Jain Irrigation Systems Limited

Rs 51,928 million

•European food business stable Way forward •Focus on execution of orders in hand, order book at Rs 51,928 million •Positive momentum in business cycle •Company to increase emphasis on exports 3 Standalone

10.9%

le •Company to increase emphasis on exports 3 Standalone Rs. Mn Revenue Growth y-o-y 10.9% 9.0% -39.2% 8.8% Order Book Position 24,311 11,749 70 36,130 6,167 4,664 154 10,985

9.0%

mpany to increase emphasis on exports 3 Standalone Rs. Mn Revenue Growth y-o-y 10.9% 9.0% -39.2% 8.8% Order Book Position 24,311 11,749 70 36,130 6,167 4,664 154 10,985 Perf

39.2%

o increase emphasis on exports 3 Standalone Rs. Mn Revenue Growth y-o-y 10.9% 9.0% -39.2% 8.8% Order Book Position 24,311 11,749 70 36,130 6,167 4,664 154 10,985 Performance

8.8%

ase emphasis on exports 3 Standalone Rs. Mn Revenue Growth y-o-y 10.9% 9.0% -39.2% 8.8% Order Book Position 24,311 11,749 70 36,130 6,167 4,664 154 10,985 Performance Overv

5.7%

Agro Total Revenue Growth y-o-y Order Book Position 10,238 5,496 4,107 537 20,377 5.7% 16.6% 10.5% -0.5% 9.2% 30,107 12,055 9,012 754 51,928 Q3 FY19 Growth y-o-y 9M FY19

16.6%

Total Revenue Growth y-o-y Order Book Position 10,238 5,496 4,107 537 20,377 5.7% 16.6% 10.5% -0.5% 9.2% 30,107 12,055 9,012 754 51,928 Q3 FY19 Growth y-o-y 9M FY19 Grow

10.5%

Revenue Growth y-o-y Order Book Position 10,238 5,496 4,107 537 20,377 5.7% 16.6% 10.5% -0.5% 9.2% 30,107 12,055 9,012 754 51,928 Q3 FY19 Growth y-o-y 9M FY19 Growth y-o

0.5%

ue Growth y-o-y Order Book Position 10,238 5,496 4,107 537 20,377 5.7% 16.6% 10.5% -0.5% 9.2% 30,107 12,055 9,012 754 51,928 Q3 FY19 Growth y-o-y 9M FY19 Growth y-o-y 78

9.2%

rowth y-o-y Order Book Position 10,238 5,496 4,107 537 20,377 5.7% 16.6% 10.5% -0.5% 9.2% 30,107 12,055 9,012 754 51,928 Q3 FY19 Growth y-o-y 9M FY19 Growth y-o-y 787 256

20.4%

9,012 754 51,928 Q3 FY19 Growth y-o-y 9M FY19 Growth y-o-y 787 256 1,471 2,513 -20.4% -11.1% 4.9% -6.2% 2,173 1,376 5,323 8,873 -5.3% 18.3% 2.6% 2.6% 4 Financial Perfo

11.1%

754 51,928 Q3 FY19 Growth y-o-y 9M FY19 Growth y-o-y 787 256 1,471 2,513 -20.4% -11.1% 4.9% -6.2% 2,173 1,376 5,323 8,873 -5.3% 18.3% 2.6% 2.6% 4 Financial Performance:

“Subsidy Project Export Total 1,804 3,717 2,835 1,112 9,468 1,961 4,157 3,090 1,408 10,616 1,886 3,290 4,956 2,661 12,793 1,761 4,050 4,514 3,004 13,329 Change QoQ -125 760 -442 343 536 10 Rs Bn.”

“The project is based on "Resource To Root" concept pioneered by Jain Irrigation, which fulfils both the objectives of PMKSY ( Pradhan Mantri Krishi Sinchai Yojna) i.e.”

“This project is based on unique concept of integrated Lift cum Drip irrigation project which is incorporated on such a large scale in canal command areas.”

“This project is basically planned for improving water use efficiency in canal command areas through conduit distribution and use of Drip Irrigation system from main canal onwards.”

“Stated outlay of the project is INR 584 crores.”

“ Jain Irrigation, Inc., acquires smart irrigation pioneer ETwater: o The acquisition will expand ETwater efficiencies throughout the U.S.”

