Slides
Page 1
10 105 175 200 150 50 Investor Presentation Q2FY27
Page 2
10 105 175 200 150 50 2 Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by PNC Infratech 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. This presentation contains certain forward-looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward-looking statements become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the Company.
Page 3
10 105 175 200 150 50 3 Table of Contents 01 Quarterly Highlights 02 Orderbook Details 03 Portfolio of Development Projects on PPP Mode 04 Company Overview
Page 4
10 105 175 200 150 50 4 Quarterly Highlights
Page 5
10 105 175 200 150 50 5 Key Updates for Q2FY27 ➢ Pronounced an Arbitration Award for EPC Project o Pronounced an arbitration award for Rs. 244 crores published in favour of the Company in connection with an EPC project - Upgradation of Sonauli to Gorakhpur section of NH 29E, executed for UP PWD. ➢ Stay Order by the Hon'ble High Court of Delhi o On September 11, 2026, NHAI extended the three-year debarment imposed on the concessionaire, Awadh Expressway Private Limited, to PNC Infratech, restricting the Company from participating in NHAI and MoRTH projects during the debarment period. o Subsequently, on October 12, 2026, the Hon’ble Delhi High Court granted a stay on the effect of the debarment orders issued by the Authority against both the Company and the concessionaire. ➢ Incorporation of Subsidiary Company in Republic of Kazakhstan o The Company has incorporated a subsidiary company in the name ‘PNC lnfratech (Kazakhstan) LLP' in the Republic of Kazakhstan with the primary objective of providing infrastructure services in the country, particularly in the Roads and Highways sector .
Page 6
10 105 175 200 150 50 6 Quarterly Highlights Standalone Financials Total Revenue (Rs. Crs) EBITDA (Rs. Crs) EBITDA Margin % Profit After Tax (Rs. Crs) 983 1,146 Q2 FY26 Q2 FY27 +17% 136 138 Q2 FY26 Q2 FY27 +1% Q2 FY26 Q2 FY27 13.9% 12.1% -180 bps 86 73 Q2 FY26 Q2 FY27 -16% 2,119 2,664 H1 FY26 H1 FY27 +26% 277 513 H1 FY26 H1 FY27 +85% H1 FY26 H1 FY27 13.1% 19.2% +614 bps 167 343 H1 FY26 H1 FY27 +105% QuarterHalf Year
Page 7
10 105 175 200 150 50 7 Profitability Statement – Q2 FY27 Particulars (Rs. Crs) Standalone Consolidated Q2FY27 Q2FY26 YoY Q2FY27 Q2FY26 YoY REVENUE 1,146 983 17% 1,322 1,128 17% EBITDA 138 136 1% 279 253 10% EBITDA margin 12.1% 13.9% 21.1% 22.4% Other Income 20 19 53 32 Depreciation 35 21 40 26 Finance Cost 25 22 134 129 Profit Before Tax before Exceptional Item 99 112 -12% 158 130 22% Exceptional Item 0 5 0 163 Profit Before Tax after Exceptional Item 99 118 -16% 158 292 -46% Total Tax Expenses 26 32 43 77 Current Tax 24 26 35 42 Taxation in respect of earlier years - - - 1 Deferred Tax 2 6 8 34 Profit After Tax 73 86 -16% 115 216 -47% PAT Margin 6.3% 8.8% 8.7% 19.1% Total Other Comprehensive Income, net of tax 2 1 2 1 Total Comprehensive income 74 87 -15% 117 217 -46%
Page 8
10 105 175 200 150 50 8 Profitability Statement – H1 FY27 Particulars (Rs. Crs) Standalone Consolidated H1 FY27 H1 FY26 YoY H1 FY27 H1 FY26 YoY REVENUE 2,664 2,119 26% 3,011 2,550 18% EBITDA 513 277 85% 802 620 29% EBITDA margin 19.2% 13.1% 26.6% 24.3% Other Income 63 29 124 62 Depreciation 68 40 80 57 Finance Cost 45 43 257 316 Profit Before Tax before Exceptional Item 463 223 108% 589 310 90% Exceptional Item 0 5 0 485 Profit Before Tax after Exceptional Item 463 228 103% 589 794 -26% Total Tax Expenses 120 61 142 147 Current Tax 116 55 137 125 Taxation in respect of earlier years - 0 - 1 Deferred Tax 3 6 5 21 Profit After Tax 343 167 106% 447 647 -31% PAT Margin 12.9% 7.9% 14.8% 25.4% Total Other Comprehensive Income, net of tax 4 2 3 2 Total Comprehensive income 347 169 106% 450 649 -31%
Page 9
