STYRENIXNSE10 February 2020

INEOS Styrolution India Limited has informed the Exchange regarding Investor Presentation

Styrenix Performance Materials Limited

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INECS STYRO ITION

To, BSE Limited Dept. DSC_CRD Phiroze Jeejeebhoy Towers, Dalal Street flandra (E) Mumbai 400 001 Stock code No. 506222

Subject: Investors Presentation

Dear Sir,

INEOS Styrolution India Ltd. 5th Floor, Ohm House-il, Ohm Business Park! Subhanpura, Vadodara —390023 Gujarat, India

ineos-styrolutioncom

February 10, 2020

National Stock Exchange ot India Limited Exchange P[aza, Plot No. 0/1, ‘G’ BIOGk, Bandra- Kurla Complex, Bandra (E) Mumbai 400 051 Stock code No. INEOSSTYRO

In continuation to our letter dated 29.01.2020 informing about the earnings call organized by the Company on February 10, 2020, please find attached Inveslor Presentation relating to the Unaudiled Financial Resulls forihe third quarter ended on December 31,2019.

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

Thanking you.

Yours faFlhfully, For INEOS Styrolution India Limited

Company Secretary

Head Oflice: INEOS Styrolution ndia td. UN L22006J 1973PLC002436 Sil’ Floor! Ohm House-I I! Ohm Business Park, Subhnpura, Vadadara — 390 023, C ujarat, I ‘idia Tele Fax No:

+91 2GS-230301/02 +91 265-Z303203

Regi5ter€d Office: IN EQS Styrol ution India ltd. CIN LS200Gj173PLC001436 5th Floor, Ohm House-Il, Ohm BLISI’less Park! Subhanpura, Vadodara — 390 OU, Cujarat, India Tele Fax No

+91 2654303201/02 +01 2652303203

INEOS STYROLUTION INDIA LIMITED

INVESTOR PRESENTATION Q3 2019-20 (Oct-Dec)

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 otherwise 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 forward 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 forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

In no event shall the Company 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.

Continue…

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 of the 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 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 of the 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 U.S. 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 have jurisdiction over the same. By accessing this presentation, the reader accepts this.

indicative of

Slide 3

Notes

• 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.

Slide 4

Contents

Executive summary

Company information

Financial review

Outlook 2020

Slide 5

Executive summary

Oct - Dec 2019 Performance summary

•

Loss Before Tax & Exceptional item is (58) INR mn in Oct-Dec 2019 as compared to profit before tax 70 INR mn in Jul-Sep 2019 Loss Before Tax & Exceptional item is (58) INR mn in Oct-Dec 2019 as compared to Loss before tax (355) INR mn in Oct-Dec 2018

Oct - Dec 2019 Update

• FG market prices did not improve as per expectation resulting in margin

pressure

• Volatility seen in key raw material prices throughout the quarter • Automotive market slow down continued during quarter • Slowdown observed across all segments • • Markets reacted adversely over announcement of ban on single use

Imports continued in PS and ABS commodity segment

disposable plastics Liquidity crisis continues to weaken market sentiments

• • Weakening INR compared to USD remains concern

Slide 6

INEOS Styrolution at a glance

Slide 7

Leading styrenics producer with global reach and proximity to customers

ABS Standard: Global No. 3; Americas & EMEA No. 1

Polystyrene: Global No. 1

Addyston (1) ABS, Spec

Channahon PS

Bayport SM

Texas City SM

Altamira PS, ABS, Spec

Sarnia SM

Antwerp SM, ABS, PS, Spec

Wingles PS

Cologne Spec

Schwarzheide Compounding

Ludwigshafen Spec

Decatur PS, SMMA

Styrene Monomer: Global No. 2

Dahej PS

Ningbo PS

Foshan PS

Katol SAN

Moxi Compounding

Nandesari ABS

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

Specialties: Global No. 1

Ulsan PS, ABS, Spec

Yeosu Spec

Map Ta Phut Spec

Slide 8

Shareholding pattern as at Dec 31, 2019

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

Slide 9

Sales performance

SALES VOLUME (KT)

SALES REVENUE (INR mn)

2018-19

2019-20

2018-19

2019-20

44.0

36.9

39.0

37.6

32.5

30.0

39.3

5,937

5,675

4,430

4,368

4,450

4,822

3,421

Apr-Jun

Jul-Sep

Oct-Dec

Jan-Mar

Apr-Jun

Jul-Sep

Oct-Dec

Jan-Mar

Slide 10

Financial review Quarter & YTD Dec 2019 results highlights

(Unit : INR mn except volumes & EPS)

Particulars

Oct-Dec 19

Jul-Sep 19

Oct-Dec 18

% vs Jul-Sep 19

% vs Oct- Dec 18

Apr-Dec 19

Apr-Dec 18

Volumes (kt)

Sales revenue

Other income

Cost of goods sold

Depreciation & amortization

Other expenses

Profit before exceptional Item & tax

Exeptional Item

Profit before tax

Profit after tax

Other comprehensive income

Total comprehensive income

EPS (Rs.)

