Epl Limited · NSE:EPL
Epl — Q4 FY2023 Earnings Presentation
40 slides from Epl's earnings presentation, May 19, 2023
Slide 1: Exchange filing cover letter
19 May 2023 1 Corporate Service Department The Listing Department ! 1 BSE Limited National Stock Exchange of India Ltd 1 l 25 Floor, Phiroze Jeejeebhoy Towers, th Exchange Plaza, Plot no. C/1, G Block, j l Dalal Street, Mumbai 400001 Bandra-Kurla Complex, Bandra (E) I l. Scrip:. Equity.50013 5...NCD
Slide 2: EPL Limited Q4FY23 Earnings Presentation
EPL LIMITED (Formerly known as Essel Propack Limited) Q4FY23 Earnings Presentation 1
Slide 3: Safe Harbour
EPL Limited Q4FY23 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 Q4FY23 Earnings Presentation Key topics • Q4FY23 Highlights and Financial Performance Quarterly and annual 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
Slide 5: Q4FY23 Highlights – Strong EBITDA margin recovery
EPL Limited Q4FY23 Earnings Presentation Q4FY23 Highlights – Strong EBITDA margin recovery YoY and on sequential basis 1 Robust double digit revenue growth at 10.1% Strong EBITDA margin recovery to 17.2%1; increase of 186 bps YoY and 61 bps sequentially. 2 EBITDA grew by 23.4% 3 PAT growth2 of 80.7%
Slide 6: Q4FY23 Consolidated Financial Highlights
EPL Limited Q4FY23 Earnings Presentation Q4FY23 Consolidated Financial Highlights (INR million) Revenue from Operations EBITDA1 and EBITDA Margins EBIT and EBIT Margins 9,693 15.4% 17.2% 8.2% 9.1% 8,802 10.1% 1,670 885 1,353 23.4% 722 22.6% Excl EAP 12.0% Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23 PA
Slide 7: EPL – Capital Efficient, Sustainable Revenue Growth
EPL Limited Q4FY23 Earnings Presentation EPL – Capital Efficient, Sustainable Revenue Growth (INR million) Q4FY22 Q4FY23 Growth Revenue 8,802 9,693 Revenue growth 10.1% excluding EAP at 12.0% Growth1 1724 Adjusted EBITDA 1433 20.3% 3.12 Adjusted EPS (INR) 1.76 77.3% As of Mar 22 As of Mar 23 66 bps
Slide 8: FY23 – Year of Recovery
EPL Limited Q4FY23 Earnings Presentation FY23 – Year of Recovery Quarterly Revenue and EBITDA YoY growth trajectory in FY23 23.4% Consistent double digit revenue growth across all regions except EAP, which was 16.3% 16.6% 17.2% impacted by Covid lockdown in all 15.1% 13.2% quarters * 9.0% 10.1% 7.
Slide 9: Agenda
EPL Limited Q4FY23 Earnings Presentation • Q4FY23 Highlights and Financial Performance • Costs and Comprehensive Margin Improvement Plan • Progress on Sustainability • Looking Ahead • Appendix 8 8
Slide 10: Input material prices started easing from Q2FY23
EPL Limited Q4FY23 Earnings Presentation Input material prices started easing from Q2FY23 after peaking in Q1FY23; stabilized in Q4FY23 Source – LME and SHFE Index Source – ICIS M LLDPE and HDPE Index CBIC Exchange rate CBIC Exchange rate Polymer and foil prices remained stable in Q4FY23 Ocean f
Slide 11: Comprehensive plan delivered cost control and enabled margin recovery
EPL Limited Q4FY23 Earnings Presentation Comprehensive plan delivered cost control and enabled margin recovery 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 additi
Slide 12: Personal Care & beyond category contribution in FY23
EPL Limited Q4FY23 Earnings Presentation ‘Personal Care & beyond’* category contribution stood at 47% in FY23 ‘Personal Care & beyond’* contribution to Tube Revenue 46% 47% 45% 46% 43% 41% FY18 FY19 FY20 FY21 FY22 FY23 ‘Personal Care & beyond’* revenue growth higher than Oral Care * ‘Personal Care a
Slide 13: Personal Care & beyond category has grown at a 15% CAGR
EPL Limited Q4FY23 Earnings Presentation ‘Personal Care & beyond’* category has grown at a 15% CAGR over the last 12 years and continues to be the major growth driver for EPL in FY23 ‘Personal Care & beyond’* Revenue (INR million) 15,947 Growth 11.6% 11,206 12,852 14,291 Y-o-Y 8,254 2,980 Sub-catego
