Machining businesses collaboration to grow

Collaboration between machining business in USA and India to grow business. USA machining business is not required to invest, India takes all responsibilities of CapEx, OpeX and shares profits with USA.

1. 1 Global Machining Businesses Collaboration (GMBC)

2. 2 Global Machining Businesses Collaboration Purpose of collaboration is to grow both businesses by leveraging your presence in high-cost region and ourselves in low-cost for manufacturing. Your customers are unknown to us, and you are our customer. Benefits - Finance and Operations overview Succinnova Opportunity Element Responsibility Opportunity Responsibility Customer Revenue $3M RFQ flow $2.25M Competitive quotes Working capital Positive impact No advance, NET 30 days - Invest to grow Profit 20 – 30 % - 20 % Invest to grow Finance Operations Manufacturing - - Yes Yes Quality, Delivery 100 %, 95% Inward, random spot checks 100 %, 95% Make to print, ship on time Logistics Door delivered goods - 100 % Supply chain management Accounts - Pay on time On time payments -

3. 3 GMBC Operating process Customer Succinnova Introduction (Map synergies, build business case) Industries served, type of materials, volume mix, lead times, quality and communication expectations, packaging standards Core competencies, equipment and instruments, materials, volumes, lead times, tolerance levels, logistics handling GMBC Operating process Stage RFQ (Explore opportunities to execute business case) NDA, Drawings, 3D models, volumes, delivery expectations NDA sign off, Competitive quote, lead time for samples and production, MOQ, pay terms Q ualification (Test performance to execute business case) Purchase order, master samples if requested (may be 1 out of 20) Samples inspection and feedback Order acknowledgment, MFIR and IP, periodic updates, samples manufacturing, invoice and delivery Production orders (Execute, enhance business case) Purchase order / blanket order / stock agreements etc. Payment. Order acknowledgment, periodic updates, production supplies, invoice and delivery

4. 4 Succinnova machining capabilities overview

5. Infrastructure 18,400 Sq. ft state of the art manufacturing facility Skilled and enthusiastic human asset (workforce) Surrounded manufacturing ecosystem Digitized operations by end of 2025 CNC Milling, turning centers CNC 5 axis milling, turn-mill centers Measuring Instruments In-house fixtures, programming software Equipment Core competencies Machining medium to critical tolerances up to 6 microns (0.006 mm) Sub Assemblies – In house machining, established supply base for Fabrication, Casting, OEM Components, surface treatments etc. to provide one stop solution Experienced in Stainless Steel, Carbon steel, Aluminum, Brass, Monel and Inconel (exotics) Lead time of 3-4 weeks for developments, 3-6 weeks for production Expertise in handling global supply chain providing door deliveries to customers Manufacturing facility overview

6. Machine Type Make Quantity X Axis (MAX DIA) Y Axis Z Axis (MAX LENGTH) CNC Vertical Machining Centre VMC 5 Axis Hurco 2 250 mm 10 inch 250 mm 10 inch 500 mm 20 inch CNC Vertical Machining Centre VMC 4 Axis HAAS 1 762 mm 30 inch 406 mm 16 inch 508 mm 20 inch CNC Vertical Machining Centre VMC 4 Axis Su-Ayud 6 762 mm 30 inch 406 mm 16 inch 508 mm 20 inch CNC Vertical Machining Centre VMC 4 Axis Cosmos 2 762 mm 30 inch 406 mm 16 inch 508 mm 20 inch CNC Vertical Machining Centre VMC 3 Axis HAAS, Jyothi 2 762 mm 30 inch 406 mm 16 inch 508 mm 20 inch CNC Vertical Machining Centre VMC 4 Axis BFW 2 1000 mm 40 inch 510 mm 20 inch 510 mm 20 inch CNC Vertical Machining Centre VMC 3 Axis Abhiyanth 1 700mm 28 inch 450 mm 18 inch 406 mm 16 inch CNC Turn-mill Turn-mill Hyundai 1 300 mm 12 inch -- 508 mm 20 inch CNC Turning Centre Turning BFW, LMW 3 300 mm 12 inch -- 500 mm 20 inch CNC Turning Centre Turning Tsugami 1 300 mm 12 inch -- 500 mm 20 inch CNC Turning Centre Turning LMW 1 300 mm 12 inch -- 750 mm 30 inch Equipment list Investing on customer needs is been our approach to attain growth, we constantly strategize and balance our investments to be contingent of existing business and technology advancement to host rapidly upgrading customer needs. While we upgrade technology, there’ s always an emphasize on being cost competitive; hence the funds are allocated to accommodate diverse business in terms of complexity, volume spread, varieties of materials and speed to the market.

