Tcpl Packaging Limited · NSE:TCPLPACK
Tcpl Packaging — Q4 FY2024 Earnings Presentation
35 slides from Tcpl Packaging's earnings presentation, May 28, 2024
Slide 1: Exchange filing cover letter
28th May 2024 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:- Earni
Slide 2: Q4 & FY2024 Earnings Presentation
Q4 & FY2024 Earnings Presentation 28 May 2024
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: Q4 FY24 - Key Financial Highlights Consolidated
Q4 FY24 - Key Financial Highlights Consolidated Total Revenues (Rs. Cr.) EBITDA (Rs. Cr.) Cash Profit (Rs. Cr.) 56.5 392.6 400.5 70.4 52.5 63.6 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 Shift % (Y-o-Y) 2.0% Shift % (Y-o-Y) 10.6% Shift % (Y-o-Y) 7.7% Margins (%) Margins (%) 16.2% 17.6% 13.4% 14
Slide 5: Q4 FY24 - Key Financial Highlights Standalone
Q4 FY24 - Key Financial Highlights Standalone Total Revenues (Rs. Cr.) EBITDA (Rs. Cr.) Cash Profit (Rs. Cr.) 65.7 66.3 381.0 382.8 57.6 54.5 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 Shift % (Y-o-Y) 0.5% Shift % (Y-o-Y) 0.9% Shift % (Y-o-Y) 5.8% Margins (%) Margins (%) 17.2% 17.3% 14.3% 15.1%
Slide 6: Management Message
Commenting on the performance for Q4 & FY2024 Mr. Saket Kanoria, Managing Director, TCPL Packaging Limited said Management "TCPL has delivered a steady performance despite the challenging market conditions witnessed Message during the year. Our consolidated total revenues for FY24 grew by 5% to Rs.
Slide 7: Key Developments
Key Developments Strengthening the Board with Addition of a New Independent Director Appointed Mr. Ashish Razdan as a Non-Executive Independent Director ❑ Mr. Razdan is a Partner at M/s. Khaitan & Co., a top-tier law firm ❑ He specializes in advising foreign and Indian corporations, private equity a
Slide 8: Key Developments
Key Developments TCPL Plans to Establish a Greenfield Facility in Southern India ❑ A strategic expansion aimed at enhancing the Company's PAN India presence and improving its capability to serve both new and existing customers *Haridwar ❑ Facility to be positioned near Chennai city, close to major i
Slide 9: Awards & Accolades Received in FY24
Awards & Accolades Received in FY24 ❑ TCPL received accolades at the SIES SOP Star Awards 2023 for Excellence in Printing, hosted by SIES School of Packaging in March 2024. The company secured multiple awards across both Folding Carton and Flexible Packaging categories for a range of products – o In
Slide 10: Awards & Accolades Received in FY24
Awards & Accolades Received in FY24 ❑ TCPL received praise from esteemed customer Kenvue (formerly Johnson & Johnson) for maintaining zero non-conformities over three years (2021-2023), showcasing its commitment to quality. ❑ This achievement underscores TCPL's dedication to industry standards and o
Slide 11: Awards & Accolades Received in FY24
Awards & Accolades Received in FY24 TCPL has earned recognition from The Financial ❑ TCPL was honored at the All India Federation of Master Times and Statista as one of the rapidly Printers (AIFMP) award ceremony in February 2024, earning expanding enterprises in the Asia Pacific region recognition
Slide 12: Awards & Accolades Received in FY24
Awards & Accolades Received in FY24 ❑ TCPL won six awards at the “IFCA Awards 2023” organised by The Indian Flexible Packaging & Folding Carton Manufacturers Association (IFCA) under various categories. Names of SKU’s which won the awards are given below– • In Folding Carton Category: • Cavin Kare M
Slide 13: Consolidated P&L Statement
Consolidated P&L Statement Y-o-Y Change Y-o-Y Change Particulars (Rs. crore) Q4 FY24 Q4 FY23 FY24 FY23 (%) (%) Revenues from Operations 393.4 383.4 2.6% 1,512.8 1,442.2 4.9% Other Operating Income 7.1 9.2 -22.5% 28.6 32.7 -12.5% Total Revenues 400.5 392.6 2.0% 1,541.4 1,474.9 4.5% Total Expenditure
Slide 14: Standalone P&L Statement
