BEPL

~ CB-022-MS An ISO 9001 : 2015 Company ~® bHANsAli ENGiNEERiNG polyMERs liMiTEd CIN: L27100MH1984PLC032637 Registered Office : 301 & 302, 3rd Floor, Peninsula Heights, C. D. Barfiwala Road, Andheri (West), Mumbai -400 058. Tel.: (91-22) 2621 6060/61/62/63/64 •E-mail : abstron@bhansaliabs.com •Website : www.bhansaliabs.com BEPL/SEC/2026/226 20th July, 2026 To, To, BSE Limited, The National Stock Exchange of India Ltd., Corporate Relationship Department, Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai - 400 001 Bandra (East), Mumbai - 400 001 Security Code: 500052 Security Code: BEPL Sub: Investor Presentation for the quarter ended 30th June, 2026. Dear Sir /Madam, Please find enclosed investor presentation for quarter ended 30th June,-2026. The same is being uploaded on the Website of the Company at www.bhansaliabs.com. Kindly take the same on record. Thanking you, Yours faithfully, For Bhansali Engineering Polymers Limited Ashwin M. Patel Company Secretary and GM (Legal) Encl: As above Satnoor Plant : Bhansali Nagar, Taluka -Sausar, Dist. Chhindwara, Madhya Pradesh -480 108. Tel.: (07165) 226376/77/78/79 •E-mail : beplchw@bhansaliabs.com Abu Road Plant : Plot No. SP-138-143, Ambaji Industrial Area, Abu Road, Dist. Sirohi (Rajasthan) -307 026. Tel. : (02974) 226781/82/83/84 •E-mail : beplabr@bhansaliabs.com Bhansali Engineering Polymers Limited Investor Presentation: Q1 FY27 CONTENTS 01 02 03 04 Company Performance Investment Moats Overview Update Rationale 05 06 Industry Select Financial Overview Information About Us • Bhansali Engineering Polymers Limited is India’s leading manufacturer of Acrylonitrile 2 75,000 Butadiene Styrene (ABS) and Styrenic Resins, with a strong legacy since 1984. MTPA • Established as a pioneer in international-quality ABS, with a consistent focus on State of the Art Manufacturing Facilities Installed Capacity operational efficiency and cost leadership, among the lowest-cost ABS producers in India, with quality standards at par with global benchmarks. 80+ 1 • Operates two manufacturing facilities at Abu Road (Rajasthan) and Satnoor (Madhya Pradesh), supported by an in-house R&D centre at Abu Road. Variants of ABS & Specialty Polymers R&D Centre • Strategic joint venture with Nippon A&L Inc., Japan, strengthening technology, expanding product portfolio, and reinforcing BEPL’s position as a key indigenous 404+ ~645+ player. Cr. • Diversified portfolio of high-performance engineering polymers catering to Employees Across Manufacturing Operations Cumulative Dividend Payout* automobiles, consumer durables, electronics, healthcare, and kitchenware. • Manufacturing operations backed by robust quality systems, with ISO 9001:2015 certification, ensuring consistency and reliability. Vision Mission • Strong focus on innovation, sustainability, and delivering customer-centric, application-specific solutions in a timely manner. • Attain excellence by continuously • To be the lowest-cost ABS producer in developing and delivering high-quality India with quality standards at par with Diversified end users products and services. global benchmarks. • Exceed customer expectations through • Strengthen organizational capabilities to innovative product offerings. effectively respond to evolving market • Build sustainable value for all challenges. stakeholders. • Drive continuous improvement and • Operate as a value-driven organization. operational efficiency through focused Automobiles Home Appliances Electronics Health Care Kitchenware HR and process development. 3 *Cumulative dividends distributed since FY 2021-22. Journey So Far Incorporated and listed on stock exchanges, enabling early Acquired a Achieved Expanded Ongoing ~₹ 200 capital access manufacturing recognition for capacity to 75 crores capex for facility in Abu quality excellence KMTPA debottlenecking Initiated Road at the existing collaborations plant, increasing and launched capacity to flagship brand 100 KMTPA ABStron 1984–90 1999–03 2011–12 2015–16 2024-27 1995–96 2004–06 2013–14 2017–19 Undertook initial Commissioned Entered JV with Strengthened capacity Abu Road plant Nippon A&L Inc. market leadership expansion and implemented and set up R&D ERP systems centre at Abu Road 4 CONTENTS 01 02 03 04 Company Performance Investment Moats Overview Update Rationale 05 06 Industry Select Financial Overview Information Performance Update & Management Commentary – Q1 FY27 Capacity (Metric Ton Per Annum) Financial Highlights • Revenue from operations increased by +53.3% YoY in Q1 FY27 to ₹ 472.2 crores, from ₹ 307.9 crores in Q1 FY26. 