COSMOFIRST

CFL/SE/2022-23/FEB/06 February 15, 2023 The Manager (Listing) The Manager (Listing) BSE Limited N ational Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Plot no. C/1, G Block, Mumbai-400 001 Bandra – Kurla Complex Scrip Code: 508814 Mumbai-400 051 Security ID: “COSMOFIRST” Sub: Investor Presentation Dear Sir Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, please find enclosed Investor Presentation on Operational and Financial Performance of the Company for the Quarter ended on December 31, 2022. The Investor Presentation is also being hosted on the website of the Company viz., https://www.cosmofirst.com/investors/investors-presentation. You are requested to take the same on your records. Thanking You Yours faithfully For Cosmo First Limited (Formerly Cosmo Films Limited) Jyoti Dixit Company Secretary & Compliance Officer Encl: a/a A Perspective February 2023 Speciality Films, Speciality Chemicals & Petcare Flexible PackagingI Lamination I Labeling I Synthetic Paper I SpecialityChemicals I D2C Petcare (Zigly) Disclaimer Certain statements in this presentation are forward-looking statements. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results or occurrences. Actual results other financial condition may differ materially from those includedin thesestatementsdueto a varietyof factors. Any forward-looking statements made by or on behalf of Cosmo First speak only as to the date they are made, and Cosmo First does not undertake to update forward looking statements to reflect the impact of circumstances or events that arise after the date the forward looking statements weremade. Discussion Summary ❑ Cosmo First – An Overview ❑ December 2022 Quarter - Performance Snapshot ❑ Strategic Perspective ❑ Our Businesses: ✓ Films Business ✓ Speciality Chemical ✓ D2C Petcare – Zigly ❑ Financials Overview ❑ ESG Focus Company Overview Strong History & Leading Position Global Leader in some Specialty Segments Unique Proposition ❑Established in 1981, Cosmo Films ❑World’s largest producer of thermal ❑Uniquely positioned with good mix of Ltd.is the pioneer of BOPP Films lamination films. specialty/semi specialty (64% volume IndustryinIndia. ❑Global second largest player in FY’22) and commodity films. ❑PromotedbyMr.AshokJaipuria,the Specialty label films ❑Globally among top four players in BOPP company is also the largest BOPP ❑World’s largest supplierof Industrial Specialityfilms filmexporterfromIndia. Application Films. Films Production Facilities –Annual Ventured into Specialty Chemicals D2C PetcareVenture - “ZIGLY” ❑BOPP Films: 196K MT ❑D2C Omni channel business model to ❑Masterbatch: 10k MT ❑Thermal Films: 40K MT address pets need at every stage of life. ❑Textile & Coating Chemicals: 5K MT ❑BOPET Films: 30K MT ❑To build India’s largest Pet care ecosystem ❑Adhesives: 2.5K MT ❑Coated SpecialityFilms:20K MT with presence across the channels i.e. ❑Metalized Films: 22K MT experience centers, online, mobile vans etc ❑CPP Films: 10K MT ESG & Sustainability “CareEdgeGood” Rating Strong Financials Strong R&D Focus ❑Environment: Focus on reducing Green House ❑Continuous growth and profitability ❑Collective R&D experience of over Gas missions, green energy at plants, waste track record. 100 years. reduction, water treatment etc ❑Net Debt/EBITDA: 0.7 times (Dec 22) ❑Six current patents another six in ❑Social: Education to 20k+ students, 2.5Lakh lives ❑Net Debt/Equity: 0.3 times (Dec 22) pipeline. touched in the fight against COVID-19 ❑Governance: Strong Independent board with 66% of Independent Directors Company Overview - Our Businesses Speciality films focused business Three Verticals: Zigly is D2C, Digital First Omni with target to sell 80% volume of ❑Masterbatch(From FY22) Channel platform for Pets (Petcare value add speciality films by FY24 ❑Textile Chemicals (From FY22) is high growth Industry