Onward Technologies Limited

8.58%

nvestment in 2 high- growth verticals: Healthcare & Medical Devices, Hi-Tech 2,610 2,715 2,404 8.58% 8.58% 7.20% 2,198 6.87% FY19 FY20 FY21 9M-FY22 9M-FY22 Segmental Revenue Digital 8% ITS,

7.20%

high- growth verticals: Healthcare & Medical Devices, Hi-Tech 2,610 2,715 2,404 8.58% 8.58% 7.20% 2,198 6.87% FY19 FY20 FY21 9M-FY22 9M-FY22 Segmental Revenue Digital 8% ITS, 21% ER&D,

6.87%

verticals: Healthcare & Medical Devices, Hi-Tech 2,610 2,715 2,404 8.58% 8.58% 7.20% 2,198 6.87% FY19 FY20 FY21 9M-FY22 9M-FY22 Segmental Revenue Digital 8% ITS, 21% ER&D, 71% Geared fo

8%

4 8.58% 8.58% 7.20% 2,198 6.87% FY19 FY20 FY21 9M-FY22 9M-FY22 Segmental Revenue Digital 8% ITS, 21% ER&D, 71% Geared for double-digit growth • Net debt-free, sound balance sheet & He

21%

8.58% 7.20% 2,198 6.87% FY19 FY20 FY21 9M-FY22 9M-FY22 Segmental Revenue Digital 8% ITS, 21% ER&D, 71% Geared for double-digit growth • Net debt-free, sound balance sheet & Healthcare 7%

71%

2,198 6.87% FY19 FY20 FY21 9M-FY22 9M-FY22 Segmental Revenue Digital 8% ITS, 21% ER&D, 71% Geared for double-digit growth • Net debt-free, sound balance sheet & Healthcare 7% Strong Fin

7%

1% ER&D, 71% Geared for double-digit growth • Net debt-free, sound balance sheet & Healthcare 7% Strong Financial Turnaround 9M-FY22 Segmental Revenue • Young leadership team from tier-1 comp

18.16%

ntage (talent pyramid, costs) JAN 22 INVESTOR PRESENTATION cash reserves • 5-year PAT CAGR at 18.16% • 6-year track-record of consistent dividend payout Industrial Equipment & Heavy Machinery 46%

46%

16% • 6-year track-record of consistent dividend payout Industrial Equipment & Heavy Machinery 46% Others 20% Transportaion & Mobility 28% 2 Who We Are – Some Key Milestones • Pune city oper

rs 20

year track-record of consistent dividend payout Industrial Equipment & Heavy Machinery 46% Others 20% Transportaion & Mobility 28% 2 Who We Are – Some Key Milestones • Pune city operations cho

28%

dividend payout Industrial Equipment & Heavy Machinery 46% Others 20% Transportaion & Mobility 28% 2 Who We Are – Some Key Milestones • Pune city operations chosen for expanding • Engineeri

53%

Mumbai Bengaluru Pune Hyderabad Chennai Tokyo FY21 Revenue Breakup – Client Location India 53% USA 36% Europe 5% UK 6% 6 Of global top-10 automotive companies 5 Of global top-8 heavy machin

“• Over the last 5 years, this industry has witnessed a 75% growth in employee-base and a 11% CAGR in revenues, while significantly supporting their global organizations digital transformation journey.”

“Global digital penetration has been reset at lower levels in light of emerging realities, thereby resetting the high-growth phase for technology from up to FY24 to up to FY27 in the least.”

“• Digital Engineering is accelerating across industries and is led by Software & Internet, which accounts for USD 160 Billion and is expected to grow at a 22% CAGR to reach USD 527 Billion by 2025.”

“Indian software industry body Nasscom forecasts 15-20% CAGR growth in digital transformation spend globally.”

Business Issue

2

Valorem Advisors Disclaimer

1

Business Issue

Effort intensive and manual review of 2D & 3D drawings Challenge/s: Errors due to absence of intuitive & automated tools Services & Benefits: Designed and developed container-based architecture on the cloud ML model that could learn test cell output and feedback to NPI programs Image processing and Image-based search Productivity doubled to 55% with 92% accuracy Product Re-design Value Engineering Business Issue A major healthcare facility was looking to revamp and re-design their hospital beds Challenge/s Old Hospital beds were uncomfortable and posing risks to patients Services & Benefits Design specialists reverse engineered the entire hospital bed basis only photographs and w/o any CAD models/drawings Embedded new electronic parts to automate the bed for enhanced patient safety and comfort Compatible 3D printing designs developed for cost-effective production.

Business Issue

Steadily increasing costs to build a locomotive engine Challenge/s Too many parts and suppliers across the globe Services & Benefits Consulting led by domain experts in the manufacturing and design process Cost engineered the client’s entire diesel locomotive engine Also supported the client in finding low- cost vendors >$4 mn in overall cost savings JAN 22 INVESTOR PRESENTATION 10 INDUSTRY OVERVIEW 11 Engineering R&D Service Industry • • In 2020, the global Engineering R&D spend was USD 1.2 Tn, with corporate Engineering R&D spend being USD 772 Bn. In 2021, Indian firms clocked USD 35.9 Billion in ER&D service exports, according to NASSCOM. • As the largest exporter of ER&D services, this has huge implications for India, and the opportunity could be as large as USD 100 Billion. • India is rapidly emerging as the destination for innovation and technology by tapping into its robust and thriving start-up ecosystem. Additionally, proactive and supportive policies are also an attractive ad

Valorem Advisors Disclaimer

Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness, and reasonableness of the contents of this Presentation. This Presentation may not be all-inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review. For further details, please feel free to contact our Investor Relations Representatives: Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903 9500 Email: