SANDHARNSE10 February 2023

Sandhar Technologies Limited has informed the Exchange about Investor Presentation

Sandhar Technologies Limited

Ref: STL /SE/2022-2023/Investor Presentation/66

Dated: 10th February, 2023

To, Department of Corporate Services, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Bandra, (E), Mumbai – 400 051

Listing Department, National Stock Exchange of India Limited

C-1, G-Block, Bandra-Kurla Complex

To,

BSE Code: 541163; NSE: SANDHAR

Sub: Intimation to Stock Exchange- Investor Presentation in connection with Un-Audited Standalone & Consolidated Financial Results for the quarter and nine months ended 31st December, 2022

Dear Sir/Madam,

Pursuant to Regulation 30 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 Un-Audited Standalone & Consolidated Financial Results for the quarter and nine months ended 31st December, 2022.

The above information will also be available on the Company’s website www.sandhargroup.com

Kindly take the same on record.

Thanking you,

Yours Faithfully,

For Sandhar Technologies Limited

Komal Malik Company Secretary & Compliance Officer

Encl.: As above

Sandhar Technologies Limited

Corporate Office: 13, Sector-44, Gurugram-122 002, Haryana, India. Ph: + 91 12-4518900

Registered Office: B-6/20, L.S.C., Safdarjung Enclave, New Delhi-110 029, India, Ph: +91-11-40511800

E-mail: enquiries@sandhar.in, website: www.sandhargroup.com; CIN-L74999DL1987PLC029553

INVESTOR PRESENTATION 9M & Q3 FY-2022-23

SAFE HARBOUR

This presentation and the accompanying slides (the “Presentation”), has been prepared by Sandhar Technologies Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but 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.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks the Indian economy and of the economies of various international and uncertainties include, but are not limited to, the performance of markets, the performance of the auto ancillary industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.

KEY HIGHLIGHTS - Consolidated

 Strong performance in 9M FY 22-23 despite various challenges faced during the period. Total Consolidated Income stood at

₹2150 Crs. registering an impressive growth of 31% over 9M FY 21-22

 Industry registered a growth of 16% where as Sandhar has achieved an impressive growth of 30% on YoY basis.

FINANCIAL HIGHLIGHTS – 9M & Q3 FY 2022-23

Total Income - 9M

₹ 2150 Crs.

as compared to ₹ 1645 Crs. in 9M FY22 (Y-o-Y 31%)

EBITDA

₹ 188 Crs.

as compared to ₹ 148 Crs. in 9M FY22 (Y-o-Y 27%)

Total Income - Q3

₹ 725 Crs.

as compared to ₹ 613 Crs. in Q3 FY22 (Y-o-Y 18%)

EBITDA

₹ 68 Crs.

as compared to ₹ 54 Crs. in Q3 FY22 (Y-o-Y 26%)

PBT

₹ 69 Crs.

PAT

₹ 49 Crs.

as compared to ₹53 Crs. in 9M FY22 (Y-o-Y 29%)

as compared to ₹ 38 Crs. in 9M FY22 (Y-o-Y 28%)

PBT

₹ 27 Crs.

as compared to ₹22 Crs. in Q3 FY22 (Y-o- Y 25%)

PAT

₹ 20 Crs.

as compared to ₹ 15 Crs. in Q3 FY22 (Y-o-Y 32%)

KEY HIGHLIGHTS - Standalone

 Strong performance in 9M FY 22-23 despite various challenges faced during the period. Total Income stood at ₹1808 Crs.

registering an impressive growth of 32% over 9M FY 21-22

FINANCIAL HIGHLIGHTS – 9M & Q3 FY 2022-23

Total Income - 9M

₹ 1808 Crs.

as compared to ₹ 1372 Crs. in 9M FY22 (Y-o-Y 32%)

PBT

₹ 81 Crs.

as compared to ₹57 Crs. in 9M FY22 (Y-o-Y 41%)

EBITDA

₹ 159 Crs.

as compared to ₹ 118 Crs. in 9M FY22 (Y-o-Y 35%)

Total Income - Q3

₹ 602 Crs.

as compared to ₹ 515 Crs. in Q3 FY22 (Y-o-Y 17%)

EBITDA

₹ 62 Crs.

as compared to ₹ 45 Crs. in Q3 FY22 (Y-o-Y 36%)

PAT

₹ 59 Crs.

