Subros Limited

rs,

nd Business Performance (Automotive Industry status and key drivers) Business Outlook (Key Indicators, Strategic Initiatives etc) Cooling the Planet 3/32 Subros An Update Cooling the Planet Company

36.79%

ompany in India. A Joint Venture company between Equity Distribution Business Indian Promoters-36.79%, Denso,Japan-20%, Suzuki,Japan-11.96%, Other Public-31.25% Integrated Thermal Products manufact

20%

oint Venture company between Equity Distribution Business Indian Promoters-36.79%, Denso,Japan-20%, Suzuki,Japan-11.96%, Other Public-31.25% Integrated Thermal Products manufacturer for auto and

11.96%

ny between Equity Distribution Business Indian Promoters-36.79%, Denso,Japan-20%, Suzuki,Japan-11.96%, Other Public-31.25% Integrated Thermal Products manufacturer for auto and non auto products S

31.25%

stribution Business Indian Promoters-36.79%, Denso,Japan-20%, Suzuki,Japan-11.96%, Other Public-31.25% Integrated Thermal Products manufacturer for auto and non auto products Segments for Thermal pr

42%

Certifications Market Shares IATF 16949:2016 ERM ISO 31000:2018 EHS ISO 14001:2015, 45001:2018 42% (Passenger Car AC) 51% (Truck Aircon/Blower) Gross Revenues Rs. 2806 Cr. (2022-23) US$ 338 Mn No

51%

t Shares IATF 16949:2016 ERM ISO 31000:2018 EHS ISO 14001:2015, 45001:2018 42% (Passenger Car AC) 51% (Truck Aircon/Blower) Gross Revenues Rs. 2806 Cr. (2022-23) US$ 338 Mn Noida Plant Pressure Die

Rs. 2806

8 EHS ISO 14001:2015, 45001:2018 42% (Passenger Car AC) 51% (Truck Aircon/Blower) Gross Revenues Rs. 2806 Cr. (2022-23) US$ 338 Mn Noida Plant Pressure Die Casting Pune Plant Manesar Plant Chennai Plan

83%

engineering Expediting tooling development Subros have realized complete backward integration 83% localization level of child parts for our Products 100% of Tooling Localisation (Injection Molds,

100%

e realized complete backward integration 83% localization level of child parts for our Products 100% of Tooling Localisation (Injection Molds, Die Casting and Sheet Metal ) 70% of Localize design ac

70%

s for our Products 100% of Tooling Localisation (Injection Molds, Die Casting and Sheet Metal ) 70% of Localize design activities in India We strive for Design in India and Make in India to be Self

74%

bus AC kit Name Denso Subros Thermal Engineering Centre India Private Limited (DSEC) Ownership 74% by DENSO, 26% by Subros Business Description Application Engineering for Air Conditioner and Engin

“• AC Products for Truck AC regulation for N2 & N3 category • Rail Coach AC product Expansion & development • Focus on After Market business 707 693 653 747 691 811 LT Outlook FY23 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY24 Q1 FY24 Q2 •Target Share of Business 48% in PV •After market growth 2x Product expansion contribution approx.”

“It will be utilized in FY 2023-24 • WEF 01/04/2024, co will move to rationalized tax rate @ 22% plus surcharge & cess.”

“• • While demand is expected to remain healthy, the growth will be • weighed in by the high base of FY2023.”

Key Customers

1

Key Customers

MSIL, TML, M&M, SML Isuzu, Sunbeam, Global Autotech, Talbros, Denso, Johnson Control Hitachi . Daikin Subros Sustainability Roadmap Cooling the Planet Carbon Neutrality Roadmap→ Target 2040 2030 2040 Scope 1 +2 (Direct + Indirect) -50% Scope 3 (Value Chain) -35% Cooling the Planet Objective Carbon Neutral Our Approach CSR Innovations in the process, EV/Thermal products Optimize/reduce energy use Transition to carbon free energy Suppliers & Logistics- Raw material and transport SDG’s Focus Areas & Strategic Priorities Our point of distinction Backward integrated to enable built-in quality India’s leading automotive AC company Strong manufacturing and process technology infrastructure Highly reliable and energy-efficient products Cost-effective and high-quality durable solutions Proven capabilities in full-system design, validation, manufacturing, and supplies Pan-India presence Availability of cutting-edge technology through in-house technology development & technical collaboration with