Va Tech Wabag Limited · NSE:WABAG
Va Tech Wabag — Q3 FY2023 Earnings Presentation
37 slides from Va Tech Wabag's earnings presentation, February 2023
Slide 1: VA TECH WABAG LTD Results Update Presentation Q3 & 9M 2022-23
VA TECH WABAG LTD Results Update Presentation Q3 & 9M 2022-23 1Cleaner Solutions for a Greener World Cleaner Solutions for a Greener World
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by VA TECH WABAG 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 securi
Slide 3: Index
Index 01 Our Business 02 Performance 03 Order Book Analysis 04 Awards, Key Events and Reference Projects 3 Cleaner Solutions for a Greener World
Slide 4: Our Business
Al Madina Al Shamaliya, STP, Bahrain Our Business Core Offerings Global Leadership Our Journey Key Clientele Sustainability and CSR 4 Cleaner Solutions for a Greener World
Slide 5: Complete Water Treatment Solution Provider
Complete Water Treatment Solution Provider TECHNOLOGY FOCUS EP SPECIALIST 125+ IP Rights developed in-house for Core expertise focused on Engineering and water treatment technology solutions Procurement; Civil activities outsourced 3 Global R&D centres – in Vienna, Focus on ‘Advanced technology, Val
Slide 6: Wabag is a leader in the Water space
Wabag is a leader in the Water space . . . With complete portfolio of Water Solutions . . . through various business/ delivery models with technological and operational expertise . . Recycle and Reuse Drinking Water Treatment Engineering, Procurement & Construction (EPC) O&M Design water treatment M
Slide 7: Globally Recognized Water Leader
Globally Recognized Water Leader WABAG ranked 3rd Globally by Global Water Intelligence (‘GWI’), United Kingdom for ensuring safe and clean drinking water and healthy environment for over 88 million people 7 Cleaner Solutions for a Greener World
Slide 8: Globally Recognized Water Desalination Player
Globally Recognized Water Desalination Player WABAG recognized amongst the Global Top 10 desalination players. Ranked 6th globally in the recently published annual survey for the FY 2021-22 by GWI 01 02 03 04 05 06 07 08 09 10 8 Cleaner Solutions for a Greener World
Slide 9: 25 years in India, 99 years Globally
25 years in India, 99 years Globally 2016: Crossed 3,000 2019: Entered Hybrid Annuity 2010: Dream listing for Model Projects & Signed One crore Revenue Pure-play Water City, One Operator Contract – A Technology Company paradigm shift for Indian Water 2014: Established Sector in the Stock Exchanges W
Slide 10: Our Key clients…
Our Key clients… Municipal Industrial Funding Agencies Serving clients in…. Municipal Water & Waste Water Oil & Gas Power plants Steel Food & Beverages Fertilizer Industrial parks 10 Cleaner Solutions for a Greener World
Slide 11: Aligning with Sustainable Development Goals
Aligning with Sustainable Development Goals Reshaping the Sector for a Greener Tomorrow Our Path To Net Water Neutral Waste To Resource Circular Economy Zero Energy Recovery Reducing GHG Effective usage of Generating green Generating valuable Contributing to emissions through our Recycled Water ener
Slide 12: Total Water Management = Wabag
Total Water Management = Wabag 1.2 2.5 > 40 27 26.5 million m3 million m3 MW million m3 million m3 Desalinated Recycled Water Green Energy Wastewater Clean Water Water per day per day per day treated per day per day WABAG’s Contribution to Water & Environment over last 2.5 decades 12 Cleaner Solutio
Slide 13: WABAG'S Contribution to Green Energy
WABAG’S Contribution to Green Energy Generating Saving Reducing > 40 MWH > INR 6.5 Million > 630 Tonnes Of Green Energy On Power Cost Of GHG Emission per day per day per day 13 Cleaner Solutions for a Greener World
