Styrenix Performance Materials Limited — Investor Presentation 2021

Feb 10, 2021

INEOS STYROLUTION

INEOS styrolution India Lit). 5th Floor. Ohm Hoijuc-Il. Ohm Husineus Hark. U btiarip U ra. Va dodara —390 023 o ojar at. India

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INEOr1 I,rdiu L.Id. VOd',du,O 09ul2

10 BSE Limited Dept DSCCRD Phi,nze ,Jaejeebhoy Towers. Dalal Street Munibai 400 001

BSE Scrip Coda. 506222

National Stock Ecbange ot India Limited Exchange Plaza. Piol No. Cu , 'IY Block! Sandra- Kurla Complex, Bandra (E'} Murnbai 400 051 NSE Symbol: INEOSSTYRO

Contact	Phone	E-mail	Date
Abhijaat Sinha	+91 265-2303213	abhijaat.sinha@ineos.com	February 10, 2021

Subject: Investor Presentation

Dear Sir! Madam,

In continuation 0 oiu letter dated February 3, 2021, intornhi,rg about the earnings call organized by tile Company on February II, 2021, please tind anached Investor Presentation relating to the Unaudiled Financial Results fur the third quaher ended on Dooumber 31 2020.

This is tor your record and tudher dissemination.

Thanking you.

Yours taithtlilly, For INEOS Styroiution India Limited

Aljhijaat Sinha Head Legal and Cumpany Secrelary

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INEOS STYROLUTION INDIA LIMITED

INVESTOR PRESENTATIONQ3 2020-21 (Oct-Dec)

Disclaimer

This presentation has been prepared by INEOS Styrolution India Ltd. (the "Company") solely for your information and may not be takenaway, distributed, reproduced, or redistributed or passed on, directly or indirectly, to any other person (whether within or outside yourorganization or firm) or published in whole or in part, for any purpose by recipients directly or indirectly to any other person. By accessingthis presentation, you are agreeing to be bound by the trailing restrictions and to maintain absolute confidentiality regarding the informationdisclosed in these materials. The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any persons of such change or changes. This presentation and its contents are should not be copied, published, reproduced or disseminated in any manner.

This presentation may contain certain forward looking statements within the meaning of applicable securities law and regulations. Thesestatements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. Such forward-looking statements are not guarantees of futureperformance and involve risks and uncertainties, and actual results may differ from those in such forward-looking statements as a result of various factors and assumptions which the Company believes to be reasonable in light of its operating experience in recent years. Manyfactors could cause the actual results, performances, or achievements of the Company to be materially different from any future results, performances, or achievements. Significant factors that could make a difference to the Company's operations include domestic andinternational economic conditions, changes in government regulations, tax regime and other statutes. In addition, please note that the dateof this presentation is mentioned at the beginning of the presentation, and any forward-looking statements contained herein are based onassumptions that we believe to be reasonable as of this date. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Companyunless it is required by law.

In no event shall the Company or its directors or management, be responsible to any person or entity for any loss or damage, whetherdirect, indirect, incidental, consequential or otherwise, arising out of access or use or dissemination of information contained in thispresentation, including, but not limited to, loss of profits.

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Disclaimer

No representation, warranty, guarantee or undertaking (express or implied) is made as to, and no reliance should be placed on, theaccuracy, completeness or correctness of any information, including any projections, estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein and, accordingly, none of theCompany, its advisors and representative and any of its or their affiliates, officers, directors, employees or agents, and anyone acting onbehalf of such persons accepts any responsibility or liability (in negligence or otherwise) whatsoever arising directly or indirectly from thispresentation or its contents or otherwise arising in connection therewith.

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This presentation is not for publication or distribution or release in any country where such distribution may lead to a breach of any law orregulatory requirement. The information contained herein does not constitute or form part of an offer or solicitation of an offer to purchase or subscribe for securities for sale. The distribution of this presentation in certain jurisdictions may be restricted by law and persons intowhose possession this presentation comes should inform themselves about and observe any such restrictions. None of the Company'ssecurities may be offered or sold in the United States without registration under the U.S. Securities Act of 1933, as amended, except pursuant to an exemption from registration therefrom.

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Notes

•Segment Information :

Segment reporting in financial results: Based on the "management approach" as defined in Ind AS 108 - 'Operating Segments', theChief Operating Decision Maker (CODM), as represented by Chairman, Managing Director and CFO, evaluates the Company'sperformance and allocates resources based on an analysis of various performance indicators by business segments. The accountingprinciples used in the preparation of these financial results are consistently applied to record revenue and expenditure in individual segment.

Contents

Executive summary

Company information

Financial review

Outlook 2021

Executive SummaryOct-Dec 2020

PferormanceSummary	Pfi/(L)bfdilitttt•roosseoreaxanexceponaem:ODINR201,353t-cec:moJl-SINR20551uep:moOD()INR1958t-cec:mo
MktareUdtpae	COBiidfifVID-19lkdt•usnessmproveaereasngoocownHihkidildiidbifttt•gmareprcesansrongmargnsresuenmproveusnessperormancefMkhdiiiltttt•osmaresegmenssoweposvesgnsovoumerecoveryINRbldUSDtt•saecompareo
COVIDMeasures	Thhlhdfflllifiiihildittttttt•eeaansaeyoaempoyeessourrsproryweavempemenesrc–iliildiihidkfhiiittttmeasresnreaonosocasancnggenemeasresanorromomeomnmeuyuwz,ikltrssoorempoeesuyPldflldihidGltttt•ansoperaerngeperoasperoernmenresuyuvuLiidiiiidl,Childliilll&ttttttt•qsaonsnerconroompanasmpemenepocesoconrocapeauyuuyxdiifidhbhldtttscreonaryxecossaveeenpuono

