Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — Q3 FY2025 Earnings Presentation
32 slides from Pnc Infratech's earnings presentation, Feb 11, 2025
Slide 1: Stock exchange cover letter for results presentation
PNC PNC lnfratech Limited Ref No: PNC/SE/I 10124-25 Date: 11.02.2025 To, To, The Manager The Manager Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited Floor 25,P.J. Towers, Exchange Plaza, BandraKurla Complex, Dalal Street, Mumbai-4O0 001 Bandra
Slide 2: Investor Presentation Q3FY25
Envisioning Tomorrow Possibilities Unlimited INVESTOR PRESENTATION Q3FY25
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by PNC Infratech Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securit
Slide 4: Key Highlights & Financials
Key Highlights & Financials PNC Infratech Limited
Slide 5: Key Highlights for Q3 FY25
Key Highlights for Q3 FY25 Revenue • Revenue of Rs. 1,205 crore in Q3 FY25 EBITDA • EBITDA of Rs. 146 crore in Q3 FY25 • EBITDA Margin of 12.1% in Q3 FY25 Profit After Tax • PAT of Rs. 83 crore in Q3 FY25 • PAT Margin of 6.9% in Q3 FY25 Standalone Financials PNC Infratech Limited 4
Slide 6: Key Highlights for 9M FY25
Key Highlights for 9M FY25 31% 167 Days Revenue PAT Rs. 18,962 Working Capital 23% Crores EBITDA Orderbook • Net Working Capital of • PAT of Rs. 585 crore in • Revenue of Rs. 4,099 167 days as on 31st 9M FY25 crore in 9M FY25 December 2024 • PAT Margin of 14.3% in • Remaining value of contracts unde
Slide 7: Key Highlights for 9M FY25
Key Highlights for 9M FY25 Revenue (Rs. crore) EBITDA (Rs. crore) PAT (Rs. crore) +23% +31% -23% 873 585 5,357 712 4,099 447 9M FY24 9M FY25 9M FY24 9M FY25 9M FY24 9M FY25 Standalone Financials PNC Infratech Limited 6
Slide 8: Order Book Details
Order Book Details PNC Infratech Limited
Slide 9: Robust Order Book over Rs. 18,900 crores
Robust Order Book over Rs. 18,900 crores ◼ Remaining value of contracts under execution of over Rs. 18,900 crore as on 31st December 2024 Remaining Awarding Key EPC Projects Under Construction Value ◼ The below orders are included in order book as on 31st Dec. 2024 on which appointed Authority (Rs.
Slide 10: Portfolio of Development Projects on PPP Mode
Portfolio of Development Projects on PPP Mode PNC Infratech Limited
Slide 11: Asset Monetization
Asset Monetization ◼ Divestment of Equity Stake in 12 of Company’s Road Assets ✓ The Company, along with its wholly owned subsidiary, PNC lnfra Holdings Limited have signed a Master Securities Purchase Agreement (SPA) with Highways Infrastructure Trust (HIT), an Infrastructure Investment Trust (InvI
Slide 12: Sizeable Project Portfolio: Operational Projects
Sizeable Project Portfolio: Operational Projects PNC Share of Invested Debt as on 31st % JV Kms / TPC Invested Grant Total Debt Project Authority State / Stretch Type Equity Dec. ‘24 Stake Partners Lanes (Rs. Crs) Amount (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Kanpur Kabrai 100% NHAI UP /
Slide 13: Sizeable Project Portfolio: HAM Projects
Sizeable Project Portfolio: HAM Projects PNC Share of Debt / Bond as on % TPC Invested Equity Total Debt Project Authority State / Stretch Kms / Lanes Status Invested Amount 31st Dec’24 Stake (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Dausa-Lalsot * 100% NHAI Raj/ NH11A 83.45/ 4/2 COD 820 65
Slide 14: Annexure – I Summary Financials
Annexure – I Summary Financials PNC Infratech Limited
Slide 15: Standalone Profitability Statement – Q3 & 9M
Standalone Profitability Statement – Q3 & 9M Rs. Crores Q3 FY25 Q3 FY24 9M FY25 9M FY24 YoY Growth (%) REVENUE 1,205 1,803 4,099 5,357 EBITDA 146 239 873 712 23% EBITDA margin 12.1% 13.3% 21.3% 13.3% 801 bps Other Income 16 4 37 18 Depreciation 23 26 68 77 Financial Expenses 22 17 50 52 Profit Befor
Slide 16: Net Working Capital Days - Standalone
Net Working Capital Days - Standalone 167 106 112 97 99 102 93 73 74 77 60 57 62 51 Mar/19 Mar/20 Mar/21 Mar/22 Mar/23 Mar/24 Dec/24 Debtors Net Working Capital PNC Infratech Limited 15
Slide 17: Consolidated Profitability Statement – Q3 & 9M
Consolidated Profitability Statement – Q3 & 9M Rs. Crores Q3 FY25 Q3 FY24 9M FY25 9M FY24 YoY Growth (%) REVENUE 1,470 2,047 5,065 6,050 EBITDA 379 432 1,704 1,268 34% EBITDA margin 25.8% 21.1% 33.6% 21.0% 1,268 bps Other Income 42 17 109 58 Depreciation 74 44 154 132 Financial Expenses 224 169 619
