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Investor Update Q4 FY25
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One of India’s New-age And fastest growing conglomerates Strong workforce of 50,000+ employees, belonging to different nationalities Presence in 60+ countries 100+ offices worldwide RPSG group: Building a diversified conglomerate Power Consumer & Retail Education & Infrastructure Sports Chemicals Media & Entertainment IT-Enabled Services * All figures as on FY24 FMCG Group turnover of ₹ 36,509 Cr. (~ US$4.4 Bn) Over 1.1 Million Shareholders Asset base of > ₹ 60,590 Cr. (US$7.3 Bn) EBITDA of ₹ 7,122 Cr. (~US$855 Mn) Plantations 2 PCBL Chemical Q4FY25 Investor Presentation
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PCBL Chemical- A Global Specialty Chemical Player India's largest & world's 7th largest carbon black producer with a capacity of 790KTPA across 5 locations Rubber Black capacity of 678 KT &Specialty Blacks capacity of 112 KT Green power generation capacity of 122 MW Among top 3 producers of phosphonates globally - India’s largest phosphonate producer Focus on new product development and green chemistries Key Metrics CountriesRevenue from Specialty Chemicals Manufacturing facilities Supply chain points Customers of Specialty Chemicals across all applications Grades (Tyre, Performance, Speciality, Water treatment) Production capacity of 130KT. Manufacturing Plants in India, USA & Saudi Arabia Nano-silicon - Advanced superconductive materials for next-gen batteries R&D and Innovation centre Rubber Black &Specialty Blacks Water Treatment, Detergents and Oil & Gas Chemicals Battery Chemicals 275+ Products. Phosphonate accounts for over 50% revenue Key applications across home care, industrial water treatment, oil & gas, pharma, textile and pulp & paper industries Conductive Furnace Blacks- Specialized application viz. conductive plastics, paints and coatingTargeting ~50% capacity addition over the next 5 years R&D- Rapidly expanding specialty portfolio- Plans to double in next 5 years 3 Acetylene Black- High end conductive material for high voltage power cable & semiconductor packaging Creating indigenous ecosystem for battery chemical value chain PCBL Chemical Q4FY25 Investor Presentation
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Diversified Product Portfolio Key Customers 4 Volume share(%)-FY25 PCBL Chemical Q4FY25 Investor Presentation 38% 25% 14%
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Strategically located plants provides competitive advantage Key Metrics 5 5 Texas USA Jeddah KSA Mahad & Pirangut Maharashtra Durgapur West Bengal Chennai Tamil Nadu Vadodara Gujarat Mundra Gujarat Kochi Kerala PCBL Manufacturing unit Aquapharm Manufacturing unit PCBL Chemical Q4FY25 Investor Presentation India, 63% Global, 37% PCBL Chemical India, 34% Global, 66% Aquapharm Chemicals Tyres, 58% Performance , 31% Specialty, 10% PCBL Chemical Oil & Gas, 31% Detergents, 36% Water Treatment , 18% Others, 15% Rs. 8,404 Crs 5,96,262 MT Rs. 1,431 Crs 95,806 MT Aquapharm Chemicals 5
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Aquapharm Chemical- Key Product Portfolio & its Diverse Applications Major ApplicationSegments A. Household, Industrial & Institutional cleaning Phosphonates improve detergency in household and industrial cleaning Acts as scale inhibitors Premium-grade phosphonates and green chelates for eco-friendly detergents Acts as an anti-incrustation agent for fabrics Key Products D. Others ACCL is used in the synthesis of aspirin to acetylate salicylic acid to increase stability and reduce irritation Biocide controls microbial growth in water Application across the Pharma, Agrochemical and Wood processing industry Biocides, Acetyle Chloride Phosphonates, Polymers, Green Chelates B. Industrial Water Treatment Polymers, Phosphonates, PBTC Imidazoline, Quats, Triazine, Phosphonates, Bicodies C. Oil & Gas Polyacrylic and polymaleic based polymers, used across water treatment, RO, scale inhibitors Polymers and Specialty blends play a critical role in providing safe and clean water Improves the integrity of infrastructure assets by inhibiting scaling and corrosion 13% 44% 16% 27% Revenue Share (FY25) Flow enhancers, Corrosion inhibitors, Biocides, Scale inhibitors Removes Hydrogen sulfide (H2S) in hydrocarbon production facilities Prevents corrosion, enhances fluid performance and provides emulsification Protection against microbial growth 6 PCBL Chemical Q4FY25 Investor Presentation
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Nanovace - Powering the Future of Battery Innovation An IP-led, innovation-driven technology addressing key challenges in battery Performance, Cost and Sustainability — empowering a new wave of EV adoption Extended battery Range with nano-silicon integration Longer Battery Life Faster Charging with no Performance Loss Reduction in CO2 emissions during Production Cost Effectiveness World’s First UniqueTechnology Platform Conversion of Silicon precursors to battery grade Nano Silicon composites using a single-stage, green electrochemical process. Innovative, low-cost proprietary technology to transform the battery industry Global demand for LiB expected to grow at ~22-25% CAGR Pilot plant to be commissioned in Palej, Gujarat in 2025 7 To participate in fast-growing/profitable battery global market with innovative technology PCBL Chemical Q4FY25 Investor Presentation
