KEC International Limited Corporate Presentation 4 August 2021 Power T & D Railways Civil Solar Smart Infra Oil & Gas Cables Pipelines Disclaimer This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures, and financial results, are forward looking statements. Forward looking statements are based on certain assumptions and expectations of future events and involves known and unknown risks, uncertainties and other factors. The Company cannot guarantee that these assumptions and expectations are accurate or exhaustive or will be realised. The actual results, performance or achievements, could thus differ materially from those projected in any such forward-looking statements. 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RPG Group Page 04-05 BusinessKEC International Overview PagePage 14 06-37-10 Leadership Team Page 11-13 ManagementIndustry Overview Team PagePage 39 14-40-17 Business Overview Page 18-26 Financial Overview Page 27-32 Environmental, Social and Governance (ESG) Page 33-36 Contents 3 RPG Group 4 RPG Group: Powered by Passion, Driven by Ethics Founded by Shri RP Goenka in 1979 One of India’s fastest growing conglomerates Turnover in excess of USD 4 billion 20,000+ employees Footprint in 105+ countries KEC acquired by RPG Group in 1982 KEC RPG Life Harrisons CEAT Zensar Raychem International Sciences RPG Malayalam Global EPC Leading Software Pharma Engineering One of India’s Company; T&D, manufacturer services provider Company; wide products & largest plantation Railways, Civil, of automobile spread across range medicines services companies; tea, Solar, Smart Tyres 20 countries in global generics company rubber & other Infra, Oil & Gas & synthetic APIs agro-products & Cables 5 KEC International 6 KEC Overview DECADES OF EXPERIENCE 9000+ 7+ & EXPERTISE EMPLOYEES DIVERSE 35+NATIONALITIES FOOTPRINT IN 105+ $1.8 COUNTRIES BILLION GLOBAL EPC MAJOR ONGOING PROJECTS IN 40%+ 30+ BUSINESS COUNTRIES OVERSEAS 7 KEC Overview • Global infrastructure EPC major • FY21 Sales: Rs. 13,114 crore (USD 1.8 billion) • Eight manufacturing facilities across India, Dubai, Brazil and Mexico Footprint in 105+ countries across the globe Central Asia Americas Middle Oceania Africa East India & South Asia EPC Footprint countries EPC: 70+ countries Tower Supply: 65+ countries Cables Export: 80+ countries 8 Overview (contd.) Sustained leadership in Power Transmission EPC • Indian multinational infrastructure EPC major • Over 7 decades of experience; presently executing 250+ projects Diversifying to mitigate risk • Diversified across businesses and geographies • Footprint in 105+ countries across 6 continents (EPC & Supply) • Currently executing EPC projects in 30+ countries Strong global presence • Business spread across India, SAARC, Middle East, Africa, Southeast Asia, Americas and Oceania Robust Order Book • Order Book of ~Rs. 26,000 crore (including L1) (As on 30 June 2021) Consistent Growth • FY21 Sales: Rs. 13,114 crore (USD 1.8 billion) 9 KEC’s Expansion into New Verticals 10 Leadership Team 11 Board of Directors H. V. Goenka Chairman Vimal Kejriwal A. T. Vaswani D. G.Piramal G. L. Mirchandani M.S. Unnikrishnan MD & CEO Director Director Director Director Nirupama Rao R. D. Chandak S. M. Trehan Vikram Gandhi Director Director Director Director 12 Management Team Vimal Kejriwal Managing Director & CEO Rajeev Agarwal Neeraj Nanda Anand Kulkarni Kaushal Kodesia Manjit Singh Sethi Chief Financial Officer President – South Executive Director – Executive Director – Executive Director – Asia (T&D, Solar & Business Operations Railways Cables Smart Infra) Nagesh Veeturi Sanjeev Agarwal Gustavo Cedeno Pankaj Kalani Somraj Roy Sumant Srivastava Executive Director – Executive Director – Chief Executive Senior Vice President – Chief Human Chief Executive – KEC Civil International Officer – SAE Towers Finance and Resources Officer Towers LLC and (T&D, Solar) Chief Executive - Oil & Senior Vice President - Gas Pipelines MENA 13 Industry Overview 14 Industry Outlook: Transmission & Distribution (T&D) INDIA • Last mile electrification; 24x7 Power for All • Augmentation of transmission networks; addition of 1,00,000+ ckm of TLs & T&D Capex – FY2016-40 ($Bn) 2,90,000+ MVA of transformation capacity expected between 2017-22 Region 2016-25 2026-40 SAARC Afghanistan, Bangladesh, Nepal, Bhutan India 291 566 • Expansion of India’s cross border interconnection Americas 410 619 • Increase in private & multi lateral funding; focus on power generation & renewables Europe 544 755 EAP & CIS Malaysia, Thailand, Philippines, Georgia (incl. East • Initiatives funded by multilateral institutions to expand & upgrade power Europe, infrastructure Eurasia) Asia 1387 2310 MIDDLE EAST Saudi Arabia, UAE, Oman • Large power generating plants, interconnection lines planned Middle 95 218 • Investment of ~ USD 34 billion for T&D expansion expected in next five years East Africa 202 598 AFRICA Mozambique, Kenya, Uganda Latin 158 288 • Low per capita electricity consumption; Interconnections planned America NORTH AMERICA United States, Canada • ~2,60,000 km of lines planned between 2014-35 • Upgradation of existing systems; estimated investment $1.77 Bn is expected SOUTH AMERICA Brazil • Addition of ~2,28,000 km of lines expected by 2035 • Several cross-country lines planned Source: IEA's World Energy Outlook 2017, World Bank 15 Industry Outlook: Cables and Railways CABLES • Annual Indian market ~ Rs. 20,400 crore p.a. (USD 3.1 billion) • Strong demand driven by power sector, real estate and industrial activity • India’s aggressive plans for power sector, driving growth • Demand for improved network quality expected to improve telecom tower and cable demand RAILWAYS • FY22 Budget Outlay of Rs. 2,15,058 crore expected to auger well for the sector • 100% electrification target by FY23; i.e., 46,000 km of Broad-Gauge • Urbanisation & strain on existing infrastructure driving