Rhi Magnesita India Limited · NSE:RHIM
Rhi Magnesita India — Q4 FY26 Earnings Presentation
44 slides from Rhi Magnesita India's earnings presentation, May 29, 2026
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 29 May 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exch
Slide 2: RHI Magnesita India Limited Investor Presentation Q4 FY26
RHI Magnesita India Limited Investor Presentation Q4 FY26 29th May, 2026
Slide 3: Agenda
Safety Key Highlights Financial Highlights Strategy Updated ESG Update RHIM India at a Glance
Slide 4: Health & Safety
Health & Safety Safety remains our highest priority, without exception ✓ The Safety Culture Transformation program is currently being rolled out across all our manufacturing facilities, LTIF: 0.01 TRIF: 0.14 customer sites, and warehouses. Initiated Wave-2 of Q4 FY26 Q4 FY26 Area of Transformation (
Slide 5: Health & Safety
Health & Safety Rewards and Recognition 9 Customer site locations recognized by WRA for exemplary safety performance Robust risk World Class Disciplined management Safety safety culture framework Protocols Driving a safety culture centered on zero harm across all operations 4 WRA : World Refractory
Slide 6: Best Safety Performance Awards & Customer Recognition
ESG | SAFETY | OPERATIONAL EXCELLENCE Best Safety Performance Awards & Customer Recognition Multiple customer recognitions for excellence in workplace safety Awarded by marquee steel producers including SAIL, JSPL and JSW Reflects strong operating discipline and robust safety governance across sites
Slide 7: Key Highlights FY26
CE RHI MAGNESITA Key FY26 Driving performance. Creating value. Building a stronger, sustainable future.
Slide 8: Key Highlights
Key Highlights Market Update ▪ Global industrial markets remain challenged by geopolitical volatility, rupee depreciation, and elevated input costs in raw materials and energy ▪ Steel industry is accelerating on the back of infrastructure and manufacturing growth, driven by strong domestic consumpti
Slide 9: Financial Highlights
Financial Highlights Building performance Shaping progress
Slide 10: FY 2026 vs FY 2025
FY 2026 vs FY 2025 Revenue from Adjusted EBITDA* Operating Cash Flow Shipment Operations ₹ 401,995 L ₹ 47,689 L ₹ 40,910 L 523 KT 9% 6% 9% 5% Capex Adjusted EPS** Working Capital Net Debt/EBITDA Intensity ₹ 13,490 L ₹ 8.4 38% -0.1X 15% 14% 1% 0.4x Delivering growth, resilient spirit in an ever-chang
Slide 11: Performance Highlights
Performance Highlights Record annual revenue crosses ₹4,000 Crore FY26 vs FY25 milestone, reflecting operational resilience ▪ Steel Segment delivering Strong growth from Tundish ISO, Tundish Slide Gate along with steel ladles and electric furnace projects Revenue from Operations (₹ Lakhs) ▪ Ironmaki
Slide 12: Profit and Loss Snapshot
Profit and Loss Snapshot ₹ Lakhs Production: Q4 FY26 Q3 FY 26 FY26 FY25 ▪ -4% vs Q3 FY’26 Production - MT 79,443 82,493 0 339,717 326,481 0 ▪ +4% vs FY’25 Shipment - MT 116,609 135,806 0 523,396 499,965 0 Avg realisation/MT 79,948 80,410 0 76,805 73,495 0 Shipment: Income 95,709 109,356 0 404,853 37
Slide 13: Working Capital intensity and Cash Conversion
Azim Syed Finance Working Capital intensity and Cash Conversion Geopolitical Disruptions Drive Inventory Build-Up Inventory days Inventory intensity Inventories (₹Lakhs) 29% 28% 27% 29% 23% Working capital (₹Lakhs) 107,355 105,761 110,231 109,886 98,715 116 113 106 101 112 39% 38% 38% 37% €98m €97m
Slide 14: Net Debt Bridge FY26 vs. FY25
Net Debt Bridge FY26 vs. FY25 Further Strengthening our position and achieved negative leverage post acquisition Net Debt/EBITDA 0.3x -0.1x ₹ Lakhs 14,663 1,222 -2,877 1,304 3,957 -2,169 -738 -45,354 5,163 -6,895 6,671 13,490 -2,226 FY25 Operating Working Capex Taxes Paid Dividend ReinstatementAcqui
Slide 15: Strategy
LE RHI MAGNESITA Strateg Focused today. Oo CO? FOCUS GROWTH VALUE Disciplined execution Expanding capabilities Delivering sustainable on our strategic and unlocking new value for all our priorities. ‘opportunities. stakeholders.
