Slides
Page 1
Chemplast Sanmar Limited Investor Presentation – Q2 & H1FY ’27
Page 2
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 Safe Harbour This presentation and the accompanying slides (the ‘Presentation’), which have been prepared by Chemplast Sanmar Ltd. (the ‘Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information 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, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. This Presentation contains certain forward looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), 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, government 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
Page 3
Performance Highlights
Page 4
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 Key Highlights (A) Speciality Segment (a) Paste PVC • Domestic demand remained robust throughout the quarter, peaking in September, driven by strong offtake from the automotive and footwear sectors. Customers also increased inventory levels amid rising prices and constrained availability of imported resin. • The Madras High Court directed provisional assessment of Paste PVC imports from the EU and Japan, effective since mid-September 2026 and imports are allowed on bond. The Government's appeal against the interim order was not entertained by the Division Bench, and provisional assessment continues. (b) Custom Manufactured Chemicals Division (‘CMCD’) • CMCD continued its strong growth momentum during Q2, supported by the ramp-up of commercialised molecules and healthy demand . Margins continue to be healthy. • Dedicated business development teams in Europe and Japan are helping generate new product opportunities and strengthen customer engagements. (c) Refrigerant Gases (R-32) • Market seeding is underway, with initial sales recorded during the quarter. • Additional production capacity is expected to come on stream by the end of FY27. Performance Highlights: Q2 & H1FY ’27 4 All computations are on Consolidated basis Q3 FY ‘26 Rs. Cr Revenues EBITDA 1,033 1,125 1,323 Q2 FY '26 Q1 FY '27 Q2 FY '27 43 (115) 111 Q2 FY ‘27 PAT Revenues EBITDA 2,133 2,448 H1FY '26 H1FY '27 PAT 60 (3) (51) (176) (5) Q2 FY ‘26 Q2 FY ‘27Q1 FY ‘27 Q2 FY ‘26 Q1 FY ‘27 H1 FY ‘26 H1 FY ‘27 (115) (181) H1 FY ‘26 H1 FY ‘27 H1FY’27 Q2FY’27
Page 5
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 Key Highlights B) Commodity Segment – (VAC & CCVL) a) Suspension PVC • Domestic demand stayed soft because of the seasonal monsoon slowdown. Chinese dumping remains unabated affecting margins. • PVC prices and realisations improved during the quarter, driven by rising crude oil and ethylene prices and higher ocean freight rates amid global supply disruptions, which made imported PVC more expensive. The Minimum Import Prices also helped stabilize the prices. • However, these higher PVC prices dampened pipe demand further, and offtake from government projects remained low. • The segment continues to be hit by multiple headwinds/ structural shifts. With VCM prices catching-up with PVC prices, spreads are likely to remain volatile. b) Value-added Chemicals (‘VAC’) • VAC performance remained subdued during Q2 FY27, as margin pressures persisted. • Caustic soda volumes were impacted by the Karaikal plant shutdown and reduced operations at Mettur, while pricing remained under pressure due to global oversupply and weak demand. Performance Highlights: Q2 & H1FY ’27 5
Page 6
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 MD’s Message 6 “Q2 FY27 marked a meaningful improvement in the Company’s performance, with consolidated revenue growing 28% year-on-year to Rs. 1,323 crores. EBITDA stood at Rs. 111 crores, compared to Rs. 43 crores in the corresponding quarter last year, reflecting an improvement in overall business performance. Our Specialty Chemicals portfolio continued to deliver strong progress, led by healthy demand in Paste PVC and the continued scale-up of CMCD. In Paste PVC, improved market conditions and better realisations supported business performance. CMCD delivered another strong quarter and continues to gain momentum, driven by growing pipeline, a robust order book across agrochemicals, pharmaceuticals and other speciality