Capacit'e Infraprojects Ltd. · NSE:CAPACITE
Capacit'e Infraprojects — Q3 FY18 Earnings Presentation
46 slides from Capacit'e Infraprojects's earnings presentation, February 2018
Slide 1: Investor Presentation February 2018
Investor Presentation February 2018 1
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Capacit'e Infraprojects Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 3: 9M FY18 Standalone Financial Highlights
9M FY18 Standalone Financial Highlights
Slide 4: Key Highlights 9M FY18
Key Highlights 9M FY18 Total Income EBITDA PAT Cash PAT ₹ 970 Cr ₹ 156 ₹ 56 Cr ₹ 99 Cr Cr Growth Growth Growth Growth Growth of of xx% xx% Growth Growth of xx% of of of 16.4% 12.2% 33.0% 12.1% Orderbook: NWC Days ₹ 5,240 Cr as on December 31, 2017 81 days 4
Slide 5: Q3 & 9M FY18 Standalone Profit & Loss (as per IndAS)
Q3 & 9M FY18 Standalone Profit & Loss (as per IndAS) Particulars (₹ In Crs) Q3 FY18 Q3 FY17 Y-o-Y 9M FY18 9M FY17 Y-o-Y Revenue from Operations 366 316 15.8% 955 822 16.2% Other Income 8 4 16 12 Total Income 375 320 17.0% 970 833 16.4% Cost of Material Consumed 274 236 694 594 (Incl. Construction Ex
Slide 6: September 2017 Standalone Balance Sheet as per IndAS
September 2017 Standalone Balance Sheet as per IndAS ASSETS (₹ In Crs) Sep-17 Mar-17 EQUITY AND LIABILITIES (₹ In Crs) Sep-17 Mar-17 NON-CURRENT ASSETS 440 374 704 299 EQUITY Property, plant & equipment 340 316 Equity Share capital 68 44 Capital work-in-progress 11 7 Intangible assets 2 2 Other equi
Slide 7: Our Order Book Status
Our Order Book Status Key Order Wins in Q3 FY18 (₹ In Crs) Order Book Built-up 5,240 ➢ Arihant Abode Limited: Arihant Aspire in 4,289 Panvel, Maharashtra. Value of the order is ₹ 825 Crs. 2,805 2,266 1,693 ➢ Added 2 orders in Q4 FY18 worth ₹ 247 Crs. These are orders from existing marquee 331 client
Slide 8: Current Order book at ₹ 5,240 cr
Current Order book at ₹ 5,240 cr 55 Ongoing Sites Geographical Split 55 North Zone South Zone 4.2% 23 17.3% 16 6 10 Villaments Super Gated High Rise Total 78.5% & Other Hise Rise Com Buildings West Zone Segment wise Split Category wise Split Villaments & Other Buildings Commercial & Institutional 0.
Slide 9: Our Story
CAPACIT'E (} { J V \ y EZ YZ (7 Nive Wt Our Story —
Slide 10: Transforming Vision into Reality
Transforming Vision into Reality Ownership of Strong Assets & a Strong Marquee Clients Management Team of highly Balance Sheet & Growing Team skilled Orderbook workforce 10
Slide 11: Our DNA
Our DNA Focus on Construction Technologies… Our Business model and capabilities is built around leveraging our understanding of varied types of Construction Technologies and managing construction complexities …for speedier execution Ownership of Modern System Formwork & Core Assets along with access
Slide 12: We are a 'Technology Focused' Construction Company
We are a ‘Technology Focused’ Construction Company Clients Access to Technology Cities Results Kalpataru Automatic Aluminum Modular Deck MMR Speedy Oberoi Realty Climbing System Panel System Bengaluru Execution Godrej Systems Formwork Formwork NCR + Brookfields Pune Growing Lodha Chennai Orderbook T
Slide 13: Technology is key to our success…
Technology is key to our success… Automatic Climbing Aluminum System Formwork 01 Systems (Building Core) (Monolithic Casting) 02 04 Tunnel Formwork Modular Deck Panel 03 (Monolithic Casting) System Formwork (Flat Slab) 05 Table Formwork (Flat Slab) 06 Modular Panel System Formwork (Column, Shear Wal
Slide 14: Track Record…
Track Record… New Clients + Repeat Wins from existing Clients ➢ …strengthens Customers confidence ➢ …enhances project execution in our Capabilities & Delivery capabilities building a high degree of specialization ➢ …build pre-qualification levels ➢ …leads to consistent growth in Orderbook allowing u
Slide 15: Focus : BUILDING…to remain ahead
Focus : BUILDING…to remain ahead Design & Built Lock & Key Lock & Key Shell & Core Shell & Core Shell & Core 2013 2014 2016 …and create an unmatched Competitive Edge 15
Slide 16: Quality in Everything we do
Quality in Everything we do Integrated Management System Quality Management System ISO 9001:2008 Environmental Management System ISO 14001:2004 Occupational Health and Safety Management System OHSAS 18001:2007 16
Slide 17: Resources give us a Advantage in our Performance
