Power Mech Projects Ltd. · NSE:POWERMECH
Power Mech Projects — Q4 FY2019 Earnings Presentation
36 slides from Power Mech Projects's earnings presentation, May 25, 2019
Slide 1: Investor Presentation Q4 & 12M FY19
Investor Presentation Q4 & 12M FY19 POWER MECH PROJECTS LTD Growth Unlimited 25th May 2019
Slide 2: Disclaimer
Disclaimer Safe Harbor Statement The information contained herein has been prepared to assist prospective investors in making their own evaluation of Power Mech Projects Limited (hereinafter ‘the company’) and does not purport to be all-inclusive or to contain all of the information a prospective
Slide 3: Power Mech – At a Glance
Power Mech – At a Glance A leading Industrial Services and Construction Company providing versatile and comprehensive service in power and infrastructure sector Presently Operates Pan- Largest O&M service FY 19 Established in 1999 by Total Income: Rs 22,754 Mn Mr. S. Kishore Babu, a India, Middle Ea
Slide 4: Journey of the Company, Major milestones and achievements
Journey of the Company, Major milestones and achievements → Listing in BSE & NSE, overwhelming response → First ETC of 1 X 63 Tph and 2 X 165 → Private Equity into Power Mech subscribed by 38 times Tph AFBC Boilers, 20.85 MW & 55 → First major international work in Libya, 2X157 MW Erection → Major O
Slide 5: Established Track Record
Established Track Record Integrated power infrastructure services Track record of ~20 years Established a track record of successfully 26,00,000 MT of aggregate tonnage of the erection works executed executing ETC-BTG and BOP contracts for large power projects 64,000 MW, engaged on ETC-BTG and BOP
Slide 6: Our Service presence across key areas
Our Service presence across key areas Industrial Industrial Construction Construction Industrial Services (O&M) International Operations Infrastructure Construction (Civil) Power Projects (Ultra Mega, Super Overhauling and Maintenance of Erection, Testing & Commissioni Power Plants, Railway, Ind
Slide 7: Our Service presence across key areas (cont..)
Our Service presence across key areas (cont..) Industrial Construction Electricals Hydro Power & Water Manufacturing Extra High Voltage Substation Supply & construction of Hydro Fabrication of Heavy Works power plants Structures, Large & High Construction of 33/11 Kv Renovation & moderniza
Slide 8: Company Strengths
Company Strengths Large talent with Highly Experienced Management Comprehensive service provider in Power Team with strong industry background Sector Largest service provider in O&M space Strong execution capabilities across verticals Well diversified business profile with stable Marquee clientele:
Slide 9: Qualified Board
Qualified Board Sajja Kishore Babu, CMD Sajja Lakshmi, Non Executive Director Founder of the company holds bachelor’s degree in She is a science graduate and holds place in HR Mechanical Engineering. He has 35 years of experience management of the company & also member of CSR in power and infra sect
Slide 10: Professional and Experienced Management Team
Professional and Experienced Management Team S K Kodandaramaiah, Director – Business Development M. Rajendran, COO Post graduate in mechanical engineering. More than 4 decades of experience in power and Degree in Civil Engineering. He has more than 38 years of experience in construction & industry s
Slide 11: Shareholding Pattern Top Shareholders
Shareholding Pattern Top Shareholders S No Name Shares Category Percentage 1 HDFC Small Cap Fund 894,852 MUT 6.08% 2 Vantage Equity Fund 6,95,000 AIF 4.72% 2.65% 3.33% 0.69% 3 IDFC Multi Cap Fund 4,02,039 MUT 2.73% Promoters 7.21% 7.21% 4 Banyantree Growth Capital II L.L.C 3,56,051 FPI 2.42% Residen
Slide 12: Established Relationships with Clients – Domestic Projects
Established Relationships with Clients – Domestic Projects 12
Slide 13: Established Relationships with Clients – International Projects
