KRISHNA KUMAR GANERIWALA

Digitally signed by KRISHNA KUMAR GANERIWALA Date: 2024.05.27 19:37:59 +05'30'

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E A R N I N G S P R E S E N T A T I O N - Q 4 F Y 2 4 / F Y 2 4

COMPANY SNAPSHOT

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Market Leader in
10 Strategic International End to End
Rich Experience Pumps &
Manufacturing Presence Across Integrated Pumping
of 71 Years Pumping
Locations 4 Locations Solutions
Systems
Strong global
presence via Consolidated Partner of choice Proud to be part of
focussed Orderbook ~ for engineered flow Jal Jeevan Mission
acquisitions and INR 38,597 Mn applications of GOI
joint ventures
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EARNINGS PRESENTATION

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COMPANY OVERVIEW

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Operating Revenue (INR Mn) and EBITDA Margins (%)

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 71 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, South Africa, Australia and Thailand through its Group companies.
Constant investment in manufacturing and R&D supported by 10 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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16,644
16,055
11,813
9,948
17.92%
17.81% 16.66%
15.73%
FY21 FY22 FY23 FY24
Revenue EBITDA Margin
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FY24 Geographical Revenue (%)
International
35%
India
65%
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EARNINGS 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 (6 companies) – Italy (Gruppo Aturia, 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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Italy
India
South Africa
Australia
a
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FY24 Revenue Mix (INR Mn)
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International
5,875
India
10,769
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Total : ~ 16,644 INR Mn
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Large engineering and back-office team
remains in India
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Australia
South
Africa 50
120
Italy
196 India
645
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Total : ~ 1,011 Manpower

EARNINGS PRESENTATION

INDIA OPERATIONS - STATE-OF-ART MANUFACTURING FACILITIES

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Kolkata

Engineered Pump Division is Located about 25 KM from Kolkata, the plant has ~20,000 sq. meters of floorspace.

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Delhi

Industrial Pump Division is Located about 20 KM from Delhi, the plant has ~49,000 sq. meters of floorspace.

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Nagpur

Engineered Pump Division is Located about 26 KM from Nagpur, the plant has ~70,000 sq. meters of floorspace.

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Thane

Drainage Pump Division is Located about 21 KM from Mumbai, the plant has ~6,000 sq. meters of floorspace.

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Delhi
Nagpur
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EARNINGS PRESENTATION

BUSINESS STRUCTURE

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WPIL Ltd.
International
India
35%
65%
Project Product South Africa Italy Australia
76% 24% 20% 63% 17%
Gruppo Aturia
Conventional Engineered Drainage
Irrigation Municipal Industry
Pumps Pumps Pumps AUDOLI & ARIS
BERTOLA CHIAPPA
% numbers are revenue share as on FY24 end
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EARNINGS 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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Municipal

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

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Fire Fighting

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

Oil and Gas

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

Conventional and Nuclear Power

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

EARNINGS 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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EARNINGS PRESENTATION

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Q4-FY24 / FY24 FINANCIAL OVERVIEW

EARNINGS PRESENTATION

FINANCIAL HIGHLIGHTS

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Q4-FY24 Standalone Performance	Q4-FY24 Standalone Performance	Q4-FY24 Standalone Performance	Q4-FY24 Consolidated Performance	Q4-FY24 Consolidated Performance	Q4-FY24 Consolidated Performance
INR 4,351 Mn Operating Income	INR 798 Mn Operating EBITDA	18.34 % Operating EBITDA Margins	INR 5,914 Mn Operating Income	INR 1,024 Mn Operating EBITDA	17.31 % Operating EBITDA Margins
INR 559 Mn	12.85 %	INR 57.28/Share	INR 658 Mn	11.13 %	INR 65.31/Share
Net Profit	PAT Margins	Diluted EPS	Net Profit	PAT Margins	Diluted EPS
FY24 Standalone Performance			FY24 Consolidated Performance
INR 10,769 Mn Operating Income	INR 1,930 Mn Operating EBITDA	17.92 % Operating EBITDA Margins	INR 16,644 Mn Operating Income	INR 2,982 Mn Operating EBITDA	17.92 % Operating EBITDA Margins
INR 1,420 Mn	13.19 %	INR 145.42/Share	INR 6,838 Mn	41.08 %	INR 486.35/Share
Net Profit	PAT Margins	Diluted EPS	Net Profit	PAT Margins	Diluted EPS

Please note : Previous Period Numbers have been regrouped, wherever relevant, on account of Sale of Rutschi Business.

