#1Power Mech Projects Limited Investor Presentation - May 2022 Power Mech Growth Unlimited TM#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. 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. Certain matters discussed in this Presentation may contain statements regarding the Company's market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. 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, 112 On-going projects including 44 AMCs and 11 overseas projects + Presently Operates Pan-India with International operations spread across Middle East, North Africa, Africa and South Asia Strategic foray into Railways, Water Projects, Roads, Coal Mining, Cross-Country Pipelines, Material Handling & Manufacturing 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 Operation & 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, Water Projects, Roads, Coal Mining, Electrical, Steel Plant works, Material Handling, Oil & Gas sector across the value chain, 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 3 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 Railways, Water Projects, Roads, Rural Electrification,, 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 2017-22 Entry in Steel Sector, Erection & Fabrication work MTPA & 2.7 MTPA, Nagarnar (NMDC) & Angul (JSPL) • Major FGD opportunities opened up 6#7Established Track Record 27.2 Lakhs MT Erection works executed till now 2.14 Lakhs MT Structural fabrication works completed 68,375 MW engaged in aggregate unit capacity of the O&M & AMC 6,792 MW Commissioned in Overseas Market 67,960 MW engaged in capacity addition of BTG and BOP works so far 15 Lakhs sq.ft. Completed Infrastructure development work related to Medical Technology Park in just 12 months at Vizag, AP 546 Kms Execution of Natural Gas Cross Country Pipeline 11.5L inch mts of piping and 3.0L inch Dia of welding of various materials at single project, Dangote, Nigeria 643 TKM Commissioned Over-Head Electrification works 3 18.5 Lakhs m³ Concreting works carried out at various projects 220Kv GIS Commissioned 220Kv GIS Substation works in Nagaland under NERPSIP Scheme 132Kv Lines & 33/11KV SS Commissioned 132kv lines in Assam, 33/11 KV Substations along with associated 33Kv and 11Kv Lines in MP Power Mech Growth Unlimited TM 7#8TM Power Mech Business Overview Industrial Services (O&M) Provide comprehensive & integrated Operation & Maintenance (O&M) services in mechanical, electrical & C&Il 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. Industrial Construction 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 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 Growth Unlimited 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 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 Mining Development of mine infrastructure, removal of overburden and extraction of Coking Coal, processing, crushing and transportation of coal up to washery, carrying out R&R activities and any other activities incidental to mining 8#9Growth Opportunities TM Power Mech Growth Unlimited 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, Talabira 2,400 MW, Udangudi 1,320 MW • New expansion in steel plant capacity of JSW at Vijayanagar, Dolvi, Monnet Ispat, Arcelor Mittal, Mineral & Coal handling facilities coming with NMDC, CIL, Adani etc. • FGD retrofits with major investments being implemented for 161 GW • New investments in oil & gas sector of Rs. 1.11 lakh Crores being planned Infrastructure Construction • Investments of Rs. 1.4 lakh Crores in capacity expansion in segments of railway works • On going investments in various infra works of NIP plan under implementation for 5 years • 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 in the export sector, major