KUANTUM

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(cid:0)(cid:3) (cid:0)(cid:3) (cid:0)7(cid:0)(cid:11)(cid:0)9(cid:0)L(cid:0)Y(cid:0)H(cid:0)N(cid:0)(cid:3)(cid:0)U(cid:0)H(cid:0)K(cid:0)D(cid:0)Q(cid:0)(cid:12) (cid:0)(cid:3) (cid:0)W(cid:0)&(cid:0)\(cid:0)R(cid:0)P(cid:0)6(cid:0)H(cid:0)F(cid:0)U(cid:0)H(cid:0)D(cid:0)U(cid:0)S(cid:0)D(cid:0)Q(cid:0)\(cid:0)(cid:3) (cid:0)(cid:3) (cid:0)((cid:0)(cid:29)(cid:0)D(cid:0)(cid:18)(cid:0)D(cid:0)Q(cid:0)F(cid:0)O(cid:0)(cid:3) (cid:0)(cid:3) (cid:0)(cid:3) About Kuantum Papers • Kuantum Papers Ltd, a leading wood and agro based paper manufacturers started its commercialoperationsin1980inaneconomicallybackwardvillageofHoshiarpur,Punjab. Operational Revenue (INR Mn) & • They started their production with 30 TPD and are currently operating at 450 TPD. After EBITDA Margins (%) completion of their backward integration project in March’21, the total production capacity standsat450TPD. 13,096 35.00% 30.00% • Due to its location in the foothills of the Shivalik range, Kuantum Papers has been strategically utilizing agro residues like wheat straw, sarkanda and bagasse along with wood chips, veneer 7,447 8,304 25.00% 20.00% waste&bambootomakehighqualitypaper. 4,039 28.96% 15.00% • The company’s fully integrated manufacturing facility spread across 259 acres helps it gain 15.91% 14.33% 10.00% advantageintermsofbetteroperationalefficiencyandhigherproductoffering. 7.25% 5.00% 0.00% • Kuantum’s product offerings include maplitho, creamwove and value added specialty products FY20 FY21 FY22 FY23 like Thermal paper, bond paper, parchment paper, Azurelaid paper, catridge paper, coloured paper, ledger paper, stiffner paper, cupstock paper, carrybag paper and straw paper with a GSMrangeof42–200. Sales Volume (MT) • Its products are extensively used in the printing of books, notebooks, annual reports, directories, account books, envelopes, diaries, calendars, computer &office stationery, soap wrapping,cupsandstraws. 1,51,674 1,52,304 • The company manufactures its products on an order-based system from its 100+ dealer 1,25,267 networkspreadacrossIndia,manyofwhomhavebeenassociatedwithitsince3generations. 84,183 • The company has increased its export footprint in the last few years and is now exporting to 30+countries. • Its Marqueeclients includes Wal-Mart, McGraw Hill, Kokuyo(Mumbai), Thomson, Lotus, Global, NavneetPublications,OxfordUniversityPress,Macmillanamongstothers. FY20 FY21 FY22 FY23 • The company’s social farm forestry program includes wood plantations of around 5,540 acres anditenvisionstoreach1croresaplingsin5years. Investor Presentation 2 Board of Directors D.SSandhawalia-Director (Non-Independent) Sh. JageshKhaitan-Chairman • DrishinderSinghSandhawaliaprovidesguidanceanddirectiononrealworldbusinessand organizationalissuestothemanagement. • Drishinderhasover35yearsexperienceinconsultingandworkingwithbusinessesinthe • Sh.JageshKhaitanistheChairmanofKuantumPapersLtd.Hewas public and private sectors. He works with the leadership and management team. He is earlierthe ViceChairmanandMDofAmritBanaspatiCo.Ltd.and interestedinsolvingproblemsoforganizationalstabilityandchange,evaluationand remainedPresidentofIndianVanaspatiProducersAssociationIVPA. strategy.Hisexpertiseindevelopingandimplementinginformationtechnologyprojectshasenabledhimtobuilda • Hisentrepreneurialspiritandpassionhasbeenoneofmajordrivers reputationasathoughtleaderandinnovatorinareasofprojectandknowledgemanagement.Hisaimistorefresh forthecompany‘sgrowthbywayofestablishingawide marketing andrejuvenatemanagementandleadershippracticethroughthebreakingofsilos,thesharingoftransdisciplinary networkacrossIndia. ideas,andtheco-creationofnewinnovationsandinsights. • Hehasbeentherecipientoftheprestigiousaward‘UDYOGRATNA’ Shireen Sethi - Director(Independent) honoredbyPHDChamberofCommerce&Industrygivenbythethen • CurrentlytheCOOofNetwork1MediaPvt.Ltd.andhasovertwodecades ofexperienceasa ChiefMinisterofPunjab,intheyear2005,towardshisexcellentand journalist, manager and advisor to many national & global media corporations and