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Q2 & H1 FY27 Investor Presentation
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2 Safe Harbor Statement This presentation by Aequs Limited (“Company”) may contain statements related to the future business prospects, financial performance, strategies, and have been prepared solely for information purposes and nothing in it shall be construed as an invitation, offer, solicitation, recommendation or advertisement in respect of the purchase or sale of any securities of the Company. These statements, which may include projections of future financial performance, business prospects, strategies, objectives, and plans, are based on the current expectations, beliefs, and assumptions of the management of Company regarding the industry, market conditions, and other factors affecting the Company. Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors some of which are beyond the Company’s control that could cause actual results, performance, or achievements to differ materially from those expressed or implied in such statements. These risks and uncertainties include, but are not limited to, changes in industry dynamics, economic conditions, regulatory requirements, competition, the Company’s ability to execute its strategy, technological changes, cyber-attacks or security breaches, pandemics, natural disasters, litigations, labor strikes, and other factors. These statements should not be considered as guarantees of future performance and should not be regarded as a representation or assurance by the Company regarding future results or achievements. Actual outcomes may vary significantly from those expressed or implied in these statements, and investors are cautioned not to place undue reliance on such forward-looking statements. In addition to Financial information presented in accordance with Ind AS, we believe certain Non-GAAP measures are useful in evaluating our operating performance. We use these Non-GAAP financial information to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that Non-GAAP financial information, when taken collectively with financial measures prepared in accordance with Ind AS, provides an additional tool for investors to use in assessment of our ongoing operating results and trends because it provides consistency and comparability with past financial performance. These forward-looking statements represent only the Company’s current intentions, beliefs or expectations, and any forward-looking statement speaks only as of the date on which it was made. Company assumes no obligation to revise or update any forward-looking statements. This presentation and its contents are confidential and proprietary to the Company and/or its affiliates and no part of it or its subject matter be used, reproduced, copied, distributed, shared, or disseminated, directly or indirectly, to any other person or published in whole or in part for any purpose, in any manner whatsoever.
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Table of Contents About Us Why Aequs Q2 & H1 FY27 Highlights2 3 4 3 Aequs – A Snapshot1
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4 3,589 Workforce(3) 6 Detailed Parts Award (D2P) from Airbus (2016-2023) 15 years Avg. Relationship with top 3 customers 447/182 CNC machines(2) /molding machines 4.93 Mn Annual installed capacity (Q2 FY27)(1) (machining/molding hours) 100% In-country value addition for select products 2.22 Mn sq. ft. area across manufacturing plants 5,978 One of the largest portfolios of Aerospace products 2 Business segments (Aerospace & Consumer) Aequs Limited – A snapshot We are the only engineering-led, vertically integrated precision manufacturer within a single SEZ Business Operations Robust Financials Manufacturing Capabilities What sets us apart? 1. Annualised figure based on Q2 FY27, includes subsidiaries and JVs 2. CNC machines: 229 for Aerospace and 218 Consumer (Q2 FY27) 3. Includes full-time employees, fixed term employees, apprentices and trainees as of Q2 FY27, includes subsidiaries and JVs 6% EBITDA Margin (H1 FY27) ₹460 Mn EBITDA (H1 FY27) ₹8,046 Mn Revenue (H1 FY27) 6% EBITDA Margin (Q2 FY27) ₹245 Mn EBITDA (Q2 FY27) ₹4,091 Mn Revenue (Q2 FY27)
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Q2 & H1 FY27 Financial Highlights 02 5
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6 Performance Highlights Aravind Melligeri Executive Chairman and CEO H1 FY27 Highlights Revenue 8,046 50% YoY EBITDA EBITDA Margin 460 6% -45% YoY PAT PAT Margin -1,054 -13% >100% YoY Shows the EBITDA and PAT margin figures Revenue 8,781 48% YoY EBITDA EBITDA Margin 638 7% -34% YoY H1 FY27 Adjusted including JV share(1) (₹ Mn.) (₹ Mn) 1. Revenue & EBITDA includes 100% share of Aequs, 50% of JV share (API, SQuAD & ACPL), 33% of Ajna. H1 FY27 Segment Update (₹ Mn.) >100% YoY Aerospace Revenue Consumer Revenue 6,736 1,310 42% YoYRevenue The first half of FY27 marked continued progress in expanding our business and strengthening our long-term growth opportunities. Revenue grew 50% YoY to ₹8,046 Mn, driven by 42% growth in Aerospace and more than doubling of Consumer revenue on a YoY basis. Our Aerospace order book stood at USD 1,096 Mn, providing long-term revenue visibility. The Safran A320 aircraft wheels agreement marks our first serial-production contract with a tenure exceeding 15 years. Together, these milestones give substance to the long-term business we are building. Aerospace continued to deliver strong growth and profitability, supported by healthy demand and program execution. In Consumer, the Q2 volume ramp progressed slower than anticipated due to extended qualification timelines and supply chain constraints. We view this as a timing-related shift rather than a change in the underlying opportunity, with customer programs continuing to progress. Given these factors, we are recalibrating the path to Consumer EBITDA breakeven, with our near-term focus on improving utilisation and translating installed capacity into profitable growth. To support our next phase of growth, we continue to invest in our manufacturing capabilities. H1 FY27 capital expenditure stood at ₹1,597 Mn, and the ₹6,500 Mn promoter warrant is intended to support the next phase of expansion, including Hosur. Following quarter-end, new Safran agreements expanded our relationships to six entities. As these capabilities and partnerships grow, our focus remains on disciplined execution and stronger returns.
