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1 INVESTOR PRESENTATION Q2/H1 FY 27 02 November 2026
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2 CONTENTS 03 OUR FINANCIAL HIGHLIGHTS COMPANY OVERVIEW SHAREHOLDING PATTERN OUR BUSINESSES 08 15 38
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TRIVENI AT A GLANCE 3 Note: Market Capitalization and Free Float as on September 30, 2026 for Triveni Engineering & Industries Ltd. (TEIL) LOCATIONS 20 world-class facilities including: 8 Sugar plants 5 Distillery facilities at four locations ~ ₹ 5,194 Crore Market Capitalization 39.42% Free Float >12,200+ MLD Water & Wastewater treated through Triveni projects 70,500 Tonnes per day Sugarcane crushing capacity 104.5 Mega Watt Power Co-generation 960 KLPD Kilo Liter Per Day (KLPD) Alcohol/Distillery capacity
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OUR STRENGTHS 4 Strong Leadership & Governance Robust corporate governance with a majority- independent board comprising members with diverse and distinguished backgrounds. Experienced management team with a proven track record of value creation across diverse sectors. Market Leadership Financial Strength & Resilience Stakeholder Trust & Ecosystem Integration Strategic Tailwinds & Growth Drivers A leading player in India’s sugar industry with best- in-class infrastructure and integrated distilleries. Operates in high- entry-barrier, long- gestation industries, ensuring durable competitive advantage. Significantly strengthened balance sheet over the past five years, enhancing the Company’s risk- return profile. Demonstrated ability to incubate and scale businesses, reflecting strategic foresight and execution capability. Strong, long- standing relationships with suppliers and customers, ensuring reliability, continuity, and mutual growth. Well-positioned to benefit from rising rural prosperity and increasing Government focus on agriculture and rural development. Import substitution opportunities in both ethanol (biofuel) and engineering segments, aligning with national priorities. Established engagement with regulatory bodies, enabling smoother operations, compliance, and long-term stability.
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OUR BUSINESS-WISE OUTLOOK 5 SUGAR • Domestic fundamentals remain supportive, led by low opening inventories and crop uncertainty. The extended duty-free raw sugar import window, monthly release quotas and other policy actions may moderate excessive price movements. • Recent heavy rainfall warrants unit-wise field assessment. The Company will calibrate crushing start and ramp-up with cane maturity and field accessibility, while closely monitoring initial recovery, lodging and waterlogging. • Objective remains to increase cane crush with a focus on cane development, recovery improvement and plant readiness. • International prices have recovered from 2026 lows, while the latest global balance points to a modest deficit. Brazil’s output and sugar-ethanol mix, India’s trade policy and weather across key origins remain important monitorables. ALCOHOL • ESY 2026-27 tender excludes sugarcane juice/syrup and B-Heavy molasses, while lower maize-ethanol pricing and limited allocation for FCE rice-based ethanol. • The multi-feedstock capability across a majority of distillery capacity provides strategic flexibility to optimise eligible feedstock and product mix based on allocation, availability and relative economics. • Priorities are to optimise OMC allocation, evaluate maize, FCI rice and C-heavy molasses economics, maximise DDGS value, and sustain energy and process efficiencies. • The regulatory recognition of E85/E100 flex- fuel vehicles is supportive for medium-term demand; commercial adoption will depend on compatible vehicles & fuel infrastructure. WATER • Rising investments in water infrastructure, wastewater treatment, water reuse and Zero Liquid Discharge (ZLD) solutions continue to create significant opportunities across municipal and industrial segments. • Supported by a healthy order book and strong bid pipeline, the Company is well positioned to benefit from emerging opportunities across EPC, PPP and O&M projects.
