—APRIL 3, 2020

Shaping the future of sustainable energyABB Power Products and Systems India LimitedN Venu, Managing Director

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This presentation includes forward-looking information and statements including statements concerning the outlook for our businesses.These statements are based on current expectations, estimates and projections about the factors that may affect our future performance,including global economic conditions, and the economic conditions of the regions and industries that are major markets for ABB PowerProducts and Systems India Ltd (referred to here on as the ‘Company’). These expectations, estimates and projections are generallyidentifiable by statements containing words such as “expects,” “believes,” “estimates,” “targets,” “plans,” “outlook” or similar expressions.

There are numerous risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materiallyfrom the forward-looking information and statements made in this presentation and which could affect our ability to achieve any or all ofour stated targets. The important factors that could cause such differences include, among others:

– business risks associated with the volatile global economic environment and political conditions

– costs associated with compliance activities

– market acceptance of new products and services

– changes in governmental regulations and currency exchange rates, and

– such other factors as may be discussed from time to time in for the Company’s filings with the Securities and Exchange Board of India (SEBI), including its Annual Report.

Although the Company believes that its expectations reflected in any such forward-looking statement are based upon reasonableassumptions, it can give no assurance that those expectations will be achieved.

Important notices

Slide 2

—Who we areABB Power Products and Systems India Ltd

—Our heritage in India

Slide 4

Six decades pioneering innovation

We are invested in India – developing world class manufacturing base, commissioning landmark projects, shaping future talent

—About usDeeply entrenched in the market, well-networked with customers

17 sales offices

~2,244 employees

1000+ customers

16 manufacturing units in 5 locations

~3,230 cr revenues (9M)

Maneja Savli

Peenya

Halol

Mysore

Slide 5

—Most comprehensive grid portfolio, across the value chain

Slide 6

Partner of choice for enabling a stronger, smarter and greener grid

Planning and building solutions

Digital grid pioneer

Operations and maintenance solutions

Products and components

Broadest portfolio and footprint

Software and automation

Deepest application know-how

Systems

Technology and innovation leader

Service

Largest installed base

Global Technology and Market Leader

—Management team

Venu NuguriManaging Director

Ajay SinghChief Financial Officer

Raja RadhakrishnanCountry HR Director

Akilur RehmanChief Technology Officer

Manjit S SethiHead of Transformers

Rupinder SinghHead of High Voltage

Products

Ahmad KhanHead of Grid Automation

Ramkumar DHead of Grid Power

Quality Solutions

Saji SHead of HVDC

Karthik Krishnamurthi

Head Sales & Marketing

Poovanna AGeneral Counsel,

Company Secretary & Compliance Officer

Manashwi BanerjeeHead of

Communications

A strong team with rich industry experience, dedicated to delivering value

Slide 7

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Frank Duggan Venu Nuguri Sanjeev Sharma

Mukesh Butani Akila Krishnakumar Nishi Vasudeva

Chairman, Non-Executive Director

Managing DirectorAnd Head of Power Grids business in South Asia region

Non-Executive DirectorManaging Director of ABB India Ltd

Independent DirectorFounder of BMR Legal Advocates, a tax law firm in India

Independent DirectorFormer President –Global Technology and Country Head of SunGard (now Fiserv) in India

Independent DirectorFormer Chairman and Managing Director of Hindustan Petroleum Corporation Limited

Board of Directors

Leveraging diversity in thought and experience to help us shape the future of energy

Slide 8

—Our world in 2050Global trends impacting markets and customers

—Our world in 2050Major global trends impacting our customers

9 billionPeople on our planet

limit global warming

1.5°Chit net zero by 2050

500 BNIOT connected devices

Rapid growth of

EVs250MN stock by 2030

68%people living in cities

1 billionwithout reliable

electricity

80%more energy

consumed

50%power sourced from

wind and solar

predicting everything

AI, MR digital

twins…

global economic shift

E7 countries

Economies double G7

Social media boom

TRUST is more important

Source: OECD, IEA, UN, BNEF, PWC

—Our purpose

“Shaping the future of sustainable energy, with pioneering technologies, as the partner of

choice for a stronger, smarter and greener grid.”

