Power Mech Projects Limited — Investor Presentation 2021

Jun 19, 2021

==> picture [310 x 202] intentionally omitted <==

==> picture [342 x 202] intentionally omitted <==

==> picture [310 x 203] intentionally omitted <==

==> picture [152 x 141] intentionally omitted <==

Power Mech Projects Limited Investors Presentation – June 2021

==> picture [310 x 203] intentionally omitted <==

==> picture [310 x 202] intentionally omitted <==

==> picture [342 x 202] intentionally omitted <==

Safe Harbor

==> picture [68 x 78] intentionally omitted <==

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Power Mech Projects 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 contract or 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 guarantees 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.

2

Power Mech at a Glance

==> picture [68 x 78] intentionally omitted <==

A leading Industrial Services and Construction Company providing versatile and comprehensive service in power and infrastructure sector

Established in 1999 by Mr. S. Kishore Babu, Largest O&M service provider in India, 110 a technocrat and first-generation On-going projects including 42 AMCs and 10 entrepreneur overseas projects Strategic foray into Railway, Rural Presently Operates Pan-India with Electrification, Water Projects and Cross International operations spread across Middle Country Pipelines projects along with East, North Africa, South Asia and Africa diversification into material handling & associated works leading to widening focus from Power to Non-Power sectors

Largest O&M service provider in India, 110 On-going projects including 42 AMCs and 10 overseas projects

3

Mission & Vision

==> picture [188 x 391] intentionally omitted <==

Mission

To be the best and most competitive industrial and infrastructure engineering, construction & services Company.

Vision

To provide services with:

• Highest level of workmanship, exemplary speed by continuously enhancing organizational skills through innovation & teamwork.

• Highest level of professionalism, integrity, honesty, and fairness in our relationship with our stakeholders and employees.

• Remarkable planning & optimization of resources in the pursuit of excellence.

==> picture [68 x 78] intentionally omitted <==

4

Journey of 3 decades

First Decade

Second Decade

Third Decade of Marching Forward

==> picture [68 x 78] intentionally omitted <==

• Power Mech story began in 1999

• Marked by determined efforts to gain market entry into various elements of India’s power sector.

• Accelerated progress at an impressive pace and accomplished several milestones in Erection, Testing and Commissioning (ETC) and Maintenance of thermal plants

• Became ‘service provider of choice’ for large customer base and registered a revenue of Rs. 1,000 Crores in FY14

• Increase in scope resulted in doubling revenue - crossing Rs. 2,000 Crores in FY 2019

• Wide-ranging service portfolio encompassed:

• Extension of ETC services to the non-power sector

• Diversification - Civil & Structural works of power plants

• Major breakthroughs into high-performance super-critical thermal units, quickly followed by:

• Entry into exports business

• Expanding service offerings to infrastructure sector, petrochemicals, steel plants, industrial technology parks and railway works

• Growing expertise in O&M services led to the Company to become the largest O&M player in the Country

• Non-power sector key for growth with investments of Rs. 111 Lakh Crores planned as part of National Infrastructure Pipeline (NIP)

• Transforming with backward integration & gradual transformation to comprehensive service provider. Engineering & project solutions for higher value addition.

• Expansion to new areas in Railways, Roads, Electrical, Steel Plant works, Material Handling works, Oil & Gas sector across the value chain, new plants for capacity addition, Cross Country Pipelines, Urban Infrastructure projects, etc.

• Focus on heavy steel fabrication works with investments planned to reduce site costs and better and faster delivery

• Better utilization of NOIDA unit for expanded spares business & product offering for industrial application

• O&M is a key driver & aimed to double in 5 years by expanding in power sector, captive sector, and greater penetration into non-power sector both in domestic and international market

• Deploying IT enabled services for better utilization of manpower & productivity improvement measures on site

Diversification into Non-Power Business

Power Focus

==> picture [213 x 102] intentionally omitted <==

Growth of Non-Power including Infrastructure

5

Major milestones and achievements

==> picture [68 x 78] intentionally omitted <==

• Entered Oman, Saudi Arabia, Bahrain & Nigeria

==> picture [115 x 132] intentionally omitted <==

----- Start of picture text -----

1999
----- End of picture text -----

• First ETC of 1 X 63 Tph and 2 X 165 Tph AFBC Boilers, 20.85 MW & 55 MW, Raigarh, BHEL

• First AMC of 655 MW

• Combined Cycle Dual Fuel IPP Power Plant, Paguthan, GPEC

• Major orders in Super Critical Projects, Erection, Structural Fabrication work, Sepco, Adani, BGR, CLP

• First major Civil Work 2X 520 MW, (Vizag, HNPCL), BHEL

• Entry in Industrial Sector Mechanical & Piping work in Refineries (Dahej,

• 2007-09 ONGC & Paradeep, IOCL)

• First major Erection of Gas Turbine & Civil Work, 4X100 MW, Yemen, Marib, BHEL

==> picture [72 x 59] intentionally omitted <==

• Hydro Power O&M & Mini EPC

==> picture [61 x 13] intentionally omitted <==

----- Start of picture text -----

2014-16
----- End of picture text -----

==> picture [74 x 60] intentionally omitted <==

• First O&M project (Public Sector)- Singareni Collieries

• Completed international projects at Shuqaiq, KSA & Bheramara, Bangladesh

• Prestigious project Infra Development, Med Tech Zone, A.P

• Diversification - iron ore material handling & associated works

• Entry into cross country laying of pipelines

• Strategic foray into Railway, Roads, Rural Electrification, Irrigation, Water Projects, Mining Development & Operations (MDO)

==> picture [923 x 35] intentionally omitted <==

• Incorporation of the Company

• Foray in Power Sector Business

==> picture [74 x 60] intentionally omitted <==

• Private Equity into Power Mech

• First major international work in Libya, 2X157 MW Erection of 2 Gas Turbines, BHEL

