Slide 1: Exchange submission letter for investor presentation
KNR Constructions Limited. Date: 09th February 2023 Ref: KNRCL/SD/2022/523&524 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
Slide 2: Investor Presentation February 2023
Investor Presentation KNR Constructions Limited February Partnering India’s 2023 Growth Story
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: Key Highlights
Key Highlights ❑ Stake Sale ✓ KNR Tirumala Infra Private Limited - The Company invested Rs. 1,602.2 million in form of Equity & Sub debt for which the Company received consideration of Rs. 2,049.4 million. The transaction was completed on October 20, 2022. ✓ KNR Shankarampet Projects Private Limited
Slide 6: Standalone Financial Highlights
Standalone Financial Highlights Rs. Million Revenue EBITDA EBITDA Margins PAT* +8% -2% -190 bps +61% 8,302 1,589 1,560 20.7% 1,618 7,663 18.8% Quarter 3 1,008 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 Revenue EBITDA EBITDA Margins PAT* 9 Month (YTD) +14% +9% -90 bps +38% 25,682
Slide 7: Standalone Financial Results
Standalone Financial Results Standalone Rs. Million Q3 FY23 Q3 FY22 YoY Q2 FY23 QoQ 9M FY23 9M FY22 YoY Total Revenue 8,302.1 7,663.0 8% 8,474.0 -2% 25,682.1 22,618.5 14% Operating Expenses 5,652.3 5,048.5 5,577.3 17,620.2 14,922.4 Employees Expenses 444.6 342.5 469.4 1,299.7 1,038.0 Other Expenditu
Slide 8: Consolidated Financial Results
Consolidated Financial Results Consolidated Rs. Million Q3 FY23 Q3 FY22 YoY Q2 FY23 QoQ 9M FY23 9M FY22 YoY Total Revenue 8,749.3 8,546.4 2% 9,616.5 -9% 28,170.3 25,037.3 13% Operating Expenses 5,676.5 5,088.1 5,745.4 17,835.7 15,171.1 Employees Expenses 448.9 344.0 483.2 1,330.1 1,042.3 Other Expen
Slide 9: Standalone Net Working Capital Days
Standalone Net Working Capital Days 82 79 69 63 48 53 60 53 52 57 54 52 55 53 40 43 41 36 45 34 34 28 28 26 23 25 18 20 19 20 20 20 18 19 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 95 70 69 67 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Ma
Slide 10: Business Overview
Business Overview
Slide 11: 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 ❑ 25+ years of experience o
Slide 12: 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 13: 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 14: Supported by Professional Team
Supported by Professional Team ▪ A Bachelor of Engineering (BE) from MITS Gwalior (MP) with Over 40 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 15: Key Business Strengths
Key Business Strengths
Slide 16: 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 17: 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 18: 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 19: In-house Construction Equipment
2. In-house Construction Equipment Sr. No. Machinery Quantity Sr. No. Machinery Quantity 1 Tippers & Tankers 1,305 15 Crushers 31 2 Excavators 397 16 Light Soures 24 3 Generators 268 17 Trailers 31 4 Concrete Mixers And Pumps 198 18 Dozers 28 5 Compactors 138 19 Compressors 61 6 Loaders 101 20 Trans
Slide 20: In-house Execution Team
3. In-house Execution Team 5% Total Employees* Project Engineering 27% 2,254 Site Supervision 39% Site Engineers 8% Equipment Operators Admin & Office Staff 21% IN-HOUSE TEAM OF QUALIFIED AND EXPERIENCED EMPLOYEES LED BY PROVEN MANAGEMENT TEAM * as on December 31, 2022 19
Slide 21: 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 22: BOT Portfolio
BOT Portfolio
Slide 23: 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 24: 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 25: HAM Portfolio
HAM Portfolio Magadi to Oddanchatram to Ramanattukara to Valanchery to Particulars Chittor to Thatchur Somwarpet Madathukulam Valanchery Kappirikkad KNR Somwarpet Infra KNR Palani Infra KNR Ramanattukara Infra KNR Guruvayur Infra Private KNR Ramagiri Infra Private SPV Name Private Limited Private Li
Slide 26: Divestment of SPVs
Divestment of 3 SPVs Total Equity Invested Total Consideration (Rs. Consideration (Rs. Mn) Particulars (Rs. mn) mn) Already Received To be received** KNR Tirumala Infra Pvt Ltd* 2,049.4 (Divestment 100% stake: 20th Oct. 2022) 1,602.2 1.37 times 2,189.9 140.5 KNR Shankarampet Projects Pvt Ltd* 1,546.
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) 14,955 Valanchery Bypass to Kappirikkad project (HAM) 13,264 36% 49% 51% 11% Bangalore-Mangalore Project (Periya Shanthi to Bntwal) 8,245 (EPC) 4% Development of Six lane Chittoor-Thatchur
Slide 29: Order-book: State-wise
Order-book: State-wise Karnataka No of Projects 5 Balance Value Rs. 12,012 mn AP & Telangana No of Projects 15 Kerala Balance Value Rs. 29,747 mn No of Projects 3 Balance Value Rs. 28,374 mn Tamil Nadu No of Projects 4 Balance Value Rs. 10,868 mn Disclaimer: Maps not to scale. All data, information,
Slide 30: 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 31: Financial Highlights
Financial Highlights
Slide 32: 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 33: 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 34: 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 35: 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 36: 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 37: 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 38: 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 39: Shareholding Pattern as on 31st December 2022
Shareholding Pattern as on 31st December 2022 Shareholders Holding more than 1% of the Equity % to Equity (Other than Promoters) 8.59% DSP Mutual Fund 6.60% HDFC Mutual Fund 6.47% SBI Mutual Fund 2.83% ICICI Mutual Fund 2.34% HSBC Mutual Fund 2.04% 34.59% 51.09% Franklin Templeton Mutual Fund 1.78%
Slide 40: 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 /