COSMO FIRST LIMITED

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CFL/SE/2025-26/MAY/08 The Manager (Listing) BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001 Scrip Code: 508814 May 20, 2025 The Manager (Listing) National

10%

Speciality films focused business with target to sell majority BOPP based speciality films (growing 10% CAGR over last 6 years) End-to-end rigid packaging vertical (From Q4’FY24) Verticals: Masterbatc

25%

is D2C, Digital First Omni Channel platform for Pets (Petcare is high growth Industry growing at 25% CAGR) Company Overview - Key Milestones ► Established in 1981, Cosmo Films Ltd is pioneer of BOP

700 MT

ciality Films:36K MT  Metalized Films: 40K MT  CPP Films: 30K MT  Capacitor Metallization Films: 700 MT Strong Financials  Profitability track record  Looking for assertive growth  Net Debt/EBITDA: 2.

71%

l films Unique Proposition  Uniquely positioned with a strong blend of specialty/semi-specialty (71% FY25) and commodity films.  Globally amongst top four in BOPP World’s largest supplier of Indu

70%

, over 750k lives touched and over 110k trees planted.  Governance: Strong Independent board with 70% of Independent Directors Speciality & Semi Speciality Growth and Margins  Expanding Speciality &

120%

Speciality & Semi-Speciality films portfolio (high margin category) (~10% CAGR over last 6 years) 120% 100% ) % ( e m u o V s l m l i F 38% 43% 62% 57% 52% 48% 64% 62% 64% 36% 38% 36%

100%

ality & Semi-Speciality films portfolio (high margin category) (~10% CAGR over last 6 years) 120% 100% ) % ( e m u o V s l m l i F 38% 43% 62% 57% 52% 48% 64% 62% 64% 36% 38% 36% 80%

38%

(high margin category) (~10% CAGR over last 6 years) 120% 100% ) % ( e m u o V s l m l i F 38% 43% 62% 57% 52% 48% 64% 62% 64% 36% 38% 36% 80% 60% 40% 20% 0% 80 70 60 50

43%

margin category) (~10% CAGR over last 6 years) 120% 100% ) % ( e m u o V s l m l i F 38% 43% 62% 57% 52% 48% 64% 62% 64% 36% 38% 36% 80% 60% 40% 20% 0% 80 70 60 50 40

62%

in category) (~10% CAGR over last 6 years) 120% 100% ) % ( e m u o V s l m l i F 38% 43% 62% 57% 52% 48% 64% 62% 64% 36% 38% 36% 80% 60% 40% 20% 0% 80 70 60 50 40 30

57%

tegory) (~10% CAGR over last 6 years) 120% 100% ) % ( e m u o V s l m l i F 38% 43% 62% 57% 52% 48% 64% 62% 64% 36% 38% 36% 80% 60% 40% 20% 0% 80 70 60 50 40 30 20

“ Global second largest player in Specialty label films Unique Proposition  Uniquely positioned with a strong blend of specialty/semi-specialty (71% FY25) and commodity films.”

“Related diversifications  Specialty Chemicals  Rigid Packaging  Suncontrol Films (Estimated from FY26 onwards) Strong R&D Focus  Collective R&D experience of over 100 years.”

“1) Speciality margins per/kg have witnessed an increase in FY25 vs FY24 owing to change in sales mix and return of specialty export customer for a high margin specialty film 2) Margins denote per/kg contribution for respective films categories.”

“120% 100% 80% 60% 40% 20% 0% 12% 14% 10% 10% 6% 14% 15% 13% 88% 86% 90% 90% 94% 86% 85% 87% Q1'FY24 Q2'FY24 Q3'FY24 Q4'FY24 Q1'FY25 Q2'FY25 Q3'FY25 Q4'FY25 BOPP Volume BOPET Volume EBITDA – Business Vertical wise: FY25 12.6% 12.5% 1.4% -0.8% -0.7% Reported EBITDA Speciality Chemicals Pet Care Business Rigid Packaging Packaging Q4 FY25 Performance Snapshot Performance Snapshot Particulars Audited Q4 FY 24-25 Unaudited Q3 FY 24-25 INR Cr.”

“Audited Q4 FY 23-24 Standalone 687 74 11% 23 17 7 Net Sales EBITDA EBITDA % PBT PAT EPS* * Not Annualized Management Commentary Consolidated 746 85 11% 33 27 11 Standalone 679 75 11% 27 22 9 Consolidated 701 86 12% 36 30 11 Standalone 604 50 8% 3 3 1 Consolidated 641 67 11% 18 15 6  Q4, FY25 EBIDTA is backed by higher specialty sales and better BOPP & BOPET film margins.”

“Performance Snapshot – Management Commentary Continues …  FY25 EBITDA is higher primarily due to higher specialty sales (10% growth vs PY), cost rationalization of about Rs 25 crores, better BOPP and BOPET films margins and improved performance of specialty chemical subsidiary.”

