Slide 1: Presentation Update letter to stock exchanges
November 1, 2021 To, To, National Stock Exchange of India Limited, BSE Limited, Listing Department, The Department of Corporate Services Exchange Plaza, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra (E), Mumbai – 400 051 Fort, Mumbai 400 001 Ref Symbol: VASCONEQ Ref: Scrip Code: 533156 Dear Sir/ M
Slide 2: Investor Presentation | November 2021
INVESTOR PRESENTATION | November 2021
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vascon Engineers 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 sec
Slide 4: Key Business Highlights – Q2 FY22
1,915 Crs. 1,838 Crs. Total Order Book External EPC Order Book Forming healthy Order Book of Higher contribution by Government 6.3x FY21 EPC revenues projects KEY BUSINESS ~80% 13,373 Sqft HIGHLIGHTS – Govt. Project (%) Real Estate Q2 FY22 Providing visibility of faster New Sales Booking in H1FY22 f
Slide 5: Other Key Developments
Other Key Developments Building-up the Order Book Liquidating Non-core Assets • Signed MOU for the sale of stake held in Hotels at • Received Letter of Award (LOA) from Goa Government of Goa Goa for the development of ‘Development of International Convention • Sale of 43.34% stake held by Vascon Eng
Slide 6: Execution Momentum pacing up…
Execution Momentum pacing up… REVENUE FROM OPERATIONS (RS CRS) 135 119 In Q2FY22, business started to 105 resume normalcy as Covid-19 took a 93 back seat 78 All projects are operating at an optimum level, which enabled faster project execution and resulted in better revenue generation Execution to f
Slide 7: Strengthening the Balance Sheet
Strengthening the Balance Sheet Particular (Rs in Crs) Sep-21 Mar-21 Mar-20 Vascon Engineers SBI / UBI / CSB 75.35 58.76 66.48 Kotak RE Fund 54.89 70.69 103.83 JM Finance 24.19 24.74 17.62 ICICI HFC 8 8.54 9.51 Zero Coupon-NCD - 13.64 13.64 Others 21.48 21.14 25.26 Total 183.91 197.5 236.33 GMP 21.1
Slide 8: Successfully Raised Rs. 70 Crs. via Preferential Issue
Successfully Raised Rs. 70 Crs. via Preferential Issue Amount Raised • Rs. 70 crores Key Investors • Strategic Group of Investors • Repayment of High Cost bearing Debt Utilization of Funds • Financing of Incremental Working Capital Requirements THE COMPANY SUCCESSFULLY RAISED RS. 70 CRORES THROUGH P
Slide 9: Charting towards higher Growth Trajectory
Charting towards higher Growth Trajectory Robust Order Improved Capacity Higher Cashflow Strengthening the Book Utilization Generation Balance Sheet The Order Book has Execution of Current Leading to improved Repayment of debt by grown 2x from FY19, Order Book to enhance Profitability thereby, incre
Slide 10: P&L Highlights- Q2 FY22
P&L Highlights- Q2 FY22 Standalone Consolidated Particulars (Rs. Crs) Q2 FY22 Q2 FY21 H1 FY22 H1 FY21 Q2 FY22 Q2 FY21 H1 FY22 H1 FY21 Revenue 117.82 89.36 192.88 121.7 159.42 118.94 270.29 161.71 Other Income 1.22 3.66 4.38 6.85 1.71 4.5 5.11 7.07 Total Income 119.04 93.02 197.26 128.55 161.13 123.4
Slide 11: H1FY22- Segmental Profit & Loss - after allocation
H1FY22- Segmental Profit & Loss - after allocation Particulars (Rs. Cr) RE# EPC## GMP Inventorised Total Revenue 36.63 196.01 77.81 310.45 Cost of Sales 24.78 163.31 51.86 3.34 243.29 Gross Profit 11.85 32.7 25.95 67.16 Gross Profit Margin % 32% 17% 33% 22% Other Income 0.67 3.07 1.17 4.91 Employee
Slide 12: Balance Sheet- Consolidated
Balance Sheet- Consolidated Rs. Cr Sep– 21 Mar– 21 Rs. Cr Sep– 21 Mar– 21 Non-current assets 328.54 316.93 Shareholder’s Fund 712.13 709.16 Fixed assets 104.72 98.72 Share capital 186.14 182.14 Financial Assets 180.77 182.19 Other Equity 515.89 517.02 Non Controlling Interest 10.1 10 Other Non Curre
