Slide 1: Exchange cover letter: Investor Presentation
From Corporate Office: 510, A Wing, Kohinoor City C-I Kirol Road, Off L.B.S. Marg, Kurla CW) Mumbai - 400 O70, India T: +91 22 6708 2600 / 2500 IMPACT POSITIVE 02/11/2023 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal
Slide 2: Investor Presentation – November'23
GRP» IMPACT POSITIVE 7 ~~ Investor Presentation — November’23 Click Here for GRP LTD’s Corporate Video
Slide 3: Disclaimer
Disclaimer GRP» IMPACT POSITIVE This presentation and the accompanying slides (the “Presentation”), which have been prepared by GRP Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: Performance Highlights Q2 & H1FY24
pee GRP? IMPACT POSITIVE Maas™ y Lae ae n Sp sey Wl Bl Performance Highlights Q2 & H1FY24
Slide 5: Q2FY24 Performance (YoY) - Consolidated
Q2FY24 Performance ( YoY ) - Consolidated GRP» IMPACT POSITIVE (in Rs. Mn) Total Income Gross Profit EBITDA a) C7%) 24%) 1,234 710 62 1,148 124 115 608 47 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Income from sale of JV Key Highlights VY The total revenue includes a component of ocean
Slide 6: H1FY24 Performance (YoY) - Consolidated
H1FY24 Performance ( YoY ) - Consolidated GRP» IMPACT POSITIVE (in Rs. Mn) Total Income Gross Profit EBITDA C19) 2,477 1,362 185 186 72 67 2,147 f 1,135 a H1FY23 H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 Income from sale of JV Key Highlights The decline in revenue is a result of a 3% reductio
Slide 7: Operational Highlights
Operational Highlights GRP» IMPACT POSITIVE x There is an uptick in the reclaim rubber volume compared to the previous quarter and improvement account of conversion cost reduction, supported by manpower efficiency and energy savings in EBITDA is on The profit margins were positively impacted by ocea
Slide 8: Segment Wise Quarterly Performance Trend - Standalone
Segment Wise Quarterly Performance Trend - Standalone GRP» IMPACT POSITIVE (in Rs. Mn) C Reclaim Rubber Revenue* Trend +) C Non-Reclaim Rubber Revenue* Trend ) 1,027 130 130 884 116 91 69 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q2FY23 Q3FY23 Q4FY23 QI1FY24 Q2FY24 | | Domestic ma Exports Key Highlights Y
Slide 9: Segmental Financial Highlights - Standalone
Segmental Financial Highlights - Standalone GRP» IMPACT POSITIVE (in Rs. Mn) Reclaim Rubber Non-Reclaim Rubber Particulars (in Rs. Mn)* Q2FY23 Q2FY24 Q2FY23 Q2FY24 Total Income 1,095.2 1,031.2 129.6 116.7 Raw Material 446.8 476.1 82.7 65.5 Other Expenses 548.0 452.6 33.5 37.4 EBIDTA 100.4 102.6 13.5
Slide 10: Profit & Loss Statement - Consolidated
Profit & Loss Statement - Consolidated GRP» IMPACT POSITIVE Profit & Loss (Rs. Mn) Q2FY24 Q2FY23 oa Q1FY24 ae H1iFY24 H1FY23 oa Revenue from Operations 1,144 1,170 -2% 15% 2,137 2,412 -11% Other Income 4 64 10 65 Total Income 1,148 1,234 -7% 999 15% 2,147 2,477 -13% Cost of Goods Sold 541 524 471 1,
Slide 11: Balance Sheet - Consolidated
Balance Sheet - Consolidated GRP» IMPACT POSITIVE ue) ee ee ae SS ee ee Non-Current Assets 1,410 1,248 Equity Share Capital 13 13 Property, Plant and Equipment 1,073 940 Other Equity 1,503 1,461 Capital work in progress 153 110 Come to owners of the 1,516 1,474 Right of use assets 82 83 Non-Controll
Slide 12: Industry Highlights
GRP» IMPACT POSITIVE Industry Highlights
Slide 13: Tyre Graveyards are Increasing across the Globe
Tyre Graveyards are Increasing across the Globe GRP» IMPACT POSITIVE 8 Billion people in 1.7 Billion new Creating huge the world tyres produced a year —— ee > : — wi Wes GRAVEYARDS... 1.4 Billion Over 1 Billion waste vehicles on the road tyres generated per year ... HUGE OPPORTUNITY 12
Slide 14: Presenting a Huge Opportunity
...Presenting a HUGE OPPORTUNITY GRP» IMPACT POSITIVE GRP uses end-of-life tyres to recycle Reclaim rubber, Engineering plastics, Die-cut Huge tyre graveyards that can be seen from space and manufacture products & Polymer Composite products GRPP ase GRPDARE GRPP ees GRPBSEE ems 13
Slide 15: Reduce, Reuse & Recycle
... fo Reduce, Reuse & Recycle GRP» IMPACT POSITIVE REDUCE * Manufactured from 100% recycled rubber and plastics * Product is environmental friendly, strong and durable as a substitute to wood & concrete * Custom die forms engineered from end of life truck and bus bias tyres used in application wher
Slide 16: Global & Indian Tyre Industry Performance
Global & Indian Tyre Industry Performance GRP» Global Tyre Market Indian Rubber Consumption (in Kilo Tonnes) i truck tire Passenger car/Light i (PC/LT), 9MCY23 (%9 change Y-o-Y, iin no. of tyres) | 4.256) v ME Tyres 672 700 ME Non-Tyres oye dam Oay ee) Asia 7 Particulars ene South hA America i oe ee