30.0

3,397

2,668

723

(58)

(380)

(438)

(331)

(0)

(332)

(18.8)

37.3

4,368

3,457

786

101

5.6

32.3

4,455

4,000

791

(355)

(228)

(1)

(229)

(12.9)

-19%

-22%

-16%

-23%

-8%

-182%

-721%

-435%

-108%

-427%

-435%

-7%

-24%

-57%

-33%

46%

-9%

-84%

23%

46%

-82%

45%

46%

104.0

12,200

9,606

222

2,267

156

(380)

(224)

(140)

(2)

(142)

(7.9)

114.6

16,084

120

13,474

180

2,530

(2)

0.6

-9%

-24%

-57%

-29%

23%

-10%

739%

-1307%

-1333%

12%

-1558%

-1333%

Exceptional Item: In respect of one of the leasehold lands, the Company has received provisional order from relevant authority, demanding to pay INR 194 mn towards transfer fee and non-utilization of land charges. Accordingly, the Company has created the provision for the said amount during the quarter ended December 31, 2019. In view of the said provisional order, the Company has reviewed its other similar leases for potential liability and accordingly, based on the assessment and best estimates of the management, a provision of INR 186 mn has been made during the quarter ended December 31, 2019 in respect transfer fees for those leases. The Management is in the process of evaluating various remedial measures that can be taken.

Slide 11

Segment revenue & results Quarter & YTD Dec 2019 results highlights

(Unit : INR mn)

Particulars

Oct-Dec 19

Jul-Sep 19

Oct-Dec 18

% vs Jul- Sep 19

% vs Oct- Dec 18

Apr-Dec 19

Apr-Dec 18

% vs Apr- Dec 18

1. Segment revenue

(Revenue from operations)

(a) Specialties

(b) Polystyrene

Total

2. Segment results

2,562 3,304 3,299

835 1,064 1,157

3,397 4,368 4,455

(Segment profit before interest and tax)

(a) Specialties

(b) Polystyrene

141 (125)

(70) (9) (200)

Total segment profit before interest and tax

(6) 131 (325)

(i) Interest expense

(ii) Interest income

(39) (30) (45)

0 9 0

(iiI) Exceptional Item (net of credit/charge)

(380)

- -

(iv) Other unallocable expenditure (Net of income)

(13) (40)

Profit before tax

(438)

70 (355)

-22%

-55%

-643%

-105%

-31%

-99%

68%

-721%

-22%

-28%

-24%

9,070 12,046

3,131 4,037

12,200 16,084

151%

310

451

65%

98%

14%

16%

-181%

(21) (273)

289

177

(110)

(380)

(41)

(82)

(98)

-25%

-22%

-24%

-31%

92%

63%

-33%

-20%

58%

-23%

(224)

-1307%

Slide 12

Segment assets & liabilities Quarter & YTD Dec 2019 results highlights

(Unit : INR mn)

Particulars

Oct-Dec 19

Jul-Sep 19

Oct-Dec 18

% vs Jul- Sep 19

% vs Oct- Dec 18

Apr-Dec 19

Apr-Dec 18

% vs Apr- Dec 18

Segment assets

(a) Specialties

(b) Polystyrene

8,271 8,798 9,178

2,041 2,443 2,631

237

329

295

Total segment assets

10,550 11,571 12,104

Segment liabilities

(a) Specialties

(b) Polystyrene

2,993 3,262 2,329

834

972

662

674

957 2,743

Total segment liabilites

4,501 5,191 5,734

-6%

-16%

-28%

-9%

-8%

-14%

-30%

-13%

-10% 8,271 9,178

-22% 2,041 2,631

-20% 237

295

-13% 10,550 12,104

28% 2,993 2,329

26% 834

662

-75% 674 2,743

-22% 4,501 5,734

-10%

-22%

-20%

-13%

28%

26%

-75%

-22%

Slide 13

Outlook 2020

Assumptions for 2020

• Given the uncertainties in global economy due to events like US-China trade war, Middle-East unrest,

potential disruption in supply chain due to Coronavirus may impact business

• We expect Indian economy to show improvements after NBFC crisis, improvement in NPA status by

banks and corporate tax reduction by Central Government

• We expect Central government initiatives in new budget to help industry and drive consumption in

economy

Target 2020

• Continue to strengthen our product position in focus segments and drive mix to maximize margins in line

with INEOS Styrolution Triple Shift Strategy

• Continue focus on safe operations and maximize utilization of in-house assets to improve ROCE

Slide 14

THANK YOU

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INEOS Styrolution India Limited has informed the Exchange regarding Investor Presentation

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