Cemindia Projects Limited — Investor Presentation 2023

Aug 7, 2023

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Cem ITD Cementation India[Limited]

Commitment, Reliability & Quality

Dept. of Corporate Services – Corporate National Stock Exchange of India Relationship, Limited, BSE Limited, Listing Department, Phiroze Jeejeebhoy Towers, Dalal Street, Exchange Plaza, C-1, Block ‘G’ Mumbai 400 001. Bandra-Kurla Complex,

Listing Department, Exchange Plaza, C-1, Block ‘G’ Bandra-Kurla Complex, Bandra (East), Mumbai 400 051.

Date Our Reference No. Our Contact Direct Line 7[th] August, 2023 SEC/08/2023 RAHUL NEOGI 91 22 67680814 rahul.neogi@itdcem.co.in

Dear Sirs,

Sub: Unaudited Financial Results for the quarter ended 30[th] June, 2023 Scrip Code No: 509496 (BSE) / ITDCEM (NSE)

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, enclosed please find presentation on Unaudited Financial Results for the quarter ended 30[th] June, 2023.

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 ITD Cementation India Limited

Digitally signed by RAHUL NEOGI DN: c=IN, o=Personal, postalCode=400101, st=Maharashtra, 2.5.4.20=d6d0df5445796b87b8d90ab7a54ecb6fa930dd593fdf1 2cc80090f398780228b, pseudonym=6A90452343F3F023CF80080B1BA7597371D386E RAHUL NEOGI D, serialNumber=8D2A9ED0DFE2EEF0B6F68C1B48856DD103F7E3 A97C4B25E6D1B16D812D7260A5, cn=RAHUL NEOGI Date: 2023.08.07 18:30:29 +05'30'

(RAHUL NEOGI) COMPANY SECRETARY

Encl: as above

ITD Cementation India Limited

Registered & Corporate Office : 9lh Floor, Prima Bay, Tower - B, Gate No. 5, Saki Vihar Road. Powai. Mumbai - 400 072 Tel.: 91-22-66931600 fax : 91-22-66931628 www.itdcem.co.in Corporate Identity Number : L61000MH 1978PLC020435

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Rubble Mound Breakwater Vizhinjam Port in Kerala

ITD Cementation India Limited

Investor Presentation Q1 FY24

Cem Commitment, Reliability, Quality

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Kolkata metro station building in West Bengal

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Sivok Rangpo railway tunnel in West Bengal and Sikkim

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FORWARD-LOOKING STATEMENTS (DISCLAIMER)

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.

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OVERVIEW – NINE DECADES OF SUSTAINABLE PRESENCE IN INDIA

PROMOTERS ORDERBOOK PRESENCE EMPLOYEE BASE PAN INDIA OVER 14,500 Rs 1,85,168 (including contractual (13 STATES & 2 UT) 46.64% 1 INTERNATIONAL personnel and MILLION PROJECT workers)

CREDIT RATING ICRA A and CARE A ‘STABLE’ OUTLOOK

DIVERSIFIED AND HIGH GROWTH SECTORAL PRESENCE

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URBAN INDUSTRIAL HYDRO, DAMS, FOUNDATION AND HIGHWAYS, BRIDGES MARITIME WATER AND WASTE INFRASTRUCTURE, STRUCTURES AND TUNNELS AND SPECIALIST AND FLYOVERS STRUCTURES WATER MRTS AND AIRPORTS BUILDINGS IRRIGATION ENGINEERING Amongst the leading EPC player in India undertaking Heavy Civil and Infrastructure projects

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VISION & MISSION

VISION Our aim is a satisfied client, a strong and proactive workforce and quality product finished on time maintaining highest safety standard and to budget

MISSION

To make ITD Cementation India Limited, the country’s leading construction Company in customer choice, quality and safety

Re-certified through TUV Nord under the latest IMS standards ISO 9001:2015 (QMS), ISO 14001:2015 (EMS) and ISO 45001:2018 (OHS-MS)

