Slide 1: Letter to stock exchanges: Investor Presentation Q1 FY27
Date: 05th August, 2026 Listing Compliance Department BSE Limited The National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Tower, Exchange Plaza, Plot No. C/1, G Block, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400001 Mumbai – 400051 Scrip Code: 544198 Symbol: DEEDEV Sub: Investor
Slide 2: DEE Development Engineers Investor Presentation Q1 FY27
DEE Development Engineers INVESTOR PRESENTATION Q1 FY27
Slide 3: Contents
Contents 01 03 About DEE Financial Overview 02 Business Overview
Slide 4: About DEE
01 About DEE
Slide 5: About DEE: A Scaled, Integrated Process Piping Leader
About DEE: A Scaled, Integrated Process Piping Leader A design-led manufacturing partner delivering end-to-end solutions for complex industrial applications WHO WE ARE • Founded in 1988 by Mr. K. L. Bansal, DEE has built a proven track 1988 38 record of 38 years in specialized process piping solutio
Slide 6: FY26: Milestones That Shaped Our Growth
FY26: Milestones That Shaped Our Growth INR Cr Revenue Op. EBITDA FY25 FY26 FY25 FY26 Corporate Actions 827 1,142 124 189 • New CFO appointed — Mr. Brham Prakash Yadav 38% YoY 53% YoY Strategic Move • Green Hydrogen clean-tech partnership signed entry into new energy segment PAT Order Book Capacity
Slide 7: Investment Rationale
Translating Engineering Leadership into Long-Term Value Creation Capacity Expansion & Scalability Financial Resilience Port-led growth platform Deleveraging Scalable global footprint Hedged commodity exposure Capex cycle nearing completion Stable input costs Unveiling the Margin Improvement Growth V
Slide 8: A Multi-Decade Journey of Consistent Execution
A Multi-Decade Journey of Consistent Execution Foundation & Capability Scale-Up, Visibility & Capacity Build-Up (1988-2012) Expansion (2023–2025) Bangkok Ops & Supply to Anjar Numaligarh Palwal Petroleum Commenced Ops Facility Units I & II refinery in Nigeria 2006-10 2017 2022 2024 1988 2012-14 2020
Slide 9: Board Of Directors
Board Of Directors Krishan Lalit Bansal Promoter, Chairman & Managing Director • Founded the company in 1988 • Extensive experience across prefabricated piping systems and the biomass power sector • Recipient of Business Leader of the Year (2011) and Lifetime Achievement Award (2016) from the Farida
Slide 10: Experienced Leadership
Experienced Leadership Krishan Lalit Bansal Promoter, Chairman & Brham Prakash Yadav Managing Director Chief Financial Officer Pankaj Agarwal Ranjan Kumar Sarangi Chief Operating Officer CS & Compliance Officer
Slide 11: Experienced Leadership
Experienced Leadership Mr. B S Jangra, CEO - Malwa Power Mr. Gaurav Narang Private Limited Sr. Vice President K . Kris CEO – DEE Piping Systems (Thailand)
Slide 12: Design-to-Delivery Execution Model
Design-to-Delivery Execution Model Companies require specialized high-pressure DEE qualifies through audits and wins piping for large industrial projects orders via technical-commercial bidding Client DEE wins In-house engineers design and obtain order approval for customized piping layouts Pipes ar
Slide 13: Management Commentary
Management Commentary “During Q1 FY27, we delivered a healthy operating and financial performance, with growth in revenue, Operating EBITDA, and PAT, driven by strong execution across our core business, particularly from power sector. During the quarter, revenue recognition of approximately ₹25 cror
Slide 14: Business Overview
02 Business Overview
Slide 15: Diversified Business Portfolio
