KEC International Limited

14%

ENDED 31 DECEMBER 2023 KEC delivers Robust growth in Revenue and Profitability Revenue grows by 14% in Q3 and 17% in 9M EBITDA grows by 54% in Q3 and 51% in 9M; EBITDA Margin expands by 160 bps to

17%

BER 2023 KEC delivers Robust growth in Revenue and Profitability Revenue grows by 14% in Q3 and 17% in 9M EBITDA grows by 54% in Q3 and 51% in 9M; EBITDA Margin expands by 160 bps to 6.2% in Q3 P

54%

st growth in Revenue and Profitability Revenue grows by 14% in Q3 and 17% in 9M EBITDA grows by 54% in Q3 and 51% in 9M; EBITDA Margin expands by 160 bps to 6.2% in Q3 PAT grows by ~6 times in Q3 a

51%

evenue and Profitability Revenue grows by 14% in Q3 and 17% in 9M EBITDA grows by 54% in Q3 and 51% in 9M; EBITDA Margin expands by 160 bps to 6.2% in Q3 PAT grows by ~6 times in Q3 and ~2 times in

160 bps

rows by 14% in Q3 and 17% in 9M EBITDA grows by 54% in Q3 and 51% in 9M; EBITDA Margin expands by 160 bps to 6.2% in Q3 PAT grows by ~6 times in Q3 and ~2 times in 9M Record Order Book + L1 of over Rs.

6.2%

in Q3 and 17% in 9M EBITDA grows by 54% in Q3 and 51% in 9M; EBITDA Margin expands by 160 bps to 6.2% in Q3 PAT grows by ~6 times in Q3 and ~2 times in 9M Record Order Book + L1 of over Rs. 38,000

Rs. 38,000 crore

bps to 6.2% in Q3 PAT grows by ~6 times in Q3 and ~2 times in 9M Record Order Book + L1 of over Rs. 38,000 crore Mumbai, January 30, 2024: KEC International Ltd., a global infrastructure EPC major and an RPG Gr

Rs. 5,007 crore

2023. Consolidated Financial Performance: Q3 FY24 v/s Q3 FY23 9M FY24 v/s 9M FY23 Revenue: Rs. 5,007 crore against Rs. 4,375 crore Revenue: Rs. 13,749 crore against Rs. 11,757 crore EBITDA: Rs. 308 cror

Rs. 4,375 crore

nancial Performance: Q3 FY24 v/s Q3 FY23 9M FY24 v/s 9M FY23 Revenue: Rs. 5,007 crore against Rs. 4,375 crore Revenue: Rs. 13,749 crore against Rs. 11,757 crore EBITDA: Rs. 308 crore against Rs. 200 crore

Rs. 13,749 crore

Y24 v/s Q3 FY23 9M FY24 v/s 9M FY23 Revenue: Rs. 5,007 crore against Rs. 4,375 crore Revenue: Rs. 13,749 crore against Rs. 11,757 crore EBITDA: Rs. 308 crore against Rs. 200 crore EBITDA: Rs. 827 crore agai

Rs. 11,757 crore

v/s 9M FY23 Revenue: Rs. 5,007 crore against Rs. 4,375 crore Revenue: Rs. 13,749 crore against Rs. 11,757 crore EBITDA: Rs. 308 crore against Rs. 200 crore EBITDA: Rs. 827 crore against Rs. 546 crore EBITD

Rs. 308 crore

5,007 crore against Rs. 4,375 crore Revenue: Rs. 13,749 crore against Rs. 11,757 crore EBITDA: Rs. 308 crore against Rs. 200 crore EBITDA: Rs. 827 crore against Rs. 546 crore EBITDA Margin (Y-o-Y): 6.2% a

“The Company cannot guarantee that these assumptions and expectations are accurate or exhaustive or will be realised.”

