Slide 1: Regulation 30 intimation letter to stock exchanges
Date: February 13, 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), Mumb
Slide 2: Investor Presentation Q3 & 9M FY25
Afcons Infrastructure Limited INVESTOR PRESENTATION Q3 & 9M 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: Q3 & 9M FY25 Performance
Q3 & 9M FY25 Performance Atal Tunnel - Gate (South Portal)
Slide 5: Q3 & 9M FY25 Result Highlights
Q3 & 9M FY25 Result Highlights ₹ 3,332 Cr ₹ 9,635 Cr 16.6% ₹ 38,021 Cr# ROCE Order Book Total Income Total Income 9M FY25 Q3 FY25 As of Dec ’24 9M FY25 (# excl. L1 ₹ 10,662 Cr) ₹ 448 Cr ₹ 1,247 Cr 11.7% ₹ 14,603 Cr # ROE Order Inflow EBITDA* EBITDA* 9M FY25 9M FY25 Q3 FY25 9M FY25 (# excl. L1 ₹ 10,6
Slide 6: Consolidated Financial Performance – Q3 FY25
Consolidated Financial Performance – Q3 FY25 Total Income (₹ Cr) EBITDA* (₹ Cr) & EBITDA Margin* (%) PAT (₹ Cr) & PAT Margin (%) 12.3% 13.8% 13.5% 3.4% 4.4% 4.5% +5% +14% +36% 3,332 448 149 3,182 427 3,090 135 393 110 Q3 FY24 Q2 FY25 Q3 FY25 Q3 FY24 Q2 FY25 Q3 FY25 Q3 FY24 Q2 FY25 Q3 FY25 Note: *Com
Slide 7: Consolidated Financial Performance – 9M FY25
Consolidated Financial Performance – 9M FY25 Order Book (₹ Cr) & Book to Bill Ratio (x) Total Income (₹ Cr) 2.3x 3.1x -2% 38,021 9,837 9,635 30,961 FY24 9M FY25 9M FY24 9M FY25 EBITDA* (₹ Cr) & EBITDA Margin* (%) PAT (₹ Cr) & PAT Margin (%) 11.2% 12.9% 3.1% 3.9% +13% +23% 1,247 376 1,101 305 9M FY24
Slide 8: Q3 & 9M FY25 Consolidated Income Statement
Q3 & 9M FY25 Consolidated Income Statement Particulars (₹ Cr) Q3 FY25 Q3 FY24 Y-o-Y Q2 FY25 Q-o-Q 9M FY25 9M FY24 Y-o-Y Revenue from Operations 3,211 3,126 2,960 9,325 9,631 Other Income 121 56 130 310 206 Total Income 3,332 3,182 4.7% 3,090 7.9% 9,635 9,837 -2.1% Cost of Material Consumed 724 947 8
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% 7% 9% 15% 11% 5% 34% Dec’24 Dec’24 Dec’24 ₹ 38,021 Cr ₹ 38,021 Cr ₹ 38,021 Cr 25% 85% 82% 23% Urban Infra - Underground & Elevated Metro Surface Transport Overseas Domestic Government Multilateral Private Sector Urban
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 Most Admired Knowledge Enterprise ‘Excellence in Innovation’ award for Mahatma at Global, Asia and India levels (2016 and 2017) ‘Iconic Project of the Year’ award for Chenab Seven projects winner of British Safety Most Innovative Knowledge Enterprise Gandhi Setu project
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: 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 11 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 27% of the total wastewater ~4,000 35 Years discharged at project sites in FY24 Employees Average Experience of Key Management Greenbelt Development Work 23 Years 27+ Treated water used for tree plantati
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) 32,805 30,406 30,961 13,647 12,844 11,270 FY22 FY23 FY24 FY22 FY23 FY24 EBITDA* (₹ Cr) & EBITDA Margin* (%) PAT (₹ Cr) & PAT Margin (%) 9.5% 10.7% 11.6% 3.2% 3.2% 3.3% 1,583 450 1,374 411 358 1,069 FY22 FY23 FY24 FY22 FY23 FY24 Not
Slide 34: Strong Financial Metrics (2/2)
Strong Financial Metrics (2/2) ROE (%) ROCE (%) 14 14 13 20 20 17 FY22 FY23 FY24 FY22 FY23 FY24 Net Debt / Equity (times) Net Working Capital (days) 63 0.5 43 0.4 0.4 38 FY22 FY23 FY24 FY22 FY23 FY24 Investor Presentation 33
Slide 35: Consolidated Income Statement
Consolidated Income Statement Particulars (₹ Cr) FY22 FY23 FY24 Revenue from Operations 11,019 12,637 13,268 Other Income 251 207 379 Total Income 11,270 12,844 13,647 Cost of Material Consumed 3,176 3,852 4,012 Cost of Construction 4,940 5,201 5,294 Employee Expenses 1,085 1,298 1,383 Other Expense
Slide 36: Consolidated Balance Sheet (1/2)
Consolidated Balance Sheet (1/2) Particulars (₹ Cr) FY22 FY23 FY24 H1 FY25 Equity & Liabilities Equity Share Capital 72 72 341 341 Other Equity 2,640 3,104 3,255 3,453 Non-controlling Interest -9 2 2 2 Total Equity 2,703 3,177 3,598 3,796 Non-current Liabilities Financial Liabilities Borrowings 402
Slide 37: Consolidated Balance Sheet (2/2)
Consolidated Balance Sheet (2/2) Particulars (₹ Cr) FY22 FY23 FY24 H1 FY25 Non-current Assets Property, Plant and Equipment 2,251 2,449 2,715 2,600 Capital Work-in-Progress 18 184 43 34 Right-of-Use Assets 66 49 68 84 Goodwill 0 0 0 0 Intangible Assets 1 1 1 1 Financial Assets . Investments 1 1 1 1
Slide 38: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (₹ Cr) FY22 FY23 FY24 H1 FY25 Cash Flow from Operating Activities Profit before Tax 407 599 673 326 Adjustment for Non-Operating Items 699 817 961 344 Operating Profit before Working Capital Changes 1,105 1,417 1,633 670 Changes in Working Capital 378 101
Slide 39: 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