Analysts/Institutional Investor Meet/Con. Call Updates

SEC/2026/90 27th July, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Corporate Relationship Department, P. J. Towers, Exchange Plaza, 5th Floor, Dalal Street, Fort, Plot No. C/1, G Block, Bandra Kurla Mumbai - 400 001. Complex, Bandra (E), Mumbai – 400 051. BSE Scrip Code: 532756 NSE Symbol: CIEINDIA Dear Sir/Madam, Sub: Transcript of CIE Automotive India Limited Q2 CY2026 Post Result Conference Call Pursuant to Regulation 30 read with Para A of Schedule III and Regulation 46(2) the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and our letter dated 14th July, 2026 in respect of advance intimation in relation to Q2 CY2026 Results Conference Call, please find enclosed herewith transcripts of the said call held on 23rd July, 2026. The same is being uploaded on the website of the Company at the following weblink: https://www.cie-india.com/periodic-public-information8.html#Quarterly-Result-Calls- and-Transcripts Kindly acknowledge the receipt and take the same on the records. Thanking you Yours faithfully, For CIE Automotive India Limited Pankaj V. Goyal Company Secretary, Chief Compliance Officer, and Head- Legal Membership No. F 13037 Encl: as above CIE Automotive India Limited CIN: L27100PN1999PLC245720 Registered Office G Block, Bhosari Industrial Estate, Near BSNL office, Bhosari, Pune - 411026, Maharashtra, India. Tel: +91 20 29804621 I website : www.cie-india.com I Email: contact.investors@cie-india.com “CIE Automotive India Limited Q2 CY26 Results Conference Call” July 23, 2026 MANAGEMENT: MR. ANDER ALVAREZ – CHIEF EXECUTIVE OFFICER – CIE AUTOMOTIVE INDIA LIMITED MR. K. JAYAPRAKASH – CHIEF FINANCIAL OFFICER – CIE AUTOMOTIVE INDIA LIMITED MR. VIKAS SINHA – SENIOR VICE PRESIDENT STRATEGY – CIE AUTOMOTIVE INDIA LIMITED MR. OROITZ LAFUENTE – GLOBAL BUSINESS CONTROLLER – CIE AUTOMOTIVE INDIA LIMITED MODERATOR: MR. RONAK MEHTA – ICICI SECURITIES LIMITED Page 1 of 18 CIE Automotive India Limited July 23, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the CIE India Q2 CY26 Results Conference Call hosted by ICICI Securities. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Ronak Mehta. Over to you, sir. Ronak Mehta: Yes. Thank you, Ananya. Good afternoon, everyone. On behalf of ICICI Securities, we would like to welcome you all to CIE Automotive Q2 CY26 Earnings Conference Call. Today, we have with us from the management team, Mr. Ander Alvarez, CEO; Mr. K. Jayaprakash, CFO; Mr. Vikas Sinha, Senior VP, Strategy; and Mr. Oroitz Lafuente, Global Business Controller. We'll start the call with a brief opening remarks from the management team about the quarter gone by, and then we'll proceed with a Q&A session. Thank you, and over to you, management team. Vikas Sinha: Yes. Thanks, Ronak. Thanks to everyone. I welcome all of you on this call as also Ander, our CEO. I will present CIE India results for Q2 & H1 CY26. The results of the India operations for Q2 C26 are on Page 6. Sales at INR16.5 billion was 13% higher year-on-year. Market demand was robust in Q2 C26, though we expect a gradual slowing down of growth over the next few quarters as the effect of GST cuts tapers down and the negative impact of an expected below normal monsoon season starts impacting rural incomes. We have new orders and projects coming through in the next few quarters and expect the good growth trend to continue. The India operations achieved an EBITDA margin of 16.7% in Q2 C '26 versus 17.5% in Q2 C25 and 17.6% in Q1 C26. Margins in the quarter have been affected by price inflation generated by the conflict in West Asia affecting mainly energy, consumables and also part of raw materials. We are taking countervailing measures against these increases, which will show up in the next two quarters. In Q2 C26, EBITDA grew 9% year-on-year, EBIT 