INTERARCH BUILDING

PRODUCTS LIMITED
September 2024

1
Safe Harbour

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Interarch Building Products Limited (the
“Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or
subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No
offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the
Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company
makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness,
fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the
information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly
excluded.

This presentation contains certain forward looking statements concerning the Company’s future business prospects and business profitability,
which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking
statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in
earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and
retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies
and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any
announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements
made from time to time by or on behalf of the Company.

2
Contents

1 Performance Highlights – Q1FY25 04

2 Company Overview 12

3 Industry Overview 16

4 Key Strengths 23

5 Growth Strategies 35

3
Performance Highlights
Q1FY25

4
MD’s Commentary

“The quarter represents a significant milestone for our company with its successful listing on the stock
exchanges. We would like to express heartfelt gratitude to all stakeholders for their continuous support.
Despite uncertain weather conditions and elections, we are pleased to report robust growth on all parameters in
Q1FY25. Considering the enquiries and pipeline, we expect our Revenue to grow at 10%-15% for the current
financial year i.e. FY25 and improve our growth rate to 15%-20% for next year i.e. FY26. On the orderbook
front, we have new orders booked worth Rs. 634 crores on a Year till date basis.
We recently commissioned Phase-1 of our 5th PEB manufacturing unit in Athivaram, Andhra Pradesh, marking a
key milestone in our strategic expansion. The newly inaugurated plant gives us a revenue visibility of Rs 150
crores per annum. Post Phase 1 commissioning, our total installed capacity stands at 1,61,000 MTPA. This
achievement not only reflects our robust growth trajectory but also strengthens our commitment to customers.
We have also started construction of Phase 2 expansion of 40,000 MTPA at the same location and expect
commercialization by June 2025.
With this expansion, we continue to establish new industry standards through quality, innovation, and customer
satisfaction. This new facility not only extends our geographic presence but also reinforces our dedication to
innovation, quality, and sustainability.
Our balance sheet remains strong, as we continue to be a zero-debt, net cash company with an efficient working
capital cycle and strong cash flow generation. We are one of the pioneers of Pre-Engineered buildings having
excelled in the sector over the last many years and have built a trusted base of customers with a reliable team
that has helped us reach great heights. Looking forward, we expect to continue the growth trajectory and looking
to double our revenue over the next 3-4 years.”

Mr. Arvind Nanda

Managing Director

5
Listed on NSE and BSE on 26th August 2024

• Raised Rs 600 crores through IPO

o Fresh Issue of Rs 200 crores
o Offer for sale of Rs 396 crores

• Utilization of Net proceeds from Fresh issue of shares will be

for
o Financing the capital expenditure towards setting up
the Project
o Financing the capital expenditure towards
upgradation of the Kichha Manufacturing Facility,
Tamil Nadu Manufacturing Facility I, Tamil Nadu
Manufacturing Facility II and Pantnagar
Manufacturing Facility
o Funding investment in information technology assets
for upgradation of existing information technology
infrastructure of our Company
o Funding incremental working capital requirements

6
Proposed Utilisation of IPO Proceeds

Amount to be funded Proposed Utilization in Proposed Utilization in

Particulars (Rs. Cr)
from Net Proceeds* FY25 FY26

Financing the capital expenditure towards setting up the Project 58.5 53.6 5.0

Financing the capital expenditure towards upNegradation of the Kichha Manufacturing

Facility, Tamil Nadu Manufacturing Facility I, Tamil Nadu Manufacturing Facility II and 19.2 13.2 6.0
Pantnagar Manufacturing Facility

Funding investment in information technology assets for upgradation of existing

11.4 11.4 -
information technology infrastructure of our Company

Funding incremental working capital requirements 55.0 25.0 30.0

General Corporate Purpose 43.0 43.0 -

Total 187.1 146.2 41.0

Note: * Net of Offer Expenses

7
Q1FY25 Performance Highlights

Revenue (Rs in Crs) Revenue Breakup – End User Industry (%)

Margin
Industrial/Manufacturing Building
+3%
303 Infrastructure Others
294
0% 2% 0% 2%
20%
36%

77%
62%

Q1FY24 Q1FY25 Q1FY24 Q1FY25

EBITDA (Rs in Crs) & EBITDA Margins (%) PAT (Rs in Crs) & PAT Margins (%)

8.6% 8.9% 6.6% 6.7%

+8% +5%
27 19 20
25

Q1FY24 Q1FY25 Q1FY24 Q1FY25

8
New Order wins year till date

Order Wins (Rs in Crs) Major Customers – End User Industry

In Q1FY25 341 Renewable Auto Railway

Post Q1FY25 (Till 14th September, 2024) 293 EV Defense Food
Infra Industrial
Total Order Wins 634

