Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — Q3 FY2024 Earnings Presentation
32 slides from Pnc Infratech's earnings presentation, Feb 6, 2024
Slide 1: Stock exchange submission letter: Result Update Presentation
PNC L 4t- Q PNC lnfratech Limited An ISO 9001 .2015 Certified Company Ref No: PNC/SE/r r 3D3-24 Date: 06.02.2024 To, To, The Manager The Manager Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P.J. Towers, Exchange Plaza, B and raKur
Slide 2: PNC Infratech Limited Investor Presentation Q3FY24
PNC INFRATECH LIMITED Investor Presentation Q3FY24 MASTERING EXPERTISE EXPANDING HORIZONS 1
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by PNC Infratech 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 securit
Slide 4: Key Highlights & Financials
Key Highlights & Financials PNC Infratech Limited
Slide 5: Key Highlights for Q3FY24
Key Highlights for Q3FY24 Revenue 11% Revenue of Rs. 1,803 crore as compared to Rs. 1,627 crore in Q3FY23 EBITDA • EBITDA of Rs. 239 crore in Q3FY24 as compared to 15% Rs. 208 crore in Q3FY23 • EBITDA Margin of 13.3% in Q3FY24 PAT • PAT of Rs. 151 crore in Q3FY24 as compared to 17% Rs. 129 crore in
Slide 6: Key Highlights for 9M FY24
Key Highlights for 9M FY24 Revenue 8% Revenue of Rs. 5,357 crore in 9MFY24 as compared to Rs. 4,909 crore* in 9MFY23 9% EBITDA EBITDA of Rs. 712 crore in 9MFY24 compared 12% to Rs. 636 crore* in 9MFY23 EBITDA Margin of 13.3% in 9MFY24 PAT Rs. 390 crore* in 9MFY23 14% PAT of Rs. 447 crore in 9MFY24 c
Slide 7: Key Highlights for 9M FY24
Key Highlights for 9M FY24 Revenue (Rs. crore) EBITDA (Rs. crore) PAT (Rs. crore) +12% +15% +9% 712 447 5,357 4,909 636 390 9MFY23 9MFY24 9MFY23 9MFY24 9MFY23 9MFY24 * - Excludes Bonus of Rs. 37.02 crs received in 9M FY23 and Includes Rs. 251 crs of Revenue from Eastern Peripheral Expressway project
Slide 8: Order Book Details
Order Book Details PNC Infratech Limited
Slide 9: Robust Order Book over Rs. 17,380 crores
Robust Order Book over Rs. 17,380 crores ◼ Remaining value of contracts under execution of over Rs. 17,380 crore as on Remaining Awarding 31st December 2023 Key EPC Projects Under Construction Value Authority (Rs. Crores) ◼ The below orders are included in order book as on 31st December 2023 : Akkal
Slide 10: Portfolio of Development Projects on PPP Mode
Portfolio of Development Projects on PPP Mode PNC Infratech Limited
Slide 11: Asset Monetization
Asset Monetization ◼ Divestment of Equity Stake in 12 of Company’s Road Assets ✓ The Company, along with its wholly owned subsidiary, PNC lnfra Holdings Limited have signed a Master Securities Purahce Agreement (SPA) with Highways Infrastructure Trust (HIT), an Infrastructure Investment Trust (InvIT
Slide 12: Sizeable Project Portfolio: Operational Projects
Sizeable Project Portfolio: Operational Projects PNC Share of Invested Debt as on 31st % JV Kms / TPC Invested Grant Total Debt Project Authority State / Stretch Type Equity Dec‘23 Stake Partners Lanes (Rs. Crs) Amount (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Kanpur Kabrai 100% NHAI UP / NH
Slide 13: Sizeable Project Portfolio: HAM Projects
Sizeable Project Portfolio: HAM Projects PNC Share of Debt / Bond as on % TPC Invested Equity Total Debt Project Authority State / Stretch Kms / Lanes Status Invested Amount 31st Dec’23 Stake (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Dausa-Lalsot * 100% NHAI Raj/ NH11A 83.45/ 4/2 COD 820 65
Slide 14: Annexure – I Summary Financials
Annexure – I Summary Financials PNC Infratech Limited
Slide 15: Standalone Profitability Statement – Q3 & 9M
Standalone Profitability Statement – Q3 & 9M Rs. Crores Q3 FY24 Q3 FY23 YoY Growth (%) 9M FY24 9M FY23 YoY Growth (%) REVENUE* 1,803 1,627 11% 5,357 4,909 9% EBITDA* 239 208 15% 712 636 12% EBITDA margin* 13.3% 12.8% 13.3% 13.0% Other Income 4 10 18 28 Depreciation 26 28 77 82 Financial Expenses 17
Slide 16: Net Working Capital Days - Standalone
Net Working Capital Days - Standalone 97 99 93 87 73 74 77 73 60 62 57 51 Mar/19 Mar/20 Mar/21 Mar/22 Mar/23 Dec/23 Debtors Net Working Capital PNC Infratech Limited 15
Slide 17: Consolidated Profitability Statement – Q3 & 9M
Consolidated Profitability Statement – Q3 & 9M Rs. Crores Q3 FY24 Q3 FY23 YoY Growth (%) 9M FY24 9M FY23 YoY Growth (%) REVENUE* 2,047 1,803 13% 6,050 5,614 8% EBITDA* 432 345 25% 1,268 1,152 10% EBITDA margin* 21.1% 19.1% 21.0% 20.5% Other Income 17 20 58 57 Depreciation 44 44 132 196 Interest 169