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ENVIRONTMENT, SOCIAL, GOVERNANCE (ESG) GUIDING PRINCIPLES 6 Highest level of ethical and corporate governance standards, with stringent compliances Best-in-class sustainable processes and solutions across our operations and units Allocation of capital with focus on reducing carbon footprint and promoting energy efficiency Maintaining ecological balance while ensuring business excellence Harnessing co-products to become raw materials for other products, thus promoting circular economy Fostering community development and social empowerment
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On 10 December 2024, the Board of Directors of Triveni Engineering & Industries Limited (TEIL/Amalgamated Company/Demerged Company), Sir Shadi Lal Enterprises Limited (SSEL/Amalgamating Company) and Triveni Power Transmission Ltd. (TPTL/ Resulting Company) have approved a Composite Scheme of Arrangement (Scheme). NCLT has approved the said Scheme vide its orders dated 07 May 2026 & 18 May 2026 and the Scheme has become effective from 19 May 2026 upon filing with ROC. Further steps necessary for implementing the Scheme (including corporate actions towards issue of shares) shall follow. CORPORATE STRUCTURE SIMPLIFICATION – SCHEME APPROVED 7 Amalgamation of Sir Shadi Lal Enterprises Limited (SSEL) with Triveni Engineering & Industries Limited (TEIL). SSEL is a subsidiary of TEIL, in which TEIL holds a 61.77% stake presently. Transfer and vesting of PTB Undertaking (as defined in the Scheme) of TEIL to Triveni Power Transmission Limited (TPTL). TPTL is a wholly-owned subsidiary of TEIL presently. COMPLETED COMPLETED TPTL got listed on the BSE and NSE on 12 October 2026
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OUR FINANCIAL HIGHLIGHTS
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OUR LONG-TERM HIGHLIGHTS 9 • FY 21-26 Gross Revenue CAGR 10.1% • Rising revenue contribution# from non-sugar business from 20% to 46% during FY 2021-26 01Well Diversified and Growing Revenues • Judicious investment in Sugar facilities to enhance sugarcane crush rate, sugar quality and efficiencies. • Enhanced Alcohol distillation capacities over the years in alignment with Government’s Ethanol Blended Petrol Program • Power Transmission Business continues its long-term growth journey with increasing order book and continuous capacity expansion Key Business Highlights 02 03 04 05 • Improved leverage and cost of funds over the period • ICRA Long Term Credit Rating of AA+ Strong balance sheet position • Long history of returning cash through combination of dividend and buybacks including record buyback of ₹ 800 crore in FY 23 and sustained dividends over the years Consistent focus on returns • Restructuring aimed at corporate structure simplification and value creation • Divested 21.85% stake in Triveni Turbine Limited to monetize non- core assets and unbundle businesses in Sep 2022 • Announced Amalgamation of SSEL and Demerger of PTB in Dec 2024 Focused on Value Creation # Percentages calculated on Gross Revenue from Operations and intersegmental revenue adjusted from Sugar as these are largely d ue to sale of sugar by-products
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ROBUST FINANCIAL PERFORMANCE 10 Note: * Revenue from Operations (Gross) include Excise duty of ₹ 1,330 crore in FY26, ₹ 1,119 crore in FY25, ₹ 931 crore in FY24, ₹ 693 crore in FY23, ₹ 403 crore in FY22 and ₹ 29 crore in FY21 on account of potable liquor sales Revenue from Operations (Gross)* 4703 4694 6310 6151 6808 7621 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Profit Before Interest and Tax (PBIT) 510 576 603 584 408 480 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Robust revenue growth of 10.1% p.a. during FY 2021-2026 with increasing contribution from non-sugar businesses ₹ Crore
