PSP Projects Limited — Investor Presentation 2021

Jul 19, 2021

Ref No: PSPPROJECT /SE/25/21-22 July 19, 2021

Corporate Relations Department Listing Department Dalal Street, Mumbai- 400 001 Bandra (East), Mumbai - 400 051

BSE Limited National Stock ExchangeofIndia Limited Floor 25, P.J. Towers, Exchange Plaza, Bandra Kurla Complex, Scrip code: 540544 Scrip Symbol: PSPPROJECT

Dear Sir/Madam,

Subject: Investor Presentation for the quarter ended June 30, 2021

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Investor Presentation for the quarter ended June 30, 2021.

Kindly take the same on your record.

Thanking You,

Yours faithfully,

For PSP Projects Limited

Encl: As above

PSP PROJECTS LIMITED Corporate Presentation

July 2021

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.

PSP Projects Limited | A Snapshot

• Incorporated in August 2008, PSP Projects Limited is a construction company offering a diversified range of construction and allied services
• One-Stop-Shop solution providing planning and design to construction and post-construction solutions
• Proven track record in delivering on-time and quality projects across diverse industry segments and projects
• Leveraging technology and best industry practices
• Focus on industrial, institutional and high profile government projects
• Long-standing relationships with customers who have provided repeat business
• Promoter has over 22 years of experience in the industry
• Consolidated Financials : Q1 FY22 (Rs. Lakhs)| Revenue : INR 31,735.58 ; EBITDA : INR 3,938.83; PAT : INR 2,491.38

Our Journey at a Glance

2008 August	2009 April	2009 December	2010 May	2011 January	2011 December
Incorporation	Acquired businessof BPC Projects	Awarded projectto constructMedical College& Hospital forLeading MedicalSocitey,Ahmedabad	Awarded projectfor work forBeautification ofriverfront	Awarded order toconstruct 72Meter HighHospital,Ahmedabad	Awarded projectfor construction ofCM's office
2011	2014 March	2014	2017 January	2017 May	2017 October
SAPImplementation	Started design &build project forAffordableHousing inAhmedabad	P.S.Patel (CMD)profiled In"Business GameChangers -ShoonyaSeShikhar" Book	Participated inVibrant GujaratGlobal TradeShow 2017	PSP Projects Listedon NSE & BSE	Awarded a largeproject byleading Diamondassociation inSurat
2018 October	2018 December	2019 September	2019 October	2019 October	2020 October
"Top Challengers"Award -ConstructionWorld GlobalAwards 2018	Most RespectedEntrepreneurAward(Construction) toShri P.S. Patel byHurun ReportIndia	Fastest GrowingConstruction &Engineeringcompany by CREDAIduring CREDAI'sGujarat GrowthAmbassadorsSummit, 2019	"Company of theyear -RealEstate" by ZEEBusiness at Dareto Dream Awards	"Second FastestGrowingConstructionCompany in SmallCategory" & "TopChallengers" Awards-Construction WorldGlobal Awards 2019	"Second FastestGrowingConstructionCompany in SmallCategory" & "TopChallengers" Awards-Construction WorldGlobal Awards 2020

PROMINENT PROJECTS COMPLETED IN FY21

Zydus Hospital Sitapur (EPC Project)

PROMINENT PROJECTS COMPLETED IN FY21

Medical College & Hospital at Dahod (EPC Project)

R&D and Research Centers in Gujarat

PROMINENT PROJECTS COMPLETED IN FY21

Beautification of Ahmedabad C.G. Road

PROMINENT PROJECTS - SDB

ACTUAL IMAGE JUNE 21

PROMINENT PROJECTS - SDB

ACTUAL IMAGE JUNE 21

PROMINENT PROJECTS – SMART CITY

BSE Brokers Forum World Trade Center

Brigade International Finance Center

The Signature by Hiranandani

PROMINENT PROJECTS

COMMERCIAL BUILDING AT GIFT CITY ZYDUS CORPORATE HOUSE AT AHMEDABAD PUNISKA HEALTHCARE PLANT

BANGALORE MILK UNION DAIRY PLANT AT KANAKPURA, KARNATAKA

GRAND MERCURY HOTEL AT GIFT CITY FOR BRIGADE GROUP

MEDICAL COLLEGE AND HOSPITAL FOR DHARAMSINGH DESAI UNIVERSITY (DDU)

