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KEC >> RPG KEC International Limited Investor Presentation - Q1 FY27 10 August 2026 Power T & D Civil Transportation Oil & Gas Pipelines Renewables Cables & Conductors An >>> RPG Company
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2 Disclaimer This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures, and financial results, are forward looking statements. Forward looking statements are based on certain assumptions and expectations of future events and involves known and unknown risks, uncertainties and other factors. The Company cannot guarantee that these assumptions and expectations are accurate or exhaustive or will be realised. The actual results, performance or achievements, could thus differ materially from those projected in any such forward-looking statements. No obligation is assumed by the Company to update the forward- looking statements contained herein. The information contained in these materials has not been independently verified. None of the Company, its Directors, Promoter or affiliates, nor any of its or their respective employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this document or its contents or otherwise in connection with this document, and makes no representation or warranty, express or implied, for the contents of this document including its accuracy, fairness, completeness or verification or for any other statement made or purported to be made by any of them, or on behalf of them, and nothing in this document or at this presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. The information and opinions contained in this presentation are current, and if not stated otherwise, as of the date of this presentation. The Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. The Company undertake no obligation to update or revise any information or the opinions expressed in this presentation as a result of new information, future events or otherwise. Any opinions or information expressed in this presentation are subject to change without notice. This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of KEC International Limited (the “Company”), nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment or to be relied in connection with an investment decision in relation to the securities of the Company therefore any person/ party intending to provide finance / invest in the shares/businesses of the Company shall do so after seeking their own professional advice and after carrying out their own due diligence procedure to ensure that they are making an informed decision. Neither the delivery of this document nor any further discussions by the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date. This presentation is strictly confidential and may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and if given or made, such information or representation must not be relied upon as having been authorized by any person. Failure to comply with this restriction may constitute a violation of the applicable securities laws. The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about and observe any such restrictions. By participating in this presentation or by accepting any copy of the slides presented, you agree to be bound by the foregoing limitations.
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3 Semiconductor Manufacturing Plant, Gujarat, India Overview – RPG Group & KEC International 1
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4 RPG Group: Powered by Passion, Driven by Ethics EPC major in infrastructure segments like T&D, Civil, Transportation, Oil & Gas, Renewables & Cables & Conductors One of India’s leading tyre manufacturers Global technology consulting and IT services company Integrated pharma company in formulations and synthetic APIs Technology solutions company catering to energy and infrastructure One of India’s largest plantation companies producing tea, rubber, etc. RPG Enterprises was founded in 1979. The group currently operates various businesses in Infrastructure, Technology, Life Sciences, Plantations and Tyre industries. The group has business history dating back to 1820 AD in banking, textiles, jute and tea. The Group grew in size and strength with several acquisitions in the 1980s and 1990s. RPG Group is one of India’s fastest growing conglomerates with 35,000+ employees, presence in 135+ countries and annual gross revenues of USD 5.2 Bn UNLEASHTALENT TOUCHLIVES OUTPERFORM AND ☺
