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Raymond LIMITED Q1FY27 RESULTS PRESENTATION AUGUST 07,2026
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Table of Contents 01 Overview 3-7 02 Consolidated Highlights 8-12 03 Aerospace & Defence Business 13-21 04 Precision Technology & Auto Components Business 22-29 05 Management Team 30-32
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Section 01 Overview Strategic Positioning & Executive Summary
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DEMERGED & LISTED Raymond Lifestyle Listed Sep 05, 2024 ● Branded Textiles & Apparel ● Global Garmenting B2B ● Independent Capital Structure DEMERGED & LISTED Raymond Realty Listed Jul 01, 2025 ● Thane Land Bank Development ● MMR Asset-Light JDA Model ● Top-5 Developer in MMR CORE RETAINED ENTITY Raymond Limited 100% Pure-Play Aerospace, Precision Technology & Auto Components - Net Cash Surplus ₹68 Cr (FY26) ● JK Maini Global Aerospace: ● Revenue ₹ 392 Cr. ● EBITDA ₹ 88 Cr. ● EBITDA Margin 22.3% ● JK Maini Precision Tech: ● Revenue ₹ 1,667 Cr. ● EBITDA ₹ 223 Cr. ● EBITDA Margin 13.4% Raymond Group: Unlocking Value Strategic Distraction-Free Allocation Zero Non-Core asset distraction. Capital management bandwidth and cash flows are now 100% dedicated to precision engineering com pounding. Strategic Corporate Restructuring Complete — 100% Focus on High-Barrier Aerospace & Precision Technology 4
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5 Building a Global Precision Engineering Platform 01 • PLATFORM Diversified Engineering ● Precision Tech & Auto Components ● Aerospace & Defence | Tools & Hardware ● Presence across automotive, aerospace, and industrial applications 03 CAPABILITIES Deep Product Portfolio ● 8,000+ SKUs in Precision Tech & Auto ● 1,300+ precision aero-engine parts developed ● 350+ parts engineered for advanced LEAP engines 04 REACH Global Customer Access ● Active footprint across 90+ countries ● 100+ large global customers | 25+ aerospace clients ● 20+ year relationships with Tier-1 aerospace OEMs 05 FORECAST Revenue Visibility ● ₹5,960+ Cr aerospace order book (10-yr horizon) ● Long-cycle programs with minimal customer churn ● Robust pipeline of RFQs and active engagements 06 PERFORMANCE Financial & Strategic Discipline ● ₹2,312 Cr total income | ₹335 Cr EBITDA (FY26) ● ₹68 Cr net cash surplus (FY26) ● ~₹1,000 Cr committed capacity investment 01 PLATFORM Diversified Engineering ● Precision Technology & Auto Components ● Aerospace & Defence ● Presence across aerospace, automotive, tools & hardware, defence, industrial applications and after market 02 INFRASTRUCTURE Global Manufacturing Scale ● 16 state-of-the-art manufacturing facilities ● 1,800+ advanced machines | 5,250+ workforce ● Fully integrated production capabilities across India
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Near-plant 3PL warehousing hubs in Europe and North America enable just-in-time delivery directly to Tier-1 assembly lines of Boeing, Airbus, Safran, and Pratt & Whitney, protecting against supply chain disruptions. 6 Global Execution Footprint 90+ EXPORT COUNTRIES Higher Export resilience across US & EU 600+ CONTAINERS / YEAR 20 ft containers exported annually 11 GLOBAL WAREHOUSES 6 Europe, 3 USA, 1 Canada & 1 Mexico 16 MANUFACTURING FACILITIES Across Andhra, Karnataka, Maharashtra & Gujarat Warehouse Tools & Hardware Aerospace Automotive >65% TOTAL EXPORTS • Auto Components & Precision Tech >60% • Tools & Hardware > 40% • Aerospace > 80% Integrated Global Supply Route Logistics
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Andhra Pradesh Greenfield Facility The state-of-the-art greenfield project is progressing strictly on schedule to expand overall production capability. Timeline & Readiness Commercial production is expected to begin by mid-next year, significantly raising technical capabilities. Governance & Leadership Comprehensive upgrade of leadership, governance, and organizational capabilities to consistently drive stakeholder value. 7 Strategic Expansion & Market Diversification INFRASTRUCTURE & CAPACITY B2C BRAND LEVERAGE 70-Year JK Files Legacy Leveraging over seven decades of trusted brand equity and customer relationships to expand into adjacent product categories and new distribution channels. Automotive Aftermarket Entering the automotive aftermarket by leveraging our established brand, distribution network, and cross-channel market presence. Financial Model Built on a capital-efficient model that leverages existing manufacturing capabilities, distribution strengths, and diversified revenue streams.
