Rhi Magnesita India Limited · NSE:RHIM
Rhi Magnesita India — Q1 FY27 Earnings Presentation
36 slides from Rhi Magnesita India's earnings presentation, Aug 11, 2026
Slide 1: Cover letter to stock exchanges
RHI MAGNESITA INDIA LTD. 19th & 20th Floor, DLF Square, M-Block, Phase II, Jacaranda Marg, DLF City, Gurugram, Haryana 122002 T +91 124 4299000 E corporate.india@rhimagnesita.com www.rhimagnesitaindia.com 11 August 2026 To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Tower
Slide 2: RHI Magnesita India Limited Investor Presentation Q1 FY27
RHI Magnesita India Limited Investor Presentation Q1 FY27 11th August, 2026
Slide 3: Agenda
Safety Key Highlights Financial Highlights Strategy Updates ESG Update RHIM India at a Glance
Slide 4: Health & Safety
Health & Safety Safety remains our highest priority, without exception ✓ Expanded Safety Culture Transformation program LTIF: 0.13 TRIF: 0.20 across manufacturing facilities, customer sites, and Q1 FY27 Q1 FY27 warehouses through Wave-2 of the Area of Transformation (AoT) program and Visible Felt Le
Slide 5: Safety Excellence Recognition
Safety Excellence Recognition Recognition of our Secured 3rd Position at Safety Excellence Awards commitment to zero-harm workplace 2026 by Government of Odisha Celebration our people and our culture Award Overview Recognition Highlights Rajgangpur plant secured III position at the Divisional level
Slide 6: Key Highlights Q1 FY27
CE RHI MAGNESITA Key Q1 FY27 Driving performance. Creating value. Building a stronger, sustainable future.
Slide 7: Key Highlights
Key Highlights Market Update ▪ Refractory industry is facing pricing pressure and rising competition from Global & regional entrants with brownfield and greenfield expansion. Industry is navigating through rising raw material, energy and logistics costs ▪ Steel producers reported a strong operationa
Slide 8: Financial Highlights
Financial Highlights Building performance Shaping progress
Slide 9: Q1 FY27 Vs Q4 FY26
Q1 FY27 Vs Q4 FY26 Revenue from Operating EBITDA Operating EBITDA % Shipment Operations ₹ 1,014 Cr ₹ 147 Cr 14.5% 122 KT 9% 30% 237 Bps 5% Operating Cashflow Adjusted EPS* Working Capital Net Cash/EBITDA Intensity ₹ 81 Cr ₹3.1 36% 0.3X -7% 66% 213 Bps 0.1x Consistent Value Creation in a Dynamic Envi
Slide 10: Performance Highlights
Performance Highlights Navigating Volatility with Improved Growth Revenue and Profitability ▪ Revenue increased quarter-over-quarter, driven by market share gain in the Steel segment Revenue from Operations (₹ Crores) ▪ Improved net realization through significant price increases Shipment (kt) acros
Slide 11: Profit and Loss Snapshot
Profit and Loss Snapshot ₹ Crores Q1 FY27 Q4 FY26 Q1 FY 26 Production: Production - KT 81 79 85 ▪ +2% vs Q4 FY’26 Shipment - KT 122 117 129 ▪ -5% vs Q1 FY’26 Avg realisation/MT 83,175 79,948 74,317 Income 1,023 957 961 Shipment: Revenue from operations 1,014 932 960 ▪ +5% vs Q4 FY’26 Other Income 9
Slide 12: Working Capital intensity and Cash Conversion
Azim Syed Working Capital intensity and Cash Conversion Finance Cash Conversion Efficiency Sustained Inventory days Inventory intensity Inventories (₹Crore) 28% 27% 29% 29% 23% Working capital (₹Crore) 1,102 1,099 1,164 1,058 987 113 106 101 112 118 37% 38% 38% 36% €98m €102m €92m €102m €108m 32% Ju
Slide 13: Net Cash Bridge Q1FY27 vs. Q4FY26
Net Cash Bridge Q1FY27 vs. Q4FY26 Strong Liquidity and a healthy Balance Sheet Net Cash/EBITDA* 0.14x 0.27x ₹ Crores +103% -52 -8 -7 -3 140 -6 6 140 69 Q4 FY26 Cash Profit Working Capital Capex Taxes Paid Realised Loss on Return on Others Q1 FY27 Hedge contract Mutual Fund * EBITDA for trailing 4 qu
Slide 14: Strategy
S RHI MAGNESITA Strateg Focused today. © ll' o) R FOCUS GROWTH VALUE Disciplined execution Expanding capabilities Delivering sustainable on our strategic and unlocking new value for all our priorities. opportunities. stakeholders.
