WELENTNSE15 May 2025

Welspun Enterprises Limited has informed the Exchange about Investor Presentation

Welspun Enterprises Limited

WEL/SEC/2025

May 15, 2025

To, BSE Limited Corporate Relationship Department, 2nd Floor, New Trading Wing, Rotunda Building, P.J. Towers, Dalal Street, Mumbai – 400 001. Scrip Code: 532553

National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C-1, Block- G, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051. NSE Symbol: WELENT

Dear Madam/Sir,

Subject: Investor Presentation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations)

This is with reference to our letter dated May 12, 2025, intimating the schedule of earnings call, and pursuant to Regulation 30 of the SEBI Listing Regulations, please find attached herewith the Investor Presentation on the Audited Consolidated and Standalone Financial Results of the Company for the quarter and year ended March 31, 2025.

The presentation is also hosted on the website of the Company at www.welspunenterprises.com

Please take the same on record.

Thank you,

For Welspun Enterprises Limited

Nidhi Tanna Company Secretary ACS – 30465

Encl: as above

WELSPUN ENTERPRISES LIMITED

Q4 & FY25 Investor Presentation

May 15th 2025

BSE: 532553 | NSE: WELENT |ISIN: INE625G01013

Safe Harbor

The information contained in this presentation is provided by Welspun Enterprises Limited (the “Company”). Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is subject to change without notice, its accuracy, fairness or completeness is not guaranteed and has not been independently verified and no express or implied warranty is made thereto. You must make your own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent investigation as you may consider necessary or appropriate for such purpose. Neither the Company nor any of its directors assume any responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information or opinions contained herein. Neither the Company nor any of its directors, officers, employees or affiliates nor any other person accepts any liability (in negligence, or otherwise) whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection therewith.

The statements contained in this document speak only as at the date as of which they are made, and the Company expressly disclaims any obligation or undertaking to supplement, amend or disseminate any updates or revisions to any statements contained herein to reflect any change in events, conditions or circumstances on which any such statements are based. By preparing this presentation, none of the Company, its management, and their respective advisers undertakes any obligation to provide the recipient with access to any additional information or to update this presentation or any additional information or to correct any inaccuracies in any such information which may become apparent. This document is for informational purposes and does not constitute or form part of a prospectus, a statement in lieu of a prospectus, an offering circular, offering memorandum, an advertisement, and should not be construed as an offer to sell or issue or the solicitation of an offer or an offer document to buy or acquire or sell securities of the Company or any of its subsidiaries or affiliates under the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, both as amended, or any applicable law in India or as an inducement to enter into investment activity. No part of this document should be considered as a recommendation that any investor should subscribe to or purchase securities of the Company or any of its subsidiaries or affiliates and should not form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. This document is not financial, legal, tax, investment or other product advice.

This presentation contains statements of future expectations and other forward-looking statements which involve risks and uncertainties. These statements include descriptions regarding the intent, belief or current expectations of the Company or its officers with respect to the consolidated results of operations and financial condition, and future events and plans of the Company. These statements can be recognized by the use of words such as “expects,” “plans,” “will,” “estimates,” or words of similar meaning. Such forward-looking statements are not guarantees of future performance and actual results, performances or events may differ from those in the forward-looking statements as a result of various factors and assumptions. You are cautioned not to place undue reliance on these forward looking statements, which are based on the current view of the management of the Company on future events. No assurance can be given that future events will occur, or that assumptions are correct. The Company does not assume any responsibility to amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise.

Any reference herein to "the Company" shall mean Welspun Enterprises Limited, together with its consolidated subsidiaries.

Welspun Enterprises At a Glance

FINANCIAL STRENGTH*

ROBUST ORDER BOOK

HEALTHY PROFITABILITY

 24% Revenue CAGR

(FY2021-25)

 ~ ₹ 14,300 cr.**Consolidated

Order Book

 ₹ 1,155 cr. Cash on Hand

 Well-positioned to capture emerging opportunities in India’s Water, Transportation & Tunnelling sectors

