WPIL Ltd — Investor Presentation 2023

Mar 16, 2023

u � �(fj !!D�JF.�R�,t��ed (� 84/1A, TOPSIA ROAD {SOUTH), KOLKATA- 700 046 TEL. : (91 33) 4055 6800, FAX : (91 33) 4055 6835 WEB : http://www.wpil.co.in CIN No. L36900WB1952PLC020274

16[1] & March, 2023

The Listing Compliance BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001.

Dear Sir/ Madam,

Subject: Intimation of schedule oflnvestor/Analyst meeting under regulation 30(6) of SEBI (Listing Obligations & Disclosure Requirements) Regulations. 2015.

Ref: BSE Scrip code 505872

With reference to the subject cited above, we hereby inform you that, pursuant to Regulation 30(6) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 the schedule of Investor/Analyst meeting to be participated by the Company, hosted by Valorem Advisors is as under:

Day and Date Particulars Type of Interaction Venue Friday- 17th Valorem Advisors In-person Group Mumbai March,2023 Annual Conference Meetings

No unpublished price sensitive information (UPSI) is intended to be discussed during the interactions. Please note that the above shall be subject to changes if any. Submitted for your information and records.

Thanking you

Yours faithfully,

For WPIL Limited

lJ • . � General Manager (Finance) & Company Secretary

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WORKS: PANIHATI: 22, FERRY FUND ROAD {PANIHATI). KOLKATA-700114, TEL.: (033) 2583 3459 GANIPUR: BIREN ROY ROAD {WEST), GANIPUR, 24 PGS {S), KOLKATA-700141, PH.: 8100391197, {033) 24880976 GHAZIABAD : A-5. SECTOR - XXII, MEERUT ROAD, GHAZIABAD - 201 003, UTTAR PRADESH. TEL.: (0120) 3015 7841703 / 711, FAX: (0120) 3015 740

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M A R C H 2 0 2 3

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INVESTOR PRESENTATION

Company Snapshot

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Market Leader in
12 Strategic International End to End
Rich Experience Pumps &
Manufacturing Presence Across Integrated
of 65 Years Pumping
Locations 8 Locations Pumping Solutions
Systems
Strong global
presence via Consolidated Partner of choice Proud to be part of
focused Orderbook ~ for engineered flow Jal Jeevan Mission
acquisitions and INR 3,500 Crores applications of GOI
joint ventures
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INVESTOR PRESENTATION

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Company Overview

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INVESTOR PRESENTATION

Company Overview

• WPIL Limited is a multinational pumps and systems company, headquartered out of India, with diversified operations covering the entire gamut of the pumping industry incorporated in 1952.

• The Company has to its credit a rich experience of more than 65 years in Designing, Developing, Manufacturing, Erecting, Commissioning and Servicing of Pumps & Pumping Systems.

• Over the 1st 50 years, the company focused on developing its core technology of centrifugal pumps and building a robust manufacturing infrastructure to support its business. This was built in tandem with India’s industrial growth and the company is proud to be major part of the Conventional Power growth story. A large installed base across the country, across industry, irrigation and water supply sectors lies testimony to its growth.

• After consolidating its position as a leading pump and pumping systems company in India, the company expanded its operations globally and now has operations in Italy, France, Switzerland, South Africa, Australia and Thailand through its Group companies.

• Constant investment in manufacturing and R&D supported by 12 manufacturing locations covering the entire process of pump manufacture from casting, fabrication, machining, assembly and testing have allowed it to deliver great value to its client by enhancing efficiencies at every step.

• The company continues its expansion into newer markets and is focused on becoming a Global leader in its sector.

• Expansion in the turn-key water project space required building out Civil construction capabilities internally, adjacent to the firm’s fundamental expertise in creating pumping systems targeting presence in the unsaturated Indian market before heading overseas.

• Looking ahead, WPIL envisions vast growth potential in both its core markets – engineered flow control products and turn-key water projects.

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Operating Revenue (INR Mn) and EBITDA Margins (%)
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15, 000 50.
45.
13, 000 11,813 12,107
40.
11, 000 9,089 9,948 35.
9, 000
30.
7, 000 25.
17.80%
16.75% 16.98% 20.
5, 000
13.22% 15.
3, 000
10.
1, 000
5. 0
- 1, 000 FY20 FY21 FY22 9M-FY23 0. 0
Revenue EBITDA Margin
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9M-FY23 Geographical Revenue (%)

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International
India
47%
53%
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4

