Engineers India Limited · NSE:ENGINERSIN
Engineers India — FY2018-19 Earnings Presentation
42 slides from Engineers India's earnings presentation, May 21, 2019
Slide 1: Exchange filing cover letter: Investor Presentation, Annual Results FY 2018-19
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Slide 2: Investor Presentation Annual Results: FY 18-19
Investor Presentation Annual Results : FY 18-19 17th May 2019
Slide 3: Contents
Contents Page # 1 Overview of Engineers India Limited (“EIL”) 3 2 Track Record and Credentials 10 3 Financials and Order Book Overview 19 4 Orders in hand and Outlook 31 2
Slide 4: Overview of Engineers India Limited (EIL)
1 Overview of Engineers India Limited (“EIL”)
Slide 5: Company Background
Company Background Marquee Projects India’s leading engineering consultancy & EPC company BPCL Refinery, Kochi Over 6000 Projects worth 200 Bn USD executed. Five decades of experience on landmark projects Significant track record across entire oil & gas value Bina Refinery chain In-house a
Slide 6: Evolution & Key Milestones – Over 5 decades
Evolution & Key Milestones – Over 5 decades Wholly owned Commenced Expansion in Diversified into Commenced Largest overseas Government of first Hydrocarbons Infrastructure services in sub- order from Nigeria India (GoI) international value chain surface crude company assignment Offshor
Slide 7: Lines of Business
Lines of Business Oil & Gas Petrochemicals & Metallurgy Oil and Gas Refinery Petrochemicals Mining and Processing Metallurgy Infrastructure Storages and Fertilizers Water and Waste Strategic Storage, Fertilizer Smart Cities Terminals and Management Pipelines 6
Slide 8: Service Offering - From Concept to Commissioning
Service Offering - From Concept to Commissioning Process Design Engineering Procurement Pre-feasibility studies Residual engineering and FEED Supplier and contractor Technology and licensor selection management Detailed engineering Conceptual design & feasibility Engineering for procur
Slide 9: Modes of Contracts Managed
Modes of Contracts Managed Consultancy Contracts Front-end Engineering & Design 1 2 for complete definition of scope Engineering, Procurement and FEED for selection of EPC contractor Construction Management EPCM 3 Project Management Services Consultancy Services for PMC managing EPC contractor
Slide 10: Technology at the forefront of Consultancy Services
Technology at the forefront of Consultancy Services • R&D Center at Gurugram • Developed more than 30 process technologies Delayed Coking & Vis- breaking • 26 Patents, 22 pending Patent applications Aromatic Paraffin Wax Extraction • Technology collaboration with IOCL/Indian Institute of Petroleum E
Slide 11: Track record and Credentials
2 Track record and Credentials
Slide 12: Strong Track Record with diverse client base
Strong Track Record with diverse client base 80 major Refinery Projects As of March 2019 incl 10 Green-field Projects 43 Oil & Gas 11 Major Petrochemical Projects Processing Projects 213 Offshore Projects including Process Platforms 48 Pipeline Projects 10 Fertiliser Projects BCIC BCPL 14 Ports & St
Slide 13: Leadership Position in Refineries & Petrochemicals in India
Leadership Position in Refineries & Petrochemicals in India HMEL Petro Plant Bongaigaon Petro. Plant Pata Petro. Plant 1&2 HMEL- GGSR Refinery Milestones Panipat Refinery PUNJAB Guwahati Refinery 20 out of 23 Refineries in India Mathura Refinery Bongaigaon Refinery Panipat Petro. Plant 1&2 have EI
Slide 14: Increased Focus in Overseas Geographies
Increased Focus in Overseas Geographies Select Overseas Projects across various segments Sector Country Client Sector Country Client Refinery Nigeria Dangote Fertilizers Nigeria Indo Rama Refinery Bangladesh ERL Fertilizers Nigeria Brass Fertilizer Refinery Algeria Sonatrach Fertilizers Bangladesh B
Slide 15: EIL Manpower Resources
