#1Marshall Investor Presentation MARCH 2023 MARSHALL MACHINES LIMITED www.marshallcnc.com Marshall O DOCODED O OO#2Inside this Presentation 01 02 03 ABOUT MARSHALL MACHINES BUSINESS REVIEW GROWTH DRIVERS & OUTLOOK SLIDE 03 SLIDE 16 SLIDE 21 04 05 06 CONCLUSION FINANCIAL PERFORMANCE UPCOMING NEWS SLIDE 25 SLIDE 27 SLIDE 34#301 About Marshall 04 EVOLUTION 05 MARSHALL AT A GLANCE 06 PRODUCT PHILOSOPHY 07 PRODUCT PORTFOLIO 09 PARTNERSHIP WITH IAMSME 10 R&D & IP DRIVEN 11 OPERATIONAL UNITS 13 ESTABLISHED CLIENTELE 14 STRONG NETWORK 15 MANAGEMENT TEAM Marshall о ☐ о D ㅁㅁ QHDD DD DO O#4Evolution HUMBLE BEGINNINGS 1961-2001 INNOVATION 2002 ONWARDS STARTED BUSINESS AS MANUFACTURER OF MANUAL LATHE MACHINES 1961 Late Shri Gautam Sarup founded the business 1986-89 2nd generation joins & drives the business 1994 Incorporated V. B. Spinning Mills (P) Limited to design & manufacture high-precision bench lathe & heavy-duty lathe 1997 Entered into 1st international tie-up with Path Wizard Inc. (USA) 2001 Setup state-of-art facility at Ludhiana and launched double-spindle CNC Lathe DESIGN & MANUFACTURING OF BREAKTHROUGH TURNING CENTERS 2002 Launched patented double spindle turning center 2009 Launched patented four spindle CNC Lathe 2014 3rd generation joins the business INTEGRATION WITH AUTOMATION 2012 Inaugurated the second state of the art facility for providing Turnkey Automated Solutions 2013 ■ Launched SmartCorrect Gauging Stations ■ Launched Roboturn DS 400 for the first time in India 2015 Started executing high profile automation projects INTEGRATION WITH INDUSTRY 4.0 2016 Introduced loTQ and launched world's 1st plug- and-play SmartCorrect Gauging Station 2017 Established loTQ & Tech Demonstration Center in Manesar In addition, launched Twinturn UBER CNC Machine 2018 ■ Introduced the concept of Super Optimized Machines 2019 ■ Fine tuned and launched loTQ - the first dedicated quality management system ■ SmartFac Universal launched for factory monitoring Opened technical center for export to USA market 2021 ■ Finished CAPEX cycle to augment manufacturing capacity to *250 crores 04 MARSHALL MACHINES LIMITED#5Marshall at a Glance WHEEL FLANGE LINE Incorporated in 1961, Marshall Machines is a renowned brand in the Indian machine tools industry. Marshall has been a manufacturer of high precision bench lathes, heavy-duty lathes and capstan lathes. Over the last two decades, Marshall's single-minded focus on R&D, Automation, Industry 4.0 technology has positioned it as a niche player in a commoditized market. At present, Marshall is a leading manufacturer of Smart Intelligent Internet Enabled Machine Tool Equipment (including Robotic Automation). 60+ Years Old Brand in Machine Tool Industry Strong Brand recall 4,000+ Cumulative Machines Deployed Superior Intellectual Property 13 Patents-held* 12 Patents-applied* 200+ Team Strength 30+ Automation & Innovation Team 1,500+ Active Clientele 120+ Executed Successful Automation Projects 35+ Machines in Portfolio 05 *includes Patents files & held by promoter group as well MARSHALL MACHINES LIMITED#6Product Philosophy ■ Super-focused product development philosophy differentiating us from the competition. Focused on deploying a complete solution offering, and not selling an array of machines with numerous makes & models. ■ A 'frugal innovation' and 'Indian Jugaad' mindset helps us solve real problems for Indian machine shops, an edge we have over foreign machine manufacturers. SUPER-OPTIMIZED