Slide 1: Regulation 30 cover letter to stock exchanges
Ref. No.: NCCL/ Regulation 30/2024 Date : February 8, 2024 National Stock Exchange of India Ltd BSE Limited Exchange Plaza, C-1, Block G Phiroze Jeejeebhoy Towers Bandra – Kurla Complex Dalal Street, Bandra (E) Fort MUMBAI - 400 051. M U M B A I – 400 001. Symbol: NCC Code: 500294 Dear Sir(s), Sub:
Slide 2: Investor Presentation February 08, 2024
Investor Presentation February 08, 2024 Copyright © 2017 NCC Limited 1
Slide 3: Disclaimer
Disclaimer This presentation contains certain forward looking statements concerning NCC’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The r
Slide 4: Building Infrastructure Milestones
BUILDING INFRASTRUCTURE MILESTONES Copyright © 2022 NCC Limited 3
Slide 5: Agenda
COMPANY OVERVIEW FINANCIALS PROJECTS SNAPSHOT PRODUCTIVITY ENHANCING INITIATIVES GROWTH & MARKET POTENTIAL OUR VALUE PROPOSITION Copyright © 2022 NCC Limited 4
Slide 6: Company Overview
Company Overview National War Memorial & National War Museum, New Delhi Copyright © 2022 NCC Limited 5
Slide 7: Company Overview
Company Overview Second largest listed construction company by revenue Pan India Presence Strong Governance credentials (Four independent directors, Independent Director as Chairman & One non- EPC company with executive, non-independent in-house design and Director) engineering capabilities Well Div
Slide 8: Company Overview: Business Verticals
Company Overview: Business Verticals Water & Irrigation Buildings Transportation Electrical (T&D) Mining Railways Environment • Hospitals & • Access Controlled • Water supply • Transmission and • Dams & • Overburden • Civil EPC Medical colleges Highways projects distribution lines Reservoirs Removal
Slide 9: Company Overview: Group Structure
Company Overview: Group Structure S. No. Particulars Q3FY24 Revenue Mix% 1 Construction i) NCC Limited 90.23% ii) Pachhwara Coal Mining Private Limited 8.46% 2 Real Estate i) NCC Urban Infrastructure Limited 1.24% 3 Others i) BOT Roads 0.07% Total 100.00% Copyright © 2022 NCC Limited 8
Slide 10: Company Overview: Client List
Company Overview: Client List Chennai Metro Rail Ltd MSRDC Copyright © 2022 NCC Limited 9
Slide 11: Company Overview: Awards
Company Overview: Awards Bagged three awards at the 21 st edition of the Construction World Global Awards in 2023 Person of the year Top Challenger Fastest Growing Construction Copyright © 2022 NCC Limited Company (large category) 10
Slide 12: Financials
Financials Rajiv Gandhi Institute of Petroleum Technology, Jais, Uttar Pradesh Copyright © 2022 NCC Limited 11
Slide 13: Financials: Order book & Revenue mix (9MFY24)
Financials: Order book & Revenue mix (9MFY24) ORDER INFLOW 9MFY24 Rs. 21239 Cr 9,000 ORDER BOOK 9MFY24 Rs. 57440 Cr 25,000 23,544 8,000 7,636 7,026 7,000 20,000 6,000 5,000 15,000 12,458 4,000 3,478 3,253 9,105 10,000 8,142 3,000 2,000 3,682 5,000 1,000 309 198 41 - - Buildings Transportation Water
Slide 14: Financials: Order book & Revenue mix (9MFY24)
Financials: Order book & Revenue mix (9MFY24) ORDER INFLOW 9MFY24 Rs. 21239 Cr ORDER BOOK 9MFY24 Rs. 57440 Cr 0% 1% 0% 6% 36% 33% 22% 41% 16% 16% 15% 14% Buildings Transportation Water & Railways Electrical Others Buildings Transportation Water & Railways Electrical Mining Irrigation Others STATE WI
Slide 15: Key Financial Nos: 9MFY24 (Standalone)
