Onward Technologies Limited

rs,

January 20, 2023 BSE Ltd. P. J. Towers, Dalal Street, Mumbai – 400 001 National Stock Exchange of India Ltd. ‘Exchange Plaza’, C-1, Bloc

80%

technology-partner positioned as an extended R&D team for large companies • Top 25 clients added 80% of revenue in 9M FY 2023 • 15 clients with annual billing run-rate of $1M or more • Private equity

28%

to fuel double digit growth in top-line • Margin expansion through India advantage • Delivered 28% y-o-y revenue growth in FY22, 50% in Q3 FY2023 Focused industry verticals Industrial Equipment

50%

p-line • Margin expansion through India advantage • Delivered 28% y-o-y revenue growth in FY22, 50% in Q3 FY2023 Focused industry verticals Industrial Equipment & Heavy Machine • • Transportation

INR 1,158

Highlights Q3-FY23 Consolidated Financial Performance Q3-FY23 Standalone Financial Performance INR 1,158 Mn Revenue from Operations INR 66 Mn 5.70% EBITDA EBITDA Margins INR 813 Mn Revenue from Ope

INR 66

ncial Performance Q3-FY23 Standalone Financial Performance INR 1,158 Mn Revenue from Operations INR 66 Mn 5.70% EBITDA EBITDA Margins INR 813 Mn Revenue from Operations INR 65 Mn 8.00% EBITDA

5.70%

rmance Q3-FY23 Standalone Financial Performance INR 1,158 Mn Revenue from Operations INR 66 Mn 5.70% EBITDA EBITDA Margins INR 813 Mn Revenue from Operations INR 65 Mn 8.00% EBITDA EBITDA Ma

INR 813

cial Performance INR 1,158 Mn Revenue from Operations INR 66 Mn 5.70% EBITDA EBITDA Margins INR 813 Mn Revenue from Operations INR 65 Mn 8.00% EBITDA EBITDA Margins INR 25 Mn 2.16% INR 1.08/S

INR 65

e from Operations INR 66 Mn 5.70% EBITDA EBITDA Margins INR 813 Mn Revenue from Operations INR 65 Mn 8.00% EBITDA EBITDA Margins INR 25 Mn 2.16% INR 1.08/Share INR 35 Mn 4.31% INR 1.55/Sha

8.00%

rations INR 66 Mn 5.70% EBITDA EBITDA Margins INR 813 Mn Revenue from Operations INR 65 Mn 8.00% EBITDA EBITDA Margins INR 25 Mn 2.16% INR 1.08/Share INR 35 Mn 4.31% INR 1.55/Share PAT

INR 25

DA EBITDA Margins INR 813 Mn Revenue from Operations INR 65 Mn 8.00% EBITDA EBITDA Margins INR 25 Mn 2.16% INR 1.08/Share INR 35 Mn 4.31% INR 1.55/Share PAT PAT Margins Diluted EPS PAT PAT

2.16%

Margins INR 813 Mn Revenue from Operations INR 65 Mn 8.00% EBITDA EBITDA Margins INR 25 Mn 2.16% INR 1.08/Share INR 35 Mn 4.31% INR 1.55/Share PAT PAT Margins Diluted EPS PAT PAT Margins

Transformation from legacy to the NEW

1

Growth in revenue from

1

Reflects cost from

1

Valorem Advisors Disclaimer

1

Transformation from legacy to the NEW

Engineering, Research & Development and Digital services Who we are • A diverse team of around 2974 employees • 15 offices across 6 countries in USA, EU+UK, India • Focused on enhancing clients’ competitiveness, total returns on R&D investments & time to market Strong balance sheet • Net debt-free, sound balance sheet & cash reserves • 6-year track-record of consistent dividend payout Global 2000 customers • A technology-partner positioned as an extended R&D team for large companies • Top 25 clients added 80% of revenue in 9M FY 2023 • 15 clients with annual billing run-rate of $1M or more • Private equity investment by Infinity Direct Holdings Digital play across all business lines • Digital Engineering & Outsourcing • Electronics & Embedded engineering services • Mechanical Engineering Services Geared for double-digit growth • Strong customer base, relationships to fuel double digit growth in top-line • Margin expansion through India advantage • Delivered 28% y-o-y revenue growth in

Reflects cost from

1) Digital Engineering & ER&D services + 2) Legacy business + 3) New business building blocks Multi-year client engagements Consistent industry- leading growth Steady growth in offshore leverage Business building costs International offices, Sales team expansion in USA & EU+UK, SME hiring to strengthen Delivery Investments in talent to address future client demand Proactive hiring engineering graduates (TAP) from top-tier institutes across the country 5 Q3/9M-FY23 FINANCIAL OVERVIEW 6 Q3/9M-FY23 Performance Highlights Q3-FY23 Consolidated Financial Performance Q3-FY23 Standalone Financial Performance INR 1,158 Mn Revenue from Operations INR 66 Mn 5.70% EBITDA EBITDA Margins INR 813 Mn Revenue from Operations INR 65 Mn 8.00% EBITDA EBITDA Margins INR 25 Mn 2.16% INR 1.08/Share INR 35 Mn 4.31% INR 1.55/Share PAT PAT Margins Diluted EPS PAT PAT Margins Diluted EPS 9M-FY23 Consolidated Financial Performance 9M-FY23 Standalone Financial Performance INR 3,196 Mn Revenue from Operations INR 1

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: