~'<<t>l"i ~.

-c'<;i ~l"icl ~~~'5

1/ffon (1lffif m<PR q)f ~)
~l!!li'H
IRCON INTERNATIONAL LIMITED
(A Govt. of India Undertaking)
An integrated Engineering and Construction Company

IRCON/SECY/STEX/124 12th November, 2020

BSE Limited National Stock Exchange of India Limited
Listing Dept./ Dept of Corporate Services Listing Department
Phiroze Jeejeebhoy Towers Exchange Plaza, Plot no. C/1, G Block
Dalal Street Sandra -Kurla Complex,
Mumbai - 400 001 Sandra (East) Mumbai- 400 051
Scrip code /ID: 541956/IRCON Scrip Code: IRCON

Sub: Intimation of Investor Presentation- Q2 & H1 FY21

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015, please find attached the copy of Investor Presentation on quarter & half
year ended on 30 1h September, 2020.

Please take note of above information on record .

Thanking you,

Yours faithfully,
For lrcon International Limited

~~
(Ritu Arora)
Company Secretary & Compliance Officer
Membership No.: FCS 5270

~ ~ : ~- 4. ~ ~- ~- ort ~ - 110017. 'l1ffiJ

Registered . Office : C-4, District Centre, Saket, New Delhi - 110017, INDIA
Tel. : +91 -11-29565666 Fax : +91 -11 -26854000, 26522000 I E-mail : info@ircon .org Web : www.ircon.org
CIN : L45203DL 1976801008171
~
ll-Wo-A
~
IRCON
INTERNATIONAL LTD
Q2 & H1FY21 INVESTOR PRESENTATION
Index

Financial Highlights

Performance Indicator

Financials

Order Book

Projects
New Projects
Awards
COVID-19 Impact
Financial
Highlights

3
Q2FY21 Financial Highlights
• Rs. 965.57 crore
• Growth of 102.30 % (Q-o-Q)

Revenue from
Operations

• Rs. 1.62 per share* • Rs. 66.04 crore

Earnings Per
• Growth of 90.60 % (Q-o-Q) Share • Growth of 95.27 % (Q-o-Q)
Core
* Face Value Rs. 2 Per Share EBITDA

Profit After Tax

Profit Before Tax

• Rs. 76.21 crore • Rs. 103.54 crore

• Growth of 91.10 % (Q-o-Q) • Growth of 72.20 % (Q-o-Q)

4
FY20 Financial Highlights
• Rs. 5202.45 crore
• Growth of 17.80% (Y-o-Y)

Revenue from
Operations

• Rs. 476.54 crore

• Rs. 10.2 per share* Earnings Per • Growth of 26.10% (Y-o-Y)
* Face Value Rs. 2 Per Share Share Core
EBITDA • Margin stood at 9.16%
• Growth of 60 Bps (Y-o-Y)

Profit After Tax

Profit Before Tax

• Rs. 489.78 crore • PBT at Rs. 672.57 crore

• Growth of 10.1% (Y-o-Y) • Growth of 9.30% (Y-o-Y)
• PAT Margin at 9% • PBT Margin at 12.36%

*IRCON underwent 1:5 Stock spilt in April 2020 5

Performance
Indicators

6
Q2FY21 Performance Indicators (Rs. crore)

Revenue from Operations Core EBITDA

1500 80 66.04

965.57 60
1000
40 33.82
477.35
500
20
0 0
Q1FY21 Q2FY21 Q1FY21 Q2FY21

Profit Before Tax Profit After Tax

150 100
76.21
103.54 80
100 60
60.13 39.88
40
50
20
0 0
Q1FY21 Q2FY21 Q1FY21 Q2FY21
7
FY20 Performance Indicators (Rs. crore)

Revenue from Operations Core EBITDA

6000.00 5202.45 600
476.54
5000.00 4415.10
378.01
4000.00 400
3000.00
200
2000.00
1000.00 0
FY19 FY20 FY19 FY20

Profit Before Tax Profit After Tax

700 672.57 500 489.78
444.68
650 450
615.18
600 400
550 350
500 300
FY19 FY20 FY19 FY20
8
Financials

9
Q2 FY21 Income Statement (Standalone)
Note: IRCON underwent 1:5 Stock spilt in April 2020

INCOME STATEMENT (INR Cr) Q2-FY21 Q1-FY21 Q-o-Q Q2-FY20 Y-o-Y

Operating Revenue 965.57 477.35 102.30 % 1161.12 (16.80%)
Total Expenses (Excl. Depreciation & 899.53 443.53 102.80%
1071.76 (16.10%)
Finance Cost)
Core EBITDA 66.04 33.82 95.30% 89.36 (26.10%)
Core EBITDA Margins (%) 6.84% 7.08% (24 bps) 7.70% (86 bps)
Depreciation 6.27 6.22 (0.80%) 2.94 113.30%
Finance Cost 5.82 3.60 61.70% 6.10 (4.60%)
Other Income 49.59 36.13 37.30% 56.89 (12.80%)
Profit Before Tax 103.54 60.13 72.20% 137.21 (24.50%)
Tax 27.33 20.25 35.00% 49.51 (44.80%)
Profit After Tax 76.21 39.88 91.10% 87.70 (13.10%)
PAT Margin (%) 7.51 7.77% (26 bps) 7.20 31 bps
Other Comprehensive Income 0.70 (1.65) (142%) 2.03 (66%)
Total Comprehensive Income 76.91 38.23 101% 89.73 (14%)
EPS Diluted (INR) (Face Value Rs. 2 each) 1.62 0.85 1.86 10
(12.90%)
90.60%
FY20 Income Statement (Standalone)
*IRCON underwent 1:5 Stock spilt in April 2020

