Sterlite Technologies Limited. — Investor Presentation 2021

Sep 30, 2021

www.stl.tech

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September 30, 2021

National Stock Exchange of India Limited

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

BSE Limited

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

Sub: Presentation – Investors and Analyst Meet (Virtual) – STLescope

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

Dear Sir/ Madam,

Further to our intimation dated September 28, 2021 intimating about Investors and Analyst Meet (Virtual) – STLescope which was scheduled yesterday – September 29, 2021, and pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the presentation of the same.

Kindly take the presentation on record & acknowledge receipt.

For Sterlite Technologies Limited

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Amit Deshpande

Corporate General Counsel & Company Secretary (ACS 17551)

Sterlite Technologies Limited Registered office: 4th Floor, Godrej Millennium, Koregaon Road 9, STS 12/1, Pune, Maharashtra- 411 001, India. CIN - L31300PN2000PLC202408

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Investors Meet

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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 authorized 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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© 2021-2022 Sterlite Technologies Limited

Today’s Speakers

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Chris Rice CEO – Access Solutions

A seasoned technology and business leader, Chris leads the Access Solutions business. A business unit dedicated to open networking solutions in the broadband fiber and OpenRAN 5G wireless areas. STL created key innovations and recent R&D in the access space; the goal is to productize these innovations, achieving technology and market leadership for STL.

Well-known in the technology and open networking communities, Chris brings over 25 years of telecom experience to this role. Prior to STL, he was associated with AT&T where he delivered on a multi-year technology strategy and vision for both the network and its underlying systems’ evolution. He also led AT&T’s pivot to software-defined networking (SDN), leading the teams that built the fundamental automation and platform capabilities that drove this shift.

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Mihir Modi

Chief Finance Officer

A prolific professional, Mihir has more than 20 years of experience in Finance, M&A, Strategy, and General Management. As the Chief Financial Officer of STL, Mihir is actively working towards delivering consistent shareholder value through strong financial performance, deep industry alliances and high internal efficiencies. Prior to joining STL, Mihir co-founded a contemporary digital media content company based in Mumbai. He has also worked as Chief Strategy Officer & CFO at Zee Entertainment, and also held key leadership positions at Godrej Consumer Products, Novartis Pharma and Ernst & Young.

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© 2021-2022 Sterlite Technologies Limited

Continuing from STLescope 2021

1 A decade long network creation cycle has started

Driven by 5G, FTTx and Rural Connectivity

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2 We are well poised to leverage this cycle

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With an increased TAM - Total Addressable Market of $40 bn.

3 A Focused strategy for growth With three growth levers

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Sources: Public News, Industry reports

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STL’s three focused levers for growth

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2
Globalise
SYSTEM INTEGRATION
Take System Integration
10 yrs of large scale ecosystem integration business global and scale in
India
Services
1 Grow 3 Build
Software pFTTxOptical Strong ORANAccess
business Solutions
business
OPTICAL WIRELESS
Hardware
25 yrs 5 yrs
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Today we will discuss the BUILD growth lever

1. New Era of Open Networks Staying ahead of the technology curve (5G OpenRAN & Fibre)

2. Three Core Product Areas Building new products to lead in open networking space

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3
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Build

Strong Access Solutions business

3. Key Foundational Capabilities Devising strategic initiatives based on three foundational capabilities 4. Delivering Results Robust strategy culminating into results

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New era in open networks
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New era in open networks

1. Three core 3. Key foundational 4. Delivering results 5. Q&A product areas capabilities

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Industry is shifting towards disruptive open networking solutions

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Market Challenges
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MONOLITHIC PROPRIETARY SYSTEMS

• Closed interfaces

• Vendor specific hardware

• Monolithic and proprietary

• Expensive

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Market Drivers
Market
Transformation
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OPEN SOURCE VIRTUALIZED - WEB SCALE SYSTEMS

