WELENTNSE15 November 2022

Investor Presentation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Welspun Enterprises Limited

WEL /SEC/2022

November 15, 2022

To,

BSE Limited 1st Floor, Rotunda Bldg, Dalal Street, Fort, Mumbai - 400 001. Scrip Code: 532553

Dear Sir/Madam,

National Stock Exchange of India Limited Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051. NSE Symbol: WELENT

Sub.: Investor Presentation pursuant to Regulation 30 of the SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached Investor Presentation which is being uploaded on the website of the Company.

Kindly take note of the above.

Thanking you.

For Welspun Enterprises Limited

Priya Pakhare Company Secretary FCS - 7805

WELSPUN ENTERPRISES LIMITED

BSE: 532553 | NSE: WELENT |ISIN: INE625G01013

Investor Presentation

N o v e m b e r 2 0 2 2

Safe Harbor

The information contained in this presentation is provided by Welspun Enterprises Limited (the “Company”). Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is subject to change without notice, its accuracy, fairness or completeness is not guaranteed and has not been independently verified and no express or implied warranty is made thereto. You must make your own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent investigation as you may consider necessary or appropriate for such purpose. Neither the Company nor any of its directors assume any responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information or opinions contained herein. Neither the Company nor any of its directors, officers, employees or affiliates nor any other person accepts any liability (in negligence, or otherwise) whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection therewith.

The statements contained in this document speak only as at the date as of which they are made, and the Company expressly disclaims any obligation or undertaking to supplement, amend or disseminate any updates or revisions to any statements contained herein to reflect any change in events, conditions or circumstances on which any such statements are based. By preparing this presentation, none of the Company, its management, and their respective advisers undertakes any obligation to provide the recipient with access to any additional information or to update this presentation or any additional information or to correct any inaccuracies in any such information which may become apparent. This document is for informational purposes and does not constitute or form part of a prospectus, a statement in lieu of a prospectus, an offering circular, offering memorandum, an advertisement, and should not be construed as an offer to sell or issue or the solicitation of an offer or an offer document to buy or acquire or sell securities of the Company or any of its subsidiaries or affiliates under the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, both as amended, or any applicable law in India or as an inducement to enter into investment activity. No part of this document should be considered as a recommendation that any investor should subscribe to or purchase securities of the Company or any of its subsidiaries or affiliates and should not form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. This document is not financial, legal, tax, investment or other product advice.

This presentation contains statements of future expectations and other forward-looking statements which involve risks and uncertainties. These statements include descriptions regarding the intent, belief or current expectations of the Company or its officers with respect to the consolidated results of operations and financial condition, and future events and plans of the Company. These statements can be recognized by the use of words such as “expects,” “plans,” “will,” “estimates,” or words of similar meaning. Such forward-looking statements are not guarantees of future performance and actual results, performances or events may differ from those in the forward-looking statements as a result of various factors and assumptions. You are cautioned not to place undue reliance on these forward looking statements, which are based on the current view of the management of the Company on future events. No assurance can be given that future events will occur, or that assumptions are correct. The Company does not assume any responsibility to amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise.

Any reference herein to "the Company" shall mean Welspun Enterprises Limited, together with its consolidated subsidiaries.

Business Highlights Q2 FY23

NHAI approved the following acquisition of the balance stake from JV partners

▪ 51% stake in Chikhali-TarsodHighways Private Limited (Chikhali-TarsodHAM Project)

▪ 51% stake in RGY Roads Private Limited (ChutmalpurGaneshpur& Roorkee Chutmalpur

Gagalheri(CGRG) and GagalheriSaharanpur Yamunanagar(GSY)HAM Projects)

Revenue

2 7 6 , 4

5 4 7 , 6

6 9 0 , 5

0 0 8 , 2

5 5 1 , 2

Q2 FY22

Q3 FY22

Q4 FY22

Q1 FY23

Q2 FY23

EBITDA & EBITDA Margin 17.7%

Completion Certificatate received for 2 projects

11.7%

9.9%

▪ Maharashtra Amravati (Pkg AM 2) on 30th July 2022

▪ Chutmalpur-Ganeshpur& Roorkee-Chutmalpur-Gagalheri(CGRG) on 7thOctober 2022

8 3 3

3 2 2

5 4 8

11.0%

3 7 5

7.2%

8 9 4

Q2 FY22

Q3 FY22

Q4 FY22

Q1 FY23

Q2 FY23

EBITDA

EBITDA Margin

# Figures in Rs Mn, Standalone numbers

W E L S P U N E N T E R P R I S E S L I M I T E D

Monetization of Operational Highway Portfolio

Project Name

Contract Type

Authority /Client

Status

Delhi-Meerut Expressway (Pkg 1)