1,00,000 • EBITDA increased by 44.5% YoY in Q1 FY27 to ₹ 92.3 crores, from ₹ 63.9 crores in Q1 FY26, with margins at 19.2% for Q1 FY27 as compared to 20.0% in Q1 FY26. • PAT increased by 42.9% YoY in Q1 FY27 to ₹ 65.6 crores, from ₹ 45.9 crores in Q1 FY26, with 75,000 margins at 13.6%; for Q1 FY27 as compared to 14.4% in Q1 FY26. Business Updates 51,000 48,000 & Management Commentary • Capacity expansion from 75,000 MTPA to 100,000 MTPA, with commissioning targeted by 30,000 27,000 September, 2026. • Capex of ~₹ 200 crore, fully funded through internal accruals, reflects strong balance sheet, 7,500 financial discipline, and robust free cash flow generation. • Optimal utilisation of expanded capacity expected by end of FY28. 1990 2001 2002 2003 2010 2015 2027E 6 Performance Snapshot – Q1 FY27 ₹ 472.2 crores ₹ 168.1 crores in FY26 Revenue from Operations Cashflow from Operations (+53.3% y-o-y) (vs 108.7 in FY25) ₹ 92.3 crores 19.2% margin EBITDA1 EBITDA Margin1 (+44.5% y-o-y) (-86 bps y-o-y) ₹ 65.6 crores 13.6% margin Profit After Tax (PAT) PAT Margin1 (+42.9% y-o-y) (-76 bps y-o-y) 42.9% in FY26 32.6% in FY26 RoCE*2 RoE*3 (vs 43.3% in FY25) (vs 33.4% in FY25) ₹ 24.9 crores in Q1 FY27 0.0x Dividend Payout Gross Debt/Equity (vs 99.5 crores in FY25) (vs 0.0x in FY25) 7 1. EBITDA includes other income \ 2. Return on Capital Employed | 3. Return on Equity | *The metrics exclude excess cash and financial borrowings from the capital base and excludes the impact of non-operating income, providing a more accurate assessment of the company's core operating performance. CONTENTS 01 02 03 04 Company Performance Investment Moats Overview Update Rationale 05 06 Industry Select Financial Overview Information Product Portfolio ABS - Acrylonitrile Butadiene Styrene ASA - Acrylonitrile Styrene Acrylate • ABS is a terpolymer engineering thermoplastic produced by the polymerization of • ASA (Acrylonitrile Styrene Acrylate) is a weather-resistant engineering thermoplastic, three monomers: Acrylonitrile, Butadiene, and Styrene. developed as an advanced alternative to ABS, Produced through the polymerization • Acrylonitrile (A) enhances chemical resistance and surface hardness, improving of three monomers: Acrylonitrile, Styrene, and Acrylate. durability in demanding environments. • Acrylonitrile (A) provides chemical resistance and improves rigidity, ensuring • Butadiene (B) contributes significantly to impact strength and toughness, enabling structural stability. resistance to mechanical stress. • Styrene (S) enhances processability and delivers a superior surface finish, • Styrene (S) provides rigidity, processability, and a glossy surface finish, supporting contributing to aesthetic appeal. both structural and aesthetic requirements. • Acrylate ester (Acrylate rubber) imparts excellent UV resistance and weather stability, making ASA suitable for outdoor applications. Key Properties of ABS Key Properties of ASA • High impact resistance, making it suitable for applications requiring durability and • Exceptional UV resistance, making it highly suitable for prolonged outdoor exposure. shock absorption. • Strong weather resistance, maintaining performance under varying environmental • Good tensile strength, supporting structural integrity under load. conditions. • Retains toughness even at low temperatures, ensuring reliability across varying • Strong and durable, ensuring long-term reliability. conditions. • High aesthetic quality, with good surface finish and color stability. • Demonstrates moderate heat resistance, typically within the range of ~80°C to 100°C. End Industry Use / Key Applications End Industry Use / Key Applications 9 Product Portfolio PC-ABS – Polycarbonate-Acrylonitrile