Vertis Infrastructure Trust Units · NSE:VERTIS
Vertis Infrastructure Trust Units — Investor Presentation (June 2026)
38 slides from Vertis Infrastructure Trust Units's investor presentation, June 2026
Slide 1: Corporate Presentation
Vertis Infrastructure Trust Corporate Presentation June 2026 www.vertis.co.in
Slide 2: Disclaimer
INTRODUCTION Disclaimer This presentation has been prepared and issued by Vertis Fund Advisors This presentation may contain forward-looking statements, including those Private Limited previously known as Highway Concessions One Private describing the InvIT’s objectives, forecasts, estimates, outloo
Slide 3: Table of Contents
INTRODUCTION Table of Contents Sr No. Section Page No Investment Highlights 04 Overview of the Trust 21 Platform Capabilities 24 Industry Overview 31 Annexures 34 Vertis Infrastructure Trust | Corporate Presentation 2026 3
Slide 4: Investment Highlights
01 Investment Highlights Vertis Infrastructure Trust | Corporate Presentation 2026
Slide 5: Vertis Infrastructure Trust: Key Investment Highlights
INVESTMENT HIGHLIGHTS Vertis Infrastructure Trust: Key Investment Highlights Scaled, Balanced and Mature Portfolio • Scaled Portfolio of 28 operational assets across 9 states having AUM of ~INR 27 bn 40:30:30 AUM Split • Balanced mix of Toll and HAM/Annuity assets, supporting stable and predictable
Slide 6: Scaled, Balanced and Mature Portfolio
INVESTMENT HIGHLIGHTS Scaled, Balanced and Mature Portfolio PORTFOLIO SIZE OF 28 ASSETS ACROSS 9 STATES Haryana 4 HAM c.INR 272 bn 8,428 41.3% Scaled AUM(2) Lane Kms Net Debt to AUM Rajasthan Uttar Pradesh AUM growth c.53 % (since listing) Headroom for growth 1 HAM 8 HAM 1 Toll 1 Toll Gujarat 3 Toll
Slide 7: Diversified Toll Portfolio with Robust Performance (1/4)
INVESTMENT HIGHLIGHTS Diversified Toll Portfolio with Robust Performance (1/4) Strategically Curated Portfolio Across Corridors Golden Srinagar Quadrilateral East-West Connector Key Traffic Corridor Exposure North South (by AUM as on March 31, 2026)(2) JPEPL Corridor East West Corridor GEPL STPL – T
Slide 8: Diversified Toll Portfolio with Robust Performance (2/4)
INVESTMENT HIGHLIGHTS Diversified Toll Portfolio with Robust Performance (2/4) Diversification Across Parameters Geographical mix(1) Commodity mix(2) Trip length mix (MAV)(3) Rest of India Industrial goods; <50 km 13% Empty Gujarat 13.7% 3% 20% vehicles;… > 1500 km Rajasthan 21% 50-200 Km 4% 19% And
Slide 9: Diversified Toll Portfolio with Robust Performance (3/4)
INVESTMENT HIGHLIGHTS Diversified Toll Portfolio with Robust Performance (3/4) Healthy Traffic Growth Supported by Structural Drivers (1/2) PCU CAGR (1) PCU CAGR Project Location PV:CV(2) Growth Drivers Tourism Urban Industrial Port (FY19-FY26) (FY26-EOL) ▪ Strategic Corridor Connectivity: Part of t
Slide 10: Diversified Toll Portfolio with Robust Performance (4/4)
INVESTMENT HIGHLIGHTS Diversified Toll Portfolio with Robust Performance (4/4) Healthy Traffic Growth Supported by Structural Drivers (2/2) PCU CAGR (1) PCU CAGR Project Location PV:CV(2) Growth Drivers Tourism Urban Industrial Port (FY19-FY26) (FY26-EOL) ▪ Industrial & Commercial Activity: Auto OEM
Slide 11: Growth Driven by Full Stack Organization (1/2)
INVESTMENT HIGHLIGHTS Growth Driven by Full Stack Organization (1/2) Track record of NAV Accretive Growth Value-Accretive Acquisition Track Record Acquisition executed with M&A framework 5x AUM Growth Emphasis on value creation Robust Distributions Identification & Selection of Asset INR 23.0 Cumula
Slide 12: Growth Driven by Full Stack Organization (2/2)
INVESTMENT HIGHLIGHTS Growth Driven by Full Stack Organization (2/2) Continuous Evolution with Specialized Functions Institutional Credibility & Scalability Specialist Depth & Scale FY26 Functional Depth & Structural Stability • Leadership – COO & CHRO Core & Strategic Foundation • Investor Relation
Slide 13: Consistent Outperformance & Operational Excellence (1/5)
INVESTMENT HIGHLIGHTS Consistent Outperformance & Operational Excellence (1/5) Outperformance on Revenue & Cost Revenue Across Toll Portfolio O&M Cost Across Portfolio Performed 3.5% higher than projections since FY24 O&M cost savings of 7.5% as compared to projections since FY24 Outperformance 2.1%
Slide 14: Consistent Outperformance & Operational Excellence (2/5)
INVESTMENT HIGHLIGHTS Consistent Outperformance & Operational Excellence (2/5) Efficient Collection History with Increased Scale Amount received 4,939 3,394 5,122 1,407 1,013 531 1,019 535 1,022 (INR mn) No. of Annuities 8 7 8 4 3 2 3 2 3 received 6.4 6.1 7.0 Weighted Avg. Days 2.6 3.2 1.4 1.3 Early
Slide 15: Consistent Outperformance & Operational Excellence (3/5)
INVESTMENT HIGHLIGHTS Consistent Outperformance & Operational Excellence (3/5) Continuous and Consistent Innovations in Operations Current Status Of Key Initiatives 730 MT 34 Plastic Waste Utilization in UEPL Installed RoadSafe in 15 assets for MM Plastic Waste EV for Incident Stone Mix Asphalt (SMA
Slide 16: Consistent Outperformance & Operational Excellence (4/5)
INVESTMENT HIGHLIGHTS Consistent Outperformance & Operational Excellence (4/5) O&M Efficiency in Acquired Assets UTPL: Post Acquisition O&M Transformation DLHPL: Project Eco-Lux Structured 100-day value enhancement roadmap implemented immediately post- Phased highway lighting modernization initiativ
Slide 17: Consistent Outperformance & Operational Excellence (5/5)
INVESTMENT HIGHLIGHTS Consistent Outperformance & Operational Excellence (5/5) MM Cost Efficiency Across Portfolio Innovative MM Strategies focused on cost reduction and pavement life improvement Plastic Road in UEPL, UTPL & BETPL Stone Matrix Asphalt (SMA) treatment in UTPL Pilot Phase 10.5 km pilo
Slide 18: Strong Corporate Finance Capabilities
INVESTMENT HIGHLIGHTS Strong Corporate Finance Capabilities Diversified Borrowings, Active Treasury Management INR 115 bn(1) 7.3% 72% 41.3% 12 11.7 years O/s Debt Rate of Interest Floating Rate borrowing Net Debt / AUM Lending Partners Residual Maturity As on 31st March 2026 One of the lowest among
Slide 19: Robust Deal Activities in Highway Sector
INVESTMENT HIGHLIGHTS Robust Deal Activities in Highway Sector Annual Transaction Volume of ~INR 199 bn over FY21-FY26 Government Monetization Private developers – Asset divestment / monetization Historical Track Record of Govt Monetization plans Historical Track Record Private developer asset monet
Slide 20: Robust Deal Activities in Highway Sector
INVESTMENT HIGHLIGHTS Robust Deal Activities in Highway Sector NMP 2.0 Target > 1.5x of NMP 1.0 Asset pipeline driven by NHAI Monetization Potential NHAI Monetization Potential FY26 Monetization NMP 2.0 Potential Monetization Remaining Monetization Potential INR 4,323 bn(1) INR 283 bn INR 2,319 bn I
Slide 21: Overview of Trust
02 Overview of Trust Vertis Infrastructure Trust | Corporate Presentation 2026
Slide 22: Vertis Journey
ABOUT VERTIS Vertis Journey Listing of units at value of Completed acquisition of Completed acquisition of INR 41,550 mn BETPL 10 HAM and 1 Toll assets Preferential issue of from PNC 6 Project SPVs out of initial portfolio (acquired by KKR INR 5,007 mn Sustainability Linked Bond from GIP) transferre
Slide 23: InvIT Structure and Key Investors
ABOUT VERTIS InvIT Structure and Key Investors Public 750+ Investors | Major Public Investors Include Holding 01. 02. 03. OTPP SBI MUTUAL FUND LARSEN AND TOUBRO Sponsor 57.8% 42.2% LIMITED Vertis Fund Advisors Private Limited 04. 05. 06. (Investment Manager) Axis Trustee Services ICICI PRUDENTIAL WH
Slide 24: Platform Capabilities
03 Platform Capabilities Vertis Infrastructure Trust | Corporate Presentation 2026
Slide 25: Highly Experienced Management Team
MANAGEMENT TEAM Highly Experienced Management Team Mr. Gaurav Chanda(1) Dr. Zafar Khan (1) Mr. Abhishek Chhajer (1) Ms. Meghana Singh (1) Mr. GVM Kiran Babu (2) Mr. Jonathan D’Souza (2) Joint CEO and Executive Joint CEO And Executive CFO General Counsel COO CHRO Director Director • As a CEO, all cri
Slide 26: Distinguished Board with Multi-domain Expertise
