Ester Industries Limited

88%

int Experienced management team Healthy financial Position Sales Mix (Q2FY24) Polyester Films 88% Specialty Polymers 12% 4 1985 GURGAON, INDIA # 2 Year of Incorporation Corporate Headquart

rs 12

ment team Healthy financial Position Sales Mix (Q2FY24) Polyester Films 88% Specialty Polymers 12% 4 1985 GURGAON, INDIA # 2 Year of Incorporation Corporate Headquarters Business Segments*

23 %

2 & H1 FY24 Performance Overview 8 Particulars – Continued Operations (Rs.cr) Q2 FY24 Q2 FY23 % H1FY24 H1FY23 % Revenues 243.9 308.07 (20.8) 450.5 634.6 (29) EBITDA (including Non opera

870 bps

ng operations) Margins (%) 2.7 1.1 (12.8) - 30.2 (91.1) 15.2 92.2 (83.5) 9.8 7.6 2.5 (870 bps) 3.4 14.5 - (18.0) 41.7 - 6.6 (1110 bps) - -  Revenue moderation owing to heightened c

1110 bps

- 30.2 (91.1) 15.2 92.2 (83.5) 9.8 7.6 2.5 (870 bps) 3.4 14.5 - (18.0) 41.7 - 6.6 (1110 bps) - -  Revenue moderation owing to heightened competitive intensity in BOPET Film business and a

2.4%

 High gearing ratio  Irregular dividend policy Achievements Ester 2.0 Revenues (FY12-FY16) 2.4% CAGR (FY17-FY23) 9.7% CAGR EBITDA (FY12-FY16) 18.9% CAGR (FY17-FY23) 18.5% CAGR EBITDA Marg

9.7%

Irregular dividend policy Achievements Ester 2.0 Revenues (FY12-FY16) 2.4% CAGR (FY17-FY23) 9.7% CAGR EBITDA (FY12-FY16) 18.9% CAGR (FY17-FY23) 18.5% CAGR EBITDA Margins (FY12-FY16) ~7% (

18.9%

ievements Ester 2.0 Revenues (FY12-FY16) 2.4% CAGR (FY17-FY23) 9.7% CAGR EBITDA (FY12-FY16) 18.9% CAGR (FY17-FY23) 18.5% CAGR EBITDA Margins (FY12-FY16) ~7% (FY17-FY22) ~14.7%  Specialty P

18.5%

enues (FY12-FY16) 2.4% CAGR (FY17-FY23) 9.7% CAGR EBITDA (FY12-FY16) 18.9% CAGR (FY17-FY23) 18.5% CAGR EBITDA Margins (FY12-FY16) ~7% (FY17-FY22) ~14.7%  Specialty Polymer SBU o Largely pat

7%

9.7% CAGR EBITDA (FY12-FY16) 18.9% CAGR (FY17-FY23) 18.5% CAGR EBITDA Margins (FY12-FY16) ~7% (FY17-FY22) ~14.7%  Specialty Polymer SBU o Largely patent protected – high entry barriers o

14.7%

(FY12-FY16) 18.9% CAGR (FY17-FY23) 18.5% CAGR EBITDA Margins (FY12-FY16) ~7% (FY17-FY22) ~14.7%  Specialty Polymer SBU o Largely patent protected – high entry barriers o High sustainable mar

8.0%

FY22 FY23 FY13 FY14 FY15 FY16 FY17 FY18 FY19FY20 FY21 FY22 FY23 EBITDA Margins (%) PAT (Rs.cr) 8.0% 7.9% 9.1% 6.5% 8.7%11.1% 4.7% 24.6% 19.1% 17.9% 11.2%* 8 4 7 31 5 -5 -11 142 139 100

“in cr % 3 18 - -  While revenues and volumes improved on a sequential basis, overall sentiments remain challenging on account of excess supply o Share of Value-added products stood at 25% during Q2FY24  Margin and profitability compression reflective of heightened competitive intensity in the industry  While margins may remain under pressure in the near to medium term owing to commissioning of new capacities; long term prospects of the business continues to remain favourable.”

Domestic Scenario

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For more information contact

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Domestic Scenario

 Demand growth of 5.5% - 6.0%  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  Availability of recycled content films, helping cost economics driving demand sustainability initiatives  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 Polyester Film capacity (including Telangana capacity) About 50 25% 67,000 MTPA Telang

For more information contact

Pradeep Kumar Rustagi (Executive Director Corporate Affairs) Gavin Desa / Suraj Digawalekar Ester Industries Ltd. Tel: +91 124 2656 100 Fax: +91 124 2656 199 E-mail: pradeep.rustagi@ester.in CDR India Tel: +91 22 6645 1237 / 1219 Fax: +91 22 6645 1213 E-mail: gavin@cdr-india.com / suraj@cdr-india.com 34 - I .1. . • - - · -· ..... ..... Thank You ESTER INDUSTRIES LTD1 •