Investor Presentation

August 12, 2026 To, To, BSE Limited National Stock Exchange of India Ltd. 1st Floor, New Trading Ring, Exchange Plaza, 5th Floor, Rotunda Building, Plot No. C/1, G block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai - 400 001. Bandra (E), Mumbai - 400 051. Scrip Code: 513269 Scrip ID: MANINDS Sub: Announcement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Re: Earning Presentation for Q1-FY27. Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Earning Presentation of the Company for the quarter ended June 30, 2026. This is for your kind information and record. Thanking you, Yours faithfully, For Man Industries (India) Limited Rahul Rawat Company Secretary Encl: As above Earnings Presentation Q1 FY27 Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may forward-looking statements" based on the currently held beliefs and assumptions of the management of MAN Industries Ltd. (MAN), which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment. Forward-looking statements involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance, or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties, and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from. This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner Table of Contents 01 Company Overview 02 Key Strategic Priorities 03 Financial Highlights Company Overview Company at a glance Manufacturing Excellence. Built to Scale. Robust Growth Trajectory FY22 FY26 3 1.6Mn+ MTPA* ₹2,178 Cr CAGR –13.4% ₹3,592 Cr Decades of API grade LSAW, HSAW, ERW, Revenue Revenue experience Coating CAGR –21.0% 3 Present across ₹218 Cr ₹468 Cr State of the art EBITDA EBITDA manufacturing Countries facility 10 20,000+KM CAGR –13.8% ₹102 Cr ₹171 Cr pipes supplied since Production lines inception PAT PAT 18.4% 9.2% ₹2,087 Cr FY26 ROCE FY26 ROE FY26 Networth Strong Global Presence with critical and complex projects executed worldwide *Note: 1.6Mn MTPA includes NPC capacity of 0.43Mn MTPA A Business Built for Scale EXPANDING FOOTPRINT, UNLOCKING CAPACITY ACROSS INDIA AND SAUDI ARABIA OPERATING TODAY 1.2Mn+ MTPA 430,000 MTPA India pipe capacity National Pipe Company (NPC) Saudi Arabia, acquired pipe capacity Anjar (Gujarat) and Pithampur (M.P.) 250k MT HSAW + 180k MT LSAW Large Diameter Pipes: LSAW, HSAW, ERW and Specialized Coating Aramco-approved vendor Delivered ₹3,564 Cr of revenue in FY26 Only company in KSA with manufacturing facilities in both LSAW and HSAW capabilities UPCOMING GREENFIELD EXPANSION 4M sq m 22,000 MTPA Dammam Coating Plant (KSA)-Production Targeted: Mar’2027 Jammu Stainless Steel Plant-Production Targeted for Mar’2027 3LPE, FBE and internal coating New product line, higher-margin mix SS seamless mother pipes and pilgered pipes, targeting higher-value applications such as Adds a value-added margin layer chemical, defence, marine, nuclear, power and refinery industries Completes the delivered-pipe offering Global Presence, Manufacturing Footprint & Offices National Pipe Company Key Strategic Priorities Expanding Our Global Footprint: Strategic Acquisition of National Pipe Company (NPC) – Saudi Arabia Q1 FY27 financials reflect only 40 days of NPC's contribution, following completion of 100% acquisition on 21st May 2026 and hence Contribution from NPC in Q1 was lower given the limited 40-day period, during which takeover and integration progressed well. The full financial impact and earnings contribution from NPC are expected to be reflected from Q2 FY27 onwards. Why Acquisition Is Better Than Greenfield MAN's build-vs-buy analysis for entering the Saudi market , the numbers behind acquiring NPC instead of building a greenfield mill. ACQUIRE V/S GREENFIELD: WHY ACQUISITION WAS THE RIGHT CALL FOR MAN ACQUIRE NPC — THE ROUTE TAKEN GREENFIELD SETUP — THE ROUTE SET ASIDE ₹1,500–1,600 Cr —mill, coating line, utilities, land & working Capital outlay ✓ ~₹960 Cr (US$102 Mn) —US$70 Mn debt + US$32 Mn equity ✕ capital, all funded before any revenue Capacity + approvals + customers + order book + US$83 Mn cash What the money buys ✓ ✕ Capacity only & liquid assets Time to first revenue ✓ Immediate—against the existing order book ✕ Three years or more Time to Aramco approval ✓ Already held, continuously since 2005 ✕ 1–2 years of plant audits and test lots Order book on day one ✓ US$120 Mn, with L1 status on further orders ✕ Nil Earnings Accretive ✓ 15-18% EBITDA Margin and 11-14% PAT margin ✕ Takes time to ramp up WHAT GREENFIELD WOULD HAVE EXPOSED US TO Zero Revenue & Approvals Cannot Be Built Commissioning Slippage Customers From Zero Years of servicing capex with no approved-vendor sales. Acquisition avoids construction and commissioning delays, No relationships, no track record, no repeat business —all Aramco vendor status is earned over years of audits —it allowing the business to start generating revenue faster. of which take years to rebuild from scratch. isn't a line item in any capex budget. Why the greenfield was set aside: Rather than build from scratch, MAN secured an operating platform with capacity, approvals, customers and cash flows — accelerating market entry without adding new supply to Saudi Arabia. How this Acquisition Creates Value Post-acquisition, NPC's 430,000 MTPA capacity offers significant headroom for The Dammam coating & utilization gains as throughput double-joint facility will enable ramps up on the existing asset Delivers cost synergies through base, fixed costs get absorbed us to offer value-added over higher volumes,. ~1.60 MTPA combined steel services and drive higher procurement, shared wallet share engineering capabilities, and Faster capacity localized Saudi manufacturing, Operating reducing freight and duty costs Customer moat monetization leverage Increase wallet Capital Revenue & share Cost synergies synergies Margin synerg [Showing first 8,000 characters — download PDF for full document]