Knr Constructions Limited · NSE:KNRCON
Knr Constructions — Q1 FY25 Earnings Presentation
35 slides from Knr Constructions's earnings presentation, August 2024
Slide 1: KNR Constructions Limited Investor Presentation
KNR Constructions Limited Investor Presentation August 2024
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by KNR Constructions 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: Key Highlights & Result Update
Key Highlights & Result Update 3
Slide 4: Key Highlights
Key Highlights ❑ Credit Rating Outlook ✓ CRISIL Ratings has re-affirmed its outlook on the long-term bank facilities at CRISIL AA/Stable. ✓ The short-term rating is re-affirmed at ‘CRISIL A1+’. ❑ Receipt of Provisional Certificate of completion for an EPC project of Cheyyur-Vandavasi-Polur Road ✓ Or
Slide 5: Standalone Financial Highlights Quarter 1
Standalone Financial Highlights Rs. Million Revenue EBITDA EBITDA Margins PAT +11% +322 bps +21% -5% 9,296 1,921 21.8% 1,339 8,802 1,732 18.6% 1,103 Quarter 1 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 5
Slide 6: Standalone Financial Results
Standalone Financial Results Standalone Rs. Million Q1 FY25 Q1 FY24 YoY Q4 FY24 QoQ Total Revenue 8,801.8 9,295.8 -5% 13,144.9 -33% Operating Expenses 5,613.0 6,553.9 8,299.2 Employees Expenses 419.2 392.7 432.4 Other Expenditure 849.1 616.8 2,272.4 EBITDA 1,920.5 1,732.4 11% 2,140.9 -10% EBITDA mar
Slide 7: Consolidated Financial Results
Consolidated Financial Results Consolidated Rs. Million Q1FY25 Q1FY24 YoY Q4FY24 QoQ Total Revenue 9,850.0 9,810.1 0% 14,140.0 -30% Operating Expenses 5,627.3 6,574.2 8,328.4 Employees Expenses 420.8 394.2 434.1 Other Expenditure 1,015.8 684.5 1,632.3 EBITDA 2,786.1 2,157.2 29% 3,745.2 -26% EBITDA m
Slide 8: Standalone Net Working Capital Days
Standalone Net Working Capital Days 89 82 79 78 67 69 63 52 48 53 61 53 55 57 52 52 53 40 43 41 36 45 28 26 23 25 23 22 18 20 19 20 20 20 20 16 16 15 15 15 17 16 13 14 14 7 98 10 66 45 64 51 74 53 39 12 45 40 78 117 95 96 122 117 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19
Slide 9: Business Update
Key Highlights & Result Update Business Update 9
Slide 10: Business Overview
Business Overview ❑ One of the leading companies providing Engineering, Procurement and Construction (EPC) services • Major Projects in Roads & Highways – one of the fast-growing sectors • Established presence in Irrigation and Urban Water Infrastructure Management Vision ❑ 25+ years of experience o
Slide 11: Transformation
Transformation Bagged 1st BOT Project in Bagged an EPC Project worth Rs. Incorporated & Karnataka worth Rs. 4,420 mn; Bagged 2nd BOT project IPO & Listed on BSE 9,371 mn for Madurai – 1995 Commenced EPC 2006 Entry into Urban water 2007 worth Rs.5,920mn in 2008 and NSE 2013 Ramanathapuram Section of
Slide 12: Top Management
Top Management Mr. K. Narasimha Reddy – Mr. K. Jalandhar Reddy – Founder Promoter & Managing Director Promoter & Executive Director ▪ Over 50 years of experience in the Highway sector ▪ Over 25 years of experience in the Highway and ▪ Started career in 1968 and engaged in the business of infrastruct
Slide 13: Supported by Professional Team
