Slide 1: Exchange filing cover letter for investor presentation
7/Govt/SE/2025-26/0025 19th August, 2025 National Stock Exchange of India BSE Limited Limited Exchange Plaza, 5th Floor, Department of Corporate Service Plot No. C/1, G Block, Bandra-Kurla Phiroze Jeejeebhoy Towers Complex, Bandra (East), 25th Floor, Dalal Street Mumbai 400 051 Mumbai - 400 001 Trad
Slide 2: Pakka: Packaging with a Soul - Investor Call Q1 FY 2025-26
OPAKKA Packaging with a Soul Investor Call - QIFY 2025-26
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Slide 4: India Business Performance
INDIA BUSINESS PERFORMANCE OPAKKA
Slide 5: Business Financial Update - Consolidated
| BUSINESS FINANCIAL UPDATE - CONSOLIDATED REVENUE PAT 421 Cr. 38 Cr. FY-25 FY-25 vs 413 Cr. in FY-24 vs 41Cr.in FY-24 A 2% ev VW 8%». OPAKKA
Slide 6: Revenue
J REVENUE QT FY-26 FY25 $4.26 .. 423... vs 99.59 Cr.in QT FY-25 vs 415 Cr. in FY-24 vs 96.21Cr.In Q4’ FY-25 Vv 15% QI FY-25 A 2% FY-24 Vv 12% Q4' FY-25 | Successful execution of planned Pulp Mill & PM3 shut for upgrades. | Manufacturing led revenue impact for 14 days in June. Order books healthy. $
Slide 7: PAT
fst QT FY-26 6.54... vs 15.88 Cr. in QT FY-25 vs 12.16 Cr. In Q4’ FY-25 Vv 59% QUFY-25 Vv 46% Q4FY-25 67.15 .. vs 72.64 Cr. in FY-24 Vv 8% FY-24
Slide 8: Revenue - Wrap and Carry
| REVENUE —- WRAP AND CARRY QT FY-26 FY25 70 .. 3G67.. Vv 18% A 3% Vs 85 Cr. (Q4’ FY-25) Vs 358 Cr. FY-24 Vv 18% vs 85 Cr. (Q1’ FY-25) Packaging with a Sout
Slide 9: PBT - Wrap and Carry
| PBT —- WRAP AND CARRY QT FY-26 7. 71.73... Vv 54% A 1.25% Vs 15 Cr. (Q4" FY-25) Ney ee Vv 58% vs 16 Cr. (QT FY-25) Packaging with a Sout
Slide 10: Revenue - Food Services
| REVENUE — FOOD SERVICES QT FY-26 FY25 13.77 «. 56... A 19% = 0% Vs 11.58 Cr. (Q4’ FY-25) Vs 56 Cr. FY-24 WV 5% vs 14.51 Cr. (QT FY-25) Packaging with a Sout
Slide 11: PBT - Food Services
| PBT —- FOOD SERVICES QT FY-26 FY25 -0.61 Cr. -4.59 Cr. -2.68 Cr. 1.80 Cr. Q4' FY-25 FY-24 -0.41 cr. QU FY-25 Packaging with a Sout
Slide 12: Key Ratios
| KEY RATIOS RATIOS INDUSTRY FY 24-25 FY 23-24 FY22-23 FY 21-22 MEDIAN RoE* 10.22% 11.62% 18.38% 24.10% 23.18% RoCE* 13.10% 12.43% 20.13% 31.58% 28.44% Debt to Equity*** 0.44 0.41 0.69 0.48 0.63 * RoCE/RoE carries impact of the Preferential Equity ** Leading peers’ average: (i) Source of Data - Scre
Slide 13: Banking Updates
BANKING UPDATES OPAKKA
Slide 14: Means of Finance - Term Loan
| MEANS OF FINANCE - TERM LOAN Qt FY-26 FY2 |. A 1 o C Bank 20,000 Equity contribution / internal accruals 23,350 — x 1 External Financing (Banks) - 65% 44,150 --- “. -- oe 15,000 1 1 TOTAL 67,500 ' H } AXIS BANK 9,150 All amounts in = Lakhs. § | Disbursement received from Axis Bank. Other soon to d
Slide 15: Key Updates
KEY UPDATES OPAKKA
Slide 16: Pakka
OPAKKA
Slide 17: How?