Slide 14: Corporate Social Responsibility
Corporate Social Responsibility 6,000+ 3,500+ 5,000+ 22 CSR Projects benefiting Farmers School Kids & teachers Urban Poor CSR Focus on Water, Sanitation & Skill Development 14 Cleaner Solutions for a Greener World
Slide 15: Increasing contribution in cleaning the Holy River
Increasing contribution in cleaning the Holy River Committed to managing over 195 crore liters each day to rejuvenate Aviralta & Nirmalta of River Ganga 15 Cleaner Solutions for a Greener World
Slide 16: Pioneering the One City One Operator Model
Pioneering the One City One Operator Model Ensuring sustainable and healthy Environment for the citizens of Agra and Ghaziabad, India Resolving SEWER NETWORK issues promptly and ensuring Ghaziabad customer satisfaction 462 MLD Sewage Treatment at Ensuring functioning of the PUMPING STATIONS efficien
Slide 17: Performance
HMEL ETP, Bhathinda , India Performance Highlights Core Performance Metrics Credit Rating upgrade Profit & Loss Statement 17 Cleaner Solutions for a Greener World
Slide 18: Highlights – Q3 and 9M FY 23
Highlights – Q3 and 9M FY 23 Order book remains robust…. Order Book of over Rs. 100 Bn including Framework Orders Order Intake of ~Rs. 19 Bn Sustaining Profitable Growth…. Q3 FY 23: Consolidated Revenue at Rs. 6.52 Bn Consolidated EBITDA at Rs. 749 Mn; Consolidated PAT at Rs. 471 Mn; 9M FY 23: Conso
Slide 19: Core Performance Metrics – 9M FY 23
Core Performance Metrics – 9M FY 23 Core RoCE Core EBITDA Core PAT Core WC 21.4% 13.5% 8.8% 90 Days Driven by Asset Driven by EP, Driven by debt Driven by Light Business International, control & efficiencies in Model Industrial & improving business Technology operating margins operations Projects 19
Slide 20: Credit Rating Upgrade
Credit Rating Upgrade Published: November 24, 2022 Key Rating Drivers Strong Player in Water Treatment Business Strong Order Book; Revenue Visibility Modest Revenue Growth; Focus on Profitability Comfortable Credit Metrics; Trend Expected to Sustain Liquidity Indicator – Adequate Asset-light Busines
Slide 21: RESULTS OVERVIEW – Consolidated Profit and Loss
RESULTS OVERVIEW – Consolidated Profit and Loss Q3 Q3 9M 9M Rs. Millions YOY % YOY % FY 23 FY 22 FY 23 FY 22 9M Flat topline owing to Revenue from operations 6,516 7,455 (12.6%) 20,336 20,874 (2.6%) focused strategy of higher EP Cost of Sales 4,634 5,731 (19.1%) 15,486 16,227 (4.6%) project mix and
Slide 22: RESULTS OVERVIEW – Standalone Profit and Loss
RESULTS OVERVIEW – Standalone Profit and Loss Q3 Q3 9M 9M Rs. Millions YOY % YOY % FY23 FY 22 FY23 FY 22 Revenue from Operations 5,189 5,162 0.5% 15,767 14,895 5.9% Revenue growth driven by Cost of Sales 3,824 4,035 (5.2%) 12,310 11,901 3.4% New projects which are now Total Cost of Operations (TCO)
Slide 23: Order Book Analysis
Marafiq STP, Kingdom of Saudi Arabia Order Book Analysis Revenue Order Intake Order Book 23 Cleaner Solutions for a Greener World
Slide 24: Revenue Breakup – 9M FY 23
Revenue Breakup – 9M FY 23 By Business Offering & Customer Segment By Geography EPC O&M 14% Rs. Millions Municipal Industrial Total Rs. Millions Total EPC 11,983 5,387 17,370 India 10,565 86% O&M 2,465 389 2,854 Rest of the World (RoW) 9,658 Municipal Industrial 29% Total 14,448 5,776 20,224 Total 2
Slide 25: Order Intake Breakup
Order Intake Breakup By Business Offering & Customer Segment By Geography EPC O&M 20% Rs. Millions Municipal Industrial Total Rs. Millions Total EPC 8,446 6,730 15,176 India 6,013 80% O&M 2,010 1,669 3,679 Rest of the World (RoW) 12,842 Municipal Industrial Total 10,456 8,399 18,855 Total 18,855 45%
