Welspun Enterprises Ltd. · NSE:WELENT
Welspun Enterprises — Investor Day (November 2025)
62 slides from Welspun Enterprises's investor day presentation, Nov 13, 2025
Slide 1: Exchange intimation: Welspun World Investor Day
WEL/SEC/2025 November 13, 2025 To, BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, 5th Floor, Plot No. C-1, Block-G, 2nd Floor, New Trading Wing, Rotunda Bandra-Kurla Complex, Building, P.J. Towers, Dalal Street, Bandra (East), Mumbai – 400 001
Slide 2: Welcome to Welspun World's Investor Day 2025
WELCOME TO WELSPUN WORLD'S INVESTOR DAY —— 2025 —_™=
Slide 3: Schedule
Schedule Time Event 11:00 am to 1:00 pm Chairman’s Presentation 1:00 pm to 2:00 pm Lunch / Networking 2:00 pm to 3:00 pm Presentation by WCL/WEL/WLL 3:00 pm to 4:00 pm Presentation by WCL/WEL/WLL 02
Slide 4: Corporate Film
Corporate Film 03
Slide 5: 04
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Slide 6: Recapping Last Year
Recapping Last Year Capital Allocation Focus, Exit non-core Guide to hi-quality return ROCEs @ ~20% across companies Revenue CAGRs EBITDA margins @ 15-20% @ mid-teen Credit rating Other fundamentals – ‘Always in place’ 05
Slide 7: Welspun Group at a glance
REVENUE ~₹30,000 Crores Global - Home Textiles Flooring Global Line Pipe Advanced Textiles Building Materials EBITDA (Plastic Pipes & Tanks, TMT) ₹4,000+ Crores Workforce 35,000+ Water Infra & Treatment Transport Infra Integrated producer Customer Presence in Tunnelling from steel-making 50+ Countri
Slide 8: Continuous Growth Momentum
Continuous Growth Momentum WELSPUN GROUP REVENUE ROCE 35,000 23.7% 30,470 28,657 25.0% 30,000 21.8% 25,000 20.0% 17.4% 21,195 15.4% 20,000 18,009 15.0% 15,755 15,000 10.0% 9.7% 10,000 5.0% 5,000 - 0.0% FY 21 FY 22 FY 23 FY 24 FY 25 FY 21 FY 22 FY 23 FY 24 FY 25 WELSPUN GROUP EBITDA WELSPUN GROUP NET
Slide 9: Balance Sheet
Balance Sheet FIXED ASSET T/O RATIO 5.0 Despite Group spending ₹ 7,000 Crores over 5 years, 4.0 3.9 our Net debt has gone down and Credit rating has improved 3.1 3.7 2.9 3.0 3.2 CREDIT RATING 2.0 1.0 Welspun Corp Limited CRISIL/AA+/Stable 0.0 FY 21 FY 22 FY 23 FY 24 FY 25 Market Leading Returns’ & S
Slide 10: Continuous Growth Momentum
Continuous Growth Momentum CUMULATIVE ~₹3,200 CRORES RETURNED TO SHAREHOLDERS GROUP MARKET CAPITALISATION (₹ CRORES) 3,000 460 50,000 44,599 2,500 45,000 666 40,000 2,000 33,456 266 35,000 168 30,000 1,500 2,681 368 25,000 2,015 20,000 1,000 1,749 15,304 15,521 1,581 14,344 1,213 15,000 500 10,000 5
Slide 11: Vision
Vision TOUCHING 1.4 BILLION HEARTS 10
Slide 12: Framework: Governance, Green, Growth 3G's
Framework Governance Green Growth 3G’s 11
Slide 13: Governance
Governance No pledging / Robust ‘One Welspun’ Cross Holdings Compliance Process Strong Professionally Capital Independent Board Managed Allocation THE FOUNDATION – FIRMLY IN PLACE 12
Slide 14: Leadership Team in Place
Leadership Team in Place Robust leadership programs drive next level of growth 13
Slide 15: Values & Culture that Empower Success
Values & Culture that Empower Success LEARNING Learn, Unlearn & Relearn INNOVATION discover something Do things differently and new everyday do different things ENDURANCE TRUST Push beyond your limits Make Truth and and aspire for more transparency a virtue 14