 New order flows to be

consistent with premium return expectations

 Higher profitability - average PAT margin for last 5 years ~13%

 Returned ~₹ 800 cr by way of

dividends & buyback over FY18 - FY25

CAPABLE ORGANIZATION

DIVERSIFIED OFFERINGS

ASSET LIGHT MODEL

 Motivated, Experienced &

 Verticals : Transportation, Water

 Focus on operational excellence

Committed Leadership Team

 Fosters a Culture of Learning, Innovation, Trust, & Endurance

 A c h i e v e d P r e s t i g i o u s G r e a t P l a c e t o W o r k ( G P T W ) c e r t i f i c a t i o n – B e s t i n I n d u s t r y f o r C o n s t r u c t i o n & I n f r a s t r u c t u r e

& Wastewater and Niche technologies (Welspun Michigan)

 Delivery Models - HAM, BOT &

EPC

 Geographies: Maharashtra, UP, Bihar, Tamil Nadu, Haryana and more…

 Core project management

expertise

 Monetization of completed

assets

 Execution through specialized

partners

*Consolidated nos **Consolidated order book as on 31stMarch 2025 and incl. ~₹ 4,400 cr. for O&M & asset replacement in MCGM STP project & BhandupWTP project. Also includes WMEL;s ~₹ 1800 cr. of order book.

Inside this Presentation

About Welspun World

Advantage Welspun Enterprises Ltd.

Financials Q4F Y25& FY25

Road Ahead

Welspun Michigan Enterprises Ltd.

WEL – ESG At the Core

Summary Historical Financials

Appendix – Project & Investment Details

Industrial Water Treatment Plant, Dewas, Madhya Pradesh

Global Conglomerate

The USD 5 Bn Welspun Group is one of India’s fastest growing global conglomerates with business interests in Line Pipes, Home Textiles, Infrastructure, Steel, Advanced Textiles, Warehousing and Flooring solutions.

The group has a strong foothold in 50+ countries and its clientele includes Fortune 500 companies. USD 5 Bn Revenue

USD 1.8 Bn Net Fixed Assets

30,000+

Workforce

Manufacturing Facilities in India, USA, and Saudi Arabia.

w e l s p u n e n t e r p r i s e s . c o m

Global leader in Home Textiles

Amongst world’s largest Line-Pipe manufacturers

Robust portfolio of Roads & Water Infra projects

Integrated Grade-A Warehousing Solutions

Advantage Welspun Enterprises

This is a 3-D render of Dharavi WwTF

Creating Value through a Clear Strategy

Remain “Asset Light”

Ensure P&L supports new business

Bid for selective projects

Asset Monetization

Monetize balance sheet heavy assets

Deploy right mix of contractors & support them for seamless execution

Undertake O&M

Create capacity for lifecycle O&M various segments of Water projects

Manage, Complete & Stabilize Project

Municipal Water Treatment

Industrial Water Treatment

Sewerage Treatment

Rural Water Supply

National/State Highways

Tunnelling

Through an Experienced Management

Sandeep Garg Managing Director

Saurin Patel CEO Water-WEL

Managing Director, WMEL

Abhishek Chaudhary

Chief Executive Officer

Asim Chakraborty

Yogen Lal

CEO (Transportation)

CEO –Strategy , Business Development

Lalit Jain Chief FinancialOfficer

Lekha Raghavan Head -HR

Proven track record

~570 km

Experience of operating ~570 km of Toll projects

₹ 4,100 cr ~65 km

Robust road portfolio

Capability to execute complex projects WEL has demonstrated high level of operational excellence with the execution of several complex projects.

Key projects :

 Mukarba Chowk – Panipat  Chikhali-Tarsod  Gagalheri-Saharanpur-Yamunanagar  Chutmalpur-Ganeshpur & Roorkee-Chutmalpur-Gagalheri  Maharashtra Amravati - Package no. AM 2

Delhi Meerut Expressway

Enterprises’

completed Welspun portfolio includes the Delhi–Meerut Expressway / National Expressway 3 which was featured as an Engineering Marvel of India

 India’s FIRST 14-Lane Expressway

 India’s FIRST Green Expressway

 Received the “Gold Award” in the

excellence in Project Management from MORTH

 India’s FIRST HAM project to be awarded AAA (SO) credit rating

 India’s FIRST HAM project to receive

annuity

 India’s FIRST HAM project to be re-

financed post completion

 India’s FIRST Completed HAM project (332 Days ahead of schedule)

₹ 27 cr.

