Cem ITD Cementation India Limited

Commitment, Reliability & Quality

Dept. of Corporate Services – Corporate National Stock Exchange of India

Relationship, Limited,
BSE Limited, Listing Department,
Phiroze Jeejeebhoy Towers, Dalal Street, Exchange Plaza, C-1, Block ‘G’
Mumbai 400 001. Bandra-Kurla Complex,
Bandra (East),
Mumbai 400 051.

Date Our Reference No. Our Contact Direct Line

7th August, 2023 SEC/08/2023 RAHUL NEOGI 91 22 67680814

[email protected]

Dear Sirs,

Sub: Unaudited Financial Results for the quarter ended 30th June, 2023
Scrip Code No: 509496 (BSE) / ITDCEM (NSE)

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, enclosed
please find presentation on Unaudited Financial Results for the quarter ended 30th June,
2023.

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 ITD Cementation India Limited
Digitally signed by RAHUL NEOGI
DN: c=IN, o=Personal, postalCode=400101, st=Maharashtra,
2.5.4.20=d6d0df5445796b87b8d90ab7a54ecb6fa930dd593fdf1

RAHUL NEOGI 2cc80090f398780228b,

pseudonym=6A90452343F3F023CF80080B1BA7597371D386E
D,
serialNumber=8D2A9ED0DFE2EEF0B6F68C1B48856DD103F7E3
A97C4B25E6D1B16D812D7260A5, cn=RAHUL NEOGI
Date: 2023.08.07 18:30:29 +05'30'

(RAHUL NEOGI)
COMPANY SECRETARY

Encl: as above

ITD Cementation India Limited

Registered & Corporate Office : 9lh Floor, Prima Bay,
Tower - B, Gate No. 5, Saki Vihar Road. Powai. Mumbai - 400 072
Tel.: 91-22-66931600 fax : 91-22-66931628 www.itdcem.co.in
Corporate Identity Number : L61000MH 1978PLC020435
 Rubble Mound Breakwater Vizhinjam Port in Kerala

ITD Cementation India Limited

Investor Presentation

Q1 FY24 Kolkata metro station building in West Bengal

Cem
Commitment, Reliability, Quality
Sivok Rangpo railway tunnel in West Bengal and Sikkim 1
 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.

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Commitment, Reliability, Quality 2
 OVERVIEW – NINE DECADES OF SUSTAINABLE PRESENCE IN INDIA

PROMOTERS ORDERBOOK PRESENCE EMPLOYEE BASE CREDIT RATING

PAN INDIA OVER 14,500 ICRA A and CARE A

Rs 1,85,168 (13 STATES & 2 UT) (including contractual
46.64% ‘STABLE’
1 INTERNATIONAL personnel and
MILLION
PROJECT workers) OUTLOOK

DIVERSIFIED AND HIGH GROWTH SECTORAL PRESENCE

URBAN INDUSTRIAL HYDRO, DAMS, FOUNDATION AND

HIGHWAYS, BRIDGES MARITIME WATER AND WASTE
INFRASTRUCTURE, STRUCTURES AND TUNNELS AND SPECIALIST
AND FLYOVERS STRUCTURES WATER
MRTS AND AIRPORTS BUILDINGS IRRIGATION ENGINEERING

Amongst the leading EPC player in India undertaking Heavy Civil and Infrastructure projects

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Commitment, Reliability, Quality 3
 VISION & MISSION

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

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

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Commitment, Reliability, Quality 4
 HISTORY

1978: 1996: 2000: 2004:

1994:
1931: Branch office was
Cemindia Company
Kvaerner ASA acquired Skanska AB acquired ITD, acquired Skanska AB
interest in Skanska
converted into India Trafalgar House Plc in Kvaerner Construction
The Cementation subsidiary (named as Limited renamed as 1996 and changed its Group Limited changed Cementation India
Company Limited, U.K, Cemindia Company Limited) Trafalgar House name to Kvaerner its name to Skanska Limited name changed
operated a branch in of The Cementation Construction India Cementation India Cementation India to ITD Cementation
India. Company Limited Limited Limited in 1998 Limited in 2001 India Limited in 2005

Expanding Horizons. Delivering Growth

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Commitment, Reliability, Quality 5
 ITALIAN-THAI DEVELOPMENT PUBLIC COMPANY LIMITED (ITD)

 Amongst the leading Infrastructure & largest construction company in

Thailand for over 60 years.

