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Investor Presentation Q2 FY 2026-27 Rajratan Global Wire Limited
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2INVESTOR PRESENTATION | Q2 FY2026-27 Safe harbour The presentation has been prepared by Rajratan Global Wire Limited (“Rajratan” or the “Company”) solely for information purposes and does not constitute an offer to sell or recommendation or solicitation of an offer to subscribe for or purchase any securities and nothing contained herein shall form the basis of any contract or commitment whatsoever. By accessing this presentation, you are agreeing to be bound by the trading restrictions. The information contained in this presentation shouldbe considered in the context of the circumstances prevailing at the time and has not been, and will not be, updated to reflect material developments which may occur after the date of the presentation. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially. This presentation is based on the economic, regulatory, market and other conditions as in effect on the date hereof. It should be understood that subsequent developments may affect the information contained in this presentation, which neither the Company nor its affiliates, advisors or representatives are under an obligation to update, revise or affirm. Certain statements contained in this presentation may be statements of the Company’s beliefs, plans and expectations about the future and other forward-looking statements. The forward-looking statements are based on management’s current expectations or beliefs as well as a number of assumptions about the Company’s operations and factors beyond the Company’s control or third- party sources and involve known and unknown risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. Forward-looking statements contained in this presentation regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. There is no obligation to update or revise any forward-looking statements, whether as a result of new information, future eventsor otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of this presentation. The Company, as such, makes no representation or warranty, express or implied, as to and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. You acknowledge and agree that the Company and/or its affiliated companies and/or their respective employees and/or agents have no responsibility or liability (express or implied) whatsoever and howsoever arising (including, without limitation for any claim, proceedings, action, suits, losses, expenses, damages or costs) which may be brought against or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this presentation and neither the Company, its affiliated companies nor their respective employees or agents accepts any liability for any error, omission or misstatement, negligent or otherwise, in this presentation and any liability in respect of the presentation or any inaccuracy therein or omission therefrom which might otherwise arise is hereby expressly disclaimed.
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3INVESTOR PRESENTATION | Q2 FY2026-27 About our company Rajratan Global Wire Ltd., a leading and trusted bead wire manufacturer and supplier of high-quality products to prestigious customers worldwide. The Company has a capacity of 72,000 TPA (60,000 TPA for bead wire) in Pithampur, India and 60,000 TPA in Thailand. The Company set up a greenfield unit in Chennai with capacity of 60,000 TPA. • All three Rajratan manufacturing facilities are world-class. • The Company is the only bead wire manufacturer in Thailand. • The Company is working to increase market share in Thailand and India. 65 %, revenue share from India operations in Q2 FY27 35 %, revenue share from Thailand operations in Q2 FY27 2,350 Rs. crores, market capitalisation as on 30 September 2026
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4INVESTOR PRESENTATION | Q2 FY2026-27 Rajratan: 37 years of one hard thing done well High-carbon steel bead wire - the bead inside every tyre that holds it to the rim What we make Precision metallurgy of very narrow tolerances A safety-critical component, low cost percentage relative to a tyre, high cost of failure Copper/bronze surface chemistry tuned to bond with rubber compounds Sold to tyre majors across PV, CV, two-wheeler and off-the-road segments Three world-class plants — Pithampur, Chennai, Thailand — running with similar specification and technology A product that transfers the vehicle load from rim to road Decades of continuous improvement and R&D at the Rajratan Technical Centre What it takes "Since our 1989 pivot from steel trading into bead wire, we have chosen depth over breadth - one product, engineered better each year."
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5INVESTOR PRESENTATION | Q2 FY2026-27 Why we are hard to displace: The approval moat Global bead wire supply sits with a handful of qualified names worldwide The industry's structural reality A recognised name in that shortlist, alongside the global majors Where Rajratan sits inside it Every tyre plant runs multi-year qualification cycles before onboarding a new supplier Approved and integrated into leading tyre- maker supply chains across India, Thailand and export markets Switching a bead wire supplier means re- qualifying every tyre SKU — customers rarely do it The market leader in India by installed capacity and market share; the only bead wire manufacturer in Thailand Consistency across millions of metres matters more than the last rupee of price Independent credit reviewers cite our approval depth and elevated customer switching costs as core to the business's stability Capacity alone does not win business — trust built over years does ISO-certified quality systems across every plant, aligned to international OEM specifications "A bead wire order is not a purchase decision. It is a trust decision made once and honoured over a decade."
