RKFORGENSE17 January 2025

Ramkrishna Forgings Limited has informed the Exchange about Investor Presentation

Ramkrishna Forgings Limited

RAMKRISHNA FORGINGS LIMITED

Date: 17 January, 2025

To The Listing Department BSE Limited P] Towers Dalal Street Munbai — 400 001

To The Listing Department National Stock Exchange of India Limited “Exchange Plaza” C-1, Block G Bandra- Kurla Complex, Bandra (E) Mumbai- 400051

BSE SCRIP CODE: 532527

NSE SYMBOL: RKFORGE

Dear Sir / Madam,

Sub:

nces

Regulation_30 of the SEBI

{Li

Disclosure Requirements} Re

Presentation

Please find enclosed herewith the copy of the Q3 & 9M FY25 Earnings Presentation of the Company for the 3 Quarter and Nine Months ended 31 December, 2024.

This is for your kind information and records.

Thanking You.

Yours truly, For Ramkrishna Forgings Limil

Rajesh Mundhra Company Secretary & Complia ACS: 12991

Encl: As above

REGISTERED & CORPORATE OFFICE

23 CIRCUS AVENUE, KOLKATA 700017, WEST BENGAL, INDIA PHONE : (+01 33)4082 0900 / 7122 0900, FAX : (+91 33)4082 0998 / 7122 0998, EMAIL : info@ramkrishnaforgings.com, WEB : www.ramkrishnaforgings.com CIN NO. ;L74210WB1981PLC034281

Investor Presentation Q3 & 9M FY25

Innovation Engineered For Excellence

Safe Harbor

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Ramkrishna Forgings Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the Company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward- looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.

All Maps used in the Presentation are not to scale. All data, information and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness

Investor Presentation – December 2024

Way Forward

Corporate Structure

Contents

Q3 & 9M FY25 Financial Overview

About Ramkrishna Forgings

Diversified Products & Offerings

Our Commitment

Investor Presentation – December 2024

Q3 & 9M FY25 Financial Overview

Q3 & 9M FY25 Financial Highlights

Standalone

Consolidated

Q3 FY25

9M FY25

Q3 FY25

9M FY25

₹ 95,272 Lakhs

5.5%

₹ 2,77,350 Lakhs

6.5%

₹ 1,07,378 Lakhs

7.9%

₹ 3,08,689 Lakhs

13.0%

Revenue from Operations

YoY Growth

Revenue from Operations

YoY Growth

Revenue from Operations

YoY Growth

Revenue from Operations

YoY Growth

₹ 21,545 Lakhs

3.8%

₹ 61,044 Lakhs

2.9%

₹ 23,152 Lakhs

5.4%

₹ 66,830 Lakhs

10.0%

YoY Growth

22.6%

EBITDA & Margin

YoY Growth

22.0%

EBITDA & Margin

YoY Growth

21.6 %

EBITDA & Margin

YoY Growth

21.6%

EBITDA & Margin

15.5%

ROCE

15.8%

ROE

15.5%

ROCE

16.5%

ROE

ROCE- EBIT Less Other Income / Average (Net Debt + Equity) & ROE – Net Profit after Tax / Average Networth

Investor Presentation – December 2024

MD’s Insights and Reflections

We are pleased to report a strong performance in the third quarter with Consolidated Revenues higher by 8% on a y-o-y basis. This is despite de-growth growth in domestic CV volumes of 4%. Our growth has been driven by higher share of business across existing customers supported by ramp up of new components and order wins awarded in recent quarters. We have also witnessed sustained momentum in exports this quarter. In terms of order wins, we have received orders amounting to Rs. 697 crore to be executed over a period of four years across from Non Auto segment including Railways.

The outlook remains exciting both for the near and medium term on the back of multiple growth levers of new products, new customers, new verticals being served and new capacities. We are set to commence offerings towards two-wheelers and passenger vehicles, in the coming months and quarters. This will enable further growth coming from the automotive sector, as we have not catered to these segments earlier. We are also excited by the prospects from new components as well as new assemblies. Capacity augmentation in cold forging and aluminum forging will aid growth, while newer, more automated lines and more value engineered lines, will enable higher value addition.

Our plan for streamlining of our subsidiaries is progressing well and we are set to scale up our offerings in casting which will complement our robust track record in forged products. With our recent entry into aluminum forging, we are also well positioned to address the opportunities from EV and hybrid vehicles. Our strategy of diversified growth, underpinned by a balanced approach to risk and return, will help us to drive sustained value creation for all stakeholders.”