MACHINES Super optimized machines that offer higher productivity & lower cost of operations compared to their peers. Cost per component produced is reduced, hence increasing ROI of the machine. Products CAF (CITIUS-ALTIUS-FORTIUS) UNO TWINTURN UBER RIGIDTURN RAPIDTURN BO TWINTURN A THREE-PRONGED PRODUCT DEVELOPMENT PHILOSOPHY INDUSTRY 4.0 MARSHALL TECHNOLOGY TRISHOOL AFFORDABLE AUTOMATION Automation split over more than one machine, generating higher ROI and shorter payback period. Products TWIN GRIP TWIN RELEASE ROBOTURN Cells & Lines 06 Focused on accessible, affordable & implementable Industry 4.0 technologies: 1. SmartFac (Productivity) 2. Smart Predict (Predictive Maintenance) 3. SmartCorrect (Quality) NO Products loTQ suit of smart machines SmartCorrect Gauging Station SmartCorrect Eco Low Cost Gauging Station SmartSens 3 in 1 Sensor for monitoring machine health MARSHALL MACHINES LIMITED#7Product Portfolio SUPER-OPTIMIZED MACHINES AFFORDABLE AUTOMATION INDUSTRY 4.0 Marshall Altius 3040 Marshall OTURNQ6 Smart Correct 35+ Machine Offerings Feder Marshall Power More Vidio Investors USA Mauhall THE WHAT SOLUTIONS TECHNOLOGY TRISHOOL YOUR WEAPON FOR COMPETITIVENESS PROFITS &PEACE OF MIND SUPER-OPTIMIZED MACHINES AFFORDABLE AUTOMATION NOUSTRY ALDREMAGINED Shivam BHARAT FORGE BOSCH Know More Watch Marshall's Product Portfolio Offer higher productivity & lower cost of operations compared to their peers. Only Indian machine manufacturer with a focused automated machines portfolio. Industry 4.0 technology addressing productivity, predictive maintenance, and quality. Watch Marshall's Corporate Profile 07 MARSHALL MACHINES LIMITED#8Product Portfolio Marshall Roboturn XL Cell for Motorcycle Wheel Turning 08 MARSHALL MACHINES LIMITED#9Partnership IAMSME of India - Gurukul initiative for skilling India 9 Marshall Marshallin FSANE AUTOMATION SmartCorrect JUDGMENTS ing & CFFSET CORRECTION S OpenC WHY zurukul &nowledge of Industry 4.0 11 090 Marshall SmartSens amorhall O Marshall SmartFAC PROBLEMS SOLUTION + RESULTS ◉ World bank funded initiative for skilling in India ■ Marshall among the 3 partners with IAMSME of India ■ Marshall will provide training on CNC programming and Industry 4.0 Lab will have on demo latest equipment desirable for best production practices Hundreds of people will be jointly trained through this initiatives MARSHALL MACHINES LIMITED#10R&D and IP Driven Company 010 3rd Generation of Innovators and Engineers at the helm Marshall distinguishes itself as an integrated machine tool solution provider Focused on catering emerging needs of Indian machine shops through Affordable Automation and Industry 4.0 offerings Completely integrated value chain to design & manufacture machines in-house Extensive Research & Development leading to higher IP generation Equally focused on IP generation & protection BENEFITS DERIVED FROM R&D Smart CNC Systems Cost-effective & productive machines Higher ROI & shorter payback periods of products Zero-defect manufacturing and unparalleled features Superior Intellectual Property 13* Patents Registered Globally 9* Patents Filed Globally in FY21 12* Patents Pending, many in late-stages of approval 3 Patents Granted in FY22 - "System and a Method to Enable Zero Defect Production" *includes Patents files & held by promoter group as well Integrated value chain Ideation Design Manufacturing Solution Offering Consultation Software & Updates Customized Machines AMC & After-Sales Service