QMS – Quality Management Systems, OHS – Occupational Health & Safety Management Systems, EMS – Environmental Management Systems

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HISTORY

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1996: :
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1996: : 2000: 1994: Kvaerner ASA acquired Skanska AB acquired Cemindia Company Trafalgar House Plc in Kvaerner Construction Limited renamed as 1996 and changed its Group Limited changed Trafalgar House name to Kvaerner its name to Skanska Construction India Cementation India Cementation India Limited Limited in 1998 Limited in 2001

1978: 1994: 1931: Branch office was converted into India The Cementation subsidiary (named as Company Limited, U.K, Cemindia Company Limited) operated a branch in of The Cementation India. Company Limited Limited

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2004:
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ITD, acquired Skanska AB interest in Skanska Cementation India Limited name changed to ITD Cementation India Limited in 2005

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Expanding Horizons. Delivering Growth

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ITALIAN-THAI DEVELOPMENT PUBLIC COMPANY LIMITED (ITD)

• Amongst the leading Infrastructure & largest construction company in Thailand for over 60 years.

• Received ‘The Royal Seal of Garuda’ in 1985 - Highest and most honorable achievement for civilian Co’s in Thailand

• Total works in Hand : ~Rs. 725,975 million (Construction : ~Rs. 359,575 million)

• Global presence in India, Bangladesh, Lao PDR, the Philippines, Vietnam, Africa etc.

• Access to the latest technology and know-how, international design and engineering as well as skilled personnel to augment our local strength.

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CORPORATE STRUCTURE

ITD Cementation India Limited

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100% 80% 49% 40% 95% 60% 51%
ITD ITD - ITD Cem JV
ITD - ITD Cem JV ITD Cem - Maytas CEC - ITD Cem
CemIndia JV (Consortium of ITD ITD Cem - BBJ JV
Consortium - TPL JV
- ITD Cementation)
Design &
Construction of Construction of Design and construction of Construction of
MRTS and Water MRTS and Water Airport execution of underground bridge over river
Modernisation water conveyor stations & Ganga at
projects projects system tunnels for Allahabad
Mumbai Metro
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100% 80%
49%
ITD Cementation ITD
ITD - ITD Cem JV
Projects India Ltd CemIndia JV
Construction of Construction of
Subsidiary MRTS and Water MRTS and Water
projects projects
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SHAREHOLDING PATTERN (JUNE 30, 2023)

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Bodies
Corporate,
6.2%
Market Cap of over Rs 31,000 million as on August 07, 2023
Promoter,
Individual, 46.6%
Listed in BSE and NSE
29.1%
FII,
13.5% Strong institutional shareholding of ~18% i.e. FII’s and Mutual Funds
Mutual Funds,
4.6%
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Amongst few construction Companies with ‘Zero Pledge’ by promoters

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BOARD OF DIRECTORS

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Chairman

MR. PIYACHAI KARNASUTA

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Independent Director MR. SUNIL SHAH SINGH

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Executive Vice Chairman MR. SANTI JONGKONGKA

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Independent Director MS. JANA CHATRA

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Managing Director MR. JAYANTA BASU

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Independent Director MR. PANKAJ I.C.JAIN

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PERFORMANCE HIGHLIGHTS

REVENUE 67% Rs 18,326 million

Q1 FY24 Rs 18,326 million Key PAT Highlights 73% Rs 523 million

EBITDA 73% Rs 1,744 million NEW ORDERS Rs 2,471 million in Q1 FY24

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STANDALONE FINANCIALS (All figures in Rs million)

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Revenue from Operations (Yearly) Revenue from Operations (Quarterly)
50,000 46,749 20,000 18,000
15,802
40,000
15,000
32,495
11,918
30,000 9,650 9,380
21,420 22,083 10,000
20,000
5,000
10,000
0
0
June'22 Sep'22 Dec'22 Mar'23 June'23
Mar'20 Mar'21 Mar'22 Mar'23
EBITDA (Yearly) EBITDA (Quarterly)
1,711
5,000 4,458 1,800
1,600 1,455
4,000 1,400 964
3,093 1,200 912 1,127
3,000 2,649
1,000
2,134
800
2,000
600
400
1,000
200
0 0
Mar'20 Mar'21 Mar'22 Mar'23 June'22 Sep'22 Dec'22 Mar'23 June'23
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STANDALONE FINANCIALS (All figures in Rs million)

