Vertis Infrastructure Trust Units · NSE:VERTIS
Vertis Infrastructure Trust Units — Highways Infrastructure Trust — Investor Presentation (June 2025)
42 slides from Vertis Infrastructure Trust Units's investor presentation, June 2025
Slide 1: Highways Infrastructure Trust Corporate Presentation
Highways Infrastructure Trust CORPORATE PRESENTATION June 2025 WWW.HIGHWAYSTRUST.COM
Slide 2: Disclaimer
Disclaimer This presentation has been prepared and issued by Highway Concessions One Private Limited (the “Investment Manager”), in its capacity as the investment manager of Highways Infrastructure Trust (“Highways Infra Trust” or the “InvIT”), solely for general information purposes and does not co
Slide 3: Table of Contents
Table of Contents 01 About HIT 02 Strategic Differentiators 03 Portfolio Overview 04 Platform Capabilities 05 Industry Overview 06 Annexure Shillong Expressway Private Limited (SEPL) 3
Slide 4: About HIT
01 About HIT North Telangana Expressway Private Limited (NTEPL)
Slide 5: Overview
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview Overview Fastest growing scaled up InvIT in one of the world’s largest roads markets Portfolio size of 27 assets Highways Infrastructure Trust (HIT) is one of India’s largest infrastructure investment trus
Slide 6: InvIT Structure
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview InvIT Structure Others Funds managed / advised Existing portfolio of Signed pipeline of 2 Sponsor 71.7% 24.99% 3.3% by KKR and its affiliates 11 Toll and 16 assets (1 HAM and 1 (Sponsor) Annuity/HAM assets
Slide 7: Journey So Far
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview Journey So Far Aug-Sep’22 Aug-Oct‘23 Jan’24 Jun-Sep’24 Jan- Feb’25 May’25 • Listing of units at value • Completed acquisition • Completed acquisition • Completed acquisition • Achieved appointed • Complete
Slide 8: Key Platform Metrics
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview Key Platform Metrics Cumulative unit capital investment of INR 129 bn in the platform till date 8,088 c.INR 259 bn INR 45.1 6.1% Lane km AUM(2) Cumulative DPU Toll traffic since listing 6 yr CAGR (FY19-25)
Slide 9: Strategic Differentiators
02 Strategic Differentiators Godhra Expressways Private Limited (GEPL)
Slide 10: Key Strategic Differentiators for HIT
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview Key Strategic Differentiators for HIT 1 Balanced InvIT portfolio of scale with demonstrated AUM growth Diversified toll portfolio with exposure to key traffic corridors. Balanced geographical and commodity
Slide 11: Balanced InvIT Portfolio of Scale with Demonstrated AUM Growth
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview 1 Balanced InvIT Portfolio of Scale with Demonstrated AUM Growth Only InvIT portfolio of scale with balanced mix of toll and annuity assets Fastest growing InvIT platform of scale Balanced portfolio compar
Slide 12: Diversified Toll Portfolio with Exposure to Key Traffic Corridors
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview 2 Diversified Toll Portfolio with Exposure to Key Traffic Corridors Toll projects spread across seven states that collectively contribute approximately 45% of Srinagar India's GDP. Assets are positioned al
Slide 13: Balanced Geographical and Commodity Mix Reduces Traffic Risk
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview 2 Balanced Geographical and Commodity Mix Reduces Traffic Risk Balanced geographical mix for traffic(1) Diversified commodity mix(2) State GDP CAGR (FY19-24) as Industrial goods; multiplier of India GDP CA
Slide 14: Portfolio to Benefit from Favorable Macroeconomic Tailwinds
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview 3 Portfolio to Benefit from Favorable Macroeconomic Tailwinds Tourist Emergence of Nagpur and Hyderabad as key logistics and warehousing hubs Metro cities due to their strategic location and connectivity P
Slide 15: High Quality Annuity/HAM Assets with Stable Cashflows
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview 4 High Quality Annuity/ HAM Assets with Stable Cashflows Low Counterparty Risk Substantial BPC(1) Premium of c.29% Final COD for All Projects All annuity and HAM assets contracted Assets acquired from repu
Slide 16: Track Record of Industry Leading and Consistent Distributions
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview 5 Track Record of Industry Leading and Consistent Distributions Cumulative distributions of INR 45.1 / unit since listing in Aug 2022 16.2 16.6 12.3 >> 16.2 without dilution DPU (INR /unit) 9.4 Pref issue
Slide 17: Strong Governance Backed by Experienced Leadership
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview 6 Strong Governance Backed by Experienced Leadership Experienced Backed by Marquee Strong Governance Deeply Rooted ESG Management Investors Framework and Safety Culture • Joint CEO model providing strategi
Slide 18: Portfolio Overview
03 Portfolio Overview Swarna Tollway Private Limited – Nandigama Ibrahimpatnam (STPL-NI)
Slide 19: Portfolio Snapshot
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview Portfolio Snapshot Diversified portfolio of 27 assets (25 SPVs) across 10 states Toll Assets Annuity Assets HAM Assets 8,088 6.1%(1) 14.8 years 14-16 25 Lane km Traffic CAGR (FY19-25) Operating History 17
Slide 20: Toll Assets Summary
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview Toll Assets Summary # of assets 1 2 3 4 5 6 7 8 9 10 11 1 Project Name GEPL DBCPL JPEPL UEPL UTPL GRICL-VH GRICL-AM STPL-NI STPL-TN BETPL NTEPL Madhya Andhra Andhra 2 State Gujarat Rajasthan Tamil Nadu Kar
Slide 21: Healthy Traffic Growth in Toll Portfolio
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview Healthy Traffic Growth in Toll Portfolio Projected PCU CAGR Project PCU CAGR Future Traffic Drivers (FY19-FY25) till CA end • Connectivity to expanding industrial hubs in Gujarat (Dholera, Sanand) and MP (
Slide 22: Annuity / HAM Assets Summary
