Engineers India Limited · NSE:ENGINERSIN
Engineers India — FY2023-24 Earnings Presentation
53 slides from Engineers India's earnings presentation, May 29, 2024
Slide 1: Cover letter to stock exchanges
ईमेल/e-mail: company.secretary@eil.co.in,दरू भाष /Phone: 011-26762855/2580 कंपनी स�चवालय/ COMPANY SECRETARIAT सं.स�चव/No. Secy/906/9/10 29.05.2024 The BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, 5th Floor Dalal Street, Fort Bandra Kurla Complex
Slide 2: Engineers India Limited Investor Presentation Annual Results FY 23-24
Engineers India Limited Investor Presentation Annual Results : FY 23-24 28th May 2024 Delivering Excellence Through People
Slide 3: Slide for Agenda Items
Slide for Agenda Items Page # 1 Overview of Engineers India Limited 3 2 Track Record and Credentials 12 3 Financials and Order Book Overview 20 4 Major Order secured in FY 2023-24 33 5 Orders in hand 38 6 Outlook 43 Delivering Excellence Through People 2
Slide 4: Overview of Engineers India Limited
1 Overview of Engineers India Limited Delivering Excellence Through People 3
Slide 5: Company Background
Company Background ⚫ Global Engineering Consultancy, Project Management & Total solutions Company Marquee Projects Dangote Refinery ⚫ Wholly owned company under the aegis Ministry of Petroleum & Natural Gas, & Petrochemical Government of India ⚫ Over 7000 assignments including 600 Major assignments
Slide 6: Engineers India Limited: Our Journey
Engineers India Limited: Our Journey ⚫ Wholly owned ⚫ Commenced first ⚫ Expansion in ⚫ Diversified into ⚫ Commenced services ⚫ Refinery in Mongolia under Government of international Hydrocarbons Infrastructure in in sub-surface crude LOC funding India (GoI) assignment value chain 2001 storages (Viza
Slide 7: Lines of Business
Lines of Business Fertilizer & Mining & Oil & Gas/ SPR Bio-fuels Gas/LNG Infra Gasification Metallurgy Water & Waste Airports & Defence Ports & Harbour Urban Infra Clean Energy (H2) Water Diversified Portfolio: Involved in Nation Building since Inception Delivering Excellence Through People 6
Slide 8: Service Offering - From Concept to Commissioning
Service Offering - From Concept to Commissioning Technology Licensing Process Design Project Management ⚫ Conceptualization of Process ⚫ Pre-feasibility studies ⚫ Integrated Project Management services ⚫ Process Modelling & simulation ⚫ Technology and licensor selection ⚫ Project Control - Planning
Slide 9: Modes of Contracts Managed
Modes of Contracts Managed Consultancy Contracts ⚫ Front-end Engineering & Design for 1 2 complete definition of scope for FEED selection of EPC contractor ⚫ Engineering, Procurement and EPCM Construction Management Services 3 ⚫ Project Management Consultancy Services for managing EPC PMC contractor
Slide 10: Technology Portfolio
Technology Portfolio http://www.petrofed.org/images/bpcl.jpg http://www.petrofed.org/images/numaligarh.jpg R&D Center with multiple pilot and demo facilities at Refining Gurugram cpcl (DHDT, http://www.petrofed.org/logos/GSPC.jpg LPGTU, SRU, DCU,Wax) Gas Hardware http://www.petrofed.org/logos/GSPC.j
Slide 11: Board of Directors (as on 27.05.2024)
Board of Directors (as on 27.05.2024) C&MD Director (Govt. Nominee) • Smt. Vartika Shukla • Shri Arun Kumar Functional Directors Non-official Independent Directors • Shri Sanjay Jindal, Director (Finance) • Shri Deepak Mhaskey • Shri Atul Gupta, Director (Commercial) • Shri Harishkumar Madhusudan Jo
Slide 12: EIL Manpower Resources
EIL Manpower Resources Qualification Count Personnel Experience 12.85% Graduates in Engineering 1974 15.46% Post Graduates in Engineering 256 20.98% Doctorates in Engineering 11 Total Personnel with Engineering Qualification 2241 (Technical Manpower) 50.72% Other Professionals (MBA/MCA/CA/ICWA/CS) 1
Slide 13: Track Record and Credentials
2 Track Record and Credentials Delivering Excellence Through People 12
Slide 14: Strong Track Record with diverse client base
Strong Track Record with diverse client base 91 Major Refinery Projects As of March 2024 including 10 Green-field Projects 45 Onshore Oil & Gas http://www.petrofed.org/images/bpcl.jpg 13 Major Petrochemical Projects Processing Projects 213 Offshore Projects including Process Platforms 52 Pipeline Pr
