Slide 1: Exchange filing cover letter for investor presentation
@DeEE piping systems Date: 29t May, 2025 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: DEE
Slide 2: Q4 FY25 & FY25 Earnings Presentation
QDEE piping systems DEE Development Engineers Limited Q4 FY25 & FY25 Earnings Presentation
Slide 3: Safe Harbor Statement
Safe Harbor Statement 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. In
Slide 4: 9DEE
©DEE piping systems About DEE Key Financial Highlights Why DEE Shareholding Summary 9DEE piping systems Annexures
Slide 5: Management Commentary
Management Commentary We are delighted to share that the company has delivered strong, broad-based growth in the fourth quarter of Financial Year 2025. In Q4 FY25, our operating income reached %2,864 Mn, reflecting a strong 17.7% YoY and 76.8% QoQ.growth. For the full year, operating income stood at
Slide 6: About DEE
About DEE
Slide 7: DEE: An engineering company providing specialized process piping solutions
DEE | An engineering company providing specialized process piping solutions DEE Development Engineers Limited was Incorporated by the Chairman & Managing Director Mr. K.L. Bansal in the year 1988. Efi Over three and a half decades Largest player in process piping solutions in India, in terms of insta
Slide 8: Major events and milestones
Major events and milestones ©DeE piping systems 2025 e Commissioned the New Anjar 2020 Facility Il in Jan'25 with additional e Commenced business operations at Anjar Heavy Fabrication Facility in Gujarat capacity of 9,000 MTPA e Commenced operations at Numaligarh Facility 2014 e Started operations a
Slide 9: Key Financial Highlights Q4 FY25 & FY25
Key Financial Highlights Q4 FY25 & FY25
Slide 10: Financial Highlights - Q4 FY25 & FY25
Financial Highlights - Q4 FY25 & FY25 @DEE In INR Millions Particulars Revenue from Operations OE;:_T_S:E ProfitTaB:fore Prof_irtaffter Q4 FY25 2,864 635 423 315 Growth (YOY) 17.7% 83.7% 156.6% 165.5% Growth (Q0Q) 76.8% 1,021.0% NaN* NaN* Margin'(%) 22.2% 14.6% 10.9% FY25 8,274 1,238 554 436 Growth
Slide 11: Financial Highlights - Q4 FY25 & FY25
Financial Highlights - Q4 FY25 & FY25 ©DEE piping systems In INR Millions Particulars 31-Mar-24 31-Dec-24 31-Mar-25 RONW(%)a ROCE(%)° Net Worth ¢ 4,415 7,592 7,902 6.1% 7.1% 8.7% 8.7% Total Borrowings 4,384 4,090 4,090 2.7% Total Lease Liabilities 221 214 217 - l ’ l Cash & Cash Equivalents ' 25 55
Slide 12: Financial Highlights - Segmental Revenue Breakup
Financial Highlights — Segmental Revenue Breakup ©DEE piping systems In INR Millions Particulars Piping Division Power Division Heavy Fabrication Q4 FY25 2,558 Sales Contribution 89.3% Q3 FY25 1,291 Sales Contribution 79.7% Q4 FY24 2,048 Sales Contribution 84.2% FY25 6,929 Sales Contribution 83.7% F
Slide 13: Summary of Profit and Loss Statement
Summary of Profit and Loss Statement @D€E piping systems In INR Millions Particulars Q4 FY25 Q4 FY24 YoY Change Q3 FY25 QoQ FY25 FY24 YoY Change Revenue from Operations 2,864 2,432 17.7% 1,620 76.8% 8,274 7,888 4.9% Operating EBITDA 635 346 83.7% 57 1,021.0% 1,238 1,025 20.7% Operating EBITDA? (%) 2
Slide 14: Why DEE
Why DEE
Slide 15: Why DEE
Diverse Portfolio Industry Leader Wide range of specialized Leading Indian manufacturer of product offerings and services specialized process piping solutions, making DEE a comprehensive known for its extensive production solution provider capabilities and significant entry barriers in the industry.
