37 slides from J. Kumar Infraprojects's earnings presentation, Nov 9, 2021
Slide 1: Exchange filing cover letter – J. Kumar Infraprojects
J . ~ma1" Infraprojeds Ltd. TM We dream . . . So we achieve ... Regd. Off.: 16-A, Andheri Industrial Estate, Veera Desai Road, Andheri (W), Mumbai- 400053. INDIA SJnce 1980 Ph.: +91-22-6774 3555. Fax+91-22-2673 0814. E-mail: info@jkumar.com Website: www.jkumar.com CIN No.: L74210MH1999PLC122886 J. K
Slide 2: Q2 & H1 FY22 Result Update
J. Kumar Infraprojects Ltd. We dream… So we achieve… Q2 & H1 FY22 Result Update
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by J. Kumar Infra Projects 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: Agenda
BUSINESS UPDATE & OUTLOOK 4 KEY FINANCIAL HIGHLIGHTS 5 CORPORATE OVERVIEW 16 MANAGEMENT 28 STRATEGIC PRIORITIES 31 HISTORICAL FINANCIAL 32
Slide 5: Business Update & Outlook
BUSINESS UPDATE & OUTLOOK Financial & Operational Performance • Revenue up by 62% in Q2FY22 & 90% in H1FY22 despite operational constraints in the wake of 01 Covid 19 second wave and heavy monsoon. • Robust execution capabilities reflected in strong growth in revenue. • On the trajectory of higher g
Slide 6: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS 01 02 03 4 Total Income EBITDA PAT Cash PAT Q2FY22 ₹ 7,720 million +62% ₹ 1,100 million +74% ₹ 441 million +478% ₹ 763 million +80% 14.3% 5.3% 9.9% H1FY22 ₹ 14,470 million ₹ 2,068 million ₹ 732 million ₹ 1,455 million +157% +90% +126% +634% 14.3% 5.1% 10.1% 5
Slide 7: Performance Highlights Q2 FY22
PERFORMANCE HIGHLIGHTS Q2 FY22 Revenue ₹ Mn EBIDTA ₹ Mn PAT ₹ Mn CASH PAT ₹ Mn 6
Slide 8: Performance Highlights H1 FY22
PERFORMANCE HIGHLIGHTS H1 FY22 Revenue ₹ Mn EBIDTA ₹ Mn PAT ₹ Mn CASH PAT ₹ Mn 7
Slide 9: Financial Q2 FY22 & H1 FY22
FINANCIAL Q2 FY22 & H1 FY22 Particulars (₹ In Mn) Q2 FY22 Q2 FY21 Y-O-Y Q1 FY22 H1FY22 H1FY21 Y-O-Y FY21 Revenue from Operations 7,720 4,774 62% 6,751 14,470 7,626 90% 25,708 Cost of Material Consumed 4,799 2,745 4,250 9,049 4,429 16,121 Employee Expenses 703 503 676 1,379 856 2,312 Other Expenses 1
Slide 10: Balance Sheet as at September 30, 2021
BALANCE SHEET AS AT SEPTEMBER 30, 2021 As at As at As at As at Particulars (₹ in Mn) Particulars (₹ in Mn) Sep 2021 Mar 2021 Sep 2021 Mar 2021 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, plant and equipment 8,099 8,056 Equity Share Capital 378 378 Capital work-in-progress 1,241
Slide 11: Cash Flow Statement
CASH FLOW STATEMENT Particulars (₹ In Mn) H1FY22 H1FY21 PBT 970 (176) Adjustments 1,109 1,104 Operating profit before working capital changes 2,079 928 Changes in working capital (643) 648 Cash generated from operations 1,436 1,576 Direct taxes paid (net of refund) (228) (161) Net Cash from Operatin
Slide 12: Revenue Breakup Q2 FY22
REVENUE BREAKUP Q2 FY22 Segment Wise Break-up (%) Sub-segment wise Break-up (%) Geographical Break-up (%) Client wise Break-up (%) 11
Slide 13: Revenue Breakup H1 FY22
REVENUE BREAKUP H1 FY22 Segment Wise Break-up (%) Sub-segment wise Break-up (%) Geographical Break-up (%) Client wise Break-up (%) 12
Slide 14: Order Book Breakup as on September 30, 2021
