SANDHARNSE26 May 2023

Sandhar Technologies Limited has informed the Exchange about Investor Presentation

Sandhar Technologies Limited

Ref: STL/SE/2023-2024/Regulation 30/12

Dated: 26th May, 2023

To, Department of Corporate Services, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001

To, Listing Department, National Stock Exchange of India Limited C-1, G-Block, Bandra-Kurla Complex Bandra, (E), Mumbai – 400 0051

BSE Code: 541163; NSE: SANDHAR

Sub: Intimation to Stock Exchange - Investor Presentation in connection with Audited Standalone & Consolidated Financial Results for the Quarter and Year ended on the 31st March, 2023

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 Audited Standalone & Consolidated Financial Results for the Quarter and Year ended on the 31st March, 2023.

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

Kindly take the above on your 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 Q4 FY’23 & 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 - FY 2022-23 (fig. in ₹ Crs.) Consolidated

TOTAL INCOME

25%

2,921

2,331

EBITDA

EBT

PAT

23%

32%

262

100

213

9.0%

9.1%

3.4%

3.5%

2.5%

2.4%

FY 22-23

FY 21-22

FY 22-23

FY 21-22

FY 22-23

FY 21-22

FY 22-23

FY 21-22

Standalone

TOTAL INCOME

EBITDA

EBT

PAT

24%

27%

32%

36%

240 210 180 150 120 90 60 30 -

217

171

9.0%

8.8%

120

105

114

4.7%

4.4%

10.0%

90 80 70 60 50 40

30 20 10 0 0.0%

3.5%

3.2%

FY 22-23

FY 21-22

FY 22-23

FY 21-22

FY 22-23

FY 21-22

10%

Key Highlights – Q4, FY’23 (fig. in ₹ Crs.) Consolidated

TOTAL INCOME

12%

EBITDA

EBT

PAT

14%

12%

40%

Standalone

TOTAL INCOME

EBITDA

EBT

PAT

14%

21%

Category & Product wise Revenue - FY 22-23 & Q4, FY'23

Category wise Revenue* Share (₹ 2,909 Crs.)

Product Wise Revenue Share (%)

Overall

FY 2022-23

2,909

Share in %

FY 2021-22

2,324

Share in %

Growth

25%

1,615

56%

1,258

54%

28%

588

20%

490

21%

20%

OHV

465

16%

382

16%

22%

23%

Others*

173

139

25%

* Others Include 3W sales YTD Mar’23 19 Crs. Vs YTD Mar’22 16 Crs. Category wise Revenue* Share (₹ 765 Crs.)

Overall

Q4 FY- 22-23

765

Share in %

Q4 FY- 21-22

684

Share in %

Growth

12%

399

52%

359

53%

11%

172

22%

141

21%

22%

OHV

134

18%

121

18%

11%

Others*

-7%

* Others Include 3W sales Q4 FY 22-23 3.10 Crs. Vs Q4 FY 21-22 5.97 Crs.

*Revenue from operations excluding other income.

19.2%

19.4%

14.9%

15.2%

12.5%

12.3%

13.5%

14.2%

13.7%

13.6%

7.6%

7.9%

10.5%

9.2%

8.1%

8.2%

Locking Systems

Vision Systems

Cabins & Fabrication

Sheet Metal

ADC - Overseas

ADC - Domestic

Assemblies Others

Product Wise Revenue Share (%)

18.6%

16.8%

16.5%

16.9%

15.3%

14.7%

10.8%

11.2%

9.8%

10.0%

8.3%

7.7%

7.1%

7.6%

16.0%

12.7%

Locking Systems

Vision Systems

Cabins & Fabrication

Sheet Metal

ADC - Overseas

ADC - Domestic

Assemblies Others

FINANCIAL INFORMATION & RECENT UPDATES

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 (EBT)

Exceptional item Profit/(Losses) from JV Profit after exceptional item, share of loss in joint ventures before tax EBT % 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)

