Fujiyama Power Systems Limited · NSE:UTLSOLAR
Fujiyama Power Systems — Q4 FY2026 Earnings Presentation
26 slides from Fujiyama Power Systems's earnings presentation, May 15, 2026
Slide 1: Letter to stock exchanges: Analysts/Investors Presentation
SUTLSOLAR 15 May, 2026 The Manager The Manager Listing Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejecbhoy Towers Bandra Kurla Complex Dalal Street, Fort Bandra (E), Mumbai 400 051 Mumbai 400 001 Maharashtra, India Mahara
Slide 2: Q4 and FY26 Earnings Presentation
Q4 and FY26 (NSE: UTLSOLAR; BSE: 544613) Earnings Presentation
Slide 3: Powering India with an Integrated Energy Future
Powering India with an Integrated Energy Future GUTL SOLAR Customers benefit from uninterrupted electricity supply and attractive return on investment FUS(YAMA SOLAR Inverters/ PCU Lithium / Tabular MonoPERC / TopCon Fay | E-Rickshaw Chargers Suit Y PWM Solar get 6 cat Mt =.=: Charge Controller Off
Slide 4: Strategic Backward Integration to Address DCR-driven Demand
Strategic Backward Integration to Address DCR-driven Demand @UTL SOLAR FUSVYAMA SOLAR Expanding into DCR-Compliant Solar Cell Manufacturing to Capture Growing On-grid Rooftop Solar Demand Under PM Surya Ghar Yogna PM Surya Ghar continues to scale residential solar adoption, With over 7 million insta
Slide 5: Management Commentary
Management Commentary GUTL SOLAR Commenting on the performance Mr. Pawan Kumar Garg, Chairman and Joint Managing Director, said: FUSIYAMA SOLAR “Following the successful completion of our IPO, FY2026 marks our first full year financial reporting post becoming listed company and an important step for
Slide 6: Q4 and FY2026 Performance Highlights
Q4 and FY2026 Performance Highlights GUTLSOLAR ee Rs. Million FUSY, ANA Revenue from Operations EBITDA and Margin (%) I Potente 87.5% Jor ttt 1 ry 72.3% |-7 Fortes 116.9 Frrcc- 1 I r1 97.3% |-17 | | 1 | I I I 26,585 % I 4,903 I I I I , 15,407 I I 1 2,485 9,008 | 1,715 | 4,803 5,885 I 790 1,099 I I I
Slide 7: FY2026 Capital Structure and Working Capital
FY2026 Capital Structure and Working Capital GUTL SOLAR FUSIYAMA SOLAR Coa) WV ET ger} Mar-25 Mar-26 Net Working Capital Days* Long Term Debt 632 885 1,361 Short Term Debt 1,370 2,577 3,254 Total Debt 2,002 3,462 4,615 19 18 16 Receivables Days Less: Cash & Cash Equivalent 42 82 1,395 Net Debt \ (Ca
Slide 8: World Class Engineering Platform
World Class Engineering Platform @UTL SOLAR Manufacturing facilities in close proximity to attractive end customer markets FUSIYAMA SOLAR Parwanoo Facility Bawal Facility? Solar PCU and UPS? Tubular Batteries Solar Panels Capacity: 400 MW Capacity: 1,318 MW Capacity: 71 MW Haryana Himachal Pradesh D
Slide 9: Advanced Manufacturing Equipment
Advanced Manufacturing Equipment GUTL SOLAR FUJI YAMA SOLAR rm S© a) .) ° ° c © FS i= Sealant & glue auto filling machine - iw) Solar Inverter fae = me) © a i} RS] ° Fa td iD) _ © bd) t= ©) Grid casting set-up for lead acid Laser marking machine — Solar inverter Li-ion Cell sorting batteries and E-c
Slide 10: Strategic Expansion Plans
Strategic Expansion Plans @UTL SOLAR FU! YAMA SOLAR eR EERE REPRE » Future Capacity qeanny Ratlam anne POPP) Ce Cee if fa a itl Hit i | 2,180 MW | be eee | 4,180 MW | Ce eee Power Electronics? 2,000 MW Ce are fees ees ' 545 MWh5| 2 545 MWh! Loe een Leet ee eee Li-lon Batteries* 2,000 MWh Cl (sn Sola
Slide 11: Fujiyama Power Systems - Key Investment Highlights
Fujiyama Power Systems - Key Investment Highlights @UTL SOLAR FUS(YAMA SOLAR Integrated Solar Energy Solutions Operates an integrated business model across the solar value chain with a focus on rapidly Platform changing customer needs Comprehensive Residential Solar Offers end-to-end solar solutions
Slide 12: Consumer 'One-stop Shop' For SPGS
Consumer ‘One-stop Shop’ For SPGS GUTL SOLAR FUSIYAMA SOLAR Solar Power Generation Systems (SPGS) Solar Panels Batteries (Lithium & Tubular) High Frequency Based Inve SOLAR PANEL UTL Li lon Batteries Tubular Battery High Frequency Based Inverter PWM Solar sMuU MONO-PERC | TOPCON For Home, E-Rickshaw
Slide 13: Solar Power Industry Dynamics
Solar Power Industry Dynamics @GUTL SOLAR FUSIYAMA SOLAR India’s power sector is projected to grow at a 9% CAGR from FY24-32 India - rapidly advancing towards 300 GW solar capacity Installed Capacity — (GW) Solar Energy Market Size — (GW)") Fal ~ 300 \\\\\\\ CAGR — 5% _ OHGREE 0 catan i CAGR — 25% 2
Slide 14: Power Inverter and Battery Storage Industry Dynamics