10 105 175 200 150 50 9 Standalone Balance Sheet ASSETS (Rs. Crores) Sep-26 Mar-26 (1) NON-CURRENT ASSETS (a) Property, plant & equipment 670 609 (b) Right to Use Assets 14 16 (c) Capital work-in-progress 37 4 (d) Intangible Assets 2 2 (e) Financial assets (i) Investments 2,323 2,229 (ii) Other Financial Assets 163 189 (f) Deferred Tax Asset 14 18 (g) Other Non - current assets 476 473 Sub Total (A) 3,698 3,541 (2) CURRENT ASSETS (a) Inventories 981 761 (b) Financial Assets (i) Investments 757 627 (ii) Trade receivables 1,515 1,660 (iii) Cash and cash equivalents 495 441 (iv) Bank Balances other than (ii) above 156 169 (v) Loans 45 35 (iv) Other Financial Assets 129 90 (c) Other current assets 1,036 952 Sub Total (B) 5,114 4,736 Non-current assets held for sale - Total Assets (A+B) 8,812 8,277 EQUITY AND LIABILITIES (Rs. Crores) Sep-26 Mar-26 EQUITY (a) Equity Share capital 51 51 (b) Other equity 6,091 5,760 Equity Attributable to Owners (C) 6,142 5,811 LIABILITIES (1) Non-Current Liabilities (a) Financial Liabilities (i) Borrowings 335 204 (ii) Lease Liabilities 13 15 (iii) Other Financial Liabilities 341 318 (b) Provisions 4 10 (c) Other Non-Current Liabilities 46 104 Sub Total (D) 739 650 (2) Current Liabilities (a) Financial liabilities (i) Borrowings 977 537 (ii) Lease Liabilities 4 4 (iii) Trade Payables 527 785 (iv) Other Financial Liabilities 267 321 (b) Other current liabilities 130 168 (c) Provisions 25 1 Sub Total (E) 1,931 1,816 Total Equity & Liabilities (C+D+E) 8,812 8,277
Page 10
10 105 175 200 150 50 10 Consolidated Balance Sheet ASSETS (Rs. Crores) Sep-26 Mar-26 (1) NON-CURRENT ASSETS (a) Property, plant & equipment 672 611 (b) Right to Use Assets 14 16 (c) Capital work-in-progress 37 4 (d) Intangible Assets 52 64 (e) Financial assets (i) Investments 1 1 (ii) Trade Receivables 5,702 5,346 (iii) Other Financial Assets 165 192 (f) Deferred Tax Asset - 5 (g) Other Non - current assets 1,389 1,334 Sub Total (A) 8,031 7,574 (2) CURRENT ASSETS (a) Inventories 981 761 (b) Financial Assets (i) Investments 1,115 787 (ii) Trade receivables 1,430 1,509 (iii) Cash and cash equivalents 559 871 (iv) Bank Balances other than (ii) above 1,419 1,367 (v) Other Financial Assets 151 82 (c) Other current assets 1,077 987 Sub Total (B) 6,732 6,365 Total Assets (A+B) 14,763 13,939 EQUITY AND LIABILITIES (Rs. Crores) Sep-26 Mar-26 EQUITY (a) Equity Share capital 51 51 (b) Other equity 7,197 6,762 Equity Attributable to Owners (C) 7,248 6,813 LIABILITIES (1) Non-Current Liabilities (a) Financial Liabilities (i) Borrowings 4,885 4,734 (ii) Lease Liabilities 13 15 (iii) Other Financial Liabilities 341 317 (b) Deferred Tax Liability 1 - (c) Provisions 192 198 (d) Other Non-Current Liabilities 45 91 Sub Total (D) 5,478 5,355 (2) Current Liabilities (a) Financial liabilities (i) Borrowings 1,027 417 (ii) Lease Liabilities 4 4 (iii) Trade Payables 532 790 (iv) Other Financial Liabilities 278 345 (b) Other current liabilities 148 195 (c) Provisions 48 20 Sub Total (E) 2,037 1,770 Total Equity & Liabilities (C+D+E) 14,763 13,939
Page 11
10 105 175 200 150 50 11 Cash Flow Statement Rs. Crores Standalone Consolidated Half Year ended 30-Sep-26 Half Year ended 30-Sep-25 Half Year ended 30-Sep-26 Half Year ended 30-Sep-26 Profit before tax 463 223 589 310 Adjustments 63 70 222 312 Operating Cash flow Before Working Capital Changes 525 292 811 621 Change in operating assets and liabilities -537 -642 -1,051 3,693 Cash generated from operations -11 -349 -240 4,315 Income taxes paid -116 -55 -137 -126 Net cash inflow from operating activities (A) -128 -404 -378 4,189 Net cash inflow/(outflow) from investing activities (B) -326 -295 -420 -341 Net cash outflow from financing activities (C) 508 335 486 -4,629 Net increase/(decrease) in cash and cash equivalents (A+B+C) 54 -364 -312 -781 Cash and cash equivalents at the beginning of the year 441 546 871 1,141 Cash and cash equivalents at the end of the year 495 182 559 360
Page 12
10 105 175 200 150 50 12 Segmental Revenue Breakup 821 (73%) 131 (12%) 176 (16%) Roads Water Toll/Annuity Q2FY26 (Rs. Crs) Q2FY27 (Rs. Crs) 1,022 (77%) 124 (9%) 177 (13%) 1,904 (75%) 234 (9%) 413 (16%) H1 FY26 (Rs. Crs) Q2FY27 (Rs. Crs) 2,404 (80%) 260 (9%) 347 (12%)
