Onward Technologies Limited

33%

n US, EU, UK, India in FY 22, in response to customer demand cash reserves • 3-year PAT CAGR at 33% • 6-year track-record of consistent dividend payout 2,715 2,404 8.58% 7.20% 3,073 6.96% FY

8.58%

rves • 3-year PAT CAGR at 33% • 6-year track-record of consistent dividend payout 2,715 2,404 8.58% 7.20% 3,073 6.96% FY20 FY21 FY22 FY22 Segmental Revenue Digital 8% ITS, 21% ER&D, 71%

7.20%

3-year PAT CAGR at 33% • 6-year track-record of consistent dividend payout 2,715 2,404 8.58% 7.20% 3,073 6.96% FY20 FY21 FY22 FY22 Segmental Revenue Digital 8% ITS, 21% ER&D, 71% FY22 Se

6.96%

GR at 33% • 6-year track-record of consistent dividend payout 2,715 2,404 8.58% 7.20% 3,073 6.96% FY20 FY21 FY22 FY22 Segmental Revenue Digital 8% ITS, 21% ER&D, 71% FY22 Segmental Revenu

8%

payout 2,715 2,404 8.58% 7.20% 3,073 6.96% FY20 FY21 FY22 FY22 Segmental Revenue Digital 8% ITS, 21% ER&D, 71% FY22 Segmental Revenue Healthcare 7% Industrial Equipment & Heavy Machi

21%

715 2,404 8.58% 7.20% 3,073 6.96% FY20 FY21 FY22 FY22 Segmental Revenue Digital 8% ITS, 21% ER&D, 71% FY22 Segmental Revenue Healthcare 7% Industrial Equipment & Heavy Machinery 44% O

71%

8.58% 7.20% 3,073 6.96% FY20 FY21 FY22 FY22 Segmental Revenue Digital 8% ITS, 21% ER&D, 71% FY22 Segmental Revenue Healthcare 7% Industrial Equipment & Heavy Machinery 44% Others 19% T

7%

FY22 FY22 Segmental Revenue Digital 8% ITS, 21% ER&D, 71% FY22 Segmental Revenue Healthcare 7% Industrial Equipment & Heavy Machinery 44% Others 19% Transportaion & Mobility 30% 3 Our Ca

44%

, 21% ER&D, 71% FY22 Segmental Revenue Healthcare 7% Industrial Equipment & Heavy Machinery 44% Others 19% Transportaion & Mobility 30% 3 Our Capabilities Digital Digital with AR/VR E

rs 19

R&D, 71% FY22 Segmental Revenue Healthcare 7% Industrial Equipment & Heavy Machinery 44% Others 19% Transportaion & Mobility 30% 3 Our Capabilities Digital Digital with AR/VR Engineering

30%

Healthcare 7% Industrial Equipment & Heavy Machinery 44% Others 19% Transportaion & Mobility 30% 3 Our Capabilities Digital Digital with AR/VR Engineering Automation Big Data Analytic

47%

ng Investing to enhance Capabilities 10 Growth Strategy Enablers FY 2022 Top 10 Customers (47%) Top 11-50 Customers (41%) Remaining Customers (12%) to Pivot services digital engineering

“USD 120 Bn 2021 Global ER&D Spend Expected future CAGR of 7% The spend on ER&D from top 1,000 corporates increased significantly in 2021 which was a positive shift from 2020 when investments in ER&D were impacted adversely due to the onset of COVID-19 pandemic.”

“Even as enterprises continue to balance the twin priorities of employee safety and wellness and enterprise digital transformation, they plan to spend big on digital – 60% companies plan 6% higher technology spend in FY2022.”

“Indian software industry body Nasscom forecasts 15-20% CAGR growth in digital transformation spend globally.”

Business Issue

2

Valorem Advisors Disclaimer

1

Business Issue

Effort intensive and manual review of 2D & 3D drawings Challenge/s: Errors due to absence of intuitive & automated tools Services & Benefits: Designed and developed container-based architecture on the cloud ML model that could learn test cell output and feedback to NPI programs Image processing and Image-based search Productivity doubled to 55% with 92% accuracy Product Re-design Value Engineering Business Issue A major healthcare facility was looking to revamp and re-design their hospital beds Challenge/s Old Hospital beds were uncomfortable and posing risks to patients Services & Benefits Design specialists reverse engineered the entire hospital bed basis only photographs and w/o any CAD models/drawings Embedded new electronic parts to automate the bed for enhanced patient safety and comfort Compatible 3D printing designs developed for cost-effective production.

Business Issue

Steadily increasing costs to build a locomotive engine Challenge/s Too many parts and suppliers across the globe Services & Benefits Consulting led by domain experts in the manufacturing and design process Cost engineered the client’s entire diesel locomotive engine Also supported the client in finding low- cost vendors >$4 mn in overall cost savings 12 Life at Onward Opening day: Chennai Centre of Excellence: 4th March 2022 A 40,000 sq.ft., 500-seater Centre of Excellence with capabilities in Digital, Embedded, Mechanical engineering services. E-TAP 2.0 Pune: All-women batch inducted on Int’l Women’s Day Diversity & Inclusion is one of our most important growth themes, and aligns perfectly with our clients’ priorities Our Pune COE recently inducted a batch of 50 women engineers in an embedded talent acceleration program. Opening day: Hyderabad Centre of Excellence : 17th Jan 2022 International Women’s Day celebration at Pune COE 13 INDUSTRY OVERVIEW 14 Engineering R&D Service Industry

Valorem Advisors Disclaimer

Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness, and reasonableness of the contents of this Presentation. This Presentation may not be all-inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review. For further details, please feel free to contact our Investor Relations Representatives: Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903 9500 Email: