Tcpl Packaging Limited · NSE:TCPLPACK
Tcpl Packaging — Q1 FY2024 Earnings Presentation
30 slides from Tcpl Packaging's earnings presentation, Aug 4, 2023
Slide 1: Letter to stock exchanges on earnings presentation
4th August 2023 The Bombay Stock Exchange Ltd The National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block Dalal Street, Bandra Kurla Complex, Mumbai 400 001 Bandra East, Mumbai 400 051 Security Code:-523301 Trading Symbol:- TCPLPACK Dear Sir(s), Re:- Ear
Slide 2: Q1 FY2024 Earnings Presentation
Q1 FY2024 Earnings Presentation 04 August 2023
Slide 3: Disclaimer
Certain statements and opinions with respect to the anticipated future performance of TCPL Packaging Limited (TCPL) in the presentation (“forward-looking statements”), which reflect various assumptions concerning the strategies, objectives and anticipated results may or may not prove to be correct.
Slide 4: Q1 FY2024 Results Overview
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Slide 5: Q1 FY24 - Key Financial Highlights Consolidated
Q1 FY24 - Key Financial Highlights Consolidated Total Revenues (Rs. Cr.) EBITDA (Rs. Cr.) Cash Profit (Rs. Cr.) 371.3 342.5 61.4 54.4 47.3 48.4 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Shift % (Y-o-Y) 8% Shift % (Y-o-Y) 13% Shift % (Y-o-Y) 2% Margins (%) Margins (%) 15.9% 16.5% 13.8% 13.0% 4
Slide 6: Q1 FY24 - Key Financial Highlights Standalone
Q1 FY24 - Key Financial Highlights Standalone Total Revenues (Rs. Cr.) EBITDA (Rs. Cr.) Cash Profit (Rs. Cr.) 359.7 60.3 335.5 49.2 53.5 46.8 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Shift % (Y-o-Y) 7% Shift % (Y-o-Y) 13% Shift % (Y-o-Y) 5% Margins (%) Margins (%) 16.0% 16.8% 14.0% 13.7% 5
Slide 7: Key Developments
Key Developments Appointed Andreas Blaschke as Independent Director – Significantly Strengthening Board Expertise With over three decades of experience in the global paper, cartonboard & packaging industry, Dr. Blaschke brings a wealth of knowledge and expertise to TCPL’s Board Having played a leade
Slide 8: Management Message
Commenting on the performance for Q1 FY2024 Mr. Saket Kanoria, Managing Director, TCPL Packaging Limited said Management “We are pleased to present our first-quarter results, reflecting a promising start Message amidst the challenges posed by the current operating environment. Our revenue growth on
Slide 9: Consolidated P&L Statement
Consolidated P&L Statement Y-o-Y Change Y-o-Y Change Particulars (Rs. crore) Q1 FY24 Q1 FY23 FY23 FY22 (%) (%) Revenues from Operations 363.8 334.2 8.8% 1442.2 1065.4 35.4% Other Operating Income 7.6 8.3 -8.9% 32.7 20.4 60.5% Total Revenues 371.3 342.5 8.4% 1474.9 1085.7 35.8% Total Expenditure • Ra
Slide 10: Standalone P&L Statement
Standalone P&L Statement Y-o-Y Change Y-o-Y Change Particulars (Rs. crore) Q1 FY24 Q1 FY23 FY23 FY22 (%) (%) Revenues from Operations 352.2 327.2 7.7% 1400.0 1055.9 32.6% Other Operating Income 7.4 8.3 -10.5% 31.8 20.2 57.9% Total Revenues 359.7 335.5 7.2% 1431.9 1076.0 33.1% Total Expenditure • Raw
Slide 11: Q1 FY24: Financial & Operational Discussions (Y-o-Y)
Q1 FY24: Financial & Operational Discussions (Y-o-Y) Total Revenues On a Consolidated basis, Total Revenues stood at Rs. 371 crore as against Rs. 342 crore, higher by 8% Revenue growth on a year-on-year basis remained steady amidst the prevailing market dynamics The growth was mainly fueled by highe
Slide 12: Balance Sheet Snapshot – Consolidated
Balance Sheet Snapshot – Consolidated Rs. 467 Rs. 1,025 Rs. 885 Crore Crore Crore Net-worth Capital Employed Fixed Assets (Gross) Rs. 4.5 Rs. 516 89 Crore Crore Days Cash & Investments Net Debt Net Working Capital Days Note: As on 30th June 2023 11
Slide 13: Company Overview
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Slide 14: At a Glance
At a Glance TCPL – One of India’s leading producers of sustainable packaging solutions for customers across industries 33 YEARS 1,432 (RS. CRORE) 219 (RS. CRORE) 8 ~2,000 Of providing an array of Revenue Cash Profit Manufacturing Employees packaging solutions (FY23) (FY23) units (FY23) 18% 15% 15% 2
Slide 15: Business Overview
Business Overview One of India’s largest Folding Carton manufacturers and convertors of paperboard Innovative player in the Flexible packaging industry Close-to-Demand Pan-India Footprint to fast-track growth Caters to Consumer Goods, Food & Beverage, Tobacco, Liquor, Agro-Chemicals, Pharma, and var
Slide 16: Folding Carton Division