has dedicatedcontributiontotheStateofPunjab. foundedmultiplesuccessfulbusinessesinthemedia,technology&educationsectors. • Shehasalsobeenworkingextensively withFICCIadvisingthetradebodyintheTechnology Commercialization Department and has been instrumental in multiple initiatives of the organization including The India Innovation Growth Programme (a JV between Lockheed Mr. Pavan Khaitan-Vice Chairman and Managing Director Martin&MinistryofScience&Tech),MillenniumAllianceandDRDO-ATAC.877 • PavanKhaitanisagraduateinCommercefromPunjabUniversityanda VivekBihani-Director(Independent) qualifiedCharteredAccountant.Hejoinedthecompanyin1997asthe • VivekisanEngineerfromBITS,PilaniandanMBAfromIIM,Bangalore.Hehastotalwork CEO and has been spearheading various initiatives that have experienceofaround27years.Heworkedwithaleadingventurecapitalfirmintheearly rationalizedthecost,enhancedquality,focusedonspecialtypaperand partofhiscareer,turnedanentrepreneurin1998andsince2009,issupportinghighquality ultimatelyoptimizingtheirresourcestotheirfullest.Also,hehasbeen entrepreneursaspartofhis2ndinningsinventurecapital. • Asaventurecapitalist,during1992–1998,heworkedwithTDICILimited(nowcalled‘ICICI recently appointed as Vice President of the Indian Pulp & Paper Ventures’),afirmthatpioneeredventurecapitalinIndiaandhasgrowntobecomeoneof TechnicalAssociation(IPPTA). thelargestandmostsuccessfulprivateequityfirmsinIndia. • Hehasbeeninstrumentalinundertakingprojectsincludingdebottleneckingandoverallupgradation of the paper mill. Under his aegis, the backward integration cum upgradation project has been successfullycompletedinMarch2021withacapitaloutlayofINR4,440million. BhavdeepSardana-Director(Independent) • Bhavdeep Sardana,aged45yearsisMaster’sinBusinessAdministrationfrom Durham • Brandingofpaperproductsinacommoditizedpaperbusinesshaspaidrichdividends,asaresultof University(UK)andBachelorsinScience(Hons.)inChemistrywithChemicalEngineering whichthecompanyhasgrownstrengthtostrength.Underhisleadership,Kuantumhasforayedinto fromNorthumbriaUniversity,NewcastleUponTyne(UK). Specialty paper products contributing to the product profile. He has focused on continuous de- • PresentlySr.VP&CEOatTheSukhjitStarch&ChemicalsLimitedandisresponsiblefor successfullyimplementingrepeatedexpansionsatvariousunits.HeleadsallB2Bsaleswith bottleneckingultimatelyleadingtohigherproductioninMTeveryyear. Paper,Food&PharmaMajors.HeactivelyengageswithStateGovts.andGovt.ofIndiaon policiesaffectingtheagro-processingindustryandeaseofdoingbusinessreforms. Investor Presentation 3 Key Management Team Mr. Roshan Garg – CFO : A qualified Chartered Mr.SushilKumarKhetan-CEOOperations:AseasonedChartered Accountant & Company Secretary by profession, he has Accountant,CompanySecretaryandadynamicprofessionalwith 30 + years of work experience in Corporate Finance and 3 decades of rich experience in the area of Paper Mill Accounts in the manufacturing sector. He has been Operations, Paper and Paperboard Projects. A strategic planner associated with the company since 2002 and has driven with proven ability to improve operations, impact business improvementin Corporate Governance andthe financial growth & maximize profits through achievement in cost accountabilitystructureaswell. reductions, productivity, efficiency and quality improvements, internalcontrolandfinancemanagement. Mr. Ashesh Kumar Mukherjee – CGO : A postgraduate in Mr. Sanjay Khosla – CMO : An MBA in Marketing, he has been business management with 30 years of experience of successful in creating total 28 years of experience in Sales and handling sales and distribution, business development, Marketing,exclusivelyinthePulp&Paperindustry.Hehasbeen strategic planning, and product marketing across various withKuantumsincethepast23yearsandhasbeensuccessfulin industries. He focuses on identifying key input metrics creatingaloyalnetworkof100+dealersaswellasademandpull and subsequently laying down processes that can help forourproductsinthemarket. theorganisationinachievingscaleandgrowth. Mr.ParvinderSinghTaunque-VicePresidentEngineering: