TENNINDNSE5 December 2025

Tenneco Clean Air India Limited has informed the Exchange about Investor Presentation

Tenneco Clean Air India Limited

TENNECO CLEAN AIR INDIA LIMITED (formerly known as Tenneco Clean Air India Private Limited) CIN: U29308TN2018FLC126510 Telephone: +2135 612501/506 Email: Tennecoindiainfo@tenneco.com Website: www.tennecoindia.com

Date: 5th December, 2025

To National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra Kurla Complex, Bandra (E), Mumbai – 400051 Scrip Symbol: TENNIND

To BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Mumbai – 400001 Scrip Code: 544612

Sub: Investor Presentation

Dear Sir/Madam,

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation of our intimation letter dated 2nd December, 2025 wherein we had informed the schedule of the Earnings Conference Call for the quarter and half year ended on September 30, 2025, please find enclosed herewith the presentation to be made at the earnings conference call scheduled today i.e, on 5th December, 2025.

Further, https://tennecoindia.com/investor-relations/.

the above presentation will also be uploaded on

the Company’s website at:

You are requested to kindly take the same on record.

Sincerely, For Tenneco Clean Air India Limited (Formerly known as Tenneco Clean Air India Private Limited)

____________________________ Roopali Singh Company Secretary and Compliance Officer Membership No: A15006

Place: Pune

Encl: As above

Registered Officer: RNS2, Nissan Supplier Park, SIPCOT Industrial Park Oragadam Industrial Corridor, Sriperumbudur, Taluk, Kancheepuram, Kancheepuram, Tamil Nadu, India, 602105

INVESTOR P R E S E N TAT I O N Q 2 & H 1 F Y 2 0 2 6

Date | Strictly private and confidential

PRIVILEGED & CONFIDENTIAL

is furnished solely for This presentation and the accompanying slides (the “Presentation”), prepared by Tenneco Clean Air India Limited (the “Company” or “TCAIL”), informational purposes without regard to any specific investment objectives, financial situations, or informational needs of any particular person, and shall not constitute, or be relied upon in connection with, any offer, solicitation, or invitation to subscribe for or purchase any securities of the Company. No offering of securities will be made except by means of a statutory offering document containing detailed information about the Company. Nothing herein shall form the basis of, or be relied on in connection with, any contract or binding commitment whatsoever.

This presentation and its contents are confidential and may not be copied, reproduced, distributed, or disseminated, directly or indirectly, in any manner without the prior written consent of the Company. Any failure to comply with these restrictions may constitute a violation of applicable law in certain jurisdictions. By reviewing this presentation, you agree to be bound by these restrictions and to maintain strict confidentiality regarding the information contained herein.

The information and data contained in this presentation have been compiled from sources the Company believes to be reliable; however, the Company makes no representation or warranty, express or implied, as to the accuracy, completeness, fairness, or reasonableness of such information. This presentation may not contain all of the information that you may consider material, and no reliance should be placed on the contents herein. The Company expressly disclaims any and all liability for any loss arising from, or in reliance upon, the whole or any part of this presentation.

This presentation may contain forward-looking statements, including, without limitation, statements regarding the Company’s market opportunity, financial performance, growth prospects, strategy, technological developments, and business plans. Such statements can often be recognized by the use of words such as “expects,” “plans,” “will,” “estimates,” “projects,” “intends,” or words of similar meaning. These 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, including but not limited to macro-economic conditions, competitive pressures, regulatory changes, changes in market preferences, execution challenges, and other risks. Actual results may differ materially and adversely from those expressed or implied herein. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law. Any forward-looking statements or projections made by third parties included in this Release are not adopted by the Company, and the Company is not responsible for such third-party information.

