Slide 1: Revised Investor Presentation cover letter to exchanges
August 14, 2024 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C/1, Block G, Dalal Street, Mumbai - 400001 Bandra-Kurla Complex, Bandra (E), Mumbai - 400051 Scrip Code: 500135 Trading Symbol: EPL Sub. : Revised Investor Presentation - EPL Limited (“Co
Slide 2: EPL Limited Q1FY25 Earnings Presentation
EPL LIMITED (Formerly known as Essel Propack Limited) Q1FY25 Earnings Presentation 1 1
Slide 3: Safe Harbour
Safe Harbour Certain statements in this presentation concerning our future growth prospects are forward-looking statements. The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in such f
Slide 4: Key topics
Key topics • Q1FY25 Highlights and Financial Performance • Update on Key Initiatives • Growth Drivers • Sustainability: Product, Process, People • Awards and Recognition • Looking Ahead • Appendix EPL Limited Q1FY25 Earnings Presentation 3
Slide 5: Q1FY25 Highlights – Double digit revenue growth with continued EBITDA expansion
Q1FY25 Highlights – Double digit revenue growth with continued EBITDA expansion 1 Double digit revenue growth at 10.7%. All regions delivered strong growth. Continued EBITDA margin improvement with Q1FY25 margin at 19.1%, an expansion of 160 bps YoY. 2 Absolute EBITDA grew by 20.8% YoY 3 Adjusted PA
Slide 6: Q1FY25 Consolidated Financial Highlights
Q1FY25 Consolidated Financial Highlights (INR million) Revenue from Operations EBITDA and EBITDA Margins EBIT and EBIT Margins 10,074 17.5% 19.1% 8.7% 10.8% 9,102 1,921 1,085 10.7% 1,590 790 20.8% 37.3% Q1FY24 Q1FY25 Q1FY24 Q1FY25 Q1FY24 Q1FY25 PAT and EPS (adjusted)* Net Debt and Net Debt/ LTM EBIT
Slide 7: EPL – Capital Efficient, Sustainable Revenue and EBITDA Growth
EPL – Capital Efficient, Sustainable Revenue and EBITDA Growth (INR million) Q1FY24 Q1FY25 Growth Revenue 9,102 10,074 10.7% Growth EBITDA 1,590 1,921 20.8% EPS (INR) (adjusted) 2.02 35.6% 1.49 As of Mar 24 As of Jun 24 ROCE 15.9% 14.7% Capital Efficiency Net Debt 6,026 5,039 FY24 Q1FY25 Capex 3,746
Slide 8: Adjusted PAT walk - one offs
Adjusted PAT walk - one offs (INR million) Adjustments Q1FY24 Q1FY25 Growth Reported PAT 543 642 18.2% One off Tax Refund -69 - PAT Excluding Exceptional Items and One offs 474 642 35.4% EPL Limited Q1FY25 Earnings Presentation 7 7
Slide 9: Continued EBITDA margin improvement in Q1FY25
Continued EBITDA* margin improvement in Q1FY25; margin improvement of 160 bps YoY EBITDA: 7143Mn Margin: EBITDA: 5991Mn 20.0% 19.1% 2,500 Margin: 16.2% Margin: 18.2% 1,921 19.0% 1,834 1,909 1,810 2,000 1,566 1,639 1,590 18.0% 1,530 1,256 1,500 17.0% 1,000 16.0% 15.0% 500 14.0% - Q1 FY23 Q2 FY23 Q3 F
Slide 10: Key topics
Key topics • Q1FY25 Highlights and Financial Performance Quarterly financial performance in the following slides is based on company performance including Brazil operations. • Update on Key Initiatives • Growth Drivers • Sustainability: Product, Process, People • Awards and Recognition • Looking Ahe
Slide 11: Update on Growth Drivers
Update on Growth Drivers 1 B&C Performance: Strong momentum in EAP and Americas, supported by backend and front-end capabilities. Continuous innovation driving progress in acquiring new customers. 2 Oral Growth: Growth momentum driven by good organic demand and wallet share gain with a few customers
Slide 12: 'Personal Care & beyond' category contribution stood at 47% in Q1FY25
‘Personal Care & beyond’* category contribution stood at 47% in Q1FY25 ‘Personal Care & beyond’* contribution to Tube Revenue 47% 47% 47% 45% 46% 46% 43% 41% FY18 FY19 FY20 FY21 FY22 FY23 FY24 Q1FY25 ‘Personal Care & beyond’* revenue growth higher than Oral Care EPL Limited * ‘Personal Care and beyo
Slide 13: 'Personal Care & beyond' category has grown at a 13% CAGR
‘Personal Care & beyond’ * category has grown at a 13% CAGR over the last 14 years and continues to be the major growth driver for EPL ‘Personal Care & beyond’* Revenue (INR million) Growth 6.1% YoY 15,947 17,242 11,206 12,852 14,291 2,980 8,254 4,382 Sub categories FY11 FY15 FY20 FY21 FY22 FY23 FY
Slide 14: Established Global Leadership in Oral Care
Established Global Leadership in Oral Care with the segment demonstrating steady long-term revenue growth at a CAGR of 9.0% Oral Care Revenue (INR million) Growth 18,300 19,212 15% Y-o-Y 15,170 16,720 11,764 12,748 13,809 9,203 5,823 4,973 FY11 FY13 FY15 FY17 FY20 FY21 FY22 FY23 FY24 Q1FY25 Customer
Slide 15: Sustained momentum on new business wins: sustainability
Sustained momentum on new business wins through innovation and sustainable offerings Strengthening Sustainability Colgate Maxfresh and Sensitive Base & Joy Face Wash in Platina Recyclable Tubes Sensodyne Toothpaste in Platina Clove in Platina Pro. by RSH Global for Haleon China EPL Limited Q1FY25 Ea
Slide 16: Sustained momentum on new business wins: new innovations
