Dixon Technologies (India) Limited

CORPORATE PRESENTATION Disclaimer

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Dixon Technologies Limited (the “Company”), 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 what so ever. 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. 02 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.

Dixon Technologies (India) Limited CORPORATE PRESENTATION Contents

Corporate Industry Road 03 Overview Landscape Ahead 05 25 29

Dixon Technologies (India) Limited CORPORATE PRESENTATION Corporate 04 Overview

Dixon Technologies (India) Limited CORPORATE PRESENTATION About Dixon Technologies Limited

Leading Diversified Leading Integrated Vision 05 Player in Electronic Product portfolio Brands of electronics Business model has To be the most preferred Manufacturing Service covering multiple and home appliances helped derive greater & trusted manufacturing & (ESM) space in India electronic segments as our clients operating efficiencies solution partner to brands operating across verticals

Dixon Technologies (India) Limited CORPORATE PRESENTATION Our Journey

Mid to Late 90s 2000 - 2008 2008 - 2010 Last 9 Years

Assembly CTV and VCR Added assembly of PCBs, Added ODM for CTV, Started LCD/LED TVs, Capability assembly started DVDs, CFL bulbs & STBs DVD & CFL bulbs Mobile Phones, CCTVs

Achievements Joined hands with Acquired leading Indian 1st Indian company Reverse Logistics operations 06 the Global Consumer Consumer Durable brands to develop STB-ODM with multi-location presence Electronics Giants as Customers solution

Manufacturing First manufacturing Established Multi- Started Sheet metal & Washing Machine & LED facility operational at location footprint plastic moulding Lighting, Magnetic and power Noida supplies , Security Cameras.

Prescriptive Operational ODM & High Value- Added EMS Sophistication Backward Products Operations Integration

Dixon Technologies (India) Limited CORPORATE PRESENTATION Our Product Segments

Consumer Electronics

Security Devices 40% 07 share in total Revenue Home Appliance 3.8% Lighting Solutions share in total Revenue 12.5% 30.8% share in total Revenue share in total Revenue

Mobile Phones Reverse Logistics 11.9% share in total Revenue 1% share in total Revenue

Note: Figures as on FY 2019

Dixon Technologies (India) Limited CORPORATE PRESENTATION Consumer Electronics

Key Highlights

• We have the largest capacity of LED television in India of 4.4 million units p.a.

• Our product offerings include a range of products such 08 as LED TVs ranging from sizes 19 to 65 inches include ATV, 2k, 4k, Smart, Semi smart, Android certified , Linux based TV with AIOT platform and voice control features • Through this vertical we provide ODM solutions to our customers • We also provide end-to-end solution including Auto Insertion, SMT, LCM Module Assembly • Dixon manufactures and supplies to marquee clients both customers domestic as well as international customers

Dixon Technologies (India) Limited CORPORATE PRESENTATION Consumer Electronics

Dixon Technologies (India) Limited CORPORATE PRESENTATION Home Appliances

Key Highlights

• The segment is completely based on ODM business model • We offer the largest product portfolio right from 6 kg to 10 kg with 140 odd models of multiple Washing Machines. 10 • We are in the process of initiating production of top loading fully automatic washing machine from 6kg to 8kg. • Our cumulative capacity stands at 1 million units p.a • Leveraging from our strong R&D capabilities in the segment, we are able to design and produce technologically advanced washing machine for our customers.

Dixon Technologies (India) Limited CORPORATE PRESENTATION Home Appliances

Dixon Technologies (India) Limited CORPORATE PRESENTATION Lighting Solutions

Key Highlights • Through this division, we offer smart lighting solutions including LED bulbs, emergency bulbs and battens to leading brands in Indian and International market 12 • Capacity of the segment is 250 million LED bulbs p.a., which is almost 50% India’s requirement • While, for down lighters our capacity as on September, 2019 is 12 million p.a. which is almost 25% of Indian requirement. • Our Lighting division ranks amongst the top ten in the world in terms of production capacity • Our products are backed by our strong research and development capabilities which enables us to develop new and innovative products

Dixon Technologies (India) Limited CORPORATE PRESENTATION Lighting Solutions

Dixon Technologies (India) Limited CORPORATE PRESENTATION Mobile Phones

Key Highlights

• We have set-up a new capacity for mobile phones in Noida which is around 224,000 square feet. 14 • Our cumulative capacity stands around 40 million units p.a.

• We have initiated the commercial production of our marquee customers feature phones in our Noida facility.

• We have installed State-of-the-art infrastructures with SMT and other testing equipments.

Dixon Technologies (India) Limited CORPORATE PRESENTATION Mobile Phones

Dixon Technologies (India) Limited CORPORATE PRESENTATION Security Devices

Key Highlights

• Through our fully integrated plant, Dixon is India’s first Company to manufacture security devices such as CCTV & Digital 16 Video Recorders (DVR’s)

• The capacity of CCTV is 0.7 million per month while for DVR is 0.15 million per month

• Over the coming quarters, we expect significant growth in the vertical with improvement in capacity utilization.

