Ref No: PSPPROJECT/SE/28/23-24 July 27, 2023

Corporate Relations Department Listing Department

BSE Limited National Stock Exchange of India Limited
Floor 25, P.J. Towers, Exchange Plaza, Bandra Kurla Complex,
Dalal Street, Mumbai- 400 001 Bandra (East), Mumbai – 400 051
Scrip code: 540544 Scrip Symbol: PSPPROJECT

Dear Sir/Madam,

Subject: Investor Presentation for the quarter ended June 30, 2023

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015, please find enclosed herewith the Investor Presentation for the quarter
ended June 30, 2023.

Kindly take the same on your record.

Thanking You,

Yours faithfully,

For PSP Projects Limited

Digitally signed
PATEL by PATEL KENAN
KENAN SURESHBHAI
SURESHBHAI Date: 2023.07.27
14:46:17 +05'30'

Kenan Patel
Company Secretary and Compliance officer

Encl: As Above
 Investor
Presentation
Q1FY24
July 2023

www.pspprojects.com

©2021 – PSP Project Ltd., All Rights Reserved. 1

Contents
01 PSP Projects Limited - Build to Last:
The growth story In a Nutshell

02 A look at the quarter gone by

03 Indian Construction Industry

04 The drivers that transcended PSPs growth since inception

05 Precast Facility:
Enhancing capabilities. Exploring newer technologies.

06 Investment Rationale

07 Project Profile

08 Key Strategy to strengthen the legacy of trust

associated with PSP Brand going forward

09 Awards and Recognition

©2021 – PSP Project Ltd., All Rights Reserved. 2

 PSP Projects limited – Build to Last
The growth story in a Nutshell

▪ Incorporated in 2008, successfully led by First Generation Civil As on 30 June 2023

engineer having 37 years of experience.

▪ India based construction company offering a diversified range 1,800+

of construction and allied services across industrial, Workforce
institutional, government, government residential and 210 48
residential projects. ₹5,321 crore Completed On-going
Order Book Projects Projects
▪ Integrated EPC company across construction value chain from ₹1,850cr
During Q1FY24 FY23
Design, Construction, Mechanical, Electrical, Plumbing (MEP), Largest Project
Interior, O&M Services.
till Date

▪ Geographically diversified with presence in six states viz.

Gujarat, Rajasthan, Karnataka, Uttar Pradesh, Maharashtra and ₹758 5 ₹3,421 22 'CARE A+; Stable /
New Delhi. crore Completed crore Completed CARE A1+
Order Inflow Projects Order Inflow Projects Credit Rating
▪ Listed on NSE and BSE on May 29, 2017, raising Rs.211.68
crore.
5-year CAGR
21.43% 17.28% 15.65%
▪ In December 2021, commissioned Precast facility in Gujarat Growth Rate Revenue from
with the objective to provide sustainable building solutions and FY18-FY23 EBITDA PAT
Operations
technological upgradation aiding in captive consumption.
PSP Projects has entered the league of handling higher value projects
©2021 – PSP Project Ltd., All Rights Reserved.
thereby competing with select few notable companies in the segment. 3
 A Look at the
Quarter gone by

www.pspprojects.com

©2021 – PSP Project Ltd., All Rights Reserved. 4

Financial Performance during Q1FY24
Q1FY24 Standalone Highlights

Revenue from Operations1 (₹ crore) EBIDTA1 (₹ crore) & EBITDA Margin (%)
YoY Growth 48% YoY Growth 37%
14% 13%
11%
90 16%

80 14%

727
78
70
12%

60

65
10%

510
50
8%

47
40

6%

345 30

4%
20

10 2%

- 0%

Q1FY23 Q4FY23 Q1FY24 Q1FY23 Q4FY23 Q1FY24

PAT1 (₹ crore) & PAT Margin (%) Earnings Per Share (₹)
YoY Growth 29%
50 8% 6% 9%

45 7% 8%

40
46 7%
12.86
35
6%

30 37 5% 10.20
29
25

20
4%
7.91
3%
15

2%
10

5 1%

- 0%

Q1FY23 Q4FY23 Q1FY24 Q1FY23 Q4FY23 Q1FY24

©2021 – PSP Project Ltd., All Rights Reserved. Notes: (1) Numbers have been rounded off
Standalone Profit & Loss : Q1FY24
Particulars (₹ Lakhs) Q1 FY24 Q1 FY23 Y-o-Y Q4 FY23 Q-o-Q FY23 FY22 Y-o-Y
Revenue from Operations 50,956.03 34,524.24 48% 72,741.00 -30% 1,92,664.91 1,74,875.88 10%

