Band Box House, 4th Floor, 254 D, Dr Annie Besant Road, Worli, Mumbai 400 030, India. T : +91 22 6654 4000 F : +91 22 6654 4001 www.bluestarindia.com

August 5, 2021

BLUE STAR

National Stock Exchange of India Limited
Exchange Plaza, C-1, Block G,
Sandra Kurla Complex, Sandra (East),
Mumbai -400 051

NSE Symbol: BLUESTARCO

Dear Sir/Madam,

Sub: Investor Presentation - Q1 FY22

Pursuant to Regulation 30 (6) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the "Listing Regulations") read with Part A of Schedule Ill of the Listing Regulations, we are enclosing herewith the Investors' Presentation for 01 FY22.

Pursuant to Regulation 46(2)(0) of the Listing Regulations, the aforesaid information is also being made available on the website of the Company at www.bluestarindia.com

Thanking you, Yours faithfully, For Blue Star Limited

Neeraj Basur Group Chief Financial Officer and Company Secretary

Encl: a/a

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Registered Office: Kasturi Buildings, Mohan T Advani Chowk, Jamshedji Tata Road, Mumbai 400 020, India. T: +91 22 6665 4000 F: +91 22 6665 4152. CIN: L 28920MH1949PLC 006870

Blue Star Limited Investor Presentation – Q1FY22

August 5, 2021

About Blue Star

India's leading air-conditioning, commercial refrigeration and MEP contracting company
Total Revenue from Operations: ~ Rs. 4264 crores
Employee Strength: 2650
5 manufacturing facilities; 32 offices; ~3700 channel partners
Presence in 18 international markets in the Middle East, Africa, SAARC and ASEAN regions
Comprehensive solutions for corporate, commercial, residential customers
Winner of the prestigious Golden Peacock Award for Excellence in Corporate Governance, for two years in a row (2019 & 2020)
Winner of the prestigious Golden Peacock Award for Corporate Ethics, 2019
Winner of ICSI Best Governed Company (Listed Company : Medium Category) – 2019 award. 2

Blue Star – Vision & Credo

Vision :

"To dream, to strive, to care and, above all to be the best in everything we do. "

Credo :

"I am Blue Star. I take pride in delivering a worldclass customer experience. "

Governance Structure

Chairmen Emeriti

Ashok M Advani

Suneel M Advani

Board of Directors

Shailesh Haribhakti Chairman

Anil Harish Independent Director

Vir S Advani Vice Chairman & Managing Director

B Thiagarajan Managing Director

Sam Balsara Independent Director

Rumjhum Chatterjee Independent Director

Arvind K Singhal Independent Director

Rajiv R Lulla Non-Executive Director

Sunaina Murthy Non-Executive Director

Dinesh Vaswani Non-Executive Director

Business Segments

Segment I Electro-Mechanical Projects and Commercial Air Conditioning Systems

Electro-Mechanical Projects

• Design, engineering, procurement and execution of MEP projects in buildings (including Airports), factories (including Data centres) and infrastructure (Metro rail) segments

Large central air conditioning & ventilation projects
Electrical projects
Plumbing projects
Fire-fighting projects
Mechanical EPC projects in large Industrial sector & Electrical EPC projects for Electrical substations
Our Value Proposition

Superior project delivery through intelligent engineering, modern execution practices, and committed teams

• Winner of 'MEP Contractor of the year' in 2020

Commercial Air Conditioning Systems

Complete range of energy-efficient Packaged and Ducted split air conditioners
Innovative New range of Packaged & Ducted Split air conditioners with Virus Deactivation Technology(VDT)
Innovative new generation Inverter ducted system
VRF V Plus, the fifth generation VRF designed for Indian conditions and higher efficiency
Highly Energy Efficient Water Cooled VRF
Highly Channelized Business 525 dealers in 175 towns

Commercial Air Conditioning Systems

Highly efficient 5 Star rated Configured Oil Free chillers
Mix and Match Configured Series- Air-Cooled and Water-Cooled Screw chillers
Energy-efficient 5 Star VFD Screw Chillers
Energy-efficient 3 Star Inverter scroll chillers
Process chillers for industrial and noncomfort cooling applications
Wide range of Centrifugal Chillers from 350 TR to 4000 TR

Commercial Air Conditioning Systems

• Large Capacity Mix and Match Configured Series-Screw chillers

• 5 th Generation Side discharge VRF

After Sales Service

India's largest air conditioning and refrigeration service provider
Maintaining around 2 million tonnes of air conditioning and refrigeration equipment
Backed by our value proposition "Gold Standard service delivery", we extensively expanded our service reach to Tier 2, 3 & 4 towns and are currently handling 3900 towns with > 1.2 million service calls a year
Focus on Same day installation for 90% jobs; response time of 3 hours and turnaround time of 18 hours
State of the art 'Remote Monitoring Centre' at Thane
ISO 9001-2015 and ISO 45001 certified
Accreditations from TAB, NEBB, CMVP, IAQ and NADCA
Offers Engineering Facility Management covering operation and maintenance services for electro-mechanical utilities

International Business

Headquartered and managed by the Company's wholly owned subsidiary at Dubai.
Offers Air Conditioning and Refrigeration products, after-sales service as well as system integration in global markets.
Product portfolio includes Unitary products, DX Commercial, refrigeration and Applied systems products.
Focus on building a larger international footprint by enhancing reach of distributors, channel associates.
International projects managed by the Company's joint ventures at Qatar and Malaysia.
State–of-the–art exclusive showroom at Dubai. Displays a complete range of our latest energy efficient products for the Middle East.

