#1Power Mech Projects Limited Investors Presentation – March 2021 Power Mech Growth Unlimited TM WR190085#2Safe Harbor This presentation and the accompanying slides (the "Presentation"), which have been prepared by Power Mech Projects 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. 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These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company's ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections. TM Power Mech Growth Unlimited 2#3TM Power Mech Power Mech at a Glance A leading Industrial Services and Construction Company providing versatile and comprehensive service in power and infrastructure sector Growth Unlimited Established in 1999 by Mr. S. Kishore Babu, a technocrat and first generation entrepreneur Largest O&M service provider in India, 110 On-going projects including 42 AMCs and 10 overseas projects Presently Operates Pan-India with International operations spread across Middle East, North Africa, South Asia and Africa Strategic foray into Railway, Rural Electrification, Water Projects and Cross Country Pipelines projects along with diversification into material handling & associated works leading to widening focus from Power to Non-Power sectors 3#4Mission & Vision Mission To be the best and most competitive industrial and infrastructure engineering, construction & services Company. O Vision To provide services with: Highest level of workmanship, exemplary speed by continuously enhancing organizational skills through innovation & teamwork. Highest level of professionalism, integrity, honesty, and fairness in our relationship with our stakeholders and employees. Remarkable planning & optimization of resources in the pursuit of excellence. TM Power Mech Growth Unlimited 4#5Journey of 3 decades TM Power Mech • • • First Decade Power Mech story began in 1999 Marked by determined efforts to gain market entry into various elements of India's power sector. Accelerated progress at an impressive pace and accomplished several milestones in Erection, Testing and Commissioning (ETC) and Maintenance of thermal plants • • Second Decade Became 'service provider of choice' for large customer base and registered a revenue of Rs. 1,000 Crores in FY14 Increase in scope resulted in doubling revenue - crossing Rs. 2,000 Crores in FY 2019 Wide-ranging service portfolio encompassed: • • Extension of ETC services to the non-power sector Diversification - Civil & Structural works of power plants • Major breakthroughs into high-performance super-critical thermal units, quickly followed by: • Entry into exports business • Expanding service offerings to infrastructure sector, petrochemicals, steel plants, industrial technology parks and railway works Growing expertise in O&M services led to the Company to become the largest O&M player in the Country • • • • • • Third Decade of Marching Forward Growth Unlimited Non-power sector key for growth with investments of Rs. 111 Lakh Crores planned as part of National Infrastructure Pipeline (NIP) Transforming with backward integration & gradual transformation to comprehensive service provider. Engineering & project solutions for higher value addition. Expansion to new areas in Railways, Roads, Electrical, Steel Plant works, Material Handling works, Oil & Gas sector across the value chain, new plants for capacity addition, Cross Country Pipelines, Urban Infrastructure projects, etc. Focus on heavy steel fabrication works with investments planned to reduce site costs and better and faster delivery Better utilization of NOIDA unit for expanded spares business & product offering for industrial application O&M is a key driver & aimed to double in 5 years by expanding in power sector, captive sector, and greater penetration into non-power sector both in domestic and international market Deploying IT enabled services for better utilization of manpower & productivity improvement measures on site Power Focus Diversification into Non-Power Business Growth of Non-Power including Infrastructure 5#6• • Major milestones and achievements 1999 • • First ETC of 1 X 63 Tph and 2 X 165 Tph AFBC Boilers, 20.85 MW & 55 MW, Raigarh, BHEL First AMC of 655 MW Combined Cycle Dual Fuel IPP Power Plant, Paguthan, GPEC Incorporation of the Company Foray in Power Sector Business 2002-04 2007-09 Power Mech Growth Unlimited TM . • . • Major orders in Super Critical Projects, Erection, Structural Fabrication work, Sepco, Adani, BGR, CLP First major Civil Work 2X 520 MW, (Vizag, HNPCL), BHEL Entry in Industrial Sector Mechanical & Piping work in Refineries (Dahej, ONGC & Paradeep, IOCL) First major