G R Infraprojects Ltd. · NSE:GRINFRA
G R Infraprojects — Q2 FY2023 Earnings Presentation
33 slides from G R Infraprojects's earnings presentation, Nov 11, 2022
Slide 1: Stock exchange filing cover letter
11th November 2022 To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C-1 Dalal Street, Fort G Block, Bandra-Kurla Complex, Bandra(E) Mumbai – 400001 Mumbai -400051 Scrip Code: 543317 Symbol: GRINFRA Sub: Investor Presentation on the financial
Slide 2: Getting People Places, Faster
G R Infraprojects Limited Getting People Places, Faster Company Presentation Getting People Places, Faster Quarter 2 Financial Year 23
Slide 3: Context
Context Disclaimer Imphal - Moreh Project Page 3 1 Highlights: Q2 FY 23 Page 6 2 What we do and key milestones 3 Page 15 Overview – Historical data 4 (Financial & Operational) Page 22 5 Awards Page 30 2
Slide 4: Disclaimer (1/2)
Disclaimer (1/2) This presentation is issued by G R Infraprojects Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any particular person. This presentation does not constitute or form part of any offe
Slide 5: Disclaimer (2/2)
Disclaimer (2/2) The information contained in these materials has not been independently verified. None of the Company, its subsidiaries, its joint ventures, its directors or affiliates or associates, as applicable, nor any of its or their respective employees, advisers or representatives or any oth
Slide 6: Highlights: Q2 FY 23
Highlights: Q2 FY 23 Page 1 Sidhi Ganeshpur - Sansarpur Project
Slide 7: QoQ Highlights YoY Highlights
Q2 FY 23 Total Income (Rs in Mn) EBITDA Margin (%) & EBITDA (Rs in Mn) PAT Margin (%) & PAT (Rs in Mn) QoQ Highlights 19.64% 14.63% 12.96% 9.25% (27.09%) (46.55%) 25,086 (48.82%) 18,291 4,864 3,211 2,600 1,643 Q1 2023 Q2 2023 Q1 2023 Q2 2023 Q1 2023 Q2 2023 Total Income (Rs in Mn) EBITDA Margin (%)
Slide 8: H1 FY 23 income and EBITDA
H2 FY 23 Total Income EBITDA 75000 15000 70000 16.26% 17.55% 65000 12500 60000 55000 50000 10000 45000 43377.1 38967.89 40000 7463.93 7500 35000 6232.83 30000 25000 5000 20000 15000 2500 10000 5000 0 0 Total Income EBITDA H2 FY 22 H2 FY 23 H2 FY 22 H2 FY 23 Note: 1) All data on a Standalone basis. 7
Slide 9: Working capital days and debt to equity
Q2 FY 23 Net Working Capital Days Debt to Equity Ratio & Net Debt to Equity Ratio (including Mob. Advances) 1.40 1.24 77 Days 85 Days 1.20 1.13 1.11 1.14 1.06 0.99 46 46 1.00 1.05 0.96 39 0.80 0.91 0.91 0.89 38 0.83 35 31 0.60 31 0.45 28 0.40 0.34 0.31 0.27 0.28 0.24 0.20 0.29 0.23 0.21 0.22 0.17 0.
Slide 10: Standalone Profit and Loss Statement (Rs in Millions)
Standalone Profit and Loss Statement (Rs in Millions) A B C D E F Particulars Q2 Q1 Q2 H2 H2 FY FY 22-23 FY 22-23 FY 21-22 FY 22-23 FY 21-22 2021-22 Income Revenue from operations 17,771.74 24,766.84 16,994.79 42,538.58 38,326.56 79,191.75 Other income 519.02 319.50 339.38 838.52 641.33 1,324.02 Tot
Slide 11: Consolidated Profit and Loss Statement (Rs in Millions)
Consolidated Profit and Loss Statement (Rs in Millions) A B C D E F Particulars Q2 Q1 Q2 H2 H2 FY FY 22-23 FY 22-23 FY 21-22 FY 22-23 FY 21-22 2021-22 Income Revenue from operations 21,363.60 26,921.52 18,823.77 48,285.13 41,468.62 84,583.48 Other income 252.89 137.57 178.85 390.46 278.39 666.18 Tot
Slide 12: Consolidated Debt
Debt Breakup (Fund Based) as on September 30, 2022 Particulars Rs. In Million STANDALONE DEBT Debentures 8,120.85 22% Standalone Debt Term Loan 690.83 DEBENTURES Working Capital 298.01 3% TERM LOAN Mobilization Advance 2,593.32 WORKING CAPITAL Total Debt 11,703.01 6% MOBILISATION ADVANCE #Cash and B
Slide 13: Concession Agreements & Financial Closures
Development during the Year – Execution of Concession/ Share Purchase Agreements & Financial Closures Date of Concession Date of Financial S. No. Name of SPV Agreement / Share Closure Purchase Agreement* 1 GR Ujjain Badnawar Highway Private Limited May 10, 2022 August 8, 2022 2 GR Govindpur Rajura H
Slide 14: Portfolio of HAM / Transmission Projects
Portfolio of HAM / Transmission Projects Under Construction / Appointed Date Operational Development awaited (9) (9) (6) • Reengus-Sikar • Aligarh-Kanpur • Amritsar Bathinda Corridor • Nagaur-Mukundgarh • Ena-Kim • Ludhiana-Rupnagar • Phagwara-Rupnagar • Shirsad-Masvan • Bandikui-Jaipur Corridor • P
Slide 15: Robust Order Book
Robust Order Book Order book as on September 30, 2022 is Rs 1,56,298.59 Million* Project Mix Client Wise Distribution State Wise Distribution 0% 2% 4% 2% 4% 3% 10% 9% 2% 5% Andhra Pradesh 9% 11% Bihar Chhatisgarh 7% Gujarat EPC NHAI 10% Madhya Pradesh HAM REC Maharashtra Punjab Railways OTHERS 21% R
Slide 16: What we do & Key Milestones
What we do & Key Milestones 15
Slide 17: GRIL – Our Business
GRIL – Our Business TRANSMISSION RAILWAYS & EMULSION/ HIGHWAYS METRO PMB ROAD SIGNAGES AND MARKING PAINT BRIDGES METAL CRASH BARRIER 16
