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Investor Presentation | Q2FY27 Engineered for P E R F O R M A N C E Committed to S U S TA I N A B I L I T Y
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This presentation and the accompanying slides (the “Presen tation”), which have been prepared by Styrenix Performance Materials Limited (the “Company”), have been prepared solely for information purposes and do no t constitute any offer, recommendation or invitation to pur chase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commi tment whatsoever . No offering of securities of the Company will be made except by m eans of a statutory offering document containing detailed i nformation about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoe ver, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This P resentation may not be all inclusive and may not contain all o f the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expresslyexcluded. This presentation contains certain forward looking statements concerning the Company’s future business prospects an d business profitability, which are subject to a number of risks and uncertainties and the act ual results could materially differ from those in such forwa rd looking statements. The risks and uncertainties relating to these statements inclu de, but are not limited to, risks and uncertainties regardin g fluctuations in earnings, our ability to manage growth, competition (both domestic and in ternational), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts , our ability to manage our international operations, gover nment policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the Company. 2 Safe Harbour
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3 Table of Contents 01 01 Q2FY27 Performance Highlights Management commentary, quarterly & half-yearly financial performance 02 02 Company Overview At a glance, journey, vision & values, product portfolio, global footprint Pillars Behind Strong Foundation Products, manufacturing, capacity, R&D, clients, ESG & leadership 03 03 Historical Financial Highlights Consolidated & standalone financials, key ratios 04 04
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Q2FY27 continued to be marked by significant geopolitical uncertainty and disruptions across global supply chains. The availability and pricing of key raw materials and energy remained volatile, creating a challenging operating environment for the polymer industry. At Styrenix, our diversified sourcing strategy, strong sup plier relationships, long-standing relationship across value chain and agile operating capabilities have enabled us to navigate these challenges while maintaining our focus on continuityof supply to customers. Despite these external headwinds, underlying demand remained robust during the quarter, reflecting the resilience of our end markets. We remain focused on responding to customer requirements, managing input-cost volatility and maintaining operational discipline in a rapidly changing environment. Our Thailand business continues to face challenges arisingfrom significant capacity overhang in the region and the resulting competitive pressures. However, we are encouraged by the growing acceptance of the Styrenix brand across regional markets. We believe that continued market development, customer engagement and a sharper commercial