NOCIL Ltd - Investor Presentation 2021

Regd. Office : Mafatlal House, Backbay Reclamation, H.T. Parekh Marg, C hurchgate, Mumbai 400 020. India T: +91 22 6636 4062 F: +91 22 6636 4060 NOCIL Plant-1:C-37, TTC Industrial Area, Post Turbhe, Off Thane Belapur Road, Pawne Village Navi Mumbai - 400 705 India. T: +91 22 6673 0551 / 552 / 553 / 554 / 555 F:+91 22 2767 1865 Plant-2:Plot No. 12-A-1, GIC Industrial Area, Dahej, Tal. Vagra, Bharuch, Gujarat-392130 x T: +91 2642-399201/231 ; ARVIND MAFATLAL GROUP NOCIL LIMITED] website: www.nocil.com CIN: 1L99999M1961PLC012003 The ethics of excellence

Mumbai 400 020. IndiaT: +91 22 6636 4062NOCILT: +91 2642-399201/231NOCIL LIMITED]website: www.nocil.comCIN: 1L99999M1961PLC012003	Regd. Office : Mafatlal House, Backbay Reclamation, H.T. Parekh Marg, C hurchgate,F: +91 22 6636 4060Plant-1:C-37, TTC Industrial Area, Post Turbhe, Off Thane Belapur Road, Pawne VillageNavi Mumbai - 400 705 India. T: +91 22 6673 0551 / 552 / 553 / 554 / 555 F:+91 22 2767 1865Plant-2:Plot No. 12-A-1, GIC Industrial Area, Dahej, Tal. Vagra, Bharuch, Gujarat-392130	ARVIND MAFATLAL GROUPThe ethics of excellence
Date:27" May2021
The SecretaryThe Bombay Stock Exchange Limited"P.J. Towers"Dalal StreetMumbai-400 001Scrip Code: 500730	The National Stock Exchange of IndiaLtd.Exchange PlazaBandra Kurla Complex,Bandra (East)Mumbai-400 051Symbol: NOCIL

Dear Sir,

Sub: Investor Presentation

Pursuant to Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, we enclose herewith Investors Presentation on the Financial Highlights for the quarter and year ended 31%! March 2021.

The aforementioned Presentation has been uploaded on the Company's website viz., www.nocil.com.

We request you to take the above on your records and acknowledge receipt.

Thanking you,

Yours faithfully, For NOCIL Limited

I as Assistant Vice President (Legal) & Company Secretary

Encl.: as above

NOCIL LIMITED

Investor Presentation May 2021

FIRM STEPS. FOCUSED APPROACH.

This presentation and the accompanying slides (the "Presentation"), which have been prepared by NOCIL Limited (the "Company"), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company's market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company's ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.

Strong Momentum Continues Whe C)

Quarterly Performance: Strong Momentum Whe C)

* Operating level at Tyre majors has picked up momentum. Global & Domestic ¢ Achieved Highest ever quarterly revenues with substantial growth in in Q4 commentary on medium-term positive
¢ Production is ramping up month on month basis from July onwards
¢ Utilization levels have increased in July 2020 and have crossed pre-COVID levels on monthly run rate basis ¢ Highest EBITDA in last 7 quarters
* Sequential volume growth in Q4FY21 is 3%

¢ Sequential revenue growth in Q4FY21 is 17% ¢ Fixed cost absorption improved ¢ EBITDA margins improved sequentially

Annual Performance

FY21 has register 14% growth in volumes and 9% growth in revenue, inspite of challenging H1FY21

Currently, China is a dominant player in the Rubber Chemical Industry vis a vis India

Global sourcing strategy expected to undergo a change to include China +1

India will play an important role as a supplier

NOCIL is expected to benefit in view of available Capacities

Business Update

Work from Home

* Implemented work from home during the nationwide lockdown
* On receipt of approvals form government authorities started operation at facilities
* From 10" June started Corporate offices with limited workforce

Sanitization & Social Distancing at workplaces

¢ Regular sanitization undertaken at offices & factory for safety of employees

¢ Workplace area sanitization before every shift and staff bus and car sanitization before every use