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7 Business Highlights Aerospace Order Book Q2 FY27 Aerospace Parts Added in Q2 FY27 USD 1,096 Mn 238 Aerospace Capacity Utilisation (India – 76%) Q2 FY27 Consumer Capacity Utilisation Q2 FY27 69% 17% 800 bps YoY 900 bps YoY Key updates 9% QoQ 4% QoQ Leadership strengthened with new CFO appointment: Reenah Joseph joins as CFO, bringing nearly two decades of experience across corporate finance, capital markets, M&A and investor relations. Strengthening the capital foundation for long-term growth: ₹6,500 Mn promoter-group investment through preferential warrants reinforces promoter commitment and supports the Company's next phase of capacity expansion, strategic JV investments and working capital requirements. Aerospace order book reaches USD 1.1 billion : Order book grew 9% QoQ. The Safran A320 wheels agreement marks Aequs’ first serial- production contract exceeding 15 years. Strengthening Long-Term Partnership with Safran: Signed new long- term supply agreements, expanding Aequs' relationships to six Safran entities and broadening its manufacturing scope across critical aerospace components, leveraging Belagavi and upcoming Hosur manufacturing ecosystems. Note: Capacity utilisation includes subsidiaries and JVs
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8 From Belagavi to Hosur – Replicating the Ecosystem Proven aerostructures ecosystem at Belagavi is the blueprint for a new aero-engine & landing gear ecosystem at Hosur BELAGAVI AEROSPACE CLUSTER OPERATIONAL Focus: Aerostructures & Actuations 2.12 Mn annual machining hours* 229 CNC machines (Q2 FY27) 5,000 km → <500 m component travel optimisation CAPABILITIES IN THE ECOSYSTEM Engineering Services TP Raw Material & Warehouse TP Tooling Forging & Heat Treatment JV Precision Machining Surface Treatment JV Aero Assemblies FG Stores & Customs Co-located Partners TP JV Forging – SQuAD (Aubert & Duval); Surface Treatment – Magellan Aerospace HOSUR AEROSPACE CLUSTER UNDER DEVELOPMENT Focus: Aero-engine & landing gear 250 acres SEZ/DTA – SIPCOT, Hosur, TN MoU with Govt. of TN (Feb 2026) Safran landing gear contract won CAPABILITIES IN THE ECOSYSTEM Engineering Support Ingot-to-Billet & Cutting NEW Open & Closed Die Forging NEW Ring Rolling NEW Heat Treatment NEW Surface Treatment & NDT NEW Testing & Lab NEW Machining Warehousing & Customs NEW vs Belagavi · capabilities to be added by Aequs and/or JV partners Replicate & extend HOSUR INDICATIVE ROADMAP Q4 FY26 Q1 FY27 Q2 FY27 Q3 FY27 Q4 FY27 Q1 FY28 Q2 FY28 Q3 FY28 Q4 FY28 FY29 Announcement MoU with Govt. of Tamil Nadu Commercial production Start of operations End objective: a second vertically integrated aerospace ecosystem – ingot to Aero engine & landing gear components in a single SEZ, built by Aequs and JV partners *Annualised figure based on Q2 FY27 TP – Third Party Investment Phase 1 Starting from Q4 FY27 Ground-breaking · Safran Landing gear contract won Current quarter
