Polyplex Corporation Limited

rs,

ast, Mumbai- 400 051 - Listing Department, The General Manager BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001' SYMBOL: POLYPLEX BSE Scrip Code: 524051 Dear Sir(s), Sub: Regulat

208 million

g & Research IND AA- (Stable Outlook) Q2 FY 21-22 Highlights H1 FY 21-22 Highlights 1,543 Cr ($ 208 million) Sales Revenue# 272 Cr ($ 37 million) Normalized EBITDA* +7% QoQ +26% YoY -17% QoQ -19% YoY

37 million

Q2 FY 21-22 Highlights H1 FY 21-22 Highlights 1,543 Cr ($ 208 million) Sales Revenue# 272 Cr ($ 37 million) Normalized EBITDA* +7% QoQ +26% YoY -17% QoQ -19% YoY 2,979 Cr ($ 403 million) Sales Reven

7%

-22 Highlights 1,543 Cr ($ 208 million) Sales Revenue# 272 Cr ($ 37 million) Normalized EBITDA* +7% QoQ +26% YoY -17% QoQ -19% YoY 2,979 Cr ($ 403 million) Sales Revenue# 600 Cr ($ 81 million

26%

ghts 1,543 Cr ($ 208 million) Sales Revenue# 272 Cr ($ 37 million) Normalized EBITDA* +7% QoQ +26% YoY -17% QoQ -19% YoY 2,979 Cr ($ 403 million) Sales Revenue# 600 Cr ($ 81 million) Normalize

17%

Cr ($ 208 million) Sales Revenue# 272 Cr ($ 37 million) Normalized EBITDA* +7% QoQ +26% YoY -17% QoQ -19% YoY 2,979 Cr ($ 403 million) Sales Revenue# 600 Cr ($ 81 million) Normalized EBITDA*

19%

million) Sales Revenue# 272 Cr ($ 37 million) Normalized EBITDA* +7% QoQ +26% YoY -17% QoQ -19% YoY 2,979 Cr ($ 403 million) Sales Revenue# 600 Cr ($ 81 million) Normalized EBITDA* +25% YoY

403 million

e# 272 Cr ($ 37 million) Normalized EBITDA* +7% QoQ +26% YoY -17% QoQ -19% YoY 2,979 Cr ($ 403 million) Sales Revenue# 600 Cr ($ 81 million) Normalized EBITDA* +25% YoY -6% YoY # Excludes other ope

81 million

ITDA* +7% QoQ +26% YoY -17% QoQ -19% YoY 2,979 Cr ($ 403 million) Sales Revenue# 600 Cr ($ 81 million) Normalized EBITDA* +25% YoY -6% YoY # Excludes other operating revenues * Normalised EBITDA: E

25%

QoQ -19% YoY 2,979 Cr ($ 403 million) Sales Revenue# 600 Cr ($ 81 million) Normalized EBITDA* +25% YoY -6% YoY # Excludes other operating revenues * Normalised EBITDA: EBITDA excluding impact of

6%

YoY 2,979 Cr ($ 403 million) Sales Revenue# 600 Cr ($ 81 million) Normalized EBITDA* +25% YoY -6% YoY # Excludes other operating revenues * Normalised EBITDA: EBITDA excluding impact of unrealised

51%

s Mix (H1 FY 21-22) Polyplex Group Structure^ America Europe Other Asia India RoW PCL (India)* 51% PTL (Thailand) 100% 100% 100% PE (Turkey) PU (USA) PFI (Indonesia) * Including Holding of S

“These are based on certain assumptions as on date and are subject to significant risks and uncertainties, as they could be substantially influenced by several factors which are beyond Company’s control including, but not limited to, fluctuations in foreign exchange rates, changes in key raw material prices, changes in market dynamics, impact of consolidation of subsidiaries and any unexpected production down times due to machinery breakdown, unforeseen delays in project start up etc.”

“Ltd won the Money & Banking Awards 2020 in the ‘Best Public Company’ Category !22 Continuous and high growth in demand !23 Continuous Growth Polyplex growth more that the average market growth rate Capacity is in ‘000 MT Capacity CAGR 8% 1100 880 660 440 220 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Base Film Resins (incl.”