Page 13
10 105 175 200 150 50 13 Debt Position 0.1 0.1 0.1 0.2 1.5 1.6 0.8 0.8 FY24 FY25 FY26 H1FY27 Standalone Debt to Equity Consolidated Debt to Equity 93 114 134 109102 113 134 119 Mar-24 Mar-25 Mar-26 Sep-26 Debtor Days Net Working Capital Days 382 399 741 1,312 Mar-24 Mar-25 Mar-26 Sep-26 Standalone Debt Position (Rs. Crs) Gross Debt to Equity (x) Standalone – Working Capital Days 8,016 9,100 5,151 5,912 Mar-24 Mar-25 Mar-26 Sep-26 Consolidated Debt Position (Rs. Crs)
Page 14
10 105 175 200 150 50 14 Orderbook Details
Page 15
10 105 175 200 150 50 15 Orderbook Summary Sectors No. of Projects Balance Orderbook as on 30th Sep. ‘26 (Rs. Crs) Roads - EPC 7 4,847 Roads - HAM 8 3,350 Mining 1 2,800 Water – JJM 7 2,204 Canal 1 791 Airport 2 510 Railways 1 369 Total 27 14,871 * Includes Projects worth Rs. 1,393 Crs where appointed date is awaited
Page 16
10 105 175 200 150 50 16 Orderbook Mix 55% 20% 3% 19% 2% Roads Railway Water/Canal Airport Runway Mining 22% 16% 19% 20% 11% 5% 2% 2% 1% 1% Maharashtra Bihar Chhattisgarh Uttar Pradesh Madhya Pradesh Andhra Pradesh Haryana Uttarakhand Karnataka Rajasthan By Sector By Geography Disclaimer: This map is a generalized illustration only for the ease of the reader’s understanding of the locations and is not intended to be used for reference purposes. The representation of political boundaries and the names of geographical features/states do not necessarily reflect the actual position.
Page 17
10 105 175 200 150 50 17 Orderbook Details Project Name Authority State Contract Value incl. Escalation, if any (Rs. Crs) % Completion Balance Orderbook as on 30th Sep. '26 (Rs. Crs) Pune Ring Road Project MSRDC Maharashtra 2,272 25% 1,705 Jalna To Nanded Road MSRDC Maharashtra 2,368 33% 1,594 Elevated Flyover - Gwalior City PWD, Govt. of MP MP 698 29% 495 Hathouri-Atrar-Bavangama-Aurai Road BSRDC Bihar 420 7% 390 Major Bridge Over Ganga River In Kanpur U.P . State Bridge Corporation Ltd. UP 280 0% 280 Flyover in Bharatpur City PWD, Govt. of Rajasthan Rajasthan 240 21% 189 Construction of 4 Lane Flyover and 2 Loop 2 Ramp in Lucknow Lucknow Development Authority UP 194 0% 194 Orderbook – Road EPC 4,847 Road EPC
Page 18
10 105 175 200 150 50 18 Orderbook Details Project Name Authority State Contract Value incl. Escalation, if any (Rs. Crs) % Completion Balance Orderbook as on 30th Sep. '26 (Rs. Crs) Bhopal Bypass* NHAI MP 1,091 0% 1,091 Varanasi Kolkata Pkg-6 NHAI Bihar 1,162 33% 779 Varanasi Kolkata Pkg-3 NHAI Bihar 1,028 31% 712 Varanasi Kolkata Pkg-2 NHAI Bihar 816 32% 552 Akkalkot To Kn/Ts Border (Akkalkot Pkg-II (Badadal- Maradgi S)) NHAI Karnataka 1,368 87% 172 Sonauli-Gorakhpur NHAI UP 1,283 97% 33 Prayagraj-Kaushambi NHAI UP 733 99% 6 Kanpur-Lucknow Pkg-1 NHAI UP 1,278 100% 5 Orderbook - HAM 3,350 Road - HAM * - Appointed Date is awaited
Page 19
10 105 175 200 150 50 19 Orderbook Details Water – JJM Project Name Authority State Contract Value incl. Escalation, if any (Rs. Crs) % Completion Balance Orderbook as on 30th Sep. '26 (Rs. Crs) Projects under Jal Jeevan Mission Namami Gange & Rural Water Supply Department, Govt. of UP UP 6,800 68% 2,204 Orderbook - Water 2,204 Mining Project Name Authority State Contract Value incl. Escalation, if any (Rs. Crs) % Completion Balance Orderbook as on 30th Sep. '26 (Rs. Crs) OB Removal and Coal Extraction by Surface Miner and Loading and Transportation of Extracted Coal to different destinations South Eastern Coalfields Ltd. Chhattisgarh 2,957 5% 2,800 Orderbook - Mining 2,800
Page 20
10 105 175 200 150 50 20 Orderbook Details Project Name Authority State Contract Value incl. Escalation, if any (Rs. Crs) % Completion Balance Orderbook as on 30th Sep. '26 (Rs. Crs) Canal Project -Ap Kurnool DWRO Water Resources Department, Govt. of AP AP 1,148 38% 791 Orderbook – Canal 791 Canal Project Name Authority State Contract Value incl. Escalation, if any (Rs. Crs) % Completion Balance Orderbook as on 30th Sep. '26 (Rs. Crs) Haryana Rail Project HRIDC Haryana 771 52% 369 Orderbook – Railways 369 Railways Project Name Authority State Contract Value incl. Escalation, if any (Rs. Crs) % Completion Balance Orderbook as on 30th Sep. '26 (Rs. Crs) Varanasi Airport AAI UP 297 30% 208 Pantnagar Airport * AAI Uttarakhand 302 0% 302 Orderbook – Airports 510 Airports * - Appointed Date is awaited
