G R Infraprojects Ltd. · NSE:GRINFRA
G R Infraprojects — Q2 FY2023-24 Earnings Presentation
36 slides from G R Infraprojects's earnings presentation, Nov 9, 2023
Slide 1: Exchange filing cover letter
09th November 2023 To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C-1 Dalal Street, Fort G Block, Bandra-Kurla Complex, Bandra(E) Mumbai – 400001 Mumbai -400051 Scrip Code: 543317 Symbol: GRINFRA Sub: Investor Presentation on the financial
Slide 2: G R Infraprojects Limited Company Presentation Q2 FY 2023-24
G R Infraprojects Limited Getting People Places, Faster Company Presentation Quarter 2 – Financial Year 2023-24 KAKA
Slide 3: Context
Context Disclaimer 1 Page 3 2 Quarterly Highlights Page 5 3 What we do and key milestones Page 18 4 Overview – Historical data (Financial & Operational) Page 26 5 Awards Page 33 2
Slide 4: Disclaimer
Disclaimer This presentation is issued by G R Infraprojects Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any particular person. This presentation does not constitute or form part of any offer or i
Slide 5: Disclaimer
Disclaimer The information contained in these materials has not been independently verified. None of the Company, its subsidiaries, its joint ventures, its directors or affiliates or associates, as applicable, nor any of its or their respective employees, advisers or representatives or any other per
Slide 6: Quarterly Highlights
Quarterly Highlights 5
Slide 7: QoQ and YoY Highlights Q2-FY24
Q2-FY24 Total Income (Rs in Mn) EBITDA Margin (%) & EBITDA (Rs in Mn) PAT Margin (%) & PAT (Rs in Mn) 14.62% 12.31% 9.66% 7.83% QoQ Highlights (26%) (38 %) (41%) 22,035 3,147 16,352 2,080 1,937 1,233 Q1 2024 Q2 2024 Q1 2024 Q2 2024 Q1 2024 Q2 2024 Total Income (Rs in Mn) EBITDA Margin (%) & EBITDA (
Slide 8: Net Working Capital Days and Debt to Equity Ratio
Q2-FY24 Net Working Capital Days Debt to Equity Ratio & Net Debt to Equity Ratio (including Mob. Advances) 1.20 1.11 1.14 1.06 June 2023: 92 Days September 2023: 92 Days 0.99 0.96 0.96 1.00 0.95 0.94 0.80 0.91 0.91 0.89 0.83 0.81 0.82 0.80 0.83 66 63 0.60 0.40 0.31 0.27 0.28 0.26 0.24 0.23 0.21 0.21
Slide 9: Standalone Profit and Loss Statement
Standalone Profit and Loss Statement (Rs in Millions) A B C D E F Particulars Q2 Q1 Q2 H1 H1 YE Mar 23 FY 23-24 FY 23-24 FY 22-23 FY 23-24 FY 22-23 Income Revenue from operations 15,737.86 21,524.11 17,771.74 37,261.97 42,538.58 81,475.88 Other income 614.01 511.13 519.02 1,125.14 838.52 1,809.01 To
Slide 10: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement (Rs in Millions) A B C D E F Particulars Q2 Q1 Q2 H1 H1 YE Mar 23 FY 23-24 FY 23-24 FY 22-23 FY 23-24 FY 22-23 Income Revenue from operations 18,827.81 24,782.32 21,363.60 43,610.13 48,285.13 94,815.15 Other income 264.08 212.97 252.89 477.05 390.46 872.95 Tota
Slide 11: Debt Breakup as on September 30, 2023
Debt Breakup (Fund Based) as on September 30, 2023 Particulars Rs. In Million STANDALONE DEBT Debentures 6,936.19 Standalone Debt 25% Term Loan 1,214.76 DEBENTURES Working Capital 423.70 TERM LOAN Mobilization Advance 2,842.73 4% WORKING CAPITAL Total Debt 11,417.38 61% MOBILISATION ADVANCE 10% #Cas
Slide 12: Robust Order Book
Robust Order Book Order book as on 30th September 2023 is Rs 2,00,427 Million Project Mix Client Wise Distribution State Wise Distribution 10% 2% 7% 4% 13% 6% 0% 5% 4% Andhra Pradesh Arunachal Pradesh 0% 8% 8% Bihar 8% Chattisgarh MMLP NHAI 4% Gujarat Karnataka Road OTHERS Madhya Pradesh Transmissio
