Investors Presentation September 2019 Page 1 Caution regarding - PowerPoint PPT Presentation

Gangtok Secretariat Building Udangudi, Tamilnadu Power Project Investors Presentation September 2019 Page 1

Caution regarding forward-looking statements (Disclaimer) This Presentation is for general information only and may contain statements about expected future events and financial and operating results of ITD Cementation India Limited, which could be forward-looking. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the assumptions, predictions and other forward-looking statements may not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause assumptions, actual future results and events to differ materially from those expressed in the forward-looking statements. Accordingly, this Presentation is subject to the disclaimer and qualified in its entirety by the assumptions, qualifications and risk factors referred to in this document. This does not purport to be a record of the proceedings of the Analysts & Institutional Investors Conference Call. No part of the Presentation shall be copied or disseminated, in whole or in part, in any manner. Page 2

Contents Executive Summary Corporate Profile & Shareholding Structure Corporate Vision & Mission Corporate Structure Parent Profile Financial Performance Order Book Analysis Operations & Management Page 3

Executive Summary NAME ITD Cementation India Limited (“ ITD Cem ”) INDUSTRY GROUP Infrastructure Urban Infra/MRTS, Marine structures, BUSINESS AREAS Hydro/Tunnels/Irrigation projects, Airports, Highways/Bridges & Flyovers, Water & waste water, Industrial structures/Buildings, Specialist foundation engineering INR 750 million AUTHORISED CAPITAL AUDITORS Walker Chandiok & Co LLP SHARE PRICE (1 year) High: INR 143 Low: INR 44 171,787,584 NUMBER OF SHARES INR 9,312 million @ INR 54.2/share (as on 14 th November 2019) MARKET CAPITALIZATION Page 4

Company Profile & Shareholding Structure Ownership Details: Italian-Thai Development Company Limited As on 30 September 2019 (“ITD”), the Promoter of the Company, holds 46.64% in ITD Cem. Promoters Public 46.64% � Engaged in the business areas of Urban Infra/MRTS, Marine 19.72%, Structures, Hydro/Tunnel/Irrigation projects, Airports, Highways/Bridges & Flyovers, Water & Waste Water Bodies segment, Industrial Structures/Buildings and Specialist Corporate Foundation & Engineering projects. 1.54% � Order book of INR 110,453 million as on September 30, 2019 executable over a period of approximately 30 months. � Construction company with a sustained presence in India with MNC parentage over 8 decades. � Pedigree of strong management systems and strong recall Total institutions among clients. 32.10% � Employee strength 2,089 people. � MNC construction company which is listed on Indian Stock Exchanges with a market capitalization of INR 9,312 million (as on 14 th November 2019). Page 5

Vision & Mission • Our aim is a satisfied client, a strong and Vision proactive workforce and quality product finished on time and to budget • To make ITD Cem the country’s leading Mission construction Company in customer choice, quality and safety Page 6

Corporate Structure ITD Cementation India Limited Engaged in projects of urban Infra/MRTS, marine structures, hydro / tunnel / irrigation projects, airports, highways / bridges & flyovers, water & waste water segment, industrial structures/buildings and specialist foundation engineering projects 80% 49% 40% 95% 100% 60% ITD ITD-ITD Cem JV ITD Cem ITD ITD-ITD Cem CEC-ITD Cem- Cementation (Consortium of ITD- Maytas Cemindia JV JV TPL JV Projects India Ltd. ITD Cementation) Consortium Subsidiary Construction of Construction of Construction of Design and Design and road projects, MRTS and integrated execution of construction of Water supply & Water projects passenger terminal water conveyor underground MRTS building at Netaji system section Subash Chandra including 3 Bose International underground airport stations for Mumbai Metro Page 7