Butadiene Styrene Specialties • PC-ABS is a polymer blend (thermoplastic alloy) formed by combining • Specialties consist of tailor-made polymer compounds and blends that are Polycarbonate (PC) and ABS, thereby integrating the strengths of both materials. specifically designed to meet unique application and performance requirements. • Polycarbonate (PC) contributes superior strength, enhanced heat resistance, and • These materials are custom-engineered solutions rather than standard resins, improved toughness, making the blend suitable for demanding applications. enabling enhanced functionality and targeted performance outcomes. • ABS, on the other hand, adds excellent processability, strong impact resistance, and • Base polymers such as ABS, ASA, and PC-ABS are typically used as the foundation for an improved surface finish, enabling ease of manufacturing and better aesthetics. developing these specialized compounds. • PC-ABS is considered a high-performance engineering plastic that offers a well- • Through modification, compounding, and blending, these base polymers are balanced combination of mechanical strength, thermal stability, and processing transformed into advanced material solutions suited for specific industry needs. efficiency. Key Properties of PC-ABS Key Properties of Specialties • High impact strength, ensuring durability in applications subjected to mechanical • High impact strength, ensuring durability across demanding applications. stress. • Deliver functional performance tailored to specific use cases and operational • High heat resistance, making it suitable for components exposed to elevated requirements. temperatures. • Strong mechanical strength, supporting structural integrity and long-term reliability. • Excellent dimensional stability, maintaining shape and performance over time. • Advanced surface engineering capabilities enable improved finish, texture, and • Demonstrates flame retardancy, which is critical for safety-focused applications. aesthetic appeal. End Industry Use / Key Applications End Industry Use / Key Applications 10 Backward Integration Of ABS Key Raw Material Manufactured In-House title SAN (Styrene Acrylonitrile) Copolymer thermoplastic produced by the polymerization of two primary monomers: Styrene and Acrylonitrile. Styrene (S) provides transparency, rigidity, and good processability, making SAN suitable for applications requiring clarity and structural strength. Acrylonitrile (A) enhances chemical resistance, strength, and heat resistance, improving durability in more demanding environments. Properties: • Highly transparent, Automotive Electronics Home Appliances • Heat Resistance, • High rigidity and strength ABS (Acrylonitrile Butadiene Styrene) - Terpolymer HRG (High Rubber Graft) Modified rubber phase in which a high level of styrenic or acrylonitrile monomers are chemically grafted onto a rubber backbone, typically Healthcare Packaging Electrical polybutadiene. Grafting process improves the compatibility between the rubber phase and the surrounding rigid polymer matrix, resulting in enhanced overall material performance. Properties: • Impact Resistance, • Stiffness & toughness, • Thermal & Dimensional stability 11 Applications - Appliances Major Appliances Consumer Electronics Kitchen Appliances Electrical & Electronics Miscellaneous • Provides high-performance • In the fast-evolving consumer • Designed for high-use • Safety and performance define • Versatility extends to polymers like ABStron for the electronics market, BEPL’s environments, BEPL’s BEPL’s offerings for the electrical miscellaneous applications like major appliances sector, engineering plastics deliver the specialized polymers for sector, featuring specialized luggage, stationery, and toys, focusing on refrigerators, ACs, high-quality surface finishes kitchen appliances including Flame Retardant (FR) grades where high impact resistance and washing machines. These and mechanical strength mixers, juicers, and grinders, with UL Certification. Ideal for and anti-static properties are materials balance structural required for laptops and offer exceptional mechanical