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

 Total works in Hand : ~Rs. 725,975 million (Construction : ~Rs. 359,575

million)

 Global presence in India, Bangladesh, Lao PDR, the Philippines, Vietnam,

Africa etc.

 Access to the latest technology and know-how, international design and

engineering as well as skilled personnel to augment our local strength.

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Commitment, Reliability, Quality 6
 CORPORATE STRUCTURE

ITD Cementation India Limited

100% 80% 40% 95% 51%

49% 60%

ITD Cementation ITD ITD - ITD Cem JV

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

Design &
Construction of Design and construction of Construction of
Construction of
Airport execution of underground bridge over river
Subsidiary MRTS and Water MRTS and Water
Modernisation water conveyor stations & Ganga at
projects projects system Allahabad
tunnels for
Mumbai Metro

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Commitment, Reliability, Quality 7
 SHAREHOLDING PATTERN (JUNE 30, 2023)

Bodies
Corporate,
6.2% Market Cap of over Rs 31,000 million as on August 07, 2023

Promoter,
Individual, 46.6% Listed in BSE and NSE
29.1%

FII,
13.5% Strong institutional shareholding of ~18% i.e. FII’s and Mutual Funds
Mutual Funds,
4.6%

Amongst few construction Companies with ‘Zero Pledge’ by promoters

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Commitment, Reliability, Quality 8
 BOARD OF DIRECTORS

Chairman Executive Vice Chairman Managing Director

MR. PIYACHAI KARNASUTA MR. SANTI JONGKONGKA MR. JAYANTA BASU

Independent Director Independent Director Independent Director

MR. SUNIL SHAH SINGH MS. JANA CHATRA MR. PANKAJ I.C.JAIN

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Commitment, Reliability, Quality 9
 PERFORMANCE HIGHLIGHTS

REVENUE EBITDA

Q1 FY24
67% 73%
Rs 18,326 million Rs 1,744 million
Key PAT NEW ORDERS
Highlights
73% Rs 2,471
million in Q1 FY24
Rs 523 million

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Commitment, Reliability, Quality 10
 STANDALONE FINANCIALS (All figures in Rs million)
Revenue from Operations (Yearly) Revenue from Operations (Quarterly)
50,000 46,749 20,000 18,000
15,802
40,000 15,000
32,495 11,918
30,000 9,650 9,380
21,420 22,083 10,000
20,000
5,000
10,000
0
0
June'22 Sep'22 Dec'22 Mar'23 June'23
Mar'20 Mar'21 Mar'22 Mar'23

EBITDA (Yearly) EBITDA (Quarterly)

5,000 1,800 1,711
4,458
1,600 1,455
4,000 1,400 964
3,093 1,200 912 1,127
3,000 2,649
1,000
2,134
800
2,000
600
1,000 400
200
0 0
Mar'20 Mar'21 Mar'22 Mar'23 June'22 Sep'22 Dec'22 Mar'23 June'23

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Commitment, Reliability, Quality 11
 STANDALONE FINANCIALS (All figures in Rs million)
Profit After Tax (Yearly) Profit After Tax (Quarterly)
1,400 1,242 600
522
1,200 500
1,000 366 378
400
800 688 301
300
600 197
432 200
400
158 100
200
0
0
June'22 Sep'22 Dec'22 Mar'23 June'23
Mar'20 Mar'21 Mar'22 Mar'23

Networth (Yearly) Debt and Debt:Equity (Yearly)

