Capacit'e Infraprojects Ltd. · NSE:CAPACITE
Capacit'e Infraprojects — Q2 FY2021 Earnings Presentation
34 slides from Capacit'e Infraprojects's earnings presentation, Nov 11, 2020
Slide 1: Cover letter to stock exchanges
CAPACIT'E INFRAPROJECTS LIMITED Ref : CIL/STEX 30/Q2FY21 Date : November 11, 2020 To The Secretary, The Secretary, BSE Limited National Stock Exchange of India Limited Corporate relation Dept, Plot No. C/1, G Block, P.J. Towers, Bandra Kurla Complex Dalal Street, Fort, Bandra (East) Mumbai-400 001 M
Slide 2: Capacit'e Infraprojects Ltd. Investor Presentation Q2 FY21
Oberoi, Enigma, MMR Capacit'e Infraprojects Ltd. On a Long-term Growth Path… Investor Presentation Q2 FY21 November 2020 1
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Capacit'e Infraprojects Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 4: Q2 FY21 Standalone Performance
Q2 FY21 Standalone Performance
Slide 5: Our Strategic focus… scale up execution
Our Strategic focus… scale up execution Order Book (In ₹) Orderbook where work commenced ▪ Labour availability has been ~9,873 Crores ~100% restored back to 100% of Pre-COVID Levels. Work has now commenced on 100% of Orderbook Public Order Book Contribution Marquee Clients contribution in ▪ Increase
Slide 6: Working capital efforts
Working capital efforts Debtor (₹ In Cr) Collections (₹ In Cr) Creditor (₹ in Crs) Working Capital (₹ in Crs) -128 362 -227.7 +102.3 619 559 597 570 309 464 495 519 490 332 83 Q4FY20 Q1FY21 Q2FY21 Q4FY20 Q1FY21 Q2FY21 Q4FY20 Q1FY21 Q2FY21 Q4FY20 Q1FY21 Q2FY21 • With Improving pace in our execution w
Slide 7: Business Momentum picking up
Business Momentum picking up Revenue from Operations (₹ In Crores) 405 405 Impact of CoVID-19 307 181 29 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 With Improving pace in our execution we foresee better Revenue traction in H2FY21 6 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 8: Key Trends
Key Trends Workmen Increase in execution availability reaches sites increased 100% of Pre-COVID revenue trajectory levels Organized and Increased traction Clients with strong branded real estate witnessed in balance sheet and Industry witnessing Government Orders cash flows faster than expected as w
Slide 9: Healthy Order Book to support Revenue uptick
Healthy Order Book to support Revenue uptick ▪ Diversified Orderbook across (Standalone) (Under an Integrated SPV) clientele ▪ Execution focus on projects for marquee clients in private & public sector, profitable working capital cycle and Public Private ` MHADA projects with last mile Sector Sector
Slide 10: Order Book Details as on 30th September 2020
Order Book Details as on 30th September 2020 (₹ In Crs) Order Backlog Project Split Category wise split 10,484 9,873 7,177 5,682 High Rises 4,289 Residential & Super High Rises 26% 24% FY17 FY18 FY19 FY20 H1FY21 (₹ In Crs) Order Inflow 56% 20% 74% 6,001 Mixed 3,629 Other Buildings Commercial 2446 Us
Slide 11: Q2 FY21 Financial highlights
Q2 FY21 Financial highlights Total Income (₹ in Cr.) EBITDA (₹ in Cr.) PBT (₹ in Cr.) 45 6 188 +551.1% 29 -18 -55 Q1FY21 Q2FY21 Q1FY21 Q2FY21 Q1FY21 Q2FY21 PAT (₹ in Cr.) Cash PAT (₹ in Cr.) 5 32 -40 -42 Q1FY21 Q2FY21 Q1FY21 Q2FY21 10 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 12: Q2FY21 Standalone Profit & Loss
Q2FY21 Standalone Profit & Loss Particulars (₹ In Crs) Q2 FY21 Q2 FY20 Y-o-Y Q1FY21 Q-o-Q H1 FY21 H1 FY20 Y-o-Y Revenue from Operations 181.3 405.3 -55.3% 23.7 665.0% 205.0 816.5 -74.9% Other Income 6.2 8.1 5.1 11.4 14.9 Total Income 187.5 413.5 -54.6% 28.8 551.1% 216.4 831.4 -74.0% Cost of Material
Slide 13: Strong Standalone Balance Sheet
Strong Standalone Balance Sheet ASSETS (₹ In Crs) Sept-20 Mar-20 EQUITY AND LIABILITIES (₹ In Crs) Sept-20 Mar-20 NON-CURRENT ASSETS 963 942 EQUITY 890 926 Property, plant & equipment: 624 646 Core Assets 411 424 Equity Share capital 68 68 Site Establishment 187 194 Other equity 822 858 Other Fixed
Slide 14: Cash Flow Statement
Cash Flow Statement Cash Flow Statement (₹ In Crs) H1 FY21 H1FY20 PBT -48.8 67.5 Adjustments 76.0 81.3 Operating profit before working capital changes 27.2 148.9 Changes in working capital 64.9 -43.3 Cash generated from operations -37.7 105.5 Direct taxes paid (net of refund) 0.4 -16.8 Net Cash from
Slide 15: Industry Dynamics to benefit organized large players
Industry Dynamics to benefit organized large players In the recent stimulus announcements, government evinced interest in pushing infrastructure projects 1 Government Push This shall lead to higher tendering activity for public sector projects along with focus on timely execution of existing project