Investor Presentation – December 2024

MR. NARESH JALAN

Key Performance Indicators (Standalone)

Revenue*

EBITDA* & EBITDA Margin (%)

PAT & PAT Margin (%)#

+5.5%

+3.8%

90,288

95,232

95,272

20,750

21,177

21,545

Q3 FY24

Q2 FY25

Q3 FY25

Q3 FY24

23.0%

Q2 FY25

22.2%

Q3 FY25

22.6%

+6.5%

2,77,350

2,60,344

+2.9%

61,044

59,298

18,280

8,816

9,464

Q2 FY25

19.2%

+21.0%

9,955

Q3 FY25

10.4%

+48.9% 35,542

8,226

Q3 FY24

9.1%

23,877

Exceptional Item, 3.2%

8,816

26,726

PAT, 9.6%

9M FY24

9M FY25

9M FY24

22.8%

9M FY25

22.0%

9M FY24

9.2%

9M FY25

12.8%

*Excluding Other Income; Note: Rounded off to the nearest whole number. # PAT includes exceptional gains from the sale of Globe All India Services Limited in Q2 & 9M FY25

(₹ in lakhs) 7

Investor Presentation – December 2024

Key Performance Indicators (Consolidated)

Revenue*

EBITDA* & EBITDA Margin (%)

PAT & PAT Margin (%)#

+7.9%

+5.4%

+14.7%

99,559

1,05,363

1,07,378

21,972

23,275

23,152

Q3 FY24

Q2 FY25

Q3 FY25

Q3 FY24

22.1%

Q2 FY25

22.1%

Q3 FY25

21.6%

+13.0%

3,08,689

2,73,059

+10.0%

66,830

60,755

18,977

8,150

9,961

8,686

Q3 FY24#

8.7%

10,827

Q2 FY25

18.0%

Q3 FY25

9.3%

+49.6%

37,028

24,759

8,150

Exceptional Item, 2.6%

28,878

PAT, 9.4%

9M FY24

9M FY25

9M FY24

22.2%

9M FY25

21.6%

9M FY24

9.1%

9M FY25

12.0%

*Excluding Other Income; Note: Rounded off to the nearest whole number. # PAT includes exceptional gains from the sale of Globe All India Services Limited in Q2 & 9M FY25

(₹ in lakhs) 8

Investor Presentation – December 2024

Volumes and Realisation

Volume (tons)

Realisation (Rs. Lac/ (ton))

Volume (tons)

Realisation (Rs. Lac/ (ton))

41,586

43,387

13,323

16,062

+8.7%

45,198

14,951

28,263

27,325

30,247

2.55

2.52

2.50

1.84

1.79

+7.3%

1,27,124

46,335

80,789

1,18,488

42,211

76,277

Q3 FY24

Q2 FY25

Q3 FY25

Q3 FY24

Q2 FY25

Q3 FY25

9M FY24

9M FY25

Total Revenue Breakup (Rs. Lakhs.)

Particulars

Q3 FY25

Q3 FY24

Domestic Markets

57,084

55,456

Export Markets

37,388

34,047

Domestic Markets

Export Markets

Total Revenue Breakup (Rs. Lakhs.)

YoY

2.9%

9.8%

Q2 FY25

53,760

QoQ

6.2%

Particulars

Domestic Markets

40,618

(8.0%)

Export Markets

2.52

2.53

1.86

9M FY24

1.88

9M FY25

9M FY24

157,588

150,825

117,273

107,059

Other Income & Export Incentive

1,176

946

24.3%

865

36.0%

Other Income & Export Incentive

3,596

3,430

YoY

4.5%

9.5%

4.8%

Total

95,648

90,449

5.7%

95,243

0.4%

Total

278,457

261,314

6.6%

Note: Data is on standalone basis unless stated otherwise

Investor Presentation – December 2024

Capacity Utilization

Particulars

Installed Capacity

FY24

FY23

Production (MT)

Utilization (%)*

Production (MT)

Utilization (%)*

Production (MT)

Utilization (%)*

Production (MT)

Q3FY25

Q2FY25

Q3FY24

Ring Rolling

24,000

32,533

29,497

8,172

136%

8,532

142%

8,865

148%

Forgings

56,100

49,054

48,160

11,096

Press

149,050#

105,558

85,725

31,738

Total Capacity

229,150#

187,145

163,382

51,006

79%

85%

89%

12,420

28,637

49,589

89%

77%

87%

12,838

28,681

50,384

92%

88%

96%

*Utilization (%) has been calculated on installed capacity on Annualized basis; # Capacity increased for Press Facility from 130,800 MT to 149,050 MT on April 03, 2024 .Total Capacity has increased from 210,900 MT to 229,150 MT from April 03, 2024

Investor Presentation – December 2024

Strong Key Ratios - Consolidated

ROCE (%)

20.0%

19.5%

15.8%

15.5%

Return on Total Asset (%)

6.4%

6.9%

7.6%

8.0%

5.5%

1.1

FY21**

FY22

FY23

FY24

9M FY25

FY21**

FY22

FY23

FY24

9M FY25

0.8%

Fixed Asset Turnover (x)

1.7

2.0

1.8

2.1

2.2

TOL/TNW

1.8

1.0

1.1

FY21**

FY22

FY23

FY24

9M FY25

FY21**

FY22

FY23

FY24

9M FY25

ROCE- EBIT Less Other Income / Average (Net Debt + Equity); FATR- Revenue / Average Fixed Assets (Net) including Right to use of Assets; TOL – Total Outside Liabilities/TNW – Total Net worth ; Return on Total Asset- PAT/ Average Total Assets. ** - FY21 Performance impacted due to COVID-19 induced lockdown; Data is on Consolidated basis; #:9MFY25 Numbers are on annualized basis

Investor Presentation – December 2024

Income Statement

Particulars (₹ in lakhs)