PBT

₹ 37 Crs.

PAT

₹ 27 Crs.

as compared to ₹ 41 Crs. in 9M FY22 (Y-o-Y 44%)

as compared to ₹24 Crs. in Q3 FY22 (Y-o-Y 51%)

as compared to ₹ 16 Crs. in Q3 FY22 (Y-o-Y 63%)

GLOBAL & DOMESTIC PRESENCE

Strategically Located Plants across all major auto hubs

Overseas: 4 Plants

India: 41 Plants

R&D

R&D Centre: 01

CO Corporate Office

India: 41

Haryana

Tamil Nadu

Karnataka

Himachal

Rajasthan

Maharashtra

Gujarat

Uttarakhand

Overseas: 4

Spain

Poland

Mexico

Romania

TC & JVs

South Korea

Japan

Taiwan

Sandhar’s EV Readiness and Product Profile

Company’s Overseas operations are already catering to 4W EV’s.

has Company already started supplying various products to major EV OE’s

EV Readiness

Detailed Product Profile and Customers follows in Next Slide

Sandhar has largely geared up a play to dominant role in the EV transition.

Company is aggressively working in EV developing Power Train products

Sandhar’s Present Product Profile Compatible with EV’s

PROPRIETARY- AUTOMOTIVES- 28%

SHEET METAL & ALLIED- 21%

CASTING, MOULDING, TOOLING – (Domestic – 11% & Overseas – 13%)

CABINS & FABRICATION-14%

Others – 13%

Proprietary Business: Locking Systems I Rear View Mirrors I Door Handles I Latches & Hinges I Relays & Flashers I Painting of Plastic Parts

Sheet Metal & Allied Business: Sheet Metal & Tubular Parts I Handle Bar and Wheel Assemblies I Wheel Rims, Alloy Wheels and Spokes I Fenders & Mufflers I Clutch Assembly I Fabricated parts.

CMT Business: Zinc Die Casting Parts I Non Ferrous Metal –Stamping I Injection Moulded Plastic Parts & Aluminum Die Casting.

Cabins & Fabrication Business: Operator Cabins for Excavator I Backhoe Loader I Wheel Loader I Motor Grader I Dozer I Compactor I Canopies I Doors I Floor Plates I Buckets I Shovels I Guards I Hyd. & Fuel Tanks.

Products: New Products Developed- Compatible for both EV & Non-EV Vehicles

Electronic Steering Column Lock

Ambient Air Pressure Sensor

OFF/ LOCK Indication for Key

Foldable Key

e-PCV

Vehicle Location & Security System (VLSS)

Tyre Pressure Monitoring Sensor (TPMS)

CBS for Motorcycles

Roll Over Valve

USB Charger

Mobile Holder with Charger

Detent Foldable Mirror

Mirror with Turn Indicator

Keyless Smart Lock

4 in 1 Lock

Shutter Lock

Seat Latch Actuator

Products Supplied to EVs

2 Wheelers

450 X

Zeal

Magnus

D15

I Qube

Booma Innovative

Anav 1200

Products

Smart Lock

Seat Latch

Flap door Lock

4 in1 lock

Plastic Components

Mirror Assembly

Ignition Lock

Seat Lock

Cam Seat Lock

Products Supplied to EVs

Commercial Vehicles

Alfa E mini

Treo Yari

Treo Zor

ACE EV

Products

Mirror Assembly

Key-set Assembly

Expected Timeline of EV Specific Products (Power Train)

