Slide 1: Exchange filing cover letter
20 May 2021 Corporate Service Department The Listing Department BSE Limited National Stock Exchange of India Ltd 25th Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, Dalal Street, Mumbai 400 001 Bandra-Kurla Complex, Bandra (E) Mumbai 400 051 Scrip: Equity 500135. Trading Sy
Slide 2: EPL Limited Q4 FY21 Earnings Presentation
EPL LIMITED (Formerly known as Essel Propack Limited) Q4 FY21 Earnings Presentation
Slide 3: Safe Harbour
EPL Limited Q4FY21 Earnings Presentation 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
Slide 4: EPL 2.0
EPL 2.0 Market Leading Revenue Growth and Capital Efficient, Consistent Earnings Growth 3
Slide 5: FY21 – Transformed EPL to deliver market leading, double digit revenue growth
EPL Limited Q4FY21 Earnings Presentation FY21 – Transformed EPL to deliver market leading, double digit revenue growth 1 Demonstrated resilience in business performance despite impact of Covid-19 • Double digit revenue growth • High teens EPS growth • RoCE improved by 290 bps to 21.3%. 2 Strengthene
Slide 6: Worked Proactively with All Stakeholders to Ensure Business Continuity and Minimize Covid-19 Impact
EPL Limited Q4FY21 Earnings Presentation Worked Proactively with All Stakeholders to Ensure Business Continuity and Minimize Covid-19 Impact Proactively worked with regulatory authorities and customers to classify EPL in Supply All plants the “essential services” category Enablement operational
Slide 7: FY21 - Double digit revenue growth coupled with strong earnings growth
EPL Limited Q4FY21 Earnings Presentation FY21 - Double digit revenue growth coupled with strong earnings growth (INR million) FY20 FY21 Growth Revenue 27,614 30,916 12.0% Growth1 13.4% Adjusted EBITDA 5,709 6,472 Adjusted EPS (INR) 8.89 34.6% 6.60 As of March’20 As of March’21 ROCE2 21.3% 290 bps 18
Slide 8: FY21 Consolidated Financial Highlights
EPL Limited Q4FY21 Earnings Presentation FY21 Consolidated Financial Highlights : Double digit revenue growth coupled with strong earnings growth (INR million) Revenue from Operations EBITDA and EBITDA Margins EBIT and EBIT Margins 20.3% 19.9% 12.0% 12.3% 30,916 5,600 6,155 3,809 3,302 27,614 12.0%
Slide 9: EPL - Double digit revenue growth coupled with strong earnings growth
EPL Limited Q4FY21 Earnings Presentation EPL - Double digit revenue growth coupled with strong earnings growth (INR million) Q4FY20 Q4FY21 Growth Revenue 6,896 8,102 17.5% Growth1 Adjusted EBITDA 1,450 1,527 5.3% Adjusted EPS (INR) 1.64 2.12 29.6% As of March’20 As of March’21 ROCE2 21.3% 290 bps 18
Slide 10: Q4FY21 Consolidated Financial Highlights
EPL Limited Q4FY21 Earnings Presentation Q4FY21 Consolidated Financial Highlights : Strong revenue growth of 17.5% with high teen growth in PAT (INR million) Revenue from Operations EBITDA and EBITDA Margins EBIT and EBIT Margins 20.4% 17.5% 12.1% 10.1% 8,102 836 815 6,896 1,410 0.4% 1,416 17.5% -2.
