#1妈 000 praj Innovate Integrate : Deliver Earnings Presentation-Q3/9M-FY23#2Company at a Glance 2021 1983 39 Years of Legacy Presence across 100+ countries I I I I praj 1300+ employees I 90+ research scientists 4 manufacturing facilities 300+ patents 40%+ business from repeat customers ~10% Global ethanol production market share* I 1000++ References/plants worldwide EBT Net Debt Free company Praj Industries Limited *Excluding China % 400 + overseas references 3-Year Revenue CAGR 3-Year EBITDA CAGR 27% 33% 3-Year PAT CAGR 30% FY22 ROCE 24% {2}#3Company Overview praj INNOVATION RELIABILITY Order book As on Q3-FY23 INR 33,800 Mn PASSION RESPONSIBILITY AGILITY Order Intake in Q3-FY23 INR 9,440 Mn • Incorporated in 1983 under the visionary leadership of technocrat Dr. Pramod Chaudhuri. Praj Industries Ltd. (Praj) has grown to become one of the most reputed and technologically advanced biotechnology and engineering companies in the world. Offering a bouquet of sustainable solutions for bioenergy, high purity water, critical process equipment, breweries and industrial wastewater treatment Focused on the environment, energy and farm-to-fuel technology solutions, with 1000++ customer references in 100+ countries across 5 continents and still counting. • Team of 90+ technologists, 300+ patents filings, and 24 Indian and 60 international patents being granted. • Known for its TEMPO (Technology, Engineering, Manufacturing, Project management, and Operations & Maintenance) capabilities. The manufacturing capabilities are substantiated by four world class manufacturing facilities located in Maharashtra and Gujarat, which are near ports and supported by a multi-disciplinary engineering team. Global Offices located in Thailand and Philippines in South East Asia and in Houston, Texas, USA. Operational Revenue (INR Mn) 25,164 23,333 13,047 11,411 11,024 8.62% 8.82% 8.33% 7.75% 7.43% FY19 FY20 FY21 FY22 9M-FY23 Revenue EBITDA 9M-FY23 Revenue Break Up (%) Hi Purity 6% Engineering 19% Bioenergy 75% Praj Industries Limited ( 3 )#4Business Segments Bio Energy 1G & 2G Ethanol plants Compresses Bio-Gas Future Fuel: SAF, Marine Biofuel, Bio Hydrogen etc. Praj Industries Limited High Purity Solutions Water Systems Modular Process Systems Value Added Services Engineering Businesses Critical process equipment & Skids Brewery and beverages Zero Liquid Discharge R&D Customized Research Services & Solutions BioPrism TM: Renewable Chemicals and Materials >>> 4 decades of leadership in Industrial Bio-technology Space praj {( 4 )#51000++ References in 100+ countries across all 5 continents.. And Still counting Gasohol FLUOR Super Estas L Findada en 1980 Iniciando un Nuevo Siglo RIOPAILA PRODUCT CASTILLA COMPROMISO DESDE 1918 Louisiana Green Fuels LLC mayaguez energia en evolución BIOENERGY INGENIO RISARALDA MARQUIS ENERGY CKBR KBR AEMETIS INGENIO PROVIDENCIA S. A. INCAUCA S.A. Europe ABSugar Vivergofuels BRITISH SUGAR CropEnergies UNGRAN SUIKER UNIE bio. wanze sti A ROYAL COSUN COMPANY Asia Americas . SUGAR. ILLOVO LIMITED አኳር ኮር ሬሽን Sugar Corporation ተወዳዳሪ የስኳር ኢንዱስትሪ ማንባት! Building Competitive Sugar Industry! RSSC ROYAL SWAZILAND SUGAR CORPORATION Praj Industries Limited MUMIAS SUGAR COMPANY LIMITED konya seker SUNBIRD NIGERIA DISTILLERIES LIMITED TRIANGLE AG SERVICES