Sterlite Technologies Limited. — Investor Presentation 2021

Jun 15, 2021

www.stl.tech

June 15, 2021

National Stock Exchange of India Limited Exchange Plaza, 5th 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: Outcome of Investor Meet

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

Dear Sir/ Madam,

Further to our intimation dated June 14, 2021 and pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you the outcome of series of Investor Meets held on June 14, 2021.

The Company's presentation in this regard is attached herewith.

Kindly take the above on your record & acknowledge the receipt.

Thanking you,

Yours faithfully,

For Sterlite Technologies Limited

Amit Deshpande Company Secretary & Corporate General Counsel

Optical Connectivity The backbone of future digital networks 14th June '2021

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

STL Introduction

Introduction

2021 - Start of a decade of network creation 1 Summary STL lead 2

STL - well poised to 3

STL - future growth levers

This expertise has translated into robust performance

5

And also enabled us to serve across all segments

While creating value across communities

the environment

Policies & Systems

on Human Rights, Labour Practises, Fair Wages

1M+ m3 Water recycled and reused at STL and replenished in surrounding communities

7,000+ tCO2e Reduced through in-plant initiatives and plantations in surrounding communities

Caring for our people & Driving Sustainability Enabling millions using tech & connectivity

1.43M+ lives impacted

Signatory To the UNGC & UN WEP**

3,500+ Rural women Empowered

1,400+ Individuals digitally empowered

Environment | Social | Governance

134,000+ MT Waste diverted from landfills

94% of our industrial waste does not go into landfill

93% Of waste recycled and reused

3R Approach to reduce, reuse, recycle

2030: Towards a Cleaner & Greener Future

100%

• Manufacturing locations to be ZWL certified
• Water Positivity globally
• Sustainable Sourcing
• Products families covered under LCAs

50% Reduction in STL's carbon footprint

2025: Facilitating a More Inclusive Society

5 Million

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

*All figures are cumulative (up to FY 21) **UNGC – United Nations Global Compact | UN WEP – United Nations Women Empowerment Principles © 2021-2022 Sterlite Technologies Limited 8

2021- A decade of network creation has started

Summary STL Introduction STL - well poised to lead 2 STL - future growth levers 3 2021 - Start of a decade of network creation 1

2020 was a year of inflection for digital networks

User growth accelerated significantly

~2Mn users added daily in 2020 a b

Network creators decided to invest disproportionately

Multi bn. $ commitments, urgency

2021 has kickstarted a decade long network creation cycle

New technologies are driving this network creation cycle

5G

the fastest technology to reach 400 million

• Over 163 5G commercial networks deployed globally
• Operators add Capex globally AT&T and Verizon increased their capex plan by $2+ bn. (initial guidance of ~$17 bn.)
• 630 5G enabled handsets announced globally as per GSMA

FTTH

Deployments pick up pace across India, Europe & US.

• EU Telcos plan 2+ mm FTTH Deutsche Telekom plans 2 mn. new FTTH connections in 2021; Telefonica Germany plans 2.2 million rural FTTH connections over six years.
• India budgets $. 1.9 bn. 0.65 mn. FTTH connections in FY22, 6.7 kms of OFC, 0.12 mn. Wi-fi points
• US: AT&T plans 3 mn. FTTP Deploy fiber-to-the-premises to 3+ mn. residential and business locations across 90 metros in 2021.

O-RAN

Major operators start trials

or deployments

• Verizon to start deploying "We're 100% behind the idea, and that's why we're pushing it," Verizon's Kyle Malady
• Telefonica, IBM start trial open RAN in Argentina.
• Operators partner for O-RAN o Etisalat partner with Rakuten o Deutsche Telekom, Orange,
  • Telefónica, and Vodafone join forces to support ORAN rollout
• Germany earmarks $300 mn. for O-RAN research specifically.

Leading to dense and deep fiberisation

3 Operators per site in shared microsites

30% - 60% YoY Growth rate of

Small cell requirements for full 5G commitment

10X

Amount of cell towers to accommodate full 5G services

Demand of Optical Fibre to roll out 5G

Dense & Deep Fiberisation

© 2021-2022 Sterlite Technologies Limited

FTTH

Increasing penetration in the post COVID world

FTTH Penetration

• Developed Economies e.g. US, UK, Germany planning to increase FTTH Penetration.
• Developing economies e.g. India offer huge potential for growth, driving fiber demand.

Case in Point

UK

• UK Govt. is investing £ 5bn for FTTH gigabit network
• BT Openreach targets covering 25 mn. premises by 2026
• City Fibre increases roll out plan to pass 8 mn. premises

USA

• Strong federal push for increasing broadband penetration $20 bn. rural digital opportunity fund $100 bn. proposal for broadband in LIFT plan $25 to 30 bn. grant under CARES ACT
• US private players plan multi million home passes. AT&T : 4 mn., Verizon : 3 mn. and Lumen : 6.5 mn.

