Polyplex Corporation Limited

rs,

, Mumbai- 400 051 The General Manager - Listing Department, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 SYMBOL : POLYPLEX BSE Scrip Code : 524051 Dear Sir(s), Sub: R

3%

d Downstream Capabilities …With a Diverse Product Profile… Product Breakdown (Q1FY24 Revenues) 3% 4% 6% 7% 13% 15% 52% 35 Years of Operation At the Forefront of Sustainability and Circula

4%

Downstream Capabilities …With a Diverse Product Profile… Product Breakdown (Q1FY24 Revenues) 3% 4% 6% 7% 13% 15% 52% 35 Years of Operation At the Forefront of Sustainability and Circular

6%

stream Capabilities …With a Diverse Product Profile… Product Breakdown (Q1FY24 Revenues) 3% 4% 6% 7% 13% 15% 52% 35 Years of Operation At the Forefront of Sustainability and Circular Econ

7%

am Capabilities …With a Diverse Product Profile… Product Breakdown (Q1FY24 Revenues) 3% 4% 6% 7% 13% 15% 52% 35 Years of Operation At the Forefront of Sustainability and Circular Economy

13%

Capabilities …With a Diverse Product Profile… Product Breakdown (Q1FY24 Revenues) 3% 4% 6% 7% 13% 15% 52% 35 Years of Operation At the Forefront of Sustainability and Circular Economy ~2,

15%

ilities …With a Diverse Product Profile… Product Breakdown (Q1FY24 Revenues) 3% 4% 6% 7% 13% 15% 52% 35 Years of Operation At the Forefront of Sustainability and Circular Economy ~2,660 C

52%

es …With a Diverse Product Profile… Product Breakdown (Q1FY24 Revenues) 3% 4% 6% 7% 13% 15% 52% 35 Years of Operation At the Forefront of Sustainability and Circular Economy ~2,660 Custom

100%

g” process for manufacturing Sarafil rPET film with Post- Consumer Recycled (PCR) content up to 100%. New post-consumer Polyolefin and PET washing and recycling operations in Thailand Increasi

14%

90mm Revenue# 7% Normalized EBITDA* Margin $13mm Normalized EBITDA* 3% ROCE1 $951mm Revenue# 14% Normalized EBITDA* Margin $132mm Normalized EBITDA* 15% ROCE1 …Driven by Strong, Sustainable P

82,052 MT

h (Q1 FY 23-24 v/s Q4 FY 22-23) YoY Growth (Q1 FY 23-24 v/s Q1 FY 22-23) Sales Volume (All Films) 82,052 MT Sales Revenue 1,558 INR Crores ($ 190 million) Normalized EBITDA 109 INR Crores ($ 13 million) P

190 million

Q1 FY 23-24 v/s Q1 FY 22-23) Sales Volume (All Films) 82,052 MT Sales Revenue 1,558 INR Crores ($ 190 million) Normalized EBITDA 109 INR Crores ($ 13 million) PAT (Before Minority) -10 INR Crores ($ -1 milli

“These are based on certain assumptions as on date and are subject to significant risks and uncertainties, as they could be substantially influenced by several factors which are beyond Company’s control including, but not limited to, fluctuations in foreign exchange rates, changes in key raw material prices, changes in market dynamics, impact of consolidation of subsidiaries and any unexpected production down times due to machinery breakdown, unforeseen delays in project start up etc.”

Factors impacting YoY

1

Note

1

Factors impacting YoY

• • Lower sales revenue due to lower volume resulting from a • Lower sales revenue due to lower volume and fall in selling prices resulting from combination of internal and external factors lower raw material cost and weaker market conditions In Q1 23-24, there is an unrealized FX loss of INR 35.34 crores ($ • Higher fixed costs - primarily utilities, repair & maintenance and impact of inflation 4.30 million) as against an unrealized FX gain of INR 11.78 crores ($ 1.43 million) in Q4 22-23, on account of restatement of foreign currency long term loans due to appreciation of FX loan currencies against the respective reporting currencies. This is the MTM gain/loss impacting the PAT & EPS • In Q1 23-24, there is an unrealized FX loss of INR 35.34 crores ($ 4.30 million) as against an unrealized FX gain of INR 30.20 crores ($ 3.91 million) in Q1 22-23, on account of restatement of foreign currency long term loans due to appreciation of FX loan currencies against the respective reporting cu

Note

Polyplex CUF is calculated based on the extant capacity; Industry CUF as per CY, Polyplex CUF as per FY; Industry CUF is based on internal estimates; 30 5 Sustained and Profitable Growth (1/3) Sales Volume Across All Films (KMT) EBITDA ($mm) and EBITDA Margin (%) & $/kg 12% 6% 11% -9% 274 306 323 360 FY20 FY21 FY22 FY23 Sales Volume (KMT) Growth % 82 Q1FY24 Annualised 21% 0.49 133 26% 0.56 21% 0.57 171 186 14% 0.37 132 FY20 FY21 FY22 FY23 7% 0.16 13 Q1FY24 Annualised EBITDA ($mm) Margin % EBITDA ($/kg) Cash Flow from Operations1 ($mm) Capex ($mm) & Net Debt ($mm) 105 84 123 109 160 170 149 76 108 101 10 20 (66) 67 (75) 71 (38) 54 (57) (67) 34 9 FY19 FY20 FY21 FY22 FY23 Q1FY24 FY20 FY21 FY22 FY23 Q1FY24 Cash Flow after change in NWC ($mm) Change in NWC ($mm) + Denotes deployment - Denotes release Capex ($mm) Net Debt ($mm) Note: 1 Cash flow from operations have been adjusted for tax on dividend 31 5 Sustained and Profitable Growth (2/3) Revenue (USD million) Effective Tax Rate 630 660 8