Slide 16: Wide range of specialized product manufacturings and services
Wide range of specialized product manufacturings and services... Prefabricated pipe They connect pipes, adapt Modular skid-mounted Custom wind turbine Weld-less pipes shaped Containers designed to assemblies with flanges or to different sizes or systems comprising towers (20-33 meters) at specific a
Slide 17: Across a spectrum of industries
...across a spectrum of industries @D€E piping systems | | Recently expanded into new business vertical of design, engineering, fabrication and manufacturing of Pilot Plants. | : DEE intends to develop pilot plants which cater to the R&D needs of companies in the Oil and Gas, Petrochemicals, Refiner
Slide 18: Leading player in an industry with significant barriers to entry (1/2)
Leading player in an industry with significant barriers to entry (1/2) @D€E piping systems O Leadership hhe * Largest player in process piping solutions in India, in terms of installed capacity * Currently ranked as one of the leading process pipe solution * providers in the world, in terms of techn
Slide 19: Leading player in an industry with significant barriers to entry (2/2)
Leading player in an industry with significant barriers to entry (2/2) ©DEEpiping systems Barriers to entry e o D Manufacturing Facilities have a good mix of % Requirement of skilled labour with @ automation and manual processes *fl complex manufacturing technology ?: High capital investment @i DEE h
Slide 20: Long standing customer relationships with a strong order book
Long standing customer relationships with a strong order book... @D€E piping systems Length of Relationship in years with key customers As on April 30, 2025 - DEE has an order book of INR 12,746 Mn [ 2 [ 2 bi Reliance g& N 13 4 years Mitsubishi 13 years Heavy Industries Order Book Contribution acros
Slide 21: Diversified customers across geographies and sectors
...supplemented by diversified customers spread across geographies and sectors @D€E piping systems As of Mar 31, 2025, DEE has served customers across 27 countries L2 9 Select Countries served in March'25 Revenue from Operations Germany * Split by Geography (FY25) Switzerland ‘Q‘Italy g -~ F’ Japan
Slide 22: Strategically located state-of-the-art manufacturing facilities
DEE operates through strategically located state-of-the-art manufacturing facilities... ©DEE o Seven strategically located Manufacturing Facilities at Palwal in Haryana, Anjar in Gujarat, Barmer in Rajasthan, Numaligarh in Assam and Bangkok in Thailand ° - ! bs Manufacturing Facility [ ] £ Heavy Fab
Slide 23: Background & Challenges
Background & Challenges @ DEE Until FY16, the Palwal facility was dedicated to the Power sector. Following a downturn, the company began piping systems Oil & Gas operations at the same site, leading to operational inefficiencies and higher logistics costs due to complex material handling. L 4 Mixed
Slide 24: Anjar Facility: Our Growth Driver
Anjar Facility: Our Growth Driver QDEE piping systems e 1 1 r TEp=— A ! a ! The U-shaped plant design enables efficient ¢ : material handling, reducing time and costs. 98 ooo MT ! Advanced automation and technology minimize ’ : manual labour dependency, enchancing productivity Installed Capacity : a
Slide 25: Good mix of automation and manual processes
...equipped with a good mix of automation and manual processes piping systems Fully automated robotic Automatic GMAW Welding Fully CNC heat treatment welding systems System furnaces (gas and electric) Semi-automatic shot blasting In-house non-destructive Induction bending process and painting machin
Slide 26: Installed Capacity & Capacity Utilization
Installed Capacity & Capacity Utilization @DEE piping systems : RRENT Capacity : 1,12,500 MT# Installed Capacity Installed Capacity Capacity Utilization Capacity Utilization (in MT) (in %) (in MT) (in %) Palwal Facility | 9,000 6.2% 9,000 5.7% Palwal Facility Il 3,000 44.6% 3,000 54.2% Palwal Facili
Slide 27: Experienced & dedicated promoter and skilled management team (1/2)
Experienced & dedicated promoter and skilled management team with deep domain QDEE expertise (1/2) piping systems Krishan Lalit Bansal - Promoter, Chairman & Managing Director < Has been associated with the Company since its inception in 1988 and has experience in prefabricated piping systems and bi
Slide 28: Experienced & dedicated promoter and skilled management team (2/2)
Experienced & dedicated promoter and skilled management team with deep domain QDEE expertise (2/2) piping systems Pankaj Agarwal - Chief Operating Officer Charu Agarwal- Vice President (Accounts) < He has been associated with the Company since July 25,1994 and < She is involved in strategic planning
