hindustan construction co ltd corporate...

Hindustan Construction Co Ltd

Corporate Presentation

2

BRIEF OVERVIEW

HCC Group – Brief Overview

Leading engineering, construction and

infrastructure development company

88 years track record of successful execution of

large & complex infrastructure projects of national importance.

Well Diversified E&C Order Book – INR 143,073 mn

Over Rs 55,000 mn (US$ 924 mn) of Transportation concessions assets

Lavasa CorporationHCC HCC Real EstateSteiner AG, HCC

Innovating and responding to

India’s immense infrastructure requirements

Developing Planned Hill City – Lavasa

23,014 acres notified area – 10,868 acres land available for development

3

Acquired and turned around Steiner AG

Switzerland’s one of the largest total services contracting and real estate

development company ~ 10% market share in Switzerland

Lavasa Corporation

Urban

Development and

Management

HCC

Engineering and

Construction

(E&C)

HCC Real Estate

Integrated Real

Estate

Development

Steiner AG,

Switzerland

Real Estate

Development

Total Services

Contractor

HCC

Infrastructure

Infrastructure

Concessions

in PPP / BOT

Strong Shareholder Base – Stable Investor Profile

Promoter

44%

FII

13%

Mutual Funds

2%

Insurance

1%

Market Statistics*

Share Price Market Capitalization

Public

40%

* As of December 31, 2014; 1 USD = INR 63.42

23,014 acres notified area – 10,868 acres land available for development

As of March 5, 2015 INR Mn US$

Share Price (INR/ US$) 37

Market Capitalization (USD MM) 23,896 376

Infrastructure Conglomerate with presence across the spectrum

� Focus on EPC work in Hydro Power, Water Solutions, Transportation and Nuclear/Thermal Power & Process Plants

� Key Projects include Mumbai-Pune Expressway, Kudankulam Nuclear Plant, Bandra-Worli Sea Link, Delhi & Calcutta Metros,

Haldia Docks Project etc

Engineering and Construction

� A planned new city, spread across 10,000 acres development; Planned for a permanent population of around 240,000

residents and approximately 2 million tourists per annum

� 1600 acre Town 1 near completion - 12+ msf sold including ~2,900 residences

� HCC Holding 68.7% through 100% subsidiary, HREL

Lavasa

� One of the leading Swiss real estate service providers; acquired by HCC in 2010

Steiner AG, Switzerland

An innovator responding to India’s immense infrastructure requirements4

� One of the leading Swiss real estate service providers; acquired by HCC in 2010

� Comprehensive experience in the development, planning and implementation of complex real estate and demanding

renovation and restructuring projects

� ~US$ 1 bn worth six NHAI concessions (four operational & two under construction)

� Xander Group invested INR 2,400 mn (~US$ 40 mn) for a 14.5% stake in 2011

Infrastructure Concessions

� Residential/Commercial development including new urban development & management projects

� Developed 247Park, a LEED certified gold-rated green building;

� Holds 68.7% in Lavasa

Real Estate

Group Structure

HCC Mauritius

Investment

Limited (HMIL)

HCC Mauritius

Enterprises

Limited (HMEL)

HCC

66%

68.7% 100%

LAVASA Charosa Wineries

Highbar

Technologies

Ltd

HCC

Infrastructure

85.5%

HCC Concessions34%

HREL

100% 100% 100%100%100%

5

Construction

Partner

Steiner AG

Switzerland

66%

Steiner India

Ltd

100%

Raiganj

Dalkhola

NH-34

Delhi

Faridabad*

NH-2

Farakka

Raiganj

NH-34

Nirmal

Annuity*

NH-7

Dhule

Palesner*#

NH-3

Beharampore

Farakka *

NH-34

34%

* Operating Road SPVs #60% Economic Interest

100% 100% 100% 100% 100%36%

HCC Group – Highly Experienced Leadership Team

Member of Governor’s Steering Board of

Infrastructure and Urban Development Community

at the WEF, Geneva.

