Epigral Limited

rs. 2

any promise to update/provide such presentation along with results to be declared in the coming years. 2 | MEGHMANI FINECHEM LIMITED MFL Corporate Film 3 | MEGHMANI FINECHEM LIMITED Company Over

32%

orate Film 3 | MEGHMANI FINECHEM LIMITED Company Overview Founded: 2007 Employees: 900+ 32% 29% 5 Year Revenue CAGR (FY22) 5 Year EBITDA CAGR (FY22) 1.3x 29% Capacity: Chlor-Alkal

29%

Film 3 | MEGHMANI FINECHEM LIMITED Company Overview Founded: 2007 Employees: 900+ 32% 29% 5 Year Revenue CAGR (FY22) 5 Year EBITDA CAGR (FY22) 1.3x 29% Capacity: Chlor-Alkali# – 4

1.3x

ed: 2007 Employees: 900+ 32% 29% 5 Year Revenue CAGR (FY22) 5 Year EBITDA CAGR (FY22) 1.3x 29% Capacity: Chlor-Alkali# – 421 KTPA Derivatives# – 190 KTPA Debt to Equity (FY22) ROCE

40MW

orated as Subsidiary of MOL FY2010 Commissioned Greenfield Caustic Soda -119 KTPA CPP - 40MW FY2015 Commissioned and increased capacity Caustic Soda -167 KTPA CPP – 60 MW FY2017

60 MW

TPA CPP - 40MW FY2015 Commissioned and increased capacity Caustic Soda -167 KTPA CPP – 60 MW FY2017 Commissioned KOH – 21KTPA Converted all Membrane to Zero Gap FY2020 Commission

96 MW

g up R&D Centre FY2021 Commissioned and increased capacity Caustic Soda - 294 KTPA CPP – 96 MW H2O2 – 60 KTPA Awarded – “Responsible Care” certificate FY2023 Commissioned and increa

132 MW

ed capacity Epichlorohydrin – 50 KTPA CPVC Resin – 30 KTPA Caustic Soda – 400 KTPA CPP – 132 MW Setting 18.34 MW Wind- Solar Hybrid Power Plant Announced Expansion – CPVC Resin 45 KTPA

18.34 MW

ichlorohydrin – 50 KTPA CPVC Resin – 30 KTPA Caustic Soda – 400 KTPA CPP – 132 MW Setting 18.34 MW Wind- Solar Hybrid Power Plant Announced Expansion – CPVC Resin 45 KTPA 6 | MEGHMANI FINECH

13%

s Refrigerant Gas Water Treatment Electronics The addressable market for MFL is growing ~10-13% in the next 5 years giving it a huge headroom for growth 11 | MEGHMANI FINECHEM LIMITED Levers

74%

itioning to Value added Specialty Chemicals Transitioning to Value added products Chlor-Alkali – 74% FY2022 ₹1,551 Cr Derivatives 26% Chlor-Alkali – Chlor-Alkali – < 40% 40% FY2027E ₹5,0

₹1,551

lue added Specialty Chemicals Transitioning to Value added products Chlor-Alkali – 74% FY2022 ₹1,551 Cr Derivatives 26% Chlor-Alkali – Chlor-Alkali – < 40% 40% FY2027E ₹5,000 Cr Derivative

“900+ 32% 29% 5 Year Revenue CAGR (FY22) 5 Year EBITDA CAGR (FY22) 1.3x 29% Capacity: Chlor-Alkali# – 421 KTPA Derivatives# – 190 KTPA Debt to Equity (FY22) ROCE (FY22) Revenue from operations (₹ Cr) 5,000”

“15 | MEGHMANI FINECHEM LIMITED New Product Portfolio – Specialty Chemicals CPVC Resin  India’s CPVC Requirement: 140 KTPA  Demand CAGR: ~ 13% Epichlorohydrin (ECH)  India’s ECH Requirement: 80 KTPA  Demand CAGR: ~ 15% P i p e s a n d F i x t u r e s o Largest producer in India o Key raw material for heat resistant pipes o Antidumping duty Imposition on Imports from China and Korea creating opportunity for domestic Market.”

Founded

1

Employees

1

Certified

1

Manufacturing facility

1

Integration

1

New Value Chains

1

Employees

900+ 32% 29% 5 Year Revenue CAGR (FY22) 5 Year EBITDA CAGR (FY22) 1.3x 29% Capacity: Chlor-Alkali# – 421 KTPA Derivatives# – 190 KTPA Debt to Equity (FY22) ROCE (FY22) Revenue from operations (₹ Cr) 5,000

Manufacturing facility

Fully-integrated & automated complex FY18 FY19 FY18 FY21 FY22 FY27E # Chlor-Alkali : Caustic Soda - 400 KTPA and Caustic Potash - 21 KTPA Derivatives : CPVC Resin – 30 KTPA, Epichlorohydrin – 50 KTPA, Chloromethanes - 50 KTPA and Hydrogen Peroxide - 60 KTPA 4 | MEGHMANI FINECHEM LIMITED What are we into ESG Focus o Strong focus on sustainability - awarded with the ‘Responsible Care’ certificate by ICC Our Business o Leading producer of Chlor- alkali products and value added derivatives Competitive Advantage o Domestically produced ECH, CPVC and Chlorotoluene & its value chain to largely replace import Strategic Location o State of the art manufacturing facilities in Gujarat, Dahej –India’s leading PCPIR region Product Pipeline o Expanding product base to include value added products o Chlorotoluene and its value chain o Expanding CPVC Resin capactiy Our Products o Currently product profile comprises of • Chlor-Alkali • Chloromethane • Hydrogen Peroxide • Epichlorohydrin [ECH] • Chlorin

Integration

o Scale up capacities in existing products o New value added products in existing value chains o Improved market position Opportunities in high growth sectors: o Explore opportunities in various sectors o Increase presence & improve market share o Entering into products which are fully imported

New Value Chains

o Expand chemistry expertise to enter new value chains (specialty chemicals) o Addition of new reaction capabilities Achieving economies of scale: o Optimising existing complex o Achieving efficiency operations to become a low cost producer Vision – To achieve revenue of ₹ 5,000 Cr by FY2027 21 | MEGHMANI FINECHEM LIMITED Financial Performance – P&L Revenue from operations (₹ Cr) EBITDA (₹ Cr & %) PAT (₹ Cr & %) CAGR 32% 43% 44% 26% 25% 1,551 509 32% 32% 33% 598 710 611 829 312 255 261 194 183 155 253 16% 18% 12% 112 101 FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY2019 FY2020 FY2021 FY2022 EBITDA Margin PAT Margin 22 | MEGHMANI FINECHEM LIMITED Balance Sheet Ratios ROCE (%) ROE (%) Debt/EBITDA (x) 38% 36% 35% 36% 36% 2.7 29% 15% 16% 2.1 1.9 21% 16% 1.3 0.3 FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY2019 FY2020 FY2021 FY2022 23 | MEGHMANI FINECHEM LIMITED Historic Income Statement Particulars (₹ Cr) FY18 FY19 FY20 FY