Va Tech Wabag Limited · NSE:WABAG
Va Tech Wabag — Q4 FY2020-21 Earnings Presentation
32 slides from Va Tech Wabag's earnings presentation, Jun 6, 2021
Slide 1: …
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Slide 2: VA TECH WABAG LTD Results Update Presentation Q4 & 12 months FY 2020-21
VA TECH WABAG LTD Results Update Presentation Q4 & 12 months FY 2020 - 21 World’s Top 50 Private Water Operators WABAG ranked 4th globally by GWI for ensuring safe & clean drinking water and sanitation
Slide 3: 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 secu
Slide 4: Complete Water Treatment Solution Provider
Complete Water Treatment Solution Provider… Provides a complete range of Water and Waste Water Treatment solutions Offering spanning across Municipal Drinking Water, Municipal Sewage, Industrial Water, Industrial Effluents, Desalination and Recycle Technology focused company - Owns more than 9
Slide 5: Range of Solutions offered in Water Space
Range of Solutions offered in Water Space Sewage Water Treatment Drinking Water Treatment Industrial Water Treatment Activated Sludge Process Aeration Raw water pre treatment Sequential Batch Reactors Sedimentation Filtration Plants Membrane Bed Bio Filtration Nano / Ultra Filtrati
Slide 6: Complete Water Treatment Solution Provider
Complete Water Treatment Solution Provider… . . . With complete portfolio of Water Solutions with . . . through various business/ delivery model technological and operational expertise . . Industrial waste water Drinking Water Treatment purification Engineering, Procurement, Construction (EPC) O&M
Slide 7: Asset light business model
Asset light business model Design Civil Operation & Technology Construction & Engineering (Outsourced) Maintenance Critical for cost In-house to ensure Mostly outsourced to In-house to ensure quality optimization compliance with designs dedicated Contractors performance Approvals to match o Co
Slide 8: Index
Index 1 Key Highlights FY 20 - 21 2 Quarterly Performance & Business Updates 3 Order Book Analysis 7 Water +ve
Slide 9: Key Highlights FY 21
Key Highlights FY 21 8 Water +ve
Slide 10: Financial Highlights – FY 21
Financial Highlights – FY 21 Cash and Working Capital: • Second consecutive year of Free Cash Flow generation of Rs. 960 Million on Consolidated and Rs. 686 Million on Standalone basis • Second consecutive year of positive operational cash flow generation of Rs. 1,353 Million on Consolidated and Rs.
Slide 11: Group turns Net Cash Positive
Group turns Net Cash Positive 7,000 1000 In Rs. Millions 436 6,133 6,000 0 (519) 5,196 5,000 4,817 -1000 (1,821) 3,932 4,000 -2000 3,495 3,375 3,137 (2,916) 3,000 -3000 2,617 (4,327) 2,000 1,902 1,807 -4000 1,000 -5000 Mar'17 Mar'18 Mar'19 Mar'20 Mar'21 Gross Debt Gross Cash Net Cash / (Debt) 10 Wat
Slide 12: Business Highlights – FY 21
Business Highlights – FY 21 • In 2021, WABAG was ranked 4th globally among the “World’s top 50 private water operators” as per Global Water Intelligence (GWI), for ensuring safe drinking water and clean environment for over 71 million people across the globe • Credit rating upgrade on the backing on
Slide 13: Quarterly & 12 month Performance
Quarterly & 12 month Performance 12 Water +ve
Slide 14: RESULTS OVERVIEW – Consolidated Profit and Loss
RESULTS OVERVIEW – Consolidated Profit and Loss Rs. Millions Q4 FY 21 Q4 FY 20 YOY % FY 21 FY 20 YOY % • 11% YoY sales Revenue from 9,993 7,851 27.3% 28,345 25,572 11.0% operations improvement despite Gain on Divestment - 193 ~ - 193 ~ challenging pandemic Cost of Sales 7,991 6,075 31.6% 22,331 19,3
Slide 15: RESULTS OVERVIEW – Standalone Profit and Loss
RESULTS OVERVIEW – Standalone Profit and Loss Rs. Millions Q4 FY 21 Q4 FY 20 YOY % FY 21 FY 20 YOY % Revenue from 6,997 4,914 42.4% 18,431 17,463 5.5% Operations • EBITDA margin Cost of Sales 5,663 3,809 48.7% 14,508 13,201 9.9% excluding forex gain / Total Cost of (loss) has improved 718 817 (12.1%
Slide 16: RESULTS OVERVIEW – Balance Sheet
RESULTS OVERVIEW – Balance Sheet Consolidated Standalone Rs. Millions Mar’21 Mar’20 Mar’21 Mar’20 Total Equity (Net Worth) 13,963 11,722 11,679 9,766 Non-Current Liabilities 3,997 2,665 3,518 2,545 Significant debt reduction Trade Payables 16,578 16,269 11,375 11,607 across the Group Short Term Borr
Slide 17: Cash Flow Statement
Cash Flow Statement Consolidated Standalone Rs. Millions FY 21 FY 20 FY 21 FY 20 • Consecutive years of Net cash generated from/(used in) 1,353 2,448 1,046 1,319 free cash flow and operations operational cash flow generated Net cash generated from/(used) in • Free Cash Flow (41) 297 228 (389) invest