Resources give us a Advantage in our Performance Temperature controlled concrete for mass pours, self compacting free flow concrete for heavily reinforced pours and special concrete for vertical pumping in Super High Rise Buildings Modern Technology We own 65 tower cranes, 5 Boom Placer, 4 Batching
Slide 18: Sustainable Future
Sustainable Future Matured High Quality Geographies Team Asset Turnover Balance Sheet Focus Focus on improving Manageable Debt/Equity Focus on Matured High quality team of Asset Turnovers by levels which stems from Geographies will engineers and efficient deployment our ethos of building ensure effi
Slide 19: Our Strengths…
Our Strengths… Exclusive focus on Ownership of Modern Access to skilled Construction of Building in System Formwork & workforce major cities Other Core Assets Large Order book with Marquee client base and repeat orders Experienced Management Team Strong Financial performance …leading to outperforman
Slide 20: Poised to Capitalize on Growing Market Opportunities
Poised to Capitalize on Growing Market Opportunities 01 02 03 Focus on Building Expand in Affordable Grow Order book on Construction Housing Segment Lock-and-key basis Focus on Maximizing Utilization of Benefit from ‘Housing for All by 2022’ Build Orderbook of Lock-and-key Projects Technologies; to
Slide 21: Experienced Promoter Group
Experienced Promoter Group Mr. Rahul R. Katyal Mr. Subir Malhotra Mr. Rohit R. Katyal Managing Director Executive Director Executive Director & CFO ➢ Has a vast experience ➢ Has a vast experience of ➢ Has a vast experience of of ~23 years ~25 years ~28 years ➢ Currently looks after ➢ Currently focus
Slide 22: Board of Directors
Board of Directors Mr. Deepak Mitra Mr. V. M. Kannimbele Chairman & Independent Director Independent Director ➢ Has ~56 years of exp. ➢ Has ~59 years of exp. ➢ Previously, he was Director of Petron Civil ➢ Previously Director of Petron Civil Engineering Private Ltd. for over 26 years Engineering Pri
Slide 23: Professional Team
Professional Team Mr. Saroj Kumar Pati Mr. Gopal Krishna Parmeswar Chief Executive Officer Chief Operating Officer (South Zone) ➢ Has ~32 years of exp. ➢ Has ~27 years of exp. ➢ Previously, he was associated with Confident ➢ Previously, he was associated with JMC Group Projects (India) Ltd ➢ Current
Slide 24: Our Creations
ED? APACIT' C Our Creations
Slide 25: Mumbai Metropolitan Region (MMR)
Mumbai Metropolitan Region (MMR) Oberoi Enigma, Mulund Hiranandani The Walk, Thane Lodha Splendora, Thane Godrej Central, Chembur Trump Tower, Worli 25
Slide 26: Bengaluru
Bengaluru Provident Housing Patel Townsville Century Breeze Purva Coronation Square Ozone Hyatt 26
Slide 27: National Capital Region (NCR)
National Capital Region (NCR) Bharti Worldmark, Gurgaon Godrej Summit, Gurgaon, NCR Emaar Imperial Garden, NCR Paras Buildtech, Gurgaon 27
Slide 28: Other Large Projects
Other Large Projects Sir Gangaram Hospital, Multi level Car Parking, Delhi Saifee Burhani Upliftment Project, Mumbai 28
Slide 29: Projects Delivered
Projects Delivered ➢ W-54, a Residential project located in Dadar, constructed for Wadhwa Group ➢ Vertical height of the building is ~169 m ➢ Project scope included tower with 3 basement, 4 podiums, a service floor, 2 fire check floors & 37 typical floors and terrace ➢ Splendora, a Residential ➢ Aur
Slide 30: Projects Delivered
Projects Delivered ➢ Godrej Central, a Residential project located at Chembur, constructed for Godrej Properties ➢ Vertical height of the building is ~50 m ➢ Project scope was divided into 5 segments from demolition & site clearance to construction of new sale and rehab towers ➢ T-Series is a Commer
Slide 31: Our Industry
ED? APACIT' C Our Industry —
Slide 32: Housing Opportunity in India
Housing Opportunity in India India’s largest urban Shortfall of Housing units in India agglomeration by 2030 In units In million units 111 Rural Urban Delhi 36 million Chennai 64 14 million Mumbai 28 million 59 Hyderabad 52 13 million Kolkata 19 million Ahmedabad 40 24 10 million Bengaluru 47 15 mil
Slide 33: Pro-development programmes and policies to transform urban India
Pro-development programmes and policies to transform urban India Government Programmes Policy Reforms ➢ Pradhan Mantri Awas Yojna ➢ Real Estate Act (Affordable housing) ➢ GST ➢ Smart Cities ➢ AMRUT (urban renewal) ➢ REIT ➢ Making In India ➢ Ease of doing business (Manufacturing) ➢ Relaxation of FDI
