Slide 1: Investor Presentation Q2 / H1FY23
Investor Presentation Q2 / H1FY23 October 2022 www.pspprojects.com ©2021 – PSP Project Ltd., All Rights Reserved. 1
Slide 2: Contents
Contents 01 PSP Projects Limited - Build to Last: The growth story In a Nutshell 02 A look at the quarter gone by 03 Indian Construction Industry 04 The drivers that transcended PPLs growth since inception 05 Precast Factory: Enhancing capabilities. Exploring newer technologies. 06 Investment Ration
Slide 3: PSP Projects Limited – Build to Last: The growth story in a Nutshell
PSP Projects limited – Build to Last The growth story in a Nutshell § Incorporated in 2008, successfully led by First Generation As on 30 September 2022 Civil engineer having 36 years of experience. 1,500 / 18,000 § India based construction company offering a diversified Workforce / range of constru
Slide 4: A Look at the Quarter gone by
A Look at the Quarter gone by www.pspprojects.com ©2021 – PSP Project Ltd., All Rights Reserved. 4
Slide 5: Financial Performance during Q2/H1FY23
Financial Performance during Q2/H1FY23 Q2FY23 Standalone Highlights Revenue from Operations1 (₹ crore) EBIDTA1 (₹ crore) & EBITDA Margin (%) PAT1 (₹ crore) & PAT Margin (%) YoY Growth -9% YoY Growth -29% YoY Growth -37% 14% 9% 60 14% 16% 40 10% 8% 11% 14% 9% 35 55 37 50 390 12% 30 6% 8% 40 47 7% 29
Slide 6: Standalone Profit & Loss: Q2 / H1FY23
Standalone Profit & Loss : Q2 / H1FY23 Particulars (₹ Lakhs) Q2FY23 Q2FY22 YoY (%) Q1FY23 QoQ (%) H1FY23 H1FY22 YoY (%) Revenue from Operations 35,660.39 39,044.08 -9% 34,524.24 3% 70,184.63 70,779.66 -1% Cost of materials consumed including WIP 8,046.56 12,946.80 10,206.57 18,253.13 22,851.37 Const
Slide 7: Standalone Balance Sheet: H1FY23
Standalone Balance Sheet : H1FY23 Particulars (₹ Lakhs) H1FY23 FY22 Particulars (₹ Lakhs) H1FY23 FY22 ASSETS Equity Non current Assets (a) Equity Share Capital 3,600.00 3,600.00 (a) Property, Plant and Equipment 19,795.06 20,601.82 (b) Other Equity 68,217.39 64,871.52 (b) Capital Work-In-Progress -
Slide 8: Management Commentary on Key Quarterly Highlights
Management Commentary on Key Quarterly Highlights PSP Projects has once again recorded ‘Highest ever Order Book till date of Rs.5,081 crore’. In comparison to all previous H1, the We continued to grow organically by company has received highest ever order inflow of Rs.1,512 crore in focusing on exec
Slide 9: Annual Financial Performance
Annual Financial Performance Revenue from Operations1 (₹ Crore) EBITDA1 (₹ Crore) PAT1 (₹ Crore) #CAGR : 34% #CAGR : 31% #CAGR : 31% 1,749 161 257 1,499 129 1,241 191 1,044 90 149 135 81 730 702 64 101 86 51 66 41 401 FY17 FY18 FY19 FY20 FY21 FY22 H1FY23 FY17 FY18 FY19 FY20 FY21 FY22 H1FY23 FY17 FY1
Slide 10: Business Robustness in Numbers
Business Robustness in Numbers EBITDA / Revenue from Operations Profit After Tax / Total Revenue EBITDA Margin% PAT Margin% 14.3% 14.7% 13.9% 12.7% 12.2% 10.9% 9.1% 8.6% 8.5% 8.5% 7.2% 6.4% FY18 FY19 FY20 FY21 FY22 H1FY23 FY18 FY19 FY20 FY21 FY22 H1FY23 ©2021 – PSP Project Ltd., All Rights Reserved.
