GPT Infraprojects limited — Investor Presentation 2021

Nov 3, 2021

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GPT Infraprojects Limited

Regd. Office : GPT Centre, JC-25, Sector-III, Salt Lake, Kolkata – 700 106, India CIN: L20103WB1980PLC032872 Tel: +91-33-4050-7000 Fax: +91-33-4050-7999 Email: info@gptgroup.co.in Visit us: www.gptinfra.in

GPTINFRA/CS/SE/2021-22 November 03, 2021

The Department of Corporate Services, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001

National Stock Exchange of India Ltd., Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051

Dear Sir/Madam,

Sub. : Investor Presentation- Q2 FY22

Ref.: Scrip Code – 533761, Scrip ID – GPTINFRA

In compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith Investor Presentation for dissemination to general public and Investors.

Kindly take the aforesaid information on record and oblige.

Thanking you,

Yours faithfully,

For GPT Infraprojects Limited,

ANATHA Digitally signed by ANATHA BANDHABA BANDHABA CHAKRABARTTY Date: 2021.11.03 16:31:54 CHAKRABARTTY +05'30'

A B Chakrabartty

(Company Secretary)

Membership No.-F-7184

Encl. a /a.

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Q2FY22 Investors’ Presentation GPT Infraprojects Limited

Safe Harbour

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• This presentation and the accompanying slides (the “Presentation”), which have been prepared by GPT Infraprojects Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contractor binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company

• This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded

• Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guaranteeing of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections

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GPT Infraprojects Limited

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AGENDA

Key Highlights Form The Quarter

About The Company

Detailed Financial Statement Details From Order Book

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1. Key Highlights – H1 FY22

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GPT Infraprojects Limited

Executive Summar y

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Revenue
₹ 245.3 Cr
17.7%
H1FY22 : The pace of order execution continued with renewed
impetus in Q2FY22, while maintaining the profitability.
Profit After Tax
₹ 8.9 Cr
Outlook: The momentum maintained in H1FY22 despite the second
wave, validates our resilient business operations. With current
88.8%
orderbook of ₹ 1732 Cr, we look forward to healthy growth this fiscal.
PAT Margin
• Note: Variance is basis same quarter previous year
3.5%
1.33 bps
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EBITDA
₹ 39.1 Cr
7.0%
EBITDA Margin
15.9%
-1.6 bps
Order Book
Rs. 1732 Cr
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GPT Infraprojects Limited

Business Se ment U date – H1 FY22 g p

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Revenue EBIT Order Book
Healthy Order book at
₹ 197.3 Cr ₹33.7 Cr
₹ 1595 Cr; Order intake of
74% Revenue growth led by 94% Margin expansion of 6% led 92% ₹ 156Cr in H1FY22.
higher execution of large by higher share of large
Execution in Gazipur,
contracts, 16.9% higher contracts and overall cost
Mathura Jhansi going on
than H1FY21. optimization.
well.
₹ 48 Cr
Order book at ₹ 137 Cr.
Our concrete business has
₹ 2.0 Cr
Namibian operations
grown by 21.3% Y-o-Y and Drop of 22.3% EBIT
operating at record high
26% has approximately doubled witnessed Y-o-Y due to
6% 8%
utilization; South African
itself from the previous lockdown in South Africa
operations have started
quarter region
recently
Sleepers
Concrete
Infrastructure
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Number shows the percentage of each portfolio

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GPT Infraprojects Limited

Business Se ment U date g p

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Revenue EBIT
33.7
245.3
31.6
208.0 27.7
197.3 27.5
168.7
133.0 17.9
128.0 16.9
117.0 16.9 15.8 16.1
15.5
106.4
101.6
95.7
48.0
39.6
27.0 15.2 32.8 2.6 2.0
1.3 1.3
0.7
Q2FY21 Q1FY22 Q2FY22 H1FY21 H1FY22 Q2FY21 Q1FY22 Q2FY22 H1FY21 H1FY22
Total Infrastructure Concrete Sleepers Total Infrastructure Concrete Sleepers
The company has marked a 17.7% Y-o-Y growth in H1FY22, with 80% of the
revenue being generated from the infrastructure portfolio. 15% growth in the overall EBIT in H1FY22 for the company, with major
contribution coming from Infrastructure segment.
Infrastructure and Sleeper segment witnessed a growth in revenue of 17% and
21% respectively in H1FY22. The Total EBIT is adjusted for unallocated expenditure net of income
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Figures in ₹ Cr

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GPT Infraprojects Limited

Robust Order Book – ₹ 1 732 Cr as on 30.09.2021 ,

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Healthy Order Book of ₹1,732 Cr, forming 3 times FY21 Revenue provides growth visibility.

