CORPORATE PRESENTATION June 2017 1 Executive Summary Header Goes - PowerPoint PPT Presentation

CORPORATE PRESENTATION June 2017 1

Executive Summary Header Goes Here • MEP Infrastructure Developers Ltd (MEP), is one of the leading players for OMT and Toll Collection projects in India. Company Overview Company Overview • Founded in 2002 by current promoters Mr Dattatray Mhaiskar and Jayant Mhaiskar, MEP commenced operations with toll collection at five entry points to Mumbai for 6 years. • MEP further added a portfolio of Toll collection projects over Short and Long term, together with OMT projects, and has forayed into road development / construction by participating in Hybrid Annuity Model road projects. Operate Maintain Build Operate Transfer Tolling Projects Hybrid Annuity Model Business Mix • 2 Long Term (LT) and 2 Transfer (OMT) (HAM) (BOT) • Managing 3 OMT • 1 Long term BOT project • Awarded 6 HAM projects Short Term (ST) Tolling projects across India with Toll Revenues under projects under in Maharashtra (4) and • Covering 1,361 lane management pan India Gujarat (2) management • Covering bridge, Ring • 5 Toll Plazas across 5 • Worth INR 38,369.9 mn kms and 9 toll plazas Road and 5 toll plazas states covering 1,060 lane kms Key Projects • One of the largest OMT contracts at the five Mumbai Entry Points for a period of 16 years until 2026 • Toll collection projects such as HRBC- Vidyasagar Setu in Kolkata • Six HAM projects (4 in Maharashtra and 2 in Gujarat) covering 1,060 lane kms • Total Revenue from Operations* grown from INR 11,979 Mn in FY14 to INR 17,291 Mn in FY17; Financials • Net Profit* grown from INR (1,292) Mn in FY14 to INR 1,089 Mn in FY17; • Cash Profit* grown from INR (256) Mn in FY14 to INR 2,062 Mn in FY17; * Prior to FY16 Financials are based on iGAAP and after FY16 financials are presented under Ind-AS 2

Header Goes Here COMPANY OVERVIEW COMPANY OVERVIEW 3

Header Goes Here Company Profile Revenue Mix – FY17 Leading and Diversified Player EPC, LT,  Since commencing operations in 2002 from a pure toll collection business model, MEP has evolved 3.70% 10.50% into a diversified Infrastructure company having operations in OMT and Toll collections and its recent foray into construction with the win of six major Hybrid Annuity Model (HAM) projects.  MEP has a successful track record of over 14 years of operational excellence pan India having operated in 12 states in India.  The company has executed more than 125 projects over the years and has completed 116 projects OMT, ST, including 218 toll plazas and 1,349 lanes. 48.40% 37.50%  MEP is backed by a strong promoter and professional management team.  MEP’s recent foray into road development / construction by participating in Hybrid Annuity Model road projects is through its Joint Venture with Sanjose India Infrastructure & Construction Pvt. Ltd. Increasing focus on LT projects (INR Mn) who are a reputed multinational infrastructure development company.  As on 31 st May 2017, MEP had a workforce strength at – 25,000  ~ 1,961 employees in Tolling and maintenance activities.  ~ 916 contract workforce at various toll plazas. 20,088 20,000 17,291 15,000 58% 10,801 Strong Relationship With Statutory And Government Authorities 63% 10,000 39% MUMBAI – JNPT PORT 5,000 ROAD 42% 61% 37% COMPANY LIMITED 0 FY12 FY15 FY17 Short Term Long Term 4

