Investor Presentation

November 04, 2026 The Manager, The Manager, BSE Limited, National Stock Exchange of India Limited, Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra-Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 001 Mumbai - 400 051 BSE Scrip Code: 544664 NSE Symbol: KSHINTL Sub.: Investor presentation on the Unaudited Financial Results for the quarter and six months period ended September 30, 2026. Ref.: 1. Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”); and 2. Outcome of Board Meeting dated November 04, 2026 (“Outcome”). Dear Sir/Madam, Pursuant to above referred Listing Regulations and Outcome, please find enclosed, a copy of the Investor Presentation on the Unaudited Financial Results for the quarter and six months period ended September 30, 2026. This Investor Presentation may also be accessed on the website of the Company at https://kshinternational.com/investor-relations/investor-presentation/. You are requested to take this intimation on record. Thanking you, For KSH International Limited Nakul Shivaji Patil Company Secretary and Compliance Officer, Head – Secretarial & Legal Membership No.: A39990 Encl.: As above. EARNINGS PRESENTATION Q2 & H1 FY2027 KSH in a Snapshot Robust Demand Environment High Entry Barriers HVDC Advantage Transformer capacity in India to Ultra-precision technology Only Indian supplier approved for triple from ~110 GVA to ~300 GVA engineered products, stringent HVDC transformers. Received by FY28E*. Key drivers include vendor approvals, long domestic award for Specialized Energy transition, EV Adoption, AI qualification cycles. KSH is the wires for HVDC transformers data centers, HVAC Supply chain leader in Specialized Wires used earlier this year, and more localization as well as global grid in Transformers, EVs, and motors. recently test orders for HVDC in upgrades. Europe Capacity Expansion Blue Chip OEM Customers Export Leader Expanded total capacity from 29,045 MT Serves 120+ OEM customers including Largest Indian exporter of winding wires in FY25 to 57,845 MT in Sept 2026. leading local and global companies such to 26 countries including Middle East, Board approved further expansion of as Hitachi Energy, CG Power, BHEL, GE Europe and USA. ~30% revenue Specialized wires, taking total capacity Vernova, Siemens Energy, Bharat Bijlee, contribution from exports. to 72,200 MT by 1Q FY2029 Nidec, Suzlon, ABB, Bosch, SGB, VTC etc. * ICICI Securities Investor Presentation | KSH International Limited 2 Annual Snapshot in Numbers 45+ 5 57,845 MTPA 24+ Year Track Record Manufacturing Plants Manufacturing Capacity* Export Countries 120+ 97% 21.1% 25.0% Domestic and Global OEM Customers Repeat Revenue# ROE* ROCE* 43.6% 56.3% INR 97,600 60.6% Revenue CAGR # EBITDA CAGR# EBITDA per ton* PAT CAGR# India’s Leading Supplier and Largest Exporter of Specialized Magnet Winding Wires *As of H1 FY27 (annualized) # 3 Year CAGR Growth up to FY26 # H1 FY27 Investor Presentation | KSH International Limited 3 Key Differentiators with High Barriers to Entry High Value-Added Wire Embedded in Critical Recurring and Sustainable Diversified Yet Deep Player Infrastructure Ecosystem Business Model Customer Base • Leader in high-voltage power • Metal prices fully passed through • Top 10 contribution declining transformers including HVDC • Approved supplier to Power (de-risking) Grid, NTPC, NPCIL, RDSO • Absolute EBITDA per ton and 765kV structurally stable • High repeat business • Multi-year qualification • Majority of revenue comes cycles create entry barriers • Margin % fluctuation is • Ability to cross-sell across from specialized magnet denominator effect, not transformer & motor divisions winding wires (75%) • Long-standing OEM profitability erosion and geographies relationships ( local and • Higher EBITDA per ton global transformer leaders) • Signed global long-term • Strong track record of framework agreement with providing high-voltage power leading multinational OEM transformers (765kV, traction