Revenue from Operations

Cost of Goods Sold

Gross Profit

Gross Profit Margin

Employee Cost

Power and Fuel

Other Expenses

EBITDA

EBITDA Margin

Other Income

Depreciation

EBIT

EBIT Margin

Finance Cost

Profit before exceptional items and Tax

Profit before exceptional items and Tax Margin

Exceptional Items (net of tax)

Profit before Tax

Tax

Profit After Tax

Profit After Tax Margin

FY20

FY21

111,182

128,838

50,673

60,509

54.4%

9,424

9,719

20,995

20,372

18.3%

602

12,016

8,957

8.1%

7,515

1,442

1.3%

1,442

480

961

0.9%

64,240

64,597

50.1%

9,037

9,354

23,214

22,993

17.9%

461

11,628

11,826

9.2%

7,678

4,148

3.2%

4,148

1,352

2,796

2.2%

FY22

228,537

103,077

125,459

FY23

300,100

144,374

155,725

FY24

9M FY25

348,961

171,672

177,289

277,350

120,317

157,033

54.9%

12,028

15,240

45,493

52,697

23.1%

161

16,906

35,952

15.7%

9,335

26,617

11.6%

26,617

5,967

20,650

9.0%

51.9%

14,431

18,792

55,683

66,819

22.3%

377

20,135

47,061

15.7%

11,496

35,565

11.9%

35,565

12,005

23,559

7.9%

50.8%

17,437

21,306

59,160

79,386

22.7%

2,333

24,438

57,281

16.4%

13,627

43,654

12.5%

43,654

11,046

32,608

9.3%

56.6%

16,132

16,351

63,506

61,044

22.0%

1,107

16,488

45,663

16.5%

9,770

35,893

12.9%

10,287

46,180

10,638

35,542

12.8%

*Note: Rounded off to the nearest whole number; Data is on standalone basis unless stated otherwise

Investor Presentation – December 2024

Balance Sheet

Particulars (₹ in lakhs)

Net block (Tangible assets) Intangible assets Investments Other non-current assets Total non ‐ current assets Inventories Investments Trade receivables Cash and cash equivalents Other current assets Total current assets Total assets Total equity Borrowings Lease liabilities Other non-current liabilities Total non-current liabilities Borrowings Lease liabilities Trade payables Other current liabilities Total current liabilities Total equity & liabilities

FY20

137,376 922 1,930 4,274 144,502 35,719 0 30,260 233 7,049 73,261 217,763 87,643 47,903 353 7,622 55,878 36,425 40 20,693 17,084 74,242 217,763

FY21

149,385 1,088 1,938 3,174 155,585 42,994 0 55,993 6,680 6,671 112,338 267,923 88,997 66,360 378 8,287 75,025 54,160 22 42,916 6,803 103,901 267,923

FY22

155,903 3,171 1,938 7,111 168,123 68,267 5,500 87,781 3,237 10,704 175,489 343,612 109,408 85,945 2,280 9,495 97,720 71,794 429 57,457 6,804 136,484 343,612

FY23

173,955 3,041 1,939 9,543 188,478 86,852 0 72,536 4,247 10,946 174,581 363,059 132,492 75,092 2,054 16,077 93,223 49,008 550 76,614 11,172 137,344 363,059

FY24

H1 FY25

199,072 10,289 32,426 26,060 267,847 100,351 5,004 75,969 16,040 14,000 211,364 479,211 267,256 54,508 7,448 16,106 78,062 25,888 1,253 94,109 12,643 133,893 479,211

219,992 9,689 39,268 28,406 297,355 123,025 0 99,695 6,253 13,403 242,376 539,731 291,549 56,572 6,065 16,056 78,693 50,104 1,925 99,226 18,234 169,489 539,731

*Note: Rounded off to the nearest whole number; Data is on standalone basis unless stated otherwise

Investor Presentation – December 2024

Cash Flow Statement

Particulars (₹ in lakhs)

Cash Flow from Operating Activities

Profit before Tax

Adjustment for Non-Operating Items

Operating Profit before Working Capital Changes

Changes in Working Capital

Cash Generated from Operations

Less: Direct Taxes paid

Net Cash from Operating Activities

Cash Flow from Investing Activities

Cash Flow from Financing Activities

Net increase/ (decrease) in Cash & Cash equivalent

Add: Cash and cash equivalents as at 1st April

Cash and cash equivalents as at closing

FY20

FY21

FY22

FY23

FY24

H1 FY25

1,442

17,667

19,109

6,678

25,786

-670

4,148

18,453

22,601

-9,394

13,207

-557

25,116

12,650

26,617

23,592

50,210

-41,746

8,464

-4,556

3,908

-22,493

-22,622

-35,348

-2,590

16,405

194

226

6,432

226

6,659

27,884

-3,556

6,659

3,102

35,565

26,758

62,322

22,177

84,499

-6,724

77,776

-29,727

-47,057

992

3,102

4,094

43,653

32,884

76,537

225

76,762

-13,126

63,636

33,365

6,359

39,724

-39,762

-38

-6,142

-6,180

-95,843

-20,617

43,992

11,784

4,094

15,878

17,007

-9,790

15,878

6,088

*Note: Rounded off to the nearest whole number; Data is on standalone basis unless stated otherwise

Investor Presentation – December 2024

About Ramkrishna Forgings

At a Glance

Legacy and experience in the Forging industry

43 years

Countries served with strong footprints in North America and Europe2

Products across Auto and Non-Auto Components

2,000+

2nd

Largest Forging Company in India1

229,150T

Installed Capacity3

(Q3FY25)

45,198T 127,124T

(9MFY25)

Sales Volume3

Data for period ending December 31, 2024; 1 Second largest forging player as per CRISIL report dated November 2023; 2 Countries served excludes India; 3 Installed Capacity and Sales Volume numbers are on standalone basis.

