Slide 1: Cover letter to stock exchanges
CFL/SE/2023-24/NOV/07 November 08, 2023 The Manager (Listing) The Manager (Listing) BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Plot no. C/1, G Block, Mumbai-400 001 Bandra – Kurla Complex Scrip Code: 508814 Mumbai-400 051 Security ID: “
Slide 2: A Perspective
A Perspective November 2023 Speciality Films, Speciality Chemicals, Rigid Packaging & Petcare Flexible Packaging I Lamination I Labeling I Synthetic Paper I Speciality Chemicals I Plastech I Sunshield I D2C Petcare (Zigly)
Slide 3: Disclaimer
Disclaimer Certain statements in this presentation are forward-looking statements. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results or occurrences. Actual results other f
Slide 4: Discussion Summary
Discussion Summary Cosmo First – An Overview September 2023 Quarter Performance Snapshot Strategic Perspective Our Businesses: Films Business Specialty Chemicals D2C Petcare – Zigly Financials Overview ESG Focus
Slide 5: Company Overview
Company Overview Strong History & Leading Position Global Leader in some Specialty Segments Unique Proposition Established in 1981, Cosmo Films World’s largest producer of thermal Uniquely positioned with good mix of Ltd.is the pioneer of BOPP Films lamination films. specialty/semi specialty (
Slide 6: Company Overview – Why COSMO FIRST & Businesses
Company Overview – Why COSMO FIRST & Businesses Why Named “Cosmo First” Business Pioneer of BOPP films Industry in India Known for launching Innovative Speciality films focused business with Speciality Films first in India target to sell 80% BOPP based volume of speciality films by FY25 First
Slide 7: Company Overview - Key Milestones
Company Overview - Key Milestones ►Established in 1981, Cosmo Films Ltd.is ►2012: 2nd ►Petcare ►2016: CPP line-1 the pioneer of BOPP Films Industry in coating line ►Speciality Chemicals ►2017: 10th BOPP India; ►2013: 9th line ►Today leading Specialty film player BOPP line 2022 ►2010: 2nd globally an
Slide 8: Speciality & Semi Speciality Growth and Margins
Speciality & Semi Speciality Growth and Margins Expanding Speciality & Semi-Speciality films portfolio (high margin category) (H1’FY24 65% volume; 13% CAGR over last 4.5 years). Target 80%+ volume from Speciality & Semi Speciality segment by 2025. 120% 80 70 100% 60 80% 38% 62% 52% 65% 50 43% 60
Slide 9: September 2023 Quarter Results Update
SEPTEMBER 2023 QUARTER RESULTS UPDATE
Slide 10: September 2023 Quarter - Performance Snapshot
September 2023 Quarter - Performance Snapshot INR Cr Unaudited Q2 FY 23-24 Unaudited Q1 FY 23-24 Unaudited Q2 FY 22-23 Particulars Standalone Consolidated Standalone Consolidated Standalone Consolidated Net Sales 617 664 602 658 725 778 EBITDA 71 72 46 55 117 124 EBITDA % 11.5% 10.9% 7.7% 8.4% 16.2%
Slide 11: September 2023 Quarter - Performance Snapshot (Management Commentary)
September 2023 Quarter - Performance Snapshot Management Commentary Continues With an objective to rationalize cost, the Company is in process of shifting extrusion coating plant from South Korea to India and has carried out operational restructuring in South Korea in Q2, FY24. Consequently, the c
Slide 12: Strategic Perspective
STRATEGIC PERSPECTIVE <} Cosmo First Ahead Abvays www.cosmofirst.co! BRL, zigty BG btn)
Slide 13: Why Cosmo First ?
