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SKF INDIA LIMITED INVESTORS CALL Q2FY27: JULY – SEPTEMBER 2026 5TH NOVEMBER 2026
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04 November 2026Slide 2 DISCLAIMER The purpose of this presentation is to share our Q2 FY2026-27 & H1 FY2026-27 results. We would like to remind you, some of the remarks may contain forward-looking statements, which are subject to risk, and uncertainties and actual results may defer materially. Such statements are based on management beliefs as well as assumptions made by and on the information currently available to the management. The audience is cautioned not to place undue reliance on these forward-looking statements and making any investment decision. The purpose of today's call is to purely educate and bring awareness about the company's fundamental business and the financial quarter under review. Please note that financial information for previous period (quarter / year) as reported in this presentation has been extracted (and may involve some assumptions) by the management from the combined financial information of SKF India Limited (prior to the demerger of industrial undertaking), which are prepared in accordance with requirement of Ind AS 105 “Discontinued operations” by using the financial information maintained by the SKF India Limited (“Demerged Company”). axryertevo Confidentiality: C2 - Internal
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AGENDA Macro Key Indicators Executive Summary Financial Highlights – Q2FY27 & H1FY27 Success Story New Brand Launch Q&A 3 NN EN A 2 2 2 Confidentiality: C2 - Internal axryertevo
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KEY INDICATORS UPDATE Date here. Go to Insert > Header & Footer to apply date on one or all slides 4
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GDP EXPECTED TO GROW BY 7 .35% AND INFLATION BY 4. 9% GDP Growth (YoY) 5.6% 3.7% 2.7% 1.7% 0.8% 3.1% 3.9% 4.9% Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 * Projection numbers Source : Ministry of Statistics CPI - Inflation Growth (YoY) 7.7% 7.4% 7.0% 6.9% 8.2% 8.0% 7.8% 7.4% Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27* axryertevo __— Confidentiality: C2 - Internal
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Source : Ministry of Statistics/SIAM IIP-Industrial Production Growth (YoY) 57.7 59.2 56.6 55 55.3 56.9 53.9 54.8 55 54.4 53.5 52.8 55.1 Manufacturing PMI Growth (YoY) 1.3 1.4 1.6 1.5 1.6 0.3 0.3 0.4 0.3 0.4 7.3 7.1 7.4 7.6 8.2 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 PV CV 2W+3W FAVORABLE MACROECONOMIC INDICATORS 4.3% 3.9% 4.1% 6.2% 7.8% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27* IIP - General Automotive Production (Mn Units) axryertevo HINA Confidentiality: C2 - Internal
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EXECUTIVE SUMMARY 7
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PBT 11.7% ▲ 181 bps YoY ▼ 252 bps QoQ STRONG GROWTH DESPITE GLOBAL HEADWINDS Sales 5.6 BINR ▲ 16% YoY ▲ 2% QoQ Q2FY27 H1FY27 NWC % of Sales 18.7% ▼2.9% YoY NWC % of Sales 18.8% ▼2.9% YoY ▼ 3.8% QoQ EBITDA 15.8% ▲87 bps Sales 11.2 BINR ▲ 19% YoY EBITDA 14.5% ▲ 155 bps YoY ▼ 255 bps QoQ PBT%* 13.0% ▲126 bps * Without exceptional items axryertevo C000]CIC CIC] Confidentiality: C2 - Internal
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FINANCIAL HIGHLIGHTS 9
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SALES % Growth, YoY 4,861 17 761 5,639 Q2FY26 Price / Mix Volume Q2FY27 +15.7 %+0.3 % 4,861 5,383 5,550 5,511 5,639 9.9% 16.7% 9.0% 14.3% 11.7% 13.0% 19.6% 11.7% 17.1% 14.5% 0. 0% 5.0% 10 .0% 15.0 % 20.0 % 25.0% 30.0 % 35.0% 40. 0% 45.0% - 1, 000 2,0 00 3,0 00 4,0 00 5,0 00 6,0 00 7 ,00 0 8,00 0 Net sales PBT % EBITDA% Q2FY27: Net sales by quarter, MINR *Sales figures do not include other operating income. +16% 5,511 -98 226 5,639 Q2FY26 Price / Mix Volume Q2FY26 +2% % Growth, QoQ -1.8 % +4.1 % 9,375 11,151 11.7% 13.0%14.9% 15.8% 0. 0% 5.0% 10 .0% 15.0 % 20.0 % 25.0% 30.0 % 35.0% 40. 0% 45.0% - 2,0 00 4,0 00 6,0 00 8,00 0 10,0 00 12,0 00 14, 000 16,0 00 18,0 00 H1FY26 H1FY27 Net sales PBT % EBIDTA% 9,375 31 1,745 11,151 H1FY26 Price / Mix Volume H1FY27 19% % Growth, YTDH1FY27: Net sales, MINR axryertevo HHIo° Ci A& ea & = | Confidentiality: C2 - Internal I