Cost of materials consumed including WIP 19,306.45 10,206.57 22,600.16 57,734.61 49,996.22
Construction Expenses 21,538.97 16,889.27 38,589.44 1,00,470.38 89,132.40
Employee benefits expense 2,818.75 2,179.13 2,569.76 9,345.15 7,233.92
Other expenses 827.23 538.49 1,216.61 2,613.56 2,862.63
Total Operating Expenses 44,491.40 29,813.46 49% 64,975.97 -32% 1,70,163.70 1,49,225.17 14%

EBITDA 6,464.63 4,710.78 37% 7,765.03 -17% 22,501.21 25,650.71 -12%

EBITDA Margin 12.69% 13.64% 10.67% 11.68% 14.67%
Other Income 570.45 561.65 666.48 2,709.56 2,125.54
Finance costs 908.42 559.40 918.80 3,195.94 2,639.62
Depreciation 1,184.67 872.35 1,237.59 4,000.52 3,205.28
Profit Before Tax and Exceptional Item 4,941.99 3,840.68 29% 6,275.12 -21% 18,014.31 21,931.35 -18%

Exceptional Gain/(Loss)(net of tax) - - - - -

Profit Before Tax and after Exceptional Item 4,941.99 3,840.68 29% 6,275.12 -21% 18,014.31 21,931.35 -18%

Tax Expense 1,269.68 991.73 1,644.06 4,712.49 5,690.93

Other comprehensive income 2.30 2.30 2.29 9.20 -128.18
Profit After Tax 3,674.61 2,851.25 29% 4,633.35 -21% 13,311.02 16,112.24 -17%
PAT Margin (%) 7.13% 8.13% 6.31% 6.81% 9.10%
Earnings Per Share (₹) 10.20 7.91 12.86 36.95 45.11

©2021 – PSP Project Ltd., All Rights Reserved. 6

Management Commentary on Key Highlights
• On the world environment day, we planted more than 10,000 trees in a single day at
Ruppur village of Patan district in the state of Gujarat.
We continue to grow organically by
• Surat Diamond Bourse now has the title of the “The World’s Largest Office Building”
focusing on executing projects in a bigger than Pentagon as featured on CNN
timely manner while maintaining
• During Q1FY24, the revenue from operations grew by 48% to Rs.510 crore. The EBIDTA
consistent quality. grew by 37% to Rs.65 crore. The EBIDTA margin for the quarter is at 12.7%. As I have
always mentioned, our margin profile will be in the range of 11%-13% depending upon
the stages and execution of the projects. The margin improvement is largely supported by
advanced stage of work at our UP site.

• Outstanding order book was to the tune of Rs.5,321 crore a 15% YoY growth over
Q1FY23.
• Order inflow to the tune of Rs.758 crore excluding GST. The order inflow grew by 38% YoY.
• Development of Tourist/ Pilgrimage destination at Dharoi Dam
• Design Build project for BAPS Sabha Hall at Vadodara and Surat
Mr. Prahaladbhai Patel • Two commercial complexes in Surat
• During the quarter, the company completed 5 projects viz:
CHAIRMAN, MD AND CEO • Construction of Money Plant high street in Ahmedabad
PSP PROJECTS LIMITED • Reliance Corporate House in Ahmedabad
• Construction of the Adani International School at Adani Shantigram
• Construction of Precast Factory Shed & Precast Corporate House in Gandhinagar
• During Q1FY24, the revenue booked from the UP projects is to the tune of Rs.196 crore
and as on date the cumulative revenue booked is Rs.915 crore.

©2021 – PSP Project Ltd., All Rights Reserved. 7

Annual Financial Performance
Revenue from Operations1 (₹ Crore) EBITDA1 (₹ Crore) PAT1 (₹ Crore)
#CAGR : 21% #CAGR : 17% #CAGR : 16%

161
257
1,927
1,749 225 129 133

1,499 191

1,241 90
149
1,044 135 81

510 65 37

FY19 FY20 FY21 FY22 FY23 Q1FY24

FY19 FY20 FY21 FY22 FY23 Q1FY24 FY19 FY20 FY21 FY22 FY23 Q1FY24

Notes: # CAGR based on five years completing on 31.03.2023 (FY23)

(1) Numbers have been rounded off
©2021 – PSP Project Ltd., All Rights Reserved. 8
Business Robustness in Numbers
EBITDA / Revenue from Operations Profit After Tax / Total Revenue
EBITDA Margin% PAT Margin%

