Slide 1: Wheels India Limited Investor Presentation Q2 FY26
Wheels India Limited Investor Presentation Q2 FY26 111
Slide 2: TSF Group Overview
TSF Group Overview • Companies part of the T S Santhanam family with lineage from the erstwhile TVS Group ~$2.2 Bn. Consolidated • Diversified portfolio across Auto components, Turnover FY24 Dealerships & Distribution and Financial services 1936 Since 15 • Global supply chain partner with strong 36+
Slide 3: TSF Group Companies
TSF Group Companies TSF Group Auto Components Auto Distribution & Dealerships Finance and Insurance Brakes India Sundaram Finance India Motor Parts & Accessories Wheels India Limited Royal Sundaram General Insurance Turbo Energy Sundaram Motors Sundaram Home Finance Axles India Madras Auto Sundaram
Slide 4: Promoters & Value system of TSF
Promoters & Value system of TSF Wheels India Limited (WIL) is part of the TSF Group and was established in 1960 WIL is a listed Company, wherein Promoters hold 58.31 % of the equity capital . Value systems of WIL are Relationships, Integrity , Customer Centricity and Excellence . 4
Slide 5: Wheels India Ltd - Company Profile
Wheels India Ltd - Company Profile Tractor & Earth mover wheels Automotive - Steel & Aluminium Wheels 1960 Establishment Components for Wind Turbines Air suspension & Lift axles ~8,700 Workforce 11 Units Manufacturing plants Fab Sector Hydraulic Cylinders $ 520 Million $ 130 Million (Exports) WIL Ca
Slide 6: Journey of Wheels
Journey of Wheels WIL RENEWABLE CAST ALLOY ESTABLISHED CHASSIS AND ENERGY WHEELS PLANT, AT PADI, CONSTRUCTION EARTHMOVER FORGED OFF-ROAD SUSPENSION COMPONENTS, THERVOY CHENNAI, PASSENGER EQUIPMENT WHEELS ALLUMINIUM CONSTRUCTION PRODUCTS IRUNGATTUKOTT KANDIGAI, TAMIL NADU CAR WHEELS WHEELS – - 1996 W
Slide 7: Manufacturing Capability
Manufacturing Capability Passenger Car / UV Car / UV Wire Wheels CV – Tube type Commercial Vehicle CV - Tubeless Forged Aluminium Wheels Aluminium Wheels Cast Aluminium Wheels Off Road & Tractor Wheels Tractor Construction wheels Air Air Suspension Suspension Lift Axles Fab & Fabrication for CE Hydr
Slide 8: Plant Locations
Plant Locations Padi - CV, TR, LP, EM, AS, WW & Rampur - CV , LP , EM & TR Pune - CV, TR & LP Sriperumbudur - EM, SPDC & AS FAW Namachivayapuram - FAB Pukkathurai - WTC Mambakkam - AS Thervoy Kandigai - CAW Legend CV Commercial Vehicles TR Tractor LP Light Passenger Vehicle EM Earth mover Wheels AS
Slide 9: Key Customers
Key Customers iG) ate) @ ¢ Kyhot @ TAFE CN hot, “eo =_ Assco Ofmies swaRal €* ®,., CAT nomtsy Gnd Hee] Aine JOHN DEERE nn GR SE Te CH > PSA +) PGLARIS GD HYunoAI siilier doll NISSAN TOYOTA =e Snoure Mahindra al i) DAIMLER Goon —Saa Ss SCHWARZMUWLLER ASHOK LEYLAND =a a 7D caer KOGEL THALES |) + 4 VeS
Slide 10: Accreditations/Awards
Accreditations/Awards Won the Supplier of the year Award for Cybersecurity from Partnership and Quality Award award at TAFE MSIL from Escorts Kubota Limited Quality Award from the Engineering Export ACMA Excellence Award in Digitalization, Promotion Council of India (EEPC) Manufacturing & ESG 10
Slide 11: Accreditations/Awards contd…
Accreditations/Awards contd… Best Overall Partnership and Collaboration award at VECV Won the Best Supplier Award at TAFE Best Energy Efficient Unit and Most Innovative Project at Energy Efficiency Summit 2025 11
