EPL Limited — PPTs, 29-03-2026: Investor Presentation

EPL and Indovida are merging to create a consumer packaging leader for emerging markets, forming a ~$1 billion revenue entity with a combined valuation of ~$2 billion.

**Business Performance:** This merger combines EPL's flexible packaging leadership with Indovida's rigid PET packaging strength. The new entity will be highly focused on emerging markets, contributing ~75% of its revenue.

**Growth Drivers/Strategy:** The strategic goal is to build a scaled, multi-format packaging platform, expanding global reach and market share in high-growth regions. Sizable synergies from complementary operations and improved supply chain efficiency are expected to boost performance.

**Recent Developments:** Definitive agreements have been signed, following board approval. Indorama Ventures will become a co-promoter with 51.8% ownership, and Blackstone will hold a 16.6% stake. EPL CEO Hemant Bakshi will lead the combined company.

**Key Financial Metrics:** EPL is valued at INR 339 per share in the deal, a 70% premium to its previous closing price. The transaction is expected to be EPS accretive from Day 1. Projections show 2025 EBIT margin expanding from 12.4% (EPL) to 13.6% (merged entity), and RoCE increasing from 18.7% to 20.9%.

**Management Outlook:** Leadership views this as a defining moment, creating a stronger platform positioned for significant growth and value creation. The deal aims to enhance supply chain resilience and deepen market presence. Closure is anticipated in approximately 12 months.