Investor Presentation

October 22, 2026 The Compliance Manager The Manager, Listing Department BSE Limited National Stock Exchange of India Corporate Relationship Dept., Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Mumbai 400001. Bandra-Kurla Complex, Bandra (East), Mumbai 400 051. Scrip Code: 500655 Trading Symbol: GRWRHITECH Dear Sir/ Madam, Subject: Investor Presentation on the Unaudited Financial Results for the quarter and half year ended September 30, 2026. Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Investor Presentation on the Unaudited Financial Results for the quarter and half year ended September 30, 2026. This is for your information and records. For Garware Hi-Tech Films Limited Awaneesh Srivastava Company Secretary FCS 8513 Encl: as stated above GARWARE HI-TECH FILMS LIMITED CORPORATE OFFICE : GARWARE HOUSE, 50-A, SWAMI NITYANAND MARG VILE PARLE (EAST), MUMBAI – 400 057. TEL: 0091-22-6698 8000 (15 LINES) WEBSITE: www.garwarehitechfilms.com CIN: L10889MH1957PLC010889 REGD. OFFICE: NAIGAON, P.O. WALUJ, CHHATRAPATI SAMBHAJINAGAR – 431 133 (INDIA) Q2 & H1 FY27 Investor Presentation CONTENTS 01 Business Highlights 02 Company Overview 03 Product Overview 04 ESG Safe Harbour Our discussion may include predictions, estimates or other information that might be considered forward-looking. While these forward-looking statements represent our current judgment on what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially, some of which maybe beyond management control. No assurance is given about future events or the actual results, which may differ materially from those projected herein. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this presentation. Please keep in mind that we are not obligating ourselves to revise or publicly release the results of any revision to these forward-looking statements considering new information or future events. Throughout today’s discussion, we will attempt to present some important factors relating to our business that, which we presently believe, may affect our predictions. You should also review our most recent annual reports, disclosures, and regulatory filings for a more complete discussion of these factors and other risks. This presentation does not constitute an offer to sell or a solicitation of an offer to buy or sell GHFL stock and in no event shall the Company be held responsible or liable for any damages or lost opportunities resulting from use of this material or any guidance or any other statements given by the management. Numbers for previous periods may have been regrouped / rearranged / reworked for comparison purpose and for better analysis. Growth rates have been calculated based on reported INR financial information. Message from the CMD Dr. S B Garware Chairman and Managing Director “We have delivered an exceptional performance despite significant headwinds, and we remain focused on sustainable growth and creating long-term value.” Ms. Monika Garware Vice Chairperson and Joint Managing Director “We have delivered a strong performance in Q2 and H1 FY27, achieving record quarterly revenue alongside significant growth in profitability. Our H1 EBITDA margin of 28.7%, well above our guidance range of 23%-27%, reflects the strength of our business model, a favourable product mix, continued operational efficiencies and an enhanced focus on niche products. During the quarter, we continued to strengthen our customer engagement, expand our distribution network and advance strategic initiatives across automotive, architectural and specialty films. With the TPU line expected to become operational in Q3 FY27 and further capacity additions underway, we are building the capabilities to address emerging market opportunities and support our next phase of growth.” A GreenPro Certified company Q2 & H1 FY27 Consolidated Financial Performance (Rs. In Cr.) Revenue EBITDA PBT PAT Margins 23.4% 