—Market OverviewBig shift in power and energy

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April 2, 2020 Sources: ABBSlide 13

Today and in the near future

Grid Evolution

—Power sector transformation – center of energy & industry revolution

1 Source CEA Draft Report2 Renewable category includes hydro and flexible capacity, conventional category includes nuclear plus all fossil fuel capacity3 40% capacity additions considered in rooftop solar, Distributed includes, biomass, geothermal, onshore wind, small solar, small scale batteries, demand response

Slide 14

2019 2030

Conventional

Renewables

Projected installedCapacity (GW)1

367

800

Bulk vs Distributedrenewable installedCapacity (GW)3

113

39314

130

2019 2030

Bulk Distributed

—Long-term market opportunities

Slide 15

Supply/demand evolution and grid complexity will result in new markets

—Creating value for customers ABB Power Products and Systems India Ltd

—Strong customer focus

Slide 17

Key customers of ABB Power Products & Systems India Ltd

PGCIL GETCO BHEL Adani Reliance Indian OilIndian

RailwaysBombardier

Larsen & Toubro

KPTCL Tata Power CESC JSW Tata GroupAditya Birla

Group Delhi Metro

RailKochi Metro

Alstom

Torrent Power

ACMECeylon

Electricity Board

ONGC Vedanta HPCL KECBangalore

MetroKolkata Metro

Utilities Industries Transportation & Infrastructure

Powering the energy revolution for over 1,000 customers across verticals

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Pioneering technologies for a stronger, smarter and greener grid

Our portfolio

Slide 18

Grid Automation– Communication Networks– Enterprise Software– Grid Edge Solutions– Grid Automation Products– Grid Automation Systems– Asset Management Solutions– Energy Portfolio Management– Workforce Management Solutions– Services

Grid Integration– System Integration– HVDC - Grid interconnectors; city infeeds– Power Consulting– FACTS & Power Quality– e-Bus charging systems (TOSA)– Substations & Services - Digital substations;

Hybrid and mobile solutions

High Voltage Products

– Live Tank Breakers– HV Instrument

Transformers– Disconnectors– Capacitor & Filters

Transformers

Products, systems, services sand software across the value chain

– GIS– Hybrid switchgear -

PASS– Service

– Power Transformers– Reactors– Traction Transformers– I&C (Insulation &

Bushings)

– Dry Transformer – I&C (Insulation &

Bushings)– Service

—Investing in our future

ABB PowerDEC* - ABB Power Digital Experience CenterABB PowerTEC* – ABB Power Technology Experience Center

Slide 19

Experience centers for engineers; pilot programs for society

Institute & experience center for customers & future engineers to understand core and digital power technologies

Pilots to develop and test new electric buses using ABB’s world’s fastest flash-charging technology - TOSA

ABB PowerTEC

ABB PowerDEC

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“Make in India, for India and the world”

Delivering across countries and economies

Slide 20

5 products

having their global feeder factories in India

~20 Member

dedicated experienced sales team to support exports across the globe

Exported to more

than 75 countries.

6 Countries for

which India has regional responsibility for substations

15-20% of orders

Products, systems, services & expertise

Supplied to more than 75 countries across the world

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Power Grids Service:

• 10-15% of orders

• Largest installed base

• Employees: 500+

• Service centers close to customers

Service: a lever for profitable growth

Slide 21

Paving the way for PG to build trusted relationships, and become a partner of choice

The Service Commitment

› Build sustainable lifecycle partnerships by growing long-term service agreements and providing a valuable business foundation

› Enable customers to boost systemreliability applying digital solutions

› Drive customer business impact through advanced services and innovative O&M strategies

› Leverage an industry-leading installed base, footprint andexpertise

Plan Build Operate & Maintain

Grow digitally-enabled service

Leverage a winning lifecycle service portfolio

Customer

Connect

Center Increase customer intimacy

Further strengthen quality

Best-in-class HSEABB-PG Installed Base Heatmap

—Contributing to India’s sustainable developmentLandmark projects – making the grid stronger, smarter and greener

—Shaping the future of sustainable energy

Slide 23

Connecting 648MW of reliable solar power to the grid 100% of dry-type transformers in Gamesa’s wind turbines

Integration: A critical element in achieving the government’s renewable ambitions

