Capacit'e Infraprojects Ltd. · NSE:CAPACITE

Capacit'e Infraprojects — H1 FY19 Earnings Presentation

38 slides from Capacit'e Infraprojects's earnings presentation, November 2018

  1. Slide 1: Capacit'e Infraprojects Ltd. Investor Presentation

    Capacit'e Infraprojects Ltd. Investor Presentation 1 November 2018

  2. Slide 2: Safe Harbor

    2 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 an

  3. Slide 3: H1 FY19 Standalone Performance

    3 Hiranandani – The Walk, Mumbai, MMR H1 FY19 Standalone Performance

  4. Slide 4: Key highlights for H1 FY19 (1/2)

    4 Key highlights for H1 FY19 (1/2)  Strong Financial performance:  Total Income grew by 44% to ₹ 859 Crores as compared to ₹ 596 Crores in H1 FY18  EBITDA was ₹ 138 Crores as compared to ₹ 99 Crores during H1 FY18, growing by 40%, Margins were at 16%  PAT grew by 36% to ₹ 46 Crores as compared t

  5. Slide 5: Key Highlights of H1 FY19 (2/2)

    5 Key Highlights of H1 FY19 (2/2) Total Income (₹ in Cr.) EBITDA (₹ in Cr.) PAT (₹ in Cr.) Cash PAT (₹ in Cr.) 44% 859 40% 138 36% 46 46% 94 596 99 34 64 H1 FY18 H1 FY19 H1 FY18 H1 FY19 H1 FY18 H1 FY19 H1 FY18 H1 FY19 Net Working capital Days Including Retention Excluding Retention 95 89 65 84 58 57

  6. Slide 6: Key Growth Drivers

    6 Key Growth Drivers  Buildings: Rs 4.5trillion opportunity driven by ‘Pradhan Mantri Awas Yojna’ (PMAY) under the ‘Housing for All’ scheme and spend on Smart- Cities/AMRUT  Metros: Rs 2.7trillion opportunity provided by new phases of metros in 14 cities where metros projects are under-constructio

  7. Slide 7: Key Financial Indicators

    7 Key Financial Indicators ROE ROCE 41.8% 31.2% 28.2% 29.7% 25.6% 23.1% 18.4% 16.2% 10.5% 11.5% FY15 FY16 FY17 FY18* H1FY19 FY15 FY16 FY17 FY18* H1FY19 Net Debt : Equity (x) Core Fixed Asset T/O (x) 1.14 4.8 4.4 0.75 4.0 3.4 3.5 0.49 -0.11 -0.06 FY15 FY16 FY17 FY18* H1FY19 FY15 FY16 FY17 FY18 H1FY19

  8. Slide 8: Private Sector Order Book Details

    8 Private Sector Order Book Details (₹ In Crs) Order Backlog Project Split 6,507 5,682 Other Buildings 4,289 2,266 2,805 13% High Rise 1,693 23% FY14 FY15 FY16 FY17 FY18 H1 FY19 (₹ In Crs) Order Inflow 1,132 41% 23% Super High Rise 907 825 Gated Communities 690 675 503 428 Q4 FY17 Q1 FY18 Q2 FY18 Q3

  9. Slide 9: Recent orders wins driven by repeat orders and fresh orders from new marquee clients

    9 Recent orders wins driven by repeat orders and fresh orders from new marquee clients Private Sector Order Book of ₹ 6,507 Crores Public Sector Order book of ₹ 4,357 Crores Q1 FY19 Order Inflow Q2 FY19 Order Inflow Private Orders: Repeat Orders from: Private Sector  Oberoi Realty Group worth ₹ 272

  10. Slide 10: Geographical Split

    10 Diversified Private Sector Order Book FY17 FY18 H1 FY19 North North North 8% 2% South 7% Geographical Split South 15% South 11% 15% West West West 82% 77% 83% 2% 15% 19% Category wise Split 85% 81% 98% Residential Commercial & Institutional CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E INFRASTRUCTURE

  11. Slide 11: Q2 & H1 FY19 Standalone Profit & Loss – Strong Financial Performance

    11 Q2 & H1 FY19 Standalone Profit & Loss – Strong Financial Performance Particulars (₹ In Crs) Q2 FY19 Q2 FY18 Y-o-Y H1 FY19 H1 FY18 Y-o-Y Revenue from Operations 443.1 322.2 37.5% 840.6 588.2 42.9% Other Income 9.8 2.4 18.1 7.5 Total Income 452.9 324.7 39.5% 858.7 595.7 44.2% Cost of Material Consu

