Slide 1: Exchange filing cover letter: Earnings Presentation
06.02.2023 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:- Earnings
Slide 2: Q3 & 9M FY2023 Earnings Presentation
Q3 &9QM FY2c a QTCPL 06 February 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: Company Overview
TSP. Packaging limited QTcer) \WHOFILMS PVT LID Company WA Overview
Slide 5: TCPL – One of India's leading producers of sustainable packaging solutions
TCPL – One of India’s leading producers of sustainable packaging solutions for customers across industries 32 YEARS 1,078 (RS. CRORE) 126 (RS. CRORE) 8 ~1,900 Revenue Cash Profit* Manufacturing Employees Of proving an array of packaging solutions (FY22) (FY22) units (FY22) 19.8% 15.5% 26.8% 30 years
Slide 6: One of India's largest Folding Carton manufacturers
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 various other industr
Slide 7: Leading Carton Packaging company driven by industry-leading technology
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 network MONOCARTONS SPECIALT
Slide 8: Innovative player in flexible packaging
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 TIPPING PAPER FRAMES & SOFT
Slide 9: Key strengths: relationships, products, technology, presence, sustainability
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 India and Oversees C
Slide 10: 8 manufacturing units across 5 locations
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 metro Mumbai cities G
Slide 11: Customers across industries
Electronics, Pharma & Others FMCG FMCG Liquor Food & Beverages “Enables leading companies across industries identify the right packaging solutions” 10
Slide 12: Growing global trend towards eco-friendly packaging solutions
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, Recyclable and Compostable material o TCPL utilizes a mix of
Slide 13: Replacement of plastic in food packaging and e-commerce
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 biodegradable and environmentally friendly alter
Slide 14: Metallised board and plastic-free barrier coatings
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 on alternative water-based coatings to r
Slide 15: TCPL Innofilms specialty PE films
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) specialty PE Film) • The unique technology being employed by Innofilms offer
Slide 16: Growth strategy
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 Investment in New D
Slide 17: Acquisition of Creative Offset Printers (COPPL)
About Creative Offset Printer Private Limited (COPPL) Acquisition Details Since both companies have production facilities in close proximity, TCPL aims to capitalize from key synergies, like cost rationalization & optimization Incorporated in 2002, COPPL was started TCPL acquired a majority stake (8
Slide 18: Financial Highlights
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Slide 19: Consolidated Q3 FY23 financial highlights
Total Revenues (Rs. Cr.) EBITDA (Rs. Cr.) Cash Profit (Rs. Cr.) 378.1 60.5 50.0 276.5 41.8 34.7 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 Shift % (Y-o-Y) 36.7% Shift % (Y-o-Y) 44.8% Shift % (Y-o-Y) 43.9% Margins (%) Margins (%) 15.1% 16.0% 12.6% 13.2% 18
Slide 20: Standalone Q3 FY23 financial highlights
Total Revenues (Rs. Cr.) EBITDA (Rs. Cr.) Cash Profit (Rs. Cr.) 366.4 60.3 52.1 274.1 41.6 34.8 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 Shift % (Y-o-Y) Shift % (Y-o-Y) Shift % (Y-o-Y) 33.7% 45.1% 49.9% Margins (%) Margins (%) 15.2% 16.5% 12.7% 14.2% 19
Slide 21: Update on the acquisition of COPPL
Update on the acquisition of Creative Offset Printers Private Limited (COPPL) TCPL further invested in the Rights Issue of COPPL and has been allotted 45,844 equity shares, aggregating to Rs. 2.59 crore o Post the allotment of shares, TCPL now holds 84.07% in COPPL TCPL enhances its diverse portfoli
Slide 22: Management commentary on Q3 & 9M FY2023 performance
Commenting on the performance for Q3 & 9M FY2023 Mr. Saket Kanoria, Managing Director, TCPL Packaging Limited said “We have delivered a robust performance during the period under review, despite the ongoing macroeconomic challenges. On a consolidated basis, our topline expanded by 37% and 43% on a y
Slide 23: Consolidated income statement
Y-o-Y Change Y-o-Y Change Particulars (Rs. crore) Q3 FY23 Q3 FY22 9M FY23 9M FY22 (%) (%) Revenues from Operations 370.1 271.6 36.2% 1058.8 742.2 42.7% Other Operating Income 8.0 4.9 64.8% 23.5 13.4 75.7% Total Revenues 378.1 276.5 36.7% 1082.3 755.6 43.2% Total Expenditure • Raw Material expenses 2
Slide 24: Standalone income statement
Y-o-Y Change Y-o-Y Change Particulars (Rs. crore) Q3 FY23 Q3 FY22 9M FY23 9M FY22 (%) (%) Revenues from Operations 358.4 269.2 33.1% 1027.4 739.8 38.9% Other Operating Income 8.0 4.9 64.6% 23.5 13.4 75.5% Total Revenues 366.4 274.1 33.7% 1050.9 753.2 39.5% Total Expenditure • Raw Material expenses 2
Slide 25: Revenues, EBITDA and Cash PAT commentary
Total Revenues On a Consolidated basis, Total Revenues stood at Rs. 378 crore as against Rs. 277 crore, higher by 37% On a YoY basis, the Company reported strong revenue growth on the back of healthy contribution from both business segments Stable realizations and better volumes in the domestic and
Slide 26: Balance sheet highlights
Rs. 424.8 Rs. 965.1 Rs. 949.8 Crore Crore Crore Net-worth Capital Employed Fixed Assets (Gross) Rs. 5.9 Rs. 478.6 110 Crore Crore Days Cash & Investments Net Debt Net Working Capital Days Note: As on 31st December 2023 25
Slide 27: Annexure
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Slide 28: Q3 & 9M FY2023 Earnings Conference Call
Q3 & 9M FY2023 Earnings Conference Call Time • 3:00 p.m. IST on Monday, February 13, 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 6280 1141 / 7115 8
Slide 29: About TCPL Packaging Limited and contact details
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 solutions
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