Vascon Engineers Limited · NSE:VASCONEQ
Vascon Engineers — Q4 FY2020 Earnings Presentation
25 slides from Vascon Engineers's earnings presentation, Jun 12, 2020
Slide 1: Presentation Update cover letter to stock exchanges
Date: June 12, 2020 To, To, National Stock Exchange of India Limited, BSE Limited, Listing Department, The Department of Corporate Services Exchange Plaza, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra (E), Mumbai – 400 051 Fort, Mumbai 400 001 Ref Symbol: VASCONEQ Ref: Scrip Code: 533156 Subject:
Slide 2: Investor Presentation June 2020
INVESTOR PRESENTATION | June 2020
Slide 3: Disclaimer
DISCLAIMER This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vascon Engineers Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any sec
Slide 4: Impact of COVID-19
IMPACT OF COVID-19 • Construction activities came to halt amid lockdown across the country which will lead to Construction extension of construction timelines. Activities • Labor Migration may pose a challenge in getting construction activities to normalcy in near-term. Expect gradual ramp-up in exe
Slide 5: Major Development in FY20
MAJOR DEVELOPMENT IN FY20 • In FY20, Bagged order worth Rs. 1,671 Cr for third-party EPC, which is highest-ever order intake in a year. • Total Order Book Stands at Rs. 2,060 Cr; External Orders is at Rs. 1,953 and Internal Orders is at Rs. 107 Cr Entered into New Segment- Bagged an Order for Metro
Slide 6: Highest-ever Order-Intake in FY20
HIGHEST-EVER ORDER-INTAKE IN FY20 EPC Business- External Order-Intake Order Intake State Rs. Cr. (In Rs. Cr) 1,953 Public Works Department, Raipur, Chhattisgarh 506 Maharashtra State Police Housing & Maharashtra 465 Welfare Corporation Ltd. Tycoon Avanti Projects Maharashtra 172 1,671 Bangalore Metr
Slide 7: Land Monetization of Rs. 170 Cr
LAND MONETIZATION OF RS. 170 CR Seller Ms Ajanta Enterprise, 50% JV of Vascon Acquirer Pune BP Development Pvt. Ltd. (SPV of Mapletree Investments Pte Ltd ) Location Kharadi Village, Pune Land Parcel Area 30,955 sq. mt. Gross Consideration Rs. 170 Cr ( Entire consideration received by Ms Ajanta Ente
Slide 8: Delivering Consistent Performance
DELIVERING CONSISTENT PERFORMANCE Revenue EBITDA PAT 62 38 392 383 359 284 44 43 38 15 11 6 FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 STANDALONE NUMBERS (IN RS. CRS) DESPITE CHALLENGING INDUSTRY ENVIRONMENT, COMPANY HAS MAINTAINED CONSISTENT REVENUE GROWTH AND FOCUSED ON BUILDING P
Slide 9: P&L Highlights - Q4 & FY20
P&L HIGHLIGHTS- Q4 & FY20 Standalone Consolidated Particulars (Rs. Cr) Q4 FY20 Q4 FY19 FY20 FY19 Q4 FY20 Q4 FY19 FY20 FY19 Revenue 92.13 117.79 366.00 363.45 125.52 158.76 520.92 524.11 Other Income 2.08 4.96 17.24 28.80 3.99 7.24 19.97 36.90 Total Income 94.21 122.75 383.24 392.25 129.51 166.00 540
Slide 10: FY20 Segmental Profit & Loss - After Allocation
FY20- SEGMENTAL PROFIT & LOSS - AFTER ALLOCATION Particulars (Rs. Cr) RE# EPC## GMP Inventorised Total Revenue 161.12 277.05 152.82 590.99 Cost of Sales 93.11 210.01 95.15 0.31 398.58 Gross Profit 68.01 67.04 57.67 192.41 Gross Profit Margin % 42% 24% 38% 33% Other Income 7.30 10.95 4.59 22.84 Emplo
Slide 11: Balance Sheet - Consolidated
BALANCE SHEET- CONSOLIDATED Rs. Cr Mar– 20 Mar– 19 Rs. Cr Mar– 20 Mar– 19 Non-current assets 340.53 345.15 Shareholder’s Fund 743.67 699.59 Fixed assets 107.62 114.26 Share capital 178.14 178.14 Financial Assets 189.78 187.19 Other Equity 556.16 512.10 Non Controlling Interest 9.37 9.35 Other Non Cu
Slide 12: Business Overview
VASCON EEL PT iT th ees 0 a a me = | <a oem AZ MB aps varie eerie ad wee BUSINESS OVERVIEW Bayt) ame x TART TEMA sass ait a i | Bl iat ae ieiag VERE Wn ene ae a
