Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — Q1 FY23 Earnings Presentation
30 slides from Pnc Infratech's earnings presentation, 2022
Slide 1: Result Update Presentation Q1 FY23
Driving Value Through Passion n Commitment PNC INFRATECH LIMITED Result Update Presentation Q1 FY23 1
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by PNC Infratech 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 securit
Slide 3: Key Highlights & Financials
Key Highlights & Financials PNC infratech
Slide 4: Key Highlights for Q1 FY23
Key Highlights for Q1 FY23 Revenue 41% ▪ Revenue of Rs. 1,758 crore* in Q1FY23 as compared to Rs. 1,251 crore in Q1FY22 EBITDA ▪ EBITDA of Rs. 258 crore in Q1FY23 compared to 47% Rs. 175 crore in Q1FY22 ▪ EBITDA Margin of 14.7% in Q1FY23 PAT 79% ▪ PAT of Rs. 167 crore in Q1FY23 compared to Rs. 93 cr
Slide 5: Key Highlights for Q1 FY23
Key Highlights for Q1 FY23 Including Revenue (Rs. crore) EBITDA (Rs. crore) PAT (Rs. crore) Adjustments +47% +79% +41% 258 167 1,758 1,251 175 93 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Excluding Revenue (Rs. crore)* EBITDA (Rs. crore)* PAT (Rs. crore)* Adjustments +26% +39% +38% 221 130 1,721 175
Slide 6: Order Book Details
Order Book Details PNC infratech
Slide 7: Robust Order Book over Rs. 20,000 crores
Robust Order Book over Rs. 20,000 crores Remaining Key EPC Projects Under Awarding ◼ Remaining value of contracts under execution of over Rs. 20,000 crore as on Value Construction Authority (Rs. Crores) 30th June 2022. Unnao-Lalganj NHAI 876 ◼ The below orders are included in order book as on 30th J
Slide 8: Portfolio of Development Projects on PPP Mode
Portfolio of Development Projects on PPP Mode PNC infratech
Slide 9: Sizeable Project Portfolio: Operational Projects
Sizeable Project Portfolio: Operational Projects PNC Share of Invested Debt as on 30th % JV Kms / TPC Invested Grant Total Debt Project Authority State / Stretch Type Equity Jun ‘22 Stake Partners Lanes (Rs. Crs) Amount (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Kanpur Kabrai 100% NHAI UP / N
Slide 10: Asset Monetization Plan
Asset Monetization Plan ◼ Ghaziabad Aligarh Road Project ✓ During the quarter, the company has completed the sale of entire 35% stake in Ghaziabad Aligarh Expressway Private Limited to Cube Highways. ✓ The company has already taken the necessary impact of impairment in the results for the quarter en
Slide 11: Sizeable Project Portfolio: HAM Projects
Sizeable Project Portfolio: HAM Projects Invested PNC Share of Debt as on 30th % TPC Total Debt Project Authority State / Stretch Kms / Lanes Status Equity Invested Amount June 22 Stake (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Dausa-Lalsot 100% NHAI Raj/ NH11A 83.45/ 4/2 COD 820 65 65 371 3
Slide 12: Annexure – I Summary Financials
Annexure – I Summary Financials PNC infratech
Slide 13: Standalone Profitability Statement – Q1 FY23
Standalone Profitability Statement – Q1 FY23 Rs. Crores Q1 FY23 Q1 FY22 YoY Growth (%) REVENUE 1,758.13* 1,251.19 41% EBITDA 257.78 175.44 47% EBITDA margin 14.7% 14.0% Other Income 7.50 17.76 Depreciation 26.92 31.49 Financial Expenses 17.47 18.03 Profit Before Tax 220.88 143.67 54% Total Tax Expen
Slide 14: Consolidated Profitability Statement – Q1 FY23
Consolidated Profitability Statement – Q1 FY23 Rs. Crores Q1 FY23 Q1 FY22 YoY Growth (%) REVENUE 2,052.88* 1,462.51 40% EBITDA 518.30 362.57 43% EBITDA margin 25.2% 24.8% Other Income 13.26 22.31 Depreciation 104.22 98.52 Interest 106.80 103.19 Profit Before Tax 320.55 183.16 75% Total Tax Expenses
Slide 15: Segmental Revenue Break-up
Segmental Revenue Break-up Q1 FY22 Q1 FY23* 209.98 397.20 14% 19% 1,655.69 1,252.53 81% 86% EPC Toll/Annuity EPC Toll/Annuity * - Including Bonus of Rs. 37.02 crs received in Q1 FY23 PNC infratech 15
Slide 16: Net Working Capital Days - Standalone
Net Working Capital Days - Standalone 136 136 129 113 97 73 74 77 62 68 60 57 60 51 Mar/17 Mar/18 Mar/19 Mar/20 Mar/21 Mar/22 Jun/22 Debtors Net Working Capital PNC infratech 16
Slide 17: Annexure – II Company Overview
Annexure – II Company Overview PNC infratech
Slide 18: Introduction
