Sterlite Technologies Limited. - Investor Presentation 2021

www.stl.tech

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December 13, 2021

National Stock Exchange of India Limited

BSE Limited

Exchange Plaza, 5[th] Floor, Plot No. C‐1, G Block, Bandra Kurla Complex, Bandra (East) Mumbai ‐ 400 051.

Phirozee Jeejeebhoy Towers, Dalal Street, Mumbai ‐ 400 001.

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Sub: Intimation of Schedule of Analyst/ Institutional Investor Meetings

Ref.: Scrip ID ‐ STLTECH/ Scrip Code – 532374

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Dear Sir/Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the details of proposed schedule of Analyst/Institutional Investor meeting(s) is as follows:

	Date	Name of the analyst / Institutional Investor	Venue of the Meeting	Type of the Meeting
	December 13, 2021	Baring Asset Management	Virtual Meeting hosted by UBS Securities	One on One

Note:

1. Dates of aforesaid meeting(s)/call(s) are subject to change due to exigencies on the part of Investor/Company.

2. No Unpublished Price Sensitive Information will be shared during the meeting(s).

3. The copy of the presentation for the meeting is attached.

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We request you to please take the same on record.

Thanking you.

Yours faithfully,

For Sterlite Technologies Limited

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Amit Deshpande

Corporate General Counsel & Company Secretary

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Sterlite Technologies Limited Godrej Millennium, 9 Koregoan Road, Pune 411001, Maharashtra, India Registered office: E1, MIDC Industrial Area, Aurangabad - 431 136, Maharashtra, India . CIN - L31300MH2000PLC69261

stl. tech

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Investor Presentation Nov.’21

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Safe Harbour

Certain words and statements in this communication concerning Sterlite Technologies Limited (“the Company”) and its prospects, and other statements relating to the Company’s expected financial position, business strategy, the future development of the Company’s operations and the general economy in India & global markets, are forward-looking statements.

Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements of the Company, or industry results, to differ materially from those expressed or implied by such forward-looking statements.

Such forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which the Company will operate in the future.

The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, changes in government policies or regulations of India and, in particular, changes relating to the administration of the Company’s industry, and changes in general economic, business and credit conditions in India.

The information contained in this presentation is only current as of its date and has not been independently verified. No express or implied representation or warranty is made as to, and no reliance should be placed on, the accuracy, fairness or completeness of the information presented or contained in this presentation. None of the Company or any of its affiliates, advisers or representatives accepts any liability whatsoever for any loss howsoever arising from any information presented or contained in this presentation. Please note that the past performance of the Company is not, and should not be considered as indicative of future results. Furthermore, no person is authorised to give any information or make any representation which is not contained in, or is inconsistent with, this presentation. Any such extraneous or inconsistent information or representation, if given or made, should not be relied upon as having been authorized by or on behalf of the Company.

The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any person of such revision or changes.

Persons should consult their own financial or tax adviser if in doubt about the treatment of the transaction for themselves.

These materials are confidential, are being given solely for your information and for your use, and may not be copied, reproduced or redistributed to any other person in any manner. The distribution of this presentation in certain jurisdictions may be restricted by law. Accordingly, any persons in possession of this presentation should inform themselves about and observe any such restrictions.

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Company
Overview
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1 2 3 4 Company Strong Industry STL’s Future STL Annexure overview tailwinds unique proposition growth levers financials

Core Business

We Integrate Digital Networks for Our Customers

Customer Segments

Cloud Citizen Large Telcos Companies Networks Enterprises

End-to-End Solutions

with LEAD 360 Optical Wireless FTTx Integration Network Modernisation Connectivity Connectivity Network + Fibre Deployment

Optical Wireless Network System
Portfolio Offerings Interconnect Access Software Integration Products Products Products Services
• Glass Preform • Virtualised RAN • Digital BSS Platforms • Network Design Services •
Unique • Optical Fibre • RAN Intelligent Controller • Network Operations Network Integration Services Capabilities • Optical and Specialty Cables • Network Orchestrator Platforms • Network O&M Services • Optical Interconnect Kits • Wi-Fi 6 • Data Centre Network • Programmable FTTx • Private Enterprise Network
© 20 2119 -202 20 Sterlite Technologies Limited

Our company in numbers

$ 386 Mn.

