Rane Holdings Ltd. — Investor Presentation 2022

Oct 31, 2022

Registered Office Tel: 91 44 2811 2472 “Maithri” URL: www.ranegroup.com 132, Cathedral Road, Chennai 600 086, India. CIN: L35999TN1936PLC002202

Rane Holdings Limited

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// Online submission //

RHL / SE / 037 / 2022-23

October 31, 2022

BSE Limited National Stock Exchange of India Ltd. Listing Centre NEAPS Scrip Code: 505800 Symbol: RANEHOLDIN

Dear Sir / Madam,

Sub: Earnings Presentation - Un-Audited Financial Results for the half year ended September 30, 2022

• Ref: Our letter no(s). RHL/SE/033/2022-23 dated October 26, 2022 and RHL / SE / 034 / 2022-23 dated October 27, 2022

This is with reference to the aforementioned letters intimating Earnings Conference Call scheduled on Monday, October 31, 2022 at 14:00 hours (IST) , inter alia, to discuss the unaudited financial results for the half year ended September 30, 2022. We enclose herewith copy of the Earnings presentation proposed to be made thereat, to the analyst and investors.

The same is also being made available on the website of the Company, www.ranegroup.com.

We request you to take the above on record and note the compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR).

Thanking you.

Yours faithfully,

For Rane Holdings Limited

SIVA Digitally signed by SIVA CHANDRASEKAR CHANDRASEKARAN Date: 2022.10.31 AN 12:12:12 +05'30'

Siva Chandrasekaran Secretary

Encl: a/a

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Rane Grou p Earnings Presentation | H1 FY23

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Table of Contents

H1 FY23 Financial & Operational Performance

Rane Group Overview

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Rane Group H1FY23 Financial & Operational Performance

3

Vision and Growth Strategies

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To become the Preferred Trusted Supplier of Safety & Critical Auto Components

S t ra t e g i c p i l l a r s o f g r o w t h

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1
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Strengthen Domestic Leadership

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2
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Increased mix of International Revenues

3 Increased Focus on Aftermarket

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4
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New Technology & Product Introductions

4

Rane Group Business Drivers

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Business Drivers

› 93%+ of revenue comes from powertrain agnostic products

› Continued dominance on domestic market across major products

• › Increasing export mix for steering & linkages, valve train components and occupant safety products

• › Renewed focus on Aftermarket segment leveraging group level synergy

• › Continuous introduction of new product and new technology leveraging global partnerships and strong in-

house engineering capabilities

• › Increasing efficiencies across manufacturing facilities through operational excellence, digitalisation, etc.

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5

New Business Wins (H1 FY23)

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•
RANE
(MADRAS)
RANE BRAKE RANE ENGINE
LINING VALVE
ZF RANE RANE NSK
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RANE BRAKE LINING

RANE ENGINE VALVE

• Won orders worth Rs. 35 Cr from various customers

• Won orders worth Rs. 10 Cr from various customers

RANE NSK

ZF RANE

• Won orders worth Rs. 240 Cr for Occupant safety products

• Won orders worth Rs. 155 Cr for Steering gear products

RANE (MADRAS)

• Won Rs. 105 Cr orders from various domestic and international customers for Steering products

• Won new business worth Rs. 75 Cr for Manual Steering Column from various customers

6

We continue to target higher than the industry growth

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Industry Performance
Review (H1 FY23 )
Passenger Vehicle commercial Vehicle Farm Tractor 2-Wheeler
Production YoY Growth [#]
36% 56% 5% 20%
in %
Rane Group Sales Growth YoY
34% 71% 15% 34%
in % (India OEM)
Rane Group Revenue Split
61% 26% 7% 3%
(India OEM)
• Lower growth than the • Higher share of business • Performance is better • Better performance is
industry due to lower and higher growth with than industry due to driven by higher offtake
growth of few served served models/customers increase in power steering of valve train products
models penetration
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• Easing of semiconductor shortage drives demand from Indian PV customers

• Experiencing demand up-cycle in the CV segment

Market Commentary

• Seasonally low quarter for Farm Tractor segment

• Demand for our products remained favourable in international markets albeit growing signs of slowdown due to geo political issues and monetary tightening

• Seeing plateauing of commodity prices and expect some softening in the coming quarters

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Group Aggregate Sales (H1 FY23)

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Total Revenue (Rs cr.)

