WELENTNSE1 August 2023

Welspun Enterprises Limited has informed the Exchange about Investor Presentation

Welspun Enterprises Limited

WEL/SEC/2023

August 01, 2023

To, BSE Limited 1st Floor, Rotunda Bldg, Dalal Street, Fort, Mumbai - 400 001. Scrip Code: 532553

Dear Madam/ Sir,

National Stock Exchange of India Limited Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051. NSE Symbol: WELENT

Subject: Investor Presentation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Further to our letter dated July 27, 2023 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached Investor Presentation. The same is uploaded on the website of the Company.

Please take the same on record.

Thanking you.

For Welspun Enterprises Limited

Nidhi Tanna Company Secretary ACS - 30465

WELSPUN ENTERPRISES LIMITED

Q1FY24 Investor Presentation 1st August 2023

BSE: 532553 | NSE: WELENT |ISIN: INE625G01013

Safe Harbor

The information contained in this presentation is provided by Welspun Enterprises Limited (the “Company”). Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is subject to change without notice, its accuracy, fairness or completeness is not guaranteed and has not been independently verified and no express or implied warranty is made thereto. You must make your own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent investigation as you may consider necessary or appropriate for such purpose. Neither the Company nor any of its directors assume any responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information or opinions contained herein. Neither the Company nor any of its directors, officers, employees or affiliates nor any other person accepts any liability (in negligence, or otherwise) whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection therewith. The statements contained in this document speak only as at the date as of which they are made, and the Company expressly disclaims any obligation or undertaking to supplement, amend or disseminate any updates or revisions to any statements contained herein to reflect any change in events, conditions or circumstances on which any such statements are based. By preparing this presentation, none of the Company, its management, and their respective advisers undertakes any obligation to provide the recipient with access to any additional information or to update this presentation or any additional information or to correct any inaccuracies in any such information which may become apparent. This document is for informational purposes and does not constitute or form part of a prospectus, a statement in lieu of a prospectus, an offering circular, offering memorandum, an advertisement, and should not be construed as an offer to sell or issue or the solicitation of an offer or an offer document to buy or acquire or sell securities of the Company or any of its subsidiaries or affiliates under the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, both as amended, or any applicable law in India or as an inducement to enter into investment activity. No part of this document should be considered as a recommendation that any investor should subscribe to or purchase securities of the Company or any of its subsidiaries or affiliates and should not form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. This document is not financial, legal, tax, investment or other product advice. This presentation contains statements of future expectations and other forward-looking statements which involve risks and uncertainties. These statements include descriptions regarding the intent, belief or current expectations of the Company or its officers with respect to the consolidated results of operations and financial condition, and future events and plans of the Company. These statements can be recognized by the use of words such as “expects,” “plans,” “will,” “estimates,” or words of similar meaning. Such forward-looking statements are not guarantees of future performance and actual results, performances or events may differ from those in the forward-looking statements as a result of various factors and assumptions. You are cautioned not to place undue reliance on these forward looking statements, which are based on the current view of the management of the Company on future events. No assurance can be given that future events will occur, or that assumptions are correct. The Company does not assume any responsibility to amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise. Any reference herein to "the Company" shall mean Welspun Enterprises Limited, together with its consolidated subsidiaries.

Welspun Enterprises At a glance

PAN INDIA PRESENCE

Across UP, Bihar,

Tamil Nadu, Haryana, Maharashtra, Uttarakhand and more…

DIVERSIFIED PORTFOLIO Across Road, Water and Wastewater Verticals

ASSET LIGHT MODEL

Operational excellence through complex engineering solutions, core project management expertise and selective executing partners.

