#1E COSMO FILMS CF Engineered to Enhance Investors Presentation Speciality Films for Sustainable Packaging Flexible Packaging | Lamination | Labeling | Synthetic Paper February 2020#2Discussion Summary □ Company Overview India Industry - Key Dynamics and Capex Strategy Key Focus Areas - R&D, Sustainability and Specialty Company Financials Corporate Governance & Management Cosmo Films - Key Differentiators Corporate Social Responsibility 1 CF#32 Company Overview Strong History & Leading Position Established in 1981, Cosmo Films Ltd. is the pioneer of BOPP Films Industry in India. ☐ Promoted by Mr. Ashok Jaipuria, the company is also the largest BOPP film exporter from India. Global Leader in Thermal Lam Films With the acquisition of GBC Commercial Print in June 2009, Cosmo is now the world's largest producer of thermal lamination films. Unique Proposition Uniquely positioned with good mix of commodity and speciality films. Widest product portfolio under one roof. ☐ Multiple lines allowing dedicated runs for speciality films. Production Facilities Units in India, Korea, & USA with annual installed capacity as follows: BOPP Films: 196K MT Thermal Films: 40K MT Coated Specialty Films: 20K MT Metalized Films: 22K MT CPP Films: 10K MT Strong Export Footprints Leading BOPP Films exporter from India with export to more than 100 countries. Strong Financials ☐ Continuous growth and profitability track record. Corporate Governance & Professional Management ☐ Strong Independent board ☐ High on Corporate Governance Professional Management Strong R&D Focus Collective R&D experience of over 100 years. ☐ Recently received one patent for Release BOPP Film and applied for a new patent for High Barrier CPP Film. This in addition to 6 patents in India and 3 in US. Certification, Awards & Recognition ☐ ISO 9001:2000 ISO 14001:2004 British Retail Consortium (BRC) American Institute of Baking (AIB) CII Excellence Award for 5S Winner of several product innovation awards viz. PFFCA, Asia Star etc. CF#43 Company Overview - Vision 2020 CF "To be the most preferred global brand offering value added oriented films for packaging, labels, lamination and industrial applications."#5Company Overview - Milestones 2006 2005 2004 2003 2002 2001 1996 CF 1988 1981 1st 2nd BOPP Line 3rd BOPP Line 4th BOPP Line BOPP Line Acquired Gujarat Propack Ltd 5th BOPP Line 6th BOPP line 1st Extrusion Coating line 2nd Extrusion Coating line 1st Metallizer line CF 2007 3rd & 4th Extrusion Coating line 1st Coating Line Gas based electricity generation unit 5th Extrusion Coating line#6LO 5 Company Overview - Milestones 2020 2018 2017 2015 2016 2014 2013 2012 2011 2010 2008 2009 6th CF 2021 (P) Masterbatch Line-2 Coating Manufacturing 6th & 7th Extrusion Coating line Acquired GBC Commercial 2nd Korea Metallizer Line Plant 2nd Coating Line 9th BOPP Line 3rd Coating line 4th & 5th Coating line CPP Line-1 10th BOPP Line CPP 8th BOPP Line 3rd Metallizer Line 4th Metallizer Line Upgradation of US Plant Line#76 Company Overview - BOPP EDGE MOISTURE BARRIER Better Shelf Life, Guard Sensitive Products CHEMICALLY INERT Suitable For Food & Pharma LOW COF AND LOW SIT Good Machinability At High Speeds LOWEST DENSITY Higher Yield LOW MELTING POINT & MOLECULAR WEIGHT Fully Recyclable Environment Friendly HEAT SEALABILITY Suitable For Flexible Packaging CF EXCELLENT CLARITY & HIGH GLOSS Better Aesthetics VERSATILE IN NATURE Additives Can Lead To Various Modifications & High Performance#8Company Overview - Product Portfolio Krack Jack Kurkure Lipton ays Sunfeast Fruits Nuts Loke kinley CLEAR 12% SALES REVENUE 23% 42% CF PACKAGING FILMS LAMINATION FILMS LABEL FILMS INDUSTRIAL FILMS 23% О Print & Pouching Films O Standard Range о (Thermal Lamination & О Barrier Films Wet Lamination) Pressure Sensitive Label o Synthetic paper stock films Direct Thermal 。 Tape & Textile Films 。 Overwrap Films Special Application Printable films Packaging Lamination Label Industrial 。 