Investor Presentation

WCL/SEC/2026 29 October, 2026 BSE Ltd. National Stock Exchange of India Ltd. Listing Department, Exchange Plaza, P. J. Towers, Dalal Street, Bandra-Kurla Complex, Mumbai – 400 001. Bandra (E), Mumbai – 400 051. (Scrip Code: Equity - 532144), (Symbol: WELCORP, Series EQ) (NCD – 973309) Dear Sirs/ Madam, Sub: Investors’ Presentation Ref.: a. Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time. (“SEBI Listing Regulations”) b. ISIN: INE191B01025 Pursuant to the SEBI Listing Regulations, please find enclosed the Investors’ Presentation on the financial results of the Company for the quarter and half year ended 30 September, 2026 which is being released to the media and also posted on Company’s website www.welspuncorp.com Kindly take the same on record. Thanking you. Yours faithfully, For Welspun Corp Limited Kamal Rathi Company Secretary ACS-18182 Encl: as above INVESTOR PRESENTATION Q2 & H1F Y2 7 DATE 29th October, 2026 DISCLAIMER For any financial disclosures, the information contained herein is provided by Welspun Corp Limited (the “Company”), although care has been taken to ensure that the information in this presentationisaccurate,andthattheopinionsexpressedarefairandreasonable,theinformation issubjecttochangewithoutnotice,itsaccuracy,fairnessorcompletenessisnotguaranteedand has not been independently verified unless specifically provided and no express or implied warranty is made thereto. You must make your own assessment of the relevance, accuracy and adequacy of the information contained in this presentation andmust make such independent investigation as you may consider necessary or appropriate for such purpose. Neither the Company nor any of its directors assume any responsibility or liability for, the accuracy or completeness of, or any errors or omissions in, any information or opinions contained herein. By preparing this presentation, none of the Company, its management, and their respective advisers undertakes any obligation to provide the recipient with access to any additional information or to update this presentationoranyadditionalinformationortocorrectanyinaccuraciesinanysuchinformationwhichmay becomeapparent.Thisdocumentisforinformationalpurposesanddoesnotconstitute or form part of a prospectus, a statement in lieu of a prospectus, an offering circular, offering memorandum, an advertisement, and should not be construed as an offer to sell or issue or the solicitationof anoffer or an offer document to buy or acquire orsell securities of the Companyor any of its subsidiaries or affiliates under the Companies Act, 2013, the Securitiesand Exchange Boardof India (Issue of Capital andDisclosure Requirements) Regulations, 2009,both as amended, oranyapplicable lawinIndia orasaninducement toenterintoinvestment activity. Nopart of thisdocument shouldbe considered asa recommendation that anyinvestorshould subscribetoorpurchase securitiesof the Companyorany of itssubsidiariesoraffiliates and shouldnot form thebasisof,orbereliedoninconnectionwith,anycontractorcommitmentorinvestmentdecisionwhatsoever.This documentisnotfinancial,legal,tax,investmentorotherproductadvice. WithrespecttoanyESGrelateddisclosures,theinformationcontainedinourdisclosures,statementsorreportsarespecifictotheCompany andnotauditedorconfirmedtobecompliantwithany general orstandard benchmark. Anumberof statements in such disclosure or statements may contain forward-looking statements including statements about the Company’s strategic priorities, financial goalsand aspirations, organic growth, performance, organizational quality andefficiency, investments,capabilities, resiliency, sustainable growth and Companymanagement, aswell as theCompany’soverallplans,strategies,goals,objectives,expectations,outlooks,estimates,intentions, targets,opportunities,focusandinitiatives. With respect to all disclosures provided herein, the statements contained herein may be pertaining to future expectations and other forward-looking statements