Q4 FY 23 Q4 FY 22 685.49 771.10

YoY (%) 12.5%

Q3 FY 23 QoQ (%) 724.73

6.4%

FY 22-23 2921.40

FY 21-22 2330.68

YoY(%) 25%

475.07 58.73 41.18 122.49 697.46 73.64 9.5% 9.58 1.40 32.54

431.59 50.96 35.93 102.43 620.91 64.59 9.4% 4.89 1.22 26.57

10.1% 15.2% 14.6% 19.6% 12.3% 14.0% 0.1% 95.7% 14.3% 22.5%

445.80 57.61 39.41 114.18 657.01 67.73 9.3% 8.41 1.00 31.07

6.6% 1.9% 4.5% 7.3% 6.2% 8.7% 0.2% 13.9% 39.4% 4.7%

1826.87 224.91 159.69 448.34 2659.82 261.58 9.0% 31.34 4.44 121.52

1415.84 182.00 136.37 383.47 2117.67 213.01 9.1% 13.74 3.97 100.03

29% 24% 17% 17% 26% 23% -0.2% 128% 12% 21%

30.12

31.90

-5.6%

27.24

10.5%

104.28

95.27

0.00 1.69

31.81

4.1% 7.09 24.72 3.2% -0.06 24.65 3.2% 59.15 4.11 9.83

1.11 -2.34

172.1%

28.45

11.8%

4.2% 10.76 17.69 2.6% -0.54 17.15 2.5% 46.12 3.24 7.66

0.0% -34.1% 39.8% 0.6% -88.6% 43.8% 0.7% 28.2% 26.9% 28.2%

0.00 -0.16

27.08

3.7% 7.33 19.76 2.7% 2.58 22.33 3.1% 52.73 3.28 8.76

1155.3%

1.10 -2.81

17.4%

100.36

0.4% -3.2% 25.1% 0.5% 100.0% 10.4% 0.1% 12.2% 25.3% 12.2%

3.4% 26.81 73.56 2.5% 2.11 75.67 2.6% 202.64 12.22 33.67

1.11 -12.72

81.44

3.5% 25.51 55.93 2.4% 4.90 60.83 2.6% 163.42 9.29 27.15

78%

23%

-0.1% 5% 32% 0.1% -57.0% 24% 0.0% 24% 32% 24%

-0.2%

FY 21-22 1946.17

FY 22-23 2409.76

Q4 FY 23 Q4 FY 22 573.93 601.38

YoY (%) Q3 FY 23 QoQ (%) 602.39 4.8%

2.9% 9.4% 5.0% 11.1% 4.5% 7.7% 0.3% 7.1% -13.2% 5.3% 9.7%

1.4% -3.3% -2.4% -0.7% 0.5% -6.4% -0.6% -12.3% 35.7% 0.5% -10.1%

405.42 42.96 24.26 71.08 543.72 57.66 9.6% 3.25 0.45 20.96 33.00 -

394.03 39.28 23.10 63.99 520.39 53.54 9.3% 3.03 0.52 19.91 30.08 1.10

Profit & Loss Statement – Standalone (fig. in ₹ Crs) YoY(%) Particulars 24% 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 Exceptional item Profit after exceptional item and before tax (EBT) EBT % 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)

