Godrej Consumer Products Limited · NSE:GODREJCP
Godrej Consumer Products — Q4 FY2023 Earnings Presentation
29 slides from Godrej Consumer Products's earnings presentation, May 10, 2023
Slide 1: Stock exchange cover letter: Investor and Analyst Presentation
Godrej Consumer Products Ltd. Regd. Office: Godrej One, 4th Floor, Pirojshanagar, Eastern Express Highway, Vikhroli (E), Mumbai - 400 079, India. Tel : +91-22-2518 8010/8020/8030 Fax : +91-22-2518 8040 Website : www.godrejcp.com CIN : L24246MH2000PLC129806 May 10, 2023 BSE Limited Corporate Relation
Slide 2: Q4FY2023 Investor and Analyst Performance Update
Q4FY2023 Investor and Analyst Performance Update May 10, 2023
Slide 3: Disclaimer
Disclaimer Some of the statements in this communication may be forward looking within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could affect the Company’s operations include changes in the in
Slide 4: Our purpose and strategy
Our purpose and strategy Environmental, Business Purpose social, and aspiration governance (ESG) Bring the goodness of Drive penetration-led Become sustainability leaders, health and beauty to volume growth through influence sustainable consumption, consumers in category development and drive social
Slide 5: Key Highlights
KEY HIGHLIGHTS
Slide 6: Volume led double-digit sales growth with robust margin expansion
Volume led double-digit Consolidated Sales Growth 10% (14% CC) India Sales Growth 12% sales growth with robust Consolidated 6% India 11% margin expansion Volume Growth Volume Growth Consolidated EBITDA Growth 32% India EBITDA Growth 26% 1 Sharp sequential uplift in Underlying Volume Growth: 2 Broad-
Slide 7: Financial Performance Update
FINANCIAL PERFORMANCE UPDATE
Slide 8: Financial performance
Financial performance Consolidated India Growth (year-on-year) Business Business Underlying Volume Growth 6% 11% Net Sales (Reported) 10% 12% Net Sales (CC) 14% - EBITDA 32% 26% EBITDA + Working Media 30% 31% Net Profit (Reported) 24% (2)% Net Profit (Without exceptional and one-off items) 29% 17% 7
Slide 9: Exceptional and One-off Items
Exceptional and One-off Items Consolidated Business Q4 FY2023 Q4 FY2022 Net Profit (Reported) 452 363 Exceptionals (Post tax) Restructuring costs 13.2 0.1 Brand and Goodwill Impairment 4.5 47 Others (0.8) 0.3 Profit from divestment of BBLUNT in India (29.4) Previous year tax reversals in India (37.2)
Slide 10: Double-digit sales growth driven by healthy performance across clusters
Double-digit sales growth driven by healthy performance across clusters Sales Growth Constant Currency Growth Geography ( crore) (Year-on-year) (Year-on-year) India 1,789 12% - Indonesia 434 8% 5% Indonesia ex-Hygiene - 14% 11% Africa, USA and Middle East 770 6% 8% Latin America and SAARC 203 (3%) 6
Slide 11: Healthy quality of profits
Healthy quality of profits Africa, USA Latin America India Indonesia & Middle East & SAARC Q4FY23 Reported EBITDA Margin 26.9% 21.2% 9.8% 8.5% Business support charges, Royalty & (6.4) 1.5 5.0 (0.2) Technical fees ( crore) Q4FY23 Operating EBITDA Margin 26.6% 21.5% 10.4% 8.4% Q4FY22 Operating EBITDA
Slide 12: India Business Update
INDIA BUSINESS UPDATE
Slide 13: Double-digit volume and value growth with robust margin expansion
Double-digit volume and value growth with robust margin expansion Financial performance Operating performance • Double-digit UVG of 11% and USG of 12% • We expect to build on current momentum and deliver volume-led growth driven by upfront marketing • India Branded UVG of 13% and USG of 16% investme
Slide 14: Mid teens growth in both Home Care and Personal Care
Mid teens growth in both Home Care and Personal Care Sales Q4 Growth Category ( crore) (Year-on-year) Home Care 826 14% Personal Care 872 17% Total Branded 1,698 16% Unbranded and Exports 91 (33)% Total Net Sales 1,789 12% Volume Growth _ 11% 13
Slide 15: Home Care (1/2): Household Insecticides growth in upward trajectory