Slide 15: EIL's Footprint in Oil & Gas Sector
EIL’s Footprint in Oil & Gas Sector HMEL Petro Plant Bongaigaon Petro. Plant Pata Petro. Plant 1&2 Engineered 10 Grassroot HMEL- GGSR Refinery Refineries. 20 out of 23 Refineries in Panipat Refinery PUNJAB Guwahati Refinery India have EIL Footprints Mathura Refinery Bongaigaon Refinery Panipat Petro
Slide 16: International Presence
International Presence DORC 650 kbpsd BPC 68 kbpsd Mongol Sonatrach Grassroot Grassroot Refinery Branch Office Refinery Refinery Refinery 34 kbpsd Ongoing Overseas Projects: Rehabilitation cum Grassroot ✓ DORC, Nigeria ~330 & 70 kbpsd Petchem IBF Refinery ✓ BPC, Bangladesh • Abu Dhabi Refinery Pipel
Slide 17: International Clientele - Focus in Overseas Geographies
International Clientele - Focus in Overseas Geographies Regions Key Clients Regions Key Clients Countries Countries Middle East UAE • ADNOC Group Companies (Formerly ADMA OPCO; South-East Malaysia • Petronas GASCO; TAKREER ; ZADCO; ADGAS; Borouge; Indonesia • PT Pertamina (Persero) FERTIL; etc) • PT
Slide 18: Major Awards and Accolades (2023-24)
Major Awards and Accolades (2023-24) • 15th CIDC Vishwakarma Achievement Award 2024 for Construction Health, Safety & Environment for "HPCL Rajasthan Refinery Project, Barmer, Rajasthan “. • IEI Industry Excellence Award 2023 in Engineering and Service Consultancy Sector instituted by The Institutio
Slide 19: Major Awards and Accolades (2023-24)
Major Awards and Accolades (2023-24) • Governance Now 10th PSU Awards- 1. Nation Building 2. Reskilling/Upskilling of employees 3. Digital Procurement Excellence • National Award for Excellence in PSU by Asia HRD Congress for “Increasing the Geo- Strategic Reach” category • SCOPE Eminence Award by t
Slide 20: Major Awards and Accolades (2023-24)
Major Awards and Accolades (2023-24) • Golden Peacock National Training Award for commitment to development in the domain of training and staff development programmes for improving the effectiveness, performance and goals of the organization. • ‘Project of The Year’ Award in PMI South Asia Awards 20
Slide 21: Financials and Order Book Overview
3 Financials and Order Book Overview Delivering Excellence Through People 20
Slide 22: Financial and Operating Track Record - Consolidated
Financial and Operating Track Record - Consolidated Total Income (INR mn)* Revenue Segmentation* Consulting Turnkey 40,000 60% 50% INR mn 40% 30% 56% 55% 51% 49% 54% 30,000 49% 51% 45% 44% 46% 20% 34,921 34,946 35,000 33,329 10% 30,427 0% 2019-20 2020-21 2021-22 2022-23 2023-24 20,000 2019-20 2020-2
Slide 23: Financial and Operating Track Record - Consolidated
Financial and Operating Track Record - Consolidated EBITDA## Performance (INR mn)* 6,000 16% 14% 14% 12% 12% 4,000 INR mn 9% 10% 9% 6% 8% 4,532 6% 2,000 3,441 3,083 2,971 4% 1,949 2% 0 0% 2019-20 2020-21 2021-22 2022-23 2023-24 EBITDA (INR mn) - LHS EBITDA Margins (%) - RHS Note: All figures have be
Slide 24: Financial and Operating Track Record - Consolidated
Financial and Operating Track Record - Consolidated Profitability (INR mn)* Earnings per Share – EPS (INR)* Return on Net Worth (%)* INR Mn INR INR mn 6,000 40% 30,000 80% 20.0 35% 18.0 70% 24,060 25,000 4,453 16.0 22,553 4,238 30% 60% 14.0 19,615 4,000 20,000 3,463 25% 17,507 17,700 50% 12.0 20% 15
Slide 25: Financial and Operating Track Record - Consolidated
Financial and Operating Track Record - Consolidated Dividend Distribution (INR mn)* 7,500 140% 120% 6,000 103% 121% 100% 88% 4,500 80% 60% 60% 60% 3,722 60% 3,000 45% 49% 38% 40% 40% 1,500 1,686 1,686 1,686 20% 1,124 0 0% 2019-20 2020-21 2021-22 2022-23 2023-24 Gross Dividend incl. tax (INR) - LHS D
Slide 26: Annual Performance Summary – Standalone
Annual Performance Summary – Standalone Rs Mn TURNOVER 2023-24 2022-23 2021-22 2020-21 2019-20 Consultancy 14543 14,179 14,575 13,833 15,653 Turnkey 17779 18,659 14,129 17,214 16,377 Consultancy + Turnkey 32322 32,838 28,704 31,047 32,030 Other Income 2246 1,691 1,367 1,949 2,580 Total Income 34568