Folding Carton Division One of India's leading Carton Packaging companies since 1990s driven by adoption of industry- leading technology Offers wide-range of innovative, sustainable & unique packaging solutions Well-positioned to support diverse customer requirements with PAN India presence and netw
Slide 17: Flexible Packaging Division
Flexible Packaging Division Innovative player providing versatile and sustainable solutions to customers across industry verticals Offers a variety of products including Pouches, Laminates, Shrink Sleeves, and Wrap Around Labels POUCHES SHRINK SLEEVES WRAP AROUND LABELS BUNDLE PAPER, INNER LAMINATES
Slide 18: Pillars of Strength
Pillars of Strength Equipped with latest state-of- the-art machines Operates multiple Several technical manufacturing units Developing creative collaborations to ensure solutions by a dedicated efficiency & productivity Vast market network across Long-term connect with team with proven capabilities
Slide 19: Pan-India Presence
Pan-India Presence Close-to-demand strategy has enabled TCPL to emerge as one of India’s leading sustainable packaging solution providers *Haridwar Delhi Headquartered in Mumbai, Noida Guwahati TCPL operates 8 manufacturing units across 5 locations & has *Silvassa Kolkata marketing offices in key me
Slide 20: Marquee Clients
Marquee Clients Electronics, Pharma & Others FMCG FMCG Liquor Food & Beverages “Enables leading companies across industries identify the right packaging solutions” 19
Slide 21: Sustainable Packaging – Renewable, Recyclable and Compostable
Sustainable Packaging – Renewable, Recyclable and Compostable Growing global trend towards eco-friendly packaging solutions fueled considerable growth over the last decade o Ever increasing end-consumer awareness and demand for eco-friendly & recyclable offerings Paperboard is a naturally Renewable,
Slide 22: Sustainability Initiatives – Paperboard
Sustainability Initiatives – Paperboard Replacement of plastic in food packaging – Working on Replacement of plastic in e-commerce – Working on solutions to replacement of non-sustainable materials like plastic food trays with cut down on plastics in e-commerce and online delivery platforms biodegra
Slide 23: Sustainability Initiatives – Paperboard
Sustainability Initiatives – Paperboard Replacement of plastic film lamination and plastic extrusion for food Metallised Board – developed in-house facility to transfer metallised and other barrier packaging effects on paperboard, giving the same quality and finish as metallised We are also working
Slide 24: Investments towards driving higher sustainability in Flexible packaging
Investments towards driving higher sustainability in Flexible packaging TCPL INNOFILMS SPECIALTY CURRENT STRUCTURE NEW STRUCTURE PET InnoPure Adhesive Adhesive PE PE Non - RECYCLABLE 100% RECYCLABLE (Above is an example of a common (Above is an example of the use of our structure in the market) spec
Slide 25: Key Growth Levers
Key Growth Levers Scale Pan-India Presence Improving consolidation in a Close-to-demand strategy to largely unorganized industry drive growth Sustainable Packaging Partnership with Solutions Customers Emerging as a major growth Leverage existing relationship opportunity to gain higher wallet share I
Slide 26: COPPL Acquisition – Enters high potential rigid boxes segment
COPPL Acquisition – Enters high potential rigid boxes segment Update on Creative Offset Printer Private Limited Since both companies have production facilities in (COPPL) close proximity, TCPL aims to capitalize from key synergies, like cost rationalization & optimization TCPL further strengthened i
Slide 27: Annexure
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Slide 28: Conference Call Details
Conference Call Details Q1 FY2024 Earnings Conference Call Time • 2:00 p.m. IST on Tuesday, August 08, 2023 To enable participants to connect to the conference call Pre-registration without having to wait for an operator, please register at the below mentioned link: Primary dial-in number • + 91 22
Slide 29: About Us
About Us TCPL Packaging Limited (TCPL) (BSE: 523301, NSE: TCPLPACK), is For further information, please contact: one of India’s leading producers of sustainable packaging solutions for customers across industries. The Company partners with customers to provide paperboard-based packaging Vivek Dave s
Slide 30: Thank You
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