Power Mech Projects Ltd. · NSE:POWERMECH
Power Mech Projects — Q1 FY2019 Earnings Presentation
34 slides from Power Mech Projects's earnings presentation, September 2018
Slide 1: Investor Presentation Q1 FY18-19
Investor Presentation Q1 FY18-19 POWER MECH PROJECTS LTD Growth Unlimited
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 Established in 1999 by Presently Operates Pan- Largest O&M service FY 17-18 Mr. S. Kishore Babu, a India, Middle East, South Revenue: Rs 15
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
Slide 5: Established Track Record
Established Track Record Integrated power infrastructure services Track record of ~19 years Established a track record of successfully 24,00,000 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 Structures, Works power plants Large & High Pressure Tanks, Construction of 33/11 Kv Renova
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 Mechanical She is a science graduate and holds place in HR management of the Engineering. He has 35 years of experience in power and infra sector. company & also member of
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: Top Shareholders, Shareholding Pattern
Top Shareholders As on 17th Aug 2018 S No Name Shares Category Percentage Shareholding Pattern 1 HDFC Small Cap Fund 894,852 MUT 6.08% 2 Banyantree Growth Capital II L.L.C 363,109 FPI 2.47% 3 IDFC Multi Cap Fund 350,186 MUT 2.38% 4 SBI Small Cap Fund 300,000 MUT 2.04% 5 Vantage Equity Fund 253,614 A
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: Operational Performance Highlights: Q1 FY19 & FY18
Operational Performance Highlights: Q1 FY 19 & FY 18 Q1 FY 19 Revenue EBITDA PAT Order Book + 28.7% + 30.5% + 34.1% + 42.7% FY 17 -18 Revenue EBITDA PAT + 15.5% + 20.4% + 22.1% Order Book ROE ROCE + 17.3% 12.0% 18.4% + 100 bps + 190 bps 20
Slide 21: Q1 FY18-19 – YoY Consolidated Financial Performance
Q1 FY18-19 – YoY Consolidated Financial Performance INR in million Revenue EBIDTA PAT 4,647 636 300 5,000 700 244 3,612 600 250 4,000 487 500 200 182 3,000 400 150 2,000 300 200 13.7% 100 5.3% 1,000 100 13.5% 50 5.0% - - - Q1FY18 Q1FY19 Q1FY18 Q1FY19 Q1FY18 Q1FY19 Q1 Revenue Erection O&M Electrical
Slide 22: FY18 Financial Performance (consolidated)
FY18 Financial Performance (consolidated) INR in million Contract Revenue Revenue mix shift towards high-margin O&M services segment 11,954 13,650 13,778 13,344 15,439 EBITDA Margins continue to remain healthy…. Profit After Tax 22
Slide 23: FY18 Financial Performance (consolidated)
FY18 Financial Performance (consolidated) INR in million Healthy net debt equity ratio provides significant headroom for growth High Asset Turnover … testament to higher efficiency 23
Slide 24: Robust Order Book: Stronger Revenue visibility for next 3 years
Robust Order Book: Stronger Revenue visibility for next 3 years INR in million 45,000 42,677 40,000 37,050 15% 35,238 34,063 35,000 49 % 30,000 85% 28,185 25,000 Contract Revenue 21,064 19,420 20,000 17,950 Order Inflow 15,375 15,439 14,023 13,650 13,778 13,344 Order Back Log 15,000 11,954 10,000 34
Slide 25: 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 17th Sep 18) Rs. 29,420 Mn 7,398 Erection 25% O&M Electrical Works 2,817 19,205 -10% Civil & Other Works 65% Power : 18% & Non Power 82% Order back log as on 30th Jun, 2018 Rs 49,
Slide 26: Key Orders won during FY18 & FY19
Key Orders won during FY 18 & FY 19 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 Installation works of HRSG, Center Line (STG & GTG), Gama Bahrain ETC 1,330 49 % Pipi
Slide 27: Financial Snapshot | Consolidated Income Statement & Balance Sheet
Financial Snapshot | Consolidated Income Statement & Balance Sheet INR in million Income Statement (Consolidated) Balance Sheet (Consolidated) Particulars FY14 FY15 FY16* FY17* FY18* Particulars FY14 FY15 FY16 * FY17* FY18* Revenue from operations 12,003 13,662 13,782 13,382 15,479 Assets Other Inco
Slide 28: Our Projects
POWER MECH Growth Unlimited Our Projects 28
Slide 29: 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 30: 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 31: 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 CCPP, INSTALLATION OF HRSG (COMPLETED) INSTALLATION OF HYDRO ETC OF GTG,STG,HRSG & BOP BANGLADESH INSTALLATION OF GTG, TURBINE & GENERATOR STG & HRSG 151
Slide 32: 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 63MW, HP HEATER REPLACEMENT 800MW ,CGPL CUPLOCK SCAFFOLDING ERECTION MSH LINE MODIFICA
Slide 33: 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 34: Thank You
Thank You For investor queries, please contact: Mr. Rohit Tibrewal, Company Secretary Ph: +91-040-30444418 Email: cs@powermech.net 34
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