Cemindia Projects Limited — Investor Presentation 2024

Nov 7, 2024

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ITD Cementation India Limited

Dept. of Corporate Services – Corporate Relationship, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001.

National Stock Exchange of India Limited, Listing Department, Exchange Plaza, C-1, Block ‘G’ BandraKurla Complex, Bandra (East), Mumbai 400 051.

Date Our Reference No. Our Contact Direct Line 07[th] November, 2024 SEC/11/2024 RAHUL NEOGI 91 22 67680814 rahul.neogi@itdcem.co.in

Dear Sirs,

Sub: Unaudited Financial Results for the quarter and half year ended 30[th] September, 2024 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 (Listing Regulations), enclosed please find presentation on Unaudited Financial Results for the quarter and half year ended 30[th] September, 2024.

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

Rahul Neogi

Digitally signed by Rahul Neogi DN: c=IN, o=Personal, title=6712, pseudonym=AA1033A64D9F053BE262E00B3AA08E8D, 2.5.4.20=d6d0df5445796b87b8d90ab7a54ecb6fa930dd 593fdf12cc80090f398780228b, postalCode=400101, st=Maharashtra, serialNumber=8D2A9ED0DFE2EEF0B6F68C1B48856DD1 03F7E3A97C4B25E6D1B16D812D7260A5, cn=Rahul Neogi Date: 2024.11.07 19:18:10 +05'30'

(RAHUL NEOGI) COMPANY SECRETARY

Encl: as above

ITD Cementation India Limited

Registered & Corporate Office : 9th 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 : L61000M H1978PLC020435

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ITD Cementation India Limited Investor Presentation Q2 FY25 / H1 FY25

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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.

Disclaimer

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 forwardlooking 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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01 Company Overview

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Our History

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Skanska AB
Branch office was Kvaerner ASA acquired ITD, acquired
converted into Cemindia acquired Trafalgar Kvaerner Skanska AB
The Cementation
House Plc. interest in
Company Limited Construction
India subsidiary
Company Limited, (named as renamed as Subsequently, the Group Limited. Skanska
U.K, operated a Cemindia Trafalgar House Company Subsequently, the Cementation India
branch in India
Company Construction changed its Company Limited.
Limited) of The India Limited name to changed its Thereupon, the
Cementation Kvaerner name to Company
Company Limited Cementation Skanska changed its
India Limited name to ITD
Cementation
Cementation
India Limited
India Limited
1931 1994 2001
1978 1998 2005
Over 90 years of rich industry experience
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Italian-Thai Development Public Company Limited (ITD) – Promoter

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

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

• 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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Commitment, Reliability, Quality
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Area of Operations

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URBAN INFRASTRUCTURE, HIGHWAYS, BRIDGES AND
MARITIME STRUCTURES
MRTS AND AIRPORTS FLYOVERS
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• Jetty, Dolphins, Berths &

Wharfs

• Ship lift, Dry Dock, Wet Basin

• Breakwater, Piled approach

• Elevated Metro

• Underground Metro

• Station Buildings and Track work

• Integrated Passenger Terminal

• National Highways

• River Bridges

• Flyovers

• Pre-stressed Box Girders

• Dredging and land reclamation

• Costal erosion protection,

Rock Bund

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Area of Operations

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INDUSTRIAL STRUCTURES HYDRO, DAMS, TUNNELS FOUNDATION AND
WATER AND WASTE WATER
AND BUILDINGS AND IRRIGATION SPECIALIST ENGINEERING
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• Institutional

• Commercial

• Factories & Warehouse

• Industrial

• Dam and Power House

• Tunnels

• Intake structures

• Pressure shafts

• Irrigation Projects

• Micro Tunneling

• Diaphragm Wall

• Ground Improvement • Civil work for Water

• • Rehabilitation work Treatment plant and • Slope Stabilization / Rock Sewerage Plant

• Slope Stabilization / Rock Anchors

• Pipeline for Drainage Project

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Corporate Objectives

OUR 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

OUR MISSION

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

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OUR CORE VALUES

• Our safety, health and quality standards are second to none.

