Ester Industries Limited

90%

print Experienced management team Strong Financial profile Sales Mix (Q1FY24) Polyester Films 90% Specialty Polymers 10% 4 1985 GURGAON, INDIA # 2 Year of Incorporation Corporate Headquart

rs 10

agement team Strong Financial profile Sales Mix (Q1FY24) Polyester Films 90% Specialty Polymers 10% 4 1985 GURGAON, INDIA # 2 Year of Incorporation Corporate Headquarters Business Segments*

23 %

23 6 We serve about 50 Countries 7 8 Particulars – Continued Operations (Rs.cr) Q1 FY24 Q1 FY23 % Q4FY23 % Revenues EBITDA (including Non operating income) Margins (%) PAT (Continuing operati

1290 bps

rs – Company as a whole (Rs.cr) PAT EPS (5) 42 (0.63) 5.05 (37) (79) 256 19 (19) (34) (1290 bps) 7.4 (132 bps) - - 3 1.2 -- 3 0.35 ▪ ▪ ▪ Performance of Film SBU impacted due to chall

132 bps

whole (Rs.cr) PAT EPS (5) 42 (0.63) 5.05 (37) (79) 256 19 (19) (34) (1290 bps) 7.4 (132 bps) - - 3 1.2 -- 3 0.35 ▪ ▪ ▪ Performance of Film SBU impacted due to challenging external

4.98 %

s a whole (Rs.cr) PAT EPS 267 10 3.6 (22) (8.4) (22) (2.65) 327 62 19 34 10.4 8 42 4.98 % (18) (84) (1540 bps) - - Q4 FY23 293 9 2.9 (18) (6.1) - (18) (2.13) % (9) 10 +70

1540 bps

EPS 267 10 3.6 (22) (8.4) (22) (2.65) 327 62 19 34 10.4 8 42 4.98 % (18) (84) (1540 bps) - - Q4 FY23 293 9 2.9 (18) (6.1) - (18) (2.13) % (9) 10 +70 bps - 10 Commenting

70 bps

% (18) (84) (1540 bps) - - Q4 FY23 293 9 2.9 (18) (6.1) - (18) (2.13) % (9) 10 +70 bps - 10 Commenting on the results, Mr. Arvind Singhania, Chairman, Ester Industries said “Wehavehad

50%

kes2–3quartersfortheoperationsandproductionto stabilize.Accordingly,productionandsaleslevelsareabout50%ofthecapacityduringQ1FY24andQ4FY23.The performanceissubduedonaccountofinitialquartersofoperationsand

9.7%

s ▪ High gearing ratio ▪ Irregular dividend policy Achievements Revenues EBITDA (FY17-FY23) 9.7% CAGR (FY17-FY23) 18.5% CAGR (FY12-FY16) 2.4% CAGR (FY12-FY16) 18.9% CAGR EBITDA Margins (FY1

18.5%

▪ Irregular dividend policy Achievements Revenues EBITDA (FY17-FY23) 9.7% CAGR (FY17-FY23) 18.5% CAGR (FY12-FY16) 2.4% CAGR (FY12-FY16) 18.9% CAGR EBITDA Margins (FY12-FY16) ~7% (FY17-FY22)

2.4%

olicy Achievements Revenues EBITDA (FY17-FY23) 9.7% CAGR (FY17-FY23) 18.5% CAGR (FY12-FY16) 2.4% CAGR (FY12-FY16) 18.9% CAGR EBITDA Margins (FY12-FY16) ~7% (FY17-FY22) ~14.7% Ester 2.0 ▪ S

Domestic Scenario

1

For more information contact

1

Domestic Scenario

▪ Demand growth of 6% - 6.5% ▪ Strong double digit growth rate of 11%-13% pa over ▪ BOPET film used in flexible packaging applications will continue to be the key end use sector, accounting for nearly 60% of global consumption, and drive demand over the next five years past 6 years ▪ Low per capita consumption of BOPET; new innovative products and rising disposable income – key growth drivers ▪ Gaining wider application across both industrial & ▪ Capacity expansion in Converting space, export consumer staples and discretionary sector opportunities in laminates offer promise ▪ Design versatility; low carbon footprint and better cost ▪ Availability of recycled content films, helping economics driving demand sustainability initiatives ▪ Approximately 1.1 Million Tons of Capacity likely to be added by 2023 – 2024 globally ▪ China and India account for ~60% of global output 27 #35 108,000 MTPA 23,200 MTPA Years of experience Polyester Film capacity (including Telangana capacity) Metallized

For more information contact

Pradeep Kumar Rustagi (Executive Director-Corporate Affairs) Ester Industries Ltd. Tel: +91 124 2656 100 Fax: +91 124 2656 199 E-mail: pradeep.rustagi@ester.in Gavin Desa / Suraj Digawalekar CDR India Tel: +91 22 6645 1237 / 1219 Fax: +91 22 6645 1213 E-mail: gavin@cdr-india.com / suraj@cdr-india.com 34