#1WELSPUN WELSPUN INDIA LTD Investor Presentation July 2020 SPACES BED BATH. RUGS Ⓡ Christy spun threads with a soul ENGLAND. WELSPUN HEALTHY CUSHION THEIR EVERY CRAWL, STEP OR FALL WELSPUN FLOORING HYGRO COTTON AUTHENTIC WEL-TRAK FIBER WELHOME™ happitat ONSHIPS CHAMPIONS THE WIMBLEDON MARTHA M RT BRING HOME THE SUPERPOWERS OF SPACES BED BATH RUGS Bamboo Charcoal With Anti-Microbial Properties 3 PLY DISPOSABLE MASK 3 PLY WITH MELTBLOWN FILTER MIN. 95% BACTERIAL FILTRATION EFFICIENCY. WITH THE CARPET TILES FROM WELSPUN ILLUMINATION PRESENTS DESPICABLE ME MINION MADE DISNEY MARVEL American Cotton AMERICAN PRIDE IN EVERY THREAD#2Response to COVID-19 WELSPUN 2#3Swiftly restarting our operations with all safety protocols Advantages of our vertically integrated facilities • Vertically integrated / Composite mill • Worker's colony in factory vicinity • Cotton warehouse - coverage for 6 months • Ancillary units in same premises • Location close to the ports Preventive measures in residential colonies 2 Commuting from home to work Safety standards at work place Common touch areas Material handling 3 5 Taking care of Health and Safety of workforce AYLEPUN GROUP RAJUBMA 24*7 well equipped medical centres Provision of all the essential items and PPE's Nutritious food and immunity booster drinks Take Self Assessmen Self Assessement Contact Tracing Social Distancing distance Policy & FAQ Read your organization paley and FAQ WEL WelHeal App (Testing, Tracing, Treatment) Using technology to change behavior Project Saksham Connecting with associates families in Bihar, Jharkhand 3#4Keeping extended Welspun family & neighbourhood Safe, Healthy and Motivated Al based robotic consultancy, virtually connecting with specialist doctor Michael Mullen, our head of sales in US for Home Textiles has a few tips to share to #WorkFromHome-leverage technology, eat healthy, exercise and of course stay clean and maintain ocal distancing. "Together, we'll get through this" he says we couldn't agree mom, Micheel #WellAndHome Medical services for Welspun employees, their families & neighbourhood खांसी, जुकाम होने पर घबरायें नही और चुरन्त स्वास्थ्य एवं परिवार कल्याण मंत्रालय भारत सरकार के हेल्पलाईन पर कॉल करें। +91-11-23978046 Hospital tie ups, COVID Committee, Awareness drives Arrangement of 100+ Isolation Wards & Quarantine homes Virtual Health, Wellness, Family Engagement, Digital Learning programs WELSPUN GROUP Leading ram PLAY VIDEO WWELIPURINA KEEP YOUR IMMUNITY STRONG The immunem la precisely that-asysten, not a single ey To function well it and hamony You can streghen this with a few adding to yefestyle EMPLOYEE TRAINING & CONNECT CALENDAR (MAY 11 TO MAY 15) SITUATIONAL LEADERSHIP MASTERCLASS BY ACUMEN DATE 17TH MAY 2020 TIME 5.00 10 6:30 PM IST LIMITED SEATS FOR MANAGER GRADE & AVA COLOR SEPARATION TRAINING WEBINAR BY AVA CAD CAM TEAM DATE 12TH MAY 2020 TIME 3:30 TO 6:30 PM IST SECTED NOMINATIONS ONLY THIS IS THE TIME TO PUT YOUR HEALTH ON PRIORITY ADVANCE POWERPOINT TRAINING (WUSA/ WUK/IND) BY AND SOLUTIONS TEAM TIME 5.00 PM TO 7:00 PM IST "REGISTRATIONS OPEN ON SUCCESS FACTORS AVA MATERIALISE TRAINING WEBINAR BY AVA CAD CAM TEAM DATE 14TH MAY 2020 TIME 3:30 TO 5:30 PM IST SELECTED NOMINATIONS ONLY Family TRAIN WAVE INTRODUCING FAMILY BRAIN WAVE DATE 15TH MAY 2020 STAY TUNED FOR MORE INFO #terside ONE WELSPUN CLICK TO WATCH band THANK YOU for the fabulous respon CONGANTYLATIONS TO CU LUCKY WINNERS •Live Family TINGO! Say had me agamuming you way Bhagter d AMBU#5Q4 & FY20 Financial Performance WELSPUN LO#6Key Highlights - FY20 WELSPUN Emerging businesses collectively