Aeroflex Industries Limited

Asad Daud

Managing Director said,

rs,

arter for the company with the listing on stock exchanges, we would like to thank all our shareholders, employees and all other stakeholders. We are pleased to registered the healthy performance for the q

₹162 crore

IPO Listing ▪ Aeroflex Industries IPO comprised of a fresh issue of equity shares of the value of ₹162 crore and an offer-for-sale (OFS) of the value of ₹189 crore equity shares by the promoter, Sat Industrie

₹189 crore

fresh issue of equity shares of the value of ₹162 crore and an offer-for-sale (OFS) of the value of ₹189 crore equity shares by the promoter, Sat Industries Limited (BSE & NSE Listed Company) ▪ IPO subscribed

83%

retail category, 194.73 times in the QIB category, and 126.13 times in the NII category Listed at 83% premium over the IPO Price Aeroflex got listed on 31st August 2023 4 Q2 & H1 FY24 PERFORMANCE HI

17.83%

formance Highlights Total Income (Rs. Crs) Q2FY24 68.15 84.43 EBITDA (Rs. Crs) PAT (Rs. Crs) 17.83% 12.15 21.35% 18.02 11.04% 13.71% 11.58 7.52 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24

21.35%

ghts Total Income (Rs. Crs) Q2FY24 68.15 84.43 EBITDA (Rs. Crs) PAT (Rs. Crs) 17.83% 12.15 21.35% 18.02 11.04% 13.71% 11.58 7.52 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 138.51 168.35

11.04%

ome (Rs. Crs) Q2FY24 68.15 84.43 EBITDA (Rs. Crs) PAT (Rs. Crs) 17.83% 12.15 21.35% 18.02 11.04% 13.71% 11.58 7.52 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 138.51 168.35 18.07% 20.73

13.71%

Crs) Q2FY24 68.15 84.43 EBITDA (Rs. Crs) PAT (Rs. Crs) 17.83% 12.15 21.35% 18.02 11.04% 13.71% 11.58 7.52 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 138.51 168.35 18.07% 20.73% 11.60

18.07%

18.02 11.04% 13.71% 11.58 7.52 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 138.51 168.35 18.07% 20.73% 11.60% 13.46% 34.90 22.66 25.03 16.07 Margin H1FY24 H1FY23 H1FY24 H1FY23 H1FY24

20.73%

1.04% 13.71% 11.58 7.52 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 138.51 168.35 18.07% 20.73% 11.60% 13.46% 34.90 22.66 25.03 16.07 Margin H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 H1FY23

11.60%

3.71% 11.58 7.52 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 138.51 168.35 18.07% 20.73% 11.60% 13.46% 34.90 22.66 25.03 16.07 Margin H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 H1FY23 H1FY24

13.46%

1.58 7.52 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 138.51 168.35 18.07% 20.73% 11.60% 13.46% 34.90 22.66 25.03 16.07 Margin H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 H1FY23 H1FY24 6 Con

“▪ Increasing Demand of HVAC system ▪ Large Scale Industrialization ▪ Modernization in Agriculture ▪ Govt initiative to curb Carbon Emission 51% ▪ Demand from new edge industries like Aerospace, Satellite, Solar and Robotics Source : Maia Research - Global Stainless Steel Flexible Hose Industry Market 22 Way Forward Capacity Expansion The company will expand existing capacity in a phased manner from 12.5 mn mtrs to 13.5 mn mtrs by Mar’24.”

“Inorganic Acquisitions The company has future plans for inorganic acquisition to create forward and backward integration and is currently evaluating target companies in India and abroad.”

Hoses

1

Key Growth Drivers

1

Hoses

Interlock Interlock Interlock conveyor hose, and Interlock pressure hose etc. & exhaust Composite hose, Our curated solutions enhance and elevate critical flow technologies across diverse industries Aeroflex goes beyond mere product offerings; Data as of H1FY24 13 3. De-risk and diversified Portfolio Product Segments Domestic: Export Mix 9% SS Flexible Hoses with & without Braiding 15% 27% Assemblies & Fittings 64% Others Exports Domestic 85% End user Industries Steel 28% 24% Oil, Gas & Refineries Chemicals & Petrochemicals 7% 16% 25% Metals & Mining New Age Industries (Fire Fighting, Solar & Others) Geographical Split 1% 2% 11% 28% 58% Europe America Asia Africa Others MRO : Maintenance Repair and Operations Companies New Age Industries includes Fire Sprinklers, Solar & Others Data as of H1FY24 14 4. Serving multiple end user Industries Wherever There's Critical Flow, Aeroflex Leads the Way Current Major Industries New Age Industries Steel & Metal Oil & Gas Chemicals Semiconductors Ae

Key Growth Drivers

▪ Increasing Demand of HVAC system ▪ Large Scale Industrialization ▪ Modernization in Agriculture ▪ Govt initiative to curb Carbon Emission 51% ▪ Demand from new edge industries like Aerospace, Satellite, Solar and Robotics Source : Maia Research - Global Stainless Steel Flexible Hose Industry Market 22 Way Forward Capacity Expansion The company will expand existing capacity in a phased manner from 12.5 mn mtrs to 13.5 mn mtrs by Mar’24. Higher Value Added products aims company The to augment its revenue share by focusing on the high-margin product segment, specifically Assemblies and Fittings. Entering New Industries With the addition of products the company targets to enter New-Age Industries such as Semiconductor, Aerospace, EV, robotics, defence etc. Inorganic Acquisitions The company has future plans for inorganic acquisition to create forward and backward integration and is currently evaluating target companies in India and abroad. 23 Annexures Board of Directors Asad Daud Managi