Sona BLW Precision Forgings (SONACOMS) Investor Presentation summary

Strategic rationale and market entry

• Entry into the China EV market aligns with a new strategy focused on eastern world markets.

• China is the largest and fastest-growing EV market, with 11.3 million EV sales in 2024 and a projected 11% CAGR to 2030.

• Chinese OEMs dominate global EV sales and exports, expanding influence in Southeast Asia and Latin America.

• The joint venture aims to become a key supplier of driveline systems in China, leveraging confirmed customer orders.

Joint venture structure and partner strengths

• Sona Comstar will hold a controlling 60% stake in the JV, with majority board representation.

• JNT will manage operations, contributing local expertise and supply chain management.

• Sona Comstar brings design, development, and precision forging capabilities, while JNT offers advanced casting, molding, and strong local customer connections.

• JNT is recognized for innovation, with 63 patents, national awards, and collaborations with research institutes.

• The JV will generate revenue from H2FY26, leveraging JNT’s existing customer base.

Financial and strategic outlook

• Sona Comstar will invest $12 million and JNT $8 million in the JV.

• The strategy builds on a decade of 10x revenue growth, now targeting new product verticals and eastern markets.

• Focus areas include electric, intelligent, and connected mobility solutions.

• The JV is positioned to benefit from China’s competitive pricing, advanced technology, and global EV market leadership.