Shalimar Paints Ltd. — Investor Presentation 2021

Feb 10, 2021

February 10, 2021

BSE Limited National Stock Exchange of India Ltd Corporate Relationship Department, Exchange Plaza, 5" Floor, 1 Floor, New Trading Ring, , Plot No. C/1, G- Block Rotunda Building, P.J. Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai - 400 001 Mumbai — 400051

Reference Scrip Code- NSE-SHALPAINTS, BSE-509874 Subject: Intimation of Investor's Presentation

Dear Sir/Madam,

Please find attached the Investor's Presentation for the quarter and nine months ended 31° December, 2020. The same is also being uploaded on the website of the Company m AES COM: « !

This is for your information and records.

Thanking you For Shalimar Paints Limited

Shatimar Paints Ltd. Corporate Giffice : ist Floor, Plot No. 28, Sector 32, Gurugram 122001, Haryana SHALIMAR Regd. Office: Stainless Centre, 4th Floor, Plot No. 50, Sector- 32, Gurugram-122001, Haryana {india} PAINTS Br +91 126 481 6600 Fi +91 124 461 ⁶⁶⁵⁹ E: askus@shalimarpaints.com | www-shalimarpaints.com | CIN: L24222HR1902PLC065611

Investor Presentation

Har Rang Khoobsurat

Disclaimer

• Certain statements in this communication may be considered as " forward looking statements " within the meaning of applicable law and regulations. These forward - looking statements involves a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward looking statements , important development that could affect the company's operations include changes in the industry structure, significant changes in politics and economic environment in India and overseas, tax laws, import duties, litigation and labour relations.
• Shalimar Paints Limited does not undertake to revise any forward looking statement that may be made from time to time by or on behalf of the company.
• Shalimar Paints Limited will not be in any way responsible for any action taken based on such statement and undertake no obligation to publicly update these forward looking statement to reflect subsequent event or circumstances,

Contents

• Company Overview
• Industry Overview
• Critical Analysis & Outlook
• Summary

Company Overview

Snapshot

Established in 1902

India's oldest Paint Brand

Our Network 9300+ Dealers

Our Factilities

4&1

Factories & R&D centre

Production of EB GIO00KL

of Paint every year

We make Decorative & Industrial

We are 500+

People Strong

Paint

Company Overview

Key Milestones

PAINTS. Company Overview: Our Products

Decorative Paints Industrial Paints

• ¢ Eco friendly emulsion products certified by Griha Council etc.

• (NTH) Protective Coatings

• * An extensive range of decorative and protective paint * Pioneers in Industrial coatings Introduced notable firsts in products for interior and exterior segments. high performance coatings such as high-build zinc coatings, * Our portfolio spans across product categories and price radiation resistant coatings for nuclear power plants, points catering to a wide variety of consumers. polyurethane paint for fighter aircraft and railway coaches,

• * Low VOC products that is certified by National Test House * One of the largest Indian players in high-performance
• * Significant presence in General Industrial (Product Finish) and Packaging coatings

Company Overview: Our Products - Decorative Paints

SHALIMAR PAINTS Company Overview: Key Projects - Decorative Paints

Rashtrapati Bhawan, Delhi Howrah Bridge, Kolkata Bestech Group, Gurgaon BHEL Township, Hyderabad

Indian Institute of Technology, Wave Mall, Ludhiana VBPS, Noida Silchar Airport, Assam

Delhi And many more....

company Overview: Our Products & Key Projects - Industrial Paints & sage

Protective Coating Marine

Key Projects

Allahabad Panipat Pune

NTPC IVRCL, Main Plant, Indian Oil Corporation, JSW Energy Ltd., Ratnagiri Grasim Industries Ltd.,

And many more

Company Overview: Key Customers

We service marquee customers in oil & gas, petrochemicals, fertilizers, steel, power, engineering, shipping and autoancillary industries.

And many more....

Industry Overview : Demand Drivers - Industrial segment

a

Industry Overview: Demand Drivers

Decorative segment

Industry Overview: Global Picture

Asia Pacific is the world's largest coating market with 45% market share $1.$

1. In Asia Pacific, Top 3 Countries demand 80% of the market share, India is at Second place with the market share of 12%.

