Slide 1: Patel Engineering Limited Investor Presentation Q2 FY24
Patel Engineering Limited Investor Presentation | Q2 FY24
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides have been prepared by Patel Engineering Ltd. (the “Company”), and have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form
Slide 3: Company Overview
Company Overview
Slide 4: About Patel Engineering Limited
About Patel Engineering Limited One of the most integrated infrastructure and construction services conglomerates in India Patel Engineering Limited, founded in 1949 and headquartered in Mumbai, is a prominent player in the civil engineering construction segment. With over seven decades of experienc
Slide 5: Vision and Mission
Patel Engineering Limited, is one of the MISSION major Infrastructure To be the pioneers in the industry and a and Construction market-driven organization known for its commitment towards excellence, Company quality, performance and reliability. Investor Presentation Q2 FY24 VISION Vision and Missio
Slide 6: Key Facts and Figures
Key Facts and Figures 7+ decades 14 States 15,000+ Experience Current Domestic Presence MW Hydro Project 87+ 300+ Kms 5.5+ Lakhs Dams of Tunnels Acres Irrigated 1,200+ Kms ₹ 2,00,033 Mn BBB+ Investor Presentation Q2 FY24 Road Order book ( Including L1 Orders) Credit rating Q2 FY24 Cons. Q2 FY24 Cons
Slide 7: Stock Data
Stock Data NSE: PATELENG BSE: 531120 | ISIN: INE244B01030 Share Holding Pattern As on 02-11-2023 As on 30-09-2023 Share Price (₹) 48.92 4.49% Market Capitalization (₹ Mn) 37845.4 Promoters No. of Shares Outstanding 77,36,17,228 FII Face Value (₹) 1.00 39.41% 52 week High - Low (₹) 62.11 – 13.10 DII
Slide 8: Q2 FY24 Financial Highlights
Q2 FY24 Financial Highlights
Slide 9: Standalone Results Highlights
Standalone Results Highlights Quarterly & Half Yearly Revenue Performance in ₹ Quarterly & Half Yearly Op. EBITDA and Net Profit Million Performance in Million 21,028.09 2,877.90 16,955.54 2,337.63 Q2 FY23 1,720.22 10,121.09 Q2 FY24 1,355.83 Op. EBITDA 8,144.64 1,109.43 H1 FY23 Net Profit H1 FY24 41
Slide 10: Q2 FY24 Standalone Results Highlights
Q2 FY24 Standalone Results Highlights In ₹ Mn Particular Q2 FY24 Q2 FY23 Y-O-Y % H1 FY24 H1 FY23 Y-O-Y % FY23 Revenue from Operations 10,121.09 8,144.64 24.3% 21,028.09 16,955.54 24.0% 38,171.26 Expenses 8,765.26 7,035.21 18,150.19 14,617.91 32,766.48 Operating EBITDA 1,355.83 1,109.43 22.2% 2,877.9
Slide 11: Standalone Balance Sheet
Standalone Balance Sheet In ₹ Mn Assets FY20 FY21 FY22 FY23 Sept - 23 Non Current Assets Fixed Assets 3,118.66 3,655.61 10,753.88 11,973.83 11,902.25 Non Current Investments 6,692.17 6,539.91 2,578.15 2,256.91 2,365.08 Other Non Current Financial Assets 15,446.71 15,083.23 16,318.93 15,220.74 15,476
Slide 12: Standalone Balance Sheet
Standalone Balance Sheet In ₹ Mn Equities & Liabilities FY20 FY21 FY22 FY23 Sept - 23 Equity 408.18 465.45 479.23 773.62 773.62 Reserves 25,292.65 24,458.04 23,046.11 27,803.89 29,524.11 Net Worth 25,700.83 24,923.49 23,525.34 28,577.51 30,297.73 Non-current Liabilities Long-term Borrowing 6,279.64
