Slide 1: Exchange filing cover letter - Investor Presentation
May 18, 2026 To To The Compliance Manager The Manager, Listing Department BSE Limited National Stock Exchange of India Ltd Corporate Relationship Dept., Exchange Plaza, Plot No. C/1, G Block, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai 400001. Bandra (East), Mumbai 400 051.
Slide 2: Investor Presentation – Q4 & FY26
Afcons Infrastructure Limited Investor Presentation – Q4 & FY26
Slide 3: Safe Harbor Statement
Safe Harbor Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by Afcons Infrastructure Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscri
Slide 4: Financial Snapshot
Financial Snapshot Missing Link, Mumbai Pune Expressway
Slide 5: Q4 & FY26 Result Highlights
Q4 & FY26 Result Highlights ₹ 2,777 Cr ₹ 12,322 Cr 11.9% ₹ 32,496 Cr Total Income ROCE Order Book Total Income Q4 FY26 FY26 As of Mar’26 FY26 ₹ 170 Cr ₹ 1,439 Cr 4.7% ₹ 4,125 Cr ROE Order Inflow EBITDA* EBITDA* FY26 Q4 FY26 FY26 FY26 ₹ -89 Cr ₹ 251 Cr 0.5x 2.6x PAT PAT Q4 FY26 FY26 Net Debt to Equit
Slide 6: Consolidated Financial Performance – Q4 & FY26
Consolidated Financial Performance – Q4 & FY26 Total Income (₹ Cr) EBITDA* (₹ Cr) & EBITDA Margin* (%) PAT** (₹ Cr) & PAT Margin** (%) 12.2% 14.0% 6.1% 3.3% 3.2% -3.2% 3,387 415 424 111 3,025 97 2,777 170 -89 Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 Q4 FY25 Q3 FY26 Q4 FY26 ** After new labour
Slide 7: Company Overview
Company Overview Hankede Bridge, Addu City, Maldives
Slide 8: Corporate Snapshot
Corporate Snapshot Flagship Infrastructure Engineering and Construction Company of the Shapoorji Pallonji Group Leading Global EPC company with an Established Track Record in executing large, complex and high-value projects Extreme Engineering Standardized processes Maintains a strategic Capabilitie
Slide 9: Our Journey So Far
Our Journey So Far 1959 1976 1996 2007 2023 Founded as a partnership between Established as a company: Renamed as “Afcons Infrastructure Achieved total income of INR 10bn Won C2 Tunnel Package for Mumbai Rodio Foundation Engineering Asia Foundations and Constructions Limited” to reflect a major thru
Slide 10: Business Segments
Portfolio Spread across Major Infrastructure Segments… Afcons provides Engineering, Procurement and Construction (EPC) services across major infrastructure segments Business Segments Marine & Industrial Surface Transport Urban Infrastructure Hydro & Underground Oil & Gas • Ports & Harbours Jetties,
Slide 11: Diverse & High-Quality Order Book
… with Diverse & High-Quality Order Book Order Book (Mar’26): ₹ 32,496 Cr By Segment By Geography By Client Type 2% 9% 9% 13% 28% 12% 15% 23% 23% 79% 87% Urban Infra - Underground & Elevated Metro Surface Transport Overseas Domestic Government Multilateral Private Sector Urban Infra - Bridges & Elev
Slide 12: Strategic Presence in Key Markets
Strategic Presence in Key Markets One of India’s Largest International Infrastructure Companies Middle East Bahrain Iraq Jordan Kuwait Oman Qatar Yemen UAE Asia India1 Bangladesh1 Bhutan Indonesia Africa Kazakhstan Maldives1 Sri Lanka Benin1 Ethiopia Gabon Ghana Guinea Ivory Coast1 Liberia1 Madagasc
Slide 13: Pioneering Extreme Engineering & Construction Projects
Pioneering Extreme Engineering & Construction Projects First of Its Kind Infrastructure Projects – World First of Its Kind Infrastructure Projects – India Chenab Bridge Atal Tunnel Sohar Jetty Kolkata Metro Chennai Metro JNPT, Mumbai World’s tallest single-arch railway World’s longest highway tunnel
Slide 14: Pioneering Extreme Engineering & Construction Projects – Key Ongoing Projects
Pioneering Extreme Engineering & Construction Projects Key Ongoing Projects – India Key Ongoing Projects – Overseas GCPL C2 HSR Mumbai Pune Expressway Project – Missing Greater Male Connectivity – Maldives EPC of 2nd liquid cargo berth at Dahej, Gujarat 21 kms Tunnel project with India’s first under
Slide 15: Important Project Milestones Achieved
Important Project Milestones Achieved Delhi – Meerut Rapid Transit HRRL Crude Oil Terminal, Mundra Bangalore Silk Board Kanpur Metro Station System Successfully commissioned the HRRL Inaugurated the most difficult stretch Successfully completed 2.7 km trial run Inaugurated Delhi–Meerut Namo Bharat C
Slide 16: Leadership & Governance