• We are Customer’s delight.

• Employees are our most important asset and working conditions and training must enable them to give their best.

• We strive to ensure timely commencement and completion of projects.

• Plant and machinery are our wealth. We ensure their proper maintenance to prolong productivity.

• We prioritise state-of-the art technology

• Environmental awareness and care for our surroundings in which we live is a part of our business philosophy.

• Our competitive edge is maintained through specialist skills and commitment to both training and R&D.

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

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Commitment, Reliability, Quality

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

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Board of Directors

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Mr. Piyachai Karnasuta Chairman

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Mr. Santi Jongkongka Executive Vice Chairman

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Mr. Jayanta Basu Managing Director

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Ms. Jana Chatra Independent Director

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Mr. Sunil Shah Singh Independent Director

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Mr. Pankaj I.C. Jain Independent Director

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Shareholding Pattern*

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Bodies
Corporate,
3.2%
Individual,
26.9%
Promoter,
46.6%
Mutual
Funds incl. FII,
AIF, 2.3% 21.0%
As on September 30, 2024
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• Market Capitalisation of over Rs 9,300 crore as on November 07, 2024

• Listed on NSE and BSE

• Strong institutional shareholding : over 23.0%

TOP SHAREHOLDERS	% holding
MASSACHUSETTS INSTITUTE OF TECHNOLOGY	3.5%
HITESH RAMJI JAVERI	2.3%
ACADIAN EMERGING MARKETS	1.2%
238 PLAN ASSOCIATES	1.1%

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Robust Financial Performance

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Performance Highlights – Q2 FY25

REVENUE 24% Rs 1,991 crore EBITDA 18% Rs 204 crore PAT 34% Rs 72 crore	REVENUE 24% Rs 1,991 crore EBITDA 18% Rs 204 crore PAT 34% Rs 72 crore
Particulars	Contract Value (Rs crore)*
Construction of residential colony in New Delhi (Phase II) excluding taxes and duties	1,048
Piling Work at JSW, Utkal in Odisha	105
Total	1,153
*Excluding taxes and duties

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Consolidated Financials - Quarterly (Rs crore)

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Revenue
2,381
2,258
2,017 1,991
1,610
Sep'23 Dec'23 Mar'24 Jun'24 Sep'24
EBITDA Profit After Tax
242 237 100
220
204 90
79
173 72
52
Sep'23 Dec'23 Mar'24 Jun'24 Sep'24
Sep'23 Dec'23 Mar'24 Jun'24 Sep'24
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Performance Highlights – H1 FY25
REVENUE EBITDA PAT
27% 27% 63%
Rs 4,372 crore Rs 442 crore Rs 172 crore
Contract Value
Orders secured during the year
(Rs crore)
Construction of multistoried commercial building in Uttar Pradesh 1,641
Construction of residential colony in New Delhi (Phase II) 1,048
Third Berth (Jetty) at Dahej LNG Terminal in Gujarat 917
Piling and Associate works at Mundra 136
Piling Work at JSW, Utkal in Odisha 105
Total 3,847
Excluding taxes and duties
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Consolidated Financials - Yearly (Rs crore)
Revenue
7,718
5,091
4,372
3,809
2,728
Mar'21 Mar'22 Mar'23 Mar'24 H1 FY25
809
EBITDA Profit After Tax
274
463 442 172
338 125
258
69
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Mar'21 Mar'22 Mar'23 Mar'24 H1 FY25
Mar'21 Mar'22 Mar'23 Mar'24 H1 FY25
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Consolidated Financials - Yearly (Rs crore)

