Slide 1: Investor Presentation October 2024
INVESTOR PRESENTATION October 2024 1
Slide 2: Table of Contents
Table of Contents PSP Projects: The growth story In a Nutshell Investment Rationale A look at the quarter gone by Project Profile Indian Construction Industry Key Strategy to strengthen the legacy of trust associated with PSP Brand going forward The drivers that transcended PSPs growth since incepti
Slide 3: PSP Projects Limited – Build to Last: The growth story in a Nutshell
PSP Projects limited – Build to Last: The growth story in a Nutshell 3
Slide 4: PSP Projects Limited – Build to Last: The growth story in a Nutshell
PSP Projects limited – Build to Last: The growth story in a Nutshell ▪ Incorporated in 2008, successfully led by First Generation Civil engineer having 37 years of experience As on 30 Sep 2024 During FY24 During FY23 ▪ India based construction company offering a diversified range of construction and
Slide 5: A Look at the Quarter & Half year gone by
A Look at the Quarter & Half year gone by 5
Slide 6: Financial Performance during Q2FY25 & H1FY25
Financial Performance during Q2FY25 & H1FY25 Q2FY25 Standalone Highlights Revenue from Operations (₹ crore) EBIDTA (₹ crore) & EBITDA Margin (%) PAT (₹ crore) & PAT Margin (%) YoY -5% YoY -47% YoY -72% 80 12% 12% 15% 70 50 6% 8% 6% 13% 7% 60 11% 50 9% 2% 3% 40 7% 30 5% 607 612 578 74 73 39 39 34 20
Slide 7: Standalone Profit & Loss: Q2FY25 & H1FY25
Standalone Profit & Loss : Q2FY25 & H1FY25 Particulars (₹ Lakhs) Q2 FY25 Q2 FY24 Y-o-Y Q1 FY25 Q-o-Q H1FY25 H1FY24 Y-o-Y Revenue from Operations 57,808.75 60,714.85 -5% 61,189.20 -6% 1,18,997.95 1,11,670.88 7% Cost of materials consumed including WIP 17,559.98 21,062.82 19,236.91 36,796.89 40,369.27
Slide 8: Standalone Balance Sheet: H1FY25
Standalone Balance Sheet : H1FY25 Particulars (₹ Lakhs) H1FY25 FY24 FY23 Particulars (₹ Lakhs) H1FY25 FY24 FY23 ASSETS Equity Non current Assets (a) Equity Share Capital 3,964.18 3,600.00 3,600.00 (a) Property, Plant and Equipment 31,504.97 32,075.21 23,840.57 (b) Other Equity 1,15,824.34 87,862.92
Slide 9: Annual Financial Performance
Annual Financial Performance Revenue from Operations (₹ Crore) EBITDA (₹ Crore) PAT (₹ Crore) #CAGR : 30% #CAGR : 22% #CAGR : 17% 262 161 2,462 257 225 129 133 124 1,927 191 1,749 1,499 1,241 135 81 1,190 112 45 FY20 FY21 FY22 FY23 FY24 H1FY25 FY20 FY21 FY22 FY23 FY24 H1FY25 FY20 FY21 FY22 FY23 FY24
Slide 10: Business Robustness in Numbers
Business Robustness in Numbers EBITDA / Revenue from Operations Profit After Tax / Total Revenue EBITDA Margin% PAT Margin% 14.7% 12.7% 11.7% 10.9% 10.6% 9.4% 9.1% 8.5% 6.4% 6.8% 5.0% 3.8% FY20 FY21 FY22 FY23 FY24 H1FY25 FY20 FY21 FY22 FY23 FY24 H1FY25 10
Slide 11: Prudent Working Capital Cycle in Construction Space
Prudent Working Capital Cycle in Construction Space Despite the business being WC intensive, PSP Projects has industry’s best working capital cycle of 35 days. 82 76 70 65 65 62 55 55 53 54 50 50 47 41 29 35 26 24 26 26 28 21 17 15 FY19 FY20 FY21 FY22 FY23 FY24 Inventory (Days) Receivable (Days) Pay
Slide 12: Along with comfortable Leverage Position
Along with comfortable Leverage Position Comfortable leverage at 0.50 times (FY24), providing adequate room to raise debt in future. FY20 FY21 FY22 FY23 FY24 Total Debt (₹ crore) 75 81 100 145 455 Networth (₹ crore) 457 538 685 800 915 Debt-Equity (x) 0.16 0.15 0.15 0.18 0.50 Particulars (₹ Crore) F
Slide 13: Management Comments
Management Comments • As on H1FY25, the outstanding order book was of Rs.6,546 crore, a YoY growth of 34%. During H1FY25, the order inflow was to the extent of Rs.1,445 crore (excluding We We continue continue to to groworganically grow organically by by GST). focusing on executing focusing projects