chemical applications. With deeper customer engagements and new molecules progressing towards commercialisation, we remain confident about the long-term growth trajectory of this business. In Refrigerant Gases, we are progressing with the planned addition of new capacities, targeted for commercial operations by the end of FY27, which will further strengthen our position in this business. VAC profitability remained constrained in Q2 FY27 amid ongoing demand-supply imbalances. While Suspension PVC pricing improved during the quarter, driven by rising crude oil and ethylene prices and higher ocean freight rates, it continues to face significant structural headwinds. As VCM prices catch up with PVC prices, spreads are likely to remain volatile, reinforcing the cyclical and earnings-sensitive nature of the business. Going forward, we will continue to focus on strengthening our speciality chemicals portfolio, accelerating the development of new molecules, and expanding our manufacturing capabilities. We believe these initiatives will support our growth ambitions and position the Company to capture emerging opportunities across its businesses.” S. Ganeshkumar Managing Director
Page 7
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 Segmental Highlights - Quarterly 7 “mt “stands for metric tons ^ - specialty chemicals comprises of Paste PVC, CMCD and Refrigerant gas # - VAC includes Caustic Soda, Chloromethanes & Hydrogen Peroxide Rs. Cr Specialty Chemicals^ Value - Added Chemicals# Suspension PVC Consolidated mt Sales Volume 1,033 1,125 1,323 Q2 FY '26 Q1 FY '27 Q2 FY '27 523 569 715 Q2 FY '26 Q1 FY '27 Q2 FY '27 138 129 120 Q2 FY '26 Q1 FY '27 Q2 FY '27 372 427 488 Q2 FY '26 Q1 FY '27 Q2 FY '27 36,732 30,682 29,693 Q2 FY '26 Q1 FY '27 Q2 FY '27 29,027 24,094 29,573 Q2 FY '26 Q1 FY '27 Q2 FY '27 1,42,729 1,25,068 1,41,649 Q2 FY '26 Q1 FY '27 Q2 FY '27 76,970 70,291 82,383 Q2 FY '26 Q1 FY '27 Q2 FY '27 Revenue Break-up
Page 8
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 Segmental Highlights – Half Yearly 8 “mt “stands for metric tons ^ - specialty chemicals comprises of Paste PVC, CMCD and Refrigerant gas # - VAC includes Caustic Soda, Chloromethanes & Hydrogen Peroxide Rs. Cr Specialty Chemicals^ Value - Added Chemicals# Suspension PVC Consolidated mt Sales Volume 2,133 2,448 H1FY '26 H1FY '27 1,131 1,284 H1FY '26 H1FY '27 276 249 H1FY '26 H1FY '27 726 915 H1FY '26 H1FY '27 72,095 60,375 H1FY '26 H1FY '27 55,431 53,667 H1FY '26 H1FY '27 2,97,345 2,66,717 H1FY '26 H1FY '27 1,69,819 1,52,674 H1FY '26 H1FY '27 Revenue Break-up
Page 9
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 Consolidated Profit & Loss Account 9 Particulars Q2 FY ’27 Q2 FY ’26 Y-o-Y Q1 FY ’27 Q-o-Q H1FY’27 H1FY’26 Y-o-Y Revenue from Operations 1,323 1,033 28% 1,125 18% 2,448 2,133 15% Cost of Goods Sold 873 644 846 1,719 1,377 Employee Cost 66 65 73 140 130 Other Expenses 273 281 319 592 566 EBITDA 111 43 158% (115) n.a. (3) 60 n.a. EBITDA Margin % 8% 4% -10% 0% 3% Other income 4 7 3 6 16 Depreciation 55 52 61 116 105 EBIT 60 (2) (173) (112) (29) Finance Cost 68 60 59 127 120 Profit before tax and exceptional items (9) (62) (232) (241) (149) Exceptional items* - - - - - Profit Before Tax (9) (62) (232) (241) (149) Tax (3) (11) (57) (60) (33) PAT (5) (51) n.a. (176) n.a. (181) (115) n.a. Rs. Cr n.a. - not applicable
Page 10
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 Consolidated Balance Sheet Assets Sept ’26 Mar ’26 Non-Current Assets a) Property, Plant And Equipment 4,342 4,278 b) Capital Work in Progress 301 341 c) Right Of Use Asset 107 108 d) Investments 8 8 e) Other Financial Assets 41 45 f) Other Non-Current Assets 61 53 Sub-Total - Non-Current Assets 4,860 4,834 Current Assets a) Inventories 617 602 b) Financial Assets i)Trade Receivables 82 92 ii) Cash And Cash Equivalents 430 430 iii) Bank Balances 105 103 iv) Other Financial Assets 32 24 c) Other Current Assets 150 143 d) Derivative assets 4 87 Sub-Total - Current Assets 1,420 1,481 Total - Assets 6,280 6,316 Equity And Liabilities Sept ’26 Mar ’26 Equity a) Equity Share Capital 79 79 b) Other Equity 1,495 1,676 c) Instruments entirely equity in nature Total Equity 1,574 1,755 Liabilities Non-Current Liabilities a) Financial Liabilities i) Borrowings 1,007 1,105 ii) Lease Liabilities - - b) Other Non current Liabilities 76 79 c) Deferred Tax Liabilities (Net) 379 439 Sub-Total - Non-Current Liabilities 1,462 1,623 Current Liabilities a) Financial Liabilities i) Borrowing 742 847 ii) Trade Payables 2,170 1,637 iii) Other Financial Liabilities 254 223 iv) Lease Liabilities - - b) Other Current Liabilities 62 214 c) Derivative liabilities - - Current tax liabilities (net) 17 17 Sub-Total - Current Liabilities 3,245 2,938 Total - Equity And Liabilities 6,280 6,316 Rs. Cr 10