growing at (FY22 64% speciality/semi ❑Adhesive (From H2, FY23) 25% CAGR) speciality volume) Company Overview - Key Milestones ►Established in 1981, Cosmo Films Ltd.is the ►2012: 2nd ►2016: CPP line-1 ►Petcare coating line pioneer of BOPP Films Industry in India; ►SpecialityChemicals ►2017: 10thBOPP ►2013: 9th line ►It gradually scaled up the operations BOPP line 2022 ►2010: 2nd accompanied by couple of acquisitions metallizer ►2014: 3rd 2023 2016-17 ►3rdand 4thextrusion line coating line coating line; ►2011: Korea 2021 ►Re-branded ►1stcoating line; plant 2012-14 to Cosmo 2018-20 First Limited ►Gas based 2010-11 electricity ►Specialized generation unit 2015 ►2018: CPP line-2 BOPET Line ►2020: 6thcoating line ►1996: 3rdBOPP line ►Acquired Gujarat 2006 ► c 4 o th at a i n n d g l 5 in th e; 3rd PropackLtd Masterbatch Line-1 ►2001: 4thBOPP line 2009 metallizer line; 2007-08 Upgradation of 1996-01 2002 US plant 2003-05 ►2007: 5thextrusion coating line ►Cosmo Films Ltd, acquired the GBC Commercial Print ►2008: 6thand 7th Finish business of ACCO Brands Corporation of USA in ►2003: 5thBOPP line extrusion coating line June 2009; 1981-88 ► e 2 x 0 t 0 ru 4 s : i 6 o t n h B co O a P t P in l g in l e in ; e 1 ; s t 1st ►Acquired GBC commercial ►The acquisition was made through its Netherlands subsidiary, CF Holdings Ltd. BV to become the metallizer line ►8thBOPP line ►1981: 1stBOPP line ►2005: 2ndextrusion coating line world’s largest producer of thermal lamination films ►1988: 2ndBOPP line Company Overview – Why Named “Cosmo First” Known for launching Pioneer of BOPP films Innovative Speciality Films Industry in India first in India Business Partners & First to have D2C People First True Omni-Channel Approach Presence in India Sustainability First Speciality Chemical Approach in the launched India first Industry products December 2022 Quarter - Performance Snapshot INR Crores Particulars Unaudited Q3 FY 22-23 Unaudited Q2 FY 22-23 Unaudited Q3 FY 21-22 Standalone Consolidated Standalone Consolidated Standalone Consolidated Net Sales 625 730 725 778 739 771 EBITDA 75 86 117 124 132 161 EBITDA % 12% 12% 16% 16% 18% 21% PBT 40 49 93 97 111 138 PAT 36 46 69 73 79 104 EPS* 106 119 122 141 106 135 * EPS is calculated on the TTM basis after adjusting for Bonus issue in June'22. Management Commentary ❑Q3,FY23resultswerealsoadverselyimpactedby: • onetimeinventorylossinRawmaterialsandFinishedGoods(bothinIndiaandsubsidiaries) • plannedmaintenanceofsomeoftheproductionlines • restrictedflowofordersforspecialityfilmsduetofestiveandholidayseasoninEuropeandUSA • largerfundingofoperatingdeficitintherapidlygrowingPetcarevertical ❑ Management is confident about correction of one offitems(inventoryloss,BOPP volumeloss and lowerspecialitysales) in coming quarters. ❑ The Company’s financials remain strong with annualized ROCE and ROE at 20% and 25% respectively and net debt to EBITDA of less than one times. December 2022 Quarter - Performance Snapshot Management Commentary Continues FilmBusiness: ❑During the quarter, BOPP and BOPET industry faced excess supply caused due to bunching of new production lines and on the other hand demand disruptions in overseas markets. The contribution margin dropped below the sustainable levels and impacted everyone in the industry. The Company mitigated the impact on the back of its strongpresencein specialityfilms segment. ❑BOPP Films margins have been running at close to Rs 15/- per kg during Dec 2022Q vs Rs 42/- per kg during Dec 21Q and Rs 20 per kg during Sept 2022 quarter. This is much lower than average historical margins (in range of Rs 25 perkg). ❑The BOPET line which was commissioned towards the end of last quarter continued to focus on perfecting recipes, processes and quality parameters for various speciality and value-added films in line with the Company’s entry strategyin polyesterfilms. ❑The