AGENDA Table of Contents

▪ Section 1 - About Tenneco Clean Air India Limited

▪ Section 2 - Industry Overview

▪ Section 3 - Competitive Strengths

▪ Section 4 - Strategies

▪ Section 5 - Q2 & H1 FY2026 Financial Highlights

Section 1 About Tenneco Clean Air India Limited

Strong global parentage with long term customer relationships

Tenneco Group

Global Presence

• Global Tier 1 player and market leading automotive component supplier

28 Countries1

US$16,777mn CY24 Revenue

180 Manufacturing plants1

•

Trusted partner of choice with long-term customer relationships across 100+ customers

Scale platform with high degree of localization manufacturing highly engineered products and systems for Automotive, Off-highway and Industrial segments

5k+ Patents2

7.5k+ Trademarks2

~59,400 Employees1

39 R&D and Technical Centers1

Tenneco Group Awards

• Global engineering and manufacturing footprint strategically located to serve global customer base with competitive cost position and scalable deployment

2024

Cummins’ Best Supplier Award

2024

GM Supplier of the Year Award

Product categories

Segment

Clean Air

Powertrain

Ignition

Performance solution

DRiV

Product categories

• Hot/ Cold end exhaust system

• Pistons • Piston rings • Valves, Valve

seats & Guides,

• Bearings & Sealings

• Spark plugs •

Ignition coils

• Advanced ride

solutions

• Braking • NVH • Systems

protection

• Aftermarket

Source: RHP Notes: 1. As of December 31, 2024. 2. As of June 30, 2025

2023

Ethisphere’s World’s Most Ethical Companies

2023

EcoVadis’ Sustainability Ratings - Gold

Our Purpose

Core Values

To be the most trusted partner and the world’s best manufacturer and distributor in the transportation industry.

Radical Candor

Simplify

Organizational Velocity

Tenacious Execution

Win

Core Enablers to fulfill Tenneco’s Purpose

Safety & Security

Operational Excellence

Strategic Execution

Source: RHP Note: OSE: Office of Strategic Execution

Execute to Zero Get Home Safe

Simplification and streamlining throughout the business

A unique combination of scale and skill that makes us the preferred vendor in India's competitive auto components landscape

FY2025

Revenue / VAR1 INR bn

EBITDA Margin2 %

PAT Margin3 %

ROCE4 %

Revenue from Operations

Value Added Revenue

16.7%

11.3%

18.6%

12.6%

56.8%

Competitive advantage

✓

Global parentage, cutting edge R&D and ability to localize technology

✓

Market leader with presence in India over decades

✓

Margin and ROCE driven by in-house operating model

✓

Experienced leadership and independent board governance

✓

Unlocking future growth driven by content increase, stickiness, new segments and exports

Source: RHP Notes: 1 VAR: Value Added Revenue means revenue from operations after excluding the cost of substrates; 2. EBITDA Margin (%)(Basis Revenue from Operations) is calculated as EBITDA as a percentage of revenue from operations 3. PAT Margin (%) or PAT Margin (%) (Basis Revenue from Operations) is calculated as Restated profit for the year as a percentage of Revenue from Operations 4. Return on Capital Employed is calculated as earning before interest and taxes (EBIT) as a percentage of Capital Employed. EBIT is calculated as Restated profit for the year plus finance cost plus total tax expense less other income. Capital employed is calculated as sum of Total Equity, Total Debt (including lease liabilities), Deferred tax liabilities minus Intangible assets, Deferred tax assets, Capital redemption reserve, Capital Reserve on Business Combination and Capital reserve.

Supplying critical systems that keep India's vehicles running cleaner, safer and smoother

We build and supply the critical systems that keep India’s passenger, commercial and off-highway vehicles running cleaner, safer and smoother, supported by decades of engineering depth, diversified capabilities and consistent delivery to the country’s largest OEMs.

Leader in Clean Air Solutions to Indian Commercial Trucks OEMs (57% market share)1

Leader in Shock Absorbers and Struts to Indian Passenger Vehicle OEMs (52% market share)1

Leader in Clean Air Solutions to Off-Highway OEMs (68% market share)1

Operational Highlights

Financial Highlights

45+ years of operations

Top 2 Market position across key segments2

119 customers served

20 Countries Exported

12 Manufacturing facilities 2 R&D technical centers

1,950+ full-time people employed

₹44bn FY25 VAR (₹49bn revenue from operations)

18.6% FY25 EBITDA margin3 (16.7% on revenue from operations)

12.6% FY25 PAT margin4 (11.3% on revenue from

operations)

