Va Tech Wabag Limited · NSE:WABAG
Va Tech Wabag — Investor Presentation (May 2025)
33 slides from Va Tech Wabag's investor presentation, May 22, 2025
Slide 1: Exchange filing cover letter for Annual Investors Meet 2025
_____________________________________________________________________________________ An ISO 9001 Company May 22, 2025 National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, Plot No. C/1, G Block, Floor 25, P J Towers, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 051
Slide 2: VA TECH WABAG Annual Investor Meet FY-2025
VA TECH WABAG LTD ANNUAL INVESTOR MEET FY-2025 23 rd May 2025
Slide 3: Safe Harbor Statement
Safe Harbor Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by VA TECH WABAG LIMITED (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: Agenda
Agenda 1. The WABAG Group 2. Business Strategy & Finance 3. India Cluster 4. Middle East & Africa Cluster Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 3
Slide 5: The WABAG Group
The WABAG Group Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 4
Slide 6: WABAG history and milestones since 1924
Foundation of WABAG Initiation of water Completion of the Foundation of Acquisition of WABAG Wasserfilterbau technology activities by 3-stage acquisition of WABAG VA TECH WABAG Ltd., from Deutsche Babcock in Wroclaw J. Overhoff, Austria by Deutsche Babcock Chennai, India by VA TECH, Austria 1924 193
Slide 7: Among the World's Top Sustainable Solutions providers
Largest Private Water Operator, Touched 96+ Mn lives globally Among the World’s Top Desalination Plant Suppliers Presence in 25+ Countries; 1,600+ Wabagites Sustainable Solutions across locations Desalination, Waste Water Treatment, Recycle & Reuse, Effluent Treatment, Drinking Water, 125+ IP Rights
Slide 8: Our Path to Net Zero and Water Positive
Our Path to Net Zero • Reduction of emissions under direct Reducing GHG emissions through control (scope 1 & scope 2) by 20% by our sustainable solutions Water Positive E 2035 through increase in renewable energy share • Increase water positivity by 25% thru treatment of 1.25 Trillion litres/year by
Slide 9: Directors and Senior Leaders
Directors Rajiv Mittal S. Varadarajan Amit Goela Vijaya Sampath Milin Mehta Ranjit Singh Chairman & Whole Time Director Non-Independent Independent Independent Independent Managing Director & CGO Director Director Director Director Senior Leaders Skandaprasad Seetharaman Shailesh Kumar Mahmut Gedek
Slide 10: Serving clients in Municipal and Industrial segments
Municipal Industrial Serving clients in…. Municipal Water & Waste Water Funding Agencies Oil & Gas Power plants Steel Food & Beverages Fertilizer Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 Industrial parks 9
Slide 11: Order Book 3X of Revenue outlook
RoE Net Cash >15% Positive O&M at 20% of Total RoCE Revenues EBITDA >20% 13 - 15 % Asset Light Revenues Order Book 15 - 20 % CAGR 3X of Revenue Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 10
Slide 12: Vision and strategic pillars
1 4 Global Leader in Water & Wastewater Management Sustainability & Circular Economy Champion • Expand global footprint, especially in high-potential emerging • Drive ZLD and waste-to-energy solutions markets (Middle East, Africa, Southeast Asia & CIS Countries) • Lead in the recycle and reuse of wa
Slide 13: Wabag performance post implementation of the strategy - Wriddhi
Wabag performance post implementation of the strategy - Wriddhi • Revenue grew from INR 29,793 Mn in FY2022 to INR 32,940 Mn in FY2025 • EBITDA growth of 20% (CAGR) from INR 2,483 Mn in FY2022 to INR 4,302 Mn in FY2025 • PAT growth of 31% (CAGR) from INR 1,319 Mn in FY2022 to INR 2,953 Mn in FY2025
Slide 14: Business Strategy & Finance
Business Strategy & Finance Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 13
Slide 15: Go-to-market, partnerships and global delivery
Global EP, Industrial, Partnerships Go To Market O&M Focus Delivery International Centers Focusing on GLOCAL Deploy agile Go to Focus on Standalone Enables to remain an Essential to remain approach to execution Market teams across O&M along with advanced technology Asset Light through a hub and focu
Slide 16: Key performance metrics FY2021 to FY2025
>28% Industrial International >41% (5 years average) (% of Revenue) ( % of Revenue ) (5 years average) >1/3 of EPC EP O&M >15% (% of Revenue) ( % of Revenue ) (5 years average) 12.3% to ~19% RoCE RoE 7.9% to ~15% FY 2021 FY 2025 FY 2021 FY 2025 7.7% to >13% EBITDA PAT 3.9% to ~9% FY 2021 FY 2025 FY
Slide 17: Financial and business highlights
FINANCIAL HIGHLIGHTS BUSINESS HIGHLIGHTS • Strong Order Book of INR 137 Bn Robust Revenue Visibility Consolidated FY25 Q4 FY25 (INR Million) • Long Term Credit Rating upgraded to AA-/Stable; Rating and Outlook upgraded in all rating cycles in the last four years, reaffirming Order Backlog 1,36,667
