Varroc Engineering Limited Corporate Presentation March 2021 Disclaimer The information contained in this presentation is provided by Varroc Engineering Limited (the “Company”) to you solely for your information. This document is highly confidential and being given solely for your use and may not be retained by you and neither this presentation nor any part thereof may be (i) used or relied upon by any other party or for any other purpose; (ii) copied, photocopied, duplicated or otherwise reproduced in any form or by any means; or (iii) re-circulated, redistributed, passed on, published in any media, website or otherwise disseminated, to any other person, in any form or manner, in part or as a whole, without the prior written consent of the Company. Any unauthorized use, disclosure or public dissemination of information contained herein is prohibited. This presentation does not purport to be a complete description of the markets’ conditions or developments referred to in the material. 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You further represent and agree that you are located outside the United States and you are permitted under the laws of your jurisdiction to receive this presentation. 2 Varroc Engineering Ltd: #1 Overview and Growth Drivers Varroc is a Leading Indian Auto Component Group with a Global Footprint • Founded in 1988 in Aurangabad, India by the Jain family • Successful listing on the Indian Stock Exchanges in July 2018 Leading Two primary business lines: Tier-1 manufacturer and supplier to 1. Varroc Lighting Systems (“VLS”): global supplier of exterior lighting systems the Indian 2W and 3W OEMs(5) to passenger car OEMs 2. Varroc India Business: manufacturer and supplier of a diverse range of Polymer, Electrical and Metallic components to 2W, 3W and 4W OEMs. 6th Largest(1), fastest growing among top • Strong, long-lasting, growing customer relationships with marquee auto OEMs globally and in India global exterior auto lighting suppliers • Well-diversified global auto component business across geographies, products and customers 2nd • Low cost, strategically located, global manufacturing footprint largest Indian auto component • 44 Manufacturing Facilities and 15 R&D Centres across 5 continents (4) company(5) • In-house R&D capabilities in India, Czech Republic, China(3), USA, Mexico, Germany, Italy, Romania and Poland INR 120bn FY19 revenue(2) • ~1,106 R&D engineers(4); 161 patents granted globally; 182 patents applied(4) INR 111bn FY20 revenue(2) • Experienced management team supported by reputed Board • ~13,420 employees across the globe(4) INR 77bn 9MFY21 revenue(2) Note: (1) Based on Yole Report – By revenue published in 2020. For passenger vehicles. (2) Excluding China (3) Activities in China are through a 50% joint venture with Beste Motor Co. Ltd. (4)