Slide 1: Exchange filing cover letter
KNR Constructions Limited. Date: 11th August 2022 Ref: KNRCL/SD/2022/445&446 To, To, The Manager The Manager, BSE Limited, National Stock Exchange of India Limited, P J Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Fort, Mumbai – 400001 Bandra (E), Mumbai – 400051. Scrip code: 532942 S
Slide 2: KNR Constructions Limited Investors Presentation August 2022
ALIGNED TO THE NATION’S INTEREST KNR CONSTRUCTIONS LIMITED Investors Presentation August 2022
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by KNR Constructions 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 secu
Slide 4: Key Highlights & Result Update
Key Highlights & Result Update
Slide 5: Standalone Financial Highlights Quarter 1
Standalone Financial Highlights Rs. Million Revenue EBITDA EBITDA Margins PAT +20% +15% -90 bps +38% 8,906 1,650 19.4% 1,009 18.5% 1,433 7,400 730 Quarter 1 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 4
Slide 6: Standalone Financial Results
Standalone Financial Results Standalone Rs. Million Q1 FY23 Q1 FY22 YoY Q4 FY22 QoQ Total Revenue 8,905.9 7,399.8 20% 10,107.4 -12% Operating Expenses 6,390.6 5,004.5 7,049.7 Employees Expenses 385.7 335.0 409.7 Other Expenditure 479.8 627.3 568.1 EBITDA 1,649.8 1,433.0 15% 2,079.9 -21% EBITDA margi
Slide 7: Consolidated Financial Results
Consolidated Financial Results Consolidated Rs. Million Q1 FY23 Q1 FY22 YoY Q4 FY22 QoQ Total Revenue 9,804.5 8,070.9 21% 11,020.8 -11% Operating Expenses 6,413.8 5,046.7 7,094.6 Employees Expenses 398.0 336.4 418.2 Other Expenditure 880.1 660.7 719.4 EBITDA 2,112.6 2,027.1 4% 2,788.6 -24% EBITDA ma
Slide 8: Standalone Net Working Capital Days
Standalone Net Working Capital Days 82 79 69 63 48 53 60 53 52 57 52 55 40 43 41 36 45 28 28 26 23 25 18 20 19 20 20 20 18 16 16 15 15 15 17 16 13 14 14 7 98 10 66 45 64 51 74 53 39 12 45 40 78 117 95 70 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Jun-2
Slide 9: Business Overview
Business Overview
Slide 10: Business Overview
Business Overview ❑ One of the leading companies providing Engineering, Procurement and Construction (EPC) services ▪ Major Projects in Roads & Highways – one of the fast-growing sectors ▪ Established presence in Irrigation and Urban Water Infrastructure Management Vision ❑ 20+ years of experience o
Slide 11: Transformation
Transformation Bagged 1st BOT Project in Bagged an EPC Project worth Incorporated & Karnataka worth Rs. 4,420 mn; Bagged 2nd BOT project IPO & Listed on Rs. 9,371 mn for Madurai – 1995 Commenced EPC 2006 Entry into Urban water 2007 worth Rs.5,920mn in 2008 BSE and NSE 2013 Ramanathapuram Section of
Slide 12: Top Management
Top Management Mr. K. Narasimha Reddy – Mr. K. Jalandhar Reddy – Founder Promoter & Managing Director Promoter & Executive Director ▪ Over 50 years of experience in the Highway sector ▪ Over 25 years of experience in the Highway and ▪ Started career in 1968 and engaged in the business of infrastruct
Slide 13: Supported by Professional Team
Supported by Professional Team ▪ A Bachelor of Engineering (BE) from MITS Gwalior (MP) with Over 35 years of total experience with ~20 years of Mr. T.L. Verma experience in Highway sector (Sr. Vice President - Projects) ▪ Working with the company since 2006 on various projects i.e. Bridges and Highw
Slide 14: Key Business Strengths
Key Business Strengths
Slide 15: 1. Project Execution Capabilities
1. Project Execution Capabilities ❑ Top management’s active involvement at all stages of Project execution ▪ Selection of Major Raw Material ▪ Selection of construction Camp location ❑ Faster Decision making to ensure project completion on schedule ❑ Received Bonus for completion of construction ahe
Slide 16: Pan India Project Execution Capability
Pan India Project Execution Capability* Sr. No. State No. of Projects Project Value (Rs. Mn) 1 Tamil Nadu 12 36,530 2 Karnataka 13 17,149 Arunachal Haryana Pradesh 3 Kerala 2 17,068 Assam 4 AP & Telangana 27 13,099 Uttar Pradesh 5 Madhya Pradesh 5 5,189 Gujarat 6 Uttar Pradesh 10 4,549 Madhya Prades
