Slides
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AFCONS INFRASTRUCTURE LIMITED Investor Presentation | Q2 & H1 FY27
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Investor Presentation 2 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 subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the Company’s ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cashflows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. All Maps used in the Presentation are not to scale. All data, information and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness.
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Missing Link, Mumbai Pune Expressway Financial Snapshot
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Investor Presentation 4 Q2 & H1 FY27 Result Highlights ₹ 41 Cr PAT Q2 FY27 0.7 x Net Debt to Equity H1 FY27 10.3% EBITDA Margin H1 FY27 147 NWC Days H1 FY27 ₹ 15,968 Cr Order Inflow H1 FY27 ₹ 43,837 Cr Order Book As of Sep’26 (Excl. L1 Orders) ₹ 5,633 Cr Total Income H1 FY27 ₹ 316 Cr EBITDA* Q2 FY27 ₹ 2,906 Cr Total Income Q2 FY27 ₹ 578 Cr EBITDA* H1 FY27 ₹ 71 Cr PAT H1 FY27 Note: *Components of finance cost like Bank charges and commission is added to other expenses & deducted from finance cost, thereby adjusting the calculation of EBITDA & EBITDA Margins 3.95 x Book to Bill H1 FY27
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Investor Presentation 5 Consolidated Financial Performance – Q2 & H1 FY27 Note: *Components of finance cost like Bank charges and commission is added to other expenses & deducted from finance cost, thereby adjusting the calculation of EBITDA & EBITDA Margins. 3,101 2,727 2,906 Q2 FY26 Q1 FY27 Q2 FY27 12.9% 10.9% 3.4% 1.4% Total Income (₹ Cr) EBITDA* (₹ Cr) & EBITDA Margin* (%) PAT (₹ Cr) & PAT Margin (%) 401 263 316 Q2 FY26 Q1 FY27 Q2 FY27 105 30 41 Q2FY26 Q1FY27 Q2FY27 6,520 5,633 H1FY26 H1FY27 846 578 H1FY26 H1FY27 13.0% 10.3% 242 71 H1FY26 H1FY27 3.7% 1.3% Total Income (₹ Cr) EBITDA* (₹ Cr) & EBITDA Margin* (%) PAT (₹ Cr) & PAT Margin (%) 9.6% 1.1%
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Hankede Bridge, Addu City, Maldives Company Overview
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Investor Presentation 7 Corporate Snapshot Flagship Infrastructure Engineering and Construction Company of the Shapoorji Pallonji Group 5,100+ Lane km of roads 150+ km Elevated & Underground Metro 8 LNG Tanks 235 Marine works 65+ km Underground Tunnel by NATM 6 Irrigation, Water Supply and Hydro works 196+ Bridges, Flyovers, Viaducts 47 General Civil Engineering & Industrial Structure 60+ Overseas projects Leading Global EPC company with an Established Track Record in executing large, complex and high-value projects Extreme Engineering Capabilities Standardized processes with efficient resource allocation Maintains a strategic equipment base Note: 1. As per 2025 ENR (Engineering News-Record, US) Top International Contractors rankings. Companies are ranked according to construction revenue generated outside of each company’s home country ENR Top International Contractors Rankings1 Top 3 Indian Cos International marine and port facilities contractor (Highest ranking Indian company in Top 25) 8th Largest Global bridges sector (Only Indian company in Top 25) 12th Rank Global transportation sector (Only Indian company in Top 50) 48th Rank Aqueducts sector (Only Indian company in Top 25) 15th Rank Water Supply 40th Rank Included in MSCI India & Domestic Small Cap Index Index Inclusion AA-/Stable (Long Term) A1+ (Short Term) Credit Rating – Crisil/Ind-Ra
