#11 Investor Presentation | February 2024 aarvi Engineering. Manpower. Outsourcing Talent on Demand aarvi#22 Snapshot Proven Management Experience of 34 years, Deputed more than 30,000 personnel 'B' Awarded Highest Creditworthiness rating from Crisil - SME-1 aarvi Leading Indian technical manpower outsourcing company Servicing Diversified Sectors like Oil & Gas, Engineering, Power, etc. aarvi. World class Engineering & Operational Standards with ISO 9001: 2015 and Safety ISO 45001: 2018 Flexible Business Model 150+ Esteemed Global Corporate Clients 3 Year Revenue CAGR: 26.03% & Low Gearing ratio of -0.03x End to End Solution Providers to renowned Industrial Clients#33 Company Overview aarvi.#44 Company Overview • • • Talent on Demand aarvi • • Incorporated in 1987, Aarvi Encon pioneered the concept of Technical staffing services in India. Starting from humble beginnings it is now one of the largest Technical staffing solutions company with more than 5,000+ engineers/ technical personnel on payroll and working at the client location. Aarvi is India's leading technical staffing company, which specializes in providing expert engineering staffing solutions. Services Offered include Deputation of Technical Staffing, Project Management, Construction supervision, Inspection Services, Pre-Commissioning & Commissioning Assistance and O&M Services. Aarvi offers services that are highly effective and affordable, giving significant cost savings to clients. aarvi Operational Revenue (INR Mn) & EBITDA Margin (%) 4,365 2,885 3,030 2,018 4.76% 4.40% 4.19% FY21 FY22 3.17% FY23 9M-FY24 Manpower Deputation 5,628 5,427 4,394 4,587 • FY21 FY22 FY23 9M-FY24 The company has deployed over 30,000 personnel since inception and has a current deployed team strength of more than 4,500 professionals. Monthly Deputation . It has leveraged its track record in India to successfully expand its operations internationally, providing a wide range of engineering services on various international projects, particularly in the UAE, and United Kingdom. The company has an esteemed clientele list including marquee names like, Larsen & Turbo Industries, Cairn, Reliance Industries Limited, Engineering India Limited, Indian Oil, Technip etc. 239 236 258 Oct-23 Nov-23 Dec-23#55 Board of Directors Mr. Virendra Sanghavi - Managing Director aarvi. •More than 45 years experience and excellent track record in design, development, construction and operation of process plants in India and Internationally •Previously working with various Engineering, Lubricant, Petrochemical, and Pharmaceutical companies such as Merck Sharp & Dohme India Ltd •Mr. Sanghavi recently was recognized in the list of India's Top 100 Great People Managers by the Great Manager Institute in association with the Forbes India. Jaydev Sanghavi - Executive Director and CFO • Chemical Engineering Graduate from Mumbai University and joined Aarvi 26 years ago • Played a crucial role in developing strategic Business Tie-ups and delivering several large & complex projects successfully Sonal Nitin Doshi - Independent Director A solicitor practicing mainly in civil and corporate laws since 1991 In 1996 he identified a niche Business Opportunity in the project consulting of HR and thus came about a Manpower (Temp) Supply division which he heads today • He has been instrumental in growth of the Company. Under his leadership the company has become largest Technical Staffing company in India with offices at major location in India. He is also instrumental in various tie ups/ association in Saudi Arabia, Kuwait, and Malaysia Padma V Devarajan - Independent Director PhD (Tech), is Professor in Pharmacy and former Head, Department of Pharmaceutical Sciences and Technology at the Institute of Chemical Technology (ICT), Mumbai • She is consultant to the Pharmaceutical and Allied Industry both national and international, and also on the Advisory board of Pharmaceutical Companies. She has served as Board Member, Member on the Board of Scientific Advisors, and Chair of the Young Scientist Mentor Protégé Sub-committee of the Controlled Release Society Inc., USA and Chair- Outstanding Paper Award Committee, Drug Development and Translational research. Devendra Jashwantrai Shrimanker - Independent Director • Devendra is a chartered accountant and a fellow member of Institute