Spml Infra Limited · NSE:SPMLINFRA
Spml Infra — Investor Presentation (April 2026)
40 slides from Spml Infra's investor presentation, Apr 20, 2026
Slide 1: Cover letter to stock exchanges
SP¥L Date: 20th April, 2026 National Stock Exchange BSE Limited Exchange Plaza, Phiroze Jeejeebhoy Towers Plot No. C/1, G Block, Dalal Street, Bandra (E), Mumbai-400051 Mumbai-400001 BSE Scrip Code: 500402) Sub: Investor Presentation Dear Sir(s), Pursuant to Regulation 30(6) of Securities and Exchan
Slide 2: Investor Presentation SPML Infra Limited April 2026
SP L Engineering \ Life INVFSTOR PRESENTATION SPML INFRA LIMITED April 2026 www.spml.co.in
Slide 3: Disclaimer
Disclaimer — S PN(L ' This document contains statements about expected future events and financial and operating results of SPML Infra Limited, which are forward-looking. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncerta
Slide 4: Company Overview
Company Overview Engineering \ Life
Slide 5: India's Leading Integrated Water Management Company
— India’s Leading Integrated Water Management Company with S Engineering P\(L Key focus on Water Wastewater & Energy Infrastructure Development | Life . Successfully completed 700+ turnkey Expertise in facilitating Turnkey end to end Water 4+ decades of experience ) , An1s0-9001:2015;14001:2015; pro
Slide 6: Journey
(O s Journey Incorporation Ventured into Initial Public Ventured into Completed 1st Industrial Completed an EPC Water EPC and Offering on Hydro Power Water Supply Project - project in record time management nation’s premier development Bakreswar Thermal Power for the Saurashtra Water projects exchan
Slide 7: Recognitions for Exemplary Project Executions
Recognitions for Exemplary Project Executions Build India Infra Award 2025 conferred for Water Infra project EPC World Awards 2023 for Outstanding Contribution in Urban Infrastructure (Water Project) Skoch Awards 2020 — Order of Merit Certificate for Kanpur Construction Times Awards 2023 for Best Wa
Slide 8: Experienced Board of Directors
E&rie??ced Board of Directors \ Subhash Sethi, Chairman Abhinandan Sethi, Managing Director Chairman of SPML Infra Limited and group companies, he has As the Managing Director, he is spearheading company’s passionately driven his mission to create lasting value for the business strategy, operations,
Slide 9: Experienced Board of Directors
E&rie?fi:ed Board of Directors \ Arundhuti Dhar, Independent Director Nita Karmakar, Independent Director * A Business Leader with diverse experience in HR, Banking, * 40+ years in finance, management, corporate affairs, project Finance, Trade, Infrastructure and Property Management with management,
Slide 10: Experienced Key Officials
E;Eriefl'rted Key Officials l’ Malay Kanti Chakraborti, Executive VP Vikas Sharma, VP — Finance and Accounts He has over 32 years of rich experience in the EPC sector, A CA & CS and PGCP from IIM Indore, has 23years of with extensive expertise in project management, experience in finance, accounting,
Slide 11: Experienced Key Officials
— -— Experienced Key Officials 'V Ahmad Sajid Khan, VP Design Engineering Partha Roy, VP - Legal & Contracts He is an accomplished engineering professional with over He has over 20 years of multi-sector experience in 32 years of expertise in design engineering and project management advisory and str
Slide 12: Business Model & Opportunity Landscape
Model & Opportuni Landscape Engineering \ Life
Slide 13: Business Segments: Diversified Presence Across Water, Power & Energy Storage
Business Segments Diversified Presence Across Water, Power & Energy Storage ; SPN(L Water Intake | Treatment | Distribution | Recycling & Return to Source * River to Reservoir: Bulk water abstraction, transmission pipelines, and reservoir construction; a core business vertical driving higher-margin