focus will support a progressive improvement in capacity utilization, with theobjective of reaching targeted levels over the next two years. Looking ahead, we remain focused on strengthening our supply-chain resilience, improving the performance of our Thailand operations and executing our growth plans. The first phase of our ABS capacity augmentation in India remains on track for commissioning during the current financial year, positioning us to capitalize on the long-term growth opportunities in the Indian engineering polymers market. Mr. Rahul R. Agrawal Managing Director 5 Management Commentary
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Total Income (INR crores) EBITDA (INR crores) Sales V olume (in KT) PAT (INR crores) Q2 FY26 Q2 FY27 617.5 781.1 13.2% 13.2% 10.8% 10.8% Margin Margin 6.6% 6.6% 8.2% 8.2% 81.8 84.5 Q2 FY26 Q2 FY27 50.8 51.2 Q2 FY26 Q2 FY27 45.2 43.4 Q2 FY26 Q2 FY27 6 Q2 & H1 FY27 Performance Highlights - Standalone Total Income (INR crores) EBITDA (INR crores) Sales V olume (in KT) PAT (INR crores) 1,340.4 1,551.5 H1 FY26 H1 FY27 12.5% 12.5% 18.4% 18.4% Margin Margin 12.2% 12.2% 7.9% 7.9% 167.9 285.9 H1 FY26 H1 FY27 105.7 188.5 H1 FY26 H1 FY27 97.7 82.4 H1 FY26 H1 FY27
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Total Income (INR crores) EBITDA (INR crores) Sales V olume (in KT) PAT (INR crores) Q2 FY26 Q2 FY27 801.9 997.3 11.0% 11.0% 7.6% 7.6% Margin Margin 2.3% 2.3% 5.6% 5.6% 88.4 75.6 Q2 FY26 Q2 FY27 44.7 23.2 Q2 FY26 Q2 FY27 57.5 55.1 Q2 FY26 Q2 FY27 7 Q2 & H1 FY27 Performance Highlights - Consolidated Total Income (INR crores) EBITDA (INR crores) Sales V olume (in KT) PAT (INR crores) 1,748.7 2,009.8 H1 FY26 H1 FY27 10.8% 10.8% 14.9% 14.9% Margin Margin 8.0% 8.0% 5.5% 5.5% 188.3 299.2 H1 FY26 H1 FY27 96.7 161.5 H1 FY26 H1 FY27 124.7 105.9 H1 FY26 H1 FY27
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8 Profit & Loss Statement - Standalone YoY H1 FY26 H1 FY27 YoY Q2 FY26 Q2 FY27 Particulars (Rs in Crores) 15.8% 1,336.3 1,547.7 26.7% 615.2 779.7 Revenue from Operations 4.1 3.8 2.3 1.4 Other Income 1,340.4 1,551.5 617.5 781.1 Total Income 1,006.8 1,096.3 455.6 613.6 Cost of Goods Sold 38.0 42.5 19.1 22.1 Employee Cost 127.7 126.9 61.0 60.9 Other Expenses 70.3% 167.9 285.9 3.3% 81.8 84.5 EBITDA 12.5% 18.4% 13.2% 10.8% EBITDA Margin (%) 3.2 3.5 1.7 2.1 Finance Cost 164.7 282.4 80.0 82.4 EBDT 22.5 26.8 11.6 13.4 Depreciation 142.2 255.7 68.4 69.0 Profit before tax 36.6 67.1 17.6 17.8 Tax 78.4% 105.7 188.5 0.8% 50.8 51.2 Profit After tax 7.9% 12.2% 8.2% 6.6% Profit After Tax Margin (%) 60.08 107.20 28.88 29.11 EPS (Rs.)
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9 Profit & Loss Statement - Consolidated YoY % H1 FY26 H1 FY27 YoY % Q2 FY26 Q2 FY27 Particulars (Rs in Crores) 15.0% 1,742.4 2,004.4 24.4% 798.9 993.5 Revenue from Operations 6.3 5.5 3.0 3.8 Other Income 1,748.7 2,009.8 801.9 997.3 Total Income 1,258.4 1,413.0 570.8 775.0 Cost of Goods Sold 73.4 79.0 35.7 40.1 Employee Cost 228.6 218.6 106.9 106.6 Other Expenses 58.9% 188.3 299.2 -14.5% 88.4 75.6 EBITDA 10.8% 14.9% 11.0% 7.6% EBITDA Margin (%) 10.0 9.3 5.4 4.9 Finance Cost 178.3 289.9 83.0 70.7 EBDT 50.9 60.9 26.2 30.4 Depreciation 127.4 229.0 56.9 40.4 Profit before tax 30.8 67.5 12.2 17.2 Tax 67.0% 96.7 161.5 -48.2% 44.7 23.2 Profit After tax 5.5% 8.0% 5.6% 2.3% Profit After Tax Margin (%) 54.97 91.81 25.43 13.17 EPS (Rs.)
