CYIENT Q2 CONCALL : DET EBIT MARGIN AT 10-QUARTER HIGH, SEMICONDUCTOR BREAKEVEN TARGET FY28 & €50 MN ANNUAL BUSINESS OPPORTUNITY

• DET EBIT MARGIN REACHED 14.2%, HIGHEST IN 10 QUARTERS • MANAGEMENT EXPECTS TO MAINTAIN CURRENT DET EBIT MARGINS DESPITE WAGE HIKES IN Q3–Q4 FY27 • FY27 DET REVENUE GROWTH OUTLOOK POSITIVE FOR H2; NO NUMERICAL GUIDANCE PROVIDED • SEMICONDUCTOR BUSINESS TARGETING BREAKEVEN DURING FY28, WITH POSSIBLE 1–2 QUARTER DELAY • CUSTOM ASIC BUSINESS PIPELINE EXCEEDS $100 MN; ORDER INTAKE UP OVER 50% QOQ • HIGH-VOLTAGE SEMICONDUCTOR CHIP TAPE-OUT EXPECTED IN EARLY 2027 • HIGH-VOLTAGE CHIPS FOR AI DATA CENTERS & INDUSTRIAL APPLICATIONS EXPECTED TO CONTRIBUTE MEANINGFUL REVENUE IN FY28 • TAO DIGITAL ANNUAL REVENUE POTENTIAL ESTIMATED AT $100–110 MN OVER NEXT 12 MONTHS • €50 MN ANNUAL ENGINEERING FRAMEWORK OPPORTUNITY SIGNED; INITIAL RAMP-UP EXPECTED IN H2 FY27 • FULL POTENTIAL OF €50 MN FRAMEWORK AGREEMENT COULD TAKE 1–2 YEARS; REVENUE NOT GUARANTEED • CYIENT DLM ORDER BOOK REACHED RECORD HIGH, WITH BOOK-TO-BILL RATIO ABOVE 1.6X • STRATEGIC MARKETS BUSINESS RECOVERY EXPECTED OVER NEXT 1–2 QUARTERS • MANAGEMENT TARGETING 70% RECURRING/LONG-TERM REVENUE MIX OVER TIME • AI ENGINEERING, AEROSPACE, DEFENCE, DATA CENTERS & GRID MODERNIZATION IDENTIFIED AS KEY GROWTH DRIVERS • SEMICONDUCTOR SUPPLY CONSTRAINTS, WAFER COST INFLATION & WEAK ORGANIC GROWTH REMAIN KEY RISKS

CYIENT LIMITED

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