Ms. Prachi Sharma – VP Corporate Strategy : A seasoned A passionate Technocrat with 29+ years of experience in CharteredAccountantwithstrongbusinessacumenandanalytical the field ofreliabilitymaintenance functions withafocus prowess,havingmorethan2decadesofexperienceinconsulting on implementing best maintenance practices and TPM and manufacturing industries. Her core area of expertise is philosophy. A seasoned Strategy Lead in the role of StrategicPlanning,SWOTAnalysis,FinanceManagementandNew Business Operations, System building, Inventory Business Development. She is a dynamic leader and has a strong management, Project management, vibration analysis & abilityofdrivingGrowthandChangeManagement. conditionmonitoringandplannedshuts. Investor Presentation 4 Geographical Presence & Sales Model Punjab 13% Delhi Jammu & Kashmir 1% Order based manufacturing: 32% Chandigarh 1% • The production is order based and Uttar Pradesh 10% manufacturing is undertaken after the Haryana 9% Bihar 4% company receives advance orders from dealers/distributors. Delhi 37% • The company does not operate on fixed SKUs. They service their dealers based Rajasthan 4% on customized order sizes, rather than fixed sizes offered by most of the Gujarat 3% competitors. Assam 4% Inventory: West Bengal 7% • Inventory of finished goods is low and Madhya Pradesh 1% Jharkhand 1% rarelyexceedsthreedays’production. Maharashtra 4% Collection Mechanism: Chhattisgarh 1% • Collection is done strictly within 5 days Telangana 1% ofdateofInvoice. Export accounts for 15 % of the total sales forFY23. Investor 5 Presentation Company History and Milestones 1980 1988 2000 2002 2005 2006 •Lignin Precipitation Plant installed in collaboration Debottlenecking done to National Energy with TanovisAG (formerly AgroPulp Mill upgraded to Established with a capacity PM 3 installed with a achieve 40% improved Conservation Award Granit Recherché SA), 150 TPD along with the of 30 TPD with PM 1&2. capacity of 100 TPD. efficiency on output. conferred by the Switzerland. Continuous Digestor. Vice President of India. •PM 1 & 2 capacity up- graded to 60 TPD. 2007 2008 2012 2013 2014 2015 •Composite Project with PM A new generation AgroPulp 4 -250 TPD, Chemical •The company was renamed •PCC Plant in collaboration Top Former (Gapcon-Italy) Mill along with ODL with a Restructuring of ABCL took Recovery plant -200 TPD KuantumPapers Limited. with Specialty Minerals Inc, and Size Press (Bellmer, capacity of 200 TPD installed. place, renamed Paper and Co-Generation Power •Secured FSC certification. USA was installed. Germany) installed on PM 4. Project KITE launched with Division as ABC Paper Ltd. Plant –10 MW undertaken. •Production crossed KPMG for operational •Listed on BSE. 100,000 MT. excellence. 2017 2018 2019 2021 2022 2023 •Backward Integration Project •Project KORE launched with completed in March’21. •Record breaking Production & •Record-breaking revenue of •Specialty Paper launched. Accenture for operational Sales: exceeded 125,000 MT. •Increased Agro& Wood INR 13,096 Mn and IS • o1 S 4 e Q 0 cu 0 M r 1 e S , d O a I n H S d S O A E 9 S M 0 1 S 0 8 1 0 , 01, • • S U A p P g S ra 4 d H a e A t x i N o ce n A l o l i e m f n P p c M l e e . m 3 e a n n t d e d 4 . •ECF Bl • ea Li c s h te in d g o c n o m NS m E i . ssioned P • u P l o p w 1 in 8 e g 0 r C T g a e P p n D a e c r r e i a t s y t p i t o e o n c 2 t c i 0 v a 0 e p l a T y c P . i D ty & •P • r A o c d h u i c e t v io e t n d o c t 4 h a 5 e p 0 a m c T i i P t le y D s in to c n re e a o s f e d • C S u u p a c n S c e t E o s B c s I f k T u D & ll A y S l t o a r f u a 2 n w 9 c h B % e a d se certifications. with state of the art headbox •Backward Integration Project increased to 38 MW. 1,50,000 TPA Paper as a replacement to from Bellmer, Germany. of INR 4,440 Million initiated. •Added a new Chemical single-use plastic Recovery Plant with a capacity of 500 TPD. . Investor Presentation 6 Marquee Clientele Investor Presentation 7 Key Strengths Cost savings through executed backward integration project Pan India presence with