Slide 16: Our Strategy
Our Strategy Building a Higher-Quality, Less Commoditized Industrial Solutions Business Outgrow the Expand 4PRO Digitization and Drive Cost Build Sustainability market contracts Technology Competitiveness Edge Drive above industry Evolve from product Enhance performance Drive efficiency and Advance
Slide 17: Ironmaking: Driving growth in a strong industry
Ironmaking: Driving growth in a strong industry Shaping the future of ironmaking solutions Ironmaking Industry in Strategic Initiatives Strategic Outlook Executing strategic initiatives India Iron Making ▪ Iron ore market projected to Establish and growing presence Commissioned a new semi-automati
Slide 18: Why 4PRO Creates a Structural Advantage
@Why 4PRO Creates a Structural Advantage Transforming refractories from a transactional product bu: INDUSTRY REALITY The refractory industry remains highly commo ®2080 RESULT zed, characterized by: Fragmented market with numerous regional and global players Standardized production processes and acce
Slide 19: The beauty of 4PRO
The beauty of 4PRO What started as product differentiation expanded step by step into a broader solution model: Data Circular Integration Economy Supply Resilience Digitalization Robotics Automation M&A Machinery Performance Inventory Service Product 2000 2020 to 2025+ 2025 Foundational Era: Product
Slide 20: 4PRO Revolutionizing Steelmaking in India
4PRO Revolutionizing Steelmaking in India: India’s First Complete Robotic Solution in Caster Operation Operational Success: Ladle Shroud Change Sampling and temperature measurements Shroud cleaning Open frozen Ladle (O2 Powder Feeding in Tundish Lancing) Commercial Momentum Successfully
Slide 21: Lining Evaluation Scan (LES)
Lining Evaluation Scan (LES) Digitalizing kiln Inspections ▪ Rotary kilns are often regarded as a “black box“ ▪ Evaluating the lining thickness is key for optimizing the kiln’s performance. However, this task is regularly done in a time-consuming, manual, and subjective way ▪ LES enables the custome
Slide 22: Innovate, Optimize and Deliver
Innovate, Optimize and Deliver R&D powering Sustainable value creation STRATEGIC MOVES FOR COST COMPETITIVENESS New Product Transfers and Development Harmonization of Products Driving innovation-led cost advantage Standardization and efficiency for lower cost ✓ High quality Magnesia Chrome bricks fo
Slide 23: Glimpse of New Product offerings
Glimpse of New Product offerings Magnesia Spinel Thin Slab ISO High Chromium bricks for Coal Gassifier Maxial 45D-IN Bricks Magnesia Chrome Brick Eco Grade Cement 99% Alumina Chimney Resistal for RH Degasser Kiln bricks Block Lining 22
Slide 24: 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 25: Record-Setting Ladle Lining Performance
Record-Setting Ladle Lining Performance Steel Authority of India Ltd. (SAIL) — Rourkela Steel Plant Record achieved : Rourkela Steel Plant (SMS-II) set a new national benchmark with 210 heats on a single 150-tonne steel ladle — surpassing the previous best of 206 heats RHI Magnesita’s Contribution
Slide 26: Customer Validation & Industry Recognition
Customer Validation & Industry Recognition Agile Partner of the Year – 2025 | Tata Steel Success Highlights: Recognized for agility and operational excellence in steelmaking operations Strong execution in Electric Arc Furnace (EAF) Demonstrated innovation-led collaboration with Tata Steel team
Slide 27: 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 2 ‘Local for local’ manufacturing strategy - ‘Make in India’ Recent acquisitions create balanced portfolio of refractory products and a 3 strong platfo
Slide 28: ESG
RS RHI MAGNESITA ESG Advancing responsible growth through innovation and impact W B Y Environment Social Governance Decarbonizing our Empowering people, Upholding integrity, operations and strengthening commun transparency and reducing impact and ensuring safety accountability Sustainability is at t
Slide 29: Operational Sustainability improvements