switches, CCTV cameras, and essential. integrity with premium cameras. strength and chemical security systems, these • Many of these grades comply aesthetics. • Industry-specific approach resistance. materials offer superior with FDA specifications, • Available in various colors and focuses on anti-scratch • These materials provide weatherability and high- ensuring material purity and grades like SE-32S for extrusion, properties and vibrant color thermal stability and a voltage resistance. safety for consumer-facing they ensure manufacturers options. These solutions enable premium surface finish that • They provide the critical safety goods. Whether for industrial achieve high production OEMs to meet rapid design withstands the daily wear of foundation needed for modern textile bobbins or everyday efficiency while meeting global cycles while ensuring that food preparation. By using electronic infrastructure, items, Company provides technical standards for electronic housings remain grades like TIM200, ensuring consistent durable, specialized solutions durability and high-quality resilient and visually appealing manufacturers can create performance and global that meet the diverse technical surface finishes in modern throughout their life, durable, reliable products that regulatory compliance in both and aesthetic requirements of home environments. maintaining a highly maintain their aesthetic appeal indoor and outdoor electronic various niche markets. competitive edge. despite frequent cleaning and applications. use. 13 Applications - Automotives Four-Wheeler Two-Wheeler • Premium Interior Aesthetics: High-gloss and heat-resistant grades for dashboards, • Durable Body Fairings: Impact-modified grades for front cowls, side covers, and instrument clusters, center consoles, and decorative trims that demand a superior mudguards designed to withstand high vibrations and mechanical stress during tactile finish. transit. • Weather-Resistant Exteriors: Utilization of ASA (Acrylonitrile Styrene Acrylate) for • UV-Stable Lighting Assemblies: Weather-hardy resins for headlight and indicator radiator grilles, side pillars, and mirror housings to ensure long-term UV stability and housings, preventing yellowing and brittleness from prolonged exposure to direct color retention without painting. sunlight. • Precision Lighting & Functional Parts: Specialized polymers for rear lamp housings • High-Wear Functional & Utility Components: Specialized resins for high-touch and and wheel caps that provide high dimensional stability and impact resistance under high-stress areas including speedometer casings, glove boxes, footboards, and varied thermal conditions. engine covers, offering exceptional scratch resistance and dimensional stability. 14 Manufacturing Units Unit 1 - Satnoor Plant Unit 2 - Abu Road Plant Setup : Setup : 1990 2003 Product : Product : High Rubber Graft (HRG) Styrene Acrylonitrile (SAN) & Acrylonitrile Butadiene Styrene (ABS) • Setup: Established in 1990 in technical collaboration with Sumitomo Chemical Ltd., • Setup: Advanced automated facility with a world-class R&D Center identical to Japan. Nippon A&L, Inc. (Japan). • Product: High Rubber Graft (HRG) Powder (the core intermediate used for • Product: ABS & SAN Resins (finished Engineering Thermoplastics) across various manufacturing ABS Resins). grades like Injection Molding, Extrusion, and Blow Molding. • Capacity: Current capacity is fully utilized for captive consumption in ABS • Capacity: Current capacity stands at 52,000 MTPA for SAN, fully utilized for captive manufacturing consumption in ABS manufacturing, and 75,000 MTPA for ABS (finished product). • Focuses exclusively on "back-end" chemical synthesis to ensure the highest quality • Strategically located to serve major industrial hubs in North and West India. of raw materials for the final product. 