8% and EBT 6% in the Indian operations. On Page 7, we have the Q2 C 26 results for our European operations. Sales of INR8.9 billion in in Q2 C26 were 7% higher year-on-year versus Q2 C25, but lower sequentially by 3.7% versus Q1 C26. The sales growth in euro terms was minus 6% as there was an exchange rate translation impact of plus 13%. This is reflective of the underlying market trend. The EBITDA margin in our European operations in Q2 C26 was 15.9% versus 12.5% in Q2 C25 and 15.7% in Q1 C26. Margin recovery is because of last year's restructuring activities. In Q2 C26, EBITDA grew by a healthy 36% year-on-year, EBIT by 46% and EBT by 46% in the European operations. On Page 8, we have the consolidated CIE India Q2 C26 results. Consolidated sales were INR25.4 billion, 11% higher versus Q2 C26 and fractionally higher sequentially. EBITDA was INR4.2 billion, EBIT INR3.2 billion and EBT INR3.1 billion higher year-on-year by 17%, 18% and Page 2 of 18 CIE Automotive India Limited July 23, 2026 15%, respectively. This represents a decent consolidated performance, especially of the bottom line, supported by the business growth in India and the currency impact in Europe. The full year H1 C26 results for our Indian operations are on Page 10. Sales increased by 14% versus H1 C25 to INR32.7 billion. The double-digit growth was supported by favorable market growth in the period, but it could have been higher. Two reasons need to be highlighted, the restructuring of our business portfolio at our aluminum vertical, wherein we have let go of some loss-making products. Second, it was the second successive quarter when exports underperformed year-on-year. Also, we have started delivery in our key machine casting exports project in the foundry vertical, but revenue recognition will happen next quarter onwards. The EBITDA margin of our Indian operations in H1 C26 was 17.2% versus 18% in H1 C25. As explained earlier, the margin was slightly depressed due to cost inflation on account of the situation in West Asia. While sales in the Indian operations grew 14% in H1 C26, EBITDA grew 9%, PBT 8% and PAT 8% y-o-y. On Page 11, we have the H1 C26 results for our European operations. Sales increased by 12% versus H1 C25 to INR18.1 billion. In euro terms, sales declined by 3% due to the weak European automotive market evolution that can be seen on the table to the right. There was a healthy increase in EBITDA margin to 15.8% in H1 C26 versus 13.1% in H1 C25, thanks to restructuring actions taken in the previous year. This had a cascading effect with EBITDA in the European operations increasing by 35% in H1 C26, EBIT by 43%, EBT by 50% and PAT by 51%. The half yearly PAT crossed INR1.5 billion, and this is a silver lining around the gloomy market situation in Europe. The European automotive market continues to be near stagnant on account of the various reasons we have discussed in the last few calls. On Page 12, we have the H1 C26 consolidated results of CIE India. Sales were INR50.8 billion, which is 13% higher than H1 C25. The EBITDA margin was 16.7% versus 16.3% in H1 C25. EBIT 12.9% versus 12.4%. EBT 12.6% versus 12.1% and PAT 9.5% versus 9.1% in the previous half year. The consolidated PAT in H1 C26 was INR4.9 billion, which is 18% higher than in H1 C25. So that, again, I would say, is a reasonable PAT growth. The abridged consolidated balance sheet is on Page 14 and the cash flow statement is on Page 15. Both showed a healthy state of CIE India. Return on net assets at the end of H1 C26 was 19.4% versus 18.4% at the end of CY25. The consolidated net financial debt at the end of H1 C26 was negative INR14.2 billion, which means we have healthy liquid cash available, and we are actively evaluating organic and inorganic g [Showing first 8,000 characters — download PDF for full document]