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33.0%
3,306.20
2,485.40
YoY growth
H1 FY22 H1 FY23
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• › Total Revenue increased by 33% from Rs. 2,485.4 Cr in H1 FY22 to Rs. 3,306.2 Cr in H1 FY23

• Revenue from Indian OE customers grew 36% supported by strong growth across vehicle segments

• Revenues from International customers increased 25% driven by higher off-take across products

• Revenue from Indian aftermarket segment grew 31%

Group Aggregate Sales (H1 FY23)

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BY PRODUCT (%)
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BY MARKET (%)
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BY VEHICLE SEGMENT (%)

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FT, 5
Others, 1% 2W/3W, SE
Light Metal Castings, 7%
& Others, 7
Intl Aftermarket
CV, 25
Valve Train Components, and OEM, 23
7% Steering & India OEM
Suspension, &OES, 68
Friction Materials, 9% 63%
India Aftermarket
Occupant Safety, 13% , 9
PV, 63
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RHL consolidated – Financial Performance Review (H1 FY23)

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Total Revenue (Rs cr.)
39.4%
1,704.9
1,223.1
YoY growth
H1 FY22 H1 FY23
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EBITDA (Rs cr.)
7.3%
76.8%
5.8%
124.8
YoY growth
70.6
H1 FY22 H1 FY23
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PAT (Rs cr.)
2.6%
17.8%
43.9
3.0% YoY growth
37.3
H1 FY22 H1 FY23
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• › Total Revenue increased by 39.4% from Rs. 1,223.1 Cr in H1 FY22 to Rs. 1,704.9 Cr in H1 FY23

• › EBITDA increased by 76.8% from Rs. 70.6 Cr in H1 FY22 to Rs. 124.8 Cr in H1 FY23

• EBITDA margin increased 155 bps supported by higher volumes and improved operational performance. Higher commodity prices limited the profitability improvement.

• › PAT increased by 17.8% from Rs. 37.3 Cr in H1 FY22 to Rs. 43.9 Cr in H1 FY23

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Rane (Madras) Limited

H1FY23 Financial & Operational Performance

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RML - Operational Performance Review (H1 FY23)

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Business Drivers

Business Split (H1 FY23) – RML India

• › Strong order book pipeline for Steering and Linkages products

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BY MARKET (%)
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India
Intl OEM, 26
OEM&OES,
62
India
Aftermarket,
12
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• › Financial turnaround of Light Metal Castings India business with increasing capacity utilization and operational improvements

• › Aftermarket segment primed to grow aggressively with new product introductions

Operational Highlights

• › Certified as a ‘Great Work place’ by GPTW Institute, India – for 5th consecutive year

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BY VEHICLE SEGMENT (%)
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• › Won the runner up award in Ashok Leyland's National Supplier Samrat competition in the Proprietary category

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FT, 14
Others 1
CV, 20
PV, 65
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• › Received award from Tata Motors, Pantnagar for “Energy champion of the year 2021-22”

• › Light Metal Castings India received an Award from Bosch for their performance in the export of Steering Housing Castings

• › LMCA has won the award for Excellence in Aluminum Die Casting in the category of

• 1-10 Lbs from the North American Die Casting Association (NADCA)

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RML Standalone – Financial Performance Review (H1 FY23)

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Total Revenue (Rs cr.)
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45.4%
1,038.0
713.7 YoY growth
H1 FY22 H1 FY23
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EBITDA (Rs cr.)
8.8%
67.5%
7.7%
91.7
YoY growth
54.8
H1 FY22 H1 FY23
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PAT (Rs cr.)
3.5%
194.2%
35.9
1.7% YoY growth
12.2
H1 FY22 H1 FY23
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• › Total Revenue increased by 45.4% from Rs. 713.7 Cr in H1 FY22 to Rs. 1,038.0 Cr in H1 FY23

• Sales to Indian OE customers grew 60% supported by strong demand across vehicle segments.

• Sales to International customers grew 27%. Demand from International customers remained strong.

• Sales to Indian Aftermarket customers grew 25%.

• › EBITDA increased by 67.5% from Rs. 54.8 Cr in H1 FY22 to Rs. 91.7 Cr in H1 FY23

• EBITDA margin increased by 116 bps supported by higher volumes and improved operational performance

• › PBT increased by 194.2% from Rs. 12.2 Cr in H1 FY22 to Rs. 35.9 Cr in H1 FY23

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RML Consolidated – Financial Performance Review (H1 FY23)

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Total Revenue (Rs cr.)
43.8%
1,151.0
YoY growth
800.4
H1 FY22 H1 FY23
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EBITDA (Rs cr.)
5.6%
94.5%
4.1%
64.0 YoY growth
32.9
H1 FY22 H1 FY23
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PAT (Rs cr.)
2.2%
17.5 118.4%
YoY growth
-3.2
(0.3%)
H1 FY22 H1 FY23
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• › Total Revenue increased by 43.8% from Rs. 800.4 Cr in H1 FY22 to Rs. 1,151.0 Cr in H1 FY23

• Sales of the US subsidiary grew with the improved off-take from customers. However the demand environment in the US remains challenging

• › EBITDA increased by 94.5% from Rs. 32.9 Cr in H1 FY22 to Rs. 64.0 Cr in H1 FY23

• Better operational performance and higher volumes helped improve profitability

• › PAT declined by 118.4% from Rs. 17.5 Cr in H1 FY22 to Rs. (3.2) Cr in H1 FY23

• There was a one-off income of USD 5 Mn on account of US Federal stimulus benefits in H1 FY22.