  12. Slide 12: H1 FY19 Standalone Balance Sheet - Strong Balance Sheet with low leverage

    12 H1 FY19 Standalone Balance Sheet - Strong Balance Sheet with low leverage ASSETS (₹ In Crs) Sep-18 Mar-18 EQUITY AND LIABILITIES (₹ In Crs) Sep-18 Mar-18 NON-CURRENT ASSETS 615 543 EQUITY 793 749 Property, plant & equipment 440 409 Capital work-in-progress Equity Share capital 68 68 5 0 Intangibl

  13. Slide 13: Improvement in working capital levels with efficient collections and strong execution

    13 Improvement in working capital levels with efficient collections and strong execution Debtors turnover days Inventory turnover days 70 67 151 55 58 54 120 120 121 105 120 88 91 89 95 FY15 FY16 FY17 FY18* H1 FY19* FY15 FY16 FY17 FY18 H1 FY19 Including Retention Excluding Retention * includes Bills

  14. Slide 14: Our Story

    Our Story 14 Godrej Central – Mumbai, MMR

  15. Slide 15: Capacit'e Infraprojects Ltd: Transforming Vision into Reality

    15 Capacit'e Infraprojects Ltd: Transforming Vision into Reality Clientele Financials Marquee client base resulting into repeat Strong and well orders and yielding a Resources capitalized Balance Large Order book with Sheet & Financial high revenue visibility Ownership of Core Management Assets + Te

  16. Slide 16: Ready to Capitalize on vast opportunities

    16 Ready to Capitalize on vast opportunities Specialization in Super Strong relationships Experienced Focus only on – High Rise & High Rise with clients Management Buildings & Factories 01 02 03 04 05 06 07 08 09 Well capitalized Good Corporate Strong Order Book Revenue Visibility Balance Sheet Stro

  17. Slide 17: Our Strategy: Focused Player in Buildings Segment

    17 Our Strategy: Focused Player in Buildings Segment Specialist in High Rise & Super High Rise Focus on Building Construction Expand in Institutional & Commercial Grow Order book on Lock-and-key basis Bid for Design-Build & Public Projects Capitalize on RERA implementation Expand presence in Matured

  18. Slide 18: Scalable Business Model on back of Best in Class Resources

    18 Scalable Business Model on back of Best in Class Resources 1. Modern Technology: Temperature controlled concrete for mass pours, self compacting free flow concrete for heavily reinforced pours and Modern Technology special concrete for vertical pumping in Super 01 High Rise Buildings 2. Core Asse

  19. Slide 19: Our FOCUS – To Create a Sustainable Future

    19 Our FOCUS – To Create a Sustainable Future Balance Sheet Focus Asset Turnover Focus on maintaining comfortable Debt/Equity Focus on improving Asset Turnovers by levels which stems from our ethos of building efficient deployment & maintenance of relationships with credible organized players resour

  20. Slide 20: Certifications & Awards

    20 Certifications & Awards Certificate of Compliance Golden Peacock Award Integrated Management System Quality Management System ISO 9001:2008 Environmental Management System ISO 14001:2004 Occupational Health and Safety Management System OHSAS 18001:2007 CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E IN

  21. Slide 21: Marquee Clientele… a testimony of our Execution Track record

    21 Marquee Clientele… a testimony of our Execution Track record Existing clientele (Regular Repeat orders & Huge pipeline) Addition of New clients Timely delivery Quality output Growing Order Book CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E INFRASTRUCTURES LIMITED

  22. Slide 22: Management & Board

    Management & Board 22 Rustomjee Seasons, Mumbai, MMR

  23. Slide 23: Experienced Promoters at the helm of affairs…

    23 Experienced Promoters at the helm of affairs… Mr. Rohit R. Katyal Mr. Rahul R. Katyal Mr. Subir Malhotra Executive Director & CFO Managing Director Executive Director  Has a vast experience of ~27 years  Has a vast experience of ~23 years  Has a vast experience of ~28 years  Currently focuses

  24. Slide 24: Governed by a Strong Board of Directors

    24 Governed by a Strong Board of Directors Mr. S.B. Mainak Mr. Siddharth D. Parekh Mr. Sumeet S. Nindrajog Ms. Farah Nathani – Menzies Mr. Arun Karambelkar Chairperson (Independent) Non-Executive Director Non-Executive Director Independent Director Independent Director  Has more than 30 years  Has

  25. Slide 25: Our Creations

    Our Creations 25 Paras Quartier, Gurgaon, NCR

  26. Slide 26: Our Creations (1/2)

    26 Our Creations (1/2) Saifee Burhani Upliftment Project, Lodha Altamount, The Park by Lodha, Mumbai Altamount Road Lower Parel CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E INFRASTRUCTURES LIMITED

