HLEGLAS

August 10, 2023 To, To, The Manager (CRD) The Manager - Listing Department BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot no. C/1, G Block, DalalStrect, Fort, Bandra-Kurla Complex, Bandra (East) Mumbai – 400 001 Mumbai - 400 051 Scrip Code: 522215 Symbol : HLEGLAS Sub: Revised - Disclosure of Material Event / Information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Corporate Presentation. Dear Sir/Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed a copy of the Revised Corporate Presentation for your records. The said presentation is also uploaded on the website of the Company www.hleglascoat.com. You are requested to take the same on the record. Thanking you. Yours faithfully For HLE Glascoat Limited ACHAL S. THAKKAR Company Secretary & Compliance Officer INVESTOR PRESENTATION HLE Glascoat Limited HLE Glascoat Limited Corporate Presentation Aug 2023 May 2023 Safe Harbor This presentation has been prepared by and is the sole responsibility of HLE Glascoat Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer or recommendation to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment thereof. In particular, this presentation is not intended to be a prospectus or offer document under the applicable laws of any jurisdiction, including India. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. There is no obligation to update, modify or amend this communication or to otherwise notify the recipient if the information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate. Certain statements contained in this presentation that are not statements of historical fact constitute “forward-looking statements.” You can generally identify forward-looking statements by terminology such as “aim”, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “objective”, “goal”, “plan”, “potential”, “project”, “pursue”, “shall”, “should”, “will”, “would”, or other words or phrases of similar import. These forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or other projections. Important factors that could cause actual results, performance or achievements to differ materially include, among others: (a) our ability to successfully implement our strategy, (b) our growth and expansion plans, (c) changes in regulatory norms applicable to the Company, (d) technological changes, (e) investment income, (f) cash flow projections, and (g) other risks. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes. 2 Financial Performance Key Operating Ratios and Financial Statements 3 HLE Glascoat Overview Leading Manufacturer of specialised Operating in a segment with a high barrier Well diversified revenue streams processing equipment critical for chemical to entry from multiple products and pharmaceutical industries Modern certified manufacturing facilities of Diversified order book with marquee international standards with unique product Experienced management team clientele and de-risk revenue sources engineering capabilities 4 Quarter at a Glance: Orders, Product Launch, and Geographic Expansion Strong Topline Growth Visibility for Thaletec, Germany Product Expansion: Product Expansion: Successfully Launched SS Reactors Thaletecproducts . Launched Pharma- order book of over 100 ready for launch in skid and Chem-skid Orderbook grows Reactors – Value of India systems over March 2023 20Cr+ Orders booked in Q1FY24 ₹ 91 Cr Geographical Expansion ₹ 290.78 Cr ₹ 551 Cr Successful venture into the US – orders worth >US$ 7.00 Mil Order Book New Orders Won (Grown to >US$ 9.5 Mil. as on July End) Orderbook of providing visibility of 5-6 months for Indian business and 10-11 months for European business. 