Cemindia Projects Limited — Investor Presentation 2021

May 31, 2021

ofCorporateDept.BSELimited,PhirozeJeejeebhoyMumbai400023.	Services-CorporateRelationship,Towers,DalalStreet,	NationalStockLimited,ListingExchangePlaza,KurlaComplex,Bandra(East),Mumbai400	ofIndiaExchangeDepartment,'G'C-l,BlockBandra051.
Date	Our Reference No.	Our Contact	Direct Line
	SEC/OS/2021	RAHULNEOGI	912267680814

Dear Sirs,

Sub: Audited Financial Results for the quarter and year months ended 31st March, 2021 Scrip Code No: 509496 (BSE) / ITDCEM (NSE)

Enclosed please find presentation on Audited Financial Results for the quarter and year ended 31st March, 2021, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time (Listing Regulations).

You are requested to take the same on record. The presentation is being made available on the Company's website www.itdcem.co.in in accordance with Regulation 46 of the Listing Regulations.

Thanking you,

Yours faithfully, For lTD Cementation India Limited

001'1-1 flV ( I HUL NEOGI) . COMPANY SECRETARY

Encl: as above

ITO CEMENTATION INDIA LIMITED

Registered & Corporate Office: National Plastic Building, A - Subhash Road, Paranjape B Scheme, Vile Parle (East), Mumbai - 400057. Tel.: 91-22-66931600 Fax: 91-22-66931628 www.itdcem.co.in Corporate Identity Number: L61000MH1978PLC020435

EXCELLENCE IN EXECUTION

Nagpur Metro Station Building

ITD Cementation India Ltd Investor Presentation May 2021

This Presentation is for general information only and may contain statements about expected future events and financial and operating results of ITD Cementation India Limited, which could be forward-looking. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the assumptions, predictions and other forward-

looking statements may not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause assumptions, actual future results and events to differ materially from those expressed in the forward-looking statements. Accordingly, this Presentation is subject to the disclaimer and qualified in its

entirety by the assumptions, qualifications and risk factors referred to in this document. This does not purport to be a record of the proceedings of the Analysts & Institutional Investors Conference Call. No part of the Presentation shall be copied or disseminated, in whole or in part, in any manner.

AGENDA SLIDE

Overview I Vision & Mission I Organization Structure (Including JV)

FINANCIAL PERFORMANCE & SHAREHOLDING PATTERN

Financial Performance – Standalone & Consolidated Shareholding Pattern 2

ORDER BOOK ANALYSIS 3

Break-up of Orderbook and Year-wise order inflow

BUSINESS OPERATIONS 4

Key projects executed, Under Execution alongwith Key clients

EXECUTIVE SUMMARY

Key investment rationale in ITD Cementation 5

Only construction company with a sustained presence in India for nearly 9 decades of strong MNC parentage

Page 4

INTERNATIONAL PARENT STRENGTH

• Italian -Thai Development Company Limited (ITD Ltd) is one of the leading Infrastructure and largest construction company in Thailand which have made major contribution to Thailand's infrastructure for over 60 years. Listed on the stock exchange of Thailand with an initial capital base of Baht 2 million in 1994 Received the Royal Seal of Garuda, the highest and most honorable achievement for civilian Co's in Thailand in 1985 Net worth Rs 35,777 million (Consolidated) as at 31 December 2020 Work in hand (Construction & Concession) Rs 8,47,893 million (Construction Rs 5,05,347 million) as on 15 February

• 1. Projects with lowest bid / Under negotiation Rs 60,619 million. ITD has expanded to overseas countries such as India, Bangladesh, Cambodia, Lao Pdr, Indonesia, Maldives, Myanmar, Philippines, Madagascar, Taiwan, etc. With their experience and expertise, we have today successfully maintained our position as one of the market leaders in India's infrastrucutre development programme. This MNC lineage also provides access to the latest technology and know-how , international design and engineering organisation as well as skilled personnel to augment our local strength. * 1 Baht = Rs. 2.32

VISION & MISSION

VISION

Our aim is a satisfied client, a strong and proactive workforce and quality product finished on time and to budget

MISSION

To make ITD Cem the country's leading construction Company in customer choice, quality and safety

Re-certified through TUV Nord under the latest IMS standards QMS – Quality Management Systems, OHS – Occupational Health & Safety Management Systems, EMS – Environmental Management Systems