continue to grow by ~30% YoY Flooring business commenced operations; appointed 50+ distributors pan India Launched Martha Stewart brand for Bed, Bath & Flooring categories Brand 'Welspun' catapulted to Top 2 position in value segment in Home Textile Domestic branded business growth of > 30% HygroCottonⓇ completed 15 Years & cumulatively achieved $1 bn in Global Sales Awarded 'Highest Global Exports' from Texprocil for more than 10 years in a row Only Textile player amongst Top 100 cos. in India for Sustainability & CSR by 'ET-Futurescape' 41% sales from Innovative Products Core business EBITDA Margin at 22.0%, higher 474 bps YoY Prepaid term loans of Rs. 2,842 mn ROE 16.1% ROCE 12.3% (pre-tax) CO#7Financial Performance - Q4 & FY20 WELSPUN (Rs. Million) Particulars Q4 FY20 Q4 FY19 YOY Change Q3 FY20 QoQ Change FY20 FY19 YOY Change Total Income 16,645 16,009 4.0% 16,049 3.7% 68,362 66,084 3.4% EBITDA 2,963 2,524 17.4% 2,389 24.0% 13,098 11,467 14.2% EBITDA Margin (%) 17.8% 15.8% 203 bps 14.9% 291 bps 19.2% 17.4% 181 bps Finance Cost 612 479 27.80% 455 34.5% 1,777 1,593 11.6% Depreciation 1,247 1,098 13.5% 1,325 -5.9% 4,811 4,358 10.4% PBT (Before exceptional) 1,103 946 16.6% 609 81.2% 6,510 5,516 18.0% Exceptional Items^ (2,240) 434 434 (2,647) PAT (After Minority Interest) 856 (793) 732 17.0% 5,074 2,098 141.8% Cash Profit* 1,960 2,174 -9.8% 1,629 20.3% 9,702 8,977 8.1% EPS (Rs.) 0.85 (0.79) 0.73 17.0% 5.05 2.09 141.8% ^ Q3 & FY20 Exceptional Item: Rs. 434 mn (Reversal of excess provision related to provenance) * Cash Profit = PBDT (before exceptionals) less Current Tax Prior period figures are restated wherever necessary 7#8Segment Results - Q4 & FY20 Particulars WELSPUN (Rs. Million) Q4 FY20 Q4 FY19 YOY Change Q3 FY20 QoQ Change FY20 FY19 YOY Change Home Textile Revenue 15,845 15,488 2.3% 15,490 2.3% 66,633 65,137 EBITDA 3,767 2,338 61.2% 2,947 27.8% 14,692 11,278 2.3% 30.3% EBITDA Margin (%) 23.8% 15.1% 868 bps 19.0% 475 bps 22.0% 17.3% 474 bps Flooring Revenue 421 85 395.9% 218 92.7% 872 131 564.4% EBITDA (597) (93) (545) (1423) (275) Prior period figures are restated wherever necessary#9Financial Performance Trend (Rs. Million) Particulars FY16 FY17 FY18 FY19 FY20 Total Income 60,143 67,211 61,318 66,084 68,362 Growth % 9.5% 11.8% -8.8% 7.8% 3.4% EBITDA 16,831 16,639 12,046 11,467 13,098 EBITDA Margin 28.0% 24.8% 19.6% 17.4% 19.2% Depreciation 3,718 5,054 5,042 4,358 4,811 Finance cost 2,368 1,583 1,408 1,593 1,777 PBT (Before exceptional) 10,745 10,003 5,597 5,516 6,510 Exceptional Items (4,648) (2,647) 434 PAT (After Minority Interest) 7,365 3,576 3,850 2,098 5,074 Cash Profit* 12,074 9,131 9,413 8,977 9,702 EPS (Rs.) 7.3 3.56 3.83 2.09 5.05 * Cash Profit = PBDT (Before exceptionals) less Current Tax WELSPUN#10Balance Sheet Trend WELSPUN (Rs. Million) Particulars Net Worth 31-Mar-16 31-Mar-17 31-Mar-18 31-Mar-19 31-Mar-20 19,700 23,971 26,057 27,793 29,721 Short Term Loans 13.533 11,721 12,580 14,080 17,717 Long Term Loans 18,945 21,393 20,228 19,024 16,704 of which Flooring Debt 2,870 6,314 Gross Debt 32,478 33,114 32,807 33,104 34,421 Cash & Cash Equiv. 