Slide 34: RERA: Advantage Organized Construction Players
RERA: Advantage Organized Construction Players RERA will improve buyer confidence and 01 boost demand for residential real estate Delays in handover of projects are likely to RERA incorporates decline as RERA mandatory disclosure mandates commitment 05 02 clauses, which would from developers to prov
Slide 35: Housing for all 2022: Huge Opportunity
Housing for all 2022: Huge Opportunity Housing for All by 2022, also known as the Pradhan Mantri Awas Yojana (“PMAY”) launched in 2015 envisages the construction of about two crore houses in the country from 2015 to 2022, for the homeless and for people belonging to the economically weaker section (
Slide 36: Financing & Incentives: Fueling Housing in India
Financing & Incentives: Fueling Housing in India Favourable Interest rates Tax Incentives ➢ For constructed buildings tax on ➢ Interest subvention scheme: For notional rental income will only economically weaker lower apply after one year of the end of income groups the year in which completion cert
Slide 37: Organized Real Estate: Outperforming
Organized Real Estate: Outperforming FDI in Real Estate ➢ 100% FDI for townships & settlements development projects ➢ Provision for reduction in minimum capitalisation for FDI investment US$ 10mn to US$ 5 mn Investment Trend RERA & REIT ➢ Private debt and bank lending have emerged as ➢ The sector ha
Slide 38: Our Historical Performance
APACIT'E 7} C Our Historical Performance VAAN VINO i a) NS, hs Aon \
Slide 39: Order book of ₹ 4,289cr as at 31st March 2017
Order book of ₹ 4,289cr as at 31st March 2017 49 Sites Geographical Split 49 North Zone 8.2% 19 South Zone 15.2% 14 6 10 Other Super Gated High Rise Total 76.6% Bldgs Hise Rise Com West Zone Segment wise Split Category wise Split Villaments & Other Bldgs Commercial & Institutional 2.0% 2.4% High Ris
Slide 40: Key Projects
Key Projects Client Project Location Type RESIDENTIAL PROJECTS Kalpataru Kalpataru Immensa Thane, MMR Gated Community Oberoi Constructions Enigma Mulund, MMR Super High Rise T Bhimjyani Reality Neelkanth Woods - Phases I & II Thane, MMR Gated Community Saifee Burhani Upliftment Project – Saifee Burh
Slide 41: Strong Financial Performance
Strong Financial Performance Total Income (₹ in Cr.) EBITDA (₹ in Cr.) 1,140 165 70% 90% 815 117 510 65 234 24 FY14 FY15 FY16 FY17 FY14 FY15 FY16 FY17 PAT (₹ in Cr.) Margins 69 14.3% 14.5% 90% 12.7% 10.2% 44 27 5.4% 5.3% 6.1% 4.3% 10 FY14 FY15 FY16 FY17 FY14 FY15 FY16 FY17 EBITDA% PAT% Standalone Fi
Slide 42: Improving ratios
Improving ratios ROE ROCE 41.8% 31.2% 32.7% 28.2% 32.4% 25.6% 23.2% 20.1% FY14 FY15 FY16 FY17 FY14 FY15 FY16 FY17 Net Debt : Equity (x) Fixed Asset T/O (x) 4.4 1.1 0.9 3.4 2.8 3.0 0.8 0.3 FY14 FY15 FY16 FY17 FY14 FY15 FY16 FY17 Standalone Financials Ratios on the basis of I-GAAP numbers 42
Slide 43: Improving ratios
Improving ratios Debtors turnover days Inventory turnover days 118 89 108 70 75 105 57 100 FY14 FY15 FY16 FY17 FY14 FY15 FY16 FY17 Creditors turnover days Working Capital turnover days 119 74 79 98 133 96 67 56 FY14 FY15 FY16 FY17 FY14 FY15 FY16 FY17 Standalone Financials Ratios on the basis of I-GA
Slide 44: Profit & Loss Statement as per I-GAAP
Profit & Loss Statement as per I-GAAP Particulars (₹ In Crs) FY17 FY16 Change (%) Revenue from Operations 1,125 802 40.3% Other Income 15 13 Total Income 1,140 815 39.9% Cost of Material Consumed (Incl. Construction Expenses) 833 591 Employee Expenses 96 69 Other Expenses 46 37 EBITDA 165 117 41.2%
Slide 45: Balance Sheet as per I-GAAP
Balance Sheet as per I-GAAP Particulars (₹ In Crs) Mar-17 Mar-16 Particulars (₹ In Crs) Mar-17 Mar-16 Shareholder's Funds 299 170 ASSETS Share Capital 44 8 Total Non Current Assets 310 256 Fixed Assets 261 238 Reserves and Surplus 255 162 Non-Current Investments 0 1 Total Non Current Liabilities 207
Slide 46: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : Capacit'e Infraprojects Ltd. Strategic Growth Advisors Pvt. Ltd. CIN - L45400MH2012PLC234318 CIN - U74140MH2010PTC204285 Mr. Damodar Aash, Sr. Vice President Mr. Shogun Jain/Mr. Pratik R. Shah ir@capacite.in shogun.jain@
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