14.3% 14.7%

12.7% 12.7%
11.7%
10.9%

9.1%
8.5% 8.5%

6.8% 7.1%
6.4%

FY19 FY20 FY21 FY22 FY23 Q1FY24 FY19 FY20 FY21 FY22 FY23 Q1FY24

©2021 – PSP Project Ltd., All Rights Reserved. 9

Prudent Working Capital Cycle in Construction Space
▪Despite the business being WC intensive, PSP Projects has 82
industry’s best working capital cycle of 41 days. 76
70
65 65

55 55 54
53
50

41

29
26 26 28
24 26
21 17
15

FY19 FY20 FY21 FY22 FY23

Inventory (Days) Receivable (Days) Payable (Days) Working Capital Cycle (Days)

©2021 – PSP Project Ltd., All Rights Reserved. Notes: (1) Numbers have been rounded off 10
Along with comfortable Leverage Position
▪Comfortable leverage at 0.18 times (FY23), providing adequate room to
raise debt in future.

FY19 FY20 FY21 FY22 FY23

Total Debt (₹ crore) 26 75 81 100 145
Networth (₹ crore) 371 457 538 685 800
Debt-Equity (x) 0.07 0.16 0.15 0.15 0.18

Particulars (₹ Crore) FY19 FY20 FY21 FY22 FY23

Total Debt 26.25 74.85 80.96 99.66 144.98
Cash and Bank Balance 35.05 41.21 115.33 87.59 93.85
Fixed Deposit 213.32 209.36 141.17 249.87 246.48
Total Cash and Bank Balance 248.37 250.57 256.50 337.46 340.33

Net Debt -222.12 -175.73 -175.54 -237.80 -195.35

▪A negative Net Debt implies ample cash and cash equivalents to pay off the short & long-term debt of the company.
©2021 – PSP Project Ltd., All Rights Reserved. Notes: (1) Numbers have been rounded off 11
 Indian Construction
Industry

www.pspprojects.com

©2021 – PSP Project Ltd., All Rights Reserved. 12

An Important growth driver of India’s Economy
Initiatives taken by GoI to bolster growth in construction sector

8% Governments Push
FDI Inflow
Construction Industry’s ▪ Under Budget 2023-24, capital investment outlay for infrastructure
increased by 33% to ₹ 10 lakh crore, 3.3% of GDP; comprising 3x the
▪ The infrastructure and construction sector is
contribution to India’s GDP
outlay of 2019-20 allowed for 100% foreign investment through
automatic route.
▪ High-speed bullet trains and metro rail, construction of Delhi-
Mumbai Industrial Corridor, concept of sustainable smart cities like
15.9% GIFT City, hospitals and greenfield industrial smart city projects are
Growth contributing to India’s dynamic transformation
Consolidation
Industry is expected to register an ▪ GoI announced an ambitious project of adding 100 new airports by
2024
▪ Consolidation in the private sector will further
annual growth of 15.9% in real
intensify as stronger players will become more
terms in 2021, following a decline ▪ 157 new nursing colleges will be established in co-location with the
of 12.3% in 2020. stronger by gaining market share
existing 157 medical colleges established since 2014
▪ Since 2016-17, the budget for the Pradhan Mantri Awas Yojana, the
flagship housing scheme of the government, has increased 280%
$5tn from ₹ 20,936 crore to ₹ 79,590 crore in the latest 2023-24 budget. Pandemic induced Incentives
Economy ▪ National Infrastructure Pipeline (NIP) earmarked 7,400 projects
focused on building roads, housing, urban development, railways,
▪ GoI has introduced favourable policies such as
GoI’s intent of lowering the bank guarantee requirement, faster
conventional power, renewable energy, and irrigation.
becoming a $5tn economy clearance of bills, and speedier clearances /
it plans to achieve through ▪ Allocated ₹ 6,450 crore in Union Budget 2021-22 for the Smart Cities approvals.
infrastructure development due to Mission
the high multiplier effect

We believe that owing to healthy balance sheets, access to capital and many unlisted/weaker players being shunted out of
the market, the market share of large organized players is set to grow further in the next 2-3 years
©2021 – PSP Project Ltd., All Rights Reserved. 13
 Drivers that transcended
PSPs growth since
inception

www.pspprojects.com

©2021 – PSP Project Ltd., All Rights Reserved. 14

Hybrid Approach with presence in Private and Public projects

Industrial Projects Institutional Projects Government Projects Government Residential Projects

Construction of industrial buildings Construction of buildings for Undertake various challenging and Residential Projects Construction of private residential
for pharmaceuticals, Tyre, Dairy, hospitals and healthcare services, prestigious real estate and infrastructure Execution of prestigious residential- buildings for group housing,
Engineering companies, etc. educational institutes, malls, projects spearheaded by the cum-commercial projects, townships and independent houses
hospitality services and corporate government and PSUs such as CM’s spearheaded by the government in for select private customers
offices Office, Riverfront Development project, the affordable housing category
Renovation of Vidhansabha Building under Mukhya Mantri GRUH Yojana

66* 92* 30* 03* 19*

* Number of Projects Completed as on 31 March 2023

Oder Book across Private & Public FY20 FY21 FY22 FY23 Q1FY24
▪ Outstanding order book as on 30 June 2023: ₹5,321
Projects1 (₹ crore)
2,708
2,621 crore
1,968
1,807

▪ Government projects comprised 55% of the order

1,586

1,421

book as on Q1FY24 vs 56% in FY23.