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Rane Engine Valve Limited H1FY23 Financial & Operational Performance

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REVL- Operational Performance Review (H1 FY23)

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Business Split (H1 FY23)

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BY MARKET (%)
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Business Drivers

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India
International OEM, 23 OEM&OES, 58
International
Aftermarket , 12
India
Aftermarket, 7
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• › 44% of revenue generated from EV insulated segment

• › Financial turnaround underpins

• › Higher capacity realization and new business ramp up

• › Increasing mix of exports and EV insulated segment

• › Manufacturing cost reduction

BY VEHICLE SEGMENT (%)

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CV, 14
FT, 9
PV, 28
2W/3W, SE,
49
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Operational Highlights

• › Certified as a ‘Great Work place’ by GPTW Institute, India

• › Ramp up in hollow valve production

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REVL – Financial Performance Review (H1 FY23)

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Total Revenue (Rs cr.)
35.1%
238.3
176.4 YoY growth
H1 FY22 H1 FY23
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EBITDA (Rs cr.)
4.9%
827.9%
11.6 YoY growth
0.7%
1.3
H1 FY22 H1 FY23
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PAT (Rs cr.)
-3.2
-8.9 64.5%
(1.3%)
YoY growth
(5.0%)
H1 FY22 H1 FY23
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• › Total Revenue increased by 51.3% from Rs. 176.4 Cr in H1 FY22 to Rs. 238.3 Cr in H1 FY23

• Sales to Indian OE customers grew 50% supported by strong demand across vehicle segments.

• Export Sales grew 55%. Demand from International customers remained strong.

• Sales to Indian Aftermarket customers grew 46%.

• › EBITDA increased by 827.9% from Rs. 1.3 Cr in H1 FY22 to Rs. 11.6 Cr in H1 FY23

• EBITDA margin improved by 417 bps due to improved operational performance, price recovery from customers and operational leverage on higher volume.

• › Loss reduced by 64.5% from Rs. (8.9) Cr in H1 FY22 to Rs. (3.2) Cr in H1 FY23

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Rane Brake Lining Limited

H1FY23 Financial & Operational Performance

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RBL- Operational Performance Review (H1 FY23)

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Business Split (H1 FY23)

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BY MARKET (%)
Intl OEM &
Aftermarket, 4
India
OEM&OES, 61
India
Aftermarket, 35
BY VEHICLE SEGMENT (%)
2W/3W, Rail,
FT, 1
Others, 14
CV, 31
PV, 54
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Business Drivers

• › Market leader in Passenger Vehicle segment and increased penetration in two wheeler segment

• › Dominant presence in Aftermarket segment, which accounts for 35% of sales

• › Expanding International Aftermarket business

• › Robust operational performance

Operational Highlights

• › Won Best Supplier Award in Friction category from Brakes India Pvt. Ltd.

• › Won 1st prize in National level QC Convention conducted by ACMA.

• › Certified as a ‘Great Work place’ by GPTW Institute, India – for 6th consecutive year

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RBL – Financial Performance Review (H1 FY23)

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Total Revenue (Rs cr.)

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27.9%
286.6
224.1 YoY growth
H1 FY22 H1 FY23
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EBITDA (Rs cr.)
9.2%
9.5%
23.3%
26.3
21.3 YoY growth
H1 FY22 H1 FY23
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PAT (Rs cr.)
4.3%
3.2% 71.8%
12.3
YoY growth
7.1
H1 FY22 H1 FY23
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• › Total Revenue increased by 27.9% from Rs. 224.1 Cr in H1 FY22 to Rs. 286.6 Cr in H1 FY23

• Sales to OE customer grew 36% supported by strong demand across vehicle segments

• Sales to Aftermarket customers grew 93%

• › EBITDA increased by 23.3% from Rs. 21.3 Cr in H1 FY22 to Rs. 26.3 Cr in H1 FY23

• EBITDA margin decreased by 34 bps due to higher commodity price and unfavourable mix. Higher volumes and improved operational performance helped partially mitigate the higher material cost.

• › PAT increased by 71.8% from Rs. 7.1 Cr in H1 FY22 to Rs. 12.3 Cr in H1 FY23

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ZF Rane Automotive India Private Limited H1FY23 Financial & Operational Performance

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ZRAI - Operational Performance Review (H1 FY23)

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Business Split (H1 FY23)

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BY MARKET (%)
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India
Intl OEM &
OEM&OES, 62
Aftermarket, 33
India
Aftermarket, 5
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Business Drivers

• › Market upcycle in commercial vehicle segment aids growths in steering division

• › Occupant safety division benefits from evolving safety regulation in India

• › Approved under PLI scheme for localisation of inflator and webbing

• › Introducing latest technology products from Joint Venture partner’s product portfolio

BY VEHICLE SEGMENT (%)

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CV, 42
PV, 58
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Operational Highlights

• › Certified as a ‘Great Work place’ by GPTW Institute, India

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ZF Rane Automotive India Pvt Limited (ZRAI) - Financial Performance Review (H1 FY23)