5.9% FY23–25 VAR CAGR

56.8% FY25 ROCE5

(24) FY25 Cash Conversion Cycle Days6

1. Market Share in terms of value / revenue basis FY2025, 2. Key segments include clean air solutions to CT and OH (excluding tractors), 3. EBITDA Margin (%) (Basis VAR) is calculated as EBITDA as a percentage of VAR, 4. PAT Margin % (Basis VAR) is calculated as Restated profit for the year as a percentage of VAR, 5. Return on Capital Employed is calculated as earning before interest and taxes (EBIT) as a percentage of Capital Employed. EBIT is calculated as Restated profit for the year plus finance cost plus total tax expense less other income. Capital employed is calculated as sum of Total Equity, Total Debt (including lease liabilities), Deferred tax liabilities minus Intangible assets, Deferred tax assets, Capital redemption reserve, Capital Reserve on Business Combination and Capital reserve. 6. Cash Conversion Cycle is calculated as the sum of Receivable Days and Inventory Days less Payable Days, rounded to the nearest whole number. Receivable Days is calculated as average trade receivables divided by (revenue from operations divided by 365 for Fiscals or 91 for the three months ended June 30 (as applicable)), rounded to the nearest whole number. Inventory Days is calculated as average inventories divided by (cost of goods sold divided by 365 for Fiscals or 91 for the three months ended June 30 (as applicable)), rounded to the nearest whole number. Cost of goods sold comprises Cost of Materials Consumed, Purchases of Stock in Trade and Changes in inventories of finished goods, semi-finished goods and Stock in trade. Payable Days is calculated as average trade payables divided by (total purchases divided by 365 for Fiscals or 91 for the three months ended June 30 (as applicable)), rounded to the nearest whole number. Purchases includes purchase of stock-in-trade, raw materials and packing materials. Average Trade payable included payables for purchases and vendor bill financing

8 8

VAR: Value Added Revenue means revenue from operations after excluding the cost of substrates

From single plant to a Leader in Clean-Air and Powertrain (7 plants and an R&D Tech Center) & Advanced Ride Technologies (5 Plants and an R&D Tech Center)

1979 Commencement of operations Bearings plant established in Parwanoo

1997–2000 Diversification into multiple product lines Sealings (Pune), Ignition (Bhiwadi), and first Clean-Air plant (Pune)

2018 Scale & global integration Tenneco acquires Federal-Mogul

2025 IPO milestone Listed as Tenneco Clean Air India Limited

1983 Entry into Ride Technologies First Advanced Ride Technologies plant set up in Hosur

2006–2010 Deepening manufacturing capability Continued to add facilities and grow. Sintered components facility (Puducherry) and Clean-Air facility in Chennai

2023–2024 Next-gen technology launches BS6.2 rollouts across Chakan I & II, Chennai, Pithampur; New-generation shock absorbers for SUV & EV platforms

Source: RHP .

Our Clean Air and Powertrain Solutions and Advanced Ride Technologies segments deliver diverse products for evolving mobility needs

Clean Air and Powertrain Solutions

Advanced Ride Technologies

52.6%

FY2025 VAR1: ~INR23bn

47.4%

FY2025 VAR1: ~INR21bn

Hot End / DOC & SDPF system

Cold End / Mufflers and resonators

Shock absorbers & strut assembly

Shock absorbers & strut assembly-semi active

Hot gasket

Heat shield

Main bearing

Spark plug and Ignition coil

Shock absorbers & strut assembly- passive

Shock absorbers & strut assembly- CV

Source: RHP Notes: 1 VAR: Value Added Revenue means revenue from operations after excluding the cost of substrates.