Product

Motor Controller (1KW, 2KW, 4KW)

DC DC Converter Isolated/Non Isolated (10A, 15A, 20A)

EV Charger (750 W, 1.0 KW, 1.5 KW)

Development Status

Proto Readiness

Performance Validation

Product Validation

iCAT approval

Ready

In- Process

Mar’23 – Apr’23 Mar’23 – Apr’23

Ready

Done

In - Process

Jan’23 - Mar’23 *South based Customer Approval Received

Jan’23- Jul’23

Feb’23-Aug’23

May’23-Nov’23

Hub Motor

Done

Mid Drive Motor

On Hold After Design Phase

Exploring other Equivalent Technology for Cost Effectiveness

Battery Management System

In this product New Govt. Regulation has come to Address the issue of EV Catching Power. We need to Re-think on the design requirement; can be taken up later on.

Segment wise Revenue* Share (₹ 2,144 Crs.)

YTD Dec 22

Share in %

Overall

2,144

YTD Dec 21

1,640

Share in %

Growth

30%

1,216

57%

899

55%

35%

416

19%

350

21%

19%

OHV

331

15%

261

16%

27%

* Others Include 3W sales YTD Dec’22 16 Crs. Vs YTD Dec’21 9.75 Crs. Segment wise Revenue* Share (₹ 723 Crs.)

32%

Others*

132

40%

Overall

Q3 FY- 22-23

723

Share in %

Q3 FY- 21-22

614

Share in %

Growth

18%

397

55%

330

54%

20%

140

19%

120

20%

17%

OHV

123

17%

101

16%

22%

Others

-2%

* Others Include 3W sales Q3 FY 22-23 5.56 Crs. Vs Q3 FY 21-22 3.36 Crs.

*Revenue from operations excluding other income.

Product Wise Revenue Share (%) YTD Dec'22

YTD Dec'22

YTD Dec'21

20%

14%

15%

13%

14%

13%

11%

Locking Systems

Vision Systems

Cabins & Fabrication

Sheet Metal

ADC - Overseas

ADC - Domestic

Assemblies Others

Product Wise Revenue Share (%) Q3 - FY 22-23

Q3 - FY 22-23

Q3 - FY 21-22

21%

19%

16%

15%

13%

12%

13%

12%

15%

14%

10%

Locking Systems

Vision Systems

Cabins & Fabrication

Sheet Metal

ADC - Overseas

ADC - Domestic

Assemblies Others

FINANCIAL INFORMATION & RECENT UPDATES

9M-FY 23 Financial Snapshot

Consolidated

(fig. in ₹ Crs.)

Standalone

31%

27%

32%

35%

29%

28%

41%

44%

 Includes initial one time cost for New Projects in 9M- FY 23 ₹ 26.36 Crs.  EBT without including above cost for new projects is ₹ 94.92 Crs. being 4.41%.

 Includes initial one time cost for New Projects in 9M- FY 23 ₹ 5.23 Crs.  EBT without including above cost for new projects is ₹ 86.18 Crs. being 4.77%.

Q3-FY 23 Financial Snapshot

Consolidated

(fig. in ₹ Crs.)

Standalone

GR Vs LY 18%

GR Vs Q2

GR Vs LY 26%

GR Vs Q2 8%

GR Vs LY 17%

GR Vs Q2

GR Vs LY 36%

GR Vs Q2 21%

GR Vs LY 25%

GR Vs Q2 19%

GR Vs LY 32%

GR Vs Q2 21%

GR Vs LY 51%

GR Vs Q2 63%

GR Vs LY 63%

GR Vs Q2 61 %

Profit & Loss Statement – Consolidated

(fig. in ₹ Crs)

Particulars Total Income Expenses Cost of materials Labour cost Personnel expenses Other expenses Total expenses EBITDA EBITDA % Finance costs Interest on lease liabilities Depreciation