19 Months

Early completion bonus from NHAI

Record completion time

Engineering Marvel of India Featured on History Channel

Engineering Marvels: Extreme Connects Watch Video

Awards, Accreditation & Accolades

Letter of appreciation by Prime Minister of India Shri Narendra Modi

ASSOCHAM Unique Project of the Year award presented by Shri Nitin Gadkari

“Gold award” for Excellence in Project Management under PPP mode from MoRTH

“Outstanding Company in Specialized Construction” at EPC World Awards 2025

“Excellence in Project Management” award for ASRP, at ASSOCHAM Awards 2024

“Best Community Project of the Year” award for UPJJM at Water Digest Awards 2025

“Construction & Infrastructure Company of the Year” award, at Construction Times Awards 2024

Strong platform set for future growth

Robust portfolio of Water, Tunnelling, Road & WMEL

Current order book at

~₹ 14,300 cr.* (excluding GST)

Order Book By Source

93% E X T E R N A L

Segment Break-up

WMEL, 13%

Road, 11%

Tunnel, 13%

Water, 62%

* Consolidated order book as on March 31, 2025 and incl. ~₹ 4,400 cr. for O&M & asset replacement in MCGM STP project , Bhandup WTP project & UPJJM project. Also, includes WMEL’s order book of ~₹ 1800 cr.

Current Order Book provides strong revenue growth visibility

C A P T I V E ( H A M P r o j e c t s ) 7%

Trends towards Diversification

Trend in Order Book By Source

WEL Portfolio (in ₹ cr.)

External EPC, 4%

WMEL, 13%

Capive HAM, 7%

Road EPC, 5%

Tunnel EPC, 13%

14,300

9,049

FY17

Captive (HAM), 96%

Way forward

Continuous focus on both development and EPC projects

Q4FY25

4,100

Water EPC, 32%

Water O&M, 31%

Development

Orderbook*

Development (Divested)

Continue approach of prudent bid strategy to strengthen portfolio

Water & Wastewater to be the key growth driver and focus area

Strategic positioning towards BOT and EPC projects

Apart from NHAI, evaluate road projects of select State and local agencies

Financials Q4FY25 & FY25

Income Statement Snapshot - Consolidated

Particulars (₹ cr)

Q4 FY25

Q4 FY24

YoY %

FY25

FY24

YoY %

Revenue from Operations

Other Income

Total Income

Reported EBITDA

1021

1076

207

823

867

157

24%

25%

24%

32%

3,584

209

2874

189

3,793

3,063

730

616

25%

10%

23%

18%

Reported EBITDA margin

19.3%

18.1%

118 bps

19.3%

20.1%

-87 bps

 24% Revenue CAGR over last 5 years

 24% EBITDA CAGR over last 5 years

 Average PAT margin of 13% over last 5 years

PBT Before Exceptional Item

Exceptional Item*

PBT

Profit from discontinuing operations

PAT

Segment Revenue

Transport

Water

Tunneling & Rehab

147

148

-6

105

364

384

273

120

-8

376

305

142

23%

24%

36%

-3%

26%

92%

519

520

-30

354

479

-29

319

1,605

1,651

1,283

696

916

308

11%

-3%

40%

127%

Income Statement Snapshot – Standalone

Particulars (₹ cr)

Q4 FY25

Q4 FY24

YoY %

FY25

FY24

YoY %

Revenue from Operations

Other Income

Total Income

EBITDA

734

760

122

644

665

14%

18%

14%

26%

2,827

2,450

15.4%

106

102

4.0%

 19.0% Revenue CAGR

over last 5 years

 23.1% EBITDA CAGR over last 5 years

2,934

2,553

14.9%

455

439

3.6%

 Average PAT margin of 12.4% over last 5 years

EBITDA margin

16.1%

14.5%

152 bps

15.5%

17.2%

-170 bps

PBT

PAT

112

29%

32%

413

308

396

285

4.4%

7.9%

PAT margin

11.1%

9.6%

149bps

10.5%

11.2%

-68bps

Balance Sheet Snapshot

Consolidated Balance Sheet Snapshot (₹ Cr.)

