The document provides an overview of the infrastructure construction market in India in 2017. It discusses key points: - The infrastructure construction sector is an important driver of the Indian economy and is focused on by the government to develop world-class infrastructure. - The introduction of GST is expected to reduce tax complexities and spur growth in the construction sector. - The market is projected to reach ~X billion by 2020, growing at a CAGR of ~Y% from 2015-2020. - Major drivers include the need for urban infrastructure, increasing foreign investment, and government initiatives. Challenges include poor project execution and lack of skilled labor.

1. Infrastructure Construction Market – India
February 2017
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2. Infrastructure Construction Market in India 2017
Executive Summary
Market Overview
Drivers and
Challenges
Competitive
Landscape
• Infrastructure construction sector is a key driver for the Indian economy
• The sector is highly responsible for propelling India’s overall development and enjoys intense focus from Government for initiating policies that would
ensure time-bound creation of world class infrastructure in the country
• The introduction of Goods and Services Tax (GST) by the Indian Government will ease tax-related complexities in the construction sector and bring a
major spurt in activity and growth of the sector
• By 2020, the infrastructure construction market is expected to reach a value of INR ~X bn, growing at a CAGR of ~Y% from during 2015-20
Drivers
• Increasing need for infrastructure in Urban areas
• Increasing Foreign Direct Investments in India
• Increasing Government Initiatives
Challenges
• Poor Project Planning and Execution
• Lack of Skilled Manpower
• Slow Pre-tendering Approval process
• Increasing Commodity Prices and Financial crisis
2
Major Players
Company A Company B Company C Company D

3. Socioeconomic Indicators
Market Overview
Competitive Landscape
Recent Developments
Appendix
3
Market Influencers
Market Opportunity & Investments

4. Infrastructure Construction Market in India 2017
Socioeconomic Indicators
Total Population
4
Population Density
1,500
1,000
500
0
X%
2020
k
2019
j
2018
i
2017
h
2016
g
2015
f
2014
e
2013
d
2012
c
2011
b
2010
a
0
100
200
300
400
500
2019 2020
k1
Y%
2015
f1
2014
e1
2013
d1
2012
c1
2011
b1
2010
a1
h1
2016
i1
2017
j1
2018
g1

5. Infrastructure Construction Market in India 2017
Market Overview
5
Construction Market Scenario
C%
B%
A%
ZYX
Market Size & Growth Forecast of India’s Construction Industry Market Segmentation of India’s Construction Industry
0
10,000
20,000
30,000
40,000
2017e
c
2016e
b
2015
a
X%
2020e
f
2019e
e
2018e
d
2020e
• The construction industry of India is a major contributor towards India’s GDP, both directly and indirectly
• It is highly fragmented in India with a number of unorganized players in the industry which works on the subcontracting basis
 To execute more critical projects, nowadays bids are increasing placed in consortium
• The construction industry, with its backward and forward linkages with various other industries like cement, steel and bricks catalyzes employment generation in the country
• Foreign Direct Investments norms several sectors including real estate and construction development have now been eased by the Indian Government which has started showing
very positive implications in these sectors as well as the overall economy
• Construction activity in the residential market in India is supported by rapid urbanization, population growth and positive developments in regional economic conditions
• By 2020, the market is expected to reach a value of INR X bn, growing at a CAGR of ~Y% from 2015

6. Infrastructure Construction Market in India 2017
Market Overview (Continued)
6
Market Size & Growth Forecast of India’s Infrastructure Construction Sector
0
2,000
4,000
6,000
8,000
10,000
12,000
Y%
2020e
f
2019e
e
2018e
d
2017e
c
2016e
b
2015
a
• The infrastructure sector in India has evolved from purely Government funded projects to newer business models involving partial or complete ownership of the private sector
• The Finance Minister of India has announced a Y% increase in allocations for infrastructure over last year in the Union Budget 2017 which will have a salutary effect on the economy,
creating new employment and income-generation opportunities in India
• Growth of the infrastructure sector in India is dependent on solving a few key challenges related to reducing regulatory uncertainty, developing appropriate financing mechanisms and
ensuring efficient project management
• In order to increase FDI inflows, particularly with a view to catalyzing investment and enhancing the infrastructure sector, the Indian Government now permits X %FDI under the
automatic route for a broad range of sectors
• By 2020, the market is expected to reach a value of INR X bn, growing at a CAGR of ~Y% from 2015
Infrastructure Construction Market Scenario

7. Infrastructure Construction Market in India 2017
Foreign Direct Investments
7
• Country 1, Country 2, Country 3 and Country 4 accounted
for the major share of FDI inflows into India
• Out of FDI equity inflows of INR X bn during FY 2016 (Apr-
Sep), around Y% came from Country 1 and Country 2
• According to the Department of Industrial Policy and
Promotion, the FDI equity inflows in Mar 2016, increased by
Y% to INR X bn
• Total FDI equity inflows to India increased by X% to
INR Y bn during the FY 2016
• Several companies from countries like Country 1, Country
2, Country 3 and Country 4 announced their plans to invest
in India in various industrial and infrastructure projects
• A state-wise analysis of FDI inflows by the Government of
India shows that State 1, State 2, State 3 and State 4
together attracted more than X% of total FDI inflows to India
during the last Y years
• Existing Airports – beyond X% of
FDI, prior permission by the
Government is required
Approval Route –Permission
required by the Government
• Greenfield Airports
• Construction and maintenance of
ports, harbors, roads , highways
• Power generation, transmission
and distribution
• Townships, housing, built-up
infrastructure and construction-
development projects
Automatic Route –Freely
permissible (Y% FDI)
FDI Routes
dek
f
g
h
i
j
a
b
c
K
J
I
H
G
F
E
D
C
B
A
Apr 16 - Sep 16
Share of Top Investing Countries (FDI Equity Inflows)

