Gayatri Projects Limited · NSE:GAYAPROJ
Gayatri Projects — Q3 FY2017 Earnings Presentation
30 slides from Gayatri Projects's earnings presentation, Feb 16, 2017
Slide 1: Intimation to stock exchanges on results presentation
16" February, 2017 Oy GAYATRI To, The General Manager, The Department of Corporate Relations, The Bombay Stock Exchange Limited., 25" Floor, Phiroz Jeejeebhoy Towers, Dalal Street, Mumbai — 400 001 To, The Secretary, National Stock Exchange of India Ltd. 5" Floor, Exchange Plaza Plot No.C/1, G Block
Slide 2: Q3 & 9M FY17 Results Presentation
Q3 & 9M FY17 Results Presentation February, 2017
Slide 3: Disclaimer
Disclaimer Some of the statements in this presentation that are not historical facts are forward looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business an
Slide 4: Index
Index Financial Highlights – Q3 & 9M FY17 Order Book 9M FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 3 Copyright 2017 Gayatri Project Ltd
Slide 5: Financial Highlights – Q3 & 9M FY17
Financial Highlights – Q3 & 9M FY17 Order Book 9M FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 4 Copyright 2017 Gayatri Project Ltd
Slide 6: Snapshot - 9M FY17 Financial Performance
Snapshot - 9M FY17 Financial Performance 13.9% 17.9% 38.1% REVENUE EBITDA PAT ORDER BOOK* Rs.1,303cr Rs.198cr Rs.39cr Rs.12,023cr * As of Jan 1, 2017. 3 in-operative irrigation orders totaling Rs1,778cr removed from order book in 2Q. 5 Copyright 2017 Gayatri Project Ltd
Slide 7: Key Highlights – 9M FY17
Key Highlights – 9M FY17 • Strong traction in order inflow; order book grew by ~3x in past 15 months – Bagged orders in excess of Rs. 4,200 crore during 9M FY17 – Focused on ramping up order execution • Board approves Comprehensive restructuring & separate listing of Company’s Road BOT assets – – Bo
Slide 8: Q3 FY17 Highlights
Q3 FY17 Highlights Figs. In crore • Revenue growth for the quarter partially impacted by extended monsoon and demonetisation effect in the initial period – payment to workers. However situation has now normalized expect pick up in execution • Operating margins remained stable despite significant mob
Slide 9: M.D.’s Comments
M.D.’s Comments Commenting on the results, Mr. Sandeep Kumar Reddy, Managing Director, Gayatri Projects Limited said “We are pleased with the way we have transformed our core EPC business over the past few years. Our order book has not only grown over three fold in the past eighteen months but is no
Slide 10: Order Book
Financial Highlights – Q3 & 9M FY17 Order Book 9M FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 9 Copyright 2017 Gayatri Project Ltd
Slide 11: Order Book Update
Order Book Update Order Book - Details • Continued strong traction in order; backlog of Rs.12,023 Cr currently. o This is after we have removed 3 in-operative irrigation orders totaling up to Rs1,778cr awarded by AP / Order Book – Break Up Telangana govt. from the order book during Q2 FY17. o Rs. 1,
Slide 12: Recent Developments
Recent Developments Financial Highlights – Q3 & 9M FY17 Order Book 9M FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 11 Copyright 2017 Gayatri Project Ltd
Slide 13: Recent Developments
Recent Developments 1 Strong order inflows Comprehensive restructuring and separate 2 listing of road assets Power Genco Asset Holding Structure Optimised 3 – Call option written by Sembcorp SembCorp Gayatri Power – Nears completion of 4 construction work for its Second 660 MW unit 5 Board approves
Slide 14: EPC Biz – Momentum in Order Inflows continue
EPC Biz – Momentum in Order Inflows continue • Bagged orders worth more than Rs. 4,200 crore during 9M FY17 • Rs. 1,255 crore NHAI order for four laning of Angul – Sambalpur section of NH- 42 in the state of Odisha under NHDP – IV on EPC mode in JV with Russian Construction Company PTPS • Rs. 926 cr
Slide 15: Restructuring & Separate listing of Road Assets
Restructuring & Separate listing of Road Assets Subsidiary • Transfer of investments in Sai Gayatri Maatarini Tollways Limited Gayatri Gayatri Infra from Gayatri Projects Limited Step 1 Projects SMTL Domicile to Gayatri Domicile Private Ventures Ltd Ltd Pvt. Ltd Limited at book value • Post transfer
Slide 16: Optimization of Power Genco Asset Holding Structure - Sembcorp Call Option
