Va Tech Wabag Limited · NSE:WABAG
Va Tech Wabag — Q4 FY2025 Earnings Presentation
41 slides from Va Tech Wabag's earnings presentation, May 2025
Slide 1: VA Tech Wabag Ltd Results Update Presentation Q4 & FY 2024-25
VA TECH WABAG LTD Results Update Presentation | Q4 & FY 2024-25
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by VA TECH WABAG LIMITED (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 3: Agenda
Agenda 1. The WABAG Group 04 2. Financial Performance 11 3. Order Book Analysis 22 4. Awards & Accolades 30 Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 3
Slide 4: The Wabag Group
The Wabag Group Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 4
Slide 5: Purpose, Vision, Mission and Values
PURPOSE Sustainable solutions for a better life VISION WABAGites enrich Life by Preserving Resources, Protecting Environment, Powering Economies through innovative & sustainable water solutions MISSION VALUES W Win-Win approach with Customer & every Stakeholder W Will to act decisively and commit to
Slide 6: Company history and milestones since 1924
Foundation of WABAG Initiation of water Completion of the Foundation of Acquisition of WABAG Wasserfilterbau technology activities by 3-stage acquisition of WABAG VA TECH WABAG Ltd., from Deutsche Babcock in Wroclaw J. Overhoff, Austria by Deutsche Babcock Chennai, India by VA TECH, Austria 1924 193
Slide 7: Among the World's Top Sustainable Solutions Providers
Largest Private Water Operator, Touched 96+ Mn lives globally Among the World’s Top Desalination Plant Suppliers Presence in 25+ Countries; 1,600+ Wabagites Sustainable Solutions across locations Desalination, Waste Water Treatment, Recycle & Reuse, Effluent Treatment, Drinking Water, 125+ IP Rights
Slide 8: Our Path to Net Zero
Our Path to Net Zero • Reduction of emissions under direct Reducing GHG emissions through control (scope 1 & scope 2) by 20% by our sustainable solutions Water Positive E 2035 through increase in renewable energy share • Increase water positivity by 25% thru treatment of 1.25 Trillion litres/year by
Slide 9: Governance: Shareholders, Board, Committees
• Long-term shareholder value creation Shareholders • Strong engagement through transparent communication • Balanced and diversified Board; 2/3rd are Non-Executive Directors Board • Experienced and vibrant Board of Directors with requisite skills and expertise • All seven committees are chaired by I
Slide 10: Biogas to CBG, PV Solar, Semiconductor, Digitalization
Biogas to CBG • Strategic tie up with ‘Peak Sustainability Ventures’ to establish 100 CBG plants • Collaborated with one of the leading technology provider for Bio-CNG Projects • Analyzing performance of installed plants to maximize biogas yield and minimize operational downtime • Actively working w
Slide 11: Financial Performance
Financial Performance Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 11
Slide 12: Financial and Business Highlights