ISO 9001:2015 (QMS), ISO 14001:2015 (EMS) and ISO 45001:2018 (OHS-MS)

CORPORATE STRUCTURE

ITD Cementation India Limited

Urban Infra/MRTS/Airports, Marine structures, Hydro / Tunnel / Irrigation projects, Highways / bridges & flyovers, Water & Waste water segment, Industrial structures/buildings and Specialist foundation engineering projects

JOINT VENTURES

All figures in Rs millions

JOINT VENTURES
		All figures in Rs millions
Joint Venture	% holding	Key Projects
ITD –ITD Cem[Rs 3,849 million]	ITD Cem –49%ITD (Thailand) –51%	SupplyandinstallationoftrackworkforBangaloreMetroworkvirtuallycompleted3undergroundstationsandtunnelsforKolkataMetroDesignandconstructionofelevatedviaductand8elevatedstationsunderDelhiMRTSProjectforDMRCL(CC26)DesignandConstructionofTunnelsbyShieldTBMunderDelhiMRTSProjectforDMRCL(CC32)LayingofWaterTrunkMainandLayingofSewerLinebyMicrotunnelingMethodforKolkataEnvironmentalImprovementInvestmentProgrammeKolkataLayingofTrunkSeweralongJamesLongSarani,KolkatabyMicrotunnelingMethod
ITD-ITD Cem JV(Consortium of ITD -ITDCementation Ltd)	ITD Cem –40%ITD (Thailand) –60%	Construction of integrated passenger terminal building at Netaji Subhash Chandra BoseInternational Airport in Kolkata
ITD Cem Maytas Consortium[Rs 7,037 million]	ITD Cem –95%Maytas –5%	Investigation,Designandexecutionofwaterconveyorsystemconsistingoflinedgravitycanal,CM&CDworkstunnelswithcarryingcapacityof87.21cumecsfromThipparamReservoirtoGundureddipalli.forGovernmentofAndhraPradesh
ITD Cemindia JV[Rs 4,987 million]	ITD Cem –80%ITD (Thailand) –20%	RehabilitationandRefurbishmentofWaterWorksatPaltaandGardenReach.(KEIIP),Kolkata4Nos.projects-Constructionofelevatedstructures(viaduct&stations)forBangaloreMetroRailCorporationLtd.
CEC -ITD Cem -TPL JV[Rs 8,185 million]	CEC –40%ITD Cem –40%TPL –20%	Designandconstructionofundergroundsectionincluding3undergroundstationsforMumbaiMetroRailCorporationLimited
ITD Cem -BBJ JV[Rs 4,850 million]	ITD Cem –51%BBJ –49%	Constructionof24X76.20MSpanImportantBridgeoverriverGangaatAllahabadbetweenJhusiandDaraganjStationofNERintheStateofUttarPradesh,India

FINANCIAL PERFORMANCE AND SHAREHOLDING

STANDALONE FINANCIALS

* Before exceptional item

STANDALONE FINANCIALS

All figures in Rs millions

* After exceptional item * After exceptional item

CONSOLIDATED FINANCIALS

(Figures for the year 2016 are as per IGAAP and onwards are as per Ind AS) All figures in Rs millions

* Before exceptional item

CONSOLIDATED FINANCIALS

(Figures for the year 2016 are as per IGAAP and onwards are as per Ind AS) All figures in Rs millions

SHAREHOLDING PATTERN

• Amongst few construction players with 'Zero pledge' by promoters
• 46.6% Strong institutional shareholding of 31.2% i.e. Foreign Investors and Mutual Funds
  • Listed on both exchanges i.e. BSE and NSE
  • Market Cap of Rs 13,846 million as on May 28, 2021

Only MNC controlled construction company which is listed on Indian Stock Exchanges

ORDER BOOK ANALYSIS

ORDER BOOK AND SECTOR BREAKUP

Orderbook as at Year end

Orderbook as at Quarter end

ORDER BOOK AND SECTOR BREAKUPAll figures in Rs millionsNo .Orderbook as at Year endAs on March 31, 2021Size(Major)Marine38,70314117,431117,323Urban Infrastructure /38,2561799,925MRTS / Airports75,132Hydro / Dams / Tunnels /21,759965,835IrrigationIndustrial structures &13,3092BuildingsHighways, bridges &1,8472flyoversDec'16Dec'17Mar'19Mar'20Mar'21Water& Waste Water1,8604Foundation & Specialist1,58816EngineeringOrderbook as at Quarter endTotal117,32364
120,321119,160
117,431117,32313%

