J. Kumar Infraprojects Ltd. Investor Presentation Q2 & H1FY25 Results Update PDF

J. KUMAR INFRAPROJECTS LIMITED Regd Off: J. Kumar House, CTS No. 448, 448/1, 449, Subhash Road, Vile Parle (East), Mumbai 400 057, Maharashtra, India, Phone: +91 22 67743555, Fax: +91 22 26730814, Email: [email protected] Website: www.jkumar.com...

J. KUMAR INFRAPROJECTS LIMITED Regd Off: J. Kumar House, CTS No. 448, 448/1, 449, Subhash Road, Vile Parle (East), Mumbai 400 057, Maharashtra, India, Phone: +91 22 67743555, Fax: +91 22 26730814, Email: [email protected] Website: www.jkumar.com, CIN: L74210MH1999PLC122886 28th October, 2024 To, The General Manager The Listing Department Department of Corporate Services National Stock Exchange of India Ltd BSE Ltd Exchange Plaza, Plot No.C/1, G- Block Mumbai Samachar Marg Bandra- Kurla Complex, Bandra East Mumbai - 400 001 Mumbai-400 051 Fax: 2272 2037 / 39 /41/61 Fax No.26598237/8238 Scrip Code: 532940 Scrip Name: JKIL ISIN: INE576I01022 Sub: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. Dear Sir’s, Pursuant to the provisions of the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed herewith the Investor Presentation for the Un-Audited Standalone and Consolidated Financial Statements, for the second quarter and half year ended as on 30th September, 2024 The said presentation will also be put up on the website of the Company. Yours faithfully, for J. Kumar Infraprojects Limited POORNIMA Digitally signed by POORNIMA CHINTAKINDI CHINTAKINDI Date: 2024.10.28 16:11:43 +05'30' Poornima Company Secretary Enclosures: As Above  J. Kumar Infraprojects Limited Mumbai Metro line 3 We dream… So we achieve… Investor Presentation Q2 & H1FY25 Results Update Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by J. Kumar Infraprojects Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, FOCUSED ON INNOVATION…DELIVERING EXCELLENCE 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. 2 We dream… So we achieve… Table of Contents FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Performance Highlights Company Overview Business Overview Management Overview Historical Financials 3 We dream… So we achieve…  We dream… So we achieve… Pune Underground Metro Performance Highlights Q2 FY25 Key Financial Highlights (Consolidated) PAT EPS EBITDA ✓ Up by 23% Y-o-Y to ✓ Stood at ₹11.92 in Q2 ✓ Up by 18% Y-o-Y to FY25 FOCUSED ON INNOVATION…DELIVERING EXCELLENCE ₹188 cr in Q2 FY25 ₹90 cr in Q2 FY25 Cash PAT Revenue ✓ Up by 16% Y-O-Y to EBIT ✓ Up by 21% Y-O-Y to ✓ Stood at ₹23.40 in H1 ₹177 cr in H1 FY25 ✓ Up by 13% Y-o-Y to FY25 ₹373 cr in H1 FY25 ✓ Up by 26% Y-o-Y to ✓ Up by 17% Y-o-Y to ₹131 cr in Q2 FY25 ₹1,292 cr in Q2 FY25 ₹155 cr in Q2 FY25 ✓ Up by 12% Y-O-Y to ✓ Up by 15% Y-O-Y to ✓ Up by 23% Y-O-Y to ₹258 cr in H1 FY25 ₹2,574 cr in H1 FY25 ₹308 cr in H1 FY25 5 We dream… So we achieve… Q2 & H1 FY25 Profit & Loss (Consolidated) Particulars (₹ In Cr) Q2 FY25 Q2 FY24 Y-O-Y Q1 FY25 H1 FY25 H1 FY24 Y-O-Y FY24 Revenue from Operations 1,292 1,104 17% 1,281 2,574 2,236 15% 4,879 FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Cost of Material Consumed 847 706 851 1,698 1,456 3,170 Construction Expenses 132 129 135 268 248 550 Employee Expenses 106 93 93 198 178 369 Other Expenses 18 17 19 37 32 86 EBITDA 188 160 18% 184 373 321 16% 704 EBITDA Margin 14.6% 14.5% 14.4% 14.5% 14.4% 14.4% Other Income 8 6 9 16 13 28 Depreciation 41 42 41 82 84 168 EBIT 155 123 26% 152 308 250 23% 564 EBIT Margin 12.0% 11.1% 11.9% 11.9% 11.2% 11.6% Finance Cost 33 27 33 66 55 124 Profit before Tax 122 