• 2002-04 • First ETC of 1X500 MW Boiler & Auxiliaries, Mejia, BHEL

• Erection of Structural, Steam Generator & Auxiliaries of 3 Boilers for India’s two UMPP

==> picture [114 x 139] intentionally omitted <==

----- Start of picture text -----

2010-12
----- End of picture text -----

• Listing in BSE & NSE, subscribed by 38 times

==> picture [73 x 59] intentionally omitted <==

• Major O&M of 4X600 MW at Jharsuguda, Vedanta

• Started manufacturing facility at 2017-21

• Noida

• Entry in Steel Sector, Erection & Fabrication work

• MTPA & 2.7 MTPA, Nagarnar (NMDC) & Angul (JSPL)

• First FGD Work 500 MW, Vindhyachal, GE

6

Established Track Record

4 lakhs m[3]

1.75 Lakhs MT

24 lakhs MT

Erection works executed till now

Earth work completed under Railway Project

Structural fabrication works completed

1.5 Mn sq.ft.

21

400 Kms Execution of Natural Gas Cross Country Pipeline 5.5L inch mts

Completed Infrastructure development work related to Medical Technology Park in just 12 months at Vizag, AP

number of super critical power projects where we executed ETC-BTG projects

2

64,000 MW

Ultra Mega Power Projects of piping and 3.0L inch Dia of 5X800MW - Mundra UMPP welding of various materials at & 6X660MW - Sasan UMPP single project, Dangote, Nigeria commissioned

engaged in capacity addition of BTG and BOP works so far

64 & 98

1.2 lakhs MT

40

Power Projects – Operation & Boiler Units and TG units Maintenance across the country respectively upto 800 MW capacity commissioned

of Erection and 3.5 lakhs m3 concrete work, Maitree Bangladesh (ongoing)

==> picture [68 x 78] intentionally omitted <==

36.74 kms

300

Railway track doubling In-house Cranes & other works at Vijaywadaconstruction equipment’s for Gudiwada completed effective mobilization

400+ TKM

65,000 MW

engaged in aggregate unit Commissioned Over-Head capacity of the O&M & AMC Electrification works

5 lakhs m[3]

6,258 MW

Commissioned in Overseas Concreting works carried out Market at various projects

33 KV Lines

1.5 lakhs MT

& 33/11 KV Substations under the DDUGJY completed before schedule

of Erection and 3.5 lakhs m3 concrete work, Yadadri Telangana (ongoing)

7

Business Overview

==> picture [68 x 78] intentionally omitted <==

Industrial Services (O&M)

Provide comprehensive & integrated Operation & Maintenance (O&M) services in mechanical, electrical & C&I front under one roof. Overhauling and Maintenance of Boiler, Turbine & Auxiliaries, R&M of BTG, GTG, CHP, BOP.

Repair, Modification and Rehabilitation of Boiler. Revival and Life Extension.

Industrial Construction

Trouble Shooting, Upgrade & Retrofits, Rebuilds & Plant Relocation and Expanding O&M business into non power including refinery, petrochemical, steel etc.

Infrastructure Construction

Erection, Testing & Commissioning (ETC) of projects in Power, Nuclear, Refinery, Petro Chemicals, Cement, Oil & Gas, Steel, Minerals, coal-based power plants with BTG & BOP works with unit capacities 150 MW to 800 MW including Steam Generators, Auxiliaries, Critical Piping, LP, HP Piping, Structural Steel, Coal Handling Plant, Ash Handling, Cooling Water System, Fuel Oil System, ESP Ducts, FGD & SCR.

Foundation, Decks, Industrial Buildings, Chimney & Cooling Towers. Geothermal Soil Exploration, Mass Excavation, Area Grading, Land Development, Bored Cast & Driven Cast Piping.

Water, Road & Canal Works. Railway Track Linking, EWE and Permanent Way Linking, Minor & Major Bridges

Integrated services to Power Project and Non-Power Projects. Headways towards Cross Country Pipelines, Steel Plant Construction works & Petrochemical segment.

Hydro Power & Water

Overseas Business

Erection, Testing & Commissioning of Oil-fired Boiler, HRSG, Reserve/Auxiliary Boiler, BOP, Steam Turbine Generators & Auxiliaries, Gas Turbine Generators & Auxiliaries. Combined Cycle Power Piping, LP & HP Piping, High Pressure Piping, Structural Steel, Cooling Water System, Fuel Oil System. ESP, Ducts, SCR, Rotating Equipment‘s Erection works for Desalination Plants.

O&M of Power Plants & Desalination Plants

Electrical Transmission & Distribution

Extra High Voltage Substation Works, Optical Fiber Networks, OHE, S&T.

Construction of 33/11 Kv Substations. Strengthening of existing Substations. Construction of 33 Kv & 11 Kv Lines, Construction of Transmission of Lines

==> picture [105 x 109] intentionally omitted <==

----- Start of picture text -----

Strategic
Business
Units
----- End of picture text -----

Supply & construction of Hydro power plants. Renovation & modernization. AMC & O&M, after sales services, spares management, RLA Study, LTSA.

Trouble shooting of chronic problems by providing value added technical solutions in Electromechanical and Hydro-mechanical fields.

EPC of mini hydro projects. Construction of sewage treatment plant(STP’s), Water Treatment Plants including their networking on EPC basis & Water Systems.

Manufacturing & Heavy Fabrication

Advanced manufacturing and machining facilities at Noida for entire range of services needed for Power and Non-Power sector.

Fabrication of Heavy Structures, Large & High-Pressure Tanks, Heavy Trusses, Ducts, Pipes. Repair of Steam & Hydro Turbines

Tie-up with Major OEM Companies for authorized production of critical & general spares

Reverse Engineering of spares

8

Growth O ortunities pp

Industrial Construction

• Dominant role in ETC business of new projects in pipeline of about 8,000 MW in coalbased plants.

• Focusing on new projects at Buxar 1,320 MW, Khurja 1,320 MW, Yadadri 4,000 MW

• New expansion in steel plant capacity of JSW at Vijayanagar, Dolvi, Monnet Ispat, Mineral & Coal handling facilities coming with NMDC, CIL, Adani etc.