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Consolidated Balance Sheet Mar-26 Sep-26 Assets (INR Crores) 1,154.9 1,181.2 Total Non Current Assets 11.9 11.6 Intangible Asset 714.2 671.7 Property, Plant and Equipment 236.1 224.6 Right-to-use Assets 105.0 184.6 Capital work-in-progress Financial Assets 9.7 9.9 (i) Investments 0.0 0.0 (ii) Loans 3.8 4.2 (iii) Other financial assets 25.2 27.3 Deferred tax assets (net) 24.8 24.7 Non-current tax assets (net) 24.2 22.4 Other non-current assets 1,327.6 1,372.8 Total Current Assets 664.5 757.7 Inventories Financial Assets 428.8 478.1 (i) Trade receivables 87.6 24.8 (ii) Current Investments 70.1 53.2 (iii) Cash and cash equivalents 3.3 3.0 (iv) Bank balances other than above 0.1 0.1 (v) Loans 6.9 0.6 (vi) Other financial assets 66.2 54.9 Other current assets 0.1 0.3 Assets classified as held for sale 2,482.5 2,554.0 Total Assets Mar-26 Sep-26 Equity & Liabilities (INR Crores) 1,366.3 1,486.9 Total Equity 17.6 17.6 Equity Share capital 1,348.7 1,469.3 Other Equity 535.5 499.4 Total Non Current Liabilities Financial liabilities 222.3 195.9 (i) Borrowings 212.2 198.1 (ii) Lease Liabilities 101.0 105.4 Provisions 0.0 0.0 Deferred tax liabilities (Net) 580.8 567.7 Total Current Liabilities Financial liabilities 86.7 41.8 (i) Borrowings 26.9 30.3 (ii) Lease Liabilities 421.1 417.6 (iii) Trade Payables 27.0 29.5 (iv) Other financial liabilities 10.7 11.4 Contract Liabilities 5.7 5.2 Provisions 0.0 28.1 Current Tax Liability 2.6 3.8 Other current liabilities 2,482.6 2,554.0 Total Equity and Liabilities 10
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12 Styrenix – At a Glance India's Leading Engineering Polymer Manufacturer Leader in Acrylonitrile Butadiene Styrene (ABS) and Styrene Acrylonitrile (SAN) | Wide grades across the portfolio backed by in-hous e technology Polymers Portfolio & Our Brands Preferred global supplier of high- performance polymer materials Committed to highest quality & performance standards Offering customized & innovative solutions 5 State-of-the-Art ISO certified production units 1 R&D Laboratory with unique product innovation capabilities 15+ Sales Offices across geographies 500+ Customers across various industries 50+ Years of experience In the Styrenic Solutions Industry Settingbenchmarks in ABS andSAN,witha strongpresence and expandingin polystyrene, ASA and specialtyblends ABS ABS ABSOLAC® SAN SAN ABSOLAN® ASA ASA ASALAC® Blends Blends STYROLOY® Polystyrene Polystyrene STYRENIX® PS
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13 Our Journey Strategic Expansion Strategic Expansion 2013 PS business acquired from BASF – capacity 66 KTPA 2014 Commissioned another new SAN line in Katol – capacity increased to 100 KTPA 2019-20 Moxi capacity increased to 100 KTPA y Accelerating Growth Accelerating Growth 2022 Shiva Group led by Mr. Rakesh Agrawal acquires majority equity stake 2023 Debottlenecking & brownfield expansion announced 2024 De-bottlenecking: PS increased to 100 KTPA & Rubber to 27 KTPA 2025 Acquisition of INEOS Styrolution, Thailand 2026 ABS Phase I expansion (50 KTPA) under implementation Brand Legacy – Five decades of styrenics leadership 1973 1973 ABS Plastics Ltd 1992 1992 ABS Industries Ltd 1997 1997 Bayer ABS Ltd 2005 2005 LANXESS ABS Ltd 2008 2008 INEOS ABS (India) Ltd 2012 2012 INEOS + BASF 2016 2016 INEOS Styrolution (India) Ltd 2023 2023 Styrenix Performance Materials Ltd, India 2025 2025 Styrenix Performance Materials Ltd, Thailand Foundation & Build-up Foundation & Build-up 1973 Mr. Rakesh Agrawal incorporated ABS Plastics Ltd. and led it till 2012 1992 ABS capacity increased to 10 KTPA 1993 Commissioned new SAN plant in Katol – capacity 5 KTPA 1995-96 ABS capacity to 20 KTPA, SAN to 10 KTPA; R&D facility established in Moxi 2000-03 ABS capacity increased to 39 KTPA & SAN to 40 KTPA 2005-12 ABS capacity increased to 80 KTPA & SAN to 60 KTPA
