J. Kumar Infraprojects Limited · NSE:JKIL
J. Kumar Infraprojects — Q2 & H1 FY23 Earnings Presentation
46 slides from J. Kumar Infraprojects's earnings presentation, Nov 8, 2022
Slide 1: Exchange filing cover letter
J. KUMAR INFRAPROJECTS LIMITED Regd Off: Unit No. 16-A, Andheri Industrial Estate, Veera Desai Road, Andheri (West), Mumbai: - 400 053, Maharashtra, India Corp Off: CTS No. 448, 448/1, 449, Vile Parle (East), Subhash Road, Mumbai 400057, Maharashtra, India Phone: +91 22 67743555. Fax: +91 22 2673081
Slide 2: Investor Presentation Q2 & H1 FY23 Results Update
J. Kumar Infraprojects Limited Investor Presentation Q2 & H1 FY23 Results Update We dream… So we achieve…
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by J. Kumar 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 any se
Slide 4: Table of Contents
Table of Contents 01 Company Overview Performance Highlights We dream… So we achieve… 02 03 Results Vision Highlights 2027 – Billion $ Company 04 Business Overview 05 Management Overview 06 Detailed Financials Detailed Financial Investor Presentation | Q2 & H1 FY23 Results Update 3 3
Slide 5: Company Overview
Company Overview We dream… So we achieve… We dream… So we achieve…
Slide 6: About J. Kumar Infraprojects
About J. Kumar Infraprojects 1999 PAN India Flyovers & Metro Quality 30+ Ongoing 7,000* Presence Bridges Projects Execution Projects Incorporated to Established Constructed Amongst few Currently Strong undertake Delivering Quality presence in states of most of the construction Employee We dream… So
Slide 7: Our Offerings
Our Offerings We dream… So we achieve… Metro Flyover & Bridges Roads & Tunnels Civil & Others Water • Metro Underground • Flyovers • Roads • Hospital / Medical • Sewage Treatment • Metro Elevated • Bridges • Highways Colleges Plants • Metro Elevated • Pedestrian • Expressways • Railway Terminus & •
Slide 8: Our Growth Story
Our Growth Story Revenue crossed ₹ 3,500 cr 2022 Awarded contracts worth ₹ 3,685 cr Awarded contracts worth ₹ 2021 2,259 cr We dream… So we achieve… Awarded contracts worth ₹ 4,289 cr 2020 which includes ₹1,998 crore order from MMRDA on standalone basis Awarded Metro Projects in Mumbai 2017 amountin
Slide 9: Our Major Achievements in FY22
Our Major Achievements in FY22 Bringing Pride to Nation - Delivering Project of National Importance We dream… So we achieve… Mumbai Metro Line 7 Mumbai Metro Line 2 A JNPT Mumbai Metro Line 7 – Dahisar East Mumbai Metro Line 2A – Dahisar JNPT Port Connectivity between and Andheri – 13 proposed stati
Slide 10: Performance Highlights
Performance Highlights We dream… So we achieve… We dream… So we achieve…
Slide 11: Q2 & H1 FY23 Key Financial Highlights
Q2 & H1 FY23 Key Financial Highlights 01 02 03 04 We dream… So we achieve… Revenue EBITDA PAT Cash PAT Q2 FY23 ₹ 1,013 crores +31% ₹ 146 crores +32% ₹ 68 crores +64% ₹ 105 crores +37% 14.4% 6.7% 10.4% H1 FY23 ₹ 2,007 crores ₹ 286 crores ₹ 129 crores ₹ 204 crores +40% +39% +38% +77% 14.3% 6.5% 10.2%
Slide 12: Q2 & H1 FY23 Profit & Loss
Q2 & H1 FY23 Profit & Loss Particulars (₹ In Cr) Q2 FY23 Q2 FY22 Y-O-Y Q1 FY23 H1 FY23 H1 FY22 Y-O-Y FY22 Revenue from Operations 1,012.8 772.0 31% 993.8 2,006.6 1,447.0 39% 3,527.2 Cost of Material Consumed 673.8 479.9 670.0 1,343.8 904.9 2,268.2 Construction Expenses 102.4 101.1 104.6 207.1 174.2
Slide 13: H1 FY23 Balance Sheet
H1 FY23 Balance Sheet As at As at As at As at Particulars (₹ in Cr) Particulars (₹ in Cr) Sep 30, 2022 Mar 31, 2022 Sep 30, 2022 Mar 31, 2022 ASSETS EQUITY AND LIABILITIES Non-Current Assets Equity We dream… So we achieve… Property, plant and equipment 884 790 Equity Share Capital 38 38 Capital work
Slide 14: Cash Flow Statement
Cash Flow Statement Particulars (₹ In Cr) H1 FY 23 H1 FY 22 FY 22 PBT 177 97 283 Adjustments 113 129 226 Operating profit before working capital 290 226 509 We dream… So we achieve… changes Changes in working capital (277) (64) (65) Cash generated from operations 13 161 444 Direct taxes paid (net of
Slide 15: Robust Performance
Robust Performance Revenue (₹ Crores) EBITDA (₹ Crores) We dream… So we achieve… Quarter 32% Y-o-Y 31% Y-o-Y Half Year 38% Y-o-Y 39% Y-o-Y Investor Presentation | Q2 & H1 FY23 Results Update 14
Slide 16: Robust Performance
Robust Performance PAT (₹ Crores) CASH PAT (₹ Crores) We dream… So we achieve… Quarter 64% Y-o-Y 37% Y-o-Y Half Year 77% Y-o-Y 40% Y-o-Y Investor Presentation | Q2 & H1 FY23 Results Update 15
