FIBERWEB (INDIA) LTD. — Investor Presentation 2024

May 22, 2024

Manufactures of: Spunbond Nonwoven Fabrics

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Date: 22[nd] May, 2024

To, To, BSE Limited National Stock Exchange of India Limited Corporate Relations Department, Exchange Plaza, 1st Floor, New Trading Ring, P. J. Plot No. C/1, G Block, 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 for Q4 FY 2023-2024 Results

Dear Sir / Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligation & Disclosure Requirement) Regulation, 2015, please find attached herewith Investor Presentation for Q4 FY 20232024 Results.

Kindly take note of the same.

hanking you,

Yours faithfully,

For Fiberweb (India) Limited

PRAVIN Digitally signed by PRAVIN VRAJLAL SHETH DN: c=IN, o=Personal, postalCode=400019, st=Maharashtra, serialNumber=42B1CA804A57F32F787CAF3C VRAJLAL C8DC4909D755D654242A3BACB3665DD59C1 43D5D, cn=PRAVIN VRAJLAL SHETH Date: 2024.05.22 16:12:06 +05'30' SHETH Pravin V. Sheth Chairman & Director DIN: 00138797

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

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CIN NO: L25209DD1985PLC004694 ISO 9001:2015, 14001:2015, ISO 45001:2018

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Q4 FY24 Investor Presentation

Company Overview

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Fiberweb @Glance

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Key Facts

Fiberweb (India) Ltd. (Fiberweb, The company) 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.

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 is exploring new opportunities & product segments for growth.

35+ Year of Experience

~ 5000

MTPA installed capacity of Spun Bond

~ 3000

MTPA Melt blown

85,000 sq.ft. manufacturing plant

100% Export Oriented Unit

75%

Products Exported to USA, UK, Europe, Australia, New Zealand, South Africa and Gulf

Certified ISO 9001:2015 ISO 14001:2015 ISO 45001:2018

FY24

Total Income – ₹ 86.90 Cr EBITDA – ₹ 12.37 Cr Net Profit – ₹ 7.28 Cr

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3

A Timeline Of Fiberweb

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Started exports to
North America,
Subsequently started
exporting to UAE, Successfully Doubled
Established as a Europe, UK, South Became Zero Debt capacity of Melt Blown
plastic moulding Africa, New Zealand & company with to 3000 MTPA with
company Australia positive net worth Capex of Rs. 10 Crore
1995
-
1986 1995 2016 2017 2019 2021 2022
2009
Forayed into Came out of BIFR Successfully Shares got listed
manufacturing spun 2500 MTPA of leased commissioned Melt on National Stock
bond nonwoven fabrics, spun bond capacity blown line with a 1500 Exchange
5000 MTPA spun bond signed up MTPA capacity Capex
capacity installed incurred – Rs. 45 crs.
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4

State Of The Art 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.

Spun Bond – 5000 MTPA

Capacity

Melt blown – 3000MTPA

The company has started re-investing in modernization and de-bottlenecking.

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5

Key Strengths

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Pioneer and amongst leading players in manufacturing of Spun bond nonwoven fabric in India 1 6 100% EOU, with ~75% of its products exported to US, Europe, UK etc. 2 5

State-of-art manufacturing facility at Daman, with machines procured from Reifenhauser GMBH of Germany

Best in class product quality with International accreditations and certifications - ISO 9001-2008, 14001-2004, OHSAS 18001:2007, Intertek and UKAS

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Well set supply chain, with most of the raw material sourced from the world’s largest O&G company, Exxon

3 4 Product innovation & cost competitiveness. Mobil

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6

Business Overview

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Product Categories

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Melt Blown Fabrics

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Spun Bond Fabrics

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8

Inside The Things You See And Use Every Day

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9

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
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o Hospital Masks o Industrial Garments

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Automotive
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o Bumper Covers o Interior Carpets o Trunk Carpets o Underbody Panels

