Citius Transnet Investment · BSE:CITIUSINVT
Citius Transnet Investment — Citius TransNet Investment Trust — Investor Presentation (June 2026)
53 slides from Citius Transnet Investment's investor presentation, June 2026
Slide 1: Citius TransNet Investment Trust
Citius TransNet Investment Trust (“Citius TransNet”) June 2026 Strictly Private and Confidential 1
Slide 2: Disclaimer
Disclaimer This presentation is prepared and issued by EAAA TransInfra Managers Limited (the “Investment Manager”) on behalf of and in its capacity as the investment manager of Citius TransNet Investment Trust (“Citius TransNet” or “InvIT”) for general information purposes only without regards to sp
Slide 3: Contents
Contents Introduction 4 Executive Summary 7 The Portfolio 10 Growth Prospects 13 Management & Governance 21 Asset Operations & Management Capabilities 25 EAAA Platform 29 Assets – Awards & Recognition 34 Annexures - Assets 37 3
Slide 4: Introduction
Introduction Strictly Private and Confidential 4
Slide 5: A Unique, Differentiated InvIT offering Scale, Growth and Governance
Citius TransNet – A Unique, Differentiated InvIT offering Scale, Growth and Governance Growth Governance Management Ꝭ ROFO portfolio demonstrating Sponsor Ꝭ Governance principles that promote Ꝭ “Active” asset management to drive group commitment accountability, fairness, and transparency growth and
Slide 6: Citius TransNet - Structure
Citius TransNet - Structure Sponsor & Sponsor Group (65.42%) (34.58%) Public & EPIC TransNet Infrastructure Institutional Private Limited (Sponsor) Investors Trustee Investment Investment Manager Trustee Services Management Services 100% TEL SRPL EPIC 3 11 ROFO Assets1 Project Manager Project Manage
Slide 7: Executive Summary
Executive Summary Strictly Private and Confidential 7
Slide 8: Executive Summary (1/2)
Executive Summary (1/2) Ꝭ A transport sector focused InvIT, backed by a financial sponsor Unique Opportunity Ꝭ A Scaled, Mature, Balanced Portfolio Ꝭ Large Scale Portfolio: aggregating 3,406.71 lane-kms across 10 highway assets in 9 states, and 2,366.81 lane-kms across 11 ROFO assets1 in 6 states Di
Slide 9: Executive Summary (2/2)
Executive Summary (2/2) Ꝭ Managed by EAAA TransInfra Managers Ltd. (“ETML”), a wholly owned subsidiary of EAAA India Alternatives Limited (“EAAA”), one of the leading Indian Alternative Asset Manager - managed Institutional Platform an AUM of INR 727 billion1 managed by Reputed Alternative Asset Man
Slide 10: The Portfolio
The Portfolio Strictly Private and Confidential 10
Slide 11: Mature, Balanced, De-risked & Diversified Portfolio with Long Operating History
Mature, Balanced, De-risked & Diversified Portfolio with Long Operating History Initial Portfolio ROFO Assets1 Haryana: Arunachal PECPL (NH 1) Pradesh: 10 1 Dibang (NH 13) 10 Roads c. 3,406 11 Roads c. 2,367 (9 states) lane-kms (6 states) lane-kms Gujarat: SBGTPL (NH 8A) 2 Assam: 9 Dhola (NH 115) Av
Slide 12: Well diversified Initial Portfolio with Strong Growth & Proven Track Record
Well diversified Initial Portfolio with Strong Growth & Proven Track Record FY25 Commodity1, Traffic Mix and Historical Traffic Growth 1 1 Balanced mix of passenger & commercial toll traffic Exhibiting consistent traffic growth & resilience 2 3 2 11 3 FY23-FY26 (2) 3 26% 3 10 38% Toll 6.50% 4 High P
Slide 13: Growth Prospects
Growth Prospects Strictly Private and Confidential 13
Slide 14: Strategies
Strategies Calibrated Portfolio Expansion Prudent Capital & Risk Management • Asset Selection: Capitalize on the EAAA Platform’s strength to acquire road and transport projects with • Optimized Structure: Maintain consolidated attractive yields and expand portfolio pursuant to borrowings below 49% (
Slide 15: ROFO Assets
ROFO Assets EAAA platform has signed definitive documents to acquire a portfolio of 11 Hybrid Annuity Model (“HAM”) road assets. EAAA platform has already completed acquisition of 5 HAM road assets & is in process of completing acquisition for balance 6 assets Acquired Kharar Ludhiana To be acquired