ORDER BOOK BREAKUP AS ON SEPTEMBER 30, 2021 Segment Wise Break-up (%) Sub-segment wise Break-up (%) Geographical Break-up (%) Client wise Break-up (%) 13
Slide 15: Order Book Position as on September 30, 2021
ORDER BOOK POSITION AS ON SEPTEMBER 30, 2021 Order Backlog Order Backlog Name of the Project Sub Segment Client Name Name of the Project Sub Segment Client Name (₹ mn) (₹ mn) MUMBAI METRO LINE-09-07A (CA48) Metro - Elevated MMRDA 17,146 CHHEDA NAGAR FLYOVER Flyover MMRDA 913 MUMBAI METRO LINE-2B C10
Slide 16: Reducing Debt Level
REDUCING DEBT LEVEL Long Term Debt (Incl. Short Term Debt Gross Debt Current Maturities) (₹ In Mn) (₹ In Mn) (₹ In Mn) -268 35 -233 • Company achieved a 90% Y-o-Y increase in half year turnover despite Covid related disruptions and labour shortages • Reduced debt level despite Covid related disrupti
Slide 17: Corporate Overview
CORPORATE OVERVIEW FINANCIAL DISCIPLINE Rated “IND A+/Stable” for Fund based limit and “IND A1” INCORPORATION for non-fund based limit. A improving net debt equity Incorporated in the year 1999 under ratio of 0.26 as on Sep 30, 2021 compared to 0.28 as on the visionary leadership of Mr. Mar 31, 2021
Slide 18: Work We Do
WORK WE DO METRO • Metros Elevated • Metros Underground • Metro Station & Depot Flyovers, Bridges & Roads • Flyovers, Bridges & Roads • Pedestrian Subways • Airport Runways Civil & Others • Hospital/Medical College • Railway Terminus & Station • Commercial Building • Sports Complex • Other Civil Con
Slide 19: Revenue – Key Contributors
REVENUE – KEY REVENUE – KEY CONTRIBUTORS CONTRIBUTORS METRO - UNDERGROUND (₹ mn) METRO - ELEVATED (₹ mn) 18
Slide 20: Revenue – Key Contributors
REVENUE – KEY CONTRIBUTORS J. Kumar FLYOVER & BRIDGES (₹ mn) ROADS (₹ mn) CIVIL & OTHERS (₹ mn) 7,000 7, 000 2,500 6,000 6,000 2,000 5,000 5, 000 4,000 4, 000 1, 500 ...... ID I'll 00 ~ 3,000 00 3,000 00 .-4 ~ 0 ID .,; 1, 000 0 ...; ...; I'll I'll ...... 2,000 ..; 2, 000 ...i ~ 1,000 I'll 500 1, 000
Slide 21: Our Marquee Clients
OUR MARQUEE CLIENTS J. Kumar ~ RAILWAYS METRO & ~ @ ~· ~ -tc;r q;y((jl~~l'1 ~ MMRC DELHI METRO RAIL CORPORATION LTD. PONE MEllO CIDCO WE MAKE CITIES FLYOVER & BRIDGES MSRDC ,_c~ CIVIL AND OTHERS ~ ...- lk-.,.,::~~-'1\ ENGII"I:DUHG II"I"OVA~OI"$ SHETH • .....__l>. ;.;.:& = oo;l CfT•r.J!!:II ~ ~fflqi•
Slide 22: Equipment Bank
EQUIPMENT BANK TBM Machine Piling Machine Casting Yard Dumper / Tipper RMC Plant Segment Rolling Launching Girder Bitumen Plant 21
Slide 23: Our Journey So Far
OUR JOURNEY SO FAR • Awarded Ahmedabad • Awarded contracts worth ₹ • Awarded first Metro Metro Project worth 22,594 Mn in FY 21 Project by DMRC ₹ 2,781 Mn worth ₹ 14,072 Mn • Revenue at ₹25,708 mn • Fund raised through despite pandemic and • UPRNNL Project of ₹ Company Started 2008 5,190 Mn 2013 QIP
Slide 24: Some of Our Completed Projects
SOME OF OUR COMPLETED PROJECTS Delhi Underground Metro Sky Walk – Mumbai Project KSB Underpass, Pune ESIC - Alwar 23
Slide 25: Some of Our Completed Projects….1
SOME OF OUR COMPLETED PROJECTS….1 Delhi Elevated Metro Amar Mahal Flyover Ahmedabad Metro BKC- Chunabhatti Flyover 24
Slide 26: Key Ongoing Projects – Mumbai Metro