1,388 2,725 2,538 2,821 4,803 Net Debt 31,090 30,389 30,269 30,283 29,618 Net Debt excluding Flooring debt 31,090 30,389 30,269 27,412 23,304 Average Capital Employed # 53,331 58,189 62,111 64,209 67,141 Net Fixed Assets (incl CWIP) 33,508 35,713 33,641 36,154 38,105 Net Current Assets* 16,845 20,114 23,734 22,210 21,828 Total Assets 65,491 73,283 72,249 77,423 83,103 Core business Net Debt reduced by Rs. 6,965 mn in 2 Yrs # Capital Employed = Net worth + Gross Debt + Other long term liabilities | * Net current assets does not include Cash & cash equivalents 10#11Financial Ratio Trend FY16 FY17 FY18 FY19 FY20 Net debt/Equity 1.58 1.27 1.16 1.09 1.00 Solvency ratios Net debt/EBITDA 1.85 1.83 2.51 2.64 2.26 EBIT/Interest 5.54 7.32 4.98 4.46 4.66 Current ratio 1.15 1.41 1.42 1.25 1.19 Fixed asset turnover 1.77 1.86 1.80 1.81 1.77 Total asset turnover 0.90 0.91 0.84 0.84 0.81 Operational ratios Inventory days 68 70 79 75 83 Debtor days 52 53 56 60 59 Payable days 41 41 39 39 49 Cash conversion cycle 79 82 96 95 93 ROE 42.8% 29.6% 15.4% 15.2% 16.1% Return ratios ROCE (Pre-tax) 24.6% 19.3% 11.3% 10.9% 12.3% Continuous Improvement in Net Debt/Equity WELSPUN 3. FY17, FY19 & FY20 Return Ratios figures adjusted for Exceptional item 1. ROCE = EBIT / Average Capital Employed; ROE = Net Profit / Average Net worth 4. 2. Total asset turnover = Sales/ (Fixed assets + Gross current assets) ROCE (pre-tax) excluding Welspun Flooring is 11.6% for FY19 and 13.9% for FY20 11#12Rs. in Millions Focus on Free Cash Flow (3,770 FY16 2,405 907 859 785 786 787 773 FY17 FY18 (2,240 (1,574 FY19 FY20 FCF positive and utilized for dividend payout WELSPUN ■FCF ■ Dividend 12#13Rs. million Rs. million Trend of Financial Performance TOTAL INCOME CAGR 9% 67,211 66,084 68,362 60,143 61,318 54,924 44,772 36,965 EBITDA CAGR 11% WELSPUN 16,831 16,639 13,691 13,098 12,046 11,467 10,253 6,438 سانتى FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 NET PROFIT* CAGR 12% 7,365 6,979 5,398 4,195 2,248 FY13 FY14 FY15 FY16 FY17 CASH PROFIT CAGR 13% 5,074 3,850 4,242 *Net Profit for FY17 & FY19 is adjusted for exceptional items | CAGR is based on FY13-FY20 12,074 9,017 9,131 9,413 8,977 9,702 6,237 4,178 FY18 FY19 FY20 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20#14Dividend Policy 8 Board approved dividend distribution policy 8 8 25% of Standalone PAT to be the total payout (incl. dividend tax if any) $ Consistent track record of dividend distribution WELSPUN Period Standalone EPS DPS Dividend Tax Per Share Payout Percentage FY15 5.09 1.05 0.21 25% FY16 5.99 1.30 0.26 26% FY17 3.05 0.65 0.13 26% FY18 3.03 0.65 0.13 26% FY19 1.41 0.30 0.06 26% FY20 4.73 1.00 0.20 25% 14#15Shareholding and Trading Snapshot Shareholding Pattern As on March 31, 2020 17.3% Promoter 2.0% Flls 68.9% 6.2% 5.6% WELSPUN Mutual Funds / AIF Banks and Insurance Cos Public As on June 26, 2020 INR USD Price per share 36.15 0.48 21 Market Statistics No of shares outstanding (Mn) 1,005 Market capitalization (Mn) 36,321 481 Daily average trading Volumes (Q4 FY20) (Mn) 3.18 Daily average trading Value (Q4 FY20) (Mn) 132.1 1.75 Source: BSE & NSE 15#16Corporate Overview WELSPUN 16#17About Welspun Group Global Leader in Home Textiles WELSPUN INDIA HOME TEXTILES WELSPUN GROUP LEADING TOMORROW TOGETHER WELSPUN Global Leader in Large Diameter Pipes Infrastructure Investments in Oil & Gas Group Revenue US$ 2.7 Billion Over 20,000 kms of pipes supplied Fixed Asset Base US$ 0.9 Billion WELSPUN CORP PIPES AND PLATES WELSPUN ENTERPRISES INFRASTRUCTURE AND ENERGY Employees 25,000+ 17#18WELSPUN M WELSPUN INDIA OVERVIEW Presence in 50+ Countries with Distribution Centers in North America, Europe and Asia 30 Unique Innovations AUTHENTIC WEL-TRAK FIBER HYGRO COTTON Hollow core comfort is here traced tracked - trusted" Largest Home Textiles Company Globally(1) With Presence in Bed, Bath, Advanced Textile & Flooring Note: (1) Based on consolidated revenues from Home Textiles segment Trusted Partner Preferred Supplier to Top Global Retail giants & Hospitality players Socially Responsible, Sustainability-focused