Slide 16: Stable cash flows from Initial Portfolio + ROFO Assets
Stable cash flows from Initial Portfolio + ROFO Assets Initial Portfolio and ROFO Assets1 7 141 Toll assets offer growth and upside Annuity/HAM assets provide predictable, from economic growth recurring revenues with no traffic risk 3 ▪ Income stability backed by long history & ▪ Minimal default ris
Slide 17: Attractive transport sector outlook with established regulatory environment and tailwinds
Attractive transport sector outlook with established regulatory environment and economic & social tailwinds INR 42-45 Tn Investment Potential across Transport Infrastructure... … to be funded through a mix of Central, State & Private Funding Ropeways 1-1.5 Tn Central Logistics 53% Private 2-3 Tn 15%
Slide 18: Outlook for Roads: Monetisation Potential
Outlook for Roads: Monetisation Potential ~INR 5.9 Tn monetization potential for road assets until fiscal 2030 Private developers – NHAI/MoRTH Pipeline/ Upcoming A B Government Monetization & Capex C Projects Asset divestment / monetization Medium-term Opportunity (Monetization & Capex Targets) HAM
Slide 19: Outlook: Opportunities in Transport Sector
Outlook: Opportunities in Transport Sector Ropeways Logistics Infrastructure Support ▪ Presently, 25 ropeways operational in India across 13 states ▪ Rail Linked terminals: Estimated market size of INR 80 Bn in FY25e; ~13% CAGR projected over FY25 – FY30 ▪ National Highways Logistics Management Ltd
Slide 20: Outlook: Opportunities in Logistics Support Infrastructure
Outlook: Opportunities in Logistics Support Infrastructure Logistics – Improving Efficiency & Structural Reforms ▪ Logistics cost at 13–14% of GDP (FY24); Viksit Bharat 2047 underscores the need to build a world-class logistics ecosystem to reduce costs, enhance competitiveness and strengthen domest
Slide 21: Management & Governance
Management & Governance Strictly Private and Confidential 21
Slide 22: Strong IM Board with Independent Directors having multi-sector expertise
Strong IM Board with Independent Directors having multi-sector expertise Vidya Basarkod Suresh Gurumani Dr. Emandi Sankara Rao Independent Director Independent Director Independent Director ▪ Several years of experience in acquisition, development ▪ Several years of experience in various sectors inc
Slide 23: An Experienced Project Management Team
An Experienced Project Management Team Manish Chitkara * 33+ years of techno-commercial experience in infrastructure projects. Has been involved in construction of new HAM projects and divestment of completed BOT projects ; Niraj Mohanty # Sandip Das ^ Worked with HCC, Uniquest Infra Ventures & Apco
Slide 24: Experienced Investment Manager Team
Experienced Investment Manager Team Bhavyang Oza P Padmanabhan Chief Investment Officer Chief Financial Officer • 26+ years of experience in infrastructure investment, • Over 30 years experience with ~17 years at L&T and fixed income business & advisory across infrastructure thereafter L&T IDPL sub-
Slide 25: Asset Operations & Management Capabilities
Asset Operations & Management Capabilities Strictly Private and Confidential 25
Slide 26: Full-spectrum Asset Management Capabilities embedded in InvIT structure
Full-spectrum Asset Management Capabilities embedded in InvIT structure Asset Management capabilities spanning entire “Life Cycle” of assets Diligence, Engineering, Business Pavement Finance & Treasury Development & Quality Projects & Commercial & Traffic & Equipment & Safety, Health Technical Plann
Slide 27: Tech-Oriented Operations & Maintenance
Tech-Oriented Operations & Maintenance Integrated digital framework designed to enhance efficiency, safety & proactive management • Traffic management using Intelligent Traffic Control Systems (97% toll collections via Fastag*) HTMS (Highway • 360-degree cameras for comprehensive Traffic Management
Slide 28: Innovations in Construction & Operations – Life-cycle Cost & Sustainability
