Balrampur Chini Mills Limited

rs,

st Floor, New Trading Wing, Rotunda Kurla Complex, Bandra (E), Building, Phiroze Jeejeebhoy Towers, Mumbai 400051. Dalal Street, Fort, Mumbai- 400001. Symbol: BALRAMCHIN Scrip Code: 500038 Dea

Rs.1009.49 crore

ly alternatives to plastics In the last 9 years upto Mar-25, conducted six share buybacks worth Rs.1009.49 crore coupled with cumulative dividend payout of Rs. 584.52 crore (including dividend distribution tax

Rs. 584.52 crore

, conducted six share buybacks worth Rs.1009.49 crore coupled with cumulative dividend payout of Rs. 584.52 crore (including dividend distribution tax of Rs. 52.46 crores) BCML | Investor Presentation 6 Board

Rs. 52.46 crore

upled with cumulative dividend payout of Rs. 584.52 crore (including dividend distribution tax of Rs. 52.46 crores) BCML | Investor Presentation 6 Board of Directors Vivek Saraogi CHAIRMAN AND MANAGING DIRECTO

1.1%

on the Wall THE GLOBAL CARBON CYCLE IN BILLION TONS Global energy-related CO2 emissions grew by 1.1% in 2023, increasing 410 million tonnes (Mt) to reach a new record high of 37.4 billion tonnes (Gt

410 million

CARBON CYCLE IN BILLION TONS Global energy-related CO2 emissions grew by 1.1% in 2023, increasing 410 million tonnes (Mt) to reach a new record high of 37.4 billion tonnes (Gt) OUR CURRENT ECONOMIC MODEL IS

37.4 billion

emissions grew by 1.1% in 2023, increasing 410 million tonnes (Mt) to reach a new record high of 37.4 billion tonnes (Gt) OUR CURRENT ECONOMIC MODEL IS NOT ENVIRONMENTALLY SUSTAINABLE The current carbon-bas

2.5%

placing ALL carbon in the polymer and chemical industry will be possible requiring a manageable ~2.5% of all biomass of planet earth. To achieve Net-Zero, we must embrace Bio BCML | Investor Presen

11.8%

tation 15 Overview on Poly Lactic Acid (PLA) 1.2 USD Bn Value of the global PLA market, 2024 11.8% projected PLA market growth from 2024 to 2034 THE KEY PROPERTIES OF PLA 31% Share of PLA prod

31%

LA market, 2024 11.8% projected PLA market growth from 2024 to 2034 THE KEY PROPERTIES OF PLA 31% Share of PLA production capacity in bioplastics worldwide, 2023 58.3% utilization rate of pr

58.3%

THE KEY PROPERTIES OF PLA 31% Share of PLA production capacity in bioplastics worldwide, 2023 58.3% utilization rate of production capacity in Bioplastics worldwide, 2024 8% Of global Bioplastic

8%

worldwide, 2023 58.3% utilization rate of production capacity in Bioplastics worldwide, 2024 8% Of global Bioplastics accounted for by sugarcane bioplastics 0.02% Of the global agricultural

“Even replacing ALL carbon in the polymer and chemical industry will be possible requiring a manageable ~2.5% of all biomass of planet earth.”

“BCML | Investor Presentation 14 BCML – PLA (bio-polymer) Project A STRATEGIC DECISION Diversifying goals align with the Make in India Initiative and Swachh Bharat Abhiyan.”

“BCML | Investor Presentation 18 PLA Project Status Entire land for the Project has been acquired Contracts for foreign technology partners viz.”

“1093 crores Environment Clearance (EC) has been received from MoEF&CC CTE (consent to establish) has been received Other consents required for the Project is underway/applied for R&D lab at site has been built PLA import for analysis and product development by compounders and converters has begun Warehouse and system set-up completed Construction activities have begun BCML | Investor Presentation 19”

“cr) PBIT Margin (%) Sugar Sales (lac quintals) 4,351.7 4,263.0 4,338.6 4,897.4 4,697.3 329.5 296.3 238.5 467.6 113.3 419.7 102.6 Average blended realization of sugar (Rs./kg) 94.7 94.2 90.4 38.0 39.1 34.7 36.0 32.0 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 7.6% 6.9% 5.5% 8.9% 9.5%”

“Key benefits highlighted by the government include: Take care of surplus sugar (target to sacrifice ~6 million tonnes of sugar by 2025-26) Reduce import dependency of fuels to result in substantial saving of forex Cleaner environment through E20 fuel .”