Chutmalpur-Ganeshpur

Gagalheri-Saharanpur-Yamunanagar

Chikhali-Tarsod

Maharashtra Amravati (Pkg AM 2)

HAM

NHAI

COD achieved

NHAI

COD achieved

NHAI

COD achieved

NHAI

PCOD achieved

MH PWD

COD achieved

Mukarba Chowk – Panipat

BOT (Toll)

NHAI

PCOD achieved

TOTAL

6 projects → 5 Completed HAM projects and 1 operating BOT Toll project

*Definitive Agreement signed with Actis Highway Infra Limited

* Subjectto the completion of customary and regulatory compliances and approvals from NHAI, PWD, and lenders

~₹ 60,000 Mn Enterprise Value

#Excl. ~₹ 30,000 Mn Construction linked milestone / grant payments received/receivable from NHAI and PWD - Government of Maharashtra

~₹ 35,390 Mn Expected Debt As on the date of First Closing

~₹ 17,780 Mn Equity investment As on the date of First Closing

W E L S P U N E N T E R P R I S E S L I M I T E D

Income Statement Snapshot - Standalone

Particulars (₹ Mn)

Q2 FY23

Q2 FY22

YoY %

H1 FY23

H1 FY22

YoY %

Revenue from Operations

Other Income

Total Income

EBITDA

EBITDA margin

PBT Before Exceptional Item

Exceptional Item

PBT

PAT

PAT margin

Cash PAT

5,096

108

5,204

573

11.0%

378

431

396

7.8%

335

2,800

2,885

338

11.7%

175

142

5.1%

183

82%

28%

80%

70%

(70) bps

116%

146%

178%

269 bps

83%

11,840

272

12,112

1,070

8.8%

694

747

646

5.5%

608

6,242

179

6,420

752

11.7%

427

342

5.5%

418

90%

52%

89%

42%

(287) bps

63%

75%

89%

0 bps

45%

Note: Cash PAT = PBDT (before exceptional) –Current tax + Non-cash ESOP expenses | Prior figures have been restated wherever necessary

W E L S P U N E N T E R P R I S E S L I M I T E D

Income Statement Snapshot - Consolidated

Particulars (₹ Mn)

Q2 FY23

Q2 FY22

YoY %

H1 FY23

H1 FY22

YoY %

Total Income

EBITDA

EBITDA margin

PBT Before Exceptional Item

Exceptional Item

PBT

Profit from discontinuing operations*

PAT

Cash PAT

5,529

702

12.8%

399

667

1,066

318

1,330

1,004

3,034

389

13.0%

142

121

225

280

82%

80%

(18) bps

181%

650%

163%

491%

259%

12,684

1,309

10.4%

734

667

1,401

558

1,821

1,838

6,678

852

90%

53%

12.9%

(248) bps

373

207

482

588

97%

276%

170%

278%

213%

Note: Cash PAT = PBDT (before exceptional) –Current tax + Non-cash ESOP expenses | Prior figures have been restated wherever necessary * -Refers to projects which are being monetized

W E L S P U N E N T E R P R I S E S L I M I T E D

Balance Sheet Snapshot - Standalone

Balance Sheet Snapshot (₹ Mn)

30th September 2022

31st Mar 2022

Net worth

Gross Debt

Long Term Debt

Short Term Debt (Working Capital Loan)

Cash & Cash Equivalents#

Net Debt / (Cash)

Other Long-Term Liabilities

Mobilisation advance payable

Total Net Fixed Assets (incl. CWIP)

Net Current Assets (Excl. Cash & Cash Equivalents) (adj.)

Other Long-Term Investments and assets (adj.)

# Includes Fixed Deposits kept with banks

19,307

6,524

6,007

517

2,497

4,027

131

6,034

478

5,945

23,076

18,942

5,018

1,883

3,135

351

3,946

571

4,565

21,238

W E L S P U N E N T E R P R I S E S L I M I T E D

Welspun Enterprises

Welspun Enterprises At a glance

PAN INDIA PRESENCE

Across UP, Bihar,

Tamil Nadu, Haryana, Maharashtra and Uttarakhand

DIVERSIFIED PORTFOLIO Specialise in Road, Water and Wastewater projects

ASSET LIGHT MODEL

STRONG EXECUTION

Well-positioned via a lean

balance sheet and achieving operational excellence with execution partners

Record completion time of 19 months (vs. 30 months) of Delhi – Meerut Expressway

LANDMARK/ ACCLAIMED PROJECTS

Delhi–Meerut Expressway Chikhali – Tarsod

#After divestment of 6 road assets

CURRENT PROJECT MIX #

HAM - 2 EPC – 3 BOT - 1

~51 %

₹ 1,14,186 Revenue CAGR Mn*

(FY2017-22)

Among India’s fastest growing infrastructure development companies

Robust Order Book

* As on September 30th, 2022 and Including Rs 17,960 mnfor O&M & asset replacement in MCGM STP project.

