SKIPPERNSE12 November 2022

Skipper Limited has informed the Exchange about Investor Presentation

Skipper Limited

9KIPPER 9KIPPER 9KIPPER

---- Limited---- ---- Limited---- ---- Limited----

Date: 12th November, 2022

The Manager National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C-1, Block-G Bandra Kurla Complex, Bandra (E) Mumbai- 400 051

Ref: NSE Scrip Name- SKIPPER/BSE Scrip Code- 538562 Subject: Intimation regarding Investors Presentation

Dear Sir,

The Manager BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street Mumbai- 400 001

In compliance with the provisions of Regulation 30 read with Schedule III 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 Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended 30th September, 2022.

Kindly take the same on record.

Thanking you,

Yours faithfully, For Skipper Limited

Anu Singh Company Secretary & Compliance Officer

Encl: As above

Regd. Office 3A, Regd. Office 3A, Regd. Office 3A,

SKIPPER LIMITED SKIPPER LIMITED SKIPPER LIMITED Loudon Street 1st Floor Kolkata Loudon Street 1st Floor Kolkata Loudon Street 1st Floor Kolkata

700 017 700 017 700 017

CIN L40104/81981 PLC033408 Phone 033 2289 2327/5731/5732, Fax 033 2289 5733 CIN L40104/81981 PLC033408 Phone 033 2289 2327/5731/5732, Fax 033 2289 5733 CIN L40104/81981 PLC033408 Phone 033 2289 2327/5731/5732, Fax 033 2289 5733 Email mail@skipperfimited com Website www.skipper\imited com Email mail@skipperfimited com Website www.skipper\imited com Email mail@skipperfimited com Website www.skipper\imited com

Q2 & H1 PERFORMANCE, 2022 - 23

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SKIPPER LIMITED INVESTOR PRESENTATION Q2 &H1 FY’23 Results Ii- Q. e

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12th November, 2022

D I S C L A I M E R

This Investor Presentation has been prepared by Skipper Limited for investors, solely for informational purposes. The information contained herein has been prepared to assist prospective investors in making their own evaluation of the Company and does not purport to be all-inclusive or to contain all of the information a prospective or existing investor may desire. In all cases, interested parties should conduct their own investigation and analysis of the Company and the data set forth in this information. Skipper makes no representation or warranty as to the accuracy or completeness of this information and shall not have any liability for any representations (expressed or implied) regarding information contained in, or for any omissions from, this information or any other written or oral communications transmitted to the recipient in the course of its evaluation of the Company. This Information includes certain statements and estimates provided by the Company with respect to the projected future performance of the Company. Such statements, estimates and projections reflect various assumptions by management concerning possible anticipated results, which assumptions may or may not be correct. No representations are made as to the accuracy of such statements, estimates or projections. Prospective investors will be expected to have conducted their own due diligence investigation regarding these and all other matters pertinent to investment in the Company. This presentation may contain statements that are not historical facts, referred to as “forward looking statements.” The corporation’s actual future results may differ materially from those suggested by such statements, depending on various factors including statements contained in the Company's filings with the Stock Exchanges and our reports to shareholders. The Company does not undertake to update any written or oral forward-looking statements that may be made from time to time by or on behalf of the Company

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W H O W E A R E

Great Place To Work. Certified

JAN 2022 - JAN 2023

INDIA

Company is India’s largest and world's only Integrated T&D company having its own Structure rolling, manufacturing, Tower Load Testing Station & Transmission Line EPC.

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P R O D U C T O F F E R I N G S

S K I P P E R : O N E - S T O P S O L U T I O N P R O V I D E R

Engineering products

Polymer products

Infrastructure projects

Capacity: 300,000 MTPA • Power Transmission Tower • Power Distribution Poles • Monopoles • Telecom Tower • Railway Structures • MS & High Tensile Angles • Solar Structures • Fasteners • Tower Accessories

Capacity: 51,000 MTPA • UPVC Pipes • CPVC Pipes • SWR Pipes • HDPE Pipes • CP & PTMT • Polymer Water Tanks • Fittings

M I S S I O N

• Transmission Line EPC • Railway Electrification EPC • Underground Utility laying by HDD

Highlights Positioned as one of the world's leading transmission tower manufacturer; largest in India

