INEOS Styrolution India Ltd.

IN E(M)S INEOS Styrolution India Ltd. 5th Floor, Ohm House-II, STYROLUTION Ohm Business Park, Subhanpura, Vadodara — 390 023 Gujarat, India www.ineosstyrolutionindia.com May 19, 2021 To, BSE Limited National Stock Exchange of India Limited Dept. DSC_CRD Exchange Plaza, Phiroze Jeejeebhoy Towers, Plot No. C/1, 'G' Block, Dalal Street Bandra- Kurla Complex, Mumbai 400 001 Bandra (`E') Mumbai 400 051 BSE Scrip Code: 506222 NSE Symbol: INEOSSTYRO Subject: Investor Presentation Dear Sir, In continuation to our letter dated May 14, 2021 informing about the earnings call organized by the Company on May 20, 2021, please find attached Investor Presentation relating to the Audited Financial Results for the fourth quarter and year ended on March 31, 2021. You are requested to kindly take the above information on your records. Thanking you. Yours faithfully, For INEOS Styrolution India Limited Abhijaat Sinha Head Legal and Company Secretary Head Office: Registered Office: INEOS Styrolution India Ltd. INEOS Styrolution India Ltd. CIN : L25200G11973PLC002436 CIN : L25200G11973PLC002436 5th Floor, Ohm House-II, Ohm Business Park, 5th Floor, Ohm House-II, Ohm Business Park, Subhanpura, Vadodara —390 023, Gujarat, India Subhanpura, Vadodara — 390 023, Gujarat, India Tele : +91 265-2303201/02 Tele : +91 265-2303201/02 Fax No: +91 265-2303203 Fax No: +91 265-2303203 (cid:143) (cid:144) (cid:140) (cid:145) (cid:146) (cid:147) (cid:148) (cid:149)(cid:150) (cid:149)(cid:151) (cid:152) (cid:153) (cid:154) (cid:155) (cid:156) (cid:157) (cid:158) (cid:154) (cid:159) (cid:160) ¡ (cid:160) ¢ (cid:154) £ ⁄ ¥ƒ(cid:144) § (cid:155) ¤ (cid:155) (cid:155) ' (cid:155) (cid:155) “ ⁄ (cid:144) (cid:137) (cid:143) (cid:144) « (cid:155) ƒ‹ (cid:140) (cid:154) (cid:136) ›(cid:136) › (cid:159) (cid:157) ƒ(cid:155) (cid:155) (cid:157) (cid:135) fi fl “ (cid:136) ¥ (cid:176) (cid:142) (cid:142) (cid:142) (cid:142) (cid:138) – (cid:159) † (cid:159) ‡ ƒ ¥(cid:156) (cid:160) (cid:144) · (cid:155) (cid:181) ¶ • ‚ „ „ „ (cid:146) Ł Ø Œ (cid:152) ¿ (cid:151) º ¯‰ (cid:236) (cid:152) (cid:237) (cid:151) … (cid:238) (cid:239) (cid:238) (cid:152) (cid:237) (cid:152) ‰ (cid:151) » (cid:151) (cid:149)… ‰ (cid:154) (cid:155) (cid:136) ƒ (cid:159) ¥ƒ (cid:140) (cid:240)˙ ‡ (cid:144) ˙ (cid:157) ¥˙ fi (cid:136) (cid:157) ¥(cid:144) ˙ (cid:157)(cid:144) (cid:144) fi ƒ ›(cid:155) (cid:157)(cid:157)(cid:155) ƒ · (cid:136) (cid:157)(cid:155) · (cid:135) (cid:136) (cid:137) “ (cid:137) (cid:157) ⁄ (cid:155) (cid:160) (cid:144) fl (cid:156) (cid:136) ˙ (cid:137) (cid:144) ˙ (cid:135) (cid:136) (cid:137) (cid:141) (cid:142) (cid:140) (cid:141) (cid:142) (cid:141) (cid:138) (cid:140) (cid:156) ›(cid:155) (cid:136) (cid:243) fi · ¥(cid:157)(cid:155) · (cid:244) ¥˙ (cid:136) ˙ ‡ ¥(cid:136) › ¢ (cid:155) ‹ fi ›(cid:157) ‹ æ(cid:144) ƒ (cid:157) ⁄ (cid:155) æ(cid:144) fi ƒ(cid:157) ⁄ (cid:247) (cid:144) fi (cid:136) ƒ(cid:155) ƒ(cid:155) ı fi (cid:155) ‹ (cid:157)(cid:155) · (cid:157)(cid:144) ł ¥˙ · ›(cid:137) (cid:157)(cid:136) ł (cid:155) (cid:157) ⁄ (cid:155) (cid:136) “ (cid:143) ⁄ (cid:136) ˙ ł ¥˙ ¨ (cid:137) (cid:144) fi (cid:158) (cid:247) (cid:144) fi ƒ‹ æ(cid:136) ¥(cid:157) ⁄ æ fi ››(cid:137) (cid:140) (cid:244) (cid:144) ƒ ¯” (cid:147) (cid:228) (cid:146) (cid:146) (cid:151) ø (cid:238) … (cid:190)Ł (cid:151) (cid:149)… ‰ ¯‰ (cid:153) (cid:149)» (cid:148) (cid:149)(cid:150) (cid:149)(cid:151) (cid:152) (cid:153) (cid:243) “ ⁄ ¥' (cid:136) (cid:136) (cid:157) (cid:159) ¥˙ ⁄ (cid:136) œ (cid:155) (cid:136) · ß (cid:155) ¨ (cid:136) › (cid:136) ˙ · (cid:160) (cid:144) fl (cid:156) (cid:136) ˙ (cid:137) (cid:159) (cid:155) ‡ ƒ(cid:155) (cid:157)(cid:136) ƒ(cid:137) 7 8 9 : ; <<=> 8 ? @A B ; C C DE FG HI D=G J @J : =9 K D: L M @A ? 