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8 Summary of Consolidated Performance for the Quarter ended March 31, 2025 PCBL Chemical Q4FY25 Investor Presentation 1,42,544 1,50,152 8 332 317 Q4FY24 Q4FY25 88,264 86,737 54,280 63,415 Q4FY24 Q4FY25 Domestic Export 15,458 15,372 Q4FY24 Q4FY25 1,929 2,087 Q4FY24 Q4FY25
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9 Summary of Consolidated Performance for the year ended Mar 31, 2025 PCBL Chemical Q4FY25 Investor Presentation 5,31,849 5,96,262 9 6,420 8,404 FY24 FY25 1,074 1,384 FY24 FY25 3,31,241 3,51,761 2,00,608 2,44,500 FY24 FY25 Domestic Export 57,247 62,450 FY24 FY25
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Q4FY25 & FY25 Key Highlights Consolidated EBITDA/MT for Carbon Black for Q4FY25 stood at Rs. 17,655/- & for FY25 at Rs. 19,930/- Consolidated revenue from operations in the quarter increased by 8% YoY to Rs. 2,087 Cr. PBT stood at Rs. 126 crs in Q4FY25. PCBL reported a 5% YoY growth in sales volume to 1,50,152 MT in Q4FY25 as compared to 1,42,544 MT during Q4FY24. In FY25, Aquapharm Chemicals reported revenue of Rs. 1,431 Cr with EBITDA of Rs. 194 Cr. Capacity utilization in Aquapharm is 70%+. Sales volume stood at 95,806 MT during the year. 10 In the process to acquire 116 acres of land in Andhra Pradesh for setting up its 6th CB manufacturing unit. This new facility will focus on producing rubber- blacks, performance chemicals and specialty chemicals. Green Power Generation increased by 10% YoY to 738 MU during FY25 with external sales volume of 436 MU. PCBL Chemical Q4FY25 Investor Presentation PCBL added 20,000 MTPA Specialty Blacks capacity in Mundra in FY25 taking the total specialty black capacity to 112,000 MTPA. Specialty Black sales volume increased 9% YoY to 62,450 MT in FY25. During FY25, PCBL Chemical Ltd. reported highest ever (a) EBITDA, (b) Carbon Black sales volume, (c) Specialty Black sales volume, (d) Power sales volume and achieved consolidated revenue of $1bn+ PCBL has signed a technology transfer agreement with a Chinese company for acetylene black capacity, which finds application in high-voltage cables, batteries, semiconductor packaging, conductive plastics, paints & coatings. 10 In FY25, consolidated revenue from operations increased by 31 % YoY to Rs. 8,404 crore from Rs.6,420 crore in FY24 while EBITDA increased by 29% YoY to Rs. 1,384 Cr. PBT for the year stood at Rs. 577 Cr.
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11 Operational Performance FY25 Specialty Blacks sales volume increased by 9% YoY to 62,450 MT FY25 Green Power generation increased by 10% FY25 carbon black Sales volume increased by 12% YoY backed by 22% growth in export volumes Net realization from Power sales stood at Rs. 4.2/kWh during the quarter PCBL Chemical Q4FY25 Investor Presentation 1,42,544 1,50,152 *MU- Million Units 11 82,241 90,080 44,846 44,700 15,458 15,372 Q4FY24 Q4FY25 Tyres Performance Specialty 3,26,565 3,48,157 1,48,038 1,85,655 57,247 62,450 FY24 FY25 Tyres Performance Specialty 5,31,849 5,96,262 Sales Volume (MT) (Yearly)Sales Volume (MT) (Quarterly) 671 408 738 436 Units Generated Units Sold Power Generation & Sales (MU) FY24 FY25
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Future Outlook Brownfield capacity expansion of PCBL(TN) facility by 90,000 MTPA Carbon Black and 12 MW Green Power. First phase of 30,000 MTPA to be commissioned in next few weeks and 2nd phase of 60,000 MTPA along with 12MW Green Power by FY26 end. This would take total Carbon Black capacity to 8,80,000 MTPA and Green Power capacity to 134 MW in FY26. Tyre industry growth outlook both in India as well as at global industry level, continues to remain positive. With EV penetration rising across two-wheelers and passenger vehicles, we expect replacement demand to remain positive. PCBL anticipates continuous growth in international sales volumes over the next few years, driven by expansion into new geographies, moving up the value chain and the launch of new specialty grades. Aquapharm Chemicals’ expansion projects of 38,000 MTPA is nearing commissioning. This would accelerate the growth in sales volume in the coming year. Aquapharm is also evaluating brownfield capex across all manufacturing locations including the US. 12 The demand for speciality products continues to be resilient. The end demand of carbon black from masterbatch, paints, inks and fibre maintained a stable trajectory. PCBL is participating in the fast-growing battery chemicals market through its JV, Nanovace Technologies. Plans to manufacture nano-silicon which is to be used in anodes of Li-ion batteries. The pilot plant is under construction and should be ready in the next few months. PCBL Chemical Q4FY25 Investor Presentation 12 Plan to cross 1 million MTPA carbon black capacity by FY28. Plan to set up a 1,000 MTPA Specialty Blacks capacity dedicated for super conductive grades and is expected to be completed by the end of FY26. Plan to set up an initial capacity of 5,000 MTPA Acetylene black capacity by FY27 at Mundra. Business outlook for Aquapharm remains robust with expansion projects nearing commissioning. Aquapharm expects strong growth in revenue and EBITDA in FY26.
