Astral Limited · NSE:ASTRAL

Astral — Investor Presentation (May 2022)

62 slides from Astral's investor presentation, May 2022

  1. Slide 1: Build Sustain Grow

    I N V E S TO R P R E S E N TAT I O N Build Sustain Grow ASTRAL LIMITED MAY 2022

  2. Slide 2: Contents

    Contents BRAND - C O M PA N Y PRODUCT BUILDING OVERVIEW OFFERINGS I N I T I AT I V E S 03-16 17-25 26-31 S U S TA I N A B I L I T Y WAY FINANCIAL I N I T I AT I V E S FORWARD PERFORMANCE 32-41 42-49 50-60 ASTRAL LIMITED MAY 2022

  3. Slide 3: Company Overview

    Company Overview ASTRAL AT A GLANCE 04 AWARDS AND RECOGNITION 11 THE TORCH BEARER IN THE 12 CORPORATE STRUCTURE 05 PIPES CATEGORY OPERATING IN 7 HIGH GROWTH CATEGORIES 06 PIPES & WATER TANKS MANUFACTURING UNITS 13 ADHESIVES & SEALANTS 14 FORAY INTO PAINTS 07 MANUFACTURING UNITS ASTRAL THE TRENDSETTE

  4. Slide 4: Astral at a Glance

    BUILD SUSTAIN GROW Astral at a Glance Astral is one of the fastest-growing and leading companies in the category of building materials with presence across pipes and adhesives, and is now foraying into paints, faucets & sanitaryware and valves and Infrastructure. Astral deploys best-in-globe technol

  5. Slide 5: Corporate Structure

    BUILD SUSTAIN GROW Corporate Structure 100% 80% ABPL SEAL IT (UK) 97.45% 100% RESINOVA SEAL IT CHEMIE LIMITED (USA) INVESTOR PRESENTATION INVESTOR PRESENTATION 50.0% 51% APL GEM PAINTS (KENYA) PRIVATE LIMITED COMPANY PRODUCT BRAND - BUILDING SUSTAINABILITY WAY FINANCIAL OVERVIEW OFFERINGS INITIATIVE

  6. Slide 6: Operating in High Growth Categories

    BUILD SUSTAIN GROW Operating in 7 High Growth Categories PIPES & WATER FITTINGS TANKS ADHESIVES INFRASTRUCTURE & SEALANTS FAUCETS & PAINTS INVESTOR PRESENTATION SANITARYWARE INVESTOR PRESENTATION SPECIALIZED VALVES COMPANY PRODUCT BRAND - BUILDING SUSTAINABILITY WAY FINANCIAL OVERVIEW OFFERINGS INIT

  7. Slide 7: Foray into Paints (1/2)

    BUILD SUSTAIN GROW Foray into Paints (1/2) 3,000+ FINANCIAL HIGHLIGHTS ಶ , 1 0 1 14.91 DEALERS ACROSS SOUTH INDIA EBITDA % FY22 10 2,146 2,010 18.01% EBITDA % FY21 DEPOTS SPREAD ACROSS SOUTH INDIA As par t of the strategic ABOUT GEM PAINTS SALES 28+ 362 320 decision to expand its ADJUSTED BRANDS AND

  8. Slide 8: Foray into Paints (2/2)

    BUILD SUSTAIN GROW Foray into Paints (2/2) HUGE OPPORTUNITY SIZE ASTRAL TO LEVERAGE ITS EXISTING: ಶ , 1 &5 2 5 ( 6 7.5% 5 YEARS CAGR 69,000 Common 53,000 Dealers TO RAPIDLY SCALE UP THE INVESTOR PRESENTATION OPERATIONS INVESTOR PRESENTATION Common Legacy Customers of Brand FY21 FY25E COMPANY PRODUCT

  9. Slide 9: Astral The Trendsetter

    BUILD SUSTAIN GROW Astral The Trendsetter First to introduce CPVC Three adhesives manufacturing Introduced countless pipes in India facilities in India, one in the UK innovations in pipes category and one in the USA India's first lead-free uPVC Offers the widest range of Robust network of channel pi

