Morepen Laboratories : Investors Presentation Q4' FY 2023 2024

Q4'INVESTOR

Leading Player in

Medical Devices and APIs

Presentation - May 2024

MOREPEN LABORATORIES LIMITED

SAFE

HARBOUR

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INDEX

1

2

3

4

5

Executive Summary

Business Segments

Financial Overview

Expansion Playbook

Management Team

INDEX

• Executive Summary

Outstanding Performance

Medical Devices and APIs

• Executive Summary

Business Segments:

	Medical Devices
			APIs
	Point of Care			Bulk Drugs

Rx Formulation

OTC Products

Over

80%

Revenue comes from

Medical Devices & APIs

OTC

Rx 5.2% 12.8%

API

Devices55.7% 26.3%

revenue split FY24

• Executive Summary
  Company Positioning:

	Market leader				Leading BP Monitor
	Glucometers*				manufacturer*

						68%
	Exporting to over 80				68% Export
	countries					for API

Celebrating 40th year

of the Journey

Category Leaders in six APIs*

Debt Free

Company**

With Robust Financials with negligible interest burden

Consistent Growth in top and bottom line

**Excluding Car loans and LC/OD facility against Fixed Deposits of the company

• Executive Summary

Operational Perfomance:

Rs. in Crores

Annual EBITDA

200172.60

150101%

Rs. in Crores

Annual PAT

10096.62

80150%

101%

Jump in the EDITDA with higher revenues and better gross margins

Cash

Generatration -pre tax

100 85.67

50

0

FY23 FY24

60

40

20

0

38.67

FY23 FY24

200168.89

150103%

100 83.69

50

0

FY23129

FY24

137

127

Rs. in Crores

INDEX

• Business Segments

Category Leader in

Medical Devices and APIs

Business Segments

2 Medical Devices

Category Leader in Medical Devices :

BloodBloodGlucometersGlucometer			BP Monitors

Leading	19%	Market	18%	Market
Brands	Share*	Share*

Other Portfolio :	Thermometers	Pregnancy Kits	Ortho Support
	Weighing Scales	Oximeters	Stethoscope

Over

95%

Business comes from Glucometers and BP Monitors

100% in-house production, started in Baddi at 2015 including injection moulding.

Glucometers manufactured from bare PCBs, with low dependence on import

Facilities as per global standards, approved by ISO:13485

Capacity Expansion is an going process

*Industry Report (FY23)

• Medical DevicesBusiness Segments

Operational Perfomance:

Rs. in Crores

Annual Revenue

500443

40035%

327

300

200

100

0

FY23 FY24

Rs. in Crores

Quarterly Revenue

10089

80
70	28%
60

40

20

0

Q4'FY23 Q4'FY24

35%

Increase in revenue with excellent

come back in Glucometers

Annual revenue grew from Rs.327 cr last year to Rs. 443 cr, recording a leap of 35% in FY24.

Quarterly revenue jumped 28% in Q4 on y-o-y basis.

More pressure to produce more to keep pace with demand.

More and more backward integration to control the costs and supply chain.

Rs. in Crores