KRISHNA Digitally signed by KRISHNA KUMAR KUMAR GANERIWALA Date: 2024.01.06 GANERIWALA 15:59:48 +05'30'

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I N V E S T OR P R E S E N T ATIO N J A N U A RY 2 024

COMPANY SNAPSHOT

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Market Leader
12 Strategic International End to End
Rich Experience in Pumps &
Manufacturing Presence Across Integrated
of 71 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 Jal Jeevan Mission
acquisitions and INR 45,669 Mn flow applications of GOI
joint ventures
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INVESTOR 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, 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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17,848
11,813
9,948
18.19% 7,058
17.81%
19.44%
15.73%
FY21 FY22 FY23 H1-FY24
Revenue EBITDA Margin
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H1-FY24 Geographical Revenue (%)

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International
48% India
52%
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INVESTOR PRESENTATION

71 YEARS LEGACY OF DELIVERING FLOW SOLUTIONS

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Incorporated as Johnson Pumps India Ltd. with the objective of manufacturing vertical/horizontal pumps, castings and valves

With a wide range of centrifugal pumps, WPIL grew its domestic client range while expanding and modernizing production facilities

WPIL grows international footprint with mid-market acquisitions in Australia (Sterling Pumps), South Africa (APE Pumps, Mather & Platt)

WPIL builds out capabilities and order book to become one of India’s leading turn-key project players

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1952 1983 1992-2000 2001 2011-2012 2015 2017-Present
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Johnston Pumps acquired by Worthington Pumps Inc., USA, enabling product range expansion, core pump technology addition, and R&D center establishment. Renamed as Worthington Pumps India Ltd.

WPIL starts aggressive product expansion, development of export markets and establishes its Turnkey Project division.

Cements position as a world player with acquisition of Italybased pump conglomerate, Gruppo Aturia

INVESTOR PRESENTATION

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

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 years of experience in the overall 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.

Mr. Samarendra Nath Roy Independent Director - ex ED Bhel , experience in Engg sector
Mr Anjan Dasgupta Independent Director - ex FD BHEL , finance experience
Mr Rakesh Amol Independent Director - ex Alstom Director , project experience
Mrs Samarpita Bose Independent Director - Corporate communications experience
Mr. Brahma Prakash Khare Executive Director (Operations) – ME (Mechanical) with rich experience of 45 years in Pump Industries in the area of design, quality, assurance, Manufacturing and all related fields of operations
Mr. Ashok Kumar Pradhan Independent Director – ex MD & CEO of United Bank of India, thorough experience in banking

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 (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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H1-FY24 Revenue Mix (INR Mn)

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India
3,675
International
3,383
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Total : ~ 7,058 INR Mn

Large engineering and back-office team remains in India

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Australia
South
45
Africa
120
India
Italy
600
260
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Total : ~1,025 Manpower

INVESTOR 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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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.

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.
One of the largest pump test laboratory in Asia.

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INVESTOR PRESENTATION

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BUSINESS OVERVIEW

BUSINESS STRUCTURE

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WPIL Ltd.
INDIA INTERNATIONAL
52% 48%
Project Product South Africa Italy Australia
71% 29% 18% 71% 11%
Gruppo Aturia
Conventional Engineered Drainage
Irrigation Municipal Industry
Pumps Pumps Pumps AUDOLI & ARIS
BERTOLA CHIAPPA
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% numbers are revenue share as on Q2-FY24 end

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 firefighting pumps across Thermal and Nuclear power plant.