• FGD retrofits with major investments being implemented by NTPC and other utilities

• New investments in oil & gas sector of Rs. 1.95 lakh Crores being planned to cover all aspects in this sector

Industrial Services

• Outsourcing of O&M works from State & Central Sector under PSUs & State utilities

==> picture [68 x 78] intentionally omitted <==

Infrastructure Construction

• Focusing on available new power plants opportunities of 8,000 MW of civil works

• Ongoing investments of Rs. 1.6 lakh Crores in capacity expansion in segments of railway works

• Huge investments in various infra works of NIP plan under implementation for next 5 years

• New investments in development of airports with investment of Rs. 300 Crores to Rs. 1,000 Crores for air augmenting connectivity each district centers

• Exploring the opportunities for EPC works in material handling works with civil works forming part of major scope

• Technology parks, warehouses, large factory buildings etc.

Overseas Business

• Opportunities in power sector by approaching the end-users or OEM companies adding up to capacity addition of 4,000 MW

• Enhancing presence in Utility & expanding in Captive Power

• A breakthrough foray into the State sector, NTPC, KPCL, SCCL, NMDC etc, has enabled to expand its presence

• Focus on investments planned in power sector for enhancing capacity addition to 412 GW by 2025. Implementation of this plan needs to factor the present lower oil revenues and the Covid -19 pandemic affecting oil production

• Rehab and R&M works of old thermal and gas power plants

• Backward integration & manufacturing of spare parts

• Increasing the footprint of O&M business in the export sector

• Expand O&M business into the non-power sector related to Refinery, Petrochemicals, Steel etc.

• GCC economies account for more than 40% of the world’s water desalination capacity, we believe in suitably fitting in and meeting the critical needs of GCC and focus in the field of installation, testing, commissioning and O&M of the desalination plant

• Bangladesh has plans for augmenting its power generation capacity from the present 21,000 MW to 31,000 MW by 2030

9

Growth O ortunities pp

Electrical Transmission & Distribution

• Rs. 2.86 lakh Crores schemes aimed at ensuring continuous power supply to all residents involves adopting models such as privatizing state-run power distribution companies and having multiple supply, network and distribution franchisees Central Government’s plan for India’s reducing electricity losses to <12%

• Negating tariff gaps and having prepaid smart metering across the power distribution chain. The Government of India plans to convert all the electricity meters into smart prepaid meters

==> picture [68 x 78] intentionally omitted <==

Hydro Power & Water

• Opportunities of around Rs. 9.25 Billion in Electro-Mechanical packages, Rs. 22.86 Billion in EPC packages of small units, across segments of Hydro Business in the next 4 years

• Major R&M jobs in the old hydro plants and about 16 projects have been identified involving installed capacity of 1,877 MW in the next 5 years

• At present still 65% of the Urban needs have to be brought under the STP scheme and this has thrown up huge opportunities across the Country

• Railways to implement the up-gradation of infrastructure to operate highspeed trains and further a target of 7,000 km electrification has been set as part of the modernization of broad-gauge track network

Manufacturing & Heavy Fabrication

• Rehab works coming up in hydro sector for plant up gradation involving the replacement of major parts for the hydro-mechanical works

• Reverse engineered spares for the thermal power plants based on the maintenance inputs of plant operation under the control of the Company

• Working with the major manufacturing and engineering companies for providing as part of supply chain line for components and products

• Away site fabrication input for the manufacture of structural items needed for steel plants, power plants, industrial projects

10

02

04 05

06 07

Ke Drivers for Growth y

Impressive progress in the Steel, Petrochemical, Irrigation sectors. Going forward, there will be a healthy competition between these segments for superior showing in revenue shares of the Company.

These segments shall become independent entities for compulsive and competitive survival. New ventures will shoulder the Company and progress at the same time.

Further expansion to business related to Railways, Roads, Steel Plant works, Material Handling works, Oil and Gas sector, Cross Country Pipelines, Urban Infrastructure projects is on the anvil. O&M will continue to be our key driver, doubling in the next 4 to 5 years.

01

03

==> picture [68 x 78] intentionally omitted <==

Non-power sector is the key for charting the Company’s growth in view of huge investments planned as part of National Infrastructure Pipeline (NIP) worth Rs. 111 lakh Crores in the next 5 to 6 years by the Government of India. Transforming the Company into an engineering and manufacturing base with backward integration will be our priority to bring in value addition, higher revenue and profitability.

Apart from O&M, increased penetration into the domestic sector of IPP base, Utilities of Central and State, Captive Thermal power base, integrating the spares business through in-house manufacturing and to make concerted efforts for more penetration into the non-power sector is strategically planned.

The Company has strongly established its presence in the Middle East and Africa, undertaking ETC projects. In the last 2 years, the Company has also established its presence in the O&M space in the Middle East and North Africa.

Efforts have been focussed on entering into the EPC business related to turnkey material handling contracts in Power, Minerals, Coal and other sectors.

Another potential opportunity is in the Roads and Airports segment. Road network expansion is taking place at breakneck speed, and there are opportunities available for choosing.