Section 2 Industry Overview

Uniquely positioned to benefit from industry tailwinds of growing customer base, stricter emissions norms and premiumization

Low vehicle penetration – Significant growth headroom

•

Increase in disposable income

• Faster economic growth, younger population

Volume CAGR FY2025-30P

Domestic PVs

Domestic CTs

Domestic Tractors

CEs

~4-6%

~3-6%

~5-7%

Tightening emissions norms increasing CPV3

• Emission norms require investment in engine

technology and after-treatment systems

Upcoming emission regulations

TREM2 V-2027

BS1 VII

CAFE4 III-2027-32

Accelerating premiumization increasing CPV3

•

Indian market is shifting to premium vehicles including SUVs

• Focus on driving experience, safety, advanced

features and comfort

500 FY2020

730 FY2024

Rising ASP trend5 INR thousands

28.9% 65.4%

FY2019 FY2025 Rising SUV share as a % of PV

India evolving as a key export hub

• Lower costs, supportive government policies &

strategic location near growing market

5.8 – 8.9% CAGR

1,923

FY25

Source: Crisil Report Notes: E: Estimated P: Projected 1. Bharat Stage; 2. Tractor Emission Regulation of India V emission standard; 3. CPV: Content per Vehicle; 4. Corporate Average Fuel Economy; 5. Based on OEM factory cost for Indian PVs

FY30P

Auto components export outlook INRbn

2,550-2950

Auto components sector expected to grow faster than overall auto market

INRbn

Clean air solutions1

Tenneco Clean Air India Limited relevant components

Domestic suspension2

8-10% CAGR

80-88

7.8-9.8% CAGR

164-180

FY25

Domestic spark plug2

5.2-7.4% CAGR

FY25

113

FY25

Bearings and sealings3

5.8-7.9% CAGR

FY30P

17-19

FY30P

FY25

FY30P

26-29

FY30P

Source: Crisil Report. Note: E: Estimated P: Projected OE: Original Equipment AM: Aftermarket 1. The catalytic converter considered above do not include the ceramic substrate or any catalyst elements. Tenneco only performs canning and packaging of the ceramic substrate and hence, it is not part of the current market size, or the Tenneco revenues considered for market positioning. 2. For OE and AM. OE includes 2W, 3W, PV, and SCV. AM includes 2W, 3W, PV, and SCV. 3. For OE and AM. OE includes PV, SCV, CT, OH and tractors for bearings and sealings, AM includes 2W,3W, PV and SCV for bearings. Components included in sealings are: Cold gaskets, Heat shield, Cylindrical head gasket, Turbo gasket and Exhaust system gasket

Section 3 Competitive Strengths

A unique combination of scale and skill that makes us the preferred vendor in India's competitive auto components landscape

FY2025

Revenue / VAR1 INR bn

EBITDA Margin2 %

PAT Margin3 %

ROCE4 %

Revenue from Operations

Value Added Revenue

16.7%

11.3%

18.6%

12.6%

56.8%

Competitive advantage

✓

Global parentage, cutting edge R&D and ability to localize technology

✓

Market leader with presence in India over decades

✓

Margin and ROCE driven by in-house operating model

✓

Experienced leadership and independent board governance

✓

Unlocking future growth driven by content increase, stickiness, new segments and exports

Competitive strengths

Market leading supplier in critical, highly engineered and technology intensive solutions to Indian and global OEMs

Strategically diversified portfolio of proprietary products and solutions

Innovation-focused approach aided by ability to leverage Tenneco Group’s global R&D initiatives

Flexible and automated manufacturing footprint of 12 strategically located plants

Strong financial performance supported by growth, profitability and efficient use of capital

Qualified and experienced board of directors and management team supported by skilled work force

Ensuring leadership or a top 2 position in key end markets we service

Passenger vehicles

Advanced Ride Technologies products

Engine bearings

Commercial Trucks

Clean Air Solutions

Engine bearings

Off Highway

Clean Air Solutions

Leader & Top 2 with 52%, 44% market share4 in Shock absorbers & Struts and Engine Bearings, respectively

2.7%

5.5%

6.8%

21.5%

INR 44 bn FY2025 Value Added Revenue1

63.5%

Leader & Top 2 with 57%, 34% market share4 in Clean Air Solutions and Engine Bearings, respectively

Leader with 68% market share4 in Clean Air Solutions

Passenger Vehicles

2 Commercial Vehicles (CT + OH)

Industrial / Others

Aftermarket

Other Operating Revenue

Source: RHP, CRISIL Report dt. Oct 2025 Note: 1. Value added Revenue (VAR) means revenue from operations after excluding the cost of substrates 2. CT: Commercial Trucks and OH: Off Highway 3. Excludes Tractors 4. Market Share in terms of value / revenue basis FY2025