Joint Ventures ITD-ITDCem JV ITD Cem CEC-ITD ITD Cemindia (Consortium ITD-ITDCem JV Maytas Cem-TPL JV of ITD-ITD Consortium JV Cementation) Shareholders ITD Cem – 80% ITD Cem – 49% ITD Cem – 40% ITD Cem – 95% CEC – 40% ITD (Thailand) – ITD (Thailand) – 51% ITD (Thailand) – 60% Maytas–5% ITD Cem – 20% 40% , TPL - 20%  Rehabilitation and  Supply and installation of track work for  Construction  Investigation,  Key projects of Design Refurbishment of Bangalore Metro – work virtually integrated Design and and Water Works at completed passenger terminal execution of construction Palta and Garden building at Netaji water conveyor of  3 under ground stations and tunnels for Reach.(KEIIP), Subhas Chandra system underground Kolkata Metro Kolkata Bose International consisting of section  Design and construction of elevated Airport in Kolkata lined gravity including 3  4 Nos. projects - viaduct and 8 elevated stations under Delhi canal, CM & CD underground MRTS Project for DMRCL (CC26) Construction of works tunnels stations for elevated structures with carrying Mumbai  Design and Construction of Tunnels by (viaduct & stations) capacity of 87.21 Metro Rail Shield TBM under Delhi MRTS Project for for Bangalore cumecs from Corporation DMRCL (CC32) Metro Rail Thipparam Limited  Laying of Water Trunk Main and Laying of Corporation Ltd. Reservoir to Sewer Line by Micro tunneling Method for Gundureddipalli. Kolkata Environmental Improvement for the Investment Programme Kolkata Government of Telangana  Laying of Trunk Sewer along James Long Sarani, Kolkata by Micro tunneling Method Work in Hand as 10,873 million 5,382 million Nil 8,323 million 16,416 on Sept 30, 2019 million (100%) (INR) Page 8

Industry Position � Leadership position in marine construction, foundation and specialist works and significant presence in MRTS, Hydro / Dams / Tunnels / Irrigation and transportation segments Several quality and safety awards - a reflection of ITD Cem’s � drive towards excellence � One of the few construction companies to conform to ISO standards “ISO 9001:2015, ISO 14001:2015 & OHSAS 18001:2007” for Quality Management Systems, Occupational Health and Safety Management System and Environmental Management System. � Key clientele includes: Government/PSU: DMRC, RVNL, Kolkata Metro Rail � Corporation, SAIL, Bangalore Metro Rail Corporation, NHAI, Mazagaon Dock Ltd., Garden Reach Shipbuilders, Airport Authority of India, Indian Railways, Govt. of Telangana, Rites Ltd., CPWD, Noida, Mumbai Port Trust, Nagpur Metro Rail Corporation, Mumbai Metro Rail Corporation, Ennore Port Ltd, Nuclear Power Corporation, Kolkata High Court, Inland Waterways of India, Tamil Nadu Generation and Distribution Corporation, MMRDA, IRCON, Tangedco Permanent office � Private: Reliance – ADAG group, IHI Corporation, Nhava Sheva Area office Gateway Terminal, Tata Power, PSA (Singapore), DP World, Key Project office Adani Group, China Kun Lun Contracting & Engineering Corporation, Jindal Steel, Samsung, Tata Power, RIL, L&T, Jindal Power, Mundra Port Trust, Gangavaram Port Ltd., Howe Engineering etc. Page 9

International Parent Strength � Italian-Thai Development Company Limited is the largest construction company in Thailand and one of the largest in South East Asia Listed on the stock exchange of Thailand in 1994 with an initial capital base of Baht 2 million � In 1985, ITD received the Royal Seal of Garuda, the highest and most honorable achievement for civilian � companies in Thailand � Net worth INR 37,267 million (Consolidated) as at 30 June 2019 � Work in hand (Construction & Concession) INR 6,81,201 million (Construction INR 3,29,047 million) as on 28 th August 2019. Projects with lowest bid / Under negotiation INR 3,02,372 million. Geographic spread includes Bangladesh, Cambodia, Laos, Indonesia, Myanmar, Philippines, Madagascar � and Taiwan other than India providing ITD Cem with international exposure � Provides ITD Cem access to its technologies and know-how as well skilled personnel � Provides the Company with access to international design and engineering organisations * 1 Baht = Rs. 2.38 Page 10

Standalone Financials INR in Millions Yearly Quarterly Revenue from operation Revenue from operation 35,000 6,000 30,000 5,000 25,000 4,000 20,000 3,000 15,000 10,000 2,000 5,000 1,000 0 0 15M FY14 FY15 FY16 FY17 Sept'18 Dec'18 Mar'19 Jun'19 Sept'19 Mar'19 Revenue 4,148 4,503 4,561 5,380 5,279 Revenue 13,694 27,435 29,174 18,729 22,835 Yearly EBITDA Quarterly EBITDA 3,000 16.0 900 20.0 800 14.0 2,500 700 15.0 12.0 2,000 600 10.0 500 10.0 1,500 8.0 400 6.0 1,000 300 5.0 4.0 200 500 2.0 100 - 0 - 0 15M -100 (5.0) FY14 FY15 FY16 FY17 Mar'19 Sept'18 Dec'18 Mar'19 Jun'19 Sept'19 * EBITDA 1,773 512 2,336 2,651 2,818 EBITDA 703 792 (37) 653 648 (%) 13.1 1.9 8.0 14.2 12.3 (%) 17.0 17.6 (0.8) 12.1 12.3 * After exceptional item Page 11