Africa India Fiveni ENGINEERING & INDUSTRIES LTD. PARRYS E.I.D-PARRY (INDIA) LIMITED bajaj hindusthan ltd. IPL praj LA Leyte Agri Corporation SuperGreen wilmar 99.8% FUEL GRADE ETHANOL BioEthanol GR UNIVERSAL ROBINA CORPORATION greenfuture peevesions, Inc. RSCL Rajshree Sugars & Chemicals Limited Shri AMBALIKA SUGARP PERKEBUNAN NUSANTARA Balrampur Chini Mills Ltd. {5}#62.55 83 4:16 73.5 669 Q3/9M-FY23 Financial Overview 179.09 85 49.03 99 77#7Q3/9M-FY23 Financial Highlights Q3-FY23 Performance (Standalone) INR 8,053 Mn Operating Income 55.6% YoY INR 764 Mn Operating EBITDA 60.8% YoY 9.49% EBITDA Margins 31 Bps YoY INR 557 Mn Net Profit (13.1)% YoY 6.92% PAT Margins (546) Bps YoY INR 3.03/Share Diluted EPS (13.2)% YoY 9M-FY23 Performance (Standalone) INR 22,665 Mn Operating Income 72.5% YoY INR 1,937 Mn Operating EBITDA 69.3% YoY 8.55% EBITDA Margins (16) Bps YoY Q3-FY23 Performance (Consolidated) praj INR 9,100 Mn Operating Income 55.4% YoY INR 862 Mn Operating EBITDA 69.0% YoY 9.47% EBITDA Margins 76 Bps YoY INR 623 Mn Net Profit 67.9% YoY 6.85% PAT Margins 51 Bps YoY INR 3.39/Share Diluted EPS 67.8% YoY 9M-FY23 Performance (Consolidated) INR 25,164 Mn Operating Income 67.3% YoY INR 2,097 Mn Operating EBITDA 64.2% YoY 8.33% EBITDA Margins (16) Bps YoY INR 1,604 Mn Net Profit 42.8% YoY 7.08% PAT Margins (147) Bps YoY INR 8.73/Share Diluted EPS 42.7% YoY INR 1,517 Mn Net Profit 63.8% YoY 6.03% PAT Margins (13) Bps YoY INR 8.25/Share Diluted EPS 63.7% YoY Praj Industries Limited#8Quarterly Consolidated Financial Performance Trend 5,856 Revenues (INR Mn) 8,766 9,100 8,290 7,299 510 EBITDA (INR Mn) 780 676 558 862 371 576 PAT (INR Mn) 481 413 praj 623 Q3-FY22 Q4-FY22 Q1-FY23 Q2-FY23 Q3-FY23 Q3-FY22 Q4-FY22 Q1-FY23 Q2-FY23 Q3-FY23 Q3-FY22 Q4-FY22 Q1-FY23 Q2-FY23 Q3-FY23 Praj Industries Limited Q3-FY23 Segmental Revenues Engineering 19% HiPurity 8% Bioenergy 73% Q3-FY23 Geographical Revenues Export 17% Domestic 83% {8}#9Consolidated Segmental Revenue REVENUE REVE NUE Bio Energy (INR Mn) 4,485 48% 6,618 Engineering (INR Mn) 104% 1,785 I 873 Q3-FY22 Q3-FY23 Q3-FY22 Q3-FY23 Bio Energy (INR Mn) 68% 18,791 11,166 Engineering (INR Mn) T I HiPurity (INR Mn) praj 499 40% 697 Q3-FY22 Q3-FY23 HiPurity (INR Mn) I 4,761 97% I 11% 1,613 1,454 2,423 | 9M-FY22 9M-FY23 9M-FY22 9M-FY23 Praj Industries Limited I 9M-FY22 9M-FY23 9}#10Q1-FY20 Order Intake & Order Backlog 1,680 5,390 3,270 2,220 Q2-FY20 Q3-FY20 Q4-FY20 Q1-FY21 Order Intake (At the end of each quarter, Values in INR. Mn) Q3-FY23 Segmental Order Intake - INR 9,440 Mn Q2-FY21 11,015 10,940 9,560 9,8109,440 7,450 6,050 6,5006,610 HiPurity 8% Engineering 10% 4,050 3,100 Q3-FY21 Q4-FY21 Order backlog (At the end of each quarter, Values in INR. Mn) Q1-FY22 Q2-FY22 Q3-FY22 Q4-FY22 Q1-FY23 Q2-FY23 Q3-FY23 Bioenergy 82% Q3-FY23 Geographical Order Intake Export 17% Domestic 83% Q3-FY23 Segmental Order backlog - INR 33,800 Mn Q3-FY23 Geographical Order backlog 32,41733,45733,800 28,775 26,050 HiPurity 22,350 5% 20,230 Engineering 14% Export 13% 16,6507,480 Q1-FY20 Q2-FY20 8,860 Q3-FY20 11,3001,5790,832,6304,080 Q4-FY20 Praj Industries Limited Q1-FY21 Q2-FY21 Q3-FY21 Q4-FY21 Q1-FY22 Q2-FY22 Q3-FY22 Q4-FY22 Q1-FY23 Q2-FY23 Q3-FY23 Bioenergy 81% Note: Engineering businesses include critical process equipment & skids, brewery and ZLD segments. Domestic 87% (10) praj#11Q3/9M-FY23 Operational and Industry Highlights Operational Highlights . • Consistent performance with healthy growth in delivery volumes 1G: Successfully commissioned Asia's largest single train 510 KLPD syrup to ethanol plant 2G: IOCL Panipat is in pre-commissioning stages and expected to start ethanol production by end of March 2023 CBG: First rice straw based commercial plant is under final stages of commissioning. Expected completion by end of March 2023. praj CPES: Energy Transition and Climate Action (ETCA) is emerging as a strong development agenda globally- opening up more opportunities for the business. A new facility to be setup to cater to this demand Brewery: The beer consumption levels has crossed the pre pandemic levels; healthy flow of enquiries PHS: Increasing traction for offerings in the High nacity fermenters space, which accounts to 20% of the total OB in this year SAF: Praj has entered into an MoU with Axens, France to work jointly on Sustainable Aviation Fuel related projects in India. SAF will be produced by deploying Praj's integrated bioprocess technologies for Alcohol production and Axens Jetanol TM Alcohol-to-Jet (ATJ) technology Industry Highlights . EBP 20 program progressing ahead of its target Automobile sector is gearing up for ethanol adoption beyond EBP20; flex fuel engine vehicles displayed during India Auto Expo ahead for eth • Sugar sector is further optimistic for its ethanol capacity enhancement • Low carbon ethanol technologies witnessing traction, mainly in USA Jharkhand government has issued Ethanol Production Promotion Policy-2022with a provision of subsidy of 25% or a maximum of Rs 30 crore for setting up of ethanol plants in the state Praj Industries Limited (11)#12Key highlights Praj to set up a new manufacturing facility • Energy transition and climate action is emerging as a strong development agenda globally. To address business opportunities arising out of this, Praj has decided to invest in a new manufacturing facility to be housed in a new subsidiary. Praj entered into an MoU with Axens to work on SAF projects in India praj Innovate Integrate Deliver Praj Industries Limited • Axens and Praj have signed a Memorandum of Understanding to work jointly on projects in India for production Axens Powering integrated solutions • of Sustainable Aviation Fuel (SAF) from low carbon alcohols through Alcohol-to-Jet (ATJ) pathway. Praj brings to the table proven expertise in modularized solutions, integration services for complete project and technology for production of low carbon isobutanol and ethanol from conventional bio-sourced feedstock. • Axens to provide its Jetanol™ Alcohol-To-Jet technologies (dehydration, olefin oligomerization and hydrogenation steps), catalyst solution, equipment and services (training, technical assistance) for conversion of alcohols to SAF. praj ({12}#13Key Points from Union Budget 2023 (1/2) GOBARdhan Scheme • 500 new 'waste to wealth' plants under GOBARdhan (Galvanizing Organic Bio-Agro Resources Dhan) scheme will be established for promoting circular . . economy. praj These will include 200 compressed biogas (CBG) plants, including 75 plants in urban areas, and 300 community or cluster-based plants at total