Slide 1: Cover letter to stock exchanges on investor presentation
No. RITES/SECY/NSE Date: February 01, 2024 To To Listing Department, Corporate Relationship Department National Stock Exchange of India Limited BSE Limited, Rotunda Building, ‘Exchange Plaza', C-1, Block G, Bandra - P J Towers, Dalal Street, Fort, Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai -
Slide 2: Investor Presentation Financial Results: Q3FY24
Investor Presentation Financial Results: Q3FY24 1st February 2024
Slide 3: Safe Harbor
Safe Harbor This presentation report is for distribution purpose only under such circumstances as may be permitted by applicable law. This presentation is for information purposes only without regard to specific objectives, financial situations or needs of any particular persons and does not constit
Slide 4: Content
Content Round-up of Q3FY24 4 Financial Performance 7 Segmental Performance 18 Employee Productivity 25 Order Book 27 RITES | Financial Statements 3
Slide 5: Round-Up Q3FY24
Round-Up Q3FY24 www.rites.com 4
Slide 6: Q3FY24 at a Glance
Q3FY24 at a Glance • Signed a contract agreement for supply of rolling stock to Mozambique • Secured an order to develop OIL Township in Duliajan, Assam, as a Mini Smart City. • Order book : ₹5496cr • Secured 100+ orders worth +₹612 cr (More than one order a day during Quarter) • 3rd Interim dividen
Slide 7: Q3FY24 at a Glance
Q3FY24 at a Glance Q3FY24 Rev 12.8% ₹678 cr Revenue PBT 3.8% PAT 1.7% ₹155 cr PBT ₹119 cr PAT Q2FY24 Rev 15.4% ₹601 cr Revenue PBT 15.5% ₹149 cr PBT PAT 21.9% ₹117 cr PAT Q1FY24 ₹521 cr Revenue ₹129 cr PBT ₹96 cr PAT 6
Slide 8: Financial Performance Q3FY24
Financial Performance Q3FY24 @RITESLIMITED 7
Slide 9: Performance During Q3FY24
Performance During Q3FY24 ₹ in Crore Standalone 0.8% Consolidated -0.6% 703 700 0.3% 0.3% 677 683 651 653 676 678 Q3 FY23 Q3 FY24 Operating Revenue Total Revenue Operating Revenue Total Revenue Revenue remain flat despite fall in Export Revenue All segments except exports have shown sequential and c
Slide 10: Profits for Q3FY24
Profits for Q3FY24 ₹ in Crore Standalone Consolidated -15.5% -12.9% -12.0% -14.3% 171 178 194 199 155 -9.8% -12.5% 144 171 171 Q3FY23 132 147 119 129 Q3FY24 Margins 22.1% 22.8% 17.5% 25.0% 24.4% 18.4% 26.3% 26.3% 19.5% 28.7% 28.3% 20.9% EBITDA PBT PAT EBITDA PBT PAT Decline in profits can be attribu
Slide 11: Financial Summary Q3FY24 (Standalone)
Financial Summary Q3FY24 (Standalone) ₹ in Crore Year on Year (YoY) Quarter on Quarter (QoQ) Increase/ Increase/ Quarter Ended Quarter Ended (Decrease) (Decrease) Particulars 31th December 31th December 31th 30th 2023 2022 Amt. (%) December September Amt. (%) 2023 2023 (i) (ii) (iii) = (i) – (ii) (i
Slide 12: Operating Expenditure Q3FY24 (Standalone)
Operating Expenditure Q3FY24 (Standalone) ₹ in Crore Increase/ Increase/ Quarter Ended Quarter Ended (Decrease) (Decrease) Particulars 31th December 31th 31th 30th September 2023 December Amt. (%) December 2023 Amt. (%) 2022 2023 (i) (ii) (iii) = (i) – (ii) (i) (i) (v) = (i) – (iv) Employees Cost 12
Slide 13: Performance During 9MFY24
Performance During 9MFY24 ₹ in Crore Consolidated Standalone -6.8% -7.6% -8.3% -7.6% 1,949 1,861 1,800 2,024 1,706 1,941 1,871 1,810 9MFY23 9MFY24 Operating Revenue Total Revenue Operating Revenue Total Revenue Domestic consultancy (including QA) has shown a growth of 7.5%. Fall in revenue can be at
Slide 14: Profits for 9MFY24
Profits for 9MFY24 ₹ in Crore Consolidated Standalone -15.1% -17.0% -17.4% -21.4% 524 583 485 555 -15.6% 433 -17.1% 9MFY23 392 471 484 381 432 9MFY24 331 359 Margins 26.0% 25.8% 19.2% 18.4% 22.4% 24.0% 28.6% 28.8% 21.4% 26.1% 26.9% 20.1% EBITDA PBT PAT EBITDA PBT PAT Fall in profits mainly attributa
Slide 15: Financial Summary 9MFY24 (Standalone)
Financial Summary 9MFY24 (Standalone) ₹ in Crore 9 Month ended th th Increase / (Decrease) Particulars 31 December 2023 31 December 2022 (i) (ii) (iii) = (i) – (ii) (%) Operating Turnover 1706 1861 -155 -8 Misc. Income 94 88 6 +7 Total Income 1800 1949 -149 -8 Operating Expenditure 1367 1425 -58 -4
Slide 16: Operating Expenditure 9MFY24 (Standalone)
Operating Expenditure 9MFY24 (Standalone) ₹ in Crore 9 Month ended Increase / (Decrease) Particulars 31th December 2023 31th December 2022 (i) (ii) (iii) = (i) – (ii) (%) Employees Cost 367 372 -5 -1 Travel Expenses 41 38 3 7 Supply & Services (Turnkey) 592 597 -5 -1 Supply & Services (Consultancy)
