Slide 1: Submission of Investor/Analysts Presentation to exchanges
CIN: L99999MH1949PLC007039 August 10, 2023 To, BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra - Kurla Complex, Mumbai - 400 001 Mumbai - 400 051 Company Code No. 531120 Company Code: PATELENG/EQ Dear Sir/Mam, Subject: Submissi
Slide 2: Patel Engineering Limited Investor Presentation Q1 FY24
Patel Engineering Limited Investor Presentation | Q1 FY24
Slide 3: 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 4: Company Overview
Company Overview
Slide 5: 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 6: 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 Q1 FY24 VISION Vision and Missio
Slide 7: Key Facts and Figures
Key Facts and Figures 7+ decades 15 States 15,000+ Experience Current Domestic Presence MW Hydro Project 87+ 300+ Kms 5.5+ Lakhs Dams of Tunnels Acres Irrigated 1,200+ Kms ₹ 2,00,142 Mn BBB+ Investor Presentation Q1 FY24 Road Order book ( Including L1 Orders) Credit rating Q1 FY24 Cons. Q1 FY24 Cons
Slide 8: Stock Data
Stock Data NSE: PATELENG BSE: 531120 | ISIN: INE244B01030 Share Holding Pattern As on 09-08-2023 As on 30-06-2023 Share Price (₹) 49.02 Market Capitalization (₹ Mn) 37,922.72 No. of Shares Outstanding 77,36,17,228 Promoters Face Value (₹) 1.00 39.41% 52 week High - Low (₹) 52.00 – 13.10 FII 48.96% T
Slide 9: Q1 FY24 Financial Highlights
Q1 FY24 Financial Highlights
Slide 10: Key Highlights for Q1 FY24
Key Highlights for Q1 FY24 MONTIZATION OF Strategic Sale of 41.01 % Stake in Michigan Engineers Pvt. Ltd. for NON-CORE ASSETS ₹ 701.20 Million to Authum Investment & Infrastructure Limited. Remaining stake - 9.99%. Revenue Net Profit Revenue Net Profit HEALTHY GROWTH IN TOP LINE AND 23.79% 273.39% 2
Slide 11: Q1 FY24 Standalone Results Highlights
Q1 FY24 Standalone Results Highlights Revenue from Operations In ₹ Mn Operating EBITDA In ₹ Mn Net Profit In ₹ Mn Revenue Op. EBITDA Net Profit 10,907.00 1,307.60 8,810.90 1,522.07 1,228.20 350.20 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY24 Revenue Breakup Q1 FY23 Revenue Breakup Investo
Slide 12: Q1 FY24 Standalone Results Highlights
Q1 FY24 Standalone Results Highlights In ₹ Mn Particular Q1 FY24 Q1 FY23 Y-O-Y % FY23 FY22 Y-O-Y % Revenue from Operations 10,907.00 8,810.90 23.79% 38,171.26 30,298.46 25.98% Expenses 9,384.93 7,582.70 32,766.48 25,723.11 Operating EBITDA 1,522.07 1,228.20 23.93% 5,404.78 4,575.35 18.13% Operating
Slide 13: Q1 FY24 Consolidated Results Highlights
Q1 FY24 Consolidated Results Highlights Revenue from Operations In ₹ Mn Operating EBITDA In ₹ Mn Net Profit In ₹ Mn Revenue Op. EBITDA Net Profit 11,186.11 1,705.63 382.88 Investor Presentation Q1 FY24 9,011.10 1,338.60 312.50 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 Q1 FY23 Q1 FY24 12 Note – Restated Financ
Slide 14: Q1 FY24 Consolidated Results Highlights
Q1 FY24 Consolidated Results Highlights In ₹ Mn Particular Q1 FY24 Q1 FY23 Y-O-Y % FY23 Revenue from Operations 11,186.11 9,011.10 24.14% 38,911.47 Expenses 9,480.48 7,672.50 33,295.82 Operating EBITDA 1,705.63 1,338.60 27.42% 5,615.65 Operating EBITDA Margin 15.25% 14.86% 14.87% Depreciation 220.34
Slide 15: 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 22,499.36 Interest to Lenders Total Finance Cost 19,556.75 992.26 884.14 167.11 14,962.74 11,142.93 192.38 296.60 190.40 Investor Presentation
Slide 16: Q1 FY24 Operational Highlights
Q1 FY24 Operational Highlights
Slide 17: Q1 FY24 Project Milestones
Breaking Ground: Patel Engineering’s Q1 FY24 Project Milestones Kwar Hydroelectric Project (Lot-1): Arun-3 Hydroelectric project: Tunnel T-15 Project: The project located in District Kishtwar of The project is located in Nepal which The project is located in Jammu & J&K which comprises of Diversion