Dixon Technologies (India) Limited CORPORATE PRESENTATION Security Devices

Dixon Technologies (India) Limited CORPORATE PRESENTATION Reverse Logistics

Key Highlights

• Through this vertical we offer repair services of LED TV panel, mobile and set top box and refurbishment for STBs, LED 18 TVs, Mobiles, Modems and Computer Peripherals

• Dixon is one of the few companies to have Panel Repairing Facility

• Dixon is one of the leading company who offer LED TVs refurbishment

Dixon Technologies (India) Limited CORPORATE PRESENTATION Reverse Logistics

Dixon Technologies (India) Limited CORPORATE PRESENTATION Our Plant Locations

Dehradun Plants 270 KM from Delhi UNIT 1 – Lighting UNIT 2- Washing Machine

Noida HO R&D Centre for 20 CTVs and Lighting

Noida Factories 20 KM from Delhi UNIT 1 – PCB Lighting UNIT 2 – Mobile Phones Unit 3 – Reverse Logistics Unit 4 – LED Lighting Tirupati Plants LED TVs CCTV/DVR

Dixon Technologies (India) Limited CORPORATE PRESENTATION Key Statistics

Total Revenue EBITDA ROCE (J in million) (J in million) (in %) 12,031 12,031 13,922 25,001 28,576 29,901 25,523 340 596 926 1,162 1,405 1,191 16% 28% 38% 35% 27% 33%

CAGR 26% 21

CAGR 43%

FY15 FY16 FY17 FY18 FY19 H1, FY20 FY15 FY16 FY17 FY18 FY19 H1, FY20 FY15 FY16 FY17 FY18 FY19 H1, FY20

Dixon Technologies (India) Limited CORPORATE PRESENTATION Dixon’s Diverse customer base

BrandsDixonDixonDixon’s weDiverse’s’s Diverse Diverseserve customercustomerMobile base base base Washing Reverse DixonDixonLighting ’s’s DiverseDiverseLED TV customercustomer base base Dixon’s Diverse customerPhones baseMachines Logistics DixonDixon’s Diverse’s Diverse customer customerMobileMobile WashingbaseWashing base ReverseReverse LightingLightingDixon’sLEDLED Diverse TVTV Mobile customer Washing baseReverse LightingDixonLED’s TVDiversePhonesMobile customerMachinesWashing LogisticsbaseReverse DixonLightingDixon’s Diverse’sLED Diverse TV customerPhones customerMobile Machinesbase baseWashing Logistics Reverse LightingDixon’s DiverseLED TV customerPhonesPhones base MachinesMachines LogisticsLogistics PhonesMobile MachinesWashing LogisticsReverse Lighting LED TV Mobile Washing Reverse Lighting LED TV PhonesMobile Mobile MachinesWashingWashing LogisticsReverseReverse Lighting Lighting LED TVLED TVMobilePhones Mobile WashingMobile Mobile Machines WashingReverseWashing Washing LogisticsReverseReverse Reverse LightingLightingLightingLightingLightingLED TVLEDLED TV TV LEDLED TV TVPhonesMobilePhones Phones MachinesWashingMachinesMachines LogisticsLogisticsReverseLogistics PhonesPhones Phones MachinesPhones Phones MachinesLogisticsMachinesMachinesMachines LogisticsLogisticsLogisticsLogistics Dixon’s Diverse customer base

Mobile Washing Reverse Lighting LED TV Phones Machines Logistics 22

Dixon’s Diverse customer base

Mobile Washing Reverse Lighting LED TV Phones Machines Logistics

Dixon Technologies (India) Limited CORPORATE PRESENTATION Environment, Community and People Highlights

Environment Community care People • We are undertaking Our focus areas of CSR activities include the following: • 28% female employees initiatives to minimize our • Promotion of Child Education • 33 employees in R&D impact on the eco-system team • Contributed to old Age Homes towards the upkeep of 23 • Electricity saving initiatives destitutes and abandoned elderly • H 95.346 million spent within the organisation • Contributed towards eradicating hunger through mid-day towards employee • Proper disposal of meal programme welfare and benefit hazardous waste • Contributed towards Natural disaster relief fund expenses • Conducted sanitation drive to ensure free flow of rain water into sewage and to prevent the clogging of rain water/ sewage on the road.

Note: Figures as on FY 2019

Dixon Technologies (India) Limited CORPORATE PRESENTATION 24

Industry Landscape

Dixon Technologies (India) Limited CORPORATE PRESENTATION EMS and ODMs Industry Overview

Global Scenario • The global EMS (Electronic Manufacturing services) and ODM (Original Design manufacturer) is currently valued at US$ 525.99 billion in 2018 and is anticipated to reach US$ 734.40 billion by 2026 growing at a CAGR of 4.26% between 2019 to 2026. 25 • Consumer devices such as mobile phones and digital camera accounts for the largest share in the total revenue of EMS market i.e. 39.5%. • The ODMs are developing at a faster rate in sectors such as Consumer electronics as compared to other sectors because of growing demand in the downstream industry and more brands looking to outsource their manufacturing in order to ensure cost-effective pricing • On account of untapped market potential in developing nations such as India, China and Taiwan, Asia-Pacific region for EMS and ODM market is anticipated to grow at a CAGR of 4.8%, remain the highest growing segment between 2019 to 2026.