Sustained momentum on new business wins through innovation and sustainable offerings New Innovations Dual chamber hand cream Tube in tube facial cleanser Eyebrow glue with a unique brush Special shaped hand cream applicator EPL Limited Q1FY25 Earnings Presentation 15
Slide 17: Sustainability: Scaling Up Recyclable Volumes
Sustainability: Scaling Up Recyclable Volumes with Continuous Improvement Product Sustainability Process Sustainability Platina set as a benchmark for sustainable solutions, EPL achieved Green rating ( Positive progress) on Ellen achieving market success across all categories with MacArthur Foun
Slide 18: People Sustainability: Embracing Corporate Social Responsibility
People Sustainability: Embracing Corporate Social Responsibility Our CSR vision is in alignment with the overall EPL ambition of becoming the most sustainable packaging company in the world. All CSR actions are a step further towards “Greening Lives” by enabling its employees, customers, communities
Slide 19: Key topics
Key topics • Q1FY25 Highlights and Financial Performance Quarterly financial performance in the following slides is based on company performance including Brazil operations. • Update on Key Initiatives • Growth Drivers • Sustainability: Product, Process, People • Awards and Recognition • Looking Ahe
Slide 20: Awards: Celebrating Excellence in Innovation, People Practices, and CSR
Awards: Celebrating Excellence in Innovation, People Practices, and Corporate Social Responsibility CDP Supplier Engagement Rating “A”, Quality Leader of the Year- Jayesh SIES SOP Awards for innovation in tubes maintained for 3 consecutive years EPL Limited Q1FY25 Earnings Presentation 19 19
Slide 21: Key topics
Key topics • Q1FY25 Highlights and Financial Performance Quarterly financial performance in the following slides is based on company performance including Brazil operations. • Update on Key Initiatives • Growth Drivers • Sustainability: Product, Process, People • Awards and Recognition • Looking Ahe
Slide 22: Looking Ahead: Sustain Double Digit Growth with 20%+ margins
Looking Ahead: Sustain Double Digit Growth with 20%+ margins Sustained Double Digit Sustainability led Continued Margin Expansion Revenue Growth Competitive Advantage to deliver 20%+ EBITDA • Strong Product portfolio with • Aggressive ‘Personal Care & • Strategic Price Management backend capability
Slide 23: Key topics
Key topics • Q1FY25 Highlights and Financial Performance Quarterly financial performance in the following slides is based on company performance including Brazil operations. • Update on Key Initiatives • Growth Drivers • Sustainability: Product, Process, People • Awards and Recognition • Looking Ahe
Slide 24: Q1FY25 Performance – AMESA and EAP
Q1FY25 Performance – AMESA and EAP (INR million) AMESA Particulars Q1FY24 Q1FY25 % change Revenue 3,358 3,677 9.5% EBITDA 677 700 3.4% • India Standalone revenue growth at 8.6% EBITDA % 20.2% 19.0% • EBITDA Margin at 17.9% (-168 bps YoY) EBIT 365 431 18.1% • EBITDA decline by -0.7% vs PY • EBIT incr
Slide 25: Q1FY25 Performance – Americas and Europe
Q1FY25 Performance – Americas and Europe (INR million) Americas Particulars Q1FY24 Q1FY25 % change Revenue 2,178 2,589 18.9% EBITDA 210 408 94.3% EBITDA % 9.6% 15.8% EBIT 24 169 604.2% EBIT % 1.1% 6.5% Europe Particulars Q1FY24 Q1FY25 % change Revenue 2,125 2,316 9.0% EBITDA 239 314 31.4% EBITDA % 1
Slide 26: Polymer and aluminium foil price trends
Polymer prices comparatively stable in last 2 quarters, aluminum foil witnesses a marginal change Polymer INR/kg Aluminium Foil INR/kg 160 290 140 240 120 190 100 140 80 90 60 40 40 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25
Slide 27: About EPL
About EPL (Formerly known as Essel Propack Limited) EPL Limited Q1FY25 Earnings Presentation 26 26
Slide 28: EPL: Company Overview
EPL: Company Overview Oral Beauty & Cosmetics Pharma Home Industrial 11 5 Countries with Categories Served* 21 operational presence 3500+ State of the Art Employees Manufacturing Facilities Globally Germany 8bn+ USA Poland 25 Tubes Supplied Nationalities Annually UK* Represented Europe AMESA 21% of
Slide 29: EPL Caters to Marquee Customers Across Trillion Dollar Categories
EPL Caters to Marquee Customers Across Trillion Dollar Categories Tube revenue split (Q1 FY 25) Others, Pharma 4% , 9% Beauty & Oral Cosmetics, Care, 34% 53% ‘Personal Care & beyond’*, 47% EPL Limited * ‘Personal Care and beyond’ includes Beauty & Cosmetics, Pharma etc Q1FY25 Earnings Presentation 2
Slide 30: About EPL
About EPL EPL is the largest global specialty packaging company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space. Employing over 3,500+ people representing over 25 different nationalities, EPL functions in eleven countries through 21 state of the art facilities, and is co
Slide 31: Thank You
Thank You Corporate Office EPL LIMITED @Epl_limited Top Floor, Times Tower, Kamala City, Senapati Bapat Marg, Lower Parel, epl-limited Mumbai – 400 013, Maharashtra, India. Telephone: 022 24819000 epl_limited Website: https://www.eplglobal.com CIN:L7495MH1982PLC028947 30