Innovations in Construction & Operations – Driven by Life-cycle Cost & Sustainability Implementing a range of Innovations … …other contemporary and emerging technologies & methods… Examples Increasing RAP content in DBM (Dense Bituminous Macadam) / BC Micro Surfacing with RAP & fiber (Bituminous Con
Slide 29: EAAA Platform
EAAA Platform Strictly Private and Confidential 29
Slide 30: EAAA India: All-Round Investment & Asset Management Experience
EAAA India: All-Round Investment & Asset Management Experience… Origination Established Governance 80 member investment team – Framework 06 01 enables access to promoters, Global best practices in ESG, developers and financial policies and processes institutions Asset Management Experience Strong St
Slide 31: Proven Real Assets Acquisition Expertise of Platform
Proven Real Assets Acquisition Expertise of Platform Demonstrated acquisition expertise across sectors over the years Ꝭ Proven expertise in acquisition across real assets 2024-26 Ꝭ Acquired & successfully integrated 32 1 Transmission Assets; Infrastructure Assets1. 6 more under 2021-23 6 Toll Road A
Slide 32: Strong Focus on Corporate Governance
Strong Focus on Corporate Governance… Two-Tiered Governance Framework focused on strategic direction & operational integrity Platform-Level Governance Asset-Level Governance Strong Board ▪ Application of Corporate & Technical SOPs including SHE with Eminent Independent Directors Robust Monitoring Tr
Slide 33: Commitment to ESG & Sustainability
Commitment to ESG & Sustainability Due Diligence Established an Environment and Social Management System (ESMS) Continual Due diligence Actions Improvement that integrates ESG Tracking Baseline EAAA is a signatory to United Nations-supported Principles For Performance Inspection & Monitoring Audit R
Slide 34: Assets – Awards & Recognition
Assets – Awards & Recognition Strictly Private and Confidential 34
Slide 35: 28 Awards – Operational Excellence, SHE & CSR Initiatives
28 Awards – Operational Excellence, SHE & CSR Initiatives MoRTH – National Highways Excellence Awards British Safety Council Dhola Outstanding Work in Challenging Condition – Silver - 2021 Dhola International Safety Award – Distinction - 2023 Dibang Outstanding Work in Challenging Condition –Gold -
Slide 36: 28 Awards – Operational Excellence, SHE & CSR Initiatives (cont’d)
28 Awards – Operational Excellence, SHE & CSR Initiatives (cont’d) OHSSAI Safety Award - 8th Annual HSE Excellence & ESG OHSSAI Safety Award - 9th Annual HSE Excellence & ESG Dhola Dibang Global Awards 2023 - Gold Global Awards 2024 - Gold EPIC Golden Star Awards - Excellence in CSR - Concern for He
Slide 37: Annexures - Assets
Annexures - Assets Strictly Private and Confidential 37
Slide 38: Initial Portfolio Assets
Initial Portfolio Assets Revenue from Concession Operational Residual Lanes Length operations Asset Name Type Authority Location period* history** Life** FY25# (in nos) (kms) (in years) (in ₹ million) (in years) (in years) Dibang Annuity MoRTH Arunachal Pradesh 2 29.64 17 384.14 7.87 4.64 Dhola Annu
Slide 39: PCU Growth
Traffic Growth FY23-26 (CAGR) 9.1% 2.6% 2.8% 9.9% 5.9% 10.0% 1.2% 6.5% Q4FY26 vs Q4FY25 11.8% 12.3% 10.8% 7.82%# PCU Growth 8.9% 8.0% 4.6% 1.7% AMTPL DTPL PECPL RVTPL SBGTPL SRTPL TEL Portfolio FY26 vs FY25 12.8% 11.1% PCU Growth 5.1% 6.0% 4.8% 5.44%# 4.7% AMTPL DTPL PECPL RVTPL SBGTPL SRTPL TEL Por
Slide 40: Ahmedabad Maliya Tollway Private Limited
Ahmedabad Maliya Tollway Private Limited Operational 13.98 11.13 State Gujarat Authority GSRDC Type Toll Residual Tenor1 Years1 years years ❑ Connects the industrial areas of Sanand, Chharodi and Khoda, pharmaceutical hub at Moraiya, ceramic tiles manufacturers in Morbi and is part of the shortest r
Slide 41: Deccan Tollways Private Limited
Deccan Tollways Private Limited Karnataka/ Operational 8.46 18.02 State Authority NHAI Type Toll Residual Tenor1 Telangana Years1 years years ❑ Part of NH-65 (old NH-9) originating from Pune and ending at Machilipatnam (AP), passing through Indapur, Solapur, Omerga, Humnabad, Zaheerabad, Hyderabad,