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14 Vision & Mission Our vision is with the ambition to become the of to Styrenix Performance is dedicated to enabling customer success by Our name reflects our core philosophy combining with Through a strong understanding of customer requirements, we deliver cost-effective products that enhance quality of life by
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Nandesari, Gujarat Katol, Gujarat Moxi, Gujarat Delhi Mumbai Pune Bangalore Chennai Dahej, Gujarat Vadodara (HO) Rayong Bangkok Jakarta Hanoi Shanghai Tokyo Seoul Head Office Vadodara, Gujarat Manufacturing Sites Nandesari · Katol · Moxi · Dahej (Gujarat), Map Ta Phut, Rayong (Thailand) Domestic Sales Offices Delhi · Mumbai · Pune · Bengaluru · Chennai International Presence Bangkok · Shanghai · Dubai · Hanoi · Jakarta · Tokyo · Seoul · Frankfurt 15 Global Footprint – Manufacturing & Sales Network Head office Manufacturing Sales Office Dubai Frankfurt
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17 Pillars Behind Strong Foundation 01 Prominent Manufacturer of ABS, SAN and Polystyrene 02 Blends & Specialty Polymers 03 Designed for Demanding Applications 04 Five State-of-the-Art Manufacturing Facilities 05 Capacity Built to Scale 06 Technology & Market Augmentation via Thailand Acquisition 07 R&D Strength 08 Deep Rooted Customer Relationships Across Industries 09 Consistent Performance over the Years 10 Best Practices Behind Proven Credentials 11 Experienced Board Members Driving sustainable and profitable long-term growth
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1. Prominent Manufacturer of ABS, SAN & Polystyrene 18 ABSOLAC® (ABS) ABSOLAC® (ABS) Specialty ABS for high aesthetics and performance Key Applications › Automotive interior & exterior › 2W, helmet body painted parts › Household appliance housings › Electricals & electronics gadget parts › Stationery, toys & miscellaneous parts › Easy processing, superior surface finish, excellent paintability › High impact strength, heat & chemical resistance › Electroplating-ready with strong adhesion › Wide grade range: injection, extrusion, blow molding Specification ABSOLAN® (SAN) ABSOLAN® (SAN) Transparent & stiff styrenics polymer Specification › Excellent transparency with high stiffness › Good chemical resistance and dimensional stability › Proven mechanical performance › Highlight: SAN-GF grades widely used in AC fan applications across OEMs Key Applications › Stationery & novelty items › Household appliance transparent parts › Cosmetic jars › AC ODU Fan & IDU Cross Flow Fan
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19 1. Prominent Manufacturer of ABS, SAN & Polystyrene Transparent general purpose polystyrene Specification › Excellent clarity, mouldability and easy processing › Suitable for injection moulding and extrusion › Broad applicability across consumer & industrial segments Key Applications › Food packaging › Healthcare & labware › Refrigerator components › Extruded Sheet › Jewelry Beads STYRENIX® PS (GPPS) Impact-modified polystyrene for durability Specification › Enhanced toughness for single-use and durable applications › Consistent performance in technically demanding uses › Available in pre-coloured grades Key Applications › Electronic goods housings › Refrigerator liners › Household goods & toys › Food packaging STYRENIX® PS (HIPS)
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20 2. Blends & Specialty Polymers Weather-resistant styrenic polymer Specification › Superior UV stability and long-term colour retention › High surface quality with good impact strength › Excellent chemical resistance Key Applications › Automotive exterior & interior › PVC cap stock › Roofing sheets › Gardening equipment ASALAC® (ASA) Advanced polymer blends – high-performance styrenics Specification › Blends of ABS / ASA / HIPS with PC, PMMA, Nylon, PPO › High impact strength, superior flow, premium aesthetics › Excellent UV, heat & chemical resistance › Enables thin-wall, complex, durable design s Key Applications › Automotive › Electronics › Household products STYROLOY® STYROLOY®