W E L S P U N E N T E R P R I S E S L I M I T E D

Creating Value through a Clear Strategy

Bid for selective projects

Leverage knowledge

▪ Lower competition ▪ Better IRRs ▪ Better EPC margin ▪ Ease of execution

▪ Moving towards external orders

(strengthening EPC)

Deploy right mix of contractors & support them for seamless execution

▪ Reduce execution risk ▪ Minimal investment in Plant &

Machinery

Asset Monetization

Continuous Diversification

▪ Monetize completed Assets to strengthen developer & EPC business

▪ Focus on Road and Water &

Wastewater segments

▪ Exploring high potential sub-

segments

Project Management

▪ Efficient monitoring to optimize cost and execution timeline

W E L S P U N E N T E R P R I S E S L I M I T E D

1 0

ADVANTAGE WEL

Key Triggers

Proven Track Record

Built one of the ‘Engineering Marvels of India -Delhi Meerut E-way’ and known to be an Execution Specialist

Strong Platform Set for Future Growth

Strong and diversified EPC Order book across road and water sector providing visibility for next couple of years

Trend in Diversification

Focus on Road and Water segments Exploring additional opportunities in Wastewater Segment

Continuous Focus on

Value Creation

Asset light business model in Infra with project value-enhancements leveraging strong execution partnerships

Strategy

Robust Financial Metrics

Unique Position with Strong Financials to tap Infra opportunities with focus on Sustainable and Inclusive Growth

Asset Monetization

Value creation through regular churn of assets – Unlocking capital

Favorable Industry Dynamics

Creating value through a profound strategy

Well Positioned to Benefit from India’s Economic Growth & Development

W E L S P U N E N T E R P R I S E S L I M I T E D

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Proven track record

~500 km

Experience of operating ~500 km of Toll projects

₹ 122,000+ Mn ~700 km

Robust road portfolio*

Capability to execute complex projects WEL has demonstrated high level of operational excellence with the execution of several complex projects.

Key projects : ➢ Mukarba Chowk – Panipat ➢ Chikhali-Tarsod ➢ Gagalheri-Saharanpur-Yamunanagar ➢ Chutmalpur-Ganeshpur & Roorkee-Chutmalpur-Gagalheri ➢ Maharashtra Amravati - Package no. AM 2

* Includes assets being monetized

W E L S P U N E N T E R P R I S E S L I M I T E D

Delhi Meerut Expressway

Welspun completed Enterprises’ portfolio includes the Delhi–Meerut Expressway / National Expressway 3 which was featured as an Engineering Marvel of India

➢ India’s FIRST 14-Lane Expressway ➢ India’s FIRST Green Expressway ➢ Received the “Gold Award” in the excellence in Project Management from MORTH

➢ India’s FIRST HAM project to be awarded AAA (SO) credit rating

➢ India’s FIRST HAM project to

receive annuity

➢ India’s FIRST HAM project to be re-

financed post completion ➢ India’s FIRST Completed HAM project (332 Days ahead of schedule)

₹ 271 Mn

19 Months

Early completion bonus from NHAI

Record

completion time

Engineering Marvel of India Featured on History Channel

Engineering Marvels: Extreme Connects Watch Video

1 3

Strong platform set for future growth

Robust portfolio of Road and Water projects

Current order book at

₹ 1,14,186 Mn* (excluding GST)

Segment Break-up

Order Book Break-up

46% R O A D

80% E X T E R N A L

54% W A T E R

C A P T I V E 20%

* As on September 30th, 2022 and Including Rs 17,960 mnfor O&M & asset replacement in MCGM STP project.