Page 11
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 Consolidated Cashflow Statement Particulars Sep-26 Sep-25 Net Profit Before Tax (241) (149) Adjustments for: Non-Cash Items / Other Investment or Financial Items 254 205 Operating profit before working capital changes 14 56 Changes in working capital 448 74 Cash generated from Operations 461 130 Direct taxes paid (net of refund) (3) (4) Net Cash from Operating Activities 458 126 Net Cash from Investing Activities (144) (142) Net Cash from Financing Activities (314) (87) Net Increase in Cash and Cash equivalents 0.05 (102) Add: Cash & Cash equivalents at the beginning of the period 430 555 Cash & Cash equivalents at the end of the period 430 452 Rs. Cr 11
Page 12
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 Standalone Profit & Loss Account Particulars Q2 FY ’27 Q2 FY ’26 Y-o-Y Q1 FY ’27 Q-o-Q H1FY’27 H1FY’26 Y-o-Y Revenue from Operations 622 558 11% 592 5% 1,214 1,053 15% Cost of Goods Sold 331 279 297 628 493 Employee Cost 44 44 49 94 85 Other Expenses 195 218 239 434 436 EBITDA 52 18 192% 7 645% 59 40 49% EBITDA Margin % 8% 3% 1% 5% 4% Other income 4 3 3 7 8 Depreciation 41 38 47 87 77 EBIT 15 (17) (37) (21) (29) Finance Cost 31 28 29 60 54 Profit before tax and exceptional items (16) (45) (66) (81) (83) Exceptional items - - - - - Profit Before Tax (16) (45) (66) (81) (83) Tax (4) (10) (16) (20) (19) PAT (11) (36) n.a. (49) n.a. (61) (64) n.a. n.a. - not applicable Rs. Cr 12
Page 13
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 Standalone Balance Sheet Assets Sep-26 Mar-26 Non-Current Assets a) Property, Plant And Equipment 3,473 3,388 b) Capital Work in Progress 298 336 c) Right Of Use Asset 22 22 d) Investments 658 658 e) Other Financial Assets 35 38 f) Other Non-Current Assets 46 47 Sub-Total - Non-Current Assets 4,531 4,488 Current Assets a) Inventories 486 391 b) Financial Assets i)Trade Receivables 146 170 ii) Cash And Cash Equivalents 265 276 iii) Bank Balances (Other than (ii) above) 34 33 iv) Loan 87 34 v) Other Financial Assets 19 21 c) Other Current Assets 115 136 d) Derivative assets - 30 Sub-Total - Current Assets 1,152 1,091 Total - Assets 5,683 5,579 Equity And Liabilities Sep-26 Mar-26 Equity a) Equity Share Capital 79 79 b) Other Equity 3,054 3,114 c) Instruments entirely equity in nature Total Equity 3,133 3,193 Liabilities Non-Current Liabilities a) Financial Liabilities i) Borrowings 714 688 ii) Lease Liabilities - - b) Other Non current Liabilities 46 48 c) Deferred Tax Liabilities (Net) 297 317 Sub-Total - Non-Current Liabilities 1,057 1,054 Current Liabilities a) Financial Liabilities i) Borrowing 468 492 ii) Trade Payables 796 589 iii) Other Financial Liabilities 165 166 iv) Lease Liabilities - - b) Other Current Liabilities 45 68 c) Derivative liabilities 1 - Current tax liabilities (net) 17 17 Sub-Total - Current Liabilities 1,493 1,331 Total - Equity And Liabilities 5,683 5,579 Rs. Cr 13
Page 14
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 Standalone Cashflow Statement Particulars Sep-26 Sep-25 Net Profit Before Tax -81 -83 Adjustments for: Non Cash Items / Other Investment or Financial Items 147 120 Operating profit before working capital changes 65 37 Changes in working capital 156 -173 Cash generated from Operations 221 -136 Direct taxes paid (net of refund) -2 -2 Net Cash from Operating Activities 220 -138 Net Cash from Investing Activities -181 -179 Net Cash from Financing Activities -49 132 Net Increase in Cash and Cash equivalents -11 -185 Add: Cash & Cash equivalents at the beginning of the period 276 404 Cash & Cash equivalents at the end of the period 265 219 Rs. Cr 14
Page 15
Company Overview
Page 16
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 Chemplast Sanmar: Leading Chemical Manufacturer in India… R32 Marquee parentage The Sanmar Group is amongst the oldest and most prominent corporate groups in South India 4 Manufacturing sites with a high degree of backward integration (2) Experienced management team with deep domain expertise Rs. 4,224 Cr Revenue Rs. 198 Cr EBITDA Consolidated FY ’26 Note: 1. S-PVC – Suspension PVC ; Through its wholly owned subsidiary, Chemplast Cuddalore Vinyls Limited (‘CCVL’) 2. For significant portion of its operations 16 #1 manufacturer of Specialty Paste PVC resin in India Leading player in Custom Manufactured chemicals #1 manufacturer of Hydrogen Peroxide in South India #5 manufacturer of Caustic Soda in South India #1 manufacturer of S-PVC in South India & 2nd largest in India(1) One of the oldest manufacturers of Chloromethanes in India Establishing Presence in the R32
Page 17
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 Chemplast Sanmar CCVL (2) … with a Diversified Product Portfolio End-user industries Specialty Paste PVC resin Custom Manufacturing Refrigerant Gases (HFOs) Caustic Soda Hydrogen peroxide Chloromethanes Capacity (mtpa) 107,000 5,410 2,000 (3) (R-32) 119,000 34,000 (4) 35,000 331,000 FY ’26 Sales split 36% 12% 52% Q2 FY’27 Sales split 37% 9% 54% Specialty Chemicals(1) Value-added Chemicals Suspension PVC Note: 1. Specialty chemicals comprises of Paste PVC, CMCD and Refrigerant gas 2. Wholly-owned subsidiary of Chemplast Sanmar Ltd. 3. This facility acts as a swing plant between R-22 and R-32 4. The Hydrogen Peroxide capacity is calculated at 50% concentration level, in line with industry standards. (‘mtpa’ stands for metric tons per annum) 17 Footwear Auto and Furniture upholstery Artificial leather products Mats Pharma Agrochemicals Fine Chemicals Irrigation Real estate Urban infra Paper Textile TextilesPaper Organic and Inorganic Chemicals Effluent treatment at refineries Dis- infectants Pharma Agro- Chemicals Refrigerants AC
Page 18
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 1. Specialty Paste PVC 18 CSL is the oldest player and one of only two companies in India having the requisite technology > 60% of Paste PVC capacity is backward integrated Leadership position in Indian market; With the 41 ktpa expansion, CSL has ~83% of domestic production capacity and ~66% market share with the downstream capacities configured to CSL’s resin quality Long-standing customer relationships The Sanmar Advantage Part of Specialty chemical division of Chemplast Sanmar. Largest manufacturer of Specialty Paste PVC resin in India • Manufactured at Mettur facility since 1968; 41 ktpa one-step process capacity added at Cuddalore in Q4- FY ‘24 • Primary raw materials include EDC, Ethylene, Chlorine and VCM (for 41 ktpa - Cuddalore facility) • In-house capacity to manufacture significant portion of EDC and all of VCM requirements for the backward integrated capacity of 66 ktpa. This provides flexibility in operations and reduces dependence on external suppliers. • High repeat business – customer stickiness Key growth drivers • India is heavily import-dependent - import substitution opportunity • Enough headroom to grow – no capacity expansions have been announced – technology is a barrier • Growing demand in end-user industry driven by low per capita consumption • Customer stickiness
Page 19
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 2. Custom Manufactured Chemicals 19 Renowned for our Sustainability, Environmental and Safety stewardship Professional management with high standards of ethics and integrity Proven track record of execution, with a long history of partnerships with global originator and innovator companies Extremely careful with the intellectual property of our customers Ability to handle complex chemistries and complex chemicals due to our process technology, process improvement and product development capabilities. World-class research and development capability combined with a broad range of chemical technologies at production scale Highly qualified engineers and chemists Benefit and