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview Annuity / HAM Assets Summary # of assets 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 1 Project name NBL SEL RA RB AN GS DL AK2 CA JK1 JK2 AK5 JF MN CD UL Concessioning 2 NHAI NHAI NHAI NHAI NHAI NHAI N
Slide 23: Platform Capabilities
04 Platform Capabilities Ateli Narnaul Highway Private Limited (ANHPL)
Slide 24: Strategic Platform for Sustained Competitive Advantages
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview Strategic Platform for Sustained Competitive Advantages Fully Independent Platform with End-to-End Capabilities 1 Superior Asset Acquisition and Integration Capability 2 Efficient Tolling and Revenue Assur
Slide 25: Superior Asset Acquisition and Integration Capability
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview 1 Superior Asset Acquisition and Integration Capability Acquired 21 assets taking AUM to c.5x since listing. Only prominent InvIT to drive growth through acquisition of non-sponsor assets • End to end in-h
Slide 26: Efficient Tolling and Revenue Assurance Framework
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview 2 Efficient Tolling and Revenue Assurance Framework Enhancing revenue assurance in toll operations through 4-pronged approach Prevention • Technological interventions such as RFID handheld readers, Remote
Slide 27: Operational Excellence while Ensuring Cost Efficiencies (1/2)
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview 3 Operational Excellence while Ensuring Cost Efficiencies (1/2) Lean, technology enabled O&M model delivering strong operational control and cost efficiencies Lean and agile O&M team structure Focus on cos
Slide 28: Operational Excellence while Ensuring Cost Efficiencies (2/2)
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview 3 Operational Excellence while Ensuring Cost Efficiencies (2/2) Innovative and curated major maintenance strategies for each asset Information driven structured approach Case Study: Stone Matrix Asphalt (S
Slide 29: Best in Class Financing Capability
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview 4 Best in Class Financing Capability Debt Mix(1) Strategic Approach to Financing Fixed, 20.0% Potential to optimise • Optimal financing mix (floating vs fixed rate) based on HAM annuity outstanding mitigat
Slide 30: Highly Experienced Management Team
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview 5 Highly Experienced Management Team Investment Manager Team Project Manager Team Mr. Gaurav Chandna Dr. Zafar Khan Mr. Abhishek Chhajer Ms. Meghana Singh Mr. GVK Kiran Babu (Joint CEO and Executive (Joint
Slide 31: Distinguished Board with Multi-domain Expertise (1/2)
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview 5 Distinguished Board with Multi-domain Expertise (1/2) Strong governance oversight by Independent Directors with multi-domain expertise c.40 Years of Experience c.38 c.30 Years of Experience Years of Expe
Slide 32: Distinguished Board with Multi-domain Expertise (2/2)
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview 5 Distinguished Board with Multi-domain Expertise (2/2) Non-Executive and Nominee Directors with strong expertise in infrastructure investments Mr. Hardik Shah Ms. Ami Momaya Mr. Michael Nachaty (Non-Execu
Slide 33: Robust IT Framework as Backbone for Seamless Operations
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview 6 Robust IT Framework as Backbone for Seamless Operations Future-ready digital ecosystem ensuring scalable control, data integrity and operational resilience Digitization of processes to Data integrity thr
Slide 34: Safety at Core of Operations
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview 7 Safety at Core of Operations Staff and contractor workforce safety is a top priority Safety Ownership at all Comprehensive Safety Structured Safety Strong Monitoring 99% Organizational Levels Procedures
Slide 35: Deeply Rooted ESG Framework
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview 8 Deeply Rooted ESG Framework Environmental Social EDUCATION 2,340 1,500 10 skill development centres across trained received 5 states jobs 668 kW Electric Vehicles 100% 1,498 ton CO2e Solar installations
Slide 36: Industry Overview
05 Industry Overview Gurgaon Sohna Highway Private Limited (GSHPL)
Slide 37: Road Sector benefits from Positive Industry Tailwinds
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview Road Sector benefits from Positive Industry Tailwinds India: Fastest Growing Major Economy Strong Growth in GST Collections Healthy Growth in Automobile Sales Real GDP growth (%) Gross GST Collections (INR
Slide 38: Large Market Opportunity for Road InvITs
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview Large Market Opportunity for Road InvITs Operational HAM and BOT Toll assets market opportunity of c.INR 3.1 tn over the next 5 years NHAI Awarding Mix (Road Length in km) • Future pace of NHAI awards is e
Slide 39: Roads as Preferred Asset Class for InvITs
About HIT Strategic Differentiators Portfolio Overview Platform Capabilities Industry Overview Roads as Preferred Asset Class for InvITs Cashflow Predictability with Growth Upside Large Market Opportunity Road concessions provide upside of traffic growth and stability of NHAI’s large road capex prog
Slide 40: Annexure
06 Annexure Udupi Tollway Private Limited (UTPL)
Slide 41: Key Features and Benefits of an InvIT
Key Features and Benefits of an InvIT Governed by SEBI regulations, InvITs present multiple benefits across infrastructure value chain Regular Yields ✓ Minimum 90% NDCF distributed to unitholders • Low risk and high yielding investment option benefiting long term investors Derisked Cashflows • Facil
Slide 42: Glossary of Terms
Glossary of Terms ABAC Anti-Bribery and Anti-Corruption FY For the year ended March MoRTH Ministry of Road Transport and Highways AK2 Aligarh Kanpur (Package 2) GDP Gross Domestic Product MPRDC Madhya Pradesh Road Development Corporation AK5 Aligarh Kanpur (Package 5) GEPL Godhra Expressways Private
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