Slide 11: Unprecedented price increase in key raw materials
EPL Limited Q4FY21 Earnings Presentation Unprecedented price increase in key raw materials Polymer Movement Foil Movement 2600 1850 2400 1650 2200 USD/ MT USD/ MT 1450 2000 1250 1800 1050 1600 850 1400 650 1200 Month Month LLDPE HDPE LME SHFE Source – ICIS M LLDPE and HDPE Index Source – LME and SHF
Slide 12: Holistic EBITDA margin improvement plan in place
EPL Limited Q4FY21 Earnings Presentation Holistic EBITDA margin improvement plan in place Holistic EBITDA margin improvement plan already in place for FY22 through a three-pronged approach: 1 Judicious Price Increases Contractual pass-through in long term contracts has a 3-month lag Price correc
Slide 13: Continued Focus on Capital Efficiency
EPL Limited Q4FY21 Earnings Presentation Continued Focus on Capital Efficiency 2,305 3,040 1,405 1,286 1,760 Prudent Capex Spend.. FY17 FY18 FY19 FY20 FY21 Capital Expenditure (INR million) ..Leading to Reduction 7,035 5,636 4,998 2,760 3,149 in Net Debt FY17 FY18 FY19 FY20 FY21 Net Debt (INR millio
Slide 14: Delivered strong progress across all our identified levers
EPL Limited Q4FY21 Earnings Presentation Delivered strong progress across all our identified levers • Accelerated growth in Personal Care • Continued leadership in Oral Care • Improved Performance in Europe • Industry leadership in eco-friendly solutions 13
Slide 15: Personal Care has grown at a 15.7% CAGR Over the Last Ten Years
EPL Limited Q4FY21 Earnings Presentation Personal Care has grown at a 15.7% CAGR Over the Last Ten Years and Continues to be the Major Growth Driver for EPL in FY21 Personal Care Revenue (INR million) Growth 14.7 % Y-o-Y 2,980 8,254 11,206 12,852 Sub-categories FY11 FY15 FY20 FY21 Face Care Hair Car
Slide 16: Personal Care Contribution stood at 46% in FY21
EPL Limited Q4FY21 Earnings Presentation Personal Care Contribution stood at 46% in FY21 Personal Care Contribution to Tube Revenue 46% 45% 43% 41% FY18 FY19 FY20 FY21 Despite clear headwinds in B&C, Personal care share held by increased demand of Hygiene Products 15
Slide 17: Continued Growth in Personal Care (1/2)
EPL Limited Q4FY21 Earnings Presentation Continued Growth in Personal Care (1/2) (INR million) AMESA EAP 0.0% CAGR Growth 2.1% Growth 52.0% Y-o-Y Y-o-Y 3,917 3,821 3,839 3,920 1,158 1,611 1,698 2,581 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 Highlights Highlights Personal Care contribution increased
Slide 18: Continued Growth in Personal Care (2/2)
EPL Limited Q4FY21 Earnings Presentation Continued Growth in Personal Care (2/2) (INR million) Americas Europe Growth 5.8% Y-o-Y Growth 14.7% Y-o-Y 896 1,277 1,496 1,582 2,950 3,572 4,180 4,794 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 Highlights Highlights Personal Care contribution is maintained a
Slide 19: Delivered strong progress across all our identified levers
EPL Limited Q4FY21 Earnings Presentation Delivered strong progress across all our identified levers • Accelerated growth in Personal Care • Continued leadership in Oral Care • Improved Performance in Europe • Industry leadership in eco-friendly solutions 18
Slide 20: Global Leadership in Oral Care
EPL Limited Q4FY21 Earnings Presentation EPL has Established Global Leadership in Oral Care with the Segment Demonstrating Steady Long-Term Revenue Growth at a CAGR of 10.0% Oral Care Revenue (INR million) 15,170 12,748 13,809 11,764 Growth 9.9% 9,203 Y-o-Y 5,823 FY11 FY13 FY15 FY17 FY20 FY21 Custom
