Slide 1: Cover letter to stock exchanges on Q2 & H1 FY17 results
Oy GAYATRI Date: December 22, 2016. To, , To, The General Manager, The Secretary, The Department of Corporate Relations, National Stock Exchange of India Ltd. The Bombay Stock Exchange Limited., 5" Floor, Exchange Plaza 25" Floor, Phiroz Jeejeebhoy Towers, Plot No.C/1, G Block Dalal Street, Mumbai —
Slide 2: Q2 & H1 FY17 Results Presentation
Q2 & H1 FY17 Results Presentation December, 2016
Slide 3: 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 4: Index
Index Financial Highlights – Q2 & H1 FY17 Order Book H1 FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 3 Copyright 2016 Gayatri Project Ltd
Slide 5: Financial Highlights – Q2 & H1 FY17
Financial Highlights – Q2 & H1 FY17 Order Book H1 FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 4 Copyright 2016 Gayatri Project Ltd
Slide 6: H1 FY17 Financial Performance – At a Glance
H1 FY17 Financial Performance – At a Glance +8.3% +7.1% +55% REVENUE EBITDA PAT ORDER BOOK* Rs.782cr Rs.115cr Rs.28cr Rs.12,510cr * As of Nov, 2016. 3 in-operative irrigation orders totaling Rs1,778cr removed from order book in 2Q. 5 Copyright 2016 Gayatri Project Ltd
Slide 7: Key Highlights – H1 FY17
Key Highlights – H1 FY17 • Bagged orders in excess of Rs.4,200 crore during H1 FY17 – – Rs. 1,255 crore NHAI order for four laning of Angul – Sambalpur section of NH-42 in the state of Odisha under NHDP – IV on EPC mode in JV with Russian Construction Company PTPS – Rs. 926 crore order from Bihar St
Slide 8: Q2 FY17 Highlights
Q2 FY17 Highlights Figs. In crore REVENUE EBITDA 347 315 50 55 Q2 FY16 Q2 FY17 Q2 FY16 Q2 FY17 PAT • Weak revenue growth of 10% despite a 12 strong accretion in order book over last 15 months is due to excessive monsoon and 7 delays in start of work at new project sites (primarily land acquisition i
Slide 9: M.D.’s Comments
M.D.’s Comments Commenting on the results, Mr. Sandeep Kumar Reddy, Managing Director, Gayatri Projects Limited said “Our performance for the first half has been fairly solid, especially on the EPC order accretion front. We have been focusing on pure EPC business and over the last 15 months we have
Slide 10: Order Book
Financial Highlights – Q2 & H1 FY17 Order Book H1 FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 9 Copyright 2016 Gayatri Project Ltd
Slide 11: Order Book Update
Order Book Update Order Book - Details • Order-book accretion gathers pace - order-backlog of Rs.12,510 Cr currently. o This is after we have removed 3 in-operative irrigation orders totaling up to Rs1,778cr awarded by AP / Order Book – Break Up Telangana govt. from the order book during Q2 FY17. o
Slide 12: Recent Developments
Recent Developments Financial Highlights – Q2 & H1 FY17 Order Book H1 FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 11 Copyright 2016 Gayatri Project Ltd
Slide 13: Recent Developments
Recent Developments 1 Strong order inflows Comprehensive restructuring and separate 2 listing of road assets Power Genco Asset Holding Structure Optimised 3 – Call option written by Sembcorp SembCorp Gayatri Power – Completes 4 Construction work of its first 660 MW unit 5 Board to consider sub – div
Slide 14: EPC Biz – Momentum in Order Inflows continue
EPC Biz – Momentum in Order Inflows continue • Bagged orders worth more than Rs.4,200 crore during the current year • Rs. 1,255 crore NHAI order for four laning of Angul – Sambalpur section of NH-42 in the state of Odisha under NHDP – IV on EPC mode in JV with Russian Construction Company PTPS • Rs.