Slide 17: Positive and Sustainable Outlook: EPR norms for waste tyres
Positive and Sustainable Outlook... GRP» IMPACT POSITIVE MoEFC has introduced EPR norms for waste tyres "Extended Producer Responsibility’ means responsibility of producer of tyres to ensure environmentally sound management of waste tyres as per the provisions of this regulation Proposed EPR targets
Slide 18: Our Business
GRP» IMPACT POSITIVE Our Business
Slide 19: GRP in a Nutshell
GRP in a Nutshell GRP» IMPACT POSITIVE ** GRP was established in 1974, it is a diversified Indian corporation manufacturing and providing high quality sustainable materials to global polymer product companies ** GRP operates 5 business vertical (Reclaim Rubber, Engineering plastics, Custom Die Forms
Slide 20: Gearing Up Towards Fifth Decade & Counting
Gearing Up Towards Fifth Decade & Counting GRP» IMPACT POSITIVE _— __ _ Gujarat Reclaim and Got its first ever Diversified in 1st Unit at Rubber Products export order Custom Die Forms Ankleshwar Limited incorporated i a __ TT Diversified into 5th Unit established at Ath unit established at 3rd Unit
Slide 21: Strategically Located State of the Art Facilities
Strategically Located State of the Art Facilities GRP» IMPACT POSITIVE Our Solapur Facility - Maharashtra Our Ankleshwar Facility - Gujarat Panoli @ Indore Bd @ ankleshwar GipmMumbai @solapur a Ge) Headquarters Cr i ileal. e@ MH Reclaim Rubber Custom Die Forms i. =A . er a = Pee ) 5 x , ay , > ree,
Slide 22: Research & Development Capabilities
Research & Development Capabilities GRP» IMPACT POSITIVE aD =D Application New Products Margin Improvement Customer Relationship & » Continuous development of » Developing new application » Automation of processes new products across diversified industries » Expansion in new product » Environment fr
Slide 23: Diversified Product Applications Across Business Verticals - Reclaim Rubber
Diversified Product Applications Across Business Verticals... GRP» IMPACT POSITIVE Reclaim Rubber B Tyre Applications Non - Tyre Applications Tyre Treads & Retreads Footwear Tyre Side Walls ’ “uy Automotive Profiles Tyre Piles Matting Inner Tubes Inner Liner / \ Adhesives Moulded Goods \ A f \ 7 22
Slide 24: Diversified Product Applications - Engineering Plastics, Custom Die Forms
Diversified Product Applications Across Business Verticals... GRP» IMPACT POSITIVE Engineering Plastics } Custom Die Forms } Industry Applications Applications Consumer Automotive Link Mats Door Mats Electrical & Electronics Industrial Industrial Mats Dock Bumpers Reprocessed Nylon Reprocessed Modif
Slide 25: Diversified Product Applications - Polymer Composite, Repurposed Polyolefins
Diversified Product Applications Across Business Verticals... GRP»IMPACT POSITIVE Polymer Composite } Repurposed Polyolefins } Industry Applications Applications Commercial transportation Livestock transportation Paint Pail Lubricant Pail Military and Government Oil fields Automotive battery cover P
Slide 26: Capacity Addition and Capital Expenditure
Capacity Addition and Capital Expenditure GRP» IMPACT POSITIVE Build up additional capacity for Reclaim Rubber and Engineering Plastics Repurposed Polyolefins Polymer Composite Allied Business over the years (Installed capacity in MT) \ \ XY 2,800 6,200 1,500 3,000 6,000 2021 2022 Total 2021 2022 To
Slide 27: Reputed Tyre and Non-Tyre Customers
Reputed Tyre and Non-Tyre Customers GRP» so pol lo Sissy GROWING TOGETHER BRIDGESTONE = (Ontinental C=AT MSRE Bivie6illl — qoerrren aeYa ore wroronaMa = ET FS GFT TWETW = bandag qlp SUMITOMO RUBBER INDUSTRIES CAMSO J TATA STEEL se only. 26
Slide 28: Reputed Tyre and Non-Tyre Customers
Reputed Tyre and Non-Tyre Customers GRP» @osm (- HORIZON ‘G | HUTCHINSON" Goldmedal SWITCH TO THE AMAZING ADDIS TYRE « KORYO MARANGONI 23> (ORIENTAL PANilkamal’ India's Favourite Furniture Innovation for Customers CONVEY|ALL|THE|WAY sgeamoertrans® Mi oT ie e eM obil A MEMBER OF THE SEMPERIT-GROUP ey
Slide 29: Global Partnerships for Business Growth
Global Partnerships for Business Growth GRP» IMPACT POSITIVE 4) Reclaim Rubber Polymer Composite Successful in setting up a Contract Manufacturing with an reclaim rubber unit in American company since 2017 to Malaysia and handed over to manufacture polymer composite the local partner products in Ind
Slide 30: Board of Directors
Board of Directors GRP» IMPACT POSITIVE Rajendra Gandhi Managing Director More than 40 years in General Management. Graduate engineer from Indian Institute of Technology, Mumbai. Also, a director in Steelcast Ltd. Harsh Gandhi Joint Managing Director 16 years in various Managerial positions. OPM pro