  10. Slide 10: Astral Journey

    BUILD SUSTAIN GROW Astral Journey • Drain Pro Launch • Bhubaneshwar Plant operational • First to launch multi-layer CPVC- • Astral Enters Faucets AL-CPVC pipes and Sanitaryware • Acquired Water under the brand segment Tank Business and name ‘Multi Pro’ launched Sarita by • Astral Enters Paints Astra

  11. Slide 11: Awards and Recognition

    BUILD SUSTAIN GROW Awards and Recognition 2013 2013 2014 2015 2015 Awarded as Recognised for Awarded as Awarded as Awarded as Business Standard Smart Innovation by India’s Most Value Creator during India’s Most Desired Star SME Inc. India Innovative Promising Brand the first ever Fortune Brand by TR

  12. Slide 12: The Torch Bearer in The Pipes Category

    BUILD SUSTAIN GROW The Torch Bearer in The Pipes Category 1998 2007 2010 2016 Core Competencies • Introduced • NSF • Low Noise • Indigenous UNBEATABLE CPVC pipes approval PP Drainage CPVC QUALITY and fittings for CPVS System Compound pipes WORLD-CLASS MFG. CAPABILITIES & TECHNICAL TIE-UPS PRODUCT IN

  13. Slide 13: Pipes & Water Tanks Manufacturing Units

    BUILD SUSTAIN GROW Pipes & Water Tanks Manufacturing Units Installed Capacity Pipes Pipes Pipes Pipes Water Water Water Tanks Tanks Tanks SANTEJ DHOLKA GHILOTH HOSUR 85,085 M.T. 55,057 M.T. 33,165 M.T. 46,447 M.T. Pipes Pipes Pipes Pipes Water Water INVESTOR PRESENTATION INVESTOR PRESENTATION Tanks

  14. Slide 14: Adhesives & Sealants Manufacturing Units

    BUILD SUSTAIN GROW Adhesives & Sealants Manufacturing Units Installed Capacity Adhesives Adhesives & Sealants & Sealants SEAL IT, UK RANIA 23,397 M.T. Adhesives Adhesives 31,632 M.T. & Sealants INVESTOR PRESENTATION INVESTOR PRESENTATION UK + US capacity Adhesives & Sealants SEAL IT, USA SANTEJ UNNA

  15. Slide 15: Manufacturing Facilities

    BUILD SUSTAIN GROW Manufacturing Facilities SITARGANJ 5,077 M.T. UN N A O 12,773 M.T. RANIA G HI L O T H 23,397 M.T. 33,165 M.T. SANTEJ 28,178 M.T. USA+UK SANTEJ 31,632 M.T. 85,085 M.T. B HUB A N ES HWAR ( C U TTA CK) 7,515 M.T. DHO L KA A UR A N G A BA D 55,057 M.T. 17,648 M.T. INVESTOR PRESENTATIO

  16. Slide 16: Pan India Presence

    BUILD SUSTAIN GROW Pan India DELHI NEW DELHI D B D Presence HARYANA AMBALA D UTTARAKHAND SITARGANJ P PUNJAB UTTAR PRADESH MOHALI D LUCKNOW B PIPES RAJASTHAN KANPUR C P PLANTS RANIA P GHILOTH P P D DEPOTS JAIPUR D B D UNNAO P UDAIPUR VARANASI D C CORPORATE OFFICE D B BRANCH OFFICE GUJARAT AHMEDABAD C

  17. Slide 17: Product Offerings

    Product Offerings PIPES PRODUCTS AT A GLANCE 18 WATER TANKS PRODUCTS AT A GLANCE 23 ADHESIVES AND SEALANTS PRODUCTS 24 NEW PRODUCT LAUNCH - DRAIN PRO 21 AT A GLANCE NEW PRODUCT LAUNCH - SPECIALIZED VALVES 22 ASTRAL LIMITED MAY 2022