Long Term Debt Short Term Debt (Working Capital Loan)

Net worth Gross Debt - - Cash & Cash Equivalents# Net Debt / (Cash) Other Long Term Liabilities Total Net Fixed Assets (incl. CWIP) Net Current Assets (Excl. Cash & Cash Equivalents) (adj.)* Other Long-Term Investments and Assets (adj.)

31s March 2025 2,709 1,300 1,269 31 1,155 145 126 228 368

2,383

Long Term Debt Short Term Debt (Working Capital Loan)

Standalone Balance Sheet Snapshot (₹ Cr.) Net worth Gross Debt - - Cash & Cash Equivalents# Net Debt / (Cash) Other Long Term Liabilities Total Net Fixed Assets (incl. CWIP) Net Current Assets (Excl. Cash & Cash Equivalents) (adj.)* Other Long-Term Investments and Assets (adj.)

# Includes Fixed Deposits kept with banks & investments * Mobilization advance has been included into Net Current Assets

31st March 2024

2,490 572 558 13 978 -406 126 212 248

1,749

31s March 2025 2,690 0 - 0 1,061 -1061 8 18 255 1,364

31st March 2024 2,422 0 - 0 923 -923 8 16 297 1,194

 Returned ~INR 800

crore through buyback & dividends over FY18- FY25

 Grew Net worth at ~10% CAGR over 5 years, post paybacks

WEL The Road Ahead

Water - To be a technology-led solution provider for all needs

• Treatment solutions for Industrial / Domestic / Municipal

○ Large Volume Plants: Create platform with global technology partners

such as Veolia & Xylem for a sustainable Moat.

○ Distributed Plants: Driven by Smart Ops

○ Small scale: Product based on Smart Ops, leveraging distribution network

of Welspun Sintex

○ Operation & Maintenance – as a separate revenue stream

• Transmission Solutions

• Distribution for Industrial area / Municipalities - Municipal Utility Tunnels

Transportation – Pursue opportunities under asset light model

● BOT (Toll)

● Tunnel – Strategic technology collaborations for

Roads/Railways/ Metro

₹ 6.6 tn opportunity across verticals

TRANSMISSION

TREATMENT

DISTRIBUTION

ROADS

TUNNELLING

-Lift Irrigation -River Linking -Water Grid Management -Municipal Tunnels

-WTP/WwTF –Wastewater Recycle Reuse -River Rejuvenation -Desalination

-Industrial/ Urban Water Distribution

-NRW reduction -One City One Operator

Public Private Partnership

Large Diameter Tunnels

Retain Focus on Selected States: Across Identified Segments

₹ 3.6 tn across focus segments

•

India’s water challenge is to cater to ~18% of world population with ~4% of world’s fresh water resources

• Share of unirrigated area out of net

cropped area in India is ~45% (Niti Aayog)

TRANSMISSION

TREATMENT

DISTRIBUTION

•

India’s Waste Water treatment plants treat only 1/3rd of the waste water generated daily (CPCB)

• Close to 1/4th of Indian households are yet

to have access to pipe water supply (Ministry of Jal Shakti)

- Lift Irrigation -River Linking -Water Grid Management -Municipal Tunnels

-WTP/WwTF -Wastewater Recycle Reuse -River Rejuvenation

-Desalination

₹ 2.1 tn

₹ 1.0 tn

-Industrial/ Urban Distribution

-NRW reduction -One City One Operator ₹ 0.5 tn

Wastewater Generation & Treatment Capacity GAP at City level in India (2023)

Sewage treatment plant Vs Actula Sewage generation

5.0

4.5

93%

92%

87%

84%

67%

0.3

0.5

0.1

0.8

0.2

0.3

0.1

0.2

0.1

0.0

Cities with >10 lac population

Cities with 5-10 lac population

Cities with 2-5 lac population

Cities with 1-2 lac populatin

Cities with 0.5-1 lac population

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

Sewage generation 000 (MLD)

Sewage treatement - (Installed capacity 000 MLD)

Gap

Source:Central Pollution Control Board

Welspun SmartOps – Unique proprietary Bioengineered Solution S.A.B.R.E*

Low on Capex & Opex

No Drain Network

Low Land Footprint – Up to 1/5th

Welspun SmartOps Treatment Plants

No Pumping Station

Low Deployment Time – Up to 1/10th

Low Energy Cost – Up to 1/10

*Stabilized Aerobic & Anaerobic Bioengineered Reaction Environment

Key Projects

Holy Durga Kund, Varanasi (Uttar Pradesh): Rejuvenation completed

Chandrabhaga River, Vitthal Mandir (Pandharpur, Maharashtra): Project handover scheduled in June 2025

Building Water Resilience in India

Mathura Project: The work is underway.

