Cemindia Projects Ltd · NSE:CEMPRO
Cemindia Projects — ITD Cementation India — Q1 FY24 Earnings Presentation
25 slides from Cemindia Projects's earnings presentation, Aug 7, 2023
Slide 1: Exchange cover letter for Q1 FY24 results presentation
Cem ITD Cementation India Limited Commitment, Reliability & Quality Dept. of Corporate Services – Corporate National Stock Exchange of India Relationship, Limited, BSE Limited, Listing Department, Phiroze Jeejeebhoy Towers, Dalal Street, Exchange Plaza, C-1, Block ‘G’ Mumbai 400 001. Bandra-Kurla Co
Slide 2: ITD Cementation India Limited Investor Presentation Q1 FY24
Rubble Mound Breakwater Vizhinjam Port in Kerala ITD Cementation India Limited Investor Presentation Q1 FY24 Kolkata metro station building in West Bengal Cem Commitment, Reliability, Quality Sivok Rangpo railway tunnel in West Bengal and Sikkim 1
Slide 3: Forward-Looking Statements (Disclaimer)
FORWARD-LOOKING STATEMENTS (DISCLAIMER) This Presentation is for general information only and may contain statements about expected future events and financial and operating results of ITD Cementation India Limited, which could be forward-looking. By their nature, forward-looking statements require
Slide 4: Overview – Nine Decades of Sustainable Presence in India
OVERVIEW – NINE DECADES OF SUSTAINABLE PRESENCE IN INDIA PROMOTERS ORDERBOOK PRESENCE EMPLOYEE BASE CREDIT RATING PAN INDIA OVER 14,500 ICRA A and CARE A Rs 1,85,168 (13 STATES & 2 UT) (including contractual 46.64% ‘STABLE’ 1 INTERNATIONAL personnel and MILLION PROJECT workers) OUTLOOK DIVERSIFIED A
Slide 5: Vision & Mission
VISION & MISSION VISION MISSION Our aim is a satisfied client, a strong and To make ITD Cementation proactive workforce and India Limited, the quality product finished country’s leading on time maintaining construction Company in highest safety standard customer choice, quality and to budget and saf
Slide 6: History
HISTORY 1978: 1996: 2000: 2004: 1994: 1931: Branch office was Cemindia Company Kvaerner ASA acquired Skanska AB acquired ITD, acquired Skanska AB interest in Skanska converted into India Trafalgar House Plc in Kvaerner Construction The Cementation subsidiary (named as Limited renamed as 1996 and cha
Slide 7: Italian-Thai Development Public Company Limited (ITD)
ITALIAN-THAI DEVELOPMENT PUBLIC COMPANY LIMITED (ITD) Amongst the leading Infrastructure & largest construction company in Thailand for over 60 years. Received ‘The Royal Seal of Garuda’ in 1985 - Highest and most honorable achievement for civilian Co’s in Thailand Total works in Hand : ~Rs. 7
Slide 8: Corporate Structure
CORPORATE STRUCTURE ITD Cementation India Limited 100% 80% 40% 95% 51% 49% 60% ITD Cementation ITD ITD - ITD Cem JV ITD - ITD Cem JV ITD Cem - Maytas CEC - ITD Cem Projects India Ltd CemIndia JV (Consortium of ITD ITD Cem - BBJ JV Consortium - TPL JV - ITD Cementation) Design & Construction of Desig
Slide 9: Shareholding Pattern (June 30, 2023)
SHAREHOLDING PATTERN (JUNE 30, 2023) Bodies Corporate, 6.2% Market Cap of over Rs 31,000 million as on August 07, 2023 Promoter, Individual, 46.6% Listed in BSE and NSE 29.1% FII, 13.5% Strong institutional shareholding of ~18% i.e. FII’s and Mutual Funds Mutual Funds, 4.6% Amongst few construction
Slide 10: Board of Directors
BOARD OF DIRECTORS Chairman Executive Vice Chairman Managing Director MR. PIYACHAI KARNASUTA MR. SANTI JONGKONGKA MR. JAYANTA BASU Independent Director Independent Director Independent Director MR. SUNIL SHAH SINGH MS. JANA CHATRA MR. PANKAJ I.C.JAIN Cem Commitment, Reliability, Quality 9
Slide 11: Performance Highlights
PERFORMANCE HIGHLIGHTS REVENUE EBITDA Q1 FY24 67% 73% Rs 18,326 million Rs 1,744 million Key PAT NEW ORDERS Highlights 73% Rs 2,471 million in Q1 FY24 Rs 523 million Cem Commitment, Reliability, Quality 10
Slide 12: Standalone Financials
STANDALONE FINANCIALS (All figures in Rs million) Revenue from Operations (Yearly) Revenue from Operations (Quarterly) 50,000 46,749 20,000 18,000 15,802 40,000 15,000 32,495 11,918 30,000 9,650 9,380 21,420 22,083 10,000 20,000 5,000 10,000 0 0 June'22 Sep'22 Dec'22 Mar'23 June'23 Mar'20 Mar'21 Mar
Slide 13: Standalone Financials