HOW? gPAKKA
Slide 18: Scale Regenerative Packaging Solutions
SCALE REGENERATIVE PACKAGING SOLUTIONS
Slide 19: Goal - 2030
GOAL - 2030 ol SS 500,000. wow Sos = = $1 Billion Revenue a Pee
Slide 20: Plan 2025-2026
| PLAN 2025-2026 ia © mn Enhance focus and Value create for Commission Jagriti productivity for Focused food service With barrier carry segment segment coated grades s oe @: Build efficiency Fund and establish and strengthen for Project Kawok in innovations Gautemala OPAKKA Packaging with a Sout
Slide 21: Banking Rationalisation, Team Efficacy, Kawok Tweaking
h AXIS BANK rs Ae wore dp o Ve Canara Bank © fia efers ts =— india Exim Bank Team Efficacy Banking Rationalisation 2 CHANGE THAT ENABLES X Rothschild& Co TRUMPONOMIGS LATAM CAPITAL y ~> Kawok Tweaking
Slide 22: Innovations Update
INNOVATIONS UPDATE OPAKKA
Slide 23: Flexible Packaging
l] FLEXIBLE PACKAGING Qs FY 25-26 Complete NM development Q3-04 FY 25-26 | Qa _ Stabilise M3 performance for commercialisation FY 25-26 Pursue M1 pilot for pouch application Le
Slide 24: Food Services
J Foop SERVICES DELIVERY RANGE Containers ¢ Design changed for better leak protection * Glue optimization underway Meal Trays * Ideation and design in progress CLAMSHELLS Final product tests underway. A Y PAKKA Packaging with c Soul
Slide 25: Food Service Business Plan
FOOD SERVICE BUSINESS PLAN OPAKKA
Slide 26: A Change in Leadership: New Business Head
| A CHANGE IN LEADERSHIP: NEW BUSINESS HEAD SHUBHAM TIBREWAL Business Head - Food Services LEADERSHIP Erstwhile Independent Director now leading the food services business. EXPERIENCE Experienced in retail consumer businesses, corporate finance and business turn-arounds. FUTURE PLAN Focus on expandi
Slide 27: Current Scenario and Path Forward
CURRENT SCENARIO PATH FORWARD Ww > a. | Fragmented market | Acquire capacity Ee < = O a 4 | Local cost advantages | Broaden product mix 52 oO mall | Shift towards reusables | B2C opportunity
Slide 28: Strategy & Roadmap
STRATEGY & ROADMAP Packaging with a Soul
Slide 29: The Opportunity: Disposable Market in India
| THE OPPORTUNITY : DISPOSABLE MARKET IN INDIA Revenue share of Plastic 59% Revenue share (2024) India Disposable Food Packaging Market $6.3 BN. Revenue (2024) | CAGR 7.9% India Disposable Tableware Market $425.6 MN. Revenue (2024) | CAGR 9.3% Mostly sold product type HoReCa 65% of total Disposables
Slide 30: The Opportunity: Pakka's Target Market
THE OPPORTUNITY: PAKKA’S TARGET MARKET SHARE Segment Major Customers Share (%) Key Drivers & Use Cases BoB HoReCa, catering, QSR, 60-70 Bulk orders, foodservice, events, hygiene, regulatory institutions compliance Retail Households, individuals, small 30-40 Home parties, travel, seasonal/occasional
Slide 31: The Opportunity: Different Product Categories
THE OPPORTUNITY: DIFFERENT PRODUCT CATEGORIES Product Type Share (%) Estimated Market Size Plates (all types) 45% 1663.9 Cups, Bowls, Tumblers 17.50% 6471 Delivery Containers/Clamshells 22.50% 831.9 Cutlery (spoons, forks, knives) 8.50% 314.3 Other (trays, napkins, lids) 6.50% 240.3 Total in USD 369
Slide 32: The Strategy
| THE STRATEGY SALES EXPANSION OPERATIONAL EFFICIENCIES - ~~ = * Horizontal growth and vertical * Optimize production. growth. * Leverage availability of ¢ De-risk with B2C business. outsourced facilities. * Expansion of export business. PRODUCT INNOVATION Continued expansion of product portfolio to
Slide 33: American Business Plan
AMERICAN BUSINESS PLAN OPAKKA
Slide 34: America's Business Head
| AMERICA’S BUSINESS HEAD EDUCATION ¢ Suffolk University Finance / Economics * MIT Postgraduate Degree Digital Transformation ¢ Harvard University Masters Degree PROFESSIONAL BACKGROUND * Interim CEO, San Diego Sugar Mill (Guatemala) * 20+ Years of experience at C-Level Roles in Multinational Organi
Slide 35: Business Financial Update
| BUSINESS FINANCIAL UPDATE PROJECT SIZING EQUITY / DEBT RAISE KAWOK has been divided into a 3-stage approach: * PAKKA has engaged Rothchild & Co. to support with equity raise. Stage 1: Molded Products (USD $50M - June 2026) * USD $25M in mezzanine under LOI. Due Dilligence Stage 2: Barrier Coated P
Slide 36: Quarterly Plan
QUATERLY PLAN OPAKKA
Slide 37: Q2'26 Commitments
| Q2’26 COMMITMENTS Rationalize food carry division | Food Services supply chain and segment wise product rationalization | Innovations Lead final and clear roadmap for 2025-26 goals | Jagriti speeding up for commissioning within financial year | Kawok rationalization for funding
Slide 38: Thank You!
THANK YOU! oO PAKKA Packaging with a Soul
Slide 39: Disclaimer
Disclaimer This presentation has been prepared by Pakka Limited (the *Company”)and is general background information about the Company's activities and financial result for quarter 1 of financial year 2025-26 at the date of this presentation. The informationin this presentation is provided in summar