Commitment, Reliability & Quality

Dept. of Corporate Services - Corporate Relationship, National Stock Exchange of India

BSE Limited, Limited,
Phiroze Jeejeebhoy Towers, Dalal Street, Listing Department,
Mumbai 400 001. Exchange Plaza, C-l, Block 'G' Bandra-
Kurla Complex,
Bandra (East),
Mumbai 400 051.

Date Our Reference No. Our Contact Direct Line

th
6 August, 2021 SEC/08/2021 RAHULNEOGI 912267680814

Dear Sirs,

Sub: Unaudited Financial Results for the quarter ended 30 th June, 2021
Scrip Code No: 509496 (BSE) / ITDCEM (NSE)

Enclosed please find presentation on Unaudited Financial Results for the quarter ended 30th June,
2021, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements) Regulations, 2015 as amended from time to time (Listing Regulations).

You are requested to take the same on record. The presentation is being made available on the
Company's website www.itdcem.co.in in accordance with Regulation 46 of the Listing
Regulations.

Thanking you,

Yours faithfully,
For . Cementation India Limited

(RAHU I EOGI)
COMPANY SECRETARY

Encl: as above

ITO CEMENTATION INDIA LIMITED

Registered & Corporate Office: National Plastic Building, A - Subhash Road,
Paranjape B Scheme, Vile Parle (East), Mumbai - 400 057.
Tel.: 91-22-66931600 Fax: 91-22-66931628 www.itdcem.co.in
Corporate Identity Number: L61000MH1978PLC020435
EXCELLENCE IN EXECUTION
Haldia Project
Udangudi project Myanmar project MumbaiMetro
Mumbai Metro underground
underground tunneling
tunneling

Bangalore elevated metro

ITD Cementation India Ltd

Investor Presentation
August 2021
Sivok Rangpo Tunnel Pamban Rameswaram bridge Pune Airport Modernisation

Page 1
CAUTION REGARDING FORWARD-LOOKING STATEMENTS (DISCLAIMER)

This Presentation is for general information only and may contain statements about expected
future events and financial and operating results of ITD Cementation India Limited, which could be
forward-looking. By their nature, forward-looking statements require the Company to make
assumptions and are subject to inherent risks and uncertainties.

There is significant risk that the assumptions, predictions and other forward-looking statements
may not prove to be accurate. Readers are cautioned not to place undue reliance on forward-
looking statements as a number of factors could cause assumptions, actual future results and
events to differ materially from those expressed in the forward-looking statements.

Accordingly, this Presentation is subject to the disclaimer and qualified in its entirety by the
assumptions, qualifications and risk factors referred to in this document. This does not purport to
be a record of the proceedings of the Analysts & Institutional Investors Conference Call. No part of
the Presentation shall be copied or disseminated, in whole or in part, in any manner.

Page 2
PRESENTATION FLOW

1 COMPANY OVERVIEW

2 FINANCIAL PERFORMANCE &

SHAREHOLDING PATTERN

3 ORDER BOOK ANALYSIS

4 BUSINESS OPERATIONS

5 EXECUTIVE SUMMARY

Page 3
 ITD CEMENTATION – AN OVERVIEW
NINE DECADES OF SUSTAINED CONTRIBUTION TO
INDIA’S INFRASTRUCTURE GROWTH STORY
EXPERIENCED PROMOTERS TECHNICAL KNOW-HOW
Italian Thai Development – Modern equipment's to
Public Company Limited execute complex projects
(ITD) holds 46.64% in ITD – MNC parentage with access
Cementation India Limited to international design
MARINE
URBAN INFRA technology & engineering
(MRTS) AND
AIRPORTS

DIVERSIFIED ORDERBOOK HYDRO, INDUSTRIAL RESILIENT BALANCE SHEET

DAMS, Our STRUCTURES
Rs 120,356 million TUNNELS, Presence & BUILDINGS Networth* : Rs 10,860 million
IRRIGATION
– Executable over ~36 Conservative D/E : 0.5x
months * As on June 30, 2021
HIGHWAYS,
BRIDGES, FOUNDATION
WATER & & SPECIALIST
WASTER ENGINEERING
WATER