STRONG EXECUTION

Demonstrated execution with Record completion time of 19 months (vs. 30 months) of Delhi – Meerut Expressway

~53 % Revenue

CAGR

(FY2017-23)

CURRENT PROJECT MIX #

Among India’s fastest growing infrastructure development companies

HAM - 2 EPC – 3 BOT - 1

Highway Portfolio Monetization

~₹ 60,000 Mn Enterprise Value

#After divestment of 6 road assets

₹ 96 Bn*

Robust Order Book

Focused on execution

New order flows to be consistent with premium returns expectations

* As on June 30th, 2023 and Including Rs18,000 mnfor O&M & asset replacement in MCGM STP project.

ADVANTAGE WEL

Creating Value through a Clear Strategy

Bid for selective projects

 Higher engineering complexity  Selective operating partners - Better EPC

margin

 Flexible on development (HAM/BOT) or

EPC

Deploy right mix of contractors & support them for seamless execution

 Reduce execution risk  Minimal investment in Plant &

Machinery

Project Management

 Efficient monitoring through

various digital initiatives - optimize cost and execution timeline

Continuous Diversification

Asset Monetization

Stabilize Project

 Ensure P&L supports new business

creation

 Focus on Road and Water &

Wastewater segments

 Exploring high potential sub-

segments

 Monetize completed assets and recycle capital base on value- accretive basis.

 Ensure steady capital availability

for further growth.

 Efficient Stabilize the project and ensure creation of a platform for lifecycle cashflows

Through an experienced Management

Sandeep Garg

Lalit Jain

Neeraj Gupta

Yogen Lal

Rajesh Jain

Managing Director

Chief Financial Officer

Vertical Head (Roads)

Vertical Head (Water)

Chief Human Resource Officer

 Harvard graduate with

 ICWA: Costing &

~40 years of experience in diverse roles in infrastructure and oil & gas sectors

 Member of the Board

Accounting & ICAI: Accounting & Finance

 28+ years experience

in Commercial, Accounts, Finance & Indirect Taxation

 24+ years of experience in Infrastructure operations including National Highways (in OSE), Township Projects

 Has completed more

than Rs. 200 bn worth of projects

 Civil engineer with

 MBA (HR) and B.E.

33+ years experience in infrastructure

 Extensive experience

across various verticals in the field of infrastructure such as buildings, irrigation, underground metros and water

(Electronics)

 30+ years of diverse experience across sectors such as Infrastructure, Office, Automation, Electrical Service & manufacturing, Renewable Energy, and Financial Services

Proven track record

~570 km

Experience of operating ~570 km of Toll projects

₹ 39,000+ Mn ~65 km

Robust road portfolio

Capability to execute complex projects WEL has demonstrated high level of operational excellence with the execution of several complex projects.

Key projects :

 Mukarba Chowk – Panipat  Chikhali-Tarsod  Gagalheri-Saharanpur-Yamunanagar  Chutmalpur-Ganeshpur & Roorkee-Chutmalpur-Gagalheri  Maharashtra Amravati - Package no. AM 2

Delhi Meerut Expressway

Welspun Enterprises’ completed portfolio includes the Delhi–Meerut Expressway / National Expressway 3 which was featured as an Engineering Marvel of India

 India’s FIRST 14-Lane Expressway

 India’s FIRST Green Expressway

 Received the “Gold Award” in the

excellence in Project Management from MORTH

 India’s FIRST HAM project to be awarded AAA (SO) credit rating

 India’s FIRST HAM project to receive

annuity

₹ 271 Mn

19 Months

Early completion bonus from NHAI

Record

completion time

 India’s FIRST HAM project to be re-

financed post completion

 India’s FIRST Completed HAM project

(332 Days ahead of schedule)

Engineering Marvel of India Featured on History Channel

Engineering Marvels: Extreme Connects Watch Video

Awards, Accreditation & Accolades

Letter of appreciation by Prime Minister of India Shri Narendra Modi

ASSOCHAM Unique Project of the Year Award presented by Shri Nitin Gadkari

Appreciation by Shri Nitin Gadkari, Union Minister

“Gold award” in Excellence in Project Management under PPP mode from MoRTH

Letter of appreciation by Honorable Parliamentarian

Strong platform set for future growth

Robust portfolio of Road and Water projects

Current order book at

₹ 96 Bn* (excluding GST)

Segment Break-up

Order Book Break-up

37% R O A D

83% E X T E R N A L

63% W A T E R

C A P T I V E 17%

* As on June 30th, 2023 and Including Rs18,000 mnfor O&M & asset replacement in MCGM STP project.