H1 FY22 Revenue

India (43%), EMEA (43%), America (12%), RoW (2%)

Global production facilities

50M fkm optical fibre capacity

GLOBAL FOOTPRINT

Software Development Centre

636

Innovation centres

Patents Across the network layers

India and UK System Integration Services

Zero

Waste to Landfill Shendra, Rakholi, Dadra

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SOFTWARE
DEVELOPMENT CENTRES
DATA CENTRE
FACILITY
MANUFACTURING
UNITS
SALES
OFFICES
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Customers

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1 USD = 73 INR

Driven by our purpose to transform millions of lives

ENVIRONMENTALLY RESPONSIBLE

World’s 1[st] ZWL Certified

135,000+ MT

Waste diverted from landfills and recycled. 7,500+ tCO2e

Reduced through in-plant initiatives and plantations

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SUSTAINABLE
OPERATIONS
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Committed towards UN Goals**

100%

Zero Waste to Landfill 2.39 million m3 of water recycled

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GOVERNED
WITH CARE
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Strong internal governance

Two of the Big Four

as statutory & internal auditors Executive and Management committees in place

TRANSFORMING LIVES

BIG GOALS: 5 MN BY 2025

1.84 mn+ lives impacted 50 ESG awards, 7 global

Impacting 5 mn lives
Undertaking 5 mn plantations
• Replenishing 5 mn cubic meters of water in communities

*All figures are cumulative (up to Q2 FY 22)

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1 2 3 4 Company Strong Industry STL’s Future STL Annexure overview tailwinds unique proposition growth levers financials

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At a macro level, the industry is well poised for rapid growth
01 02 03 04
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At a macro level, the industry is well poised for rapid growth

Strong Tailwinds Tech becoming Optical Demand of Massive Mainstream on growth trajectory Investment Cycle Network creators and 5G, FTTx and ORAN Demand for Optical Government / Federal technologies growing networking growing funds are investing heavily at a rapid pace on the back of these in digital infrastructure mega-trends

Telco Capex Revival in India

Telecom reforms & 5G boosting confidence and spending in the sector

x in the FTTx stands for Home/Building/Premises/DC or Node (Curb, Small Cell, Antenna, etc.)

Network creators & Governments are investing heavily in digital infrastructure

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Telcos and Cloud companies are
increasing their CapEx
Telcos
Much higher capex in 2021
and beyond
Cloud
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announce global
Data centres expansions
Data centre capex forecast by equipment category
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New capital is coming from PE funds, Governments and Enterprises

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Private Equity
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Enterprises
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Audi Ford Private 5g
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Citizen Networks

FCC allocated $9.2 bn RDOF
UK invests $6.9 bn
India lays out $ 2.4 bn
US to spend $65 bn to “future-proof” connectivity

Source : Analysys Mason, IHS Markit, Omdia

Investments are powering growth, leading to large scale 5G, FTTx, ORAN deployments

FTTx & Enterprise Networking 5G is the fastest growing is growing massively in Europe, technology India, US

ORAN commitments by leading players are rising

5G is available with over 180+ commercial networks
5G subscribers base expected to hit 2 bn. by 2023 & 4.4 bn. by 2026
Enterprise 5G market to reach around US$ 10 bn. by 2027
In Europe, FTTH/B subs is expected to double in next 6 years to 208 mn.
In India, fibre broadband subs are expected to reach 10 mn. by 2025
India’s enterprise networking market grows 14.1% in Q2 2021
Major European operators have already committed to ORAN
Telefonica has committed to 50% ORAN migration by 2025
TIM has activated ORAN in 2 cities
ORAN CAPEX will top $ 40 bn. by 2026
Pvt 5G Infrastructure market to reach US$ 5.7 bn. in 2024

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The decade long digital network creation cycle is here!