GEOGRAPHICAL OUTREACH PROFICIENT MANPOWER

– PAN India Presence 2,051 Employees –
(13 states, 1 UT & Delhi NCR) Proactive & Committed
– International Presence

Page 4
ITD – LEVERAGING MNC PARENTAGE
 One of the leading Infrastructure & largest construction company in Thailand with contribution for over 60 years.

 Listed on the stock exchange of Thailand with an initial capital base of Baht 2 million in 1994

 Received the Royal Seal of Garuda - Highest and most honorable achievement for civilian Co’s in Thailand in 1985

 Consolidated Net worth of Rs 35,777 million as at 31 December 2020

 Work in hand (Construction & Concession) of Rs 810,436 million (Construction Rs 480,732 million) as on
May 18, 2021 - Projects with lowest bid / Under negotiation Rs 46,617 million.

 Global presence in India, Bangladesh, Cambodia, Lao PDR, Indonesia, Maldives, Myanmar, Philippines, Madagascar,
Taiwan, etc.

 With their experience and expertise, we have today successfully maintained our position as one of the market
leaders in India’s infrastructure development program.

 Provides access to the latest technology and know-how , international design and engineering organisation as well
as skilled personnel to augment our local strength.
* 1 Baht = Rs 2.23
Page 5
VISION & MISSION

VISION MISSION
Our aim is a satisfied To make ITD
client, a strong and Cementation India
proactive workforce Limited, the country’s
and quality product leading construction
finished on time Company in customer
maintaining highest choice, quality and safety
safety standard and to
budget

Re-certified through TUV Nord under the latest IMS standards

ISO 9001:2015 (QMS), ISO 14001:2015 (EMS) and ISO 45001:2018 (OHS-MS)
QMS – Quality Management Systems, OHS – Occupational Health & Safety Management Systems, EMS – Environmental Management Systems
Page 6
 CORPORATE STRUCTURE

ITD Cementation India Limited

Urban Infra (MRTS), Airports, Marine, Hydro, Dams, Tunnel, Irrigation, Industrial structures & buildings, Water &
Waste water, Highways, bridges & flyovers and Specialist foundation & engineering

100% 80% 49% 40% 95% 60% 51%

ITD ITD - ITD Cem JV

ITD ITD Cem - Maytas ITD Cem - CEC -
Cementation ITD - ITD Cem JV (Consortium of ITD - ITD Cem - BBJ JV
CemIndia JV Consortium TPL JV
Projects India Ltd. ITD Cementation)

Integrated passenger Design &

Design and execution Construction of
Construction of Construction of MRTS terminal building at construction of
Subsidiary of water conveyor bridge over river
MRTS, Water supply and Water projects Netaji Subhash underground stations
system Ganga at
and road projects Chandra Bose & tunnels for
Allahabad
International airport Mumbai Metro

Balance
Rs 3,770 million Rs 3,583 million Completed Rs 6,676 million Rs 7,606 million Rs 3,138 million
Work (100%)

Page 7
1 COMPANY OVERVIEW

2 FINANCIAL PERFORMANCE &

SHAREHOLDING PATTERN

3 ORDER BOOK ANALYSIS

4 BUSINESS OPERATIONS

5 EXECUTIVE SUMMARY

Page 8
 STANDALONE FINANCIALS* *All figures in Rs million

Revenue from Operations (Yearly) Revenue from Operations (Quarterly)

35,000
28,716
30,000
25,000 22,835 21,420 22,083 10,000
18,729 8,065
20,000 8,000 6,555 6,755
15,000 6,000 4,584
10,000 4,000 2,879
5,000 2,000

