Tcpl Packaging Limited · NSE:TCPLPACK
Tcpl Packaging — Q3 FY2024 Earnings Presentation
30 slides from Tcpl Packaging's earnings presentation, Feb 5, 2024
Slide 1: Stock exchange intimation letter
5th February 2024 The Bombay Stock Exchange Ltd The National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block Dalal Street, Bandra Kurla Complex, Mumbai 400 001 Bandra East, Mumbai 400 051 Security Code:-523301 Trading Symbol:- TCPLPACK Dear Sir(s), Re:- E
Slide 2: Q3 & 9M FY2024 Earnings Presentation
Q3 & 9M FY2024 Earnings Presentation 05 February 2024
Slide 3: Disclaimer
Certain statements and opinions with respect to the anticipated future performance of TCPL Packaging Limited (TCPL) in the presentation (“forward- looking statements”), which reflect various assumptions concerning the strategies, objectives and anticipated results may or may not prove to be correct.
Slide 4: Q3 FY24 - Key Financial Highlights Consolidated
Q3 FY24 - Key Financial Highlights Consolidated Total Revenues (Rs. Cr.) EBITDA (Rs. Cr.) *Cash Profit (Rs. Cr.) 378.1 363.6 60.5 50.0 54.6 46.4 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Shift % (Y-o-Y) -3.8% Shift % (Y-o-Y) -9.8% Shift % (Y-o-Y) -7.1% Margins (%) Margins (%) 16.0% 15.0% 13.2%
Slide 5: Q3 FY24 - Key Financial Highlights Standalone
Q3 FY24 - Key Financial Highlights Standalone Total Revenues (Rs. Cr.) EBITDA (Rs. Cr.) *Cash Profit (Rs. Cr.) 366.4 354.4 52.1 60.3 58.8 46.9 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Shift % (Y-o-Y) -3.3% Shift % (Y-o-Y) -2.5% Shift % (Y-o-Y) -9.9% Margins (%) Margins (%) 16.5% 16.6% 14.2% 1
Slide 6: Key Developments
Key Developments Successfully commissions the Third Flexible Packaging Line ❑ Established a new BOBST Rotogravure Printing Press into its Flexible Packaging unit in Silvassa, complementing the existing two lines ❑ The inclusion of this advanced printing press, along with supplementary balancing and
Slide 7: Management Message
Commenting on the performance for Q3 & 9M FY2024 Mr. Saket Kanoria, Managing Director, TCPL Packaging Limited said Management “We have navigated the past quarters with resilience, despite the subdued demand growth Message witnessed in the domestic markets, and achieved growth in the first nine month
Slide 8: Consolidated P&L Statement
Consolidated P&L Statement Particulars (Rs. crore) Q3 FY24 Q3 FY23 Y-o-Y Change (%) 9M FY24 9M FY23 Y-o-Y Change (%) Revenues from Operations 356.9 370.1 -3.6% 1119.4 1058.8 5.7% Other Operating Income 6.7 8.0 -16.6% 21.5 23.5 -8.6% Total Revenues 363.6 378.1 -3.8% 1140.9 1082.3 5.4% Total Expenditu
Slide 9: Standalone P&L Statement
Standalone P&L Statement Particulars (Rs. crore) Q3 FY24 Q3 FY23 Y-o-Y Change (%) 9M FY24 9M FY23 Y-o-Y Change (%) Revenues from Operations 348.0 358.4 -2.9% 1082.3 1027.4 5.3% Other Operating Income 6.5 8.0 -19.4% 20.9 23.5 -11.1% Total Revenues 354.4 366.4 -3.3% 1103.1 1050.9 5.0% Total Expenditur
Slide 10: Q3 FY24: Financial & Operational Discussions (Y-o-Y)
Q3 FY24: Financial & Operational Discussions (Y-o-Y) Total Revenues On a Consolidated basis, Total Revenues stood at Rs. 363.6 crore as against Rs. 378.1 crore, down by 3.8% ❑ The Company demonstrated resilience in recent quarters, overcoming subdued domestic market demand to achieve growth in 9M ❑
Slide 11: Balance Sheet Snapshot – Consolidated
Balance Sheet Snapshot – Consolidated Rs. 496.9 Rs. 1,051.8 Rs. 998.5 Crore Crore Crore Net-worth Capital Employed Fixed Assets (Gross) Rs. 33.1 Rs. 487.4 90 Crore Crore Days Cash & Investments Net Debt Net Working Capital Days Note: As on 31st December 2023 10
Slide 12: Company Overview
TSOPL’ packaging limited \ Qircrer) VWWOFILIAS PVT LTD)
Slide 13: At a Glance
At a Glance TCPL – One of India’s leading producers of sustainable packaging solutions for customers across industries 33 1,475 216 8 ~2,000 YEARS (RS. CRORE) (RS. CRORE) Of providing an array of Revenue Cash Profit Manufacturing Employees packaging solutions (FY23) (FY23) units (FY23) 18% 15% 15% 2
Slide 14: Business Overview
Business Overview One of India’s largest Folding Carton manufacturers and convertors of paperboard Innovative player in the Flexible packaging industry Close-to-Demand Pan-India Footprint to fast-track growth Caters to Consumer Goods, Food & Beverage, Tobacco, Liquor, Agro-Chemicals, Pharma, and var
Slide 15: Folding Carton Division
Folding Carton Division One of India's leading Carton Packaging companies since 1990s driven by adoption of industry-leading technology Offers wide-range of innovative, sustainable & unique packaging solutions Well-positioned to support diverse customer requirements with PAN India presence and netwo