EIL Manpower Resources Qualification Count PERSONNEL EXPERIENCE Graduates in Engineering 1934 12% Post Graduates/ Doctorates in Engineering 257 60% Diploma in Engineering 49 17% Total Personnel with Engineering 2204 Qualification (Technical Manpower) 11% Other Professionals 135 0 to 10 10 to 20 20 t
Slide 16: Experienced Leadership: Executive Directors
Experienced Leadership: Executive Directors (as on 31st Mar 2019) Mr. J.C.Nakra He has varied experience of about 36 years in the fields of Projects, Construction & Marketing Chairman & He has served in Marketing and Project Divisions. He has steered the Marketing initiatives of EIL for business
Slide 17: Experienced Leadership: Non-Executive Directors
Experienced Leadership: Non-Executive Directors (as on 31st Mar 2019) Mr. Sandeep Poundrik has been appointed as a Government Nominee Director on the Board effective July 14th Mr. Sandeep ‘2015 .He is presently posted as Joint Secretary (Refineries) , MoPNG . As JS (R) , he looks after the matters
Slide 18: Experienced Leadership: Non-Executive Directors
Experienced Leadership: Non-Executive Directors (as on 31st Mar 2019) Ms. Shazia Ilmi Malik is a Non-official Part-time Independent Director of Engineers India Limited . She has16 years of experience in electronic journalism,. She had regularly anchored daily news bulletins and specials, Ms. Shazi
Slide 19: Awards and Accolades (2018-19)
Awards and Accolades (2018-19) CII National Energy Efficiency Circle Awards in two categories: Energy Efficient Technology - Implementation of Oxygen Enrichment Technology in SRU and Best Energy Efficient Case Study - combined Heat & Power Optimisation of a Refinery in May, 2018 IEI Industry Exc
Slide 20: Financials and Order Book Overview
3 Financials and Order Book Overview
Slide 21: Financial and Operating Track Record - Consolidated
Financial and Operating Track Record - Consolidated Total Income (INR mn)* Revenue Segmentation* 30,000 Consulting Turnkey 100% 80% INR mn 20,000 60% 26,981 40% 81% 78% 67% 10,000 20,144 20,005 56% 56% 17,879 20% 44% 44% 17,022 33% 19% 22% 0% 2014-15 2015-16** 2016-17** 2017-18** 2018-19** 0 2014-15
Slide 22: Financial and Operating Track Record - Consolidated
Financial and Operating Track Record - Consolidated EBITDA## Performance (INR mn)* 6,000 30% 23% 15% 25% 4,000 21% INR mn 20% 14% 4,275 3,756 2,000 3,143 15% 13% 2,243 2,082 0 10% 2014-15 2015-16** 2016-17** 2017-18** 2018-19** EBITDA (INR mn) - LHS EBITDA Margins (%) - RHS * Note: All figures have
Slide 23: Financial and Operating Track Record - Consolidated
Financial and Operating Track Record - Consolidated Profitability (INR mn)* Earnings per Share – EPS (INR)* Return on Net Worth (%) INR Mn INR INR mn 6,000 40% 30,000 28,219 28,449 80% 20.0 26,317 18.0 70% 35% 25,000 23,412 23,473 16.0 60% 4,000 3,833 30% 14.0 20,000 3,696 50% 3,302 12.0 3,127 2,814
Slide 24: Financial and Operating Track Record - Consolidated
Financial and Operating Track Record - Consolidated Dividend Distribution (INR mn)* INR Mn 7,500 90% 80% 80% 82% 80% 79% 6,000 65% 70% 73% 60% 62% 60% 4,500 50% 50% 3,044 3,040 40% 3,000 40% 2,408 2,024 30% 1,622 20% 1,500 10% 0 0% 2014-15 2015-16 2016-17 2017-18 2018-19 Gross Dividend incl. tax (IN
Slide 25: Annual Performance Summary – Standalone
Annual Performance Summary – Standalone Rs Mn TURNOVER 2018-19** 2017-18** 2016-17** 2015-16** 2014-15 2013-14 2012-13 Consultancy 13,494 13,793 11,650 10,074 9,480 11,091 12,342 Turnkey 10,949 4,083 2,836 5,036 7,650 7,145 12,717 Consultancy + Turnkey 24,443 17,876 14,486 15,110 17,130 18,236 25,06
Slide 26: Quarterly Performance Summary – Standalone 2018-19
Quarterly Performance Summary – Standalone 2018-19 Rs Mn TURNOVER Q1** Q2** Q3** Q4** H1** H2** 9M** Annual** Consultancy – Domestic 2790.2 2889.5 2950.1 3066.4 5679.7 6016.5 8629.8 11696.2 Consultancy - Overseas 433.0 434.4 475.1 456.0 867.4 931.1 1342.5 1798.5 Consultancy Total 3223.2 3323.9 3425.