Highlights • Only polymer pipe company in India to implement TOC in its operations

Highlights • Forward integration activity • Aimed at high-margin projects

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SKIPPER LIMITED Performance Update

Q2 & H1 FY’23 Update

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S t a n d A l o n e F i n a n c i a l P e r f o r m a n c e Q 2 F Y ’ 2 3

Rs in Mn

Sl

Profit & Loss Summary

Q2 FY’23

Q2 FY’22

Revenues

4,620.0

4,792.9

1

2

3

4

5

6

7

8

9

Operating EBITDA (without forex)

Operating EBITDA Margins (%)

(+) Other Income

(-) Depreciation

(-) Finance Cost

Operating Profit Before Tax (2+3-4-5)

Operating PBT Margins (%)

Forex Gain / (Loss)

Profit Before Tax ( Reported PBT )(6-7)

Tax

10

Profit After Tax (Reported PAT)

519.7

11.2%

11.7

114.0

225.4

192.0

4.2%

(121.6)

70.4

25.3

45.1

YoY Change % -3.6%

Q1 FY’23

4,160.9

QoQ Change % 11.0%

45.1%

490.9

5.9%

+ 377 Bps

11.8%

-55 Bps

11.5

126.2

240.4

-9.7%

135.8

41.4%

358.2

7.5%

10.0

121.9

249.6

(3.2)

-0.1%

+422 Bps

3.3%

+90 Bps

61.1

57.9

14.4

43.5

21.6 %

3.8 %

(132.6)

3.3

1.2

2.1

+2061 %

+2043 %

Forex derivatives MTM loss ( Rs - 121.6 mn) arising on account of sharp depreciation of rupee against USD has resulted mainly in decrease of profitability of the current year quarter and an increase in profitability number ( Rs + 61.1 Mn ) of the previous year corresponding quarter . The nature of impact is largely notional.

Thus all comparative growth numbers are required to be calculated excluding impact of forex gain / loss for better understanding and analysis on like to like basis.

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S t a n d A l o n e F i n a n c i a l P e r f o r m a n c e - H 1 F y ’ 2 3

Sl

Profit & Loss Summary

H1 FY’23

H1 FY’22

Rs in Mn Change %

1

2

3

4

5 6 7

8

9

Revenues

Operating EBITDA (without Forex)

% of Revenue

(+) Other Income

(-) Depreciation

(-) Finance Cost Operating PBT (2+3-4-5)

Forex Gain / (Loss)

Profit / (Loss) Before Tax (Reported PBT) (6-7)

Tax

10

Profit / (Loss) After Tax (Reported PAT) (8-9)

8,780.9

1,010.5

11.5% 23.2

240.2

465.7 327.8

(254.1)

73.7

26.4

47.3

7,539.3

16.5%

112.1 %

+520 Bps

476.5

6.3% 18.9

241.1

447.9 (193.6)

109.9

(83.4)

(34.0)

(49.7)

Forex derivatives MTM loss (Rs - 254.1 Mn) arising on account of sharp depreciation of rupee against USD has resulted mainly in decrease of profitability of the current year period and an increase in profitability number (Rs + 109.9 Mn) of previous year corresponding period . The nature of impact is largely notional.

Thus all comparative growth numbers are required to be calculated excluding impact of forex gain / loss for better understanding and analysis on like to like basis.

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P E F R O R M A C E H I G H L I G H T S – H 1 F y ’ 2 3

Strong Revenue Performance across major business segments

Stand Alone - Revenue

Segment - Revenue

Rs in Mn

Rs in Mn

8,781

7,539

17%

+ 15 %

6,895

5,991

9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0

+ 25 %

1,592

1,275

+ 8 %

295

273

H1 FY '23

H1 FY'22

Engg ■

H1 Fy'23

Polymer ■

H1 Fy'22

Infra

• Engineering exports increased to Rs 3,250 mn (+ 103 % over corresponding last year

period )

• Revenue pie from Polymers products increased to 18 % of overall business

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B U S I N E S S U P D A T E – Q 2 & H 1 F Y ’ 2 3

Performance Update Key Performance Highlights

Great Place To Work.. Certified

 Strong revenue performance across major business segments in spite of inflationary cost push and geo-

political related challenges;

 Stand Alone Operating EBITDA margins improved to 11.2% in compare to 7.5 % in Q2’22 and 11.5 % in

H1 Fy’23 against 6.3% in H1 Fy’22

 The Operating margin of engineering business are back to their normal historical range of 13% ,

Achieved margin of 13.3 % in Engineering segment during the quarter

 Export share in overall engineering revenue stood at 43 % in Q2 Fy’23 and 47 % in H1 Fy’23, achieved

growth of 40 % over previous year quarter and 103 % growth in H1 period.