Erection of Gas Turbine & Civil Work, 4X100 MW, Yemen, Marib, BHEL Hydro Power O&M & Mini EPC 2014-16 • . Entered Oman, Saudi Arabia, Bahrain & Nigeria First O&M project (Public Sector)- Singareni Collieries Completed international projects at Shuqaiq, KSA & Bheramara, Bangladesh Prestigious project Infra Development, Med Tech Zone, A.P Diversification - iron ore material handling & associated works Entry into cross country laying of pipelines Strategic foray into Railway, Roads, Rural Electrification, Irrigation, Water Projects, Mining Development & Operations (MDO) . • Private Equity into Power Mech First major international work in Libya, 2X157 MW Erection of 2 Gas Turbines, BHEL First ETC of 1X500 MW Boiler & Auxiliaries, Mejia, BHEL Erection of Structural, Steam Generator & Auxiliaries of 3 Boilers for India's two UMPP 2010-12 Listing in BSE & NSE, subscribed by 38 times Major O&M of 4X600 MW at Jharsuguda, Vedanta Started manufacturing facility at Noida Entry in Steel Sector, Erection & Fabrication work MTPA & 2.7 MTPA, Nagarnar (NMDC) & Angul (JSPL) First FGD Work 500 MW, Vindhyachal, GE 2017-21 6#7Established Track Record Power Mech Growth Unlimited 24 lakhs MT Erection works executed till now 1.75 Lakhs MT Structural fabrication works completed 4 lakhs m³ Earth work completed under Railway Project 36.74 kms Railway track doubling works at Vijaywada- Gudiwada completed 300 In-house Cranes & other construction equipment's for effective mobilization 21 number of super critical power projects where we executed ETC-BTG projects 64,000 MW engaged in capacity addition of BTG and BOP works so far 1.5 Mn sq.ft. Completed Infrastructure development work related to Medical Technology Park in just 12 months at Vizag, AP 2 Ultra Mega Power Projects 5X800MW-Mundra UMPP & 6X660MW - Sasan UMPP commissioned 400 Kms Execution of Natural Gas Cross Country Pipeline 5.5L inch mts of piping and 3.0L inch Dia of welding of various materials at single project, Dangote, Nigeria 65,000 MW engaged in aggregate unit capacity of the O&M & AMC 6,258 MW Commissioned in Overseas Market 400+ TKM Commissioned Over-Head Electrification works 5 lakhs m³ Concreting works carried out at various projects 1.2 lakhs MT of Erection and 3.5 lakhs m3 concrete work, Maitree Bangladesh (ongoing) 64 & 98 Boiler Units and TG units respectively upto 800 MW capacity commissioned 40 Power Projects - Operation & Maintenance across the country 1.5 lakhs MT of Erection and 3.5 lakhs m3 concrete work, Yadadri Telangana (ongoing) 33 KV Lines & 33/11 KV Substations under the DDUGJY completed before schedule 7 TM#8Business Overview TM Power Mech Growth Unlimited Industrial Construction Industrial Services (O&M) Provide comprehensive & integrated Operation & Maintenance (O&M) services in mechanical, electrical & C&I front under one roof. Overhauling and Maintenance of Boiler, Turbine & Auxiliaries, R&M of BTG, GTG, CHP, BOP. Repair, Modification and Rehabilitation of Boiler. Revival and Life Extension. Trouble Shooting, Upgrade & Retrofits, Rebuilds & Plant Relocation and Expanding O&M business into non power including refinery, petrochemical, steel etc. Erection, Testing & Commissioning (ETC) of projects in Power, Nuclear, Refinery, Petro Chemicals, Cement, Oil & Gas, Steel, Minerals, coal-based power plants with BTG & BOP works with unit capacities 150 MW to 800 MW including Steam Generators, Auxiliaries, Critical Piping, LP, HP Piping, Structural Steel, Coal Handling Plant, Ash Handling, Cooling Water System, Fuel Oil System, ESP Ducts, FGD & SCR. Integrated services to Power Project and Non-Power Projects. Headways towards Cross Country Pipelines, Steel Plant Construction works & Petrochemical segment. Overseas Business Erection, Testing & Commissioning of Oil-fired Boiler, HRSG, Reserve/Auxiliary Boiler, BOP, Steam Turbine Generators & Auxiliaries, Gas Turbine Generators & Auxiliaries. Combined Cycle Power Piping, LP & HP Piping, High Pressure Piping, Structural Steel, Cooling Water System, Fuel Oil System. ESP, Ducts, SCR, Rotating Equipment's Erection works for Desalination Plants. O&M of Power Plants & Desalination Plants Electrical Transmission & Distribution Extra High Voltage Substation Works, Optical Fiber Networks, OHE, S&T. Construction of 33/11 Kv Substations. Strengthening of existing Substations. Construction of 33 Kv & 11 Kv Lines, Construction of Transmission of Lines 費 X Strategic Business Units Infrastructure Construction Foundation, Decks, Industrial Buildings, Chimney & Cooling Towers. Geothermal Soil Exploration, Mass Excavation, Area Grading, Land Development, Bored Cast & Driven Cast