Gayatri Projects Limited · NSE:GAYAPROJ
Gayatri Projects — Investor Presentation (January 2018)
28 slides from Gayatri Projects's investor presentation, January 2018
Slide 1: Gayatri Projects Corporate Presentation
Gayatri Projects Corporate Presentation January 2018
Slide 2: Disclaimer
Disclaimer THIS PRESENTATION (“PRESENTATION”) IS NOT AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURITIES OF GAYATRI PROJECTS LIMITED (THE “COMPANY”). This Presentation provides general information about the Company’s activities as at the date of the Presentation. It is information given in summ
Slide 3: Agenda
Agenda 1. Introduction to Gayatri Projects 2. Investment highlights 3. Financial highlights 4. Segment overview 5. Appendix 3
Slide 4: 1. Introduction to Gayatri Projects
1. Introduction to Gayatri Projects 4
Slide 5: Overview
Overview One of India’s leading construction and infrastructure companies with dedicated focus on EPC 5 decades of experience in execution of major civil works diversified across infrastructure segments Pan India operations spread across 15 states Superior in-house execution capabilities and track r
Slide 6: EPC – Strategic Asset Light Focus Segment
EPC – Strategic Asset Light Focus Segment Pioneer in executing large scale EPC projects with a presence across India (15 states): Pure EPC with no BOT/ HAM Diversification across varied segments: roads, irrigation, industrial construction projects etc, allowing to capitalize on wide gambit of opport
Slide 7: Asset Development – Fully funded and operational
Asset Development – Fully funded and operational Power Assets (GEVL) Current Portfolio: 660MWx4 in partnership with Sembcorp Utilities, Singapore Super-critical technology units: More efficient plants with lower emissions Strategically located near sea-ports enabling logistics efficiency Stable and
Slide 8: Our Strategy – Focusing on 'Asset Light' EPC segment
Our Strategy – Focusing on ‘Asset Light’ EPC segment Asset light EPC model Grow presence in core EPC segments Pure EPC company with no BOT/ HAM Actively bid for quality projects in core areas of expertise: roads, irrigation, industrials Exposure to diversified sectors Maintain a healthy book to bill
Slide 9: Our competitive strengths
Our competitive strengths Established track record in executing different types of construction 1 and EPC projects 2 Diversified and robust growing order book Strong in-house designing and engineering capabilities 3 complemented by state of art fleet of construction equipment Partnerships and collab
Slide 10: 2. Investment highlights
2. Investment highlights 10
Slide 11: Key Investment Highlights
Key Investment Highlights Strong presence in high growth construction sector Healthy and diversified order inflows providing revenue growth visibility Highly efficient operations with strong execution capabilities Asset light business model – Pure play EPC company with robust return profile Signific
Slide 12: Construction industry in India: Compelling growth drivers
Construction industry in India: Compelling growth drivers Growing economy and increasing urbanization along with favorable policy bodes well for construction sector in the country Big boost in infrastructure spending expected over next few years Structural positive changes in sector Completion of th
Slide 13: Significant Uptick from BharatMala Priyojana
Significant Uptick from BharatMala Priyojana INR 4 Trillion of new Road Projects Potential annnual opportunity of 3x of NHAI FY17 run rate Bharat Mala Project Highlights Gayatri – A Key Beneficiary Corridor-based approach Significant uptick in Road EPC GPL – A leading Road EPC projects company R
Slide 14: Well diversified and growing EPC order book
Well diversified and growing EPC order book Growth in EPC order book Diversified across regions(1) Rs Bn 125 117 AP Chatt 104 16% Bihar 1% 7% Gujarat Haryana West Beng 4% Jhark 1% 62 2% 2% Karnat 8% UP c.US$ 1.8 Bn MP 23% 0% Maharash FY15 FY16 FY17 Sep-2017 6% Mizor Nagaland 3% Diversified across se
Slide 15: 3. Financial highlights
3. Financial highlights 15
Slide 16: Summary standalone financials
Summary standalone financials Operating revenue EBITDA and EBITDA margins EBITDA Rs Mn margins (%) 13.0% 14.3% 15.3% Rs Mn 3,234 21,154 18,122 2,594 16,011 2,076 FY15 FY16 FY17 FY15 FY16 FY17 Profit after tax Leverage Ratios Rs Mn Net Debt/ EBITDA Net Debt/ Equity 7.9x 704 6.7x 580 5.8x 2.4x 2.1x 2.
Slide 17: Summary consolidated financials
Summary consolidated financials INR mn (March ending) FY15 FY16 FY17 Operating Revenue 15,008 17,262 21,154 Income statement of FY17 includes Operating EBITDA 3,417 2,068 3,230 Road BOT as demerger effective from 31-Mar- 2017 % Margin 23% 12% 15% PBT -355 -348 233 PAT -317 -272 -3 Networth 7,316 5,4
Slide 18: Focus on driving operational profitability…
Focus on driving operational profitability… Maintain minimum EBITDA threshold Stable and robust EBITDA margins (1) Able to win orders over last few years with 15.3% margins in 15% range 14.3% Strong Focus on Cluster Approach 13.0% Lower mobilisation costs Efficient utilisation of resources Empowered
Slide 19: …with efficient Working Capital Cycle
…with efficient Working Capital Cycle INR mn FY17(1) Operating Revenue 21,154 Current Assets Inventories 3,601 Trade Receivables 8,504 Advances to Suppliers / Sub-Contractors 6,867 Current Liabilities Trade Payables 6,608 Advance from Contracter 8,563 Net Working Capital 3,801 Working Capital Cycle
Slide 20: 4. Segment overview
4. Segment overview 20
Slide 21: EPC - Roads
EPC - Roads Among Top Highway Current Projects Builders in India Completed Projects Eastern Peripheral Expressway Expertise in both Asphalt and Concrete pavements Six Lane Expressway Notable projects: 4 National Highways around Varanasi Hyderabad Outer Ring-road 270km total length Eight Lane Express
Slide 22: EPC - Irrigation
EPC - Irrigation Current Projects Completed Projects Indira Sagar Main Canal Velugonda Project Khudri Barrage 63m Concrete Dam Kempwad Lift Irrigation, Karnataka Kaleshwaram Project – 50 TMC reservoir Chintalapudi Lift Irrigation Project Many other dams, canals, lift irrigation and dredging projects
Slide 23: EPC - Mining
EPC - Mining Pioneer in advanced underground mining in India Current Clients Both projects being executed under the MDO (Mine-Developer- Operator) model No risks related to off-take and coal prices Technology Huge opportunity for Mining EPC Players as Coal India targets Entered into a partnership wi
Slide 24: EPC - Others
EPC - Others Notable Projects Land Development of Navi Mumbai International Airport Iqbalgarh Vadodara Section of Western Dedicated Freight Corridor (DFC) Water Distribution Network at Aizwal Kakinada Port – Approach berths 24
Slide 25: 5. Appendix
5. Appendix 25
Slide 26: Board of directors
Board of directors Promoter and Non-Executive Chairperson, over 25 years of experience in the T. Indira Subbarami Reddy construction industry T. V. Sandeep Kumar Reddy Promoter and Managing Director, 20+ years of construction experience J Brij Mohan Reddy Executive Vice Chairman Dr. V L Moorthy Non-
Slide 27: Key management personnel
Key management personnel Mr. T. V. Sandeep Kumar Reddy Mr. J. Brij Mohan Reddy Managing Director Vice Chairman Presently leads the Gayatri Group. He has done his Masters in Has been with the Group since1989. He was responsible for Construction Engineering and Management from the the construction of
Slide 28: Thank you
NY) Thank you Se
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