DIRECTORS Distinguished Board with Multi-domain Expertise Mrs. Sudha Krishnan Mr. Janakiraman S. Mr. Manish Agarwal Mr. Soma Sankara Prasad c.40 Years of Experience c.38 Years of Experience c.30 Years of Experience c.38 Years of Experience Non-Executive Independent Director Non-Executive Independent
Slide 27: Shareholder Protection Independent Board Oversight
PLATFORM CAPABILITIES Strong Governance Framework 01 Independent Board Oversight 02 Audits & Reviews Vertis 50% Independent Directors (ID) with Independent review of effectiveness of controls & processes expertise across Infrastructure, Governance Framework Banking, public policy & regulations Statu
Slide 28: Deeply Rooted ESG & Sustainability Framework
PLATFORM CAPABILITIES Deeply Rooted ESG & Sustainability Framework Verti’s sustainability strategy is anchored around four foundational pillars: Planet: Decarbonisation, Circular Economy & Nature People: Safety Excellence & Workforce Empowerment 730 MT 18,000+ 31 2 MW Waste Plastic 12% 100% 97% Haza
Slide 29: Technology Framework Driving Scalable Asset Operations
PLATFORM CAPABILITIES Technology Framework Driving Scalable Asset Operations Technology Adoption Cyber-Security Across Platform Across Major Functions Vulnerability assessment Biennial vulnerability assessments. Phishing simulation programme for all personnel. Procurement, Operations & Others Compli
Slide 30: Institutionalized Safety and EHS Framework
PLATFORM CAPABILITIES Institutionalized Safety and EHS Framework 01. 02. 03. 04. Operational Safety Controls Leadership & Governance Training & Communications Monitoring & Reporting Physical and procedural safeguards Board to site - ownership at every level Equipping workers with safety knowledge Tr
Slide 31: Industry Overview
04 Industry Overview Vertis Infrastructure Trust | Corporate Presentation 2026
Slide 32: India's Growth and Government Support Powering Roads
INDUSTRY OVERVIEW India’s Growth and Government Support Powering Roads Key Highlights of India’s Roads Sector Increased Automobile Spending complemented with Highways Construction at a Strong Pace Automobile Sale Passenger vs Commercial Highways construction in India (kms) Largest road (Mn Units) Gr
Slide 33: NHAI: Counterparty with Stable and Predictable Framework
INDUSTRY OVERVIEW NHAI : Counterparty with Stable and Predictable Framework Measures to improve road Progressive Reforms Strengthening the Concession Ecosystem user experience FASTag Implementation: ~98% electronic tolling achieved, significantly minimizing toll plaza stoppage times and revenue leak
Slide 34: Annexures
05 Annexures Vertis Infrastructure Trust | Corporate Presentation 2026
Slide 35: Toll Assets Summary
PORTFOLIO OVERVIEW Toll Assets Summary 01 02 03 04 05 06 07 08 09 10 11 12 Project Name NTEPL GEPL DBCPL GRICL-VH GRICL-AM STPL-NI STPL-TN UTPL JPEPL BN UEPL BETPL State Telangana Gujarat MP Gujarat Gujarat AP AP Karnataka Rajasthan UP Tamil Nadu Karnataka Authority NHAI NHAI MPRDC GoG GoG NHAI NHAI
Slide 36: Annuity / HAM Assets Summary
PORTFOLIO OVERVIEW Annuity / HAM Assets Summary 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 Project Name AK5 CA JF UL MN JK1 JK2 AK2 CD AN RB GS DL RA NBPL CH Authority NHAI NHAI NHAI NHAI NHAI NHAI NHAI NHAI NHAI NHAI NHAI NHAI NHAI NHAI NHAI NHAI Type of Concession HAM HAM HAM HAM HAM HAM HAM
Slide 37: Distribution Track Record
DISTRIBUTION CHART Distribution Track Record FY23Q2 FY23Q3 FY23Q3 FY23Q4 FY24Q1 FY24Q2 FY24Q3 FY24Q4 FY25Q1 FY25Q2 FY25Q3 FY25Q4 FY26Q1 FY26Q2 FY26Q3 FY26Q4 Nov 19, Feb 15, Mar 19, May 27, Aug 19, Nov 18, Feb 14, May 24, Aug 17, Nov 13, Feb 7, May 21, Aug 19, Nov 12, Feb 4, May 23, Record Date 2022
Slide 38: Thank You
Thank You Contact US: VERTIS INFRASTRUCTURE TRUST Unit No. 601-602, 6th Floor, Abhishek Chhajer Windsor House, Off CST Road, CFO Kalina, Santacruz East, Email – abhishek.chhajer@vertis.co.in Mumbai – 400 098, Maharashtra Contact Number – 9599 062 801 Vertis Infrastructure Trust | Corporate Presentat
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