of Chartered Accountants of India. He has more than 28 years of experience in the field of accounting, auditing, taxation and advisory services. He has served as advisors to many PSU's and private ltd companies, HNI's and family managed business groups • Part of the external committee of Larsen & Toubro Limited, L&T Pvt. Infotech, Thyssenkrup India Ltd and Macleods Pharmaceuticals Ltd to deal with complaints filed under the Sexual Harrassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 Ramamoorthy Ramachandran- Independent Director He is a Chemical Engineer with 40 years of experience in Oil Gas Downstream Industry. • He was a board member at Bharat Petroleum Corporation Ltd. and Bharat Oman Refineries Ltd. • Currently, he is the member of the Scientific Advisory Committee on Hydrocarbons of MOP&NG, Govt of India and Advisor to the Executive Board, Detect Technologies Private Limited#66 Key Milestones שווי Reliance CRISIL An S&P Global Company N NSE haa 1987 Incorporated and Started Engineering Consultancy Services 1997 Deputed More Than 300 Engineers to Reliance Petroleum 2007 Employee Strength crossed 1000 mark 2013 Rated "SME-1" by CRISIL/Crossed 2000 personnel in deputation 2017 IPO listing on NSE Deployed more than 3000 engineers 1996 Started Technical Manpower Deputation 2005 DHDS & SRU Commissioning Contract from HPCL Refinery tܢ 8758 HP 2020 Migrated on Main Board of NSE aarvi. 2023 Completed the acquisition of MNR Technical Services, headquartered in the UAE, via our wholly-owned subsidiary, Aarvi Encon FZE, UAE. 2011 Operation & Maintenance Services started with HMP 2015 Marked Turnover over Rs 100 cr / Opened Subsidiary in UAE 2018 Marked Turnover over 200 Cr/ Partnered with Bon Accord Employment Services at UAE 2022 Effectively incorporated operational offices in Qatar, Oman and Indonesia 00#77 Awards & Certifications aarvi. ESTO 1947 NOCIL Award from Indian Institute of Chemical Engineers - 1993 CDC National Award for Excellence in Consultancy Services from Consultancy Development Centre - 1997 CFBP COUNCIL FOR FAIR BUSINESS PRACTICES HAR GRANAK KI AWAA Business Today Yes Bank Star SME Award from Business Today - 2011 FRANCHISE INDIA Empowering Change Since 1999 Small Business Awards from Franchise India Holdings Limited - 2012 CRISIL SME 1 CAIRN HSE Excellence Award in recognition for Safe Contractor from Cairn India Limited - 2013 The CEO Magazine 25 BPM Inc.500 SME Business Excellence Award 2014 from Times Group, Dun & Broadcasting and Federal Bank - 2014 CFBP Jamnalal Bajaj Award for Fair Business Practice for 2015 given by late President Dr. APJ Abdul Kalam WORLDWIDE Business Review India Business Excellence Award from Worldwide Business Review - 2017 Crisil SME-1 Rating indicates "Highest Creditworthiness" - 2013 Certificate of Excellence For "25 Fastest Growing BPM Companies in India" CFBP Industry CFBP COUNCIL FOR BUSINESS PRACTICES Er Carol takes gt pler in canferring this abark on AARVI ENCON PVT. LTD MERFAL Sera aterades SPIT for the year 2014 in enogtition of their bistinguisheb obation to the promotion at the Cabe at Cosbuc of the Council ALL UNDER ACHIEVERS & ESCARCE C Bee om ben i dal 2 Certificate Of Recognition PROUDLY PRESENTED Forbes Virendra D Sanghavi Aarvi Encan Lit Aarvi Encon ALONE OF THE TOP 10 INDUSTRIAL OPERATION & MAINTENANCE SERVICE PROVIDERS 2021 CFBP Jamnalal Bajaj Award for Fair Business Practices in 2014 Presented by Shri Dr. APJ Abdul Kalam, Former President of India Mr. Sanghavi has received gold medal award from All India Achievers & Research Academy for outstanding Achievements & Excellence in chosen field of activity at Bangalore in the year 2019 Mr. Virendra D. Sanghavi was recognized in the list of India's Top 100 Great People Managers by the Great Managers Institute in association with the Forbes India in the year 2019 Aarvi Encon was recognized among the top 10 industrial operation & maintenance service providers 2021 by Industry Outlook#800 8 Industries We Serve Engineering City Gas Distribution Renewable Energy Metro/Rail Oil & Gas Refinery/Petrochemical Pipeline N LNG/Tank Terminal Power aarvi.