Elgi Equipments Limited · NSE:ELGIEQUIP

Elgi Equipments — Investor Day (February 2025)

105 slides from Elgi Equipments's investor day presentation, Feb 27, 2025

Slide 1: Cover letter to stock exchanges
-- .- . ® I:: LI.I I February 27, 2025 Na onal Stock Exchange of India Limited (NSE) BSE Limited (BSE) Exchange Plaza, Phiroze Jeejeebhoy Towers, C-1, Block G Bandra Kurla Complex Dalal Street, Fort, Bandra (E), Mumbai - 400 051 Mumbai - 400 001 NSE Symbol: ELGIEQUIP BSE Scrip Code: 522074 Dear Mada
Slide 3: Disclaimer
Disclaimer This presentation includes forward-looking information, including statements concerning the outlook for our business. These statements are based on current expectations, estimates, and projections about the factors that may affect our future performance, including global economic conditio
Slide 5: Quick Facts
Company Profile Quick Facts 600+ Distributors Worldwide 2000+ Employees Worldwide 2Mn+ Compressors 5Mn + Sq.ft. Future-Ready Manufacturing Facilities US$ 390Mn * Annual Revenue FY 24 *@INR82.82/US$ ELLi i Always Better: Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights Reserved 4
Slide 6: Purpose Statement and Brand Promise
Purpose Statement and Brand Promise Customers Suppliers Distributors Purpose Statement Conscience in Action Our Stakeholders Brand Promise Society Employees “Always Better” Investors -- .._ . l::LL:111 Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights Reserved 5 Always Better.
Slide 7: Upholding Our Values
Upholding Our Values BE SENSITIVE COLLABORATE TRUST YOUR KEEP KEEP RAISING RAISING OWN OWN OUTCOMES OUTCOMES RESPOND RESPOND BE BE THOROUGH THOROUGH STAKEHOLDERS THE THE BAR BAR QUICKLY QUICKLY 111111111 1111111111 -· t:LI.II .- . Always Better. Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights
Slide 8: Global Presence
Global Presence - - , •...-_:'!► .,,._:'--'. ·) :"'- ...... "~ ., • -{.- •. ,.~ -~ -. - - 120+ Countries where ELGi does business ,,. ~ ... ,.i 28 Countries with direct presence 3 Countries with manufacturing presence ELi:ii Always Better. Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights Reserv
Slide 9: Subsidiary Companies and Joint Ventures
Subsidiary Companies and Joint Ventures Subsidiary Companies (Acquired) Joint Ventures ~ ADVANCED ~ air compressors ~ ~x~~~,~~~~ J E,, I F.) PATTONS ;f, Pattons medical a Indus.trial Air ~ Solutions LLP (An associate entity of El8i Equipments Ltd.) ~ TJ'-',' Pattons your compressed air partner m~Kal
Slide 10: ELGi Leadership
ELGi Leadership Jairam Varadaraj Anvar Jay S. Balajhee Bhavesh Karia Bheemsingh Brian Pahl Chris Ringlstetter Gaurav Gupta Managing Director Varadaraj Head - Vacuum President – Melchisedec President – President - Europe Chief Information Chief Operating Business ISAAME & SEA Director - Operations No
Slide 12: 64 Years of Global Transformation
64 Years of Global Transformation Establishment of Becomes a public Indigenizes the Receives the ISO Introduces new Elgi Equipments limited company manufacture of rotary 9001 certification generation oil free screw compressors screw air compressor 1960 1975 1983-88 1997 2000 ELGi Always Belt«. ♦ Pat
Slide 13: 64 Years of Global Transformation
64 Years of Global Transformation - .. • e -.~ 9 ~ Pulfard.i AIR&.GA.l" Acquires Pulford Air and • Wins Deming Prize. • Launches LD Series direct drive piston compressor. Launches PG 1250 portable compressors - ~. Launches electric-powered PG 110E -13.5, and the ' ' Gas, a Sydney-based • Launches AB
Slide 14: 5+ Million Sq. Ft. of Future-ready Manufacturing
Global Manufacturing Footprint 5+Million Sq. Ft. of “Future-ready” Manufacturing Facilities ELiii Always Better. Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights Reserved 13
Slide 15: Global Manufacturing Footprint
Global Manufacturing Footprint Complex Precision Efficient Castings Machining Drives ELGi Foundry 3 state-of-the-art State-of-the-art Produces high manufacturing units in motor manufacturing precision grey and the world with high plant to produce SG iron castings standards of quality highly efficien
Slide 16: Deming Award for Quality
