Slide 1: Corporate Presentation | August 2026
Corporate Presentation | August 2026
Slide 2: Safe Harbour Statement
Safe Harbour Statement This presentation contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or pro
Slide 3: Symphony - No. 1 Air Cooler Brand Globally, Excluding China
SYMPHONY - NO. 1 AIR COOLER BRAND GLOBALLY, EXCLUDING CHINA Source: Euromonitor International Ltd, Consumer Appliances 2026ed; per Air Coolers definition; retail volume sales; 2025 data. 3
Slide 4: Table of Contents
Table of Contents 01 | Symphony: India Anchored, Asset-Light, Beyond India Summer 02 | India Business: The Earnings Anchor 03 | From India Strength to International Reach 04 | Financial Performance: FY26 Reset, Q1FY27 Operating Recovery 05 | Credibility, Conduct and Capital Return 4
Slide 5: Symphony: India-Anchored, Asset-Light, Beyond India Summer
01 | Symphony: India-Anchored, Asset-Light, Beyond India Summer Core India economics anchoring disciplined expansion across seasons, products and markets Core Economics | Operating Discipline | Seasonality Balance | Global Reach
Slide 6: Symphony at a Glance
Symphony at a Glance Air Cooling Leadership | Expanding Beyond India Summer Products (BISP) A focused cooling business transitioning from India-centric seasonal leadership to a diversified, multi-market company A brand-led, asset-light company – BISP and international subsidiaries creating seasonali
Slide 7: Evolution Through Strategic Focus and Calibrated Expansion
Evolution Through Strategic Focus and Calibrated Expansion A focused reset has shaped today’s calibrated expansion beyond India summer 1 2 3 4 (1988-94) (1995-2001) (2002-08) (2009-Present) FOUNDATION PHASE DIVERSIFICATION & STRESS PHOENIX MOMENT MULTI-MARKET EVOLUTION Category creation Strategic Le
Slide 8: Portfolio Architecture Broadening Beyond India Summer
Portfolio Architecture Broadening Beyond India Summer India remains the earnings anchor, while international businesses add seasonality balance and growth optionality Earnings Resilience Capability Depth Growth Optionality Entity / Market Portfolio role Strategic contribution Management focus Sympho
Slide 9: Asset-Light Operating Model Powered by Brand, Innovation & Distribution
Asset-Light Operating Model Powered by Brand, Innovation & Distribution Category leadership, product differentiation, and agile execution support scalable growth CORE ENGINE EXECUTION ENGINE EXPANSION ENGINE Preserve category leadership and monetise Convert insights into differentiated products Scal
Slide 10: India Business: The Earnings Anchor
02 | India Business: The Earnings Anchor Underpenetrated category, trusted brand, and distribution depth powering the core Category Opportunity | Innovation Leadership | Brand Strength | Distribution Depth
Slide 11: India Portfolio: Cooling Leadership, Expanding Beyond Summer
India Portfolio: Cooling Leadership, Expanding Beyond Summer Air coolers remain the anchor; BISP adjacencies extend use cases, seasons and customer segments BISP Adjacencies across B2B, usage extension Summer-led core air cooler franchise Built through existing brand and distribution leverage and wi
Slide 12: Household Cooling: Large Affordability Gap and Penetration Opportunity
Household Cooling: Large Affordability Gap and Penetration Opportunity Air coolers address diverse affordability and usage needs alongside fans and ACs Cooling Pyramid (HH penetration in %) Air Cooler Penetration (HH in %) Indian Air Cooler Market Organized Unorganized Air 10% Conditioner ₹ 10,000 C
Slide 13: Household Air Coolers: Structural Drivers Supporting Long-Term Growth
Household Air Coolers: Structural Drivers Supporting Long-Term Growth Rising heat stress, improving affordability and low penetration support category expansion Rising heatwave intensity in India Rapid Urbanisation 200 % of population residing in Avg. number of heatwave 190 43% 174 150 40% urban are
