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Investor Presentaiton

Risks and Concerns World economy continues to face uncertainties due to geopolitical tensions, forecasts of recession / slow down in growth in certain major economies of the world, impact of climate change and macro economic structural challenges. The overall scenario has triggered a spate of downsizing exercises across several organisations setting off a nervousness which could impact demand, both domestic and export. If the prediction of a lower than average monsoon in India materialises, it could adversely impact off-take from rural markets. While raw material prices are currently favourably positioned, any reversal in this trend could once again put pressure on profits. Uncertainty remains with regard to the price of crude oil which impacts the cost of several raw materials used by tyre industry. Availability of natural rubber towards the end of March 2023 was a concern and if this trend continues, prices would increase in the near future. Human Resources MRF is a value driven organization and the company has a rich organizational culture rooted in its core values of respect for people and belief in empowerment. The core value underlying our corporate philosophy is "trusteeship" and "proprietary interest". In dealing with each other, the values which are at the core of our HR Philosophy - trust, teamwork, mutuality and collaboration, objectivity, self-respect and human dignity are upheld. The management is committed to the development and growth of its people and the core focus is on human resources for its continued success. We owe our success and dominance in the market to the dedication and hard work of our employees who have overcome all challenges to meet the daunting challenges of the market and the ever increasing quality expectations, customer taste and preferences of the customers across the length and breadth of the country as well as in overseas market. The COVID-19 pandemic has arguably been the largest global shock to human capital, we together combated and efforts have been taken for building agile, resilient and adaptive Human Capital System. We have focused on hiring the best resources available in tune with our growth needs, retaining and developing our existing talent pool to strengthen our human capital for meeting the future challenges. We leverage human capital for competitiveness by nurturing knowledge, entrepreneurship and creativity. Our human resource development is focussed on our company's mission to have competitive edge in technology and excellence in manufacturing. All our training programs are designed and tailor made to meet our specific requirements. We continued imparting teambuilding and collaboration training to our workmen to enhance the team cohesiveness. Leadership training for union leaders and opinion makers also continued through the year, keeping with our commitment of shaping the future of our plants. The total employee strength as on 31st March 2023 was 19,050. We maintained cordial and harmonious Industrial relations in all our manufacturing units through our various employee engagement initiatives and focus on improving the work culture, enhancing productivity and enriching the quality of life of the workforce and maintaining our supremacy in the market. Cautionary Statement Statements in the Management Discussion and Analysis describing the Company's objectives, expectations or forecast may be forward looking within the meaning of applicable laws and regulations. Actual results may differ materially from those expressed in the statement. Important factors that could influence the Company's operations include global and domestic supply and demand conditions affecting selling prices of finished goods, input availability and prices, changes in government regulations, tax laws, economic developments within the country and other factors such as litigation and industrial relations. Chennai 3rd May, 2023 On behalf of the Board of Directors KM MAMMEN Chairman & Managing Director DIN: 00020202 36
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