96 28% 120 242 196 24% 441 PBT Margin 9.5% 8.7% 9.3% 9.4% 8.8% 9.0% Tax 32 22 33 65 49 112 PAT 90 73 23% 86 177 146 21% 329 PAT Margin % 7.0% 6.7% 6.7% 6.9% 6.5% 6.7% Cash PAT 131 116 13% 127 258 230 12% 497 Cash PAT Margin % 10.1% 10.5% 9.9% 10.0% 10.3% 10.2% 6 We dream… So we achieve… H1 FY25 Balance Sheet (Consolidated) As at As at As at As at Particulars (₹ in Cr) Particulars (₹ in Cr) Sep 2024 Mar 2024 Sep 2024 Mar 2024 ASSETS EQUITY AND LIABILITIES FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Non-Current Assets Equity Property, plant and equipment 1,036 971 Equity Share Capital 38 38 Capital work-in-progress 36 111 Other Equity 2,753 2,606 Investment Property 96 - Total - Shareholders' funds 2,791 2,644 Financial Assets Investments 2 1 LIABILITIES Investments in Associate 3 2 Other Financial Assets 368 330 Non-Current Liabilities Other Non Current Assets 10 93 Financial Liabilities Total - Non-Current Assets 1,552 1,508 Borrowings 88 113 Lease Liability 3 10 Other Financial Liabilities 171 161 Current Assets Provisions 0 - Inventories 469 481 Deferred Tax Liabilities (Net) 16 15 Financial Assets Total - Non-Current Liabilities 278 299 Trade Receivables 1,488 1,192 Cash and Cash Equivalents 117 103 Current Liabilities Bank balances other than Cash & Cash 437 401 Financial Liabilities equivalents Loans 11 11 Borrowings 681 463 Other Financial Assets 178 167 Trade Payables 597 586 Other Current Assets 882 846 Lease Liabilities 8 7 Other Financial Liabilities 253 236 Total - Current Assets 3,581 3,202 Other Current Liabilities 526 474 Total - Current Liabilities 2,064 1,767 TOTAL - ASSETS 5,133 4,710 TOTAL - EQUITY AND LIABILITIES 5,133 4,710 7 We dream… So we achieve… H1 FY25 Cash Flow (Consolidated) Particulars (₹ In Cr) H1FY25 FY24 FOCUSED ON INNOVATION…DELIVERING EXCELLENCE PBT 242 441 Adjustments 133 268 Operating profit before working capital changes 375 709 Changes in working capital (233) (250) Cash generated from operations 142 459 Direct taxes paid (net of refund) (65) (120) Net Cash from Operating Activities 77 339 Net Cash from Investing Activities (155) (195) Net Cash from Financing Activities 92 (105) Net Change in cash and cash equivalents 14 38 Opening Cash Balance 103 65 Closing Cash Balance 117 103 8 We dream… So we achieve…  Robust Performance Q2 Revenues EBIDTA PAT  23% CASH PAT  13% FOCUSED ON INNOVATION…DELIVERING EXCELLENCE (₹ in Crores)  17% (₹ in Crores)  18% (₹ in Crores) (₹ in Crores) (Y-o-Y) (Y-o-Y) (Y-o-Y) (Y-o-Y) 14.5% 14.6% 6.7% 7.0% 10.5% 10.1% H1 Revenues EBIDTA PAT CASH PAT  15% (₹ in Crores)  16% (₹ in Crores)  21% (₹ in Crores)  12% (₹ in Crores) (Y-o-Y) (Y-o-Y) (Y-o-Y) (Y-o-Y) 14.4% 14.5% 6.5% 6.9% 10.0% 10.3% 9 We dream… So we achieve…  Revenue Breakup Segment Wise Breakup (%) Geographical Break up (%) FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Q2 FY 25 ₹1,292 cr H1 FY 25 ₹2,574 cr 10 We dream… So we achieve… Debt Profile Long Term Debt (Incl. Short Term Debt Gross Debt Current Maturities) (₹ In Cr) (₹ In Cr) FOCUSED ON INNOVATION…DELIVERING EXCELLENCE (₹ In cr) Debt Equity Ratio Gross debt equity ratio within comfort level at 0.28x as on September 30, 2024 Net debt equity ratio at 0.08 as on September 30, 2024 Rated ICRA A+/ Positive for Fund based and Non Fund based limits 11 We dream… So we achieve… Order Book Analysis as on Sep 30, 2024 Segment Wise Break-up (%) Geographical Break-up (%) FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Karnataka 1% Gujarat 3% Uttar NCR Pradesh 8% 3% Healthy Order Book Tamilnadu 21% ₹ 18,721 