Control Print (India) Ltd. — Investor Presentation 2021

Apr 24, 2021

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April 24, 2021

To,

The Compliance Department, BSE Limited, P. J. Towers, Dalal Street, Fort, Mumbai – 400 001 Scrip Code – 522295	The Compliance Department, National Stock Exchange of India Limited, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Symbol - CONTROLPR

Sub: Presentation on Investor Meeting

Ref: Disclosure under Regulation 30 read with para A of part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirement, Regulation, 2015

Please find enclosed herewith the Investor Presentation for the Conference Call with the Investors / Shareholders of Control Print Limited (the Company) fixed through Asian Markets Securities Private Limited (AMSEC) on Monday, April 26, 2021 at 4.00 P.M. on Q4FY21 of the Company .

Further, the said presentation will be made available on Company’s website at www.controlprint.com

This is for your information and record.

Yours sincerely,

For Control Print Limited

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Reena Shah

Company Secretary & Compliance Officer

Control Print Limited, C-106, Hind Saurashtra Industrial Estate, Andheri-Kurla Road, Marol Naka, Andheri (East), Mumbai 400059, India t. +91 22 28599065 / 66938900 | f. +91 2228528272 | e. ho@controlprint.com I w. www.controlprint.com CIN. L22219MH1991PLC059800

MUMBAI (Regd.Office). AHMEDABAD. BENGALURU. CHANDIGARH. CHENNAI. COLOMBO. DELHI. GUWAHATI HYDERABAD. JAMSHEDPUR. KOLKATA. NALAGARH. PUNE. VASAI

• INVESTOR PRESENTATION 4Q and FY2021

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R e fe r to d i s claim er Q4 & FY21 - Investor presentation

Disclaimer

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This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any securities of Control Print Limited nor shall or of this document form the basis or be relied on in (“CPL”, "Company“), part, all, of, connection with, any contract or investment decision in relation to any securities of the Company.

This document is confidential and not be distributed or transmitted to in whole or in strictly may copied, published, any person, part, by any medium or in any form for any purpose. The information in this document is being provided by the Company and is subject to change without notice. The relies on information obtained from sources believed to be reliable but does not its or Company guarantee accuracy completeness.

This document contains statements about future events and expectations that are forward-looking statements. These statements contain words such as and and words of similar statement in this document that is not a typically "expects" "anticipates" import. Any statement of historical fact is a forward looking statement that involves known and unknown risks, uncertainties and other factors which cause our actual or achievements to be different from future or may results, performance materially any results, performance achievements or such statements. None of the future estimates or expressed implied by forward-looking projections, expectations, in this document should be taken as forecasts or nor should be taken as assurance or prospects promises they implying any indication, guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the document. The Company assumes no obligations to update the forwardlooking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

You acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company.

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Contents

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Quarterly
Company
Performance
Key notes
Overview
Highlights
Annual
Way
Performance
Forward
Highlights
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Com an Overview p y

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Control Print has over 30 years of operational experience in the Indian coding and marking industry. With over 360 field staff and two state of the art factories, we are India's strongest and most reliable partner to you our customers.

Our representatives tailor their purchase advice based on your needs as a customer. We are committed to ensuring that with Control Print you the customer will have one less thing to worry about.

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Products

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Large Character
Printer
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High Hot Roll Large Character
Continuous InkJet
Resolution Printer Coder Printer
Printer
Thermal Transfer Consumables
Laser Printer
Thermal Inkjet
Printer Overprinter
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Industries We Serve

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Agrochemicals and Seeds Automotive Beverages

Building and Construction Materials Cable and Wire Cement Chemicals and Lubricants Electronics FMCG

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Food Healthcare Packaging and Packaging Materials Plywood Pipes and Extruded Plastics Rubber and Tyres Steel and Metal Textiles

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Key Notes

Crisil re-affirms credit rating at ‘A’ Only integrated “Make in India” manufacturer

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Installed base of printer crosses 13,000 mark

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Company maintains Top 1000 position as per market cap on NSE

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• QUARTER PERFORMANCE HIGHLIGHTS

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Ke hi hli hts for the uarter y g g q

Revenue Growth Third consecutive quarter of highest ever Revenue All business verticals contributed towards the growth in the quarter and the year. New product launches of TTO, TIJ & High Rise delivered their highest performance.

Profitability Upside

All performance parameters (EBITDA,PBT,PAT) strengthened. Strong EBITDA growth for the quarter led by higher revenue and stringent cost control.

Positives

Improved working capital days led by a sustainable improvement in inventory days.

Annual revenue has over FY20 grown to cross the Rs.2 bn mark inspite of losing out ~2 months to the national lockdown.

Final dividend declared Rs 4.5 per share (FV: Rs 10) Total Dividend for FY21 : Rs 8.5 per share Dividend Payout of 47.2%

New sectoral breakthroughs

The company is now a market leader in the MDF sector.

Continued dominance in the Pipe Industry – breakthrough order from a competitor account in the sector.

