Slide 1: Exchange filing cover letter - Investor Presentation
CFL/SE/2024-25/FEB/06 February 11, 2025 The Manager (Listing) The Manager (Listing) BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Plot no. C/1, G Block, Mumbai-400 001 Bandra – Kurla Complex Scrip Code: 508814 Mumbai-400 051 Security ID: “
Slide 2: A Perspective - February 2025
A Perspective February 2025 Speciality Films, Speciality Chemicals, Rigid Packaging, Sun Control Films & PPF, D2C Petcare Flexible Packaging I Lamination I Labeling I Synthetic Paper I Speciality Chemicals I Plastech I Sunshield I Petcare (Zigly)
Slide 3: Discussion Summary
Discussion Summary Cosmo First – An Overview Q3, FY25 - Performance Snapshot Strategic Perspective Our Businesses: Films Business Specialty Chemicals Rigid Packaging (Plastech) D2C Petcare (Zigly) Upcoming Business Vertical: Sun Control Films (Sunshield) & Paint Protection Film (PPF)
Slide 4: Company Overview
Company Overview Strong History & Leading Position Global Leader in some Specialty Segments Unique Proposition Established in 1981, Cosmo Films World’s largest producer of thermal Uniquely positioned with a strong blend of Ltd is the pioneer of BOPP & lamination films. specialty/semi-specialty
Slide 5: Company Overview – Businesses
Company Overview – Businesses Speciality films focused business with target to sell 80% BOPP based volume of speciality films by FY26 (FY24 Speciality 64% and 9M,FY25 71%) Verticals: Masterbatch (From FY21) Coating Chemicals (From FY22) Adhesive (From FY24) End-to-end rigid packaging vertical (Fr
Slide 6: Company Overview - Key Milestones
Company Overview - Key Milestones ► Established in 1981, Cosmo Films Ltd.is ►Speciality Chemicals ►2012: 2nd ►2016: CPP line-1 the pioneer of BOPP Films Industry in ►Petcare “Zigly” India; coating line ►2017: 10th BOPP ► Globally amongst top four in BOPP ►2010: 2nd ►2013: 9th line Specialty films an
Slide 7: Speciality & Semi Speciality Growth and Margins
Speciality & Semi Speciality Growth and Margins Expanding Speciality & Semi-Speciality films portfolio (high margin category) (YTD 9M FY25 71% volume; ~10% CAGR over last 6 years) 120% 80 70 100% 60 Films Volume (%) Gross Margin/Kg 80% 38% 43% 52% 50 64% 62% 64% 71% 60% 40 30 40% 62% 57% 20 48% 20
Slide 8: Films Margin/Volume & Capacity Utilization
Films Margin/Volume & Capacity Utilization Quarterly movement in Films margin Films Volume Bifurcation 120% 120% 70 100% 60 100% 12% 14% 10% 10% 6% 14% 15% 50 Films Volume (%) 80% Gross Margin/Kg 80% 65% 64% 61% 66% 40 69% 72% 73% 60% 30 60% 40% 20 90% 90% 94% 88% 86% 86% 85% 40% 20% 36% 39% 35% 34%
Slide 9: Core Profitability – Consolidated :: Q3'FY25
Core Profitability – Consolidated :: Q3’FY25 Q3' FY 2025 11.9% 1.2% 12.3% -0.6% -0.3% Reported EBITDA Speciality Chemicals Pet Care Business Rigid Packaging Packaging
Slide 10: Performance Snapshot Q3 FY25
Performance Snapshot INR Cr. Particulars Unaudited Q3 FY 24-25 Unaudited Q2 FY 24-25 Unaudited Q3 FY 23-24 Q3 FY25 Standalone Consolidated Standalone Consolidated Standalone Consolidated Net Sales 679 701 723 759 568 625 EBITDA 75 86 88 107 46 56 Performance EBITDA % 11% 12% 12% 14% 8% 9% PBT 27 36
Slide 11: Performance Snapshot – Management Commentary Continues
Performance Snapshot – Management Commentary Continues … The Net Revenue and margins are lower in Q3’FY25 from Q2’FY25 due to temporary break-down in one of the lines causing volume loss of 5%. BOPP Film margin has also witnessed pressure for few weeks in Q3, FY25 with some capacity commissionin
Slide 12: Leading in Sustainable Energy Solution
Leading in Sustainable Energy Solution 1. Renewable Energy usage has been close to 50% of energy consumption in Q3, FY25. 2. We are expecting it to increase to about 75% in 6-9 months. 3. Once fully operational, we expect power cost rationalization (incremental) of about Rs 20-25 crores PA.