Slide 14: Established Global Leadership in Oral Care
EPL Limited Q4FY23 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 9.5% Y-o-Y 16,720 18,300 12,748 13,809 15,170 9,203 11,764 5,823 FY11 FY13 FY15 FY17 FY20 FY21
Slide 15: Sustained momentum on new business wins
EPL Limited Q4FY23 Earnings Presentation Sustained momentum on new business wins through innovation and sustainable offerings Venturing into new Strengthening Sustainability Disruption categories Platina China - NJ Weite Ointment with silicon massage head India – Krazy Line India – China – UMT prime
Slide 16: Awards
EPL Limited Q4FY23 Earnings Presentation Awards “Best company to work for “ in the manufacturing sector at the Iconic Platinum Awards by feather Touch Two National Awards for excellence in Packaging – Indiastar and Pacmachine 2022 Awards 1. Food Packaging - Wingreen 50 dia tube 2. Pharmaceutical Pac
Slide 17: Brazil Update
EPL Limited Q4FY23 Earnings Presentation Brazil Update • Production commenced • Ramp up of production from Q1FY24 16 16
Slide 18: Agenda
EPL Limited Q4FY23 Earnings Presentation • Q4FY23 Highlights and Financial Performance • Costs and Comprehensive Margin Improvement Plan • Progress on Sustainability • Looking Ahead • Appendix 17 17
Slide 19: EPL awarded Gold in 2023 EcoVadis Sustainability assessment
EPL Limited Q4FY23 Earnings Presentation EPL awarded Gold in 2023 EcoVadis Sustainability assessment Ranking amongst companies rated by EcoVadis Overall score In the top 5% of the 90,000 companies from 160 countries In the top 3% of companies in the Manufacture of plastics products industry Environm
Slide 20: Sustainability: ~2.5x sustainable tubes delivered in FY23
EPL Limited Q4FY23 Earnings Presentation Sustainability: ~2.5x sustainable tubes delivered in FY23 Product Sustainability Process Sustainability Emergence of Platina as a benchmark for Maintained CDP ‘A’ Leadership rating on Sustainable Solutions and a market success across supplier engagement;
Slide 21: Sustainability: Leading the Pack
EPL Limited Q4FY23 Earnings Presentation Sustainability : “Leading the Pack” EPL Third sustainability report launched Download at : https://www.eplglobal.com/sustainability/ 20 20
Slide 22: People Sustainability: Corporate Social Responsibility
EPL Limited Q4FY23 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 23: Agenda
EPL Limited Q4FY23 Earnings Presentation • Q4FY23 Highlights and Financial Performance • Costs and Comprehensive Margin Improvement Plan • Progress on Sustainability • Looking Ahead • Appendix 22 22
Slide 24: Looking Ahead: Double digit revenue growth with margin improvement
EPL Limited Q4FY23 Earnings Presentation Looking Ahead: Double digit revenue growth with margin improvement 1 Deliver double-digit revenue growth 2 Drive recovery in EAP; expected recovery of economy post Covid 3 Ramp up Brazil volume and expand customer base in Brazil Continued focus on (i) margin
Slide 25: Our 4X4 Mantra for Growth
EPL Limited Q4FY23 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 26: Appendix
EPL Limited Q4FY23 Earnings Presentation • Q4FY23 Highlights and Financial Performance • Costs and Comprehensive Margin Improvement Plan • Progress on Sustainability • Looking Ahead • Appendix 25 25
Slide 27: Q4FY23: Adjusted EBITDA and PAT
EPL Limited Q4FY23 Earnings Presentation Q4FY23: Adjusted EBITDA and PAT (INR million) Adjustments EBITDA PAT1 Reported Q4FY23 numbers 1,670 880 • TSA2 related expenses +40 +30 • ESOP related cost +14 +14 • One time acquisition/ merger/ FX/ patent related costs - +69 Adjusted Q4FY23 numbers 1,724 99