Slide 42: Panipat Elevated Corridor Private Limited
Panipat Elevated Corridor Private Limited Operational 17.71 0.84 State Haryana Authority NHAI Type Toll Residual Tenor1 Years1 years years ❑ Part of NH-1, which connects Delhi to Haryana and Punjab, crossing through Haryana along its route. It serves the high traffic stretch from Delhi to Sonipat, P
Slide 43: Rajkot - Vadinar Tollway Private Limited
Rajkot - Vadinar Tollway Private Limited Operational 14.17 3.89 State Gujarat Authority GSRDC Type Toll Residual Tenor1 Years1 years years ❑ Part of State Highway 25 (“SH-25”) and NH-151A, which connects the industrial areas of Rajkot, Dhrol, Jamnagar ❑ Strategically positioned within India’s larges
Slide 44: Samakhiyali Bhachau Gandhidham Tollway Private Limited
Samakhiyali Bhachau Gandhidham Tollway Private Limited Operational 15.50 8.62 State Gujarat Authority NHAI Type Toll Residual Tenor1 Years1 years years ❑ Part of NH 41, feeding arterial route for Kandla and Mundra Ports, connecting them to hinterlands in Gujarat, Rajasthan, Haryana, & Punjab ❑ Since
Slide 45: Sambalpur-Rourkela Tollway Private Limited
Sambalpur-Rourkela Tollway Private Limited Operational 8.05 14.69 State Odisha Authority OWD Type Toll Residual Tenor1 Years1 years years ❑ Project road (part of SH-10) passes through Sambalpur, Jharsuguda and Sundargarh districts in Odisha, which are among the key industrial and mining regions of t
Slide 46: Thrissur Expressway Limited
Thrissur Expressway Limited Operational 4.06 10.46 State Kerala Authority NHAI Type Toll Residual Tenor1 Years1 years years ❑ Part of NH-544, a critical corridor connecting Salem in Tamil Nadu to Kochi in Kerala ❑ Major arterial route linking Kerala with Tamil Nadu and the rest of India ❑ Located ap
Slide 47: Dhola Infra Projects Private Limited
Dhola Infra Projects Private Limited Operational 8.58 3.92 State Assam Authority MoRTH Type Annuity Residual Tenor1 Years1 years years ❑ Concession agreement for construction of 12.9m wide bridge between Dhola and Sadia ghats along with 2 lane connecting roads from near about Dhola to Islampur Tinal
Slide 48: Dibang Infra Projects Private Limited
Dibang Infra Projects Private Limited Arunachal Operational 7.87 4.64 State Authority MoRTH Type Annuity Residual Tenor1 Pradesh Years1 years years ❑ Concession agreement for construction of bridges across Dibang river system and connecting road between Bomjur-Meka (NH-52) covering a length of appro
Slide 49: Jorabat Shillong Expressway Limited
Jorabat Shillong Expressway Limited Assam & Operational 10.17 5.00 State Authority NHAI Type Annuity Residual Tenor1 Meghalaya Years1 years years ❑ 4-lane project of the Jorabat-Shillong (Barapani) section of NH-40 in the states of Assam and Meghalaya ❑ The concession period was 20 years which ends
Slide 50: ROFO Assets Snapshot
ROFO Assets Snapshot # Annuity FY25 Revenue Approx. Length Asset State Lane Received / Receipts* Status Km Balance (in ₹ million) Kharar Ludhiana Road Ltd Punjab 4/6 76.0 11/19 1,293.8 Acquired Ranastalam Anandapuram Road Ltd Andhra Pradesh 6 47.0 10/20 970.1 Acquired Ankleshwar Manubar Expressway P
Slide 51: Glossary
Glossary ABL : Ashoka Buildcon Limited EAAA : EAAA Alternatives India Ltd. IM : Investment Manager ACL : Ashoka Concessions Ltd. EHS : Environment, Health & Safety INR : Indian Rupee (also "Rs.") AM : Ankleshwar Manubar Expressway Private Limited EPC : Engineering, Procurement, Construction ISO : In
Slide 52: Glossary
Glossary NHAI : National Highways Authority of India SOPs : Standard Operating Procedures NSDP : Net State Domestic Product SOPs : Standard Operating Procedures O&M : Operations & Maintenance SPA : Share Purchase Agreement Odisha WD : Odisha Works Department SPV : Special Purpose Vehicle OH&S : Occu
Slide 53: Thank You
Thank You Strictly Private and Confidential 53
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