Capacit'e Infraprojects Ltd. · NSE:CAPACITE
Capacit'e Infraprojects — Q3 FY2024 Earnings Presentation
30 slides from Capacit'e Infraprojects's earnings presentation, Feb 14, 2024
Slide 1: Stock exchange filing cover letter
CIL/SE/2023-24/100 February 14, 2024 BSE Limited National Stock Exchange of India Limited P.J. Towers Exchange Plaza, C-1, Block G, Dalal Street Bandra Kurla Complex, Bandra (E) Mumbai- 400 001 Mumbai - 400 051 Scrip code: 540710 Symbol: CAPACITE Sub: Investor Presentation - Q3 & 9M FY24 Ref: Regula
Slide 2: Capacit'e Infraprojects Limited Q3 & 9MFY24 Investor Presentation
Capacit'e Infraprojects Limited Q3 & 9MFY24 Investor Presentation
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Capacit'e Infraprojects Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any s
Slide 4: Key Highlights
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Slide 5: Key Company Updates
Key Company Updates • Achieved highest ever Quarterly turnover and Profit after Tax. We believe the momentum should continue. • Successfully raised ₹ 200 crores by way of Qualified Institutional Placement in January 2024, reiterates the institutional investors confidence in our business model • The
Slide 6: Q3 & 9M FY24 – Key Financial Highlights
Q3 & 9M FY24 – Key Financial Highlights Revenue EBIT PAT Cash PAT EBIT stood at ₹ PAT stood at ₹ Q3 FY24 62.6 Crs up by 29.6 Crs up by CASH PAT stood Revenue from 13% Y-O-Y 29% Y-O-Y at ₹ 62.0 Crs operations stood at ₹ 480.7 Crs up EBIT margin PAT margin Cash PAT margin 8% Y-O-Y stood at 13.0% stood
Slide 7: Q3 & 9M FY24 – Consolidated Profit & Loss
Q3 & 9M FY24 – Consolidated Profit & Loss Particulars (₹ In Crs) Q3FY24 Q3FY23 Y-o-Y Q2FY24 9M FY24 9M FY23 Y-o-Y FY23 Revenue from Operations 480.7 443.4 8% 421.6 1,332.7 1,351.9 -1% 1,798.6 Other Income 2.3 2.6 15.0 22.1 7.7 9.5 Total Income 483.0 446.0 8% 436.6 1,354.8 1,359.6 0% 1,808.1 Cost of
Slide 8: Q3 & 9M FY24 – Performance
Q3 & 9M FY24 – Performance 8% 13% 29% (4)% Quarter (1)% (2)% (7)% (23)% Nine Months Revenue (₹ Cr) EBIT (₹ Cr) PAT (₹ Cr) CASH PAT (₹ Cr) 7
Slide 9: Consolidated Debt Profile
Consolidated Debt Profile Long Term (₹ Cr) Short Term (₹ Cr) Gross Debt (₹ Cr) Debt Equity Ratio (21) • Gross debt equity ratio within comfort level at 0.27x as on Dec 31, 2023 as compared to 0.34x as on March 31, 2023 • Focus to reduce fund based debt in medium to long term and improve profitabilit
Slide 10: Working Capital
Working Capital Debtor (₹ Cr) Creditor (₹ Cr) Working Capital (₹ Cr) • Working capital cycle (excluding retention) stood at 123 days in December 2023 as compared to 152 days in September 2023. • We expect substantial reduction in retention receivables over next 2-3 Quarters. • Focus to reduce Workin
Slide 11: Healthy Order Book
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Slide 12: Order Book Overview
Order Book Overview 10,484 9,513 9,670 8,720 8,702 Order Backlog (₹ Cr) FY20 FY21 FY22 FY23 9M FY24 6,001 ₹ 9.670 Cr 3,462 as on Order Inflow 148 616 1,725 Dec 31, 23 (₹ Cr) FY20 FY21 FY22 FY23 9M FY24 9.9 6.7 6.5 5.3 5.4 Order Book to Sales Ratio FY20 FY21 FY22 FY23 9M FY24 11
Slide 13: Order Book Analysis
Order Book Analysis ❖ Order book with higher share of Public sector at 01 02 03 ~65% ❖ Marquee Public as well Private Sector clients ❖ Order inflow for 9M FY24 Private v/s Public Project Split Category Split includes repeat orders from Godrej & Raymond. Revenue Uptick 9% ❖ Well funded projects 21% A
Slide 14: Business Model
Business Model
Slide 15: Developed service portfolio by capturing the Complexities