Order Book Highlights

 Secured new order inflow of Rs 4,610 million during the quarter and YTD inflows of 8,630 million;

Strong growth trajectory in T&D product business and international markets

 Highest ever Bidding Pipeline - Actively pursuing projects worth Rs 54,000 million on international front

and about Rs 51,000 million on the Domestic front.

 All new large T&D projects in domestic markets now comes along with Design and Load testing scope;

Our new R&D centre will give us distinct advantage over competition.

Other Update

 The company’s strategy of broad basing its portfolio to include a higher proportion of Non T&D products like Solar, Railways, Telecom and Fasteners have started yielding good results and is helping us to derisk our exposure in T&D.

 Share of Non T&D Products in overall order book has increased to 12% ; Forayed into the

manufacturing of Crash Barrier system

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P E F R O R M A C E H I G H L I G H T S

Q4 Fy’22 Revenue performance improved on account of - Q2 & H1 Fy’23 EBITDA Margin improved on account of -

 Increased share of Engineering export business and parting away with majority of old legacy and

CIF contracts aided to better margin performance in engineering business:

 Strict control over fixed cost and cost reduction initiatives aided to better margin performance;

 Raw material price volatility & container unavailability continues to remain a challenge, company

is taking adequate measures to mitigate the same

Going forth also most of the revenue execution will take place from newer contracts which were secured on FOB terms and at elevated commodity price level aiding to better margin performance

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I M P R O V E M E N T T R E N D S

Consistent & Improved Operating Margin Performance

10.1%

10.9%

11.8%

11.2%

7.5%

15.0%

10.0%

5.0%

4.3%

0.0%

Q1 '22

Q2 '22

Q3 '22

Q4 '22

Q1 '23

Q2 '23

Stand Alone Operating EBITDA (Without Forex)

Note: Operating EBITDA is net of Forex derivative gain / (loss)

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S E G M E N T R E P O R T

S e g m e n t P e r f o r m a n c e Q 2 & H 1 F Y ’ 2 3

Rs in Mn

Polymer 18%

Infra 3%

Engg 79%

Revenue Mix – H1 FY’23

Note: Segment EBITDA is net of Forex and includes allocation of un-allocable expenditure in pro-rata share of Sales and Capital Employed in their respective segment

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SegmentProfit & Loss SummaryQ2 FY'23Q2 FY'22Change %H1 FY'23H1 FY'22Change %Net Sales3,798.4 3,943.8 -3.7%6,894.6 5,991.3 15.1%EBITDA - Operating505.7 413.1 22.4%926.7 524.7 76.6%% of Sales13.3%10.5%13.4%8.8%Net Sales712.8 771.8 -7.6%1,591.7 1,274.8 24.9%EBITDA - Operating10.0 4.9 104.8%70.3 8.7 709.6%% of Sales1.4%0.6%4.4%0.7%Net Sales108.8 77.4 40.6%294.7 273.3 7.8%EBITDA - Operating4.0 (59.8)-106.7%13.5 (56.9)-123.7%% of Sales3.7%-77.2%4.6%-20.8%Net Sales Total4,620.0 4,792.9 -3.6%8,780.9 7,539.3 16.5%EBITDA Total519.7 358.2 45.1%1,010.5 476.5 112.1%% of Sales11.2%7.5%11.5%6.3%Engg ProductsPVC ProductsInfra Projects Total @KIPPER ]

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E f f i c i e n t D e b t M a n a g e m e n t

Debt Details

Rs in Million

30.09.2022

30.09.2021

Inc / (Dec)

Long Term Debt

Current Maturities of Long Term Debt

Total Long Term Debt

Short Term Debt

Gross Debt Level

Debt Equity Ratio (X)

2,269

639

2,908

2,945

5,853

0.79

2,059

648

2,707

3,576

6,283

0.90

210

(9)

