Epl Limited · NSE:EPL
Epl — Q1 FY2024 Earnings Presentation
34 slides from Epl's earnings presentation, Aug 8, 2023
Slide 1: Leading the Pack - Exchange filing cover letter
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Slide 2: EPL Limited Q1FY24 Earnings Presentation
EPL LIMITED (Formerly known as Essel Propack Limited) 1 Q1FY24 Earnings Presentation
Slide 3: Safe Harbour
EPL Limited Q1FY24 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 Q1FY24 Earnings Presentation Key topics • Q1FY24 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. Fin
Slide 5: Q1FY24 Highlights – EBITDA margin improvement continues
EPL Limited Q1FY24 Earnings Presentation Q1FY24 Highlights – EBITDA margin improvement continues in Q1FY24 1 Solid revenue growth at 9.2% 2 Strong EBITDA margin in Q1FY24 at 17.9%1; increase of 282 bps YoY and 69 bps sequentially. EBITDA grew by 29.6% YoY 3 PAT growth of 82.3% YoY 4 Strong cash flow
Slide 6: Q1FY24 Consolidated Financial Highlights
EPL Limited Q1FY24 Earnings Presentation Q1FY24 Consolidated Financial Highlights (INR million) Revenue from Operations EBITDA and EBITDA Margins EBIT and EBIT Margins 9,084 15.1% 17.9% 7.3% 9.4% 8,318 9.2% 1,628 852 1,256 29.6% 604 41.1% Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 PAT1 and EPS (INR)
Slide 7: EPL – Capital Efficient, Sustainable Revenue Growth
EPL Limited Q1FY24 Earnings Presentation EPL – Capital Efficient, Sustainable Revenue Growth (INR million) Q1FY23 Q1FY24 Growth Revenue 8,318 9,084 9.2% Growth1 Adjusted EBITDA 1336 1688 26.4% Adjusted EPS (INR) 1.31 2.13 63.0% As of Mar 23 As of Jun 23 ROCE2 16.2% 15.0% Capital Efficiency Net Debt
Slide 8: Margin recovery continues in Q1FY24
EPL Limited Q1FY24 Earnings Presentation Margin recovery continues in Q1FY24 Revenue and EBITDA YoY growth trajectory 29.6% 23.4% 17.9% Strong EBITDA margin at 17.9% 16.3% 16.6% 17.2% 15.1% 13.2% 9.0% 10.1% 9.2% EBITDA YoY growth of 29.6% 7.0% 4.1% Increase of 282 bps YoY -3.1% Q1 FY23 Q2 FY23
Slide 9: Key topics
EPL Limited Q1FY24 Earnings Presentation • Q4FY23 Highlights and Financial Performance • Performance Improvement Plan • Progress on Sustainability • Looking Ahead • Appendix 8 8
Slide 10: Going for Growth
EPL Limited Q1FY24 Earnings Presentation Going for Growth 1 Brazil ramp up has started. Plan to win additional customers in place 2 Creating flexibility in supply chain to get small volume customers 3 Enhanced segment focus on Beauty & Cosmetic category 4 Launching of neo-seam technology across regi
Slide 11: Polymer prices steadily declined; aluminium foil prices at Q2FY23 level
EPL Limited Q1FY24 Earnings Presentation Polymer prices steadily declined from the peak in Q1FY23 to Q1FY24; aluminium foil prices remained at Q2FY23 level Source – ICIS M LLDPE and HDPE Index Source – LME and SHFE Index CBIC Exchange rate CBIC Exchange rate Polymer and foil USD prices have declin
Slide 12: Comprehensive plan for cost control and margin recovery
EPL Limited Q1FY24 Earnings Presentation Comprehensive plan for cost control and margin recovery 1 Active price management Selective price increases / retentions 2 Mix Improvement Focus on higher-profit segments and value-added offerings led to revenue growth mainly driven by ‘Personal Care & be
Slide 13: 'Personal Care & beyond' category contribution at 49% in Q1FY24
EPL Limited Q1FY24 Earnings Presentation ‘Personal Care & beyond’* category contribution stood at 49% in Q1FY24 ‘Personal Care & beyond’* contribution to Tube Revenue 49% 46% 47% 45% 46% 43% 41% FY18 FY19 FY20 FY21 FY22 FY23 Q1FY24 ‘Personal Care & beyond’* revenue growth higher than Oral Care * ‘Pe
Slide 14: 'Personal Care & beyond' category has grown at a 15% CAGR
EPL Limited Q1FY24 Earnings Presentation ‘Personal Care & beyond’ * category has grown at a 15% CAGR over the last 13 years and continues to be the major growth driver for EPL in FY23 ‘Personal Care & beyond’* Revenue (INR million) 15,947 Growth 11.8% Y-o-Y 11,206 12,852 14,291 8,254 2,980 4,132 Sub
Slide 15: Global Leadership in Oral Care with steady revenue growth
EPL Limited Q1FY24 Earnings Presentation Established Global Leadership in Oral Care with the segment demonstrating steady long- term revenue growth at a CAGR of 10.0% Oral Care Revenue (INR million) Growth 7% 18,300 Y-o-Y 15,170 16,720 11,764 12,748 13,809 9,203 5,823 4,326 FY11 FY13 FY15 FY17 FY20
Slide 16: Sustained momentum on new business wins