Current Order Book provides strong revenue growth visibility

W E L S P U N E N T E R P R I S E S L I M I T E D

1 4

Trends towards Diversification

Trends in Order Book Break-up

WEL Portfolio (in ₹ Mn)

Other EPC, 4%

Water EPC, 55.7%

FY17

Q2 FY23

EPC of HAM , 17.2%

EPC of

BOT, 2.8%

Road EPC, 24.3%

1,22,000

1,14,186

Development

EPC*

Development includes assets demonetized

EPC of HAM ,

96%

Way forward

Continuous focus on both development and EPC projects

Continue approach of prudent bid strategy to strengthen portfolio

Water & Wastewater to be one of the key growth driver and focus area

Strategic positioning towards development (BOT & HAM) and EPC projects

Apart from NHAI, evaluate road projects of State and local agencies

* As on September 30th, 2022 and Including Rs 17,960 mnfor O&M & asset replacement in MCGM STP project.

W E L S P U N E N T E R P R I S E S L I M I T E D

1 5

Continuous Focus on Value Creation

Focused on Execution excellence with Low Leverage

Strong presence across segments: Development (HAM & BOT) and EPC

▪ Diversified roads & Water

projects

▪ Leverage on Strong Parentage

(Welspun Group)

▪ Focusing on Margin accretive

projects

De-risked execution model

Building High-Value High- Margin Projects

Value unlocking from assets

▪ Completed Projects – ready to

monetize

o Recently monetized 6 completed road assets

▪ Value creation through

churning of assets

▪ Construction completely

outsourced; Project supervision by WEL

▪ Flexibility across geographies

and infra sub-sectors

▪ Minimal Plant & Machinery; no

investment blockage

▪ Minimal working capital

▪ Design capability &

strengthening of supply chain management

Asset Light Model

STRONG PARENTAGE

LOWER RISK

CASH RECYCLED

W E L S P U N E N T E R P R I S E S L I M I T E D

1 6

Robust Financial Metrics

Revenues

EBITDA

Net Debt / Equity (x)

48% 5 years Revenue CAGR

6 1 9 , 2

2 7 9 , 9

4 9 3 , 7 1

0 0 6 , 7 1

2 0 1 , 4 1

9 6 0 , 3 1

5 8 7

1 0 8 , 1

7 6 5 , 2

9 8 5 , 2

8 7 9 , 1

9 1 8 , 1

4 2 0

2 2 0

1 1 . 0

4 0 0

2 0 0

FY17

FY18

FY19

FY20

FY21

FY22

FY17

FY18

FY19

FY20

FY21

FY22

FY17

FY18

FY19

FY20

FY21

FY22

Standalone numbers

# Figures in Rs Mn

W E L S P U N E N T E R P R I S E S L I M I T E D

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Favorable Industry Dynamics

Budget 2022

Vision 2025 for Roads

60,000 Kms

Development of 60,000 km of NH - 2,500 km of Expressways, 9,000 km of Economic corridors, 2,000 km of coastal and port connectivity

~₹ 1.99 tn

68% In FY22

NHAI ~₹ 1,340 bn

133% In FY22

Bharatmala Pariyojana

Central Road Fund

550 Districts (NH Linkages)

19 %

Increase in allocation for the central road fund by 19%

Total expenditure on the Ministry of Road Transport and Highways for FY23

Allocation towards NHAI has more than tripled from 2019-20 to 2022-23

To optimise efficiency of movement by bridging critical infrastructure gaps

Jal Jeevan Mission

₹ 600 bn

Allocated to provide tap water connections to 38 million household in 2022-23

Jal Shakti Ministry

₹ 860 bn

Gati Shakti

₹ 100 tn

Allocated to the Jal Shakti Ministry , as compared to ₹69,000 Cr In FY21

Aimed at improving multi-modal connectivity and last- mile connectivity

Railways

~₹ 1,400 bn

28 % Allocation for Indian Railways

W E L S P U N E N T E R P R I S E S L I M I T E D

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Industry dynamics - Roads Sector Attractive Opportunities & Strong Policy support

Per Day (km)

Road Construction

NHAI Awards and Execution (km)*

18%

18,000 Km

18% of projected infrastructure investment of ₹111 trillion in NIP is in the Roads sector

National Highways to expand by

18,000 km in 2022-23

at a pace of 50 km per day

23 National Highways

Private Sector

Government aims to construct

23 new national highways

is expected to be largest contributor towards roads

7 2

0 3

8 2

by 2025

2018-19 2019-20 2020-21 2021-22 2022-23 E

6 0 3 , 6

8 8 7 , 4

8 1 2 , 4

5 2 3 , 4

0 5

7 3

9 7 9 , 3

0 8 3 , 3

1 1 2 , 3

2 2 2 , 2

Private Sector

2018-19

2019-20

2020-21

2021-22

Awards

Execution

W E L S P U N E N T E R P R I S E S L I M I T E D

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*Source: MoRTH(The Ministry of Road Transport and Highways) Annual Report FY 2021-22, Construction World.in

