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Black Bear Labs COSMOFIRST · Q4 FY23 · investor call

COSMOFIRST

Cosmo First reported mixed performance in Q4 FY23, with revenue growth offset by margin pressures. The company highlighted strong cash reserves and a focus on specialty films to drive future growth. Petcare segment showed promising expansion, while specialty chemicals are expected to contribute more with new product launches.

Scale of reported figures

Net Sales₹601 crEBITDA₹61 crPAT₹21 cr

Key financials

Net Sales₹601 crore
EBITDA₹61 crore
PAT₹21 crore

Segment commentary

Films Business

Commodity films margins declined, impacting profitability. Specialty films at 62% volume provided resilience.

Specialty Chemicals

Expected growth with new adhesives and masterbatch expansion.

Petcare

Rapid growth with GMV of Rs. 2 crore monthly, planning acquisitions and scaling experience centers.

Guidance & outlook

  • Expect improvement in margins as industry conditions stabilize.
  • Target specialty films to reach 80% volume by FY25.
  • Plan to demerge Petcare into a separate company in the medium term.

Key takeaways

  • Strong focus on specialty films to mitigate margin pressures from commodities.
  • Petcare segment showing rapid growth with plans for expansion through acquisitions and scaling.
  • Balanced financial position with strong cash reserves supporting future investments.