27.2% 21.1% 24.9% 16.0% 18.6% 696 173 7 570 2 120 91 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Revenue EBITDA PBT PAT Margins 24.1% 28.7% 21.7% 26.3% 16.4% 19.7% 1,329 1,065 231 174 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 H1FY26 H1FY27 A GreenPro Certified company Quarterly Consolidated Performance Trend – Q2 & H1 FY27 Revenue from Operations (₹ Cr) EBITDA Bridge (₹ Cr) – Q2 FY27 621 548 570 597 633 696 71.8 447 475 466 495 459 -4.2 -1.1 189.0 -16.5 133.3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY24 FY25 FY25 FY25 FY25 FY26 FY26 FY26 FY26 FY27 FY27 EBITDA (₹ Cr) & EBITDA Margin (%) 20.1% 27.4% 24.2% 20.1% 22.2% 24.8% 23.4% 18.9% 26.2% 30.3% 27.2% Q2 FY26 Other Income Operating Profit Employee Cost Sales & Marketing Other Expense Q2 FY27 Increase Decrease Total 192 189 150 157 130 121 123 133 90 94 87 EBITDA Bridge (₹ Cr) – H1 FY27 153.7 1.5 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 -8.5 380.7 FY24 FY25 FY25 FY25 FY25 FY26 FY26 FY26 FY26 FY27 FY27 -34.3 12.0 256.3 PAT (₹ Cr) & PAT Margin (%) 12.9% 18.6% 16.8% 13.0% 14.2% 16.8% 16.0% 12.2% 18.1% 21.0% 18.6% 133 129 104 108 88 78 83 91 58 61 56 H1 FY26 Other Income Operating Profit Employee Cost Sales & Marketing Other Expense H1 FY27 Increase Decrease Total Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY24 FY25 FY25 FY25 FY25 FY26 FY26 FY26 FY26 FY27 FY27 A GreenPro Certified company Strategic Technology Partnership GHFL × Lubrizol: Building India's Defining TPU Platform Lubrizol’s TPU technology + Garware’s manufacturing expertise ₹118 Cr TPU extrusion platform investment 75% Backward integration for premium New product development & technology capabilities 150-200bps Consolidated EBITDA margin improvement BACKWARD INTEGRATION FASTER INNOVATION NEW SPECIALTY FILM APPLICATIONS A GreenPro Certified company Entering a New Growth Vertical - PDLC Films for Smart Architecture Technology-led, high-value smart privacy solutions for modern buildings UPGRADE EXISTING GLASS.UNLOCK SMART PRIVACY. PDLC film enables instant switching between transparent and opaque states. Transparent Opaque RETROFIT-LED SOLUTION Add smart privacy to existing glass without replacing it. INTEGRATED OFFERING PDLC film → Cut-to-size processing → Controllers → On-site application EXISTING ECOSYSTEM ADVANTAGE 3 Leverages the existing film network and relationships with architects, PMCs and end-users. Target Segments Complements Glass Manufacturers Upgrade existing glass with smart functionality rather than replace it. Commercial IT / ITES BFSI Healthcare Hospitality Offices A GreenPro Certified company Raises FY27 EBITDA Margin Guidance to 27% ±2% FY27 revenue target of ₹2,500 Cr+ reaffirmed Medium-term FY25 FY26 H1FY27 FY27E Commitments Actual Actual Actual (Updated) FY28-31 Organic 25.8% 0.5%* 25% >20% 20% CAGR sales growth ₹2,109 Cr ₹2,120 Cr ₹1,329Cr ₹2,500+ Cr EBITDA 23.5% 23.6% 28.7% >27% 27% ± 2% margin ₹495 Cr EBITDA ₹500 Cr EBITDA ₹381 Cr EBITDA (+150–200 bps TPU) (Including Other Income) Garware Home Solutions Pilot Launch 6 Studios 14 Studios 50 Studios >200 Studios (100% D2C Arch.) Garware Application 200+ Studios 250+ India 250+ India >300 >400 Studios (GAS) India +11 US & MENA +14 US & MENA India +US & MENA India + US+ MENA (100% D2C PPF) 27% 23% 32%** >25% ROCE (%) >25% 59 cr capex 161 cr capex 27 cr capex ~170 cr capex *Tariff related impact ** Annualised ROCE Adjusted for Revaluation reserve of ₹ 764 Cr Over 3 Decades of Innovation, Excellence & Growth A GreenPro Certified company Winning Marketing Strength & Model Global Reach • 2 state-of-the-art manufacturing facilities • Leading global • Revenue CAGR 17%* having multiple production manufacturer of hi-tech, (FY21-FY26) lines value-added specialty films • PAT CAGR 22% • Technology-driven, backed • Fully integrated chips-to- (FY21-FY26) by strong R&D wit [Showing first 8,000 characters — download PDF for full document]