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21 3. Designed for Demanding Applications High-performance solutions offer a comprehensive range of properties that deliver reliability, compliance and excellence across industries and applications Engineered for Performance Designed for Versatility
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22 4. Five State-of-the-Art Manufacturing Facilities Unit IV - Dahej Unit IV - Dahej Acquired 2014 Products Polystyrene Capacity 100 KT Unit II - Katol Unit II - Katol Set up 1993 Products SAN Capacity 100 KT Unit III - Moxi Unit III - Moxi Set up 1995 Products ABS & Others Capacity 100 KT Unit I - Nandesari Unit I - Nandesari Set up 1978 Products Rubber Capacity 27 KT Unit V - Map Ta Phut, Thailand Unit V - Map Ta Phut, Thailand Acquired 2025 Products ABS | SAN | HRG Rubber Capacity 85 KT | 100 KT | 31 KT Competitive Edge Optimal plant locations supporting supply chain operations Backward integrated manufacturing Overseas plant enhancing global access
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23 5. Capacity Built to Scale India Sales Volume Trend (KT) India Manufacturing Capacity (KT) ABS ABS 100 Commercially sold as finished product SAN SAN 100 Mostly in-house for downstream applications PS PS 100 Commercially sold as finished product Rubber Rubber 27 In-house for downstream applications Unlocking Growth Potential • Established and diversified manufacturing capacity providing a strong foundation to support current volumes and future growth • Existing facilities designed for scalability, enabling efficient capacity additions with high operating leverage • Focused execution of announced expansion plan in a phased manner , ensuring disciplined and timely capacity creation Phase I Expansion : 50 KT Brownfield expansion under implementation and progressing as per schedule; commissioning expected in H2 FY27 149.0 164.3 185.4 195.0 FY23 FY24 FY25 FY26 +31% +31% FY23–26 +31% FY23–26
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24 6. Technology & Market Augmentation – Thailand Expanding into value-added grades of ABS & HRG rubb er Plant at Map Ta Phut, Thailand, spread across 69,160 sq.m INEOS Styrolution (Thailand) Co. was in the business of manufacturing & selling specialty engineering polymers The product portfolio includes specialty ABS, high-heat ABS and SAN polymers Also produces HRG rubber, a key raw material for ABS About the Company About the Company Acquisition of INEOS Styrolution (Thailand ) Company completed in January 2025 Acquired 100% shareholding in the company for ~USD 22 million The acquisition was funded through a term loan About the Acquisition About the Acquisition Manufacturing Capacity KT Manufacturing Capacity KT 85 100 31 ABS SAN HRG Rubber New high-margin, unique ABS grade for refrigerator liner ap plications to enhance product mix Strengthens position as an emerging global supplier Access to added geographies and cross-selling opportunities Better-quality HRG rubber (key ABS raw material) supports g rowth & margins Exponential Growth Opportunity Exponential Growth Opportunity Key Synergies Key Synergies Improvement in product mix Expansion of customer base Enhanced global reach Access to technology