Slide 12: Accreditations/Awards contd…
Accreditations/Awards contd… ACMA Excellence award ISO 14001: 2015 & Caterpillar Supplier 2025 ISO 45001:2018 Certification Excellence John Deere Supplier Mahindra Business of the year Partner of the year IATF 16949 Certification ISO 9001:2015 CERTIFICATION 12
Slide 13: Business Overview
Business Overview WIL a leader in automotive wheels business , operates in two business segments , namely automotive products and industrial products . WIL has the following businesses in its fold ; Automotive wheels division – cars, truck and tractors Construction equipment division comprising
Slide 14: Sales growth & Export Sales Growth
Sales growth & Export Sales Growth Sales Values in INR Cr 4619.03 4355.56 4424.86 3701.07 Q2 2025-26 2215.94 Sales 1178.95 Export 298.74 2020-21 2021-22 2022-23 2023-24 2024-25 (25.34%) H1 2025-26 1215.91 Sales 2365.99 1119.16 Export 622.40 1000.65 976.20 (26.31%) 566.01 25.54% 27.04% 22.41% 26.32%
Slide 15: Q2 FY26 Summary Financials
Q2 FY26 Summary Financials Values in INR Cr / % Quarter ended Year ended Key Financials GOLY% Q2 FY 26 Q2 FY 25 31-03-2025 Gross revenues 1,178.95 1,085.33 4,424.86 8.6% EBITDA 90.11 77.55 336.31 16.2% Interest 27.51 27.50 109.87 0.0% Depreciation 25.38 20.70 85.54 22.6% PBT 37.22 29.35 140.90 26.8%
Slide 16: H1 FY26 Summary Financials
H1 FY26 Summary Financials Values in INR Cr / % Quarter ended Year ended Key Financials GOLY% H1 FY 26 H1 FY 25 31-03-2025 Gross revenues 2,365.99 2,173.53 4,424.86 8.9% EBITDA 179.27 157.03 336.31 14.2% Interest 56.27 53.48 109.87 5.2% Depreciation 49.95 41.27 85.54 21.0% PBT 73.05 62.28 140.90 17.
Slide 17: Segment Revenue – Q2 FY26
Segment Revenue – Q2 FY26 Values in INR Cr / % Segmental Revenue Q2 FY 26 Q1 FY 25 GOLY % Automotive components 941 873 8% Industrial components 232 211 10% Revenue from operations 1,173 1,084 8% Segmental EBIT Q2 FY 26 Q1 FY 25 GOLY % Automotive components 53.56 41.07 30% Industrial components 11.1
Slide 18: Segment Revenue – H1 FY26
Segment Revenue – H1 FY26 Values in INR Cr / % Segmental Revenue H1 FY 26 H1 FY 25 GOLY % Automotive components 1,935 1,764 10% Industrial components 421 403 4% Revenue from operations 2,356 2,166 9% Segmental EBIT H1 FY 26 H1 FY 25 GOLY % Automotive components 115.97 101.24 15% Industrial component
Slide 19: Capex
Capex Values in INR Cr Capex 249.68 250.00 148.13 141.53 129.63 2021-22 2022-23 2023-24 2024-25 2025-26 Capex FY26 Capex of FY26 is mainly towards expanding capacity for windmill products, machining of large castings, hydraulic cylinders and automotive aluminium & steel wheels, apart from certain ro
Slide 20: Funding metrics
Funding metrics Values in INR Cr / % DEBT Debt Equity 1.26 1.08 811.06 0.93 0.84 0.81 755.20 708.52 704.10 709.68 2021-22 2022-23 2023-24 2024-25 2025-26 Sep'25 2021-22 2022-23 2023-24 2024-25 2025-26 Q2 Debt is maintained at FY25 levels. Debt equity is maintained in Q2FY26. 111.27 Debt to EBITDA 59
Slide 21: Key strategies & focus areas, going forward …ROCE & RONW
Key strategies & focus areas, going forward …ROCE & RONW Grow exports of wheels for construction equipment and agricultural tractors Ramp-up the expanded facility for machining of large castings for windmills ; Also Step up the capacity and volumes of the fabricated, structural parts for windmil
Slide 22: Thank you
Thank you 22