Page 21
10 105 175 200 150 50 21 Orderbook Highlights Included In Orderbook, awaiting Appointed Date Western Bhopal Bypass, Madhya Pradesh 4 Laning on Hybrid Annuity Mode | Financial Closure documents signed and submitted to MPRDC well before the deadline | AD Awaited Rs. 1,091 Crs EPC Cost AAI, Pantnagar Airport, Uttarkhand Air and Land Side Works| EPC Basis | Letter of Intent received | AD Awaited Rs. 302 Crs EPC Cost AD = Appointed Date, CA = Concession Agreement NH-927: Barabanki to Mustafabad, UP 4 Lane Highway | HAM Mode | CA Signed Rs. 1,728 Crs Bid Project Cost Not included in Orderbook, awaiting Financial Closure NH-927: Mustafabad to Biswariya, UP 4 Lane Highway | HAM Mode | CA Signed Rs. 1,755 Crs Bid Project Cost
Page 22
10 105 175 200 150 50 22 Portfolio of Development Projects on PPP Mode
Page 23
10 105 175 200 150 50 23 Equity Requirement Projects Total Equity Requirement (Rs. Crs) Equity Invested Upto 30 th Sep. ‘26 (Rs. Crs) Balance to Invested (Rs. Crs ) Balance to Invested in H2 FY27 (Rs. Crs ) Balance to Invested in FY28 (Rs. Crs) 12 HAM Projects 1,623 1,212 411 201 210 Total 1,623 1,212 411 201 210
Page 24
10 105 175 200 150 50 24 Toll/Annuity Projects Project % Stake Authority State / Stretch Type JV Partners Kms / Lanes TPC (Rs. Crs) Invested Equity (Rs. Crs) PNC Share of Invested Amount (Rs. Crs) Grant (Rs. Crs) Total Debt (Rs. Crs) Debt as on 30th Sep. '26 (Rs. Crs) Gwalior Bhind ** 100% MPRDC MP / NH-92 Toll - 107.68 / 2 340.3 78.3 78.3 27.0 235.0 - Rae Bareli Jaunpur 100% NHAI UP / NH-231 Annuity - 166.40 / 2 837.4 139.6 139.6 0.0 697.8 145 Narela Industrial Area 100% DSIIDC Delhi / NA Annuity - 33 / - 175.0 35.0 35.0 0.0 140.0 - 1,353 253 253 27 1,073 145 All Projects are Operational ** Extension of the Concession Period by 2 years 9 months 18 days (2.8 years) i.e., up to 25 th March 2028
Page 25
10 105 175 200 150 50 25 HAM Projects Project % Stake Authority State / Stretch Kms / Lanes Status TPC (Rs. Crs) Invested Equity (Rs. Crs) Total Debt (Rs. Crs) Debt as on 30 th Sep’26 (Rs. Crs) Gaju Village- Devinagar (Pkg-1C) 100% NHAI UP/ NH-530B 33.0 / 4 COD 819 85 386 357 Kanpur-Lucknow (Pkg II) 100% NHAI UP / NH-31/25 45.2 / 6 COD 1,662 171 777 757 Singraur Uphar - Baranpur Kadipur Ichauli (Package-III) 100% MORTH UP / NH-731A 25.5 / 4 COD 929 97 444 440 Hardoi 100% NHAI UP / NH-731 54.4 / 4 PCOD 948 97 443 403 Mathura - Gaju Village (Pkg- 1B) 100% NHAI UP/ NH-530B 32.9 / 4 PCOD 994 104 472 458 Kanpur-Lucknow (Pkg I) 100% NHAI UP / NH-27 17.5 / 6 PCOD 1,618 171 780 772 Sonauli- Gorakhpur 100% NHAI UP / NH-29E 79.5 / 4 UC 1,611 166 757 685 Akkalkot Pkg-II (Badadal-Maradgi S) 100% NHAI MH & KN / NH- 150C 71.0 / 6 UC 1,733 152 812 693 Greenfield Varanasi - Ranchi - Kolkata Highway (Pkg-2) 100% NHAI Bihar / Greenfield 27.0 / 6 UC 1,030 46 500 112 Greenfield Varanasi - Ranchi - Kolkata Highway (Pkg-3) 100% NHAI Bihar / Greenfield 36.0 / 6 UC 1,297 56 632 110 Greenfield Varanasi - Ranchi - Kolkata Highway (Pkg-6) 100% NHAI Bihar / Greenfield 35.2 / 6 UC 1,466 66 715 128 4 laning of Western Bhopal Bypass 100% MPRDC MP / NH-46 / SH- 28 40.9 / 4 FC# 1,380 2 677 - 15,487 1,213 7,395 4,915 COD = Commercial Operation Date, PCOD = Provisional Commercial Operation Date, UC = Under Construction, FC = Financial Closure FC # - Financial Closure document submitted to MPRDC
Page 26
10 105 175 200 150 50 26 Landmark Projects Canal Project – AP Kurnool Pune Ring Road Project Haryana Rail Project Hardoi Project Prayagraj-Kaushambi Project Mathura Gaju Village Project
Page 27
10 105 175 200 150 50 27 Company Overview
Page 28
