Indu Group Profile

Indu Projects Ltd

Corporate Profile

Highlights Vision To be a premier infrastructure Established in 2001 by I. Syam Prasad Reddy

company that builds value through Revenues FY08 – Rs. 13,065 million Revenues FY09 – Rs. 19,600 million*

innovation & next practices and seeks to grow by

Investment by Credit Suisse, Citigroup and IDFC at the entity level

caring and sharing

*unaudited

Growth Path

2009-2012 2007-2008

2003-2006 2001-2003 Third party construction contractors for Government urbaninfrastructure projects

Foray into real estate developments Core infra projects (water, irrigation, roads)

Diversified coreinfrastructure capabilities End-to-end solutions provider Launched Premium and Middle size real estate projects Special Economic Zones of IT/ITES Domain NHAI Highways construction

Large scale Technology driven core-infra projects in the areas of: Power Generation Transmission Distribution Contract Coal Mining Proposed Dedicated Rail Freight Corridor (DRFC) projects

Business Strengths

Proven Execution Capability

Management Track Record Experience

Well Diversified Business Model

è

Successful 7 year track record

è

In-house design and construction capabilities

è

Strong brand name

è

First generation entrepreneurs

è

Strong and experienced management teams

è

Focus on Infrastructure

è

Offers end–to–end services for value maximization

è

Diversity lends stability to earnings and hedge against risks

Geographical Spread

Delhi Lucknow Jhansi

Increasing presence in high growth geographies

Chhatisgarh Bhusawal

Nagpur

Pune Bhubaneshwar Srikakulam

Hyderabad

Rajahmundry Bengaluru Mangalore

Tirupati Krishnapatnam Trichy

ORDER BOOK

Outstanding Order Book Current External Outstanding Order Book – INR 41,181 Mn

Order Backlog 1.04.09 (INR Mn)

51.7%

25,000

Buildings – 10700 Mn

20,000

Core Infra – 21010 Mn 26.34% 21.9%

15,000 10,000

Energy – 9881 Mn

Total - INR 41,591 Mn

5,000 Buildings

Core Infra

Energy

Future Strategy – “entry into high growth areas”

Outstanding Order Book Contribution of sectors to Order Book Current

2010 Estimated %

Current %

1

1

2

2

3

3

4

4

Fig. in Rs Mn

2010 Estimated %

Fig. in Rs Mn

Buildings

26

10700

09

5820

Core Infra

51

21010

38

24430

Energy

22

9471

47

30880

Mining

01

410

06

3900

TOTAL

41591

65030

CORE INFRASTRUCTURE & ENERGY

Focus Domains

Industrial Projects • DSSIDC Infra-Development • ONGC Site-Development, Mangalore • Civil works for Blast Furnace of SAIL, Rourkela. • EPC Integrated Sugar Complex, Karnataka.

Transportation • NH 45 Road project, TN • HUDA Road Project • Airport Passenger Terminal Building, Lucknow • Railway Flash Butt Welding for SC and Central Railway • DMRC Project

Focus Domains

Energy • Civil & Structural works for MAHAGENCO’s Bhusawal 2x500MW Thermal Power Plant

Irrigation & Public Health Irrigation

Mining

• Indira Sagar Project, Polavaram

• Coal mine exploration work under CMPDIL in Jharkhand & Chhattisgarh.

• Civil works for APGENCO’s Krishnapatnam 2x800MW Thermal Power Plant

• Tadipudi Lift Irrigation, AP

• Contract Coal mining - MDO.

• T & D Works with EHV OH Transmission lines, XLPE UG Cabling & GIS/Conventional Sub Stations

• City drinking water transmission for PCMC

• Pranhita Chevella, Pkg 22

Public Health

• Nanded Sewerage Projects

Our Emphasis Energy


BOP- Civil and Structural Works




Identified

companies

from

Hong

Kong,

France, US, Spain & Korea with past experience

in

Power

Transmission & Distribution.