ORDER BOOK: MAJOR ONGOING PROJECTS

	ORDER BOOK: MAJOR ONGOING PROJECTS
			*All figures in Rs millions
S.No	Project Name	Sector	Size*
1	Design and construction of underground section including 3 underground stations for Mumbai Metro	Metro	28,301
2	Design & Construction of underground structuresfor Bangalore Metro	Metro	17,713
3	Coal Jetty, Breakwater and Conveyor System for Udangudi Supercritical Thermal Power Project	Marine	17,182
4	Construction of Piers, Landside Tunnels and Buildingsin Karwar	Marine	11,425
5	Redevelopment of General Pool Residential colony at Kasturba Nagar (Phase-I), New Delhi	Building	11,280
6	4 Nos. projects of Elevated structures (viaduct & stations) for Bangalore Metro	Metro	23,702
7	Construction of Tunnels (3 pkgs.) i.e. Sivok Rangpoand Shevak Rangpo in West Bengal	Tunnel	14,153
8	Piers, Landside Tunnels and Buildings in Karwar	Marine	11,425
9	Up-gradation of Passenger Terminal New Building –Trichy Airport	Airport	5,648
10	Container Terminalin Yangon, Myanmar	Marine	5,635
11	UG Metro Station KBB , Metro Railwayin Kolkata	Metro	4,689
12	Construction of Rubble Mound Breakwater for Port terminal at Vizhinjam	Marine	4,111
13	Circuit bench of Calcutta High Court	Building	3,769
14	New Integrated Terminal Building, at Pune Airport	Airport	3,589
15	Construction of Bulk Berth and Approach Trestle at Chhara Port	Marine	3,250
16	8 Nos. Elevated Metro Stations for Nagpur Metro	Metro	3,103
17	Construction of 7 stations incl. all related works of New Garia-Airport Metro Project, Kolkata(WB)	Metro	2,926
18	Development of Refit Jetty and Allied Facilities at Port Blair	Marine	2,803
19	Construction of sewer tunnel from Jai Bharat pumping station to Bandra IPS for MCGM Mumbai	Water	2,563
20	SteelBridgeoverriverGangaatAllahabadbetweenJhusiandDaraganjStation,UttarPradesh	Bridges	2,499

ORDER BOOK: KEY ACHIEVEMENTS

	ORDER BOOK: KEY ACHIEVEMENTS
			*All figures in Rs millions
	Total orders won worth ~Rs 28,100 million in FY21 –Major Project Details	Sector	Size*	Major orders received is tabulated below
	Piers, Landside Tunnels and Buildings inKarwar	Marine	11,425
	Rubble Mound Breakwater for Port terminal in Vizhinjam	Marine	4,111
	Circuit bench of CalcuttaHigh Court	Building	3,769
	7 stations incl. all related works of New GariaAirport Metro inKolkata	Metro	2,926

• Post Q4 FY21, the Company has won orders worth over Rs 9,500 million in Urban Infrastructure, Water and Specialist Engineering segment
• In addition, the Company has been declared L1 bidder in projects worth ~Rs 3,600 million
• The Company has recently completed major scope activities:
  • Tunnelling work completed for Kolkata underground Metro
  • Tunnelling work completed for Mumbai underground Metro

OPERATIONS & MANAGEMENT

MARINE: MARKET LEADERSHIP POSITION Orderbook : Rs 38,703 million

• Scope:
• Supercritical Thermal Power Project in Tamil Nadu
• Development of Container Terminal in Myanmar
• Multi Modal IWT terminal for Haldia in West Bengal
• Improving Capacity Utilization for Visakhapatnam Port Trust
• Development of Refit Jetty and Allied Facilities in Port Blair
• Construction of Break water at Vizhinjam Port in Kerala
• Development of Liquid Cargo Jetty at JNPT in Maharashtra
• Bulk Berth & Approach Trestle at Chhara Port in Gujarat
• Piers, Landside Tunnels and Building in Karwar, Karnataka