  18. Slide 18: Pipes Products at a Glance (1/3)

    BUILD SUSTAIN GROW Pipes Products at a Glance (1/3) PLUMBING SYSTEM DRAINAGE SYSTEM PLUMBING SYSTEM DRAINAGE SYSTEM FIRE PROTECTION SYSTEM INDUSTRIAL PIPING SYSTEM CABLE PROTECTION SYSTEM A DVA NC ED P P S WR S Y S TE M AGRICULTURE SYSTEM URBAN INFRASTRUCTURE SOLVENT CEMENTS ANCILLARY PLUMBING SYSTE

  19. Slide 19: Pipes Products at a Glance (2/3)

    BUILD SUSTAIN GROW Pipes Products at a Glance (2/3) FIRE PROTECTION SYSTEM INDUSTRIAL PIPING SYSTEM PLUMBING SYSTEM DRAINAGE SYSTEM FIRE PROTECTION SYSTEM CABLE PROTECTION SYSTEM AGRICULTURE SYSTEM INDUSTRIAL PIPING SYSTEM CABLE PROTECTION SYSTEM AGRICULTURE SYSTEM URBAN INFRASTRUCTURE SOLVENT CEMEN

  20. Slide 20: Pipes Products at a Glance (3/3)

    BUILD SUSTAIN GROW Pipes Products at a Glance (3/3) URBAN INFRASTRUCTURE ANCILLARY PLUMBING SYSTEM DRAINAGE SYSTEM FIRE PROTECTION SYSTEM INDUSTRIAL PIPING SYSTEM CABLE PROTECTION SYSTEM AGRICULTURE SYSTEM URBAN INFRASTRUCTURE SOLVENT CEMENTS PLUMBING ACCESSORIES SOLVENT CEMENTS ANCILLARY BACK FLOW

  21. Slide 21: New Product Launch - DrainPro

    BUILD SUSTAIN GROW New Product Launch - DrainPro DrainPro pipes are manufactured using the state-of-the-art multi-layer piping Y S TE M A DVA NC ED P P S WR S technology that imparts excellent properties which are essential for superior performance of the drainage system. Astral Drain Pro is a cutti

  22. Slide 22: New Product Launch - Specialized Valves

    BUILD SUSTAIN GROW New Product Launch - Specialized Valves Astral Pipes has forayed into manufacturing specialized uPVC and CPVC valves for household plumbing and Industrial applications. This range of valves is designed specifically to impart additional strength and to improve overall functionality

  23. Slide 23: Water Tanks Products at A Glance

    BUILD SUSTAIN GROW Water Tanks Products at A Glance INVESTOR PRESENTATION INVESTOR PRESENTATION COMPANY PRODUCT BRAND - BUILDING SUSTAINABILITY WAY FINANCIAL OVERVIEW OFFERINGS INITIATIVES INITIATIVES FORWARD PERFORMANCE 23 62

  24. Slide 24: Adhesives & Sealants Products at a Glance (1/2)

    BUILD SUSTAIN GROW Adhesives & Sealants EPOXY ADHESIVES & PUTTY CONSTRUCTION CHEMICALS PVA ADHESIVES Products at a Glance (1/2) TWO PART EPOXY ADHESIVE MEMBRANE & COATING RUBBER ADHESIVES EPOXY ADHESIVES & PUTTY SILICONE SEALANTS TM STRONGEPOXY PUTTY CONSTRUCTION CHEMICALS MEMBRANE & COATING WATERPR

  25. Slide 25: Adhesives & Sealants Products at a Glance (2/2)

    BUILD SUSTAIN GROW Adhesives & Sealants SOLVENT CEMENTS INDUSTRIAL Products at ™ a Glance (2/2) HIGH QUALITY SOLVENT CEMENT EPOXY ADHESIVES & PUTTY ANAEROBIC ADHESIVES SILICONE SEALANTS CONSTRUCTION CHEMICALS MEMBRANE & COATING WATERPROOFING TILE & GROUT ADHESIVES PVA ADHESIVES CLEAR ACRYLIC ADHESIV