•

India’s length of NH increased to 146,000+ kms (by 2023)

• Additional 50,000+ kms to be added

• PPP is going to be one of the way to ensure

above development

₹ 3.0 tn Across Focus Segments

ROADS

TUNNELLING

Public Private Partnerships – ₹ 2.0 tn

Large Diameter Tunnels - ₹ 1.0 tn

Welspun Michigan Engineers Ltd. (WMEL)* (Point to consider)

*(Formerly known as Michigan Engineers Private Limited)

About Welspun Michigan Engineers Ltd. (WMEL)

WMEL, now part of Welspun World was established in 1973. WMEL is positioned as a prominent EPC company in India with specialisation in niche business of Tunnelling and Pipeline Rehabilitation in the water & waste water segment.

Pioneer and leader in the niche segment of Trenchless Technology in India, with projects in Mumbai, Delhi, Kolkata, Gujarat & Odisha

Strong working relationships with Municipal Corporations which are. responsible for development and maintenance of Urban infrastructure in Indian cities

An integral aspect of our operations is vertical integration, which includes the presence of an in-house manufacturing and fabrication facility. This strategic setup allows us to maintain a high degree of control and quality assurance throughout the production

WEL holds 60% stake in WMEL

Proven track record (WMEL)

 Tunneling teams can execute projects requiring pipes ranging from 450 mm diameter to 3850 mm diameter.

 Marine teams can

execute dredging using drill blast to lay pipelines underwater.

 Urban teams can build deep excavation pumping stations upto 36 cusecs handling capacities.

 Successful track record of

executing numerous projects across India’s largest Metropolitan cities including Mumbai and New Delhi.  Executed variety of urban specialty infrastructure projects including Marine, Bridges, Sewage and Drainage involving mechanized tunnelling solutions, pumping stations, lake taps etc.

 Strong vertical integration with in-house engineering, fabrication and assembling capabilities.

 In house manufacturing of all the RCC pipes and segments required for the micro tunneling and segment lining projects.

 Company also manufactures the GRP and CIPP liners for rehabilitation jobs

Capability to execute complex projects

Flood mitigation in Mumbai City Watch Video

Welspun Michigan Engineers (WMEL) - Snapshot

60% Subsidiary –Expertise and reach of WelspunGroup to transform Growth Trajectory

Financial Snapshot

Unexecuted Order book of ~ 2900 cr including subcontracting of DGT order by WEL

Financial Year (₹. cr.)

FY21 FY22 FY23 FY24 FY25 CAGR

Rehab 13%

Bridge 3%

Revenue

209

293

320 412 668

34%

EBITDA

99 144

38%

EBITDA Margin

19% 20% 22% 24% 21%

Pumping Station 21%

Marine 1%

Tunneling 62%

 Segment tunneling  Micro tunneling • Rehabilitation of Underground pipelines

• Deep Storm water pumping stations • Underwater, Drilling, Blasting, Dredging • Bridges, Subways

• SmartOps

WEL - ESG At The Core

Leading Practices - Environment, Health & Safety

GHG Inventory and Data Management

• Scope 1 & 2 emission adopted India GHG inventory program, IPCC Guidelines for

National GHG inventories and Central Electricity Authority (CEA) India

Water Management

• Regular trainings & awareness sessions for water savings, reducing

bottled water consumption & Active tracking of domestic & processed

Health and Safety

• Various HSE campaigns like Road Safety, National Safety Day,

World Environment Day, etc. were organized for Transportation & Water business projects

• WEL HSE received recognition at multiple forums, securing 5 HSE awards from CIDC (GOI), OHS India & World Safety Organization for ongoing projects i.e. ASRP, VARP & UPJJM

ESG Disclosures

• Published 1st Business Responsibility & Sustainability Report (BRSR) • Received C-CDP ESG rating, aspiring for higher rating in FY24-25

