Slide 1: Exchange filing cover letter for investor presentation
UPL Limited, Uniphos House, C.D. Marg, 11th Road, Madhu Park, Khar (West), Mumbai – 400052, India w: www.upl-ltd.com e: contact@upl-ltd.com t: +91 22 6856 8000 11th November 2024 BSE Limited National Stock Exchange of India Ltd. Mumbai Mumbai SCRIP CODE – 512070 SYMBOL: UPL Sub.: Investor presentati
Slide 2: Q2 FY25 Investor Presentation
Q2 FY25 Investor Presentation 11th November, 2024
Slide 3: Safe Harbor Statement
Safe Harbor Statement This document contains certain forward-looking statements with respect to the financial condition, results of operations and business of UPL Limited (UPL) and certain of the plans and objectives of UPL with respect to these items. Examples of forward- looking statements include
Slide 4: Q2 FY25: Strong Vol. Growth Continues, EBITDA and Net Debt Trending Towards Guidance
Q2 FY25: Strong Vol. Growth Continues, EBITDA and Net Debt Trending Towards Guidance ₹11,090Cr ₹4,180Cr ₹1,576Cr $3,285Mn Revenue Contribution EBITDA Net Debt 9% 3% 0% Gross Debt lower by $286 Mn, Volume: 16%, net debt by $411 Mn vs. LY Margin: 37.7% ↓ 220 bps Margin: 14.2% ↓ 130 bps Price: -7%, Fx:
Slide 5: UPL Group: Vol. Led Growth in Q2; Improvement in Margin Gap vs. Q1
UPL Group: Vol. Led Growth in Q2; Improvement in Margin Gap vs. Q1, Lower vs. LY (₹ Crore) Q2 FY25 Q2 FY24 YoY% H1 FY25 H1 FY24 YoY% Q2FY25 vs. Q2FY24 Revenue 11,090 10,170 9% 20,157 19,133 5% Revenue Variance EBITDA Variance Contribution Profit 4,180 4,060 3% 7,764 8,158 -5% Contribution Margin 37.
Slide 6: UPL Corporation: Volume Driven Growth, With Focus On Increasing Market Share
UPL Corporation: Volume Driven Growth, With Focus On Increasing Market Share (₹ Crore) Q2 FY25 Q2 FY24 YoY% H1 FY25 H1 FY24 YoY% Q2FY25 performance update Revenue 7,676 7,415 4% 13,816 13,271 4% • Rev. var.: vol.: 13%, price: (8%), fx: (1%) Contribution Profit 2,376 2,402 -1% 4,215 4,507 -6% • Vol.
Slide 7: UPL Corporation: Growth Led by Europe, Supported by North America and Latin America
UPL Corporation: Growth Led by Europe, Supported by North America and Latin America Q2FY25 Q2FY24 (₹ Crore) Latin America North America Europe Rest of World 1% 16% 18% -2% 4,447 4,386 1,534 1,560 1,258 1,067 415 357 • Brazil: Strong vol. growth, • Continued strong in-season • Strong volume led growt
Slide 8: UPL SAS: Robust Q2 Rev. Growth, with margin accretion
UPL SAS: Robust Q2 Rev. Growth, with margin accretion; H1 Rev. in-line vs. LY with margin improvement (₹ Crore) Q2 FY25 Q2 FY24 YoY% H1 FY25 H1 FY24 YoY% Q2FY25 Performance Update Revenue 1,013 843 20% 2,016 2,044 -1% • Led by higher vol., sales happening closer to application season Contribution Pr
Slide 9: Advanta: Driving Growth in Q2 FY25 with Strong Performance Across Key Markets
Advanta: Driving Growth in Q2 FY25 with Strong Performance Across Key Markets Q2 FY25 performance update (₹ Crore ) Q2 FY25 Q2 FY24 YoY% H1 FY25 H1 FY24 YoY% • Q2 volume: flat, price: + 2 %, FX: + 2% • Rev. driven by grain sorghum (Argentina, Australia), corn (India, Revenue 1,111 1,070 4% 2,096 2,1
Slide 10: UPL Specialty Chemicals: Improved Q2 margins through mix, despite flat revenue
UPL Specialty Chemicals | Improved Q2 margins through mix, despite flat revenue Q2 FY25 performance update (₹ Crore ) Q2 FY25 Q2 FY24 YoY% H1 FY25 H1 FY24 YoY% Rev. in line with LY Captive: Revenue 2,601 2,598 0% 4,746 5,356 -11% ▪ Rev. marginally lower vs. LY, primarily due to mix ▪ Captive margins
Slide 11: Lower NWC Primarily Due to Improved Inventory Days
Lower NWC Primarily Due to Improved Inventory Days Sep-24 Sep-23 (No. of Days) 149 135 133 135 127 121 123 117 Inventory Days Recievable Days Payable Days Net Working Capital Days Sep 2024: ₹14,106 Cr Sep 2024: ₹16,062 Cr Sep 2024: ₹15,338 Cr Sep 2024: ₹14,829 Cr Sep 2023: ₹18,246 Cr Sep 2023: ₹18,2
Slide 12: Net Debt at ~$3.3 Bn as of Sep'24; Lower vs LY
Net Debt at ~$3.3 Bn as of Sep’24; Lower vs LY Primarily Due to Better WC Management Gross & Net Debt Position — Sep 2024 vs. Sep 2023 & Mar 2024 All figures are in US$ Mn and ₹ Crore1 Change Change vs Particulars Sep’24 Sep’23 YoY Mar’24 Mar’24 $3,800 $4,086 ($286) $3,410 $390 Gross Debt ₹31,843 ₹
Slide 13: Annexure
ANNEXURE 12
Slide 14: Breakdown of Net Finance Cost – Q2 FY25 and H1 FY25
Breakdown of Net Finance Cost – Q2 FY25 and H1 FY25 Net Finance Cost Breakdown (₹ crore) Particulars Q2FY25 Q2FY24 Change H1FY25 H1FY24 Change Interest on Borrowings 581 558 23 1,096 926 170 Interest on Leases & Others 189 181 8 379 468 -89 Other Financial Charges 62 31 31 100 69 31 NPV – Interest &
Slide 15: Thank You
eo Thank You