Huhtamaki India Limited

INR 86.5

e lower sales due to continued focus on operational efficiency and mix • Depreciation lower by MINR 86.5 and MINR 140.9 for Q2 23 and H1 23 respectively, due to changed useful life and method of charging

INR 140.9

due to continued focus on operational efficiency and mix • Depreciation lower by MINR 86.5 and MINR 140.9 for Q2 23 and H1 23 respectively, due to changed useful life and method of charging depreciation

21.9 %

e 2023 MINRQ2 23Q2 22Change Q2 22H1 23H1 22Change H1 22Sale of products and services6,058.27,754.5-21.9 %12,518.414,865.2-15.8 %EBITDA420.9 403.34.4 %996.5 1,036.0-3.8 %EBITDA %6.95%5.20%7.96%6.97%EBIT305.

15.8 %

hange Q2 22H1 23H1 22Change H1 22Sale of products and services6,058.27,754.5-21.9 %12,518.414,865.2-15.8 %EBITDA420.9 403.34.4 %996.5 1,036.0-3.8 %EBITDA %6.95%5.20%7.96%6.97%EBIT305.4 183.866.2 %725.1 595.

34.4 %

hange H1 22Sale of products and services6,058.27,754.5-21.9 %12,518.414,865.2-15.8 %EBITDA420.9 403.34.4 %996.5 1,036.0-3.8 %EBITDA %6.95%5.20%7.96%6.97%EBIT305.4 183.866.2 %725.1 595.621.7 %EBIT %5.04%2.37

3.8 %

roducts and services6,058.27,754.5-21.9 %12,518.414,865.2-15.8 %EBITDA420.9 403.34.4 %996.5 1,036.0-3.8 %EBITDA %6.95%5.20%7.96%6.97%EBIT305.4 183.866.2 %725.1 595.621.7 %EBIT %5.04%2.37%5.79%4.01%Finance

6.95%

ervices6,058.27,754.5-21.9 %12,518.414,865.2-15.8 %EBITDA420.9 403.34.4 %996.5 1,036.0-3.8 %EBITDA %6.95%5.20%7.96%6.97%EBIT305.4 183.866.2 %725.1 595.621.7 %EBIT %5.04%2.37%5.79%4.01%Finance Cost-99.5 -77

5.20%

es6,058.27,754.5-21.9 %12,518.414,865.2-15.8 %EBITDA420.9 403.34.4 %996.5 1,036.0-3.8 %EBITDA %6.95%5.20%7.96%6.97%EBIT305.4 183.866.2 %725.1 595.621.7 %EBIT %5.04%2.37%5.79%4.01%Finance Cost-99.5 -77.528.

7.96%

58.27,754.5-21.9 %12,518.414,865.2-15.8 %EBITDA420.9 403.34.4 %996.5 1,036.0-3.8 %EBITDA %6.95%5.20%7.96%6.97%EBIT305.4 183.866.2 %725.1 595.621.7 %EBIT %5.04%2.37%5.79%4.01%Finance Cost-99.5 -77.528.4 %-1

6.97%

,754.5-21.9 %12,518.414,865.2-15.8 %EBITDA420.9 403.34.4 %996.5 1,036.0-3.8 %EBITDA %6.95%5.20%7.96%6.97%EBIT305.4 183.866.2 %725.1 595.621.7 %EBIT %5.04%2.37%5.79%4.01%Finance Cost-99.5 -77.528.4 %-167.6

866.2 %

.414,865.2-15.8 %EBITDA420.9 403.34.4 %996.5 1,036.0-3.8 %EBITDA %6.95%5.20%7.96%6.97%EBIT305.4 183.866.2 %725.1 595.621.7 %EBIT %5.04%2.37%5.79%4.01%Finance Cost-99.5 -77.528.4 %-167.6 -149.811.9 %Profit/(L

621.7 %

EBITDA420.9 403.34.4 %996.5 1,036.0-3.8 %EBITDA %6.95%5.20%7.96%6.97%EBIT305.4 183.866.2 %725.1 595.621.7 %EBIT %5.04%2.37%5.79%4.01%Finance Cost-99.5 -77.528.4 %-167.6 -149.811.9 %Profit/(Loss) before Tax*2

Registered Office

1

Cash flow driven by

1

Registered Office

Huhtamaki India Ltd. A-802, Crescenzo, C-38/39, G-Block, Bandra Kurla Complex, Bandra (E), Mumbai-400 051, Maharashtra. Tel: +91 (022) 6260 6800/6260 6900 CIN: L21011 MH1950FLC145537 www.flexibles.huhtamaki.in Earnings presentation – Q2 2023 Huhtamaki India Limited Dhananjay Salunkhe Managing Director Jagdish Agarwal Executive Director & CFO Disclaimer Information presented herein contains, or may be deemed to contain, forward-looking statements. These statements relate to future events or Huhtamaki India Limited's (the Company) future financial performance, including, but not limited to, strategic plans, potential growth, expected capital expenditure, ability to generate cash flows, liquidity and cost savings that involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from those expressed or implied by any forward-looking statements. By their nature, forward-looking statements

Cash flow driven by

82 • Higher Profit before tax (162) (89) (58) (251) (274) (495) (184) (2,084) Profit Before Tax Change in working capital Taxes Other operating cash flow adjustments* Net Investing activities Net financial items Net change in cash and cash equivalent* *Including exceptional item Jun-23 Jun-22 • Change in working capital mainly following decrease in receivables and inventories partially offset by a decrease in trade payables • Higher capex in H1 23 • Reduction in short term borrowings 9 July 20, 2023 Earnings Presentation April-June 2023 In our commitment to sustainability, we are proud to present Huhtamaki blueloop™ TM blueloop™ is our enterprise-wide sustainability brand aligned with our 2030 strategy to become the first choice in sustainable packaging solutions, driven by technology and operational excellence 10 July 20, 2023 Earnings Presentation April-June 2023 We are on a transformation journey to become the first choice in sustainable packaging solutions Our core business Reliabl