Kec International Ltd. · NSE:KEC
Kec International — Q1 FY25 Earnings Presentation
26 slides from Kec International's earnings presentation, Jul 26, 2024
Slide 1: Cover letter to stock exchanges
KEC INTERNATIONAL LTD. RPG House 463, Dr. Annie Besant Road Worli, Mumbai 400030, India +91 22 66670200 kecindia@kecrpg.com www.kecrpg.com July 26, 2024 National Stock Exchange of India Limited BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Fort Bandra (East)
Slide 2: KEC International Limited Investor Presentation – Q1 FY25
KEC International Limited Investor Presentation – Q1 FY25 2 6 J u ly 2 0 2 4 Power T & D Civil Railways Oil & Gas Pipelines Renewables Cables
Slide 3: Disclaimer
Disclaimer This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures,
Slide 4: Overview – RPG Group & KEC International
1 Overview – RPG Group & KEC International 765kV Digital Substation project at Navsari, Gujarat 3
Slide 5: RPG Group: Powered by Passion, Driven by Ethics
RPG Group: Powered by Passion, Driven by Ethics UNLEASHTALENT RPG Enterprises was founded in 1979. The group currently operates various businesses in Infrastructure, Technology, Life Sciences, Plantations and Tyre industries. The group has business history dating back to TOUCHLIVES 1820 AD in bankin
Slide 6: KEC International: Building Infrastructure for the World of Tomorrow
KEC International : Building Infrastructure for the World of Tomorrow $2.4 FOOTPRINT IN 7+ 110+ 300+ 83 7500+ 40+ BILLION ONGOING HAPPINESS EMPLOYEES DECADES COUNTRIES PROJECTS GLOBAL EPC SCORE NATIONALITIES MAJOR Transmission Civil Urban Infra Railways Oil & Gas Renewables Cables & Distribution 5
Slide 7: Diverse Portfolio of Offerings
Diverse Portfolio of Offerings Transmission Lines Factories Underground Cabling Water Airports Hospitals Substations Residential Buildings S&T Metros – Civil Metros - Tech Commercial Buildings OHE Track Laying Railway Bridges Data Centre TCAS - Kavach Automatic Signalling Solar Tunnel Ventilation Wa
Slide 8: Board of Directors
Board of Directors H. V. Goenka Chairman, Non Executive Director Vimal Kejriwal Arvind Singh M.S. Unnikrishnan Neera Saggi Nirupama Rao Managing Director Non Executive Non Executive Non Executive Non Executive & CEO Independent Director Independent Director Independent Director Independent Director
Slide 9: Management Team
Management Team Vimal Kejriwal Managing Director & CEO Rajeev Agarwal Milind Apte Anand Kulkarni Neeraj Nanda Ganesh Srinivasan Chief Financial Officer Chief Human Executive Director - President - President – Resources Officer Business Operations Emerging Business T&D Nagesh Veeturi Kaushal Kodesia
Slide 10: Key Performance Highlights
2 Key Performance Highlights Cement silo for Ultratech Cement at Dhar, Madhya Pradesh 9
Slide 11: Financial Highlights Q1 FY25 – Healthy Performance
Financial Highlights Q1 FY25 – Healthy Performance Revenues EBITDA PAT Order Intake 6% 20% 107% 70% YoY YoY YoY YoY % 6.5% % 1.9% 4,512 Cr 7,664 Cr 294 Cr 88 Cr ▪ Delivering consistent growth ▪ Sequential improvement in ▪ Robust growth in bottom line ▪ YTD order intake growth of in Revenues EBITDA m
Slide 12: Improving Trajectory of Quarterly Performance
Improving Trajectory of Quarterly Performance Revenue (₹ Crore) EBITDA (₹ Crore) and EBITDA Margin (%) Q1 Revenue CAGR of 17% EBITDA Margins Improved by 140 bps; CAGR 32% 4,244 4,512 6.5% 3,318 5.8% 5.1% 244 294 168 Q1 FY23 Q1 FY24 Q1 FY25 Q1 FY23 Q1 FY24 Q1 FY25 Order Intake (₹ Crore) PAT (₹ Crore)
Slide 13: Key Business Highlights – Q1 FY25
Key Business Highlights – Q1 FY25 T&D Civil Railways • Revenues of Rs. 2,499 Cr, strong growth of • Revenues of Rs. 1,059 Cr, a growth of 11% • Revenues of Rs. 471 Cr for the quarter 17% YoY YoY • Secured new orders of over Rs. 500 Cr in the • Significant traction in order intake with a • Order inta