Lidding Films Lamination Films In-mould films Premium Lamination Films Wrap Around label films Disclosure: All these are trademarks of respective Owners 7#98 PLANTS Manufacturing Footprint Waluj, Aurangabad, India 5 Lines BOPP NUMBER OF LINES Thermal 2 Lines Coating 3 Lines Metalizing 1 Line 2 Line 1 Line 1 Line CPP Karjan, Vadodara, India 3 Lines 1 Lines Shendra, Aurangabad, India Asan, Korea 1 Line 5 Lines 2 Line 1 Line 1 Line TOTAL INSTALLED CAPACITY 1,96,000 TPA 40,000 TPA 20,000 TPA* 22,000 TPA 10,000 TPA * New Coating capacity got commissioned in Q2, FY19-20. OF Waluj, India Shendra, India Karjan, India Asan, Korea CF#109 Company Overview - Customer Base Sales FY 18-19 54% 46% CANADA Export ■Domestic GERMANY US KOREA JAPAN CHINA INDIA Manufacturing Locations Sales Offices-Other than manufacturing locations CF#1110 Key Customers CF amcor COVERIS HIGH PERFORMANCE PACKAGING TM Huhtamaki MINI PAK EMIRATES PRINTING FORMS EST. Constantia Flexibles Aditya Flexipack KRIS FLEXIPACKS UPM RitRAMA self-adhesive materials ES FLEXO SPRING S.A.S PEOPLE QUALITY PRODUCTS SERVICE GARLOCK Printing & Converting CLONDALKIN a group with focus FLEXIBLE PACKAGING SMI Consistently Relevant Solutions PLASTICEL PLASTICOS ESPECIALES S.A. Printpack Packaging Better Ideas. AVERY DENNISON altea PACKAGING Disclosure: All these are trademarks of respective Owners b bak ambalaj CCL eits A Americk Packaging#1211 Some of the brands we service BRITANNIA Eat Healthy, Think Better PARLE R pepsi Mars COLGATE-PALMOLIVE Unilever Reckitt Benckiser P&G A ITC Limited Coca-Cola PERFETTI van Melle Nestle Carlsberg Lindt UB United Biscuits Cream bell Disclosure: All these are trademarks of respective Owners Cadbury FERRERO ROCHER ConAgra Foods Food you love GPI GODFREY PHILLIPS -INDIA LIMITED- Dufil 3 CF#13India Industry Dynamics and Capex Strategy ☐ Global BOPP demand is estimated to be approx 8 million MT per annum The global demand and supply are broadly balanced I I C Currently India BOPP production capability is estimated at approx. 630k MT per annum. India domestic BOPP consumption is approx. 500k MT per annum and remaining is broadly exported. Indian BOPP Industry has been growing at almost double of the India's GDP growth rate over long term (except period of demonetization/GST implementation etc Data Source: AMI/PCI/Other Independent Research and Industry Sources I I I I I Strong domestic and global demand is helping efficient capacity utilisation. India BOPP Demand & Supply Dynamics: I CF Company's future capex strategy is aligned with Considering low packaged food penetration in India and rising personal disposable income, the Industry is estimated to grow fast. ☐ Investment in organized retail industry and change in pack format from rigid to flexible is going to further add to increasing demand. Based on capacity addition announced in India, new capacity expected in the Industry may not be able to address growing India demand. On current India BOPP Industry demand base, one new line each year may not be sufficient to address India's growing demand. target to increase speciality to 2/3 of volume in next few year which will majorly de- commoditized business model. Accordingly, company is undertaking low capex but high margin projects. In line with strong demand fundamentals, Cosmo Films has implemented an increase in capacity by 60k MT p.a. in early Feb 2017 with 10.4 meter width state of art BOPP line, which is one of the lowest cost producing line in the world. 12#1413 Key Focus Areas Speciality and Product Mix Skewing Product Mix more towards specialty products, with consequently better margins and removing cyclability impact. R&D and Sustainability Focus More & more green practices in manufacturing, more films enabling circular economy. Innovation led products. Customer Centric Creating Customer Centric Culture:- Robust Service Offer, New Offices Overseas, CRM, Establishing tripartite partnership between us, Converter and Brand Owners. Capex Strategy and Margin Expansion Projects Further Capacity expansion is planned mainly in Value Add segment, margin expansion and sustainability for next 2 years. Diversification Playing in strength areas, diversifying into special chemical manufacturing and B2C for specific products 3 4 2 1 CF#1514 Key Specialty Products launched during last few quarters High Barrier Heat Resistant Film 。 Specifically designed for printing layer as a replacement of BOPET film in multilayer laminates. Ideal for packaging of oily snack food. High Metal Bond CPP Film o High Metal Bonding resulting into good inter-layer bond strength Packaging Films Industrial Films CF High Tear Resistant Synthetic Paper (CSP) 。 Originally designed for high tear resistant tag applications. Also offers moisture, oil and chemical resistance just like standard synthetic paper. Tape Release Film 。 Pressure sensitive tapes Release coated BOPP liners Universal PET Lidding Film 。 