SANDHARNSE4 August 2022

Sandhar Technologies Limited has informed the Exchange about Investor Presentation

Sandhar Technologies Limited

Ref: STL /SE/2022-2023/Investor Presentation/32

Dated: 04th August, 2022

To, Department of Corporate Services, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Bandra, (E), Mumbai – 400 051

Listing Department, National Stock Exchange of India Limited

C-1, G-Block, Bandra-Kurla Complex

To,

BSE Code: 541163; NSE: SANDHAR

Sub: Intimation to Stock Exchange- Investor Presentation in connection with Un-Audited Standalone & Consolidated Financial Results for the quarter ended 30th June, 2022

Dear Sir/Madam,

Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copy of Investor Presentation in connection with Un-Audited Standalone & Consolidated Financial Results for the quarter ended 30th June, 2022, the same is uploaded on the website of the Company www.sandhargroup.com

Kindly take the same on record.

Thanking you,

Yours Faithfully,

Encl.: As above

Sandhar Technologies Limited

Corporate Office: 13, Sector-44, Gurugram-122 002, Haryana, India. Ph: + 91 12-4518900

Registered Office: B-6/20, L.S.C., Safdarjung Enclave, New Delhi-110 029, India, Ph: +91-11-40511800

E-mail: enquiries@sandhar.in, website: www.sandhargroup.com; CIN-L74999DL1987PLC029553

INVESTOR PRESENTATION Q1 FY-2022-23

SAFE HARBOR

This presentation and the accompanying slides (the “Presentation”), has been prepared by Sandhar Technologies Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but 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.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international the company’s ability to successfully markets, the performance of the auto ancillary industry in India and world-wide, competition, implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.

KEY HIGHLIGHTS

Strong performance in the Q1 FY 22-23 despite various challenges faced during the period. Total Income stood at ₹ 678 Crs.. registering an impressive growth of 65% over Q1 FY 21-22

FINANCIAL HIGHLIGHTS – Q1 FY 2022-23

Total Income

₹ 678 Crs.

EBITDA

₹ 58 Crs.

as compared to ₹ 412 Crs.. in Q1 FY22 (Y-o-Y 65%)

as compared to ₹ 33 Crs. in Q1 FY22 (Y-o-Y 76%)

PBT

₹ 19 Crs.

as compared to ₹ 2 Crs. in Q1 FY22 (Y-o-Y 961%)

Total Comprehensive Income

₹ 12 Crs.

as compared to ₹ 2 Crs. in Q1 FY22 (Y-o-Y 664%)

 Industry registered a growth of 38% where as Sandhar has achieved an impressive growth of 65% on YoY basis.

Sandhar Vs Industry

Sandhar Rev Gr %

Industry Sales vol. Gr %

Overall Growth

OHV

65%

82%

38%

37%

38%

21%

100%

66%

59%

CHALLENGES FACED

Rising inflation supported by continues increase in various input costs like Power, Fuel, Wages Etc.

Worldwide shortage of semi-conductor chips still continues.

Upcoming BSVI Phase 2 Regulations and transition to EV’s.

Increase in REPO Rates leading to overall increase in Cost of Debt.

Start of Production (SOP) of new projects extended by Customers.

GLOBAL & DOMESTIC PRESENCE

Strategically Located Plants across all major auto hubs

Overseas: 4 Plants

India: 38 Plants

R&D

R&D Centre: 01

CO Corporate Office

India: 38

Haryana

Tamil Nadu

Karnataka

Himachal

Rajasthan

Maharashtra

Gujarat

Uttarakhand

Overseas: 4

Spain

Poland

Mexico

Romania

TC & JVs

South Korea

Japan

Taiwan

KEY CUSTOMERS

2/3 Wheelers

4 Wheeler

CV & OHV

Sandhar’s EV Readiness and Product Profile

Company’s Overseas operations are already catering to 4W EV’s.

has Company already started supplying various products to major EV OE’s

Sandhar has largely geared up a play to dominant role in the EV transition.

