Slides
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© 2025 ABB. All rights reserved. Q4 CY2025 RESUL TS Order growth accelerates, supported by broad-based sector demand ABB India Analyst Call | Q4 CY2025 | October – December 2025 B E N G A L U R U , I N D I A | F E B R U A R Y 1 9 , 2 0 2 6 | S A N J E E V S H A R M A , C M D & T K S R I D H A R , C F O
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— © 2022 ABB. All rights reserved. Important notices This presentation may include forward-looking information and statements including statements concerning the outlook for our businesses. These statements are based on current expectations, estimates and projections about the factors that may affect our future performance, including global economic conditions, and the economic conditions of the regions and industries that are major markets for ABB India Ltd. These expectations, estimates and projections are generally identifiable by statements containing words such as “expects,” “believes,” “estimates,” “targets,” “plans,” “outlook” or similar expressions. There are numerous risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking information and statements made in this presentation and which could affect our ability to achieve any or all of our stated targets. The important factors that could cause such differences include, among others: • business risks associated with the volatile global economic environment and political conditions • costs associated with compliance activities • market acceptance of new products and services • changes in governmental regulations and currency exchange rates, and • such other factors as may be discussed from time to time in ABB India Limited’s filings with the Securities and Exchange Board of India (SEBI), including its Annual Report. Although ABB India Ltd believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved.
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— © 2025 ABB. All rights reserved. Slide 3 5 Manufacturing locations Shop floors 25 28 Sales offices Partners750+ Exporting to 30+ countries ABB in India at a glance ABB Group ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). ABB in India ABB is present in India for over a century and manufacturing for more than 75 years. The manufacturing unit is a listed entity. It operates with the entire eco-system of ABB R&D, Engineering, and Services. Electrification Distribution Solutions Smart Power Smart Building Installation Products Service Motion High Power Drive Products IEC LV Motors Traction NEMA Motors Service Automation Energy Industries Process Industries Marine & Ports Measurement & Analytics Robotics & Discrete Automation Robotics Machine automation1 1 – Machine Automation division is not part of ABB India & is run separately out of ABB B&R —
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Business highlights
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— © 2026 ABB. All rights reserved. Slide 5 CY2025 highlights – A journey of consistent growth 4,912 6,468 8,404 9,380 10,471 2021 2022 2023 2024 2025 Backlog 7,666 10,028 12,319 13,07914,115 2021 2022 2023 2024 2025 Orders 6,934 8,568 10,447 12,188 13,203 2021 2022 2023 2024 2025 Revenue 603 1,024 1,659 2,513 2,230 0 500 1000 1500 20 00 2500 3000 2021 2022 2023 2024 2025 PBT 8.7 25.13 48.40 58.90 88.46 78.78 2021 2022 2023 2024 2025 EPSPBT (before exceptional) 1 . YoY comparable Highest-ever orders INR 14,115 crore, +8%1 Strong order backlog INR 10,471 crore, +12%1 Highest ever full-year revenue INR 13,203 crore, +8%1 PBT (before exceptional) INR 2,230 crore; margin at 16.9% EPS INR 78.78 ROCE 21% FCF INR 693 crore, +80%1 Final dividend INR 29.59 per shareProfit after tax INR 1,669 crore; margin at 12.6% 16.9