5 Q1FY24 Financial Performance Highlights 4 2 0 2 ₹ 19,718.7 ₹ 2,386.4 ₹ 929.1 Lakhs Lakhs Lakhs Y F Revenue From Operations EBITDA PAT 1 Q -3.5% (Y-o-Y) Margin 12.1% Margin 4.7% Orderbook of Rs. 55,199.0 Lakhs Consolidated Net Worth 33,567.4 Lakhs as on 30th June, 2023 RoE in excess of 2.8% Note: Consolidated Financials 6 Q1FY24 Highlights Revenue from Operations EBITDA PAT 1,537.8 20,442.4 3,150.6 19,718.7 2,386.4 ) 929.1 s h k a l n i s R ( e c Q1FY23 Q1FY24 n Q1FY23 Q1FY24 Q1FY23 Q1FY24 a m r o f r e EBITDA Margins PAT Margins P y l r e t r a u Q 15.4% 7.5% 12.1% 4.7% Q1FY23 Q1FY24 Q1FY23 Q1FY24 7 Q1FY24- Revenue Breakup INDUSTRY-WISE REVENUE BREAK-UP PRODUCT-WISE REVENUE BREAK-UP Others ANF 7% 3% API & Pharma 28% Reactors 33% 30% ANFD 43% Speciality Chemicals 22% 13% 21% Agrochemicals & Pesticides Tanks Others Our customers are spread predominantly across the Well diversified revenue streams Chemical and Pharmaceutical Industries from multiple products Standalone numbers; Q1 FY2023-24 8 Profit & Loss: Q1 FY24 Rs. In Lakhs Particulars Q1 FY24 Q1 FY23 Y-o-Y Q4 FY23 Q-o-Q FY23 FY22 Y-o-Y Revenue from Contract with Customers 19,718.7 20,442.4 -3.5% 29,834.2 -33.9% 93,152.2 65,221.8 42.8% Other Income 68.3 350.1 294.2 805.2 775.7 Total Revenues 19,787.0 20,792.4 -4.8% 30,128.4 -34.3% 93,957.4 65,997.5 42.4% Cost of Materials Consumed 10,892.9 9,606.7 13,000.3 42,486.4 33,879.6 Changes in Inventories of Finished Goods and Work-in- -2,726.5 -245.3 1,449.1 776.1 -2,048.0 Progress Total Raw Material 8,166.4 9,361.4 14,449.4 43,262.4 31,831.6 Employee Benefits Expenses 4,202.7 3,582.1 4,385.9 14,755.7 6,727.0 Other Expenses 5,031.5 4,698.3 6,562.7 21,431.9 15,676.0 EBIDTA 2,386.4 3,150.6 -24.3% 4,730.4 -49.6% 14,507.3 11,762.9 23.3% EBIDTA % 12.1% 15.4% 15.9% 15.6% 18.0% Depreciation and Amortization Expense 596.4 583.1 579.1 2,269.9 1,122.6 EBIT 1,790.0 2,567.5 -30.3% 4,151.3 -56.9% 12,237.4 10,640.3 15.0% Finance Costs 477.6 385.7 895.3 2,304.6 1,297.6 Profit before Tax and Exceptional Items 1,312.4 2,181.8 -39.8% 3,256.0 -59.7% 9,932.8 9,342.7 6.3% Exceptional Items - - - - 911.4 Tax 383.3 644.0 977.2 2,952.2 2,607.9 Profit for the Year (PAT) 929.1 1,537.8 -39.6% 2,278.8 -59.2% 6,980.7 5,823.3 19.9% PAT % 4.7% 7.5% 7.6% 7.5% 8.9% Note: Thaletec financial numbers included in the consolidated financials of HLE Glascoat with effect from 17th December, 2021. On Consolidated Basis 9 Segmental Performance Segment Revenue Segment Result -EBIT Segment Assets & Liabilities r e +13% Assets h +20% t O 34,420.9 4,595.8 33,816.9 Liabilities d 31,410.6 4,377.8 4,442.9 30,750.5 nt an g e m 24,175.0 3,040.2 n iyp 19,926.5 riu D q ,nE o it 6,553.5 994.6 8,153.2 8,400.6 a r t l iF FY20 FY21 FY22 FY23 Q1 FY24 FY20 FY21 FY22 FY23 Q1 FY24 Jun-22 Jun-23 t n e m p 57,855.7 8,064.0 49,640.0 iu +62% q +56% 41,682.6 Assets E 6,021.2 d Liabilities e 33,002.6 n 4,193.3 iL 19,740.8 s 20,021.2 17,289.5 s a 15,249.7 13,086.8 1,893.3 l G 1,006.6 FY20 FY21 FY22 FY23 Q1 FY24 FY20 FY21 FY22 FY23 Q1 FY24 Jun-22 Jun-23 Note: Thaletec financial numbers included in the consolidated financials of HLE Glascoat with effect from 17th December, 2021. Rs. In Lakhs * On Consolidated Basis 10 Financial Performance - Consolidated Revenue from Operations (Rs. Lakhs) Order Book (Rs. Lakhs) EBITDA (Rs. Lakhs) & EBITDA Margin 93,152.2 55,199.0 19.6% 17.7% 17.8% 45,740.7 15.6% 40,265.1 65,221.8 12.1% 48,448.9 42,647.4 14,507 20,618.0 19,006.6 11,776 9,559 19,718.7 7,623 2,386 FY20 FY21 FY22 FY23 Q1 FY24 FY20 FY21 FY22 FY23 Q1 FY24 FY20 FY21 FY22 FY23 Q1 FY24 PAT (Rs. Lakhs) & PAT Margin Total Debt to Equity Ratio 1.08 10.9% 0.82 0.76 9.1% 8.9% 0.69 0.71 7.5% 6,981 5,337 5,823 3,920 FY20 FY21 FY23 Q1 FY24 FY20 FY21 FY22 FY23 Q1 FY24 Note: Thaletecfinancial numbers included in the consolidated financials of HLE Glascoat with effect from 17th December, 2021. 