Detailed Order Book is in annexure

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GPT Infraprojects Limited

Order Book - Se ment Mix g

Infrastructure

₹ 1595 Cr

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12%
18%
70%
92%
70%
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Roads, Bridges, Airport and highway

Steel Bridges Industrial

Concrete Sleepers

₹ 137 Cr

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5%
38% 8% 57%
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DFCC

Indian Railways

Africa

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GPT Infraprojects Limited

Reducin Old Receivables g

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₹ 49 Cr
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₹ 25 Cr
₹ 20 Cr
₹ 12 Cr
₹ 2 Cr
FY 2019 FY 2020 FY 2021 FY 2022 H1FY 22
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• Year on Year improvement on leverage and liquidity position

• We have been our optimising working capital

• and in addition to pairing old outstanding with various customer.

• Significant reduction of some old outstanding from various customer are in place

• We have reduced our old receivables by ₹ 2 Cr in H1FY22.

• We are expecting to reduce it further this year by another ₹ 6-7 Cr

FY 2022* is the expected number for this year

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GPT Infraprojects Limited

Sectoral U date p

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The total project capital expenditure in infrastructure sectors in ~ India during the fiscals 2020 to 2025 is projected at Rs 102 lakh crore. The sector-wise annual projected capital expenditure is detailed below. During fiscals 2020 to 2025, sectors such as energy (24%), urban (16%), railways (13%) and roads (19%) accounted for ~70% of the projected infrastructure investments in India

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3%
3%
3%
3%
24%
8%
8%
19%
13%
16%
GPT
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Global Competitiveness Index

1. India is currently ranked 70 out of 140 countries for infrastructure quality in global competitive index.

2. On road connectivity (rank 72), significant work is being done under the BharatMala and PMGSY schemes which are expected to deliver gains in trunk and rural connectivity.

3. Similarly, on quality of road infrastructure (rank 48) adoption of standards in the coming years will deliver better results.

4. Efficiency of transport services (Rank 59) requires attention. Use of technology proposed under the National Logistics Policy is expected to deliver results.

Source: National Infrastructure Pipeline - Report of the Task Force

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GPT Infraprojects Limited

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2. About The Company

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GPT Infraprojects Limited

About Us

• GPT Infraprojects Limited is a mid-sized infrastructure construction company

• The Company is focused on projects related to railways roads, power and industrial sectors

• The Company’s operations are spread across three countries

• The Company works with some of the most prominent government companies

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1. INFRASTRUCTURE

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1. CONCRETE SLEEPERS

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GPT Infraprojects Limited

1. Infrastructure

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Roads, bridges & Highways Construction of bridges elevated metro structures and concrete pavement for airports

Railway Tracks Gauge Conversion of railway tracks including earthwork, blanketing and track lining

Business Commenced in 2004

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Steel Bridges Building of mega bridges with super steel structures across varies terrains

Industrial Construction of railway sidings, merry-go-round railways, roads, industrial parks, factories, etc

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GPT Infraprojects Limited

2. Concrete Slee ers p

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One of the first few Manufacturing Also addressing orders
Business Monoblock and pre-
Commenced in 1982 stressed concrete companies in India to capacity of from Bangladesh,
manufacture concrete ~20,00,000 units Mozambique, Sri Lanka
sleepers manufacturer
sleeper across India & Africa any Myanmar
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GPT Infraprojects Limited

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Our Team

Dwarika Prasad Tantia Chairman

• With an experience of over 45 he leads years,

• the Company’s growth initiatives

• Responsible for the Company’s entry into the sleeper business both in India and internationally. He is the Hony. Consul of Ghana in Kolkata

Shree Gopal Tantia Managing Director

• 35 years experience

• in infrastructure

• Possesses strong project execution capabilities and manages the company’s diversified customer relationship

Atul Tantia Executive Director & CFO

• Graduated Magna Cum Laude from Wharton School in Finance and Systems Engineering

• Leads the manufacturing operations, finance and accounts along with managing relationships with banks and financial institutions

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Vaibhav Tantia Director & COO

• Graduated Summa Cum Laude from Wharton School in Finance and Civil Engineering

• Leads the EPC segment including management of projects and business development

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GPT Infraprojects Limited

Our Inde endent Board of Directors p

Kashi Prasad Khandelwal

Shankar Jyoti Deb Independent Director Holds a Bachelor’s degree in Science and Bachelor’s degree in Civil Engineering. Has completed a financial management programme from IIM, Calcutta. Has wide experience in designing, engineering and implementation of civil projects

Mamta Binani

Independent Director

Independent Director A fellow member and holds certificate of practice with the ICSI. Was President of ICSI in 2016 and has more than 15 of in years experience Corporate Consultation & Advisory

Is a fellow member and holds certificate of practice with the ICAI. Has wide on knowledge subjects like Union Budget, Accounting, Corporate Laws, Corporate Governance and Income Tax matters.