“2 1 Overview – RPG Group & KEC International Hon’ble Prime Minister, Narendra Modi ji recently inaugurated the new Pandit Deen Dayal Upadhyay-Bhaupur freight corridor section in Uttar Pradesh KEC is proud to have partnered with Siemens India & DFCCIL to commission the Signalling & Telecommunication System of this prestigious project 3 RPG Group: Powered by Passion, Driven by Ethics UNLEASHTALENT TOUCHLIVES OUTPERFORM AND ☺ RPG Enterprises was founded in 1979.”

“182 Cr with a good growth of 15% YoY • Secured an order for composite station works • Exploring international opportunities and have been approved by a leading global energy company based in the Middle East • Execution in progress of our largest solar project of 600 MWp in Karnataka • Continue select to bid actively opportunities in line with the sustained to commitment of promote renewable energy the government for • Achieved Revenues of Rs.”

“130,000 Cr 19 4 Environmental, Social and Governance (ESG) Eye camps being organized at project sites ESG & Sustainability Goals and Status Happiness Quotient Diversity & Inclusion Target: Increase Happiness Quotient to 85% by FY26 Target: Increase in diversity by 25% by FY26”

“Diversity has increased by 39% in FY23 vis-à-vis FY21 Occupational Heath & Safety Target: Work towards the goal of achieving Zero accidents”

“LTIFR has reduced to 0.25 in FY23 vis-à-vis 0.68 in FY21, a reduction of 63% Corporate Social Responsibility Target: Reach 2 lac CSR beneficiaries by FY 26”

“CSR beneficiaries for FY23 are 5.7 lakh (includes COVID-19 response beneficiaries of 2 lakh) Circularity Target: Zero waste to landfill by FY 26 for manufacturing plants”

“Waste to landfill has reduced by 51% in FY23 vis-à-vis FY21 Water Positive Approach Energy Consumption Carbon Emission Sustainable Procurement Target: Reduce water consumption intensity in manufacturing plants by 20% by FY26 Target: Reduce energy consumption intensity of manufacturing plants by 15% by FY26”

“Energy consumption intensity has reduced by 27% in FY23 vis-à-vis FY21 Target: Reduce Greenhouse Gas (GHG) emissions intensity of manufacturing plants by 20% by FY26”

“GHG emission intensity has reduced by 18% in FY23 vis-à-vis FY21 Target: 100% of key suppliers to be assessed under ESG criteria by FY23”

Status

9

Consolidated Financial Performance

1

Standalone Financial Performance

1

Order Intake

1

Order Book

1

Consolidated Net Debt and Net Working Capital

1

Inter SBU

1

Consolidated Financial Performance

Q3 FY24 v/s Q3 FY23 9M FY24 v/s 9M FY23 Revenue: Rs. 5,007 crore against Rs. 4,375 crore Revenue: Rs. 13,749 crore against Rs. 11,757 crore EBITDA: Rs. 308 crore against Rs. 200 crore EBITDA: Rs. 827 crore against Rs. 546 crore EBITDA Margin (Y-o-Y): 6.2% against 4.6% EBITDA Margin: 6.0% against 4.6% EBITDA Margin (Q-o-Q): 6.2% against 6.1% Interest as % to Revenue: 3.3% against 3.4% Interest as % to Revenue: 3.6% against 3.2% PBT: Rs. 121 crore against Rs. 11 crore PBT: Rs. 233 crore against Rs. 75 crore PBT Margin: 2.4% against 0.3% PBT Margin: 1.7% against 0.6% PAT: Rs. 97 crore against Rs. 18 crore PAT: Rs. 195 crore against Rs. 104 crore PAT Margin: 1.9% against 0.4% PAT Margin: 1.4% against 0.9% Registered Office: RPG House, 463, Dr. Annie Besant Road Worli, Mumbai 400030, CIN: L45200MH2005PLC152061, India. An Company

