® L Tpsp |, PSPereLtd. Projects ISO 9001 : 2015, 14001 : 2015, 45001 : 2018 Certified Company

Ref No: PSPPROJECT/SE/70/21-22

Corporate Relations Department BSE Limited Floor 25, P.J. Towers, Dalal Street, Mumbai- 400 001 Scrip code: 540544

October 27, 2021

Listing Department

National Stock Exchangeof India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai—400 051 Scrip Symbol: PSPPROJECT

Dear Sir/Madam,

Subject: Investor Presentation for the quarterand half year ended September 30, 2021

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) half yearRegulations,ended2015,Septemberplease 30,find enclosed2021. herewith the Investor Presentation for the quarter and

Kindly take the same on your record.

Thanking You,

Yours faithfully,

For PSP Projects Limited

tali Christachary Company Secretary and Compliance officer

a“

Encl:[As] above

‘PSP House’, Opp. Celesta Courtyard, Opp. Lane of Vikramnagar Colony, ISCON - Ambali Road, Ahmedabad-380 058. Phone 079 - 2693[6200,] 2693 6300, 2693 6400 | Fax No.: 079 - 2693 6500 | Email : [email protected] | URL : www.pspprojects.com CIN ::L45201GJ2008PLC054868

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Investor Presentation

October 2021

www.pspprojects.com

01 PSP Projects Limited - Build to Last: The growth story In a Nutshell 02 A look at the quarter gone by 03 Indian Construction Industry

04 The drivers that transcended PPLs growth since inception

05 Precast Factory: Enhancing capabilities. Exploring newer technologies.

06 Investment Rationale 07 Project Profile

08 Key Strategy to strengthen the legacy of trust associated with PSP Brand going forward 09 Financial Performance

10 Awards and Recognition

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PSP Projects limited – Build to Last The growth story in a Nutshell

▪ Incorporated in 2008, successfully led by First Generation Civil engineer having 36 years of experience. ▪ India based construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential, residential projects and precast.

▪ Integrated EPC company across construction value chain from Design, Construction, Mechanical, Electrical, Plumbing (MEP), Interior, O&M Services.

▪ Geographically diversified with presence in six states viz. Gujarat, Rajasthan, Karnataka, Uttar Pradesh, Maharashtra and New Delhi.

As on September 30, 2021 1,302 / 17,000 Workforce / Contract Labour (avg) 174 ₹4,150.20 cr Completed Order Book Projects ₹1775cr During H1 FY22 46 Largest Project till Date On-going Projects 8 'CARE A+; Stable / ₹637.22 cr Completed CARE A1+ Order Inflow Projects Credit Rating

▪ Listed on NSE and BSE on May 29, 2017, raising Rs.211.68 crore.

▪ Recently completed the construction of precast factory with the objective to provide technological upgradation

5-year CAGR

Growth Rate

32.01% Revenue from Operations

19.58% 18.21% EBITDA PAT

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A Look at the Quarter gone by

www.pspprojects.com

Business got back in gear as Covid-19 took a back seat during Q2 FY22

Q2 FY22 Standalone Highlights

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Revenue from Operations (₹ crore) EBIDTA (₹ crore) & EBITDA Margin (%) PAT (₹ crore) & PAT Margin (%)
YoY Growth 61% YoY Growth 123% YoY Growth 155%
60 54.72 16% 40 36.61 10%
12% 14% 14% 35 8% 9% 9%
390.44 50 10% 12% 30 8%
317.36 40 6% 25.11 7%
243.09 39.40 10% 25 6%
30 24.52 8% 20 5%
14.37
6% 15 4%
20
3%
4% 10
2%
10
2% 5 1%
0 0% 0 0%
Q2 FY21 Q1 FY22 Q2 FY22 Q2 FY21 Q1 FY22 Q2 FY22 Q2 FY21 Q1 FY22 Q2 FY22
H1 FY22 Standalone Highlights
Revenue from Operations (₹ crore) EBIDTA (₹ crore) & EBITDA Margin (%) PAT (₹ crore) & PAT Margin (%)
HoH Growth 102% HoH Growth 264% HoH Growth 409%
707.80 10090 13% 94.12 14%12% 7060 9% 61.72 10%9%
80 8%
70 7% 10% 50 7%
60 8% 40 6%
349.98 50 3% 5%
40 25.82 6% 30 4%
30 4% 20 12.12 3%
20 2%
2% 10
10 1%
0 0% 0 0%
H1 FY21 H1 FY22 H1 FY21 H1 FY22 H1 FY21 H1 FY22
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Standalone Profit & Loss : Q2 FY22 & H1 FY22