Slide 21: Delivered strong progress across all our identified levers
EPL Limited Q4FY21 Earnings Presentation Delivered strong progress across all our identified levers • Accelerated growth in Personal Care • Continued leadership in Oral Care • Improved Performance in Europe • Industry leadership in eco-friendly solutions 20
Slide 22: Continued Growth Momentum in Europe across Oral and Personal Care
EPL Limited Q4FY21 Earnings Presentation Continued Growth Momentum in Europe across Oral and Personal Care Categories Europe Revenue (INR million) 8,000 7,686 6,771 5,852 6,000 5,096 Growth Y-o-Y 4,000 13.5% Total 9.2% Oral Care 2,000 61% 62% 64% 65% 14.7% Personal Care 0 FY18 FY19 FY20 FY21 Persona
Slide 23: Leading to Strong EBITDA Growth and Margin Improvement
EPL Limited Q4FY21 Earnings Presentation Leading to Strong EBITDA Growth and Margin Improvement Europe EBITDA1 (INR million) 12.8% 14.8% 15.0% 1,000 10.0% 10.3% 1,137 10.0% 866 Growth 31.3% 500 603 Y-o-Y 511 5.0% 0 0.0% FY18 FY19 FY20 FY21 EBITDA Margin Key elements to profit growth Impact 1. Revenu
Slide 24: Delivered strong progress across all our identified levers
EPL Limited Q4FY21 Earnings Presentation Delivered strong progress across all our identified levers • Accelerated growth in Personal Care • Continued leadership in Oral Care • Improved Performance in Europe • Industry leadership in eco-friendly solutions 23
Slide 25: Sustainability: An Intrinsic Value at EPL
EPL Limited Q4FY21 Earnings Presentation Sustainability: An Intrinsic Value at EPL Platina laminated tubes fully recyclable in HDPE bottle stream Recognized and certified by APR / RecyClass / Cyclos Widest thickness range of tubes offering: 220u – 350u Designed to incorporate > 50% Green “Sust
Slide 26: Sustainability: Leading the Pack
EPL Limited Q4FY21 Earnings Presentation Sustainability : “Leading the Pack” Platina Pro - Next gen sustainable Etain tubes with Post Consumer Recycled Building a portfolio through laminated tubes (PCR) resin content industry-leading pipeline Fully recyclable tubes in HDPE bottle Eco-friendly tu
Slide 27: Sustainability: A Promising Start
EPL Limited Q4FY21 Earnings Presentation Sustainability: A Promising Start First tube supplier in the world to get approval from APR for full tube along with barrier shoulder and cap Commercialization begins with 100 mm units 26
Slide 28: Corporate Social Responsibility
EPL Limited Q4FY21 Earnings Presentation Corporate Social Responsibility Focus area: Our Vision: Greening Lives EPL’s Strategy will focus on Sustainability and Sustainable Development with core values of Prosperity, Balance & Harmony, Green communities: Vitality, Regeneration & Renewal, and Invigora
Slide 29: Creative is a Subsidiary of EPL effective Feb 2021
EPL Limited Q4FY21 Earnings Presentation Creative is a Subsidiary of EPL effective Feb 2021 Transaction was consummated on 1st February 2021. The acquisition will help EPL further strengthen its position in the Personal Care segment. Enterprise Value: INR 2,539 mn Deal structure: • Purchase of
Slide 30: Looking Ahead: FY22
EPL Limited Q4FY21 Earnings Presentation Looking Ahead: FY22 1 Sustain double digit revenue growth • Strong business development pipeline, FY22 entry 29% higher (April 2021 vs April 2020) 2 Plan in place for Quarter-on-Quarter improvement in EBITDA margin through: • Judicious price increases • Cost
Slide 31: Appendix