FINANCIAL HIGHLIGHTS BUSINESS HIGHLIGHTS Consolidated • Strong Order Book of INR 137 Bn Robust Revenue Visibility FY25 Q4 FY25 (INR Million) • Long Term Credit Rating upgraded to AA-/Stable driven by Order Backlog 1,36,667 19% YoY improved consolidated operating performance & order mix • Entered i
Slide 13: Management Commentary on Performance
Wabag performance post implementation of the strategy - Wriddhi • Revenue grew from INR 29,793 Mn in FY2022 to INR 32,940 Mn in FY2025 • EBITDA growth of 20% (CAGR) from INR 2,483 Mn in FY2022 to INR 4,302 Mn in FY2025 • PAT growth of 31% (CAGR) from INR 1,319 Mn in FY2022 to INR 2,953 Mn in FY2025
Slide 14: Revenue, EBITDA, PAT and EPS trend
REVENUE : INR 32,940 Mn EBITDA : INR 4,302 Mn FY25 32,940 FY25 4,302 FY24 28,564 FY24 3,768 FY23 29,605 FY23 3,547 18% CAGR FY22 29,793 FY22 2,483 FY21 28,345 FY21 2,188 PAT : INR 2,953 Mn Basic EPS : INR 47.48 FY25 2,953 FY25 47.48 FY24 2,456 FY24 39.49 FY23 * 2,293 28% CAGR FY23 36.87 2.5X FY22 1,
Slide 15: 9th Consecutive Quarter of Net Cash Positive
Committed to our Long Term Strategy of Net Cash Positive INR Mn 9th Consecutive Quarter of Net Cash Positive 9,461 1.21 CGO to PAT FCF to PAT 7,056 6,433 6,587 5,149 1,156 1,166 1,096 1,166 4,018 3,790 622 884 3,442 1,085 3,615 3,375 (7) 3,465 3,135 3,093 3,058 (5) 2,735 2,797 2,537 2,405 2,132 2,17
Slide 16: Performance against Outlook
Order Book Revenues O&M at 20% 15 - 20% EBITDA RoCE >20% Net Cash 3x of of Total RoE >15% Outlook CAGR 13 - 15% Asset Light Positive Revenue Revenues (3-5 Years) INR 137 Bn Revenues EBITDA RoCE Net Cash O&M 18% RoE Strong Up 15.3% 13.1% of 18.4% Positive of FY25 14.9% Performance Order Book (YoY) FY
Slide 17: Consolidated Profit and Loss
INR Mn Particulars FY’25 FY’24 YoY % Q4 FY’25 Q4 FY’24 YoY % Revenue from Operations 32,940 28,564 15.3% 11,562 9,342 23.8% Cost of Sales 25,605 21,667 9,523 7,252 Total Cost of Operations (TCO) 3,112 3,140 623 838 Forex Loss/(Gain) (79) (11) 8 97 EBITDA 4,302 3,768 14.2% 1,408 1,155 21.9% EBITDA Ma
Slide 18: Standalone Profit and Loss
INR Mn Particulars FY’25 FY’24 YoY % Q4 FY’25 Q4 FY’24 YoY % Revenue from Operations 28,738 25,097 14.5% 10,385 7,719 34.5% Cost of Sales 22,255 19,294 8,579 6,101 Total Cost of Operations (TCO) 2,615 2,319 439 501 Forex Loss/(Gain) (161) (94) (23) 29 EBITDA 4,029 3,577 12.6% 1,390 1,088 27.7% EBITD
Slide 19: Balance Sheet
INR Mn Consolidated Standalone Particulars FY’25 FY’24 FY’25 FY’24 Total Equity (Net Worth) 21,450 18,239 17,836 14,962 Non-Current Payables 2,274 1,283 2,334 1,329 Trade Payables 10,458 10,283 9,659 8,866 Borrowings 3,573 2,806 2,335 1,642 Other Non-Current Liabilities 1,982 2,786 1,884 2,653 Other
Slide 20: Cash Flow
INR Mn FY’25 FY’24 Particulars Consolidated Standalone Consolidated Standalone Net cash generated from / (used in) 3,552 4,211 1,335 2,650 operations Net cash generated from / (used) in (1,210) (1,431) 841 (44) investing activities Net cash generated from financing activities 340 452 436 (569) Cash
Slide 21: Stock Performance, Stock Information and Shareholding
Stock Performance (FY - 2025) 1,455 WABAG 88% 775 NIFT50 5% 22,462 23,519 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Stock Information (As on 31st March 2025) Shareholding Pattern (As on 31st March 2025) Promoters Face Value (INR) 2 19.13% Closing Market Pric