“ETwater patented technology integrates data science, machine learning and predictive analytics about weather forecast and environmental variables to automatically, optimally adjust site-specific irrigation schedules.”

“Project is financed by EXIM Bank of India under Gov.”

“JISL intends to complete the project in next 18 months.”

“ Jain Irrigation to execute Integrated Drip Irrigation project in Vidarbha region o Jain Irrigation to do Integrated Drip Irrigation project in Vidarbha region through a project worth INR 2.4 bn.”

Overview

3

Performance

2

Overview

Q3 FY19 Hi-tech Agri Inputs Plastic Other Total Consolidated Rs. Mn Hi-tech Agri Inputs Plastic Agro Other Total Exports from India Rs. Mn Hi-tech Agri Inputs Plastic Agro Total Revenue Growth y-o-y Order Book Position 10,238 5,496 4,107 537 20,377 5.7% 16.6% 10.5% -0.5% 9.2% 30,107 12,055 9,012 754 51,928 Q3 FY19 Growth y-o-y 9M FY19 Growth y-o-y 787 256 1,471 2,513 -20.4% -11.1% 4.9% -6.2% 2,173 1,376 5,323 8,873 -5.3% 18.3% 2.6% 2.6% 4 Financial

Performance

Q3 FY19 Standalone Rs Mn Revenue EBIDTA PAT Cash PAT Q3FY19 Q3FY18 10,985 10,093 2,011 630 1,022 1,819 647 1,117 Consolidated Rs Mn Revenue EBIDTA PAT Cash PAT Q3FY19 Q3FY18 20,377 18,656 2,722 915 1,673 2,523 673 1,514     EBIDTA Margin for Q3 FY19 stood at 18.31% PAT slightly lower due to higher taxes EBIDTA Margin for Q3 FY19 stood at 13.36% PAT showed increase of 35.96% on YoY basis 5 Financial

Performance

9M FY19 Standalone Rs Mn Revenue^ EBIDTA PAT Cash PAT Consolidated Rs Mn Revenue^ EBIDTA PAT Cash PAT 9MFY19 9MFY18 31,082 26,635 5,599 1,522 2,867 4,590 1,216 2,628 ^Net of Excise duty   EBIDTA Margin for 9M FY19 stood at 18.01% PAT enhanced by 25.16% on YoY basis 9MFY19 9MFY18  EBIDTA Margin for 9M FY19 stood at 13.70%% 59,939 50,955 8,213 1,981 4,390 7,206 1,286 3,802 ^Net of Excise duty  PAT grew 54.04% on YoY basis 6 Standalone 1% 42% 56% 9% 91% Hi-Tech Plastics Other Domestic Export Revenue

Overview

Q3 FY19 Consolidated 3% 20% 27% 50% 48% 52% Hi-Tech Plastics Agro Other India Rest of World 7 Standalone 2% 44% 54% 11% 89% Hi-Tech Plastics Other Domestic Export Revenue

Overview

9M FY19 Consolidated 2% 22% 26% 50% 50% 50% Hi-Tech Plastics Agro Other India Rest of World 8 Working Capital Analysis Standalone Days DSO Dec 31, 2018 DSO Sept 30, 2018 DSO Dec 31, 2017 Inventory AR Net WC Inventory AR Hi Tech Plastic Standalone Co 105 37 81 190 103 156 206 89 164 110 43 85 188 87 148 Net WC 219 77 164 Inventory AR Net WC 103 54 88 179 98 152 206 64 158 Consolidated Days Hi Tech Plastic Agro Consolidated Co DSO Dec 31, 2018 DSO Sept 30, 2018 DSO Dec 31, 2017 Inventory AR Net WC Inventory AR 116 50 240 129 128 91 55 103 170 92 187 158 116 60 246 131 131 79 60 105 Net WC 180 86 190 162 Inventory AR Net WC 111 67 259 136 133 92 55 109 184 81 211 168 9 MIS Analysis - India MIS –Revenue Rs Mn Retail Project Domestic Total Export Total MIS –Receivables Q3FY19 Q3FY18 Change YoY% 3,206 1,997 5,203 787 5,990 3,174 1167 4,341 989 5,330 1.01% 71.17% 19.86% -20.49% 12.37% Rs Mn 30-Sept-17 31-Dec-17 30-Sept-18 31-Dec-18 Retail Govt. Subsidy Project Export Total 1,804 3,717 2,835 1