Huhtamaki India Limited · NSE:HUHTAMAKI
Huhtamaki India — Q2 2024 Earnings Presentation
15 slides from Huhtamaki India's earnings presentation, Jul 26, 2024
Slide 1: Exchange filing cover letter for investor presentation
July 26, 2024 Department of Corporate Services The Listing Department, BSE Limited National Stock Exchange of India Ltd., Phiroze Jeejeeboy Towers Exchange Plaza, Mumbai – 400001 Bandra Kurla Complex Scrip Code - 509820 Bandra (East), Mumbai 400 051 Symbol – HUHTAMAKI Sub: Investor Presentation for
Slide 2: Earnings presentation – Q2 2024
Earnings presentation – Q2 2024 Huhtamaki India Limited Dhananjay Salunkhe Managing Director Jagdish Agarwal Executive Director & CFO 1 July 26, 2024 Earnings Presentation April-June 2024
Slide 3: Disclaimer
Disclaimer Information presented herein contains, or may be deemed to contain, forward-looking statements. These statements relate to future events or Huhtamaki India Limited's (the Company) future financial performance, including, but not limited to, strategic plans, potential growth, expected capi
Slide 4: Performance during Q2 2024
Performance during Q2 2024 • Market environment and impact – Improved volume and net sales QoQ and YoY, however margins impacted by supply chain constraints and sales mix. Strategy in place to address competitiveness and focus on long term profitable growth initiatives • Financial performance • High
Slide 5: Financial review
Financial review 4 July 26, 2024 Earnings Presentation April-June 2024
Slide 6: Improved net sales however challenging market conditions impacting profitability
Improved net sales however challenging market conditions impacting profitability Change vs. Change vs. MINR Q2 24 Q2 23 Q2 23 H1 24 H1 23 H1 23 • Q2 24 Sales growth driven by slightly higher volumes Sale of products and services 6,209.8 6,058.2 2.5 % 12,146.3 12,518.4 -3.0 % EBITDA 382.8 420.9 -9.1
Slide 7: Improved net sales, margins impacted by supply chain constraints and mix
Improved net sales, margins impacted by supply chain constraints and mix Net Sales (MINR) EBIT (MINR) and EBIT margin (%) 4.6% *Excluding exceptional item Q1 – Mar quarter, Q2 – June Quarter, Q3 – Sept Quarter and Q4 – Dec Quarter 6 July 26, 2024 Earnings Presentation April-June 2024
Slide 8: Gross debt to EBITDA increased due to lower EBITDA
Gross debt to EBITDA increased due to lower EBITDA • At the end of Q2 24: • Net Debt – Nil • Cash and cash equivalents MINR 652 • Investment of MINR 2,545 in bank deposits and liquid mutual funds • Unutilized fund-based limits with bank MINR 3,813 *Excluding exceptional item Q1 – Mar quarter, Q2 – J
Slide 9: Financial position continue to remain stable
Financial position continue to remain stable MINR Jun-24 Dec-23 • Operating working capital increased mainly due to higher inventory and trade receivable Total assets 20,357 20,010 • Gross debt in line with December 2023. Net Operating working capital 3,999 3,534 Debt - Nil • Stable financial positi
Slide 10: Cash and cash equivalents decreased due to change in working capital
Cash and cash equivalents decreased due to change in working capital Cash flow driven by: Cash flow bridge • Higher profit before tax (MINR) • Increase in working capital mainly due to increase in inventory and trade receivable • Balance proceed received against sale of Thane Land *Including excepti
Slide 11: Sustainability
Sustainability 10 July 26, 2024 Earnings Presentation April-June 2024
Slide 12: Continued progress towards our sustainability goals
Continued progress towards our sustainability goals Climate Action Water Consumption Huhtamaki has committed to Carbon Neutral Production by year 2030 Huhtamaki India has completed the water risk assessment for all its plants, and is Huhtamaki India has achieved improvement in energy consumption int
Slide 13: Reporting Schedule in 2024
Reporting Schedule in 2024 October 22, 2024 Financial result Q3 and Q1-Q3 2024 12 July 26, 2024 Earnings Presentation April-June 2024
Slide 14: For further information, please contact us
For further information, please contact us: investor.communication@huhtamaki.com https://www.huhtamaki.com/en-in/flexible-packaging/investors 13 July 26, 2024 Earnings Presentation April-June 2024
Slide 15: Thank You
Thank You in X a Huhtamaki