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Investor Presentaiton

Global Pigments Market Overview Global Colour Pigment Market* - Relevant to Sudarshan Inorganic 3.0 Effect 0.6 ($bn) Organic 5.0 * Excludes Black, White and Metallic Pigments. Based on internal Pigment industry study and various market research reports 29 。 Our estimate of the Global Colour Pigments Market is ~$ 10B, market opportunities open to Sudarshan are ~$ 8.6B. • Global Organic Pigment market is expected to grow at ~3% CAGR over the next 5 years. • India is set for strong, sustainable growth in pigment manufacturing with substantial export opportunities. • Sudarshan is well placed to expand market share for all its applications. • We expect this strong growth to come from our coatings, inks, plastics and cosmetics segments. SUDARSHAN
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