MARSHALL MACHINES LIMITED#11Operational Units 011 Marshall Machines operates two state- of-art manufacturing facilities in Ludhiana. The company has recently completed an expansion in Unit 1 and 2 which includes addition of: Zeiss measuring machines Large machining centers Grinding machines Turning and turn milling machines After the conclusion of CAPEX cycle (2018-21), the Company has a manufacturing capacity to do *250 crores in Sales, from erstwhile capacity of *75 crores in 2017. Going forward, the company plans to streamline production and strengthen supply-chain by outsourcing certain sub-assemblies and adding reliable suppliers in vicinity to the manufacturing unit. UNIT 1 LUDHIANA UNIT 2 LUDHIANA Setup in 2001 ☐ 4,181 Sq. Mt. Plot Area 5,295 Sq. Mt. Buildup Area Dedicated unit for assembly of traditional machines MANUFACTURING CAPACITY 600 traditional machines Setup in 2012 ■ 2,090 Sq. Mt. Plot Area 3,716 Sq. Mt. Buildup Area ■ Dedicated unit & team for Automation and Industry 4.0 machines MANUFACTURING CAPACITY ■ 100-125 Roboturn Automated Machines 150 Compact CNC Lathes 1,500 SmartCorrect Gauging Stations ☐ MARSHALL MACHINES LIMITED#12State-of-art Facilities World Class Manufacturing Facilities Temperature Controlled, Dust Proof Assembly Areas World's Best STUDER CNC Cylindrical Grinder World Class European Mother Machinery New 5 Axis CNC Universal Machining Center with Auto Indexing head with "A" & "B" Axis Machine Parts Designed and Validated Using Solid Works Equipped with Latest Carl Zeiss CMM Equipped to Perform Laser Calibration and Testing 12 Ma MARSHALL MACHINES LIMITED#13Established Clientele 1,500+ 400+ Active Clientele MATURE SECTORS AUTOMOTIVE 10/15 Year+ Relationships Alloy Wheels - 2W & 4W, Gear Blanks, Pistons, Crank Shafts AUTOMOBILE OIL & GAS GENERAL ENGINEERING EMERGING SECTORS AERO SPACE 13 ||||| IIIII CONSUMER DURABLES Fla ELECTRONICS MEDICAL EQUIPMENT'S BAJAJ ENDURANCE Complete Solutions DANA ECHWAY INDUSTRIES CONSUMER APPLIANCES AND DURABLES Motor Parts, Fans, Home Electronics GENERAL ENGINEERING Bearings, Consumables, Pumps ATAM VALVES ABB H BOSCH Honeywell Crompton HAVELLS GKN Driveline KALYANI GNA MM F (1) POLYCAB Connection Zindagi Ka RR KABEL 2 ROCKMAN SIEMENS USHA LCB L.G. Balakrishnan & Bros Limited (CRI) nbc flexible solutions. PHH tynor SAHUWALA GROUP MARSHALL MACHINES LIMITED#14Strong Network ------ 14 1 2 4 3 5 6 8 9 11 10 12 15 15 18 19 20 21 14 13 26 22 25 17 123 LUDHIANA 2. CHANDIGARH ROHTA 4. HARIDWAR 5. RUDRAPUR 6. DELHI 7. GURGAON 8. GHAZIABAD 9. MANESAR 10. AGRA 11. JAIPUR 12. KANPUR 13. BHOPAL 14. AHEMADABAD 15. INDORE 16. JAMSEDPUR 17. KOLKATA 18. NASIK 19. AURANGABAD 20. MUMBAI 21. PUNE 22. HYDRABAD 23. KOLHAPUR 24. BANGALORE 25. CHENNAI 26. COIMBATORE Pan-India network with presence across all key manufacturing hubs in India. A team of sales & service engineers catering to: ■ Lead & sales generation Machine deployment & after-sales services DESIGN AND MANUFACTURING RESOURCES CUSTOMER SUPPORT RESOURCES R&D Team 07 Sales Engineers 3 10001 IOT Engineers 03 Application Support 4 Manufacturing Resources 120 Service Support 10 Automation Support 4 MARSHALL MACHINES LIMITED#15Management Team 15 - GAURAV SARUP CO-FOUNDER & MD Degree in Production Engineering from Punjab University 33+ years of Work Experience in designing innovative machine tools PRASHANT SARUP CO-FOUNDER & JT. MD Degree in Production Engineering from Birla institute of technology 30+ years of Work Experience