Universal lidding film which laminates with different plastic and paper materials and has easy release Metalized Velvet Film o Excellent Matte velvet finish with a silvery look; ideal for luxury gift packaging, cosmetics, perfume cartons etc. Lamination Films Label Films High Gloss Metalized Label Film 。 Mirror Finish Glossy film which can be printed with high speed flexo printing machine. Suitable for premium labeling applications for instance liquor & personal care#16Research and Development - A Snapshot CF Focus areas Identifying technical (product/applications) growth areas through customer activities, exhibitions, publications and technical interactions Support water based printing and complete replacement of solvent based coatings with water based coatings Increase the occupancy of value adds in the products baskets Reduce carbon footprints through down gauging in our products and reducing consumption of raw materials & fuel Infrastructure R&D labs with most sophisticated equipments, one in India & one in the US • Some of the equipments • Barrier Testing (OTR & MVTR) • . Thermo Gravimetric Analysis (TGA) • Mass Spectrometer (MS) • Optical Microscope · Dynamic Mechanical Analyzer . Perkin Elmer FTIR • . • • Achievements Recognition and certification by Department of Scientific & Industrial Research, Government of India Differential Scanning Calorimeter (DSC) UV spot coating and screen printing Scanning Electron Microscope (SEM) ANSI Barcode scanner Recently received one patent for Release BOPP Film Multiple patents with 6 in India and 3 in the US Multiple product development Awards such as Indiastar, IFCA STAR and PFFCA STAR awards First thermal lamination film to take extrusion coating without the primer • UV flexoproof 100 15 - Investment of 1M$ in new R&D centre in India - The R&D team has Ph.Ds & Post Docs from renowned universities in the USA and Europe. - New pilot line for customized product trials for film manufacturing, coating and lamination. - Global experience in Packaging, Polymer Engineering, Biopolymers and Nanomaterials.#1716 Sustainable Product Practices 01 Offer mono-material poly-olefin films for ease of recycling CF 02 Designed heat resistant BOPP films replacing BOPET; mostly used in print layer, giving last push to creation of mono-material structures Company has been partnering with some of the best global brands to offer structure rationalization 04 Both BOPP and CPP films offer better yield, hence enabling reduced consumption of plastics 05 Offer a suitable substitute for aluminum foil in form of its Ultra-High Barrier Films 06 Offer Oxo-Biodegradable Films 07 Use of Water Based Coatings 08 UV stabilized Synthetic Paper can be used to replace PVC in outdoor promotional applications for shorter duration requirements up to one year 16#1817 Customer Centricity to become Global preferred Player CF Sales Team Strengthening Sales team:- local resources in several countries, dedicated resource for engagement with global brands, etc. Expansion Expanding Customer base in Potential Segments and Geo- Markets Engagement Improving End User Engagement Global Preferred Player Customer Centric Culture Creating Customer Centric Culture: Robust Service Offer, CRM, Cross Functional Alignment Brand Visibility Creating brand visibility globally: Digital marketing, Print Media advertising, Trade shows participation etc. Solution Approach Solution approach to Selling:- Establishing tripartite partnership between us, Converter and Brand Owners to find solutions for unmet needs#1918 CRM-A 360 degree view for Customers ☐ Visibility to stage wise progress of order from order receipt to order dispatch ☐ Auto email alerts at every stage of order processing with the final email containing LR/BL documents ◉ ☐ Automated process of sending invoice, packing lists and shipment plan to customers along with an option for downloading the documents online Complete visibility to receivables and statement of account in simple clicks ☐ Easy to log complaint and track status Option of uploading supporting photographs for faster complaint resolution Customer Portal Available on cloud, can be accessible from anywhere on any device CF CRM СКЪП C#20◉ Initiatives to improve Quality Culture Implemented Six Sigma System at the organizational level to improve quality culture. 