Slide 1: Filing cover letter to stock exchanges
Ref No: PSPPROJECT/22/24-25 May 24, 2024 Corporate Relations Department Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P.J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai- 400 001 Bandra (East), Mumbai – 400 051 Scrip code: 540544 Scrip Symbol:
Slide 2: Investor Presentation Q4FY24 & FY24
Investor Presentation Q4FY24 & FY24 May 2024 www.pspprojects.com ©2021 – PSP Project Ltd., All Rights Reserved. 1
Slide 3: Contents
Contents 01 PSP Projects Limited - Build to Last: The growth story In a Nutshell 02 A look at the quarter gone by 03 Indian Construction Industry 04 The drivers that transcended PSPs growth since inception 05 Precast Facility: Enhancing capabilities. Exploring newer technologies. 06 Investment Ratio
Slide 4: PSP Projects Limited – Build to Last
PSP Projects limited – Build to Last The growth story in a Nutshell ▪ Incorporated in 2008, successfully led by First Generation Civil As on 31 March 2024 engineer having 37 years of experience ▪ India based construction company offering a diversified range of construction and allied services across
Slide 5: A Look at the Quarter gone by
A Look at the Quarter gone by www.pspprojects.com ©2021 – PSP Project Ltd., All Rights Reserved. 4
Slide 6: Financial Performance during Q4FY24 & FY24
Financial Performance during Q4FY24 & FY24 Q4FY24 Standalone Highlights Revenue from Operations1 (₹ crore) EBIDTA1 (₹ crore) & EBITDA Margin (%) PAT1 (₹ crore) & PAT Margin (%) YoY de-Growth -11% YoY de-Growth -33% YoY de-Growth -67% 90 11% 15% 50 6% 8% 80 10% 13% 45 7% 70 78 40 46 727 5% 11% 71 8%
Slide 7: Standalone Profit & Loss: Q4FY24 & FY24
Standalone Profit & Loss : Q4FY24 & FY24 Particulars (₹ Lakhs) Q4 FY24 Q4 FY23 Y-o-Y Q3 FY24 Q-o-Q FY24 FY23 Y-o-Y Revenue from Operations 64,917.00 72,741.00 -11% 69,661.92 -7% 2,46,249.80 1,92,664.91 28% Cost of materials consumed including WIP 15,753.73 22,600.16 20,519.31 76,642.31 57,734.61 Con
Slide 8: Standalone Balance Sheet: FY24
Standalone Balance Sheet : FY24 Particulars (₹ Lakhs) FY24 FY23 FY22 Particulars (₹ Lakhs) FY24 FY23 FY22 ASSETS Equity Non current Assets (a) Equity Share Capital 3,600.00 3,600.00 3,600.00 (a) Property, Plant and Equipment 32,075.21 23,840.57 20,601.82 (b) Other Equity 87,862.92 76,382.54 64,871.5
Slide 9: Management Commentary on Key Highlights
Management Commentary on Key Highlights • During FY24, recorded highest ever outstanding order book of Rs.6,049 crore, a YoY growth of 20%. During the year, the company received highest We continue to grow organically by ever order inflow to the tune of Rs.3,498 crore (excluding GST). focusing on ex
Slide 10: Annual Financial Performance
Annual Financial Performance Revenue from Operations1 (₹ Crore) EBITDA1 (₹ Crore) PAT1 (₹ Crore) #CAGR : 30% #CAGR : 22% #CAGR : 17% 161 257 262 2,462 225 129 133 124 1,927 191 1,749 1,499 149 90 135 81 1,241 1,044 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23
Slide 11: Business Robustness in Numbers
Business Robustness in Numbers EBITDA / Revenue from Operations Profit After Tax / Total Revenue EBITDA Margin% PAT Margin% 14.3% 14.7% 12.7% 11.7% 10.9% 10.6% 9.1% 8.5% 8.5% 6.4% 6.8% 5.0% FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY24 ©2021 – PSP Project Ltd., All Rights Reserved. 10
Slide 12: Prudent Working Capital Cycle in Construction Space
Prudent Working Capital Cycle in Construction Space ▪Despite the business being WC intensive, PSP Projects has 82 industry’s best working capital cycle of 35 days.76 70 65 65 62 55 55 54 53 50 50 47 41 35 29 26 26 28 24 26 21 17 15 FY19 FY20 FY21 FY22 FY23 FY24 Inventory (Days) Receivable (Days) Pay