INVESTOR PRESENTATION

70 years legacy of delivering flow solutions

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Incorporated as Johnson With a wide range of WPIL grows international WPIL builds out Pumps India Ltd. with the centrifugal pumps, WPIL grew footprint with mid-market capabilities and order objective of manufacturing its domestic client range while acquisitions in Australia book to become one of vertical/horizontal pumps, expanding and modernizing (Sterling Pumps), South Africa India’s leading turn-key castings and valves production facilities (APE Pumps, Mather & Platt) project players 1952 1983 1992-2000 2001 2011-2012 2015 2017-Present Johnston Pumps India is acquired by WPIL starts aggressive Cements position as a world Worthington Pumps Inc., USA which product expansion/ player with acquisition of Italyallows product range expansion and development of export based pump conglomerate, further addition of core pump technology markets and establishes Gruppo Aturia and establishment of an R&D center its Turnkey Project .Subsequently name changed to division. Worthington Pumps India Ltd.

Note: While management identified turnkey water projects as a future growth area, action to build out capabilities and develop orderbook were not initiated till 2017

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INVESTOR PRESENTATION

Highly Qualified Board of Directors

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Mr. Prakash Agarwal Managing Director & Promoter

B Tech from Manipal Institute of Technology with over 20 of in the overall years experience management of the engineering industry and EPC projects.

Mr. K.K Ganeriwala Executive Director

B.Com (Hons), LLB, FICWA, FCS with 30 years of extensive experience in the area of Finance, Accounts, and Taxation, legal and other aspects of Corporate and Operational management of the Company.

3

• Mr. Samarendra Nath Roy - ex ED Bhel , experience in Engg sector Independent Director

• Mr Anjan Dasgupta ex FD BHEL , finance experience Independent Director

• Mr Rakesh Amol ex Alstom Director , project experience Independent Director

• Mrs Samarpita Bose Corporate communications experience Independent Director

6

INVESTOR PRESENTATION

Global Operations

• After 10 years of growth in exports and experience in global markets it was clear that the next step would need strong local presence as the engineered pumps clients need life cycle support which has to be built on long term relationships.

• Over the years, WPIL Ltd. conducted extensive diligence to identify 3 regions (7 companies) – Italy (Gruppo Aturia, Rutschi, Finder), –

• South Africa (APE Pumps, Mather & Platt), and Australia (Sterling Pumps, United Pumps) that would facilitate the journey of adding new flow control products and industry-leading clients. By acquiring these, WPIL Ltd. cements position as a world player.

• Today, these businesses are well integrated and the Group looks ahead to further inorganic growth following its ethos of building on competencies and synergies.

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Gruppo Aturia
A U D O L I &B E R T OL A CHIAPPAARIS Italy
India
Australi
South Africa
a
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9M-FY23 Revenue Mix (INR Mn)
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International
India
5,865
6,487
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Total : ~ 12,352 INR Mn
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Large engineering and back-office team remains in India

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Australia
South
30
Africa
120
India
Italy 600
250
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Total : ~1000 Manpower

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INVESTOR PRESENTATION
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India Operations - State-of-art manufacturing facilities

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Delhi
Industrial Pump Division is
Located about 20 KM from
Delhi, the plant has
~15,000 sq. metres of
floorspace
Kolkata
Engineered Pump Division is
Located about 25 KM from
Nagpur Kolkata, the plant has
~20,000 sq. metres of
Engineered Pump Division is floorspace
Located about 26 KM from
Nagpur, the plant has
~70,000 sq. metres of
floorspace
Thane
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Drainage Pump Division is Located about 21 KM from Mumbai, the plant has ~6,000 sq. metres of floorspace

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INVESTOR PRESENTATION

Research & Development

In-house R&D centre – recognized by Ministry of Science & Technology, Govt. of India

• Accumulated knowledge-pool 0f 60 years of pump design experience.

• State-of-the-art software – n-hardware facilities.

• One of the largest pump test laboratory in Asia.

R&D Expertise Domain

• Hydraulic Engineering & Analysis

• Mechanical Engineering & Analysis

• Smart Pump Technology

• Fluid System Engineering

• System Analysis for Pumping Stations

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Pump Technology

• Pumping Solution for all Applications.

• Engineered Vertical Pumps.

• Engineered Horizontal Pumps.

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INVESTOR PRESENTATION

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Business Overview

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INVESTOR PRESENTATION

Business Structure

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WPIL Ltd.
International
India
47%
53%
Project Product South Africa Italy Australia
75% 25% 14% 75% 11%
Gruppo Aturia
Convention Engineered Drainage
Irrigation Municipal Industry
al Pumps Pumps Pumps A U D O L I & ARIS
B E R T OL A CHIAPPA
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INVESTOR PRESENTATION

Varied Range of Applications

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Industrial

Irrigation

Large lift irrigation networks to provide surface water to farmers and borehole installations for ground water to smaller farmers. New piped irrigation schemes for more efficient utilization of water.