15 people trained as six sigma green belts last year, completed 10 ▪ projects covering quality, cost reduction and process improvements. Second batch of six sigma underway, new projects initiated. ◉ Implementation of 5S at shop floor is underway to make Cosmo shop floors world class. Taken initiatives like double door system on each door, automating door closures etc. Green rating awarded by EcoVadis Sustainability Ratings Initiated lean manufacturing from our Karjan unit which shall be horizontally deployed at all three locations. ☐ CF Initiated small quality improvement projects with lower level cross functional teams to reduce customer quality complaints. Started shop floor technical training for sales & marketing team for better understanding of product applications and manufacturing processes. Got A grade rating from two of major customers during plant quality audit. Customer complaint weekly QA meeting has been started and has been adding value to the quality management system. Initiated sharing product success stories for publishing on social media. Developed online COA (Certificate of analysis) generation application in SAP for all three units to provide system generated COAS to customers. 19 Cameras are installed on BOPP, Coating and Extrusion Coating Lines to detect inline defects and then rectify them#21Some Recent Achievements 2019 ☐ Ranked as 10th in the list of Fortune's Next 500 midsize companies Recognized as one of the top 500 corporates by Dun & Bradstreet Received the Best Employer Award at the 14th Aurangabad Employer Branding Awards ☐ Received the Aurangabad Manufacturing Leadership Award by the World Quality Congress 2018 COSMO FILMS 2018 Mr. Poddar received the "Young Business Leader Award" at the Dare to Dream Awards, presented by Zee Business in association with SAP ☐ Mr. Poddar bagged the "People's CEO Award" at NIPM National HR Excellence Award ZEBBUSINESS Presents Dar SAP Dre to Aw S ITSU 20 20 Received the "SAP ACE Award” by SAP INDUS Received the "SAP Hana Visionary Award" by SAP 2017 Top Ten Multibagger Midcap Stocks To Buy By Experts, published by ET Markets.com CF FUJITSU#2221 Financials CF Audited FY 16-17 Audited FY 17-18 Audited FY 18-19 Particulars Standalone Consolidated Standalone Consolidated Standalone Consolidated INR Crores Unaudited YTD Dec-19 Standalone Consolidated Net Sales 1,403 1,521 1,749 1,847 2,050 2,157 1,559 1,679 EBIDTA 186 169 181 168 169 181 189 202 EBIDTA % 13% 11% 10% 9% 8% 8% 12% 12% PBT 115 91 85 PAT 108 85 5050 64 69 72 118 126 85 64 58 61 85 93 EPS 56 99 45 44 34 30 32 59 63 Book Value 297 295 332 323 363 355 398 398 EPS is calculated based on trailing 12 months ✓ BOPP film margins, which has been running subdued in India domestic industry from last two years due to demand-supply mismatch, has witnessed improvement from Q4, FY18-19. ✓ Management focus shall continue to be on expanding specialty, R&D efforts, margin expansion projects and improving internal efficiencies.#2322 Financials Contd.. Particulars Net Sales EBIDTA EBIDTA % PBT PAT EPS* Book Value Unaudited Q3 FY 19-20 Unaudited Q2 FY 19-20 INR Crs Unaudited Q3 FY 18-19 Standalone Consolidated Standalone Consolidated Standalone Consolidated 534 75 580 77 516 558 536 558 59 65 29 36 14% 13% 11% 12% 5% 7% 51 52 34 38 7 11 36 36 25 29 9 13 59 398 63 398 45 51 31 31 381 380 345 340 *EPS is calculated on the basis of trailing 12 months results - Key Highlights Q3, FY19-20 Results Q3 FY20 net revenue increased by 4% on YOY basis backed by better mix and higher volume. The improved performance is on account of higher sales of speciality films, strong operating margin on BOPP film (due to balanced demand supply scenario) and improvement in overseas subsidiaries operations. Last year results included Rs.8 crores of profit on sale of assets in US subsidiary following the relocation of plant. CF#2423 Financials - Key Ratios CF Audited FY 17-18 Particulars Standalone Consolidated Audited FY 18-19 Standalone Consolidated Unaudited YTD Dec-19 Standalone Consolidated ROE (%) 14% 11% 9% 9% 16% 17% ROCE (%)* 10% 9% 8% 9% 13% 14% Net Worth (INR Crores) 637 620 695 680 680 763 764 764 Net Debt (INR Crores) 617 681 588 643 514 569 Debt/Equity Ratio (times) 1.0 1.1 0.9 1.0 0.7 0.7 Asset Turnover Ratio (times) 2.2 2.4 2.0 2.1 2.1 2.2 Dividend per share (INR) 6.0 6.0 15.0 Net Debt/EBITDA (times) 3.4 4.1 3.5 3.5 2.1 2.2 Excluding Treasury YTD Dec 2019 ROE/ROCE is based on trailing 12 months#2524 Corporate Governance Board