Slide 1: Investor Presentation Cover Letter to Exchanges
ODES piping systems Date: 11'* August, 2025 Listing Compliance Department BSE Limited The National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Tower, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai - 400001 Mumbai - 400051 Scrip Code: 544198 Symbol:
Slide 2: Q1 FY26 Earnings Presentation
DEE Development Engineers Limited Q1 FY26 Earnings Presentation
Slide 3: Safe Harbor Statement
Safe Harbor Statement This presentation may contain certain “forward-looking statements” within the meaning of applicable securities laws and regulations, which may include those describing the Company’s strategies, strategic direction, objectives, future projects and/or prospects, estimates etc. In
Slide 4: Agenda
Agenda About DEE Key Financial Highlights Why DEE Shareholding Summary Annexures 3
Slide 5: Management Commentary
Management Commentary “We are pleased to report a strong start to FY26, reflecting our continued focus on execution, operational efficiency, and strategic growth. In Q1, operating income stood at ₹2,238 Mn, up 21.0% year-on-year. Operating EBITDA grew 44.7% to ₹359 Mn, with margins expanding by 263
Slide 6: About DEE
About DEE
Slide 7: DEE | An engineering company providing specialized process piping solutions
DEE | An engineering company providing specialized process piping solutions DEE Development Engineers Limited was Incorporated by the Chairman & Managing Director Mr. K.L. Bansal in the year 1988. Over three and a half decades Largest player in process piping solutions in India, in terms of installe
Slide 8: Major events and milestones
Major events and milestones 2025 ● Commissioned the New Anjar 2020 Facility II in Jan’25 with additional ● Commenced business operations at Anjar Heavy Fabrication Facility in Gujarat capacity of 9,000 MTPA 2024 ● Commenced operations at Numaligarh Facility 2014 ● Started operations at the New Anjar
Slide 9: Key Financial Highlights
Key Financial Highlights Q1 FY26
Slide 10: Financial Highlights – Q1 FY26
Financial Highlights – Q1 FY26 In INR Millions Operating Profit Before Profit After Particulars Revenue from Operations EBITDA Tax Tax Q1 FY26 2,238 359 158 132 Growth (YOY) 21.0% 44.7% 259.0% 314.3% Growth (QOQ) (21.9%) (43.5%) (62.7%) (58.1%) Margin1(%) 16.0% 6.9% 5.8% Margin - YoY Expansion/(Cont
Slide 11: Financial Highlights – Q1 FY26
Financial Highlights – Q1 FY26 In INR Millions Particulars 31-Mar-25 30-Jun-25 RONW(%)1 ROCE(%)5 Net Worth 1 7,902 8,047 7.1% 8.7% 8.5% 6.6% Total Borrowings 4,090 4,495 Total Lease Liabilities 217 204 Cash & Cash Equivalents 2 59 3 Mar'25 Jun'25 Mar'25 Jun'25 Net Debt 4,248 4,696 Net Current Assets
Slide 12: Financial Highlights – Segmental Revenue Breakup
Financial Highlights – Segmental Revenue Breakup In INR Millions Particulars Piping Division Power Division Heavy Fabrication Q1 FY26 1,945 145 148 Sales Contribution 86.9% 6.5% 6.6% Q4 FY25 2,558 202 104 Sales Contribution 89.3% 7.0% 3.6% Q1 FY25 1,492 208 149 Sales Contribution 80.7% 11.3% 8.1% FY
Slide 13: Summary of Profit and Loss Statement
Summary of Profit and Loss Statement In INR Millions Particulars Q1 FY26 Q1 FY25 YoY Change Q4 FY25 QoQ FY25 Revenue from Operations 2,238 1,850 21.0% 2,864 (21.9%) 8,274 Operating EBITDA 359 248 44.7% 635 (43.5%) 1,238 Operating EBITDA1 (%) 16.0% 13.4% 263 bps 22.2% (615 bps) 15.0% Other Income 41
Slide 14: Why DEE
Why DEE
Slide 15: Why DEE: Key Strengths
Diverse Portfolio Industry Leader Wide range of specialized Leading Indian manufacturer of product offerings and services specialized process piping solutions, making DEE a comprehensive known for its extensive production solution provider capabilities and significant entry barriers in the industry.
