Investor Presentation

November 03, 2026 The Officer-In-Charge (Listing) Listing Head - Listing Operations, BSE Department Limited, National Stock Exchange of India Ltd., Exchange P.J. Towers, Dalal Street, Fort, Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400 001 Mumbai - 400 051 Scrip Code: 538962 Scrip Code: MINDACORP Sub: Earnings Presentation on the Un-Audited Financial Results for Quarter and half year ended September 30, 2026 Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule-III (Part A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Earnings Presentation on the Un-Audited Financial Results of the Company for the quarter and half year ended September 30, 2026. Thanking you, For Minda Corporation Limited Meenal Bansal Company Secretary & Compliance Officer Membership No. A35091 Enclosed: a/a Minda Corporation INVESTOR PRESENTATION Q2 and H1 FY2027 3rd Nov 2026 w w w. s p arkm in d a. co m Minda at a Glance A significant player in the global automotive industry for over six decades 8.2 lakh Rs. 9,016Cr Rs. 6,185Cr 42 Vision 23,000+ Sqft Land Bank FY26 FY26 Manufacturing Be a Dynamic, Innovative and Profitable global automotive 2.6 lakh organization to emerge as the preferred supplier and Group Revenue* Consol Revenue* Plants Workforce employer and create value for all stakeholders Sqft Built Up Electrical Light Driver Vehicle EV System & Power Train Business Distribution Weighting & Information access Electronics Solutions Verticals Mission System Plastics System Be a complete automotive system solutions provider and build a brand recognized by vehicle manufacturers all over the world “Customer First” is Strategically Located Plants Well Placed Marketing Professionals, Customer unified belief at & Offices in India, ASEAN, Product Managers, Project Managers Centric Spark Minda Japan & Europe and Business Operations team Values Commitment to Stakeholders, Passion for Excellence, Open 1,000+ 2 7 Communication, Integrity & Fairness, Nurture Talent, 340+ 3-4% Engineering Competency & Willingness, Respect & Humility Engineering Advanced Tech Engineering Patents R&D Spend Focused Headcount Centre Centers Industry Partnerships *Revenue includes Associates and JVs Page 2 Indian Automotive Industry Performance Production Volumes in Millions Q2 FY27 Growth (Y-o-Y) H1 FY27 Growth (Y-o-Y) 19.9% 18.2% 16.5% 19.5% 10.90 9.22 20.62 8.10 17.19 6.95 15.37 6.8% 33.9% 24.2% 24.9% 10.5% 24.7% 30.5% 21.0% 12.86 1.66 1.33 2.57 3.11 0.32 0.35 0.26 0.35 0.36 0.45 0.62 0.68 0.52 0.65 0.62 0.81 Tractors CV 3 W PV 2 W Auto Industry Tractors CV 3 W PV 2 W Auto Industry Q2FY26 Q2FY27 H1FY26 H1FY27 ➢ 2Ws reported higher sales in Q2 FY27, led by increased scooter demand and record second-quarter exports across international markets ➢ 3Ws saw increased demand, driven by increased last-mile mobility demand, growing adoption of electric vehicles and higher cargo transportation demand ➢ PVsachieved higher Q2 FY27 sales, led by improved affordability following GST 2.0, sustained rural demand and festive purchases ➢ CVsdemand remained strong, driven by infrastructure spending, increased freight movement and a significant rise in exports ➢ Tractorsbenefited from sustained rural demand, favourable agricultural activity, with demand picking up ahead of the festive season ➢ Auto industryachieved record Q2 FY27 sales across all vehicle segments, benefiting from improved affordability, increased freight movement and infrastructure led economic activity Source: SIAM, TMA Page 3 Key Operation Highlights for Q2 FY27 Highest Ever Revenue & EBITDA Record sales for EV System Highest ever quarterly revenue with a 43% YoY growth, EV product revenue grew 113% YoY, driven by accelerating EV significantly outpacing 18% industry growth, with 11.8% margin penetration, and now contributes 10% of Minda Corp’s revenue and 15% at the Group level Sunroof : SOP Started EV Order Book Sunroof SOP launched in Q2 FY27 and won the “Best Supplier 35% of the order book value now contributed by EV products – Innovation Excellence” award in its very first year New business wins EV: New Order Secured multiple TFT orders from 5 inch to 12 inch, with lifetime Won an order from a leading 3W OEM for a 3.5 Kw charger, value exceeding Rs. 1,000 crore and SOP planned in FY28 with a lifetime value exceeding Rs. 400 crore. SOP is planned for Q1 next year. Credit Rating Upgraded to AA Power Foot Step : New Order Upgrade from AA− to AA reflects an improved credit profile and Secured the first-ever power footstep order from an anchor greater financial stability customer for its passenger vehicle. Page 4 Government Approval To Manufacture Display Module Sub-Assemblies Minda Instruments Limited, wholly owned subsidiary of Minda Corporation GovernmentapprovaltomanufactureDisplayModuleSub-Assemblies,a componentthecountryhaslargelyimporteduntilnow TheclearancecameundertheElectronicsComponentsManufacturing Scheme(ECMS),partofabatchof31newproposalstheMinistryof ElectronicsandInformationTechnology ThecompanywillsetupagreenfieldfacilityforTFTdisplaymodule assemblyaspartofitsbackwardintegrationstrategy.Thenewfacilitywill allowittomanufacturethedisplaycomponentin-houseratherthanimportit PPaaggee 55 Q2 & H1 FY2027 Financial Highlights Revenue & EBITDA at record levels Rs. In Crores Revenue EBITDA PAT* YoY 43% YoY 45% YoY 69% 2,189 1,846 257 1,535 212 7 143 2 178 F 85 Q 19% 11.6% 11.5% 22% 11.8% 6.5% 5.5% 5.4% 43% Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 EBITDA EBITDA Margin (%) PAT PAT Margin (%) YoY 38% YoY 40% YoY 62% 4,036 469 243 7 2,921 334 H 6.0% 11.4% 11.6% 5.1% H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 EBITDA EBITDA Margin (%) PAT PAT Margin (%) * Excluding exceptional gain (net of tax) of Rs. 106 crore arising from the consolidation of Minda Vast. PPaaggee 66 Business Vertical Performance Rs. In Crores YoY Mechatronics and Aftermarket: YoY 36% • Strong demand in domestic 2W and PV segment coupled with the premiumization s r 863 of existing products, significantly 1,847 , sh t O 712 contributed to overall growth 1,362 t t • Consolidation of Minda Vast into Minda cr Corp to strengthen its presence in the PV segment Q2 FY26 Q1 FY27 Q2 FY27 H1 FY26 H1 FY27 Information & Connected Systems YoY YoY 46% 40% • Wiring Harness & Instrument Cluster t 1,205 Division delivered significant growth, driving n a notable increase in share of business 983 2,189 os (SOB) with existing customers while Cm 823 &e expanding the customer base through new 1,559 S customer acquisitions t a d f • Cluster Division gained strong market interest, successfully securing multiple high- value orders Q2 FY26 Q1 FY27 Q2 FY27 H1 FY26 H1 FY27 PPaaggee 77 Revenue Break-Up Q2 FY27 By Products By Geography By End Market Europe & SE Asia North Q2 FY26 Q2 FY27 America 5% Others 2-3 Wheelers 15% Wiring Harness 30% 45% 49% Clusters Q2 FY26 Q2 FY26 Commercial Vehicles* Die Vehicle Casting Access India 16% 22% 89% 29% 25% SE Asia Europe & Passenger Vehicles North Others America 15% Wiring 15% 18% Harness Clusters 15% Q2 FY27 Q2 FY27 After Market 11% 8% Casting Vehicle India 15% Access Note:-*Includes off highway and tractors PPaaggee 88 FLASH ELECTRONICS Flash Electronics Financial & Other Highlight (FY26) Revenue from Operations YoY 46% 44% YoY Revenue EBITDA PAT EV Revenue 1,183 Rs. 1,803 Cr Rs. 310 Cr Rs. 137 Cr 21% Q2 FY26 Q1 FY27 Q2 FY27 H1 FY26 H1 FY27 Business Verticals Manufacturing Facilities EBITDA 150+ 6 Manufacturing facilities YoY 44% YoY 48% Engineering in India 131 Headcount + 2 Manufacturing 106 facilities in Germany and 72 82 3,500+ Electrical & Powertrain Hungary 15.9% 15.9% Electronics Components Workforce 16.1% 15.4% 16.4% Q2 FY26 Q1 FY27 Q2 FY27 H1 FY26 H1 FY27 PAT Product Portfolio 54 52 30 35 6.8% 6.6% 8.3% 6.3% 7.5% Q2 FY26 Q1 FY27 Q2 FY27 H1 FY26 H1 FY27 Page 9 Consolidated Leverage Position (Rs. Crores) Particulars Mar 31st, 2025 Mar 31st, 2026 S [Showing first 8,000 characters — download PDF for full document]