Deming Award for Quality ⊙ 2019 Deming Award for Total Quality ELGi is the ﬁrst, globally Management (TQM) established industrial air ⊙ ELGi is one of 251 organizations globally to compressor manufacturer to have won the Deming Prize* have won the Deming Prize *In over six decades ⊙ ELGi is one of 2
Slide 18: Compressed Air Solutions for all Industrial Applications
Compressed Air Solutions for all Industrial Applications Automotive Textiles Pharma Rice and Pulse Leather Food & Beverage Healthcare Electronics Paper Manufacturing Oil & Gas Iron & Steel Mining Nuclear Plant Electrical Aviation Railways Construction -· .... l::LLII Copyright © ELGI EQUIPMENTS LIMI
Slide 19: Customer Vision - Lowest Ownership Cost
Customer Vision - Offer the Lowest Ownership Cost Supported by the Most Responsive Service ELGi aims to offer the lowest ownership cost experience ence by by 0 Delivering Products with the best-in-class power consumption Jmption 10% ~ Lowest cost of spares 15% % Longest maintenance intervals 75% '®,
Slide 20: Air Compressors across the Spectrum
Air Compressors across the Spectrum Product Portfolio EN Series EG Series Encapsulated Screw Oil Lubricated Screw Air Air Compressor Compressor ► 2.2 - 15 kW ► 11 - 250 kW 9 – 72.4 cfm 17 - 1540 cfm ■• EQ Series EG SP Series ................ ..... ... .i, Oil Lubricated Screw Air Oil Lubricated Scre
Slide 21: Air Compressors across the Spectrum
Air Compressors across the Spectrum Product Portfolio OF Series AB Series Oil Free Screw Oil Free Screw Air Compressor Air Compressor ► 45 - 450 kW ► 11 - 110 kW 190 - 2601 cfm 27.4 - 560 cfm . -c.~- PG F Series PG Series •••••• •••••• •••••••••••••• •• •••••••• •••••••••••• ............ l..:.i. -r-
Slide 22: Air Compressors across the Spectrum
Air Compressors across the Spectrum Product Oil Free Oil Lubricated Portfolio Recip Recip Oil Lubricated Piston Oil Free Piston Compressor Compressor ► 1 - 30 hp ► 0.75 - 30 hp 14.5 - 90 cfm 2 - 128 cfm Air accessories  Variable Frequency Drives CG Series  Receivers Centrifugal Compressor  Dryers
Slide 23: Oil Free Piston Air Compressors for Railways
Key Product: Oil Free Piston Air Compressors for Railways: Metros, EMU’s and Locomotives Product RR20 100 OF Portfolio ► 1750 lpm; 10 bar (g) 20 kW RS25 100 RR10 100 OF ► 900 lpm; 10 bar (g) 2000 lpm; 10 bar (g) 10 kW 18.5 kW ELGi Always Better. Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights
Slide 24: Airmate Air Accessories
Airmate Air Accessories 1. UPTIME Manager 2. Remote-Central Control 3. Moisture Separator 4. Airmate Receiver Wet 5. Airmate Filter-Pre Coalescing 6. AR P Refrigeration Dryer 7. Airmate Filter – Fine Coalescing 8. Airmate Filter- Carbon 9. Airmate Receiver Dry 10. Drain Valve 11. Heat Recovery Syste
Slide 26: ELGi's ESG Initiatives and Key Focus Areas
ELGi’s ELGi's ESG ESG Initiatives lnitiati~ and Key Focus Areas Focus Management Reporting Areas Priorities Requirements Resource Neutral Product Drf"\~ 1 , r t- Stewardship Diversity & Inclusion 0 Sustainable Sustainabli Supply Chain Operations Employee Well-being Occupational Human LJ, . ........
Slide 28: Feedback Received in 2024
Feedback Received in 2024 S.No. Feedback ELGi’s Response Backward integration into manufacturing our own castings, I had attended the plant visit could understand pressure vessels, rotor grinding machines, electric motors it now well. For someone new one slide that etc., gives us a competitive advan
Slide 29: Feedback Received in 2024
Feedback Received in 2024 S.No. Feedback ELGi’s Response Still not able to understand sub sectors of different 4 Presented in next slides (slide no. 30 to 32). Compressors. Can you put a detailed presentation? Plant visit could not see the final compressor next 5 time should include Singanallur plan
Slide 30: Feedback Received in 2024
Feedback Received in 2024 S.No. Feedback ELGi’s Response More business segment information will help investors to 8 This is competitive information. understand better. Thank you for explaining vacuum pump - tech, applications market landscape. very helpful. This is competitive information. 9 For the
Slide 31: Oil Lub. screw compressors: Industry-wise volume