Company has marked its presence in 2W and 3W EV Space by developing various products fitted in the EV’s.

EV Readiness

Detailed Product Profile and Customers follows in Next Slide

Sandhar’s Present Product Profile Compatible with EV’s

PROPRIETARY- AUTOMOTIVES- 35%

SHEET METAL & ALLIED- 19%

CASTING, MOULDING, TOOLING & Overseas- 33%

CABINS & FABRICATION-13%

Proprietary Business: Locking Systems I Rear View Mirrors I Door Handles I Latches & Hinges I Relays & Flashers I Painting of Plastic Parts

Sheet Metal & Allied Business: Sheet Metal & Tubular Parts I Handle Bar and Wheel Assemblies I Wheel Rims, Alloy Wheels and Spokes I Fenders & Mufflers I Clutch Assembly I Fabricated parts.

CMT Business: Zinc Die Casting Parts I Non Ferrous Metal –Stamping I Injection Moulded Plastic Parts I Aluminum Die Casting & finished products.

Cabins & Fabrication Business: Operator Cabins for Excavator I Backhoe Loader I Wheel Loader I Motor Grader I Dozer I Compactor I Crane I Dump Truck I Tractor I Canopies I Doors I Floor Plates I Buckets I Shovels I Guards I Hyd. & Fuel Tanks.

Products: New Products Developed- Compatible for both EV & Non-EV Vehicles

Electronic Steering Column Lock

Ambient Air Pressure Sensor

OFF/ LOCK Indication for Key

Foldable Key

e-PCV

Vehicle Location & Security System (VLSS)

Tyre Pressure Monitoring Sensor (TPMS)

CBS for Motorcycles

Roll Over Valve

USB Charger

Mobile Holder with Charger

Carbon Canister

4 in 1 Lock

Detent Foldable Mirror

Mirror with Turn Indicator

Shutter Lock

Keyless Smart Lock

Keyless Fuel Tank Cap

Seat Latch Actuator 9

Products Supplied to EVs

2 Wheelers

450 X

Zeal

Magnus

D15

I Qube

Booma Innovative

Anav 1200

Products

Smart Lock

Seat Latch

Flap door Lock

4 in1 lock

Plastic Components

Mirror Assembly

Ignition Lock

Seat Lock

Cam Seat Lock

Products Supplied to EVs

Commercial Vehicles

Alfa E mini

Treo Yari

Treo Zor

ACE EV

Products

Mirror Assembly

Key-set Assembly

Expected Target of New EV Products

Product

Development Status

Proto Readiness

Performance Validation

Product Validation

iCAT approval

Hub Motor

Aug’22

Sept’22

Dec’22

March’23

Mid Drive Motor

Aug’22

Sept’22

Dec’22

March’23

Motor Controller

Aug’22

Sept’22

Oct’22

DC Controller

Aug’22

Sept’22

Oct’22

EV Charger

Sept’22

Oct’22

Nov’22

Jan’23

Battery Management System

Ready

On Going

Oct’22

Jan’23

Segment wise Revenue* Share (₹ 675 Crs.)

2W/3W

57%

4-W 4 W

23%

CV& OHV CV & OHV

20%

*Revenue from operations excluding other income.

FINANCIAL INFORMATION & RECENT UPDATES

Q1-FY 23 Financial Snapshot

Consolidated

(fig. in ₹ Crs.)

Standalone

GR Vs LY 65%

GR Vs Q4 -1%

GR Vs LY 76%

GR Vs Q4 -11%

GR Vs LY 79%

GR Vs Q4 -0.34%

GR Vs LY 124%

GR Vs Q4 -13%

GR Vs LY 961%

GR Vs Q4 -34%

GR Vs LY 664%

GR Vs Q4 - 28%

GR Vs LY 1508%

GR Vs Q4 -25%

GR Vs LY 72538%

GR Vs Q4 -23%

* PAT Inclusive of Other Comprehensive Income

Profit & Loss Statement – Consolidated (fig. in ₹ Crs.)