11 Working Capital Analysis Inventory Receivables Days Days 131 98 122 113 116 105 77 61 43 33 FY20 FY21 FY22 FY23 Q1 FY24 FY20 FY21 FY22 FY23 Q1 FY24 Payables Net Working Capital Days Days 118 140 109 105 108 89 72 74 46 38 FY20 FY21 FY22 FY23 Q1 FY24 FY20 FY21 FY22 FY23 Q1 FY24 12 Future Outlook Well-Positioned to Capture Future Inorganic Growth Opportunities 13 ACQUISITION OF CONTROLLING INTEREST IN KINAM ENGINEERING INDUSTRIES HLE Glascoat Limited 14 August 2023 Kinam Engineering Industries - Overview Cumulative for FY19 to FY22 Chemicals and pharmaceutical sectors account for 60 – 70% of Kinam Engineering Industries (Partnership Firm) isengaged in the businessof manufacturing heat revenues exchangers for the chemical and pharmaceutical industries. Kinam specializes in the Chemical 10% manufacturing of shell and tube and corrugated heat exchangers of up to 4,000m2. Kinam 7% Pharmaceutical believes in innovation and is presently working on multiple new products launches (spiral and 11% Fertilizers/ agrochemical plateheatexchangers) 57% OEM/EPC 15% Kinam was started by Mr. Kirit Mehta in 1981 to undertake general fabrication including vessels Others and heat exchangers. In 2001, his son Mr. Mehul Mehta joined the business, and they shifted focus and decided to specialize in the manufacture of different types of Heat Exchangers. Over The Firm is now increasing penetration in OEM/ EPC, fertilizers/ agrochemical and petrochemical sectors the years, Kinam made several developments in the area of Heat Exchangers, most notably the innovativecorrugatedtubeheatexchangers. Corrugated Tube Heat Exchangers Kinam specializes in handling exotic metals, has robust designing capabilities and is also a CTHE member of Heat Transfer Research Inc. With the capability to design and manufacture multiple K types of heat exchangers, Kinam is the only true one-stop-shop for heat exchange solutions in - -x STHE S Shell & Tube India today. Box Heat C o P Exchangers I KB Shel H l e & a T t ube E Heat Exchangers X Exchanger K-PEX Manufacturing unit in India with exports to several countries including Germany, Netherlands, Israel, Malaysia, Egypt, South America, Kazakhstan, Poland and Turkey Plate Heat Exchangers 15 Widest Product Range in the Industry Shell & Tube Heat Exchanger Corrugated Tube Heat Exchanger Spiral Heat Exchanger Box Heat Exchanger Brand & product • Similar to conventional tubular • I t n u t b e e g r te at c e h d n o w l i o th g y KICC corrugated Description • C tu o b n e s s is i t n s s o id f e a i t shell with a bundle of • h M e a a n t u e f x a c c h tu a r n e g d e b rs y indenting tubes • C c fl o o o n w m t a p c i h n ri a s in e n g s n t e o w l f s o c , i o c rc n o u e n l c a fo e r r n u e t n r a i i c t c s h s p fl ir u a id l • P co ri n m d a e r n y s a e n r d s a s r e e c r o e n p d l a a r c y e d by a in a spiral pattern single box-type unit • Heat transfer area: Up to 3,000 m2 • Heat transfer area: Up to 1,500 m2 • Heat transfer area: Up to 200 m2 • Heat transfer area: Up to 50 m2 Specifications • Weight: Up to 100 tons • Weight: Up to 100 tons • Weight: Up to 100 tons • Pressure: Up to 10 bar • Pressure: Up to 180 bar • Pressure: Up to 50 bar • Pressure: Up to 15 bar • Includes chemical, • Includes chemical, Key Target pharmaceutical, fertilizer, pharmaceutical, fertilizer, • Specifically designed for the • Chemical & pharmaceutical Markets petrochemical, paints, food flavors, petrochemical, paints, food flavors, pharmaceutical industry steel, paper & textile steel, paper & textile • 30% - 50% enhanced heat transfer • Self-cleaning • 30% - 40% more compact design • Capability to manufacture in • 20 - 30% lower capital investment • Higher heat transfer and recovery • Savings in piping cost Distinctive special alloys and materials • Compact and low maintenance rate • Fully drainable Benefits including Titanium, Hastelloy and • Reduced fouling & better • Suitable for high-vacuum • Higher condensation efficiency Cu-Ni- alloys condensation applications & highly viscous fluids • More easily cleanable • Even temperature distribution 16 Capabilities Specialists in Dedicated