#1INVESTOR PRESENTATION Q2 & H1 FY2022 CONTROL PRINT⚫ Refer to disclaimer Dairy & Food is GAYATHRI DAIRY PVT LTD rketed by 27 Alemur Road, R$ 60/- USE BY 25 JAN 19 BNO-T RY 25 hadutx Products 515001. A.P www.grathrimilk.com NGREDIENTS గరుగు Industrials SEP 12 MRP RS325 0894 Healthcare Manjishtha (Rubia (Butea monosperma-Fl.), malabaricum-Exd.) each 50; ase Q.S.; preservative: Sodium YU-1009 SFF1801 94/2018 03/2020 S) Building Kisan किसान Products FMCG EN. 6504006017 06.03.17 16:07 MRFRs. 45#2Disclaimer CONTROL PRINT This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any securities of Control Print Limited ("CPL", "Company"), nor shall part, or all, of this document form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities of the Company. This document is strictly confidential and may not be copied, published, distributed or transmitted to any person, in whole or in part, by any medium or in any form for any purpose. The information in this document is being provided by the Company and is subject to change without notice. The Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. This document contains statements about future events and expectations that are forward-looking statements. These statements typically contain words such as "expects" and "anticipates" and words of similar import. Any statement in this document that is not a statement of historical fact is a forward looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. None of the future projections, expectations, estimates or prospects in this document should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the document. The Company assumes no obligations to update the forward- looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements. You acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company. ● Q2 & H1 FY22 - Investor presentation 2#3Contents 1 Company Overview 4 ● Q2 & H1 FY22 - Investor presentation 2 Key notes Annual Performance Highlights 5 Way Forward CONTROL PRINT 3 Quarterly Performance Highlights 3#4Company Overview Control Print has over 30 years of operational experience in the Indian coding and marking industry. With over 360 field staff and two state of the art factories, we are India's strongest and most reliable partner to you our customers. 2 29+ YEARS EXPERIENCE FACTORIES Our representatives tailor their purchase advice based on your needs as a customer. We are committed to ensuring that with Control Print you the customer will have one less thing to worry about. ● Q2 & H1 FY22 - Investor presentation CONTROL PRINT STRENGTH OUR ST 360+ FIELD STAFF * 5 11 COUNTRIES BRANCHES 4#5Products Continuous InkJet Printer alphaJET P ASDFGHJK 12 Thermal Inkjet Printer High Hot Roll Resolution Printer Coder ● Q2 & H1 FY22 - Investor presentation Thermal Transfer Overprinter の CONTROL HRC+ PRINT Jolla KIP-1030 SPA Large Character Printer CONTROL PRINT CONTROL PRINT Laser Printer Consumables 5#6Industries We Serve 0.02 JUN 2017 MRP RS 55 B.No. AD4586321 MFG DATE 02/10 BLK 27 98 982504 BT 215006255 BT 215 BT 215 OT 2 CEB-214455 02 FEB 16 222 82 FEB 16 222 CB0-214455 02 FEB 1 38 SEP 12 MRP RS323 J52541256 BEST BY 05/16 M85 100 Agrochemicals and Seeds Automotive Beverages Building and Construction Materials Cable and Wire Cement Chemicals and Lubricants Electronics FMCG ● Q2 & H1 FY22 - Investor presentation END ZYN WATE ° CUL 0 0 0 CONTROL PRINT Food Healthcare Packaging and Packaging Materials Plywood Pipes and Extruded Plastics Rubber and Tyres Steel and Metal Textiles 6#7Key clients: India CONTROL PRINT ashirvad Cipla Caring for life ap ajanta pharma limited Cadbury Colgate GLENMARK Godrej Consumer Products Ltd. JKTYRE & INDUSTRIES LTD. * Єmami WONDER CEMENT EK PERFECT SHURUAAT HINDALCO Hindustan Unilever Limited ADITYA BIRLA ARISTO HINDALCO Finolex Cables Limited TATA TATA