BEML Ltd — Investor Presentation 2024

May 21, 2024

==> picture [152 x 17] intentionally omitted <==

==> picture [550 x 87] intentionally omitted <==

Ref: CS/SE/453	Date:21.05.2024
National Stock Exchange of India Limited Listing Compliance Department Exchange Plaza, Bandra - Kurla Complex Bandra (East), MUMBAI - 400 051 Symbol: BEML	The BSE Limited Listing Compliance Department P.J. Towers, 26thFloor, Dalal Street, MUMBAI - 400 001 Scrip Code: 500048

Dear Sir / Madam,

• Sub: Presentation & Audio recording of Analysts / Investors meet - under Regulation 30 of SEBI (LODR) Regulations 2015 – Reg

Ref: Our letter CS/SEs/450 dt. 16.05.2024

Please find enclosed herewith a copy of Presentation made at the Investors Analyst Meet hosted by Stock Broker M/s Prabhudas Lilladher on Tuesday, the 21[st] May, 2024 from 10:00 Hours to 11:00 Hours, at Mumbai.

Please find link of audio recordings of the proceeding of above-mentioned meeting:

• https://www.bemlindia.in/wp content/uploads/2024/05/REC003.mp4

Thanking you.

Yours faithfully For BEML LIMITED

Jai Gopal Digitally signed by Jai Gopal Mahajan Date: 2024.05.21 Mahajan 18:51:37 +05'30' Jai Gopal Mahajan Executive Director (Finance) Company Secretary & Compliance officer ICSI Mem No.: 12578

Encl: As above

ಪ್ರಧಾನಕಚೇರಿCorporate Office:

’ ಬಮಲಸೌಧ ’, ೨೩ / ೧ , ೪ನೇಮುಖಯರಸೆ , ಸಂಪಂಗರಾಮನಗರ , ಬಂಗಳೂರು - ೫೬೦೦೨೭ . ದೂರವಾಣಸಂಖ : + ೯೧೮೦೨೨೨೨೩೦೬೫ ಫಾಯಕೌೌಂಖ : + ೯೧೮೦೨೨೧೦೪೦೯೯ BEML Soudha, 23/1, 4th. Main, S R Nagar,Bangalore – 560027,Tel. +91 80 22963142/211, Fax. +91 80 22963142

e-mail:cs@beml.co.in @cmdbeml @BEMLHQ CIN:L35202KA1964GOI001530, GST NO. 29AAACB8433D1ZU

www.bemlindia.in

==> picture [273 x 19] intentionally omitted <==

==> picture [273 x 37] intentionally omitted <==

==> picture [273 x 37] intentionally omitted <==

==> picture [273 x 37] intentionally omitted <==

==> picture [274 x 36] intentionally omitted <==

==> picture [274 x 36] intentionally omitted <==

==> picture [274 x 36] intentionally omitted <==

==> picture [274 x 36] intentionally omitted <==

==> picture [136 x 73] intentionally omitted <==

BEML Ltd INVEStORS MEEt 21.05.2024

==> picture [274 x 17] intentionally omitted <==

==> picture [273 x 152] intentionally omitted <==

==> picture [42 x 41] intentionally omitted <==

DISCLAIMER

==> picture [63 x 36] intentionally omitted <==

Statements in this presentation describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/or other incidental factors.

2

==> picture [42 x 41] intentionally omitted <==

About BEML Limited

==> picture [63 x 36] intentionally omitted <==

==> picture [724 x 171] intentionally omitted <==

----- Start of picture text -----

Incorporated: 11 [th] May 1964
A Mini Ratna ‘Category 1’ Company under the Ministry of Defence, Govt. of India.
Serves Core Sectors of Economy: Defence & Aerospace, Coal, Mining, Steel, Cement, Power, Irrigation,
Construction, Infrastructure, Railways and Metro Transportation System.
----- End of picture text -----

==> picture [9 x 9] intentionally omitted <==

==> picture [9 x 10] intentionally omitted <==

==> picture [715 x 204] intentionally omitted <==

----- Start of picture text -----

EQUITY BASE BUSINESS GROUPS
Defence & Aerospace
19%
GoI
46% Mining &
54% Construction
Rail & Metro 43%
Others
38%
3
----- End of picture text -----

==> picture [42 x 41] intentionally omitted <==

SBU Concept – Way Forward towards Growth

==> picture [63 x 36] intentionally omitted <==

From April 1[st] , 2024, BEML reorganized into 11 Strategic Business Units (SBU) and 2 Micro SBUs.

