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Private and Confidential 1 Ganesha Ecosphere Investors Presentation | Q1FY27
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Safe Harbour Statement 2 Except for the historical information contained herein, statements in this presentation and the subsequent discussions, whichinclude words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "contemplate", seek to", "future", "objective", "goal", "likely", "project", "should", "potential", "will pursue", and similar expressions of such expressions may constitute "forward-looking statements“. These forward looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to our ability to successfully implement our strategy,our growth and expansion plans, obtain regulatory approvals, our provisioning policies, technological changes, investment and business income, cash flow projections, our exposure to market risks as well as other risks. The Company does not undertake any obligation to update forward- looking statements to reflect events or circumstances after the date thereof.
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Towards A Greener Future 3 OUR VISION To become a global corporate citizen, committed to recycle every PET bottle, which is thrown into waste, with world class recycling facilities and to create wealth for our stakeholders through conducting business around social & environmental concerns. OUR MISSION We will continue to deliver enhanced value for our stakeholders by being the preferred choice of our customers, delivering highest quality products and work towards making our planet a better place to live in for the present and future generations.
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01 Financial Overview
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41,268 42,826 45,162 40,113 Q4FY26 Q1FY27 Q1FY27 Consolidated Performance Highlights (QoQ) 5 Revenue from operations 423.9 423.7 Q4FY26 Q1FY27 52.4 59.8 Q4FY26 Q1FY27 12.4% 14.1% Q4FY26 Q1FY27 11.6 14.9 Q4FY26 Q1FY27 EBITDA EBITDA Margin EBITDA / Ton INR Cr INR Cr INR ‘000s Profit after tax 23.2 29.0 Q4FY26 Q1FY27 40.4 46.4 Q4FY26 Q1FY27 8.68 10.86 Q4FY26 Q1FY27 Cash Profits Volume EPS INR Cr INR Cr INRMT *Production Data excluding captive consumption Production* Sales
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28,209 27,294 29,234 25,321 Q4FY26 Q1FY27 Q1FY27 Standalone Performance Highlights (QoQ) 6 Revenue from operations 260.3 262.3 Q4FY26 Q1FY27 20.9 23.8 Q4FY26 Q1FY27 8.0% 9.1% Q4FY26 Q1FY27 7.2 9.4 Q4FY26 Q1FY27 EBITDA EBITDA Margin EBITDA / Ton INR Cr INR Cr INR ‘000s PAT 16.4 13.8 Q4FY26 Q1FY27 6.12 5.13 Q4FY26 Q1FY27 Cash Profits Volume EPS INR Cr INR Cr INRMT *Production Data excluding captive consumption Production* Sales23.6 20.6 Q4FY26 Q1FY27
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36,049 42,826 33,650 40,113 Q1FY26 Q1FY27 Production* Sales Q1FY27 Consolidated Performance Highlights (YoY) 7 Revenue from operations 337.1 423.7 Q1FY26 Q1FY27 36.3 59.8 Q1FY26 Q1FY27 10.8% 14.1% Q1FY26 Q1FY27 10.8 14.9 Q1FY26 Q1FY27 EBITDA EBITDA Margin EBITDA / Ton INR Cr INR Cr INR ‘000s Profit after tax 10.8 29.0 Q1FY26 Q1FY27 26.3 46.4 Q1FY26 Q1FY27 4.23 10.86 Q1FY26 Q1FY27 Cash Profits Production Volume Basic EPS INR Cr INR Cr INRMT *Production Data excluding captive consumption
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25,392 27,294 24,040 25,321 Q1FY26 Q1FY27 Q1FY27 Standalone Performance Highlights (YoY) 8 Revenue from operations 221.5 262.3 Q1FY26 Q1FY27 9.3 23.8 Q1FY26 Q1FY27 4.2% 9.1% Q1FY26 Q1FY27 3.9 9.4 Q1FY26 Q1FY27 EBITDA EBITDA Margin EBITDA / Ton INR Cr INR Cr INR ‘000s PAT 7.7 13.8 Q1FY26 Q1FY27 13.5 20.6 Q1FY26 Q1FY27 3.01 5.13 Q1FY26 Q1FY27 Cash Profits Volume Basic EPS INR Cr INR Cr INRMT *Production Data excluding captive consumption Production* Sales