Chairman of the Governing Council of the

Construction Skills Development Council of India and

Ajit Gulabchand

CMD - HCCManaging Director of Steiner AG

Masters Degree in Construction Management

from NICMAR with over 18 years of experience in

Infrastructure and Real Estate Sector

Rajgopal Nogja

Group COO & WTD, HCCA Chartered Accountant with over 32

years of experience in Finance, Accounts,

Taxation and Insurance across various

sectors

Praveen Sood

Group CFO & EVP Post Graduate in HRM and is a Law

Graduate with over 30 years experience

across all facets of Human Resources

Strategy, Development, Processes and

Operations

Aditya Jain

Group EVP - HR

6

Construction Skills Development Council of India and

President of the Construction Federation of India

Operations

Arjun DhawanPresident & CEO – HCC Infrastructure Limited

MBA from Harvard Business School and worked

Managing Director of Arya Capital

Henry Muhr

CEO – Steiner AG

Masters in Engineering and previously

held leading positions in Bouygues Group,

France & Germany

Arun Karambelkar

President & CEO – HCC E&C

Masters in Material Management.

30 Years of Diverse Experience

S Narayan

President & CEO – Lavasa

Post Graduate in Management and B.Tech

from IIT with over 40 years of experience in

Real Estate and Infrastructure domain

HCC Group well positioned to capture India Infrastructure Opportunity

10

20

40

20%

30%

50%

X Plan

FY 02 - FY 07

XI Plan

FY 08 - FY 12

XII Plan

FY 13 - FY 17

Investments in Rs Lakh Crores Share of Private Sector

Power

32%

Roads

13%Telecom

17%

Railways

10%

Irrigation

12%

Urban Water

5%

Ports

2%

Airports

2%

Oil & Gas

7%

Infrastructure Investments – XII Plan

Share of Private Sector growing in Infrastructure Power & Transportation to lead growth

7

17%… which in-turn is expected to revive EPC orders

� HCC has a strong presence in all the major infrastructure sectors

� Past track record of undertaking and successfully executing

complex projects helps HCC meet pre-qualification criteria

� Experience in niche areas like Nuclear Power plant, mountain

tunneling, metro rail will help garner additional market share in

high margin projects

Source : Ministry data

Favorable Government Intent : “Taking urbanization as an opportunity rather than a challenge, the

government will build 100 cities”Hon’ble President, Government of India, June 9, 2014

8

BUSINESS OVERVIEW: E&C

Nearly a century's heritage in construction

• 25%+ of India’s Installed hydel power capacity

• 46 Dams & Barrages

• Over 288 kms of Tunnelling

• 50% of India’s nuclear power installed capacity

• 18 Thermal Power Projects & 3 Gas based Power Projects

• Over 3,500 Lane Km Expressways, Highways

• Over 350 Bridges

• India’s first & second MRTS & multiple railway tunnels

• 7 irrigation dams, 19 barrages, 35 Water treatment plants

HCC – Leading Position across the Spectrum of E&C

• Vast presence and gained recognition in the sectors of

Hydro Power, Water Solutions, Transportation and

Nuclear Power.

• Accomplishments in geologically complex area

• Predominantly public sector clients, leading to high

degree of revenue assurance

Leading Position across the Spectrum of E&C

~ Rs. 100,000 Mn of claims pending at various stages

Well Diversified Order Book – Rs. 143,073 Mn – 90% Government Clients – 53 ongoing projects

Hydro power Water Solution Nuclear Power &Special Projects Transport

10 Projects

Rs. 39,107 Mn

16 Projects

Rs. 32,849 Mn

1 Project

Rs. 5,865Mn

8 Projects

Rs. 7,106 Mn

18 Projects

Rs. 58,146 Mn

HCC – Strong 88 Year Track Record

1926 1956 1961 1971 1976 1988 1996 2000 2009 2012

Bhorghat

Tunnel, Mah.