==> picture [695 x 366] intentionally omitted <==

4

==> picture [42 x 41] intentionally omitted <==

==> picture [229 x 35] intentionally omitted <==

----- Start of picture text -----

EVOLUTION
----- End of picture text -----

==> picture [63 x 36] intentionally omitted <==

==> picture [731 x 317] intentionally omitted <==

----- Start of picture text -----

1964 1967 1986 1987 2000 2003 2014 2019 2020 2021 2022 2023
Rail Coaches High Mobility Armoured Recovery Missiles Aggregates and Airborne Introduction of AI features in Unmanned Aerial Vehicle
Vehicles Vehicles structures equipment – Initial Trial completed
India’s biggest Mining
Earth Moving BMP Transmission Metro Cars equipment Driverless Metro Rail Grinding Machine
Equipment
5
----- End of picture text -----

==> picture [42 x 41] intentionally omitted <==

PAN INDIA - NETWORK

==> picture [63 x 36] intentionally omitted <==

==> picture [590 x 378] intentionally omitted <==

----- Start of picture text -----

MANUFACTURING COMPLEXES - 4
Map not to scale
LEH REGIONAL OFFICES - 12
JAMMU DISTRICT OFFICES - 19
DEFENCE SPARES DIVISION - 2
ACTIVITY CENTRES - 7
NEW DELHI
SILAPATHAR
ITANAGAR
JODHPUR
GUWAHATI
SINGRAULI
UDAIPUR
DHANBAD
MAIHAR ASANSOL
BHOPAL BHILAI RANCHI KOLKATA
AHMEDABAD BILASPUR
SAMBALPUR
NAGPUR
BAHCHELI
CHANDRAPUR BHUBANESWAR
BENGALURU MUMBAI RAMAGUNDAM KOLAR GOLD FIELDS (KGF)
PUNE KOTHAGUNDAM
HYDERABAD VISHAKAPATNAM
HOSPET
PANJIM
MYSURU PALAKKAD
BENGALURU CHENNAI
NEYVELI
KOCHI
MADURAI
----- End of picture text -----

6

==> picture [42 x 41] intentionally omitted <==

Major Products Manufactured by BEML Limited

==> picture [63 x 36] intentionally omitted <==

DEFENCE & AEROSPACE	MINING & CONSTRUCTION	RAIL & METRO
High Mobility Vehicles (HMV) Bridge Systems Missile Launchers Radar Systems Combat Mobility Vehicles Armoured Recovery Vehicle Armoured Repair & Recovery vehicle Mine Ploughs Aggregates for Combat Vehicles Transmission Ejector & Air Cleaner Hull for Combat Vehicles 1500 HP Engine Aircraft Towing tractors Aircraft Weapon Loader Ground Support & Handling Equp. Tank Transportation Trailers Milrail Wagons Rocket Motor Casings for Missile Airborne Structure & Assemblies Construction eqpt to E-in-C, DGBR	Bull Dozers (90 – 860 FHP) Dump Trucks (35 Ton–205 Ton) Excavators (0.3 - 12 Cu.m) Shovels / Walking Dragline Water Sprinklers (28000 – 70000 Litres) Motor Graders (137, 145 & 285 HP) Loaders Pipe Layers Wheeled Dozers Tyre Handlers Under Ground Mining Equipment	Metro Cars - Delhi, Bengaluru, Jaipur, Kolkata, Mumbai (Driverless) Electrical Multiple Units Maintenance Vehicles – Diesel Electric Tower Car, Rail Grinding Machine, Catenary Maintenance Vehicle Semi high speed Vande Bharat Sleeper Train Steel and Aluminum Wagons Passenger Trains

==> picture [42 x 41] intentionally omitted <==

MAJOR ACCOMPLISHMENT

==> picture [63 x 36] intentionally omitted <==

8950 BEML High Mobility Vehicles 350 Armoured Recovery Vehicles Defence 3210 Trailers / Military Wagons 6 sets (330 Nos.) Pontoon Bridge System 33300 Mining & Construction Equipment Mining & Construction 28400 Engines (76HP – 700HP) 18000 Rail Coaches, 80 RGM and 970 EMUs Rail & Metro 1950 Metro Cars Exports ₹ 7000 Crores to 71 Countries

8

==> picture [42 x 41] intentionally omitted <==

MAJOR ACHIEVEMENTS DURING 2023-24

==> picture [63 x 36] intentionally omitted <==

• Maiden test-firing of India’s First indigenously made 1500 hp engine for Main Battle Tanks

accomplished at Mysore Complex.