in designing and electronic integration SIDDHANT SARUP WHOLE TIME DIRECTOR B. Tech in industrial Engineering and holds a Master's Degree in Operations Management (MBA) from Thapar University, Patiala 9+ years of Work Experience ARCHANA SARUP WHOLE TIME DIRECTOR Master's Degree from Punjab University 12+ years of Work Experience Management Team includes several Qualified and Experienced People in the following Departments; Design, Production, Quality, Sales, Service, New Developments, Finance, etc. Board of Directors includes 3 Independent Directors MARSHALL MACHINES LIMITED#1602 Business Review 17 5 YEARS PERFORMANCE 18 REVENUE STREAMS 19 KEY STRENGTHS 20 BUSINESS CANVAS 0. о D Marshall 0000 O#17Annual Performance Highlights REVENUE (* IN CRORE) 17 EBITDA & EBITIDA MARGIN (* IN CRORE & %) 12.3% 21.6% 26.0% 23.3% 14.0% 11.4% 3.18% FY17 FY18 FY19 FY20 FY21 FY22 FY23 EBITDA FY17 FY18 FY19 FY20 FY21 FY22 FY23 EBITDA MARGIN DEBT & DEBT TO EQUITY (*IN CRORE & TIMES) 2.13% 1.14 1.33 0.87 0.83 0.66 0.78 FY17 FY18 FY19 FY20 FY21 FY22 FY23 ■TOTAL DEBT DEBT TO EQUITY (Note - Total debt includes loans from Promoters amounting to 9.45 cr to help the company. Out of this total 5.6cr has been infused in FY23. ) MARSHALL MACHINES LIMITED#18Revenue Stream INDUSTRY-WISE REVENUE 18 25% FY22 19% 1% Automobile 55% Consumer Appliances 20% 35% FY23 0% I General Engineering Others 45% Increase in general engineering revenue and decrease in dependence on automotive industry Entering new customer segments within the engineering industry which are looking like high growth areas. Reduction in share of other industries as primary focus was within the 3 main segments. Looking to venture into new space of electronics manufacturing industry and medical supplies. ■ Revenue through business of spares has increased and will be a good focus area for the coming year. Company will look to focus on service revenue through after sales support and IOT service models. MARSHALL MACHINES LIMITED#19Strengths & Weaknesses 19 STRENGTHS Unmatched value proposition to the industry Innovative, customized solution offerings 61-year-old brand, Marshall Early mover in Automated & Industry 4.0 offerings State-of-art infrastructure & dedicated team for Automation & Industry 4.0 One-stop solution provider for customers ■ Agile and adaptable organization Well-established team of implementors for the latest technology S WEAKNESSES ■Commoditized & price-competitive ■ Π industry for standard machines Long working capital cycle Scale of operations Lack of presence in some industrial belts W MARSHALL MACHINES LIMITED#20Business Canvas 20 KEY PARTNERSHIPS International Machine Tool Manufacturers Dealers in USA - TGH, Morris South Actively looking for business tie-ups & collaborations with European & Japanese machine tool manufacturers Looking to acquire technology to compete in government sector business. KEY ACTIVITIES R&D & designing machines Manufacturing superior machines IP - development & protection KEY RESOURCES Intellectual capital Established brand 'Marshall' State-of-art manufacturing units Human capital VALUE PROPOSITION Customized solution offerings to machine shops Unique value propositions include: a. Affordable Automation b. Industry 4.0 Technologies " CUSTOMER RELATIONSHIPS Strong, seasoned customer relationships Many 10/15 years+ relationships ~60% of repeat business from existing customers CHANNELS Directly dealing with all customers in India In USA through