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N O P O Q Q R ST U V W X N Y Q Q O Z W [ P \] ^ _‘ ‘ ab c ] d e ‘ f gh ijjb c ] d k f glm h gg X n ao b p f q ] n m r f an b s n t ‘ t n an u W U Q Q O W b R fvn an \b jm t ln w 8 H8 ? x y z { | } ~{ (cid:127) (cid:128) (cid:127) { (cid:128) z (cid:129) (cid:128) { (cid:130) 9 (cid:131) A G ? x y z { | } ~{ (cid:127) (cid:128) (cid:127) { (cid:128) (cid:127) 0 - ABHIJAAT Digitally signed by ABHIJAAT AKHILESH AKHILESH SINHA SINHA Date: 2021.05.19 16:03:16 +05'30' e INEOS STYROLUTION INDIA LIMITED INVESTOR PRESENTATION Q4 2020-21 (Jan-Mar) IP- IP a. 40 wri far it t arrscc Qe,-Ped,iu gaga" • i. r F g aw n. Wyrigigiwe E CA‘SS m e ..a STYROLUTION Driving Success. Together. Disclaimer This presentation has been prepared by INEOS Styrolution India Ltd. (the “Company”) solely for your information and may not be taken away, distributed, reproduced, or redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organization or firm) or published in whole or in part, for any purpose by recipients directly or indirectly to any other person. By accessing this presentation, you are agreeing to be bound by the trailing restrictions and tomaintain absolute confidentiality regarding the information disclosed in these materials. The Company mayalter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any persons of such change or changes. This presentation and its contents are should not be copied, published, reproducedordisseminatedin anymanner. This presentation may contain certain forward looking statements within the meaning of applicable securities law and regulations. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in such forward-looking statements as a result of various factors and assumptions which the Company believes to be reasonable in light of its operating experience in recent years. Many factors could cause the actual results, performances, or achievements of the Company to be materially different from any future results, performances, or achievements. Significant factors that could make a difference to the Company’s operations include domestic and international economic conditions, changes in government regulations, tax regime and other statutes. In addition, please note that the date of this presentation is mentioned at the beginning of the presentation, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The Company does not undertake to update any forward-looking statements thatmaybemadefromtimetotimebyor onbehalf oftheCompanyunless it is requiredbylaw. In no event shall the Company or its directors or management, be responsible to any person or entity for any loss or damage, whether direct, indirect, incidental, consequential or otherwise, arising out of access or use or dissemination of information contained in this presentation,including, butnotlimited to,lossofprofits. Continue… INE OS STYROLUTION Driving Success. Together. 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Readers must make their own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent investigation as they may consider necessary or appropriate for such purpose. Any opinions expressed in this presentation are subject to change without notice and past performance is not indicative of future results. By attending this presentation you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performanceoftheCompany’s business. This presentation is not for publication or distribution or release in any country where such distribution may lead to a breach of any law or regulatory requirement. 