Slide 17: Project Execution Highlights
Project Execution Highlights Cement Concrete Road ▪ Completed Widening to 4/6 lanes and Strengthening of Existing two lane carriageway of NH – 5 in the State of Orissa for a length of 56.0 Kms with total contract value of work is Rs 2,310 mn ▪ Existing road was widened & strengthened with flexible p
Slide 18: 2. In-house Construction Equipment
2. In-house Construction Equipment Sr. No. Machinery Quantity Sr. No. Machinery Quantity 1 Tippers & Tankers 1,302 15 Crushers 31 2 Excavators 400 16 Light Soures 26 3 Generators 260 17 Trailers 29 4 Concrete Mixers And Pumps 195 18 Dozers 28 5 Compactors 139 19 Compressors 63 6 Loaders 102 20 Trans
Slide 19: 3. In-house Execution Team
3. In-house Execution Team 5% Total Employees* Project Engineering 2,210 28% Site Supervision 39% Site Engineers 8% Equipment Operators Admin & Office Staff 20% IN-HOUSE TEAM OF QUALIFIED AND EXPERIENCED EMPLOYEES LED BY PROVEN MANAGEMENT TEAM * as on June 30, 2022 18
Slide 20: 4. Host of Marque Clients
4. Host of Marque Clients National Andhra Pradesh Ministry of Hyderabad Karnataka Karnataka Road Highways Road Development Road Transport Growth State Highway Development Authority of Corporation & Highways Corridor Improvement Corporation India (NHAI) (APRDC) (MoRTH) Limited (HGCL) Project (KSHIP)
Slide 21: BOT Portfolio
BOT Portfolio
Slide 22: BOT Portfolio – Annuity Projects
BOT Portfolio – Annuity Projects Particulars Patel KNR Infrastructures limited (PKIL) Patel KNR Heavy Infrastructures Limited (PKHIL) Stake 40% 40% Project Details Project Type Road-Annuity Road-Annuity State Karnataka Telangana JV Partner PEL PEIL Client NHAI NHAI Length (KM) 60.0 53.0 Concession S
Slide 23: BOT Portfolio – Toll Project
BOT Portfolio – Toll Project Particulars KNR Muzaffarpur Barauni Tollway Private Limited Stake 51% Project Type Road-Toll Project Details State Bihar JV Partner JKM Infra Project Ltd Client NHAI No of Lanes Two Length(KM) 108 Concession Start Date 8th July 2012 Concession Period 21 Years Terms Sched
Slide 24: HAM Portfolio (1/2)
HAM Portfolio (1/2) Trichy to Chittor to Ramsanpalle to Magadi to Oddanchatram to Particulars Kallagam Mallavaram Mangloor Somwarpet Madathukulam KNR Srirangam Infra KNR Tirumala Infra KNR Shankarampet Projects KNR Somwarpet Infra KNR Palani Infra SPV Name Private Limited Private Limited Private Lim
Slide 25: HAM Portfolio (2/2)
HAM Portfolio (2/2) Particulars Ramanattukara to Valanchery Valanchery to Kappirikkad Chittor to Thatchur KNR Ramanattukara Infra Private SPV Name KNR Guruvayur Infra Private Limited KNR Ramagiri Infra Private Limited Limited Stake 100% 100% 100% Project Detail Project Type Hybrid Annuity Hybrid Ann
Slide 26: Divestment of SPVs
Divestment of 3 SPVs Total Equity Invested Total Consideration to be Consideration (Rs. Mn) Particulars (Rs. mn) received (Rs. mn) For 49% For 51% KNR Tirumala Infra Pvt Ltd* 1,368.1 (SPA Signed: 11th Feb’19) 1.616.8 1.19 times 1,929.8 561.7 KNR Shankarampet Projects Pvt Ltd* 1,085.1 376.6 (SPA Sign
Slide 27: Order Book & Business Strategy
Order Book & Business Strategy
Slide 28: Order-book Highlights
Order-book Highlights Key Projects Rs. Mn Order Book Break-up Ramanattukara to Valanchery bypass project (HAM) 16,475 42% Valanchery Bypass to Kappirikkad project (HAM) 14,936 44% 56% Bangalore-Mangalore Project (Periya Shanthi to Bntwal) 11% 9,180 (EPC) 3% Elevated Highway along Avinashi Road in Co
Slide 29: Recently Won Projects
Recently Won Projects Rs. million 7,650 93,509 Rs. Million New Projects (Excluding GST) Six laning of Chittoor – Thatchur section (Package 3) in the state of Andhra Pradesh and Tamil Nadu on Hybrid Annuity Mode under 7,650 Bharatmala Pariyoiana 85,859 Total 7,650 Orderbook as on Not included in Tota
Slide 30: Orderbook Breakup- Rs. 93,509 Mn