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STRONG BALANCE SHEET POSITION 11 Note: *Upgraded to ICRA AA- (Positive) on April 6, 2021 and further upgraded to ICRA AA (Stable) on November 23, 2021. Reaffirmed on March 24, 2023. Upgraded to ICRA AA+ (Stable) on March 27, 2024. $ Placed on ratings watch with developing implications on December 19, 2024 and reaffirmed as AA+ (Stable) by removing the ra ting watch on 27 May 2026 Total Consolidated Debt (₹ Crore) Total Consolidated Debt To Equity (x times) 994 1568 914 1411 1969 2147 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 0.64 0.82 0.35 0.49 0.63 0.65 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Average Cost of Debt (Standalone) Long-term credit rating 6.1% 5.0% 5.1% 6.5% 7.1% 7.0% FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 ICRA AA- (Stable) ICRA AA (Stable) ICRA AA (Stable)* ICRA AA+ (Stable)* ICRA AA+ $ FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 ICRA AA+ (Stable)
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CREATING SHAREHOLDER VALUE 12 Note: Based on Standalone Statement of Cash Flows from FY 21 to FY 26 *Capital Expenditure: Purchase of property, plant and equipment and intangible assets, net of term loans availed/paid Healthy mix of investments in business for future growth and returns to shareholders Cash Generation during FY 21-26 ₹ 4,237 crore Dividends & Buybacks (incl. taxes) ₹ 1,501 crore (35% of cash generation) Capital Expenditure* ₹ 1,495 crore (36% of cash generation) Funds Retained for Working Capital ₹ 1,241 crore (29% of cash generation)
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ENHANCING SHAREHOLDER RETURNS THROUGH COMBINATION OF BUYBACKS & DIVIDENDS 13 Note: The Company completed buyback of ₹ 100 crore, ₹ 65 crore and ₹ 800 crore in August 2019, August 2020 and February 2023 respectively. Buybacks under FY 20 and FY 21 were announced in preceding year. Dividend and buyback amounts are excluding taxes FY 24 Dividend payout ratio of 12% represents special dividend of ₹ 2.25 per equity share 15% 21% 17% 20% 22% 23%12% FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Interim + Final Special Buyback of Shares (₹ Crore) Dividend (₹ Crore) Dividend Payout Ratio (%) • Past history of returning cash through combination of dividend and buybacks • Concluded record buyback of ₹ 800 crore in FY 23 • Dividend of ₹ 2.75 per equity share for FY 26 • Dividend Policy: Payout ratio of the dividend is in the range of 15-25% of the normal business income after deduction of tax 65 800 FY 21 FY 23 42.3 78.6 71.1 125.9 54.7 60.4 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26
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CONSOLIDATED FINANCIAL HIGHLIGHTS Q2/H1 FY27 14 Q2 FY27 Q2 FY26 Change % H1 FY27 H1 FY26 Change % Revenue from Operations (Gross) 2,049 1,905 7.5 3,999 3,810 5.0 Revenue from Operations (Net of excise duty) 1,731 1,597 8.4 3,311 3,145 5.3 EBITDA 165 37 352.4 229 97 136.7 EBITDA Margin 9.5% 2.3% 726 bps 6.9% 3.1% 383 bps Profit Before Tax (PBT) 126 -16 882.5 131 -25 626.4 Profit After Tax (PAT) 94 -11 915.2 97 -18 637.3 EPS (not annualised) (₹/share) 4.25 -0.52 915.2 4.42 -0.82 637.3 • Net revenue for H1 FY27 increased by 5.3% mainly on account of higher sugar realisation and higher sales volume and realisation of grain distillery by-product (DDGS). • For Q2 FY27, net revenue increased by 8.4% due to significant increase in sugar realisation coupled with higher sales volume of alcohol as well as higher volume & realisation of DDGS despite a decline in sugar volume and water business revenue. • Profitability improvement in H1 FY27 is primarily attributable to increase in sugar margin owing to higher realisation and higher proportion of high margin maize feedstock, improved realisation of DDGS and lower finance cost. The aforesaid factors also contributed towards the higher profitability in Q2 FY27 besides the additional contribution from higher volume of alcohol. Note: above financial results pertain to “Continuing Operations” (excluding Discontinued Operation pertaining to PTB) and figures of previous periods restated to reflect the result of demerger. ₹ Crore
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OUR BUSINESSES
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SUGAR