Particulars (₹ Lakhs)	Q2 FY22 Q2 FY21 YoY (%) Q1 FY22 QoQ (%) H1 FY22 H1 FY21 YoY (%)
Revenue from Operations	39,044.08 24,308.56 61% 31,735.58 23% 70,779.66 34,997.74 102%
Cost of materials consumed including WIP	12,946.80 7,075.01 - 9,904.57 - 22,851.37 10,314.60 -
Construction Expenses	18,549.75 13,076.62 - 15,873.19 - 34,422.94 19,215.00 -
Employee benefits expense	1,551.34 1,328.57 - 1,518.77 - 3,070.11 2,298.33 -
Other expenses	524.08 375.94 - 498.92 - 1,023.00 587.51 -
Total Operating Expenses	33,571.97 21,856.14 54% 27,795.45 21% 61,367.42 32,415.44 89%
EBITDA	5,472.11 2,452.42 123% 3,940.13 39% 9,412.24 2,582.30 264%
EBITDA Margin	14.02% 10.09% - 12.42% - 13.30% 7.38% -
Other Income	461.83 451.61 - 379.30 - 841.13 930.65 -
Finance costs	376.48 423.28 - 341.03 - 717.51 712.47 -
*Depreciation*	703.04 627.05 - 541.91 - 1,244.95 1,243.63 -
Profit Before Tax and Exceptional Item	4,854.42 1,853.70 162% 3,436.49 41% 8,290.91 1,556.85 433%
Exceptional Gain/(Loss)(net of tax)	- - - - - - - -
Profit Before Tax and after Exceptional Item	4,854.42 1,853.70 162% 3,436.49 41% 8,290.91 1,556.85 433%
Tax Expense	1,195.40 413.27 - 927.72 - 2,123.12 338.23 -
Other comprehensive income	2.31 -3.25 - 2.30 - 4.61 -6.51 -
Profit After Tax	3,661.33 1,437.18 155% 2,511.07 46% 6,172.40 1,212.11 409%
PAT Margin (%)	9.27% 5.80% - 7.82% - 8.62% 3.37% -
Earnings Per Share (₹)	10.16 4.01 - 6.97 - 17.13 3.39 -

Standalone Balance Sheet : Q2 FY22 & H1 FY22

Particulars(₹ Lakhs)	H1 FY22	FY21 Particulars(₹ Lakhs) H1 FY22 FY21 Equity (a)EquityShare Capital 3,600.00 3,600.00 11,494.34 (b) Other Equity 54,931.67 50,199.27 4,164.72 Total Equity 58,531.67 53,799.27 124.34 Non-Current liabilities (a) Financial Liabilities 78.37 (i) Borrowings 2,309.65 278.33 2,574.55 (b)Provisions 135.74 79.05 9,922.36 Total Non-Current Liabilities 2,445.39 357.38 919.04 Current Liabilities 646.72 (a)Financial Liabilities 29,924.44 (i) Borrowings 16,234.53 7,817.96 (ii)Trade Payables 8,920.91 - Total outstanding dues of micro enterprises and small enterprises 748.04 1,014.65 - Total outstanding dues of creditors other than micro enterprises and small enterprises 23,715.12 24,973.75 22,203.74 (iii)Other Financial Liabilities 2,890.97 1,825.17 11,533.18 (b)Other Current Liabilities 17,222.53 8,457.11 11,342.34 (c)Provisions 124.73 99.94 854.50 (d)Current Tax Liabilities(Net) 1,128.10 692.84 10,722.39 Total Current Liabilities 62,064.02 44,881.42 3,536.57 Total Liabilities 64,509.41 45,238.80 - Total Equity and Liabilities 1,23,041.08 99,038.07 69,113.63 99,038.07
ASSETS
Non current Assets
(a) Property, Plant and Equipment (b)Capital Work-In-Progress	14,540.77
	6,130.70
(c)Other Intangible Assets	106.62
(d) Financial Assets (i)Investments
	78.37
(ii)Loans	3,382.71
(iii)Other Financial Assets	11,284.43
(e)Deferred Tax Asset(Net)	1,022.57
(f)Other Non Current Assets	214.99
Total Non-Current Assets	36,761.16
Current Assets
(a) Inventories	8,558.43
(b) Financial Assets (i)Trade receivables
	35,422.13
(ii)Cash and cash equivalents	9,855.56
(iii)Bank Balances other than(ii)above	9,653.86
(iv)Loans	860.04
(v)Other Financial Assets	13,693.43
(c)Other Current Assets	8,236.47
(d)Current Tax Assets(Net)
Total Current Assets	86,279.92
Total Assets	1,23,041.08

Key Highlights for the Quarter and Half year

We have been qualified as L1 (Lowest bidder) in 3 projects worth ₹.343 Cr for which we are expecting the orders soon.