cr Maharashtra 64% 12 We dream… So we achieve…  We dream… So we achieve… Vadodara Mumbai Expressway Company Overview  About J. Kumar Infraprojects 1999 PAN India Flyovers & Metro Quality 40+ Ongoing ~7,250* FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Presence Bridges Projects Execution Projects Incorporated to Established Constructed Qualified to Currently Strong undertake Delivering Quality presence in states of flyovers and undertake Elevated executing 40+ Employee specialized work on Projects, Timely Maharashtra, NCR, skywalks in MMR & Underground complex projects base EPC basis Completion, Gujarat, Rajasthan and NCR Metro Projects with an Order Ability to UP, Tamil Nadu & book of ₹ 18,721 undertake * Including ~1,900 Karnataka; Looking crores Complex Project Engineers & to expand in other states Technical J. Kumar embarked on its journey in 1980 under the visionary leadership of Mr. Jagdishkumar M. Gupta Rich legacy of more than 4 decades and strict financial discipline Execution marked by timely completion & good quality of projects Developed niche in field of urban infrastructure in India Present across Segments like Metros, Flyovers, Subways, Bridges, Roads, Water & Civil Construction …44 years of Nation building 14 We dream… So we achieve…  Our Offerings FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Metro Elevated Corridors Roads & Road Civil & Others Water Infrastructure / Flyover Tunnels Infrastructure Underground Metro Elevated Corridors Roads Hospital / Medical Colleges Sewage Treatment Elevated Metro Flyovers Highways Railway Terminus & Stations Plants Elevated & Bridges Expressways Commercial buildings River Fronts Underground Metro Pedestrian Subways Tunnels Sports Complex Tunnels Stations Skywalks Airport Runways Other Civil Constructions Others Metro Depots Road Over Bridges Road Tunnels 15 We dream… So we achieve…  We dream… So we achieve… Mumbai Metro Line 3 Business Overview Major Completed Projects FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Mumbai Metro Line 2A Mumbai Metro Line 7 Delhi Underground Metro Delhi Elevated Metro Ahmedabad Metro ESIC Hospital Cum Medical College- Alwar 17 We dream… So we achieve… Major Completed Projects FOCUSED ON INNOVATION…DELIVERING EXCELLENCE JNPT - Mumbai Panjarapol Flyover Grant road Skywalk Amar Mahal Flyover Chheda Nagar Flyover Part 1 BKC- Chunabhatti Flyover 18 We dream… So we achieve… Major Ongoing Projects FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Mumbai Underground Metro Line 3 Mumbai Metro Line 9 Pune Elevated Metro Mumbai Metro Line 4A Mumbai Metro Line 7A Pune Underground Metro 19 19 We dream… So we achieve… Major Ongoing Projects FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Chhedanagar Flyover Motagaon Creek Bridge Dwarka Expressway Kalwa Bridge Thane SCLR Flyover Sewri Worli Elevated 20 20 We dream… So we achieve… Major Ongoing Projects FOCUSED ON INNOVATION…DELIVERING EXCELLENCE RML, Lucknow Vadodara Mumbai Expressway, IRCON Pune Riverfront Airoli Flyover Delhi Metro Dwarka Expressway 21 21 We dream… So we achieve…  TBM Machine Dumper / Tipper Launching Girder Piling Machine RMC Plant Paver Block Fleet of Modern Equipment We dream… So we achieve… Casting Yard Segment Rolling Straddle Carrier 22 FOCUSED ON INNOVATION…DELIVERING EXCELLENCE  We dream… So we achieve… Management Overview Experienced & Visionary Leadership FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Mr Kamal J Gupta Mr Jagdish Kumar Gupta Dr Nalin J Gupta Managing Director Executive Chairman Managing Director 