Ranked #1 Among Home Textile Suppliers to USA 5 Times in Last 6 Years by HTT Magazine 35+ Years History Every 5th Towel Every 9th Sheet Sold in the US is Made by Welspun Based on OTEXA CY2019 data 18#19Empty#20Global Market Opportunity Global Home Textile Market USD Bn CAGR $ 5.0 6.6% 242 145 48 48 80 2017 2025E Wholesales Level Retail Level Other Non-cotton Products $ 3.0 Other Cotton Products $ 4.0 US Home Textile Market (2018) USD Bn O MMF Floor Coverings $ 0.3 Cotton Pillowcases $ 1.4 Cotton Sheets $ 1.6 Cotton Towels $ 1.0 Cotton Bedspreads WELSPUN Market Composition Row 25% Europe 44% Strong Presence of India Next Opportunity for India US and Europe are the major end markets comprising a 75% of the textile market • India players have concentrated in US because • US is a large and homogenous market making it a more attractive market to target first • While US is a level playing field, Europe provides preferential tariff rates to some competing countries Source: OTEXA, Industry Reports & Articles (Wazir Advisors) US 31% 20#21Vertically Integrated Presence with Significant Capabilities India Supply Advantage Vertically Integrated Facilities Across Manufacturing Chain Cotton Towels, Bath Robe D WELSPUN Spinning Weaving Processing Captive Power Cutting & Sewing Logistics Current integration of about 70% in Spinning and Weaving Sheets, TOB, Utility & Fashion Bedding Carpets, Rugs, Flooring Solutions Towel ('000MT) Bed Linens ('Mn mtrs) Rugs & Carpets ('Mn sq. mtrs) Capacities 80 90 || 10 | FY20 Effective Utilization 84% 74% 21 78%#22Global Distribution Network with Marquee Clients 心 WELSPUN ASDA Ruchan Carrefour ( DEBENHAMS HOUSE OF FRASER JYSK RUSTA John Lewis Kaufland Sainsbury's TESCO Home Town lifestyle® Abohar banana kita san SHOPPERS STOP Warehouses Manufacturing Facility Corp HQ/Marketing Offices Country Served BED BATH & COSTCO BEYOND EWHOLESALE JCPenney KOHL'S ★macy's Walmart THE DEPOT HOME amazon wayfair @home amazon.in Delivery and Reach in Over 50 Countries 22#23Welspun India: Growth Drivers 1 Innovation 2 Brands WELSPUN 20 3 Sustainability WELSPUN 4 New Channels / Markets 5 New Products 23#24Increasing Share of Innovative Products 15 successful years of Hygrocotton WELSPUN 41% 41% of Sales from Contributing $1bn in FOB sales HYGRO COTTON 34%) 36%) 37% (38%) Innovative Products Gaining traction in hospitality & domestic market (30%) Received asthma and allergy free 30 unique inventions filed globally AUTHENTIC папо Core WEL-TRAK certification for bedding products in US post stringent testing Constitutes 3% of total revenue Top Universities eivie Before washing Technology Partners Global Collaboration on Innovation Industry Associations FY15 FY16 FY17 FY18 FY19 FY20 HAPPY BIRTHDAY 15 HYGRO COTTON 15 Innovative products account for 41% of revenue (FY20) After 3 washings HYGROCOTTONⓇ Regulates temperature for individual comfort 24#25WELSPUN WEL-TRAK: Patented Global Cotton Integrity Process AUTHENTIC WEL-TRAK FIBER Welspun's patented Wel-TrakⓇ process, supplemented by scientific traceability from Oritain™ is now the industry defining end-to-end fiber tracking process ORITAIN PRIORITUTAFI QA AUCOT LIMITED Ө Dedicated Suppliers of Cotton Ginning Spinning Weaving Finishing Cut & Sew Pack & Ship Retail Chemical Finger Printing AUTHENTIC WEL-TRAK FIBER ORITAIN Verifies fiber from the origin and at every stage of production Seal of Authenticity of Origin Ensures rigorous process control of fiber's physical parameters Traceability Like No Other Authenticates cotton from dedicated sources Assures independent third-party testing டர் Chemical