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5 KEC International : A Legacy of 8 Decades, A Promise of Happiness Transmission & Distribution Civil Cables & Conductors Transportation Renewables Oil & Gas Pipelines 8+ DECADES OF EXPERIENCE & EXPERTISE 110+ FOOTPRINT IN COUNTRIES 250+ ONGOING PROJECTS 7800+ EMPLOYEES 8 MANUFACTURING FACILITIES 40+ NATIONALITIES $2.7 BILLION GLOBAL EPC MAJOR *USD/ INR FY26 Average Exchange Rate of 88.4
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6 Diverse Portfolio of Offerings Transmission Lines Factories Underground Cabling Water Conductors Substations Residential Buildings S&T Metros – Civil Metros - Tech Commercial Buildings OHE Ballastless Tracks Data Centre TCAS - Kavach Automatic Signalling Solar Tunnel Ventilation Defence Speed UpgradationHVDC CablesDepot & Workshops Smart City Stations & Platforms Oil & Gas Pipelines Warehouses MEP Semiconductor Thermal Power RopewaySTATCOM Airports Hospitals Wind
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7 Purpose Statement and Culture Pillars “WE TRANSFORM LIVES BY BUILDING SUSTAINABLE WORLD CLASS INFRASTRUCTURE” Execution Excellence Happiness Customer Centricity Technology & Engineering Mindset Inclusive - Diverse & Global Mindset Empowerment & Trust
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8 Board of Directors H. V. Goenka Chairman, Non Executive Director Vikram Gandhi Non Executive Independent Director Vinayak Chatterjee Non-Executive Non-Independent Director Shirish Sankhe Non Executive Independent Director Vimal Bhandari Non Executive Independent Director Vimal Kejriwal Managing Director & CEO M.S. Unnikrishnan Non Executive Independent Director Neera Saggi Non Executive Independent Director Arvind Singh Non Executive Independent Director Harsh Vardhan Shringla Non Executive Independent Director
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9 Management Team Vimal Kejriwal Managing Director & CEO Rakesh Gaur CEO – SAE Towers & ED – T&D (Africa & CIS) Rajinder Gupta Chief Executive – T&D (India & SAARC) Mayank Agrawal SVP - Materials, Excellence & Project Assurance Ankur Dev Executive Director - Transportation & Renewable Energy Manish Srivastava Managing Director, KEC Asian Cables Ltd. Somraj Roy Chief Human Resources Officer & Executive Director Rajeev Aggarwal Chief Financial Officer Raman Kapil President - Civil Ganesh Srinivasan President - T&D
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10 Key Performance Highlights 2 765kV Ahemdabad – Navsari Transmission line, Gujarat
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11 Performance Snapshot – Q1 FY27 • Achieved Revenues of Rs. 5,024 Cr, higher than last year • Delivered PBT of Rs. 90 Cr and PAT of Rs. 73 Cr.; Achieved PBT margin of 1.8% and PAT margin of 1.4% • Performance could have been better but for the West Asia crisis, shortage of labour and slower execution in water projects Financial Performance • YTD order intake of over Rs. 6,300 Cr across T&D, Civil, Renewables, Cables & Conductors and Transportation businesses • Order Book + L1 position of over Rs. 40,000 Cr – More than 60% from T&D • Robust Tender Pipeline of over Rs. 2 lac crore, equally distributed between T&D and Non T&D Order Book & Tender Pipeline • Net Debt incl. Acceptances have been reduced by more than Rs. 150 Cr to Rs. 6,568 Cr as on 30 Jun’26 vis-à-vis 31 Mar’26 • Debt could have been lower but for: o Delay in realisation of significant collections from Afghanistan, which we expect to materialize in Q2 o Higher strategic inventory levels due to ongoing disruptions Leverage Resilient Performance in a challenging environment – Maintained Revenues, Reduced Debt & Strengthened Order Book
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12 Key Business Highlights – Q1 FY27 •Revenues of Rs. 3,217 Cr •Order intake of ~Rs. 3,600 Cr across India, Middle East, Africa and Americas •Secured first transmission line order for evacuation of power to a Data Centre from a private developer •Robust order book & L1 of over Rs. 25,000 Cr T&D •Revenue grew to Rs. 993 Cr •Order Intake/ L1 of over Rs. 1,400 Cr •Widened presence in the automobile and Residential building segments by securing prestigious orders from new clients •Strong order book & L1 of over Rs. 10,000 Cr Civil •Secured new orders of ~Rs. 800 crores across Wind and Solar segments •Executing solar and wind energy projects with a cumulative capacity of over 600 MW •~1 GW solar projects for IRCON Pavagada and NTPC Bhadla commissioned recently are operating successfully at their rated capacity Renewables •Revenues of Rs. 601 Cr., growth of 57% •Steady inflow of orders •Elastomeric cables are slated to commence production in Q2 FY27, followed by the commissioning of the E-Beam plant in Q3 FY27 Cables & Conductors •Revenues of Rs. 259 Cr; focus on completion of ongoing projects •Secured orders of over Rs. 250 Cr in the Automatic Block Signalling (ABS) segment •Continue to bid for opportunities in TCAS (Kavach), technologically enabled areas of Metros and tunnel ventilation Transportation •Initiated the merger of our wholly owned subsidiary, KEC Spur Infrastructure Private Limited, with KEC International Limited •The Oil & Gas Pipelines portfolio will be integrated into our Civil – Hydrocarbon segment, enabling a unified approach towards hydrocarbon projects Oil & Gas
