RHI MAGNESITA INDIA LIMITED

rs,

xpected to drive medium-term growth  Market Share Gains: Strengthened presence in ladles, converters, and seasonal cement orders; sustained growth in TRM/4PRO, DRI & Coke Oven segments supporting 9% QoQ

9%

ters, and seasonal cement orders; sustained growth in TRM/4PRO, DRI & Coke Oven segments supporting 9% QoQ volume growth resulting in record revenues  Strategic Initiatives: steady advancement in the

0.45x

higher magnesia raw material costs and FX movements  Financial Discipline: Net Debt / EBITDA at 0.45x; higher working capital tied to revenue growth with flattish Working Capital intensity maintained.

₹ 103,536

M’s market strength Revenue from Operations Operating EBITDA Shipment (MT) Profit after Tax ₹ 103,536 L ₹ 11,053 L 8% 7% 141,370 9% ₹ 3,835 L 9% Capex ₹ 3,279 L 18% EPS ₹1.9 9% Working Cap

₹ 11,053

rength Revenue from Operations Operating EBITDA Shipment (MT) Profit after Tax ₹ 103,536 L ₹ 11,053 L 8% 7% 141,370 9% ₹ 3,835 L 9% Capex ₹ 3,279 L 18% EPS ₹1.9 9% Working Capital Intens

8%

nue from Operations Operating EBITDA Shipment (MT) Profit after Tax ₹ 103,536 L ₹ 11,053 L 8% 7% 141,370 9% ₹ 3,835 L 9% Capex ₹ 3,279 L 18% EPS ₹1.9 9% Working Capital Intensity

7%

from Operations Operating EBITDA Shipment (MT) Profit after Tax ₹ 103,536 L ₹ 11,053 L 8% 7% 141,370 9% ₹ 3,835 L 9% Capex ₹ 3,279 L 18% EPS ₹1.9 9% Working Capital Intensity Net

₹ 3,835

Operating EBITDA Shipment (MT) Profit after Tax ₹ 103,536 L ₹ 11,053 L 8% 7% 141,370 9% ₹ 3,835 L 9% Capex ₹ 3,279 L 18% EPS ₹1.9 9% Working Capital Intensity Net Debt/ EBITDA Ratio 38

₹ 3,279

hipment (MT) Profit after Tax ₹ 103,536 L ₹ 11,053 L 8% 7% 141,370 9% ₹ 3,835 L 9% Capex ₹ 3,279 L 18% EPS ₹1.9 9% Working Capital Intensity Net Debt/ EBITDA Ratio 38% 2% 0.45x 0.25x 7

18%

) Profit after Tax ₹ 103,536 L ₹ 11,053 L 8% 7% 141,370 9% ₹ 3,835 L 9% Capex ₹ 3,279 L 18% EPS ₹1.9 9% Working Capital Intensity Net Debt/ EBITDA Ratio 38% 2% 0.45x 0.25x 7 Sensi

₹1.9

after Tax ₹ 103,536 L ₹ 11,053 L 8% 7% 141,370 9% ₹ 3,835 L 9% Capex ₹ 3,279 L 18% EPS ₹1.9 9% Working Capital Intensity Net Debt/ EBITDA Ratio 38% 2% 0.45x 0.25x 7 Sensitivity: Confi

38%

5 L 9% Capex ₹ 3,279 L 18% EPS ₹1.9 9% Working Capital Intensity Net Debt/ EBITDA Ratio 38% 2% 0.45x 0.25x 7 Sensitivity: Confidential Performance Highlights Consistent growth sustained

“Receivables: Trade receivables + Contract Assets – Contract Liabilities €102m Sep-24 €100m Dec-24 €93m Mar-25 €96m Jun-25 €114m Sep-25 Payables (₹Lakhs) 21% 73,336 17% 67,248 17% 17% 62,165 64,375 Payable intensity 17% 72,426 €54m Sep-24 €65m Dec-24 €60m Mar-25 €62m Jun-25 €70m Sept.-25 10 Net Debt Bridge Q2 FY26 vs.”

“We aim to stay No.1 by driving positive change in our industry, and the industries that rely on us.”

“Theses statements may be identified by words such as “expectation” or “target” and similar expressions, or by their context.”