Slide 17: Subsidiaries & Joint Venture Companies
Subsidiaries & Joint Venture Companies Name of Company/Entities Country of % of Shareholding / Profit Incorporation/ Sharing Establishment 31.12.2023 31.12.2022 Subsidiary Companies Botswana 100 100 RITES (Afrika) (Pty) Limited REMC Limited India 51 51 Joint Venture Companies/Entities SAIL-RITES Ben
Slide 18: Financial Summary 9MFY24 – Subsidiaries
Financial Summary 9MFY24 – Subsidiaries ₹ in Crore Operating Misc. Total Operating Profit Before Profit After Entity Turnover Income Income Expenditure Tax (PBT) Tax (PAT)* Standalone 1706 94 1800 1367 433 331 REMC Ltd 108 4 112 29 83 60 RAPL 6.5 0.1 6.6 5.6 1.0 0.8 SRBWIPL 1.7 1.7 IRSDC 1.4 1.4 Eli
Slide 19: Segmental Performance Q3FY24
Segmental Performance Q3FY24 RITES Ltd. 18
Slide 20: Segmental Revenue – Q3FY24 (Standalone)
Segmental Revenue – Q3FY24 (Standalone) ₹ in Crore Trend Revenue Revenue Consultancy 5.6% 302 Consultancy 286 Lease 3.0% 37 Lease 35 Q3 FY24 Q3 FY23 Export -37.9% 58 Export 93 Turnkey 8.8% 256 Turnkey 236 Other Income - 25 Other Income 25 Higher execution in project consultancy led to increase in Co
Slide 21: Segmental Profits – Q3FY24 (Standalone)
Segmental Profits – Q3FY24 (Standalone) ₹ in Crore Trend Margins Profits Profits Margins Consultancy -6.4% 122 Consultancy 130 40.4% 45.5% Lease 26.3% 15 Lease 12 Q3FY23 Q3FY24 40.2% 32.8% Export -31.0% 17 Export 25 30.0% 27.0% Turnkey -49.2% 6 Turnkey 12 2.3% 5.0% Margins remained range bound in al
Slide 22: Segmental Revenue – 9MFY24 (Standalone)
Segmental Revenue – 9MFY24 (Standalone) ₹ in Crore Trend Revenue Revenue Consultancy 2.0% 865 Consultancy 849 Lease -5.7% 99 Lease 105 9M FY24 9M FY23 Export -61.5% 97 Export 252 Turnkey -1.6% 644 Turnkey 655 Other Income 6.8% 94 Other Income 88 Highest ever 9 month revenue in consultancy despite fa
Slide 23: Segmental Profits – 9MFY24 (Standalone)
Segmental Profits – 9MFY24 (Standalone) ₹ in Crore Trend Margins Profits Profits Margins Consultancy -5.2% 359 Consultancy 380 41.5% 44.8% Lease 1.1% 39 Lease 38 9MFY23 9MFY24 39.3% 36.6% Export -69.5% 19 Export 64 19.9% 25.2% Turnkey -55.7% 12 Turnkey 28 1.9% 4.2% Margins remained range bound in al
Slide 24: REMC Ltd Performance
REMC Ltd Performance 16.2% 33 ₹ in Crore 13.9% 32 28 29 9.1% 9.5% 24 23 28.6% 22 21 18 14 Q3FY23 Q3FY24 Q3FY24 Operating Revenue Total Revenue EBITDA PBT PAT 108 112 28.3% 29.8% 84 86 83 9.5% 29.7% 61 64 33.3% 56 60 45 9MFY23 9MFY24 9MFY24 Operating Revenue Total Revenue EBITDA PBT PAT Highest ever
Slide 25: Segmental Mix 9MFY24
Segmental Mix 9MFY24 ₹ in Crore Foreign 8% Consultancy Domestic 92% Turnkey 38% Consultancy 51% Leasing 6% Exports 5% Consultancy remained the highest revenue generating stream Exports share is expected to increase from FY25 24
Slide 26: Employee Productivity
Employee Productivity @ritesltdindia 25
Slide 27: Employee Productivity
Employee Productivity ₹ in Crore Revenue per Employee Awarded “Dream Company to Work for – 2022” 0.94 0.98 0.83 0.69 0.73 Senior Management with an avg. experience of 30+ 0.65 years Experts in Engineering, Science, Finance, Economics etc. with a mix of regular, deputationists and contract employees
Slide 28: Order Book
Order Book @RITESLtd 27
Slide 29: Order Book
Order Book Order Book Order Book Split Projects Secured as on 31.12.2023 as on 31.12.2023 Segment Break-up Spilt (New & extensions) REMCL (During Q3FY24) 2% Consultancy Consultancy ₹ 270 Crore Turnkey 48% 42% Exports ₹ 294 Crore Consultancy ₹ 2,613 Crore Turnkey ₹ 26 Crore Exports Leasing Projects O
Slide 30: Major Projects Secured – Q3FY24
Major Projects Secured – Q3FY24 ₹ in Crore Secured more than 100 projects/contracts including extensions during the quarter Expected Project Scope Amount Client Completion Year Exports Supply of 10 Locos to CFM, Mozambique 286.2 CFM Mozambique 2025 Project Management consultancy for New line and Dou
Slide 31: Transforming to GREEN
Transforming to GREEN Future Ready~ Not just more of the same; but much more of the New! Get in touch : info@rites.com Stay Updated : fv) @\in@) RITES Limited Ugea fetes Corporate Office: Shikhar, 1, Sector-29, Gurugram-122 001 Tel: (0124)-2571666 E-mail: info@rites.com Website: www.rites.com.