#1Engineers India Limited EIL Net Zero Investor Relations 1st Quarter Results: FY 23-24 EIL by 2035 Delivering Excellence Through People August 02, 2023#2Contents 1 Quarterly Financial Performance 2 Quarterly Business Secured and Order Book 3 Annual Performance Summary EIL Net Zero by 2035 Page # 3 9 14 Delivering Excellence Through People 2#3EIL 1 Quarterly Financial Performance इंजीनियर्स इंडिया लिमिटेड (भारत सरकार का उपक्रम) EIL ENGINEERS INDIA LIMITED (A Govt. of India Undertaking) 3#4Q1 FY23-24 Performance Summary - Standalone Standalone TURNOVER EIL Rs Mn Q4 22-23 3,234.67 Net Zero by 2035 Q1 23-24 Q1 22-23 Q2 22-23 Q3 22-23 Consultancy – Domestic - 2973.30 2,768.90 2,773.07 3,035.12 Consultancy Overseas - 483.39 737.00 682.90 467.40 480.09 Consultancy Total 3456.69 3,505.90 3.455.97 3,502.52 3,714.76 Turnkey 4626.72 4,543.90 4,364.16 4,803.66 4,946.73 Consultancy + Turnkey 8083.41 8,049.80 7,820.13 8,306.18 8,661.49 Other Income 926.17 272.42 668.74 257.27 492.74 Total Income 9009.58 8,322.22 8,488.87 8,563.45 9,154.23 SEGMENT PROFIT Q1 23-24 Consultancy 885.00 Turnkey 94.56 Q1 22-23 604.64 91.64 Q2 22-23 Q3 22-23 Q4 22-23 670.14 136.44 689.83 1,866.25 90.70 202.34 Total 979.56 ☐ 696.27 ☐ 806.58 780.53 2,068.59 Note: All figures are on standalone basis Delivering Excellence Through People 4#5INR Mn Q1 FY23-24 Quarterly Performance - Standalone Turnover - Consultancy Turnover Mix (Consultancy Vs Turnkey) 5,000 ■Tunrover Consultancy કૃ INR Mn 4,000 3,000 2,000 4445 1,000 2751 3658 3506 3457 INR Mn 60% 50% Consulting ■Turnkey EIL Net Zero by 2035 40% 30% 60% 59% 56% 57% 50% 50% 20% 40% 41% 44% 43% 10% 0 Q1 19-20 0% Q1 20-21 Q1 21-22 Q1 22-23 Q1 23-24 96 Turnover - Turnkey ■Turnover - LSTK 5,000 4,000 2904 3,000 2,000 1,000 1927 4544 4627 3691 0 Q1 19-20 Q1 20-21 Q1 21-22 Q1 22-23 Q1 23-24 Note: All figures are on standalone basis INR Mn Q1 19-20 Q1 20-21 Q1 21-22 Q1 22-23 Q1 23-24 Total Income 10,000 7932 8,000 6,000 4,000 2,000 ■Total Income 5175 9010 8322 7574 0 Q1 19-20 Q1 20-21 Q1 21-22 Q1 22-23 Q1 23-24 Delivering Excellence Through People 5#6INR Mn INR Mn Q1 FY23-24 Quarterly Performance - Standalone Segment Profit - Consultancy ■Segment Profit Consultancy 2,000 1745 1,500 1,000 500 500 400 300 393 1100 Segment Profit % Consulting 50% 40% 30% 885 605 20% 39% 10% 30% ■Turnkey EIL Net Zero by 2035 26% 17% 14% 3% 2% 3% 2% 2% 0 0% Q1 19-20 Q1 20-21 Q1 21-22 Q1 22-23 Q1 23-24 Q1 19-20 Q1 20-21 Q1 21-22 Q1 22-23 Q1 23-24 Segment Profit - Turnkey ■Segment Profit - Turnkey 200 116 92 95 79 100 30 INR Mn 2,000 1,500 1241 1,000 500 481 ■ PAT PAT 906 505 1136 0 Q1 19-20 Q1 20-21 Q1 21-22 Q1 22-23 Q1 23-24 0 Q1 19-20 Q1 20-21 Q1 21-22 Q1 22-23 Q1 23-24 Note: All figures are on standalone basis Delivering Excellence Through People 6#7INR Mn Quarterly Performance Track Record - Standalone 10,000 8,000 6,000 4,000 2,751 1927 2,000 497 7120 Total Income ■Consultancy ■Turnkey ■Other Income 4785 4804 4947 4544 3,452 4,047 4270 4364 3382 3,583 3,658 3691 3,514 3,612 3,791 3,506 2965 3203 3,456 3,503 3,715 EIL Net Zero by 2035 4627 3,457 669 533 480 440 225 284 382 477 493 272 257 0 Q1 20-21 Q2 20-21 Q3 20-21 