INEOS Styrolution at a glance

Leading styrenics producer with

global reach and proximity to customers

INEOS Styrolution continuously strengthens its leading positions in key markets

Shareholding pattern

as at Dec 31, 2020

* IEPF : Investor Education and Protection Fund [Government Organization]

Financial review

Quarter & Period Ended Dec 2020 results highlights

Paicularrts	OcDet-20c	Jul-Se20p	OcDet-19c	Jul-Se%vsp 20	OcDe%t-vsc 19	ApDe20r-c	ApDe19r-c	%
Salesrevenue	4,848	3,946	3,397	23%	43%	9,949	12200,	-18%
Otheincrome	36	42	15	-16%	138%	87	51	70%
Cof gdsldstoooso	2,700	2,636	2,668	2%	1%	6,240	9,606	-35%
Deiation&izaionorttprecam	92	89	79	3%	17%	269	222	21%
Other expenses	740	713	723	4%	2%	1,932	2,267	-15%
Prfit/(los)beforionlItet& tose excepamax	1,353	551	()58	146%	2428%	1,596	156	925%
ExionlItetepam	-	-	380			-	380
Prfit/(los)before tosax	1,353	551	()438	146%	409%	1,596	()224	813%
Prfit/(los)fter tosaax	1,030	358	(331)	187%	411%	1,188	(140)	950%
Otheheiveincr comprensome	(5)	(1)	(0)	284%	2183%-	(8)	(2)	353%-
Tol cheiveinctaomprensome	1,025	357	(332)	187%	409%	1,180	(142)	933%
EPS(Rs)	58.6	20.4	()18.8	187%	411%	67.6	()7.9	950%

(Unit : INR mn except EPS)

Segment revenue & results

Quarter & Period Ended Dec 2020 results highlights

			Qulytearr	YTD
Paiculartrs	OcDe20t-c	Jul-Se20p	OcDe9t-1c	l- SeJu%vs20p	Oc%t- Devs19c	ApDe20r-c	ApDe91r-c	Ap%r- Devs19c
1.Set rgmenevenue
(Refroion)tvenuemoperas
()Spialtiesaec	3,496	2,737	2,562	28%	36%	6,997	9,070	-23%
(b)Polytysrene	1,353	1,209	835	12%	62%	2,953	3,131	-6%
Tolta	4,848	3,946	3,397	23%	43%	9,949	12,200	-18%
2.Selt rtsgmenesu
(Sefitbefointd)ntt ataxgmeproreeresn
Sp()ialtiesaec	1,040	353	(89)	195%	1267%	1,150	157	631%
(b)Polytysrene	335	215	()297	55%	213%	508	()248	305%
Tol sfibefoindtat pttet ataegmenroreresnx	1,375	568	(386)	142%	456%	1,658	(91)	1931%
(i)Intt eeresxpense	(33	)(37	)()39	11%	16%	(93	)()110	15%
(ii)Intincteresome	8	16	0	-48%	13386%	27	18	54%
(iii)Ohellocbleditu(Nefinc)tt or unaaexpenreome	2	4	(13)	42%	116%	4	(41)	111%
Prfibefottaorex	1,353	551	(438)	146%	409%	1,596	(224)	813%

(Unit : INR mn)

Segment assets & liabilities

Quarter & Period Ended Dec 2020 results highlights

	Qlyteuarr					YTD
Paiclatrurs	ODe20t-cc	SeJul-20p	ODe19t-cc	%l- SeJuvs20p	O%t- Devsc19c	ApDe20r-c	ApDe19r-c	%Apr- Devs19c
Set atsgmensse
()Spialiestaec	8,004	7,600	8,271	5%	3%-	8,004	8,271	-3%
(b)Polytysrene	1,852	1,691	2,041	10%	9%-	1,852	2,041	-9%
()Unllocdtecaa	1,227	977	237	26%	417%	1,227	237	417%
Tol stat atsegmensse	11,082	10,267	10,550	8%	5%	11,082	10,550	5%
Seliabiliiesttgmen
()Spialiestaec	2,600	2,954	2,993	-12%	13%-	2,600	2,993	-13%
(b)Polytysrene	1,037	912	834	14%	24%	1,037	834	24%
()Unllocdtecaa	173	153	674	13%	74%-	173	674	-74%
Tol sliabilitatteegmens	3,810	4,019	4,501	-5%	-15%	3,810	4,501	-15%

(Unit : INR mn)

Outlook 2021

Assumptions for 2021

• • Global economies to see gradual recovery driven by stimulus packages rolled by all governments andstart of COVID-19 vaccination.
• •We do see short term concerns on global supply chain due to container movement in APAC region
• •We expect Indian economy to show improvements driven by positive sentiments from Union budget 2021
• •We expect the ABS and Styrenics market to get long sometime this year

Target 2021

• • Continue to strengthen our product position in focus segments and drive mix to maximize margins in linewith INEOS Styrolution Triple Shift Strategy
• • Continue focus on safe operations and maximize utilizationof in-house assets to improve ROCE

THANKYOU