TSA2 related expenses +40 +30 • One time acquisition/ merger/ FX / patent related costs +3 +73 • ESOP related cost +23 +23 Adjusted Q3FY23 numbers 1,636 765 Rep
Slide 24: Q3 FY23 Performance – AMESA and EAP
EPL Limited Q3FY23 Earnings Presentation Q3 FY23 Performance – AMESA and EAP (INR million) AMESA Particulars Q3FY23 Q3FY22 % change Revenue 3,521 3,225 9.2% EBITDA 731 701 4.3% EBITDA % 20.8% 21.7% EBIT 464 448 3.6% EBIT % 13.2% 13.9% EAP Particulars Q3FY23 Q3FY22 % change Revenue 2,262 2,459 -8.0%
Slide 25: Q3 FY23 Performance – Americas and Europe
EPL Limited Q3FY23 Earnings Presentation Q3 FY23 Performance – Americas and Europe (INR million) Americas Particulars Q3FY23 Q3FY22 % change Revenue 2,260 1,899 19.0% EBITDA 274 175 56.8% EBITDA % 12.1% 9.2% EBIT 117 56 108.9% EBIT % 5.2% 2.9% Europe Particulars Q3FY23 Q3FY22 % change Revenue 1,911
Slide 26: Q3 FY23 Consolidated Financial Highlights Including Brazil
EPL Limited Q3FY23 Earnings Presentation Q3 FY23 Consolidated Financial Highlights Including Brazil (INR million) Revenue from Operations EBITDA1 and EBITDA Margins EBIT and EBIT Margins 9,449 15.7% 16.6% 8.4% 9.2% 8,834 7.0% 1,566 867 1,387 745 12.9% 16.4% Excl EAP 12.1% Q3FY22 Q3FY23 Q3FY22 Q3FY23
Slide 27: About EPL
EPL Limited Q3FY23 Earnings Presentation About EPL (Formerly known as Essel Propack Limited) 26 26
Slide 28: EPL: Company Overview
EPL Limited Q3FY23 Earnings Presentation EPL: Company Overview Largest laminated Global Leader in Growing Strong tubes Oral Care emergence in relationships with manufacturer ‘Personal Care & marquee FMCG beyond’* customers ~8 bn Tubes #1 Globally 20+ years 46% contribution Global Footprint Strong In
Slide 29: EPL Caters to Marquee Customers Across Trillion Dollar Categories
EPL Limited Q3FY23 Earnings Presentation EPL Caters to Marquee Customers Across Trillion Dollar Categories Tube revenue split (YTD FY23) ‘Personal Care & Others, beyond’*, 47% 4% Pharma, 9% Beauty & Cosmetics, Oral 34% Care, 53% 28 28 28 * ‘Personal Care and beyond’ includes Beauty & Cosmetics, Phar
Slide 30: About EPL
EPL Limited Q3FY23 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 nine countries through 20
Slide 31: Thank you
Thank you /esselofficial /company/essel-propack-limited /essel_propack EPL LIMITED (Formerly known as Essel Propack Limited) Top Floor, Times Tower, Kamala City Senapati Bapat Marg, Lower Parel Mumbai - 400 013, India 30