Sustained demand for optical fibre is back

Communication service providers are aggressively investing in fibre for their networks

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AT&T CEO : More fiber is the company’s top priority

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Airtel’s CAPEX to increase to US $ 5bn in FY 22

Telefonica – Alliance JV begins FTTH rollout in rural areas

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Deutsche Telekom to invest EUR 500mn in fiber, FTTH networks in Munich Orange hails stronger Q2 amidst fibre splurge Verizon President Business Markets : All the 5G nodes need fiber

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This is driving global OFC demand revival

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1.2X
610
Optical Fibre Cable
Global demand
589
In million fibre kilometres
499
480
470
2019 2020 2021E 2024E 2025E
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Evidenced by recent updates from the China market

Highest Tender Volume in China Mobile history (~143mfkm)
Cable Price has significantly increased (~58%) in this tender

Source: Industry

Source: CRU Telecom cables market outlook: estimates in Aug’21

Policy reforms and 5G are spurring capex spending in Indian telcos

AGR related:

Four-year moratorium on payment of statutory dues by telcos
Rationalization of AGR with exclusion of non-telecom revenues

Policy Initiatives by the Indian

100% FDI via automatic route approved

PLI scheme to boost domestic manufacturing

Government

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Spectrum policy changes:

Spectrum tenure hiked from 20 to 30 years
Spectrum sharing made free (SUC of 0.5% removed)

Airtel’s capex increases to $5 billion in FY22 driven by 5G spending (incl. spectrum)

Key Investments in VI plans to raise ~$1 Bn . through equity by selling minority stake to private ecosystem global PEs including Apollo global and Carlyle

Jio is developing an end to end 5G ecosystem and is planning to launch soon. Testing is in progress and has been successful

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Telco Investment revival

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We are clearly in a multi-year network build cycle across the globe

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Multi-year digital networks
build cycle
1 2 3
Continued investments to
Large Investments for 5G
Increasing FTTx penetration modernize networks by
globally
governments globally
3 investment cycles are coinciding
( 7-10 years time frame)
Covers spend across all areas – OFC & Fiber deployment, open source (O-RAN),
programmable networks (pFTTx), digital transformation of enterprises etc.
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And we are well poised to lead this decade of network creation
Total Addressable Market
$ BN
$40 bn
5 Wireless Solutions
5x 3 Network Software
14 System Integration
$ 16 bn
3
$8 bn
5 Optical Solutions
18
7.5 7.5
2015 2018 2021
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5x increase in TAM over the last 5 years Now focused on increasing market share of the higher TAM

Sources: CRU, BCG, Technavio, Grand view research, IHS markit, Omdia, STL estimates

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1 2 3 4 Company Strong Industry STL’s Future STL Annexure overview tailwinds unique proposition growth levers financials

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An end to end capability to integrate future digital networks
LARGE SCALE NETWORKS
SYSTEM INTEGRATION
10 Years Network Design & Integration Solutions
WIRELESS
OPTICAL
&
NETWORKING
SOFTWARE
Digital Network
Integrator
25 years 5 years
Extraordinary track record Strategic alliances and
Globally respected product development
Close to the Edge STL integrates
EDGE At the Edge
Seamless Wired & Wireless
CONVERGED Optical & Radio technologies
Enhanced Experience
required for the
COMPUTE Connectivity & Compute
Agile, Scalable, Agnostic new-gen digital
DISAGGREGATED Hardware & Software
network
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Large Scale System Integration expertise
LONGONG HAUL FIBRE NETWORK
Nationwide IN CITY FTTX DEPLOYMENT
for India’s largest telco
NETWORKETWORK MODERNISATIONODERNISATION for India’s telco & UK Gigabit
for Indian Navy network
RURALURAL CONNECTIVITYONNECTIVITY
for states under BharatNet
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LONGONG HAUL FIBRE NETWORK
Nationwide
for India’s largest telco
NETWORKETWORK MODERNISATIONODERNISATION
for Indian Navy
RURALURAL CONNECTIVITYONNECTIVITY
for states under BharatNet
URBAN USE CASES
for smart + safe cities
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DATA CENTER INTERCONNECT
for top hyperscalers
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25 years of experience in optical networking solutions
Optical Fibre Optical Fibre Cable Optical Interconnect pFTTx
Jiangsu
Sterlite
Metallurgica Sterlite Optotec
Aurangabad Waluj AurangabadShendraIndia Tongguang Fibre Co. Limited SilvassaRakholi BrescianaDello Conduspar Parana ItalySpA India, US
India India
Italy Brazil
Haimen-City
China
Glass Optical
Pure Optical Optical Programmable
Preform Fibre Cable
Silicon Fibre Interconnect FTTx
(Restricted Players (Cable Manufacturers <200)
(Limited Players <50)
<10)
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STL’s unique manufacturing capabilities with complete vertical integration One of the top 3 integrated fibre producers in the world

