Rhi Magnesita India Limited · NSE:RHIM
Rhi Magnesita India — Q2 FY26 Earnings Presentation
30 slides from Rhi Magnesita India's earnings presentation, Nov 10, 2025
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 10 November 2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers
Slide 2: RHI Magnesita India Limited Investor Presentation Q2 FY26
RHI Magnesita India Limited Investor Presentation Q2 FY26 10th November, 2025
Slide 3: Contents
Contents 01 Safety 02 Key Highlights 03 Financial Highlights 04 Strategy Update 04 Corporate Social Responsibility 06 RHIM India at a Glance
Slide 4: Health & Safety
Health & Safety Safety remains our highest priority, without exception LTIF: 0 TRIF: 0.17 ✓ A new IT-enabled Safety Management System is Q2 FY26 Q2 FY26 being implemented for real-time monitoring and proactive management of incidents and unsafe behaviors ✓ Enhancing safety and efficiency through Rob
Slide 5: Key Highlights Q2 FY26
Key Highlights Q2 FY26
Slide 6: Summary
Summary Steel Sector: QoQ growth in steel production; margins under pressure but strong domestic demand reinforces India’s global steel momentum. Cement Sector: Lower shipments and squeezed margins; capacity expansion and GST rationalization expected to drive medium-term growth Market Share Ga
Slide 7: Financial Highlights
Financial Highlights
Slide 8: Financial Highlights Q2 FY26 vs Q1 FY26
Financial Highlights Q2 FY26 vs Q1 FY26 Historic revenue milestone reflects RHIM’s market strength Revenue from Operating EBITDA Shipment (MT) Profit after Tax Operations ₹ 103,536 L ₹ 11,053 L 141,370 ₹ 3,835 L 8% 7% 9% 9% Capex Working Capital Net Debt/ EBITDA EPS Ratio Intensity ₹ 3,279 L ₹1.9 38
Slide 9: Performance Highlights
Sensitivity: Confidential Performance Highlights Consistent growth sustained across all segments, driven by market share gain and project orders Revenue from Operations (₹ Lakhs) 141 Revenue 119 129 ‒ Gained momentum in Steel Ladle business in Public Sector Units and Integrated Steel plants 8% Shipm
Slide 10: Profit and Loss Snapshot: Consolidated
Profit and Loss Snapshot: Consolidated Breakthrough revenue achievement in H1 ₹ Lakhs Production: Q2 FY26 Q1 FY 26 H1 FY26 H1 FY25 +9% vs Q1 FY26 +8% vs H1 FY25 Production - MT 92,826 84,955 0 177,781 163,963 0 Shipment - MT 141,370 129,219 0 270,589 233,340 0 Shipment: Avg realisation/MT 73,237
Slide 11: Working Capital intensity and Cash Conversion
Azim Syed Finance Working Capital intensity and Cash Conversion Sustained working capital intensity in line with revenue growth Inventories (₹Lakhs) Inventory intensity Working capital 31% 25% 29% 28% 27% Cash conversion intensity (₹Lakhs) 106,823 102,924 107,355 105,761 110,231 40% 39% 37% 38% €103
Slide 12: Net Debt Bridge Q2 FY26 vs. Q1 FY26
Net Debt Bridge Q2 FY26 vs. Q1 FY26 Higher working capital driven by revenue growth reflects increase in Net Debt €8.7m €-11.5m €15.3m €3.2m €1.5m €0.6m €0.3m €1.4m €-0.2m €19.2m ₹ Lakhs 0.20x 0.45x ND/EBITDA* -258 1,412 627 332 1,608 3,279 9,096 19,977 15,887 -12,006 Q1 FY 26 Cash Profit Working Ca
Slide 13: Strategy Update
Strategy Update
Slide 14: 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 ‘Local for local’ manufacturing strategy - ‘Make in India’ 2 Recent acquisitions create balanced portfolio of refractory products and a strong platform
Slide 15: 4PRO Business Model
4PRO Business Model Our all-encompassing solution that addresses the evolving challenges of industry and society. Read more on : 4Pro | RHI Magnesita
Slide 16: 4PRO Revolutionizing Steelmaking in India
4PRO Revolutionizing Steelmaking in India: India’s First Complete Robotic Solution in Caster Operation Success Highlights: Ladle Shroud Change Powder Feeding in Tundish Sampling and measurements Bayonet Coupling Open frozen Ladle(O2 Lancing) + Safety: Reduced human exposure + Productivity:
Slide 17: Improving productivity for our customers
Improving productivity for our customers Record Achievement: 756 heats in EAF, surpassing previous highs of 714 at one of the customer sites Achieved 377 heats with 100% RHIM bricks and monolithic, a significant improvement over prior cycles (342, 349, 337) Placeholder for a Picture Financial &
Slide 18: R&D India
R&D India Continuous momentum in R&D to achieve sustainable value creation New Product Transfers and development ➢ High quality Magnesia Chrome bricks for RH Degasser ➢ Thin Slab ISO products ➢ High quality Magnesia spinel bricks for Cement industry ➢ High Chrome bricks for petrochemical use ➢ EAF H
Slide 19: Glimpse of New Offerings
Glimpse of New Offerings Magnesia Spinel High Chromium bricks for Bricks Coal Gassifier Thin Slab ISO Magnesia Chrome Brick Eco Grade Cement for RH Degasser Kiln bricks 19
Slide 20: Executing Strategic Growth Initiatives
Executing Strategic Growth Initiatives Growth momentum, yielding results in gaining market share Iron Making Increased YoY market share in Blast Furnace runner management We are securing entry into medium-to-large Blast Furnaces and reinforce our runner management leadership Pellet & DRI Commi
Slide 21: Acquisition of Ashwath Technologies
Acquisition of Ashwath Technologies Strengthening Steel Flow Control Machinery Capabilities in India Strong customer base in India and overseas, primarily serving the mini mills steel sector Legal Entity Name Ashwath Technologies Pvt. Ltd Product portfolio includes: Acquirer Intermetal Engineers (In
Slide 22: Corporate Social Responsibility
Corporate Social Responsibility Our commitment to sustainability, ethics, and community engagement.
Slide 23: Building Stronger Communities and a Brighter Future
Building Stronger Communities and a Brighter Future Driving Meaningful Impact Through CSR Initiatives: Education: Enhanced learning access via digital classrooms and school infrastructure, upgrades across four locations, benefitting 4,500+ student Health: Healthcare outreach and infrastructure p
Slide 24: RHI Magnesita India Limited at a glance
RHI Magnesita India Limited at a glance
Slide 25: 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 26: 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 27: 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 RHI India Trading Dalmia & Hi-Tech Technologies Chemicals (Mumbai) Acquisition of Manishree Refractories (Cuttack) & Intermetal Orient Merger of India
Slide 28: The Market Leader in Refractories
RHI Magnesita India Limited The Market Leader in Refractories 9 6,000+ ₹3675 Cr Skilled Workforce* FY 2025 revenue 3 2 1 700+ 75+ 4 8 10 Customers in India Global Customers 7 1 Jamshedpur Prod. Plant 8 25+ 6 2 Katni Prod. Plant 3 Bhiwadi Prod. Plant Production Plants Project Sites 4 Khambhal
Slide 29: 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
Slide 30: RHI Magnesita India Limited
RHI Magnesita India Limited corporate.india@rhimagnesita.com rhimagnesita.com Important notice: These materials do not constitute or form part, or all, of any offer of invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities in any jurisdiction in wh