Governing Purpose

source points encompassing 16 contractors

• Monitoring data from all projects sites involving 10 parameters from 37

• Adopted Core governing principles of Transparency & Accountability, Board Oversight Committees, Code of Ethics and Climate-Related Risk management

Key Performance Highlights ESG

Leading Practice – CSR initiatives 3Es

Audit Committee

• 3 Members - all Independent Directors

Nomination & Remuneration Committee

• 3 Members - all Independent Directors

Stakeholders’ Relationship, Share Transfer & Investors’ Grievance

• 3 Members - all Independent Directors

Risk Management

• 3 Independent Directors & Managing Director

Environment, Social & Governance & Corporate Social Responsibility

• 3 Independent Directors

Project Review

• 2 Independent Directors & Managing Director

Summary Historical Financials

Highway Portfolio Monetization - Actis Deal

Project Name

Contract Type

Authority /Client

Status

In ₹ Cr.

2,309

1,715

1.5x

Delhi-Meerut Expressway (Pkg 1)

Chutmalpur-Ganeshpur

Gagalheri-Saharanpur-Yamuna nagar

Chikhali-Tarsod

Maharashtra Amravati (Pkg AM 2)

HAM

NHAI

COD achieved

MH PWD

COD achieved

Mukarba Chowk – Panipat

BOT (Toll)

NHAI

PCOD achieved

Receivables

Obtained all necessary regulatory and statutory approvals for First Closing and divestment of 100% stake in HAM assets and 49% stake in BOT toll assets from NHAI, PWD and lenders.

Received ₹ 244.5 cr. against total receivable of ₹ 259.5 cr From Actis

₹ 269 cr. to be received from Actis on 51% equity approval from NHAI for Mukarba Chowk – Panipat project

Equity Invested (Book Value)

Proceeds from Divestment

~₹ 6,000 Cr. Enterprise Value

#Excl. ~₹ 3,000 Cr. Construction linked milestone / grant payments received/receivable from NHAI and PWD -Government of Maharashtra

~₹ 3,544 Cr. Debt* As on the date of First Closing

*includes the undisbursed portion of ₹ 92 cr.

Summary Standalone Financial Highlights

Particulars (₹ cr.)

Revenue

Operating EBITDA

Other Income

Exceptional income

Finance Cost

Depreciation

Tax

PAT (With Exceptional)

PAT Margin

FY-21

1,410

169

108

7.5%

FY-22

1,307

144

FY-23

2,676

237

510

710

7.1%

25.6%

FY-24

2,450

337

102

111

285

11.2%

FY-25

2,827

348

106

105

308

10.5%

Steady & Prudent Growth

 Revenue CAGR of ~19% delivered over 5 years from FY21 to FY25

 Average PAT margin of ~12.4% over a 5 years period encapsulates our strategy of Value Creation through monetization of project

portfolio

 Early and successful creation of Water vertical, to accelerate growth

Balance Sheet Summary

Particulars (₹ cr.)

Gross Debt

Cash & Cash Equivalent

Net Cash

Net Worth

Core Investments

Long Term Investments

Payback to Investors

FY-21

FY-22

602

381

-221

1,819

1,622

320

502

194

-307

1,894

1,812

393

FY-23

292

1,842

1,549

2,465

488

424

135

FY-24

FY-25

923

2,422

751

448

1,061

2,690

737

469

42*

Value Creation at its Core

 Returned over ₹ 800 crore by way of dividends & buyback over FY18-FY24

 Net worth increased from ~ ₹ 1,350 crore in FY17 to ~ ₹ 2,689 crore in FY25

 Well placed for next leg of growth

*Dividend recommended by board, subject to shareholders approval in the AGM

ROE (%)

(

EBITDA Margin (%)

FY20

FY21

FY22

FY23

FY24

FY25

FY20

FY21

FY22

FY23

FY24

FY25

RoCE (%)

FY20

FY21

FY22

FY23

FY24

FY25

Consolidated

Market Capitalization (INR Cr)

6900

A sharp 63% CAGR returns over FY20-25

4207

2895

1620

1093

590

8000

6000

4000

2000

FY20

FY21

FY22

FY23

FY24

FY25

APPENDIX

Existing Portfolio of Projects

HAM: Aunta - Simaria (Ganga Bridge with Approach Roads)