201

(631)

(430)

(0.11)

 Gross debt reduced by Rs 430 million inspite of higher sales during the period, on account

of better working capital utilisation, targeting significant reduction in H2 FY’23

 Deliberately held high level of RM inventory to mitigate commodity price risk on secured contracts; Prices of key raw materials have remained volatile over past few quarters on account of Geo political issues, leading to increased working capital requirement

 Efforts continues on cash flow & balance sheet consolidation, Interest expenses down by

10% in compare to previous year quarter in spite of a hardening rate environment

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O R D E R B O O K P I E

E n g i n e e r i n g P r o d u c t s – O r d e r B o o k C o m p o s i t i o n – S e p 2 0 2 2

Total Order Book Rs 21,630 million

J

Domestic 55%

Export 45%

29%

Order Breakup

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Segment Break up

J

45%

14%

12%

Domestic

Export

■ ■

PGCIL Export

■ ■

SEB & Others Non T&D Domestic

Non T&D Products - Telecom, Railways, Solar, Fasteners & other Steel Structural items

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C o n s i s t e n t O r d e r I n f l o w

E n g i n e e r i n g P r o d u c t s – O r d e r I n f l o w C o m p o s i t i o n

• New Order Intake of Rs 4,605 million in Q2 FY’23 and YTD inflows of Rs 8,630 million for engineering products supply from PGCIL, SEB’s , South East Asia, Asia Pacific, Middle East, Africa & LATAM Export markets and Non T&D products (Telecom, Railways, etc)

T&D Order Book well diversified between Power Grid, Domestic SEB / Private players and international

Share of Non T&D products at 12% in overall order book

The harmonization of commodity prices resulting in finalization and awarding of long pending order

Qtr Wise - Consistent Inflow Trend

5,010

4,530

4,230

4,610

4,030

3,810

2,200 2,300

clocked Consistently in excess of inflows 4,000 mn for the past few quarters

Q2 FY’23 Inflow Composition Rs 4,610 million

2,710

Q2’23 Inflow Composition

Export 43%

Domestic 57%

440

Q1 Fy'21

Q2 FY'21

Q3 FY'21

Q4 FY'21

Q1 FY'22

Q2 FY'22

Q3 FY'22

Q4 FY'22

Q1 FY'23

Q2 FY'23

*

In Q4 Fy’22 - Uncertainty towards international trade have loomed and commodity volatility were at its peak with Russia - Ukraine War, considering the situation company adopted a cautious in new order intake

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S t r o n g B i d d i n g P i p e l i n e

Highest Ever Bidding Pipeline of 105,000 Million as on 30th Sep 2022; International – 54,000 Mn & Domestic - 51,000 Mn

• Expecting International Ordering & Execution to gain pace in H2 FY’23 ;

In advanced Stages of negotiation to secure some good size International contract

• Large pent up demand in domestic T&D ; Ordering continues to remain muted

Increased focus on building up Engineering capabilities

International  Growing global competiveness; Focusing on international markets to drive the ordering growth;  Strong Anti China Sentiment; and global supply chain now actively looking for reducing their dependence on China is a great positive outcome of this crisis ; bringing more opportunities on our way  Majority of New Transmission lines are now getting built to cater renewables; leading to shorter

execution cycle and faster supplies to meet project deadlines.

Domestic

 The domestic T&D actvities are showing signs of rebound, Company’s Order bidding pipe line remains

strong at Rs 51,000 mn.

 Tender Pipeline continues to stay strong, Many tenders in the domestic T&D market which got

postponed - now expected to be concluded in next few months.

 Strong traction in domestic telecom on account of 5G Rollout / High bandwidth usage.  Ahead of the rollout of the high speed 5G network, the government is set to give a massive push to telecom infrastructure across the country with plans to add 8 lac new mobile towers over the next 2 years

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P O LY M E R P R O D U C T S S E G M E N T

SKIPPER’S POLYMER BUSINESS

Polymer manufacturing capacity of 51,000 MTPA

Plants invested state-of-the-art manufacturing technology

Guwahati Fittings Plant enjoys tax exemption

Among few Indian companies assured of CPVC for pipes manufacture

One of few Indian companies with NSF certification

Quality certifications

• ASTM D-1785, ASTM D-2467, ASTM D-2846 • IS: 12818 • IS: 13592 • IS: 4985 • IS: 15778 • IS: 13592 • IS: 14735 • IS: 10124 • IS: 14182 • NSF