Source: Reports and Data

Dixon Technologies (India) Limited CORPORATE PRESENTATION India Scenario

• The Indian EMS market is growing at a phenomenal growth rate and is anticipated to continue the same in the next five years

• Factors such as favourable Government policies, Make in India 26 initiatives and rising input cost in neighbouring country has augur well for indigenous EMS providers • The sectors that contribute significantly to the growth of EMS includes mobile phones, consumer electronics and appliance • Global giants are exploring opportunities to re-locate their manufacturing base to alternate location such as India. This is anticipated to provide strong impetus to Indian electronic industry going forward.

Dixon Technologies (India) Limited CORPORATE PRESENTATION Unique Business Model

ODM and EMS companies like Dixon are more preferred because of the following distinct features:

Focus on precision One-stop solutions Cost-effective Creative solutions and continuous On the back of their Large brands generally Owing to their strategic technology advancement prefer companies who can alliance, global sourcing innovation and strong R&D team, provide end-to-end solution and backward integration, ODMs constantly monitor the 27 manufacturers are more i.e. right from designing and they tend to provide market trends and upgrade their focused on bringing precision manufacturing to assembly cost effective solution to designs accordingly, providing to the manufacturing and distribution of products. Companies with superior innovative and improved solution process to minimize defects, quality and minimal defects. to their customers. As a result, while optimising assembly Consumer durable brands prefer operations to improve to outsource it to the ODMs as productivity. they have the required expertise in designing and manufacturing of the products.

Dixon Technologies (India) Limited CORPORATE PRESENTATION 28

Road Ahead

Dixon Technologies (India) Limited CORPORATE PRESENTATION Focus areas

• Constantly innovate and expand product portfolio with new products • Capitalise new business opportunities • Continue to focus on shifting towards ODM business model across all verticals • Leverage our Industry experiences and 29 economies of scale to gain competitive edge over our competitors • Leverage our Integrated business model to ensure healthy margins, strong relationship with customers and expand our presence In the international market. • Build long-lasting relationship with customers on the back of mutual benefit and trust

Dixon Technologies (India) Limited CORPORATE PRESENTATION Profile of Chairman and MD

Mr. Sunil Vachani Mr. Atul B Lall Executive Chairman Managing Director

Mr. Sunil Vachani is currently the Executive Chairman Mr. Atul B. Lall, is the Managing Director of of our Company. He holds a degree of Associate of our Company. He holds a master’s degree in Applied Arts in business administrations from the American College management studies from the Birla Institute of Technology 30 in London. He is also the Promoter of our Company and has been and Science, Pilani. He has been associated with our Company associated with us since inception. He is responsible for our Company’s since inception. He is responsible for our Company’s overall growth and business development. He has over two decades of business operations. He has more than 26 years of experience experience in the EMS industry. He has been awarded the “Man of in the EMS industry. He has served as a member of the Electronics Award” by CEAMA, the “Outstanding Citizen Award” by Technical Evaluation Committee for Electronic Manufacturing the Sindhi Chamber of Commerce and one of the “Top 100 people Services under M-SIPS (Electronic Manufacturing Services- influencing EMS” by the ventureoutsource.com. He has held positions EMS) constituted by the DeitY and served as a representative like chairman of the Electronics and Computer Software Export of ELCINA on the Committee for Reliability of Electronic and Promotion Council of India, Co-Chair of the CII ICTE Committee and Electrical Components and Equipment (LITD. 02) of the BIS. vice president of CEAMA. He has also authored the book, ‘Gita and India Inc.’.

Dixon Technologies (India) Limited CORPORATE PRESENTATION Management team

Mr. Sunil Vachani (KMP) Mr. Atul B. Lall (KMP) Mr. Abhijit Kotnis Mr. Vineet Kumar Mishra Executive Chairman Managing Director President – COO - Television President – COO - Lighting 31

Mr. Rajeev Lonial Mr. Pankaj Sharma Mr. Saurabh Gupta (KMP) Mr. Ashish Kumar (KMP) Mr. Muneesh Dhawan President – COO - Washing President – COO - Mobile Chief Financial Officer Group Company Secretary Vice President, Machine Phone and Head of Legal & HR Business Development

Dixon Technologies (India) Limited CORPORATE PRESENTATION Awards and Recognition

Dixon Technologies (India) Limited CORPORATE PRESENTATION B 14 & 15, Noida Phase II, Pin – 201305, U.P. India Phone: +91-120-4737200 | E-Mail: [email protected]