Introduction Established track record of timely/early completion of projects • Infrastructure construction, development, and management company; expertise in the execution of projects including highways, bridges, flyovers, airport runways, industrial areas, and transmission lines • Executed 78 major
Slide 19: Business Overview
Business Overview Water Supply & Irrigation Roads & Highways EPC Working on EPC projects in Water Supply sector and Completed 54 infrastructure road projects on EPC basis Irrigation Projects Business Model Industrial Area Development Innovation Roads & Highways BOT / OMT/ HAM Operating 5 BOT & 2 OMT
Slide 20: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) BOT Holdco for road and other infra projects PNC Unnao Highways Private Limited (“PNCUHPL”) 4 Laning of Unnao-Lalgani section of NH 232 A on HAM PNC Bareilly Nainital Highways Private Limited (“PNCBNHPL”) 4 laning of the Bareilly-Almora sec
Slide 21: Integrated Business Model
Integrated Business Model Equipment Bank Own Quarries / Raw Material Sourcing ▪ Ownership of a fleet of modern equipment enables quick mobilization besides ensuring ▪ Own / Leasing of Quarries helps in securing of continuous availability of critical equipment raw material and project completion with
Slide 22: Enhanced Execution Capability
Enhanced Execution Capability Strong Credit Rating ▪ Long term bank facilities “CARE AA (Double A)” ▪ Short term bank facilities “CARE A1+ (A One plus)” ▪ “Stable” outlook Working Capital Limits Enhanced Execution ▪ Fund Based Limits of Rs. 1,000 crores which will enable us to execute projects witho
Slide 23: Enhanced to Augment and upgrade the execution
Enhanced to Augment and upgrade the execution Rs. Crores 1,267 1,273 1,270 1,094 1,016 725 FY18 FY19 FY20 FY21 FY22 Jun-22 Present Capex will enable us to achieve a Turnover of Rs. 8,000-9,000 crores PNC infratech 23
Slide 24: Strengthening of in-house execution team
Strengthening of in-house execution team No. of Employees 10,187 10,102 9,599 8,371 8,334 6,772 FY18 FY19 FY20 FY21 FY22 Jun-22 Strengthening of In-house execution team with induction of engineers with strong technical knowledge PNC infratech 24
Slide 25: Strong Credit Rating
Strong Credit Rating Upgraded Assigned Reaffirmed ◼ PNC Raebareli Highways Private Limited. ◼ PNC Unnao Highways Pvt. Ltd. ◼ MP Highways Private Limited. ✓ Long term bank facilities (Senior debt) at CARE AA+; ✓ Long term bank facilities at CARE A; Stable (Single A; ✓ CARE A; Stable (Single A; Outloo
Slide 26: Experienced Promoters
Experienced Promoters Mr. Pradeep Kumar Jain Mr. Naveen Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Chairman & Managing Promoter Managing Director Managing Director Director ◼ Over 40 years of experience ◼ Over 31 years of experience ◼ Over 30 years of experience ◼ Over 25 years of expe
Slide 27: Board of Directors
Board of Directors Mr. Pradeep Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Chairman & Managing Director Managing Director Managing Director Mr. Anil Kumar Rao Mr. Talluri Raghupati Rao Whole-time Director Wholetime Director Mr. Krishan Kumar Jalan (IAS) Mr. Gauri Shankar Mr. Subhash Cha
Slide 28: Clientele
Clientele fenc| e@ JAR. WRITES THE INFRASTRUCTURE PEOPLE sa AUTHORITY OF INDIA ada fearraers writen MSRDC Delhi State Industrial and Infrastructure Development Corporation Ltd. State Water & Sanitation Mission PIX< NAMAMI GANGE AND RURAL WATER SUPPLY DEPARTMENT Government of Uttar Pradesh FNMA MTC]
Slide 29: Growth Strategy
Growth Strategy Diversification Competitiveness ◼ Leveraging Strong Project Execution track record to ◼ Improve performance and diversify into new functional competitiveness of existing areas of infrastructure Strong Relationships business through Focused Approach development investments in technolo
Slide 30: Contact Us
Contact Us For further information, please contact: Company : Investor Relations Advisors : PNC Infratech Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L45201DL1999PLC195937 CIN: U74140MH2010PTC204285 Mr. D. K. Maheshwari Mr. Jigar Kavaiya Vice President - Finance Deputy Head – IR Practice +91-992060