7. Policy : “ STPL shall strive to be the best-in-class company for machined components through a strategic focus on environmental sustainability, delightful customer experience, continually improving processes and employee engagement as the key differentiators for our business growth ” Quality - Systems AS 9100D and ISO 9001:2015 At Succinnova, quality control is the cornerstone we’ve always built on. Every individual involved with our CNC machining is held to the highest standards of quality and integrity... We are proud of our quality system certifications; however, quality is more than the accreditation. Right from the beginning, before our machines are programmed; customers will experience meticulous attention to details we seek in reviewing drawings, specifications, models and documentation requirements. For us, Quality is always sooner than later; our investment early in the process helps ensure positive returns in the end. Quality – Let’s make it a habit; not an action……

8. Quality – Assurance Instruments Getting on to Quality assurance, in order to cultivate qualitative habits; our team is continuously engaged in Trainings on using instruments Set-up inspection and approvals First article inspection and approvals In-process inspection Final and visual inspection Internal audits Calibration monitoring

9. YOY growth trend - Job workshop - 3 machines - 100 % Domestic - Precision machining - 85% Domestic - 5 machines - ISO Certification - Sub assemblies - 50% Exports - 7 machines - In-built ERP - 90% Exports - 10 machines - AS certification - 98% Exports - 12 machines - Industry 4.0 - 5 axis machines Facility expansion CMM - 15 machines 2017 2021 2020 2019 2018 2022 2023 2 nd unit 115 people 22 machines

10. Revenue overview

11. Future - Investments on technology and equipment Type of equipment Make Quantity Timeline Value in $K VMC – 4 axis Su-Ayud 3 Q3 - 2024 155 VMC – 4 axis Su-Ayud 4 Q4 - 2024 215 VMC – 5 axis Hurco 2 Q4 - 2024 250 Turn-Mill – 5 axis Doosan 1 Q1 - 2025 100 CNC turning LMW 4 Q1 - 2025 150 Total = 870

12. Future – infrastructure expansion Facility expansion Place – KIABD Phase-2, Doddaballapur ( 1 km to existing facility) Area – 87,120 sq. ft. ( 2 acres) Occupancy – June 2026 Warehouse in USA Place – TBD, probably in mid-west states Area – 5,000 sq. ft. Occupancy – Oct 2024

13. 13 Thank You Succinnova Technologies Private Limited No 13, Doddaballapur Integrated Textile Park Ltd. SW-51, Apparel Park, phase II, KIADB Industrial Area, Doddaballapur 561 203 Mobile : [phone] E-mail : [email protected] [email protected] Weblink : http://succinnova.com

14. 14 Global Machining Businesses Collaboration (GMBC) USA/EU/UK machining business Succinnova machining business Benefits Margins - 15 to 25% Grow revenue without Capex Working Capital impact – Opex , material, finance charges No involvement in operations Reduce administration – Multiple suppliers, employee benefits, routine management etc. Contingency – operations in India Inputs to provide Drawings and models, volumes, forecast Hide customer information, no regulatory (ITAR) parts Master samples if needed based on criticality Output Shipment at door per schedule/date Benefits Regular margins that of OEM orders served Quick and study growth with few customers Shared ownership to mitigate WC impact Leverage and build on operations excellence Consolidate, synergize to amortize overheads Responsibility Adhere expectations of IP and communications 100% right quality 3 to 6 weeks lead time for FA samples 100% OTIF per production schedule/forecast/PO Output 50% advance and 50% in 30 days from invoice date