Oil Lub. screw compressors: Industry-wise volume Food processing General Engineering (incl. rice & grain sorting) (Fabrication, Wood work, Electrical, etc.) 15% General 20% Engineering, Food processing and Iron and Steel Iron & Steel 11% are top 3 end- use industries constituting ~45% demand 20% for
Slide 32: Oil Free screw compressors: Industry-wise volume
Oil Free screw compressors: Industry-wise volume Food & Beverage 21% Pharma, Food Pharma 30% & Beverage and Power plants are top 3 end-use industries constituting 15% Power Plants 2/3rd demand for oil free 7% screw Others compressors (Gas generation, indirect exports, etc.) 3% in India Iron & Steel
Slide 33: Portable compressors: Industry-wise volume
Portable compressors: Industry-wise volume Construction & Waterwell Mining, 36% Waterwell and Oil & Gas are the 3 end-use industries constituting Construction & Mining 59% entire demand for portable1) compressors in India 5% Oil and Gas 1) Oil lubricated Source: Internal analysis ELG i Always Better
Slide 35: Slide 35
Slide 37: ISAAME | Sales Performance (INR Mn)
ISAAME | Sales Performance (INR Mn) What went well [FY25] FY21 FY22 FY23 FY24 FY25 E  Improved our market share in segments 8% like Construction, Railways and Industrials CAGR 17% as well as notable rise in SAAME region  New product launches like energy efficient SP series, PG850 Portable, additio
Slide 38: North America | Sales Performance (INR Mn)
North America | Sales Performance (INR Mn) FY21 FY22 FY23 FY24 FY25 E What went well [FY25]  Our GTM strategy for Industrial segment has progressed well focusing on increased CAGR 12% engagement with distributors and adding new distributors fueling double digit growth 8,445  The new product certif
Slide 39: Europe | Sales Performance (INR Mn)
Europe | Sales Performance (INR Mn) What went well [FY25]  New product introductions of our EQ, PM FY21 FY22 FY23 FY24 FY25 E and Super Premium models have been very 8% well received by our customers CAGR 22%  GTM strategy has started to bring results with the onboarding of key Channel Partners 3,
Slide 40: Australia | Sales Performance (INR Mn)
Australia | Sales Performance (INR Mn) FY21 FY22 FY23 FY24 FY25 E What went well [FY25]  New product introductions have been very 8% CAGR 1% well received by our customers  Install base increase in spares and service l 1,433 1,546 1,734 1,504 driving growth in direct aftermarket business  Large o
Slide 41: Business Performance - Mr. Indranil Sen, Chief Financial Officer
Business Performance - Mr. Indranil Sen, Chief Financial Officer Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights Reserved
Slide 42: Revenue (INR Mn)
Revenue (INR Mn) Across all Regions Act FY24 Est FY25 32178 34720 Revenue Growth Growth % 2542 8% ISAAME Australia Europe North America ATS Growth % Growth % Growth % Growth % Growth % 13% -13% 8% 1% 16% -- .._ . l::LL:111 Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights Reserved 41 Always Bett
Slide 43: Sales Performance (INR Mn)
Sales Performance (INR Mn) FY21 FY22 FY23 FY24 FY25 E 8% CAGR 16% 34,720 32,178 30,407 9% 8% 8% ■ Auto Equipment 25,247 ■ Foreign Subsidiaries 8% 44% ■ India Standalone 19,241 46% 52% 8% 47% 49% 46% 47% 45% 40% 43% ELG i Always Better. Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights Reserved 4
Slide 44: EBITDA (INR Mn)
EBITDA (INR Mn) FY21 FY22 FY23 FY24 FY25 E 4,860 5,118 4,328 [15%] [15%] [14%] 6% 6% 6% 19% 12% 2,923 [12%] 34% 2,157 6% ■ Europe Expansion [11%] 28% ■ Auto Equipment 7% ■ Foreign Subsidiaries 45% 82% 82% ■ India Standalone 73% 83% 72% -23% -18% -12% -7% 0% ELG i Always Better. Copyright © ELGI EQUI
Slide 45: Net Debt / Cash (INR Mn)
Net Debt / Cash (INR Mn) Mar 2024 – Jan 2025 Mar 21 Mar 22 Mar 23 Mar-24 Jan-25 Major movements Cash Profit I +4338 Net Working capital 3,831 I -228 598 2,140 I Dividend -632 (926) (920) I Tax -1078 I Capex -783 *Unaudited ELG i Always Better. Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights Re
Slide 47: Air Compressor Market: Global vs ELGi (USD mn)
