Indus Infra Trust · NSE:INDUSINVIT
Indus Infra Trust — Q4 FY25 Earnings Presentation
28 slides from Indus Infra Trust's earnings presentation, May 8, 2025
Slide 1: Cover letter to stock exchanges
8th May 2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C‐1, Block G Dalal Street, Bandra‐Kurla Complex, Bandra(E) Mumbai – 400001 Mumbai ‐400051 Scrip Code: 544137 Symbol: INDUSINVIT Subject: Investor Presentation on the Financial Information of I
Slide 2: Investor Presentation Q4 FY25
GR Highways Investment Manager Private Limited Investor Presentation Q4 FY25
Slide 3: Disclaimer
Disclaimer • This presentation is issued by GR Highways Investment Manager Private Limited (the “Investment Manager”) on behalf of Indus Infra Trust erstwhile Bharat Highways InvIT (“the Trust”) for general information purposes only, without regard to specific objectives, suitability, financial situ
Slide 4: Disclaimer
Disclaimer • This presentation may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and if given or made, such information or
Slide 5: Index
Index Financial Highlights 5 Distribution 8 Debt profile & Unitholding Pattern 10 Acquisition Completed in Q4 FY 25 13 Asset Portfolio 15 Overview of Indus Infra Trust 18 Board and its Committees 24 4
Slide 6: Financial Highlights
-4 INDUS INFRA TRUST FINANCIAL HIGHLIGHTS
Slide 7: Standalone Financial Highlights
Standalone Financial Highlights Rs. In Million QY ended HY ended FY ended Particulars 31.03.2025 31.12.2024 31.03.2025 30.09.2024 31.03.2025 31.03.2024 Total Income 3,781.18 2,094.29 5,875.47 8,633.27 14,508.74 296.44 Total Expenses 2,199.88 360.13 2,560.01 5,282.33 7,842.34 38.22 EBITDA 1,581.30* 1
Slide 8: Consolidated Financial Highlights
Consolidated Financial Highlights Rs. In Million QY ended HY ended FY ended Particulars 31.03.2025 31.12.2024 31.03.2025 30.09.2024 31.03.2025 31.03.2024 Total Income 2,685.86 2,244.73 4,930.59 3,625.38 8,555.97 1,286.22 Total Expenses 782.11 617.56 1,399.67 836.77 2,236.44 839.19 EBITDA 1,903.75 1,
Slide 9: Distribution
-4 INDUS INFRA TRUST DISTRIBUTION
Slide 10: Distribution: DPU Rs. 2.25 per unit
DPU: Rs. 2.25/- per unit - Interest: Rs. 0.96/- per unit, Dividend: Rs. 1.05/- per unit, Return of Capital Rs. 0.24/- per unit 410.26 4,243.50 3,851.11 17.32 Rs. In Million (143.30) (150.70) (17.87) (741.15) (8.00) 37.21 999.08 996.61 (2,255.80) *cash flow from operations 9
Slide 11: Debt Profile and Unitholding Pattern
DEBT PROFILE AND UNITHOLDING PATTERN 10
Slide 12: Debt Profile
Debt Profile Credit Rating As on 31st March 2025 Rs. In Million AAA/Stable Particulars Standalone Consolidated External Debt 17,501.78 21,442.66 • External debt of Rs. 394.09 Crore was outstanding in ** GR Galgalia Bahadurganj Highway Private Limited as AAA/Stable on March 31, 2025 AAA/Stable 11
Slide 13: Unitholding Pattern
Unitholding Pattern Category wise distribution (%age) Top Five Public Unitholders Unitholding % 70 57.88 57.88 G R Infraprojects Limited 43.56 60 50 HDFC Mutual Fund 3.96 40 27.11 27.11 Kotak Mutual Fund 3.87 30 20 15 15 ICICI Mutual Fund 2.71 10 DSP Mutual Fund 2.58 0 Dec-24 Mar-25 Total 56.68 Inst
Slide 14: Acquisition Completed During the Quarter (Q4 FY 25)
ACQUISITION COMPLETED DURING THE QUARTER (Q4 FY 25) 13
Slide 15: ROFO Asset: GR Galgalia Bahadurganj Highway Private Limited