1,092
973

967 ▪ By diversifying skill sets and order book across

744
730
632

572

600
518
490
482
542

456
different projects, PSP Projects can pursue a
300

193
170

197
broader range of project tenders and consequently,

83
38

optimize business volume and profit margins

Industrial Institutional Government Govt. Resi. Residential
©2021 – PSP Project Ltd., All Rights Reserved. Notes: (1) Numbers have been rounded off 15
Robust Order Book and Growing Pre-Qualification Credentials

Growing Order Book1 (₹ crore) Work on hand across Private and Public Projects

5,321 As on Q1FY24
5,052
10%
4,324
4,121

2,978 3,074

27%
51%

9%
4%
FY19 FY20 FY21 FY22 FY23 Q1FY24

Government Govt Residential Industrial Institutional Residential

Notes: (1) Numbers have been rounded off 16

©2021 – PSP Project Ltd., All Rights Reserved.
Confidence to replicate the Success Story outside Home State
▪ Being headquartered in Ahmedabad, not only is the company
strategically located in the core market of Gujarat but have Growing Geographical Footprint
gradually expanded its presence to six different states of India,
establishing a pan-India presence.
▪ Now, PSP is present in six states viz. Gujarat, Rajasthan, UP,
As on Q1FY24
Karnataka, New Delhi and Maharashtra.
▪ Initially, PSP established itself as a renowned name in the
construction space in Gujarat construction market, after 8
years of operations only in 2016 did PSP hatch out of Gujarat.
Badaun
▪ Dairy Project for Bangalore Milk Union Limited in Karnataka New Delhi Lucknow
Kanpur
Kushinagar 21%
and Medical College & Hospitals at two locations in Rajasthan Auraiya
are key projects completed outside the state of Gujarat. Sultanpur
Varanasi
Vadnagar Sonbhadra
79%
Ahmedabad Gandhinagar Lalitpur
Jamnagar Dahod
Lothal Nadiad
Key on-going projects outside Gujarat (₹ crore) Bhavnagar Vadodara
Pipavav Dahej Surat
Vapi
Bhiwandi
UTTAR P RAD ESH: EPC projects for Medical Pandharpur
1 1,491
Colleges and Hospitals at 7 locations in Uttar Pradesh

Kanakpura Gujarat UP
Mandya
2 UTTAR P RAD ESH : Affordable Housing project 239

©2021 – PSP Project Ltd., All Rights Reserved. 17

Belief, Trust and Support of Customers

Proven Track Record Ethics & Trust Biggest Project

In delivering projects on-time and quality Strong work Ethics makes PSP a
projects, the faith and confidence rested by the favourable and preferred choice Surat Diamond Bourse
clients can be assessed by esteemed projects and
repeat orders secured over the years. Worked with more than 100
private and public clients across India

PSP has repeatedly serviced projects for:

Zydus Cadila Group 29
Torrent Group 15
UP – Public Works Department 8
Sabarmati Riverfront 8 SDB is the world’s largest office building on
Adani Group 7 a single basement.
Claris Group 6
Road & Building, Gujarat 4
It’s a ₹1,850 crore project, 66 lakh sq. ft.
Reliance 2 With completion of this project, the company
Intas Group 2 has entered the league of handling prestigious
As on FY22 projects up to ₹2,500* crore.
©2021 – PSP Project Ltd., All Rights Reserved. 18
 Clientele with High Quality Business
Work on Hand as on 30 June 2023 - (Major Projects) | [₹ Crore]
Contract Outstanding
Description of Project Location Name of the Client
value Contract Value
SMC Highrise building Gujarat Municipal Corporation 1,344 1,249

Medical Colleges & Hospital at 7 Locations Uttar Pradesh Public Works Depratment 1,491 576

Sports Complex Gujarat Municipal Corporation 504 409

Dharoi Dam Gujarat State Government 317 317

Noodle Factory Phase II & III Gujarat Multinational 315 252

Corporate Office Building Gujarat Private Company 290 220

Residential Project Gujarat Private Company 252 197

Residential Buildings of PAC Mahila Battalion at Badaun Uttar Pradesh Public Works Department 239 193

