Vascon Engineers Limited · NSE:VASCONEQ
Vascon Engineers — Q1 FY2022 Earnings Presentation
24 slides from Vascon Engineers's earnings presentation, Aug 14, 2021
Slide 1: Presentation Update cover letter to stock exchanges
~Q'i ~~ VAS CON Date: August 14, 2021 To, To, National Stock Exchange of India Limited, BSE Limited, Listing Department, The Department of Corporate Services Exchange Plaza, Phiroze Jeejeebhoy Towers, Dalal Street, Sandra (E), Mumbai- 400 051 Fort, Mumbai 400 001 RefSymbol: VASCONEQ Ref: Scrip Code:
Slide 2: Investor Presentation | August 2021
INVESTOR PRESENTATION | August 2021
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vascon Engineers Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any sec
Slide 4: Key Business Highlights – Q1 FY22
2,024 Crs. 1,939 Crs. Total Order Book External EPC Order Book Forming healthy Order Book of Higher contribution by Government 6.3x FY21 EPC revenues projects KEY BUSINESS ~85% 11,249 Sqft HIGHLIGHTS – Govt. Project (%) Real Estate Q1 FY22 Providing visibility of faster New Sales Booking in Q1FY22 f
Slide 5: Strategic Focus… Pace-up Execution Momentum
Strategic Focus… pace-up Execution Momentum REVENUE FROM OPERATIONS (RS CRS) 135 In Q1FY22, execution was impacted 105 on account of 2nd wave of Covid led 93 lockdown restrictions 78 Witnessed gradual improvement in execution from June Onwards 36 Execution to gather momentum in coming quarters aided
Slide 6: Strengthening the Balance Sheet
Strengthening the Balance Sheet Particular (Rs in Crs) Jun-21 Mar-21 Mar-20 Vascon Engineers SBI & UBI 69.81 58.76 66.48 Kotak RE Fund 64.02 70.69 103.83 JM Finance 24.74 24.74 17.62 ICICI HFC 8.27 8.54 9.51 Zero Coupon-NCD 1.64 13.64 13.64 Others 23.37 21.14 25.26 Total 191.85 197.5 236.33 GMP 18.2
Slide 7: Raising Rs. 70 Crs. via Preferential Issue
Raising Rs. 70 Crs. via Preferential Issue Amount to Raise • Rs. 70 crores Key Investors • Group of Investors • Repayment of High Cost bearing Debt Utilization of Funds • Financing of Incremental Working Capital Requirements THE COMPANY TO RAISE RS. 70 CRORES THROUGH PREFERENTIAL ISSUE FOR DEBT REPA
Slide 8: Charting towards higher Growth Trajectory
Charting towards higher Growth Trajectory Robust Order Improved Capacity Higher Cashflow Strengthening the Book Utilization Generation Balance Sheet The Order Book has Execution of Current Leading to improved Repayment of debt by grown 2x from FY19, Order Book to enhance Profitability thereby, incre
Slide 9: P&L Highlights - Q1 FY22
P&L Highlights- Q1 FY22 Standalone Consolidated Particulars (Rs. Crs) Q1 FY22 Q1 FY21 FY21 Q1 FY22 Q1 FY21 FY21 Revenue 75.06 32.34 357.23 110.87 42.77 505.77 Other Income 3.16 3.19 11.23 3.40 2.57 12.41 Total Income 78.22 35.53 368.46 114.27 45.34 518.18 Construction Expenses / Material 62.17 29.04
Slide 10: Q1FY22 Segmental Profit & Loss - after allocation
Q1FY22- Segmental Profit & Loss - after allocation Particulars (Rs. Cr) RE# EPC## GMP Inventorised Total Revenue 0.62 81.49 36.13 118.24 Cost of Sales 0.18 67.42 23.36 1.1 92.06 Gross Profit 0.44 14.07 12.77 26.18 Gross Profit Margin % 71% 17% 35% 22% Other Income 0.19 2.55 0.45 3.19 Employee Cost 4
Slide 11: Business Overview
BUSINESS OVERVIEW ae VASCON
Slide 12: Vascon – At a Glance
VASCON – At a Glace ENGINEERING PROCUREMENT & CONSTRUCTION One of the leading EPC Company in India REAL ESTATE DEVELOPMENT Focus on Mid-Range Housing Project 11
Slide 13: EPC Business - Overview
