G R Infraprojects Ltd. · NSE:GRINFRA
G R Infraprojects — Q4 FY2024 Earnings Presentation
36 slides from G R Infraprojects's earnings presentation, May 29, 2024
Slide 1: Cover letter to stock exchanges
29th May 2024 To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C‐1 Dalal Street, Fort G Block, Bandra‐Kurla Complex, Bandra(E) Mumbai – 400001 Mumbai ‐400051 Scrip Code: 543317 Symbol: GRINFRA Sub: Investor Presentation on the financial resu
Slide 2: G R Infraprojects Limited Company Presentation Q4 FY2023-24
G R Infraprojects Limited Getting People Places, Faster Company Presentation Quarter 4 – Financial Year 2023-24 KAKA
Slide 3: Context
Context Disclaimer 1 Page 3 2 Quarterly Highlights Page 5 3 What we do and key milestones Page 16 4 Overview – Historical data (Financial & Operational) Page 24 5 Awards Page 31 2
Slide 4: Disclaimer
Disclaimer This presentation is issued by G R Infraprojects Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any particular person. This presentation does not constitute or form part of any offer or i
Slide 5: Disclaimer
Disclaimer The information contained in these materials has not been independently verified. None of the Company, its subsidiaries, its joint ventures, its directors or affiliates or associates, as applicable, nor any of its or their respective employees, advisers or representatives or any other per
Slide 6: Quarterly Highlights
Quarterly Highlights 5
Slide 7: Q4-FY24 QoQ and YoY Highlights
Q4-FY24 Total Income (Rs in Mn) EBITDA Margin (%) & EBITDA (Rs in Mn) PAT Margin (%) & PAT (Rs in Mn) 12.62% 17.69% 8.60% 12.23% QoQ Highlights 23.93% 75.00% 3,990 2,758 23,103 77.47% 18,642 2,280 1,554 Q3 2024 Q4 2024 Q3 2024 Q4 2024 Q3 2024 Q4 2024 Total Income (Rs in Mn) EBITDA Margin (%) & EBITD
Slide 8: Net Working Capital Days and Debt to Equity Ratio
Q4-FY24 Net Working Capital Days Debt to Equity Ratio & Net Debt to Equity Ratio (including Mob. Advances) 1.20 1.06 1.03 December 2023: 97 Days March 2024: 112 Days 0.99 0.96 0.96 1.00 0.95 0.94 78 0.92 0.80 0.89 0.83 0.81 0.82 0.80 0.83 60 0.60 0.53 0.40 0.28 0.26 0.43 0.24 0.23 0.21 0.21 41 41 0.
Slide 9: Standalone Profit and Loss Statement
Standalone Profit and Loss Statement (Rs in Millions) A B C C D Particulars Q4 Q3 Q4 YE Mar 24 YE Mar 23 FY 23-24 FY 23-24 FY 22-23 Income Revenue from operations 22,553.52 18,064.16 19,949.20 77,879.64 81,475.88 Other income 549.96 577.79 549.17 2,252.89 1,809.01 Total income 23,103.48 18,641.95 20
Slide 10: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement (Rs in Millions) A B C C D Particulars Q4 Q3 Q4 YE Mar 24 YE Mar 23 FY 23-24 FY 23-24 FY 22-23 Income Revenue from operations 24,851.18 21,340.19 24,611.23 89,801.50 94,815.15 Other income 304.42 246.09 308.34 1,027.56 872.95 Total income 25,155.60 21,586.28 24
Slide 11: Consolidated Debt
Debt Breakup (Fund Based) as on March 31, 2024 Particulars Rs. In Million STANDALONE DEBT Debentures 5,969.63 20% Standalone Debt Term Loan 916.57 DEBENTURES Working Capital 503.12 5% TERM LOAN Mobilization Advance 1,796.55 WORKING CAPITAL Total Debt 9,185.88 10% 65% MOBILISATION ADVANCE #Cash and B
Slide 12: Robust Order Book
Robust Order Book Order book as on 31st March 2024 is Rs 1,67,806 Mn * Project Mix Client Wise Distribution State Wise Distribution 2% 2% 5% Andhra Pradesh 5% 3% 4% Arunachal Pradesh 0% 0% 8% Bihar 2% 5% 9% 9% Chattisgarh 2% 3% 8% 9% Gujarat 16% MMLP NHAI 3% Karnataka Road Madhya Pradesh Transmissio
