Slide 1: PSP Projects Limited Investor Presentation – Q3FY19
PSP Projects Limited Investor Presentation – Q3FY19 February 2019
Slide 2: Hurun Report India award to MD & CEO
HURUN REPORT INDIA OUR MANAGING DIRECTOR & CEO, MR. P.S.PATEL IS AWARDED WITH THE 2018 “MOST RESPECTED ENTREPRENEUR AWARD - CONSTRUCTION” BY HURUN REPORT INDIA ON 13TH DECEMBER 2018 AT MUMBAI 13th Dec 2018, Four Seasons, Mumbai
Slide 3: Financial Snapshot
FINANCIAL SNAPSHOT Result summary Q3 FY19 (Rs. Cr.) Revenue from operations EBITDA PAT 139.55 261.09 18.63 36.69 12.67 21.48 26.55 15.14 170.8 77.64 11.25 6.43 53% 38% 42% Q3 FY18 Q3 FY19 Q3 FY18 Q3 FY19 Q3 FY18 Q3 FY19 Result summary 9M FY19 (Rs. Cr.) Revenue from operations EBITDA PAT 295.35 38.54
Slide 4: Right Company, Right Place, Right Time
RIGHT COMPANY, RIGHT PLACE, RIGHT TIME. Multidisciplinary Design to Experience across Multiple and construction construction to allied industrial, concurrent project company offering a works to interior fit institutional, management diversified range of outs government, capability construction and g
Slide 5: PSP Projects
PSP PROJECTS 10 114 Years in Projects existence delivered 40 2,701 Projects under (Rs/cr) Order book as execution (as on 31st on 31st December December 2018) 2018
Slide 6: Capabilities
CAPABILITIES People ramp-up Plants, machinery IT investments Capability 15 in 2008 to more and vehicles Implemented SAP and Multiple project than 1000 direct plus Invested Rs 132 cr in CANDY; enhanced location management 8000+ contract assets for timely informed decision- employees project delivery
Slide 7: Marquee Project
Marquee Project Executing single-largest contract of Rs 1575# cr of Surat Diamond Bourse #Excluding GST Project tenure: 30 months
Slide 8: Surat Diamond – WIP (Actual Site Images)
SURAT DIAMOND – WIP (ACTUAL SITE IMAGES) To do
Slide 9: Surat Diamond – WIP (Actual Site Images)
SURAT DIAMOND – WIP (ACTUAL SITE IMAGES)
Slide 10: Work on Hand (Major Projects)
WORK ON HAND (MAJOR PROJECTS) (Rs. Lakhs) Outstanding Order Project Client Project Value Book Surat Diamond Bourse Main Contract Works SDB Diamond Bourse 157,500 128,386 Construction of Medical College and Hospital at Ramanbhai Foundation 22,500 21,291 Dahod, Gujarat (Zydus Cadila Group) Pandharpur
Slide 11: Preferred Choice
PREFERRED CHOICE Frugal cost Active promoter Track record of structure; involvement; timely projects enhanced enhanced client completion with competitiveness assurance committed quality Large and multiple Select choice of AVERAGE project margin-enhancing TICKET SIZE OF management projects PROJECTS c
Slide 12: Strengths
STRENGTHS Execution record: Robust orders: Experience: Financial Diverse projects Order book of Promoter strength: mix; completed Rs 2701 cr as on (Prahaladbhai A strong balance projects across 31st Dec 2018 (to Shivrambhai Patel) sheet helps in segments. be addressed with 30+ years of successful pr
Slide 13: Pillars of Success
Quality Build to last 1 Operating manuals are strictly followed Strict guidelines for materials used for construction Plant and machinery Owns state-of-the-art machinery 2 Captive equipment bank Imported machinery for external plaster, painting and formwork material among others PILLARS
Slide 14: Widening Horizons
WIDENING HORIZONS “ “ Focus on buildings Steady investment Strong qualification construction in people, capabilities to (commercial, equipment, participate in high- Building is residential, technology and value projects industrial and systems, (worth Rs 400-500 institutional) strengthening crore) ac
Slide 15: Widening Horizons Contd… Work on Hand Rs. 2701 Cr
WIDENING HORIZONS Contd… - STANDALONE WORK ON HAND RS. 2701 CR. 0.76% 6.41% 6.53% 2.48% 7.17% 2.56% 6.76% 78.90% 88.43% Government Govt Residential Industrial Institutional Residential Gujarat Rajasthan Karnataka Maharastra
Slide 16: Widening Horizons Contd… Work on Hand Excluding Surat Diamond Bourse