near-term outlook for commodity films is expected to be challenging however the Company will continue to expandon specialty films growth. December 2022 Quarter - Performance Snapshot ❑SpecialityChemicals: ▪ Thespecialitychemicals businesshaswitnessedtoplinegrowthof over 30% in Q3, FY23and100% on YTD basis. ▪ We expect FY23 to close between Rs 160-170 crores with positive EBITDA. Beside some high-cost inventory, specialitychemical subsidiaryshouldpostprofitduringFY23. ▪ FY24will be yearofscale-upfor specialitychemicals. ▪ Has achieved about 75%-80% capacity utilization for masterbatch first line. Complimentary Adhesives for packagingsegmentis plannedto belaunchedin Q4, FY23. ❑PetCare: ▪ The Company’s Petcare vertical is rapidly expanding and clocked monthly GMV run rate of Rs. 1.3 crore with 11 experience centers and increasing online presence through its website and mobile apps. The company is targeting 10 times GMVgrowthwithin next2 years. ▪ The company has served over 10k+ customers with over 4k being Zigly Pro members and repeat customer rate of 1/3. Thebrandhas crossed1 lakh followersoversocial mediaplatforms. ▪ 3500+ SKUs availableon websiteincludingsome Private Label. Speciality & Semi Speciality Growth and Margins ❑ Expanding Speciality & Semi-Speciality films portfolio (high margin category) (FY22 64% volume; 19% CAGR over last 3 years). ❑ Target 80%+ volume from Speciality & Semi Speciality segment by 2024. 120% 80 70 100% 60 80% 38% 43% 52% 64% 69% 57% 50 64% 60% 40 30 40% 62% 20 20% 48% 43% 57% 36% 31% 36% 10 0% - FY19 FY20 FY21 FY22 Q1'FY23 Q2'FY23 Q3'FY23 Commodity Volume Speciality & Semi-Speciality Volume Commodity Margins Semi-Speciality Margins Speciality Margins Notes: 1) Specialty sales during Q3, FY23 was impacted in export market primarily due to temporary supply chain issues and geo-political crisis 2) Margins denote per/kg contribution for respective films categories. Why Cosmo First ? ❑ACompanywithdiversifiedbusinesseswithtarget20%CAGRtoplinegrowthinnext3yearscoupledwithcommensuratereturngrowth ❑PotentialhighGrowthEnginesincludeSpecialityFilms,SpecialityChemicalsandadigitalfirst,D2CPetcarebusiness ❑SpecialityFilms: ✓ ExpandingSpecialityportfolio(64%Volume;18%annualgrowthinlast3years).Target80%+VolumefromSpecialityby2024end ✓ TargetingHighGrowth(70%capacityincreasein3years)–SpecializedBOPETLine(Q3,FY23),CPPLinebyFY’25,BOPPLinebyH1’FY26 ✓ R&D&Sustainabilityfocus(30+highlyqualifiedpolymer/chemicalscientists;Furtherexpanding) ✓ Fourcurrentpatents&anotherfifteenareinpipeline ✓ 20%growthtargetedfromBOPETline(fromH2’FY23) ✓ 20%ROCEand25%ROE–Dec2022 ✓ Strongfinancials(netdebt/EBITDAat0.7times,netdebt/equityat0.3times) ✓ AA-CreditRatingwithstableoutlookbyCRISIL ❑SpecialityChemicals: ✓ Masterbatchplant(1stlinewith75%captiveconsumption&25%outsidesale).Expansionexpectedinnextoneyear ✓ SpecialityTextileChemicals–scaleupincomingyears ✓ ComplimentaryAdhesivebusinessforPackaging,LaminationandLabels–undercommissioning ✓ Target25%+ROCEbusiness ❑Petcare: ✓ UntappedIndustrygrowing@25%+ ✓ D2CDigitalfirstOmni-channelpresenceinProducts&Services ✓ Planstolaunchabout15experiencecentersduringFY23andenhance to150experiencecentersinnextacoupleofyears. ✓ PlantodemergePetcareverticalintoseparatecompanyinmediumterm. Key Capex to Fuel Growth Films Business: Estimated Annual Estimated S.No. CapexProject Capex Capacity Commercial (INR Crs) (MT) Productionby 1 BOPP Line (World’s Largest Line) 350 67,000 H1’FY 2026 2 CPP Films Line (World’s Largest Line) 140 25,000 H1’FY 2025 Beginning of 3 Value add assets for Specialized BOPET line 100 FY2024 Total 590 OtherBusinesses: ❑ Specialized Chemicals (scaling up planned during FY23 for capex done in FY22) – Estimated INR 60 Cr Capexin next3 years. ❑ D2C Pet Carebusinesses(15 nos.ofexperiencecentersduringFY23and enhanceonlinebusiness) What Investors may Expect ? ❑ FlexiblePackagingBusiness:Transformationintoprimarily Specialityfilms companywith lateteensROCE ❑ Speciality Chemicals:10% -15% revenuewith 25%+ ROCEin about5 years. ❑ Petcare:Build anddemergethebusinessverticalin mediumterm todriveshareholdersvaluation ❑ Going forward B2B segment (speciality films, packaging films, specialized BOPET line, speciality chemicals) andB2C segments(D2C Pet CareandselectiveSpeciality chemicals)will drive growth. ❑ ESG & Corporate Governance – ESG Initiatives & highest standard for corporate governance in place. CareEdgeResearchinitiatedESG assessmentfor CosmoFirstat Grade3 “GoodRating”. Films Business-India Industry Dynamics & Capex Strategy Data Source: AMI/PCI/Other Independent Research and Industry Sources Films Business - Speciality Films Product Portfolio PACKAGING FILMS LAMINATION FILMS LABEL FILMS INDUSTRIAL FILMS o Print & Pouching Films o Thermal Lamination & Wet o Pressure Sensitive Label o Synthetic paper o Tape & Textile Films Lamination stock films o Cable Overwrap o Special Application o Direct Thermal Printable o Other Specialized Film o BarrierFilms Lamination Films films o OverwrapFilms o Premium Lamination Films o In-mouldfilms o Heat resistant Film o Wrap Around label films Films highlighted above in red color are Specialty Films, while with blue color include both specialty & non-specialty Disclosure: All these are trademarks of respectiveOwners Speciality Films ❑ Grow Speciality portfolio by volume from 64% in FY22 to 80%+ by 2024 ❑ Each 1% shift in Specialityadds EBITDA between Rs 4 to 5 crores ❑ Complimentary growth in Specialized BOPET Line (Shrink labels, Heat reduction films and other high end Speciality) – target 20%+ ROCE in medium to long term ❑ Investing resources on R&D & Sustainability: ✓ Increased R&D headcount to 30+ highly qualified members. Further enhancing R&D capability ✓ Developed centralized R&D center at Aurangabad ✓ Driving & investing in several sustainability projects Speciality Films Focus ❑ Key SpecialityProducts: ✓ Globally among top four players in BOPP Specialityfilms ✓ Speciality Label Films – Second largest player in the World ✓ Thermal Lamination Films – World’s largest supplier ✓ Industrial Application Films – World’s largest supplier ❑ Newer growth areas for Speciality: ✓ Synthetic Paper – Durable alternate to paper. Global market 100k MT (India 6k MT) - immense potential to grow. ✓ Sustainable solutions ❑ Future Pipeline: ✓ Direct Thermal Printable Film (first BOPP film producer to launch) ✓ Sustainable PVC free solutions for graphic applications ✓ Heat reduction films ✓ Shrink Label film ❑ Heat Control Film: ✓ Global Market size US$ 10 billion and expected to grow at 5% CAGR ✓ Increasing demand for films in the building and construction industry is expected to grow of the market. Speciality Films: Specialized BOPET Line (H2, FY23) ❑ Worlds’ largest line for Shrink Labels and Heat Control Films ❑ Shrink Labels– globalmarket@ 130k MT ❑ Opportunityin Indiato convertnon-recyclablePVC film market(30k MT) ❑ Projectestimatedcost INR 450 crores(with value addedassets) withabout4 yearsestimatedpayback Speciality Films: Some Products launched during recent quarters 100% Opaque Synthetic Paper Direct Thermal Printable Film oA non tearable, co-extruded, white oA film specially designed for opaque and both sides matte coated film niche applications like for dangler application. information labelling (airport High Tear Resistant Synthetic Paper (CSP) baggage tags etc.), inventory oOriginally designed for high tear resistant tracking, frozen food labeling tag applications. Also offers moisture, oil and parking ticket applications. and chemical resistance just like standard Industrial synthetic paper. Films High Scratch Resistant Metalized Film oSpecially designed for pressure Enhanced Barrier Metalized BOPP Film oSuited for packaging