#99 Esteemed Clientele इंडियन ऑयल IndianOil Reliance TATA MOTORS forgcenter giferaer HP G GNFC TILIZERS G हिन्दुस्तान उर्वरक एवं रसायनलिमिटे HURL Bharat Petroleum CAIRN GP aarvi. HMEL CPCL TATA POWER गेल G GAIL Jacobs vikramsolar wood. Worley FLUOR 5 SAIPEM Petrofac CREATING CLIMATE FOR CHANGE energy chemicals | resources P TEN TECHNIP ENERGIES EIL TOYO TECNIMONT ENGINEERING SIEMENS Gamesa ENGINEERS INDIA LIMITED RENEWABLE ENERGY DEEPAK NITRITE Deepak Nitrite Limited WAAREE JINDAL STEEL & POWER TATA TATA CHEMICALS LIMITED MAHANAGAR GAS GUJARAT GAS#1010 Geographical Presence UK Kuwait Oman Algeria Sharjah, UAE Saudi Arabia Qatar Abu Dhabi, UAE Nigeria Kenya Tanzania Angola Mozambique Domestic Offices International Offices Agents Indonesia aarvi. Bhatinda New Delhi/ O Barmer NCR Jamnagar Baroda Mumbai Pune • Kolkata Visakhapatnam Bengaluru Chennai#1111 Aarvi Advantages Experienced Management Marquee Clientele - Reliance, Indian Oil, Cairn, TechnipFMC, Larsen & Tourbo, HMEL. Pan India Presence Catering to diversified sectors Providing Fast and Quality Manpower HSE Policy - Health Safety and Environment Policy aarvi Asset Light Model Flexible Hiring Business Model Focus on core competencies Delivering Significant Cost Savings Government Statutory compliant#1212 Future Growth Strategy % Increase the wallet share of business from existing clients by supplying additional and identifying Dedicated international sales team focusing on international Constant focus on meeting standards quality and compliance. manpower 229 deputation of cross manpower to develop a stronger international presence. selling and up selling opportunities. Digitalisation of various processes to have contactless operations management. Venture into new industry verticals like Automobile, Marine, Airports, Ports, 8% Diversifying expertise and service offering Defence, Healthcare. across the engineering value chain. Constant efforts on Provide manpower services to new clients in existing verticals. better talent Acquisition to attract and retain talented professionals. Improving efficiencies by enhancing domain 啗 knowledge and achieving operational excellence. aarviⓇ#133 13 Business Overview GRIZON aarvi.#1414 Business Overview aarvi 9M-FY24 Business Mix • . . Aarvi provides engineers/designers/technicians right from conceptualization of the project to Design to Construction to Pre-commissioning & Commissioning to Operations and Maintenance of the plant. It can also mobilize large manpower for shutdown assignment of 15 days to a few months. Aarvi has a large in-house database i.e. more than 800,000 resume data base and a very strong referral program to attract talent from the industry. Its recruiters are well trained and can identify the candidates meeting the client's project requirements. The company targets sectors like oil & gas, power, LNG, PNG, refinery, petrochemical, pipeline, wind power, solar power, offshore, E&P, infrastructure, ports & terminals, telecom, fertilizers, cement, automobile, metro & monorail, railway, metals and minerals, information technology. Niche Area of Service Placements 0.2% O&M 31.8% Manpower Outsourcing 68% 9M-FY24 Industry Wise Revenue Manpower Outsourcing Operation and Maintenance LPG/LNG, 2.25% Renewable, 6.62% Chemicals, 6.51% Petrochemicals, 3.83% Pipelines, 2.41% Others, 7% Oil & Gas, 10.24% Refinery, 28.03% Engineering, 32.0#1515 Technical Manpower Deputation & Placement aarvi. Manpower Deputation 5,628 5,427 4,394 4,587 FY21 FY22 FY23 9M-FY24 • • Aarvi has completed manpower deputation for large requirements of engineers and technicians all over the world. Has accomplished trust and strong reputation from esteemed clients to garner long standing repeat business. Aarvi has deployed Technical Manpower of about 6,000 plus qualified and experienced engineers in various fields like project management, construction, planning, safety, procurement, inspection, testing and commissioning. Project & Engineering Process ■ ☐ Civil & Structural Electrical Instrumentation & Control ☐ Mechanical (Static & Rotary) Material Handling Equipment's ☐ Piping & Stress Project/Site Engineering Planning ☐ ☐ ☐ QA/QC (CSWIP/ AWS) Procurement & Expediting Construction Engineers Start up Pre- Commissioning, Commissioning Commissioning Engineer Commissioning Plant & Process Operator Shutdown/Turnaround ■ ☐ ☐ Managers/Coordinators Maintenance Engineers (M/E/I/C) Planners Safety Engineers / Officers Refractory Engineers QC/Painting / Coating/ API Inspectors Supervisors Operator Technicians (M/E/I/C) ☐ Supervisor