Afcons Infrastructure Limited · NSE:AFCONS
Afcons Infrastructure — Q4 FY25 Earnings Presentation
41 slides from Afcons Infrastructure's earnings presentation, May 23, 2025
Slide 1: Regulation 30 disclosure cover letter to BSE and NSE
Date: May 23, 2025 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 40
Slide 2: Investor Presentation Q4 & FY25
Afcons Infrastructure Limited INVESTOR PRESENTATION Q4 & FY25
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: Q4 & FY25 Performance
Q4 & FY25 Performance Atal Tunnel - Gate (South Portal)
Slide 5: Q4 & FY25 Result Highlights
Q4 & FY25 Result Highlights ₹ 3,387 Cr ₹ 13,023 Cr 17.3% ₹ 36,869 Cr# ROCE Order Book Total Income Total Income FY25 Q4 FY25 As of Mar ’25 FY25 (# excl. L1 ₹ 10,662 Cr) ₹ 415 Cr ₹ 1,662 Cr 11.0% ₹ 15,960 Cr # ROE Order Inflow EBITDA* EBITDA* FY25 FY25 Q4 FY25 FY25 (# excl. L1 ₹ 10,662 Cr) ₹ 111 Cr ₹
Slide 6: Consolidated Financial Performance – FY25
Consolidated Financial Performance – FY25 Order Book (₹ Cr) & Book to Bill Ratio (x) Total Income (₹ Cr) 2.3x 2.9x -5% 36,869 13,647 13,023 30,961 FY24 FY25 FY24 FY25 EBITDA* (₹ Cr) & EBITDA Margin* (%) PAT (₹ Cr) & PAT Margin (%) 11.6% 12.8% 3.3% 3.7% +5% +8% 1,583 1,662 487 450 FY24 FY25 FY24 FY25
Slide 7: Consolidated Financial Performance – Q4 FY25
Consolidated Financial Performance – Q4 FY25 Total Income (₹ Cr) EBITDA* (₹ Cr) & EBITDA Margin* (%) PAT (₹ Cr) & PAT Margin (%) 12.7% 13.5% 12.2% 3.8% 4.5% 3.3% 3,809 482 149 145 448 3,332 3,387 415 111 Q4 FY24 Q3 FY25 Q4 FY25 Q4 FY24 Q3 FY25 Q4 FY25 Q4 FY24 Q3 FY25 Q4 FY25 Note: *Components of fin
Slide 8: Q4 & FY25 Consolidated Income Statement
Q4 & FY25 Consolidated Income Statement Particulars (₹ Cr) Q4 FY25 Q4 FY24 Y-o-Y Q3 FY25 Q-o-Q FY25 FY24 Y-o-Y Revenue from Operations 3,223 3,636 3,211 12,548 13,268 Other Income 164 173 121 474 379 Total Income 3,387 3,809 -11.1% 3,332 1.7% 13,023 13,647 -4.6% Cost of Material Consumed 890 1,232 7
Slide 9: Company Overview
Company Overview Pandoh - Takoli highway
Slide 10: 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 11: Our Remarkable Journey over Six Decades
Our Remarkable Journey over Six Decades With a history of 60+ years and five major infrastructure business verticals Afcons has an established track record of executing numerous complex, challenging and unique EPC projects both within India and internationally Achieved turnover of ◼ ~INR130,000mn (2
Slide 12: Business Segments
Excellence 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, Dry •
Slide 13: Diverse & High-Quality Order Book
… with Diverse & High-Quality Order Book By Segment By Geography By Client Type 4% 5% 14% 11% 12% 10% 33% Mar’25 Mar’25 Mar’25 ₹ 36,869 Cr ₹ 36,869 Cr ₹ 36,869 Cr 24% 79% 22% 86% Urban Infra - Underground & Elevated Metro Surface Transport Overseas Domestic Government Multilateral Private Sector Urb
Slide 14: Strategic Presence in Key Markets
Strategic Presence in Key Markets One of India’s Largest International Infrastructure Companies Kazakhstan Oman UAE Qatar Bahrain Kuwait Iraq Jordan Bhutan Mauritania Bangladesh1 Guinea India1 Liberia1 Sri Lanka Ivory Coast1 Indonesia Ghana Maldives1 Benin1 Yemen Gabon1 Ethiopia Rwanda1 Tanzania1 Za
Slide 15: 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 16: Pioneering Extreme Engineering & Construction Projects (cont'd)