Developed service portfolio by capturing the Complexities … 3 2016 Onwards 1 2012 Onwards High Rise + Super High Rise + Gated Communities + Commercial Offices + Multi Level Car Parks Hotels Gated Communities Trusted Partner in Building Construction 2014 Onwards Industry 2018 Onwards Gated Communitie
Slide 16: Strategic Priorities
Strategic Priorities ‘THINK CONSTRUCTION, THINK CAPACIT'E’ Marquee Clientele Account Groups Design & Build Lean Balance Sheet Cash Flows Work with Large and Deepen the culture of Design & Build Most sustainable Strong Cash Flow Liquid public & private account driven projects, attracting companies ha
Slide 17: Hybrid Service Portfolio = Private + Public
Hybrid Service Portfolio = Private + Public Elite clientele from Private & Public sector provides revenue & cash flow visibility Efficiency 01 04 Opportunity Benefit from the Large Central Schemes of the Government aimed towards Better Enhances the multi fold construction Hospitals, Public Housing,
Slide 18: Orderbook Size
Hybrid Service Portfolio = Private + Public FY18 FY19 FY20 FY21 FY22 FY23 13% Sector wise Split 13% 30% 100% 40% 41% 60% 59% 70% 87% 87% Public Private Public Order Public Order Public Order Public Order Public Order Orderbook Size Book Book Book Book Book ₹ 5,440 Crs Private Order ₹ 915 Crs ₹ 5,713
Slide 19: Poised for Growth
Poised for Growth 1 2 Execution Working Capital Management Re-gained pace of execution and On an improving trend and expect going forward aim to improve it further improvement in coming further. quarters Stringent Cost Control Quality of Cash Flows Implemented stringent cost control Majority of Orde
Slide 20: Our Creations
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Slide 21: Our Creations
Our Creations Lodha – The Park Piramal - Mahalaxmi 20
Slide 22: Our Creations
Our Creations Lodha – Altamount SBUT Nahar Excalibur 21
Slide 23: Our Creations
Our Creations Four Seasons Auris Serenity Oberoi Enigma 22
Slide 24: Our Creations
Our Creations Raymond Thane Godrej - Emerald 23
Slide 25: Our Creations
Our Creations Siemens - Worli Oberoi Sky City Hubtown – 25 South 24
Slide 26: Strong Financial to support Growth
Strong Financial to support Growth
Slide 27: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (₹ In Crs) FY23 FY22 FY21 FY20 FY19 Revenue from Operations 1,791 1,340 880 1,529 1,788 Other Income 9 13 29 25 37 Total Income 1,800 1,353 909 1,554 1,825 Cost of Material Consumed 1206 931 602 1064 1320 (Incl. Construction Expenses) Employee Expenses
Slide 28: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (₹ In Crs) Mar'23 Mar'22 Mar’21 Mar’20 Mar’19 EQUITY & LIABILITIES (₹ In Crs) Mar'23 Mar'22 Mar’21 Mar’20 Mar’19 NON-CURRENT ASSETS 884 932 1,006 942 726 EQUITY 1,074 966 918 926 843 Property, plant & equipment 643 679 651 646 539 Equity Share capital 68 68 68 68 68 C
Slide 29: Standalone Cash Flow
Standalone Cash Flow Particulars (₹ In Cr) FY 23 FY 22 FY 21 PBT 135 66 5 Adjustments 272 185 163 Operating profit before working capital changes 407 251 168 Changes in working capital (302) (191) (83) Cash generated from operations 105 60 86 Direct taxes paid (net of refund) (17) (25) (10) Net Cash
Slide 30: Thank You
Capacit'e Infraprojects Ltd. Mr. Alok Mehrotra (ED - Finance) ir@capacite.in www.capacite.in THANK YOU Marathon Capital Advisory Pvt. Ltd Mr. Amit Porwal / Mr. Rahul Porwal amit@marathoncapital.in / rahul@marathoncapital.in +91 9819773905 / +91 9967576900 www.marathoncapital.in
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