  26. Slide 26: Brand - Building Initiatives

    Brand - Building Initiatives MARKETING COMMUNICATION 27 ASTRAL LIMITED MAY 2022

  27. Slide 27: Marketing Communication (1/5)

    BUILD SUSTAIN GROW Marketing Communication (1/5) Ranveer Singh The face of Astral Pipes – India’s most trusted pipe Astral Pipes onboards icon star Allu Arjun INVESTOR PRESENTATION INVESTOR PRESENTATION With this partnership, the Company aims to expand and solidify Astral's piping vertical in the so

  28. Slide 28: Marketing Communication (2/5)

    BUILD SUSTAIN GROW Marketing Communication (2/5) TVC campaign on India ka Bharosemand Pipe, starring Ranveer Singh Wa tch the vi deo Onl i ne INVESTOR PRESENTATION INVESTOR PRESENTATION COMPANY PRODUCT BRAND - BUILDING SUSTAINABILITY WAY FINANCIAL OVERVIEW OFFERINGS INITIATIVES INITIATIVES FORWARD P

  29. Slide 29: Marketing Communication (3/5)

    BUILD SUSTAIN GROW Marketing Communication (3/5) Celebratig 25 years of BondTite, a TVC campaign was launched for the Epoxy Adhesive Range - BondTite Wa tch the vi deo Onl i ne INVESTOR PRESENTATION INVESTOR PRESENTATION COMPANY PRODUCT BRAND - BUILDING SUSTAINABILITY WAY FINANCIAL OVERVIEW OFFERING

  30. Slide 30: Marketing Communication (4/5)

    BUILD SUSTAIN GROW Marketing Communication (4/5) Astral Pipes Co-Sponsored three IPL Teams in its 2022 edition. INVESTOR PRESENTATION INVESTOR PRESENTATION COMPANY PRODUCT BRAND - BUILDING SUSTAINABILITY WAY FINANCIAL OVERVIEW OFFERINGS INITIATIVES INITIATIVES FORWARD PERFORMANCE 30 62

  31. Slide 31: Marketing Communication (5/5)

    BUILD SUSTAIN GROW Marketing Communication (5/5) Film co-Promotion RRR Chandigarh Jayeshbhai kare Jordaar Aashiqui INVESTOR PRESENTATION INVESTOR PRESENTATION COMPANY PRODUCT BRAND - BUILDING SUSTAINABILITY WAY FINANCIAL OVERVIEW OFFERINGS INITIATIVES INITIATIVES FORWARD PERFORMANCE 31 62

  32. Slide 32: Sustainability Initiatives

    Sustainability Initiatives CSR INITIATIVES 33 SUSTAINABILITY INITIATIVES 41 ASTRAL LIMITED MAY 2022

  33. Slide 33: CSR Initiatives

    BUILD SUSTAIN GROW CSR Initiatives INFRASTRUCTURE DEVELOPMENT While monetar y gains are an important part of our success, we consider the empowerment and growth of the COVID-19 WILDLIFE communities where we CONSERVATION RELIEF MEASURES do business to be just as important. With the communities in min

  34. Slide 34: Wildlife Conservation

    BUILD SUSTAIN GROW Wildlife Conservation Madras Crocodile Bank Trust For forest staff chowkis and By engaging with local The Astral Foundation is received a grant from the Ness (places of community communities, the Astral dedicated to assisting the Astral Foundation to suppor t OLYLQJ WKH$VWUDO)RXQG

  35. Slide 35: Healthcare

    BUILD SUSTAIN GROW Healthcare Astral Foundation through Astral Foundation arranged As par t of the Arogyam Under the ‘Happy Project’, the Astral Charitable Trust an eye check-up camp in project, Astral Foundation Astral Foundation helps attempts to strengthen the collaboration with Bareja has provid

  36. Slide 36: COVID-19 Relief Measures

    BUILD SUSTAIN GROW COVID-19 Relief Measures Astral Foundation through its During Covid-19, the Astral Foundation Astral Foundation provided 10 oxygen implementation came for ward to suppor t and ser ve those concentrators to Sola Civil Hospital, par tner @guardbook_foundation that in need by deliver

