FIBERWEB (INDIA) LTD. — Investor Presentation 2023

Nov 6, 2023

Manufactures of: Spunbond Nonwoven Fabrics

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Date: 06[th] November, 2023

To, To, BSE Limited National Stock Exchange of India Limited Corporate Relations Department, Exchange Plaza, 1st Floor, New Trading Ring, Plot No. C/1, G Block, P. J. Towers, Dalal Street, Bandra - Kurla Complex, Bandra (East), Mumbai - 400 001. Mumbai - 400 051.

Reference: BSE Scrip code - 507910 - Fiberweb (India) Limited NSE Scrip code: FIBERWEB

Sub.: Investor Presentation Q2 FY24

Dear Sir / Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligation & Disclosure Requirement) Regulation, 2015, please find attached herewith Investor Presentation Q2 FY24.

Kindly take note of the same.

hanking you,

Yours faithfully,

For Fiberweb (India) Limited

Digitally signed by KRUTIKA PRADIP GADA DN: c=IN, o=PERSONAL, title=9591, KRUTIKA pseudonym=0f51a82836cdb1fdcafeee17e75afaec, 2.5.4.20=5553B1C876B6329883EDBDDCA10C64E15BB088A72 B21186A2B265B90C2BE0A99, postalCode=400004, st=MAHARASHTRA, serialNumber=28b6e17ab5dbbce3d4036570ce6fd01ce951f2f PRADIP GADA 50301048ed4a1c1d6b9c1219e, cn=KRUTIKA PRADIP GADA Date: 2023.11.06 14:15:09 +05'30' Krutika Gada Company Secretary & Compliance Officer

Encl: As above

Product is manufactured in the plant, where the Management system is certified for ISO 9001 : 2015, 14001 : 2015, ISO 45001 : 2018

Mumbai : “KIRAN”, Ground Floor, 128, Bhaudaji Road, Matunga, Mumbai – 400019. Phone: 91 (22) 2404 4855 / 76 / 24082689 / 90 Regd. Office : Airport Road, Kadaiya, Nani Daman, (U.T.) – 396210.

& Works Phone: 91 (260) 222 0766/0458/1458/1858/0958 E-mail : fiberweb@fiberwebindia.com Website : fiberwebindia.com CIN NO: L25209DD1985PLC004694 ISO 9001:2015, 14001:2015, ISO 45001:2018

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Investor Presentation

Q2 FY24

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Company Overview

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• Fiberweb (India) Ltd. (Bse code – 507910) established in 1985, though it started as a plastics company it ventured into garbage and carrier bags, and gradually ventured into spun bond nonwoven fabrics, first of its kind in India.

• Since commissioning of its plant in 1996, it has been 100% EOU, exporting to countries like UAE, South Africa, Australia, USA, UK & Europe.

Market Data (As on 03-11-23)

Share Price (INR)	31.90
Market Capitalization (₹cr)	91.872
No. of Shares Outstanding (Cr)	2.88
Face Value (INR)	10
52 week High-Low (INR)	32.45/31.55

• The company also has in-house facility for manufacturing stitched garments like medical & Industrial gowns and overhauls, Aprons, Car Covers and Other Made-ups as per clients specifications.

• It has also set-up a new product line of melt blown Nonwoven fabrics used in personal hygiene products like diapers, Face Masks etc.

• The company today having become debt free, is exploring new opportunities & product segments for growth.

Shareholding Pattern as on September 2023

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46.33
53.67
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Promoters Public

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Journey So Far…

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Started exports to North America, Subsequently started exporting to UAE, Europe, UK, South Established as a plastic Africa, New Zealand & moulding company Australia

Subsequently started Successfully Doubled exporting to UAE, capacity of Melt Europe, UK, South Became Zero Debt Blown to 3000 MTPA Established as a plastic Africa, New Zealand & company with positive with Capex of Rs. 10 moulding company Australia net worth Crore 1986 1995 1995-2009 2016 2017 2019 2021 2022 Forayed into Came out of BIFR Successfully commissioned Shares got listed on manufacturing spun 2500 MTPA of leased Melt blown line with a 1500 National Stock bond nonwoven spun bond capacity MTPA capacity Capex Exchange fabrics, 5000 MTPA signed up incurred – Rs. 45 crs. spun bond capacity installed

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Key Strengths of The Company

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Pioneer and amongst leading players in manufacturing of Spun bond nonwoven fabric in India 1 100% EOU, with ~75% of its products exported to US, Europe, UK etc. 2 Well set supply chain, with most of the raw material sourced from the world’s largest O&G company, Exxon Mobil 3 State-of-art manufacturing facility at Daman, with machines procured from Reifenhauser GMBH of Germany 4 Best in class product quality with International accreditations and certifications - ISO 9001- 2008, 14001-2004, OHSAS 18001:2007, Intertek and UKAS 5 Product innovation & cost competitiveness. 6