Slide 14: Indian Air Cooler Market: Structure and Growth Dynamics
Indian Air Cooler Market: Structure and Growth Dynamics Underpenetrated category benefiting from formalization and consumer upgradation TAM Market Organized Key Segments Not Drivers Accelerating (At primary level) Composition Market Share Reported* Shift To Organized Market ~ ₹5,000 Cr. ─ Symphony (
Slide 15: Symphony: Innovation-Led Category Leadership
Symphony: Innovation-Led Category Leadership Multiple first-to-market products across formats and technologies 1989 2009 2016 2017 2019 2022 World’s first Tower format World’s first Touch range India’s first India’s first plastic-body air cooler wall-mounted with 4-side double-decker BLDC air air co
Slide 16: Symphony: Innovation Capabilities Driving Product Differentiation
Symphony: Innovation Capabilities Driving Product Differentiation Product features enhancing performance, convenience, and consumer experience Remote Control 1 5 Mosquito Repellent Power Saver 2 6 Digital Touchscreen Technology i-Pure Technology – Multistage Air 3 7 Gesture Control and Purification
Slide 17: Symphony Air Coolers: Serving Diverse Cooling Needs [1/2]
Symphony Air Coolers: Serving Diverse Cooling Needs [1/2] Multi-SKU ranges spanning multiple formats, capacities, price points, and use cases across consumer segments Air Force Silenzo Maxwind (A force to reckon with – propelling the move (The benchmark for silent cooling in India) (Unleashing power
Slide 18: Symphony Air Coolers: Serving Diverse Cooling Needs [2/2]
Symphony Air Coolers: Serving Diverse Cooling Needs [2/2] Multi-SKU ranges spanning multiple formats, capacities, price points, and use cases across consumer segments Diet Sumo Movicool (Sleek and trendy tower air cooler) (Desert cooling powerhouse) (Large space cooling expert) & many more… 18
Slide 19: LSV: Scalable ROI-Led B2B Cooling Adjacency
LSV: Scalable ROI-Led B2B Cooling Adjacency Fresh-air cooling for commercial and industrial spaces, with lower operating cost versus HVAC A higher-value, use-case-led B2B extension of Symphony’s core cooling capability Productivity + payback proposition 1 Heat stress reduces shopfloor output; LSV im
Slide 20: Fans: Complementing the Core Cooling Category
Fans: Complementing the Core Cooling Category Enabling additional cooling applications and driving incremental demand through existing distribution CATEGORY POSITIONING AC-assist + air circulation in Kitchen + personal spot- Tower fans compact spaces Cooling fans cooling proposition Sleek, bladeless
Slide 21: Water Heaters: Reducing Seasonality, Expanding Opportunities
Water Heaters: Reducing Seasonality, Expanding Opportunities Extends Symphony’s relevance beyond summer cooling; positioned around efficiency, safety, and durability Daily-use appliance extensions anchored in differentiated features Category role 1 Counter-seasonal appliance adjacency across instant
Slide 22: Omnichannel Distribution Driving Market Reach
Omnichannel Distribution Driving Market Reach Enabling broad market coverage, improved accessibility, and diversified growth channels General Trade Large Format Regional Chain Institutional E-commerce D2C Stores Stores Sales Core distribution Enhancing brand Driving localized Serving bulk High-growt
Slide 23: Building Category Leadership Through Consumer-Led Marketing
Building Category Leadership Through Consumer-Led Marketing Consumer insights and scaled execution strengthening brand salience, demand visibility and pricing power Consumer & Innovation-Led Scaled Data Engine Branding Execution GOOGLE RATINGS & REVIEWS ✓ Category Ownership: ‘Air Cooler = Symphony’
Slide 24: Biggest Ever TV Campaign
cs STVCS Ea THAT CONNECT WITH EVERY HEART. ONE CAMPAIGN. oo AA COUNTLESS SMILES. IN MULTIPLE ACROSS TOP CHANNELS LANGUAGES. NATIONWIDE. 70+ CHANNELS | an 70,000 SPOTS = THANK YOU INDIA! ; FOR MAKING THIS OUR BIGGEST EVER TV CAMPAIGN.
