VA Tech Wabag Limited

rs,

, G Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 BSE Limited, Floor 25, P J Towers, Dalal Street, Mumbai – 400 001 NSE Symbol: WABAG BSE Scrip Code: 533269 Dear Sir/Madam, May

INR 172 billion

tlook, highlighting our strong balance sheet and revenue visibility. With an order book exceeding INR 172 billion, supported by robust payment security, advanced technology projects, and a well-diversified EPC an

19.7%

water Chairman & Managing Director infrastructure.” Sustainable Solutions for a Better Life 4 19.7% 32,940 39,442 12M FY'25 12M FY'26 INR Mn  Strong Order Book of INR 172 Bn+  Robust Revenue

INR 172

s for a Better Life 4 19.7% 32,940 39,442 12M FY'25 12M FY'26 INR Mn  Strong Order Book of INR 172 Bn+  Robust Revenue Visibility 21.8% 25.5% projects worth over INR 52 Bn  Order Intake of over

21.8%

,442 12M FY'25 12M FY'26 INR Mn  Strong Order Book of INR 172 Bn+  Robust Revenue Visibility 21.8% 25.5% projects worth over INR 52 Bn  Order Intake of over INR 75 Bn secured in FY26 and well po

25.5%

2M FY'25 12M FY'26 INR Mn  Strong Order Book of INR 172 Bn+  Robust Revenue Visibility 21.8% 25.5% projects worth over INR 52 Bn  Order Intake of over INR 75 Bn secured in FY26 and well positione

INR 52

 Strong Order Book of INR 172 Bn+  Robust Revenue Visibility 21.8% 25.5% projects worth over INR 52 Bn  Order Intake of over INR 75 Bn secured in FY26 and well positioned in 4,302 5,241 2,953 3,

INR 75

n+  Robust Revenue Visibility 21.8% 25.5% projects worth over INR 52 Bn  Order Intake of over INR 75 Bn secured in FY26 and well positioned in 4,302 5,241 2,953 3,705  Secured ‘Mega’ PPP order fr

22.3%

, towards 45 MLD TTRO Plant in Chennai, reinforcing Water Reuse Leadership. REVENUE EBITDA PAT 22.3% Q4 FY'25 Q4 FY'26 11,562 14,144 25.8% 28.9%  Secured ADB funded ‘Mega’ order from CMWSSB to

25.8%

inforcing Water Reuse Leadership. REVENUE EBITDA PAT 22.3% Q4 FY'25 Q4 FY'26 11,562 14,144 25.8% 28.9%  Secured ADB funded ‘Mega’ order from CMWSSB to Build Chennai’s INR Mn City-Wide Looped

28.9%

ng Water Reuse Leadership. REVENUE EBITDA PAT 22.3% Q4 FY'25 Q4 FY'26 11,562 14,144 25.8% 28.9%  Secured ADB funded ‘Mega’ order from CMWSSB to Build Chennai’s INR Mn City-Wide Looped Water G

13.3%

EBITDA PAT  Credit Rating reaffirmed at AA-/Stable and A1+ 12M FY2025-26 Performance Metrics 13.3% EBITDA MARGIN 9.4% PAT INR 9,500 Mn* NET CASH 15.7% RoE 104 NWC DAYS 19.4% RoCE Driven by EP

“HAM 6th Consecutive Year of Net Cash Positive Sustainable Solutions for a Better Life 15 Outlook (3-5 Years) Performance FY’26 Order Book 3x of Revenue INR 172 Bn+ Commentary >4x of revenue; Strong growth visibility Revenues 15 - 20% CAGR EBITDA Margin 13 - 15% RoCE >20% Asset Light O&M at 20% of Total Revenues RoE >15% Net Cash Positive Up 19.7% (YoY) Growth on track; Driven by efficient execution & new projects 13.3% 19.4% 17% 15.7% INR 9,500 Mn (excl.”

“Building and sustaining a High-Trust, High-Performance Culture We are proud to be Great Place To Work@ CertifiedTM its legacy of continues WABAG excellence with recognition for “Best WWTP” for the Digha & Kankarabagh Project, along with accolades as a “Complete Water Solution Provider – Industrial” and “Net Zero Initiative of the Year.” Sustainable Solutions for a Better Life 32 Municipal Funding Agencies Industrial Serving clients in….”

Buyout of WABAG India

1

The Dividend recommendation reflects

1

Buyout of WABAG India

Management buyout backed by ICICI Venture Reunification: WABAG India takes over WABAG Austria Group from Siemens Group VA TECH WABAG Ltd. goes Public (NSE, BSE) Y E A R S Secured its largest Desalination order in Middle East – 300 MLD SWA in Yanbu, KSA WABAG celebrates its Centenary, & Achieved Highest Market Capitalization Secured largest Desalination Project of SE Asia – 400 MLD Perur, Chennai 2019 Secured Landmark One-City-One- Operator Project under State Mission for Clean Ganga Associated with PM’s vision of Clean Ganga – executed the first STP under Namami Gange at Varanasi Secured order for 45 MLD TTRO Plant at Koyambedu under AMRUT Scheme Secured first Integrated ETP project in the SEA in Oil & Gas sector from PETRONAS Sustainable Solutions for a Better Life 7 Among the World’s Top3* Largest Private Water Operator, Touched 96+ Mn lives globally Desalination Plant Suppliers 25+ Countries Presence 1,500+ Plants executed since 1995 INR 172 Bn+; Healthy Order Book with Robust Payme

The Dividend recommendation reflects

• Strong operational and financial performance • Healthy cash flow generation • Continued confidence in the Company’s long-term growth outlook • Commitment to balanced capital allocation between growth investments and shareholder returns This recommendation reinforces the Company’s focus on delivering consistent value to shareholders while maintaining a strong and resilient balance sheet. Sustainable Solutions for a Better Life 14 Net Cash Positive INR 9,500 Mn 9,461 7,056 7,952 6,753 INR Mn 10,591 9,500 6,433 1,156 3,375 3,058 5,149 3,442 1,085 1,707 3,135 3,465 622 2,132 1,002 1,295 2,170 1,166 2,405 1,140 1,198 1,163 1,091 Q4 FY’23 Q2 FY’24 Q4 FY’24 Q2 FY’25 Q4 FY’25 Q2 FY’26 Q4 FY’26 Cash Balance excl. HAM Borrowing excl. HAM HAM – Net Borrowing/(Cash) Net Cash Balance excl. HAM 6th Consecutive Year of Net Cash Positive Sustainable Solutions for a Better Life 15 Outlook (3-5 Years) Performance FY’26 Order Book 3x of Revenue INR 172 Bn+ Commentary >4x of revenue; Strong growth visib