Hitachi Energy India Limited · NSE:POWERINDIA

Hitachi Energy India — Q2 FY24 Earnings Presentation

17 slides from Hitachi Energy India's earnings presentation, Nov 6, 2023

1. Slide 1: Analysts/Investors' Presentation cover letter

   HITACHI lnspire the Next: November 6, 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street G Block, Bandra-Kurla Complex, Bandra (E) Mumbai 400 001 Mumbai 400 051 (Atten: DCS Listing) (Atten: Manager Listing Departm

2. Slide 2: Q2FY24 Analyst Conference

   Q2FY24 Analyst Conference N Venu, Managing Director & CEO Hitachi Energy India Limited 2023-11-06 © 2023 Hitachi Energy. All rights reserved. @Hitachi Energy

3. Slide 3: Important notices

   Important notices HITACHI lnspire the Next: This presentation includes forward-looking information and statements including statements concerning the outlook for our businesses. These statements are based on current expectations, estimates and projections about the factors that may affect our future

4. Slide 4: License to operate: Safety, Integrity & Quality

   License to operate: Safety, Integrity & Quality HITACHI lnspire the Next: Reinforce through training Customer recognitions Behavior-Based Safety, For superlative OHS culture through and customer service Occupational Health & General through project lifecycle across plan-build-operate phases Health,

5. Slide 5: Sustainability 2030 – A microcosm in Doddaballapur factory

   Sustainability 2030 – A microcosm in Doddaballapur factory HITACHI lnspire the Next: 609kWp solar rooftop solar Eliminating single use plastic and paper cups First OpEx model rooftop solar project for Hitachi Energy facilities Greenhouse gas em1ss1ons (kt C02e) Total waste by waste hierarchy (t) /.

6. Slide 6: Energy transition and climate action plans driving order growth

   Energy transition and climate action plans driving order growth HITACHI lnspire the Next: Q2FY24 Growth Growth INR CR (Jul – Sep 23) QoQ YoY Key order wins Orders 1,747.1 t +52.3% t +36.7% ▪ 600MVAr Fatehgarh-3 Statcom Revenue 1,228.2 t +17.8% t +10.1% ▪ 400kV GTs for Ratle HEP PBT 32.4 t +857.7% !

7. Slide 7: Economic growth momentum likely to continue through CY

   Economic growth momentum likely to continue through CY HITACHI lnspire the Next: Macro-economic snapshot India’s factory output rose to a 14-month high of 10.3% in August ■ Apr'21-Aug'21 ■ Apr'22-Aug'22 ■ Apr'23 -Aug' 23 • GDP grew by 7.8% YoY in Apr-Jun’23, expected to 60.3 grow at 6.5% (RBI*) for

8. Slide 8: End to end partnerships towards the energy transition (1/2)

   End to end partnerships towards the energy transition (1/2) HITACHI lnspire the Next: Substation Automation System with Process Bus Substation Automation System Training for partners on engineering and configuration of RTU500 series products Grid connection for upcoming 300MW solar PV power plant in

9. Slide 9: End to end partnerships towards the energy transition (2/2)

   End to end partnerships towards the energy transition (2/2) HITACHI lnspire the Next: Commissioned 220/33kV substation for one of the world’s Successful Test Trail Run of Indore Metro with 750V DC third rail largest web service providers On-target commissioning of 220/33kV GIS S/S at Gedu, Bhutan 8

10. Slide 10: Large order stemming from India's energy transition actions

    Large order stemming from India’s energy transition actions HITACHI lnspire the Next: 2 X 300MVAr STATCOM for renewable evacuation & integration project in Fatehgarh, Rajasthan Order package also includes two 400kV AIS extension bays Made in India High Power STATCOM Critical components to be manufac

11. Slide 11: Transmission drives growth with breakthrough STATCOM order

    Transmission drives growth with breakthrough STATCOM order HITACHI Key Segments lnspire the Next: Transmission Power Quality (excl STATCOM) Datacenters Railways & Metros Green Energy Corridors Grid Stability , 24 X7 Reliable Power 5G launched in India Indian Rail target net zero by 2030 Breakthrough

12. Slide 12: Step up performance in growth levers

    Step up performance in growth levers HITACHI lnspire the Next: Services post ~40% YoY growth ▪ Order for SCADA replacement in National Transmission Asset Management Centre & Regional Transmission Asset Management Centre ▪ Network SCADA Order from Bhutan ▪ HVDC Life Cycle Spares order from National U

13. Slide 13: Financial performance – Profit & Loss Statement

    Financial performance – Profit & Loss Statement HITACHI lnspire the Next: (INR crore) July to Sept Apr to Jun 2023 July to Sept 2022 6M 2023-24 6M 2022-23 2023 (Apr to Sept 2023) (Apr to Sept 2022) Orders 1747.1 1,147.5 1,278.5 2,894.6 4,333.1* Revenue 1228.2 1,043.0 1,115.0 2,271.2 2,106.3 PBT 32.4

14. Slide 14: Financial performance – expenses overview

    Financial performance – expenses overview HITACHI lnspire the Next: Amount in Rs. Crore Particulars 3 months ended 3 months ended 3 months ended 30/09/2023 30/06/2023 30/09/2022 Crs % Crs % Crs % Income Revenue from operations 1,228.0 100.0 1,040.1 100.0 1,114.6 100.0 Other income 0.2 0.0 0.2 0.0 0.

15. Slide 15: Priorities for profitable and sustainable growth

    Priorities for profitable and sustainable growth HITACHI lnspire the Next Markets Maintain leadership in core segments 01. Grow orders in Service, Export & Digital Harness new segments and markets Business Percolate safety mindset through all levels of project sites and factories -- 02. Leverage hig

16. Slide 16: Hitachi Energy

    @Hi tach i Ener gy

17. Slide 17: HITACHI

    HITACHI lnspire the Next:

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