“Carbon Monoxide emissions will be 50% lower in two- wheelers and 30% lower in four-wheelers.”

“Hydrocarbon emissions will be 20% lower in both Additional income to farmers, Infrastructural investment in rural areas Employment generation Health benefits Municipal Solid Waste Management In January 2021, the target of achieving 20% Ethanol-blending with petrol was preponed to 2025 which is likely to be achieved by end of ESY 2024-25.”

“Oct-24 1614 BCML | Investor Presentation 32 Cogeneration Business OPERATIONAL NUMBERS Co-generated Power Production (Cr Units) Co-generated Power Sales (Cr Units) Average Realization (Rs./Unit) 80.7 72.7 71.9 89.8 81.8 4.4 4.0 3.2 3.3 3.4 42.6 34.9 31.7 40.8 37.2 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 On expiry of PPA with UPPCL for two of the units, BCML has started supplying power through open market access.”

“cr) TCI Margin (%) Basic EPS (Rs.) 5,593.7 5,415.4 742.2 4,811.7 4,846.0 4,665.9 609.2 598.7 479.2 461.0 562.3 542.6 26.49 438.8 22.48 22.44 21.65 408.3 277.9 13.94 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 12.7% 12.4% 8.7% 13.3% 10.4% 10.0% 9.5% 6.0% 9.7% 8.1%”

KEY MESSAGE

2

HISTORIC TREND

2

Note

2

Second phase of integrated growth

1

Our Expectations

1

Transfer Price

1

For PLA

1

The nature of energy products

1

Bonsucro Certification

1

ISO Certification

1

Second phase of integrated growth

Acquired Rauzagaon unit with sugar and power plant Acquired stake in Indo Gulf Industries Limited, integrating its sugar unit into BCML Structural transformation of sugar and distillery divisions Enhanced commitment towards environment and shareholders Introduced incinerators in distilleries to achieve zero liquid discharge, extending the operational days of distillery by 60 days annually Commissioned its 4th distillery at Gularia and subsequently increased its capacity Commissioned its 5th distillery capacity at Maizapur Completed expansion of its Balrampur distillery, becoming one of the leader in distillery capacity in Uttar Pradesh Decadal Future Growth Opportunity Diversification to Bioplastic: Establishing India’s first industrial bio-polymer plant for Poly Lactic Acid (PLA) production, promoting eco-friendly alternatives to plastics In the last 9 years upto Mar-25, conducted six share buybacks worth Rs.1009.49 crore coupled with cumulative dividend payout of Rs. 584.52 crore (in

KEY MESSAGE

Even replacing ALL carbon in the polymer and chemical industry will be possible requiring a manageable ~2.5% of all biomass of planet earth. To achieve Net-Zero, we must embrace Bio BCML | Investor Presentation 11 How Bioplastic is an Active Measure Classification Of Bioplastics BIOPLASTICS HELP TO REDUCE GHG EMISSIONS AND PLASTIC POLLUTION Bioplastics fit in as an active measure? • Bioplastics can be “biobased” • Bioplastics can be “biodegradable” • PLA is easy to chemically recycle BCML | Investor Presentation 12 BioE3 Policy: An Era of Bio-Revolution Government has introduced BioE3 Policy in August 2024 to promote bio-manufacturing and support the shift to sustainable, bio-based economy. • • The BioE3 Policy will facilitate sustainable and efficient utilization of biological resources The carbon capture storage to biomass and utilization thereof by converting it to fuels and chemicals through biological systems are essential in meeting the Net Zero targets. 1 Sugar is the most effic

