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 • 2008 Enhanced capacities of CPC bl e

90%

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

rs,

rom top 5 customers - 90% 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 1 15 9 20 6 5 4 12 19 8 3 2

80%

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

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

ILWIND 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 th

25%

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

20%

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

50%

HPP & others Global customers Looking to shift from China 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 • Have required approvals to expand

“stake Asahi Songwon Colors will acquire an additional in Atlas Life Sciences Private Limited each year for the next y 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 and will be funded through a combination of internal accrual and debt.”

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

“On the internal measures, with improvement in logistics, we have started shifting back towards the just in time inventory and expect our working capital cycle to improve going forward.”

“capital cycle to improve going forward expected troubles iti i 29 While we have had a slow start to the third quarter, we expect demand to pick up from Q4FY23 as the restocking comes to an end.”

“On the Azo front we have achieved the required product quality levels on a required product quality levels on a number of products, and expect quick ramp up as the overall demand scenario improves and we expect Azo pigment to our be a major consolidated business.”

Products manufactured

2

Products manufactured

Phthalocyanine Pigments Phthalocyanine Pigments Waste and effluent treatment facilities available • CPC Blue crude • Beta Blue • Alpha Blue Available capacities • 10,200 TPA CPC Blue 10 200 TPA CPC Bl 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. expansion - 25 000 sq. mt. g Team strength of 475 people ll ti N f No forced pollution d 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 T til Textiles Colours Limited it d (TTC) to manufacture red, yellow and orange Azo pigments. C l Li 14 WHY AZO PIGMENTS WHY AZO PIGMENTS CHINA +1 A STRONG TAILWIND 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 through

Products manufactured

Azo Pigments Azo Pigments Waste and effluent treatment facilities available Situated on 60,000 sq. mt. plot Capacities expandable upto - 10,000 TPA upto - 10 000 TPA Available capacities • 1,200 TPA Red Pigments 1 200 TPA R d Pi • 1,200 TPA Yellow Pigments Team strength of 80 people p p g fi ld 2 b Ph Phase 2 brownfield capex to begin after reaching 50% capacity utilization levels Available area for further expansion to meet future demand requirements d t i d 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 SALIENT FEATURES FINANCIAL HIGHLIGHTS 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 f d t i ti Market leader in Established R&D center with team strength of Currently plant running at utilizations FY22 (₹ IN CRORE) Unaudited Figures REVENUE EBITDA PAT