BAPS Sabha Hall at Vadodara and Surat Gujarat Institutional 260 260

National High Speed Project (Precast) Gujarat L&T 195 195

Commercial Building in Surat Gujarat Institutional 139 139

Tallest Residential in GIFT city Gujarat Nila Infra 122 108

Total 5,467 4,115

©2021 – PSP Project Ltd., All Rights Reserved. 19

The Team that made PSP fulfil its ambitions
Ably Supported by Experienced Professionals

Mahesh Patel Maulik Patel Hetal Patel Viplav Shah Pratik Thakkar
Senior Vice President - Operations Vice President - Procurement Chief Financial Officer Vice President - Planning General Manager - BD

▪ Holds a diploma in civil ▪ Attended the course for ▪ Member of the Institute of ▪ Diploma in Construction ▪ Pratik Thakkar is General
engineering bachelor’s degree in commerce Chartered Accountants of India Technology from School of Manager - Business
and holds a masters degree in Building Science & Technology Development of the company
▪ Heads the project operations ▪ Heads the procurement,
commerce from Gujarat (Currently CEPT University) and
management of plants and ▪ Bachelor’s degree in commerce
▪ He has been an instrumental University Management Education
machineries and form works. and diploma in marketing
part of all the projects Program from IIM Ahmedabad.
▪ Also a certified internal auditor management
completed by PSP Projects till ▪ He has been associated with
from the Institute of Internal ▪ He brings 26 years of
date. the company since inception ▪ Experience in Business
Auditors (USA) experience in the construction
and played a pivotal role in Development
▪ He has been with the company field.
PSP’s growth. ▪ With the company since a
since inception ▪ Associated with the company
decade.
since 8+ years

©2021 – PSP Project Ltd., All Rights Reserved. 20

Leadership and Management

Prahaladbhai Patel Pooja Patel Sagar Patel Sandeep Shah Vasishtha Patel Achala Patel
Chairman, MD and CEO Whole Time Director Executive Director Independent Director Independent Director Independent Director

▪ Bachelor’s degree in civil ▪ Bachelor’s degree in civil ▪ Bachelor’s degree in civil ▪ Double bachelor’s degree in ▪ Bachelor’s degree in ▪ Post Graduate and
engineering from Saurashtra engineering from Gujarat engineering from commerce and law from business administration M.Phil from school of
University, and has been Technological University and Gujarat Technological Gujarat University. from Sardar Patel languages, Gujarat
working in the civil a post-graduate diploma in University. ▪ He is currently a director of University and a master’s University. A Gold
construction space by way of financial management from Creative Infotech Private degree in business Medallist and 1st rank
▪ He is actively involved in
a proprietorship business, Ahmedabad Management Limited. administration from holder at University
project planning, project
before the incorporation of Association. South Gujarat University. level.
tendering, contracts, and ▪ He has many years of
PSP Projects Limited.
▪ She has been actively execution of projects. experience in the business of ▪ 21+ years of experience ▪ Founder and Designated
▪ Experience of 37 years in the involved in planning of information technology in management and Partner of MAP Power
construction space, and has projects, procurement of products and services. exports. LLP and Chopper Worx
played a significant role in the materials and execution of Construction LLP.
growth of PSP Projects since ▪ Held managerial
projects for PSP Projects
position in international ▪ Actively involved in the
its incorporation. Limited since 2015.
division of several business of high voltage
▪ Featured in the book titled ▪ Represented PSP Projects in companies. power transmission
‘Business Game Changers: Indian Concrete Institute representing few
Shoonya se Shikhar’ authored ▪ Currently a MD of
Chapter-1, Ahmedabad. European companies in
by Prakash Biyani. Multico Exports Private
India and in few
Limited, which is
neighbouring countries
involved in the export of
since more than 17
pharmaceuticals.
years.