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Quarter Wise Performance 9 340.5 368.7 361.4 428.5 427.3 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 INR Cr 36.3 22.3 30.7 52.4 59.8 10.8% 6.1% 8.6% 12.4% 14.1% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 EBITDA MarginINR Cr 10.8 -0.5 4.7 23.2 29.0 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 INR Cr 229.6 270.0 284.1 270.2 265.8 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 INR Cr 9.3 8.2 18.5 20.9 23.8 4.2% 3.2% 6.8% 8.0% 9.1% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 EBITDA MarginINR Cr 7.7 7.8 15.9 16.4 13.8 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 INR Cr Total Income ConsolidatedStandalone EBITDA PAT
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10 25,392 25,689 29,088 28,209 27,294 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 24,040 29,068 31,107 29,234 25,321 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Production Volume (Standalone) Sales Volume (Standalone) Production Volume (Consolidated) 36,049 38,845 38,768 41,268 42,826 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 33,650 39,132 40,233 45,162 40,113 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Sales Volume (Consolidated) Production vs Sales Volume (in MT)
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11 Highlights of Q1FY27 Strong performance continued from Q4FY26 across standalone and consolidated businesses. Production volumes rose by 3.8%, reflecting operational efficiency. Consolidated sales declined by 11.2% due to a 13.4% drop in standalone sales volumes, driven by weaker demand amid higher polymers prices and geopolitical tensions. Legacy business operated at 102% and Warangal unit operated at 72% capacity. Both (Standalone & consolidated) businesses delivered strong margin performance, driven by productivity gains and higher operating rates. Consolidated margins improved to 14.11%, up 176 basis points QoQ; standalone margins rose to 9.07%, up 103 basis points. Consolidated PAT growth surged 25% QoQ to ₹29.03 crore, highlighting resilience in profitability despite softer sales. Standalone other income dropped from ₹9.86 crore to ₹3.53 crore due to the discontinuation of interest income on subsidiary loans converted into equity. This weighed on standalone net profits despite healthy EBITDA margin improvement. Consolidated performance remained unaffected.
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02 Business Overview
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Ganesha Ecosphere | Leading PET Plastic Recycling Company 13 3+ Decades Rich Industry Experience 500+ Product Variants 400+ Customers across 16+ countries 6 Manufacturing Facilities 218,940 MTPA Recycling & Washing Capacity 300+ Supplier Network Pan India 8.5 bn+ Scrap bottles recycled annually 150,000+ MTPA PET Waste converted 2,800+ Employees
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Ganesha Ecosphere | Company Structure 14 Ganesha Ecosphere Limited Flagship company housing Kanpur, Bilaspur & Temra facilities for washing, PSF & dope dyed yarns Ganesha Ecopet Private Limited Ganesha Ecotech Private Limited Ganesha Overseas Private Limited Wholly Owned Subsidiaries Commenced commercial operations partially on April 1, 2023 Commenced commercial operations on February 1, 2023 Commenced commercial operations on February 1, 2023 One of the leading players in PET plastic recycling space in India with a total installed capacity of 218,940 tons across products like RPSF, rPET granules, rPET filament yarn, Spun Yarn, dyed filament yarn, PPSF and washed flakes. Incorporated in 1987 by Mr. Shyam S. Sharmma, Ganesha Ecosphere Limited engaged in manufacturing of Recycled Polyester Staple Fiber (RPSF), Dyed yarn and Recycled Spun Yarn and recently ventured into rPET chips and rPET filament yarn. Committed to its mission of recycling, carrying out production of its major products rPSF, rPET Granules, rPET Filament Yarn through waste PET bottles Long standing track record of 3+ decades in the industry, large scale of operations, ability to source repeat business from a diversified client base & an established supplier network Established strong collection network across the country (especially Northern & Southern regions), mobilizes ~450 tons of PET bottle waste every day rPET chips (Bottle & Textile grade) rPET Filament Yarn PPSFRPSF Warangal Operations Nepal Operations for Washed PET Flakes
