G R Infraprojects Limited

rs,

e from time to time by or on behalf of the Company. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking stat

9.02%

come (Rs in Mn) EBITDA Margin* (%) & EBITDA (Rs in Mn) PAT Margin* (%) & PAT (Rs in Mn) s t h g 9.02% 18.95% 20.66% 18.95% 12.80% i l i h g H Q o Q 23,012 25,087 18.85% 4,361 5,183 Q4

18.95%

s in Mn) EBITDA Margin* (%) & EBITDA (Rs in Mn) PAT Margin* (%) & PAT (Rs in Mn) s t h g 9.02% 18.95% 20.66% 18.95% 12.80% i l i h g H Q o Q 23,012 25,087 18.85% 4,361 5,183 Q4 2022 Q1

20.66%

EBITDA Margin* (%) & EBITDA (Rs in Mn) PAT Margin* (%) & PAT (Rs in Mn) s t h g 9.02% 18.95% 20.66% 18.95% 12.80% i l i h g H Q o Q 23,012 25,087 18.85% 4,361 5,183 Q4 2022 Q1 2023 Q

12.80%

(%) & EBITDA (Rs in Mn) PAT Margin* (%) & PAT (Rs in Mn) s t h g 9.02% 18.95% 20.66% 18.95% 12.80% i l i h g H Q o Q 23,012 25,087 18.85% 4,361 5,183 Q4 2022 Q1 2023 Q4 2022 Q1 2023

18.85%

(Rs in Mn) s t h g 9.02% 18.95% 20.66% 18.95% 12.80% i l i h g H Q o Q 23,012 25,087 18.85% 4,361 5,183 Q4 2022 Q1 2023 Q4 2022 Q1 2023 21.08% 2,652 Q4 2022 3,211 Q1 2023 Tota

21.08%

i l i h g H Q o Q 23,012 25,087 18.85% 4,361 5,183 Q4 2022 Q1 2023 Q4 2022 Q1 2023 21.08% 2,652 Q4 2022 3,211 Q1 2023 Total Income (Rs in Mn) EBITDA Margin* (%) & EBITDA (Rs in Mn)

15.96%

come (Rs in Mn) EBITDA Margin* (%) & EBITDA (Rs in Mn) PAT Margin* (%) & PAT (Rs in Mn) s t h g 15.96% 17.36% 20.66% 9.41% 12.80% i l i h g H Y o Y 21,634 25,087 37.99% 3,756 5,183 Q1 2

17.36%

in Mn) EBITDA Margin* (%) & EBITDA (Rs in Mn) PAT Margin* (%) & PAT (Rs in Mn) s t h g 15.96% 17.36% 20.66% 9.41% 12.80% i l i h g H Y o Y 21,634 25,087 37.99% 3,756 5,183 Q1 2022 Q1

9.41%

Margin* (%) & EBITDA (Rs in Mn) PAT Margin* (%) & PAT (Rs in Mn) s t h g 15.96% 17.36% 20.66% 9.41% 12.80% i l i h g H Y o Y 21,634 25,087 37.99% 3,756 5,183 Q1 2022 Q1 2023 Q1 2022

37.99%

(Rs in Mn) s t h g 15.96% 17.36% 20.66% 9.41% 12.80% i l i h g H Y o Y 21,634 25,087 37.99% 3,756 5,183 Q1 2022 Q1 2023 Q1 2022 Q1 2023 57.71% 3,211 Q1 2023 2,036 Q1 2022 Note

57.71%

i l i h g H Y o Y 21,634 25,087 37.99% 3,756 5,183 Q1 2022 Q1 2023 Q1 2022 Q1 2023 57.71% 3,211 Q1 2023 2,036 Q1 2022 Note : 1) Q1 FY 23, includes Bonus/claim amount of Rs 1,328.52 M

“* Share purchase agreement 11 Robust Order Book Order book as on June 30, 2022 is Rs 1,70,056.74 Million* Project Mix 0% 2% 4% 12% EPC HAM Railways Transmission Others 82% Client Wise Distribution State Wise Distribution 4% 2% 2% 9% 3% 7% 10% 9% 20% 10% Andhra Pradesh Bihar 7% Chhatisgarh Gujarat Madhya Pradesh Maharashtra Punjab Rajasthan Uttar Pradesh 14% Others NHAI REC OTHERS RVNL *Order Book doesn’t include the value of one L-1 Project amounting to Rs.”

“2007- 2010 • Name changed to “G R Infraprojects Limited” • Commissioned 30,000 MT PA Bitumen emulsion/PMB unit at Udaipur 16 Overview – GRIL Snapshot An Integrated EPC Company, with proven track record of timely project execution over last 25 years.”