Manufacturing Across 7 Plants, Transforming various Industries

Investor Presentation – December 2024

Key Attributes

Manufacturer and supplier of a variety of auto and non-auto components

One of the largest player in metal processing in India

Continued focus on diversification with foray into EV components

Global presence with footprints in North America, Europe, South America & Southeast Asia

Longstanding relationship with marquee customers

Investor Presentation – December 2024

One Stop Solution Provider

Warm forging

Gear Grinding

Fabrication

Casting

Hot Forging

Cold Forgings

Machining

Aluminium Forging

Hammer & Upsetter Facilities

Ring Rolling

Press & Press Lines

Providing solutions to

Commercial Vehicles

Railways

Mining, Earth Moving & Farm Equipment

Industrial Components, Steel, Cement & Power

Oil & Gas

Investor Presentation – December 2024

Our Journey

Launched IPO

Commissioned 2 of its Press Lines of 6,300T & 12,500T

Commissioned a Hollow Spindle Line

Commissioned RA Shaft Press Line and a 5” Upsetter

Acquired Multitech Auto

Acquired Ramkrishna Casting Solutions Limited (formerly JMT Auto)

Raised ₹10,000mn via QIP

2004

2015

2020

2023

1981

2007

2016

2021

2024

Company Incorporation

Commenced ring rolling press line with machining facilities

In-house R&D team received accreditation from DSIR.

Commissioned 7,000T Press Line

Acquired ACIL Limited

Commissioned Warm Forging Line

Commissioned sheet metal fabrication line for manufacturing of Railway products

Commissioned 630T Warm Forging Line and 6,000T Press Line

Divested 100% Equity Stake held in Globe All India Services Limited

Commissioned machining operations in facility at Ramkrishna Forgings Mexico S.A. de C.V

Investor Presentation – December 2024

In-house R&D And Testing Capabilities

In-house R&D and testing capabilities

Digital tools

Impact

Auto CAD

Unigraphics

Commercial computer aided design and drafting software application

CAD/CAE/CAM software product

VeraCAD

KISSSoft

Graphically interactive design software for stretch roll segments

Bevel Gears – Tooth contact analysis Tooth Flank design

Forge® Nxt

DEFORM

Simulates hot, warm and cold forming metal flow & grain flow analysis

Enables designers to analyze metal forming, heat treatment, machining and mechanical joining processes

Catia

Simufact

CAD software product for - -3D Modelling -2D Drafting

Simulates hot, warm and cold forming metal flow & grain flow analysis

Product Innovation

Enhanced Product Quality

Cost benefits

Process Improvements

Reduced manufacturing time

Improved customer satisfaction

Investor Presentation – December 2024

57 Member R&D Team1

Testing Facility

National Accreditation Board for Testing and Calibration Laboratories accreditation

1As on December 31, 2024

Commitment to Innovation

RKFL is focused on increasing its production capacity to meet rising market demands effectively.

Moving up the value chain allows RKFL to offer higher quality products and services, enhancing customer satisfaction.

The organization strategically diversifies its portfolio to mitigate risks and explore new market opportunities.

RKFL emphasizes innovation as a core value, aiming for engineering excellence and enhanced value creation.

Collaborating with key industry players strengthens RKFL's market position and fosters innovation.

These initiatives have led to significant growth, positioning RKFL for ongoing success in a competitive landscape.

Investor Presentation – December 2024

Robust Track Record of Growth

Production (in MT) CAGR: +12.5%

Revenue CAGR: +19.6%

Export Revenue CAGR: +38.2%

1,87,145

1,49,762

3,48,961

2,77,350

1,48,290

1,17,273

81,894

61,508

36,187

1,11,182

74,076

28,496

FY10

FY15

FY20

FY24

9M FY25

FY10

FY15

FY20

FY24

9M FY25

EBITDA CAGR: +23.0%

79,385

61,044

37,635

43,882

FY15

FY20

FY24

9M FY25

1,606

FY10

PAT CAGR: +27.5%

35,542

32,607

20,372

12,674

4,366

FY10

FY15

FY20

FY24

9M FY25

7,474

1,089

FY10

FY15

961

FY20

FY24

9M FY25

Note: Revenue and EBITDA excluding Other Income. Figures in Lakhs unless mentioned otherwise. Rounded off to the nearest whole number. 9MFY25 PAT includes exceptional gains from the sale of Globe All India Services Limited

(₹ in lakhs) 22

Investor Presentation – December 2024

Ownership and Value Creation

Shareholder Structure

Dividend Distributed (Rs. Cr)

Key Shareholders

Public Shareholding 30.49%

Promoters 43.16%

FIIs 24.57%

Mutual Funds/AIF/QIB 1.78%

16,173 31 Dec ‘24

1,244 Dec ‘19

Market Cap. (Rs. Cr)

