Capacit'e Infraprojects Ltd. · NSE:CAPACITE
Capacit'e Infraprojects — Q4 FY2018 Earnings Presentation
46 slides from Capacit'e Infraprojects's earnings presentation, May 18, 2018
Slide 1: Cover letter to stock exchanges: Investor Presentation May 2018
CAPACIT'E INFRAPROJECTS LIMITED Ref —: CIL/STEX 30/Q4FY18 Date _: May 18, 2018 To The Secretary, The Secretary, BSE Limited National Stock Exchange of India Limited Corporate relation Dept, Plot No. C/1, G Block, P.J. Towers, Bandra Kurla Complex Dalal Street, Fort, Bandra (East) Mumbai-400 001 Scri
Slide 2: Investor Presentation May 2018
Investor Presentation May 2018 1
Slide 3: Safe Harbor
Safe Harbor 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
Slide 4: FY18 Standalone Financial Highlights
FY18 Standalone Financial Highlights
Slide 5: Key Highlights FY18
Key Highlights FY18 Total Income EBITDA PAT Cash PAT ₹ 1,360 Cr ₹ 228 Cr ₹ 79 Cr ₹ 161 Cr Growth Growth Growth Growth Growth of of xx% xx% Growth Growth of xx% of of of 19.3% 7.3% 14.0% 19.5% NWC Days NWC Days Orderbook: (Incl. retention) (Excl. retention) ₹ 5,682 Cr as on March 31, 2018 89 days 58
Slide 6: Q4 & FY18 Standalone Profit & Loss (as per IndAS)
Q4 & FY18 Standalone Profit & Loss (as per IndAS) Particulars (₹ In Crs) Q4 FY18 Q4 FY17 Y-o-Y FY18 FY17 Y-o-Y Revenue from Operations 380.9 303.4 25.5% 1,335.6 1,125.1 18.7% Other Income 8.8 3.4 24.4 15.1 Total Income 389.8 306.8 27.0% 1,360.0 1,140.2 19.3% Cost of Material Consumed 272.0 201.2 966
Slide 7: Standalone Balance Sheet as per IndAS
Standalone Balance Sheet as per IndAS ASSETS (₹ In Crs) Mar’18 Mar’17 EQUITY AND LIABILITIES (₹ In Crs) Mar’18 Mar’17 NON-CURRENT ASSETS 543 381 EQUITY 749 299 Property, plant & equipment 409 324 Capital work-in-progress 0 7 Equity Share capital 68 44 Intangible assets 1 2 Other equity 682 255 Inves
Slide 8: Interest Details
Interest Details Particulars (₹ In Crs) FY18 FY17 Interest Outgo Normal Interest 19.1 20.3 Interest from Bills of exchange 11.4 10.0 Other Finance Cost 9.2 11.4 Total interest outgo (A) 39.8 41.7 Interest Income Interest from Normal FD 9.3 0.0 Interest earned from Margin money with banks 3.8 3.7 Int
Slide 9: Our Order Book Status
Our Order Book Status Key Order Wins in Q4 FY18 (₹ In Crs) Order Book Built-up ➢ Mahamana Pandit Madan Mohan Malaviya Cancer Centre 5,682 Project at Sundarbagiya, Banaras Hindu University, Varanasi worth ₹ 256.58 Crores Alamelu Charitable 4,289 Foundation (An Initiative of Tata Trusts) 2,805 ➢ 2 rep
Slide 10: Current Order book at ₹ 5,682 cr
Current Order book at ₹ 5,682 cr 57 Ongoing Sites Geographical Split 57 North Zone South Zone 7% 24 6% 16 6 11 Other Super Gated High Rise Total 87% Buildings Hise Rise Com West Zone Segment wise Split Category wise Split Other Buildings Commercial & Institutional 10% High Rise 15% 28% 47% 15% Gated
Slide 11: Our Story
ED? APACIT' C Our Story —
Slide 12: Transforming Vision into Reality
Transforming Vision into Reality Ownership of Strong Assets & a Strong Marquee Clients Management Team of highly Balance Sheet & Growing Team skilled Orderbook workforce 11
Slide 13: Our DNA
Our DNA Focus on Construction Technologies… Our Business model and capabilities is built around leveraging our understanding of varied types of Construction Technologies and managing construction complexities …for speedier execution Ownership of Modern System Formwork & Core Assets along with access
Slide 14: We are a 'Technology Focused' Construction Company
We are a ‘Technology Focused’ Construction Company Clients Access to Technology Cities Results Kalpataru Automatic Aluminum Modular Deck MMR Speedy Oberoi Realty Climbing System Panel System Bengaluru Execution Godrej Systems Formwork Formwork NCR + Brookfields Pune Growing Lodha Chennai Orderbook T
Slide 15: Technology is key to our success…
Technology is key to our success… Automatic Climbing Aluminum System Formwork 01 Systems (Building Core) (Monolithic Casting) 02 04 Tunnel Formwork Modular Deck Panel 03 (Monolithic Casting) System Formwork (Flat Slab) 05 Table Formwork (Flat Slab) 06 Modular Panel System Formwork (Column, Shear Wal
Slide 16: Track Record…
Track Record… New Clients + Repeat Wins from existing Clients ➢ …strengthens Customers confidence ➢ …enhances project execution in our Capabilities & Delivery capabilities building a high degree of specialization ➢ …build pre-qualification levels ➢ …leads to consistent growth in Orderbook allowing u
