Investor Presentaiton

Management commentary on Q1 FY22 results From the desk of Mr. Amit Dahanukar, Chairman & Managing Director ESTD. 1933 T G] While the last couple of years were invested in restructuring our debt, the next couple of years will be invested towards building the business to a scale which enables us to generate cash-flows which will help us in reinvesting for growth as well as comfortably servicing and reducing our debt A favourable product-geography mix has enabled us to increase our gross margins from 44.4% in Q4 FY21 to 56% in Q1 FY22; also leading to higher NSRs EBITDA saw a 128% increase in Q1 FY22 compared to Q4 FY21 on the back of higher NSRs and operating leverage EBITDA margins stood at 17% for Q1 FY22 compared to 10% for FY21 We achieved a positive PAT for the first time in many years and expect the upward trend in profitability to continue Finance costs were down 20% in Q1 FY22 compared to Q4 FY21 due to reduction in debt levels We have been servicing the Edelweiss ARC debt on-time and have also reached one-time settlements with all of our other lenders While business was impacted starting 2nd week of April, we have been seeing significant improvement in volumes from mid-June onwards 00000 Tilaknagar Industries | Investor Presentation 23 23

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