KEY ONGOING PROJECTS – MUMBAI METRO Line 3 -Package 6 Line 3 - Package 5 Line 7 Line 2 Line 2 Line 3- Package 5 25
Slide 27: Key Ongoing Projects
KEY ONGOING PROJECTS RML, Lucknow Pune Elevated Metro Chhedanagar Flyover Kalwa Bridge Thane SCLR Flyover JNPT 26
Slide 28: Key Strength
KEY STRENGTH Cost Economies Sound Prestigious Sustainable Focussed Financials Clientele positive In House Management operating cash Consistently Rich Experience Capabilities Large & flows and stable Experienced delivering diversified margin profile Proven Management growth in Ownership of order book
Slide 29: Executive Directors
EXECUTIVE DIRECTORS Mr. Jagdishkumar Gupta Mr. Kamal Gupta Mr. Nalin Gupta Executive Chairman Managing Director Managing Director Mr. Jagdishkumar Gupta, the architect of JKIL, Graduated with Bachelors in Civil A commerce graduate and Member of is a first generation entrepreneur and has led Engineer
Slide 30: Independent Directors
INDEPENDENT DIRECTORS Dr. R. Srinivasan Mr. Padmanabh P. Vora • Holds a Doctorate in Banking and Finance • Served as CMD of Bank of India and Allahabad • Chartered Accountant with over 32 years Bank. experience in finance, banking and • Serving on board of several companies management. focused on so
Slide 31: Our Core Team
OUR CORE TEAM Arvind Gupta Poornima Reddy Mayank Kumar Jain Company Secretary & Chief Financial Officer Head Transportation-Project Compliance Officer S.M. Thorat Ravindra M Kulkarni R. B. Singh Vice President (Projects) Vice President (IT, Admin & HR) Regional General Manager Rajan Sharma Dharmendr
Slide 32: Strategic Priorities
STRATEGIC PRIORITIES At JKIL, we are attractively placed Increase in scope of existing to carve out larger projects. We would bid for and undertake large Larger & 01 02 Increase projects help us in better Wallet Share absorption of our administration projects which meets internal Complex Projects co
Slide 33: Key Financial Indicators
KEY FINANCIAL INDICATORS Revenue from Operations ₹ Mn EBIDTA ₹ Mn PAT ₹ Mn Cash PAT ₹ Mn 32
Slide 34: Key Ratios
KEY RATIOS Asset Turnover Ratio Working Capital Days ROE ROCE 33
Slide 35: Profit & Loss
PROFIT & LOSS Particulars (₹ In Mn) FY17 FY18 FY19 FY20 FY21 Revenue from Operations 16,043 20,507 27,871 29,705 25,708 Cost of Material Consumed 9,659 12,087 17,203 18,169 16,121 Employee Expenses 1,267 1,971 2,477 2,987 2,312 Other Expenses 2,611 3,237 3,828 4,260 4,162 EBIDTA 2,506 3,212 4,363 4,
Slide 36: Balance Sheet
BALANCE SHEET As at As at As at As at Particulars (₹ in Mn) Particulars (₹ in Mn) Mar 2021 Mar 2020 Mar 2021 Mar 2020 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity Property, plant and equipment 8,056 8,545 Equity Share Capital 378 378 Capital work-in-progress 1,498 987 Other Equity 18,491
Slide 37: For further information, please contact
For further information, please contact Company : Investor Relation Advisors: J Kumar Infraprojects Ltd. Marathon Capital Advisory Private Limited Mr. Arvind Gupta (Chief Financial Officer) Dr. Rahul Porwal Ph: +91-22-67743555 Tel : +91-22-40030610 / + 91 9967576900 Email: arvind.gupta@jkumar.com Em