Investor Presentaiton

Q3 FY2022 In Review - Italy Business Legacy orders are on verge of completion and will be fully executed by end of Q4 FY22 Rs. In Crores 133 Total Income 209 206 • C TITAGARH In January 2022, Italy has won a framework contract of Euro 280 mn comprising of 38 trainsets 167 165 • Legacy orders are on verge of completion and will be fully executed by end of Q4 FY22 • • Higher margin order book delivery has started and will pick up in Q1 FY23 which will contribute positively to the profitability At the end of Dec 21, Italy order book remained strong with Rs. 4,450 Cr . Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Italy business registered a revenue growth of 24% on y-o-y 7

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