EARNINGS PRESENTATION

Q4FY24/FY24 HIGHLIGHTS - DOMESTIC

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Domestic revenues grew 7.4% YoY in FY24 to INR 10,769 Mn

Product Business

Product division revenues grew 18% YoY in FY24 to INR 2,600 Mn while the order book grew 10.5% YoY to INR 3,470 Mn, giving a strong revenue visibility and outlook for FY25
The outlook for the Product division has improved considerably with successful development of new products for the Oil & Gas and Sewage / Drainage segments
Navy order execution is on track and should aid strong revenue growth from FY25 onwards.

Projects Business

Projects division revenues grew 4.2% YoY in FY24 to INR 8,161 Mn with record INR 3,428 Mn order execution in the 4[th] Quarter of FY24
Project execution has gained strong momentum we are happy to inform that we are ahead of schedule in few projects in the state of West Bengal.
One of the Madhya Pradesh Jal Nigam contract was terminated by the client on grounds of slow progress. The company has disputed the termination on the grounds that land for construction was allotted only in December 2023 which led to the delay in the project. All contractual remedies are being explored to protect the company's interests
All other 8 projects of Madhya Pradesh Jal Nigam are on track and progressing well

EARNINGS PRESENTATION

Q4FY24/FY24 HIGHLIGHTS - INTERNATIONAL

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The outlook for core industrial pumps business of Gruppo Aturia, Italy remains strong driven by strong demand in MENA region and strong after- market revenues from Finder
Successful divestment of the nuclear business of Rutschi has allowed us to focus on core industrial pump business. We are pursuing Inorganic opportunities in this space and are hopeful of positive outcomes by mid FY25
WPIL South Africa is performing well with continuous focus on the water sector and frequent after- market contracts from Eskom Power
Both Sterling Pumps and United Pumps Australia have record order books and are expected to post strong revenue growth in FY25
WPIL Thailand posted record revenues in FY24 and we expect this momentum to continue with opportunities from new Thai Government’s focus on Irrigation and drainage projects

EARNINGS PRESENTATION

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DOMESTIC - PROJECT REVENUE
Project Revenue (INR Mn)
3,428 8,161
7,836
2,955
Q4 - FY23 Q4 - FY24 FY 23 FY 24
ANNUAL
QUARTERLY
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EARNINGS PRESENTATION

DOMESTIC - PRODUCT REVENUE

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Product Revenue (INR Mn)
2,608
920
559
2,188
FY 23 FY 24
Q4 FY23 Q4 FY24
ANNUAL
QUARTERLY
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EARNINGS PRESENTATION

ORDER BOOK

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Domestic Order Book (INR Mn)
FY24 International Order Book Breakup (%)
36,410
30,540
Construction Construction
South Africa
31,510 25,250 Italy
24%
42%
Australia
34%
3,140 3,477
O/M O/M
4,900 5,290
Total : ~ 4,580 INR Mn
FY 23 FY 24
Project Product
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EARNINGS PRESENTATION

QUARTERLY STANDALONE FINANCIAL PERFORMANCE

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Particulars (INR Mn) Q4-FY24 Q4-FY23 Y-o-Y Q3-FY24 Q-o-Q
Revenue from Operations 4,351 3,515 23.8% 2,743 58.6%
Operating Expenses 3,553 2,760 28.7% 2,219 60.1%
EBITDA 798 755 5.7% 524 52.3%
EBITDA Margins (%) 18.34% 21.48% (314) Bps 19.10% (76) Bps
Depreciation 18 13 38.5% 18 0.0%
Finance Cost 44 38 15.8% 45 (2.2)%
Other Income 61 56 8.9% 122 (50.0)%
PBT 797 760 4.9% 583 36.7%
Taxes 238 174 36.8% 177 34.5%
PAT 559 586 (4.6)% 406 37.7%
PAT Margins (%) 12.85% 16.67% (382) Bps 14.80% (195) Bps
Other Comprehensive Income 4 (1) NA (1) NA
Total Comprehensive Income 563 585 (3.8)% 405 39.0%
Diluted EPS (INR per share) 57.28 60.03 (4.6)% 41.56 37.8%
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EARNINGS PRESENTATION

ANNUAL STANDALONE FINANCIAL PERFORMANCE

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Particulars (INR Mn) FY24 FY23 Y-o-Y
Revenue from Operations 10,769 10,024 7.4%
Operating Expenses 8,839 8,264 7.0%
EBITDA 1,930 1,760 9.7%
EBITDA Margins (%) 17.92% 17.56% 36 Bps
Depreciation 70 55 27.3%
Finance Cost 172 121 42.1%
Other Income 304 317 (4.1)%
PBT 1,992 1,901 4.8%
Taxes 572 471 21.4%
PAT 1,420 1,430 (0.7)%
PAT Margins (%) 13.19% 14.27% (108) Bps
Other Comprehensive Income 1 (3) NA
Total Comprehensive Income 1,421 1,427 (0.4)%
Diluted EPS (INR per share) 145.42 146.44 (0.7)%
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EARNINGS PRESENTATION

QUARTERLY CONSOLIDATED FINANCIAL PERFORMANCE

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Particulars (INR Mn) Q4-FY24 Q4-FY23 Y-o-Y Q3-FY24 Q-o-Q
Revenue from Operations 5,914 5,204 13.6% 4,307 37.3%
Operating Expenses 4,890 4,181 17.0% 3,607 35.6%
EBITDA 1,024 1,023 0.1% 700 46.3%
EBITDA Margins (%) 17.31% 19.66% (235) Bps 16.25% 106 Bps
Depreciation 80 69 15.9% 77 3.9 %
Finance Cost 70 74 (5.4)% 93 (24.7)%
Other Income 106 26 NA 90 17.8%
Share of profit of an Associate and Joint Venture 15 16 (6.3)% 24 (37.5)%
PBT 995 922 7.9% 644 54.5%
Taxes 259 261 (0.8)% 229 13.1%
Profit/(Loss) from discontinued operations (78) 133 NA 4,931 NA
PAT 658 794 (17.1)% 5,346 * (87.7)%
PAT Margins (%) 11.13% 15.26 % (413) Bps 124.12% NA
Other Comprehensive Income (182) (99) 83.8% 271 NA
Total Comprehensive Income 476 695 (31.5)% 5,617 (91.5)%
Diluted EPS (INR per share) 65.31 73.17 (10.7)% 353.15 (81.5)%
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Number includes Profit on disposal of Rutschi Business

EARNINGS PRESENTATION

ANNUAL CONSOLIDATED FINANCIAL PERFORMANCE

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Particulars (INR Mn) FY24 FY23 Y-o-Y
Revenue from Operations 16,644 16,055 3.7%
Operating Expenses 13,662 13,381 2.1%
EBITDA 2,982 2,674 11.5%
EBITDA Margins (%) 17.92% 16.66% 126 Bps
Depreciation 301 279 7.9%
Finance Cost 308 237 30.0%
Other Income 282 240 17.5%
Share of profit of an Associate and Joint Venture 53 27 96.3%
PBT 2,708 2,425 11.7%
Taxes 778 646 20.4%
Profit/(Loss) from discontinued operations 4,908 418 NA
PAT 6,838 2,197 NA
PAT Margins (%) 41.08% 13.68% NA
Other Comprehensive Income 99 (125) NA
Total Comprehensive Income 6,937 2,072 NA
Diluted EPS (INR per share) 486.35 193.68 NA
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EARNINGS PRESENTATION

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HISTORICAL FINANCIAL OVERVIEW

EARNINGS PRESENTATION

STANDALONE FINANCIAL PERFORMANCE

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Particulars (INR in Mn)	FY21	FY22	FY23	FY24
Revenue from Operations	3,403	5,298	10,024	10,769
Operating Expenses	2,631	4,432	8,264	8,839
EBITDA	772	866	1,760	1,930
*EBITDA Margins (%)*	22.69%	16.35%	17.56%	*17.92%*
Depreciation	55	56	55	70
Finance Cost	96	89	121	172
Other Income	172	141	317	304
PBT	794	862	1,901	1,992
Taxes	197	223	471	572
PAT	597	639	1,430	1,420
*PAT Margins (%)*	17.55%	12.06%	14.27%	*13.19%*
Other Comprehensive Income	3	0	(3)	1
Total Comprehensive Income	600	639	1,427	1,421
Earnings Per Share (EPS)	61.15	65.40	146.44	145.42