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Slide 11 SALES MIX 66% 67% 61% 19% 24% 20% 10% 9% 9% 5% 0% 10% Q2FY27 Q2FY26 Q1FY27 OE VA Exports SKF Industrial *Revenue figures do not include other operating income. 63% 67% 20% 25% 9% 8%7% 0% H1FY27 H1FY26 OE VA Exports SKF Industrial H1FY27Q2FY27 axryertevo Confidentiality: C2 - Internal
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491 964 534 838 698 9.9% 16.7% 9.0% 14.3% 11.7% Q2FY26* Q3FY26* Q4FY26* Q1FY27 Q2FY27 PBT * * Q2FY27: PBT in MINR & as % of revenue *Excludes exceptional items PROFITABILITY 643 1128 695 1004 865 13.0% 19.6% 11.7% 17.1% 14.5% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 EBITDA Q2 FY27: EBITDA in MINR & as % of revenue 1,431 1,869 14.9% 15.8% -30. 0% 10 .0% 50.0 % 90.0 % 0 300 600 900 1200 1500 1800 2100 2400 270 0 300 0 3300 3600 3 90 0 H1FY26 H1FY27 H1FY27: EBITDA Value & as % of Revenue 1,123 1,536 11.7% 13.0% -30. 0% 10 .0% 50.0 % 90.0 % 0 300 600 900 1200 1500 1800 2100 2400 270 0 300 0 3300 3600 3 90 0 H1FY26 H1FY27 H1FY27: PBT Value & as % of Revenue axryertevo a Ee BConfidentiality: C2 - Internal
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SUCCESS STORIES 13
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Customer: Leading Passenger Vehicle OEM Application: Hybrid Transmission (HT) DRIVELINE BUSINESS WIN Image for representative purpose only Benefits for Customer & SKF: Customer: SKF's Global expertise + local support, ensuring reliable performance, quality and competitive cost. SKF: Entry into the DHT bearing portfolio, including Carbon Brush and Hybrid DGBB. Secured 100% share in DGBB, TRB & Carbon Brush Rings and 50% in Ceramic ball DGBB. The Business Context: One of the leading passenger vehicle manufacturer plans to introduce Hybrid Transmission (HT) for upcoming models, requiring electrical protection for high-speed and high precision ball bearings. The critical requirement was local development partner for the complete bearing set, that included new technology offering – Ceramic bearing and Conductive brush. SKF addressed customer’s demanding electrical protection and high-speed requirements. Established SKF as a complete bearing solution partner. axryertevo COTIITOeTTOaty. SZ Teer rreat
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BRAND LAUNCH 15
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Benefits for Customer & SKF: Customer: SKF's Global expertise + local support, ensuring reliable performance, quality and competitive cost. SKF: Entry into the DHT bearing portfolio, including Carbon Brush and Hybrid DGBB. Secured 100% share in DGBB, TRB & Carbon Brush Rings and 50% in Ceramic ball DGBB. The Business Context: One of the leading passenger vehicle manufacturer plans to introduce Hybrid Transmission (HT) for upcoming models, requiring electrical protection for high-speed and high precision ball bearings. The critical requirement was local development partner for the complete bearing set, that included new technology offering – Ceramic bearing and Conductive brush. SKF addressed customer’s demanding electrical protection and high-speed requirements. Established SKF as a complete bearing solution partner. On November 3, 2026, the SKF Vertevo brand is officially launched across the organization and to our customers and stakeholders worldwide. The brand is the face of our company, it shows our personality – what we stand for, what we are passionate about and what our customers can expect from us. The SKF Vertevo brand is inspired by the world of racing, where the company has contributed to automotive innovation for decades. The identity is designed to keep a connection to the long SKF heritage and expertise, while signalling its ambition to help accelerate the future of mobility. SKF Vertevo accelerates into its next chapter with new brand and digital presence BRAND LAUNCH axryertevo Confidentiality: C2 - Internal
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THANK YOU 17 gifvertevo