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May 24, 2021

To, BSE Limited Security Code - 517385

National Stock Exchange of India Limited Symbol – SYMPHONY

Sub.: Investor Presentation - Updates

Dear Sir,

This is in reference to the above-mentioned subject line, we are enclosing herewith updated Investor Presentation. The same is also available on the website of the Company.

Kindly consider this as due compliance of relevant provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Kindly take this on your record and oblige.

Thanking You,

Yours Truly,

For, Symphony Limited

Digitally signed by MAYUR C BARVADIYA MAYUR C DN: cn=MAYUR C BARVADIYA c=IN o=Personal BARVADIYA Reason: I am the author of this document Location: Date: 2021-05-24 18:21+05:30

Mayur Barvadiya Company Secretary

Enc.: As above

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CORPORATE
PRESENTATION
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SLIDE 1

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Water
Cool
distributor
filtered air
Air cooling
simplified
Hot dry air
Fan
Evaporative
media
Water
reservoir
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SLIDE 2

Comparison between air cooling appliances

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Parameters	Fans Air coolers Air-conditioners
Capital cost	Low Low High
Recurring cost	Low 90% lower than ACs Very high
Indoor air quality	Circulates same air 100%-fresh filtered cool air Recirculates stale dry air
Refrigerants	No Water Ozone layer-depleting CFCs
Maintenance	Simple and cost-effective Simple and cost-effective Complex and expensive
Portability	No Yes No
Usage	Indoors Outdoors and indoors Indoors
Emission	No Eco-friendly Environmentally harmful CFCs
Effectiveness in dry climates	Not applicable More effective Less effective

SLIDE 3

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Symphony Limited – India

Symphony HO - Ahmedabad

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SLIDE 5

Wide product range – Household air coolers

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SLIDE 6

New launch – Household air coolers

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Diet 3D 55i+

Diet 3D 40i Diet 3D 30i Diet 3D 20i Diet 3D 12i

Sumo 75XL

Sumo 115XL

Sumo 75XL DD

SLIDE 7

New launch - Duet Series Cooling Fan

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SLIDE 8

Productrange–Industrialandcommercialaircoolers

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Universal air Four-side high Powerful air throw Robust weathercooler – top and efficiency resistant body bottom discharge in honeycombpads the same cooler

SLIDE 9

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Key Firsts
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SLIDE 10

Key Firsts -Formats

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2009 2012 Introduced Introduced Tower Format Air Tower Format Desert Cooler Air Cooler

2016 Introduced Wall Mounted Air Cooler

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2017 Introduced Touch range with 4-side removable pads and double blower

SLIDE 11

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Key Firsts
- Features 1994 2007
2016
Remote control Power Saver Technology
i-Pure – Multistage
Air Purification
2016
2016 2016 2017
Magic Fill for automatic Voice Assist Digital Touchscreen Gesture Control
water filling
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SLIDE 12

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1988 1995 – 2000
1994 Pre-2000s
Symphony Diversified intoACs,
Milestones establishedwith Listed on stock washing machines Many products–
one air cooler exchanges and other durables One market
model
2011 2012
2002-2007 Post2005s 2009 - 2011 Introduced Recognition from
Financial stress and One product – AcquiredIMPCO industrial air- the Governmentof
(North America) cooling solutions in India for the R&D
restructuring Manymarkets
India center
2019
Launched Industrial
2017 2018
2015
and Commercialair
2016 Launched world’s Acquired Climate
Unveiled the cooler range and
AcquiredKeruilai 1 [st ] wall mounted air Technologies Pty
world’s first started
(China) cooler Ltd (Australia)
packaged aircooler manufacturing in
India
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SLIDE 13