Industry dynamics - Water & Wastewater Sector

₹ 600 bn

Allocated for piped water mission to extend tapped water coverage to 38 million households in 2022-23

Wastewater treatment India’s Waste Water treatment plants treat only 1/3rd of the waste water generated daily according to Central Pollution Control Board

W E L S P U N E N T E R P R I S E S L I M I T E D

₹ 12.6 tn capital expenditure to be spent in building Water Infrastructure

Households with piped-water supply in rural areas (I N %)

(₹ TN)

1 . 1

8 . 1

0 2

4 . 1

2 . 1

4 0

6 0

0 . 1

8 0

7 0

% 3 1

% 4 1

% 6 1

% 7 1

% 8 1

% 0 0 1

FY20

FY21

FY22

FY23

FY24

FY25

FY15

FY16

FY17

FY18

FY19

FY25E

Rural Water &Sanitation

Irrigation

Government’s Mission: ‘Har Ghar Nal Se Jal’

With India’s water crisis nearing a tipping point, the government announced the Jal Jeevan Mission to provide potable water to every rural household by 2024.

Urban Water & Sanitation - Additional

₹ 3.3 tn

Will be spent in building Water Infrastructure Vision 2025 for Water Infrastructure

~100%

Of urban and rural households connected to piped-water supply

Interlinking Of rivers to increase area under irrigation, domestic & industrial water supply

2 0

Welspun Group and CSR

Welspun Group overview

USD 2.3 Bn

Group Revenue

USD 1.0 Bn

Group Assets Net Fixed Assets

Manufacturing Facilities in India, USA, and Saudi Arabia

26,000+

Workforce

Global leader in Home Textiles

Amongst world’s largest Line-Pipe manufacturers

Robust portfolio of Roads & Water Infra projects

Integrated Grade-A Warehousing Solutions

W E L S P U N E N T E R P R I S E S L I M I T E D

2 2

EDUCATION

ENVIRONMENT

EMPOWERMENT

CSR initiatives

Our social mission is enshrined within the 3Es i.e. Education, Empowerment and Environment & Health

Project Gyankunj To enhance the teaching & learning process for teachers & students with the use of technology

Project Model Village To create a sustainable rural community that generates and maintains the resources to improve its level of well-being and happiness without depleting economic, social and environmental values.

Welspun Super Sports Women To identify and support female athletes in achieving their sporting endeavors through scholarships

CURRENT REACH

Districts

116

Schools

Villages

19,600

People

Sports Women

961

Teachers Trained

55,750

Students

W E L S P U N E N T E R P R I S E S L I M I T E D

2 3

Awards, Accreditation & Accolades

Letter of appreciation by Prime Minister of India Shri Narendra Modi

“Gold award” in excellence in Project Management under PPP mode from MORTH

Appreciation by Shri Nitin Gadkari, Union Minister

Fastest Growing Company – Annual Construction World Awards

Letter of appreciation by Honorable Parliamentarian

W E L S P U N E N T E R P R I S E S L I M I T E D

2 4

APPENDIX

Infrastructure Portfolio

1. HAM: Delhi-Meerut expressway package 1

2. HAM: Chutmalpur - Ganeshpur & Roorkee-Chutmalpur – Gagalheri 3. HAM: Gagalheri- Saharanpur-Yamunanagar

4. HAM: Chikhali-tarsod

5. HAM: Package no. AM 2

6. HAM: Aunta - Simaria (Ganga Bridge with Approach Roads)

7. HAM: Sattanathapuram – Nagapattinam

9. BOT: Mukarba Chowk – Panipat

8. EPC: Varanasi Aurangabad NH2 Project

10. EPC: UP State Water and Sanitation Mission

11. Dharavi Wastewater Treatment Facility (Mumbai)

12. BOT Dewas Water

13. EPC water segment

14. Investment in oil & gas blocks: potential value accretion

Infrastructure Portfolio

Diversified infrastructure projects in roads and water Project Name

Authority / Client

Contract Type

Status

ROAD Aunta-Simaria

Sattanathapuram-Nagapattinam (SNRP)

Varanasi Aurangabad NH2 Project (VARP) WATER Dewas Water

UP State Water and Sanitation Mission

Dharavi Wastewater Treatment Facility (Mumbai)

HAM

EPC

BOT

EPC

NHAI

Under Execution

SIVAPTL

Under Execution

MPSIDC

SWSM

BMC

Operational

Under Execution

Road Assets being monetized

Delhi-Meerut Expressway (Pkg 1) Chutmalpur-Ganeshpur & Roorkee-Chutmalpur- Gagalheri (CGRG) Gagalheri-Saharanpur-Yamunanagar (GSY)