distributors (TGH and Morris south) Establishing dealers in India to expand customer outreach. CUSTOMER SEGMENTATION 2 key customer segments i.e. SME vs. Institutional (Corporates) Majority erstwhile customers from Auto industry, now adding clients in new emerging manufacturing opportunities COST STRUCTURE Fixed-cost based cost-structure Elevated depreciation & finance cost after recent CAPEX % REVENUE STREAMS At present primarily machines sales, with efforts to grow AMC & Service sales Automobile industry primary sales-contributor with good support from engineering segment. MARSHALL MACHINES LIMITED#2103 Growth Drivers & Outlook Marshall 22 STRATEGIC PRIORITIES 23 GROWTH DRIVER 24 DEVELOPING STRATEGIC GLOBAL ALLIANCES O с D D D D D 0#22Strategic Priorities 22 INCREASING SHARE OF AUTOMATION & INDUSTRY 4.0 Increasing the share of differentiated and unique Marshall offerings such as Affordable Automation and Industry 4.0 Become default choice of customers for Smart machines INCREASE SHARE OF EXPORT BUSINESS Export to USA market Export to Europe through strategic partnership with European Machine Tool Builders Export to fast growing Asian countries like Bangladesh. REVENUE DIVERSIFICATION Limiting exposure to any one under industry, to not more than 25%, to de-risk the business and counter cyclicality in business ADDING COMPETENCIES Adding competencies in new, emerging manufacturing sectors of India, namely Electronics, Aerospace, Medical Equipment Acquiring new technology to compete with imported machines. DEBT (%) REPAYMENT ☐ Using Cash Flow from Operations to bring down debt. Repay all high cost debt and reduce finance cost. REDUCING WORKING CAPITAL CYCLE Limiting working capital cycle to 150-180 days by FY23 MARSHALL MACHINES LIMITED#23Growth Drivers & Outlook 111 IMPORT SUBSTITUTION PRODUCT OFFERING Alloy Wheels production moving to India Electronics manufacturing moving to India INCREASING ADOPTION OF INDUSTRY 4.0 TECHNOLOGIES Companies looking to improve efficiencies will look to digitize their shopfloor FOCUS ON AUTOMATION Customers will look to reduce dependence on manpower going forward in order to de risk themselves. More and more people will move towards automation FOCUS ON DE-SKILLING OPERATION Customers who cannot afford automation may look to reduce their dependence by using smart technologies like gauging stations ADDING COMPETENCIES IN EMERGINGG MANUFACTURING Adding competencies in new, emerging manufacturing sectors of India like Electronics 23 MARSHALL MACHINES LIMITED#24Developing Strategic Global Alliances With European & Japanese Machine Builders 111 MARKET IMPORTED MACHINES IN INDIA AUTOMATED CELLS GOVERNMENT BUSINESS EXPANDING CLIENTELE MACHINE PARTS 24 Import advanced machines from European & Japanese partners and market them in India Machines manufactured by Marshall, including automated cells, to be exported in these developed markets using the strategic alliances Tap opportunities in the Government & Public sector enterprises through these alliances Partner machines built-in India (by Marshall) for sales in India Machine parts to be exported to Europe or Japan for the partner's machines built in their respective country MARSHALL MACHINES LIMITED#2504 Conclusion 26 INVESTMENT RATIONALE Marshall с O D OOOOOOD OI Ο Ο O O Ο Ο O#26Investment Rationale حمه ✓ ✓ CAPEX COMPLETED ☐ Completed a significant CAPEX between 2018-21, taking manufacturing capacity to *250 crores in Sales from erstwhile *75 crores