3% 3%
5%
3%
Order wins from Key Customers

11%
Reliance Industries Brit Logistics 40%

Ampin Solar Vinplex Logistics

Amaraja Infra Tata Advanced Systems

25%
Beumar India Maccabee India
11%
Ashok Leyland Pinnacle Industries

Order book as on September 14, 2024, is Rs. 1,350 Crores

Added new orders worth Rs. 634 Crores in Year till date (1st April 2024 to 14th September 2024)

9
Recent Developments

Recently Inaugurated Phase 1 of its 5th State-of-the-Art PEB Manufacturing plant (4th fully integrated unit) in Athivaram, Andhra Pradesh

Phase 1 – Commissioned on September 04, 2024

• Phase 1 covers 4 acres out of the 10 acres of the plot and has been built at an investment of Rs 40 crores (including
cost of land).
• Funded by internal Accruals and will increase the installed capacity by 20,000 MTPA.
• Expected to create approx 250 jobs

Phase 2 – Construction started

• Phase 2 covers balance 6 acres land which will increase the capacity of plant by 40,000 MT increasing the overall
capacity to 2,00,000 MTPA
• Expected to be commissioned in next 7-8 months at a cost of Rs 57 crores funded through IPO proceeds
• To generate approximately 500 job opportunities

10
Quarterly Consolidated Profit & Loss Statement

Particulars (Rs in Crs) Q1 FY25 Q1 FY24 YoY

Revenue from Operations 303.4 293.7 3.3%

Cost of Goods Solds 191.0 184.3

Employee Cost 31.7 26.2

Other Expenses 53.7 58.0

EBITDA 27.1 25.2 7.4%

EBITDA Margin 8.9% 8.6% 30 bps

Other Income 3.0 3.1

Depreciation 2.1 1.9

Finance Cost 0.5 0.5

Exceptional Item Gain / (Loss) 0.0 0.0

Profit before Tax 27.4 25.9

Tax 7.1 6.5

Profit After Tax 20.3 19.4 4.6%

Profit After Tax Margin 6.7% 6.6% 10 bps

EPS (Rs.) 14.07 12.93

11
Company Overview

12
Company Evolution

2020-2023
2021: Expansion of Kiccha
1993 2005 Facility
Introduced brand TRACDEK® for Set up of Pantnagar
2008
metal roofing and cladding Manufacturing Facility Set up of Kiccha Manufacturing 2023: Revenue from operations
systems Facility cross Rs 1,000 crores(1)

1983 2000 2007 2009-2011 2024

Commenced supply from Tamil 2009: Commenced supply from Listing on NSE & BSE
Incorporated in Delhi Set-up 1st PEB manufacturing
Nadu Manufacturing Facility I Tamil Nadu Manufacturing
facility in Greater Noida*
Facility II Inaugurated its 5th State-of-the-
OIH Mauritius acquired ~13% Art PEB Manufacturing plant (4th
stake in the Company 2011: Completed roofing and fully integrated unit) in Athivaram,
sheeting for Delhi Airport Andhra Pradesh

Note: * Subsequently closed; (1) in FY23

13
Company Overview

One of the leading turnkey pre-engineered steel construction solutions providers in India with integrated facilities for design and engineering,
manufacturing, on-site project management capabilities for the installation and erection of pre-engineered steel buildings ("PEB")

2nd 3rd 677 5

Largest aggregate installed capacity of Ranked among integrated PEB players in Completed execution of PEB Contracts Manufacturing facilities in Uttarakhand,
161,000 MTPA among integrated PEB India in FY23 from FY15 to FY24 Andhra Pradesh & Tamil Nadu and 1
players in India(1) planned facilities in Gujarat

119 Rs 1,293 Crs 81% 3 of 5

Qualified structural design Revenue from Operations in FY24 Repeat Orders in FY24(3) Customer Groups have been associated
engineers and detailers(2) for over five years

Notes:; (1) As on September 04th, 2024 (2) As on March 31, 2024; (3) Repeat orders are orders which we identify as orders placed by customers or Customer Groups that have placed orders with us previously

14
Business Overview

PEB Contracts

PEB Sales

1. Metal Ceilings & Roofing

✓ TRAC® – Metal suspended ceiling systems ✓ TRACDEK® – Metal roofing & cladding systems

✓ TRACDEK® Bold Rib – Permanent / metal decking (lost shuttering) over steel framing Complete PEBs on a turn-key basis with on-site project management
capabilities for the installation & erection of PEBs
2. PEB Steel Structures