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— © 2026 ABB. All rights reserved. Slide 6 Q4 CY2025 Highlights Sustainability Financial performance +27%1 Base business growth +6%1 Revenue growth Profitability reflecting material costs, market dynamics, Labour Code related expenses Strong cash position INR 5,694 crore Innovation & Investments Expansion of local production capabilities with new line for energy-efficient drives and launch of next-gen machinery drive built for high performance, connectivity, and cybersecurity +6% QoQ -18% YoY Profit after tax 52%1 Order growth 1. YoY comparable 2. Figures are on cumulative basis ESG initiatives covering 51% 2 of suppliers 4th company in India to receive AWS Gold Certification for water stewardship with stakeholders for Nelamangala facility Received GRIHA award for sustainability excellence and National Stock Exchange’s ESG “Leader” rating Highest Q4 orders in last 5 years supported by base business and timing of large orders
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— © 2025 ABB. All rights reserved. Slide 7 Strong order momentum across most segments 1. YoY comparable. Orders (+52%)1 INR crores 3,147 3,435 2,695 3,036 4,096 -40% 0% 40% 80% 120% Q4/23 Q2/24 Q4/24 Q2/25 Q4/25 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 Orders YoY Growth % Revenues (+6%)1 2,757 2,831 3,365 3,175 3,557 -40% 0% 40% 80% 120% Q4/23 Q2/24 Q4/24 Q2/25 Q4/25 - 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 Revenue YoY Growth % Discrete Industrial robotics applications in automotive segment Process Demand from energy, metals, cement companies Transport Positive momentum for propulsion systems for railways Order backlog +12%1 at INR 10,471 crore Buildings & Infrastructure Encouraging growth for smart building solutions Data Centers Market uptake for smart power distribution and energy efficient technology Renewables Positive order momentum from renewables segment
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— © 2025 ABB. All rights reserved. Slide 8 Proven capabilities leading to significant wins Propulsion systems for Indian RailwaysLow voltage switchgear for data center major Rectifier solutions for reliable, stable, ultra-high DC power for a large infrastructure and manufacturing major Electric powertrain solution for a metals major Supply and local‐scope integration of a 34 MW Ethylene Cracker Compressor system for a large refinery project Robotics solutions for a newly formed automotive company of an established industrial company and an auto major
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— © 2022 ABB. All rights reserved. Continuous customer engagement Diverse segments, deeper coverage Motion Channel Management team facilitated training sessions in Faridabad ELSP at National Dialogue on Manufacturing at CII Conference PAPI led an exclusive Digital Transformation Workshop at Peenya Motion team hosted ABB Technology Day at Angul ELDS concluded a high-impact technical and hands-on training at Maneja facility Hyderabad ELDS cluster team hosted ABB Technology Day in Vijayawada ELSE hosted ABB Service Day 2025 in the North Zone CII Karnataka SupplyCon 2025: Shaping the Future of Supply Chains
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— © 2022 ABB. All rights reserved. ABB India well positioned to serve ~23 diverse market segments Helps customers outrun leaner and cleaner Emerging Industries Infrastructure and Transport Core Industries Renewables Electronics Data Centers Marine & Ports W & WW Rail & Metro Power Distribution Building & Infra Food & Beverages Pharma & Healthcare Plastic & Rubber O&G & Chemical Metals & Mining Automotive Textiles Pulp & Paper Cement Push for green energy, semiconductor ecosystem, AI and data protection Govt. CAPEX, and varied schemes for infra push PLI schemes, GST reforms, Govt. budgetary expenditure Mid-term outlook: Strong Moderate Modest