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8 Section 02 Consolidated Highlights Financial Performance
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9 Performance Snapshot ₹ 628 Cr. YoY: 13.1% ₹ 100 Cr. 15.9% YoY: 14.3% ₹ 42 Cr. 6.6% YoY: 38% ₹ 129 Cr. ₹ 123 Cr. YoY: 40.4% ₹ 26 Cr. 21.2% YoY: 25.4% ₹ 444 Cr. YoY: 11.5% ₹ 61 Cr. 13.8% YoY: 45.5%
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10 Consolidated Performance Trends Q1 FY26 Q4 FY26 Q1 FY27 555 613 628 TOTAL INCOME (₹ Cr.) Y-o-Y Growth 13.1% Y-o-Y Growth 14.3% EBITDA & EBITDA Margin (₹ Cr.) Q1 FY26 Q4 FY26 Q1 FY27
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11 Profit & Loss Statement Consolidated Performance Revenue from operations 606 603 524 Other income 22 10 31 Total Income 628 613 555 13% Expenses 528 527 468 EBITDA 100 85 87 14% EBITDA Margin % 15.9% 13.9% 15.7% Depreciation 38 37 39 Interest Expense 20 23 19 PBT before exceptions 42 25 30 38% PBT margin % 6.7% 4.1% 5.4% Exceptional Items 0 (20) 0 Taxes (10) 8 (8) Associate / JV / Minority 0 (1) (2) Net Profit 31 12 21 50%
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12 Segmental Breakup Q1FY27 Segmental Performance Note1: Precision Technology & Auto Components represents JK Maini Precision Technology Ltd. which includes T&H division, RPAL and Auto division of erstwhile Maini Precision. Note2: Aerospace & Defence represents JK Maini Global Aerospace Ltd. which includes Aerospace & Defence division of erstwhile Maini Precision. Note3: Others (includes unallocated expenses, elimination & other income) * Q1 FY27 Q1 FY26 YoY Q1 FY27 Q1 FY26 YoY Q1 FY27 Q1 FY26 Precision Technology & Auto Components 444 398 11% 61 42 46% 13.8% 10.6% Aerospace & Defense 123 87 40% 26 21 25% 21.2% 23.7% Others 61 70 12 24 Total 628 555 13% 100 87 14% 15.9% 15.7%
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Section 03 Aerospace & Defence Business Segment Performance
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14 Aerospace Macro Tailwinds
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15 Dominating the Indian Aerospace Market As the leading exporter of highly critical Aero engine components Expertise in Precision Manufacturing for the Aerospace Sector 1,300+ Precision Aero Engine Parts Developed 350+ Parts of Latest LEAP Engines Variants 25+ Global Aero Components Manufacturing Clients 2 Decades Relationship with Top Aero OEMs and Tier 1 Suppliers Key Highlights Preferred Supplier To top 3 Global Aircraft Engine Manufacturers holding 88% market share.1 2 Mission Critical Supply High precision components to Global OEMs and Tier 1 suppliers in Aerospace & Defense industry. 3 Experienced Leadership Senior Management with 30+ years of Industry Expertise. Certifications
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16 Segment Financials 123 87 40% 26 21 25% 21.2% 23.7% Domestic 24% Europe, 51%, US, 25% Asia, 1%, International, 76% At the Core of Global Commercial Aviation Operating through JK Maini Global Aerospace Ltd., we manufacture high-complexity, mission-critical components operating inside extreme thermal and pressure environments. Operational Highlights: • Revenue Growth Q1FY27 witnessed a robust growth of 40% vs PY. This growth was largely driven significant capacity expansion, unlocking higher revenue realization across core Aerospace OEM and Tier-1 programs • Margins compression (temporary) EBITDA margins experienced temporary compression due to targeted R&D investments required to capture a 40% revenue expansion; margins will stabilize as programs reach steady-state • Strong RFQ activity Easing supply chain headwinds, paired with our expanded capacity, position us for seamless execution against a growing multi-year order book
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Mission Critical Portfolio Structure Components – 16% 17
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18 Visibility meets Velocity – The Aerospace Growth Engine ₹ 5960+ Crore order book and a high-conversion pipeline with scalable program expansion 502.2 539.5 554.6 572.2 597.0 620.6 641.4 643.2 645.3 645.3 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 Strong Order Book visibility Program Life-Cycle Conversion Dynamics Aerospace programs follow a multi-year S-curve lifecycle: [RFQ Bidding] → [Prototype R&D Sample] → [First Article Inspection (FAIR)] → [10-Year Mass Production]. Once FAIR qualification is achieved, OEM platform switching costs are prohibitive, ensuring zero customer churn. ORDER BOOK VALUE ₹5,960+ Cr 10-Year Contract Scope ACTIVE RFQ PIPELINE ₹1,632 Cr 2,000+ Active Drawings SKU RAMP VELOCITY 100+ New Engine SKUs / Year