  37. Slide 37: Supporting the Specially Abled

    BUILD SUSTAIN GROW Supporting the Specially Abled To help the specially-abled women of The Viklang Vidhya Vihar and the Viklang Astral Foundation has extended suppor t Bhuj, Kutch, Astral Foundation donated Kanya Kunj School in Madhapar, Kutch, to AndhKalyan Kendra (A public charitable 20 sewing mac

  38. Slide 38: Women Healthcare

    BUILD SUSTAIN GROW Women Healthcare The Astral Foundation initiated the Pregnant women registered at Shri Jalaram "Arogyam" healthcare campaign. This Aarogya Seva Trust Meghraj received free project will ser ve 11 villages in the medicines and medical tests as par t Gandhinagar area for the next thr

  39. Slide 39: Education

    BUILD SUSTAIN GROW Education Astral Foundation has par tnered with the Kaushalya, a unique initiative of vocational education scholarship por tal Vidyasaarathi training courses for underprivileged youth, to implement a scholarship program. was launched by Astral Foundation in Under the initiative, s

  40. Slide 40: Infrastructure Development

    BUILD SUSTAIN GROW Infrastructure Development The Anganwadis in the surrounding areas In Ahmedabad, the Astral Foundation Astral Foundation has facilitated have been renovated and upgraded by helped to procure 695 kg of wires that Ahmedabad Municipal Corporation with the Astral Foundation. We at Ast

  41. Slide 41: Sustainability Initiatives

    BUILD SUSTAIN GROW Sustainability Initiatives TRAINING TRAINING EMPLOYEE EMPLOYEE CSR ESG Substantial Increase in RECREATION RECREATION 35% growth in Increase in solar AND EDUCATION AND EDUCATION increase in man hours by CSR expenditure energy capacity training hours 148% - i.e., from Setup a librar

  42. Slide 42: Way Forward

    Way Forward INDUSTRY OUTLOOK - ADHESIVES 47 WAY FORWARD 43 AND SEALANTS REVENUE OUTLOOK FOR NEXT 5 48 INDUSTRY OUTLOOK - PIPES 45 YEARS - ADHESIVES AND SEALANTS REVENUE OUTLOOK FOR NEXT 5 46 YEARS - PIPES OPTION VALUE 49 ASTRAL LIMITED MAY 2022

  43. Slide 43: Way Forward (1/2)

    BUILD SUSTAIN GROW Way Forward (1/2) Even in the face of Astral's brand appeal the pandemic, Astral and distribution reach continued to thrive. (dealer-distributor- SOXPEHU QHWZRUN KDV Now that the economy risen significantly, giving has opened up, we our teams further anticipate more robust confide

  44. Slide 44: Way Forward (2/2)

    BUILD SUSTAIN GROW Way Forward (2/2) ঃa1,000 CR CAPEX INVESTED IN THE LAST 5 YEARS ঃa 1,500 CR PROJECTED ADDITIONAL PAINTS WATER TANKS REVENUES FROM NEW PRODUCTS IN THE NEXT 4-5 YEARS FAUCETS DRAIN PRO $VWUDOKDVLQYHVWHGಶa A new PP drainage Crores in CAPEX in the last product which has 5 years. The u

  45. Slide 45: Industry Outlook – Pipes

    BUILD SUSTAIN GROW Industry Outlook – Pipes Unorganized players Govt. spending in Industry consolidation continue to face various schemes will will continue in coming challenges which is receive momentum in time. helping organized coming years, which players, as was significantly slowed demonstrated

  46. Slide 46: Revenue Outlook for Next 5 Years – Astral Pipes

    BUILD SUSTAIN GROW Revenue Outlook for Next 5 Years – Astral Pipes 15% WE EXPECT TO CONTINUE Overall Shift from Higher growth New product TO GROW AT 15% CAGR IN NEXT 5 YEARS. Industry unorganized from recently launches growth of to organized launched 9% - 10% sector products We communicated last yea

