Asian Granito India Limited

rs,

12, 2022 To, Corporate Relations Department, Bombay Stock Exchange Limited, 2nd Floor, P.J Towers, Dalal Street, Mumbai-400 001 Scrip Code: 532888 Dear Sir/Madam, Subject: Investor Presentatio

Rs.310.03 crore

y AGL – CONSOLIDATED RESULTS SUMMARY Q1FY2023 1) Revenue from operations for the Q1FY2023 grew to Rs.310.03 crores, registering 14% growth over previous year. During the quarter volume growth remains lower due to

14%

SUMMARY Q1FY2023 1) Revenue from operations for the Q1FY2023 grew to Rs.310.03 crores, registering 14% growth over previous year. During the quarter volume growth remains lower due to decline in sales o

20%

harged. 2) Margin during the quarter decline sharply due to impact of steep price rise in gas (QoQ 20% increase in gas price of Crystal Ceramics due to non availability of APM gas results into spot purc

58%

FY2023 and reduction of margin on traded goods. 3) Capacity utilization for the quarter was around 58% on account of product change over in Amazoone and Crystal Ceramics. Amazoone product is currently s

Rs.41 crore

in capacity utilization will be seen from Q3FY2023. 4) Export revenues during the quarter stood at Rs.41 crores. Exports during the quarter remain subdued on account of high shipping freight costs and Container

Rs. 173 crore

. Post monsoon season, the civil work will prick up its pace. We have targeted total expenditure of Rs. 173 crores under this green field project for manufacturing of big slab tiles. Outlook: Demand for tiles in

13.6%

rofit Margin Minority Interest Associate / JV OCI Total Comprehensive Income Net Profit Margin YoY 13.6% 18.7% 17.1% 54.9% 20.2% -78.4% -740 Bps 6.7% -6.7% -10.1% AGL Consolidated Rs. In Crs Q1FY23 310

18.7%

Margin Minority Interest Associate / JV OCI Total Comprehensive Income Net Profit Margin YoY 13.6% 18.7% 17.1% 54.9% 20.2% -78.4% -740 Bps 6.7% -6.7% -10.1% AGL Consolidated Rs. In Crs Q1FY23 310.0 200

17.1%

Minority Interest Associate / JV OCI Total Comprehensive Income Net Profit Margin YoY 13.6% 18.7% 17.1% 54.9% 20.2% -78.4% -740 Bps 6.7% -6.7% -10.1% AGL Consolidated Rs. In Crs Q1FY23 310.0 200.2 29.

54.9%

ity Interest Associate / JV OCI Total Comprehensive Income Net Profit Margin YoY 13.6% 18.7% 17.1% 54.9% 20.2% -78.4% -740 Bps 6.7% -6.7% -10.1% AGL Consolidated Rs. In Crs Q1FY23 310.0 200.2 29.1 43.4

20.2%

terest Associate / JV OCI Total Comprehensive Income Net Profit Margin YoY 13.6% 18.7% 17.1% 54.9% 20.2% -78.4% -740 Bps 6.7% -6.7% -10.1% AGL Consolidated Rs. In Crs Q1FY23 310.0 200.2 29.1 43.4 32.0

“However, in coming times, we expect the sea freight costs and container availability issues to settle to normal levels.”

“As this play becomes more interesting going forward, Indian manufacturers like AGL, having right kind of technologies, product focus and innovation and broad portfolio of offerings are bound to emerge as leaders in this lucrative market.”

“We expect the challenges of containers shortage, freight escalation, etc.”

“12.2% Sales CAGR Since 2009 12.0% RoCE FY22 *Total 9 units operating under 5 facilities including those owned by Subsidiaries and Associates 9 A Journey Full of Evolution and Growth AGL’s Journey is full of evolution, expansions and diversifications presenting the true example of staying relevant, always AGL Group was incorporated & commenced operations First Plant of Ceramic Floor Tiles with 2,500 Sq.”

“Source: Industry Estimates 29 India’s Ceramic Tiles Exports Not leaving any stone unturned, India surpassed Spain to become 2nd Largest Exporter of Ceramic Tiles globally after China India’s Pie in Global Ceramic Tiles Exports in CY2020 % of World Exports 38%+ CAGR growth in Ceramics exports from India (figures in sq.mt.”

Outlook

1

Outlook

Demand for tiles in domestic market likely to remain mix bag on account of inflation pressure on retail as well as institutional customers, however we believe that government will continue to spend on low cost housing and construction which will drive demand for ceramic products. Export market continue to remain slightly sluggish , however new avenue for companies continue to open resulting good growth in coming quarter. Margin will continue to remain under pressure in coming quarter on account of inflationary pressure on input cost and limited ability to pass on cost pressure to end customer current level. 2 AGL – CONSOLIDATED & STANDALONE - PROFIT & LOSS FOR Q1FY2023 . Particulars Total Income from Operations COGS Employee benefits Exps. Power & Fuel Other Expenses EBITDA EBITDA Margin Depreciation EBIT EBIT Margin Other Income Finance Cost PBT PBT Margin Tax Expenses Net Profit Net Profit Margin Minority Interest Associate / JV OCI Total Comprehensive Income Net Profit Margin YoY 13