Finger Printing Visit Wel-Trak.com Allows consumers to track fiber in product back to the farm where it was produced 25#26200 2,500 + strong and AMO growing daily 0 貝 Real-time "chat" on a social media-like platform, with results segmented across various demographics WELSPUN FAMILY-FIRST CONNECTION. Welspun is creating and maintaining a community that we interact with regularly to help guide our decision-making with regard to product development, consumer marketing and retailer assortments. the welspun brain trust Leveraging consumer insights to accelerate innovation 26#27Diversified Brand & Licensed Portfolio Premium & Luxury Christy ENGLAND SPACES SHIPS CHAMPIONSH THE WIMBLEDON HYGRO Online WELHOME™ Innovation happitat Sustainability & Empowerment AUTHENTIC WEL-TRAK FIBER nano! core COTTON Traced tracked trusted) Brand Spectrum Continues to Evolve spun freaks with a Branded Products Contribution to Sales at 20% in FY20 Coveted Licenses American Cotton AMERICAN PRIDE IN EVERY THREAD STAY WELL MARTHA M STE EWAR WELSPUN Value WELSPUNⓇ -BED-N-BATH - 27#28Premium Brand: Spaces Focus on Tapping Domestic Market Potential India - One of the fastest growing economies in the world with huge potential for increasing organized market 2000+ Outlets across 350 Cities & Towns Healthy 100% growth in last 1 year usage among consumers as per Brandhealth survey No. 1 brand in Bed + Bath category in Home furnishing SIS stores Presence in 200+ shop-in-shops SHOPPERS STOP START SOMETHING NEW lifestyle @home Home Town Redesigned Brand Strategy Use of 360 degree marketing approach by increasing customer touch points including social media, POS, in-store, PR news, TV, outdoor, radio, customer service. Revisited Spaces brand campaign THE MEGA HOME STORE Ⓡ SPACES BED BATH RUGS Licenses for Domestic Market Ab ghar banana kitna aasaan! THE CHAMPIONSHIPS WIMBLEDON ILLUMINATION PRESENTS DESPICABLE DISNEY ME MARVEL WELSFUN Art inspired bed linen Rangana SPACES BED BATH RUGS TM & BOST SPACE BED BATH RUCS WELSPUN The Next Growth Engine SPACES SPACES BED BATH RUGS Breatheasy pillows WITH THE SUPERPOWER OF ANTI-ALLERGENS HYGROCOTTON WITH THE SUPERPOWER OF TEMPERATURE REGULATION 20 20 28#29Value Brand: Welspun Value brand 'Welspun': Leading brand in Mass Home linen segment Mission Water Saver - Digital Game WELSPUN MISSION WATER SAVER JITNA BACHEGA UTNA DESH MEIN BATEGA PLAY NOW HAR PLAYER JEETEGA! WELSPUN 74 BATH — GHAR LAAYEIN 40% PAANI BACHANE KA UPAAYE! MISSIONWATERSAVER.COM Mission Water Saver Welspun will donate water equal to your score, to a drought hit area #PehliLohriDaTohfa Ho Toh Aisa, Welspun 2in1 Bedsheet Jaisa! Regional Festival Promotions W WELSPUN Fedsheet MAR 799.00 Campaign starring Amitabh Bachchan 100% COTTON 8 LONG LASTING Election TVC on News Channels Reaching Larger Audience → 2500+ Outlets across 50 Cities WELSPUN 29#30Ecommerce - Multipronged strategy to drive growth Comprehensive digital channel strategy to serve B2B, B2C and Omni-channel customers 200 B2B 280 may june - - - Private Label White Label Hospitality july Gne B2C B-1 - - - Branded White Label Hospitality - - - Omni-channel 309 - Private Label White Label Branded Hospitality WELSPUN#31Emerging Business: Flooring Solutions Wide range of flooring products Carpet tiles Broadloom carpets 41774 Click n Lock tiles Artificial grass WELSPUN Welspun Flooring Only company to manufacture both Hard & Soft Flooring under one roof Vertically integrated company LEED Gold certified In-house Design lab One day flooring with company provided expert installation • Facility located in Telangana • Investment of Rs. 8.8 billion . Ongoing Digital transformation at breakneck speed with upcoming tools such as Virtual retailing tour experience, Online Design studio, interactive e-catalogs etc. . 