Power Inverter and Battery Storage Industry Dynamics GUTL SOLAR FUAIY AMA SOLAR pe nn nn nn nn nn nn nn nn nn nn nn nn nn nn nn nn nn nnn en en nn on nnn nn eee nn ee ee, \ ic | The solar inverter, lithium batteries and BMS markets in India continue to be | Fujiyama’s Positioning : import-dependent,
Slide 15: Strong Brand Recall and Reputation in the Solar Rooftop Industry
Strong Brand Recall and Reputation in the Solar Rooftop Industry @UTL SOLAR FUSIYAMA SOLAR Won Various awards, accreditations and recognitions Brand Ambassador for Fujiyama Solar eon nn een ne ee ee ee ee, a ae Renewable Energy Excellence Award - Solar Most Trusted brand of India — a Battery Manufac
Slide 16: Proven Track Record of Being an Early Adopter of Innovative Technology
Proven Track Record of Being an Early Adopter of Innovative Technology GUTL SOLAR FUSIYAMA SOLAR Oe i : — , : | 2014 : | 2024 | Co To || Je (Combo° aof U Ps : Launched Online | Granted Patent for | : Launc he SMTian Inverter | | Solar PCU | _ FMPPT Technology With Single Card and Inverters) J 2002 |
Slide 17: From Engagement to Conversion: Driving Sales through Marketing & AI
From Engagement to Conversion: Driving Sales through Marketing & Al GUTL SOLAR FUSIYAMA SOLAR Smart Reference System - ‘UTL Credits’ End-to-End Lead Management On-Route Dealer Visits SERVICE COMPLAINT We gather Leads from multiple Channels Al-powered WhatsApp Telemarketing team messages nurture and
Slide 18: UTL AI - Intelligent Business Operations Suite
UTL Al — Intelligent Business Operations Suite GUTLSOLAR FUSIYAMA SOLAR One Al platform powering sales, service, dealer engagement and network growth Predictive Service Invento Al-driven spares forecasting . & optimal stock allocation . . Al Sales Orchestration Intelligent Service Bot U Outcome-driv
Slide 19: On Going Expansion of Pan India Distribution Network
On Going Expansion of Pan India Distribution Network @UTL SOLAR FUS/YAMA SOLAR Expanding presence across states with strong rooftop solar potential Substantial Potential For Rooftop Solar FY26 Market Position ee ao Oo ee . ee b ee ee ee wo N SSS ee N Ww ee ee B » eee ay a I) Covered (11) ee ay Growi
Slide 20: Board of Directors and Leadership Team
Board of Directors and Leadership Team GUTL SOLAR FUS(YAMA SOLAR Promoters and Directors Pawan Kumar Garg Yogesh Dua Sunil Kumar Chairman and Joint Managing Chief Executive Officer and Non-Executive Director Director Joint Managing Director Exp. in Developing Software Solutions: 24+ years Exp. in In
Slide 21: CSR Initiatives
CSR Initiatives LSOLAR FUS/YAMA SOLAR Trainee Skill development under NAPS CSR expenditure for the period was supported apprenticeship training under National Apprenticeship Promotion Scheme (NAPS), supporting practical skill-building for young trainees under the Apprentices Act, 1961. This reflects
Slide 22: Annual Financial Performance (1/2)
Annual Financial Performance (1/2) GUTL SOLAR FUSVYAMA SOLAR INR Mn Revenue from Operations EBITDA and Margin (%) cacr-58.7% 26,545 15,407 2,485 6,641 and ' 516 986 7.8% 10.7% 16.1% FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 PAT and Margins (%) 3,041 244 3.7% FY23 FY24 FY25 FY26 20
Slide 23: Annual Financial Performance (2/2)
Annual Financial Performance (2/2) @UTL SOLAR ee FUS(YAMA SOLAR ROCE (%) ROE (%) 41.0% 39.4% 26.6%; 29.3% 23.9% 16.8% 18.9% 12.6% - FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 Net Debt/Equity 1.1 0.8 0.9 0.3 [| FY23 FY24 FY25 FY26 21
Slide 24: Q4 and FY2026 Financial Performance Summary
Q4 and FY2026 Financial Performance Summary @SUTL SOLAR FUSIYAMA SOLAR pmo | | oem a eipls) aed) Growth(%) a eipls) Growth(%) PLP) FY2025 Growth(%) Revenue from Operations 9,008 4,803 87.5% 5,885 53.1% 26,545 15,407 72.3% Other Income 28 74 4 55 94 Total Income 9,036 4,877 5,889 26,600 15,501 Cost o
Slide 25: Statement of Assets and Liabilities
Statement of Assets and Liabilities G@GUTL SOLAR ee FUHIYAMA SOLAR As on As on As on As on 31 Mar, 2026 | 31 Mar, 2025 31 Mar, 2026 | 31 Mar, 2025 Equity and liabilities Assets Equity Share Capital 306 280 Non-Current Assets Other Equity 12,428 3,688 Property, Plant and Equipment 5,352 2,857 Total E
Slide 26: Thank You
@UTL SOLAR FUSYAMA SOLAR Thank You This presentation, provided by Fujiyama Power Systems Ltd., is intended for informational purposes only and is not an offer, invitation, or inducement to sell or issue securities. It is not intended to be a prospectus under any jurisdiction's laws. The information
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