Current Order Book provides strong revenue growth visibility

Trends towards Diversification

Trends in Order Book Break-up

Other EPC, 4%

Water EPC, 63%

EPC of HAM , 17%

FY17

Q1FY24

EPC of BOT, 1%

WEL Portfolio (in ₹ Mn)

96,000

90,490

39,000

EPC of HAM , 96%

Way forward

Continuous focus on both development and EPC projects

Road EPC, 19%

Development

EPC*

Development (Divested)

Continue approach of prudent bid strategy to strengthen portfolio

Water & Wastewater to be one of the key growth driver and focus area

Strategic positioning towards development (BOT & HAM) and EPC projects

Apart from NHAI, evaluate road projects of State and local agencies

* As on June 30th, 2023 and Including Rs18,000 mnfor O&M & asset replacement in MCGM STP project.

1 0

Financials

Highway Portfolio Monetization - Actis Deal

Project Name

Contract Type

Authority /Client

Status

In ₹ mn

23,090

17,150

1.5x

Delhi-Meerut Expressway (Pkg 1)

Chutmalpur-Ganeshpur

Gagalheri-Saharanpur-Yamunanagar

Chikhali-Tarsod

Maharashtra Amravati (Pkg AM 2)

HAM

NHAI

COD achieved

MH PWD

COD achieved

Mukarba Chowk – Panipat

BOT (Toll)

NHAI

PCOD achieved

Obtained all necessary regulatory and statutory approvals for First Closing and divestment of 100% stake in HAM assets and 49% stake in BOT toll assets from NHAI, PWD and lenders.

Expected Receivables

Received ₹ 1,710 mn against total consideration expected of ₹ 2,595 mn

₹ 2,690 Mn to be disbursed after achieving balance 51% equity approval from NHAI with respect to Mukarba highway project

Equity Invested (Book Value)

Proceeds from Divestment

~₹ 60,000 Mn Enterprise Value

#Excl. ~₹ 30,000 Mn Construction linked milestone / grant payments received/receivable from NHAI and PWD -Government of Maharashtra

~₹ 35,440 Mn Debt* As on the date of First Closing

*includes the undisbursed portion of ₹ 590 mn

1 2

Income Statement Snapshot - Standalone

Particulars (₹ Mn)

Q1FY24

Q1FY23

YoY %

FY23

Q4FY23

26,764

Revenue from Operations

Other Income

Total Income

EBITDA

EBITDA margin

PBT Before Exceptional Item

Exceptional Item

PBT

PAT

PAT margin

Cash PAT

6,807

287

7,095

1,320

18.6%

1,200

896

12.6%

912

6,745

164

6,908

498

165%

7.2%

1,140 bps

316

250

3.6%

273

279%

259%

902 bps

234%

Note: Cash PAT = PBDT–Current tax + Non-cash ESOP expenses | Prior figures have been restated wherever necessary.