Profit before exceptional item, share of loss in joint ventures and tax

PBT % Exceptional item** Losses from JV Profit after exceptional item, share of loss in joint ventures before tax* Tax Expenses Net profit Net Profit % Other comprehensive income Total comprehensive income Comprehensive Income % Cash Profit Earnings Per Share (EPS)*** Cash Earning Per Share (CEPS)***

Q3 FY 23 Q3 FY 22 613.15 724.73

YoY (%) 18.2%

Q2 FY 23 QoQ (%) -3.2% 748.77

9M FY23 2150.30

9M FY22 1645.19

YoY(%) 31%

FY 22 2330.68

445.80 57.61 39.41 114.18 657.01 67.73 9.3% 8.41 1.00 31.07

381.07 44.83 33.94 99.58 559.43 53.72 8.8% 3.21 0.92 24.92

17.0% 28.5% 16.1% 14.7% 17.4% 26.1% 0.6% 161.8% 9.4% 24.7%

480.37 56.04 41.03 108.67 686.11 62.66 8.4% 7.29 0.98 29.07

27.24

24.68

10.4%

25.32

4% 0.00 0.16

27.08

7.33 19.76 2.7% 2.58 22.33 3.1% 52.73 3.28 8.76

4% - 3.09

-0.3%

-94.8%

21.59

25.5%

6.67 14.92 2.4% 6.64 21.56 3.5% 41.86 2.17 6.96

9.8% 32.4% 0.3% -61.2% 3.6% -0.4% 26.0% 50.8% 26.0%

3.38% 1.10 1.50

22.71

6.35 16.37 2.2% -0.03 16.34 2.2% 47.34 2.72 7.87

-7.2% 2.8% -3.9% 5.1% -4.2% 8.1% 1.0% 15.4% 2.0% 6.9%

7.6%

0.4%

-89.3%

1351.80 166.18 118.52 325.85 1962.36 187.94 8.7% 21.76 3.04 88.98

74.16

3.4% 1.10 4.50

19.2%

68.56

15.5% 20.7% 0.5% 100.0% 36.7% 0.9% 11.4% 20.6% 11.4%

19.72 48.84 2.3% 2.17 51.01 2.4% 143.49 8.11 23.84

984.25 131.04 100.44 281.04 1496.77 148.42 9.0% 8.84 2.75 73.47

63.37

3.9% - 10.37

52.99

14.75 38.24 2.3% 5.44 43.68 2.7% 117.30 6.05 19.49

37% 27% 18% 16% 31% 27% -0.3% 146% 10% 21%

17%

-0.4%

-57%

29%

34% 28% -0.1% -60.1% 17% -0.3% 22% 34% 22%

1415.84 182.00 136.37 383.47 2117.67 213.01 9.1% 13.74 3.97 100.03

95.27

4.1% 1.11 12.72

81.44

25.51 55.93 2.4% 4.90 60.83 2.6% 176.11 9.29 29.26

* Includes initial one time cost for New Projects in 9M- FY 23 ₹ 26.36 Crs. EBT without including these cost for new projects is ₹ 94.92 Crs. being 4.41%. ** An impairment charge of ₹ 1.10 Crs towards investment made in Sandhar Whetron Pvt. Ltd. *** Not Annualized

Profit & Loss Statement – Standalone (fig. in ₹ Crs)

Particulars Total Income Expenses Cost of materials Labour cost Personnel expenses Other expenses Total expenses EBITDA EBITDA % Finance costs Interest on lease liabilities Depreciation Profit before exceptional item and tax PBT % Exceptional item** Profit after exceptional item and before tax* PBT % Tax Expenses Net profit Net Profit % Other comprehensive income Total comprehensive income Comprehensive Income % Cash Profit Earnings Per Share (EPS)*** Cash Earning Per Share (CEPS)***

