SALASARNSE7 November 2023

Salasar Techno Engineering Limited has informed the Exchange about Investor Presentation

Salasar Techno Engineering Limited

07th November, 2023

To,

The Manager – Listing National Stock Exchange of India Ltd. Exchange Plaza, Bandra Kurla Complex Bandra East Mumbai – 400051 Symbol - SALASAR

The Secretary Corporate Relationship Dept. BSE Limited P. J. Tower, Dalal Street, Mumbai – 400001 Scrip Code: 540642

SUB: Investor Presentation on Financial Results for Q2 & H1 FY24

Dear Sir/ Madam,

Please find enclosed herewith copy of Investor Presentation issued by the Company with regard to Financial Results of the Company for Q2 & H1 FY24.

We request you to please take the same on record.

Yours faithfully, For Salasar Techno Engineering Limited

Alok Kumar Managing Director DIN:01474484

CIN No. - L23201DL2001PLC174076

Unit 1- Khasra 265, 281-283, Parsaun-Dasna, Jindal Nagar, Distt. Hapur-201313

+91

8938802180, 7351991000

Unit 2- Khasra 1184, 1185, Khera, Pilkhuwa, Tehsil Dhaulana, Distt. Hapur-245304

+91

120 6546670

Unit 3- Khasra 686/6, Khera, Pilkhuwa, Tehsil Dhaulana, Distt. Hapur-245304

Office- KL-46, Kavi Nagar, Ghaziabad-201002

Regd. Office- E-20, South Extension 1, New Delhi-110049

www.salasartechno.com

Fax: +91 11 45823834

towers@salasartechno.com

marketing@salasartechno.com

A SEASONED INFRASTRUCTURE ENABLER WITH KNOWLEDGE, DEPENDABILITY, AND AGILITY

SALASAR TECHNO ENGINEERING LIMITED Investor Presentation, November 2023

SAFE HARBOUR

This presentation and the following discussion may contain “forward looking statements” by Salasar Techno Engineering Limited (“STEL” or “the Company”) that are not historical in nature. These forward looking statements, which Aug include statements relating to future results of operations, financial condition, business prospects, plans and objectives, are based on the current beliefs, assumptions, expectations, estimates, and projections of the management of Salasar about the business, industry and markets in which Salasar operates.

These statements are not guarantees of future performance, and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond Salasar’s control and difficult to predict, that could cause actual results, performance or achievements to differ materially from those in the forward looking statements. Such statements are not, and should not be construed, as a representation as to future performance or achievements of Salasar.

In particular, such statements should not be regarded as a projection of future performance of Salasar. It should be noted that the actual performance or achievements of Salasar may vary significantly from such statements.

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

VISION

To make substantial contribution towards the development of National Infrastructure by providing technologically advanced solutions, and to play a critical role in making India the most preferred destination for the fulfilment of local and global infrastructural needs.

MISSION

To be at the forefront of developing technologically advanced infrastructural solutions for our customers around the world.

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

SALASAR AT A GLANCE

AREAS OF OPERATIONS

Designing

Manufacturing

Contractual Galvanization

Strengthening

EPC Projects

Fabrication

INFRA STRUCTURE CAPACITY 3 State-of-the-art Manufacturing facilities

Installed capacity of 2,11,000 MTPA

Equipped with CNC Machines, Industrial Machinery, Hydra & Cranes, Plasma Cutting Machine,Press Break Machine, Beam Welding & Straightening, Three Axis Drilling Machine, & Automatic Shot Blasting Machine

GEOGRAPHICAL PRESENCE AND PENETRATION Pan-India presence

600+ Clients and customers served

Supplied 50,000+Telecom Towers

Laid ~746 KMs of Power Transmission Line

Laid ~629 Railway track km

Global Footprint: serves 25+ countries

FINANCIAL PROWESS Revenue grew by 14.86% CAGR from FY18 - FY23

EBITDA grew by 11.20% CAGR from FY18 - FY23

PAT grew by 6.32% CAGR from FY18 - FY23

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

COMPETITIVE ADVANTAGE

DIVERSIFIED BUSINESS MODEL Designing and manufacturing products like:

Telecom Towers EPC Projects for Transmission Lines Buildings and Bridges

Pre-Fabricated Buildings EPC Projects for Railway electrification

RECOGNISED AND APPROVED VENDOR

Approved vendor of PowerGrid Corporation Limited

Approved by CORE (Central Organization for Railway Electrification).

Qualified to bid for rural electrification projects

CUSTOMER CENTRIC APPROACH

STEL’s specialised goods and services offer unique value to our substantial and diverse client base, which in turn leads to high levels of customer satisfaction and retention, solidifying our position as one of the leading industry players

POWERFUL BRAND RECALLABILITY REINFORCED BY EFFECTIVE MANUFACTURING

Salasar has a long-standing technical tie-up with Ramboll (Denmark) to manufacture lighter and lower- costing tower structures and high mast poles. With the experience of designing towers for more than sixty years, their designs are time tested and proven for performance.

Strategic presence with technology driven manufacturing facilities allows it to carry out production at scale and offer quality products to its customers

Strategic locational advantage allows it to procure best quality raw material in line with stringent Industry standards

Boast of having zero defect production, shortest delivery window, and the ability to ramp up operations in minimum time anywhere

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

OUR JOURNEY

Incorporated in the year 2006 and established itself as the industry leader in manufacturing and supply of Telecom Towers.

2006-2015

Bagged project worth Rs. 2,280Mn. for rural from electrification

PVVNL, UP.

Introduced – Telecom Monopoles

2016

Got

listed on NSE and BSE Platform

Received status of “Approved Vendor” from PGCIL.

Introduced new products like high mast, stadium lights & flag poles, and smart city poles

Increased

its capacity to 50,000 MTPA

galvanizing

operations

Commenced for transmission lines with first order ‘Central from coming Organization of Railways’ for track electrification worth Rs. 395 Mn.

2017

2018

2019 Won an order worth Rs. 1,476 state of Mn. the and Jharkhand, Haryana,

from

Orissa

Won EPC order worth Rs. 559 Mn. from Haryana Vidyut Prasaran Nigam Limited and Transmission UP

Power

Corporation Limited

2020 STEL received 2nd order under 2 year supply agreement with American Tower Corp worth Rs.73 Mn. for supply of towers in 5 African countries

Secured a cumulative order worth Rs. 546.5 Mn. from and Western Northern Railways, clean AVAADA project, and electrification of railways in Lucknow

2021

2022

Embarked its journey into heavy steel and structure division by building roads and railway over bridges

Ramped up production to meet increasing demand while aligning with Atmanirbhar Bharat values

Setting up foundational and infrastructure operational underway for seamless 5G connections in tier 1 and tier 2 stabilize cities which will

revenue growth trajectory.

two orders

from Received PVVNL for Development of Distribution Infrastructure for Loss Reduction, worth ~Rs. 7,500 Mn.

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

2023 Secured a Letter of Intent from Electricity Authority Nepal

(NEA) worth Rs. 1,430 Mn.

from

Bagged an EPC order worth Rs. 752.38 Mn Energy Development Corporation Limited for designing, supplying, and installing 110kv transmission line in Africa.

Commenced 96,000 MTPA in Uttar Galvanisation plant Pradesh.

OUR MANAGEMENT

Mr. Alok Kumar Chairman & Managing Director

Mr. Shashank Agarwal Joint Managing Director

Mr. Shalabh Agarwal Whole Time Director

Ms. Tripti Gupta Whole Time Director

B.Sc. from Punjab University.

B.E. (Mech) from MIT, Manipal.

With an experience spanning over 4 decades in trading, manufacturing and fabrication of iron & steel, he started his journey as a Managing Partner in Gupta 1959 Traders and operated two foundry units of C.I. casting namely Capital Founders and Capital Udyog.

thereafter

from

With an experience spanning 25+ years, Mr. Shashank has built the company from scratch with the help of other directors and was the driving force behind the company’s IPO in 2017.

With a professional experience of 20+ Years, Mr. Shalabh is at the forefront of all the innovation that takes place at the company to looks after Salasar’s procedural and

technological

from

power vertical.

B.Com from SRCC, Delhi and MBA in Finance from IMT, Nagpur.

With a decades experience in strategic management, policy-making, business development, and various other corporate matters; Tripti Gupta has been the pillar of strength for Salasar since 2014.