PROMINENT PROJECTS

GOVERNMENT OFFICE BUILDING RIVER FRONT DEVELOPMENT HOSPITAL PROJECT

BRIGADE INTERNATIONAL FINANCIAL CENTRE AT GIFT CITY

ZYDUS HOSPITALS DAIRY PROJECT AFFORDABLE HOUSING PROJECT

GOVERNMENT PROJECT

PRECAST FACTORY

Factory Building Work Completed

Machinery Installed – Automation Testing Work in process

Supporting Building and GD work in process

OUR KEY STRENGTHS

Our Key Strengths

Track Record of Successful Project Execution

Robust Order Book and Growing Pre-qualification Credentials

Long-standing Relationships with Customers, providing Repeat Business

One-stop-shop Solution from Planning to Design to Construction to Fit Out

Backed by Investments in Hard and Soft Infrastructure

Promoter with Several Decades of Experience, Supported by Experienced Professionals

Robust Financial Performance and Financial Strength

Strong Track Record of Successful Project Execution (1/2)

Strong Track Record of Successful Project Execution (2/2)

Constructed industrial facilities for Pharmaceuticals Cos., Tyre Co. Dairy Cos., Engineering Co., etc.

Number of Projects Completed - 59

Institutional Projects

Construction of buildings for Hospitals and Healthcare services, Educational Institutes, Malls, Hospitality services and Corporate Offices

Constructed several Hospitals across Gujarat, Commercial Projects at GIFT City, Educational & Hostel building for Leading Education Institutes; etc.

Number of Projects Completed - 69

Government Projects

Focus only on prestigious government projects

Executed projects including CM's Office, Riverfront Development project, Renovation of Vidhansabha Building

Number of Projects Completed - 23

Government Residential Projects

Execution of prestigious government affordable residential projects

Design-build of affordable high-rise residential buildings cum commercial under the Mukhya Mantri GRUH Yojana

Number of Projects Completed - 3

Residential Projects

Construction of buildings for Group Housing and Townships Construction of Independent Residences for select private customers

Number of Projects Completed - 14

Robust Order Book and Growing Pre-Qualification Credentials

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Clientele with High Quality Business

Work on Hand as on June 30, 2021 -(Major Projects) [Rs. in Lakhs]
DESCRIPTION OF PROJECT	LOCATION	NAME OF THE CLIENT	CONTRACT VALUE	OUTSTANDING CONTRACTVALUE
MEDICAL COLLEGES & HOSPITALS AT 7 LOCATIONS	UTTAR PRADESH	PUBLIC WORKS DEPARTMENT	1,49,134	149,134
EWS HOUSING PROJECT	MAHARASTRA	MUNICIPAL CORPORATION	60,140	60,140
RESIDENTIAL PROJECT	GUJARAT	PRIVATE DEVELOPER	49,768	48,308
SURAT DIAMOND BOURSE MAIN CONTRACT WORKS	GUJARAT	SDB DIAMOND BOURSE	1,77,500	28,926
DEVELOPMENT OF SHRI KASHI VISHWANATH DHAM	UTTAR PRADESH	PUBLIC WORKS DEPARTMENT	33,900	20,882
IIM AHMEDABAD	GUJARAT	INDIAN INSTITUTE OF MANAGEMENT	32,822	20,338
AFFORDABLE HOUSING PROJECT	MAHARASTRA	MUNICIPAL CORPORATION	15,755	12,839
A HIGH-RISE AND A LOW-RISE BUILDINGAT S.G. HIGHWAY	GUJARAT	A PRIVATE DEVELOPER	10,109	9,356
RESIDENTIAL COMPLEX AT DAHEJ	GUJARAT	PHARMA COMPANY	8,629	6,396
MULTI-TENANTED OFFICE	GUJARAT	DALAL STREET COMMERCIAL COOPERATIVE SOCIETYLTD.	13,465	4,162
PHOENIX MALL	GUJARAT	SGH REALTY LLP	13,909	3,925
REHAB & RESCUE (R&R) PROJECT	GUJARAT	PRIVATE COMPANY	8,010	3,342

Providing Complete Solution – Design to Construction to Fit Out

Promoter & Key Managerial Personnel with Several Decades of Experience

Prahaladbhai Shivrambhai Patel

Chairman, Managing Director & CEO

First Generation Entrepreneur and has experience of over 22 years in the Construction Industry