Leadership & Governance Mr. Shapoorji Pallonji Mistry Mr. Subramanian Krishnamurthy Mr. Srinivasan Paramasivan Mr. Giridhar Rajagopalan Mr. Umesh Narain Khanna Mr. Pallon Mistry Mr. Firoz Cyrus Mistry Chairman – Emeritus* Executive Chairman Managing Director Deputy Managing Director Non-Executive Di
Slide 17: Strategic Equipment Base
Strategic Equipment Base ICP-R Process Platform
Slide 18: Strategic Equipment Base across Diversified Segments
Strategic Equipment Base across Diversified Segments 13 Marine Barges 20 Tunnel Boring 9 Large-capacity 142 Cranes 24 Jumbo drills (200 – 1,200 tonne) Machines (TBMs) Jack ups (200–750 tonne) Strategic Equipment Base ◼ Indigenous strategic equipment fleet ◼ Inventory of customized tunnel boring mach
Slide 19: Sustainability Metrics
₹ Sustainability Metrics Hindu Hrudaysamrat Balasaheb Thackeray Maharashtra Samruddhi Mahamarg, PKG-2
Slide 20: Extreme Engineering Building a Sustainable Tomorrow
Extreme Engineering Building a Sustainable Tomorrow In FY 2025–26, 43% of revenue was Greenbelt Development Work 24% Reduction* 19.5% attributable to green revenue Treated water used for tree plantation, landscaping, Energy Intensity / ₹ Water Recycled for Reuse etc. Turnover 2% Reduced water usage
Slide 21: Financial Performance
Financial Performance Bangalore Elevated Metro
Slide 22: Q4 & FY26 Consolidated Income Statement
Q4 & FY26 Consolidated Income Statement Particulars (₹ Cr) Q4 FY26 Q4 FY25 Y-o-Y Q3 FY26 Q-o-Q FY26 FY25 Y-o-Y Revenue from Operations 2,614 3,223 2,976 11,948 12,548 Other Income 163 164 50 374 474 Total Income 2,777 3,387 -18.0% 3,025 -8.2% 12,322 13,023 -5.4% Cost of Material Consumed 580 890 670
Slide 23: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (₹ Cr) FY25 FY26 Particulars (₹ Cr) FY25 FY26 Equity and Liabilities Assets Equity Share Capital 368 368 Tangible Assets (incl. CWIP and ROU) 2,770 3,399 Other Equity 4,893 5,082 Intangible Assets 1 1 Non-controlling Interest 2 1 Investments 1 1 Total Equity 5,
Slide 24: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (₹ Cr) FY25 FY26 Cash Flow from Operating Activities Profit before Tax 710 463 Adjustment for Non-Operating Items 921 1,239 Operating Profit before Working Capital Changes 1,631 1,702 Changes in Working Capital -1,523 -1,592 Cash Generated from Operations
Slide 25: Annexures
Annexures Jammu Udhampur Highway
Slide 26: Strong Commitment to Knowledge Management and Innovation Practices
Strong Commitment to Knowledge Management and Innovation Practices Focus on transforming into a knowledge enterprise with continuous learning across levels Industry leading knowledge management practice … … with focus on continuous enterprise-wide learning Learn Before Learn During Learn After Only
Slide 27: Robust Contracts Management System
Robust Contracts Management System Sizable percentage of Escalation clauses in Robust contracts contract value contracts to pass cost management system collected as advance overruns to clients to handle disputes payment when contract is executed Collect payments at Actively engage in Built a strong
Slide 28: Strong Risk Management Architecture
Strong Risk Management Architecture Demonstrated ability to assess and manage risks across the project lifecycle Key Considerations Pre-tendering Tendering Execution Country Risk Scope of Work Unknown Site Condition Client Risk Construction Method Known Operational Risk Project Risk Estimates of Con
Slide 29: Key Strategies to Drive Growth
Key Strategies to Drive Growth Afcons aims to grow business in a sustainable profitable manner by maintaining an order book that matches its execution capacity, rationalizing costs, improving execution efficiencies, and consistently developing capabilities and capacity for project delivery Selective
Slide 30: Key Awards and Accreditations
Key Awards and Accreditations ‘Third-fastest Growing Construction Most Admired Emerging Company in the ‘Infrastructure Company of the Year’ India Green Awards - The Green Company’ in the Ultra Large Category Transport Sector’ at the ET Now Infra Focus award at the 15th Construction Week India Commer
Slide 31: Thank You
COMPANY : Afcons Infrastructure Limited CIN: L45200MH1976PLC019335 Name: Ms. Drisha Poddar Email: investor.relations@afcons.com Website: www.afcons.com INVESTOR RELATIONS ADVISORS: MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services Ms. Ay