Slides
Page 1
epl LEADING THE PACK Sustainably ! EPL LIMITED ( Formerly known as Essel Propack Limited ) Q1FY27 Earnings Presentation PLATINUM Top 1 % ecovadis Sustainability Rating AUG 2025 Plating ETAIN ON THE CYCLE Platina ORGANIC
Page 2
2 Certain statements in this presentation concerning our future growth prospects are forward-looking statements. The Company cautions that, by their nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in packaging industry including those factors which may affect our cost advantage, wage increases, our abilit y to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame c ontracts, client concentration, industry seg ment concentration, our ability to manage our operations, reduced demand for packaging products in our key focus areas, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which is EPL (Formerly known as Essel Propack Limited) has made strategic investments, withdrawal of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies, and unauthori zed use of our intellectual property and general economic conditions affecting our industry. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company. Safe Harbour EPL Limited Q1FY27 Earnings Presentation 2
Page 3
3 • Q1FY27 Highlights and Financial Performance • Update on Key Initiatives • Growth Drivers • Sustainability: Product, Process, People • Awards and Recognition • Looking Ahead • Appendix EPL Limited Q1FY27 Earnings Presentation Key topics
Page 4
4 Q1FY27: Strong Quarter with 25.3% Revenue Growth and 15.2% EBITDA growth EPL Limited Q1FY27 Earnings Presentation 4 Delivered strong revenue growth of 25.3% driven by broad bas ed momentum across categories and regions. The growth was a l s oa i d e db yi n f l a t i o nl e dp r i c i n g .E x c l uding commodity pass-through pricing, under lying revenue growth was 20%, reflecting strong growth acceleration. Underlying EBITDA stood at 19.6% with 15.2% growth, however, due to commodity inflation led pricing-pass-through actual EBITDA is at 18.8%. PAT delivery in line with estimates and on track to deliver double digit growth in full year. Q1 PAT declined by 1.4% while our PBT increased by 10%. The drop is because we are lapping a very low base year ETR* and will get corrected on full year basis. Return on Capital Employed (‘ROCE’) continues to be strong at 18.5%; with marginal decline of 37 bps vs PY, primarily due to ahead of the curve capex investments. 2 3 1 4 *ETR was lower in PY primarily on account of Inter Company Dividend phasing.
Page 5
5 Our Investments are reflecting in growth acceleration EPL Limited Q1FY27 Earnings Presentation 5 ..resulting in double digit revenue growth over last 5 quarters • Acquiring new customer in B&C (80+ customers) • Wallet share gain in Oral with MNC’s 11,079 12,059 11,488 13,005 13,879 10.0% 11.0% 13.3% 17.6% 25.3% 0% 5% 10% 15% 20% 25% 30% 8000 9000 10000 11000 12000 13000 14000 15000 Q1 FY 26 Q2 FY 26 Q3 FY 26 Q4 FY 26 Q1 FY 27 Stepped Up Investments… 1 Ahead of the curve CAPEX investment in new technologies/capabilities Extrusion Lines Printing Lines New Tooling Investment 2 Opex investment in building differentiated capabilities Innovation CoE Hunting Manpower Value-Added Processes (Metalization) Underlying growth of ~20%
Page 6
6 Middle East Crisis driving input cost inflation; Ensuring supply security while protecting profitability 6 Source – ICIS M LLDPE and HDPE Index CBIC Exchange rate EPL Limited Q1FY27 Earnings Presentation Significant increase in Material Prices Key Guiding Principles to manage the crisis 40 60 80 100 120 140 160 180 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Polymer INR/kg LLDPE HDPE Supply Security Leverage supplier relationships and manage inventory to secure adequate safety stocks Margin Protection Full pass-through of cost inflation; protecting robust absolute EBITDA growth Market Share Gains Superior supply chain reliability helping us win new business and gain wallet share
Page 7