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9 Consumer: ramp delayed, underlying opportunity intact WHAT HAPPENED IN Q2 • Volume ramp slower than anticipated • Driven by qualification timelines and supply chain constraints • A timing shift, not a change in the underlying opportunity Strong customer alignment and engagement in both businesses Way forward Recalibrating the path to Consumer EBITDA breakeven & Capex deployment Earlier guidance: Q4 FY27 NEAR-TERM FOCUS 1. Improve utilisation 2. Convert installed capacity into profitable growth Advanced Technology Products Facility started less than a year ago Learning curve Product cycle time Extended customer qualification Supply chain constraints Toys Key customer transitioned Customer Change New key customer Adapting to new specs & processes Raw material shortages on select products Start-up and customer-transition factors slowed the Q2 FY27 ramp; we are recalibrating the path to Consumer EBITDA breakeven
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10 Revenue Result Snapshot (Q2 FY27) (₹ Mn.) EBITDA & EBITDA Margins 5% 6% 443 215 245 Q2 FY26 Q1 FY27 Q2 FY27 2,816 3,955 4,091 Q2 FY26 Q1 FY27 Q2 FY27 16%45% YoY 45% YoY 3% QoQ Revenue 14% QoQ PAT & PAT Margins -206 -522 -13% -12%-7% Q2 FY26 Q2 FY27Q1 FY27 -532 >100% YoY 2% QoQ INCLUDING JV SHARE 3,111 4,301 4,480 Up 45% YoY and 3% QoQ on sustained Aerospace growth. Including JV share, ₹4,480 Mn (+44% YoY, +4% QoQ). JV Revenue grew 32% YoY. INCLUDING JV SHARE 513 17% margin 307 7% margin 331 7% margin Up 14% QoQ to ₹245 Mn, margin 6% vs 5% in Q1 FY27. JV EBITDA grew 20% YoY, continued to support overall growth. Broadly stable QoQ at ₹(522) Mn as EBITDA growth offset higher depreciation and finance costs. Same on both bases. Note : EBITDA and EBITDA margin includes Other Income; Revenue & EBITDA including JV - 100% share of Aequs, 50% of JV share (API, SQuAD & ACPL), 33% of Ajna. ↑ 44% YoY ↓ 35% YoY PAT and PAT margin include share of profit/(loss) from JVs.
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11 Result Snapshot (H1 FY27) 841 460 H1 FY26 H1 FY27 Revenue 5,372 8,046 H1 FY26 H1 FY27 EBITDA & EBITDA Margins (₹ Mn.) 16% 6% 45% 50% -167 -1,054 PAT & PAT Margins -3% -13% H1 FY26 H1 FY27 >100% INCLUDING JV SHARE 5,928 8,781 Up 50% YoY to ₹8,046 Mn on Aerospace momentum and a larger Consumer base. Including JV share, ₹8,781 Mn (+48% YoY). JV revenue grew 32% YoY. INCLUDING JV SHARE 963 16% margin 638 7% margin Down 45% YoY to ₹460 Mn, margin 6% vs 16%, mainly from Consumer Electronics costs now being expensed, compared with the pre-operative phase in H1 FY26. JV EBITDA grew 47% YoY, continued to support overall growth. Net loss of ₹(1,054) Mn reflecting consumer electronics operating costs now being expensed following commencement of commercial operations, compared with pre-operative phase in H1 FY26. Note: EBITDA and EBITDA margin includes Other Income; Revenue & EBITDA including JV - 100% share of Aequs, 50% of JV share (API, SQuAD & ACPL), 33% of Ajna. ↓ 34% YoY↑ 48% YoY PAT and PAT margin include share of profit/(loss) from JVs.