INCOME STATEMENT (INR Cr) FY20 FY19 Y-o-Y

Operating Revenue 5202.45 4415.10 17.8%
Total Expenses (Excl. Depreciation & Finance 4725.91 4037.09 17.1%
Cost)
Core EBITDA 476.54 378.01 26.1%
Core EBITDA Margins (%) 9.16% 8.56% 60 bps
Depreciation 15.93 11.70 36.2%
Finance Cost 27.31 15.57 75.4%
Other Income 239.27 264.44 (9.5%)
Profit Before Tax 672.57 615.18 9.3%
Tax 182.79 170.50 7.2%
Profit After Tax 489.78 444.68 10.1%
PAT Margin (%) 9.00% 9.50% (50 bps)
Other Comprehensive Income (2.95) (7.79) 62.1%
11
Total Comprehensive Income 486.83 436.89 11.4%
EPS Diluted (INR)* (Face Value Rs. 2 each) 10.42 9.46 10.2%
Order Book

12
Order Book as of September 30th 2020

Rs. 29,890.40 crore

Rs. 1417.44 crore Railways 95.47%

4.53
Highways

Total Order Book: Rs. 31,307.84 Crore

13
Order Book - Geographical Break-up

Rs. 30,187.57 crore

DOMESTIC 96.42%
Rs. 1120.27 crore

3.58%
INTERNATIONAL

14
Order Book – Nomination Vs. Bidding

Rs. 24,926.19 crore

NOMINATION 79.62%
Rs. 6381.65 crore

20.38%
BIDDING

15
Projects

16
Projects

17
Projects

18
New Projects

19
New Projects

In Q2FY21, IRCON has won two orders worth approx. Rs. 2300 Crore.

1. Work order for construction of nine Road over Bridges worth more than Rs. 400 crore from
Ministry of Railways, Government of India on competitive bidding basis among the PSUs.

2. Railway Electrification Works for various routes of 2251 Route Kilo meter (RKM) worth
approx. Rs.1900 crore on competitive bidding basis among PSUs from the Ministry of
Railways, Government of India.

20
Awards

21
Awards – FY20

7th FICCI Quality Systems Excellence Award for Industry

Category: Good practices in Quality Systems

Golden Peacock Award

Category: Risk Management

Golden Peacock Award

Category: Corporate Social Responsibility

16th National Awards - 1st Prize Excellence in Cost Management

Category: for Infrastructure and Construction Services

7th PSU Governance Now Award

Category: Increasing Geo - Strategic Reach Award

22
Awards – FY20

ET NOW: World HRD Congress Award

Category: National Best Employer Brand Award

ET NOW: Stars of the Industry Award

Category: Talent Leadership Award - For Excellence in HR
(Organisational Award)

ET NOW: World HRD Congress Award

Category: Business Leader of the Year Award to CMD IRCON

SKOCH Order of Merit

Category: Capacity Building & Training (HRM)

SKOCH Order of Merit

Category: Shivpuri - Guna Highway Project
23
Awards – FY20

SKOCH Order of Merit

Category: Mechanization of Track Laying Process through
Automatic NTC Machine

Institute of Economic Studies (IES) Award, Sri Lanka

Category: Outstanding Global Leadership Award to CMD IRCON

ET NOW: Stars of the Industry Award

Category: CEO with HR orientation Award to CMD IRCON

7th PSU Governance Now Award

Category: PSU Leadership Award to CMD IRCON

24
COVID-19
Impact

25
COVID-19 Impact

• The Company is actively monitoring the impact of the Covid-19 pandemic on its financial condition, liquidity,
operations, work force etc.

• The Company has been able to resume operations at various project sites from the beginning of May’2020 in
a gradual manner. The Company has made substantial improvement in its revenue from operations in the
second quarter of 2020-21 as compared to the previous quarter (Quarter ended 30, June'2020).

• The Company expects to recover the carrying amount of its assets comprising property, plant and
equipment, investment properties, intangible assets, right of use assets, inventory, advances, trade
receivables, deferred taxes, other financial and non-financial assets etc. in the ordinary course of business
based on information available on current economic conditions.

• The Company will continue to monitor closely any material changes to future economic conditions, while
steps are being taken to improve its working efficiencies.

26
Safe Harbour

No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of
the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation.

Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the
currently held beliefs and assumptions of the management of IRCON (“Company” or “Ircon International Ltd.”), which are expressed in good faith and in their
opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and
future developments in its industry and its competitive and regulatory environment.

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition,
performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements
expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment
and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and
other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any
obligation to update these forward-looking statements to reflect future events or developments.

This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular
person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States.
No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any
securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or
pursuant to an exemption from registration there from. This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any
manner.

Concept IR Disclaimer: Concept IR is an Independent Investor Relations Management Service company. This Presentation has been prepared by Concept IR
based on information and data which the Company considers reliable, but Concept IR and 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. Concept IR also hereby certifies that the directors or employees of Concept IR do not own any
stock in personal or company capacity of the Company under review.
27
 For Further
Information

THANK Shri. Surajit Dutta

CGM Finance & Chief Investor Relation Officer
Ircon International Limited

YOU Tel: 011-26530459

E-mail: surajit.dutta@ircon.org

Gaurav Girdhar / Irfan Raeen

Concept Investor Relations
Tel: +022 40558900
M: +91 7798232425 / +91 9773778669
E-mail: gaurav.g@conceptpr.com / irfan@conceptpr.com

28