0 0
FY16 FY17 15M FY'19 FY20 FY21 Jun'20 Sep'20 Dec'20 Mar'21 Jun'21

EBITDA (Yearly) EBITDA (Quarterly)

4,000 20.0% 1,500 20.0%

1,156
2,869 2,818 2,649 15.0%
3,000 15.0% 1,000 846 778
2,155 15.3%
2,134
2,000 12.3% 12.4% 10.0% 220 10.0%
9.7% 500
1,000 7.5% 5.0% 12.9% 14.3% 11.5% 5.0%
0 7.6% -1.9%
0 0.0% 0.0%
Jun'20 Sep'20 Dec'20 Mar'21 Jun'21
FY16 FY17 15M FY'19 FY20 FY21
-500 -87 -5.0%

EBITDA EBITDA Margin (%) EBITDA EBITDA Margin (%)

Page 9
STANDALONE FINANCIALS* *All figures in Rs million

Profit After Tax (Yearly) Profit After Tax (Quarterly)

1,000 600 547
807
800 709 400 306
173
200
600 481
400 0
400 -200 Jun'20 Sep'20 Dec'20 Mar'21 Jun'21
183 -400
200 -162
-600 -508
0
FY16 FY17 15M FY'19 FY20 FY21

Net worth Debt

6,000 1.0
4,886
12,000 10,526 10,657 5,000 0.8
10,209
10,000 4,000
3,562 3,675
0.8 0.6
2,931
8,000 6,173 3,000
5,507 0.6 2,203
6,000 0.4
2,000
4,000 0.3 0.3 0.2
1,000 0.2
2,000
- 0.0
- Dec'16 Dec'17 Mar'19 Mar'20 Mar'21
Dec'16 Dec'17 Mar'19 Mar'20 Mar'21
Debt Debt/Equity

Page 10
CONSOLIDATED FINANCIALS*
[Figures for FY16 as per IGAAP and onwards as per IND AS] *All figures in Rs million

Revenue from Operations (Yearly) Revenue from Operations (Quarterly)

35,000 30,896 31,651
28,607 27,277 12,000
30,000 9,839
10,000 8,255
25,000 20,605 7,917
20,000 8,000
5,527
15,000 6,000
3,994
10,000 4,000

5,000 2,000

0 0
FY16 FY17 15M FY'19 FY20 FY21 Jun'20 Sep'20 Dec'20 Mar'21 Jun'21

EBITDA (Yearly) EBITDA (Quarterly)

4,000 3,413 15.0%
3,280
2,929 1,400 1,259 14.0%
3,000 2,583
2,345 11.5% 10.0% 1,200 847 12.0%
14.2% 10.8% 9.5% 1,000 932 10.0%
2,000 800 8.0%
7.6% 600 6.0%
5.0% 347 46
1,000 400 10.3% 4.0%
11.8% 12.8%
200 8.7% 0.8% 2.0%
0 0.0% 0 0.0%
FY16 FY17 15M FY'19 FY20 FY21 Jun'20 Sep'20 Dec'20 Mar'21 Jun'21

EBITDA EBITDA Margin (%) EBITDA EBITDA Margin (%)

Page 11
CONSOLIDATED FINANCIALS*
[Figures for FY16 as per IGAAP and onwards as per IND AS] *All figures in Rs million

Profit After Tax (Yearly) Profit After Tax (Quarterly)

1,000 800
819 548
710 600
800
400 306
600 481 173
200
406
400 0
184 -200 Jun'20 Sep'20 Dec'20 Mar'21 Jun'21
200
-400
0
-162
-600 -508
FY16 FY17 15M FY'19 FY20 FY21

Net worth Debt

12,000 10,230 10,554 10,687

6,000 4,630 4,886 5,323 0.9
10,000 4,739 0.8
5,000
8,000 0.8 3,800 0.7
5,528 6,182 4,000 0.6
0.8 0.5
6,000 3,000
0.5 0.4
4,000 2,000 0.4 0.4 0.3
1,000 0.2
2,000 0.1
- - 0.0
Dec'16 Dec'17 Mar'19 Mar'20 Mar'21 Dec'16 Dec'17 Mar'19 Mar'20 Mar'21
Debt Debt/Equity