Particulars Total Income Expenses Cost of materials Labour cost Personnel expenses Other expenses Total expenses EBITDA EBITDA % Finance costs Interest on lease liabilities Depreciation

Profit before exceptional item, share of loss in joint ventures and tax

PBT % Exceptional item Losses from JV Profit after exceptional item, share of loss in joint ventures before tax Tax Expenses Net profit Net Profit % Other comprehensive income Total comprehensive income Comprehensive Income % Cash Profit Earnings Per Share (EPS)* Cash Earning Per Share (CEPS)*

Q1 FY 23 Q1 FY 22 411.67

678.09

YoY (%)

Q4 FY 22 QoQ (%)

FY 22

64.7%

685.49

-1.1% 2,330.68

425.63 52.46 38.14 104.31 620.54 57.55 8.5% 6.07 1.05 28.83

230.51 36.95 32.57 78.97 379.00 32.68 7.9% 2.97 0.90 23.86

84.6% 42.0% 17.1% 32.1% 63.7% 76.1% 0.5% 104.7% 16.7% 20.8%

431.59 51.01 35.88 102.43 620.91 64.59 9.4% 4.89 1.22 26.57

-1.4% 1,415.84 182.00 2.9% 136.37 6.3% 1.8% 383.47 -0.1% 2,117.67 213.01 9.1% 13.74 3.97 100.03

-10.9% -0.9% 24.0% -14.3% 8.5%

21.60

4.95

336.0%

31.90

-32.3%

95.27

- 2.84

18.76

6.05 12.71 1.9% (0.38) 12.34 1.8% 43.41 2.11 7.21

- 3.19

1.77

(0.34) 2.11 0.5% (0.50) 1.62 0.4% 27.52 0.35 4.57

2.0%

-10.9%

4.65% 1.11 2.34

-1.5%

21.2%

4.1% 1.11 12.72

961.1%

28.45

-34.1%

81.44

1857.1% 502.0% 1.4%

663.8% 1.4% 57.7% 501.9% 57.7%

10.76 17.69 2.6% (0.54) 17.15 2.5% 46.12 3.24 7.66

-43.8% -28.1% -0.7%

-28.0% -0.7% -5.9% -34.8% -5.9%

25.51 55.93 2.4% 4.90 60.83 2.6% 163.42 9.29 27.15

* Not Annualized

Profit & Loss Statement – Standalone (fig. in ₹ Crs.)

Particulars Total Income Expenses Cost of materials Labour cost Personnel expenses Other expenses Total expenses EBITDA EBITDA % Finance costs Interest on lease liabilities Depreciation Profit before exceptional item and tax PBT % Exceptional item Profit after exceptional item and before tax PBT % Tax Expenses Net profit Net Profit % Other comprehensive income Total comprehensive income Comprehensive Income % Cash Profit Earnings Per Share (EPS)* Cash Earning Per Share (CEPS)*

Q1 FY 23 Q1 FY 22 319.05

571.96

YoY (%) Q4 FY 22 QoQ (%)

FY 22

79.3% 573.93

-0.3% 1,946.17

392.90 41.86 25.47 64.94 525.17 46.79 8.2% 3.25 0.36 21.53 21.66 3.8% - 21.66 3.8% 5.86 15.80 2.8% (0.66) 15.14 2.6% 37.33 2.62 6.20

206.75 27.20 21.03 43.21 298.20 20.84 6.5% 1.61 0.38 17.50 1.35 0.4% - 1.35 0.4% 0.36 0.99 0.3% (1.01) (0.02) 0.0% 18.49 0.16 3.07

124.5% 1.6% 101.2% -6.5% 23.0% 1507.6% 3.4%

90.0% 394.03 39.32 53.9% 23.06 21.1% 50.3% 63.99 76.1% 520.39 53.54 9.3% 3.03 0.52 19.91 30.08 5.2% 1.10 28.97 5.0% 8.68 20.29 3.5% (0.73) 19.55 3.4% 40.20 3.37 6.68

