Cemindia Projects Ltd · NSE:CEMPRO
Cemindia Projects — ITD Cementation India — Q4 FY23 Earnings Presentation
26 slides from Cemindia Projects's earnings presentation, May 25, 2023
Slide 1: Cover letter to stock exchanges on audited results
Cem ITD Cementation India Limited Commitment, Reliability & Quality Dept. of Corporate Services – Corporate Relationship, National Stock Exchange of India BSE Limited, Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Listing Department, Mumbai 400 001. Exchange Plaza, C-1, Block ‘G’ Bandra-Kurla Co
Slide 2: ITD Cementation India Limited Investor Presentation Q4 FY23 / FY23
Udangudi approach trestle marine works in Tamil Nadu ITD Cementation India Limited Investor Presentation Q4 FY23 / FY23 Kolkata metro in West Bengal Cem Commitment, Reliability, Quality Mumbai Metro underground tunnel in Maharashtra 1
Slide 3: Forward-Looking Statements (Disclaimer)
FORWARD-LOOKING STATEMENTS (DISCLAIMER) This Presentation is for general information only and may contain statements about expected future events and financial and operating results of ITD Cementation India Limited, which could be forward-looking. By their nature, forward-looking statements require
Slide 4: Overview – Nine Decades of Sustainable Presence in India
OVERVIEW – NINE DECADES OF SUSTAINABLE PRESENCE IN INDIA EXPERIENCED ORDERBOOK PRESENCE EMPLOYEE BASE CREDIT RATING PROMOTERS PAN INDIA ICRA A and CARE A OVER 7,300 Rs 200,436 (12 STATES & 2 UT) 46.64% (including contractual ‘STABLE’ 1 INTERNATIONAL MILLION employees) PROJECT OUTLOOK DIVERSIFIED AND
Slide 5: Vision & Mission
VISION & MISSION VISION MISSION Our aim is a satisfied To make ITD Cementation client, a strong and India Limited, the proactive workforce and country’s leading quality product finished construction Company in on time maintaining customer choice, quality highest safety standard and safety and to bud
Slide 6: History
HISTORY 1978: 1996-98: 2000-01: 2004-05: 1994: 1931-78: Branch office was Cemindia Company Kvaerner ASA acquired Skanska AB acquired ITD, acquired Skanska AB interest in Skanska converted into India Trafalgar House Plc in Kvaerner Construction The Cementation subsidiary (named as Limited renamed as
Slide 7: ITD – Strong MNC Parentage
ITD – STRONG MNC PARENTAGE Amongst the leading Infrastructure & largest construction company in Thailand for over 60 years. Received ‘The Royal Seal of Garuda’ in 1985 - Highest and most honorable achievement for civilian Co’s in Thailand Total works in Hand : ~Rs. 726,099 million (Constructio
Slide 8: Corporate Structure
CORPORATE STRUCTURE ITD Cementation India Limited 100% 80% 40% 95% 51% 49% 60% ITD Cementation ITD ITD - ITD Cem JV ITD - ITD Cem JV ITD Cem - Maytas CEC - ITD Cem Projects India Ltd CemIndia JV (Consortium of ITD ITD Cem - BBJ JV Consortium - TPL JV - ITD Cementation) Design & Construction of Desig
Slide 9: Shareholding Pattern (March 31, 2023)
SHAREHOLDING PATTERN (March 31, 2023) Bodies Corporate, 7.0% Market Cap of over Rs 25,000 million as on May 25, 2023 Promoter, Individual, 46.6% Listed in BSE and NSE 29.0% FII, 12.2% Strong institutional shareholding of ~17% i.e. FII’s and Mutual Funds Mutual Funds, 5.1% Amongst few construction Co
Slide 10: Board of Directors
BOARD OF DIRECTORS Chairman Executive Vice Chairman Managing Director MR. PIYACHAI KARNASUTA MR. SANTI JONGKONGKA MR. JAYANTA BASU Independent Director Independent Director Independent Director MR. SUNIL SHAH SINGH MS. JANA CHATRA MR. PANKAJ I.C.JAIN Cem Commitment, Reliability, Quality 9
Slide 11: Performance Highlights – Q4 FY23
PERFORMANCE HIGHLIGHTS – Q4 FY23 REVENUE EBITDA PAT 39% 58% 128% Rs 16,314 million Rs 1,474 million Rs 377 million ORDER WINS Contract Value New orders secured during the quarter (Rs million) Rs 7,055 Thal Sena Bhawan in Delhi 7,055 million in Q4 FY23 Total 7,055 Cem Commitment, Reliability, Quality
Slide 12: Performance Highlights – FY23
PERFORMANCE HIGHLIGHTS – FY23 REVENUE EBITDA PAT 34% 37% 80% Rs 50,909 million Rs 4,628 million Rs 1,247 million Contract New orders secured during the year (i.e. April 2022 to March 2023) Value ORDER WINS (Rs million) Six laning road project in Uttar Pradesh 48,500 Rs 80,790 West Container Terminal
Slide 13: Standalone Financials