break through at Nigeria • Expand O&M business into the non-power sector related to Refinery, Petrochemicals, Steel etc. . Overseas Business Opportunities for Operation & Maintenance in 145 GW of Power plants from GCC Countries: Saudi Arabia (76 GW), UAE (29 GW), Kuwait (19 GW), Qatar (10 GW), Oman (7 GW) and Bahrain (4 MW) • In MENA region, Energy Sector investments of US$ 805 billion are to be made by 2025 and power installed capacity to increase from 342 GW to 434 GW . Bangladesh power capacity to increase from 25,514 MW to 46,000 MW by 2030 • In Africa, O&M opportunities for power plants of 5300 MW in Ghana and 12,500 MW in Nigeria • Opportunities in Operation & Maintenance of desalination plants in GCC and Africa 9#10Growth Opportunities TM Power Mech Growth Unlimited Electrical Transmission & Distribution • Development of Distribution Infrastructure for various DISCOMs under the Revamped Reforms-based and Results-linked, Distribution Sector Scheme worth of Rs. 2,00,000 Cr ⚫ Cross Border Transmission Link development by way of transmission infrastructure • 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 • Network Maintenance for various DISCOMs in India • • Water & Hydro Power Budget for Jal Jeevan Mission enhanced to Rs.60,000 Cr. During the last year, more than 2.06 Crore rural households were provided tap connections making the cumulative achievement of 9.35 Crore (48.4%). As Gol has set a target of 'Har Ghar Jal' by 2024, another 10 Crore tap connections need to be provided. Focusing on opportunities in the states of Utter Pradesh, Karnataka and North Eastern States 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 • 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 • 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 • Mining Significant scope for new mining capacities in iron ore, bauxite and coal and considerable opportunities for future discoveries of sub-surface deposits • As of FY22, the number of reporting mines in India were estimated at 1,245 of which reporting mines for metallic minerals were estimated at 525 and non-metallic minerals at 720 • Coal India Ltd. (CIL) approved 32 new coal mining projects, of which 24 are expansion of the existing projects and the remaining are greenfield. Estimated cost of the project is Rs. 47,000 crore 10#11Company's Strengths ما Comprehensive service provider in Power and Non-Power Sector Largest service provider in O&M space with backward and forward integration co 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, Engineering, Finance, Project Execution & 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 11#12Project Management Infrastructure Large construction equipment base SAP Site level, Support functions Productivity, Data Management Capability Centres, Construction, Quality, Safety, Engineering & Supply Chain Management ON EJO Primavera, MS Project Application & Integrated Project Management Approach 14,044 HR Base Engineers, Supervisors, Technicians, HSE, FQA Other Staff SBU Heads for Project Responsibility 12 TM Power Mech Growth Unlimited#13Business 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, Water Projects, 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 TM 13#14TM Power Mech Expansion of O&M business Expanding of O&M service into other sectors & new horizons - O&M (AMC, R&M, Troubleshooting) Thermal (Domestic) Growth Unlimited Fully Developed Partially Developed To be Developed Steel Refinery & Petro Chemicals Water & Hydro S IIIII & Gas Power O&M (AMC, R&M, Troubleshooting) Exports (Thermal) 費 Electrical Network Maintenance ما Captive Power 14#15Global 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 15#16Domestic 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 >>> CGPL Coastal Gujarat Power Limited 3iteaofteft ONGC MAHAGENCO MS Power Co TATA POWER रेल विकास निगम लिमिटेड Rail Vikas Nigam Limited steaq एनएमडीसी NMD C NHIDCL ENERGY SERVICES BUILDING INFRASTRUCTURE BUILDING THE NATION vedanta JINDAL STEEL & POWER रेल INDIAN R RAILWAY Central Organization for Railway Electrification (CORE) KARNATAKA POWER CORPORATION LTD. पावरग्रिड Power Grid Corporation of India कोल, इण्डिय Coal India CCL ho GAR gε ALSTOM 0 इंडियन ऑयल IndianOil TM Power Mech Growth Unlimited 16#17International 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 ABENER ( बी एस ई एल BHEL BI Bisho Infra Projects Limited NOMAC ELSEWEDY ELECTRIC First National Operation & Maintenance Co.Ltd PSP Power Mech Growth Unlimited TM 17 12#18Board of Directors Sajja Kishore Babu, CMD Founder of the Company, holds a Bachelor's degree in Mechanical Engineering. Possesses 37 years of experience in the power and infrastructure sector. Able administrator and dynamic leader. Serves on the Board of subsidiary and joint venture companies. Vivek Paranjpe, Independent Director B.Sc (Honors), Fergusson College, Pune, Post-Graduate from XLRI Jamshedpur, Gold medalist. More than 45 years of industry experience in various leadership roles in India and abroad. Some of the key strategic senior positions held by him were Director, HR Operations, Asia Pacific Region, for Hewlett Packard at Singapore, and Group President HR, for Reliance Industries Ltd. M Rajiv Kumar, Non-Executive Director Graduate in Electrical Engineering. Worked 38 years in BHEL. Rose to the level of Executive Director, Power Sector, Eastern Region. Sajja Lakshmi, Non-Executive Director Science Graduate, holds a place in the HR management of the Company and CSR Committee. Deeply engaged in social service. GDV Prasada Rao, Independent Director ME (Chem) Retired as General Manager in Andhra Bank after 30 years of service. Presently, Vice President of Health and Education for All (HEAL), an NGO looking after orphans and underprivileged children. T. Sankaralingam, Independent Director A BE (Elec) with around 40 years of experience in the power sector. Served as Chairman-Managing Director of NTPC and Managing Director of BGR Energy and also worked at BHEL. Lasya. Y, Independent Director Post-Graduate in Management from ISB, MS in Electrical and Computer Engineering from the University of Texas. She has 16 years of experience in IT Project management & delivery, client engagement, IT strategy, business development. Power Mech Growth Unlimited 18 TM#19TM Power Mech Professional and Experienced Management S. Rohit, President, BD & Operations MBA from University of Oxford & Master's degree in Engineering Management from USC, heads the Overseas Operations, Business Development and drives Corporate Strategy along with digital initiatives for Power Mech group of companies S Kodandaramaiah, Director – BD (Non-Board) 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. Growth Unlimited 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. Anantha Reddy, Sr. 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. G. Srinivasulu - ED (Non-Board) Has more than three decades of rich experience in the Power Sector dealing in Project & Construction Management, Erection & Commissioning. 