Welspun Living Limited

rs,

EC/2025 November 13, 2025 BSE Limited Department of Corporate Services, SP. J. Towers, Dalal Street, Mumbai – 400 001 (Scrip Code‐514162) National Stock Exchange of India Limited Li

20%

Recapping Last Year Capital Allocation Focus, Exit non-core Guide to hi-quality return ROCEs @ ~20% across companies Revenue CAGRs @ 15-20% EBITDA margins @ mid-teen Credit rating Other fundamen

₹30,000 Crore

(Plastic Pipes & Tanks, TMT) Integrated producer from steel-making to finished products REVENUE ~₹30,000 Crores EBITDA ₹4,000+ Crores Workforce 35,000+ Customer Presence in 50+ Countries Associated with fort

₹4,000

, TMT) Integrated producer from steel-making to finished products REVENUE ~₹30,000 Crores EBITDA ₹4,000+ Crores Workforce 35,000+ Customer Presence in 50+ Countries Associated with fortune 100 (O&G ma

25.0%

FY 21 FY 22 FY 23 FY 24 FY 25 WELSPUN GROUP EBITDA 3,935 4,039 2,743 2,770 2,070 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% 4100 2900 1700 500 35,000 30,000 25,000 20,000 15,00

20.0%

1 FY 22 FY 23 FY 24 FY 25 WELSPUN GROUP EBITDA 3,935 4,039 2,743 2,770 2,070 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% 4100 2900 1700 500 35,000 30,000 25,000 20,000 15,000 10,

15.0%

2 FY 23 FY 24 FY 25 WELSPUN GROUP EBITDA 3,935 4,039 2,743 2,770 2,070 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% 4100 2900 1700 500 35,000 30,000 25,000 20,000 15,000 10,000 5

10.0%

3 FY 24 FY 25 WELSPUN GROUP EBITDA 3,935 4,039 2,743 2,770 2,070 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% 4100 2900 1700 500 35,000 30,000 25,000 20,000 15,000 10,000 5,000

5.0%

4 FY 25 WELSPUN GROUP EBITDA 3,935 4,039 2,743 2,770 2,070 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% 4100 2900 1700 500 35,000 30,000 25,000 20,000 15,000 10,000 5,000 - 5,

0.0%

25 WELSPUN GROUP EBITDA 3,935 4,039 2,743 2,770 2,070 25.0% 20.0% 15.0% 10.0% 5.0% 0.0% 4100 2900 1700 500 35,000 30,000 25,000 20,000 15,000 10,000 5,000 - 5,000 4

17.4%

10,000 5,000 - 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 - ROCE 17.4% 15.4% 9.7% 23.7% 21.8% FY 21 FY 22 FY 23 FY 24 FY 25 WELSPUN GROUP NET DEBT 1.3 1.5 41

15.4%

0 5,000 - 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 - ROCE 17.4% 15.4% 9.7% 23.7% 21.8% FY 21 FY 22 FY 23 FY 24 FY 25 WELSPUN GROUP NET DEBT 1.3 1.5 4182 357

“34 Data Centers  Medium term requirement for NG - 8 to 10 bcfd  This will require dedicated 4 to 5 pipelines”

“CAGR of 10%  Technology partners- Xylem, Veolia, etc.”

“ Rapidly expanding highway network ~1,46,000 kms in 2025 to ~1,85,000 kms in 2030  Clear focus on BOT (Toll) and HAM projects  Stringent NHAI norms plus larger project sizes present a huge opportunity for well capitalized players  Tunnelling - a solution for urbanization  ~ 3,000 km in 10 years as against ~2,500 km in 75 years.”

“Additional medium term order book ~ ₹ 65,000 - ₹ 70,000 Crores TAM- Total Addressable Market 52 Governance Goals - Stakeholder focused”

Welspun Living

1

Reciprocal Tariff

1

Strengthening Market share

1

Building the next frontier

1

Sustainability

1

Value Chain

1

Prudent capital allocation

1

Asset light

1

Welspun Living

Global Home Solutions Leader Near term headwinds because of the largest market in the US.. Tariff..tariff…tariff . e s o p r u p n o i t a t n e s e r p e r r o f l y n o , e a c s l o t t o n p a M $1.25 Bn Revenue 14-15% EBITDA (avg.) 50+ Countries ROW 8% 47 Patented Technologies Top 4 Globally in ESG #1 in India (DJSI) Top 10 India’s Best Companies to work for 20 The Tariff Tango…

Reciprocal Tariff

India: Strong, Stable, Sustainable Sourcing Hub India 50% China 27.5% Fentanyl-linked duties lowered to 10% Pakistan Bangladesh Vietnam 19% 20% 20% Turkey 15% 40% additional tariff on transshipments India’s rising trade - Upcoming FTAs: Any kind of challenges gives an opportunity Economic Strength Trade Agreements Raw Material & Workforce Government Initiatives like GST India-US BTA in progress Aim to enhance their bilateral trade volume to $500 billion by 2030 21 Future Opportunity Canada CEPA ~$ 1.5 Bn* UK FTA $ 4-5 Bn* EU FTA $ 25-30 Bn* UAE CEPA $ 1-1.5 Bn* GCC/ ME $ 2-2.5 Bn* ASEAN Regions ~$ 15 Bn* Australia ECTA $ 2-2.5 Bn* FTAs under discussion FTAs implemented New Zealand FTA $ 300 Mn* Note: * Indicates home textile market size (Source: Mordor Intelligence, Internal analysis) Map not to scale, only for representation purpose. 22 Global Footprint & Category Expansion Scaling Onshore in US through Pillows

