Agarwal Industrial Corporation Limited · NSE:AGARIND
Agarwal Industrial — Q4 FY25 Earnings Presentation
22 slides from Agarwal Industrial's earnings presentation, May 27, 2025
Slide 1: Agarwal Industrial Corporation Ltd. – Investor Presentation Cover Letter
' @ AGARWAL INDUSTRIAL CORPORATION LTD. Petrochemicals ( Manufactures & Traders of Bitumen & Bituminous Products) | Logistics for Bitumen & LPG | Wind Milis. @D L99999MH1995PLCO84618 AGARWAL GROUP 27" May, 2025 To, To, BSE Limited National Stock Exchange of India Corporate Relationship Department Li
Slide 2: Q4 and FY25 Earnings Presentation
Agarwal Industrial Corporation Limited (BSE: 531921 | NSE: AGARIND) Q4 and FY25 Earnings Presentation AGARWAL GROUP May 2025
Slide 3: Agarwal Industrial Corporation Limited (AICL) Business Overview
Agarwal Industrial Corporation Limited (AICL) Business Overview e\ AGARWAL GROUP Vessels and Chartering Bulk Bitumen and Allied Products ' - ii 3rd Party f T Oil Refineries / Ports and Manufacturing o — Allied Bitumen | — | Industrialand |, LPG from Products Construction ! Refineries in Customers In
Slide 4: Agarwal Industrial Corporation Limited (AICL) Investment Case
Agarwal Industrial Corporation Limited (AICL) Investment Case @ AGARWAL GROUP Largest private-sector bitumen trading and product manufacturing company in India, with integrated shipping vessels and fleet logistics Imported 486,546 MT of bitumen from Middle Eastern refineries and intermediaries durin
Slide 5: Q4 and FY25 Key Financial Performance
I Q4 and FY25 Key Financial Performance o AGARWAL GROUP EBITDA Q4 FY25 Q4 FY25 Q4 FY25 Q4 FY25 Rs. 823 Cr 185,344 MT Rs. 58 Cr Rs. 30 Cr 6.1% YoY (6.7)% YoY (6.0)% YoY (19.6)% YoY FY25 FY25 FY25 FY25 Rs. 2399 Cr 535,939 MT Rs. 213 Cr Rs. 116 Cr 12.9% YoY 9.2% YoY 19.5% YoY 5.9% YoY
Slide 6: Management Commentary
Management Commentary @ AGARWAL GROUP AICL has reported a strong set of financial results for FY2025 with Revenues from Operations of Rs 2,410 Cr, an increase of 13.1% from the previous year. From a profitability perspective, the company delivered EBITDA of Rs. 213 Cr, which increased by 19.5% from
Slide 7: Q4 and FY25 Financial Highlights
Q4 and FY25 Financial Highlights @ AGARWAL GROUP Revenues from Operations EBITDA* PAT Rs.Cr +12.9% +19.5% +5.9% o| ] c: T o] . L2125 2,399 L 78 213 L 109 116 . | . [l +6.1% 1 i Il (6.0)% E |'(19.6)%1 i i 1 i 776 823 ! 62 58 | 38 30 Q4FY24 B Q4FY25 . FY24 FY25 Q4FY24 B Q4FY25 , Fy24 FY25 Q4FY24 m | Q
Slide 8: Q4 and FY25 Operational Highlights
I Q4 and FY25 Operational Highlights e\ AGARWAL GROUP Volume of Bitumen Volume of Bitumen through own Vessels (MT Tons) (MT Tons) ': ': ' 490813 5,35,939 294488 3,21,563 'i ': |: |' [L6n% : [L©7)% ; i : 1,98,756 185344 | 1,19,254 1,11,206 :; 'i Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25
Slide 9: Key Ratios Capital Structure, Cash Flows and Returns
Key Ratios Capital Structure, Cash Flows and Returns @ AGARWAL GROUP Rs. Cr FY23 FY24 FY25 Cash Flow Analysis (Rs. Cr) Long Term Debt 69 169 182 208 Short Term Debt 69 176 245 21 Total Debt 138 345 427 (132) (25) (-) Cash & Cash Equivalents 59 98 87 (247) Net Debt 78 247 340 (165) (340) Total Equity
Slide 10: Q4 and FY25 Bitumen and Allied Products
Q4 and FY25 Bitumen and Allied Products e\ AGARWAL GROUP Rs.Cr Revenues from Operations EBITDA ™ 10.4% [1126% | 1 \| |i ! I 75 83 i1735 1,953 ' i| ii [L111% 1 i [1.159% 1 : i| ii 650 723 | 24 28 ! i i i i Q4FY24 Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25 EBITDA Margin EBITDA/ Ton [ 2e5% I 1.2% 1 [1.®)
Slide 11: Q4 and FY25 Other Business Revenues
