Q2 FY24 Earnings Presentation

Business update MARKET TRENDS • Focus markets . • Cloud/Al demand remains strong in both CEC and Power/Industrial Next Gen Mobility growth continues Digital healthcare programs ramping Renewables business growth continues despite soft residential Regionalization trends continue FLEX EXECUTION Margins expanding • . • Q2 Core Flex adjusted Operating Margins expanded both sequentially and year-over-year Expect continued expansion in Q3 and through F24 Nextracker: Value creation from multiple transactions . Funding buybacks . Final step: Tax-Free Spin to shareholders flex

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