Investor Presentation

November 06, 2026 To To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra (East), Dalal Street Mumbai 400001 Mumbai 400 051 Scrip Code - 543597 Scrip Code - VOEPL Dear Sir/Ma’am, Subject: Submission of presentation to be made to Analysts / Investors Please find enclosed herewith the presentation to be made to Analysts / Investors on the Financial Results of Virtuoso Optoelectronics Limited for the quarter ended September 30, 2026. This presentation is being submitted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, as amended. Request you to kindly take the same on record. Thanking You, Yours Faithfully For Virtuoso Optoelectronics Limited Prasad Zinjurde Company Secretary and Compliance Officer M No. A54800 VIRTUOSO OPTOELECTRONICS LIMITED Investor Presentation Q2 & H1FY27 DISCLAIMER This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any securities of Virtuoso Optoelectronics Ltd ("VOEPL", "Virtuoso" "Company"), nor shall part, or all, of this document form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities of the Company. This document is strictly confidential and may not be copied, published, distributed or transmitted to any person, in whole or in part, by any medium or in any form for any purpose. The information in this document is being provided by the Company and is subject to change without notice. The Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. This document contains statements about future events and expectations that are forward-looking statements. These statements typically contain words such as "expects" and "anticipates" and words of similar import. Any statement in this document that is not a statement of historical fact is a forward looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. None of the future projections, expectations, estimates or prospects in this document should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the document. The Company assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements. You acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company. Investor Presentation 2 TABLE OF CONTENT Financial Performance 04 page Financial Performance 04 page Way Forward 06 page Way Forward 06 page Business Transition 11 page Business Transition 11 page What sets us apart 16 page What sets us apart 16 page Company Profile 20 page Company Profile 20 page Industry Overview 32 page Industry Overview 32 page Investor Presentation 3 FINANCIAL PERFORMANCE Investor Presentation 4 QUARTERLY FINANCIAL HIGHLIGHTS (CONSOLIDATED) Revenue Growth Particulars (INR Mn) Q2FY27 Q1FY27 Q2FY26 YoY% H1FY27 H1FY26 YoY% • Q2FY27 consolidated revenue grew 81.0% YoY to Net Sales 1,770.8 3,758.8 978.4 81.0 5,529.6 3,010.2 83.7 ₹1,770.8 mn from ₹978.4 mn, reflecting strong demand and continued scale-up across product categories Other Income 10.9 7.8 7.5 45.4 18.7 15.3 21.9 Total Income from Operations 1,781.7 3,766.6 985.9 80.7 5,548.3 3,025.6 83.4 Profitability Performance Total Expenditure 1,572.9 3,415.5 877.3 79.3 4,988.3 2,708.5 84.2 • EBITDA increased 92.4% YoY to ₹208.9 mn, with EBITDA 208.9 351.1 108.6 92.4 560.0 317.0 76.6 EBITDA margin improving to 11.7% from 11.0% in Q2FY26, reflecting improved operating performance EBITDA Margin (%) 11.7% 9.3% 11.0% +71bps 10.1% 10.5% -39bps • Higher depreciation during Q2FY27 reflects the Depreciation 90.1 101.0 48.3 86.3 191.1 90.9 110.1 commissioning of new manufacturing capacities and EBIT 118.8 250.1 60.2 97.2 368.9 226.1 63.2 ongoing investments in capacity expansion. Interest 100.1 120.0 78.6 27.3 220.1 155.3 41.7 • Reported PAT of ₹26.9 mn against a loss of ₹38.8 mn in Q2FY26. Profit Before Tax 18.7 130.1 -18.4 +100.0 148.8 70.8 110.3 H1FY27 – Consolidated Performance PBT Margin (%) 1.0% 3.5% -1.9 +292bps 2.7% 2.3% +34bps Tax -8.2 39.6 20.4 -140.0 31.4 45.4 -30.7 • H1FY27 consolidated revenue increased 83.7% YoY to Profit After Tax 26.9 90.5 -38.8 +100.0 117.4 25.4 361.8 ₹5,529.6 mn from ₹3,010.2 Mn, reflecting strong business expansion and increased contribution across PAT Margin (%) 1.5% 2.4% -3.9% +545bps 2.1% 0.8% +128bps product categories. Earnings Per Share (Rs) 0.78 2.84 -1.30 +100.0 3.58 0.85 321.2 Investor Presentation 5 FORWARD Investor Presentation 6 Need to update if any changes FORWARD Grow High-Potential Categories • AC segment has a strong order book for the upcoming season. Move Up the • Compressor production has Value Chain commenced and is running at >50% utilization, 3 months ahead of • VOEPL has launched its ODM Deepen Backward schedule. range in AC’s and has started Integration working with additional customers • In commercial refrigeration, along for the current season. with Hard top, Glass top range has Assets • Expansion of EPS, plastics, CFF and • VOEPL to continue working on new also been introduced with a strong EMS capabilities is ongoing and demand from customer. product development activities to expected to be completed by H1FY27. offer wider variety and options to • Increase further utilisation to >75% in • New tool room is operational and is customer, by strengthening its R&D. new facilities at Nashik, Sanand, being scaled to enable faster Chennai & VPPL. development, and turn around time. • Strategically increase capacity to meet peak season requirements of the customer. Change Done ---- > • To capitalize on government push for localization of compressor Focused on execution today, stronger platform tomorrow, sustained value creation ahead Investor Presentation 7 Need to update if any changes THE GROWTH ALGORITHM (STRATEGIC PRIORITIES) Multiple Growth Levers — Each Reinforcing the Others Capacity Utilization Non-AC Segment Customer Addition via ODM Backward Integration — Ramp Acceleration & New OEM Relationships Structural Margin Capture New facilities at Nashik Phase 2, Refrigeration, compressor and The launch of VOEPL's ODM As compressor production scales Sanand, and Chennai are currently components are each delivering range in ACs has led to addition and in-house component mix ramping up strongly. Revenue growth over and above the AC of new marquee customers. rises from 60% toward 75%+, the growth in FY27 will be driven business. Each also carries a VOEPL is committed to gross margin of each product significantly by filling existing better margin profile (10–15% vs. continuously improving its manufactured will improve capacity — a high-margin, low- 6–8%), so revenue mix shift is product offerings and structurally . incremental-capex growth path. simultaneously a top-line and strengthening customer margin expansion lever. relationships. Investor Presentation 8 Need to update if any changes CAPACITY EXPANSION (EXISTING PRODUCTS) Need to Update the data EMS Category (LED, PCBA, Controller, Remote) Air Conditioners (IDU & ODU Sets) Planned Capacity Expansion Current Capacity FY26 Current Capac [Showing first 8,000 characters — download PDF for full document]