Sepc Limited · NSE:SEPC
Sepc — Shriram EPC — Q1 FY2013 Earnings Presentation
24 slides from Sepc's earnings presentation, 2012
Slide 1: Q1 FY13 Investor Presentation
Q1 FY13 Investor Presentation
Slide 2: Disclaimer
Disclaimer Some of the statements in this presentation that are not historical facts are forward looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business an
Slide 3: Contents
Contents Strengths 5 Business Overview 6 About SEPC Subsidiaries and JVs 7 Strategic Partners 8 Track Record 9 Opportunity 10 1 SJCL 13 Q1 FY13 Financial Performance 15 Financial & Operating Highlights Abridged P&L 16 Q1 FY13 Financial Overview 17 Operational Highlights 18 2 SJCL – Strategy 19 Miles
Slide 4: Section 1: About SEPC
Section 1: About SEPC
Slide 5: Strengths
Strengths Extensive experience in process and Through its subsidiaries and JVs, SEPC metallurgy, construction of power offers high value solutions in niche plants, water sanitation and waste Diversified segments including cooling towers, water treatment, and mineral Business pipe rehabilitation, and
Slide 6: Business Overview
Business Overview Shriram EPC Leading provider of integrated EPC solutions for renewable energy, process and Process and Municipal Mineral Power Plants metallurgy plants, and Metallurgy Services Processing municipal services Steel Plants Biomass Water Ore Significant project experience, Treatmen
Slide 7: Group Companies
Group Companies Shriram EPC Group Leitwind Shriram Blackstone Hamon Shriram Orient Green Shriram SEPL Manufacturing Group Cottrell Pvt. Ltd. Power Ltd. Composites Ltd. • Manufactures • Main design arm of • Design, • Creating, owning • Manufacturer of WEGs and Wind SEPC construction and and operating
Slide 8: Strategic Partners
Strategic Partners Our Technology Partners Leitwind To manufacture and market MW class Wind Turbines Hamon Group EPC solutions for cooling towers in INDIA Envirotherm Coal gasification Perco Exclusive use of their trademark pipe bursting technology Technical partnerships help SEPC provide the best i
Slide 9: Track Record (Consol. figures)
Track Record (Consol. figures) Revenues 1,862 Consolidated Revenues of 2,000 CAGR 53% 1,670 `1,862 Cr. in FY 2012 1,800 1,600 1,370 1,400 1,200 1,007 ` Crore 1,000 CAGR of 53% for the period 800 703 FY2006 – FY2012 600 301 400 146 200 - FY06 FY07 FY08 FY09 FY10 FY11 FY12 PAT Consolidated PAT of `42
Slide 10: Opportunity
Opportunity Immense opportunity for players in the EPC spaces The EPC market opportunity is still largely interdependent on the fortunes of the infrastructure sector. Huge investments have been planned in ports, railways, roads and bridges, irrigation, power, and water supply and sanitation. Assumin
Slide 11: Opportunity
Opportunity Municipal Services % of Population with Access to Sanitation 58.0% 56.9% 56.9% The percentage of urban population in India 56.0% 55.2% has been increasing at a tremendous pace. 53.1% 53.6% 54.0% 56.0% 54.0% And over a period of 20 years, that 52.0% percentage of population with access to
Slide 12: Opportunity
Opportunity Group Companies • Cooling towers help to decrease power plants’ operational costs. Demand from power plant manufactures for cooling towers is expected to increase going forward. • SEPL Composites can develop pipes of different diameters and flexibilities, allowing the Company to meet the
Slide 13: Sree Jayajothi Cement Ltd
Sree Jayajothi Cement Ltd Outstanding About SJCL of ` 352 Cr • Located in Andhra Pradesh SEPC SJCL • Operating Plant with capacity of 3.2 MTPA Converted • Captive limestone reserves ` 94 Cr into - 19% Equity Near term objectives • SEPC + group entities have acquired 49% majority control – 68% (19% +
Slide 14: Section 2: Financial & Operating Highlights
Section 2: Financial & Operating Highlights
Slide 15: Q1FY13 Financial Highlights
Q1FY13 Financial Highlights Q1 FY13 Net Sales at ` 408.2 crore vs ` 297.3 crore in Q1 FY12 Q1 FY13 EBITDA (incl. other income) at ` 71.8 crore vs ` 66.0 crore in Q1 FY12 Q1 FY13 PAT at ` 1.0 crore vs ` 7.9 crore in Q1 FY12 impacted by increased finance costs Standalone Order book of ` 2,957
Slide 16: Abridged P&L
Abridged P&L ` crore Standalone Income Statement Percentage Q1FY13 Q1FY12 Change Net sales/Income from operations 408.2 297.3 37% Other operating income 2.6 1.4 89% Other income 8.3 9.0 -8% Total Income from Operations 419.1 307.6 36% Total Expenditure 347.4 241.7 44% EBITDA 71.8 66.0 9% Depreciatio
Slide 17: Q1 FY13 Financial Overview
Q1 FY13 Financial Overview Revenues EBITDA 450 408.2 73 71.8 400 72 71 350 297.3 70 300 69 250 68 ` crore 200 67 66 ` crore 150 66 100 65 50 64 0 63 Q1 FY12 Q1 FY13 Q1 FY12 Q1 FY13 Healthy order book position and project PAT execution cycle driving revenue growth 9 7.9 Incremental increase in or
Slide 18: Operating Highlights
Operating Highlights The company’s order-book on a standalone basis stands at ` 2,957 crore as of June 30, 2012 compared to ` 2,924 crore as of March 31, 2012 During the quarter, the company received the following orders: An order from the Kerala Water Authority amounting to ` 165 crore for se
Slide 19: SJCL – Strategy
SJCL – Strategy Two pronged strategy: to improve capacity utilisation in the near term increase nameplate capacity in the medium term Improvement in utilisation rate: Current capacity utilization of ~30% as of end FY12 to be scaled up to ~60% by end FY13 and >90% in FY14 Current capacity
Slide 20: Section 3: Corporate Overview
Section 3: Corporate Overview
Slide 21: Milestones
Milestones • Incorporation of the Company • JV with Leitner Technologies for Megawatt class 2000 • Receipt of 1st Biomass Power Plant Order 2007 wind turbines • Installation of MW class Wind Electric Generator • First contract for Coal Gasification Plant • JV with Strategic Eng. For GRP pipes 2008 •
Slide 22: Shareholding Structure
Shareholding Structure Shareholding Structure – June 30 2012 14.4% PROMOTERS 0.7% BESSEMER VENTURE 3.9% 39.3% PARTNERS TRUST UTI IAS 4.5% AGRONAUT VENTURES NEW VERNON PRIVATE 5.4% EQUITY LTD RELIANCE MF LIC 8.5% OTHERS 23.6%
Slide 23: Projects Executed
Projects Executed 10 MW POWER PLANT FOR VARUN PIPE REHABILITATION CROSS COUNTRY CONVEYOR 10 MW POWER PLANT FOR ETA BIO ENERGY FOR SREE JAYAJYOTHI CEMENT POWERGEN WATER TREATMENT FOR 1.5 MW WIND TURBINE AT UTHUMALAI TWAD BOARD COAL GASIFICATION PLANT COLOUR COATING LINE FOR TATA SILOS AT KFL, KERALA
Slide 24: ZINTA a
27 ZINTA a