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Investor Presentation 8 Decades of Extreme Engineering 1959 - 1969 1959: Founded as a partnership between Rodio Foundation Engineering Limited, Switzerland and Hazarat & Company, India as a civil construction firm 1963: Entered Marine Construction 1970 - 1980 1974: Expanded into overseas markets through the construction of the Jetty and Intake Structure for the Desalination Plant at Muscat (Oman) 1976: Established as a company: Asia Foundations and Constructions Private Limited 1979: Entered Bridge Construction 1981 - 1991 1987: Won the first project in Africa (Ethiopia) 1988: Entered Road Construction 1992- 2002 1996: Renamed as “Afcons Infrastructure Limited” to reflect a major thrust in infrastructure related projects 1997: Became a full-fledged Public Limited Company 2000: • Acquired by Sterling Investment Corporation Limited, a Shapoorji Pallonji Group Company • Entered Elevated Metro Segment 2003 - 2013 2005: Entered Hydro and Rail Tunnel Segment 2007: Achieved total income of INR 10bn 2009: Won the first offshore oil and gas business project 2010: Entered Underground Metro Tunnelling Segment 2014 - 2024 2016 • Entered Turnkey Railway segment • Entered Irrigation segment 2017: Entered the International Water Supply segment 2020 • Entered the Regional Rapid Rail Transit System (RRTS) segment • Crossed total income of INR 100bn 2021: Won Greater Male Connectivity Project, the largest infra project in Maldives 2022: Entered the Domestic Water Supply Segment 2023: Won C2 Tunnel Package for Mumbai Ahmedabad High Speed Rail (MAHSR) - India’s first 7 km long undersea tunnel 2024: Listed on NSE and BSE 2025 - 2026 2025 • Achieved the highest ever pending order book of ~INR 369bn • Inauguration of Chenab Bridge, the world’s highest single-arch railway bridge at Jammu Kashmir, India
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Investor Presentation 9 Portfolio Spread across Major Infrastructure Segments… Afcons provides Engineering, Procurement and Construction (EPC) services across major infrastructure segments • Ports & Harbours Jetties, Dry Docks, Wet Basins, Breakwaters, Outfall & Intake structure, LNG Tanks • Material Handling Systems Marine & Industrial Business Segments • Highways & Roads • Interchanges • Mining-related infra • Railways Surface Transport • Elevated & Underground Metro Works • Bridges & Flyovers • Elevated Corridors Urban Infrastructure • Dams & Barrages • Tunnels (including large road tunnels) & Underground Works • Water & Irrigation Hydro & Underground • Offshore Oil & Gas • Onshore Oil & Gas Oil & Gas 21.2% Order Book1 % (Sept’26) 23.2% 39.6% 15.6% 0.4% Note: 1. Order Book split for INR 43,837 Cr as of Sept’26
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Investor Presentation 24.4% 15.2% 15.6% 21.2% 23.2% 0.4% 10 … with Diverse & High-Quality Order Book By Segment By Geography By Client Type Urban Infra - Underground & Elevated Metro Urban Infra - Bridges & Elevated Corridor Hydro & Underground Marine & Industrial Surface Transport Oil & Gas 25% 75% Overseas Domestic Order Book (Sept’26): ₹ 43,837 Cr 71% 24% 5% Government Multilateral Private Sector
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Investor Presentation 11 Diversified Bid Pipeline Supporting Long term Growth Bid Pipeline for FY27: ₹ 0.8 LAKH CRORE Segment Pipeline (Rs. Cr.) Share (%) Urban Infrastructure 17,718 22% Hydro & Underground 28,478 35% Marine & Industrial 28,986 36% Surface Transport 5,420 7% TOTAL 80,602 100% By Segment By Geography Strengthening global footprint while leveraging deep expertise and strong execution track record Domestic Overseas 63% 37%
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Investor Presentation 12 Strategic Presence in Key Markets One of India’s Largest International Infrastructure Companies Africa Middle East Asia Bahrain Iraq Jordan Kuwait Oman Qatar Yemen UAE Ethiopia Guinea Gabon Ghana Liberia1 Mozambique1 Madagascar Mauritius1Mauritania Tanzania1 Zambia Ivory Coast1 Rwanda1 Benin1 India1 Bangladesh1 Bhutan Indonesia Kazakhstan Maldives1 Sri Lanka Note: CIS – Commonwealth of Independent States. 1. Ongoing Projects Afcons has presence / delivered projects in 32 countries across South Asia, Africa, Middle East, Europe and CIS ZimbabweUganda1 Europe Croatia1