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.
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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Product Revenue (INR Mn)

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9,027
7,737
7,577
4,195
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FY21 FY22 FY23 H1 FY24
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INVESTOR PRESENTATION

PRODUCTS - CONVENTIONAL PUMPS

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Vertically Positioned

Horizontally Positioned

Submersible

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Engineered Pumps

Fire Fighting

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INVESTOR PRESENTATION

DIVERSIFIED PRODUCT RANGE

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Turbine

Mixed Flow

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Split Case

Multistage

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Submersible Centrifugal

Sewage

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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

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

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

Project Revenue (INR Mn)

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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8,821
4,236
2,862
2,211
FY21 FY22 FY23 H1 FY24
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Domestic Order Book (INR Mn)
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39,550
37,394
28,040
24,117
FY21 FY22 FY23 H1-FY24
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INVESTOR PRESENTATION

PROJECT - IRRIGATION

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•
•
•
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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 Electromechanical & instrumentation work
Automation Irrigation Area cover: 80,000 Hectare

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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

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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 Electromechanical & 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

INVESTOR PRESENTATION

PROJECT - 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

INVESTOR PRESENTATION

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PROJECT - INDUSTRIAL

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Durgapur Steel
Plant, SAIL
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Salem Steel Plant

Supply and Installation 46 Nos. VT & Horizontal Pumps.
• Supply and Installation of 2 x 4 MVA ONAN Transformer
Fire Fighting Water System Package For Different Plants

• Operations Involving Large No Of Both H.T & L.T Motor, Pump sets, pipeline, valves, instrumentation, SCADA, etc.

Construction of Recirculation Water Pump House

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Circulating Water And Clarified System At STPS, MPPGCL, SARNI

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

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.
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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7,824
6,560 6,634
3,383
FY21 FY22 FY23 H1 FY24
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H1 - FY24 International Order Book
Breakup (%)
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South Africa
10%
Australia
Italy 17%
73%
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Total : ~ 8,275 INR Mn

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.

INVESTOR PRESENTATION

INTERNATIONAL OPERATIONS – SOUTH AFRICA

Pumps and spares are being supplied to many Institutions and industries including:

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Water and Sewage Municipalities
Mining Institutions
Power Generation
Petrochemical Industries
Pulp and Paper Sector
Ports and Harbors

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Revenue (INR Mn)

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953
772
629 625
FY21 FY22 FY23 H1 FY24
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Major Corporate Clients

INVESTOR PRESENTATION

INTERNATIONAL OPERATIONS – ITALY

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WPIL Ltd. acquired Gruppo Aturia 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.

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) have the highest revenue contribution by application.

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Revenue (INR Mn)
6,198
5,331 5,400
2,399
FIRE
INDUSTRY WATER OIL & GAS
FIGHTING
FY21 FY22 FY23 H1 FY24
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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.

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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 multistage 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

Experience highlights include:

Pumps in every Oil & Gas Australian and New Zealand Refinery
Refineries in Thailand, Philippines, Singapore, and China
Pipeline Pumps inAustralia, PNG, and New Zealand
Coverage of FPSO, LNG, and CO2 Removal applications

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Revenue (INR Mn)
900 790
800
605
600 457
500 359
400
300
200
-
FY21 FY22 FY23 H1 FY24
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Major Corporate Clients

INVESTOR PRESENTATION

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STRATEGIC OVERVIEW

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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. • 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

• 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.

INVESTOR PRESENTATION

VALUE PROPOSITION

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

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FINANCIAL OVERVIEW

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STANDALONE FINANCIAL PERFORMANCE

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Particulars (INR in Mn)	FY21	FY22	FY23	H1-FY24
Revenue from Operations	3,403	5,298	10,024	3,675
Operating Expenses	2,631	4,432	8,264	3,068
EBITDA	772	866	1,760	607
EBITDA Margins (%)	22.69%	16.35%	17.56%	16.52%
Depreciation	55	56	55	34
Finance Cost	96	89	121	82
Other Income	172	141	317	121
PBT	794	862	1,901	612
Taxes	197	223	471	157
PAT	597	639	1,430	455
PAT Margins (%)	17.55%	12.06%	14.27%	12.38%
Other Comprehensive Income	3	0	(3)	(2)
Total Comprehensive Income	600	639	1,427	453
Earnings Per Share (EPS)	61.15	65.40	146.44	46.57

