Va Tech Wabag Limited · NSE:WABAG
Va Tech Wabag — Q2 & H1 FY2027 Earnings Presentation
33 slides from Va Tech Wabag's earnings presentation, Nov 5, 2026
Slide 1: Exchange filing cover letter
________________________________________________________________________________________ An ISO 9001 Company November 05, 2026 National Stock Exchange of India Limited BSE Limited, Exchange Plaza, Plot No. C/1, G Block, Floor 25, P J Towers, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai – 4
Slide 2: Results Update Presentation Q2 & H1 FY 2027
VA TECH WABAG LTD. TECHNOLOGY-FIRST GLOBAL WATER SOLUTIONS PROVIDER Results Update Presentation Q2 & H1 FY 2027
Slide 3: Safe Harbor Statement
SAFE HARBOR STATEMENT This presentation and the accompanying slides (the “Presentation”), which have been prepared by VA TECH WABAG LIMITED (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: Index
INDEX 06 THE WABAG GROUP 15 FINANCIAL PERFORMANCE 23 ORDER BOOK ANALYSIS 3
Slide 5: Management Comment
MANAGEMENT COMMENT “Crossing Rs. 20,000 crores in order book for the first time ever is a defining milestone for WABAG, achieved alongside robust top-line growth and strong profit momentum. In H1 this year, we secured two landmark “Mega” orders, a “Mega” SWRO project that marks our entry into Kuwait
Slide 6: Performance Highlights
PERFORMANCE HIGHLIGHTS H1 FY26 H1 FY27 INR Mn Q2 FY26 Q2 FY27 INR Mn 20.3% 20.7% 29.3% 19.9% 20.0% 23.3% 18,870 15,685 10,002 8,345 2,161 2,608 1,947 1,506 1,205 1,445 848 1,046 5 REVENUE EBITDA PAT REVENUE EBITDA PAT ▪ Strong Order Book of ~INR 202 Bn → Robust Revenue Visibility; Order H1 FY2026-27
Slide 7: The WABAG Group
THE WABAG GROUP 6
Slide 8: 100 Years Young & Strong
100 YEARS YOUNG & STRONG YEARS CENTURY 2.0 Pioneering the Next 100 Years 1996 2010 2019 2026 Foundation of VA VA TECH WABAG Ltd. Secured Landmark Kuwait foray with an order TECH WABAG Ltd., goes Public (NSE, BSE) One-City-One-Operator for 60 MIGD (~272 MLD) Chennai, India Project under State SWRO de
Slide 9: Delivering Innovative Water Solutions
DELIVERING INNOVATIVE WATER SOLUTIONS 25+ Countries Presence 2,000+ Wabagites across Locations Promoting Manufactured Water, Circular Among the Economy and Resource Recovery 1,500+ Plants executed since 1995 WORLD’S TOP 3* LARGEST PRIVATE WATER OPERATOR Core Expertise AA-/Stable & A1+ Credit Rating
Slide 10: Our Key Clients
OUR KEY CLIENTS Municipal Funding Agencies Industrial Serving clients in…. ▪ Municipal Water & Waste Water ▪ Food & Beverages ▪ Oil & Gas ▪ Fertilizer ▪ Power plants ▪ Industrial parks ▪ Steel 9
Slide 11: Alignment to UN SDGs & ESG Commitments
ALIGNMENT TO UN SDGs & ESG COMMITMENTS Our Path to Net Zero Reducing GHG emissions through our sustainable solutions Environment ▪ Achieve a 20% reduction of emissions under direct control (scope 1 & scope 2) by 2035 Water Positive through an increase share of renewable energy Effective technology f
Slide 12: Landmark Projects
LANDMARK PROJECTS 191 MLD SWRO 140 MLD Sewage (Desalination) Plant, Treatment Plant, Al Gubrah, Oman Dinapur, Varanasi, India One of Oman’s largest First and largest STP to be desalination plants inaugurated under ‘Clean Ganga’ mission 110 MLD SWRO 32 MLD Drinking Water (Desalination) Plant, Treatme