• Commenced production of India’s maiden Vande Bharat sleeper trainset at Bangalore

• complex.

• Supply of India’s first indigenously designed and developed BRS21 Rope Shovel commenced

• from KGF Complex.

• Bagged order worth Rs. 3200 crore for supply of Metro cars from BMRCL.

• Successfully realized First off Structure for Launch Vehicle Mark 3 Program of Strap on Base Shroud (SBS) Assembly for ISRO.

• Trial run of metro coaches commenced through India’s first underwater river tunnel at Howrah.

==> picture [782 x 434] intentionally omitted <==

----- Start of picture text -----

Middle East
Africa No. of Equipment: 453
No. of Equipment: 409 No. of Countries : 11
Latin America
No. of Countries : 26
GLOBAL MARKET No. of Equipment: 71
No. of Countries : 04
Europe
No. of Equipment: 68
North America No. of Countries : 12
SAARC
No. of Equipment: 02
No. of Equipment: 213
No. of Countries : 02
No. of Countries : 05
Exported
1300 + Equipment to 71 countries
Asian
Defence : No. of Equipment: 102
Israel, Suriname, Honduras & Bhutan No. of Countries : 11
Railway :
Sri Lanka & Bangladesh
Mining & Construction :
Across the Globe
Export Turnover (Incl. Deemed) in ₹ Cr.
2019-20 2020-21 2021-22 2022-23 2023-24
62 463 565 830 1066 10
----- End of picture text -----

==> picture [42 x 41] intentionally omitted <==

SHARE HOLDING PATTERN

==> picture [63 x 36] intentionally omitted <==

==> picture [751 x 345] intentionally omitted <==

----- Start of picture text -----

As on As on
Category
31.03.2024 31.03.2023
Government of India 54.03% 54.03%
Mutual Funds 16.34% 17.75%
Resident Individuals 14.98% 15.95%
-
Foreign Portfolio CORP 9.51% 5.45%
46% 54%
Bodies Corporates 1.44% 2.42%
Qualified Institutional Buyer 1.26% 1.45%
-
Non Resident Indians 0.66% 0.89%
H U F 0.59% 0.54%
Alternative Investment Fund 0.19% 0.52%
Trusts 0.06% 0.45%
Non Resident Indian Non Repartriable 0.34% 0.35%
IEPF 0.18% 0.17%
Clearing Members 0.42% 0.04%
GoI Others
Total 100.00% 100.00%
----- End of picture text -----

11

PARTICULARS Unit 2020-21 2021-22 2022-23 2023-24 Market Capitalization Rs. Cr. 5228 7566 5235 13255 Share Price (as on end period) Rs. 1255 1817 1257 3183 Net Worth Rs. Cr. 2224 2307 2395 2643 Working Capital Rs. Cr. 2774 2822 2480 2773 Manpower No. 6053 5573 5197 4888 EBITDA % % 5.63% 7.40% 9.97% 11.98% R&D Exp Rs. Cr. 133 103 75 87 R&D Exp as % of Sales % 3.73% 2.48% 1.95% 2.19% Sales from R&D Developed products % 69% 88% 76% 87% Sales on Competition Mode % % 74% 71% 73% 76% Outsourcing as % of VoP % 49% 51% 48% 50% Procurement from MSME to total domestic procurement % 30% 32% 32% 31% CSR as % of PBT % 4% 3% 4% 3% Green Energy for Captive Consumption % 94% 85% 91% 98% KEY HIGHLIGHTS 12