advantage of having facilities with land available for future expansion Proactive investment in ‘best in class’ hardware - production blocks, lab and pilot capabilities, process safety labs The Sanmar Advantage Part of specialty chemicals division of Chemplast Sanmar; growing rapidly on the back of 15 years of long-standing client relationships • Quality manufacturing at Berigai facility in a safe and sustainable manner • Custom manufactures starting materials, advanced intermediates and active ingredients for global innovator companies – ‘One Product to One Customer’ strategy • Wide range of chemistry capabilities such as cyanation, hydrogenation, liquid purification etc. • In-house process research, process engineering and large-scale manufacturing capabilities, making it a one-stop shop manufacturing of newly discovered molecules Capacity (in mt) Key growth drivers • India’s share in the global outsourced Agro CMC market increasing at a faster pace of 10%- 12% • Increasing EU regulatory constraints • ‘China +1’ strategy - India to be a focus region as companies move away from China for custom manufacturing • Higher penetration of API manufacturing in India 1068 5410 2000 1432 910 Existing Phase 1 Phase 2 Phase 3 Current state Commissioned (Sep ’23) Commissioned (Dec ’24) Commissioned (May ’26)
Page 20
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 Mettur Location Commissioned 2 ktpa (existing R22 converted as a swing plant) Further capacities being added 3. Expanding Horizons in Fluorine Chemistry and Refrigerant Science - logical extension from R22 20 Smaller Impact on Environment R-32 has zero ODP (Ozone Depletion Potential) Low GWP (Global Warming Potential), i.e., 675, lower than the GWP of currently used R-410A or R-22. High Energy Efficiency Lower peak power use helps ease grid load during high-demand periods Low Flammability R-32 (Class 2L) has a low burning velocity, minimizing flame spread and reducing fire hazards. Risk assessments confirm R-32's safe use in equipment with minimal fire risk. Growing market India’s demand for Room Air Conditioning is growing strongly Attractive project economics Fluorination Chemistry One of the earliest producers of Refringent gases and Chloromethanes in India. Chloroform from Mettur plant is used as input for R-22 production. Expertise in R22 Commenced Refrigerant Gas operations in October 1988 at Mettur, Tamil Nadu, manufactures hydrochlorofluorocarbons (HCFCs / R22) – capacity of 1,700 mtpa Company manufactures and markets HCFCs under the brand name Mettron. Benefits of R32 Rationale End User Market • Residential Air Conditioning • Commercial Air Conditioning • Industrial Refrigeration & Cold-chain • Refrigerated trucks and trailers R32
Page 21
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 Part of Value-added chemicals division of Chemplast Sanmar; these complete the integration story of the company 4. Caustic Soda | Hydrogen Peroxide | Chloromethanes 21 Caustic soda Hydrogen Peroxide Chloromethanes Capacity 119,000 mtpa Capacity 34,000 mtpa Capacity 35,000 mtpa • Generated as a joint product in the process of manufacture of chlorine • Sold at 48-50% concentration to customers • Part of downstream integration as a value-added product • Plant is designed for a capacity of 34,000 tons per year of 50 percent concentration. Production process adopted is environment- friendly • Refers to a group of products namely, Methyl Chloride, Methylene Dichloride, Chloroform and Carbon Tetra Chloride • Part of downstream integration as a value-added product Significant capacities coming up pressuring industry economics Demand / supply imbalance putting significant pressure on prices and margins The Sanmar Advantage Diversified product portfolio and customer base
Page 22
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 5. Suspension PVC 22 Strong customer relationships with a diversified dealer/ customer network Leadership position in South India Largest manufacturer of S-PVC (1) in South India and second largest in India • Manufactured at Cuddalore facility since 2009; 331 ktpa capacity • This facility has a captive import terminal facilitating VCM imports for PVC production • One-step non-integrated manufacturing process 1. Through its wholly owned subsidiary, Chemplast Cuddalore Vinyls Limited (‘CCVL’) Sustained Chinese dumping continues to pressure realizations and overall margins Ongoing global supply-demand imbalances continue to weigh on spreads