and Pioneer Supports Team led by State-of-the- heat experienced among Indian project professionals art software exchangers - engineering, players on specific and capability for knowledge design & multiple customised experienced designing, base proposal technologies solution specialists in planning and developed teams and solutions requirements the field execution over four for heat decades transfer 17 Manufacturing Facility • The Manufacturing Facility is situated at Ambernath (near Mumbai), with a total areaof1,10,000 sqfts, areaunder cranes~70,000 sqft. inaleasedpremises o It is well equipped with state-of-the-art equipment, a single EOT crane of 50T capacity o The Facility is capable to manufacture ~ 3000 units per annum in a single shift format and employs ~300 people (payroll + contractual). The Facility is equipped to work with different metals like stainless steel, carbon steel, titanium, nickel- basedalloys(Hastelloy,Inconel)andothermaterials Manufacturing Capabilities Accreditations Shell Diameter : 4000 mm ▪ ISO 9001-2015 Tube-sheet Thickness : 400 mm ▪ ISO 14001-2015 Overall Length : Up to 25 mtr. ▪ ISO 45001-2018 Design Pressure : 200 Kg/cm² ▪ IBR Max Equipment weight : 100 MT ▪ U-Stamp (Applied) Heat Transfer Area : 1m² to 4000m² 18 Firm’s relationships with Marquee Customers 19 Capitalizing on Opportunities One of the largest players in Only manufacturer that this space offers the full range of heat transfer solutions Adjacencies in the business Also caters to other than in terms of customer profile, chemical – Paint, manufacturing etc. Petrochem, Bulk Chemicals etc. Opens the doors to Oil and Current Infrastructure is Gas as well as Food and sufficient for up to 3X Beverage segments output 20 Synergies from Kinam Engineering The Products manufactured by Kinamare complementary to It would also lead to administrative efficiency and optimal utilization HLE Glascoat’sproduct lines, and there is likely to be very good of various resources being in a similar line of business and provide a synergy between the operations of the two entities. The common leadership vision for the consolidated global business, acquisition will enhance efficiencies and combine similar besides consolidation of the financials, economies of scale, and business interests for both entities, resulting in operational integration of processes, thus contributing to the overall growth synergies, streamlining and optimization of the business. prospects of both HLE Glascoatand Kinam. HLE Glascoatintends to provide its expertise and management capabilities to ensure the growth of Kinamprimarily through (a) Both entities can make use of each other’s marketing and post- increased focus on expanding territorial coverage, (b) improving sales network to promote and market complementary products. competitiveness, (c) Increase the customer network, and (d) greater penetration of the European and American markets. There is a good overlap of customers and vendors between the The combination of HLE Glascoatand Kinamwould also result in two entities and this can bring adjacencies and economies of overall value accretion to all the stakeholders. scale for both the entities. 21 Transaction Structure The Transactioniscomprisedof thefollowingphases: Resultant Structure* The Company will acquire 35.56% of profit share and ownership interest in the I e Firm, directly from its partners Mr. Kirit Mehta and Mr. Mehul Mehta, as well as Mehta Family* HLE Glascoat s a 0.5% of the equity shareholding of Kinam Enterprises Private Limited (KEPL). h P The Companywillaccordingly beadmittedasapartneroftheFirm. 