Slide 15: Our Strategy
Our Strategy Building a Higher-Quality, Less Commoditized Industrial Solutions Business Outgrow the Expand 4PRO Digitization and Drive Cost Build Sustainability market contracts Technology Competitiveness Edge Drive above industry Evolve from product Enhance performance Drive efficiency and Advance
Slide 16: Ironmaking: Driving growth in a strong industry
Ironmaking: Driving growth in a strong industry Shaping the future of ironmaking solutions Ironmaking Industry in Strategic Initiatives Strategic Outlook India Iron Making ▪ Iron ore market projected to Establish and growing presence reach ~US$ 29.1 billion by 2030 Record Number of Blast furnace h
Slide 17: Why 4PRO Creates a Structural Advantage
@Why 4PRO Creates a Structural Advantage Transforming refractories from a transactional product business into a strategic performance partnership INDUSTRY REALITY The refractory industry remains highly commoditized, characterized by: ®2080 RESULT Fragmented market with numerous regional and global p
Slide 18: The beauty of 4PRO
The beauty of 4PRO What started as product differentiation expanded step by step into a broader solution model: Data Circular Integration Economy Supply Resilience Digitalization Robotics Automation M&A Machinery Performance Inventory Service Product 2000 2020 to 2025+ 2025 Foundational Era: Product
Slide 19: Why 4PRO is difficult to replicate
WHY 4PRO IS DIFFICULT TO REPLICATE Built on multiple interconnected strength Global R&D Complete and Refractory Innovation Portfolio Deep domain expertise built over decades in refractory applications Recycling & Process Circular engineering & Installed base and relationship economy application dept
Slide 20: 4PRO Revolutionizing Steelmaking in India
4PRO Revolutionizing Steelmaking in India: India’s First Complete Robotic Solution in Caster Operation Operational Success: Ladle Shroud Change Sampling and temperature measurements Shroud cleaning Open frozen Ladle (O2 Powder Feeding in Tundish Lancing) Commercial Momentum Successfully
Slide 21: Lining Evaluation Scan (LES)
Lining Evaluation Scan (LES) Digitalizing kiln Inspections ▪ Rotary kilns are often regarded as a “black box“ ▪ Evaluating the lining thickness is key for optimizing the kiln’s performance. However, this task is regularly done in a time-consuming, manual, and subjective way ▪ LES enables the custome
Slide 22: Innovate, Optimize and Deliver
Innovate, Optimize and Deliver R&D powering Sustainable value creation STRATEGIC MOVES FOR COST COMPETITIVENESS New Product Transfers and Development Harmonization of Products Driving innovation-led cost advantage Standardization and efficiency for lower cost ✓ High quality Magnesia Chrome bricks fo
Slide 23: Glimpse of New Product offerings
Glimpse of New Product offerings RUBINAL E1157 PCA 24
Slide 24: MINPRO: Accelerating Circular Economy Leadership
Sensitivity: Restricted MINPRO: Accelerating Circular Economy Leadership 51:49 JV with Khemka Refractories to establish a greenfield refractory mineral processing facility WHY THIS MATTERS JV SNAPSHOT VALUE CREATION LEVERS First mover advantage CIRCULARITY Recovery, processing and reuse of spent Est
Slide 25: Supply Resilience
Supply Resilience Building an agile, localized and reliable supply network Supply resilience through localization, Flexibility and proactive planning—ensuring uninterrupted deliveries in a dynamic environment LOCALIZED OPERATIONS CUSTOMER DELIVERY Flexible Manufacturing Network Reliable Reliable and
