Skipper Limited

rs,

ex, Bandra (E) Mumbai- 400 051 Symbol- SKIPPER The Manager BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street Mumbai- 400 001 Scrip Code- 538562 Subject: Investor Presentation on Standalone and

Rs 55,528

Engineering 6.w al - ++ Power Registered its highest ever Annual Transmission revenue of Rs 55,528 Mn , driven by Tower strong growth across all business segment ··t - HH HH - - Recorded it

Rs 2,073

ness segment ··t - HH HH - - Recorded its highest-ever Profit Railway After Tax (PAT) at Rs 2,073 mn, Structures reflecting strong business growth and operational execution. - v Infrastructure

Rs 33

Angles W mi#t. - Solar Structures Bidding pipeline remains at an all time high level of > Rs 33 bn, driven by buoyant domestic and international market opportunities A -✓ - Won a multi-

Rs 56,780 million

ghest ever annual order UPVC inflow in company’s history ; Pipes Secured new orders in excess of Rs 56,780 million during the year for several domestic & Exports projects CPVC Pipes 2 - Skipper EPC is curren

Rs 85,019

ine work HDPE Pipes The year end closing order book ( 31st Transmission March 2026) stands at Rs 85,019 Mn Line EPC which is the highest ever in company’s history and is well diversified across sector

Rs 15,000

rs & Tower Accessories During the year commisioned 4 nos of 765 Kv Projects measuring 940 ckm / Rs 15,000 mn. Test Station and R&D Center Entered Substation EPC segment complementing core transmission

29%

it after tax, reflecting strong reflecting strong execution across business segments. Revenue grew 29% QoQ and 20% YoY, demonstrating sustained momentum. Profitability reached new highs, with EBITDA i

20%

, reflecting strong reflecting strong execution across business segments. Revenue grew 29% QoQ and 20% YoY, demonstrating sustained momentum. Profitability reached new highs, with EBITDA increasing 40

40%

0% YoY, demonstrating sustained momentum. Profitability reached new highs, with EBITDA increasing 40% QoQ to ₹1,734 million and margins improving to 10.4%, while PAT grew 70% QoQ and 42% YoY, driven b

₹1,734 million

onstrating sustained momentum. Profitability reached new highs, with EBITDA increasing 40% QoQ to ₹1,734 million and margins improving to 10.4%, while PAT grew 70% QoQ and 42% YoY, driven by operating leverage,

10.4%

ility reached new highs, with EBITDA increasing 40% QoQ to ₹1,734 million and margins improving to 10.4%, while PAT grew 70% QoQ and 42% YoY, driven by operating leverage, improved cost discipline, and a

“• • Green Energy Corridor (GEC II & III) Renewable Energy Zones (REZ) development Offshore wind & hybrid projects Annual RE addition target: 40–45 GW per year • • • Transmission is the backbone of energy transition — massive, long-duration capex cycle ahead Unprecedented visibility of multi-year order pipeline across T&D ecosystem Sustained tendering pipeline ensures strong order inflow visibility for EPC & tower players Complexity Increasing → Entry Barriers Rising •”

“• • 500 GW RE target by 2030 Aggressive grid expansion roadmap • New regulations (Solar / Non-Solar hours) improving asset utilization Ensures front-loaded order visibility and reduces cyclicality Policy-backed demand reduces execution risk Additional Demand Drivers (Beyond RE) •”

“• • • Green hydrogen Data centers EV manufacturing Increasing industrial electrification • Transmission demand not just RE-driven — multi-sector structural demand ,----------- _" Significant Under-Implementation Pipeline • ~500+ GW equivalent transmission already: Commissioned + under implementation Additional ~334 GW pipeline in planning • Strong near-term + medium-term execution visibility Skipper Positioning”

“Mn) Investor Presentation | April 2026 FY24 FY'26 FY25 EBITDA Margin - Fasteners & Tower Accessories Coatings Infrastructure Segment _«,------------"r"-------------- '; 11 kV – 1200 kV Range of voltage ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' ' I 16.0% FY26 Export revenue (Engg segment) , 3,75,000 MTPA Engg products capacity as of March 2026 ' I \ I \ a'ea 3.1% 6.1% ■ 5,984 5.9% ■ 6,743 6.0% ■ 6,869 -5.8% 652 505 FY23 FY22 ■ Net Sales (Rs.”