Piping. Water, Road & Canal Works. Railway Track Linking, EWE and Permanent Way Linking, Minor & Major Bridges Hydro Power & Water Supply & construction of Hydro power plants. Renovation & modernization. AMC & O&M, after sales services, spares management, RLA Study, LTSA. Trouble shooting of chronic problems by providing value added technical solutions in Electromechanical and Hydro-mechanical fields. EPC of mini hydro projects. Construction of sewage treatment plant(STP's), Water Treatment Plants including their networking on EPC basis & Water Systems. Manufacturing & Heavy Fabrication Advanced manufacturing and machining facilities at Noida for entire range of services needed for Power and Non-Power sector. Fabrication of Heavy Structures, Large & High-Pressure Tanks, Heavy Trusses, Ducts, Pipes. Repair of Steam & Hydro Turbines Tie-up with Major OEM Companies for authorized production of critical & general spares Reverse Engineering of spares 8#9Growth Opportunities Industrial Construction • Dominant role in ETC business of new projects in pipeline of about 8,000 MW in coal- based plants. • Focusing on new projects at Buxar 1,320 MW, Khurja 1,320 MW, Yadadri 4,000 MW Infrastructure Construction TM Power Mech Growth Unlimited • Focusing on available new power plants opportunities of 8,000 MW of civil works . Ongoing investments of Rs. 1.6 lakh Crores in capacity expansion in segments of railway works • New expansion in steel plant capacity of JSW at Vijayanagar, Dolvi, Monnet Ispat, Mineral & Coal handling facilities coming with NMDC, CIL, Adani etc. • FGD retrofits with major investments being implemented by NTPC and other utilities • New investments in oil & gas sector of Rs. 1.95 lakh Crores being planned to cover all aspects in this sector . Huge investments in various infra works of NIP plan under implementation for next 5 years • New investments in development of airports with investment of Rs. 300 Crores to Rs. 1,000 Crores for air augmenting connectivity each district centers . Exploring the opportunities for EPC works in material handling works with civil works forming part of major scope • Technology parks, warehouses, large factory buildings etc. Industrial Services • Outsourcing of O&M works from State & Central Sector under PSUs & State utilities • Enhancing presence in Utility & expanding in Captive Power • A breakthrough foray into the State sector, NTPC, KPCL, SCCL, NMDC etc, has enabled to expand its presence • Rehab and R&M works of old thermal and gas power plants • Backward integration & manufacturing of spare parts • Increasing the footprint of O&M business in the export sector • Expand O&M business into the non-power sector related to Refinery, Petrochemicals, Steel etc. • Overseas Business Opportunities in power sector by approaching the end-users or OEM companies adding up to capacity addition of 4,000 MW • Focus on investments planned in power sector for enhancing capacity addition to 412 GW by 2025. Implementation of this plan needs to factor the present lower oil revenues and the Covid-19 pandemic affecting oil production • GCC economies account for more than 40% of the world's water desalination capacity, we believe in suitably fitting in and meeting the critical needs of GCC and focus in the field of installation, testing, commissioning and O&M of the desalination plant • Bangladesh has plans for augmenting its power generation capacity from the present 21,000 MW to 31,000 MW by 2030 9#10Growth Opportunities TM Power Mech Growth Unlimited Electrical Transmission & Distribution • Rs. 2.86 lakh Crores schemes aimed at ensuring continuous power supply to all residents involves adopting models such as privatizing state-run power distribution companies and having multiple supply, network and distribution franchisees Central Government's plan for India's reducing electricity losses to <12% • Negating tariff gaps and having prepaid smart metering across the power distribution chain. The Government of India plans to convert all the electricity meters into smart prepaid meters • Railways to implement the up-gradation of infrastructure to operate highspeed trains and further a target of 7,000 km electrification has been set as part of the modernization of broad-gauge track network • Hydro Power & Water Opportunities of around Rs. 9.25 Billion in Electro-Mechanical packages, Rs. 22.86 Billion in EPC packages of small units, across segments of Hydro Business in the next 4 years Major R&M jobs in the old hydro plants and about 16 projects have been identified involving installed capacity of 1,877 MW in the next 5 years • At present still 65% of the