Smallcap World Fund, Inc

Lata Bhanshali

Akash Bhanshali

Nomura India Investment Fund Mother Fund

Blue Diamond Properties Pvt Ltd

6.72%

2.91%

2.24%

2.01%

1.46%

Aditya Birla Sun Life Trustee Private Limited A/C

1.39%

FY19

4.9%

As a %of PAT

FY22

4.0%

Massachusetts Institute of Technology

Blue Lotus Investment Fund

Payal Bhanshali

Life Insurance Corporation of India

FY23

12.9%

FY24

10.1%

Societe Generale - ODI

Sixteenth Street Asian Gems Fund

1.28%

1.20%

1.14%

1.09%

*In view of subdued profits, the Board has not recommended any dividend for FY20 & FY21.

As on 31st December 2024

Investor Presentation – December 2024

Diversified Products & Offerings

Diversified Product Portfolio

FARM EQUIPMENT

RAILWAYS

OFF ROAD APPLICATIONS EARTH MOVING, MINING & CONSTRUCTION INDUSTRIES

OEM & TIER 1 COMMERCIAL VEHICLES & PASSENGER VEHICLES

EV PASSENGER VEHICLES & COMMERCIAL VEHICLES

ENERGY OIL & GAS, POWER

Automotive

Non-automotive

Investor Presentation – December 2024

Automotive Categories

Front Axle & Steering

Engine

Suspension & Chassis

Transmission

Rear Axle

I Beam

Knuckle

Steering Arm

Tie Rod Arm

Sector Shaft

Front Hub

Crankshaft

Camshaft

Connecting Rod

Piston

Pitman Arm

BC Lever Assembly

Mounting Brackets

Yokes

UJ Cross

Transmission Gears

Transmission Shafts Gears

Crown Wheel

Pinion

Differential Case

Differential Case Cover

Spindle

Rear Axle Shaft

Spider

Differential Gear & Pinion

Investor Presentation – December 2024

Automotive Categories

Sector Shaft

Crankshaft

Piston

Connecting Rod

Pitman Arm

BC Lever Assembly

Differential Case

Mounting Brackets

Pinion

Spider

Crown Wheel

Rear Axle Shaft

Yokes

UJ Cross

Spindle

Camshaft

Knuckle

Tie Rod Arm

I Beam

Transmission Gears

Front Hub

Differential Case Cover

Steering Arm

Transmission Shafts Gears

Differential Gear & Pinion

Investor Presentation – December 2024

Other Categories

Farm Equipment

Off Road Applications

Railways

Energy

Passenger Vehicles

Trailer Axle Assembly and Suspension

1,2,3 & 4 Cyl Forged Crankshafts

Rear Axle Shafts

Crown Wheel & Pinion

Transmission Shafts & Gears

Bucket

Backhoe Bucket

Shovel

Track Link

Track Roller

Bucket Tooth

Pivot Pin

Prop Shaft

Bearing Centre

Bogie Frame - LHB

Bogie Bolster - LHB

Bogie Frame – Euro Project

Bogie Frame – Kolkata Metro

Fully Assembled Bogie – Vande Bharat

Wing Nut

Tube Flange

Valve Bonnet

Tube Yoke

T Bolt Socket Joint

Toothed Crusher Hammer

SUB 3 Inch - Female

Valve Seat- 5 inch

Tee Forging

Tube Shaft

Helical Gears

Crankshafts

Connecting Rods

Crown Wheel

55T Air suspension

Mechanical Tridem

14T 1950 abs

13T 1950 abs

14T 1950 non abs

Investor Presentation – December 2024

Our Global Presence

Headquarters & Manufacturing facilities Headquarters – Kolkata 19 manufacturing facilities • Jamshedpur – 16 plants (RKFL – 7 plants, MAPL –

3 plants & RKCL – 6 plants) • Howrah –West Bengal – 1 plant • Manesar – ACIL – 1 plant • Monterrey – Mexico – 1 Plant

Sales & support services: • Detroit, USA • Sao Paulo, Brazil • Istanbul, Turkey • Monterrey & Toluca,

Mexico

• Milan, Italy • Degerfors, Sweden

Warehousing facility: • Shelbyville, USA • Hagerstown, USA • Indianapolis, USA • Monterrey, Mexico • Turin, Italy

• Toluca, Mexico • Puebla, Mexico • Westerlo, Belgium • Riverside MI, USA • Verona, Italy

Investor Presentation – December 2024

Increasing share of Global Business

FY24

9MFY25

Revenue By Geography

North America 26%

Europe 16%

Asia 58%

North America 30.00%

Europe 12.00%

With consistently growing exports (Rs. Lakhs)

Asia 58.00%

99,038

1,24,513

1,48,290

51,792

FY21

FY22

FY23

FY24

1,17,273

37,388

40,618

39,267 9M FY25

Standalone Numbers

Investor Presentation – December 2024

Diversified Product Portfolio

Revenue Break-up

Domestic Auto

Railways

Mining, Earth Moving & Farm Equipment

Miscellaneous (Industrial Components, Steel, Cement & Power)

