#1INVESTOR PRESENTATION 4Q and FY2021 CONTROL PRINT⚫ Refer to disclaimer Dairy & Food is GAYATHRI DAIRY PVT LTD rketed by 27 Alemur Road, R$ 60/- USE BY 25 JAN 19 BNO-T RY 25 hadutx Products 515001. A.P www.grathrimilk.com NGREDIENTS గరుగు Industrials SEP 12 MRP RS325 0894 Healthcare Manjishtha (Rubia (Butea monosperma-Fl.), malabaricum-Exd.) each 50; ase Q.S.; preservative: Sodium YU-1009 SFF1801 94/2018 03/2020 S) Building Kisan किसान Products FMCG EN. 6504006017 06.03.17 16:07 MRFRs. 45#2Disclaimer CONTROL PRINT 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 ("CPL", "Company"), nor shall part, or all, of this document form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities of the Company. This document is strictly confidential and may not be copied, published, distributed or transmitted to any person, in whole or in 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 Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. This document contains statements about future events and expectations that are forward-looking statements. These statements typically contain words such as "expects" and "anticipates" and words of similar import. Any statement in this document that is not a statement of historical fact is a forward looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. None of the future projections, expectations, estimates or prospects in this document should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or 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 forward- looking 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. ● Q4 & FY21 - Investor presentation 2#3Contents 1 Company Overview 4 ● Q4 & FY21 - Investor presentation 2 Key notes Annual Performance Highlights 5 Way Forward CONTROL PRINT 3 Quarterly Performance Highlights 3#4Company Overview 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. 2 29+ YEARS EXPERIENCE FACTORIES 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. ● Q4 & FY21 - Investor presentation CONTROL PRINT STRENGTH OUR ST 360+ FIELD STAFF * 5 11 COUNTRIES BRANCHES 4#5Products Continuous InkJet Printer alphaJET P ASDFGHJK 12 Thermal Inkjet Printer High Resolution Printer Hot Roll Coder ● Q4 & FY21 - Investor presentation Thermal Transfer Overprinter の CONTROL HRC+ PRINT Jolla KIP-1030 SPA Large Character Printer CONTROL PRINT CONTROL PRINT Laser Printer Consumables 5#6Industries We Serve 0.02 JUN 2017 MRP RS 55 B.No. AD4586321 MFG DATE 02/10 BLK 27 98 982504 BT 215006255 BT 215 BT 215 OT 2 CEB-214455 02 FEB 16 222 82 FEB 16 222 CB0-214455 02 FEB 1 38 SEP 12 MRP RS323 J52541256 BEST BY 05/16 M85 100 Agrochemicals and Seeds Automotive Beverages Building and Construction Materials Cable and Wire Cement Chemicals and Lubricants Electronics FMCG ● Q4 & FY21 - Investor presentation END ZYN WATE ° CUL 0 0 0 CONTROL PRINT Food Healthcare Packaging and Packaging Materials Plywood Pipes and Extruded Plastics Rubber and Tyres Steel and Metal Textiles 6#7Key Notes CONTROL PRINT Crisil re-affirms credit rating at 'A' Installed base of printer crosses 13,000 mark Only integrated "Make in India" manufacturer Company maintains Top 1000 position as per market cap on NSE ● Q4 & FY21 - Investor presentation 7#8QUARTER PERFORMANCE HIGHLIGHTS ● Q4 & FY21 - Investor presentation CONTROL PRINT 8#9Key highlights for the quarter CONTROL PRINT 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. G Profitability Upside All performance parameters (EBITDA, PBT, PAT) strengthened. Strong EBITDA growth for the quarter led by higher revenue and stringent cost control. 