Slide 26: Strategic Investment Overview
Strategic Investment Overview Fueled by India’s growth, commitment to resilient margins 1 Market leadership position with 30%+ market share in India 2 ‘Local for local’ manufacturing strategy - ‘Make in India’ Recent acquisitions create balanced portfolio of refractory products and a 3 strong platfo
Slide 27: ESG
S RHI MAGNESITA ESG Advancing responsible growth through innovation and impact QY &R Y Environment Social Governance Decarbonizing our Empowering people, Upholding integrity, operations and strengthening communities transparency and reducing impact and ensuring safety accountability Sustainability i
Slide 28: Operational Sustainability improvements
Operational Sustainability improvements Driving energy efficiency and lower emissions through process optimization and plant modernization Our Performance- Continuous improvement Energy Consumption ~7% reduction from (kWh per MT of Production) Q1 FY26 Energy 958 Consumption 980 992 912 888 (kWh per
Slide 29: Strong Governance & Board Oversight
Strong Governance & Board Oversight Leadership, Governance & Strategic Direction BOARD OF DIRECTORS EXECUTIVE & NON-EXECUTIVE DIRECTORS BOARD COMMITTEES Audit Kamal Sarda Committee Chairman Nomination & Nazim Sheikh GOVERNANCE SNAPSHOT Remuneration Chairman Committee • Balanced mix of executive, Par
Slide 30: RHI Magnesita India Limited at a glance
RHI Magnesita India Limited at a glance
Slide 31: Our Mission: we take innovation to 1200 °C and beyond
Our Mission: we take innovation to 1200 °C and beyond RHI Magnesita India Limited is the leading supplier of high-grade refractory products, systems and solutions which are indispensable for industrial high-temperature processes exceeding 1,200°C in a wide range of industries, including steel, cemen
Slide 32: RHI Magnesita India Limited: The Market Leader in Refractories
RHI Magnesita India Limited The Market Leader in Refractories 6,000+ ₹4020 Cr 9 3 Skilled Workforce* FY 2026 revenue 2 850+ 35 4 1 10 8` 12 13 14 Customers Project Sites 1 Jamshedpur, Jharkhand Prod. Plant 11 7 2 Katni, MP Prod. Plant 8+2 3 Bhiwadi, Rajasthan Prod. Plant Production Plants+ 2 6
Slide 33: History of RHI Magnesita India Limited
History of RHI Magnesita India Limited Leaders of Refractories in India Acquisition of Acquisition of Incorporation of refractory business of Ashwath JV with Khemka RHI India Trading Dalmia & Hi-Tech Technologies Refractories Chemicals (Mumbai) Orient Acquisition of Merger of Indian Incorporation of
Slide 34: Refractories: the building blocks of modern life
Refractories: the building blocks of modern life Concrete Copper Iron Steel Glass Aluminium 1,500°C 1,350°C 1500°C 1,760°C 1,650°C 1,250°C 1 tonne of STEEL 1 tonne of IRON 1 tonne of CEMENT 1 tonne of GLASS 1 tonne of ALUMINIUM 1 tonne of COPPER demands ~10-15 kg demands ~1-2 kg demands ~1 kg demand
Slide 35: Refractory Applications
Refractory Applications Customer Industries Main Application Lifetime and Costs Refractory characteristics Steel Basic oxygen furnace, • 20 minutes to 2 months • Part of customers’ Electric arc furnace, ladles, • c.3% of customers’ costs operational expenditure flow control • Systems and solutions f
Slide 36: Disclaimer
Disclaimer Financial information contained herein, as well as other operational information, were not audited by independent auditors and may include forward-looking statements and reflects the current views and perspectives of the management on the evolution of macro-economic environment, condition