of biscuits, sensitive label stock applications, Label snacks, bakery products, chocolates the film delivers spectacular Packaging Films and personal care products like print performance across a wide Films shampoo sachets etc. variety of printing processes like flexography, silkscreen, foiling White Cast Polypropylene (CPP) Film etc. oTo address the issue of slippage of layers over each other as having high Coefficient of Friction (COF). Films Business - Manufacturing Footprints TOTAL INSTALLED CAPACITY BOPP –1,96,000 TPA ( 9 lines) Thermal –40,000 TPA ( 8 lines) BOPET –30,000 TPA ( 1 line) BOPET–1 line Coating –20,000 TPA (6 lines) Metalizing –22,000 TPA (4 lines) CPP –10,000 TPA (2 lines) CSP –7,000 TPA ( 1 line) Films Business - Customer Base CANADA GERMANY US KOREA JAPAN CHINA INDIA Manufacturing Locations Sales Offices-Other than manufacturing locations Films Business – Customers/Brands we Serve . . Disclosure: All these are trademarks of respective Owners Research and Development – A Snapshot Infrastructure Achievements ❑R&D labs with most sophisticated ❑Recognition and certification by equipment and instruments, one in India & Department of Scientific & Industrial another one in USA. Research, Government of India. ❑R&D resources increased to 30+ nosduring ❑Six current patents another seven in last 2 years. pipeline. ❑The R&D team has PHD’s & Post Docs from ❑Multiple product development Awards renowned universities in the USA and such as Worldstar, Asia Star, IFCA Europe andPFFCA awards. ❑Investment of about 8M$ in R&D in last few ❑Global experience in Packaging, years Polymer Engineering, Biopolymers and Nanomaterials. ❑Screen, UV Flexo, Direct Thermal and Thermal Transfer printers Initiatives to improve Quality Culture ▪ Implemented Six Sigma System to improve quality culture. ▪ Got A grade rating from two of major customers during plant quality audit. ▪ 15 people trained as six sigma green belts last year, completed 10 projects covering quality, cost reduction and process ▪ Initiated sharing product success stories for publishing on improvements. social media. ▪ Second batch of six sigma underway, new projects initiated. ▪ Developed online COA (Certificate of analysis) generation application in SAP for all three units (system generated COAs to ▪ Implementation of 5S at shop floor is underway to make customers). Cosmo shop floors world class. ▪ Customer Complaints trend (last 4 years): ▪ Taken initiatives like double door system on each door, automating door closures etc. ▪ Green rating awarded by EcoVadis Sustainability Ratings ▪ Initiated lean manufacturing from our Karjan unit which shall be horizontally deployed at all three locations. ▪ Started shop floor technical training for sales & marketing team Cameras are installed on BOPP, Coating and Extrusion Coating Lines to detect inline defects and then rectify them BUSINESS OVERVIEW “SPECIALITY CHEMICALS BUSINESS” Speciality Chemicals - Verticals Specialty Chemicals Textile Masterbatches Adhesives Chemicals & Coatings (Capacity- 10K MT) (Capacity- 2.5K MT) (Capacity- 5K MT) Speciality Chemicals - Masterbatch ❑ India Industry size 500k mt ❑ Industry growing by 11% pa ❑ Masterbatch is a concentrated mixture of pigments and additives used for imparting specific desired properties and coloring in plastic. ❑ Plans to produce all masterbatches (captive use) and niche Speciality focused for outside sale ❑ Some recently developed masterbatches include white masterbatch, anti-stat (with 30% concentration), master batch for blown films etc. ❑ Target to reach 7%-8% of Company's consolidated revenue in 3-5 years from masterbatches with 25% ROCE Speciality Chemicals – Textile Chemicals ❑ India Industry size USD 1.4 billion ❑ Industry growing by 12% pa ❑ Commercialized 56 products and has started supplies to 40+ customers ❑ Plans to cater to niche