100% 30% 35.56% Kinam Process Equipments Pvt Ltd I I e The Firm will be succeeded by a private limited company moving all its assets s a andliabilities(“NewCo”). h 34.44% P NewCo The balance 34.44% stake will be acquired by a scheme of arrangement HLE Glascoat will acquire 35.56% partnership share in the Target whereby KEPL, the holding company of one of the partners in the Firm will II Firm from the Partners/ Sellers for a consideration of Rs. 79.97 I e amalgamate into HLE Glascoat. Such amalgamation will be pursued in due s crores a course and will be separately considered and approved by the HLE Glascoat h P board, and then submitted to the Stock Exchanges and the National Company LawTribunalfor approval On completion of Phase III, the Sellers receive shares of HLE On the completion of the abovementioned phases, the Company will have Glascoat equivalent to Rs. 77.50 crores. acquired70% oftheinterestin theNewCo. *Subject to the approval of the Audit Committee, Board of Directors and other necessary approvals from time to time 22 Financials and Valuation Parameters FY 2020-21 FY 2021-21 FY 2022-23 Revenue 56.17 Cr 103.87 Cr 122.07 Cr Valuation Parameters based on FY23 Audited Financials EBIDTA 10.47 Cr 26.09 Cr 29.94 Cr EV/ EBITDA Multiple – 8.29 % EBIDTA % 18.64 % 25.12 % 24.03 % PBT Multiple – 9.05 % PBT 6.75 Cr 21.72 Cr 24.86 Cr 23 Thaletec GmbH :- Overview • Thaletec GmbH is a wholly owned subsidiary of HLE Glascoat Limited, acquired in December 2021 • A technology driven company specializing in designing and manufacturing Glass Lined Equipment for the chemical and pharmaceutical industries • Market leader in its segment in the highly demanding ‘DACH’ markets of Europe • A leading innovator in the industry with a range of product offerings that is unmatched by any competitor globally 25 Highlights- Thaletec GmbH 37,000 m2 Plant Area >50% Market Share Leading Innovator Largest Glass Lining Plant Market Leader in the most 17 Patents, Designs and in Europe demanding DACH markets Trademarks Centuries of Legacy Technology Driven Manufacturing since 1686, 10 new solutions in 2021 Glassing Steel since 1907 alone Robust Manufacturing Technical Glass Lining Unmatched Product Offering Manufacturing Vessels up to 6 application specific Glass Many one-of-a-kind products 100,000L Volume Linings offered & solutions offered Manufacturing Facilities THALETEC, GERMANY • Operates a 40,000 sq. m., manufacturing facility with more than 160 employees • ISO 9001 : 2015 and EN ISO 50001 : 2018 • Capabilities to manufacture equipment with dimensions of up to 100,000 liters volume • Unmatched product offering; offers multiple one-of-a-kind products & solutions • Facility is equipped to work with carbon steel, stainless steel, and nickel-based alloys (Hastelloy, Inconel) and other materials 27 Synergy and India Strategy • HLE Glascoat now proposes to use certain innovative manufacturing technologies of Thaletec Germany to improve and enhance its product offering in India. • The introduction of products incorporating the proprietary technology of Thaletec Germany will enable the Indian entity to: • offer a superior product to its customers • enhance its penetration in the Indian market further, and • These new products and innovation will be offered under the Thaletec brand driven by preponderance of technology and engineering. 28 Evolution of the Group Growth from Engineering Excellence 29 Background “ Late Dr. K. H Patel, obtained his Master’s Degree in Chemical Engineering from University of Southern California and PhD from Columbia University New York, returned home to contribute to a newly independent India. ” Over the years, the Group has expanded its horizon. The Group is a The foundation of Patel Group was laid by leading manufacturer of – late Dr. K. H. Patel • Glass Lined Equipment • Market leader in Filtration & Drying 30 Our Products: Application and Functioning Glass Lined Equipment Filtration & Drying Equipment 31 Diversified Product Portfolio Filtration Drying Custom Jobs Agitated Nutsche Filters Rotary Vacuum Paddle Dryers Tailor made equipment in a range of Agitated Nutsche Filter-Dryers Rapid Disc Dryers/Coolers