#1INVESTOR PRESENTATION Q1 - FY2024 Pitti Engineering Limited PITTI#2Disclaimer This presentation has been prepared by the Company based on information and data which the Company considers reliable, but 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. Certain matters discussed in this presentation may contain statements regarding the Company's market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward looking statements are not guarantees for future performance and or subject to known and unknown risks, uncertainties, and assumptions that are difficult to predict. These risks and uncertainties include but are not limited to, performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and worldwide, competition, the Company's ability to successfully implement its strategy, Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, withdrawal of governmental fiscal incentives, the Company's market preferences and its exposure to market risks, as well as other risks. PITTI PITTI ENGINEERING LIMITED 2 @2023#3Management Commentary AKSHAY S PITTI VICE CHAIRMAN & MANAGING DIRECTOR PITTI ENGINEERING LIMITED Our Company has recorded a net profit of 13.97 crore in Q1 FY24, achieving a year-on-year growth of 19.30% against total revenue of 290.71 crore. Our EBIDTA for Q1 FY 24 grew by 19.69% year-on-year growth to 42.43 crore, highest ever EBITDA recorded for a quarter. The ongoing brownfield expansion at our facilities is progressing as planned. We have achieved the sales volume of 9,958 MT in Q1 FY24. The market outlook remains positive with robust demand for our products and services. PITTI 3 @2023#4PITTI ENGINEERING LIMITED Sectoral update PITTI 4 @2023#5Key macroeconomic indicators PITTI ENGINEERING LIMITED Indian economy is projected to have grown by 6.6% in FY24. Annual inflation rate in slowed sharply to 4.7% in April of 23, 4.31% in May 23 and 4.81% in June 23 - Down to 2021 levels. Expected to be surge in Jul-August Investment activity gained further steam on the back of government capital expenditure, rising business optimism and revival in private capex in certain key sectors. Domestic economic activity is holding up well and is likely to retain its momentum, despite weak external demand. PITTI 5 @2023#6Quarterly highlights Revenue of 290.71 Crores in Q1FY24 - down by 6.54% on YoY basis EBITDA of 42.43 Crores in Q1FY24 - up by 19.69% on YoY basis PAT of 13.97 Crores in Q1FY24 - up by 19.30% on YoY basis PITTI ENGINEERING LIMITED 101 PITTI 6 @2023#7Q1 - Key performance indicators PITTI ENGINEERING LIMITED PITTI (in Cr) Particulars Revenue EBITDA PAT Q1 FY24 290.71 42.43 13.97 Q1FY23 311.06 35.45 11.71 Year-on-Year (6.54)% 19.69% 19.30% Q1FY22 175.84 27.95 7.36 7 @2023#8PITTI ENGINEERING LIMITED 175.84 311.06 290.71 27.95 Q1 - Key performance indicators Revenue (in Cr) EBITDA (in Cr) PAT (in Cr) 35.45 Q1 FY22 Q1 FY23 Q1 FY24 Q1 FY22Q1 FY23 Q1 FY24 Q1 FY22 Q1 FY23 Q1 FY24 Q1 FY22 Q1 FY23 Q1 FY24 Q1 FY22Q1 FY23 Q1 FY24 7.36 8 @2023 11.71 16.34 13.97 21.99 2.29 27.13 Cash Accruals (in Cr) 3.65 4.36 EPS (3) PITTI PITTi°#9Q1 - Performance snapshot PITTI (in Cr) Q1 FY22 Particulars Revenue from Exports Revenue from Domestic Q1 FY24 91.96 Q1 FY23 YoY change 106.35 (13.53)% 59.91 197.83 204.19 (3.11)% 115.47 Other income Domestic 0.92 0.52 76.92% 0.46 Total Income / Revenue 290.71 311.06 (6.54)% 175.84 RM consumed & Change in Inventory 201.95 231.39 (12.72)% 115.09 Employee costs 22.88 21.39 6.97% 17.96 Consumables 5.69 5.55 2.52% 4.24 Power & Fuel 2.83 2.64 7.20% 1.96 Other expenses 14.01 14.12 (0.71)% 8.18 EBITDA excl. other income 42.43 35.45 19.69% 27.95 Blended EBITDA / tonne (*) 42,607 40,539 5.10% 45,479 PITTI ENGINEERING LIMITED 9 @2023#10Q1 - Performance snapshot PITTI (* in Cr) Q1 FY22 Particulars Q1 FY24 Q1 FY23 YoY change EBITDA excl. other income 42.43 35.45 19.69% 27.95 Other income 0.92 0.52 76.92% 0.46 Finance costs 11.61 10.70 8.50% 9.25 Depreciation and amortisation 13.16 10.28 28.02% 8.98 Tax expenses 4.61 3.28 40.55% 2.82 PAT 13.97 11.71 19.30% 7.36 Other Comprehensive Income (0.14) 0.00 NA (0.15) Total Comprehensive Income 13.83 11.71 18.10% 7.21 Earnings per share () 4.36 3.65 19.35% 2.29 PITTI ENGINEERING LIMITED 10 @2023#11Q1 - Operational highlights PITTI Annual Capacity as at the quarter end Q1 FY24 Q1 FY 23 YoY Change Q1 FY 22 Sheet Metal - MTs 50,200 50,200 0.00% 39,600 Machining - Hours 4,60,800 4,03,200 14.29% 3,62,800 Capacity utilisation for the