We continued to grow organically by focussing on executing projects in timely manner while maintaining consistent quality.

As covid-19 had taken a back seat during the quarter, all our projects are operational at optimum capacity which has led to faster execution of projects and resulted in better revenue generation of ₹.390.44 crore higher by 61% YoY
During the quarter, completed 6 projects out of which two major projects completed includes Dairy Project in Karnataka and Medical College & Hospitals in Udaipur, Rajasthan. This brings the total projects completed by PSP Projects to 174.
We have completed the construction of our Precast factory, we have received our first order from this facility worth ₹.30 crore, however, we are awaiting the final approvals which we are expecting to receive in the due course of time.

Mr. Prahaladbhai Patel

During Q2 FY22, the company has been awarded as 2nd Fastest Growing Construction Company (below 2000 Cr Category) for the 3rd year in a row during the Construction World Annual Awards 2021

C H A I R M A N , M D A N D C E O AT P S P P R O J E C T S L I M I T E D

For Surat Diamond Bourse Project, we have executed worth ₹.1,565 crore, we are on the verge of completion

Financial Performance FY18 – FY21

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Revenue from Operations (₹ Crore) EBITDA (₹ Crore)
#CAGR : 18.9% #CAGR : – 10.0%
1,499.26
1,240.86
190.98
1,044.01
148.94
134.81
729.83
707.80
101.28
FY18 FY19 FY20 FY21 H1 FY22
FY18 FY19 FY20 FY21
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EBITDA (₹ Crore) PAT (₹ Crore)
#CAGR : – 10.0% #CAGR : – 7.9%
129.13
190.98
90.22
148.94 80.88
134.81
64.34
61.72
101.28
94.12
FY18 FY19 FY20 FY21 H1 FY22
FY18 FY19 FY20 FY21 H1 FY22
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CAGR based on four years completing on 31.03.2021 (FY 21)

Business Robustness in Numbers

EBITDA / Revenue from Operations EBITDA Margin%

Profit After Tax / Total Revenue PAT Margin%

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14.3%
13.9%
13.3%
12.7%
10.9%
FY18 FY19 FY20 FY21 H1FY22
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8.6% 8.3% 8.4% 8.6%
6.4%
FY18 FY19 FY20 FY21 H1FY22
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CAGR based on four years completing on 31.03.2021 (FY 21) | * For the Quarter ended September 30,2021

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Indian Construction Industry

www.pspprojects.com

An Important growth driver of India’s Economy

8% Construction Industry’s contribution to India’s GDP 15.9% Growth Industry is expected to register an annual growth of 15.9% in real terms in 2021, following a decline of 12.3% in 2020. $5tn Economy GoI’s intent of becoming a $5tn economy it plans to achieve through infrastructure development due to the high multiplier effect		Initiatives taken by GoI to bolster growth in construction sector	Initiatives taken by GoI to bolster growth in construction sector
		Governments Push ▪High-speed bullet trains and metro rail, construction of Delhi-Mumbai Industrial Corridor, concept of sustainable smart cities like GIFT City, hospitals and greenfield industrial smart city projects are contributing to India’s dynamic transformation. ▪GoI announced an ambitious project of adding 100 new airports by 2024. ▪Pradhan Mantri Awas Yojana (PMAY) program, to provide affordable housing to all urban poor by 2022. ▪National Infrastructure Pipeline (NIP) earmarked 7,400 projects focused on building roads, housing, urban development, railways, conventional power, renewable energy, and irrigation. ▪The extension of tax holiday up to March 2022 announced by the Finance Minister to increase the supply of affordable housing units. ▪Allocated ₹ 6,450 crore in Union Budget 2021-22 for the Smart Cities Mission.	FDI Inflow ▪The infrastructure and construction sector is allowed for 100% foreign investment through automatic route. Consolidation ▪Consolidation in the private sector will further intensify as stronger players will become more stronger by gaining market share Pandemic induced Incentives ▪GoI has introduced favourable policies such as lowering the bank guarantee requirement, faster clearance of bills, and speedier clearances/approvals.

We believe that owing to healthy balance sheets, access to capital and many unlisted/weaker players being shunted out of the market, the market share of large organized players is set to grow further in the next 2-3 years

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Drivers that transcended PPLs growth since inception

www.pspprojects.com

Our Continuous Strive to move up the Construction value chain

AUGUST 2008 2011-12 2013-14 onwards onwards onwards Started off as a Civil Construction Extended to Mechanical, Electrical & Forayed into Engineering, Contractor Plumbing (MEP), Interior & O&M Procurement, Construction (EPC) Services

Order Book across Business Verticals (₹ crore)

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FY19 FY20 FY21 H1 FY22
Civil Construction Turnkey Projects EPC Projects
2,318
2,222
2,042
1,723
1,580
1,525
1,079
529
407 403
271
222
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EPC projects constitutes major chunk of the order book at 56.26% in FY21 and 53.54% in H1 FY22.
EPC projects include planning, design, construction and post-construction activities which has opened horizons of growth for PPL.
Turnkey projects constitutes 38.35% of the order book in FY21 and 36.75% in H1 FY22.
Turnkey projects include Civil, MEP, Interiors and O&M except Design.