✓ Primary Framing Systems: including primary load ✓ Secondary Framing Systems such as Roof purlins,
bearing frames, end-wall frames, wind bracings, crane
wall girts, eave struts and clips
brackets and mezzanine beams & joints

✓ Interarch Life (Non-industrial buildings): Complete PEBs for erection with installations by third party builders /
erectors which include customization to specifications

3. Light Gauge Framing Systems

✓ Comprising primary framing systems, secondary framing systems & metal ceiling and / or corrugated roofing Estimation, designing, engineering, manufacturing and supply of PEBs

Revenue from Operations (Rs crs) Revenue from Operations by End-Use Sector

1% 2% 29% 0% 1% 19% 0% 1% 30%

1,293
1,124 17 FY22 FY23 FY24
835 17 297
20 120
94
721 986 979
68% 80% 69%
FY22 FY23 FY24 Infrastructure Industrial / Manufacturing Building Others
PEB Contracts PEB Sales Other Operating Income Construction Construction Construction

15
Industry Overview

16
Global Pre-engineered Steel Buildings Market – Overview

Global Pre-engineered Steel Buildings Market

USD Bn
32-34 Key Growth Drivers

The industrial and commercial sector, the mainstay of the global PEBs market, is
22-24 expected to drive demand for pre-engineered steel buildings
19-21
15-17

Increasing investments in public infrastructure, growing urbanisation and increasing

awareness of benefits of pre-engineered construction vis-à-vis the traditional onsite model

Increasing awareness regarding modern off-site construction techniques as well as rising

CY19 CY23 CY24P CY28(P)
demand for green buildings globally

Key geographies in global pre-engineered steel building in CY23 and CY2028P

CY23 CY28P
As of 2023, South East Asia region had the largest share of pre-engineered steel building at
3-5% 3.5-5.5%
4-6% 4.5-6.5%
29.5-31.5%, followed by North America at 28.5-30.5%
29.5- 28-
13.5-15.5% 31.5% 30%
14-16% Key Factors

Rapid industrialisation, urbanisation and the high adoption rate of advanced construction
15.5-17.5% 15.5-17.5% practices
28.5- 27.5-
30.5% 29.5%
Tourism and ecommerce sectors are expected to boost demand for commercial and
South East Asia North America
industrial structures such as warehouses, restaurants, hotels, etc.
Europe Others
Middle East & Africa (MEA) South America

Source: Prospectus
17
Indian Construction Sector – Overview

Breakup of the Domestic Construction Sector Growth Drivers

Infrastructure Building Construction

Industrial/ Manufacturing
INR 74-76 Tn
5-7%

24-26%
INR ~46-48 Tn
8% Increased Smart City Growing Investments Increased Spending Favourable
Urbanisation Mission in Renewable Energy on Warehousing Government Initiatives
28%
✓ Increased demand for ✓ Smart Cities Mission to ✓ Surge in the ✓ Rapid growth of the ✓ Various initiatives have
68-70% affordable housing develop 100 smart construction of solar & e-commerce sector, led to an increase in
✓ Better public cities across India wind power projects leading to a surge in capex investments
64%
infrastructure demand for efficient
connectivity warehousing & cold
storage facilities
FY20-24A FY25-29P

Major Government Initiatives

Initiative Overview Initiative Overview

✓ Boost domestic manufacturing, attract investments and enhance exports PRADHAN MANTRI AWAS ✓ Housing for all initiative with fast-paced execution of ~0.95 Mn
by offering incentives YOJANA - URBAN (PMAY-U) units in FY24
PLI SCHEME
✓ Financial limits of INR 1.97 Tn for implementation across 14 sectors
✓ The scheme will also provide a fillip to the Industrial sector ATMANIRBHAR BHARAT ✓ Strong emphasis on infrastructure development, including roads,
ABHIYAN highways, bridges, airports and urban projects

✓ Aims to increase per capita steel consumption to 160 kgs by 2030 ✓ Strong growth due to urban infra such as AMRUT, Smart Cities Mission
URBAN INFRA PROJECTS
NATIONAL STEEL POLICY ✓ Aims to boast steel consumption in infrastructure sector and is expected and the implementation of metro projects
to positively impact PEBs
✓ 839 projects at an estimated cost of ~INR 5.8 Tn have been identified to
SAGARMALA
promote port-led development
✓ Projected infrastructure investment of around INR 111 Tn over FY20-25
NIP ✓ 34,800 km of National Highway Length planned for Phase 1, with 76%
✓ 9,288 projects with a total investment of more than INR 108 Tn BHARATMALA PARIYOJANA
awarded for construction and INR 4.23 Tn spent till Dec 23

