Ador Welding Limited

29%

sieador peace of mind 29% May, 2025 NATIONAL STOCK EXCHANGE OF INDIA LTD. Exchange Plaza, C-1, Block G, Bandra-Kurla Comp

rs,

Complex Bandra (East), Mumbai - 400 051 AWL/SEC/SE/2025-26/13 BSELTD. Phiroze Jeejeebhoy Towers, 1st Floor, Dalal Street, Fort, Mumbai - 400 023 Dear Sir/Madam, Sub: Presentation made during t

9300 %

E COMPANY SECRETARY Encl: As above ADOR WELDING LIMITED Regd. & Corporate Office: +91 22 6623 9300 %, 18002331071 | care@adorians.com | ©+91 20 40706000 www.adorwelding.com CIN: L70100MH1951PLC0086

90,000 MT

st Welding Experience COMPANY OVERVIEW s¢ador 850+ Employees 5 Manufacturing Facilities M 90,000 MT of Welding Consumables/year (@D 30,000 Welding Power Sources/year Gouvt. of India Recognised R

INR 1100

ised R & D Centre India — Serving 31,235 pin codes Global — 15+ countries Annual Sales of over INR 1100 Cr. Creating The Best Welding Experience RESEARCH & DEVELOPMENT seador R&D Centre for Equipm

17%

ANCIAL PERFORMANCE seador Revenue (% crs.) 1 1067 EBITDA ® crs.) 120 104 594 CAGR 17% FY21 FY22 FY23 FY24 FY25 40 FY21 CAGR 27%* FY2s PBT (Z crs.) 21 Working

27%

BITDA ® crs.) 120 104 594 CAGR 17% FY21 FY22 FY23 FY24 FY25 40 FY21 CAGR 27%* FY2s PBT (Z crs.) 21 Working Capital (No. of days) 102 30 CAGR 36%* 76 I 57 I

36%

40 FY21 CAGR 27%* FY2s PBT (Z crs.) 21 Working Capital (No. of days) 102 30 CAGR 36%* 76 I 57 I 76 l 82 o !1 FY22 FY23 FY24 FY25 FY21 Fy22 FY23 FY

5%

onal items Creating The Best Welding Experience ——— UPDATE - FY25 sicador * Revenue Growth - 5% over FY24. » Strong Operating cash flow of -INR 139 Crs. * Working capital management improved

INR 139

——— UPDATE - FY25 sicador * Revenue Growth - 5% over FY24. » Strong Operating cash flow of -INR 139 Crs. * Working capital management improved by 18 days. * Net Debt Free. * New Markets: USA a

25%

Net Debt Free. * New Markets: USA and Australia. * International business grew by more than 25%. * Merger completed. PARTICULARS Inventory Receivables Payables Working Capital MARCH

Rs 2000

ver in H1 FY 26. Creating The Best Welding Experience OUR TARGET seador Turnover to surpass Rs 2000 Crs. by FY 29. Key Revenue Drivers Focus on margin expansion. Inorganic Growth — ~._M&A

“< « « Target Audience- Independent distribution with approx.”

Established Markets

1

Growth Markets

1

Developing Markets

1

Established Markets

UAE/Oman « ADNOC (Abu Dhabi National Oil Company) / PDO (Petroleum Development Oman) Approved. « « Strong distribution networks. Long term supply contracts & Newly Established contracts.

Growth Markets

KSA/QATAR « Aramco and QE approvals. < « Long Term diversified projects visibility Established distribution with End user network. Creating The Best Welding Experience KEY FOCUS MARKETS FOR ADOR INTERNATIONAL seador

Developing Markets

USA « Ador brand acceptance has been high. < « « Target Audience- Independent distribution with approx. 6 plus branches and 2-3 state coverage. This makes import justified. Established distribution channels — Upper Midwest and South (over 1 year). Focus - Northwest/ Central Ohio/Maryland etc. (2025-26). « OEM- Developing 1 national channel that will cover all USA. « Local US Ador employee. Australia « < « Newly started 2025 in Victoria. Product mix is strong with future strategy of Equipment. Local Ador Business development personnel. Creating The Best Welding Experience Q&A eador Creating The Best Welding Experience THANK YOU eador Creating The Best Welding Experience eador ADDITIONAL SLIDES Creating The Best Welding Experience ——— FY25 rter Particulars Revenue from Operations COGS Manufacturing Expenses Gross Margin Gross Margin % Employee Benefit cost Other Expenses EBITDA EBITDA % Finance Cost Depreciation Other Income PBT (Before Exceptional) PBT % #¢ador Year Ended Q4 FY25 Q3 FY2