which involve risks and uncertaintiesthataresubjecttochangebasedonvariousimportantfactors(someof whicharebeyondtheCompany’scontrol).Thesestatementsincludedescriptionsregardingtheintent,belief orcurrentexpectationsofthe Companyoritsofficersincludingwithrespecttotheconsolidatedresultsofoperationsandfinancialcondition,andfutureeventsandplans oftheCompany.These statementscanberecognizedbytheuseofwordssuchas“expects,”“plans,”“will,”“estimates,”“forecast,”“project,” “anticipate,”“likely,”“target,”“expect,”“intend,”“continue,”“seek,”“believe,” “plan,” “goal,” “could,” “should,” “would,” “may,” “might,” “will,” “strategy,” “synergies,” “opportunities,” “trends,” “future,” “potentially,” “outlook” or words of similar meaning. Such forward-looking statements are not guarantees of future performance and actual results, performances or events may differ from those in the forward-looking statements as a result of various factors and assumptions. You are cautioned not to place undue reliance on these forward looking statements, which are based on the current view of the management of the Company onfuture events. No assurance can be given that future events will occur, or that assumptions are correct. The Company does not assume any responsibility to amend, modify or revise any forward-looking statements,onthebasisofanysubsequentdevelopments,informationorevents,orotherwise. Reproduction,distribution,republicationandretransmissionofmaterialcontainedhereinisprohibitedwithoutthepriorconsentofthe Company www.welspuncorp.com 02 AGENDA 01 BUSINESS VERTICALS 02 OPERATIONAL PERFORMANCE 03 FINANCIAL PERFORMANCE ORDER BOOK 05 CAPITAL ALLOCATION 06 BUSINESS ENVIRONMENT 07 ESG www.welspuncorp.com 03 MANAGEMENT COMMENTARY We have delivered a consistent performance during Q2FY27, with sustained progress across key financial parameters. H1FY27 EBITDA grew by 30% to Rs. 1,538 cr, against our full-year guidance of Rs. 2,850 cr. Our net cash position improved further, while ROCE stood at ~ 23%. Our order book reached an all-time record high of ~50,000 cr, providing strong medium to long-term business visibility. With strong demand visibility in the USA and the Middle East, we are strengthening our manufacturing footprint by adding a new spiral pipe facility in the USA and setting up a greenfield spiral pipe facility in Jordan through a joint venture with Perma-Pipe. Our entry into Jordan marks another step in expanding our reach into new markets and reinforcing our position in the global line pipe industry. As we pursue these opportunities, we remain focused on our core products and geographies, prudent capital allocation, maintaining strong supplier- customer relationships, innovation and building capabilities across our organisation. Our people remain integral to our growth strategy, while our sustainability agenda continues to guide responsible manufacturing and long-term value creation. Mr. Vipul Mathur MD & CEO, Welspun Corp Limited www.welspuncorp.com 04 PORTFOLIO ENGINEERED FOR SUSTAINED GROWTH 01 02 03 04 LARGE- DIAMETER DUCTILE – IRON SINTEX WSSL* LINE PIPES PIPES VERTICAL LARGEST PLAYER Significant player in National iconic Only integrated GLOBALLY India, and launching brand with pan- producer in India from in KSA India presence stainless steel- HIGHLIGHT INDIA USA KSA making to finished Pipes up to DN 2600 • Water Storage products PRODUCTS mm (among few plants Tanks globally) • Plastic Pipes SS Bars and seamless LSAW Spiral ERW Pipes & Tubes Serving sectors like Oil & Gas and Water Storage/ Water Power, Nuclear, APPLICATION Water Distribution Transmission Distribution/ Plumbing Aerospace, Defence etc. *WSSL-Welspun Specialty Solutions Ltd –a subsidiary of Welspun Corp www.welspuncorp.com 05 OPERATIONAL PERFORMANCE: Q2FY27 SALES VOLUME (IN KMT) Line Pipes (India + USA) DI Pipes 252 56 Q2FY26 Q2FY27 Q2FY26 Q2FY27 Stainless Steel Bars & Pipes TMT Rebars Q2FY26 Q2FY27 Q2FY26 Q2FY27 [Showing first 8,000 characters — download PDF for full document]