Slide 13: Projects Portfolio
Projects Portfolio 12
Slide 14: Portfolio of Road / Transmission Projects (Operational)
Portfolio of Road / Transmission Projects (Operational) Reengus-Sikar (BoT) Nagaur-Mukundgarh (HAM) Aligarh-Kanpur (HAM) During the year, Company has transferred 7 operational HAM assets to Bharat Highways InvIT Subsequent to March 31, 2024, PCOD/ COD has been received for below two projects • Trans
Slide 15: Portfolio of Road / Transmission Projects (Under Construction)
Portfolio of Road / Transmission Projects (Under Construction) Ena-Kim (HAM) Bamni to MH/TG Border (HAM) Shirsad-Masvan (HAM) Transmission system in Rajgarh II Bilaspur-Urga (HAM) Ujjain-Badnawar (HAM) Warangal-Khammam (pkg-II) (HAM) Madanapalli-Pileru (HAM) Bahadurganj-Araria (HAM) Anjar Bhuj (HAM)
Slide 16: Projects awaiting appointed dates
Projects awaiting appointed dates Indore MMLP Project (DBFOT) Belgaum Raichur Package 6 (HAM) Varanasi‐Ranchi‐Kolkata Highway (HAM) Yamuna Bridge Highway (HAM) Hasapur – Badadal Highway (HAM) Kasganj Bypass (HAM) Devinagar Kasganj Bypass (HAM) Tarakote Sanjhichhat (BOOT) Belgaum Raichur Package 5 (H
Slide 17: What we do & Key Milestones
What we do & Key Milestones 16
Slide 18: GRIL – Our Business
GRIL – Our Business TRANSMISSION EMULSION/ PMB HIGHWAYS RAILWAYS & METRO ROAD SIGNAGES AND MARKING PAINT METAL CRASH BARRIER BRIDGES ROPEWAYS TUNNEL WORK 17
Slide 19: Key Milestones
Key Milestones • Achieved PCOD for first NHAI HAM 2023- project, Phagwara – Rupnagar 2024 • Company has transferred 7 operational HAM assets to Bharat Highways InvIT. • Successful listing of the Company on 2021- BSE and NSE on July 19, 2021 2022 • Entry into Transmission Segment 2016- 2019 • First H
Slide 20: Overview – GRIL Snapshot
Overview – GRIL Snapshot An Integrated EPC Company, with proven track record of timely project execution over last 28 years. Presence in 23 States 4 Manufacturing Units 8000+ plant & equipment ~14,000 employees CARE Rating: AA+ (Stable) CRISIL Rating: AA (Stable) 19
Slide 21: Our Clients
Our Clients GRIV were oe MoRTH Ministry of Road Transport and Highways East Coast Railway det Rare fre Peres Rail Vikas Nigam Limited yarn, Te vs Repeat C (A Government of India Enterprise) MSRDC PWD pel? §=— Public Works Department ‘weata FAI Government of Rajasthan Opeida UP Expressway Industrial
Slide 22: Expand the Portfolio: Committed to growth, with purpose
Committed to growth, with purpose FOCUSED MARKET Construction STRATEGIES Environment We understand the nations need, We show our care for the design it through perfection and environment through CSR EXPAND THE PORTFOLIO build it to dreams initiatives FOCUSED EPC PLAYER GROWING TOGETHER WITH OUR NATI
Slide 23: Strong Board with diverse experience
Strong Board with diverse experience Vinod Kumar Agarwal : Chairman and Wholetime Director He has over 27 years of experience in the road construction industry. He has been a Director on our Board since incorporation of our Company and has been instrumental in the growth of our Company. He looks aft
Slide 24: Strong Board with diverse experience
Strong Board with diverse experience Rajendra Kumar Jain : Non- Executive Independent Director He holds a bachelor’s degree in commerce from Rajasthan University and a master’s degree in commerce (specialising in business administration) from Maharshi Dayanand Saraswati University, Ajmer. He is also