WIDENING HORIZONS Contd… STANDALONE WORK ON HAND RS. 1417 CR. (EXCLUDING SURAT DIAMOND BOURSE PROJECT) 1.45% 12.22% 12.45% 4.73% 13.66% 4.88% 59.79% 12.88% 77.94% Government Govt Residential Industrial Institutional Residential Gujarat Rajasthan Karnataka Maharastra
Slide 17: Revenue Break-up for Q3FY19
WIDENING HORIZONS Contd… – REVENUE BREAK-UP FOR THE Q3FY19 – RS. 261.09 CR 2.52% 6.37% 9.25% 1.92% 6.70% 15.79% 70.52% 86.93% Government Govt Residential Industrial Institutional Residential Gujarat Rajasthan Karnataka
Slide 18: Expanding Horizon: One-Stop Buildings Construction Shop
EXPANDING HORIZON: ONE-STOP BUILDINGS CONSTRUCTION SHOP Extended to Mechanical, Now providing Complementary Commenced as Engineering and complete solution alliances with Civil construction Plumbing (MEP), – Design to major design firms contractor Interior & now construction – and MEP O&M Services on
Slide 19: Prominent Projects Completed in FY19
PROMINENT PROJECTS COMPLETED IN FY19 Brigade International Financial Renovation of Gujarat Sabarmati Riverfront Centre at GIFT City, Vidhansabha, Gandhinagar Development Co. Ltd. (SRFDCL) Gandhinagar Office Building, Ahmedabad
Slide 20: Prominent Projects
PROMINENT PROJECTS Swarnim Sankul 1 & 2 Sabarmati River Front development Hospital, Residential Building and Medical Construction and interior work College for GCS Medical College, Hospital and Research Centre Zydus Hospitals Kaira District Co-operative Milk Producers’ Gujarat Housing Board,Naranpur
Slide 21: Pride-Enhancing Clientele
PRIDE-ENHANCING CLIENTELE Sabarmati Riverfront Development Corporation Limited, Cadila Healthcare Limited, Care Institute of Medical Sciences Limited (CIMS), Claris Injectables Limited, Emcure Pharmaceuticals Limited, Gelco Electronics Private Limited, GCS Medical College, Hospital and
Slide 22: Business Robustness in Numbers
BUSINESS ROBUSTNESS IN NUMBERS Revenue (Rs crore) EBIDTA (Rs crore) PAT (Rs crore) #CAGR% 36.61% #CAGR% 57.79% #CAGR% 59.83% 64.34 101.39 748.20 60.17 99.07 722.10 41.31 65.84 468.24 413.96 25.13 286.89 39.27 214.80 13.86 21.74 16.36 9.86 2019* 2019* 2019* 2014 2015 2016 2017 2018 2014 2015 2016 201
Slide 23: Business Robustness in Numbers (Standalone)
BUSINESS ROBUSTNESS IN NUMBERS (STANDALONE) EBIDTA margin% PAT margin% 16.45% 10.00% 14.04% 13.89% 8.60% 8.33% 5.37% 8.57% 4.83% 7.75% 2019* 2019* 2015 2016 2017 2018 2015 2016 2017 2018 (*till 31st Dec 2018) (*till 31st Dec 2018)
Slide 24: Performance Highlights (Standalone)
PERFORMANCE HIGHLIGHTS (STANDALONE) No. of projects awarded Order book Employee strength (Rs. in crores) 1043 2701 27 2559 23 22 767 14 14 489 484 729.17 292 487.67 338.08 2019* 2019* 2019* 2015 2016 2017 2018 2015 2016 2017 2018 2015 2016 2017 2018 (*till 31st Dec 2018) (*till 31st Dec 2018) (*till
Slide 25: Sequential Quarterly Performance
SEQUENTIAL QUARTERLY PERFORMANCE Q3FY19 Standalone unaudited Profit & Loss Statement (Ind AS) (Rs. In Lakhs) Particulars Q3 FY19 Q2 FY19 Q3 FY18 Q-o-Q Y-o-Y 9MFY19 9MFY18 Y-o-Y Revenue from Operations 26,108.91 20,994.88 17,079.98 24% 53% 70,575.69 46,615.34 51% Cost of materials consumed including
Slide 26: Experienced Management
EXPERIENCED MANAGEMENT Bachelor’s degree in civil engineering 30+ years of construction experience Featured in book ‘Business Game Changer: Shoonya se Shikhar’ by Prakash Biyani and Kamlesh Maheshwari, Received ‘The Dena Bank Hercules Prahaladbhai Award’ by Gujarat Innovation Society for innovation
Slide 27: Experienced Management contd…
EXPERIENCED MANAGEMENT contd… Mahesh Patel Maulik Patel Hetal Patel R.B.Parmar Pratik Thakkar Vice President – Director – Procurement Chief Financial Officer General Manger – Tender General Manager – Operations Business Development Mahesh Patel is the Vice Maulik Patel is the Hetal Patel is the Chie
Slide 28: Inflection Points in Our Journey