Business model

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01 02 03
Positioning Design-driven Brand-focused
Focused on offering cutting-edge Best-in-class design, a significant The world and India’s leading
cooling technology advantage over competitors air-cooler brand
Progressively product-agnostic Next generation coolers with 16 robust sub-brands
approach high-end features and aesthetics
04 05 06
An industry Asset and De-risked
pioneer capital-light
Cash-and-carry ₹ 931 Cr. gross revenue (FY21) Well-diversified market presence
and customer base
Sales-to-subsidiary and modern ₹ 105 Cr. tangible fixed assets
retail format on credit (March 31, 2021) Widespread supplier base
Round-the-year sales
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SLIDE 14

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GrowthDrivers

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01 02 03
Short-term Medium-term Long-term
growth driver growth driver growth driver
Industrial coolers (IC)
Domestic market
Export market
and commercial
for household
for household
coolers (CC)
coolers (HC) coolers
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SLIDE 15

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Sectoral Entry Barriers

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Leader in
Leader in
Leader in
Leader in distribution
brand and
terms of
management and after
category
innovation
sales service
status
Technology, Focused Entrenched Serving ~ 19,000
design, quality, approach experience pin codes
features and (what to do and
performance what not to do)
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SLIDE 16

Corporate governance andbeyond

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Corporate philosophy is highest level of corporate governance, much beyond statutory compliances

▪ High level of transparency and accountability

▪ Investor friendly with adequate minority protection policies

▪ Strict adherence to Accounting Standards and Policies

▪ The above philosophy and practises culminated in to:

Awards from “The Institute of Chartered Accountants of India” (ICAI) for Excellence in Financial Reporting through jury headed by veteran like C&AG of India
Recipient of SAFA Award (South Asian Federation of Accountants) for “ Best Presented Annual Report ” and “ Corporate Governance Disclosures ”

SLIDE 17

Organogram

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Board of Directors Chairman & Managing Director

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Executive Director -
Corporate Affairs
CEO – International
CEO - India CFO - Global
Subsidiaries
CEO – GM – CEO –
IMPCO, Mexico GSK, China CT, Australia
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SLIDE 18

At a glance

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5 50
11 50+ 21
Manufacturing Different Household C&F depots Branches
facilities product ranges cool- er models +
wide range of
Industrial and
Commercial
coolers
275+ 1000+ 30000+ 1000+ 11
Field sales Distributors Dealers across Authorised Robust IT
&service staff 5000+ towns service centres infrastructure
(41% semi-urban serving ~19,000 – SAP, Business
and rural pin codes Intelligence, PLM,
59% urban area) CRM, etc.
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SLIDE 19

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Market Potential – India

Industrial and commercial air cooling solutions – long runway

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Opportunity and size
Factories	Universities
Warehouses	Lecture halls
Shops and showrooms	Service stations	The industrial air-conditioning market in
Religious institutions	Offices	India is estimated to be worth ~ ₹10,000 Cr
Club houses	Poultry and dairy farms	The value of the industrial air cooling market size is undefined (potentially > ₹
Residences	Departmental stores	10,000 Cr)
		Symphony is the only branded player in
Lounges	Diesel generator rooms	this segment
Canteens	Laundry
Guest houses	Kitchens
Banquet halls	Malls

SLIDE 21

Industrial air cooling solutions – facts & figures

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“90% of American firms named cool air as the single biggest factor determining their productivity.”

“Cooling raised productivity by a quarter. On factory floors it cut absenteeism and stoppages.”

(Source: The Economist, Page 41, January 2013 issue)

Effective Temp (C )	24	27	29	32	35	38	41
Loss of work output	3%	8%	18%	29%	45%	62%	79%
Loss of accuracy	0%	5%	40%	300%	700%	> 700%

(Source: Study for NASA. “Comfort Conditioning the Plant with Evaporative Cooling” Plant Engineering July 8, 1976 Pg 76 Joseph Marg

SLIDE 22

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Industrial air cooling: Enterprise customers