of Directors - CF Mr. Ashok Jaipuria Chairman & Managing Director Our founder Chairman & Managing Director has more than 40 years of experience of the Corporate World. He is a Member of the Executive Committee of the FICCI, president of the Golf Foundation, a member of the Board of Governors of IIT- Patna and among the Board of Directors of DPS, Gurgaon. Mr. A. K. Jain Whole Time Director Mr. Jain has over four decades of experience in Finance and Accounts and General Management functions in industrial enterprises in India. Mr. Jain is a Commerce Graduate from Meerut University and an AICWA from ICWAI and a Certified Information System Auditor from Information System Audit and Control Association, USA. Mr. H. K. Agrawal Independent Director Mr. Agrawal has over four decades of experience in the fields of Strategic Management, Organization Structure, Finance and Training. He is an independent Management Consultant. Mr. H.K. Agrawal is a Mechanical Engineer from University of Jodhpur and MBA from Indian Institute of Management, Ahmedabad. Mr. Rajeev Gupta Non Executive Non Independent Director Mr. Gupta earned his B.Tech from IIT-Banaras Hindu University and a M.B.A. from the Indian Institute of Management, Ahmedabad. He was till recently the Managing Director of Carlyle Asia Partners and the Head of the Carlyle India Buyout Team. Ms. Alpana Parida Independent Director Ms. Alpana Parida has more than two decades of extensive experience in retail and marketing communication in the US and in India. Ms. Alpana Parida graduated from IIM- Ahmedabad in and has a degree in Economics from St. Stephens, Delhi University. Currently she is the President of DY Works, India's oldest and largest Branding Firm headquartered in Mumbai.#2625 Corporate Governance - Board of Directors (Contd..) Mr. Pratip Chaudhuri Non Executive Non Independent Director Mr. Pratip Chaudhuri holds a BSc. (Hons) Degree from St. Stephen's College, Delhi University and MBA from University Business School, Chandigarh. He is a Certified Associate of Indian Institute of Bankers (CAIIB). He retired as Chairman of State Bank of India, which is India's largest Bank. He is currently serving on the Board of several leading Companies. Mr. H. N. Sinor Independent Director Mr. H. N. Sinor has been a veteran banker, having spent over four decades in public as well as private sector banks like Union Bank of India, Central Bank of India and ICICI Bank. He was MD and CEO of ICICI Bank and after ICICI's merger with ICICI Bank, became Joint MD until his superannuation. He is also associated with various charitable and other trusts engaged in social activities. Dr. Vivek Nangia Independent Director Dr. Nangia is one of the very few qualified Infectious Diseases Specialists in the entire country having successfully completed first a Diploma and then M.Sc in Infectious Diseases from London University, UK as well as an Editor of a textbook titled -Sleep Related Breathing Disordersll, published by Jaypee brothers in 2014. He is acting as Director & Head Department of Pulmonology, Medical ICU and Sleep Medicine, Fortis Flt. Lt. Rajan Dhall Hospital- New Delhi, Director - Department of Pulmonology, Fortis Escorts Heart Institute and Research Center, Okhla Road, New Delhi and Senior Consultant, Infectious Diseases Fortis Flt. Lt. Rajan Dhall Hospital- New Delhi. - Mr. Anil Wadhwa Independent Director Mr. Wadhwa is an Ex- Member of the Indian Foreign Services. He holds a Masters Degree in History with specialization in Chinese History and Medieval Indian History and Architecture. He has served as Indian Ambassador to Poland, Lithuania, Sultanate of Oman, Thailand, Italy and San Marino. He has also served as a Permanent Representative of India to the Rome based UN Agencies- FAO, IFAD and WFP. He was Secretary (East) in the Ministry of External Affairs in New Delhi from 2014-2016 looking after South-East Asia, Australasia and Pacific, Gulf and West Asian regions. He was also the leader of the Senior officials to all meetings of ASEAN, ASEM, ACD, Arab League, Mekong- Ganga Cooperation, ARF and East Asia Summit. CF#2726 Senior Management Mr. Pankaj Poddar Chief Executive Officer Mr. Pankaj Poddar's career spans over a period of more than 20 years in finance, advisory, assurance and various leadership as well as management roles. Before joining Cosmo, Pankaj has worked with automotive & FMCG industries. His last stint was