Slide 13: Consolidated Results Highlights
Consolidated Results Highlights Quarterly & Half Yearly Revenue Performance in ₹ Quarterly & Half Yearly Op. EBITDA and Net Profit Million Performance in ₹ Million 3,106.30 21,399.24 2,524.76 17,314.53 10,213.13 1,400.67 8,303.43 1,186.16 Investor Presentation Q2 FY24 704.86 509.56 321.98 197.07 Q2
Slide 14: Q2 FY24 Consolidated Results Highlights
Q2 FY24 Consolidated Results Highlights In ₹ Mn Particular Q2 FY24 Q2 FY23 Y-O-Y % H1 FY24 H1 FY23 Y-O-Y % FY23 Revenue from Operations 10,213.13 8,303.43 23.0% 21,399.24 17,314.53 23.6% 38,911.47 Expenses 8,812.46 7,117.27 18,292.94 14,789.77 33,295.82 Operating EBITDA 1,400.67 1,186.16 18.1% 3,106
Slide 15: Consolidated Balance Sheet
Consolidated Balance Sheet In ₹ Mn Assets FY20 FY21 FY22 FY23 Sept - 23 Non Current Assets Fixed Assets 17,480.77 13,611.47 14,631.43 15,255.89 15,228.94 Non Current Investments 789.75 678.90 816.08 1,354.12 1,255.98 Other Non Current Financial Assets 6,201.10 6,492.59 11,428.32 10,661.48 10,515.44
Slide 16: Consolidated Balance Sheet
Consolidated Balance Sheet In ₹ Mn Equities & Liabilities FY20 FY21 FY22 FY23 Sept - 23 Equity 408.17 465.45 479.23 773.62 773.62 Reserves 25,061.78 22,730.21 23,357.76 28,105.94 28,753.77 Net Worth 25,469.95 23,195.66 23,836.99 28,879.56 29,527.39 Minority Interest 330.98 612.90 714.11 878.20 -72.6
Slide 17: Consolidated Debt Highlight
Consolidated Debt Highlight Term Debt Working Capital Debt Total Debt BG / LC Charges & Other Borrowing Cost In ₹ Mn Interest on Contractee Advances In ₹ Mn Interest to Lenders 21,751.79 Total Finance Cost 19,923.19 1,039.10 916.77 188.09 11,932.05 167.80 11,554.71 262.44 200.73 Investor Presentatio
Slide 18: Q2 FY24 Operational Highlights
Q2 FY24 Operational Highlights
Slide 19: New Projects Received in Q2 FY24
Project Name: Project Name: Nira Deoghar Right Bank Nira Deoghar Right Bank Main Canal Km 66 to Km 76 Main Canal Km 77 to Km 87 Project Location: Project Location: Maharashtra Maharashtra New Projects Client: Received in Q2 Client: Maharashtra Krishna Valley FY24 Maharashtra Krishna Valley Developme
Slide 20: Projects Converted into LOA in Q2 FY24
Project Name: Project Name: Narmada Gambhir Jal Nigam Dibang Multipurpose Project Project Project Location: Project Location: Madhaya Pradesh Arunachal Pradesh Projects Client: Converted Into Client: Madhya Pradesh Jal Nigam LOA in Q2 FY24 NHPC Limited Investor Presentation Q2 FY24 Contract Value: C
Slide 21: Q2 FY24 Milestones
Keoti-Antagarh-Taroki New Rail Line Work. Breaking Ground: Patel Engineering’s A new railway line project, connecting Keoti and Taroki, was undertaken by RVNL Raipur in July 2016. This project was divided into two sections: Keoti to Antagarh (Km.42.6 to 59.86) and Antagarh to Taroki (Km.59.86 to 77.
