Slide 1: KNR Constructions Limited Investor Presentation August 2021
KNR Constructions Limited Investor Presentation August 2021 25 Years and Beyond…
Slide 2: 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 3: Key Highlights & Result Update
Key Highlights & Result Update
Slide 4: Quarterly Key Highlights
Quarterly Key Highlights ❑ New Order inflow ✓ The Company Received 1 NHAI HAM Projects for a value of Rs. 10,415 Million (BPC) ❑ PCOD ✓ One of the SPV i.e KNR Tirumala Infra Pvt Ltd achieved PCOD as 10th May 2021, which is 142 days ahead of schedule (Including 90 days Extension of Time) and eligible
Slide 5: Financial Highlights Quarter 1
Financial Highlights Rs. Million Revenue EBITDA EBITDA Margins PAT +54% +52% -30 bps +83% 7,400 1,433 19.7% 19.4% 730 Quarter 1 4,794 943 398 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 5
Slide 6: Standalone Financial Results
Standalone Financial Results Rs. Million Q1 FY22 Q1 FY21 YoY Q4 FY21 QoQ Total Revenue 7,399.8 4,793.7 54% 9,357.9 -21% Operating Expenses 5,004.5 3,150.1 6,077.2 Employees Expenses 335.0 277.6 348.3 Other Expenditure 627.3 422.6 1,110.4 EBITDA 1,433.0 943.3 52% 1,821.9 -21% EBITDA margin 19.4% 19.7
Slide 7: Consolidated Financial Results
Consolidated Financial Results Rs. Million Q1 FY22 Q1 FY21 YoY Q4 FY21 QoQ Total Revenue 8,070.9 5,225.3 54% 9,905.2 -19% Operating Expenses 5,046.7 3,173.3 6,134.8 Employees Expenses 336.4 281.4 349.6 Other Expenditure 660.6 469.7 1,204.2 EBITDA 2,027.2 1,300.8 56% 2,216.6 -9% EBITDA margin 25.1% 2
Slide 8: Standalone Net Working Capital Days
Standalone Net Working Capital Days 82 79 69 66 52 48 53 53 55 52 40 43 41 36 45 40 28 26 23 18 20 19 20 20 20 20 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 86 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Jun-21 Inventory Debtors
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 Incorporated & Karnataka worth Rs. 4,420 mn; Bagged 2nd BOT project IPO & Listed on 1995 Commenced EPC 2006 Entry into Urban water 2007 worth Rs.5,920mn in 2008 BSE and NSE Business Infrastructure with contract in Telangana Bangalore Bagged an EPC Project wor
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 1,172 15 Weigh Bridges 41 2 Excavators 337 16 Crushers 30 3 Generators 235 17 Dozers 28 4 Concrete Mixers And Pumps 158 18 Light Soures 26 5 Compactors 131 19 Trailers 26 6 Loaders 91 20 Tran
Slide 19: 3. In-house Execution Team
3. In-house Execution Team 5% Total Employees* Project Engineering 2,176 29% Site Supervision 38% Site Engineers 10% Equipment Operators Admin & Office Staff 18% IN-HOUSE TEAM OF QUALIFIED AND EXPERIENCED EMPLOYEES LED BY PROVEN MANAGEMENT TEAM * as on June 30, 2021 19
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
HAM Portfolio Trichy to Chittor to Ramsanpalle to Magadi to Oddanchatram to Particulars Kallagam Mallavaram Mangloor Somwarpeth Madathukulam KNR Srirangam Infra KNR Tirumala Infra KNR Shankarampet Projects KNR Somwarpeth Infra KNR Palani Infra SPV Name Private Limited Private Limited Private Limited
Slide 25: Details of SPA with Cube
Details of SPA with Cube^ Total Equity Cube’s Equity Share KNR’s Equity Share Consideration for KNR’s Particulars (Rs. mn) (49%) (Rs. mn) (51%) (Rs. mn) 51% stake (Rs. mn)* KNR Sriranagm Infra Pvt Ltd 471.5 490.8 736.1 (SPA Signed: 28th Jan’19) 962.3 1.50 times KNR Tirumala Infra Pvt Ltd 701.9 730.6
Slide 26: Order Book & Business Strategy
Order Book & Business Strategy
Slide 27: Order-book Highlights
Order-book Highlights Key Projects Rs. Mn Order Book Break-up Elevated Highway along Avinashi Road in Coimbatore City 9,759 (EPC) Magadi to Somwarpeth Project (KSHIP HAM) 5,417 65% 22% 78% Cheyyur-Panayur Road (EPC) 5,390 11% Oddanchatram to Madathukulam Project (HAM) 4,550 2% Captive (HAM Projects)