  47. Slide 47: Industry Outlook – Adhesives & Sealants

    BUILD SUSTAIN GROW Industry Outlook – Adhesives & Sealants Higher chemical prices New categories to Expecting the industry to support financially outpace other to grow in double digits capable companies to categories in terms of under normal grow their market growth in coming years. circumstances, w

  48. Slide 48: Revenue Outlook for Next 5 Years – Astral Adhesives

    BUILD SUSTAIN GROW Revenue Outlook for Next 5 Years – Astral Adhesives 15% WE EXPECT TO CONTINUE Overall Shift from Higher growth New product TO GROW AT 15% CAGR IN NEXT 5 YEARS. Industry unorganized from recently launches growth of to organized launched double digit sector products We communicated

  49. Slide 49: Option Value

    BUILD SUSTAIN GROW Option Value +XJHFDVKRQERRNಶ&U East India plant represents Two additional new pipe locations, that will help the Company to a strong option value over Sangli and Aurangabad, can increase grow organically and the next 5 years market shares in Maharashtra and inorganically. Southern

  50. Slide 50: Financial Highlights

    Financial Highlights PIPES BUSINESS 51 CONSOLIDATED 56 MARKET OPPORTUNITY VS ASTRAL 59 ADHESIVES BUSINESS 54 MARKET SHARE GROUP REVENUE BREAKUP 55 KEY TAKE AWAY 60 ASTRAL LIMITED MAY 2022

  51. Slide 51: Pipes Business (1/3)

    BUILD SUSTAIN GROW Pipes Business (1/3) REVENUE FROM OPERATION EBIDTA AND EBIDTA MARGIN PBT (BEFORE EXCEPTIONAL ITEM) ಶ 0 1 ಶ 0 1 ಶ 0 1 21.59% 22.3 28.06% 35.56% 5,485 4 YEARS CAGR 19.2 4 YEARS CAGR 4 YEARS CAGR 34,433 18.6 16.5 4,514 38.49% 19.31% 21.51% 5,552 24,863 Y-O-Y GROWTH Y-O-Y GROWTH Y-O-Y

  52. Slide 52: Pipes Business (2/3)

    BUILD SUSTAIN GROW Pipes Business (2/3) CAPACITY UTILIZATION SALES , 1 ¶ 0 7 , 1 ¶ 0 7 9.26% 9.50% Y-O-Y Y-O-Y GROWTH 149.57 PRODUCTION 274.82 GROWTH 257.95 136.59 132.20 CAPACITY 238.73 122.99 ,1 07 PRODUCTION 205.29 VOL. ,1 07 142.40 135.64 130.34 120.82 INVESTOR PRESENTATION INVESTOR PRESENTATION

  53. Slide 53: Pipes Business (3/3)

    BUILD SUSTAIN GROW Pipes Business (3/3) WORKING CAPITAL , 1 ' $ < 6 INVENTORY 75 NO. OF DAYS DEBTORS NO. OF DAYS 57 58 NET WORKING CAPITAL NO. 53 OF DAYS 43 38 27 26 INVESTOR PRESENTATION 25 16 INVESTOR PRESENTATION 18 12 FY19 FY20 FY21 FY22 In FY20 Inventory days are higher than normal days mainly

  54. Slide 54: Adhesives Business Summary of Subsidiaries

    BUILD SUSTAIN GROW Adhesives Business Summary of Subsidiaries REVENUE FROM OPERATION EBIDTA AND EBIDTA MARGIN ಶ 0 1 ಶ 0 1 16.71% 14.56% 4 YEARS CAGR 4 YEARS CAGR 15.5 31.56% 29.71% 10,091 2 YEARS CAGR 2 YEARS CAGR 13.5 12.8 13.1 1,137 37.39% 13.19% Y-O-Y GROWTH Y-O-Y GROWTH EBITDA 7,345 0$5*,1 856 6