Source: Prospectus
18
India’s Pre-engineered Steel Buildings Market – Overview

Pre-engineered Steel Building Industry in India Organised Sector Remains Superior to Unorganised Sector

INR ~130 Bn INR ~195 Bn INR ~330-340 Bn

6.0-7.0% CAGR: 11-14% CAGR: 10-14%

7.5-8.5% 8.0-9.0%
40-
45%
FY24E Other Top 6 Players
27.0-30.0% CAGR: 11-14% CAGR: 12-14% 55- 15-20% 80-85%
36.0-38.0% 38.0-40.0% 60%

64.5-66.5%
CAGR: 3.5-4.5% 53.0-55.0% CAGR: 10-11%
52.0-53.0% Organised sector has an edge over the
45- unorganised sector in terms of
FY29P 50%
50- ✓ Reliable track record
55%
✓ Maximised supply chain capabilities
FY19 FY24E FY29P ✓ Quality engineering services and products
Building Infrastructure Industrial / Manufacturing Organised Unorganised
Industry Industry
✓ The industrial sector’s share in the PEB market is led by higher penetration in the ✓ Large, organised players grow at faster clip than overall pre-engineered steel building
automobile, cement and oil & gas markets amongst others industry
✓ Infrastructure segment is growing at a faster rate led by increased adoption of PEBs
in warehouses, cold storage facilities and data centers, power plants, aircraft
hangers and railway yards
11.4% 8.5% 7.0%
Top 6 Players Total Industry Rest of the Industry
✓ The growth in the building sector share will be led by growing adoption of pre-
FY19-23 CAGR %
engineered steel buildings
Source: Prospectus
19
India’s Pre-engineered Steel Buildings Market – Growth Drivers
Low share of pre-engineered construction in overall construction indicates high growth
potential Low steel consumption in India

Share of pre-engineered construction in overall construction Apparent steel use (Kg per capita) for CY23
628
2-4% 3-5% 5-7%
433 400
337
292 266
FY24E FY28P 219
FY19(E) 154 135 110 93

China Japan Italy Germany Asia U.S World France United Brazil India
Pre-engineered Construction Conventional Construction Kingdom

Low share of PEBs in India combined with the increasing of awareness of benefits of Domestically Manufactured Iron & Steel Products (DMI&SP) policy for promoting Made in India steel
pre-engineered buildings over RCC, provides a substantial growth potential for Government procurement

Shift from RCC to PEB due to growing awareness of pre-

engineered structures Increasing popularity of green and sustainable buildings Rise in government-led innovative construction projects

✓ Helps in expediting the project timelines and more sustainable ✓ PEBs support deconstruction and reconstruction, enabling the ✓ Policy & regulatory factors will play a crucial role in shaping the
due to less wastage building components to be reused or recycled demand, growth and adoption of prefabrication and pre-
engineering in the construction sector
✓ Expected to serve as a catalyst for the growth of pre-engineered ✓ Growing shift of logistics players towards green logistics
structures in the construction industry
INDUSTRIAL INFRASTRUCTURE BUILDING

Inclusion of the PLI scheme in the capex investments Low share of pre-engineered construction in building
Growing demand from warehouses and cold storage
construction (residential + commercial + non-commercial)

Increasing popularity of green and sustainable buildings Increase in the demand of data centres India Increasing awareness of PEBs in India

Construction investments in Industrial, Oil & Gas sectors Growing focus on renewable energy capacity additions Rise in government-led innovative construction projects

Source: Prospectus
20
Pre-engineered Steel Buildings – Advantages and Cost Savings

Advantages of Pre-engineered Steel Buildings over Traditional Construction Cost Saving

✓ Cost-saving advantages of PEB increases as the span of the structure increases till an inflection
TECHNICAL DIFFICULTIES AND SHORTAGE OF LABOUR IN TRADITIONAL point, after which cost savings diminish
CONSTRUCTION
PEB CSB

✓ Majority of the construction is done in controlled factory environments, reducing the need for 153.0
on-site labour 140.2
✓ Achieves economies of scale with improved manufacturing 131.2

Indexed Cost
107.9
93.3
MORE SUSTAINABLE 105.0
100.0 102.0
92.3 92.2

✓ Causes less disturbance to the construction site’s surroundings

✓ Reduces the carbon footprint due to standardised processes and streamlined procedures 10 20 30 40 50
Span (m)