50 distributors and ~500 dealers have been appointed so far pan- India • Aim to become leading one-stop Flooring solution provider in Domestic & Global markets 31#32Emerging Business: Advanced Textile Spunlace Cater to medical disposables, hygiene and cosmetic applications Successfully tested for manufacturing aerospace material Welicate Spunlace for Delicate touch WELSPUN Wet wipes Tailor made for end applications like Baby Care, Personal Hygiene, Cosmetics, & Home-care "Made in India" products range gaining traction globally Needlepunch Applications like Air filtration, EAF (Engine air filter), liquid filtration- Industrial oil, fuel, food & beverage, paint, pharma etc. Products include specialized features such as fire retardants, stain resistant, anti-bacterial, PET resistant, and soil resistance, among others Thermo bonding Technology → Hydro Entanglement Markets → Automotive Protective Filtration Mechanical bonding Coating Substrates Home Textiles 32#33Health & Hygiene foray spun to care WELSPUN HEALTH Leveraging integrated capabilities in both woven & non-woven fabrics • National and international certifications on Facilities & Products. WELSPUN • • • Product range: Masks, coveralls, wipes, disposable linen Current Capacity: Daily > 250,000 Masks and 10,000 Coveralls Cater to business requirements both within India and from overseas WELSPUNⓇ HEALTH♥ WELSPUN HEALTH♥ Textile capacity for making Personal Protection products >98% BACTERIAL FILTRATION EFFICIENCY HARBH NOASTRA 3PLY DISPOSABLE FACE MASK 05 PACK CONTAINS SPLASH MELT-BLOWN LAYER RESISTANT 4 BREATHABLE MATERIAL 15-16289 ST CM/L 7600130107 Anti-Viral Textiles + HealthGuardⓇ Intelligent Biotech Solutions Partnership with HealthGuard corporation, Australia 33#34Sustainability woven in Value Chain Sourcing of Raw Materials Recycling/Upcycling Organic Cotton BCI Better Cotton Initiative Recycled Cotton mit media lab Manufacturing Process OEKO-TEX® CONFENCE IN TERTILES MADE IN GREEN Higg Index Sustainable Sourcing Farming Projects Zero Fresh Water Usage Green Cover FASHIO Recycled polyester I:CO spun PreE Global Recycled Standard PRODUCTS & OFFERINGS Ancillarisation Reducing Carbon Footprint WELSPUN Supply Chain & Packaging Weaving Sustainability in all aspects of the Value chain AUTHENTIC WEL-TRAK FIBER 34#35Inclusive Growth: Corporate Social Value WELSPUN table thought come to from everyw Environment Empowerment Sustainable business practices, clean water, improved sanitation and development of green spaces within the communities Wel-netrutva Education Supporting Sportswomen Akankshita Center Welspun 2.0, spun centers, smart villages are empowering the women in Gujarat to lead the way to economic independence and growth. 450+ Women Entrepreneurs across 205 Villages WELSPUN WEL- ACCELERATE 8888 WELSPUN VEDTA ARDIN ble thoughts come to wo from every w Our initiative to improve the quality of education at schools serves over 160+ schools, ~317 digital Classroom, 1300+ teachers and 65,000+ students in Gujarat WELSPUN SUPER S SPORT WOMEN 250+ Medals won through Welspun Super Sports across 11 different sports. Partnership with sports agency - Meraki Sports 26 Athletes across India 35#36Awards & Accolades - Testimony to Excellence WELSPUN FUTURESCAPE Sustainability & CSR Amongst Top 100 Companies in India (2019) amazon Marketing Marketing Services Award "Spaces" (2018) Walmart > Sustainability GIGA GURU status