FY20

FY21

FY22

FY23

FY24

9MFY25

43.4%

42.7%

39.2%

41.9%

39.7%

40.4%

4.3%

4.7%

5.9%

3.1%

4.8%

8.0%

1.7%

4.1%

9.8%

2.7%

4.5%

9.4%

3.6%

4.5%

9.7%

4.7%

4.5%

8.1%

Total Domestic

58.4%

58.7%

54.8%

58.5%

57.5%

57.7%

Exports - Auto

Exports - Others

Of Which Oil & Gas

Total Export

Total Revenue

38.7%

39.6%

39.2%

35.9%

37.4%

37.8%

2.9%

1.4%

1.8%

0.2%

6.1%

0.9%

5.5%

1.3%

5.1%

1.3%

4.5%

0.6%

41.6%

41.3%

45.2%

41.5%

42.5%

42.3%

100.0%

* Rounded off to the nearest whole number. Numbers are on standalone basis unless stated otherwise.

Investor Presentation – December 2024

Corporate Structure

RKFL

Domestic

International

ACIL Limited (Being merged with Ramkrishna Forgings)

Ramkrishna Casting Solutions Ltd. (Formerly JMT Auto )

Multitech Auto Private Limited

MAL Metaliks Pvt. Ltd. (100% stepdown subsidiary)

Ramkrishna Forgings LLC, USA

Ramkrishna Forgings Mexico S.A. de C.V (Mexico)

(Being merged with Ramkrishna Casting Solutions Limited)

100% Wholly Owned Subsidiaries

Ramkrishna Titagarh Rail Wheels Ltd RKFL (51%) Titagarh (49%)

Joint Venture

Investor Presentation – December 2024

About Ramkrishna Casting Solutions Limited

Ramkrishna Casting Solutions Limited (formerly known as JMT Auto) has a significant expertise in the auto sector with capabilities in heat treatment and gear and in manufacturing a variety of components for the Oil and Gas industry. Equipped with advanced CNC Technology, the company's core strength lies in producing high precision Gears and Shafts.

The company has capability to manufacture different components which ranges from Engine components, Gears, Shafts, Pins, Bushes, Idler Bearings, Carrier Housing, Gear Rings, Axles, Synchro Cones, Carriers, Gear Box Assemblies, Seal wear rings, Oil Pump Cover ,Drums Sleeves, Carrier Assemblies, Pipe Assemblies, Flywheel Assemblies, Sear Wear ring, Cone And Cup(Heat Treatment),Bushes, Oil Pump Gear, Seat Valve, Lever Rocker Assembly, Steering Spindle, Assemblies, Engine Gears, Spindles, Drums for light, Medium & Heavy Commercial Vehicles, Tractors and Diesel Engines.

Significant existing customers have agreed to restart the business after due process of the audit of the plant.

Capacity:- The company has a casting capacity of 12,000 MT per annum and a forging capacity of 4,000 MT per annum. Additionally, it is expanding by adding 18,000 MT of forging capacity per annum.

The company has already commenced Casting Forging and a Machining division

Engine Components

Assy. Rock Lever

Crank Shaft Gear

FIP

Gear 2W

Gear Components

Axle Components

Excavator Components

Other Components

Investor Presentation – December 2024

About Multitech Auto

Multitech Auto Pvt. Ltd. (MAPL) - MAPL today is regarded as the pioneers of high-quality SG and CI Castings and the first to introduce ADI castings in Eastern India. Now the company is one of the leading ADI Castings player in India.

The manufacturing capabilities include Precision Machined Austempered Ductile Iron (ADI) Castings, Precision Machined SG & CI Castings from 1KG to 45KG Weights – 21,600 MT per annum.

The company has a wide range of hi-tech, precision machined, heat treated and ground automobile components from bars, castings, primarily for brakes, gear boxes, axle and suspension parts of commercial vehicles and railway, having extensive and modern machining facilities, SCADA Controlled Heat Treatment facilities and well-equipped inspection facilities for metrological, material testing and verification.

The company Manufactures machined cast parts for Medium and Heavy Commercial vehicles, Railways.

Assembly Products

Aluminium Top Cover Assembly

Assembly Top Cover

Shift Cylinder

Machined Castings

Shafts & Bar Items

Investor Presentation – December 2024

About ACIL

ACIL Limited is engaged in machining of high precision engineering automotive components. It majorly manufactures crankshafts for tractors, HCV, LCV as well as two wheelers. Besides, the company also manufactures connecting rods, steering knuckles and hubs. With this acquisition it will help the Company (RKFL) to foray into the Tractors and PV segments

It is a forward integration for the Company (RKFL), It will enable the company to supply machined crankshafts for tractors, PV, HCV, LCV as well as two wheelers.

Over the years, it has served automobile manufacturers like John Deere Ltd, New Holland Tractor Ltd, SML Isuzu Ltd, International Tractors Limited, Honda Motorcycles, Maruti Suzuki India Limited, Escorts Ltd., etc.