Slide 13: 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)
Slide 14: Indian Construction Industry
Indian Construction Industry www.pspprojects.com ©2021 – PSP Project Ltd., All Rights Reserved. 13
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 ▪ The 2023-24 budget by the government highlights the impetus for growth by focusing Industrial Construction sector a pivotal role
Slide 16: Drivers that transcended PSPs growth since inception
Drivers that transcended PSPs growth since inception www.pspprojects.com ©2021 – PSP Project Ltd., All Rights Reserved. 15
Slide 17: Hybrid Approach with presence in Private and Public projects
Hybrid Approach with presence in Private and Public projects Industrial Projects Institutional Projects Government Projects Government Residential Projects Construction of industrial buildings Construction of buildings for Undertake various challenging and Residential Projects Construction of privat
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 As on FY24 6,049 6% 5,052 4,324 20% 4,121 2,978 3,074 5% 3% 66% FY19 FY20 FY21 FY22 FY23 FY24 Government Govt Residential Industrial Institutional Residential Not
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 projects, the faith and confidence rested by the favourable and preferred choice Surat Diamond Bourse clients can be assessed by esteeme
Slide 20: Clientele with High Quality Business
Clientele with High Quality Business Work on Hand as on 31 March 2024 - (Major Projects) | [₹ Crore] Outstanding Description of Project Location Name of the Client Contract value Contract Value SMC Highrise building Gujarat Municipal Corporation 1,344 1,108 Dharoi Dam Gujarat State Government 674 62
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 Pratik Thakkar Senior Vice President - Operations Vice President - Procurement Chief Financial Officer Vice President - Planning General Manager - BD ▪ Holds a di
Slide 22: Leadership and Management
Leadership and Management Prahaladbhai Patel Pooja Patel Sagar Patel Sandeep Shah Vasishtha Patel Achala Patel 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 ▪ Bachel
Slide 23: 16 years of journey of Constructing Buildings
16 years of journey of Constructing Buildings Started Operations Awarded to construct tallest in Karnataka & Started Operations in temple in the SAP Rajasthan Uttar Pradesh with a world Implementation marquee projects "Beautification of Sri Awarded to Kashi Vishwanath construct tallest In April Dham
Slide 24: Precast Facility
Precast Facility Enhancing captive capabilities. Exploring newer technologies A state-of-the-art manufacturing plant of precast concrete building. Benefits of Precast Manufacturing Facility Offsite Modular Construction ▪ Reduces labour-intensive Technology is the traditional building methods by futu
Slide 25: Precast Factory
Precast Factory ©2021 – PSP Project Ltd., All Rights Reserved. 24
Slide 26: Investment Rationale
Investment Rationale One-stop shop solution construction company present throughout the value chain starting from planning, design, construction and post-construction services including MEP work and other interior fit-outs which provides us with several opportunities, faster project turnaround time
Slide 27: Project Profile
Project Profile Prominent Projects Completed in FY23 PALLADIUM MALL, AHMEDABAD BSE BROKER'S FORUM AT GIFT PUNISKA HOUSE WAGH BAKRI PLANT Indian Institute of Management Ahmedabad INDIAN POTASH HOUSE ©2021 – PSP Project Ltd., All Rights Reserved. 26
Slide 28: Landmark Projects – Kashi Vishwanath Dham