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Awards, recognition and industry visibility 15 Three external honour across circular textiles, plastic-waste recycling and industry thought leadership. Global Leadership in Circular Textiles ATEXCON 2026 · Government of Telangana 01 Sarvashreshtha Udyam Puraskar Government of Uttar Pradesh · Plastic-waste recycling 02 Industry Thought Leadership Injection & Blow Moulding Conference · Yash Sharma 03
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03 Industry Overview
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India’s PET Market Set for Strong Growth, Fueled by Government Recycling Push 17 11.9 15.4 19.1 3.5 5.0 7.1 CY17 CY24 CY29F PET Bottle rPET Bottle CAGR: 4% Global PET Bottle Production (Mn Ton) 0.8 1.3 2.3 CY17 CY24 CY29F CAGR: 10% 15 Lac Ton India PET Bottle expected consumption in CY25 40% India Recycled content use EPR Target in PET bottles in FY27 India PET Bottle Production (Mn Ton) EPR Type Category Recycling Target Recycling Content Use Target Reuse Target FY25 FY28 FY26 FY29 FY26 FY29 Rigid Plastics 50% 80% 30% 60% 10% 25% Flexible Packaging 30% 60% 10% 20% 0% 0% Multi-Layer Packaging 30% 60% 5% 10% 0% 0% Compostable Plastic 50% 80% 0% 0% 0% 0% India’s EPR Rules fuelling the Recycling Demand
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Key Growth Drivers for Recycled PET 18 Growing adoption of rPET to reduce reliance on virgin plastic and support circular economy Innovations in recycling technologies is enhancing high quality & cost effective rPET Rising demand for sustainable packaging solutions, global regulations compelling brands to adopt rPET packaging Durability, safety & recyclability are making rPET a preferred option among diverse end user industries Defined standards & certifications from regulatory bodies like FSSAI, FDA & EFSA has strengthened consumer confidence
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04 Key Strengths Leading PET Plastic Recycling Company with deep domain expertise driving towards a sustainable future
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Key Strengths 20 Leading the PET recycling revolution with early-mover dominance in India’s B2B rPET granules space Cultivating Deep Domain Expertise – Establishing Distinctive and Inimitable Competencies Expanding product portfolio with a leap into the next generation of recycling - GoRewise State-of-the-art manufacturing facilities strategically located across India; Strategically realigning product portfolio towards high-margin, value-added products Experienced Management and Board of Directors driven towards a sustainable future 1 5 2 4 3
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Leading the PET recycling revolution with early-mover dominance in India’s B2B rPET granules space 21 Temra facility with capacity of 21,600 TPA Crossed INR 500 crore Revenue Expansion of Temra facility to a total capacity of 45,000 TPA Crossed INR 1,000 crore Revenue Nepal (Capacity of 12,000 TPA) & Warangal (50,000 TPA) facilities operationalized rPET & rPET FDY facilities operationalized Ganesha recycles significant share of India’s PET bottle waste A leading force in PET plastic recycling for over three decades and the largest player in the RPSF segment 1 Deep domain expertise Best in class technologies for recycling PET bottles Research and Development capabilities Large network of suppliers & customers Certified & approved processes 2012 2014 2017 2019 2023 2024 150,000+ MTPA of PET waste converted in FY26 8+ Billion of PET bottles recycled in FY26 Ramping up capacities in rPET granules to 42,000 TPA 2025
