Om Infra Limited · NSE:OMINFRAL
Om Infra — Q3 & 9MFY24 Earnings Presentation
30 slides from Om Infra's earnings presentation, Feb 14, 2024
Slide 1: Om Infra Limited - Presentation to Investors
OM INFRA LIMITED (Formerly known as OM METALS INFRAPROJECTS LIMITED) CIN: L27203RJ1971PLC003414 ____________________________________________________________________________ Regd. Office: 2nd Floor, A-Block, Om Tower, Church Road, M.I. Road, Jaipur-302001 Tel:+91-141-4046666 Website: www.ommetals.com
Slide 2: Investor Presentation Q3 & 9MFY24
Investor Presentation Q3 & 9MFY24
Slide 3: Safe Harbor
Safe Harbor 2 This presentation and the accompanying slides (the “Presentation”), which have been prepared by Om Infra 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 securities
Slide 4: Table of Content
Table of Content 3 1 Key Highlights 2 Company Overview 3 Liquidity Events in the Offing 4 Financial Highlights
Slide 5: Financial Highlights - 9MFY24
Financial Highlights - 9MFY24 4 Net Revenue (Rs Cr) EBITDA (Rs Cr) & EBITDA Margin (%) PAT (Rs Cr) & PAT Margin (%) 630 50 9% 12% 70 14% 540 65 45 7% 8% 60 12% 40 7% 55 35 Standalone 450 50 10% 6% 45 30 360 40 7% 8% 4% 5% 25 35 62 4% 270 522 30 6% 20 38 25 3% 180 391 20 4% 15 2% 15 10 90 10 25 2% 15
Slide 6: Operational Highlights
Operational Highlights 5 Accounting Considerations: • Engineering: Execution of Jal Jeevan Mission (JJM) projects (in UP and Rajasthan, bagged in Q4FY22) progressing at expected pace. These projects typically earn an EBITDA Margin in the range of 12-15% over the life of the project as against 18-20%
Slide 7: Arbitration Amount Received in 9MFY24
Arbitration Amount Received to the tune of Rs 64 Cr in 9MFY24 6 Projects Explanation Current Status Received Date Amount • The long-drawn disputes in an SPV where we have 60% Neepco share in the project settled by a resolution committee Amount (Kameng Hydro, Rs 18 Crs Q1 FY24 and our expenses and co
Slide 8: Standalone Financials – Q3 & 9MFY24
Standalone Financials – Q3 & 9MFY24 7 Standalone (Rs Cr) Q3FY24 Q3FY23 9MFY24 9MFY23 FY23 Net Sales 252.0 201.3 773.7 391.4 719.8 Raw Material Costs 129.6 117.7 327.2 203.4 335.9 Employee Expenses 8.6 7.8 24.8 20.4 27.6 Other Operating Expenses 106.3 60.3 352.1 142.3 299.4 EBITDA 7.5 15.4 69.7 25 56
Slide 9: Consolidated Financials – Q3 & 9MFY24
Consolidated Financials – Q3 & 9MFY24 8 Consolidated (Rs Cr) Q3FY24 Q3FY23 9MFY24 9MFY23 FY23 Net Sales 271.5 209.2 818.1 452.5 799.2 Raw Material Costs 146.0 128.4 366.0 264.9 423.4 Employee Expenses 9.1 8.4 26.3 21.9 29.7 Other Operating Expenses 114.2 62.5 362.2 149.1 308.5 EBITDA 2.2 9.9 63.7 16
Slide 10: Company Overview
Company Overview
Slide 11: Key Business Strengths
Key Business Strengths 10 Healthy Profitability Leadership position in core business of Turnkey execution contracts for Hydro Mechanical Equipment for Hydro Power & Irrigation projects, thereby generating Healthy Profit Margins and Free Cashflows Technically Qualified One of few eligible contenders
Slide 12: Our Offerings and Marquee Clients
Our Offerings and Marquee Clients 11 Key Products Marquee Clients ▪ Gates: Radial, Vertical, Stoplog, Draft Tube Gates ▪ Liners: Steel, Penstocks and Pressure Shaft ▪ Trash Racks and Cleaning Machines ▪ All types of Cranes ▪ Mechanical and Hydraulic Hoists ▪ Steel Bridges and Walkways ▪ Remote Contr
Slide 13: Well – Experienced Management Team
Well – Experienced Management Team 12 C P Kothari D P Kothari Sunil Kothari Vikas Kothari Chairman Emeritus Chairman Vice Chairman Managing Director & CEO ▪ With the company for almost 50 ▪ With immense experience in ▪ Responsible for all financial ▪ Over 20 years of experience in managing years; Pl
Slide 14: Demonstrated track record of Engineering skills
Demonstrated track record of Engineering skills 13 Koldam Hydro Electric Rangandi Hydro Prakassam Barrage Gosikhurd Dam Project Electric Project Project Project • 800 MW project with • Execution of one of the • 70 old rusted gates to be complicated design of gates • 405 MW project in a difficult lar
Slide 15: Healthy Order Book of Rs 2,498 Cr
Healthy Order Book of Rs 2,498 Cr, forming ~3.1x of FY23 Revenue 14 Hydro & Water Projects: • Execution Period - 3 to 4 years • EBITDA Margin - 18% to 20% Hydro & Water 40% 3,577 3,020 2,498 Jal Jeevan 1,864 Mission 1,591 60% 1,247 817 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Dec-23 JJM Projects: •
Slide 16: Order Book Break-up