Risks flagged

  • Declining margins in commodity films due to excess supply.
  • Geopolitical issues affecting export markets for specialty products.
herofinancialssegmentstakeawaysquote
Educational analysis only. Not investment advice. Consult a SEBI-registered advisor before investing. Source: https://nsearchives.nseindia.com/corporate/COSMOFIRST_30052023095658_FINALs.pdf
Full transcript (4,319 words)
CFL/SE/2023-24/May/12 May 30, 2023 The Manager (Listing) The Manager (Listing) BSE Limited National 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 March 31, 2023. 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 Cosmo First Limited Corporate/Regd. Office: 10th Floor, 1008, DLF Tower-A, (Formerly Cosmo Films Limited) Jasola District Centre, New Delhi-110025 Email: enquiry@cosmofirst.com; www.cosmofirst.com CIN: L92114DL1976PLC008355 Tel: +91 11 49494949; Fax: +91 11 49494950 A Perspective May 2023 Speciality Films, Speciality Chemicals & Petcare Flexible Packaging I Lamination I Labeling I Synthetic Paper I Speciality Chemicals 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 included in these statements due to a variety of 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 were made. Discussion Summary  Cosmo First – An Overview  March 2023, Year & Quarter - Performance Snapshot  Strategic Perspective  Our Businesses:  Films Business  Specialty 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 (62% volume Industry in India.  Global second largest player in FY’23) and commodity films.  Promoted by Mr. Ashok Jaipuria, the Specialty label films  Globally among top four players in BOPP company is also the largest BOPP World’s largest supplier of Industrial Speciality films film exporterfrom India. Application Films. Films Production Facilities – Annual Ventured into Specialty Chemicals D2C Petcare Venture - “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.  Coating Chemicals: 5K MT  BOPET Films: 30K MT  To build India’s largest Pet care ecosystem  Adhesives: 2.5K MT  Coated Speciality Films: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 “CareEdge Good” 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: 1.0 times (Mar’23)  Eight current patents and another  Social: Education to 20k+ students, 2.5Lakh lives  Net Debt/Equity: 0.3 times (Mar’23) eight are in 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 Verticals: Zigly is D2C, Digital First Omni with target to sell 80% BOPP Masterbatch (From FY22) Channel platform for Pets (Petcare based volume of speciality films Coating Chemicals (From FY22) is high growth Industry growing at by FY25 (FY23 62%) Adhesive (From FY24) 25% CAGR) Company Overview - Key Milestones ►Established in 1981, Cosmo Films Ltd.is ►2012: 2nd ►2016: CPP line-1 ►Petcare coating line the pioneer of BOPP Films Industry in ►Speciality Chemicals ►2017: 10thBOPP India; ►2013: 9th line ►Today leading Specialty film player BOPP line 2022 ►2010: 2nd globally and leading BOPP player in India 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 ►4thand 5th 2006 ►1996: 3rdBOPP line coating line; 3rd Masterbatch Line-1 ►2001: 4thBOPP line 2009 metallizer line; 2007-08 ►8th BOPP line Upgradation of 1996-01 US plant 2003-05 ►2007: 5thextrusion coating line ►2008: 6thand 7th extrusion coating line ►2003: 5thBOPP line 1981-88 ►2004: 6thBOPP line; 1st extrusion coating line; 1st metallizer line ►1981: 1stBOPP line ►2005: 2ndextrusion coating line ►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 some India Industry first products Speciality & Semi Speciality Growth and Margins  Expanding Speciality & Semi-Speciality films portfolio (high margin category) (FY23 62% volume; 13% CAGR over last 4 years).  Target 80%+ volume from Speciality & Semi Speciality segment by 2025. 120% 80 70 100% 60 80% 38% 43% 62% 52% 64% 50 60% 40 30 40% 62% 48% 36% 20 20% 57% 38% 10 0% - FY19 FY20 FY21 FY22 FY23 Commodity Volume Speciality & Semi-Speciality Volume Commodity Margins Semi-Speciality Margins Speciality Margins Notes: 1) Specialty sales has been stagnant in FY23 from FY22 mainly due to supply chain issues and geo-political crisis in some export markets 2) Margins denote per/kg contribution for respective films categories. March 2023 Quarter - Performance Snapshot INR Cr Audited Q4 FY 22-23 Unaudited Q3 FY 22-23 Audited Q4 FY 21-22 Particulars Standalone Consolidated Standalone Consolidated Standalone Consolidated Net Sales 601 712 625 730 730 821 EBITDA 61 74 75 86 146 165 EBITDA % 10% 10% 12% 12% 20% 20% PBT 25 35 40 49 119 135 PAT 21 32 36 46 93 108 EPS* 80 91 106 119 117 148 * EPS is calculated on the TTM basis after adjusting for Bonus issue in June’22 and buyback . Management Commentary  During Q4, commodity films margins both BOPP and BOPET suffered a further decline severely impairing the profitability of the industry. Cosmo with over two third of its revenue coming from speciality films could withstand the margin pressure and outperformed the industry once again.  