COVID-19 Impact and Macroeconomic Factors

WAY FORWARD ✓ WELSPUN CORP PIPES AND PLATES A Strengthening Business Moat through: • · Automation & Digitisation Talent development Quality control Introduce niche product basket Converting adversity into opportunity: • Leaner cost structure Leveraging strength of Balance Sheet, Human Capital, Customer Relationships & Technical know-how Evaluating niche businesses available at deep discount Extracting maximum value from Assets: Pipe business - Maximizing Asset Utilisation. • Divestment of non-core businesses - Asset Light Approach Leaner Balance Sheet: • Sharp reduction in Gross Debt Focus on FCF: Optimizing capex and working capital . Efficient utilization of cash

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