• Standardized open interfaces

• • Programmable white boxes

• • Open, cloud native, disaggregated

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Industry Focus

Open, Disaggregated, Programmable Industry Validation

“New O-RAN (open radio access network) and vRAN (virtualized RAN) ecosystem could disrupt current vendor-lock-in and promote 5G adoption by providing cost-efficient and agile 5G products in the future” -- Gartner

• Lower TCO

OpenRAN TAM ~$5bn in FY 2021

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Widespread acceptance, non-linear growth globally

Telcos are showing more confidence in OpenRAN

OpenRAN adoption to spike in the coming years

• More than 29 Telcos joined the ORAN alliance (this number was just 5 in 2018)

• • European Telcos are collaborating to create interoperable OpenRAN market

• Middle East Telcos are supporting and committing to OpenRAN. Etisalat, Zain and Du have signed an MoU for advancements in OpenRAN

Over next five to seven years the total addressable market will be around $50-55 Bn

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3%
97%
2020-21
30% 20%
70%
80%
2026 2030
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Traditional RAN
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Open RAN

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© 2021-2022 Sterlite Technologies Limited

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Three core product areas
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New era in Three core 1. 3. Key foundational 4. Delivering results 5. Q&A open product areas capabilities networks

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Focus on three core product areas to gain leadership position

3 Core Product Areas

One Core Business

5G OpenRAN ecosystem

FTTx

Open Networking-based Fiber Broadband and Wireless solutions (Radio) Smart and agile RAN Intelligent controller (RIC) platform

Open SDN programmable next-gen virtualized solution (PFTTx)

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BUILD SOFTWARE AND SYSTEM EXPERTISE TO BECOME LEADER IN OPEN NETWORKING SPACE

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Unique software and systems expertise to tap $5bn market

3 Core Product Areas

Programmable FTTx

OpenRAN 5G Radio

System

System

• Design, development, test • Best in class power, size and

• • Vendor Management capacity for open disaggregated • Lean process flow OLT equipment

• Merchant silicon, ODM/EMS factory model

Software

Software

• Fronthaul Gateway • Ownership of OLT software

• • Management and control plane (Broadband Forum) and ONF • IEEE 1588v2 synchronization specification

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RIC
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System

• Standard COTS hardware servers or cloud-based model

Software

• Ownership of RIC software for nonReal-time and near real time

• RAN OA&M,

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Addressable market

~$5bn (Radio constitutes of 4050% of overall market)

• RAN Domain Orchestrator

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Key foundational capabilities
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Key 1.[New era in ] 2. Three core foundational 4. Delivering results 5. Q&A open product areas capabilities networks

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Strategic initiatives based on 3 foundational capabilities

2 1 3 Develop an end-toDrive Nurture top end access solution technology-ledtalent growth Build an end-to-end Invest in building Wide array of fiber broadband and software capabilities, skill sets and 5G wireless solution labs and systems global talent knowledge

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Launched Accellus - An end-to-end fiber broadband and 5G
wireless solution
End-to-end
access solution
Benefits
For Customers
Lower Faster-time-
Wireless solutions that bring TCO to market
together micro, macro radio,
For Shareholders
intelligent controller and
orchestrator across CU, DU, RU Better gross margins
for shareholders
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Accellus: A programmable solution, based on open standards

Open networking broadband fiber and 5G wireless product portfolio

End-to-end access solution

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Open RAN 5G Garuda Multi-Band Radio

Comprehensive Open RAN (Radio Access Network) O-RAN compliant, highly radio portfolio with indoor power efficient indoor 5G small cell and outdoor small cell solution Macro radio units

Wi-Fi6 Access Solution

RIC

pFTTx

An outdoor Wi-Fi 6 radio An SDN, cloud-native RAN Intelligent Controller unit providing carrier-class solution that brings used to optimize the RAN connectivity in dense programmability to last ecosystem using 3rd party environments mile networks xApps/rApps

