Slide 1: Exchange filing cover letter
Date: 6th February 2025 BSE Limited (BSE) National Stock Exchange of India Limited (NSE) Department of Corporate services Exchange Plaza, Phiroze Jeejeebhoy Towers Plot no. C/1, G Block, Dalal Street, Mumbai – 400023 Bandra-Kurla Complex, Bandra (E), Mumbai – 400051 Scrip Code: 500136 Symbol: ESTER
Slide 2: Investor Presentation Feb 2025
yestor Presentation IES LTD. Feb, 2025
Slide 3: Forward-looking statements disclaimer
Certain statements in this document may be forward-looking statements. Such forward- looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause actual results to dif
Slide 4: About Us; Q3 & 9M FY25 Results Highlights; JV with Loop Industries
About Us Q3 & 9M FY25 Results Highlights Key Developments – JV with Loop Industries Inc 3
Slide 5: Diversified business portfolio
Diversified business portfolio Sales Mix (Q3FY25) Comprehensive product suite Polyester Chips State-of-the-art manufacturing facilities & Films Segment 87% Global footprint Specialty Experienced management team Polymers Segment 13% Healthy financial Position JV with Loop – A path breaking initiative
Slide 6: About Ester: key facts
1985 GURGAON, INDIA #2 Year of Incorporation Corporate Headquarters Business Segments* 525 – EIL - KHATIMA, About 50 COUNTRIES SITARGANJ, GURGAON CRISIL A - (Industry Outlook – Negative) 142 – EFL – HYDERABAD, Gurgaon Global Footprint Permanent People Credit Rating (Long Term) PF - Polyester Film; S
Slide 7: Manufacturing locations
Sitarganj Haryana Uttarakhand Gurgaon Khatima Telangana Corporate Headquarter Manufacturing facility 6
Slide 8: We serve about 50 countries
We serve about 50 Countries 7
Slide 9: Q3 & 9M FY25 Results Highlights
8
Slide 10: Standalone results
Particulars (Rs.cr) Q3 FY25 Q3 FY24 % 9MFY25 9MFY24 % Total Income 277 211 31 823 662 24 EBITDA (including Non operating income) 44 (2) - 98 14 600 Margins (%) 15.9 - - 11.9 2.1 +980 bps PAT 19 (16) - 28 (34) - Margins (%) 6.7 - - 3.4 - - Better product mix & geography mix especially in Film busin
Slide 11: Consolidated results
Particulars – (Rs.cr) Q3 FY25 Q3 FY24 % 9MFY25 9MFY24 % Total Income 351 272 29 977 810 21 EBITDA (including Non operating income) 65 (15) - 125 (6) - Margins (%) 18.5 - - 12.7 - - PAT 25 (45) - 12 (97) - Margins (%) 7.1 - - 1.2 - - Specialty Polymers’ contribution in total income: Rs. 34 crore in
Slide 12: Cash flow April to Dec 2024
Cash flow (April 24 to Dec 2024) Rs. / Crore Nature S. No: Particulars Total 1 Opening Cash & Bank and other Bank Balance 117 1a Investment as on 1st April 2024 69 2 Profit before tax 21 Operating 3 Depreciation 52 Operating Source 4 Unrealized foreign exchange loss on FLC-OLB & IDFC 0 Operating Sub
Slide 13: Chairman's comments on results
Commenting on the results, Mr. Arvind Singhania, Chairman, Ester Industries said: “We are pleased to report that we have not only sustained the business momentum from previous quarter but have further accelerated it during Q3 as can be seen from the revenues and profitability growth. While both our
Slide 14: Specialty Polymer
eo q ESTER INDUSTRIES LTD. Specialty Polymer
Slide 15: Largely IP protected business
Customer High entry Largely IP retention barriers – High margin Marquee protected ensured as Export oriented patent business clientele business largely patent protected protected 14
Slide 16: Business opportunity: stain resistant carpet master batch
Problem Solution Business Opportunity USA, largest High cost towards carpet stain removal Flexible low cost solution producer of Carpets Stain marks on (nylon) carpets given Ester has developed a PET based master & Rugs boasts of spillover / spillage of liquid shortens its batch, which imparts p
Slide 17: Innovative PBT polymers
• Regularly manufacturing & supplying Innovative Polybutylene Terephthalate (PBT) polymers to a global chemical `leader • Ester Industries is amongst the only Q3 Q3 Q2 9M 9M company globally equipped with the FY25 FY24 FY25 FY 25 FY 24 expertise and infrastructure to manufacture Volume (MT) 333 314
Slide 18: Applications
Consumer electronics Polyethylene Terephthalate (PET) Textile – Flame Retardant, Deep dyeable master batches, Cationic dyeable master batch Applications Polybutylene Terephthalate (PBT) Carpets – Stain Resistant Master Batches Products Carpets – Deep Dyeable Master Batch Polyethylene Naphthalate (PE
Slide 19: Specialty Polymer performance
Figs. in cr Particulars Q3 FY25 Q3 FY24 % 9MFY25 9MFY24 % Volumes (MT) Sales 1155 558 106 3,353 1,683 99 Q3FY24 Q3FY25 (Vol's MT) Revenue 34 22 55 126 69 83 EBIT 10 0.2 45 13 246 314 Innovative PBT Margins (%) 29.4 0.9 +2,850 bps 35.7 18.8 +1,690 bps 333 Robust 9M performance driven by elevated vo
Slide 20: Packaging (BOPET) Film Business
ESTER INDUSTRIES LTD. Packaging (BOPET) Film Business 19
