Investor Presentation

LIMITED August 13, 2026 National Stock Exchange of India Ltd. BSE Limited Exchange Plaza Bldg. Department of Corporate Services, 5th Floor, Plot No.C-1 1st floor, New Trading Ring 'G' Block, Near Wockhardt, Rotunda Building, Bandra Kurla Complex Phiroze Jeejeebhoy Towers, Mumbai 400 051 Dalal Street, Mumbai -400 001 Symbol: DCW Scrip Code: 500117 Dear Sir( s) / Madam, Sub: Investors' Presentation Pursuant to Regulation 30 and Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the presentation of DCW Limited ("the Company") for the quarter ended June 30, 2026, to be made to investors and analysts. The same is also being uploaded on the Company's website at https://www.dcwltd.com in compliance with Regulation 46(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. You are requested to take the aforesaid information on your record. Thanking You, Yours faithfully, For DCW Limited Dilip Darji Sr. General Man Company Secretary Membership No. Encl:A/a DCW LIMITED HEAD OFFICE : "NIRMAL" 3RD FLOOR, NARIMAN POINT, MUMBAl-400 021 TEL.: 4957 3000, 4957 3001 REGISTERED OFFICE: DHRANGADHRA- 363 310, SURENDRA NAGAR DISTRICT, GUJARAT Email: ho@dcwltd.com, Website: www.dcwltd.com, CIN-L24110GJ1939PLC000748 DCW Limited Earning Presentation Q1-FY27 Snapshot BUSINESS 8+ 2 Pioneer Leading Largest and Unique Decades of State-of-the-Art In India Soda Ash, C-PVC, Manufacturer of Commercial scale Experience Integrated Synthetic Rutile & C-PVC and SIOP manufacturer of SIOP in Manufacturing Units SIOP in India the Asia OPERATIONS 15+ 1,800 Zero 58 MW ~2,900 Chemicals spread across Employees Effluent and waste Captive Acres of land Basic & Specialty Process Power Capacity available FINANCIALS 8% 66% 28% 0.07 8.56% 5-year Revenue 5-year PAT Specialty Chemicals Net Debt to Equity Ratio FY26 ROCE CAGR CAGR Revenue contribution 0.32 from 0.5% in FY16 Net Debt to EBITDA Ratio * As on FY26 end Business Overview Financial Highlights Historical Financial Overview Company Overview Operating Revenue (INR Mn) and EBITDA Margins (%) • Incorporated in 1939, DCW Ltd. was established as Dhrangadhra Chemical Works at Dhrangadhra, Gujarat as India’s first Soda Ash plant. 18,716 20,003 21,436 • Since then, DCW has pioneered and created a strong presence in the Chlor-Alkali, Synthetic Rutile and PVC business segments, with a successful record of innovation in new products and processes. 5,419 • Over the years the company has expanded, diversified and modernized its operations with a 9.38% 9.67% 10.34% 6.61% diversified range of products for supply to customers in both, domestic and international markets FY24 FY25 FY26 Q1-FY27 with a conscious strategic shift towards specialty chemicals. • DCW has an extensive distribution network spanning over 14 countries across USA, Europe, Japan, Geographical Revenue Break-up (As on FY26) Malaysia and Netherlands catering to over 100+ customers. • Today it has two state of the art manufacturing facilities located in Dhrangadhra, Gujarat and Sahupuram, Tamil Nadu. 72% Product Basket DOMESTIC EXPORT • Specialty Chemicals: Synthetic Iron Oxide Pigments (SIOP) and Chlorinated Poly Vinyl Chloride (C-PVC) FY26 Segmental Revenue FY26 Segmental EBITDA • Basic Chemicals: Soda Ash, Caustic Soda, Poly Vinyl Chloride (PVC) • Intermediate Chemicals: Synthetic Rutile (SR), Liquid Chlorine, Hydrochloric Acid, Trichloroethylene, Specialty Utox, Ferric Chloride, and Sodium Hypochlorite, Sodium Bicarbonate and Ammonium Bicarbonate. Others Chemicals, Basic , 1% 28% Chemicals, Basic Chemicals, Specialty 71% Chemical, 80% Others, 4% 4 Key Milestones Growth in Basic Chemicals Expansion towards Specialty Chemicals Commissioned 20KT of CPVC capacity addition Setup one of the Entered into a Technical Commenced and energised Solar park Commissioning of first integrated License and Support production of under group captive for the Chlor-alkali plants in India to Agreement with 1st and only substitution of 25% power Plant at Sahupuram manufacture PVC Rockwood Italia (Italy), C-PVC plant in requirement in in Tamil Nadu and Synthetic and Arkema, France, India Sahupuram. 