Key Financial Nos: 9MFY24 (Standalone) Order Book Revenue EBIDTA Rs 50,154 crore 26% Y-o-Y Rs 12,950 crore 37% Y-o-Y Rs 1,138 crore 8.85% of Revenue ₹ Profit after Tax Earnings per Share Net Debt Rs 444 crore 3.4% of Revenue ₹ Rs 7.07 Rs 1,369 crore ₹ Copyright © 2022 NCC Limited 14
Slide 16: Key Financial Nos: 9MFY24 (Consolidated)
Key Financial Nos: 9MFY24 (Consolidated) Order Book Order Inflow Revenue Rs 57,440 crore Rs 21,239 crore Rs 14,441 crore 37% Y-o-Y 68% Y-o-Y 35% Y-o-Y EBIDTA Profit after Tax Net Debt Rs 1,218 crore 8.5% of Revenue ₹ Rs 472 crore 3.3% of Revenue ₹ Rs 1,293 crore ₹ Copyright © 2022 NCC Limited 15
Slide 17: Financials: 9M & Q3 (Standalone)
Financials: 9M & Q3 (Standalone) Rs. Crore Revenue EBIDTA) PAT) 9M Highlights 12,951 9.8% 8.8% 4.1% 3.4% 1,138 9,456 37% 919 392 444 24% 13% 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24 Revenue EBIDTA PAT 10.3% 10.1% 4.4% 4.5% Q3 Highlights 4,773 213 479 3,430 39% 42% 349 37% 150 Q3FY23 Q3FY24 Q3FY23 Q
Slide 18: Financials: 9M & Q3 (Consolidated)
Financials: 9M & Q3 (Consolidated) Rs. Crore Revenue EBIDTA PAT 14,441 9.4% 8.5% 3.9% 3.3% 9M Highlights 1,218 472 10,720 35% 418 13% 994 22% 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24 Revenue EBIDTA PAT 9.6% 9.6% 5,288 4.2% Q3 Highlights 4.0% 505 221 3,964 33% 376 34% 158 40% Q3FY23 Q3FY24 Q3FY23 Q3
Slide 19: Financials: SPV - Pachhwara Coal Mining
Financials: SPV - Pachhwara Coal Mining Activity Mine Developer & Operator (MDO) Operative Since 12 Dec 2018 Presently Pachhwara North Coal Block, Pakur District, Jharkhand Operating @ NCC Share in SPV 51% (%) Client West Bengal Power Development Corporation Ltd (WBPDCL) Project Duration 30 years In
Slide 20: Financials: Subsidiary Companies – NCC Urban
Financials: Subsidiary Companies – NCC Urban Operative (Rs Crore) 08 Dec 2005 ❖ Completed 10 million sft of Since built-up area. Activity Real Estate Presently Bengaluru, Hyderabad, Chennai, Kochi, ❖ Under Construction 4 Operating @ Guntur, Ranchi million sft of built-up area. NCC Share (%) 80% ❖ Fu
Slide 21: Operating Performance – Standalone (Quarter wise)
Operating Performance – Standalone (Quarter wise) Rs. Crores REVENUE 4773 4283 4016 Rs Crore 3838 3373 2959 3004 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Quarter EBITDA Net Profit 213 479 424 178 162 Rs Crore Rs Crore 381 349 150 281 289 279 120 122 69 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY
Slide 22: Financials: Historical (Standalone)
Financials: Historical (Standalone) TURNOVER EBIDTA & PAT 16000 1600 13504 12951 1343 14000 1400 12000 10038 1200 1138 1030 996 10000 8370 1000 7362 855 Rs Crore 8000 800 569 6000 600 490 444 382 4000 400 261 2000 200 0 0 FY20 FY21 FY22 FY23 9MFY24 FY20 FY21 FY22 FY23 9MFY24 Year EBIDTA PAT Networth
Slide 23: Financials: Historical (Consolidated)
Financials: Historical (Consolidated) Order Book TURNOVER 70000 18000 57440 15701 14441 16000 60000 50244 14000 11209 50000 39361 37911 12000 9014 Rs Crore Rs Crore 40000 10000 8065 26572 30000 8000 6000 20000 4000 10000 2000 0 0 FY20 FY21 FY22 FY23 9MFY24 FY20 FY21 FY22 FY23 9MFY24 Year Year EBIDTA
Slide 24: Financials: Consolidation Journey So Far
Financials: Consolidation Journey So Far • Sold most of the noncore businesses like Power Generation, BOT Roads, Land holding SPV etc • Stopped Bidding in the International Division. It is under the process of winding up • Remaining noncore investments/assets are under active consideration for dives