STANDALONE FINANCIALS (All figures in Rs million) Profit After Tax (Yearly) Profit After Tax (Quarterly) 1,400 1,242 600 522 1,200 500 1,000 366 378 400 800 688 301 300 600 197 432 200 400 158 100 200 0 0 June'22 Sep'22 Dec'22 Mar'23 June'23 Mar'20 Mar'21 Mar'22 Mar'23 Networth (Yearly) Debt and Deb
Slide 14: Consolidated Financials
CONSOLIDATED FINANCIALS (All figures in Rs million) Revenue from Operations (Yearly) Revenue from Operations (Quarterly) 60,000 20,000 18,326 50,909 16,314 50,000 38,090 15,000 13,270 40,000 10,978 10,347 28,607 27,277 30,000 10,000 20,000 5,000 10,000 0 0 Mar'20 Mar'21 Mar'22 Mar'23 June'22 Sep'22
Slide 15: Consolidated Financials
CONSOLIDATED FINANCIALS (All figures in Rs million) Profit After Tax (Yearly) Profit After Tax (Quarterly) 1,400 600 1,247 523 1,200 500 1,000 400 369 377 302 800 693 300 600 200 438 200 400 160 100 200 0 0 June'22 Sep'22 Dec'22 Mar'23 June'23 Mar'20 Mar'21 Mar'22 Mar'23 Networth (Yearly) Debt and D
Slide 16: Order Book Analysis
ORDER BOOK ANALYSIS (All figures in Rs million) 2,50,000 2,00,436 2,00,000 1,85,168 1,55,478 1,50,000 1,17,431 1,17,323 1,00,000 50,000 0 Mar'20 Mar'21 Mar'22 Mar'23 June'23 • Diversified order book of Rs 1,85,168 million provides multi year revenue visibility • Secured orders worth Rs 2,471 million
Slide 17: Order Book Break-up as on June 30, 2023
ORDER BOOK BREAK-UP AS ON JUNE 30, 2023 (All figures in Rs million) Contract Value % Project Name (Rs million) Order book Urban Infrastructure, MRTS and Airports 57,413 31.0% Highway, Bridges and Flyovers 42,272 22.8% Maritime Structures 32,409 17.5% Industrial Structures and Buildings 28,708 15.5%
Slide 18: Urban Infrastructure, MRTS and Airports
URBAN INFRASTRUCTURE, MRTS AND AIRPORTS Chennai underground metro tunnel boring machine in Tamil Nadu ORDER BOOK Rs 57,413 million Metro Rail Airports Ahmedabad airport in Gujarat Underground tunneling and Construction of new terminal stations for metros in Chennai, building in Trichy airport, T
Slide 19: Highways, Bridges and Flyovers
HIGHWAYS, BRIDGES AND FLYOVERS Ganga Expressway six laning road project in Uttar Pradesh ORDER BOOK Rs 42,272 million Steel bridge over river Ganga in Uttar Pradesh MAJOR PROJECTS UNDER EXECUTION Six Laning road project in Uttar Pradesh Steel Bridge over river Ganga in Uttar Pradesh Cem Commitme
Slide 20: Maritime Structures
MARITIME STRUCTURES Udangudi project in Tamil Nadu ORDER BOOK Rs 32,409 million Kamarajar Port in Tamil Nadu MAJOR PROJECTS UNDER EXECUTION Piers, Landside Tunnels & Building in West Container Terminal in the Karwar, Karnataka Port of Colombo, Sri Lanka Udangudi Supercritical Power Project W
Slide 21: Industrial Structure and Buildings
INDUSTRIAL STRUCTURE AND BUILDINGS Circuit bench of Calcutta High Court in West Bengal ORDER BOOK Rs 28,708 million Buildings for Sikkim University in Sikkim MAJOR PROJECTS UNDER EXECUTION Redevelopment of Residential colony Circuit bench of Calcutta High at Kasturba Nagar in New Delhi Court at
Slide 22: Hydro, Dams, Tunnels and Irrigation
HYDRO, DAMS, TUNNELS AND IRRIGATION Sivok Rangpo railway tunnel in Sikkim and West Bengal ORDER BOOK Rs 15,151 million Churial canal project in West Bengal MAJOR PROJECTS UNDER EXECUTION Railway tunnels in West Bengal Water conveyor system of lined and Sikkim gravity canal/tunnels in Telangana C
Slide 23: Water and Waste Water | Foundation & Specialist Engineering
WATER AND WASTE WATER | FOUNDATION & SPECIALIST ENGINEERING Bhama Askhed water project in Maharashtra WATER AND WASTE WATER Rs 5,548 million Piling and Ground improvement work in Odisha FOUNDATION AND SPECIALIST ENGINEERING Rs 3,667 million WATER AND WASTE WATER FOUNDATION AND SPECIALIST ENGINEERING
Slide 24: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS Experienced Promoters backed by professional management team Robust orderbook of Rs 1,85,168 million – Multi year revenue visibility Diversified order book to minimize risks from slowdown in any business areas Summary Conservatively financed with Net Debt:Equity of 0.49x St
Slide 25: Thank You
Thank You Cem Commitment, Reliability, Quality 24
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