Our Hybrid Approach with presence in Private and Public projects

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Industrial Projects Institutional Projects

Construction of industrial buildings Construction of buildings for for pharmaceuticals, Tyre, Dairy, hospitals and healthcare services, Engineering companies, etc. educational institutes, malls, hospitality services and corporate offices

Number of Projects 61 Completed *

Number of Projects 71 Completed *

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Government Projects

Undertake various challenging and prestigious real estate and infrastructure projects spearheaded by the government and PSUs such as CM’s Office, Riverfront Development project, Renovation of Vidhansabha Building

Number of Projects Completed *

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Government Residential Projects

Execution of prestigious residentialcum-commercial projects, spearheaded by the government in the affordable housing category under Mukhya Mantri GRUH Yojana

Number of Projects 03 Completed *

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Residential Projects

Construction of private residential buildings for group housing, townships and independent houses for select private customers

Number of Projects Completed *

Oder Book across Private & Public

FY19 FY20 FY21 H1 FY22

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Projects [1] (₹ crore)
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Industrial Institutional Government Govt. Resi. Residential Precast
1,807
2,311
1,668
1,586
973 1,009
744 730 727
490 572 523
250
170 193 154 168
38 95 83 30
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Government projects comprised a major chunk of the order book at 61.57% in FY21 and 57.72% in H1 FY22.
By diversifying skill sets and order book across different projects, PPL can pursue a broader range of project tenders and consequently, optimize business volume and profit margins

Notes: * As on H1 FY22 ; (1) Numbers have been rounded off

Robust Order Book and Growing Pre-Qualification Credentials

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Growing Order Book [1] (₹ crore)
4,121 4,150
3,074
2,978
2,559
FY18 FY19 FY20 FY21 H1 FY22
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Work on hand across Private and Public Projects

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As on H1 FY22
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0.7%
12.6%
40.2%
24.3%
4.7%
17.5%
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Government Govt Residential Industrial Institutional Residential Precast

©2021 – PSP Project Ltd., All Rights Reserved. Notes: (1) Numbers have been rounded off

Our Confidence to replicate the Success Story outside our Home State

Being headquartered in Ahmedabad, not only are we strategically located in the core market of Gujarat but have gradually expanded our presence to six different states of India, establishing a pan-India presence.
Now, PPL is present in six states viz. Gujarat, Rajasthan, UP, Karnataka, New Delhi and Maharashtra.
Initially, PPL established itself as a renowned name in the construction space in Gujarat construction market, after 8 years of operations only in 2016 did PPL hatch out of Gujarat.
Dairy Project for Bangalore Milk Union Limited in Karnataka and Medical College & Hospitals at two locations in Rajasthan are key projects completed outside the state of Gujarat.

Key on-going projects outside Gujarat (₹ crore) UTTAR PRADESH: EPC projects for Medical 1 Colleges and Hospitals at 7 locations in Uttar 1,491 Pradesh

2	MAHARASHTRA:EWS Housing Projects in Bhiwandi and Pandharpur	759

UTTAR PRADESH: Development of Shri Kashi
3 Vishwanath Dham and its Beautification Including All 339 Development Works
RAJASTHAN: Medical Colleges and Hospitals in
4 27 Rajasthan

Growing Geographical Footprint

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As on H1 FY22
47.32%
New Delhi Lucknow
Kushinagar 17.52%
Kanpur
Auraiya
SultanpurVaranasi
Ahmedabad [Gandhinagar] Lalitpur Sonbhadra
Nadiad
Jamnagar Vadodara 0.49%
Bhavnagar
Dahej Surat
Bhiwandi 34.66%
Pandharpur
Gujarat Rajasthan
Kanakpura
Mandya
Maharashtra UP
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Giving momentum to our strategy of geographical diversification, 65.3% of order book are from markets other than Gujarat as on September 30, 2021

Belief, Trust and Support of our Customers

Proven Track Record

PPL has proven track record in delivering projects on-time and quality projects, the faith and confidence rested by the clients can be assessed by esteemed projects and repeat orders secured over the years.