Slide 16: Our Business Model
Our Business Model
Slide 17: Developed our service portfolio by capturing the complexities
Developed our service portfolio by capturing the complexities … CAPACIT'E is unlike a commoditized construction company… “We do our business DIFFERENTLY” 2018 Onwards High Rise 2016 Onwards Super High Rise High Rise Gated Communities 2014 Onwards Super High Rise Commercial Office Gated Communities M
Slide 18: ... & built a sustainable model
... & built a sustainable model Sustainable Model: Timely Orderbook Execution + Technology Focus + Large Opportunity = SUSTAINABLE PROFITABILITY Factory & Buildings Continuous Risk Large Leveraging Maximization (F&B) Approach Mitigation Opportunity Ecosystem Maximize existing Assets & human resource
Slide 19: Hybrid Service Portfolio = Private + Public
Hybrid Service Portfolio = Private + Public Opportunity Enhances the multi fold construction opportunity in the world’s fastest growing economy, for a young company as Capacit'e Efficiency Benefit from the Large Central Schemes of the Government aimed Hybrid Service Portfolio towards Better Hospital
Slide 20: Hybrid Service Portfolio – Builds Diversity
Hybrid Service Portfolio – Builds Diversity FY18 FY19 FY20 H1FY21 Public Public Public 0% 13% 13% Sector wise Split Private 43% Public Private Private Private 57% 100% 87% 87% Public Order Book Public Order Book Public Order Book ₹ 915 Crores ₹ 5,713 Crores ₹ 5,630 Crores Orderbook Size Private Orde
Slide 21: Strategic Priorities
Strategic Priorities Marquee Clientele Account Groups Design & Build Lean Balance Sheet Cash Flows Work with Large and Liquid Deepen the culture of account Design & Build projects, Most sustainable Strong Cash Flow Focus leading public & private sector driven approach, in which we attracting lump su
Slide 22: Project Profile
Project Profile
Slide 23: Tata Trust Cancer Hospital (Varanasi)
Tata Trust Cancer Hospital (Varanasi) 22 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 24: Our Creations (1/6)
Our Creations (1/6) Lodha The Park, Oberoi The Enigma, Nahar Exallibur, Mumbai MMR Mumbai MMR Mumbai MMR 23 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 25: Our Creations (2/6)
Our Creations (2/6) Godrej Emerald, Auris Serenity, Mumbai MMR Mumbai MMR 24 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 26: Our Creations (4/6)
Our Creations (4/6) Bharti Worldmark, Emmar Imperial, NCR NCR 25 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 27: Our Creations (5/6)
Our Creations (5/6) Rustomjee seasons, Sir Ganga Ram Hospital – Multi Level Car Park, Wadhwa W54, Mumbai MMR Delhi Mumbai, MMR 26 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 28: Our Creations (6/6)
Our Creations (6/6) Four Seasons, Sahana Sheth BEAU-MONTE, Brookfield, Mumbai MMR Mumbai MMR NCR 27 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 29: Key Delivered Marquee Projects
Key Delivered Marquee Projects Lodha – The Park Saifee Burhani Upliftment Trust Tata Trust – Cancer Hospital Brookfield – Unitech developers MLCP* Godrej – Central Brookfield – Seaview Developers Phase 1 Godrej – Summit Sattava Group – Sattva Salarpuria Cadenza Hiranandani – The Walk Bharti Land – W
Slide 30: Strong Financials to Achieve Growth
Strong Financials to Achieve Growth On A Long-term Growth Path…
Slide 31: Robust Order Book making us ready…for the future growth…
Robust Order Book making us ready…for the future growth… Order Book to Sales Ratio Order Book (₹ in Cr.) Ex of MHADA (No. of years) 6.7 10,484 9,873 7,177 4.2 3.8 3.9 5,682 FY18 FY19 FY20 H1FY21 FY17 FY18 FY19 FY20 30 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 32: Profit & Loss Statement
Profit & Loss Statement Particulars (₹ In Crs) FY20 FY19 FY18 FY17 Revenue from Operations 1529 1,788 1,336 1,125 Other Income 25 37 24 15 Total Income 1554 1825 1,360 1,140 Cost of Material Consumed (Incl. Construction Expenses) 1064 1,320 966 796 Employee Expenses 137 146 117 87 Other Expenses 71
Slide 33: Balance Sheet
Balance Sheet ASSETS (₹ In Crs) Mar’20 Mar’19 Mar’18 Mar’17 EQUITY AND LIABILITIES (₹ In Crs) Mar’20 Mar’19 Mar’18 Mar’17 NON-CURRENT ASSETS 942 728 543 381 EQUITY 926 843 749 299 Property, plant & equipment 646 539 409 324 Equity Share capital 68 68 68 44 Capital work-in-progress 5 4 0 7 Other equi
Slide 34: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : Capacit'e Infraprojects Ltd. Strategic Growth Advisors Pvt. Ltd. CIN - L45400MH2012PLC234318 CIN - U74140MH2010PTC204285 Mr. Alok Mehrotra (President, Corporate Finance) Mr. Shogun Jain / Mr. Vinit Vora ir@capacite.in sh
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