15 Board Of Directors Mr. B. M. Bhansali Mr. Jayesh B. Bhansali Managing Director Joint Managing Director cum CFO Four decades of experience in the ABS and SAN manufacturing Post Graduate in Commerce and oversees key functions of the industry. He entered the business in 1986 by setting up Bhansali Company, including marketing, finance, and general Engineering Polymers Limited. He has been honored with several administration. He possesses extensive experience in managing the prestigious awards, including the Udyog Ratan Award by the overall affairs and operations of the company. Institute of Economic Studies, the Indian Achievers Award for Quality Excellence by the All-India Achievers Foundation, and the International Achievers Award for Business Excellence by the International Achievers Conference. Mr. Dilip K. Shendre Mrs. Taruna N. Kumbhar Executive Director - Projects Independent Director B.Tech in Chemical Engineering and an MBA in Production Fellow Member (FCS) of the Institute of Company Secretaries of Management. He has over 41 years of experience in the chemical, India and holds a degree in Law, along with a PGDM from Welingkar petrochemical, and explosives industries. He is responsible for Institute. She has extensive experience in corporate governance, overseeing project execution and manufacturing operations, with secretarial audits, and advisory services, having been associated strong expertise in health, safety and environment (HSE), quality for nearly a decade with Kaushik M. Jhaveri & Co., Practicing management systems, and regulatory compliance. Company Secretary. Mr. Rohinton B. Anklesaria Mr. Firdaus N. Pavri Independent Director Independent Director Fellow Member of the Institute of Chartered Accountants of India Commerce and Law graduate from Mumbai University and an (ICAI) and an All-India Rank Holder (1979 batch). He has also experienced legal professional. He has a demonstrated history of qualified as a Cost Accountant (ICMA, 1978 batch) and holds a working in the legal field, with expertise in document drafting, degree in Law from Mumbai University. He has over 45 years of infrastructure project documentation, litigation, arbitration, and experience as a practicing professional and has been actively dispute resolution. He is currently associated with Shapoorji Pallonji involved in advising senior management and boards of large listed Real Estate as Additional General Manager – Legal and was companies. His areas of expertise include financial due diligence, previously associated with Mulla & Mulla, Craigie Blunt & Caroe as a valuations, feasibility studies, and operational and management Consultant. audits. 16 Key Managerial Personnel Mr. Rajendra Pratap Singh Raghav Mr. Ashwin M. Patel Vice President - Operations Company Secretary & General Manager - Legal B.E. in Mechanical Engineering from MNIT Jaipur and has 35+ years Member of the Institute of Company Secretaries of India and a Law of industry experience and has successfully led and managed Graduate, possesses comprehensive expertise in corporate multidisciplinary teams, driving operational excellence through a governance, statutory and regulatory compliance and legal combination of technical expertise and strategic leadership. His advisory under applicable corporate laws, has 30+ years of past associations interalia includes Jubilant Ingrevia Limited experience working with Secretarial & Legal department of Listed (Director – Engineering), National Engineering Industries Ltd., entities viz. Multi Commodity Exchange of India Ltd, MT Educare Rajasthan Polymers & Resins Limited and Bhansali Engineering Limited, Khandwala Securities Limited, J.B. Chemicals & Polymers Limited (2002-2018). Pharmaceuticals Limited etc. Mr. Mandar Kulkarni Mr. Kalpesh Patil Deputy General Manager – Global Strategic Sourcing Deputy General Manager – Human Resource & Administration MBA in Marketing from Pune University and B.E (Production) from PGDM from Balaji Institute of Management Studies, Diploma in SGGS College of Engineering and Technology. He was earlier Labour Laws from Bharti Vidyapeeth, Pune and LLB from Mumbai associated with Apcotex Industries Limited (Head – RM & PM) and University. He was associated with Wanbury Limited (Asst. GM – HR, has 24+ years of experience in strategic sourcing and supply chain IR & Admin Dept.) and bring with him 22+ years of experience. management. 