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Investor Presentation 13 Pioneering Extreme Engineering & Construction Projects First of Its Kind Infrastructure Projects – World Chenab Bridge World’s tallest single-arch railway bridge Atal Tunnel World’s longest highway tunnel 3,000m above sea level Sohar Jetty One of World’s deepest ports in Oman Annaram Barrage Part of World’s largest multi-stage lift irrigation project New Owendo International Port, Gabon Fastest completion of port project in West Africa Lusaka City Decongestion Project, Zambia First city decongestion project in Africa Ghana Rail Ghana’s largest railway project and the longest railway bridge in the country First Bridge in Africa with raker pile foundations First of Its Kind Infrastructure Projects – India Kolkata Metro India’s 1st underwater tunnel; Howrah metro station is India’s deepest metro station Chennai Metro One of India’s largest underground metro station JNPT, Mumbai India’s largest container port; Constructed 1 suspended deck wharf and 5 approach trestles Nagpur Metro India’s 1st 4-layer transportation system at Gaddigodam Railway Crossing MG Setu 1st time in India – replaced existing concrete superstructure with new steel superstructure Kanpur Metro Constructed in record time of less than 2 years despite the Covid-19 pandemic Package 14, Igatpuri India’s widest and Maharashtra’s longest road tunnel at Nagpur Mumbai Expressway Jammu Udhampur Fastest hill-road project completion in NHAI’s history Heera Redevelopment Process Platform 1st Indian EPC contractor to install an offshore process platform using floatover technology The Mumbai-Pune Missing Link India’s tallest road cable-stayed bridge at Mumbai–Pune Expressway
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Investor Presentation Key Ongoing Projects – India 14 Pioneering Extreme Engineering & Construction Projects Key Ongoing Projects – Overseas Delhi Metro Phase IV Construction of tunnels totaling 11.3km, 6 underground stations, 10 cross passages, 160m of ramp work and other miscellaneous work C2 HSR 21 kms Tunnel project with India’s first undersea rail tunnel (7km) for Mumbai Ahmedabad High Speed Rail Corridor Bhopal Metro BH-05 Construction of elevated Viaduct of 11.968 Km and 13 elevated Stations Construction of Offshore Breakwater at Vadhvan Port Construction of 10.14 km of breakwater, second largest in the world Jamrani Dam Project Civil works including Hydro-Mechanical works for Construction of 150.60 m high Concrete Gravity Dam Reliance Industries Project Multiple civil and structural packages covering fabrication, erection and piping works at Dahej, New Energy complex at Jamnagar and a 2.22 km runway and associated airside infrastructure at Kutch GCPL EPC of 2nd liquid cargo berth at Dahej, Gujarat MCGM Water Tunnel Projects Design and construction of two water conveyance tunnel systems, including one for desalinated water, both involving deep shafts, TBM tunnelling and pipeline works Development of Container Terminal at Tuna Tekra (DP World) Construction of Approach Trestle – 1600m and container wharf 1100m Croatia Railway Project Design & construction of double-track railway corridor with stations, ROBs, bridges/culverts, signaling, electrification and allied railway infrastructure Greater Male Connectivity – Maldives Biggest Infrastructure Project in Maldives Liberia Projects (Arcelor Mittal) Multiple projects: Civil, Structural, Piping & Mechanical works in Liberia Dharamtar Creek Bridge Project Construction of Four Lane Bridge across Dharamtar Creek connecting Revas to Karanja in Raigad District, Maharasthra Design and construction of elevated road between NH 4 old to Katai Naka Construction of 6.71 Km of Elevated Viaducts & ROB, 1.58 Km of Ramps and 6.32 Km of Road Offshore Process Platform Project for Development of KG-DWN-98/2 Construction, Hook-up and Commissioning of Central Processing Platform, Living Quarters & Utility Platform and Flare Platform Uganda Roads Package 6B Design and build of upgrading of Karugutu - Ntoroko town road – 68 km, Ntoroko City, Uganda