India's first

railway tunnel

Maithon

underground power

station

India's first

underground hydro

powerstation

Bhilai Steel Plant,

MP

India's first

integrated 1 million

T Steel Plant

Rajasthan Atomic

Power Project, Units

1&2

India's first

indegenously built

Nuclear Power Plant

Idukki Dam, Kerala

India's second

highest concrete

dam. First and only

double curvature

arch dam in India

Kadamparai Pumped

Storage Project, TN

India's first and fifth

largest pumped

storage project

Kolkata Metro

Rail project

India's first

Metro Rail

Project

Nathpa Jhakri Head Race Tunnel,

HP

Longest operating single power

tunnel of length 27 Km. HCC bult

a 16.23 km long portion which is

third longest tunnel part to be

built under a single contract

Mumbai Pune Expressway,

Section B, Chowk to Adoshi,

Maharashtra

India's first concrete

pavement expressway

Bandra Worli

Sealink, Mumbai

India's first cable

stayed bridge to be

built across open sea

Godavari Lift Irrigation

Project, Phase I

Asia's second largest in terms

of Static Lift

10

20131954 1959 1962 1975 1981 1989 1997 2001 2005 2010

Vaitarna

Concrete

Dam, Mum.

India's first

concrete

gravity dam

Mokameh

Bridge, Bihar

India's first road

cum rail bridge

Guwahati Oil

Refinery, Assam

India's first Public

Sector Petroleum

Refinery

Rihand Concrete

Dam, UP

11th highest concrete

dam in India, one

amongst the largest

irrigation projects in

North India

Yamuna Hydro-

electric Project,

Uttarakhand

India's first

underground hydro

powerstation built

in Himalayas

Bhandup Water

Treatment Plant, Mum.

"India's largest water

treatment plant.

Capacity 1910 MLD"

Kapurthala Rail

Coach Factory, Punjab

India's largest Rail

Coach Factory

Godavari Rail

Bridge, AP

India's first & only

bow string arch

girder bridge

Ennore Port Project -

Construction of 4 km long

breakwaters

India's longest breakwaters

Tirupur Water

Supply Scheme, TN

India's first private

sector water supply

scheme

Kudankulam Nuclear

Power Project, TN

India's largest Nuclear

Power Plant, 2000 MW

capacity

Pir Panjal Tunnel, J&K

India's longest railway

tunnel

Track record of executing some of India’s Landmark Projects (1/2)

India’s largest Nuclear Power Plant

(2 X 1000 MW)

• Located at an altitude of 11,000 ft

• Highest location in world for SAP

implementation (2012)

Kundankulam Nuclear

Power Plant, Units 1&2Nimoo Bazgo HEP

India’s first and only double

curvature arch dam (1977)

Idukki Dam

Involved in all stages 1&2 (1973),

3&4 (2000), 5&6 (2006), 7&8 (under

Rajasthan Atomic Power

Plant

11

Built 25%+ of India’s Installed hydel power capacity - 46 Dams & Barrages and over 288 kms of Tunnelling; 50%

of India’s nuclear power installed capacity; 18 Thermal Power Projects & 3 Gas based Power Projects

curvature arch dam (1977)

366 m X 167.5 m

3&4 (2000), 5&6 (2006), 7&8 (under

construction)

• Located at an altitude of 7,000 ft

• 2nd highest location in world for

SAP implementation (2012)

Chutak HEP, J&K

Largest power project in Bhutan

Capacity - 1020 MW

Tata Hydel Power Project,

Bhutan

Track record of executing some of India’s Landmark Projects (2/2)

India’s longest rail tunnel - 10.96 km

in length, located in Jammu &

Kashmir

Pir Panjal Rail Tunnel

• Longest cable-stayed bridge in

India

• 5,600 m Long

Bandra-Worli Sea Link,

Mumbai

One of Asia’s largest Capacity – 1,910

MLD

Bhandup Water Treatment

Plant, Mumbai

India’s first all concrete dam with

pre-cooled aggregate & 100%

Vaitarna Dam, Mumbai

12

MLD

India’s first concrete pavement,

access controlled expressway project

Mumbai-Pune Expressway

pre-cooled aggregate & 100%

crushed sand

India’s first underground metro rail

(1996)