Speciality focused ✓ either to address current problem area for the Industry or ✓ significantly better product compared to currently available ❑ Many textile chemicals products have already received prestigious GOTS approval Speciality Chemicals – Adhesives ❑ Adhesive is planned to kick start from H2’FY23: ✓ Global Industry USD 52 billion (5% growth rate) ✓ India Industry USD 3.5 billion (8%-10% growth rate) ✓ Cosmo plans to launch products in niche areas ❑ Target 7%-8% of Company's consolidated revenue in 3-5 years with 25% ROCE BUSINESS OVERVIEW – D2C PETCARE UNDER BRAND “ZIGLY” Petcare Vertical – The Industry Indian Petcare Market Rs 12500 Cr Rs 25% 5100 Rs Cr 3000 19% Cr FY 2020 FY 2023 FY 2027 • Petcare is one of the fastest growing category world The Pet caremarket in India isbooming wide. • Pet penetration in developed markets like US & UK is •~25%Projected Annual Growth more then 68% and growing. •~32MMpets •~1MMannual adoptions Petcare Vertical – Business Plan ❑ India Petcare industry INR 5k crores (25% expected growth rate) ❑ Smaller families, rising income levels and limited social lives (especially post Covid-19) ❑ No largescale organizedplayersin India offeringend to endcomprehensivesolution ❑ Averagespendingon petsincreasingsignificantly ❑ To tabthe opportunity,plannedD2C Omni channelbusinessmodel to address petsneedat everystageof life ❑ LaunchedZigly in Sept 2021 with simultaneouslaunchof website,mobilevan and its flagship storein Delhi ❑ 15 nos experience centers by FY23 (9 already started) and enhance online presence. Target 150 experience centersin nexta couple of years ❑ Keydifferentiatoris servicesfocus havinghigh gross margin ❑ Targettobe profitablewithinnext3 years ❑ Plan to demergePetcareverticalfromCosmo Firstinto separatecompanyin mediumterm Zigly – Key Tractions 12 crore 1.3 cr 10K + 3500+ Target GMV (FY 23) Current Monthly Customers served with 4k+ SKUs available GMV Zigly Pro members 1 lac + App 39% 22K + Social Media First Petcare app Repeat customers Customers database followers Zigly - Business Model Retail outlets Own E-commerce Service Other website and App Marketplace Marketplace Private label One Stop solution retail available on Amazon outlets offering 3500+ SKUs Acting as an available on website Products aggregator for panel Grooming Veterinary of groomers and Van Including Private Grooming trainers on label Grooming Van in Medicines commission basis Delhi NCR through own website Under one roof Pets familiacommunity Social community with 1 lac + followers Recent Financials INR Crores Audited FY 19-20 Audited FY 20-21 Audited FY 21-22 Particulars Standalone Consolidated Standalone Consolidated Standalone Consolidated Net Sales 2,032 2,204 2,083 2,285 2,824 3,038 EBIDTA 262 280 398 430 526 620 EBIDTA % 13% 13% 19% 19% 19% 20% PBT 163 163 305 329 430 517 PAT 114 113 216 237 313 397 EPS * 40 40 78 85 117 148 Book Value * 264 262 301 308 405 443 * Adjusted for Bonus shares. Key Highlights – FY22 Results ❑FY22 PAT has been increase by 68% on back of higher speciality sales, better operating margins, and uptick performance by subsidiaries. ❑ CRISIL upgraded Company’s long term credit rating to AA- and short term credit rating to A1+ with astable outlook. ❑Other key financial parameters like ROCE (29%), ROE (39%) and net debt to EBITDA (0.5 times) are one of the best in the industry. Key Financial Snapshot Networth and book value per share ROCE % 1,191 854 29% 741 680 655 22% 573 620 458 488 381 14% 381 295 319 350 9% 251 196 Mar-19 Mar-20 Mar-21 Mar-22 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 * Global Net Worth (INR Crores) Book Value per Share * Without considering the impact of Bonus issue declared in March-2022. ROE % Dividend (% to PAT) 40% 39% 30% 30% 30% 20% 22% 22% 24% 21% 20% 17% 20% 16% 9% 10% 0% Mar-19 Mar-20 Mar-21 Mar-22 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Leverage Profile Net Debt is coming down even with Capex Net debt/EBITDA 0.5 times and net debt to equity at 0.3 times (March 2022) Net Debt (INR Crores) 759 727 800 618 584 485 600 438 455 303 400 200 - Sep-18 Mar-19 Sep-19 Mar-20 Sep-20 Mar-21 Sep-21 Mar-22 Shareholding Pattern - Dec 2022 1.31 TopNon-Promoter Shareholding – 31st Dec 2022 Shareholding 31stDec. 