Ge Vernova T&d India Limited · NSE:GVT&D
Ge Vernova T&d India — Investor Presentation (September 2026)
20 slides from Ge Vernova T&d India's investor presentation, Sep 17, 2026
Slide 1: Exchange filing cover letter: Investor Presentation
September 17, 2026 The Secretary The Manager GE Vernova T&D India Limited BSE Limited Listing Department (Formerly known as GE T&D India Limited) Phiroze Jeejeebhoy Towers, National Stock Exchange of India Ltd. L31102DL1957PLC193993 Dalal Street Exchange Plaza, Bandra Kurla Complex, Corporate Office
Slide 2: Investor Meeting 2026
INVESTOR MEETING -2026 GE VERNOVA T&D INDIA LTD 21 st - 23 rd September 2026 - Mumbai © 2026 GE Vernova and/or its affiliates. All rights reserved.
Slide 3: Disclaimer
DISCLAIMER This presentation has been prepared solely for the use at analyst/ investor presentation. By attending the meeting where this pr esentation is made, or by reading the presentation slides, you agree to be bound by the following limitations - • The forward - looking information and statemen
Slide 4: © 2026 GE Vernova and/or its affiliates. All rights reserved.
© 2026 GE Vernova and/or its affiliates. All rights reserved. 3
Slide 5: Company built on pride, purpose and people
Company built on pride, purpose and people Honouring Women’s Day with Creating meaningful and family, friends, and the impactful societal value broader community through CSR initiatives Promoting EHS as a top priority with active Engaging with future energy engagement with the professionals with nex
Slide 6: Key Themes
Key Themes Energy super cycle… record investments fueling India's and global growth Prudent capex… strengthening manufacturing leadership to maximize shareholder returns Structural growth… driving industry-leading profitability and financial resilience Expanding horizons… through exports, innovation
Slide 7: Growing complexities generating larger opportunities
Growing complexities generating larger opportunities MULTIPLE DEMAND FORCESINVESTMENT IN CLEAN ENERGY ELECTRIFICATION OPPORTU AI/Data Center Global generation to grow Large scale power evacuation (TWh/yr) … through HVDC 1.4x 45K Net-zero Industrialization 32K scenario Grid stability and flexibility…
Slide 8: Renewable addition driving transmission investment in India
Renewable addition driving transmission investment in I In GW 2.8x GENERATION 281 500 786 2025 2030 2035 In GW 3.3x TRANSMISSION 276 537 914 2025 2030 2035 INVESTMENT $65B $88B Average investment/ year: >15B$ Addressable Market/ year: ~8.5B$ 2026 - 30 2031 - 35 Note : All the above data pertains to
Slide 9: Market opportunities
Market opportunities Growing addressable market High growth opportunities CAGR +10.6% • Emerging data center market… significant upside potential as India captures growth $10.9B $10.4B $9.3B $9.2B 1.5 1.2 $8.0B 0.9 0.9 • HVDC market poised to grow… 7 new projects 0.6 2.8 2.4 expected by 2030, along
Slide 10: Growing global market led by energy transition
Growing global market led by energy transition Expanding export opportunities Our reach & ambition • GIS components • OIP Bushings • HV Circuit Breakers • Instrument Transformers ~$300B • Air Core Reactors • Drives & Associated equipments +6.7% Revised 2026 estimates including higher expected + $76B
Slide 11: End to end solutions to meet market requirements
End to end solutions to meet market requirements Grid Automation & High Voltage AC High Voltage DC New Technologies Software ▪ Power Transformers (up to ▪ End-to-end HVDC ▪ Substation Automation 1200kV); 800+ units delivered capabilities (LCC & VSC tech) Systems (SAS) ▪ Compact GIS for 72.5 kV to ▪
Slide 12: Meeting demand with prudent capacity increases
Meeting demand with prudent capacity increases Expanding lean manufacturing to Hiring and developing highly skilled Executing efficient capex 1 optimize factory output 2 labor 3 investments Vadodara Hosur Padappai Pallavaram Noida Sec 63 Vallam + 50% increase in +25% increase in AIS New Engineering
Slide 13: Robust financial execution
Robust financial execution Orders Order Backlog Revenue & EBITDA Margin % Cash Flow 148 - 3.6% 3.7% 10.1% 19.1% 27.1% 12 215 62.1 15.8 136 108 20.3 33 42.9 127 31.7 11.1 41.7 8.3 58 75 30.6 27.7 7.2 9.8 31.8 18 8.4 4.5 27 63 21.9 22 40 19.3 0.8 - 0.9 7 10 23.4 37 37 15 18 FY 22 FY 23 FY 24 FY 25 FY
Slide 14: Robust financial execution: Growth continues in Q1 FY 2026-27
Robust financial execution … Growth Continues In Q1 FY 2026 - 27 DISCIPLINED EXECUTION DRIVING VALUE CREATION ORDERS ORDER BACKLOG REVENUE PROFIT BEFORE TAX 11.4 BINR 209.3 BINR 18.4 BINR 4.9 BINR - 2.5% 214.6 209.3 - 30% +38% 1.25x 18.4 16.2 13.3 11.4 4.9 3.9 Q1'26 Q1'27 Mar'26 Jun'26 Q1'26 Q1'27 Q
Slide 15: Delivering industry leading profitability
Delivering industry leading profitability Structural profitability drivers Volume & product mix… 27.1% • > 45% growth in revenues YoY • Healthy improvement in mix ✓ Higher exports ✓ Better product mix ✓ Higher share of private sector customers Execution efficiencies… productivity, cost-out and lean
Slide 16: Disciplined capital allocation strategy
Disciplined capital allocation strategy 25.0 Capitalallocation strategy Shareholder returns • Maximizing value through consistent and sustainable returns Available balance for Dividend Payout Trend working capital and further expansion Payout Ratio 28.3% 21.0% 20.8% Announced capex of 12.3 ~₹10.1B+
Slide 17: Executing for the next phase
Executing for the next phase Target DC Networks Data Center Market Exports Strengthen localization, engineering Build early presence in emerging Qualify Indian factories for Americas, depth and execution credibility in DC market Europe and Middle East growth networks Capex Execution Grid Digitizatio
Slide 18: Wrap Up
Wrap Up Safety remains our #1 priority Strong localization in India with ~7 decades of execution history Strong order momentum across domestic and export — unleashing market potential Continuously scaling revenues and margins Positioned at the intersection of India’s growth and the world’s energy tr
Slide 19: Thank You
Thank You © 2026 GE Vernova and/or its affiliates. All rights reserved. 18
Slide 20: © 2026 GE Vernova and/or its affiliates. All rights reserved.
© 2026 GE Vernova and/or its affiliates. All rights reserved.
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