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

rs 2023

ew products Added and entered new products of AZO pigments and APIs 2015 Served 19 customers 2023 Serving more than customers currently Presence in 18 countries serving customer across 22 countr

90%

18 countries serving customer across 22 countries Revenue contributions from top 5 customers - 90% Revenue contributions from top 5 customers - Continuous investments made towards making the bus

rs,

ous investments made towards making the business and Ramping up operations 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 FY21 • Major raw materials – Phthalic Anhydrite & Cur

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

“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 are on track with our preparations, and we expect the trials to commence by the end of the first half of the next financial year.”

“We expect the ramp up to follow for our red pigments production as well.”

“Given the buoyant demand, we plan to debottleneck our yellow pigment capacity and may soon disclose our capex plans pertaining to the same.”

“We remain confident that the coming quarters will be significantly better than the previous ones.”

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 SALIENT FEATURES FINANCIAL HIGHLIGHTS 17 Incorporated in member team strength ABOUT ATL AS LIFE SCIENCES PRIVATE LIMITED Atlas is a leading manufacturer of Anti-convulsant, Anti-psychotic and Anti-diabetic APIs with a strong focus on product and process research. Key Products include • Pergabalin • R-Compound • Levosulpiride • Amisulpride • Glicazide • Phenylephrine under research and development, including 6 new molecules and intermediates for existing products FY23 (₹ IN CRORE) Audited Figures REVENUE PBT Market leader in Established R&D center with tea