Slide 16: Community initiatives
Digitized 790+ classrooms, reaching 180,000+ students and training 3,000+ government teachers Agricultural initiatives across 450+ villages, benefiting 98,000+ farmers and farmworkers Supported 370+ women entrepreneurs across 120+ villages, impacting 71,000+ individuals 15
Slide 17: Green - Growing Business Responsibly
Green - Growing Business Responsibly Carbon Neutral Community Water Farmers Around 17 crore units (kWh) of Program operational in over 9 Zero fresh water used for 76% of cotton sourced from green electricity consumed in states across India industrial operations at Anjar certified sustainable
Slide 18: Our Tomorrow
OUR TOMORROW 17
Slide 19: Welspun World: Future Growth
Welspun World: Future Growth Continuing dominance in CORE businesses; driving high growth in NEW businesses Maintain ~20% ROCEs & healthy Home Textiles – Export Large diameter Pipes Transport and Water Infra Integrated producer from steel- Asset Turns making to finished products >3.0x Welspun Living
Slide 20: Welspun Living
Welspun”
Slide 21: Welspun Living: Global Home Solutions Leader
Welspun Living: Global Home Solutions Leader Near term headwinds because of the largest market $1.25 Bn Revenue in the US.. Tariff..tariff…tariff 14-15% EBITDA (avg.) 50+ Countries ROW 8% 47 Patented Technologies Map not to scale, only for representation purpose. Top 4 Globally in ESG #1 in India (D
Slide 22: The Tariff Tango
The Tariff Tango… Reciprocal Tariff: India: Strong, Stable, Sustainable Sourcing Hub India 50% China 27.5% Fentanyl-linked duties lowered to 10% Economic Trade Pakistan 19% Strength Agreements Bangladesh 20% Vietnam 20% 40% additional tariff on transshipments India-US BTA in progress Aim to enhance
Slide 23: Future Opportunity
Future Opportunity Canada CEPA UK FTA ~$ 1.5 Bn* $ 4-5 Bn* EU FTA $ 25-30 Bn* ASEAN UAE CEPA Regions $ 1-1.5 Bn* ~$ 15 Bn* GCC/ ME $ 2-2.5 Bn* Australia ECTA $ 2-2.5 Bn* FTAs under discussion New Zealand FTA $ 300 FTAs implemented Mn* Note: * Indicates home textile market size (Source: Mordor Intell
Slide 24: Global Footprint & Category Expansion
Global Footprint & Category Expansion Scaling Onshore in US through Strengthening Market share: Building the next frontier: Pillows EU and UK ROW business $1.5 Bn Us market #1 Exporter of Towels to UK ~7% current share of business from India 2nd most sold (by units) after #1 Vision to be global mark
Slide 25: Steady Track Record in Last 5 Years
Steady Track Record in Last 5 Years REVENUE (₹ Crores) PROFITABILITY % CAGR 9% 10697 12000 9825 9377 10000 19.2% 19.2% 8215 7408 8000 15.2% 15.4% 6836 13.6% 6000 10.6% 13.8% 14.6% 12.3% 13.4% 12.9% 4000 2000 5.7% 0 FY20 FY21 FY22 FY23 FY24 FY25 FY20 FY21 FY22 FY23 FY24 FY25 EBITDA % ROCE % CAPEX (₹
Slide 26: Every Crisis is an Opportunity
Every Crisis is an Opportunity 15000 Medium Term Revenue in ₹ Crores 10697 9% Global Footprint and Category Expansion CAGR ~40% share outside US currently 5% CAGR 6836 ₹1500 Crores+ Own Brands 5395 Business in Medium Term along with India business 20+% growth aspiration in soft flooring business FY1