1308.71 144.10 90.06 232.18 1775.06 171.11 8.79% 7.70 1.73 74.26 87.42 1.10

1638.17 174.38 101.70 278.58 2192.82 216.95 9.0% 14.03 1.48 84.44 116.99 3.04

399.88 44.44 24.86 71.60 540.77 61.62 10.2% 3.71 0.33 20.86 36.72 0.00

4.4% 24.89 61.43 3.2% -2.20 59.22 3.04% 135.69 10.21 22.54

4.7% 30.17 83.78 3.5% -1.34 82.44 3.4% 168.22 13.92 27.95

-0.6% -15.7% -8.1% -0.4% 63% -7.0% -0.3% -4.3% -7.9% -4.3%

0.4% -3.3% 21.2% 0.6% 73% 24.8% 0.7% 13.3% 21.3% 13.3%

0.3% 21% 36% 0.3% 39% 39% 0.38% 24% 36% 24%

6.1% 9.96 26.76 4.4% -0.53 26.23 4.4% 47.62 4.44 7.91

5.5% 8.40 24.60 4.1% -0.20 24.40 4.1% 45.56 4.09 7.57

5.0% 8.68 20.29 3.5% -0.73 19.55 3.4% 40.20 3.37 6.68

25% 21% 13% 20% 24% 27% 0.2% 82% -14% 14% 34%

-10.1%

113.95

13.9%

36.72

86.32

28.97

33.00

32%

Balance Sheet

Particulars

Application of Funds

(fig in ₹ Crs)

Consolidated

Standalone

31-Mar-2023 31-Mar-22 31-Mar-2023 31-Mar-22

Gross Fixed assets

1,858.47 1,523.16 1,081.14 1,033.24

Less: Acc. Depreciation

571.74 453.05 415.13 342.86

Net Fixed assets with CWIP

1,286.73 1,070.11 666.01 690.38

Non-current investments

42.92 47.41 195.71 163.65

Other non-current assets

52.49 61.63 23.21 17.21

Inventories

300.45 259.70 164.97 156.30

Trade receivables

355.36 445.37 293.01 406.59

Other Current Assets

117.44 93.70 36.19 27.15

Total Application of Funds

2,155.38 1,977.92 1,379.10 1,461.29

Sources of Funds

Share capital

60.19 60.19 60.19 60.19

Reserves and surplus

860.26 798.75 868.65 799.75

Shareholders' Funds

920.45 858.94 928.84 859.94

Minority Interest

4.46 3.87 - -

Other Non-current liabilities

142.19 99.46 24.77 20.47

Long Term Secured Loans (A)

304.77 246.92 84.06 90.31

Short Term Loans (B)

242.66 274.32 36.06 153.25

Total Loans (A+B)

547.43 521.24 120.13 243.56

Current liabilities & Provisions

540.84 494.40 305.36 337.32

Total Sources of Funds

2,155.38 1,977.92 1,379.10 1,461.29

Credit Rating A1+ (ST) and AA- (LT) Affirmed till Oct 23 (India Ratings)

Consolidated

Inventory Holding Period

Standalone

Inventory Holding Period

(In Days)

Mar'23

Mar'22

Receivables collection period

Mar'23 Mar'22 Creditors holding period

Mar'23

Mar'22

Receivables collection period

Mar'23 Mar'22 Creditors holding period

Mar'23

Mar'22

Mar'23

Mar'22

Cash Flow Statement (fig in ₹ Crs)

Particulars

Consolidated

Standalone

Mar'23

Mar'22

Mar'23

Mar'22

Cash Flows from Operating Activities Profit before tax Depreciation and amortization expense Other adjustments Operating profit before working capital changes Movements in working capital: Cash generated from operations Taxes Paid Net cash inflow from operating activities ( A ) Cash Flows from Investing Activities Capital Expenditure Purchase/Investments in joint ventures / subsidiaries (Purchase) / Proceeds from Sale of investments in Joint Ventures Other Reciepts Net cash used in investing activities ( B ) Cash Flows from Financing Activities Borrowings Proceeds /(Repayments) Payment of lease liabilities including lease interest Dividend Paid Interest paid Net cash flow used in financing activities ( C ) Foreign currency translation gain Net increase/(decrease) (A+B+C) Opening Cash Balance Cash and equivalents at the end of the year

in cash and cash equivalents

100.36 121.52 34.33 256.22 78.76 334.98 27.08 307.90

(256.34) (0.00) 0.73 8.07 (247.54)

26.94 (19.66) (13.57) (30.60) (36.89) (21.06)

23.47

4.10 6.51

81.44 100.03 28.68 210.16 (141.98) 68.18 19.55 48.62

(297.03) (15.24) - 1.04 (311.23)

295.38 (16.09) (6.08) (13.50) 259.70 1.03

(2.90)

5.97 4.10

113.95 84.44 13.20 211.59 61.34 272.93 26.32 246.61

(60.19) (35.75) 0.73 8.19 (87.02)

(123.43) (9.38) (13.54) (13.34) (159.70) -

86.32 74.26 8.02 168.60 (131.55) 37.05 19.19 17.86

(143.48) (50.24) - 2.22 (191.49)

194.66 (8.72) (6.02) (6.93) 172.99 -

(0.11)

(0.63)

0.24 0.13

0.87 0.24

Key Ratios* – Standalone – FY 2022-23

* Calculated as per the CARO Requirement Prescribed for annual reporting.

