Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — Q4 FY2023 Earnings Presentation
34 slides from Pnc Infratech's earnings presentation, May 27, 2023
Slide 1: Exchange filing cover letter
IPNC] I ta-- PNC Infratech Limited An ISO 9001 :2015 Certified Company Ref No: PNC/SE/26 122-23 Date:27.05.2023 To, To, The Manager The Manager The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P.J. Towers, Exchange Plaza, Band
Slide 2: Result Update Presentation Q4 & FY23
STRONG PIPELINE SWIFT EXECUTION STEADY GROWTH for a better tomorrow... PNC INFRATECH LIMITED Result Update Presentation Q4 & FY23
Slide 3: 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 4: Key Highlights & Financials
Key Highlights & Financials PNC Infratech Limited
Slide 5: Key Highlights for Q4 FY23
Key Highlights for Q4 FY23 +10% Revenue of Rs. 2,115 crore as compared to Rs. 1,917 crores in Q4 FY22 Revenue +25% EBITDA of Rs. 281 crore as compared to Rs. 225 crores in Q4 FY22 __ EBITDA Margin of 13.3% as compared to 11.7% in Q4 FY22, an improvement of 157 bps EBITDA +33% PAT of Rs. 184 crore as
Slide 6: Key Highlights for FY23
Key Highlights for FY23 Profit After Revenue EBITDA EBITDA Margin Tax Revenue of Rs. 7,061 crore EBITDA of Rs. 954 crore in EBITDA margin of 13.5% PAT of Rs. 611 crore in in FY23 as compared to Rs. FY23 compared to Rs. 787 in FY23 compared to FY23 compared to Rs. 448 6,306 crore in FY22 crore in FY2
Slide 7: Key Highlights for FY23
Key Highlights for FY23 Revenue (Rs. crore) EBITDA (Rs. crore) PAT (Rs. crore) +21% +37% +12% 954 611 7,061 6,306 787 448 FY22 FY23 FY22 FY23 FY22 FY23 Standalone Financials PNC Infratech Limited 6
Slide 8: Order Book Details
Order Book Details PNC Infratech Limited
Slide 9: Robust Order Book over Rs. 15,000 crores
Robust Order Book over Rs. 15,000 crores ◼ Remaining value of contracts under execution of over Rs. 15,600 crore as on Remaining 31st March 2023 Awarding Key EPC Projects Under Construction Value Authority ◼ The below orders are not included in order book as on 31st March 2023: (Rs. Crores) ✓ Declar
Slide 10: Portfolio of Development Projects on PPP Mode
Portfolio of Development Projects on PPP Mode PNC Infratech Limited
Slide 11: Sizeable Project Portfolio: Operational Projects
Sizeable Project Portfolio: Operational Projects PNC Share of Invested Debt as on 31st % JV Kms / TPC Invested Grant Total Debt Project Authority State / Stretch Type Equity March. ‘23 Stake Partners Lanes (Rs. Crs) Amount (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Kanpur Kabrai 100% NHAI UP
Slide 12: Sizeable Project Portfolio: HAM Projects
Sizeable Project Portfolio: HAM Projects PNC Share of Debt / Bond as on % TPC Invested Equity Total Debt Project Authority State / Stretch Kms / Lanes Status Invested Amount 31st Mar. ‘23 Stake (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Dausa-Lalsot 100% NHAI Raj/ NH11A 83.45/ 4/2 COD 820 65
Slide 13: Annexure – I Summary Financials
Annexure – I Summary Financials PNC Infratech Limited
Slide 14: Standalone Profitability Statement – Q4 & FY23
Standalone Profitability Statement – Q4 & FY23 Rs. Crores Q4 FY22 Q4 FY22 YoY Growth (%) FY23 FY22 YoY Growth (%) REVENUE 2,114.65 1,917.31 10% 7,060.84 6,305.54 12% EBITDA 281.02 224.69 25% 953.88 787.29 21% EBITDA margin 13.3% 11.7% 13.5% 12.5% Other Income 10.51 8.50 38.27 54.24 Depreciation 27.8
Slide 15: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. Crores) Mar-23 Mar-22 EQUITY AND LIABILITIES (Rs. Crores) Mar-23 Mar-22 (1) NON-CURRENT ASSETS EQUITY (a) Property, plant & equipment 521.87 573.73 (a) Equity Share capital 51.31 51.31 (b) Right to Use Assets 9.49 13.83 (b) Other equity 3,890.25 3,288.91 (c) Capi
Slide 16: Net Working Capital Days - Standalone
Net Working Capital Days - Standalone 97 99 87 73 74 77 60 62 57 51 Mar/19 Mar/20 Mar/21 Mar/22 Mar/23 Debtors Net Working Capital PNC Infratech Limited 15
Slide 17: Consolidated Profitability Statement – Q4 & FY23
Consolidated Profitability Statement – Q4 & FY23 Rs. Crores Q4 FY23 Q4 FY22 FY23 FY22 REVENUE 2,304.85 2,226.02 7,956.08 7,208.04 EBITDA 410.61 480.37 1,600.05 1,534.47 EBITDA margin 17.8% 21.6% 20.1% 21.3% Other Income 23.69 21.31 80.63 88.99 Depreciation 56.82 79.48 253.31 390.20 Interest 133.16 1