Supported by Professional Team ▪ A Bachelor of Engineering (BE) from MITS Gwalior (MP) with Over 40 years of total experience with ~20 years of Mr. T.L. Verma experience in Highway sector (Sr. Vice President - Projects) ▪ Working with the company since 2006 on various projects i.e. Bridges and Highw
Slide 14: Key Business Strength
Key Business Strength 14
Slide 15: 1. Project Execution Capabilities
1. Project Execution Capabilities ❑ Top management’s active involvement at all stages of Project execution • Selection of Major Raw Material • Selection of construction Camp location ❑ Faster Decision making to ensure project completion on schedule ❑ Received Bonus for completion of construction ahe
Slide 16: Pan India Project Execution Capability
Pan India Project Execution Capability* Sr. No. State No. of Projects Project Value (Rs. Mn) 1 Tamil Nadu 12 44,998 2 AP & Telangana 30 43,534 Arunachal Haryana Pradesh 3 Karnataka 15 33,176 Assam 4 Kerala 2 17,068 Uttar Pradesh 5 Madhya Pradesh 4 6,619 Gujarat 6 Uttar Pradesh 10 4,549 Madhya Prades
Slide 17: Project Execution Highlights
Project Execution Highlights Grade Separator ❑ Constructed Grade Separator in Coimbatore city with a cumulative length of flyover, 2.853 km • Length of 1st level flyover is 1.752 km • Length of 2nd level flyover is 1.101 km as a part of multipronged approach to ease traffic congestion in main city r
Slide 18: 2. In-house Construction Equipment
2. In-house Construction Equipment Sr. No. Machinery Quantity Sr. No. Machinery Quantity 1 Tippers & Tankers 1273 15 Tractors 47 2 Excavators 402 16 Transformers 35 3 Generators 297 17 Crushers 32 4 Concrete Mixers And Pumps 203 18 Trailers 35 Compactors 137 19 Dozers 24 5 20 Light Soures 24 6 Drill
Slide 19: 3. In-house Execution Team
3. In-house Execution Team 6% Total Employees* Project Engineering 26% 2,456 Site Supervision 33% Site Engineers 9% Equipment Operators Admin & Office Staff 26% IN-HOUSE TEAM OF QUALIFIED AND EXPERIENCED EMPLOYEES LED BY PROVEN MANAGEMENT TEAM * as on June 30th 2024 19
Slide 20: 4. Host of Marque Clients
4. Host of Marque Clients National Andhra Pradesh Ministry of Road Hyderabad Growth Karnataka State Karnataka Road Highways Road Development Transport & Corridor Limited Highway Development Authority of Corporation (APRDC) Highways (MoRTH) (HGCL) Improvement Corporation India (NHAI) Project (KSHIP)
Slide 21: BOT Portfolio
BOT Portfolio Disclaimer BOT Porfolio 21
Slide 22: BOT Portfolio – Annuity Projects
BOT Portfolio – Annuity Projects Particulars Patel KNR Infrastructures limited (PKIL) Patel KNR Heavy Infrastructures Limited (PKHIL) Stake 40% 40% Project Type Road-Annuity Road-Annuity Project Details State Karnataka Telangana JV Partner PEL PEIL Client NHAI NHAI Length (KM) 60.0 53.0 Concession S
Slide 23: BOT Portfolio – Toll Project
BOT Portfolio – Toll Project Particulars KNR Muzaffarpur Barauni Tollway Private Limited Stake 51% Project Type Road-Toll Project Details State Bihar JV Partner JKM Infra Project Ltd Client NHAI No of Lanes Two Length(KM) 108 Concession Start Date 8th July 2012 Concession Period 21 Years Terms Sched
Slide 24: HAM Portfolio
HAM Portfolio Mysore to Mysore to Magadi - Oddanchatram - Ramanattukara - Valanchery - Marripudi to Particulars Chittor -Thatchur Kushalnagara Kushalnagara Somwarpet Madathukulam Valanchery Kappirikkad Somvarappadu (Pkg V) (Pkg IV) KNR Somwarpet KNR KNR Palani Infra KNR Ramanattukara KNR Guruvayur I