Orderbook Breakup- Rs. 93,509 Mn Order Book Break-up 39% 48% 52% 10% 3% Captive (HAM Projects) State Govt. Central Govt. Others Segment Wise Split Region Wise Split Roads Irrigation (Others) 24% 28% South 100% Roads (HAM) 48% 29
Slide 31: Order-book: State-wise
Order-book: State-wise Karnataka No of Projects 5 Balance Value Rs. 13,594 mn AP & Telangana No of Projects 14 Kerala Balance Value Rs. 26,289 mn No of Projects 3 Balance Value Rs. 31,567 mn Tamil Nadu No of Projects 6 Balance Value Rs. 14,409 mn Disclaimer: Maps not to scale. All data, information,
Slide 32: Business Strategy
Business Strategy Focus on Projects involving Higher degree of engineering skills 03 Focus on securing EPC Continuously explores contracts from reputed growth opportunities by Clients and forming strategic Joint Concessionaire Ventures (JVs) 02 04 Capitalise on Opportunity Execute all the projects o
Slide 33: Financial Highlights
Financial Highlights
Slide 34: Standalone Financial Highlights
Standalone Financial Highlights Financial Year 2010* 2011* 2012* 2013* 2014* 2015* 2016^ 2017^ 2018^ 2019^ 2020^ 2021^ 2022^ Rs. 7,125 Rs. 7,930 Rs. 7,505 Rs. 6,921 Rs. 8,348 Rs. 8,761 Rs. 9,025 Rs. 15,411 Rs. 19,317 Rs.21,373 Rs. 22,442 Rs. 27,026 Rs. 32,726 Turnover $118.6 $132.0 $125.0 $115.2 $13
Slide 35: Standalone Financial Results
Standalone Financial Results Standalone Rs. Million FY22 FY21 YoY Total Revenue 32,726.0 27,026.3 21% Operating Expenses 21,972.1 17,364.3 Employees Expenses 1,447.7 1,320.9 Other Expenditure 2,528.8 2,982.7 EBITDA 6,777.4 5,358.4 26% EBITDA margin 20.7% 19.8% 90 bps Other Income 416.8 496.5 Depreci
Slide 36: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. Million) Mar-22 Mar-21 EQUITY & LIABILITIES (Rs. Million) Mar-22 Mar-21 Non-Current Assets Equity Property, plant and equipment 4,143.9 3,376.8 Capital work-in-progress 206.2 23.8 Equity Share capital 562.5 562.5 Right of Use Asset 93.1 14.7 Other equity 21,857.2
Slide 37: Consolidated Financial Results
Consolidated Financial Results Consolidated Rs. Million FY22 FY21 YoY Total Revenue 36,058.3 29,036.4 24% Operating Expenses 22,265.7 17,489.8 Employees Expenses 1,460.5 1,331.3 Other Expenditure 4,345.5 3,220.8 EBITDA 7,986.6 6,994.5 14% EBITDA margin 22.1% 24.1% -193 bps Other Income 448.7 516.2 D
Slide 38: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Million) Mar-22 Mar-21 EQUITY & LIABILITIES (Rs. Million) Mar-22 Mar-21 Non-Current Assets Property, plant and equipment 4,579.5 3,403.3 Equity Capital work-in-progress 206.2 23.8 Equity Share capital 562.5 562.5 Right of Use Asset 93.1 14.7 Instruments entirel
Slide 39: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Particulars (Rs. Million) FY22 FY21 FY22 FY21 Net Profit Before Tax 5,787.9 3,811.3 5,633.8 5,197.9 Adjustments for: Non-Cash Items / Other Investment or Financial Items 1,130.1 1,959.3 1,847.0 1,022.5 Operating profit before working capital changes 6,917.
Slide 40: Standalone Financial Highlights
Standalone Financial Highlights Revenue & EBITDA (Margin %) EBITDA 15.7% 17.1% 17.8% 16.8% 15.1% 14.4% 16.9% 14.9% 19.9% 20.0% 21.7% 19.8% 20.7% Margin (%) 32,726 27,026 21,373 22,442 19,317 15,411 EBITDA 9,026 7,125 7,930 7,505 6,921 8,348 8,761 6,777 Revenue 3,839 4,270 4,871 5,358 1,121 1,356 1,3
Slide 41: Shareholding Pattern as on 30th June 2022
Shareholding Pattern as on 30th June 2022 Shareholders Holding more than 1% of the Equity % to Equity (Other than Promoters) 9.36% DSP Mutual Fund 6.60% HDFC Mutual Fund 6.47% SBI Mutual Fund 2.75% ICICI Mutual Fund 2.06% L&T Mutual Fund 2.00% 33.28% 51.63% Franklin Templeton Mutal Fund 1.80% Invesc
Slide 42: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : KNR Constructions Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L74210TG1995PLC130199 CIN: U74140MH2010PTC204285 Mr. K. Venkata Ram Rao Mr. Jigar Kavaiya / Mr. Chinmay Madgulkar (GM - Finance & Accounts) +91-9920602034 /