Mining


Coal mine exploration work




Contract Coal mining

Water §

Irrigation Barrages, Canals & LIS

§

Tunneling Works

§

Formation of Flood Banks

§

Public Health Engineering

Generation,

ENERGY

Energy : Key Projects Figures in INR Million Contract Value

Balance Order as of 1.04.2009

Entire Civil & Structural work for 2X500 MW Bhusawal Thermal Power Project

5,054

4,071

Civil Works for 2X800 MW Krishnapatnam Thermal Power Plant

5,400

5,400

Contract

Total Contract Value – INR 10,454 Mn

Order Backlog – INR 9,471 Mn

Energy Projects – In Pipeline Power Plants è

Civil & Structural works for the BOP and Cooling Towers & Chimneys for - 2X500 Marwah Thermal Power Plant - 1x500 MW Korba West Thermal Power Plant

è

Civil and Structural works for the Main Plant (BTG package) of - 2X500 Marwah Thermal Power Plant & - 1x500 MW Korba West Thermal Power Plant

è

Civil and Structural Works for 2X250 MW Satpura TPP under MPGENCO

Transmission & Distribution èUnderground

EHV Cabling for Hyderabad City

è Augmentation

of T&D Infrastructure in Maharashtra, MSETCL in Joint Venture with Cobra Group

èT

& D Opportunities in UP, Uttaranchal and Orissa

Buildings – Major Third Party Projects Current Contracts – External

Contract Value

Balance Order as of 1.04.2009

Paramedical College, Jhansi

2,550

2,550

PCMC Slum Rehabilitation Housing with Al-Form

1,779

1,550

Staff Colony for TTD at Tirupati

1,260

1,260

680

680

1,226

184

Ascendas IT Complex, Bangalore Mantri Tranquil, Bangalore

Going forward we intend to focus more on: è

JNNURM - reform linked initiative of Central Govt entailing a total budget of INR 1,200 Bn

è

Objective is urban infra development in 63 cities with focus on Slum Rehabilitation, Water Supply, Solid Waste Management, Rapid Transport Systems, etc.

è

Have identified low cost housing as an opportunity

Total Contract Value – INR 15,458 Mn* (Figures - INR Million) *incl. Major Third Party Contract figures

Order Backlog – INR 10,700 Mn*

FINANCIALS

Robust Financial Performance Figures in Rs. Million

2500

25000

2241 20000

19600

CAGR 101%

15%

14108

15000

1857

2000

CAGR

15%

16%

1500 EBITDA Margin

Turnover 10000

8%

5798

5000

500

3151

1286

EBITDA

900

1000

9%

457

101

0 2004-05

2005-06

2006-07

2007-08

2008-09

*

0 2004-05

2005-06

2006-07

2007-08

*

2008-09

9000

1400

7000

1000

8%

8%

6000

8%

800

PAT Margin

616 600

4% 55.56 2004-05

2000

3%

2006-07

RONW

4000

1000

2005-06

5010

5000

# 2007-08

Net Worth

3393

3000

257

0

*

PAT

479

400 200

7854

8000

1150

1200

21% 15%

23%

14%

1222

8%

363

0

2008-09

*

Unaudited figure

# PAT Includes one time gain of Rs 650 million on sale of land

2004-05

2005-06

2006-07

2007-08

*

2008-2009

Financial Projections of IPL Mar-09 *

Mar-10E

Mar-11E

Sales

19,600

23,273

27,882

EBIDTA

1,857

2,523

2,983

616

829

1,214

Share Capital

1,534

1,541

1,541

Networth

7,854

8,775

9,989

Long Term Debt

3,697

4,717

4,315

Working Capital

3,179

3,620

2,141

Net Block

1,272

1,738

2,284

Net Current Assets

10,856

11,262

10,050

EBITDA Margin (%)

10%

11%

11%

Net Profit Margin (%)

3%

4%

4%

Debt/Equity

0.87

1.0

0.6

Current Ratio

1.09

2.1

1.8

RoCE (pre-tax)

12%

14%

17%

INR Million Operations

PAT Financials

Debt

Ratios

*

Unaudited figure

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