1507.6% 3.4% 1536.9% 1497.0% 2.5%

72538.3% 2.7% 101.9% 1496.8% 101.9%

-12.6% -1.1% 7.1% -30.9% 8.1% -28.0% -1.5%

-0.3% 1,308.71 144.10 6.5% 90.06 10.5% 1.5% 232.18 0.9% 1,775.06 171.11 8.8% 7.70 1.73 74.26 87.42 4.5% 1.10 86.32 4.4% 24.89 61.43 3.2% (2.20) 59.22 3.0% 135.69 10.21 22.54

-25.2% -1.3% -32.5% -22.1% -0.8%

-22.6% -0.8% -7.1% -22.1% -7.1%

* Not Annualized

RM Prices Trend on Indian Operations

Aluminium Alloys 233.00

225.00

215.00

Avg Rate Q1 FY 23 - 224

Avg Rate Q1 FY 22 - 170

0 5

0 7 1

0 0

3 7 1

0 4

6 6 1

0 0

9 6 1

0 0

1 7 1

5 7

4 8 1

0 0

5 1 2

0 5

9 0 2

0 0

8 0 2

5 7

5 9 1

0 0

7 9 1

Avg Rate Q4 FY 22 - 212

5 8

9 2 2

Zinc Alloys

5 0

0 8 3

Avg Rate Q1 FY 23 - 354

4 3

1 4 3

Avg Rate Q1 FY 22 - 247

6 6

9 4 2

7 5

0 4 2

2 9

9 3 3

5 5

9 4 2

9 8

2 8 2

6 1

2 8 2

0 5

0 9 2

2 3

1 5 2

6 9

4 5 2

0 9

5 5 2

9 9

7 4 3

1 7

4 0 3

0 6

0 1 3

Avg Rate Q4 FY 22 - 321

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

FY 21-22

FY 22-23

FY 21-22

FY 22-23

Nickel

2550.83

Avg Rate Q1 FY 23 - 2250

2172.27

2026.69

Avg Rate Q1 FY 22 - 1287

5 5

6 3 2 1

5 2

8 9 2 1

2 6

7 2 3 1

8 8

0 1 4 1

7 4

7 2 4 1

9 1

6 3 4 1

0 7

3 6 4 1

3 5

6 9 4 1

3 9

1 2 5 1

Brass

7 0

0 2 6

0 8

1 4 4 2

Avg Rate Q1 FY 23 - 585

4 1

3 7 5

550.44

0 1

1 6 5

1 7

4 2 8 1

2 2

2 7 6 1

Avg Rate Q4 FY 22 - 1980

Avg Rate Q1 FY 22 - 531

516.50

526.56

524.92

520.86

516.55

555.36

552.07

550.72

609.96

574.40

561.21

Avg Rate Q4 FY 22 - 582

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

FY 21-22

FY 22-23

FY 21-22

FY 22-23

 RMC Increased in Q1 FY 23 Vs Q1 FY 22 by 3.8% at Standalone Level & 6.8% at Console Level on account of Price increasing trend of commodity due to prospective average price

Subsidiaries Performance

(fig in ₹ Crs.)

27%

100%

Sandhar Barcelona Sandhar Tooling Sandhar Automotive Systems Sandhar Engineering Total Revenue

8% 80%

Q1 FY 23 Q1 FY 22 Growth 91.41 1.32 - - 92.73

98.29 2.38 15.28 1.75 117.70

27%

Sandhar Barcelona Sandhar Tooling Sandhar Automotive Systems Sandhar Engineering Total EBITDA

Q1 FY 23 Q1 FY 22 Growth -10% 11.84 0.00 25845% - - 11.84

10.70 0.78 0.66 (1.28) 10.86

-8%

Sandhar Barcelona Sandhar Tooling Sandhar Automotive Systems Sandhar Engineering Total EBT

