Slide 1: Exchange filing cover letter for investor presentation
KNR Constructions Limited. Date: 08th February 2024 Ref: KNRCL/SD/2024/673&674 To, To, The Manager The Manager, BSE Limited, National Stock Exchange of India Limited, P J Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Fort, Mumbai – 400001 Bandra (E), Mumbai – 400051. Scrip code: 532942
Slide 2: KNR Constructions Limited Investor Presentation February 2024
KNR Constructions Limited Investor Presentation February 2024
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by KNR Constructions 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 secu
Slide 4: Key Highlights & Result Update
Key Highlights & Result Update 3
Slide 5: Standalone Financial Highlights
Standalone Financial Highlights Rs. Million Revenue EBITDA EBITDA Margins PAT* +9% -248 bps -6% -47% 9,054 1,560 1,474 18.8% 1,618 8,302 16.3% Quarter 3 855 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Revenue EBITDA EBITDA Margins PAT* +8% -4% -227 bps -20% 9 Months 27,765 5,098
Slide 6: Standalone Financial Results
Standalone Financial Results Standalone Rs. Million Q3 FY24 Q3 FY23 YoY Q2 FY24 QoQ 9MFY24 9MFY23 YoY Total Revenue 9,054.3 8,302.1 9% 9,414.7 -4% 27,764.8 25,682.1 8% Operating Expenses 6,334.5 5,652.3 6,307.7 19,196.0 17,620.2 Employees Expenses 494.0 444.6 416.4 1,303.1 1,299.7 Other Expenditure
Slide 7: Consolidated Financial Results
Consolidated Financial Results Consolidated Rs. Million Q3 FY24 Q3 FY23 YoY Q2 FY24 QoQ 9MFY24 9MFY23 YoY Total Revenue 9,960.1 8,749.3 14% 10,384.5 -4% 30,154.8 28,170.3 7% Operating Expenses 6,444.0 5,676.5 6,585.2 19,603.4 17,835.7 Employees Expenses 495.6 448.9 418.0 1,307.8 1,330.1 Other Expend
Slide 8: Standalone Net Working Capital Days
Standalone Net Working Capital Days 82 79 67 62 69 63 65 61 52 48 53 53 55 57 52 52 40 49 43 41 36 45 45 45 28 28 26 23 25 25 25 23 18 20 19 20 20 20 16 16 15 15 15 17 16 13 14 14 7 98 10 66 45 64 51 74 53 39 12 45 40 78 117 95 96 86 85 78 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-
Slide 9: Key Highlights & Result Update: Business Update
Key Highlights & Result Update Business Update 8
Slide 10: Business Overview
Business Overview ❑ One of the leading companies providing Engineering, Procurement and Construction (EPC) services • Major Projects in Roads & Highways – one of the fast-growing sectors • Established presence in Irrigation and Urban Water Infrastructure Management Vision ❑ 25+ years of experience o
Slide 11: Transformation
Transformation Bagged 1st BOT Project in Bagged an EPC Project worth Rs. Incorporated & Karnataka worth Rs. 4,420 mn; Bagged 2nd BOT project IPO & Listed on BSE 9,371 mn for Madurai – 1995 Commenced EPC 2006 Entry into Urban water 2007 worth Rs.5,920mn in 2008 and NSE 2013 Ramanathapuram Section of
Slide 12: Top Management
Top Management Mr. K. Narasimha Reddy – Mr. K. Jalandhar Reddy – Founder Promoter & Managing Director Promoter & Executive Director ▪ Over 50 years of experience in the Highway sector ▪ Over 25 years of experience in the Highway and ▪ Started career in 1968 and engaged in the business of infrastruct
Slide 13: Supported by Professional Team
Supported by Professional Team ▪ A Bachelor of Engineering (BE) from MITS Gwalior (MP) with Over 40 years of total experience with ~20 years of Mr. T.L. Verma experience in Highway sector (Sr. Vice President - Projects) ▪ Working with the company since 2006 on various projects i.e. Bridges and Highw
Slide 14: Key Business Strength
Key Business Strength 13
Slide 15: 1. Project Execution Capabilities
1. Project Execution Capabilities ❑ Top management’s active involvement at all stages of Project execution • Selection of Major Raw Material • Selection of construction Camp location ❑ Faster Decision making to ensure project completion on schedule ❑ Received Bonus for completion of construction ahe