Slide 15: Restructuring & Separate listing of Road Assets
Restructuring & Separate listing of Road Assets Subsidiary • Transfer of investments in Sai Gayatri Maatarini Tollways Limited Gayatri Gayatri Infra from Gayatri Projects Limited Step 1 Projects SMTL Domicile to Gayatri Domicile Private Ventures Ltd Ltd Pvt. Ltd Limited at book value • Post transfer
Slide 16: Optimization of Power Genco Asset Holding Structure - Sembcorp Call Option
Optimization of Power Genco Asset Holding Structure - Sembcorp Call Option GEVL was initially planning to increase stake in power generation subsidiaries (TPCIL, SGPL, 2640MW) to 30% each by raising capital through mezzanine funding. That plan has been aborted and a call option structure has been ne
Slide 17: Sembcorp Gayatri Power Concludes Construction of Its First 660-MW Unit
Sembcorp Gayatri Power Concludes Construction of Its First 660-mw Unit • Sembcorp Gayatri Power Limited (SGPL) (formerly NCC Power Projects Limited), completes construction of its first 660 MW unit • Second unit of the 660 MW in expected to be completed in the first quarter of 2017 • Sembcorp Gayatr
Slide 18: Board to consider - Stock Split
Board to consider - Stock Split • Board to consider & approve sub division of nominal value of equity shares of Rs. 10/- per share to Rs. 2/- per share and Alteration of Memorandum & Articles of Association of the Company to reflect the same in line with the provisions of the Companies Act, 2013 on
Slide 19: Asset-holding Subsidiaries
Financial Highlights – Q2 & H1 FY17 Order Book H1 FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 18 Copyright 2016 Gayatri Project Ltd
Slide 20: Development of Road Assets
Development of Road Assets Portfolio Summary • Gayatri Infra Ventures Ltd, a Concession subsidiary of Gayatri Projects GIVL Length Annuity Based Projects Status COD Period Stake (kms) Ltd dedicated towards (Years) development of road assets Gayatri Jhansi Roadways Limited PCC 51% Jun 2010 20 50.0 (G
Slide 21: Development of Power Assets
Development of Power Assets Portfolio Summary • Incorporated in 2008, Gayatri Energy Ventures Ltd is a Sembcorp Gayatri wholly owned subsidiary of Gayatri Projects TPCIL Power Project "(Formerly NCCPPL)" • Current Portfolio: Capacity 1,320 Mw (2x660 Mw) 1,320 Mw (2x660 Mw) o TPCIL & SGPL "(Formerly
Slide 22: Outlook
Financial Highlights – Q2 & H1 FY17 Order Book H1 FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 21 Copyright 2016 Gayatri Project Ltd
Slide 23: Outlook
Outlook • Government’s efforts towards reviving investment climate by stepping up infrastructure spend is likely to ensure continued addition to our already CONSTRUCTION strong order book. We expect to maintain the new order accretion pace achieved during last financial year. • Growth in constructio
Slide 24: About Us
Financial Highlights – Q2 & H1 FY17 Order Book H1 FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 23 Copyright 2016 Gayatri Project Ltd
Slide 25: About Us
About Us • Gayatri Projects Limited (Parent Company) core construction Company Company Structure • Dedicated subsidiaries to focus on Road and Power segment Gayatri Projects Ltd. Development of Road Assets: o GIVL, dedicated towards development of road assets Core Construction Development of Develop
Slide 26: Gayatri Projects – Construction arm
Gayatri Projects – Construction arm • Core Construction Company with a Pan India Presence • Rich DNA of almost 50 years’ experience in Project execution • Strong, well-diversified order book of Rs.12,510 cr currently. Among the market leaders in new EPC contracts awarded by NHAI. • Client list inclu
Slide 27: Financial Performance at a Glance…
Financial Performance at a Glance… Figs. In crore Sales EBITDA 300 260 1,813 1,812 1,601 208 FY14 FY15 FY16 FY14 FY15 FY16 PAT 59 48 22 FY14 FY15 FY16 26 Copyright 2016 Gayatri Project Ltd
Slide 28: Annexure: Restructuring of Road Assets – Road Ahead
Financial Highlights – Q2 & H1 FY17 Order Book H1 FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 27 Copyright 2016 Gayatri Project Ltd
Slide 29: Scheme Conditional On Approvals/ Sanctions
Scheme Conditional On Approvals/ Sanctions This Scheme is conditional upon and subject to: Requisite approvals, clearances or permissions that may be required to be obtained under applicable laws, or where applicable, the waiting periods or time periods for approval of the Reserve Bank of India, r
Slide 30: For further information please contact
For further information please contact: K.G. Naidu (Vice President-Finance) Gavin Desa / Suraj Digawalekar Gayatri Projects Limited CDR India Tel: +91 40 23310330/23314284/4296 Tel: +91 22 66451237 / 66451235 Email: kgnaidu@gayatri.co.in Fax: +91 22 66451213 Email: gavin@cdr-india.com / suraj@cdr-in
Slide 31: Fact sheet: Gayatri Projects overview
Share Price Rs.641.9 Market Cap Rs.2,258cr Overview Gayatri Projects Limited is a well-established EPC contractor with more than 50 years of experience in construction of Roads, Irrigation, rd Industrial & Power Transmission projects across India. GPL’s current EPC order backlog includes 2/3 orders
Slide 32: Un-audited financial results for quarter and half year ended 30 September 2016
Regd. Office: B1, TSR TOWERS, 6-3-1090, RAJ BHAVAN ROAD, SOMAJIGUDA, HYDERABAD-500082 GAYATRI UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER & HALF YEAR ENDED 30th SEPTEMBER 2016 CIN : L99999TG1989PLC057289 (in Lakhs) S.No] Particulars ‘Quarter Ended Half Year Ended Year Ended 30.09.2016 30.06.2016 30
Slide 33: Notes to the financial results
Notes: - 7 1 The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on 9th December, 2016. As notified by the Ministry of Corporate Affairs (MCA) the indian Accounting Standards (Ind AS) are applicable to the Company for
Slide 34: Independent Auditors’ Review Report
oN MOS & ASSOCIATES LLP Chartered Accountants Independent Auditors’ Review Report on Review of Interim Financial Results To The Board of Directors Gayatri Projects Limited ” 1, We have reviewed the accompanying statement of Standalone Unaudited Financial Results of M/s. Gayatri Projects Limited (‘th
Slide 35: Q2 & H1FY17 Earnings Call Invitation
Gayatri Projects Ltd Q2 & H1FY17 Earnings Call Wednesday, January 4, 2017 at 11.00 a.m. IST Hyderabad, December 22, 2016: Gayatri Projects Limited (GPL), a prominent and well established infrastructure company specializing in road, irrigation and industrial projects, with a pan India presence and a