Kolkata Metro Rail

Built over 3,500 Lane Km Expressways, Highways; over 350 Bridges; India’s first & second MRTS & multiple

railway tunnels; 7 irrigation dams, 19 barrages, 35 Water treatment plants

Steady Growth in High Quality and Well Diversified Order Book

Product Mix Client Type

Govt. and PSUs

95%

Others

5%

Hydro

27%Transpor

tation

Water

21% NTP

10%

Utt'khan

d

17%

APJ&K

WB

11%

Assam

7%

Delhi

6%

RJ

5%

MH

4%

Bihar

3%

K'taka

3%

Manipur

3% Bhutan

2%

Others

5%

Geographic Mix

13 Strong Revenue visibility with order book of ~Rs. 143,073 Mn of and L1 orders ~Rs. 33,440 Mn

• Order Book comprises of predominantly public sector clients, leading to high degree of revenue assurance

• Well diversified services and geographic mix

• Increasing foray into Nuclear and Thermal Projects will add to margins

• Focusing on projects with higher threshold limits

• Larger value Hydro Power and Nuclear Power and Transport projects as they are technically complex, allowing for greater value

addition

• Transportation - focus is now on MRTS, large roads & bridges

• Balancing between Government Project and Private Projects as intended

27%tation

42%AP

17%

J&K

17%

Claims Recovery Process and Status

Claims Realization Process Challenges in Realization of claims

Engineer

Employer / Client

DRB

Stage Hurdle Mitigation Measures

Engineer StageNo Time Bound Decision Raising the issue to next level on

expiry of time specified in the

contractMove to next level for recommendation

Employer StageNo decisions out of fear of CVC,CAG & CBI Raising the issue to next level on

expiry of time specified in the

contractLack of experience & resources

DRB

Inability to give decision within the prescribed

time due to volume Matter is referred to Arbitration

after lapse of 56 days/time

14 Over Rs. 100,000 Mn of claims pending at various stages

DRB

Arbitration

Court

Collection

DRBtime due to volume

after lapse of 56 days/time

specified period as per contractRecommendations not honored by Employer

Arbitration

Delay in submissions by EmployerTimely appointment of

experienced Arbitrators

Frequent Changes of Counsels Define timeline for settlement

Every Reward is being challenged in the courtPursuing Client & Arbitrators to

avoid adjournments

Court

Tendency to appeal against the court judgementsAppointment of best advocates

having relevant experience

Errors in judgements on Technical matters Follow up claim Calendars

15

BUSINESS OVERVIEW: LAVASA

~240,000residents*

~80,000employment generation*

~2,000,000tourists*

Part of Mumbai – Pune Corridor Delivery Record

12+ msf sold including ~2,900 residences$

~1600 acre Town 1 near completion

56 businesses (33 institutions and 23 subsidiaries / associates)

~566 acres sold / leased

5,174 on-site workforce#

23,014 acres

notified area

10,868 acres in place**

10,006 acres planned development

Special Planning Authority

Lavasa – Planned Hill City

365 day economy planned

Live – Work-Learn – Play

Infrastructure ResidentialRetailTourism & Leisure HospitalityCommercial &

InstitutionalEducation Healthcare

Infrastructure – In Place

*Based on management estimates of 10,006 acre development.** Includes area purchased, leased and under Memoranda of Understanding. #Includes construction workforce, employees of subsidiaries & associates and employees of Steiner India, as on June 17, 2014. $Residences includes villas, apartments, plotted developments, workforce housing and hostel units.