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19 Evolving Up the Value Chain Stage 1 Precision Component Manufacturing ● High-precision engine, structural and system components ● Established machining and specialised-process capabilities ● More than 1,300 aerospace parts developed Stage 2 Deeper Programme Participation ● 350+ components for latest LEAP engine variants ● Increased share of business with existing customers ● More than 75% of operations from complex aero-engine parts ● 100+ new SKUs added during FY26 Stage 3 Assemblies & Specialised Processes ● Machining, welding, brazing and assembly capabilities ● Nozzle guide vanes and complex engine-critical products ● Transfer-of-technology programmes ● Expanded participation across casting and vane programmes Stage 4 Design-to-Build / Integrated Partner ● Maiden build-to-spec order from a leading defence aerospace OEM ● Development of specialised onboard storage systems ● Customer engagement from design through production ● Positioning as an integrated "Tier 1.5" global aerospace partner Moving from individual precision components to complex assemblies, specialised processes and design-to-build solutions - deepening customer integration and increasing value addition.
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Evolving Up the Value Chain 20
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21 Manufacturing Excellence - Complexity, Core Processes & Raw Material Part Complexity & Core Processes Key Manufacturing Processes Vacuum Brazing EDM 5 Axis Grinding TIG Welding Program Specifications ● Leap 1A Program ● Low Pressure Turbine – Stage 6 & Stage 7 components ● Dedicated facility to deliver 8,000 units per year ● High-performance Material: Rene 77 ● Honeycomb & Sheetmetal Assembly via advanced welding & brazing Nozzle Guide Vanes Raw Materials Overview 525 Tonnes Annual Consumption (Value Wise) 110 Varieties of Materials 49% 18% 13% 6% 14% Inconel Stainless Steel Titanium Aluminium Others Round Bar Tubes Castings Profile Sections Plates Forgings 17% 43% 40% Simple Medium Complexity High Complexity
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22 Section 04 Precision Technology & Auto Components Business Segment Performance
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India’s Engineering Industry Overview 23
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24 Market Leadership in Engineering Consumables: India & Beyond As one of India’s leading suppliers of high-end precision components Expertise in Precision Technology and Auto Components Manufacturing 1,600+ Auto Components Manufactured 18+ Global Customer Locations 7 Decades Trusted Tier-1 supplier with established relationships across domestic and global OEMs Key Highlights Preferred supplier To leading domestic and global auto manufacturers 1 2 Mission Critical Supply Provides high precision components to leading domestic and global OEMs and Tier 1 suppliers in the automotive industry 3 Experienced Leadership Senior Management team with 30+ years of Industry expertise 100+ Large Customers across the Globe Certifications
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Segment Financials 25 Domestic, 39% Europe, 34% US, 15% Asia, 6% Africa, 4% International, 61% 444 398 11% 61 42 45% 13.8% 10.6% Global Leadership in Motion Control & Consumables Operating under JK Maini Precision Technology Ltd., this division combines market-dominant engineering consumables with powertrain-neutral automotive drivetrain components. Operational Highlights: • The segment witnessed a healthy growth of 11% in Q1 FY27 vs PY . This was primarily driven by a ramp up in our export business, despite geopolitical headwinds, our strategic resilience allowed us to maintain steady growth. • EBITDA margins expanded driven by volume growth, an improved product mix, enhanced operating leverage and targeted cost reduction initiatives. Note1 : Precision Technology & Auto componentsrepresents JK Maini Precision Technology Ltd. which includes Auto Components and Tools and Hardware Business .
