Varun Beverages Ltd. · NSE:VBL
Varun Beverages — Q3 2022 Earnings Presentation
20 slides from Varun Beverages's earnings presentation, Nov 1, 2022
Slide 1: Stock exchange filing cover letter
co p VflRUn BEVERAGES LffTOCED Corporate O ff: Plot No.31, Institutional Area, Sec.-44, Gurgaon, Haryana-122002 (India) Ph.: +91-124-4643100-500 • Fax: +91-124-4643303/04 E-m ail: info@rjcorp.in » Visit us a t : www.varunpepsi.com CIN No. : L74899DL1995PLC069839 November 1, 2022 To, National Stock E
Slide 2: Q3 & 9M CY 2022 Results Presentation
November 1, 2022 (a PepsiCo franchisee) Varun Beverages Limited Q3 & 9M CY 2022 Results Presentation
Slide 3: Disclaimer
Disclaimer (a PepsiCo franchisee) This communication contains certain forward-looking statements relating to the business, financial performance, strategy and results of Varun Beverages Limited (“VBL” or the “Company”) and/ or the industry in which it operates. Such forward-looking statements involv
Slide 4: Table of Content
Table of Content (a PepsiCo franchisee) 1 Company Overview 2 Chairman’s Message 3 Q3 & 9M CY2022 Results Overview 4 Performance Highlights 5 Sustainability Initiatives 3
Slide 5: Company Snapshot
Company Snapshot (a PepsiCo franchisee) Key player in the beverage industry Operations spanning across 6 countries – 3 in the Indian Subcontinent (India, Sri Lanka, Nepal) contribute ~81% to revenues; 3 in Africa (Morocco, Zambia, Zimbabwe) contribute ~19% for fiscal year 2021 Over 30 years st
Slide 6: Brands Licensed to VBL
Brands Licensed to VBL (a PepsiCo franchisee) Brands licensed by PepsiCo: Dairy Based Beverages* Carbonated Soft Drinks Mango Shake Energy Drink Club Soda Carbonated Juice Based Drinks Cold Coffee Belgian Choco Fruit Pulp / Juice Based Drinks Kesar Badam Sports Drink Ice Tea Packaged Water Elaichi *
Slide 7: Symbiotic Relationship with PepsiCo
Symbiotic Relationship with PepsiCo (a PepsiCo franchisee) VBL – Demand Delivery PepsiCo – Demand Creation 30 yrs + Production Facilities Association Trademarks Sales & Distribution – GTM & Logistics Formulation through Concentrate In-outlet Management – Visi-Coolers Product & Packaging
Slide 8: End-to-End Execution Across Value Chain
Key Player in the Beverage Industry – Business Model (a PepsiCo franchisee) VBL- END-TO-END EXECUTION ACROSS VALUE CHAIN MANUFACTURING Concentrate Other Raw (PepsiCo) Materials Bottling 37 state-of-the-art production facilities SOLID INRASTRUCTURE 100+ depots DISTRUBUTION & WAREHOUSING 2,000+
Slide 9: Chairman's Message
Chairman’s Message (a PepsiCo franchisee) Commenting on the performance for Q3 and 9M CY2022, Mr. Ravi Jaipuria, Chairman – Varun Beverages Limited said: “We are pleased to report yet another strong quarter, delivering a net revenue growth of 32% and a PAT growth of 53% YoY. Our India business has d
Slide 10: Key Developments
Key Developments (a PepsiCo franchisee) Agreement to distribute & sell “Lays, Doritos and Cheetos” in Morocco • In testimony of strong relationship between Varun Beverages Limited and PepsiCo Inc., Board of Directors approved the proposal to enter into an agreement by Varun Beverages Morocco SA (a w
Slide 11: Results Overview
Results Overview (a PepsiCo franchisee) Net Sales 1,09,589 EBITDA PAT 54.6% 24,806 71.4% 105.8% 70,889 14,686 14,471 Rs. mn Rs. mn Rs. mn 32.5% 41.3% 31,766 22.6% 53.3% 7,135 6,990 23,982 3,955 4,947 20.4% 2,579 20.6% 22.0% Q3 2021 Q3 2022 9M 2021 9M 2022 Q3 2021 Q3 2022 9M 2021 9M 2022 Q3 2021 Q3 2
Slide 12: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement (a PepsiCo franchisee) Particulars (Rs. million) Q3 2022 Q3 2021 YoY(%) 9M 2022 9M 2021 YoY (%) 1.Income (a) Revenue from operations 32,483.05 24,404.34 33.1% 111,333.57 71,933.55 54.8% (b) Excise Duty 716.85 422.76 69.6% 1,744.50 1,044.60 67.0% Net Revenues 31,7
Slide 13: Discussion on Financial & Operational Performance
Discussion on Financial & Operational Performance (a PepsiCo franchisee) Net Revenues / Sales Volumes • Net Revenue from operations grew by 32.5% YoY in Q3 CY2022 to Rs. 31,766 mn primarily because of robust volume growth (increased by 24.0% to reach 190 mn cases) and improvement in net realization
Slide 14: Performance Highlights (CY2017 – CY2021 & H1 CY2022)
Performance Highlights (CY2017 – CY2021 & H1 CY2022) (a PepsiCo franchisee) Revenue 1,09,589 PAT PAT Margins 14,686 CAGR (2017-21) – 21.8% 14,500 15% 88,232 CAGR (2017-21) – 36.6% 13% 12,000 71,296 11% Rs. mn Rs. mn 64,501 13.4% 9,500 9% 51,053 7,461 40,034 7,000 7% 4,722 8.5% 3,573 5% 4,500 2,999 2
Slide 15: Sustainability Initiatives - Water Stewardship
Sustainability Initiatives - Water Stewardship (a PepsiCo franchisee) Parameter (mn KL) CY2019 CY2020 CY2021 Water Recharge Ratio# Water Usage Ratio(WUR)* Audited Audited Audited 2.72 Target Total water consumption (A) 4.12 3.74 4.86 2.28 min. Beverage production (B) 2.12 1.95 2.57 2.00 1.94 1.92 Wa
Slide 16: Sustainability Initiatives – Plastic Waste Management
Sustainability Initiatives – Plastic Waste Management (a PepsiCo franchisee) Weight Reduction of Pre-forms (grams) Plastic Waste Recycling % Plastic usage reduction through light weighting of Preforms and Target for a non-COVID year – Closures for PET bottles. Phase- 52.5 50.7 47.0 2023 onwards wise
Slide 17: Sustainability Initiatives - Climate Action
Sustainability Initiatives - Climate Action (a PepsiCo franchisee) mn Kg CO2e Grams / litre* Energy Efficiency GHG emissions are audited by Deutsch Quality Systems (litre/kWh) GHG CY 2020 CY 2021 CY 2020 CY 2021 (India) Private Limited (DQS Emissions India), an Internationally 6.7% Scope 1 23.91 29.
Slide 18: Conference Call Details
Conference Call Details (a PepsiCo franchisee) Varun Beverages Limited Q3 and 9M CY 2022 Earnings Conference Call Time • Tuesday, November1, 2022 at 4:00 PM IST Conference dial-in Primary number • +91 22 6280 1141 / +91 22 7115 8042 International Toll Free Number • Hong Kong: 800 964 448 • Singapore
Slide 19: About Us
About Us (a PepsiCo franchisee) Varun Beverages Limited (“VBL” or the “Company”) is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world (outside USA). The Company produces and distributes a wide range of carbonated soft drinks (CSDs), as well as a large select
Slide 20: Thank You!
Thank You!