GANESHA ECOSPHERE LIMITED

GESL/2020-21

To, The BSE Limited, Corporate Relationship Department, I st Floor, New Trading Wing, Rotunda Building, PJ Towers, Dalal Street, Fort, Mumbai-400 001. Fax No.: 022-22723121 , 22722037 Scrip Code: 514167

August 8, 2020

To,

National Stock Exchange of India Limited Exchange Plaza, Bandra- Kurla Complex, Bandra (East), Mumbai-400051. Tel No.: 022-26598100-8114/ 66418100 Fax No.: 022-26598237/38 Scrip Symbol: GANECOS

Sub.: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/ Ma'am,

Pursuant to Regulation 30 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the presentation on the Unaudited Financial Results of the Company for the quarter ended 30111 June, 2020.

In compliance with Regulation 46 of the aforesaid Regulations, the presentation is also being hosted on the website of the Company at www.ganeshaecosphere.com.

Kindly take the above on record and oblige.

Thanking you,

Yours faithfully For Ganesha Ecosphere Ltd.

(Bharat Kumar Sajna i) Company Secretary-cum-Compliance Officer

Encl.: As above

Regd. Office & Works: Raipur, (Rania), Kalpi Road, Distt. Kanpur Dehat-209 304 • Cell : 9198708383 Admn. Office: 11 3/216-B, Swaroop Nagar, Kanpur-208 002, India• Tel.:+91-512-2555505-06•-Fax :+91-512-2555293 E-mail: gesl@ganeshaecosphere.com • W41bsite: www.ganeshaecosphere.com • CIN: L51109UP1987PLC009090

GaneshaEcosphere

Q1FY21 EARNINGS PRESENTATION

Disclaimer

Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or

phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "plan",

"contemplate", seek to", "future", "objective", "goal", "likely", "project", "should", "potential", "will pursue", and similar expressions of such

expressions may constitute "forward-looking statements“. These forward looking statements involve a number of risks, uncertainties and other

factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties

include, but are not limited to our ability to

successfully implement our strategy, our growth and expansion plans, obtain regulatory approvals, our provisioning policies, technological changes,

investment and business income, cash flow projections, our exposure to market risks as well as other risks. The Company does not undertake any

obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

02

IN SPITE OF CAPACITY UTILISATION AT 37% COMPANY WAS POSITIVE AT EBITDA LEVEL

COMMITTED TO GROWTH WITH

NEW UPCOMING CAPACITY AT WARANGAL, TELANGANA

MAINTAINED WORKING CAPITAL CYCLE. ENOUGH LIQUIDITY AND CASH AVAILABLE

POWER COST REDUCTION MEASURES THROUGH INSTALLATION OF 4MW ROOFTOOP SOLAR PANELS WHICH WILL YIELD SAVING OF Rs 3.5 CRORE ANNUALLY ON POWER COST

TAKING OVER A PET BOTTLE WASHING UNIT IN NEPAL AT Rs 10 CRORE WITH AN

ESTIMATED PAYBACK PERIOD OF 2.5 YEARS

03

Q1FY21 Highlights

Q1FY21 highlight

CORE TOPICS

04

1. Business background

The journey of a company, started in

1987, and emerging over the years as a

leading PET recycled RPSF

manufacturer in India.

Our range of products under Recycled

Polyester Staple Fiber and Recycled

Polyester Spun Yarn.

Key takeaways from the performance

for the quarter.

3. Products & Services

4. Q1FY21 Highlights 6. Quarterly performance

Key performance variables, earnings

table and operational metrics.

Well diversified operational mix of

products, capacities, customers,

suppliers and collection centers.

Key annual performance highlights

for your reference.

2. Well diversified

5. Financial Summary

Contents

TO BECOME A GLOBAL CORPORATE CITIZEN, COMMITTED TO RECYCLE EVERY PET BOTTLE WHICH IS THROWN INTO WASTE WITH WORLD CLASS RECYCLING FACILITIES AND

TO CREATE WEALTH FOR OUR STAKEHOLDERS THROUGH CONDUCTING BUSINESS AROUND

SOCIAL & ENVIRONMENTAL CONCERNS

“”OUR MISSION IS :

• To be a high-performance organization by making the best use of resources and empowering people.