17 CONTENTS 01 02 03 04 Company Performance Investment Moats Overview Update Rationale 05 06 Industry Select Financial Overview Information Investment Rationale Strategic Moat - JV with Nippon A&L & Technical Operational Moat - Integrated Manufacturing & High Superiority Utilization • Long-standing JV (since 2013) with Nippon A&L Inc., Japan, a global leader in • Backward-integrated operations with in-house SAN and HRG production, key advanced resins. inputs for ABS. • Provides access to proprietary technologies, formulations, and technical • Cost efficiencies driven by elimination of intermediary margins and Nippon expertise A&L-led process improvements. • Enables shift from commoditized ABS to high-value specialty polymers. • Positioned among the lowest-cost producers in India, ensuring resilience to raw • Creates strong entry barriers due to high R&D intensity and long development material volatility and stable margins. cycles. Economic Moat - Financial Prudence • Debt-free balance sheet ensures zero financial risk and high resilience. • Consistent positive operating cash flows (CFO) support self-funded growth without reliance on external capital. • Healthy dividend payout (~50%+)* reflects disciplined capital allocation and shareholder returns. • Strong liquidity position, providing a cushion against cyclicality and working capital shocks. 19 *Average dividend payout ratio since FY 2021-22. Driving Future Growth Through Innovation Innovation Highlights Product Development: Developed 17 new Color Portfolio: Created 112 new color grades and enhanced the properties of 12 grades to meet specific client aesthetic existing grades. requirements. Commercialization: Successfully transitioned Value Enhancement: Focused on property 20 new/improved products (including 18 color improvements to drive better margins and grades) from R&D to commercial production. long-term customer retention. R&D 1,500+ Colour Portfolio & Licensed Global DSIR-Recognized R&D center at Abu road Brands: Specialised colour lab powered by Rajasthan: Modelled on Nippon A&L Inc., Japan's Nippon A&L colour technology with access to facility, with advanced testing equipment globally recognised brands Kralastic, including FT-IR, Gas Chromatography, Xenon Arc Techniace and Unibrite. Weather-O-Meter and Impact Testers. Focused Research Pipeline: Active R&D projects spanning ASA-based weather-resistant materials for automotive applications, non- halogenated flame-resistant PC-ABS blends for electronics and sustainable development of PC/ABS blends using post-consumer recycled materials. 20 CONTENTS 01 02 03 04 Company Performance Investment Moats Overview Update Rationale 05 06 Industry Select Financial Overview Information Global Demand Contribution Global Demand of ABS Resins (In Million Tonnes) Appliances and Automotive continue to dominate global demand for ABS resins due to their high impact resistance and aesthetic versatility. EV (Electric Vehicle) adoption is accelerating consumption as manufacturers prioritize lightweight, high-performance plastics for interior trims and battery housings. 11.4 9.1 8.5 8.7 The global market is shifting toward specialty & colored grades, moving away from commoditized transparent resins to higher-margin applications. FY21 FY22 FY23 FY28E Global Demand Split (FY28E) Robust growth in end-user industries like consumer durables (air conditioners, refrigerators) and automotive will drive the domestic demand for ABS. 12.0% 10.0% 33.0% Policy protection through the monitoring of imports and potential anti- dumping duties on low-cost Asian imports provides a significant competitive advantage to local producers. 20.0% 25.0% Import substitution is a primary theme, as domestic players expand Appliances & Household Automotive Consumer Electronics Construction Others capacity to capture the ~30-40% of demand currently met by imports. 