Slide 1: Submission of Investor/Analysts Presentation cover letter
CIN: L99999MH1949PLC007039 February 08, 2023 To, BSE Limited The National Stock Exchange of India Limited PhirozeJeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra - Kurla Complex, Mumbai - 400 001 Mumbai - 400 051 SCRIP CODE: 531120 SYMBOL: PATELENG Security: Equity Security: Equity Shares / D
Slide 2: Patel Engineering Limited Investor Presentation Q3 FY23
PATEL ENGINEERING LIMITED Investor Presentation | Q3 FY23
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides have been prepared by Patel Engineering Ltd. (the “Company”), and have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form
Slide 4: Result Highlights – Q3 FY23
Result Highlights – Q3 FY23 Investor Presentation | Q3 FY23
Slide 5: Standalone Profitability Highlights
Standalone Profitability Highlights In ₹Mn Standalone Narration Q3 FY23 Q3 FY22 Y-O-Y % 9M FY23 9MFY22 Y-O-Y % FY22 Revenue from Operations 9,293.89 7,734.16 20.17% 26,249.43 19,998.06 31.26% 30,298.46 Expenses (7,986.77) (6,418.68) (22,604.68) (16,860.28) (25,723.11) Operating EBITDA 1,307.12 1,315
Slide 6: Standalone Revenue From Operations
Standalone Revenue From Operations In ₹ Mn Quarterly Revenue 9 Months Ended Revenue Last 3 Financial Years 9,293.89 26,249.43 30,298.46 7,734.16 19,998.06 23,330.60 17,191.20 Q3 FY22 Q3 FY23 9M FY22 9M FY23 FY20 FY21 FY22 Q3FY23 grew 20.17% YoY 9MFY23 grew 31.26% YoY Q3 FY23 Revenue Breakup Q3 FY22
Slide 7: Strong Order Book
Strong Order Book In ₹ Mn Yearly Order Book Segment Wise Order Book 2.06% 1,68,094 Hydroelectric Segment No. of Projects Order Book Value 4.80% 1,50,110 Hydroelectric 16 1,44,660 12.56% Irrigation 1,11,733 1,31,840 Irrigation 9 23,725 Tunnel Tunnel 6 14.11% 21,114 1,02,150 66.47% Road 5 Road 8,067 O
Slide 8: New orders received In FY23
New orders received In FY23. In ₹ Mn Hydroelectric Project Tunnel Project Tunnel Project Hydroelectric Project Project Name: Kwar HEP. Project Name: PVPG Tunnel Project Name: Kohima Tunnel Project Name: Sindhuli HEP. Project. Project. Project Location: District Project Location: District Kishtwar, J
Slide 9: Diversely Spread Works De Risking Business
Diversly Spread Works De Risking Business In ₹ Mn Jammu and Kashmir Domestic Sr.No. State No. of Projects Project Value Himachal 1 Jammu and Kashmir 9 64,406 Pradesh 2 Himachal Pradesh 3 22,923 3 Madhya Pradesh 6 19,235 Arunachal Nepal Sikkim Pradesh 4 Maharashtra 8 12,819 5 Sikkim 1 12,409 Assam Ra
Slide 10: Strong Client Base – Some Major Clients
Strong Client Base – Some Major Clients Investor Presentation | Q3 FY23 9
Slide 11: Consolidated Profitability Highlights
Consolidated Profitability Highlights In ₹ Mn Consolidated Narration Q3 FY23 Q3 FY22 Y-O-Y % 9M FY23 9M FY22 Y-O-Y % FY22 Sales 10,369.77 8,779.43 18.11% 29,039.37 22,686.43 28.00% 33,803.04 Expenses (8,732.29) (7,315.54) (24,596.26) (18,957.14) (28,525.73) Operating EBITDA 1,637.48 1,463.89 11.86%
Slide 12: Consolidated Revenue From Operations
Consolidated Revenue From Operations In ₹ Mn Quarterly Revenue Half Yearly Revenue Last 3 Financial Years 33,803.0 10,369. 77 29,039. 37 26,172.1 22,686. 43 19,947.9 8,779.4 3 Q3 FY22 Q3 FY23 9M FY22 9M FY23 FY20 FY21 FY22 Q3FY23 grew 18.11% YoY 9M FY23 grew 28.00% YoY Investor Presentation | Q3 FY2
Slide 13: Company Overview
Company Overview Investor Presentation | Q3 FY23
Slide 14: About Patel Engineering Ltd.
