Corporate Presentation September 2021

Investor Presentation

Q2FY2022

Safe Harbour

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This presentation has been prepared by IRB Infrastructure Developers Limited (the "Company") solely for your information and for your use and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organization or firm) or published in whole or in part, for any purpose. By attending or receiving this presentation, you are agreeing to be bound by the restrictions set forth herein regarding the information disclosed in these materials.

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Contents

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Update	4
Strong Recovery across Projects	5
Q2FY22 Results	20
Segmental Performance	25
Offshore Bond Issue	33
Private InvIT - IRB Infrastructure Trust	39
Corporate Overview	42

Strong growth in Q2FY22 vs Q2FY21 in Collections and EPC execution	4

• Impact of Wave - II was much lower as compared to Wave - I on traffic and Mumbai Pune reports ~39% growth for Q2FY22 as compared to Q2FY21 in average daily toll collection.
• Execution momentum for construction continued and EPC witnessed 35% growth for Q2FY22 as compared to Q2FY21.
• EBITDA grew by ~26% in Q2FY22 from Q2FY21
• As against loss of Rs. 20 crs in Q2FY21, PAT after share of loss from JV stood at Rs. 42 crs profit in Q2FY22.

Robust Financial Performance

• CG BOT Project achieved COD in August 2021 and got tariff revision of ~58%.
• Sindhudurg Airport has received Aerodrome license and commenced commercial operations.
• Balance two projects of Private Invit (KG & HM) are expected to achieve COD in FY22 and will receive similar tariff revision in range of ~50 to 55%. VK1 is also expected to achieve COD in Q3FY22.

Impressive Execution line-up

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Strong Recovery across Projects