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Total Revenue (Rs cr.)
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39.9%
871.3
622.7 YoY growth
H1 FY22 H1 FY23
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EBITDA (Rs cr.)
10.0%
67.1%
8.4%
87.4
YoY growth
52.3
H1 FY22 H1 FY23
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PAT (Rs cr.)
5.0%
148..1%
2.8% 43.6
YoY growth
17.6
H1 FY22 H1 FY23
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• › Total Revenue increased by 39.9% from Rs. 622.7 Cr in H1 FY22 to Rs. 871.3 Cr in H1 FY23

• Revenue from steering gear products increased 61% supported by strong demand from commercial vehicle segment

• Revenue from occupant safety systems grew 27% supported by strong offtake on domestic served customers and export customers

• › EBITDA increased by 67.1% from Rs. 52.3 Cr in H1 FY22 to Rs. 87.4 Cr in H1 FY23

• Favourable product mix and higher volumes helped improve margins

• › PAT increased by 148.1% from Rs. 17.6 Cr in H1 FY22 to Rs. 43.6 Cr in H1 FY23

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Rane NSK Steering Systems Private Limited H1FY23 Financial & Operational Performance

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RNSS - Operational Performance Review (H1 FY23)

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Business Drivers

• › Favourable share of business with key customer

• › Strong growth for Manual Steering Column product with new product introductions

Operational Highlights

• › Operates with optimal capacity utilization

• › Guduvancherry plant won the National Award for Excellence in Energy Management - 2022" at CII 21st Energy Efficiency Summit - 2022, New Delhi.

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Business Split (H1 FY23)

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BY MARKET (%)
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India
OEM&OES, 100
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BY VEHICLE SEGMENT (%)
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CV, 10
Others, 3
PC, 87
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Rane NSK Steering Systems Private Limited (RNSS) - Financial Performance Review (H1 FY23)

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Total Revenue (Rs cr.)
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14.7%
755.0
YoY growth
658.1
H1 FY22 H1 FY23
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EBITDA (Rs cr.)
9.8%
7.9%
64.5 7.9% YoY growth
59.4
H1 FY22 H1 FY23
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PAT (Rs cr.)
3.3%
2.0%
30.3%
21.7
YoY growth
15.2
H1 FY22 H1 FY23
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• › Total Revenue increased by 14.7% from Rs. 658.1 Cr in H1 FY22 to Rs. 755.0 Cr in H1 FY23

• Manual steering column business benefitted on account of upcycle in the CV segment

• EPS business faced slower demand on served models due to semiconductor shortage

• › EBITDA decreased by 7.9% from Rs. 64.5 Cr in H1 FY22 to Rs. 59.4 Cr in H1 FY23

• Adverse product mix and increase in logistics cost impacted the profitability

• › PAT decreased by 30.3% from Rs. 21.7 Cr in H1 FY22 to Rs. 15.2 Cr in H1 FY23

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Rane Group

About Us

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Rane Group – One of the Leading Auto Ancillary Player

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GROUP SALES OF INR 5,313 CR (~USD 700 MN)

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Founded in 1929 and headquartered in Chennai, Rane Group is one of the preferred OE manufacturer and supplier for global auto majors

STEERING AND SUSPENSION SYSTEMS

Rane (Madras) Ltd ZF Rane Automotive India Pvt Ltd. Rane NSK Steering Systems Pvt Ltd.

64%

The Group serves a variety of industry segments: Passenger Vehicles, Commercial Vehicles, Farm Tractors, Two-wheelers, Three-wheelers, Railways and Stationary Engines

OCCUPANT SAFETY SYSTEMS

13%

ZF Rane Automotive India Pvt Ltd.

Manufactures Steering and Suspension systems, Friction materials, Valve train components, Occupant safety systems, Light metal casting products and provide Connected mobility solutions.

FRICTION MATERIAL COMPONENTS 09% Rane Brake Lining Ltd.

REVENUE BY MARKET (%)

REVENUE BY VEHICLE SEGMENT (%)

VALVE TRAIN COMPONENTS 07% Rane Engine Valve Ltd.

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Intl FT, 5 2W/3W, SE &
Aftermarket India OEM Others, 7
and OEM, 22 & OES, 69
CV,
26
India
Aftermarket,
9
PV, 62
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LIGHT METAL CASTING COMPONENTS

06% Rane Light Metal Castings America Rane (Madras) Lts – Light Metal

OTHERS

Rane Auto Parts 01% Rane t4u Pvt Ltd.