==> picture [58 x 80] intentionally omitted <==

----- Start of picture text -----

08
----- End of picture text -----

Capitalize on new growth avenues like water supply pipeline construction backed by Government initiatives like Har Ghar Jal and Jal Jeevan Mission

11

Company’s Strengths

==> picture [64 x 68] intentionally omitted <==

==> picture [65 x 68] intentionally omitted <==

Comprehensive service provider in Power and Non-Power Sector

==> picture [64 x 69] intentionally omitted <==

==> picture [65 x 69] intentionally omitted <==

Largest service provider in O&M space with backward and forward integration

==> picture [64 x 68] intentionally omitted <==

==> picture [65 x 69] intentionally omitted <==

Well diversified business profile with stable revenue and margins Robust Financials

==> picture [64 x 69] intentionally omitted <==

==> picture [65 x 68] intentionally omitted <==

Huge Asset Base with over 300 cranes and other construction equipment’s

Strong supply chain service support for effective project execution

Large talent pool with experienced Management team with strong industry background

Strong execution capabilities across verticals & cross functional approach for diversification

==> picture [64 x 68] intentionally omitted <==

==> picture [64 x 69] intentionally omitted <==

==> picture [64 x 68] intentionally omitted <==

==> picture [64 x 69] intentionally omitted <==

==> picture [68 x 78] intentionally omitted <==

Very strong cross functional teams across Business Development, Operations, Finance, Execution, Project and Construction Management

Marquee clientele: Long term relationships with major OEM, EPC players and Utility Companies

Project handling capabilities across the globe

Qualified Independent Board & Good Corporate Governance

12

Project Management Infrastructure

==> picture [68 x 78] intentionally omitted <==

==> picture [751 x 393] intentionally omitted <==

----- Start of picture text -----

Primavera, MS Project
Large construction Application & Integrated Project
equipment base Management Approach
10,645 HR Base
Engineers, Supervisors,
SAP Site level, Support
Technicians, HSE, FQA
functions Productivity Other Staff
Capability Centres, Construction, Quality, SBU Heads for Project
Safety, Facility Engineering & Supply Responsibility
Chain Management
----- End of picture text -----

13

Business Strategy

Expanding the services footprint & leveraging technical expertise to target higher margin contracts

==> picture [68 x 78] intentionally omitted <==

Backward and Has been at core for business consolidation and growth, forward & this motto continues to drive integration future endeavours In domestic sector of IPP base, Utility sector Expanding O&M of Central & State utilities, Captive Thermal profile and increased power, & integrating the spares business penetration EPC contracts in infra segment in Railway, Roads, Urban Identifying feasible Infra Development, Energy, and rewarding Transmission and Distribution Existing ETC capabilities into non-power Entering value sector for increased business growth in added services metal, steel, minerals, petrochemicals etc. by synergizing Continued efforts to foray into FGD retrofit investments Tie-ups taking place with suitable tie-ups with EPC players & technology providers With EPC opportunities available in material To integrate handling jobs using the strong Civil and ETC construction base already established for improved capabilities Better utilization of assets, HR & capital for improved growth Enhancing project asset turnover, & strengthening execution capabilities IT infra for real time project execution & delivery & timely execution of projects. In export space & consolidation of business in Further Middle East, Africa, Bangladesh for new geographical investments in petrochemicals, refineries, expansion desalination plants

14

Ex ansion of O&M into other sectors and horizons p

Expanding of O&M service into other sectors & new horizons - O&M (AMC, R&M, Troubleshooting)

==> picture [720 x 408] intentionally omitted <==

----- Start of picture text -----

Thermal (Domestic)
Fully & Gas Power
Developed
Partially
Developed
To be Steel
Developed Exports (Thermal)
Refinery & Petro
Ports
Chemicals
O&M
Hydro
(AMC, R&M, Captive Power
Troubleshooting)
----- End of picture text -----

==> picture [34 x 109] intentionally omitted <==

==> picture [68 x 78] intentionally omitted <==

15

Global Foot rint p

==> picture [799 x 428] intentionally omitted <==

==> picture [68 x 78] intentionally omitted <==

16

Domestic Clients

==> picture [68 x 78] intentionally omitted <==

Established Relationships with Clients – Domestic Projects

==> picture [91 x 43] intentionally omitted <==

==> picture [91 x 81] intentionally omitted <==

==> picture [85 x 43] intentionally omitted <==

==> picture [108 x 51] intentionally omitted <==

==> picture [79 x 43] intentionally omitted <==

==> picture [85 x 43] intentionally omitted <==

==> picture [85 x 37] intentionally omitted <==

==> picture [114 x 57] intentionally omitted <==

==> picture [61 x 69] intentionally omitted <==

==> picture [170 x 59] intentionally omitted <==

==> picture [113 x 47] intentionally omitted <==

==> picture [98 x 55] intentionally omitted <==

==> picture [114 x 82] intentionally omitted <==

==> picture [109 x 43] intentionally omitted <==

==> picture [91 x 43] intentionally omitted <==

==> picture [114 x 41] intentionally omitted <==

==> picture [61 x 61] intentionally omitted <==

==> picture [55 x 49] intentionally omitted <==

==> picture [103 x 43] intentionally omitted <==

==> picture [73 x 55] intentionally omitted <==

==> picture [81 x 50] intentionally omitted <==

==> picture [86 x 32] intentionally omitted <==

==> picture [72 x 76] intentionally omitted <==

==> picture [134 x 50] intentionally omitted <==

==> picture [103 x 55] intentionally omitted <==

==> picture [130 x 61] intentionally omitted <==

==> picture [110 x 18] intentionally omitted <==

----- Start of picture text -----

Central Organization for
Railway Electrification (CORE)
----- End of picture text -----

17

International Clients

==> picture [68 x 78] intentionally omitted <==

Established Relationships with Clients – International Projects

==> picture [81 x 82] intentionally omitted <==

==> picture [76 x 39] intentionally omitted <==

==> picture [115 x 25] intentionally omitted <==

==> picture [103 x 68] intentionally omitted <==

==> picture [97 x 47] intentionally omitted <==

==> picture [134 x 50] intentionally omitted <==

==> picture [97 x 35] intentionally omitted <==

==> picture [104 x 25] intentionally omitted <==

==> picture [115 x 37] intentionally omitted <==

==> picture [109 x 61] intentionally omitted <==

==> picture [102 x 37] intentionally omitted <==

==> picture [55 x 55] intentionally omitted <==

==> picture [64 x 29] intentionally omitted <==

==> picture [139 x 36] intentionally omitted <==

==> picture [123 x 31] intentionally omitted <==

==> picture [93 x 29] intentionally omitted <==

==> picture [119 x 68] intentionally omitted <==

==> picture [149 x 31] intentionally omitted <==

==> picture [109 x 32] intentionally omitted <==

==> picture [115 x 37] intentionally omitted <==

==> picture [91 x 43] intentionally omitted <==

==> picture [97 x 49] intentionally omitted <==

==> picture [109 x 31] intentionally omitted <==

==> picture [55 x 20] intentionally omitted <==

==> picture [97 x 97] intentionally omitted <==

18

Board of Directors

==> picture [102 x 97] intentionally omitted <==

Sajja Kishore Babu, CMD

Founder of the company holds bachelor’s degree in Mechanical Engineering. He has 35 years of experience in power and infra sector. He is an able administrator and Dynamic Leader, and he also serves the board of subsidiary & JVs