Pioneering Extreme Engineering & Construction Projects (cont’d) Key Ongoing Projects C2 HSR Greater Male Connectivity – Maldives Delhi – Meerut Rapid Transit System Bengaluru Metro Rail Project 21 kms Tunnel project with India’s first Biggest Infrastructure Project in Maldives Underground – Pkg 8: C
Slide 17: Experienced Board of Directors
Experienced Board of Directors Shapoorji Pallonji Mistry Anurag Kumar Sachan Chairman and Non-Executive Director Independent Director • Bachelors’ degree in arts from Richmond college, London • Bachelor’s degree in engineering (civil) from the Maulana Azad College of Tech, Bhopal and has completed •
Slide 18: Key Awards and Accreditations
Key Awards and Accreditations ‘Excellence in Innovation’ award for Mahatma ‘Iconic Project of the Year’ award for Chenab Seven projects winner of British Safety ‘Certificate of Recognition’ as one of India’s Gandhi Setu project at the National Highway Railway Bridge project at the Construction Counc
Slide 19: Key Strengths
Key Strengths Gopalpur Port, Odisha
Slide 20: 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 21: Robust Contracts Management System
Robust Contracts Management System Sizable percentage of contract Escalation clauses in Robust contracts value collected as advance contracts to pass cost management system to payment when contract is overruns to clients handle disputes executed Collecting payments at Actively engage in resolving Bu
Slide 22: 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 Only Indian infra company Launched the Afco
Slide 23: Strategic Equipment Base across Diversified Segments
Strategic Equipment Base across Diversified Segments 14 Marine Barges 17 Tunnel Boring 8 Large-capacity 153 Cranes 24 Jumbo drills (200 – 1,200 tonne) Machines (TBMs) Jack ups (200–750 tonne) +3 Pending Delivery Strategic Equipment Base ◼ Indigenous strategic equipment fleet ◼ Inventory of customize
Slide 24: Industry Overview
Industry Overview HRD Process Platform, Mumbai High
Slide 25: Robust Indian Infrastructure Growth
Robust Indian Infrastructure Growth Strong Construction Industry Outlook … … with Robust Growth in Infra market … … driven by Significant Increase in Capex India projected to be fastest growing construction Strong emphasis on Infra sector Budgeted capital expenditure has grown 3x in market globally
Slide 26: Attractive Infrastructure Growth in Key Markets
Attractive Infrastructure Growth in Key Markets Average Annual Construction Industry Real Growth $147 $2,283 $214 $303 $1,359 $1,359 Middle-eastern countries Robust growth expected in expected to front load their Key Focus Markets ASEAN’s largest construction 5.4% higher oil revenues into infra 4.9%
Slide 27: The Way Forward
The Way Forward Chhara LNG Tanks
Slide 28: Key Strategies to Drive Growth
Key Strategies to Drive Growth Afcons aims to grow business in a sustainable and 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 Selec
Slide 29: Sustainability Metrics
Sustainability Metrics South Surra Road Project, Kuwait
Slide 30: Extreme Engineering Building Sustainable Tomorrows
Extreme Engineering Building Sustainable Tomorrows Environmental Social Governance Recycled over 44% of the total wastewater 3,892 35 Years discharged at project sites in FY25 Employees Average Experience of Key Management 23 Years Greenbelt Development Work Ashramshala Project Average Experience of
Slide 31: Integrating Sustainability Practices