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11 3PL Warehouses Globally 65+ Export Countries Files Drills HTPTA PTM Total 6,800+ SKUs Precision Technology & Auto Components Auto Components Tools & Hardware Market Share PV | ~55% India | ~25% Ring Gears #1 in India Flex Plates 3 Manufacturing Facilities 560+ Machines 1,350+ Workforce …Offering Widest Range of Products 12 Manufacturing Facilities 1,250+ Machines 3,900+ Workforce Clean Powertrain Electric and Hybrid Hydraulics and Industrial Steel Files #1 in India Facilities and Reach Cutting Tools Hand Tools Power Tools Upcoming New Facility in Gudipalli, Andhra Pradesh with a CAPEX of ₹430 Cr over 5 years 900+ Active Dealers 120 K Retail Touchpoints 90+ Export Countries India | ~65% Global | ~25% Market ShareMarket Share CV | ~45% Market Share ICE EV Hybrid Others Total 1,600+ SKUs 26
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27 Building the Next Growth Platform - ~ ₹1,000 Crore Capacity Investment Aerospace & Defence Expansion Investment: ~₹510 crore Time Period: Over 5 years Total Area Planned: ~ 45 Acres Location: Andhra Pradesh (near Bengaluru airport) Strategic Purpose: ● High-precision aero-engine components ● Support growing global OEM demand ● Expand complex machining & special processes ● Create capacity for existing order book ● Moving up the value chain into Assemblies ● Vertically Integrated to increase execution speed ● Building Factory in Factory for customers Timeline: ● Ground-breaking completed & production targeted for late 2027 Demand Visibility: ● ₹5,960+ crore 10-year aerospace order book ● Strong RFQ & programme-expansion pipeline Precision Technology & Auto Expansion Investment: ~₹430 crore Time Period: Over 5 years Total Area Planned: ~32 Acres Location: Andhra Pradesh (near Bengaluru airport) Strategic Purpose: ● Serve EV, hybrid & next-gen mobility ● Support new customer nominations & assemblies ● Expand precision manufacturing capacity ● Improve proximity to key automotive OEMs Current Operating Context: ● Existing capacity utilisation: ~85–90% ● Growing hybrid, EV & motion-control scope ● New nominations from a leading European advanced- drivetrain technology company Capacity is being created against visible customer programmes and structural demand opportunities, rather than merely in anticipation of market growth.
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28 Current Status of Operations & Outlook JK Maini Precision Technology Limited (JKMPTL) ● JKMPTL recorded the highest-ever quarterly revenue in the company’s history, demonstrating the team’s strong execution, operational resilience and continued business growth. ● We successfully began mass production of precision components for a leading defence OEM. ● Expansion in Andhra (Near B’lore Airport) is progressing well and we are on track to begin commercial production in late 2027. ● We are establishing a training and production facility in Andhra Pradesh ahead of our project schedule to ensure operational readiness, optimize processes pre-launch, and enable a rapid post- launch scale up. ● Leveraging our existing OEM-grade production base and contract manufacturing of critical components & white label products, we are establishing an aftermarket business scheduled for rollout in Q2 FY27. JK Maini Global Aerospace Limited (JKMGAL) ● JKMGAL recorded the highest-ever quarterly revenue in the company’s history, demonstrating the team’s strong execution, operational resilience and continued business growth. ● Expansion in Andhra (Near B’lore Airport) is progressing well and we are on track to begin commercial production in late 2027. ● Achieved formal audit approvals from a key Indian defense and aerospace OEM, validating facility standards, process compliance, and quality management systems. ● We have achieved critical manufacturing milestones on a flagship aircraft localization program, securing 135 total part awards—with 100 parts actively in serial production and the remaining 35 parts advancing through final First Article Inspection (FAI). Raymond Limited to Remain Net Cash Surplus
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29 Sustainability
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30 Section 05 Management Team
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33 Disclaimer The particulars of this presentation contain statements related but not limited to revenues, financial results and supplemental financial information which has been compiled by the management, not to be construed as being provided under any legal or regulatory requirement and are not intended to invite any investment in the Company. The information contained in this presentation has not been subjected to review by Auditors or the Board of Directors of the Company. Commentary in the presentation describes the reporting quarter’s performance versus the same quarter of the corresponding previous year, unless specified otherwise. The figures for the previous periods in this presentation have been regrouped/ reclassified, wherever necessary. The Company assumes no responsibility and does not provide any warranty to the accuracy or comprehensiveness of the information contained in this presentation. This presentation is not intended to be a “prospectus” (as defined under the Companies Act, 2013), SEBI Regulations and relevant provisions of applicable laws. This presentation is for information purposes only and does not constitute or form part of, and should not be considered as any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscription of securities in any manner. No part of this presentation and the information contained herein should form the basis of, or be relied upon, in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. Statements in this presentation describing the Company’s objectives, projections, estimates, expectations or predictions may constitute “forward looking statements”. Such statements are based on the current expectations and certain assumptions of the Company's Management, and are, therefore, subject to risks and uncertainties. Actual results may differ materially from those expressed or implied. The Company neither intends, nor assumes any obligation to amend, modify, revise or update these forward looking statements, on the basis of any subsequent developments which differ from those anticipated.
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