Optimization of Power Genco Asset Holding Structure - Sembcorp Call Option GEVL was initially planning to increase stake in power generation subsidiaries (TPCIL, SGPL, 2640MW) to 30% each by raising capital through mezzanine funding. That plan has been aborted and a call option structure has been ne
Slide 17: Sembcorp Gayatri Power nears completion of its second 660-mw Unit
Sembcorp Gayatri Power nears completion of its second 660-mw Unit • Sembcorp Gayatri Power Limited (SGPL) (formerly NCC Power Projects Limited), nears completion of construction of its second and final 660 MW unit • Completed First unit of the 660 MW in Q2 FY17 • Sembcorp Gayatri Power Limited (SGPL
Slide 18: Board approves sub-division of shares
Board approves sub-division of shares Board of Directors of the Company approved Sub-division of Nominal Value of equity shares of Rs. 10/- per share to Rs. 2/- per share Further, the Board also approved Alteration of Capital Clause in Memorandum of Association of the Company 17 Copyright 2017 Gayat
Slide 19: Asset-holding Subsidiaries
Financial Highlights – Q3 & 9M FY17 Order Book 9M FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 18 Copyright 2017 Gayatri Project Ltd
Slide 20: Development of Road Assets
Development of Road Assets Portfolio Summary • Gayatri Infra Ventures Ltd, a Concession subsidiary of Gayatri Projects GIVL Length Annuity Based Projects Status COD Period Stake (kms) Ltd dedicated towards (Years) development of road assets Gayatri Jhansi Roadways Limited PCC 51% Jun 2010 20 50.0 (G
Slide 21: Development of Power Assets
Development of Power Assets Portfolio Summary • Incorporated in 2008, Gayatri Energy Ventures Ltd is a Sembcorp Gayatri wholly owned subsidiary of Gayatri Projects TPCIL Power Project "(Formerly NCCPPL)" • Current Portfolio: Capacity 1,320 Mw (2x660 Mw) 1,320 Mw (2x660 Mw) o TPCIL & SGPL "(Formerly
Slide 22: Outlook
Financial Highlights – Q3 & 9M FY17 Order Book 9M FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 21 Copyright 2017 Gayatri Project Ltd
Slide 23: Outlook
Outlook • Government’s efforts towards reviving investment climate by stepping up infrastructure spend is likely to ensure continued addition to our already CONSTRUCTION strong order book. We expect to maintain the new order accretion pace achieved during last financial year. • Growth in constructio
Slide 24: About Us
Financial Highlights – Q3 & 9M FY17 Order Book 9M FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 23 Copyright 2017 Gayatri Project Ltd
Slide 25: About Us
About Us • Gayatri Projects Limited (Parent Company) core construction Company Company Structure • Dedicated subsidiaries to focus on Road and Power segment Gayatri Projects Ltd. Development of Road Assets: o GIVL, dedicated towards development of road assets Core Construction Development of Develop
Slide 26: Gayatri Projects – Construction arm
Gayatri Projects – Construction arm • Core Construction Company with a Pan India Presence • Rich DNA of almost 50 years’ experience in Project execution • Strong, well-diversified order book of Rs.12,023 cr currently. Among the market leaders in new EPC contracts awarded by NHAI. • Client list inclu
Slide 27: Financial Performance at a Glance…
Financial Performance at a Glance… Figs. In crore 26 Copyright 2017 Gayatri Project Ltd
Slide 28: Annexure: Restructuring of Road Assets – Road Ahead
Financial Highlights – Q3 & 9M FY17 Order Book 9M FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 27 Copyright 2017 Gayatri Project Ltd
Slide 29: Scheme Conditional On Approvals/ Sanctions
Scheme Conditional On Approvals/ Sanctions This Scheme is conditional upon and subject to: Requisite approvals, clearances or permissions that may be required to be obtained under applicable laws, or where applicable, the waiting periods or time periods for approval of the Reserve Bank of India, r
Slide 30: For further information please contact
For further information please contact: K.G. Naidu (Vice President-Finance) Gavin Desa / Suraj Digawalekar Gayatri Projects Limited CDR India Tel: +91 40 23310330/23314284/4296 Tel: +91 22 66451237 / 66451235 Email: kgnaidu@gayatri.co.in Fax: +91 22 66451213 Email: gavin@cdr-india.com / suraj@cdr-in