Working with esteemed brands

SLIDE 23

Industrial air cooling: Installations

BOSCH, BENGALURU

HERO SHOWROOM, CHHATTISGARH

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RK MARBLES, RAJASTHAN
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KENT RO, NOIDA
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SLIDE 24

Industrial air cooling: Installations

RENAULT FACTORY, MOROCCO

F&B INDUSTRY, NIGERIA

JD.COM WAREHOUSE, CHINA

GASPER MASS STADIUM, MEXICO

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SLIDE 25

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Overseas subsidiaries
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SLIDE 26

Climate Technologies Pty. Ltd. (CT), Australia

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SLIDE 27

Organogram

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Chief Executive Officer
National Sales Finance National Supply Chain
R&D Manager
Manager Manager HR Manager Manager
Supported by 80+ members strong team
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SLIDE 28

Milestones

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1972 1998 2005 2008 2011
Ted Celi CT purchase CT started Introduced new 5- CT purchases the
commences Celair Bonaire business exporting coolers star rated ducted Bradflo commercial
operations (established in 1954) to the US gas heating range ducted and fittings
business
2012 2015 2017 2018 2019
Appointed as Tim O’leary rejoins CT Portable and Symphony Launched
distributor range of the CT as CEO and rooftop range of acquired Climate Symphony rangeof
York refrigerated shareholder products added to Technologies portable coolers in
products The Home Depot Australia
range, leveraging
CT acquires the the relationship Launched
Dadanco commercial
Symphony range of
Chilled Beams
Bonaire US entity portable coolers in
business established in USA
Nevada
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SLIDE 29

Range of products

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Householdcooler Commercial cooler Rooftop Cooler
Window air cooler Airconditioner Ducted heating unit
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SLIDE 30

Growth Drivers -Australia

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Access to portable coolers Potential to strengthen market with Symphony market presence with coolers, through retail expanded product range chain stores : Margin improvement Potential of growth in Value engineering and Housing sector, leading to cost control growth of heaters and Synergies in production, coolers sales and R&D

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SLIDE 31

Growth Drivers -USA

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Bonaire USA (BUSA) Big market for air coolers becoming popular brand in USA with presence in The Home Depot, Lowe’s and Amazon BUSA, a recent entrant in Rapid growth of BUSA US, had fast growth in with expanded product past 3 years, and has very basket high potential

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SLIDE 32

Portfolio of Global Brands

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SLIDE 33

Impco S.De R.L. de C.V. (IMPCO), Mexico

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SLIDE 34

Organogram

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General Director
Industrial Sales Residential Sales Marketing
HR Manager Finance Manager
Director Director Manager
Supported by 75+ members strong team
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SLIDE 35

Milestones

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1930s 1940 1950 1961 1990s
Adam Goettl starts
IMPCO becamea 1955: The first portable Created Master
IMPCO
market leader in International Metal cooler was Cool in USA, the new
– first company in
evaporative air- Products Company introduced evaporative air cooler
the world dedicated
coolers in US de Mexico, S.A. de with a high efficiency
to manufacture air-
C.V., was filter developed by
coolers
established and Munters in Sweden in
manufacturing the 60’s
coolers
2007 2009 2012
IMPCO was Symphony IMPCO obtains ISO
selected to make the aacquires IMPCO and 9001:2008 certification
largest evaporative starts restructuring in
air-cooler project in all aspect
the world; the
Jamarat Bridge 2015-20
in Saudi Arabia. 130
 Turnedaround
Master Cool
Industrial units were  Debt free and asset light
ng team
installed model implemented
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SLIDE 36

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Industrial air coolers sourced from GSK, China

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Window Air Coolers

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HT Series Air Coolers

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SLIDE 37

Growth Drivers

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Value Enhance
Innovation engineering distribution
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SLIDE 38

Guangdong Symphony Keruilai Air-coolers Co. Ltd (GSK), China

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SLIDE 39

Organogram

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General Director
Operations Domestic Sales International
R&D Manager HR Manager Finance Manager
Manager Director Sales Director
Supported by 100+ members strong team
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SLIDE 40