Sandhar’s EV Readiness and Product Profile

EV Products Under Development

DC-DC Converter

MCU

Off Board Charger

DC-DC Converter • Range: 5A, 10A, 15A, 20A • Non-isolated / Isolated •

Protections : I/P under & over voltage, O/P over current & short circuit, Reverse Polarity

• Auto Recovery from faults . •

IP67 compliant

Motor Controller Unit (MCU) • Range: 1kW, 1.5kW, 2kW, 4kW,

6kW

• Suitable for: 2W, 3W & up to L5 • Efficiency: > 98% • Compactible to- BLDC, PMS & Induction Motor / with both hall sensor and encoder

Off Board Charger • Range: 750W, 1.25 kW, 3.3 kW • Max Charging Current: 12A,

25A & 55A

• Nominal Charging Voltage: 52V • Efficiency: > 94% • Compactible to- Both NMC &

LFP Cell

Product Road Map – DC-DC Converter

55A & 65A @ 48V – 96V (Non-Isolated & Isolated)

1. 25A & 30 A @ 48V – 96V (Non-Isolated & Isolated) 2. Microcontroller Based with CAN

25A & 30 A (Non-Isolated & Isolated)

10A (Non-Isolated

10A & 15 A ( Isolated)

Product Road Map – Motor Controller

50KW to 80KW @ 360V,650V

9KW & 16KW @ 72V, 96V & 144V & Sensor Less MCU

90KW to 160KW @ 360V to 850V

22KW & 30KW @ 96V, 144V

4KW & 6KW @ 96V & Inbuilt DC – DC Convertor 12V / 5A

6KW & 9KW @ 96V

Product Road Map – Battery Charger

3300 W @ 48V-72V OFF Board & On Board Charger

DC fast Charger 1250 W @ 48V & 72 V OFF Board & On Board Charger

750 W @ 48V & 72V OFF Board Battery Charger

900 W @ 48V – 72 V OFF Board Battery Charger

Products Supplying 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 Supplying to EVs

Commercial Vehicles

Alfa E mini

Treo Yari

Treo Zor

ACE EV

Products

Mirror Assembly

Key-set Assembly

Status of New Projects

Status of New Projects as on 31st March 2023

S. No.

Name of Company

Location

Business Division

Status

Land & Building Status

Products

Sandhar Technologies Limited Nalagarh, (HP)

Leased

Muffler and frame for two wheelers

Sandhar Engineering Private Limited

Halol, (Guj)

Sheet Metal

Attibele, (Ktk)

Leased

Guard Saree, Chain case and fender

Leased

Muffler and frame for two wheelers

Sandhar Technologies Limited Pathredi, (Raj)

Proprietory (SMT)

In Production

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

Sandhar Technologies Ro SRL Romania, Spain

Aluminium Die Casting

Sandhar Engineering Private Limited

Mysore, (KTK)

Sheet Metal

June-23 Construction is in Progress

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)

Supports, Brackets and Pivots.

Muffler, frame for two wheelers and fuel tank.

Leased

Owned

Building 3D View

Sandhar Engineering Mysore – Sheet Metal Project

Products

Muffler

Fuel Tank

Swing Arm

Frame

SOP:- June-23

Sandhar Engineering Mysore – Sheet Metal Project

SOP:- June-23

Machining Project – Mysore

Machining Project – Hosur

Sandhar Engineering Attibele – Sheet Metal Project

Plant Inside View

Products

Muffler

Frame

Dispatches started

Romania Project

Status – SOP - 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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