Slide 1: Exchange cover letter for investor presentation
Date: 22nd May 2025 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 Dear
Slide 2: ESTER Industries Ltd. Investor Presentation May 2025
ESTER Industries Ltd. Investor Presentation | May, 2025 1
Slide 3: Disclaimer
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 resu
Slide 4: Table of Contents
Table of Contents Company Overview Business Overview Sustainability at the core Industry Overview Financial Overview Annexure 3
Slide 5: Vision Mission
Vision Mission OUR MISSION AT ESTER IS TO LEAD THE FRONTIER OF INNOVATION IN POLYESTER CHEMISTRY. Through relentless commitment to continuous research and OUR VISION IS TO FOSTER GLOBAL development, we aspire to craft specialized solutions that address SUSTAINABILITY BY EMPOWERING the distinctive ne
Slide 6: Company Overview
a. Company Overview
Slide 7: About Us
About Us Management with Sustainability 3 State-of-the-art 50+ countries 35+ years of experience at the core manufacturing facilities CRISIL A- JV with Loop Industries Inc. 550+ Employees 18+ granted Patents Credit Rating (Long Term) A step towards circular economy Business Segments Polyester Films
Slide 8: State-of-the-art Manufacturing Facilities
State-of-the-art Manufacturing Facilities Sitarganj Gurgaon Khatima Installed Capacity Corporate Headquarter Products Capacity Hyderabad Polyester Films Polyester Chips 67 KTPA Manufacturing Facility Polyester Films 108 KTPA Specialty Polymers Specialty Polymers 30 KTPA rPET – Existing 8 KTPA rPET –
Slide 9: Global Presence
Global Presence Present in 50+ countries across the globe Revenue Breakup (%) 35% 65% Domestic Export 8
Slide 10: Key Customers
Key Customers A flexible packaging and specialty polymer solutions provider, serving varied needs of customers across sectors. 9
Slide 11: Business Overview
No eu Business Overview 10
Slide 12: Business Segments (Consolidated Basis)
Business Segments (Consolidated Basis) Polyester Films Specialty Polymers* 85 % Q4FY25 Segmental Break-up 15 % 87 % FY25 Segmental Break-up 13 % *includes rPET 11
Slide 13: Polyester Film Business
Polyester Film Business Product Categories 300+BOPET Films SKUs Plain Films Metallized Films Holographic Films Polyester Films with up to (non-metallized and non-coated Films) 90% PCR content Window Metallized Films Coated/Barrier Films Share of Value added products* Application Industries Q4 FY25 Q
Slide 14: Application Categories for Polyester Film
Application Categories for Polyester Film Application Categories Flexible Packaging Barrier Packaging Twist Packaging Lidding Shrink Sleeving Holographic Cable Insulation Soft Finish Aesthetic Labels & Graphics 13
Slide 15: Key Features – Polyester Film SBU
Key Features – Polyester Film SBU: Focus on developing new Value Added products Committed to improve production efficiency and operating leverage to improve profitability over the long term Aiming towards increasing the share of Value Added Products on consolidated basis to ~35% by FY26 to mitigate
Slide 16: Specialty Polymers
Specialty Polymers • Able to develop, manufacture & supply customized grades of specialty polyesters for various 01 3 Batch Polymerisation Lines applications. • Manufactures a wide range of Polyesters and allied co-polymers 6 Batch Solid State • rPET offerings for advanced applications 02 Polymerisa
Slide 17: Ester Strategy for Recycling
Ester Strategy for Recycling Ester has adopted mechanical recycling in its existing operations and chemical recycling will be adopted by ELITe Criteria Mechanical Recycling Chemical Recycling ▪ Feed Stock ▪ Scrap PET bottles • Scrap PET bottles / Polyester textile / any kind of polyester waste ▪ Mat
Slide 18: True Circular Economy: JV with Loop Industries