Cost Saving % 40.2% 50.0% 42.1% 1.2% 2.8%

FASTER CONSTRUCTION TIMELINES & COST OPTIMISATION

✓ Significant inflection point at 50m span, where the cost-saving benefit of PEB diminishes
✓ Allows simultaneous preparation of the foundation at the construction site
considerably, offering only marginal savings of approximately 2.8% compared to conventional
✓ Helps accelerate project timelines and allows cost optimisation
streel structures

Low share of pre-engineered buildings in India combined with the increasing of awareness of benefits & cost savings in
pre-engineered buildings over RCC, provides a substantial growth potential of pre-engineered buildings in India

Source: Prospectus

21
Comparison Between RCC and Pre-engineered Steel Construction

Parameter Traditional RCC Construction Pre-engineered Steel Construction

MAJOR COMPONENT ✓ Concrete and reinforced steel bars ✓ Steel and metal accessories

RAW MATERIALS USED ✓ Cement, steel, sand, bricks, etc ✓ Steel, anchors, channels, coils etc

✓ Manufactured in controlled environments such as factories, only assembling

CONSTRUCTION LOCATION ✓ Completely on site
of structures happens onsite.

✓ 40%-50% lesser time than RCC as majority of components are

CONSTRUCTION TIME ✓ Takes more construction time than PEB construction manufactured in a controlled environment and only assembling of parts takes
place on site

✓ Demands a substantial workforce since the entire construction process, ✓ Approximately 25% lesser than the conventional method as only assembling
MANPOWER
including moulding and shaping concrete, occurs on-site of the final structure happens on site

✓ Largely industrial and warehouse or shed requirements at infrastructure

APPLICATIONS ✓ Residential as well as industrial; even infrastructural
setup

✓ More adverse environmental impact owing to the generation of significant ✓ Owing to the streamlined nature of construction, it minimises its
EFFECT ON ENVIRONMENT
waste and landfill mass during on-site construction activities environmental footprint by minimising wastage, less air pollution

✓ Offers flexibility as modifications involve changing the assembly of

✓ Challenges in modifications once the concrete has hardened, making
MODIFICATIONS prefabricated components, adjusting to make it more manageable & cost-
alterations complex & costly
effective

✓ highly labour-intensive work in an uncontrolled environment, which makes it ✓ Comparatively lighter, requires less material, needs shorter construction
COST EFFICIENCY
more costly than PEB structures time, less labour on-site, contributing to lower cost

Source: Prospectus
22
Key Strengths

23
 Key Strengths

Significantly integrated manufacturing

Market position and established brand
operations, backed by in-house design
presence in the growing pre-engineered
and engineering, on-site project
steel building industry in India
management and sales and marketing
capabilities

Demonstrated track record of execution

backed by on-site project management Experienced and qualified Promoters
capabilities and management team

Diverse customer base and long-standing Demonstrated financial performance

relationships with key customers and a robust order book

Presence of over 30 years in the PEB industry and has worked with industry leaders in project development & construction,
providing support to critical industrial, commercial and infrastructure projects

24
Market Position and Established Brand Presence in The Growing Pre-engineered Steel
Building Industry in India (1/2)

2nd 3rd 6.5% 677 30+ Years

Largest aggregate installed Ranked among integrated Market share among Completed execution of Presence in the PEB
capacity of 161,000 MTPA PEB players in India integrated PEB players in PEB Contracts from FY15 industry
among integrated PEB India to FY24
players in India(1)

Integrated facilities for

Established brand presence On-site project management
Extensive track record Domain experience design and engineering,
and market position capabilities
manufacture

Notes: (1) As on September 04, 2024

25
Market Position and Established Brand Presence in The Growing Pre-engineered Steel
Building Industry in India (2/2)
The PEB Market in India – Segments Growing Shift towards the Organised Sector
CAGR for CAGR for FY24
FY19-FY24E FY24E-FY29P Others
Rs ~130 Bn Rs ~195 Bn Rs ~330-340 Bn 15-20%
6.0-7.0% 11-14% 7.5-8.5% 10-14% 8.0-9.0%

27.0-30.0%
36.0-38.0% 38.0-40.0%
11-14% 12-14% Organised
Players
Unorganised 40-45%
Players
3.5-4.5% 10-11% 55-60%
64.5-66.5%
53.0-55.0% 52.0-54.0%

Top 6 Players
FY19 FY24 FY29P 80-85%
(1)
Industrial / Manufacturing Infrastructure Building (Residential, Commercial & Non-commercial)

Top six players in the industry have grown at a faster rate than rest of the players Organised sector has an edge over the unorganised sector in terms of

11.4% 8.5% 7.0% Reliable Track Maximised Supply Quality Engineering

Top 6 Players Total Industry Rest of the Industry Record Chain Capabilities Services and Products