EPC Business- Overview Construction Experience across various verticals Executed over 200 projects with construction area of over 50 msft Ability to execute around 8 msft per annum Currently executing around 3 msft p.a. – operating at 40% utilization Number of Personnel in Project / Engine
Slide 14: Marquee Clients
Marquee Clients MAINTAINING CONSISTENT QUALITY STANDARDS ENSURING REPEAT ORDERS 13
Slide 15: Order Book Build-Up & Key Orders
Order Book Build-Up & Key Orders Project Location Amt (Rs. Cr) (In Rs. Cr) External Order book 2060 2,109 2,024 Maharashtra State Police Housing Mumbai 363 90 107 85 PWD, Raipur Raipur 281 Hospital - Kaushambi Kasuhambi, UP 240 Hospital - Bijnor Bijnor, UP 219 Metro Rail Depot Bangalore 131 MMRC Mum
Slide 16: Real Estate Development
REAL ESTATE DEVELOPMENT ae VASCON
Slide 17: Real Estate Business
Real Estate Business BRAND EQUITY Landmark developments (Windermere, Forest County and Willows) have established the Brand Vascon in Pune Market END-TO-END CAPABILITIES In-house Design and Construction team gives us a unique advantage over other Real Estate Developers LOW OPERATING COST Flat organiz
Slide 18: Successfully launched Real estate projects
Successfully launched Real estate projects REAL ESTATE SALES (RS CR) Vascon Dev. Area Projects Launch Status Share (msft) 116 120 Forest Edge (JV) A 50% 0.08 18-Jan Fully Sold Forest Edge (JV) B 50% 0.08 19-Sep 95% sold Windermere (JV)# 45% 0.38 18-Mar 74% sold Vascon Goodlife – Value Home 100% 0.3
Slide 19: Track record of Real Estate Sales
Track record of Real Estate Sales Q-O-Q SALES AREA SQ. FT (‘000) 47 49 39 32 33 30 18 9 11 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q-O-Q SALES VALUE (RS. CR.) 44 43 34 37 28 31 13 11 5 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 18
Slide 20: Current Real Estate Projects Under Development
Current Real Estate Projects Under Development Total Vascon Share Project Name Location Vascon Share Rev. Project Area Sale Collectio Sale Collection Recognize Area Sold Value n Value d Type Share msft msft Rs. Cr Rs. Cr Rs. Cr Rs. Cr Rs. Cr Forest Edge (A&B) Pune JV 50% 0.16 0.15 108 71 54 35 - For
Slide 21: Real Estate Projects – Pipeline (launches in Near-term)
Real Estate Projects – Pipeline (launches in Near-term) Sr. No. Projects Type Segment Total Vascon Share Saleable Expected Saleable Expected Area Sales Value Area Sales Value msft (Rs. in Cr) msft (Rs. in Cr) 1 Coimbatore JDA Residential 0.3 195 0.21 136 2 Madurai JDA Residential 0.49 220 0.37 165 3
Slide 22: Real Estate Projects – Pipeline (other projects)
Real Estate Projects – Pipeline (other projects) Sr. No. Projects Type Segment Total Saleable Expected Area Sales Value msft (Rs. in Cr) 1 Willows – Residential JV Residential 0.33 250 2 Kalyani Nagar - Comm JDA Commercial 0.3 330 3 Kalyani Nagar JDA Residential 0.5 550 Total 1.13 1,130 21
Slide 23: Continuous focus on Liquidity Management
Continuous focus on Liquidity Management IDENTIFIED NON-CORE ASSETS FOR SALE • RAISING RS 70 CR THROUGH PREFERENTIAL ISSUE • 44% EQUITY STAKE IN HOTELS AT GOA • COMMERCIAL PROPERTY AT KALEDONIA, ANDHERI (E) • 9 ACRE LAND PARCEL IN AURANGABAD • GMP TECHNICAL SOLUTIONS (85% SUBSIDIARY OF VASCON CONTIN
Slide 24: Thank You!
THANK YOU! Mr. Punit Bhayani Mr. Gaurang Vasani/ Ms. Hina Agarwal punit@vascon.com vgaurang@stellar-ir.com hina@stellar-ir.com Vascon Weikfield Chambers, Pune - 411014 Kanakia Wall Street, Andheri (East), Mumbai 400 093