True Circular Economy: JV with Loop Industries Ester Loop Infinite Technologies Private Limited (ELITe) is formed as a Through chemical recycling of polyester textile waste, recycled 50:50 partnership with Loop Industries, a Canadian NASDAQ listed chips will be offered to apparel, home furnishing an
Slide 19: Target industries for Loop rDMT and rMEG
End User Segment Target industries for products made from Loop’s patented technology Electronics Automotive Textile Cosmetics Rigid Packaging Flexible Packaging Loop rDMT and rMEG enable companies to Increase their sustainability Launch new products Contribute to supply chain product portfolio
Slide 20: Recycling – Solution to Environmental Challenges
Recycling – Solution to Environmental Challenges Mechanical Recycling (rPET) offers cost effective sustainable solution Recycled Polyester Resin 8,000 20,000 TPA Existing capacity TPA (by Aug 25) (Sitarganj) (Hyderabad) Bottles Specialty Films Polymers 19
Slide 21: Sustainability at the core
Sustainability at the core 20
Slide 22: Sustainable Solutions
Sustainable Solutions At Ester Industries, we combine high-performance products with responsible manufacturing, driving innovation that supports a more sustainable future Key pillars Circular economy practices Green Technology Renewable energy initiatives • Dedicated to reducing waste, reusing • Har
Slide 23: Minimizing Our Environmental Footprint
Minimizing Our Environmental Footprint Ester’s environmental agenda is to achieve resource efficiencies and reduce the impact of our operations on the environment. Monthly water usage reduced 13% from 1,114 m3/24 hours to 976 Usage of rice husk (biofuel) as m3/24 hours primary fuel for heating and s
Slide 24: Industry Overview
sille Industry Overview 23
Slide 25: Industry Scenario
Industry Scenario Shift Towards Sustainable & Export Demand BOPET Thin Film Market in India 2025 (in KT) PCR content Materials India is a major exporter of polyester films PWMR* has mandated 10% PCR content in flexible to Europe, North America and Southeast 1350 packaging. This is pushing brand owne
Slide 26: Government Mandates Driving Recycled Demand
Government Mandates Driving Recycled Demand • Zero plastic waste 2030 • €800/tonne on nonrecycled • 50% recycled content plastic packaging based on amount of plastic • Extended producer responsibility • 50% plastic packaging recycled by 2025 • California requires plastic bottles contain >25% post- c
Slide 27: Financial Overview
ba Financial Overview 26
Slide 28: Chairman’s Comments
“ Chairman’s Comments On a consolidated basis, total income grew by 19% in FY25 over FY24, and profitability improved from a loss of Rs. 121 crores to a profit of Rs. 14 crores, despite a weaker Q4 compared to Q3. Both our businesses performed significantly better this year. The Film business saw a
Slide 29: Q4 & FY25 Consolidated Financial Highlights
Q4 & FY25 Consolidated Financial Highlights Q4FY25 FY25 Income EBITDA EBITDA margin Income EBITDA EBITDA margin INR 321 Cr INR 39 Cr 12 % INR 1298 Cr INR 164 Cr 13 % 15% YoY 325% YoY 890 Bps 19% YoY 4735% YoY 1231 Bps PAT PAT Margin EPS PAT PAT Margin EPS INR 2 Cr 0.6 % INR 0.21 INR 14 Cr 1% INR 1.4
Slide 30: Q4 & FY25 Standalone P&L
Q4 & FY25 Standalone P&L Particulars (Rs. Crs.) Q4 FY25 Q4 FY24 Y-o-Y (%) FY25 FY24 Y-o-Y (%) Total Income 261 220 19% 1085 882 23% EBITDA (Including Non 36 9 311% 134 23 485% Operating Income) EBITDA Margin (%) 14% 4% 984bps 12% 3% 973bps Profit After Tax 12 (9) 41 (43) PAT Margin (%) 5% (4)% 4% (5
Slide 31: Q4 & FY25 Ester Filmtech Limited P&L
Q4 & FY25 Ester Filmtech Limited P&L Particulars (Rs. Crs.) Q4 FY25 Q4 FY24 Y-o-Y (%) FY25 FY24 Y-o-Y (%) Sales Volume (MT) 6447 6954 (7)% 27071 25626 6% Total Income 78 76 3% 352 281 25% EBITDA (Including Non 2 0.4 356% 31 (19) Operating Income) EBITDA Margin (%) 2% 0.5% 180bps 9% (7)% Profit After
Slide 32: Q4 & FY25 Consolidated P&L