Chikhali-Tarsod (CT)

Maharashtra Amravati (Pkg AM 2)

HAM

NHAI

COD achieved

PCOD achieved

MH PWD

COD achieved

Mukarba Chowk – Panipat (MCP)

BOT (Toll)

NHAI

PCOD received

Sr. No

W E L S P U N E N T E R P R I S E S L I M I T E D

2 6

HAM Delhi-Meerut Expressway Pkg 1

SCOPE 14 Lane expressway: Six-laning of Delhi – Meerut Expressway & four-laning either side from 0th km to existing km 8.4 of NH-24 in Delhi STATUS

Received “Gold award” in excellence in project management under PPP mode from MORTH

Record completion within 19 months - early completion bonus of ₹ 271 Mn from NHAI

Project was covered by HISTORY Channel program as ‘Engineering marvel of India’

FLYOVER

Project details

Project Length (Kms)

Award Date

Financial Closure

Appointed Date

8.716 Km

Jan 2016

Achieved

28th Nov 2016

Scheduled Construction Period

30 months

COD Date

28th June 2018

Concession Period after COD

15 Years

Project cost & financing (₹ Mn)

Completion Cost

Means of Finance

NHAI

Debt

Sponsor’s Commitment

O&M Payment (First Year)

*Completion Cost includes Escalation

8,960

3,549

3,760

1,055

39.5

W E L S P U N E N T E R P R I S E S L I M I T E D

2 7

HAM Chutmalpur-Ganeshpur & Roorkee-Chutmalpur- Gagalheri (CGRG)

SCOPE 4-Laning of Chutmalpur- Ganeshpur section of NH-72A & Roorkee-Chutmalpur-Gagalheri section of NH-73 in UP & Uttarakhand

STATUS Received COD on 7th October 2022

Project details

Project Length (Kms)

Acquisition Date

Financial Closure

Appointed Date

PCOD

53.3 Km

Jan 2018

Achieved

28th Feb 2018

05th Aug 2020

Concession Period after COD

15 Years

GANESHPUR

Project cost & financing (₹ Mn)

CHUTMALPUR

GAGALHERI

Completion Cost

Means of Finance

NHAI

Debt

Sponsor’s Commitment

ROORKEE

O&M Payment (First Year)

*Completion Cost includes Escalation

11,085

4,430

4,956

1,460

100

W E L S P U N E N T E R P R I S E S L I M I T E D

2 8

HAM Gagalheri- Saharanpur- Yamunanagar (GSY)

SCOPE 4-Laning of Gagalheri- Saharanpur-Yamunanagar section of NH-73 in UP / Haryana

STATUS COD achieved on 31st Oct, 2020

Project details

Project Length (Kms)

Acquisition Date

Financial Closure

Appointed Date

PCOD

Completion Certificate

51.5 Km

Jan 2018

Achieved

26th Jan 2018

31st Oct 2020

10th Feb 2022

Concession Period after COD

15 Years

YAMUNANAGAR

Project cost & financing (₹ Mn)

Completion Cost

Means of Finance

NHAI

Debt

Sponsor’s Commitment

O&M Payment (First Year)

*Completion Cost includes Escalation

13,884

5,537

6,368

1,820

100

GAGALHERI

SAHARANPUR

W E L S P U N E N T E R P R I S E S L I M I T E D

2 9

HAM Chikhali-Tarsod (CT)

SCOPE 4-laning of Chikhali – Tarsod (Package-IIA) section of NH-6 from km 360.0 to km 422.7 in Maharashtra

STATUS

PCOD achieved on 25th Aug 2021

TARSOD

CHIKHLI

Project details

Project Length (Kms)

Acquisition Date

Financial Closure

Appointed Date

PCOD

62.7 Km

Jan 2018

Achieved

16th Jan 2019

25th Aug 2021

Concession Period after COD

15 Years

Project cost & financing (₹ Mn)

Completion Cost

Means of Finance

NHAI

Debt

Sponsor’s Commitment

O&M Payment (First Year)

*Completion Cost includes Escalation

12,703

5,014

5,400

1,380

40.1

W E L S P U N E N T E R P R I S E S L I M I T E D

3 0

HAM Maharashtra Amravati (Pkg AM 2)

SCOPE Upgradation of Roads in Maharashtra State or Two Laning Road/ Two Laning Road with paved shoulder under MRIP Package on Hybrid Annuity Mode (HAM) Package No. AM 2.