10 105 175 200 150 50 28 PNC Infratech – At a Glance 25+ Years of Experience, Innovation and Excellence Strong OrderbookDiversified Across Segments Proven Execution CapabilitiesGeographical Footprint Operational Excellence Executed projects across 16 states with dominance across North India • Roads & Highways • Watter Supply & Irrigation • Dedicated Freight Corridor / Railways • Flyover & Bridges • Industrial Area Development • Airport Runways • Power Transmission • Coal Mining • Elevated Roads • Rs. 14,871 Crs Order Book • 27 Ongoing Projects Promoter-Led Vision Backed by a Professional Management Team Executed over 100 major infrastructure projects across segments • In-house expertise in planning, design, and engineering • Large fleet of sophisticated equipment and professionally qualified & experienced employee base • Consistently invest in advance technologies, modern construction methods and comprehensive training programmes
Page 29
10 105 175 200 150 50 29 Journey 2008 - 2014 2015 - 2019 1999 2001 - 2007 • Incorporated as PNC Construction Company Private Limited • Executed its 1st independent highway project with NHAI, the four-laning of the Agra-Gwalior section of NH3 in UP • Received ISO 9001:2000 certification • Executed 1st international airport runway project for the Airports Authority of India at Kolkata • Crossed Rs. 150 crores in revenue • Awarded BOT Road project by MPRDC 2020 - 2021 2022 2023 2024 2025 2026 • Received PCOD for 3 HAM Projects • Received Completion Certificate for 2 EPC projects • Secured 1 EPC and 1 HAM project worth over Rs. 1,800 crores • Executed Master Securities Purchase Agreement for divestment of equity in 11 HAM and 1 toll road asset for Rs. 9,006 crores • Received Rs. 516 crores in terms of the Settlement Agreement executed between NHAI and 2 subsidiary Company • Received Rs. 56 crores early completion bonus for an MSRDC project • Awarded 2 EPC Road Projects of MSRDC • Received PCOD for 2 HAM Projects • Signed Concession Agreements for 7 new HAM projects with a total bid cost of Rs. 8,446 crores • Secured a railway project from Haryana Orbital Rail Corporation worth Rs. 771 crores • Secured 3 HAM highway projects with a total bid cost of Rs. 4,083 crores • Received PCOD For a HAM Project • Secured 3 EPC rural water supply projects for 2,337 villages in UP • Received LOA from NHAI for 7 projects on HAM amounting to Rs. 8,446 crores • Achieved provisional completion and COD for 4 HAM projects; received provisional and final completion certificates for 3 EPC projects • Entered Asia Book of Records for bituminous mix laid and longest length constructed in 100 hours at Delhi Vadodara (Package-29) • Diversified into Power Transmission EPC with project from Uttar Pradesh Power Transmission Corporation Limited • Strengthened Core EPC and BOT Capabilities, winning and executing several landmark road projects • Expanded Operational Milestones, crossing ₹5 billion in revenue, obtaining ISO 9001:2008 certification • Attracted Strategic Institutional Investment, receiving Rs. 150 crores in equity funding from NYLIM Jacob Ballas, reinforcing the Company’s capital base for future growth. • Got listing on the Stock Exchanges • Completed 6 major highway projects, • Expanded EPC Order Book, securing 8 major EPC road projects • Secured 7 HAM projects with an aggregate bid project cost of over Rs. 9,500 crores • Achieved PCOD for a HAM Project • Secured 4 new highway projects under HAM from the NHAI , with project cost of Rs. 6,596 crores • Secured 2 new highway projects on EPC mode from the NHAI for an contract value of Rs. 1,548 crores • Secured 1 HAM and 2 EPC Projects • Commenced construction of the Water Supply Project • Completed stake sale of 12 Road Assets to Vertis Infrastructure Trust • Diversified into new segments: Mining and Solar-BESS Project
Page 30