Some of our prestigious projects

Gift City

Bangalore Metro

Tata Power - HT Substation Tata Steel

Chhatrapati Shivaji International Airport-T2

Parliament House

Some of our prestigious international projects

HVAC works in Doha Live, Qatar Al Bayt International Stadium

PAVILLION 2, BUKIT JALIL MALL, Malaysia HOSPITAL CYBERJAYA, Malaysia

Segment II Unitary Products

Room Air Conditioners

• Installed base of over two million units.

Products available in 7000 outlets in more than 650 locations across the country.
Focus on inverter technology, energy efficient products and ACs with purification technologies.
Focus on residential as well as corporate and commercial customers
Aesthetics and low noise make our products widely recommended by interior designers
Higher quality consistent performance under various Indian conditions

Low penetrated market and growing middle class purchasing power offer immense opportunity for growth…

Blue Star Market Share (%)

Commercial Refrigeration Products

Wide range of commercial refrigeration equipment
Market leader in most of the segments
Products having latest technology with innovative features:
- Deep Freezers
- Bottle Coolers
- Visi Coolers/Freezers
- Storage Water Coolers/Dispensers
- Bottled Water Dispensers
- Ice Cubers/Flakers
- Cold Rooms
- Commercial Kitchen Refrigeration
- Medical Refrigeration
- Supermarket Refrigeration
Launched 'Vaccine Transporters' and 'Ice Lined Refrigerators' to support the covid vaccination program 18

Water Purifiers

Comprehensive range of stylish value for money as well as premium and differentiated range of RO+UV+UF products across price points from Rs 7,900 to Rs 34,900
Unique features such as cold and hot water, filter change alerts, aqua taste boosters and electronic dispensing
Available in over 450 towns with ~200 channel partners and 3000 retail points
Won the Water Digest Awards 2019 for 'Best Domestic RO+UV Purifier' in the country for the third time in a row

Manufacturing Facilities

5 State of the art Automated Factories

Kala Amb – Village Ogli (HP)

20 Kala Amb - Rampur Jattan (HP)

Manufacturing Facilities

Specialise in manufacturing a variety of highly engineered and custombuilt products.
Manufacturing footprint of 1 lakh square meter.
Over 300 models manufactured across 25 product lines.
Lean manufacturing and world-class practices.
Green Building initiative Wada factory certified 'Green factory' Gold category from IGBC and Solar plant installed at Dadra.
Capacity expansion underway in line with growth.
Intelligent I-Factory through application of Industry 4.0 for Real-time monitoring of assets to improve overall equipment effectiveness, Utility & Energy.
Successful implementation of Manufacturing excellence program, Blue star has now embarked upon complete process improvement

Manufacturing Facilities

Automation of processes using robots and Cobots
Using Product Life Cycle Management to improve New product Introduction process
Improved efficiency of operations through Digital Work Instruction, Augmented reality, Auto guided vehicle, Additive manufacturing, Poka Yoke, e QMS, Automatic storage & retrieval system
Usage of new edge techniques like Advance Planning & Scheduling, Business process Continuity, Virtual factory 3D simulation modelling, 3D plant layout, Predictive analytics
Product monitoring & traceability though QR Code, logistic monitoring thru specially designed sensors and remote monitoring of products like chillers
Manufacturing factories are ISO 9001-2015 & ISO 45001:2018 certified by TUV Nord

Research & Development

Department of Scientific & Industrial Research (DSIR) approved R&D facilities
Consistent investment in R&D to enhance company's product offerings and technical capabilities
Focus on energy efficient and sustainable products and technologies
High level of product development and testing capabilities with several patents for new breakthrough products
Enhanced electronics design capability for variable speed products and smart controllers
NABL (ISO-17025) accredited laboratories for performance testing of products
NABL (ISO-17025) accredited reliability and safety test facilities

Segment III Professional Electronics & Industrial Systems

Professional Electronics & Industrial Systems

• Managed by the Company's wholly owned subsidiary, Blue Star Engineering & Electronics Ltd

Lines of Business include:
- Healthcare Systems: MRI & CT Scanner
- Data Security Solutions: Payment HSM, PKI, Encryption
- Communication Systems: Satellite Test Equipment, Radio Frequency recorders
- Testing Machines: UTM, Hardness Testers, Chambers
- NDT Systems & Industrial Automation: Ultrasonic, Eddy Current Systems, X-Ray, MPI, Bagging, Truck Loading
- NDT Products: Ultrasonic, RVI, X-Ray, CT, CR, Metrology
Evolved from being only a distributor of leading global manufacturers to a high-end system integrator and value-added reseller