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PPL has repeatedly serviced projects for:

PPL has repeatedly serviced projects for:
Zydus Cadila Group	29
Torrent Group	15
UP – Public Works Department	8
Sabarmati Riverfront	8
Adani Group	7
Claris Group Road & Building,Gujarat Reliance	6 4 2
Intas Group	2

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Ethics & Trust

Strong work Ethics make PPL a favourable and preferred choice Worked with more than 100 private and public clients across India

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Biggest Project

Biggest Project executed by PPL : Surat Diamond Bourse

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SDB is the world’s largest office building on a single basement.

It’s a ₹1,775 Crore project, size of 66 lakh sq. ft. With completion of this project, PPL will enter the big league of handling prestigious projects up to ₹2,500* crore

Clientele with High Quality Business

Work on Hand as on September 30, 2021 - (Major Projects) | [₹ Crore]

Description of Project	Location	Name of the Client	Contract value	Outstanding Contract Value
Medical Colleges & Hospitals at 7 Locations	Uttar Pradesh	Public Works Department	1,491	1,465
EWS Housing Project	Maharashtra	Municipal Corporation	601	601
Residential Project	Gujarat	Adani Estate Management Pvt. Ltd.	499	468
Surat Diamond Bourse Main Contract Works	Gujarat	SDB Diamond Bourse	1,775	210
Development of Shri Kashi Vishwanath Dham	Uttar Pradesh	Public Works Department	339	149
IIM Ahmedabad	Gujarat	Indian Institute of Management	328	183
EWS Housing Project	Maharashtra	Municipal Corporation	158	126
Construction Of Steel Plant	Gujarat	Private Company	104	104
A High-rise and a low-rise building at S.G. Highway	Gujarat	A Private Developer	101	81
Residential complex at Dahej	Gujarat	Pharma Company	87	53

The Team that made PPL fulfil its ambitions

Ably Supported by Experienced Professionals

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Mahesh Patel

Maulik Patel

Senior Vice President - Operations

Vice President - Procurement

Holds a diploma in civil ▪ Attended the course for engineering bachelor’s degree in commerce
Heads the project operations ▪ Heads the procurement, of our company, management of plants and machineries and form works.
He has been an instrumental part of all the projects completed by PSP Projects till date.
He has been associated with the company since inception and played a pivotal role in PPL’s growth.
He has been with the company since inception

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Hetal Patel

Chief Financial Officer

Member of the Institute of Chartered Accountants of India and holds a masters degree in commerce from Gujarat University
Also a certified internal auditor from the Institute of Internal Auditors
With our company since the past 8 years

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Viplav Shah

Vice President - Planning

Diploma in Construction Technology from School of Building Science & Technology (Currently CEPT University) and Management Education Program from IIM Ahmedabad.
He brings 25 years of experience in the construction field.

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Mittali Christachary

Company Secretary and Compliance Officer

Associate member of the Institute of company Secretaries of India (ICSI)
Holds a bachelor’s degree in commerce and a bachelor’s degree in law from Gujarat University
7 years of experience in all Company Secretarial functions and Compliances

The Team that made PPL fulfil its ambitions

Ably Supported by Experienced Professionals

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Ramjibhai Parmar

General Manger - Tender

Pratik Thakkar

General Manager - BD

Dhananjay Mori Sr. Manager – HR

Sanjay Kumar Rai

Sr. Manager - SAP/IT

Pushpesh Singh Dy. General Manager – Contracts

Ramjibhai Parmar is the ▪ Pratik Thakkar is General ▪ Dhananjay Mori is Manager – ▪ Sanjay Kumar Rai is the Senior ▪ Pushpesh Singh is Manager – General Manger - Tender of Manager - Business Human Resources at our SAP/IT Manager at our Contracts of our company our company Development of our company company company ▪ Bachelor’s degree in civil
▪ Diploma in civil engineering ▪ Attended the course for ▪ Hold a bachelor’s degree in ▪ Attended the course for engineering from Gujarat ▪ Associated with our company bachelor’s degree in commerce commerce from Saurastra bachelor’s degree in science University for the past 10 years and diploma in marketing University and a master’s from Ch. Charan Singh ▪ 12 years of experience in management degree in human resource University (Meerut) and construction industry
▪ Experience in Business management from Gujarat Vidyapith completed honours diploma in computer from NIIT ▪ 8 years of experience with Development Larsen & Toubro
▪ Associated with our company ▪ 13 years of experience in ▪ Experience in IT and SAP human resource function support across Packing,
for the past 7 years Chemical, Textile, Steel and Automobile industry
▪ Working with our company since 2018
Sanjay Kumar Rai is the Senior ▪ Pushpesh Singh is Manager – SAP/IT Manager at our Contracts of our company company

Leadership and Management

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Prahaladbhai Patel Chairman, MD and CEO

Pooja Patel Whole Time Director

He has a bachelor’s degree She has a bachelor’s degree in civil engineering from in civil engineering from Saurashtra University, and Gujarat Technological has been working in the University and a postcivil construction space by graduate diploma in way of a proprietorship financial management from business, before the Ahmedabad Management incorporation of PSP Association. She has been Projects Limited. He has an actively involved in planning experience of 36 years in of projects, procurement of the construction space, and materials and execution of has played a significant role projects for PSP Projects in the growth of PSP Limited since 2015. She has Projects since its also represented PSP incorporation. He has been Projects in Indian Concrete featured in the book titled Institute Chapter-1, ‘Business Game Changers: Ahmedabad. Shoonya se Shikhar’ authored by Prakash Biyani.

