Slide 1: Exchange filing cover letter
WA BAG An ISO 9001 Company November 07, 2024 National Stock Exchange of India Limited BSE Limited, Exchange Plaza, Plot No. C/1, G Block, Floor 25, P J Towers, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 051 Mumbai - 400 001 NSE Symbol: WABAG BSE Scrip Code: 533269 Dear Sir/ Madam,
Slide 2: Results Update Presentation Q2 & H1 FY 2024-25
Results Update Presentation Q2 & H1 FY 2024-25 VA TECH WABAG LTD November 7, 2024
Slide 3: Safe Harbor Statement
Safe Harbor Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by VA TECH WABAG LIMITED (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: Agenda
Agenda 1. About The WABAG Group 04 2. Financial Performance 15 3. Order Book Analysis 25 4. Awards & Accolades 33 Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 3
Slide 5: About The WABAG Group
About The WABAG Group Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 4
Slide 6: Enriching lives through Vision - Mission - Values
Enriching lives through Vision - Mission - Values Vision Mission W Win-Win approach with Customer & every Stakeholder WABAGites enrich Life A Advanced Technology & Value Engineering Solutions by Preserving Resources, B Build an Empowered, Entrepreneurial & Creative Team Protecting Environment, A Asp
Slide 7: Akshay Vata – Contributing to a Cleaner, Greener, Bluer Planet
“AKSHAY VATA” – Contributing to a Cleaner, Greener, Bluer Planet Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 6
Slide 8: Delivering Innovative Water Solutions Worldwide
Delivering Innovative Water Solutions Worldwide Sustainable Solutions 27 Mn m3 630+ Tons 125+ IP Rights Desalination, Waste Water Treatment, Waste Water Treated GHG Emissions Developed in-house Recycle & Reuse, Effluent Treatment, per day Reduced per day Drinking Water, Zero Liquid Discharge, Sludge
Slide 9: 100 Years Young & Strong
100 Years Young & Strong Foundation of WABAG Initiation of water Completion of the 3-stage Foundation of VA Acquisition of WABAG Wasserfilterbau in technology activities by acquisition of WABAG by TECH WABAG Ltd., from Deutsche Babcock Wroclaw J. Overhoff, Austria Deutsche Babcock Chennai, India by
Slide 10: WABAG across the globe
WABAG across the globe 3rd largest private water operator, Touched 88+ Mn lives globally World’s th 5 top desalination plant suppliers 25 24 Presence in 25+ Countries 27 26 Global R&D centres in Europe & India 20 17 14 4 Core expertise in Engineering & Procurement (EP); Asset Light Model 15 12
Slide 11: Aligned with Sustainable Development Goals
Aligned with Sustainable Development Goals Clean Water & Sanitation Our Path to Net Zero Water Positive WABAG ensures access to clean water and sanitation for all, thereby addressing the SDG - 6 critical global need for water security in the form of water conservation, water recycle - reuse and manu
Slide 12: Ethics in Action: Strong Governance Policies
Ethics in Action : Strong Governance Policies Strong Ethical and Governance Commitment to Sustainability Committees Framework and Social Responsibility Audit Committee Our policies, including Code of Our policies like Corporate Social Conduct, Insider Trading Prevention, Responsibility, Sustainabili
Slide 13: Robust Governance Structure
Robust Governance Structure • Long-term shareholder value creation • Strong engagement through transparent communication Shareholders • Balanced and diversified Board; 2/3rd are Non-Executive Directors • Experienced and vibrant Board of Directors with requisite skills and expertise Board • All seven
Slide 14: Championing Sustainability: Our ESG Commitments
Championing Sustainability : Our ESG Commitments E Reduction of emissions under ~60 million m3 water treated Increase water positivity by 25% direct control (scope 1 & scope 2) per day and 41+ MW Green thru treatment of 1.25 Trillion by 20% by 2035 through increase Energy generated per day; litres/y
Slide 15: For the Future
For the Future Strategic tie up with Business potential of ~200 Actively working with ‘Peak Sustainability Mn USD; in discussion with municipal local bodies on few Biogas to CBG Ventures’ to establish Municipal and Industrial projects which are in advance 100 CBG plants customers stage Partnered wit