Slide 18: Segmental Revenue Break-up
Segmental Revenue Break-up Q3 FY23 267 Q3 FY24 533 15% 243 26% 243 13% 12% 1,293 1,270 72% 62% Roads Water Toll/Annuity Roads Water Toll/Annuity 9M FY23 508 9M FY24 1,351 1,001 9% 22% 688 18% 12% 4,142 73% 4,010 66% Roads Water Toll/Annuity Roads Water Toll/Annuity PNC Infratech Limited 17
Slide 19: Annexure – II Company Overview
Annexure – II Company Overview PNC Infratech Limited
Slide 20: Introduction
Introduction Established track record of timely/early completion of projects • Infrastructure construction, development, and management company; expertise in the execution of projects including highways, bridges, flyovers, airport runways, industrial areas, railways and transmission lines • Executed
Slide 21: Business Overview
Business Overview Roads & Highways EPC Completed 62 infrastructure road projects on EPC basis Roads & Highways BOT / OMT/ HAM Operating 5 BOT projects, comprising both toll & annuity assets; Total of 23 HAM projects comprising – 9 operational projects, 9 projects under construction, LOA for 1 projec
Slide 22: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) BOT Holdco for road and other infra projects PNC Bareilly Nainital Highways Private Limited (“PNCBNHPL”) * PNC Gomti Highways Private Limited (“PNCGHPL”) * Joint Ventures 4 laning of the Bareilly-Almora section of SH 37 4 Laning of Jagdishp
Slide 23: Integrated Business Model
Integrated Business Model Own Quarries / Raw In-house Design & Material Sourcing Engineering ▪ Controls the entire process ▪ Own / Leasing of Quarries from conceptualization to Equipment Bank helps in securing of raw In-house Construction commissioning of a given material and project project which h
Slide 24: Enhanced Execution Capability
Enhanced Execution Capability Working Man and Machine Strong Credit Rating added to execute Capital Limits more projects ▪ Long term bank ▪ Fund Based Limits of ▪ Strengthening of In- facilities “CARE AA+ Rs. 1,000 crores which house execution team (Double A plus)” will enable us to with induction o
Slide 25: Enhanced to Augment and upgrade the execution
Enhanced to Augment and upgrade the execution Rs. Crores 1,317 1,337 1,267 1,273 1,094 1,016 FY19 FY20 FY21 FY22 FY23 Dec-23 Present Capex will enable us to achieve a Turnover of Rs. 10,000-12,000 crores PNC Infratech Limited 24
Slide 26: Strengthening of in-house execution team
Strengthening of in-house execution team No. of Employees 10,187 9,599 9,387 8,887 8,371 8,334 FY19 FY20 FY21 FY22 FY23 Dec-23 Strengthening of In-house execution team with induction of engineers with strong technical knowledge PNC Infratech Limited 25
Slide 27: Strong Credit Rating
Strong Credit Rating Upgraded Assigned Reaffirmed ◼ PNC Infratech Ltd. ◼ Yamuna Highways Pvt. Ltd. ◼ PNC Rajasthan Highways Private Limited * ✓ Long term bank facilities at CARE AA+; ✓ CARE A; Stable (Single A; Outlook: ✓ Non Convertible Debentures at CARE AAA; Stable (Triple A; Outlook: Stable) Sta
Slide 28: Experienced Promoters
Experienced Promoters Mr. Pradeep Kumar Jain Mr. Naveen Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Chairman & Managing Promoter Managing Director Managing Director Director ◼ Over 41 years of experience ◼ Over 32 years of experience ◼ Over 31 years of experience ◼ Over 26 years of expe
Slide 29: Board of Directors
Board of Directors Mr. Pradeep Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Chairman & Managing Director Managing Director Managing Director Mr. Anil Kumar Rao Mr. Talluri Raghupati Rao Whole-time Director Wholetime Director Mr. Krishan Kumar Jalan (IAS) Mr. Gauri Shankar Mr. Subhash Cha
Slide 30: Clientele
Clientele PNC Infratech Limited 29
Slide 31: Growth Strategy
Growth Strategy STRONG FOCUSED DIVERSIFICATION COMPETITIVENESS RELATIONSHIP APPROACH ◼ Leveraging Strong Project Execution track record to ◼ Maintaining Strategic ◼ Improve performance and ◼ Continue to focus on our diversify into new Alliances with companies competitiveness of Core EPC Strength & f
Slide 32: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : PNC Infratech Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L45201DL1999PLC195937 CIN: U74140MH2010PTC204285 Mr. D. K. Maheshwari Mr. Jigar Kavaiya Vice President - Finance COO – IR Practice +91-9920602034 dkm@pncinfrate