Slide 1: Stock exchange cover letter for investor presentation
5 November 2022 Corporate Service Department The Listing Department BSE Limited National Stock Exchange of India Ltd 25 th Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Mumbai 400001 Bandra-Kurla Complex, Bandra (E) r1••·······································
Slide 2: EPL Limited Q2 FY23 Earnings Presentation
EPL LIMITED (Formerly known as Essel Propack Limited) Q2 FY23 Earnings Presentation 1
Slide 3: Safe Harbour
EPL Limited Q2FY23 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: Agenda
EPL Limited Q2FY23 Earnings Presentation • Q2 FY23 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. Financial pe
Slide 5: Q2 FY23 Highlights – Double digit revenue growth with EBITDA growing sequentially
EPL Limited Q2FY23 Earnings Presentation Q2 FY23 Highlights – Double digit revenue growth[1] with EBITDA growing sequentially across all regions Revenue growth of 10.6% [2] at constant currency broad based across all regions, despite 1 continued impact of Covid lockdowns in EAP 2 Revenue growth led
Slide 6: Q2 FY23 Consolidated Financial Highlights
EPL Limited Q2FY23 Earnings Presentation Q2 FY23 Consolidated Financial Highlights (INR million) Revenue from Operations EBITDA and EBITDA Margins EBIT and EBIT Margins 9,481 18.3% 16.3% 11.2% 9.3% 8,701 9.0% 972 884 1,594 1,544 -9.1% -3.1% Excl EAP 13.1% Q2FY22 Q2FY23 Q2FY22 Q2FY23 Q2FY22 Q2FY23 PA
Slide 7: EPL – Capital Efficient, Sustainable Revenue Growth
EPL Limited Q2FY23 Earnings Presentation EPL – Capital Efficient, Sustainable Revenue Growth (INR million) Q2FY22 Q2FY23 Growth Revenue 8,701 9,481 Revenue growth at constant 9.0% currency at 10.6% Growth1 1677 Adjusted EBITDA 1617 -3.6% Adjusted EPS (INR) 2.02 1.72 -14.8% As of Sep 21 As of Sep 22
Slide 8: Costs and Comprehensive Margin Improvement Plan
EPL Limited Q2FY23 Earnings Presentation • Q2 FY23 Highlights and Financial Performance • Costs and Comprehensive Margin Improvement Plan • Progress on Sustainability • Looking Ahead • Appendix 7 7
Slide 9: Raw material procurement prices declined in Q2
EPL Limited Q2FY23 Earnings Presentation Raw Material procurement prices declined in Q2. Impact on consumption cost in Q3 expected to be largely offset by currency devaluation against dollar Polymer Movement Foil Movement 3700 1850 1650 3200 USD/ MT USD/ MT 1450 2700 1250 2200 1050 850 1700 650 1200
Slide 10: Comprehensive plan in place to control and recover costs
EPL Limited Q2FY23 Earnings Presentation Comprehensive plan in place to control and recover costs 1 Consistent efforts on inflation-led price Increases Continuous price increase efforts for non contracted customers; Contractual pass-through as per 3-month lag Additional price increases to cover
Slide 11: ‘Personal Care & beyond’ category contribution stood at 48% in H1FY23
EPL Limited Q2FY23 Earnings Presentation ‘Personal Care & beyond’* category contribution stood at 48% in H1FY23 ‘Personal Care & beyond’* contribution to Tube Revenue 48% 45% 46% 46% 43% 41% FY18 FY19 FY20 FY21 FY22 YTDFY23* ‘Personal Care & beyond’* revenue growth higher than Oral Care * ‘Personal
Slide 12: ‘Personal Care & beyond’ category has grown at a 15.3% CAGR
EPL Limited Q2FY23 Earnings Presentation ‘Personal Care & beyond’* category has grown at a 15.3% CAGR over the last 12 years and continues to be the major growth driver for EPL in FY23 ‘Personal Care & beyond’* Revenue (INR million) Growth 14.7% Y-o-Y 12,852 14,291 7,917 11,206 8,254 2,980 Sub-categ
Slide 13: Established Global Leadership in Oral Care
EPL Limited Q2FY23 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 5.0% Y-o-Y 15,170 16,720 12,748 13,809 9,203 11,764 8,662 5,823 FY11 FY13 FY15 FY17 FY20 FY21
Slide 14: New business wins
EPL Limited Q2FY23 Earnings Presentation New business wins Venturing into Rigid to Laminate Strengthening Design Disruption Awards new categories Conversion Sustainability - Platina Scooter Gear Oil Awards – IFCA’22 Zydus Wellness Skin Light Cream – Anti -Counterfeit Tube Neo Seam – Opthalmic Minimi
Slide 15: Brazil Update
EPL Limited Q2FY23 Earnings Presentation Brazil Update • Brazil project on track • Construction activity in full swing • Recruitment in progress for factory operations • First commercial delivery expected by end of FY23 as informed earlier • Multiple local players evincing interest 14 14
