Slide 1: Vascon Engineers Limited FY 2013 Result Update
Vascon Engineers Limited FY 2013 Result Update May, 2013
Slide 2: Safe Harbor
Safe Harbor 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 secu
Slide 3: Consolidated Profitability Statement
Consolidated Profitability Statement Rs. Mn Q4 FY13 Q4 FY 12 FY 2013 FY 2012 Revenue 1874 1807 7076 7121 Other Income 116 43 290 158 Total Income 1990 1850 7366 7279 Construction Expenses / Material 1432 1678 5388 5467 Consumed Employee Cost 213 140 773 697 Other Expenses 184 304 681 680 EBITDA 161
Slide 4: Segment-wise Financial Highlights
Segment-wise Financial Highlights Rs. Mn Revenue Cost of Sales Gross Profit Gross Profit % FY 13 FY 12 FY 13 FY 12 FY 13 FY 12 FY 13 FY 12 EPC 3,495 4,300 2,919 3,758 576 542 16.48% 12.61% Real Estate 1,693 1,142 1,275 690 419 451 24.72% 39.52% Clean Room 1,833 1,591 1,189 995 644 596 35.13% 37.46%
Slide 5: Consolidated Balance Sheet
Consolidated Balance Sheet Rs. Mn Mar-13 Mar-12 Rs. Mn Mar-13 Mar-12 Net Worth 7,135 7,305 Non Current Assets Net Fixed Assets 2,270 2,319 Minority Interest 122 119 Non Current Investments 362 328 Deferred Tax Assets 16 33 Non Current Liabiliteis Long term loans & Advances 2,198 2,167 Long Term Borr
Slide 6: Focus on Debt Reduction
Focus on Debt Reduction Gross Debt Reduction of Rs. 784 mn in FY 2013 3,820 Rs. in Mn. FY 13 FY 12 3,036 Long Term Debt 460 582 Short Term Debt 1,994 2,349 Current Liabilities 582 889 FY 12 FY 13 Total 3,036 3,820 Rs Mn.
Slide 7: EPC Business – Key Developments
EPC Business – Key Developments • Orderbook Review & Renegotiation – Delay in Projects resulting in cost overruns – Projects stalled due to non payment by developers affected execution cycle and resulted in significant cost overrun – Economically not viable to continue execution of Projects on same
Slide 8: Revenue growth in other Segments
Revenue growth in other Segments Real Estate Segment Clean Room Partition & BMS Segment 536 498 492 470 411 295 374 160 435 273 297 276 259 258 Q3FY12 Q4FY12 Q1FY13 Q2FY13 Q3FY13 Q4FY13 Q3FY12 Q4FY12 Q1FY13 Q2FY13 Q3FY13 Q4FY13 Rs Mn. Rs Mn. Revenue from sale of commercial buildings 8
Slide 9: Real Estate Projects Progress
Real Estate Projects Progress As on March 31, 2013 Total Vascon Share Project Name Location Vascon Share Project Rev. Area Sold Sale Value Collection Sale Value Collection Area Recognised Equity Revenue msft msft Rs. mn Rs. mn Rs. mn Rs. mn Rs. mn Willows Phase (C,D) Pune 100% 56% 0.11 0.11 510 489
Slide 10: Real Estate Portfolio
Real Estate Portfolio City Area Dev. Area Vascon Share Acres msft Msft Joint Development Agreement (JDA) Belgam 1.7 0.2 0.1 Chennai 105.0 8.7 6.6 Hyderabad 3.5 0.6 0.4 Madurai 28.2 2.7 1.8 Nashik 3.7 0.2 0.1 Pune 191.1 11.6 6.6 Joint Venture (JV) Pune 55.4 3.3 1.6 Thane 145.1 19.0 8.4 JV & JDA Coimb
Slide 11: Focusing on Cash Flows improvement
Focusing on Cash Flows improvement • Monetization of completed project inventory / selective land parcels Project / Area Type Value (Rs. mn.) Location (Sq ft) Phoenix Commercial 106,000 150 DONE Al Monte Commercial 175,000 290 DONE Weikfield, Pune Investment 140 DONE 580 Zenith, Pune Land Parcel 380
Slide 12: Focusing on Cash Flows improvement
Focusing on Cash Flows improvement • Divestment of Hospitality Portfolio Vascon Investment Project / Location % Holding (Rs. mn.) Hyatt, Pune 19.0% 304 Holiday Inn, Pune 28.7% 239 Galaxy Resorts, Goa 43.83% 37 Coimbatore 70.0% 140 720
Slide 13: The Road Ahead
The Road Ahead 1. Continue focus on Cash Flow Improvement 2. Focus on Real Estate project development 3. Selective on new EPC orders
Slide 14: For further information, please contact:
For further information, please contact: Company : Vascon Engineers Ltd. Mr. M Krishnamurthi , Chief Corporate Affairs mk_murthi@vascon.com Mr. Punit Bhayani punit@vascon.com www.vascon.com 14