Holds bachelor's degree in civil engineering

Featured in book "Business Game Changer: Shoonya Se Shikhar" by Prakash Biyani and Kamlesh Maheshwari

Received "The Dena Bank Hercules Award" by Gujarat Innovation Society for Innovation and Quality in India's Construction and Infrastructure Sector

Awarded "Most Respected Entrepreneur Award - (Construction)" by Hurun Report India

Mahesh Patel Senior Vice President - Operations

He has been with the company since inception Holds a diploma in civil engineering

Maulik Patel Vice President - Procurement

Associated with company since company's establishment Attended the course for bachelor's degree in commerce

Ably Supported by Experienced Professionals (2/2)

Pooja Patel is the Executive Director of our company

Bachelor's degree in civil engineering from Gujarat Technological University and post-graduate diploma in financial management from Ahmedabad Management Association

Actively involved in the execution of the projects for past 5 years and is presently looking after the Surat Diamond Bourse Project Represented our company at the Indian Concrete Institute Chapter-1, Ahmedabad

Sagar Patel is the Executive Director of our company. Bachelor's degree in civil engineering from Gujarat Technological University. He is actively involved in functional areas including project planning, tendering, contracts, and execution.

Hetal Patel is the Chief Financial Officer of our company

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 Experience in accounts and finance

With our company for past 7 years

22

Viplav Shah has holds the position as 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 23 years of experience in the construction field.

Mittali Christachary is the Company Secretary and Compliance Officer of our company

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

6 years of experience in all Company Secretarial functions and Compliances

Ably Supported by Experienced Professionals (2/2)

• Ramjibhai Parmar is the General Manger - Tender of our company Diploma in civil engineering Associated with our company for over 8 Years
• Pratik Thakkar is General Manager - Business Development of our company Attended the course for bachelor's degree in
• commerce and diploma in marketing management Experience in Business Development Associated with our
• company for past 6 years

Dhananjay Mori is Manager – Human Resources at our company

Hold a bachelor's degree in commerce from Saurastra University and a master's degree in human resource management from Gujarat Vidyapith

11 years of experience in human resource function

Sanjay Kumar Rai is the Senior SAP/IT Manager at our company

Attended the course for bachelor's degree in science from Ch. Charan Singh University (Meerut) and completed honours diploma in computer from NIIT

Experience in IT and SAP support across Packing, Chemical, Textile, Steel and Automobile industry

Working with our company October 2018

Pushpesh Singh is Manager – Contracts of our company Bachelor's degree in civil engineering from Gujarat University

11 years of experience in construction industry

8 years of experience with Larsen & Toubro

Financial Snapshot (Consolidated)

RESULT SUMMARY Q1 FY22 (RS. CR.)

Revenue from Operations -Operating Cost

Business Robustness in Numbers (Consolidated)

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

EBITDA / Revenue from Operations Profit After Tax / Total Revenue

* For the Quarter ended June 30,2021

Key Strategies

Growing Geographical Foot Print – Locations for Current & Past Projects

Awards and Recognition (1/3)

THE MOST ADMIRED MULTIDISCIPLINARY CONSTRUCTION COMPANY OF THE YEAR (GUJARAT) 2015-16

CONSTRUCTION WORLD'S TOP CHALLENGERS OF 2017-18

CSR EXCELLENCE FOR "OUTSTANDING CONTRIBUTION"

JURY AWARD BY "GUJARAT CONTRACTOR ASSOCIATION"

Awards and Recognition (2/3)

SPECIAL COMMENDATION FOR BUILDING HIGH QUALITY AND INNOVATIVE INFRASTRUCTURE" BY "CNBC BAJAR"

FASTEST GROWING CONSTRUCTION & ENGINEERING COMPANY BY CREDAI GUJARAT

FLICITATION TO OUR PROJECT GUJARAT VIDHANSABHA AS "IGBC NEW BUILDING - GOLD" 2019

"COMPANY OF THE YEAR - CONSTRUCTION" BY ZEE BUSINESS "DARE TO DREAM AWARDS"

SECOND FASTEST GROWING CONSTRUCTION COMPANY AND "TOP CHALLENGERS AWARDS" 2019

ICI-ULTRATECH OUTSTANDING STRUCTURE AWARDS 2020 (STATE) IN THE CATEGORY – COMMERCIAL AWARDED TO OUR PROJECT ""ONE42"