The Company expects the position to improve in the coming months bringing an end to QoQ declining phase, happening since last 3 quarters. The Company will continue to build its speciality products portfolio and maintain its lead over the other industry players. March 2023 Quarter - Performance Snapshot Management Commentary Continues  The Company’s Petcare vertical continue to grow rapidly and clocked monthly run rate revenue (GMV) of Rs. 2 crores from its 15 experience centres and increasing online presence through its website and mobile Apps. An acquisition opportunity in the on-line petcare space is in the final stage and expected to be closed soon. This would further accelerate the growth of the Petcare vertical.  The Speciality Chemical subsidiary is set to launch newer adhesives which together with healthy growth in masterbatch vertical would enable the subsidiary to have further growth in FY 23-24.  The Company’s balance sheet remains strong with substantial cash reserve and net debt to EBITDA of about one time.  The Board of Directors had recommended dividend of Rs 5 per equity share for the financial year FY 22-23 subject to approval of shareholders in the annual general meeting. This coupled with the 1:2 bonus in June 2022 and share buyback with tax free handsome gain over the market price in February 2023 affirms the Company’s commitment to provide regular return and share prosperity with the shareholders. FY22-23 - Performance Snapshot INR Crores Audited FY 20-21 Audited FY 21-22 Audited FY 22-23 Particulars Standalone Consolidated Standalone Consolidated Standalone Consolidated Net Sales 2,083 2,285 2,824 3,038 2,742 3,063 EBIDTA 398 430 526 620 396 434 EBIDTA % 19% 19% 19% 20% 14% 14% PBT 305 329 430 517 275 304 PAT 216 237 313 397 207 244 EPS * 78 85 117 148 80 91 Book Value * 306 313 399 437 437 495 Key Highlights – FY23 Results  During FY23, BOPP and BOPET industry faced excess supply caused due to bunching of new production lines. The contribution margin has been dropping on BOPP and BOPET films each quarter continuously during FY23 and have reached below the sustainable levels in Q4, which impacted the whole BOPP and BOPET industry. Cosmo could still outperform and post double-digit EBITDA primarily due to 62% speciality films sales during FY23.  While the near-term BOPP & BOPET outlook remain challenging, the Company’s focus on speciality for BOPP and BOPET should keep the Company on leading front. Why Cosmo First ? ACompany with diversified businesseswith target 20% CAGRtopline growth in next3 yearscoupledwith commensurate return growth Potential high Growth Engines include Speciality Films, Speciality Chemicals and adigital first, D2C Petcarebusiness Speciality Films:  Expanding Speciality portfolio(62% Volume; 13% annual growthin last 4 years).Target 80%+ Volume fromSpeciality by 2025 end  Targeting High Growth(70% capacity increase)–Specialized BOPET Line (Q3,FY23), CPP Line by FY’25, BOPP Line by H1’FY26  R&D & Sustainability focus(30+ highly qualified polymer/chemical scientists; Further expanding)  Eight current patents andanothereight arein pipeline  20% growthtargeted fromBOPET line  16% ROCE and 20% ROE–March2023  Strong financials (net debt/EBITDA at onetimes, net debt/equity at0.3 times)  AA-Credit Rating with stable outlookby CRISIL Speciality Chemicals:  Masterbatchplant (1st line with 75% captive consumption & 25% outside sale).Expansionexpectedin next oneyear  Coating Chemicals –scaleup in coming years  Complimentary Adhesive businessforPackaging, Lamination andLabels–FY24  Target 25%+ ROCE business Petcare:  UntappedIndustrygrowing @25%+  D2C Digital first Omni-channel presenceinProducts &Services  Monthly GMVRs 2 crorewith 15 experiencecenters &online presence–Target 100+ experiencecentersin next acouple ofyears.  Plan to demergePetcarevertical intoseparatecompany in medium term. Key Capex to Fuel Growth Films Business: Estimated Annual Estimated S.No. Capex Project Capex Capacity Commercial (INR Crs) (MT) Production by 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 3 Value add assets for Specialized BOPET line 100 FY 2024 Total 590* *Out of above capex about Rs 100 crores already done in March 2023 balance sheet Other Businesses:  Specialized Chemicals (scaling up in coming years) – Estimated INR 50 Cr Capex in next 3 years.  