Page 23
Key Strengths
Page 24
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 Key Strengths Chemplast Sanmar Limited ‣ Close to six decades track record ‣ State-of-the-art manufacturing units at strategic locations ‣ Significant expansion projects – Speciality chemicals ‣ Steady growth industry ‣ Strong focus on sustainability ‣ Committed leadership team with eminent board 24
Page 25
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 1. Over five decades track record 25 2009 Established the greenfield Suspension PVC facility at Cuddalore. 2007 Commissioned the Marine Terminal and EDC Plant at Karaikal 2003 Acquired the Cuddalore Caustic Soda facility from Kolkata Producers Ltd. 1997 Expanded PVC resin manufacturing capacity to 60,000 MTPA. 1967 Commenced PVC resin production at the Mettur facility. 1962 Established Chemicals and Plastics India Limited. 2013 Expanded the Speciality Paste PVC capacity at Mettur to 66,000 MTPA and the Suspension PVC capacity at Cuddalore to 3,00,000 MTPA. 2019 ● Commissioned the Hydrogen Peroxide plant at Mettur. ● Demerged the Suspension PVC business at Cuddalore. ● Completed the merger with Sanmar Speciality Chemicals Limited 2021 Commissioned the Hydrogen Peroxide plant at Mettur. Demerged the Suspension PVC business at Cuddalore. Completed the merger with Sanmar Speciality Chemicals Limited 2022 Increased Suspension PVC capacity to 3,20,000 MTPA through brownfield debottlenecking initiatives. 2026 ● Successfully ramped up the Paste PVC plant in Cuddalore to full operating capacity, consistently delivering 100% utilisation. ● Commenced commercial production of R32 refrigerant gas in May 2026 Multipurpose Block 3 Phase 3, CMCD commenced commercial production in May 2026. 2024 ● Commissioned the new Speciality Paste PVC facility at Cuddalore, adding 41,000 MTPA of capacity. ● Commissioned Phase II of the multipurpose block within the Custom Manufactured Chemicals Division 2023 Commissioned Phase I of the new multipurpose block within the Custom Manufactured Chemicals Division. Responsible Chemistry
Page 26
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 • The site consist of 4 plants with high degree of integration • Zero liquid discharge facility • Sourcing of power from a captive power plant of 48.5 MW • Access to salt fields at Vedaranyam, a key raw material • Fully equipped, Multi-purpose facility • Fully automated with distributed control systems and modern technologies • Capability to support development work in various chemistries at the laboratory scale and pilot scale • Zero liquid discharge plant | Desalination plant • Captive terminal for import of feedstock and sale of product • Two captive power plants of 8.5 MW and 3.5 MW • Double walled insulated cryogenic Ethylene storage tank with 4 kt capacity • Access to salt fields at Vedaranyam, a key raw material • Zero liquid discharge plant • Desalination plant • Captive terminal for import of feedstock • Two refrigerated VCM storage tanks with a capacity of 7,500 mt each. Cuddalore, Tamil Nadu 2. State-of-the-art Manufacturing Units… 26 Location 01 Mettur, Tamil Nadu Berigai, Tamil Nadu02 03 Karaikal, Puducherry 04 • Paste PVC – 66 ktpa • Hydrogen Peroxide – 34 ktpa • Chloromethanes – 35 ktpa • Refrigerant gas (R32) – 2ktpa** • Custom manufacturing – 4,500 mtpa • EDC – 84 ktpa (Captive purpose) • Suspension PVC - 331 ktpa • Paste PVC – 41 ktpa Combined Caustic Soda capacity of 119 ktpa, manufactured at Mettur and Karaikal ** This facility acts as a swing plant between R22 and R32
Page 27
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 Karaikal Plant Mettur Plant Salt 400kt (Vedaranyam) Power Plant 12 MW Electrolysis EDC 84 kt Gas Ethylene Chlorine State Grid … with a High Degree of Backward Integration Coal Power Plant 48.5 MW Electrolysis Caustic Soda Methanol Imported EDC Paste PVC 66 kt Chlorine Chloromethanes 35 kt Hydrogen Hydrogen Peroxide 34kt HCl HCl VCM 70 kt Externally Procured By Product Product Sold Quantity of EDC manufactured at Karaikal plant and the EDC imported will depend on the relative pricing vis- à-vis international markets 27 Caustic Soda Ref. Gases Backward Integration Paste PVC ✓ CMC division NA R-32 Partially integrated Caustic Soda ✓ Hydrogen Peroxide ✓ Chloromethanes ✓ Suspension PVC New Paste PVC (Cuddalore)