quarter Sheet Metal 77.79% 73.62% NA 61.13% Machining 86.28% 79.10% ΝΑ 90.71% Sales in MT for the quarter Loose laminations Assembled & Valued-added Total 2,454 2,212 10.94% 1,751 7,504 6,535 14.83% 4,395 9,958 8,747 13.84% 6,146 Sales Realization / EBITDA Blended Sales Realization (per MT) 2,91,009 3,55,027 (18.03)% 2,85,351 Blended EBIDTA (* per MT) 42,607 40,539 5.10% 45,479 PITTI ENGINEERING LIMITED 11 @2023#12Q1 - End-user application revenue breakup Q1 FY22 *175.84 Cr 24.80% 23.23% 14.74% 16.22% 9.25% 7.02% Q1 FY23 32.51% 13.38% 12.85% 14.93% 10.53% 7.30% * 311.06 Cr Q1 FY24 290.71 Cr 31.99% 21.91% 15.48% 14.79% 9.29% PITTI 2.41% 5.84% 2.25% 1.72% 2.41% 2.65% 2.50% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00% 90.00% 100.00% Traction Motor & Railway Components Industrial & Commercial Renewable Energy PITTI ENGINEERING LIMITED Others Special Purpose Motors Appliances & Consumer, Automative & Data Centre Power Generation Mining, Oil & Gas 12 @2023#13Q1 - End-user application revenue breakup PITTI (in Cr) Q1 FY24 Q1 FY23 Q1 FY22 Applications Appliances & Consumer Revenue % of Revenue Revenue % of Revenue Revenue % of Revenue 0.02 0.01% 1.44 0.46% 2.37 1.35% Automotive 1.00 0.34% 1.26 0.41% 0.00 0.00% Data Centre 6.00 2.06% 5.55 1.78% 2.02 1.15% Industrial & Commercial 43.00 14.79% 46.43 14.93% 28.53 16.22% Mining, Oil & Gas 7.00 2.41% 22.72 7.30% 12.34 7.02% Power Generation 45.00 15.48% 39.97 12.85% 25.92 14.74% Renewable Energy 5.00 1.72% 18.16 5.84% 3.96 2.25% Special Purpose Motors 27.00 9.29% 32.76 10.53% 16.26 9.25% Traction Motor & Railway 93.00 31.99% 101.14 32.51% 43.60 24.80% Components Others 63.69 21.91% 41.63 13.38% 40.84 23.23% Grand Total 290.71 100.00% 311.06 100.00% 175.84 100.00% PITTI ENGINEERING LIMITED 13 @2023#14PITTI ENGINEERING LIMITED Corporate overview PITTI 14 @2023#15Delivering engineering excellence PITTi° As one of the leading engineering companies, we focused are on manufacturing value-added and assembled components through machining and lamination process for several downstream industries in India and international markets. One of the Largest Manufacturers and exporters of electrical laminations in India A leading supplier To all motor manufacturers in India One of the Market leader of assemblies for large alternators and motors in India Unique product offerings Assembled stators & rotors, machined castings, machined fabricated parts, shafts, tools & fixtures PITTI ENGINEERING LIMITED 15 @2023#16Focused on the long-term 鹂 Financial 44.06% *3-year CAGR Revenue 39.27% *3-year CAGR EBITDA Operational 3 State-of-the-art manufacturing plants 11 Countries of export presence Sustainable Vertically integrated Manufacturing process Diverse Product portfolio catering to several downstream industries 42.97% *3-year CAGR PAT 33.11% *3-Year CAGR Cash Accruals 198.75 Cr Revenue from domestic operations 91.96 Cr Revenue from exports 799 Cr Order book as on June 30, 2023 Long term relationship Customers & Vendors 0.85 Debt/Equity As on June 30, 2023 *3-year CAGR is calculated from FY 2021 to FY 2023 PITTI ENGINEERING LIMITED PITTI 16 @2023#17Marquee clientele बीएचईएल ABB ANDRITZ Cabomberg ALSTOM GE VERNOVA TRA Ingeteam MITSUBISHI ELECTRIC Changes for the Better MOOG MEDHA SIEMENS tdps PITTI ENGINEERING LIMITED TMEIC We drive industry IPS INTEGRATED CAVER SERVICES Cummins BHEL JE ALSTOM ⚫mobility by nature. DANA PITTI € ELIN Motoren A Voith Company L&T MHP Lucas TVS POWER R&MME ELECTRIC MACHINES GMBH RegalRexnord Creating a Better Tomorrow SUZLON POWERING A GREENER TOMORROW Stanley Black&Decker SAINI Engineering Possibilities C TITAGARH varroc EXCELLENCE VOITH Wabtec WED WOLONG Power your future CORPORATION 17/ @2023#18Industries we serve Appliances Automotive Cement Construction Data Centres DG Set Electric Vehicle Freight Rail Motor Hydro Generator Lift Irrigation Marine Medical Equipment Mining Mass urban Transport Other Industries Pumps Passenger Rail Steel PITTI ENGINEERING LIMITED Sugar Thermal Power Wind Mill Generator Wind Mills PITTI 18 @2023#19Contact us PITTI ENGINEERING LIMITED 6-3-648/401, 4th Floor, Padmaja Landmark, Somajiguda Hyderabad 500082. Telangana, India. T:+91 40 2331 2774 / 2331 2770 Email: [email protected] Website: www.pitti.in CIN: L29253TG1983PLC004141 Mr. M Pavan Kumar Chief Financial Officer Mr. CS Rama Naidu Intellect PR Mobile: +91 99202 09623 Email: [email protected] PITTI ENGINEERING LIMITED PITTI 19 @2023#20Thank You