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, ED - O&M (Non-Board) BE Mechanical, he has more than 23 years of experience in Operation & Maintenance, Business Development. Previously he was associated with Indwell Constructions. CVK Prasad, ED – Operations (Non-Board) 27 years of experience with Brown and Green field projects and O&M of thermal power plants. Adept at dealing with statutory bodies and government authorities and is a graduate in Industrial Engineering Mr. Venkata Madhav Rao, Sr. VP - Civil Infrastructure M.Tech Structural engineering, he has more than 38 Years of rich experience in Highway Projects, Irrigation Projects,, Railways, etc. He was previously associated with Aarvee Associates, Madhucon Projects Ltd, Transstroy India Ltd, Secon Surveyors Ltd, GVR Projects Ltd. 19#20Ownership Summary Shareholding Pattern 8.34 18.18 0.89 2.88 4.21 0.65 1.17 PROMOTERS Sr. No Key Shareholders TM Power Mech Growth Unlimited Name Shares Category Percentage 1 Promoters & Family 93,69,668 Promoter 63.69% 2 HDFC Small Cap Fund 12,27,393 MUT 8.34% RESIDENT INDIVIDUALS 3 MUTUAL FUNDS Banyan Tree Growth Capital II LLC 3,56,051 FPC 2.42% FOREIGN PORTFOLIO-CORP 4 Aequitas Equity Scheme-I 1,30,500 AIF 0.89% BODIES CORPORATE 63.69 5 Aequitas Investment Consultancy Pvt Ltd 1,0,8,145 LTD 0.74% AILTERNATIVE INVESTMENT FUND NRIS 6 Right Shopping Private Limited 65,820 LTD 0.45% OTHERS 7 Purvansh Holdings Private Limited 63,857 LTD 0.43% 8 Acadian Emerging Markets Small Cap Fund 33,366 FPC 0.23% 20 20#211,000 Financial Performance Q1 Q2 Q3 Q2 Q3 Q4 Power Mech TM Growth Unlimited#22Quarterly Performance Analysis Total Revenue Mix (Rs. Crores) EBITDA (Rs. Crores) & EBIDTA Margin Power Mech 0 Growth Unlimited 11.3% 905 10.4% 11.5% 11.0% 10.8% 760 152 166 628 650 544 137 127 106 516 329 98 268 284 223 79 71 72 63 223 173 188 226 217 Erection Works 36 6-28 5 23 25 Civil Works Q4FY21 Q1FY22 Q2FY22 Q3FY22 3—17- Q4FY22 Q4FY21 Q1 FY22 Q2 FY22 Q3FY22 Q4FY22 O&M * Electrical Others Total Revenue Mix (%) PAT** (Rs. Crores) & PAT** Margin 22% 22% 19% 19% 17% 5.0% 5.0% 5.1% 5.3% 4.7% 41% 43% 41% 45% 57% 48 29% 34% 28% 35% 36 31 33 24% 27 1%- 5% -1% 4% 1%- 4% 1%-4% 0%-2% Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Due to Covid-19, the figures do not represent normal quarter/operations and are not strictly comparable with last year or preceding quarter *High Margin Service Segment; ** PAT after Minority Interest 22 TM#23FY22 Performance Erection Works Civil Works O&M* Total Revenue Mix (Rs. Crores) EBITDA (Rs. Crores) 2,728 521 1,900 446 1,290 687 661 20 86 FY21 11.1% 303 3.1% 805 58 18 93 FY21 FY22 Total Revenue Mix (%) Electrical Others 23% 19% 36% 47% 35% 1% 5% FY21 29% 1% 3% FY22 -46 -2.4% PAT** (Rs. Crores) FY22 139 5.1% TM Power Mech Growth Unlimited FY21 FY22 Due to Covid-19, the figures do not represent normal quarter/operations and are not strictly comparable with last year or preceding quarter *High Margin Service Segment; ** PAT after Minority Interest 23#24Consolidated Profitability Statement TM Power Mech Growth Unlimited Particulars (Rs. in Cr) Q4FY22 Q4FY21 YOY Q3FY22 QoQ FY22 FY21 YOY Revenue from Operations 902 755 19% 646 40% 2,710 1,884 44% Other Income 3 5 4 17 16 Total Revenue 905 760 19% 650 39% 2,728 1,900 44% Material Consumed 111 113 77 334 270 Contract Execution Expenses 554 464 388 1,633 1,224 Employee Cost 127 95 108 423 322 Other Expenses 16 9 6 34 26 EBITDA EBITDA Margin Depreciation EBIT 98 79 23% 72 36% 303 58 421% 10.8% 10.4% 34 bps 11.0% -27 bps 11.1% 3.1% 806 bps 10 9 9 37 36 88 70 25% 63 40% 266 22 1,087% EBIT Margin 9.7% 9.2% 48 bps 9.6% 8 bps 9.8% 1.2% 859 bps Finance Cost 24 21 20 79 79 Share of profit of Associates 0 1 0 -2 -3 Profit before Tax 65 50 30% 43 50% 185 -60 NA PBT Margin 7.2% 6.6% 59 bps 6.7% 49 bps 6.8% -3.2% NA Tax 18 14 11 46 -11 PAT 47 36 31% 33 44% 139 -49 NA Minority Interest 0 0 0 1 -3 PAT after Minority Interest 48 36 32% 33 45% 139 -46 NA PAT Margin % 5.3% 4.7% 51 bps 5.1% 20 bps 5.1% -2.4% Other Comprehensive Income 0 1 1 0 1 Total Comprehensive Income TCI Margin % 48 37 31% 34 41% 139 -45 NA 5.3% 4.8% 47 bps 5.2% 7 bps 5.0% -2.4% ΝΑ EPS 32.36 24.24 22.35 94.49 -31.00 Due to Covid-19, the figures do not represent normal quarter/operations and are not strictly comparable with last year or preceding quarter 24 24#25Historical Performance Total Revenue Mix (Rs. Crores) EBITDA (Rs. Crores) & EBITDA Margin 13.5% 12.9% 13.4% 13.4% 12.9% 3.1% 11.1% 2,275 2,728 521 2,174 1,900 305 744 303 1,555 749 280 446 1,384 1,346 1,290 209 648 187 174 843 617 687 799 644 343 205 204 0 566 647 661 805 58 375 7 486 518 18 14 Erection Works 11-0- 11 35. 