“is also expected to start operations from Q1, FY26.”

“ The Specialty Chemical subsidiary has achieved high teens EBITDA with topline of Rs 180 crores in FY25.”

“ The Company’s focus will be taking full leverage of the new investments, grow specialty film sales, expand in international geographies and push down costs.”

“Renewable Energy usage has been close to 60% of energy consumption in FY25.”

Verticals

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Notes

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The Pet care market in India is booming with

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Impact at a Glance

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Education

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Environment

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Empowerment

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Recognitions

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Verticals

Masterbatch (From FY21) Coating Chemicals (From FY22) Adhesive (From FY24)  Automotive, architectural, safety & decorative window films (From May’25)  Paint Protection Film (PPF) started in FY25 Zigly is D2C, Digital First Omni Channel platform for Pets (Petcare is high growth Industry growing at 25% CAGR) Company Overview - Key Milestones ► Established in 1981, Cosmo Films Ltd is pioneer of BOPP Films Industry in India; ► Globally amongst top four in BOPP Specialty films and set to be India’s leading BOPP producer post-expansion. ►3rd and 4th extrusion coating line; ►1st coating line; ►Gas based electricity generation unit 2006 ►1996: 3rd BOPP line ►2001: 4th BOPP line 1996-01 ►2012: 2nd coating line ►2013: 9th BOPP line ►2014: 3rd coating line 2012-14 ►2010: 2nd metallizer line ►2011: Korea plant 2010-11 2009 2007-08 ►8th BOPP line 1981-88 ►1981: 1st BOPP line ►1988: 2nd BOPP line 2003-05 ►2003: 5th BOPP line ►2004-5: 6th BOPP line; 1st and 2nd extrusion coating line; 1st metall

Notes

1) Speciality margins per/kg have witnessed an increase in FY25 vs FY24 owing to change in sales mix and return of specialty export customer for a high margin specialty film 2) Margins denote per/kg contribution for respective films categories. Quarterly Films Margins & Capacity Quarterly movement in Films margin BOPP vs BOPET Films Volume ) % ( e m u o V s l m l i F 120% 100% 80% 60% 40% 20% 0% 65% 64% 61% 66% 69% 72% 73% 70% 35% 36% 39% 34% 31% 28% 27% 30% Q1'FY24 Q2'FY24 Q3'FY24 Q4'FY24 Q1'FY25 Q2'FY25 Q3'FY25 Q4'FY25 80 70 60 50 40 30 20 10 - g K / n i g r a M s s o r G Commodity Volume Commodity Margins Speciality Margins Speciality & Semi-Speciality Volume Semi-Speciality Margins Note: Margins denote per/kg contribution for respective films categories. 120% 100% 80% 60% 40% 20% 0% 12% 14% 10% 10% 6% 14% 15% 13% 88% 86% 90% 90% 94% 86% 85% 87% Q1'FY24 Q2'FY24 Q3'FY24 Q4'FY24 Q1'FY25 Q2'FY25 Q3'FY25 Q4'FY25 BOPP Volume BOPET Volume EBITDA – Business Vertical wise: FY25 12.6% 12.5%

The Pet care market in India is booming with

• ~25% Projected Annual Growth • ~35MM pets • ~1MM annual adoptions Indian Petcare Market 20000 18000 16000 14000 12000 10000 8000 6000 4000 2000 0 Rs 17500 Cr Rs 8500 Cr Rs 3000 Cr FY 2020 FY 2023 FY 2027 Pet penetration in developed markets like US & UK is more then 68% and growing.. Pert per household in India is just 10% and has massi Key Tractions 15 Cr GMV (Q4’25) Zigly - Business Model 60K + Customers served in CFY 7100+ SKUs available 35% - Repeat customers Retail outlets One Stop solution retail outlets offering Products Veterinary Grooming Medicines First Petcare app Under one roof Own E-commerce website and App 7100+ SKUs available on website Including Private label Service Marketplace Other Marketplace Acting as an aggregator for panel of groomers and trainers on commission basis through own website Private label available on Amazon,Flipkart and Qcom Grooming Van Grooming Van in Delhi NCR 600K + Customers database 210K + Social Media followers Pets familia community Social

Impact at a Glance

- States: 5 | Villages: 155 | Lives Touched: 7.5+Lakh - Schools: 55 | Students: 68,000 - Saplings: 1.10 Lakh ~ Green Cover: 169 Acres - Water Saved: 68+ Lakh Litre/yr | Toilets Built: 200 - Women Empowered: 2,000+ | Job-oriented Training

Education

- 29 Digital Labs | 8,100+ Students - English & Foundational Programs | YouTube Outreach - Competitive Exam Coaching | Digital Pathshala (2,300+)

Environment

- Miyawaki Forests | Agroforestry | Heritage Revival - Solar Energy Usage | Water Filtration | Awareness Drives