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

Mr. Sanjay Chandak Independent & Non-Executive Director

Mr. Vijay Kumar Jain Independent & Non-Executive Director

Mr. Mukesh Kumar Garg Independent & Non-Executive Director

Mrs. Garima Dhamija Independent & Non-Executive Director

Chartered Accountant.

B.E. (hons) and MBA.

B.Tech Structural Engineering, PGDIM

Engineering, M.Tech and

Civil

the

Mr. Sanjay has an experience of over 3 decades field of Chartered Accountancy, he is an expert in Tax Planning, Income Tax, and Statutory Audits, and presently advises the board on all related matters.

With an experience of more than 5 decades, Mr. Vijay Kumar lends his expert opinions to Salasar and has demonstrated leading organizations proficiency

in toward success.

PGDM/IGNOU.

An ex-CAO of North Central Railway, Mr. Mukesh uses his experience of planning, executing, and managing costs of tenders worth several hundred crores to advise the company

MBA from IIM, Kozhikode and Masters in Economics from Punjab University.

A Hogan and OPQ Certified Assessor, Mrs. Garim is certified in coaching through Emotional Intelligence. Her one-on-one work with senior leaders in businesses has been acknowledged for creating long term impact on individuals.

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

OUR MANAGEMENTMANUFACTURING PLANTS & GEOGRAPHICAL PRESENCE

Plant

Location

Unit 1

Unit 2

Unit 3

,ragaN ladniJ ,rupaH .ttsiD

,rupaH .ttsiD ,arehK hsedarP rattU

hsedarP rattU

Tower/Structure manufacturing and Galvanization

Heavy Steel Structural Division

Overall - 1,96,000 MTPA

15,000 MTPA

The plants are equipped with CNC Machines, Industrial Machinery, Hydra & Cranes, Plasma Cutting Machine, Press Break Machine, Beam Welding & Straightening, Three Axis Drilling Machine, & Automatic Shot Blasting Machine improving production efficiency and precision of its products.

STEL’s plants are located at a strategic location that allows the company to procure raw materials at competitive prices.

STEL has a Pan-India presence and has a huge geographic footprint, providing services to over 25+ Nations.

Exporting Countries : West Africa, East Africa, Central Africa, the Philippines, Saudi Arabia, Nepal, Myanmar, and many more.

Saudi Arabia

Nepal

West Africa

Myanmar

Philippines

Central Africa

East Africa

*Map not drawn to scale, only for illustration purposes

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

INDUSTRIES CATERED TO & PRODUCTS OFFERED

POWER

RENEWABLES

TELECOMMUNI CATIONS

POLES

HEAVY STEEL STRUCTURE

SMART CITY SOLUTIONS

Transmission Line Towers

Solar Module Mounting Structure

Towers and Monopoles

Lighting Poles

Bridges

Substation Structures

Solar Trees

Cells on Wheels

Distribution Poles

Buildings

Transmission Line Monopoles

Solar Water Pumps

Accessories

Infrastructure Poles

Heavy & Complex Structures

Smart City Poles

Camouflaging Solutions

Railway Electrification Structure

Windmill Tower

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

CLIENTS CATERED

STRONG AND DIVERSIFIED CLIENT BASE, CELEBRATED IN THEIR RESPECTIVE SECTORS HAS HELPED THE COMPANY TO ESTABLISH ITSELF AS A KEY INDUSTRY PLAYER

Telecom Sector Telecom Sector

Power Sector

Others/EPC

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

and many more...

ORDER BOOK POSITION

Particulars (Rs.Mn)

Domestic EPC Orders

International EPC Orders

Orders under Heavy Steel Structure Division

Monopoles

Exports orders (Telecom Towers and Poles)

Total Orders as on 30th June 2023

Value

₹ 10,090

₹ 2,110

₹ 1,300

₹ 530

₹ 370

₹ 14,400

The company generally receives regular monthly orders for telecom towers, with an approximate value of Rs 300 to 350 Mn.

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

INDUSTRY OVERVIEW & GROWTH OPPORTUNITIES

TELECOM SECTOR

The growth of the country’s GDP depends heavily on iron and steel industry. STEL caters to diverse range of industries, including Construction, Infrastructure, Telecom, Power Distribution, and many more, that employ iron and steel goods.