Page 28
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 3. Significant expansion projects – Speciality chemicals 1,068 mtpa Starting point (2021) 5,410 mtpa Current capacity Custom Manufacturing USD 2 Billion Addressable market size* • Commissioned Phase 1 of new multi-purpose production block (‘MPB’) in Sep ‘23 • Commissioned Phase 2 of multi-purpose block (‘MPB’) in Dec’24 • MPB 3 Phase 3 plant was commissioned in May ’26. Civil & infrastructure work for the next MPB is targeted for completion by Q3 FY ‘27 • Facility being enhanced at Berigai – will leverage on the existing infrastructure available at the location • Customer engagements and new product development efforts advanced as expected with a healthy pipeline, supported by a senior hire in key markets like Japan and Europe to further strengthen customer relationships. 2,000 mtpa Phase 1 1432 mtpa Phase 2 28 Commissioned (Sep ’23) * Management Estimates Commissioned (Dec’24) 910 mtpa Phase 3 Commissioned (May ’26)
Page 29
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 4. Steady Growth Industry… 29 Specialty Paste PVC Suspension PVC Custom Manufactured Chemicals Products Key Highlights End user Addressable Market Size* Chemplast Sanmar Position • India heavily import dependent • Enough headroom to grow – no capacity expansions announced – technology is a barrier • Customer ‘stickiness’ • India heavily import dependent • Demand growing at a fair clip • New capacities announced are not enough to meet growing demand • Global supply demand imbalance creating pressure on margins • India set to outpace global Agro-CMC market - AIs and advanced intermediates • ‘China + 1’ play • High margin business • Predominantly leather cloth followed by mats, gloves etc. • Leather cloth caters to footwear, auto upholstery and other upholstery segments • Predominantly for pipes used for water conveyancing, construction etc. • Other segments like window profiles, furniture are fast growing • Market leader in India – first to seed the product in India – Leadership position strengthened further post the 41 ktpa capacity addition in FY ‘24 • 2nd largest in India and largest player in South India • Dominant presence in South and East markets • Feedstock tie-up key to expansion • Capital intensive • Agri and Pharma innovators • Top priority for capital allocation - will drive growth for CSL going forward • CSL’s track record in customer relationships helping in winning new orders 192 kt 4.3 million mt ~ USD 2 billion *Management Estimates - March 2026 ‘mtpa’ stands for metric tons per annum; ‘ktpa’ stands for kilo tons per annum
Page 30
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 … with CSL’s unique position to capitalize on it Leverage Existing Infra Owns vacant industrial land and other infrastructure for future leg of expansion High Safety & Quality Standards High standards of Environmental, Health and Safety compliance, extended customer validation and approvals process, ongoing process innovation and optimization, high-quality standards and stringent specifications Ability to Handle Feedstock Significant expertise is available within the Chemplast ecosystem in processing and handling complex chemicals such as Chlorine, Ethylene dichloride, Fluorine, Peroxides, Chlorosilanes and Sodium Cyanide Technology not available on License Paste PVC manufacturing technology is closely guarded and is not readily available on license Long term relationships With feedstock suppliers & customers Complex Chemistry Well-renowned in the industry for our chemistry strengths & ability to handle complex chemicals 01 03 05 06 02 04 30
Page 31