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Investor Presentation Mr. Firoz Cyrus Mistry Non-Executive Director • Promoter member of the SP Group of companies. • On the Board of S C Finance and Investments Pvt Ltd and Cyrus Investments Private Limited. • Designated partner in CPM Nexgen Ventures LLP and Mistry Ventures LLP. • Bachelor of Liberal Arts from Yale University, USA. 15 Leadership & Governance Mr. Anurag Kumar Sachan Independent Director • Fellow of the Indian Institution of Technical Arbitrators and a member of the Chartered Institute of Logistics & Transport – India. • Strong track record of 37 yrs in Project & Contract Management, Bidding, Arbitration, Freight Operation Maintenance & Human Resource Development. Mr. Sitaram Janardan Kunte Independent Director • Governor of National Institute of Securities Markets (NISM), created by SEBI. • Member of Academic Council, IIM Mumbai. • Empaneled as Abrbitrator by Hon. Bombay High Court and National Hydro Power Corporation. • Retd. IAS officer previously associated with the Government of Maharashtra. • 36+ years of experience. Ms. Rukhshana Jina Mistry Independent Director • Practicing Chartered Accountant. • 34+ years of experience Mr. Atul Sobti Independent Director • Prior experience - Chairman & MD of Bharat Heavy Electricals Limited. • Experience in the areas of Corporate Governance, Marketing & BD, Project Management, Engineering & R&D among others. • 45+ years of experience. Mr. Cherag Sarosh Balsara Independent Director • Practicing as a Counsel specializing in civil litigation in Bombay High Court, Supreme Court and the National Company Law Tribunal. • 32+ years of experience in handling large number of commercial and corporate disputes, commercial arbitration matters, and numerous redevelopment projects in Mumbai. Mr. Santosh Balachandran Nayar Independent Director • Held several senior leadership positions, including Deputy Managing • Director & Group Executive (Corporate Banking) at the State Bank of India, Managing Director & CEO at IFCI Limited and Chairman & Managing Director at India Infrastructure Finance Company Limited. • 40+ years of experience in project finance, banking, and insurance. Mr. Subramanian Krishnamurthy Executive Chairman • Expertise in Project Planning, Execution, Overall Project Management, Contract Management and Corporate Planning. • Serves on the boards and academic councils of NICMAR, IIM Mumbai and ITM Hyderabad. • 42+ years of experience in Construction and Engineering sector. Mr. Srinivasan Paramasivan Managing Director • Alumnus of the University of Madurai, Certified Associate of the Indian Institute of Bankers, Fellow Member of ICMAI and ICSI. Co-Chairperson of FICCI's Infrastructure Committee. • Chairman of the Project Export Promotion Council. • 40+ years of experience in finance, secretarial and legal. Mr. Shapoorji Pallonji Mistry Chairman – Emeritus* • On the board of Shapoorji Pallonji & Company Private Limited, Sterling Investment Corporation Private Limited. • 38+ years of experience across construction, real estate, infrastructure, water, oil & gas and renewable energy sector. Mr. Giridhar Rajagopalan Deputy Managing Director • Heads the Design, Methods, Quality, Safety, ISO, Technical Training and Knowledge Management departments. • Member of the Board of Institute of Lean Construction Excellence (ILCE). • 46+ years of experience in methods and technology sector. Mr. Umesh Narain Khanna Non-Executive Director • Prior experience - CEO, Director on Board Bharat Forge-NTPC Energy Systems Limited, a JV between NTPC Ltd. and Bharat Forge Ltd. • 42+ years of experience. Mr. Pallon Mistry Non-Executive Director • Promoter member of the SP Group of companies. • Director on the Board of several SP Group companies. • Board member of Imperial College India Foundation. • Master’s degree in Strategic Marketing from Imperial College, UK. Note: * Not a Board position
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ICP-R Process Platform Strategic Equipment Base
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Investor Presentation 17 Strategic Equipment Base across Diversified Segments Note: 1. As of Sept’26 13 Marine Barges (200 – 1,200 tonne) 20 Tunnel Boring Machines (TBMs) 9 Large-capacity Jack ups (200–750 tonne) 140 Cranes 24 Jumbo drills ◼ Indigenous strategic equipment fleet ◼ Worth ₹ 5,1358.9 mn1 ◼ Across diversified segments ◼ Inventory of customized tunnel boring machines – one of the largest amongst peers in India ◼ Two workshops in Delhi and Nagpur for maintenance and innovation ◼ Technological edge in executing challenging projects Strategic Equipment Base