an extensive will lead to improved EBITDA margins in the range of 30 to network of 100+ dealers 32% Long standing relationship with dealers, many Improved infrastructure of paper machines in associated with the company for over 3 decades ordertobemorecosteffective Largest product Portfolio in the Paper Located near densely populated Northern Industry covering Maplitho, Creamwove, Region including NCR, a higher paper Copier and Specialty Paper consumptionmarket Strategic location in Punjab with abundant Successful in creating a branded availability of raw materials such as Wheat portfolio of products Straw, Sarkanda, KanaGrass &Bagasse, allows ustogetsteadysuppliesatstableprices Ability to command a price premium in the range of Raw Materials are perfect substitutes of each 5-7% over our competitors due to better quality of other, so we are not dependent on any single products and superior market orientation onethroughouttheyear Market based sales rather than government orders. Future source of wood raw material: Social farm Customers are delighted to deal with us rather than forestryprogrammewithavisiontoreach1crore our competitors due to regular and timely supplies clonalsaplingsin5years Investor Presentation 8 Manufacturing Process Chemical Recovery Plant Steam Co-gen Power Caustic Soda plant Recovery Effluent Treatment Agro Pulp Mill Wood Pulp Mill Plant Black Liquor Paper Manufacturing Raw Material Cutting Pulp Cooking & Washing Pulp Screening & PM1, PM2, PM3 Aggregation Bleaching & PM4 Warehousing & Distribution Paper Making (Sheeting & Cutting) Paper Making (Roll Forming) Investor Presentation 10 Current Manufacturing Facilities Pulping Facilities Paper Machines Chemical Recovery Plant Co-Gen Power Plant Segment •Turbines: Total 38 MW •Total Capacity: 700 Solids •Total Capacity: 380 TPD •Total capacity: 450 TPD ➢New : 20 MW & 8 MW TPD •Agrobased pulp: 200 TPD •Machine 1 - 30 TPD ➢Existing Turbines : 10 MW Capacity •Wood pulp: 180 TPD •Machine 2 - 35 TPD •New CRP : 500 Solids TPD •Boilers: Total 190 TPH •Existing CRP : 200 Solids TPD •Machine 3 - 115 TPD ➢New : 130 TPH •Machine 4 - 270 TPD ➢Existing : 60 TPH •Installed new Chemical •Installed two new turbines of Kuantumcombinesagropulp The different configurations of Recovery Plant of 500 TPD 20 MW and 8 MW from along with wood pulp and the four paper machines allow from Andritz for the treatment Siemens, thereby taking the imported pulp in order to Kuantum to manufacture a ofBlackLiquorproducedinthe totalcapacityto38MW produce better quality fibre wide variety of surface-sized, pulpingprocess •AnewBoilerof130TPHfrom Description forpaperproduction non surface-sized and value- •Caustic soda, which is a costly ISGEC has been installed addedspecialtyproducts chemical used in the pulping making the total capacity 190 process is recovered through TPH this plant leading to reduction •Power costs have come down in operational cost and thus substantially marginimprovement Investor Presentation 11 Pulping Facilities Total Capacity: 380 TPD Agro Pulp Wood Pulp 200 TPD 180 TPD • The company has eliminated its dependency on Imported Hardwood Pulp as it has become self-reliant in wood raw material, thereby reducingthecostofproduction. • There is also a conscious effort to replace imported softwood pulp withIn-housewoodpulp. • Theincreasedpulpingcapacity hasledtohigherproductionofpaper. Investor Presentation 12 Paper Machines Total capacity: 450 TPD PM 1 - 30 TPD PM 2 - 35 TPD PM 3 - 115 TPD PM 4 - 270 TPD • Increaseinpaperproductioncapacityto450TPD. • The increased production has been totally absorbed by the demand pull from the market and company is operating at 100% capacity utilization. • Improvement in the quality of the paper produced along with better efficiency. • The different configurations of the four paper machines allow Kuantum to manufacture a wide variety of surface-sized, non surface-sizedandvalue-addedspecialtyproducts. Investor Presentation 13 Chemical Recovery Island Total Capacity: 700 TPD of Black Liquor Solids: New CRP : Existing CRP : 500 Solids TPD 200 Solids