investment of 10,000 crore. In due course, a 5% CBG mandate will be introduced for all organizations marketing natural and bio-gas. For collection of bio-mass and distribution of bio- manure, appropriate fiscal support will be provided. Excise duty exemption on CBG blending In order to promote green fuel, central excise duty exemption is being provided (with effect from 2 Feb 2023) to blended Compressed Natural Gas from so much of the amount as is equal to the GST paid on Bio-Gas/Compressed Bio-Gas contained in the blended CNG. Energy Transition Budget provides 35,000 crore for priority capital investments towards energy transition and net zero objectives, and energy security by Ministry of Petroleum & Natural Gas. Green Hydrogen Mission • Additional outlay of 19,700 crores, to facilitate transition of the economy to low carbon intensity and reduce dependence on fossil fuel imports. India's target is to reach an annual production of 5 MMT Green Hydrogen by 2030. Praj Industries Limited {13}#14Key Points from Union Budget 2023 (2/2) praj Green Credit Program For encouraging behavioural change, a Green Credit Programme will be notified under the Environment (Protection) Act. This will incentivize environmentally sustainable and responsive actions by companies, individuals and local bodies, and help mobilize additional resources for such activities. • Relief to sugar co-operatives from past tax demand As a welcome measure for the financially stressed sugar sector, budget provided a relief of INR 10,000 crore. Sugar mills will be allowed to claim payments made to sugarcane farmers for the for the period prior to assessment year 2016-17 as expenditure under tax assessment. Pharma Innovation • A new program to promote research and innovation in pharmaceuticals will be taken up through 'centers of excellence'. Industry is encouraged to invest in research and development in specific priority areas. Praj Industries Limited {14}#15Drivers for Ethanol demand Beyond E20 E27 Praj Industries Limited praj Ethanol blending upto 27% in existing Petrol vehicles Flex Fuel engines Engines running on ethanol blend varying from 20% up to 85% Ethanol blending in diesel R&D suggests- blend of ethanol in diesel upto 7.5% is easily possible Hybrid vehicles Vehicles running on ethanol run IC engines along with electric batteries Sustainable Aviation Fuel Only USA would need 24 bn liters of ethanol for production of SAF {15}#16Praj @ India Auto Expo Life Cycle Assessment of Biofuel Accelerating Sustainable Actions through Circular Bioeconmy 1000 References in more than 100 countries across all 5 continents and still counting antinents and still counting Praj Industries Limited Revenue -$300Mn 39 Glorious Ye 10% al Ethane on Capac 1300+ Employees 3 39 Glorious Years Manufact Location 16 lab Faciliti THECHAN Oil India Limited ion ste2Wealth my praj (16)#17India Auto Expo 2023 Different car and bike makers displayed vehicles running on Flex Fuel engines- Clear indication that auto industry is gearing up for ethanol adoption beyond EBP20 praj WAGONR Wagonk Rex Fuel Demonstrator WagonR can run on Ethanol-petrol blend of 20-85% rache ETHANOL PAVILION FLEXFUEL Toyota Corolla Altis flex fuel Bajaj Pulsar Ns160 flex fuel has 12L fuel tank capacity and can work in the E20-E85 