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Agricultural
Applications
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o Crop Cover o Soil Cover o Weed Protection

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Textile
Applications
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Curtains

o

o Luggage & Garments Covers

o Bedsheets & Pillow Covers

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Personal
hygiene
applications
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Technical
Application
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o Baby Diapers o Geotextiles o Adult Incontinence o Structural o Sanitary Napkins Engineering

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10

Melt Blown Fabric & Its Usage

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The Flat Bond Nonwoven is one type of Spun Bond Nonwoven Flat bond nonwoven fabric is not sensitive to most of acids and chemicals (excluding alkalies) and allows high permeability to air and liquid.

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Medical
Fabrics
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o Face Masks o Disposable Gowns o Drapes o Sterilization Wraps

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Adsorbents
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o Oil-only pillow o Spill Kits o Floor Drying o Bonded MB Pads & Rolls

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Wipes
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Face Wipes

o o Hand Wipes

o Surface Cleaning (Wood, Leather, Floors, Tiles etc).

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Filtration
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Surgical Face Masks

o o Liquid Filtration o Gas Filtration,

o Cartridge Filters

o Clean Room Filters

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Sanitary
Products
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o Baby Diapers

o Adult Incontinence o Sanitary Napkins

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Apparel
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o Disposable Industrial Apparel

o Thermal Insulation

o Substrates For Synthetic Leather

o Track Mat

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11

4

5

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Why Non Wovens?

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

1

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High level of flow capacity & High tensile strength. Excellent abrasion 2 resistance & Flame retardant

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

3

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6

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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

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

12

Advantage Of Non Woven Fabrics

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

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

Sufficient strength and extensibility to withstand high-speed converting processes. A balance of softness and rigidity to accommodate both packaging and the intended use like Fluid Transport, Absorption, Containment & Repellences, Porosity & Density.

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

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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13

Management Overview

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Core Management Team

Mr. Pravin Sheth

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

Mr. Bhavesh Sheth

• Responsible for business development, business process and organization strategy

• Total Experience – 35 years (15 yrs with Fiber web). Earlier worked with Fortune 500 Companies in USA as Senior Management

Mr. G Ravindran

• B. Tech (Chem Engg), M.Tech (Ind. Management) – IIT, Kharagpur Responsible for manufacturing facility in Daman Total experience – 45 years, 35 years with Company

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Mr. Mukesh Pandya

• Qualified FCA, DISA & CISA with more than 33 years experience in accounts, auditing & Taxation.

• He is the Chief Financial Officer of Fiberweb India Ltd (8 years with the Company).

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15

Industry Overview

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Global Nonwovens Market Outlook

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The market is anticipated to attain a valuation of US$ 86.2 Billion at around 6.1% CAGR from 2023 to 2033.

Global Nonwovens Market Forecast 2022A- 2033F (USD Billion)

Global Nonwovens Market

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CAGR Of 6.1%
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The historical study shows that from 2018 to 2022, the market grew at a compound annual growth rate (CAGR) of 5.6%.

It is projected that the industry will expand more swiftly than in the past, with the growing demand for products related to personal care across the globe.

The market is anticipated to grow at a CAGR of 6.1% over the anticipated period.

Detailed assessment on the global nonwovens market conducted by Persistence Market Research points towards expansion at around 6.1% CAGR from 2023 to 2033.

The market is anticipated to attain a valuation of US$ 86.2 Billion by the end of the forecast period.

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86.2
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47.7
45.2
2022A 2023E 2033F
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The global nonwoven fabrics market size is projected to grow from USD 40.5 billion in 2020 to USD 53.5 billion by 2025, at a CAGR of 5.7% from 2020 to 2025.

The market is fragmented, comprising several large and small players; the top six players accounted for over 22% of the global market. The market is extremely competitive, with various leading manufacturers engaging in strategic partnerships to expand their market share.

Source: persistencemarketresearch

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17

Evolving Landscape of India's Non-Woven Geotextiles Market

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The India non-woven geotextiles market size was valued at USD 108.14 million in 2022 and is projected to grow from USD 113.55 million in 2023 to USD 460.73 million by 2030, exhibiting a CAGR of 22.1% during the forecast period.

The India Non-Woven Geotextiles Market Size 2019-2030 (USD Million)

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2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
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Source: fortunebusinessinsights

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Nonwoven Key Industry Trends

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1 Increasing use in Hygiene, medical, construction, and filtration applications would be key reasons for the growth of the nonwoven fabrics market

2

The key growth drivers of the nonwoven fabrics market are the growth of the modern healthcare sector in the emerging markets, rise in birth rate, and increase in the geriatric population in the western countries. The usage of non-woven fabric in medical applications is increasing.

3

These products are comparatively less expensive and normally used as disposable and reusable surgical gowns, drapes, gloves and instrument wraps.

4

Nonwoven is also cheaper due to the cheaper raw material costs. In nonwoven fabrics, over 80% of raw material fibers are synthetic. Polyester and cotton, some of its raw materials, are also available in large quantities and at affordable prices as compared to carbon fibers, glass fibers or high tenacity yarns and aramids which are costlier as well as have scare sources.

5

The production speed for making staple fiber nonwoven fabrics is much faster (100 to 400 yards per minute) than woven fabrics (0.5 to 6 yards per minute) and knit fabrics (2 to 16 yards per minute). Because of the higher speeds and reduction of steps, the production cost of nonwoven fabrics is very less.

6

In the wake of pandemic the demand for nonwovens have increased as result of this every major player is increasing capacity for nonwovens

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Soruce: kohantextilejournal

19

Financial Overview

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In ₹ Cr

Last Five Quarter Performance

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In₹ Cr.	Q4FY24	Q3FY24	Q2FY24	Q1FY24	Q4FY23
Sales	20.68	14.69	20.64	29.99	4.90
Other Income	0.27	0.26	0.36	0.00	-0.04
Total Income	20.95	14.95	20.99	30.00	4.87
Expenses	15.62	12.87	18.45	27.59	10.27
EBITDA	5.33	2.08	2.55	2.41	-5.40
EBITDA %	25.44%	13.92%	12.13%	8.02%	-110.98%
Interest	0.27	0.14	0.15	0.46	0.19
Depreciation	1.94	0.69	0.69	0.68	0.72
Profit before tax	3.12	1.26	1.72	1.26	-6.31
Tax	-0.40	-0.29	0.45	0.33	-2.09
Net Profit	3.52	1.54	1.27	0.93	-5.15
Net Profit %	16.80%	10.32%	6.05%	3.11%	-105.75%
EPS in₹	1.22	0.54	0.44	0.32	-2.51

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In ₹ Cr

Profit & Loss A/c

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In₹ Cr.	FY24	FY23	FY22
Sales	86.00	66.11	95.40
Other Income	0.90	1.27	1.03
Total Income	86.90	67.38	96.43
Expenses	74.53	64.01	80.43
EBITDA	12.37	3.37	15.99
EBITDA %	11.90%	5.01%	16.60%
Interest	1.02	0.61	0.00
Depreciation	3.99	2.36	2.19
Profit before tax	7.36	0.40	13.81
Exceptional Item	0.00	0.93	0.00
Extra Ordinary Item	0.00	0.00	0.00
Tax	0.09	-0.23	2.47
Net Profit	7.28	-0.30	11.34
Net Profit %	8.38%	-0.44%	11.80%