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Profit After Tax (Yearly) Profit After Tax (Quarterly)
1,400 600
1,242 522
1,200 500
1,000 400 366 378
301
800 688
300
600 197
432 200
400
158 100
200
0
0
June'22 Sep'22 Dec'22 Mar'23 June'23
Mar'20 Mar'21 Mar'22 Mar'23
Networth (Yearly) Debt and Debt:Equity (Yearly)
13,000 8,000 7,247 0.8
12,375
12,500 7,000
12,000 6,000 5,151 0.6
11,500 11,312 5,000 3,966 0.6
11,000 10,657 4,000 2,931 0.5 0.4
10,526 3,000 0.4
10,500 2,000 0.3 0.2
10,000 1,000
9,500 0 0.0
Mar'20 Mar'21 Mar'22 Mar'23 Mar'20 Mar'21 Mar'22 Mar'23
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CONSOLIDATED FINANCIALS (All figures in Rs million)

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Revenue from Operations (Yearly) Revenue from Operations (Quarterly)
60,000 20,000 18,326
50,909
16,314
50,000
15,000 13,270
38,090
40,000
10,978
10,347
28,607 27,277
30,000 10,000
20,000
5,000
10,000
0 0
Mar'20 Mar'21 Mar'22 Mar'23 June'22 Sep'22 Dec'22 Mar'23 June'23
EBITDA (Yearly) EBITDA (Quarterly)
5,000 4,628 2,000 1,744
1,474
4,000
3,280 3,379 1,500 1,176
3,000 2,583 1,011
968
1,000
2,000
500
1,000
0 0
Mar'20 Mar'21 Mar'22 Mar'23 June'22 Sep'22 Dec'22 Mar'23 June'23
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CONSOLIDATED FINANCIALS (All figures in Rs million)

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Profit After Tax (Yearly) Profit After Tax (Quarterly)
1,400 1,247 600 523
1,200 500
1,000 400 369 377
302
800 693
300
200
600
438 200
400
160 100
200
0
0
June'22 Sep'22 Dec'22 Mar'23 June'23
Mar'20 Mar'21 Mar'22 Mar'23
Networth (Yearly)
Debt and Debt:Equity (Yearly)
13,000
12,415 8,000 7,247 0.8
12,500
7,000
12,000 6,000 0.6
5,151
11,500 11,347 5,000 4,739 0.6
4,092
11,000 10,687 4,000 0.5 0.4
10,554 3,000 0.4 0.4
10,500
2,000 0.2
10,000
1,000
9,500
0 0.0
Mar'20 Mar'21 Mar'22 Mar'23
Mar'20 Mar'21 Mar'22 Mar'23
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ORDER BOOK ANALYSIS (All figures in Rs million)

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2,50,000
2,00,436
2,00,000 1,85,168
1,55,478
1,50,000
1,17,323
1,17,431
1,00,000
50,000
0
Mar'20 Mar'21 Mar'22 Mar'23 June'23
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• Diversified order book of Rs 1,85,168 million provides multi year revenue visibility

• Secured orders worth Rs 2,471 million in Q1 FY24

• Clientele comprises of Government (46%), PSU (19%) and Private Sector (35%)

• Established presence in India and is currently executing international project in Sri Lanka

• Tamil Nadu (25.4%), Uttar Pradesh (22.8%), Karnataka (12.8%), Delhi (10.4%), West Bengal (9.6%), Maharashtra (5.0%), Sri Lanka (3.9%), Gujarat (3.6%) and Others (6.4%)

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Commitment, Reliability, Quality