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Slide 3 Notes • SegmentInformation: Segment reporting in financial results: Based on the "management approach" as defined in Ind AS 108 - 'Operating Segments', the Chief Operating Decision Maker (CODM), as represented by Chairman, Managing Director and CFO, evaluates the Company's performance and allocates resources based on an analysis of various performance indicators by business segments. The accounting principles used in the preparation of these financial results are consistently applied to record revenue and expenditure in individual segment. INE OS STYROLUTION Driving Success. Together. Slide 4 Contents Executive summary Company information Financial review Outlook 2021 INE OS STYROLUTION Driving Success. Together. Slide 5 Executive Summary Jan-Mar 2021 • Profit / (Loss) before tax and exceptional item: Performance o Jan-Mar 21 : 2,165 mINR Summary o Oct-Dec 20 : 1,353 mINR o Jan-Mar 20 : 89 mINR • Business continued to grow in Q4 as COVID situation improved during quarter Market • High market prices and strong margins resulted in improved business performance Update • Most market segments have shown strong volume growth • INR was generally stable compared to USD during the quarter • The health and safety of all employees is our first priority – we have implemented strict measures in relation to social distancing, hygiene measures and work from home to minimize COVID risks to our employees Measures • Plants operated fully during the period as per Government rules • Liquidity situation is under control, Company has implemented policies to control capex & all discretionary fixed costs have been put on hold INE OS STYROLUTION Driving Success. Together. Slide 6 INEOS Styrolution at a glance 3,600 'ter 10 20 ". 6 R&D •••• 2 4sales II II EMPLOYEES I COUNTRIES PRODUCTION SITES CENTERS Ran in offices APPROX. 1,000 11 PATENTS GLOBAL founded In LEADER is Y ARS 2011 in styrenics of experience 141 C od in styrenics 4,000+ CUSTOMERS Cr i 0 1,500+ 611,C)10 PRO, TS El % 1 1 1* al 2 /001rAPPLICATIONS ACROSS SEVEN INDUSTRIES 4 BILLION EUROS IN REv tNut IN 2020 'Oa a a a 0 AUTOMOTIVE ELECTRONICS HOUSEHOLD CONSTRUCTION HEALTHCARE PACKAGING TOYS, SPORTS & LEISURE INE OS STYROLUTION Driving Success. Together Slide 7 Leading styrenics producer with global reach and proximity to customers Cologne ABS Standard: Polystyrene: ABS specialties Global No. 3; Global No. 1 Sarnia Antwerp Americas & EMEA No. 1 MP' SM SM, PS, ABS, SBC Schwarzheide Addyston Wingles Compounding INEOS ABS1 PS Ludwigshafen Specialties: LA BS, Specialties ABS/ ASA, SAN, AMSAN, Global No. 1 SMMA Ulsan ASA, PS, ABS, Compounding Yeosu Bayport SBC SM Map Ta Phut Styrene Monomer: Altamira 4 ABS, SAN Global No. 2 Nandesari PS, ABS/ ASA, SBC, Dahej ABS AMSAN Ningbo PS a.. Moxi PS Texas City SM Channahon Compounding Foshan PS Katol PS Decatur SAN PS, SMMA SM: styrene monomer PS: polystyrene ABS: acrylonitrile butadiene styrene (1) INEOS Styrolution acts as exclusive distributor for the INEOS ABS plant in Addyston, Ohio. Specialties: ABS/ ASA, ASA, SAN, AMSAN, SBC, SMMA INEOS Styrolution continuously strengthens its leading positions in key markets INE OS STYROLUTION Driving Success. Together. Slide 8 Shareholding pattern as at Mar 31, 2021 INEOS Styrolution APAC Pte Ltd., Singapore 75.00% Foreign institutions 0.48% Domestic institutions 4.66% I EPF * 0.30% Non institutions 19.56% * IEPF : Investor Education and Protection Fund [Government Organization] INEOS STYROLUTION