13,000 8,000 7,247 0.8
12,375 7,000
12,500
12,000 6,000 5,151 0.6
5,000 0.6
11,500 11,312 3,966
4,000 0.5 0.4
11,000 10,657 2,931
10,526 3,000 0.4
10,500 2,000 0.3 0.2
10,000 1,000
9,500 0 0.0
Mar'20 Mar'21 Mar'22 Mar'23 Mar'20 Mar'21 Mar'22 Mar'23

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Commitment, Reliability, Quality 12
 CONSOLIDATED FINANCIALS (All figures in Rs million)

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

60,000 20,000 18,326
50,909 16,314
50,000
38,090 15,000 13,270
40,000 10,978 10,347
28,607 27,277
30,000 10,000
20,000
5,000
10,000
0 0
Mar'20 Mar'21 Mar'22 Mar'23 June'22 Sep'22 Dec'22 Mar'23 June'23

EBITDA (Yearly) EBITDA (Quarterly)

5,000 4,628 2,000 1,744
4,000 1,474
3,280 3,379 1,500 1,176
3,000 2,583 1,011
1,000 968
2,000
500
1,000

0 0
Mar'20 Mar'21 Mar'22 Mar'23 June'22 Sep'22 Dec'22 Mar'23 June'23

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Commitment, Reliability, Quality 13
 CONSOLIDATED FINANCIALS (All figures in Rs million)
Profit After Tax (Yearly) Profit After Tax (Quarterly)
1,400 600
1,247 523
1,200 500
1,000 400 369 377
302
800 693 300
600 200
438 200
400
160 100
200
0
0
June'22 Sep'22 Dec'22 Mar'23 June'23
Mar'20 Mar'21 Mar'22 Mar'23

Networth (Yearly)
Debt and Debt:Equity (Yearly)
13,000
12,415 8,000 7,247 0.8
12,500
7,000
12,000 6,000 0.6
5,151
11,500 11,347 4,739
5,000 4,092 0.6

11,000 10,687 4,000 0.5 0.4

10,554 0.4
10,500 3,000 0.4
2,000 0.2
10,000
1,000
9,500
0 0.0
Mar'20 Mar'21 Mar'22 Mar'23
Mar'20 Mar'21 Mar'22 Mar'23

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Commitment, Reliability, Quality 14
 ORDER BOOK ANALYSIS (All figures in Rs million)
2,50,000

2,00,436
2,00,000 1,85,168
1,55,478
1,50,000
1,17,431 1,17,323
1,00,000

50,000

0
Mar'20 Mar'21 Mar'22 Mar'23 June'23

• Diversified order book of Rs 1,85,168 million provides multi year revenue visibility
• Secured orders worth Rs 2,471 million in Q1 FY24
• Clientele comprises of Government (46%), PSU (19%) and Private Sector (35%)
• Established presence in India and is currently executing international project in Sri Lanka
• Tamil Nadu (25.4%), Uttar Pradesh (22.8%), Karnataka (12.8%), Delhi (10.4%), West Bengal (9.6%), Maharashtra (5.0%),
Sri Lanka (3.9%), Gujarat (3.6%) and Others (6.4%)

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Commitment, Reliability, Quality 15
 ORDER BOOK BREAK-UP AS ON JUNE 30, 2023 (All figures in Rs million)

Contract Value %
Project Name
(Rs million) Order book

Urban Infrastructure, MRTS and Airports 57,413 31.0%

Highway, Bridges and Flyovers 42,272 22.8%

Maritime Structures 32,409 17.5%

Industrial Structures and Buildings 28,708 15.5%

Hydro, Dams, Tunnels and Irrigation 15,151 8.2%

Water and Waste Water 5,548 3.0%

Foundation and Specialist Engineering 3,667 2.0%

Total 1,85,168 100.0%

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Commitment, Reliability, Quality 16
 URBAN INFRASTRUCTURE, MRTS AND AIRPORTS
Chennai underground metro tunnel boring machine in Tamil Nadu

