Investors Presentation December 2018 Page 1 Contents Executive - PowerPoint PPT Presentation

IWT Terminal, Haldia Bangalore Metro Investors Presentation December 2018 Page 1

Contents Executive Summary Corporate Profile & Shareholding Structure Corporate Vision & Mission Corporate Structure Parent Profile Financial Performance Order Book Analysis Operations & Management Way Forward Page 2

Executive Summary NAME ITD Cementation India Limited (“ ITD Cem ”) INDUSTRY GROUP Infrastructure Urban Infra/MRTS, Marine structures, BUSINESS AREAS Hydro/Tunnels/Irrigation projects, Airports, Highways/Bridges & Flyovers, Water & waste water, Industrial structures/Buildings, Specialist foundation engineering 750 mn AUTHORISED CAPITAL AUDITOR Walker Chandiok & Co LLP SHARE PRICE (1yr) Low: 96 INR High: 194 INR 171,787,584 NUMBER OF SHARES 18,209 mn @106 / share (13 th February 2019) MARKET CAPITALIZATION Page 3

Company Profile & Shareholding Structure Ownership Details: Italian-Thai Development Company Limited As on 31 December 2018 (“ITD”) acquired 80.4% from Skanska AB in 2004 and currently holds 46.64% in ITD Cem Promoters Public 46.64% 18.08%,  Engage in the business areas of urban Infra/MRTS, marine structures, hydro/tunnel/irrigation projects, airports, Bodies highways/bridges & flyovers, water & waster water Corporate segment, industrial structures/buildings and specialist 2.68% foundation engineering projects  Order book of Rs. 95,917 mn as on December 31, 2018 executable over a period of 30 months.  Only construction company with a sustained presence in India with MNC parentage Total institutions  Pedigree of strong management systems and strong recall 32.60% among clients  Employee strength 2,105 people  Only MNC control and construction company which is listed on Indian stock exchanges with a market capitalization of Rs. 18,209 mn (13 th February 2019) Page 4

Vision & Mission • Our aim is satisfied client, a strong and Vision proactive workforce and a quality product finished on time and to budget • To make ITD Cem , the country’s leading Mission construction company in customer choice quality and safety Page 5

Corporate Structure ITD Cementation India Limited Engage in projects of urban Infra/MRTS, marine structures, hydro / tunnel / irrigation projects, airports, highways / bridges & flyovers, water & waste water segment, industrial structures/buildings and specialist foundation engineering projects 80% 49% 40% 95% 100% 60% ITD ITD-ITD Cem JV ITD Cem ITD ITD-ITD Cem CEC-ITD Cem- Cementation (Consortium of ITD- Maytas Cemindia JV JV TPL JV Projects India Ltd. ITD Cementation) Consortium Subsidiary Construction of Construction of Construction of Design and Design and road projects, MRTS and integrated execution of construction of Water supply & Water projects passenger terminal water conveyor underground MRTS building at Netaji system section Subash Chandra including 3 Bose International underground airport stations for Mumbai Metro Page 6

Joint Ventures ITD-ITDCem JV ITD Cem (Consortium ITD CEC-ITD ITD-ITDCem JV Maytas of ITD-ITD Cemindia JV Cem-TPL JV Consortium Cementation) Shareholders ITD Cem – 49% ITD Cem – 40% ITD Cem – 95% ITD Cem – 80% CEC – 40% ITD ITD (Thailand) – 51% ITD (Thailand) – 60% Maytas–5% ITD (Thailand) – Cem – 40% , TPL 20% - 20%  Supply and installation of track  Construction  Investigation  Rehabilitation  Key projects of Design and work for Bangalore Metro – work integrated Design and and construction of virtually completed passenger terminal execution of water Refurbishment of underground building at Netaji conveyor system Water Works at section including  3 under ground stations and Subas Chandra Bose consisting of lined Palta and Garden 3 underground tunnels for Kolkata Metro (International) gravity canal, CM Reach.(KEIIP), stations for  Design and construction of airport in Kolkata & CD works Kolkata Mumbai Metro elevated viaduct and 8 elevated tunnels with Rail Corporation stations under Delhi MRTS Project  4 Nos. projects carrying capacity Limited for DMRCL (CC26) of 87.21 cumecs - from Thipparam Construction of  Design and Construction of Reservoir to elevated Tunnels by Shield TBM under Delhi Gundureddipalli. structures MRTS Project for DMRCL (CC32) for government of (viaduct &  Laying of Water Trunk Main and Andhra Pradesh stations) for Laying of Sewer Line by Micro Bangalore Metro tunneling Method for KEIIP, Kolkata Rail Corporation Ltd.  Laying of Trunk Sewer along James Long Sarani by Micro tunneling Method Work in Hand as 6,430 mn Nil 8,690 mn 14,020 mn 20,032 mn on Dec 31, 2018 (100%) Page 7