Standalone P&L Statement Y-o-Y Change Y-o-Y Change Particulars (Rs. crore) Q4 FY24 Q4 FY23 FY24 FY23 (%) (%) Revenues from Operations 375.9 372.6 0.9% 1,458.2 1,400.0 4.2% Other Operating Income 6.9 8.4 -18.2% 27.7 31.8 -13.0% Total Revenues 382.8 381.0 0.5% 1,485.9 1,431.9 3.8% Total Expenditure •
Slide 15: FY24: Financial & Operational Discussions (Y-o-Y)
FY24: Financial & Operational Discussions (Y-o-Y) Total Revenues On a consolidated level, total revenues reached Rs. 1,541.4 crore, marking a 5% increase from Rs. 1,474.9 crore in the previous period ❑ TCPL has shown remarkable resilience over recent quarters, successfully navigating challenges in t
Slide 16: Balance Sheet Snapshot – Consolidated
Balance Sheet Snapshot – Consolidated Rs. 525.7 Rs. 1,014.9 Rs. 1,036.0 Crore Crore Crore Net-worth Capital Employed Fixed Assets (Gross) Rs. 24.6 Rs. 464.4 85 Crore Crore Days Cash & Investments Net Debt Net Working Capital Days Note: As on 31st March 2024 15
Slide 17: Company Overview
TSOPL’ packaging limited \ Qircrer) VWWOFILIAS PVT LTD)
Slide 18: At a Glance
At a Glance TCPL – One of India’s leading producers of sustainable packaging solutions for customers across industries 33 YEARS 1,541 (RS. CRORE) 206 (RS. CRORE) 8 ~2,200 Of providing an array of Revenue Cash Profit Manufacturing Employees packaging solutions (FY24) (FY24) units (FY24) 17% 15% 13% 1
Slide 19: Business Overview
Business Overview ❑ 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,
Slide 20: Folding Carton Division
Folding Carton Division ❑ 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 an
Slide 21: Flexible Packaging Division
Flexible Packaging Division ❑ 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 LAMIN
Slide 22: Pillars of Strength
Pillars of Strength 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
Slide 23: Pan-India Presence
Pan-India Presence 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 me
Slide 24: Expanding Global Footprint
Expanding Global Footprint Revenue Break-Up Exports 32% Domestic 68% Export Revenue stood at Rs. 460 crore for FY24 “As a ‘Star Export House’, TCPL offers exemplary value to its clients along with world-class quality and service” 23
Slide 25: Marquee Clients
Marquee Clients Electronics, Pharma & Others FMCG FMCG Liquor Food & Beverages “Enables leading companies across industries identify the right packaging solutions” 24
Slide 26: Sustainable Packaging – Renewable, Recyclable and Compostable
Sustainable Packaging – Renewable, Recyclable and Compostable ❑ 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 Renewa
Slide 27: Sustainability Initiatives – Paperboard
Sustainability Initiatives – Paperboard 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 biodegra
Slide 28: Sustainability Initiatives – Paperboard
Sustainability Initiatives – Paperboard 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
Slide 29: Investments towards driving higher sustainability in Flexible packaging
Investments towards driving higher sustainability in Flexible packaging 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) spec
Slide 30: Key Growth Levers
Key Growth Levers 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 I
Slide 31: COPPL Acquisition – Enters high potential rigid boxes segment
COPPL Acquisition – Enters high potential rigid boxes segment Update on Creative Offset Printer Private Limited (COPPL) Since both companies have production facilities in ❑ TCPL now holds 100% stake in COPPL close proximity, TCPL aims to capitalize from key synergies, like cost rationalization & opt
Slide 32: Annexure
Annexure 31
Slide 33: Conference Call Details
Conference Call Details Q4 & FY2024 Earnings Conference Call Time • 5:00 p.m. IST on Wednesday, May 29, 2024 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
Slide 34: About Us
About Us TCPL Packaging Limited (TCPL) (BSE: 523301, NSE: TCPLPACK), For further information, please contact: is 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 s
Slide 35: Thank You
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