Slide 26: Order Book Composition
Order Book Composition By Business Offering & Customer Segment By Geography EPC O&M Rs. Millions Municipal Industrial Total Rs. Millions Total 37% EPC 34,214 21,990 56,204 India 43,032 63% O&M 28,973 3,604 32,577 Rest of the World (RoW) 45,749 Municipal Industrial Framework 11,588 Framework 11,588 2
Slide 27: Order Book of Rs. 89 Bn & Framework Contracts of Rs. 12 Bn
Order Book of Rs. 89 Bn & Framework Contracts of Rs. 12 Bn Key Contracts in Orderbook Key Framework Contracts * Project Details Amt [Rs. Mn] Libya STP of Rs. 6,114 Mn UPJN, O&M of Agra & Ghaziabad 14,143 Bomba MED, Libya of Rs. 5,474 Mn AGCC, Russia – Integrated Industrial ETP 10,246 BUIDCO, Digha &
Slide 28: Awards and Accolades
Jazan STP, Kingdom of Saudi Arabia Awards and Accolades 28 Cleaner Solutions for a Greener World
Slide 29: Global Recognition to our Journey of Excellence
Global Recognition to our Journey of Excellence The Economic Times Infra Focus Awards 2022 IWA Fellow Community Wabag has been conferred with “Emerging Infrastructure Mr Rajiv Mittal (Chairman & MD - VA Tech WABAG) has Company in the Water Infrastructure Sector” at The been conferred IWA Fellow for
Slide 30: Global Recognition to our Journey of Excellence
Global Recognition to our Journey of Excellence Global Asian of the Year 2021-22 Water Digest Water Awards Mr Rajiv Mittal (Chairman & MD - VA Tech WABAG) has been WABAG was conferred with “Desalination Project of the Year” for recognized as “Global Asian of the Year 2021-22” by Asia One our 30 MLD
Slide 31: Conferences & Key Events
El Cap WTP, Egypt Conferences & Key Events 31 Cleaner Solutions for a Greener World
Slide 32: Conference on Manufactured Water hosted by Wabag @ Chennai
Conference on Manufactured Water hosted by Wabag @ Chennai Conference on Manufactured Water hosted by Wabag with a focus on Desalination and Waste Water Treatment Panel Discussions with eminent members from Municipal and Industrial sector Panel discussion moderated by Mr. Rajiv Mittal, CMD Panel dis
Slide 33: Strategic Funding tie-up with Asian Development Bank
Strategic Funding tie-up with Asian Development Bank WABAG & ADB entered into a Strategic Funding tie up Rs. 200 Crores to be invested by ADB through NCDs ADB’S first private sector financing in India’s Water Sector Key validation of Wabag’s leadership credentials in the Water sector Wabag and ADB o
Slide 34: Reference Projects
Aadorf WWTP, Switzerland Reference Projects 34 Cleaner Solutions for a Greener World
Slide 35: Proven technology and project execution capabilities
Proven technology and project execution capabilities (Select Landmark Projects) Al Madina Al Shamaliya 40 MLD Sewage 102 MLD Industrial Effluent Treatment Plant for Treatment Plant, Bahrain PETRONAS, Malaysia Awarded Wastewater Project of the Year at Global Largest industrial Effluent Treatment Plan
Slide 36: Proven technology and project execution capabilities
Proven technology and project execution capabilities (Select Landmark Projects) 110 MLD Sewage Treatment Plant, Kodungaiyur, 130 MLD Drinking Water Treatment Plant, Chennai, India Tanzania One of the most energy efficient and energy First water project in Africa to be commissioned neutral STPs in th
Slide 37: Cleaner Solutions for a Greener World
For further information, please contact Company Investor Relations Advisors VA Tech Wabag Ltd. Stellar IR Advisors Pvt. Ltd. CIN - L45205TN1995PLC030231 CIN - U74900MH2014PTC259212 Mr. Skandaprasad Seetharaman, Mr. Gaurang Vasani, Chief Financial Officer Managing Director investors@wabag.in vgaurang