Investor Presentation

High-Quality Balance Sheet and Cash Flow Management Strong Capital Structure Balance Sheet ($M) Cash Liquidity of $873M¹ Limited debt, Debt/Adj. EBITDA < 1x Approx. $150M term loan with no significant repayments until FY 2028 NWC Management, customers deposits and Adj. EBITDA driving strong Adj. free cash flow generation, YTD $251M As of Mar. 31, As of Sep. 29, 2023 2023 130 373 AR & Contract Assets 569 651 Inventories 138 196 Other Current Assets 35 118 Current Assets 872 1,339 Non-Current Assets 547 695 TOTAL ASSETS 1,420 2,034 AP and Accrued Expenses 271 471 Deferred Revenue 176 236 Other Current Liabilities 60 66 Current Liabilities 507 772 Long-Term Debt 147 146 Other Non-Current Liabilities 280 441 Non-Current Liabilities 427 586 Equity 485 675 TOTAL EQUITY & LIABILITIES 1,420 2,034 Notes: As of September 29, 2023, liquidity equals cash plus undrawn revolver of $500M. DEBT/EBITDA ratio calculated using LTM Adjusted EBITDA. See Appendix for definition of metrics and reconciliations of each non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP. Numbers in table may not total due to rounding.. nextracker. 1 Total liquidity defined as cash and cash equivalents and undrawn revolving credit facility of $500M as of 9/29/2023. ©2023 NEXTRACKER 26

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