Q4 20-21 Q1 21-22 Q2 21-22 Q3 21-22 Q4 21-22 Q1 22-23 Q2 22-23 Q3 22-23 Q4 22-23 Q1 23-24 Revenue Mix (Consultancy Vs Turnkey) Consulting ■Turnkey 926 64% 70% 60% 50% 40% 30% 59% 20% 41% 10% 0% Q1 20-21 Q2 20-21 Q3 20-21 Q4 20-21 Q1 21-22 Q2 21-22 Q3 21-22 57% 54% 53% 53% 56% 56% 58% 57% 57% -------------- 51% 49% 43% 36% 50% 50% 46% 47% 47% 44% 44% Q4 21-22 Q1 22-23 Q2 22-23 42% 43% 43% Q3 22-23 Q4 22-23 Q1 23-24 Note: All figures are on standalone basis Delivering Excellence Through People 7#8Quarterly Performance Track Record - Standalone INR Mn 2,000 1,500 1,000 933 910 Segment Wise Operating Profit Consultancy ■Turnkey 1,564 1,229 1,100 895 861 605 670 690 1,866 EIL Net Zero by 2035 885 500 393 400 116 202 30 63 65 74 68 97 92 136 91 95 0 Q1 20-21 Q2 20-21 Q3 20-21 Q4 20-21 Q1 21-22 Q2 21-22 Q3 21-22 Q4 21-22 Q1 22-23 Q2 22-23 Q3 22-23 Q4 22-23 Q1 23-24 Segment Wise Profit % Consulting ■Turnkey 60% 50% 40% 30% 50% 20% 39% 32% 30% 27% 25% 25% 26% 24% 10% 3% 17% 19% 20% 14% 2% 2% 1% 6% 3% 2% 2% 2% 3% 2% 4% 2% 0% Q1 20-21 Q2 20-21 Q3 20-21 Q4 20-21 Q1 21-22 Q2 21-22 Q3 21-22 Q4 21-22 Q1 22-23 Q2 22-23 Q3 22-23 Q4 22-23 Q1 23-24 -10% Note: All figures are on standalone basis Delivering Excellence Through People 8#9EIL 2 Quarterly Business Secured and Order Book इंजीनियर्स इंडिया लिमिटेड (भारत सरकार का उपक्रम) EIL ENGINEERS INDIA LIMITED (A Govt. of India Undertaking) 9#10Quarterly Business Secured and Order Book - Standalone EIL Net Zero by 2035 Rs Mn Business Secured Q1 23-24 Consultancy (domestic) 1,452 Q1 22-23 2,201 Q2 22-23 Q3 22-23 Q4 22-23 % Consultancy ■% Turnkey 100% 70 U 10 817 2,261 1,198 80% Consultancy 2,987 49 94 110 5,885 65% 73% (overseas) 60% 82% 100% 100% Consultancy Total 4,439 2,250 911 2,371 7,083 40% 20% Turnkey 8,213 0 2,494 -67 32,036 35% 27% 18% 0% Total Business secured 12,652 2,250 3,405 2,304 39,119 Q1 23-24 Q1 22-23 Q2 22-23 Q3 22-23 Q4 22-23 Rs Mn As on As on As on As on As on ■Consultancy % ■Turnkey % Order Book Jun 23 Jun 22 Sep 22 Dec 22 Mar 23 100% Consultancy 49,792 47,935 45,994 45,046 48296 80% 39% 37% 46% 45% 43% Turnkey 31,233 40,403 38,319 33,610 28650 60% Total Order Book 81,025 88,338 84,313 78,656 76946** 40% 61% 54% 55% 57% 63% 20% Consultancy % 61% 54% 55% 57% 63% 0% Turnkey % 39% 46% 45% 43% 37% As on Jun As on Jun As on Sep As on Dec As on Mar 22 22 23 23 22 **The total order Book Status as on 31-Mar-2023 is Rs. 90790 Million, considering the impact of Go-ahead letters. Delivering Excellence Through People 10#11Quarterly Business Secured Break up - Standalone Note: Data on standalone basis Consultancy Vs LSTK 35% 65% Consultancy LSTK Consultancy LSTK Consultancy Domestic Vs Overseas 33% 67% Domestic Overseas Most of the orders have been secured in the Hydrocarbon sector EIL Net Zero by 2035 Domestic Overseas Delivering Excellence Through People 11#12Quarterly Order Book Break up - Standalone Consultancy Vs LSTK 61% 39% Consultancy LSTK Note: Data on standalone basis ■Consultancy LSTK Consultancy Domestic Vs Overseas 68% EIL Net Zero by 2035 32% Domestic Overseas Domestic Overseas Delivering Excellence Through People 12#13Q1 FY22-23 : Salient Orders