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12 Revenue Profile Business Segments Revenue (%) Exports Profile (%) H1 FY27 H1 FY26 16% 84% 12% 88% H1 FY27 H1 FY26 13% 87% 11% 89% Exports Domestic Q2 FY27 Q2 FY26 Aerospace Consumer 14% 86% 13% 87%
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13 Segment Update: (Q2 FY27) EBITDA Revenue EBITDA Revenue 2,437 3,222 3,514 Q2 FY26 Q1 FY27 Q2 FY27 QoQ 9% YoY 44% (₹ Mn) Aerospace Consumer 630 731 783 Q2 FY26 Q1 FY27 Q2 FY27 QoQ 7% YoY 24% 379 734 577 Q2 FY26 Q1 FY27 Q2 FY27 QoQ 21% YoY 52% -77 -361 -401 -500 -400 -300 -200 -100 0 Q2 FY26 Q1 FY27 Q2 FY27 QoQ 11% YoY >100% Note: EBITDA includes Other Income and excludes unallocated cost prior to inter-segment eliminations.
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14 Segment Update: (H1 FY27) (₹ Mn) EBITDA Revenue EBITDA Revenue 1,170 1,514 H1 FY26 H1 FY27 YoY 29% 4,740 6,736 H1 FY26 H1 FY27 YoY 42% 632 1,310 H1 FY26 H1 FY27 YoY >100% Aerospace Consumer -151 -763 YoY >100% H1 FY26 H1 FY27 Note: EBITDA includes Other Income and excludes unallocated cost prior to inter-segment eliminations.
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15 Consolidated P/L Statement (₹ Mn) Particulars Q2 FY27 Q2 FY26 YoY Change Q1 FY27 H1 FY27 H1 FY26 YoY Change Revenue from operations 4,091 2,816 45% 3,955 8,046 5,372 50% Other income 106 157 67 173 284 Total income 4,197 2,973 41% 4,023 8,220 5,655 45% Consumption 1,621 1,110 1,685 3,306 2,175 Employee benefit expense 758 493 690 1,448 928 Other expenses 1,573 928 1,433 3,006 1,712 Total cost 3,952 2,531 3,808 7,760 4,814 EBITDA 245 443 (45%) 215 460 841 (45%) EBITDA Margin (%) 6% 16% (>100 bps) 5% 6% 16% (>100 bps) Depreciation and amortisation 465 326 453 919 572 Finance costs 206 257 189 394 358 Profit/(Loss) before share of JVs & tax (427) (140) (427) (854) (88) Share of net profit of associates & JVs 18 21 29 47 34 Profit/(Loss) before tax (409) (120) (>100%) (398) (807) (54) (>100%) Profit/(Loss) before tax Margin (%) (10%) (4%) (10%) (10%) (1%) Total tax expense 113 86 134 248 113 Profit/(Loss) after tax (522) (206) (>100%) (532) (1,054) (167) (>100%) Profit/(Loss) after tax Margin (%) (12%) (7%) (>100 bps) (13%) (13%) (3%) (>100 bps) Q2 and H1 FY27 figures are not directly comparable with the corresponding periods of FY26, as consumer electronics costs are now being expensed following the commencement of commercial operations, compared with the pre-operative phase in FY26. Note :
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16 Consolidated Balance Sheet (₹ Mn) Particulars As at 30th Sep 2026 As at 31st Mar 2026 EQUITY AND LIABILITIES EQUITY Equity share capital 6,707 6,707 Reserves and surplus 7,215 8,149 Total equity 13,921 14,855 LIABILITIES Non-current liabilities Borrowings 2,809 1,002 Lease liabilities 2,032 2,447 Other non-current liabilities 407 374 Total non-current liabilities 5,248 3,823 Current liabilities Borrowings 2,803 3,034 Lease liabilities 720 526 Trade payables 3,826 3,223 Other current liabilities 1,220 1,443 Total current liabilities 8,570 8,227 Total liabilities 13,818 12,049 Total equity and liabilities 27,739 26,905 Particulars As at 30th Sep 2026 As at 31st Mar 2026 ASSETS Non-current assets Property, plant and equipment 9,442 8,755 Right-of-use assets 2,414 2,733 Investments 1,174 1,055 Other non-current assets 1,747 1,331 Total non-current assets 14,777 13,874 Current assets Inventories 6,832 5,674 Trade receivables 2,987 2,646 Cash and cash equivalents 1,710 3,015 Bank balances other than above 289 552 Other current assets 1,145 1,143 Total current assets 12,963 13,030 Total assets 27,739 26,905
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17 Cash Flow Statement (₹ Mn) Particulars H1 FY27 H1 FY26 Profit/(loss) before tax (807) (54) Depreciation 919 572 Finance cost 381 351 Change in working capital (1,302) (390) Cash flow from operations (A) (808) 479 Capital expenditures (1,597) (1,993) Other 101 (44) Investing activities (B) (1,496) (2,037) Proceeds from borrowings 2,373 1,245 Repayment of borrowings (including NCDs) (707) (240) Lease liabilities (260) (333) Interest payment (403) (335) Proceeds from issue of equity shares (net of treasury shares) — 1,282 Share issue expense (net) (30) — Proceeds from exercise of share options 16 41 Financing activities (C) 989 1,660 Net cash movement (A+B+C) (1,316) 102 Opening cash 3,015 609 FCTL 11 (140) Closing cash 1,710 572 Note: Change in working capital includes other operating cash flow adjustments.