DCS / Panel Operator ☐ HSE#1616 Case Study: Manpower Outsourcing aarvi. L&T is India largest engineering contracting company. Aarvi was sole supplier of engineers to L&T - ECC for Reliance Refinery Project. The company deputed 140 piping engineers to supervise pipe fabrication and erection work. Aarvi has also been associated for commissioning assistance of various refineries like CPCL, BPCL, IOCL Daelim Engineers & Constructors is one of the world's largest engineering, procurement and construction services organizations. Daelim E & C has given Aarvi Encon contract for supply of contract employees. GAIL India is largest gas producing and distribution public sector company. Aarvi had deputed process Operators and technicians to operate and maintain LPG recovery plant at Usar and Vaghodia. Toyo Engineering is large engineering consultancy company. Aarvi had deputed Engineers to multiple project sites like Toyo, Chamabal Fertilizer, Manglore Refinery, Coromondal Fertilizer, Oswal Chemical & Fertilizer, Oswal Chemical & Fertilizer, GSPC LNG among others. Engineers were deputed having following background: Piping Design/ Construction Supervision / Inspection DCS/Panel Operation Plant Operation Engineers (Mechanical/ Safety) Mechanical Construction Supervision and Equipment erection Instrumentation Construction Supervision Process Operation Mechanical Maintenance work Electrical Engineers & Technicians#1717 Operations and Maintenance aarvi. Operations and Maintenance Revenue- Aarvi Encon is the leading O&M company in India for providing O&M Services & Solutions for Solar Energy, Pipeline & Oil & Gas industry. Presently, 26% of the business comes from O&M activities, which garners a higher margin. The company understands the specific requirements and challenges of various industries that it has experience in deploying manpower for and hence has become the preferred partner for O&M services for many of its clients. By continuously being updated on the latest technologies being implemented in the Solar Energy, Pipeline & Oil & Gas industry, so that we can successfully identify and hire professionals who have mastered these technologies and have implemented them in their previous projects. The Company's clientele in O&M services include esteemed companies like HPCL, GSPC, Cairn, GSPL among others. (INR Mn) 1,093 964 868 783 iili FY20 FY21 FY22 9M-FY24 Operations and Maintenance ■Managers/Coordinators ■Maintenance Engineers (M/E/I/C) Planners ■Safety Engineers / Officers ▪ Refractory Engineers ■QC / Painting/Coating/ API Inspectors ■Supervisors ■ Operator ■Technicians (M/E/I/C)#1818 Case Study: HPCL Mittal - Crude Tank Terminal Cont Multan SULAIMAN RANGE Deri Ghati Khan Rahiryar Khan Sotle Bahawalpur Sahiwal kang aarvi. Popu Abokar Ganganage Lu BATHINDA Ch. 1912 67 km Rasan IPS SFPS) 3853 Sirsa Hisar Bhiwan HPCL Mittal Pipelines Limited operates Crude oil Terminal and Cross Country Transportation of oil from Mundra; Gujarat to Bathinda; Punjab for transporting the Crude Oil to HMPL Guru Gobind Singh Refinery of 9 MMTPA Mundra Terminal Consist of 8,40,000 KL Storage Capacity and Receiving Terminal, Bhatinda has a Storage Capacity of 2,40,000 KL with in between pumping station Larkana Sukkur Hawabshah Aarvi has been Operating & Maintaining Terminals & Pumping stations: There has been zero spillage of crude oil 100% manpower at site to take care of O & M activities round the clock. Supported for localization of maintenance of imported pumps and motors Saved more than USD 40,000 More than 98% equipments are up & running Major Activities: • Operation Support of Tank Farm, Pumping Station & Receiving station Station Equipment's & Tank Farm Maintenance Panchen IPS-4 (FPS) Polarn O ADESERT Jodhpur Almes Mirpur Khas Hyderabad Pali PS-3 (PST Jocker LEGEND: PROPOSED MUNDA BATNA PIPELINE N RECEIPT SEIN Bench PS(FPS) CT Palanpur INTERMEDIATE PROGNO STANON P Santalpur Radhanpur PS FPS) Mahesana 28" NB PIPEUNE Anjar NOTEN PIPELINE ROUTE SHOWN IS INDICATIVE ONLY L CHANGES POCATED ARE APPROXIMATE Ph MUNDRA (PS) On 20 Locations: Mundra Tank farm . • . IPS-3 Dhansa O&M ⚫ IPS 2 Ahadabad Nadiad 30" NB PIPELINE Udaipur wara Kat Ratlam IPS 4 - Jodhpur Receiving Terminal - Bhatinda O&M In#1919 Industry Overview aarvi.