EARNINGS PRESENTATION

STANDALONE BALANCE SHEET

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Particulars (INR Mn) FY22 FY23 FY24 Particulars (INR Mn) FY22 FY23 FY24
ASSETS
EQUITY AND LIABILITIES
Non-Current Assets
a) Equity Share Capital 98 98 98
a) Property, Plant and Equipment 341 742 864
b) Other Equity 5,143 6,472 7,502 b) Capital Work-in-progress - 1 22
Shareholders Fund 5,241 6,570 7,600 c) Goodwill 137 137 137
Non-Current Liabilities d) Other Intangible Assets 2 3 4
a) Financial Liabilities e) Financial Assets
i) Borrowings 6 4 74 i) Investments 490 490 490
ii) Lease Liability 34 2 - ii) Trade Receivables 495 817 1,287
iii) Provisions 41 67 66 iii) Loans and Deposits 1,738 1,849 1,027
c) Deferred tax liabilities (net) - (3) 1 iv) Other Financial Assets 49 60 82
- -
Total Non-current Liabilities 81 70 141 f) Deferred Tax Assets (2)
h) Non current Tax Assets 78 58 51
Current Liabilities
i) Other Non-current Assets 454 29 29
a) Contract Liabilities 933 1,614 1,927 Total non-current assets 3,782 4,186 3,993
b) Financial Liabilities Current Assets
i) Borrowings 362 405 1,299 a) Inventories 614 802 1,395
ii) Lease Liability 32 30 - b) Contract Assets 472 1,150 1,268
iii) Trade payables 2,198 2,894 3,635 c) Financial assets
iii) Other financial liabilities 21 30 56 i) Trade Receivables 2,682 3,609 6,078
c) Other current liabilities 37 127 212 ii) Cash and Cash equivalents 300 161 169
d) Provisions 49 47 65 iii) Bank balances other than (ii) above 763 1,412 1,713
v) Other Financial Assets 140 182 88
e) Current tax liabilities 32 30 101
e) Other Current Assets 233 315 332
Total Current Liabilities 3,664 5,177 7,295
Total Current Assets 5,204 7,631 11,043
Total Equity and Liabilities 8,986 11,817 15,037
Total Assets 8,986 11,817 15,037
EARNINGS PRESENTATION 23
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CONSOLIDATED FINANCIAL PERFORMANCE

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Particulars (INR in Mn)	FY21	FY22	FY23	FY24
Revenue from Operations	9,948	11,813	16,055	16,644
Operating Expenses	8,382	9,710	13,380	13,662
EBITDA	1,565	2,104	2,674	2,982
*EBITDA Margins (%)*	15.73%	17.81%	*16.66%*	*17.92%*
Depreciation	369	373	279	301
Finance Cost	225	199	237	308
Other Income	95	86	240	282
Share of profit of an Associate and Joint Venture	22	13	27	53
PBT	1,088	1,631	2,425	2,708
Taxes	305	448	646	778
Profit/(Loss) from discontinued operations	204	(1)	418	4,908
PAT	987	1,182	2,197	6,838
*PAT Margins (%)*	9.92%	10.01%	*13.68%*	*41.08 %*
Other Comprehensive Income	140	73	(125)	99
Total Comprehensive Income	1,127	1,255	2,072	6,937
Earnings Per Share (EPS)	86.19	99.65	193.68	486.35