Slide 18: Order book by business offering, customer segment and geography
INR Mn By Business Offering & Customer Segment By Geography Municipal Industrial Total Total EPC 57,851 13,250 71,101 India 77,112 O&M 42,422 11,315 53,736 Overseas 47,726 Framework 11,830 Framework 11,830 54 Grand Total 1,00,273 24,565 1,36,667 Grand Total 1,36,667 45 71 58 57% 43% 80% 20% 62% 38%
Slide 19: Order Book 3x of Revenue
Order Book Revenues O&M at 20% 15 - 20% EBITDA RoCE >20% Net Cash 3x of of Total RoE >15% Outlook CAGR 13 - 15% Asset Light Positive Revenue Revenues (3-5 Years) INR 137 Bn Revenues EBITDA RoCE Net Cash O&M 18% RoE Strong Up 15.3% 13.1% of 18.4% Positive of FY25 14.9% Performance Order Book (YoY) FY
Slide 20: 5th consecutive year of Group Net Cash Positive
Committed to our Long Term Strategy of Net Cash Positive INR Mn th 5 consecutive year of Group “NET CASH” Positive 7,056 1.21 CGO to PAT FCF to PAT 3,442 1,002 437 96 Mar'21 Mar'22 Mar'23 Mar'24 Mar'25 Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 19
Slide 21: India Cluster - Powering the Future
India Cluster - Powering the Future Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 20
Slide 22: India and Southeast Asia opportunities
India: Opportunities Indonesia: Ministry of Jal Shakti (MoJS) have been • 5% (GDP) growth over the past 30 years; expected 8% over the allocated INR 99,500 Crores (~USD 12 Bn) next 5 years. • Rapid urban expansion driving demand, especially in Jakarta. • Wastewater treatment market to grow at 6.6% C
Slide 23: India market opportunity: Municipal and Industrial
INR Mn Municipal T&D Desal 1,00,100 14,500 WWTP 21,000 Total INR 2,46,400 Mn WTP 52,000 Recycle & Reuse 58,800 Total Municipal INR 3,58,800 Mn 2,46,400 Industrial Desal 55,200 Industrial WWTP Total 1,12,400 INR 1,12,400 Mn 23,700 T&D 3,000 Recycle & Reuse WTP 2,000 28,500 Celebrating a Century of In
Slide 24: India cluster strengths
• AI – Strong team of more than 1000+ engineers 1 • Technological Edge & Value Engineering: Innovation backed by in-house R&D and proprietary solutions. 2 • End-to-End Project Expertise: Full lifecycle delivery across EPC, Commissioning, O&M. 3 • Think Global, Act Local: Operations across 25+ countr
Slide 25: India cluster project execution updates
400 MLD Desalination Plant at Perur, Chennai 200 MLD Pagla STP at Bangladesh • All major supply orders placed; deliveries underway • Long-lead items successfully ordered • Offshore works progressing ahead of schedule • Supply deliveries in progress • Onshore construction in full-scale execution • Sa
Slide 26: Underwater installation of marine intake pipeline
Pioneered the successful underwater installation of India’s longest and largest marine intake pipeline (1,151 m, 2,500 mm dia). Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 25
Slide 27: Middle East & Africa - Driving Innovation & Sustainable Growth
Middle East & Africa - Driving Innovation & Sustainable Growth Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 26
Slide 28: Middle East and Africa water market drivers
Middle East: Kingdom of Saudi Arabia: • Water consumption in the region is expected • Investment of $32 billion in desalination by 2027. to increase by 62% by 2025. • $12 Billion Public-Private Partnership (PPP) Water Projects • Economic diversification, sustainability, and infrastructure • 63% of t
Slide 29: Middle East and Africa market opportunity
USD Mn Middle East Desalination 1,857 Middle East Total 3,230 USD 3,230 Mn WWTP 1,373 Total USD 4,623 Mn Africa Africa Desalination WTP 1,393 725 500 Total USD 1,393 Mn WWTP 168 Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 28
Slide 30: Middle East & Africa strategy
1. New Market Expansion Wabag planning to enter into new markets in GCC, Africa and Central Asia. UAE, Kuwait, Jordan, Morocco, Uzbekistan & Kazakhstan 2. Glocal Strategy Wabag shall align with “Go Global Think Local” Strategy. Partnership & Strategic Alliances shall be planned on case-2-case basis.
Slide 31: Middle East & Africa project updates
200 MLD WWTP Plant at Al Haer, KSA 50 MLD SWRO Plant, Senegal • Basic Engineering package approved. • Ordering completed. • Site & Employer office mobilized. • Majority of equipment’s delivered. • Civil sub-contractor mobilized and site construction activities • Installation of equipment's in-progre
Slide 32: Celebrating a Century of Innovation, Leadership, and Sustainability
Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 31
Slide 33: Thank You
THANK YOU Celebrating a Century Celebrating a Century of Innovation, of Innovation, Leadership, Leadership, and Sustainability and Sustainability | Since 1924 | Since 1924 32