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18 Key Metrics 0.2 0.5 FY26 H1 FY27 Net Debt/Equity (x) Fixed Asset Turnover (x) (1) 1.2 1.5 FY26 H1 FY27 151 136 FY26 H1 FY27 Net Working Capital Days ROE (%) FY26 H1 FY27 -8 -15 ROCE (%) (2) 2 -5 FY26 H1 FY27 Segment ROCE (%) Aerospace Consumer H1 FY27FY26Period 20 -15 22 -25 (1) Fixed Asset Turnover – Revenue from operations/Fixed Assets. (2) ROCE = EBIT/Net capital employed (excluding cash and bank) Note: FY26 Ratios are based on actuals, H1F27 ratios are annualised
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About Us03 19
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20 History and evolution of the company ▪ Established unit in sector specific SEZ for precision engineering at Belagavi ▪ Expansion into North American market pursuant to setting up of manufacturing facility ▪ Commencement of manufacturing of consumer durable goods in Bengaluru ▪ Setting up the Koppal Manufacturing Cluster 2008 2015 2021 ▪ Began manufacturing operations at Belagavi SEZ ▪ Airbus & Boeing approve API's Surface Treatment facility, the first in India. ▪ Expansion into Europe through acquisition of SIRA Group ▪ Delivered first consignment of plastic toys and commenced operations of consumer manufacturing facilities in Belagavi ▪ Commencement of operations at Hubballi Manufacturing Cluster 2009 2016 2022 ▪ Entered the public markets with a successful listing ▪ Commenced production of components for smart devices, for one of the largest global consumer electronics players 2025 We operate in 3 unique, engineering-led vertically integrated precision manufacturing “ECOSYSTEMS” in India 20 2026 ▪ Entered JV with Accel India Fund, Vagus to set up Ajna Aerospace to focus on UAV manufacturing. ▪ Entered into MoU with TN Govt. for India’s first Aero Engine Ecosystem ▪ Entered into MoU with GoK for investment of ₹28,560 Mn.
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21 Key business segments - Aerospace We have deep exposure to long-cycle, recurring aerospace programs Ability to offer “one-stop-shop” capabilities to support complex manufacturing and integration needs Extensive testing and validation To fulfill product specific requirements by aerospace OEM customers Key Highlights Engine Systems 73 SKUs Structures 4,467 SKUs Actuation Systems 245 SKUs Turnings 121 SKUs Landing Systems 188 SKUs Interiors & Cargo 601 SKUs Assemblies 283 SKUs High Value- Added Products One of the largest portfolios of aerospace products in India 100% In-country value addition for select products 5,978 Products in aerospace segment Long range– A330, A350, B767, B777, B787 Single aisle – A220, A320, B737 Aerospace Segment Key Customers Revenue Contribution (H1 FY27)84% Airbus Boeing Safran Collins Aerospace SAAB
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22 Our Manufacturing Excellence – Aerospace Ability to manufacture components from start-to-finish 10,000 Ton Hydraulic press 1200 Ton Screw press forging Forging Multi-spindle and Multitasking machines High Torque & high speed 3/4/5-Axis CNC Machines Precision Machining Non-destructive testing Surface Enhancement – Robotic shot peening Surface Treatment Riveting, Bush press & Shrink fit Aero Assemblies ▪ We machine & assemble non-operable door panels and structural components including over wing emergency exit doors, aerostructures for wing & fuselage, assemble tools for fixtures and jigs ▪ SQuAD JV Partner (Aubert & Duval): Operates a 10,000 Ton Hydraulic closed-die press which we utilize for forging ▪ Surface Treatment facility approved by Airbus and Boeing ▪ Operated by the JV which we entered with Magellan Aerospace Limited Machining capabilities ▪ 2.12 Mn annual machining hours (Annualised Q2 FY27) ▪ 229 CNC machines (Q2 FY27) ▪ ISO 45001:14001 ▪ ISO 9001 EN9100 ▪ AS 9100 ▪ ISO 14001 ▪ GRAMS ▪ OHSAS 18001 and others Our Certifications Only company within a single SEZ with end-to-end manufacturing capabilities for the Aerospace Segment in India