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13 Management Commentary We delivered a resilient performance for the quarter, by maintaining revenues, strengthening our order book, reducing debt and building a healthy growth pipeline, despite a challenging operating environment. The performance for the quarter could have been better but for the continued geopolitical disruptions in the Middle East, labour shortages and calibrated execution of water projects due to delayed payments. While certain near-term challenges persist, we believe they are largely transitory. With supply chains gradually normalising, labour availability improving, an Order Book and L1 position of over Rs. 40,000 crore, a robust tender pipeline exceeding Rs. 2 lakh crore, and strong opportunities across both domestic and international markets, we remain confident of delivering stronger execution and improved financial performance in the coming quarters. Vimal Kejriwal Managing Director & CEO
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14 Rubber Cables Facility at Vadodara, GujaratRubber Cables Facility at Vadodara, Gujarat Financial Performance 3
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15 Profit and Loss Summary - Consolidated (₹ crore) Particulars Q1 FY27 Q1 FY26 Growth (Y-o-Y) Revenues 5,024 5,023 0% EBITDA 291 350 -17% EBITDA Margins 5.8% 7.0% (+) Other Income 14 5 (-) Depreciation 51 46 (-) Interest 164 151 9% Interest as % to sales 3.3% 3.0% PBT 90 159 -43% PBT Margins 1.8% 3.2% Tax 17 34 Tax Rate % 19.2% 21.4% PAT 73 125 -42% PAT Margins 1.4% 2.5%
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16 Profit and Loss Summary - Standalone (₹ crore) Particulars Q1 FY27 Q1 FY26 Growth (Y-o-Y) Revenues 3,898 4,030 -3% EBITDA 156 197 -21% EBITDA Margins 4.0% 4.9% (+) Other Income 17 8 (-) Depreciation 36 32 (-) Interest 136 123 10% Interest as % to sales 3.5% 3.1% PBT 1 50 -97% PBT Margins 0.0% 1.2% Tax 1 13 Tax Rate % 61.3% 26.0% PAT 1 37 -99% PAT Margins 0.0% 0.9%
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17 Businesswise Revenue Performance - Consolidated (₹ crore) Particulars Q1 FY27 Q1 FY26 Growth (Y-o-Y) T&D: 3,217 3,157 2% - T&D (KEC) 2,767 2,797 -1% - SAE Towers 450 359 25% Non T&D: 2,026 1,990 2% - Civil 993 940 6% - Transportation 259 471 -45% - Oil & Gas Pipelines 117 60 93% - Renewables 56 136 -58% - Cables & Conductors 601 383 57% Inter SBU: -219 -124 Total Net Sales 5,024 5,023 0% T&D Share 64% 63% Non T&D Share 36% 37%
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18 Borrowings & Working Capital - Consolidated (₹ crore) ▪ Net Debt incl. Acceptances have been reduced by more than Rs. 150 Cr to Rs. 6,568 Cr as on 30 Jun’26 vis-à-vis 31 Mar’26 ▪ The reduction in debt has also translated into a lower absolute interest cost compared to Q4 FY26 ▪ Net Working Capital (NWC) has been reduced to 134 days as on 30 Jun’26 vis-à-vis 137 days as on 31 Mar’26 ▪ Debt and Working capital levels could have been reduced further but for the delay in realisation of significant collections from Afghanistan, which we expect to materialize in Q2, as well as higher strategic inventory levels due to ongoing disruptions Particulars 30-Jun-26 31-Mar-26 Increase/ (Decrease) 30-Jun-25 Increase/ (Decrease) I) Net Debt 4,492 4,601 -109 3,660 833 II) Interest Bearing Acceptances 2,075 2,121 -45 1,689 387 Total (I + II) 6,568 6,722 -154 5,348 1,220
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19 Order Intake & Order Book (Consolidated) – YTD FY27 57% 15% 4% 12% 12% Order Intake Order Book 62% 26% 6% 3% 2% 1% Order Book Rs 37,697 Cr. Domestic : 65% International : 35% Domestic : 54% International : 46% T&D : 30% SAE : 27% T&D: 52% SAE : 10% ✓ Robust Order Book + L1 of over Rs 40,000 Crore ✓ Tenders under Evaluation and in Pipeline of over Rs. 2,00,000 Crore Order Intake Rs 6,303 Cr. T&D Civil Transportation Cables & Conductors Renewables Oil & Gas