India is the second largest Telecom market in the world with a subscriber base of 1.17 Billion.

Tower (’000s) BTS (’000s)

1,372

2,000

1,713

2,206

2,256

2,313

2,398*

775

439

440

461

501

581

638

698

740*

2015

2016

2017

2018

2019

2020

2021

2022

*information till 9th December 2022

As the rollout of 5G begins, demand for telecom towers in next 10 years is expected to be greater than in the last 25 years

There are ~6,00,000 towers in India at the moment, with about 8,00,000 points of connectivity. To have a seamless 5G experience across the country, at least 10,00,000 more towers are needed and at least 15,00,000 points of connectivity are needed in the next 10 years

In the recent budget discussion, Government of India has ballooned the compensation to service providers for creation and augmentation of Telecom Infrastructure from Rs. 8,000 Crore to Rs. 9,000 Crore

Furthermore, the government’s commitment to strengthen the nationwide 4G infrastructure provides significant growth potential

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

POWER TRANSMISSION

Historical Generation and Transmission Investment

% Growth in Generation Capacity (MW) % Growth in Transmission Capacity (ckt km)

48%

24%

30%

22%

26%

29%

51%

31%

64%

43%

22%

24%

FY'92-97

FY'97-02

FY'02-07

FY'07-12

FY'12-17

FY'17-22

The government's ambitious plan to achieve a capacity of 500 GW in non-fossil energy by 2030 is set to significantly bolster the renewable

sector driving the demand for solar panels and windmills, creating ample opportunities for growth and expansion in the renewable energy

industry.

ICRA expects an investment of ~Rs. 1.8 Trillion over the five year period from FY21 to FY25 in the power transmission segment at an all India

level and an estimated Rs. 6-8 Trillion of market opportunity is expected in transmission till FY29.

As per the rolling plan (March’22) prepared by Central Transmission Utility of India (CTUIL) upto 2026-27 for Inter-State Transmission System

(ISTS) envisages an investment of about ₹1,24,148 crore during FY 2023-27.

Further, the Inter-Regional (IR) transmission capacity is expected to grow from present level of 1,12,250 MW to about 1,18,740 MW in next

2-3 years.

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

RAILWAY SECTOR

Growth of Railway Electrification (Route Km, RKM)

Budget Allocation for Railway Electrification

*6,886 RKM already commissioned till21

29,201*

13,687

6,302

6,960 6,601

7,542 7,700

3,396 3,457

2,163

830 1,005 1,206

2,150

3,038

2004-09

2009-14

2014-19

2019-24 (Planned)

FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23

With Rs. 2.4 Lakh Crore allocated by Government of India in its latest budget, Government plans to fully electrify the balance 42% network till 2024.

Within the allocated funds of 2.4 Lakh crore to the Ministry of Railways, a significant portion of 1.07 Lakh crore has been designated for CAPEX purposes.

Close to 30 Billion units of electricity shall be required for railway electrification on annual basis by 2024 creating a massive opportunity for overhead line equipment suppliers to supply for the equipment like conductors, transformers, and distribution utilities.

Sub-station capacity to enhance leading to opportunities for transmission and distribution utilities creating a multitude of opportunities for EPC contractors.

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

OUR OPERATIONAL & FINANCIAL PERFORMANCE HIGHLIGHT

Figures in Rs. Mn.

Revenue from Operations (Rs. Mn)

EBITDA (Rs. Mn) EBITDA Margins (%)

2,587.33

2,618.59

2,753.53

3,500.00

3,000.00

2,500.00

2,000.00

1,500.00

1,000.00

500.00

8.12%

210.05

9.01%

235.81

350

300

250

200

150

100

12.00%

9.05%

10.00%

249.18

8.00%

6.00%

4.00%

2.00%

PAT (Rs. Mn) PAT Margins (%) 250

2.90%

75.12

3.88%

101.47

3.29%

90.52

200

150

100

6.00%

5.00%

4.00%

3.00%

2.00%

1.00%

Q2 FY23

Q1 FY24

Q2 FY24

Q2 FY23

Q1 FY24

Q2 FY24

Q2 FY23

Q1 FY24

Q2 FY24

Revenue from Operations (Rs. Mn)