104 1477 20.86 18.93 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Civil Works FY16 FY17 FY18 FY19 FY20 FY21 FY22 O&M* Electrical Revenue Mix (%) PAT✶✶ (Rs. Crores) & PAT** Margin Others 5.4% 4.8% 5.1% 5.3% 6.0% -2.4% 5.1% 23% 19% 33% 34% 42% 48% 58% 139 131 36% 122 47% 22% 37% 28% 75 79 15% 65 15% 36% 33% 30% 35% 25% 29% 27% 0% 0% 1% -0% -1% -2% 5% 1% 7% 1% 5% 1% 1% 3% FY16 FY17 FY18 FY19 FY20 -46 FY21 FY22 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Due to Covid-19, the figures do not represent normal quarter/operations and are not strictly comparable with last year or preceding quarter *High Margin Service Segment; ** PAT after Minority Interest TM Power Mech Growth Unlimited 25#26Consolidated Profitability Statement Profit and Loss (Rs. in Cr) Revenue from Operations (Net of Excise) FY22 FY21 FY20 FY19 FY18 FY17 FY16 2,710 1,884 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 17 16 9 14 7 8 6 2,728 1,900 2,174 2,275 1,555 1,346 1,384 334 270 312 330 188 122 115 1,633 1,224 1,230 1,215 815 793 899 423 322 325 393 312 227 155 34 26 27 33 31 31 28 303 58 280 305 209 174 187 11.1% 3.1% 12.9% 13.4% 13.4% 12.9% 13.5% 37 36 39 46 43 41 39 EBIT 266 22 241 259 166 133 148 EBIT Margin 9.8% 1.2% 11.1% 11.4% 10.7% 9.9% 10.7% Finance Cost 79 79 74 55 36 33 33 Share in Profit/(loss) in JV and Associates -2 -3 2 2 0 1 0 Profit before Tax 185 -60 168 206 130 100 116 Profit before Tax Margin 6.8% -3.2% 7.7% 9.0% 8.4% 7.5% 8.4% Tax 46 -11 37 62 39 36 41 PAT 139 -49 131 143 91 65 75 Minority Interest PAT after Minority Interest PAT Margin % EPS 1 3 -1 22 11 0 0 139 -46 131 122 79 65 75 5.1% -2.4% 6.0% 5.3% 5.1% 4.8% 5.4% 94.49 -31.00 89.24 82.69 54.01 43.96 54.08 Due to Covid-19, the figures do not represent normal quarter/operations and are not strictly comparable with last year or preceding quarter Power Mech Growth Unlimited 26 TM#27Consolidated Balance Sheet Power Mech TM Growth Unlimited Assets (Rs. in Cr) Mar-22 Mar-21 Equity & Liabilities (in Rs. Cr) Mar-22 Mar-21 Non Current Assets 537 500 Total Equity 1,046 908 Property Plant & Equipments 173 165 Share Capital 15 15 CWIP 2 5 Reserves & Surplus 1,029 890 Right-of-Use Assets 5 7 Non-Controlling Interest 3 4 Goodwill 0 0 Other Intangible Assets 3 Non-Current Liabilities 207 127 Financial Assets Financial Liabilities (i) Investments 37 39 (i) Borrowings 35 16 (ii) Loans 0 0 (ii) Other Financial Liabilities 80 72 (iii) Other Financial Assets 304 257 (iii) Lease Liabilities 2 3 Deferred Tax Assets 12 22 Provisions 7 5 Other Non Current Assets Other Non Current Liabilities 83 32 Current Assets 2,060 1,770 Inventories 138 115 Current Liabilities 1,344 1,235 Financial Assets Financial Liabilities (i) Investments 2 2 (ii) Trade Receivables 667 534 (i) Borrowings 492 493 (iii) Cash 73 14 (ii) Trade Payables 539 513 (iv) Bank 77 51 (iii) Lease Liabilities 2 3 (v) Loan 6 6 Other Financial Liabilities 127 116 (vi) Other financial assets 545 564 Other Current Liabilities 182 109 Income Tax Assets 61 37 Provisions 2 1 Other Current Assets 492 449 Total Assets 2,597 2,270 Total Equity & Liabilities 2,597 2,270 Due to Covid-19, the figures do not represent normal quarter/operations and are not strictly comparable with last year or preceding quarter 27 22#28Consolidated Cashflow Statement Particulars (Rs. in