Diversified Business Portfolio Piping Spools Heavy Fabrication Pre-assembled pipe sections delivered Large steel structures for emissions ready-to-install, reducing on-site work control and wind energy, and speeding up project execution. manufactured to customer specifications. Industrial pipe fitti
Slide 16: Q1FY27 - Quarterly Snapshot Consolidated
Q1FY27 - Quarterly Snapshot Consolidated 3M Q1 FY27 Highlights INR Cr Preferential Issue 31.6% YoY ₹300 Cr preferential issue at ₹502/share, anchored by Revenue ROCE WhiteOak, Kotak, 360 ONE & ValueQuest. ₹294.5 (18.6)% QoQ NA Deleveraging ₹225 Cr earmarked for debt repayment, strengthening balance
Slide 17: Q1 FY27 Order Inflow and Closing Orderbook
Q1 FY27 Order Inflow and Closing Orderbook Order Inflow (in %) Closing Order book ( ₹in Cr) 2% 7% 9% ₹ 780.87 cr. ₹ 2,428.20 cr. YTD Order Intake as on Jun’26 93% 89% Process Piping Solutions Heavy Fabrication Gas Power Process Piping Solutions Heavy Fabrication Gas Power
Slide 18: Segmental Highlights – Q1 FY27
Segmental Highlights – Q1 FY27 INR Cr Business Q1 FY27 Q4 FY26 Q-o-Q Q1 FY26 Y-o-Y FY26 % Q1 FY27 Revenue from Operations Split Core-Business 278.4 342.4 (18.7%) 209.3 33.0% 1,086.5 Non Core-Business 16.1 19.2 (16.0%) 14.5 11.2% 55.5 95% Core Total Revenue 294.5 361.6 (18.6%) 223.8 31.6% 1,142.0 Non
Slide 19: Core Business Performance
Core Business Performance INR Cr Robust Core Business Performance Driving Value Creation Revenue 1087 707 745 Core Business 3M 521 209 278 (₹ in Cr) FY23 FY24 FY25 FY26 Q1FY26 Q1FY27 Revenue 278.4 Operating EBITDA 33.0% YoY 195 85 107 56 36 50 Op. EBIDTA 49.6 FY23 FY24 FY25 FY26 Q1FY26 Q1FY27 36.4%
Slide 20: Core Business Highlights
Core Business Highlights Positioned for global capex Largest process piping capacity in India: upcycle, enabling sustained Piping:- 93,500 MTPA, volume and order inflow growth Heavy Fabrication:- 32,400MTPA, supporting scale-led execution and market leadership Diversification into heavy Strong engin
Slide 21: Core Business – Specialized Process Piping Solutions
Core Business – Specialized Process Piping Solutions DEE is India’s largest player in process piping solutions in terms of installed capacity, providing end-to-end design-led-manufacturing. Diverse Product Manufactures high-pressure piping systems, piping spools, industrial pipe fittings, Portfolio
Slide 22: Core Business – Heavy Fabrication & Infrastructure
Core Business – Heavy Fabrication & Infrastructure This segment supports the renewable energy sector-wind and critical industrial infrastructure through large-scale engineering and assembly. Wind Turbine Manufactures custom tubular steel windmill towers delivered in sections (12 to 33 Towers metres)
Slide 23: Strategically Positioned Global Manufacturing & Service Footprint
Strategically Positioned Global Manufacturing & Service Footprint INDIA 1. Palwal, Haryana THAILAND Operates three units with a combined capacity of 36,000 MT Unit I focuses on high-pressure piping and induction bends – 9,000 MT Unit II handles industrial fittings – 3,000 MT Unit III is dedicated to
Slide 24: Scaling Up Through New Facilities
Scaling Up Through New Facilities The U-shaped plant design enables efficient Anjar - Seamless Pipe Plant Anjar - Pipe Fabrication Unit material handling, reducing time and costs. Advanced automation and technology Strategic backward minimize manual labour dependency, integration to enhancing produc
Slide 25: DEE has strong diversified customer base across geographies