EARNINGS PRESENTATION

CONSOLIDATED BALANCE SHEET

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Particulars (INR Mn) FY22 FY23 FY24 Particulars (INR Mn) FY22 FY23 FY24
EQUITY AND LIABILITIES ASSETS
a) Equity Share Capital 98 98 98 Non-Current Assets
b) Other Equity 6,247 8,001 12,361 a) Property, Plant and Equipment 3,164 3,649 3,415
Equity attributable to equity holders of the parent 6,345 8,098 12,459 b) Capital Work-in-progress 92 90 138
c) Non-Controlling Interest 711 1,030 3,104 c) Goodwill 618 550 566
Total Equity 7,056 9,129 15,563 d) Other Intangible Assets 423 471 411
e) Investment in an associate and Joint
Liabilities 161 187 240
Venture
Non-Current Liabilities
f) Financial Assets
a) Financial Liabilities i) Investments 8 10 10
i) Borrowings 1,220 911 265 ii) Trade Receivables 495 817 1,287
ii) Lease Liability 247 204 104 iii) Loans and Deposits - 129 141
iii) Other Financial Liabilities - 9 9 iv) ) Other Financial Assets 74 87 706
c) Provisions 266 242 178 g) Deferred tax assets (Net) 15 6 -
d) Deferred tax liabilities (net) 20 95 58 h) Non current Tax Assets 78 58 80
i) Other Non-current Assets 451 30 29
Total Non-current Liabilities Current Liabilities 1,753 1,461 614 Total non-current assets 5,579 6,084 7,023
Current Assets
a) Contract Liabilities 2,844 4,206 2,478
a) Inventories 2,955 3,419 3,700
b) Financial Liabilities b) Contract Assets 2,492 3,687 1,271
i) Borrowings 1,571 1,352 1,800 c) Financial assets
ii) Lease Liability 128 112 35 i) Trade Receivables 4,268 5,472 7,315
iii) Trade payables 3,865 4,715 4,591 ii) Cash and Cash equivalents 1,212 971 4,360
iv) Other financial liabilities 200 261 221 iii) Bank balances other than (ii) above 918 1,618 1,927
c) Other current liabilities 164 287 413 iv) Loans 1 1 1
d) Provisions 120 118 136 v) Other Financial Assets 78 104 99
d) Current Tax Assets (net) 45 92 25
e) Current tax liabilities 373 383 429
e) Other Current Assets 526 577 559
Total Current LiabilitiesTotal Equity and Liabilities 18,0749,265 1122,,434024 1026,,103280 Total Current AssetsTotal Assets 1218,,495074 1522,,940024 1926,,257280
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EARNINGS PRESENTATION

CONSOLIDATED FINANCIAL GRAPHS

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Revenue (INR Mn) EBITDA (INR Mn) & EBIDTA Margins (%) PAT (INR Mn) & PAT Margins (%)
4,000 50.00%
16,055 16,644 3,500 45.00% 60.00% 2500
2,982
3,000 2,674 40.00% 50.00% 1930 2000
35.00% 1,779
9,948 11,813 2,500 2,104 30.00% 40.00% 1500
2,000 1,565 25.00% 30.00% 1,182
20.00% 987
1,500 1000
15.00% 20.00% 10.01% 11.08% 11.60%
1,000 15.73% 17.81% 16.66% 17.92% 10.00% 9.92% 500
10.00%
500 5.00%
- 0.00% 0.00% 0
FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 * FY24
Excludes Rutschi Business
Working Capital Days Net Debt to Equity Ratio (x) Return Ratios (%)
22.22% 25.40%
19.63%
0.21 14.83%
139
120
89
20.81%
79
0.09 16.75% 19.48%
16.73%
- - FY21 FY22 FY23 FY24
FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 RoE (%) RoCE (%)
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EARNINGS PRESENTATION

CAPITAL MARKET INFORMATION

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Stock Performance Data (As on 31st March, 2024)
85%
75%
65%
55%
45%
35%
25%
15%
5%
-5%
Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24
WPIL Sensex
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	Price Data (As on 31st March, 2024)	INR
	Face Value	10.0
	CMP 52 Week H/L Market Cap. (Mn) No. of Share outstanding (Mn) Avg. Trading Volume	3,390.45 4,624.6 / 2,407.2 33,114.8 9.8 10,201.3
	Avg. Net Turnover (Mn)	32.0

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Shareholding Pattern (As on 31st March, 2024 )
AIF 0.19%
DII 2.43%
FII 5.82%
Promoters
Public 70.80%
20.76%
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EARNINGS 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: [email protected]

EARNINGS PRESENTATION

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Thank You

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EARNINGS PRESENTATION

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WPIL Ltd — Investor Presentation 2024

62191_rns_2024-05-27_40ea1eae-48e3-47e2-a29a-af6bd8bb9035.pdf

COMPANY SNAPSHOT

COMPANY OVERVIEW