PPAP AUTOMOTIVE Q2 FY27: TARGETS 20%+ ANNUAL AFTERMARKET REVENUE GROWTH; 10% REVENUE CONTRIBUTION IN 2–3 YEARS, TOOLING CAPACITY EXPANSION TO 180 MOLDS

• Aftermarket Revenue Guidance: Management targets over 20% annual revenue growth in the aftermarket business, supported by new products and wider distribution. • Aftermarket Revenue Mix Target: Aims to generate 10% of overall company revenue from the aftermarket division within the next 2–3 financial years. • Tooling Capacity Expansion: Plans to increase manufacturing capacity to 180 molds, serving automotive and non-automotive customers. • Tooling Growth Strategy: Focused on executing the existing order pipeline, improving capacity utilisation and achieving operating leverage. • Automotive Parts Expansion: Plans to increase content per vehicle through value-added, higher-margin products. • Five-Year Order Execution: Management prioritising timely execution of its automotive parts order book over the next five years. • Exports Expansion: Automotive parts exports have commenced to the USA, with the company exploring additional opportunities in GCC countries. • New Customer Acquisition: Strengthening relationships with existing OEMs while onboarding new customers and increasing its share of business. • EV Business Opportunities: Growing electric vehicle order wins provide future revenue opportunities across new-generation mobility platforms. • Customer Expansion: Secured new orders from JSW and MG, alongside established relationships with Maruti Suzuki, Tata Motors, Toyota, Honda, Renault and Mahindra. • Margin Recovery Outlook: Management expects gross margins to improve over the coming quarters as higher raw material costs are passed through to OEM customers, subject to a time lag. • Battery Manufacturing: Existing battery pack assembly infrastructure has an installed capacity of 150 MWh annually, serving mobility and energy storage applications. • Group Restructuring: Presentation outlines the proposed merger of Avinya Batteries' business into PPAP Automotive and a tooling business transfer to Meraki Precision Tools.

PPAP AUTOMOTIVE LIMITED

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