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— © 2022 ABB. All rights reserved. India – Europe Free Trade Agreement (FTA) Strategic implications for ABB India February 20, 2026 Slide 11 FTA concluded in January 2026 and expected to enter into force in late 2026 or early 2027 Impact on Imports Way Forward • Phased elimination of customs duties (currently up to ~44%) on key electrical products to near zero • Supply chain resilience • Greater access to high end EU control systems and instrumentation • Export opportunity for LV/MV and energy efficient products • Opportunity to scale engineering, configuration, and lifecycle services • Strong alignment with EU clean tech • Markets such as Chemicals, Textiles, F&B and Automobiles are expected to get benefited the most • However, increased competition in premium segments Potential to enhance margin resilience and bid competitiveness in India and Europe Impact on Exports • Identification of EU export ready product lines • Reconfigure India–EU supply chains for cost and resilience • Scale India as a global engineering and services hub
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— © 2025 ABB. All rights reserved. Slide 12 India Union Budget 2026-27: Relevant highlights for ABB Capex momentum with focus on manufacturing, digital infrastructure, long-term energy stability Emerging Industries Infrastructure and Transport Core Industries • Capex outlay at +11.5% YoY to INR 12.2 lakh crore • INR 5,000 crore per CER* over 5 years for Tier II & Tier III cities • Coastal Cargo Promotion Scheme to double the share of waterways to 12% by 2047 • Rail budget +10.3% YoY • 7 high-speed rail corridors and dedicated freight corridors • 20 new National Waterways over 5 years • Purvodaya: Development of Integrated East Coast Industrial Corridor • Dedicated rare earth corridors • Import duty exemption extended on equipment for manufacturing lithium-ion batteries • Higher PLI allocation for automobile sector of INR 5,940 crore • Biopharma SHAKTI: INR 10,000 crore outlay over 5 years for biologics and biosimilars production • Textile Expansion and Employment Scheme and a National Handloom and Handicraft Programme • Semiconductor Mission 2.0 to accelerate India’s semiconductor capability • Safe Harbour of 15% on cost for an Indian captive data centre service provider • Customs duty exemptions across key clean- energy and strategic sectors: nuclear, lithium-ion batteries, solar, battery storage systems, and critical mineral processing • Electronics Components Manufacturing Scheme with outlay of INR 40,000 crore *CER – City Economic Regions
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Target (2025): 87% Achieved: 87% 4 Water Positive Units (No.) — Sustainability in Practice Tracking our green goals for 2025 4 Zero waste to landfill units (No.) 87.0% Scope 1&2 GHG Emissions* 44.0% Water Recyclability (%) Target (2025): 4 Achieved: 4 Target (2025): 50% Achieved: 44% Target (2025): 4 Achieved (till Q2): 4 ABB India is the 4th company in India to receive AWS Gold Certification for water stewardship with stakeholders for Nelamangala facility *on cumulative basis with 2019 baseline
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— © 2025 ABB. All rights reserved. Slide 14 Performance with Purpose Focus on local development, education, diversity & inclusion, and healthcare for communities Education & Skilling Digitization of classrooms and teachers training program completed in 200 Govt. schools across Peenya and Nelamangala Pan-India job-linked skilling program: 1,400 youth trained in 2025 Science / STEM education for ~15,000 children from Govt. schools in Peenya and Nelamangala Trained 200 candidates on electrician job role at the ABB Smart Center for Electricians, Faridabad Diversity & Inclusion Support towards awareness, treatment, cancer care, and cervical cancer vaccination for girls in Govt. schools Remote monitoring digital dashboard for waste management facility in Kasol and Bharsaini, HP Successfully completed skilling and employability program for 200 individuals with special needs Water conservation through recharge of 100 borewells across 70 villages in 2025, in Nelamangala Communities & Environment All activities/initiatives mentioned are on cumulative basis for the full year 2025