Slide 16: Flexible Packaging Division
Flexible Packaging Division Innovative player providing versatile and sustainable solutions to customers across industry verticals Offers a variety of products including Pouches, Laminates, Shrink Sleeves, and Wrap Around Labels POUCHES SHRINK SLEEVES WRAP AROUND LABELS BUNDLE PAPER, INNER LAMINATES
Slide 17: Pillars of Strength
Pillars of Strength Equipped with latest state-of- the-art machines Operates multiple Several technical collaborations manufacturing units Developing creative solutions by to ensure efficiency & a dedicated team with proven productivity Vast market network across Long-term connect with capabilities
Slide 18: Pan-India Presence
Pan-India Presence Close-to-demand strategy has enabled TCPL to emerge as one of India’s leading sustainable packaging solution providers *Haridwar Delhi Headquartered in Mumbai, TCPL Noida Guwahati operates 8 manufacturing units *Silvassa across 5 locations & has marketing Kolkata Mumbai offices in
Slide 19: Expanding Global Footprint
Expanding Global Footprint Revenue Break-Up Exports 26% Domestic 74% Export Revenue stood at Rs. 367 crore for FY23 “As a ‘Star Export House’, TCPL offers exemplary value to its clients along with world-class quality and service” 18
Slide 20: Marquee Clients
Marquee Clients Electronics, Pharma & Others FMCG FMCG Liquor Food & Beverages “Enables leading companies across industries identify the right packaging solutions” 19
Slide 21: Sustainable Packaging – Renewable, Recyclable and Compostable
Sustainable Packaging – Renewable, Recyclable and Compostable Growing global trend towards eco-friendly packaging solutions fueled considerable growth over the last decade o Ever increasing end-consumer awareness and demand for eco- friendly & recyclable offerings Paperboard is a naturally Renewable
Slide 22: Sustainability Initiatives – Paperboard
Sustainability Initiatives – Paperboard Replacement of plastic in food packaging – Working on replacement of Replacement of plastic in e-commerce – Working on solutions to cut down non-sustainable materials like plastic food trays with biodegradable and on plastics in e-commerce and online delivery
Slide 23: Sustainability Initiatives – Paperboard
Sustainability Initiatives – Paperboard Replacement of plastic film lamination and plastic extrusion for food and other Metallised Board – developed in-house facility to transfer metallised effects barrier packaging on paperboard, giving the same quality and finish as metallised plastic film widely
Slide 24: Investments towards driving higher sustainability in Flexible packaging
Investments towards driving higher sustainability in Flexible packaging TCPL INNOFILMS SPECIALTY CURRENT STRUCTURE NEW STRUCTURE PET InnoPure Adhesive Adhesive PE PE Non - RECYCLABLE 100% RECYCLABLE (Above is an example of a common structure (Above is an example of the use of our in the market) spec
Slide 25: Key Growth Levers
Key Growth Levers Scale Pan-India Presence Improving consolidation in a largely Close-to-demand strategy to drive unorganized industry growth Sustainable Packaging Partnership with Customers Solutions Leverage existing relationship to Emerging as a major growth gain higher wallet share opportunity I
Slide 26: COPPL Acquisition – Enters high potential rigid boxes segment
COPPL Acquisition – Enters high potential rigid boxes segment Update on Creative Offset Printer Private Limited (COPPL) Since both companies have production facilities in close ❑ TCPL now holds 100% stake in COPPL proximity, TCPL aims to capitalize from key synergies, like cost rationalization & opt
Slide 27: Annexure
Annexure 26
Slide 28: Conference Call Details
Conference Call Details Q3 & 9M FY2024 Earnings Conference Call Time • 3:00 p.m. IST on Tuesday, February 06, 2023 To enable participants to connect to the conference call without Pre-registration having to wait for an operator, please register at the below mentioned link: Primary dial-in number • +
Slide 29: About Us
About Us TCPL Packaging Limited (TCPL) (BSE: 523301, NSE: TCPLPACK), is one of For further information, please contact: India’s leading producers of sustainable packaging solutions for customers across industries. The Company partners with customers to provide paperboard-based packaging solutions in
Slide 30: Thank You
CORN FLAKES , ad) ey 5 IN e | ew PANDA TOTS COLLECT TM ALL G. wy J ) ~ ‘ i HER Ae »