Varun Beverages Ltd. · NSE:VBL
Varun Beverages — Q3 2021 Earnings Presentation
19 slides from Varun Beverages's earnings presentation, Oct 29, 2021
Slide 1: Filing cover letter to stock exchanges
C o rp o ra te O ff : Plot N o.31, Institutional Area, S e c.-44, Gurgaon, Haryana-122002 (India) P h.: +91-124-4643100-500 • Fax: +91-124-4643303/04 E - m a il: info@ rjcorp.in • Visit us a t : www.varunpepsi.com CIN No. : L74899DL1995PLC069839 October 29, 2021 National Stock Exchange of India Ltd.
Slide 2: Q3 & 9M CY2021 Results Presentation
October 29, 2021 (a PepsiCo franchisee) Varun Beverages Limited Q3 & 9M 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 Q3 & 9M 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: Key Player in the Beverage Industry – Business Model
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 Q3 & 9M CY2021, Mr. Ravi Jaipuria, Chairman – Varun Beverages Limited said, “We are delighted to share that we have reported a robust performance during the quarter, delivering a top line growth of 33% and a PAT growth of 60
Slide 10: Key Developments
Key Developments (a PepsiCo franchisee) Credit Rating • CRISIL (an S&P Global Company) has reaffirmed the long term rating for bank loan facilities as CRISIL AA/Positive (Outlook revised from ‘Stable’ to ‘Positive’) and reaffirmed for short term instruments as CRISIL A1+. Reversal of Provisions in Z
Slide 11: Performance Highlights (Q3 & 9M CY 2021 and CY 2020)
Performance Highlights (Q3 & 9M CY 2021 and CY 2020) (a PepsiCo franchisee) Net Sales 38.5% EBITDA 40.9% PAT 95.7% 7,135 33.0% 70,889 29.9% 59.7% 14,471 Rs. million Rs. million Rs. million 51,193 10,296 3,645 3,808 4,947 2,579 23,982 18,026 20.1% 20.4% 1,615 21.1% 20.6% Q3 2020 Q3 2021 9M 2020 9M 20
Slide 12: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement (a PepsiCo franchisee) Particulars (Rs. million) Q3 2021 Q3 2020 YoY(%) 9M 2021 9M 2020 YoY (%) 1. Income (a) Revenue from operations 24,404.34 18,395.14 32.7% 71,933.55 52,044.52 38.2% (b) Excise Duty 422.76 368.80 14.6% 1,044.60 852.01 22.6% Net Revenues 23,981
Slide 13: Discussion on Financial & Operational Performance
Discussion on Financial & Operational Performance (a PepsiCo franchisee) Sales Volumes / Net Revenues • Strong volume growth of 28.4% YoY to 153.3 million cases in Q3 CY2021 as compared to 119.5 million cases in Q3 CY2020. Over a 2-year period the organic CAGR was 11.0% for the same quarter. • Reven
Slide 14: Sustainability Initiatives – PET Recycling
Sustainability Initiatives – PET Recycling (a PepsiCo franchisee) VBL consumed ~ 78,500 MT PET resins for its finished product during 9M CY2021. 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
Slide 15: 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 16: Performance Highlights (2016 – 9M 2021)
Performance Highlights (2016 – 9M 2021) (a PepsiCo franchisee) Revenue PAT PAT Margins 71,296 70,889 8,500 15% CAGR (2016-20) – 13.8% 64,501 CAGR (2016-20) – 24.0% 7,135 7,500 13% Rs. million Rs. million 51,053 6,500 11% 38,520 40,034 5,500 4,722 9% 4,500 3,573 10.1% 2,999 7% 3,500 2,141 5% 2,500 6.
Slide 17: Conference Call Details
Conference Call Details (a PepsiCo franchisee) Varun Beverages Limited (VBL) Q3&9M CY 2021 Earnings Conference Call Time • Friday, October 29, 2021 at 2:15 PM IST Conference dial-in Primary number • +91 22 6280 1141 / +91 22 7115 8042 International Toll Free Number • Hong Kong: 800 964 448 • Singapo
Slide 18: 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 19: Thank You!
Thank You!