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OUR SUGAR BUSINESS PROFILE 17 Strategic Manufacturing Presence WE MANUFACTURE Refined sugar for high-grade end users Various grades of pharmaceutical sugar, which can be customised as per user requirements White crystal sugar OUR USPs Strategic Location Strong Sugar Recoveries Product Mix and Price Benefit Prestigious Customer base 360K+ farmer relationships 1 2 3 4 1 2 3 1 WESTERN UP 1. Deoband (Refined Sugar) 2. Khatauli (Refined Sugar)* 3. Sabitgarh (Refined, Pharmaceutical Sugar) 4. Shamli (SSEL) (Sulphitation) CENTRAL UP 1. Rani Nangal (Sulphitation)# 2. Milak Narayanpur (Refined) 3. Chandanpur (Sulphitation)*# EASTERN UP 1. Ramkola (Sulphitation) * Bonsucro Certified # Largely selling to institutional clients
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SUGAR BUSINESS PERFORMANCE OVER THE YEARS 18 1.67 1.83 1.94 1.92 1.96 1.98 2.04 2.06 2.14 2.11 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 640 837 798 874 854 841 932 825 905 825 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 71 95 94 101 94 89 95 89 92 91 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 11.06 11.38 11.79 11.97 11.86 11.70 11.47 11.49 10.80 11.06 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 Note: Data for Sugar Seasons; Gross recoveries (after adjustment on account of B-heavy molasses and syrup diversion) Crush for SS 2025-26 impacted by climatic factors across the state of UP Sugarcane Crushed (Lakh Quintals)Area under Sugarcane (Lakh Hectares) Sugar Produced (Lakh Quintals) Gross Recovery (%)
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SUGAR REALISATIONS SET TO STRENGTHEN 19 • Over the years sugar realisations have moved up significantly; during the current year • Sugar prices remained firm and likely to be continued in the backdrop of tight domestic sugar balance • Sugar realisations have also been supported by an increasing share of refined sugar and pharma-grade sugar Triveni Sugar Realisation (Domestic) (INR per Quintal) 3,224 3,168 3,289 3,339 3,333 3,327 3,274 3,311 3,263 3,203 3,257 3,267 3,394 3,340 3,307 3,276 3,478 3,732 3,761 3,639 3,527 3,539 3,488 3,513 3,523 3,570 3,526 3,505 3,593 3,568 3,620 3,615 3,653 3,521 3,511 3,517 3,717 3,685 3,696 3,713 3,737 3,851 3,934 4,062 3,932 3,872 3,855 3,855 3,879 3,956 3,917 3,840 3,931 3,851 3,986 3,912 3,816 3,989 4,088 4,098 4,100 4,089 4,008 4,014 4,102 4,118 4,120 4,137 4,099 4,058 4,140 4,109 4,108 4,180 4,204 4,445 5,044 4,705 3,000 3,500 4,000 4,500 5,000 5,500 April May June July August September October November December January February March FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026 FY 2027
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-0.7% 7.9% 8.4% 6.1% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% FY11-15 FY16-20 FY21-25 FY 26 Sugar Segment EBIT Margin 20 We believe Sugar Industry has undergone significant changes in last few years, which has in turn significantly reduced the cyclical nature of the industry Key Policy Measures Fair and Remunerative Price (FRP) of sugarcane Minimum Selling Price (MSP) of sugar to prevent fall in ex-mill sugar prices Diversion of surplus sugar to production of ethanol Progressive export policies Focus on Sugarcane seed development leading to emergence of better varieties Max: 3.3% Min: -5.6% Max: 14.3% Min: 2.8% Max: 11.1% Min: 6.7% Resulting in an improved and stable margin profile SUGAR INDUSTRY: STRUCTURAL SHIFT DRIVING MARGIN STABILITY A combination of supportive policy reforms and strategic diversification into ethanol has transformed the sugar industry from a cyclical to a structurally stable sector
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2,76,225 2,55,334 Q2 FY26 Q2 FY27 SUGAR: REALISATIONS DRIVE TOPLINE GROWTH 21 40,583 47,275 Q2 FY26 Q2 FY27 +16.5% Sugar realisation increased significantly for the quarter and half year driven by overall market condition. -7.6% Domestic Sugar Dispatches (Tonnes) Average Realisation (₹/MT) 5,34,421 5,32,738 H1 FY26 H1 FY27 -0.3% 40,505 44,281 H1 FY26 H1 FY27 +9.3%