Business Operations: Update for FY21

¢ With ease in lockdown restrictions, manufacturing operations resumed with strict safety and hygiene protocols
¢ Production is ramping up month on month basis from July onwards and Utilization levels have crossed pre-COVID levels on monthly run rate basis
¢ Volume growth in FY21 is 14% compared to FY20
¢ Demand has been robust during H2 FY21

Employee Screening & adhering to safety protocols

¢ Regular thermal screening of employees at our factory and Mumbai office on daily basis to ensure safety of employees

Mask & Sanitization distribution & compulsion

* Compulsion for the use of mask and hand sanitization every 2 hours and following all the protocols and guidelines

Liquidity position:

* Company has comfortable liquidity position
* Company is debt free and are taking care of its working capital requirements through internal accruals

Standalone Profit & Loss Statement

Rs. In Crores ot Oa Q4FY20 Q3FY21 Rte Net Revenue from Operations 322 213 51% 275 17% 925 846 9% Raw Material 180 106 155 505 388 Value Addition * 142 106 34% 119 19% 420 458 -8% Value Addition % 44.2% 50.0% 43.4% 45.4% 54.2%

Net Profit Margin		11.2%	10.5%	8.0%	9.4%	15.5%
be 4
	*Revenue (-) cost of raw materials consumed (-) cost of traded goods (-) change in inventories

be 4 *Revenue (-) cost of raw materials consumed (-) cost of traded goods (-) change in inventories Responsible Care' A less than 1 crore

Employee Expenses 17 17 18 67 74

Other Income 2 3 1 14 10

Tax 7 8 7 18 21

Profit Before Tax 43 31 39% 29 45% 104 152 -32%

Net Profit 36 22 61% 22 63% 86 131 -34%

Other Operating Expenses 75 53 64 226 208 We recorded

Operating EBITDA 50 37 37% 37 35% 127 176 -28% revenue and Volume growth Operating EBITDA Margin 15.6% 17.3% 13.6% 13.7% 20.8% despite our

Depreciation 10 9 9 36 32 impacted due to

Interest 0* 0* 0* 1 1 lockdown

_ performance was

Consolidated Profit & Loss Statement

								ARVIND MAFATLAL GROUPThe ethics of excellence
	ot Oa	Q4FY20		Q3FY21					Rte
	322	213	51%	275	17%	925	846	9%
	180	106		155		505	388
	14244.2%	10650.0%	34%	11943.5%	19%	42045.4%	45854.2%	-8%
	17	17		18		70	77
	73	52		63		219	203		We recorded
	52	37	43%	38	39%	131	178	-27%	revenue and
_	16.3%	17.2%		13.7%		14.1%	21.1%		despite our
	10	9		9		37	34
	0*	0*		0*		1	1		lockdown
	244	330	49%	130	49%	15107	9152	-30%
	7	8		8		19	22
Consolidated Profit & Loss StatementRs. In CroresNet Revenue from OperationsRaw MaterialValue Addition *Value Addition %Employee ExpensesOther Operating ExpensesOperating EBITDAOperating EBITDA MarginDepreciationInterestOther IncomeProfit Before TaxTaxNet Profit	37	22	71%	22	70%	88	131	-32%	NOcIL LIMITEDVolume growthperformance wasimpacted due to

be 4 *Revenue (-) cost of raw materials consumed (-) cost of traded goods (-) change in inventories Responsible Care' A less than 1 crore

Standalone Balance Sheet '>.

NOcIL LIMITED

Standalone Balance Sheet					'>.
				ARVIND MAFATLAL GROUP
				The ethics of excellence
Assets (Rs. Crs.)	31-Mar-21	31-Mar-20	Equity and Liabilities (Rs. Crs.)	31-Mar-21	PRE leva)
Non-current assets	989	1,011	EQUITY	1,274
Property, Plant and Equipment	890				1,176
		768
Capital work-in-progress	14	156	Equity Share Capital	166	166
Investment Property	0"	0"	Other Equity	1,108	1,010
Intangible Assets	1	1	Non-Current Liabilities	115	112
Financial Assets			Financial Liabilities
(i) Investments in Wholly owned subsidiary	25	25	(i) Financial Lease Liability	4	7
(ii) Other Investments	25	24	—
(iii) Other financial assets	7	6	Provisions	ae	16

