Vascon Engineers Limited · NSE:VASCONEQ
Vascon Engineers — Q3 FY2021 Earnings Presentation
20 slides from Vascon Engineers's earnings presentation, February 2021
Slide 1: Investor Presentation | February 2021
INVESTOR PRESENTATION | February 2021
Slide 2: 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 3: Key Business Highlights
KEY BUSINESS HIGHLIGHTS Total Order Book Order Intake in 9MFY21 External EPC Order Book 1,740 Crs. 69 Crs. 1,642 Crs. Forming healthy Order Book of 6.3x Orders received from Epicons Higher contribution by Government FY20 EPC revenues Consultants & Transcon-Sheth Creators projects Government Project
Slide 4: Business Operations Reaching Back to Normalcy
BUSINESS OPERATIONS REACHING BACK TO NORMALCY REVENUE FROM OPERATIONS (RS CR) IMPACT OF COVID-19 105.54 104.3 104.66 94.25 93.02 Revenues reached back to pre-covid levels on the back of execution picking-up pace 35.53 aided by the healthy Orderbook Q2FY20 Q3FY20 Q4FY20 Q1FY21* Q2FY21# Q3FY21 * IMPAC
Slide 5: P&L Highlights - Q3 & 9M FY21
P&L HIGHLIGHTS- Q3 & 9M FY21 Standalone Consolidated Particulars (Rs. Crs) Q3 FY21 Q3 FY20 9M FY21 9M FY20 Q3 FY21 Q3 FY20 9M FY21 9M FY20 Revenue 101.74 101.28 223.44 273.87 154.49 143.38 316.2 395.4 Other Income 2.92 3.02 9.77 15.16 3.14 2.49 10.21 15.98 Total Income 104.66 104.3 233.21 289.03 157
Slide 6: Q3FY21 Segmental Profit & Loss - After Allocation
Q3FY21- SEGMENTAL PROFIT & LOSS - AFTER ALLOCATION Particulars (Rs. Cr) RE# EPC## GMP Inventorised Total Revenue 7.71 105.21 53.23 166.15 Cost of Sales 6.52 87.07 32.53 1.34 127.46 Gross Profit 1.19 18.14 20.70 38.69 Gross Profit Margin % 15% 17% 39% 23% Other Income 0.15 2.66 0.41 3.22 Employee Cos
Slide 7: Business Overview
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Slide 8: 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 8
Slide 9: 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 10: Marquee Clients
MARQUEE CLIENTS MAINTAINING CONSISTENT QUALITY STANDARDS ENSURING REPEAT ORDERS 10
Slide 11: Order Book Build-up & Key Orders
ORDER BOOK BUILD-UP & KEY ORDERS (In Rs. Cr) Project Location Amt (Rs. Cr) 2,060 External Order book 107 1,740 Maharashtra State Police Housing Mumbai 394 PWD, Raipur Raipur 351 98 Metro Rail Depot Bangalore 140 MMRC Mumbai Metro Mumbai 128 Goa Airport Goa 126 1,066 1,044 Adhiraj Mumbai 102 PMC-Affo
Slide 12: Real-Estate Development
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Slide 13: 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 14: 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 Forest Edge (JV) B 50% 0.08 19-Sep 74% sold Windermere (JV)# 45% 0.38 18-Mar 67% sold 116 Vascon Goodlife – Value Home (Own) 100
Slide 15: Track Record of Real Estate Sales
TRACK RECORD OF REAL ESTATE SALES Q-O-Q SALES AREA SQ. FT (‘000) 92 80 47 39 32 33 30 18 9 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q-O-Q SALES VALUE (RS. CR.) 78 58 44 34 37 28 31 13 5 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 15
Slide 16: 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 94 58 47 29 - Forest
Slide 17: 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 0.3 195 0.21 136 2 Madurai JDA Residential 0.49 220 0.37 165 3
Slide 18: 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 19: Continuous Focus on Cash Generation
CONTINUOUS FOCUS ON CASH GENERATION IDENTIFIED NON-CORE ASSETS • 44% EQUITY STAKE IN HOTELS AT GOA • COMMERCIAL PROPERTY AT KALEDONIA, ANDHERI (E) • 9 ACRE LAND PARCEL IN AURANGABAD • GMP TECHNICAL SOLUTIONS (85% SUBSIDIARY OF VASCON) CONTINUE FOCUS ON GENERATING CASH BY MONETIZING IDENTIFIED NON CO
Slide 20: Thank You!
THANK YOU! Mr. Punit Bhayani Mr. Gaurang 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