from Walmart for Sustainability (2019) and many more... BW BUSINESSWORLD Most Influential Women Dipali Goenka Recognized for contribution to India's economy and society (2020) Walmart Supplier Won 'Home Private Brands Supplier of the Year' award from Walmart (2020) TEXPROCIL THE COTTON TEXTILES EXPORT PROMOTION COUNCIL Highest Exports Winner of Platinum (2019) 36#37Experienced Board & Management with Proven Track Record noun Board of Directors Management Team WELSPUN • B. K. Goenka, Chairman Amongst India's most dynamic businessmen Recipient of Asian Business Leadership (ABLF) Award, 2019 • Past President ASSOCHAM (2019) Arun Todarwal, Independent Director, Audit Committee Chairman • 20+ years of experience in Finance, Audit, Taxation and Quality Management. Member of ICAI, practicing since 1981 Ms. Anisha Motwani, Independent Director 28+ years experience in advertising, auto-manufacturing, financial and health services. Currently advisor to World Bank. Voted among '50 Most Powerful Women in Indian Business' by Business Today for 3 consecutive years Pradeep Poddar, Independent Director Technocrat & Corporate Leader with 30+ years of experience in consumer products industry and vast experience in brand building Arvind Singhal, Independent Director • MBA from University of California, founded Technopak, India's leading management & operations consulting firm with focus on Textiles, Retail, Healthcare etc • Rajesh Mandawewala, Managing Director; Member of Board Qualified Chartered Accountant; Played an instrumental role in establishing Welspun's Textile & Pipe business • Leading new strategic initiatives of the Group • Authorization of investment decisions for Welspun Ms. Dipali Goenka, CEO & Joint Managing Director; Member of Board Driving force behind textile business, successfully led development of two brands - SPACES and Welhome • Graduate in Psychology & completed Management Program from Harvard Sanjeev Sancheti, CFO (Welspun India) • 29+ years experience in corporate finance, accounts and strategy • Worked with Tebma Shipyards, P&O Ports, Webb India. Was with SREI as Chief Strategy Officer for 12 yrs before joining Welspun Nemisha Ghia, CEO (Retail) 18 years+ of diverse experience across E Commerce, FMCG & Telecom Worked with Bharti Airtel, Reliance Telecom, PepsiCo Fritolay, HUL, Mondelez, Amazon and Swiggy Cherian Thomas, CEO (Advanced Textiles) • 24+ years of experience across diverse functions & global functional expertise • Worked with Essel Propack, ITW Signode, Packaging India Private India Limited, Amcor Flexibles India Private Limited Mukesh Savlani, CEO (Welspun Flooring) • Home-grown CEO with 17+ years experience in various roles at Welspun; Engineering graduate Leadership Program from Harvard Ravi Panicker, Head (Christy) • 26+ yrs. experience in Retail Sales, Ecommerce & Category Previously worked with Raymond, Bombay Dyeing among others Michael Mullen, Sales Head - US • 26+ years. experience in Business Development, Sales & Merchandising & E-Commerce Previously worked with Keeco, Home Express, Mervyn's and E & E Co •#38Disclaimer WELSPUN The information contained in this presentation is provided by Welspun India Limited (the "Company"), although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is subject to change without notice, its accuracy, fairness or completeness is not guaranteed and has not been independently verified and no express or implied warranty is made thereto. You must make your own assessment of the relevance, accuracy and adequacy of the information contained in this presentation and must make such