KEY FEATURES Concessionaire to receive 60% of the Bid Project Cost (BPC) during the construction period (vs. 40% in NHAI projects); balance 40% of BPC and O&M paid in a period of 10 years (vs. 15 years in NHAI projects)

STATUS COD achieved on 30th July 2022

Project details

Project Length (Kms)

Award Date

Financial Closure

Appointed Date

COD

352.15 Km

Nov 2018

Achieved

28th May 2019

30th July 2022

Concession Period after COD

10 Years

Project cost & financing (₹ Mn)

Completion Cost (Est.)

Means of Finance

PWD

Debt

Sponsor’s Commitment

O&M Payment (First Year)

*Completion Cost includes Escalation

17,192

10,261

2,800

1,861

315

W E L S P U N E N T E R P R I S E S L I M I T E D

3 1

HAM Aunta-Simaria (Ganga Bridge with Approach Roads)

SCOPE Six- Laning from Aunta-Simaria (Ganga Bridge with Approach Roads) Section from km 197.9 to km 206.1 of NH-31 in Bihar. Includes widest extradosed bridge on Ganga river

STATUS NHAI declared the Appointed Date as 30th August 2018

The project is under execution

AUNTA

BARAUNI REFINERY

SIMARIA

MALHIPUR

Project details

Project Length (Kms)

Acquisition Date

Financial Closure

Appointed Date

08.15 Km

Aug 2018

Achieved

30th Aug 2018

Scheduled Construction Period

42 Months

Concession Period after COD

15 Years

Project cost & financing * (₹ Mn)

Bid Project Cost

Means of Finance

NHAI

Debt

Sponsor’s Commitment

O&M Payment (First Year)

*Forecasted figures

14,477

5,726

5,665

1,416

W E L S P U N E N T E R P R I S E S L I M I T E D

3 2

HAM Sattanathapuram- Nagapattinam (SNRP)

SCOPE 4 laning of Sattanathapuram to Nagapattinam (Design Ch Km 123.8 to Km 179.6) section of NH-45A (New NH -332) in Tamil Nadu

STATUS Received Appointed Date on 5th October 2020 with 4 lane road & 4 lane structures as against 4 lane road & 6 lane structures specified in the Concession Agreement

SATTANATHAPURAM

The project is under execution.

NAGAPATTINAM

Project details

Project Length (Kms)

Award Date

Financial Closure

Appointed Date

55.755 Km

July 2018

Achieved 5th Oct 2020

Scheduled Construction Period

24 months

Concession Period after COD

15 Years

Project cost & financing * (₹ Mn)

Bid Project Cost

Means of Finance

NHAI

Debt

Sponsor’s Commitment

O&M Payment (First Year)

* Forecasted figures

22,725

9,090

8,935

2,400

W E L S P U N E N T E R P R I S E S L I M I T E D

3 3

BOT Mukarba Chowk – Panipat (MCP)

SCOPE 6 to 8 laning from Mukarba Chowk at Km 15.5 and extends to Panipat at Km 86 in the State of Haryana. Project Stretch lies in the Panipat & Sonipat district of Haryana and Delhi

STATUS PCOD received effective 31st March 2022

Project details

Project Length (Kms)

71.1 Km

Acquisition Date (Harmonious substitution)

PCOD

8th June 2020

31st March 2022

Commencement of Tolling

Concession End Date

Q1 FY23

Oct 2033*

* Extension of up to 3.5 years possible depending on actual traffic on Target Date of April 1, 2025

Project cost & financing (₹ Mn)

Bid Project Cost

Means of Finance

NHAI

Debt

Sponsor’s Commitment

Equity

21,220

1,890

12,560

4,770

2,000

W E L S P U N E N T E R P R I S E S L I M I T E D

3 4

EPC Varanasi Aurangabad NH2 Project (VARP)

SCOPE Six laning of Varanasi – Aurangabad section of NH-2 from km 786.00 to km 978.00 (length 192.400 km) in the state of Uttar Pradesh & Bihar

Project details

Project Length (Kms)

192.4

Original Contract

Commencement Date

Construction Period

Additional Contract

Construction Start Date

Construction End Date

30th Sep 2021

24 Months

May 2022

Nov 2023

Status •

Total contract value of ~Rs 32,660 Mn (excl. GST) comprising original scope and order for additional scope

W E L S P U N E N T E R P R I S E S L I M I T E D

3 5

EPC UP State Water and Sanitation Mission

SCOPE

Rural Water Supply project under Jal Jeevan Mission by State Water Sanitation Mission UP, scope includes Survey, Design, Preparation of DPR, Construction, Commissioning and O&M for 10 years of various Rural Water Supply Projects in the State of Uttar Pradesh