INVESTOR PRESENTATION

STANDALONE BALANCE SHEET

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Particulars (INR Mn)	FY22	FY23	H1-FY24	Particulars (INR Mn)	FY22	FY23	H1-FY24
EQUITY AND LIABILITIES				ASSETS
a) Equity Share Capital b) Other Equity Shareholders Fund Non-Current Liabilities	98 5,143 5,241	98 6,472 6,570	98 6,729 6,827	Non-Current Assets a) Property, Plant and Equipment b) Capital Work-in-progress c) Goodwill d) Other Intangible Assets	341 - 137 2	741 1 137 3	750 - 137 4
a) Financial Liabilities				e) Financial Assets
i) Borrowings	6	4	4	i) Investments	490	490	490
ii) Lease Liability	34	2	0	ii) Trade Receivables	495	819	931
iii) Provisions	41	67	71	iii) Loans and Deposits	1,738	1,849	1,973
c) Deferred tax liabilities (net)	-	-	-	iv) Other Financial Assets	49	60	68
Total Non-current Liabilities	81	73	75	f) Deferred Tax Assets	(2)	3	3
Current Liabilities				h) Non current Tax Assets	78	57	163
a) Contract Liabilities	933	1,409	1,704	i) Other Non-current Assets Total non-current assets	454 3,782	29 4,189	31 4,550
b) Financial Liabilities				Current Assets
i) Borrowings	362	405	950	a) Inventories	614	802	956
ii) Lease Liability	32	30	16	b) Contract Assets	472	1,231	1,142
iii) Trade payables	2,198	2,894	1,501	c) Financial assets
iii) Other financial liabilities	21	30	67	i) Trade Receivables	2,682	3,323	2,724
c) Other current liabilities	37	127	34	ii) Cash and Cash equivalents	300	161	144
d) Provisions	49	47	51	iii) Bank balances other than (ii) above	763	1,412	1,374
e) Current tax liabilities	32	30	68	v) Other Financial Assets	140	182	151
Total Current Liabilities Total Equity and Liabilities	3,664 8,986	4,972 11,615	4,391 11,293	e) Other Current Assets Total Current Assets Total Assets	233 5,204 8,986	315 7,426 11,615	252 6,743 11,293

EARNINGS PRESENTATION

CONSOLIDATED FINANCIAL PERFORMANCE

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PARTICULARS (INR IN MN)f	FY21	FY22	FY23	H1-FY24
Revenue from Operations	9,948	11,813	17,848	7,058
Operating Expenses	8,382	9,710	14,602	5,686
EBITDA	1,565	2,104	3,246	1,372
EBITDA Margins (%)	15.73%	17.81%	18.19%	19.44%
Depreciation	369	373	358	188
Finance Cost	225	199	247	152
Other Income	95	86	282	102
Share of profit of an Associate and Joint Venture	22	13	27	13
PBT	1,088	1,631	2,950	1,147
Taxes	305	448	750	314
Profit/(Loss) from discontinued operations	204	(1)	(3)	(0)
PAT	987	1,182	2,197	833
PAT Margins (%)	9.92%	10.01%	12.31%	11.80%
Other Comprehensive Income	140	73	(125)	11
Total Comprehensive Income	1,127	1,255	2,072	844
Earnings Per Share (EPS)	86.19	99.65	193.68	67.89