10 105 175 200 150 50 30 Business Overview Roads & Highways BOT / OMT/ HAM The Company has completed 74 Projects and has 3 operating BOT projects, comprising both toll & annuity assets; and a total of 14 HAM projects comprising – 6 Operational projects, 5 projects Under Construction, for 2 projects Concession Agreement is signed and Financial Closure document submitted to MPRDC for 1 project Roads & Highways EPC Completed 74 infrastructure road projects on EPC basis Working on EPC projects in Water Supply sector Projects Design, procurement & construction of track and track related works on Mughalsarai - Sonnagar section of Dedicated Eastern Freight Corridor on EPC basis – under execution Water Supply Dedicated Freight Corridor / Railways Completed first of its kind BOT annuity project - area redevelopment and management of Industrial Estate of Narela, New Delhi for Delhi State Industrial & Infrastructure Development Corporation (DSIIDC) Executed 23 airport runway projects across India & received ‘Super Special’ class certification from Military Engineering Services Set up power transmission lines of approximately 350 km of 132/220 kilovolt lines on a turn-key basis OB Removal and Coal Extraction Project Airport Runways Power Transmission Coal Mining Industrial Area Development Canals Upgradation and modernization of canal systems on an EPC basis
Page 31
10 105 175 200 150 50 31 Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) (PNC Infratech owning 100% Stake) MP Highways Private Limited (“MPHPL”) 100% PNC Delhi Industrial Infra Private Limited (“PNCDIPL”) 100% PNC Kanpur Highways Limited (“PNCKHL”) 100% PNC Kanpur Ayodhya Tollways Private Limited (“PNCKATPL”) 100% PNC Raebareli Highways Private Limited (“PNCRHPL”) 100% Sonauli Gorakhpur Highways Private Limited (“SGHPL”) 100% Akkalkot Highways Private Limited (“AHPL”) 100% Hardoi Highways Private Limited (“HHPL”) 100% Kanpur Lucknow Expressway Private Limited (“KLEPL”) 100% Awadh Expressway Private Limited (“AEPL”) 100% Yamuna Highways Private Limited (“YHPL”) 100% Prayagraj Kaushambi Highway Package 3 Private Limited (“PKHP3PL”) 100% Varanasi Kolkata Highway Package 6 Private Limited (“VKHP6PL”) 100% Varanasi Kolkata Highway Package 3 Private Limited (“VKHP3PL”) 100% Varanasi Kolkata Highway Package 2 Private Limited (“VKHP2PL”) 100% Western Bhopal Bypass Private Limited (“WBBPL”) 100% Barabanki Mustafabad Highway Private Limited (“BMHPL”) 100% Mustafabad Biswariya Highway Private Limited (“MBHPL”) 100% PNC Renewable Energy Private Limited (“PNCREPL”) (PNC Infratech owning 100% Stake) PNC RE1 Private Limited (“PNCRE1PL”) 100% Joint Ventures PNC-SPSCPL (Koilwar to Bhojpur) 55% PNC-SPSCPL (Bhojpur to Buxar) 70% PNC-SPML (Haraulipur Group of Villages Water Supply Scheme ) 95% PNC Aakshya Joint Venture Private Limited (“PNCAJVPL”) 90% PW Infratech Private Limited (“PWIPL”) 74% PNC lnfratech (Kazakhstan) LLP (PNC Infratech owning 100% Stake)
Page 32
10 105 175 200 150 50 32 Board of Directors Mr. Pradeep Kumar Jain : Chairman & Managing Director With over 47 years of experience, Mr. Pradeep is a veteran in infrastructure construction, operations, and management. He provides strategic leadership in administration, stakeholder relationships, and corporate governance, guiding the Company’s long-term growth. Mr. Chakresh Kumar Jain: Managing Director Mr. Chakresh brings over 35 years of experience in the infrastructure sector. He has played a key role in the construction of highways, airports, and rail overbridges, and oversees finance, procurement, taxation, and project administration, ensuring strong financial discipline and operational efficiency Mr. Yogesh Jain: Managing Director Mr. Yogesh brings over 30 years of experience in project planning, execution, and supervision across diverse sectors and geographies. He leads business development, contracting, and construction management, driving successful project delivery and supporting the Company’s growth and reputation. Mr. Anil Kumar Rao: Whole-time Director With over 41 years of experience, Mr. Rao has extensive expertise in the implementation and management of infrastructure projects across sectors and geographies. He oversees planning, engineering, execution, contract administration, and arbitration, ensuring the timely and successful delivery of projects. Mr. Talluri Raghupati Rao: Whole-time Director Mr. Rao has over 40 years of experience in planning and managing infrastructure projects across roads, airports, water, and urban infrastructure. He oversees business development, project monitoring, contract administration, arbitration, and divestment activities.