Industry Position  Leadership position in marine construction, foundation and specialist works and significant presence in MRTS, Hydro / Dams / Tunnels / Irrigation and transportation segments Several quality and safety awards in the past 15 years - a  reflection of ITD Cem’s drive towards excellence  One of the few construction companies to conform to ISO standards “ISO 9001:2015, ISO 14001:2015 & OHSAS 18001:2007” for Quality Management Systems, Occupational Health and Safety Management System and Environmental Management System.  Key clientele includes: Government: DMRC, RVNL, Kolkata Metro Rail Corporation,  SAIL, Bangalore Metro Rail Corporation, NHAI, Mazagaon Dock Ltd., Garden Reach Shipbuilders, Airport Authority of India, Indian Railways, Govt. of Telangana, Rites Ltd., CPWD, Noida, Mumbai Port Trust, Nagpur Metro Rail Corporation, Mumbai Metro Rail Corporation, Ennore Port Ltd, Nuclear Power Corporation, Kolkata High Court, Inland Waterways of India, Tamil Nadu Generation and Distribution Corporation, MMRDA Private: Reliance – ADAG group, IHI Corporation, Nhava Sheva  Permanent office Gateway Terminal, Tata Power, PSA (Singapore), DP World, Area office Adani Group, China Kun Lun Contracting & Engineering Key Project office Corporation, Jindal Steel, Samsung, Tata Power, RIL, L&T, Jindal Power, Mundra Port Trust, Gangavaram Port Ltd., IIC Ltd. , Tangedco, Howe Engineering et al Page 8

International Parent Strength  Italian-Thai Development Company Limited is the largest construction company in Thailand and one of the largest in South East Asia Listed on the stock exchange of Thailand in 1994 with an initial capital base of Baht 2 million  In 1985, ITD received the Royal Seal of Garuda, the highest and most honorable achievement for civilian  companies in Thailand  Net worth Rs. 36,992 mn as at 30 September 2018  Work in hand (Construction & Concession) Rs. 6,90,656 mn (Construction Rs. 3,57,624 mn) as on November 2018. Geographic spread includes Bangladesh, Cambodia, Laos, Indonesia, Myanmar, Philippines, Madagascar  and Taiwan other than India providing ITD Cem with international exposure  Provides ITD Cem access to its technologies and know-how as well skilled personnel  Provides the Company with access to international design and engineering organisations * 1 Baht = Rs. 2.25 Page 9

Standalone Financials In Millions Yearly Quarterly Revenue from operation Revenue from operation 35,000 6,000 30,000 5,000 25,000 4,000 20,000 3,000 15,000 10,000 2,000 5,000 1,000 0 0 12M FY14 FY15 FY16 FY17 Dec'17 Mar'18 Jun'18 Sept'18 Dec'18 Dec'18 Revenue 4,674 5,032 4,523 4,174 4,503 Revenue 13,694 27,435 29,174 18,729 18,273 Yearly EBITDA Quarterly EBITDA 3,000 18.0 900 20.0 16.0 18.0 800 2,500 14.0 16.0 700 2,000 12.0 14.0 600 10.0 12.0 1,500 500 8.0 10.0 400 1,000 6.0 8.0 300 4.0 6.0 500 2.0 200 4.0 0 - 100 2.0 12M 0 - FY14 FY15 FY16 FY17 Dec'18 Dec'17 Mar'18 Jun'18 Sept'18 Dec'18 * EBITDA 1,773 512 2,336 2,651 2,855 EBITDA 691 610 751 703 792 (%) 13.1 1.9 8.0 14.2 15.6 (%) 14.8 12.1 16.6 16.9 17.6 * After exceptional item Page 10

Standalone Financials In Millions Yearly PAT & EPS Quarterly PAT & EPS 1,500 8.0 400 8.0 1,200 6.0 350 7.0 900 4.0 300 6.0 600 2.0 250 5.0 300 - 200 4.0 0 (2.0) -300 150 3.0 (4.0) -600 100 2.0 -900 (6.0) 50 1.0 12M 0 - FY14 FY15 FY16 FY17 Dec'18 Dec'17 Mar'18 Jun'18 Sept'18 Dec'18 * PAT 194 -593 508 728 1,172 PAT 178 268 286 273 344 PAT (%) 1.4 (2.2) 1.7 3.9 6.4 PAT (%) 3.8 5.3 6.3 6.6 7.6 EPS 1.5 (3.8) 3.3 4.7 6.9 EPS 1.2 1.6 1.7 1.6 2.0 * After exceptional item Debt as at year end Net Worth as at 7,500 1.4 12,000 20.0 1.2 15.0 6,000 10,000 1.0 10.0 4,500 8,000 0.8 5.0 0.6 3,000 6,000 - 0.4 1,500 4,000 0.2 (5.0) 0 - 2,000 (10.0) 12M FY14 FY15 FY16 FY17 0 (15.0) Dec'18 12M FY14 FY15 FY16 FY17 Debt 6,708 4,884 3,562 4,886 2,867 Dec'18 D/E Ratio 1.2 0.9 0.6 0.8 0.3 Net worth 5,678 5,082 5,520 6,173 10,566 Net D/E Ratio 1.2 0.7 0.4 0.6 0.2 RoE (%) 4.0 (11.0) 9.4 12.1 13.8 Page 11