MEP Infrast.

- The company plans equity infusion aligned with loan requirements for new SPVs; significant equity is expected initially and as per loan/concession agreement needs (Page 13). - Total equity requirement for four new projects is about Rs. 500 Crores over 2 to 2.5 years; Rs. 400 Crores equity already infused, balance Rs. 150-175 Crores to be infused as projects progress (Page 13). - For funding the equity in new HAM projects, MEP will contribute 51%, with 49% by joint venture partner LongJian Road & Toll Pvt Ltd. A maiden QIP raised Rs. 163 Crores in April to meet equity needs, with further funding via QIP, internal accruals, and EPC margins (Page 12). - Financial closure for four projects is expected soon, involving a mix of private and public sector banks and infrastructure institutions; no plans for NBFC borrowing currently (Page 7). - Debt is expected to rise marginally but not substantially with new financial closure (Page 6).

- Significant equipment buyout occurred last year; current capex will align with project requirements, especially for the new four HAM projects (Page 11). - Equity infusion for the four new HAM SPVs will primarily be funded through a combination of QIP proceeds, internal accruals, and EPC margins; Rs.163 Crores raised through maiden QIP in April 2018 to meet equity requirements (Page 11). - Total equity requirement for four new projects estimated at around 12%-14% of the project cost (~Rs.500 Crores over 2 to 2.5 years) (Page 13). - Current six projects have had a substantial equity infusion (~Rs.400 Crores already infused, with Rs.150-175 Crores balance equity to be infused as per loan drawdown schedules) (Page 13). - Company expects marginal increase in debt related to balance sheet borrowings but no significant rise even after equity infusion (Page 6). - Future bidding expected for additional projects with potential order inflows in the Rs.1000 Crores range (Page 7).

- FY2019 tolling revenue expected to be over Rs. 2,000 Crores. - EPC revenue projected between Rs. 1,400 to 1,500 Crores for FY2019. - Construction segment turnover increased; targeting run rate push to achieve timely project completions. - EPC segment EBITDA margins expected around 15%-17%, though slight dip anticipated in next 3-4 quarters, offset by new projects. - Order book stands around Rs. 7,000 Crores; plans to bid for additional Rs. 1,000+ Crores projects in the last quarter of FY2019. - Anticipation of robust HAM project bidding pipeline with 10 projects (6 ongoing, 4 near financial closure). - Exploring opportunities in TOT projects and PWD EPC contracts. - Overall focused on sustainable, risk-mitigated growth with efficient execution and calibrated business approach.

- Q1 FY2019 showed strong performance with consolidated revenue of Rs.840.7 Crores, EBITDA Rs.166.6 Crores, and PAT Rs.26.1 Crores. - Tolling revenue for FY2019 expected to be Rs.2000 Crores+; EPC revenue around Rs.1400-1500 Crores. - EPC margins anticipated to remain stable overall; slight dip expected in next 3-4 quarters but new projects will balance margins. - Equity infusion and financial closure of 4 new HAM projects underway; funding through QIP, internal accruals, and EPC margins. - Company focused on efficient monetization of HAM portfolio post-construction phase to fuel future growth. - Pipeline includes bidding for new EPC and HAM projects, and participation in TOT projects, indicating steady order book growth. - Tolling operations expected to resume soon post suspension, with claims to cover revenue loss. - Industry outlook positive with government emphasis on execution, offering long-term growth opportunities.

- Current order book is around Rs. 7,000 Crores (70 billion). - The company plans to bid for a couple of new construction projects in the last quarter of the financial year, targeting an additional Rs. 1,000 Crores. - Actively evaluating bidding opportunities for the second phase of TOT projects. - Evaluating partnerships before deciding the bidding approach (alone or with partners). - Pipeline includes 10 HAM projects with work started on six, and financial closure expected soon for four more. - Continuing to bid on short-term EPC and tolling projects, though competition remains aggressive. - Long-term focus includes bidding for future hybrid annuity projects and EPC projects to sustain growth.