Lavasa - Masterplan Advantage

TamhiniTo Pune / Hinjewadi

NiveTo Kolad(Mumbai – Goa highway / Dighi)

To Lonavala / Mumbai

Mugaon Tunnel (Proposed)

Mugaon, Bhoini, Koloshi, Ugawali

Dhamanhole, Gadle Others*�� ~5 km

Dasve

Pune36,455 acres

Pune Municipal Corporation

Gandhinagar

95,876 acres

Mumbai108,160 acres

Municipal Corporation of Greater Mumbai

Boundary of 18 Villages

Area notified as Hill Station

Warasgaon Lake

Forest

Source: Refer End Notes

*Other Villages = Pathersehjet, Admal, Padalghar, Bhode, Palase, Bembatmal, Mose (Bk), Saiv (Bk), Warasgaon

Sakhari, Wadavali

~20 km0 km

~149 mn sq ft Saleable Area

Social – 11%

Institutional –16%55%

Residential Hospitality –8%

Commercial – 9%

Lavasa

23,000 acres

Naya Raipur

19,800 acres

Chandigarh

28,170 acres

Gurgaon

83,338 acres

0

10

20

30

40

50

60

70

80

90

100

Till 2014 2015-19 Next 8-10 years

Residential Commercial Hospitality Institutional Social

Coordinated Development Plan

Mixed Use,

with front loaded economic

drivers

Residential demand, driven

by economic drivers, THL &

MICE

million sq ft

12

47

90*

*Subject to receipt of all approvals

Residential Commercial Hospitality Institutional Social

Impetus on institutional activity to stimulate residential demand

Initial sales to subsidiaries & associates catalyzes development

ITC FortunePromenade Retail Ecole Hotelier Lavasa Convention CentreApollo Hospital

Every sq ft of institutional development is expected to lead to demand for ~2 sq ft of residential

Lavasa – 2007

Promenade Site

Dasve

Water Treatment Plant Site Dasvino Town & Country Club Site

Convention Centre Site

Dasve Dam Site

Actual Site Photographs

Lavasa – 2014

Promenade

Dasve Town Lavasa International Convention Centre

Dasvino Town & Country ClubDasve DamWater Treatment PlantActual Site Photographs

Lavasa – Execution Track RecordR

esi

de

nti

al

566 acres

Sales record across Towns… … and Products

Construction Completed

Launch

2,321 (3.6 msf)Sold

711 units

MugaonDasve

1835 units

486 units

kk

Apartments

(1673)

Villas

(513)

Plots (135)

Sales Track Record

First town sales substantially completed – Sales commenced in second town

Land Area (acres)

566 acres

Rental

Housing

Based on data as on June 16, 2014

Institutional (182)

Commercial

Hospitality (45)

Social (320)

FSI Area

Third Parties 3.51

msf

SPVs

3.79 msf

Non-Residential

Construction

Total

8.57 msf

1.27 msf

No

n-R

esi

de

nti

al

Lavasa – Tourism, Hospitality & Leisure Destination

Tourism, Leisure & Sports Destination

2,000,000 annual footfalls expected (significantly across Dasve & Mugaon)

Operational – Current Footfalls – 750,000+ (FY 14)

Major hospitality hub in the region 1,538 keys

Operational

Under Development

25

3 k

eys

Tie upsUnder Development

Tie ups

J VoraHotels & Resorts

Cricket

Academy

Steve Redgrave Rowing Academy

Tennis

Academy

50

6 k

eys

77

9 k

eys

HazelHotels & Resorts

India Theme Park

Golf Course &

Training Academy

Indoor Theme Park Water Park

Lavasa – Education Destination

K-12 Schooling Higher Education

Vocational Training

Operational & Tie-up Institutes – Planned capacity of 2,700+ students

Lavasa – Development with Ecosystem partners

Corporate Retail City Services

200 acres – Health & Wellness Development

Healthcare

40.55 acres

Services

Lavasa Highlights

� Urbanization – Driven by Economic Growth

� Demographic and Economic Shift

� Existing Cities have limited growth space

� New Cities needed

Economic and Demographic Opportunity

� Location Advantage – Mumbai Pune

Corridor

� Land contiguity

� Special Planning Authority

� First Mover Advantage – Entry Barrier

Advantageous Position

� Diversified Business Model

� Integration of Businesses

� Economic Drivers

� Initial focus on infrastructure creation –

monetization potential

� Intellectual Property – Replicable

Business Model

� Brand & Awareness

� Connectivity & City-level Infra

� Ecosystem - Hospitality, Tourism, Education,

Health, Institutional

� First town Dasve substantially developed –

Second town under development

Significant Development Completed

BUSINESS OVERVIEW: STEINER

Steiner AG: An Introduction

� Headquartered in Zurich, Steiner AG is a leading Real Estate Developer and

Total Services Contractor in the Swiss real estate market

� Specializes in turnkey development of new buildings and renovation of

existing properties.

