DEE Development Engineers Limited — PPTs, 15-02-2025: Investor Presentation

### Financial Highlights (Q3 & 9M FY25)

DEE Development Engineers Limited reported an operational income of ₹1,620 Mn in Q3 FY25, marking a 22.7% year-over-year decline. Operating EBITDA fell sharply by 81.1% to ₹57 Mn, resulting in an EBITDA margin of 3.5%, down from 14.3% in Q3 FY24. The company recorded a profit after tax (PAT) of (₹133) Mn, reflecting a staggering 247.6% decrease YoY. Challenges included slower project execution due to delays in approvals for major orders like the ₹1,390 Mn propane dehydrogenation plant and a significant international order worth ₹510 Mn.

For the nine-month period, revenue reached ₹5,410 Mn, slightly down by 0.8% YoY. Operating EBITDA stood at ₹603 Mn, representing a growth of 11.3% from the previous year. The order book remains robust at ₹13,937 Mn, signaling potential recovery paths ahead.

### Strategic Initiatives and Growth Drivers

The company expanded its production capacity by 9,000 MT per annum with the commissioning of the New Anjar Facility II in January 2025, aiming for a further increase of 15,000 MT by October 2025. DEE is also set to begin operations in a new seamless thickness pipe plant by January 2026, reinforcing its commitment to operational efficiency and new markets.

### Market Position and Competitive Advantage

DEE holds a leading position in India's process piping industry, supported by a diverse product range and a strategic network of manufacturing facilities both domestically and in Thailand. Established relationships with key clients in oil, gas, and power sectors bolster its competitive edge, with sustained demand projected from expanding industrial capacities.

### Investor Implications

Despite the current setbacks, measures taken to enhance capacity and streamline operations signal a positive outlook. Continued investments in technology and strategic expansions are likely to position DEE favorably to leverage growth in upcoming capital-intensive projects across key industries. Investors should watch closely as the company navigates its operational challenges and capitalizes on its robust order book for future growth.