Customized & tech intensive nature of products and time-consuming product approval processes ensures sticky customers

We Serve All Top 7 PV OEMs1 and All Top 5 CV OEMs1 in India

OEM 1

OEM 2

OEM 3

OEM 4

OEM 5

29 years

28 years

27 years

18 years

17 years

Business Divisions

Well diversified end markets

No single customer contributes more than 22% of VAR

Growing “Make in India” Platform

5.5% 2.7%

6.8%

19.7%

21.1%

6.4%

0.5%

# years of customer relationship

52.6%

FY25 VAR

47.4%

21.5%

FY25 VAR

63.5%

18.6%

FY25 VAR

40.6%

FY25 VAR

93.1%

Clean Air and Powertrain Solutions

Advanced Ride Technologies

Industrial/Others

Aftermarket

Top Customer

Top 2–5 Customers

Top 6–10 Customers

Others

Domestic

Export

Other Operating Revenue

Source: RHP Note: 1. Ranking of OEMs determined based on sales volume in Fiscal 2025.

Innovation focused strategy adapts global technology for India needs and price points

Standardized Global Engineering Processes

Localization Focused

Certified Test Facilities by Global Customers

5000+

Pending patent applications and granted patents worldwide(1)

7500+

Pending trademark applications & trademarks registrations worldwide(1)

Engineering and Technical Centers Worldwide(2)

Collaborative product development with a well known Commercial Truck OEM in India

✓ Co developed “C-Type”

Hot End

✓ 23% reduction in weight vs. prior generation ✓ 28% reduction in cost vs. prior generation ✓ Increased manufacturing productivity with

simpler architecture

Introduction of India’s first electronic suspension system for PV EV OEM

Solution

Impact

✓ Introduced variable semi- active suspension electronic dampers

✓ Improved ride comfort and stability for two flagship models ✓ Offered driver selectable modes

Note: 1. As of May 31, 2025 2. As of December 31, 2024

12 Manufacturing facilities and 2 R&D centers of global standards strategically located in key automotive OEM hubs in India

Clean Air and Powertrain Solutions

Advanced Ride Technologies

Chakan I

Chakan II

Chennai

Pondicherry

Sanand

Our R&D Tech Centers

Chakan

Hosur

Pithampur

Parwanoo - Bearings

Pune

Bawal

Chakan - Sealings

Bhiwadi - Ignition

Hosur

Clean Air

Cold Ends

Hot Ends

Installed Capacity

Capacity utilization

3 Mn

54.8%

2 Mn

80.6%

Powertrain

Spark Plugs

Bearings

Installed Capacity

Capacity utilization

51 Mn

96%

43 Mn

80.8%

Source: RHP Note: Data is as of March 31, 2025, and for Fiscal 2025

Advanced Ride Technologies

Struts & Shock Absorbers

Installed Capacity

21 Mn

Capacity utilization

83%

Parwanoo

Bawal

Bhiwadi

Sanand

Pithampur

Chakan Chakan I & II

Pune

Hosur

Chennai

Pondicherry

R&D Tech Center

Clean Air and Powertrain Solutions

Advanced Ride Technologies

Auto OEM hubs

Qualified and experienced board of directors

30+

20+

39+

MMC

Niranjan Kumar Gupta

Chairman, Independent Director Ex-CEO, Hero MotoCorp Limited

Jaidit Singh Brar

C M

Gopika Pant

Independent Director Ex-Senior Partner, McKinsey & Company India LLP

Independent Director Managing Partner, Indian Law Partners

21+

25+1

M M

28+1

24+

Arvind Chandrasekharan

Manavendra Singh Sial

Prakash Mahesh

Nathan Patrick Bowen

Utsav Baijal

Whole Time Director & CEO, Tenneco Clean Air India

Non-Executive Director Executive VP and CFO, Tenneco LLC

Non-Executive Director Executive VP & President - Performance Solutions, Tenneco LLC

Non-Executive Director Executive VP and Group President (Clean Air, Powertrain and Champion) Tenneco LLC