Slide 17: Focus: BUILDING…to remain ahead
Focus : BUILDING…to remain ahead Design & Built Lock & Key Lock & Key Shell & Core Shell & Core Shell & Core 2013 2014 2016 …and create an unmatched Competitive Edge 16
Slide 18: Quality in Everything we do
Quality in Everything we do Integrated Management System Quality Management System ISO 9001:2008 Environmental Management System ISO 14001:2004 Occupational Health and Safety Management System OHSAS 18001:2007 17
Slide 19: Resources give us a Advantage in our Performance
Resources give us a Advantage in our Performance Temperature controlled concrete for mass pours, self compacting free flow concrete for heavily reinforced pours and special concrete for vertical pumping in Super High Rise Buildings Modern Technology We own 67 tower cranes, 8 Boom Placer, 4 Batching
Slide 20: Sustainable Future
Sustainable Future Matured High Quality Geographies Team Asset Turnover Balance Sheet Focus Focus on improving Manageable Debt/Equity Focus on Matured High quality team of Asset Turnovers by levels which stems from Geographies will engineers and efficient deployment our ethos of building ensure effi
Slide 21: Our Strengths…
Our Strengths… Exclusive focus on Ownership of Modern Access to skilled Construction of Building in System Formwork & workforce major cities Other Core Assets Large Order book with Marquee client base and repeat orders Experienced Management Team Strong Financial performance …leading to outperforman
Slide 22: Poised to Capitalize on Growing Market Opportunities
Poised to Capitalize on Growing Market Opportunities 01 02 03 Focus on Building Expand in Affordable Grow Order book on Construction Housing Segment Lock-and-key basis Focus on Maximizing Utilization of Benefit from ‘Housing for All by 2022’ Build Orderbook of Lock-and-key Projects Technologies; to
Slide 23: Experienced Promoter Group
Experienced Promoter Group Mr. Rahul R. Katyal Mr. Subir Malhotra Mr. Rohit R. Katyal Managing Director Executive Director Executive Director & CFO ➢ Has a vast experience of ➢ Has a vast experience of ➢ Has a vast experience ~25 years of ~23 years ~28 years ➢ Currently focused on ➢ Currently looks
Slide 24: Board of Directors
Board of Directors Mr. S.B. Mainak Mr. Arun Karambelkar Independent Director (Additional) Independent Director (Additional) ➢ Has more than 30 years of exp. ➢ Previously, was MD at LIC of India, Served on the Board of NSE & ➢ Has ~37 years of exp. Stock Holding Corporation of India, Independent Dire
Slide 25: Professional Team
Professional Team Mr. Saroj Kumar Pati Mr. Gopal Krishna Parmeswar Chief Executive Office Chief Operating Officer (South Zone) ➢ Has ~32 years of exp. ➢ Has ~27 years of exp. ➢ Previously, he was associated with ➢ Previously, he was associated with JMC Confident Group Projects (India) Ltd ➢ Currentl
Slide 26: Our Creations
ED? APACIT' C Our Creations
Slide 27: Mumbai Metropolitan Region (MMR)
Mumbai Metropolitan Region (MMR) Oberoi Enigma, Mulund Hiranandani The Walk, Thane Lodha Splendora, Thane Godrej Central, Chembur Trump Tower, Worli 26
Slide 28: Bengaluru
Bengaluru Provident Housing Patel Townsville Century Breeze Purva Coronation Square Ozone Hyatt 27
Slide 29: National Capital Region (NCR)
National Capital Region (NCR) Bharti Worldmark, Gurgaon Godrej Summit, Gurgaon, NCR Emaar Imperial Garden, NCR Paras Buildtech, Gurgaon 28
Slide 30: Other Large Projects
Other Large Projects Sir Gangaram Hospital, Multi level Car Parking, Delhi Saifee Burhani Upliftment Project, Mumbai 29
Slide 31: Projects Delivered
Projects Delivered ➢ W-54, a Residential project located in Dadar, constructed for Wadhwa Group ➢ Vertical height of the building is ~169 m ➢ Project scope included tower with 3 basement, 4 podiums, a service floor, 2 fire check floors & 37 typical floors and terrace ➢ Splendora, a Residential ➢ Aur
Slide 32: Projects Delivered
Projects Delivered ➢ Godrej Central, a Residential project located at Chembur, constructed for Godrej Properties ➢ Vertical height of the building is ~50 m ➢ Project scope was divided into 5 segments from demolition & site clearance to construction of new sale and rehab towers ➢ T-Series is a Commer