Operational Sustainability improvements Driving energy efficiency and lower emissions through process optimization and plant modernization FUEL TRANSITION Energy Consumption (kWh per MT of Production) ~13.4% reduction from • Change in fuel from LDO to PNG has resulted in Q4 FY25 to Q4 FY26 substanti
Slide 30: CSR Initiatives
CSR Initiatives Sustainable Development Goals Alignment 41% Health ₹ 647 Lakhs ₹ 211 Lakhs CSR Budget Education 24% ₹123 Lakhs 21 Total Projects Skills & 21% Empowerment ₹ 107 Lakhs 30000+ Total Impact 10% ₹ 51 Lakhs Rural Transformation CSR Award 4% Environment Vizag ₹ 19 Lakhs Andhra Pradesh
Slide 31: RHI Magnesita's CSR Impact stories
RHI Magnesita’s CSR Impact stories Transforming communities through Healthcare, Inclusion and sustainability Healthcare Initiative: NTR Hospital Inclusion and Empowerment Initiative ✓ Renovated critical patient care ✓ Supported establishment of inclusive Blind Bake infrastructure at NTR Hospital, Ca
Slide 32: CSR Award
𝗖𝗦𝗥 𝗔𝘄𝗮𝗿𝗱 By the honorable Chief Minister of Andhra Pradesh Success Highlights: RHI Magnesita has been honored with the Andhra Pradesh CSR Award for its contributions to inclusive development under the P4 initiative Through focused interventions in education, healthcare, rural…
Slide 33: Voluntary Green Rating Initiative
Voluntary Green Rating Initiative Silver Award Certificate Success Highlights: Dalmiapuram Plant has been awarded the Silver Award Certificate under the Tamil Nadu Pollution Control Board (TNPCB) Voluntary Green Rating Initiative. This prestigious recognition is based on the TNPCB initiative lau
Slide 34: Customer Validation & Industry Recognition
Customer Validation & Industry Recognition SAIL Award for Social Governance Excellence | FY26 Success Highlights: Honored for outstanding contribution to Social Governance at the SAIL Value Chain Partners Meet 2025–26 This Recognition reflects RHIM’s commitment to responsible business practices
Slide 35: Empowering Women
+1% YoY Improvement Empowering Women in female workforce Strengthening RHIMIN for the future representation Building an inclusive workplace where every woman can lead, grow and thrive. Women making an impact across RHIMIN INCLUSION AND STRENGTHENING EMPOWERMENT INITIATIVES GENDER DIVERSITY Female le
Slide 36: Strong Governance & Board Oversight
Strong Governance & Board Oversight Leadership, Governance & Strategic Direction BOARD OF DIRECTORS EXECUTIVE & NON-EXECUTIVE DIRECTORS Parmod Sagar Azim Syed Gustavo Franco Alvaro Martin Chairman, MD & CEO WTD* & CFO NED* NED • 40+ years of • Expertise in finance • Global leadership • Group Head of
Slide 37: RHI Magnesita India Limited at a glance
RHI Magnesita India Limited at a glance
Slide 38: 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 39: The Market Leader in Refractories
RHI Magnesita India Limited The Market Leader in Refractories 6,000+ ₹4020 Cr 9 Skilled Workforce* FY 2026 revenue 3 850+ 35 4 2 1 10 Customers Project Sites 12 8 13 1 Jamshedpur, Jharkhand Prod. Plant 8+2 11 7 2 Katni, MP Prod. Plant Production Plants+ 2 6 3 Bhiwadi, Rajasthan Prod. Plant 4
Slide 40: History of RHI Magnesita India Limited
History of RHI Magnesita India Limited Leaders of Refractories in India Incorporation of Acquisition of Acquisition of RHI India Trading refractory business of Ashwath Dalmia & Hi-Tech Technologies Chemicals (Mumbai) Acquisition of Merger of Indian Legal Incorporation of Orient Manishree Entities in
Slide 41: 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 42: Refractory Applications
Refractory Applications Customer Industries Main Application Lifetime and Costs Refractory characteristics Steel Basic oxygen furnace, • 20 minutes to 2 months • Part of customers’ Electric arc furnace, ladles, • c.3% of customers’ costs operational expenditure flow control • Systems and solutions f
Slide 43: 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 44: Consolidated Balance sheet
Consolidated Balance sheet ₹Lakhs Assets Mar-26 Mar-25 Mar-24 Mar-23 Net Fixed Assets 91,945 91,963 198,672 201,402 Goodwill 32,448 86,717 86,717 128,351 Investment in subsidiaries 93,162 100,622 1 1 Deferred tax assets (net) 4,719 4,230 2,159 - Other Assets 5,131 3,634 4,188 3,810 Non-Current Asset