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T H E O R Y O F C O N S T R A I N T S

OUR USP

Skipper is the only Indian polymer pipe company to implement Theory of Constraints (TOC) approach in an organized manner

Directed to empower the supply chain processes and systems

• Partnering benefits:

• Exponential Sales Growth & Gain in Market Share

• Robust Processes & Systems in place to improve

profitability

• Consistent availability of entire range of products

at billing points

• Improvement in working capital cycle and

reduction of inventory days

• Gain of more output from the current capacity

• Improvement in ROI to dealers and distributors

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P o l y m e r H i g h l i g h t s

Polymer – Improving Revenue Performance

Major Highlights

TTM Revenue of Rs 3,517 million

 Only Polymer Pipe company in India to implement TOC into its operation

 Growing National Presence ;

1,592

25 %

 Deriving 85 % of overall revenue through

TOC channel network

1,275

 Added 1,468 New Retailer Touch point in

the current quarter

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H1 FY'23 (6M)

H1 FY'22 (6M)

 Total Retailer Touch points in excess of

28,400 plus (nos) in Sep ’22; increased 12 (X) fold in last 2 year period

 Total Monthly Billed Retailers of 5,200 plus

(nos)

 Focus on Plumbing Portfolio; 70 :30 Revenue mix share of Plumbing: Agriculture

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B u s i n e s s O u t l o o k

....................................................................................

P E R F O R M A N C E O U T L O O K

 Company expects to clock high double digit annual revenue growth in Fy’23 on back of strong pending execution of engineering contracts and strong polymer segment performance ;

 Going forth most of the engineering revenue execution will take place from newer contracts which were secured on FOB terms and at elevated commodity price level aiding to continued better margin performance

 Targeting Inflow of Rs 22,000 - 25,000 million in Fy’23 , largely on account of international

export orders and rebound in Domestic T&D ordering

 Expect good traction in International TL orders to continue, While pending domestic TL

ordering bids are expected to start getting awarded by Q3 / Q4’23

 Continuing efforts to further strengthen the international T&D order book ; positioned to grow exports to 50% of engineering revenue in current year (FY’23) and to 75 % by next year (FY’24)

 Productivity and cost reduction cost reduction initiatives at the plant and site level are

expected to further improve efficiency in operations and aid to stable margins

 Implementation of TOC in both Engineering and Polymer business to significantly improve its

working capital cycle and bottom-line profitability

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S h a r e h o l d i n g P a t t e r n

S h a r e h o l d i n g p a t t e r n a s o n 3 1 s t O c t o b e r 2 2

M a j o r I n s t i t u t i o n a l S h a r e h o l d e r s A s o n 3 1 s t O c t o b e r 2 2

Promoters 71.89%

Name

Baillie Gifford - Pacific Horizon Investment Trust

Ocean Dial Asset Management India (ICGF)

Crux Global Fund

Dovetail India Fund

%

4.3%

4.1%

0.9%

0.6%

Foreign Portfliio Investors 10.14%

Others 17.97%

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Future Ready • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

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E X P L O R I N G N E W G E O G R A P H I E S

FOCUS ON GROWING EXPORTS

• Optimistic outlook: Positioned to grow exports to 50% of

Engineering revenue in current year (FY’23) and to 75 % by next year (FY’24).

• Opportunity-ready: Certified by prominent international organizations for confidence-enhancing certifications

• Established traction: Working with over 100 Global EPC player ;

Enlisted 10 Plus prominent customers in past 12 months

• In House Design Capability: With in-house design capability and human capital, we are able to add more value into the projects we bid, offering innovative, bespoke and cost-effective design solutions.

• Creditable beginning: first-time order and enquiries from USA, Germany, Spain, South Korea, Uruguay, Paraguay, Romania, Croatia, Mexico, Panama, Bolivia, Poland, Afghanistan, Russia, Australia and East / West African countries among others

• Competitiveness: Strong Anti-Chinese Sentiment and gradual decoupling from China is also causing many projects to seek alternative supply chains, giving further fuel to business potential coming our way.