Home Care (1/2): Household Insecticides growth in upward trajectory • Household Insecticides continues to improve growth trajectory with growth in teens • Scaling up distribution of access packs of Goodknight Liquid Vaporizer and HIT No-gas Spray • Performance broad based with both mosquito and non-
Slide 16: Home Care (2/2): Robust double-digit growth in Air Fresheners
Home Care (2/2): Robust double-digit growth in Air Fresheners • Air Fresheners continue to consistently deliver strong double-digit growth • Aer continues to gain share and enjoy market leadership position • Performance led by robust growth in both Aer Pocket and Aer Matic • Continuing category deve
Slide 17: Personal Care (1/2): Double-digit growth in Personal Wash & Hygiene continues
Personal Care (1/2): Double-digit growth in Personal Wash & Hygiene continues • Personal Wash delivers double-digit growth led by healthy volume growth • Continue to gain market share in Personal Wash • Magic Handwash grew double digits in volume terms 21isl::Z-lisl3( • -l-1l~of.* 16
Slide 18: Personal Care (2/2): Consistent double-digit growth in Hair Colour
Personal Care (2/2): Consistent double-digit growth in Hair Colour • Hair Colour continues to consistently deliver strong double-digit growth • Growth led by strong performance across formats • Launched access pack of Godrej Selfie Shampoo Hair Colour at INR 15 predominantly in South market ~~~ ct,c
Slide 19: International Business Update
INTERNATIONAL BUSINESS UPDATE
Slide 20: Core business performance improves in Indonesia
Core business performance improves in Indonesia • Sales growth of 5% (CC); growth ex-Hygiene (Saniter) was 11% (CC) • EBITDA margins at 21.5%, flat year-on-year • Completed transition to distributor model BARU XP. 'ESS ti ,ii Vi i'iU!B,- ii • HIT Goodknight Elektrik. Untuk kenyamanan tidur lelapmu.
Slide 21: Double-digit sales growth momentum in Africa, USA & Middle East impacted due to Nigeria
Double-digit sales growth momentum in Africa, USA & Middle East impacted due to Nigeria • High single-digit sales growth of 8% in CC terms • Performance impacted by election and demonetisation in Nigeria; however, business saw recovery in March 2023 • Continue to drive double-digit growth in FMCG ca
Slide 22: Environmental, Social, and Governance Update
ENVIRONMENTAL, SOCIAL, AND GOVERNANCE UPDATE
Slide 23: Our ESG targets for FY2025 and Q3 FY2023 performance
Our ESG targets for FY2025 and Q3 FY2023 performance Environment* Vision Goals for FY2025 Performance update 6.34 lakh people reached out with our community waste management Influence Ensure efficient waste management systems for 3 municipalities in India projects in 5 municipalities sustainable impa
Slide 24: Our ESG targets for FY2025 and Q3 FY2023 performance
Our ESG targets for FY2025 and Q3 FY2023 performance Environment* Vision Goals for FY2025 Performance update Lead in 45% reduction in GHG emission intensity and carbon neutrality for 48% reduction in GHG emission intensity sustainability Scope 1 and 2 from FY11 baseline action 40% reduction in speci
Slide 25: Our ESG targets for FY2025 and Q3 FY2023 performance
Our ESG targets for FY2025 and Q3 FY2023 performance oOo Social* a=:P Vision Goals for FY2025 Performance update Trained and upskilled 12,698 women beauty entrepreneurs, young girls, and Equip communities Empower 200,000 women in beauty skills, across men in India and Africa in beauty and hair styli
Slide 26: Appendix
APPENDIX
Slide 27: Shareholding pattern
Shareholding pattern First State Others 6.4% DII Blackrock 6.7% Vanguard FII 23.7% Others ---- • GIC Promoters 63.2% Capital Group Government SBI Life Pension Fund Insurance Temasek Kotak UTI As on 31st March, 2023 26
Slide 28: Contact Us
Contact Us Institutional investors Retail investors Tapan Joshi R Shivshankar Email: Tapan.joshi@godrejcp.com Email: r.shivshankar@godrejcp.com Tel: +91 22 2519 5433 Tel: +91 22 2519 4359 27
Slide 29: Thank you
Thank you Ga Voulube ce) www.godrejcp.com Linked {fi a
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