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Brief Financials for the quarter

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Particulars (Rs mn)	Q4FY21	Q3FY21	Q4FY20	YoY (%)	FY2021	FY2020
Net sales	610.8	546.4	462.3	32.2%	2036.9	1,949.2
Gross Profit	358.5	328.0	276.6	29.6%	1251.0	1,218.5
Gross margin (%)	58.68	60.03	59.85	-117 bps	61.42	62.5
EBITDA	152.3	131.0	85.1	79.0%	498.2	461.0
EBITDA margin (%)	24.94	23.98	18.41	+653 bps	24.46	23.7
EBIT	130.4	96.0	65.1	100.2%	383.0	382.1
PBT (excl. exceptional)	128.5	92.3	62.2	106.7%	370.9	373.5
PAT (excl. exceptional)	107.2	76.2	55.4	93.4%	311.8	309.3
PAT margin (%)	17.56	13.95	12.00	+556 bps	15.3	15.9
Exceptional (loss)/gain	0.1	1.5	(26.8)	-	(17.9)	(42.9)
EPS(Rs)(excl. exceptional)	6.57	4.67	3.40	93.4%	19.09	18.94
Dividend per Share (Rs.)	Final: Rs 4.5*	Interim : Rs 4.0	Final: Rs 4.5		Total: Rs 8.5*	Total: Rs 8.0

• Subject to shareholder approval at the AGM

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Synopsis of Quarterly Performance (1/2)
Highest ever revenue for third
consecutive quarter
611
630
400 75.0
546
560
530
512 350
501
474
490 460 462 70.0
300 67.6
420
250
349
65.0
350
200 63.9 64.0
63.5
280 62.5
60.0
150
60.1
210 59.9
58.8 58.7
100
140
55.0
50
70
0 0 50.0
Net Sales Gross Profit Gross Margin (%)
(%)
Rs. in Mn
Rs. in Mn
Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2FY21 Q3FY21 Q4FY21 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3FY21 Q4FY21
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Synopsis of Quarterly Performance (2/2)

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160
152
143
140 133
130 131 130
124
122
120 113
110
99
96
100 93
91
85 85
80
65 64
60
40
20
0
EBIDTA EBIT
Rs. in Mn
Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2FY21 Q3FY21 Q4FY21
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Continued sequential
improvement in EBITDA Margin
35%
31.1%
30% 28.1%
23.98%
24.3% 24.94%
23.8% 22.6% 24.5%
25%
27.0%
18.4%
20% 23.3%
21.35%
19.4%
18.4%
18.2% 17.60%
15% 17.4%
14.1%
10%
5%
0%
EBIT Margin EBIDTA MARGIN
Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2FY21 Q3FY21 Q4FY21
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• ANNUAL PERFORMANCE HIGHLIGHTS

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Annual Profit & Loss Statement

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Particulars (Rs mn)	FY17	FY18	FY19	FY20	FY21
Net sales	1,473.5	1,739.3	1,746.0	1,949.2	2036.9
Gross Profit	953.2	1186.3	1132.0	1218.5	1251.0
Gross margin (%)	64.70	68.21	64.84	62.51	61.42
EBITDA	382.6	501.6	399.8	461.0	498.2
EBITDA margin (%)	25.96	28.84	22.90	23.65	24.46
EBIT	351.9	437.5	333.9	382.1	383.0
PBT (excl. exceptional)	341.3	424.5	331.2	373.5	370.9
PAT (excl. exceptional)	261.2	355.6	255.5	309.3	311.8
PAT margin (%)	17.73	20.44	14.63	15.87	15.3
Exceptional (loss)/gain	(0.4)	(39.3)	45.0	(42.9)	(17.9)
Adjusted EPS(Rs)(excl. exceptional)	14.1	16.9	21.2	13.7	19.09
Reported EPS(Rs) (incl exceptional)	12.6	19.3	18.4	16.3	18.00
Dividend per Share (Rs.)	6.0	6.5	6.5	8.0	9.5
Dividend Payout (%)	48%	34%	36%	50%	47%

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Synopsis of Annual Performance (1/2)

Revenue (Rs mn)

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2,500
2,036.9
1,949.2
2,000
1,739.4 1,746.0
1,473.5
1,500
1,345.2
1,000
500
0
FY16 FY17 FY18 FY19 FY20 FY21
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80.0
68.2
70.0 66.3
64.7 64.8
62.5
61.42
60.0
50.0
Gross Margins maintained above 60%
40.0 EBITDA Margin maintained above 24%
27.8
30.0
25.8
25.0 25.3
24.46
23.6
20.0
10.0
-
FY16 FY17 FY18 FY19 FY20 FY21
Gross Margin (%) EBITDA (%)
(%)
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Synopsis of Annual Performance (2/2)

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30.0
28.0
26.0 25.0 Mid to high teen PAT
margins maintained
24.0
22.2
21.4 21.4
22.0
19.2
20.0
18.2
18.0 19.2
17.4
16.0
17.1
16.8
15.9
14.0 15.3
12.0
10.0
FY16 FY17 FY18 FY19 FY20 FY21
PAT (%) PBT (%)
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30.0
28.0
26.0 Low tax rate led by Guwahati
24.5
23.3 operations tax benefits
24.0
22.0
20.3
20.0
18.5
17.2
18.0
16.7
16.0
14.0
12.0
10.0
FY16 FY17 FY18 FY19 FY20 FY21
Tax rate (%)
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WAY FORWARD

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Way Forward

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Higher Newly Replacement Larger Market Focused Consumables Launched Market, OEM Share with Mask Division marketing plans Sales with products to and Key increasing contributes in to capture last improved deliver Accounts to be installed base mile user FY21-22 industrial exponential the drivers of printers. production growth

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T H A N K Y O U F o r fu r th e r i n fo r m ation pleas e c o n ta c t R a h u l K h e t t ry KA P T I F Y[®] C h ie f F in a n c ial Of f ic e r E ma il: c fo @ c o ntr olpr int.c om W e b s ite : w w w.c ontr olpr int.c om

S t r a t eg y & In v e s t o r A d v is o ry | C o n s u lt in g E mail: contact@ kaptify.in | +91 - 845 288 6099 W e b s ite : w w w.k aptify .in

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