24 We dream… So we achieve… Board of Directors Mr. Raghav Chandra Mr. Sidharath Kapoor Ms. Archana S. Yadav FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Independent Director Independent Director Independent Director Mr. Ramesh Kumar Choubey Mr. Praveen Ghag Independent Director Executive Director 25 We dream… So we achieve…  We dream… So we achieve… Mumbai Metro line 3 Historical Financials Profit & Loss (Consolidated) Particulars (₹ In Cr) FY22 FY23 FY24 CAGR Revenue from Operations 3,527 4,203 4,879 18% FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Cost of Material Consumed 2,268 2,784 3,170 Construction Expenses 418 457 550 Employee Expenses 279 309 369 Other Expenses 58 56 86 EBITDA 505 597 704 18% EBITDA Margin 14.3% 14.2% 14.4% Other Income 25 30 28 Depreciation 147 155 168 EBIT 383 473 564 21% EBIT Margin 10.8% 11.2% 11.6% Finance Cost 100 99 124 Profit before Tax 283 374 441 25% PBT Margin 8.0% 8.9% 9.0% Tax 77 99 112 PAT 206 274 329 26% PAT Margin % 5.8% 6.5% 6.7% Cash PAT 353 429 497 Cash PAT Margin % 10.0% 10.2% 10.2% 27 We dream… So we achieve…  Balance Sheet (Consolidated) As at As at As at As at Particulars (₹ in Cr) Particulars (₹ in Cr) Mar 2024 Mar 2023 Mar 2024 Mar 2023 ASSETS EQUITY AND LIABILITIES FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Non-Current Assets Equity Property, plant and equipment 971 925 Equity Share Capital 38 38 Capital work-in-progress 111 107 Other Equity 2,606 2,302 Investment Property - - Total - Shareholders' funds 2,644 2,340 Financial Assets Investments 1 - LIABILITIES Investments in Associate 2 - Other Financial Assets 330 398 Non-Current Liabilities Other Non Current Assets 93 37 Financial Liabilities Total - Non-Current Assets 1,508 1,467 Borrowings 113 83 Lease Liability 10 15 Other Financial Liabilities 161 79 Current Assets Provisions - 0 Inventories 481 393 Deferred Tax Liabilities (Net) 15 23 Financial Assets Total - Non-Current Liabilities 299 200 Trade Receivables 1,192 1,141 Cash and Cash Equivalents 103 65 Current Liabilities Bank balances other than Cash & Cash 401 312 Financial Liabilities equivalents Loans 11 11 Borrowings 463 434 Other Financial Assets 167 108 Trade Payables 586 630 Other Current Assets 846 859 Lease Liabilities 7 16 Other Financial Liabilities 236 175 Total - Current Assets 3,202 2,888 Other Current Liabilities 474 561 Total - Current Liabilities 1,767 1,816 TOTAL - ASSETS 4,710 4,356 TOTAL - EQUITY AND LIABILITIES 4,710 4,356 28 We dream… So we achieve… Key Financial Indicators (Consolidated) Revenue from Operations ₹ Cr EBITDA ₹ Cr FOCUSED ON INNOVATION…DELIVERING EXCELLENCE PAT ₹ Cr Cash PAT ₹ Cr 29 We dream… So we achieve… Revenue – Key Contributors METRO - UNDERGROUND (₹ cr) FOCUSED ON INNOVATION…DELIVERING EXCELLENCE METRO - ELEVATED (₹ cr) 30 We dream… So we achieve… Revenue – Key Contributors FOCUSED ON INNOVATION…DELIVERING EXCELLENCE ELEVATED CORRIDORS/ FLYOVERS (₹ cr) ROADS & ROAD TUNNELS (₹ cr) WATER, CIVIL & OTHERS (₹ cr) 31 We dream… So we achieve… Strong Financial Metrics Asset Turnover Ratio Working Capital Days FOCUSED ON INNOVATION…DELIVERING EXCELLENCE ROE ROCE 32 We dream… So we achieve…  We dream… So we achieve… Vadodara Mumbai Expressway J. Kumar Infraprojects Ltd. Marathon Capital Advisory Pvt. Ltd. Ms. Poornima Reddy Rahul Porwal - [email protected] Company Secretary & Compliance Officer Amit Porwal - [email protected] Ph: +91-22-67743555 Email: [email protected] Thank You Mo. : +91-9967576900 / 9819773905 Ph. : +91-22-40030610 www.jkumar.com www.marathoncapital.in