JSW Infrastructure (JSWINFRA) Investor Presentation summary

Business overview and strategic positioning

• Second largest private port operator in India with 170 mtpa capacity and a diversified portfolio across ports, terminals, and logistics assets.

• Assets are strategically located on both coasts, offering multi-modal evacuation and deep-draft capabilities for large vessels.

• Strong connectivity to industrial hinterlands and mineral belts enhances cargo stickiness and operational efficiency.

• Part of a larger conglomerate with interests in steel, energy, cement, paints, EVs, and sports, supporting integrated growth.

• Well-equipped ports and terminals with ongoing brownfield and greenfield expansions to boost capacity and service offerings.

Market environment and sector fundamentals

• India is projected to become the world’s third-largest economy, with GDP expected to surpass $7 trillion by 2030.

• Government initiatives like the National Infrastructure Pipeline and Sagarmala are driving large-scale infrastructure and port modernization.

• Indian port sector features 7,500+ km coastline, 12 major and 200+ non-major ports, and aims to quadruple capacity to 10,000 mtpa by 2047.

• Maritime India Vision 2030 targets world-class port infrastructure and increased private sector participation.

Growth strategy and project pipeline

• Targeting a 2.4x increase in capacity by FY30 through brownfield expansions, greenfield ports, and port connectivity projects.

• Key projects include new berths at Tuticorin, liquid terminals at JNPA, expansions at Mangalore and Goa, and major greenfield ports at Keni and Jatadhar.

• Acquired a 302km slurry pipeline project in Odisha to enhance port connectivity and cargo volumes.

• Pursuing value-accretive acquisitions, such as a majority stake in Navkar Corp, and leveraging a strong balance sheet for inorganic growth.