Slide 16: Wide range of specialized product manufacturings and services
Wide range of specialized product manufacturings and services… Prefabricated pipe They connect pipes, adapt Modular skid-mounted Custom wind turbine Weld-less pipes shaped Containers designed to assemblies with flanges or to different sizes or systems comprising towers (20-33 meters) at specific ang
Slide 17: …across a spectrum of industries
…across a spectrum of industries Oil & Gas Power (including Nuclear) Process industries (incl. sugar, specialty chemicals & distilleries) Chemical Recently expanded into new business vertical of design, engineering, fabrication and manufacturing of Pilot Plants. DEE intends to develop pilot plants w
Slide 18: Leading player in an industry with significant barriers to entry (1/2)
Leading player in an industry with significant barriers to entry (1/2) Leadership Largest player in process piping solutions in India, in terms of installed capacity * Currently ranked as one of the leading process pipe solution providers in the world, in terms of technical capability to address com
Slide 19: Leading player in an industry with significant barriers to entry (2/2)
Leading player in an industry with significant barriers to entry (2/2) Barriers to entry DEE Manufacturing Facilities have a good mix of Requirement of skilled labour with automation and manual processes complex manufacturing technology High capital investment DEE has made and expects to continue ma
Slide 20: Long standing customer relationships with a strong order book
Long standing customer relationships with a strong order book… Length of Relationship in years with key customers As on July 31, 2025 – DEE has an order book of INR 12,267 Mn Order Book Contribution across Sectors in which DEE’s customers operate – Figures in INR Mn 13 years 64 Oil and gas 2,552 Mit
Slide 21: Diversified customers spread across geographies and sectors
…supplemented by diversified customers spread across geographies and sectors As of June 30, 2025, DEE has served customers across 27 countries Select Countries served Revenue from Operations Split by Geography (Q1 FY26) 63.6% Germany INR Switzerland 2,238 Italy Mn 36.4% USA Japan India In India Outs
Slide 22: DEE operates through strategically located state-of-the-art manufacturing facilities
DEE operates through strategically located state-of-the-art manufacturing facilities… Seven strategically located Manufacturing Facilities at Palwal in Haryana, Anjar in Gujarat, Barmer in Rajasthan, Numaligarh in Assam and Bangkok in Thailand Manufacturing Facility Heavy Fabrication Facility 98,000
Slide 23: Palwal facility background and challenges
Background & Challenges Until FY16, the Palwal facility was dedicated to the Power sector. Following a downturn, the company began Oil & Gas operations at the same site, leading to operational inefficiencies and higher logistics costs due to complex material handling. Mixed Operations at Palwal Work
Slide 24: Anjar Facility: Our Growth Driver
Anjar Facility: Our Growth Driver The U-shaped plant design enables efficient material handling, reducing time and costs. 98,000 MT Advanced automation and technology minimize manual labour dependency, enchancing productivity Installed Capacity and optimizing expenses for Q1 FY26 for Facilities in I
Slide 25: Good mix of automation and manual processes
…equipped with a good mix of automation and manual processes DEE’s manufacturing facilities have a good mix of automation and manual processes Fully automated robotic Automatic GMAW Welding Fully CNC heat treatment welding systems System furnaces (gas and electric) Semi-automatic shot blasting In-ho
Slide 26: Installed Capacity & Capacity Utilization
Installed Capacity & Capacity Utilization Q1 FY26 FY25 • Anjar Facilities (excluding heavy Facilities Installed Capacity Capacity Utilization Installed Capacity Capacity Utilization fabrication): 15,000 (in MT) (in %) (in MT) (in %) MT additional capacity to be commissioned Palwal Facility I 9,000 6
Slide 27: Experienced promoter and skilled management team (1/2)
Experienced & dedicated promoter and skilled management team with deep domain expertise (1/2) Krishan Lalit Bansal - Promoter, Chairman & Managing Director ❖ Has been associated with the Company since its inception in 1988 and has experience in prefabricated piping systems and bio-mass power sector
Slide 28: Experienced promoter and skilled management team (2/2)
Experienced & dedicated promoter and skilled management team with deep domain expertise (2/2) Pankaj Agarwal – Chief Operating Officer Charu Agarwal– Vice President (Accounts) ❖ He has been associated with the Company since July 25,1994 and ❖ She is involved in strategic planning for the development
