Investor Presentation

REGISTERED OFFICE: AJAX ENGINEERING LIMITED (formerly known as Ajax Engineering Private Limited) CIN: L28245KA1992PLC013306 #253/1, 11 Main, Phase III, Peenya Industrial Area, Bengaluru – 560 058, Karnataka, India. T: +91 80 67200082/83 Toll Free No.: 1-800-419-0628 E: customercare@ajax-engg.com www.ajax-engg.com Date: August 5, 2026 BSE Limited, National Stock Exchange of India Limited, 20th Floor, P.J. Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – Mumbai - 400001. 400 051 BSE Scrip Code: 544356 NSE Scrip Symbol: AJAXENGG Subject: Analysts/ Investors’ Presentation Dear Sir/Ma’am, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and further to our communication dated July 31, 2026, we are enclosing herewith a copy of the Presentation to be made during the Investor meeting as scheduled on Thursday, August 6, 2026. The above information is also hosted on the website of the Company at https://www.ajaxengg.com/investor-relations. Kindly take the same in your record. Thanking you, For Ajax Engineering Limited (Formerly known as Ajax Engineering Private Limited) Shruti Vishwanath Shetty Company Secretary and Compliance Officer Membership No. A33617 Ajax Engineering Limited BUILDING INDIA WITH NEXT-GEN 360° CONCRETE SOLUTIONS Investor Presentation August 2026 Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Ajax Engineering Limited (the “Company” / “Ajax”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. All Maps used in the presentation are not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness. Q1 FY27 Performance Financial Highlights – Q1 FY27 Revenue (₹ mn) EBITDA (₹ mn) PAT (₹ mn) +1.7% +5.2% Key Highlights – Q1 FY27 -3.7% 4,665 4,746 614 591 529 556 • Revenue for Q1 FY27 stood at ₹ 4,746 mn, growing marginally over Q1 FY26. Growth was supported by price hikes and a favourable change in product mix. Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 • Profitability for Q1 FY27 impacted by adverse operating leverage coming from lower Gross Margin (%) EBITDA Margin (%) PAT Margin (%) volumes compared to Q1 FY26. • Continued to maintain strong +40 bps -70 bps +40 bps cash position of ₹ 11,192 mn as 13.2% 25.8% 26.2% 12.5% 11.3% 11.7% of June 2026. Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Financial Highlights – Q1 FY27 SLCM Non-SLCM Spares & Services v +0.8% +6.4% +6.2% en) 3,848 3,877 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27 SLCM Volumes (#) Key Highlights – Q1 FY27 -1.0% • Increased SLCM retail market share to 75.1% for Q1 FY27, compared to 69% in Q1 FY26 and 73.5% for the full year FY26. 1,196 1,184 • SLCM Revenue growth driven by pricing and product mix change. Non-SLCM Revenue growth driven by Pumps, supported further by the sale of one Slip-Form Paver in Q1 FY27. • Cash flow constraints continued to dent contractor sentiments during the quarter. Q1 FY26 Q1 FY27 Performance Summary and Outlook Reflecting on the Q1 FY27 performance, Mr. Shubhabrata Saha, Managing Director & Chief Executive Officer, said: “While India’s infrastructure sector continues to hold strong long-term growth potential, the industry has been facing persistent short-term headwinds. The challenges experienced last year have extended into the first quarter of this year, with project execution remaining sluggish and government capital expenditure yet to reach anticipated levels. Resultant cash flow constraints continue to impact contractor sentiment, leading to soft incremental demand appetite. The ~2% price increase implemented in Q4 FY26 supported growth during the quarter. Ajax remains the only player in the industry to have undertaken a price hike, with no corresponding action observed from competitors thus far. Our pricing strategy continues to be Shubhabrata Saha thoughtfully aligned with market conditions, customer sentiment, and prevailing industry dynamics. Despite the price increase, we Managing Director & expanded our market share in the SLCM segment to 75.1% during the quarter, underscoring the strength of the Ajax brand and the robust Chief Executive Officer distribution network we have built over the years. While Q2 is expected to remain seasonally soft, we expect business momentum to strengthen in the second half of the year. As we have consistently emphasized in the past, the business should be evaluated from an annualised and multi-year perspective. We continue to manage the business with agility, discipline, and prudence, with an unwavering focus on guiding the business in a manner that supports sustainable long-term growth and value creation. Our financial position remains strong, supported by stable return metrics and cash balances in excess of ₹ 11,000 million as of June 2026.” Profit & Loss Statement – Q1 FY27 Profit & Loss Statement (₹ mn) Q1 FY27 Q1 FY26 Y-o-Y - SLCM Revenue 3,877 3,848 0.8% - Non-SLCM Revenue 477 448 6.4% - Spares & Services Revenue 392 369 6.2% Total Revenue from Operations 4,746 4,665 1.7% Cost of Goods Sold 3,503 3,460 Gross Profit 1,243 1,205 3.2% Gross Margin (%) 26.2% 25.8% 40 bps Employee Cost 296 287 Other Expenses 356 304 EBITDA 591 614 -3.7% EBITDA Margin (%) 12.5% 13.2% -70 bps Other Income 182 126 Depreciation 28 30 Finance Cost 2 1 Profit Before Tax 743 709 4.7% Tax Charge / (Credit) 187 181 Profit After Tax 556 529 5.2% PAT Margin (%) 11.7% 11.3% 40 bps Recap of FY26 Industry and Macroeconomic Factors in FY26 Industry Headwinds during FY26 Government spen [Showing first 8,000 characters — download PDF for full document]