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Ahmedabad Elevated Metro Sustainability Metrics ₹
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Investor Presentation 19 Extreme Engineering Building a Sustainable Tomorrow Note: Figures represented for FY2025-26 except * which indicates a comparison between FY2025-26 and FY2024-25 0.44% Water Recycled for Reuse Greenbelt Development Work Treated water used for tree plantation, landscaping, etc. Reduced water usage Specialized chemical admixtures to lower water requirement for concrete production Dust Suppression Across construction sites, to maintain an environment-friendly operation ~10% Reduction* Water Intensity / ₹ Turnover Eradicating hunger, poverty and malnutrition Charitable and Welfare activities Education Skill development initiatives for underprivileged children School infrastructure upgrade and education- related equipment ₹ 4.14 Cr Total CSR Expenditure 35,520 No of Beneficiaries Impacted 23,466 Sessions on Health, Safety and Environment 100% Performance and Career Development Reviews of Employee Training Livelihood enhancement Farmer Livelihood and Skilling Improving Water Access through water harvesting Healthcare Construction and support to Ayurvedic treatment facilities and Research Centre In FY 2025–26, 43% of revenue was attributable to green revenue 68% 30% 2% Clean Mobility Water Resilience Systems Renewable Energy Infrastructure 43 % Use of Fly Ash & GGBS Reducing concrete carbon footprint through sustainable material substitution. Energy-Efficient VFD Installations Optimizing power consumption and improving operational efficiency. DG Emission Control Systems Reducing air pollution through advanced generator emission management.
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Bangalore Elevated Metro Financial Performance
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Investor Presentation 21 Q2FY27 Consolidated Income Statement Particulars (₹ Cr) Q2 FY27 Q2 FY26 Y-o-Y Q1 FY27 Q-o-Q H1 FY27 H1 FY26 Y-o-Y Revenue from Operations 2,635 2,988 2,671 5,306 6,359 Other Income 271 113 56 327 161 Total Income 2,906 3,101 -6.3% 2,727 6.6% 5,633 6,520 -13.6% Cost of Material Consumed 772 915 577 1,349 1,595 Cost of Construction 1,017 1,045 1,301 2,318 2,583 Employee Expenses 298 349 303 601 726 Other Expenses 503 391 284 787 770 EBITDA* 316 401 -21.2% 263 20.3% 578 846 -31.6% EBITDA Margin* (%) 10.9% 12.9% 9.6% 10.3% 13.0% Depreciation 98 122 84 182 261 EBIT 218 279 -21.9% 179 21.7% 396 585 -32.1% EBIT Margin (%) 7.5% 9.0% 6.6% 7.0% 9.0% Finance Cost* 136 130 128 263 252 Exceptional Items/Share from Associates 0 0 0 0 0 Profit before Tax 82 149 -44.8% 51 62.8% 133 333 -60.0% Profit before Tax (%) 2.8% 4.8% 1.9% 2.4% 5.1% Tax 41 44 21 62 91 Profit After Tax 41 105 -60.9% 30 35.6% 71 242 -70.6% PAT Margin (%) 1.4% 3.4% 1.1% 1.3% 3.7% EPS (As per Profit after Tax) 1.12 2.85 0.82 1.94 6.59 Note: *Components of finance cost like Bank charges and commission is added to other expenses & deducted from finance cost, thereby adjusting the calculation of EBITDA & EBITDA Margins; All figures are rounded off to the nearest crore
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Investor Presentation 22 Consolidated Income Statement Particulars (₹ Cr) FY24 FY25 FY26 Revenue from Operations 13,268 12,548 11,948 Other Income 379 474 374 Total Income 13,647 13,023 12,322 Cost of Material Consumed 4,012 3,290 2,845 Cost of Construction 5,294 5,246 5,046 Employee Expenses 1,383 1,435 1,452 Other Expenses 1,374 1,390 1,540 EBITDA* 1,583 1,662 1,439 EBITDA Margin* (%) 11.6% 12.8% 11.7% Depreciation 494 491 454 EBIT 1,089 1,171 985 EBIT Margin (%) 8.0% 9.0% 8.0% Finance Cost* 416 461 522 Exceptional Items/Share from Associates# 0 0 77 Profit before Tax 673 710 387 Profit before Tax (%) 4.9% 5.5% 3.1% Tax 223 223 136 Profit After Tax 450 487 251 PAT Margin (%) 3.3% 3.7% 2.0% EPS (As per Profit after Tax) 13.20 13.24 6.82 Note: *Components of finance cost like Bank charges and commission is added to other expenses & deducted from finance cost, thereby adjusting the calculation of EBITDA & EBITDA Margins; All figures are rounded off to the nearest crore # Exceptional items refers to the one-time impact of labour code of ₹76.51 Cr in FY26