  27. Slide 27: Our Creations (2/2)

    27 Our Creations (2/2) Bharti Worldmark, Century Breeze, Paras Quartier, Gurgaon Bengaluru Gurgaon, NCR Ozone Hyatt, Bengaluru CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E INFRASTRUCTURES LIMITED

  28. Slide 28: Some Projects that we have Virtually Completed/ Delivered (1/3)

    28 Some Projects that we have Virtually Completed/ Delivered (1/3) Seaview – Candor  Commercial project at Sector 135, Noida  Vertical height of the project is ~63 meters  Project scope - construction of 3 towers with 02 Basements and Ground plus 14 floors  Project executed for Seaview Developer

  29. Slide 29: Some Projects that we have Virtually Completed/ Delivered (2/3)

    29 Some Projects that we have Virtually Completed/ Delivered (2/3) Bharti Worldmark  Commercial project executed for Bharti Airtel in Sector 65, Gurgaon  Vertical Height of the structure is ~ 42 meters  Project scope - construction of 4 towers with 2 Basements and Ground plus 14 floors Godrej Cen

  30. Slide 30: Some Projects that we have Virtually Completed/ Delivered (3/3)

    30 Some Projects that we have Virtually Completed/ Delivered (3/3) Sattva – Cadenza  7 Buildings, Build up area is 10.46 Lakh Sq. ft.  Building Height is 70m  Project Scope - Shell & Core and Blockwork, Tilling & Painting Provident – The Tree Hiranandani – The Walk  2 Buildings; Building 1 has 3

  31. Slide 31: Our Industry

    31 Transcon Sheth Auris Serenity, Mumbai, MMR Our Industry

  32. Slide 32: Favorable Industry Dynamics

    32 Favorable Industry Dynamics RERA  Leading to a shift from Un-Organized to Organized  Supports Construction EPC players PMAY Scheme Growing demand for Commercial & Retail space  A ~Rs. 4.5 Trillion opportunity driven by ‘Pradhan Mantri Awas Yojna’ (PMAY) under the ‘Housing for All’ scheme  Lac

  33. Slide 33: Mumbai Development Plan 2034

    33 Mumbai Development Plan 2034 Increase in FSI  Government has increased the Floor Space Index, for both commercial and residential buildings Affordable Housing Push Central & Suburban Mumbai to benefit  The authorities have approved to release  The non-development zones proposed to be 3,355 hec

  34. Slide 34: Our Historical Performance

    Our Historical Performance 34 Lodha, One Altamount, Mumbai, MMR

  35. Slide 35: Strong Financial Performance

    35 Strong Financial Performance Total Income (₹ in Cr.) EBITDA (₹ in Cr.) 55% 1,360 76% 212 228 1,140 815 117 510 65 234 24 FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 PAT (₹ in Cr.) Margins 18.6% 14.3% 16.7% 67% 79 69 12.7% 10.2% 44 27 5.4% 5.3% 6.1% 10 4.3% 5.8% FY14 FY15 FY16 FY17 FY18 FY14

  36. Slide 36: Standalone Profit & Loss Statement

    36 Standalone Profit & Loss Statement Particulars (₹ In Crs) FY18 FY17 FY16* Revenue from Operations 1,336 1,125 802 Other Income 24 15 13 Total Income 1,360 1,140 815 Cost of Material Consumed (Incl. Construction Expenses) 966 796 591 Employee Expenses 117 87 69 Other Expenses 49 46 37 EBITDA 228 2

  37. Slide 37: Standalone Balance Sheet

    37 Standalone Balance Sheet ASSETS (₹ In Crs) Mar’18 Mar’17 EQUITY AND LIABILITIES (₹ In Crs) Mar’18 Mar’17 NON-CURRENT ASSETS 543 381 EQUITY 749 299 Property, plant & equipment 409 324 Capital work-in-progress 0 7 Equity Share capital 68 44 Intangible assets 1 2 Other equity 682 255 Investments 19

  38. Slide 38: For further information, please contact

    38 For further information, please contact Company : Investor Relations Advisors : Capacit'e Infraprojects Ltd. Strategic Growth Advisors Pvt. Ltd. CIN - L45400MH2012PLC234318 CIN - U74140MH2010PTC204285 Mr. Alok Mehrotra (President, Corporate Finance) Mr. Shogun Jain/Mr. Pratik R. Shah ir@capacite.

Capacit'e Infraprojects — H1 FY19 Earnings Presentation on 6ix