2022 Acadian EmergingMarkets Small Capp 1 0.86% Equity Fund LLC Promoter and Promoter 48.84 44.28 Group 2 AequitasEquity Scheme I 0.71% Institutional 3 VikasMehra 0.56% Non Institutional 4 ShivaniTejasTrivedi 0.56% Cosmo Films ESOP 2015 5.57 Trust Aequitas Investment Consultancy 5 0.55% Private Limited HistoricalShareholding Pattern 6 PankajPoddar 0.48% (in %) Dec-22 Sept-22 Jun-22 Mar-22 Emerging Markets Core EquityPortfolio 7 (The Portfolio) of DFA Investment 0.46% Promoter 44.28 44.24 44.09 44.09 DimensaionsGroup INC. (DFAIDG) 8 AnishyaObhrai Madan 0.33% Institutional 05.57 06.78 06.90 07.18 Non Institutional 48.84 47.68 47.88 47.69 9 TapasyaObhrai Nair 0.32% Shares held by 01.31 01.30 01.12 01.04 10 JhalarVincomPrivate Limited 0.31% Employee Trust ESG and Sustainability Initiatives CareEdge “GOOD” ESG Rating Sustainable Manufacturing Practices Recycling of manufacturing 5% reduction in carbon All plants use some INR 10 crinitial investment to waste for further film emission scope 1 amount of solar power reduce environment impact Production (about 95%) 2% reduction in carbon as a source of energy emission scope 2 35% of water treated at Cosmo Constant monitoring of parameters Rain water harvesting like noise, illumination, ventilation, air quality etc. Sustainable Product Practices UV stabilized Synthetic Paper can be Offer mono-material poly-olefin used to replace PVC in outdoor films for ease of recycling. 1 8 promotional applications for duration Designed heat resistant BOPP films requirements up to one year. replacing BOPET; giving last push to 2 7 creation of mono-material structures. Use of Water Based Coatings. Offer Oxo-Biodegradable Films. Company has been partnering with 3 6 some of the best global brands to offer structure rationalization. Offer a suitable substitute for 4 5 aluminum foil in form of its Ultra-High Both BOPP and CPP films offer better Barrier Films. yield, hence enabling reduced consumption of plastics. Corporate Governance Well established practices in place I. Well qualified Board of Directors from diversified fields with majority of directors being independent II. 66% independent directors III. Independent Audit Committee with Board of Directors IV. Established risk management practices V. Separate Independent directors meetings VI. Experienced and independent internal audit function VII. Board performance evaluation VIII. Statutory Auditors: M/s SN Dhawan (Mazars, International) IX. Active Whistle Blower Policy X. Professional Management Board of Directors Mr. Ashok Jaipuria Mr. PratipChaudhuri Chairman & Managing Director Non-Executive & Non Independent Director A first generation entrepreneur with over Extensive experience in the fields of Corporate Finance, forty years of experience in the corporate Treasury, Asset Management and International Banking. world Mr. H N Sinor Independent Director Mr. A K Jain Over 4 decades experience in public as well as private sector Director of Corporate Affairs banks like UBI, Central Bank of India and ICICI Bank. Over 4 decades of experience in Finance, Accounts and General Management functions. Mr. Anil Wadhwa Independent Director Ex-Member of the IFS, he has served as Indian Ambassador to Mr. H K Agrawal Several country. Independent Director Over 4 decades of experience in the fields of Mr. RakeshNangia Strategic Management, Organization Structure, Independent Director Finance and Training. 