Slide 29: Resilient Financials
Resilient Financials In INR Millions Revenue from operations Op. EBITDA & Op. EBITDA Margin PAT & PAT Margin Op EBITDA Op EBITDA Margin (%) PAT (INR Mn) PAT Margin (%) 21.5% 24.2% 8,274 6.5% 7,888 13.0% 15.0% 74.6% 5.8% 16.0% 6,854 5.1% 16.3% 17.1% 14.0% 5,955 11.6% 3.8% 453 3.2% 5,106 1,172 2,238 3
Slide 30: Powerful Industry Tailwinds: Global process piping market
Powerful Industry Tailwinds The global market for process piping systems is expected to reach USD 54.5bn by 2030* Demand for process piping is triggered by capacity expansion Global Process Piping solutions market is valued at ~USD projects in industrial sector 39.2bn in 2023E Year-on-Year Change :
Slide 31: Powerful Industry Tailwinds: Indian process piping market
Powerful Industry Tailwinds Indian process piping solutions market is expected to register a CAGR of nearly 6.1% between FY2023 and FY2030* By 2030, Indian market for process piping solutions is expected to reach INR 38,400 crs Indian Process Piping Industry – segmentation Indian Process Piping Indu
Slide 32: Capex growth in Oil & Gas, Petroleum and Power sectors
Powerful Industry Tailwinds Growth driven by new wave of Capital Expenditure in the Oil & Gas, Petroleum and Power Sectors Indian Power Project Pipeline– INR Crore 1 ▪ India, the second-largest refiner in Asia, has established itself as a global powerhouse in oil processing. With an extensive refini
Slide 33: Capital build-up in Indian Chemical and Pharmaceutical sectors
Powerful Industry Tailwinds …and strong capital built up in the Indian Chemical and Pharmaceutical Sectors Indian Chemical Industry 2 Indian Chemicals & Pharmaceuticals Capex Pipeline – INR Crore 1 In USD $ billion 8.5% 349 Till FY26 77,648 1,58,906 2,36,554 297 7.4% 252 231 178 Beyond FY26 49,994 2
Slide 34: DEE's strategy to capitalize on the accelerating Capex Cycle
Robust Growth Outlook DEE’s strategy to capitalize on the accelerating Capex Cycle in its Key Sectors DEE’s Capital Expenditure in line with the Industry Capex Cycle Launch pilot plant offerings in the near future Anticipating growth in the power sector, DEE had invested in expanding its capacity, p
Slide 35: Expansion into adjacent business verticals
Robust Growth Outlook Expansion into adjacent business verticals DEE recently expanded its business by entering a new business vertical of design, engineering, fabrication and manufacturing of pilot plants Process to manufacture pilot plants ACCEPTANCE OF PURCHASE ORDER As part of DEE’s growth strat
Slide 36: Shareholding Pattern (June 2025)
Shareholding Pattern (June 2025) Non-Promoter Shareholding 2.7% FIIs Key Institutional Shareholders Mutual Funds / AIF 38.1% Banks, NBFCs & Insurance Kotak Mahindra Mutual Fund 58.2% Body Corporate LIC Mutual Fund Total Shareholding Others 1.1% 0.0% Aditya Birla Mutual Fund 0.3% 0.0% 11.3% Tata Mutu
Slide 37: Thank You!
Thank You! Chief Financial Officer Investor Relations Advisor Sameer Agarwal Mudit Nahata sameer.agarwal@deepiping.com ir@uirtus.in www.deepiping.com www.uirtus.in
Slide 38: Annexures
Annexures
Slide 39: Cash Conversion Cycle Break-up
Cash Conversion Cycle Break-up Particulars Mar’25 Jun’25 Receivable Days 98 99 Inventory Days 217 243 Payable days 104 96 Cash Conversion Cycle 210 247 38 Note : Based on Revenue from Operations || Jun’25 days - Annualised || Jun’25 days are calculated basis average of Mar’25 & Jun’25 figures
Slide 40: Overview of Process Piping
Overview of Process Piping A process piping system is a specialized piping system that is exclusively used in an industrial plant for transporting input materials that goes into the actual production process. Process piping system typically consists of a network of interlinked piping system comprisi
Slide 41: Manufacturing Facilities (1/2)
Manufacturing Facilities (1/2) - Largest player in process piping solutions in India providing specialized process solutions in terms of installed capacity Anjar Heavy Palwal Facility I Palwal Facility II Palwal Facility III Barmer Facility Anjar Facility I Bangkok Facility Numaligarh Facility New A
Slide 42: Manufacturing Facilities (2/2) – Two biomass power generation plants
Manufacturing Facilities (2/2) – Two biomass power generation plants Abohar Biomass Power Plant Muktsar Biomass Power Plant • Abohar Biomass Power Plant spans an area of approximately 205,681.48 • Muktsar Biomass Power Plant spans an area of approximately 141,829.67 square meters. square meters. • A