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Sunil Patwari

Independent Director

Holds PGDM degree from IIM, Ahmedabad and is an associate member with ICAI. Has wide in the area experience of Business Management, Accounts, Taxation and Finance

Statutory Auditor: MSKA & Associates (BDO) and SN Khetan & Associates

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GPT Infraprojects Limited

Our Clientele

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Railway & PSU

NHAI, State PWD & Other Departments

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Global Customer Base
RICON
(a JV of RITES & IRCON)
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Other Key Customers
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GPT Infraprojects Limited

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3. Detailed Financial Statement

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GPT Infraprojects Limited

Profit & Loss - Standalone

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Particulars (₹ Cr)	Q2FY22	Q2FY21	y-o-y %	Q1FY22	q-o-q %	H1FY22	H1FY21	y-o-y %
Revenue	128.5	133.1	-3.4%	116.8	10.0%	245.3	208.3	17.8%
Other income	1.7	1.2	43.4%	1.0	79.8%	2.7	2.3	15.0%
Net Sales	130.2	134.3	-3.0%	117.8	10.6%	248.0	210.6	17.7%
Operating expenses	110.4	112.9	-2.2%	98.5	12.1%	208.9	174.1	20.0%
EBITDA	19.8	21.4	-7.3%	19.3	3.0%	39.1	36.5	7.0%
EBITDA margin	15.4%	16.1%	-0.6%	16.5%	-1.1%	15.9%	17.5%	-1.6%
Depreciation	3.7	4.5	-18.1%	3.7	-1.0%	7.5	9.0	-17.5%
Interest	9.5	11.1	-14.2%	9.1	5.0%	18.6	20.6	-10.0%
PBT	6.6	5.8	14.5%	6.4	2.4%	13.0	6.9	90.3%
Tax Expenses	2.2	1.9	14.7%	2.2	2.2%	4.4	2.3	93.4%
PAT	4.4	3.8	14.4%	4.3	2.5%	8.7	4.6	88.8%
PAT margin	3.4%	2.9%	0.5%	3.7%	-0.3%	3.5%	2.2%	1.3%

Significant improvement in performance witnessed in H1FY22 compared to same period previous fiscal. Primarily due to better execution, operational efficiencies and drop in depreciation and interest components.

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GPT Infraprojects Limited

Profit & Loss - Consolidated

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Particulars (₹ Cr)	Q2FY22	Q2FY21	y-o-y %	Q1FY22	q-o-q %	H1FY22	H1FY21	y-o-y %
Revenue	128.4	145.5	-11.7%	121.5	5.7%	249.9	226.4	10.4%
Other income	0.6	0.6	-6.6%	1.0	-39.9%	1.5	3.5	-56.4%
Net Sales	129.0	146.1	-11.7%	122.5	5.3%	251.5	229.9	9.4%
Operating expenses	111.9	121.2	-7.7%	102.7	9.0%	214.6	187.2	14.6%
EBITDA	17.1	24.9	-31.4%	19.8	-13.8%	36.9	42.6	-13.5%
EBITDA margin	13.3%	17.0%	-3.7%	16.3%	-3.0%	14.7%	18.6%	-3.9%
Depreciation	5.1	5.8	-12.1%	5.2	-2.3%	10.2	11.5	-11.0%
Interest	9.7	11.3	-14.1%	9.2	5.4%	18.9	21.0	-9.9%
PBT	2.3	7.8	-70.6%	5.4	-57.5%	7.7	10.1	-23.9%
Tax Expenses	1.2	2.4	-47.6%	1.8	-31.0%	3.0	2.8	7.9%
PAT	1.1	5.5	-80.5%	3.6	-70.6%	4.7	7.3	-36.0%
PAT margin	0.8%	3.7%	-2.9%	3.0%	-2.1%	1.9%	3.2%	-1.3%
Share of Associate Profit & Minorities Interest	2.0	-0.3	-925.7%	0.9	122.6%	2.9	-0.4	-775.6%
PAT after Minorities	3.1	5.2	-40.6%	4.5	-13.7%	7.6	6.9	10.7%

Significant improvement in performance witnessed in H1FY22 compared to same period previous fiscal. Marginal dip in PAT Margins primarily due to COVID related lockdown in South African subsidiary location.