42 mn*

8 50 mn 42 mn GLOBAL FKM OPTICAL FKM OPTICAL PRODUCTION FIBRE FIBRE CABLE FACILITIES CAPACITY CAPACITY

Industry 4.0 standards

Fully automated machinery with robotic operations

Efficient supply chain

Reduced delivery times and SCM cost

Plan to reach by 2022

8 facilities include the manufacturing facility for speciality cables in Dadra, India

Cutting edge programmable wireless solutions

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Wi-Fi6 Access 5G Multi-Band Garuda RIC Solution Radio Comprehensive Open An outdoor Wi-Fi 6 radio RAN Intelligent Controller RAN (Radio Access O-RAN compliant, highly unit providing carrierused to optimize the RAN Network) radio portfolio power efficient indoor 5G class connectivity in ecosystem using 3[rd] party with indoor small cell and small cell solution dense environments xApps/rApps outdoor Macro radio units Delivered Launched Launched Development Smaller Better Lower Easier Simpler Size Cost Power Deployment Operations

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1 2 3 4 Company Strong Industry STL’s Future STL Annexure overview tailwinds right to win growth levers financials

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Three focused levers for growth

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2
Globalise
SYSTEM INTEGRATION
Take the System Integration
business global and scale in India 10 yrs of large scale ecosystem integration
Services
1 Grow 3 Build
Software pFTTxOptical ORAN
Strong wireless
business
Solutions business
OPTICAL WIRELESS
Hardware
25 yrs 5 yrs
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Grow Optical Networking Business Continued Momentum on Opticonn

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A. Fibre Optic Cable
42
•
Demand driven capacity
33 expansion of OFC from 33 mn.
fkm. to 42 mn. fkm.
18
•
Solution centers at US and UK
with an investment of Rs. 2 bn.
Pre FY22 FY22 FY23
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Solution centers at US and UK with an investment of Rs. 2 bn.

B. Optical Interconnect

Tech oriented business on the growth path and adjacent to core strength of STL - same customers, same Capex area and double the addressable market

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Opportunity to grow multifold from current attach rate of 8% to industry attach rate of 100%

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Market shift towards high value integrated (OFC + OI) solution oriented approach

STL well positioned to offer End-to-end optical solutions through

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Grow Optical Networking Business
A
Continue to gain global OFC market share
STL OFC Market share for STL OFC Market share for
Global market ex-China Europe
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10.0%
4.7%
FY16 FY17 FY18 FY19 FY20 FY21 H1 FY22
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25.7%
3.1%
FY16 FY17 FY18 FY19 FY20 FY21 H1 FY22
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Strongly positioned to further increase global market share

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B
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Grow Optical Networking Business Optical Interconnect – A customised and engineered product for Fttx and datacentres

A customized and engineered solution for fibre management and termination

As fibre networks are becoming denser, the no. of optical interconnects are increasing

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Opto-Bolt Terminals and Drop
High Density Splicing Solution
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High Density ODF Systems
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Multi Fiber Cable Assemblies
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Telcos

Data Centers

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B
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Grow Optical Networking Business Optical Interconnect - offers multi-fold growth potential

Optical Industry OI attach rate – STL and Industry view

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Large runway
ahead
Strategic
100%
investments
made by STL to
kick-start this
growth journey
8%
1%
STL Q2 FY21 STL Q2 FY22 Industry
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STL has a large runway to increase the attach rate from c. 8% to 100%

STL attach rate = STL OI revenue / STL OFC revenue Industry attach rate = OI Industry size / OFC Industry Size Sources: STL Estimates

Globalise System Integration Business Continued growth in attractive customer segments

~6X revenue growth in the last 5 years

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2016 2021
Defense & Large
Enterprises
Telecom
Companies
Defense & Large Citizen
Enterprises Networks
Data Center
Business, Europe
UK Infra
Companies
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High profile and critical E2E NW modernization projects

Deploying ~ 15,000 KM of fiber annually, growing at a CAGR of 200 % + in last 3 years

~6,500 KM of fiber being deployed annually. Huge growth potential under Bharat net Program.