Note

3

Notes

2

Note

• Industry CUF as per CY, Polyplex CUF as per FY (H1 for FY’2021-22) • Industry CUF is based on internal estimates. For 2021, the numbers are considered upto date !11 80%82%82%80%74%99%99%100%99%95%2,28,7882,03,4811,84,3001,76,74274%80%82%82%80%95%99%100%99%99%1,16,000 Strong financial & operational track record !12 Q2 FY 21-22 Performance Snapshot QoQ Growth (Q2 FY 21-22 v/s Q1 FY 21-22) YoY Growth (Q2 FY 21-22 v/s Q2 FY 20-21) Sales Volume (All Films) 77,999 MT Sales Revenue# 1,543 INR Crores ($ 208 million) Normalized EBITDA* 272 INR Crores ($ 37 million) PAT (Before Minority) 169 INR Crores ($ 23 million) EPS 30.59 INR/Share

Notes

• Factors impacting EBITDA (QoQ and YoY): ✦ Consolidation impact of FX fluctuation on change in stock ✦ Lower VA due to higher RM cost, lag in change in sales price • Factors impacting reported PAT & EPS (YoY) 1% 7% -17% -9% -14% 26% -19% 66% 26% ✦ In Q2 2021-22, there is an unrealised FX gain of INR 4.28 crores ($ 0.58 million) as against unrealised FX loss of INR 143.65 crores ($ 19.31 million) in Q2 2020-21 on account of re- statement of foreign currency long term loans # Excludes other operating revenues * Normalised EBITDA: EBITDA excluding impact of unrealised FX gains / (losses) on long term loans !13 H1 FY 21-22 Performance Snapshot YoY Growth (H1 FY 21-22 v/s H1 FY 20-21) Sales Volume (All Films) 154,954 MT Sales Revenue# 2,979 INR Crores ($ 403 million) Normalized EBITDA* 600 INR Crores ($ 81 million) PAT (Before Minority) 355 INR Crores ($ 48 million) EPS 66.12 INR/Share

Notes

• Factors impacting EBITDA: ✦ Consolidation impact of FX fluctuation on change in stock ✦ Lower VA due to higher RM cost, lag in change in sales price • Factors impacting reported PAT & EPS 5% 25% -6% -18% -18% ✦ In H1 2021-22, there is an unrealised FX loss of INR 42.30 crores ($ 5.72 million) as against unrealised FX loss of INR 25.09 crores ($ 3.34 million) in H1 2020-21 on account of re- statement of foreign currency long term loans # Excludes other operating revenues * Normalised EBITDA: EBITDA excluding impact of unrealised FX gains / (losses) on long term loans !14 Thin PET Film - Trend Thin PET Film* Sales Volume (MT) Ex-Factory Price - Thin PET Film* (USD/Kg) Value Addition** - Thin PET Film* (USD/Kg) Q2 Q1 17-18 18-19 19-20 20-21 H1 21-22 Annualised * Includes : 17-18 18-19 19-20 20-21 Q1 21-22 Q2 21-22 - film transferred to Silicone Coating & Extrusion Coating lines but excludes sales of final product from these lines - volume of value added films - Metallized, Holography, Gener

Note

• Dividend considered based on the payout dates • The returns have been calculated based on the stock price data as on 12th Nov 2021 !20 9969909528507813,1333,0533,0292,7712,548781850952990996 Third Quarter 21-22 Guidance Q1 19-20 Q2 19-20 Q3 19-20 Q4 19-20 Q1 20-21 Q2 20-21 Q3 20-21 Q4 20-21 Q1 21-22 Q2 21-22 Q3 21-22 Normalised EBITDA (USD million) The forward-looking statements reflect Polyplex’s expectations of its next quarter earnings. These are based on certain assumptions as on date and are subject to significant risks and uncertainties, as they could be substantially influenced by several factors which are beyond Company’s control including, but not limited to, fluctuations in foreign exchange rates, changes in key raw material prices, changes in market dynamics, impact of consolidation of subsidiaries and any unexpected production down times due to machinery breakdown, unforeseen delays in project start up etc. The Company does not make any representation, warranty or prediction

Note

Includes Post Consumer Bottle Recycling Project (Ecoblue, Thailand) of USD 16 million Includes Offline Coater Film Project (USA) of USD 9 million Benefits related to on-going Other Projects: 1.Expansion of product portfolio 2.De-bottlenecking of existing film lines 3.Increasing the share of speciality films 4.Recycling Project - additional step towards sustainability Brownfield BOPP Project (Indonesia) Brownfield BOPET Project (US) 10.4 Meter Line - 60 KTPA Film Capacity, 5 layer machine with inline coating Capex: USD 54 Million Board Approved June’19 USD 20 Million funding Start Up - Expected Soon 10.6 Meter Line - 50 KTPA Film Capacity, 650 mpm design speed Resin plant de-bottlenecking - increase in capacity from 58 KTPA to 86 KTPA Capex: USD 83 Million Board Approved Sep’20 USD 25 Million funding Estimated Date of Start Up H2 2022-23 Brownfield BOPP Project: • Expansion in BOPP segment will enable the Company broaden its product offering in the regional markets and also help mitigate certain