STANDALONE FINANCIALS (All figures in Rs million) Revenue from Operations (Yearly) Revenue from Operations (Quarterly) 50,000 46,749 20,000 15,802 40,000 15,000 32,495 11,918 30,000 10,108 9,650 9,380 22,835 21,420 22,083 10,000 20,000 5,000 10,000 0 0 Mar'22 June'22 Sep'22 Dec'22 Mar'23 Mar'19 (15M
Slide 14: Standalone Financials
STANDALONE FINANCIALS (All figures in Rs million) Profit After Tax (Yearly) Profit After Tax (Quarterly) 1,400 400 366 378 1,242 1,200 350 301 300 1,000 819 250 800 688 197 200 164 600 150 432 400 100 158 50 200 0 0 Mar'22 June'22 Sep'22 Dec'22 Mar'23 Mar'19 (15M) Mar'20 Mar'21 Mar'22 Mar'23 Networt
Slide 15: Consolidated Financials
CONSOLIDATED FINANCIALS (All figures in Rs million) Revenue from Operations (Yearly) Revenue from Operations (Quarterly) 60,000 20,000 50,909 16,314 50,000 38,090 15,000 13,270 40,000 11,738 10,978 31,651 10,347 28,607 27,277 30,000 10,000 20,000 5,000 10,000 0 0 Mar'19 (15M) Mar'20 Mar'21 Mar'22 Ma
Slide 16: Consolidated Financials
CONSOLIDATED FINANCIALS (All figures in Rs million) Profit After Tax (Yearly) Profit After Tax (Quarterly) 1,400 400 369 377 1,247 1,200 350 302 300 1,000 832 250 693 200 800 200 165 600 438 150 400 100 160 50 200 0 0 Mar'22 June'22 Sep'22 Dec'22 Mar'23 Mar'19 (15M) Mar'20 Mar'21 Mar'22 Mar'23 Netwo
Slide 17: Order Book Analysis
ORDER BOOK ANALYSIS (All figures in Rs million) 2,50,000 2,00,436 2,00,000 1,55,478 1,50,000 1,17,431 1,17,323 99,925 1,00,000 50,000 0 Mar'19 Mar'20 Mar'21 Mar'22 Mar'23 • Diversified order book of Rs 200,436 million provides multi year revenue visibility • Secured orders worth ~Rs 80,790 million i
Slide 18: Order Book Break-up as on December 31, 2022
ORDER BOOK BREAK-UP AS ON DECEMBER 31, 2022 (All figures in Rs million) Contract Value % Project Name (Rs million) Order book Urban Infrastructure, MRTS and Airports 62,179 31.0% Highway, Bridges and Flyovers 46,063 23.0% Maritime Structures 36,660 18.3% Industrial Structures and Buildings 28,052 14
Slide 19: Urban Infrastructure, MRTS and Airports
URBAN INFRASTRUCTURE, MRTS AND AIRPORTS Kolkata underground metro in West Bengal ORDER BOOK Rs 62,179 million Metro Rail Airports Ahmedabad airport in Gujarat Underground tunneling and Construction of new terminal stations for metros in Chennai, building in Trichy airport, Tamil Nadu Bengaluru,
Slide 20: Highways, Bridges and Flyovers
HIGHWAYS, BRIDGES AND FLYOVERS Ganga Expressway six laning road project in Uttar Pradesh ORDER BOOK Rs 46,063 million Steel bridge over river Ganga in Uttar Pradesh MAJOR PROJECTS UNDER EXECUTION Six Laning road project in Uttar Pradesh Steel Bridge over river Ganga in Uttar Pradesh Cem Commitme
Slide 21: Maritime Structures
MARITIME STRUCTURES Pamban bridge in Tamil Nadu ORDER BOOK Rs 36,660 million Rubble Mound Breakwater in Vizhinjam Port, Kerala MAJOR PROJECTS UNDER EXECUTION Piers, Landside Tunnels & Building in West Container Terminal in the Karwar, Karnataka Port of Colombo, Sri Lanka Udangudi Supercritical
Slide 22: Industrial Structure and Buildings
INDUSTRIAL STRUCTURE AND BUILDINGS Circuit bench of Calcutta High Court in West Bengal ORDER BOOK Rs 28,052 million Sikkim University MAJOR PROJECTS UNDER EXECUTION Redevelopment of Residential colony Circuit bench of Calcutta High at Kasturba Nagar in New Delhi Court at Jalpaiguri in West Benga
Slide 23: Hydro, Dams, Tunnels and Irrigation
HYDRO, DAMS, TUNNELS AND IRRIGATION Sivok Rangpo railway tunnel in Sikkim and West Bengal ORDER BOOK Rs 16,923 million MCGM, Jai Bharat tunnel in Maharashtra MAJOR PROJECTS UNDER EXECUTION Railway tunnels in West Bengal Water conveyor system of lined and Sikkim gravity canal/tunnels in Telangana
Slide 24: Water and Waste Water | Foundation & Specialist Engineering
WATER AND WASTE WATER | FOUNDATION & SPECIALIST ENGINEERING Bhama Askhed water project in Maharashtra WATER AND WASTE WATER Rs 6,417 million Anpara project ground improvement work in Uttar Pradesh FOUNDATION AND SPECIALIST ENGINEERING Rs 4,142 million WATER AND WASTE WATER FOUNDATION AND SPECIALIST
Slide 25: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS Experienced Promoters backed by professional management team Robust orderbook of Rs 200,436 million – Multi year revenue visibility Diversified order book to minimize risks from slowdown in any business areas Summary Conservatively financed with Net Debt:Equity of 0.22x - P
Slide 26: Thank You
Thank You Cem Commitment, Reliability, Quality 25
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