Urban needs have to be brought under the STP scheme and this has thrown up huge opportunities across the Country Manufacturing & Heavy Fabrication . Rehab works coming up in hydro sector for plant up gradation involving the replacement of major parts for the hydro-mechanical works • Reverse engineered spares for the thermal power plants based on the maintenance inputs of plant operation under the control of the Company • Working with the major manufacturing and engineering companies for providing as part • of supply chain line for components and products Away site fabrication input for the manufacture of structural items needed for steel plants, power plants, industrial projects 10#11Key Drivers for Growth TM Power Mech Growth Unlimited Impressive progress in the Steel, Petrochemical, Irrigation sectors. Going forward, there will be a healthy competition between these segments for superior showing in revenue shares of the Company. These segments shall become independent entities for compulsive and competitive survival. New ventures will shoulder the Company and progress at the same time. 01 T0 80 Further expansion to business related to Railways, Roads, Steel Plant works, Material Handling works, Oil and Gas sector, Cross Country Pipelines, Urban Infrastructure projects is on the anvil. O&M will continue to be our key driver, doubling in the next 4 to 5 years. 03 02 Non-power sector is the key for charting the Company's growth in view of huge investments planned as part of National Infrastructure Pipeline (NIP) worth Rs. 111 lakh Crores in the next 5 to 6 years by the Government of India. Transforming the Company into an engineering and manufacturing base with backward integration will be our priority to bring in value addition, higher revenue and profitability. The Company has strongly established its presence in the Middle East and Africa, undertaking ETC projects. In the last 2 years, the Company has also established its presence in the O&M space in the Middle East and North Africa. 95 05 Another potential opportunity is in the Roads and Airports segment. Road network expansion is taking place at breakneck speed, and there are opportunities available for choosing. 07 04 Apart from O&M, increased penetration into the domestic sector of IPP base, Utilities of Central and State, Captive Thermal power base, integrating the spares business through in-house manufacturing and to make concerted efforts for more penetration into the non-power sector is strategically planned. 06 08 80 Efforts have been focussed on entering into the EPC business related to turnkey material handling contracts in Power, Minerals, Coal and other sectors. Capitalize on new growth avenues like water supply pipeline construction backed by Government initiatives like Har Ghar Jal and Jal Jeevan Mission 11#12Company's Strengths ✓ Comprehensive service provider in Power and Non-Power Sector Largest service provider in O&M space with backward and forward integration Go Power Mech Growth Unlimited TM Huge Asset Base with over 300 cranes and other construction equipment's Very strong cross functional teams across Business Development, Operations, Finance, Execution, Project and Construction Management Strong supply chain service support for effective project execution Marquee clientele: Long term relationships with major OEM, EPC players and Utility Companies Kil Well diversified business profile with stable revenue and margins Large talent pool with experienced Management team with strong industry background Project handling capabilities across the globe Robust Financials + Strong execution capabilities across verticals & cross functional approach for diversification Qualified Independent Board & Good Corporate Governance 12#13Project Management Infrastructure Large construction equipment base SAP Site level, Support functions Productivity Capability Centres, Construction, Quality, Safety, Facility Engineering & Supply Chain Management ON Primavera, MS Project Application & Integrated Project Management Approach EJO 10,645 HR Base Engineers, Supervisors, Technicians, HSE, FQA Other Staff SBU Heads for Project Responsibility 13 TM Power Mech Growth Unlimited#14Business Strategy Expanding the services footprint & leveraging technical expertise to target higher margin contracts Backward and forward integration Has been at core for business consolidation and growth, & this motto continues to drive future endeavours Identifying feasible and rewarding EPC contracts in infra segment in Railway, Roads, Urban Infra Development, Energy, Transmission and Distribution In domestic sector of IPP base, Utility sector