Slide 13: Projects Portfolio
Projects Portfolio 12
Slide 14: Other Developments: Projects Status (1/3)
Other Developments Projects Status (1/3) Name of Project State Sector Bid Project Status Cost/Project Cost (Rs. In Million) Four laning from Km 74.700 to Km Uttar Pradesh Road 7,371.70 Letter of Award ✓ 112.950 of NH‐731A (i/c Yamuna Bridge) (HAM) Concession Agreement ✓ Financial Closure Appointed D
Slide 15: Other Developments: Projects Status (2/3)
Other Developments Projects Status (2/3) Name of Project State Sector Bid Project Cost Status (Rs. In Million) Development, Operation and Maintenance of Multi Madhya Pradesh MMLP 7,581.00 Letter of Award ✓ Modal Logistics Park, Indore near Pithampur (DBFOT) Concession Agreement ✓ Financial Closure A
Slide 16: Other Developments: Projects Status (3/3)
Other Developments Projects Status (3/3) Name of Project State Sector Bid Project Cost Status (Rs. In Million) Construction of 4/6 Lane Bypass for Belagavi City Karnataka Road 8,973.70 Letter of Award ✓ from Km 11.773 (Km. 11 Goa side of NH‐4A) to Km 46.253 (Km. 516 Pune side of NH‐4) (Design Conces
Slide 17: Portfolio of Road / Transmission Projects (Operational)
Portfolio of Road / Transmission Projects (Operational) Reengus-Sikar (BoT) Nagaur-Mukundgarh (HAM) Phagwara-Rupnagar (HAM) Porbandar-Dwarka (HAM) Handia-Varanasi (HAM) Akkalkot-Solapur (HAM) Sangli-Solapur (HAM) Gundugolanu-Devarapalli (HAM) Dwarka-Devariya (HAM) Aligarh-Kanpur (HAM) 16
Slide 18: Portfolio of Road / Transmission Projects (Under Construction)
Portfolio of Road / Transmission Projects (Under Construction) Ena-Kim (HAM) Ludhiana-Rupnagar (HAM) Ujjain-Badnawar (HAM) Shirsad-Masvan (HAM) Anjar Bhuj (HAM) Bilaspur-Urga (HAM) Madanapalli-Pileru (HAM) Galgalia-Bahadurganj (HAM) Bandikui-Jaipur Corridor (HAM) Bahadurganj-Araria (HAM) Govindpur-R
Slide 19: What we do & Key Milestones
What we do & Key Milestones 18
Slide 20: GRIL – Our Business
GRIL – Our Business TRANSMISSION EMULSION/ PMB HIGHWAYS RAILWAYS & METRO ROAD SIGNAGES AND MARKING PAINT METAL CRASH BARRIER BRIDGES TUNNEL WORK 19
Slide 21: Key Milestones
Key Milestones 2021- • Achieved PCOD for first NHAI HAM 2022 project, Phagwara – Rupnagar • First HAM project awarded with Bid Project Cost of ₹ • Successful listing of the Company on 13,670.0 Mn 2016- BSE and NSE on July 19, 2021 2019 • Divestment of equity stake in - Jodhpur Pali • Entry into Tran
Slide 22: Overview – GRIL Snapshot
Overview – GRIL Snapshot An Integrated EPC Company, with proven track record of timely project execution over last 25 years. Presence in 23 States 4 Manufacturing Units 8000+ plant & equipment ~16,000 employees CARE Rating: AA+ (Stable) CRISIL Rating: AA (Stable) upgraded from AA (Stable) 21
Slide 23: Our Clients
(Cindi) ty Our Clients re4 4 ——_/ | 5 an UP Expressway Industrial Minty er ichweve Pot BUILDING INFRASTRUCTURE - BUILDING THE NATION Devslopment authority eS Public Works Department wera wa Government of Rajasthan ma. der Proms Prom PiPes Saige SF nit pec Rail Vikas Nigam Limited 4 Vd. pices! doriel
Slide 24: Committed to growth, with purpose
Committed to growth, with purpose FOCUSED MARKET Construction STRATEGIES Environment We understand the nations need, We show our care for the design it through perfection and environment through CSR EXPAND THE PORTFOLIO build it to dreams initiatives FOCUSED EPC PLAYER GROWING TOGETHER WITH OUR NATI
