Q1 FY23 INVESTOR UPDATE

Conductors: Q1 FY23 Highlights 128% YOY INR 91% YOY INR Revenue 1,548 Volume 64% YOY crore ↑ 35,877 M MT EBITDA per MT 23,670 INR 12,364 (Q1FY22) EBITDA post adj* 232% YOY INR 79 crore INR 24 crore (Q1FY22) Margin at 5.1%; 3.5% (Q1FY22) Revenue up 128% YoY on the back of higher volume and metal prices Exports up 120% YoY, contributing 42% to revenues versus 46% in Q1FY22 Premium products (HEC + Copper Conductor + OPGW + CTC) contribution up to 47% from 44% in Q1FY22 ⚫ HEC contributed 26% versus 15% in Q1FY22 EBITDA per MT at INR 21,933 at historic high levels on the back of improved mix of premium products. New order inflow of INR 2,017 crore, up 30% YoY ○ Robust order book at INR 3,647 crore with 54% share from premium products amounts in INR crore EBITDA 209% YOY INR 85 crore INR 27 crore (Q1FY22) Margin at 5.5%; 4% (Q1FY22) 103% YOY EBITDA* per INR MT 21,933 INR 10,809 (Q1FY22) *After adjusting open period forex, before unallocable expenditure (net of income) Q1 FY23 INVESTOR UPDATE APAR Tomorrow's solutions today. 6

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