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25 7. R&D Strength Innovation Innovation Turning customer insights into differentiated produ cts Unique Product Innovation In-house capabilities enabling differentiated and application-specific solutions Customer-led Development Continuous customer interaction driving new grades aligned to real performance needs Rapid Colour Customisation On-the-spot colour confirmation to meet precise customer requirements 1995 State-of-the-art R&D centre established in Gujarat 1,300+ Colours at the colour excellence centre NABL ISO/IEC 17025:2005 certified testing labs Research & Development Research & Development Strong backbone ensuring quality, scale & reliability Cutting-edge R&D Centre State-of-the-art facility in Gujarat Unique R&D Excellence Color excellence center housing 1,300+ colors Focused Research Capabilities Rubber research, color & new product development Certified Testing NABL ISO/IEC 17025:2005 certified labs Customer-centric Approach R&D aligned to customer applications Technology & Innovation focus areas In-depth Polymerisation Research In-depth Polymerisation Research Global Technology Operation Global Technology Operation Customised Product & Colour Customised Product & Colour Long-term Sustainability Long-term Sustainability
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26 8. Deep-Rooted Customer Relationships Across Industries Competitive Edge Competitive Edge Long-standing relationships with customers Clientele spread across various sectors Customer Stickiness due to long approval cycles Automotive Automotive Electronics Electronics Household Appliances Household Appliances Cosmetics Cosmetics Stationery & Toys Stationery & Toys Packaging Packaging Healthcare Healthcare
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27 9. Consistent Performance over the Years* *Standalone figures Volumes (in KT) 149.0 164.3 185.4 195.0 FY23 FY24 FY25 FY26 EBITDA 290.3 272.8 355.8 369.7 FY23 FY24 FY25 FY26 EBITDA Margins (%) FY23 FY24 FY25 FY26 12.2% 12.2% 12.9% 14.0% Profit after Tax 183.0 173.2 232.2 234.3 FY23 FY24 FY25 FY26 (INR crores)
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28 10. Best Practices Behind Proven Credentials EHS Highlights EHS Highlights • Committed to the safety and health of employees and nearby communities • Certified to ISO 45001:2018 in May ‘26 • Certified & committed to ISO 14001:2015 • 6.17 Mn work hrs. for employees & 9.57 Mn work hrs. for contractors (Apr'22–Sep'26) with only 3 reportable incident (contractor, employee) Committed towards Environment • Use of clean fuel • Energy, waste, water & emission reduction measures • Green belts development in neighbouring areas for sustainability 'Swachhata Abhiyaan' at Katol site • Environment Day Celebrations in June '26 • Tree plantation drives undertaken across sites EHS Focus Areas EHS Focus Areas • Process Safety (as per OSHA guidelines) – PSM training from external expert conducted for Five batches of cross functional operations team • Engineering controls for process risk control • Trainings for Slip, Trip & Fall hazards • Focus on storage safety of Styrene • Best of technologies in practice (JSR – Japan Synthetic Rubber, Bayer/LANXESS, INEOS, BASF) with varied focus on Process safety • Sustainability - Resource reduction (water, waste, energy, emissions); green belt development • Capacity building for fire squad members - 5 batches of fire-safety training conducted from external experts to emergency squad members • ISO 45001:2018 sustenance Best Practices Followed Best Practices Followed • Process Safety Management (OSHA guidelines) • Operational Audits • Integrated Asset Care & Process Safety Audits • Use of Flame-Resistant Clothing (FRC) in operations • Behaviour Based Safety • HAZOP (Hazard & Operability) study for all processes • Management of Change (Personnel, Facilities & Technology) • Rewards & Recognition program Key Certificates Key Certificates ISO 9001:2015 Quality Management System ISO 14001:2015 Environmental Management System ISO 45001:2018 Occupational Health & Safety