INVESTOR PRESENTATION

CONSOLIDATED BALANCE SHEET

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PARTICULARS (INR MN)	FY22	FY223	H1-FY24	PARTICULARS (INR MN)	FY22	FY23	H1-FY24
EQUITY AND LIABILITIES				ASSETS
a) Equity Share Capital	98	98	98	Non-Current Assets
b) Other Equity Equity attributable to equity holders of the parent c) Non-Controlling Interest Total Equity Liabilities	6,247 6,345 711 7,056	8,001 8,099 1,030 9,129	8,472 8,570 1,181 9,751	a) Property, Plant and Equipment b) Capital Work-in-progress c) Goodwill d) Other Intangible Assets e) Investment in an associate and Joint Venture	3,164 92 618 423 161	3,649 90 550 471 187	3,599 97 533 511 201
Non-Current Liabilities				f) Financial Assets
a) Financial Liabilities				i) Investments	8	10	10
i) Borrowings	1,220	911	782	ii) Trade Receivables	495	817	931
ii) Lease Liability	247	204	175	iii) Loans and Deposits	-	129	140
iii) Other Financial Liabilities	-	10	9	iv) ) Other Financial Assets	74	87	93
c) Provisions d) Deferred tax liabilities (net) Total Non-current Liabilities Current Liabilities a) Contract Liabilities	266 20 1,753 2,844	241 95 1,461 4,001	245 93 1,304 2,972	g) Deferred tax assets (Net) h) Non current Tax Assets i) Other Non-current Assets Total non-current assets Current Assets a) Inventories	15 78 451 5,579 2,955	6 58 30 6,084 3,419	7 163 31 6,316 3,580
b) Financial Liabilities				b) Contract Assets	2,492	3,768	1,926
i) Borrowings	1,571	1,352	1,915	c) Financial assets
ii) Lease Liability	128	112	79	i) Trade Receivables	4,268	5,187	4,569
iii) Trade payables	3,865	4,715	2,615	ii) Cash and Cash equivalents	1,212	971	1,149
iv) Other financial liabilities	200	260	267	iii) Bank balances other than (ii) above	918	1,618	1,580
c) Other current liabilities	164	289	217	iv) Loans	1	1	0
d) Provisions e) Current tax liabilities	120 373	118 383	118 498	v) Other Financial Assets d) Current Tax Assets (net) e) Other Current Assets	78 45 526	104 92 576	113 53 450
Total Current Liabilities	9,265	11,230	8,618	Total Current Assets	12,495	15,736	13,420
Total Equity and Liabilities	18,074	21,820	19,736	Total Assets	18,074	21,820	19,736

INVESTOR 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%
17,848 3,500 3,246 45.00% 30.00% 2,197 2500
40.00%
3,000 25.00% 2000
35.00%
2,500 30.00% 20.00%
11,813 2,104 1500
9,948
2,000 1,565 1,372 25.00%20.00% 15.00% 987 1,182 833
7,058 1,500 1000
15.00% 10.00%
1,000 17.81% 18.19% 12.31%
500 15.73% 19.44% 10.00% 5.00% 9.92% 10.01% 11.80% 500
5.00%
- 0.00% 0.00% 0
FY21 FY22 FY23 H1-FY24 FY21 FY22 FY23 H1-FY24 FY21 FY22 FY23 H1-FY24
Working Capital Days Net Debt to Equity Ratio (x) Return Ratios (%)
0.21 27.27%
139
19.63%
118 14.83%
89 11.88%
79
0.09
24.06%
11.18% 16.73% 16.75%
- -
FY20 FY21 FY22 FY23
FY21 FY22 FY23 H1-FY24 FY21 FY22 FY23 H1-FY24
RoE (%) RoCE (%)
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EARNINGS PRESENTATION

CAPITAL MARKET INFORMATION

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Stock Performance Data (As on 30th September, 2023)

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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|200%|
|150%|
|100%|
|50%|
|0%|
|-50%|
|Oct-22|Nov-22|Dec-22|Jan-23|Feb-23|Mar-23|Apr-23|May-23|Jun-23|Jul-23|Aug-23|Sep-23|
|WPIL|Sensex|
|Price|Data|(As|on|30|[th]|September,|2023)|INR|Shareholding Pattern (As on 30th September, 2023)|
|Face Value|10.0|
|AIF 0.26%|
|DII 2.43%|
|CMP|2,902.0|
|FII 5.89%|
|52 Week H/L|3,824.8 / 1,059.8|
|Market Cap. (Mn)|28,343.6|Promoters|
|Public|70.80%|
|No. of Share outstanding (Mn)|9.8|20.62%|
|Avg. Trading Volume ('000)|10.0|
|Avg. Net Turnover (Mn)|24.3|

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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: Mr. Anuj Sonpal

Valorem Advisors Tel: +91-22-49039500 Email: [email protected] Investor kit link: www.valoremadvisors.com/mallcom/

INVESTOR PRESENTATION

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THANK YOU

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AI assistant

WPIL Ltd — Investor Presentation 2024

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