independent investigation as you may consider necessary or appropriate for such purpose. Neither the Company nor any of its directors assume any responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information or opinions contained herein. Neither the Company nor any of its directors, officers, employees or affiliates nor any other person accepts any liability (in negligence, or otherwise) whatsoever for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection therewith. The statements contained in this document speak only as at the date as of which they are made, and the Company expressly disclaims any obligation or undertaking to supplement, amend or disseminate any updates or revisions to any statements contained herein to reflect any change in events, conditions or circumstances on which any such statements are based. By preparing this presentation, none of the Company, its management, and their respective advisers undertakes any obligation to provide the recipient with access to any additional information or to update this presentation or any additional information or to correct any inaccuracies in any such information which may become apparent. This document is for informational purposes and does not constitute or form part of a prospectus, a statement in lieu of a prospectus, an offering circular, offering memorandum, an advertisement, and should not be construed as an offer to sell or issue or the solicitation of an offer or an offer document to buy or acquire or sell securities of the Company or any of its subsidiaries or affiliates under the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, both as amended, or any applicable law in India or as an inducement to enter into investment activity. No part of this document should be considered as a recommendation that any investor should subscribe to or purchase securities of the Company or any of its subsidiaries or affiliates and should not form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. This document is not financial, legal, tax, investment or other product advice. This presentation contains statements of future expectations and other forward-looking statements which involve risks and uncertainties. These statements include descriptions regarding the intent, belief or current expectations of the Company or its officers with respect to the consolidated results of operations and financial condition, and future events and plans of the Company. These statements can be recognized by the use of words such as "expects," "plans," "will," "estimates," or words of similar meaning. Such forward-looking statements are not guarantees of future performance and actual results, performances or events may differ from those in the forward-looking statements as a result of various factors and assumptions. You are cautioned not to place undue reliance on these forward looking statements, which are based on the current view of the management of the Company on future events. No assurance can be given that future events will occur, or that assumptions are correct. The Company does not assume any responsibility to amend, modify or revise any forward-looking statements, on the basis of any subsequent developments, information or events, or otherwise. Any reference herein to "the Company" shall mean Welspun India Limited, together with its consolidated subsidiaries. 38#39WELSPUN THANK YOU For further details, please contact Sanjeev Sancheti President (Finance) & CFO Welspun India Limited Email: [email protected] Vipul Garg Group Finance & Strategy (Investor Relations) Email: [email protected]