Indus Infra Trust (INDUSINVIT) Corporate presentation summary

Executive summary and industry context

• Strong growth in India's roads sector driven by increased government capital expenditure and supportive policies, with capex rising to INR 12.2 trillion in the FY27 budget and initiatives like NMP 2.0 boosting project awards and asset recycling.

• Portfolio consists of 13 NHAI HAM road assets across 8 states, with a weighted average residual concession life of ~11.34 years and stable, predictable annuity cash flows; 87 out of 390 annuities received, with over INR 127 billion in annuities receivable.

• Industry-wide, InvITs in India have grown rapidly, with net AUM reaching ~INR 7 trillion and 16 road InvITs registered as of March 2025.

Portfolio and financial performance

• Assets under management (AUM) increased from INR 61,266 million in FY24 to INR 94,484 million in FY26, with NAV per unit rising to INR 116.81.

• Consistent distributions since listing, with a cumulative DPU of INR 27.7 and quarterly distributions supported by stable debt and asset additions.

• Consolidated net profit for FY26 was INR 4,816.66 million, with EBITDA of INR 6,319.53 million and a net asset value of INR 51,738.28 million.

• Prudent debt profile with AAA/Stable ratings from major agencies and a net debt to AUM ratio of 43.46%.

Growth pipeline and strategic initiatives

• Visible growth pipeline through a right of first offer (ROFO) on 19 road assets from GR Infra and additional third-party acquisitions, with SPAs signed for four KNR assets.

• Portfolio has expanded steadily, with key acquisitions in FY25 and FY26, and further assets targeted for Q4FY27.