Business on a growth path with marque customer base

Presence being built organically and inorganically

Having attained market leadership in India, we have embarked on global growth starting with the UK

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Globalise System Integration Business
2
Robust execution platform and early wins in the UK
New Orders wins in UK Clearcomm + STL
Our second & third win Integration completed
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Leading alternate telecom service providers in UK
• STL to deploy FTTx mantra to connect homes with
£42 Mn. broadband
Expected completion in the next 12 to 18 months
Completed Integration of Clearcomm & STL
• Combined team strength of 100+ employees along with 20+ partners on board

Traction achieved in UK underscores our globalization strategy

Build Wireless Solutions

Continued Investments in Technology, Deep Engagements with Customers

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Product Development on track

54 patents as of Q2’FY22
STL total R&D investment at 3.2% of rev. in Q2 FY22, out of which 70% is invested in developing wireless solutions
Deliver best- in-class wireless solutions for the 5G ecosystem
Disrupt the FTTX market with SDN programmable XGSPON next-gen virtualised solution

Deep customer engagements

a five multi million dollar
Bagged year, contract for supply, warranty & maintenance of 5G RAN systems
Become the market leader in RAN Intelligent Controller (RIC) software platform

• 11 early stage engagements & 14 across participation stage engagements EMEA, India, US and rest of the world

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Experienced business leadership in place to keep execution of
growth strategy on track
Optical Solutions System Integration Wireless Solutions Network Software Key Accounts
Paul Praveen Chris Raman Sandeep
Atkinson Cherian Rice Venkatraman Girotra
Chief Executive Officer, Chief Executive Officer, Chief Executive Officer, Chief Executive Officer, Global Sales Head,
STL
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Experienced business leadership in place to keep execution of growth strategy on track

Chief Executive Officer, Network Services, STL

Chief Executive Officer, Software Business, STL

Chief Executive Officer, Connectivity Solutions, STL

Chief Executive Officer, Access Solutions, STL

Deep expertise in optical space with 20 years of experience Delivered growth across business lines and geographies at Prysmian

27 years of experience in the 25 years of experience in Close to 30 years of experience Infrastructure Services industry the communication industry in the software Industry Led Hitech and Professional Led large and high growth Drove multi year technology services & alliances and Business units at strategy at partnerships at IBM AT&T TCS

25 years of experience in the communication industry Built Key Accounts and drove 10x growth at Nokia

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STL
Financials
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1 2 3 4 Company Strong Industry STL’s Future STL Annexure overview tailwinds unique proposition growth levers financials

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Delivering sustainable value for our shareholders
697 706 159
661 151
117
108
439
386
355
312 74 70
65
FY16 FY17 FY18 FY19 FY20 FY21 H1 FY22 FY16 FY17 FY18 FY19 FY20 FY21 H1 FY22
Revenue (USD Mn.) EBITDA (USD Mn.)
77 34%
30%
65
46 20% 21% 22%
38
15%
28 30 13%
21
FY16 FY 17 FY 18 FY 19 FY20 FY21 * H1 FY22 FY16 FY17 FY18 FY19 FY20 FY21 * H1 FY22
PAT (USD Mn. ) ROCE
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FY 20 PAT adjusted for exceptional item net of tax

1 USD = 73 INR

FY 21 performance not comparable because of covid related disruption

Growing order book over the years

Open Order Book (USD Mn.)