986

27,750

3,353

12.1%

2,502

5,099

7,601

7,131

25.7%

2,082

8,240

597

8,836

1509

17.1%

1,257

368

1,625

1,376

15.6%

1,019

QoQ %

-17%

-20%

-13%

153 bps

-4%

-26%

-35%

-294 bps

-10%

1 3

Income Statement Snapshot - Consolidated

Particulars (₹ Mn)

Q1FY24

Q1FY23

YoY %

FY23

Q4FY23

QoQ %

Total Income

EBITDA

EBITDA margin

PBT Before Exceptional Item

Exceptional Item

PBT

Profit from discontinuing operations*

PAT

Cash PAT

7,500

1,567

20.9%

1,265

-8

928

984

7,155

29,016

611

157%

8.5%

1,236 bps

3,911

13.5%

9,165

1662

-18%

-6%

18.1%

275 bps

335

240

491

300

277%

2,584

1,263

4,830

7,414

416

7,260

2,198

594

1857

-141

1,424

1,039

277%

89%

228%

-32%

-35%

-5%

Note: Cash PAT = PBDT (before exceptional) –Current tax + Non-cash ESOP expenses | Prior figures have been restated wherever necessary * -Refers to projects which are being monetized

1 4

Balance Sheet Snapshot - Standalone

Balance Sheet Snapshot (₹ Mn)

30th June 2023

31st March 2023

Net worth

Gross Debt

Long Term Debt

Short Term Debt (Working Capital Loan)

Cash & Cash Equivalents#

Net Debt / (Cash)

Other Long-Term Liabilities

Mobilisation advance payable

Total Net Fixed Assets (incl. CWIP)

Net Current Assets (Excl. Cash & Cash Equivalents) (adj.)

Other Long-Term Investments and assets (adj.)

# Includes Fixed Deposits kept with banks Change in Net Debt by ~5 bn is on account of buyback worth Rs. 2,860 mn, investments of Rs. 610 mnin ongoing project and working capital of Rs. 1,352 mn

22,354

10,577

-10,577

181

6,050

1,395

7,579

9,041

24,652

2,917

18,395

-15,478

135

6,770

1,360

6,227

8,493

1 5

Industry Outlook

Industry dynamics - Roads Sector

Attractive Opportunities & Strong Policy support

Road Construction Per Day (km)

NHAI Awards and Execution (km)*

18%

16,000 Km

18% of projected infrastructure investment of ₹111 trillion in

NIP is in the Roads sector

National Highways to expand by 16,000 km in 2023-24 at a pace of 45 km per day

23 National Highways

Government aims to construct 23 new national highways by 2025

Private Sector

is expected to be largest contributor towards roads

5 4

7 3

0 3

7 2

0 3

9 2

9 7 9 , 3

0 8 3 , 3

1 1 2 3

6 0 3 6

8 1 3 6

8 8 7 4

8 1 2 , 4

5 2 3 , 4

Private Sector

18-19 19-20 20-21 21-22 22-23 23-24E

2018-19 2019-20 2020-21 2021-22 2022-23^

*Source: MoRTH(The Ministry of Road Transport and Highways) Annual Report FY 2022-23, Construction World.in

Awards

Execution

^ Data As on 31stDecember 2022

1 7

Industry dynamics - Roads Sector

₹ 600 bn

Allocated for piped water mission to extend tapped water coverage to 38 million households in 2022-23

Wastewater treatment India’s Waste Water treatment plants treat only 1/3rd of the waste water generated daily according to Central Pollution Control Board

₹ 12.6 tn capital expenditure to be spent in building Water Infrastructure

GoI targets households with piped-water supply in rural areas

(₹ TN )

(IN %)

8 1

0 2

2 1

1 1

Urban Water & Sanitation - Additional

₹3.3 tn

Will be spent in building Water Infrastructure Vision 2025 for Water Infrastructure

4 0

6 0

0 1

8 0

7 0

% 3 1

% 4 1

% 6 1

% 7 1

% 8 1

% 0 0 1

FY20

FY21

FY22

FY23

FY24 FY25E

FY15

FY16

FY17

FY18

FY19 FY25E

~100%

Of urban and rural households connected to piped-water supply

Rural Water &Sanitation

Irrigation

Government’s Mission: ‘Har Ghar Nal Se Jal’

With India’s water crisis nearing a tipping point, the government announced the Jal Jeevan Mission to provide potable water to every rural household by 2024.