STEEL ADITYA BIRLA GROUP PARLE R TO ITC Limited UB UNITED SPIRITS M marico FL Jyothy इंडियन ऑयल IndianOil LABORATORIES LIMITED Gree Greenply PLYWOOD A TE ITC Limited NIVTO Jain Irrigation Systems Ltd. BRITANNIA Eat Healthy, Think Better Ⓡ Dinshaw's JINDAL KisaN ANCHOR Q2 & H1 FY22 - Investor presentation ANCHOR#8Infrastructure CONTR PRINT STORES PARKING CONTROL PRINT NALAGARH FACTORY 30,000 Sq.ft manufacturing facility Manufacturing of: Continuous Inkjet Printer (CIJ) Large Character Printer (LCP) Thermal Transfer Over Printer (TTO) Hot Quick Coder (HQC) Hot Roller Coder (HRC) Comprehensive training and repair facilities GUWAHATI FACTORY 70,000 sq.ft of manufacturing & warehousing facility Ink & Solvent manufacturing facility Manufacturing of: Thermal Inkjet Printer (TIJ) Hi-Resolution Printer (Hi-Res) Large Expansion potential with significant tax benefits Comprehensive laboratory & testing facilities ● Q2 & H1 FY22 - Investor presentation#9● Q2 & H1 FY22 - Investor presentation KEY NOTES CONTROL PRINT 9#10Key Notes CONTROL PRINT Crisil re-affirms credit rating at 'A' Installed base of printer crosses 13,000 mark Only integrated "Make in India" manufacturer Company maintains Top 1000 position as per market cap on NSE ● Q2 & H1 FY22 - Investor presentation 10#11Our Investor Value Proposition Your Gateway to participate in the fastest growing and highly niche coding and marking segment with application across almost all manufacturing industries The only "Make in India" company in the Top four players in India commanding nearly 18.50% market share of the Rs. 1300-1500 cr Indian market CONTROL PRINT Underpenetrated segment, hence headroom to support growth at an accelerated pace and on a sustained basis The only integrated player with full coverage of coding and marking value chain i.e. Equipment (printer), Consumables, Servicing – with absolute in house capabilities - Fastest growing company in the Indian coding and marking segment (amongst organised players) A Zero-Debt company with positive operating cash flow and free cash flow Consistent Dividend Payout from last 9 years with FY2020-21 payout of 85% of FV ● Q2 & H1 FY22 - Investor presentation Widest network servicing ~2500 pincodes, +1600 cities with 360+ field staff#12QUARTER PERFORMANCE HIGHLIGHTS ● Q2 & H1 FY22 - Investor presentation CONTROL PRINT 12#13Key highlights for the quarter G CONTROL PRINT Revenue Growth Highest ever Revenue for any quarter & looking to sustain a run rate of Rs.600+ mn per quarter All business verticals continued to contribute to revenue growth. New product launches continue to witness good traction Profitability Analysis EBITDA / PBT/PAT/EPS (excl exceptional) grew 22.3% / 32.4% / 36.3% / 36.3% Year-on-Year. EBITDA Margin crossed 25% led by favourable product mix. Positives Working Capital witnessed improvement by 30 days for H1FY22 led by better inventory management and receivable recovery. Installed base augurs well for growth in consumable sales. Sectoral view Company received a large repeat order in the Dairy Segment. Control Print witnessed PAN India success in the Sugar Sector with key clients for upcoming season. ● Q2 & H1 FY22 - Investor presentation 13#14Brief Financials for the quarter CONTROL PRINT Particulars (Rs mn) Q2FY22 Q1FY22 Q2FY21 YOY (%) H1FY2022 H1FY2021 YoY (%) Net sales 627.2 543.9 530.4 18.2% 1,171.2 879.7 33.1% Gross Profit 379.6 335.8 328.6 15.5% 715.4 564.6 26.7% Gross margin (%) 60.52 61.73 61.95 61.09 64.18 EBITDA 159.0 118.2 130.0 22.3% 277.2 214.9 29.0% EBITDA margin (%) 25.35 21.73 24.51 23.67 24.43 EBIT 121.6 86.9 92.6 31.4% 121.6 156.6 33.1% PBT (excl. exceptional) 118.7 85.6 89.7 32.4% 118.7 150.0 36.2% PAT (excl. exceptional) 99.8 57.2 73.2 36.3% 99.8 128.3 22.3% PAT margin (%) 15.90 10.51 13.79 13.40 14.59 Exceptional (loss)/gain 0 31.6 1.7 