Ncc Limited · NSE:NCC
Ncc — Q2 FY2024 Earnings Presentation
25 slides from Ncc's earnings presentation, Nov 9, 2023
Slide 1: Investor Presentation Q2FY24
Investor Presentation Q2FY 24 Date Calibri 16pt Date : November 09, 2023
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation contains certain forward looking statements concerning NCC’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking st
Slide 3: NCC Building the Nation
NCC Building the Nation ESIC Hospital, Gulbarga Airport Agartala, Tripura AIIMS, Guwahati, Assam Nagpur Metro Rail Agra–Lucknow Expressway, UP Chandni Chowk Flyover, Pune 3
Slide 4: NCC Building the Nation
NCC Building the Nation SVAB, ISRO, Sriharikota, Andhra Pradesh Seabird Project, Karwar, Karnataka Water Supply Project, Angul, Odisha Nagpur Metro Rail (Double Decker) Housing Project, Bhubaneshwar Rubber Dam on Falgu River, Gaya, Bihar 4
Slide 5: NCC Building the Nation
NCC Building the Nation AIIMS, Bilaspur, Himachal Pradesh Airport Agartala, Tripura Makara Dhokra, WCL (Minning) Pune Metro Rail Nagpur-Mumbai Expressway SICPAC Auditorium, Shillong, Meghalaya 5
Slide 6: NCCL – Business Constitutes
NCCL – Business Constitutes S.No Particulars Q2FY24 Revenue Mix % 1 Construction i) NCC Limited………………………………………………………………………………………………………………… 90.79% ii) Pachhwara Coal Mining Private Limited……………………………………………………………………… 7.15% 2 Real Estate i) NCC Urban Infrastructure Limited…………………………....................
Slide 7: Key highlights – 2nd Quarter FY24
Key highlights – 2nd Quarter FY24 Particulars ✓ Reported highest ever Turnover in 2nd Quarter Rs.4283 crs ✓ Significant order inflow in 2nd quarter Rs. 12289 crs ✓ Recorded lowest debt in 2nd quarter of the last 10 years Rs. 1470 crs ✓ Robust Order Book stands at highest ever Rs.61796 crs 7
Slide 8: Order Booking in the 2nd Quarter FY24
Order Booking in the 2nd Quarter FY24 Particulars ✓ Phenomenal growth in Order Booking in Q2 on Year on Year by 54% ✓ Significant increase in average size of Q2 new orders Rs 1229 crs ✓ Order book grown from Rs 54110 Crs to………………………………………… Rs.61796 crs Order Inflow - Quarter wise 14000 13283 12289 1
Slide 9: Major Orders Received in Q2 FY24
Major Orders Received in Q2 FY24 Rs. in Crores S.No. Name of the Client Work Name Amount 1 State Water & Sanitation Mission Survey, Design, Drawings, DPR and Construciton of 1635.05 (NGRWSD), Govt. of Uttanpradesh multy group of villages water supply scheme Agra Package-I, (Surface water) including
Slide 10: Composition of Order Inflow & Order Execution in Q2FY24
Composition of Order Inflow & Order Execution in Q2FY24 Order Inflow : Rs 12,289 crs Order Execution : Rs 4604 crs Others, -4% Others, -2% Buildings, 6% Mining, 9% Irrigation, 2% Transportation , 27% Electrical, 16% Buildings, 51% Electrical, 48% Water & Railways, 16% Water & Transportation, Railway
Slide 11: Order Book Composition division-wise
Order Book Composition division-wise Order Book as on 31.03.2023 Rs 50244 crs Order as on 30.09.2023 Rs 61796 crs Others, 0% Mining, 10% Mining, 7% Others, 0% Irrigation, 1% Irrigation, 1% Electrical, 14% Electrical, 22% Buildings, 41% Buildings, 46% Water & Railways, 16% Water & Railways, 16% Trans
Slide 12: Operating Performance – Standalone
Operating Performance – Standalone for the 2nd Quarter ended 30-09-2023 Rs. Crores Q2 Change Particulars YoY Growth FY24 FY23 ✓ Revenue increased by 42%, primarily Revenue 4312 3037 1275 42% driven by Buildings division & Electrical division Gross Profit 503 483 20 4% EBITDA 279 289 -10 -4% PAT 69 1
Slide 13: Standalone - Operating Performance after adjusting the claims accounted in Q2FY24