Page 12
 SHAREHOLDING PATTERN*

MF,  Market Cap of Rs 14,300 million as on August 05, 2021

19.6%
Promoter, Listed on both exchanges i.e. BSE and NSE
FII's, 46.6%


10.7%
 Strong institutional shareholding of over 30% i.e. Foreign
Investors and Mutual Funds
Public,
Bodies 21.1%
Corporate,
2.0%

* As on June 30, 2021

Amongst few construction Companies with ‘Zero Pledge’ by promoters

Page 13
1 COMPANY OVERVIEW

2 FINANCIAL PERFORMANCE &

SHAREHOLDING PATTERN

3 ORDER BOOK ANALYSIS

4 BUSINESS OPERATIONS

5 EXECUTIVE SUMMARY

Page 14
 ORDER BOOK ANALYSIS (1/2) *All figures in Rs millions

Order book as at Year end Key highlights for the quarter

1,40,000
1,17,431 1,17,323  Successfully completed entire TBM tunneling work by
1,20,000
99,925 ITD - ITD Cem JV in Kolkata Metro East - West corridor
1,00,000
75,132  Secured orders worth over Rs 16,200 million
80,000 68,535
60,000  Selected as L1 bidder for order worth Rs 1,200 million
40,000  Projects won during the quarter:
20,000
Project Details Sector Size*
0
Water & Sewerage systems, internal roads
Dec'16 Dec'17 Mar'19 Mar'20 Mar'21 Water &
& bridges, slope protection and O&M in 8,983
Waste Water
Karwar, Karnataka
Dream City depot including Metro Bhavan
Order book as at Quarter end and Associated E&M works for Surat Metro Metro 3,507
1,22,000 Rail Project, Phase 1
1,20,321 1,20,356
1,20,000 1,19,160 Industrial
Aero Space Museum at AF Station in Palam,
1,17,323 Structures & 2,340
1,18,000 Delhi
Buildings
1,16,000
1,13,357  Piling Work at IOCL, Paradip refinery in
1,14,000 Foundation &
Odisha
Specialist 1,380
1,12,000  Sabarmati Riverfront Development in
Engineering
Ahmedabad, Gujarat
1,10,000

1,08,000 Total 16,210

Jun'20 Sep'20 Dec'20 Mar'21 Jun'21

Page 15
ORDER BOOK ANALYSIS (2/2)
State wise / International Order book

Order book break-up

*International project in Myanmar

#Others : Andhra Pradesh (0.6%), Odisha (0.5%), Andaman & Nicobar (0.5%),
Uttarakhand (0.1%), Tripura (0.1%) and Haryana (0.1%)

Client wise Order book break-up

Page 16
1 COMPANY OVERVIEW

2 FINANCIAL PERFORMANCE &

SHAREHOLDING PATTERN

3 ORDER BOOK ANALYSIS

4 BUSINESS OPERATIONS

5 EXECUTIVE SUMMARY

Page 17
URBAN INFRASTRUCTURE (MRTS) AND AIRPORT [RS 37,673 million]
Scope: Nagpur Metro project
 Construction of Mass Rapid Transport Systems and
Airports
 Underground Tunnels, Viaduct, Elevated &
Underground Stations and Track works for MRTS
 Integrated passenger terminal building and allied EPC
services for airports

Major projects under Execution:

 Underground tunneling and stations for metros in
Trichy Airport project
Mumbai, Bengaluru and Kolkata
 Elevated metro stations in Nagpur, Bengaluru and
Kolkata
 Ballastless track work for Mumbai Metro line 7 in
Mumbai, Maharashtra
 Construction of new terminal building at Trichy Airport
in Tamil Nadu
 Integrated terminal building and reconstruction of old
terminal building at Pune Airport in Maharashtra