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GPT Infraprojects Limited

Balance Sheet - Standalone

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Liabilities (Rs Cr)	Mar’21	Sep’21
Share Capital	29.0	29.0
Reserves	178.8	184.6
Shareholders' Funds	207.9	213.6
Secured Loans	32.3	28.7
Trade payables	10.8	12.9
Other liabilities	19.7	23.2
Long Term Provisions	4.5	4.7
Total Non-Current Liabilities	67.3	69.5
Trade Payables	128.7	133.8
Other Current Liabilities	42.3	35.5
Short Term Borrowings	219.3	214.4
Total Current Liabilities	390.3	383.7
Total Equity & Liabilities	665.5	666.8

Assets (Rs Cr)	Mar’21	Sep’21
Fixed Assets incl. CWIP	73.7	74.5
Investment in JV	24.2	24.2
Other Non Current Assets	97.0	93.7
Total Non-Current Assets	194.9	192.4
Inventories	67.1	84.1
Sundry Debtors	76.7	65.9
Cash and Bank	2.4	2.2
Short term Loans and Advances	1.6	1.5
Other Current Assets	322.8	320.8
Total Current Assets	470.6	474.5
Total Assets	665.5	666.8

The Company has been able to reduce its average cost of debt and improve upon the Current Ratio

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GPT Infraprojects Limited

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4. Details From Order Book

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GPT Infraprojects Limited

Details of Order Book

Key Projects Bagged during FY21 Additional Order Inflow in H1FY22 – ₹156 Cr

Scope of Work	Segment	City/State	Value (Rs Cr)
Construction of Important bridge No. 1367/2 on Yamuna river	Infra	Jhansi, Uttar Pradesh	245.0
Widening of 2-lane with hard shoulder on NH 102B (two orders – section wise)	Infra	Manipur	172.3
Construction of Metro Railway Viaduct	Infra	Kolkata, West Bengal	160.2
Repair and Rehabilitation of 2nd Hooghly Bridge	Infra	Kolkata, West Bengal	161.2
Construction of Superstructure of bridges over River	Infra	Guwahati, Assam	49.3
Supply, fabrication, assembling & erection of new Bridge on Yamuna river	Infra	Agra, Uttar Pradesh	15.4

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Key Projects Under Execution in the Current Fiscal

Scope of Work	Client	Value (Rs Cr)
Infrastructure
Rail-cum-Road bridge in Ghazipur	RVNL	216.8
Steel Structures at Mathura-Jhansi 3rd Line	RVNL	180.2
Construction of ROB and its approaches	PWD	152.4
Rehabilitation of 2nd Hooghly Bridge	HRBC	161.2
Concrete Sleeper
Sleeper for Eastern DFC Project	GMR	98.1
Supply of Concrete Sleepers	Transnet (SA)	124.1

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GPT Infraprojects Limited

Project Sites

Kalpi Project Constructing railway bridge

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Dhaulpur Project

Executed Caissons for Double – D well foundation in a perennial river Condition

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GPT Infraprojects Limited

Our Worksite

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Rail Vikas Nigam Limited - Construction of Roadbed, Viaduct, Major & Minor Bridges, RUBs, Track Linking & General Electrical Works at both approaches of Rail cum Road Bridge at Ghazipur

Superintending Engineer, National Highway Construction - of ROB at Topsi Pandeswar

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Rail Vikas Nigam Limited - Construction of Metro Railway Viaduct including Mominpur Station and Majerhat Station and Ramp at Joka depot end in connection with Joka-Esplanade Metro Railway Project in Kolkata, West Bengal

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GPT Infraprojects Limited

GPT Infraprojects Limited (BSE / NSE CODE: 533761 / GPTINFRA) Atul Tantia atul@gptgroup.co.in

Pooja Agarwal pooja.a@gptgroup.co.in

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Stellar IR Advisors Pvt. Ltd. (Investor Relations) Gaurang Vasani vgaurang@stellar-ir.com Pooja Sharma pooja.sharma@stellar-ir.com

GPT Infraprojects Limited CIN: L20103WB1980PLC032872 GPT Centre, JC-25, Sector-III, Salt Lake, Kolkata-700106, West Bengal +91 33 4050 7000 www.gptinfra.in