Interlinking Of rivers to increase area under irrigation, domestic & industrial water supply

1 8

Welspun Group and CSR

Welspun Group overview

USD2.3 Bn

USD1.6 Bn

Group Revenue

Group Assets Net Fixed Assets

Manufacturing Facilities in India, USA, and Saudi Arabia

26,000+

Workforce

Global leader in Home Textiles

Amongst world’s largest Line-Pipe manufacturers

Robust portfolio of Roads & Water Infra projects

Integrated Grade-A Warehousing Solutions

CSR initiatives

Our social mission is enshrined within the 3Es i.e. Education, Empowerment and Environment & Health

EDUCATION

ENVIRONMENT

EMPOWERMENT

Project Gyankunj To enhance the teaching & learning process for teachers & students with the use of technology

Project Model Village To create a sustainable rural community that generates and maintains the resources to improve its level of well-being and happiness without depleting economic, social and environmental values.

Welspun Super Sports Women To identify and support female athletes in achieving their sporting endeavors through scholarships

CURRENT REACH

Districts

961

Teachers Trained

116

Schools

Villages

19,600

People

Sports Women

55,750

Students

2 1

SUMMARY FINANCIALS

Summary Standalone Financial Highlights

Financial Year (Rs. Crs)

Revenue

Operating EBITDA

Other Income

Exceptional income

Finance Cost

Depreciation

Tax

PAT (With Exceptional)

PAT Margin

FY-21

1,410

169

108

7.5%

FY-22

1,307

144

FY-23

2,676

237

510

710

7.1%

25.6%

Steady & Prudent Growth

 Revenue CAGR of ~22% and PAT CAGR of ~45% delivered over 5 years from FY19 to FY23

 Average PAT margin of ~14% over a 5 years period encapsulates our strategy of Value Creation through monetization of project portfolio

 Early and successful creation of Water vertical, to accelerate growth

2 2

Balance Sheet Summary

Financial Year (Rs. Crs)

Gross Debt

Cash & Cash Equivalent

Net Cash

Net Worth

Core Invesments

Long Term Investments

Payback to Investors

Value Creation at its Core

 Returned over Rs. 700 crores by way of dividends & buyback over FY17-Q1FY24

 Net worth crossed INR 2,000 crores and has nearly doubled in 6 years

 Well placed for next leg of growth

FY-21

FY-22

602

381

-221

1,819

1,622

320

502

194

-307

1,894

1,812

393

FY-23

292

1,842

1,549

2,465

488

424

135

2 3

Consistently Light on Working Capital

Net Working Capital (Days)

FY-21

-5

FY-22

-19

Debtor Days

Net Working Capital

Key Highlight of WEL Model  WEL Consistently operates with near negative working capital

 Selective sourcing of inventory to ensure quality & timely work progress

FY-23

2 5

APPENDIX

Infrastructure Portfolio

Existing Projects

HAM: Aunta - Simaria (Ganga Bridge with Approach Roads)

HAM: Sattanathapuram – Nagapattinam

EPC: Varanasi Aurangabad NH2 Project

EPC: UP State Water and Sanitation Mission

EPC: Dharavi Wastewater Treatment Facility (Mumbai)

BOT: Dewas Water

Investment in oil & gas blocks: potential value accretion

Diversified Infrastructure Portfolio

Welspun Enterprises

Project Names

Contract Type

Authority / Client

Status

Road Assets

Water/ Wastewater Treatment

Aunta-Simaria

Sattanathapuram-Nagapattinam (SNRP) Varanasi Aurangabad NH2 Project (VARP)

Dewas Water

UP State Water and Sanitation Mission

Dharavi Wastewater Treatment Facility (Mumbai)

Oil & Gas

3 Oil & Gas Blocks

Road Assets Monetized

Delhi-Meerut Expressway (Pkg 1)

Chutmalpur-Ganeshpur & Roorkee- Chutmalpur-Gagalheri (CGRG) Gagalheri-Saharanpur-Yamunanagar (GSY)