7 1,000 986 3.13 3.08 Q1FY26 Q1FY27 Q1FY27 Consolidated Financial Highlights (INR million) 11,079 13,879 Q1FY26 Q1FY27 25.3% 2,268 2,612 20.5% 18.8% Q1FY26 Q1FY27 15.2% 1,372 1,518 12.4% 10.9% Q1FY26 Q1FY27 10.6% PAT and EPS -1.4%. Net Debt and Net Debt/ LTM EBITDA Revenue growth by region – AMESA (+17%), India (+19.9%), EAP (+34.3%), Americas (+29.4%), Europe (+20.2 %) Underlying EBITDA margin @19.6%. Reported EBITDA @18.8% due to commodity inflation led pricing included in revenue. PAT in line with the estimates and on track to deliver double digit growth for the year. Q1 PAT declined by 1.4% while our PBT increased by 10%. The drop is because we are lapping a very low base year ETR and will get corrected on full year basis Net debt increase due to ahead of the curve capex investments and higher working capital due to middle east crisis. Revenue from Operations EBITDA and EBITDA Margins1 EBIT and EBIT Margins ROCE 3,898 5,806 0.45x 0.58x Q1FY26 Q1FY27 7 EPL Limited Q1FY27 Earnings Presentation 1 EBITDA is excluding Fx gain/(loss). In the publication Fx gain is included in Other income and Fx losses are part of Other Expenses. 18.9% 18.5% Q1FY26 Q1FY27 -37 bps
Page 8
8 Key Growth and Capital Efficiency KPIs (INR million) Growth Capital Efficiency Revenue EBITDA EPS (INR) Capex ROCE Q1FY26 Q1FY27 Growth As of Jun’25 As of Jun’26 Q1FY26 Q1FY27 -1.6% 15.2% 25.3% Net Debt EPL Limited Q1FY27 Earnings Presentation 11,079 13,879 2,268 2,612 3.13 3.08 18.9% 18.5% 3,898 5,806 857 1,083
Page 9
9 1,256 1,530 1,566 1,639 1,590 1,810 1,834 1,909 1,921 2,167 2,062 2,246 2268 2,516 2,308 2,632 2,612 15.1% 16.1% 16.6% 16.9% 17.5% 18.1% 18.8% 18.5% 19.1% 20.0% 20.3% 20.3% 20.5% 20.9% 20.1% 20.2% 18.8% - 500 1,000 1,500 2,000 2,500 14.0% 15.0% 16.0% 17.0% 18.0% 19.0% 20.0% 21.0% 22.0% Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 -13.3% -4.0% 12. 9% 21.1% 26.6% 18.3% 17.1% 16.5% 20.8% 19.7% 12.4% 17.7% 18.1% 16.1% 11.9% 17.2% 15.2% Consistent Mid-teens EBITDA growth; Underlying Margin at 19.6% 9 EBITDA Growth FY24 EBITDA Growth +19.2%EPL Limited Q1FY27 Earnings Presentation EBITDA: 8,396Mn Margin: 19.9% *EBITDA is excluding Fx gain/(loss). In the publication Fx gain is included in Other income and Fx losses are part of Other Expenses. FY25 EBITDA Growth +17.5% EBITDA: 9,724Mn Margin: 20.4% FY26 EBITDA Growth +15.8% EBITDA: 7,143Mn Margin: 18.2% EBITDA: 5,991Mn Margin: 16.2% Underlying EBITDA margin 19.6%
Page 10
10 • Q1FY27 Highlights and Financial Performance • Update on Key Initiatives • Growth Drivers • Sustainability: Product, Process, People • Awards and Recognition • Looking Ahead • Appendix Key topics EPL Limited Q1FY27 Earnings Presentation
Page 11
11 Accelerating Growth Momentum 1 3 Americas – Delivered solid growth of 29.4% for the quarter with broad based growth. Brazil continues to deliver strong revenue growth.4 EAP – Delivered robust 34.3% revenue growth in the quarter driven by strong momentum in B&C and a continued focus on premiumization in Oral Care. B&C* Performance – Delivered 23.6% growth fueled by strong momentum across regions. With continued focus and execution discipline, we remain confident in sustaining double digit growth. 11 With continued B&C momentum and inflation led pricing benefit, we feel confident to deliver high teens growth in next few quartersEPL Limited Q1FY27 Earnings Presentation AMESA – Strong revenue growth of 17.0% driven by solid B&C momentum and Oral care recovery; India grew at 19.9% reflecting accelerated growth momentum.2 *Beauty and cosmetics` Europe – Solid revenue growth of 20.2% led by B&C and continued key customer recovery. Focus on new product and customers will fuel further growth. 5
Page 12
12 Personal Care & Beyond at 54% of total revenue, Shift accelerating driven by strategic focus ‘Personal Care & beyond’* contribution to Tube Revenue 43% 45% 46% 46% 47% 47% 48% 53% 54% FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27 1134 bps 1134 bps * ‘Personal Care and beyond’includes Beauty & Cosmetics, Pharma etc 12 EPL Limited Q1FY27 Earnings Presentation
Page 13
