GRP Limited

Rs 5,518 million

g Director for GRP Limited Said, “We are pleased to report that our total income for FY25 stood at Rs 5,518 million, marking a 19% year-on-year growth, primarily driven by an 11% increase in volumes. This income in

19%

aid, “We are pleased to report that our total income for FY25 stood at Rs 5,518 million, marking a 19% year-on-year growth, primarily driven by an 11% increase in volumes. This income includes Rs 220 m

11%

ncome for FY25 stood at Rs 5,518 million, marking a 19% year-on-year growth, primarily driven by an 11% increase in volumes. This income includes Rs 220 million of EPR credit sale and an accrual of Rs 2

Rs 220 million

ng a 19% year-on-year growth, primarily driven by an 11% increase in volumes. This income includes Rs 220 million of EPR credit sale and an accrual of Rs 214 million of EPR revenue on account of improved stability

Rs 214 million

11% increase in volumes. This income includes Rs 220 million of EPR credit sale and an accrual of Rs 214 million of EPR revenue on account of improved stability in the EPR regime, consistent demand for credits,

128 basis point

d for credits, and the emergence of a stable market price. As a result, EBITDA margins expanded by 128 basis points, resulting in an EBITDA of Rs 694 million From a macroeconomic standpoint, India's reclaim rubber

Rs 694 million

e market price. As a result, EBITDA margins expanded by 128 basis points, resulting in an EBITDA of Rs 694 million From a macroeconomic standpoint, India's reclaim rubber (RR) consumption rose 8% YoY in CY24, exce

8%

DA of Rs 694 million From a macroeconomic standpoint, India's reclaim rubber (RR) consumption rose 8% YoY in CY24, exceeding the 3% growth seen in overall rubber consumption. Globally, during Q4 FY25,

3%

acroeconomic standpoint, India's reclaim rubber (RR) consumption rose 8% YoY in CY24, exceeding the 3% growth seen in overall rubber consumption. Globally, during Q4 FY25, the Passenger car/Light truck

1%

ion. Globally, during Q4 FY25, the Passenger car/Light truck original equipment (OE) segment saw a 1% decline in demand, while replacement tire (RT) demand grew 4%. In the truck and bus (T&B) segment,

4%

original equipment (OE) segment saw a 1% decline in demand, while replacement tire (RT) demand grew 4%. In the truck and bus (T&B) segment, OE demand—excluding China—contracted by 6% due to weaker mark

6%

e (RT) demand grew 4%. In the truck and bus (T&B) segment, OE demand—excluding China—contracted by 6% due to weaker markets in Europe and North America, while RT demand remained flat. Reclaim rubber e

Product

2

Process

2

Application

2

Access to in-house raw material

1

Growing end-use applications

1

Sustainability focus

1

Rising demand for recycled polypropylene

1

Demand supply gap of Virgin Polypropylene

1

Introduction of sustainability guidelines

1

Pyrolysis Oil and Char

1

Product

• The R&D team develops new grades in response to market demand • These grades enable customers to substitute virgin compounds more effectively

Process

• Focused efforts on reducing CO2 emissions through process innovations that minimize the use of coal, oil, and natural gas in manufacturing • Developed proprietary mechanical devulcanization processes, replacing the previously used thermal methods

Application

• • Concentrated efforts on reclaiming materials from non-tyre sources for broader use in the rubber Joint R&D to help customers utilize higher content of recycled materials as substitutes industry www.grpweb.com 23 Limitless Possibilities In Waste To Wealth With Growing Market Globally 28mn vehicles are produced every year 190mn new tyres are available in domestic market every year 20mn vehicles are nearing End-of-Life by 2025(F) ~1.6mn MT of EoL material is generated, if untreated ends up in landfills Value Addition and Recovery in INDIA 98% RECLAIM RUBBER RECOVERED CARBON BLACK CRUMB RUBBER PY OIL TYRE CORD NYLON Reclaim Rubber Market Global (USD Mn) CAGR: 11% 2,160 1,272 CAGR: 10% 1,046 FY21 FY23E FY28E India (USD Mn) CAGR: 12% 182 CAGR: 11% 83 103 STEEL FY21 FY23E FY28E s r e v i r D h t w o r G y e K Rising focus on sustainability by governments across the globe as the need for circular economy and environment friendly products / process gain steam Focused efforts by leading tire

Access to in-house raw material

▪ Nylon extracted from end-of-life tyres provides raw material for the plastics vertical, thus increased tyre processing enhances access to secondary Nylon

Growing end-use applications

▪ Significant growth driven by rising demand across various end-use applications like automotive, electrical, building and construction, etc.

Sustainability focus

▪ Increased focus on use of sustainable materials across the value chain by leading manufacturers globally Source: Avendus Report, Other Market reports, Internal estimates