D2C Pet Care businesses (15 nos. of experience centers at March 2023 – plan to significantly increase to 100+ in a couple of years beside online business) 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 Barrier Films Lamination Films films o Overwrap Films o Premium Lamination Films o In-mould films 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 Focus  Key Speciality Products:  Grow Speciality portfolio by volume from  Globally among top four players in BOPP Speciality films 62% in FY23 to 80%+ by 2025  Speciality Label Films – Second largest player in the World  Thermal Lamination Films – World’s largest supplier  Each 1% shift in Speciality adds EBITDA  Industrial Application Films – World’s largest supplier between Rs 4 to 5 crores  Newer growth areas for Speciality:  Complimentary growth in Specialized BOPET  Synthetic Paper – Durable alternate to paper. Global market 100k Line (Shrink labels, Heat reduction films and MT (India 6k MT) - immense potential to grow. other high end Speciality) – target 20%+ ROCE in  Sustainable solutions medium to long term  Future Pipeline:  Investing resources on R&D & Sustainability:  Direct Thermal Printable Film (first BOPP film producer to launch)  Increased R&D headcount to 30+ highly  Sustainable PVC free solutions for graphic applications qualified members. Further enhancing  Heat reduction films and Shrink Label film R&D capability  Developed centralized R&D center at  Heat Control Film: Aurangabad  Global Market size US$ 10 billion and expected to grow at 5% CAGR  Driving & investing in several sustainability  Increasing demand for films in the building and construction projects 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 – global market @ 130k MT  Opportunity in India to convert non-recyclable PVC film market (30k MT)  Project estimated cost INR 450 crores (with value added assets) with about 4-5 years estimated payback Focus on R&D and innovation to fuel next phase of growth Infrastructure Innovative Product Launches  Direct Thermal Printable Film: Film specially designed for niche applications like information labelling (airport baggage tags), inventory tracking, frozen food  R&D labs with most sophisticated labeling & parking ticket applications. equipment and instruments, one in India & another one in USA.  High Scratch Resistant Metalized Film: Specially designed for pressure sensitive label stock applications, the film delivers spectacular print performance across a  R&D resources increased to 30+ nos wide variety of printing processes like flexography, silkscreen, foiling etc. during last2 years.  100% Opaque Synthetic Paper: Non tearable, co-extruded, white opaque and both sides matte coated film for dangler application.  The R&D team has PHD’s & Post Docs from renowned universities in the USA  High Tear Resistant Synthetic Paper (CSP): Originally designed for high tear and Europe resistant tag applications. Also offers moisture, oil and chemical resistance just like standard synthetic paper.  Investment of about 8M$ in R&D in last few years  Enhanced Barrier Metalized BOPP Film: Suited for packaging of biscuits, snacks, bakery products, chocolates and personal care products like shampoo sachets etc.  Screen, UV Flexo, Direct Thermal and Thermal Transfer printers  White Cast Polypropylene (CPP) Film: To 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) Coating – 20,000 TPA (6 lines) BOPET–1 line 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 INDIA Manufacturing Locations Sales Offices-Other than manufacturing locations Sales FY 22-23 47% Export 53% Domestic Films Business – Customers/Brands we Serve . . Disclosure: All these are trademarks of respective Owners BUSINESS OVERVIEW “SPECIALITY CHEMICALS BUSINESS” Specialty Chemicals Coating Masterbatches Adhesives Chemicals (Capacity- 10K MT) (Capacity- 2.5K MT) (Capacity- 5K MT) Specialty Chemicals Masterbatches Adhesives  India Industry size is 500k mt.  Adhesive is planned to kick start from H2’FY23  Industry growing by 11% pa.  Global Industry USD 52 billion (5% growth  Masterbatch is a concentrated mixture of rate) pigments and additives used for imparting  India Industry USD 3.5 billion (8%-10% growth specific desired properties and coloring in rate) plastic.  Cosmo plans to launch products in niche areas  Plans to produce all masterbatches (captive  Target 7%-8% of Company's consolidated use) and niche Speciality focused for outside revenue in 3-5 years with 25% ROCE 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 BUSINESS OVERVIEW D2C PETCARE UNDER BRAND “ZIGLY” Rs Indian Petcare Market 12500 Cr 25% Rs 5100 Rs 19% Cr 3000 Cr FY 2020 FY 2023 FY 2027 Pet penetration in developed markets like US & UK is more then 68% and growing. ThePetcaremarketinIndiaisboomingwith •~25%ProjectedAnnualGrowth•~32MM pets•~1MMannualadoptions Petcare Vertical (Zigly) 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 large scale organized players in India offering end to end comprehensive solution  Average spending on pets increasing significantly  To tab the opportunity, planned D2C Omni channel business model to address pets need at every stage of life  Launched Zigly in Sept 2021 with simultaneous launch of website, mobile van and its flagship store in Delhi  Current monthly GMV of Rs 2 crores with 15 experience centers online presence. Target 100+ experience centers in next a couple of years  Key differentiator is services focus having high gross margin  Accelerate growth through acquisitions  Target to be profitable within next 