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1,574
1,441 1,473
1,375
715
413
FY17 FY18 FY19 FY20 FY21 H1 FY22
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Open Order Book Customer Segment wise

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Enterprises
16%
24%
Citizen networks 59%
Telcos
1%
Cloud
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Open Order Book Split

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O&M
22%
78%
Capex
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1 USD = 73 INR

Revenue mix is moving to segments and geographies of choice

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Customer Segments Geographical Distribution
Revenues (USD Mn.) Revenues (USD Mn.)
279 386 279 386
3% 3% 1% 2% 0% 2%
8%
11%
15%
20% 43%
52%
12%
4%
74%
66%
41% 43%
H1 FY21 H1 FY22 H1 FY21 H1 FY22
Telcos Enterprises EMEA India RoW
Citizen Networks Cloud America China
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Project execution speed is also increasing
India, Public India, Private Global Projects
NAVY’S Network UK
Modern Optical Network
Modernisation Gigabit Network
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Project Varun 99%
Completed
(Indian Navy Project):
Transformative
RURAL digital inclusion
Bharatnet Projects
99%
Mahanet
Completed
34%
T-Fibre
Completed
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Fiber roll out 62%
(Large Indian telco)
Completed
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FTTH , UK 2%
Project 1 Completed
Project 2 & 3 Started
Hyperscale Data Centers
Data Centre Projects in EMEA
Completed in Nos. Q2 FY22 44
in Nos. < CY > 21
Ongoing
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We plan to reach Rs. 100 bn. annualised run rate by Q4 FY23
Revenue Bridge ( Rs. bn. )
100
•
New portfolio <
Radio & RIC >
• adding to new
Services foray in
revenue stream in
60 Europe with
wireless solution
significant addition
to OB
• Increase in OFC •
Significant increase
volume from 28
in O&M revenue in
mn. fkm. to 42 mn.
System Integration
fkm
• Increase in OI
revenue by
increasing attach
rate from current
rate of 8%
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Annualised Grow Optical Globalise System Build Wireless Run rate at Networking Integration Solutions Q2 FY22

Annualised Run rate at Q4 FY23

We plan to reach Rs. 100 bn. annualised revenue run rate by Q4 FY23

we are transitioning from capacity focused investments to global capability & R&D investments

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Organic CAPEX
Capacity Building
Cash flow from operations Total Funds $ 237 Mn. (105% of CFO)
FY19 - 21 $ 225 Mn.
available
Inorganic Investment
Net debt/Equity increased
from 0.7 to 1.16 Increase in Net debt $ 434 Mn. $ 118 Mn. (52% of CFO)
$ 209 Mn.
Dividends & Buyback
$ 72 Mn. (30% pay-out)
Organic Investment
Global Capability Building
FY22 & 23 < $ 111 Mn.
Inorganic Investment
FY22 Onwards Total Funds Technology
Cash flow from operations available Capability
Reduce Net debt / equity Strong
Target < 0.5 Strong Dividends
30% pay-out
Decrease in
Net Debt
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1 USD = 73 INR

Committed to deliver our financial targets

Growth Revenue run rate : Rs. 100 bn. per annum by Q4 FY’23

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Capital Net debt/equity < 0.5 by Q4 FY23 Structure

