Astral Limited · NSE:ASTRAL

Astral — Astral Poly Technik — Investor Presentation (May 2019)

17 slides from Astral's investor presentation, May 22, 2019

1. Slide 1: Analysts' Meet

   Analysts’ Analysts’Meet Meet 22/05/2019 22/05/2019 Mumbai Mumbai

2. Slide 2: Corporate Structure

   CORPORATE STRUCTURE ASTRAL POLY TECHNIK LIMITED RESINOVA SEAL IT APL ABPL CHEMIE LTD UK KENYA 100% 97.45% 80% 50% SEAL IT USA 100%

3. Slide 3: Astral Group – Production Facilities

   ASTRAL GROUP – PRODUCTION FACILITIES

4. Slide 4: Piping Business (INR Mn.) – Net Revenue, EBITDA

   PIPING BUSINESS (INR MN.) NET REVENUE EBIDTA 3,154 19,157 2,477 15,819 2,153 14,767 13,180 1,670 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 Sales of FY 18 is regrouped in compliance with Ind AS 115. During the year 18-19, Rex Poly extrusion is amalgamated with the company w.e.f. July 10, 2018.

5. Slide 5: Piping Business (INR Mn.) – PBT, PAT

   PIPING BUSINESS (INR MN.) PBT (BEFORE EXCEPTIONAL ITEM) PAT 2,202 1,415 1,836 1,592 1,190 1,066 1,039 729 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 During the year 18-19, Rex Poly extrusion is amalgamated with the company w.e.f. July 10, 2018.

6. Slide 6: Piping Business (INR Mn. except EPS)

   PIPING BUSINESS (INR MN. EXCEPT EPS) EPS (IN INR) CASH PROFIT 11.76 2,086 9.94 8.90 1,657 1,484 6.12 1,083 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 During the year 18-19, Rex Poly extrusion is amalgamated with the company w.e.f. July 10, 2018.

7. Slide 7: Piping Business – Ratios, Capacity & Production

   PIPING BUSINESS – RATIOS, CAPACITY & PRODUCTION DEBT / EQUITY RATIO CAPACITY UTILIZATION (IN ‘000 MT) 0.23 0.18 0.17 205.29* 0.12 FY16 FY17 FY18 FY19 152.10 137.71 SALES (IN ‘000 MT) 127.76 120.82 105.75 87.69 77.91 122.99 103.99 89.45 77.94 FY16 FY17 FY18 FY19 FY 16 FY 17 FY 18 FY19 During the year

8. Slide 8: Piping Business – Working Capital Ratio (in Days)

   PIPING BUSINESS – WORKING CAPITAL RATIO (IN DAYS) Inventory No. of days Debtors No. of days Net Working Capital No. of days 66 61 58 57 55 51 49 49 43 47 38 34 FY16 FY17 FY18 FY19 Sales of FY 18 is regrouped in compliance with Ind AS 115. During the year 18-19, Rex Poly extrusion is amalgamated with

9. Slide 9: Adhesives Business Summary of Subsidiaries (INR Mn.)

   ADHESIVES BUSINESS SUMMARY OF SUBSIDIARIES (INR MN.) RESINOVA- SEAL IT–UK & USA ADHESIVE TOTAL- NET REVENUE NET REVENUE NET REVENUE 6,347 4,370 1,977 3,786 5,265 3,191 4,584 1,479 3,940 1,363 1,393 2,577 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 Sales of FY 18 is regrouped in compl

10. Slide 10: Adhesives Business Summary of Subsidiaries (INR Mn.)

    ADHESIVES BUSINESS SUMMARY OF SUBSIDIARIES (INR MN.) RESINOVA- SEAL IT–UK & USA ADHESIVE TOTAL- EBIDTA EBIDTA EBIDTA 856 732 181 816 675 509 132 586 420 84 288 77 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19

11. Slide 11: Group Revenue Breakup – FY 18-19

    GROUP REVENUE BREAKUP – FY 18 –19 Piping 74% Adhesives 26%

12. Slide 12: Consolidated (INR Mn.)

    CONSOLIDATED (INR MN.) NET REVENUE EBIDTA 3,968 25,073 3,268 20,729 18,947 2,703 16,778 2,035 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 Sales of FY 18 is regrouped in compliance with Ind AS 115. FY 19 is inclusive of Rex Poly numbers from July 10, 2018.

13. Slide 13: Consolidated (INR Mn.)

    CONSOLIDATED (INR MN.) PBT PAT 2,834 2,481 1,973 2,007 1,757 1,446 1,315 1,019 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 FY 19 is inclusive of Rex Poly numbers from July 10, 2018.

14. Slide 14: Consolidated (INR Mn. except EPS)

    CONSOLIDATED (INR MN. EXCEPT EPS) EPS CASH PROFIT 16.27 2,788 14.62 2,328 12.08 1,948 8.49 1,437 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 FY 19 is inclusive of Rex Poly numbers from July 10, 2018.

15. Slide 15: Group Working Capital Ratio (in Days)

    GROUP WORKING CAPITAL RATIO (IN DAYS) Inventory No. of days Debtors No. of days Net Working Capital No. of days 65 63 60 58 62 55 56 49 52 54 49 41 FY16 FY17 FY18 FY19 Sales of FY 18 is regrouped in compliance with Ind AS 115. FY 19 is inclusive of Rex Poly numbers from July 10, 2018.

16. Slide 16: Key Take Aways

    KEY TAKE AWAYS: • In FY19 Rex numbers are considered from July 10, 2018 onwards • The full year numbers of Rex will be considered from next year • Infra product expansion (Rex) will be completed in July 2019 • Hosur: Depot building completed and operational, production building completed, machinery

17. Slide 17: Thank You

    THANK YOU astralpipes.com | astraladhesives.com

Astral Poly Technik — Investor Presentation (May 2019) on 6ix