Q1 FY23 INVESTOR UPDATE

Cables: Q1 FY23 Highlights Revenue 60% YOY INR 638 crore EBITDA 98% YOY INR 52 crore INR 26 crore (Q1FY22) Margin at 8.1%; 6.5% (Q1FY22) 95% YOY EBITDA post adj* INR 49 crore INR 25 crore (Q1FY22) Margin at 7.6%; 6.2% (Q1FY22) Revenue up 60% YoY with strong growth across all sub-segments except OFC sales which were impacted by muted Telco's business Strategic focus on exports continues to deliver, contributing 43% to sales versus 19% in Q1FY22. ⚫ XLPE cables revenue up 60% YoY from significant increase in exports. Elastomeric cables revenue up 84% YoY from increased business in renewable energy installations, railways & defence. EBITDA, post forex adjustment at 7.6% versus 6.2% in Q1FY22. Margin up 140 bps YoY with improved order/product mix We expect continued volume growth through the rest of the year. amounts in INR crore *After adjusting open period forex, before unallocable expenditure (net of income) Q1 FY23 INVESTOR UPDATE APAR Tomorrow's solutions today. 9

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