Slide 27: Sustainability: Growing Business Responsibly
Sustainability: Growing Business Responsibly Goal 2030 100% Carbon Neutral (measured as % RE) S&P Global ESG Score 100% Sustainable Cotton 0 Fresh Water (+) in Production operations 8 48 59 66 83 2021 2022 2023 2024 2025 0 Hazardous waste to Landfill (MT) 83 / 100 Global Rank Top 4 1 Mn Lives in CSV
Slide 28: Summary: Welspun Living
Summary: Welspun Living We remain committed to long-term value creation Revenue EBITDA Margin ~ ₹15,000 Crores 15% - 16% Medium Term Aspiration Net Debt ROCE % ~ ₹1000 Crores 15% - 18% Regional Expansion Another example of how Category we used Crisis as an opportunityScaling up Brands Expansion 27
Slide 29: Welspun Corp
Welspun®
Slide 30: Product Portfolio
Product Portfolio LARGE DUCTILE DIAMETER IRON PIPES SINTEX WSSL LINE PIPES Largest Player Globally Formidable player in National iconic brand Integrated producer India and KSA with pan-India from stainless steel- presence making to finished Pipes up to DN 2600 products (very few plants in the world)
Slide 31: Welspun Corp – Continuous Growth Momentum
Welspun Corp – Continuous Growth Momentum EBITDA ROCE 25.0% 2,000 CAGR 13% 20.4% 23.5% 1,804 1,858 1,800 20.0% 21.0% 17.4% 1,600 1,400 15.4% 1,152 15.0% 1,200 1,023 1,000 805 800 10.0% 600 7.9% 400 5.0% 200 - 0.0% FY21 FY22 FY23 FY24 FY25 FY 21 FY 22 FY 23 FY 24 FY 25 H1 FY 26 NET DEBT 2.0 1300 1.41
Slide 32: Line Pipes: USA
Line Pipes: USA Largest player in USA Only player offering Pipes 6” to 60” OD incl. DJ and Coating Impeccable quality track record Capacity (KMTPA) 350 HSAW + 350 + 300 = >1MN MT HFIW LSAW* TOTAL *Upcoming 31
Slide 33: Growth Drivers: USA
Growth Drivers: USA LNG Exports & Data Centers Permian Play NGL Map not to scale, only for representation purpose. 32
Slide 34: LNG Exports & Permian Play
LNG Exports & Permian Play LNG Export To grow from 16 bcfd to >25 bcfd in next 3 years USA is the largest producer and exporter of LNG Key LNG export destinations: Asia & Europe Alaska LNG also being developed Permian Play To grow from ~22 bcfd in 2024 to >28 bcf/d by 2030 Additional 2 t
Slide 35: NGL
NGL NGL (Natural Gas Liquids) Total NGL production in USA is ~7 MMbpd Permian contributes >55% of total NGL production Map not to scale, only for representation purpose. 34
Slide 36: Data Centers
Data Centers Medium term requirement for NG - 8 to 10 bcfd This will require dedicated 4 to 5 pipelines AI Data Power Plant & Value Chain: Line Pipes Turbines EPC Centers Servers 35
Slide 37: Summary: USA
Summary: USA Largest Robust potential of Robust growth Player 8,000 to 9,000 miles potential of Pipelines 36
Slide 38: Pipes: Kingdom of Saudi Arabia
Pipes: Kingdom of Saudi Arabia Capacity (KMTPA) 500 350 250 >1MN MT HSAW (EPIC) + LSAW* + DIP* = TOTAL To be the largest player in KSA Greenfield projects: Both of them to be operational by Q1FY27 Impeccable track record with Aramco DIP size range up to DN 2600 (very few plants in the world)
Slide 39: Vision 2030: Kingdom of Saudi Arabia
