Vascon Engineers Limited · NSE:VASCONEQ
Vascon Engineers — Q3 FY2022 Earnings Presentation
22 slides from Vascon Engineers's earnings presentation, February 2022
Slide 1: Investor Presentation | February 2022
“Persistent to create better tomorrow” Investor Presentation | February 2022
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vascon Engineers 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 sec
Slide 3: Key Business Highlights Q3 FY22
1,976 Crs. 1,904 Crs Total Order Book External EPC Order Book Forming healthy Order Book of Higher contribution by Government projects 6.6x FY21 EPC revenues Q3 FY22: ~76% 16,079 Sqft Govt. Project (%) Real Estate KEY BUSINESS HIGHLIGHTS Providing visibility of faster execution New Sales Booking in
Slide 4: Key Developments
Key Developments Upgradation of credit rating • Long Term Bank Facilities: Ratings Upgraded to ACUITE BBB from ACUITE BBB- • Long Term Non Convertible Debentures: Ratings Upgraded to ACUITE BBB from ACUITE BBB- • Short Term Bank Facilities: Ratings Upgraded to ACUITE A3+ from ACUITE A3 Bagged order
Slide 5: Execution Momentum pacing up…
Execution Momentum pacing up… REVENUE FROM OPERATIONS (RS CRS) In Q3FY22, strong execution sequentially 166 135 119 All projects are operating at an optimum 105 level, which enabled faster project execution and resulted in better revenue generation 78 Execution to gather momentum in coming quarters
Slide 6: Debt Repayment of Rs. 38 crores since Mar-21
Debt Repayment of Rs. 38 crores since Mar-21 Particular (Rs in Crs) Dec-21 Sep-21 Mar-21 Mar-20 Vascon Engineers SBI / UBI / CSB 68.72 75.35 58.76 66.48 Kotak RE Fund 23.35 54.89 70.69 103.83 JM Finance 24.22 24.19 24.74 17.62 ICICI HFC 7.72 8 8.54 9.51 Zero Coupon-NCD - - 13.64 13.64 Others 24.01 2
Slide 7: Charting towards higher Growth Trajectory
Charting towards higher Growth Trajectory Robust Order Book Improved Capacity Higher Cashflow Strengthening the Utilization Generation Balance Sheet The Order Book has Execution of Current Leading to improved Repayment of debt by grown 2x from FY19, Order Book to enhance Profitability thereby, incre
Slide 8: P&L Highlights- Q3 & 9M FY22
P&L Highlights- Q3 & 9M FY22 Standalone Consolidated Particulars (Rs. Crs) Q3 FY22 Q3 FY21 9M FY22 9M FY21 Q3 FY22 Q3 FY21 9M FY22 9M FY21 Revenue 121.61 101.74 314.49 223.44 169.99 154.49 440.28 316.2 Other Income 44.41 2.92 48.79 9.77 42.75 3.14 47.86 10.21 Total Income 166.02 104.66 363.28 233.21
Slide 9: 9MFY22- Segmental Profit & Loss - after allocation
9MFY22- Segmental Profit & Loss - after allocation Inventorised / Particulars (Rs. Cr) RE# EPC## GMP Total Unallocable Revenue 50.55 307.58 125.87 484.00 Cost of Sales 40.68 256.19 83.88 3.87 384.62 Gross Profit 9.87 51.39 41.99 99.38 Gross Profit Margin % 20% 17% 33% 21% Other Income 1.09 3.20 1.96
Slide 10: Business Overview
BUSINESS OVERVIEW 10
Slide 11: Vascon – At a Glace
Vascon – At a Glace ENGINEERING PROCUREMENT & CONSTRUCTION REAL ESTATE DEVELOPMENT One of the leading EPC Company in India Focus on Mid-Range Housing Project of the leading EPC Company in India 50 Mn 200+ 30+ 30+ SQ. FT. OF PROJECTS PROJECTS YEARS OF PRESENCE DELIVERED DELIVERED EXPERIENCE ACROSS IN
Slide 12: EPC Business- Overview