™ f PAINTS. Industry Overview : At a Glance

CS 17

Critical Analysis & Outlook-Key Highlights

Company has shown V Shaped Recovery in Q-2 and Q-3 FY21

EBITDA Growth "25%" Q-3 FY 21(Q-O-Q)

Production Growth "33%" Q-3 FY 21 (Q-O-Q) (Other Than Putty)

Decorative paints Segment has ace i )\ e4 ie in Q-3 FY 21 (Q-O-Q) (Other Than Putty)

Industrial Paints segment has grown by "10%" In Q-3 FY 21(Q-O-Q)

Revenue Growth "20.45%" Q-3 FY 21(Q-0-Q)

Critical Analysis & Outlook- Past Performance(Year Wise) , SHALIMAR

Analysis & Outlook-	Past	Performance(Year Wise)
Net Sales	344.00	288.00	278.00
Other Income	1.00	2.00	1.00
Total Income	345.00	290.00	279.00
Total Expenditure	377.00	349.00	312.00
EBIT	(32.00)	(59.00)	(33.00)
Intrest	20.00	25.00	26.00
Depreciation	11.00	9.00	8.00
Critical Tax	(18.00)	(27.00)	22.00
Exception Item Net Profit	(7.00) (38.00)	(16.00) (82.00)	0.00 (45.00)

| Critical Analysis & Outlook- Financial Summary Oem

	Financial Summary :	An Overview (Standalone)
Teme ecelc)	Q3- FY21	Q2- FY21	Q1- FY21
Total Revenue	92.63	77.03	44.93	345.27
COGS	59.06	50.06	31.01	232.28
Employee Expenses	11.96	9.63	9.59	48.68
Other Expenses	15.73	12.62	9.21	96.42
EBITDA	5.88	4.72	(4.88)	(32.11)
Intrest Expenses	4.91	4.65	4.56	19.85
Cash Profit/ (Loss)	0.97	0.07	(9.44)	(51.96)
Depreciation	3.31	3.33	3.33	10.84
PBT	(2.34)	(3.26)	(12.77)	(62.80)
Exceptional Items	0.00	0.00	(2.00)	6.95
Taxes PAT	4.60 (6.94)	0.34 (3.60)	(4.24) (10.53)	(17.97) (37.88)

| Critical Analysis & Outlook- Financial Summary nnn

	Financial Summary :	An Overview (Consolidated)
Teme ecelc)	Q3- FY21	Q2- FY21	Q1- FY21
Total Revenue	92.55	76.95	44.85	344.98
COGS	59.06	50.06	31.01	232.28
Employee Expenses	11.96	9.63	9.59	48.68
Other Expenses	15.73	12.62	9.21	96.42
EBITDA	5.80	4.64	(4.96)	(32.40)
Intrest Expenses	4.91	4.65	4.56	19.85
Cash Profit/ (Loss)	0.89	(0.10)	(9.52)	(52.25)
Depreciation	3.32	3.33	3.33	10.84
PBT	(2.43)	(3.34)	(12.85)	(63.10)
Exceptional Items	0.00	0.00	(2.00)	6.95
Taxes PAT	4.60 (7.03)	0.34 (3.68)	(4.24) (10.61)	(17.97) (38.18)

| Critical Analysis & Outlook- Sales Analysis Oem

Net Sales (RS. in CR)

Ql	Q2	Q3	Q4	Ql	Q2	Q3
FY 19-20	FY 19-20	FY 19-20	FY 19-20	FY 20-21	FY 20-21	FY 20-21

1. Decrease in Revenue has been recorded due to COVID-19 Pandemic

Critical Analysis & Outlook- Sales Analysis-Segment Wise ©"*"

1. Decrease in Industrial Segment's Revenue has been recorded due to COVID-

2. 19 Pandemic, Company has shown a V-Shaped recovery in this area

3. 1. Revenue from Decorative Paint's segment has been grown in Q-3 FY 21 in

Comparison of Q-3 FY 20 by 4.49%

| Critical Analysis & Outlook- Sales Analysis-Volume Wise ®*""

* PAINTS. Critical Analysis & Outlook- Production Qty. (KL)

Outlook- Production Qty. & (KL)
1,363 46.09% Chennai 1,859 933 -26.68%
5,167 4,633 11.53%) 26.21% sKBD 4094
Nasik	2,637		1,572 67.75%	1863	41.55%
Total Qty.(KL)}	9,167		8,064 13.68%}	6890	33.05%

Summary	Road Ahead &	SHALIMAR "o, PAINTS. Ny
	Expanding Sales	Being Net Positive
	Controlling Costs	Improving Servicing
	Launching New Products	Expenditure on R & D

Thank you