National Highways Infra Trust Units · NSE:NHIT
National Highways Infra Trust Units — Q2 FY2026 Earnings Presentation
18 slides from National Highways Infra Trust Units's earnings presentation, Nov 20, 2025
Slide 1: Cover letter to stock exchanges for investor presentation
Date: 20.11.2025 Corporate Rela ons Department The Lis ng Department BSE Limited Na onal Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block-G, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai-400001 Mumbai-400051 Ref.: Scrip Code: 543385; Scrip ID/Symbol:
Slide 2: National Highways Infra Trust Investor Presentation Q2 FY2026
Hubbali- Haveri- Chitradurga Khawasa Toll Plaza Lakhnadon- Khawasa Krishna Bridge KK BK Corridor Tungabhadra Bridge - KK NATIONAL HIGHWAYS INFRA TRUST INVESTOR PRESENTATION Q2 FY2026 1
Slide 3: NHIT: Quick Facts
NHIT: QUICK FACTS Nov 2021 INR 48,371 cr 2,345 km Initial Listing of NHIT Enterprise Value* Acquired in four rounds INR 26.89 / unit 7.8% Annualized Distribution Yield# ~15.2% p.a^ # Total distribution Quarterly distributions CAGR (NAV + since listing to maximize investor Distribution) returns AAA B
Slide 4: NHIT – Journey So Far
NHIT – JOURNEY SO FAR Jan 2025 • Successful Listing of Zero-Coupon Bonds ~ INR 1,000 crore. Oct 2022 • Monetization of R2 Jun 2025 assets & fund raise of ~INR 3,800 1st April 2025 • NHAI offered cr bundle 5 for • Appointed Nov 2021 monetization Date of R4 • Monetization of • Successful Public Mar 20
Slide 5: NHIT Structure
NHIT STRUCTURE SPONSOR INVESTORS ~89% ~11%* unitholding unitholding NHIIMPL 100% owned by GoI Investment Manager manages 100% overall affairs SPVs Holding assets (through 20–30-year concessions) NHIPMPL 100% owned by NHAI NWPPL NEPPL NSPPL 1. NHIIMPL - National Highways Infra Investment Managers Pri
Slide 6: Experienced Board with Diversified Backgrounds
EXPERIENCED BOARD WITH DIVERSIFIED BACKGROUNDS BOARD MEMBERS Mr. Vinay Kumar Ms. Usha Rao-Monari MoRTH Nominee Director Independent Director Joint Secretary, Ministry of Road Transport and Highways Former Under Secretary General, United Nations Associate Administrator, UNDP Mr. N R V V M K Rajendra
Slide 7: Business Update
BUSINESS UPDATE Kochugaon - Kaljhar
Slide 8: Geographically Diversified Existing Portfolio: 2,345 kms under 26 Projects
GEOGRAPHICALLY DIVERSIFIED EXISTING PORTFOLIO: 2,345 KMS UNDER 26 PROJECTS ROAD PORTFOLIO PREDOMINANTLY IN HIGH GROWTH STATES NHIT PORTFOLIO FY25 REVENUE CONTRIBUTION OB: 63 km AB: 33 km Assam, 5% Andhra Gujarat, 5% MH: 79 km Pradesh, 19% CK : 161 km SJ: 75 km Assam Pkg: 114 km Karnataka, Delhi Chat
Slide 9: NWPPL: Traffic & Revenue Performance
NWPPL: TRAFFIC & REVENUE PERFORMANCE Traffic Performance (In PCU) Revenue Performance (In INR cr) (4%) (1%) 9% (1%) 9% 9% 2% 7% (2%) 1% 10% (3%) 13% 11% 5% 12% 45,437 50,000 70 41,631 60 37,588 58 37,147 35,653 60 34,377 53 53 40,000 32,560 31,802 29,896 29,714 50 24,435 30,000 22,508 40 30 16,888 2
Slide 10: NEPPL: Traffic & Revenue Performance
NEPPL: TRAFFIC & REVENUE PERFORMANCE Traffic Performance (In PCU) Revenue Performance (In INR cr) 15% 9% (6%) 14% 11% 17% 24% 10% (2%) 16% 7% 18% 120 28,374 27,430 98 25,965 25,816 30,000 100 24,156 23,558 23,241 87 22,164 81 79 20,504 80 18,344 17,494 64 15,933 20,000 58 60 49 41 40 28 10,000 24 20
Slide 11: Strong Financial Performance
STRONG FINANCIAL PERFORMANCE Financial Performance (Consolidated) Rs in Cr FY 25 (Q2) FY 26 (Q2) Revenue from Operations – R1 & R2 Assets (SPV 1 NWPPL) 244 265 Revenue from Operations – R3 Assets (SPV 2 NEPPL) 323 349 Revenue from Operations – R4 Assets (SPV3 NSPPL) 0 388 Total Revenue from Operatio
Slide 12: Consistent Performance
CONSISTENT PERFORMANCE NAV & DISTRIBUTIONS NAV (INR / Unit) R4 137.3 R3 133.9 131.1 131.9 126.4 124.8 122.9 R2 119.5 116.5 113.5 R1 109.3 106.7 101.0 Nov-21 Mar-22 Oct-22 Dec-22 Mar-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Feb-25 Mar-25 Jun-25 Distributed INR FY 2022 FY 2023 FY 2024 FY 2025 Q1 FY 2026*
Slide 13: Environment, Health, Safety & Sustainability
ENVIRONMENT, HEALTH, SAFETY & SUSTAINABILITY 12 Kochugaon - Kaljhar
Slide 14: EHS Performance – Q2 FY26
EHS PERFORMANCE – | Q2 FY26 LEADING INDICATORS LAGGING INDICATORS Total Man Hours Worked – 29,63,912 Fatality - 0 Total Safe Man Hours Worked – 29,63,816 LTI (Lost time injury) - 2 Number of Toolbox Talk Conducted (Physical) – 9,135 Accident Frequency Rate – 2.04 Safety Review Meetings - 41 Number o
Slide 15: ESG Highlights – Q2 FY26
ESG HIGHLIGHTS – | Q2 FY26 The National Highways Infra Trust (NHIT) has been assigned an ESG rating that represents the second-highest category on the rating scale. This rating reflects NHIT’s strong position in managing ESG risks through superior disclosures, policies, and performance. Environment
Slide 16: Glossary
GLOSSARY AB Agra Bypass MORTH Ministry of Road Transport and Highways AP Abu Road - Palanpur NH National Highway AS Abu Road - Swaroopganj NHAI National Highway Authority of India ASP Assam Package (Dahalpara + Patgaon) NHIT National Highways Infra Trust BK Belgaum-Kagal O&M Operation and Maintenanc
Slide 17: Disclaimer
DISCLAIMER This presentation is prepared and issued by National Highways Infra Investment Managers Private Limited (the “Investment Manager”) on behalf of and in its capacity as the investment manager of National Highways Infra Trust (“NHIT”) for general information purposes only without regards to
Slide 18: Thank You
THANK YOU National Highways Infra Trust
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