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13 Consolidated Financial Performance Income Statement (In ₹ Crs) Q4 FY25 Q3 FY25 Q4 FY24 FY 2025 FY 2024 Revenue from Operations 2,087 2,010 1,929 8,404 6,420 Other Income 20 11 23 47 37 Revenue from operations 2,107 2,021 1,952 8,452 6,457 YoY Growth % 8% 21% 17% 31% 11% Cost of Materials (including change in inventory) 1,477 1,385 1,318 5,810 4,467 Employee Benefit Expense 109 105 81 413 250 Other Operating Expense 204 203 221 846 666 EBITDA 317 328 332 1,384 1,074 EBITDA % 15% 16% 17% 16% 17% Finance Cost 103 117 108 461 181 Depreciation and amortization expense 88 87 75 346 217 Profit Before Taxes 126 124 149 577 676 Taxes 26 31 38 142 185 Profit After Tax 100 93 111 435 491 Diluted EPS (₹ /Share) 2.7 2.5 2.9 11.5 13.0 PCBL Chemical Q4FY25 Investor Presentation 13
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14 Consolidated Balance Sheet and Cash Flow Statement Balance Sheet (In ₹ Crs) 31-Mar-25 31-Mar-24 Equity And Liabilities Equity Share Capital 38 38 Other Equity 3,671 3,213 Borrowings (Current & Non Current) 5,380 4,820 Deferred tax liabilities (Net) 289 871 Other Non - Current Liabilities 180 187 Trade Payables 1,595 1,802 Other Current liabilities 569 365 Total 11,722 11,295 Assets Fixed Assets (includes Right-of-use assets) 7,326 7,325 Investments (Current & Non Current) 516 433 Other Non Current Assets 155 135 Cash and Cash Equivalents 389 385 Inventories 1,268 999 Trade Receivables 1,794 1,710 Other Current Assets 274 308 Total 11,722 11,295 Cash Flow Statement (In ₹ Crs) 31-Mar-25 31-Mar-24 Cash Flow from Operating Activities Profit Before Tax 577 676 Adjustment: Non-Cash and Other Income / (Expense) 769 353 Operating Cash before Working Capital 1,346 1,029 Add/Less: Working Capital Changes (408) 292 Less: Income Taxes Paid (178) (216) Net cash generated from Operating Activities (A) 760 1,105 Cash Flow from Investing Activities Capital Expenditure, net (764) (533) Proceeds from Current Investments 52 14 Payment towards acquisition of subsidiary - (3,708) Other Investment Activities 22 12 Net cash generated from / (used in) Investing Activities (B) (690) (4,214) Cash Flow from Financing Activities Net Increase in Borrowings 554 3,803 Proceeds from issue of share warrants 112 - Net Proceeds from issue of Equity Shares & Compulsory Convertible Debenture (CCDs) to Non-Controlling Interest 0 - Dividend Paid (208) (208) Net Interest Paid (475) (165) Payment of Lease Liabilities (47) (49) Net cash generated from / (used in) Financing Activities (C) (64) 3,381 Net (decrease) / increase in Cash and Cash Equivalents 6 272 Opening Cash and Cash Equivalents 312 40 Closing Cash and Cash Equivalents 318 312 PCBL Chemical Q4FY25 Investor Presentation 14
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15 Statement in this “ Investor Update” describing the Company’s objectives, projections, estimates, expectations or predictions may be “ forward looking statements” within the meaning of applicable securities law and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the Company’s operations include demand supply conditions, finished goods prices, availability and prices of raw materials, changes in the government regulations, tax regimes, economic development within India and the countries within which the Company conducts business and other factors such as litigations and labour negotiations Cautionary Statement PCBL Chemical Limited Corporate Office: RPSG House, 4th Floor, 2/4 Judges Court Road, Kolkata – 700 027, West Bengal, India For any further information, please write to investor_relations@rpsg.in Company Details: PCBL Chemical Q4FY25 Investor Presentation 15