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Sagar Patel Executive Director

He has a bachelor’s degree in civil engineering from Gujarat Technological University. He is actively involved in project planning, project tendering, contracts, and execution of projects.

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Chirag Shah Independent Director

Sandeep Shah Independent Director

He has a bachelor’s degree He has a double bachelor’s in pharmacy from Gujarat degree in commerce and University, and has a rich law from Gujarat University. experience in the He is currently a director of manufacturing and trading Creative Infotech Private of laboratory equipment. Limited. He has many years With an established career, of experience in the he is the director of business of information Accumax Lab Devices technology products and Private Limited and services. Neuation Technologies Private Limited.

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Vasishtha Patel Zarana Patel Independent Director Independent Director

He has a bachelor’s degree She has a bachelor’s degree in business administration in commerce and a master’s from Sardar Patel University degree in commerce from and a master’s degree in the Gujarat University. She business administration also has more than 10 years from South Gujarat of experience in audit as a University. Over 20 years of chartered accountant, experience he has had in leveraging which, she is a management and exports, partner with Shah & he has held managerial Bhandari, Chartered positions in international Accountants. division of several companies. He is currently a Managing Director of Multico Exports Private Limited, which is involved in the export of pharmaceuticals and raw materials.

Our 13 years of Journey of Constructing Buildings

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Started Operations in
Uttarpradesh with a
SAP Implementation marquee projects
"Beautification of Sri Kashi
Vishwanath Dham"
Started Operations in
Karnataka & Rajasthan
Started Turnkey
Awarded project for Projects Started Construction
work for Beautification of PSP's Precast
of riverfront Manufacturing unit
Incorporation
2008 2009 2010 2011 2014 2015 2016 2017 2020 2021
PSP Projects Listed
Acquired business
on NSE & BSE
of BPC Projects Awarded order to Awarded 7 Medical
construct 72 Meter Started design & build College & Hospitals
High Hospital, (EPC) project for on EPC Basis in UP
Ahmedabad Affordable Housing in
Ahmedabad
Awarded project to
Received first order
construct Medical
for the Precast
College & Hospital
Segment
Awarded project for
for Leading Medical
Socitey, construction of CM’s office Awarded Surat Diamond
1st Order inside the first
Ahmedabad Bourse Project
Smart City - GIFT City, Later
PSP did 6 Projects in GIFT
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Precast Facility Enhancing capabilities. Exploring newer technologies

A state-of-the-art manufacturing plant of precast concrete building.

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Production Capacity
Phase I
1 Mn. Sq. ft.
Spread across
60 Acres
Project Cost
₹97 Crore
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Benefits of Precast Manufacturing Facility

Reduces labour-intensive traditional building methods by way of maximum prefabrication and use of cutting-edge technology,
Thereby reducing turnaround time for projects,
Unlocks the best land potential,
Helps in delivering consistent quality,
PPL will be able to manufacture all elements of building and infrastructure industry, such as Beams, Columns, Slabs, Load Bearing Walls, Partition Walls, Staircase, and Lift Cores, among others.
Helps to increase operating efficiency and margins.
Going forward the precast capacity will be increased to 3 mn. Sq.ft.

Offsite Modular Construction Technology is the future to achieve seamless quality, speed in delivery and larger volumes in a controlled environment.

Precast Factory

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Investment Rationale

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One-stop shop solution construction company present throughout the value chain starting from planning, design, construction and post-construction services including MEP work and other interior fit-outs which provides us with several opportunities, faster project turnaround time & higher ticket size.

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Our proven track record, financial discipline, multi vertical presence, large equipment base and cutting-edge technologies, we have managed to create a strong brand recall synonymous with trust.

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Our execution capabilities have grown significantly with time, both in terms of the size of projects that we bid for and execute, and the number of projects that we can execute simultaneously, upon successful completion of SDB, PPL becomes eligible to bid for larger value projects

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Prudent financial performance, Comfortable leverage position at 0.22 times (incl. mobilization advance), giving sufficient room to raise debt in the future. Despite being WC intensive, PPL has comfortable WCC at 16 days.

