Elecon Engineering Company Limited

rs 35

player 5 Global MNC with Strong Distribution Network Overseas Market 100+ Distributors & Dealers 35+ Customer representatives 4 Manufacturing & Assembly Centers 10 Sales Offices Domestic Market

rs 10

rket 100+ Distributors & Dealers 35+ Customer representatives 4 Manufacturing & Assembly Centers 10 Sales Offices Domestic Market 65+ Distributors & Dealers 55+ Customer representatives Pan In

rs 55

es 4 Manufacturing & Assembly Centers 10 Sales Offices Domestic Market 65+ Distributors & Dealers 55+ Customer representatives Pan India Presence Serving to 75+ Countries MANUFACTURING FACILITIE

28%

SSEMBLY & SERVICE CENTRE SALES OFFICE SALES REPRESENTATIVE Contribution from Overseas Market 28% FY20 35% FY21 34% FY22 29% FY23 All Maps used in the presentation are not to scale. All data, i

35%

SERVICE CENTRE SALES OFFICE SALES REPRESENTATIVE Contribution from Overseas Market 28% FY20 35% FY21 34% FY22 29% FY23 All Maps used in the presentation are not to scale. All data, information

34%

NTRE SALES OFFICE SALES REPRESENTATIVE Contribution from Overseas Market 28% FY20 35% FY21 34% FY22 29% FY23 All Maps used in the presentation are not to scale. All data, information, and maps

29%

S OFFICE SALES REPRESENTATIVE Contribution from Overseas Market 28% FY20 35% FY21 34% FY22 29% FY23 All Maps used in the presentation are not to scale. All data, information, and maps are provi

76%

ar, Gujarat The facility is spread over 335,000 Square Meter Capacity utilization for Q1 FY24 is ~76% Bird’s eye view of the Facility 8 Gear Division – Providing a wide variety of solutions Widest

39%

Power, Cement, Sugar, Steel etc. In-house manufacturing capabilities with 700+ machine tools 39%* Market Share in the Domestic Organized Market Best in class Gear Solutions Strong Brand Name

10 MW

Used in power industry, in between power turbine and alternator ❖ Ratio Range : 7.2:1 ❖ Power : 10 MW ❖ Input Speed: 10,500 rpm ❖ Higher Efficiency ❖ Robust Design ❖ Stable Working ❖ Usage : Ball mil

Rs. 132

t, and Mining Initiation of Power Sector crisis Acquisition of Benzlers & Radicon with Debt of Rs. 132 crs. MHE Division witnessed remarkable turnaround becoming profitable with focus on Products &

20%

ntinued the EPC Projects and focus on products, spares & service business Currently achieving 20%+ ROCE Strategic initiatives were undertaken to turnaround the MHE Division with focus on clos

“❖ Signed-off Five OEM Business in European market, having annual estimated business volume of ~Euro 5 Million ❖ Prototype is under development and to be supplied to the OEMs by Q3FY24, commercial production expected to start from FY25 Outstanding Retention as on 30th June 2023 stands at Rs 52 Crs”

“EBITDA* (Rs Crs.) PAT (Rs Crs.) +26.4% 414 328 +33.2% 96 72 +72.5% 73 42 Q1FY23 Q1FY24 Q1FY231 Q1FY242 Q1FY23 Q1FY24 Revenue Guidance of Rs 2,000 crores in FY24 with an EBITDA Margin of 22% Adj.”

“& Engineering Others Revenue (Rs Crs.) EBIT (Rs Crs.) Order Intake (%) +25.4% 54 43 Margins (%) 11% +163.4% 23% 12 6.9% 3.9% 0.9% 0.4% 19.5% 5 68.4% Q1FY23 Q1FY24 Q1FY23 Q1FY24 Revenue Guidance of Rs 300 crores in FY24 Power Fertilizer Const.”

Development on Overseas OEM Business

1

Arbitration awards

1

Development on Overseas OEM Business

❖ Signed-off Five OEM Business in European market, having annual estimated business volume of ~Euro 5 Million ❖ Prototype is under development and to be supplied to the OEMs by Q3FY24, commercial production expected to start from FY25 Outstanding Retention as on 30th June 2023 stands at Rs 52 Crs

Arbitration awards

❖ Arbitration award withdrawn Rs. 27.4 Crs upto June 23 out of Rs. 63 Crs and Rs. 4 Crs expected to be realized by Q2FY24 ❖ Fresh arbitration proceedings initiated having the value of Rs. 31 Crs during Q1FY24, optimistic of favorable outcomes Capex for Q1FY24 stood at Rs 20 Crs Improvement in Credit Ratings: LT - [ICRA] AA- (Stable); ST: [ICRA] A1+ in June-23 (Previous Credit Ratings: LT- [ICRA] A+ (Stable); ST: [ICRA] A1) Net cash positive as on 30th June 2023 30 Strong Consolidated Quarterly Performance Revenue (Rs Crs.) Adj. EBITDA* (Rs Crs.) PAT (Rs Crs.) +26.4% 414 328 +33.2% 96 72 +72.5% 73 42 Q1FY23 Q1FY24 Q1FY231 Q1FY242 Q1FY23 Q1FY24 Revenue Guidance of Rs 2,000 crores in FY24 with an EBITDA Margin of 22% Adj. EBITDA Margin* (%) PAT Margin (%) +117 bps 21.9% 23.1% +470 bps 17.6% 12.9% *Adjusted EBIDTA: 1INR 6.95 crs in Q1FY23 expenses booked on account of payment to vendors written off in earlier period 2Normalised for INR 4.3 crs in Q1FY24 on account of reversal of provision