range LION 13-0 जैविक पहल The TVS Apache RTR 160 flex fuel has compatibility of 20-85% ethanol mix The Hero Glamour Xtec has a 125cc engine, 10L fuel tank and compatibility of E20-E85 ethanol mix Praj Industries Limited L H GAKER Honda is also ready with flex fuel technology as seen in XRE 300 rally's E20-E85 compliance range (17)#18Quarterly Financial Performance - Standalone praj Q-o-Q Particulars (INR Mn) Q3-FY23 Q3-FY22 Y-o-Y Q2-FY23 Operational Income 8,053 5,176 55.6% 7,942 1.4% Expenses 7,289 4,701 55.1% 7,322 (0.5)% EBITDA 764 475 60.8% 620 23.2% EBITDA Margins (%) 9.49% 9.18% 31 Bps 7.81% 168 Bps Other Income 73 344 (78.8)% 263 (72.2)% Depreciation 64 46 39.1% 64 ΝΑ 6 5 20.0% 7 (14.3)% PBT 767 768 (0.1)% 812 (5.5)% Tax 210 127 ΝΑ 171 NA 557 3 Profit After tax PAT Margins (%) 6.92% Other Comprehensive Income Total Comprehensive Income 560 644 (13.0)% 619 (9.5)% Diluted EPS (INR) 3.03 3.49 (13.2)% 3.49 (13.2)% Praj Industries Limited (18) 641 (13.1)% 641 (13.1)% 12.38% (546) Bps 8.07% (115) Bps 3 ΝΑ (22) ΝΑ#19YTD Financial Performance - Standalone praj Particulars (INR Mn) Operational Income 9M-FY23 9M-FY22 Y-o-Y 22,665 13,140 72.5% Expenses EBITDA EBITDA Margins (%) Other Income Depreciation terest PBT 20,728 11,996 72.8% 1,937 1,144 69.3% 8.55% 8.71% (16) Bps 378 448 (15.6)% 183 140 30.7% 18 14 28.6% 2,114 1,438 47.0% Tax (510) 315 ΝΑ Profit After tax 1,604 1,123 42.8% PAT Margins (%) 7.08% 8.55% (147) Bps Other Comprehensive Income (19) (15) 26.7% Total Comprehensive Income 1,585 1,108 43.1% Diluted EPS (INR) 8.73 6.12 42.7% Praj Industries Limited (19)#20Quarterly Financial Performance - Consolidated praj Q-o-Q Particulars (INR Mn) Q3-FY23 Q3-FY22 Y-o-Y Q2-FY23 Operational Income 9,100 5,856 55.4% 8,766 3.8% Expenses 8,238 5,346 54.1% 8,090 1.8% EBITDA 862 510 69.0% 676 27.5% EBITDA Margins (%) 9.47% 8.71% 76 Bps 7.71% 176 Bps Other Income 78 50 56.0% 62 25.8% Depreciation rest PBT 72 52 38.5% 72 ΝΑ 8 5 60.0% 8 ΝΑ 859 503 70.8% 658 30.5% Tax 236 132 78.8% 177 33.3% Profit After tax 623 371 67.9% 481 29.5% PAT Margins (%) 6.85% 6.34% 51 Bps 5.49% 136 Bps Other Comprehensive Income 10 3 ΝΑ (26) NA Total Comprehensive Income 633 374 69.3% 455 39.1% Diluted EPS (INR) 3.39 2.02 67.8% 2.62 29.4% Praj Industries Limited {20}-#21YTD Financial Performance - Consolidated Particulars (INR Mn) Operational Income Expenses EBITDA EBITDA Margins (%) Other Income Depreciation rest PBT praj 9M-FY23 9M-FY22 Y-o-Y 25,164 15,043 67.3% 23,067 13,766 67.6% 2,097 1,277 64.2% 8.33% 8.49% (16) Bps 194 167 16.2% 208 159 30.8% 24 17 41.2% 62.4% 2,059 1,268 Tax 542 342 58.5% Profit After tax 1,517 926 63.8% PAT Margins (%) 6.03% 6.16% (13) Bps Other Comprehensive Income (16) (18) (11.1)% Total Comprehensive Income 1,501 908 65.3% Diluted EPS (INR) 8.25 5.04 63.7% Praj Industries Limited ({21}#222.55 83 4:16 73.51 669 W Historical Financial Overview 179.09 85 49.03 99 77#23Historical Standalone Financial Performance praj Particulars (INR Mn) FY19 FY20 FY21 FY22 9M-FY23 Operational Income 9,233 9,419 10,885 20,532 22,665 Expenses 8,436 8,632 9,936 18,691 20,728 EBITDA 797 787 949 1,841 1,937 EBITDA Margins (%) 8.63% 8.35% 8.72% 8.97% 9.49% Other Income 219 299 232 517 73 Depreciation 200 188 191 198 64 Interest > 25 23 21 6 (98) 809 775 967 2,139 2,114 Tax 