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At the helm is an Experienced, Skilled and Passionate first-generation entrepreneur whose passion to build quality buildings aided PPL to attain manifold growth along with support and dedication of experienced team and Process driven approach followed by PPL

Project Profile Prominent Projects Completed in FY21

Zydus Hospital Sitapur (EPC Project)

Medical College & Hospital at Dahod (EPC Project)

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R&D and Research Centers in Gujarat

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Beautification of Ahmedabad C.G. Road

Prominent Projects - SDB

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Actual image October 21
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Prominent Projects - SDB

Actual image October 21

Prominent Projects – Smart City

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Prestige Fintech IBIS Hotel by Brigade World Trade Center BSE Brokers Forum

Brigade International Finance Center

The Signature by Hiranandani

Prominent Projects

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COMMERCIAL BUILDING AT GIFT CITY
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BANGALORE MILK UNION DAIRY PLANT AT KANAKPURA, KARNATAKA

ZYDUS CORPORATE HOUSE AT AHMEDABAD

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GRAND MERCURY HOTEL AT GIFT CITY
FOR BRIGADE GROUP
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PUNISKA HEALTHCARE PLANT

MEDICAL COLLEGE AND HOSPITAL FOR DHARAMSINGH DESAI UNIVERSITY (DDU)

Prominent Projects

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GOVERNMENT OFFICE BUILDING
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RIVER FRONT DEVELOPMENT
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ZYDUS HOSPITALS DAIRY PROJECT
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HOSPITAL PROJECT
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AFFORDABLE HOUSING PROJECT
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BRIGADE INTERNATIONAL
FINANCIAL CENTRE AT GIFT CITY
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GOVERNMENT PROJECT
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Key Strategies

www.pspprojects.com

Key Strategies

Building is my passion

Mr. Prahaladbhai Patel

Chairman, MD and CEO

Strengthen our human capital

Expand our geographical footprint, projects in UP, Rajasthan, Karnataka and Maharashtra

Focus on Building construction (commercial, residential, industrial & institutional)

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Leverage our position as a fast-growing construction company in India

Enhance our project execution capabilities – In Sync with the latest Technology

Augment customer relationships and optimize our project mix

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Awards and Recognition

www.pspprojects.com

Awards and Recognition

PSP Projects Ltd has been awarded as 2nd Fastest Growing Construction Company (below 2000 Cr Category) 3rd year in a row during the Construction World Annual Awards 2021

ICI-Ultratech Outstanding Structure Awards 2020 (State) in the category – Commercial awarded to our project “ONE42"

Patidar Udhyog Ratna Award by Sardardham 2020

ICI-Ultratech Outstanding Structure Awards 2020 (Regional) in the category – Institutional awarded to our project – “Lilavati Library at CEPT"

Times Inspiring Entrepreneur Award for the Fastest Growing Construction Company of the Year 2020

ICI-Ultratech Outstanding Structure Awards 2020 (Regional) in the category - Mass Housing awarded to our project “GHB Naranpura"

Safe Harbor Statement

This document does not constitute or form part of and should not be construed as an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries or its joint ventures or affiliates in any jurisdiction or as an inducement to enter into investment activity. No part of this document, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. This document is not financial, legal, tax or other product advice.

This document has been prepared by the Company based on information available to them for use at a non-deal road show presentation by the Company for selected recipients for information purposes only and does not constitute a recommendation regarding any securities of the Company or any of its subsidiaries or its joint ventures or affiliates. The information has not been independently verified. No representation, warranty, guarantee or undertaking (express or implied) is made as to, and no reliance should be placed on, the accuracy, completeness or correctness of any information, including any estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements contained herein and, accordingly, none of the Company, its advisors and representative and any of its or their affiliates, officers, directors, employees or agents, and anyone acting on behalf of such persons accepts any responsibility or liability whatsoever, in negligence or otherwise, arising directly or indirectly from this document or its contents or otherwise arising in connection therewith.

The Company may alter, modify or otherwise change in any manner the contents of this document, without obligation to notify any persons of such change or changes.

This document contains certain supplemental measures of performance and liquidity that are not required by or presented in accordance with Indian Accounting Standards or Indian GAAP, and should not be considered an alternative to profit, operating revenue or any other performance measures derived in accordance with Indian Accounting Standards or Indian GAAP or an alternative to cash flow from operations as a measure of liquidity of the Company.

The statements contained in this document speak only as at the date as of which they are made, and the Company expressly disclaims any obligation or undertaking to supplement, amend or disseminate any updates or revisions to any statements contained herein to reflect any change in events, conditions or circumstances on which any such statements are based. By preparing this presentation, none of the Company, its management, and their respective advisers undertakes any obligation to provide the recipient with access to any additional information or to update this presentation or any additional information or to correct any inaccuracies in any such information which may become apparent.