Building the next frontier

ROW business $1.5 Bn Us market 2nd most sold (by units) after bath towels 13.5 mn pcs Annual capacity of Ohio facility 10.8 mn pcs Upcoming Investment in Nevada $110M Revenue potential #1 Exporter of Towels to UK from India ~20% current share of business ~7% current share of business #1 Vision to be global market leader in Towels 2X-3X growth potential with upcoming FTAs 100+ countries vision from current footprint of 50+ IKEA 23 Steady Track Record in Last 5 Years REVENUE (₹ Crores) PROFITABILITY % CAGR 9% 9377 8215 10697 9825 6836 7408 12000 10000 8000 6000 4000 2000 0 19.2% 19.2% 15.2% 12.3% 13.8% 13.4% 15.4% 14.6% 13.6% 12.9% 10.6% 5.7% FY20 FY21 FY22 FY23 FY24 FY25 FY20 FY21 FY22 FY23 FY24 FY25 CAPEX (₹ Crores) 701 525 453 543 275 275 FY20 FY21 FY22 FY23 FY24 FY25 EBITDA % ROCE % NET DEBT (₹ Crores) 2333 1.6 2229 1.8 1.6 1534 1603 1.1 1354 0.9 2.5 2.0 1.5 1.0 0.5 0.0 2962 2.3 3500 3000 2500 2000 1500 1000 500 0 FY20 FY21 FY22 FY23 FY24 FY25 Net Debt Net Debt/EBITDA Uncertainty in

Sustainability

Growing Business Responsibly S&P Global ESG Score 8 2021 48 2022 59 2023 66 2024 83 2025 83 / 100 Global Rank Top 4 India: Rank 1 in Textile, Apparel & Luxury category Goal 2030 100% Carbon Neutral (measured as % RE) 100% Sustainable Cotton 0 Fresh Water (+) in Production operations 0 Hazardous waste to Landfill (MT) 1 Mn Lives in CSV (cumulative) Another example of how we used Crisis as an opportunity 26 Summary: Welspun Living We remain committed to long-term value creation Revenue ~ ₹15,000 Crores EBITDA Margin 15% - 16% Net Debt ~ ₹1000 Crores Regional Expansion Medium Term Aspiration ROCE % 15% - 18% Another example of how we used Crisis as an opportunity Category Expansion Scaling up Brands 27 28 Product Portfolio LARGE DIAMETER LINE PIPES Largest Player Globally DUCTILE IRON PIPES Formidable player in India and KSA Pipes up to DN 2600 (very few plants in the world) SINTEX WSSL National iconic brand with pan-India presence Integrated producer from stainless steel- making to finis

Value Chain

Line Pipes Power Plant & Turbines EPC AI Data Centers Servers 35 Summary: USA Largest Player Robust potential of 8,000 to 9,000 miles of Pipelines Robust growth potential 36 Pipes: Kingdom of Saudi Arabia Capacity (KMTPA) 500 HSAW (EPIC) + 350 LSAW* + 250 DIP* = >1MN MT TOTAL  To be the largest player in KSA  Greenfield projects: Both of them to be operational by Q1FY27  Impeccable track record with Aramco  DIP size range up to DN 2600 (very few plants in the world) *Upcoming Map not to scale, only for representation purpose. Welspun Presence 37 VISION 2030: Kingdom of Saudi Arabia  New Energy: capture 25% of the global hydrogen demand by 2030  Oil for Exports and NG for Domestic Consumption  Gas Production  Water Transmission  Water Distribution  Export Opportunity  4,000 KM of Pipelines for O&G  2,000 KM of Large Dia Transmission Lines (HSAW) for Desalinated water  Import Substitution of 200 KMT of DIP for Infra, Sewage and Water Distribution 38 Pipes: India Capacity (KM

Asset light

6 assets monetized, ASRP on track for monetization Independent & Strong Board: All statutory committees chaired & comprise of majority Independent Directors 53 Steady Track Record in Last 5 Years* CAGR ~14% CAGR ~25% 3,695 8,437 8,400 10,100 1,530 1,401 13,800 14,354 2,758 2,872 FY 21 FY 22 FY 23 FY 24 FY 25 FY 21 FY 22 FY 23 FY 24 FY 25 Order Book (in ₹ Crores) Revenue (in ₹ Crores) CAGR ~24% 730 616 313 323 391 FY 21 FY 22 FY 23 FY 24 FY 25 EBITDA (in ₹ Crores) * At Consolidated level 54 Steady Track Record in Last 5 Years Net Debt/Equity 1.0 1.1 FY-21 FY-22 FY-23 -0.6 0.1 FY25 FY-24 -0.2 1.5 1.0 0.5 0.0 -0.5 -1.0 RoCE 18.3% 18.3% 16.1% 10% 10% 20% 15% 10% 5% 0% FY-21 FY-22 FY-23 FY-24 FY25 350 300 250 200 150 100 50 0 Payback to investors (₹ in Crores) 303 135 30 22 41 FY-21 FY-22 FY-23 FY-24 FY25 55 Green - Sector leading in ESG Rating CRISIL 55 Progressive Industry Average Sustainalytics 36 Stable Transition Zone Advancing Low-Carbon Infrastructure Note: ESG Data. FY 24 - 25 56 Su