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Investor Presentation 23 Consolidated Balance Sheet Particulars (₹ Cr) FY25 FY26 H1 FY27 Particulars (₹ Cr) FY25 FY26 H1 FY27 Equity and Liabilities Assets Equity Share Capital 368 368 368 Tangible Assets (incl. CWIP and ROU) 2,770 3,399 3,381 Other Equity 4,893 5,082 5,097 Intangible Assets 1 1 0 Non-controlling Interest 2 1 0 Investments 1 1 1 Total Equity 5,263 5,451 5,465 Trade Receivables 3,459 4,038 3,744 Contract Liabilities 4,774 4,094 3,852 Contract Asset 7,096 7,731 8,255 Borrowings 2,235 3,538 4,765 Loans & Advances 57 68 75 Trade Payables 3,975 4,471 4,346 Inventories 1,010 1,017 950 Lease Liabilities 107 89 82 Cash & Bank Balance 770 886 717 Other Financial Liabilities 321 1,057 547 Other Financial Assets 650 639 807 Current Tax and Deferred Tax liabilities 127 81 126 Non-current Tax Assets 12 62 169 Provisions 172 220 189 Other Assets 1,293 1,289 1,321 Other Liabilities 145 130 48 Total Liabilities 11,856 13,680 13,955 Total Equity and Liabilities 17,119 19,131 19,420 Total Assets 17,119 19,131 19,420 Note: All figures are rounded off to the nearest crore
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Investor Presentation 24 Consolidated Cash Flow Statement Particulars (₹ Cr) FY25 FY26 H1 FY27 Cash Flow from Operating Activities Profit before Tax 710 463 133 Adjustment for Non-Operating Items 921 1,239 512 Operating Profit before Working Capital Changes 1,631 1,702 645 Less: Changes in Working Capital 1,523 1,592 861 Cash Generated/(Used In) from Operations 108 110 -216 Less: Direct Taxes paid -240 -237 -124 Net Cash from Operating Activities -132 -127 -340 Cash Flow from Investing Activities -132 -402 -374 Cash Flow from Financing Activities 290 473 834 Net increase/ (decrease) in Cash & Cash equivalent 26 -56 120 Add: Cash and cash equivalents as at the beginning of the year / period 413 440 386 Effects of exchange rate changes on cash and cash equivalents 1 2 -2 Cash and cash equivalents as at the end of the year / period 440 386 504 Note: All figures are rounded off to the nearest crore
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Annexures Offshore Process Platform Project for Development of KG-DWN - 98/2
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Investor Presentation 26 Strong Commitment to Knowledge Management and Innovation Practices Focus on transforming into a knowledge enterprise with continuous learning across levels Project Start • Kick-of workshop • Activity-based classroom • E-Learning • External trainings Project Execution • Activity lessons learned • Lean construction • Classroom @Site • Process videos • Project videos • Expert podcast • Case studies Project Completion • Project Documents • Project lessons learned • Project completion report … with focus on continuous enterprise-wide learning Learn Before Learn During Learn After Project Life Cycle Industry leading knowledge management practice … Only Indian infra company to win the MIKE award eight times in a row Launched the Afcons Talent Management Academy in 2022 Only infrastructure company to have a Chief Knowledge Officer MAKE (Most Admired Knowledge Enterprise) – Global, Asia and India 2016 & 2017 MIKE (Most Innovative Knowledge Enterprise) – Global and India 2018 to 2025 Knowledge Enterprise Implemented an operational excellence model Allows different projects to learn from each other Fosters a culture of continuous learning Enhance knowledge and capabilities of engineers Knowledge Consumption Knowledge Creation Total Man hours of training (includes certain mandatory courses) FY26: 2,79,552 man hours Total Man-days of training per employee FY26: 9.1 days