EPL Limited Q4FY21 Earnings Presentation Appendix 30
Slide 32: FY21: Adjusted EBITDA grew 13.4% Y-o-Y & Adjusted PAT grew 34.6% Y-o-Y
EPL Limited Q4FY21 Earnings Presentation FY21: Adjusted EBITDA grew 13.4% Y-o-Y & Adjusted PAT grew 34.6% Y-o-Y (INR million) Adjustments EBITDA PAT1 Reported FY21 numbers 6,155 2,552 • China Tax refund - -25 • TSA2 related expenses +160 +120 • One time acquisition related costs +13 +13 • ESOP relat
Slide 33: Q4FY21: Adjusted EBITDA grew 5.3% Y-o-Y & Adjusted PAT grew 29.7%
EPL Limited Q4FY21 Earnings Presentation Q4FY21: Adjusted EBITDA grew 5.3% Y-o-Y & Adjusted PAT grew 29.7% Y-o-Y (INR million) Adjustments EBITDA PAT1 Reported Q4FY21 numbers 1,416 568 • TSA2 related expenses +40 +30 • One time acquisition related costs +13 +13 • ESOP related cost +58 +58 Adjusted Q
Slide 34: FY21 Regional Performance – 1/2
EPL Limited Q4FY21 Earnings Presentation FY21 Regional Performance – 1/2 Revenue Split % EBIT Split % Europe, Europe, 16% 24% AMESA, AMESA, 28% 31% Americas , 18% Americas , 20% EAP, EAP, 24% 37% • The revenue grew by 12.0% Y-o-Y, majorly driven by EAP and EUROPE. • Despite Covid-19, all regions con
Slide 35: FY21 Regional Performance – 2/2
EPL Limited Q4FY21 Earnings Presentation FY21 Regional Performance – 2/2 (INR million) Revenue YoY Growth EBITDA1 Margin AMESA 9,934 6.1% 2,324 23.4% EAP 7,820 25.5% 1,901 24.3% Americas 6,521 5.4% 1,133 17.4% Europe 7,686 13.5% 1,137 14.8% (1) EBITDA is adjusted for ESOP cost for all the regions an
Slide 36: Q4FY21 Performance – AMESA and EAP
EPL Limited Q4FY21 Earnings Presentation Q4FY21 Performance – AMESA and EAP (INR million) AMESA Particulars Q4FY21 Q4FY20 % change Revenue 2,766 2,158 28.2% EBITDA 565 526 7.4% EBITDA % 20.4% 24.4% EBIT 310 281 10.3% EBIT % 11.2% 13.0% EAP Particulars Q4FY21 Q4FY20 % change Revenue 1,849 1,353 36.7%
Slide 37: Q4FY21 Performance – Americas and Europe
EPL Limited Q4FY21 Earnings Presentation Q4FY21 Performance – Americas and Europe (INR million) Americas Particulars Q4FY21 Q4FY20 % change Revenue 1,749 1,715 2.0% EBITDA 309 390 -20.9% EBITDA % 17.6% 22.7% EBIT 207 297 -30.4% EBIT % 11.8% 17.3% Europe Particulars Q4FY21 Q4FY20 % change Revenue 2,0
Slide 38: About EPL
EPL Limited Q4FY21 Earnings Presentation About EPL (Formerly known as Essel Propack Limited) 37
Slide 39: EPL: Company Overview
EPL Limited Q4FY21 Earnings Presentation EPL: Company Overview Largest Global Leader in Growing Strong laminated tubes Oral Care emergence in relationships manufacturer Personal Care with marquee FMCG customers ~8 bn Tubes #1 Globally 46% 20+ years contribution Best in class Best in class Global Foo
Slide 40: EPL Caters to Marquee Customers Across Trillion Dollar Categories
EPL Limited Q4FY21 Earnings Presentation EPL Caters to Marquee Customers Across Trillion Dollar Categories Tube revenue split (FY21) Personal Care, 46% 5% 11% Others Pharma 54 30% Beauty % & Oral Cosme Care tics 39 39
Slide 41: About EPL
EPL Limited Q4FY21 Earnings Presentation About EPL EPL is the largest global specialty packaging company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space. Employing over 3,366 people representing over 25 different nationalities, EPL functions in ten countries through 19 s
Slide 42: Thank you
Thank you /esselofficial /company/essel-propack-limited /essel_propack EPL LIMITED (Formerly known as Essel Propack Limited) Top Floor, Times Tower, Kamala City Senapati Bapat Marg, Lower Parel Mumbai - 400 013, India