  55. Slide 55: Group Revenue Breakup

    BUILD SUSTAIN GROW Group Revenue Breakup FY 21-22 FY 20-21 , 1 , 1 INVESTOR PRESENTATION INVESTOR PRESENTATION 77% PIPES 23% ADHESIVES 76% PIPES 24% ADHESIVES COMPANY PRODUCT BRAND - BUILDING SUSTAINABILITY WAY FINANCIAL OVERVIEW OFFERINGS INITIATIVES INITIATIVES FORWARD PERFORMANCE 55 62

  56. Slide 56: Consolidated (1/3)

    BUILD SUSTAIN GROW Consolidated (1/3) REVENUE FROM OPERATION EBIDTA AND EBIDTA MARGIN PBT (BEFORE EXCEPTIONAL ITEM) ಶ 0 1 ಶ 0 1 ಶ 0 1 20.56% 20.9 25.72% 31.78% 43,940 4 YEARS CAGR 4 YEARS CAGR 4 YEARS CAGR 17.6 6,485 17.9 15.8 38.34% 18.97% 21.67% 5,330 31,763 6,626 Y-O-Y GROWTH Y-O-Y GROWTH Y-O-Y G

  57. Slide 57: Consolidated (2/3)

    BUILD SUSTAIN GROW Consolidated (2/3) WORKING CAPITAL , 1 ' $ < 6 INVENTORY NO. OF DAYS 77 DEBTORS NO. OF DAYS NET WORKING 61 CAPITAL NO. OF DAYS 58 54 56 41 49 32 32 22 INVESTOR PRESENTATION INVESTOR PRESENTATION 27 21 FY19 FY20 FY21 FY22 Inventory days are higher than normal days in Mar 20, mainly

  58. Slide 58: Consolidated (3/3)

    BUILD SUSTAIN GROW Consolidated (3/3) NET CASH BALANCE ಶ 0 1 NET CASH 5,566 BALANCE 4,094 INVESTOR PRESENTATION INVESTOR PRESENTATION -554 -1,772 FY19 FY20 FY21 FY22 COMPANY PRODUCT BRAND - BUILDING SUSTAINABILITY WAY FINANCIAL OVERVIEW OFFERINGS INITIATIVES INITIATIVES FORWARD PERFORMANCE 58 62

  59. Slide 59: Market Opportunity vs Astral Market Share

    BUILD SUSTAIN GROW Market Opportunity vs Astral Market Share PLASTIC AND INFRA PIPES WATER TANKS PAINTS ಶ , 1 &5 2 5 ( 6 ಶ , 1 &5 2 5 ( 6 ಶ , 1 &5 2 5 ( 6 35,000 3,323 5,000 43 55,000 215 90.51% 9.49% 99.14% 0.86% 99.61% 0.39% O T H ER T H A N A S T R A L A S T R A L M A R K ET S H A RE O T H ER T H

  60. Slide 60: Key Take Away

    BUILD SUSTAIN GROW Key Take Away Good demand Unorganized Recently launched uptake in the regional players products continue industries continue to loose to drive good %RWK3LSHV $GKHVLYHV market share growth New launches are in East India will Contributions pipeline for the be a good growth from valu

  61. Slide 61: Disclaimer

    BUILD SUSTAIN GROW Disclaimer The information in this presentation has been prepared for use in presentations by Astral Limited (the ´&RPSDQ\µ for information purposes only and does not constitute, or should be regarded as, or form part of any offer, invitation, inducement or advertisement to sell o

  62. Slide 62: Thank You

    Thank You C O N TA C T U S REGISTERED & CORPORATE OFFICE, AHMEDABAD ASTRAL LIMITED )250(5/<.12:1$6$675$/32/<7(&+1,./,0,7(' "ASTRAL HOUSE" 207/1, Behind Rajpath Club, Off. S.G. Highway, Ahmedabad - 380059, India. +91-79-66212000 | +91-79-66212121 info@astralpipes.com ASTRAL LIMITED MAY 2022

Astral — Investor Presentation (May 2022) on 6ix