ROFO Asset : GR Galgalia Bahadurganj Highway Private Limited (GGBHPL) Four laning from Galgalia (Design km 0.000) to Bahadurganj (Design km 49.000) Project (Design Length = 49.000 km) Package-I in the State of Bihar under Bharatmala Pariyojana on Hybrid Annuity Mode Lane Km 196 Km National Highway N
Slide 16: Asset Portfolio
-4 INDUS INFRA TRUST ASSET PORTFOLIO 15
Slide 17: Assets Portfolio
Assets Portfolio GR Phagwara Expressway Ltd. (5) State: Punjab Type/ Design length: 4 lane/ 80.82 kms GR Aligarh Kanpur Highway Pvt. Ltd. (8) Pavement Details – 11.26 kms Rigid & 69.56 kms Flexible State: Uttar Pradesh Type/ Design length: 4 lane/ 347.296 kms GR Dwarka Devariya Highway Pvt. Ltd. (2)
Slide 18: Project details
Project details 59 annuities ~617 Km ~9.91 – 14.02 Years 9 HAM Projects Residual received Total Length Concession period Annuities Total Design End of Residual Bid Project Receivable No. of Awarding Annuities Project Length Location State Appointed Date Concession PCOD Concession Cost (as on Annuiti
Slide 19: Overview: Indus Infra Trust
OVERVIEW: INDUS INFRA TRUST 18
Slide 20: Overview
Overview • Successfully Listed on 12th March 2024 at NSE & BSE Listing • First ever HAM focused Public Listed Infrastructure Investment Trust (InvIT) Investor • Institutional Investors subscription for the issue was 9.1x Response • Non-Institutional Investors subscription for the issue was 6.25x • D
Slide 21: Group Structure
Group Structure G R Highways Investment Manager G R Infraprojects Limited Aadharshila Infratech Private Limited Private Limited (The Transferor) (Sponsor & Project Manager) (Investment Manager) 15% 85% Public Unitholders IDBI Trusteeship (Investors) Services Limited (Trustee) Indus Infra Trust 100%
Slide 22: Key Milestones
Key Milestones June 2022 August 2022 March 2024 September 2024 November 2024 March 2025 Incorporation Receipt of SEBI Listing of Units Acquisition of Name changed Acquisition of of Bharat Registration GAKHPL, the to Indus Infra GGBHPL, Highways InvIT First ROFO Trust Second ROFO Asset from G R Asset
Slide 23: Our Strategy
Our Strategy Expanding portfolio of road Institute and Maintain Capital Active Asset Management assets Management Policies Asset management through the services of Proposed ROFO Agreement - InvIT will have Maximize distributions to Unitholders while the Project Manager and the Investment a right of
Slide 24: Competitive Strengths
Competitive Strengths ROFO with GRIL right of first offer to acquire certain assets of Steady nature of GRIL income Pre-determined Hedge against annuity payments Long term adverse interest with zero traffic concession rate movements risk agreement NHAI HAM projects Weighted average provide a natural
Slide 25: Board of Directors and KMPs
BOARD OF DIRECTORS AND KMPs 24
Slide 26: Board of Directors & KMPs
Board of Directors & KMPs Board of Directors Ajendra Kumar Agarwal Raghav Chandra Deepak Maheshwari Chairman & Non-executive Director Independent Director Independent Director • Managing director on the board of directors • 35+ years of experience in areas including public • 40+ years of experience
Slide 27: Abbreviations
Abbreviations Name Abbreviation Porbandar Dwarka Expressway Private Limited PDEPL GR Dwarka Devariya Highway Private Limited GDDHPL GR Akkalkot Solapur Highway Private Limited GASHPL GR Sangli Solapur Highway Private Limited GSSHPL GR Phagwara Expressway Limited GPEL Varanasi Sangam Expressway Priva
Slide 28: Thank You
-4 INDUS INFRA TRUST THANKYOU 27