Slide 22: Order Book Analysis
Order Book Analysis Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 22
Slide 23: Revenue and Order Backlog Growth: Consolidated
INR Mn Revenue Growth (YoY) 13% Order Backlog Growth (YoY) 23% 71% 38% 23% 15% 5,483 2,207 13,250 19% 5,374 7,745 7,366 28% 13% 7,767 41% 9,573 87% 57,851 81% 72% 50,106 19,405 59% 14,031 FY24 FY25 FY25 Opening FY25 Closing Municipal Industrial Municipal Industrial 12% 15% 44% 1,406 1,761 1% 12,961
Slide 24: Revenue and Order Backlog Growth: Segment Split
INR Mn Revenue Growth (YoY) 28% Order Backlog Growth (YoY) 20% 8% 257% 32% 56 2% 8,148 11,315 21% 787 13% 1,266 3,166 651 7% 16% 731 5,202 87% 93% 41,770 42,422 79% 84% 3,935 FY24 FY25 FY25 Opening FY25 Closing Municipal Industrial Municipal Industrial 13% 33% 20% 27% 593 419 4,994 9% 8,207 904 1,68
Slide 25: Revenue and Order Book Growth by EPC, O&M, Segment, Geography
INR Mn Revenue Growth (YoY) 16% 28% 14% 13% 21% 18% 1,323 37% 1,825 3,167 5,989 18% 2,151 2,665 6,641 17% 4,666 8,153 25% 15,219 46% 47% 13,394 36% 10,304 26,771 82% 83% 23,604 75% 24,607 64% 17,966 53% 17,541 54% 14,876 FY24 FY25 FY24 FY25 FY24 FY25 EPC O&M Municipal Industrial India RoW Order Book
Slide 26: Revenue by Business Offering, Customer Segment and Geography
INR Mn By Business Offering & Customer Segment By Geography EPC (INR Bn) Municipal Industrial Total Total EPC 19,405 7,366 26,771 India 17,541 O&M 5,202 787 5,989 Overseas 15,219 23.6 26.8 Grand Total 24,607 8,153 32,760 Grand Total 32,760 FY 24 FY 25 O&M (INR Bn) 82% 18% 75% 25% 54% 46% 6.0 4.7 EPC
Slide 27: Order Intake and Key Orders
INR Mn By Business Offering & Customer Segment By Geography Municipal Industrial Total Total EPC EPC 28,160 13,046 41,206 India 26,957 72% 28% O&M O&M 6,739 8,974 15,712 Overseas 29,961 Grand Total 34,898 22,020 56,918 Grand Total 56,918 Municipal Key Orders Nature Amount* 61% 39% Industrial 200 MLD
Slide 28: Order Book by Offering, Segment and Geography
INR Mn By Business Offering & Customer Segment By Geography Municipal Industrial Total Total EPC 57,851 13,250 71,101 India 77,112 O&M 42,422 11,315 53,736 Overseas 47,726 Framework 11,830 Framework 11,830 54 Grand Total 1,00,273 24,565 1,36,667 Grand Total 1,36,667 45 71 58 FY25 Opening FY25 Closin
Slide 29: Key Contracts in Order Book
INR Mn Key Contracts in Order book Amount** Key Framework Contracts # Amount** Libya STP ## 6,114 400 MLD Perur, Chennai – Desalination* 25,647 Bomba MED, Libya 5,716 200 MLD Al Haer ESC, KSA- ISTP 14,207 UPJN, O&M of Agra & Ghaziabad – OCOO 9,871 19% 100 MLD Indosol, Andhra Pradesh – Desalination 9
Slide 30: Awards & Accolades
Awards & Accolades Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 30
Slide 31: Double Honour at Water Digest World Water Awards 2024-25
‘𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗪𝗮𝘁𝗲𝗿 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻 𝗣𝗿𝗼𝘃𝗶𝗱𝗲𝗿 – 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹’ and ‘𝗕𝗲𝘀𝘁 𝗦𝗧𝗣/𝗘𝗧𝗣/𝗪𝗪𝗧𝗣 – 𝗣𝗿𝗶𝘃𝗮𝘁𝗲’ at 𝗪𝗮𝘁𝗲𝗿 𝗗𝗶𝗴𝗲𝘀𝘁 𝗪𝗼𝗿𝗹𝗱 𝗪𝗮𝘁𝗲𝗿 𝗔𝘄𝗮𝗿𝗱𝘀 𝟮𝟬𝟮𝟰-𝟮𝟱 𝗗𝗼𝘂𝗯𝗹𝗲 𝗛𝗼𝗻𝗼𝘂𝗿 𝗳𝗼𝗿 𝗪𝗔𝗕𝗔𝗚 𝗮𝘁 𝘁𝗵𝗲 𝗪𝗮𝘁𝗲𝗿 𝗗𝗶𝗴𝗲𝘀𝘁…