Slide 11: Prudent Working Capital Cycle in Construction Space
Prudent Working Capital Cycle in Construction Space 76 65 65 55 55 54 53 50 26 26 28 24 26 21 17 15 FY19 FY20 FY21 FY22 Inventory (Days) Receivable (Days) Payable (Days) Working Capital Cycle (Days) ©2021 – PSP Project Ltd., All Rights Reserved. Notes: (1) Numbers have been rounded off 11
Slide 12: Along with comfortable Leverage Position
Along with comfortable Leverage Position FY19 FY20 FY21 FY22 Total Debt (₹ crore) 26 75 81 100 Networth (₹ crore) 371 457 538 685 Debt-Equity (x) 0.07 0.16 0.15 0.15 ©2021 – PSP Project Ltd., All Rights Reserved. Notes: (1) Numbers have been rounded off 12
Slide 13: Indian Construction Industry
Indian Construction Industry www.pspprojects.com ©2021 – PSP Project Ltd., All Rights Reserved. 13
Slide 14: An Important growth driver of India's Economy
An Important growth driver of India’s Economy Initiatives taken by GoI to bolster growth in construction sector 8% Governments Push FDI Inflow Construction Industry’s § High-speed bullet trains and metro rail, construction of Delhi- § The infrastructure and construction sector is contribution to Ind
Slide 15: Drivers that transcended PPLs growth since inception
Drivers that transcended PPLs growth since inception www.pspprojects.com ©2021 – PSP Project Ltd., All Rights Reserved. 15
Slide 16: Our Hybrid Approach with presence in Private and Public projects
Our Hybrid Approach with presence in Private and Public projects Industrial Projects Institutional Projects Government Projects Government Residential Projects Precast Construction of industrial Construction of buildings for Undertake various challenging and Residential Projects Construction of priv
Slide 17: Robust Order Book and Growing Pre-Qualification Credentials
Robust Order Book and Growing Pre-Qualification Credentials Growing Order Book1 (₹ crore) Work on hand across Private and Public Projects As on Q2FY23 5% 5,081 10% 4,324 4,121 37% 2,978 3,074 2,559 22% 7% 19% FY18 FY19 FY20 FY21 FY22 Q2FY23 Government Govt Residential Industrial Institutional Reside
Slide 18: Our Confidence to replicate the Success Story outside our Home State
Our Confidence to replicate the Success Story outside our Home State § Being headquartered in Ahmedabad, not only are we strategically located in the core market of Gujarat but have Growing Geographical Footprint gradually expanded our presence to six different states of India, establishing a pan-In
Slide 19: Belief, Trust and Support of our Customers
Belief, Trust and Support of our Customers Proven Track Record Ethics & Trust Biggest Project In delivering projects on-time and quality Strong work Ethics makes PSP a projects, the faith and confidence rested by the favourable and preferred choice Surat Diamond Bourse clients can be assessed by est
Slide 20: Clientele with High Quality Business
Clientele with High Quality Business Work on Hand as on 30 September 2022 - (Major Projects) | [₹ Crore] Outstanding Description of Project Location Name of the Client Contract value Contract Value Medical Colleges & Hospitals at 7 Locations Uttar Pradesh Public Works Department 1,491 1,239 EWS Hous
Slide 21: The Team that made PPL fulfil its ambitions
The Team that made PPL fulfil its ambitions Ably Supported by Experienced Professionals Mahesh Patel Maulik Patel Hetal Patel Viplav Shah Girish Ramkumar Senior Vice President - Operations Vice President - Procurement Chief Financial Officer Vice President - Planning Vice President - HR § Holds a di
Slide 22: The Team that made PPL fulfil its ambitions
The Team that made PPL fulfil its ambitions Ably Supported by Experienced Professionals Ramjibhai Parmar Pratik Thakkar Kenan Patel Sanjay Kumar Rai Pushpesh Singh General Manger - Tender General Manager - BD Company Secretary and Sr. Manager - SAP/IT Dy. General Manager – Contracts Compliance Offic
Slide 23: Leadership and Management
Leadership and Management Prahaladbhai Patel Pooja Patel Sagar Patel Sandeep Shah Vasishtha Patel Achala Patel Chairman, MD and CEO Whole Time Director Executive Director Independent Director Independent Director Independent Director He has a bachelor’s degree in She has a bachelor’s degree in He ha
Slide 24: Our 14 years of Journey of Constructing Buildings
Our 14 years of Journey of Constructing Buildings Started Operations in Uttar Pradesh with a marquee SAP Implementation projects "Beautification of Sri Kashi Vishwanath Dham" Started Operations in Karnataka & Rajasthan Started Turnkey Awarded project for Projects Started Construction work for Beauti