MOCs fabricated up to 75mm thick, 60 Kilo-lab Filter-Dryers Spherical Dryers m3 capacity and over 100 bar pressure Pan Dryers Glass Lined Equipment Exotic Metal Fabrication GL Reactors Various Equipment in a range of exotic GL Tanks alloys and composite materials cladded GL Heat Exchangers with Hastelloy and Inconel. The GL Columns Company has the ability to handle exotic GL Pipes & Fittings metals GL Filters & Dryers 32 Our Journey: Key Milestones 1981 2017 2021 Operations Begin- HLE acquires Swiss Acquisition – HL Engineers Glasscoat Thaletec GmbH HLE begins operations, HLE expands into Glass HLE Glascoat acquires the manufactures machinery for Lined Equipment with the global business of leading Group chemical plants acquisition of Swiss Glascoat Glass lining company Equipments Ltd Thaletec GmbH 2004 2019 2023 HL Equipments & Consolidation of HLE Acquisition – R&D Centre & Glascoat Kinam Engineering Industries Engineering business starts Operations of HLE & Swiss operations at Silvassa and Glascoat are consolidated Heerasons R&D Centre HLE Glascoat acquires one of into HLE Glascoat Ltd via a established at Maroli the reputed manufacturers demerger scheme of multiple types of Heat Exchangers 33 Our Journey: Key Milestones Largest One of the Largest 30+ 25+ Player in India Players in India Years of Filtration Years of Glass and Drying “Preferred Supplier” Lining In Glass Lined Equipment Global Presence Leading Acquisition of Thaletec Manufacturer of ANFDs 600+ 2,000+ Filters p.a. GL Equipment p.a. 4,000+ 55% CAGR * Installations >50% In Revenue in 3 years# ~25% Market Share in India Market Share in India *Note: Data from 2010 Onwards; #for glass lined equipment segment from FY20-FY23 –consolidated financials 34 Manufacturing Facilities MAROLI WORKS ANAND WORKS • 15,000 m2 built-up area with nearly 13,000 m2 covered under 40 EOT • 20,000 m2floor area covered by 33 EOT cranes. cranes. • Five SCADA controlled electric and gas fired furnaces for glass • Machine shop including VMCs, CNC Turn-mill, CNC drilling, VTLs, lining. Amada Punching Press, and Rolling. • Four dedicated furnaces for glass lining of components. • Welding capabilities with pulsed arc welding systems and over 100 qualified welders. • Robotic welding set-up for critical pressure part weld joints. • Jigs, fixtures, welding manipulators and specialized tooling • Highly automated manufacturing process with CNC SPMs for accuracy & repeatability. • Productivity, throughput and budgetary controls through customized ERP solutions. • Productivity, throughput and quality control through customized ERP solutions. 35 Manufacturing Facilities THALETEC, GERMANY • Operates a 40,000 sq. m., manufacturing facility with more than 160 employees • ISO 9001 : 2015 and EN ISO 50001 : 2018 • Capabilities to manufacture equipment with dimensions of up to 100,000 liters volume • Unmatched product offering; offers multiple one-of-a-kind products & solutions • Facility is equipped to work with carbon steel, stainless steel, and nickel-based alloys (Hastelloy, Inconel) and other materials 36 Manufacturing Facilities SILVASSA WORKS • 8600 m2floor area covered by 18EOT cranes. • Well developed welding capabilities with pulsed arc welding systems and over 30 qualified welders. • Jigs, fixtures, welding manipulators and specialized tooling for fast and repeatable performance. • Machine shop including VMCs, CNC Turn-mill, CNC drilling and VTLs. • Fixtures and tooling geared towards low-cost, high volume manufacturing of Monoblock ANFDs. 