4 decades of experience in advising Fortune 500 multinationals and Indian Business houses on a wide range of matters. Mrs. AlpanaParida Independent Director Mr. ArjunSingh More than two decades of experience in Independent Director retail and marketing communications in the 25 years of experience in running and growing businesses. US and in India. Leadership Team Mr. KulbhushanMalik Business Head-Cosmo Films Over 24 years of experience in the areas of Business & Strategy Management, Sales and Financial management. Mr. PankajPoddar Group Chief Executive Officer Over 27 years of experience in Mr. Sanjay Chincholikar finance, advisory and various Business Head-Technical Films & Rigid Packaging leadership roles. Over 30 years of experience in the fields of manufacturing, engineering, projects and quality control. Mr. AmbarishSikarwar Mr. NeerajJain Business Head-Cosmo Films B2C Pets Business Group Chief Financial Officer 19 years of experience in consumer categories. Over 22 years of experience in finance, strategy and risk management with large Dr. Anil Vilas Gaikwad manufacturing and service Business Head-Cosmo SpecialityChemicals industries in leadership roles. 15 years of experience in wide range of polymer synthesis techniques, inorganic and high temperature ceramic coatings. Corporate Social Responsibility Some of the Flagship Programs (Education to 20,000+ Students) Computer Literacy Program Basic English Learning Program Cosmo Gyan Vihar Kendra Covers 4,000 students from Implementation in 8 primary schools Identifies, enrolls and grades class I to XII every year with 1,500 students 2,500+ students from Class I to VII every year to strengthen their reading & writing skills ▪ National Award for Excellence in CSR & Sustainability -2015 in the category "Education Improvement” ▪ Asia Pacific Enterprise Leadership Award -2013 in the category Commitment to Philanthropy ▪ Africa CSR Leadership Award-2012 in the category improvement of Education ▪ "Transforming young lives through technology": An evaluation of the impact of the Computer Literacy Program in rural areas of Vadodra district -A paper Presented in Global Evaluation Conclave, New Delhi in 2010 Awards and Accolades FY 2022-23 • Featured as one of the Top 10 Companies from India in Forbes Asia Best under A Billion 2022 list • Ranked as one of India’s Fastest Growing Companies by BW Business World Magazine • Cosmo First grabbed “Most enterprising Business Award” by prestigious Entrepreneur Magazine • Ziglybagged the “Top 100 D2C Brands” of the year by the Retailer Magazine. • Cosmo SpecialityChemicals won the Award for “20 Most Promising Chemical Companies in India 2022” by Innovative Zone Magazine FY 2021-22 • Bagged CII National Level Scale award for Supply Chain and Logistics Excellence • IFCA Star Award under the innovations category for the Heat Resistant BOPP Film & CPP Specialized Film • SIES SOP Star Awards for its one side printable and other side barrier coated facestock Film, Liner less Label Films and Both side Top Coated Films FY 2020-21 • Bagged CII National 5S Excellence Awards 2020 • Best exporter awards in Aurangabad region under Nagpur Custom Commissionerate • WordStar Packaging Award 2021 in the Beverages category for Serializable Conduction Sealing Film • WorldStar Global Packaging Award 2021 in Packaging Materials & Components category for CPP High Barrier Films` FY 2019-20 ▪ Ranked as 10thin the list of Fortune’s Next 500 midsize companies ▪ Brand Excellence Awards for Effective Use of Marketing Communication & for Engineering, Research and Development Sector Thank You For more information, please contact: Cosmo First Ltd. Mr. NeerajJain Group Chief Financial Officer Email ID: neeraj.jain@cosmofirst.com; sachin.goel@cosmofirst.com AdfactorsPR Pvt. Ltd. Aashvi Shah / Snighter Albuquerque Tel: +91 98210 43389/ +91 9819123804 Email: aashvi.shah@adfactorspr.com / snighter.a@adfactorspr.com