Non-Executive Director Partner, Apollo Global Management

C Chairperson

M Member

Audit Committee

Nomination and Remuneration Committee

Stakeholders’ Relationship Committee

Risk Management Committee

CSR Committee

Source: RHP Notes: 1. Years since graduation

Years of experience

Supported by an experienced and professional management team

21+

27+

18+

Arvind Chandrasekharan WTD and CEO

Mahender Chhabra CFO

Rishi Verma President – India

Delphi

Faurecia Exhaust Systems

WABCO Europe BVBA-SPRL

Minda Corporation

Motherson Sumi Wiring India

HMD Mobile India (CFO)

Microsoft India

Bharti Airtel

Pepsi Foods

National Engineering Industries

Dana India Technical Centre

Walker Exhaust India

17+

18+

15+

Sankar Babu Sampangiappa Director- Advanced Ride Technologies Engineering

R C Subramaniam ED and General Manager – Advanced Ride Technologies

Bapu Shivaji Kumbhar Director- Clean Air Engineering

Bharat Technologies Auto Components

Minda HUF

AISIN NTTF

Renowned Auto Products MFRS

General Motors India

International Auto

Saint-Gobain Glass India

Balmer Lawrie & Co.

Frito- Lay India

Grupo Antolin Pune

LML Limited

Tractors and Farms Equipment

Committed leadership along with technically qualified workforce

Source: RHP Source: WTD – Whole Time Director; ED – Executive Director. Notes:

Cumulative Years of experience

Years associated with Tenneco Group

Section 4 Strategies

Strategies to become the leading partner of choice to passenger, commercial and off- highway vehicles

Capturing market opportunities driven by tightening emission standards

Capitalizing on trends toward premiumization, SUVs, EVs and hybrids

Enhancing competitiveness through strategic localization – “Make in India”

Positioning India operations as export hub with global manufacturing standards

Continued focus on R&D and innovation

Leverage efficiencies and cross-selling across divisions to drive growth profile

Focus on operational efficiencies to ensure sustained optimization of margins and cash generation

Capitalizing on premiumization, SUV, electrification and hybrid trends

Rising PV price trend1

SUVs as a % of PVs

EV penetration in PVs

INR thousands

500

520

580

730

660

65.0%

52.0%

71.0%

39.0%

29.0%

EV penetration remains negligible in CV

2.3%

2.6%

4-5%

15-20%

FY20

FY21

FY22

FY23

FY24

FY19

FY21

FY23

FY25

FY30P

FY24

FY25

FY26E

FY30P

Past (<2020)

Present (2020 – 2024)

Future (2025+)

MTV

MTV CL

CV+

FDD RC1

SDD

CVSAe

CVSAe2/ Kinetic

Focus on durability, cost efficiency, and comfort

Better handling without compromising cost

Smart systems with real time adjustments of damping

Increased demand for better comfort and handling increasing CPV

Technology moving from static to dynamic suspension

Source: RHP, CRISIL Report Note: 1. Based on OEM factory cost for Indian PVs,

“Make in India” through strategic localization and driving exports

Benefits

Expected Outcome

Aiming to establish India as a central hub for exports

Economies of scale

Lower Logistics costs

Reduced Supply chain risks

Reduced import duties

Cost competitiveness

Improved Customer responsiveness

Increased Market share

Expanded Share of Wallet

Improved Margins

Select localization initiatives identified

IROX bearings

Ceramic spark plugs

Suspension Valves

Source: RHP

Raw material steel strip

North America

U.S.

Mexico

Europe

U.K.

Germany

Poland

Belgium

Czech Republic

Middle East

India

China

Japan

South Korea

Asia-Pacific

Thailand

Vietnam

Indonesia

Brazil

South America

Argentina

Africa

South Africa

Exported to 20 countries in FY2025

Further leverage efficiencies and cross-selling to customers

Current customer coverage

Enablers to achieve cross selling

Example-OEM

Clean Air

Powertrain

Advanced ride

Leveraging common key raw material sourcing

PV OEM

2W OEM



Cross-selling opportunity

Source: RHP



Common operating model P3 and OSE

Footprint leverage

Standardized program management

Common key account resources

Long standing customer relationships

Section 5 Q2 & H1 FY2026 Financial Highlights

Q2 & H1 FY2026 HIGHLIGHTS

Incremental lifetime Order Book(1) INR 98,400 MN

Market Outperformance Q2/ H1 ~4%

EBITDA Margin Q2/ H1 (VAR) 18.8% / 19.2%

PAT Margin Q2/ H1 (VAR) 13.1% / 13.8%

ROCE H1 FY 2026 >70%

Secured strategic wins, delivered market outperformance, and sustained bottomline performance