Slide 14: Financial Performance
3 Financial Performance Ballastless Track Works at Ahmedabad Metro Project 13
Slide 15: Profit and Loss Summary
Profit and Loss Summary (₹ crore) Consolidated Standalone Particulars Growth Growth Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 (Y-o-Y) (Y-o-Y) Revenues 4,512 4,244 6% 3,888 3,701 5% EBITDA* 294 244 20% 198 169 17% EBITDA Margins 6.5% 5.8% 5.1% 4.6% (+) Other Income 19 3 20 4 (-) Depreciation 47 42 38 33 (-) In
Slide 16: Businesswise Revenue Performance (Consolidated)
Businesswise Revenue Performance (Consolidated) Growth (₹ crore) Particulars Q1 FY25 Q1 FY24 (Y-o-Y) T&D: 2,499 2,140 17% - T&D (KEC) 2,153 1,831 18% - SAE Towers 346 309 12% Non T&D: 2,092 2,260 -7% - Civil 1,059 955 11% - Railways 471 764 -38% - Oil & Gas Pipelines 126 104 21% - Cables 363 389 -7%
Slide 17: Borrowings & Working Capital (Consolidated)
Borrowings & Working Capital (Consolidated) (₹ crore) Increase/ Increase/ Particulars 30-Jun-24 30-Jun-23 31-Mar-24 (Decrease) (Decrease) I) Net Debt 3,973 3,699 273 3,553 420 II) Interest Bearing Acceptances 1,624 2,015 -391 1,537 87 Total (I + II) 5,596 5,714 -117 5,090 507 ❑ Net debt including ac
Slide 18: Order Intake & Order Book (Consolidated)
Order Intake & Order Book (Consolidated) Order Intake – YTD FY25 Order Book – YTD FY25 T&D : 57% SAE : 8% T&D: 48% SAE : 3% 4% 2% 2% 11% 4% 10% 7% Order Intake Rs 7,664 Cr. Order Book (Growth of 70%) Rs 32,715 Cr. 51% 13% 65% 31% T&D Civil Railways Renewables Cables T&D Civil Railways Renewables Cab
Slide 19: Infrastructure Sector – A Multi Decadal Opportunity
Infrastructure Sector – A Multi Decadal Opportunity Urban T&D Civil Renewables Railways Infrastructure • Large opportunities • Real estate boom: • Infrastructure • India's ambition to • Highest-ever owing to generation Residential and development key for achieve 500 GW of allocation of INR 2.5 capac
Slide 20: Environmental, Social and Governance (ESG)
4 Environmental, Social and Governance (ESG) Pehlay Akshar Schooling
Slide 21: ESG & Sustainability Goals and Status
ESG & Sustainability Goals and Status Happiness Diversity & Occupational Corporate Social Quotient Inclusion Heath & Safety Responsibility Target: Increase Happiness Target: Increase in diversity by Target: Work towards the Target: Reach 2 lac CSR Quotient to 85% by FY26 25% by FY26 goal of achievin
Slide 22: Sustainability Roadmap – Key Initiatives and Approach
Sustainability Roadmap – Key Initiatives and Approach • Launched a holistic wellness initiative, KECARES, for • Established zero-based material consumption employees guidelines Happiness • Introduced the Project Management Excellence Circularity Quotient • Using rejected concrete in casting, crash b
Slide 23: Key Strategic Developments
5 Key Strategic Developments Transmission line in Saudi Arabia 22
Slide 24: Subsidiarisation of Cables Business
Subsidiarisation of Cables Business • Cables business has achieved a significant uptick in performance over last few years with highest ever Revenues, Profitability and To capitalize on this strong performance and Order Intake in FY24 market potential, and bring sharper focus to our • Continuous cap
Slide 25: Seize the Future
Seize the Future Our Aspirations Amongst the Top 3 in Well Diversified with Sustainable Value Industry Leading Resilient Creation for all the Infrastructure EPC Multiple Engines of Profitable Growth Balance Sheet Stakeholders Industry Growth Enablers Organic Opportunities Inorganic Opportunities • S
Slide 26: Thank You
THANK YOU Global Footprint in 110+ countries* *Includes EPC and Supply Follow us on: A logo of a camera Description automatically generated Registered Office RPG House, 463, Dr. Annie Besant Road, Worli, Mumbai - 400 030. Phone: +91-22-6667 0200 Email: kecindia@kecrpg.com www.kecrpg.com