INFLECTION POINTS IN OUR JOURNEY 2008 2009 2009 2010 2011 2011 2012 2014 2014 Aug Apr Dec Jul Jan Dec Apr Apr Apr Incorporation Acquired the Opportunity to Commenced Awarded order to Awarded. Narendra SAP Started Design and Managing Director business of BPC construct Medical working on construct 72
Slide 29: Project Classification: Industrial and Institutional
PROJECT CLASSIFICATION 1 Industrial projects PROJECT CLASSIFICATION 2 Construction of industrial buildings for pharmaceutical plants, food processing units, engineering units as well as manufacturing Institutional Projects and processing facilities. Construction of buildings for hospitals and
Slide 30: Project Classification: Government Projects
PROJECT CLASSIFICATION 3 Government projects PROJECT Focus only on challenging and prestigious CLASSIFICATION 4 government projects Executed marquee projects (Swarnim Sankul Government residential projects 01 and 02 at Gandhinagar, Sabarmati Riverfront Development project works in Execution of
Slide 31: Project Classification: Residential Projects
PROJECT CLASSIFICATION 5 Residential projects Construction of buildings for group housing and townships Construction of independent residences for select private customers. 9 Number of residential projects executed
Slide 32: Certifications
CERTIFICATIONS ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 Approved Contractor as ‘AA’ class and “Special Category–1 in Buildings Class” with Government of Gujarat Registered as ‘A’ class approved electrical contractor in Roads and Buildings Department, Government of Gujarat
Slide 33: Presence in the Emerging Sectors Like Smart Cities
PRESENCE IN THE EMERGING SECTORS LIKE SMART CITIES Awarded 7 out of 9 Complying with all projects in India’s the norms required first Smart City – for building Gift City in construction on Gandhinagar smart cities like green building norms among others 100 Constructing Asia’s biggest office building
Slide 34: India. Leaping Giant.
INDIA. LEAPING GIANT. Sixth largest global Forex reserves US$400 Per capita income Rs Exports grew 11.52% ($ economy (nominal GDP bn (September 8, 2017) 103,219 (grew 9.7% over terms) in April-Sept 2017 US$2.454 tn, 2017) 2015-16) (over previous corresponding period) 66% of population in US$498 bn 3
Slide 35: India: Rapidly Increasing Construction Needs
INDIA: RAPIDLY INCREASING CONSTRUCTION NEEDS Growing Indian youth population (465 mn estimated, 2021) Growing middle-class population (300-350 mn estimated) 20 mn unit urban housing shortage* Focus on affordable housing by the Indian government - focus on ‘Housing for All’ Make in India (dri
Slide 36: India: Rapidly Increasing Construction Needs
INDIA: RAPIDLY INCREASING CONSTRUCTION NEEDS Significant healthcare segment investments - 3 million beds needed to achieve 3 beds / 1,000 people target by 2025 Commercial real estate supply in top Indian cities is expected to be at 40-50 mn sq. ft per year until 2020 Government announced eight
Slide 37: Opportunities
OPPORTUNITIES Simplified tax Single window structure like clearance for GST projects Construction Better FDI Make in India industry annual growth rate norms initiative attracting investments in manufacturing 3.95% 2012-16 4.16% 2017-2021
Slide 38: We End with a Big Picture Once Again…
WE END WITH A BIG PICTURE ONCE AGAIN… Independent India took just India likely to India took 60 seven emerge as a years to become subsequent US$7 tn a USD1 tn years for the next economy by economy trillion 2030 Growing India Companies that Companies like will need focused can building PSP Projects c
Slide 39: Safe Harbor Statement
SAFE HARBOR STATEMENT Statements in this ‘Presentation’ describing the Company’s objectives, estimates, expectations or predictions may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or imp
Slide 40: PSP Projects Ltd.
PSP Projects Ltd. ‘‘PSP House”, Opp. Celesta Courtyard, Opp. Lane of Vikramnagar Colony, Iscon-Ambli Road, Ahmedabad - 380058 P - +91 79 2693 6200/6300/6400 E – hetal@pspprojects.com I W – www.pspprojects.com