Chikhali-Tarsod (CT)

Maharashtra Amravati (Pkg AM 2)

HAM

EPC

BOT

EPC

HAM

NHAI

Under Execution

SIVAPTL

Under Execution

MPSIDC

Operational

SWSM

MCGM

Under Execution

NHAI

Revenue from first block expected in FY25-26

COD achieved

MH PWD

COD achieved

Mukarba Chowk – Panipat (MCP)

BOT (Toll)

NHAI

PCOD achieved 2 7

HAM Aunta-Simaria (Ganga Bridge with Approach Roads)

SCOPE Six- Laning from Aunta-Simaria (Ganga Bridge with Approach Roads) Section from km 197.9 to km 206.1 of NH-31 in Bihar. Includes widest extradosed bridge on Ganga river

STATUS NHAI declared the Appointed Date as 30th August 2018

The project is under execution

BARAUNI REFINERY

SIMARIA

MALHIPUR

AUNTA

Project details

Project Length (Kms)

Acquisition Date

Financial Closure

Appointed Date

08.15 Km

Aug 2018

Achieved

30th Aug 2018

Scheduled Construction Period 42 Months^

Concession Period after COD

15 Years

^ EOT up to 29th October 2024 approved by NHAI

Project cost & financing * (₹ Mn)

Bid Project Cost (with forecasted escalation)

Means of Finance

NHAI

Debt

Sponsor’s Commitment

O&M Payment (First Year)

*Forecasted figures

15,740

6,296

6,480

1,530

2 8

HAM Sattanathapuram- Nagapattinam (SNRP)

SCOPE 4 laning of Sattanathapuram to Nagapattinam (Design Ch Km 123.8 to Km 179.6) section of NH-45A (New NH -332) in Tamil Nadu

STATUS Received Appointed Date on 5th October 2020 with 4 lane road & 4 lane structures as against 4 lane road & 6 lane structures specified in the Concession Agreement

The project is under execution.

Project details

Project Length (Kms)

Award Date

Financial Closure

Appointed Date

55.755 Km

July 2018

Achieved

5th Oct 2020

Scheduled Construction Period 24 months^

Concession Period after COD

15 Years

^ EOT up to 17th January 2025 approved by NHAI

SATTANATHAPURAM

Project cost & financing * (₹ Mn)

Bid Project Cost (with forecasted escalation)

Means of Finance

NHAI

Debt

NAGAPATTINAM

Sponsor’s Commitment

25,220

10,009

10,004

3,000

O&M Payment (First Year)

* Forecasted figures

2 9

EPC Varanasi Aurangabad NH2 Project (VARP)

SCOPE Six laning of Varanasi – Aurangabad section of NH-2 from km 786.00 to km 978.00 (length 192.400 km) in the state of Uttar Pradesh & Bihar

Project details

Project Length (Kms)

192.4

Original Contract

Commencement Date

30th Sep 2021

Construction Period

24 Months

Additional Contract

Construction Start Date

Construction End Date

May 2022

Nov 2023

Status •

Total contract value of ~Rs 35,977Mn comprising original scope and order for additional scope

3 0

EPC UP State Water and Sanitation Mission

SCOPE

Rural Water Supply project under Jal Jeevan Mission by State Water Sanitation Mission UP, scope includes Survey, Design, Preparation of DPR, Construction, Commissioning and O&M for 10 years of various Rural Water Supply Projects in the State of Uttar Pradesh

Project details

Project Scope

Est aggregate contract value (excluding O&M value and GST)

Water Supply to Villages

₹ 29,000 Mn

S No. Revenue

District

Division

No of Villages

Varanasi

Jaunpur

Varanasi

Sant Ravidas Nagar

Ayodhya

Ambedkar Nagar

Ayodhya

Amethi

Meerut

Bulandshahr

747

877

241

240

439

Total No of Villages

2,544

3 1

₹29,000 Mn worth order under execution in EPC water segment

Lead Partner in Joint Venture with Kaveri Infraprojects Limited, Hyderabad 70 : 30