ORDER BOOK BREAK-UP AS ON JUNE 30, 2023 (All figures in Rs million)

Project Name	Contract Value (Rs million)	% Order book
Urban Infrastructure, MRTS and Airports	57,413	31.0%
Highway, Bridges and Flyovers	42,272	22.8%
Maritime Structures	32,409	17.5%
Industrial Structures and Buildings	28,708	15.5%
Hydro, Dams, Tunnels and Irrigation	15,151	8.2%
Water and Waste Water	5,548	3.0%
Foundation and Specialist Engineering	3,667	2.0%
Total	1,85,168	100.0%

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URBAN INFRASTRUCTURE, MRTS AND AIRPORTS

Chennai underground metro tunnel boring machine in Tamil Nadu

ORDER BOOK

Rs 57,413 million

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Ahmedabad airport in Gujarat

• Underground tunneling and  Construction of new terminal stations for metros in Chennai, building in Trichy airport, Tamil Nadu

• Bengaluru, Mumbai and Kolkata  Reconstruction of old terminal

• Elevated metro stations in Nagpur, building in Pune airport,

• Bengaluru and Kolkata Maharashtra

• Modification & Refurbishment of

• Surat metro depot building in terminal buildings in Ahmedabad

• Gujarat airport, Gujarat

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HIGHWAYS, BRIDGES AND FLYOVERS

Ganga Expressway six laning road project in Uttar Pradesh

ORDER BOOK Rs 42,272 million

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Steel bridge over river Ganga in Uttar Pradesh

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• Six Laning road project in Uttar Pradesh

• Steel Bridge over river Ganga in Uttar Pradesh

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MARITIME STRUCTURES

Udangudi project in Tamil Nadu

ORDER BOOK

Rs 32,409 million

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Kamarajar Port in Tamil Nadu

• Piers, Landside Tunnels & Building in Karwar, Karnataka

• Udangudi Supercritical Power Project in Tamil Nadu

• Captive Oil Jetty at Kamarajar Port in Tamil Nadu

• West Container Terminal in the Port of Colombo, Sri Lanka

• Wharf and Approach trestle works at JNPT in Maharashtra

• Rubble Mound Breakwater in Vizhinjam Port, Kerala

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INDUSTRIAL STRUCTURE AND BUILDINGS

Circuit bench of Calcutta High Court in West Bengal

ORDER BOOK Rs 28,708 million

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Buildings for Sikkim University in Sikkim

• Redevelopment of Residential colony at Kasturba Nagar in New Delhi

• Construction of buildings for Sikkim University

• Piling and Civil work for Coke Oven Project at Hazira plant, Gujarat

• Circuit bench of Calcutta High Court at Jalpaiguri in West Bengal

• Aerospace museum at AF station in Palam, Delhi

• Thal Sena Bhawan in Delhi

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HYDRO, DAMS, TUNNELS AND IRRIGATION

Sivok Rangpo railway tunnel in Sikkim and West Bengal

ORDER BOOK

Rs 15,151 million

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Churial canal project in West Bengal

• Railway tunnels in West Bengal and Sikkim

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

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WATER AND WASTE WATER | FOUNDATION & SPECIALIST ENGINEERING

Bhama Askhed water project in Maharashtra

WATER AND WASTE WATER

Rs 5,548 million

FOUNDATION AND SPECIALIST ENGINEERING

Rs 3,667 million

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Piling and Ground improvement work in Odisha

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• Water infrastructure project in Karwar, Karnataka  Brahmaputra Riverfront development in Guwahati, Assam

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KEY INVESTMENT HIGHLIGHTS

Experienced Promoters backed by professional management team Robust orderbook of Rs 1,85,168 million – Multi year revenue visibility Diversified order book to minimize risks from slowdown in any business areas Summary Conservatively financed with Net Debt:Equity of 0.49x Strong execution capabilities with proven ability to undertake complex projects and delivering quality as per client satisfaction Strong bidding pipeline to fuel future growth

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Thank You

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