• Brand Positioning: Our recently set up R&D Centre and Tower

Testing Station have vastly improved our brand positioning in the export markets, helping us to be taken as a serious contender.

International certifications

Certification

CFE/LAPEM CWB DEWA ROHAS CE CERTIFICATION ACHILLES/STATNET Saudi Electric Company The Jordanian Electric Power Company Ltd RETIE EETC BPC KETRACO TCN NGCP DAST

Country

Mexico Canada & USA Dubai Malaysia Europe Nordics Saudi Arabia

Jordan Colombia Egypt Bhutan Kenya Nigeria Philippines European Union

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L E A D E R S H I P P O S I T I O N

S K I P P E R I S C L E A R LY P O I S E D T O B E I N T H E W I N N I N G S P O T I N T H E I N T E R N AT I O N A L T & D S E C T O R

Skipper is the highest accredited manufacturers in India for supplying to global markets

Largest and lowest cost manufacturer out of India and one of the lowest globally

In between 2005 – 15 Skipper supported multiple Indian non integrated T&D EPC Contractors (holding major market share) with low cost reliable Transmission Tower supplies (Towers are almost 50% of the value of any project).

• Currently replicating the same format in International markets with major International EPC

contractors, helping them leverage their relations with the Utilities better

Increase in approvals such as CWB (North America), CE & DAST (Europe), Lapem (Central America & Mexico),, DEWA (Middle east), Achilles (Nordic countries) and Sirim (South East Asia) which gives it better access to T&D business in these regions. Continuously increasing , Utility approval list with more key utilities in the European markets

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@KIPPER ]

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T E L E C O M S E C T O R

TELECOM TOWER

• India needs around 800,000 additional towers to address digital

growth and 5G Roll out

• National Telecom Policy aims to inspire $100 bn investment in

five years

• India’s 30 per cent broadband penetration leaves large

headroom

• Sector added 65,000 mobile towers in two years

• Expansion of 4G, 5G, Artificial Intelligence, Virtual Reality,

Internet of things and M2M among others are driving the need for more towers

China

1.4 bn Customers

1.94 mn Telecom tower

' ' ' ' ' ' ' ' ' ' L

••

------------------------ ,

• • • • •

• • • • • •

_

." "

India

1.18 bn Customers

. • • . . . ' ' : ·, ' } } : L------------------------------------

"·d

• • • • • • •

0.46 mn Telecom towers

.

• • •

-- --- --- --- --- --- --- --- --- --- --- --- --- --- -

I N D I A O N T H E C U S P O F M O B I L E D A T A E X P L O S I O N

India;s smartphone users has more than double by 2022 (in mn)

The number of connected devices will boom in india (in bn)

Average mobile data consumption per month in India (in gigabytes)

7 1 0 2

2 2 0 2

7 1 0 2

2 2 0 2

7 1 0 2

2 2 0 2

-

0

300

600

900

0

0.4

0.8

1.2

1.6

2.0

2.4

0

6

12

18

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L E A D E R S H I P P O S I T I O N

S K I P P E R I S C L E A R LY S E T T O B E I N T H E W I N N I N G S P O T I N T H E T E L E C O M S E C T O R

• Large engineering capacity to support manufacturing of Telecom structures

• Proximity to focus Telcos markets - East & North East

• Tie up with one of world's leading tower design company - Ramboll

• Long standing relationships with major telecos in India and abroad

((g))

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@KIPPER ]

-Limited-

T r a n s m i s s i o n L i n e To w e r Te s t i n g S t a t i o n

$ $KIPPER

R&D

Skipper boasts of India ‘s largest Tower & Monopole Load Testing Station -

• All new large T&D projects in

domestic markets now comes along with Design and Load testing scope;

• Our new R&D centre will give us

distinct advantage over competition.

• Facility running at 100% capacity

Few Power Transmission Towers & Monopoles tested at our Testing Station

765kV S/C Monopole 220kV Transmission

Tower

765kV Transmission Tower

400kV D/C Quad Moose Monopole

L

500kV Transmission Tower

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Thank You

For any queries please contact:

Aditya Dujari (Investor Relations)

Skipper Limited 3A, Loudon Street, 1St Floor, Kolkata 700 017

E-Mail: aditya.dujari@skipperlimited.com Tel: + 91 33 2289 2327/5731 Mobile: 9830806906

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