“Mn) FY24 FY25 FY'26 EBITDA Margin Water EPC , • + f • ' ' ', Forward integration activity Focus on high- margin HVDC Transmission projects ------- ' ' ' , , 27 Diverse Product Portfolio (2/2) 9KIPPER Limited Leading manufacturer of Polymer pipes and fittings, catering to both plumbing and agricultural sectors with expanding reach and strengthening market share.”

“This facility enables simultaneous testing, ensuring faster project turnaround and unmatched reliability assurance.”

“·, 4 4 ' t t I ---------· v Key Performance Trend - Consolidated Revenue J Rs in Mn • EBITDA & Margin CAGR 35.9% l CAGR 34.3% 32,820 17,071 19,803 55,528 9.72% 9.73% 46,245 9.83% 9.77% 10.31% 5,727 4,517 1,678 1,925 3,194 FY22 FY23 FY24 FY25 Fy'26 FY22 FY23 FY24 FY25 ------------�-----------------------------} Net Working Capital Days (excl.”

“Project Hariyali launched — planting over 30,000 green belts including 20,000 mangroves in the Sundarbans Delta, integrating ESG with CSR.”

“Beti Padhao abhiyaan – Flagship Project In 2017, we launched the Beti Padhao Abhiyan, inspired by the government's Beti Bachao, Beti Padhao Yojana.”

“Environment sustainability The project includes supporting the maintenance of two cremation ghats in Kolkata to prevent water and air pollution.”

Infrastructure build-out includes

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Continuous pipeline through

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Shift towards

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Emerging corridors

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Strong government alignment

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New energy loads

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Well-positioned to benefit from

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Strong alignment with

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Steady Progress Toward Net-Zero

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Digital Transformation of ESG Monitoring

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Infrastructure build-out includes

• • • • 1,37,500 circuit km of transmission lines 8,27,600 MVA substation capacity Strong Order Flow Drivers (Execution Pipeline) • Transmission projects across ISTS + intra- state networks

Continuous pipeline through

• • Green Energy Corridor (GEC II & III) Renewable Energy Zones (REZ) development Offshore wind & hybrid projects Annual RE addition target: 40–45 GW per year • • • Transmission is the backbone of energy transition — massive, long-duration capex cycle ahead Unprecedented visibility of multi-year order pipeline across T&D ecosystem Sustained tendering pipeline ensures strong order inflow visibility for EPC & tower players Complexity Increasing → Entry Barriers Rising •

Shift towards

• • • HVDC transmission systems 1150 kV ultra-high voltage corridors Integration of storage (BESS, PSPs) • Higher technical complexity → fewer qualified players Industry moving from commoditized to high- engineering — favors established players like Skipper Geographic Diversification of Opportunity • Major RE + transmission hubs: • • • Rajasthan (~260 GW potential) Gujarat (~136 GW) Southern states (AP, Karnataka, Tamil Nadu) •

Emerging corridors

Ladakh (solar + storage) Offshore wind (Gujarat & Tamil Nadu) • • • Pan-India opportunity reduces dependency on any single geography Investor Presentation | April 2026 19 Source: CEA Transmission Plan for Integration of over 900 GW Non-Fossil Fuel Capacity by 2035-36 Transmission: Large Structural Opportunity (2/2) 9KIPPER -Limited- Transmission Ahead of Generation (Key Insight) • Transmission requires longer gestation vs renewables Planning being done ahead of generation rollout • Policy & Regulatory Push •

Strong government alignment

• • 500 GW RE target by 2030 Aggressive grid expansion roadmap • New regulations (Solar / Non-Solar hours) improving asset utilization Ensures front-loaded order visibility and reduces cyclicality Policy-backed demand reduces execution risk Additional Demand Drivers (Beyond RE) •

New energy loads

• • • Green hydrogen Data centers EV manufacturing Increasing industrial electrification • Transmission demand not just RE-driven — multi-sector structural demand ,----------- _" Significant Under-Implementation Pipeline • ~500+ GW equivalent transmission already: Commissioned + under implementation Additional ~334 GW pipeline in planning • Strong near-term + medium-term execution visibility Skipper Positioning