Key Milestones Header Goes Here  Crossed INR 10,000 mn of revenue in  MEPIDL (in JV with Sanjose India) forayed 2016 a single financial year (FY 12) for the into road development with Hybrid Annuity  Awarded the Mumbai Entry first time model projects Points Projects on OMT basis for  Launched Electronic Toll Collection at 16 years with an upfront payment  Won 6 HAM projects in Maharashtra and the Rajiv Gandhi Sea Link of Gujarat in March-June 2016, covering INR 21,000 mn 1,060 lane-kms worth INR 38,369.9 mn  Awarded two long term toll collection projects and Hyderabad-Bangalore  Awarded 5 years long term 2015 OMT project project in Rajasthan by RIDCOR and started toll collections through NHAI across multiple states in India  Listed on BSE and NSE on 6 th 2013-14 2012 May, 2015 with an IPO of INR Started collection of toll 3,240 mn at the five entry points to 2010  Awarded various toll collection Mumbai for 6 years from December 2002 and toll maintenance projects  Awarded a 3-year OMT 2011 through consortium contract by MSRDC for Rajiv Gandhi Sea Link in Mumbai 2009  Awarded multiple OMT projects Acquired BTPL BOT and tolling collection projects in 2002 project in Maharashtra for Tamil Nadu, Andhra Pradesh INR 10.1 mn and Maharashtra Started collection of toll at the Rajiv Gandhi Sea Link toll plaza from July 2009 Sanjose India: Sanjose India Infrastructure & Construction Pvt. Ltd. MSRDC – Maharashtra State Road Development Corporation Limited until February 2014 5

Diversified Project Portfolio With Pan-India Presence Header Goes Here Current Portfolio Across Six States In India Current Project Mix Long Short Location OMT Term Term HAM BOT Total Toll Toll Maharashtra 2 1 - 4 1 8 Rajasthan - - 1 - - 1 Gujarat - - - 2 - 2 Uttar Pradesh Rajasthan Uttar Pradesh - - 1 - - 1 West Gujarat West Bengal - 1 - - - 1 Bengal Andhra Pradesh 1 - - - - 1 Maharashtra Total 3 2 2 6* 1 14 Telangana Toll Collection Short Term Andhra Pradesh Toll Collection Long Term Company’s ability to manage multiple projects across different locations OMT Projects Long Term provides a significant advantage to HAM Projects Long Term efficiently manage its growth and expansion BOT Projects Long Term * MEPIDL – Sanjose India JV won 6 HAM projects in Maharashtra & Gujarat and achieved financial closure for them. 6

Corporate Structure Header Goes Here MEP Infrastructure Developers Limited Long Term OMT Projects HAM Projects Other Subsidiaries / Associate BOT Projects Toll Collection Projects Arawali Kante MEP HS - MEP Highway Solutions Private MIPL - MEP Infrastructure RTBPL - Rideema Toll Bridge MEPIDL – San Jose India JV RTPL - Rideema Toll Limited (100%) Private Limited (99.99%) MEPIDL’s stake – 74% Private Limited Private Limited (100%) (Mumbai Entry Points Project) # KVM - KVM Technology Solutions Private (100%) (Vidyasagar Setu Project) Limited (33% ) ( Toll Management systems, Nagpur Package I MEP RGSL - MEP RGSL Toll MEPIDL – San Jose India JV Plaza Surveillance, Weight enforcement BTPL - Baramati MEPIDL’s stake – 74% Bridge Private Limited (100%) system for Public Funded Projects ) Tollways Private (Rajiv Gandhi Sea Link Limited (99.99%) MTPL - MEP Tormato Private Limited (100%) Project) Nagpur Package II (BOT Project) MEPIDL – San Jose India JV (Baramati Project) MICPL - MEP Infra Constructions Private MEPIDL’s stake – 74% MEP HB - MEP Hyderabad Limited (100%) Bangalore Toll Road Private Limited (100%) MEP Infraprojects - MEP Infraprojects Private Kante Wakad (Hyderabad – Bangalore Project) Limited (100%) MEPIDL – San Jose India JV MEPIDL’s stake – 74% MEP Nagzari - MEP Nagzari Toll Road Private Limited (100%) Talaja Mahuva MEP RBPL – MEP Roads & Bridges Private MEPIDL – San Jose India JV Limited (100%) MEPIDL’s stake – 60% MTIPL - MEP Toll & Infrastructure Private Limited (100% ) Mahuva-Kgavadar MEPIDL – San Jose India JV MTRPL - Mhaiskar Toll Road Private Limited MEPIDL’s stake – 60% (100%) # Represents Associate 7