#2020 Staffing Industry Temporary/Flexi Staffing • Firms which retain workers & · aarvi. Benefits to Customers • Flexibility in Workforce Plan Focus on Core Business Compliance Efficiency . Budget Efficiency • Hiring Niche Skillset • Ad hoc availability supply temporary workforce to other companies for specific assignments. This is the largest segment with a market share of 75% primarily because of pass through salary costs included in the revenue of such firms. The staffing industry in India has grown to an extraordinary level, especially in the area of a third-party payroll service provider. The Indian staffing market is currently a USD 10 billion industry, growing at 28% YoY. It is poised to become one of the largest by 2030. Temporary or contract-based work is on the rise as many of the top talents are taking up freelancing or on contract jobs, in this process, staffing firms will play a pivotal role in easing the relationship between freelancers & their clients. In 2023, nearly 15% of the world's growth is forecasted to come from India. These growth projections are partially based on the economy's resilience, which can be observed in how quickly private consumption rebounded, while the government's capital expenditure, which surged by 63.4% in the first eight months of FY23 was also a major contributor. Customer • • Customers signs agreement with flexi staffing companies where the later supplies flexi workforce. Flexi Staffing Companies Staffing companies hire workers and send them as flexi workforce to meet client requirements. Staffing companies take care of the salaries and benefits of these workers. • • • • Benefits to Flexi Workers Appointment Letter Standardized Pay . Digital Payment Statutory Benefits • Insurance and Medical Benefits Experience Gain • Skill Improvement Benefits to Government • Less Unemployment • Revenue from GST • Increased Formal Employment Improved Compliance • Skill Improvement#2121 Engineering Industry aarvi. India's engineering sector has witnessed a remarkable growth over the last few years driven by increased investment in infrastructure and industrial production. India, on its quest to become a global superpower, has made significant stride towards developing its engineering sector. The Government has appointed Engineering Export Promotion Council (EEPC) as the apex body in charge of promotion of engineering goods, products, and services from India. The turnover of capital goods industry in India is expected to grow to INR 8.05 lakh crore (USD 115.17 Billion) by 2025. Investments The engineering sector in India attracts immense interest from foreign players as it enjoys a comparative advantage in terms of manufacturing cost, technology, and innovation. The above, coupled with favorable regulatory policies and growth in the manufacturing sector, has enabled several foreign players to invest in India. India's engineering R&D market will increase from USD 36 Billion in FY19 to USD 63 Billion by FY25. India needs INR 235 trillion (USD 3.36 trillion) worth of investments in infrastructure by 2029. Government Initiatives • • The Indian engineering sector is of strategic importance to the economy owing to its intense integration with other industry segments. The sector has been de-licensed and enjoys 100% FDI. With the aim to boost the manufacturing sector, the Government has relaxed the excise duties on factory gate tax, capital goods, consumer durables and vehicles. Government has planned an investment of INR 100 lakh Crore (USD 1.43 trillion) in infrastructure sector over the next five years. Road Ahead Turnover of capital goods industry is expected to increase to USD 115.17 Billion by 2025F. The Indian staffing market is currently a USD 10 billion industry, growing at 28% YoY. It is poised to become one of the largest by 2030. India needs INR 235 trillion (USD 3.36 trillion) of investment in infrastructure in the next decade. The export of engineering goods is expected to reach USD 200 billion by 2030.