Other non-current assets	12	15	Other non-current liabilities	0	0*
Current assets	610	417
torinvemeriss	165	136	Current liabilities	210	140
Financial Assets(i) Investments	37	33	——————Financial Liabilities
(ii) Trade receivables	309	203	(i) Trade Payables	171	89
(iii) Cash and cash equivalents	44	8	(ii) Other Financial Liabilities	26	40
(iv) Bank balances other than cash and cashequivalents	36	4	Provisions	5	7
(v) Other Financial Assets	1	1	Current Income Tax Liabilities (Net)	1	0*
Other Current Assets	33	AQ	Other Current Liabilities	7	4

ARVIND MAFATLAL GROUP
The ethics of excellence	NOcIL LIMITED

Care' Assets (Rs. Crs.) Equity and Liabilities (Rs. Crs.) 31-Mar-21 31-Mar-20 Non-current assets 992 1,017 EQUITY 1,285 1,185 Property, Plant and Equipment 916 796 Equity Share Capital 166 166 Capital work-in-progress 14 156 Investment Property 0" 0" Other Equity ae 1,019 Intangible Assets 1 1 Non-Current Liabilities 120 116 Financial Assets Financial Liabilities (i) Other Investments 25 24 (i) Financial Lease Liability 4 7 (ii) Other financial assets 7 7 Provisions 16 17 Non-current tax assets t7 18 Deferred Tax Liabilities (Net) 100 92 Other non-current assets 12 15 Other non-current liabilities 0 0" Current assets 623 425 Inventories 166 136 (i) Investments 43 30 Financial Liabilities (ii) Trade receivables 309 203 (i) Trade Payables 170 90 (ili) Cash and cash equivalents 49 9 (ii) Other Financial Liabilities 26 40 (iv) Bank balances other than cash and cash 36 4 Provisions 6 5 equivalents (v) Other Financial Assets 3 1 Current Income Tax Liabilities (Net) 1 0 Other Current Assets 22 A2 Other Current Liabilities 7 4 TOTAL 1,615 1,442

ARVIND MAFATLAL GROUPThe ethics of excellence	NOcIL LIMITED

		Standalone		Consolidated
	Year Ended	Year Ended	Year Ended	Year Ended
	31st Mar 21	eye Yt] are)	31st Mar 21	eye Yt] are)
	104	152	107	152
/ non operating items	24	24	25	26
	128	177	132	178
	-37	52	-38	52
	91	228	94	231
	0	51	0	51
	90	177	94	179
	-59	-104	-62	-106
	0	-101	0	-101

Particulars (Rs. In Crores)Cash flow from operating activitiesProfit before taxAdjustments for noncash itemsOperating profit before working capital changesWorking capital reductions/(increases)Cash flows generated from operating activities(Income taxes paid) / Refund (net)Net Cash flows generated from operating activities (A)Net Cash flows generated from investing activities (B)Net Cash flows generated from financing activities (C)Increase / (Decrease)Net Cash	32	-28	32	-28

A less than 1 crore

Company Overview Whe

Part of Arvind Mafatlal Group
Expertise in Rubber Chemical Business over 4 decades
Largest Rubber Chemicals Manufacturer in India
» Long Term Business Relationships with Tyre Majors (Both Domestic & International) Awarded Responsible Care Logo by Indian Chemical Council

Mr. Hrishikesh . A. Mafatlal — Promoter & Chairman

* Executive Chairman and Promoter Director of NOCIL Ltd
¢ B.Com. (Hons.) & has attended the Advanced Management Programme at the Harvard Business School, USA

Mr. P. Srinivasan — Chief Financial Officer

¢ Chartered Accountant with over 31 years of experience
¢ Associated with the Company for over 16 years

Dr. Narendra Gangal — Vice President (QA, Analytical & Outsourced Research)

¢ Ph.D. in Analytical Chemistry with 27 years of experience
¢ Associated with the Company for nearly 13 years

