Asahi Songwon Colors Limited

₹33.50 crore

n and supply agreement with DIC Japan • 2007 – The company went public and successfully raised ₹33.50 crores from IPO. • 2008 – Enhanced capacities of CPC blue crude from 3,000 TPA to 7,000 TPA and setup

90%

Presence in 18 countries and Ramping up operations Revenue contributions from top 5 customers - 90% Revenue contributions from top 5 customers - Over the last few years, the revenue contributions

rs,

ns from top 5 customers - 90% Revenue contributions from top 5 customers - Over the last few years, the revenue contributions from the ink industry have come down from more than 90% to ~ 55% 06 A

55%

ew years, the revenue contributions from the ink industry have come down from more than 90% to ~ 55% 06 A s a h i S o n g w o n C o l o r s L i m i t e d 07 • List of countries we export to 1. US

80%

s 08 • We have not lost a single customer in our more than 3 decades of existence • More than 80%of business is repeat business OTHER MARQUEE CLIENTS A s a h i S o n g w o n C o l o r s L i m i

70%

nt force in the markets by continuously taking share away from China, which contributed more than 70% share in phthalocyanine pigments. Today India caters to more than 70% of phthalocyanine pigment r

100%

requirements across the globe. 12 • One of largest manufacturer of CPC Blue crude globally • 100% revenue contributor for the company till Q3FY21 • Major raw materials – Phthalic Anhydrite & C

5 billion

NTS CHINA +1 A STRONG TAILWIND The global organic and specialty pigment market is estimated at $5 billion and Azo is the largest in volume. High demand that is largely met through imports from China D

25%

manufacturing will ensure lower cost of production Very few operational player in the segment 25% 20% 55% Azo Pigments Phthalocyanine Pigments HPP & others Global customers Looking to shi

20%

acturing will ensure lower cost of production Very few operational player in the segment 25% 20% 55% Azo Pigments Phthalocyanine Pigments HPP & others Global customers Looking to shift fr

50%

nine Pigments HPP & others Global customers Looking to shift from China • China accounts for >50% of global pigment production. • Production shift from China to put Asahi in a sweet spot. A s a h

₹82 crore

g up a state of the art Red & Yellow Azo pigment Plant with Capacity of 2400 TPA Cost of project ~₹82 crores • Have required approvals to expand capacities to 10,000 TPA • • • Ramp up of yellow pigment

“stake Asahi Songwon Colors will acquire an additional in Atlas Life Sciences Private Limited each year for the next two years based on performance metrics, bringing the company's equity stake to 100% by the end of FY25.”

“The greenfield project is estimated to cost and will be funded through a combination of internal accrual and debt.”

“KEY PRODUCERS OF PG IN INDIA The global consumption of PG is 1,430 T growing at 10% CAGR.”

“We expect all the investments made during the last two years indeed to hold the Company in good stead, going forward.”

“The current market conditions are very challenging and we expect this cyclical dip to play itself out in a few months.”

“On the API front, we have recorded a record top line however the margins here too were under pressure and the operating performance will significantly improve going forward.”

“On a consolidated basis, we expect a strong bounce back in our operating performance coupled with robust revenue growth as our investments in API and Azo's start to pay off.“ A s a h i S o n g w o n C o l o r s L i m i t e d Mr.”

Products manufactured

2

Products manufactured

Phthalocyanine Pigments Waste and effluent treatment facilities available • CPC Blue crude • Beta Blue • Alpha Blue Available capacities • 10,200 TPA CPC Blue crude • 3,600 TPA Beta Blue • 600 TPA Alpha Blue Situated on 98,000 sq. mt. plot Available area for further expansion - 25,000 sq. mt. Team strength of 475 people No forced pollution shutdown in the last decade Green cover around factory premises A s a h i S o n g w o n C o l o r s L i m i t e d At Asahi Songwon has entered into a joint venture with UK’s leading colour manufacture Tennants Textiles Colours Limited (TTC) to manufacture red, yellow and orange Azo pigments. 14 WHY AZO PIGMENTS CHINA +1 A STRONG TAILWIND The global organic and specialty pigment market is estimated at $5 billion and Azo is the largest in volume. High demand that is largely met through imports from China Domestic manufacturing will ensure lower cost of production Very few operational player in the segment 25% 20% 55% Azo Pigments Phthalocyanine Pigment

Products manufactured

Azo Pigments Waste and effluent treatment facilities available Situated on 60,000 sq. mt. plot Capacities expandable upto - 10,000 TPA Available capacities • 1,200 TPA Red Pigments • 1,200 TPA Yellow Pigments Team strength of 80 people Phase 2 brownfield capex to begin after reaching 50% capacity utilization levels Available area for further expansion to meet future demand requirements A s a h i S o n g w o n C o l o r s L i m i t e d 17 SALIENT FEATURES FINANCIAL HIGHLIGHTS Incorporated in member team strength Key Products include • Pergabalin • R-Compound • Levosulpiride • Amisulpride • Glicazide • Phenylephrine under research and development, including 6 new molecules and intermediates for existing products Market leader in Established R&D center with team strength of Currently plant running at utilizations FY22 (₹ IN CRORE) Unaudited Figures REVENUE EBITDA PAT A s a h i S o n g w o n C o l o r s L i m i t e d ABOUT ATLAS LIFE SCIENCES PRIVATE LIMITED Atlas is a leading manufacturer