Slide 14: Indian Construction Industry
Indian Construction Industry 14
Slide 15: An Important growth driver of India's Economy
An Important growth driver of India’s Economy Growth Drivers Government Initiatives 27.2% ▪ Government Policies and Initiatives: Government policies and initiatives play a ▪ The 2023-24 budget by the government highlights the impetus for Industrial Construction pivotal role in driving industrial con
Slide 16: Drivers that transcended PSPs growth since inception
Drivers that transcended PSPs growth since inception 16
Slide 17: Hybrid Approach with presence in Private and Public projects
Hybrid Approach with presence in Private and Public projects Industrial Institutional Government Government Residential Projects Projects Projects Residential Projects Projects 691 991 381 031 221 Construction of industrial Construction of buildings for Undertake various challenging Execution of pre
Slide 18: Robust Order Book and Growing Pre-Qualification Credentials
Robust Order Book and Growing Pre-Qualification Credentials Growing Order Book1 (₹ crore) Work on hand across Private and Public Projects 6,546 As on September 2024 6,049 7% 5,052 4,324 4,121 27% 2,978 3,074 54% 11% 2% FY19 FY20 FY21 FY22 FY23 FY24 H1FY25 Government Govt Residential Industrial Insti
Slide 19: Belief, Trust and Support of Customers
Belief, Trust and Support of Customers Proven Track Record Ethics & Trust Biggest Project In delivering projects on-time and quality ▪ Strong work Ethics makes PSP a favourable and Surat Diamond Bourse projects, the faith and confidence rested by the preferred choice clients can be assessed by estee
Slide 20: Clientele with High Quality Business
Clientele with High Quality Business Work on Hand as on 30 September 2024 - (Major Projects) | [₹ Crore] Description of Project Location Name of the Client Contract value Outstanding Contract Value SMC Highrise building Gujarat Municipal Corporation 1,344 1,040 Dharoi Dam Gujarat State Government 67
Slide 21: The Team that made PSP fulfil its ambitions
The Team that made PSP fulfil its ambitions Ably Supported by Experienced Professionals Mahesh Patel Maulik Patel Hetal Patel Viplav Shah Sushil Tripathi Pratik Thakkar Kenan Patel Senior Vice President Vice President - Chief Financial Vice President - Vice President – General Manager - Company Secr
Slide 22: Leadership and Management
Leadership and Management Prahaladbhai Patel Pooja Patel Sagar Patel Vasishtha Patel Achala Patel Swati Mehta Chairman, MD and CEO Whole Time Director Executive Director Independent Director Independent Director Independent Director ▪ Bachelor’s degree in civil ▪ Bachelor’s degree in civil ▪ Bachelo
Slide 23: 16 years of journey of Constructing Buildings
16 years of journey of Constructing Buildings Awarded 7 In Jan.2023, PSP Medical College was awarded an & Hospitals on order of ₹ 1,344 EPC Basis in UP crore from SMC for SAP PSP Projects construction of Implementation Listed on NSE & tallest 1st Order inside BSE administrative the first Smart Commi
Slide 24: Precast Facility - Enhancing captive capabilities. Exploring newer technologies
Precast Facility - Enhancing captive capabilities. Exploring newer technologies A state-of-the-art manufacturing plant of precast concrete building. ▪ Precast enables manufacturing all elements of building and Offsite Modular infrastructure industry, such as Beams, Columns, Slabs, Load Bearing Const
Slide 25: Precast Facility
Precast Facility PSP 25
Slide 26: Investment Rationale
Investment Rationale One-stop shop solution With proven track record, Execution capabilities have Prudent financial At the helm is an construction company financial discipline, multi grown significantly with performance, Comfortable Experienced, Skilled and present throughout the vertical presence,