37 Competitive Edge: Product Engineering Pilot Plant and R&D Facility Application Center Fully Equipped Design and Engineering Capabilities With • Pilot plant and R&D facility present at • Design & Engineering team of more than 35 Maroli engineers. • Filtration & Drying Equipment – ANFDs, RVPDs • Our pilot plant enables our customers to Distillation System • Operate a completely integrated 3D conduct thorough trials on out ANFDs and CAD/CAM platform for efficient product • Reactors and Autoclaves in a range of MOCs RVPDs. lifecycle management and error-free, first- Melt Crystallizer and Loop Reactor time-right designs. • Coupled with our Chemical Engineering • Utilities like Steam, Air, Vacuum and Chilling Capabilities, this facility also offers end-to- • Implemented design codes for quick • Analytical Lab with HPLC, GC and end process development and scale-up turnaround time and high degree of Spectrophotometry servicesfor awide rangeof chemicals. customizability. • Proficient in all global design codes and standards. “ Chemical Engineering Solution Providers and not just Equipment “ Pilot Plant Application Design Capabilities Manufacturers Center 38 Competitive Edge: Product Engineering Special Purpose Machines (SPMs) and Tooling • Optimized every step of the fabrication process with SPMs developed and built by our team of process engineers. • Our SPMs dramatically reduce the manhours required for a job and increase process repeatability. At the same time, they provide the flexibility that custom manufacturing demands. Unmatched Welding Capability • Facility has two importing robotic welding arms • Our two robotic welding stations greatly reduce manhours and provide impeccable and repeatable welding performance. • Our welding prowess is demonstrated by our team of over 200 qualified welders. Precision Machining Capability • We have widely adopted CNC machine tools that • Our edge in precision machining is derived from a mix of large sized conventional machine tools and latest CNC machines which dramatically reduce machining hours and greatly improve accuracy and repeatability. Productivity Management & Production Planning • Our team of IT engineers constantly develop and implement innovative solutions for production planning, scheduling and productivity management. • Highly customized software enables us to accurately control manhour costs for every job and enables the planning team to ensure on-time delivery of orders. 39 Robust Systems ASME Accreditation CE Compliance JIS Compliance Authorized to use Designing and manufacturing Designing and ASME ‘U’, ‘NB’ and ‘R’ in compliance with CE as per manufacturing in Stamps for pressure Pressure Equipment, ATEX, compliance with ‘JIS’. vessels. Machinery, Electromagnetic, Low Voltage and other Directives ISO 9001:2015 EAC Certification We are an ISO Certified for 9001:2015 certified manufacturing pressure Company vessels as per the Russian Directives. 40 Project Showcase: Glass Lined Equipment Tilting Multifunction ANFD 8KL Pharma RVPD USA India Reactor, Filter, Dryer and Crystallizer built into A cantilever RVPD, supplied with a quick one opening front cover. ASME U-Stamp Certified MOC: SS316L MOC: SS316L ANFD for Sterile Application Australia 30KL RVPD ANFD with isolator and SIP system for Sterile India application MOC: SS316L Supplied with dust filters that are appropriately sized according to the nature of the product handled. MOC: SS316L Telescopic RVPD 3.1m ANFD with Quick Opening India Bottom Rail mounted body of this RVPD can be moved USA to completely expose the shaft for easy cleaning. ANFD with the largest quick opening toothed MOC: SS316L bayonet clamp MOC: SS316L 41 Project Showcase: Glass Lined Equipment Delivered 50 and 65 KL Tanks 32 and 40KL GMP Reactors Products at India India Scale Glass lined vessels supplied in the Indian Glass lined GMP reactors manufactured market followed by a repeat orders, and sold in the country. taking the total to 8 installations. Large Project Orders 25KL High Pressure Reactor 327 nos. of equipment In a single order India (European MNC) High pressure glass lined reactor 25KL High Pressure Reactor designed at 13 bar pressure. Turkey High pressure reactor designed for 13 bar internal pressure Reactors 11KL Photochemical Reactor GMP reactors executed India (European MNC) up to 40KL in size 11KL reactor with white-glass and multiple nozzle openings for photo- chemical reactions. 