FY19-23 CAGR %

Extensive track record & domain experience, established brand presence & market position, integrated facilities for design & engineering,
manufacture, on-site project management expertise for installation and erection of PEBs position us to benefit from growth of the PEB industry

Source: Prospectus

26
Significantly Integrated Manufacturing Operations, Backed by In-house Design and
Engineering, On-site Project Management and Sales & Marketing Capabilities

Manufacturing Facilities Design & Engineering Centers

Installed Utilizable
Pantnagar (Uttarakhand) Set up
Facility capacity capacity
Year
Kichha (Uttarakhand) (MTPA)(1) (MTPA) ✓ Supported by dedicated design and engineering centers in Noida, Uttar
Pantnagar Pradesh; Chennai, Tamil Nadu and Hyderabad, Telangana
Manufacturing 2005 31,000 ~26,000
Noida Facility ✓ In-house design and engineering team of 119 qualified structural
Jaipur design engineers and detailers(4)
Kiccha
Manufacturing 2008 59,500 ~50,000
Ahmedabad Facility ✓ Computer aided design technologies including Staad Pro, MBS,
Indore Kolkata
Kheda Tamil Nadu FrameCad, Tekla, Auto Cad and ZWCAD
Manufacturing 2007 10,000 ~8,500
Facility I
Mumbai Tamil Nadu
Pune Manufacturing 2009 40,500 ~34,000 Project Management
Facility II
Hyderabad Andhra Pradesh
Phase 1 2024 20,000 ~17,000
Bengaluru
Athivaram (Commissioned)
Andhra Pradesh ✓ Dedicated team of 49 project managers, augmented by a network of 65
Chennai Phase 2
Jun-25 40,000 ~32,000 empanelled and approved builders / erectors
(Planned)
Sriperumbudur ✓ Established dedicated safety & quality control teams to oversee each
Gujarat stage of the erection process
– – –
(Planned)
Headquarters 5 Manufacturing Facilities 8 Marketing & Sales Offices

Total(1) 1,61,000 ~1,35,500

1 Planned Manufacturing Facilities 3 Design Centers

Vertically integrated manufacturing operations with presence across the product lifecycle of PEBs – estimation, designing, engineering &
fabrication of PEBs, on-site project management of the installation and erection of PEBs

Notes: Maps not to scale. All data, information, and maps are provided "as is" without warranty or any representation of accuracy, timeliness or completeness; (1) As on September 04, 2024

27
Demonstrated Track Record of Execution Backed by On-site Project Management
Capabilities
Extensive Track Record of Delivering Significant / Complex Projects across India

AIRPORT
At Delhi

AIR CONDITIONING MANUFACTURING UNIT PAINTS MANUFACTURING

At Sri City Andhra Pradesh In Haryana, Punjab, Karnataka, Tamil Nadu and West Bengal

On-site project management capabilities, together with process-driven operations; lean corporate structure and coordination efforts
between internal departments, suppliers and customers have contributed towards our demonstrated track record of executing PEB Contracts

28
Experienced & Qualified Promoters and Management Team

Promoters

ARVIND NANDA GAUTAM SURI VIRAJ NANDA ISHAAN SURI

Managing Director Whole-time Director Non-Executive Director Non-Executive Director

▪ Responsible for overall business decision- ▪ Responsible for critical technical business ▪ Bachelors’ degree in tourism and hospitality ▪ Bachelor’s degree in science from the
making and financial oversight of operational decisions management from William Angliss Institute, London School of Economics and Political
Management ▪ Bachelor’s degree in technology in Melbourne, Australia Science, University of London, London,
▪ Bachelor’s degree in Commerce (Honours) mechanical engineering from Indian Institute ▪ Diploma in CAD from CADD Centre Training United Kingdom
from University of Delhi, New Delhi, India of Technology Delhi, New Delhi India Services, New Delhi, India ▪ Associated with the Company since
▪ Admitted as an associate of the Institute of ▪ Nearly 30 years of experience in the pre- ▪ Associated with the Company since February September 26, 2011
Chartered Accountants in England and engineered steel buildings industry with the 14, 2017
Wales company

