Seed Industry Strategic Overview

6,064 8,188 7,282 7,042 10,010 Revenues (mn) EBIDTA (mn) Net Profit (mn) EPS (Rs.) 1,444 2,299 3,222 2,025 1,130 K 5 Year Financial Highlights: Standalone Significant Growth Trajectory and Superior Return Profile 1,299 2,106 3,018 1,723 785 785 19.0 30.6 43.8 FY16 25.0 FY17 11.4 FY16 & FY17 turned out to be a difficult years for the seed industry, and the farmers " ■ Cotton Headwinds - Significant drop in volumes and acreage coupled with no price hikes and one of the shortest sales seasons Higher sales returns in non-cotton crops ROE (%) FY13 37.5% FY14 40.6% FY15 39.8% FY16 18.4% FY17 7.7% 24 ROCE (%) FY13 38.1% FY14 41.1% FY15 40.5% FY16 18.8% FY17 8.2%

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