H.g. Infra Engineering Ltd. · NSE:HGINFRA
H.g. Infra Engineering — Q3 FY22 Earnings Presentation
26 slides from H.g. Infra Engineering's earnings presentation, Feb 4, 2022
Slide 1: Revised Investor Presentation Q3 FY22 cover letter to exchanges
CIN : L45201 F`J2003PLC018049 HGIELI February 04, 2022 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange plaza, C-I , Block-G, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai- 400 001 Mumbai- 400 051 Scrip Code- 541019 Scrip Symbol- HGINFRA Dear Sirs,
Slide 2: Strong performance, Stronger outlook
H.G. Infra Engineering Ltd. Strong performance, Stronger outlook Investor Presentation Q3 FY22
Slide 3: Agenda
Agenda 1 Q3 & 9MFY22 Financial Highlights Q3 & 9MFY22 Operational & Project 2 Highlights 3 Stronger outlook strengthened by opportunities 4 Historical Financial Highlights
Slide 4: Q3 & 9MFY22 Financial Highlights
Q3 & 9MFY22 Financial Highlights
Slide 5: Q3 & 9MFY22 standalone financial highlights
Q3 & 9MFY22 standalone financial highlights Revenue (Rs Mn) EBITDA (Rs Mn) & EBITDA Margin (%) PAT (Rs Mn) & PAT Margin (%) Quarter Highlights 16.1% 15.9% 8.9% 9.7% 9,156 7,343 1,452 1,181 889 25% 23% 36% 655 Q3FY21 Q3FY22 Q3FY21 Q3FY22 Q3FY21 Q3FY22 Revenue (Rs Mn) EBITDA (Rs Mn) & EBITDA Margin (%
Slide 6: Standalone profit & loss statement
Standalone profit & loss statement Rs Mn Particulars Q3FY22 Q3FY21 YoY 9MFY22 9MFY21 YoY Revenue from operations 9,156 7,343 24.7% 25,769 14,967 72.2% Cost of material consumed 4,390 3,376 12,853 7,229 Contract and site expenses 2,904 2,396 7,559 4,363 Employee expenses 323 315 944 796 Other expense
Slide 7: Consolidated profit & loss statement
Consolidated profit & loss statement Rs Mn Particulars Q3FY22 Q3FY21 YoY 9MFY22 9MFY21 YoY Revenue from operations 9,514 7,816 21.7% 26,744 15,460 73.0% Cost of material consumed 4,390 3,896 12,853 7,229 Contract and site expenses 2,910 1,989 7,573 4,373 Employee expenses 329 316 959 807 Other expen
Slide 8: Debt breakup
Debt breakup Consolidated Debt Breakup Standalone Debt Breakup 14% 30% 70% 86% Standalone Debt Project Debt Term Loan Working Capital Rs Mn Dec-21 Rs Mn Dec-21 Standalone debt 3,132 Term loan + current maturities* 1,727 Non-Convertible Debentures (NCD) 970 Project debt* 7,408 Working capital 435 Tot
Slide 9: Boosting financial robustness through healthy balance sheet
Boosting financial robustness through healthy balance sheet Net Working Capital (Days) Debt to Equity (x) Debtor Days Inventory Days Creditor Days 0.75 52 Days 46 Days 41 Days 33 Days 21 Days 0.58 95 91 88 0.45 79 69 69 64 0.28 52 51 51 49 46 0.23 45 42 36 FY18 FY19 FY20 FY21 H1FY22 ✓ Debtor days =
Slide 10: Q3 & 9MFY22 Operational & Project Highlights
Q3 & 9MFY22 Operational & Project Highlights
Slide 11: Recent developments
Recent developments ▪ Awarded EPC project in the State of Karnataka in the month of Jan ‘22 Projects Awarded - Development of 6 Lane highway with access control of Neelmangala-Tumkar including Tumkar bypass section of NH-48 under Bharatmala Pariyojna Phase I - Bid Project Cost – Rs 8,441 Mn ▪ Receiv
Slide 12: Robust & well diversified order book
Robust & well diversified order book Awarding ~Completion Progress Unexecuted Value Private Project Project Status Authority as on 31st Dec’21 (Rs Mn) 10% Karala-Kanjhawala UER NHAI Under Execution ~1% 12,310 Client type break- up Delhi Vadodara Pkg-9 NHAI Under Execution 42% 6,797 Govt. Mancherial
Slide 13: An expanding portfolio of HAM projects
An expanding portfolio of HAM projects Physical Grant Total Invested Debt as on Awarding BPC Progress on Project State Kms Lanes Amount Debt Equity 31st Dec ‘21 authority (Rs. Mn) 31st Dec’ ’21 (Rs. Mn) (Rs. Mn) (Rs. Mn) (Rs. Mn) (%) Gurgaon-Sohna NHAI Haryana 12.7 6,060 2,424 2,879 656 2,499 98% (R
Slide 14: Status of new projects
Status of new projects Project BPC LOA Project State Agreement Signed Status of Land Appointed Date Type (Rs Mn) Received ~95% land is Declared w.e.f. Karala-Kanjhawala UER Delhi EPC 13,931 23rd July 2021 8th Sept 2021 available 28th Oct 2021 ~70% land is Raipur Visakhapatnam AP-1 Andhra Pradesh HAM
Slide 15: Stronger outlook strengthened by opportunities
Stronger outlook strengthened by opportunities
Slide 16: Moving forward in our growth journey..