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— © 2025 ABB. All rights reserved. Slide 15 Factors to watch out for in 2026 Resilient domestic market environment, despite geopolitical and trade uncertainties Economic Power • Fastest growing major economy • Strong domestic consumption • Global trade expansion through free trade agreements Green Energy and Sustainability • Carbon-neutral policies – energy efficiency • Circular economy Urbanization and Smart Infrastructure • Smart cities and infrastructure • Green buildings • Affordable housing • Premiumization • Tier II and III cities boom • Phygital retail • Industrial digitalization • Cloud computing and data centers • AI at scale • FX fluctuation • Volatile commodity prices • Cross-border strife Consumerism and Lifestyle Upgrade Automation and AI Global Uncertainty
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Financial highlights
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— © 2022 ABB. All rights reserved. Performance Summary Q4 CY2025 February 20, 2026 Slide 17 Values in INR Crores 2024 Q3 2025 Q4 2024 Performance Indicator Q4 2025 vs Q4 2024 vs Q3 2025 2025 vs 2024 11,497 3,059 2,654 Base Orders Received 3,379 +27% +10% 13,006 +13% 1,582 174 41 Large Orders Received 717 1,109 13,079 3,233 2,695 Total Orders Received 4,096 +52% +27% 14,115 +8% 9,380 9,895 9,380 Order Backlog (end of period) 10,471 +12% +6% 10,471 +12% 12,188 3,311 3,365 Revenue 3,557 +6% +7% 13,203 +8% 2,305 500 657 EBITDA 546 2,043 18.9 15.1 19.5 EBITDA % 15.4 15.5 2,513 542 705 Profit Before Tax (PBT) 578 -18% +7% 2,230 -11% 20.6 16.4 21.0 PBT % 16.2 16.9 1,875 409 532 Profit After Tax (PAT) 434 -18% +6% 1,669 -11% 15.4 12.4 15.8 PAT % 12.2 12.6 5,390 4,991 5,390 Cash balance 5,694 5,694 • Orders: Strong growth in base business with support from the timing of large orders • Revenues: Higher revenue across businesses including contribution from exports • Profitability: Impacted due to mix, material costs, Labor code related expenses, forex volatility and one-offs Partially offset by hedging and efficiency gains • Cash: Strong collection; inventory levels aligned to meet future delivery Key Insights
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© 2024 ABB. All rights reserved. Slide 18 Mid-teen margins amidst macro headwinds — INR Crores 417 657 546 15% 20% 15% 0% 5% 10% 15% 20% 25% 0 100 200 300 400 500 600 700 Q4/23 Q2/24 Q4/24 Q2/25 Q4/25 EBITDA EBITDA EBITDA% 454 705 578 16% 21% 16% 0% 5% 10% 15% 20% 25% - 100 200 300 400 500 600 700 800 Q4/23 Q2/24 Q4/24 Q2/25 Q4/25 PBT (before Exceptional) PBT (bef Exceptional) PBT% 345 532 434 13% 16% 12% 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 0 100 200 300 400 500 600 Q4/23 Q2/24 Q4/24 Q2/25 Q4/25 PAT PAT PAT% 16.3 25.1 20.5 Q4/23 Q2/24 Q4/24 Q2/25 Q4/25 EPS (INR)
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— © 2022 ABB. All rights reserved. Financial statement overview INR Crores Crs % Crs % Crs % Crs % Crs % INCOME ` ` ` Revenue from Operations 3,557.0 100.0 3,310.7 100.0 3,364.9 100.0 13,202.7 100.0 12,188.3 100.0 Other Income 76.3 2.2 84.0 2.5 86.7 2.6 352.4 2.7 353.4 2.9 Total Income 3,633.3 102.2 3,394.7 102.5 3,451.6 102.6 13,555.1 102.7 12,541.7 102.9 EXPENDITURE Material cost 2,188.7 61.5 2,062.3 62.3 1,983.1 58.9 8,054.4 61.0 7,090.3 58.2 Personnel Expenses 291.4 8.2 222.3 6.7 194.7 5.8 974.8 7.4 821.9 6.7 Other Expenses 592.6 16.7 519.8 15.7 490.9 14.6 2,154.2 16.3 1,943.0 15.9 Exchange & commodity variation (net) (61.9) (1.7) 6.0 0.2 38.8 1.2 (23.7) (0.2) 27.9 0.2 Depreciation 39.6 1.1 36.6 1.1 33.7 1.0 145.5 1.1 128.9 1.1 Interest 5.4 0.2 5.6 0.2 5.1 0.2 19.9 0.2 16.5 0.1 Total Expenditure 3,055.8 85.9 2,852.6 86.2 2,746.4 81.6 11,325.2 85.8 10,028.5 82.3 Profit before Tax 577.6 16.2 542.1 16.4 705.1 21.0 2,229.9 16.9 2,513.3 20.6 Tax Expense 143.3 4.0 133.2 4.0 173.2 5.2 560.5 4.3 638.7 5.3 Profit after tax 434.3 12.2 408.9 12.4 531.9 15.8 1,669.4 