©2021 – PSP Project Ltd., All Rights Reserved. 21

15 years of journey of Constructing Buildings
Started Operations in
Uttar Pradesh with a Awarded to construct
SAP Implementation marquee projects tallest temple in the
"Beautification of Sri world
Kashi Vishwanath
Started Operations Awarded to construct
Dham"
in Karnataka & tallest residential
Started Turnkey projects in Gujarat
Rajasthan Started
Awarded project for Projects
work for Construction of Entry in Airport
Beautification of PSP's Precast segment
Incorporation
riverfront Manufacturing unit

2008 2009 2010 2011 2014 2015 2016 2017 2020 2021 2022 2023

In Jan.2023, PSP was

PSP Projects awarded an order of
Acquired
Listed on NSE & ₹ 1,344 crore from
business of Awarded order to Awarded 7 Medical
BSE Surat Municipal
BPC Projects construct 72-Meter- Started design & College & Hospitals
build (EPC) project on EPC Basis in UP Corporation for
High Hospital,
for Affordable construction of tallest
Ahmedabad
Housing in administrative
Commissioned building.
Awarded project Ahmedabad the precast
to construct
factory
Medical College
& Hospital for Awarded project for
construction of CM’s Awarded Surat Inauguration of Kashi
Leading Medical
office 1st Order inside the Vishwanath Dham by
Socitey, Diamond Bourse
first Smart City - GIFT Honourable PM
Ahmedabad Project
City, Later PSP did 6 Narendra Modi ji
Projects in GIFT
©2021 – PSP Project Ltd., All Rights Reserved. 22
Precast Facility
Enhancing captive capabilities. Exploring newer technologies
A state-of-the-art manufacturing plant of precast concrete building.
Benefits of Precast
Production Capacity Manufacturing Facility
Phase I

1 Mn. Sq. ft. ▪ Reduces labour-intensive

traditional building methods by
way of maximum prefabrication
Spread across and use of cutting-edge
technology,
60 Acres
▪ Thereby reducing turnaround time
for projects,
Project Cost
▪ Unlocks the best land potential,
₹109 Crore
▪ Helps in delivering consistent
quality,
▪ Precast enables manufacturing all elements of building and infrastructure industry, such as Beams, Columns,
Slabs, Load Bearing Walls, Partition Walls, Staircase, and Lift Cores, among others. ▪ Helps to increase operating
efficiency and margins.
▪ On Infrastructure side majority of precast orders are from L&T as part of National High Speed Rail project.
Balance orders are from Residential and Industrial segments as part of our existing orders.

▪ Considering the orders and demand from civil as well as infrastructure space, the company is undergoing
capacity addition in precast.
Offsite Modular Construction Technology is the future to achieve seamless quality,
©2021 – PSP Project Ltd., All Rights Reserved.
speed in delivery and larger volumes in a controlled environment. 23
Precast Factory

©2021 – PSP Project Ltd., All Rights Reserved. 24

Investment Rationale
One-stop shop solution construction company present throughout the value chain starting from planning, design, construction and
post-construction services including MEP work and other interior fit-outs which provides us with several opportunities, faster project
turnaround time & higher ticket size.

With proven track record, financial discipline, multi vertical presence, large equipment base and cutting-edge technologies, the
company has managed to create a strong brand recall synonymous with trust.

Execution capabilities have grown significantly with time, both in terms of the size of projects that we bid for and execute, and the
number of projects that we can execute simultaneously, upon successful completion of SDB, PSP becomes eligible to bid for larger
value projects.

Prudent financial performance, Comfortable leverage position at 0.18 times (incl. mobilization advance), giving sufficient room to
raise debt in the future. Despite being WC intensive, the company has comfortable WCC at 41 days as on FY23 vs 28 days as on
FY22.

At the helm is an Experienced, Skilled and Passionate first-generation entrepreneur whose passion to build quality buildings
aided the company to attain manifold growth along with support and dedication of experienced team and Process driven approach
followed by the company.

©2021 – PSP Project Ltd., All Rights Reserved. 25

Project Profile
Prominent Projects Completed in FY23

PALLADIUM MALL, AHMEDABAD BSE BROKER'S FORUM AT GIFT PUNISKA HOUSE

WAGH BAKRI PLANT CORPORATE HOUSE INDIAN POTASH HOUSE

©2021 – PSP Project Ltd., All Rights Reserved. 26

Landmark Projects – Kashi Vishwanath Dham

©2021 – PSP Project Ltd., All Rights Reserved. 27

Landmark Projects – Surat Diamond Bourse

Actual images

©2021 – PSP Project Ltd., All Rights Reserved. 28

Prominent Projects – Smart City
Prestige Fintech
IBIS Hotel by Brigade
Tallest Residential in GIFT City

World Trade Center

BSE Brokers Forum

Brigade International Finance Center

The Signature by Hiranandani

©2021 – PSP Project Ltd., All Rights Reserved. 29

Prominent Projects

NOODLE FACTORY PROJECT IN GUJARAT SPORTS COMPLEX FOR AHMEDABAD UNIVERSITY HOSPITAL PROJECT IN UDAIPUR RAJASTHAN

INTERIOR FIT-OUT AT LEELA HOTEL, GANDHINAGAR ZYDUS HOSPITAL, BARODA AUDA LIBRARY, AHMEDABAD

©2021 – PSP Project Ltd., All Rights Reserved. 30

Prominent Projects

ZYDUS HOSPITAL SITAPUR (EPC PROJECT)