22 Source: Prismane Consulting CONTENTS 01 02 03 04 Company Performance Investment Moats Overview Update Rationale 05 06 Industry Select Financial Overview Information Financial Snapshot (1/3) Revenue from Operations (In ₹ Cr.) EBITDA1 (In ₹ Cr.) Profit After Tax (In ₹ Cr.) 1,397.7 255.2 1,276.0 251.5 251.9 1,221.7 180.2 180.0 179.4 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 Gross Profit (In ₹ Cr.) EBITDA Margin1(In %) PAT Margin (In %) 19.9% 428.0 14.2% 19.4% 13.7% 409.7 389.8 17.6% 12.5% FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 24 1. EBITDA includes other income Financial Snapshot (2/3) RoE1 (In %) RoCE2 (In %) Net D/E (In Times) 33.4%* 32.6%* 43.3%* 42.9%* 30.4%* 39.5%* 39.4% 37.4% 32.9% -0.2 19.4% 18.0% 16.6% -0.4 -0.4 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 Debtor Days (In Days) Creditor Days (In Days) Inventory Days (In Days) 73 65 79 60 40 69 44 67 21 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 25 1. Return on Equity \ 2. Return on Capital Employed I *The metrics exclude excess cash and financial borrowings from the capital base and excludes the impact of non-operating income, providing a more accurate assessment of the company's core operating performance. Financial Snapshot (3/3) Cash Conversion Cycle (In Days) Working Capital Days (In Days) Fixed Asset Turnover (In Times) 89 89 10.2 255 222 210 86 9.6 9.2 81 * 80 * 79 * FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 Dividend Payout (In ₹ Cr.) CFO1 (In ₹ Cr.) CFO1 to EBITDA (In %) 92% 3242 231 66% 168 109 43% 100 100 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 1. Cashflow from Operations \ 2. A one-time special dividend of INR 14 per equity share was declared by the company | *The metrics exclude excess cash and financial borrowings from the capital base and excludes the impact of non-operating income, providing a more accurate assessment of the comp2a6ny's core operating performance. Income Statement ₹ Crores Unless Otherwise Mentioned Particulars Q1 FY27 Q1 FY26 YoY change (%) Revenue from operations 472.2 307.9 53.3% Cost of materials and services consumed, including finished goods and WIP 326.8 209.0 56.4% Employee benefits expense 18.2 15.4 17.8% Other expenses 44.6 30.9 44.2% Other income 9.8 11.4 -14.1% EBITDA 92.3 63.9 44.5% EBITDA Margin (%) 19.2% 20.0% -86 bps Finance cost 0.1 0.0 101.1% Depreciation 2.0 2.2 -7.2% Share of net profit/(loss) from joint venture 0.5 0.3 59.0% Profit Before Tax 90.7 62.0 46.3% Tax expenses 25.1 16.1 56.1% Profit After Tax 65.6 45.9 42.9% PAT Margin (%) 13.6% 14.4% -76 bps 27 Historic Income Statement ₹ Crores Unless Otherwise Mentioned Particulars FY22 FY23 FY24 FY25 FY26 3-year CAGR (%) Revenue from operations 1,394.0 1,362.6 1,221.7 1,397.7 1,276.0 -2.2% Cost of materials and services consumed, including finished goods and WIP 748.6 985.5 831.9 988.0 848.1 Employee benefits expense 72.6 46.8 54.7 59.2 62.7 Other expenses 109.6 153.3 123.1 136.0 149.0 Other income 19.0 28.9 39.5 37.4 39.0 EBITDA 482.2 205.9 251.5 251.9 255.2 7.4% EBITDA Margin (%) 34.1% 14.8% 19.9% 17.6% 19.4% Finance cost 0.2 1.2 0.2 0.2 0.2 Depreciation 10.0 10.0 9.7 9.0 8.4 Share of net profit/(loss) from joint venture 0.6 0.8 0.8 1.1 0.8 Profit Before Tax 472.7 195.5 242.4 243.8 247.5 Tax expenses 122.6 58.9 63.0 63.8 67.3 Profit After Tax 350.0 136.7 179.4 180.0 180.2 9.6% PAT Margin (%) 24.8% 9.8% 14.2% 12.5% 13.7% 28 Historic Balance Sheet ₹ Crores Unless Otherwise Mentioned Assets FY22 FY23 FY24 FY25 FY26 Property, plant and equipment 144.5 140.0 151.5 148.5 163.4 Non-current financial assets 42.0 147.8 76.2 8.7 23.4 Other non-current assets 6.0 12.6 12.0 12.0 23.0 Inventories 197.4 170.8 135.8 117.9 183.9 Cash and cash equivalents 208.7 279.5 207.3 404.5 441.7 Trade receivables 282.4 238.0 229.9 255.5 253.5 Short terms loans and advances 217.0 154.5 222.2 141.5 175.9 Other current assets 10.2 23.9 20.8 15.2 20.6 Total 1,108.2 1,167.1 1,055.8 1,103.8 1,285.3 Equity and Liabilities FY22 FY23 FY24 FY25 FY26 Equity capital and reserves 981.3 1,068.0 922.8 1,002.1 1,083.2 Borrowings -- -- -- -- -- Trade payables 69.8 62.3 90.3 56.5 151.7 Other current liabilities 38.1 17.4 24.1 26.6 31.3 other non-current liabilities 18.9 19.4 18.6 18.6 19.1 Total 1,108.2 1,167.1 1,055.8 1,103.8 1,285.3 29 Historic Cashflow Statement ₹ Crores Unless Otherwise Mentioned Particulars FY22 FY23 FY24 FY25 FY26 Net profit before tax 472.1 194.8 243.5 244.7 248.6 Adjustments