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20 Business Outlook ▪ Strong multi-year T&D opportunity driven by rising power demand, grid expansion, renewable integration and grid modernisation ▪ Momentum continues in India T&D market with accelerating investments in HVDC to evacuate renewable power and strengthen the national grid ▪ Strong pipeline in International T&D o Large opportunities in the Middle East driven by grid resilience, reconstruction, renewable integration and regional interconnections o Recovery in Africa ▪ Rising investments in Renewables, Energy Storage and Grid Flexibility to support the energy transition and reduce hydrocarbon dependence ▪ AI-led Data Centre expansion driving a strong opportunity pipeline across T&D and Civil ▪ Gradual recovery in private capex especially in Metals & Mining ▪ Increasing opportunities in Commercial Real Estate ▪ Large opportunities in Urban Infra – Underground Metros, PSP, Elevated bridges ▪ Healthy order book, L1 position and tender pipeline providing strong revenue visibility ▪ Improving labour availability & gradual normalisation of supply chains ▪ Geopolitical uncertainty in the Middle East o Supply chain and logistics disruptions o Elevated costs and longer lead times globally o Revenue and margin timing impact o Delays in finalisation and award of projects in the Middle East ▪ Delay in legal closure of disputes/ settlement of claims in Transportation and Metro projects ▪ Delay in payments in Water projects leading to slower progress and impacting working capital ▪ Continued ROW issues in India T&D TAILWINDS HEADWINDS
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• Hon'ble Prime Minister, Shri Narendra Modi inaugurated the recently commissioned Bheden Water Supply Project in Odisha • This landmark project will provide safe and reliable drinking water to 166 villages through ~58,000 household tap connections Environmental, Social and Governance (ESG) 4
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22 ESG & Sustainability Goals FY 2030 Diversity & Inclusion Target: Increase in diversity by 25% by FY30 Occupational Heath & Safety Target: Work towards the goal of achieving ‘Zero Harm’ Corporate Social Responsibility Target: Reach 3 lac CSR beneficiaries by FY30 Circularity Target: Reduce Waste intensity by 30% by FY30 Water Positive Approach Target: Reduce water intensity by FY30: • 25% for manufacturing plants • 20% for project sites Carbon Emission Target: Reduce GHG emissions intensity by 20% by FY30 Sustainable Procurement Target: • 70% of key suppliers to be ISO 14001 certified by FY30 • 70% of key suppliers to comply with ethical labour practices by FY30
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23 Sustainability Roadmap – Key Initiatives and Approach Diversity & Inclusion Occupational Heath & Safety Corporate Social Responsibility Circularity Water Positive Approach Sustainable Procurement Carbon Emission • Support Beam : Ongoing program to enable people managers to act as effective allies to women employees • Organised sessions on ‘Creating Respectful & Inclusive Workplace’ • High-consequence activities including work at height, electrical energisation, lifting operations, excavation, confined spaces and mobile equipment movement are managed through the Fatality Prevention Programme and the “10 Hazards That Kill” framework • Restoring urban green spaces as a corrective measure to improve carbon footprint • Training women in hand spinning, weaving and tailoring • Assessed 100% of key suppliers against ESG criteria, embedding sustainability across the supply chain • Initiated Scope 3 emissions assessment of key suppliers to support value chain decarbonisation • Optimised manufacturing processes to reduce material losses, improve yield and enhance resource productivity • Reused waste plywood and plastic waste to create site facilities and utility infrastructure, promoting resource efficiency • Enhanced digital monitoring of water consumption to optimise water use and improve operational efficiency • Integrated water conservation measures into project planning and execution to improve water efficiency and minimise freshwater consumption • Optimised compressed air systems, process heating and utility operations to improve energy efficiency across manufacturing facilities • Implemented real-time fuel monitoring across 505+ vehicles to optimise fleet utilisation and reduce fuel consumption
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THANK YOU Global Footprint in 110+ countries* *Includes EPC and Supply www.kecrpg.com Registered Office RPG House, 463, Dr. Annie Besant Road, Worli, Mumbai - 400 030. Phone: +91-22-6667 0200 Email: kecindia@kecrpg.com Follow us on: A logo of a camera Description automatically generated