#1GE GE T&D India Limited ENABLING INDIA'S ENERGY TRANSITION Analyst Presentation Q2 Financial Year 2021-22 100 -#2DISCLAIMER This presentation has been prepared solely for the use at analyst/investor presentation. By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations- • • • The forward-looking information and statements can generally be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements sometimes use terminology such as "targets", "believes", "expects", "aims", "assumes", "intends", "plans", "seeks", "will", "may", "anticipates", "would", "could", "continues", "estimate", "milestone" or other words of similar meaning and similar expressions or the negatives thereof. GE T&D India Limited cannot give assurance to the correctness of such information and statements. By their nature, forward-looking information and statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements that may be expressed or implied by the forward-looking information and statements in this presentation. Should one or more of these risks or uncertainties materialize, or should any underlying assumptions prove to be incorrect, the Company's actual financial condition or results of operations could differ materially from that or those described herein as anticipated, believed, estimated or expected Given the aforementioned uncertainties, prospective or present investors are cautioned not to place undue reliance on any of these forward- looking statements No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investments decision whatsoever. Investor/prospective advisors must be sought on specific situation from well-informed legal, investment, tax, financial, and management professionals This presentation and its contents are confidential and must not be distributed, published or reproduced. This presentation does not constitute a recommendation regarding the securities of the Company. GE © GE T&D India Limited#3Changes to Board Mr. Rajendra Sheshadri lyer appointed as the Director with effect from October 1, 2021 Mr. Sushil Kumar appointed as Whole-time Director and CFO with effect from January 1, 2022 Mr Emanuel Bertolini and Mr Gaurav Negi ceased to be directors of the company with effect from October 1, 2021 & November 1, 2021, respectively#4Executive Summary Q2 FY 21-22 Orders booking at 6.3 BINR vs 5.4 BINR in Q2 FY 20-21, up 18% yoy Q2 FY 21-22 Sales at 8.5 BINR vs 8.7 BINR in Q2 FY 20- 21, down 2% yoy Q2 FY 21-22 Loss After Tax at 77 MINR vs Profit After Tax of 86 MINR in Q2 FY 20-21 Continuous Focus on operational excellence including lean implementation Order Intake improving gradually Order back log of 41.5 Billion Net debt increase by 600 MINR in Q2 FY 21-22 GE O GE T&D India Limited#5Creating the Grid of Future | Key Commissioning 8x400kV bays, 4x220kV, 5x132kV GIS Bays, 2x500 MVA ICTs along with 1x63 MVAR Bus Reactor commissioned at UPPTCL Hardoi Road 5x220kV AIS Bays, 3x33kV Switchboards with 3x125 MVA Transformers for 300MW Solar Plant evacuation commissioned for Surya Urja at Bikaner 2x765kV AIS Extension Bays with 7x 80MVAr Line Reactors charged successfully for Adani BKTL at Bikaner KSSB 12x400kV, 8x220kV AIS bays with 2x500 MVA ICTS & 2 x 125MVAr reactors commissioned for NKTL Adani at Dhanbad 220kV GIS along with GIB & 2x100 MVA ICT commissioned at KSEB Kunnamangalam 7x220 kV GIS bays, 1x160 MVA ATR, 1 X132 kV AIS Bay charged for DVC at Burdwan 1 Bay along with line successfully charged for Doosan at Obra O GE T&D India Limited#6Making In India for the World Factory Spotlight: Pallavaram zijunka Cells LEAN SAN Mur KAIZEN MUDA EDB 1233 GE Pallavaram Site since 1958: Pioneer in Grid Automation and Protection Controls One of the largest relay manufacturing and panel integration