motors, reactors) Combination of technical capability + regulatory approvals + specialized product mix creates structural differentiation, not cyclical advantage. Investor Presentation | KSH International Limited 4 Why KSH? Leading Manufacturer of Specialized Magnet Winding Wires in India Expertise in Ultra-Precision Manufacturing for Large (UHV/EHV) & HVDC Transformers EV-Focused Specialized and Standard Magnet Wires Long-Standing Relationships with Diversified Global Customers Certified and Approved Vendor to Leading Global OEMs Strong Financial Track Record & Consistent Growth Advanced Manufacturing Facilities with Precision Technology Experienced Promoters & Senior Management team Investor Presentation | KSH International Limited 5 Strategically Located Manufacturing Footprint with Scalable Capacities Strategically located Manufacturing Facility within close Proximity to the Port & Customers Unit 1: Taloja Unit 2: Chakan Unit 3: Chakan Unit 4: Supa Sales Volume (MTPA) & Capacity Utilization Completed Phase-I+Part of Phase II- of fourth Unit located in Supa#, Maharashtra; located closer to customers focusing on expansion 28,168 Annual Installed Capacity 23,324 21,495 16,812 80.3% 75.6% 57,845 72,200 64.8% 76.0% 29,045 MT Phase 1 + Phase 2 Balance Phase 2 + Phase 3 MT MT Mar 31, 2025 Sept 30, 2026 By end of Q1 FY29 FY24 FY25 FY26 H1-FY27 located closer to JNPT, Navi Mumbai ; enables KSH to achieve cost efficiencies & reduce logistics costs ^Capacity as on September 30, 2026 # within 250 kms radius to several other companies such as CG Power, Siemens, etc. Source: CARE Report. Investor Presentation | KSH International Limited 6 Diversified End-Market with Strong Global Customer Base Diversified End-Use Industry Power Renewables Industrials Railways Data Centers EV & ICE Home Appliances Refrigeration & AC Strong clientele base Investor Presentation | KSH International Limited 7 Comprehensive Suite of Magnet Winding Wires Specialized Magnet Winding Wires (75.3% Revenue Share*) • Focused on high-specification conductors used in transformer and high-voltage applications Revenue (INR Mn) • Characterized by technical complexity, stringent quality standards and long approval cycles 0.06 21,871 -0.14 17,603 • Typically delivering higher EBITDA per ton driven by value-added, engineered product mix 13,503 -0.34 9,643 -0.54 7,652 -0.74 • Positioned in high-entry-barrier applications with strong original equipment manufacturer relationships -0.94 -1.14 FY23 FY24 FY25 FY26 H1-FY27 Standard Magnet Winding Wires (24.7% Revenue Share*) • Comprises of enameled winding wires used in motors, compressors and general electrical equipment Revenue (INR Mn) • Manufactured through automated processes enabling operational efficiency 7,168 0.06 6,121 • Volume-driven segment catering to diversified end markets with stable demand characteristics -0.14 4,551 -0.34 3,186 • Benefits from scale advantages and broad customer penetration across industrial and consumer -0.54 2,024 segments -0.74 -0.94 -1.14 FY23 FY24 FY25 FY26 H1-FY27 * FY26 Investor Presentation | KSH International Limited 8 Product Portfolio & Key Applications Specialised Magnet Winding Wires (75.3% Revenue Share1) Our Products End use Industry End use Application Traction Transformer Continuously Transposed HVDC Transformers Loco-Traction Transformer Conductors 765 kV Transformers & Reactors Rectangular Enamelled Copper & Traction Motors (EV) DG Set Alternators Aluminium Magnet Winding Wires Electric Motors Transformers Bunched Paper Insulated Magnet Power Transformers Distribution Transformers Winding Copper Wires Paper Insulated Rectangular Copper Power & Distribution Transformers Windings Traction Transformer & Aluminium Magnet Winding Wires Wind Generator Rotor & Stators Hydro Generators Standard Magnet Winding Wires (24.7% Revenue share1) Our Products End use Industry End use Application Round Enameled Copper Magnet Winding Wires Traction [Showing first 8,000 characters — download PDF for full document]