Empanelled by the UP-State Water and Sanitation Mission, Namami Gange and Rural Water Supply Department (SWSM)

Execution of EPC Projects of 2,544 villages for the Project of Survey, Design, Preparation of DPR, Construction, Commissioning and Operation and Maintenance for 10 years of Rural Water Supply

Estimated aggregate contract value: ₹29,000 Mn. The final value will be determined on completion of preparation of Detailed Project Report (DPR) by the JV and its approval by the SWSM

Preparation of DPR and Construction of the Project is to be progressively completed in 21 months (after signing cover agreement) and thereafter Operated and Maintained for a period of 10 years

Execution of EPC Projects across Jaunpur and Sant Ravidas Nagar in Varanasi division, Ambedkar Nagar and Amethi in Ayodhya division & Bulandshahr in Meerut division

3 2

EPC Wastewater Treatment Facility - Mumbai Sewage Disposal Project

SCOPE Design, Build, Operation and Maintenance of 418 MLD Dharavi Wastewater Treatment Facility including 209 MLD Tertiary treatment facility under Mumbai Sewage Disposal Project, Stage II (Priority Works)

Project details

Contract period

60 Months for Design Build, 15 years of operation and maintenance

Welspun Enterprises share in JV

80%

Status

LOA received on May 27, 2022

Project Commencement date – July 4, 2022

Total consideration of ~₹ 46,360 Mn (inclusive of GST)

Initial mobilisation of civil contractors has commenced. The Company is in final stages of obtaining pre- construction approvals

3 3

BOT Dewas Water

Sector

Project Name

Location

COD

Concession End

Water Supply

Dewas Water*

Apr-20

Jun-37

*Dewas Water – Modified Project  Modified project involves the supply of treated water of up to 23 MLD to industrial customers in

Dewas

 FY23 revenue stands at ₹124.9 mn with EBITDA of ₹66.7 mn

3 4

Investment in Oil & Gas blocks: Potential value accretion

Adani Welspun Exploration Ltd (AWEL), a 65:35 JV between Adani Group & WEL, is the key investment vehicle

Block Name

Location

AWEL Stake

WEL Effective Stake

Status

MB-OSN-2005/2 Mumbai Offshore

100.0%

35.0%

GK-OSN-2009/1

Kutch Offshore

25.0%

8.75%

B9 Cluster (DSF) Mumbai Offshore

100.0%

35.0%

AWEL drilled a well and had made a hydrocarbon discovery wherein three layers have proven to be gas bearing, two layers have flown good amount of gas to surface. A discovery has been declared and plans are on for early monetization though development. The field development plan is currently being finalized. Estimated resources and reserves are under finalization.

FDP (Field Development Program) is under revision and finalization by the Operator ONGC based on which the commercial viability will be decided.

A well has been drilled and data evaluation studies are in progress following which, resource and reserve/ reserve estimation has been taken up and further Field Development studies are being carried- out.

Revenue from first block expected in FY25-26

3 5

Thank You

For further details please contact

CORPORATE OFFICE

W E L S P U N E N T E R P R I S E S L I M I T E D CIN: L45201GJ1994PLC023920 Welspun House, 5th Floor, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, India E-mail: investorrelations_WEL@welspun.com Mr Salil Bawa, Head – Group Investor Relations Mr. Siddharth Bharadwaj, Lead - Investor Relations Connect with us:

/WelspunWorld

/welspungroup

/company/welspun-group

INVESTOR RELATIONS ADVISORS : Strategic Growth Advisors Pvt. Ltd. CIN: U74140MH2010PTC204285

Mr. Jigar Kavaiya / Mr. Pratik Shah jigar.kavaiya@sgapl.net / p.s.shah@sgapl.net

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