for: non-cash items and other investment/financial items -4.6 -16.6 -27.0 -29.0 -30.7 Operating profit before working capital changes 467.5 178.2 216.5 215.7 217.9 Changes in working capital -47.9 20.9 76.8 -42.7 17.6 Direct taxes paid (net of refund) -121.8 -58.9 -62.3 -64.2 -67.3 Cashflow From Operations 297.8 140.1 231.0 108.7 168.1 Cashflow From Investing Activities -300.2 -15.3 44.0 235.2 -29.9 Cashflow From Financing Activities -49.8 -49.8 -323.5 -99.5 -99.5 Change in cash and cash equivalents -52.2 75.0 -48.5 244.4 38.6 Cash and cash equivalents at the beginning of the period 129.5 77.3 152.3 103.8 348.1 Cash & Cash Equivalents At The End Of The Period 77.3 152.3 103.8 348.1 386.8 30 Safe Harbor Statement This presentation is for information purposes only and does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase any securities ("Securities") of Bhansali Engineering Polymers Limited ("BEPL" or the "Company") in India or any other jurisdiction. Neither this presentation, nor anything contained in it, form the basis of, or be relied upon in any connection with any contract or commitment whatsoever. The information contained in this presentation is strictly confidential and is intended solely for your reference and shall not be reproduced (in whole or in part), retransmitted, summarized or distributed to any other persons without Company's prior written consent. The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify you or any person of such revision or changes. This presentation may contain forward-looking statements that involve risks and uncertainties. Forward-looking statements are based on certain assumptions and expectations of future events. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements assumptions and risks, uncertainties and assumptions. Although Company believes that such forward-looking statements are based on reasonable assumptions, it can give no assurance that your expectations will be met. Representative examples of factors that could affect the accuracy of forward- looking statements include (without limitation) the condition of and changes in India's political and economic status, government policies, applicable laws, international and domestic events having a bearing on Company's business, particularly assumptions and the regulatory changes that are applicable to our sector in India, and such other factors beyond our control. You are cautioned not to place undue reliance on these forward-looking statements, which are based on knowledge, experience and current view of Company's management based on relevant facts and circumstances. The data herein with respect to Bhansali Engineering Polymers Limited is based on several assumptions and is subject to several known and unknown risks, which may cause Bhansali Engineering Polymers Limited actual results or performance to differ materially from any projected future results or performance expressed or implied by such statements. Forecasts and hypothetical examples are subject to uncertainty and contingencies outside Company's control. Past performance is not a reliable indication of future performance. This presentation has been prepared by the Company. No representation, warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions in this presentation. None of Company or any of its directors, officers, employees, agents or advisers, or any of their respective affiliates, advisers or representatives, undertake to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise and none of them shall have any liability (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. Further, nothing in this presentation should be construed as constituting legal, business, tax or financial advice or a recommendation regarding the securities. Before acting on any information you should consider the appropriateness of the information having regard to these matters, and you should seek independent financial advice. 31 For Any Further Information/Queries, Please Contact: BHANSALI ENGINEERING POLYMERS LIMITED Ashwin Patel Raj Shah, CFA Company Secretary investors@bhansaliabs.com ashwinpatel@bhansaliabs.com +91 99259 11296