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29 11. Experienced Board Members Rakesh S. Agrawal | Chairman • Chairman of Shiva Group • Master of Engineering (Chemistry) from Stevens Institute of Technology, New Jersey • Experience of over five decades • Set up first manufacturing plant of ABS & SAN resins in India Milin Mehta | Independent Director • Chartered Accountants, Master of Commerce and a Law Graduate • Leads the practice of the firm K C Mehta & Co. LLP, Chartered Accountants for over three decades • Vast experience to serve clients in the areas of accounting, tax, valuation, mergers and acquisitions, strategies and governance Rahul R. Agrawal | Managing Director • Director & Promoter of Shiva Pharmachem • Bachelor’s degree in Chemical Engineering from the University of Michigan and MBA from Harvard Business School • Over 25 years of experience in Chemical Manufacturing Industry Prem Kumar Taneja | Independent Director • Ex-Additional Chief Secretary, Industries & Mines Dept, Home Department, • Forest & Environment Department, Government of Gujarat • Over four decades of experience in Governance, Administration and Business Management • Led many Govt. of Gujarat promoted companies as MD, Director, etc. Vishal R. Agrawal | Joint Managing Director • Managing Director & Promoter of Shiva Pharmachem • Bachelor’s degree in Chemical Engineering and a Masters’ degree in Information Management from Stevens Institute of Technology • Over 25 years of experience in Chemical Manufacturi ng Industry P .N. Prasad | Independent Director • Master's degree in science and a Certified Associate of Indian Institute of Bankers, Rank holder in CAIIB examination • Independent Director, Axis Bank • Over 38 years of experience • Joined SBI in 1983 and retired as Deputy Managing Director in 2020 Ravishankar Kompalli | Whole-Time Director • Graduated in Chemical engineering from Andhra University in 1977 • Safety management diploma from Central Labour Institute, Mumbai of Govt of India • Experience of over four decades in polymer industry • Co-patented High Rubber Graft ABS powder technology for INEOS Styrolution presently in operation at Nandesari Plant, Gujarat Radhika Nath | Independent Director • BA in Political Science and Economics from Elphinstone College in • Mumbai, Diploma from Sophia Polytechnic, Mumbai and MBA degree student at Bombay University • Trustee-Governing Council, Educational Initiatives, Mahindra Group • 31 years of experience in retail, export, and trade
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Consolidated Profit & Loss* “Styrenix Performance Materials (Thailand) Ltd” was acquired effective Jan 2025, therefore not comparable with full year FY2025-26 for consolidated results 31 FY23 FY24 FY25 FY26 Particulars (INR Crores) 2,372.2 2,222.2 2,982.4 3,438.0 Revenue from Operations 15.1 9.3 12.2 16.4 Other Income 2,387.3 2,231.4 2,994.6 3,454.4 Total Income 1,776.4 1,662.3 2,219.9 2,505.1 Cost of Goods Sold 72.2 67.2 90.0 147.9 Employee Cost 248.5 229.2 322.0 441.8 Other Expenses 290.3 272.8 362.7 359.6 EBITDA 12.2% 12.2% 12.1% 10.4% EBITDA Margin (%) 5.3 2.8 5.7 19.5 Finance Cost 284.9 270.0 357.0 340.1 EBDT 38.0 36.8 55.1 114.1 Depreciation 0.0 0.0 0.0 2.8 Exceptional Item 246.9 233.2 302.0 223.3 Profit before tax 64.0 60.1 68.6 40.4 Tax 183.0 173.2 233.4 182.8 Profit After tax 7.7% 7.8% 7.8% 5.3% Profit After Tax Margin (%) 104.07 98.47 132.70 103.98 EPS (INR)
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Consolidated Balance Sheet* FY23 FY24 FY25 FY26 Assets (INR Crores) 340.7 343.2 981.8 1,154.9 Total Non Current Assets - -10.2 11.8 Intangible Asset 290.3 282.2 713.8 714.2 Property, Plant and Equipment 19.1 13.0 189.5 236.1 Right-to-use Assets 11.9 28.1 29.4 105.0 Capital work-in-progress 4.6 3.9 12.3 13.5 Financial Assets 1.0 1.7 9.4 9.7 (i) Investments 0.0 0.1 0.1 0.0 (ii) Loans 3.5 2.1 2.8 3.8 (iii) Other financial assets - - 3.9 25.2 Deferred tax assets (net) 1.7 1.5 5.2 24.8 Non-current tax assets (net) 13.1 14.4 17.5 24.2 Other non-current assets 922.1 694.6 1,360.7 1,327.6 Total Current Assets 