Slide 16: Progress on Sustainability
EPL Limited Q2FY23 Earnings Presentation • Q2 FY23 Highlights and Financial Performance • Costs and Comprehensive Margin Improvement Plan • Progress on Sustainability • Looking Ahead • Appendix 15 15
Slide 17: Sustainability: Leading the Pack
EPL Limited Q2FY23 Earnings Presentation Sustainability : “Leading the Pack” Product Sustainability Process Sustainability In addition to 5 oral brands globally, 2 more brands Ecovadis - Company-wide program to “Go for in ‘Personal Care & beyond’* category embrace Gold” Platina solution Associ
Slide 18: People Sustainability: Corporate Social Responsibility
EPL Limited Q2FY23 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 19: Looking Ahead
EPL Limited Q2FY23 Earnings Presentation • Q2 FY23 Highlights and Financial Performance • Costs and Comprehensive Margin Improvement Plan • Progress on Sustainability • Looking Ahead • Appendix 18 18
Slide 20: Looking Ahead: Committed to double digit revenue growth with margin recovery
EPL Limited Q2FY23 Earnings Presentation Looking Ahead: Committed to double digit revenue growth with margin recovery 1 Committed to deliver double-digit revenue growth 2 Continued focus on Margin Improvement Plan. Price increase actions in progress to cover inflation related cost increases, particu
Slide 21: Our 4X4 Mantra for Growth
EPL Limited Q2FY23 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 22: Appendix
EPL Limited Q2FY23 Earnings Presentation • Q2 FY23 Highlights and Financial Performance • Costs and Comprehensive Margin Improvement Plan • Progress on Sustainability • Looking Ahead • Appendix 21 21
Slide 23: Q2 FY23: Adjusted EBITDA
EPL Limited Q2FY23 Earnings Presentation Q2 FY23: Adjusted EBITDA (INR million) Adjustments EBITDA PAT1 Reported Q2FY23 numbers 1,544 482 • TSA2 related expenses +40 +30 • One time acquisition related costs +0 +0 • ESOP related cost +33 +33 Adjusted Q2FY23 numbers 1,617 545 Reported Q2FY22 numbers 1
Slide 24: Q2 FY23 Performance – AMESA and EAP
EPL Limited Q2FY23 Earnings Presentation Q2 FY23 Performance – AMESA and EAP (INR million) AMESA Particulars Q2FY23 Q2FY22 % change Revenue 3,594 3,075 16.9% EBITDA 659 679 -2.9% EBITDA % 18.3% 22.1% EBIT 404 421 -4.0% EBIT % 11.2% 13.7% EAP Particulars Q2FY23 Q2FY22 % change Revenue 2,167 2,136 1.5
Slide 25: Q2 FY23 Performance – Americas and Europe
EPL Limited Q2FY23 Earnings Presentation Q2 FY23 Performance – Americas and Europe (INR million) Americas Particulars Q2FY23 Q2FY22 % change Revenue 2,226 1,860 19.7% EBITDA 267 284 -6.0% EBITDA % 12.0% 15.3% EBIT 122 172 -29.1% EBIT % 5.5% 9.2% Europe Particulars Q2FY23 Q2FY22 % change Revenue 2,05
Slide 26: Q2 FY23 Consolidated Financial Highlights Including Brazil
EPL Limited Q2FY23 Earnings Presentation Q2 FY23 Consolidated Financial Highlights Including Brazil (INR million) Revenue from Operations EBITDA and EBITDA Margins EBIT and EBIT Margins 9,481 18.3% 16.1% 11.2% 9.1% 8,701 9.0% 972 866 1,594 1,530 -10.9% -4.0% Excl EAP 13.1% Q2FY22 Q2FY23 Q2FY22 Q2FY2
Slide 27: About EPL
EPL Limited Q2FY23 Earnings Presentation About EPL (Formerly known as Essel Propack Limited) 26 26
Slide 28: EPL: Company Overview
EPL Limited Q2FY23 Earnings Presentation EPL: Company Overview Largest Global Leader in Growing Strong laminated tubes Oral Care emergence in relationships manufacturer ‘Personal Care & with marquee beyond’* FMCG customers ~8 bn Tubes #1 Globally 20+ years 46% contribution Global Footprint Strong In
Slide 29: EPL Caters to Marquee Customers Across Trillion Dollar Categories
EPL Limited Q2FY23 Earnings Presentation EPL Caters to Marquee Customers Across Trillion Dollar Categories Tube revenue split (H1 FY23) ‘Personal Care & Others, beyond’*, 48% 4% Pharma, 9% Beauty & Oral Cosmetics, Care, 35% 52% 28 28 28 * ‘Personal Care and beyond’ includes Beauty & Cosmetics, Pharm
Slide 30: About EPL
EPL Limited Q2FY23 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 3,366 people representing over 25 different nationalities, EPL functions in nine countries through 20
Slide 31: 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 30