Investor Presentaiton

The Exciting Future Biax Division Coex Division Exports Investor Presentation Q3-FY22 xproindia The only manufacturer of dielectric films in India meeting about 33% of domestic needs. The balance presently met through imports offers a natural market. Capacitors essential to electricity distribution and consumption; A growing market with added thrust on infrastructure; Huge new opportunities in sunrise applications particularly in the EV Segment, with multi-fold capacitor application in e- mobility, convenience and safety systems induding Power Control Unit inverter circuits, DC link power capacitors, start stop systems, high intensity discharge xenon lamps, passive key entry systems, pressure monitoring systems, driver information and entertainment systems; climatization, air-bag, braking systems etc. Further impetus from PLI schemes and import restrictions for the component ecosystem. Drive to reduce imports from China is a positive. Company has just announced intent to create additional capacity to meet these demands.... Over the years company has evolved into the dominant player, well respected and enjoys a high market share in supplies to the Indian Refrigerator industry. Indian refrigerator industry has generally been growing consistently, and has attracted (and continues to attract) many global players to set up manufacturing facilities in India aimed at the domestic and export markets; Large Indian companies also entering the field. India is emerging as a hub for refrigerator manufacturing due increasing localization levels. Policy of encouraging domestic manufacturing, changing customer preference and channel proliferation are positives. Refrigerator penetration in India is amongst the least amongst white good categories (<50%), with Euromonitor projecting 14% growth during CY20-25E. Xpro is also looking to leverage the relationship with white good manufacturers, to expand product portfolio. The Company is already exporting Dielectric and specialized Films to developed markets like the USA and Germany which are markets with rigorous technical requirements. Sheets for refrigerator application are exported to neighbouring countries. Dielectric/Capacitor film exports today are restricted by capacity and since India is a substantial importer. Globally, the manufacturing of thin dielectric films is highly oligopolistic. With the expansion of capacity, the company would be in a position to cater to the global markets. Looking to target global markets with value-added products. 10

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