Slide 25: Digital Campaign: Product-Led Demand Generation at Scale
Digital Campaign: Product-Led Demand Generation at Scale Sharper creative themes and credibility-led amplification – translating product propositions into measurable reach & engagement SILENZO CAMPAIGN Garmi: Ek Agnipariksha (Industry-first branded micro-drama) AI VIDEOS Air Force Campaign (AI-power
Slide 26: From India Strength to International Reach
03 | From India Strength to International Reach Overseas subsidiaries extending the core business through market access, sourcing and seasonality balance Export Reach | Market Access | Capability Support | Seasonality Balance
Slide 27: IMPCO Mexico: Market Access with Multi-Category Demand Balance
IMPCO Mexico: Market Access with Multi-Category Demand Balance Cooling remains the anchor, while heaters, fans, air conditioners and washing machines support year-round market relevance Cooling-led market access Counter-seasonal and adjacent categories Channel productivity and BISP depth Product off
Slide 28: GSK China: Building Structural Advantage in Cost and Capability
GSK China: Building Structural Advantage in Cost and Capability Sourcing and engineering support strengthen product economics, customization speed and industrial cooling relevance Product engineering support Cost competitive sourcing Industrial cooling capability Strategic roles Capability breadth s
Slide 29: Bonaire USA: Focused Air-Cooling Business with Channel Access
Bonaire USA: Focused Air-Cooling Business with Channel Access Evaporative cooling presence across retail and e-commerce channels U.S. market access through established Focused cooling portfolio for dry-climate occasions Profitable seasonal platform with measured scale-up channels Product offerings F
Slide 30: CTPL Australia: Broad Climate Portfolio with a Grounded Outlook
CTPL Australia: Broad Climate Portfolio with a Grounded Outlook Year-round climate relevance, with focus on self-sustaining traction Brand-led market presence across climate Broader portfolio supporting year-round relevance Measured outlook with disciplined execution focus solutions Product offering
Slide 31: SCL Brazil: Asset-Light Entry with Portfolio Optionality
SCL Brazil: Asset-Light Entry with Portfolio Optionality Localized digital + offline route-to-market; broad air-cooling portfolio adapted for residential, outdoor and commercial use cases Climate-led market access Product-market validation Stage-gated scale-up with capped downside Strategic roles Pr
Slide 32: Financial Performance: FY26 Reset, Q1FY27 Operating Recovery
04 | Financial Performance: FY26 Reset, Q1FY27 Operating Recovery FY26 reset reduced legacy overhang; Q1FY27 reflects renewed domestic momentum and margin discipline Operating Momentum | Margin Discipline | FY26 Reset | Structure Simplification
Slide 33: Consol. FY26: Standalone Softness and Impairments Weighed on Earnings
Consol. FY26: Standalone Softness and Impairments Weighed on Earnings Standalone + continued CTPL weakness dragged performance; gross margin held firm at 47.6% (₹ Cr.) Revenue EBITDA PBT* PAT (After Exceptional Items) 1,131 128 149 (-141) v/s 1,576 (▼28%) v/s 316 (▼60%) v/s 326 (▼54%) v/s 213 11.3%
Slide 34: Standalone FY26: Seasonal Weakness and One-Off Items Weighed on Earnings
Standalone FY26: Seasonal Weakness and One-Off Items Weighed on Earnings Weather-led demand softness impacted performance, while gross margin remained resilient at 47.4% (₹ Cr.) Revenue EBITDA PBT* PAT (After Exceptional Items) 765 115 164 (-166) v/s 1,182 (▼35%) v/s 287 (▼60%) v/s 329 (▼50%) v/s 17
Slide 35: Exceptional Items and Impact on Reported Profitability
Exceptional Items and Impact on Reported Profitability The business economics of Symphony and other subsidiaries remain intact, supported by earnings quality and robust cash flows (₹ Cr.) Consol. FY26 Impairment / write-off pertaining to Australia business (-215) CTPL’s Deferred Tax Assets write-off