Air Compressor Market: Global vs ELGi (USD mn) Global Air Compressor market size ELGi operating revenue 8% CAGR: 3.5% CAGR: 5.8% 21,350 14,700 209 390 FY13 FY24 FY13 FY24 During FY13-24, ELGi grew at 1.7 times the Global Air Compressor market growth Source: Annual reports, ELGi Internal estimates EL
Slide 48: Top Global Players by value
Top 10 Global Players by value Global Top 10 Players: Revenue1) (FY24, USD mn) Change CAGR 2) % % total ...... FY13-FY24 FY13-24 1 2 Atlas Copco 3,943 7,119 -- -- 33.3% 3.0% -- -- Ingersoll Rand 18.5% 2.4% (+1) t 3 Kaeser 3) 1,085 5.1% 2.0% (+3) t (+3) t ... 4 5 6 Hitachi-Sullair Fu Sheng 939 390 1,
Slide 49: Strategic Business Plan (SBP)
Strategic Business Plan (SBP) Revenue [USD m] SBP Goals Revenue USD 450 Mn | 8% CAGR (FY24-26) India RoW* 390 412 450 10% 7% 377 339 India vs RoW Profitability 53/47 16% T FY22 FY23 FY24 FY25 Est FY26 SBP Return on Capital Employed (ROCE) * RoW - Rest of the world 30% ELG i Always Better. Copyright
Slide 50: Emerging Business Opportunities, New Products/ Upgrades & Key Initiatives
Emerging Business Opportunities, New Products/ Upgrades & Key Initiatives - Mr. Premendra, Chief Strategy Officer Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights Reserved
Slide 51: Vacuum business update
Vacuum business update Team : Vacuum pump focused field sales team Phase-wise localization Plan has been hired. 3 on board so far. Plan to hire 2 (by % market coverage) GLOBAL more MARKET in 2025, and a dedicated service team. 100% Product : Focus is on lubricated / oil free rotary 15% -------------
Slide 52: ELGi launches high performance Vacuum Solutions
ELGi launches high performance Vacuum Solutions Expanding Horizons: ELGi Launches Advanced Vacuum Solutions for Modern Industries ELGi has expanded its industrial solutions portfolio with the launch of high- performance vacuum solutions in partnership with D.V.P. Vacuum Technology S.p.A., Italy. Des
Slide 53: Tier-4 EG and EQ series comparison
Tier - 4 EG series Tier - 1 & 2 EQ series Tier - 3 - Tier - 4 1370 1220 940 1500 1500 1160 Sl. EG 22 EQ 22 Tier - 4 Parameters No Value Index Value Index Value Index 1 Floor Area (m2) 1.23 100% 1.23 100% 0.82 66% 2 Volume (m3) 1.69 100% 1.50 89% 0.77 46% 3 Weight (Kg) 700 100% 675 96% 475 68% 4 Mate
Slide 54: EPSAC - Oil Lubricated Product Portfolio
New Products EPSAC - Oil Lubricated Product Portfolio • m,30,,,,, • 905P NEURON-IV NEURON-IV •• AiR~ALERT AiR~ALERT EG 90- 160 Super Premium EG 11-45 PMSM  2-Stage Air Ends driven by super-premium, IE4 motors  Best-in-class IE5+ Permanent Magnet Synchronous  Improved, class-leading energy efficie
Slide 55: EPSAC - Oil Lubricated Product Portfolio
New Products EPSAC - Oil Lubricated Product Portfolio EQ Series 11 - 45 kW High Pressure EN Assembly  Products for laser cutting segment and high-  Assembly of EN air stations (compressor, tank, and pressure application up to 15.5 bar g dryer) at HO for global markets  Compact and Modular  Compa
Slide 56: Oil Free/Water Injected Product Portfolio
New Features Oil Free/Water Injected Product Portfolio NEURON-IV AiR~ALERT OF 90 - 160 kW Outdoor Protection Kit Integrated Heat Recovery System OF 90 - 160 kW Air Cooled  Light weight Sheet metal roof construction  Oil Free models with integrated heat recovery system  Bolt-on design (with approp
Slide 57: Accessories Portfolio
New Features Accessories Portfolio Refrigerated Dryers 20 to 500 cfm  In-house manufacturing in world class setup  Stainless Steel plate type evaporators  Compatible for both R134a and R513a refrigerant  Modular design between standalone and integrated  Competitive Footprints  Launched in Indi
Slide 58: Portables Product Portfolio
New Products Portables Product Portfolio PG 850 – 290  Dual pressure option (250 & 290 psig)  Electronic engine  Silencer is kept inside the canopy  Weld free joints in air intake system Water Well Model  Turbo pre-cleaner for air intake system  Controller with IP 67 protection  Unique oil fi
Slide 59: Railways – EF9K 55000 (WAG10)
New Products Railways –EF9K 55000 (WAG10) RS25100 – Oil Injected Screw for Rail application. Compact Screw Compressor designed for longer maintenance intervals & reduced life cycle cost  Package combined with Compressor & Heatless desiccant Air dryer  Underslung Mounted  Direct drive  Compact an