Page 18
MARINE [RS 32,980 million]
Scope: Myanmar Project
Udangudi project
 Jetties, dolphins & service platforms, quay, berths on
concrete & steel piles & sold gravity type wharf structures
 Ship lift, dry dock, wet basin & inclined berth
 Building of jetties for handling liquid and solid cargo,
wharfs, berths and quays for handling of containers

Major projects under Execution:

 Coal Jetty, Breakwater and Conveyor System for Udangudi
Supercritical Thermal Power Project in Tamil Nadu
 Development of Container Terminal in Yangon, Myanmar Haldia project
 Multi Modal IWT terminal for Haldia in West Bengal
 Capacity utilization for Visakhapatnam Port Trust in Andhra
Pradesh
 Development of Refit Jetty and Allied Facilities in Port Blair
 Construction of Break water at Vizhinjam Port in Kerala
 Development of Liquid Cargo Jetty at JNPT in Maharashtra
 Bulk Berth & Approach Trestle at Chhara Port in Gujarat
 Piers, Landside Tunnels and Building in Karwar, Karnataka

Page 19
HYDRO, DAMS, TUNNELS AND IRRIGATION [RS 20,501 million]
Scope: Concrete, earth fill, rock fill, concrete & masonry Tunnel
RailwayLowering in Mumbai
Tunnel Project, Sikkim
dams, irrigation, hydro tunnels, micro-tunneling, hydro-
electric power stations and tunnels for railways

Major projects under Execution:

 Railway tunnels in West Bengal and Sikkim
 Water conveyor system of lined gravity canal/tunnels in
Telangana
 Microtunneling work for Kolkata Environmental
Improvement Investment Program in West Bengal Sivok Rangpo Tunnel

 Microtunneling for Ahmedabad Municipal Corporation in

Gujarat
 Sewerage & Drainage system in Churial Extension Canal
sub through Microtunneling method in West Bengal
 Construction of tunnels on New Single Broad Guage Rail
Link between Rishikesh And Karanprayag in Uttarakhand

Page 20
INDUSTRIAL STRUCTURES AND BUILDINGS [RS 15,328 million]
WATER AND WASTE WATER [RS 9,723 million]
INDUSTRIAL STRUCTURES & BUILDINGS
IIT, Ropar
Scope : Civil structures for academic institutes, residential complexes, refineries,
petrochemicals, power, steel and fertilizer plants

Major projects under Execution:

 Redevelopment of General Pool Residential colony at Kasturba Nagar in New Delhi
 Aero space museum at AF station in Palam, Delhi
 Circuit bench of Calcutta High Court at Jalpaiguri in West Bengal

Scope : Water transmission & treatment plants

WATER AND WASTE WATER Major projects under Execution:

Irrigation Water Project, Pune  Water & Sewerage systems, Internal Roads & Bridges, slope protection and O&M
activities in Karwar, Karnataka

 Rehabilitation/ Refurbishment of Water Works, Palta & Garden Reach in West

Bengal

 Designing, Erecting & Commissioning of Intake Channel for Bhama Askhed Water
Supply Scheme in Pune, Maharashtra

 Drainage System of Agartala Municipal Area in Tripura

Page 21
FOUNDATION AND SPECIALIST ENGINEERING [RS 2,539 million]
HIGHWAYS, BRIDGES AND FLYOVERS [RS 1,611 million]

FOUNDATION & SPECIALIST ENGINEERING

Piling Work in Bangalore

Scope : Geotechnical investigations, piling, diaphragm walling, sandwick/band
drain, drilling & grouting, rock / soil anchors, tube heading, box pushing, etc.

