Q1 FY23 INVESTOR UPDATE

Focus on Revenue Growth and Increased Efficiency Enhancing Operational Efficiency Continue to seek to improve efficiencies, streamline capacities and asset utilization and manage capital expenditure for each of the production facilities Implemented various initiatives to lower costs, such as purchasing raw materials in bulk to take advantage of promotions and economies of scale Ensure high quality, low costs and on-time delivery for customers in India Increased penetration in High Growth Markets ○ Capitalize on global manufacturing presence, strong product capabilities and existing relationships to capture these industry growth trends Become a globally preferred Conductor provider while sustaining leadership segmentally Boosting Customer Revenue for India Business Capitalize on current strong positioning to capture the overall expected growth in Indian markets ○ Increase revenue with existing customers by expanding the array of existing products supplied and by continuing to develop solutions aligned with customers' needs Continued introduction of products and solutions catering for emerging trends in Global markets Continue to Invest in R&D, Design, and Engineering ○ Committed to the drive for innovation and intend to continue expanding our R&D, engineering and software development capabilities in order to capture future growth trends ○ Seek to benefit from key trends in the automotive industry, including EVs, emission reduction and shared mobility ○ Expand capabilities in a cost-efficient manner, by focusing on low-cost geographies near major automotive markets APAR Tomorrow's solutions today 21 Q1 FY23 INVESTOR UPDATE

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