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Investor Presentaiton

B. 1. d) e) Increased rain water recovery to optimize the sourcing water requirement. Undertaking of sustainability and net zero carbon initiatives to achieve targets. TECHNOLOGY ABSORPTION, ADAPTATION AND INNOVATIONS Efforts made towards technology absorption, adaptation and innovation: a. Joint R&D with Indian and foreign universities and research institutes: b. C. Our company has a robust in-house R&D for technology and product excellence. However, towards continued excellence in the ever-evolving tyre technology, we work on R&D projects with Institutions of Eminence in India and abroad. The projects cover a broad range of comprehensive scientific understanding of the interfaces in tyres, materials and design parameters on noise-vibration-harshness (NVH), exploration of new-and sustainable (bio-derived) materials, and nano- and nanostructured materials with the overall stated aim of the company to continuously advance green and sustainable tyre technologies. The joint R&D programs result in PhDs, international publications and patents. New product and material development, elimination of hazardous materials, etc.: To improve sustainability of products, our company is working on the multipronged 4R strategy, that is reduce (reduction in CO2 emission by low RR tyres) - recycle (usage of recycled materials from end-of-life tyres as raw materials for new tyres) - reuse (by making multiple re-treadable tyres and doing the retreading process by itself) and renewable (critical raw materials with lower carbon footprint from environmentally sustainable sources such as biomass, waste, etc.). Towards import substitution, we have initiated joint development programs for raw materials such as sulphur, resource-formaldehyde resin, accelerators, antioxidants, butyl rubber, halo butyl rubber, microcrystalline wax, super tackifier resin, etc. with domestic suppliers. Key product developments: Our company has adopted sustainability as an integral part of our business policy. We have improved the share of 2. 3. 4. sustainable raw materials in all our tyres. To meet the emission norms under R117 and AIS 142 standards, we developed several low RR tyres which were approved by Indian and global passenger car OEMs. Similar activities are underway in tyres for commercial vehicles as well. Our company is in the process of adopting sustainability goals and targets in-line with the net-zero target of Govt. of India, Paris Climate Change Agreement and COP resolutions. Benefits derived as a result of the above efforts: The in-house and joint R&D programs resulted in knowledge and confidential information to maintain technological superiority in the market. Development of low rolling resistance tyres with an increased share of renewable materials resulted in more sustainable tyres. Efforts towards import substitution of raw materials such as resins, rubber, accelerators, antioxidants, wax, process aids, etc. resulted in cost-saving as well as a positive direction towards the Atmanirbhar Bharat initiative of the Govt. of India. Details of imported technology (imported during last 3 years reckoned from the beginning of the financial year). No technology was imported during the last 3 years and MRF is self reliant with regard to tyre technology for several decades. (Crores) 2022-2023 25.15 109.92 Expenditure incurred on Research and Development: R & D Expenses (a) Capital (b) Recurring C. FOREIGN EXCHANGE EARNINGS & OUTGO (Crores) 2022-2023 1763.33 5117.88 Foreign Exchange Earnings Foreign Exchange Outgo Chennai 03rd May, 2023 On behalf of the Board of Directors KM MAMMEN Chairman & Managing Director DIN: 00020202 20
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