L&T Technology Services Limited

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la Complex Bandra (East), Mumbai-400 051 NSE Symbol: LTTS BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001 BSE Script Code: 540115 Dear Sir/Madam, We are sending herewith co

INR 1,000 Crore

ase of over 700 engineers from diversified technology domains and has crossed an annual revenue of INR 1,000 Crores. The coming together of the LTTS and SWC teams will address the entire gamut of digital offering

250 million

agraj Smart City program, an AI based crowd management project which has successfully managed over 250 million people. SWC has also implemented smart metering in states like Uttar Pradesh, Haryana and Delhi to

6 million

has also implemented smart metering in states like Uttar Pradesh, Haryana and Delhi to the tune of 6 million meters. LTTS brings smart building and experience management capabilities through its i-BEMS plat

390 billion

ampus’ in Israel with over 14,000 sensors. Together, LTTS and SWC will address a larger market of $390 billion globally for sustainable spaces. In Cybersecurity, SWC brings Full Lifecycle Threat Management c

376 billion

ement, OT cybersecurity and product security credentials and address the demands of the projected $376 billion cybersecurity market. Commenting on the occasion, Mr. S. N. Subrahmanyan, Chief Executive Officer

INR 8

ness of Larsen & Toubro Limited subject to approval of shareholders ▪ Transaction consideration of INR 8 Bn ▪ LTTS to fund transaction using internal cash reserves ▪ Completion is subject to approval from

INR 10.98

shareholders ▪ Closing is expected to be achieved within 3 months Transaction Summary ▪ Revenue: INR 10.98 Bn (FY22) ▪ 700+ Employees across India ▪ SWC is a leading connected intelligence solution provider

74%

WC is a leading connected intelligence solution provider operating in 3 segments – Communications (74%), Safe & Smart Solutions (25%), Cybersecurity (1%) Strategic Rationale ▪ Aligns with 3 of the 6

25%

lligence solution provider operating in 3 segments – Communications (74%), Safe & Smart Solutions (25%), Cybersecurity (1%) Strategic Rationale ▪ Aligns with 3 of the 6 Big Bets of LTTS – 5G, Sustain

1%

vider operating in 3 segments – Communications (74%), Safe & Smart Solutions (25%), Cybersecurity (1%) Strategic Rationale ▪ Aligns with 3 of the 6 Big Bets of LTTS – 5G, Sustainability & Digital Pr

2X

as-a-Service across products and telecom equipment ▪ 5G capability to enhance overall offerings in V2X, Edge computing and Vehicle analytics ▪ Current offerings directly addresses multiple aspects

“This presentation should not be relied upon as a recommendation or forecast by the Company.”

“The Company cannot guarantee that these assumptions and expectations are accurate or will be realised.”

Media Contact

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Business Segments

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Global Communications market

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Global Sustainable Spaces market

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Global cyber security market

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For more information please contact

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Media Contact

Aniruddha Basu L&T Technology Services Limited E: Aniruddha.Basu@LTTS.com T: +91-80-67675707 REGISTERED OFFICE: L&T House, N.M. Marg, Ballard Estate, Mumbai - 400 001 CIN: L72900MH2012PLC232169 www.LTTS.com info@LTTS.com Copyright © L&T Technology Services BUSINESS UPDATE: ACQUISITION January 2023 Restricted Circulation | L&T Technology Services | www.LTTS.com 1 Disclaimer This presentation is issued by L&T Technology Services Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any particular person. This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of the Company, nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment whatsoever. No person is authorized to give any

Global Sustainable Spaces market

ITES TAM for Sustainable spaces by 2025 – US$241 Bn – Statista 2022 ▪ Network Operations Center (NOC) ▪ OSS, Network Architecture, Planning & Roll Out ▪ Datacenter, Private 5G & Cloud ▪ Operator Network mgmt. and assurance, RAN ▪ 5G Lab-as-a-Service ▪ OEM NPD/Sustainance ▪ Safety & Surveillance ▪ Traffic Management ▪ Waste Management ▪ Smart Metering ▪ Fusion™ Platform & IC3 ▪ Building Automation ▪ Energy & Sustainability ▪ iBEMS™ | UBIQWeise™ Cybersecurity ▪ Security Operating Centers (SOC) ▪ Full Lifecycle Threat Management ▪ OT Cybersecurity ▪ Product security

Global cyber security market

$155.8 Bn in 2022; $376.32 Bn by 2029 CAGR of 13.4% - Fortune Business Insights Next-Gen Communications Full stack offerings with added capabilities in 5G for Operators, OEMs and enterprises Sustainable Spaces End to End solutions across Efficient Campuses and Cities, Utilities, Mobility, Public Safety and Environment Cybersecure Cybersecurity playbook for End-to-end Security Lifecycle Management Opportunities in: NA | Europe | Middle East| APAC | India Restricted Circulation | L&T Technology Services | www.LTTS.com 6 ABOUT L&T TECHNOLOGY SERVICES L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer base includes 69 Fortune 500 companies and 57 of the world’s top ER&D companies, across industrial products, medical telecom & hi-tech, and the process devices, industries. Headq

For more information please contact

Pinku Pappan Head, Investor Relations & M&A Email: pinku.pappan@LTTS.com For additional information about L&T Technology Services log on to https://www.LTTS.com/ L&T Technology Services | www.LTTS.com 7