Slide 1: Chairman's Speech at the 39th Annual General Meeting (cover letter)
* emaml limited ernarm Date: 9th September, 2022 The Manager - Listing The Manager - Listing The National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Plot No. C/1, G. Block Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (E) Dalal Street Mumbai - 400 051 Mumbai - 400 001 Scrip Co
Slide 2: Chairman's Speech: Veteran and New Independent Directors
cmami limited CHAIRMAN'S SPEECH 39th Annual General Meeting Held on 9th September, 2022 through Video Conferencing OA VM ACKNOWLEDGEMENT OF CONTRIBUTION BY VETERAN DIRECTORS This year, the tenure with five of our veteran independent directors has come to an end. I take this opportunity to convey my
Slide 3: Redesignation and the Macro Economy
* cmamT limited emarm REDESIG NATION This year, your Company made a significant decision. Both myself and my friend & business partner, Shri RS Agarwal decided to step down from our executive positions while continuing to stay on the Board of the Company in the capacity of a mentoring role and let o
Slide 4: Reaching Out - Wide and Deep
ernarnl limited Today's Emami is more focused and invested towards better consumer experience through innovative products and better consumer access through deeper direct retail coverage and direct-to-consumer route through digital transformation. It has set out on a path of a more sustainable busin
Slide 5: Modern Trade, E-commerce and D2C
* cmami limited emarru 3,300+ Standalone Modern Trade stores in 40 cities through specialist distributors last year. To increase on-shelf availability and fill rate at Modern Trade outlets, your Company initiated Project Midas, which involved supply chain collaboration, electronic data interchange,
Slide 6: Acquisitions and Strategic Partnerships
cmami ernarnl limited ACQUISITIONS AND STRATEGIC PARTNERSHIPS In recent times, your Company has invested in some key acquisitions and strategic partnerships. We acquired Dermicool, one of the leading brands in the Prickly Heat and Cool Talc Segment from Reckitt Benckiser Healthcare India Pvt Ltd for
Slide 7: Profitability and Future Growth
ernarnl limited PROFITABILITY AND FUTURE GROWTH In FY22, Consolidated Revenues of your Company at Rs 3,192 crore grew by 11%, EBIDTA at Rs 952 crore grew by 8%, PAT at Rs 839 crore grew by 85% and Adjusted PAT grew by 18%. We take the pleasure of informing that the Company paid two interim dividends
Slide 8: Future Roadmap and Ayurveda
cmamf limited Talking about our future roadmap, Your Company aims to achieve higher levels of competitiveness in a volatile economic environment. We believe that Ayurveda will continue to be more relevant. As estimated by IMARC (2021), the Ayurveda market is expected to grow by around 15% during 202
Slide 9: Our Sustainability and Community Initiatives
....... ? ...... * cmamf limited cmam1 OUR SUSTAINABILITY AND COMMUNITY INITIATIVES Sustainable efforts in business means responsibility and accountability to give back to the community as a whole. We need to bring a greater balance between business goals and our greater community responsibilities.
Slide 10: Conclusion
* ernaml limited emarm Teachers' Training, Janakalyan in Social Upliftment and Swashthya in Healthcare. CONCLUSION As I conclude, I would like to take this opportunity to repose my faith once again in the second-generation promoters, who have well ingrained themselves in the Company's operations to
Slide 11: 39th Annual General Meeting
39th Annual General Meeting 9th September 2022
Slide 12: Proud association with industry stalwarts
Proud association with industry stalwarts Shri Y.P. Trivedi Shri K. N. Memani Shri P.K. Khaitan Shri S .B. Ganguly Shri A.K. Deb Eminent Tax expert & Ex-Country Head of Advocate & Sr. Partner Professional Ex-Chief Secy., Advocate E&Y, India Khaitan & Co Govt. of WB 2
Slide 13: New Independent Directors on Board
New Independent Directors on Board Shri Anand Rathi Shri Anjani Agrawal Shri Anjan Chatterjee Smt. Avani Davda Shri Rajiv Khaitan Leading financial and Former Senior partner, EY and Marketing veteran and well- Founding CEO of Tata Starbucks. Also Senior Partner of Khaitan & investment expert and glo
Slide 14: Re-designation of Board Members
Re-designation of Board Members R. S. Agarwal R. S. Goenka H.V. Agarwal Mohan Goenka Chairman Emeritus Non Executive Chairman Vice Chairman Vice Chairman & Non Executive Director & Managing Director & Executive Director 4
Slide 15: Challenging macro-economic environment
Challenging macro-economic environment Geopolitical tensions Steep inflationary pressure Consumption slowdown 5
Slide 16: Catering to the evolved consumer
Catering to the evolved consumer Catering to the health conscious Through and tech savvy consumers Innovations Deeper reach D2C & analytics 6
Slide 17: Reaching out – wide & deep
Reaching out – wide & deep Strengthening rural Project Sirius Healthcare outlet Focus on Standalone coverage through Roll-out of Upsell & Cross Sell expansion Modern Trade stores Project KHOJ enabler for Frontline Sales force. ( outlets in lacs ) ( towns ) Added in FY22 Target to reach 60000 1.09 40
Slide 18: Riding eCommerce
Riding eCommerce Digital first launches Zanducare Portal Increase in contribution from e-commerce (to Domestic Sales) 5.5% 2.8% FY21 FY22 8
Slide 19: Dermicool Acquisition
Dermicool Acquisition Acquired “Dermicool”, one of the leading brands in the Prickly Heat and Cool Talc Segment in Mar’22 from Reckitt Benckiser for ₹432 crore (excluding taxes & duties) Iconic brand with a strong brand equity- High Highly profitable brand - consumer connect High Gross & EBIDTA thro
Slide 20: Strategic investments in startups
Strategic investments in startups Fur Ball Story 50.40% 77.53% 20.65% 30.00% Stake Stake Stake Stake 10
Slide 21: FY22 Performance
FY22 Performance ₹ in crore Revenues EBIDTA Reported PAT Adjusted PAT* +11% +8% +84% +18% 3192 952 854 2881 883 839 723 455 FY21 FY22 FY21 FY22 FY21 FY22 FY21 FY22 *Adjusted PAT = Reported PAT – MAT Credit Entitlement of earlier years + Exceptional Items + Amortization of Kesh King & other brand rel
Slide 22: Rewarding shareholders
Rewarding shareholders Share Interim Buyback Dividends ₹ 200 cr ₹ 356 cr 12
Slide 23: Improved Profitability
Improved Profitability EBIDTA Margins (%) PBT Margins (%) 30.7% 21.6% 29.8% 19.8% 14.1% 26.0% FY20 FY21 FY22 FY20 FY21 FY22 3 year EBIDTA CAGR of 3 year PBT CAGR of 9% 19% 13
Slide 24: Q1FY23 Performance
Q1FY23 Performance Revenues EBIDTA Modern Trade E Commerce Sales Sales +18% +2% As a % to Domestic Sales As a % to Domestic Sales 8.2% 778 170 173 7.6% 661 5.9% 5.0% Q1FY22 Q1FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23 14
Slide 25: Focus on Ayurveda
yy © Focus on Ayurveda smami
Slide 26: Employees are our biggest assets
Employees are our biggest assets 16
Slide 27: Sustainability initiatives
Sustainability initiatives Energy Consumption Renewable energy vis-à-vis Production consumption Water recycled in (MJ/MT) 23% manufacturing units -12% 2043 1793 5% 145 Reduction in plastic MT consumption 1% 75 Reduction in paper MT consumption FY20 FY22 FY20 FY22 17
Slide 28: CSR initiatives
CSR initiatives vm SARE Oy te)
Slide 29: Thanking all our stakeholders
Thanking all our stakeholders 19
Slide 30: Thank You
© emami Thank You