Slide 18: Segmental Revenue Break-up
Segmental Revenue Break-up Q3 FY24 Q3 FY25 277 533 243 192 19% 26% 12% 13% 1,270 1,001 62% 68% EPC Water Toll/Annuity EPC Water Toll/Annuity 9M FY24 1,351 9M FY25 621 838 688 22% 12% 17% 12% 4,010 3,606 66% 71% EPC Water Toll/Annuity EPC Water Toll/Annuity PNC Infratech Limited 17
Slide 19: Annexure – II Company Overview
Annexure – II Company Overview PNC Infratech Limited
Slide 20: Introduction
Introduction Established track record of timely/early completion of projects • Infrastructure construction, development, and management company; expertise in the execution of projects including highways, bridges, flyovers, airport runways, industrial areas, railways and transmission lines • Executed
Slide 21: Business Overview
Business Overview Roads & Roads & Highways Dedicated Freight Water Supply & Industrial Area Highways EPC Airport Runways Power Transmission BOT / OMT/ HAM Corridor / Railways Irrigation Development Completed 66 Operating 5 BOT projects, Design, procurement Working on EPC Executed 21 airport Complete
Slide 22: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) BOT Holdco for road and other infra projects PNC Gomti Highways Private Limited (“PNCGHPL”) * PNC Bareilly Nainital Highways Private Limited (“PNCBNHPL”) * 4 Laning of Jagdishpur Faizabad Section of NH 330 A on HAM 4 laning of the Bareilly-Al
Slide 23: Integrated Business Model
Integrated Business Model In-house Design & Own Quarries / Engineering Equipment Bank In-house Construction Raw Material Sourcing ◼ Controls the entire ◼ Ownership of a fleet of ◼ Own / Leasing of process from modern equipment ◼ Ensuring timely Quarries helps in conceptualization to enables quick co
Slide 24: Enhanced Execution Capability
Enhanced Execution Capability Long term bank facilities “CARE AA+ (Double A plus)” Strong Credit Rating ◼ ◼ Short term bank facilities “CARE A1+ (A One plus)” “Stable” outlook Fund Based Limits of Rs. 1,000 crores which will enable us to execute projects without financial constraints Working Capital
Slide 25: Enhanced to Augment and upgrade the execution
Enhanced to Augment and upgrade the execution Rs. Crores 1,317 1,341 1,340 1,267 1,273 1,094 1,016 FY19 FY20 FY21 FY22 FY23 FY24 Dec-24 Present Capex will enable us to achieve a Turnover of Rs. 10,000-12,000 crores PNC Infratech Limited 24
Slide 26: Strengthening of in-house execution team
Strengthening of in-house execution team No. of Employees 10,187 9,599 9,387 8,879 8,371 8,334 7,591 FY19 FY20 FY21 FY22 FY23 FY24 Dec-24 Strengthening of In-house execution team with induction of engineers with strong technical knowledge PNC Infratech Limited 25
Slide 27: Strong Credit Rating
Strong Credit Rating ◼ PNC Gomti Highways Pvt. Ltd. * ◼ PNC Infratech Ltd. ✓ Long term bank facilities at CARE AA+; Stable (Double A plus; Outlook: Stable) ✓ Long term bank facilities at CARE AAA (Stable) (Placed on Rating Watch with ✓ Reaffirmed Short term bank facilities at CARE A1+ (A One plus) P
Slide 28: Experienced Promoters
Experienced Promoters Mr. Pradeep Kumar Jain Mr. Naveen Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Jain Chairman & Managing Promoter Managing Director Managing Director Director ◼ Over 41 years of experience ◼ Over 32 years of experience ◼ Over 31 years of experience ◼ Over 26 years of experience
Slide 29: Board of Directors
Board of Directors Mr. Pradeep Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Jain Chairman & Managing Director Managing Director Managing Director Mr. Anil Kumar Rao Mr. Talluri Raghupati Rao Whole-time Director Wholetime Director Mr. Krishan Kumar Jalan (IAS) Mr. Gauri Shankar Mr. Subhash Chander K
Slide 30: Clientele
Clientele PNC Infratech Limited 29
Slide 31: Growth Strategy
Growth Strategy Diversification Strong Relationship Competitiveness Focused Approach ◼ Leveraging Strong Project ◼ Maintaining Strategic Alliances with ◼ Improve performance and ◼ Continue to focus on our Core EPC Execution track record to diversify companies whose Resources, Skills & competitivenes
Slide 32: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : PNC Infratech Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L45201DL1999PLC195937 CIN: U74140MH2010PTC204285 Mr. D. K. Maheshwari Mr. Jigar Kavaiya Senior Vice President - Finance COO – IR Practice +91-9920602034 dkm@pnc