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6INVESTOR PRESENTATION | Q2 FY2026-27 The runway ahead: Four engines, one direction Engine 1 - Chennai comes of age Our greenfield Chennai facility, built to serve southern India's fast-growing tyre cluster, has moved from ramp-up into meaningful contribution. It is installed with clear headroom for the next phase as customer approvals convert into recurring orders. Engine 2 - Thailand deepens As the country's sole bead wire manufacturer, Rajratan is embedded in the plants of every global OEM producing tyres out of Thailand. New land in Ratchaburi has been secured to support the next chapter of that market position. Engine 3 - Beyond bead wire Our steel cord for conveyor belt project at Pithampur marks Rajratan's first product diversification — the same metallurgy discipline, applied to an adjacent industrial market with its own qualification barriers. Engine 4 - The export tailwind A weakening rupee, a global search for China+1 supply, and India's push to become a tyre export base all point the same way. Rajratan's three-plant footprint, spanning two countries, is built to serve exactly this shift. "We are not chasing every opportunity. We are compounding the one we chose in 1989."
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7INVESTOR PRESENTATION | Q2 FY2026-27 Executive Summary (Consolidated) Volumes Q2 FY27 Operational highlights (Q2FY27) 23344 15261 38605 20816 12071 32887 Sales Volume - India Sales Volume - Thailand Sales Volume - Total Sales Volume (in MT) Q2 FY27 Q2 FY26 37083 4579 2414 29417 4002 2055 Operating Revenue EBIDTA PAT Revenue & Profitability (Rs. in Lakhs) Q2 FY27 Q2 FY26
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8INVESTOR PRESENTATION | Q2 FY2026-27 What our Chairman has to say about our Q2 FY27 performance During Q2 FY27, your Company delivered a strong performance, with consolidated revenue rising 26% year-on-year to ₹37,083 lakhs. EBITDA increased 14% to ₹4,579 lakhs, while Profit After Tax grew 17% to ₹2,414 lakhs. These results reflect the progress of our volume-led growth strategy amid continued competitive and pricing pressures. We remain committed to regaining and consolidating market share across India, Thailand and international markets. While this strategy entails near-term pressure on margins, we believe that a stronger market position, higher capacity utilisation and improved operating efficiencies will create opportunities for sustainable profitability over time. Our international business continues to gain traction, with export volumes from India growing by approximately 38–40% year-on-year, supported by growing relationships with multinational customers in Europe and the Americas. We have also achieved a significant turnaround at our Chennai facility, which has moved from losses in the previous year to profitability. We are progressing towards expanding its capacity to 60,000 tonnes per annum by Q3 FY27, with full utilisation expected in the next financial year. In Thailand, our operations are running at full capacity, supported by strong demand. We are adding 50,000 tonnes of capacity over the coming year, strengthening our ability to serve regional and global markets while benefiting from economies of scale. We remain focused on disciplined expansion, operational excellence and long-term value creation for our shareholders. Sunil Chordia Chairman and Managing Director
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9INVESTOR PRESENTATION | Q2 FY2026-27 Key performance indicators Strong growth momentum: 1HFY27 volumes grew 17%, revenue 27% and profit 38% YoY . In Q2FY27, volumes grew 17%, revenue 26% and profit 17%, despite global challenges. Improving operating margins: Margins are trending positively, supported by operational efficiencies and better capacity utilisation, with further improvement expected as external pressures ease. Chennai expansion on track: Phase 1 capacity of 30,000 TPA is nearing full utilisation, with expansion to 60,000 TPA underway. Prudent capital management: Total debt-to- equity, including long- and short-term debt, stands at a healthy 0.6x. Positive operating cash flow: As of September 2026, operating cash flow turned positive at ₹25.7 crore standalone and ₹8.6 crore consolidated, compared with negative cash flow last year. Earnings outpacing revenue growth: Profit growth continues to exceed revenue growth, reflecting operational improvements and higher volumes driven by increased utilisation in Chennai and Thailand. Thailand Capacity Expansion: The company plans to add 50,000 TPA within one year to its existing capacity of 60,000 TPA to reach 1,10,000 TPA to cater the rising demand and support global customer approvals.