185 128 255 495 (510) Profit After tax 624 647 712 1,644 1,604 PAT Margins (%) 6.76% 6.86% 6.54% 8.01% 7.08% Other Comprehensive Income + (12) 10 (8) (19) Total Comprehensive Income 628 635 722 1,636 1,585 Diluted EPS (INR) 3.42 3.53 3.89 8.95 8.73 Praj Industries Limited 23#24Historical Standalone Balance Sheet praj Particulars (INR Mn) FY21 FY22 H1-FY23 Particulars (INR Mn) FY21 FY22 H1-FY23 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 1,865 1,875 1,969 Share Capital Capital Work in progress 14 48 Other Equity Investment Property 137 137 137 Intangible assets (Incl under development) 8 17 33 Total Equity 366 367 367 7,404 8,697 8,964 7,770 9,064 9,331 Financial Assets Non Current Liabilities (i)Investments 1,974 2,221 2,107 (i) Lease Liability 113 126 152 (ii) Long-term Loans and Advances (ii) Other Financial Liabilities (iii) Other 90 78 107 Provisions 144 155 154 Deferred tax assets (net) 75 Other Assets 17 24 32 Deferred Tax Liabilities 30 61 Sub Total Non Current Assets 4,170 4,365 4,432 Sub Total Non Current Liabilities 257 311 367 Assets Current Liabilities 894 3,048 3,517 (i)Trade Payables 2,908 3,691 3,558 Financial Assets (ii)Other Financial Liabilities 105 78 205 (i)Investments 2,778 3,906 3,234 (ii) Trade Receivables 3,727 4,169 5,422 (iii) Lease Liabilities 34 46 71 (iii) Cash and Cash Equivalents 721 782 627 Other current Liabilities 3,342 7,088 7,822 (iv)Other Bank Balances 251 278 277 Provisions 232 405 284 (v) Others 45 73 39 Current Tax Liabilities (Net) 33 23 Current tax assets (net) 37 Sub Total Current Liabilities 6,654 11,332 11,941 Other Assets 2,095 4,086 4,053 Sub Total Liabilities Sub Total Current Assets 10,511 16,342 17,207 6,911 11,643 12,308 TOTAL ASSETS 14,681 20,707 21,639 TOTAL EQUITY AND LIABILITIES 14,681 20,707 21,639 Praj Industries Limited [24]}#25Historical Consolidated Financial Performance praj Particulars (INR Mn) FY19 FY20 FY21 FY22 9M-FY23 Operational Income 11,411 11,024 13,047 23,333 25,164 Total Expenses 10,527 10,205 11,923 21,274 23,067 EBITDA 884 819 1,124 2,059 2,097 EBITDA Margins (%) 7.75% 7.43% 8.62% 8.82% 8.33% Other Income 233 261 257 241 194 Depreciation 230 218 221 226 208 8 31 29 25 24 rest PBT 879 831 1,131 2,049 2,059 Tax 197 127 320 547 542 Profit After tax 682 704 811 1,502 1,517 PAT Margins (%) 5.98% 6.39% 6.22% 6.44% 6.03% Other Comprehensive Income (3) 11 (22) (16) Total Comprehensive Income 688 701 822 1,480 1,501 Diluted EPS (INR) 3.74 3.85 4.42 8.18 8.25 Praj Industries Limited 25}#26Historical Consolidated Balance Sheet praj Particulars (INR Mn) FY21 FY22 H1-FY23 Particulars (INR Mn) FY21 FY22 H1-FY23 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, Plant & Equipment 2,064 2,085 2,165 Share Capital 366 367 367 Capital Work in progress 4 14 48 Other Equity 7,652 8,790 8,899 Investment Property 137 137 137 Non Controlling Interest 7 1 Goodwill 626 626 626 Intangible assets 11 Total Equity 8,025 9,157 9,267 19 34 Non-Current Liabilities Financial Assets (i)Investments 398 652 538 (i) Lease Liability 113 148 152 (ii) Other Deferred tax assets (net) 151 139 215 (ii)Other Financial Liabilities 6 6 104 19 Provisions 157 171 173 90 31 40 Deferred Tax Liabilities (Net) Non-Current Assets 3,585 3,722 3,803 Sub-Total Non-Current Liabilities 270 325 340 Assets