Slide 21: Global and domestic scenario
Global Scenario: Domestic Scenario: Demand growth of 5.5% - 6.0% Strong double digit growth rate of 11%-13% pa over past 6 years BOPET film used in flexible packaging applications will continue to be the key end use sector, accounting for Low per capita consumption of BOPET; new innovative n
Slide 22: Film business at a glance
108,000 23,200 #37 MTPA MTPA Years of experience Polyester Film capacity Metallized Polyester Film capacity (including Telangana capacity) (including Telangana capacity) About 67,000 Telangana 50 27% MTPA Plant Export market Share of value-added Polyethylene Terephthalate Commercial production (# of
Slide 23: Product mix toward value added products
Value Added (%) *Film & Chips Segment Domestic Exports 33 20% 20% 23% 31 (Rs.cr) Q4FY24 Q1FY25 Q2FY25 Q3FY25 38% 30 28 EBIT 0.3 0.4 21 40 80% 80% 77% 62% Margins (%) 0.1 0.2 8.4 16.6 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Pass through business model for raw material prices Raw Mater
Slide 24: Film applications
White Opaque High Clear Flexible Packaging High Barrier Embossable Barrier Packaging Applications Products Heat Saleable Twist Wrap Embossing Shrink film Anti - Static Lidding Metalized High Barrier Matte Label & Graphics 23
Slide 25: Film business performance
Figs. in cr Particulars Q3 FY25 Q3 FY24 % 9M FY25 9M FY24 % Sales (Vol’s MT) 13,530 12,816 5 36,998 38,170 (3) Revenue 240 182 32 686 570 - EBIT 40 (3) - 61 (0.4) - Margins (%) 16.6 - - 8.9 - - Better realizations coupled with higher volumes during the quarter resulted in revenue growth of 32% (Y-
Slide 26: Ester Filmtech Limited
Ester Filmtech Limited, a wholly-owned-subsidiary of Ester Industries Limited, commenced commercial production on 20th January 23 at new Polyester (BOPET) film manufacturing plant in the State of Telangana. Generated revenues worth Rs.90 crore and volumes of 6,698 MT during Q3FY25 Better prici
Slide 27: Ester Filmtech financials
Particulars – (Rs.cr) Q3FY25 Q2FY25 9MFY25 9MFY24 Sales Volume (MT) 6,698 7,425 20,624 18,699 Net Sales 90 99 266 201 Other Operating Income 1 1 3 1 EBITDA (including other non-operating income) 21 6 29 (20) Cash Profit 14 (2) 5 (44) PBT 8 (9) (15) (63) PAT 8 (9) (15) (63) EBITDA for Q2FY25 was impa
Slide 28: Emphasis on compliances
Emphasis on Compliances o Installed compliance management tool (developed by PWC) in 2015 to ensure adherence to statutory & regulatory Implemented Code of Conduct for compliances. Insider Trading, Whistle Blower Policy, Risk Management Policy, CSR Internal Audit o Audit of the compliance management
Slide 29: JV with Loop Industries, Inc
loa INDUSTRI®=" JV with Loop Industries, INC
Slide 30: JV with Loop Industries for recycled DMT and MEG
Entered into a JV with Loop Industries., Inc to produce a unique product offering of lower carbon footprint recycled ~US$ 28bn dimethyl terephthalate (“rDMT”), recycled mono-ethylene Global Mkt size: DMT and MEG specialty chemicals glycol (“rMEG”) in India, using the Infinite Loop technology The
Slide 31: Loop's depolymerization process
Loop’s low heat, no added pressure Loop’s process begins with waste PET plastic and polyester fiber of 1 2 depolymerization technology breaks down the waste PET into its base low or no value which today end chemical building blocks, or monomers: up in landfill, incineration or DMT and MEG1 natural a
Slide 32: JV project capacity, capex and returns
Output Products & Capacity: rDMT 70,000 MTPA; rMEG of 23,000 MTPA Estimated project capital expenditures: USD 165 Mn (Rs. 1,385 crore) Estimated Plant revenues: USD 159 Mn Rs. 1,336 crore (first full year of operation) Target EBITDA margins: ~35% Payback period: ~5 years JV Company by the name ‘Este
Slide 33: Regulatory push for recycled plastics
Zero plastic waste 2030 €800/tonne on 50% recycled content2 nonrecycled plastic Extended producer packaging based on responsibility2 amount of plastic 50% plastic packaging recycled by 2025 California requires plastic bottles contain >25% post-consumer resin by €450/tonne on virgin 202
Slide 34: Loop specialty chemicals target markets
Loop Specialty Chemicals (DMT and MEG) target markets Electronics Automotive Textile Cosmetics Rigid Flexible Packaging Packaging Loop DMT and MEG enable chemical companies to: Increase their Launch Contribute to sustainability new products supply chain product portfolio decarbonization 33
Slide 35: About Us
About Us: (CIN :- L24111UR1985PLC015063) Incorporated in 1985, Ester Industries Limited (EIL), a public limited company, is an ISO 50001:2018, ISO 45001:2018, ISO 14001:2015 and ISO 9001:2015 certified. Company is promoted by the Singhania family. The company is one of India’s leading producers of P
Slide 36: Thank You
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