8. Infrastructure Construction Market in India 2017 8
Projected Investment in Indian Infrastructure—Twelfth Five Year Plan (FY 2012-2017)
Telecommunications
Electricity Renewable Energy
Roads and Bridges
0
1,000
2,000
3,000
4,000
FY 2017
c
a
b
a
FY 2016FY 2014
a
b
c
FY 2013
a
b
c
FY 2015
c
a
b
c
b
CBA
0
500
1,000
1,500
2,000
2,500
FY 2017
a
b
c
FY 2016
a
b
c
FY 2015
a
b
c
FY 2014
a
b
c
FY 2013
a
b
c
BA C
0
500
1,000
1,500
2,000
2,500
3,000
FY 2017
a
b
FY 2016
a
b
FY 2015
a
b8%
FY 2014
a
b
FY 2013
a
b
BA
0
200
400
600
800
1,000
1,200
z
FY 2017
x
y z
FY 2016
x
y z
FY 2015
x
y z
FY 2014
x
y z
FY 2013
x
y
BA C

9. Infrastructure Construction Market in India 2017
Market Drivers
9
• Present level of urban infrastructure in India is
inadequate to meet the demands of the
existing urban population
• X
• X
• X
Increasing need for infrastructure in Urban areas
• India is witnessing a significant interest from
international investors in the infrastructure
space
• X
• X
• X
Increasing Foreign Direct Investments in India
• The Indian government has promoted investing
in infrastructure, providing benefits such as the
easing of tax restrictions and multiple financing
alternatives
• X
• X
• X
Government Initiatives

10. Infrastructure Construction Market in India 2017
Competition
10
List of Major Players
Name Website
Company A
Company B
Company C
Company D
Company E
Company F
Company G
Company H
Company I
Company J

11. Infrastructure Construction Market in India 2017 11
Public: Domestic Company – Company A
Company Information
Products and Services
Category Products/Services
Transportation Bridges, Flyovers, Roadways and Railways
Power Projects
Nuclear Power, Hydroelectric Power, Thermal Power,
Transmission Lines
Structures
Marines Structures ,Industrial Structures, Public Utility
Structures, Residential and Commercial Structures
Others
Transmission and Distribution, Irrigation Projects, Ground
Engineering and Water Supply
Key People
Business Description
• Company A was founded in 19- and is headquartered in State 1
• It operates as an infrastructure construction company worldwide
• The company mainly operates through three segments which are construction
and engineering, oil exploration and realty development
• It engages in the design, engineering, and building of transportation projects,
including bridges, highways, flyovers, roadways, and railways and also in power
projects such as nuclear, hydroelectric, and thermal power
• The company also constructs engineering, procurement, and construction
projects in power transmission and distribution sectors, marine structures
consisting of sea ports, jetties, wharves and bridges
• In addition to these services, the company also undertakes projects in ground
engineering and water supply
Corporate Address Company A
Tel No. +91-xx-yyyy-zzzz
Fax No. +91-xx-yyyy-zzzz
Website www.xyz.com
Year of Incorporation 2016
Stock Exchange : Ticker XXX
Name Designation
XXX XXX

12. Infrastructure Construction Market in India 2017 12
Public: Domestic Company – Company A (Continued)
Key RatiosFinancial Snapshot
Key Financial Performance Indicators
Indicators Value (07/02/2017)
Market Capitalization (INR mn)
Total Enterprise Value (INR mn)
EPS (INR)
PE Ratio (Absolute)
Particulars 2012 2014 2015 2016
Profitability Ratios
Gross Margin %
Net Income Margin %
EBITDA Margin %
EBITA Margin %
EBIT Margin %
Return on Assets %
Return on Capital %
Return on Equity %
Return on Common Equity %
Liquidity Ratios
Current Ratio
Quick Ratio
Leverage Ratios
Total Debt/Equity
Total Debt/Capital
Interest Coverage
Efficiency Ratios
Total Asset Turnover
Fixed Asset Turnover
Accounts Receivable Turnover
Inventory Turnover
Net Profit / LossTotal Income
x
x
y
z
c
d
e
a
b
c
d
e
f0
FY 2016
a
e
FY 2015
b
f
FY 2014
c
g
FY 2012
d
h

13. Infrastructure Construction Market in India 2017 13
Public: Domestic Company – Company A (Continued)
Key Business Segments Key Geographic Segments
100%
80%
60%
40%
20%
0%
FY 2016
Company A has been operating solely in
infrastructure construction business
over the last few years
0%
20%
40%
60%
80%
100%
FY 2016
b
y
FY 2015
a
x
OthersCountry A

14. Infrastructure Construction Market in India 2017
Recent Developments
14
Date Category Description Impact
Feb 08, 2017 Expansion
• The Government of India has announced its plans to construct Y km of highways in FY 2018 which
is X % more than that in the current fiscal which is FY 2017
High
Feb 07, 2017
Feb 07, 2017
Feb 06, 2017
Feb 02, 2017
Jan 30, 2017

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