� Rich experience in development and construction of high quality buildings

� Key markets: Switzerland, with plans to enter selected European markets

� Acquired by HCC in 2010; Business was loss making when acquired -

returned to profitability with in 11 months of acquisition

UBS Switzerland

27

� Revenue of INR 52,947 Mn (CHF 797.6 Mn) for FY 2013-14, having cash /

bank balance over CHF 100 Mn

� Steiner India Ltd, subsidiary of Steiner AG incorporated in October 2012 has

registered a turnover of INR 450 Mn in FY 2013-14

— Execution and planning of Lavasa project and implementation of third-

party projects in Mumbai, Delhi and Bangalore areas

WEF, Geneva

Credit Suisse, Zurich

Steiner AG : Business Overview

28

� Total- and General

Contractor

� Design and Build


Contractor


� Integrated Real

Estate Development


Contractor


� Development

Partner

New Construction Renovation & Refurbishment Real Estate Development Steiner India

29

BUSINESS OVERVIEW: INFRA CONCESSIONS

Infra Concessions: Attractive Asset Portfolio of ~INR 55,000 mn

NH 7 – 30 Km

Asset Value: Rs.3,150 mn ($53 mn)

Concession Period – 20 years

Operational

NH 34 – 101 Km



Operational

Baharrampore-Farakka Highway,

West BengalNirmal Annuity, Andhra Pradesh

Farakka-Raiganj Highway,Delhi Faridabad Elevated

� Leading developer delivering the highest standards of commercial and public service in transportation, power & water infrastructure concessions

� In 2011, the Xander Group invested INR 2,400 mn ($40 mn) for a 14.5% stake in HCC Concessions