Slide 14: Water Sector Outlook
Water Sector Outlook Engineering \ Life
Slide 15: Robust Business Model
Robust Business Model SPML SPML manages complete water cycles with a focus on saving water and protecting resources Itincludes raw water intake through rivers/canals/sea, water treatment, pumping and water distribution & transmission to cities and industries for potable, service and process water ne
Slide 16: Securing India's Water Future through our business solutions
Securing India’s Water Future Water Supply and Distribution through our business solutions ~Rs. 1,150 cr, Isarda Dam, Rajasthan Drinking Water Supplyand Management projects Superior Execution Track Record 10yearsin O&M Water supply projects in Water EPC Sector e More than 300 km, 1500> mm diameter P
Slide 17: Build a Robust Order book
Build a Robust Order book Bid for fewer but larger projects with high margin fully funded and easy to execute S‘ P M . I_- Efficient mgmt. of Debtor Days Focus on Cash Rich States Robust selection of sub—contractors Basis their local presence, financial prowess and work execution ability Risk Averse
Slide 18: SPML Positioned to Capitalize Structural Tailwind in India's Water Infra Segment
SPML SPML Positioned to Capitalize Structural : ‘ Tailwind in India's Water Infra Segment India has a great opportunity to increase water supply infrastructure to meet growing demand Policy-Backed Water Infra Opportunity * Over Rs. 17 lakh crore pipeline of water infrastructure projects identified a
Slide 19: Energy
Engineering \ Life
Slide 20: Market Overview
Energy SPML Market Overview Pre-qualification to participate in BESS Tenders » Projections: As per Central Electric Authority (CEA), and National Electricity Plan (NEP) * By 2026-27: India will need about 34.72 GWh of energy storage capacity specifically from BESS. » Estimated Market Size: ~USD 8.4
Slide 21: Exclusive Tech Collaboration with Energy Vault
Exclusive Tech Collaboration with Energy Vault to Unlock Multi-GWh BESS Opportunity in India About Energy Vault About the Partnership Swiss-headquartered, NYSE-listed global leader in energy Exclusive 10-year agreement with Energy Vault storage for India Partnership guarantees world-class quality an
Slide 22: Battery Energy Storage Systems (BESS) Foray
Battery Energy Storage Systems (BESS) Foray SPML Leveraging SPML’s Proven Power EPC Expertise Proven EPC execution seamlessly translates to grid-scale BESS for smooth integration with existing infrastructure. The table below illustrates how SPML’s core strengths translate seamlessly into the executi
Slide 23: Powering India's Energy Storage Backbone
Powering India’s Energy Storage Backbone SPML gineening Building a Make-in-India BESS Integration Ecosystem * India’s renewable grid is entering its next growth phase — where energy storage becomes the new backbone of reliability, flexibility, and round-the- clock (RTC) power. * The government’s 20+
Slide 24: Capital-Efficient BESS Strategy
Capital-Efficient BESS Strategy SPML Why “Assembly + Integration” Is the Right Strategy Now SPML’s Advantage: ___ * Capital-efficient business model — Delivers faster RoCE and quicker payback i cycles. ;a'"tf"' Rs.4,000-6,000 Cr. Rs. 200-500 cr. (Inc. WC) v equirement * Execution-centric — Leverages
Slide 25: Execution Roadmap Underway
Exclusive Tech Collaboration with Energy Vault in place with Execution Roadmap Underway || oo sPML SPML has secured Phase 1 will deliver The company is This capacity will 99,000 sq. m. of 2.5 GWh of capacity committed to support industrial land at by Revenue potential of deploying 500 MWh multi-GWh
Slide 26: Operational Strength