Milestones

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2001 2011 2013 2002
Keruilal was established Keruilai was acquired by Appointed Deputy The first evaporative
as China’s first air-cooler Munters, Sweden Director of China air-cooler brand in China
brand based MNC Refrigeration and Air to meet the technology
Conditioning Industry evaluation requirement
Association. Also of “Green Star Products”
awarded with “National
Advanced Enterprise of
Quality Integrity
Initiative”
2014 2015 2016
Appointed leader of the Keruilai incurred loss of
Guangdong Symphony
tech- nical committee to ₹ 17.3 cr in CY2015
Keruilai air-coolers Co. Ltd
draft and publish three
(GSK) was established
national standards on
post acquisition of Keruilai
evaporative air cooling by Symphony Limited 2018 -19
GSK achieved cash break-
even
Expanded Industrial &
Commercial cooler range
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SLIDE 41

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Household air coolers

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SLIDE 42

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Industrial aircoolers

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Commercial air coolers

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SLIDE 43

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GrowthDrivers

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Innovation Increasing sales New projects –
through online Industrial cooler
platform segment
Margin improvement: Increasing touch
–
Value engineering & points Modern
cost control
retail
Synergies in production,
sales and R&D
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SLIDE 44

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Financials
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SLIDE 45

(Consolidated) Revenue break-up, 2020-21

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Gross revenue
₹ 931 cr
India: 50% Rest of World: 50%
₹ 461 cr ₹ 470 cr
Air-coolers: 93% Others: 7%
₹ 429 cr ₹ 32 cr
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PAT (₹ Cr) (Standalone) RONW (%) (Standalone) ROCE (%) (Standalone)
Air Coolers Corporate Funds
237.3 INFINITE
112.3 15.9 5.0
800
185.9
28.2 6.0
292.4
101.0
15.9 1.6
0.0 50.0 100.0 150.0 200.0 0.0 10.0 20.0 30.0 0.0 200.0 400.0 600.0 800.0
FY21
FY21
FY21
FY20 FY20
FY20
FY19 FY19 FY19
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SLIDE 46

Profit and loss statement and segment reporting

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Profit and Loss	₹ cr	₹ cr	₹ cr	₹ cr	₹ cr	₹ cr
Statement Particulars (₹ Cr.)	Consolidated				Standalone
	FY21	FY20	FY19	FY18	FY21	FY20
Revenue from operations	899.8 1102.6 843.7 798.3				487.9 716.2
% growth	(18.4) 30.7 5.7 4.5				(31.9) 36.7
Other Income	31.4 54.7 38.9 54.1				35.7 46.9
Total Income	931.2 1157.3 882.6 852.4				523.6 763.1
EBITDA	170.2 266.2 178.0 273.6				152.3 247.8
% growth	(36.1) 49.6 (35.0) 13.1				(38.5) 47.1
Income Tax	23.8 48.7 38.7 72.3				34.8 54.4
PAT	107.2 181.8 91.4 192.6				112.3 185.9
% growth	(41.1) 99.2 (52.6) 15.8				(39.5) 84.1
PAT Margin (%)	11.5 15.7 10.4 22.6				21.4 24.3

and segment reporting	and segment reporting	and segment reporting	and segment reporting	and segment reporting	and segment reporting	and segment reporting
Segmental ₹ cr
Segmental	Consolidated				Standalone
Revenue (₹ Cr.)	FY21	FY20	FY19	FY18	FY21	FY20
India	431.3 651.0 466.8 622.2				431.3 651.0
Rest of the world	468.6 451.6 377.0 176.1				56.5 65.2
Revenue from Operation	899.8 1102.6 843.7 798.3				487.9 716.2

EBIT (%)
India	30.4 33.3 26.0 37.5				30.4 33.3
Rest of the world	2.2 5.3 4.2 18.9				28.1 35.9
Total	15.7 21.9 16.2 33.4				30.2 33.6