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Investor Presentation 27 Robust Contracts Management System Escalation clauses in contracts to pass cost overruns to clients Robust contracts management system to handle disputes Built a strong network of external experts, advocates and firms Actively engage in resolving claims with clients through a collaborative and constructive approach Collect payments at different stages of the project upon completion of various milestones Sizable percentage of contract value collected as advance payment when contract is executed
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Investor Presentation 28 Strong Risk Management Architecture Demonstrated ability to assess and manage risks across the project lifecycle Key Considerations Teams Involved: Business Development Executives, Tendering Team, Strategy Team Pre-tendering Country Risk Client Risk Project Risk JV Risk Teams Involved: Tendering Team, Business Unit Head, Design Department, Core Methods and Engineering Group, Supply Chain Management Team, Executive Chairman and MD Tendering Scope of Work Construction Method Estimates of Construction Material Equipment Requirement Designs Prepared by Client / Alternative Designs Contractual Aspects Reviews: Periodic project reviews and risk monitoring at the project site Execution Unknown Site Condition Known Operational Risk Unknown Construction Method Design Risk Challenges in Site Access and Logistics Subcontractor • Construction schedule of the project updated monthly • Daily / Weekly / Monthly and Quarterly reviews conducted • Site team and head office teams monitor the budget on a monthly and quarterly basis for any cost overruns Monitoring and Reporting • Annual budget for the applicable project prepared by the site team for each financial year along with head office MIS team • At the completion, the project team sends the project completion report to the head office Risk Management: Led by Chief Risk Officer
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Investor Presentation 29 Key Strategies to Drive Growth Afcons aims to grow business in a sustainable 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 Grow a Highly Skilled and Motivated Workforce and Strengthening Equipment Base Optimize Project Execution and ManagementMaximize Opportunities in Existing Markets and Expanding Footprint in Overseas Market Selectively Pursue Large Value and Complex Projects Focus On Cost Management
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Investor Presentation 30 Key Awards and Accreditations Winner of Golden Peacock Innovative Product/Service Award 2026 by Institute of Directors (India) Winner of British Safety Council’s International Safety Award across multiple projects (2026) ‘Construction Contractor of the Year’ award at the 16th Construction Week India Awards 2026 Most Admired Emerging Company in the Transport Sector’ at the ET Now Infra Focus Summit and Awards 2025 ‘Third-fastest Growing Construction Company’ in the Ultra Large Category at the Construction World Global Awards 2025 India Green Awards - The Green Commercial Project Award of the Year in 2025 for Delhi Metro Award for the Top-Rated Construction Company in the ‘Mid-Sized Companies’ category by the Ambition Box Employee Choice Awards (ABECA) 2025 CII Industrial Innovation Award - Won the Top Innovative Company (across all sectors and categories) as well as in the Service Category (Large) for Incredible Engineering (2025) Certificate of Recognition’ as one of India’s 500 most valuable companies (2025) by Burgundy Hurun
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COMPANY : Afcons Infrastructure Limited CIN: L45200MH1976PLC019335 Name: Ms. Drisha Poddar Email: investor.relations@afcons.com Website: www.afcons.com INVESTOR RELATIONS ADVISORS: MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services Mr. Nikunj Seth nikunj.seth@in.mpms.mufg.com Ms. Ayushi Gupta ayushi.gupta@in.mpms.mufg.com THANK YOU Meeting Request Link Link