Slide 13: Vascon – At a Glance
VASCON – AT A GLACE ENGINEERING PROCUREMENT & CONSTRUCTION One of the leading EPC Company in India REAL ESTATE DEVELOPMENT Focus on Affordable Housing 12
Slide 14: EPC Business - Overview
EPC BUSINESS- OVERVIEW Construction Experience across various verticals Executed over 200 projects with construction area of over 50 msft Ability to execute around 8 msft per annum Currently executing around 3 msft p.a. – operating at 40% utilization Number of Personnel in Project / Engine
Slide 15: Marquee Clients
MARQUEE CLIENTS MAINTAINING CONSISTENT QUALITY STANDARDS ENSURING REPEAT ORDERS 14
Slide 16: Order Book Build-up & Key Orders
ORDER BOOK BUILD-UP & KEY ORDERS Project Location Amt (Rs. Cr) (In Rs. Cr) 2,060 External Order book 107 PWD, Raipur Raipur 416 Maharashtra State Police Housing Mumbai 414 Tycoon Mumbai 163 Metro Rail Depot Bangalore 156 Goa Airport Goa 132 MMRC Mumbai Metro Mumbai 131 1,066 1,044 Adhiraj Mumbai 105
Slide 17: Real-Estate Development
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Slide 18: Real Estate Business
REAL ESTATE BUSINESS BRAND EQUITY Landmark developments (Windermere, Forest County and Willows) have established the Brand Vascon in Pune Market END-TO-END CAPABILITIES In-house Design and Construction team gives us a unique advantage over other Real Estate Developers LOW OPERATING COST Flat organiz
Slide 19: Successfully Launched Real Estate Projects
SUCCESSFULLY LAUNCHED REAL ESTATE PROJECTS REAL ESTATE SALES (RS CR) Vascon Dev. Area Projects Launch Status Share (msft) 272 Forest Edge (JV) A 50% 0.08 18-Jan Fully Sold 192 Forest Edge (JV) B 50% 0.08 19-Sep 60% sold Windermere (JV)# 45% 0.38 18-Mar 57% sold 116 Vascon Goodlife – Value Home (Own)
Slide 20: Track Record of Real Estate Sales
TRACK RECORD OF REAL ESTATE SALES Q-O-Q SALES AREA SQ. FT (‘000) 92 80 43 47 39 32 18 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q-O-Q SALES VALUE (RS. CR.) 78 58 44 28 31 21 13 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 19
Slide 21: Current Real Estate Projects Under Development
CURRENT REAL ESTATE PROJECTS UNDER DEVELOPMENT Total Vascon Share Project Name Location Vascon Share Project Area Rev. Sale Value Collection Sale Value Collection Area Sold Recognized Type Share msft msft Rs. Cr Rs. Cr Rs. Cr Rs. Cr Rs. Cr Forest Edge (A&B) Pune JV 50% 0.16 0.13 86 43 43 22 - Forest
Slide 22: Real Estate Projects – Pipeline (Launches in Near-Term)
REAL ESTATE PROJECTS – PIPELINE ( LAUNCHES IN NEAR-TERM) Sr. No. Projects Type Segment Total Vascon Share Saleable Expected Saleable Expected Area Sales Value Area Sales Value msft (Rs. in Cr) msft (Rs. in Cr) 1 Coimbatore JDA Residential 0.33 179 0.23 125 2 Madurai JDA Residential 0.49 220 0.37 165
Slide 23: Real Estate Projects – Pipeline (Other Projects)
REAL ESTATE PROJECTS – PIPELINE (OTHER PROJECTS) Sr. No. Projects Type Segment Total Saleable Expected Area Sales Value msft (Rs. in Cr) 1 Bavdhan - Comm JDA Commercial 0.23 158 2 Willows - Comm JV Commercial 0.23 191 3 Kalyani Nagar - Comm JDA Commercial 0.3 330 4 Kalyani Nagar JDA Residential 0.5
Slide 24: Non-Core Assets
NON-CORE ASSETS 1. 44% EQUITY STAKE IN HOTELS AT GOA 2. COMMERCIAL PROPERTY AT KALEDONIA, ANDHERI (E) 3. 9 ACRE LAND PARCEL IN AURANGABAD 4. GMP TECHNICAL SOLUTIONS (85% SUBSIDIARY OF VASCON) CONTINUE FOCUS ON GENERATING CASH BY MONETIZING IDENTIFIED NON CORE ASSETS 20
Slide 25: Thank You!
THANK YOU! Mr. Punit Bhayani Mr. Gauranh Vasani/ Ms. Hina Agarwal punit@vascon.com vgaurang@stellar-ir.com hina@stellar-ir.com Vascon Weikfield Chambers, Pune - 411014 Kanakia Wall Street, Andheri (East), Mumbai 400 093