Orient Bell Limited

36.9 Million

5.5 MSM# - 10.0 MSM 5 3 State-of-the-art own Facilities 2 AE* Facilities Strong Balance sheet +36.9 Million sqmt Annual Capacity (including AE*) ▪ Ceramic ▪ Vitrified ▪ Double Charge ▪ Cool Tile ▪ Pavers ▪

rs 3

3.3 MSM p.a. commenced end Sept-23 356 Tile Boutiques (Experience Centre) 2000+ Business Partners 3 Business Environment, Financial & Operational Highlights 4 Business Environment- Q2FY24 ▪Sluggish

43%

s well for uptick in tile demand once projects approach completion. ▪Resilient Exports so far : +43% y-o-y between Apr-23 to Sep-23, already ~Rs. 10K Crores 5 Operational Highlights of Q2FY24 Peo

Rs. 10

s approach completion. ▪Resilient Exports so far : +43% y-o-y between Apr-23 to Sep-23, already ~Rs. 10K Crores 5 Operational Highlights of Q2FY24 People T3R – 2.35:1 L&D >2000 Hrs Safety Top Priori

3.4%

f Q2FY24 People T3R – 2.35:1 L&D >2000 Hrs Safety Top Priority NIL accidents Brand Investments 3.4% of sales - at par with LY OBTX Active Count 356 - 40% of total sales Vitrified Mix 47.6% of total

40%

Priority NIL accidents Brand Investments 3.4% of sales - at par with LY OBTX Active Count 356 - 40% of total sales Vitrified Mix 47.6% of total sales (+5.0% y-o-y) GVT Salience 24.9% of total sales

47.6%

vestments 3.4% of sales - at par with LY OBTX Active Count 356 - 40% of total sales Vitrified Mix 47.6% of total sales (+5.0% y-o-y) GVT Salience 24.9% of total sales (+2.2% y-o-y) Dora GVT Line -2 Com

5.0%

- at par with LY OBTX Active Count 356 - 40% of total sales Vitrified Mix 47.6% of total sales (+5.0% y-o-y) GVT Salience 24.9% of total sales (+2.2% y-o-y) Dora GVT Line -2 Commissioned Sep-23 (expe

24.9%

tive Count 356 - 40% of total sales Vitrified Mix 47.6% of total sales (+5.0% y-o-y) GVT Salience 24.9% of total sales (+2.2% y-o-y) Dora GVT Line -2 Commissioned Sep-23 (expected capex cost lower by 1

2.2%

total sales Vitrified Mix 47.6% of total sales (+5.0% y-o-y) GVT Salience 24.9% of total sales (+2.2% y-o-y) Dora GVT Line -2 Commissioned Sep-23 (expected capex cost lower by 18% vs. budget) * T3R

18%

% of total sales (+2.2% y-o-y) Dora GVT Line -2 Commissioned Sep-23 (expected capex cost lower by 18% vs. budget) * T3R - Tooth to Tail Ratio ; L&D – Learning & Development ; OBTX – Orient Bell Tile S

7.4%

ied Tiles ; L-f-L – Like for Like 6 Highlights – Revenues Revenue (Rs. crores) Volume (Lac m2) -7.4% +10.8% 143.2 100.9 42.3 Q1FY24 -7.0% 4 2 Y F 2 Q 4 2 Y F H 1 171.4 124.8 46.6 Q2FY23 3

Note

1

Note

1. Other Liabilities : Deferred Tax Liabilities, Employee Cost Provisions, Unpaid Dividends, Statutory dues & provisions 2. Other Assets : Deposits with Government and others, Advance Tax (Net of Provisions), GST Receivable (Net of Payables) and advances. 9 Strong Debt Profile & Working Capital Cycle Working Capital DSO DIO DPO Debt Rs. In crores Short Term Borrowing Long Term Borrowing 18 43 29 -54 25 50 39 -64 25 54 47 -76 Cash Rs 41.1 Net Debt Rs (-) 31.6 9.4 Cash Rs 3.3 Net Debt Rs (-) 1.4 1.9 Cash Rs 8.3 Net Debt Rs 10.7 19.0 31-Mar-22* 31-Mar-23* 30-Sep-23 31-Mar-22 31-Mar-23 30-Sep-23 *Calculated on the basis of Q4 ▪ Cash Conversion Cycle remains comfortable @25 days ▪ Overall Liquidity comfortable as well – fresh term borrowings drawn to fund Dora GVT Line-2 Capex. ▪ Credit rating of OBL reaffirmed as “A/stable “ by CRISIL during Q2FY24. 1. Day Sales Outstanding (DSO) and Days Inventory Outstanding (DIO) computed on the basis of sales while Days Payable Outstanding (DPO) derive