Slide 25: Projects Snapshot
Projects Snapshot Bangalore Metro Rail Phase-II Copyright © 2022 NCC Limited 24
Slide 26: Projects Snapshot: Inauguration of AIIMS Guwahati, Assam
Projects Snapshot: Inauguration of AIIMS Guwahati, Assam Copyright © 2022 NCC Limited 25
Slide 27: Projects Snapshot: Inauguration of Integrated Terminal Building, Agartala
Projects Snapshot: Inauguration of Integrated Terminal Building, Agartala Copyright © 2022 NCC Limited 26
Slide 28: Projects Snapshot: Inauguration of Samruddhi Expressway, Maharashtra
Projects Snapshot: Inauguration of Samruddhi Expressway, Maharashtra Copyright © 2022 NCC Limited 27
Slide 29: Projects Snapshot: Major Projects Executed
Projects Snapshot: Major Projects Executed ESIC Hospital, Gulbarga (Rs 1,051 crore) Makara Dhokra, Maharashtra (Rs 881 crore) AIIMS, Bilaspur District (Rs 1,196 crore ) Nagpur Metro Rail (Rs 560 crore) Agra-Lucknow Expressway, UP (Rs 1,675 crore) Nagpur-Mumbai Expressway (Rs 2,850 crore) Copyright ©
Slide 30: Projects Snapshot: Major Projects Completed
Projects Snapshot: Major Projects Completed Mission Bhagiratha, Telangana (Rs 1,471 crore) AIIMS, Guwahati (Rs 704 crore) Ramagundam Open Cast - II (Rs 160 crore) Nalanda University, Bihar (Rs 435 crore) Biswa Bangla University, Bolpur, WB (Rs 362 crore) Kachchh Branch Canal - Gujarat (Rs 402 crore)
Slide 31: Projects Snapshot: Major Projects Completed
Projects Snapshot: Major Projects Completed Metro Rail Project Bengaluru (Rs 461 crore) Space Vehicle Assembly Bldg, Sriharikota (Rs 281 crore) 245 MLD WTP – Rajasthan (Rs 290 crore) 339 MLD STP, Hyderabad (Rs 114 crore) 400/11KV Yellaipally Substation, Medak (Rs 256 crore) 11KV UG Cabling, Bengalur
Slide 32: Projects Snapshot: Metro, World's Longest Double Decker Viaduct
Projects Snapshot: Metro, World’s Longest Double Decker Viaduct Copyright © 2022 NCC Limited 31
Slide 33: Projects Snapshot: Major Projects under Execution
Projects Snapshot: Major Projects under Execution Design, supply, install & commission Advance 5,756 Cr Construction of Viaduct & Stations for Bangalore Metering Infrastructure (AMI) in Maharashtra Metro Rail, Bangalore 2,167 Cr Construction of One of the Largest Waste water International Trade Towe
Slide 34: Productivity Enhancing Initiatives (PEI)
Productivity Enhancing Initiatives (PEI) Jaipur – Bhiwani 765kV SC Transmission Line for Power Grid Corp of India Ltd Copyright © 2022 NCC Limited 33
Slide 35: PEI: Center of Excellence
PEI: Center of Excellence • In-house Center of Planning Excellence (CoE) plays a crucial role during total life cycle of projects from bidding to Center of Excellence Engineering completion. (CoE) • Strong & experienced team of more than 80 professionals from Health, Safety & diverse disciplines and
Slide 36: Center of Excellence: Planning & Engineering
Center of Excellence: Planning & Engineering Provide Engineering & Design Services support from Pre-bid Engineering to Detailed Engineering to all the Divisions. Provide Value Review Engineering for Architectural optimizing the Design Quantities in all EPC Designs provided by projects, improving Ext
Slide 37: Center of Excellence: Health, Safety & Environment
Center of Excellence: Health, Safety & Environment Implement highest standard of health and Performance safety and ensure monitoring and lowest reporting to environmental Board of impact. Directors. Proactively Health, identify and Safety & address all risks. Strive for Environment continuous (HSE)