==> picture [102 x 97] intentionally omitted <==

Vivek Paranjpe, Independent Director

B. Sc (Honors), post graduated from XLRI, over 40 years of experience, served as Group President of RIL. Currently Strategic HR advisor to RIL and Independent Director, Motilal Oswal Fin. Services

==> picture [102 x 97] intentionally omitted <==

M Rajiv Kumar, Non-Executive Director

Graduate in electrical engineering, he spent his entire career of 38 years in BHEL, rising to the level of Executive Director, Power Sector, Eastern Region

==> picture [113 x 97] intentionally omitted <==

Sajja Lakshmi, Non-Executive Director

==> picture [101 x 88] intentionally omitted <==

She is a science graduate and holds place in HR management of the company & also member of CSR committee of the company. She is interested in social service activities offering her time and energy Enthusiastically

GDV Prasada Rao, Independent Director

==> picture [108 x 97] intentionally omitted <==

M.E(Chem), retired as a GM in Andhra Bank after ~28 years, currently VP of HEAL, an NGO working with orphans & poor children

T. Sankaralingam, Independent Director

==> picture [113 x 97] intentionally omitted <==

B.E(Elec), around 40 years of experience in the power sector, served as CMD of NTPC and MD of BGR Energy in the past. Also worked at BHEL

Lasya. Y, Independent Director

Post Graduate in Management from ISB, MS in Electrical engineering from university of Texas. She has 15 years of experience in IT Project Management and delivery , client engagement

==> picture [68 x 78] intentionally omitted <==

19

==> picture [68 x 78] intentionally omitted <==

Professional and Ex erienced Mana ement p g

==> picture [126 x 139] intentionally omitted <==

M. Rajendran, COO

S Kodandaramaiah, Director – Business Development

Degree in Civil Engineering. He has more than 38 years of experience in construction & project management in power & industrial sector. He was associated with BHEL.

Post-Graduate in mechanical engineering. More than 4 decades of experience in power and industry sector related to EPC, Construction, project management, Business Development. Worked in BHEL, GE.

==> picture [126 x 136] intentionally omitted <==

Janardhan Kar, Chief Technical Advisor

G. Srinivasulu – Executive Director (Non-Board)

Rich experience of more than 40 years in the field of Power Sector. He was associated with NTPC & Chhattisgarh State Power Generation Co.

Has more than three decades of rich experience in the Power Sector dealing in Project & Construction Management, Erection & Commissioning.

S Amarnath: Executive Director (Non-Board)

Arbind Koul, MD Hydro Magus Pvt. Ltd

Diploma in Civil Engineering with 35 years of experience in Power and Industrial Construction. Previously he was associated with Indwell Constructions.

38 years of experience in installing, maintaining, and repairing Hydro Generators and Hydro Turbines. He was associated with BHEL and BC Hydro British Columbia, Canada.

==> picture [124 x 136] intentionally omitted <==

J. Satish , CFO

K Ajay Kumar, Sr.VP – O&M

MBA, Chartered Accountant by Profession. He has got more than 20 years of experience in the field of Finance & Accounts. He has worked with PWC, Deloitte, Kerzner International, Indu Projects & Emaar.

BE Mechanical, he has more than 23 years of experience in Operation & Maintenance, Business Development. Previously he was associated with Indwell Constructions.

==> picture [128 x 97] intentionally omitted <==

Anantha Reddy, VP- Electrical T&D

Biswajit Das - VP – O&M

B Sc Engineering (Electrical). With more than 30 years of experience in erection, commissioning and maintenance of large power plants. He was with Lanco Infratech .

MBA in Project Mgmt, B.E.E. (AMIE) Kolkata & Diploma in Electrical Engg. 28 Years of Experience in Business Devt., Project Management & Site Execution of T&D .

20

Ownership Summary

Shareholding Pattern

==> picture [393 x 378] intentionally omitted <==

----- Start of picture text -----

0.65
0.80
5.41
2.92
0.36
11.41
7.21%
14.74
63.70
Promoters Resident Individuals Mutual Funds
AIFs FP-Corp Bodies Corporate
NRI Others
----- End of picture text -----

==> picture [68 x 78] intentionally omitted <==

Key Shareholders

S No	Name	Shares	Category	Percentage
1	Promoters & Family	93,71,648	Promoter	63.70%
2	HDFC Mutual Fund	13,23,126	MUT	8.99%
3	Banyan Tree Growth Capital II LLC	3,56,051	FPC	2.42%
4	IDFC Mutual Fund	3,55,640	MUT	2.42%
5	Virajitha Investment and Finance Limited	1,37,405	LTD	0.93%
6	Bekem Infra Projects Private Limited	1,23,318	LTD	0.84%
7	Accolite Software India Private Limited	1,13,013	LTD	0.77%
8	Aequitas Investment Consultancy Private Limited	75,545	LTD	0.51%
9	First Water Fund	68,000	FPC	0.46%
10	NRI Vantage Equity Fund	27,281	AIF	0.19%

21

==> picture [68 x 78] intentionally omitted <==

Financial Performance

==> picture [140 x 160] intentionally omitted <==

Quarterly Performance Analysis

Total Revenue Mix (Rs. Crores)