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23 Our Diverse Consumer PortfolioConsumer Segment Key business segments - Consumer Consumer Segment Among the largest global consumer electronics players Consumer Electronics Consumer Durables* Plastics Non-stick Cookware Interactive & Creative Learning Toys Vehicle Toys & Figurines Toy Sets Components for portable computers and smart devicesElectronic Components Product PortfolioApplication Scaling a diversified consumer portfolio leveraging our manufacturing expertise & infrastructure Leveraged core capabilities within the Aerospace Segment, to manufacture consumer products First mover advantage Both in terms of unique precision manufacturing, engineering capabilities and long-standing relationships Key Customers Key Highlights Revenue Contribution (H1 FY27)16% Tramontina WonderchefMattel *Consumer Durables (Non-stick cookware) business is operated through a Joint Venture
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24 Our Manufacturing Excellence – Consumer ▪ Product portfolio spans across components for portable computers and smart devices, outdoor toys, figurines, toy vehicles, non-stick cookware ISO 9001:2015 Certified for Quality, Information Security, Employee Safety and Environment Our Certifications Secondary Process Molding Chemical Surface Treatment Assembly Injection Molding Blow Molding 10 Processes Anodizing Ultrasonic Welding Pneumatic Press Machining Vertical and Horizontal machining 3 Axis and 4.5 Axis Stamping Mechanical Press – 200T Hydraulic Press – 400T ▪ Plastic Molding - Our integrated Molding facility has – 172 Molding Machines with capacity between 80T to 450T (Q2 FY27) – 10 Blow Molding machines with capacity between 1L to 15L (Q2 FY27) – 1.23 Mn annual machining hours (Annualised Q2 FY27) for Molding Machines – 46 assembly lines (Q2 FY27) ▪ Machining capabilities – 218 CNC machines Consumer Electronics (Q2 FY27)
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Why Aequs?04 25
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26 The Aequs Edge True End-to-End Aerospace Manufacturing Platform Co-located machining → forging → surface treatment → assembly inside a single SEZ, enabling unmatched lead times, cost, and quality control A Diversified Manufacturing Engine With Capacity to Scale Our advanced manufacturing capabilities have enabled entry into new business segments by leveraging existing strengths, supported by large installed capacity and utilisation headroom A Scaled Cluster Ecosystem Built for Speed, Cost & Throughput Three India clusters + France & US sites, delivering rapid ramp-up, logistics efficiency, and deep supply- chain integration One of the Deepest Qualified Aerospace Portfolios 5,978 SKUs across engine, structures, actuation & assemblies - breadth that enables multi-platform, recurring, design-frozen programs Long-Standing Relationships Anchored in Execution Reliability Tier-1 to Airbus, Boeing, Safran, Collins; 15+ year average tenure of top 3 customers; multiple D2P/Ramp awards validating execution reliability High-Complexity Materials & Special Processes NADCAP surface treatments, multi-metal forging (Aluminium, steel, titanium, nickel) and hard-to- machine alloy competence for complex, high- specification components
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27 Paris, Texas Cholet, France Background 2015 Acquisition of T&K Machine Renamed Aequs Aero Machine Inc 2016 Acquisition of SIRA Group Capabilities Produces machined parts and assemblies for the aerospace industry Provided us with machining, assembly, fabrication and testing (for example, for engines and landing gear) capabilities Shared Benefits Closer to US based clients Boeing and Spirit Closer to our Europe based clients Safran and Collins Aerospace Mfg. presence across 3 continents with strategic proximity to customers Global OperationsIndia Operations Belagavi Manufacturing Cluster Hubballi Manufacturing Cluster Koppal Manufacturing Cluster All Indian facilities are ISO-certified for quality, information security, employee safety and environment Expanded footprint Competitive global manufacturing platform Nearshoring of business processes
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28 Ecosystem benchmark - Belagavi Aerospace Cluster built Grounds up Customs Office Fire Station Precision Machining Engineering Services Unit 1 Unit 2 Forging & Heat Treatment Largest Aerospace Machining Capacity in India with 2.12Mn hours* annually India’s first vertically-integrated aerospace manufacturing ecosystem with end-to-end manufacturing value stream eliminating component movement from thousands of kilometres between cities to a few hundred metres Machining Surface treatment Finished Goods Delivery Engg. Services Assembly Forging Aerostructures Assemblies FG Stores Raw Material Warehouse & Tooling Distance travelled for components reduced from 5000 Kms to <500 mtrs *Annualised figure based on Q2 FY27 includes aerospace subsidiaries and JVs