Slide 13: Landmark Projects
LANDMARK PROJECTS 40 MLD Madinaty 14 Sarneraatal WWTP, Wastewater Treatment Alpnach, Switzerland Plant, Cairo, Egypt First plant in Switzerland to be commissioned with NEREDA® Water reclamation plant for new technology satellite city near Cairo 130 MLD Drinking Koyambedu, Kodungaiyur Water Treatment
Slide 14: Robust Governance Structure
ROBUST GOVERNANCE STRUCTURE SHAREHOLDERS • Long-term shareholder MANAGEMENT value creation • Professional Management with average • Strong engagement through 30 years of relevant experience transparent communication • Promoter among top 20 Transformative Leaders, top 3 Global Water Leaders and Globa
Slide 15: For the Future
FOR THE FUTURE PV Solar, Semi-Conductor, Biogas to CBG Data Centers & Green H2 • Strategic tie up with ‘Peak Sustainability Ventures’ to • Well positioned as a complete water solution provider establish 100 CBG plants from Raw Water Treatment – UPW – ETP/ZLD with • Collaborated with one of the leadi
Slide 16: Financial Performance
FINANCIAL PERFORMANCE 15
Slide 17: Medium Term Outlook
MEDIUM TERM OUTLOOK Outlook (3-5 Years) Performance H1 FY’27 Commentary >4x of revenue; Order Book 3x of Revenue ~ INR 202 Bn Strong growth visibility Revenues Growth on track; Driven by 15 - 20% CAGR Up 20.3% (YoY) efficient execution & new projects EBITDA Margin Consistent Performance 13 - 15% 13.
Slide 18: Cash & Debt Position
CASH & DEBT POSITION Net Cash Positive INR 11,442 Mn 11,442 9,500 9,461 7,056 6,753 6,433 10,591 12,104 1,156 7,952 3,442 3,375 1,140 1,163 1,166 5,149 1,085 3,058 1,081 2,405 1,707 1,198 1,091 661 Q4 Q2 Q4 Q2 Q4 Q2 FY’24 FY’25 FY’25 FY’26 FY’26 FY’27 Cash Balance excl. Borrowing excl. HAM – Net Net
Slide 19: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (Rs. Mn) H1 FY27 H1 FY26 YoY% Q2 FY27 Q2 FY26 YoY% Revenue from Operations 18,870 15,685 20.3% 10,002 8,345 19.9% Cost of Sales 13,929 11,694 7,171 6,464 Total Cost of Operations (TCO) 2,903 2,006 1,588 988 Forex Loss/(Gain) (570) (176) (202) (312) EB
Slide 20: Standalone Profit & Loss Statement
STANDALONE PROFIT & LOSS STATEMENT Particulars (Rs. Mn) H1 FY27 H1 FY26 YoY% Q2 FY27 Q2 FY26 YoY% Revenue from Operations 15,871 13,302 19.3% 8,478 6,900 22.9% Cost of Sales 11,786 9,909 6,145 5,334 Total Cost of Operations (TCO) 2,303 1,736 1,312 875 Forex Loss/(Gain) (487) (233) (197) (336) EBITDA
Slide 21: Balance Sheet
BALANCE SHEET Consolidated Standalone Particulars (Rs. Mn) H1 FY27 FY26 H1 FY27 FY26 Total Equity (Net Worth) 27,553 25,737 22,582 21,082 Non-Current Payables 1,726 1,892 1,726 1,892 Trade Payables 11,863 12,622 10,849 12,004 Borrowings 1,821 2,255 491 920 Other Non-Current Liabilities 2,715 2,242 2
Slide 22: Cashflow Statement
CASHFLOW STATEMENT Consolidated Standalone Particulars (Rs. Mn) H1 FY27 FY26 H1 FY27 FY26 Net cash generated from / (used in) operations 2,246 2,067 1,912 2,033 Net cash generated from / (used) in investing (640) (204) (596) 87 activities Net cash generated from financing activities (750) (1,849) (6
Slide 23: Capital Market Information
CAPITAL MARKET INFORMATION Stock Performance (1st October 2025 to 30th September 2026) WABAG: +44% 24,836 NIFTY50: -9% 2,061 22,620 1,432 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26 Apr-26 May-26 Jun-26 Jul-26 Aug-26 Sep-26 VA Tech Wabag Ltd. NIFTY 50 Stock Information (As on 30th Sept 2026) Sharehold
