Building Future Ready PI

Exports ramp-up driving earnings growth in FY22 Pi Inspired by Science 20% growth in Exports FY21 over FY20 growth ~35% resulting in a high base 4% growth in Domestic revenues ☐ Fig in Rs Million FY21 FY22 % YOY Overall 16% Y-o-Y revenue growth Revenue 45,770 Gross Margin 44% Operating Expenses 9,936 52,995 45% 12,343 16% +103 bps 24% EBITDA 10,166 11,460 13% EBITDA as % of 22% 22% (59) bps Revenue Net Profit 7,383 8,438 14% 33,217 20% 4% 39,902 12,553 13,093 11,460 10,166 13% 8,438 7,383 Exports Domestic EBITDA PAT FY21 FY22 14% • • . . . 。 FY21 over FY20 growth ~39% resulting in a high base o Domestic revenue was impacted by unfavourable agro-climatic conditions in the Kharif season o Good Rabi season helped recovery in Q3 and Q4FY22 Revenue growth of 16% driven by price increase of ~3% and balance from volume growth Rising Input costs, lower export incentives, etc. offset by favourable product mix and price hike led to higher gross margin. Operating Expenses increase of 24% is mainly attributable to sharp increase in fuel prices leading to increase in utilities cost, one-time expenses pertaining to strategic initiatives, Covid19 related expenses, etc. Cash generated from operations before tax during FY22 of ~Rs 7,038 million Net profit improved by 14% YoY on a very high base of ~62% YoY growth in FY21 5

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