Varun Beverages Ltd. · NSE:VBL
Varun Beverages — Q1 CY2021 Earnings Presentation
18 slides from Varun Beverages's earnings presentation, May 3, 2021
Slide 1: Regulation 30 filing cover letter to stock exchanges
May 3, 2021 To, National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Block G, C/1, Bandra Kurla Phiroze Jeejeebhoy Towers Complex, Bandra (E), Mumbai – 400 051 Dalal Street, Mumbai – 400 001 Email: cmlist@nse.co.in Email: corp.relations@bseindia.com Symbol: VBL Security Code: 540180 Sub
Slide 2: Varun Beverages Limited Q1 CY2021 Results Presentation
May 3, 2021 (a PepsiCo franchisee) Varun Beverages Limited Q1 CY2021 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 Content
Table of Content (a PepsiCo franchisee) 1 Company Overview 2 Chairman’s Message 3 Q1 CY2021 Results Overview 4 Sustainability Initiatives 5 Performance Highlights 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 ~81% to revenues; 3 in Africa (Morocco, Zambia, Zimbabwe) contribute ~19% for fiscal year 2020 Over 29 years st
Slide 6: Brands licensed to VBL
Brands licensed to VBL (a PepsiCo franchisee) Brands licensed by PepsiCo: Dairy Based Drinks * Carbonated Soft Drinks Mango Shake Carbonated Juice Based Drinks Energy Drink Club Soda Ice Tea Cold Coffee Fruit Pulp / Juice Based Drinks Sports Drink Packaged Water Belgian Choco Shake * Note: “CreamBel
Slide 7: Symbiotic Relationship with PepsiCo
Symbiotic Relationship with PepsiCo (a PepsiCo franchisee) VBL – Demand Delivery PepsiCo – Demand Creation 29 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 (PepsiCo) Materials Bottling 37 state-of-the-art production facilities SOLID INRASTRUCTURE 90+ depots DISTRUBUTION & WAREHOUSING 2,500+ o
Slide 9: Chairman's Message
Chairman’s Message (a PepsiCo franchisee) Commenting on the performance for Q1 CY2021, Mr. Ravi Jaipuria, Chairman – Varun Beverages Limited said, “We have started the year 2021 on a healthy note delivering progressive performance across parameters in Q1. The Company registered a strong volume growt
Slide 10: Performance Highlights (Q1 CY2021, CY2020 and CY2019)
Performance Highlights (Q1 CY 2021, CY 2020 and CY 2019) (a PepsiCo franchisee) Net Sales EBITDA PAT (24.3%) (9.5%) (17.0%) 4,722 33.7% 71,296 40.7% 127.7% 64,501 14,477 Rs. million 3,573 Rs. million Rs. million 12,019 20.3% 22,409 2,712 3,816 1,368 16,764 18.6% 601 16.2% 17.0% Q1 2020 Q1 2021 2019
Slide 11: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement (a PepsiCo franchisee) Particulars (Rs. million) Q1 2021 Q1 2020 YoY(%) 2020 2019 YoY (%) 1. Income (a) Revenue from operations 22,698.8 16,992.5 33.6% 65,557.9 72,484.6 -9.6% (b) Excise Duty 289.9 228.1 27.0% 1,056.5 1,188.8 -11.1% Net Revenues 22,408.9 16,764.4
Slide 12: Discussion on Financial & Operational Performance
Discussion on Financial & Operational Performance (a PepsiCo franchisee) Net Revenues / Sales Volumes • Company witnessed robust consolidated organic volume growth of 24.7% in Q1CY2021 over Q1CY2019 leading to a 2yr CAGR of 11.7%. • Total sales volume grew by 32.8% to 151 million cases in Q1 CY2021
Slide 13: Sustainability Initiatives – PET Recycling
Sustainability Initiatives – PET Recycling (a PepsiCo franchisee) VBL consumed ~ 66,000 MT PET for its finished product in CY20. These are high quality food grade virgin PET chips which can be easily recycled to make various products for diverse industries and end uses. VBL has engaged with GEM Envi
Slide 14: Sustainability Initiatives – VBL's Water Positive Balance
Sustainability Initiatives – VBL’s Water Positive Balance (a PepsiCo franchisee) Key findings of the report: VBL engaged TUV India Pvt. Ltd. for company’s water Parameter Jan’20-Dec’20 Jan’19-Dec’19 footprint assurance. wherein, water mass balance and its (Audited) (Audited) various initiatives towa
Slide 15: Performance Highlights (2016–2020)
Performance Highlights (2016 –2020) (a PepsiCo franchisee) Revenue PAT PAT Margins 71,296 5,500 15% CAGR (2016-20) – 13.8% 64,501 4,722 CAGR (2016-20) – 24.0% 13% 4,500 Rs. million Rs. million 51,053 3,573 2,999 11% 38,520 40,034 3,500 9% 2,500 2,141 7% 1,513 5% 1,500 6.6% 5.3% 5.9% 5.5% 3% 500 3.9%
Slide 16: Conference Call Details
Conference Call Details (a PepsiCo franchisee) Varun Beverages Limited (VBL) Q1 CY 2021 Earnings Conference Call Time • 04:00 pm IST on May 3, 2021 Conference dial-in Primary number • +91 22 6280 1141 / +91 22 7115 8042 International Toll Free Number • Hong Kong: 800 964 448 • Singapore: 800 101 204
Slide 17: 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 18: Thank You!
Thank You!