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. Positives Improved working capital days led by a sustainable improvement in inventory days. Annual revenue has grown over FY20 to cross the Rs.2 bn mark inspite of losing out ~2 months to the national lockdown. Continued dominance in the Pipe Industry - breakthrough order from a competitor account in the sector. ● Q4 & FY21 - Investor presentation 9#10Brief Financials for the quarter CONTROL PRINT 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) Dividend per Share (Rs.) 6.57 4.67 3.40 93.4% 19.09 18.94 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 Q4 & FY21 - Investor presentation 10#11§ 350 Rs. in Mn 280 210 140 70 0 Q4 FY19 Q1 FY20 ● Q4 & FY21 - Investor presentation Q2 FY20 Synopsis of Quarterly Performance (1/2) Highest ever revenue for third consecutive quarter 630 611 400 546 560 530 512 350 501 490 474 460 462 300 420 Q3 FY20 Net Sales Q4 FY20 Q1 FY21 Q2FY21 Q3FY21 Q4FY21 349 0 Rs. in Mn 150 100 50 Q4 FY19 Q1 FY20 250 200 63.9 64.0 63.5 62.5 Q2 FY20 Gross Profit Q3 FY20 Q4 FY20 Q1 FY21 CONTROL PRINT 70.0 67.6 60.0 59.9 60.1 58.8 58.7 55.0 Q2 FY21 --Gross Margin (%) 11 Q3FY21 Q4FY21 50.0 65.0 (%) 75.0#120 100 § 80 ✓ 60 40 20 Q4 FY19 Q1 FY20 Q2 FY20 EBIDTA Q4 & FY21 - Investor presentation Synopsis of Quarterly Performance (2/2) 160 143 140 133 124 122 120 113 110 99 91 Q3 FY20 Q4 FY20 Q1 FY21 EBIT Q2FY21 Q3FY21 152 35% 31.1% 130 131 130 30% 10% 28.1% 25% 23.8% 22.6% 24.3% 23.98% 24.94% 24.5% 27.0% 96 93 85 85 20% 23.3% 18.4% 19.4% 65 = 18.4% 64 15% 18.2% 17.4% 17.60% 21.35% Q4FY21 0% 5% Q4 FY19 Q1 FY20 Q2 FY20 --EBIT Margin Q3 FY20 Q4 FY20 Q1 FY21 EBIDTA MARGIN 14.1% Q2FY21 12 Q3FY21 Q4FY21 CONTROL PRINT Continued sequential improvement in EBITDA Margin#13ANNUAL PERFORMANCE HIGHLIGHTS ● Q4 & FY21 - Investor presentation CONTROL PRINT 13#14Annual Profit & Loss Statement CONTROL PRINT 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 8.5 Dividend Payout (%) 48% 34% 36% 50% 47% Q4 & FY21 - Investor presentation 14#15Synopsis of Annual Performance (1/2) 2,500 Revenue (Rs mn) 80.0 CONTROL PRINT 68.2 70.0 66.3 2,036.9 64.7 64.8 2,000 1,949.2 62.5 61.42 60.0 1,739.4 1,746.0 1,473.5 50.0 1,500 1,345.2 @ 40.0 Gross Margins maintained above 60% EBITDA Margin maintained above 24% 1,000 500 0 FY16 FY17 FY18 FY19 FY20 FY21 ● Q4 & FY21 - Investor presentation 30.0 27.8 25.0 25.8 25.3 23.6 24.46 20.0 10.0 FY16 FY17 FY18 FY19 Gross Margin (%) -EBITDA (%) FY20 FY21 15#16Synopsis of Annual Performance (2/2) CONTROL PRINT 30.0 30.0 28.0 28.0 26.0 25.0 Mid to high teen PAT 26.0 24.5 margins maintained 24.0 24.0 23.3 Low tax rate led by Guwahati operations tax benefits 22.2 21.4 21.4 22.0 22.0 20.0 19.2 20.0 18.2 20.3 18.5 18.0 19.2 18.0 17.2 16.7 16.0 17.4 16.8 17.1 16.0 15.9 14.0 15.3 14.0 12.0 12.0 10.0 10.0 FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21 PAT (%) PBT (%) Q4 & FY21 - Investor presentation -Tax rate (%) 16#17● Q4 & FY21 - Investor presentation WAY FORWARD CONTROL PRINT 17#18Way Forward * CONTROL PRINT. Higher Consumables Sales with improved industrial production Newly Launched products to deliver exponential growth Replacement Market, OEM and Key Accounts to be the drivers Focused marketing plans to capture last mile user Larger Market Share with increasing installed base of printers. Mask Division contributes in FY21-22 ● Q4 & FY21 - Investor presentation 18#19CONTROL PRINT CERTIFIED ISO 9001:2008 COMPANY CONTROL PRINT THANK YOU For further information please contact KAPTIFYⓇ Strategy & Investor Advisory | Consulting Email: [email protected] | +91-845 288 6099 Website: www.kaptify.in Rahul Khettry Chief Financial Officer Email: [email protected] Website: www.controlprint.com ● Q4 & FY21 - Investor presentation 19