of Central & State utilities, Captive Thermal power, & integrating the spares business Expanding O&M profile and increased penetration Tie-ups Continued efforts to foray into FGD retrofit investments taking place with suitable tie-ups with EPC players & technology providers Existing ETC capabilities into non-power sector for increased business growth in metal, steel, minerals, petrochemicals etc. Entering value added services by synergizing Enhancing project execution capabilities & delivery Better utilization of assets, HR & capital for improved asset turnover, & strengthening IT infra for real time project execution & timely execution of projects. With EPC opportunities available in material handling jobs using the strong Civil and ETC base already established for improved growth To integrate construction capabilities In export space & consolidation of business in Middle East, Africa, Bangladesh for new investments in petrochemicals, refineries, desalination plants Further geographical expansion Power Mech Growth Unlimited 14 TM#15Expansion of O&M into other sectors and horizons Expanding of O&M service into other sectors & new horizons - O&M (AMC, R&M, Troubleshooting) Thermal (Domestic) & Gas Power Power Mech Growth Unlimited TM Fully Developed Partially Developed To be Developed Steel Refinery & Petro Chemicals IIIII Hydro S O&M (AMC, R&M, Troubleshooting) Exports (Thermal) T Ports ا Captive Power 15#16Global Footprint Global Presence. Indian Roots. Power Mech's expertise across SBUS has helped it diversify across geographies, hedging risks, protecting margins and enhancing revenue visibility. The Company's strengthened pre-qualification capability has helped widen its international presence. Kazakhstan Jordan Iraq Bhutan Kuwait Morocco UAE Saudi Bahrain Arabia India Bangladesh Oman Yemen Sudan Nigeria Ghana Existing Geopraphies Srilanka Exploring New Geographies Power Mech Growth Unlimited TM 16#17Domestic Clients Established Relationships with Clients - Domestic Projects एनटीपीसी NTPC बी एच ई एल BHEL DOOSAN Reliance Industries Limited. SIEMENS National Highway Authority of India भाराराप्रा NHAI NHAI adani TM CESC LIMITED TOSHIBA Leading Innovation >>> MAHAGENCO MS PowerCL CGPL Coastal Gujarat Power Limited 3iteaofteft ONGC TATA POWER रेल विकास निगम लिमिटेड Rail Vikas Nigam Limited एनएमडीसी NMD C vedanta JINDAL STEEL & POWER KARNATAKA POWER CORPORATION LTD. GAR gε ALSTOM steaq NHIDCL ENERGY SERVICES BUILDING INFRASTRUCTURE BUILDING THE NATION रेल INDIAN R RAILWAY Central Organization for Railway Electrification (CORE) पावरग्रिड Power Grid Corporation of India 0 इंडियन ऑयल IndianOil TM Power Mech Growth Unlimited 17#18International Clients Established Relationships with Clients - International Projects 5 أدنوك ADNOC gε ALSTOM ROMCO sepcoll 山东电建 MITSUBISHI fisia italimpianti ABEIMA هيئة كهرباء ومياه دبي Dubai Electricity & Water Authority ALGEC GT Services. →GAMA هيئة كهرباء ومياه الشارقة Sharjah Electricity & Water Authority SIEMENS MI MHPS DOOSAN الشركة العامة للكهرباء GECOL DANGOTE 2 O&M Shuweihat S2 Plant इंजीनियर्स (ई-आई-पल) ENGINEERS इंडिया लिमिटेड INDIA LIMITED (भारत सरकार का उपक्रम) (A Govt. of India Undertaking) HYUNDAI HEAVY INDUSTRIES CO.,LTD. L&T Power BI Bisho Infra Projects Limited ABENER ( बी एस ई एल BHEL NOMAC First National Operation & Maintenance Co.Ltd ELSEWEDY ELECTRIC PSP Power Mech Growth Unlimited 18 TM#19Board of Directors Sajja Kishore Babu, CMD Founder of the company holds bachelor's degree in Mechanical Engineering. He has 35 years of experience in power and infra sector. He is an able administrator and Dynamic Leader, and he also serves the board of subsidiary & JVs Vivek Paranjpe, Independent Director B. Sc (Honors), post graduated from XLRI, over 40 years of experience, served as Group President of RIL. Currently Strategic HR advisor to RIL and Independent Director, Motilal Oswal Fin. Services Sajja Lakshmi, Non-Executive Director She is a science graduate and holds place in HR management of the company & also member of CSR committee of the company. She is interested in social service activities offering her time and energy Enthusiastically GDV Prasada Rao, Independent Director M.E(Chem), retired as a GM in Andhra Bank after ~28 years, currently VP of HEAL, an NGO working with orphans & poor children M Rajiv Kumar, Non-Executive Director Graduate in electrical engineering, he spent his entire career of 38 years in BHEL, rising to the level of Executive Director, Power Sector, Eastern Region T. Sankaralingam, Independent Director B.E(Elec), around 40 years of experience in the power sector, served as CMD of NTPC and MD of BGR