	Key Clients
Adani Yangong InternationalTerminal Ltd	JSW Steel, Adani Group, Larsen &Toubro
Visakhapatnam Port Trust.Andhra Pradesh	Inland Waterways Authorityof India(IWAI)
Tamil Nadu Generation andDistribution Corporation Ltd	Shapoorji Pallonji InfrastructureCapitalCompany Pvt Ltd
Jawaharlal Nehru PortTrust(JNPT)	NHAVA SHEVA GatewayTerminal Ltd
Mumbai PortTrust	Andaman & Lakshwadeep HarbourWorks
	Page 20

URBAN INFRASTRUCTURE / MRTS / AIRPORT: INCREASING FOCUS Orderbook : Rs 38,256 million Scope: Construction of Mass Rapid Transport Systems

• Nagpur Metro
• • Trichy

NagpurMetro	Corporation Ltd	Mumbai Metropolitan RegionDevelopment Authority
Up-gradationofPassengerTerminalNewBuildingin•Trichy	BangaloreMetro RailCorporation Ltd	Maharashtra Metro RailCorporation Ltd
IntegratedTerminalBuildingandReconstructionofOld•	MumbaiMetro RailCorporation Ltd	Rail Vikas Nigam Ltd
TerminalBuildingatPuneAirport	Airport Authority of India
		Page 21

HYDRO / DAMS / TUNNELS / IRRIGATION

Orderbook : Rs 21,759 million

• Scope: Concrete, earth fill, rock fill dams and tunnels
• Projects under Execution:

  • Water conveyor system of lined gravity canal/tunnels in Telangana

  • Laying of Trunk by Microtunneling method in Kolkata

  • Microtunneling method for KEIIP

  • Construction of tunnels New Single Broad Guage Rail Link between Rishikesh And Karanprayag in Uttarakhand

  • Construction of Tunnels for Sivok in West Bengal

Ircon International Ltd	Municipal Corporation ofGreater Mumbai
Ahmedabad MunicipalCorporation	Tata Power

INDUSTRIAL STRUCTURES & BUILDINGS

Orderbook : Rs 13,309 million

• Scope: Civil structures for academics institutes, residential fertilizer plants Key Project executed: • Haj Tower in Kolkata • Super Structure for UAC Bose Institute in Kolkata Projects under Execution: • Redevelopment of General Pool Residential colony at

• Buildings for IIT Ropar in Punjab

• LNG storage tanks in Mundra

• Industrial structure for IOCL refinery, Paradip

• Kasturba Nagar in New Delhi

	Key Clients
CPWD, New Delhi	RITES Limited
NTPC	IOCL

HIGHWAYS, BRIDGES & FLYOVERS

Orderbook : Rs 1,847 million

• Projects under Execution: 6 laning Pune Satara road project in Maharashtra
• • Steel Bridge over river Ganga in Uttar Pradesh

of India

Orderbook : Rs 1,860 million

• Scope: Roads, bridges and flyovers construction Scope: Water transmission & treatment plants Projects under Execution: • Rehabilitation & Refurbishment of Water Works, Palta and Garden Reach in West Bengal • Designing, Erecting & Commissioning of Intake Channel
  • for Bhama Askhed Water Supply Scheme in Pune
  • Drainage System of Agartala Municipal Area in Tripura
  • Sewer tunnel and allied works by Segmental Tunneling Method in Mumbai

Kolkata Municipal Corporation

Ahmedabad Municipal Corporation

FOUNDATION & SPECIALIST ENGINEERING

Orderbook : Rs 1,588 million

NTPC Ltd	CalcuttaHigh Court
Nuclear PowerCorporationof India	Dam Rehabilitation Projects,Govt.of Karnataka
Sabarmati Riverfront

EXECUTIVE SUMMARY

ITD Cementation Well Positioned..

MNC parentage – Access to internationally Leadership position in Marine construction and increasing footprints in urban infra, metro and airports

Proven track record of completing large, complex projects within cost & time

Experienced management team with strong design technology and know how

Robust orderbook of Rs 117,323 million, thereby providing revenue visibility

Conservatively financed with Net Debt:Equity of 0.3x

ISO certified construction company with focus on QMS, OHS and EMS standards

..to capitalize on the national infrastructure pipeline opportunities of Government of India ambitious plan

FULLY GEARED UP AND COMMITTED TO PLAY A VITAL ROLE IN INDIA INFRASTRUCTURE GROWTH STORY

THANK YOU