Why Cosmo First ? Company with diversified businesses with target 20% CAGR topline growth in next 3 years coupled with commensurate return growth Potential high Growth Engines include Speciality Films, Speciality Chemicals and a digital first, D2C Petcare business Speciality Films: Expanding
Slide 14: Key Capex to Fuel Growth
Key Capex to Fuel Growth Films Business: Estimated Annual Estimated S.No. Capex Project Capex Capacity Commercial (INR Crs) (MT) Production by 1 BOPP Line (World’s Largest Line) 350 67,000 H1’FY 2026 2 CPP Films Line (World’s Largest Line) 140 25,000 H1’FY 2025 Total 490 Other Businesses: Speciali
Slide 15: Business Overview: Films Business
BUSINESS OVERVIEW “FILMS BUSINESS”
Slide 16: Films Business-India Industry Dynamics & Capex Strategy
Films Business-India Industry Dynamics & Capex Strategy Data Source: AMI/PCI/Other Independent Research and Industry Sources
Slide 17: Films Business - Speciality Films Product Portfolio
Films Business - Speciality Films Product Portfolio PACKAGING FILMS LAMINATION FILMS LABEL FILMS INDUSTRIAL FILMS o Print & Pouching Films o Thermal Lamination & Wet o Pressure Sensitive Label o Synthetic paper o Tape & Textile Films Lamination stock films o Cable Overwrap o Barrier Films o Special
Slide 18: Speciality Films Focus
Speciality Films Focus Grow Speciality portfolio by volume from Key Speciality Products: 65% in H1, FY24 to 80%+ by 2025 Globally among top four players in BOPP Speciality films Speciality Label Films – Second largest player in the World Each 1% shift in Speciality adds EBITDA Thermal La
Slide 19: Speciality Films: Specialized BOPET Line
Speciality Films: Specialized BOPET Line (H2, FY23) Worlds’ largest line for Shrink Labels and Heat Control Films Shrink Labels – global market @ 130k MT Opportunity in India to convert non-recyclable PVC film market (30k MT) Project estimated cost INR 450 crores (with value added assets) wi
Slide 20: Focus on R&D and innovation to fuel next phase of growth
Focus on R&D and innovation to fuel next phase of growth Infrastructure Innovative Product Launches Direct Thermal Printable Film: Film specially designed for niche applications like information labelling (airport baggage tags), inventory tracking, frozen food R&D labs with most sophisticated la
Slide 21: Films Business - Manufacturing Footprints & Offices
Films Business - Manufacturing Footprints & Offices
Slide 22: Films Business – Customers/Brands we Serve
Films Business – Customers/Brands we Serve Company stands as a trusted partner to a prestigious portfolio of large blue chip companies and renowned brands. Extensive reach and strong relationships within the industry have positioned us as a key supplier of high-quality materials. This underscores
Slide 23: Business Overview: Speciality Chemicals Business
BUSINESS OVERVIEW “SPECIALITY CHEMICALS BUSINESS” Specialty Chemicals Masterbatches Adhesives Coating Chemicals (Capacity- 10K MT) (Capacity- 2.5K MT) (Capacity- 5K MT)
Slide 24: Specialty Chemicals
Specialty Chemicals Masterbatches Adhesives India Industry size is 500k mt. Adhesive is planned to kick start from H2’FY23 Industry growing by 11% pa. Global Industry USD 52 billion (5% growth Masterbatch is a concentrated mixture of rate) pigments and additives used for imparting India
Slide 25: Business Overview: D2C Petcare Under Brand Zigly
BUSINESS OVERVIEW D2C PETCARE UNDER BRAND “ZIGLY” Indian Petcare Market Rs 12500 25% Cr Rs Rs 5100 3000 19% Cr Cr FY 2020 FY 2023 FY 2027 Pet penetration in developed markets like US & UK is more then 68% and growing. The Pet care market in India is booming with • ~25% Projected Annual Growth • ~32M
Slide 26: Zigly - Business Model
Zigly - Business Model Retail outlets Own E-commerce Service Other Marketplace website and App Marketplace Private label One Stop solution retail available on Amazon outlets offering 5000+ SKUs Acting as an Products available on website Grooming aggregator for panel of Van Veterinary groomers and tr
Slide 27: Petcare Vertical (Zigly) Plan