Slide 24: Order Book Analysis
yg ORDER BOOK ANALYSIS
Slide 25: Revenue Breakup – H1 FY'27
REVENUE BREAKUP – H1 FY’27 By Business Offering & Customer Segment By Geography INR Mn EPC (INR Bn) Municipal Industrial Total Total EPC 11,988 3,393 15,381 India 8,612 O&M 2,734 567 3,301 International 10,070 15.4 12.6 Grand Total 14,722 3,960 18,682 Grand Total 18,682 H1 FY26 H1 FY27 O&M (INR Bn)
Slide 26: EPC Business Analysis – H1 FY'27
EPC BUSINESS ANALYSIS – H1 FY’27 INR Mn Revenue Growth (YoY) 22% Order Backlog Growth (YoY) 49% 40% 24% 2% 105% 2,669 15,557 142 29,315 9,265 60% 79,850 58% 52% 6,596 70% 64,293 48% 5,974 6,116 40% 57,123 42% 30% 27,809 H1 FY26 H1 FY27 H1 FY26 H1 FY27 India International India International 13% 148%
Slide 27: O&M Business Analysis – H1 FY'27
O&M BUSINESS ANALYSIS – H1 FY’27 INR Mn Revenue Growth (YoY) 13% Order Backlog Growth (YoY) 17% 12% 18% 15% 28% 121 261 805 24% 2,137 23% 684 7,419 9,648 15% 7,511 14% 2,235 2,496 48,031 55,450 76% 85% 77% 86% H1 FY26 H1 FY27 H1 FY26 H1 FY27 India International India International 14% 7% 344 38 17%
Slide 28: Order Book Analysis – H1 FY'27
ORDER BOOK ANALYSIS – H1 FY’27 INR Mn Revenue Growth (YoY) 21% 13% 12% 22% 23% 38% 382 5% 2,810 3,301 18% 424 2,790 2,768 3,960 21% 403 19% 2,919 23% 3,536 10,070 54% 47% 7,280 81% 15,381 82% 12,570 77% 11,953 14,721 79% 53% 8,209 8,612 46% H1 FY26 H1 FY27 H1 FY26 H1 FY27 H1 FY26 H1 FY27 EPC O&M Mun
Slide 29: Order Intake Breakup – H1 FY'27
ORDER INTAKE BREAKUP – H1 FY’27 By Business Offering & Customer Segment By Geography INR Mn 91% Municipal Industrial Total Total EPC EPC 29,873 17,309 47,182 India 25,195 O&M 4,726 0 4,726 9% O&M International 26,713 Grand Total 34,599 17,309 51,908 Grand Total 51,908 Municipal Key Orders Nature Cla
Slide 30: Closing Backlog – H1 FY'27
CLOSING BACKLOG – H1 FY’27 By Business Offering & Customer Segment By Geography INR Mn Municipal Industrial Total Total EPC 1,08,288 28,685 1,36,973 India 112,573 O&M 55,190 9,908 65,098 International 89,498 65 Grand Total 1,63,478 38,593 2,02,071 Grand Total 202,071 63 137 68% 44% 103 19% 81% 56% 3
Slide 31: Key Projects in Order Backlog
KEY PROJECTS IN ORDER BACKLOG INR Mn # Client and Location Capacity Nature Classification* Saudi Water Authority, Yanbu 1 300 MLD Desalination Mega Al-Bahr, KSA 22% 2 MEWRE, Doha, Kuwait 272 MLD Desalination Mega 18,682 51,908 3 RIL, Jamnagar, India 201 MLD Desalination Mega 4 CMWSSB, Perur, India 4
Slide 32: Awards & Recognition
Awards & Recognition Net Zero Energy - Certification Global Water Awards 2026 Mahatma Lifetime Achievement Award Awarded IGBC Net Zero Energy – Platinum Recognised as the winner of “Wastewater Mr. Rajiv Mittal, Chairman & Managing Certification, the only commercial building in Project of the Year” f
Slide 33: Thank You
Company VA Tech Wabag Ltd. CIN - L45205TN1995PLC030231 Mr. Skandaprasad Seetharaman Group Chief Financial Officer [email protected] | www.wabag.com THANK YOU IR Advisors Adfactors PR Pvt. Ltd. CIN - U74140MH1997PTC110210 Ms. Savli Mangle Vice President [email protected] | www.adfactorspr