ORDER BOOK

Rs 57,413
million

Metro Rail Airports

Ahmedabad airport in Gujarat
 Underground tunneling and
 Construction of new terminal
stations for metros in Chennai,
building in Trichy airport, Tamil Nadu
Bengaluru, Mumbai and Kolkata

 Reconstruction of old terminal

 Elevated metro stations in Nagpur,
building in Pune airport,
Bengaluru and Kolkata
Maharashtra

 Modification & Refurbishment of

 Surat metro depot building in
terminal buildings in Ahmedabad
Gujarat
airport, Gujarat

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Commitment, Reliability, Quality 17
 HIGHWAYS, BRIDGES AND FLYOVERS

Ganga Expressway six laning road project in Uttar Pradesh

ORDER BOOK

Rs 42,272
million
Steel bridge over river Ganga in Uttar Pradesh

MAJOR PROJECTS UNDER EXECUTION

 Six Laning road project in Uttar Pradesh

 Steel Bridge over river Ganga in Uttar Pradesh

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Commitment, Reliability, Quality 18
 MARITIME STRUCTURES
Udangudi project in Tamil Nadu

ORDER BOOK

Rs 32,409
million
Kamarajar Port in Tamil Nadu

MAJOR PROJECTS UNDER EXECUTION

 Piers, Landside Tunnels & Building in  West Container Terminal in the
Karwar, Karnataka Port of Colombo, Sri Lanka
 Udangudi Supercritical Power Project  Wharf and Approach trestle works
in Tamil Nadu at JNPT in Maharashtra
 Captive Oil Jetty at Kamarajar Port in  Rubble Mound Breakwater in
Tamil Nadu Vizhinjam Port, Kerala

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Commitment, Reliability, Quality 19
 INDUSTRIAL STRUCTURE AND BUILDINGS
Circuit bench of Calcutta High Court in West Bengal

ORDER BOOK

Rs 28,708
million
Buildings for Sikkim University in Sikkim

MAJOR PROJECTS UNDER EXECUTION

 Redevelopment of Residential colony  Circuit bench of Calcutta High

at Kasturba Nagar in New Delhi Court at Jalpaiguri in West Bengal

 Construction of buildings for Sikkim  Aerospace museum at AF station in

University Palam, Delhi
 Piling and Civil work for Coke Oven
 Thal Sena Bhawan in Delhi
Project at Hazira plant, Gujarat

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Commitment, Reliability, Quality 20
 HYDRO, DAMS, TUNNELS AND IRRIGATION
Sivok Rangpo railway tunnel in Sikkim and West Bengal

ORDER BOOK

Rs 15,151
million
Churial canal project in West Bengal

MAJOR PROJECTS UNDER EXECUTION

 Railway tunnels in West Bengal  Water conveyor system of lined

and Sikkim gravity canal/tunnels in Telangana

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Commitment, Reliability, Quality 21
 WATER AND WASTE WATER | FOUNDATION & SPECIALIST ENGINEERING
Bhama Askhed water project in Maharashtra

WATER AND WASTE WATER

Rs 5,548
million
Piling and Ground improvement work in Odisha
FOUNDATION AND
SPECIALIST ENGINEERING

Rs 3,667
million

WATER AND WASTE WATER FOUNDATION AND SPECIALIST ENGINEERING

 Water infrastructure project in Karwar, Karnataka  Brahmaputra Riverfront development in Guwahati, Assam
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Commitment, Reliability, Quality 22
 KEY INVESTMENT HIGHLIGHTS

Experienced Promoters backed by professional management team

Robust orderbook of Rs 1,85,168 million – Multi year revenue visibility

Diversified order book to minimize risks from slowdown in any business areas
Summary
Conservatively financed with Net Debt:Equity of 0.49x

Strong execution capabilities with proven ability to undertake complex projects and delivering
quality as per client satisfaction

Strong bidding pipeline to fuel future growth

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Commitment, Reliability, Quality 23
 Thank You

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Commitment, Reliability, Quality 24