Slide 18: Working Capital Highlights
Working Capital Highlights Rs. Millions Mar’21 Mar’20 Inventories 297 264 • Working Capital levels Trade Receivables 13,496 15,894 reduction driven by improved focus on Loans and Advances 793 494 collections and cash management Other Current Assets 14,748 13,450 • 16% reduction in Total Current Asse
Slide 19: Robust Core Performance
Robust Core Performance FY 21: 12% FY 21 : 21.4% Reported RoCE Core RoCE 9.6% 7.7% 97 5.3% 58 3.9% EBITDA PAT NWC Days Reported CORE 18 Water +ve
Slide 20: Order Book Analysis
Order Book Analysis 19 Water +ve
Slide 21: Revenue Breakup – FY 21
Revenue Breakup – FY 21 EPC O&M Rs. Millions EPC O&M Total 15% Municipal Industrial Municipal Industrial Wabag India # 10,419 4,920 2,391 489 18,219 85% Wabag Overseas 7,069 1,422 1,150 134 9,775 Municipal Industrial 25% Total 17,488 6,342 3,541 623 27,994 # Includes HAM SPVs 75% EPC [Rs. Bn.] O&M [
Slide 22: Key Projects Contributing to Revenue – FY 21
Key Projects Contributing to Revenue – FY 21 Revenue recognized Project Details [Rs. Mn] Expansion SWTP 9, Jubail, KSA – STP 3,296 South Doha, Qatar – STP 2,180 50 MLD Zarat, Tunisia – Desal 1,938 MRPL, Karnataka – Desal 1,750 Dangote, Nigeria - ETP & RWTP 1,678 Polgahawela, Srilanka – W
Slide 23: Order Intake Breakup
Order Intake Breakup EPC O&M Rs. Millions EPC O&M Total 34% Municipal Industrial Municipal Industrial 66% Wabag India # 4,583 16 3,485 60 8,144 Wabag Overseas 3,309 706 948 14 4,977 Municipal Industrial 6% Total 7,892 722 4,434 74 13,121 # Includes HAM SPVs 94% Order Value India Europe ROW * Key Ord
Slide 24: Order Book Composition
Order Book Composition Rs. Millions EPC O&M Total EPC O&M Municipal Industrial Municipal Industrial 39% Wabag India # 28,259 6,067 28,606 1,441 64,372 61% Wabag Overseas 16,736 587 1,758 961 20,043 Framework Municipal Industrial 11,426 Contracts 11% Total 44,995 6,654 30,364 2,402 95,841 # Includes
Slide 25: Order Book of Rs. 84.4 Bn & Framework Contracts of Rs. 11.4 Bn
Order Book of Rs. 84.4 Bn & Framework Contracts of Rs. 11.4 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 16,656 Bomba MED, Libya of Rs. 5,312 Mn BUIDCO, Digha & Kankarbagh – STP & Network 9,526
Slide 26: Awards and Accolades
Awards and Accolades 25 Water +ve
Slide 27: Global Recognition to WABAG’s Journey of Excellence
Global Recognition to WABAG’s Journey of Excellence Year 2021 Environment Health Safety (EHS) World’s Top 50 Private Water Operators Excellence Awards Received 4 Prestigious Recognitions at the WABAG ranked 4th globally by GWI for ensuring safe Environment Health Safety (EHS) Excellence Awards & cle
Slide 28: Global Recognition to WABAG’s Journey of Excellence
Global Recognition to WABAG’s Journey of Excellence Year 2020 Global Water Awards 2020 National Water Awards 2019 Distinction Award under "Wastewater Project of National Water Awards 2019 for ‘Best Research / the Year" from the Global Water Intelligence for our Innovation / Adaptation of New Technol
Slide 29: Global Recognition to WABAG’s Journey of Excellence
Global Recognition to WABAG’s Journey of Excellence Year 2019 World’s top 50 private water operators IDA World Congress Awards 2019 Dun & Bradstreet Infra Award 2019 WABAG ranked 6th globally among the Received the “Most Innovative Company” Honoured with the Dun & Bradstreet Infra “World’s top 50 pr
Slide 30: Global Recognition to WABAG’s Journey of Excellence
Global Recognition to WABAG’s Journey of Excellence Year 2018 Water Management Excellence Awards 2018 Water Digest Water Awards 2018 Water Management Excellence Award for “Outstanding “Best Water Treatment Project - Industrial” at the Contribution in Water Efficiency & Conservation” by ASSOCHAM Wate
Slide 31: Global Recognition to WABAG’s Journey of Excellence
Global Recognition to WABAG’s Journey of Excellence Year 2016 Global Water Awards 2016 Dun & Bradstreet Infra Award 2016 Global Water Awards 2016 Highly Commended Award under "Water Best Infra Project Award for 100 MLD Highly Commended Award under "Industrial Company of the Year" Nemmeli SWRO Desali
Slide 32: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : VA Tech Wabag Ltd. Stellar IR Advisors Pvt. Ltd. CIN - L45205TN1995PLC030231 CIN - U74900MH2014PTC259212 Mr. Sandeep Agrawal, Chief Financial Officer Mr. Gaurang Vasani, Managing Director investors@wabag.in vgaurang@stel