3 years  Plan to demerge Petcare vertical from Cosmo First into separate company in medium term Zigly – Key Tractions 13 Cr 2 cr 23K + 4200+ GMV (FY’23) Current Monthly Customers served with 6k+ SKUs available GMV Zigly Pro members 1 lac + App 39% 75K + Social Media First Petcare app Repeat customers Customers database followers Zigly - Business Model Retail outlets Own E-commerce Service Other Marketplace website and App Marketplace Private label One Stop solution retail available on Amazon outlets offering 4200+ 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 familia community Social community with 1 lac + followers Key Financial Snapshot – to be updated Net-Worth and Book-Value per share 1,298 ROCE % 1,191 854 29% 741 680 22% 573 620 488 16% 437 14% 381 313 495 260 9% 201 217 238 171 133 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 Global Net Worth (INR Crores) Book Value per Share* * After considering the impact of for Bonus issue in June’22 and buyback. ROE % Rewards (Dividend/Buyback) (% to PAT) * 69% 80% 63% 39% 60% 30% 30% 20% 40% 20% 22% 22% 17% 24% 20% 16% 20% 9% 0% Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 * Includes final dividend for FY’23 of Rs. 5/share subject to shareholders approval at ensuing AGM. Leverage Profile Strong financials with continuing Capex. Net debt/EBITDA 1.0 times and net debt to equity at 0.3 times (March 2023) Net Debt (INR Cr) 800 727 600 584 438 434 400 303 200 - Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Shareholding Pattern – Mar 2023 1.21 Top Non-Promoter Shareholding – 31st Mar 2023 Shareholding 31st Mar. 2023 Acadian Emerging Markets Small Capp 1 0.88% Equity Fund LLC Promoter and Promoter 48.69 44.4 Group 2 Aequitas Equity Scheme I 0.74% Institutional 3 Pankaj Poddar 0.58% Non Institutional 4 Shivani Tejas Trivedi 0.58% Cosmo Films ESOP 2015 5.7 Trust 5 Vikas Mehra 0.56% Aequitas Investment Consultancy Historical Shareholding Pattern 6 0.53% Private Limited (in %) Mar-23 Dec-22 Sept-22 Jun-22 Emerging Markets Core Equity Portfolio 7 (The Portfolio) of DFA Investment 0.46% Promoter 44.40 44.28 44.24 44.09 Dimensions Group INC. (DFAIDG) 8 Anishya Obhrai Madan 0.34% Institutional 05.70 05.57 06.78 06.90 Non Institutional 48.69 48.84 47.68 47.88 9 Tapasya Obhrai Nair 0.33% Shares held by 01.21 01.31 01.30 01.12 10 Jhalar Vincom Private Limited 0.30% Employee Trust ESG and Sustainability Initiatives CareEdge “GOOD” ESG Rating Sustainable Manufacturing and Product Practices Product Practices Manufacturing Practices  Offering mono-material poly-olefin films for  Recycling of manufacturing waste for further film ease of recycling. Production (about 95%)  Designed heat resistant BOPP films replacing  5% reduction in carbon emission scope 1 BOPET; giving push to creation of mono-  2% reduction in carbon emission scope 2 material structures.  INR 10 cr initial investment to reduce environment  Partnered with some of the best global brands impact to offer structure rationalization.  Usage of solar power as a source of energy in  BOPP and CPP films offer better yield, hence plants enabling reduced consumption of plastics.  35% of water treated at Cosmo : Rain water  UV stabilized Synthetic Paper used to replace harvesting PVC in outdoor promotional applications for duration requirements up to one year.  Constant monitoring of parameters like noise, illumination, ventilation, air quality etc.  Offer a suitable substitute for aluminum foil in form of its Ultra-High Barrier Films.  Offer Oxo-Biodegradable Films. 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 POSH and Whistle Blower Policy X. Professional Management Board of Directors Mr. Ashok Jaipuria Mr. Pratip Chaudhuri 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. Rakesh Nangia 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. Alpana Parida Independent Director Mr. Arjun Singh 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. Kulbhushan Malik Business Head- Cosmo Films Over 24 years of experience in the areas of Business & Strategy Management, Sales and Financial management. Mr. Pankaj Poddar 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. Ambarish Sikarwar Mr. Neeraj Jain Business Head- Cosmo Films B2C Pets Business Group Chief Financial Officer 19 years of experience in consumer categories. Over 23 years of experience in finance, strategy and risk management with large Dr. Anil Vilas Gaikwad manufacturing and service Business Head- Cosmo Speciality Chemicals 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 • Zigly bagged the “Top 100 D2C Brands” of the year by the Retailer Magazine. • Cosmo Speciality Chemicals 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. Neeraj Jain Group Chief Financial Officer Email ID: neeraj.jain@cosmofirst.com; sachin.goel@cosmofirst.com Adfactors PR Pvt. Ltd. Aashvi Shah / Snighter Albuquerque Tel: +91 98210 43389/ +91 9819123804 Email: aashvi.shah@adfactorspr.com / snighter.a@adfactorspr.com