#2222 Engineering Services to Drive the Growth aarvi • Investments in India's oil and gas sector is likely to touch INR 2.5-3 trillion (USD 37.5-45 Billion) over the next few years, which will help raise the share of gas in the country's primary energy mix to 15% by 2030, as per British multinational oil and gas company BP Group. . The engineering sector in India attracts immense interest from foreign players as it enjoys a comparative advantage in terms of manufacturing costs, technology and innovation. The engineering sector is a growing market. The export of engineering goods is expected to reach USD 200 Billion by 2030. India needs INR 31 trillion (USD 454.83 Billion) to be spent on infrastructure development over the next five years, with 70% of funds needed for power, roads and urban infrastructure segments. Government targets INR 25 Trillion (USD 376.53 Billion) Investment in infrastructure over a period of three years, which will include INR 8 trillion (USD 120.49 Billion) for developing 27 industrial clusters. • India's manufacturing sector has the potential to touch USD 1 trillion by 2025. There is potential for the sector to account for 25-30% of the country's GDP and create up to 90 Million domestic jobs by 2025. Business conditions in the Indian manufacturing sector continue to remain positive.#2323 Financial Overview 85 DEPR 40% aarvi. ух X 9 BRKEVN 6#2424 Historical Consolidated Income Statement Particulars (INR Mn) Operational Income Total Expenses EBITDA EBITDA Margins (%) Other Income Depreciation Finance Cost Exceptional Items PBT Tax aarvi FY21 FY22 FY23 9M-FY24 2,018 2,885 4,365 3,030 1,922 2,758 4,182 2,934 96 127 183 96 4.76% 4.40% 4.19% 3.17% 23 12 13 13 10 10 12 9 9 7 18 11 1 1 103 122 157 89 (2) 1 12 6 Profit After tax 105 121 145 83 PAT Margins (%) 5.20% 4.19% 3.32% 2.74% Other Comprehensive Income (3) 5 11 2 102 126 156 Total Comprehensive Income 85 Diluted EPS (INR) 7.08 8.16 9.82 5.62#25aarvi Particulars (INR Mn) 25 Historical Consolidated Balance Sheet FY22 FY23 9M-FY24 Particulars (INR Mn) ASSETS FY22 FY23 9M-FY24 EQUITIES & LIABILITIES Non-Current Assets 447 451 436 Shareholder Funds 947 1,081 1,136 (A) Property, Plant and Equipment 98 96 93 (A) Share Capital 148 148 148 (B) Goodwill on Consolidation 2 (B) Other Equity 799 933 988 (C) Other Intangible Assets 1 22 23 Non-Current Liabilities 19 8 8 (D) Intangible Asset Under Development 1 (A) Financial Liabilities (E) Financial Assets i. Others 16 4 5 i. Loans and Advances 24 23 27 (B) Deferred Tax Liabilities 3 4 3 ii. Others 183 145 139 (F) Deferred Tax Asset 2 2 2 Current Liabilities 524 495 468 (G) Other Non-Current Assets 137 180 170 (A) Financial Liabilities Current Assets 1,043 1,133 1,176 i. Borrowings 65 34 86 (A) Financial Assets i. Investments 3 4 4 ii. Trade Payables 102 102 103 ii. Trade Receivable 810 950 670 iii. Others 245 212 215 iii. Cash and Cash Equivalents 51 44 122 (B) Other Current Liabilities 112 146 63 iv. Other Bank Balances 22 23 27 v. Loans and Advances 4 8 19 (C) Provisions 0 1 1 vi. Others 135 80 308 GRAND TOTAL - EQUITIES & LIABILITIES (B) Other Current Assets 18 24 26 1,490 1,584 1,612 GRAND TOTAL-ASSETS 1,490 1,584 1,612#2626 Key Metrics Operational Revenue (INR Mn) 2,885 2,018 4,365 EBITDA (INR Mn and EBITDA Margin (%) 183 127 3,030 96 PAT (INR Mn) and PAT Margin (%) 145 121 105 96 aarvi. 83 5.20% 4.76% 4.40% 4.19% 4.19% 3.17% 3.32% 2.74% FY21 FY22 FY23 9M-FY24 FY21 FY22 FY23 9M-FY24 FY21 FY22 FY23 9M-FY24 Net Debt to Equity (x) Networth (INR Mn) FY21 FY22 FY23 9M-FY24 1,081 1,136 947 851 -0.24 -0.01 -0.03 -0.06 ROE and ROCE (%) 15.24% 12.78% 12.30% 13.41% 12.54% 12.11% FY21 FY22 FY23 9M-FY24 FY21 FY22 FY23 -ROE -ROCE#2727 Capital Market Data 30% 20% Share Price Data As on 31st December, 2023 Aarvi Nifty-Close 10% 0% -10% -20% -30% لسر -40% -50% Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Price Data (As on 31st December, 2023) Face Value Market Price 52 Week H/L Market Cap(Mn) Equity Share Outstanding (Mn) 1 Year Avg Trading Volume ('000) 10.00 157.75 184.8/100.5 2,332.18 14.78 33.61 Shareholding Pattern (As on 31st December, 2023) Public 26.46% Promoter 73.54% aarvi.#2828 Disclaimer Aarvi Encon Limited aarvi No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Aarvi Encon Limited, which are expressed in good faith and in their opinion reasonable, including those relating to the Company's general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company's business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from. This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner. 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: XX VALOREM ADVISORS Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903 9500 Email: [email protected]#2929 Thank You aarvi.