Cr) Net Profit Before Tax Adjustments for: Non -Cash Items / Other Investment or Financial Items Operating profit before working capital changes Changes in working capital Cash generated from Operations Direct taxes paid (net of refund) Net Cash from Operating Activities Net Cash from Investing Activities Net Cash from Financing Activities Net Decrease in Cash and Cash equivalents Add: Cash & Cash equivalents at the beginning of the period Cash & Cash equivalents at the end of the period Due to Covid-19, the figures do not represent normal quarter/operations and are not strictly comparable with last year or preceding quarter Mar-22 Mar-21 185 -60 114 112 299 52 -61 96 238 148 61 26 177 122 -54 -47 -63 -91 60 -16 14 30 73 14 Power Mech Growth Unlimited 28 TM#29TM Power Mech . Mine Development & Operation Project from CCL • • • • Growth Unlimited Awarded a Mine Development & Operation (MDO) project from Central Coalfields Limited (CCL), a subsidiary of Coal India Limited, aggregating to Rs. 9,294 Crores over the contract period. Consortium of Power Mech Projects Limited and AMR India Limited wherein Power Mech is the consortium leader with 74% stake and AMR India will hold 26% stake. An SPV - M/s. KBP Mining Private Limited has been formed to undertake the project Duration of the contract is 25 years which includes two years of development period and marks the entry of a new strategic business unit The project has total coal extraction capacity of approximately 105 million MT with an annual capacity of 5 million MT and overburden removal during the project period is over 539 MBCM The material handling expertise of the Company in project development combined with the technical expertise of AMR in the field of greenfield mining project development, will greatly help in the overall development of the project which will result in achieving of the targets given by Coal Mining and Service Agreement. This project will strengthen the already robust order book even further and enable the Company to diversify its order book which is in line with its strategy to have an optimum mix between power and non-power segments. The project will add more than Rs. 400 crores annually to top line. With the revenue coming in from the O&M business and this MOO projects, we expect to witness sustainable revenue with higher margins in the future for longer period. 29#30Strong Order Inflow Rs. Crores Erection 1,538 FY16 13,525 4,638 1,795 2,106 2,771 1,952 FY17 FY18 FY19 FY20 FY21 FY22 O&M Electrical Works Civil & Other Works Mining Power Mech Growth Unlimited 0.0% 9.4% 22.8% 35.4% 29.2% 27.2% 37.1% 45.4% 29.8% 35.4% 36.4% 16.3% 18.0% 0.0% 6.5% 24.8% 0000000 67.9% 4.3% 23.2% 7.4% 18.0% 12.6% 24.7% 33.8% 65.7% 68.7% Power Non Power 89.5% 57.9% 83.2% 57.7% 92.6% 81.2% 100.0% ooooooo 10.5% 42.1% 16.8% 42.3% 18.8% The Company sourced MDO contract of Rs. 9,294 crores (executable over 25 years) during FY22 Order inflow during FY22 excluding MDO contract is Rs. 4,231 crores 30 TM#31Order Back Log Rs. Crores 8,855 7,333 3,524 3,705 4,268 4,783 4,575 18,149 FY16 FY17 FY18 FY19 FY20 FY21 31st Mar '22* 31st Mar '22** Erection Electrical Works Civil & Other Works Mining Power Mech Growth Unlimited 51.7% 2.1% 00000000 14.1% 51.2% Power 0.5% Non Power 9.1% 18.1% 31.2% 29.5% 34.0% 41.5% 20.3% oooooo00 81.9% 99.5% 90.9% 68.8% 70.5% 66.0% 58.5% * 79.7% - Excluding MDO contract 31 **Including MDO contract 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 OREMENOTE 5 PRO MI GUAL 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#34Power Mech TM Infrastructure Construction: Civil, Architecture & Railway Works Growth Unlimited 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 Thank You TM Power Mech Growth Unlimited 38