Blue Star Limited

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October 31, 2023 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 National Stock Exchange of India Ltd Exchange Plaza, C-1, Block G

2 million

of operations in India Air conditioning, Refrigeration and MEP solution provider Maintains c. 2 million tonnes of air conditioning and refrigeration equipment1 Presence in 18+ countries1 Plans to s

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then presence in USA, Europe and Japan 7 manufacturing facilities in India1 4,040 Channel Partners1 1,251 Service Associates1 R&D Revenue by geography (FY23) End-markets After-sales Integrated B

8%

Note: 1. 2. As at March 31, 2023 Engineering, Procurement and Construction India International 8% 92% RESTRICTED Residential Light Commercial Commercial Industrial Infrastructure 2 Vision,

92%

e: 1. 2. As at March 31, 2023 Engineering, Procurement and Construction India International 8% 92% RESTRICTED Residential Light Commercial Commercial Industrial Infrastructure 2 Vision, Cred

5.7%

per rupee of turnover (Gigajoule per million ₹) Water intensity per rupee of turnover (₹) FY22 5.7% 1.05 2.55 FY23 6.6% 0.95 1.97 ✓ Carbon Footprint Mapping ✓ Energy Efficiency ✓ Renewable

6.6%

Gigajoule per million ₹) Water intensity per rupee of turnover (₹) FY22 5.7% 1.05 2.55 FY23 6.6% 0.95 1.97 ✓ Carbon Footprint Mapping ✓ Energy Efficiency ✓ Renewable Energy (1.0 ✓ Reductio

50%

ocesses and operations ✓ Energy-efficient Room ACs, VRFs, Deep Freezers, and Screw Chillers ✓ c. 50% of factory workers in Sri City plant are woman ✓ Farmer families in Tamil Nadu are supported vi

100%

tioning systems ❑ Top discharge VRF systems from 7 HP to 112 HP. Designed for Indian conditions – 100% capacity at 43’C and non-stop cooling 56’C ❑ Side discharge VRF systems from 4 HP to 16 HP, VRF l

rs 450

rom 70 TR to 450 TR ❑ Configured series water cooled fixed speed and VFD based centrifugal chillers 450 TR to 1000 TR ❑ Intellectual Property across product range is all owned by Blue Star ❑ 660 Deale

1.2 million

xtensively expanded service reach to Tier 2, 3 & 4 towns Currently handling c. 3,900 towns with > 1.2 million service calls a year Focus on same day installation ISO 9001-2015 and ISO 45001 certified Oper

2.5 million

it ACs with superior build quality Inverter Split AC Fixed Speed Split AC Installed base of over 2.5 million units Products available in c. 8,500 outlets in more than 650 locations Focus on inverter techn

Key products

5

Note

2

Note

1. 2. As at March 31, 2023 Engineering, Procurement and Construction India International 8% 92% RESTRICTED Residential Light Commercial Commercial Industrial Infrastructure 2 Vision, Credo and The Blue Star Way Vision “To dream, to strive, to care and, above all to be the best in everything we do.” Credo “I am Blue Star. I take pride in delivering a world-class customer experience.” The Blue Star Way ✓ Be a company that is a pleasure to do business with ✓ Win out people’s hearts and minds ✓ Continuously improve shareholder value ✓ Give primacy to meritocracy and professional management ✓ Place the company’s interest above one’s own ✓ Conduct business with personal integrity and ethics ✓ Treat business partners as respected members of our organisation ✓ Encourage learning, experimentation and innovation in what we do ✓ Ensure high standards of corporate governance ✓ Be a good corporate citizen RESTRICTED 3 Diversified B2B & B2C business with exposure to different end-markets 1 Electro-M

Key products

Ducted air conditioners and VRF Wada 1 Wada 2 Sri City Plant Started: 2007 Area: 29,900m2 Started: 2022 Area: 19,300m2 Started: 2023 Area: 31,874m2 Key products: Chillers, Cold Rooms, Storage Water Coolers

Key products

Room ACs Set-up after 2022 Set-up prior to 2022 Sri City plant brings Blue star closer to its customers in South India Manufacturing footprint of 130k square meter Over 300 models manufactured across 25 product lines Intelligent I-Factory (Industry 4.0: Robots, IoT and digitalization) RESTRICTED 5 Operates 7 plants in India for both domestic & export markets... ❑ Specialise in manufacturing a variety of highly engineered and custom-built products. ❑ Lean manufacturing and world-class practices. ❑ Green Building initiatives - ❑ Wada factory certified ‘Green factory’ – Platinum category from IGBC ❑ Sri City factory certified ‘Green factory’ – Gold category from IGBC ❑ Solar plants installed at Dadra and Sri City ❑ Successful implementation of Manufacturing excellence program; embarked upon complete process improvement ❑ Automation of processes using robots and Cobots ❑ Using Product Life Cycle Management to improve New product Introduction process ❑ Improved efficiency of operations thro

Note

1. Indian Green Building Council (IGBC) RESTRICTED 8 Strong governance is the key pillar of Blue Star through out its existence Chairmen Emeriti Ashok M Advani Suneel M Advani Board of Directors Shailesh Haribhakti Independent Chairman Vir S Advani* Vice Chairman & Managing Director B Thiagarajan* Managing Director Arvind K Singhal Independent Director Rajiv R Lulla Non-Executive Director Sunaina Murthy Non-Executive Director Dinesh Vaswani Non-Executive Director Sam Balsara Independent Director Anil Harish Independent Director Anita Ramachandran Independent Director * Also a key management personnel (KMP) RESTRICTED 9 Industry recognition for achievements Corporate governance and management Golden Peacock Award for Corporate Governance 2019/2020/2021 Golden Peacock Award for Risk Management 2020/2022/2023 Winner of ICSI Best Governed Company (Listed: Medium) 2019 Great Place to Work – Certified Organization 2023 Industry expertise MEP Contractor of the Year 2017-2023 Best Water R&D an