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Holding Structure

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Promoters Rane Holdings Ltd. (RHL) 47%

Subsidiaries

Rane (Madras) Ltd. (RML) 72% Rane Light Metal Castings Inc. (RLMCA) 100% Rane Engine Valve Ltd. (REVL) 55% Rane Brake Lining Ltd. (RBL) 50% Rane t4u Pvt. Ltd. (Rane t4u) 99%

Joint Venture/Associate

ZF Rane Automotive India Pvt. Ltd. (ZRAI) 49% ZF Rane Occupants Systems Pvt. Ltd. (ZROS) 100% Rane NSK Steering Systems Pvt. Ltd. (RNSS) 49%

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Listed

Share holding as on 30 June 2022

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Rane (Madras) Ltd. (RML)

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• Market leader in steering gear and steering linkage products in India. We have started catering to hydraulic products such as HSU and steering cylinders.

M A N U F A C T U R I N G P L A N T

• Best in class manufacturing facilities at Chennai, Mysore, Puducherry and Pant Nagar.

• End to end testing facilities in house to validate the products’ functional, endurance and environmental parameters.

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P R O D U C T S

Rudrapur Plant

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Steering Gears
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Light Metal
Steering and Light Metal Castings
Castings India
Linkage Business AMERICA Business
Business Hyderabad Plant
Bollaram Plant: Fully equipped plant
for Aluminium HPDC castings & Chennai Plant
Hydraulic Pump EPAS – Pinion machining/sub-assembly line Light Commercial vehicle, Heavy
HousingsPinion Housings & Outboard Housings Hydraulic – Outboard Sadasivapet plant for Aluminium HPDC castings Plant : Fully equipped Commercial vehicle and Utility vehicles
Manual Steering Suspension Pinion Housing Housing & machining/sub-assembly line segments
Gears Components
Puducherry Plant
Luminaries [Timing-Case ] Engine
Cover Oil Sump EPAS – Pinion
Mysore Plant
Housing
Tractor and Commercial vehicle segments,
Gear Case and Hydraulic products
Brake Housing
Steering
Linkages Hydraulic HVAC Valve
Products Battery Transmission Applications Housing
Housing Housing
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Rane Engine Valve Ltd. (REVL)

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M A N U F A C T U R I N G P L A N T

• Incepted In 1959, REVL manufactures valves and valve train components for various engine applications

• Non Automotive applications such as power generation, marine, defence, locomotive, etc.

• Comprehensive test laboratory for material characterisation, simulated test rigs and engine dynamometer test facility.

Chennai Plant

Hyderabad Plants (2)

Small Valves for 2W and PC Medium Valves for Tractors and PC Guides, Tappets

Small Valves for 2W and PC Medium Valves for PC, Industrial and CV

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P R O D U C T S
Engine Valves Valve Guides Mechanical Tappets
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Tumakuru Plant

Trichy Plant

Medium Valves for CV and Farm Tractors Large & Extra Large Valves for Industrial, Power Generation and Marine Applications

Small & medium Valves for 2W, PC and CV

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30

Rane Brake Lining Ltd. (RBL)

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• Established in 1964, RBL is a leader in Friction Products across OEM segments and supplies products to over 15 countries

• Technical collaboration with Nisshinbo Brakes Inc. and TMD Friction

• Library of widely tested and approved formulations to suit diverse market / customer requirements.

• State-of-the-art R&D center equipped with full scale inertia dynamometer, static mu-measurement and NVH study rig.

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P R O D U C T S
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Brake Linings Disc Pads Railways Brake Blocks
Commercial Vehicle
Clutch Facings Sintered Brake Pads
Brake Pads
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M A N U F A C T U R I N G P L A N T

Chennai Plant

Hyderabad Plant

Automotive Products : Brake linings, disc pads and clutch facings Railway products : Composite brake blocks

Automotive Products: Brake linings, clutch facings & sintered clutch buttons Railway products : Composite Brake Blocks

Puducherry Plant

Trichy Plant

Automotive Products: Disc Pads & Automotive Products: Disc pads, clutch Brake linings facings & CV Brake Pads Railway products : Composite Brake Blocks

31

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ZF Rane Automotive India Private Limited - Steering Gear Division (ZRAI - SGD)

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Joint venture partnership with ZF Group, Germany.

M A N U F A C T U R I N G P L A N T

Steering Gear Division

• Design, Development and Application capability for complete Hydraulic Power Steering system for all vehicles.

• Advanced design tools for 3D modeling, simulation, FE analysis and CFD.

• State-of-the-art testing facilities for strength, environment, noise, fatigue and durability tests to meet global standards

Occupant Safety Division

Rudrapur Plant

• Product range includes different types of airbags and latest seatbelt technologies, Retractor and Anchor pretensioners, Emergency Locking Retractor (ELR), Load Limiters, Child Restraint Seat Belt, Driver Airbag, Passenger Airbag, Side Airbag and Curtain Airbags.

Steering Gears and Pumps

• Extensive testing facilities for seat belts include Extraction and Retraction Force Testing Machine, Retractor Durability Tester, Hot & Cold Chamber, Salt spray chamber, ELR functional tester.