31.6 19.5 EPS(Rs) (excl. exceptional) 6.11 3.50 4.48 36.3% 9.61 7.86 22.3% Q2 & H1 FY22 - Investor presentation 14#15Rs. in Mn 160 80 0 Q1 FY20 Synopsis of Quarterly Performance (1/2) Highest ever Revenue for any Quarter 400 627 640 611 350 546 544 560 530 512 501 300 474 462 480 400 349 Rs. in Mn 250 200 64.0 63.5 320 240 150 Q2 FY20 Q3 FY20 Q4 FY20 Net Sales ● Q2 & H1 FY22 - Investor presentation Q1 FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 0 50 100 Q2 FY20 Q3 FY20 Q4 FY20 Gross Profit Q1 FY21 59.9 Q2 FY21 67.6 58.8 60.1 58.7 --Gross Margin (%) 15 61.7 60.0 60.5 50.0 55.0 CONTROL PRINT 65.0 (%) 70.0 75.0#1640 20 0 Q2 FY20 Rs. in Mn Q3 FY20 60 180 Synopsis of Quarterly Performance (2/2) 160 140 133 120 113 110 100 91 80 Q4 FY20 EBIDTA ● Q2 & H1 FY22 - Investor presentation Q1 FY21 Q2FY21 Q3FY21 Q4FY21 Highest ever EBITDA for any Quarter 35% 159 152 30% 28.1% 130 131 130 23.8% 24.3% 24.9% 25.4% 122 25% 24.0% 118 22.6% 24.5% 18.4% 96 20% 23.3% 21.7% 93 18.4% 21.4% 85 85 87 19.4% 19.4% 15% 18.2% 17.4% 17.6% 16.0% 65 64 14.1% EBIT Q1FY22 Q2FY22 0% 5% Q1 FY20 10% Q2 FY20 Q3 FY20 EBIT Margin Q4 FY20 Q1 FY21 Q2FY21 Q3FY21 EBIDTA MARGIN 16 CONTROL PRINT#17ANNUAL PERFORMANCE HIGHLIGHTS ● Q2 & H1 FY22 - Investor presentation CONTROL PRINT 17#18Annual Profit & Loss Statement CONTROL PRINT Particulars (Rs mn) FY17 FY18 FY19 FY20 FY21 Net sales 1,473.5 1,739.3 1,746.0 1,949.2 2036.9 Gross Profit 953.2 1186.3 1132.0 1218.5 1251.0 Gross margin (%) 64.70 68.21 64.84 62.51 61.42 EBITDA 382.6 501.6 399.8 461.0 498.2 EBITDA margin (%) 25.96 28.84 22.90 23.65 24.46 EBIT 351.9 437.5 333.9 382.1 383.0 PBT (excl. exceptional) 341.3 424.5 331.2 373.5 370.9 PAT (excl. exceptional) 261.2 355.6 255.5 309.3 311.8 PAT margin (%) 17.73 20.44 14.63 15.87 15.3 Exceptional (loss)/gain (0.4) (39.3) 45.0 (42.9) (17.9) Adjusted EPS(Rs) (excl. exceptional) 14.1 16.9 21.2 13.7 19.09 Reported EPS(Rs) (incl exceptional) 12.6 19.3 18.4 16.3 18.00 Dividend per Share (Rs.) 6.0 6.5 6.5 8.0 8.5 Dividend Payout (%) 48% 34% 36% 50% 47% Q2 & H1 FY22 - Investor presentation 18#19Synopsis of Annual Performance (1/2) 2,500 Revenue (Rs mn) 80.0 CONTROL PRINT 68.2 70.0 66.3 2,036.9 64.7 64.8 2,000 1,949.2 62.5 61.42 60.0 1,739.4 1,746.0 1,473.5 50.0 1,500 1,345.2 @ 40.0 Gross Margins maintained above 60% EBITDA Margin maintained above 24% 1,000 500 0 FY16 FY17 FY18 FY19 FY20 FY21 ● Q2 & H1 FY22 - Investor presentation 30.0 27.8 25.0 25.8 25.3 23.6 24.46 20.0 10.0 FY16 FY17 FY18 FY19 Gross Margin (%) -EBITDA (%) FY20 FY21 19#20Synopsis of Annual Performance (2/2) CONTROL PRINT 30.0 30.0 28.0 28.0 26.0 25.0 Mid to high teen PAT 26.0 24.5 margins maintained 24.0 24.0 23.3 Low tax rate led by Guwahati operations tax benefits 22.2 21.4 21.4 22.0 22.0 20.0 19.2 20.0 18.2 20.3 18.5 18.0 19.2 18.0 17.2 16.7 16.0 17.4 16.8 17.1 16.0 15.9 14.0 15.3 14.0 12.0 12.0 10.0 10.0 FY16 FY17 FY18 FY19 FY20 FY21 FY16 FY17 FY18 FY19 FY20 FY21 PAT (%) PBT (%) Q2 & H1 FY22 - Investor presentation -Tax rate (%) 20#21● Q2 & H1 FY22 - Investor presentation WAY FORWARD CONTROL PRINT 21#22Way Forward * CONTROL PRINT. Higher Consumables Sales with improved industrial Newly Launched products to deliver exponential Replacement Market, OEM and Key Accounts to be the drivers Focused marketing plans to capture last mile user Larger Market Share with increasing installed base of printers. Mask Division contributes in FY21-22 production growth ● Q2 & H1 FY22 - Investor presentation 22#23CONTROL PRINT CERTIFIED ISO 9001:2008 COMPANY CONTROL PRINT THANK YOU For further information please contact KAPTIFYⓇ Strategy & Investor Advisory | Consulting Email: [email protected] | +91-845 288 6099 Website: www.kaptify.in Rahul Khettry Chief Financial Officer Email: [email protected] Website: www.controlprint.com Q2 & H1 FY22 - Investor presentation 23