13 ‘Personal Care & beyond’ * category has grown at ~9% CAGR over the last 12 years and continues to be the major growth driver for EPL with 25.1% growth in Q1FY27 8,254 11,206 12,852 14,291 15,947 17,242 19,094 23,608 7,004 FY15 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27 ‘Personal Care & beyond’* Revenue (INR million) ‘Personal Care & beyond’* revenue growth higher than Oral Care. Work in progress towards adding sub segments in B&C category. Face Care Hair Care Food OTC Medication # Home Eye Care Hand Cream Hygiene Products # Prescription Medication # New Applicator (B&C) # Pharma Grease / gear oil EPL Limited Q1FY27 Earnings Presentation * ‘Personal Care and beyond’includes Beauty & Cosmetics, Pharma etc. Growth 25.1% YoY Growth 25.1% YoY Sub categories 13
Page 14
14 Established Global Leadership in Oral Care with revenue growth at a CAGR of ~5.0% 11,764 12,748 13,809 12,748 16,720 18,300 19,212 20,366 21,063 5,988 FY15 FY17 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27 Oral Care Revenue (INR million) Market PositioningMarket Positioning #1 CustomersCustomers Business highlightsBusiness highlights 1. Acceleration of commerc ialization of sustainable Platina tubes globally 2. Co creation of sustainable sol utions to meet customer demands. 1. Market leader across key markets 2. Long term relation ships with customers 3. Continued leadership through product and process innovation 4. Unique, agile, and customer-specific supply chain models Growth 23.9% Y-o-Y Growth 23.9% Y-o-Y EPL Limited Q1FY27 Earnings Presentation
Page 15
15 15 EPL Limited Q1FY27 Earnings Presentation Special shaped Dispensing Orifice Unique star-shaped nozzle creates a soft, whipped ribbon A next generation solution featuring a dual-tube system designed to dispense separate formulations simultaneously for enhanced performance. Tube in Tube Neoseam A revolutionary technology to enable 360° Seamless Visualization Printing in Laminated tubes. It has no visible seam line and allows 360 ° printing Tiara Caps : Ring and UNO Integrated Cap with the shoulder, reducing the weight and plastic consumption Advancing New Business Growth through Innovative and Sustainable Offerings Visual appeal with rounded cap
Page 16
16 Advancing New Business Growth through Innovative and Sustainable Offerings 16 EPL Limited Q1FY27 Earnings Presentation Embellishments Dropper tip for precise, controlled application Cooling Metal Precision Tip Hygienic application for targeted-area Soft Silicon Angled Tip for gentle application Skin Feel Texture 4D Mirco-engraving Soft Touch Silicon Tube Double Laser Stamping Applicators
Page 17
17 Sustainability: Scaling Up Recyclable Volumes with continuous improvement Product Sustainability Platina set as a benchmark for sustainable solutions, certified through APR and CIPET. Market success across regions by collaborating with customers to promote sustainable tube adoption. Process Sustainability EPL has been awarded the EcoVadis Platinum Rating, placing us among the top 1% of companies globally out of more than 1,50,000 assessed. EPL’s sites at Vasind, Nalagarh, and Wada have been certified as Zero Waste to Landfill by SGS India Ltd Retained topmost “ A “ rating in supplier engagement for third consecutive year. Recognized among the top ~2% of companies globally on the CDP Climate & Water A List 2025. 17 Recyclable volumes scaling up fast 10% 21% 33% 38% 44% FY23 FY24 FY25 FY26 Q1 FY 27 44% of our portfolio now comprises of sustainable tubes. EPL Limited Q1FY27 Earnings Presentation
Page 18
18 People Sustainability: Embracing Corporate Social Responsibility Our CSR vision is in alignment with the overall EPL ambition of becoming the most sustainable packaging company in the world. All CSR programs are a step further towards achieving 7 select UN’s Sustainable Development Goals (SDGs) and aligned with multiple govt schemes. Continued supporting community development around our plants through strategic investments in education and infrastructure, including government school buildings, computer labs, libraries, RO systems and village road improvements. Providing vocational and technical skill training to youth from communities around our plants, supporting sustainable livelihoods, with 1,200+ students trained. 18 Plastic Waste Management Community Service Skill Development EPL Limited Q1FY27 Earnings Presentation Promoting responsible plastic waste management through collection, recycling and community awareness initiatives, with over 55,000 kgs of plastic waste collected.