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SUGAR: PROFITABILITY IMPROVEMENT LED BY HIGHER REALISATION 22 1,215 1,262 Q2 FY26 Q2 FY27 -12 99 Q2 FY26 Q2 FY27 +897.7% • Improved Segment Profitability is due to higher sales contribution margins resulting from higher sugar prices. • The sugar inventory as on 30 September 2026 was 1.03 lakh MT, which is valued at ₹38.6/kg versus 1.69 lakh MT valued at ₹37.4/kg as on 30 September 2025. +3.9% ₹ in CroresREVENUE PBIT 2,384 2,497 H1 FY26 H1 FY27 +4.7% -5 113 H1 FY26 H1 FY27 +2444.4%
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INDIA SUGAR BALANCE SHEET: DECLINE IN CLOSING SUGAR STOCK LEVEL FOR SS 2025-26 23*Sugar diversion to ethanol production in million tonnes 5.1 31.9 29.0 1.0 7.0 7.9 26.1 28.0 1.0 5.0 5.0 27.8 0.3 28.8 0.8 3.5 Opening Stock as on 1st Oct Production Imports Internal Consumption Exports Closing Stock as on 30th Sep 2023-24 2024-25 2025-26E +3.6*+2.0* +3.0* SS 2025-26E: Market estimated to be deficit (net 1.5 MMT) despite an import of 0.3 MMT, based on 30.8 MMT gross production, 3.0 MMT ethanol diversion, and 0.8 MMT exports leading to lowest level of sugar stock, since September 2017, at the end of SS 2025-26 in million tonnes
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SUGARCANE DEVELOPMENT PROGRAMME – KEY HIGHLIGHTS 24 A Structured Varietal Substitution Programme for the mutual benefit of the Company and the farmers Significant focus on Yield improvement through various agronomic interventions Active engagement with farmers through model demonstration (demo) plots Soil Health Improvement for application of balanced dosage of fertilizers & nutrients as per soil analysis reports and recommendations Farm implements and mechanization for enhancing inter-cultural operations, etc. Crop Protection from different Pests & Diseases using a structured surveillance programme Various digital initiatives towards sugarcane development programme V
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ALCOHOL
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OUR ALCOHOL BUSINESS PROFILE 26 Strategic Manufacturing Presence WE PRODUCE Bio-ethanol Extra Neutral Alcohol (ENA), Rectified Spirit (RS) and Denatured Spirit (SDS) Co-products such as DDGS, Potash-rich ash, CO2, OUR STRENGTHS Integrated Operations Flexibility of feedstock High Operational Efficiencies Modern & Efficient Technology Focus on Environment, Health and Safety 1 2 1 2 WESTERN UP 1. Muzaffarnagar 2 Facilities: Molasses 200 KLPD and Grain 60 KLPD 2. Sabitgarh Facility: Molasses 200 KLPD 3. Shamli Facility: Molasses 100 KLPD CENTRAL UP 1. Rani Nangal Facility: Multi-feed 200 KLPD 2. Milak Narayanpur Facility: Multi- feed 200 KLPD Note: Excluding the distillery plant of 100 KLPD located at Shamli since it has not operated during the year 3
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ALCOHOL BUSINESS PERFORMANCE OVER THE YEARS 27 107027 107604 181194 184351 200083 236510 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 48.9 54.1 57.3 59.0 62.6 61.0 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 17.8 33.4 44.7 55.7 58.9 FY 22 FY 23 FY 24 FY 25 FY 26 103637 117837 180423 182707 201568 213453 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Enhanced alcohol distillation capacity over the years in alignment with Ethanol Blended Petrol (EBP) Programme Alcohol Production (in KL) Alcohol Sales (in KL) Average Realisation (₹/ ltr) IMIL Sales (Lakh Cases)
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AMONG TOP 5 PLAYERS IN UP IN INDIAN MADE INDIAN LIQUOR BUSINESS 28 • We produce premium-quality molasses-based IMIL (Indian Made Indian Liquor) and grain- based UPML (UP Made Liquor), catering to the Uttar Pradesh market through an extensive distributor and retail network. • Following capex announcements in FY 25, enhanced our capacity to produce 7.5 lac cases per month/ 90 lac cases per annum. • In a short duration of 5 years, the Company has garnered a healthy market share in UP. It is also the fastest-growing IMIL liquor Company in UP with CAGR of more than 27% and among the top 5 players in the industry, committed to quality, innovation, and market leadership.
