Gayatri Projects Limited · NSE:GAYAPROJ
Gayatri Projects — Q1 FY17 Earnings Presentation
30 slides from Gayatri Projects's earnings presentation, Sep 9, 2016
Slide 1: Stock exchange cover letter on Q1 FY17 analyst call
Date : 7" September, 2016 / To, Oy GAYATRI The Genera! Manager, The Department of Corporate Relations, The Bombay Stock Exchange Limited., 25" Floor, Phiroz Jeejeebhoy Towers, Dalal Street, Mumbai — 400 001 The Secretary, National Stock Exchange of India Ltd. 5" Floor, Exchange Plaza Plot No.C/1, G
Slide 2: Gayatri Projects Q1 FY17 Earnings Call
Gayatri Projects Ltd Q1 FY17 Earnings Call Friday, September 9 at 11 A.M. IST Hyderabad, September 7, 2016: Gayatri Projects Limited (GPL), a prominent and well established infrastructure company specializing in road, irrigation and industrial projects, with a pan India presence and a strong asset d
Slide 3: Q1 FY17 Results Presentation
Q1 FY17 Results Presentation September, 2016
Slide 4: Disclaimer
Disclaimer Some of the statements in this presentation that are not historical facts are forward looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business an
Slide 5: Index
Index Financial Highlights – Q1 FY17 Order Book Q1 FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 3 Copyright 2016 Gayatri Project Ltd
Slide 6: Financial Highlights – Q1 FY17
Financial Highlights – Q1 FY17 Order Book Q1 FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 4 Copyright 2016 Gayatri Project Ltd
Slide 7: Q1 FY17 Financial Performance – At a Glance
Q1 FY17 Financial Performance – At a Glance +7% +6% +53% REVENUE EBITDA PAT ORDER BOOK* Rs.432cr Rs.61cr Rs.16cr Rs.12,269cr * As of Jul, 2016 5 Copyright 2016 Gayatri Project Ltd
Slide 8: Key Highlights
Key Highlights • Bagged orders in excess of Rs.1,000 crore during Q1 FY17 – – Rs. 706 crore order from M/s. City and Industrial Development Corporation of Maharashtra (CIDCO) for land development of Navi Mumbai International Airport – Rs. 306 crore order from the Ministry of Road Transport & Highway
Slide 9: Q1 FY17 Highlights
Q1 FY17 Highlights Figs. In crore REVENUE EBITDA 405 432 58 61 Q1 FY16 Q1 FY17 Q1 FY16 Q1 FY17 PAT • Weak revenue growth of 7% despite a 11 16 strong accretion in order book over last 12 months is due to delays in start of work at new project sites (primarily land acquisition issues). Expect rapid r
Slide 10: M.D.'s Comments
M.D.’s Comments Commenting on the results, Mr. Sandeep Kumar Reddy, Managing Director, Gayatri Projects Limited said “We have started off the year on a positive note, maintaining strong order book accretion momentum in our core Construction Business, announcing a comprehensive restructuring of our r
Slide 11: Order Book
Financial Highlights – Q1 FY17 Order Book Q1 FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 9 Copyright 2016 Gayatri Project Ltd
Slide 12: Order Book Update
Order Book Update Order Book - Details • Order-book accretion gathers pace - order-backlog of Rs.12,269 Cr at the end of the quarter o Rs. 706 crore order from M/s. City and Industrial Development Corporation of Maharashtra (CIDCO) for Order Book – Break Up land development of Navi Mumbai Internatio
Slide 13: Recent Developments
Recent Developments Financial Highlights – Q1 FY17 Order Book Q1 FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 11 Copyright 2016 Gayatri Project Ltd
Slide 14: Recent Developments
Recent Developments 1 Strong order inflows Comprehensive restructuring and separate listing of 2 road assets Power Genco Asset Holding Structure Optimised – 3 Call option written by Sembcorp 12 Copyright 2016 Gayatri Project Ltd
Slide 15: EPC Biz – Momentum in Order Inflows continue
EPC Biz – Momentum in Order Inflows continue • Bagged orders worth more than Rs.1,000 crore during the quarter • Bagged maiden order in construction of airports by bagging Rs. 706 crore order from M/s. City and Industrial Development Corporation of Maharashtra (CIDCO) • Scope of work includes land d
Slide 16: Restructuring & Separate listing of Road Assets
Restructuring & Separate listing of Road Assets Subsidiary • Transfer of investments in Sai Gayatri Maatarini Tollways Limited Gayatri Gayatri Infra from Gayatri Projects Limited Step 1 Projects SMTL Domicile to Gayatri Domicile Private Ventures Ltd Ltd Pvt. Ltd Limited at book value • Post transfer