Slide 13: Strategic Perspective – Why Cosmo First?
Why Cosmo First ? Company with diversified businesses with target 20% CAGR topline growth in next 3 years coupled with commensurate return growth. Strategic Potential high Growth Engines include Speciality Films, Speciality Chemicals, Rigid packaging and D2C Petcare business. Perspective Stron
Slide 14: Strategic Perspective – Why Cosmo First?
Why Cosmo First ? Speciality Chemicals: Masterbatch plant (1st line with 75% captive consumption & 25% outside sale). Coating Chemicals – scale up in coming years. Strategic Complimentary Adhesive business for Packaging, Lamination and Labels – FY24. Estimated ROCE FY25 to be 30%+. Perspec
Slide 15: Business Overview “FILMS Business”
Business Overview “FILMS Business”
Slide 16: Manufacturing Footprints & Offices
Manufacturing Footprints & Offices” Thermal 200 26,000 (7 lines) Coating Metalising CPP 33,000 40,000 10,000 (8 lines) (7 lines) (2 lines) CSP 200 7,200 (2 lines) 3 Upcoming capacities: CPP line (20000 TPA – H2’FY25) - Waluj, Aurangabad BOPP line (67000 TPA – H1’FY26) – Waluj, Aurangabad
Slide 17: Films Business-India Industry Dynamics & Capex Strategy
Films Business-India Industry Dynamics & Capex Strategy Data Source: AMI/PCI/Other Independent Research and Industry Sources
Slide 18: Films Business - Speciality Films Product Portfolio
Films Business - Speciality Films Product Portfolio PACKAGING FILMS LAMINATION FILMS LABEL FILMS INDUSTRIAL FILMS o Print & Pouching Films o Thermal Lamination & Wet o Pressure Sensitive Label o Synthetic paper o Tape & Textile Films Lamination stock films o Cable Overwrap o Barrier Films o Special
Slide 19: Speciality Films Focus
Speciality Films Focus Grow Speciality portfolio by volume from Key Speciality Products: 71% in 9M, FY25 to 80%+ by 2026 Globally among top four players in BOPP Speciality films Speciality Label Films – Second largest player in the World Each 1% shift in Speciality adds EBITDA Thermal La
Slide 20: Focus on R&D and innovation to fuel next phase of growth
Focus on R&D and innovation to fuel next phase of growth Infrastructure Innovative Product Launches Puncture resistant barrier metallized CPP film -Suitable for solvent less & extrusion applications. Cosmo PPF: Revolutionary Paint Protection Films to safeguard Vehicle Exteriors. R&D labs with
Slide 21: Films Business – Customers/Brands we Serve
Films Business – Customers/Brands we Serve Company stands as a trusted partner to a prestigious portfolio of large blue chip companies and renowned brands. . . Disclosure: All these are trademarks of respective Owners
Slide 22: Rigid Packaging “Plastech” Business Overview
Rigid Packaging “Plastech” Domestic Industry size of INR 10,000 Cr and growing @ 10%+ End-to-end rigid packaging solutions. Business Overview Specializes in creating customized packaging solutions for a variety of fast- moving consumer goods products. “Rigid Packaging” State-of-the-art machi
Slide 23: Business Overview “Speciality Chemicals Business”
Business Overview Masterbatches Adhesives India Industry size is 500k mt. Adhesive kick started from Industry growing by 11% pa. “Speciality Masterbatch is a concentrated H2’FY23 Global Industry USD 52 billion Chemicals Business” mixture of pigments and additives used for imparting specifi
Slide 24: Business Overview D2C Petcare
Business Overview The Pet care market in India is booming with: • ~25% Projected Annual Growth • ~32MM pets D2C PETCARE • ~1MM annual adoptions UNDER BRAND Indian Petcare Market “ZIGLY” Pet penetration in developed markets like US & UK is more then 68% and growing. 12000 Rs 12500 Cr 10000 8000 6000
Slide 25: Zigly - Business Model