Production

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Shipment

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Revenue

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Depreciation

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Finance Cost

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Steelmaking in India

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Success Highlights

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Record Achievement

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Reliability

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Improvement

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Revenue

 +8% vs Q1 FY26  +14% vs H1 FY25 Employee Benefits expense 9,045 8.7% 8,681 9.0% 17,726 8.9% 18,641 10.7% Other expenses 18,648 18.0% 17,074 17.8% 35,722 17.9% 29,205 16.7% EBITDA margin Q2 FY26: 10.7% EBITDA Depreciation EBITA Amortisation EBIT Finance Cost Profit before Tax Tax Profit After Tax 11,053 10.7% 10,333 10.8% 21,386 10.7% 27,939 16.0% 2,810 8,243 2,121 6,122 945 5,178 1,343 3,835 2.7% 8.0% 2.0% 5.9% 0.9% 5.0% 1.3% 3.7% 2,609 7,725 2,099 5,626 833 4,793 1,266 3,527 2.7% 5,418 2.7% 5,646 3.2% 8.0% 15,968 8.0% 22,293 12.8% 2.2% 4,220 2.1% 4,202 2.4% 5.9% 11,748 5.9% 18,091 10.4% 0.9% 5.0% 1.3% 3.7% 1,778 0.9% 2,038 1.2% 9,971 5.0% 16,053 9.2% 2,609 7,361 1.3% 3.7% 4,174 2.4% 11,879 6.8%  +7% vs Q1 FY26  -23% vs H1 FY25

Depreciation

 Capitalization of robotic equipment during the in line with the company’s ongoing quarter, automation and efficiency initiatives(4PRO)

Finance Cost

 Foreign exchange losses on external commercial 9 borrowings Azim Syed Finance Working Capital intensity and Cash Conversion Sustained working capital intensity in line with revenue growth Working capital (₹Lakhs) Cash conversion intensity Inventories (₹Lakhs) Inventory intensity 31% 106,823 25% 102,924 29% 28% 107,355 105,761 27% 110,231 40% 35% 39% 37% 38% €103m Sep-24 €99m Dec-24 €103m Mar-25 €102m Jun-25 €106m Sep-25 139,059 139,496 142,009 141,411 30% 26% 26% 26% 156,231 Receivables (₹Lakhs)1 105,573 103,820 96,819 100,024 Receivables intensity 29% 118,426 €134m €134m €137m €136m €150m Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 1. Receivables: Trade receivables + Contract Assets – Contract Liabilities €102m Sep-24 €100m Dec-24 €93m Mar-25 €96m Jun-25 €114m Sep-25 Payables (₹Lakhs) 21% 73,336 17% 67,248 17% 17% 62,165 64,375 Payable intensity 17% 72,426 €54m Sep-24 €65m Dec-24 €60m Mar-25 €62m Jun-25 €70m Sept.-25 10 Net Debt Bridge Q2 FY26 vs. Q1 FY26 Higher working capital driven by rev

Success Highlights

 Ladle Shroud Change  Powder Feeding in Tundish  Sampling and measurements  Bayonet Coupling  Open frozen Ladle(O2 Lancing) + Safety: Reduced human exposure + Productivity: Faster, uninterrupted operations + Reliability: Consistent execution of repetitive tasks + Innovation: Customized automation Proven success opens doors to expand market share in 4PRO contracts 16 4PRO is setting new benchmarks in Safety, Automation and Productivity in India. Placeholder for a Picture Improving productivity for our customers

Record Achievement

 756 heats in EAF, surpassing previous highs of 714 at one of the customer sites  Achieved 377 heats with 100% RHIM bricks and monolithic, a significant improvement over prior cycles (342, 349, 337) Financial & Strategic Impact on our customers:  Enhanced Asset Utilization: Longer furnace life reduced downtime  Cost Efficiency: Lower maintenance and production costs  Operational

Improvement

Sustained gains from disciplined execution EAF : Electric Arc Furnace 17 R&D India Continuous momentum in R&D to achieve sustainable value creation New Product Transfers and development ➢ High quality Magnesia Chrome bricks for RH Degasser ➢ High quality Magnesia spinel bricks for Cement industry ➢ EAF Hearth ramming material & hot repair materials ➢ Eco grade cement kiln bricks ➢ Thin Slab ISO products ➢ High Chrome bricks for petrochemical use Harmonization of products and process improvements ➢ Alumina monolithics across seven plants ➢ Alumina bricks across three plants to reach our steel, cement & industrial customers ➢ Slide plate, nozzles, and ISO products across two plants ➢ Maxibrator (critical shaped pressing technology) to avoid hand moulding Recycling ➢ Alumina Bricks ➢ Magnesia Bricks ➢ Monolithic Castables Recycling % 18% 20% 16% H1 FY25 H2 FY25 H1 FY26 18 Glimpse of New Offerings Magnesia Spinel Bricks High Chromium bricks for Coal Gassifier Thin Slab ISO Magnesia Chrome