• To be the preferred choice of our customers by providing world class customer services.

• To maintain high levels of quality in our products through innovative research and technology development in our processes, products and applications.

• To build relationships with stakeholders based on trust, transparency and ethical business conduct.

• To contribute to the cause of making our planet a better place to live in for the present and future generations.

CHAIRMAN’S MESSAGE

“We reinforced relationships through various marketing initiatives, enhancing our share of customer’s wallets”

05

OUR VISION & MISSION

Vision & Mission

BUSINESS BACKGROUND

“Without environment sustainability, economic stability & social cohesion cannot be achieved”

Who we are?

Entered into business in 1987

Over the years, emerged as a leading PET-

recycled RPSF manufacturer in India.

Pioneered the manufacture of Recycled

Polyester Staple Fibre (RPSF) and Recycled

Polyester Spun Yarn (RPSY) from pre and

post consumer pet bottle scrap.

Aim to collect maximum PET waste

through pan India network of scrap

dealers.

Cumulative capacity of 118800 TPA

What we do?

We recycle discarded PET bottles into user

friendly polyester staple fibre and

polyester spun yarn having versatile

applications.

Source raw material through a network of

scrap dealers & contractors who in turn

work through rag pickers for supply of PET.

PET waste is crushed & baled at collection

centers & sent to factories for further

processing.

Collection of approximately 350 TPD of

PET waste.

108800 TPA of RPSF

7200 TPA of RPSY

3000 TPA of Dyed & Texturised /

Twisted Filament Yarn

Approx. 350 TPD of raw material scrap

sourced from pan India network of

scrap dealers

1

2

3

4

06Business Background

WELL DIVERSIFIED OPERATIONS

300+ Customers

250+ Suppliers 3 ManufacturingLocations. 4th plant coming up at Telangana

500+ variantsof products

Variants

Customers

Suppliers

Manufacturing

500+ variant of products across

Recycled Polyester Staple Fiber and

Recycled Polyester Spun Yarn

Manufacturing capacity of 118800

TPA at Kanpur (UP), Bilaspar (UP) and

Rudrapur (Uttarakhand)

New upcoming capacities at

Warangal (Telangana) – to be fully

operational by Q4FY22

Company has 250+ supplier base

which sources the raw materials

through pan India network of scrap

dealers.

Company has a 300+ customer base

across key sectors which consume the

yarn and fiber such as manufacturers of

garments, carpets, upholstery, cords,

fabrics, sewing thread, etc

07Business Proposal

PRODUCTS & SERVICES

RECYCLED POLYESTER SPUN YARN

RECYCLED POLYESTER STAPLE FIBRE Yarn spinning

Non woven fabric/ carpets / felts

Non woven carpets / scrubbers

Non woven carpets / felts

Fibre filling

Product application:

Needle punch non woven

Fillings (pillows, etc)

Ball fibre

Padding

Insulation

Cushions / Pillows / Quilts

Spun yarn products

o Grey

o Solid dyed

o Melange

Filament yarn products

o Texturized

o Twisted & Doubled

o Solid / Injection

o Dyed Fancy Yarn

o More than 800 shades

Product application:

Fabrics, Sarees, Dress material,

Upholstery, Thermal Wear, Cords,

Furnishing fabrics, carpets,

sewing thread, Hosiery

08Products & Services

PRODUCTS & SERVICES

FIBER

Solid, Hollow, Conjugated, Trilobal, Short Cut

Stichbond, Blowing, Needle Punch, Thermal Bond, Chemical Bond,

Air-laid, Wet-laid, Spun Lace,

Yarn Spinning, Wadding, Padding, Acrostic Materials, Hygiene, Teabags, Fiberfill, Cushion, Paper, Pillows, Ballfiber, Wallpaper, Wipes, Carpet, Geotextiles, Interlining, Insulation, Mattress

PROCESSING

FEATURES

APPLICATIONS

01 02

03 04

Ganesha Ecosphere Ltd. has emerged as one ofthe leading PET- recycled RPSF manufacturersin India. We pioneered the manufacture ofRecycled Polyester Staple Fibre (RPSF) andRecycled Polyester Spun Yarn (RPSY) from pre& post consumer PET Bottle.