Returns RoCE >20%

Financials: Abridged Version P&L (USD Mn.) Q2 FY22 Q2 FY21 H1 FY22 H1 FY21 Revenue 207 159 386 279 EBIDTA 37 29 70 47 *EBITDA %* 18% 18% 18% 17% Depreciation 10 11 20 21 EBIT 27 18 50 26 Interest 8 7 15 14 Exceptional Item 2 PBT 19 11 37 12 Tax 5 3 10 4 Net Income 15 8 30 9	Financials: Abridged Version P&L (USD Mn.) Q2 FY22 Q2 FY21 H1 FY22 H1 FY21 Revenue 207 159 386 279 EBIDTA 37 29 70 47 *EBITDA %* 18% 18% 18% 17% Depreciation 10 11 20 21 EBIT 27 18 50 26 Interest 8 7 15 14 Exceptional Item 2 PBT 19 11 37 12 Tax 5 3 10 4 Net Income 15 8 30 9	Financials: Abridged Version P&L (USD Mn.) Q2 FY22 Q2 FY21 H1 FY22 H1 FY21 Revenue 207 159 386 279 EBIDTA 37 29 70 47 *EBITDA %* 18% 18% 18% 17% Depreciation 10 11 20 21 EBIT 27 18 50 26 Interest 8 7 15 14 Exceptional Item 2 PBT 19 11 37 12 Tax 5 3 10 4 Net Income 15 8 30 9	Financials: Abridged Version P&L (USD Mn.) Q2 FY22 Q2 FY21 H1 FY22 H1 FY21 Revenue 207 159 386 279 EBIDTA 37 29 70 47 *EBITDA %* 18% 18% 18% 17% Depreciation 10 11 20 21 EBIT 27 18 50 26 Interest 8 7 15 14 Exceptional Item 2 PBT 19 11 37 12 Tax 5 3 10 4 Net Income 15 8 30 9	Financials: Abridged Version P&L (USD Mn.) Q2 FY22 Q2 FY21 H1 FY22 H1 FY21 Revenue 207 159 386 279 EBIDTA 37 29 70 47 *EBITDA %* 18% 18% 18% 17% Depreciation 10 11 20 21 EBIT 27 18 50 26 Interest 8 7 15 14 Exceptional Item 2 PBT 19 11 37 12 Tax 5 3 10 4 Net Income 15 8 30 9	Balance Sheet (USD Mn.) H1 FY22 FY21 Net Worth 297 286 Net Debt 386 330 Total 683 616 Fixed Assets 398 365 Goodwill 53 40 Net Working Capital 232 211 Total 683 616	Balance Sheet (USD Mn.) H1 FY22 FY21 Net Worth 297 286 Net Debt 386 330 Total 683 616 Fixed Assets 398 365 Goodwill 53 40 Net Working Capital 232 211 Total 683 616	Balance Sheet (USD Mn.) H1 FY22 FY21 Net Worth 297 286 Net Debt 386 330 Total 683 616 Fixed Assets 398 365 Goodwill 53 40 Net Working Capital 232 211 Total 683 616
P&L (USD Mn.)	Q2 FY22	Q2 FY21	H1 FY22	H1 FY21	Balance Sheet (USD Mn.)	H1 FY22	FY21
Revenue	207	159	386	279	Net Worth	297	286
EBIDTA	37	29	70	47
					Net Debt	386	330
*EBITDA %*	18%	18%	18%	17%
Depreciation	10	11	20	21	Total	683	616
EBIT	27	18	50	26
					Fixed Assets	398	365
Interest	8	7	15	14
Exceptional Item			2		Goodwill	53	40
PBT	19	11	37	12
					Net Working Capital	232	211
Tax	5	3	10	4
					Total	683	616
Net Income	15	8	30	9

1 USD = 73 INR

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Summary

We are in a decade long network creation cycle driven by 5G, FTTx and rural connectivity programs

Our strategy to increase market share in $40 bn. TAM on the back of three growth levers is showing results

In the optical networking business , our global OFC market share and optical interconnect attach rate is increasing

In system integration business , we have integrated Clearcomm, secured new orders in UK and are now ramping up project execution

In the wireless solutions business , we continue to invest in R&D to develop new products and engage with customers

We plan to reach Rs. 100 bn. revenue run rate by Q4 FY23 along with Net debt/equity < 0.5 and RoCE > 20%

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1 2 3 4 Company Strong Industry STL’s Future STL Annexure overview tailwinds unique proposition growth levers financials

Corporate structure and shareholding pattern

Corporate structure

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As on Sep 30th, 2021
Only Subsidiaries that are material are disclosed
45.8% 54.2%
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Shareholding pattern

Source: Company information; Karvy Shareholding Services; Data as of Sep 30th, 2021

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29.4%
Non Institutional
z
Holding 54.2%
Promoters and
Promoter Group
16.4%
Institutional
Holding
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*Balance 20% will be acquired over the next few years.