Slide 18: New projects converted to LOA and received
Project Name: Project Name: Krishna Marathwada Irrigation Project - Scheme 1. Krishna Marathwada Irrigation Project - Scheme 2. Project Location: Maharashtra. Project Location: Maharashtra. Client: Water Resources Department, Government of Client: Maharashtra. Water Resources Department, Government
Slide 19: Order Book Highlights
Since 1949 = rS A, Ordér Book Highlights
Slide 20: Yearly Growth In Order Book
Yearly Growth In Order Book Yearly Order Book 2,08,067 2,00,142* 1,44,660 1,50,110 1,31,840 1,02,150 Investor Presentation Q1 FY24 FY19 FY20 FY21 FY22 FY23 Q1 FY24 *Q1 FY24 Includes one Projects which is L1 amounting to ₹ 18,185 Mn. 19
Slide 21: Order Book Break Up
Order Book Break Up In % Segment Wise Order Book Client Wise Order Book Project Completion Wise Order Book 3.39% 1.96% 0.77% Hydroelectric 3.88% 7.98% Below 10% 12.19% Central Irrigation 7.71% Government / 10% - 30% PSU’s 40.59% 30% - 50% Tunnel 41.75% 16.24% 54.36% State Government 50% - 70% 21.28%
Slide 22: 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 64,038 2 Himachal Pradesh 3 20,819 3 Madhya Pradesh 8 30,778 Arunachal Sikkim Pradesh 4 Maharashtra 10 16,918 Nepal 5 Sikkim 1 11,289 Assam Assam and Arunacha
Slide 23: 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 24: Strong Client Base – Some Major Clients
Strong Client Base – Some Major Clients Investor Presentation Q1 FY24 23
Slide 25: 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 26: 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 Q1 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 27: Major completed projects - Irrigation
Major completed projects - Irrigation Kalwakurty Lift Irrigation Project, Andhra Pradesh PLGC Canal, Uttar Pradesh Investor Presentation Q1 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 28: 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 Q1 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 29: Major completed projects - Urban Infrastructure
Major completed projects - Urban Infrastructure BYTCO Hospital Mantalia Parliament Building Bhutan Investor Presentation Q1 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 30: 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 Q1 FY24 Srisailam HE Project - Andhra Pradesh (900MW) Sawrakuddu HE Pr
Slide 31: 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 32: 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 33: 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 34: Industry Overview
Industry Overview
Slide 35: 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 36: 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 37: 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 38: Management Overview
Management Overview
Slide 39: Professional & Experienced Board Of Directors
Professional & Experienced Board Of K. Ramasubramanian Directors Rupen Patel Kavita Shirvaikar Sunil D. Sapre Chairman & Managing Whole Time Director & CFO Whole Time Director Independent Director Director Investor Presentation Q1 FY24 Sunanda Rajendran Dr. Barendra Kumar Bhoi Shambhu Singh Ashwin P
Slide 40: 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 41: 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 42: The Way Forward
ee may rs sees a 1 eee Patal Since 1949
Slide 43: Monetization of Non-Core Assets: 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 44: 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 45: 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 46: 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