14m2 Plate Type Condenser 1.6 m Dia Column India Storage Tanks India Multiple units of 65KL, Producer of distillation columns in India supplied 42 Project Showcase: Custom and Exotic Metal Equipment Continuous Pan Filter Oyster Filter Germany Germany 6m diameter pan for a continuous type filter 6m Diameter rotating type continuous filter, rotating within the tolerance of 3mm compliant with ASME, CE and JIS Standards MOC: Inconel MOC: SS316L High Pressure Separator Ring Disc Reactor USA India Skid mounted pressure vessels with a Design Reactor for Continuous Polymerization of Poly- Pressure of 170 bar, ASME U-stamp certified propylene MOC: SS304L Weight: 65MT MOC: SS316L Nickel Autoclave Roto-cone Filter Dryer India India Autoclave with 35 bar working pressure and a Filtration function built into a RotoconeVacuum unique disintegrator type agitator Dryer MOC: Nickel Cladded on CS MOC: SS316L 43 Geographical Presence Strong Domestic Sales Network and Global Footprint Europe Russia Sales Network Channel Partner USA Ahmedabad Sales Network Saudi Arabia Channel Partner Channel Partner Vadodara Thailand Anand Channel Partner Channel Partner Regd. Office Hyderabad Surat Singapore Sales Office Head Office Channel Partner Mumbai Vishakhapatnam Sales Office Aftersales & Service Chennai Bangalore Aftersales & Service Sales and Service Office Aftersales & Service Manufacturing Site Note: Maps not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness 44 Experienced Management Team Himanshu Patel He is a qualified Electrical Engineer graduating from the University of Bombay in the year 1976 and has more than 45 years of experience in the business of chemicals and engineering. Nilesh Patel He has completed his BSc (Chemistry) from the University of Bombay and has more than 37 years of experience in the business of chemicals and engineering Harsh Patel He is a qualified Chemical Engineer from the University of Mumbai and has completed his MBA from the State University of New Jersey in 2002. He has more than 23 years of experience in the business of chemicals and engineering. Aalap Patel He has completed his B.E. (Mechanical) from the University of Pune and MBA in Global Management from the Thunderbird School of Global Management. He has nearly 12 years of experience in the engineering industry. 45 Professional Management Team – India Director Sales and Chief Financial Officer Vice President Sales Vice President –Product Chief People Officer Marketing and People and Marketing Excellence Success Total Experience: 17 years Total Experience: 18 years Total Experience: 23 years Total Experience: 30 years Total Experience: 15 years B Com, CA ME Chemical, MBA PG -IT B.E Mechanical Masters in Human Resource Management Site Head Silvassa Vice President Operations - Head Leadership and Company Secretary Anand Organization Development Total Experience: 25 years Total Experience: 25 years Total Experience: 15 years Total Experience: 16 years Business Graduate B.E Mechanical Post Graduate Diploma in B Com. CS Business Management 46 Professional Management Team – Germany Managing Managing Head of Finance & Head of Head of Director Director Administration (CFO) Operations Sales & Service Associated with Thaletecfor Associated with Thaletecfor Associated with Thaletecfor Associated with Thaletecfor Associated with Thaletecfor 14 years 14 years 4 years 10 years 13 years 47 Thank You Company : Investor Relations Advisors : Mr. Naveen Kandpal Chief Financial Officer Orient Capital (a division of Link Group) investor.relations@hleglascoat.co Mr. Ronak Jain m +91 98209 50544 CIN: L26100GJ1991PLC016173 ronak.jain@linkintime.co.in Mr. Irfan Raeen +91 97737 78669 irfan.raeen@linkintime.co.in