Slide 27: Quarterly Performance Summary – Standalone
Quarterly Performance Summary – Standalone Rs Mn TURNOVER Q1 Q2 Q3 Q4 H1 H2 9M Annual Consultancy – Domestic 2973.30 2877.95 2830.77 3052.56 5851.25 5883.33 8682.02 11734.58 Consultancy - Overseas 483.39 733.06 759.85 831.98 1216.46 1591.83 1976.31 2808.29 Consultancy Total 3456.69 3611.01 3590.62 3
Slide 28: Quarterly Performance Track Record - Standalone
Quarterly Performance Track Record - Standalone Total Income Consultancy Turnkey Other Income 10,000 INR Mn 8,000 6,000 4804 4947 4973 4544 4364 4627 4270 4161 3,658 3691 3,514 3,791 3,715 3,885 4018 4,000 3,612 3,506 3,456 3,503 3,457 3,611 3,591 2965 3203 2,000 669 926 284 382 477 272 257 493 466
Slide 29: Quarterly Performance Track Record – Standalone
Quarterly Performance Track Record – Standalone Segment Wise Operating Profit 2,000 Consultancy Turnkey 1,866 1,500 1,229 INR Mn 1,100 895 861 885 822 892 1,000 605 670 690 654 492 500 202 237 116 136 200 74 68 97 92 91 95 0 Q1 21-22 Q2 21-22 Q3 21-22 Q4 21-22 Q1 22-23 Q2 22-23 Q3 22-23 Q4 22-23 Q1
Slide 30: Business Secured and Order Book – Standalone
Business Secured and Order Book – Standalone Rs Mn Business Secured FY 23-24 FY 22-23 FY 21-22 FY 20-21 FY 19-20 Consultancy Turnkey 1% Consultancy 100% 0% 0% 7,964# 6,477 16,515 14,550 8,119 (domestic) 80% 62% Consultancy 73% 4,985 6,138 356 1,011 8,053 60% (overseas) 100% 99% 100% 40% Consultancy
Slide 31: Business Secured Break up – Standalone
Business Secured Break up – Standalone Consultancy Vs LSTK Consultancy Domestic Vs Overseas Consultancy LSTK Domestic Overseas 38% 38% 62% 62% Consulting Total Orders Segmental Break up Segmental Break up 4.91% 6.29% 16.55% HYDROCARBONS HYDRO INFRA 25.88% INFRA 12.91% METAL, POWER & OTHERS METAL, PO
Slide 32: Order Book Break up – Standalone
Order Book Break up – Standalone OBP: Consultancy Vs LSTK OBP: Domestic Vs Overseas 19% 41% Domestic Consultancy Overseas 59% LSTK 81% Note : Data on unconsolidated basis Delivering Excellence Through People 31
Slide 33: Capital Investments – as on FY 23-24
Capital Investments – as on FY 23-24 Description Investment 1 Investment 2 Investment 3 Investment 4 Name Ramagundam Fertilizer NELP IX : Two Upstream Assets Minority stake in LLC-BEO (Bharat Project Numaligarh Refinery Ltd. Energy Office) (CB-ONN-2010 / 8) CB-ONN-2010 / 11 Implemen-ting M/s Ramagun
Slide 34: Major Order secured in FY 2023-24
4 Major Order secured in FY 2023-24 Delivering Excellence Through People 33
Slide 35: Q4 FY23-24 : Salient Orders Secured
Q4 FY23-24 : Salient Orders Secured Service Contract Value Project scope Client Award Date Completion Date Type (Rs. Million) Domestic EPCM Services for Site Enabling for Bina Petrochemical and Bharat Petroleum Consultancy 272 January 2024 December 2025 Refinery Expansion Project (BPREP) at Bina, Ma
Slide 36: Q3 FY23-24 : Salient Orders Secured
Q3 FY23-24 : Salient Orders Secured Service Contract Value Project scope Client Award Date Completion Date Type (Rs. Million) Domestic Consultancy Services for Setting up of Aqueous Ammonia unit at Numaligarh Refinery Consultancy 120 October 2023 December 2025 Numaligarh Refinery (On Depository Basi
Slide 37: Q2 FY23-24 : Salient Orders Secured
Q2 FY23-24 : Salient Orders Secured Service Contract Value Project scope Client Award Date Completion Date Type (Rs. Million) Domestic Independent Engineer Services for PLI Scheme for Advance Ministry of Heavy Consultancy 645 July 2023 July 2030 Chemistry Cell of MHI Industries Revamping of Sectiona
Slide 38: Q1 FY23-24 : Salient Orders Secured
Q1 FY23-24 : Salient Orders Secured Service Contract Value Project scope Client Award Date Completion Date Type (Rs. Million) Domestic Consultancy Services for New DRI-2 (Direct Reduced Iron) Plant Jindal Steel and Consultancy 155 April 2023 December 2024 at Angul Power (JSPL) Consultancy EPCM Servi
Slide 39: Orders in hand
5 Orders in hand Delivering Excellence Through People 38
Slide 40: Major Ongoing Projects