VISION 2030: Kingdom of Saudi Arabia New Energy: capture 25% of the global hydrogen demand by 2030 4,000 KM of Pipelines for O&G Oil for Exports and NG for Domestic Consumption 2,000 KM of Large Dia Transmission Lines (HSAW) for Gas Production Desalinated water Water Transmission Impor
Slide 40: Pipes: India
Pipes: India Capacity (KMTPA) 765 + 350 + 200 + 600 = ~2MN MT HSAW LSAW ERW DIP TOTAL Offering full range of pipes: 1.25” to 144” OD along with all types of coatings Largest exporter of LSAW pipes to niche projects globally Complete solutions for water: MS + DIP + Plastic pipes State of the
Slide 41: Growth Drivers: India
Growth Drivers: India LSAW and DIP Exports Expansion of Gas Grid CGD Hydrogen Pipelines Ethanol blending River Interlinking Transmission Potable Water Distribution Sewage Network expansion 40
Slide 42: Sintex: National Iconic Brand with Pan-India Presence
Sintex: National Iconic Brand with Pan-India Presence Expanding product range from Water Storage Tanks to Plastic Pipes Increase in Total Addressable Market (TAM) Full range of plastic pipes: HDPE, UPVC, CPVC, SWR and OPVC B2B & B2C play Map not to scale, only for representation purpose. 41
Slide 43: Growth Drivers: Sintex
Growth Drivers: Sintex Channel Expansion 467 438 402 WST AND PLASTIC PIPES 356 368 374 66,679 52,236 Channel Expansion Premiumization 35,204 Brand Building Digitization 26,142 27,800 21,398 23,253 19,942 20,661 19,348 Plastic Pipes 10,035 4,172 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Distrib
Slide 44: Sintex: Way Forward
Sintex: Way Forward CAPEX restricted to ~ ₹1150 Crores Soft launch for pipes done. Encouraging endorsement Revenue ~ ₹2000 Crores+ Industry level margins : Mid teens EBIDTA Profitability to improve over next 3 to 4 quarters 43
Slide 45: WSSL - Integrated producer from steel-making to finished products
WSSL - Integrated producer from steel-making to finished products Capacity (KMTPA) 150 18 SS Bars SS Pipes & Tubes Only fully integrated facility in India from Stainless Steel making to Pipes Product acceptance in both domestic and international markets Recognized Player in Premium and Niche m
Slide 46: WSSL Financials: Turn-around Story
WSSL Financials: Turn-around Story EBITDA (₹ Crores) Net Debt/ (Cash) ₹ Crores 100.0 300.0 265.1 77.3 245.9 80.0 250.0 232.5 56.2 200.0 177.9 60.0 150.0 40.0 31.5 100.0 20.0 50.0 0.7 - - FY2021 FY2022 FY2023 FY2024 FY2025 FY2021 FY2022 FY2023 FY2024 FY2025 (20.0) (50.0) (19.0) (40.0) (100.0) (76.3)
Slide 47: Growth Drivers: WSSL
Growth Drivers: WSSL Power, Defence, Space and Nuclear sectors: Growth areas for next 5 years Strong Government support: “Make in India” initiative Import restrictions, quality control order and anti-dumping – eliminating cheap imports from China 46
Slide 48: Welspun Corp - ESG
Welspun Corp - ESG S&P Global DJSI ESG RATINGS 80 73 th Ranked 6 among 68 60 57 companies in Steel 40 41 Sector globally 20 in 2024 0 9 2020 2021 2022 2023 2024 Long Term Carbon Neutrality Water Neutrality Zero waste to by 2040 by 2040 landfill Sustainability Goals 47
Slide 49: Summary: Welspun Corp
Summary: Welspun Corp Largest Global Player in Growth: 3 Years Line Pipes Revenue EBITDA Size, Scale and Approvals 10% to 12% >15% Growth from KSA, USA CAGR CAGR Data Centers, India Water ROCE Capex and Exports Sintex: B2B + B2C 22% to 23% ₹ 5,500 CRORES Governance – Gold Standard Net Debt