Slide 60: Revolutionizing Air Compressor Operation through Stability
Revolutionizing Air Compressor Operation: Enhanced Reliability and Efficiency through Stability - Dr. Venu Madhav, Director - Product Excellence & Innovation Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights Reserved
Slide 61: Air Conditioner Operation
Air Conditioner Operation Standard AC Inverter AC Comfort Comfort AC Variable AC – On/Off Operation Room Room iiii iii AC will Continuously ON /OFF iiii iii AC will Continuously Vary for Maintaining the Temperature in the Comfort Zone for Maintaining the Temperature in the Comfort Zone This Unstable
Slide 62: Compressor Usage in a Typical Plant
Compressor Usage in a Typical Plant UE1 UE : User Equipment Supply --... -- ---------0 Air Compressor , UE2 UE3 UE4 UE5 Varying Plant Plant Demand  The gap between compressor Supply and plant Demand will cause unstable compressor operation leading to Efficiency and Reliability Challenges.  Variabl
Slide 63: Compressor Operation Without and With VFD
 VFD’s may bring new failure modes on electrical components due to speed and current variations  The Compressor Operation is unstable due to fluctuation in Demand with or without VFD. Pressure Compressor Operation Without and With VFD .... ,. 1 0 N "' U1 "' " "' 83 t ffl 165 247 ~ r· 329 411 I1:1
Slide 64: Impact of Unstable Operation
Impact of Unstable Operation \lelocilv ANSYS Stre-..,,1,. 1 lO!O R> 0 62 0.56 o.so 0.44 0 37 0.31 0.25 0.19 0.12 0.06 0.00 lms'·-11 Parts subjected to Fluid dynamics Parts subjected to Kinematics ( 20+ Numbers) (30 + Numbers)  Both the flow and kinematic related parts are under stress due frequent
Slide 66: Summary
Summary  Excessive Fluctuations can cause unstable compressor operation, affecting flow and kinematic components, leading to reliability and performance issues.  Variable Frequency Drives (VFDs) can balance Capacity and Demand, helping kinematic components to some extent but may introduce instabil
Slide 67: Introduction – Stabilisor
Introduction – “Stabilisor” The Principle is Simple: “Recirculate” & “Recover” Recirculate the Excess Capacity within the system Capitalize all possible avenues for any loss Recovery. The Technique and Control are Novel ELG i Always Better. Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights Reser
Slide 68: Understanding Compression Process
Understanding Compression Process Compression Chamber Rotation Angle vs Chamber Volume Zone # Function Status 120 : cu 100 80 Stabilization , ,, , ,, ,, --------~7 ,......,. - 6 u, .c RI ---cu - 0 Volume Increases Aiding Suction E :::J 60 0 > 40 1 - 5 - 4 3 I. :::J u, u, cu I. D. - 1 Stabilization A
Slide 69: Opportunities for Recirculation and Recovery
Opportunities for Recirculation and Recovery Rotation Angle vs Chamber Volume  Stabilization Zone is marginally @ higher 120 Pressure than Suction Zone - Possibility of Recirculation to Balance the Plant ,, --------r: 100 Stabilization , ,, 7 - I ll Demand - .0 80 IU Q1 c~,,,.~~,,' [ 65 Q...1  Pos
Slide 70: Opportunities for Recirculation and Recovery
Opportunities for Recirculation and Recovery  The Next Constant and High Pressure is Rotation Angle vs Chamber Volume available in the Air Oil Separator Tank 120 9 100 Stabilization ,, , --------[ - , , 8 7 II)  In this zone the air is already compressed to the rated pressure, Recirculating leads
Slide 71: Stabilisor Layout
Stabilisor Layout The Stabilisor system employs two types of valves: one progressive and one on-off. These valves are precisely positioned and controlled to balance capacity and demand by recirculation This Technique and Control ensures Stable operation and energy recovery wherever possible there by
Slide 72: Standard Vs Stabilisor
Standard Vs Stabilisor Stabilisor Standard " • . ,. • . row r="4" spans="1:10" x14ac:dyDescent="0.2"> row r="4" spans="1:10" <c r="A4" s="34" t="s"> x14ac:dyDescent="0.2"> <v>56</v> <c r="A4" s="34" t="s"> <v>56</v> <row r="5" stabilisor="1:10" x14ac:dyDescent="0.2"> <Stabilisor=B52+D54+ + Intellige