Page 19
19 • Q1FY27 Highlights and Financial Performance • Update on Key Initiatives • Growth Drivers • Sustainability: Product, Process, People • Awards and Recognition • Looking Ahead • Appendix Key topics EPL Limited Q1FY27 Earnings Presentation
Page 20
20 Award: EPL Limited is now Ecovadis Platinum certified! 20 EPL Limited Q1FY27 Earnings Presentation Places us among the top 1% of over 150,000 companies assessed globally for sustainability performance. Only Indian Packaging company from India to achieve the same Reinforces the Company’s vision to be the most sustainable packaging company in the world and strengthens its position as a preferred partner for global brands.
Page 21
21 Awards: EPL is certified in 7 countries as “Great Place to Work” for FY 25-26 21 EPL Limited Q1FY27 Earnings Presentation Poland ColombiaEgyptIndia Philippines BrazilChina
Page 22
22 Awards: Celebrating Excellence in People Practices 22 EPL Limited Q1FY27 Earnings Presentation Awarded FIPSA (Awards for Responsible Packaging) 2026 for our continued commitment to innovation and packaging excellence EPL Wada Unit has been honoured with the prestigious CII HR Excellence Award 2025–26 under the Significant Achievement category at the 16th CII National HR Excellence Awards, EPL has received three prestigious recognitions at the PrintWeek [India] Women to Watch Awards 2026, across categories EPL Europe team has been recognized as this year’s ETMA (European Tube Manufacturers Association) Tube of the Year Awards EPL’s Vapi Unit in India has been honoured with the IMC Ramkrishna Bajaj National Quality Award 2025 for Performance Excellence in manufacturing category. EPL has been recognized as one of India’s Best Companies to Work for 2026, securing the 70 spot!
Page 23
23 • Q1FY27 Highlights and Financial Performance • Update on Key Initiatives • Growth Drivers • Sustainability: Product, Process, People • Awards and Recognition • Looking Ahead • Appendix Key topics EPL Limited Q1FY27 Earnings Presentation
Page 24
24 Looking Ahead: Scale, Profitability and Capital Efficiency 24EPL Limited Q1FY27 Earnings Presentation • B&C delivered 23.6% growth in Q1FY27 • Brazil continues strong growth; Thailand in scale up phase • ROCE in Q1FY27 at 18.5% Targets & Initiatives Current Status
Page 25
25 Merger with Indovida Progress Update 25EPL Limited Q1FY27 Earnings Presentation In Mar’26, the Company announced merger of EPL and Indovida to create a consumer packaging leader for emerging markets (the “Merger”) Post application to NCLT, shareholder’s meeting will be scheduled to consider and approve the merger NCLT to review the application post receipt of shareholders’ approval and once approved, Merger will be made effective and new shares of the Company will be issued. Application made for no-objection letter form the Stock Exchanges post which the Company will approach NCLT Applications made in 10 jurisdictions for anti-trust approval and the Company has received approval from 8 jurisdictions Expected timeline for the completion of the Merger (as indicated on transaction announcement): Q4 FY27 EPL Received CCI approval for the merger on 26th May 2026 Approval from NCLT and listing Stock Exchange approvals Foreign Anti- Trust Approvals CCI Approval Transaction Announcement
Page 26
26 • Q1FY27 Highlights and Financial Performance • Update on Key Initiatives • Growth Drivers • Sustainability: Product, Process, People • Awards and Recognition • Looking Ahead • Appendix Key topics EPL Limited Q1FY27 Earnings Presentation
Page 27
27 Q1FY27 Performance – AMESA and EAP (INR million) 27 EPL Limited Q1FY27 Earnings Presentation % change Q1FY27Q1FY26Particulars 34.3%3,6022,682Revenue 25.9%729579EBITDA 20.2%21.6%EBITDA % 27.9%545426EBIT 15.1%15.9%EBIT % % change Q1FY27Q1FY26Particulars 17.0%4,3743,739Revenue 13.3%809714EBITDA 18.5%19.1%EBITDA % 13.3%476420EBIT 10.9%11.2%EBIT % EAP AMESA India revenue grew by 19.9% on back of strong Oral demand, wallet share gains and continued B&C performance. EBITDA stood at 18.0% with 15.9% growth.