Used in industries for variety of purposes such as fire fighting, sewage, chemicals, pulp and paper, steel, heating & cooling of systems, washing, storage, general industry and other industrial applications.

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Fire Fighting

Oil and Gas

Solutions for Off- shore/ On shore infrastructures, mining, petrochemicals industries, refineries, civil and industrial plants.

Chemical and petrochemical plants, off-shore plants, oil and gas plants, energy installations.

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Municipal

Water Supply & Drainage solutions for Rural and Urban Utilities including Raw water Intakes, treatment plants , reservoirs and distribution networks.

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Conventional and Nuclear Power

Cooling, drainage, dewatering, seal water and fire-fighting pumps across Thermal and Nuclear power plant.

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INVESTOR PRESENTATION

India Operations - Product Segment Overview

• Since inception in 1952, WPIL has maintained a long-standing tradition of producing specialized, engineered water pumps for various commercial end markets.

• Starting as Johnston Pumps India, it built huge competencies in the vertical pump range. Primarily for water and irrigation and finally dominating industry with its large Cooling water pump range at power plants. Its vertical pump range is dominant as the Indian Industry standard today.

• Post its acquisition by Worthington it developed an equally strong range of horizontal pumps for all industry applications, primarily in steel and water supply.

• Since 2000 as India underwent rapid growth and large projects were initiated, the range was expanded into large engineered pumps above 3 MW and WPIL led with,

• The supply of vertical cooling water pumps for Super critical power plants.

• Concrete volute pumps for sea water based cooling water systems, and

• Ultra large metallic volute / pump turbines for water transmission in river linking projects.

• The largest pump commissioned successfully is of 30 MW.

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3, 000 100%
Product Revenue (INR Mn) and Gross Margins (%)
90%
2, 500
2,188 80%
2, 000 1,962 70%
1,605 60%
1, 500 1,432
50%
1, 000 48% 47% 40%
44% 45%
30%
500
20%
- 10%
FY20 FY21 FY22 9M-FY23
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• In parallel WPIL remained a market leader in engineered submersibles with industry leading motor technology primarily for mines and offshore application. This range was later expanded into the dry motor submersibles for water supply, sewage and drainage applications again with best in class motor technology.

• Post its international acquisitions WPIL has added a strong repertoire of utility pumps for oil & gas upstream and downstream applications along with industry leading fire water pumps.

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INVESTOR PRESENTATION

Products - Conventional Pumps

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Vertically Positioned Horizontally Positioned Submersible
Turbine Split Case End Suction Drainage Deepwell
Mixed Axial Flow Multi-stage Non-clog Dewatering Sewage
Engineered pumps Fire Fighting
Concrete Volute Metallic Volute Pump Turbine
INVESTOR PRESENTATION 14
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Diversified Product Range

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Turbine Mixed Flow Split Case Multistage

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Mixed Flow
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Sewage Submersible Centrifugal
Metallic Volute Wet Motor type – Borehole & Engineered
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Axial Show

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End Suction

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Non Clog Pumps

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Pump Turbine

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Concrete Volute

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Solid Handling- Mixed flow

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Vertical Multistage

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Dry Motor Type- Drainage

INVESTOR PRESENTATION

15

India - Projects

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Irrigation Municipal Industrial
• Lift Irrigation • Water Supply • Power
• Piped Irrigation • Drainage • Chemical
• Fertilizer
• Steel
Complete Turnkey projects from concept to commissioning.
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INVESTOR PRESENTATION

India Operations - Project Segment Overview

• WPIL established its Project division in 2000 to provide end to end solution to its clients.

• Understanding the market need for competent turnkey contractors in the water sector this Division was established and over the years WPIL has steadily added competencies to attain a significant presence with its end clients.

• The main thrust areas for the company is in the Water sector for both Urban and Rural, which is well aligned with the United Nations Sustainability Goals. The main geographies being India and Africa.

• The division provides end to end solution from Survey, Hydraulic studies, System design, Intake structures, Treatment plants, Storage reservoirs, Pumping stations, Pipelines and House connections.

• The second thrust area is in the Irrigation sector – Lift Irrigation schemes which rely on gravity canals for distribution and Piped Irrigated schemes which use pipes for distribution.

• The third area is in the Industry sector for raw water and cooling water systems. The focus is on Power and steel industry wherein large volumes of water are required.

• The Division has executed a number of projects in Africa and S.E Asia also and is committed to being a leading player in these two markets also by leveraging its competencies.

