Slide 1: Exchange filing cover letter
Date: 7th November 2024 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 Nov 2024
restor Presentation IES LTD. Nov, 2024
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, Q2 & H1 FY25 Results Highlights, JV with Loop
About Us Q2 & H1 FY25 Results Highlights Key Developments – JV with Loop Industries Inc 3
Slide 5: Diversified business portfolio
Diversified business portfolio Sales Mix (Q2FY25) Comprehensive product suite Polyester Chips State-of-the-art manufacturing facilities & Films Segment 85% Global footprint Specialty Experienced management team Polymers Segment 15% Healthy financial Position JV with Loop – A path breaking initiative
Slide 6: Company at a glance
1985 GURGAON, INDIA #2 Year of Incorporation Corporate Headquarters Business Segments* 527 – EIL - KHATIMA, About 50 COUNTRIES SITARGANJ, GURGAON CRISIL A - (Industry Outlook – Negative) 143 – EFL – HYDERABAD, Gurgaon Global Footprint Permanent People Credit Rating (Long Term) PF - Polyester Film; S
Slide 7: Corporate headquarters and manufacturing facilities
Sitarganj Haryana Uttarakhand Gurgaon Khatima Telangana Corporate Headquarter Manufacturing facility 6
Slide 8: We serve about 50 countries
We serve about 50 Countries 7
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Slide 10: Standalone results Q2FY25
Particulars (Rs.cr) Q2FY25 Q2FY24 % H1FY25 H1FY24 % Total Income 302 244 24 546 451 21 EBITDA (including Non operating income) 36 3 1100 53 15 253 EBITDA Margin (%) 12 1.1 +1190 bps 10 3.4 +660 bps PAT 12 (13) - 10 (18) - PAT Margin (%) 4 - - 2 - - Other comprehensive income/(loss) (Net of Tax) (5)
Slide 11: Consolidated results Q2FY25
Particulars (Rs.cr) Q2FY25 Q2FY24 % H1FY25 H1FY24 % Total Income 334 271 23 626 538 16 EBITDA (including Non operating income) 43 (0.4) - 60 9 567 EBITDA Margin (%) 13 - - 10 1.7 +830 bps PAT 3 (30) - (13) (53) - PAT Margin (%) 1 - - - - - Other comprehensive income/(loss) (Net of Tax) (5) - - (5) (
Slide 12: Cash flow April to Sep 2024
Cash flow (April 24 to Sep 2024) Rs. / Crore Nature S. No: Particulars Total 1 Opening Cash & Bank and other Bank Balance 116.88 1a Investment as on 1st April 2024 69.27 2 Loss before tax (9.92) Operating 3 Depreciation 34.53 Operating Source 4 Unrealised foreign exchange loss /MTM loss 7.42 Operati
Slide 13: Chairman's commentary on results
Commenting on the results, Mr. Arvind Singhania, Chairman, Ester Industries said: “We are pleased with our quarterly performance which witnessed a turnaround in our Film business and continued strength in our Specialty Polymer business. After facing challenges over the past 7 – 8 quarters, Film busi
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
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
• Regularly manufacturing & supplying Innovative Polybutylene Terephthalate (PBT) polymers to a global chemical `leader Q2 Q2 Q1 FY25 FY24 FY25 • Ester Industries is amongst the only company globally equipped with the expertise and Volume (MT) 476 185 301 infrastructure to manufacture the product Va
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 results
Figs. in cr Particulars Q2FY25 Q2FY24 % H1FY25 H1FY24 % Volumes (MT) Sales Q2FY24 Q2FY25 1,216 599 103 2,198 1,125 95 (Vol's MT) Revenue 46 27 70 92 48 92 185 EBIT 15 6 150 34 13 162 Innovative PBT 476 Margins (%) 31.9 21.3 +1,060 bps 37.4 26.4 +1,100 bps Strong H1 performance underpinned by highe
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 key facts and capacity
108,000 23,200 #36 MTPA MTPA Years of experience Polyester Film capacity Metallized Polyester Film capacity (including Telangana capacity) (including Telangana capacity) About 67,000 Telangana 50 33% MTPA Plant Export market Share of value-added Polyethylene Terephthalate Commercial production (# of
Slide 23: Product mix towards value added and specialty products
Value Added (%) Film & Chips Segment Domestic Exports 30 33 19% 20% 20% 28 38% 24 (Rs.cr) Q3FY24 Q4FY24 Q1FY25 Q2FY25 EBIT -3.3 0.3 0.4 21 81% 80% 80% 62% Margins (%) -1.9 0.1 0.2 8.4 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Pass through business model for raw material prices Product
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 and Chips segment results
Figs. in cr Particulars Q2FY25 Q2FY24 % H1FY25 H1FY24 % Sales (Vol’s MT) 12,243 12,892 (5) 23,468 25,354 (7) Revenue 252 210 20 446 388 15 EBIT 21 (1) - 22 3 633 Margins (%) 8.4 - - 4.9 0.8 +410 bps Improved performance despite shutting down of Film production Line # 1 & 2 for few weeks during the
Slide 26: Ester Filmtech Limited update
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.99 crore and volumes of 7,425 MT during Q2FY25 Better prici
Slide 27: Ester Filmtech financials
Particulars – (Rs.cr) Q2FY25 Q2FY24 H1FY25 H1FY24 Sales Volume (MT) 7,425 5,974 13,926 11,735 Total Income 99 68 180 133 EBITDA (including non-operating income) 6 (3) 7 (6) Cash Profit (2) (11) (10) (22) PBT (9) (18) (23) (34) PAT (9) (18) (23) (34) EBITDA for the Q2FY25 would have been Rs. 14 crore
Slide 28: JV with Loop Industries, Inc
loa INDUSTRI®=" JV with Loop Industries, INC
Slide 29: JV with Loop Industries
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 30: 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 31: JV project capacity, capex and funding
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 32: Plastic recycling regulations and targets
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 33: 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 32
Slide 34: 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. The company is promoted by the Singhania family. The company is one of India’s leading producers
Slide 35: Thank You
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