Driving Success. Together. Slide 9 Financial review Quarter & Year Ended Mar 2021 results highlights (Unit : INR mn except EPS) % vs Oct-Dec % vs Jan-Mar Apr 20 - Mar Apr 19 - Mar Particulars Jan-Mar 21 Oct-Dec 20 Jan-Mar 20 % 20 20 21 20 Sales revenue 6,365 4,848 3,590 31% 77% 16,315 15,790 3% Other income 36 37 16 -2% 120% 131 68 92% Cost of goods sold 3,401 2,700 2,659 26% 28% 9,641 12,266 -21% Depreciation & amortization 92 92 94 0% -2% 360 316 14% Other expenses 745 742 765 0% -3% 2,684 3,032 -11% Profit / (loss) before exceptional Item & tax 2,165 1,353 89 60% 2335% 3,761 245 1438% Exeptional Item - - - - 380 Profit / (loss) before tax 2,165 1,353 89 60% 2335% 3,761 (135) 2886% Profit / (loss) after tax 1,614 1,030 45 57% 3525% 2,802 (95) 3043% Other comprehensive income 1 (5) (0) 120% 454% (7) (2) -241% Total comprehensive income 1,615 1,025 44 58% 3551% 2,795 (97) 2971% EPS (Rs.) 91.8 58.6 2.5 57% 3525% 159.3 (5.4) 3043% INE OS STYROLUTION Driving Success. Together. Slide 10 Segment revenue & results Quarter & Year Ended Mar 2021 results highlights (Unit : INR mn) Quarterly YTD % vs Oct- % vs Jan- Apr 20 - Mar Apr 19 - Mar % vs Apr 19 Particulars Jan-Mar 21 Oct-Dec 20 Jan-Mar 20 Dec 20 Mar 20 21 20 - Mar 20 1. Segment revenue (Revenue from operations) (a) Specialties 4,476 3,496 2,625 28% 71% 11,473 11,695 -2% (b) Polystyrene 1,889 1,353 965 40% 96% 4,842 4,095 18% Total 6,365 4,848 3,590 31% 77% 16,315 15,790 3% 2. Segment results (Segment profit before interest and tax) (a) Specialties 1,766 1,040 133 70% 1225% 2,9115 290 904% (b) Polystyrene 433 335 65 29% 569% 941 (183) 614% Total segment profit before interest and tax 2,199 1,375 198 60% 1010% 3,857 107 3490% (i) Interest expense (53) (33) (49) -63% -7% (146) (159) -8% (ii) Interest income 17 8 0 105% 9983% 44 18 146% (iii) Other unallocable expenditure (Net of income) 2 2 (60) -19% 104% 7 (101) 107% Profit before tax 2,165 1,353 89 60% 2335% 3,761 (135) 2886% INE OS STYROLUTION Driving Success. Together. Slide 11 Segment assets & liabilities Quarter & Year Ended Mar 2021 results highlights (Unit : INR mn) Quarterly YTD % vs Oct- % vs Jan- Apr 20 - Mar Apr 19 - Mar % vs Apr 19 Particulars Jan-Mar 21 Oct-Dec 20 Jan-Mar 20 Dec 20 Mar 20 21 20 - Mar 20 Segment assets (a) Specialties 8,428 8,004 8,129 5% 4% 8,428 8,129 4% (b) Polystyrene 2,252 1,852 2,182 22% 3% 2,252 2,182 3% (c) Unallocated 2,454 1,227 241 100% 918% 2,454 241 918% Total segment assets 13,134 11,082 10,552 19% 24% 13,134 10,552 24% Segment liabilities (a) Specialties 2,824 2,600 2,699 9% 5% 2,824 2,699 5% (b) Polystyrene 1,231 1,037 1,105 19% 11% 1,231 1,105 11% (c) Unallocated 191 173 656 10% -71% 191 656 -71% Total segment liabilites 4,246 3,810 4,459 11% -5% 4,246 4,459 -5% INE OS STYROLUTION Driving Success. Together. Slide 12 Outlook 2021 Assumptions for 2021 • With second wave of COVID, uncertainty remains on the duration and its impact on Indian economy in Q1 FY21-22. • We expect initiative by Government such as Production Linked Incentive schemes, Atmanirbhar Bharat initiative to help revival of economy. • Global economies and supply chains to recover driven by stimulus packages in major countries. • We expect theABS and Styrenics market to get long sometime this year. Target 2021 • Continue to strengthen our product position in focus segments and drive mix to maximize margins in line with INEOS Styrolution Triple Shift Strategy • Continue focus on safe operations and maximize utilization of in-house assets to improve ROCE INE OS STYROLUTION Driving Success. Together. Slide 13 THANK YOU I\ EOS Driving Success. Together. STYROLUTION