HAM: Sattanathapuram – Nagapattinam

EPC: Varanasi Aurangabad NH2 Project

EPC: UP State Water and Sanitation Mission

EPC: Dharavi Wastewater Treatment Facility (Mumbai)

EPC: Bhandup Water Treatment Complex (Mumbai)

EPC: Water Conveyance Tunnell (Mumbai)

BOT: Dewas Water

Investment in oil & gas blocks: potential value accretion

Portfolio of Welspun Michigan Engineers Projects

Diversified Infrastructure Portfolio

Project Names

Contract Type

Authority / Client

Status

Water/ Wastewater

Treatment

Tunneling

Dewas Water

UP State Water and Sanitation Mission

Bhandup Water Treatment Complex (Mumbai) Dharavi Wastewater Treatment Facility (Mumbai)

Dharavi Ghatkopar Tunnel (DGT)

Welspun Enterprises

Road Assets

Oil & Gas

Welspun Michigan Engineers

Aunta-Simaria (ASRP)

Sattanathapuram-Nagapattinam (SNRP) Varanasi Aurangabad NH2 Project (VARP)

3 Oil & Gas Blocks

3 Segment Tunnelling Projects

6 Micro Tunnelling Projects

6 Pumping Station Construction

3 Sewer Line Rehabilitation

2 Bridges

1 Marine Disposal Line Replacement

BOT

EPC

HAM

EPC

MPSIDC

Operational

SWSM

BMC

MCGM

NHAI

Under Execution

SIVAPTL

Under Execution

BMC

Revenue from first block expected in FY27-28

Under Execution

BMC/NMMC

Under Execution

BMC/AMC

Under Execution

BMC

MIDC

Under Execution

HAM Aunta-Simaria (Ganga Bridge with Approach Roads)

SCOPE Six- Laning from Aunta- Simaria (Ganga Bridge with Approach Roads) Section from km 197.9 to km 206.1 of NH-31 in Bihar. Includes widest extradosed bridge on Ganga river

STATUS NHAI declared the Appointed Date as 30th August 2018

The project is almost completed.

BARAUNI REFINERY

SIMARIA

MALHIPUR

AUNTA

Project details

Project Length (Kms)

Acquisition Date

Financial Closure

Appointed Date

Scheduled Construction Period

08.15 Km

Aug 2018

Achieved

30th Aug 2018

42 Months^

Concession Period after COD

15 Years

^ PCOD recommended by IE on 26thApril 2025

Project cost & financing * (₹ Cr.)

Bid Project Cost (with forecasted escalation)

Means of Finance

NHAI

Debt

Sponsor’s Commitment

First year O&M Payment (excluding escalation) *Forecasted figures

1,560.0

624.0

648.0

188.0

9.9

HAM Sattanathapuram- Nagapattinam (SNRP)

SCOPE 4 laning of Sattanathapuram to Nagapattinam (Design Ch Km 123.8 to Km 179.6) section of NH-45A (New NH -332) in Tamil Nadu

STATUS Received Appointed Date on 5th October 2020 with 4 lane road & 4 lane structures as against 4 lane road & 6 lane structures specified in the Concession Agreement

The project is under execution.

SATTANATHAPURAM

NAGAPATTINAM

Project details

Project Length (Kms)

55.755 Km

Award Date

Financial Closure

Appointed Date

Scheduled Construction Period

July 2018

Achieved

5th Oct 2020

24 months^

Concession Period after COD ^ EOT up to 31st Oct 2025

15 Years

Project cost & financing * (₹ Cr.)

Bid Project Cost (with forecasted escalation)

Means of Finance

NHAI

Debt

Sponsor’s Commitment

First year O&M Payment (excluding escalation)

* Forecasted figures

2,511.0

1,000.9

1,057.0

265.0

5.0

EPC Varanasi Aurangabad NH2 Project (VARP)

SCOPE

Six laning of Varanasi –

Aurangabad section of NH-2

from km 786.00 to km 978.00

(length 192.400 km) in the

State of Uttar Pradesh & Bihar

Project details

Project Length (Kms)

192.4

Original Contract

Commencement Date

Construction Period

Additional Contract

30th Sep 2021

24 Months

Construction Start Date

May 2022

Construction End Date

Nov 2023^

^ EOT up to 30th Jun 2025

Status •

Total contract value of ~₹ 3,266 Cr. (excluding GST)

EPC UP State Water and Sanitation Mission

SCOPE

Rural Water Supply project

under Jal Jeevan Mission by

State Water Sanitation Mission

UP, scope includes Survey,

Design, Preparation of DPR,

Construction, Commissioning

and O&M for 10 years of

various Rural Water Supply

Projects in the State of Uttar

Pradesh

Project details

Project Scope

Est aggregate contract value (excluding O&M value and GST)

Water Supply to Villages

₹ ~ 2,800 Cr.