1925 1968 Rutile 1986 Europe 2016 2022 2026 1959 1970 2010 2017 2025 Incorporated Founded India’s Changed Company’s Commissioned one Doubling of CPVC Commissioned India’s 1st Soda 1st name to DCW of Asia’s largest Capacity to 20KT & 10,000 metric Ash factory at Trichloroethylene Limited scale of Synthetic Debottlenecking tonnes Chlorinated Dhrangadhra, plant Iron Oxide Pigment SIOP Plant to full Polyvinyl Chloride Gujarat plant capacity of 28KT expansion, taking from 18KT total capacity to 50,000 metric tonnes. Moving up the value chain by pioneering various specialty chemical products and processes in India Marquee Customers Basic Chemicals SSppeecciiaallttyy CChheemmiiccaallss Value Proposition Significant Scale-up Opportunities Technology Tie-ups Diversified Application Base Niche & Diversified Product Mix Over 2,500- acre land bank available at Licensed technology from Arkema Catering to over 15 industries with Diversified product mix of Sahupuram facility provides easy scale- & technical assistance from high end-user growing markets Basic, Specialty and Others Rockwood Pigments for SIOP up opportunity without incurring additional capex for land. 1 3 5 7 9 2 4 6 8 Strategic Location Moving up the Value Chain Self Sufficiency Well Established Relationships Planned Capital Expenditure Sahupuram Facility situated in Increasing the contribution from 58 MW Co-Generation power plant With over 8 decades of existence Next growth phase led by the vicinity of the port providing high value, high margin Specialty ensures cost-effective, uninterrupted DCW has built strong client and Specialty Chemicals to boost Chemicals Segments. power supply. And major raw materials supplier relationships across revenue & margins with logistical advantage for the like Salt, Liquid Chlorine, Hydrogen, domestic and international markets planned Capex to double C- export markets and tactical raw Hydrochloric Acid, etc. are captively PVC capacity and increase material procurement produced to make value added products. SIOP throughput Capital Expenditure • Total expansion in SIOP is planned for 15,000 MT (50% capacity enhancement) in phased manner with Phase I Capacity ramp up of 7,000 MT and Phase II growth of 8,000 MT to be undertraken post completion of phase I. Value added products in the pigment category will enter the market during FY28 alongside the construction and commissioning of Phase I growth. • Further the Company is also investing in Power Plant for efficiency improvement resulting in reduction power cost at its sahupuram facility. • The total capex investment for the entire projects including both phase of SIOP is estimated to be INR 250 Cr spent over next 2-3 years. Project Planned Date of Capitalisation Change in Capacity Remarks Aimed in strengthening pigment SIOP - Phase I Q4-FY28 7,000 MT portfolio across domestic and international market Improved power generation efficiency and resultant power Power Plant Efficiency Capex Q4-FY28 NA cost reduction at Sahupuram facilities. Business Overview Financial Highlights Historical Financial Overview Key Financial and Operational Highlights Q1-FY27 Operational Highlights: • Revenue from Operations registered 14% year-on-year growth, driven by 38% growth in the Specialty Chemicals segment and 5% growth in Basic Chemicals. • Sequentially, revenue declined by 11% due to higher captive PVC consumption for CPVC, lower PVC production, and inventory liquidation in the Synthetic Rutile business during Q4 FY26. Q1-FY27 Financial Performance • Specialty Chemicals EBITDA grew 19.2% YoY, supported by higher CPVC volumes following the successful commissioning of the recent capacity expansion. Revenue from • CPVC operations witnessed a strong ramp-up during the quarter, with comm [Showing first 8,000 characters — download PDF for full document]