Pioneer and amongst leading players in manufacturing of Spun bond nonwoven fabric in India 1 100% EOU, with ~75% of its products exported to US, Europe, UK etc. 2 Well set supply chain, with most of the raw material sourced from the world’s largest O&G company, Exxon Mobil 3 State-of-art manufacturing facility at Daman, with machines procured from Reifenhauser GMBH of Germany 4 Best in class product quality with International accreditations and certifications - ISO 9001- 2008, 14001-2004, OHSAS 18001:2007, Intertek and UKAS 5 Product innovation & cost competitiveness. 6

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Core Management Team

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Pravin Sheth

• CA by profession, with over 5 decades of industry experience, Responsible for driving the vision and strategy for Company

Bhavesh Sheth

• Responsible for business development, business process and organization strategy

• Total Experience – 30 years (10 yrs with Fiber web). Earlier worked with Fortune 500 Companies in USA as Senior Management

G Ravindran

• B. Tech (Chem Engg), M.Tech (Ind. Management) – IIT, Kharagpur Responsible for manufacturing facility in Daman Total experience – 40 years, 30 years with Company

Mukesh Pandya

• Qualified FCA, DISA & CISA with more than 30 years experience in accounts, auditing & Taxation.

• He is the Chief Financial Officer of Fiberweb India Ltd (4 years with the Company).

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Why Non Wovens?

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Removes wide range of contaminants from water (i.e. bacteria, viruses, metals, minerals etc.)

Sufficient strength and extensibility to withstand high-speed converting processes; a balance of softness and rigidity to accommodate both packaging and the intended use; fluid transport; absorption, containment & repellences; porosity; and density.

Exceptional permeability, Tear and puncture-resistance & Absorption of fats and oils High retention capacities & high air permeability

High level of flow capacity & High tensile strength. Excellent abrasion resistance & Flame retardant

Apertures between intersecting fibers of nonwoven sheets - big enough to allow air and water to reach crop but small enough to keep out insects

Frost, Weed control and insect protection, Protection allows plants and crops to grow without use of pesticides and herbicides, protects crops against harmful UV rays

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6

Some Day to Day use of Non-Woven

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Clothing

• Shoulder Pads

• Collar /Cuff Interlinking's

• Waddings in jackets

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Hygiene & Medical
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• Baby Diapers & Feminine Hygiene

• Medical masks & surgical gowns.

Furnishing

• Carpets

• Vertical blinds

• Coverings

• Personal care & baby wipes

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Agriculture

• Crop covers

• Land fills/Soil erosion

• Organic Farming canopy

Automobile

• Carpets

• Roof Liners

• Air Bags

Engineering

• Railway Tracks

• Liquid Filtration

• Dust separators

• Oil Absorbents

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Global nonwoven fabric market share by application (2020)

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In %
10
Hygiene & Medical
Industrial
20
Geotextile
50 Automotive
Furnishing
2 Agriculture
3
Others
5
10
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Domestic Industry Dynamics – Opportunities for Growth

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India’s nonwoven market is growing at a rate of 8-10% & the market is expected to grow at a rate of 12-15% in future.

The personal hygiene market is expected to grow @ CAGR of 20% till 2030, led by rising disposable income and increasing awareness

The Geotextile market is expected to reach ~USD 9.3bn by 2022 @ CAGR of 10.2% from 2017

Production of non-woven in India is estimated at ~3.65 lakh MT for 2016, a growth of 17% YoY

Most of the tonnage today is going into low end, cost competitive products constituting of shopping bags, carpets and backings.

India is expected to emerge as the world’s 3rd largest passenger vehicle market by 2022 with annual production to ~5mn vehicles. This will increase the demand for non-woven

However the consistent growth showing up usage in automotive, filtration, geotextiles and the medical and hygiene sector, the growth will escalate in value terms too.

The Indian packaging industry is likely to witness CAGR growth of 18% with the increase in share of non-woven

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Our Manufacturing Facility

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Fiberweb India Ltd. has its manufacturing plant situated in Daman. Spread across an area of 85,000sq.ft.

With one of the most modernised plant & Equipment.

Capacity:-

Spun Bond – 5000 MTPA Melt blown – 3000MTPA

The company has started re-investing in modernization and de-bottlenecking. Further plans underway to

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Spun Bond Fabric & Its Usage

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These are produced by depositing extruded, spun filaments onto a collecting belt in a uniform random manner followed by bonding the fibers. The fibers are separated during the web laying process by air jets or electrostatic charges

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• Industrial applications - Hospital masks & Industrial garments

• Automotive - Bumper covers ,Interior carpets, Trunk carpets, Underbody panels

• Agricultural Applications - Crop cover, Soil cover , Weed protection

• -

• Personal hygiene applications Baby diapers, Female hygiene, Adult diapers & Face Masks

• Textile Applications – Curtains, lining/Backing/Interlining in upholstery, luggage & garments, Bedsheets / pillow covers

• Technical Application - Geotextiles & Structural Engineering

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Melt Blown Fabric & its Usage

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These are extremely fine fibres which differ from spun bond, in that they have low intrinsic strength but much smaller size offering key properties

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• Medical Fabrics – Face masks , disposable gowns, drapes & sterilization wraps.

• Oil Adsorbents – For oil spills in water & mats in machin e shops /industrial plants.