Order Book Break-up 15 Unexecuted Project Client (Rs Cr) Jal Jeevan Mission (JJM) 1,490 - Uttar Pradesh SWSM – Namami Gange and Rural Water Supply Dept. 750 - Rajasthan Public Health Engineering Dept. 740 Hydro & Water 1,008 - Shapurkandi Power Project WRD Punjab 355 - Isarda Dam Irrigation Project
Slide 17: Growth Opportunity – Jal Jeevan Mission (JJM)
Growth Opportunity – Jal Jeevan Mission (JJM) 16 States where large number of Households yet to get FHTC ▪ The focus of the mission is to enable every household in villages to have Functional Household Tap Connection (FHTC) (Har Ghar Jal) by 2024 29 42 42 56 52 ▪ With this, each household will have
Slide 18: Growth Opportunity – Hydro Power & Water
Growth Opportunity – Hydro Power & Water 17 Hydro Power ▪ India’s Demand for Energy is expected to grow significantly led by expected growth in industrial and commercial activity in the Om Infra, with its demonstrated coming years. track record and leading position in ▪ Installed RE capacity has inc
Slide 19: Growth Opportunity – Pumped Storage Projects (PSP)
Growth Opportunity – Pumped Storage Projects (PSP) 18 How it works and why it is needed India aims to achieve Net-Zero ▪ PSPs uses energy to pump up water at higher level and then let it Energy Carbon Emissions by 2070 and Grid descend and produce electricity when needed. During low demand, towards
Slide 20: Liquidity Events in the Offing
Liquidity Events in the Offing
Slide 21: Summary of Strong Cashflows Expected over the Next 2-5 years
Summary of Strong Cashflows Expected over the Next 2-5 years 20 A) Real Estate – Current Projects Rs 330 Cr Estimated Timeline ▪ Pallacia, Jaipur Rs 300 Cr 2 to 3 years ▪ Om Green Meadows, Kota Rs 30 Cr As per development plan and B) Real Estate – Landbank sharing ratio ▪ Bandra, Mumbai (MHADA) 4 to
Slide 22: A) Real Estate - Current Projects
A) Real Estate - Current Projects 21 Project Pallacia, Jaipur Om Green Meadows, Kota Unique high-end RERA compliant apartments have a Residential township has flats, villas and apartments and Description complete lifestyle experience with Luxury Living provides residents a complete lifestyle experie
Slide 23: B) Real Estate – Landbank
B) Real Estate – Landbank 22 Bandra, Mumbai (MHADA) – Slum Rehabilitation and Residential Development Project ▪ Om Infra (35% stake) along with a Consortium was allocated FSI on a plot of land for redevelopment (SRA) by MHADA in the year 2006 for Rs 106 Cr ▪ The FSI allotted allowed for development
Slide 24: C) Arbitration Awards Worth ~Rs 587 Cr
C) Arbitration Awards Worth ~Rs 587 Cr 23 Amount Project Explanation Current Status (Rs Cr) • Om Infra developed the 212 km road project in Jaipur Bhilwara Stretch PWD deposited 10% of • Private vehicles were made toll free effective 1-Apr-18 by the State Govt. and thus the Company arbitration award
Slide 25: Financial Highlights
Financial Highlights
Slide 26: Key Highlights (Consolidated)
Key Highlights (Consolidated) 25 Net Revenue (Rs Cr) EBITDA (Rs Cr) & EBITDA Margin (%) PAT (Rs Cr) & PAT Margin (%) 880 Engineering 799 818 70 19% 20% 840 800 JJM 60 18% Real Estate 760 60 720 128 64 16% 680 640 Other 14% 50 5% 6% 50 600 560 Total 14% 45 5% 5% 40 520 12% 480 347 40 44 44 35 4% 4% 4
Slide 27: Annual Profit & Loss
Annual Profit & Loss 26 Consolidated (Rs Cr) FY21 FY22 FY23 9MFY24 Net Sales 235.6 313.0 799.2 818.1 EBITDA Margin impacted by higher raw material prices, Raw Materials 129.5 197.9 423.4 366.0 mainly Steel, and the lag effect in pass through of cost Employee Expenses 20.9 25.4 29.7 26.3 escalations
Slide 28: Balance Sheet
Balance Sheet 27 Liabilities (Consolidated Rs Cr) Mar-21 Mar-22 Mar-23 Sept-23 Assets (Consolidated Rs Cr) Mar-21 Mar-22 Mar-23 Sept-23 Total Equity 627.1 661.1 682.6 713.8 Non-Current Assets 256.1 257.2 584.4 603.5 Share Capital 9.6 9.6 9.6 9.6 Property, Plant and Equipment 75.1 85.0 76.8 81.4 Othe
Slide 29: Stock Performance & Share Holding
Stock Performance & Share Holding 28 1 Year Stock Performance (Price-Volume) 180 27 Share Holding Pattern (31-Dec-23) 160 24 140 21 120 18 100 15 30.9% 80 12 60 9 40 6 69.1% 20 3 0 0 13-Mar-23 10-Apr-23 5-Jun-23 20-Nov-23 15-Jan-24 13-Feb-23 25-Sep-23 12-Feb-24 31-Jul-23 28-Aug-23 3-Jul-23 8-May-23
Slide 30: Thank You
Thank You Om Infra Limited Stellar IR Advisors Private Limited Reena Jain, Company Secretary Pooja Sharma / Vishal Mehta cs@ommetals.com pooja.sharma@stellar-ir.com; vishal@stellar-ir.com 2nd floor, A Block, Om Tower, A-405, Kanakia Wall Street, Church Road, MI Road, Chakala, Andheri (East), Jaipur