Q1 FY23 INVESTOR UPDATE

Specialty Oils & Lubricants - 3rd largest in Transformer-Oils globally .APAR Tomorrow's solutions today Transformer oil White oils Industrial & process oils Industrial & auto lubricants Petroleum jelly POWEROIL TO NE premium Strategic focus on higher-value products (49% in FY22 up from 33% in FY21) INR 229 crore invested in FY16-FY22 Strong leadership & competitive edge Leading domestic player in auto lubes. FY22 revenue of INR 3,564 crore, 16% FY17-FY22CAGR. 5.42 lakh KL capacity Preferred supplier to over 80% of its Specialty Oil customers in India Manufacturing since 1958, 400+ different types of Specialty Oils Pioneer in transformer oils in India - 60% market share in power transformer oil & 40% in distribution transformer oil in India Only Indian company to win new business to supply all major HVDC projects with transformer oils in FY18 & FY19 In Auto lubes since 2007 Lubricants (Auto lubes & industrial oils) contributed 8% to Company's FY22 revenues Al-Hamriyah, Sharjah plant (1 lakh KL capacity, Jan'17). Proximity to customers in Middle East & East Africa. New avenues for bulk exports ○ Expanded T-Oils capacity and range ((including 765KV & 800KV HVDC) Doubling Industrial & Automotive blending and automated packing capacity ○ Licensing agreement for auto lubes from ENI, Italy for ENI brand ○ New R&D facility at Rabale Q1 FY23 INVESTOR UPDATE 15

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