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INDIAN MADE FOREIGN LIQUOR WINS MULTIPLE AWARDS IN 1st YEAR OF LAUNCH 29 MATSYA AWARDS Spiritz Achievers Awards 2024, 2025 & 2026 INDSPIRIT 2025 World Whiskies Award Design Superior Taste Awards 2025 & 2026 THE CRAFTER STAMP Spiritz Achievers Awards 2024, 2025 & 2026 World Whiskies Award Design Superior Taste Awards 2025 & 2026
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59,550 51,052 Q2 FY26 Q2 FY27 ALCOHOL: VOLUME IMPACTED DUE TO LOWER OFFTAKE 30 • Production was lower YoY to make it synchronise with the offtake, storage constraints for finished stocks and a shift away from B- Heavy molasses ethanol. • Sales volume was broadly resilient; Q2 had decent volume growth, however, decline in Q1 moderated the H1 volume performance. -14.3% Alcohol Production (KL) Alcohol Sales (KL) Avg. Realisation (₹/litre) 1,24,520 1,08,540 H1 FY26 H1 FY27 -12.8% 53,024 61,424 Q2 FY26 Q2 FY27 1,15,358 1,11,907 H1 FY26 H1 FY27 15.8% -3.0% 63.29 64.01 Q2 FY26 Q2 FY27 61.20 61.85 H1 FY26 H1 FY27 1.1% 1.1%
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ALCOHOL: PROFITABILITY IMPROVED 31 397 473 * Revenue net of excise duty 19% • Higher proportion of high margin ethanol produced from maize, higher sales volume and realisation of DDGS contributed to higher profitability in Q2 & H1 FY27. • Higher net revenue growth in Q2 FY27 further backed by higher sales volume. NET REVENUE* PBIT ₹ in Crores 825 846 H1 FY26 H1 FY27 2.5% 28 43 Q2 FY26 Q2 FY27 51 73 H1 FY26 H1 FY27 53.5% 43.9%
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EBP PROGRAMME DRIVING ETHANOL DEMAND 32Note: Data pertains to Ethanol Supply Year (ESY); For ESY 2025-26, figure is upto 30 September 2026. • For ESY 2025-26, 82% of total allocation volume of 1,197 crores litres is supplied by September; grain-based ethanol forms 76% of the total allocation whereas in the total supplies till September it stood at 71% • For ESY 2026-27, OMCs invited bids for approximately 1,100 crore litres. The tender excludes ethanol from sugarcane juice/syrup and B- Heavy molasses, while allowing maize, broken rice, surplus FCI rice and C-Heavy molasses. The quantity of FCR rice-based ethanol restricted to 324 crores litres and maize-based ethanol procurement price has been reduced by ₹3/- per litre. 67 151 179 157 261 361 369 270 321 28210 16 41 72 137 402 719 705 2.1 4.2 4.9 5.0 8.1 10.0 12.1 14.6 19.2 20.0 0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 20.0 0 100 200 300 400 500 600 700 800 900 1000 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 2024-25 2025-26 Ethanol Supplied (Cr. Litres) Ethanol from Sugarcane-based feedstocks Ethanol from Grain-based feedstocks Blending % achieved
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WATER SOLUTIONS
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OUR WATER BUSINESS PROFILE 34 • A water solutions platform, with capabilities across the water and wastewater treatment value chain – EPC projects, products, solutions, concessions and O&M • The division has been operating for 40+ years, with a history of inhouse product development, relationships with key Indian institutions and global partnerships Key Offerings Business Highlights 12,000+ MLD Wastewater treated 100+ Projects executed 1,500+ Pan-India Installations Wastewater Treatment • Municipal sewage • Industrial effluent • Sludge treatment • Biogas handling Water Treatment • Municipal water • Sea water • Industrial process water • High purity water • Intake works Water Recycle, ZLD & Desalination • Municipal sewage recycling • Industrial wastewater recycling • Water desalination