Landmark Projects – Kashi Vishwanath Dham ©2021 – PSP Project Ltd., All Rights Reserved. 27
Slide 29: Landmark Projects – Surat Diamond Bourse
Landmark Projects – Surat Diamond Bourse Actual images ©2021 – PSP Project Ltd., All Rights Reserved. 28
Slide 30: Prominent Projects – GIFT City
Prominent Projects – GIFT City Prestige Fintech IBIS Hotel by Brigade Tallest Residential in GIFT City World Trade Center BSE Brokers Forum Brigade International Finance Center The Signature by Hiranandani ©2021 – PSP Project Ltd., All Rights Reserved. 29
Slide 31: 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 ©2021 – PSP Project Ltd., All Rights Reserved. 30
Slide 32: Prominent Projects
Prominent Projects ZYDUS HOSPITAL SITAPUR (EPC PROJECT) MEDICAL COLLEGE & HOSPITAL AT DAHOD (EPC PROJECT) BEAUTIFICATION OF AHMEDABAD C.G.ROAD R&D AND RESEARCH CENTERS IN GUJARAT ©2021 – PSP Project Ltd., All Rights Reserved. 31
Slide 33: Prominent Projects
Prominent Projects COMMERCIAL BUILDING AT GIFT CITY ZYDUS CORPORATE HOUSE AT AHMEDABAD PUNISKA HEALTHCARE PLANT BANGALORE MILK UNION DAIRY PLANT AT GRAND MERCURY HOTEL AT GIFT CITY MEDICAL COLLEGE AND HOSPITAL FOR KANAKPURA, KARNATAKA FOR BRIGADE GROUP DHARAMSINGH DESAI UNIVERSITY (DDU) ©2021 – PSP
Slide 34: Prominent Projects
Prominent Projects BRIGADE INTERNATIONAL GOVERNMENT OFFICE BUILDING RIVER FRONT DEVELOPMENT HOSPITAL PROJECT FINANCIAL CENTRE AT GIFT CITY IIM Ahmedabad Palladium Mal, Nestle GOVERNMENT PROJECT ©2021 – PSP Project Ltd., All Rights Reserved. 33
Slide 35: Key Strategies
Key Strategies www.pspprojects.com ©2021 – PSP Project Ltd., All Rights Reserved. 34
Slide 36: Building is my passion
Key Strategies Building is my Focus on Building construction (commercial, residential, industrial & institutional) passion Strengthen our Leverage our position Mr. Prahaladbhai Patel human capital as a fast-growing Chairman, MD and CEO construction company in India Enhance our project Expand our geo
Slide 37: Awards and Recognition
Awards and Recognition www.pspprojects.com ©2021 – PSP Project Ltd., All Rights Reserved. 36
Slide 38: Awards and Recognition
Awards and Recognition PSP Projects Ltd has been awarded as Fastest Growing PSP Projects Ltd has been PSP Projects Ltd has been awarded as Fastest Growing Construction Construction Company (below 2000 Cr Category) during the 21st awarded National Safety Company (below 2000 Cr Category) for 3rd conse
Slide 39: Awards and Recognition
Awards and Recognition PSP Projects Ltd has been awarded as 2nd Fastest Growing Construction Company (below 2000 Cr Times Inspiring Entrepreneur Award for the Fastest Patidar Udhyog Ratna Award by Sardardham 2020 Category) during the Construction World Annual Growing Construction Company of the Year
Slide 40: Shareholding and Governance
Shareholding and Governance www.pspprojects.com ©2021 – PSP Project Ltd., All Rights Reserved. 39
Slide 41: Shareholding and Governance
Shareholding and Governance PROMOTER 66.22% Governance March Structure 2024 DII 4.58% FII 2.31% Board of Business Level Project Level Public 26.89% Directors Responsibility Responsibility NSE Ticker PSPPROJECT BSE Ticker 540544 Departmental Audit Committee BOD Share Price (₹)^ 687.90 Heads Market Ca
Slide 42: 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 43: Thank You
For more information please contact: PSP Projects Limited Hetal Patel ✉ grievance@pspprojects.com Ernst & Young LLP Krishna Patel / Vikash Verma ✉ krishna.patel2@in.ey.com ✉ vikash.verma1@in.ey.com Thank You PSP Projects Limited ‘PSP House’, Opp. Celesta Courtyard, Opp. Lane of Vikramnagar Colony, I