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Project Revenue (INR Mn)
6, 000
4,890
5, 000
4, 000 3,510
3, 000 2,350
2, 000
1,280
1, 000
-
FY20 FY21 FY22 9M-FY23
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Project Order Book
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35, 000
30, 000
25, 000 23,243 23,632
20,655
20, 000
15,657
15, 000
10, 000
5, 000
-
FY20 FY21 FY22 9M-FY23
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INVESTOR PRESENTATION

PROJECT DIVISION

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CIVIL ELECTRICAL AND C&I MECHANICAL DESIGN ENGINEERING
• Intake structure • System design expertise up to 220 • Pump & Motors • Hydraulic Designs of Water Supply
• Channel, Fore bay KV transmission lines • Valves, Gates Schemes
• WTP Structures • HT / LT systems • DI, HDPE Pipes & Fittings • Design of Civil structures
• Pipeline • Soft starting system • Clarifiers, Gravity Filters, • Electrical & Instrumentation
• Over Head Reservoirs • Flow meters & Field instruments Chlorination System, Engineering
• Pipe Carrying Structures • PLC/ SCADA • Fire Fighting System
• Switchyard & Substations • CW System
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INVESTOR PRESENTATION

Project - Irrigation & Municipal

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Irrigation

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PCLIS PKG-09 Lift Irrigation System

• Sets of 2 Pump 15.9 cum/s; 130 M head, with 30 MW motors (115 m below ground)

• Complete Electro-mechanical & instrumentation work

• Automation Irrigation Area cover: 80,000 Hectare

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PCLIS PKG-20 Lift Irrigation System

• 3 Sets of Pump 23.8 cum/s; 95.5 M head with 30 MW motors ( 70 m below ground)

• Complete Electro-mechanical & instrumentation work

• Automation Irrigation Area: 200,000 Hectare

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Lift Irrigation System, Karjan

• Construction of 38 m Intake Pump House (25 m below GL)

• 1 Km Fore bay Channel

• 7 Pumps with complete Electromechanical & Instrumentation work

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WRD Piped Irrigation System

• End-to-end solution with complete automation for 14000 Hectare Irrigation with 800 CUM DC chamber

• 19.5 km MS pipeline (1650 mm-700 mm diameter), 36 km DI & 990 km HDPE pipeline

Municipal

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Multi-village Rural Water Supply Scheme Bansagar, Madhya Pradesh

• Water Supply to 61 nos. of Villages comprising 19,338 House connections

• 13.5 MLD Water treatment Plant

• • 710 Km of Pipeline (DI & HDPE)

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Town 24x7 Water Supply Scheme Dibrugarh, Assam

• Water Supply to 25,691 nos. House Service Connections

• • 42 MLD Water treatment Plant; 5 Nos of OHTs ranging from 1650 KL to 1300 KL

• 234 Km of Pipeline

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Domestic Water Supply Project Bhiwadi, Rajasthan

• Water Supply to 15,000 House connections

• • 16 Nos of Pump Houses, CWR & OHRs • 47 KM OF DI & 67 KM HDPE Pipe laying

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INVESTOR PRESENTATION

Project - Industrial

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Salem Steel Plant

• Project Value: INR 201.5 MN

• Commissioned on May, 2011

• Supply and Installation 46 Nos. VT & Horizontal Pumps.

• Supply and Installation of 2 x 4 MVA ONAN Transformer

• Construction of Re-circulation Water Pump House

• All Electro-mechanical Works

• • Fire Fighting System, PLC & SCADA System

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Durgapur Steel Plant, SAIL

• Fire Fighting Water System Package For Different Plant

• • Operations Involving Large No Of Both H.T & L.T Motor

• Pump sets, pipeline, valves, instrumentation, SCADA etc.

Circulating Water And Clarified System At STPS, MPPGCL, SARNI

• Project Value: INR 778 MN

• Construction of clarified water sump of 8.57 Mn Liters capacity with Pump House.

• CW Pumping Machineries 7200 KW, each Pump capacity 18900 Cum/Hr., Head 24.85 M. Execution of Channel, Fore bay & Intake structure of CW Pumps of working Capacity 75600 Cum/Hr.

Supply & Laying of MS Pipe 42 KM, from 80 MM to 2600 MM Dia..

Supply and Installation of Fire Protection System comprising of HVW, MVW, HYDRANT, FOAM AND INERGEN System, Detection System includes intelligent Smart Fire Alarm System.

INVESTOR PRESENTATION

20

International Overview

• In 2011, the company established an International subsidiary, acquired Ape Pumps / Mather & Platt SA in South Africa and acquired majority stake in Sterling Pumps Australia.