Slide 25: Strong Board with diverse experience
Strong Board with diverse experience Vinod Kumar Agarwal : Chairman and Wholetime Director He has over 27 years of experience in the road construction industry. He has been a Director on our Board since incorporation of our Company and has been instrumental in the growth of our Company. He looks aft
Slide 26: Strong Board with diverse experience
Strong Board with diverse experience Rajendra Kumar Jain : Non- Executive Independent Director He holds a bachelor’s degree in commerce from Rajasthan University and a master’s degree in commerce (specialising in business administration) from Maharshi Dayanand Saraswati University, Ajmer. He is also
Slide 27: Historical Data (Financial & Operational)
Historical Data (Financial & Operational) 26
Slide 28: Historical Financial Data
Historical Financial Data Revenue From Operations (Rs in Mn) EBITDA* (%) / EBIDTA (Rs in Mn) 21.42% 21.81% 19.82% 19.50% 81,476 17.56% 79,192 CAGR: 72,445 CAGR: 17.94% 21.26% 18.99% 60,278 14,135 14,940 14,379 13,350 49,502 10,748 31,081 6,263 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2018
Slide 29: Historical Financial Data
Historical Financial Data PAT (Rs in Mn) / PAT Margin (%) Net Cash Flow (Used In)/ from operating Activities (Rs in Mn) 12.84% 8,312 12.03% 11.43% 10.78% 7,644 9.61% 10.45% 6,516 CAGR: 16.36% 8,518 5,606 7,806 7,608 4,199 6,888 5,957 3,992 (41) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2018
Slide 30: Historical Financial Data
Historical Financial Data Fixed Assets Turnover Ratio Net Debt/ Equity & Net Debt /EBITDA 6.54 6.27 0.88 0.82 6.26 6.35 5.73 0.83 5.80 0.70 0.65 0.42 0.42 0.36 0.33 0.23 0.20 0.19 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Net Debt/Equity Net Debt
Slide 31: Historical Operational Data
Historical Operational Data Employee Count Order Book* (Rs.in Mn) 1,95,294 17,721 16,333 1,70,526 16,157 1,48,799 12,956 1,31,039 1,18,648 1,17,143 11,149 7,321 FY18 FY19 FY20 FY21 FY22 FY 2023 FY18 FY19 FY20 FY21 FY22 FY 23 Employee Count Order Book 30 *excluding GST
Slide 32: Strong focus on Quality Execution
Strong focus on Quality Execution Design and engineering (Centralized): Continuous improvements are made on the designs in coordination with the Project Management Team (PMT) Manufacturing (In-house across the country): Supply is synchronized with site progress and product specifications are finaliz
Slide 33: Leveraging operating efficiencies from vertical integration
Leveraging operating efficiencies from vertical integration THREE KEY STEPS IN VALUE CHAIN PMB, Emulsion facility & Enables efficient Road Signages, Udaipur. In-House Design & Capacity: 30,000MT designs & quick Engineering Team Emulsion Facility, Sandila changes Capacity:24,960 MT Integrated Owned c
Slide 34: Awards and Accolades
Awards and Accolades 33
Slide 35: Notable Awards
Notable Awards Emerging Best Best Best Places to Outstanding Companies Professionally Construction Work in Contribution in Roads Excellence Managed Company Projects Construction and Highways Award Industry Porbandar-Dwarka Construction Construction Section NH-8E Business Today in Industry Industry A
Slide 36: Thank You
G R Infraprojects Limited Company Presentation Getting People Places, Faster Thank You Anand Rathi, CFO G R Infraprojects Limited Second Floor, Novus Tower, Plot No.18, Sector-18, Gurugram, Haryana-122015, +91 124 643 5000
G R Infraprojects — Q2 FY2023-24 Earnings Presentation on 6ix