Smaller Better Lower Easier Simpler Size Cost Power Deployment Operations

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Accellus: Delivering products with significant value
End-to-end
5G Multiband Radio 5G ready indoor, outdoor small cell
Indoor Bottom enclosure for Bottom enclosure for
Dualband Triband Band 41 Band 41 Outdoor
Indoor Variant Outdoor variant
Top View Bottom View
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End-to-end
access solution
5G Multiband Radio
Dualband Triband Band 41 Band 41
Top View Bottom View
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Smaller Lower Better Simpler Easy
Size Power Cost Operations deployment
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Smaller Lower Better Simpler Easy
Size Power Cost Operations deployment
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• Best in class size, power, and weight ratio

• Easy field set-up and verification

• Software diagnostics and easy, “hitless” upgrades

• Works off of PoE+

• Small size

• Tunable center frequency

• Fully ORAN 7.2 compliant

• Low weight (hangs on wall or ceiling)

• Seamless integration with ORAN CU/DU

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Accellus: Delivering solutions through a robust ecosystem

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End-to-end
access solution Academic
5G & Software
MIT | IIT-M | Alliances
Access
RUTGERS
Solutions
Hardware Open
Networking
standards
GTM Radio
Partners
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Investing in building technical specialisation and knowledge

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Technologyled-growth

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Multifold increase in talent

Globally on-boarded ~200 Engineers Specialised in Radio, PFTTx and RIC

Sharp focus on innovation

Two innovation labs in Gurgaon, India

Building a new radio and PFTTx lab ( Live by Jan 2022)

Global IP with 54 Patents

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Strengthened our talent base with global resources

John Hank Guy Lupo Medamana Kafka NBN Ex-AT&T Ex-AT&T Top talent Tom Pat Velardo Chris Rice Leonard AVP, CEO EVP, Sales Analytics N. K Sarat Rajesh Gangadhar Shankaranarayanan CTO Puthenpura Principal Inventive AVP, Inventive Science Scientist Our core team in India is 200+

Technology Advisory Council

Global Experts

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Delivering Results
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Delivering
1. [New era in ] 2. Three core 3. Key foundational 5. Q&A
open results
product areas capabilities
networks
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Started to deliver results through our strategic capabilities

Customer Wins Products Outcome 5G Dual Band and Delivery to start North American Telco Triband Radios from H2 - FY 2022 Top FTTH service providers Programmable FTTx Pilot completed (Taiwanese and Australian)

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Global Recognition
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• Recognised as a leading ● Top 60 Edge computing 5G RAN vendor by Gartner companies to watch in 2021. ● BCG Top 100 Tech

• ● STL mentioned as an Enabler for ● Top 10 RAN vendors to watch Challenger enhanced partner ecosystem out for in 2021 by STL support in Digital Marketplace partners

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co-develop
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Partnered with Facebook Connectivity for the Evenstar program

• Entered a strategic collaboration with Facebook Connectivity to co-develop 2 types of radio units under Evenstar Program

• The Evenstar program is a collaborative effort by Facebook Connectivity and global Industry partners to accelerate the adoption of open RAN technology

DEVELOPING RADIO UNITS

Key Differentiators

MANUFACTURING

ECOSYSTEM GLOBALLY

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Focus on technology evolution for competitiveness vis-à-vis incumbents products

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Synchronized industry Unified radio designs efforts under the to achieve Evenstar umbrella lower costs

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Poised to lead in the open networking space
R A D I O
System
C O N V E R G E N C E
The combined Software
strength of P F T T x O R A N
3 product areas
3 foundational capabilities
will drive success
End-to-end Technology Top Talent
solutions led growth and Culture
T H R E E F O U N D AT I O N A L C A PA B I L I T I E S
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Q&A
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1.[New era in ] 2. Three core 3. Key foundational 4. Delivering results Q&A open product areas capabilities networks

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beyond tomorrow