Slide 73: Compressor Operation With VFD and Stabilisor
Pressure 1 ,., 83 Compressor Operation With VFD and Stabilisor ,,,. .., ..,, Periodic •u , '" ,. "' ; There will not be any fluctuations in Compressor Operation with Stabilisor System Compressor 821 903 illC: '" 1067 11◄ 9 ; 123 1 131 3 ~ ~ "" rJ) 1◄77 b' :l, C OI ~ 1559 0 16◄ 1 ! g, ::::, 1723 II :
Slide 74: Pressure Fluctuations: Field Condition – Standard vs Stable
Field Condition – Standard vs Stable 70 Standard Machine 62 Excessive Fluctuations 60 Highly Unstable 50 Pressure Fluctuations 41 40 30 20 Machine With Stabilisor No- Fluctuations Highly Stable 10 i_ ! _4~- ~ -r- ~ - ~w-n ~~ T3"'"~ ~~ ~ ~ ~ ~~~ ~~ ~ - ~ ~j-- - ----------------------------------- «.~
Slide 75: Customer Testimonial
Customer Testimonial MARUTHI CASTINGS We are happy to say that ELGi new Trial compressor EG45-7.5, f.: Datel[;)2. 12.2024 Fab No: BW IS 042007 running in our plant past 3 months has reflected the TO WHOMS OVER IT MAY CO NCER N power saving of around 150 units per day and aprox 4500 units per month w
Slide 77: Conclusion
Conclusion  The Stabilizer System enhances efficiency and reliability through stability.  It revolutionizes compressor operations, improving performance.  This innovation delivers significant value to customers.  It positively contributes to the environment. ELG i Always Better. Copyright © ELGI
Slide 78: Intellectual Property
Intellectual Property Though Simple, Considering the Novelty in Technique and Control, After a detailed Prior Art Search, this Innovation Qualified for Patenting Globally. Rights to this Innovation are with us ~\G~"t5 R--_:.,.:__ a.1t.t11t ~--- ---. RIGHTS~~ ,, EL-- ■ 1.11 Copyright © ELGI EQUIPMENT
Slide 80: Digital and IT Strategy
Digital and IT Strategy Business Strategy New Digital & IT Strategy & Global Operating Framework • • • ) 1 2 3 4 Digitization Driving Growth Digitization for Value Realization Digitization for Risk & Compliance Emerging Capabilities • ERP Stabilization in US • Global Support Centre • Revised Cyber S
Slide 82: Project IoT: ELGi's Talent Management Framework
Project IoT : ELGI’s Talent Management Framework Employee Role Identification Culture Survey ELGi Visioning of Key Positions Int. Learning FGDs interventions viz. BPMC, Talent BBA* Review Identification of ELGi Discussions Immediate & MT Leadership Successors Competency Key Talent Model and WBT Iden
Slide 83: Elgi Electric Motors & MK2 Project update
Elgi Electric Motors & MK2 Project update - Mr. Bheemsingh Melchisedec –Director Operations Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights Reserved
Slide 84: ELGi Motors: Volume vs Variants
ELGi Motors Volume V/s Variants 25000 20 16 13 14  Technology : Induction motor 20000 13 15 No.of variants Nos/ annum  Power : 2.2kW to 160kW 15000 22212  Efficiency : IE3/IE4/NEMA P 10 20196 7 18360 10000 4 I 5 8500 6944 5000 6232 0 0 - FY23 FY24 FY25 FY26 FY27 FY28 Production Qty No of variants
Slide 86: Project MK2 Master Plan - 128 Acres
Project MK2 Master Plan -128 Acres Objective: To set up world-class eco-friendly manufacturing facilities to meet the business - plan for the next 10 years. 2 Salient features: EP::::~:-   38% space allocated for manufacturing. 38% allocated for green cover.  24% space allocated for roads & parki
Slide 87: GSC – Layout
GSC – Layout U shape layout designed to separate the Docking, Staging, Functional and Storage area zone wise to optimize the space, improve the process flow and better resources utilization. GSC Objective: To create world-class green manufacturing facilities. Salient features :  Architecture to pro
Slide 88: Phase 1 Building design - Portable (DPSAC)
Phase 1 Building design - PORTABLE (DPSAC) Salient features:  Architecture to provide ample light and ventilation.  Long-span column grid for better utilization of space.  Shop floor elevated by 1.2 meters from the road level for docking  Concrete floor designed without expansion joints for safe
Slide 90: ELGI School - Project Stellar