“Road freight traffic CAGR expected at 6%–8% during FY 21-FY 26 ICE passenger vehicles to grow to 5 Mn units at a CAGR of 6.3% FY22-30) Current avg of 7Mn Parcel/Day.”

“Expected to grow to 21 Mn by FY26 Road sector to play pivotal role in the economic growth of the India Source: Industry Research, Company Annual Reports; btkm = billion ton kms 31 Macros Continue to be Positive for Roads 14000 12000 10000 8000 6000 4000 2000 0 2019 Consistent increase in Capex Infrastructure Ministries1 make up ~80% of this expenditure Central Budget - Capital Expenditure (Rs.”

CAGR

3

Other Developments

1

Construction Push

1

Increasing E-Commerce Demand

1

Other Developments

1. Bharat Highways InvIT, sponsored by the Company has been granted a Certificate of Registration as an Infrastructure Investment Trust by the Securities and Exchange Board of India. * Share purchase agreement 11 Robust Order Book Order book as on June 30, 2022 is Rs 1,70,056.74 Million* Project Mix 0% 2% 4% 12% EPC HAM Railways Transmission Others 82% Client Wise Distribution State Wise Distribution 4% 2% 2% 9% 3% 7% 10% 9% 20% 10% Andhra Pradesh Bihar 7% Chhatisgarh Gujarat Madhya Pradesh Maharashtra Punjab Rajasthan Uttar Pradesh 14% Others NHAI REC OTHERS RVNL *Order Book doesn’t include the value of one L-1 Project amounting to Rs. 5,921.70 Mn 92% 11% 12 Portfolio of HAM / Transmission Projects Operational (8) Under Construction / Development (8) Appointed Date awaited (8) • Reengus-Sikar • Nagaur-Mukundgarh • Phagwara-Rupnagar • Porbandar-Dwarka • Handia-Varanasi • Akkalkot-Solapur • Sangli-Solapur • Dwarka-Devariya • Aligarh-Kanpur • Ena-Kim • Shirsad-Masvan • Bilaspur-Urga • Ga

CAGR

22.57% 13,350 10,748 6,263 19.50% 17.56% 14,379 14,135 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 Revenue From Operations EBITDA EBITDA Margin *Margin has been calculated basis total income All data on Standalone basis 22 Overview- Historical Financial Data PAT (Rs in Mn) / PAT Margin (%) Net Cash Flow (Used In)/ from operating Activities (Rs in Mn) 12.63% 11.87% 11.25% 5,957 6,888 3,992 10.59% 7,806

CAGR

17.50% 7,608 9.45% 8,312 6,516 5,606 4,199 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 (41) PAT Net Cash From Operating Activities All data on Standalone basis 23 Overview- Historical Financial Data Net Debt/ Equity & Net Debt /EBITDA (x) 0.88 0.83 0.82 0.70 0.42 0.42 0.36 0.33 0.20 0.23 Fixed Assets Turnover (x) Return Ratios (%) 6.54 6.27 6.26 6.35 5.73 32.4% 29.8% 26.9% 29.0% 29.9% 27.7% 24.3% 24.1% 20.5% 19.1% FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Net Debt/Equity Net Debt/EBITDA Fixed Assets Turnover Ratio ROCE ROE All data on Standalone basis 24 Overview- Historical Operational Data Employee Count Order Book* (Rs.in Mn) 17721 16333 1,18,648 1,17,143 1,70,526 1,48,799 1,31,039 12956 11149 7321 FY18 FY19 FY20 FY21 FY22 Employee Count FY18 FY19 FY20 FY21 FY22 Order Book *excluding gst 25 Strong focus on Quality Execution Design and engineering (Centralized): Continuous improvements are made on the designs in coo

Increasing E-Commerce Demand

Road freight traffic CAGR expected at 6%–8% during FY 21-FY 26 ICE passenger vehicles to grow to 5 Mn units at a CAGR of 6.3% FY22-30) Current avg of 7Mn Parcel/Day. Expected to grow to 21 Mn by FY26 Road sector to play pivotal role in the economic growth of the India Source: Industry Research, Company Annual Reports; btkm = billion ton kms 31 Macros Continue to be Positive for Roads 14000 12000 10000 8000 6000 4000 2000 0 2019 Consistent increase in Capex Infrastructure Ministries1 make up ~80% of this expenditure Central Budget - Capital Expenditure (Rs. bn) Infrastructure Ministries as % of Total Capital Expenditure 26% 25% 74% 75% 18% 82% 15% 85% 22% 78% 2020 2021 2022 2023E 2019 2020 2021 2022 2023E Through Budget Support Through Internal & External Resources of Public Enterprises Infrastructure Ministries Other Ministries Ministry of Roads – One of the largest w.r.t expenditure Investment outlay for roads has witnessed strong growth CAPEX from Infrastructure Ministries CAPEX into