STYRENIXNSE14 February 2019

INEOS Styrolution India Limited has informed the Exchange regarding Investor Presentation

Styrenix Performance Materials Limited

INEQS STYROLUTION

INEOS Styrolution India Ltd. 5th Floor, Ohm House-II, Ohm Business Park, Subhanpura, Vadodara — 390 023 Gujarat, India

ineos—styrolution.com

14 February 2019

To, BSE limited

Dept. DSC_CRD Phiroze Jeejeebhoy Towers, Dalal Street

Bandra (E) Mumbai 400 001

National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, ’6’ Block, Bandra— Kurla Complex, Bandra (E) Mumbai 400 051

Stock code No. 506222

Stock code. INEOSSTYRO

Subject: Investors Presentation

Dear Sir,

In continuation to our letter dated 31.01.2019 informing about the earnings call organized by the Company on 14 February 2019, please find the attached Investor Presentation relating to the Unaudited Financial Results for the third quarter ended on 31 December 2018.

You are requested to kindly take the above information on your records.

Thanking you.

Yours faithfully, For INEOS Styrolutio

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N CW1.

Sanjiv Vasudeva Managing Directo

INEOS STYROLUTION INDIA LIMITED ‘

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INVESTOR PRESENTATION Q3 2018-19 (Oct-Dec)

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Driving Success. Together,

Disclaimer

This presentation has been prepared by INEOS Styrolution India Ltd. (the “Company") solely for your information and may not be taken away, distributed, reproduced, or redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organization or firm) or published in whole or in part, for any purpose by recipients directly or indirectly to any other person. By accessing this presentation, you are agreeing to be bound by the trailing restrictions and to maintain absolute confidentiality regarding the information disclosed in these materials. The Company may alter, modify or othenNise change in any manner the contents of this presentation, without obligation to notify any persons of such change or changes. This presentation and its contents are should not be copied, published, reproduced or disseminated in any manner.

This presentation may contain certain fonNard looking statements within the meaning of applicable securities law and regulations. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in such forward-looking statements as a result of various factors and assumptions which the Company believes to be reasonable in light of its operating experience in recent years. Many factors could cause the actual results, performances, or achievements of the Company to be materially different from any future results, performances, or achievements. Significant factors that could make a difference to the Company’s operations include domestic and international economic conditions, changes in government regulations, tax regime and other statutes. In addition, please note that the date of this presentation is mentioned at the beginning of the presentation, and any fonNard-looking statements contained herein are based on assumptions that we believe to be reasonable as ofthis date. The Company does not undertake to update any fonNard-looking statements that may be made from time to time by or on behalf ofthe Company unless it is required by law.

In no event shall Styrolution or its directors or management, be responsible to any person or entity for any loss or damage, whether direct, indirect, incidental, consequential or otherwise, arising out of access or use or dissemination of information contained in this presentation, including, but not limited to, loss of profits.

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Slide 2

Disclaimer

to change without notice and past performance is not

No representation, warranty, guarantee or undertaking (express or implied) is made as to, and no reliance should be placed on, the accuracy, completeness or correctness of any information, including any projections, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein and, accordingly, none of the Company, its advisors and representative and any of its or their affiliates, officers, directors, employees or agents, and anyone acting on behalf of such persons accepts any responsibility or liability (in negligence or otherwise) whatsoever arising directly or indirectly from this presentation or its contents or otherwise arising in connection therewith. Readers must make their own assessment of the relevance, accuracy and adequacy ofthe information contained in this presentation and must make such independent investigation as they may consider necessary or appropriate for such purpose. Any opinions expressed in this presentation are subject indicative of future results. By attending this presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance ofthe Company’s business. This presentation is not for publication or distribution or release in any country where such distribution may lead to a breach of any law or regulatory requirement. The information contained herein does not constitute or form part of an offer or solicitation of an offer to purchase or subscribe for securities for sale. The distribution of this presentation in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about and observe any such restrictions. None of the Company’s securities may be offered or sold in the United States without registration under the US. Securities Act of 1933, as amended, except pursuant to an exemption from registration therefrom. This disclaimer clause and any claims arising out of the use of the information from this presentation shall be governed by the laws of India and only the courts in Vadodara, and no other Courts, shall havejurisdiction over the same. By accessing this presentation, the reader accepts this.

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Slide 3

Notes

- Revenue from operations for period up to June 30, 2017 include excise duty, which is discontinued effective from July 01, 2017 upon In accordance with lnd AS 18, Revenue, GST is not included in revenue from implementation of Goods and Services Tax in India. In view of the aforesaid restructuring of indirect taxes, revenue from operations for the quarter Apr - Jun 2018 is not operations. comparable with the quarter Apr — Jun 2017. Similarly, revenue from operations for period Apr — Dec 2018 is not comparable with the period Apr — Dec 2017.