EBITDA (Rs. Crores) & EBIDTA Margin

==> picture [68 x 78] intentionally omitted <==

==> picture [480 x 355] intentionally omitted <==

----- Start of picture text -----

760
166
518
133
329
347
276
88 184
60
101
74
223
171
120 146
Erection Works 2 20 2 11 11 19 6 36
Civil Works
Q1FY21 Q2FY21 Q3FY21 Q4FY21
O&M
Total Revenue Mix (%)
Electrical
Others
22% 25% 26% 22%
27%
29%
35% 43%
44%
42% 33% 29%
1% 7% 1% 3% 2% 4% 1% 5%
Q1FY21 Q2FY21 Q3FY21 Q4FY21
----- End of picture text -----*

==> picture [398 x 351] intentionally omitted <==

----- Start of picture text -----

10.4%
6.1%
79
31
-12
-4.3% -40
-11.6%
Q1FY21 Q2FY21 Q3FY21 Q4FY21
PAT (Rs. Crores) & PAT Margin
4.7%
0.6%
36
3
-33
-52
-11.8%
-14.9%
Q1FY21 Q2FY21 Q3FY21 Q4FY21
----- End of picture text -----

Due to Covid-19, the figures do not represent normal quarter/operations and are not strictly comparable with last year or preceding quarter

*High Margin Service Segment; ** PAT after Minority Interest

23

FY21 Performance

==> picture [68 x 78] intentionally omitted <==

==> picture [770 x 403] intentionally omitted <==

----- Start of picture text -----

Total Revenue Mix (Rs. Crores) EBITDA (Rs. Crores)
2,174
300 280
1,900
749 250
446
200
617 687 150
100
58
647 661
50
Erection Works 14 147 20 86 0
FY20 FY21
Civil Works
FY20 FY21
O&M
Total Revenue Mix (%) PAT (Rs. Crores)
Electrical
Others 150
131
23%
34%
100
36%
28%
50
-46
30% 35% 0
7% 5%
1% 1%
-50
FY20 FY21 FY20 FY21
----- End of picture text -----*

Due to Covid-19, the figures do not represent normal quarter/operations and are not strictly comparable with last year or preceding quarter

*High Margin Service Segment; ** PAT after Minority Interest

24

Consolidated Profitability Statement – Quarter & Year Ended FY21

==> picture [68 x 78] intentionally omitted <==

Particulars(Rs. Crores)	Q4FY21	Q4FY20	YoY	Q3FY21	QoQ	FY21	FY20	YoY
Revenue from Operations	755	595	27%	508	49%	1884	2165	-13%
Other Income	5	3		9		16	9
Total Revenue	760	598	27%	518	47%	1900	2174	-13%
Material Consumed	113	88		77		270	312
Contract Execution Expenses	464	348		323		1224	1230
Employee Cost	95	86		81		322	325
Other Expenses	9	8		6		26	27
EBITDA	79	69	16%	31	152%	58	280	-79%
EBITDA Margin	10.4%	11.5%	-104 bps	6.1%	436 bps	3.1%	12.9%	-982 bps
Depreciation	9	9		9		36	39
EBIT	70	59	19%	23	211%	22	241	-91%
EBIT Margin	9.2%	9.9%	-64 bps	4.4%	489 bps	1.2%	11.1%	-989 bps
Finance Cost	21	23		19		79	74
Share ofprofit of Associates	1	0		1		-3	2
Profit before Tax	50	36	38%	4	1067%	-60	168	NA
PBT Margin	6.6%	6.1%	51 bps	0.8%	575 bps	-3.2%	7.7%	NA
Tax	14	5		1		-11	37
PAT	36	32	14%	3	1,045%	-49	131	NA
MinorityInterest	0	0		0		-3	-1
PAT after Minority Interest	36	31	14%	3	1,039%	-46	131	NA
PAT Margin%	4.7%	5.3%	-56 bps	0.6%	409 bps	-2.4%	6.0%	NA
Other Comprehensive Income	1	2		0		1	3
Total Comprehensive Income	36	34	8%	4	902%	-45	134	NA
TCI Margin%	4.8%	5.6%	-86 bps	0.7%	406 bps	-2.4%	6.2%	NA
EPS	24.24	21.31		2.13		-31.00	89.24

Due to Covid-19, the figures do not represent normal quarter/operations and are not strictly comparable with last year or preceding quarter

25

Historical Performance

Total Revenue Mix (Rs. Crores)

==> picture [425 x 352] intentionally omitted <==

----- Start of picture text -----

2,275
2,174
1,900
744
1,555 749 446
1,384 1,346
648
843 617 687
799 644
343
205
204 0 566 647 661
375 7 486 0 518 18 14
Erection Works 11 11 35 104 147 20 86
Civil Works FY16 FY17 FY18 FY19 FY20 FY21
O&M
Revenue Mix (%)
Electrical
Others
23%
33% 34%
42%
48%
58%
36%
28%
22% 37%
15%
15%
30% 35%
36% 33% 25%
27%
0% 0% 1% 0% 2% 1% 5% 1% 7% 1% 5% 1%
FY16 FY17 FY18 FY19 FY20 FY21
----- End of picture text -----*

==> picture [381 x 404] intentionally omitted <==

----- Start of picture text -----

EBIDTA & EBITDA Margins
13.5% 12.9% 13.4% 13.4% 12.9% 3.1%
Rs. Crores 1.0
305
280 0.8
209 0.6
187
174
0.4
58
0.2
0 0.0
FY16 FY17 FY18 FY19 FY20 FY21
Profit After Tax
5.4% 4.8% 5.1% 5.3% 6.0% -2.4%
Rs. Crores
150 131 0
122
-1
100 75 79
65
-2
50
-3
0
-4
-50 -5
-46
FY16 FY17 FY18 FY19 FY20 FY21
----- End of picture text -----**

==> picture [68 x 78] intentionally omitted <==

Due to Covid-19, the figures do not represent normal quarter/operations and are not strictly comparable with last year or preceding quarter