Major Ongoing Projects Project Client Project Location Refinery Projects Cauvery Basin Refinery (CBR) Project – 9 MMTPA CPCL Nagapattinam, Tamil Nadu (Package - EPCM-1 with MPMC and EPCM-3 Services ) EPCM Services for Panipat Refinery Expansion (15 to 25 MMTPA) IOCL Panipat PMC and Turnkey-OBE Servi
Slide 41: Major Ongoing Projects
Major Ongoing Projects Project Client Project Location Petrochemical Project EPCM Contract for Methyl Isobutyl Carbinol (MIBC), Methyl Isobutyl Ketone DCTL Dahej (MIBK) and U&O Project at Dahej Pipeline Projects PMC Services for Dobhi-Durgapur-Haldia Pipeline Project GAIL Dobhi-Durgapur-Haldia EPCM
Slide 42: Major Ongoing Projects
Major Ongoing Projects Project Client Project Location Infrastructure Projects PMC for New Domestic Terminal Building and associated works at Leh Airport AAI Leh, J&K Third Party Assessment for Engineering Review & Project Management for Construction DoIT&C Jodhpur, Rajasthan of Fintech University,
Slide 43: Major Ongoing Projects
Major Ongoing Projects Project Client Project Location Overseas Projects Eastern Refinery Limited Unit –II Project BPC Bangladesh Dangote Refinery & Petrochemical Project DORC Nigeria PMC Services for Crude Oil Refinery in Mongolia Mongol Refinery Mongolia EPCM Services for Green-field 4000 TPD Urea
Slide 44: Outlook
6 Outlook Delivering Excellence Through People 43
Slide 45: Oil & Refining Capacity Outlook
Oil & Refining Capacity Outlook Global oil consumption in 2023 was 102.0 million b/d, growing over 2 million b/d from 2022, EIA forecast now averages 102.9 million b/d in 2024 and 104.3 million b/d in 2025. As per EIA, the global production of liquid fuels to increase by more than 0.8 million b/d in
Slide 46: Petrochemical and Chemical Outlook India
Petrochemical and Chemical Outlook India India is expected to remain a driving force in Asia for petrochemical demand in 2024 given its strong economic growth and resilient industrial production. India plans sizeable capacity additions for polymer through 2024 and beyond. The market for chemical com
Slide 47: Gas Economy and Energy Transition
Gas Economy and Energy Transition energy independent by 2047 India has set itself a target of becoming energy independent by 2047 Gas Economy: India, the world's third biggest energy consumer, sees natural gas as a transition fuel for migrating to net zero carbon emissions by 2070.. Consumption of N
Slide 48: Key Indicators Driving Growth of Petrochemicals
Key Indicators Driving Growth of Petrochemicals India’s chemical and petrochemical industry is expected to grow to about USD 300 billion by 2025. According to the estimates by the Ministry of Petroleum, the demand for petrochemicals is expected to triple by 2040 and touch USD 1 trillion. The petroch
Slide 49: Opportunities in Diversified Sectors
Opportunities in Diversified Sectors India's journey towards becoming a developed nation by 2047 hinges significantly on improving its Infrastructure. The total budgetary outlay for infrastructure-related ministries increased from around INR 3.7 Lakh Cr in FY23 to INR 5 Lakh Cr in FY24 Gatishakti Na
Slide 50: Opportunities in Diversified Sectors
Opportunities in Diversified Sectors The total port capacity is set to increase from the existing 2,600 MTPA (Mn Tonnes per annum) to more than 10,000 MTPA in 2047. In the Renewable Energy Sector the country has set an enhanced target at the COP26 of 500 GW of non-fossil fuel-based energy by 2030. T
Slide 51: Avenues for Growth
Avenues for Growth ⚫ Alliances in Core ⚫ Collaborative and Diversified Technology sectors for Growth ⚫ Focused Development ⚫ Alliances to breach Diversification in ⚫ Expand in Middle ⚫ Net Zero Green entry barriers Biofuels, Defense, East, Africa, technologies ⚫ Consolidate core Urban Central Asia H
Slide 52: Disclaimer
Disclaimer This presentation report is for distribution only under such circumstances as may be permitted by applicable law. It is published solely for information purposes, it does not constitute an advertisement and is not to be construed as a solicitation or an offer to buy or sell any securities
Slide 53: THANK YOU
Insert the Sub Title of Your Presentation THANK YOU Delivering Excellence Through People 52