ACIL is having a capacity of 48 Lacs pcs per annum of 2-wheeler crankshaft and 2.4 Lacs pcs per annum of 3/4 cylinder crankshaft

Crankshaft

Connecting Rods

2 W Crankshaft

Investor Presentation – December 2024

Update on Rail Wheel Project

Ramkrishna Forgings & Titagarh Rail Systems Consortium received an LOA for Manufacturing and Supplying of Forged Wheels for the Indian Railways

Ramkrishna Forgings holds a 51% stake in the Joint Venture and is the lead partner in this railway contract

The company will establish a manufacturing plant in India to produce 228,000 forged wheels per annum

The total project cost is estimated at ₹2,000 crores, which is being funded through a mix of debt and equity

As on December 31, 2024, Rs 320 crores has been infused as equity in the JV.

Land for the project has been acquired in Chennai, Tamil Nadu and construction work at site is progressing as per schedule.

All machines for the project have been ordered and the delivery of the machine will start from FY25.

Operations are expected to begin by Jan FY26

Investor Presentation – December 2024

Update on Mexico Facility

Ramkrishna Forgings Limited has acquired a company in Mexico and the

same is named as Ramkrishna Forgings Mexico S.A. de C.V.

The Company has taken a factory space on lease at Monterrey, Mexico, and

has already commenced its machining operations. Warehousing operations

are scheduled to begin in Q4 FY25.

The machines for setting up Machining facility along with the required

forgings is being supplied by the Customer in North America.

The above operation is backed by a long term US$3.5 million per annum

“take or pay” agreement

Once the above operations is stabilized the company proposes to put a

11,000 T Hot forging capacity in Mexico.

Investor Presentation – December 2024

Way Forward

Multiple Vectors To Accentuate Growth And Increase Profitability

Global Markets

Further geographic presence to enhance capture global market opportunities

Inorganic Opportunities

Explore inorganic opportunities offering strategic benefits

Expanding Capabilities

Expand our manufacturing capacities

Focus on EV

Focus on increasing revenue share of EV business

Diversification Strategy

Continue the diversification strategy with increasing focus on non-automotive categories

Investor Presentation – December 2024

Well Positioned To Capture Future Growth

Particulars (In Metric Tonnes)

Existing

FY25E

Summary Summary on on Capacity Capacity Expansion Expansion

Capacity -Standalone

Forging

Capacity – Subsidiary

Casting

Forging (RKCSL)

Total

229,150

308,400

33,600

4,000

62,400

22,000

266,750

392,800

The capacity of upsetter forgings of 14,250T and Cold forgings of 25000T is under commissioning.

The company has planned to set up 8,000T hot forging Press line along with some small press lines which will further enhance the capacity of the company by 40,000T

The Company is also setting up an Aluminum forging Press line with a 3000T Capacity which will cater primarily to EV Segment

The Company has sufficient capacity for the next phase of healthy & robust growth

Capacity ramp-up along with operating leverage will result in faster improvement in proﬁtability

Enhanced global presence, diversify products for non-automotive customers, and explore high-margin niche products & EV

Improved process efficiency, economies of scale, utilize automation for higher productivity & optimize yields by reducing RMC

Investor Presentation – December 2024

Our Commitment

RKFL’s Path to Net Zero by 2040 - Taking focused action to decarbonize across our operations and value chain

Decarbonization levers at RKFL to reduce our Scope 1 and 2 emissions :

2028

Reduce Scope 1 & 2 by 50% and 100% by 2033

For Scope 3, we are working with suppliers to reduce emissions in the value chain.

Based on LCAs, material efficiency has been identified as an improvement for which we are collaborating with suppliers to procure Green Steel.

We will report on Carbon Border Adjustment Mechanism disclosures to meet export-related requirements.

62.63% by transitioning to renewable energy

6.69% by switching to low carbon fuel

6.16% by adopting energy efficiency measures

24.52% through carbon offsets

2040

Achieve Net Zero

Scope 1

Scope 2

RKFL Scope 1 & 2 Emissions Unit: tCO2e | FY 2023-24

Mobile Combustion 812

Fugitive Emissions 910

Stationary Combustion 31,384

Purchased Electricity 160,247

Investor Presentation – December 2024

Key Sustainability Highlights Where Growth Meets Green: Progress Update1

16%

Reduction in waste generation

46%

Increase in waste recycling and reuse

14% Reduction in groundwater consumption

increase in recycled wastewater

59%

Initiated steps to enhance renewable power capacity by 36 MW

20%

Increase in Sewage Treatment Plant Capacity

98% Permanent employees trained on ESG

This is projected to save 46,375 tCO2e

12%

Increase in Effluent Treatment Plant Capacity

99%

Permanent employees trained on Human Rights

1 The above is year-on-year update on ESG performance

Investor Presentation – December 2024

Our ESG Vision - Delivering shared value to the planet and people

Our 5-pronged approach to Sustainability

VALUABLE PARTNERSHIPS

ENVIRONMENTAL CONSCIOUSNESS

REWARDING WORKPLACE

EMPOWERED COMMUNITIES

ROBUST GOVERNANCE

We are aligned with 9 United Nations Sustainability Development Goals

Investor Presentation – December 2024

Our Goals and Initiatives

Committed to preserving and protecting the environment and supporting the local community