Slide 22: Order Book Highlights
Since 1949 = rS A, Ordér Book Highlights
Slide 23: Yearly Growth In Order Book
Yearly Growth In Order Book Yearly Order Book 2,08,067 2,00,033* 1,44,660 1,50,110 1,31,840 1,02,150 Investor Presentation Q2 FY24 FY19 FY20 FY21 FY22 FY23 Q2 FY24 *Q2 FY24 Includes Two Projects which is L1 amounting to ₹ 1,809 Mn. 23
Slide 24: Order Book Break Up
Order Book Break Up In % Segment Wise Order Book Client Wise Order Book Project Completion Wise Order Book 4.23% 2.25% 3.12% Hydroelectric 3.58% 5.14% Below 10% Central 11.56% Irrigation Government / 12.85% 10% - 30% PSU’s 34.64% 30% - 50% 44.13% Tunnel 10.08% State Government 50% - 70% Departments
Slide 25: Diversely Spread Works De-Risking Business
Diversly Spread Works De Risking Business Jammu and Kashmir No. of Sr.No. State Project Value Projects Himachal Pradesh 1 Jammu and Kashmir 7 62,520 2 Madhya Pradesh 9 33,504 3 Himachal Pradesh 3 20,020 Arunachal Sikkim Pradesh 4 Maharashtra 12 18,745 Nepal 5 Arunachal Pradesh 2 18,551 Assam 6 Sikki
Slide 26: Major Projects Under Execution
Hydro Power / Tunnelling Irrigation Transportation Urban Infrastructure o Subansiri HEP (2,000 MW) o Sleemanabad Carrier Canal o Shivane to Mhatre bridge o Amarmahal to Trombay Tunnel o IRCON T15 (Railway Tunnel) o Morand & Ganjal Dam o Selapass Road and Tunnel o Hindoli - Nainwa Water Supply Projec
Slide 27: Strong Client Base - Some Major Clients
Strong Client Base – Some Major Clients Investor Presentation Q2 FY24 27
Slide 28: Our Major Achievements
Recipient of many national and international awards First Double lake tapping in Asia – Koyna Project More than 4,000 m Largest surge shaft Largest underground shaft boring in Asia – 38 m dia – power house cavern – completed Rampur Project Srisailam HE Project More than 300 Commissioned more Our Maj
Slide 29: Major completed projects - Hydro Power / Tunneling
Major completed projects - Hydro Power / Tunneling Tuirial Hydro Electro Project Mizoram Parbati Hydro Electro Project (800 MW) USBRL - T2 (60 MW) Investor Presentation Q2 FY24 o Srisailam Left Bank Hydro Power Station (900 MW) o Kameng HEP (600 MW) o Teesta Hydro Electro Project Stage V (510 MW) o
Slide 30: Major completed projects - Irrigation
Major completed projects - Irrigation Kalwakurty Lift Irrigation Project, Andhra Pradesh PLGC Canal, Uttar Pradesh Investor Presentation Q2 FY24 o Polavaram Project (Right Main Canal), Andhra Pradesh o Indira Sagar Project, Andhra Pradesh o Jawahar Lift Irrigation Project , Andhra Pradesh o Vamsudha
Slide 31: Major completed projects - Transportation
Major completed projects - Transportation Krishnagiri - Vaniyambadi NH-46, Tamil Nadu 4 laning NH-7 from Madurai to Kanyakumari, Tamilnadu Investor Presentation Q2 FY24 o Hathipali - Hosur (NH-7), Tamil Nadu o Road from Ramwadi to New PMC Limit under JNNURM Project o Nellore - Kaveli NH-5, Andhra Pr
Slide 32: Major completed projects - Urban Infrastructure
Major completed projects - Urban Infrastructure BYTCO Hospital Mantalia Parliament Building Bhutan Investor Presentation Q2 FY24 o Construction of various water tunneling projects, Maharashtra o Microtunneling & Pipe Jacking for Water Supply & Sewerage, Maharashtra o Dam for Shillong Water Supply, M
Slide 33: Few Landmark Projects That Set Us Apart
Few Landmark Projects That Set Us Apart Ghatghar Dam – Maharashtra 84m high Koyna HE Project - Maharashtra (260MW) 10th fastest completed dam in the world an India’s first RCC Dam First Lake Tapping in Asia. Investor Presentation Q2 FY24 Srisailam HE Project - Andhra Pradesh (900MW) Sawrakuddu HE Pr
Slide 34: Technology Oriented
Micro-tunneling First RCC o Micro-tunneling is the only non invasive Dam in India solution for urban areas First Lake o We are one of the largest Micro-tunneling Contractors Tapping in Asia Asia's largest Double Lake Tap Surge Shaft with a dia of 38 m o A unique technology for connecting water to po
Slide 35: Technology Oriented
New Austrian Tunnelling Method (NATM) Application of Finite Element Method (FEM) Use of Non – technique Destructive Testing Method for assessment of Technology Oriented geological Earth Pressure formation and Balancing material testing Tunnel Boring Machine (TBM) Use of steel Fibre for tunnelling Re