6,000.00

5,372.12

5,000.00

4,694.01

4,000.00

3,000.00

2,000.00

1,000.00

EBITDA (Rs. Mn) EBITDA Margins (%)

PAT (Rs. Mn) PAT Margins (%)

Segmental Revenue Distribution

700

600

500

400

300

200

100

12.00%

9.03%

10.00%

8.07%

379.04

485.00

8.00%

6.00%

4.00%

2.00%

3.16%

148.29

300

250

200

150

100

3.57%

4.00%

3.50%

3.00%

13%

23%

191.99

2.50%

22%

Q2 FY23

Q2 FY24

2.00%

1.50%

-1.00%

65%

72%

H1 FY23

H1 FY24

H1 FY23

H1 FY24

H1 FY23

H1 FY24

Steel Manufacturing EPC From Railways EPC From Power Transmission

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

FINANCIAL SYNOPSIS

CONSOLIDATED FINANCIAL SNAPSHOT

Income Statement

Particulars

Q2 FY24

Q2 FY23

YoY (%)

Q1 FY24

H1 FY24

H1 FY23

YoY (%)

REVENUE GROWTH :

Revenue from operations

2,753.53 2,587.33

6.42% 2,618.59

5,372.12

4,694.01

14.45%

Other income

Total revenue

3.10 0.50

4.95

8.04

6.35

2,756.62 2,587.83

2,623.54 5,380.16 4,700.36

Total expenses excluding depreciation, ammortization, and finance cost

2,504.34 2,377.28

5.34% 2,382.78

4,887.12

4,314.97

13.26%

EBITDA

249.18 210.05

18.63% 235.81

485.00

379.04

27.96%

EBITDA Margin %

9.05%

8.12%

93 bps

9.01%

9.03%

8.07%

96 bps

Depreciation & Amortization

22.93

19.21

22.28

45.20

37.90

Finance Cost

Exceptional Items

PBT

Tax Expense

PAT

106.02

85.27

81.90

187.92

143.00

0.00

123.34

106.07

16.28%

136.59

259.92

204.48

27.11%

PAT & PAT MARGINS

32.82

30.95

35.11

67.93

56.19

90.52

75.12

20.50%

101.47

191.99

148.29

29.47%

Other comprehensive income

0.00

Net PAT

PAT Margin %

Diluted EPS

90.52

75.12

101.47 191.99

148.29

3.29%

2.90%

39 bps

3.88%

3.57%

3.16%

41 bps

0.29

0.26

0.32

0.61

0.51

Revenue from Operations grew by 6.42% from Rs. 2,587.33 Mn in Q2 FY23 to Rs. 2,753.53 Mn in Q2 FY24 and by 14.45% from Rs. 4,694.01 Mn in H1 FY23 to Rs. 5,372.12 Mn in H1 FY24. This robust growth was led by rise in domestic demand of customised steel structures, EPC services, and efficient execution of order book.

EBITDA & EBITDA MARGINS :

EBITDA increased by 18.63% from Rs. 210.05 Mn in Q2 FY23 to Rs. 249.18 Mn in Q2 FY24 and by 27.96% from Rs. 379.04 in H1 FY23 to Rs. 485.00 Mn in H1 FY24 led by increase in scale of operations. EBITDA margins increased by 93 bps from 8.12% in Q2 FY23 to 9.05% in Q2 FY24 and by 96 bps from 8.07% in H1 FY23 to 9.03% in H1 FY24 due to increased capacity utilisation, and efficient resource utilisation.

PAT increased by 20.50% from Rs. 75.12 Mn in Q2 FY23 to Rs. 90.52 Mn in Q2 FY24 and by 29.47% from Rs. 148.29 in H1 FY23 to Rs. 191.99 Mn in H1 FY24 and PAT margins increased by 39 bps and 41 bps to 3.29% in Q2 FY23 and to 3.57% in H1 FY24.