Key Tractions Zigly - Business Model 14 Cr GMV (Q3’25) Retail outlets Own Service Other 60K + E-commerce Marketplace Marketplace Customers served in CFY website and App Private label One Stop solution retail available on 7000+ outlets offering Amazon,Flipkart Acting as an and Qcom SKUs available agg
Slide 26: Plan for Petcare Vertical “Zigly”
Plan for Petcare Vertical “Zigly” India Petcare industry INR 5k crores (25% expected growth rate) Smaller families, rising income levels and limited social lives (especially post Covid-19) No large scale organized players in India offering end to end comprehensive solution – Zigly’s focus is m
Slide 27: Financial Overview & ESG
Cosmo First Financial Overview & ESG
Slide 28: Annual and YTD Performance Snapshot
Annual and YTD Performance Snapshot INR Cr Unaudited 9M FY 24-25 Audited FY 23-24 Audited FY 22-23 Audited FY 21-22 Particulars Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Net Sales 2048 2149 2391 2587 2742 3063 2824 3038 EBITDA 228 277 213 251 396
Slide 29: Key Financial Snapshot
Key Financial Snapshot Net debt/EBITDA 2.2 times and net debt to equity at 0.5 times –Sep’24 Rewards (Dividend/Buyback) (% to PAT) NET DEBT (INR CR) 80% 63% 69% 727 698 800 584 561 60% 600 438 434 40% 30% 20% 22% 24% 400 303 22% 20% 20% 17% 20% 200 0% - Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-
Slide 30: Shareholding Pattern – December 2024
Shareholding Pattern –December 2024 1.00 Promoter and Promoter Top Non-Promoter Shareholding – 31st Dec 2024 Group 1 Minaxi Bhalchandra Trivedi 1.47% Institutional 40.98 53.33 2 Tejas Balchandra Trivedi 0.95% Non Institutional 3 Rohini Nilekani 0.76% Cosmo Films ESOP 2015 Acadian Emerging Markets Sm
Slide 31: ESG & Sustainability Initiatives - CareEdge “Good” ESG Rating
ESG & Sustainability Initiatives - CareEdge “Good” ESG Rating Product Practices Manufacturing Practices Offering mono-material for ease of recycling. Recycling of manufacturing waste for further film Production (about 95%) Designed heat resistant BOPP films replacing BOPET; giving push to creation
Slide 32: Board of Directors
Board of Directors Mr. H N Sinor Mr. Ashok Jaipuria Independent Director Chairman & Managing Director Over 4 decades experience in public as well as private sector banks A first generation entrepreneur with over forty like UBI, Central Bank of India and ICICI Bank. years of experience in the corpora
Slide 33: Leadership Team
Leadership Team Mr. Kulbhushan Malik Business Head- Cosmo Films Over 24 years of experience in the areas of Business & Mr. Pankaj Poddar Strategy Management, Sales and Financial management. Group Chief Executive Officer Over 27 years of experience in finance, advisory and various leadership roles. M
Slide 34: ESG Snapshot
ESG Snapshot Environmental Social 6 Cr FY24 7,00,000+ 15% Governance 70% 6
Slide 35: CSR Milestones
CSR Milestones dens Education _ Sanitation Environment & Plantation 43 40 ove 200 a 100k+ 24 46 1 Th scncom ns Health and Community Publication of Covid Engagement Educational Resources 170000 31104 7 tune = oS mee — —— Ata Conversation 008 : 5 peas Bo Ei Www.cosmofirst.com Our Businesses: GFSOSMOFI
Slide 36: Awards and Accolades
Awards and Accolades FY2024-2025 • Received SIES SOP Star Awards 2025 for metallized BOPP High Speed Packaging and Next Generation UHB-HR MO High Heat Resistance BOPP Film For Replacing METPET Mono Carton Packaging Application • Cosmo Films won the "Fastest Growing Enterprise of the Year 2024" award
Slide 37: Thank You
Thank You For more information, please contact: Cosmo First Ltd. Mr. Neeraj Jain Group Chief Financial Officer Email ID: neeraj.jain@cosmofirst.com; Mr. Shivang Goel Investor Relations Email ID: shivang.goel@cosmofilms.com