- Segment Information:

Segment reporting in financial results: Based on the "management approach" as defined in Ind AS 108 - 'Operating Segments', the Chief Operating Decision Maker (CODM), as represented by Chairman, Managing Director and CFO, evaluates the Company's performance and allocates resources based on an analysis of various performance indicators by business segments. The accounting principles used in the preparation of these financial results are consistently applied to record revenue and expenditure in individual segment.

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Slide 4

Contents

Executive summary

Company information

Financial review

Outlook 2019

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Slide 5

Executive summary

Oct-Dec18

Performance summary

°

°

Profit Before Tax (PBT) is (-355) INR mn in Oct - Dec 18 as compared to 107INR mn in Jul-Sep18 Profit Before Tax (PBT) is (-355) INR mn in Oct - Dec 18 as compared to 228 INR mn in Oct - Dec 17

° Automotive market slowed down after Aug and yearly plant shutdown in

Oct - Dec 18

Market update

Dec

° Slowdown observed across all segments ° Higher imports in PS segment

Oct - Dec 18

Business update

° Adverse impact of high cost raw material inventory ° Significant drop in market prices leading to adverse impact on margins ° Demand further impacted due to weak INR keeping input cost high

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Slide 6

INEOS Styrolution at a glance

3,300 EMPLOYEES

“I.“ 9

COUNTRIES

18 'l' "'

PRODUCTION SITES

6R&D CENTRES

24sa|es offices.

APPROX.1,00°

_

PATENTS

4000*

. . CUSTOMERS H

1,500‘ PRODUCTS I g I: a -? a as

2,000+APPLICATIONS ACROSS SEVEN INDUSTRIES

5 3 ‘\EUrROSB'ILNLIR‘OECENUE © ‘5' 6 6 9 O 9 mm

TOYS, SPORE %=5'

CONSTRUCTION

ELECWCNICS

HEALTHCARE

HDUSEHC’J}

PACKAGING

AUTOMOTIVE

IN EQS STYROLUTION

Driving Success. Togethen

Slide 7

I LEISURE

Global reach and proximity to customer markets

Antwerp SM, PS, ABS, sec

Addyston INEOS ABS1

ABS, Specialties

Bayport SM

Altamira

PS, ABSI ASA, SBC, AMSAN

Channahon

PS

Decatur

PS, SMMA

Cologne ABS specialties

Schwarzheide

Compounding

Ludwigshafen ABSI ASA. SAN. AMSAN.

SMMA

Moxi

Compounding

Vadodara

ABS

Ulsan

ASA, PS, ABS,

Compounding

Map Ta Phut ABS, SAN

(1) INEOS Styrolution acts as exclusive distributor for the INEOS ABS plant in Addyston, Ohio.

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SM: styrene monomer PS: polystyrene ABS: acrylonitrile butadiene styrene Specialties: ABS/ ASA, ASA, SAN, AMSAN, SBC, SMMA

Slide 8

Shareholding pattern as at Dec 31, 2018

INEOS Styrolution APAC Pte Ltd., Singapore 75.00%

Foreign institutions 0.69%

Domestic

institutions

5.98%

IEPF *

0.16%

Non institutions

18.17%

* IEPF : Investor Education and Protection Fund [Government Organization]

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Slide 9

Sales performance

SALES VOLUME KT

SALES REVENUE INR mn

.2017-18

.2018-19

.2017-18

.2018-19

Apr-J un

Jul-Sep

Oct-Dec

APF'JU”

”"399

Od'DeC

4,529

4,450

° Sales revenue — refer note below.

Revenue from operations for periods up to June 30, 2017 include excise duty, which is discontinued effective from July 01, 2017 upon included in revenue from implementation of Goods and Services Tax (GST) in India. operations. In view ofthe aforesaid restructuring of indirect taxes, revenue from operations for the period Apr — Jun 18 is not comparable with period Apr — Jun 17.

In accordance with Ind AS 18, Revenue GST is not

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Slide 10

Financial review Q3 2018-19 (Oct - Dec) results highlights

(Unit: INR mn except volumes & EPS)

Particulars

Oct-Dec 18

Jul-Sep 18

Oct-Dec 17

% vs Jul-Sep % vs Oct-Dec

18

17

Volumes (kt)

Sales revenue

Other income

Cost of goods sold

Depreciation & amortization

Other expenses

Profit before tax

Profit after tax

Other comprehensive income

Total comprehensive income

32.5

4,450

24

3,972

54

803

(355)

(228)

(1)

(229)

39.1

5,675

46

4,690

64

860

107

70

0

70

36.1

4,529

16

3,432

68

817

228

143

8

151

EPS (Rs.)