Slide 16: Financial Performance
Financial Performance Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 15
Slide 17: Business Highlights – Q2 & H1 FY25
Business Highlights – Q2 & H1 FY25 Consolidated* Q2 FY 25 H1 FY 25 Robust Order Book & Pipeline (INR Millions) Revenue 7,003 9.3% 13,199 11.4% • Highest ever Order Book, over Rs. 146 Bn • Provides Robust Revenue Visibility EBITDA 1,030 17.6% 1,854 19.0% • Preferred bidder in some large Marquee Proje
Slide 18: H1 Financial Performance over the years
H1 Financial Performance over the years INR Mn REVENUE 13,268 EBITDA 1,843 H1 FY25 13,268 H1 FY25 1,843 H1 FY24 12,178 H1 FY24 1,636 24% CAGR H1 FY23 13,821 H1 FY23 1,543 H1 FY22 13,420 H1 FY22 966 PAT 1,256 Basic EPS 20.20 H1 FY25 1,256 H1 FY25 20.20 H1 FY24 1,102 H1 FY24 17.71 45% CAGR ~3X H1 FY23
Slide 19: Cash & Debt Position
Cash & Debt Position INR Mn 11 6,433 12 5,149 1,168 13 5 635 3,442 1,098 3,375 3,465 2,874 3,058 2,132 2,170 1,295 1,707 742 Q4 FY'23 Q4 FY'23 Q2 FY'24 Q2 FY'24 Q4 FY'24 Q4 FY'24 Q2 FY'25 Q2 FY'25 Cash Balance Borrowing Cash Balance Borrowing Cash Balance Borrowing Cash Balance Borrowing Excl HAM HA
Slide 20: Medium Term Outlook
Medium Term Outlook RoCE O&M at Order Book Revenues EBITDA Net Cash >20% 20% of RoE >15% Outlook 3x of Revenue 15 - 20 % CAGR 13 - 15 % Positive Asset Light Total Revenues (3-5 Years) 145+ Bn EBITDA RoCE O&M Net Cash Revenues Highest Order 13.9% of 18.3% 19% of RoE 14.6% Positive INR Up 11% (YoY)* P
Slide 21: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement INR Mn Particulars Q2 FY’25 Q2 FY’24 YoY % H1 FY25 H1 FY24 YoY % Revenue from Operations 7,003 6,650 5.3% 13,268 12,178 9.0% Cost of Sales 5,219 4,938 9,817 9,116 Total Cost of Operations (TCO) 848 851 1,648 1,545 Forex Loss/(Gain) (94) (115) (40) (119) EBITDA 1,
Slide 22: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement INR Mn Particulars Q2 FY’25 Q2 FY’24 YoY % H1 FY25 H1 FY24 YoY % Revenue from Operations 6,133 6,041 1.5% 11,592 11,134 4.1% Cost of Sales 4,556 4,610 8,539 8,502 Total Cost of Operations (TCO) 741 659 1,404 1,221 Forex Loss/(Gain) (82) (112) (59) (122) EBITDA 918
Slide 23: Balance Sheet
Balance Sheet INR Mn Consolidated Standalone Particulars Sept’24 Mar’24 Sept’24 Mar’24 Total Equity (Net Worth) 19,721 18,239 16,110 14,962 Non-Current Payables 1,595 1,283 1,691 1,329 Trade Payables 8,308 10,283 7,392 8,866 Borrowings 4,226 2,806 2,988 1,642 Other Non-Current Liabilities 2,391 2,78
Slide 24: Cash Flow Statement
Cash Flow Cash Flow Statement Statement INR Mn H1 FY 25 H1 FY 24 Particulars Consolidated Standalone Consolidated Standalone • Improved collection cycle in H1 enabled Trade Receivable Net cash generated reduction of 5%, while revenue from/(used in) (251) 336 (272) 985 grew 9% operations • Trade Paya
Slide 25: Capital Market Information
Capital Market Information Share Market Performance (31st Oct’24) Shareholding Pattern as on Sept 2024 NIFTY 8% Wabag 125% Promoters 19.13% 1,747 Public FIIs 14.68% 775 62.60% 24,205 22,462 DIIs Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 3.59% (Source : NSE Website) Celebrating a Century of In
Slide 26: Order Book Analysis
Order Book Analysis Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 25
Slide 27: EPC Business Analysis H1 FY25
EPC Business Analysis H1 FY25 INR Mn Revenue Growth (YoY) 8% Order Backlog Growth (YoY) 37% 22% 9% 37% 41% 10,927 14% 417 3,159 45% 1,185 4,062 38% 13% 7,767 4,479 18,512 68,618 86% 6,585 62% 87% 50,106 55% 5,400 H1 FY24 H1 FY25 FY25 H1 FY25 Opening Municipal Industrial Municipal Industrial 62% 33%
Slide 28: O&M Business Analysis H1 FY25
O&M Business Analysis H1 FY25 Revenue Growth (YoY) 13% Order Backlog Growth (YoY) 21% INR Mn 19% 15% 205% 8% 59 332 13% 9,652 18% 17% 391 356 7% 3,166 3,174 6,485 83% 2,237 87% 93% 41,770 44,944 82% 1,881 H1 FY24 H1 FY25 FY25 H1 FY25 Opening Municipal Industrial Municipal Industrial 9% 27% 23% 5% 21
Slide 29: Order Book Analysis H1 FY25
Order Book Analysis H1 FY25 Revenue Growth (YoY) 9% INR Mn 13% 10% 32% 8% 21% 10% 2,272 766 297 2,569 19% 477 666 1,729 19% 40% 1,541 4,394 33% 44% 5,407 7,136 46% 4,871 81% 81% 9,880 10,646 60% 67% 56% 7,281 8,822 6,745 6,079 54% H1Y24 H1 FY25 H1Y24 H1 FY25 H1Y24 H1 FY25 EPC O&M Municipal Industria