Slide 28: Q4FY23 Performance – AMESA and EAP
EPL Limited Q4FY23 Earnings Presentation Q4FY23 Performance – AMESA and EAP (INR million) AMESA Particulars Q4FY23 Q4FY22 % change Revenue 3,379 3,141 7.6% EBITDA 805 571 40.9% EBITDA % 23.8% 18.2% EBIT 472 336 40.3% EBIT % 14.0% 10.7% EAP Particulars Q4FY23 Q4FY22 % change Revenue 2,141 1,971 8.6%
Slide 29: Q4FY23 Performance – Americas and Europe
EPL Limited Q4FY23 Earnings Presentation Q4FY23 Performance – Americas and Europe (INR million) Americas Particulars Q4FY23 Q4FY22 % change Revenue 2,299 1,964 17.1% EBITDA 257 311 -17.3% EBITDA % 11.2% 15.8% EBIT 97 192 -49.5% EBIT % 4.2% 9.8% Europe Particulars Q4FY23 Q4FY22 % change Revenue 2,502
Slide 30: FY23 Consolidated Financial Highlights
EPL Limited Q4FY23 Earnings Presentation FY23 Consolidated Financial Highlights (INR million) Revenue from Operations EBITDA1 and EBITDA Margins EBIT an EBIT Margins 36,941 16.8% 16.4% 9.5% 8.8% 34,328 7.6% 6,040 3,269 5,783 3,246 4.4% -0.7% Excl EAP 12.2% FY22 FY23 FY22 FY23 FY22 FY23 PAT2 and EPS
Slide 31: EPL – Capital Efficient, Sustainable Revenue Growth
EPL Limited Q4FY23 Earnings Presentation EPL – Capital Efficient, Sustainable Revenue Growth (INR million) FY22 FY23 Growth Revenue 36,941 Revenue growth 34,328 7.6% excluding EAP at 12.2% Growth1 6,102 6,313 Adjusted EBITDA 3.5% Adjusted EPS (INR) 7.78 8.57 10.2% As of Mar 22 As of Mar 23 ROCE2 16.
Slide 32: FY23: Adjusted EBITDA and PAT
EPL Limited Q4FY23 Earnings Presentation FY23: Adjusted EBITDA and PAT (INR million) Adjustments EBITDA PAT1 Reported FY23 numbers 6,040 2,346 • TSA2 related expenses +160 +120 • ESOP related cost +110 +110 • One time acquisition/ merger/ FX/ patent related costs +3 +142 Adjusted FY23 numbers 6,313
Slide 33: FY23 Regional performance
EPL Limited Q4FY23 Earnings Presentation FY23 Regional performance (INR million) Revenue YoY Growth EBITDA1 Margin AMESA 13,692 11.7% 2,829 20.7% EAP 8,498 -1.5% 1,749 20.6% Americas 8,758 19.0% 1,044 11.9% Europe 8,435 12.7% 778 9.2% (1) EBITDA is adjusted for ESOP cost for all the regions and also
Slide 34: Q4FY23 Consolidated Financial Highlights including Brazil
EPL Limited Q4FY23 Earnings Presentation Q4FY23 Consolidated Financial Highlights including Brazil (INR million) Revenue from Operations EBITDA1 and EBITDA Margins EBIT and EBIT Margins 9,693 15.4% 16.9% 8.2% 8.8% 8,802 10.1% 1,639 849 1,353 13.2% 722 17.6% Excl EAP 12.0% Q4FY22 Q4FY23 Q4FY22 Q4FY23
Slide 35: FY23 Consolidated Financial Highlights including Brazil
EPL Limited Q4FY23 Earnings Presentation FY23 Consolidated Financial Highlights including Brazil (INR million) Revenue from Operations EBITDA1 and EBITDA Margins EBIT an EBIT Margins 36,941 16.8% 16.2% 9.5% 8.6% 34,328 7.6% 5,991 3,269 5,783 3,186 3.6% -2.5% Excl EAP 12.2% FY22 FY23 FY22 FY23 FY22 F
Slide 36: About EPL
EPL Limited Q4FY23 Earnings Presentation About EPL (Formerly known as Essel Propack Limited) 35 35
Slide 37: EPL: Company Overview
EPL Limited Q4FY23 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 38: EPL Caters to Marquee Customers Across Trillion Dollar Categories
EPL Limited Q4FY23 Earnings Presentation EPL Caters to Marquee Customers Across Trillion Dollar Categories Tube revenue split (FY23) ‘Personal Care & Others, beyond’*, 47% 4% Pharma, 9% Beauty & Cosmetics, Oral 34% Care, 53% 37 37 37 * ‘Personal Care and beyond’ includes Beauty & Cosmetics, Pharma e
Slide 39: About EPL
EPL Limited Q4FY23 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 ten countries through 21 s
Slide 40: 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 39