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ONIiX Onix Solar Energy Ltd. Road Show Presentation Year 2026-27 onixrenewa ble.com oNnix COMPANY OVERVIEW Leading the Renewable Energy Sector with Seamless, End-to-End Solutions Onix Solar Energy Ltd (the “Company”) is engaged in the manufacturing of modules and delivering high-efficiency, quality-driven products for utility-scale, commmercial, and residential applications. The Company supports the country's renewable energy transition through scalable, domestically manufactured solutions. Solar Module Manufracturing The Company’s module manufacturing operations focus on reliability and performance. 1200MW facility currently under development to support large-scale deployment. OoNix OUR VISION & MARKET OPP Mission and Vision Statement OPTIMUM COST LARGEST ROBUST MANUFACTURER EXPORTER DISTRIBUTION To become the optimum To become one of the largest To establish robust distribution exporters of Modules to the cost Manufacturer of networks for domestic Modules in India international markets and international markets onix MANAGEMENT TEAM Backed by a strong and experienced management team with deep industry knowledge MR. PIYUSH SAVALIYA MANAGING DIRECTOR * 17+ YEARS OF EXPERIENCE IN RENEWABLE ENERGY INFRASTRUCTURE, LEADING LARGE-SCALE SOLAR, WIND, AND HYBRID PROJECTS WITH A STRONG VISION FOR SUSTAINABLE GROWTH AND ENERGY TRANSITION ¢ A DYNAMIC LEADER DRIVING ONE OF INDIA'S FASTEST-GROWING RENEWABLE ENERGY COMPANIES, WITH PROVEN EXPERTISE IN SCALING OPERATIONS, INNOVATION, AND DELIVERING IMPACTFUL CLEAN ENERGY SOLUTIONS * STRONG EXPERTISE IN STRATEGIC PLANNING, BUSINESS EXPANSION, AND STAKEHOLDER ENGAGEMENT, BUILDING LONG-TERM VALUE ACROSS CLIENTS, PARTNERS, AND COMMUNITIES ¢ FOCUSED ON ADVANCING NEXT-GENERATION ENERGY SOLUTIONS INCLUDING BESS, GREEN HYDROGEN, AND IPP DEVELOPMENT, WHILE DRIVING OPERATIONAL EXCELLENCE AND ORGANIZATIONAL GROWTH MR. NAMAN VIRADIYA MR. HARDIK ADHIYA DIRECTOR EXECUTIVE DIRECTOR * 8+ YEARS OF EXTENSIVE EXPERIENCE IN RENEWABLE ENERGY PROJECT EXECUTION, * 10+ YEARS OF EXPERIENCE IN RENEWABLE ENERGY, BUSINESS MANAGEMENT, AND PROJECT SPECIALIZING IN SOLAR EPC, ROOFTOP SOLUTIONS, AND UTILITY-SCALE PROJECTS WITH A ENGINEERING, DRIVING STRATEGIC GROWTH, OPERATIONAL EXCELLENCE, AND SUSTAINABLE STRONG FOCUS ON QUALITY, SAFETY, AND TIMELY DELIVERY SOLUTIONS ACROSS GLOBAL MARKETS ¢ PROVEN EXPERTISE IN END-TO-END PROJECT MANAGEMENT INCLUDING PLANNING, * PROVEN TRACK RECORD IN LEADING LARGE-SCALE PROJECTS, BUSINESS EXPANSION, AND PROCUREMENT, ENGINEERING, INSTALLATION, AND COMMISSIONING ALIGNED WITH CROSS-FUNCTIOTNEAAMLS ACROSS SOLAR, WIND, HYBRID, AND EMERGING GREEN ORGANIZATIONAL GOALS TECHNOLOGIES ¢ STRONG EXPERIENCE IN CLIENT ENGAGEMENT, CONTRACT NEGOTIATION, AND STAKEHOLDER * STRONG EXPERTISE IN STRATEGIC PARTNERSHIPS, STAKEHOLDER MANAGEMENT, AND CONTRACT MANAGEMENT ACROSS ROOFTOP OWNERS, INSTITUTIONAL CLIENTS, AND UTILITY PARTNERS EXECUTION, ENSURING SUCCESSFUL COLLABORATIONS WITH CLIENTS AND INVESTORS * SKILLED IN COST OPTIMIZATION, VENDOR MANAGEMENT, CROSS-FUNCTIONAL M SKILLED IN BUSINESS DEVELOPMENT, PROJECT EXECUTION, AND EPC/IPP MODELS, WITH A FOCUS COORDINATION, AND DRIVING OPERATIONAL EXCELLENCE IN EPC AND O&M OPERATIONS ON EFFICIENT AND SCALABLE INFRASTRUCTURE DELIVERY on IX PRODUCT PORTFOLIO: SOLAR MODULES Pioneering advanced solar modules for peak performance and reliability CURRENT MODULE PORTFOLIO High-quality, highly efficient 2 types of solar modules, which undergo rigorous testing in the in-house PV Module Test Lab EFFICIENCY MODULE MANUFACTURING FACILITY « A new 200 MW facility is towards completion, significantly expanding production capacity to support large-scale demand. e Facilities are designed to accommodate multiple technologies, including Mono PERC, TOPCon, and bifacial modules, while focusing on automation MONO and quality control. PERC BIFACIAL TOPCON BIFACIAL 144 CELL 144/132 CELL e ioe Matekat aot ,Sna marB ilyae, waket sttt 540 WP* 560-670 WP/ (N-TYPE) - Raj par Bilyada, Rajkot, strengthening