New order wins across Clean Air Systems and ART driving revenue visibility

▪ Significant YTD incremental lifetime order bookings materially enhancing the company’s revenue visibility

over the next few years

▪ Major win in Clean Air Systems with a leading Japanese passenger vehicle OEM in India. Marking entry

into previously untapped Clean Air white space for the OEM

▪ Significant win in ART with a well-known Indian OEM, reinforcing our position as the No.1 shock absorber

manufacturer in the Indian passenger vehicle market

Outperforming the Market

▪ Q2 VAR growth 8.9% vs market growth of 5%

▪ H1 VAR growth 8.2% vs market growth of 4%

Solid Operational Execution

▪ Q2 EBITDA grew by 5.7% and PAT grew by 9.9% YoY

▪ H1 EBITDA grew by 6.6% and PAT grew by 10.9% YoY

▪ Capital efficiency continues to be strong due to continued negative Cash conversion cycle and healthy

Fixed Assets turnover ratio

Note 1. Lifetime order book includes all orders secured - based on OEM confirmation on volume and price, but not put into production, as of 30 Sep 2025 and enhances Company’s revenue visibility over the next 5-6 years approximately

Disciplined execution driving market outperformance and enhanced revenue visibility

Arvind Chandrasekharan WTD and CEO

CEO Update Operational Highlights

“Tenneco India has delivered a strong and strategically meaningful quarter. Our Q2 and H1 FY2026 VAR* performance clearly reflects above-market growth**, supported by deeper engagement across customer programs. During the quarter, we secured important new awards in both Clean Air and ART, including strategic entry into a new whitespace opportunity with a leading Japanese OEM in Clean Air and increased market share for a well-known Indian OEM in ART. These wins further strengthen our medium-term growth visibility and reinforce the progress of our localization and technology strategy.

Industry tailwinds in regulation, premiumization and exports continue to create attractive opportunities, and we are well positioned to capture them. Our expanding order pipeline, improving export traction and the disciplined execution mindset embedded in The Tenneco Way give us strong confidence in sustaining market outperformance and long-term value creation.”

61.8x

Strong Overall IPO Subscription

₹ 98,400 MN

₹ 17,600 MN

Incremental lifetime# Order Book

Exports Portion of Order Book

Strong Multi-Year Program Wins

18.8%

EBITDA Margins (VAR)

13.1%

PAT Margins (VAR)

Continued Robust Margin Delivery in Q2 FY2026

Note: *VAR (Value Added Revenue) is used as the primary metric as it excludes pass-through substrate costs from the revenue from operations and better reflects the underlying operating performance, margins, and comparability across periods. ** Source: SIAM; # Lifetime order book includes all orders secured - based on OEM confirmation on volume and price, but not put into production, as of 30 Sep 2025 and enhances Company’s revenue visibility over the next 5-6 years approximately

Sustained Revenue Growth with Margin Expansion and exceptional balance sheet strength

CFO Update

“We delivered a disciplined financial performance in Q2 and H1 FY 2026, marked by steady revenue growth, expanding profitability and continued balance-sheet strength.

VAR grew by 8.2% YoY in H1, supported by strong PV demand and exports, while EBITDA margins held at industry-leading levels, reflecting the benefits of localisation, mix improvements, and operational efficiencies. PAT margin expanded by 34 bps YoY, underpinned by stable material costs and aided by higher interest income.

We maintained a robust ROCE profile and continued to operate with negative working-capital intensity, with cash conversion cycle at (22) days - reinforcing our capital-efficient model.”

Mahender Chhabra Chief Financial Officer

(₹ MN.)

