#1GE GE T&D India Limited ENABLING INDIA'S ENERGY TRANSITION Analyst Presentation Q3 Financial Year 2021-22#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. 90 O GE T&D India Limited#3Executive Summary Q3 FY 21-22 Orders booking at 5.1 BINR vs 6.9 BINR in Q3 FY 20-21, down 27% yoy. 9M FY21-22 Orders booking at 16.2 BINR vs 16.8 BINR in 9M FY 21-22, down 4% yoy Q3 FY 21-22 Sales at 9.1 BINR vs 10.3 BINR in Q3 FY 20-21, down 12% yoy. 9M FY 21-22 Sales at 24.0 BINR vs 25.5 BINR in 9M FY 20-21, down 6% yoy Q3 FY 21-22 Loss After Tax at 1 MINR vs Profit After Tax of 559 MINR in Q3 FY 20-21. 9M FY 21-22 Loss After Tax at 271 MINR vs Profit After Tax of 442 MINR in 9M FY 20-21 Order back log of ₹ 38.1 Billion Net debt decrease by 1,724 MINR in Q3 FY 21-22 and 1,369 MINR in 9M FY 21-22 O GE T&D India Limited#4Creating the Grid of Future | Key Commissioning DVC Parulia, West Bengal- Commissioning of 220kV AIS Line Bays Avaada(Bikaner), Rajasthan- Commissioning of 150 MVA transformers & 400kV AIS bays Adani(BKTL) at Khetri, Rajasthan - Charging of 80 MVAR Reactors & 765kV AIS line bays HPCL, Vizag, AP - 220kV AIS Bay extension at APTRANSCO Kalpakka site JUSNL, Meral, Jharkhand - Commissioning of 50 MVA Transformer along with 132kV & 33kV AIS associated bays GE OGE T&D India Limited#5Digital Initiatives: Decarbonization and Digitalization 995 Go SOFTWARE TO MANAGE 40% RENEWABLE ENERGY CHALLENGE IN RAJASTHAN 12- TPDDL DELHI RAS & AFAS SUBSYSTEM NTAMC - World's First, Digitization of POWERGRID Transmission Network ANDAMAN JAMMU & KASHMIR >50% of India Power Flows on GE's Digital Technology, 100+ Control and Data Centre across India GE T&D is managing Power Grid Transmission Assets (NTAMC) and National Load Dispatch Centre of Sri Lanka and Bangladesh GE's WAMS Technology is working at National Level to prevent any future blackouts through URTDSM project. Technology to manage challenges of renewables in Power Transmission and Distribution implemented in Rajasthan and Andaman. Distribution technology under implementation at UP DISCOMS (KESCO ADMS, RTDAS), J&K (ADMS and RTDAS), Tata Power Orissa (North, Central, South) and Nepal. We are well placed to engage in government's ambitious 17000 Cr. worth RDSS scheme for Distribution Modernization (5Yr Outlay). ADVANCE DISTRIBUTION MANAGEMENT O GE T&D India Limited#6ORDER INTAKE Q3 & 9M' FY 2021-22 995 (in millions) 16,770 16,168 6,949 5,104 Q3 Q2 6,341 5,389 Q1 4,432 Key Orders booked during Q3, FY 21-22 400 kV substation including supply of 400 kV reactors at Koppal in Karnataka from Renew Power Retrofitting of 400 kV Bays with latest Circuit Breakers at Jhakri from Satluj Jal Vidyut Nigam 4,723 Restoration of 400 kV Gas Insulated Substation Bay at Parbati in Madhya Pradesh from National Hydro-Electric Power Corporation Limited 9M FY 2020-21 9M FY 2021-22 Multiple Export Orders of 1,043 MINR O GE T&D India Limited#7Financial Data Q3 & 9M FY 2021-22 (in millions) Q3 Q3 9M 9M Change Change 2021-22 2020-21 2021-22 2020-21 Sales 9,141 10,342 -11.6% 24,039 25,479 -5.7% EBITDA 292 575 505 1006 % of Sales 3.2% 5.6% -2.4 pts 2.1% 3.9% -1.8 pts Profit Before Tax 4 754 -345 623 % of Sales 0.0% 7.3% -7.3 pts -1.4% 2.4% -3.8 pts Profit After Tax -1 559 -271 442 % of Sales 0.0% 5.4% -5.4 pts -1.1% 1.7% -2.8 pts Net Debt* of *242M as on 31st Dec 21 vs ₹1,966 M as on 30th Sep 21 vs ₹1,611 M as on 31st Mar, 21 995 GE * Net of Cash & Bank Balance of 622 MINR (Vs 602 MINR as on March 31, 2021) © GE T&D India Limited#8Orders, Sales and Backlog Details Q3 Orders 9M Orders (in millions) 990 GE ■ Domestic 1043, 20% ■ Exports 4061, 80% Q3 Sales Domestic 2636, 29% Exports 6505, 71% ■ Domestic 5760, 36% Exports 10408, 64% 9M Sales ■ Domestic 6075, 25% Exports 17964, 75% ■ Private State Utilities ■Central Utilities & PSU Order in Hand 7071, 18% 7153, 19% 23906, 63%#9GEOD Sales Update 990 GE The Company's Board of Directors on 24th Jan 2022, approved to sell (subject to Shareholder's approval) its Global Engineering Operations Division (GEOD) to M/s GE India Industrial Private Limited, together with the assets, manpower and its corresponding liabilities, on a slump sale basis. • A lump sum consideration of Rs. 1,406 million subject to customary completion date adjustments in accordance with the provisions of the business transfer agreement. • • Business Transfer Agreement with GE India Industrial Private Limited executed on 31st January 2022 Remote e-voting period has commenced on Wednesday, February 2, 2022 at 9:00 a.m. (IST) and end on Thursday, March 3, 2022 at 5:00 p.m. (IST) when remote e-voting will be blocked, and voting shall not be allowed beyond said time. The results of postal ballot will be announced on or before 5:00 p.m. on Saturday, March 5, 2022 Expected date of completion of sale is March 31, 2022, subject to satisfaction of identified conditions precedents and approval of shareholders of the Company for the related party transaction. 9#10THANK 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 CF TWD Incks United