Q4 and FY25 Other Business Revenues @ AGARWAL GROUP I Rs.Cr Shipping Vessels Logistics I : E 334 Lo ! 70 | 253 I ! : 1 ! 1 ii 23 'E B 88 73 20 Q4FY24 - Q4FY25 FY24 FY25 Q4FY24 Q4FY25 FY24 FY25 Petroleum Windmill and Other | | ! 74 | 1" 11 1 60 | i i | i i i i i i i | | i 3 3 i 19 15 I ' B = i i Q4FY
Slide 12: Q4 and FY25 Contribution Analysis
I Q4 and FY25 Contribution Analysis AGARWAL GROUP Revenue from Operations EBITDA Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 17%‘ 13-/.‘ 47% Y 62% 83% FY24 FY25 FY24 FY25 58% 80% 1" I Bitumen and Allied Products ~ OtherBusinesses
Slide 13: Bitumen Overview
Bitumen Overview @ AGARWAL GROUP ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, , General Uses of Bitumen Overview: Bitumen is a semi-solid, oil-based hydrocarbon widely used as a binder in « Constructions of roads, runways & platforms road c
Slide 14: Bitumen Product Range (1/2)
Bitumen Product Range (1/2) e\ AGARWAL GROUP Paving Grade Bitumen Industrial Grade Bitumen Crumb Rubber Modified Bitumen Product Overview: VG 30/40 bitumen is a Product Overview: Industrial Grade Bitumen is Product Overview: CRMB is a blend of selected straight-grade binder used in road, airfield, a
Slide 15: Bitumen Product Range (2/2)
Bitumen Product Range (2/2) e\ AGARWAL GROUP Polymer Modified Bitumen Bitumen Emulsion Byproducts / Waterproofing Materials Engineered to protect against water ingress, Product Overview: Polymer Modified Bitumen Product Overview: Bitumen emulsions are corrosion, and structural stress, these products
Slide 16: Shipping Vessels Bitumen Supply and Chartering
Shipping Vessels Bitumen Supply and Chartering e\ AGARWAL GROUP EWAICL owns 11 large marine vessels with a total capacity of 113,549 MT, Own Vessel Capacity (MT) ranging from 3,100 MT to 47,999 MT H 1,25,549 1,13,549 A vessel was acquired in Q4 FY25 and became operation in April 2025 1,02,049 The ve
Slide 17: Manufacturing Network Strategically Located
Manufacturing Network Strategically Located @ 11 Bitumen Vessels Seven bulk storage terminals located at ports with a | total capacity of 30,500 MT. Direct access to shipping | networks for efficient delivery of bitumen: i« Owned: Dighi, Mumbai and Vadodara * Leased: Haldia, Hazira, Karwar and Manga
Slide 18: Bitumen Industry Dynamics
Bitumen Industry Dynamics @ AGARWAL GROUP emand Drivers Bitumen Consumption in India (MMTPA) o Road construction remains strong, with 12,349 km of highways built in FY24, supporting bitumen demand « Government initiatives like NHDP, Bharatmala and PM 289 3.52 Gati Shakti will support long-term consu
Slide 19: Leadership Team
Leadership Team AGARWAL GROUP A A Jaiprakash Agarwal Ramchandra Agarwal Mahendra Agarwal Vipin Agarwal Executive — Non Non-Executive - Non Executive Director Chief Financial Officer Independent Director Independent Director Over 45 years of 30+yrs of expertise in the Experienced in managing experien
Slide 20: Income Statement
Income Statement e\ AGARWAL GROUP Q4 FY25 Q4 FY24 Y (%) Q3FY25 Q-0-Q (%) Y-0-Y (%) { Revenue from Operati (321) bps (18.7)% (11.7)% (114) Bps (190) bps (15.6)% (116) bps (178) bps Profit After Tax (19.6)% 19 *EBITDA includes Other Income
Slide 21: Balance Sheet
Balance Sheet e\ AGARWAL GROUP Equities and Liabilities (Rs. Cr) FY24 FY25 Assets (Rs. Cr) FY24 FY25 Equity Share Capital 15 15 Property, plant and equipment 570 678 Other Equit 29 612 Investment Property 0 0 quty Capital Work in Progress - 16 Equity attributable to equity holders of the Group 511 6
Slide 22: Disclaimer
Disclaimer e\ AGARWAL GROUP Agarwal Industrial Corporation Limited This presentation contains “forward looking statements” including, but without limitation, statements relating to the implementation of strategic Vipin Agarwal, CFO initiatives, and other statements relating Agarwal Industrial Corpor