Established Relationships with Clients – International Projects 13
Slide 14: Infra for Project Management
Infra for Project Management Large construction equipment base Primavera SAP & Site level Support functions MS Project- Productivity Application SBU Heads 9,100 HR Base For Project Engineers, Supervisors, Responsibility Technicians, HSE, FQA Other Staff Capability Centers Construction, Quality, Safe
Slide 15: Business Strategy
Business Strategy Expanding the services footprint & leveraging technical expertise to target higher margin contracts Offer comprehensive O&M solutions Working on advanced project execution methodologies & improve cash flow Fully established manufacturing setup available at Noida for non critical
Slide 16: Expanding Services Footprint
Expanding Services Footprint 48 GW Capacity addition up to 2022 Presently 15 GW opportunities in BTG & ETC value of Rs 15 Billion Domestic Green & Brown field expansion, 5,000 MW of EPC tenders in pipe line Power, FGD, SC Estimated that Rs 200 Billion to Rs 300 Billion worth of investments a
Slide 17: Expanding Services Footprint (cont…)
Expanding Services Footprint (cont…) Substantial growth is expected, installed base of 252 M MT enhance to 320M MT by 2030-31 by way of brown field & green filed refineries, augmenting the capacities Annul investments in the range of Rs 600 Billion to Rs 800 Billion Oil & Gas The construction
Slide 18: Expanding of O&M service into other sectors & new horizons
Expanding of O&M service into other sectors & new horizons Solar Thermal Hydro Domestic O&M (AMC, R&M, GAS Steel Trouble (Power) shooting etc) Fully developed Captive Exports Power (Thermal) Partially developed Refinery & Petro Chemicals To be developed 18
Slide 19: Expanding Horizons… Broadening Capabilities
Expanding ExpandingHorizons…… Horizons…… …..Broadening …..BroadeningCapabilities Capabilities 19
Slide 20: Consolidated Operational Performance Highlights: YoY Q4 & 12M FY19
Consolidated Operational Performance Highlights: YoY Q4 & 12M FY 19 Q4 FY19 YoY Total Income EBITDA PAT + 35% + 37% + 34% 12M FY19 YoY Total Income EBITDA PAT + 46% + 46% + 53% Orders received ROE EPS 12M FY 19: Rs 82.7 + 156% +399 bps 12MFY 18: Rs 54.0 20
Slide 21: Q4 FY19 – YoY Consolidated Financial Performance
Q4 FY19 – YoY Consolidated Financial Performance INR in million Total Income EBIDTA PAT 1,000 881 400 350 8,000 6,596 800 642 300 261 6,000 4,897 600 13.4% 200 5.3% 4,000 400 2,000 100 5.3% 200 13.1% - - - Q4FY18 Q4FY19 Q4FY18 Q4FY19 Q4FY18 Q4FY19 Q4 Revenue Erection O&M Electrical Works Civil & Oth
Slide 22: 12M FY19 – YoY Consolidated Financial Performance
12M FY19 – YoY Consolidated Financial Performance INR in million Total Income EBIDTA PAT 25,000 22,754 3,500 3,049 1,400 1,216 3,000 20,000 1,200 15,546 2,500 2,090 15,000 1,000 795 2,000 13.4% 800 5.3% 10,000 1,500 600 1,000 13.4% 400 5,000 5.1% 500 200 - - - 12M FY18 12M FY19 12M FY18 12M FY19 12M
Slide 23: FY19 Financial Performance (consolidated)
FY19 Financial Performance (consolidated) INR in million Contract Revenue Revenue mix with high-margin O&M services segment 13,650 13,778 13,344 15,439 22,566 2% EBITDA Margins continue to remain healthy…. Profit After Tax inching higher 23
Slide 24: FY19 Financial Performance (consolidated)
FY19 Financial Performance (consolidated) INR in million Healthy net debt equity ratio provides significant headroom for growth High Asset Turnover … testament to higher efficiency 24
Slide 25: Robust Order Book: Stronger Revenue visibility for next 3 years
Robust Order Book: Stronger Revenue visibility for next 3 years INR in million 80,000 74,075 15% 70,000 49 % 60,000 85% 53,960 50,000 42,677 37,050 Contract Revenue 40,000 34,063 35,238 Order Inflow 30,000 21,064 22,566 Order Back Log 19,420 17,950 20,000 13,650 15,375 13,344 15,439 34% 13,778 10,00
Slide 26: Robust Order Book: Stronger Revenue visibility for next 3 years (cont..)