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 5. Strong Focus on Sustainability… 31 • Zero liquid discharge policy • Desalination plants at coastal facilities - avoid usage of groundwater • Rain water harvesting & ground water recharging capacities at Mettur facility Environment Friendly Practices Health & Safety Measures • Transport safety - Installation of speed control & safety systems in trucks • Process safety – PSM, BBS • Personnel safety – PPE • Harmonious relationship with neighboring communities • Receive enquiries from potential customers focused on sustainability • Reduce power and water cost Pioneers in Zero Liquid Discharge • Installed Zero Liquid Discharge (ZLD) facilities at its Mettur plant • In Cuddalore and Karaikal, ZLD has been the norm right since the inception of the units • In Sep ’09, Chemplast became the first chemical manufacturer to achieve 100% ZLD in all its plants Annual sustainability reports published for over a decade
Page 32
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 … with various awards & recognitions 32 Key AwardsAccreditations Sword of Honor British Safety Council 2020, Cuddalore 5-Star Rating British Safety Council Cuddalore, Mettur (All Plants) Sword of Honor British Safety Council 2021, Mettur Plant 2 ECOVADIS SILVER MEDAL ICC’s Award for Excellence in Management of Environment 2021 Star Award from National Safety Council FICCI Sustainability Award Excellence in Safety (Petrochemicals) 2017 Sustainability CSR Safety Safety FICCI Safety system Excellence Award 2019 Safety One of the two winners of the ‘Sustainability Award for Carbon Reduction’ presented by Syngenta, a global innovator and a key customer of the Custom Manufactured Chemicals Division Sword of Honor British Safety Council 2023, Plant 1 & 4, Mettur & Karaikal
Page 33
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 Prashanth Vasu Non Executive & Non- Independent Director 6. Committed Leadership Team With Eminent Board 33 Aditya Jain Independent Director Dr. Lakshmi Vijayakumar Independent Director Sanjay Bhandarkar Independent Director Prasad Menon Independent Director Vijay Sankar Chairman & Non Executive Director S GaneshKumar Managing Director Dr. Krishna Kumar Rangachari Business Head - Custom Manufactured Chemicals Division A R Balaji Chief Financial Officer Padmanabhan Srinivasan Company Secretary & Compliance Officer Distinguished Board of Directors Experienced Management Team Vikram Hosangady Independent Director Mukund Iyer Deputy Managing Director M Shanmugananth Deputy Managing Director
Page 34
Historical Financials
Page 35
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 Historical Segmental Highlights 35 Rs. Cr Speciality Chemicals^ Value-added Chemicals# Suspension PVC Total* mt Revenue Break-upSales Volume 1,310 1,122 980 1,464 1,537 FY '22 FY '23 FY '24 FY '25 FY '26 700 819 503 623 501 FY '22 FY '23 FY '24 FY '25 FY '26 1,45,917 1,56,820 1,41,379 1,68,333 1,34,587 FY '22 FY '23 FY '24 FY '25 FY '26 5,11,761 5,52,219 5,38,545 5,66,556 5,68,946 FY '22 FY '23 FY '24 FY '25 FY '26 66,576 70,392 71,525 98,339 1,14,651 FY '22 FY '23 FY '24 FY '25 FY '26 2,99,268 3,25,007 3,25,641 2,99,884 3,19,708 FY '22 FY '23 FY '24 FY '25 FY '26 5,892 4,941 3,923 4,346 4,224 FY '22 FY '23 FY '24 FY '25 FY '26 “mt “stands for metric tons ^ - specialty chemicals comprises of Paste PVC, CMCD and Refrigerant gas # - VAC includes Caustic Soda, Chloromethanes & Hydrogen Peroxide *- Consolidated revenue excludes inter-company sales between CSL & CCVL 3,883 3000 2,440 2,259 2,186 FY '22 FY '23 FY '24 FY '25 FY '26
Page 36
#41AE49 #4579BD #00AEEF #25408F #6C3F98 #7670B4 Performance Trend Revenue EBITDA PAT Net Debt All computations are on consolidated basis 20% 9% Rs. Cr Margin1% 36 1197 468 26 219 198 FY '22 FY '23 FY '24 FY '25 FY '26 5,892 4,941 3,923 4,346 4,224 FY '22 FY '23 FY '24 FY '25 FY '26 5% 649 152 (158) (110) (280) FY '22 FY '23 FY '24 FY '25 FY '26 (362) (184) 741 1,117 1,419 FY '22 FY '23 FY '24 FY '25 FY '26 5%
Page 37
Chemplast Sanmar Ltd. CIN- L24230TN1985PLC011637 Harish Sridhar - Investor Relations grd@sanmargoup.com www.chemplastsanmar.com Company Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285 Shikha Puri / Aashaka Thakar shikha.puri@sgapl.net/ aashaka.thakar@sgapl.net +91 9819282743 / +91 9328603124 www.sgapl.net Investor relations advisor http://www.sgapl.net/images/sgapl_logo.jpg Thank You!