S No. Revenue

District

Division

No of Villages

Varanasi

Jaunpur

Varanasi

Sant Ravidas Nagar

Ayodhya

Ambedkar Nagar

Ayodhya

Amethi

Meerut

Bulandshahr

747

877

241

240

439

Total No of Villages

2,544

EPC Wastewater Treatment Facility - Mumbai Sewage Disposal Project, Dharavi

SCOPE

Design, Build, Operation and

Maintenance of 418 MLD

Dharavi Wastewater

Treatment Facility including

209 MLD Tertiary treatment

facility under Mumbai Sewage

Disposal Project, Stage II

(Priority Works)

Above is a 3-D model

Project details

Contract period

60 Months for Design Build, 15 years of operation and maintenance

Status

LOA received on May 27, 2022

Project Commencement date – July 4, 2022 Total consideration of ~₹ 4,636 Cr. (inclusive of GST)

EPC Dharavi Project - India’s First Multi-Storeyed Wastewater Treatment Facility

• A first-of-its-kind project in the country, this facility is being constructed vertically, due to the space constraints at the project site.

• Being built on just 12.7 acres

of land, it has one of the lowest footprint per MLD

• Capable of treating sewage

generated by a population of nearly 3.5 million people

• 50% of this treated

wastewater will be tertiary treated

Above is a 3-D render

EPC Water Treatment Plant – Bhandup Complex, Mumbai

SCOPE

Design, Build, Operation and

Maintenance of 2,000 MLD

Water Treatment Plant at

Bhandup Complex, Mumbai.

Above is an illustrative image

Project details

Contract period

48 Months for Design Build, 15 years of operation and maintenance

Status

LOA received on Feb 29, 2024

Received Notice to Commence effective July 23, 2024

Total consideration of ~₹ 4,123.8 Cr. (inclusive of GST)

EPC Water Conveyance Tunnel from Dharavi WWTF to Ghatkopar WWTF– Mumbai

SCOPE

Design and construction of

Tertiary Treated Water

Conveyance Tunnel of 8.48km

length with a 3,500 mm bored

diameter.

Above is an illustrative image

Project details

Contract period

93 Months for Design Build of a 8.48 km tunnel with a 3,500 mm bored diameter

Status

LOA received on Oct 8, 2024

Received Notice to Commence effective Nov 29, 2024

Total consideration of ~₹ 1,989.4 Cr. (Excluding GST)

BOT Dewas Water

Sector

Project Name

Location

COD

Concession End

Water Supply

Dewas Water*

Apr-20

Jun-37

*Dewas Water – Modified Project

 Modified project involves the supply of treated water of up to 23 MLD to industrial customers in

Dewas

 FY25 revenue stands at ₹ 13.0 Cr. with EBITDA of ₹ 7 Cr.

• Adani Welspun Exploration Ltd (AWEL), a 65:35 JV between Adani Group & WEL, is the key investment vehicle, with 2 blocks in development

• MB-OSN-2005/2 “Mumbai Block” (100% stake) – Field Development Plan (FDP) is awaiting DGH clearance

• B9 Cluster (100% stake) - FDP is in place

• The above blocks have potential Gas Initially in Place (GIIP) in

the range of 600 billion cubic feet

• Expect Revenue to commence in FY27/28

• Future capital spend decision will be post FDP approval and

subject to Board clearance

Thank You

For further details please contact

investorrelations_WEL@welspun.com/Sangeeta_tripathi@welspun.com Sangeeta Tripathi- Head Investor Relations Mr Salil Bawa, Head – Group Investor Relations

CORPORATE OFFICE WELSPUN ENTERPRISES LIMITED CIN: L45201GJ1994PLC023920 C/8, BKT House, Trade World, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, India

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