Major projects under Execution:

 Piling works at Indian Oil Corporation Limited for Paradip refinery in Odisha
 Drilling & Grouting work for Shirawta in Maharashtra
 Riverfront development for Sabarmati Riverfront Development Corporation in
Gujarat

HIGHWAYS, BRIDGES & FLYOVERS

Noida elevated road project
Scope : Roads, bridges and flyovers construction

Major projects under Execution:

 Steel Bridge over river Ganga in Uttar Pradesh

 6 laning Pune Satara road project in Maharashtra

Page 22
KEY CLIENTS
Jetty at Port Blair
MARINE
MARINE
Dubai
DubaiPorts
PortsWorld
World II Port
PortofofSingapore
SingaporeAuthority
Authority II JSW
JSWSteel
SteelLimited
I Adani Group
Adani
Adani Yangong International Terminal Ltd I Visakhapatnam Port TrustI Mumbai
Yangon International Terminal Ltd I Visakhapatnam Port Trust I MumbaiPort
PortTrust
Trust
Inland
InlandWaterways
WaterwaysAuthority
Authorityof
ofIndia
India II Jawaharlal
JawaharlalNehru
NehruPort
PortTrust
Trust II Larsen
Larsen&&Toubro
ToubroLimited
Tamil
TamilNadu
NaduGeneration
Generationand
andDistribution
DistributionCorporation
CorporationLtd
Ltd II Nhava
NHAVASheva
SHEVA Gateway Terminal
Gateway LtdLtd
Terminal
Andaman
Andaman&&Lakshadweep
LakshadweepHarbour
HarbourWorks
Works II Indian Oil Corporation
Shapoorji Limited Capital Company
Pallonji Infrastructure

Bangalore UG Metro tunneling

URBAN INFRASTRUCTURE, MRTS
AND AIRPORT

Mumbai Metro Rail Corporation Limited I Kolkata Metro Rail Corporation Ltd
Mumbai Metropolitan Region Development Authority I Rail Vikas Nigam Ltd
Bangalore Metro Rail Corporation Ltd I Maharashtra Metro Rail Corporation Ltd
Airport Authority of India

Sewer tunnel in Mumbai

HYDRO, DAMS, TUNNELS AND
IRRIGATION

Government of Telangana I Rail Vikas Nigam Ltd I Ircon International Ltd

Municipal Corporation of Greater Mumbai I Ahmedabad Municipal Corporation
Tata Power Limited I Kolkata Municipal Corporation

Page 23
KEY CLIENTS
IIT , Ropar INDUSTRIAL STRUCTURES AND
BUILDINGS
Central Public Works Department
RITES Limited
Indian Oil Corporation Limited

WTP at Agartala
WATER AND WASTE WATER

Irrigation Department Pune, Maharashtra I Kolkata Municipal Corporation

Ahmedabad Municipal Corporation I Municipal Corporation of Greater Mumbai

Piling work at Unchahar FOUNDATION AND SPECIALIST

ENGINEERING
Indian Oil Corporation I JSW Steel Limited I NTPC Limited I Tata Power Limited
Sabarmati Riverfront Development Corporation Limited
Dam Rehabilitation Projects, Govt. of Karnataka I Delhi Metro Rail Corporation

Pune Satara project

HIGHWAYS, BRIDGES AND FLYOVERS

Noida Authority
Rail Vikas Nigam Ltd

Page 24
1 COMPANY OVERVIEW

2 FINANCIAL PERFORMANCE &

SHAREHOLDING PATTERN

3 ORDER BOOK ANALYSIS

4 BUSINESS OPERATIONS

5 EXECUTIVE SUMMARY

Page 25
EXECUTIVE SUMMARY

ITD Cementation
Well Positioned..

Experienced Promoters backed by Robust orderbook of Rs 120,356 million -

professional management team Revenue visibility for next 3 years

Conservatively financed with

Diversified order book to minimize risks
Debt:Equity of 0.5x - Provides room for
from slowdown in any business areas
further growth

Strong execution capabilities with proven

Strong bidding pipeline for future growth ability to undertake complex projects and
delivering quality as per client satisfaction

..to capitalize on the national infrastructure pipeline opportunities of

Government of India ambitious plan.
Page 26
THANK YOU
Page 27