==> picture [42 x 41] intentionally omitted <==

==> picture [598 x 415] intentionally omitted <==

----- Start of picture text -----

REVENUE FROM OPERATIONS
₹ Crs.
5000
4337
4054
3899
4000
1441
33% 1059 27% 38%
1551
3000
914 21% 908 23%
19%
763
2000
1000 1982 1932
1740
46% 50% 43%
0
2021-22 2022-23 2023-24
M&C DEF R&M
----- End of picture text -----

==> picture [63 x 36] intentionally omitted <==

13

==> picture [42 x 41] intentionally omitted <==

VALUE OF PRODUCTION

==> picture [598 x 383] intentionally omitted <==

----- Start of picture text -----

₹ Crs.
5000
3993 4056
3802
4000
1246 31% 1440 35%
1165
31%
3000
25%
994 797 21% 856 21%
2000
1000 1753 44% 1840 48% 1760 43%
0
2021-22 2022-23 2023-24
M&C DEF R&M
----- End of picture text -----

==> picture [63 x 36] intentionally omitted <==

14

==> picture [42 x 41] intentionally omitted <==

==> picture [580 x 408] intentionally omitted <==

----- Start of picture text -----

ORDER BOOK
₹ Crs.
14000
11872
12000
9192
10000
8570
8000
6000
4000
2000
0
2021-22 2022-23 2023-24
----- End of picture text -----

==> picture [63 x 36] intentionally omitted <==

15

==> picture [42 x 41] intentionally omitted <==

==> picture [63 x 36] intentionally omitted <==

Gross Margin

==> picture [729 x 318] intentionally omitted <==

----- Start of picture text -----

600
486
500
389
400 321 25%
300
21%
200
PAT
100
0
300 283
2021-22 2022-23 2023-24
250
78%
200
159
135
150
18%
100
50
0
2021-22 2022-23 2023-24
₹ Crs.
₹ Crs.
----- End of picture text -----

16

==> picture [42 x 41] intentionally omitted <==

==> picture [63 x 36] intentionally omitted <==

VoP per Employee (₹ in Lakh)

==> picture [705 x 315] intentionally omitted <==

----- Start of picture text -----

90 83
72 73
75
14%
60
1%
45 Manpower
30
6000 5573
5197
15
4888
5000
0
4000 7%
2021-22 2022-23 2023-24
6%
3000
2000
1000
0
2021-22 2022-23 2023-24
----- End of picture text -----

17

==> picture [42 x 41] intentionally omitted <==

==> picture [63 x 36] intentionally omitted <==

Collection

==> picture [354 x 186] intentionally omitted <==

----- Start of picture text -----

6000
5000 4805 4656 4768
4000
3000
2000
1000
0
2021-22 2022-23 2023-24
₹ Crs.
----- End of picture text -----

==> picture [361 x 223] intentionally omitted <==

----- Start of picture text -----

DEBTORS
2100
1861
1800
1439
1500
1237
1200
900
600
300
0
2021-22 2022-23 2023-24
₹ Crs.
----- End of picture text -----

18

==> picture [42 x 41] intentionally omitted <==

Inventory

Employee Cost

==> picture [63 x 36] intentionally omitted <==

==> picture [671 x 181] intentionally omitted <==

----- Start of picture text -----

2500 1000
2256
2073 2061 858 840 822
2000 800
1500 600
1000 400
500 200
0 0
2021-22 2022-23 2023-24 2021-22 2022-23 2023-24
₹ Crs.
----- End of picture text -----

==> picture [105 x 15] intentionally omitted <==

----- Start of picture text -----

Finance Cost
----- End of picture text -----

==> picture [348 x 165] intentionally omitted <==

----- Start of picture text -----

60
49
50 46
39
40
30
20
10
0
2021-22 2022-23 2023-24
₹ Crs.
----- End of picture text -----

19

Bangalore Complex

Truck Division, Mysuru

==> picture [250 x 152] intentionally omitted <==

----- Start of picture text -----

Palakkad Complex
----- End of picture text -----

Earth Moving Division, KGF

Engine Division, Mysuru

R&D Centre, KGF

==> picture [73 x 61] intentionally omitted <==

==> picture [104 x 59] intentionally omitted <==

==> picture [292 x 85] intentionally omitted <==

----- Start of picture text -----

ध�वाद
----- End of picture text -----

20