Petcare Vertical (Zigly) Plan India Petcare industry INR 5k crores (25% expected growth rate) Smaller families, rising income levels and limited social lives (especially post Covid-19) No large scale organized players in India offering end to end comprehensive solution Average spending on pe
Slide 28: Zigly – Key Tractions
Zigly – Key Tractions 13 Cr 4 cr 26K + 5000+ GMV (FY’23) Current Monthly Customers served with 6k+ SKUs available GMV Zigly Pro members App 31% 220K + 1 lac + First Petcare app Q2’FY24 Repeat Customers database Social Media customers followers
Slide 29: Financial Overview
<} Cosmo First Ahead Abvays Financial Overview cosmo + www.cosmofirst.com OurBusinesses: {JF COSMOFILUS QE. zigKy
Slide 30: FY22-23 - Performance Snapshot
FY22-23 - Performance Snapshot INR Crores Audited FY 20-21 Audited FY 21-22 Audited FY 22-23 Particulars Standalone Consolidated Standalone Consolidated Standalone Consolidated Net Sales 2,083 2,285 2,824 3,038 2,742 3,063 EBIDTA 398 430 526 620 396 434 EBIDTA % 19% 19% 19% 20% 14% 14% PBT 305 329 4
Slide 31: Key Financial Snapshot
Key Financial Snapshot Net-Worth and Book-Value per share 1,298 ROCE % 1,191 854 29% 680 741 22% 573 620 16% 456 443 14% 381 258 305 483 9% 156 199 216 237 131 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 Global Net Worth (INR Crores) Boo
Slide 32: Leverage Profile
Leverage Profile Strong financials with continuing Capex. Net debt/EBITDA 1.7 times and net debt to equity at 0.4 times (Sept 2023) Net Debt (INR Cr) 800 727 584 600 502 438 434 400 303 200 - Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Sep-23
Slide 33: Shareholding Pattern – September 2023
Shareholding Pattern – September 2023 1.19 Top Non-Promoter Shareholding – 30th Sept 2023 Promoter and Promoter Group 1 Shivani Tejas Trivedi 0.97% Institutional 49.16 45.04 2 Aequitas Equity Scheme I 0.80% Non Institutional Acadian Emerging Markets Small Capp 3 0.71% Equity Fund LLC Cosmo Films ESO
Slide 34: ESG and Sustainability Initiatives
ESG and Sustainability Initiatives CareEdge “GOOD” ESG Rating
Slide 35: Sustainable Manufacturing and Product Practices
Sustainable Manufacturing and Product Practices Product Practices Manufacturing Practices Offering mono-material poly-olefin films for Recycling of manufacturing waste for further film ease of recycling. Production (about 95%) Designed heat resistant BOPP films replacing 5% reduction in carb
Slide 36: Board of Directors
Board of Directors Mr. Pratip Chaudhuri Mr. Ashok Jaipuria Non-Executive & Non Independent Director Chairman & Managing Director Extensive experience in the fields of Corporate Finance, Treasury, A first generation entrepreneur with over forty Asset Management and International Banking. years of exp
Slide 37: Leadership Team
Leadership Team Mr. Kulbhushan Malik Business Head- Cosmo Films Over 24 years of experience in the areas of Business & Strategy Management, Sales and Financial management. Mr. Pankaj Poddar Group Chief Executive Officer Over 27 years of experience in Mr. Sanjay Chincholikar finance, advisory and var
Slide 38: ESG Snapshot
ESG Snapshot Environmental Social Governance
Slide 39: CSR Milestones (2008-2023)
CSR Milestones (2008-2023) Weaucnien Sanitation 43 Schools Enrolled 24 Computer Labs 62,000 Students Impacted Health and Covid 40 one Scholarship 46 Computer Awards 4 T1 senoote Rain Water Harvesting ‘s, 38400 170000 31104 Cooked Meals 10000+ Grocery Vaccination 2 tor 43 institutions Hygiene kits T5
Slide 40: Awards and Accolades
Awards and Accolades FY 2023-24 • Grabbed the IFCA Star Awards 2023 in the innovative category for “Super Barrier BOPP Film (18HST-2 SB) MO)” and ‘High Puncture Resistant BOPP Film” FY 2022-23 • Featured as one of the Top 10 Companies from India in Forbes Asia Best under A Billion 2022 list • Ranked
Slide 41: Thank You
Thank You For more information, please contact: Cosmo First Ltd. Mr. Neeraj Jain Group Chief Financial Officer Email ID: neeraj.jain@cosmofirst.com; sachin.goel@cosmofirst.com Adfactors PR Pvt. Ltd. Aashvi Shah / Snighter Albuquerque Tel: +91 98210 43389/ +91 9819123804 Email: aashvi.shah@adfactorsp