TPD • A chemical recovery plant of 500 TPD supplied by Andritz is a HERB recovery boiler with SRS technology has been installed to process causticfromBlackLiquor. The Chemical Recovery Plant has three major components: Recovery Recausticizing Evaporator Boiler Plant • Theplanthassignificantlyincreasedthesteam-to-solidratio,which inturnimprovestheefficiencyoftheoverallplantoperations. • The treatment of black liquor helps in regenerating Caustic soda up to95%+intherecoveryprocess Note:Causticsodaisanexpensivechemicalusedinthepulpmakingprocess Investor Presentation 14 Co-Gen Power Plant Total Capacity : 38 MW Turbines : Boilers : Total 190 TPH • New : 20 MW & 8 MW • New : 130 TPH • Existing Turbines: 10 MW • Existing : 60 TPH • The need of the hour is to be self-sufficient in power requirement in order tosustainoperationsonalong-termbasis. • Kuantum has a captive Co-generation Power Plant in which they have added: o AhighpressureCFBCBoilersuppliedbyISGEC. o Two highly efficient back pressure turbines of 20 MW and 8 MW, suppliedbySIEMENS. • TheCo-GenPowerPlantallowsthecompanytodecreaseitsdependencyon the State power Grid, enabling it to maintain seamless operations at all timesalongwithreductioninpowercost. Investor Presentation 15 Effluent Treatment Plant The company has up-graded existing Effluent Treatment Plant with an objective of sustained parameters of treated effluent as well as to be ‘futureready’tomeetallEnvironmentalnorms. Effluent Treatment Low COD High COD facility had Street-1 Street-2 is with been is with Aerobic Anaerobic divided into treatment. treatment. two streams The treated effluent is used to irrigate almost 3,300 acres of fields in the surrounding villages , through a network of pipelines laid by the Companyatitsexpense. Investor Presentation 16 Raw Material Sourcing Kuantum has an integrated Pulping facility with separate Agro Pulping and Wood Pulping streets having a total capacity of 380 MT of pulp per dayforpapermanufacturing. Raw Material Mix as of FY23 Kuantum uses the following agro residues in its Agro Pulping Street (200TPD): Imported Agro % Content inAgro Pulp Wood1% Wheat Straw 90% Bagasse & Sarkanda 10% Locally procured WoodforWoodPulpingStreet(180TPD)issourcedasfollows: Wood50% Agro Residues 49% Wood % Content inWood Pulp Wood Chips& Wood logs 90% Bamboo 10% Kuantum mainly uses Agro Pulp in Paper Production which is environment friendly. Even wood raw material is procured mostly as woodchips,whichisawasteproductoftheplywoodindustry. Investor Presentation 17 Technical Collaboration with Tanovis AG Thecompanyhasa collaborationwithTanovisAG (formerlyGranit RecherchéDevelopmentSA) For the Lignin Precipitation Plant. Tanovis AG, is a Swiss company with global operations. It is in the business of providing process technologies & innovative productsonlignocellulosicbiomass. Tanovis AG is today known to produce high-purity lignin based renewable products, encompassing industrial, health & nutritionfields. Set up first-of-its-kind in the world – A Full Scale Lignin Precipitation System,toseparatethenon-biodegradablelignin fromtheblackliquor. Investor Presentation 18 Technical Collaboration with Specialty Minerals, USA The company has a Collaboration with Specialty Minerals Inc. We have a first-of–its-kind backward integrated PCC (Precipitated CalciumCarbonate)PlantinanAgrobasedoperationsintheworld,set upincollaborationwithSpecialtyMineralsInc. Specialty Minerals Inc., USA is a multi-national company operating plants in over 20 countries, producing high performance minerals for use in various product manufacturing processes. Today, Specialty Minerals Inc is the world’s largest manufacturer of Precipitated CalciumCarbonates. Specialty Minerals Inc has invested approx. INR 254.53 Mn in setting upthisPCCplantatourpremises. Precipitated Calcium Carbonate manufactured is used as a filler duringproductionofpaper. Investor Presentation 19 Social Farm Forestry Program These initiatives also contribute to Social farm forestry programs are securing raw materials within a green sustainable initiatives