Key Managerial Personnel

MANISH KUMAR GARG PUSHPENDRA KUMAR BANSAL NIDHI GOEL

Chief Executive Officer Chief Financial Officer Company Secretary and
Compliance Officer
▪ Diploma in civil engineering from the Board of Technical ▪ Bachelor’s degree in commerce from Ajmer University, ▪ Appointed as the Company Secretary on April 24, 2006
Education, Delhi, India Rajasthan, India and has been admitted as a fellow of the and as the Compliance Officer on January 15, 2024
▪ Senior executive leadership program from Havard ICAI ▪ Holds Bachelor’s degree in Commerce (Honours) from the
Business School, Boston, Massachusetts, United States ▪ Previously associated with Action Construction Equipment University of Delhi, New Delhi, India
▪ Previously associated with Everest Industries Limited and Limited, Omax Autos Limited, Jakson Limited and ▪ Admitted as an associate of the Institute of Company
Safal Building System Limited Microtek International Private Limited Secretaries of India

29
Diverse Customer Base and Long-standing Relationships with Key Customers

Revenue from Operations by End-use Sectors Repeat Orders as a % of Revenue from Operations(1) Revenue from Top 5 Customer Groups

Diverse Customer Groups featuring in Repeat Orders

26%

20% 19%
41%
1,293 1% FY22
1,124 2% 1%
835 2% 1% 30%
19% 0% 81%
2% 0% 80%
28% 59%
1% 79% 68%
67%

FY22 FY23 FY24 FY22 FY23 FY24

Industrial / Manufacturing Construction Infrastructure Construction 25%
Repeat Orders New Orders
Building Construction Others
39%
Other Operating Income
FY23 FY24
Key Customers

Global manufacturer
Indian AC
of bearings & Indian logistics &
manufacturing
power transmission supply chain company
company
products 3 of top 5 Customer Groups have
been associated with our
Company for over 5 years(3)

Industrials Infrastructure

Considering the critical nature of the use cases of PEBs, customer standards, requirements and required service levels are stringent and accordingly,
consider the quality, durability and reliability of PEBs as essential to maintaining customer relationships

Notes: (1) Repeat orders are orders which we identify as orders placed by customers or Customer Groups that have placed orders with us previously

30
Demonstrated Financial Performance and A Robust Order Book

Revenue from Operations (in Rs crs) & Growth Net Debt (Rs crs) & Net Debt / EBITDA Ratio

Net Debt Net Debt / EBITDA

1,293
1,124 (32) (41) (48)
835

(0.4x) (0.4x)
(1.0x)
FY22 FY23 FY24
FY22 FY23 FY24
EBITDA (Rs crs) & EBITDA Margin RoCE & RoE

3.9% 9.5% 8.7% RoCE RoE

26.8% 25.8%
106 113

8.3% 20.4% 19.4%

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5.4%
FY22 FY23 FY24 FY22 FY23 FY24

Profit for the Year (Rs crs) & Profit Margin Net Cash Generated from Operating Activities (Rs crs)

82
2.0% 7.2% 6.7%
81 86

31
26
17

FY22 FY23 FY24 FY22 FY23 FY24

Order book of Rs 1,219 Crs(1) demonstrating reputation & brand image, ability to acquire new customers and ability to successfully win new projects

Notes:; (1) As on June 30, 2024

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Consolidated Profit & Loss Statement