Operational Strength Engineering \ Life
Slide 27: New Order Wins & L1 Position
New Order Wins & L1 Position Public Health Engineering Jal Jeevan Mission Project (JV with JWIL Rajasthan Department (PHED)-— Consortium Rural Water Supply + 10-yr O&M 1,438 Infra) (Bharatpur) with 51% share Madhya Pradesh Water Supply Project under AMRUT 2.0 Indore Municipal Corporation Urban Water
Slide 28: Capital Positioning
Capital Positioning Engineering \ Life
Slide 29: Resolution of Legacy Debt
—— NARCL/IDRCL — Resolution of Legacy Debt er oserinenring | Lifo No interest outgo on Significant Debt reduction Repayment from Track of early - debt and no $|, & withdrawal of all proceeds of @i’ repayment of the 9¢ . L repayment pressure actions of the lenders arbitration awards lenders’ liabilit
Slide 30: Promoter-backed Turnaround: Preferential Allotment
Preferential Allotment SPML Promoter-backed Turnaround Successfully raised funds through preferential allotment The Preferential allotment of Rs. 346 crore (including conversion of debt of the lenders and the promoters), involves Rs. 190 crore contribution from the promoters. This reflects their str
Slide 31: Credit rating by ICRA
SPML Infra Limited has been assigned a credit rating by ICRA nstrument [ICRA] BBB-(Stable); Long Term-Fund Based- Credit Facilities assigned (Rated amount — Rs. 538 crore) Long Term / Short Term [ICRA]IBBB-(Stable) Non Fund Based — [ICRA] (Rated amount — Rs. 500 crore) A3; assigned / Rs. 505 Cr enha
Slide 32: Financials
Financials Engineering \ Life
Slide 33: FY25 Financials (Standalone)
FY25 — Financials (Standalone) $_§« wonring | it *Revenue (Rs. cr) #EBITDA (Rs. cr) PAT (Rs. cr) 020 49.3 1,122.6 38.9 788.2 . . = FY24 FY25 FY24 FY25 FY24 FY25 Basic EPS (Rs) #EBITDA Margins PAT Margins 7.83 G52 g 3.98 3.5% — FY24 FY25 FY24 FY25 FY24 FY25 *After excluding the one-time Extra-ordinar
Slide 34: Q3 FY26 Financials (Standalone)
Q3 FY26 — 9l Financials (Standalone) éErR‘MuL Revenue (Rs. Cr) EBITDA (Rs. Cr) PAT (Rs. Cr) 231.1 20.5 191.9 198.6 26.3 19.8 15.3 14.2 10.4 . Q3FY25 Q2FY26 Q3FY26 Q3FY25 Q2FY26 Q3FY26 Q3FY25 Q2FY26 Q3FY26 EBITDA Margins (%) PAT Margins (%) 11.4% 8.9% 10.0% 7.7% 7.4% 5.4% Q3FY25 Q2FY26 Q3FY26 Q3FY25
Slide 35: 9M-FY26 Financials (Standalone)
9M - FY26 — Financials (Standalone) Revenue (Rs. cr) EBITDA (Rs. cr) PAT (Rs. cr) 596.3 594.0 61.7 47.9 49.2 l I l 9M-FY25 9IM-FY26 9M- FY25 9M- FY26 9M- FY25 9M- FY26 EBITDA Margins (%) PAT Margins (%) 8.1% 10.4% 8.3% ] I 9M - FY25 9M - FY26 9M - FY25 9M - FY26 Investor Presentation 9
Slide 36: Strengthening Balance Sheet (Standalone)
n — v Strengthening — Balance Sheet (Standalone) Debt to Equity (x) Debt to EBITDA (x) 7.20 6.02 ‘ 5.07 1.10 FY24 FY25 ™ .50 0.41 Current Ratio (x) 1.89 1.81 Fy24 FY25 Dec-25 FY24 FY25 Dec-25 *Aforesaid Debt figure is after accounting for IND AS Requirements
Slide 37: Environmental, Social, & Governance
Environmental, Social, & Governance Engineering \ Life
Slide 38: ESG focus areas and frameworks
Aligned to National & International Frameworks ESG focus areas identified by Management Water management | Wastewater management | Resource efficiency and waste management | | | Corporate Governance and Ethical Business Practices | Innovation and Digitization | Compliance and regulatory adherence Fi
Slide 39: About SPML Infra
About — SPML Infra SPML Infra Ltd. is a leading publicly listed infrastructure development company in India with a rich legacy encompassing over four decades. The company has executed and commissioned nearly 700 infrastructure projects across India, significantly contributing to the nation’s develop
Slide 40: SPML Infra Limited
SPML INFRA LIMITED Kapil Joshi — Investor.relations@spml.co.in sellna@ GoIndlaAdv 0 Engineering \ Life