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Crores) Mar-23 Mar-22 EQUITY AND LIABILITIES (Rs. Crores) Mar-23 Mar-21 (1) NON-CURRENT ASSETS EQUITY (a) Property, plant & equipment 525.15 577.22 (a) Equity Share capital 51.31 51.31 (b) Right to Use Assets 9.49 13.83 (b) Other equity 4,233.74 3,576.78 (c) Ca
Slide 19: Cashflow Statement
Cashflow Statement Standalone Consolidated Rs. Crores Full Year ended 31-Mar-23 Full Year ended 31-Mar-22 Full Year ended 31-Mar-23 Full Year ended 31-Mar-22 Profit before tax 818.36 631.43 957.46 807.94 Adjustments 179.70 326.76 659.43 872.87 Operating Cash flow Before Working Capital Changes 998.0
Slide 20: Segmental Revenue Break-up
Segmental Revenue Break-up 426.86 Q4 FY22 204.86 Q4 FY23 19% 9% 417.36 78.54 18% 4% 1,682.63 1,720.62 73% 77% Roads Water Toll/Annuity Roads Water Toll/Annuity 1,071.35 FY22 FY23 1,206.00 108.10 15% 15% 1% 924.96 12% 6,028.59 5,825.13 84% 73% Roads Water Toll/Annuity Roads Water Toll/Annuity PNC Inf
Slide 21: Annexure – II Company Overview
Annexure – II Company Overview PNC Infratech Limited
Slide 22: 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 84 major
Slide 23: Business Overview
Business Overview Roads & Highways EPC Completed 60 infrastructure road projects on EPC basis Roads & Highways BOT / OMT/ HAM Operating 5 BOT projects, comprising both toll & annuity assets; Total of 22 HAM projects comprising – 6 operational projects, 12 projects under construction, 4 projects wher
Slide 24: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) BOT Holdco for road and other infra projects PNC Bareilly Nainital Highways Private Limited (“PNCBNHPL”) PNC Gomti Highways Private Limited (“PNCGHPL”) Joint Ventures 4 laning of the Bareilly-Almora section of SH 37 4 Laning of Jagdishpur F
Slide 25: Integrated Business Model
Integrated Business Model Equipment Own Quarries / Raw In-house Design & In-house Construction Bank Material Sourcing Engineering ▪ Ownership of a fleet of modern ▪ Own / Leasing of Quarries helps in securing ▪ Controls the entire process from ▪ Ensuring timely completion of equipment enables quick
Slide 26: Enhanced Execution Capability
Enhanced Execution Capability Man & Machine added Strong Credit Rating Working Capital Limits to execute more projects ▪ Long term bank facilities “CARE AA+ ▪ Fund Based Limits of Rs. 1,000 ▪ Strengthening of In-house execution (Double A plus)” crores which will enable us to team with induction of e
Slide 27: Enhanced to Augment and upgrade the execution
Enhanced to Augment and upgrade the execution Rs. Crores 1,317 1,267 1,273 1,094 1,016 FY19 FY20 FY21 FY22 FY23 Present Capex will enable us to achieve a Turnover of Rs. 8,000-10,000 crores PNC Infratech Limited 26
Slide 28: Strengthening of in-house execution team
Strengthening of in-house execution team No. of Employees 10,187 9,599 9,387 8,371 8,334 FY19 FY20 FY21 FY22 FY23 Strengthening of In-house execution team with induction of engineers with strong technical knowledge PNC Infratech Limited 27
Slide 29: Strong Credit Rating
Strong Credit Rating Upgraded Assigned Reaffirmed ◼ PNC Infratech Ltd. ◼ PNC Meerut Haridwar Highways Pvt. Ltd. ◼ PNC Rajasthan Highways Private Limited ✓ Long term bank facilities at CARE AA+; Stable ✓ Non Convertible Debentures at CARE AAA; Stable (Double A plus; Outlook: Stable) ✓ CARE A; Stable
Slide 30: 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 31: 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 32: Clientele
Clientele PNC Infratech Limited 31
Slide 33: Growth Strategy
Growth Strategy Diversification ▪ Leveraging Strong Project Execution track record to diversify into new functional areas of infrastructure development ▪ Expand presence in development of industrial areas and dedicated freight corridor projects ▪ Diversify into waste management, water-related infras
Slide 34: For further information, please contact
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 COO – IR Practice +91-9920602034 dkm@pncinfrate