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29 Long-standing relationships with high entry barrier global customers We have been able to maintain high client stickiness and retention due to the collaborative nature of the manufacturing that we undertake along with our OEM customers BOEING Tier 1 supplier status since 2017 AIRBUS 6-times D2P award from 2016 to 2023, association since 2010 15 YRS Average tenure of 3 largest customer groups 15 Total OEMs customer groups globally 63% Top 5 customer group contribution (H1 FY27) 22 Export Markets Global presence across North America, Europe & Asia Revenue Mix (H1 FY27) 13% 87% Domestic Exports Our Strong Global Reach Our Blue Chip Customer Base 15 Years 8 Years 9 Years GKN Aero Honeywell Eaton Mubea Bombardier TramontinaAmong the largest global consumer electronics player AerospaceConsumer Awards D2P Award by Airbus for 6 years Ramp-up Champion Award SQIP Award Special Award for procurement ops Airbus Boeing Safran >10 Years Collins 5 Years Wonderchef
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30 Founder-led business supported by an experienced management team Kapil Mahajan Chief Human Resource Officer Associated with the Company since 2025. Responsible for providing strategic leadership in relation to people and culture Ravi Guttal CTO & SVP-Engineering & Quality Associated with the Company since 2022. Responsible for process & system optimization new product development, R&D (simulation process) Ravi Mallikarjun Hugar Company Secretary and Compliance Officer Associated with the Company since 2007. Responsible for secretarial and regulatory functions. Associated with the Company since 2007. Responsible for the overall operations and performance of different verticals in the Company, including aerospace and consumer durable goods Rajeev Kaul Co-founder & Managing Director Associated with the Company since its incorporation in 2000. Over 25 years of experience in the aerospace sector. Aravind Melligeri Executive Chairman and Chief Executive Officer Ravi Kumar Assudani Head of Engineering – Consumer Segment Associated with our company since 2026. Brings rich experience in advanced manufacturing technologies Reenah Joseph Chief Financial Officer Associated with the Company since 2026. Drives Aequs’ financial strategy, governance, capital allocation, and long -term value creation. Mohamed Bouzidi President – Aerospace of AAF Associated with the Company since 2020. Responsible for the overall operations and performance of different business verticals in the aerospace division
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31 Board of Directors Anup Wadhawan Independent Director Associated with the Company since 2025. Former Indian Administrative Services officer from the batch of 1985. Held several important positions incl. Secretary, Department of Commerce, GOI, Joint secretary in the Ministry of Finance, GOI Vidya Sarathy Independent Director Associated with the Company since 2025. O ver 23 years of experience in various sectors such as, finance and secretarial compliance Associated with the Company since 2007. Responsible for the overall operations and performance of different verticals in the Company, including aerospace and consumer durable goods Rajeev Kaul Co-founder & Managing Director Associated with the Company since 2003. O ver 23 years of experience in operations and technology sectors, currently associated with QuEST Global Ajay Aravind Prabhu Non-Executive Director Aravind Melligeri Executive Chairman and Chief Executive Officer Associated with the Company since its incorporation in 2000 . Over 25 years of experience in the aerospace sector. Associated with the Company since 2021. O ver 29 years of experience in the field of procurement, materials management and business management Eberhard Klaus Richter Independent Director
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THANK YOU 32 For further information, Please connect: Aequs Limited Ashama Rajawat Investor.relations@aequs.com Ernst & Young LLP Diwakar Pingle/ Kunal Bhoite /Manav Poal Diwakar.Pingle@in.ey.com/ kunal.bhoite@in.ey.com/ manav.poal@in.ey.com +91 9833904971/ 9833217607/ 9945536258