Chennai Plant (3)

• Equipped with Test lab to carry out testing as per National (IS/AIS), International (ECE/EEC/GS/VSCC), customer specifications and COP testing

Pump and Power Rack & Pinion division, Occupant Safety Products

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P R O D U C T S

Tiruchirapally Plant (2)

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Occupant Safety Division
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Steering Gear Division
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Fully integrated gear, Occupant Safety Products

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32

Rane NSK Steering Systems Private Limited (RNSS)

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• Joint venture partnership with NSK, Japan.

• State-of-art R&D test lab for validation of steering columns.

• Manufacturing facilities across four locations in Chennai, Bawal, Rudrapur & Ahmedabad.

• Design & Development capability for solid & energy absorbing columns. Development and application capability for EPS.

• Driver comfort, Passenger safety, Ergonomics and NVH requirements are kept as targets while designing steering system.

• Comprehensive test laboratory for extensive research about column performance characteristic validation, strength and durability validation and NVH requirements.

• Design team includes CAD & CAM application experts and software analysts.

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P R O D U C T S

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M A N U F A C T U R I N G P L A N T

Rudrapur Plant

Bawal Plant

Manual Steering Columns

Electronic Power Steering

Gujarat Plant

Electronic Power Steering

Chennai Plant

Manual Steering Columns

33

Rane Group Product Range for Passenger Vehicle

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

Light Metal Casting Products Rane (Madras)
Valve train Components
› Manual Steering
Pinion Housing Gears
› Steering Linkages
Engine Timing Case Cover
› Suspension
Engine Valves
Components
Outboard Housing
› Light Metal Casting
Products
Occupant Safety Systems
Steering & Suspension Systems
Rane Engine Valve
Suspension Seat Belts › Engine Valves
Ball Joint
Airbags
Outer Rane Brake Lining
Ball Joint › Brake Linings
Inner Friction Materials › Disc Pads
Ball Joint
Brake Lining
Power Rane NSK Steering
Steering Pump Systems
› Electric Power
Disc Pad
Steering Systems
Rack & Pinion steering gear
ZF Rane Automotive
-Mechanical
India Pvt Ltd.
-
Hydraulic
› Hydraulic Power
Upper Control Arm
Steering systems
Electric Power
› Seat Belts
Steering Columns Stabilizer Link
› Airbags
Lower Control Arm
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Rane Group Product Range for Commercial Vehicle

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Rane (Madras)
Steering & Suspension Systems Light Metal Casting Products › Manual Steering
Gears
Hydraulic Pump Housing › Steering Linkages
› Hydraulic Cylinders
Manual Steering
Column › Light Metal Casting
Products
Occupant Safety Systems Rane Engine Valve
Power Steering
Gear Seat Belts › Engine Valves
› Valve Guides
Power Steering
Pump Friction Materials
Rane Brake Lining
Brake Lining
Manual RCB › Brake Linings
Steering Gear › Brake Pads
Disc Pad
Drag Link Assembly Rane NSK
Steering Systems
› Manual Steering
Tie Rod Assembly Valve train Components Column
ZF Rane Automotive
Hydraulic Cylinder
Valve Guides India Pvt Ltd.
(Twin/multi front axle
trucks) › Hydraulic Power
Steering Systems
Engine Valves › Seat Belts
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Rane Group Product Range for Farm Tractors

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Steering & Suspension Systems Friction Materials Rane (Madras)
› Manual Steering
Clutch Facings Gears
Manual Steering › Steering Linkages
Column Brake Lining › Hydraulic Cylinders
Manual RCB
› Hydrostatic Steering
Steering Gear Unit
Light Metal Casting Products › Light Metal Casting
Products
Timing Case Covers
Hydrostatic
Rane Engine Valve
Steering Unit
› Engine Valves
› Valve Guides
Power Steering
Gear
Rane Brake Lining
› Brake Linings
› Clutch Facings
Drag Link Assembly
Rane NSK
Tie Rod Assembly Steering Systems
Valve train components › Manual Steering
Column
Hydraulic
Cylinder ZF Rane Automotive
Valve Guides India Pvt Ltd.
Engine Valves › Hydraulic Power
Steering systems
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36

Rane Group Product Range for Two/Three-Wheeler

Friction Materials

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Disc pad

Rane (Madras)

• › Light Metal Casting Products

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Light Metal Casting Products

Battery Box & Cover

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Rane Brake Lining

• › Disc Pads

Rane Engine Valve

• › Engine Valves › Valve Guides

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Valve train Components
Valve Guides
Engine Valves
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Rane Group Product Range for Other Applications

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Friction Materials

Sintered Brake Pads

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Railway Brake Block
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Steering & Suspension Systems

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Engine Valves Valve Guides
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Manual Steering column
Rack & Pinion steering gear
-Mechanical
Stabilizer link
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Valve train Components
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Friction Materials
Disc pad
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• Rane (Madras) › Manual Steering Gears

• › Steering Linkages › Light Metal Casting Products

• Rane Engine Valve › Engine Valves › Valve Guides Rane Brake Lining › Sintered Brake Pads

• › Railway Brake Block

• Rane NSK Steering Systems › Manual Steering Column

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Our Illustrious Journey

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An illustrious journey of over 80 years from distributor of automobile and auto components to winner of Deming prize for manufacturing

• Distribution Manufacturing Collaboration Operational Excellence Expanding Horizons

• 1929 - 1958 1959 - 1986 1987 - 2000 2000 - 2014 2015 onwards

• › 1929 - Founded as a › Started › Established JV with › TQM Journey with › Established Rane distributor of manufacturing IC TRW (currently ZF) Deming Grand Prize Auto Parts automobiles and Engine Valves, Tie and NSK to offer for 3 companies and › Expanded footprint

• spare parts Rod Ends, Friction power steering Deming Prize for in USA with the

• Material Products systems, occupant 5 companies

• › 1936 - Incorporated acquisition of and Manual restraint systems and

• as a Public Ltd. › Started Precision Die Steering Gears energy absorbing

• Company manufacturing high Casting, Inc. steering columns pressure aluminium › Acquired Rane t4u

• die cast products, Pvt. Ltd. , Bengaluru

• electric power steering and airbags

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Global Footprint

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Canada
Poland Russia
Germany Slovakia
UK Czech Republic
Belgium Hungary
Austria
France
USA Novi, MI Spain Romania
Italy
Portugal Turkey China
Japan
Russellville, KY Qatar S. Korea
Bhutan
Morocco Nepal
Bangladesh
Mexico
UAE
India
Saudi Arabia
Singapore, Malaysia & Thailand
Serve customers Sri Lanka
30+
in 30+ countries
Kenya Indonesia
Manufacturing Brazil Malawi
26 locations across
India and USA
Australia
South Africa
Customer Manufacturing Sales
Locations Locations Offices
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Rane Aftermarket Business

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Increasing Group’s brand presence in aftermarket through enhanced product portfolio and wider market reach

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In house R&D & Technology Partnership

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Strong CAE Capabilities – Design, Analysis & Simulation Software

230[R&D Engineers]

42 Functional Test Rigs 26 Strength Test Rigs

62 Durability Test Rigs 33 Environmental Test Rigs

10 Noise Test Rigs

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Hydraulic Power Steering Systems and Occupant Safety Systems

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Energy Absorbing Steering Columns and Electric Power Steering

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Brake Linings, Discs Pads and Clutch Facings

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We create and deliver value to our customers

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Passenger Vehicle

Commercial Vehicle

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Other Applications

Farm Tractor Two/Three-Wheeler

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43

Awards and Accolades are testimony to our resolve for Excellence

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‘Customer at the core’ remains our priority on the goal to sustainable growth and profitability

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Rane(Madras)	Rane(Madras)	RaneBrake Lining	RaneBrake Lining
Customer	Award Category	Customer	Award Category
Volvo Eicher	New Product Development Award	Brakes India	Best Supplier - Friction
Nexteer TAFE	Perfect Quality Award Best Supplier & Benchmark	Ashok Leyland	After Market Support Award
	Award
Maruti Suzuki	Superior Performance Award,	Foundation Brake	Business Excellence Award
	Special Support
SML Isuzu	New Product Development		Gold Award for Quality
	Award	Endurance	Best Benchmark Award,
Tata Motors	Award for Exceptional Support,		Best Supplier Award
	Best Supplier – Demand
	Fulfillment
Toyota Industries	Best Target Achieved Supplier
	Award

Rane Group

Customer	Award Category
Mahindra & Mahindra	Business Partner of the year
	– Automotive Division

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Rane Engine Valve

Rane NSK

ZF Rane

Customer Award Category Customer Award Category Customer Award Category Quality & Customer Best Performance in Business Efforts in Vendor Import Groupe Renault Ashok Leyland Maruti Suzuki Satisfaction Alignment-Gold Localisation John Deere India Quality Appreciation Award Isuzu Motors Most Improved Supplier Award Award for best reduction in Honda Cars Volvo Eicher Quality & Delivery excellence Tata Motors Best Supplier Award, Efficiency CO2 Award, Best in Class Award Renault Nissan Quality & Customer Volvo Eicher Best Supplier in NPD, Supply Volvo Eicher Kata Award Satisfaction Chain Hyundai Appreciation Award Daimler India Quality Appreciation Award Cummins India Superior Quality Award Renault Nissan Best Supplier in Field Quality

44

Expanding Horizons – Customers

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Rane Approach Rane Credentials

Rane Values

• › Build strong › Modern manufacturing facilities › Technology collaboration connections with with TS 16949 certification with top global players customers to understand their › State-of-the-art product challenges development and validation capabilities ZF Group, Germany

• › Strategic Hydraulic Power Steering Systems investments to › Deming Grand Prize for and Occupant Safety Systems improve quality 3 Rane companies and productivity › Deming Prize for 5 Rane NSK, Japan

• › TQM way of companies Energy Absorbing Steering Columns working and Electric Power Steering

• › Provide superior › Build strong products and connections with maintain market customers to leadership understand their challenges