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Strong collection network Joint ventures/ Partnerships Distribution Creating the ecosystem of waste collection Cultivating Deep Domain Expertise – Establishing Distinctive and Inimitable Competencies 22 Used Pet Bottle Collection Post Consumer PET Bottles sent to recycling facility Recycling Facility rPET Flakes End User Industries Recycling facilities crush these bottles to flakes rPET flakes converted to pellets/resins which are supplied to end user industries Bottles Fiber Sheets & Film Bags & Containers Strong relations and collection network of 300+ suppliers across India based on which the company mobilizes ~450 tons of PET waste every day Strategic JV with Race Eco Chain (49:51) to secure PET flakes supply via a nationwide hub-and-spoke sourcing model Company has 6 sales office across the expanse of India and has a reach to 400+ clients in India as well as Globally to 16+ countries Ganesha has created a strong ecosystem of organized vendors on a Pan India basis to collect plastic waste 2 Value chain Domain expertise PET Bottle Collection Sorting Washing Shredding & Cleaning Conversion of Flakes to Resin Storing Transporting to End- user Industries
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Expanding product portfolio with a leap into the next generation of recycling - GoRewise 23 3 Focus on Sustainability Optimized processes for minimum resource consumption Zero Liquid Discharge facility Strong focus on R&D to continuously improve processes & products Unmatched Legacy Managed by industry experts with an average of 25+ years experience Large network of suppliers & customers to be leveraged State of art Technology Partnered with best PET recycling technology providers Customized & re-designed technology to process Indian waste Super-clean technology (approved by Global organizations) to produce rPET resin The brand was launched with a commitment for the good of tomorrow. GoRewise is dedicated to conserving resources and establish sustainability supremacy by efficiently recycling PET plastic into premium quality products
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New Products in the Space Under GoRewise 24 3 Every product manufactured under the brand goes through stringent quality checks to ensure only highest quality rPET products are supplied to our partners Product Name Target Customers Partner with F&B industry for packaging needs rPET Chips – Bottle Grade rPET Fibers & Yarns Partner with sustainability focused apparel & textile brands Differentiation Almost virgin like properties Specialty product basket to cater to niche sectors Certifications USFDA, EFSA & FSSAI approved technology for food grade packaging GRS and Oekotex certified Fibers and Yarns with high consistency and strength
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State-of-the-art manufacturing facilities strategically located across India 25 Facility Capacity (TPA) Kanpur 10,200 rPET Fibre 7,200 Dyed Textured Yarn 3,000 Rudrapur 39,600 rPET Fibre 39,600 Bilaspur & Temra 57,000 rPET Fiber 49,800 rPET Spun Yarn 7,200 Warangal 77,640 rPET Granules 64,500* B2F Chips/Filament yarn 12,240 RPSF 12,600 PPSF 10,800 Nepal 12,000 Washed Flakes 12,000 Rudrapur Kanpur Bilaspur & Temra Nepal Warangal Additional approvals for food grade applications in Warangal Best in class certifications having a strong focus on quality 4 Existing Facilities *Another brownfield expansion of 22,500 TPA is underway
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Experienced Management and Board of Directors… 26 5 Akshay Kumar Gupta Non-Executive Independent Director • 60+ years of experience • Visionary to bring PET recycling revolution in India • Responsible for looking into the overall management, strategic planning and development of the company Shyam Sunder Sharmma Founder and Non -Executive Chairman • 35+ years of experience • Expertise in operations, marketing and distribution • Responsible for overseeing day to day management and overall operations of the Company Sharad Sharma Managing Director • 50+ years of experience • Expertise include business development, and marketing • Oversees marketing & business development for the group Vishnu Dutt Khandelwal Executive Vice- Chairman • 35+ years of experience • Expertise in plant administration & operations • Responsible for looking after the administration and operations of the Company’s Rudrapur and Bilaspur unit Rajesh Sharma Joint Managing Director • 35+ years of experience • Expertise in the field of management consulting, international business • He is a management graduate from IIM Ahmedabad Jagat Jit Singh Non-Executive Independent Director • 30+ years of experience • Ph.D. in Pollution