Page 33
10 105 175 200 150 50 33 Board of Directors Mr. Krishan Kumar Jalan (IAS): Independent Director Mr. Jalan, a former Secretary to the Government of India, brings over 35 years of experience in the Indian Administrative Service (IAS). His expertise in governance and administration strengthens the Company’s decision-making and corporate governance practices. Mr. Gauri Shankar: Independent Director Former Managing Director and CEO of Punjab National Bank, Mr. Shankar brings over 40 years of experience in banking and finance, providing valuable guidance on the Company’s financial strategy and risk management. Mr. Rohit Kumar Singh: Independent Director With over 36 years of experience in Policy Design, Project Finance, Regulatory Systems, Digital Transformation and Large-scale Institutional Reforms, Mr. Rohit Kumar Singh, is a 1989 batch IAS officer. He has shaped India’s national highways financing architecture, led technology-driven consumer protection reform, and now advises global institutions and enterprises on infrastructure, supply chains and responsible AI. Mr. Naresh Kumar Jain: Independent Director Mr. Naresh Kumar Jain, a Fellow Member of Institute of Company Secretaries of India (ICSI) and a law graduate, has extensive experience in legal management, secretarial compliance, listing regulations, and corporate governance. He has also served as Secretary and CEO of ICSI. Ms. Seema Singh: Independent Director Ms. Seema Singh brings over 33 years of banking experience across management, finance, operations, and human resources. She played a key role in setting up India Post Payments Bank and Bharatiya Mahila Bank, and currently leads HR and Talent Acquisition at EURO Exim Bank.
Page 34
10 105 175 200 150 50 34 Clientele
Page 35
10 105 175 200 150 50 35 Geographical Presence Disclaimer: This map is a generalized illustration only for the ease of the reader’s understanding of the locations and is not intended to be used for reference purposes. The representation of political boundaries and the names of geographical features/states do not necessarily reflect the actual position. 16 States Execution and Operational Presence 100+ Major Infrastructure Projects Delivered 3 Operational BOT Projects Comprising Toll and Annuity Assets 14 HAM Projects across Nation in Different States under Operation / Implementation
Page 36
10 105 175 200 150 50 36 Execution Capabilities Strong Credit Rating • Long term bank facilities “CARE AA+ RNW (Double A plus) (Placed on Rating Watch with Negative lmplications)” • Short term bank facilities “CARE A1+ RWN (A One plus) (Placed on Rating Watch with Negative lmplications)” Man & Machine added to execute more projects • Strengthening of In-house execution team with induction of engineers with strong technical knowledge • Investments in Machinery over the years to augment and upgrade the execution capabilities Working Capital Limits • Fund Based Limits of Rs. 1,000 Crs which will enable us to execute projects without financial constraints • Non-Fund Based Limits of Rs. 5,000 Cr will enable to Bid for higher no. of projects which are larger in size
Page 37