Moving forward in our growth journey.. Phase I (2008-2012) Phase II (2013-2017) Phase III (2018-2021)… ...& beyond Subcontractor with major Upcoming prime contractor Leading road developer with experience in 1 state starting contracts with NHAI pan India presence Capabilities PWD/ Civil construction
Slide 17: Historical Financial Highlights
Historical Financial Highlights
Slide 18: Robust execution capabilities reflected in strong growth in revenue and order book
Robust execution capabilities reflected in strong growth in revenue and order book Revenue (Rs Mn) Order Book (Rs Mn) and Book to Bill (x) 22.0% CAGR 25,769 15.2% CAGR 79,502 71,028 70,400 25,275 62,223 21,961 20,098 31st December 2021 46,071 9MFY22 13,927 3.3 3.1 3.2 2.8 FY18 FY19 FY20 FY21 Mar'18
Slide 19: Strong repository of asset base enabling efficient execution
Strong repository of asset base enabling efficient execution Gross Block (Rs Mn) Fixed Asset Turnover (x) 7,903 7,602 6,898 5.2 6,106 4.5 4.6 4.6 31st December 2021 4,897 Mar'18 Mar'19 Mar'20 Mar'21 Mar'18 Mar'19 Mar'20 Mar'21 Invested ~Rs 2,705 Mn in plant and machinery in last 3 years Fleet of mod
Slide 20: Coupled with rich resource pool of skilled and talented workforce
Coupled with rich resource pool of skilled and talented workforce No. of Employees Employee Expense (% of revenue) 4,600 4,018 5.9% 5.9% 6.0% 5.5% 3,570 3,171 Mar'18 Mar'19 Mar'20 Mar'21 Mar'18 Mar'19 Mar'20 Mar'21 ✓ Employees include full time employees as well as manpower service ✓ Employee expens
Slide 21: Delivering value through a disciplined approach
Delivering value through a disciplined approach EBITDA (Rs Mn) and Margin (%) PAT (Rs Mn) and Margin (%) 4,107 2,110 3,419 27% Return on Capital 1,657 3,032 Employed FY21 1,236 8.3% 2,081 16.2% 7.5% 15.6% 842 15.1% 14.9% 6.1% 6.0% 20% Return on Equity FY21 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 Sta
Slide 22: Standalone profit & loss statement
Standalone profit & loss statement (Rs mn) FY21 FY20 FY19 Revenue from operations 25,275 21,961 20,098 Cost of material consumed 11,857 8,926 8,919 Contract and site expenses 7,952 8,137 6,665 Employee expenses 1,093 1,114 1,191 Other expenses 267 365 291 Total Operating expenses 21,168 18,542 17,06
Slide 23: Standalone balance sheet
Standalone balance sheet Rs Mn Sep’21 Mar’21 Rs Mn Sep’21 Mar’21 Share Capital 652 652 Fixed Assets incl. CWIP 4,804 4,813 Reserves 11,204 9,670 Other Financial Assets 2,923 2,771 Shareholders' Funds 11,856 10,322 Other Non Current Assets 149 181 Secured Loans 768 945 Total Non-Current Assets 7,876
Slide 24: Consolidated profit & loss statement
Consolidated profit & loss statement (Rs mn) FY21 FY20 FY19 Revenue from operations 26,023 22,171 20,145 Cost of material consumed 11,857 8,926 8,919 Contract and site expenses 7,967 8,158 6,666 Employee expenses 1,108 1,123 1,194 Other expenses 334 413 320 Total Operating expenses 21,266 18,620 17,
Slide 25: Consolidated balance sheet
Consolidated balance sheet Rs Mn Sep’21 Mar’21 Rs Mn Sep’21 Mar’21 Share Capital 652 652 Fixed Assets incl. CWIP 4,810 4,818 Reserves 11,675 9,974 Other Financial Assets 6,802 4,241 Shareholders' Funds 12,327 10,626 Other Non Current Assets 297 311 Secured Loans 6,854 5,570 Total Non-Current Assets
Slide 26: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by HG Infra Engineering 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 s
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