Slide 33: Our Industry
ED? APACIT' C Our Industry —
Slide 34: Housing Opportunity in India
Housing Opportunity in India India’s largest urban Shortfall of Housing units in India agglomeration by 2030 In units In million units 111 Rural Urban Delhi 36 million Chennai 64 14 million Mumbai 28 million 59 Hyderabad 52 13 million Kolkata 19 million Ahmedabad 40 24 10 million Bengaluru 47 15 mil
Slide 35: Pro-development programmes and policies to transform urban India
Pro-development programmes and policies to transform urban India Government Programmes Policy Reforms ➢ Pradhan Mantri Awas Yojna ➢ Real Estate Act (Affordable housing) ➢ GST ➢ Smart Cities ➢ AMRUT (urban renewal) ➢ REIT ➢ Making In India ➢ Ease of doing business (Manufacturing) ➢ Relaxation of FDI
Slide 36: RERA: Advantage Organized Construction Players
RERA: Advantage Organized Construction Players RERA will improve buyer confidence and 01 boost demand for residential real estate Delays in handover of projects are likely to RERA incorporates decline as RERA mandatory disclosure mandates commitment 05 02 clauses, which would from developers to prov
Slide 37: Housing for all 2022: Huge Opportunity
Housing for all 2022: Huge Opportunity Housing for All by 2022, also known as the Pradhan Mantri Awas Yojana (“PMAY”) launched in 2015 envisages the construction of about two crore houses in the country from 2015 to 2022, for the homeless and for people belonging to the economically weaker section (
Slide 38: Financing & Incentives: Fueling Housing in India
Financing & Incentives: Fueling Housing in India Favourable Interest rates Tax Incentives ➢ For constructed buildings tax on ➢ Interest subvention scheme: For notional rental income will only economically weaker lower apply after one year of the end of income groups the year in which completion cert
Slide 39: Organized Real Estate: Outperforming
Organized Real Estate: Outperforming FDI in Real Estate ➢ 100% FDI for townships & settlements development projects ➢ Provision for reduction in minimum capitalisation for FDI investment US$ 10mn to US$ 5 mn Investment Trend RERA & REIT ➢ Private debt and bank lending have emerged as ➢ The sector ha
Slide 40: Our Historical Performance
APACIT'E 7} C Our Historical Performance VAAN VINO i a) NS, hs Aon \
Slide 41: Key Projects
Key Projects Client Project Location Type RESIDENTIAL PROJECTS Kalpataru Magnus MIG V Bandra, MMR High Rise Oberoi Constructions Tardeo Tardeo, MMR Super High Rise Kalpataru Kalpataru Immensa Thane, MMR Gated Community Oberoi Constructions Enigma Mulund, MMR Super High Rise T Bhimjyani Reality Neelk
Slide 42: Strong Financial Performance
Strong Financial Performance Total Income (₹ in Cr.) EBITDA (₹ in Cr.) 55% 1,360 76% 212 228 1,140 815 117 510 65 234 24 FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 PAT (₹ in Cr.) Margins 18.6% 14.3% 16.7% 67% 79 12.7% 69 10.2% 44 5.4% 5.3% 6.1% 27 4.3% 5.8% 10 FY14 FY15 FY16 FY17 FY18 FY14 FY
Slide 43: Improving ratios
Improving ratios ROE ROCE 41.8% 31.2% 28.2% 29.7% 32.4% 25.6% 23.1% 20.1% 16.2% 10.5% FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 Net Debt : Equity (x) Core Fixed Asset T/O (x) 1.1 4.4 4.0 0.9 3.4 3.5 0.8 0.5 2.8 -0.1 FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 Standalone Financials Rati
Slide 44: Improving ratios
Improving ratios Debtors turnover days Inventory turnover days 151 70 67 120 57 55 58 108 105 109 FY14 FY15 FY16 FY17 FY18* * includes Bills under certification FY14 FY15 FY16 FY17 FY18 Creditors turnover days Working Capital turnover days 137 89 119 120 98 99 67 65 56 50 FY14 FY15 FY16 FY17 FY18 FY
Slide 45: Standalone Profit & Loss Statement as per IndAS
Standalone Profit & Loss Statement as per IndAS Particulars (₹ In Crs) FY18 FY17 FY16* Revenue from Operations 1,336 1,125 802 Other Income 24 15 13 Total Income 1,360 1,140 815 Cost of Material Consumed (Incl. Construction Expenses) 966 796 591 Employee Expenses 117 87 69 Other Expenses 49 46 37 EB
Slide 46: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : Capacit'e Infraprojects Ltd. Strategic Growth Advisors Pvt. Ltd. CIN - L45400MH2012PLC234318 CIN - U74140MH2010PTC204285 Mr. Damodar Aash, Sr. Vice President Mr. Shogun Jain/Mr. Pratik R. Shah ir@capacite.in shogun.jain@
Capacit'e Infraprojects — Q4 FY2018 Earnings Presentation on 6ix