30

NH 2 – 4.4 Km


Concession Period - 20 years

Operational

NH 3 -89 Km


Concession Period - 18 years

Operational

NH 34 – 102 Km



To be operational shortly

NH 34 – 50 Km



Under Construction

West Bengalexpressway

Dhule-Maharashtra /MP borderRaiganj-Dalkhola Highway,

West Bengal

Exchange Rate 1US$ = Rs 60

FINANCIAL OVERVIEW

31

FINANCIAL OVERVIEW

HCC Standalone Financials

Profit & Loss (Rs Mn) FY 12 FY 13 FY 14

Revenue incl. other Income 41,110 39,522 42,561

Total Operating Expenses 34,680 34,683 34,126

EBITDA 5,530 4,984 8,435

EBITDA Margin 13.5% 12.6% 19.8%

Finance Cost 5,431 5441 6,079

Depreciation 1,621 1,634 1,446

PBT -3,184 -1935 909

Profit / (Loss) -2,222 -1376 806

32

Balance Sheet (Rs Mn) FY 12 FY 13 FY 14

Shareholders’ funds 12,948 11,628 12,634

Borrowings 44,568 46,279 48,170

Non Current Liabilities 1,835 1,408 1,594

Current Liabilities 28,791 25,975 23,559

Total Liabilities 88,142 85,290 85,957

Fixed Assets 11,502 10,226 9,203

Non Current Assets 25,109 24,815 29,888

Current Assets 51,531 50,249 46,866

Total Assets 88,142 85,290 85,957

HCC Consolidated Financials

Profit & Loss (Rs Mn) FY 12 FY 13 FY 14

Revenue incl. other Income 82,467 86,247 98,425

Total Operating Expenses 77,323 80,557 88,169

EBITDA 5,120 5,690 10,257

EBITDA Margin 6.21% 6.70% 10.60%

Finance Cost 8,325 9,003 10,914

Depreciation 2,618 3,140 3,069

PBT -7,487 -6,298 -3,727

Profit / (Loss) -5,301 -4,825 -2,774


33


Shareholders’ funds 7,609 5,155 5,562

Minority Interest 3,398 3,279 1,981

Borrowings 87,636 99,687 111,500

Non Current Liabilities 4,180 3,533 3,380

Current Liabilities 41,910 40,459 41,102

Total Liabilities 144,733 152,114 163,525

Fixed Assets 52,728 59,732 68,787

Non Current Assets 12,975 14,414 16,606

Current Assets 79,030 77,968 78,132

Total Assets 144,733 152,114 163,525

DELEVERAGING INITIATIVES

34

DELEVERAGING INITIATIVES

Strong Focus on Deleveraging Balance Sheet

Appointed specialized team of Lawyers and experienced employees for faster recovery of claims due at various levels

Claim Recovery : Aggressive recovery of Claims due of over Rs.100,000 Mn

Strong Focus on Reducing Leverage through 3 Point Agenda

Asset Monetization : Management focused on monetizing Non-Core Assets in a manner which

is value accretive to shareholders

35

Announced intentions to sell few mature Infra assets and Real Estate Assets (including 26% shareholding in 247 Park)

is value accretive to shareholders

Resolution passed for a QIP of up to Rs 7,500 Mn

Equity Raise at Parent and Subsidiary level

DRHP filed for IPO of Lavasa of up to Rs 7,500 Mn

Well placed to leverage on the Indian

Infrastructure growth story

Proven expertise in niche sectors – Nuclear Power,

Mountain Tunneling, Metro Rail

Strong and Well Diversified Order book

INR 143,073 mn High Emphasis on debt reduction

Execution Track Record in Technically Complex

Projects

HCC – Well positioned to get back on the growth path

One of the leading Infrastructure Company in India

with 88 yr track record

36

Multi-pronged De-risking Strategy

Multi-Geography Focus Multiple Business Streams Multi-Sector Approach

Claims realization, Monetization of assets

and Equity fund raising

Increasing Focus on Complex and High Margin

Business

Thank You

Hydro Power

URI-II HEP Nimoo Bazgo HEP Chutak HEP

38

Tala HEP Nathpa Jhakri HEP Yamuna Powerhouse

Nuclear Power & Special Projects

Kudankulam Nuclear Power Plant Rajasthan Atomic Power Plant Ennore Port

39

Cochin Oil Tanker Terminal Haldia Dock Tata Thermal Power Plant

Water Solutions

Bhandup Water Treatment Plant Saurashtra Branch Canal Gosikhurd Spillway

40

Kutch Branch Canal - II Middle Vaitarna Pipeline Maroshi Ruparel Tunnel

Transportation

Pir Panjal Rail Tunnel Delhi Faridabad Elevated expressway Mumbai Pune Expressway

41

Bandra Worli Sea Link Delhi Metro Rail Project NH-34

EPC Projects

Kishanganga HEP Delhi Metro Rail (C1) Polavaram Project, Right Main Canal

42

� Disclaimer

Lavasa Corporation Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, tomake an initial public offer of its Equity Shares and has filed a draft red herring prospectus, (“DRHP”) with the Securities and

� This presentation contains certain forward looking statements concerning future business prospects and profitability of HCC, which are subject to a number of

risks and uncertainties and actual results could materially differ from those in such forward looking statements, important developments that could affect the

company's operations include a downtrend in the infrastructure sector, significant changes in political and economic environment in India, tax laws, labor

relations, litigation etc. The company does not undertake to make any announcement in case any of these forward looking statements become materially

incorrect in future or update any forward looking statements made from time to time by or on behalf of the company.

make an initial public offer of its Equity Shares and has filed a draft red herring prospectus, (“DRHP”) with the Securities andExchange Board of India, (“SEBI”). The DRHP is available on the SEBI website at www.sebi.gov.in as well as the respectivewebsites of the BRLMs at www.axiscapital.co.in, http://investmentbank.kotak.com, www.icicisecurities.com. Investors should notethat investment in equity shares involves a high degree of risk and for details relating to the same, see the section “Risk Factors” onpage 19 of the DRHP.

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