Slide 38: PEI: Digitalization to deliver capabilities for growth
PEI: Digitalization to deliver capabilities to facilitate significant growth & sustainable performance • Integrated Planning • Elimination of non-value add • Analytics and insight (Engineering, Construction, processes development capability Procurement & Project • Process Automation Analytics & • Im
Slide 39: PEI: Digitalization Initiatives delivering foundational capabilities
PEI: Digitalization Initiatives delivering foundational capabilities Pursuit not to employ latest tools and tech but right tools and tech basis prioritized business use cases NextGen ERP integrated with Analytics capabilities Bid Analytics tool Planning Tool integrated with daily progress monitoring
Slide 40: PEI: Asset Management Department (AMD)
PEI: Asset Management Department (AMD) In-house department to maintain & repair equipment, as they are lifeline for the construction activities in a project. Operate Assets (P&E, Formwork, HEED & Piling) & also procure, customise, maintain, upgrade & dispose-off in cost effective manner. Asset Centr
Slide 41: PEI: AMD Digitization
PEI: AMD Digitization • Digitalization of AMD assets is to improve visibility, efficiency and utilization while curbing pilferage and misuse, using automation, reducing manual efforts • Digital Initiatives injecting new dimension to our project functions through infallible mechanisms Platform: MAXPR
Slide 42: PEI: Centralized Procurement
PEI: Centralized Procurement Annual Rate Contract (ARC) with 37 OEMs (Original Equipment Manufacturers) for low value & high-volume Cost analysis-based product categories. procurement i.e., negotiate with vendors for price Reverse auctions reduction when the prices of for the select range raw materi
Slide 43: Growth & Market Potential
Growth & Market Potential Flyover and ROB in Bhopal, Madhya Pradesh Copyright © 2022 NCC Limited 42
Slide 44: Our Growth Strategy
Our Growth Strategy Focus on Core EPC Entered into New Digitization of Created Centre of Succession planning & diversified business areas like Business processes. Excellence (CoE) for for continuance of portfolio of projects High-Speed Rail, ERP improvisation in-house Planning, values, strategy and
Slide 45: Large & Growing Market: National Infrastructure Pipeline
Large & Growing Market: National Infrastructure Pipeline Planned Investment of Rs 142 lakh crore NIP Funding Pattern ($ 1.8 Trillion) in 2020-25 14% 3% 21% 1% 3% Private 9% 21% Center 22% 39% 6% 6% State 12% 40% 1% 1% 1% Energy Roads Railways Airports Ports Urban Infra Digital Infra Water & Sanitati
Slide 46: Value Proposition
Successfully executed > 1000 projects Conservative bidding strategy for long term value creation Value Proposition High networth to qualify for large/ strategic projects Strong financial fundamentals Diversified order book of more than Rs ……k cr Consistent dividend payments Digitisation for sustaini
Slide 47: Futuristic Trends & Possible Disruptions in the Construction Industry
Futuristic Trends & Possible Disruptions in the Construction Industry Green and Prefabricated construction Sustainable • Construction is expected Construction to shift from sites to the • Environmentally automatic factories. friendly, green & energy efficient construction is need of the hour. Mechan
Slide 48: Thank you
Thank you www.ncclimited.com