#1O ador INVESTOR PRESENTATION 9th June 2023 Creating The Best Welding Experience Creating The ador peace of mind TM *ador peace of mind#2Agenda • • • • Business Overview Performance Initiatives Status of Merger *ador Creating The Best Welding Experience 2#3Disclaimer • • This Investor Presentation by Ador Welding Ltd. ("Ador/ the Company") is solely for informational purposes. This presentation does not constitute an offer or invitation, directly or indirectly, to purchase or subscribe for any securities of Ador. The information contained herein has been prepared to assist prospective investors in making their own evaluation of the Company. It does not purport to be all-inclusive or to contain all of the information that a prospective or existing investor may desire. In all cases, interested parties may conduct research and analysis of the Company about the data set forth in this information on their own. Ador makes no representation or warranty as to the accuracy or completeness of this futuristic information and shall not have any liability for any representations (express or implied) regarding information contained herein, or for any omissions from, this information or any other written or oral communications transmitted to the recipient in the course of its evaluation of the Company. This Information may include certain statements containing estimates provided by the Company with respect to the projected future performance of the Company. These statements are “forward looking statement." All such statements, estimates & projections reflect various assumptions by management concerning possible anticipated results and are subject to risk & uncertainties, which may cause the Company's actual future results to differ from those expected by the Investors. No representations are made as to the accuracy of the estimates & / or projections. Prospective investors may conduct their own due diligence regarding the same and all other matters pertaining to investment in the Company. Creating The Best Welding Experience *ador 3#4Business Overview Q4 Sales Rs. 235.5 Cr. Highest sales in Q4 • Q-o-Q increase of 18% . Q4 PBT 12.4% Expansion of 465 bps from Q4-FY'22 Best ever quarterly performance FY'23 PBT 10.2% Expansion of 282 bps from FY'22 Strong demand Resilient Economic Growth *ador Creating the best welding experience 4#5Focus Areas Capacity Enhancement H HYPERTHERM A Hypertherm Associates Brand ♫ + Product Mix Digitization New Markets Creating the best welding experience *ador Experience Centre At *ador Pune *正 H Pema45 XP Professional-gra with internal air coetal cu portability and easy r Powermax 45 P Powermax 30 5#6Ador International 00 8 5 12 9 9 18 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY'22 FY'22 FY'22 FY'22 FY'23 FY'23 FY'23 FY'23 Al sales (Rs. Cr.) 22 22 Creating the best welding experience • • Exhibition participation Focus on Middle East, Americas & Africa *ador#7PBT & ROCE 4.1 3.6 5.6 2.1 7.4 10.2 11 10 15 18 7 25 FY'18 FY'19 FY'20 FY'21 FY'22 FY'23 FY'18 FY'19 FY'20 FY'21 FY'22 FY'23 PBT Margins (%) All numbers are w/o exceptional items Creating The Best Welding Experience ROCE (%) *ador 7#8Working Capital & Borrowings *ador 193 163 173 125 179 81 65 82 0.4 0.26 0.33 Mal lil. . hi.. 156 107 118 120 87 84 69 28 15 0.12 0.05 FY'18 FY'19 FY'20 FY'21 FY'22 FY'23 Working Capital (Rs. Cr.) - Bar Chart Working Capital (Days) - Line Chart FY 18 FY 19 FY 20 FY 21 FY 22 FY'23 FY 18 FY 19 FY 20 FY 21 FY 22 Borrowing (Rs. Cr.) Creating The Best Welding Experience Debt to Equity Ratio FY'23 8#9*ador Segment Performance - Consumables 106 128 142 169 13 11 18 19 19 121 148 158 24 187 30 13% 15% 15% 16% Hi w 18 16 11% 11% 10% 1% Q1 FY'22 Q2 FY'22 Q3 FY'22 Q4 FY'22 Q1 FY'23 Q2 FY'23 Q3 FY'23 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY'23 FY'22 FY'22 FY'22 FY'22 FY'23 FY'23 FY'23 FY'23 Segment Revenue Segment Results Linear (Segment Results) Revenue & Results (Rs. Cr.) Creating the best welding experience Results as % of Revenue 6#10Segment Performance - Equipment *ador 25 24 22 23 3.1 18 2.2 1.5 1.0 0.7 28 28 1.7 36 2.9 2.4 12% 12% 5% 6% 3% 6% 9% 8% Q1 FY'22 Q2 Q3 Q4 Q1 Q2 FY'22 FY'22 FY'22 FY'23 FY'23 Q3 FY'23 Q4 FY'23 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY'22 FY'22 FY'22 FY'22 FY'23 FY'23 FY'23 FY'23 Segment Revenue Segment Results ......... Linear (Segment Results) Revenue & Results (Rs. Cr.) Creating the best welding experience Results as % of Revenue 10#11Segment Performance - FPED 4 10 14 7 6 2.0 -0.7 -0.8 8 0.5 0.1 0.0 *ador 14% 13% 10% 13 12 5% 1% 0% 1.6 1.3 -13% -18% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY'22 FY'22 FY'22 FY'22 FY'23 FY'23 FY'23 FY'23 FY'22 Q2 FY'22 Q3 FY'22 Q4 FY'22 Q1 Q2 Q3 Q4 FY'23 FY'23 FY'23 FY'23 I Segment Revenue Revenue & Results (Rs. Cr.) Segment Results Linear (Segment Results) Results as % of Revenue Creating the best welding experience 11#12ESG Initiatives - Environment Stopped use of thermocol at Ador since December-22. Expanded Polyethylene (EPE foam) used for packaging even by vendors 29% reduction in plastic consumption at Chinchwad Plant Wooden packing replaced with Honeycomb material to save trees VCI paper introduced in place of cling wrap film for packing of spools Reduction of water usage approximately by *ador peace of mind • 50% at Silvassa Plant • 18% at Raipur Plant Gardens with Drip Irrigation Creating the best welding experience Jope *ador MIG WIRE no 9001/15014081/150 45001 Certified Company ador Par AUTOMIG-1 A- *ador peace of mind 120mm 15 A * SILVASSA 920 *ador 12#13*ador Status of Merger ADOR WELDING LTD. | ADOR FONTECH LTD. BETTER TOGETHER Updates on Amalgamation of ADFL with AWL: • Our application has been admitted by NCLT and directed US to convene meeting of the Shareholders: peace of mind ЭНЭ dw-Эло Wi риш до ope • For AWL on 10th August, 2023 • For ADFL on 11th August, 2023 Merger process is expected to be completed within FY'24 ador peace of mind Creating the best welding experience 13#14Q&A *ador Creating The Best Welding Experience 14#15Guidelines • Due to the time constraints, we would be limiting a maximum of 2 to 3 questions per participant. Please be quick & precise with your questions • Please avoid asking questions, already answered or covered in the presentation. • Anyone interested in asking questions are requested to put their name & organization in the chat box, stating their desire to ask questions and it will be answered in sequence of receiving names in the chat box • The end-time of meeting / call will be 5:00 pm, irrespective of no. of questions pending • This call will be recorded for compliance purpose *ador Creating The Best Welding Experience 15#16THANK YOU Creating The Best Welding Experience 16