Dope Dyed, Batch Dyed, Slick (FR), Non Slicone, Siliconised, Micro Silicone

09

Q1FY21 HIGHLIGHTS

Plant availability Financial metrics Industry impact Way forward

Plant shut down from 24 Mar’20 to

5 May’20. Re-started in a phased

manner with approvals.

In May’20 allowed to operate only

with limited number of workers.

Operations resumed only by end of

June 2020.

One major production line of

Temra operational only by 10

July’20.

Capacity utilization was at 37% in

Q1FY21 versus 95% pre lockdown.

Total Income dropped by 63.9%

vs Q4FY20 and 70% vs Q1FY20.

However, in spite of drop in

turnover, EBITDA margin was

positive at 0.88% even at 37%

capacity utilisation.

However, owing to lower

turnover and existing finance

cost & depreciation, loss seen at

PBT level during the quarter to

the tune of Rs 7.99 cr

Q2FY21 offers positive hope of

revival to operations.

Major yarn consuming centers

were under lockdown throughout

the quarter

Key demand drivers like marriages,

festivals, events, schools, etc were

completely affected due to

lockdown.

Lack of manpower impacted faster

revival of textile spinning and

garmenting units.

Maintained working capital cycle.

Ample liquidity and cash available.

Capacity utilization improvement

being witnessed as seen in July’20.

Supply chain has also resumed.

Operations expected to be back on

track in Q2 partially and fully in Q3.

Installing roof top solar power

panel saving Rs 3.5 cr annually on

power cost.

Acquiring a PET bottle washing

unit in Nepal with payback period

of 2.5 years

Q1FY21 highlights10

Particulars (Rs lacs) Q1FY21 Q4FY20 Q1FY20 FY2020 FY2019

Gross Production (MT) 11,179 28,173 30,913 122,291 121,916

Net Income 7,335.9 20,309.3 24,490.9 89,633.0 102,667.1

EBITDA 64.2 1,940.5 3,400.7 11,930.1 13,355.7

EBITDA margin (%) 0.88% 9.55% 13.89% 13.31% 13.01%

Depreciation 656.7 703.5 693.1 2,805.4 2,579.6

EBIT -592.5 1,236.9 2,707.6 9,124.8 10,776.1

Finance cost 206.3 167.8 229.5 777.4 1,048.8

PBT -798.8 1,069.2 2,478.1 8,347.4 9,727.3

Tax (Current + Deferred) 195.5 (556.6) 869.1 1,959.3 3,531.8

PAT -603.2 1,625.8 1,609.0 6,388.2 6,195.5

Other comprehensive income 2.9 25.1 -4.42 11.8 -17.7

PAT as per Ind AS -600.3 1,650.8 1,604.6 6399.9 6,177.8

PAT margin (%) -8.18 8.13% 6.55% 7.14% 6.02%

Exports Sales 1,120.3 1,570.4 1,253.2 5,895.9 7,117.2

Q1FY21 FINANCIALS

11

Gross Production (in MT) Net Income (Rs lacs)

QUARTERLY PERFORMANCE (1/3)

12

28,702

30,945 31,606

30,663 30,913 31,461 31,744

28,173

11,179

Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21

24,050

26,319 26,65725,641

24,49123,737

21,09620,309

7,336

0

5000

10000

15000

20000

25000

30000

Q1

FY1

9

Q2

FY1

9

Q3

FY1

9

Q4

FY1

9

Q1

FY2

0

Q2

FY2

0

Q3

FY2

0

Q4

FY2

0

Q1

FY2

1

Profit before taxEBITDA

QUARTERLY PERFORMANCE (2/3)