Integrating Sustainability Practices Devoted Resources working to Ensure Sustainable Approach Targets KPI 1 Absolute Scope 3 emissions savings due to reduced cement use in 41 250+ 31 65%+ concrete production Environment Auditors Health, Safety and Dedicated Members of the Team To Track Environmental
Slide 32: Financial Performance
Financial Performance Chenab Railway Bridge
Slide 33: Strong Financial Metrics (1/2)
Strong Financial Metrics (1/2) Order Book (₹ Cr) Total Income (₹ Cr) 36,869 13,647 13,023 30,406 30,961 12,844 FY23 FY24 FY25 FY23 FY24 FY25 EBITDA* (₹ Cr) & EBITDA Margin* (%) PAT (₹ Cr) & PAT Margin (%) 10.7% 11.6% 12.8% 3.2% 3.3% 3.7% 1,583 1,662 487 450 1,374 411 FY23 FY24 FY25 FY23 FY24 FY25 No
Slide 34: Strong Financial Metrics (2/2)
Strong Financial Metrics (2/2) ROE (%) ROCE (%) 14 13 20 20 17 11 FY23 FY24 FY25* FY23 FY24 FY25* Note: * After capital infusion Note: * After capital infusion Net Debt / Equity (times) Net Working Capital (days) 113 0.5 0.4 63 0.3 38 FY23 FY24 FY25 FY23 FY24 FY25# Note: # 25 Days on account of mobi
Slide 35: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Cr) FY23 FY24 FY25 Revenue from Operations 12,637 13,268 12,548 Other Income 207 379 474 Total Income 12,844 13,647 13,023 Cost of Material Consumed 3,852 4,012 3,290 Cost of Construction 5,201 5,294 5,246 Employee Expenses 1,298 1,383 1,435 Other Expense
Slide 36: Consolidated Balance Sheet (1/2)
Consolidated Balance Sheet (1/2) Particulars (₹ Cr) FY23 FY24 FY25 Equity & Liabilities Equity Share Capital 72 341 368 Other Equity 3,104 3,255 4,893 Non-controlling Interest 2 2 2 Total Equity 3,177 3,598 5,262 Non-current Liabilities Financial Liabilities Borrowings 596 598 595 Lease Liabilities
Slide 37: Consolidated Balance Sheet (2/2)
Consolidated Balance Sheet (2/2) Particulars (₹ Cr) FY23 FY24 FY25 Non-current Assets Property, Plant and Equipment 2,449 2,715 2,631 Capital Work-in-Progress 184 43 33 Right-of-Use Assets 49 68 106 Goodwill 0 0 0 Intangible Assets 1 1 1 Financial Assets . Investments 1 1 1 Trade Receivables 651 499
Slide 38: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (₹ Cr) FY23 FY24 FY25 Cash Flow from Operating Activities Profit before Tax 599 673 710 Adjustment for Non-Operating Items 817 961 921 Operating Profit before Working Capital Changes 1,417 1,633 1,631 Changes in Working Capital -101 -676 -1,523 Cash Gener
Slide 39: KPIs (1/2)
KPIs (1/2) As of, and for the financial year ended, As of, and for the financial year ended, Particulars (₹ Cr) Particulars (₹ Cr) March 31, 2024 March 31, 2025 March 31, 2024 March 31, 2025 Equity attributable to shareholders of the Order Book 30,960.99 36,868.61 Company - Domestic Order Book 22,40
Slide 40: KPIs (2/2)
KPIs (2/2) Particulars (₹ Cr) March 24 March 25 Current Asset 10,973.29 11,355.97 Less: Cash & Bank Bal 666.26 770.56 Current Asset Net 10,307.03 10,585.41 Current Liab 9,881.49 8,334.75 Less: Current Borrowings 1,857.32 1,640.48 Current Liab Net 8,024.17 6,694.27 Net working Capital 2,282.86 3,891.
Slide 41: Thank You
COMPANY : Afcons Infrastructure Limited CIN: L45200MH1976PLC019335 Name: Mr. Hitesh Singh investor.relations@afcons.com Email: investor.relations@afcons.com www.afcons.com Website: www.afcons.com THANK INVESTOR RELATIONS ADVISORS : YOU MUFG Intime India Private Limited A part of MUFG Corporate Marke
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