in 2017. Potential to do 25% EBITDA Margins on the same. OPPORTUNITY SIZE ☐ Huge potential of Affordable Automation and Industry 4.0 offerings EMERGING OPPORTUNITIES IN MANUFACTURING Emerging opportunities in sectors such as Electronics, Aero Space and Medical Equipment FOCUSED ON DELEVERAGING The company is focusing on debt repayment through a) higher internal accruals and b) reducing working capital cycle SEASONED MANAGEMENT ■ 3rd generation of Innovators and Engineers at helm 26 MARSHALL MACHINES LIMITED#2705 Financial Performance 28 PROFIT AND LOSS SUMMARY 29 BALANCE SHEET SUMMARY 30 CASH FLOW STATEMENT SUMMARY Marshall O с D OOOOOOD OI Ο Ο O O Ο Ο O#28Profit & Loss Summary RIN CRORES) PARTICULARS FY17 FY18 FY19 FY20 FY21 FY22 FY23 50.19 59.35 65.22 59.74 67.14 60.33 34.49 Sales 33.97 38.05 38.89 30.12 46.32 37.91 30.25 Raw Material Cost 4.24 4.57 5.77 6.83 6.85 10.75 6.21 Employee Expenses 5.83 3.92 5.35 6.98 4.56 4.77 2.13 Other Expenses 44.04 46.54 50.01 43.93 66.67 64.16 46.19 Total Expenses 6.15 12.81 15.21 15.81 8.97 8.02 3.18 EBITDA 0.35 0.07 0.22 0.80 0.11 0.14 2.50 Other Income 3.11 3.22 3.71 4.39 3.81 4.46 4.41 Interest 1.60 2.20 3.73 8.10 5.12 6.27 5.87 Depreciation 0.69 2.45 2.22 1.15 0.22 -0.56 -2.29 Tax Profit After Tax EPS () 1.10 5.01 5.77 2.97 0.36 -3.14 -6.89 0.76 3.44 3.97 2.04 0.37 -2.16 -4.74 EBITDA Margin (%) 12.3% 21.6% 23.3% 26.5% 13.4% 13.3% 9.2% Profit After Tax Margin (%) 2.2% 8.4% 8.8% 5.0% 0.5% -5.2% -20.0% (Note EPS for all years has been calculated on the current Equity Capital based of 14.55 crores, to counter post-IPO change in Equity) 28 MARSHALL MACHINES LIMITED#29Balance Sheet Summary RIN CRORES) PARTICULARS FY17 FY18 FY19 FY20 FY21 FY22 FY23 Equity Capital Reserves & Surplus Shareholders Funds Long Term Borrowings 1.81 2.14 14.55 14.55 14.55 14.55 14.55 8.05 15.73 23.96 26.72 34.50 31.43 24.98 9.86 17.87 38.51 41.27 49.05 45.98 39.53 5.93 7.41 8.38 13.72 14.22 9.50 17.89 Deferred Tax Liabilities 0.15 1.82 3.43 3.00 5.66 5.13 2.99 Other Long Term Liabilities 2.31 1.90 Long Term Provisions 0.87 0.90 0.58 0.85 0.80 0.97 0.55 Non Current Liabilities 6.95 10.13 14.70 19.47 21.23 15.60 21.43 Short Term Borrowings Trade Payables 15.16 16.22 17.11 18.75 26.41 30.67 27.35 18.39 18.39 16.07 19.94 21.10 24.90 38.14 Other Current Liabilities 14.07 15.43 19.92 20.72 14.32 17.01 13.70 Short Term Provisions 0.60 1.60 1.44 0.96 0.18 0.13 0.04 Current Liabilities 48.22 51.64 54.54 60.37 62.73 73.76 80.32 Total Equity and Liabilities 65.03 79.64 107.75 121.11 133.01 135.34 141.28 Property, Plant & Equipment 16.00 22.79 46.39 52.91 61.83 57.35 53.42 Non Current Investment Long Term Loans & Advances 0.24 0.24 0.21 0.20 Non Current Assets 16.24 23.03 46.60 53.11 70.44 64.04 58.72 Inventories 36.73 38.30 39.91 45.79 48.03 50.41 50.36 Trade Receivables 8.23 11.42 12.35 14.04 11.68 18.00 28.39 Cash and Bank Balances 3.63 3.92 4.22 4.51 0.64 0.27 0.30 Short Term Loans & Advances Other Current Assets Current Assets Total Assets 0.20 2.97 4.67 3.66 1.57 2.14 3.01 48.79 56.61 61.15 68.00 62.33 71.30 82.49 65.03 79.64 107.75 121.11 132.78 135.34 141.28 29 MARSHALL MACHINES LIMITED#30Cash Flow Statement Summary RIN CRORES) PARTICULARS FY17 FY18 FY19 FY20 FY21 FY22 FY23 10.87 4.15 13.60 11.79 11.34 4.78 0.15 Cash from Operating Activities -5.09 -8.92 -27.25 -14.50 -10.36 -0.37 -0.82 Cash from Investing Activities -5.18 5.06 13.95 3.00 -1.76 -4.77 0.70 Cash from Financing Activities 0.60 0.29 0.30 0.29 -0.78 -0.37 0.03 Net Change in Cash & Cash Equivalents 3.03 3.63 3.92 4.22 1.42 0.64 0.27 Cash & Cash Equivalents - Opening Balance 3.63 3.92 4.22 4.51 0.64 0.27 0.30 Cash & Cash Equivalents - Closing Balance 30 MARSHALL MACHINES LIMITED#31Order Book and Bid Order Book and Bid RIN CRORES) ORDER BOOK 31 54 41 260 ORDER BID 210 31st March 2022 31st March 2023 31st March 2021 31st March 2022 MARSHALL MACHINES LIMITED#32Management Commentary GAURAV SARUP CO-FOUNDER & MD "We are pleased to present you our FY23 financial and operational performance. FY23 has been the most challenging year for Marshall. We have not only survived but come out of it stronger with a resolve to create value for our shareholders. We have undertaken a massive restructuring exercise to ensure the organization becomes leaner and fitter for future growth. We have substantially reduced our fixed overheads and are focusing more on niche markets where the company can realize a better profit margin. We are in process of raising funds which will be used to acquire very critical technologies which will help Marshall become the industry leader in India and help us to offer European technology at Indian prices. This technology along with the existing product portfolio of marshall will help the company achieve the set targets and help us to penetrate in new markets both segment wise and geography wise. We are expecting good growth for Marshall in this coming financial year and would like to thank our stakeholders for the support rendered so far. 32 MARSHALL MACHINES LIMITED#33Market Statistics Shareholding Pattern 33 48% IPO Date 28th August 2018 Issue Price 52% ■ Promoters Public NSE Symbol (NSE Emerge) IPO Subscription Shares Outstanding Face Value Promoter Pledge The Company is listed on NSE main board 42 MARSHALL 2.2X 1.46 Cr 10 NIL MARSHALL MACHINES LIMITED#3434 Fund Raise Plan Company plans to raise funds through equity route in this financial year • The funds will be used to acquire critical technology which will enable the company to : • Improve Gross Margin by 12% ● • Create more intellectual properly Launch a new line of Machines for private sector customers Be eligible for government tenders To use as working capital and make the working capital cycle highly efficient. MARSHALL MACHINES LIMITED#3535 Fund Raise Plan ● Company Plans to Raise (INR) - 45 Crores • Mode of Raising funds - Dilution of equity ● TimeLine Within the Financial Year 2023-24. - MARSHALL MACHINES LIMITED#36Get in Touch SIDDHANT SARUP Whole-Time Director [email protected] A Marshall www.marshallcnc.com SAFE HARBOR This document which has been prepared by Marshall Machines Limited (the "Company", "Marshall", "Marshall Machines"), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This document 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 Document. This Document 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 Document is expressly excluded. Certain matters discussed in this Document 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 of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company's ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Document. The Company assumes no obligation to update any forward-looking information contained in this Document. Any forward-looking statements and projections made by third parties included in this Document are not adopted by the Company and the Company is not responsible for such third-party statements and projections.