Anantam Highways Trust · NSE:ANANTAM
Anantam Highways Trust — Q3 FY26 Earnings Presentation
23 slides from Anantam Highways Trust's earnings presentation, Feb 11, 2026
Slide 1: Intimation of Investor Presentation to Stock Exchanges
Date: February 11, 2026 To, National Stock Exchange of India Limited BSE Limited Listing Compliance Department Exchange Corporate Relationship Department Plaza, C-1, Block-G Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Dalal Bandra (E), Mumbai-40005 Street, Fort, Mumbai-400001 Symbol: ANANTAM BS
Slide 2: Investor Presentation FY 26-Q3
Investor Presentation FY 26-Q3
Slide 3: Disclaimer
Disclaimer • By reading this presentation (the “Presentation”), you agree to be bound by the following limitations: This Presentation is for information purposes only without regard to specific objectives, financial situations or needs of any particular person, and should not be disclosed, reproduce
Slide 4: Disclaimer
Disclaimer • None of the Trust or the Sponsor / Sponsor Group Entities or the Investment Manager or the Axis Trusteeship Services Limited or any of their respective affiliates, advisers or representatives accept any liability whatsoever for any loss howsoever arising from any information presented o
Slide 5: Core Strategic Pillars
Core Strategic Pillars A high-quality, low-risk HAM portfolio with ~13.08 years of residual concession life, delivering 1 predictable government-backed cash flows with no traffic risk. A differentiated platform combining Alpha Alternatives’ strategic investment 2 management leadership and Dilip Buil
Slide 6: Financial Highlights
Financial Highlights Distribution Debt Profile and Unit Holding Pattern Asset Portfolio Overview of AHT Trust Board and KMPs
Slide 7: Q3FY26 Highlights
Q3FY26 Highlights Particulars Consolidated Standalone Q.E. 31.12.2025 Q.E. 30.09.2025 P.E. 31.12.2025 Q.E. 31.12.2025 Q.E. 30.09.2025 P.E. 31.12.2025 Total Revenue 1,237.62 - 1,237.62 840.29 - 840.29 Total Expense 181.54 15.91 213.54 24.70 15.91 56.70 EBITDA 1,056.07 (15.91) 1,024.08 815.59 (15.91)
Slide 8: Distribution
Financial Highlights Distribution Debt Profile and Unit Holding Pattern Asset Portfolio Overview of AHT Trust Board and KMPs
Slide 9: NDCF Q3 FY 2026
NDCF Q3 FY 2026 ₹ in Million Increase Decrease Total 6,000 DPU: Rs. 2.500/- per unit; - Interest: Rs. 1.080/- Per unit 5,000 1,856 101 - Principal payment: Rs. 1.415/- Per unit - Other income: Rs 0.005/- Per unit 4,000 3,143 3,000 -114 2,000 -3,492 1,000 -775 544 544 -175 - Operating Cashflow Operat
Slide 10: Debt Profile and Unit Holding Pattern
Financial Highlights Distribution Debt Profile and Unit Holding Pattern Asset Portfolio Overview of AHT Trust Board and KMPs
Slide 11: Debt profile
Debt profile Debt outstanding: Rs 21,570.86 Credit Rating: AAA / Stable Net Debt / AUM : 42.11% million Cost of Debt: 7.5% pa By India Ratings and Care As on 31 Dec 2025 As on 31 Dec 2025 Ratings Repaid Operating cash flows are sufficient to fully cover loan repayments, materially Outstanding Lender
Slide 12: Unitholding Pattern as on 31st Dec 2025
Unitholding Pattern as on 31st Dec 2025 Investor Count % Holding Retail Public, 3% Corporates Foreign Investors 1% 1% Sponsor Group, 38% Corporates, 53% Institution Public (Insurance company, 98% MF, AIF and NBFC), 6% Category Client Count % Holding Retail Public 4,589 3% Corporates 51 53% FPI and N
Slide 13: Asset Portfolio
Financial Highlights Distribution Debt Profile and Unit Holding Pattern Asset Portfolio Overview of AHT Trust Board and KMPs
Slide 14: Portfolio of Assets
Portfolio of Assets ~13.08 yrs Residual Concession ~271.65 km length ~1,086.60 lane km period DHROL BHADRA NARENPUR PURNIA Lanes/ Length 4 Lanes / 50.45 Kms Lanes/ Length 4 Lanes / 47.4 Kms Pavement Type Rigid Pavement Type Flexible COD February 14, 2025 COD June 27, 2024 DODABALLAPUR REPALLEWADA La
Slide 15: Overview of AHT Trust
Financial Highlights Distribution Debt Profile and Unit Holding Pattern Asset Portfolio Overview of AHT Trust Board and KMPs
Slide 16: AHT InvIT Structure
AHT InvIT Structure Sets up InvIT Appoints Trustee Unitholders Sponsor Pool Money to fund InvIT Assets (Financial Institutions, (Alpha Alternatives Fund Advisors LLP) Corporates, Individuals, others, both domestic and Dividend, Interest, foreign) 100% Capital Gain 100% Investment Decisions Investmen
Slide 17: Overview: Anantam Highways Trust
Overview : Anantam Highways Trust ₹ in Million Listing • Successfully Listed on 16th October 2025 at NSE & BSE • Institututional Investor subscription for the issue was 2.4x Investor • Non- Institutional Investor subscription for the issue was 8.2x Response • Anchor Investor subscription for the iss
Slide 18: Key Strengths of Anantam Highways Trust
Key Strengths of Anantam Highways Trust Strong support from Alpha Skilled and experienced Strong O&M Support and Alternatives1 management team with a focus favorable O&M structure with on corporate governance DBL Sponsor is a multi-asset class Skilled team with several years DBL, a leading Ind
Slide 19: Key Strengths of Anantam (cont'd)
Key Strengths of Anantam (cont’d) Growth opportunities and ROFO with Sizeable portfolio of long-term, Hedge against adverse interest DBL & Alpha Alternatives1 to expand stable, revenue-generating rate movements portfolio of assets HAM assets Strong ROFO pipeline Portfolio of 7 projects with an •
Slide 20: Business Strategies
Business Strategies Pursue accretive growth by expanding the portfolio of road infrastructure assets • Consider factors such as location, connectivity, remaining life, total costs, O&M and MMR obligations etc 1 • Large number of acquisition opportunities available - including divestments by highly l
Slide 21: Board and KMPs
Financial Highlights Distribution Debt Profile and Unit Holding Pattern Asset Portfolio Overview of AHT Trust Board and KMPs
Slide 22: Directors of the Investment Manager
Directors of the Investment Manager Board of Directors Naresh Kothari | Director Jignesh Shah | Director Abhishek Dalmia | Director • Set-up Alpha Alternatives Fund Advisors LLP, a multi-asset • 25+ years of experience in leadership roles, fund • Director on the boards of Revathi Equipment India cla
Slide 23: Thank You
Thank You
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