Investor Presentation

October 26, 2026 National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, C-1, Block G, 20th Floor, P.J. Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai – 400 051 Mumbai – 400 001 NSE Scrip Symbol: AEQUS BSE Scrip Code: 544634 Subject: Investor Presentation Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/ Madam, Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we are herewith enclosing a copy of Investor Presentation on the Un-audited financial results of the Company for the quarter and half year ended September 30, 2026. This intimation will also be made available on the website of the Company and can be accessed using the below link: https://www.aequs.com/investor/ Thanking You, For Aequs Limited Ravi Mallikarjun Hugar Company Secretary & Compliance Officer Membership Number: A20823 Encl.: as above Aequs Limited (formerly known as Aequs Private Limited) Corporate Identity Number: L30305KA2000PLC026760 Registered Office: Aequs Tower, No. 55, Whitefield Main Road, Mahadevapura Post, Bengaluru - 560048, Karnataka, India T: + 91 080 61348000 Corporate Office: Aequs SEZ, No. 437/A, Hattargi Village, Hukkeri Taluk, Belagavi – 591243, Karnataka, India T: +91 0831 4222500 Website: www.aequs.com Email: investor.relations@aequs.com Investor P resenta tion Q2 & H1 FY27 Safe Harbor Statement This presentation by Aequs Limited (“Company”) may contain statements related to the future business prospects, financial performance, strategies, and have been prepared solely for information purposes and nothing in it shall be construed as an invitation, offer, solicitation, recommendation or advertisement in respect of the purchase or sale of any securities of the Company. These statements, which may include projections of future financial performance, business prospects, strategies, objectives, and plans, are based on the current expectations, beliefs, and assumptions of the management of Company regarding the industry, market conditions, and other factors affecting the Company. Forward-looking statements are subject to known and unknown risks, uncertainties, and other factors some of which are beyond the Company’s control that could cause actual results, performance, or achievements to differ materially from those expressed or implied in such statements. These risks and uncertainties include, but are not limited to, changes in industry dynamics, economic conditions, regulatory requirements, competition, the Company’s ability to execute its strategy, technological changes, cyber-attacks or security breaches, pandemics, natural disasters, litigations, labor strikes, and other factors. These statements should not be considered as guarantees of future performance and should not be regarded as a representation or assurance by the Company regarding future results or achievements. Actual outcomes may vary significantly from those expressed or implied in these statements, and investors are cautioned not to place undue reliance on such forward-looking statements. In addition to Financial information presented in accordance with Ind AS, we believe certain Non-GAAP measures are useful in evaluating our operating performance. We use these Non-GAAP financial information to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that Non-GAAP financial information, when taken collectively with financial measures prepared in accordance with Ind AS, provides an additional tool for investors to use in assessment of our ongoing operating results and trends because it provides consistency and comparability with past financial performance. These forward-looking statements represent only the Company’s current intentions, beliefs or expectations, and any forward-looking statement speaks only as of the date on which it was made. Company assumes no obligation to revise or update any forward-looking statements. This presentation and its contents are confidential and proprietary to the Company and/or its affiliates and no part of it or its subject matter be used, reproduced, copied, distributed, shared, or disseminated, directly or indirectly, to any other person or published in whole or in part for any purpose, in any manner whatsoever. Table of Contents 1 Aequs – A Snapshot 2 Q2 & H1 FY27 Highlights 3 About Us Why Aequs Aequs Limited – A snapshot We are the only engineering-led, vertically integrated precision manufacturer within a single SEZ Business Manufacturing What sets us Robust Operations Capabilities apart? Financials ₹8,046 Mn ₹4,091 Mn 2 100% 15 years Revenue Revenue Business segments In-country value addition for Avg. Relationship with (H1 FY27) (Q2 FY27) (Aerospace & Consumer) select products top 3 customers ₹460 Mn ₹245 Mn 5,978 4.93 Mn 6 EBITDA EBITDA One of the largest portfolios Annual installed capacity (Q2 FY27)(1) Detailed Parts Award (D2P) (H1 FY27) (Q2 FY27) of Aerospace products (machining/molding hours) from Airbus (2016-2023) 6% 6% 2.22 Mn 447/182 3,589 EBITDA Margin EBITDA Margin sq. ft. area across CNC machines(2) Workforce(3) (H1 FY27) (Q2 FY27) manufacturing plants /molding machines 1. Annualised figure based on Q2 FY27, includes subsidiaries and JVs 2. CNC machines: 229 for Aerospace and 218 Consumer (Q2 FY27) 3. Includes full-time employees, fixed term employees, apprentices and trainees as of Q2 FY27, includes subsidiaries and JVs Q2 & H1 FY27 Financial Highlights Performance Highlights The first half of FY27 marked continued progress in expanding our business and H1 FY27 Highlights strengthening our long-term growth opportunities. Revenue grew 50% YoY to ₹8,046 Mn, (₹ Mn) driven by 42% growth in Aerospace and more than doubling of Consumer revenue on a YoY basis. Our Aerospace order book stood at USD 1,096 Mn, providing long-term revenue 6% -13% 8,046 460 -1,054 visibility. The Safran A320 aircraft wheels agreement marks our first serial-production contract with a tenure exceeding 15 years. Together, these milestones give substance to 50% YoY -45% YoY >100% YoY the long-term business we are building. Revenue EBITDA PAT Aerospace continued to deliver strong growth and profitability, supported by healthy EBITDA Margin PAT Margin demand and program execution. In Consumer, the Q2 volume ramp progressed slower than anticipated due to extended qualification timelines and supply chain constraints. We view this as a timing-related shift rather than a change in the underlying opportunity, with H1 FY27 Segment Update customer programs continuing to progress. Given these factors, we are recalibrating the (₹ Mn.) path to Consumer EBITDA breakeven, with our near-term focus on improving utilisation and translating installed capacity into profitable growth. 6,736 1,310 To support our next phase of growth, we continue to invest in our manufacturing Revenue 42% YoY >100% YoY capabilities. H1 FY27 capital expenditure stood at ₹1,597 Mn, and the ₹6,500 Mn promoter warrant is intended to support the next phase of expansion, including Hosur. Following Aerospace Revenue Consumer Revenue quarter-end, new Safran agreements expanded our relationships to six entities. As these capabilities and partnerships grow, our focus remains on disciplined execution and stronger returns. H1 FY27 Adjusted including JV share(1) (₹ Mn.) Aravind Melligeri 8,781 638 Executive Chairman and CEO 48% YoY -34% YoY EBITDA Revenue EBITDA Margin Shows the EBITDA and PAT margin figures 1. Revenue & EBITDA includes 100% share of Aequs, 50% of JV share (API, SQuAD & ACPL), 33% of Ajna. Business Highlights Key updates Strengthening the capital foundation for long-term growth: 69% 17% ₹6,500 Mn promoter-group investment through preferential warrants reinforces promoter commitment and supports the Company's next phase of capacity expansion, str [Showing first 8,000 characters — download PDF for full document]