About Patel Engineering Ltd. One of the most integrated infrastructure and construction services conglomerates in India Incorporated in 1949, Headquartered in Mumbai, a leading player in the civil engineering construction segment with more than seven decade track record of constructing dams, bridges
Slide 15: Key Facts and Figures
Key Facts and Figures 7+ decades 15 States 12,000+ Experience Current Domestic Presence MW Hydro Project 85+ 300+ Kms 5.5+ Lakhs Dams of Tunnels Acres Irrigated Q3 FY23 Cons. 1,200+ Kms ₹ 1,68,094Mn ₹ 10,370 Mn :Revenue Road Order book ₹ 1,637 Mn :Op. EBITDA ₹ 195 Mn :Net Profit Investor Presentatio
Slide 16: Vision and Mission
Vision and Mission Patel Engineering Ltd., is one of the major Infrastructure and Construction Company MISSION VISION To be the pioneers in the industry and a market-driven Deliver comprehensive and effective solutions to clients organization known for its commitment towards excellence, through our
Slide 17: Key Highlights Of Q3 FY23
Key Highlights Of Q3 FY23 Patel Engineering Ltd. was awarded Patel Engineering Ltd. Chairman Patel Engineering Ltd. bags new The Company continued its focus with the “Top Challenger 2022 and Managing Director was hydro power project order of Rs. on debt reduction and LIC NCD Company” at the 20th fea
Slide 18: Our Major Achievements
Our Major Achievements World record holder Only Indian Company to More than 4,000 m Largest underground Recipient of many for fastest have Commissioned 85 shaft boring power house cavern – national and conventional Dams completed Srisailam HE Project international awards tunneling World record holde
Slide 19: Stock Data
Stock Data NSE: PATELENG BSE: 531120 | ISIN: INE244B01030 Share Holding Pattern As on 07-02-2023 As on 31-12-2022 Share Price (₹) 14.80 Market Capitalization (₹ Mn) 11,449.5 No. of Shares Outstanding 51,57,44,819 Promoters Face Value (₹) 1.00 39.12% 44.00% FII 52 week High-Low (₹) 28.91 – 14.50 TTM
Slide 20: Proposed Right Issue & Growth Drivers
Proposed Right Issue & Growth Drivers Investor Presentation | Q3 FY23
Slide 21: Right Issue Update
Right Issue Update Right Issue Ratio Offer Price: 1:2 (One equity share for every ₹12.60 two equity shares held) Offer Size (Nos): Pre Issue Equity: 25,78,72,409 equity shares ₹ 515.74 Mn with face value of ₹ 1 each Offer Size (₹ Mn): Post Issue Equity: ₹ 3,249.19 Mn ₹ 773.62 Mn The funds raised via
Slide 22: Future Growth Drivers
Future Growth Drivers Increasing Order Inflows In ₹ Mn 36,089 Increasing Order Inflows shall help in 1 improving top line. 29,092 23,186 Scale Up of Operations – Employees and 2 Equipment’s FY21 FY22 9M FY23 GROWTH DRIVERS Scale Up of Operations Cost optimizations by Innovations & 3 Value Addition i
Slide 23: Industry & Hydropower Sector Overview
Industry & Hydropower Sector Overview Investor Presentation | Q3 FY23
Slide 24: Indian Power Industry Overview
Indian Power Industry Overview Power Industry Overview The Ministry of Power has made significant efforts over the past few years to turn the country from one with a power shortage to one with a surplus by establishing a single national grid, fortifying the distribution network, and achieving univer
Slide 25: Major investments and developments in the Indian power sector
Some major investments and developments in the Indian power sector are as follows: 1 2 3 4 In August 2022, NHPC In August 2022, NHPC In July 2022, NTPC signed In June 2022, SJVN Limited and the signed a MoU with the a MoU with MASEN announced a collaboration Government of Himachal Investment Board N
Slide 26: Hydropower Overview
Hydropower Overview Hydro Power – a keen efforts of government to boost energy generation Hydropower supplies at least 50% of electricity production in 66 countries and at least 90% in 24 countries. India has overtaken Japan, becoming the nation with the fifth-largest hydropower production capacity
Slide 27: Business Overview
Business Overview Investor Presentation | Q3 FY23
Slide 28: Major completed projects