*High Margin Service Segment; ** PAT after Minority Interest

26

Consolidated Profitabilit Statement y

==> picture [68 x 78] intentionally omitted <==

Profit and Loss(Rs. Crores)	FY21	FY20	FY19	FY18	FY17	FY16
Revenue from Operations(Net of Excise)	1,884	2,165	2,261	1,548	1,338	1,378
Other Income	16	9	14	7	8	6
Total Revenue	1,900	2,174	2,275	1,555	1,346	1,384
Material Consumed	270	312	330	188	122	115
Contract Execution Expenses	1,224	1,230	1,215	815	793	899
Employee Cost	322	325	393	312	227	155
Other Expenses	26	27	33	31	31	28
EBITDA	58	280	305	209	174	187
EBITDA Margin	3.1%	12.9%	13.4%	13.4%	12.9%	13.5%
Depreciation	36	39	46	43	41	39
EBIT	22	241	259	166	133	148
EBIT Margin	1.2%	11.1%	11.4%	10.7%	9.9%	10.7%
Finance Cost	79	74	55	36	33	33
Share in Profit/(loss)in JV and Associates	-3	2	2	0	1	0
Profit before Tax	-60	168	206	130	100	116
Profit before Tax Margin	-3.2%	7.7%	9.0%	8.4%	7.5%	8.4%
Tax	-11	37	62	39	36	41
PAT	-49	131	143	91	65	75
MinorityInterest	3	-1	22	11	0	0
PAT after Minority Interest	-46	131	122	79	65	75
PAT Margin %	-2.4%	6.0%	5.3%	5.1%	4.8%	5.4%
EPS	-31.00	89.24	82.69	54.01	43.96	54.08

Due to Covid-19, the figures do not represent normal quarter/operations and are not strictly comparable with last year or preceding quarter

27

Consolidated Balance Sheet

==> picture [68 x 78] intentionally omitted <==

Assets (Rs. Crores)	Mar-21	Mar-20	Mar-19	Mar-18		Equity & Liabilities(Rs. Crores)	Mar-21	Mar-20	Mar-19	Mar-18
Non - Current Assets	491	516	532	450		Total Equity	909	959	828	712
PropertyPlant & Equipments	165	176	187	200		Share Capital	15	15	15	15
CWIP	5	3	3	6		Reserves & Surplus	890	936	805	684
Right-of-Use Assets	7	9	0	0		Non-ControllingInterest	4	8	8	14
Other Intangible Assets	3	3	3	3
Financial Assets						Non-Current Liabilities	118	105	159	110
(i)Investments	30	33	32	0
						Financial Liabilities
(ii)Loans	0	0	21	21
						(i)Borrowings	16	30	54	28
(iii)Other Financial Assets	257	285	267	216
						(ii)Other Financial Liabilities	72	61	79	51
Deferred Tax Assets	22	8	6	3
						(iii)Lease Liabilities	3	5	0	0
Other Non Current Assets	2	2	13	2
						Provisions	5	4	4	2
						Other Non Current Liabilities	23	6	22	29
Current Assets	1,770	1,823	1,396	1,134
Inventories	115	126	93	47
						Current Liabilities	1,234	1,275	941	762
Financial Assets
						Financial Liabilities
(i)Trade Receivables	534	542	389	309
						(i)Borrowings	454	426	282	246
(ii)Investments	2	0	0	0
						(ii)Trade Payables	513	578	443	307
(iii)Cash	14	30	88	95
						(iii)Lease Liabilities	3	2	0	0
(iv)Bank	51	45	0	0
						Other Financial Liabilities	155	177	121	138
(v)Loan	6	5	5	5
						Other Current Liabilities	109	91	75	56
(vi)Other financial assets	564	575	421	389
						Income Tax Liabilities	0	0	19	14
Income Tax Assets	37	13	0	0
Other Current Assets	449	485	400	290		Provisions	1	1	0	1
Total Assets	2,261	2,339	1,928	1,585		Total Equity & Liabilities	2,261	2,339	1,928	1,585

Due to Covid-19, the figures do not represent normal quarter/operations and are not strictly comparable with last year or preceding quarter

28

Consolidated Cashflow Statement

==> picture [68 x 78] intentionally omitted <==

Particulars (Rs. in Cr)	FY21	FY20	FY19	FY18
Net Profit Before Tax	-60	168	206	130
Adjustments for: Non -Cash Items / Other Investment or Financial Items	112	108	52	73
Operating profit before working capital changes	52	277	258	203
Changes in working capital	96	-251	-197	0
Cash generated from Operations	148	25	61	76
Direct taxes paid (net of refund)	26	73	60	-40
Net Cash from Operating Activities	122	-48	1	36
Net Cash from Investing Activities	-47	3	-63	-42
Net Cash from Financing Activities	-91	59	25	50
Net Decrease in Cash and Cash equivalents	-16	14	-37	43
Add: Cash & Cash equivalents at the beginning of the period	30	16	52	9
Cash & Cash equivalents at the end of the period	14	30	16	52

Due to Covid-19, the figures do not represent normal quarter/operations and are not strictly comparable with last year or preceding quarter

29

Strong Order Inflow

==> picture [68 x 78] intentionally omitted <==

==> picture [920 x 421] intentionally omitted <==

----- Start of picture text -----

4,638
Rs. Crores
2,771
2,106
1,952
1,795
1,538
FY16 FY17 FY18 FY19 FY20 FY21
Erection O&M Electrical Works Civil & Other Works
0.0% 16.3%
22.8%
9.4% 29.2% 27.2% 29.8%
35.4% 37.1% 35.4% 36.4%
45.4%
18.0%
7.4% 12.6% 65.7%
4.3%
67.9%
23.2% 18.0% 24.7% 33.8%
Power Non Power
0.0%
7.4%
18.8% 16.8%
42.3% 42.1%
57.7% 57.9%
81.2% 83.2%
100.0% 92.6%
----- End of picture text -----