Robust Order Book: Stronger Revenue visibility for next 3 years (cont..) INR in million Order Inflow during FY 19 (up to 31st March 2019) Order backlog as on 31st March 2019 Rs. 74,075 Mn Rs. 53,960 Mn 18% 30% 9,813 22,216 63% Erection Erection 51% 13% O&M O&M 6,852 37,571 Electrical Works Electrica
Slide 27: Key Orders won during FY18 & FY19
Key Orders won during FY18 & FY19 Domestic / Key projects received Location Segment Rs Mn International during FY 18/ FY19 Erection, testing, commissioning of boiler and its auxiliaries, BHEL Bangladesh ETC 1,080 Structural & Architectural works (except Pile, Pile Cap and Pedestal of Steel Civil & O
Slide 28: Key Orders won during FY18 & FY19
Key Orders won during FY18 & FY19 Domestic / Key projects received Location Segment Rs Mn International during FY 18/ FY19 Operation and Maintenance contract for 2*800 MW Coal based Yeramarus Karnataka O&M 1,090 Thermal Power Station , Raichur Power Corporation Ltd Design, Fabrication, Supply, Erect
Slide 29: Financial Snapshot | Consolidated Income Statement & Balance Sheet
Financial Snapshot | Consolidated Income Statement & Balance Sheet INR in million Income Statement (Consolidated) Balance Sheet (Consolidated) Particulars FY15 FY16* FY17* FY18* H1 FY19* FY19* Particulars FY15 FY16 * FY17* FY18* H1 FY19* FY19* Revenue from operations 13,662 13,782 13,382 15,478 9,96
Slide 30: Our Projects
POWER MECH Growth Unlimited Our Projects 30
Slide 31: Industrial Construction: Domestic Projects (Erection, Testing & Commissioning)
INDUSTRIAL CONSTRUCTION: DOMESTIC PROJECTS (ERECTION, TESTING & COMMISSIONING) 1X660 MW TPP, BTG, HARDUAGANJ, DOOSAN 3X660 MW ,BOILER, ESP,CP, STRUCTURE & STG, 2X500 MW STPP,BOILER, ESP STG, BOILER, ESP, TG AUXILIARIES, UMPP BOILER, ESP, STRUCTURE, TG NABINAGAR, BHEL VINDHYACHAL, BHEL (COMPLETED) 80
Slide 32: Infrastructure Construction: Civil, Architectural & Railway Works
INFRASTRUCTURE CONSTRUCTION : CIVIL, ARCHITECTURAL & RAILWAY WORKS 1X800 MW TPSS, CIVIL, STRUCTURAL AND 1X800 MW TPSS, CIVIL, STRUCTURAL AND GDV-MTM 37 ,DOUBLING & 1X500MW, FGUTTP, CIVIL, STRUCTURAL 2X800 MW, YTPS, CIVIL, STRUCTURAL ARCHITECTURAL WORK UNIT- ARCHITECTURAL WORK STAGE-3, NORTH ELECTRIF
Slide 33: International Operations
INTERNATIONAL OPERATIONS 250 MW SABIYA CCPP, KUWAIT 2X157 MW GT POWER PLANT, LIBYA 6X200 MW HEP, BHUTAN 1800 MW ALBA CCPP, BAHRAIN 360MW BHERAMARA INSTALLATION OF HRSG (COMPLETED) INSTALLATION OF HYDRO ETC OF GTG,STG,HRSG & BOP CCPP, BANGLADESH INSTALLATION TURBINE & GENERATOR OF GTG, STG & HRSG 151
Slide 34: Operation and Maintenance
OPERATION AND MAINTANENCE SIEMENS -138MW GAS TURBINE TG OVERHAUING 600MW JHARSUGUDA BEARING DIASSEMBLY AT NTPC-SIMHADRI CONTROL & STOP VALVES OVERHAULING PAGUTHAN VEDANTA SIPAT 660MW CAPITAL OVERHAULING OF TURBINE HP HEATER REPLACEMENT 800MW ,CGPL CUPLOCK SCAFFOLDING ERECTION MSH LINE MODIFICATION,
Slide 35: Manufacturing Facility & Hydro Power Services
MANUFACTURING FACILITY & HYDRO POWER SERVICES MANUFACTURING UNIT (NOIDA) CNC SECTION (NOIDA) SR FURNACE (NOIDA) CNC OXY FUEL CUTTING (NOIDA) HEAVY DUTY CENTRE LATHES( NOIDA) VTL(MANUAL+CNC (NOIDA) PLANO MILLER, CND (NOIDA) 3 ROLL PLATE BENDING MACHINE (NOIDA) HYDRO GENERATOR UNDER ASSEMBLY FOR FRANC
Slide 36: Thank You
Thank You For investor queries, please contact: Mr. Rohit Tibrewal, Company Secretary Ph: +91-040-30444418 Mobile No: +91 9160325151 Email: cs@powermech.net 36
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