Slide 29: Resilient Financials
Resilient Financials @DeEe piping systems In INR Millions e——— Revenue fromoperations o e—— Op. EBITDA & Op. EBITDA Margin ———e e———— PAT & PAT Margin Op EBITDA —e—Op EBITDA Margin (%) PAT (INR Mn) —e—PAT Margin (%) 1 1 i N~ | 1 B . o 1 15.0% 6.5% 1 n 0 1 L 16.3% d ! < | ! 1 5.1% 1 8 1 i ! . 5 3.8%
Slide 30: Powerful Industry Tailwinds: global process piping market
Powerful Industry Tailwinds @DEE The global market for process piping systems is expected to reach USD 54.5bn by 2030" === Demand for process piping is triggered by capacity expansion Global Process Piping solutions market is valued at ~USD projects in industrial sector 39.2bn in 2023E L L Year-on-Y
Slide 31: Powerful Industry Tailwinds: Indian process piping market
Powerful Industry Tailwinds ©DEE Indian process piping solutions market is expected to register a CAGR of nearly 6.1% ~*> between FY2023 and FY2030" By 2030, Indian market for process piping solutions is expected to reach INR 38,400 crs Indian Process Piping Industry - segmentation L . Indian Proces
Slide 32: Capex in Oil & Gas, Petroleum and Power Sectors
Powerful Industry Tailwinds Growth driven by new wave of Capital Expenditure in the Oil & Gas, Petroleum and Power Sectors Indian Power Project Pipeline- INR Crore ' = India, the second-largest refiner in Asia, has established itself as a global powerhouse in oil processing. With an extensive refini
Slide 33: Capital build up in Indian Chemical and Pharmaceutical Sectors
Powerful Industry Tailwinds ...and strong capital built up in the Indian Chemical and Pharmaceutical Sectors . . . e Indian Chemicals & Pharmaceuticals Capex Pipeline - INR Crore | Indian InChemical Industry 2 USD $ billion Till FY26 1,58,906 2,36,554 231 178 Beyond FY26 49,994 2,23,902 273,89 163 1
Slide 34: Robust Growth Outlook
Robust Growth Outlook DEE’s strategy to capitalize on the accelerating Capex Cycle in its Key Sectors DEE’s Capital Expenditure in line with the Industry Capex Cycle Launch pilot plant offerings in the near future Anticipating growth in the power sector, DEE had invested in expanding its capacity, p
Slide 35: Expansion into adjacent business verticals
Robust Growth Outlook @ DEE Expansion into adjacent business verticals pinng sysem: DEE recently expanded its business by entering a new business vertical of design, engineering, fabrication and manufacturing of pilot plants Process to manufacture pilot plants . . As part of DEE's growth strategy, t
Slide 36: Shareholding Pattern (March 2025)
Shareholding Pattern (March 2025) @DEE piping systems Non-Promoter Shareholding ——————————————— . 22% ’ Key Institutional Shareholders Kotak Mahindra Mutual Fund a=~ =z ©b 0 I o]Iy El ==S [ n 5a S =a ® 58.7% LIC Mutual Fund / Total Shareholding 0.9% _______________ 1 0.0% 0% Aditya Birla Mutual Fund
Slide 37: Thank You!
Thank You! - @ DEE w Uirtus Advisors piping systems Chief Financial Officer Investor Relations Advisor Sameer Agarwal Sanjeev Sancheti B4 sameeragarwal@deepiping.com NAd irQuirtusin Ay ini Sy Anmd i i WWW.UIrtus.in sy WWW.deteang.com uEEy
Slide 38: Annexures
Annexures
Slide 39: IPO Fund Utilization
IPO Fund Utilization @Dee piping systems In INR Millions t to be utilized nt Utilized as on Total Un-utilized amount as on Objects of the Issue as per Prospectus Net Proceeds* 31.03.2025 31.03.2025 Funding Working Capital requirements of our Company 750.00 750.00 - Prepayment or repayment of all or
Slide 40: Overview of Process Piping
Overview of Process Piping @D€E piping systems A process piping system is a specialized piping system that is exclusively used in an industrial plant for transporting input materials that goes into the actual production process. Process piping system typically consists of a network of interlinked pi
Slide 41: Manufacturing Facilities (1/2)
Manufacturing Facilities (1/2) - Largest player in process piping solutions in India providing specialized process solutions in terms of installed capacity e o = w i ‘l‘ W h Calm ” -l - = 2 4 Palwal Facility | Palwal Facility If Palwal Facility. [ Barmer Facility Anjar Facility | Agian/icly Numaliga
Slide 42: Manufacturing Facilities (2/2) - Two biomass power generation plants
Manufacturing Facilities (2/2) - Two biomass power generation plants ©DEEpiping systems Abohar Biomass Power Plant Muktsar Biomass Power Plant [ 2 + Abohar Biomass Power Plant spans an area of approximately 205,681.48 Muktsar Biomass Power Plant spans an area of approximately 141,829.67 square meter