10 105 175 200 150 50 37 Strong Credit Rating ◼ PNC Infratech Ltd. ✓ Long term bank facilities at CARE AA+; RNW (Continues to be on Rating Watch with Negative Implications) ✓ Reaffirmed Short term bank facilities at CARE A1+ (A One plus) ◼ PNC Raebareli Highways Pvt. Ltd. ✓ Long term bank facilities (Senior debt) at CARE AA+; Stable (Double A plus; Outlook: Stable) ✓ Long term bank facilities (Sub debt) at CARE AA+; Stable (Double A plus; Outlook: Stable) ◼ Sonauli Gorakhpur Highways Pvt. Ltd. ✓ Long term bank facilities at CARE A; Stable (Single A; Outlook: Stable) ◼ Akkalkot Highways Pvt. Ltd. ✓ CARE A; Stable (Single A; Outlook: Stable) on long term bank facilities Upgraded ◼ Prayagraj Kaushambi Highway Package 3 Pvt. Ltd. ✓ CARE AA-; Positive (Double AA minus; Outlook: Positive) on long term bank facilities ◼ Harthras Highways Pvt. Ltd. ✓ Long term bank facilities at CARE AA+; Stable (Double A plus; Outlook: Stable) ◼ Hardoi Highways Pvt. Ltd. ✓ Long term bank facilities at CARE AA+; Stable (Double A plus; Outlook: Stable) ◼ Awadh Expressway Pvt. Ltd. ✓ CARE A+; RWD (Single A plus ; Placed on Rating Watch with Developing Implication) on long term bank facilities ◼ Yamuna Highways Pvt. Ltd. ✓ CARE AA+; Stable (Double AA Plus; Outlook: Stable) on long term bank facilities ◼ Kanpur Lucknow Expressway Pvt. Ltd. ✓ CARE AA-; Positive(Double A Minus; Outlook: Positive) on long term bank facilities Reaffirmed Assigned ◼ Varanasi Kolkata Highway Package 6 Private Limited ✓ Long term bank facilities at CARE A; Stable (Single A; Outlook: Stable) ◼ Varanasi Kolkata Highway Package 3 Private Limited ✓ Long term bank facilities at CARE A; Stable (Single A; Outlook: Stable) ◼ Varanasi Kolkata Highway Package 3 Private Limited ✓ Long term bank facilities at CARE A; Stable (Single A; Outlook: Stable)
Page 38
10 105 175 200 150 50 38 Enhanced to Augment and upgrade the execution Present Capex will enable us to achieve a Turnover of Rs. 8,000-10,000 Crs 1,317 1,341 1,330 1,609 1,732 FY23 FY24 FY25 FY26 Sep-26 Rs. Crs
Page 39
10 105 175 200 150 50 39 Integrated Business Model ◼ Controls the entire process from conceptualization to commissioning of a given project which helps in providing customized solutions as per clients’ specific requirements In-house Design & Engineering ◼ Ensuring timely completion of projects, reducing reliance on third parties and lowering costs. In-house Construction ◼ Ownership of a fleet of modern equipment enables quick mobilization besides ensuring continuous availability of critical equipment ◼ Reduces costs and facilitates timely completion of projects through enhanced control Equipment Bank ◼ Own / Leasing of Quarries helps in securing of raw material and project completion within scheduled time & budget Own Quarries / Raw Material Sourcing ISO ◼ The Company is ISO 9001:2008-certified, awarded ‘SS’ (Super Special) class from the Military Engineering Services as well as appreciation from NHAI and the Military Engineer Services, Ministry of Defence Quality Control
Page 40
10 105 175 200 150 50 40 Growth Strategies Strong Relationship • Improve performance and competitiveness of existing business through investments in technology, equipment and skilled manpower • Investments in modern equipment will ensure cost effective execution • Leveraging Strong Project Execution track record to diversify into new functional areas of infrastructure development • Expand presence in water supply and irrigation sectors • Diversify into railways and metro rail projects, renewable energy, storage systems, industrial area development, Coalfields and other related infrastructure sectors Diversification • Maintaining Strategic Alliances with companies whose Resources, Skills & Strategies for synergy • Enters in project-specific JVs or sub-contracting relationships Focused Approach Competitiveness • Continue to focus on our Core EPC Strength & Regional Expertise • Increase presence in BOT, OMT & HAM projects by leveraging our technical and financial credentials developed through our focus on core EPC projects
Page 41
10 105 175 200 150 50 THANK YOU PNC Infratech Limited Company: PNC Infratech Ltd CIN: L45201DL1999PLC195937 Mr. Pankaj Agarwal - Vice President (F&A) pankajca@pncinfratech.com www.pncinfratech.com Investor Relations: Strategic Growth Advisors (SGA) CIN: U74140MH2010PTC204285 Mr. Jigar Kavaiya - COO – IR Practice jigar.kavaiya@sgapl.net +91 99206 02034 www.sgapl.net