Project details

Project Scope

Water Supply to Villages

Est aggregate contract value

₹ 25,000 Mn

S No. Revenue

District

Division

No of Villages

Varanasi

Jaunpur

Varanasi

Sant Ravidas Nagar

Ayodhya

Ambedkar Nagar

Ayodhya

Amethi

Meerut

Bulandshahr

Total No of Villages

747

877

241

240

439

2,544

W E L S P U N E N T E R P R I S E S L I M I T E D

3 6

EPC Wastewater Treatment Facility - Mumbai Sewage Disposal Project

SCOPE Design, Build, Operation and Maintenance of 418 MLD Dharavi Wastewater Treatment Facility including 209 MLD Tertiary treatment facility under Mumbai Sewage Disposal Project, Stage II (Priority Works)

Project details

Contract period

60 Months for Design Build, 15 years of operation and maintenance

Welspun Enterprises share in JV

80%

Status

LOA received on May 27, 2022

Project Commencement date – July 4, 2022

Total consideration of ~₹ 46,360 Mn (inclusive of GST)

Preparatory technical studies and basic engineering in progress

W E L S P U N E N T E R P R I S E S L I M I T E D

3 7

BOT Dewas Water

Sector

Project Name

Location

COD

Concession End

Water Supply

Dewas Water*

Apr-20

Jun-37

*Dewas Water – Modified Project ▪ Modified project involves the supply of treated water of up to 23 MLD to industrial customers in

Dewas

▪ FY22 revenue stands at ₹110 mn with EBITDA of ₹59 mn

W E L S P U N E N T E R P R I S E S L I M I T E D

3 8

₹25,000 Mn worth order under execution in EPC water segment

Lead Partner in Joint Venture with Kaveri Infraprojects Limited, Hyderabad 70 : 30

Empanelled by the UP-State Water and Sanitation Mission, Namami Gange and Rural Water Supply Department (SWSM)

Execution of EPC Projects of 2,544 villages for the Project of Survey, Design, Preparation of DPR, Construction, Commissioning and Operation and Maintenance for 10 years of Rural Water Supply

Estimated aggregate contract value: ₹25,000 Mn. The final value will be determined on completion of preparation of Detailed Project Report (DPR) by the JV and its approval by the SWSM

Preparation of DPR and Construction of the Project is to be progressively completed in 21 to 28 months and thereafter Operated and Maintained for a period of 10 years

Execution of EPC Projects across Jaunpur and Sant Ravidas Nagar in Varanasi, Ambedkar Nagar and Amethi in Ayodhya & Bulandshahr in Meerut

W E L S P U N E N T E R P R I S E S L I M I T E D

3 9

Investment in Oil & Gas blocks: Potential value accretion

Adani Welspun Exploration Ltd (AWEL), a 65:35 JV between Adani Group & WEL, is the key investment vehicle

Block Name

Location AWEL Stake

Status

WEL Effective Stake

MB-OSN-2005/2 Mumbai Offshore

100.0%

35.0%

GK-OSN-2009/1

Kutch Offshore

25.0%

8.75%

CB-ONN-2005/4 Cambay

- *

35.0%

Basin

B9 Cluster (DSF) Mumbai Offshore

100.0%

35.0%

AWEL drilled a well and had hydrocarbon discovery- potential GIIP 514 BCF (billion cubic feet) of gas . Further data evaluation studies have been completed. Resource and reserve estimation/certification has been completed and further Field Development studies are being carried

FDP (Field Development Program) is under preparation by ONGC, the operator. Based on which the commercial viability will be decided.

Ministry has turned down the request letter of the 35% consortium for allowing them to carry out operations in the Block. Other remedies are being explored.

A well has been drilled and data evaluation studies are in progress following which, resource and reserve/ reserve estimation has been taken up and further Field Development studies are being carried

W E L S P U N E N T E R P R I S E S L I M I T E D

4 0

Revenue from first block expected in FY25-26

Thank You

For further details please contact

CORPORATE OFFICE

W E L S P U N E N T E R P R I S E S L I M I T E D Welspun House, 5th Floor, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, India E-mail: investorrelations_WEL@welspun.com

Contact Mr Abhinandan Singh, Head - Group IR

+91 98202 93450

INVESTOR RELATIONS ADVISORS :

Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285

Mr. Jigar Kavaiya / Mr. Pratik Shah jigar.kavaiya@sgapl.net / p.s.shah@sgapl.net

N O V E M B E R 2 0 2 2

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Investor Presentation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

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