Particulars (Rs in Crs) FY24 FY23 FY22

Revenue from Operations 1,293.3 1,123.9 834.9

Cost of Goods Solds 823.8 732.5 564.8

Employee Cost 119.0 93.4 89.2

Other Expenses 237.6 191.7 148.0

EBITDA 113.0 106.4 32.9

EBITDA Margin 8.7% 9.5% 3.9%

Other Income 13.0 12.5 5.9

Depreciation 8.0 7.3 11.8

Finance Cost 2.2 2.6 4.5

Exceptional Item Gain / (Loss) 0.0 0.0 0.0

Profit before Tax 115.9 109.0 22.6

Tax 29.6 27.5 5.5

Profit After Tax 86.3 81.5 17.1

Profit After Tax Margin 6.7% 7.2% 2.1%

EPS (Rs.) 58.68 54.31 11.42

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Consolidated Balance Sheet

Assets (Rs. in Crs) FY24 FY23 FY22 Equity & Liabilities (Rs. in Crs) FY24 FY23 FY22
Non - Current Assets 240.4 211.3 190.2 Total Equity 444.6 399.3 318.3
Property Plant & Equipment 106.4 103.9 99.0 Share Capital 14.4 15.0 15.0
Capital work-in-progess 12.7 0.0 0.0 Other Equity 430.2 384.3 303.3
Investment Property 2.8 2.8 3.1 Non-Controlling Interest 0.0 0.0 0.0
Intangible assets 0.2 0.0 0.1
Non-Current Liabilities 10.2 21.9 27.5
Right of use assets 56.5 53.6 52.6
Financial Liabilities
Financial Assets
Borrowings 0.6 1.1 1.0
Investments 5.3 5.0 0.0
Lease Liabilities 2.7 5.8 4.1
Trade Receivables 48.6 38.4 28.0
Government Grants 0.0 0.1 0.1
Other Financial Assets 2.8 1.6 4.1
Other Non - Current Tax Assets 2.4 1.9 1.4 Employee Benefit Obligation 1.1 9.1 19.7
Other Non-Current Assets 2.7 4.1 1.9 Deferred Tax Liabilities 5.7 5.9 2.5
Current Assets 514.6 463.7 353.5 Other Non Current Liabilities 0.0 0.0 0.0
Inventories 146.8 137.0 134.1 Current Liabilities 300.2 253.9 198.0
Contract assets 35.3 27.9 21.2 Contract Liabilities 116.4 106.0 87.6
Financial Assets Financial Liabilities
Trade receivables 170.8 158.7 85.7 Borrowings 9.6 10.3 2.3
Cash and cash equivalents 61.6 58.7 40.1 Trade Payables 133.6 103.7 80.5
Bank balances other than cash and cash
76.1 60.5 51.7 Lease Liabilities 0.5 0.6 0.3
equivalents
Loans 0.6 0.3 0.3 Other Financial Liabilities 17.2 11.9 11.1
Others 1.4 1.0 1.2 Other Current Liabilities 21.2 20.0 13.9
Current Tax Assets (Net) 0.0 0.0 5.6 Current tax liabilities (net) 0.0 0.0 1.1
Other Current Assets 22.0 19.6 13.6 Provisions 1.7 1.4 1.2
Total Assets 755.0 675.0 543.8 Total Equity & Liabilities 755.0 675.0 543.8

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Cash Flow Statement

Particulars (Rs in Crs) FY24 FY23 FY22

Profit Before Tax 115.9 109.0 22.60

Adjustments for: Non -Cash Items / Other Investment or Financial Items 1.0 0.5 17.6

Operating profit before working capital changes 116.9 109.5 40.20

Changes in working capital -5.0 -58.4 -6.0

Cash generated from Operations 111.9 51.1 34.2

Direct taxes paid (net of refund) -30.3 -19.8 -8.0

Net Cash from Operating Activities 81.5 31.3 26.1

Net Cash from Investing Activities -32.8 -19.0 9.2

Net Cash from Financing Activities -45.8 6.3 -0.1

Net Decrease in Cash and Cash equivalents 3.0 18.6 35.1

Add: Cash & Cash equivalents at the beginning of the period 58.7 40.1 5.0

Cash & Cash equivalents at the end of the period 61.6 58.7 40.1

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Growth Strategies

35
Growth Strategies

Continue to invest in our technology

Capitalize on industry tailwinds,
Expanding geographical footprint to infrastructure to enhance in-house
including through proposed expansion Expand customer base and increase
cater to strategic markets in India and design and engineering and
and upgradation of our Manufacturing sales to existing customers
overseas manufacturing capabilities and thereby
Facilities
improve operational efficiencies

❑ The industry growing at a 11.0-12.0% ❑ Enhance manufacturing presence in ❑ Intends to rely on existing customer ❑ Intends to continue to invest in technology
CAGR between FY24-29 South, Eastern India and Western India relationships to generate Repeat Orders infrastructure

❑ Government policies to create a ❑ Proposes to expand sales & marketing ❑ Proposes to expand sales, marketing and ❑ Aims to identify opportunities to implement
technologically advanced & globally team, including to service customers in business development teams manufacturing improvements & dedicate
competitive steel industry Maharashtra design & engineering resources
❑ Intends to focus on customers engaged in
❑ Upgradation of Kichha Manufacturing ❑ Evaluating expanding sales & marketing electric vehicle manufacturing, renewable ❑ Intends to rely on investment in design &
Facility, Pantnagar Manufacturing Facility network to Central & West Asia, South power & data centre engineering capabilities
and Tamil Nadu Manufacturing Facilities East Asia & Africa
❑ Intends to foray into multi-storey
❑ Proposes to set-up planned Gujarat commercial buildings, residential buildings
Manufacturing Facility and institutional buildings

36
 Thank You

Interarch Building Products Ltd.

CIN – L45201DL1983PLC017029
Mr. Pushpendra Kumar Bansal
Email ID: [email protected]
www.interarchbuildings.com

Investor Relations Advisors :

http://www.sgapl.net/images/sgapl_logo.jpg

Strategic Growth Advisors Pvt. Ltd.

CIN - U74140MH2010PTC204285
Ms. Shaily Patwa/ Mr. Shrikant Sangani
Email - [email protected] /[email protected]
Mobile No – 9819494608 / 9619595686
www.sgapl.net

37