MEDICAL COLLEGE & HOSPITAL AT DAHOD

(EPC PROJECT) BEAUTIFICATION OF AHMEDABAD C.G.ROAD R&D AND RESEARCH CENTERS IN GUJARAT

©2021 – PSP Project Ltd., All Rights Reserved. 31

Prominent Projects

COMMERCIAL BUILDING AT GIFT CITY ZYDUS CORPORATE HOUSE AT AHMEDABAD PUNISKA HEALTHCARE PLANT

BANGALORE MILK UNION DAIRY PLANT AT GRAND MERCURY HOTEL AT GIFT CITY MEDICAL COLLEGE AND HOSPITAL FOR
KANAKPURA, KARNATAKA FOR BRIGADE GROUP DHARAMSINGH DESAI UNIVERSITY (DDU)

©2021 – PSP Project Ltd., All Rights Reserved. 32

Prominent Projects

BRIGADE INTERNATIONAL
GOVERNMENT OFFICE BUILDING RIVER FRONT DEVELOPMENT HOSPITAL PROJECT
FINANCIAL CENTRE AT GIFT CITY

ZYDUS HOSPITALS DAIRY PROJECT AFFORDABLE HOUSING PROJECT GOVERNMENT PROJECT

©2021 – PSP Project Ltd., All Rights Reserved. 33

 Key Strategies

www.pspprojects.com

©2021 – PSP Project Ltd., All Rights Reserved. 34

Key Strategies

Building is my Focus on Building construction

(commercial, residential, industrial & institutional)

passion
Strengthen our Leverage our position
Mr. Prahaladbhai Patel human capital as a fast-growing
Chairman, MD and CEO construction
company in India

Enhance our project

Expand our geographical
execution capabilities –
footprint, projects in UP,
In Sync with the latest
Rajasthan, Karnataka and
Technology
Maharashtra

Augment customer relationships and

optimize our project mix

©2021 – PSP Project Ltd., All Rights Reserved. 35

 Awards and
Recognition

www.pspprojects.com

©2021 – PSP Project Ltd., All Rights Reserved. 36

Awards and Recognition

PSP Projects Ltd has been awarded as Fastest Growing Construction Company
An award for the ‘Best Commercial Project of Gujarat’ by Realty Plus
(below 2000 Cr Category) for 3rd consecutive year in a row during the
Excellence Award for our Surat Diamond Bourse Project
Construction World Annual Awards 2022

PSP Projects Ltd has been awarded as India’s Top Challengers during the
PSP Projects Ltd has been awarded National Safety Awards 2022
Construction World Annual Awards 2022

©2021 – PSP Project Ltd., All Rights Reserved. 37

Awards and Recognition

PSP Projects Ltd has been awarded as 2nd Fastest

Growing Construction Company (below 2000 Cr Times Inspiring Entrepreneur Award for the Fastest
Patidar Udhyog Ratna Award by Sardardham 2020
Category) during the Construction World Annual Growing Construction Company of the Year 2020
Awards 2021

ICI-Ultratech Outstanding Structure Awards 2020 ICI-Ultratech Outstanding Structure Awards 2020 ICI-Ultratech Outstanding Structure Awards 2020
(State) in the category – Commercial (Regional) in the category – Institutional (Regional) in the category - Mass Housing
awarded to our project “ONE42" awarded to our project – “Lilavati Library at CEPT" awarded to our project “GHB Naranpura"

©2021 – PSP Project Ltd., All Rights Reserved. 38

 Shareholding and
Governance

www.pspprojects.com

©2021 – PSP Project Ltd., All Rights Reserved. 39

Shareholding and Governance
Governance
Structure

Business Level Project Level

ESG Steering
PROMOTER 66.22% Committee
CSR Committee Responsibility Responsibility
Committee Committee