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22

Balance Sheet

Balance Sheet							FY24 FY23 FY22 116.98 108.68 84.25 0.00 10.04 9.71 0.00 0.00 0.00 0.00 0.00 0.20 1.51 1.57 1.23 0.71 0.70 1.43 119.20 121.00 96.82 22.45 23.85 24.92 12.52 8.20 23.78 0.00 0.00 0.00 3.69 4.92 6.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.61 0.26 13.38 10.23 8.51 52.04 47.81 63.95 171.24 168.80 160.77 In₹ Cr	FY24 FY23 FY22 116.98 108.68 84.25 0.00 10.04 9.71 0.00 0.00 0.00 0.00 0.00 0.20 1.51 1.57 1.23 0.71 0.70 1.43 119.20 121.00 96.82 22.45 23.85 24.92 12.52 8.20 23.78 0.00 0.00 0.00 3.69 4.92 6.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.61 0.26 13.38 10.23 8.51 52.04 47.81 63.95 171.24 168.80 160.77 In₹ Cr	FY24 FY23 FY22 116.98 108.68 84.25 0.00 10.04 9.71 0.00 0.00 0.00 0.00 0.00 0.20 1.51 1.57 1.23 0.71 0.70 1.43 119.20 121.00 96.82 22.45 23.85 24.92 12.52 8.20 23.78 0.00 0.00 0.00 3.69 4.92 6.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.61 0.26 13.38 10.23 8.51 52.04 47.81 63.95 171.24 168.80 160.77 In₹ Cr
Equities & Liabilities	FY24	FY23	FY22		Assets		FY24	FY23	FY22
Equity Reserves Net Worth Non-current Liabilities Long-term Borrowing Deferred Tax Liabilities Other Long Terms Liabilities Long-term Provision Total Non Current Liabilities Current Liabilities Short-term Borrowings Trade Payables	28.79	28.79	28.79		Non Current Assets Fixed Assets Capital Work In Progress Non-current Investments Other Non Current Financial Assets Deferred Tax Asset Other Non Current Assets Total Non Current Assets Current Assets Inventories Trade Receivables Investments Cash & Bank Balance Advances Other Current Financial Assets
							116.98	108.68	84.25
	132.55	125.28	125.58
							0.00	10.04	9.71
	161.34	154.08	154.37
							0.00	0.00	0.00
							0.00	0.00	0.20
	0.00	0.00	0.00
	0.00	0.00	0.00				1.51	1.57	1.23
	0.00	0.00	0.00				0.71	0.70	1.43
							119.20	121.00	96.82
	0.00	0.00	0.00
	0.00	0.00	0.00
							22.45	23.85	24.92
							12.52	8.20	23.78
	6.87	6.34	0.00
							0.00	0.00	0.00
	2.61	8.25	6.18				3.69	4.92	6.48
							0.00 0.00	0.00 0.00	0.00 0.00
Other Current Financial Liabilities Other Current Liabilities Short-term Provision Total Current Liabilities
					Current Tax Assets (Net) Other Current Assets Total Current Assets
Total Liablities	171.24	168.80	160.77
					Total Assets		171.24	168.80	160.77

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23

As on 31-03-2024

Stock Information

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As on 21-05-2024

NSE: FIBERWEB BSE: 507910 ISIN:INE296C01020

Share Price ( ₹ ) 36.85 Market Capitalization ( ₹ Cr) 106.39 No. of Shares Outstanding (Cr) 2.88 Face Value ( ₹ ) 10.00 52 week High-Low ( ₹ ) 45.25/27.05

Shareholding Pattern

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46.33
53.67
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Promoters

Public

Share Performance From 16-02-2022 Till Date

Volume Price

18,00,000 16,00,000 48.40 14,00,000 12,00,000 10,00,000 8,00,000 6,00,000 4,00,000 2,00,000 0

Source: NSE

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60.00
50.00
36.85
40.00
30.00
20.00
10.00
0.00
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24

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Kiran, Gr. Floor, 128 Bhaudaji Road, Matunga, Mumbai-400 019 Email: fiberweb@fiberwebindia.com Phone: +91-22 2404 4876 Website: www.fiberwebindia.com

713-B, Lodha Supremus II, Wagle Estate, Thane West – 400 604. Email: info@kirinadvisors.com Phone: 022 4100 2455 Website: www.kirinadvisors.com

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Thank You