facility in Asia. Making in India for the World - Exports to more than 60 countries 20 million safe man-hours without lost time injury First to manufacture relay & control panels for power systems in the country and continue to serve for more than 60 years Every 1 minute, 2 relays are manufactured and delivered to the customer across the globe from this plant First to introduce the digital technology in the Indian Power System and delivered complete digital bay/substation; Competence center for IEC61850. More than 300 substations across India are functioning with GE's automation technology O GE T&D India Limited#7VA LEAN WEEK President Kaizen Event President's Kaizen Event Oct21-8 Oct 21 "CH to mok better" TRAN DAY GE HVS team at Padappai introduced Flow Line for ME4 drives in to cater to global requirements for meeting the $ 3M top line 15 Kaizens including ergonomics - 90% reduction in Manufacturing Lead times, product & people travel distance reduction by 13% and 30% respectively and improved capacity of Drives line from 2 to 18/day. Grid Automation team at Pallavaram applied 5s & Visual Management in the Projects Stores handling 1000+ Sub Station Automation Projects 10 + Kaizens including ergonomics - 45 % reduction in Kitting cycle time & 40% in Material/Man Distance Travel in stores operations, 15% in space,44% improvement in Ergo score PTR team at Vadodara took steps to defined and standardized material feeding system for 765 kV 1-ph Shunt Reactors in PTR 15 Kaizens including ergonomics - 75% Reduction in replenishment lead time, Leakage by 50%, Spaghetti Movement by 45% as an average across all the sections O GE T&D India Limited#8ORDER INTAKE Q2 & H1' FY 2021-22 (GE) (in millions) Key Orders booked during Q2, FY 21-22 Q2 ■ Q1 9,821 5,389 11,064 6,341 4,432 4,723 H1 FY 2020-21 H1 FY 2021-22 Multiple contracts by Bhutan Power Corporation (BPC), to build four Gas-Insulated Substations (GIS) in Bhutan on a turnkey basis. 500 MVA 765KV Power Transformers from PowerGrid Corporation of India under the Transmission System Strengthening Scheme for evacuation of power from Solar Energy Zones in Rajasthan (8.1 GW) under Phase-II Services contract for maintenance of 400 kV Gas Insulated Substation at Kevadia in Gujrat from Sardar Sarovar Narmada Nigam Limited Supply of seventeen 132kV/145 kV Gas Insulated Switchgear bays in Arunachal Pradesh and Manipur from Sidhartha Engineering Private Limited 245 kV Gas Insulated switchyard at Gandhinagar in Gujrat from Torrent Power Limited © GE T&D India Limited#9Financial Data Q2 & H1 FY 2021-22 (in millions) Q2 Q2 H1 H1 Change Change 2021-22 2020-21 2021-22 2020-21 Sales 8,517 8,709 -2.2% 14,898 15,137 -1.6% EBITDA 199 428 -53.6% 213 431 -50.6% % of Sales 2.3% 4.9% -2.6 pts 1.4% 2.8% -1.4 pts Profit Before Tax (96) 132 -173.4% (349) (131) -167.1% % of Sales -1.1% 1.5% -2.6 pts -2.3% -0.9% -1.4 pts Profit After Tax (77) 86 -189.8% (270) (117) -130.4% % of Sales -0.9% 1.0% -1.9 pts -1.8% -0.8% -1.0 pts Net Debt* of *1,966 M as on 30th Sep 21 vs 1,366 M as on 30th Jun, 21 vs ₹ 1,611 M as on 31st Mar, 21 (GE) * Net of Cash & Bank Balance of 808 MINR (Vs 602 MINR as on March 31, 2021) OGE T&D India Limited#10Orders, Sales and Backlog Details Q2 Orders H1 Orders (in millions) 90 ■ Domestic 3027, 48% ■ Exports ■ Domestic 4717, 43% ■ Exports 3314, 52% 6347, 57% Q2 Sales Domestic 2130, 25% Exports H1 Sales ■Domestic 3439, 23% ■ Exports 6387, 75% 11459, 77% ■ Private Order in Hand 7905, 19% ■State Utilities 7665, 18% ■Central Utilities & PSU 25933, 63%#11THANK YOU Contact us: Suneel Mishra Investor Relations Officer [email protected] Anshul Madaan Head Communications & PR - [email protected] http://www.ge.com/in/ge-td-india-limited gε Il ne m 200