Current Liabilities Inventories 1,289 3,450 4,024 Financial Assets (i)Trade Payables 3,416 4,248 4,068 (i) Investments 2,950 3,979 3,326 (ii) Other Financial Liabilities 134 120 214 (ii) Trade Receivables 4,534 5,118 6,386 (iii) Lease Liabilities 63 63 104 (iii) Cash and Cash Equivalents 1,011 1,075 791 Other current Liabilities 3,763 7,761 8,691 (iv) Other Bank Balances 313 476 386 Provisions 251 429 300 (v) Others 46 74 41 Current Tax Liabilities (Net) 16 24 Current tax assets (net) 54 Sub-Total Current Liabilities Other Assets 2,210 4,233 7,643 12,645 13,375 4,171 Sub-Total Current Assets 12,353 18,405 19,179 Sub-Total Liabilities 7,913 12,970 13,715 TOTAL ASSETS 15,938 22,127 22,982 TOTAL EQUITY AND LIABILITIES 15,938 22,127 22,982 Praj Industries Limited 26#27Consolidated Historical Financial Trend Revenue (INR Mn) OPERATING EBITDA (INR Mn) 13,047 11,411 11,024 25,164 23,333 2,097 2,059 1,124 884 819 7.75% 7.43% 8.62% 8.82% 8.33% FY19 FY20 FY21 FY22 9M-FY23 FY19 FY20 FY21 EBITDA H1-FY23 Net Debt to Equity (x) ווויו (0.16) (0.06) (0.11) Praj Industries Limited FY22 EBITDA Margins ROE and ROCE (%) 9M-FY23 24% 15% 12% 12% 16% (0.13) 9% 10% 10% (0.17) FY19 FY20 ROE I PAT (INR Mn) 811 682 704 praj 1,502 1,517 5.98% 6.39% 6.22% 6.44% 6.03% FY19 FY20 FY21 FY22 9M-FY23 PAT PAT Margins Working Capital Days 131 120 122 82 FY21 FY22 FY19 FY20 FY21 FY22 ―ROCE ROE = Net Profit/Net worth, ROCE = EBIT/Capital Employed {27}-#28Capital Market Data 40% 30% 20% 10% 0% -10% 1-Year Stock Performance up to 31st December 2022 -20% Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Praj Industries Sensex Shareholding Pattern (As on 31st December 2022) PRICE DATA (As on 31st December 2022) Face Value (INR) Mutual Funds 5.93% Market Price 356.4 FPI 17.61% 52 Week H/L (INR) 461.5/289.1 Promoter 32.87% Market Cap. (INR Mn) 65,379.5 Equity Shares Outstanding (Mn) 183.5 Others 43.44% 1 Year Avg. trading volume ('000) 1,193.4 Praj Industries Limited Dividend Pay out ratio (%) Alternative Investment 70% Fund 0.15% 57% 49% 51% FY19 FY20 FY21 FY22 praj [28]#29Disclaimer Praj Industries Limited praj No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Praj Industries Limited ("Company"), which are expressed in good faith and in their opinion reasonable, including those relating to the Company's general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company' business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments. This presentation is for general information purposes only, without regard to any specific objectives, or invitation to purchase or subscribe for any securities in any jurisdiction, including the United Stat cial situations or informational needs of any particular person. This presentation does not constitute an offer No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from. This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner. visors Disclaimer: Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, Valorem Advisors and 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. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review. XX VALOREM ADVISORS For further details please contact our Investor Relations Representatives: VALOREM ADVISORS Mr. Anuj Sonpal Tel: +91-22-49039500 Email:[email protected] Praj Industries Limited ({29}