with Avon Beauty products as -Director Financell. Pankaj has also worked as the India CFO for Delphi Automotive Systems, Regional Head Assurance Services for Reckitt Benckiser and Manager Advisory & Assurance Services in Ernst & Young. Pankaj is a B.Com (H) from SRCC, qualified Chartered Accountant and holds a diploma in management. Awarded Indian CEO of the Year - 2016 by Brand Summit India. Mr. Neeraj Jain Chief Financial Officer Mr. Neeraj has over 20 years of experience in finance, business planning and strategy, taxation and risk management. Neeraj is with the Cosmo Films from March 2013 and has worked with Havells, Aditya Birla Management Corporation, and Bajaj Allianz on different leadership roles before joining Cosmo Films. He is a Bachelor of Commerce from Delhi University, a qualified Chartered Accountant and a Certified Information Systems Auditor (CISA) from ISACA, USA. Mr. Sanjay Chincholikar Head- Operations (India Films Business) Mr. Sanjay Chincholikar's career spans over 31 years in the field of manufacturing, engineering, projects, quality control, application and business development, sales and marketing and various leadership as well as management roles. In his current role, he heads Operations of India Films Business and is responsible for Manufacturing, Engineering, Research & Development, Quality Assurance and Technical Services Function. Sanjay is a Mechanical Engineeras well as a B.COM graduate. He is a post graduate in Sales and Marketing and holds a Diploma in management, business & factory management. He is also a certified Energy Manager by Bureau of Energy Efficiency, Government of India. CF#28- Cosmo Films - Key Differentiators CF Strong R&D focus - - Ahead in Product Development Curve Company will high R&D focus will have edge in changing scenario in flexible packaging Uniquely positioned - Mix of Specialty and BOPP Films with % share moving towards Specialty Strong Financials (Dec 2019) - ROE 17% - ROCE 14% Net Debt/EBITDA 2.2 times Sustainability focus company during phase of change in flexible packaging 27 F Technology driven company - First in Industry for taking technology initiatives i.e. CRM, Cloud Architecture, IT Security, MDM etc Expand Margin through backward integration (Masterbatch and Chemicals) Well Risk Mitigation Strategies -50% Exports Revenue diversified in more than 80 countries Highest Corporate Governance Standards 27#2928 Shareholding Pattern Shareholding Pattern (%age) 56% 44% Promoter Shareholding* ■Non-Promoter Shareholding* CF Top Non-Promoter Shareholders*: 1. Mr. Anil Kumar Goel 3.1% 2. M/s Cosmo Films ESOP 2015 Trust 1.4% 3. Mentor Capital Limited 1.0% 4. Aequitas Equity Scheme-I 0.9% 5. Principal Small Cap Fund 0.7% 6. Government of the Province of Alberta 0.6% 7. Nirmal Bang Securities Pvt Ltd. 0.5% 8. Aequitas Investment Consultancy 0.4% 9. LSV Global Concentrated Value Fund 0.4% * As at December 31, 2019#3029 ☐ ☐ Corporate Social Responsibility Some of the Flagship Programs (Education to 10,000+ Students) CF Computer Literacy Program Covers 4,000 students from class I to XII every year A B C 爪 Basic English Learning Program Implementation in 8 primary schools with 1,500 students Cosmo Gyan Vihar Kendra Identifies, enrolls and grades 2,500+ students from Class I to VII every year to strengthen their reading & writing skills National Award for Excellence in CSR & Sustainability -2015 in the category "Education Improvement" Asia Pacific Enterprise Leadership Award -2013 in the category Commitment to Philanthropy Africa CSR Leadership Award-2012 in the category improvement of Education " "Transforming young lives through technology": An evaluation of the impact of the Computer Literacy Program in rural areas of Vadodra district A paper Presented in Global Evaluation Conclave, New Delhi in 2010 -#3130 30 Coke pens Disclosure sded G 近 resca kinley CLEAR CLEAR Реден Certain statements in this presentation are -forward-looking statementsll. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results or occurrences. Actual results other financial condition may differ materially from those included in these statements due to a variety of factors. Any forward-looking statements made by or on behalf of Cosmo Films speak only as to the date they are made, and Cosmo Films does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made. CF#32Thank you CF COSMO FILMS Engineered to Enhance www.cosmofilms.com