Slide 18: Key Milestones
Key Milestones 2021- • Achieved PCOD for first NHAI HAM 2022 project, Phagwara – Rupnagar • First HAM project awarded with Bid Project Cost • Successful listing of the Company on of ₹ 13,670.0 Mn 2016- BSE and NSE on July 19, 2021 • Divestment of equity stake in - Jodhpur Pali 2019 • Entry into Tran
Slide 19: Overview – GRIL Snapshot
Overview – GRIL Snapshot An Integrated EPC Company, with proven track record of timely project execution over last 25 years. Presence in 16 States 4 Manufacturing Units 8000+ plant & 17,000+ employees equipment Dedicated repair & Rating AA (Stable) maintenance workshop CRISIL & CARE All figures are
Slide 20: Committed to growth, with purpose
Committed to growth, with purpose FOCUSED MARKET Construction STRATEGIES Environment We understand the nations We show our care for the need, design it through environment through CSR perfection and build it to FOCUSED EPC GROWING initiatives dreams EXPAND THE PORTFOLIO TOGETHER WITH PLAYER OUR NATI
Slide 21: Strong Board with diverse experience
Strong Board with diverse experience Vinod Kumar Agarwal : Chairman and Wholetime Director He has over 25 years of experience in the road construction industry. He has been a Director on our Board since incorporation of our Company and has been instrumental in the growth of our Company. He looks aft
Slide 22: Strong Board with diverse experience
Strong Board with diverse experience Kalpana Gupta : Non-Executive Independent Director She is an associate of the Indian Institute of Bankers. In addition, she has been certified by the National Institute of Securities Markets for the completion of the securities markets foundation certification ex
Slide 23: Overview- Historical Data (Financial & Operational)
Overview- Historical Data (Financial & Operational)
Slide 24: Overview- Historical Financial Data
Overview- Historical Financial Data Revenue From Operations (Rs in Mn) EBITDA* (%) / EBIDTA (Rs in Mn) 21.42% 21.81% 79,192 19.50% 19.82% CAGR: 17.56% 72,445 26.34% CAGR: 22.57% 60,278 14,379 14,135 13,350 49,502 10,748 31,081 6,263 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2018 FY 2019 FY 2020 FY
Slide 25: Overview- Historical Financial Data
Overview- Historical Financial Data PAT (Rs in Mn) / PAT Margin (%) Net Cash Flow (Used In)/ from operating Activities (Rs in Mn) 8,312 12.63% 11.87% 11.25% CAGR: 10.59% 17.50% 6,516 7,608 5,606 7,806 9.45% 5,957 6,888 4,199 3,992 (41) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2018 FY 2019 FY 2020
Slide 26: Overview- Historical Financial Data
Overview- Historical Financial Data Net Debt/ Equity & Net Debt Fixed Assets Turnover (x) Return Ratios (%) /EBITDA (x) 6.54 6.27 0.88 0.82 6.26 6.35 0.83 32.4% 5.73 0.70 29.8% 29.0% 29.9% 27.7% 24.3% 26.9% 24.1% 0.42 0.42 20.5% 0.36 0.33 19.1% 0.23 0.20 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21
Slide 27: Overview- Historical Operational Data
Overview- Historical Operational Data Employee Count Order Book* (Rs.in Mn) 1,70,526 1,48,799 17721 1,31,039 16333 1,18,648 1,17,143 12956 11149 7321 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Employee Count Order Book *excluding gst 26
Slide 28: Strong focus on Quality Execution
Strong focus on Quality Execution Design and engineering (Centralized): Continuous improvements are made on the designs in coordination with the Project Management Team (PMT) Manufacturing (In-house across the country): Supply is synchronized with site progress and product specifications are finaliz
Slide 29: Leveraging operating efficiencies from vertical integration
Leveraging operating efficiencies from vertical integration THREE KEY STEPS IN VALUE CHAIN IN-HOUSE MANUFACTURING FACILITIES PMB, Emulsion facility & Enables efficient Road Signages, Udaipur. In-House Design & Capacity: 30,000MT designs & quick Engineering Team Emulsion Facility, changes Sandila Cap
Slide 30: Strong Pan-India Presence
Strong Pan-India Presence MARKET PRESENCE IN 19 STATES OF INDIA HIGHLIGHTS • Track-record of executing national and state highways, bridges, culverts, flyovers, tunnels and rail over-bridges 3 2 1 0 2 0 • Since 2006, has executed more than 100 road construction 1 0 5 7 projects and more than 20 HAM
Slide 31: Awards and Accolades
• Awards and Accolades
Slide 32: Awards and Accolades
Awards and Accolades Best Construction Best Construction Achievement Award for Achievement Award for Project, Faridkot- Project, Jaisalmer- Best Construction Best Construction Projects Kotakpura Barmer Projects Handia Varanasi Varanasi Ring Road 2021 Fastest Growing Construction Medal and Scroll of
Slide 33: Thank You
G R Infraprojects Limited Getting People Places, Faster Company Presentation Getting People Places, Faster Thank You Anand Rathi, CFO Plot No.18, Novus Tower, Sector-18 Gurugram, Haryana-122015, 0124-6435000