• Wipes - face wipes, hand wipes, surface cleaning (wo od, leather, floors, tiles etc).

• Filtration - surgical face masks, liquid filtration, gas filtra tion, cartridge filters, clean room filters etc

• Sanitary Products - feminine sanitary napkins, diaper & disposable adult incontinence products

• Apparel - Disposable industrial apparel, thermal insulat ion and substrates for synthetic leather

Due to the recent global scare of Covid-19 there has been huge demand for melt blown fabrics from India for face masks.

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The COVID – 19 Opportunity

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These tough times of COVID – 19 has provided new opportunities to The Company

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Personal Protective Equipment (PPE) Kits

Face Masks N95 & N99

• Provided Forward Integration Opportunity

• • Company has started full in house manufacturing of the kits

• Continuously increasing the manufacturing

• The main material for the mask is Melt Blown Fabric, The Company is one of the largest manufacturer of it and Supplies to all leading manufactures in the country

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Last Five Quarter Performance

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In₹ Cr.	Q2FY24	Q1FY24	Q4FY23	Q3FY23	Q2FY23
Sales	20.64	29.99	4.90	19.02	25.39
Other Income	0.36	0.00	-0.04	0.24	0.42
Total Income	20.99	30.00	4.87	19.26	25.81
Expenses	18.45	27.59	10.27	16.22	22.97
EBITDA	2.55	2.41	-5.40	3.03	2.84
EBITDA %	12.13%	8.02%	-110.98%	15.75%	11.00%
Interest	0.15	0.46	0.19	0.29	0.08
Depreciation	0.69	0.68	0.72	0.55	0.55
Profit before tax	1.72	1.26	-6.31	2.20	2.21
Tax	0.45	0.33	-2.09	0.69	0.58
Net Profit	1.27	0.93	-5.15	1.51	1.64
Net Profit %	6.05%	3.11%	-86.69%	7.85%	6.34%
EPS in Rs	0.44	0.32	-2.51	0.52	0.57

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Profit & Loss A/c

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In₹ Cr.	FY23	FY22	FY21			IN₹
Sales	66.11	95.40	107.45
Other Income	1.27	1.03	1.18			4.99 3.94 -0.1 60.85 59.44 53.51 FY21 FY22 FY23 EPS BV
Total Income	67.38	96.43	108.63
Expenses	64.01	80.43	85.04
EBITDA	3.37	15.99	23.65
EBITDA %	5.01%	16.60%	22.01%
Interest	0.61	0	0
Depreciation	2.36	2.19	5.13
PBEIEO&T	0.40	13.81	18.46
Exceptional Item	0.93	0	0
Extra Ordinary Item	0	0	0
Tax	-0.23	2.47	4.09
Net Profit	-0.30	11.34	14.37
Net Profit %	-0.44%	11.80%	13.23%

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Balance Sheet

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Balance Sheet
Equities & Liabilities In₹ Cr.	FY23	FY22	FY21		Assets In₹ Cr.	FY23	FY22	FY21
Equity	28.79	28.79	28.79		Non Current Assets
Reserves	125.28	125.58	129.62		Fixed Assets	108.68	84.25	95.63
Net Worth	154.08	154.37	158.41		Capital Work In Progress Non-current Investments	10.04 0.00	9.71 0.00	5.88 0.00
Non-current Liabilities
Long-term Borrowing	6.34	0.00	0.00		Other Non Current Financial Assets	0.00	0.20	0.20
Deferred Tax Liabilities	0.00	0.00	0.00		Deferred Tax Asset	1.57	1.23	0.93
Other Long Terms Liabilities	0.00	0.00	0.00		Other Non Current Assets	0.70	1.43	1.43
Long-term Provision	0.00	0.00	0.00		Total Non Current Assets	121.00	96.82	104.07
Total Non Current Liabilities	6.34	0.00	0.00		Current Assets Inventories	23.85	24.92	22.68
Current Liabilities					Trade Receivables	8.20	23.78	22.73
Short-term Borrowings	0.00	0.00	0.00		Investments	0.00	0.00	0.00
Trade Payables	8.25	6.18	6.83		Cash & Bank Balance	4.92	6.48	6.85
Other Current Financial Liabilities	0.00	0.10	0.10		Advances	0.00	0.00	0.75
Other Current Liabilities Short-term Provision	0.14 0.00	0.12 0.00	0.30 0.00		Other Current Financial Assets Current Tax Assets (Net) Other Current Assets	0.00 0.61 10.23	0.00 0.26 8.51	0.00 0.2 8.36
Total Current Liabilities	8.39	6.40	7.23		Total Current Assets	47.81	63.95	61.57
Total Liablities	168.80	160.77	165.64		Total Assets	168.80	160.77	165.64

Company has given Bonus of 1:1 on 8[th] January 2018

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Thank You

For further details please contact

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Fiberweb India Ltd Mukesh Pandya pandya@fiberwebindia.com 022 – 2404 4855

Kirin Advisors Sunil Mudgal sunil@kirinadvisors.com +91- 9820975849

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