Exhicon Events Media Solutions Ltd

- No further equity dilution is planned over the next 2 years unless there is an acquisition. - Any dilution due to acquisitions is expected to be minimal (previous acquisition diluted equity by less than 1.5%). - Currently, there are outstanding promoter warrants at higher prices (INR 292 and INR 400), which will increase promoter stake but are not new fundraising. - No specific mention of any new debt fundraising was made in the transcript. - The focus appears to be on organic and inorganic growth with minimal impact on equity dilution and careful capital management.

- Completion of Pune venue (Messe Global Convention Center) Phase 1 by March 2025, expected to generate INR 40-50 crore revenue from next financial year. - Plans to open 2 more venues in Mumbai and Ayodhya; Ayodhya land (5 acres) already acquired with construction starting next financial year. - Venue expansions primarily through joint venture (JV) models to maintain capital efficiency and keep the balance sheet light. - Mumbai venue details not disclosed yet; discussions ongoing for JV partnerships. - Fixed assets expected to be capped at 20-25% of balance sheet size, maintaining an asset-light model. - Future acquisitions expected to fill service gaps and expand subsidiaries; new acquisitions contributing around 35% of revenue by FY26. - No large land acquisitions planned except Ayodhya, majority venues to be operated under JV or low CapEx models.

- FY25 & FY26 revenue will see significant contributions from both existing and new subsidiaries. - Existing companies (standalone + 2 subsidiaries) to contribute ~75% of revenue in FY25, decreasing to ~65% in FY26. - New acquisitions (Maple Height, United Helicharters, Green Branch Contracting, Perfect Octave) expected to contribute ~35% in FY26. - Overall projected year-on-year (YoY) revenue growth is ~50% for FY25 and FY26. - Venue business, especially Pune venue (with INR 40-50 crores projected), will be a major growth driver. - Company expects 50% CAGR on consolidated basis, driven by both organic growth and acquisitions. - The subsidiary businesses are growing, with newer entities gaining higher contribution over time. - Total projected revenues for FY25 are around INR 120-125 crores, with better margin profile due to direct control over venues.

- FY25 and FY26 projected YoY revenue growth of around 50%. - Existing companies (standalone and 2 subsidiaries) expected to contribute ~75% revenue in FY25 and ~65% in FY26. - New acquisitions (Maple Height, United Helicharters, Green Branch, Perfect Octave) to contribute ~35% in FY26. - PAT margins expected to be upward of 15% before minority interest in FY25 and FY26. - EBITDA margins currently around 23%; management aims to sustain or slightly improve margins (targeting 23-25%) through margin improvement initiatives over the next 2 years. - Venue business addition (Pune, Mumbai, Ayodhya) to drive growth and margin improvement, with venues projected to generate ₹40+ crores revenue each with 15-18% PAT margin. - Minimal equity dilution expected unless for future acquisitions; promoters may increase stake via outstanding warrants.

- Exhicon secured a prestigious tender from Nuclear Power Corporation of India to manage 120 events from June 2024 to April 2025. - All 120 events under this tender are planned to be executed within a span of less than 5 months across 10 states. - This orderbook reflects significant business growth and market traction in H1 FY25. - The company does not explicitly quantify the entire orderbook value or other pending orders in the transcript. - Focus remains on executing high-profile events and leveraging venue expansion for future growth. - Expected revenue growth guidance is approximately 50% YoY for FY25 and FY26, driven by both existing business and new acquisitions.