Standalone Financial Performance

Q3 FY24 v/s Q3 FY23 9M FY24 v/s 9M FY23* Revenue: Rs. 4,398 crore against Rs. 3,868 crore Revenue: Rs. 12,082 crore against Rs. 10,452 crore EBITDA: Rs. 211 crore against Rs. 180 crore EBITDA: Rs. 564 crore against Rs. 644 crore EBITDA Margin (Y-o-Y): 4.8% against 4.7% EBITDA Margin: 4.7% against 6.2% EBITDA Margin (Q-o-Q): 4.8% against 4.6% Interest as % to Revenue: 3.3% against 3.2% Interest as % to Revenue: 3.6% against 2.9% PBT: Rs. 56 crore against Rs. 28 crore PBT: Rs. 71 crore against Rs. 203 crore PBT Margin: 1.3% against 0.7% PBT Margin: 0.6% against 1.9% PAT: Rs. 44 crore against Rs. 15 crore PAT: Rs. 55 crore against Rs. 151 crore PAT Margin: 1.0% against 0.4% PAT Margin: 0.5% against 1.4% *PBT of 9M FY23 included an exceptional item of Rs. 76 Cr towards provision for impairment of subsidiary in SAE Brazil

Order Book

YTD order book + L1 position stands at a record level of over Rs. 38,000 crore (Including L1 position of over Rs. 8,000 crore).

Consolidated Net Debt and Net Working Capital

▪ Net Debt including Acceptances stands at Rs. 6,045 Cr as on 31 Dec’23, a reduction of ~Rs. 300 Cr vis-à-vis 30 Sep’23; despite a sequential increase in revenue of over Rs. 500 Cr. ▪ Net Working Capital (NWC) stands at 129 days as on 31st Dec’23 – Reduction of 4 days vis-à-vis 30th Sep’23. Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We have delivered an impressive performance for the quarter, marked by robust revenue growth, a noteworthy increase in profitability and positive developments in working capital. The Transmission and Distribution (T&D) and Civil businesses have been the primary growth drivers. Our EBITDA margins continue to show an upward trajectory with an improvement every quarter with the margins increasing by a good 160 basis points, from 4.6% in Q3 FY23 to 6.2% in Q3 FY24. SAE Towers delivered a positive Profit Before Tax (PBT) for the third consecutive quarter. With a record order book & L1 position of over Rs 38,000 crore and a promising tender

Inter SBU

Total Net Sales T&D Share Non T&D Share *Others include Solar/ Cabling 2,723 2,383 340 2,475 1,099 653 182 383 157 -192 5,007 54% 46% 2,234 1,889 345 2,309 845 910 159 368 27 -168 4,375 51% 49% 22% 26% -2% 7% 30% -28% 15% 4% 479% 14% 7,072 6,091 981 7,180 3,108 2,193 414 1,185 280 -502 13,749 51% 49% 5,924 4,993 931 6,265 2,183 2,502 332 1,176 72 -433 11,757 50% 50% 19% 22% 5% 15% 42% -12% 25% 1% 287% 17% 16 Borrowings & Working Capital (Consolidated) Particulars I) Net Debt II) Interest Bearing Acceptances Total (I + II) 31-Dec-23 31-Dec-22 Increase/ (Decrease) 30-Sep-23 Increase/ (Decrease) 31-Mar-23 Increase/ (Decrease) (₹ crore) 4,445 1,600 6,045 3,432 2,185 5,617 1,013 -585 428 4,491 1,848 6,339 -46 -248 -293 2,872 2,113 4,985 1,574 -513 1,061 ❑ Net debt including acceptances stand at Rs. 6,045 Cr as on 31 Dec’23, a reduction of Rs. 293 Cr vis-à-vis 30 Sep’23. This is despite a sequential increase in revenue of over Rs. 500 Cr. ❑ Net Working Capital (NWC) has been brought down by

Status

Diversity has increased by 39% in FY23 vis-à-vis FY21 Occupational Heath & Safety Target: Work towards the goal of achieving Zero accidents