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10INVESTOR PRESENTATION | Q2 FY2026-27 Macro realities that influenced our performance, Q2 FY27 Middle East tensions disrupted global shipping routes. Unpredictable freight conditions at Indian and Thai ports. European import quotas and higher duties. Rising production costs due to fuel price hikes. Higher US import duties impacting exports rupee. Intensifying competition across markets
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11INVESTOR PRESENTATION | Q2 FY2026-27 How we responded to the macro realities in Q2 FY27 We improved availability of common sizes for long-standing customers. We introduced freight surcharges to offset volatile ocean freight costs. We offered duty-paid deliveries to European customers. We prioritised volume growth and market- share gains over short-term margins. We strengthened customer relationships and product availability.
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12INVESTOR PRESENTATION | Q2 FY2026-27 Strengthening our competitive position, Q2 FY27 Strengthened market leadership and gained share. Expanded presence among premium customers. Built share in price-sensitive segments through volume-led growth. Achieved highest-ever quarterly sales through stronger customer penetration. Turned around Chennai operations, contributing positively to profitability. Deepened engagement with multinational customers
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13INVESTOR PRESENTATION | Q2 FY2026-27 What our shareholders can expect for the rest of FY27 Consolidate market share across India, Thailand and global markets. Improve capacity utilisation and operational efficiency. Expand Chennai capacity and advance expansion at Thailand and Pithampur. Grow global customer relationships and premium-segment presence. Manage freight volatility and input costs through commercial measures. Invest strategically to strengthen competitiveness and long-term value.
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14INVESTOR PRESENTATION | Q2 FY2026-27 Sustainability at Rajratan Embedding sustainability across operations We adopt comprehensive sustainability practices across all operations, backed by ISO-certified environmental and safety management systems, to minimise environmental impact and ensure responsible resource use. Advancing towards net zero We track our greenhouse gas emissions across all scopes and are steadily reducing emission intensity, working towards a long-term roadmap of environmental stewardship aligned with global sustainability standards. Accelerating the energy transition Significant progress in green energy adoption, with solar power installations commissioned at our Thailand facility and at our Chennai plant, expected to meet a substantial portion of operational energy needs. Driving circularity Enhanced resource efficiency by recovering and recycling metal scrap generated during production, reusing wastewater through recycling systems, and transitioning to cleaner fuel sources across our operations. Creating shared value We actively engage with local communities through education, health, and skill development initiatives, aiming to create meaningful social impact and contribute to inclusive, sustainable growth.
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15INVESTOR PRESENTATION | Q2 FY2026-27 Our consolidated financials Rs. In Lakhs *Other Income excluded from EBITDA and EBITDA margin calculations to show core operating metrices Consolidated Q2 FY27 Q1 FY27 Q2 FY26 YoY (%) H1 FY27 H1 FY26 YoY (%) Sales Volume - India (in MT) 23344 19710 20816 12 43054 37777 14 Sales Volume - Thailand (in MT) 15261 13590 12071 26 28851 23744 22 Sales Volume - Total (in MT) 38605 33300 32887 17 71905 61521 17 Revenue 37083 31835 29417 26 68918 54068 27 EBITDA 4579 4171 4002 14 8750 7096 23 Other Income* 66 340 144 (54) 406 248 64 Depreciation 761 751 692 10 1512 1371 10 Interest 700 745 771 (9) 1445 1507 (4) Profit before tax 3184 3015 2683 19 6199 4466 39 Profit after tax 2414 2296 2055 17 4710 3407 38 Equity capital (Rs. 2 face value) 1015.42 1015.42 1015.42 0 1015.42 1015.42 0 Earnings per share (Rs.) 4.75 4.52 4.05 70bps 9.28 6.71 257bps EBITDA margin (%) 12.35% 13.10% 13.60% -125bps 12.70% 13.12% -42bps PBT margin (%) 8.59% 9.47% 9.12% -53bps 8.99% 8.26% -73bps PAT margin (%) 6.51% 7.21% 6.99% -48bps 6.83% 6.30% -53bps
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16INVESTOR PRESENTATION | Q2 FY2026-27 Our clients
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17INVESTOR PRESENTATION | Q2 FY2026-27 Thank you For more details please contact: Rajratan Global Wire Ltd Shubham Jain, Company Secretary investor.cell@rajratan.co.in www.rajratan.co.in KAPTIFY® Consulting Strategy & Investor Relations Consulting contact@kaptify.in Tel:+91-8452886099 www.kaptify.in