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

BALANCE SHEET

Particulars (Rs. Mn)

30.09.23

31.03.23

Particulars (Rs. Mn)

30.09.23

31.03.23

Assets

Non-Current Assets

Equity & Liabilities

Shareholder's Funds

Property, Plant & Equipment

2,138.73

1,592.16

Equity Share Capital

315.71

Capital Work in Progress

Right of Use Asset

Intangible Assets

Investments

Other Financial Assets

Other Non-Current Assets

2.40

124.97

2.58

0.00

306.39

71.10

214.09

Other Equity

3,849.85

3,689.43

126.01

Non-Controlling Interest

4.01

4.02

2.91

0.00

Total Shareholder's Funds

4,169.57

4,009.15

Non-Current Liabilities

147.83

Long-Term Borrowings

504.90

402.41

37.63

Lease Liabilities

Provisions

13.78

34.38

49.99

0.85

13.25

36.79

51.01

0.85

Total Non-Current Assets

2,646.17

2,120.63

Deferred Tax Liabilities (Net)

Other Non-Current Liabilities

Current Assets

IInventories

Investments

Total Non-Current Liabilities

603.88

504.30

2,899.54

2,627.44

Current Liabilities

0.65

0.52

Short-term Borrowings

2,940.84

2,316.40

Trade Receivables

3,362.97

3,298.31

Trade Payables

Cash & Cash Equivalents Bank Balance other than Cash

Other Financial Assets

Other Current Assets

Current Tax Assets (Net)

26.55 351.93

590.26

388.79

0.00

4.27 207.85

536.97

345.48

0.00

Total Outstanding dues of micro and small enterprises

79.06

43.83

Total Outstanding dues of Creditors other than micro and small enterprises

729.94

Other Financial Liabilities

Provisions

28.61

4.63

682.36

0.22

4.73

Other Current Liabilities

1,693.89

1,567.73

Total Current Assets

7,620.68

7,020.83

Current Tax Liability (Net)

Total Current Liabilities

Total Assets

10,266.85

9,141.45

Total Equity & Liabilities

16.44

5,493.40

10,266.85

12.74

4,628.00

9,141.45

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

MANAGEMENT COMMENTARY

“We are happy to share with you our robust business and financial performance for Q2 and H1 FY24. Our revenue from operations increased by 6.42% from Rs. 2,587.33 Mn in Q2 FY23 to Rs. 2,753.53 Mn in Q2 FY24. Our EBITDA margins increased by 93 bps from 8.12% in Q2 FY23 to 9.05% in Q2 FY24 and PAT margins improved by 39 bps in Q2 FY24 to 3.29%.

In this quarter, we added a significant project in our order book reflecting our growing presence in the infrastructure and engineering sector. We secured a monumental EPC contract from Energy Development Corporation Limited valued at USD 9.40 Mn (Rs. 752.38 Mn). Our scope of work includes providing end-to-end EPC solution including designing, supplying, and installation of a 110kv transmission line in the African region of Rwinkwavu-Kirehe, Gabiro-Nyagatare, and Rulindo-Gicumb. The 110kV transmission line project is a specialized endeavour that demands a deep understanding of power transmission, engineering, and project management. Winning this order is a testament to our engineering prowess and our ability to execute complex projects on a global scale. It not only opens up new avenues for growth but also enhances our reputation as a trusted partner in the international market. This project bolstered our order book to Rs. 14,400 Mn as at 30th September 2023.

Moreover, in line with our commitment to expand our manufacturing capabilities and to meet the growing demand of our products, we are thrilled to announce the commencement of operations of our new zinc galvanization plant in Uttar Pradesh. This state-of-the-art facility boasts of latest and most advanced galvanization technology having an impressive annual production capacity of 96,000 MT. The facility is geared to manufacture high quality galvanized products such as transmission line monopoles of up to 3 meter diameter in size, up from current capacity to produce 1.6 meter diameter monopoles. These higher meter diameter poles will be used in high KVA transmission lines offering us better revenue prospects. Moreover, this expansion enables us to manufacture large sized structures in sectors such as infrastructure, construction, automotive, and more. This strategic investment not only enhances our production capacity but also positions us as a prominent player in providing high-quality galvanized products to meet the ever evolving needs of our customers.