13

10.79%11.27%

12.28%

17.63%

13.89%

13.77%

15.74%

9.55%

0.88%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

20%

-600

0

600

1200

1800

2400

3000

3600

4200

4800

Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21

EBITDA (Rs lacs) EBITDA (%)

6.81%7.68%

9.15%

14.15%

10.12% 10.26%11.21%

5.26%

-10.89%

-15%

-10%

-5%

0%

5%

10%

15%

20%

-600

0

600

1200

1800

2400

3000

3600

4200

Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21

PBT (Rs lacs) PBT (%)

Quarterly Tables

Profit after Tax Production & Exports

QUARTERLY PERFORMANCE (3/3)

14

4.39%

5.15%5.43%

9.05%

6.55% 6.63%

7.44% 8.13%

-8.18%

-10.00%

-8.00%

-6.00%

-4.00%

-2.00%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

-1000

-500

0

500

1000

1500

2000

2500

Q1

FY1

9

Q2

FY1

9

Q3

FY1

9

Q4

FY1

9

Q1

FY2

0

Q2

FY2

0

Q3

FY2

0

Q4

FY2

0

Q1

FY2

1

PAT as per Ind AS (Rs lacS) PAT (%)

6.4%

8.0%

5.8%

7.4%

5.1%

6.5%7.2%

7.7%

15.3%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

-

5,000

10,000

15,000

20,000

25,000

30,000

35,000

Q1

FY1

9

Q2

FY1

9

Q3

FY1

9

Q4

FY1

9

Q1

FY2

0

Q2

FY2

0

Q3

FY2

0

Q4

FY2

0

Q1

FY2

1

Gross Production (in MT): Exports (%)

CONSISTENTLY INCREASED CAPACITY

57,600

57,600 57,600 66,600

87,600 87,600 87,600

108,600 108,600 108,600 - - -

7,200

7,200 7,200 7,200

7,200 7,200 7,200

61

71

77

72

69

87 89

75

97 99

50

55

60

65

70

75

80

85

90

95

100

-

20,000

40,000

60,000

80,000

100,000

120,000

140,000

FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20

MT

Twisted Filament Yarn RPSF Recycled Spun Yarn RPSF Cap. Util (%) - RHS

Manufacturing units at Kanpur, Rudrapur, and Bilaspur, with a cumulative manufacturing capacity of 118,800MT of recycled polyester staple fibre (RPSF) and yarn.

This installed capacity is bifurcated into 108,600MT of RPSF, 7,200MT of recycled spun yarn, and 3,000MT of dyed and texturized/twisted filament yarn.

The new capacities, part of our South project, will be operational fully by 4QFY22.

15

-

2,000

4,000

6,000

8,000

10,000

12,000

FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20

INR

mn

-

200

400

600

800

1,000

1,200

1,400

FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20

INR

mn

Double digit Revenue CAGR

GESL’s superior revenue growth over the years was led by improving utilization levels across the plants

The EBITDA CAGR of 13% during FY11-20 was driven by improving the product mix and protecting the profitability despite volatility in raw material prices.

REVENUE & EBITDA CAGR

Double digit Ebitda CAGR

16

1.3

1.1

1.7 1.8

1.1

0.8

0.6 0.7

0.2 0.2

0.1 -

0.2

0.4

0.6

0.8

1.0

1.2

1.4

1.6

1.8

2.0

-

500

1,000

1,500

2,000

2,500

FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20

INR

mn

Net Debt Debt-Equity Ratio

Consistently reducing debt Return ratios stabilizing at mid-teen levels

-

5

10

15

20

25

30

35

40

FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20

(%)

ROE ROCE

GESL’s net debt has been coming down with the increased free cashflow being used to pare down the debts

Return ratios are normalising to mid-teens levels from earlier highs on account of tax benefits getting lapsed and delay in implementation of new capacities due

to some unavoidable reasons.

NET DEBT & RETURN RATIOS

17

Thank You

G O G R E E N G O G A N E S H A

For further details kindly contact:

gesl@ganeshaecosphere.com