11,515

8.9%

2,168

5.7%

Q2 FY2026 Revenue

YoY Revenue Growth

Q2 FY2026 EBITDA

YoY EBITDA Growth

1,507

Q2 FY2026 PAT

9.9%

YoY PAT Growth

VAR

EBITDA

PAT

Note: VAR (Value Added Revenue) is used as the primary metric as it excludes pass-through substrate costs from the revenue from operations and better reflects the underlying operating performance, margins, and comparability across periods.

Sustained Revenue Growth with Industry Leading Margins – Q2 FY2026

Revenue from Operations

+9.6%

11,687

12,856

12,806

All numbers in INR million, unless specified

VAR

+8.9%

10,576

11,665

11,515

Q2’ FY 25

Q1’ FY 26

Q2’ FY 26

Q2’ FY 25

Q1’ FY 26

Q2’ FY 26

EBITDA

19.4%

19.6%

18.8%

+5.7%

2,289

2,168

2,052

Industry leading margin despite additional cost of operating as a Publicly Listed Company

PAT

13.0%

14.4%

13.1%

+9.9%

1,681

1,507

1,371

Q2’ FY 25

Q1’ FY 26

Q2’ FY 26

Q2’ FY 25

Q1’ FY 26

Q2’ FY 26

EBITDA & PAT Margin (% VAR)

Market Outperformance with Sustainable Margins – H1 FY2026

Revenue from Operations

+5.2%

24,394

25,663

All numbers in INR million, unless specified

VAR

+8.2%

21,426

23,181

H1’ FY 25

H1’ FY 26

H1’ FY 25

H1’ FY 26

EBITDA

19.5%

19.2%

+6.6%

4,181

4,457

PAT

13.4%

13.8%

+10.9%

2,874

3,188

H1’ FY 25

H1’ FY 26

H1’ FY 25

H1’ FY 26

EBITDA & PAT Margin (% VAR)

Strategically diversified portfolio of proprietary products and solutions for multiple end markets

Segment-wise Split

End Market-wise Split

50.5%

49.5%

19.9%

4.8% 1.6%

6.9%

66.9%

Clean Air & Powertrain

Advanced Ride Technology

Industrial & Other

Aftermarket

Others

Q2 FY2026

5.1% 2.0%

6.7%

Exports

7.0%

93.0%

Domestic

Exports

Q2 FY2026

8.0%

49.0%

51.0%

21.2%

65.1%

92.0%

Clean Air & Powertrain

Advanced Ride Technology

Industrial & Other

Aftermarket

Others

H1 FY2026

Domestic

Exports

H1 FY2026

H1 FY2026 - Our robust ratios reflect financial strength, operational and capital efficiency

Net Debt/Equity

Fixed Asset Turnover(1)

Net Working Capital Days

FY25

-0.17

H1 FY25

-0.13

H1 FY26

-0.38

8.4

4.1

4.5

FY25

H1 FY25

H1 FY26

FY25

H1 FY25

H1 FY26

ROE (%)(1)

ROCE (%)(1)

Cash Conversion Cycle Days

43%

27%

25%

57%

30%

FY25

H1 FY25

H1 FY26

FY25

H1 FY25

71%

(2)

H1 FY26

FY25

H1 FY25

H1 FY26

-24

-16

-22

Note 1. Not Annualized for H1 2025 and H1 2026 2. The Dividend paid from the Sale proceeds of Motocare has reduced the Capital employed. This has led to an increase in ROCE

Glossary

Term / Acronym

Description

OEM

ART

Passenger Vehicles

Commercial Trucks

Off-Highway vehicles

Original Equipment - parts supplied to vehicle manufacturers (OEMs)

Original Equipment Manufacturer

Clean Air Solutions

Advanced Ride Technologies

VAR (Value Added Revenue)

Revenue excluding pass-through substrate costs; better reflects core operating performance

Substrates

Substrates are porous ceramic filters coated with a catalyst - typically, precious metals such as platinum, palladium, and rhodium; treated as pass- through cost (excluded from VAR)

CPV

Content per vehicle

BS6.2 / BS VII

Bharat Stage emission standards (BS6 = current national standard; BS6.2/BS VII = subsequent tighter phases)

TREM

CAFE

Tractor Emission Regulation of India (tractor-specific emission norms).

Corporate Average Fuel Economy

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