As we look to the future, we anticipate that our strong performance will remain resilient, underpinned by robust demand and the exceptional performance exhibited in the nation. On the energy front, the Central Electricity Authority (CEA) initially projected a peak power demand of 230 GW for the 2023-24 period however, the actual demand surged to an unprecedented 240 GW, prompting an upward revision for the next year, now estimated at 256.6 GW. This surge in power demand will drive the need for infrastructure development, generating significant demand for our products and giving us good revenue visibility for us.

In the telecommunications industry, we are currently witnessing a pivotal moment marked by significant potential, driven by the deployment of 5G technology and the government's increasing commitment to bolster the nationwide 4G infrastructure. In line with this, the two leading operators of India has already introduced 5G services in over 3,500 cities and towns, with comprehensive urban coverage expected to be achieved within this year. Remarkably, approximately 2,75,000 5G base transceiver stations (BTS) have been deployed by these operators across the country, exemplifying the nation's progress in the telecommunications sector. This robust growth and unwavering commitment exhibited by the telecom industry presents us with a significant opportunity to manufacture and supply the towers needed to meet the increasing demand.

Moreover, India is presently undergoing a notable upswing in the demand for steel, largely propelled by the construction sector and ongoing infrastructure initiatives. We expect this surge in steel demand to intensify with the commencement of new projects in upcoming years providing us good revenue visibility.

Lastly, We remain focused on our core mission of delivering exceptional engineering and construction solutions to our customers while driving sustainable growth to our stakeholders. We will continue to invest in our network and technology, while also exploring new opportunities for growth and innovation. We would like to conclude by thanking our whole team who have stood tall with us in every situation.”

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

BUSINESS OUTLOOK - EXCITING TIMES AHEAD

Economic Outlook

• The government's ongoing emphasis on infra- structure development creates opportunities for the company to participate in major projects and contribute to the growth of the sector

• With steel prices stabilized, the company can offer more competitive pricing to customers, potentially leading to increased market demand and sales.

Riding On Multiple Growth Levers

• The Company's renewable business is set to benefit from the growth of renewable energy in India, creating a favorable environment that will contribute to its progress and success

• Poised to benefit from the increasing demand for electricity, presenting opportunities for revenue growth

• The introduction of 5G technology is expected to drive a surge in demand for telecom towers in India.

• The Company can capitalize on the government's objective of electrifying railways, opening avenues for business expansion.

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

THE ESG WAY

ENVIRONMENT

SOCIAL

GOVERNANCE

STEL is committed towards a cleaner, greener, and healthier environment.

STEL

reducing energy carbon consumption emission by installing rooftop solar panels.

and

STEL is contributing towards skill development among the local population.

STEL is undertaking extensive initiatives within the CSR Policy.

and

STEL is creating a professional in board professional KMPs as part of compliance and professional ethics.

bringing

STEL is contributing towards increasing green cover around areas of its presence.

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

CAPITAL MARKET INFORMATION

Shareholding Pattern as at 30th September, 2023

Market Price Performance

Particulars

% Shareholding

Promoter and Promoter Group

Institutions

Public

LATOT

Market Indicators

Incorporated

Listed on

63.07%

9.00%

27.93%

%00.001

2006

BSE & NSE

BSE Scrip Code/ NSE Symbol

540642/ SALASAR

Issued Shares

Share Price (as at 7th Nov, 2023)

Market Capital (Rs. million)

52 Weeks High/Low

31,57,05,280

46.41

14,651 Mn.

58.30/27.85

₹ 51.75

₹ 47.80

₹ 43.52

₹ 54.26

₹ 50.94

₹ 50.14

₹ 51.78

₹ 42.10

₹ 42.57

₹ 45.19

₹ 46.64

₹ 35.35

₹ 39.91

NOV-22

DEC-22

JAN-23

FEB-23

MAR-23

APR-23

MAY-23

JUN-23

JULY-23

AUG-23

SEP-23

OCT-23

NOV-23

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

THANK YOU

For further information on the Company, please visit - www.salasartechno.com Email: compliance@salasartechno.com Contact: +91 172 466 7111

Krunal Shah | Naman Maheshwari Captive IR Strategic Advisors Pvt. Ltd. Email: krunal@cap-ir.com / naman@cap-ir.com Contact: +91 93724 67194

Investor Presentation Nov 2023 A Seasoned, Expert, Dependable And Agile Infrastructure Enabler

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