Slide 25: Historical Data (Financial & Operational)
Historical Data (Financial & Operational) 24
Slide 26: Historical Financial Data
Historical Financial Data Revenue From Operations (Rs in Mn) EBITDA* (%) / EBIDTA (Rs in Mn) 21.81% 81,476 79,192 77,880 19.50% 17.94% 72,445 17.56% 60,278 16.98% 14,940 14,379 14,135 13,350 13,607 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Revenue From Operation
Slide 27: Historical Financial Data
Historical Financial Data PAT (Rs in Mn) / PAT Margin (%) Net Cash Flow (Used In)/ from operating Activities (Rs in Mn) 8,312 8,475 11.43% 10.78% 7,644 9.61% 10.45% 8,518 9.70% 5,606 7,806 7,608 7,556 6,888 4,199 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 PAT Net
Slide 28: Historical Financial Data
Historical Financial Data Fixed Assets Turnover Ratio Net Debt/ Equity & Net Debt /EBITDA 6.27 0.82 6.35 5.73 5.67 5.74 0.72 0.70 0.54 0.42 0.33 0.23 0.20 0.21 0.10 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Net Debt/Equity Net Debt/EBITDA Fixed Assets Turnover R
Slide 29: Historical Operational Data
Historical Operational Data Employee Count Order Book* (Rs.in Mn) 1,95,294 17,721 16,333 16,157 1,70,526 1,67,806 14432 1,48,799 12,956 1,31,039 FY20 FY21 FY22 FY 2023 FY 2024 FY20 FY21 FY22 FY 23 FY 24 Employee Count Order Book * The Company has emerged as the lowest bidder for two road projects wo
Slide 30: Strong focus on Quality Execution
Strong focus on Quality Execution Design and engineering (Centralized): Continuous improvements are made on the designs in coordination with the Project Management Team (PMT) Manufacturing (In-house across the country): Supply is synchronized with site progress and product specifications are finaliz
Slide 31: Capabilities
CAPABILITIES HUMAN CAPITAL FINANCIAL DISCIPLINE Strict oversight on costs by creating an 15,000 highly skilled, experienced, ownership mind-set and good governance and committed employees BACKWARD INTEGRATION DIGITAL PROJECT MANAGEMENT Manufacturing of key components, and Streamlined process of plan
Slide 32: Leveraging operating efficiencies from vertical integration
Leveraging operating efficiencies from vertical integration THREE KEY STEPS IN VALUE CHAIN PMB, Emulsion facility & Enables efficient Road Signages, Udaipur. In-House Design & Capacity: 30,000MT designs & quick Engineering Team Emulsion Facility, Sandila changes Capacity:24,960 MT Integrated Owned c
Slide 33: Awards and Accolades
Awards and Accolades 32
Slide 34: Awards & Accolades
AWARDS & ACCOLADES Emerging Certificate Fastest Best Companies of Growing Construction Professionally Excellence Award Appreciation Company Managed Company Ministry of Road Construction World Business Today in Transport Construction Industry Awards association with & Highways Development Council Yes
Slide 35: Awards & Accolades
AWARDS & ACCOLADES Best Places to Work Top Challenger in Top 10 Infra Leader of the in Construction Indian Construction Bitumen Year Industry Industry Manufacturers Ambition Box Economic Times Construction World Industry Outlook Festival Outstanding Timely Project Contribution in Best Performing Com
Slide 36: Getting People Places, Faster – Thank You
G R Infraprojects Limited Company Presentation Getting People Places, Faster Thank You Anand Rathi, CFO G R Infraprojects Limited Second Floor, Novus Tower, Plot No.18, Sector-18, Gurugram, Haryana-122015, +91 124 643 5000