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OUR WATER BUSINESS HIGHLIGHTS 35 • Offers a complete range of water & wastewater treatment solutions to both industrial & municipal segments in EPC and PPP models • Undertakes specialized projects across desalination, recycling, ZLD and utility management for water & sewerage networks • Recurring revenue streams via long-term O&M contracts • Key Project Offerings: • EPC: End to End Turnkey offerings (100+ projects) • DBO: EPC and operational management (60+ projects) • PPP: Portfolio of 2 HAM projects operational • Key Industries: Municipal STP/WTP, Power, Oil & Gas, Chemicals, Textiles, Steel, Non-ferrous and Desalination Industries • Key Regions: India, SAARC, Middle East, Europe and Africa • Inhouse manufacturing capacity in NCR for specific equipment manufacturing
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PROMISING LONG-TERM GROWTH OUTLOOK FOR WATER TREATMENT IN INDIA 36 Strong Regulatory Push Increased Sewage Treatment Capacities Increasing Urbanization with Focus on Quality Industrial Wastewater Treatment Compliance Desalination Opportunity Increasing Demand for Recycled Water Resurgence of Traditional Industrial Segments
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WATER: HEALTHY CLOSING ORDER BOOK 37 Note: These results are based on consolidated results including wholly owned SPVs executing ( i) Mathura PPP/HAM Project awarded by UP Jal Nigam, funded by National Mission of Clean Ganga (NMCG) under Namami Gange Programme and (ii) Pali ZLD Pvt. Ltd. *Including long duration orders for Operations & Maintenance (O&M) 54 47 Q2 FY26 Q2 FY27 -12.9% • The decline in revenue during Q2 & H1 FY27 is primarily due to slow execution of certain EPC jobs. • Decline in profitability is in commensurate with decline in revenue • The outstanding order book as on September 30, 2026 stood at ₹1,452 crores that includes ₹ 1,048 crores towards O&M contracts for extended duration. REVENUE ₹ in Crores PBIT CLOSING ORDER BOOK* 109 90 H1 FY26 H1 FY27 -17.1% 2 1 Q2 FY26 Q2 FY27 13 3 H1 FY26 H1 FY27 -55.9% -81% 1,520 1,452 H1 FY26 H1 FY27 -4.5%
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SHAREHOLDING PATTERN
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SHAREHOLDING PATTERN AS ON 30 SEPTEMBER 2026 39 Total number of outstanding equity shares is 22,03,63,016 of Face Value of ₹ 1/- each 60.6% 7.5% 6.2% 20.7% 2.1% 2.0% 0.9% Promoter Group Foreign Portfolio Investors Mutual Funds + AIF Resident Individuals Corporate Bodies NRI Others Particulars 30 Sep 2026 30 Jun 2026 Promoter Group 60.6% 60.6% FPI + FII 7.5% 7.7% MF + AIF 6.2% 7.6% Resident Individuals 20.7% 19.6% Corporate Bodies 2.1% 1.8% NRIs 2.0% 2.0% Others 0.9% 0.7%
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INVESTOR CONTACT 40 Kumar Sunit Head – Investor Relations & Value Creation Tel. +91 120 430 8014 sunit@ho.trivenigroup.com ir@trivenigroup.com www.trivenigroup.com Gavin Desa/ Konpal Pali Citigate Dewe Rogerson Tel: +91 22 66451237/1291 gavin@cdr-india.com konpal@cdr-india.com Update design
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SAFE HARBOUR/LEGAL DISCLAIMER 41 Some of the statements in this presentation that are not historical facts are forward looking statements. These forward- looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry. Further, this presentation may make references to reports and publications available in the public domain. Triveni Engineering & Industries Ltd. makes no representation as to their accuracy or that the company subscribes to those views / findings.
