Vertis Infrastructure Trust (VERTIS) Corporate presentation summary

Overview and portfolio

• One of India's largest road sector InvITs with 27 assets across 10 states, totaling 8,088 lane km and a signed pipeline of 2 more assets under acquisition.

• Portfolio includes a balanced mix of 11 toll and 16 annuity/HAM assets, with a 68:32 AUM split between toll and annuity/HAM.

• Sponsored by KKR (c.72% holding) and OTPP as a key investor, with a diverse board and experienced management.

• Cumulative unit capital investment of INR 129 bn and AUM of c.INR 259 bn as of March 2025.

• Weighted average operating history of toll assets is 14.8 years, with a residual concession term of 14.3 years.

Strategic differentiators

• Demonstrated AUM growth of nearly 5x since listing, driven by both sponsor and non-sponsor asset acquisitions.

• Diversified toll portfolio spans key traffic corridors, connecting major cities, industrial hubs, ports, and tourist destinations.

• Balanced geographical and commodity mix reduces traffic risk, with high-growth commodities accounting for over 50% of traffic.

• Portfolio benefits from macroeconomic tailwinds, including industrial growth, urbanization, and government infrastructure push.

• High-quality annuity/HAM assets provide stable cash flows, with all assets fully operational and contracted with NHAI.

• Industry-leading and consistent distributions, with cumulative DPU of INR 45.1/unit since Aug 2022.

• Strong governance, experienced leadership, and robust ESG and safety culture.

Platform capabilities

• Fully independent platform with end-to-end capabilities in asset acquisition, integration, and operations.

• Efficient tolling and revenue assurance framework leveraging technology and audits to minimize leakages.

• Operational excellence through lean O&M, cost efficiencies, and innovative maintenance strategies.

• Best-in-class financing with diversified lender base, AAA ratings, and largest sustainability-linked financing by an InvIT.

• Highly experienced management and board with multi-domain expertise in infrastructure, finance, and policy.

• Advanced IT framework ensures scalable, resilient, and integrated operations.

• Safety and ESG deeply embedded, with significant achievements in training, hazard reduction, and environmental initiatives.