FTTH Penetration = No. of households that have taken up fiber broadband connection / Total no. of households

5G & FTTH

These mega trends are catapulting the optical demand

• After a pause in 2019 & 2020, the fibre demand has started growing again in 2021, which is visible across all regions
  • 5G deployment cycle is an 8 to 10 year cycle ; expected to peak in 2024-25
• Higher sales orders, increasing inventory drawdowns and widening lead times shall push the optical prices upwards

Spurring innovation across optical portfolios

Advanced photonics capability will prove to be the differentiator

© 2021-2022 Sterlite Technologies Limited 16

STL is well poised to lead network efforts across the globe

Introduction

Summary STL 2021 - Start of a decade of network creation 1

STL - well poised to lead 2

STL - future growth levers 3

STL has an E2E capability to integrate future digital networks

STL can integrate all the technologies required for the new age digital network

1. 25 years of optical connectivity

End 2 End Optical Connectivity Solution

Fully Vertically Integrated Manufacturing

Strong relationships with 21 key accounts

Strong Inhouse R&D team with 569 patents

20

© 2021-2022 Sterlite Technologies Limited

25 years of optical connectivity

Opticonn : End to End Optical connectivity Solution

Backward Compatible Bend Insensitive Fibre

High Density Ribbon Cable Intelligently Bonded Ribbon (72F - 6912F)

Underground and Aerial Optical Interconnect Kits

Our opticonn solution includes customising solution through consultative design and also includes optical subsystems, smart logistics and partner support.

25 years of optical connectivity

Fully integrated manufacturing with global supply chain

	Preform(Restricted Players <10)	Fibre(Limited Players <50)		OpticalFibre CableInterconnect(Cable Manufacturers <200)
STL's unique manufacturing capabilities with full vertical integration. Also top 3 integrated fibre producer globally
	7	50M	33M*	Industry 4.0 standardsFully automated machinery with robotic operations
	GLOBALPRODUCTIONFACILITIES	FKM OPTICALFIBRECAPACITY	FKM OPTICALFIBRE CABLECAPACITY	Efficient supply chainReduced delivery times and SCM cost

* Plan to reach by Jun 2021

2. Virtualised access ecosystem

3. Large-scale integration expertise

Through E2E solutions, STL can address $40 bn. market

STL - Future Growth Levers

Introduction

Summary STL STL - well poised to lead 2 2021 - Start of a decade of network creation 1

STL - future growth levers 3

1. Grow OFC Volume and Optical Interconnect business

• Grew market share 4 times in 5 years

• In FY21, OFC volume grew by 35%

• Continue to penetrate newer markets e.g. USA

• Expand optical interconnect business by leveraging existing customer relationships

• Offer Optotec products integrated as Opticonn Solutions

2. Take System Integration business global & Scale in India

3. Build a strong Access Solutions business, based on disruptive open-source products

Building a World class team

Leverage a team of exceptional professionals and ecosystem partnerships to develop network solutions.

Current team strength at 200 nos.

Product of Choice for large Scale O-RAN Deployments

To become a product of choice in 5G networks based on Open RAN technology.

Product trials being conducted at customer premises.

Summary

2021 - Start of a decade of network creation

New technologies such as 5G, FTTH and O-RAN are driving the network creation cycle. 5G deployment & increase in FTTH penetration are leading to deep and dense fiberisation. These deployments are catapulting the OFC demand across the globe and are also leading to innovative new products in optical fiber & optical fiber cable.

STL is well poised to lead network efforts across globe

It has 25 years of experience in optical connectivity, an ecosystem in virtualized access technologies and an expertise in integrating large scale complex projects. Put together, STL has end to end capability to integrate future digital networks.

STL has three validated growth levers

First, to grow OFC volume and the Optical interconnect business.

Second, to take System Integration business to global markets along with scaling it in India. Third, to build a strong Access Solutions business, based on disruptive open-source products.

beyond tomorrow

With Strong legacy and Capabilities

About the Speaker

Dr. Anand Agarwal Group CEO and Whole time director, STL

A strong believer in the transformational power of technology, Dr. Anand Agarwal is the Group CEO and Whole-time Director at STL.

Recognising the shifts in the global technology landscape, Anand has navigated STL from an optical connectivity company to a global leader in end-to-end network solutions. With his disruptive efforts, Anand has scaled the organisation to over 100 geographies, while shaping the digital infrastructure landscape globally. Under his leadership, STL has developed core capabilities in optical connectivity, virtualised radio, network software, and system integration.

Anand was awarded as the 'Most Promising Business Leaders of Asia' by Economic Times at Asian Business Leaders Conclave 2020 and 'CEO of the Year' at the Economic Times Digital Telco Summit in 2020 for his significant contribution to the Indian Telecom ecosystem. He was also awarded with "Pathbreaker of the Year' ' award in 2019 for transforming India's digital infrastructure at the Telecom Leadership Forum and "Broadband Infrastructure Leader Award' in 2016.

As a flagbearer of culture and diversity, he has built a passionate and inclusive organisation that is strongly connected to its larger purpose of transforming billions of lives through digital networks.

A Ph.D. in Materials Engineering from Rensselaer Polytechnic Institute and B.Tech from IIT Kanpur, Anand is a hands-on technologist in advanced photonics and programmable networks. He is a firm believer in empowering and transforming lives through innovations in technology.