Slide 1: Exchange filing cover letter
^^orp varua beverages umiceo ® Corporate Off : 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 at : www.varunbeverages.com CIN No.: L74899DL1995PLC069839 August 3, 2023 To, National Stock
Slide 2: Q2 & H1 CY2023 Results Presentation
August 3, 2023 (a PepsiCo franchisee) Varun Beverages Limited Q2 & H1 CY2023 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 Contents
Table of Contents (a PepsiCo franchisee) 1 Company Overview 2 Chairman’s Message 3 Q2 & H1 CY2023 Results Overview 4 Performance Highlights 5 Sustainability Initiatives 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 ~85% to revenues; 3 in Africa (Morocco, Zambia, Zimbabwe) contribute ~15% for fiscal year 2022 Over 31 years st
Slide 6: Brands Licensed to VBL
Brands Licensed to VBL (a PepsiCo franchisee) Brands licensed by PepsiCo: Dairy Based Beverages* Carbonated Soft Drinks Mango Shake Energy Drink Club Soda Carbonated Juice Based Drinks Cold Coffee Belgian Fruit Pulp / Juice Based Drinks Ice Tea Choco Kesar Badam Sports Drink Packaged Water Elaichi *
Slide 7: Symbiotic Relationship with PepsiCo
Symbiotic Relationship with PepsiCo (a PepsiCo franchisee) VBL – Demand Delivery PepsiCo – Demand Creation 31 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 Bottling 39 state-of-the-art production facilities (33 in India & SOLID INRASTRUCTURE (PepsiCo) Materials 6 in International territories) 1
Slide 9: Chairman's Message
Chairman’s Message (a PepsiCo franchisee) Commenting on the performance for Q2 and H1 CY2023, Mr. Ravi Jaipuria, Chairman – Varun Beverages Limited said: “We have delivered a resilient performance in the quarter, despite facing a soft demand environment in India due to abnormally high unseasonal rai
Slide 10: Key Developments
Key Developments (a PepsiCo franchisee) Formation of New Subsidiary in Johannesburg, South Africa • Incorporation of a new subsidiary - ‘Varun Beverages South Africa (PTY) LTD’ in Johannesburg, South Africa to explore the business of manufacturing and distribution of beverages. Commencement of Comme
Slide 11: Awards and Accolades
Awards and Accolades (a PepsiCo franchisee) PepsiCo’s International Bottler of the year 2022 We are delighted to share that VBL has recently received the esteemed recognition of "PepsiCo's International Bottler of the Year 2022." This outstanding accomplishment further validates VBL's dedication to
Slide 12: Results Overview
Results Overview (a PepsiCo franchisee) Net Sales EBITDA PAT 34.6% 22.1% 29.6% 14,440 95,044 23,091 25.4% 20.8% 10,731 13.3% 77,823 17,816 10,054 Rs. mn Rs. mn Rs. mn 15,110 8,020 49,548 56,114 12,506 24.3% 22.9% 26.9% 25.2% Q2 2022 Q2 2023 H1 2022 H1 2023 Q2 2022 Q2 2023 H1 2022 H1 2023 Q2 2022 Q2
Slide 13: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement (a PepsiCo franchisee) Particulars (Rs. million) Q2 2023 Q2 2022 YoY(%) H1 2023 H1 2022 YoY (%) 1.Income (a) Revenue from operations 56,997.34 50,175.75 13.6% 96,523.25 78,850.52 22.4% (b) Excise Duty 883.32 627.60 40.7% 1,479.48 1,027.65 44.0% Net Revenues 56,11
Slide 14: Consolidated Balance Sheet
Consolidated Balance Sheet (a PepsiCo franchisee) Particulars (Rs million) 30-Jun-23 31-Dec-22 Particulars (Rs million) 30-Jun-23 31-Dec-22 Equity and liabilities Assets Equity Non-current assets (a) Equity share capital 6,495.68 6,495.50 (a) Property, plant and equipment 69,858.39 54,415.78 (b) Oth
Slide 15: Discussion on Financial & Operational Performance
Discussion on Financial & Operational Performance (a PepsiCo franchisee) Net Revenues / Sales Volumes • Consolidated sales volume grew by 4.6% to 314 million cases in Q2 CY2023 from 300 million cases in Q2 CY2022 led by robust growth in International markets. Sales volume growth in India got affecte
Slide 16: Discussion on Financial & Operational Performance
Discussion on Financial & Operational Performance (a PepsiCo franchisee) Debt • Net debt stood at Rs. 31,716 mn as on Jun 30, 2023 as against Rs. 34,096 mn as on Dec 31, 2022. Net debt also includes ~ Rs. 9,000 mn on account of CWIP as well as Capital Advances for the capex planned for CY24 in Mahar
Slide 17: Performance Highlights (CY2018 – CY2022 & H1 CY2023)
Performance Highlights (CY2018 – CY2022 & H1 CY2023) (a PepsiCo franchisee) REVENUE PAT CAGR (2018-22) – 26.7% Revenue CAGR (2018-22) – 50.8% PAT PAT Margins 1,31,731 15% 17,000 15,501 14,440 Rs. mn Rs. mn 95,044 14,500 88,232 15.2% 10% 12,000 71,296 64,501 9,500 7,461 11.8% 51,053 7,000 4,722 3,573
Slide 18: Sustainability Initiatives - Water Stewardship
Sustainability Initiatives - Water Stewardship (a PepsiCo franchisee) Parameter (mn KL) CY2020 CY2021 CY2022 Water Recharge Ratio# Water Usage* Ratio(WUR)* Fresh Water Usage Details: Certified Certified Certified 2.72 Target Total water consumption (A) 3.74 4.86 6.32 2.28 min. 2.02 2.00 1.92 1.89 Be
Slide 19: Sustainability Initiatives – Plastic Waste Management
Sustainability Initiatives – Plastic Waste Management (a PepsiCo franchisee) Weight Reduction of Pre-forms (grams) Plastic Waste Recycling % Plastic usage reduction through light weighting of Preforms and Closures for PET bottles. Phase- 52.5 50.7 Target 47.0 wise implementation of certain 100% SKUs
Slide 20: Sustainability Initiatives - Climate Action
Sustainability Initiatives - Climate Action (a PepsiCo franchisee) mn Kg CO2e Grams / litre* Reduction of Carbon emissions / litre (base year – 2020) GHG CY 2020 CY 2022 CY 2020 CY 2022 Emissions Scope 1 26.84 51.94 14.01 13.93 Scope 2 129.11 224.45 67.39 60.20 Scope 3 534.76 580.42 279.14 155.67 To
Slide 21: Conference Call Details
Conference Call Details (a PepsiCo franchisee) Varun Beverages Limited Q2 and H1 CY2023 Earnings Conference Call Time • Thursday, August 3, 2023 at 3:30 PM IST Conference dial-in Primary number • +91 22 6280 1141 / +91 22 7115 8042 International Toll Free Number • Hong Kong: 800 964 448 • Singapore:
Slide 22: 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 23: Thank You!
Thank You!