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Networth Debt 950
862
1,636 725
1,498
1,242
1,135 515
1,069
409
Mar'21 Mar'22 Mar'23 Mar'24 Sep'24 Mar'21 Mar'22 Mar'23 Mar'24 Sep'24
Gross Debt to Equity
0.58 0.58 0.58
0.45
0.38
Mar'21 Mar'22 Mar'23 Mar'24 H1 FY25
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02 Business Overview

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Robust Order Book (Rs crore)

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20,044 19,918
17,986
15,548
11,732
Mar'21 Mar'22 Mar'23 Mar'24 Sep' 24
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MULTI YEAR REVENUE VISIBILITY ORDERBOOK OF RS 17,986 CRORE

• Secured orders worth ~Rs 3,850 crore in FY25 till date

• Clientele comprises of Government (50%), PSU (11%) and Private Sector (39%)

• Established presence in India with 13 states / 1 union territory and is currently executing project in Sri Lanka and Bangladesh

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Diversified Order Book (Rs crore)

Sectors	Contract Value	% Order book
Maritime Structures	5,834	32.4%
Urban Infrastructure, MRTS and Airports	3,549	19.7%
Industrial Structures and Buildings	3,095	17.2%
Highway, Bridges and Flyovers	2,549	14.2%
Hydro, Dams, Tunnels and Irrigation	1,942	10.8%
Foundation and Specialist Engineering	553	3.1%
Water and Waste Water	464	2.6%
Total	17,986	100.0%

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Maritime Structures

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Major Projects under execution	Major Projects under execution	Rs 5,834 crore
 Marine project in Bangladesh	 West Container Terminal in the Port of Colombo, Sri Lanka
 Balance Outer Harbour Works in Andhra Pradesh	 Piers, Landside Tunnels & Building in Karwar, Karnataka
 Udangudi project in Tamil Nadu	 Wharf and Approach trestle works at JNPT in Maharashtra
 Captive Oil Jetty at Kamarajar Port in Tamil Nadu	 Third Berth (Jetty) at Dahej LNG Terminal in Gujarat

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Urban Infrastructure, MRTS and Airports

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Major Projects under execution

• Underground tunneling and stations for metros in Chennai, Bengaluru, Mumbai and Kolkata

• Elevated metro stations and buildings in Kolkata

• Depot metro building in Surat

• Modification & Refurbishment of terminal buildings in Ahmedabad airport

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Rs
3,549
crore
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Industrial Structures and Buildings

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Major Projects under execution

• Redevelopment of Residential colony at Kasturba Nagar in New Delhi – PH I and PH II

• Thal Sena Bhawan in Delhi

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

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

• Aerospace museum at AF station in Palam, Delhi

• Construction of buildings for Sikkim University

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Rs
3,095
crore
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Highways, Bridges and Flyovers

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Rs
2,549
crore
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Major Projects under execution

• Six laning road project in Uttar Pradesh

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Hydro, Dams, Tunnels and Irrigation

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Major Projects under execution

• Railway tunnels in West Bengal and Sikkim

• Civil & Hydro-Mechanical Works of 500 MW Hydel Power, Pumped Storage Project in Andhra Pradesh

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

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Rs
1,942
crore
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Water and Waste Water | Foundation & Specialist Engineering

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Major Projects under execution Rs Rs
Major Projects under execution
 Water infrastructure project in Karwar, 464  553
Brahmaputra Riverfront development in
Karnataka
Guwahati, Assam
crore crore
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03

CSR Awards & Recognition

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Corporate Social Responsibility

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Vocational training centre

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Cancer and Cataract surgeries

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Digital classroom initiatives

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Residential buildings for persons with Toilet for school children in village Autism

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Awards & Recognition

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Contact Information

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Corporate Office: Prima Bay, 9th Floor, Tower-B, Gate No. 5, Saki-Vihar Road, Powai, Mumbai - 400072

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Phone: +91 22 66931600

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Fax : +91 22 66931628

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www.itdcem.co.in

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investors.relation@itdcem.co.in

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