MF 2.69%
BOD SMPs
June PUBLIC 24.21%
2023 Departmental
Heads
Project

FPI 4.20% Managers

OTHERS 2.68% KMPs Sustainability

Coordinates

SMPs
NSE Ticker PSPPROJECT
BSE Ticker 540544 Corporate Sustainability Key Policies
Share Price (₹)^ 713 Key Functions
✓ EHS Policy
Market Cap (₹ Mn)^ 25,681 ✓ Corporate Secretarial and legal Compliances ✓ CSR Policy
✓ Human Resources Management ✓ Stakeholder’s Engagement Policy
% Free Float^ 33.78% ✓ Planning ✓ Employee Wellbeing Policy
✓ CSR Implementation ✓ Human Rights Policy
Free float market cap (₹ Mn)^ 8,675 ✓ Supply Chain Management ✓ Policy on Sexual Harassment at Workplace
✓ Health & Safety of Workmen ✓ Internal SOPs
Shares outstanding^ 3,60,00,000 ✓ Policy on orderly succession for appointments to
Task Forces the BOD and senior management
3M ADTV (Shares) 1,08,479 ✓ Whistle-blower Policy
✓ EHS
✓ Anti-Bribery & Anti-Corruption Policy
3M ADTV (₹ Mn) 79 ✓ Procurement
✓ HR Policy
✓ Secretarial & Legal
Source: NSE, ^As on 30 June 2023 ✓ Human Resource
Safe Harbor Statement
This document does not constitute or form part of and should not be construed as an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of
its subsidiaries or its joint ventures or affiliates in any jurisdiction or as an inducement to enter into investment activity. No part of this document, nor the fact of its distribution, should form
the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. This document is not financial, legal, tax or other product advice.

This document has been prepared by the Company based on information available to them for use at a non-deal road show presentation by the Company for selected recipients for
information purposes only and does not constitute a recommendation regarding any securities of the Company or any of its subsidiaries or its joint ventures or affiliates. The information has
not been independently verified. No representation, warranty, guarantee or undertaking (express or implied) is made as to, and no reliance should be placed on, the accuracy, completeness
or correctness of any information, including any estimates, targets and opinions, contained herein, and no liability whatsoever is accepted as to any errors, omissions or misstatements
contained herein and, accordingly, none of the Company, its advisors and representative and any of its or their affiliates, officers, directors, employees or agents, and anyone acting on behalf
of such persons accepts any responsibility or liability whatsoever, in negligence or otherwise, arising directly or indirectly from this document or its contents or otherwise arising in
connection therewith.

The Company may alter, modify or otherwise change in any manner the contents of this document, without obligation to notify any persons of such change or changes.

This document contains certain supplemental measures of performance and liquidity that are not required by or presented in accordance with Indian Accounting Standards or Indian GAAP,
and should not be considered an alternative to profit, operating revenue or any other performance measures derived in accordance with Indian Accounting Standards or Indian GAAP or an
alternative to cash flow from operations as a measure of liquidity of the Company.

The statements contained in this document speak only as at the date as of which they are made, and the Company expressly disclaims any obligation or undertaking to supplement, amend
or disseminate any updates or revisions to any statements contained herein to reflect any change in events, conditions or circumstances on which any such statements are based. By
preparing this presentation, none of the Company, its management, and their respective advisers undertakes any obligation to provide the recipient with access to any additional information
or to update this presentation or any additional information or to correct any inaccuracies in any such information which may become apparent.

This presentation is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration.

This presentation contains forward-looking statements based on the currently held beliefs and assumptions of the management of the Company, which are expressed in good faith and, in
their opinion, reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition,
performance, or achievements of the Company or industry results, to differ materially from the results, financial condition, performance or achievements expressed or implied by such
forward-looking statements. Given these risks, uncertainties and other factors, recipients of this document are cautioned not to place undue reliance on these forward-looking statements.

By accessing this presentation, you accept that this disclaimer and any claims arising out of the use of the information from this presentation shall be governed by the laws of India and only
the courts in Ahmedabad, Gujarat, India and no other courts, shall have jurisdiction over the same.

©2021 – PSP Project Ltd., All Rights Reserved. 41

 For more information please contact:

PSP Projects Limited

Hetal Patel
✉ grievance@pspprojects.com
Ernst & Young LLP
Krishna Patel / Vikash Verma
✉ krishna.patel2@in.ey.com
✉ vikash.verma1@in.ey.com
Thank You
PSP Projects Limited
‘PSP House’, Opp. Celesta Courtyard, Opp. Lane of Vikramnagar Colony, Iscon-Ambli Road, Ahmedabad - 380058

NSE: PSPPROJECT | BSE: 540544 | ISIN: INE488V01015

© 2020 PSP Projects Limited, All Rights Reserved.

“PSP Projects” and The PSP Projects Logo are trademarks of PSP Projects Limited. In addition to Company data, data from market research agencies, Stock Exchanges and industry publications has been used for this presentation. This material was used during an oral presentation; it is not
a complete record of the discussion. This work may not be used, sold, transferred, adapted, abridged, copied or reproduced in whole on or in part in any manner or form or in any media without the prior written consent. All product names and company names and logos mentioned
herein are the trademarks or registered trademarks of their respective owners.
©2021 – PSP Project Ltd., All Rights Reserved. 42