(12.95)

3.99

8.14

(16.8)

(21.6)

(48.4)

(15.3)

(16.1)

(6.7)

(430.6)

(424.6)

(460.1)

(424.8)

(424.6)

(10.0)

(1.7)

50.0

15.7

(20.6)

(1.7)

(255.3)

(259.1)

(116.2)

(251.8)

(259.1)

lN E(C)S STYROLUTION

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Slide 11

Financial YTD Dec 2018 (Apr - Dec) results highlights

review

Particulars

YTD Dec'18

YTD Dec'17

%

(Unit: INR mn except volumes & EPS)

Volumes (kt)

Sales Revenue

Other Income

Cost of goods sold

Depreciation & amortization

Other expenses

Profit before tax

Profit after tax

Other comprehensive income

Total comprehensive income

115.5

114.0

49

119.6

16,062

107

13,446

180

2,524

19

11

(2)

10

14,397

11,368

191

2,360

527

340

5

346

1.2

11.6

18.3

(5.6)

6.9

(96.5)

(96.7)

(129.5)

(97.2)

(96.7)

EPS (Rs)

0.64

19.35

Revenue from operations for periods up to June 30, 2017 include excise duty, which is discontinued effective from July 01, 2017 upon included in revenue from implementation of Goods and Services Tax (GST) in India. operations. In view of the aforesaid restructuring of indirect taxes, revenue from operations for the period Apr — Dec 18 is not comparable with the period Apr — Dec 17.

In accordance with Ind AS 18, Revenue, GST is not

INEQS STYROLUTION

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Slide 12

Segment revenue & results Q3 2018-19 (Oct - Dec) results highlights

Particulars

Oct-Dec 13

Jul-Sep 13

Oct-Dec 17

(Unit: INR mn)

% VS 113's” % VS 107°t'Dec

1. Segment revenue

(Revenue from operations)

(a) Specialties

(b) Polystyrene

(c) Others

Total

2. Segment results

(Segment profit before interest and tax)

(a) Specialties

(b) Polystyrene

(c) Others

3,299

1,157

4,393

1,290

3,277

1,253

-

-

-

4,455

5,684

4,530

(24.9)

(10.4)

0.0

(21.6)

0.7

(7.7)

0.0

(1.7)

(125)

(200)

233

(67)

245

(153.7)

(151.0)

7

198.9

(3009.9)

-

-

-

0.0

0.0

Total segment profit before interest and tax

(i) Interest expense

(ii) Interest income

(flztgm:rr::::|)locable expenditure

Profit before tax

(325)

(45)

0

16

(355)

166

(18)

18

(58)

107

(296.3)

(229.1)

252

(34)

4.3

147.7

(99.6)

6

(127.3)

32.3

(98.3)

160.0

228

(430.6)

(255.3)

ll\l E(C)S STYROLUTION

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Slide 13

Segment revenue & results YTD Dec 2018 (Apr - Dec) results highlights

Particulars

YTD Dec'18

YTD Dec'17

% VS,YTD

Dec 17

(Unit: INR mn)

1. Segment revenue

(Revenue from operations)

(a) Specialties

(b) Polystyrene

(c) Others

Total

2. Segment results

(Segment profit before interest and tax)

(a) Specialties

(b) Polystyrene

(c) Others

Total segment profit before interest and tax

(i) Interest expense

(lb Interest income

(Eilztim:;:::)loca ble expenditure

Profit before tax

12,046

4,037

10,129

4,273

16,084

14,402

451

(273)

661

(22)

-

-

177

(82)

22

(98)

19

639

(119)

25

(17)

527

18.9

(5.5)

11.7

(31.8)

1155.9

0.0

(72.2)

(30.7)

(11.1)

464.9

(96.5)

Revenue from operations for periods up to June 30, 2017 include excise duty, which is discontinued effective from July 01, 2017 upon included in revenue from implementation of Goods and Services Tax (GST) in India. operations. In view of the aforesaid restructuring of indirect taxes, revenue from operations for the period Apr — Dec 18 is not comparable with the period Apr — Dec 17.

In accordance with Ind AS 18, Revenue, GST is not

IN E(C)S STYROLUTION

Driving Success. Togcthm

Slide 14

Segment assets & liabilities YTD Dec 2018 (Apr - Dec) results highlights

Particulars

YTD Dec'18

YTD Dec'17

(umthan)

% vs ,YTD

Dec17

Segment assets

(a)Spedaflms

(b) Polystyrene

(c) Unallocated

Total segment assets

Segmentfiabmfies

(a)Spedaflms

(b) Polystyrene

(c) Unallocated

Total segment liabilites

9fl78

2,631

295

12,104

2329

662

2,743

5,734

6938

2,290

393

9,621

L706

114

1,670

3,489

323

14.9

(25.1)

25.8

365

481.7

64.3

64.3

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Driving Success. Trvgrvtl'w

Slide 15

Outlook 2019

Assumptions for 2019

° We expect various budgetary schemes to continue to drive demand growth

° We expect currency rates and raw material prices to stabilize

Target 2019

° Continue to strengthen our position in Specialties focus segments and drive product mix to maximize

margins

° Safe and successful startup of Moxi compounding expansion from 66kt to 100 kt

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Slide 16

THANK YOU

[SNTEé'aunou

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