Elecon Engineering Company Limited

70%

s • Asia’s Largest Industrial Gear Manufacturer with Global operations. • Debt Free Company • 70% Energy from Renewal Sources Key Segments & Products Helical/Bevel Helical Gearboxes Worm Gearb

39%

rtical Roller Mill Gearbox”. Financial Performance – Q2 & H1 FY23 Financial Performance Q2FY23 39% 3 9 7 6 87% 3 8 Consolidated In Rs. Cr 24% 9 8 3 4 1 3 Sales EBITDA Standalone In Rs. Cr

87%

ill Gearbox”. Financial Performance – Q2 & H1 FY23 Financial Performance Q2FY23 39% 3 9 7 6 87% 3 8 Consolidated In Rs. Cr 24% 9 8 3 4 1 3 Sales EBITDA Standalone In Rs. Cr 28% 5 0 3 9

24%

ce – Q2 & H1 FY23 Financial Performance Q2FY23 39% 3 9 7 6 87% 3 8 Consolidated In Rs. Cr 24% 9 8 3 4 1 3 Sales EBITDA Standalone In Rs. Cr 28% 5 0 3 9 3 2 48% 5 7 1 5 Q2 FY22 Q2 F

28%

3 9 7 6 87% 3 8 Consolidated In Rs. Cr 24% 9 8 3 4 1 3 Sales EBITDA Standalone In Rs. Cr 28% 5 0 3 9 3 2 48% 5 7 1 5 Q2 FY22 Q2 FY23 82% 5 6 5 3 4 4 2 3 PBT PAT 104% 5 6 106%

48%

Consolidated In Rs. Cr 24% 9 8 3 4 1 3 Sales EBITDA Standalone In Rs. Cr 28% 5 0 3 9 3 2 48% 5 7 1 5 Q2 FY22 Q2 FY23 82% 5 6 5 3 4 4 2 3 PBT PAT 104% 5 6 106% 8 4 3 2 Sales E

82%

3 4 1 3 Sales EBITDA Standalone In Rs. Cr 28% 5 0 3 9 3 2 48% 5 7 1 5 Q2 FY22 Q2 FY23 82% 5 6 5 3 4 4 2 3 PBT PAT 104% 5 6 106% 8 4 3 2 Sales EBITDA PBT PAT Financial Perfor

104%

e In Rs. Cr 28% 5 0 3 9 3 2 48% 5 7 1 5 Q2 FY22 Q2 FY23 82% 5 6 5 3 4 4 2 3 PBT PAT 104% 5 6 106% 8 4 3 2 Sales EBITDA PBT PAT Financial Performance H1FY23 Consolidated In Rs. C

106%

28% 5 0 3 9 3 2 48% 5 7 1 5 Q2 FY22 Q2 FY23 82% 5 6 5 3 4 4 2 3 PBT PAT 104% 5 6 106% 8 4 3 2 Sales EBITDA PBT PAT Financial Performance H1FY23 Consolidated In Rs. Cr 18% 6 1

18%

6 106% 8 4 3 2 Sales EBITDA PBT PAT Financial Performance H1FY23 Consolidated In Rs. Cr 18% 6 1 7 8 0 6 25% 7 5 1 6 2 1 Sales EBITDA Standalone In Rs. Cr 22% 2 6 5 0 6 4 29% 0 3

25%

Sales EBITDA PBT PAT Financial Performance H1FY23 Consolidated In Rs. Cr 18% 6 1 7 8 0 6 25% 7 5 1 6 2 1 Sales EBITDA Standalone In Rs. Cr 22% 2 6 5 0 6 4 29% 0 3 1 1 0 1 72% 7 3

22%

Consolidated In Rs. Cr 18% 6 1 7 8 0 6 25% 7 5 1 6 2 1 Sales EBITDA Standalone In Rs. Cr 22% 2 6 5 0 6 4 29% 0 3 1 1 0 1 72% 7 3 1 PBT 73% 9 0 1 0 8 3 6 H1 FY22 H1 FY23 71% 7 0

“Cr FY20 FY21 FY22 FY23 Guidance EBITDA Margin % 0 2 % 8 1 5 8 1 6 4 2 EBITDA % 3 1 0 4 1 % 2 2 0 3 3 7 4 .”

“Cr FY20 FY21 FY22 FY23 Guidance EBITDA Margin % 4 2 % 1 2 % 8 1 4 4 1 4 8 1 8 8 2 EBITDA % 3 1 5 0 1 6 3 8 6 9 7 3 9 8 0 0 2 1 , Sales 7 2 0 .”

“100 Crores over a period of two considering growth revenue projection and long lead time for key machineries global Expanding footprints, global branding and other initiatives marketing for of furtherance overseas business.”

Product

1

Standalone Operations

1

Product

Import substitution for customers Latest technology • • • Power consumption & noise reduction by improving torque Design and Engineering Capability for customised Gearbox Elecon is manufacturing assembly and completed no load testing of one of the Biggest “ VERTICAL ROLLER MILL DRIVE “ for India’s leading cement manufacturer. ELECON has Successfully manufactured and supplied “Vertical Roller Mill Gearbox”. Financial Performance – Q2 & H1 FY23 Financial Performance Q2FY23 39% 3 9 7 6 87% 3 8 Consolidated In Rs. Cr 24% 9 8 3 4 1 3 Sales EBITDA Standalone In Rs. Cr 28% 5 0 3 9 3 2 48% 5 7 1 5 Q2 FY22 Q2 FY23 82% 5 6 5 3 4 4 2 3 PBT PAT 104% 5 6 106% 8 4 3 2 Sales EBITDA PBT PAT Financial Performance H1FY23 Consolidated In Rs. Cr 18% 6 1 7 8 0 6 25% 7 5 1 6 2 1 Sales EBITDA Standalone In Rs. Cr 22% 2 6 5 0 6 4 29% 0 3 1 1 0 1 72% 7 3 1 PBT 73% 9 0 1 0 8 3 6 H1 FY22 H1 FY23 71% 7 0 1 3 6 6 4 PAT 74% 1 8 Sales EBITDA PBT PAT Key Ratios Analysis Consolidated % 4 1 23% RoE Standalone 28% % 1 1

Standalone Operations

External Credit Ratings: Long term: [ICRA] A+ (Stable) ; Short term: [ICRA]A1 A1 Outstanding Retention: Rs.68 Crs as at 30th Sep 2022 There are favourable developments in some cases of Arbitration awards of Rs. 60+ Crs during Q2FY23 Segment Analysis - Gear 250 31% 71% 60 190 35 19% Q2 FY22 Q2 FY23 24% Revenue (Rs. Cr) EBIT (Rs. Cr) EBIT 22% 464 381 Revenue (Rs. Cr) 37% 109 79 EBIT (Rs. Cr) H1 FY22 H1 FY23 23% 21% EBIT Segment Analysis – MHE 14% 19% Q2 FY22 Q2 FY23 49 55 7 8 Revenue (Rs. Cr) EBIT (Rs. Cr) 25% 98 78 Revenue (Rs. Cr) 100% 12 6 EBIT (Rs. Cr) 14% 13% EBIT H1 FY22 H1 FY23 13% 8% EBIT Consolidated Order-Book Order Intake In Rs. Cr Open Order H1 FY23 As at Sep 30, 22 GEAR MHE TOTAL 744 94 838 602 112 714 Outlook Share Price Performance – 1 Year Volume Price 500 400 300 200 100 0 s R Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 12,000 10,000 8,000 6,000 4,000 2,000 0 0 0 ' n i 0 Oct-21 Relative Performance BSE Sensex 1.1% 5.9% 5.5% 0.0% NS