Slide 25: Order Book & Business Strategy
Order BOTBook & Business Portfolio – TollStrategy Project Order Book & Business Strategy 25
Slide 26: Order-book Highlights
Order-book Highlights Key Projects Rs. Mn Order Book Break-up Marripudi to Somvarappadu Project (HAM) 5,800 Bangalore-Mangalore Project (Periya Shanthi to Bntwal) 51% (EPC) 4,435 37% 63% Ramanattukara to Valanchery bypass project (HAM) 4,252 10% Elevated Highway along Avinashi Road in Coimbatore Cit
Slide 27: Order-book: State-wise
Order-book: State-wise Karnataka No of Projects 4 Balance Value Rs. 6,750 mn AP & Telangana No of Projects 14 Kerala Balance Value Rs. 31,285 mn No of Projects 2 Balance Value Rs. 7,048 mn Tamil Nadu No of Projects 4 Balance Value Rs. 4,132 mn Disclaimer: Maps not to scale. All data, information, an
Slide 28: Recently Won Projects
Recently Won Projects Rs. million Rs. Million 12,000 61,215 New Projects (HAM) (Excluding GST) Construction of Access Controlled four laning with paved shoulder from Mysore to Kushalnagara Section of NH-275 on Hybrid Annuity Mode 5,750* under NH(O) in the State of Karnataka (Package IV) 49,215 Const
Slide 29: Orderbook Breakup - Rs. 61,215 Mn
Orderbook Breakup - Rs. 61,215 Mn Order Book Break-up 41% 49% 51% 8% 2% Captive (HAM Projects) State Govt. Central Govt. Others Segment Wise Split Region Wise Split Irrigation 16% Roads pipeline (Others) 18% 17% South 100% Roads (HAM) 49% 29
Slide 30: Business Strategy
Business Strategy Focus on Projects involving Higher degree of engineering skills 03 Focus on securing EPC Continuously explores growth contracts from reputed opportunities by forming Clients and Concessionaire strategic Joint Ventures (JVs) 02 04 Capitalise on Opportunity of Execute all the project
Slide 31: Financial Highlights
Financial BOT Portfolio – Toll Project Highlights Financial Highlights 31
Slide 32: Standalone Financial Highlights
Standalone Financial Highlights Financial 2010* 2011* 2012* 2013* 2014* 2015* 2016^ 2017^ 2018^ 2019^ 2020^ 2021^ 2022^ 2023^ 2024^ Year Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. 7,125 Rs. 7,930 Rs. 7,505 Rs. 6,921 Rs. 8,348 Rs. 8,761 Rs. 9,025 Rs.21,373 Turnover 15,411 19,317 22,442 27,026 32,726 37,438 40,9
Slide 33: Standalone Financial Highlights
Standalone Financial Highlights Revenue & EBITDA (Margin %) EBITDA 15.7% 17.1% 17.8% 16.8% 15.1% 14.4% 16.9% 14.9% 19.9% 20.0% 21.7% 19.8% 20.7% 19.3% 17.1% Margin (%) 40,910 37,438 32,726 27,026 21,373 22,442 19,317 EBITDA 15,411 7,125 7,930 7,505 6,921 8,348 8,761 9,026 6,777 7,217 7,010 Revenue 3
Slide 34: Shareholding Pattern as on 30th June 2024
Shareholding Pattern as on 30th June 2024 Shareholders Holding more than 1% of the Equity % to Equity (Other than Promoters) HDFC Mutual Fund 8.53 12.47% SBI Mutual Fund 4.40 DSP Mutual Fund 3.69 Franklin Templeton Mutal Fund 1.88 48.81% Canara Robeco Mutual Fund 1.82 30.55% Kotak Mutual Fund 1.63 H
Slide 35: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : KNR Constructions Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L74210TG1995PLC130199 CIN: U74140MH2010PTC204285 Mr. K. Venkata Ram Rao Mr. Jigar Kavaiya (GM - Finance & Accounts) +91-9920602034 venkatram@knrcl.com jigar