Energy in the past. Also worked at BHEL Lasya. Y, Independent Director Post Graduate in Management from ISB, MS in Electrical engineering from university of Texas. She has 15 years of experience in IT Project Management and delivery, client engagement Power Mech TM Growth Unlimited 19#20TM Power Mech Growth Unlimited Professional and Experienced Management - S Kodandaramaiah, Director – Business Development Post-Graduate in mechanical engineering. More than 4 decades of experience in power and industry sector related to EPC, Construction, project management, Business Development. Worked in BHEL, GE. Janardhan Kar, Director O&M Rich experience of more than 40 years in the field of Power Sector. He was associated with NTPC & Chhattisgarh State Power Generation Co. M. Rajendran, COO Degree in Civil Engineering. He has more than 38 years of experience in construction & project management in power & industrial sector. He was associated with BHEL. G. Srinivasulu - Executive Director (Non-Board) Has more than three decades of rich experience in the Power Sector dealing in Project & Construction Management, Erection & Commissioning. S Amarnath: Executive Director (Non-Board) Diploma in Civil Engineering with 35 years of experience in Power and Industrial Construction. Previously he was associated with Indwell Constructions. Arbind Koul, MD Hydro Magus Pvt. Ltd 38 years of experience in installing, maintaining, and repairing Hydro Generators and Hydro Turbines. He was associated with BHEL and BC Hydro British Columbia, Canada. J. Satish, CFO MBA, Chartered Accountant by Profession. He has got more than 20 years of experience in the field of Finance & Accounts. He has worked with PWC, Deloitte, Kerzner International, Indu Projects & Emaar. K Ajay Kumar, Sr.VP - O&M BE Mechanical, he has more than 23 years of experience in Operation & Maintenance, Business Development. Previously he was associated with Indwell Constructions. Anantha Reddy, VP- Electrical T&D MBA in Project Mgmt, B.E.E. (AMIE) Kolkata & Diploma in Electrical Engg. 28 Years of Experience in Business Devt., Project Management & Site Execution of T&D. Biswajit Das - VP - O&M B Sc Engineering (Electrical). With more than 30 years of experience in erection, commissioning and maintenance of large power plants. He was with Lanco Infratech. 20 20#21Ownership Summary Shareholding Pattern 9.63 15.85 Key Shareholders S No Name 0.66 1.53 2.78 2.73 3.71 Power Mech TM Growth Unlimited Shares Category Percentage 1 Promoters & Family 92,83,955 Promoter 63.11% 2 HDFC Small Cap Fund 1,03,126 MUT 6.82% 3 IDFC Flexi Cap Fund 4,13,625 MUT 2.81% 4 Banyan Tree Growth Capital II LLC 3,56,051 FPC 2.42% 5 Bekem Infra 63.11 6 First Water Fund 1,24,203 LTD 0.84% 46,278 FPC 0.31% 7 Adesh Ventures LLP 29,597 LTD 0.20% 8 NRI Vantage Equity Fund 27,281 AIF 0.19% Promoters ■Resident Individuals Mutual funds AIFs FP-Corp Bodies Corporate ■NRI Others 6 Long Term Equity Fund 22,152 AIF 0.15% 21 21#221,000 Financial Performance Q1 Q2 Q3 Q2 Q3 Q4 Power Mech 0 Growth Unlimited TM#23Quarterly Performance Analysis Total Revenue Mix (Rs. Crores) EBITDA (Rs. Crores) & EBIDTA Margin 518 6.1% 133 348 31 293 88 184 60 -12 74 101 -40 -4.3% 120 171 146 Erection Works 20 19 Civil Works 3 11 19 O&M * Q1FY21 -11.6% Q2FY21 Q3FY21 Q1FY21 Q2FY21 Q3FY21 Electrical Total Revenue Mix (%) PAT✶✶ (Rs. Crores) & PAT** Margin Others 20% 25% 26% 25% 29% 35% 0.6% -33 -52 41% 42% 33% 7% 7% Q1FY21 Power Mech Growth Unlimited 1% 3%. 4% -11.8% -14.9% -2% Q2FY21 Q1FY21 Q3FY21 Q2FY21 Q3FY21 23 *High Margin Service Segment; ** PAT after Minority Interest TM#249MFY21 Performance Total Revenue Mix (Rs. Crores) 1,576 560 1,142 281 429 358 474 Erection Works 105 Civil Works 9 9MFY20 O&M* Electrical Others 438 16 50 9MFY21 Total Revenue Mix (%) 212 EBITDA (Rs. Crores) 9MFY20 25% 36% 100 31% 27% 30% 7% 1% 9MFY20 *High Margin Service Segment; ** PAT after Minority Interest 38% -21- 9MFY21 PAT** (Rs. Crores) -81 4% 1% 9MFY20 9MFY21 9MFY21 TM Power Mech 0 Growth Unlimited 24 24#25Consolidated Profitability Statement - Quarter & YTD Power Mech TM Growth Unlimited Particulars (Rs. Crores) Revenue from Operations Q3FY21 Q3FY20 YoY Q2FY21 QoQ 508 546 -7% 345 47% 9MFY21 1129 9MFY20 YOY 1570 -28% Other Income 9 2 2 13 6 Total Revenue 518 547 -5% 348 49% 1142 1576 -28% Material Consumed 77 67 46 157 223 Contract Execution Expenses 323 313 259 760 883 Employee Cost 81 87 77 227 239 Other Expenses 6 6 6 19 19 EBITDA EBITDA Margin Depreciation EBIT 31 74 -58% -40 NA -21 212 NA 6.1% 13.6% -11.6% -1.8% 13.4% 9 10 9 27 30 23 64 -65% -49 NA -48 182 NA EBIT Margin 4.4% 11.8% -14.2% -4.2% 11.5% Finance