Abatement from H.B.T.I., Kanpur, Master Degree in Chemistry • She was working as a Regional Officer, UP Pollution Control Board and functioned across various roles Dr. Shobha Chaturvedi Non-Executive Independent Director • 40+ years of experience • He is a CA by profession and past member of Central Council of ICAI • Has served on board of Northern Coalfields, presently on board of Kanpur Plastipack Limited • 35+ years of experience • Senior Banking professional, retired from the post of CGM, Corporate Client Group, SBI Corporate Centre, Mumbai • Strong background in credit appraisal, corporate governance, risk management & regulatory compliances. Rajiv Kumar Saxena Non-Executive Independent Director
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Zero discharge facility at Warangal Warangal facility equipped to recycle ~90% of water required in operations and only ~10% fresh water is needed …driven towards a sustainable future 27 5 Partnership with a leading IPP for supply of Solar Power for captive consumption Shifting towards clean renewable energy plant’s across production facilities with total installed capacity of 16.53 MWp of Rooftop Solar power installations Impacting the environment by reducing burden of waste on Planet Creating a sustainable, circular economy on a Global level Helping industries to take steps towards sustainability
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Strive to become the Preferred & Largest provider for Recycled Plastic products globally 05 Key Strategies
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• Unlock the potential of high margin products. Target revenue contribution of value added products ~65% (vs 40% currently) • Constantly strengthen our overseas presence through participation in international events and exhibitions • Seize the demand for rPET in bottle grade applications • Capitalize on the regulations, being one of the few companies to have a large B2B facility • Increasing rPET granules capacities to meet the growing demand • Focus on increasing market share in technical textiles and household textiles sector. • Working with 40+ brands across various stages of approvals to provide rPET products helping them meet their sustainability goals The Way Forward 29 1 2 4 5 3
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06 Financial Summary
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Profit & Loss Statement - Consolidated 31 Particulars (INR Crore) Q1FY27 Q4FY26 Q1FY26 FY26 Net Revenue from operations 423.67 423.94 337.12 1481.66 Other Income 3.62 4.54 3.38 17.42 Total Income 427.29 428.48 340.50 1499.08 Expenses Cost of materials consumed/ traded goods 303.52 245.61 226.70 928.37 Changes in inventories (35.56) 26.89 (8.80) 46.85 Employee benefits expense 24.48 26.93 23.56 99.76 Finance costs 8.87 8.79 9.84 40.32 Depreciation and amortization 17.34 17.16 15.50 64.81 Other expenses (incl. share of loss of an associate) 71.55 72.22 59.38 265.02 Profit before tax 37.09 30.88 14.32 53.95 Tax Expense (8.06) (7.67) (3.57) (15.74) Net Profit after tax 29.03 23.21 10.75 38.21 Other Comprehensive income 1.00 (1.89) (0.22) (6.23) Total Comprehensive Income 30.03 21.32 10.53 31.98
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Profit & Loss Statement - Standalone 32 Particulars (INR Crore) Q1FY27 Q4FY26 Q1FY26 FY26 Net Revenue from operations 262.30 260.33 221.47 1014.10 Other Income 3.52 9.86 8.17 39.80 Total Income 265.82 270.19 229.64 1053.90 Expenses Cost of materials consumed/ traded goods 201.08 172.16 161.17 669.38 Changes in inventories (25.79) 1.53 (5.40) 40.95 Employee benefits expense 17.66 19.94 17.89 74.44 Finance costs 2.00 1.38 1.32 6.91 Depreciation and amortization 6.85 7.22 5.87 25.37 Other expenses 45.56 45.77 38.51 172.38 Profit before tax 18.46 22.19 10.28 64.47 Tax Expense 4.71 (5.78) (2.62) (16.64) Net Profit after tax 13.75 16.41 7.66 47.83 Other Comprehensive income 1.00 (2.05) (0.23) (6.41) Total Comprehensive Income 14.75 14.36 7.43 41.42
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Thank You 113/216-B, First Floor, Swaroop Nagar, Kanpur, Uttar Pradesh- 208002, India Email: secretarial@ganeshaecosphere.com