Mr. S. R. Deo — Managing Director

¢ M. Tech. in Chemical Engineering from IIT Kanpur
¢ Associated with the company for nearly 40 years in various technical capacities

Dr. Chinmoy Nandi - Vice President (Research & Development)

¢ Post Graduate & Ph.D. in Science
¢ Associated with the company for nearly 35 years in various R&D capacities

Mr. Rajendra Desai — Vice President (Operations, Corporate HR & Personnel)

¢ Chemical Engineer with Diploma in Management Studies
¢ Associated with the company for nearly 34 years

Mr. Milind Shevte — Vice President (Marketing)

¢ B.E. Chemical Engineering
¢ Associated with the Company for over 16 years

Navi Mumbai Plant

Set up in 1976
Located in Trans-Thane Creek industrial area at Navi Mumbai, Thane - Belapur's industrial zone designated for the chemical Industry, about 40 kms away from Mumbai
State-of-the-art technology for the manufacture of the entire range of Rubber Chemicals for Tyre & other Rubber Products

Dahej Plant

Commenced operations in March 2013
Located about 45 kms from Bharuch, Gujarat
Location has synergistic Chemicals & Petrochemicals industry and excellent connectivity with Dahej & Hazira Port
Fully automated continuous process plant developed completely with in-house technology

Navi Mumbai Plant

Set up in 1976
Located in Trans-Thane Creek industrial area at Navi Mumbai, Thane - Belapur's industrial zone designated for the chemical Industry, about 40 kms away from Mumbai
State-of-the-art technology for the manufacture of the entire range of Rubber Chemicals for Tyre & other Rubber Products

Dahej Plant

Commenced operations in March 2013
Located about 45 kms from Bharuch, Gujarat
Location has synergistic Chemicals & Petrochemicals industry and excellent connectivity with Dahej & Hazira Port
Fully automated continuous process plant developed completely with in-house technology

01 O1 Products & Product Forms

¢ Wide Range of Rubber Chemical Products
e Varied Product Forms

Sales, Marketing & Technical Service

over 40 Countries ¢ Strong MTS Team to offer Technical Services
e Experienced, capable & innovative team of R & D scientists.
e Ultra Modern Laboratories & Pilot Plant Facilities
e Latest Analytical Instruments

ANTI-DEGRADANTS/ ANTI-OXIDANTS

= These are ingredients in rubber compounds which deter the ageing and inhibit degradation due to oxygen attack of rubber products, thereby enhancing service life

ACCELERATORS

2 = Increase the speed of vulcanization
- = Permit vulcanization to proceed at lower temperature & with greater efficiency

OTHER APPLICATIONS

Pre vulcanization inhibition, Post vulcanization stabilization, Latex based applications etc.
Improving Thermal Stability of cross links in rubber products

Vy,

R&D and Total Quality Management Wh

sae or, m,

7 s,

Quality a

Se ne a a Oe

Assurance

Instruments & Equipment's

Certifications

éResponsible Care by Indian

Technology & Speciality Chemicals — Moving up the curve WX).

Extended life, Automotive & Cost increase in China & Industrial products will increase leading to Better level : rubber processing chemical playing field loadings

High Performance Tyres Stringent Environmental compliance

Rising Income Levels

Increase in Motor vehicle ownership of rubber processing chemicals

NOCIL has been awarded by ICC for rates, especially in developing nations "Excellence in Management of Environment" would need additional consumption under the large chemical industry

Presence across the entire range of Rubber

chemicals i.e. 22 product basket

Environment Friendly Non-Chinese Dependable Player

Non-Chinese Dependable & Quality Player with Committed Plans for future growth

Continuous investments done to adopt various innovative environmental technologies for long-term sustainability

. «tog Entry Barrier Wide Range of Product Product Testing & Validation

to customers for Rubber Products / 6 y \s Process Development

Processes Pipeline of New Generation of Rubber Chemicals

Development of Niche products using innovative technologies & Green chemistry concepts and new generation environmentally as processes for growth

Customers take from 6-18 months Approved & registered vendor with wp: . , to give approval on plant specific the Major Domestic & International ; , basis & same is carried out for Tyre Players offering Technical Support various locations eloball