Slide 32: Global Water Awards 2025 and CII EHS Excellence Awards 2024
‘Distinction Award under the Water Reuse ‘Gold Award for Perur Desalination Project and Project of the Year category for our flagship Bronze Award for RIL Jamnagar SWRO Project, Ghaziabad TTRO Plant’ in the Construction Sector ’ Global Water Awards 2025 CII Southern Region EHS Excellence Awards 2024
Slide 33: WABAG House receives Triple Recognition from CII-IGBC
“WABAG House receives Triple Recognition from CII-IGBC” Building and sustaining a 𝗪𝗔𝗕𝗔𝗚 𝗛𝗼𝘂𝘀𝗲 has been awarded 𝗣𝗹𝗮𝘁𝗶𝗻𝘂𝗺 𝗥𝗲𝗰𝗲𝗿𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 by 𝗖𝗜𝗜-𝗜𝗚𝗕𝗖 for the High-Trust, High-Performance Culture third consecutive time, valid for three years. It has also been…
Slide 34: Thank You
Thank You Company IR Advisors VA Tech Wabag Ltd. Adfactors PR Pvt. Ltd. CIN - L45205TN1995PLC030231 CIN - U74140MH1997PTC110210 Mr. Skandaprasad Seetharaman Ms. Savli Mangle Group Chief Financial Officer Vice President investors@wabag.in | www.wabag.com savli.mangle@adfactorspr.com | www.adfactorspr
Slide 35: Annexures
Annexures Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 35
Slide 36: Serving clients in Municipal and Industrial segments
Municipal Industrial Serving clients in…. Municipal Water & Waste Water Funding Agencies Oil & Gas Power plants Steel Food & Beverages Fertilizer Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 Industrial parks 36
Slide 37: Reference plants across India and the world
Al Madina Al Shamaliya 40 MLD 102 MLD Industrial Effluent Sewage Treatment Plant, Bahrain Treatment Plant for PETRONAS, Awarded Wastewater Project of the Malaysia Year at Global Water Awards, 2019 Largest industrial Effluent Treatment Plant in Southeast Asia 191 MLD SWRO (Desalination) 140 MLD Sewag
Slide 38: Reference plants: sewage, drinking water and reuse
110 MLD Sewage Treatment 130 MLD Drinking Water Plant, Kodungaiyur, Chennai, Treatment Plant, Tanzania India First water project in Africa to be One of the most energy efficient and commissioned under EXIM India energy neutral STPs in the country funding 40 MLD Madinaty Wastewater 14 Sarneraatal WWT
Slide 39: Managing 195 crore liters each day, River Ganga
Managing over 195 crore liters each day Ensuring Aviralta & Nirmalta of River Ganga Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 39
Slide 40: Sewage Treatment O&M in Agra and Ghaziabad
Ensuring sustainable and healthy Environment for the citizens of Agra and Ghaziabad, India Ghaziabad 462 MLD Sewage Treatment at 15 STPs & 15 Pumping Stations Resolving SEWER NETWORK issues promptly and ensuring customer satisfaction Ensuring functioning of the PUMPING STATIONS efficiently, roun
Slide 41: Thank You
Thank You Company IR Advisors VA Tech Wabag Ltd. Adfactors PR Pvt. Ltd. CIN - L45205TN1995PLC030231 CIN - U74140MH1997PTC110210 Mr. Skandaprasad Seetharaman Ms. Savli Mangle Group Chief Financial Officer Vice President investors@wabag.in | www.wabag.com savli.mangle@adfactorspr.com | www.adfactorspr