Slide 36: Technology Oriented: Concrete Tower Belt System
Technology Oriented Concrete Tower Belt System The implementation of the Tower Belt System, a conveyor belt concreting system, was a remarkable technological advancement carried out at the Kiru Hydroelectric Project. This system, powered by electricity, plays a crucial role in transporting aggregate
Slide 37: Industry Overview
Industry Overview
Slide 38: Hydropower Overview
Hydro Power – a keen effort taken by the government to boost energy generation — Hydropower supplies at least 50% of electricity production in 66 countries and at least 90% in 24 countries. — India has overtaken Japan, becoming the nation with the fifth-largest hydropower production capacity in the
Slide 39: Hydro Pumped Storage
Hydro Pumped Storage 39 Hydro PSPs of 47 GW are being pursued to be commissioned by the year 2029-30. Hydro Pumped Storage Projects are necessary to achieve Government of India’s commitment of 500 GW installed capacity from non-fossil fuel sources by the year 2030 and Net Zero carbon emissions by th
Slide 40: Power Industry Overview
Power Industry Overview The Ministry of Power has made significant efforts over the past few years to turn the country from one with a power shortage to one with a surplus by establishing a single national grid, FDI in India’s renewable fortifying the distribution network, and achieving Investment B
Slide 41: Micro Irrigation The Way Forward
Micro Irrigation The Way Forward Importance of Micro Irrigation Micro Irrigation in India Government Initiative o Micro-irrigation increases water efficiency as o In India, the average penetration of micro o The government started micro irrigation in the much as 50%-90%. irrigation is 19% (as of Feb
Slide 42: Management Overview
Management Overview
Slide 43: Professional & Experienced Board Of Directors
Professional & Experienced Board Of K. Ramasubramanian Rupen Patel Kavita Shirvaikar Directors Chairman & Managing Whole Time Director & CFO Independent Director Director Investor Presentation Q2 FY24 Sunanda Rajendran Shambhu Singh Ashwin Parmar Independent INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR
Slide 44: Core Management Team
Core Management Team Mr. Rupen Patel Promoter, Chairman & Managing Director A third generation entrepreneur, Mr. Rupen Patel, holds an MBA from Babson College, USA. He began his career as an Advisor to the Board of Patel Engineering Limited in 1993. Appointed as Executive Director in 1996, he was el
Slide 45: Core Management Team
Core Management Team Mrs. Kavita Shirvaikar Whole Time Director & CFO A qualified Chartered Accountant and a Graduate of the Institute of Cost & Works Accountants of India, Ms. Kavita Shirvaikar, who specializes in accounting, tax, audit, banking, finance, and fund management, has completed difficul
Slide 46: The Way Forward
ee may rs sees a 1 eee Patal Since 1949
Slide 47: Monetization of Non-Core Assets: Sale of Land Bank & Arbitration Awards
Monetization of Non-Core Assets: Sale of Land Bank & Arbitration Awards Total Available Land Bank Balance Land Approximate Value ~ 2,150 Acres. Bank Details ₹ ~ 10,000 Mn Details Some Of The Major Land Parcels State / City Locality Available Area Karnataka, Bangalore Electronic City ~ 15 acres Mahar
Slide 48: Future Growth Drivers
Future Growth Drivers Over the past few Reduction of Debt Infrastructure years the company which shall help in development is prime has monetized non reduction of interest focus of GOI which has core asset for cost and improve been continued in the profitability reduction of debt FY24 budget with wh
Slide 49: Investment Highlights
A leading player in the hydroelectric space, with a Strong experience and reputation in the track record of participating in some of India's most infrastructure space for over 74 years. prestigious and strategically significant projects. The government's focus on hydroelectric Our focus on niche seg
Slide 50: Thank You
Thank You Patel Engineering Limited Contact: Rahul Agarwal Phone: +91 22 2676 7500 Website: www.pateleng.com E-mail: investors@pateleng.com Kirin Advisors Private Limited Contact: Vastupal Shah Phone: +91 22 4100 2455 Website: www.kirinadvisors.com E-mail: vastupal@kirinadvisors.com