Our Goals and Target Year

Progress Update

Key Initiatives

Water Management

Achieve Zero Liquid Discharge (ZLD) across all plants

2030

14% decrease in groundwater consumption

59% increase in wastewater recycling

Waste Management

Reduce total waste generation by 50%

2030

16% reduction in waste generation

Achieve 100% Renewable Energy

2033

GHG Emissions & Energy Management

Employee Wellbeing

Achieve Net Zero

Train 100% employees on ESG

Train 100% employees on Human Rights

Community Support

Launch a flagship CSR program across all plants

160% increase in renewable energy consumption

98% Permanent employees trained

99% Permanent employees trained

11 kilometres Street Light Installation

2040

2025

2030

Harnessing rainwater to dependency

increase harvesting capacity and reduce freshwater

Progressing towards becoming a Zero Liquid Discharge (ZLD) facility through:

o Installed ETP capacity of 290 KLD o Increasing STP capacity from 152 to 242 KLD (59%)

Developed framework to implement 9R circularity principles to manage waste efficiently across our plants

46% increase in waste recycling through authorised vendors

Estimated reduction of 10,267 tCO2e achieved through commissioning capacity of 8.73 MW solar rooftop plant

Initiated steps to enhance roof top solar capacity by 6 MW, projected to save approximately 7,174 tCO2e

Signed contracts to procure 30MW RE power through open access in Jharkhand, projected to save 39,201 tCO2e

Commenced reporting on CBAM requirements for our products

Trained 98% and 93% of permanent and contractual employees respectively on ESG

Trained 99% and 92% of permanent and contractual employees respectively on human rights principles

Achieved ‘Great Place to Work’ Certification for the second year in a row

Inaugurated an 11 km Street Light Project extending from Nischintpur to Dugni area, as part of our Jan Kalyan Yojana

Investor Presentation – December 2024

Embedding ESG Supplier Assessment Framework Enhancing and strengthening ESG resilience and adaptability across our supply chain

We have integrated an ESG Supplier Assessment Framework within our procurement processes . This framework is being synthesised into our Supplier Quality Manual.

CRITICALITY ANALYSIS

STANDARD COMPLIANCE

LONG TERM ALIGNMENT

PRIORITY SUPPLIER IDENTIFICATION

COMMITMENT TO QUALITY

COMMITMENT TO SUSTAINABILITY

ALLOCATION TO RISK

RKFL’s ESG Integrated Supply Chain Framework

Factors assessed to measure business criticality for each supplier:

Our principles to achieve maximum customer satisfaction and quality standards:

Meet ESG standard requirements by filling out a self-assessment questionnaire on:

BUSINESS IMPACT Volume of Business

SPEND ANALYSIS % Procurement Spend

CUSTOMER CENTRICITY Priority Vendors for OEMs

PROXIMITY Distance from RKFL

• Providing consistent product quality

• On-time delivery

• Reduction in wasteful practices

• Continual improvement

• Compliance with all requirements of systems

and processes.

• Fulfilling customer expectations

• Ensuring prevention of failure

• GHG Emissions • Water Management • Waste Management • Life Cycle Assessment • Green Steel Manufacturing

• Health & Safety • Supply Chain Management

• Supplier Diversity • Corporate Policies • Legal Compliance • Risk Management

co2

Analysed supplier ESG risk scores to ensure alignment with our 2040 commitments: • Achieve Net Zero • 100% reduction in product carbon footprint • Procure 100% green steel

h g H

Maximise Procurement

Collaborate for Innovation

e r o c S G S E r e i l p p u S

w o L

Low

Locate alternate suppliers

Procurement Spent (INR)

Generate Supplier Awareness

High

Benefits of our Framework

Identify and Mitigate Supply Chain Risks

Align to Customer Requirements on Supply Chain

Meet SEBI’s BRSR Reporting Requirements

Align to EU’s CBAM Disclosure Requirements

Investor Presentation – December 2024

Towards Net Zero: Comprehensive Carbon Accounting Navigating Scope 3 Emissions for Long-Term Sustainability

We are approaching the final stages of completing the Scope 3 Inventorisation at RKFL across the following eight categories in alignment with the GHG Protocol Standard:

CATEGORY 1 PURCHASED GOODS & SERVICES Status: Ongoing

CATEGORY 2 CAPITAL GOODS Status: Ongoing

CATEGORY 3 FUEL & ENERGY ACTIVITIES Status: Completed

CATEGORY 5 WASTE GENERATED Status: Completed

CATEGORY 6 BUSINESS TRAVEL Status: Completed

CATEGORY 7 EMPLOYEE COMMUTE Status: Completed

CATEGORY 4 UPSTREAM TRANSPORTATION & DISTRIBUTION Status: Ongoing

CATEGORY 9 DOWNSTREAM TRANSPORT Status: Completed

Investor Presentation – December 2024

Conference Call Details

Q3 & 9M FY25 EARNINGS CALL

Time

5:30 PM. IST on 17th January 2025

Pre-registration

HOSTED BY:

To enable participants to connect to the conference call without having to wait for an operator, please register at the below mentioned link:

Investor Presentation – December 2024

Thank You

Mr. Lalit Kumar Khetan (Whole Time Director & CFO)

Ramkrishna Forgings Limited

Email: lalit.khetan@ramkrishnaforgings.com

Mayank Vaswani / Mit Shah

CDR India

Tel: +91 98209 40953 / +91 99201 68314

Email: mayank@cdr-india.com / mit@cdr-india.com

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