Q4 & FY25 Consolidated P&L Particulars (Rs. Crs.) Q4 FY25 Q4 FY24 Y-o-Y (%) FY25 FY24 Y-o-Y (%) Total Income 321 280 15% 1298 1090 19% EBITDA (Including Non 39 9 325% 164 3 4735% Operating Income) EBITDA Margin (%) 12% 3% 890bps 13% 0.3% 1231bps Profit After Tax 2 (24) 14 (121) PAT Margin (%) 0.6% (
Slide 33: Q4 & FY25 Polyester Films Segment - Consolidated
Q4 & FY25 Polyester Films Segment - Consolidated Particulars (Rs. Crs.) Q4 FY25 Q4 FY24 Y-o-Y (%) FY25 FY24 Y-o-Y (%) Sales Volume (MT) 19,218 20,001 (4)% 76,580 76,871 - Revenue* 271 247 9.7% 1110 964 15% EBIT 23 (6) 92 (46) EBIT Margin (%) 9% (3)% 8% (5)% * Includes Revenue from sale of Chips Chip
Slide 34: Q4 & FY25 Specialty Polymer Segment - Consolidated
Q4 & FY25 Specialty Polymer Segment - Consolidated Particulars (Rs. Crs.) Q4 FY25 Q4 FY24 Y-o-Y (%) FY25 FY24 Y-o-Y (%) Sales Volume (MT)* 1496 826 81% 4651 2496 86% Revenue* 48 30 60% 172 100 72% EBIT 14 9 56% 58 22 164% EBIT Margin (%) 28% 30% (219)bps 34% 22% 1178bps *Includes rPET volume & Value
Slide 35: FY25 Consolidated Cash Flow Statement
FY25 Consolidated Cash Flow Statement Cash flow (April 24 to March 25) Rs. In Crores Nature S. No: Particulars Total 1 Opening Cash & Bank and other Bank Balance 117 1a Investment as on 1st April 2024 69 2 Profit before tax 28 Operating 3 Depreciation 69 Operating Source 4 Unrealized foreign exchang
Slide 36: FY25 Consolidated Balance sheet
FY25 Consolidated Balance sheet Rs. in Crores Rs. in Crores Mar-25 Mar-24 Mar-25 Mar-24 Total Equity & Liabilities Total Assets Shareholder’s Funds 772.52 717.54 Non Current Assets 976.27 1,099.71 Property, Plant & Equipment 0.56 987.42 Share Capital 47.02 46.98 Capital Work in Progress 39.22 82.82
Slide 37: Annexure
AWA B Annexure 36
Slide 38: Key Milestones
Key Milestones Company Incorporated Film Line-1 production Modernization of Chips Cost reduction through Started commercial production at capacity enhanced to 6000 plant to use PTA in Bio-mass Fuelled heating & wholly owned subsidiary, Ester MT place of DMT Glycol Ejectors Filmtech Ltd. Started manu
Slide 39: Certifications and Accreditations
Certifications and Accreditations ISO 9001: 2015 ISO 14001: 2015 ISO 45001: 2018 ISO 50001: 2018 Quality Management Systems Environmental Management Systems Occupational Health & Safety Energy Management Systems Management Systems Sustainability focused certifications GRS TUV Rheinland FSSAI Global
Slide 40: Management Expertise
Management Expertise Mr. Arvind Singhania Mr. Vaibhav Jha Chairman and CEO Deputy CEO Mr. Singhania, co-founder of Ester, has been actively associated Vaibhav Jha plays a crucial role in shaping and executing with the company since its inception in the Ester Industries' strategic vision. An IIT Bomb
Slide 41: Strong, transparent governance for long-term sustainability
Strong, transparent governance for long-term sustainability Emphasis on Compliances ▪ Installed compliance management tool (developed by PWC) in 2015 to ensure adherence to statutory & regulatory compliances. Implemented Code of Conduct for ▪ Audit of the compliance management tool to ensure zero no
Slide 42: CSR Projects
CSR Projects Empowering Through Udan GirlsFirst Ester Scholarship Mission – Telangana: Program – Uttarakhand: ▪ Improving Living Conditions: Enhancing ▪ Provided scholarship support to over the quality of life for migrant Odia 40 deserving girls from underprivileged populations in Telangana’s brick-
Slide 43: About Us: (CIN :- L24111UR1985PLC015063)
About Us: (CIN :- L24111UR1985PLC015063) Incorporated in 1985, Ester Industries Limited (EIL), a public limited listed company promoted by Singhania family, is an ISO 50001:2018, ISO 45001:2018, ISO 14001:2015, ISO 9001:2015 and Food Safety System Certification 22000 certified leading manufacturer o
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