& PROJECT ELGI School - Project Stellar ~··, STELLAR Project Stellar is our School’s new initiative aimed at identifying and nurturing natively brilliant children from low-income households in urban areas of Coimbatore. ELGISCHOOL Aspire & Excel Qualification Criteria:  Comprehensive entrance proce
Slide 91: ELGI School - Project Stellar
& PROJECT ELGI School - Project Stellar ~··, STELLAR  First batch of students expected from June 2025 for the Academic Year 2025-26. ELGISCHOOL Aspire & Excel  100% free education for natively brilliant students from urban areas of Coimbatore, from Grade 6-12.  100% free residential school for al
Slide 92: ELGi Partners with Olympic Gold Quest (OGQ)
Empowering Indian Athletes: ELGi Partners with Olympic Gold Quest (OGQ) Fueling Dreams, Powering Excellence: ELGi Partners with Olympic Gold Quest to Empower ATHLETES SUPPORTED BY ELGi Indian Athletes ELGi has partnered with Olympic Gold Quest (OGQ), a prestigious initiative established by sports ic
Slide 93: The Extraordinary Journey of Kaamya Karthikeyan
The Extraordinary Journey of Kaamya Karthikeyan Beyond Boundaries: The Extraordinary Journey of Kaamya Karthikeyan Kaamya Karthikeyan, a 17-year-old trailblazing mountaineer, embodies the essence of perseverance and dreaming beyond limits. Her exceptional journey— from conquering the highest peaks o
Slide 94: The ELGi School
The ELGi School New Campus Scholarships The brand-new modern campus on four Offered to deserving children from acres in Podanur, Coimbatore, India, low-income backgrounds. enables effective teaching and learning. The ELGi School ELGI SCHOOL Aspire & Excel ELCi i Copyright © ELGI EQUIPMENTS LIMITED 2
Slide 95: The ELGi School
The ELGi School The ELGi School Access to Affordable, Quality Education for Three Decades Year of Number of Establishment Students 1989 1300 Vision Giving back to society by developing good citizens through holistic quality education at economical cost. ELG i Copyright © ELGI EQUIPMENTS LIMITED 2025
Slide 96: Community Wellness: #whatsyourfinishline challenge
Community Wellness: #whatsyourfinishline challenge The 6th edition of the #WhatsYourFinishLine global fitness challenge saw 87 teams with participants from 22 countries collectively log 54 million steps via running, walking, and jogging. The 7-day-long fitness challenge ended on December 1, 2024, br
Slide 97: Community Wellness: Coimbatore Marathon 2024
Community Wellness: Coimbatore Marathon 2024 BATOR£ ■r--,-.r THO ELGi and the Coimbatore Marathon: Celebrating 12 years of Wellness & Community Impact ELGi proudly marked its 12th year of partnership with the Coimbatore Marathon as the "Powered By" partner. This year's marathon brought together ove
Slide 99: Global Leadership Meet 2024
Global Leadership Meet 2024 First ever Global Leadership Meet was organized in 2024. Set to be a yearly event, going forward • Objective: To align regions on CK2 aspirations and kick-off the SBP FY26-28 process • Participants: Board Members, MD, COO, Regional leaders, Functional leaders and colleagu
Slide 100: Key Product Launch
Key Product Launch ELGi Unveils PG 850S-290 Portable Compressor at bauma CONEXPO INDIA 2024 ELGi unveiled its latest innovation, the PG 850S-290 portable air compressor, at the 7th edition of bauma CONEXPO INDIA 2024, held at the India Expo Centre, Delhi NCR, from December 11-13, 2024. Engineered fo
Slide 101: Technology Day
Technology Day state of Celebrated Commitment to The Future Art Innovative, Energy-Efficient Compressed Air Solutions ELGi Technology Day The 7th Edition of Technology Day 2024, held in Coimbatore, was a grand celebration of innovation themed "State of the Future Art." This initiative is a showcase
Slide 102: Global Employee Engagement and Community Initiatives
Global Employee Engagement and Community Initiatives ELG i Always Better. Copyright © ELGI EQUIPMENTS LIMITED 2025 | All Rights Reserved 101
Slide 103: Let's Get Connected
Let’s Get Connected Follow us at our Global Follow us on Instagram Platforms to stay abreast Intagram.com/elgiaircompressors of all the developments and news a Subscribe to our YouTube Channel Youtube.com/@ELGiEquipmentsLimited Global Presence ELGi is present in 120 countries and has a fast-growing