KEY MESSAGE

PLA is the lowest cost biopolymer with a great hardness and great transparency. PLA has clear advantages in chemical recycling. BCML | Investor Presentation 14 BCML – PLA (bio-polymer) Project A STRATEGIC DECISION Diversifying goals align with the Make in India Initiative and Swachh Bharat Abhiyan. The market for sustainable products is growing and our initiative is to meet eco- friendly standards and create a new ecosystem for the Sugar Industry. Future option to use rice, corn or other starch based raw material as per the availability and cost. Creating a revenue stream by adding more Value-added product. BCML | Investor Presentation 15 Overview on Poly Lactic Acid (PLA) 1.2 USD Bn Value of the global PLA market, 2024 11.8% projected PLA market growth from 2024 to 2034 THE KEY PROPERTIES OF PLA 31% Share of PLA production capacity in bioplastics worldwide, 2023 58.3% utilization rate of production capacity in Bioplastics worldwide, 2024 8% Of global Bioplastics accounted for by sugar

HISTORIC TREND

5 YEARS FINANCIAL & OPERATIONAL DATA BCML | Investor Presentation 20 SUGAR BUSINESS BCML | Investor Presentation 21 Policy Intervention From Government FRP Fair & Remunerative Price (FRP) of sugarcane for the sugar season 2025-26 has been revised to ₹355 per quintal from ₹340 per quintal in the previous season (linked to a basic recovery of 10.25%). SAP State Advised Price (SAP) of sugarcane for the sugar season 2025-26 has been increased by Rs. 30 per quintal to Rs. 400 per quintal for early variety of sugarcane. The interventions by both the Central Government and the State Government reflects a clear shift in the mind-set of policy makers which augurs well for the industry MSP Minimum Selling Price (MSP) of sugar was first fixed at Rs. 29 per kg in June 2018 and later increased to Rs. 31 per kg in February 2019. MSP is the ex-factory price (excluding GST and transportation charges) below which no mill can sale sugar in India. However, the prevailing market price of sugar is much abo

Our Expectations

• Increase the prices of juice, B-heavy based ethanol in line with FRP hike, following the mechanism adopted up to 2022-23 which considers the value of sugar sacrificed. The minimum selling price of sugar (as part of the policy framework) should be revised upwards in view of the increase in FRP. BCML | Investor Presentation 22 Sugar Segment FINANCIAL NUMBERS Revenue (Rs. Cr.) PBIT (Rs. cr) PBIT Margin (%) Sugar Sales (lac quintals) 4,351.7 4,263.0 4,338.6 4,897.4 4,697.3 329.5 296.3 238.5 467.6 113.3 419.7 102.6 Average blended realization of sugar (Rs./kg) 94.7 94.2 90.4 38.0 39.1 34.7 36.0 32.0 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 7.6% 6.9% 5.5% 8.9% 9.5%

Note

Quantity variance due to seasonality BCML | Investor Presentation 23 Sugar Segment OPERATIONAL NUMBERS (1 OF 2) Sugarcane crushed (lac quintals) 1,032.6 1,084.5 1,034.0 $ 885.4 936.6 Net Sugar Recovery (%) * Sugar Recovery Pre-sacrifice (%) 10.63 10.27 10.34 9.43 9.39 11.77 11.55 11.55 11.73 11.32 Sugar Production (lac quintals) 109.8 112.2 91.0 88.3 97.1 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 $ Lower cane availability owing to weather conditions / pest attack on crop * Net of diversion towards Syrup & B-heavy route BCML | Investor Presentation 24 Sugar Segment OPERATIONAL NUMBERS (2 OF 2) Sugarcane diverted towards B-heavy route (lac quintals) Sugarcane diverted towards Syrup route (lac quintals) Sugar sacrifice under B-heavy route (lac quintals) Sugar sacrifice under Syrup route (lac quintals) 675.6 613.4 616.3 600.4 547.3 105.9 11.7 11.3 9.6 9.4 8.0 85.8 47.7 12.0 10.2 5.6 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25