• The next acquisition was Gruppo Aturia in Italy in 2015,a mid sized engineered pump conglomerate with strong brands and efficient manufacturing infrastructure.

• Gruppo Aturia, subsidiary Rutschi pumps with two operations in France and Switzerland focused on the nuclear pump business.

• The acquisition of Aturia was a strong catalyst for the Group as it provided a common platform for product and business development. A large number of product development projects have been successfully undertaken over the last 7 years bringing the company to the forefront of global pump technology.

• Again, after a period of consolidation the Group acquired Finder Pompe in Italy and United Pump Australia in 2019 to make a strong penetration into the oil & gas pump markets and the positive displacement pump business.

• Both these two brands have strong legacies in Europe and Australia and a large installed base with strong after market potential.

• Today, these businesses are well integrated and the Group looks ahead to further inorganic growth following its ethos of building on competencies and synergies.

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International Revenue (INR Mn)
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8, 000
7, 000 6,560 6,634
5,865
6, 000 5,422
5, 000
4, 000
3, 000
2, 000
1, 000
-
FY20 FY21 FY22 9M-FY23
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9M-FY23 International Order Book Breakup (%)

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South Africa
13%
Australia
19%
Italy
68%
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INVESTOR PRESENTATION

International Operations – South Africa

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WPIL through its International subsidiary WPIL International (Singapore) acquired the pump business of PSV South Africa comprising of 100% shareholding in APE Pumps and Mather & Platt SA in the year 2012. This acquisition comprising of strong brands like APE and Mather & Platt SA that enhances WPILs global footprint further and establishes a strong platform to service the African and Middle Eastern markets. The addition of the APE range of Oil & Gas pumps (API standard) adds to the WPIL product portfolio. This acquisition would benefit the Company by access to the fast-growing African economy where economic gains from natural resources have led to increased demand for pumps and systems. The Company would leverage the strong market presence of these brands to increase its exports of products and services to the region.

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APE Pumps:

Mather & Platt:

• WPIL South Africa has a firm, long-standing footprint in the Water and Industrial pump sector in South Africa and across Africa

• Mather & Platt, established in 1954 is a leading name in the pump manufacturing industry of South Africa.

• APE Pumps has an innovative, cutting edge product already being hailed as the best in its class. With an experienced, close-knit team of engineers, business people and sales specialists, it has the expertise to meet shifting market demands.

• The company is able to offer officially manufactured spares, manufacturerwarranted repairs, new pumps and valves, as well as the brands associated with the Mather & Platt name presently such as Viking Gear pumps, Vanton chemical pumps, EIM submersible pumps.

• The Company benefits from the pump technology which is the result of years of research and development based on global ideas. Mather + Platt is also proceeding with the implementation of the industrial requirements, such as ISO 9002, ISO 14000 and OHSAS 1800.

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INVESTOR PRESENTATION

International Operations – South Africa

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• APE and Mather Platt have a 8,000 m2 Facility with 79 employees, 28 office staff and 51 workshop staff which serves and Offices.

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Revenue (INR Mn)
900 798
800 772
700 629
600
500 423
400
300
200
100
-
FY20 FY21 FY22 9M-FY23
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Pumps and spares are being supplied to many Institutions and industries including:

• Water and sewage Municipalities

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• Mining Institutions

• Power Generation

• Petrochemical Industries

• Pulp and Paper Sector

• Ports and Harbors

Major Corporate Clients

23

INVESTOR PRESENTATION

International Operations - Italy

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WPIL Ltd. acquired Gruppo Aturia and its subsidiaries Pompes Rutschi SAS (France) and Rutschi Fluid AG (Switzerland) via its international subsidiary, WPIL International in the year 2015. This is based on the perfect synergistic fit of Gruppo Aturia and WPIL Group as a major step towards becoming a global pump company providing the company access to major developed markets across Europe and Middle east and strengthening its presence in Africa.

• Gruppo Aturia has two main divisions: Aturia (industrial pumps) and Rutschi (nuclear and special pumps).

• Milan-based Aturia has three facilities at Gessate (Milan) and Rovigo which are focused on a comprehensive range of industrial and fire-fighting pumps. More than 70% of its business is exports across Europe/middle east and Africa.

• Oil & Gas (Finder Pompe) and Nuclear (Rutschi) have the highest revenue contribution by application.

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Revenue (INR Mn)
6, 000 5,331 5,400
5, 000 4,712
4,409
4, 000
3, 000
2, 000
NUCLEAR OIL & GAS 1, 000
-
FY20 FY21 FY22 9M-FY23
FIRE
WATER
INDUSTRY
FIGHTING
W
AT
ER
EARNUCL
INDUS
TRY
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24

INVESTOR PRESENTATION

International Operations - Australia

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In the year 2011, WPIL Ltd. acquired Sterling Pumps and later in the year 2020, Sterling pumps acquired United Pumps.