Slide 13: Business Overview
BUSINESS OVERVIEW ae VASCON
Slide 14: VASCON – At a Glance
VASCON – At a Glace ENGINEERING PROCUREMENT & CONSTRUCTION One of the leading EPC Company in India REAL ESTATE DEVELOPMENT Focus on Mid-Range Housing Project 13
Slide 15: EPC Business- Overview
EPC Business- Overview Construction Experience across various verticals Executed over 200 projects with construction area of over 50 msft Ability to execute around 8 msft per annum Currently executing around 3 msft p.a. – operating at 40% utilization Number of Personnel in Project / Engine
Slide 16: Marquee Clients
Marquee Clients MAINTAINING CONSISTENT QUALITY STANDARDS ENSURING REPEAT ORDERS 15
Slide 17: Order Book Build-Up & Key Orders
Order Book Build-Up & Key Orders Project Location Amt (Rs. Cr) (In Rs. Cr) External Order book 2060 2,109 90 Maharashtra State Police Housing Mumbai 350 107 1,915 PWD, Raipur Raipur 260 77 Hospital - Kaushambi Kasuhambi, UP 237 Hospital - Bijnor Bijnor, UP 216 Metro Rail Depot Bangalore 121 MMRC Mum
Slide 18: Real Estate Development
REAL ESTATE DEVELOPMENT ae VASCON
Slide 19: Real Estate Business
Real Estate Business BRAND EQUITY Landmark developments (Windermere, Forest County and Willows) have established the Brand Vascon in Pune Market END-TO-END CAPABILITIES In-house Design and Construction team gives us a unique advantage over other Real Estate Developers LOW OPERATING COST Flat organiz
Slide 20: Successfully launched Real estate projects
Successfully launched Real estate projects REAL ESTATE SALES (RS CR) Vascon Dev. Area Projects Launch Status Share (msft) 116 120 Forest Edge (JV) A 50% 0.08 18-Jan Fully Sold Forest Edge (JV) B 50% 0.08 19-Sep 95% sold Windermere (JV)# 45% 0.38 18-Mar 74% sold Vascon Goodlife – Value Home 100% 0.3
Slide 21: Current Real Estate Projects Under Development
Current Real Estate Projects Under Development Total Vascon Share Project Name Location Vascon Share Rev. Project Area Sale Collectio Sale Collection Recognize Area Sold Value n Value d Type Share msft msft Rs. Cr Rs. Cr Rs. Cr Rs. Cr Rs. Cr Forest Edge (A&B) Pune JV 50% 0.16 0.15 108 76 54 38 26 Fo
Slide 22: Real Estate Projects – Pipeline (launches in Near-term)
Real Estate Projects – Pipeline (launches in Near-term) Sr. No. Projects Type Segment Total Vascon Share Saleable Expected Saleable Expected Area Sales Value Area Sales Value msft (Rs. in Cr) msft (Rs. in Cr) 1 Coimbatore JDA Residential 0.3 195 0.21 136 2 Madurai JDA Residential 0.49 220 0.37 165 3
Slide 23: Real Estate Projects – Pipeline (other projects)
Real Estate Projects – Pipeline (other projects) Sr. No. Projects Type Segment Total Saleable Expected Area Sales Value msft (Rs. in Cr) 1 Willows – Residential JV Residential 0.33 250 2 Kalyani Nagar - Comm JDA Commercial 0.3 330 3 Kalyani Nagar JDA Residential 0.5 550 Total 1.13 1,130 22
Slide 24: Continuous focus on Liquidity Management
Continuous focus on Liquidity Management • RAISED RS 70 CR THROUGH PREFERENTIAL ISSUE • SIGNED MOU FOR THE SALE OF STAKE HELD IN HOTELS AT GOA FOR CONSIDERATION OF RS. 45.50 CRS REMAINING NON-CORE ASSETS IDENTIFIED FOR SALE • COMMERCIAL PROPERTY AT KALEDONIA, ANDHERI (E) • 9 ACRE LAND PARCEL IN AURA
Slide 25: Thank You!
THANK YOU! Mr. Punit Bhayani Mr. Gaurang Vasani/ Ms. Hina Agarwal punit@vascon.com vgaurang@stellar-ir.com hina@stellar-ir.com Vascon Weikfield Chambers, Pune - 411014 Kanakia Wall Street, Andheri (East), Mumbai 400 093