This presentation is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration.

This presentation contains forward-looking statements based on the currently held beliefs and assumptions of the management of the Company, which are expressed in good faith and, in their opinion, reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance, or achievements of the Company or industry results, to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements. Given these risks, uncertainties and other factors, recipients of this document are cautioned not to place undue reliance on these forward-looking statements.

By accessing this presentation, you accept that this disclaimer and any claims arising out of the use of the information from this presentation shall be governed by the laws of India and only the courts in Ahmedabad, Gujarat, India and no other courts, shall have jurisdiction over the same.

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For more information please contact:

PSP Projects Limited

Hetal Patel

✉ [email protected]

Christensen Advisory

Krishna Patel / Diwakar Pingle

✉ [email protected]

Thank You

✉ [email protected]

PSP Projects Limited

‘PSP House’, Opp. Celesta Courtyard, Opp. Lane of Vikramnagar Colony, Iscon-Ambli Road, Ahmedabad - 380058

“PSP Projects” and The PSP Projects Logo are trademarks of PSP Projects Limited. In addition to Company data, data from market research agencies, Stock Exchanges and industry publications has been used for this presentation. This material was used during an oral presentation; it is not a complete record of the discussion. This work may not be used, sold, transferred, adapted, abridged, copied or reproduced in whole on or in part in any manner or form or in any media without the prior written consent. All product names and company names and logos mentioned herein are the trademarks or registered trademarks of their respective owners.

AI assistant

PSP Projects Limited — Investor Presentation 2021

61476_rns_2021-10-27_d3ec0765-2ea5-4d94-a887-490dde756821.pdf

Ref No: PSPPROJECT/SE/70/21-22

October 27, 2021

Dear Sir/Madam,

Investor Presentation

Contents

PSP Projects limited – Build to Last The growth story in a Nutshell

A Look at the Quarter gone by

Business got back in gear as Covid-19 took a back seat during Q2 FY22

Q2 FY22 Standalone Highlights

Standalone Profit & Loss : Q2 FY22 & H1 FY22

Standalone Balance Sheet : Q2 FY22 & H1 FY22

Key Highlights for the Quarter and Half year

Mr. Prahaladbhai Patel

Financial Performance FY18 – FY21

CAGR based on four years completing on 31.03.2021 (FY 21)

Business Robustness in Numbers

Profit After Tax / Total Revenue PAT Margin%

CAGR based on four years completing on 31.03.2021 (FY 21) | * For the Quarter ended September 30,2021

Indian Construction Industry

www.pspprojects.com

An Important growth driver of India’s Economy

Drivers that transcended PPLs growth since inception

Our Continuous Strive to move up the Construction value chain

Order Book across Business Verticals (₹ crore)

Our Hybrid Approach with presence in Private and Public projects

Oder Book across Private & Public

Robust Order Book and Growing Pre-Qualification Credentials

Work on hand across Private and Public Projects

Our Confidence to replicate the Success Story outside our Home State

Key on-going projects outside Gujarat (₹ crore) UTTAR PRADESH: EPC projects for Medical 1 Colleges and Hospitals at 7 locations in Uttar 1,491 Pradesh

Growing Geographical Footprint

Belief, Trust and Support of our Customers

Proven Track Record

PPL has repeatedly serviced projects for:

Ethics & Trust

Biggest Project

Clientele with High Quality Business

Work on Hand as on September 30, 2021 - (Major Projects) | [₹ Crore]

The Team that made PPL fulfil its ambitions

Ably Supported by Experienced Professionals

Maulik Patel

Hetal Patel

Viplav Shah

Mittali Christachary

The Team that made PPL fulfil its ambitions

Ably Supported by Experienced Professionals

Ramjibhai Parmar

Pratik Thakkar

Sanjay Kumar Rai

Leadership and Management

Our 13 years of Journey of Constructing Buildings

Precast Facility Enhancing capabilities. Exploring newer technologies

Benefits of Precast Manufacturing Facility

Precast Factory

Investment Rationale

Project Profile Prominent Projects Completed in FY21

Zydus Hospital Sitapur (EPC Project)

Medical College & Hospital at Dahod (EPC Project)

R&D and Research Centers in Gujarat

Beautification of Ahmedabad C.G. Road

Prominent Projects - SDB

Prominent Projects - SDB

Prominent Projects – Smart City

Prominent Projects

Prominent Projects

Key Strategies

Key Strategies

Building is my passion

Mr. Prahaladbhai Patel

Awards and Recognition

Awards and Recognition

Safe Harbor Statement

For more information please contact:

PSP Projects Limited

Christensen Advisory

Thank You

PSP Projects Limited

PSP Projects Limited Investor Presentation 2021