Slide 27: Landmark Projects – Surat Diamond Bourse
Landmark Projects – Surat Diamond Bourse 27
Slide 28: Landmark Projects – Kashi Vishwanath Dham
Landmark Projects – Kashi Vishwanath Dham 28
Slide 29: Landmark Projects – Medical College & Hospital project at locations in UP
Landmark Projects – Medical College & Hospital project at 7 locations in UP 29
Slide 30: Prominent Projects – Smart City
Prominent Projects – Smart City Completed Projects: Ongoing Projects: Prominent Projects – Smart City ▪World Trade Center (117 Mtrs) ▪ SIBAN @ GIFT (Ongoing) – 122 Mtrs ▪BSE Brokers Forum (80 Mtrs) ▪ Nila Vida Residential (Ongoing) – 122 Mtrs ▪Brigade Hotel ▪ Commercial Bldg - Ozone ▪Prestige Fintec
Slide 31: Project Profile
Project Profile Prominent Projects Completed Palladium Mall, Ahmedabad Bse Broker's Forum At Gift Puniska House Wagh Bakri Plant Indian Institute Of Management Ahmedabad Indian Potash House 31
Slide 32: Prominent Projects
Prominent Projects Noodle Factory Project In Gujarat Sports Complex For Ahmedabad University Hospital Project In Udaipur Rajasthan Interior Fit-out At Leela Hotel, Gandhinagar Zydus Hospital, Baroda Auda Library, Ahmedabad 32
Slide 33: Prominent Projects
Prominent Projects Zydus Hospital Sitapur (Epc Project) Cliantha Research in Ahmedabad Medical College & Hospital At Dahod Beautification Of Ahmedabad C.G.Road R&d And Research Centers In Gujarat (Epc Project) 33
Slide 34: Prominent Projects
Prominent Projects Commercial Building At Gift City Zydus Corporate House At Ahmedabad Puniska Healthcare Plant Bangalore Milk Union Dairy Plant At Kanakpura, Grand Mercury Hotel At Gift City Medical College And Hospital For Karnataka For Brigade Group Dharamsingh Desai University (Ddu) 34
Slide 35: Prominent Projects
Prominent Projects Government Office Building River Front Development Hospital Project Brigade International IIM Ahmedabad Government Project Financial Centre At Gift City 35
Slide 36: Key Strategies
ee: jaa Key Strategies
Slide 37: Key Strategies
Key Strategies Focus on Building Strengthen our human Leverage our position Expand our Enhance our project Augment customer construction capital as a fast-growing geographical execution capabilities relationships and (commercial, residential, construction company footprint, projects in – In Sync wit
Slide 38: Awards and Recognition
Awards and Recognition 38
Slide 39: Awards and Recognition
Awards and Recognition PSP Projects Ltd has been awarded as Fastest Growing Construction PSP Projects Ltd has been PSP Projects Ltd has been awarded as Fastest Growing Construction Company (below 2000 Cr Category) during the 21st Construction World awarded National Safety Company (below 2000 Cr Cate
Slide 40: Awards and Recognition
Awards and Recognition PSP Projects Ltd has been awarded as 2nd Fastest Growing Patidar Udhyog Ratna Award by Times Inspiring Entrepreneur Award for the Fastest Construction Company (below 2000 Cr Category) during Sardardham 2020 Growing Construction Company of the Year 2020 the Construction World A
Slide 41: Shareholding and Governance
Shareholding and Governance 41
Slide 42: Shareholding and Governance
Shareholding and Governance PROMOTER 60.14% Governance Structure DII 10.99% Sep 8.57% 2024 FII Board of Business Level Project Level Public 20.30% Directors Responsibility Responsibility Audit Departmental NSE Ticker PSPPROJECT BOD Committee Heads BSE Ticker 540544 Share Price (₹)^ 652.60 Market Cap
Slide 43: Safe Harbor Statement
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 ind
Slide 44: Thank You
Thank You PSP Projects Limited Ernst & Young LLP Hetal Patel Krishna Patel / Vikash Verma grievance@pspprojects.com krishna.patel2@in.ey.com vikash.verma1@in.ey.com 44