Slide 30: Revenue Breakup – H1 FY 2025
Revenue Breakup – H1 FY 2025 INR Mn By Business Offering & Customer Segment By Geography INR Mn Municipal Industrial Total INR Mn Total EPC (Rs. Bn) 8% EPC 6,585 4,062 10,646 India 6,079 O&M 2,237 332 2,569 Overseas 7,136 9.9 10.6 Grand Total 8,822 4,394 13,216 Grand Total 13,216 H1 FY 24 H1 FY 25 O
Slide 31: Order Intake Breakup – H1 FY 2025
Order Intake Breakup – H1 FY 2025 INR Mn By Business Offering & Customer Segment By Geography INR Mn Municipal Industrial Total Rs. Million Total EPC EPC 25,565 7,437 33,002 India 19,674 72% 28% O&M O&M 6,219 6,847 13,066 Overseas 26,393 Grand Total 31,784 14,283 46,067 Grand Total 46,067 Municipal
Slide 32: Closing Backlog – H1 FY 2025
Closing Backlog – H1 FY 2025 By Business Offering & Customer Segment By Geography INR Mn INR Mn Municipal Industrial Total INR Mn Total 30% EPC 68,618 10,927 79,545 India 81,160 O&M 44,944 9,652 54,596 Overseas 52,981 55 Framework - - 11,894 Framework 11,894 Grand Total 1,13,563 20,578 1,46,035 Gran
Slide 33: Key Projects in Order Backlog
Key Projects in Order Backlog INR Mn Key Contracts in Order book Amount** Key Framework Contracts # Amount** 400 MLD Perur, Chennai – Desal* 30,705 Libya STP ## 6,114 300 MLD SWA, Yanbu al-Bahr, KSA – Desalination* 23,130 Bomba MED, Libya 5,780 UPJN, O&M of Agra & Ghaziabad – OCOO 10,795 100 MLD Ind
Slide 34: Awards & Accolades
Awards & Accolades Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 33
Slide 35: Awards & Accolades
Awards & Accolades “Most Admired Company in Water “Exceptional Project Execution and “Excellence in Water Resource Infrastructure” Delivery category” Management” WABAG was recognized as the “Most Admired WABAG awarded under the “Exceptional Project WABAG has been honoured to receive the "Excellence
Slide 36: Awards & Accolades
Awards & Accolades “Mahatma Awards - 2024 for Sustainable “Excellence in Occupational Health, “Best Employer Award” & and Responsible Business Practices” Safety & Environment - 2024” "CEO of the Year" WABAG has been honoured with the “Mahatma Awards World Safety Organization has honoured WABAG with
Slide 37: Thank You
THANK YOU Company Investor Relations Advisors VA Tech Wabag Ltd. Adfactors PR Pvt. Ltd. CIN - L45205TN1995PLC030231 CIN - U74140MH1997PTC110210 Mr. Skandaprasad Seetharaman Ms. Savli Mangle Group Chief Financial Officer Vice President investors@wabag.in savli.mangle@adfactorspr.com www.wabag.com www
Slide 38: Annexures
Annexures Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 37
Slide 39: Increasing contribution in cleaning the Holy River
Increasing contribution in cleaning the Holy River Committed to managing over 195 crore liters each day to rejuvenate Aviralta & Nirmalta of River Ganga Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 38
Slide 40: Pioneering the 'One-City One-Operator' Model
Pioneering the ‘One-City One-Operator’ Model Ensuring sustainable and healthy Environment for the citizens of Agra and Ghaziabad, India Resolving SEWER NETWORK issues promptly Ghaziabad 462 MLD Sewage Treatment at and ensuring customer satisfaction 15 STPs & 15 Pumping Stations Ensuring functioning
Slide 41: Our Key Clients
Our Key Clients Municipal Industrial Funding Agencies Serving clients in…. Municipal Water & Waste Water Oil & Gas Power plants Steel Food & Beverages Fertilizer Industrial parks Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 40
Slide 42: Landmark Projects
Landmark Projects Al Madina Al Shamaliya 40 MLD Sewage 102 MLD Industrial Effluent Treatment Plant Treatment Plant, Bahrain for PETRONAS, Malaysia Awarded Wastewater Project of the Year at Largest industrial Effluent Treatment Plant in Global Water Awards, 2019 Southeast Asia 191 MLD SWRO (Desalinat
Slide 43: Landmark Projects
Landmark Projects 110 MLD Sewage Treatment Plant, 130 MLD Drinking Water Treatment Plant, Kodungaiyur, Chennai, India Tanzania One of the most energy efficient and energy First water project in Africa to be neutral STPs in the country commissioned under EXIM India funding 40 MLD Madinaty Wastewater