Slide 27: Quarterly Performance Track Record - Standalone
Quarterly Performance Track Record - Standalone Total Income Consultancy Turnkey Other Income 10,000 8,000 INR Mn 6,000 3,845 4,000 3,509 3,245 3,330 3,373 3,3243490 3,425 3,522 3,223 2,686 2,749 2,707 2510 2604 2345 1725 2,000 732 546 920 961 889 640 561 544 559 571 509 456 467 393 479 522 614 519
Slide 28: Quarterly Performance Track Record – Standalone
Quarterly Performance Track Record – Standalone Segment Wise Operating Profit Consultancy Turnkey 1,440 1,500 1,305 1,057 1,019 1,011 909 896 900 964 1,000 863 797 INR Mn 628 486 500 271 285 325 155 108 121 147 175 143 163 39 0 Q1 16-17** Q2 16-17** Q3 16-17** Q4 16-17** Q1 17-18** Q2 17-18** Q3 17-
Slide 29: Business Secured and Order Book – Standalone
Business Secured and Order Book – Standalone Rs Mn Business Secured FY 18-19 FY 17-18 FY 16-17 FY 15-16 FY 14-15 Consultancy Turnkey 100% Consultancy (domestic) 14,942 13,572 20,319 9,900 6,103 14% 19% 22% 80% Consultancy (overseas) 911 3,036 2,644 3,860 12,533 60% 60% 73% Consultancy Total 15,853 1
Slide 30: Orders Secured Break up - Standalone
Orders Secured Break up - Standalone Consultancy Vs LSTK Consultancy Domestic Vs Overseas Consultancy LSTK Domestic Overseas 6% 27% Note : LSTK orders are entirely from Domestic Segment 73% 94% Consulting Total Orders Segmental Break up Segmental Break up 0.11% 1.97% 1.76% 0.02% 6.54% 0.53% HYDROCAR
Slide 31: Order Book Break up - Standalone
Order Book Break up - Standalone OBP: Consultancy Vs LSTK OBP: Domestic Vs Overseas 8% 39% Domestic Consultancy Overseas LSTK 61% 92% Note : Data on unconsolidated basis 30
Slide 32: Orders in Hand and Outlook
Orders in Hand and Outlook SSifazret a) ENGINEERS sfean feifates INDIA LIMITED (orem wreanre rT ae) (A Govt. of wntie Undertaking)
Slide 33: Major ongoing Projects: Refinery Projects
Major ongoing Projects Project Client Project Location Refinery Projects BS VI Project IOCL Five different locations across India BS-VI Project CPCL Chennai BS VI Project at Bhatinda, HMEL HMEL Bhatinda BS-VI Project MRPL Mangalore Visakh Refinery Modernization Project HPCL Visakhapatnam Rajasthan R
Slide 34: Major ongoing Projects: Petrochemical, Fertilizer, Pipeline
Major ongoing Projects Project Client Project Location Petrochemical Project Propylene Derivative Petrochemical Project BPCL Kochi Guru Gobind Singh Polymer Addition Project HMEL Bhatinda Methanol & Formalin Plant APL Namrup, Assam Fertilizer Project Revival of Ramagundam Fertilizer Complex RFCL Ram
Slide 35: Major ongoing Projects: Infrastructure and Overseas
Major ongoing Projects Project Client Project Location Infrastructure Projects Condition Assessment & Feasibility Study, Entry Level Activities NMCG UP & Bihar Under Namami Gange Programme, NMCG Laying of Interceptor Sewers for Yamuna at Delhi (DJB) DJB Delhi Atal Mission For Rejuvenation And Urban
Slide 36: Global Oil Outlook & Refining Capacity Outlook India
Global OIL Outlook & Refining Capacity Outlook India Source: OPEC/IEA Energy Mix ( %) : India India to exhibit strong growth in APAC Region Robust POL Demand driving Indian refining capacity (247 MMT) to projected 533 MMT by 2040 NG and Renewable share in Energy Mix to Rise to 22% by 2040 Source: BP
Slide 37: Petrochemicals Deficit to Drive the investment
Petrochemicals Deficit to Drive the investment 36
Slide 38: Polymer Demand Drivers
Polymer Demand Drivers (PE/PP/PVC) Rising Middle class Infrastructure Higher Income Housing Urbanization Automobile/ Electronic good Economic Growth Make in India Polymer Swachh Bharat Retail-Food packaging Agriculture/ Irrigation demand Smart Cities Healthcare Bharatmala Food Security
Slide 39: Opportunities In Diversified Sectors
Opportunities In Diversified Sectors URBAN INFRASTRUCTURE Alternative Fuels India has a requirement of investment worth Rs 50 trillion (US$ New Bio Fuel Policy Announced by GoI 777.73 billion) in infrastructure by 2022 to have sustainable GOI mandate to implement E5/E10/E20 by 2022 development
Slide 40: Strategizing for Growth
Strategizing for Growth Collaborative Technology Equity Development Participation in Alliances for Leverage track select assets Diversification record for related Explore sweat Consolidate diversification equity options for presence in select projects Focus on Middle East Asia, Allianc
Slide 41: Disclaimer
Disclaimer This presentation report is for distribution only under such circumstances as may be permitted by applicable law. It is published solely for information purposes, it does not constitute an advertisement and is not to be construed as a solicitation or an offer to buy or sell any securities
Slide 42: Thank You
THANK YOU