SRF Limited

₹ 14,870

90+ Countries Operations in 4 Countries 15 Manufacturing Facilities 8,000+ Global Workforce ₹ 14,870 cr. Revenue 35% Packaging 50% Chemicals 15% Technical Textiles & Others ₹ 3,708 cr. EBITDA ₹

35%

tions in 4 Countries 15 Manufacturing Facilities 8,000+ Global Workforce ₹ 14,870 cr. Revenue 35% Packaging 50% Chemicals 15% Technical Textiles & Others ₹ 3,708 cr. EBITDA ₹ 2,162 cr. PAT S

50%

ries 15 Manufacturing Facilities 8,000+ Global Workforce ₹ 14,870 cr. Revenue 35% Packaging 50% Chemicals 15% Technical Textiles & Others ₹ 3,708 cr. EBITDA ₹ 2,162 cr. PAT SRF - General [Re

15%

acturing Facilities 8,000+ Global Workforce ₹ 14,870 cr. Revenue 35% Packaging 50% Chemicals 15% Technical Textiles & Others ₹ 3,708 cr. EBITDA ₹ 2,162 cr. PAT SRF - General [Restricted use] -

₹ 3,708

l Workforce ₹ 14,870 cr. Revenue 35% Packaging 50% Chemicals 15% Technical Textiles & Others ₹ 3,708 cr. EBITDA ₹ 2,162 cr. PAT SRF - General [Restricted use] - This mail, document can be used by rec

₹ 2,162

0 cr. Revenue 35% Packaging 50% Chemicals 15% Technical Textiles & Others ₹ 3,708 cr. EBITDA ₹ 2,162 cr. PAT SRF - General [Restricted use] - This mail, document can be used by recipients for its inte

40%

ar customer locations • Domestic market leader in Tyre Cord manufacturing and Belting Fabrics • 40% share in India’s Nylon Tyre Cord market. 5th largest player globally • 2nd largest manufacture

23 %

e only. 10 Abridged Results Overview Consolidated figures Particulars (Rs. Crore) Q2 FY24 Q2 FY23 % Y-o-Y H1 FY24 H1 FY23 % Y-o-Y Gross Operating Revenue 3,177.4 3,727.8 -14.8% 6,515.7 7,6

14.8%

) Q2 FY24 Q2 FY23 % Y-o-Y H1 FY24 H1 FY23 % Y-o-Y Gross Operating Revenue 3,177.4 3,727.8 -14.8% 6,515.7 7,622.5 -14.5% EBITDA 674.4 837.9 -19.5% 1,406.2 1,867.6 -24.7% EBITDA Ma

14.5%

1 FY24 H1 FY23 % Y-o-Y Gross Operating Revenue 3,177.4 3,727.8 -14.8% 6,515.7 7,622.5 -14.5% EBITDA 674.4 837.9 -19.5% 1,406.2 1,867.6 -24.7% EBITDA Margin (%) 21.2% 22.5% 21.6

19.5%

perating Revenue 3,177.4 3,727.8 -14.8% 6,515.7 7,622.5 -14.5% EBITDA 674.4 837.9 -19.5% 1,406.2 1,867.6 -24.7% EBITDA Margin (%) 21.2% 22.5% 21.6% 24.5% Depreciation Interest

24.7%

3,727.8 -14.8% 6,515.7 7,622.5 -14.5% EBITDA 674.4 837.9 -19.5% 1,406.2 1,867.6 -24.7% EBITDA Margin (%) 21.2% 22.5% 21.6% 24.5% Depreciation Interest ECF (Gain) / Loss Profit

“275 crore • Commissioning of aluminum foil plant started – commercial production expected soon Market Trends • Demand-supply imbalance and margin in medium term, pressure to continue especially in BOPET • Capacity utilisation expected to remain muted across industry • BOPP expected to perform relatively better SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.”

“Cycles are a part and parcel of business Fluorochemicals • Domestic demand should witness positive traction in Q3 and US demand from Q4 FY24 • Some signs of pricing positive in both ref gas and Industrial Chemicals being witnessed • Focus on PTFE sales and product approvals at the earliest • Expect better performance in H2 FY’24, long term story remains intact SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.”

“• Continue focus on value-added products both in BOPP and BOPET • Aluminium foil project on the verge of commissioning, product approvals should take 3-6 months • Continue to focus on sustainability initiatives and cost optimization SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.”

“33 Outlook - Technical Textiles Business • Higher operating leverage and cost capacity optimization rationalization across various plants by • Demand for NTCF expected to be stable • BF and PIY to be future growth drivers • Stable business going forward, reasonable order book for ensuing quarters SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.”

Regd. Office

1

Regd. Office

Unit No. 236 & 237, 2nd Floor DLF Galleria, Mayur Place Noida Link Road Mayur Vihar Phase 1 Extension Delhi 110091 SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only. Corporate identity No. L181010L1970PLC005197 SRF Limited Q2 & H1 FY24 Results Presentation 30th October, 2023 SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only. Disclaimer changes, Some statements in this document may be forward-looking. Such statements are subject to certain risks and uncertainties like regulatory local, political or economic developments, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks related to an economic downturn in any of the countries where SRF Limited has its manufacturing and / or commercial