Ge Power India Ltd. · NSE:GVPIL

Ge Power India — Q1 FY2021-22 Earnings Presentation

14 slides from Ge Power India's earnings presentation, Aug 12, 2021

1. Slide 1: Exchange filing cover letter: Presentation for Investors' Call

   GE Power India Limited CIN-L74140MH1992PLC068379 Corporate Office: Axis House, Plot No 1-14, Towers 5 & 6, Jaypee Wish Town, Sector 128 Noida Uttar Pradesh - 201301 T +91 0120 5011011 F +91 0120 5011100 www.ge.com/in/ge-power-india-limited 12 August 2021 To, To, The Manager Listing, The Manager List

2. Slide 2: Earnings presentation Q1 FY2021-22 and Disclaimer

   GE POWER INDIA LIMITED Earnings presentation Q1 FY2021-22 August 12, 2021 Disclaimer • This presentation has been prepared solely for the use at analyst/ investor presentation. By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by t

3. Slide 3: Agenda

   Agenda • Safety & business update • Q1 highlights • Financials • Project execution update • Q&A © 2021 GE Power India Limited - All rights reserved 2

4. Slide 4: Safety update: Q1 FY2021-22

   Safety update: Q1 FY2021-22 COVID related measures GE South Asia corpus supporting employees' medical expenses beyond insurance Vaccination drive massive drive across all project site, factories and office locations COVID care facilities securing adequate facilities near all project sites and factor

5. Slide 5: Business update: Q1 FY2021-22

   Business update: Q1 FY2021-22 Change in order mix composition New build vs Services EPC vs non-EPC Govt. vs Private 100% 25% 31% 68% 79% 100% 100% 75% 69% 32% 21% Q1 Q1 Q1 Q1 Q1 Q1 FY2020-21 FY2021-22 FY2020-21 FY2021-22 FY2020-21 FY2021-22 Services New build non-EPC EPC Pvt. Govt. % Orders mix scal

6. Slide 6: Q1 FY2021-22 highlights

   Q1 FY2021-22 highlights ORDERS PROJECT EXECUTION De-NOx, Boiler upgrades; Turbine rotor Emergency outage for vibration Annual TG overhaul Boiler fly ash erosion execution from STEAG, Tata Power, JSW Steel , Mahagenco NTPC Sail #2– Durgapur plant Adani Raikheda #1,2 2x685MW Unit #2 Adani Tiroda 2x660

7. Slide 7: Financials Q1 FY2021-22

   GE Power India Limited Financials Q1 FY2021-22 6

8. Slide 8: Orders: Q1 FY2021-22

   Orders: Q1 FY2021-22 ₹ Million 5,321 • 1.3GW FGD projects finalized in this Q1 vs 7.6GW (Q1 last year); not GEPIL targeted projects; No bid lost 2,383 • Services orders up +147% YoY due to upgrade orders Q1 Q1 • Hydro Kundah order (Q1 last year) FY2020-21 FY2021-22 FGD Steam services Hydro Gas © 202

9. Slide 9: Revenues: Q1 FY2021-22

   Revenues: Q1 FY2021-22 ₹ Million • Revenues up +25% YoY • Execution challenges due to COVID 5,404 4,320 • Significant revenue from FGD execution • Backlog 51,806 MINR quarter ending Q1 Q1 Q1 FY2020-21 FY2021-22 © 2021 GE Power India Limited - All rights reserved 8

10. Slide 10: Profit before tax: Q1 FY2021-22

    Profit before tax: Q1 FY2021-22 ₹ Million • Hydro – Subansiri restart impact Q1 Q1 FY2020-21 FY2021-22 -226 • COVID impact - supplies/site workforce • Headwinds on project execution -1,526 • Commodity pricing/ Inflationary market • Allowance for receivables • Borrowing costs © 2021 GE Power India Li

11. Slide 11: Project execution update

    GE Power India Limited Project execution update 10

12. Slide 12: Subansiri hydro project update

    Subansiri hydro project update • Project details – 8x250 MW in Arunachal Pradesh; Customer: NHPC – Awarded to GEPIL on March 2005; no progress since Dec 2011 • Project restart from NHPC – Site restart by NHPC in Dec 2020 • Current status & impact – Internal contractual assessment – Margin deteriorat

13. Slide 13: Steam projects update

    Steam projects update • Execution challenges during Q1 FY2021-22 – COVID resurgence impacting supplies, workforce and sub-contactor’s liquidity – Commodity inflationary headwinds – Scope miss & creep • Mitigation strategies – Mitigate COVID delays by Kaizen & Lean implementation – Focus on BOQ optim

14. Slide 14: Slide 14

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