Q1 FY 23 Q1 FY 22 Growth -44% 158%

2.34 0.35 0.21 (2.90) (0.00)

4.18 (0.61) - - 3.58

-100%

Status of New Projects as on 30th June 2022

Name of Company

Location

Business Division

Start of Production

Segment

Products

Project Status

Sandhar Technologies Limited

Sandhar Engineering Private Limited

Nalagarh, Himachal Pradesh

Halol, Gujarat

Attibele, Karnataka

Sheet Metal Components & Parts

Domestic

Jan-22

May-22

Muffler and frame for two wheelers

Dispatch started on 27th January 2022

Guard Saree, Chain case and fender

Dispatch started on 2nd May 2022

Aug-22

Muffler and frame for two wheelers

Sr. No.

Sandhar Engineering Private Limited

Mysore, Karnataka

Jan-23

Muffler, frame for two wheelers and fuel tank.

Sandhar Technologies Limited

Pathredi, Rajasthan

Surface Mount Technologies

Jan-23

Vehicles Using Smart Locks

Smart Handle, Parking Sensor, Shark Fin Antenna, USB Charger, Electric Steering Lock

Overseas

Sample submitted for 4 Parts & mass production expected to commence from Aug' 2022 Land allotment & Registration done. Contract given to Civil and Project Management Consultant. Construction to commence from Aug-22. Machine installation and testing completed. DAN 0 event parts sent to Honda Car.

Sandhar Technologies Ro SRL Romania

Aluminium Die Casting

Oct-22

Supports, Brackets and Pivots.

Under Construction

New Projects Under Development

Sandhar Auto Castings Private Limited

Hosur, Tamil Nadu

Mysore, Karnataka

Machining for Casting

Dec-22

Machining and Painting of Aluminum Die Casting Parts on Job Work Route (Crankcase Casting R & L, Cover Clutch, Hub Comp Rear Wheel Casting, Cover Variator Casting, Cover Magneto Casting & Cover Clutch Casting etc)

Lease Agreement signed and Plant Layout finalised. Major Machinery & equipment in final stage of Order.

Sandhar Engineering Private Limited- Mysore Project

Products

Muffler

Building 3D View

Fuel Tank

Frame

Swing Arm

SOP:- Dec-22

Sandhar Engineering Private Limited- Mysore Project

SOP:- Dec-22

Sandhar Engineering Private Limited- Attibele Project

Plant Inside View

Products

Muffler

Frame

SOP:- Aug-22

Surface Mount Technology (SMT Line) Project

Plant Inside View

Product Printed Circuit Board Assembly (PCBA)

PCBA-Applications

Smart Handle

Shark Fin Antenna

Parking Sensor

Electric Steering Lock

USB Charger

SOP:- Jan-23

Machining Project (fig in ₹ Crs)

Highlights / New Developments

•

Secured new business of Machining for Castings from TVSM. 1st Year business value is expected to be ₹ 77 Crs with an assured margin (EBT) of 8 %. The project will have a capital outlay of ₹ 75 Crs (estimated) in form of Plant & Machinery & Other Assets Expected EBITDA is 27.27% (based on 1st Year’s Revenue Estimates). Expected ROCE is 15%. (based on 1st Year’s Revenue Estimates). Both Manufacturing facilities at rented premises.

Mysore – Project

Hosur – Project

SOP:- Dec-22

Romania Project

Plant Under Construction & 3D View

3D View

Major Products

Supports

Brackets

Pivots

SOP:- Oct-22

THANK YOU

Sandhar Technologies Limited Corporate Office: Plot No. 13, Sector 44, Gurugram-122001, Haryana- India CIN: L74999DL1987PLC029553 Website: www.sandhargroup.com Email: investors@sandhar.in (For Retail Investors) Investors.relations@sandhar.in (For Institutional investors)

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