With a strong board in place

Independent Directors

Kumud Srinivasan

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(Non-Executive & Independent Director)

VP and Director of Non-Volatile Fab Manufacturing and Automation Systems at Intel Corporation
Has spent 30 years at Intel in US, leading multiple global functions, prominent ones being R&D for technology manufacturing, industrial automation and IoT for manufacturing facilities
Served as the President of Intel India from 2012 to 2016

S. Madhavan

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(Non-Executive & Independent Director)

Fellow member of institute of chartered accountants of India
Holds directorial positions in top listed companies like HCL technologies, ICICI Bank, UFO Moviez and Transport Corporation of India
Had set up a successful indirect tax practice, which got merged with PWC.
Held leadership positions for over 14 years at PWC and was instrumental in leading tax practice

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Sandip Das

(Non-Executive & Independent Director)

One of Asia’s most respected telecommunications professionals and an acclaimed Chief Executive
Ex-MD of Reliance Jio, Group-CEO, Maxis Communications and Hutchison Essar Telecom (now Vodafone), India
One of the founding members of private telephony in India and a part of the group of individuals that founded Hutchison Max Telecom in 1994

B. J Arun

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(Non-Executive & Independent Director)

Founded and led multiple successful ventures in silicon valley including California Digital, a Linux-based HPC leader and Librato, a software company
Ex CEO of July Systems - a location-based mobile management platform
Currently the Vice President of Tie Global
Remains dedicated to fostering entrepreneurship in technology community

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beyond tomorrow

AI assistant

Sterlite Technologies Limited. — Investor Presentation 2021

59411_rns_2021-12-13_bef6cb4f-ff9e-48a4-a179-f0b69f250fcd.pdf

December 13, 2021

National Stock Exchange of India Limited

BSE Limited

Sub: Intimation of Schedule of Analyst/ Institutional Investor Meetings

Ref.: Scrip ID ‐ STLTECH/ Scrip Code – 532374

Dear Sir/Madam,

Note:

Yours faithfully,

For Sterlite Technologies Limited

Amit Deshpande

Safe Harbour

We Integrate Digital Networks for Our Customers

Our company in numbers

$ 386 Mn.

H1 FY22 Revenue

Global production facilities

GLOBAL FOOTPRINT

Zero

Customers

Driven by our purpose to transform millions of lives

World’s 1[st] ZWL Certified

135,000+ MT

Committed towards UN Goals**

100%

Strong internal governance

Two of the Big Four

TRANSFORMING LIVES

BIG GOALS: 5 MN BY 2025

At a macro level, the industry is well poised for rapid growth

Network creators & Governments are investing heavily in digital infrastructure

New capital is coming from PE funds, Governments and Enterprises

Citizen Networks

Investments are powering growth, leading to large scale 5G, FTTx, ORAN deployments

The decade long digital network creation cycle is here!

Sustained demand for optical fibre is back

Policy reforms and 5G are spurring capex spending in Indian telcos

AGR related:

Policy Initiatives by the Indian

Government

Spectrum policy changes:

We are clearly in a multi-year network build cycle across the globe

5x increase in TAM over the last 5 years Now focused on increasing market share of the higher TAM

Industry 4.0 standards

Efficient supply chain

Cutting edge programmable wireless solutions

Three focused levers for growth

Grow Optical Networking Business Continued Momentum on Opticonn

B. Optical Interconnect

Strongly positioned to further increase global market share

A customized and engineered solution for fibre management and termination

Grow Optical Networking Business Optical Interconnect - offers multi-fold growth potential

Optical Industry OI attach rate – STL and Industry view

STL has a large runway to increase the attach rate from c. 8% to 100%

Globalise System Integration Business Continued growth in attractive customer segments

~6X revenue growth in the last 5 years

Having attained market leadership in India, we have embarked on global growth starting with the UK

Traction achieved in UK underscores our globalization strategy

Build Wireless Solutions

Continued Investments in Technology, Deep Engagements with Customers

Product Development on track

Deep customer engagements

Experienced business leadership in place to keep execution of growth strategy on track

Growing order book over the years

Open Order Book (USD Mn.)

Open Order Book Customer Segment wise

Open Order Book Split

Revenue mix is moving to segments and geographies of choice

Committed to deliver our financial targets

Summary

Corporate structure and shareholding pattern

Corporate structure

Shareholding pattern

With a strong board in place

Independent Directors

Kumud Srinivasan

(Non-Executive & Independent Director)

S. Madhavan

Sterlite Technologies Limited. Investor Presentation 2021