PET Packaging Business Value Enhancement Sunil Marwah Packaging Business 1.3X 2X 1X

IVL’s Packaging Business DNA 2 Avoid Conflict with prime PET customers High PET growth prospects IVL’s Torchbearer in ‘Underserved PET markets’ in EMEA & ASEAN Contribute to IVL Profitability Target Value Structure Mkts Covered510 Volume KT Revenue $M Current Value Structure E Mkts Covered13 Volume KT Revenue $M Fragmented PET Converting Industry

Global Packaging Trends Lifestyle Changes Safe & Convenient Growing middle class Young Population Access to consumer credit Increased Household Consumption Rise of single serve packaging Convenience foods in Urban areas Affordable access to products in rural areas Changing Consumer tastes & preferences Organized retail and move to Super & Hyper markets leads to increase in demand for convenience packaging Product innovation & Light weighting Retailing formatProduct Safety Rising hygiene standards Anti counterfeiting 3

Global Beverage Consumption & Growth Source : Canadean / Rexam report Global Beverage Consumption by Packaging 4

Global PET bottle growth Retail PET growth % CAGR  Over 6%  4 – 5.9%  2 – 3.9%  0 – 1.9%  Not illustrated 63% of global PET growth to 2017 from emerging markets 5

IVL’s Packaging Business - Milestones 1998 to Pcs’Mn

REVENUE 29 % EBITDA 17 % % CAGR to VOLUME 26 %

Value Attractiveness 1.Indicative only 2.Average SEA: Source in-house data for X 8

Strengthening IVL’s PET Business – Incremental competitive edge Assisting Brand Owners transition into PET packaging in less developed markets Increase in Captive PET consumption Help to test & develop new resin Quality testing Technical support to PET customers One step closer to the customer Reality check that PET Packaging is a growth business First hand knowledge on downstream market trends in the industry Catalyst for PET Growth Enhancing IVL’s Relationship with Brand Owners Customer Service Support Centre Market Research Support 9

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