EPC Business- Overview Construction Experience across various verticals Executed over 200 projects with construction area of over 50 msft Ability to execute around 8 msft per annum Currently executing around 3 msft p.a. – operating at 40% utilization Number of Personnel in Project / Engine
Slide 13: Marquee Clients
Marquee Clients MAINTAINING CONSISTENT QUALITY STANDARDS ENSURING REPEAT ORDERS 13 13
Slide 14: Order Book Build-Up & Key Orders
Order Book Build-Up & Key Orders Project Location Amt (Rs. Cr) (In Rs. Cr) External Order book 90 Maharashtra State Police Housing Mumbai 325 107 72 PWD, Raipur Raipur 248 Hospital - Kaushambi Kasuhambi, UP 231 Hospital - Bijnor Bijnor, UP 208 Vedanta - Barmer Barmer, Raj 168 MMRC Mumbai Metro Mumba
Slide 15: Real Estate Development
REAL ESTATE DEVELOPMENT
Slide 16: Real Estate Business
Real Estate Business BRAND EQUITY Landmark developments (Windermere, Forest County and Willows) have established the Brand Vascon in Pune Market END-TO-END CAPABILITIES In-house Design and Construction team gives us a unique advantage over other Real Estate Developers LOW OPERATING COST Flat organiz
Slide 17: Successfully launched Real estate projects
Successfully launched Real estate projects REAL ESTATE SALES (RS CR) Vascon Dev. Area Projects Launch Status Share (msft) 116 120 Forest Edge (JV) A 50% 0.08 18-Jan Fully Sold Forest Edge (JV) B 50% 0.08 19-Sep 95% sold Windermere (JV)# 45% 0.38 18-Mar 74% sold Vascon Goodlife – Value Home (Own) 100
Slide 18: Current Real Estate Projects Under Development
Current Real Estate Projects Under Development Total Vascon Share Project Name Location Vascon Share Project Area Rev. Sale Value Collection Sale Value Collection Area Sold Recognized Type Share msft msft Rs. Cr Rs. Cr Rs. Cr Rs. Cr Rs. Cr Forest Edge (A&B) Pune JV 50% 0.16 0.15 109 76 55 38 26 Fore
Slide 19: Real Estate Projects – Pipeline (launches in Near-term)
Real Estate Projects – Pipeline (launches in Near-term) Sr. No. Projects Type Segment Total Vascon Share Saleable Expected Saleable Expected Area Sales Value Area Sales Value msft (Rs. in Cr) msft (Rs. in Cr) 1 Coimbatore JDA Residential 0.3 195 0.21 136 2 Madurai JDA Residential 0.49 220 0.37 165 3
Slide 20: Real Estate Projects – Pipeline (other projects)
Real Estate Projects – Pipeline (other projects) Sr. No. Projects Type Segment Total Expected Saleable Area Sales Value msft (Rs. in Cr) 1 Willows – Residential JV Residential 0.33 250 2 Kalyani Nagar - Comm JDA Commercial 0.3 330 3 Kalyani Nagar JDA Residential 0.5 550 Total 1.13 1,130 20 20
Slide 21: Focus on Liquidity Management
Focus on Liquidity Management • RAISED RS 70 CR THROUGH PREFERENTIAL ISSUE • SOLD STAKE HELD IN HOTELS AT GOA FOR CONSIDERATION OF RS. 45.50 CRS REMAINING NON-CORE ASSETS IDENTIFIED FOR SALE • COMMERCIAL PROPERTY AT KALEDONIA, ANDHERI (E) • 9 ACRE LAND PARCEL IN AURANGABAD • GMP TECHNICAL SOLUTIONS
Slide 22: Towards Newer, Bigger Milestones
TOWARDS NEWER, BIGGER MILESTONES LET’S CONNECT Mr. Punit Bhayani Mr. Gaurang Vasani/ Ms. Pooja Sharma punit@vascon.com vgaurang@stellar-ir.com Pooja.sharma@stellar-ir.com Vascon Weikfield Chambers, Pune - 411014 Kanakia Wall Street, Andheri (East), Mumbai 400 093 Visit: www.vascon.com