Slide 28: Recently Won Projects
Recently Won Projects Rs. million 50,829 1,16,789 Rs. Million New Projects (Excluding GST) Six laning from start of Valanchery Bypass to Kappirikkad Section in the 15,950* state of Kerala on Hybrid Annuity Mode under Bharatmala Pariyojana Six laning of Ramanattukara Junction to start of Valanchery b
Slide 29: Orderbook Breakup
Orderbook Breakup- Rs. 1,16,789 Mn Order Book Break-up 37% 47% 53% 10% 6% Captive (HAM Projects) State Govt. Central Govt. Others Segment Wise Split Region Wise Split Roads (Others) Irrigation 27% 26% South 100% Roads (HAM) 47% 29
Slide 30: Order-book: State-wise
Order-book: State-wise Karnataka No of Projects 5 Balance Value Rs. 8,019 mn AP & Telangana No of Projects 13 Kerala Balance Value Rs. 35,271 mn No of Projects 1 Balance Value Rs. 159 mn Tamil Nadu No of Projects 8 Balance Value Rs. 22,511 mn Disclaimer: Maps not to scale. All data, information, and
Slide 31: 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 32: Financial Highlights
Financial Highlights
Slide 33: Standalone Financial Results
Standalone Financial Results Rs. Million FY21 FY20 YoY Total Revenue 27,026.3 22,442.4 20% Operating Expenses 17,364.3 13,550.0 Employees Expenses 1,320.9 1,252.2 Other Expenditure 2,982.7 2,769.5 EBITDA 5,358.4 4,870.7 10% EBITDA margin 19.8% 21.7% -191 bps Other Income 496.5 565.9 Depreciation 1,4
Slide 34: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. Million) Mar-21 Mar-20 EQUITY & LIABILITIES (Rs. Million) Mar-21 Mar-20 Non-Current Assets Equity Property, plant and equipment 3,376.8 3,777.7 Equity Share capital 562.5 281.2 Capital work-in-progress 23.8 101.5 Other equity 18,115.8 15,957.6 Right of Use Asset
Slide 35: Consolidated Financial Results
Consolidated Financial Results Rs. Million FY21 FY20 YoY Total Revenue 29,036.3 24,516.8 18% Operating Expenses 17,489.8 14,004.1 Employees Expenses 1,331.3 1,269.2 Other Expenditure 3,220.8 3,019.1 EBITDA 6,994.4 6,224.5 12% EBITDA margin 24.1% 25.4% -131 bps Other Income 516.2 656.9 Depreciation 1
Slide 36: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Million) Mar-21 Mar-20 EQUITY & LIABILITIES (Rs. Million) Mar-21 Mar-20 Non-Current Assets Equity Property, plant and equipment 3,403.3 3,809.8 Equity Share capital 562.5 281.2 Capital work-in-progress 23.8 101.6 Instruments entirely equity in nature 85.0 85.0
Slide 37: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Particulars (Rs. Million) FY21 FY20 FY21 FY20 Net Profit Before Tax 3,811.3 2,936.8 5,197.9 3,244.7 Adjustments for: Non-Cash Items / Other Investment or Financial Items 1,959.3 2,157.3 1,022.5 3,000.8 Operating profit before working capital changes 5,770.
Slide 38: Standalone Financial Highlights
Standalone Financial Highlights Financial Year 2010* 2011* 2012* 2013* 2014* 2015* 2016^ 2017^ 2018^ 2019^ 2020^ 2021^ 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 Turnover $118.6 $132.0 $125.0 $115.2 $139.0 $140.0 $136.1
Slide 39: 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% Margin (%) 27,026 21,373 22,442 19,317 15,411 EBITDA 7,930 7,505 8,348 8,761 9,026 7,125 6,921 Revenue 3,839 4,270 4,871 5,358 1,121 1,356 1,338 1,164 1,258 1,26
Slide 40: Shareholding Pattern as on 30th June 2021
Shareholding Pattern as on 30th June 2021 Shareholders Holding more than 1% of the Equity % to Equity (Other than Promoters) 11.86% HDFC Mutual Fund 6.40% DSP Mutual Fund 6.33% ICICI Mutual Fund 4.21% UTI Mutual Fund 2.58% 32.60% 53.25% Invesco Mutual Fund 2.16% Franklin Templeton Mutal Fund 1.85% T
Slide 41: 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 /