12.6 1,874.6 15.4 ETR % 24.8% 24.6% 24.6% 25.1% 25.4% Quarter ended 31.12.2025 Quarter ended 30.09.2025 Quarter ended 31.12.2024 Year ended 31.12.2025 Year ended 31.12.2024 Q4 2025 vs Q4 2024 Other income: 76 Cr (87 Cr) Includes interest on fixed deposits Material cost: 61.5% (58.9%) Higher commodity inflation and QCO related material impact Personnel expenses: 291 Cr (195 Cr) Annual salary and headcount revision and labor code cost of INR 65 crore Exchange and commodity: (62 Cr)(38.8 Cr) Rupee depreciation against CHF and EURO partly offset by commodity hedging and efficiency gains Other expenses: 593 Cr (491 Cr) Increase in revenue linked costs
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— © 2022 ABB. All rights reserved. Electrification Orders Received • Demand across divisions with strong momentum in Smart Power and Distribution Solutions • Large data center order received Revenues • Growth across all business divisions • Higher export revenues for Smart Power and Distribution Solutions PBIT • Up 180 bps sequentially • Continued compliance with QCO guidelines, material cost impact, forex volatility 1,024 1,759 1,369 1,284 1,465 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Orders Received (+43%) 1,503 1,358 1,379 1,378 1,598 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Revenues (+6%) 2,973 3,286 Q4/24 Q4/25 (+11%) Order Backlog INR crores 23.6 24.7 16.1 19.6 21.4 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 PBIT %
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— © 2022 ABB. All rights reserved. Orders Received • Demand for propulsion system from Indian Railways • Uptake for Drives and Large Motors Revenues • Higher revenue from execution across divisions PBIT • Forex impact and unfavourable material cost 1,074 1,255 1,099 1,288 1,339 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Orders Received (+25%) 1,119 1,096 1,088 1,175 1,202 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Revenues (+7%) 3,791 4,251 Q4/24 Q4/25 (+12%) Order Backlog Motion INR crores 20.9 21.9 16.4 15.5 16.5 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 PBIT %
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— © 2022 ABB. All rights reserved. Automation Orders Received • Demand from energy and process industries Revenues • Revenue growth in Energy Industries and Measurement Analytics offset by dip in revenue from Process Industries PBIT • Material cost impact and revenue mix 573 452 471 481 768 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Orders Received (+34%) 628 586 492 601 652 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Revenues (+4%) 2,397 2,255 Q4/24 Q4/25 (-6%) Order Backlog INR crores 19.4 16.4 17.2 17.5 14.7 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 PBIT %
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— © 2022 ABB. All rights reserved. Robotics and Discrete Automation Orders Received • Orders from Automotive segments Revenues • Revenue mix with tepid execution PBIT • Favorable revenue mix and operational efficiencies 149 326 119 203 570 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Orders Received (+283%) 140 150 236 181 135 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 Revenues (-4%) 277 762 Q4/24 Q4/25 (+175%) Order Backlog INR crores 10.4 13.2 6.5 8.0 13.9 Q4/24 Q1/25 Q2/25 Q3/25 Q4/25 PBIT %
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— © 2022 ABB. All rights reserved. 44% 44% 40% 43% 33% 34% 35% 34% 19% 18% 21% 18% 4% 4% 4% 5% Q4/24 Q4/25 2024 2025 RA PA MO EL Resilient and diversified business model (by revenues) 44% 37% 39% 38% 37% 43% 40% 43% 9% 10% 10% 9% 10% 10% 11% 10% Q4/24 Q4/25 2024 2025 OEMs EPCs Partners End Users 75% 79% 74% 79% 13% 8% 14% 8% 12% 13% 12% 13% Q4/24 Q4/25 2024 2025 Services Projects Products 89% 87% 89% 90% 11% 13% 11% 10% Q4/24 Q4/25 2024 2025 Export Domestic Channels Geography Offerings Business Areas
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February 20, 2026Slide 25