specific radius hence reducing the undertakenbypapercompaniesin over all manufacturing costs and order to contribute to the small highlighting a dependency on and marginal farmers of barren, multiyearresourcevisibility. non fertile land, apart from providing a catalyst to deforestation. We aim to increase our footprint to almost 1 crore saplings per Kuantum launched the Social- annum in the coming years to Forestry Plantation Project and is ensure a sustainable source of producing quality clonal plants of woodmaterial. Eucalyptus and over the years has covered approximately 5,540 acresareaunderclonalplantation. Investor Presentation 20 Corporate Social Responsibility As part ofour mission to improve education, we donated computer technology to schools. We also educated farmers about sustainable agriculture and supplied ruralcommunitieswithenvironmentallyfriendlyenergysolutionslikesolarlightsandwaterstoragetanks.Alsowehavedonatedawashingmachinetoalocalcivil hospital,tosupporthealthcareworkerswhoareworkingtirelesslytokeepourcommunitysafe&healthy. Investor Presentation 21 Corporate Social Responsibility Installation of Tree Plantation Installation of Providing Fire Tender Financial Assistance we have donated Sewerage Treatment in Government Solar Lights in facility with staff in to Government washing machines to Plant at SailaKhurd, schools & surrounding case of Schools and local hospitals so the BharatpurJattan Panchayat villages. Emergency in hospitals in community can live and Raniala. Lands. surrounding Villages. surrounding villages. healthier lives Actively participating in Paving of Company run Organizing Blood Distribution of sewing Installation of RO Swachh Bharat roads High School. Donation machines systems with water Abhiyaan through and Camps & Free Medical to widows & Coolers for supply of construction of pathways. Check-up Camps. differently-abled drinking water free prefabricated toilet women in surrounding of charge in the facilities in surrounding villages. vicinity of the mill. villages. Investor Presentation 22 Writing and Printing Products AgroandWoodbasedpaperplantsmanufacturingpaperusingwheatstraw,sarkanda,bagasse,woodchipsandveneerwaste. Differenttypesofpaper:Creamwove,Maplitho,Copier,Ledger,Cartridge,Stiffner,Colour,ParchmentandBond. Category Brand GSM Range KUANTUM KRESTO 54-120 Maplitho KOSHEEN/ KOSHEEN AQUA 54-120 KOSMO MAPLITHO 58-140 KUANTUM GOLD 42-100 KAPPA PREMIUM 42-100 Creamwove ECO PAPER 48-70 KOPY + 49-70 Copier K-ONE/ KONQUER 65-80 Investor Presentation 23 Writing and Printing Products Category Brand GSM Range Krayo 49-130 Colour KosmoColor 60-130 KredaLedger 58-90 Ledger KodexaLedger 58-90 Thermal Paper KosmoThermic 42-64 Executive Bond KuantumBond 70-100 Color Copier Kaleela 72 Cartridge Kosmocartridge 60-130 Stiffner KosmoStiffner 68-180 KosmoParchmentNs 105 Parchment KosmoParchment Bf 68-130 EnvelopePaper KosmoEnveloper 70-110 WatermarkPaper RailwayBond 58-130 Carry Bag Paper KosmoCarry 80-110 Wedding Card Paper KosmoKard 90-170 Cupstock KuantumKupstock 135-200 Soap Wrapper KosmoAntifungal 90-130 Investor Presentation 24 Future Growth Strategy Debottlenecking and upgrading plant operations toincreaseproductioncapacityby~ 1 25%andfurtheroptimizecost 1 Leveraging Single use Plastic ban by 2 developing a portfolio of specialty 2 productsforasustainablefuture 3 Setting up Tissue machine to diversify 3 productportfolio Investor Presentation 25 Foray into New Specialty Products Straw base paper for drinking straws are biodegradable and commercially viable, Straw Base HORECA, thus offering a feasible and eco-friendly Paper FoodIndustry alternativetosingle-useplasticstraws. Food Grade Greaseproof paper is made under hygienic Paper – conditions which gives excellent FMCG/Food PackagingIndustry OGR/Biscuit grease/moisture resistance and oil hold Wrapping outproperties. Soft and Absorbent paper used to make Institutions, Tissue Paper napkins, toilet rolls, kitchen towels, facial HORECA, Offices tissues,MFolds,CFolds,HRT. &Homes Investor Presentation 26 Paper Industry • TheIndianpaperindustryaccountsforabout5%oftheworld’sproductionofpaper.Currently,theIndianpaperindustryisvaluedatINR80,000crore,anditis highlyfragmentedwithover800papercompaniesproducingabout16MillionTonofdomesticpapereveryyear. • Domestic demand of paper and packaging stood at ~17 million MT in FY22. Paper companies expanded their geographical presence outside India to increase theirsalespoweredbycapacityexpansionandimprovedqualityofpaper. • Intermsofshareintotalproduction,approximately21%arebasedonwood,71%onrecycledfibreand8%onagro-residues. • PaperconsumptioninIndiaislikelytowitness6%to7%annualgrowthandwillreach30MillionTonbyFY2026-27,largelydrivenbyemphasisoneducationand literacycoupledwithgrowthinorganizedretail. • 100%FDIisallowedintheIndianPulpandPaperIndustryundertheautomaticroute. • Inthelastfivetosevenyears,anamountofoverRs25,000crorehasbeeninvestedinnewefficientcapacitiesandinductionofcleanandgreentechnologies. • The industry size of single-use plastics is estimated to be INR 10,000 crore. This move by the government will benefit all Indian paper mills to flourish their business. • InIndia,only15%oftotalpaperandpaperboardproductionismadefromrecycledmaterials,comparedtoaglobalaverageof30%to85%.Asaresult,thereisa lotofpotentialforrecyclinginthepaperbusiness. • As per IPMA, in volume terms, paper exports from India have gone up four times from 0.66 million tonnes in FY17 to 2.85 million tonnes in FY22. Similarly in valueterms,thefiguresforcorrespondingyearsrosefromINR3,041croretoINR13,963crore. India is emerging as a key exporter of Rising Production Of Domestic Market Share % packaging materials in the global market Paper Industry (INR Mn) Packaging boards & (UDS Mn) 1,119 Newsprint container boards 844 853 864 10% 55% Specialty Paper 0.11 0.34 0.75 1.1 2.43 4.87 10.11 20 22 10% 1 1 1 1 1 1 1 2 5 5 6 7 8 9 0 1 2 2 -0 5 9 -0 6 9 -0 7 9 -0 8 9 -0 9 9 0 2 -0 0 2 -0 -1 1 0 -4 2 0 Writing & Printing Paper 2018-19 2019-20 2020-21 2021-22 1 1 1 1 1 0 0 1 0 2 2 25% Source : IPMA, IBEF, Preppnews, invest India Investor Presentation 2 2 28 Historical Income Statement Particulars(INR Mn) FY20 FY21 FY22 FY23 Operational Income 7,447 4,039 8,304 13,096 Total Expenses 6,262 3,746 7,114 9,304 EBITDA 1,185 293 1,190 3,792 EBITDA Margins (%) 15.91% 7.25% 14.33% 28.96% Other Income 88 100 38 36 Depreciation 317 348 462 454 Finance Cost 304 277 689 710 Exceptional Items - 86 - (634) PBT 652 (318) 77 2,030 Tax (66) (191) (57) 668 Profit After Tax 718 (127) 134 1,362 PAT Margins (%) 9.64% NA 1.61% 10.40% Other Comprehensive Income (1) 4 (2) (5) Total Comprehensive Income 717 (123) 132 1,357 Diluted EPS (INR) 8.23 (1.46) 1.54 15.60 Investor Presentation 30 Balance sheet Assets (INR Mn) FY21 FY22 FY23 Equity & Liabilities (INR Mn) FY21 FY22 FY23 Equity Non-Current Assets Equity share capital 87 87 87 Property, plant and equipment 14,263 14,006 14,068 Other equity 8,085 8,218 9,581 Capital work-in-progress 205 289 306 Total Equity 8,172 8,305 9,668 Investment property 78 76 75 Liabilities Other intangible assets 17 - - Non-Current Liabilities Financial liabilities Financial assets • Borrowings 6,137 6,448 3,678 • Other financial assets 81 86 39 • Other financial liabilities 169 181 228 Income tax assets (net) 3 3 16 Provisions 12 12 13 Other Non-current assets 7 148 259 Deferred tax liabilities (net) 84 13 1,172 Deferred income 50 55 49 Total Non-Current Assets 14,654 14,608 14,763 Total Non-Current Liabilities 6,452 6,709 5,140 Current Assets Current Liabilities Inventories 524 869 901 Financial Liabilities Financial assets • Borrowings 753 1,176 1,450 • Trade payables 448 357 258 • Trade receivable 331 606 287 • Other financial liabilities 275 143 198 • Cash and Cash equivalents 5 36 15 Other current liabilities 35 60 84 • Other bank balances 156 130 157 Provisions 3 2 3 • Others financial assets 49 27 16 Deferred income 4 5 3 Current tax liabilities (net) 1 5 91 Other current assets 424 485 756 Total Current Liabilities 1,519 1,748 2,087 Total Current Assets 1,489 2,153 2,132 Total Liabilities 7,971 8,456 7,227 Total Assets 16,143 16,761 16,895 Total Equity and