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• Sterling Pumps is an Original Equipment Manufacturer (OEM) of standard and custom-designed pumps based on the outskirts of Melbourne, Australia.

• Sterling provides a world-class product for a variety of heavy industry, mining, irrigation, fire and process industries with submersible.

• Sterling Pump products are exported to regions including the Middle East, Northern Africa, Korea, China, Fiji, India, Bangladesh, Indonesia, Singapore, Iran, Papua New Guinea, Malaysia and New Zealand.

• Sterling Pumps sell our products via a recognized network of over 250 pump dealers in Australia across all states who are professionals in their field with many years of experience.

• United Pumps Australia was founded in 1984 and has been manufacturing engineered API 610 rated pumps for well over 30 years which was later acquired by Sterling Pump in June 2020.

• United Pumps Australia specializes in custom manufacture of centrifugal single and multi stage pumps in either horizontal or vertical design.

• UPA provides full backing of its products in the market place with full service, performance testing and repair facilities servicing customers worldwide.

• United Pumps Australia offers a number of specialized services to support its clients needs. These include the design and manufacture of reverse and reengineered parts, a large spare parts division and stock management services.

25

INVESTOR PRESENTATION

International Operations - Australia

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Sterling and United, WPIL Australia are legacy water, irrigation and Oil & Gas, refineries, offshore platform, gas process plants and power generation units pump manufacturers in the Australian and Asia Pacific market.

Manufacturer of Centrifugal Pumps, primarily for Oil & Gas industries

• Custom manufacturer of centrifugal single and multi-stage pumps in either horizontal or vertical design

• Complete service, performance testing, and repair facilities servicing customers worldwide

• Full range of spare parts for its current design and heritage pumps

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Revenue (INR Mn)
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Experience highlights include:

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900
800
700 605 658
600
500 457
400
287
300
200
100
-
FY20 FY21 FY22 9M-FY23
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• Pumps in every Oil & Gas Australian and New Zealand Refinery

• Refineries in Thailand, Philippines, Singapore, and China

• Pipeline Pumps in Australia, PNG, and New Zealand

• Coverage of FPSO, LNG, and CO2 Removal applications

Major Corporate Clients

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26

INVESTOR PRESENTATION

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Strategic Overview

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27

INVESTOR PRESENTATION

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Multiple Triggers to Drive Growth

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• India is expected to witness an impetus in private sector Industrial investment especially in Power and Steel to meet growing demand

• Jal Jeevan Mission / Atal URBAN Renewal Mission 2 water supply schemes should accelerate over the next 5 years • Healthy domestic market for pumps in India – US$ 1.2 billion-plus (INR 8,500-plus crore) • Renewed focus on Irrigation will lead to new River linking schemes and energy efficient piped irrigation schemes to more effectively utilise water resources • Internationally, stable oil prices should drive investments in production capabilities and demand for API pumps. • Nuclear energy has been classified as Green Energy in Europe leading to a resurgence in new nuclear reactors which should support growth at French Subsidiary , Rutschi

• Strong oil revenues is leading to an infrastructure boom across the MENA region especially Saudi Arabia / Egypt / Qatar which is beneficial to our Italian subsidiary Aturia

• New LNG plants globally due to Ukraine crisis is leading to demand for specialised pumps for these terminals especially in energy abundant Australia and Egypt

• The other growth drivers for Indian pumps include population growth, higher water-intensive food consumption, industrialisation, growing public awareness about drinking water quality, decreasing water quality, lower water levels, and environmental pressure from government bodies on wastewater discharge, thereby amplifying the demand many times over for the recycling and reuse of water.

28

INVESTOR PRESENTATION

Value Proposition

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Global Operations Strong R&D
Forward integrated Wide product basket
Dominant player in supported by Marquee clients recognized by Govt.
by providing Turnkey catering to a
Industrial Pump subsidiaries and from Top class Of India and
solutions and O&M widespread market
Sector agent network and industries supported by Global
services segment
service centers R&D center in Milan
Domain expertise Strong opportunities
Offers 50% Amongst the Market Diversified product
enhanced by global for large organized
customization in Leaders in Pumping portfolio catering to
acquisitions & players in the
Pumping Segment Solutions vast applications
mergers segment
Improved margin
Healthy return ratios
profile over the
and zero net debt
years
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29