Secured EIL Net Zero by 2035 Service Type Domestic Project scope Client Contract Value (Rs. Million) Award Date Completion Date Consultancy Consultancy Services for New DRI (Direct Reduced Iron) - 2 Plant at Angul Consultancy Consultancy LSTK-OBE Overseas Consultancy Consultancy EPCM Services for 50 KTA ISO-Propyl Alcohol (IPA) Plant at Usar Independent Engineer for Development, Construction and Operation of Greenfield International Airport at Bhogapuram, Vizianagaram District, Andhra Pradesh PMC Services for Haryana Horticulture Marketing (Change Order) Upgrading of The Institute of Petroleum Safety, Health and Environment Management (IPSHEM) to World- Class Facility" at Goa, on EPC reimbursable basis CED FWA T.2: Brown Field EWRS - PMRs for LZ and DAS, UAE (under Framework Agreement) (PMRS - Plant Modification Requests) (EWRs Engineering Work Requests) Jindal Steel and Power (JSPL) OGAIL India Ltd. 155 April 2023 December 2024 319 April 2023 April 2025 AP Airport Development Corporation 193 April 2023 April 2026 Haryana Intl. Horticultural Marketing Corp. (HIHMC) Oil and Natural Gas Corporation (ONGC) 151 May 2023 May 2025 3255 April 2023 June 2024 ADNOC Offshore 315 April 2023 February 2024 Consultancy Consultancy EPCM Services for Green-field 4000 TPD Urea and 2300 TPD Ammonia Complex in Nigeria (Change Order) FEED for SARB Produced Water treatment value, UAE (under Framework Agreement) Stanch Fertilizer FZE 1610 May 2023 December 2026 ADNOC Offshore 129 May 2023 May 2024 Consultancy PMC Services for EPC-1 (LNG Storage) & EPC-3 (Utilities & BOP) Packages of LNG Terminal, Nigeria Padah LNG 349 June 2023 June 2026 Delivering Excellence Through People 13#14EIL 3 Annual Performance Summary इंजीनियर्स इंडिया लिमिटेड (भारत सरकार का उपक्रम) EIL ENGINEERS INDIA LIMITED (A Govt. of India Undertaking) 14#15Annual Performance Summary - Standalone EIL Net Zero by 2035 Rs Mn TURNOVER 2022-23 2021-22 2020-21 2019-20 2018-19 Consultancy 14,179 14,575 13,833 15,653 13,494 Turnkey 18,659 14,129 17,214 16,377 10,949 Consultancy + Turnkey 32,838 28,704 31,047 32,030 24,443 Other Income 1,691 1,367 1,949 2,580 2,251 Total Income 34,529 30,071 32,996 34,611 26,694 SEGMENT PROFITS 2022-23 2021-22 2020-21 2019-20 2018-19 Consultancy 3,831 4,085 3,799 4,989 3,894 Turnkey 521 356 558 655 628 Consultancy % 27% 28% 27% 32% 29% Turnkey % 3% 3% 3% 4% 6% PAT PAT PAT % 2022-23 2021-22 2020-21 2019-20 2018-19 3,422 3,444 2,595 4,302 3,701 10% 12% 8% 13% 15% Note: All figures are on standalone basis and rounded off to nearest digit Delivering Excellence Through People 15#16Business Secured and Order Book - Standalone EIL Net Zero by 2035 Rs Mn Business Secured FY 22-23 FY 21-22 FY 20-21 FY 19-20 FY 18-19 Consultancy ■Turnkey 1% Consultancy 100% 0% 0% 6,477 16,515 14,550 8,119 14,942 (domestic) 80% 73% Consultancy 6,138 356 1,011 8,053 911 60% 73% (overseas) 100% 99% 100% 40% Consultancy Total 12,615 16,871 15,562 16,172 15,853 20% Turnkey 34,463 0 130 0 43,052 27% 27% 0% Total Business 2018-19 2019-20 2020-21 2021-22 2022-23 47,078* 16,871 15,692 16,172 58,905 secured Order Book March 23 March 22 March 21 March 20 March 19 Consultancy ■Turnkey 100% Consultancy 48296 48,983 45.816 44,561 43,124 80% 36% 43% 37% 53% Turnkey 28650 27,566 34,003 50,993 68,763 61% 60% Total Order Book 76946** 76,549 79,819 95,554 1,11,887 40% 64% 57% 63% Consultancy % 63% 64% 57% 47% 39% 20% 47% 39% Turnkey % 37% 36% ☐43% 53% ☐ 61% 0% *The total order inflow is Rs. 63000 Million, considering the Go-ahead letters of Rs. 15920 million received from Clients till 31-Mar-2023. **The total order Book Status as on 31-Mar-2023 is Rs. 90790 Million, considering the impact of Go-ahead letters. Note: Data on unconsolidated basis 2018-19 2019-20 2020-21 2021-22 2022-23 Delivering Excellence Through People 16#17Capital Investments - as on Q1 FY23-24 EIL Net Zero by 2035 Description Name Implemen-ting agency JV Partners / Share-holding State Country Size Capacity / Area Approximate project cost/ investment at start Total Equity Investment by EIL Investment 1 Ramagundam Fertilizer Project M/s Ramagundam Fertiliser & Chemical Ltd. NFL - 26%; EIL - 26%; FCIL-11%; GAIL- 14.3%; Telangana Govt - 11%; HTAS Consortium- 11.7% Telengana Urea: 3850 MTPD Ammonia: 2200 MTPD Rs. 6388 Crore Rs. 491 Crores Investment 2 NELP IX: Two Upstream Assets (CB-ONN-2010/8) M/s Bharat Petro Resources Ltd. (BPRL) BPRL -25%, GAIL - 25%, EIL - 20%, BFIL - 20%, MIEL - 10% Gujarat Exploration Acreage 42 Sq. Km. CB-ONN-2010/11 M/s GAIL India Ltd. BPRL-25%, GAIL – 25%, EIL-20%, BFIL - 15%, MIEL - 15% Investment 3 Minority stake in Numaligarh Refinery Ltd. EIL stake 4.37% Investment 4 LLC-BEO (Bharat Energy Office) Exploration Acreage 131 Sq. Km. Assam 3 MMTPA Refinery (Currently undergoing expansion to 9 MMTPA) Equal participation of 20% by OIL, OVL, GAIL, IOCL & EIL Moscow, Russia Gujarat Rs. 300 Crore / USD 50 Million (During Bidding Stage) USD 500,000/- Rs 700 crores (approx) USD 100,000/- Delivering Excellence Through People 17#18Disclaimer EIL Net Zero by 2035 This presentation report is for distribution only under such circumstances as may be permitted by applicable law. It is published solely for information purposes, it does not constitute an advertisement and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments in any jurisdiction. 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Neither the author or EIL shall be liable for any direct or indirect damages that may arise due to any act or omission on the part of the user due to any reliance placed or guidance taken from this presentation report. Further, EIL is under no obligation to update or keep current the information contained herein. The disclosures contained in this presentation report produced by EIL shall be governed by and construed in accordance with laws of India. EIL specifically prohibits the redistribution of this material in whole or in part without the written permission of EIL and EIL accepts no liability whatsoever for the actions of third parties in this respect. Images may depict objects or elements which are protected by third party copyright, trademarks and other intellectual property rights. All rights reserved. Delivering Excellence Through People 18#19EIL THANK YOU Delivering Excellence Through People 19