Slide 25: Precast Facility
Precast Facility Enhancing capabilities. Exploring newer technologies A state-of-the-art manufacturing plant of precast concrete building. Benefits of Precast Manufacturing Facility Production Capacity Phase I § Reduces labour-intensive 1 Mn. Sq. ft. traditional building methods by way of maximum pr
Slide 26: Precast Factory
Precast Factory ©2021 – PSP Project Ltd., All Rights Reserved. 26
Slide 27: Investment Rationale
Investment Rationale One-stop shop solution construction company present throughout the value chain starting from planning, design, construction and post-construction services including MEP work and other interior fit-outs which provides us with several opportunities, faster project turnaround time
Slide 28: Project Profile
Project Profile Prominent Projects Completed in FY22 NOODLE FACTORY PROJECT IN GUJARAT SPORTS COMPLEX FOR AHMEDABAD UNIVERSITY HOSPITAL PROJECT IN UDAIPUR RAJASTHAN INTERIOR FIT-OUT AT LEELA HOTEL, GANDHINAGAR ZYDUS HOSPITAL, BARODA AUDA LIBRARY, AHMEDABAD ©2021 – PSP Project Ltd., All Rights Reserv
Slide 29: Landmark Projects – Kashi Vishwanath Dham
Landmark Projects – Kashi Vishwanath Dham ©2021 – PSP Project Ltd., All Rights Reserved. 29
Slide 30: Landmark Projects – Surat Diamond Bourse
Landmark Projects – Surat Diamond Bourse Actual image October.22 ©2021 – PSP Project Ltd., All Rights Reserved. 30
Slide 31: Landmark Projects – Surat Diamond Bourse
Landmark Projects– Surat Diamond Bourse Actual image October.22 ©2021 – PSP Project Ltd., All Rights Reserved. 31
Slide 32: Prominent Projects – Smart City
Prominent Projects – Smart City Prestige Fintech IBIS Hotel by Brigade World Trade Center BSE Brokers Forum Brigade International Finance Center The Signature by Hiranandani ©2021 – PSP Project Ltd., All Rights Reserved. 32
Slide 33: Prominent Projects
Prominent Projects ZYDUS HOSPITAL SITAPUR (EPC PROJECT) MEDICAL COLLEGE & HOSPITAL AT DAHOD (EPC PROJECT) BEAUTIFICATION OF AHMEDABAD C.G.ROAD R&D AND RESEARCH CENTERS IN GUJARAT ©2021 – PSP Project Ltd., All Rights Reserved. 33
Slide 34: Prominent Projects
Prominent Projects COMMERCIAL BUILDING AT GIFT CITY ZYDUS CORPORATE HOUSE AT AHMEDABAD PUNISKA HEALTHCARE PLANT BANGALORE MILK UNION DAIRY PLANT AT GRAND MERCURY HOTEL AT GIFT CITY MEDICAL COLLEGE AND HOSPITAL FOR KANAKPURA, KARNATAKA FOR BRIGADE GROUP DHARAMSINGH DESAI UNIVERSITY (DDU) ©2021 – PSP
Slide 35: Prominent Projects
Prominent Projects BRIGADE INTERNATIONAL GOVERNMENT OFFICE BUILDING RIVER FRONT DEVELOPMENT HOSPITAL PROJECT FINANCIAL CENTRE AT GIFT CITY ZYDUS HOSPITALS DAIRY PROJECT AFFORDABLE HOUSING PROJECT GOVERNMENT PROJECT ©2021 – PSP Project Ltd., All Rights Reserved. 35
Slide 36: Key Strategies
Key Strategies www.pspprojects.com ©2021 – PSP Project Ltd., All Rights Reserved. 36
Slide 37: Building is my passion – Key Strategies
Key Strategies Building is my Focus on Building construction (commercial, residential, industrial & institutional) passion Strengthen our Leverage our position Mr. Prahaladbhai Patel human capital as a fast-growing Chairman, MD and CEO construction company in India Enhance our project Expand our geo
Slide 38: Awards and Recognition
Awards and Recognition www.pspprojects.com ©2021 – PSP Project Ltd., All Rights Reserved. 38
Slide 39: Awards and Recognition
Awards and Recognition PSP Projects Ltd has been awarded as Fastest Growing Construction Company PSP Projects Ltd has been awarded as India’s Top Challengers during the (below 2000 Cr Category) during the Construction World Annual Awards 2022 Construction World Annual Awards 2021 ©2021 – PSP Project
Slide 40: Awards and Recognition
Awards and Recognition PSP Projects Ltd has been awarded as 2nd Fastest Growing Construction Company (below 2000 Cr Times Inspiring Entrepreneur Award for the Fastest Patidar Udhyog Ratna Award by Sardardham 2020 Category) 3rd year in a row during the Construction Growing Construction Company of the
Slide 41: Safe Harbor Statement
Safe Harbor Statement This document does not constitute or form part of and should not be construed as an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries or its joint ventures or affiliates in any jurisdiction or as an ind
Slide 42: Thank You
Thank You For more information please contact: PSP Projects Limited Ernst & Young LLP Hetal Patel Krishna Patel / Vikash Verma ✉ grievance@pspprojects.com ✉ krishna.patel2@in.ey.com ✉ vikash.verma1@in.ey.com PSP Projects Limited ‘PSP House’, Opp. Celesta Courtyard, Opp. Lane of Vikramnagar Colony, I