Y-0-Y Analysis
Revenue Growth (%)
India	(33.7) 39.5 (25.0) 4.2				(33.7) 39.5
Rest of the world	3.7 19.9 114.0 4.9				(13.3) 13.5
Total	(18.4) 30.7 5.7 4.4				(31.9) 36.7

SLIDE 47

(Consolidated) Financials: Statement of profit and loss

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Dividend Payout (₹ Cr and %)
Gross Revenue EBITDA (₹ Cr) Profit after Tax (₹ Cr)
(₹ Cr)
273 194
266
242
1157 193
182
209
166
931
852 883 166 171 170 148
808 105.3
116
107
625
558 91
58.9
37.9 38 35
31.6
2015 2016 2017 2018 2015 2016 2017 2018
2015 2016 2017 2018 2015 2016 2017 2018
2019 2020 2021 2019 2020 2021
2019 2020 2021 2019 2020 2021
106.6%
50.8%
19.0% 19.7% 41.5% 32.7%
88.9% 19.0%
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*FY16 was of 9 months. For better comparison, FY16 of 12 months (unaudited) is given. #2016 - Includes special dividend payout of Rs. 42.1 crore (35.6%). 2020 – Includes special dividend payout of Rs. 151.8 Cr (83.4%)

SLIDE 48

Financials: Balance sheet (Consolidated)

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Capital Employed# - Air Capital Employed# - Corporate Debt (₹ Cr)
Shareholders Fund (₹ Cr)
Cooling and Other Appliances Funds (₹ Cr)
187
(₹ Cr) 184
174
628
282
759
666 512 505
639 226
612
197 422
465
292
246
328
306 108
92 180
26
39 19
30
0 0
2015 2016 2017 2018 2015 2016 2017 2018
2015 2016 2017 2018 2015 2016 2017 2018
2019 2020 2021 2019 2020 2021
2019 2020 2021 2019 2020 2021
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# Monthly Average

SLIDE 49

Financials: Gross and EBIDTA Margin

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Consolidated Standalone Consolidated Standalone
Gross Margin (%) Gross Margin (%) EBITDA Margin (%) EBITDA Margin (%)
54.4% [54.7%] 54.9% 32.1%
31.0%
52.2% 39.6%
51.2% 29.7% 29.7%
46.2% [47.0%] 53.3% [53.4%] 34.9% [35.8%]
44.6% 52.9% 33.3%
32.3%
22.7% 29.1%
25.9%
50.1% [50.2%]
17.5%
16.6%
48.1%
2015 2016 2017 2018 2015 2016 2017 2018
2015 2016 2017 2018 2015 2016 2017 2018
2019 2020 2021 2019 2020 2021
2019 2020 2021 2019 2020 2021
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SLIDE 50

Disclaimer

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This presentation contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, product development, market position, expenditures, and financial results, are forward-looking statements. Forward-looking statements are based on certain assumptions and expectations of future events. The companies referred to in this presentation cannot guarantee that these assumptions and expectations are accurate or will be realized. The actual results, performance or achievements, could thus differ materially from those projected in any such forward-looking statements. These companies assume no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent developments, information or events, or otherwise.

SLIDE 51

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www.symphonylimited.com

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AUSTRALIA MEXICO Climate Technologies Impco S de R L de C V Pty.Ltd. 26 Nylex Avenue AYAX 611, Parque Salisubury SouthSA Industrial Kalos 5106 Guadalupe, Guadalupe Australia N L, Mexico 67205

CHINA USA Guangdong Symphony Bonaire USA LLC Keruilai Air Coolers Co. Ltd. Taiying Industrial Area, 470 Mirror CT Suite101 Hongmei Town, 523160 Hinderson, Nevada Dongguan, 89011 USA Guangdong, China

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INDIA