Slide 36: Australia Reset: Decisive Cleanup, No Further Capital Allocation
Australia Reset: Decisive Cleanup, No Further Capital Allocation Acquisition under-delivered versus intent; operating model reset and financial overhang reduced 1 2 3 4 Strategic Rationale External Shocks Operating Reset Decisive Cleanup ORIGINAL THESIS WHAT CHANGED BUSINESS RESET BALANCE SHEET RESE
Slide 37: Upstreaming Value, Simplifying Structure
Upstreaming Value, Simplifying Structure Direct ownership of IPRs and US business strengthen control and sharpen value capture at the listed entity IPRs Consolidation 100% Equity Acquisition of Bonaire USA RATIONALE WHY IT MATTERS ▪ Direct ownership of IPRs by Symphony instead of CTPL ▪ Direct owner
Slide 38: Consol. Q1FY27: Topline Resilience, Margin-Led EBITDA Growth
Consol. Q1FY27: Topline Resilience, Margin-Led EBITDA Growth Resilience in India, the USA and China outweighed headwinds in export, IMPCO and CTPL (₹ Cr.) Revenue & Profitability Key Takeaways → Second highest June quarter revenue and EBITDA Revenue EBITDA PAT → Standalone performance: India-led gro
Slide 39: Standalone Q1FY27: Strong Domestic Momentum, Disciplined Cost Execution
Standalone Q1FY27: Strong Domestic Momentum, Disciplined Cost Execution Volume-led India growth and disciplined execution offset export softness and cost pressures (₹ Cr.) Revenue & Profitability Key Takeaways → Second highest June quarter revenue, underscoring Revenue EBITDA PAT domestic demand res
Slide 40: TTM Financials: Jun'26 v/s Jun'25
TTM Financials: Jun’26 v/s Jun’25 (₹ Cr.) Standalone Capital Employed in ROCE (%) RONW (%) Treasury Core Business (PBIT / Capital Employed) (PAT / Net Worth) (As on 30/6/26) (As on 30th Jun) 73 164% 22% 345 v/s 136 v/s 166% v/s 26% v/s 363 Consol. Capital Employed in ROCE (%) RONW (%) Core Business
Slide 41: Credibility, Conduct and Capital Return
05 | Credibility, Conduct and Capital Return Governance-led operating conduct, measurable ESG footprint and consistent payout discipline Governance | ESG Discipline | Payout Discipline | Ownership
Slide 42: ESG by Design: Energy-Efficient Cooling with Measurable Footprint
ESG by Design: Energy-Efficient Cooling with Measurable Footprint Sustainability reinforcing product economics, compliance readiness and operating resilience FY26 operating footprint Product sustainability is the core ESG asset — not a separate CSR narrative. 0.3508 1.57 3.46 100% 0 Scope 1+2 intens
Slide 43: Governance-Led ESG: Credibility, Culture and Stakeholder Trust
Governance-Led ESG: Credibility, Culture and Stakeholder Trust ESG framed around governance, operating discipline and stakeholder trust Board oversight Responsible value chain Workplace quality Transparent investor communication Governance & controls People & workplace quality Responsible ecosystem
Slide 44: Consistent Payout to Shareholders
Consistent Payout to Shareholders Shareholders’ Payout Policy FY17–26 FY22–26 FY24–26 (% of Consol. PAT) (10 Years) (5 Years) (3 Years) At least 60% 68% 91% 65% ₹1,013 Cr. ₹676 Cr. ₹330 Cr. Dividend, Special Dividend, and Buyback Q1FY27: ► 1st interim dividend per share: ₹1 ► Face value: ₹2 (Upgrade
Slide 45: Shareholding Pattern (As on 30/6/26)
Shareholding Pattern (As on 30/6/26) 13.99% 1.66% Top Domestic Institutional Top Foreign Portfolio 2.44% Investors (DIIs) Investors (FPIs) HDFC Mutual Fund Vanguard Total International Stock 8.48% Index Fund UTI Mutual Fund Vanguard Emerging Markets Stock Index Fund ICICI Prudential Mutual Fund Acad
Slide 46: Glossary
Glossary A&P Spends : Advertisement and Sales Promotion Expenses : Beyond India Summer Products comprising Large Space Venti-Cooling (LSV), tower fans, kitchen BISP cooling fans, water heaters, India exports and overseas subsidiary sales. BUSA : Bonaire USA LLC CHPL, Australia : Climate Holdings Pty
Slide 47: Thank You
Thank You / \ ys | Master Cool! Arctic Circle | Hi | = BONAIRE | Durango | OtravelAire