345.6 268.7 768.5 664.5 Inventories Financial Assets 318.7 296.9 439.9 428.8 (i) Trade receivables - 56.1 10.7 87.6 (ii) Current Investments 102.8 54.5 97.7 70.1 (iii) Cash and cash equivalents 142.4 2.1 2.8 3.3 (iv) Bank balances other than above 0.3 0.1 0.2 0.1 (v) Loans 0.3 0.7 - 6.9 (vi) Other financial assets 11.7 15.3 40.7 66.2 Other current assets 0.4 0.2 0.1 0.1 Assets classified as held for sale 1,262.8 1,037.9 2,342.5 2,482.6 Total Assets FY23 FY24 FY25 FY26 Equity & Liabilities (INR Crores) 714.7 722.7 1,218.7 1,366.3 Total Equity 17.6 17.6 17.6 17.6 Equity Share capital 697.2 705.1 1,201.1 1,348.7 Other Equity 67.8 58.6 463.2 535.5 Total Non Current Liabilities Financial liabilities 9.6 9.7 204.0 222.3 (i) Borrowings 17.3 8.4 172.5 212.2 (ii) Lease Liabilities 28.2 29.2 86.7 101.0 Provisions 12.7 11.2 Deferred tax liabilities (Net) 480.2 256.5 660.6 580.8 Total Current Liabilities Financial liabilities 0.2 0.2 1.8 86.7 (i) Borrowings 8.0 9.0 18.9 26.9 (ii) Lease Liabilities 310.4 227.5 604.6 421.1 (iii) Trade Payables 147.1 10.7 19.3 27.0 (iv) Other financial liabilities 0.3 0.5 5.5 10.7 Contract Liabilities 0.7 1.2 4.6 5.7 Provisions 13.5 7.5 5.9 2.6 Other current liabilities 1,262.8 1,037.9 2,342.5 2,482.6 Total Equity and Liabilities “Styrenix Performance Materials (Thailand) Ltd” was acquired effective Jan 2025, therefore not comparable with full year FY2025-26 for consolidated results 32
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33 Standalone Historical Financial Highlights PAT (INR crores) 8.4% 8.4% 7.7% 7.7% 183.0 173.2 232.2 234.3 FY23 FY24 FY25 FY26 8.9% 8.9% 7.8% 7.8% 12.9% 12.9% 12.2% 12.2% 290.3 272.8 355.8 369.7 FY23 FY24 FY25 FY26 14.0% 14.0% 12.2% 12.2% Margin Margin Revenue from Operations (INR Crores) 2,372.3 2,222.2 2,744.4 2,640.3 FY23 FY24 FY25 FY26 ROCE (%) ROE (%) FY23 FY24 FY25 FY26 23.4% 24.1% 29.5% 25.4% EBITDA (INR Crores) FY23 FY24 FY25 FY26 34.2% 31.7% 36.5% 32.1%
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34 Standalone Key Ratios Debt to Equity (x) 0.01 0.01 0.02 0.06 FY23 FY24 FY25 FY26 Current Ratio (x) 2.30 2.71 2.07 2.47 FY23 FY24 FY25 FY26 Fixed Asset Turnover (x) 7.95 7.76 9.34 8.76 FY23 FY24 FY25 FY26 Debt Service Coverage Ratio (x) 17.26 17.72 18.63 12.03 FY23 FY24 FY25 FY26
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35 Strategic Priorities & Way Forward 1 Capacity Expansion Brownfield ABS Phase I (50 KT) on track for commissioning in H2 FY27 2 Better Product Mix Focus on specialties, OEM business and import substitutes; shift towards higher value-added grades 3 Thailand Integration Leverage HRG rubber, high-heat & refrigerator-liner ABS grades and cross-selling across APAC 4 APAC Market Expansion Marketing teams in China, Vietnam, Indonesia, Japan & South Korea to build a diversified growth platform 5 Operational Excellence Diversified raw-material sourcing, cost optimisation and agile supply chain to navigate volatility 6 Safety & Sustainability Process safety, ISO-certified systems and resource-reduction initiatives across all sites
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Styrenix Performance Materials Ltd. CIN -L25200GJ1973PLC002436 Mr. Bhupesh P. Porwal - Chief Financial Officer bhupesh.porwal@styrenix.com www.styrenix.com Styrenix Performance Materials Ltd. CIN -L25200GJ1973PLC002436 Mr. Bhupesh P. Porwal - Chief Financial Officer bhupesh.porwal@styrenix.com www.styrenix.com Company: Company: Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285 Ms. Vaamaa Choksi / Mr. Shrikant Sangani vaamaa.choksi@sgapl.net / shrikant.sangani@sgapl.net +91 9022208577/ +91 9619595686 www.sgapl.net Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285 Ms. Vaamaa Choksi / Mr. Shrikant Sangani vaamaa.choksi@sgapl.net / shrikant.sangani@sgapl.net +91 9022208577/ +91 9619595686 www.sgapl.net Investor Relations Advisor: Investor Relations Advisor: 36