Vascon Engineers Limited · NSE:VASCONEQ
Vascon Engineers — Q1 FY24 Earnings Presentation
22 slides from Vascon Engineers's earnings presentation, Aug 8, 2023
Slide 1: Exchange filing cover letter: Presentation Update
August 08, 2023 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/ Mada
Slide 2: Investor Presentation | August 2023
“Persistent to create better tomorrow” Investor Presentation | August 2023
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: Q1 FY24 Key Business Highlights
` 1,980 Crs. 1,597 Crs Total Order Book External EPC Order Book Forming healthy Order Book of Higher contribution by 3.02x FY23 EPC revenues Government projects Q1 FY24: ~78% 37,909 Sq.ft. Govt. Project (%) Real Estate KEY BUSINESS HIGHLIGHTS Providing visibility of faster execution New Sales Bookin
Slide 5: Execution Momentum continues
Execution Momentum continues…. REVENUE FROM OPERATIONS (RS. CRS) In Q1 FY24, strong execution continued across EPC Projects 251 200 48 183 153 34 All projects are operating at an optimum level, which 143 27 152 7 enabled faster project execution and resulted in better 21 6 revenue generation 203 156
Slide 6: Debt position as on 30th June 2023
Debt position as on 30th June 2023 Particular (Rs. in Crs) Jun-23 Mar-23 Mar-22 Mar-21 Mar-20 Vascon Engineers SBI / UBI / CSB 68.38 58.81 57.32 58.76 66.48 Kotak RE Fund - - 23.35 70.69 103.83 JM Finance - - 24.09 24.74 17.62 Aditya Birla Capital 43.37 37.03 - - - Prachay Capital 22.16 14.04 - - -
Slide 7: Charting towards higher Growth Trajectory
Charting towards higher Growth Trajectory Robust Order Book Improved Capacity Higher Cashflow Strengthening the 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 8: P&L Highlights- Q1 FY24
P&L Highlights- Q1 FY 24 Standalone Consolidated Particulars (Rs. Crs) Q1 FY24 Q1 FY23 FY 23 Q1 FY24 Q1 FY23 FY 23 Revenue 148.75 141.43 767.47 204.58 201.69 1,019.39 Other Income 3.08 1.63 9.60 3.95 1.72 11.04 Total Income 151.83 143.06 777.07 208.53 203.41 1,030.43 Construction Expenses / Material
Slide 9: Q1 FY24- Segmental Profit & Loss - after allocation
Q1 FY24- Segmental Profit & Loss - after allocation Inventorised / Particulars (Rs. Cr) RE# EPC## GMP Total Unallocable Revenue 10.98 147.73 55.83 214.54 Cost of Sales 3.90 127.75 37.78 0.94 170.37 Gross Profit 7.08 19.98 18.05 44.17 Gross Profit Margin % 64% 14% 32% 21% Other Income 1.14 1.77 1.08
Slide 10: Business Overview
Z 0 oO Re > BUSINESS OVERVIEW
Slide 11: Vascon – At a Glance
Vascon – At a Glace ENGINEERING PROCUREMENT & CONSTRUCTION REAL ESTATE DEVELOPMENT One of the leading EPC Company in India Focus on Mid-Range Housing Project of the leading EPC Company in India 50 Mn 200+ 30+ 30+ SQ. FT. OF PROJECTS PROJECTS YEARS OF PRESENCE DELIVERED DELIVERED EXPERIENCE ACROSS IN
Slide 12: 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 3.7 msft p.a. – operating at 90% utilization ▪ Number of Personnel in Project / Engi
Slide 13: Marquee Clients
Marquee Clients MAINTAINING CONSISTENT QUALITY STANDARDS ENSURING REPEAT ORDERS 12
Slide 14: Order Book Build-Up & Key Orders
Order Book Build-Up & Key Orders Amt Project Location (Rs. Cr) (In Rs. Cr) External Order book Pune Police Staff Quarters Pune 320 90 Mumbai Police Staff Quarters Mumbai 218 388 Medical Colleges With District Hospital, Kaushambi Kasuhambi, UP 136 58 383 Jila Karagar At Amethi Amethi, UP 133 Medical
Slide 15: Real Estate Development
Z 0 oO Re > REAL ESTATE DEVELOPMENT
Slide 16: 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 17: Successfully launched Real estate projects
Successfully launched Real estate projects Vascon Dev. Area Projects Launch Status REAL ESTATE SALES (RS CR) Share (msft) Forest Edge (JV) A 50% 0.08 18-Jan Fully Sold Forest Edge (JV) B 50% 0.08 19-Sep Fully Sold 120 118 Windermere (JV)# 45% 0.39 18-Mar 81% Sold Windermere Bunglow 100% 0.012 20-May
Slide 18: Current Real Estate Projects Under Development
Current Real Estate Projects Under Development Total Vascon Share Vascon Project Name Location Share Project Area Sale Sale Rev. Collection Collection Area Sold Value Value Recognized Type Share msft msft Rs. Cr Rs. Cr Rs. Cr Rs. Cr Rs. Cr Forest Edge (A&B) Pune JV 50% 0.16 0.15 109 106 55 53 55 For
Slide 19: 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 Powai, Mumbai JDA/JV Residential 0.16 335 0.06 118 2 4 Acre HDH-Ajanta JV Residential 0.6
Slide 20: 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 Kalyani Nagar - Comm JDA Commercial 0.3 330 2 Kalyani Nagar JDA Residential 0.5 550 Total 0.8 880 19
Slide 21: Focus on Liquidity Management
Focus on Liquidity Management REMAINING NON-CORE ASSETS IDENTIFIED FOR SALE • GMP TECHNICAL SOLUTIONS (85% SUBSIDIARY OF VASCON) CONTINUE FOCUS ON GENERATING CASH BY MONETIZING IDENTIFIED NON-CORE ASSETS 20
Slide 22: Towards Newer, Bigger Milestones – Let's Connect
TOWARDS NEWER, BIGGER MILESTONES LET’S CONNECT Mr. Pankaj Jain Mr. Gaurang Vasani/ Ms. Pooja Sharma pankaj@vascon.com vgaurang@stellar-ir.com Pooja.sharma@stellar-ir.com Vascon Weikfield Chambers, Pune - 411014 Kanakia Wall Street, Andheri (East), Mumbai 400 093 Visit: www.vascon.com