Elgi Equipments — Investor Day (February 2025) on 6ix

Elgi Equipments — Investor Day (February 2025)

Slide 1: Cover letter to stock exchanges

Slide 2: Annual Investor Conference 2025

Slide 3: Disclaimer

Slide 4: Company Profile - Dr. Jairam Varadaraj, Managing Director

Slide 5: Quick Facts

Slide 6: Purpose Statement and Brand Promise

Slide 7: Upholding Our Values

Slide 8: Global Presence

Slide 9: Subsidiary Companies and Joint Ventures

Slide 10: ELGi Leadership

Slide 11: History

Slide 12: 64 Years of Global Transformation

Slide 13: 64 Years of Global Transformation

Slide 14: 5+ Million Sq. Ft. of Future-ready Manufacturing

Slide 15: Global Manufacturing Footprint

Slide 16: Deming Award for Quality

Slide 17: Product offerings

Slide 18: Compressed Air Solutions for all Industrial Applications

Slide 19: Customer Vision - Lowest Ownership Cost

Slide 20: Air Compressors across the Spectrum

Slide 21: Air Compressors across the Spectrum

Slide 22: Air Compressors across the Spectrum

Slide 23: Oil Free Piston Air Compressors for Railways

Slide 24: Airmate Air Accessories

Slide 25: ESG Initiatives

Slide 26: ELGi's ESG Initiatives and Key Focus Areas

Slide 27: Investors Feedback and Company's Response

Slide 28: Feedback Received in 2024

Slide 29: Feedback Received in 2024

Slide 30: Feedback Received in 2024

Slide 31: Oil Lub. screw compressors: Industry-wise volume

Slide 32: Oil Free screw compressors: Industry-wise volume

Slide 33: Portable compressors: Industry-wise volume

Slide 34: Elgi's Global Customer Facing Updates

Slide 35: Slide 35

Slide 36: Sales Performance – Region wise

Slide 37: ISAAME | Sales Performance (INR Mn)

Slide 38: North America | Sales Performance (INR Mn)

Slide 39: Europe | Sales Performance (INR Mn)

Slide 40: Australia | Sales Performance (INR Mn)

Slide 41: Business Performance - Mr. Indranil Sen, Chief Financial Officer

Slide 42: Revenue (INR Mn)

Slide 43: Sales Performance (INR Mn)

Slide 44: EBITDA (INR Mn)

Slide 45: Net Debt / Cash (INR Mn)

Slide 46: Strategic Business Plan - Mr. Premendra, Chief Strategy Officer

Slide 47: Air Compressor Market: Global vs ELGi (USD mn)

Slide 48: Top Global Players by value

Slide 49: Strategic Business Plan (SBP)

Slide 50: Emerging Business Opportunities, New Products/ Upgrades & Key Initiatives

Slide 51: Vacuum business update

Slide 52: ELGi launches high performance Vacuum Solutions

Slide 53: Tier-4 EG and EQ series comparison

Slide 54: EPSAC - Oil Lubricated Product Portfolio

Slide 55: EPSAC - Oil Lubricated Product Portfolio

Slide 56: Oil Free/Water Injected Product Portfolio

Slide 57: Accessories Portfolio

Slide 58: Portables Product Portfolio

Slide 59: Railways – EF9K 55000 (WAG10)

Slide 60: Revolutionizing Air Compressor Operation through Stability

Slide 61: Air Conditioner Operation

Slide 62: Compressor Usage in a Typical Plant

Slide 63: Compressor Operation Without and With VFD

Slide 64: Impact of Unstable Operation

Slide 65: Unstable Experience

Slide 66: Summary

Slide 67: Introduction – Stabilisor

Slide 68: Understanding Compression Process

Slide 69: Opportunities for Recirculation and Recovery

Slide 70: Opportunities for Recirculation and Recovery

Slide 71: Stabilisor Layout

Slide 72: Standard Vs Stabilisor

Slide 73: Compressor Operation With VFD and Stabilisor

Slide 74: Pressure Fluctuations: Field Condition – Standard vs Stable

Slide 75: Customer Testimonial

Slide 76: Stable Experience

Slide 77: Conclusion

Slide 78: Intellectual Property

Slide 79: Digital Transformation Update