EPL Limited Q1FY24 Earnings Presentation Sustained momentum on new business wins through innovation and sustainable offerings Venturing into Lamitube Strengthening Disruption new categories Conversion Sustainability – Platina Australia – Ensign Lab Comvita Toothpaste India – Polo India - water colou
Slide 17: Awards
EPL Limited Q1FY24 Earnings Presentation Awards 2 awards at the 4th Edition of the India ESG Summit & Awards 2023 conceptualized and curated by Transformance! 🏆 🔸 ESG Best Performer of the Year Award - for EPL's 2022 performance on the ESG domain & its external global achievement /ratings on ESG…
Slide 18: Brazil update
EPL Limited Q1FY24 Earnings Presentation Brazil update Ramp up underway 17 17
Slide 19: Key topics
EPL Limited Q1FY24 Earnings Presentation • Q4FY23 Highlights and Financial Performance • Performance Improvement Plan • Progress on Sustainability • Looking Ahead • Appendix 18 18
Slide 20: Sustainability: Plan to double sustainable tubes volume in FY24
EPL Limited Q1FY24 Earnings Presentation Sustainability: Plan to double sustainable tubes volume in FY24 on track Product Sustainability Process Sustainability Emergence of Platina as a benchmark for EPL Limited awarded "Gold Medal" in 2023 Sustainable Solutions and a market success across EcoVa
Slide 21: People Sustainability: Corporate Social Responsibility
EPL Limited Q1FY24 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 22: Key topics
EPL Limited Q1FY24 Earnings Presentation • Q4FY23 Highlights and Financial Performance • Performance Improvement Plan • Progress on Sustainability • Looking Ahead • Appendix 21 21
Slide 23: Looking Ahead
EPL Limited Q1FY24 Earnings Presentation Looking Ahead 1 Continue growth momentum in India and China; some demand softening in western geographies 2 Accelerate Beauty and Cosmetics category by winning small customers 3 Ramp up Brazil volume and expand customer base in Brazil Continued focus on (i) m
Slide 24: Our 4X4 Mantra for Growth
EPL Limited Q1FY24 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 25: Key topics
EPL Limited Q1FY24 Earnings Presentation • Q4FY23 Highlights and Financial Performance • Performance Improvement Plan • Progress on Sustainability • Looking Ahead • Appendix 24 24
Slide 26: Q1FY24: Adjusted EBITDA and PAT
EPL Limited Q1FY24 Earnings Presentation Q1FY24: Adjusted EBITDA and PAT (INR million) Adjustments EBITDA PAT1 Reported Q1FY24 numbers 1,628 629 • TSA2 related expenses +40 +30 • ESOP related cost +20 +20 • One time acquisition/ merger/ FX/ patent related costs 0 0 Adjusted Q1FY24 numbers 1,688 679
Slide 27: Q1FY24 Performance – AMESA and EAP
EPL Limited Q1FY24 Earnings Presentation Q1FY24 Performance – AMESA and EAP (INR million) AMESA Particulars Q1FY24 Q1FY23 % change Revenue 3,358 3,198 5.0% EBITDA 732 634 15.4% EBITDA % 21.8% 19.8% EBIT 420 382 9.9% EBIT % 12.5% 11.9% EAP Particulars Q1FY24 Q1FY23 % change Revenue 2,149 1,928 11.5%
Slide 28: Q1FY24 Performance – Americas and Europe
EPL Limited Q1FY24 Earnings Presentation Q1FY24 Performance – Americas and Europe (INR million) Americas Particulars Q1FY24 Q1FY23 % change Revenue 2,160 1,973 9.5% EBITDA 250 242 3.0% EBITDA % 11.6% 12.3% EBIT 88 108 -18.5% EBIT % 4.1% 5.5% Europe Particulars Q1FY24 Q1FY23 % change Revenue 2,125 1,
Slide 29: Q1FY24 Consolidated Financial Highlights including Brazil
EPL Limited Q1FY24 Earnings Presentation Q1FY24 Consolidated Financial Highlights including Brazil (INR million) Revenue from Operations EBITDA and EBITDA Margins EBIT and EBIT Margins 9,102 15.1% 17.5% 7.3% 8.7% 8,318 9.4% 1,590 790 1,256 26.6% 604 30.8% Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 PA
Slide 30: About EPL
EPL Limited Q1FY24 Earnings Presentation About EPL (Formerly known as Essel Propack Limited) 29 29
Slide 31: EPL: Company Overview
EPL Limited Q1FY24 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 47% contribution 21+ years Global Footprint Strong In
Slide 32: EPL Caters to Marquee Customers Across Trillion Dollar Categories
EPL Limited Q1FY24 Earnings Presentation EPL Caters to Marquee Customers Across Trillion Dollar Categories Tube revenue split (Q1FY24) ‘Personal Care & Others, beyond’*, 49% 4% Pharma, 9% Beauty & Oral Cosmetics, Care, 36% 51% 31 31 31 * ‘Personal Care and beyond’ includes Beauty & Cosmetics, Pharma
Slide 33: About EPL
EPL Limited Q1FY24 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 3,577 people representing over 25 different nationalities, EPL functions in eleven countries through 2
Slide 34: 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 33