Page 28
28 Q1FY27 Performance – Americas and Europe (INR million) Europe Americas 28 EPL Limited Q1FY27 Earnings Presentation Europe delivered 20.2% revenue growth, while profitability was affected by transitional costs associated with the new manufacturing footprint, together with higher depreciation following capitalization of new assets. Management is focused on increasing asset utilization, improving mix and realizing operating leverage % change Q1FY27Q1FY26Particulars 29.4%3,7922,930Revenue 24.7%686550EBITDA 18.1%18.8%EBITDA % 23.3%376305EBIT 9.9%10.4%EBIT % % change Q1FY27Q1FY26Particulars 20.2%3,2142,674Revenue -11.9%421478EBITDA 13.1%17.9%EBITDA % -44.4%154277EBIT 4.8%10.4%EBIT %
Page 29
29 About EPL (Formerly known as Essel Propack Limited) 29 EPL Limited Q1FY27 Earnings Presentation
Page 30
30 9bn+ Tubes Supplied Annually 21 State of the Art Manufacturing Facilities Globally 6000+ Employees 23+ Nationalities Represented 5 Categories Served* Oral Beauty & Cosmetics PharmaHome Industrial 11 Countries with operational presence EPL: Company Overview AMESA 27% of Annual Revenue 9 Plants | ~3500 Employees EAP 22% of Annual Revenue 5 Plants | ~1000 Employees Europe 23% of Annual Revenue 3 Plants | ~600 Employees Americas 27% of Annual Revenue 4 Plants | ~900 Employees *all non oral categories will be referred to as “Personal care & Beyond” 30 EPL Limited Q1FY27 Earnings Presentation *including volumes from plants in customer premises India China Philippines Indonesia* * Brazil Colombia Mexico USA UK* PolandGermany Egypt Thailand
Page 31
31 EPL Caters to Marquee Customers Across Trillion Dollar Categories Oral Care, 46% Beauty & Cosmetics, 40% Pharma , 9% Others, 5% Tube revenue split (Q1 FY 27) ‘Personal Care & beyond’*, 54% * ‘Personal Care and beyond’includes Beauty & Cosmetics, Pharma etc 31 EPL Limited Q1FY27 Earnings Presentation
Page 32
32 Watch our Corporate Video to Gain Valuable Insights into EPL’s Evolution and Impact EPL Limited Q1FY27 Earnings Presentation 32 LinkedIn: https://www.linkedin.com/company/epl-limited Youtube: https://youtu.be/xao65I_xtak?si=N5EluuhcZhQucRK-
Page 33
33 About EPL EPL is the largest global specialty packaging company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space. Employing over 6000+ people representing over 23+ different nationalities, EPL functions in 11 countries through 21 state of the art facilities, and is continuing to grow every year. EPL is the world’s largest laminated tube manufacturer with units operating across countries such as USA, Mexico, Colombia, Brazil, Poland, Germany, Egypt, China, Philippines, Thailand and India. These facilities cater to diverse categories that include brands in Oral Care, Beauty & Cosmetics, Pharma & Health, Food, a nd Home, offering customized solutions through continuously pioneering first-in-class innovations in materials, technology and processes. EPL ( Formerly known as Essel Propack Limited) CIN : L74950MH1982PLC028947 For further information contact: Aloke Sharma Aloke.sharma@eplglobal.com 33 EPL Limited Q1FY27 Earnings Presentation
Page 34
34 Corporate Office EPL LIMITED Top Floor, Times Tower, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai – 400 013, Maharashtra, India. Telephone: 022 24819000 Website: https://www.eplglobal.com CIN:L7495MH1982PLC028947 @Epl_limited epl-limited epl_limited Thank You