INVESTOR PRESENTATION

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Financial Overview

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30

INVESTOR PRESENTATION

Standalone Income Statement

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Particulars (INR in Mn)	FY20	FY21	FY22	9M-FY23
Revenue from Operations	3,719	3,403	5,298	6,510
Operating Expenses	3,086	2,631	4,453	5,505
EBITDA	633	772	845	1,005
EBITDA Margins (%)	17.02%	22.69%	15.95%	15.44%
Depreciation	57	55	56	42
Finance Cost	102	96	89	83
Other Income	301	172	162	261
PBT	775	794	862	1,141
Taxes	182	197	223	297
PAT	593	597	639	844
PAT Margins (%)	15.93%	17.55%	12.06%	12.96%
Other Comprehensive Income	(3)	3	0	(2)
Total Comprehensive Income	590	600	639	842
Earnings Per Share (EPS)	60.66	61.15	65.40	86.41

31

INVESTOR PRESENTATION

Standalone Balance Sheet

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Particulars (INR Mn)	FY21	FY22	H1-FY23	Particulars (INR Mn)	FY21	FY22	H1-FY23
EQUITY AND LIABILITIES				ASSETS
a) Equity Share Capital	98	98	98	Non-Current Assets
b) Other Equity Shareholders Fund Non-Current Liabilities a) Financial Liabilities i) Borrowings	4,603 4,700 7	5,144 5,241 6	5,402 5,500 5	a) Property, Plant and Equipment c) Goodwill d) Other Intangible Assets f) Financial Assets i) Investments	366 137 2 490	341 137 2 490	304 137 2 490
ii) Lease Liability iii) Provisions c) Deferred tax liabilities (net)	54 36 12	34 41 2	16 41 3	ii) Trade Receivables iii) Loans and Deposits iv) ) Other Financial Assets	376 1,502 39	495 1,738 49	747 1,689 49
Total Non-current Liabilities	109	83	65	h) Non current Tax Assets	38	78	121
				i) Other Non-current Assets	488	450	450
Current Liabilities				Total non-current assets	3,438	3,779	3,990
a) Contract Liabilities	1,010	933	993	Current Assets
b) Financial Liabilities				a) Inventories	584	614	702
i) Borrowings	57	362	583	b) Contract Assets	360	472	796
ii) Lease Liability	24	32	31	c) Financial assets
iii) Trade payables	735	2,198	2,363	i) Trade Receivables	1,543	2,682	2,481
iii) Other financial liabilities	20	21	36	ii) Cash and Cash equivalents	19	301	9
c) Other current liabilities	38	37	12	iii) Bank balances other than (ii) above	515	763	1,239
d) Provisions	50	49	36	v) Other Financial Assets	181	145	128
e) Current tax liabilities	44	32	75	e) Other Current Assets	147	233	349
Total Current Liabilities	1,978	3,664	4,129	Total Current Assets	3,348	5,209	5,703
Total Equity and Liabilities	6,787	8,988	9,693	Total Assets	6,786	8,988	9,693

INVESTOR PRESENTATION

32

Consolidated Income Statement

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Particulars (INR in Mn)	FY20	FY21	FY22	9M-FY23
Revenue from Operations	9,089	9,948	11,813	12,107
Operating Expenses	7,887	8,382	9,710	10,051
EBITDA	1,202	1,565	2,103	2,056
EBITDA Margins (%)	13.22%	15.73%	17.80%	16.98%
Depreciation	373	369	373	268
Finance Cost	210	225	199	167
Other Income	153	95	86	232
Share of profit of an Associate and Joint Venture	11	22	13	10
PBT	783	1,088	1,630	1,863
Taxes	228	305	450	459
Profit/(Loss) from discontinued operations	(17)	204	2	(1)
PAT	538	987	1,182	1,403
PAT Margins (%)	5.92%	9.92%	10.00%	11.59%
Other Comprehensive Income	(32)	140	73	(27.0)
Total Comprehensive Income	506	1,127	1,255	1,376
Earnings Per Share (EPS)	57.56	86.19	99.65	120.5

33

INVESTOR PRESENTATION

Consolidated Balance Sheet

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Consolidated Balance	Sheet
Particulars (INR Mn)	FY21	FY22	H1-FY23
EQUITY AND LIABILITIES
a)EquityShare Capital b)Other Equity	98 5,327	98 6,247	98 6,459
Equityattributable to equityholders of theparent	5,425	6,345	6,557
c)Non-ControllingInterest	474	711	706
Total Equity Liabilities	5,899	7,056	7,263
Non-Current Liabilities
a) Financial Liabilities
i)Borrowings	1,483	1,220	797
ii)Lease Liability	278	247	182
c)Provisions	381	265	238
d)Deferred tax liabilities(net)	25	20	20
Total Non-current Liabilities	2,167	1,753	1,237
Current Liabilities
a)Contract Liabilities	2,281	2,844	4,173
b)Financial Liabilities
i) Borrowings	1,258	1,571	1,618
ii)Lease Liability	99	128	114
iii)Tradepayables	2,523	3,864	3,682
iv)Other financial liabilities	190	199	216
c)Other current liabilities d)Provisions	181 110	164 120	268 101
e)Current tax liabilities	460	373	443
Total Current Liabilities	7,102	9,265	10,615
Total Equityand Liabilities	15,168	18,074	19,115
INVESTOR PRESENTATION

