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ANALYST PRESENTATION GE VERNOVA T & D INDIA LTD . Q1 FY 2026-27 2026 GE Vernova and / or its affiliates . All rights reserved . EGE VERNOVA
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DISCLAIMER This presentation has been prepared solely for the use at analyst/ investor presentation . By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations - The forward - looking information and statements can generally be identified by the fact that they do not relate only to historical or current facts . Forward - looking statements sometimes use terminology such as “targets”, “believes”, “expects”, “aims”, “assumes”, “intends”, “plans”, “seeks”, “will”, “may”, “anticipates”, “would”, “could”, “continues”, “estimate”, “milestone” or other words of similar meaning and similar expressions or the negatives thereof . GE Vernova T&D India Limited cannot give assurance to the correctness of such information and statements . By their nature, forward - looking information and statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements that may be expressed or implied by the forward - looking information and statements in this presentation . Should one or more of these risks or uncertainties materialize, or should any underlying assumptions prove to be incorrect, the Company's actual financial condition or results of operations could differ materially from that or those described herein as anticipated, believed, estimated or expected Given the aforementioned uncertainties , prospective or present investors are cautioned not to place undue reliance on any of these forward - looking statements No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investments decision whatsoever . Investor/prospective advisors must be sought on specific situation from well - informed legal, investment, tax, financial, and management professionals This presentation and its contents are confidential and must not be distributed, published or reproduced . This presentation does not constitute a recommendation regarding the securities of the Company . 2 © 2026 GE Vernova and/or its affiliates. All rights reserved.
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3 EXECUTIVE SUMMARY © 2026 GE Vernova and/or its affiliates. All rights reserved. ( ₹ in billions) *Includes lending to LM Wind Power Blades (India) Private Limited as a part of Cash Pool arrangement DISCIPLINED EXECUTION DRIVING VALUE CREATION 209.3 BINR 18.4 BINR 4.9 BINR 214.6 209.3 Mar'26 Jun'26 - 2.5% ORDER BACKLOG REVENUE PROFIT BEFORE TAX 13.3 18.4 Q1'26 Q1'27 +38% 3.9 4.9 Q1'26 Q1'27 1.25x Cash generation of 4.3 BINR during the quarter leading to available c ash balance* of 29.3 BINR 11.4 BINR ORDERS 16.2 11.4 Q1'26 Q1'27 - 30%
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4 Key Execution Q1 FY 26 - 27 © 2025 GE Vernova and/or its affiliates. All rights reserved. 4 PGCIL - Bareilly Commissioned 110 MVAr 765 kV 1 ph Shunt Reactors Resonia - Beawar Commissioned 110 MVAr 765 kV 1 ph Shunt Reactors Grid System Intergration Power Transformers Switchgear – GIS & AIS Adani - Khavda Commissioned 400 kV bays for KPS - 3 and RTM Package at Khavda , Gujarat. Nepal Electricity Authority - Khimti Commissioned 220 kV and 400 kV GIS bays at Khimti Site in Nepal NUPPL - Ghatampur Commissioned 275 MVA 765 kV 1 ph Generator Transformers Resonia - Beawar Commissioned 125 MVAr 420 kV 1 ph Shunt Reactors R enew Power - B adla Commissioned 400kV Outdoor GIS Bays and GIB T ata Project - P owergrid Bikaner Commissioned 765kV CBs and CSD K orba Power , A dani - K orba Commissioned 400kV CBs. © 2026 GE Vernova and/or its affiliates. All rights reserved. Others Commissioned 765kV CBs and CSD for BHEL Powergrid, Sikar. Commissioned 220 kV line bay for DVC - Chandrapura Thermal Power Station in Jharkhand.
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16,199 11,370 Q1 FY 25-26 Q1 FY 26-27 5 • Multiple orders for supply of CTs and CVTs from GE Grid Renewable LLC for North America. • Supply of 400 kV GIS from GE Grid Solutions, S.A. for Spain. • Supply of 150 MVA 245 kV transformer from a leading semiconductor player. • Multiple orders for supply of Grid Automation packages from state utilities, EPCs and data centers. • Supply of 400 kV GIS from GE Grid Solutions, Middle East for Morocco. • Multiple orders for 765kV/400kV AIS equipment from multiple EPC players. • Multiple orders for export of AIS/GIS equipment to North America, Europe, Middle East and Africa. KEY ORDERS BOOKED DURING Q1 FY 26 - 27 (₹ in millions) © 2026 GE Vernova and/or its affiliates. All rights reserved. Order Intake Q1 FY 26 - 27 -30%
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6 (₹ in millions) © 2026 GE Vernova and/or its affiliates. All rights reserved. Financial Performance Q1 FY 26 - 27 Q1 FY 26 - 27 % % % Q4 FY 25 - 26 Q1 FY 25 - 26 Revenue 18,361 100.0 16,371 100.0 13,301 100.0 62,063 100.0 Less : Cost of Good Sold 10,770 58.7 8,681 53.0 6,860 51.6 33,969 54.7 Gross Profit 7,591 41.3 7,690 47.0 6,442 48.4 28,094 45.3 Less : Employee Cost 1,123 6.1 1,184 7.2 972 7.3 4,473 7.2 Less : Other Expenses 1,860 10.1 2,056 12.6 1,593 12.0 6,786 10.9 EBITDA 4,608 25.1 4,449 27.2 3,876 29.1 16,836 27.1 Less : Finance Cost 34 0.2 70 0.4 28 0.2 148 0.2 Less : Depreciation 121 0.7 121 0.7 111 0.8 464 0.7 Add : Other Income 418 2.3 372 2.3 163 1.2 908 1.5 Profit Before Tax & 4,871 26.5 4,630 28.3 3,900 29.3 17,133 27.6 Exceptional Items Exceptional Items* - - (57) (0.4) - - 636 1.0 Profit before Tax 4,871 26.5 4,687 28.6 3,900 29.3 16,497 26.6 % 12M FY 25 - 26 * I mpact on account of new labour codes
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160,484 , 77% 44,860 , 21% 3,951 , 2% Private Central Utilities & PSU State Utilities 7 Order Backlog : 209,295 © 2026 GE Vernova and/or its affiliates. All rights reserved. Order, Sales and Backlog details (₹ in millions) 6,165, 54% 5,205, 46% Domestic Exports 12,817, 70% 5,544, 30% Domestic Exports Q1’ 27 Sales : 18,361 Q1’27 Orders : 11,370
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THE ENERGY TO CHANGE THE WORLD © 2026 GE Vernova and/or its affiliates. All rights reserved. 8 Contact us: InvestorsRelations.GEVTDIL@gevernova.com https://www.gevernova.com/regions/asia/in/gevernova - td - india