30

Order Back Log

==> picture [68 x 78] intentionally omitted <==

==> picture [920 x 411] intentionally omitted <==

----- Start of picture text -----

Rs. Crores 7,333
4,783 4,575
4,268
3,524 3,705
FY16 FY17 FY18 FY19 FY20 FY21
Erection O&M Electrical Works Civil & Other Works
0.0% 25.6% 28.6% 23.7% 26.8%
32.3%
14.3%
45.2% 46.5% 46.5% 44.9% 48.9%
51.7% 2.1%
9.3%
34.0% 4.7% 6.5%
27.1% 15.9%
20.3% 20.6% 21.8%
2.9%
Power Non Power
0.5%
9.1%
18.1%
31.2% 29.5% 34.0%
68.8% 70.5% 66.0%
81.9%
90.9%
99.5%
----- End of picture text -----

31

==> picture [393 x 268] intentionally omitted <==

==> picture [140 x 160] intentionally omitted <==

==> picture [389 x 268] intentionally omitted <==

Our Projects

Industrial Construction: Domestic Projects (Erection, Testing & Commissioning)

3x660 MW Nabinagar STPP, NPGCL

3x660 MW Barh STPP, NTPC

2x660 MW Suratgarh STPP, RRVUNL

==> picture [68 x 78] intentionally omitted <==

Lowering of pipe at Mundra to Kandla pipeline

project-90 KM, Adani

2x500 MW Neyveli TPP, NLC

Station Piping at Ennore, IOCL

1x660 MW Harduaganj TPS, UPRVUNL

Utility Corridor, Gallery Erection, Dolvi, JSW

5x800 MW Yadadri TPP, TSGENCO

SMS II – Overhead Tank, Dolvi - JSW

Lowering of Pipe Section, Mundra, Adani

Erection of P&N Gallery at Bellary, JSW

33

Infrastructure Construction: Civil, Architecture & Railway Works

5X800 MW Yadadri TPS, TSGENCO

Construction of Roadbed, Major and Minor Bridges, Track Linking, Gudivada - Machilipatnam section -RVNL

==> picture [232 x 163] intentionally omitted <==

----- Start of picture text -----

1X660 MW Bhusawal TPS at Maharastra-
MAHAGENCO
----- End of picture text -----

1x800 Mw TPSS, North Chennai, TNNGEDCO

AMTZ- Infrastructure Development Works of Andhra Pradesh Med Tech Zone

MEMU Shed at Kanpur-RVNL

Construction of Ramayampet Canal –I & CAD- Telangana Govt.

2x660 Mw STPS, Suratgrah - RRVUNL

34

Overseas Business

4X660 MW Shuqiaq SSPP, KSA (Completed Project)

1,800 MW Alba PS5 CCPP, Bahrain (Completed Project)

Aweer Power Station H Phase IV, Elsewedy, Dubai

25 MW,Ray Project-RAY International LLC, Oman

1,390 MW Waad Al Shamal ISCCPP, GE, KSA

400 MW Dangote Oil Refinery & Petrochemicals Project, DORC, Nigeria

1,516 MW IBRI IPP, SEPCO – 3, Oman (Completed Project)

1,519 MW Fadhili CHPP, Doosan, KSA

==> picture [232 x 164] intentionally omitted <==

----- Start of picture text -----

2X660 MW at Rampal, Maitree,
Bangladesh-BIFPCL
----- End of picture text -----

1800 MW Alba CCPP, ETC of GTG, STG,

HRSG & BOP, Bahrain

Second Water Expansion Seawater Desalination Plant, Shuaibah-3,FISIA ABEIMA, KSA

220 MW (GAS) / 212 MW, (HSD) CCPP, Bisho Infra, Bangladesh

35

Operations & Maintenance (O&M)

Siemens -138 MW Gas Turbine Paguthan

TG Overhauing 600 MW Jharsuguda Vedanta

Bearing Diassembly At NTPC-Simhadri

Capital Overhauling of Turbine 63 MW, SV Power, Korba Rotor Lifting-3

Cuplock Scaffolding Erection 800 MW, Mundra

HP Heater Replacement 800 MW, CGPL Mundra 2

Main Turbine Overhauling, 660 MW, Kawai

Turbine AOH, 600 MW, Udipi

ID Fan AOH, 800 MW CGPL, Mundra

==> picture [68 x 78] intentionally omitted <==

Control & Stop Valves Overhauling Sipat 660 MW

MSH Line Modification, 600 MW Singareni

Urea Reactor Tank Installation At Ramagaundam, Telangana

36

Manufacturing Facility, Hydro Power & Water

27.5 MLD STP, Networking at Palwal,

Railway – Axil Box Housing

Fibrizer Rotor - Triveni Engineering

==> picture [57 x 8] intentionally omitted <==

----- Start of picture text -----

MCPALWAL
----- End of picture text -----

==> picture [68 x 78] intentionally omitted <==

Implementation of Hydro Electric Project, 2 MW at Upper Kallar, KSEB

==> picture [188 x 120] intentionally omitted <==

Implementation of Hydro Electric Project

Head stock - ISGEC Heavy Engineering

28 MLD STP at Karnal, TPL

Machining of Valve outer casing.

(2MW/5.14 Mu)-KSEB

Heavy Duty Centre Lathes (Noida)

BHEL – HP Inner Casing

SR Furnace (Noida)

Manufacturing Unit (Noida)

37

Contact Us

==> picture [68 x 78] intentionally omitted <==

For further information, please contact:

Company Investor Relations Advisors CIN: L74140TG1999PLC032156 CIN: U74140MH2010PTC204285 Mr. Mohith Kumar Khandelwal Mr. Jigar Kavaiya / Mr. Aakash Mehta +91-40-30444418 / +91 9885149418 +91 99206 02034 / +91 98191 78243 Email: cs@powermech.net jigar.kavaiya@sgapl.net / aakash.mehta@sgapl.net www.powermechprojects.com www.sgapl.net

Thank You

38