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COMMONLY USED TERMS 42 Term Definition Alcohol Colourless liquid produced by natural fermentation of sugary feedstocks and used as an intoxicating constituent of potable spirits, industrial solvent and as fuel ASP Activated Sludge Process Bagasse Cane fibre leaving cane mill after extraction of juice B-Heavy Molasses These are molasses produced from 2nd stage (B-massecuite) pan boiling during production of sugar Bio-ethanol Ethanol used for blending in low concentration in gasoline BNR Biological Nutrient Removal BOD Biological oxygen demand Cane development Activities for improving quality and quantity of cane in sugarcane command area of factory Cane yield Cane produced per acre/hectare C-Heavy Molasses Also known as final molasses, blackstrap molasses, treacle. This is the end by-product of the processing in the sugar factory. COD Chemical oxygen demand Co-product Products of the sugar industry essentially e.g. bagasse, press cake, molasses, simultaneously produced during sugar production Co-generation Production of electricity and usable steam in same plant CSR Corporate Social Responsibility DDGS Distillers Dried Grain Solubles. A co-product of a grain ethanol facility which contains higher protein and is sold as an animal feed, poultry and swine feed. Denatured spirit Ethanol that has additives to make it poisonous, bad tasting, foul smelling or nauseating to discourage its recreational consumption. Distillation Process of separating alcohol from water via evaporation and condensation EBP Ethanol Blended Petrol. The EBP programme seeks to achieve blending of ethanol with petrol with a view to reducing pollution, conserve foreign exchange and increase value addition in the sugar industry enabling them to clear cane price arrears of farmers. EHS Environment, Health & Safety ENA Extra Neutral Alcohol. Colourless food grade alcohol without any impurity, used in alcoholic beverages.
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COMMONLY USED TERMS 43 Term Definition Fly ash Fine solid particles of ashes, dust and soot carried out from burning fuel Grain distillery Distillery producing Ethanol / Alcohol using grain as a feedstock. Starch available in grain is converted with enzymes to sugar and fermented with yeast to produce grain alcohol HAM Hybrid Annuity Model ID-FD Induced Draft/Forced Draft IMIL Indian Made Indian Liquor MEE Multi Effect Evaporator MoEF & CC Ministry of Environment, Forests & Climate Change Molasses A co-product/by-product of sugar manufacturing process used mainly for ethanol production Multi-feed distillery Distillery producing Ethanol / Alcohol using various feedstocks such as sugarcane juice/syrup, B-Heavy molasses, C-Heavy molasses, grains such as maize, surplus rice, broken rice and other damaged food grains NGT National Green Tribunal O&M Operations & Maintenance OMC Oil Marketing Companies Potable alcohol Highly purified alcohol with very neutral odor and taste Rectified spirit Alcohol of 95 concentration which is used for Industrial purpose as well as for manufacturing Potable Alcohol & Ethanol RO Reverse Osmosis SBR Sequencing Batch Reactor SLOP Slop is the concentrated spent-wash which is an effluent generated during alcohol manufacturing in distilleries, which is used as fuel in incineration boilers Steam cycle A process in which steam is generated in a boiler, produced steam is expanded through a turbine to extract mechanical work, steam is condensed into water and water is feed to the boiler to produce steam. STP Sewage Treatment Plant Sugarcane juice Juice obtained from sugarcane after crushing it in mills Sugarcane syrup Sugar solutions of higher concentration obtained after evaporating water of juice in evaporators WTP Water Treatment Plant ZLD Zero Liquid Discharge
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