Particulars (INR Mn)	FY21	FY22		H1-FY23
ASSETS
Non-Current Assets
a)Property,Plant and Equipment	3,236		3,164	2,935
b)Capital Work-in-progress	6		92	55
c)Goodwill	612		618	531
d)Other Intangible Assets	437		423	391
e) Investment in an associate and a Joint Venture	147		161	171
f)Financial Assets
i)Investments	8		9	9
ii)Trade Receivables	376		495	747
iii)Loans and Deposits	-		-	144
iv) )Other Financial Assets	65		74	69
g)Deferred tax assets(Net)	91		15	14
h)Non current Tax Assets	38		78	121
i)Other Non-current Assets	488		451	450
Total non-current assets	5,504		5,579	5,637
Current Assets
a)Inventories	2,533		2,955	2,979
b)Contract Assets	1,764		2,492	3,564
c)Financial assets
i)Trade Receivables	3,259		4,268	4,005
ii)Cash and Cash equivalents	912		1213	847
iii)Bank balances other than(ii)above	612		918	1315
iv)Loans	-		1	1
v)Other Financial Assets	49		78	98
d)Current Tax Assets(net)	13		45	35
e)Other Current Assets	522		526	634
Total Current Assets	9,664		12,495	13,478
Total Assets	15,168		18,074	19,115
				34

Consolidated Financial Graphs

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Revenue (INR Mn) EBITDA (INR Mn) & EBIDTA Margins (%) PAT (INR Mn) & PAT Margins (%)
2 ,50 0 3 5.0 0%
11,813 12,107 2 0 , 0 2,103 2,056 3 . 0 0% 3 . 0 0% 1,403 1 60 0
9,948
2 5.0 0%
9,089 1 ,50 0 1,666 2 . 0 0% 2 5.0 0% 1,182 11 4020 00
1,202 2 . 0 0% 987 1 0 0
1 5.0 0%
1 0 , 0 17.80% 1 5.0 0% 8 0
16.75% 16.98%
1 . 0 0% 538 6 0
13.22% 1 . 0 0%
5 0 11.59% 4 0
5 . 0 % 5 . 0 % 9.92% 10.00%
2 0
- 0 . 0 % 0 . 0 % 5.92% 0
FY20 FY21 FY22 9M-FY23 FY20 FY21 FY22 9M-FY23 FY20 FY21 FY22 9M-FY23
Working Capital Days Debt to Equity Return Ratios
0.31
89
17.02% 17.58%
0.21
11.88%
75
0.11
62 16.75%
11.18% 16.73%
FY20 FY21 FY22
FY20 FY21 FY22 FY20 FY21 FY22 RoE (%) RoCE (%)
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35

INVESTOR PRESENTATION

Capital Market Information

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Stock Performance Data (As on 31st December, 2022)

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60.00%
50.00%
40.00%
30.00%
20.00%
10.00%
0.00%
-10.00%
-20.00%
Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22
WPIL Sensex
Price Data (As on 31 [st] December, 2022) INR Shareholding Pattern (As on 31 [st] December, 2022)
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Price Data (As on 31st December, 2022)	INR
Face Value		10.0
CMP		1,174.0
52 Week H/L	1,477.0	/ 802.4
Market Cap. (Mn)	11,466.6
No. of Share outstanding (Mn)		9.7
Avg. Trading Volume ('000)		6,249.4
Avg. Net Turnover (INR)	6,813,576.2

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AIF, 0.45%
DII, 3.81%
FII, 6.32%
Promoters,
Public, 70.80%
18.62%
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36

INVESTOR PRESENTATION

Disclaimer

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WPIL Limited Disclaimer:

No representation or warranty, express or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of WPIL Limited, which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments

This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from

This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner.

Valorem Advisors Disclaimer:

Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review

For further details, please feel free to contact our Investor Relations Representatives:

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Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903-9500 Email: wpil@valoremadvisors.com

37

INVESTOR PRESENTATION

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Thank You

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38

INVESTOR PRESENTATION