production capabilities and ensuring efficient supply chain support. OoNiX ONIX SOLAR ENERGY LIMITED Leading the Renewable Energy Sector with Seamless, End-to-End Solutions ONIX SOLAR ENERG Mono Bifacial, Topcon, HJT, Solar Panel, Module Manufacturer 1200 MW 1200 M on IX MARKET DRIVERS Policy support and rising energy demand drive growth in module and cell manufacturing. @ STRONG GOVERNMENT POLICY SUPPORT @ EXPORT POTENTIAL AMID GLOBAL TRADE SHIFTS The government has implemented Basic Customs Duty Indian module exports to the US surged to USD 1.97 billion in (BCD) on imported modules (40%) and cells (25%), FY24, as global buyers seek alternatives to Chinese introduced ALMM-I| & Il, and launched a Z18,000 crore PLI modules post-UFLPA sanctions. Indian firms, with DCR- scheme to incentivize domestic manufacturing across the compliant and ALMM-listed modules, are well positioned to value chain including integrated setups for polysilicon, serve high-margin export markets. wafer, cell, and module production. @ EXPANDING CAPACITY WITH CAPITAL INVESTMENT @ RISING RENEWABLE DEPLOYMENT TARGETS India has ~70 GW module and ~8 GW cell capacity (as of Mar India added 18.5 GW of RE capacity in FY24, and annual 2024), with 80 GW modules and 50 GW cells in the pipeline. installations are expected to surpass 35 GW. A large share This translates into a capex requirement of ~21 lakh crore, is solar, driven by government tenders (50 GW/year), indicating strong investor interest and industrial momentum. rooftop programs (25 GW), and open access projects ensuring large-scale demand for solar equipment. Source: Solar Equipment: Policy Support to Underpin Growth in Medium Term- Care Edge ONIX RENEWABLE LIMITED (ORL) (PARENT COMPANY) on |X Leading the Renewable Energy Sector with Seamless, End-to-End Solutions ORL HAS ACQUIRED A STACKE IN ONIX SOLAR ENERGY LTD TO SUPPORT ITS SOLAR MODULE A Fully Integrated Sustainable Business Model of ORL OSEL Role In | The Business ° ° ° . ° . . . ° Engineering, Procure- ment Independent Power Operation & Transmission & LAND WIND HYDROPOWER EMOBILITY Manufacturing of Solar & Producer (IPP) Maintenance (O&M) Distribution (T&D) Modules Construction Manage- ment BACKED BY ORL'S BRAND STRENGTH, THE INVESTMENT IN ONIX SOLAR ENERGY LTD WILL ENHANCE THE SOLAR MANUFACTURING FOOTPRINT 16+ 400+ 1,000+ 1400+ 1.1+ 2400 (Mn. Tons) YEARS HAPPY COMPLETED EMPLOYEE CARBON MODULE EXPERIENCE CLIENTS PROJECTS REDUCED MANUFRACTURING on IX CORPORATE MILESTON Highlighting the key achievements and strategic milestones that define OSEL’s growth journey PHASE 1 PHASE 2 PHASE3 PHASE4 2024-2025 2026-2027 2026-2027 2027-2028 Green Module Module IPP Hydrogen 160MW 1200MW 200MW onix CAPACITY FORECASTS: SOLAR MODULE BUSINESS Pioneering advanced solar modules for peak performance and reliability MODULE 600MW CAPACITY TOPCon TOPCon HJT/BC HJT/BC HJT/BC (Mwp) 1200MW 1200MW Cell B TOPCon B HJT/BC B IPP - 200MW 300MW 300MW 500MW - R&D 50000MT/PA 1,00,000MT/PA 150,000MT/PA Green Hydrogen DEMAND & SUPPLY OUTLOOK: SOLAR MODULE Region wise module capacity demand from 2024-2027 Country China India Europe Middle East Asia Note: If new infrastructure development bill is passed by US congress, Wood-Mackenzie forecasts that the U.S. will install an additional 43.5 GW of solar capacity over the baseline forecast between 2024 and 2028. oNnix DEMAND & SUPPLY OUTLOOK: SOLAR MODULE Region wise module capacity demand from 2024-2027 )WG( yticapaC II)8 31 34 38 54 29 30 33 2 7 8 9 13 15 17 18 China India Europe Middle East Asia RowW Region 2024 2025 W 2026 W 2027 o n Ix KEY PLAYERS & OPERATIONAL PARAMETERS Strengthening industry leadership through efficient operations and execution excellence. Onix Renewable FY25 FY26 FY27P FY28P FY29P Revenue (INR Cr.) 29.81 157.75 1,004.50 1,226.37 1,471.60 Revenue Growth 29.81% 157.75% 1004.50% 1226.37% 1471.60% EBITDA (INR Cr.) 16 40.37 121.81 168.8 202.8 EBITDA Margin -405% 2423% 202% 39% 20% PAT (INR Cr.) 1. [Showing first 8,000 characters — download PDF for full document]