Slide 1: Cover letter to stock exchanges
Date: 14th February, 2024 BSE Limited (BSE) National Stock Exchange of India Limited (NSE) Department of Corporate services Exchange Plaza, Phirojee Jeejeebhoy Towers Plot no. C/1, G Block, Dalal Street, Mumbai – 400023 Bandra-Kurla Complex, Bandra (E), Mumbai – 400051 Scrip Code: 500136 Symbol: EST
Slide 2: Investor Presentation February 2024
vestor Presentation February 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; Q3 & 9M FY24 Performance
About Us Q3 & 9M FY24 Performance 3
Slide 5: Diversified business portfolio and sales mix
Sales Mix (Q3FY24) Diversified business portfolio Polyester Comprehensive product suite Films 89% State-of-the-art manufacturing facilities Global footprint Specialty Polymers 11% Experienced management team Healthy financial Position 4
Slide 6: Company key facts
1985 GURGAON, INDIA #2 Year of Incorporation Corporate Headquarters Business Segments* 500 – KHATIMA, About 50 COUNTRIES SITARGANJ, GURGAON CRISIL A - (Industry Outlook – Negative) 175 - HYDERABAD Global Footprint People Credit Rating (Long Term) PF - Polyester Film; SP - Specialty Polymers 5
Slide 7: Sitarganj, Khatima, Gurgaon locations
Sitarganj Haryana Uttarakhand Gurgaon Khatima Telangana* Corporate Headquarter Manufacturing facility *Commercial production at New BOPET Film plant at Telangana commenced on 20th January 2023 6
Slide 8: We serve about 50 countries
ESTER IMETETSS LT, Ha hot ok eS *
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Slide 10: Standalone results – continued operations
Particulars – Continued Operations (Rs.cr) Q3 FY24 Q3 FY23 % 9MFY24 9MFY23 % Total Income 210.9 204.4 3.2 661.4 839.0 (21.2) EBITDA (including Non operating income) (1.2) 6.2 - 14.0 98.4 (85.8) Margins (%) - 3.0 - 2.1 11.7 (960 bps) PAT (Continuing operations) (16.1) (8.8) - (34) 32.9 - Margins (%)
Slide 11: Consolidated results – continued operations
Particulars – Continued Operations (Rs.cr) Q3 FY24 Q3 FY23 % 9MFY24 9MFY23 % Total Income 272.4 200.4 35.9 810.5 832.2 (2.6) EBITDA (including Non operating income) (14.9)* 6.3 - (5.8) 95.5 - Margins (%) - 3.2 - - 11.5 - PAT (Continuing operations) (44.8) (9.3) - (97.3) 29.4 - Margins (%) - - - - 3.
Slide 12: Chairman's commentary on results
Commenting on the results, Mr. Arvind Singhania, Chairman, Ester Industries said “Our performance for the quarter is expectedly soft given the challenges grappling both our businesses at present. Specialty Polymer business continues to trend well below its true potential amidst the demand uncertaint
Slide 13: Specialty Polymer
oe 4 ¢ ESTER INDUSTRIES LTD. Specialty Polymer 12
Slide 14: 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 13
Slide 15: Innovative PBT supply to a global chemical leader
Regularly manufacturing & supplying Innovative Successful extension of the ‘Manufacture and Supply Polybutylene Terephthalate (PBT) polymers to a global Agreement’ entered with a global chemical leader in April chemical leader 2019 Ester Industries is among the only company globally Achieved sales o
Slide 16: Specialty Polymers 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 17: Specialty Polymer performance and volumes
Figs. in cr Q3 Q3 Q2 Volumes (MT) Particulars % % FY24 FY23 FY24 Q3FY23 Q3FY24 Sales (Vol's MT) 558 405 37.8 599 (6.8) Revenue 22 16 39.5 27 (20.2) 74 EBIT 0.2 4 (94.6) 6 (96.4) Innovative PBT 314 Margins (%) 0.95 24.9 (2395 bps) 21.3 (2035 bps) ▪ Demand sentiments continue to remain soft amidst unc
Slide 18: Packaging (BOPET) Film Business
ESTER INDUSTRIES LTD. Packaging (BOPET) Film Business 7
Slide 19: Global and domestic BOPET 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 20: Film business capacity and key facts
108,000 23,200 #35 MTPA MTPA Years of experience Polyester Film capacity Metallized Polyester Film capacity (including Telangana capacity) (including Telangana capacity) About 67,000 Telangana 50 24% MTPA Plant Export market Share of value-added Polyethylene Terephthalate Commercial production (# of
Slide 21: Value added products and domestic/export mix
Value Added (%) *Film business (excl. chips) Domestic Exports 28 25 24 20% 20% 19% 22 23% (Rs.cr) FY23 Q1FY24 Q2FY24 Q3FY24 EBIT 72 4.0 -2.4 -3.9 80% 77% 80% 81% Margins (%) 8.1 2.3 -1.4 -2.4 FY23 Q1FY24 Q2FY24 Q3FY24 FY23 Q1FY24 Q2FY24 Q3FY24 Pass through business model for Product mix – despite re
Slide 22: 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 21
Slide 23: Film business performance Q3FY24
Figs. in cr Particulars Q3FY24 Q3FY23 % Q2FY24 % Sales (Vol’s MT) 12,816 12,734 0.6 12,892 (0.6) Revenue 182 181 0.6 210 (13.3) EBIT (3) (2) - (1) - Margins (%) - - - -1 - ▪ External challenges persists, impacting sales volume and realisations. Temporary demand-supply imbalance following commissioni
Slide 24: Ester Filmtech Telangana plant performance
▪ 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.74 crore during Q3FY24; volumes of 6,965 MT ▪ Low margins and
Slide 25: Ester Filmtech financials
Particulars – Continued Operations (Rs.cr) Q3 FY24 9M FY24 Net Sales 73.3 201.4 Other Operating Income 0.6 1.4 EBITDA (15.2) (25.8) Other Non-Operating Income 1.5 5.9 Cash Profit (22.4) (44.2) PBT (28.7) (63.2) PAT (28.7) (63.2) *Rs (15.2) crores EBITDA includes adverse foreign exchange fluctuation
Slide 26: About Us and contact details
About Us: (CIN :- L24111UR1985PLC015063) Incorporated in 1985, Ester Industries Limited (EIL) is an ISO 9001:2008,ISO 22000:2005,TS16949:2002 certified Company engaged in the manufacture of Polyester Films, Specialty Polymers and Polyester Chips with manufacturing facilities located in Khatima & Sit
Slide 27: Thank You
KK ERS 2. 1 nt tines een a ae (NS. ROC AH Rit) la At ei § OE LTT aL | ‘iy 7 a WSs Seep ~ = ESTER Thank You INDUSTRIES LTD.