Major completed projects Hydro Power/ Tunneling Irrigation Transportation Urban Infrastructure • Srisailam Left Bank Hydro Power • Koshallia Dam, Haryana • Hathipali - Hosur (NH-7), Tamil Nadu • Construction of various water tunneling Station (900 MW) projects, Maharashtra • Polavaram Project (Right
Slide 29: Major Project Under Execution
Major Project Under Execution PAN INDIA PRESENCE 43 Ongoing projects worth 1,68,094 Mn Hydro Power / Tunnelling Irrigation Transportation Urban Infrastructure • Subansiri HEP • Gond Irrigation Project • Shivane to Mhatre bridge • Amarmahal to Trombay Tunnel • IRCON T2 & T15 (Railway Tunnel) • Sleema
Slide 30: Technology oriented
Technology oriented Micro-tunneling Double Lake Tap Roller Compacted Concrete (RCC) • Micro-tunneling is the only non invasive solution for • A unique technology for connecting water to • We are the only Indian Company with experience in urban areas powerhouse, to augment capacity to existing power
Slide 31: Few Landmark Projects That Set Us Apart
Few Landmark Projects That Set Us Apart Ghatghar Dam – Maharashtra 84m high Koyna HE Project - Maharashtra (260MW) Rampur HE Project - Himachal Pradesh (432 Mw) 10th fastest completed dam in the world an India’s first RCC Dam First Lake Tapping in Asia. Asia's largest Surge Shaft with 38m dia. Srisa
Slide 32: Management Overview
Management Overview Investor Presentation | Q3 FY23
Slide 33: Promoter
Promoter Mr. Rupen Patel Chairman & Managing Director A third generation entrepreneur, Mr. Rupen Patel, holds an MBA from Babson College, USA. He began his career as an Advisor to the Board of Patel Engineering Limited in 1993. Appointed as Executive Director in 1996, he was elevated to the position
Slide 34: Professional & Experienced Board Of Directors
Professional & Experienced Board Of Directors Rupen Patel Kavita Shirvaikar Sunil D. Sapre Chairman & Managing Director Whole Time Director & CFO Whole Time Director K. Ramasubramanian Sunanda Rajendran Dr. Barendra Kumar Bhoi Independent Director Independent Director Independent Director Investor P
Slide 35: Detailed Financials – Last 5 Years
Detailed Financials – Last 5 Years Investor Presentation | Q3 FY23
Slide 36: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement In ₹ Mn Particulars FY18 FY19 FY20 FY21 FY22 Net Sales 20,389.0 20,698.9 23,330.6 17,191.2 30,298.5 Other Income 3,813.5 2,862.1 3,495.1 1,433.1 1,349.3 Total Income 24,202.5 23,561.0 26,825.7 18,624.3 31,647.8 Expenses Costs of Material Consumed 2,071.9 2,163.0 4,
Slide 37: Standalone Balance Sheet
Standalone Balance Sheet In ₹ Mn Equities & Liabilities FY18 FY19 FY20 FY21 FY22 Assets FY18 FY19 FY20 FY21 FY22 Equity 156.9 164.2 408.2 465.5 479.2 Non Current Assets Fixed assets 2,502.5 2,728.9 3,118.7 3,655.6 10,753.9 Reserves 22,104.4 22,874.6 25,292.7 24,458.0 23,046.1 Non-current investments
Slide 38: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement In ₹ Mn Particulars FY18 FY19 FY20 FY21 FY22 Net Sales 22,745.5 23,622.1 26,172.1 19,947.9 33,803.0 Other Income 2,426.0 1,751.0 2,057.3 1,091.4 1,162.1 Total Income 25,171.5 25,373.1 28,229.4 21,039.3 34,965.1 Expenses Cost of Materials Consumed 2,554.9 2,560.4
Slide 39: Consolidated Balance Sheet
Consolidated Balance Sheet In ₹ Mn Equities & Liabilities FY18 FY19 FY20 FY21 FY22 Assets FY18 FY19 FY20 FY21 FY22 Equity 157.0 164.2 408.2 465.5 479.2 Reserves 21,441.1 22,602.9 25,061.8 22,730.2 23,357.8 Non Current Assets Net Worth 21,598.0 22,767.1 25,470.0 23,195.7 23,837.0 Fixed assets 13,484.
Slide 40: FY22 Key Standalone Ratios
FY22 Key Standalone Ratios In Times In Times Asset Turnover Ratio Debt - Equity 0.46 2.80 0.40 0.33 2.05 0.28 0.22 1.08 0.96 0.78 0.85 0.74 FY18 FY19 FY20 FY21 FY22 FY16 FY17 FY18 FY19 FY20 FY21 FY22 In Times In Times EV/EBITDA Mcap - Sales 7.62 0.39 6.52 0.34 4.92 0.26 4.48 0.21 3.86 0.15 FY18 FY19
Slide 41: Thank You
Patel Engineering Limited Thank Contact: Rahul Agarwal Phone: +91 22 2676 7500 Website: www.pateleng.com You E-mail: investors@pateleng.com Kirin Advisors Private Limited Contact: Vastupal Shah Phone: +91 22 4100 2455 Website: www.kirinadvisors.com E-mail: vastupal@kirinadvisors.com