Slide 50: Welspun Enterprises
Welspun”
Slide 51: Welspun Enterprises Limited
Welspun Enterprises Limited 50
Slide 52: Welspun Enterprises: Delivered what we promised
Welspun Enterprises: Delivered what we promised Water Transport Tunnel Unique & valuable water High Quality BOOT project Acquired Michigan & built inhouse company capabilities Largest multi-storied WwTP (Dharavi) Won Pune Shirur Elevated Highway BOT (Toll) Strengthening the capabilities to L
Slide 53: Infrastructure Play across Verticals with Opportunity of ~₹18 Lakh Crores
Infrastructure Play across Verticals with Opportunity of ~₹ 18 Lakh Crores Water Transport Tunnel Opportunity Size - ₹ 5,75,000 Crores Opportunity Size - ₹ 6,50,000 Crores Opportunity Size - ₹ 6,00,000 Crores TAM - ₹ 2,10,000 Crores TAM - ₹ 2,50,000 Crores TAM - ₹ 2,00,000 Crores Budgetary surge o
Slide 54: Governance Goals - Stakeholder focused
Governance Goals - Stakeholder focused Prudent capital allocation: Asset light: Selective bidding, Clear focus on margins 6 assets monetized, ASRP on track for monetization Independent & Strong Board: All statutory committees chaired & comprise of majority Independent Directors 53
Slide 55: Steady Track Record in Last 5 Years
Steady Track Record in Last 5 Years* CAGR ~14% CAGR ~25% 3,695 13,800 14,354 2,758 2,872 8,400 10,100 8,437 1,530 1,401 FY 21 FY 22 FY 23 FY 24 FY 25 FY 21 FY 22 FY 23 FY 24 FY 25 Order Book (in ₹ Crores) Revenue (in ₹ Crores) CAGR ~24% 730 616 391 313 323 FY 21 FY 22 FY 23 FY 24 FY 25 EBITDA (in ₹
Slide 56: Steady Track Record in Last 5 Years
Steady Track Record in Last 5 Years Net Debt/Equity RoCE 1.5 20% 18.3% 18.3% 1.0 1.1 16.1% 1.0 15% 10% 10% 0.5 0.1 10% 0.0 FY-21 FY-22 FY-23 FY-24 FY25 5% -0.5 -0.2 -0.6 0% -1.0 FY-21 FY-22 FY-23 FY-24 FY25 Payback to investors (₹ in Crores) 350 303 300 250 200 150 135 100 30 41 50 22 0 FY-21 FY-22
Slide 57: Green - Sector leading in ESG Rating
Green - Sector leading in ESG Rating CRISIL 55 Progressive Industry Average Sustainalytics 36 Stable Transition Zone Advancing Low-Carbon Infrastructure Note: ESG Data. FY 24 - 25 56
Slide 58: Summary: Welspun Enterprises
Summary: Welspun Enterprises Order book continues to grow at CAGR @~ 20-25% Revenue continues to grow at CAGR @ ~15-16% EBITDA margins @ ~18-20% Average RoCE continues @~18-20% Maintain strong liquidity position Strong Credit Rating in AA Category 57
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Slide 60: Governance & Stakeholder focused
Governance & Stakeholder focused Capital Allocation Focus Guide to hi-quality return ROCEs @ ~20% across companies Revenue CAGRs EBITDA margins @ 15-20% @ mid-teen Credit rating Other fundamentals - ‘Always in place’ 59
Slide 61: Strategic Pillars
Strategic Pillars Growth R&D and Innovation Sustainability Sustainable expansion, balancing Building a culture of innovation, Commitment to Governance, organic and inorganic growth. |where R&D drives differentiation and People, Planet, and Profit competitiveness. philosophy. Product Enhancement Prof
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