Standalone - Operating Performance after adjusting the claims accounted in Q2FY24 for the 2nd Quarter ended 30-09-2023 Rs. Crores Q2 Change ✓ When we exclude the two claims from Particulars Reported Excl. Claims Growth YoY operating results the margins are looks like - FY24 FY24 FY23 Revenue 4312 45
Slide 14: Operating Performance – Standalone (quarter wise)
Operating Performance – Standalone (quarter wise) Rs. Crores Revenue 4283 4500 4016 3838 4000 3373 3500 2959 3004 3000 2500 2000 1500 1000 500 0 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 EBITDA 450 424 Net Profit 381 400 349 200 178 162 350 289 180 150 281 279 300 160 250 140 120 122 200 120 100 150
Slide 15: Operating Performance – Consolidated
Operating Performance – Consolidated for the 2nd Quarter ended 30-09-2023 Rs. Crores Q2 Change Particulars YoY Growth FY24 FY23 Revenue 4746 3405 1341 39% Gross Profit 539 518 21 4% EBITDA 304 310 -6 -2% PAT (Equity shareholders) 77 131 -54 -41% 15
Slide 16: Group Companies Performance
Group Companies Performance Subsidiary Cos & Jointly Controlled Entities for the 2nd quarter ended 30-09-2023 : Operating Performance Rs. in Crores 2nd quarter ended S.No Name of the Company 30-09-2023 30-09-2022 Turnover PAT Turnover PAT A Sub. Cos. /JCEs/Associate Cos 1 Pachhwara Coal Mining (P) L
Slide 17: Working Capital - Standalone
Working Capital - Standalone Working Capital - Movement ₹ Crores Particulars FY20 FY21 FY22 FY23 H1FY24 Turnover 8219 7256 9930 13351 8121 % of Growth -32.0% -11.7% 36.9% 34.5% 36.2% Working Capital 3713 3995 3604 3874 4426 % of Increase 7.5% 7.6% -9.8% 7.5% 14.2% WC - as % of Turnover 45% 55% 36% 2
Slide 18: Cash Flows - Standalone
Cash Flows - Standalone Cash Flow Quarter on Quarter ₹ Crores S.No Particulars Q2FY24 Q2FY23 A Net Cash Flows used in Operating Activities 161 53 B Net Cash Flows used in Investing Activities (80) (53) Free Cash Flows 80 0 C Net Cash Flows from Financing Activities (135) 50 D Net increase/(Decrease)
Slide 19: Cash Flows - Consolidated
Cash Flows - Consolidated Cash Flow Quarter on Quarter ₹ Crores S.No Particulars Q2FY24 Q2FY23 A Net Cash Flows used in Operating Activities 180 107 B Net Cash Flows used in Investing Activities (88) (63) Free Cash Flows 92 44 C Net Cash Flows from Financing Activities (146) 15 D Net increase/(Decre
Slide 20: Debt status - Standalone
Debt status - Standalone Debt for the Quarter ended Sept 30, 2023 ₹ Crores S.No Particulars 30.09.23 30.09.22 A Gross Debt 1,470 1,985 B Less: Unencumbered Cash and cash Equivalents 215 131 C Net Debt 1,255 1,854 ✓ 2nd Quarter comparing to YoY reflects good inflows from the client. ✓ A phenomenal De
Slide 21: Significant Matters in Q2 FY24
Significant Matters in Q2 FY24 ✓ Highest ever Order book – Rs 61796 Crs ✓ Highest ever Q2 Revenue Rs 4283 Crs • Q2FY24 revenue has crossed Q4 of previous year – indicating strong growth momentum ✓ Strong collection resulting into low Net Working Capital ✓ Successfully got prestigious contracts in 2
Slide 22: Significant Key Initiatives
Significant Key Initiatives Particulars ✓ Focusing to enter into the new verticals to clinch major orders as a part of Strategic Plan to maintain 20% growth year-on-year ✓ Strengthening in-house abilities in Planning, Engineering, Designing process, Digitalization, Quality, Safety, Governance etc. ✓
Slide 23: Outlook
Outlook ✓ The Company achieved a Revenue CAGR of 17% in the last 3 years and Company planning to continue sustainable growth. ✓ The present Order Book containing more escalation projects which insulate against any escalation in the input prices. ✓ The favorable mix of interest bearing and non-intere
Slide 24: Outlook
Outlook ✓ Strong bid pipeline and client payments, improves the execution outlook. ✓ Easing commodity price volatility to aid margins. ✓ Entry into new sectors of infrastructure to drive broad based growth in future. 24
Slide 25: Thank you
Thank you