—Pioneering HVDC technology in India

Slide 24

North-East Agra – world’s first multi-terminal UHVDC link

50% of HVDC links in India by ABB

Transferring 6GW of clean energy over

1,700km

Lighting up the livesof 90 million people

—Ensuring reliable power for quality industry output

Slide 25

Islanding solution for the world’s largest oil refinerySubstations & asset management for energy intensive industries like mining, cement, steel

Reducing the environmental footprint of ‘Make in India’

—Powering the future of mobility

Slide 26

Modernizing Indian Railways – 1600 traction transformers for 800 new electric freight locomotives in India

All metro rail services in India use ABB SCADA systems to monitor and control their networks

From railways to digitalized metro rail

—Smart data needs smart power

Slide 27

100kV GIS substation to power data center in the heart of Mumbai

Digital substation to ensure quality power for India’s largest IT park

Globally, data centers will account for 25% of total energy consumption by 2025

—Joint Venture (JV) with Hitachi*Investing in and strengthening a global leader in power grids

*Subject to the satisfaction of various conditions precedent including receipt of customary regulatory approvals such as antitrust clearances, including from the Competition Commission of India, and other governmental approvals and the successful completion of the conditions set out in the SPA

—Hitachi investing in and strengthening a global leader in power grids

Slide 29

Acquiring* a majority stake in Power Grids

Local

Global

ABB Power gridsPower generation, renewables,

rail, smart cities, EV mobility

Hitachi today Power Grids+

ABB Power Grids to bring significant scale and value to Hitachi

*Subject to the satisfaction of various conditions precedent including receipt of customary regulatory approvals such as antitrust clearances, including from the Competition Commission of India, and other governmental approvals and the successful completion of the conditions set out in the SPA

—Attractive future for customers and employeesCompelling combination of complementary strengths*

Power Grids

Global #1 for a stronger, smarter and greener grid

Digitalization leader

Industry leader for profitability

Hitachi

Energy infrastructure core

Large project financing

Global reach with strength in Japan

Slide 30

*Subject to the satisfaction of various conditions precedent including receipt of customary regulatory approvals such as antitrust clearances, including from the Competition Commission of India, and other governmental approvals and the successful completion of the conditions set out in the SPA

—ABB Power Products & System India LtdFinancial Overview

—Performance highlights

Slide 32

Performance summary Key ratios

April-December 2019*

*for the nine month period ended December 31, 2019. All figures in INR Crore

INR Crore

Performance indicator Apr-Dec 2019

Total Orders Received 2,642

Order Backlog (end of period) 5,101

Revenue 3,231

Profit Before Tax (PBT) before exceptional item 261

Exceptional Item (Demerger Expenses) 41

Profit Before Tax (PBT) after exceptional item 221

PBT % before exceptional item 8.1%

PBT % after exceptional item 6.8%

Profit After Tax (PAT) 165

PAT % 5.1%

Operational EBITA margin 9.0%

Effective tax rate 25.0%

Earning per share (INR) 44.7

Debtors Turnover 2.02

Inventory Turnover 6.71

Current Ratio 1.07

The audited financial statements are prepared from February 19, 2019 (being the date of incorporation of ABB Power Products & Systems India Ltd) upto December 31, 2019 (being the financial year end for ABB Power Products & Systems India Ltd). However, the appointed date as per the Scheme of Arrangement was April 01, 2019. Therefore, the financials are representative from April 01, 2019 upto December 31, 2019 (9 months period). For details visit https://new.abb.com/grid/appsil

—Vision and StrategyABB Power Products and Systems India Ltd

—Power Grids Vision 2025

2017 2025

Consultancy, Service, Software

Conventional products and systems

Ambition

Expand revenue from serviceFully digitalized portfolio

#1 Grid planning, Grid automation and softwareRenewables integration

and storageBest-in-class, quality,

delivery and operations

Perform

Strengthen #1 market position

Grow faster than market

Predictable earnings and cash returns

Embed UN SustainableDevelopment Goals

*Growth and portfolio shift

Digitalized products and systems (incl. automation)

*illustrative

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“Shaping the future of sustainable energy, with pioneering technologies, as the partner of

choice for a stronger, smarter and greener grid.”