Slide 16: Pan India Project Execution Capability
Pan India Project Execution Capability* Sr. No. State No. of Projects Project Value (Rs. Mn) 1 Tamil Nadu 12 44,998 2 AP & Telangana 30 43,534 Arunachal Haryana Pradesh 3 Karnataka 15 33,176 Assam 4 Kerala 2 17,068 Uttar Pradesh 5 Madhya Pradesh 4 6,619 Gujarat 6 Uttar Pradesh 10 4,549 Madhya Prades
Slide 17: Project Execution Highlights
Project Execution Highlights Grade Separator ❑ Constructed Grade Separator in Coimbatore city with a cumulative length of flyover, 2.853 km • Length of 1st level flyover is 1.752 km • Length of 2nd level flyover is 1.101 km as a part of multipronged approach to ease traffic congestion in main city r
Slide 18: 2. In-house Construction Equipment
2. In-house Construction Equipment Sr. No. Machinery Quantity Sr. No. Machinery Quantity 1 Tippers & Tankers 1,287 15 Tractors 47 2 Excavators 402 16 Transformers 34 3 Generators 289 17 Crushers 32 4 Concrete Mixers And Pumps 206 18 Trailers 32 137 19 Dozers 24 5 Compactors 20 Light Sources 24 6 Dri
Slide 19: 3. In-house Execution Team
3. In-house Execution Team 5% Total Employees* Project Engineering 27% 2,275 Site Supervision 36% Site Engineers 8% Equipment Operators Admin & Office Staff 24% IN-HOUSE TEAM OF QUALIFIED AND EXPERIENCED EMPLOYEES LED BY PROVEN MANAGEMENT TEAM * as on December 31, 2023 18
Slide 20: 4. Host of Marque Clients
4. Host of Marque Clients National Andhra Pradesh Ministry of Road Hyderabad Growth Karnataka State Karnataka Road Highways Road Development Transport & Corridor Limited Highway Development Authority of Corporation (APRDC) Highways (MoRTH) (HGCL) Improvement Corporation India (NHAI) Project (KSHIP)
Slide 21: BOT Portfolio
BOT Portfolio Disclaimer BOT Porfolio 20
Slide 22: BOT Portfolio – Annuity Projects
BOT Portfolio – Annuity Projects Particulars Patel KNR Infrastructures limited (PKIL) Patel KNR Heavy Infrastructures Limited (PKHIL) Stake 40% 40% Project Type Road-Annuity Road-Annuity Project Details State Karnataka Telangana JV Partner PEL PEIL Client NHAI NHAI Length (KM) 60.0 53.0 Concession S
Slide 23: BOT Portfolio – Toll Project
BOT Portfolio – Toll Project Particulars KNR Muzaffarpur Barauni Tollway Private Limited Stake 51% Project Type Road-Toll Project Details State Bihar JV Partner JKM Infra Project Ltd Client NHAI No of Lanes Two Length(KM) 108 Concession Start Date 8th July 2012 Concession Period 21 Years Terms Sched
Slide 24: HAM Portfolio
HAM Portfolio Mysore to Mysore to Magadi - Oddanchatram - Ramanattukara - Valanchery - Marripudi to Particulars Chittor -Thatchur Kushalnagara Kushalnagara Somwarpet Madathukulam Valanchery Kappirikkad Somvarappadu (Pkg V) (Pkg IV) KNR KNR Somwarpet KNR Sriranganatha KNR Palani Infra KNR Ramanattuka
Slide 25: Order Book & Business Strategy
Order BOTBook & Business Portfolio – TollStrategy Project Order Book & Business Strategy 24
Slide 26: Order-book Highlights
Order-book Highlights Key Projects Rs. Mn Order Book Break-up Ramanattukara to Valanchery bypass project (HAM) 7,276 43% Valanchery Bypass to Kappirikkad project (HAM) 6,743 42% 58% Bangalore-Mangalore Project (Periya Shanthi to Bntwal) 13% 5,708 (EPC) 3% Elevated Highway along Avinashi Road in Coim
Slide 27: Order-book: State-wise
Order-book: State-wise Karnataka No of Projects 4 Balance Value Rs. 8,405 mn AP & Telangana No of Projects 15 Kerala Balance Value Rs. 21,353 mn No of Projects 2 Balance Value Rs. 14,019 mn Tamil Nadu No of Projects 5 Balance Value Rs. 5,869 mn Disclaimer: Maps not to scale. All data, information, a
Slide 28: Recently Won Projects
Recently Won Projects Rs. million Rs. Million 17,800 67,446 New Projects (Excluding GST) Development of six lane access controlled Greenfield Highway from Marripudi (ch. 285+500) to Somvarappadu (ch. 314+600) of [NH-544G] Bengaluru-Vijayawada economic corridor on HAM Mode under 5,800* Bharatmala Par
Slide 29: Orderbook Breakup - Rs. 67,446 Mn
Orderbook Breakup - Rs. 67,446 Mn Order Book Break-up 32% 57% 43% 9% 2% Captive (HAM Projects) State Govt. Central Govt. Others Segment Wise Split Region Wise Split Roads (Others) Irrigation 20% 23% South 100% Roads (HAM) 57% 28
Slide 30: Business Strategy
Business Strategy Focus on Projects involving Higher degree of engineering skills 03 Focus on securing EPC Continuously explores growth contracts from reputed opportunities by forming Clients and Concessionaire strategic Joint Ventures (JVs) 02 04 Capitalise on Opportunity of Execute all the project
Slide 31: Financial Highlights
Financial BOT Portfolio – Toll Project Highlights Financial Highlights 30
Slide 32: Standalone Financial Highlights
Standalone Financial Highlights Financial 2010* 2011* 2012* 2013* 2014* 2015* 2016^ 2017^ 2018^ 2019^ 2020^ 2021^ 2022^ 2023^ Year Rs. 7,125 Rs. 7,930 Rs. 7,505 Rs. 6,921 Rs. 8,348 Rs. 8,761 Rs. 9,025 Rs. 15,411 Rs. 19,317 Rs.21,373 Rs. 22,442 Rs. 27,026 Rs. 32,726 Rs. 37,438 Turnover $118.6 $132.0
Slide 33: Standalone Financial Results
Standalone Financial Results Rs. Million H1 FY24 FY23 FY22 YoY Total Revenue 18,710.6 37,437.9 32,726.0 14% Operating Expenses 12,861.5 25,795.4 21,972.1 Employees Expenses 809.1 1,709.9 1,447.7 Other Expenditure 1,644.8 2,715.4 2,528.8 EBITDA 3,395.2 7,217.2 6,777.4 6% EBITDA margin 18.1% 19.3% 20.
Slide 34: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. Million) Sep-23 Mar-23 Mar-22 EQUITY & LIABILITIES (Rs. Million) Sep-23 Mar-23 Mar-22 Non-Current Assets Equity Property, plant and equipment 4,086.8 4,084.1 4,143.9 Equity Share capital 562.5 562.5 562.5 Capital work-in-progress 40.5 25.1 206.2 Right of Use Asse
Slide 35: Consolidated Financial Results
Consolidated Financial Results Rs. Million H1FY24 FY23 FY22 YoY Total Revenue 20,194.7 40,623.6 36,058.3 13% Operating Expenses 13,159.4 26,320.1 22,265.7 Employees Expenses 812.1 1,742.1 1,460.5 Other Expenditure 1,749.9 3,388.3 4,345.5 EBITDA 4,473.3 9,173.1 7,986.6 15% EBITDA margin 22.2% 22.6% 2
Slide 36: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Million) Sep-23 Mar-23 Mar-22 EQUITY & LIABILITIES (Rs. Non-Current Assets Sep-23 Mar-23 Mar-22 Million) Property, plant and equipment 4,469.2 4,480.3 4,579.5 Equity Capital work-in-progress 40.5 25.1 206.2 Equity Share capital 562.5 562.5 562.5 Right of Use As
Slide 37: Cashflow Statement
Cashflow Statement Standalone Consolidated Particulars (Rs. Million) Half year ended Year ended 31- Year ended 31- Half year ended Year ended 31- Year ended 31- 30-Sep-23 Mar-23 Mar-22 30-Sep-23 Mar-23 Mar-22 Net Profit Before Tax 2,813.9 7,050.7 5,787.9 3,492.6 6,812.5 5,633.8 Adjustments for: Non-
Slide 38: Standalone Financial Highlights
Standalone Financial Highlights Revenue & EBITDA (Margin %) EBITDA 15.7% 17.1% 17.8% 16.8% 15.1% 14.4% 16.9% 14.9% 19.9% 20.0% 21.7% 19.8% 20.7% 19.3% Margin (%) 37,438 32,726 27,026 21,373 22,442 19,317 15,411 EBITDA 7,125 7,930 7,505 6,921 8,348 8,761 9,026 6,777 7,217 Revenue 3,839 4,270 4,871 5,
Slide 39: Shareholding Pattern as on 31st December 2023
Shareholding Pattern as on 31st December 2023 Shareholders Holding more than 1% of the Equity % to Equity (Other than Promoters) HDFC Mutual Fund 8.51% 12.02% Invesco Mutual Fund 3.69% DSP Mutual Fund 3.35% SBI Mutual Fund 2.76% Franklin Templeton Mutual Fund 1.88% 29.32% 51.09% ICICI Prudential Mut
Slide 40: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : KNR Constructions Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L74210TG1995PLC130199 CIN: U74140MH2010PTC204285 Mr. K. Venkata Ram Rao Mr. Jigar Kavaiya / Ms. Devika Shah (GM - Finance & Accounts) +91-9920602034 / +91-9