Q3 FY 23 Q3 FY 22 515.14 602.39

YoY (%) Q2 FY 23 QoQ (%) -5.0% 634.03 16.9%

9M FY23 1808.38

9M FY22 1372.23

YoY(%) 32%

FY 22 1946.17

399.88 44.44 24.86 71.60 540.77 61.62 10.2% 3.71 0.33 20.86 36.72 6.1% - 36.72 6.1% 9.96 26.76 4.4% -0.53 26.23 4.4% 47.62 4.44 7.91

349.80 40.57 19.95 59.64 469.96 45.17 8.8% 1.79 0.41 18.64 24.33 4.7% - 24.33 4.7% 7.87 16.46 3.2% -0.35 16.11 3.1% 35.10 2.73 5.83

14.3% 9.5% 24.6% 20.0% 15.1% 36.4% 1.5% 106.7% -19.3% 11.9% 51.0% 1.4%

51.0% 1.4% 26.5% 62.6% 1.2% -52% 62.9% 1.2% 35.7% 62.4% 35.7%

439.97 45.12 27.11 70.96 583.15 50.87 8.0% 3.82 0.34 21.09 25.61 4.0% 3.04 22.57 3.6% 5.95 16.62 2.6% 0.05 16.67 2.6% 37.71 2.77 6.26

-9.1% -1.5% -8.3% 0.9% -7.3% 21.1% 2.2% -3.1% -3.8% -1.1% 43.4% 2.1%

62.7% 2.5% 67.4% 61.0% 1.8% -1097% 57.3% 1.7% 26.3% 60.6% 26.3%

1232.75 131.42 77.44 207.50 1649.10 159.29 8.8% 10.78 1.03 63.48 84.00 4.6% 3.04 80.95 4.5% 21.77 59.18 3.3% -1.14 58.04 3.2% 122.66 9.83 20.38

914.69 104.82 66.96 168.19 1254.66 117.57 8.57% 4.67 1.21 54.35 57.34 4.18% - 57.34 4.2% 16.21 41.14 3.0% -1.47 39.67 2.89% 95.49 6.83 15.86

35% 25% 16% 23% 31% 35% 0.2% 131% -15% 17% 46% 0.5%

41% 0.3% 34% 44% 0.3% 23% 46% 0.32% 28% 44% 28%

1308.71 144.10 90.06 232.18 1775.06 171.11 8.8% 7.70 1.73 74.26 87.42 4.5% 1.10 86.32 4.4% 24.89 61.43 3.2% -2.20 59.22 3.0% 135.69 10.21 22.54

* Includes initial one time cost for New Projects in 9M- FY 23 ₹ 5.23 Crs. EBT without including these cost for new projects is ₹ 86.18 Crs. being 4.77%. ** An impairment charge of ₹ 3.04 Crs towards investment made in Sandhar Whetron Pvt. Ltd. *** Not Annualized

Subsidiaries Performance

(fig in ₹ Crs.)

39%

255%

Entity Sandhar Barcelona Sandhar Tooling Sandhar Automotive Systems Sandhar Engineering Total Revenue

12% 26%

9M FY 23 9M FY 22 Growth 265.71 8.09 - - 273.80

298.62 10.22 48.31 24.10 381.24

39%

Entity Sandhar Barcelona Sandhar Tooling Sandhar Automotive Systems Sandhar Engineering Total EBITDA

-5% 33%

9M FY 23 9M FY 22 Growth 29.47 1.73 - - 31.20

28.10 2.30 2.81 (4.32) 28.89

-7%

Entity Sandhar Barcelona* Sandhar Tooling Sandhar Automotive Systems Sandhar Engineering** Total EBT

* Down due to one time initial commissioning and development cost of new projects amounting to ₹ 7.65 Crs. ** Down due to one time initial commissioning and development cost of new projects amounting to ₹ 13.32 Crs.