Liabilities 16,143 16,761 16,895 Investor Presentation 31 Financial Highlights Operational Revenue (INR Mn) EBITDA (INR Mn) & EBITDA Margins PAT (INR Mn) & PAT Margins (%) (%) 13,096 3,792 35.00% 1,362 30.00% 7,447 8,304 28.96% 25.00% 718 10.40% 20.00% 4,039 1,185 15.00% 293 1,190 134 10.00% 9.64% 15.91% 7.25% 14.33% 5.00% (127) 1.61% 0.00% FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 (3.14)% Net Worth (INR Mn) Cash Conversion Cycle Net Debt to Equity 0.90 9,668 99 0.81 8,317 8,172 8,305 77 0.61 67 64 0.51 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 Investor Presentation 32 Capital Market Data Share Price Movement (Up to 31stMarch , 2023) 110% 60% 10% -40% Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Kuantum Sensex Price Data (31stMarch , 2023) INR Shareholding Pattern as on 31stMarch, 2023 Face Value 1.0 Market Price 121.45 Public, 52 Week H/L 179.7/ 63.2 29.57%, Market Cap (Mn) 10,598 Promoters FPI 70.30% Equity Shares Outstanding (Mn) 87.3 0.13% 1 Year Avg Trading Volume (‘000) 183.7 Investor Presentation 33 Disclaimer Norepresentationorwarranty,expressorimplied,ismadeasto,andnorelianceshouldbeplacedon,thefairness,accuracy,completenessorcorrectnessoftheinformationoropinions containedinthispresentation.Suchinformationandopinionsareinalleventsnotcurrentafterthedateofthispresentation.Certainstatementsmadeinthispresentationmaynotbe based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management Kuantum Papers Limited (“Company”or “KuantumPapersLtd.”),whichareexpressedingoodfaithandintheiropinionreasonable,includingthoserelatingtotheCompany’sgeneralbusinessplansandstrategy,its futurefinancialconditionandgrowthprospectsandfuturedevelopmentsinitsindustryanditscompetitiveandregulatoryenvironment. Forward-lookingstatementsinvolveknownandunknownrisks,uncertaintiesandotherfactors,whichmaycausetheactualresults,financialcondition,performanceorachievementsofthe Companyor industryresults todiffer materially fromthe results,financial condition,performance or achievements expressedor impliedbysuchforward-lookingstatements,including futurechangesordevelopmentsintheCompany’sbusiness,itscompetitiveenvironmentandpolitical,economic,legalandsocialconditions.Further,pastperformanceisnotnecessarily indicativeoffutureresults.Giventheserisks,uncertaintiesandotherfactors,viewersofthispresentationarecautionednottoplaceunduerelianceontheseforward-lookingstatements. TheCompanydisclaimsanyobligationtoupdatetheseforward-lookingstatementstoreflectfutureeventsordevelopments. Thispresentationisforgeneralinformationpurposesonly,withoutregardtoanyspecificobjectives,financialsituationsorinformationalneedsofanyparticularperson.Thispresentation doesnotconstituteanofferorinvitationtopurchaseorsubscribeforanysecuritiesinanyjurisdiction,includingtheUnitedStates.Nopartofitshouldformthebasisoforberelieduponin connectionwithanyinvestmentdecisionoranycontractorcommitmenttopurchaseorsubscribeforanysecurities.NoneofoursecuritiesmaybeofferedorsoldintheUnitedStates, withoutregistrationundertheU.S.SecuritiesActof1933,asamended,orpursuanttoanexemptionfromregistrationtherefrom. Thispresentationisconfidentialandmaynotbecopiedordisseminated,inwholeorinpart,andinanymanner. ValoremAdvisorsDisclaimer: ValoremAdvisorsisanIndependentInvestorRelationsManagementServicecompany.ThisPresentationhasbeenpreparedbyValoremAdvisorsbasedoninformationanddatawhichthe Companyconsidersreliable,butValoremAdvisorsandtheCompanymakesnorepresentationorwarranty,expressorimplied,whatsoever,andnorelianceshallbeplacedon,thetruth, accuracy,completeness,fairnessandreasonablenessofthecontentsofthisPresentation.ThisPresentationmaynotbeallinclusiveandmaynotcontainalloftheinformationthatyoumay consider material. Anyliability inrespect ofthe contents of,or any omission from,this Presentation isexpressly excluded.ValoremAdvisors alsohereby certifies that the directors or employeesofValoremAdvisorsdonotownanystockinpersonalorcompanycapacityoftheCompanyunderreview. Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903 9500 Email:kuantum@valoremadvisors.com Investor Presentation 34