DEE has strong diversified customer base across geographies Focus on Domestic and Developed Markets Served 27+ countries Served 4+ continents
Slide 26: Diverse Clientele Across Critical Industries
Diverse Clientele Across Critical Some of the Marquee Clientele Industries Industries Served – Q1 FY27 Refinery & Chillers & Cooling LNG Petrochemical System Pulp & Paper Pharmaceuticals Hydrogen Chemicals & Pipeline for Sugar Gas & Water Fertilizers Thermal Power Carbon Capture Oil & Gas Semiconduc
Slide 27: Non Core Business – Power Generation
Non Core Business – Power Generation Revenue – Q1 FY27 Abohar Biomass Power Plant 16 • Plant spans 205,681.48 sqm area with 8 MW aggregate capacity, fully contracted 14 under 30-year PPA signed March 4, 2011 with Punjab State Power Corporation Limited (PSPCL). • PPA commenced February 5, 2009; PSPCL
Slide 28: Non Core – Highlights
Non Core – Highlights Management agility demonstrated Proactive turnaround of non-core by pivoting from power-only biomass assets, where near-term losses from operations to high-margin biomass tariff revisions are being addressed pellet manufacturing with minimal through swift business model increme
Slide 29: Vision 2030 & Strategic Roadmap
Vision 2030 & Strategic Roadmap Unlocking ₹2,500 Cr Revenue with 20% Margins by FY30 Revenue Trajectory 2,500 Cr Order Book & Pipeline: 2,428 Cr Executable Order Book 2,000 Cr FY27 Order Visibility 1,800 Cr 40% Bid Success Rate 1,500 Cr 1,142 Op.EBITDA Guidance: 827 19-20% margin by FY30 Op.EBITDA C
Slide 30: Vision 2030 & Strategic Roadmap
Vision 2030 & Strategic Roadmap 1. KEY INDUSTRY DRIVERS 2. MARGIN EXPANSION LEVERS 3. THE INVESTOR FLYWHEEL Prioritized for Investors Clear Value Creation Sustainable Value Creation CORE ORDER BOOK VISIBILITY STRUCTURAL MARGIN DRIVERS Order Visibility Strong pipeline across core Domestic Thermal Exp
Slide 31: Financial Overview
03 Financial Overview
Slide 32: Q1 FY27 – Consolidated P&L
Q1 FY27 – Consolidated P&L INR Cr % Change % Change Particulars (₹ Cr.) Q1 FY27 Q4 FY26 Q1 FY26 FY26 QoQ YoY Revenue from Operations 294.5 361.6 (18.6%) 223.8 31.6% 1,142 Op. EBITDA 49.7 65.9 (24.5%) 35.9 38.7% 189.3 Op. EBITDA margin (%) 16.9% 18.2% (134bps) 16.0% 86bps 16.6% Add: Other Income 2.5
Slide 33: Q1 FY27 Key Performance Indicators
Q1 FY27 Key Performance Indicators INR Cr REVENUE from Operations Op.EBITDA & Op.EBITDA Margins (%) PAT & PAT Margins (%) ▲ 31.6% YoY (18.6)% QoQ ▲ 38.7% YoY (24.5%) QoQ ▲ 22.4% YoY (41.9%) QoQ 200 30. 0% 180 Quarter 200 15% 25. 0% 160 180 13% 160 140 20. 0% 11% 18.2% 140 120 16.9% 9% 100 16.0% 15.
Slide 34: FY26 Key Performance Indicators
FY26 Key Performance Indicators Debt to Equity (x) Net Debt to EBITDA(inc. other income) (x) 5.00 3.88 4.09 4.02 3.81 3.76 4.00 1.02 0.85 0.89 3.00 0.70 0.73 2.00 1.00 0.00 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Net Debt to EBITDA Return on Capital Employed (%) Return on Equity (%) 9.10%
Slide 35: Capital Market Overview
Capital Market Overview Marquee Investors Shareholding Pattern Public 16% Current Market Price* INR ₹658 52 Week High / Low INR 760 / 183 FII + DII 19% Market Capitalization ₹4,952 Cr. Promoters 65% No. Shares Outstanding 7.52 Cr. NSE DEEDEV Promoters FII + DII Public BSE 544198 *CMP is as on 04.08.
Slide 36: Thank You
SAFE HARBOR This presentation may contain certain “forward-looking statements” within the meaning of applicable securities laws and regulations, which may include those describing the Company’s strategies, strategic direction, objectives, future projects and/or prospects, estimates etc. Investors ar