9M FY 23 9M FY 22 Growth -85% 5570%

0.94 1.22 1.47 (13.32) (9.69)

6.23 0.02 - - 6.25

-255%

Status of New Projects as on 31st December 2022

S. No.

Name of Company

Location

Business Division

SOP

Land & Building Status

Domestic

Products

Project Status

Sandhar Technologies Limited Nalagarh, (HP)

Jan-22

Leased

Muffler and frame for two wheelers

Halol, (Guj)

May-22

Leased

Guard Saree, Chain case and fender

Dispatches started on 27th January 2022 Dispatches started on 2nd May 2022 - Phase I, Phase II - 5 Acres Land has been alloted and construction will start soon

Sandhar Engineering Private Limited

Hosur, (TN)

Sheet Metal

Sep-22

Leased

Muffler and frame for two wheelers

Dispatches started on 8th September 2022

Mysore, (KTK)

Mar-23

Owned

Muffler, frame for two wheelers and fuel tank.

Construction is in progress

Sandhar Technologies Limited Pathredi, (Raj)

Proprietory (SMT)

Jan-23

Existing

Smart Handle, Parking Sensor, Shark Fin Antenna, USB Charger, Electric Steering Lock

Sandhar Auto Castings Private Limited

Hosur(TN) & Mysore(KTK)

Machining for Casting

SMT - Mar-23 SMK - Jan-23

Leased

Overseas

Machining and Painting of Aluminum Die Casting Parts on Job Work Route (Crankcase Casting R & L, Cover Clutch, Hub Comp Rear Wheel Casting, Cover Variator Casting, Cover Magneto Casting & Cover Clutch Casting etc)

1. Machine Installation and testing completed 2. DAN 0 event parts sent to honda car and approved 3. Production has been started from 15-Jan- 2023.

Hosur (SMT) - Machinery installation is in progress and production will be started in Mar-23 Mysore (SMK) - Partially started operations from 25th Jan-23

Sandhar Technologies Ro SRL Romania, Spain

Aluminium Die Casting

Dec-22

Owned

Supports, Brackets and Pivots.

First invoice issued On the 27th December 2022.

Sandhar Engineering Private Limited- Attibele Project

Plant Inside View

Products

Muffler

Frame

Dispatches started

Building 3D View

Sandhar Engineering Private Limited- Mysore Project

Products

Muffler

Fuel Tank

Swing Arm

Frame

SOP:- Mar-23

Sandhar Engineering - Mysore Project - Construction

SOP:- Mar-23

Surface Mount Technology (SMT Line) Project

Inauguration Ceremony

Product Printed Circuit Board Assembly (PCBA)

PCBA-Applications

Smart Handle

Shark Fin Antenna

Parking Sensor

Electric Steering Lock

USB Charger

SOP:- Jan-23 - Production has been started from 15-Jan-2023

Machining Project (fig in ₹ Crs)

Highlights / New Developments

Mysore – Project

•

Secured new business of Machining for Castings from TVSM on Job Work Basis. 1st Year business value is expected to be ₹ 77 Crs with an assured margin (EBT) of 8 %. The project will have a capital outlay of ₹ 75 Crs (estimated) in form of Plant & Machinery & Other Assets Expected EBITDA is 27.27% (based on 1st Year’s Revenue Estimates). Expected ROCE is 15%. (based on 1st Year’s Revenue Estimates). Both Manufacturing facilities at rented premises.

Hosur – Project

SOP:- Mysore – Production started from 25th Jan 2023 Hosur – Production will start from Mar-23

Romania Project

Status – First Invoice issued on the 27th December 2022

Major Products

Supports

Brackets

Pivots

THANK YOU

Sandhar Technologies Limited Corporate Office: Plot No. 13, Sector 44, Gurugram-122001, Haryana- India CIN: L74999DL1987PLC029553 Website: www.sandhargroup.com Email: investors@sandhar.in (For Retail Investors) Investor.relations@sandhar.in (For Institutional investors)

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