Slide 17: Optimization of Power Genco Asset Holding Structure - Sembcorp Call Option
Optimization Of Power Genco Asset Holding Structure - Sembcorp Call Option GEVL was initially planning to increase stake in power generation subsidiaries (TPCIL, SGPL, 2640MW) to 30% each by raising capital through mezzanine funding. That plan has been aborted and a call option structure has been ne
Slide 18: Asset-holding Subsidiaries
Financial Highlights – Q1 FY17 Order Book Q1 FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 16 Copyright 2016 Gayatri Project Ltd
Slide 19: Development of Road Assets
Development of Road Assets Portfolio Summary • Gayatri Infra Ventures Ltd, a Concession subsidiary of Gayatri Projects GIVL Length Annuity Based Projects Status COD Period Stake (kms) Ltd dedicated towards (Years) development of road assets Gayatri Jhansi Roadways Limited PCC 51% Jun 2010 20 50.0 (G
Slide 20: Development of Power Assets
Development of Power Assets Portfolio Summary • Incorporated in 2008, Gayatri Energy Ventures Ltd is a Sembcorp Gayatri wholly owned subsidiary of Gayatri Projects TPCIL Power Project "(Formerly NCCPPL)" • Current Portfolio: Capacity 1,320 Mw (2x660 Mw) 1,320 Mw (2x660 Mw) o TPCIL & SGPL "(Formerly
Slide 21: Outlook
Financial Highlights – Q1 FY17 Order Book Q1 FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 19 Copyright 2016 Gayatri Project Ltd
Slide 22: Outlook
Outlook • Government’s efforts towards reviving investment climate by stepping up infrastructure spend is likely to ensure continued addition to our already CONSTRUCTION strong order book. We expect to maintain the new order accretion pace achieved during last financial year. • Growth in constructio
Slide 23: About Us
Financial Highlights – Q1 FY17 Order Book Q1 FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 21 Copyright 2016 Gayatri Project Ltd
Slide 24: About Us
About Us • Gayatri Projects Limited (Parent Company) core construction Company Company Structure • Dedicated subsidiaries to focus on Road and Power segment Gayatri Projects Ltd. Development of Road Assets: o GIVL, dedicated towards development of road assets Core Construction Development of Develop
Slide 25: Gayatri Projects – Construction arm
Gayatri Projects – Construction arm • Core Construction Company with a Pan India Presence • Rich DNA of almost 50 years’ experience in Project execution • Strong order book of Rs.12,269 cr as on July ’16 • Client list includes several leading names including NHAI, AAI, Nalco, Tata Steel, Reliance Pe
Slide 26: Financial Performance at a Glance
Financial Performance at a Glance… Figs. In crore Sales EBITDA 300 260 1,813 1,812 1,601 208 FY14 FY15 FY16 FY14 FY15 FY16 PAT 59 48 22 FY14 FY15 FY16 24 Copyright 2016 Gayatri Project Ltd
Slide 27: Annexure: Restructuring of Road Assets – Road Ahead
Financial Highlights – Q1 FY17 Order Book Q1 FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 25 Copyright 2016 Gayatri Project Ltd
Slide 28: Scheme Conditional On Approvals/ Sanctions
Scheme Conditional On Approvals/ Sanctions This Scheme is conditional upon and subject to: Requisite approvals, clearances or permissions that may be required to be obtained under applicable laws, or where applicable, the waiting periods or time periods for approval of the Reserve Bank of India, r
Slide 29: For further information please contact
For further information please contact: K.G. Naidu (Vice President-Finance) Gavin Desa / Suraj Digawalekar Gayatri Projects Limited CDR India Tel: +91 40 23310330/23314284/4296 Tel: +91 22 66451237 / 66451235 Email: kgnaidu@gayatri.co.in Fax: +91 22 66451213 Email: gavin@cdr-india.com / suraj@cdr-in
Slide 30: Company overview: construction, power generation and road assets
Share Price Rs.666 Market Cap Rs.2,381cr Overview Gayatri Projects Limited is a well-established EPC contractor with more than 50 years of experience in construction of Roads, Irrigation, Industrial & Power Transmission projects across India. It separately owns Power Generation Assets and BOT Road A