ICI-ULTRATECH OUTSTANDING STRUCTURE AWARDS 2020 (REGIONAL) IN THE CATEGORY – INSTITUTIONAL AWARDED TO OUR PROJECT - LILAVATI LIBRARY AT CEPT"

ICI-ULTRATECH OUTSTANDING STRUCTURE AWARDS 2020 (REGIONAL) IN THE CATEGORY - MASS HOUSING AWARDED TO OUR PROJECT "GHB NARANPURA"

Awards and Recognition – Mr. P.S.Patel (3/3)

DETAILED FINANCIALS

Sequential Quarterly Performance (Standalone Financial) – Profit & Loss Statement

PSP Projects Ltd

Q1 FY22 Standalone Financial Results for the Quarter ended June 30, 2021 (Rs. In Lakhs)

Particulars	Q1 FY22	Q4 FY21	Q1 FY21	Q-o-Q	Y-o-Y	FY 21
Revenue from Operations	31,735.58	50,072.64	10,689.18	-37%	197%	1,24,086.24
Cost of materials consumed including WIP	9,904.57	15,252.17	3,239.59			39,576.77
Construction Expenses	15,873.19	26,751.32	6,138.38			64,442.68
Employee benefits expense	1,518.77	1,421.79	969.76			5,089.37
Other expenses	498.92	441.12	211.57			1,496.09
Total Operating Expenses	27,795.45	43,866.40	10,559.30	-37%	163%	1,10,604.91
EBITDA	3,940.13	6,206.24	129.88	-37%	2934%	13,481.33
EBITDA Margin (%)	12.42%	12.39%	1.22%			10.86%
Other Income	379.30	381.54	479.04			1,692.09
Finance costs	341.03	455.26	289.19			1,469.12
Depreciation	541.91	676.21	616.58			2,563.76
Profit Before Tax and Exceptional Item	3,436.49	5,456.31	(296.85)	-37%	1258%	11,140.54
Exceptional Gain/(Loss)(net of tax)	-	-	-			(274.11)
Profit Before Tax and after Exceptional Item	3,436.49	5,456.31	(296.85)	-37%	1258%	10,866.43
Tax Expense	927.72	1,387.72	(75.04)			2,787.39
Other comprehensive income	2.30	18.99	(3.26)			9.22
Profit After Tax	2,511.07	4,087.58	(225.07)	-39%	1216%	8,088.26
PAT Margin (%)	7.82%	8.10%	-2.02%			6.43%
EPS (INR)	6.97	11.30	-0.62			22.44

Sequential Quarterly Performance (Consolidated Financial) – Profit & Loss Statement

PSP Projects Ltd

Q1 FY22 Consolidated Financial Results for the Quarter ended June 30, 2021 (Rs. In Lakhs)

Particulars	Q1 FY 22	Q4 FY 21	Q1 FY 21	Q-o-Q	Y-o-Y	FY 21
Revenue from Operations	31,735.58	50,072.64	10,689.18	-36.62%	196.89%	1,24,086.24
Cost of materials consumed including WIP	9,904.57	15,252.17	3,239.59			39,576.77
Construction Expenses	15,873.19	26,751.32	6,138.38			64,442.86
Employee benefits expense	1,518.78	1,421.79	970.10			5,089.71
Other expenses	500.21	344.87	211.74			1,483.23
Total Operating Expenses	27,796.75	43,770.15	10,559.81	-36.49%	163.23%	1,10,592.57
EBITDA	3,938.83	6,302.49	129.37	-37.50%	2944.62%	13,493.67
EBITDA Margin (%)	12.41%	12.59%	1.21%			10.87%
Other Income	353.41	363.42	487.18			1,665.78
Finance costs	345.09	459.88	298.71			1,500.79
Depreciation	541.91	676.21	616.58			2,563.76
Profit Before Tax	3,405.24	5,529.82	(298.74)	-38.42%	1239.87%	11,094.90
Tax Expense	924.40	1,322.58	(46.12)			2,758.33
Other comprehensive income	0.53	16.30	(3.36)			9.78
Share of profit / (loss) from Joint Venture (Net)	10.01	(33.66)	(98.33)			(241.94)
Profit After Tax	2,491.38	4,189.88	(354.31)	-40.54%	803.16%	8,104.41
PAT Margin (%)	7.76%	8.31%	-3.17%			6.44%
EPS (INR)	6.92	11.60	(0.96)			22.65

Thank You

PSP Projects Limited

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

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