• › Pursue excellence › Strategic

• › Achieve the highest investments to standard of ethics improve quality and integrity and productivity

NSK, Japan Energy Absorbing Steering Columns and Electric Power Steering

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• › Emphasis on ‘Firsttime right’ policy

Nisshinbo Brake Inc., Japan Brake Linings, Disc Pads and Clutch Facings

LONG TERM PARTNER OF CHOICE TO LEADING AUTOMOTIVE COMPANIES AND TIER 1 SUPPLIERS

Value Proposition

• › Superior products driven by execution excellence

• › Trusted partner with shorter development lead times

• › Agile manufacturing process and scalable facilities

• › Provide system-level solutions with deep understanding of customer needs

• › With enhanced R&D capabilities, we provide lightweighting, improved safety and performance

45

Expanding Horizons – Employees

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An exciting workplace founded on the principles of values, fairness and transparency that:

Encourages learning

Provides challenging assignments

Enhances career opportunities

• › Organisation Development Excellence Award for the exceptional practices on Leadership Development by Transcendence, Tata Institute of Social Sciences (TISS), 2019

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Certified as a Great Workplace by the Great Place to Work institute, 2022

• › Recognized by International Federation of Training and Development Organizations in Best HRD practice category, 2018

• › Award for Talent Management from the Employer Branding institute, Singapore, 2012 & 2014

• › Significant Achievement in HR Excellence , CII, 2012

Systems approach to deliver H&S to our employees

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Emergency Preparedness & Policies & Procedures Response

Legal & Compliance

Organizational Structure Audit Structure and Communication

Risk Reduction Training

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Expanding Horizons – Society

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• › Rane Foundation (RF) is a public charitable trust founded by Rane’s promoters in the year 1967

• › RF is the main arm for Rane’s Corporate Social Responsibility (CSR) initiatives and is exclusively funded by the Rane companies

• › Initiatives are focused on education, healthcare, environment and community development

Rane Polytechnic

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Rane Vidyalaya
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Education

• › Institution Development - Rane Polytechnic, Rane Vidyalaya

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› Vocational Training
& Skill Development
› Awareness
programs
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Healthcare

• › Nutrition program

• › Health camps › Medical infrastructure & aid

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Environment

• › Plantation drives

• › Infrastructure for sustainability

• › Natural resource preservation

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Community Development

• › Providing amenities & sanitation

• › Improving quality of life

• › Rural infrastructure development program

47

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Thank You

For further information, please contact:

investorservices@ranegroup.com or diwakar.pingle@in.ey.com

Rane Corporate Centre

“Maithri" 132, Cathedral Road,

Chennai - 600 086, India www.ranegroup.com

48

Glossary of Abbreviations

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Abbreviation	Expanasion	Abbreviation	Expanasion
ACMA	Automotive Component Manufacturers Association	PBT	Profit Before Tax
bps	Basis point, 100 bps equal to 1%	PC	Passenger Car
BV	Book Value per share	PLE	Production Linked Incentive
Cr	Crores	PPM	Parts Per Million
CV	Commercial Vehicle	Pvt	Private
DPS	Dividend per share	H1	Half Year 1
EBITDA	Earnings Before Interest, Tax, Depreciation and Amortization	SE	Station Engine
FT	Farm Tractors	Rane T4U	Rane T4U Pvt Limited
FY	Financial Year	REVL	Rane Engine Valve Limited
GPTW	Greate Place To Work	RHL	Rane Holdings Limited
HR	Human Resource	RLMCA	Rane Light Metal Casting Inc
Intl	International	RML	Rane (Madras) Limited
JV	Joint Venture	RNSS	Rane NSK Steering Systems Pvt Limited
LCV	Light Commercial Vehicles	SCV	Small Commercial Vehicles
Ltd	Limited	SIAM	Society of Indian Automobile Manufacturers
M&HCV	Medium & Heavy Commercial Vehicles	US	United States
Mn	Million	USD	United States Dollar
MPV	Multi Purpose Vehicles	UV	Utility Vehicle
MUV	Multi Utility Vehicles	VRS	Voluntary Retirement Scheme
NPD	New Product Development	YoY	Year-on-Year
OE	Original Equipment	YTD	Year To Date
OEM	Original Equipment Manufacturer	ZRAI	ZF Rane Automotive India Pvt limited
OES	Original Equipment Supplier		(Formely knowns Rane TRW Steering Systems Pvt Ltd)
PAT	Profit After Tax	ZROS	ZF Rane Occupants Systems Pvt Ltd.
		2W/3W	Two Wheeler/Three Wheeler

49

Disclaimer

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This presentation may contain certain forward looking statements concerning Rane’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but not limited to risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and the target countries for exports, ability to attract and retain highly skilled professionals, government policies and action with respect to investments, fiscal deficits, regulations etc., interest and other fiscal costs in the The does not undertake to generally prevailing economy. company make announcement in case of these forward statement become any any looking materially incorrect in future or forward statements made from time to time or on update any looking by behalf of the Company.

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