Cost 19 18 19 58 51 Share of profit of Associates 1 0 -2 -4 2 Profit before Tax 4 47 -91% -70 NA -110 132 NA PBT Margin 0.8% 8.5% -20.3% -9.6% 8.4% Tax 1 10 -15 -25 33 PAT 3 36 -91% -55 NA -85 99 NA Minority Interest 0 0 -3 -4 -1 PAT after Minority Interest 3 36 -91% -52 NA -81 100 NA PAT Margin % 0.6% 6.6% -14.9% -7.1% 6.3% EPS 2.13 24.75 -35.21 -55.25 67.93 25 25#26Historical Performance Total Revenue Mix (Rs. Crores) EBITDA Margins continue to remain healthy 13.5% 12.9% 13.4% 13.4% 12.9% 2,275 2,174 744 749 1,555 1,384 1,346 648 843 617 799 644 Rs. Crores 305 280 209 187 174 343 205 204 648 0 566 Erection Works 375 7 486 518 18 Civil Works -11-0 11 35 104 147 14 FY16 FY17 FY18 FY19 FY20 O&M* FY16 FY17 FY18 FY19 FY20 Electrical Others Revenue Mix (%) PAT** inching higher 5.4% 4.8% 5.1% 5.3% 6.0% 33% 34% 42% 48% 58% Rs. Crores 131 122 TM Power Mech Growth Unlimited 28% 22% 37% 15% 75 79 15% 65 30% 36% 33% 25% 27% 0% 0% 0%- - 1%- ·2% 1% 5% 1% 7% 1% FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 26 *High Margin Service Segment; ** PAT after Minority Interest#27Consolidated Profitability Statement Power Mech TM Growth Unlimited Profit and Loss (in Rs. Crs) Revenue from Operations (Net of Excise) 9MFY21 FY20 FY19 FY18 FY17 FY16 1,129 2,165 2,261 1,548 1,338 1,378 Other Income Total Revenue Material Consumed Contract Execution Expenses Employee Cost Other Expenses EBITDA EBITDA Margin Depreciation EBIT 13 9 14 7 8 6 1,142 2,174 2,275 1,555 1,346 1,384 157 312 330 188 122 115 760 1,230 1,215 815 793 899 227 325 393 312 227 155 19 27 33 31 31 28 -21 280 305 209 174 187 -1.8% 12.9% 13.4% 13.4% 12.9% 13.5% 27 39 46 43 41 39 -48 241 259 166 133 148 EBIT Margin -4.2% 11.1% 11.4% 10.7% 9.9% 10.7% Finance Cost 58 74 55 36 33 33 Share in Profit/(loss) in JV and Associates -4 2 2 0 1 0 Profit before Tax -110 168 206 130 100 116 Profit before Tax Margin -9.6% 7.7% 9.0% 8.4% 7.5% 8.4% Tax -25 37 62 39 36 41 PAT -85 131 143 91 65 75 Minority Interest -4 -1 22 11 0 0 PAT after Minority Interest -81 131 122 79 65 75 PAT Margin % -7.1% 6.0% 5.3% 5.1% 4.8% 5.4% EPS -55.25 89.23 82.69 54.01 43.96 54.08 22 27#28Consolidated Balance Sheet TM Power Mech Growth Unlimited Assets (Rs. in Cr) Sep-20 Mar-20 Mar-19 Mar-18 Mar-17 Mar-16 Equity & Liabilities (Rs. in Cr) Sep-20 Mar-20 - Non Current Assets 525 516 532 450 458 434 Total Equity 871 959 712 Mar-19 Mar-18 Mar-17 828 623 Mar-16 556 Property Plant & Equipment 161 176 187 200 203 195 Share Capital 15 15 15 15 15 15 Reserves & Surplus 852 936 805 684 606 540 CWIP 4 3 3 6 12 19 Non Controlling Interest 5 8 8 14 2 0 Right-of-Use Assets 8 9 0 0 0 0 Other Intangible Assets 3 3 3 3 3 3 Non-Current Liabilities 100 105 158 110 113 117 Intangible assets under devt. 0 0 0 0 0 3 Financial Liabilities Financial Assets (i) Borrowings 18 30 54 28 15 (i) Investments 28 33 32 0 1 0 (ii) Other Financial Liabilities 66 61 79 51 56 (ii) Other Financial Assets 285 283 288 237 237 209 (iii) Lease Liabilities 4 5 0 0 0 260 21 Deferred Tax Assets 35 8 6 3 0 0 Provisions 4 4 3 2 0 0 Other Non Current Assets 2 2 13 2 2 4 Other Non Current Liabilities 9 6 22 29 39 30 Deferred Tax Liabilities 0 0 0 0 2 4 Current Assets 1,745 1,823 1,396 1,134 904 871 Inventories 126 126 93 47 44 31 Current Liabilities 1,298 1,275 942 762 627 633 Financial Liabilities Financial Assets (i) Borrowings 513 426 282 246 164 192 (i) Trade Receivables 432 542 389 309 295 272 (ii) Trade Payables 523 578 443 307 265 270 (ii) Cash & Bank Balance 117 75 88 95 35 43 (iii) Lease Liabilities 2 2 0 0 0 0 (iii) Loan 5 5 5 2 2 Other Financial Liabilities 176 177 122 138 98 89 (iv) Other financial assets 551 577 421 389 310 346 Other Current Liabilities 82 91 75 56 88 72 Income Tax Assets 22 13 0 0 0 Income Tax Liabilities 0 0 19 14 10 10 Other Current Assets 491 485 400 290 218 176 Provisions 2 1 0 1 1 0 Total Assets 2,270 2,339 1,928 1,585 1,363 1,305 Total Equity & Liabilities 2,270 2,339 1,928 1,585 1,363 1,305 28#29Consolidated Cashflow Statement TM Power Mech Growth Unlimited Particulars (Rs. in Cr) H1FY21 FY20 FY19 FY18 FY17 FY16 Net Profit Before Tax -114 168 206 130 100 116 Adjustments for: Non -Cash Items / Other Investment or Financial Items 58 108 52 73 69 67 Operating profit before working capital changes -56 277 258 203 169 183 Changes in working capital 82 -251 -197 -127 -10 -163 Cash generated from Operations 26 25 61 76 159 19 Direct taxes paid (net of refund) 9 73 60 60 40 40 36 Net Cash from Operating Activities 17 -48 1 36 119 -17 Net Cash from Investing Activities -38 3 -63 -42 -40 -63 Net Cash from Financing Activities Net Decrease in Cash and Cash equivalents Add: Cash & Cash equivalents at the beginning of the period 30 16 2 34 59 25 50 -73 71 12 14 -37 44 6 -9 52 9 2 12 Cash & Cash equivalents at the end of the period 42 30 16 53 9 2 29 29#30Strong Order Inflow Rs. Crores Erection 2,771 2,106 1,795 1,952 1,538 FY16 2,836 FY17 FY18 FY19 FY20 9M FY21 Electrical Works Civil & Other Works Power Mech 4,638 Growth Unlimited As on 03-03-2021 33.8% 71.2% 9.2% 65.8% 18.0% 37.1% 29.2% 4.3% 23.2% 7.4% 18.0% 45.4% 27.2% 12.6% 24.7% 67.9% 0000000 16.3% 19.6% 36.4% 29.8% 35.4% 22.8% 35.4% 0.0% 9.4% Power Non Power 0.0% 18.8% 7.4% O 42.3% 16.8% 43.9% 42.1% 0000000 100.0% 81.2% 92.6% 57.7% 83.2% O 56.1% 57.9% 30 TM#31Order Back Log Rs. Crores 4,783 4,268 4,575 3,524 3,705 FY16 6,285 8,087 FY17 FY18 FY19 FY20 9M FY21 O&M Electrical Works Civil & Other Works As on 03-03-2021* * Erection 0.0% 14.3% 25.6% 45.2% 28.6% 46.5% 23.7% 46.5% 26.8% 44.9% 45.9% 37.1% 48.5% 31.3% 0000000 34.0% Power 51.7% 2.1% Non Power 0.5% 27.1% 9.1% 4.7% 20.3% 9.3% 20.6% 18.1% 31.2%, 6.5% 21.8% 29.5% 41.4% 3.9% 13.0% 34.6% 3.1% 17.2% 0000000 99.5% 90.9% Execution post December 31, 2020 not considered 81.9% 68.8% 70.5% 58.6% 65.4% Power Mech Growth Unlimited 31 TM#32Power Mech TM Growth Unlimited Our Projects#33Power Mech TM Industrial Construction: Domestic Projects (Erection, Testing & Commissioning) Growth Unlimited 3x660 MW Nabinagar STPP, NPGCL 3x660 MW Barh STPP, NTPC 2x660 MW Suratgarh STPP, RRVUNL Lowering of pipe at Mundra to Kandla pipeline project-90 KM, Adani 2x500 MW Neyveli TPP, NLC 1x660 MW Harduaganj TPS, UPRVUNL 5x800 MW Yadadri TPP, TSGENCO Lowering of Pipe Section, Mundra, Adani REDMI NOTE 5 PRO OMDUAL CAMERA Station Piping at Ennore, IOCL Utility Corridor, Gallery Erection, Dolvi, JSW SMS II - Overhead Tank, Dolvi -JSW Erection of P&N Gallery at Bellary, JSW 33#34Infrastructure Construction: Civil, Architecture & Railway Works Power Mech Growth Unlimited TM 5X800 MW Yadadri TPS, TSGENCO 1x800 Mw TPSS, North Chennai, TNNGEDCO 1X660 MW Bhusawal TPS at Maharastra- MAHAGENCO ANITZT Construction of Roadbed, Major and Minor Bridges, Track Linking, Gudivada - Machilipatnam section -RVNL AMTZ- Infrastructure Development Works of Andhra Pradesh Med Tech Zone 2x660 MW STPS, Suratgrah - RRVUNL MEMU Shed at Kanpur-RVNL Construction of Ramayampet Canal -I & CAD- Telangana Govt. 34#35Overseas Business 4X660 MW Shuqiaq SSPP, KSA (Completed Project) 25 MW,Ray Project-RAY International LLC, Oman 1,516 MW IBRI IPP, SEPCO - 3, Oman (Completed Project) 2X660 MW at Rampal, Maitree, Bangladesh-BIFPCL 1,800 MW Alba PS5 CCPP, Bahrain (Completed Project) 1,390 MW Waad Al Shamal ISCCPP, GE, KSA 1,519 MW Fadhili CHPP, Doosan, KSA 1800 MW Alba CCPP, ETC of GTG, STG, HRSG & BOP, Bahrain 2020/9/16 18:19 Power Mech Growth Unlimited Aweer Power Station H Phase IV, Elsewedy, Dubai 400 MW Dangote Oil Refinery & Petrochemicals Project, DORC, Nigeria 220 MW (GAS) / 212 MW, (HSD) CCPP, Bisho Infra, Bangladesh Second Water Expansion Seawater Desalination Plant, Shuaibah-3,FISIA ABEIMA, KSA 35 TM#36Operations & Maintenance (O&M) Power Mech Growth Unlimited Siemens-138 MW Gas Turbine Paguthan TG Overhauing 600 MW Jharsuguda Vedanta Bearing Diassembly At NTPC-Simhadri Control & Stop Valves Overhauling Sipat 660 MW Capital Overhauling of Turbine 63 MW, SV Power, Korba Rotor Lifting-3 HP Heater Replacement 800 MW, CGPL Mundra 2 Cuplock Scaffolding Erection 800 MW, MSH Line Modification, 600 MW Singareni Mundra லெ LTURBAE- Main Turbine Overhauling, 660 MW, Kawai Turbine AOH, 600 MW, Udipi ID Fan AOH, 800 MW CGPL, Mundra Urea Reactor Tank Installation At Ramagaundam, Telangana 36 TM#37Manufacturing Facility, Hydro Power & Water Power Mech TM Growth Unlimited 27.5 MLD STP, Networking at Palwal, MCPALWAL Railway - Axil Box Housing Fibrizer Rotor - Triveni Engineering Implementation of Hydro Electric Project, 2 MW at Upper Kallar, KSEB Implementation of Hydro Electric Project (2MW/5.14 Mu)-KSEB Head stock - ISGEC Heavy Engineering 28 MLD STP at Karnal, TPL 2020/8/8 16:42 Machining of Valve outer casing. POWER MECH INDUSTRI Heavy Duty Centre Lathes (Noida) BHEL-HP Inner Casing SR Furnace (Noida) Manufacturing Unit (Noida) 37#38Contact Us For further information, please contact: Company POWER MECH POWER MECH PROJECTS LTD CIN: L74140TG1999PLC032156 Mr. Mohith Kumar Khandelwal +91-40-30444418 / +91 9885149418 Email: [email protected] www.powermechprojects.com Investor Relations Advisors SGA Strategic Growth Advisors CIN: U74140MH2010PTC204285 Mr. Jigar Kavaiya / Mr. Aakash Mehta +91 99206 02034 / +91 98191 78243 [email protected]/[email protected] www.sgapl.net Thank You TM Power Mech Growth Unlimited 38