Slide 17: Revenue Breakup
Revenue Breakup Segment Wise Breakup (%) Geographical Break up (%) Q2 FY 23 We dream… So we achieve… H1 FY 23 Investor Presentation | Q2 & H1 FY23 Results Update 16
Slide 18: Debt Profile
Debt Profile Long Term Debt (Incl. Short Term Debt Gross Debt Current Maturities) (₹ In Cr) (₹ In Cr) (₹ In cr) We dream… So we achieve… Debt Equity Ratio • Company achieved a 39% Y-o-Y increase in turnover. Maintained debt levels despite increase in turnover and challenging external environment • G
Slide 19: Key Developments FY23
Key Developments FY23 Expressway Project Mumbai – Sewage Disposal Mumbai – Hospital Project Project • Letter of Acceptance from lrcon • Letter of Acceptance from • Letter of Acceptance from International Ltd for a contract Brihanmumbai Municipal Brihanmumbai Municipal We dream… So we achieve… price
Slide 20: Order Book as on September 30, 2022
Order Book as on September 30, 2022 Segment Wise Break-up (%) Sub-segment wise Break-up (%) We dream… So we achieve… Geographical Break-up (%) Client wise Break-up (%) Investor Presentation | Q2 & H1 FY23 Results Update 19
Slide 21: Order Book Breakup as on September 30, 2022
Order Book Breakup as on September 30, 2022 Order Backlog Order Backlog Name of the Project Client Name Name of the Project Client Name (₹ Cr) (₹ Cr) Mumbai Metro Line-09-07A (CA48) MMRDA 1,461 Dwarka Expressway-Pkg-01 NHAI 690 Mumbai Metro Line-2B C101 MMRDA 983 Sewri Worli Elevated Connector MMRDA
Slide 22: Vision 2027 – Billion $ Company
Vision 2027 – Billion $ Company We dream… So we achieve… Investor can refer the Corporate Presentation for further information
Slide 23: Favorable Sector Outlook
Favorable Sector Outlook ₹ 111 trillion ₹ 1,91,300 mn Projected infrastructure investment under the Budget 2022 allocation for Metro Projects National Infrastructure Pipeline (NIP 2020-2025) We dream… So we achieve… ~ 600 million Indians ₹ ~1.99 trillion In next 10 years, ~600 Mn Indians will be Tot
Slide 24: Towards a Billion $ Revenue Company
Towards a Billion $ Revenue Company Growth Envisaged in ₹ 11,439 cr ₹ 20,000+ cr VISION Order Book Order book as on 2027 September 30, 2022 Expected Order Book in FY27 We dream… So we achieve… • Metro Projects • Flyover, Bridges & Roads Metro projects to be • STP, Sewerage & Water the major contribu
Slide 25: Strengthening Business, Organization & Governance
Strengthening Business, Organization & Governance Strengthening the Business Building the Organisation Reinforcing Governance • Larger Complex projects • Individual Profit Centers • Reconstituted the Board by • Segment Diversification • Centralised Planning & induction of new independent We dream… S
Slide 26: Key Strengths
Key Strengths Bidding Eligibility Larger Project Execution Timely Completion • Built Bidding capacity for larger projects • Undertaking & Execution of • Impeccable Track record of • Amongst Top 5 EPC players eligible to Large & complex projects completing complex projects undertake U/G Metro such as
Slide 27: Business Overview
Business Overview We dream… So we achieve…
Slide 28: Major Completed Projects
Major Completed Projects We dream… So we achieve… Mumbai Metro Line 2A Mumbai Metro Line 7 Delhi Underground Metro Delhi Elevated Metro Ahmedabad Metro ESIC Hospital Cum Medical College- Alwar Investor Presentation | Q2 & H1 FY23 Results Update 27
Slide 29: Major Completed Projects
Major Completed Projects We dream… So we achieve… JNPT - Mumbai Panjarapol Flyover Grant road Skywalk Amar Mahal Flyover Chheda Nagar Flyover Part 1 BKC- Chunabhatti Flyover Investor Presentation | Q2 & H1 FY23 Results Update 28
Slide 30: Major Ongoing Projects
Major Ongoing Projects We dream… So we achieve… Mumbai Underground Metro Line 3 Mumbai Metro Line 2B Pune Elevated Metro Mumbai Metro Line 4A Mumbai Metro Line 6 Pune Underground Metro 29 Investor Presentation | Q2 & H1 FY23 Results Update 29
Slide 31: Major Ongoing Projects
Major Ongoing Projects We dream… So we achieve… Chhedanagar Flyover Motagaon Creek Bridge Dwarka Expressway Kalwa Bridge Thane SCLR Flyover Sewri Worli Elevated 30 Investor Presentation | Q2 & H1 FY23 Results Update 30
Slide 32: Major Ongoing Projects
Major Ongoing Projects We dream… So we achieve… RML, Lucknow Vadodara Mumbai Expressway, IRCON Pune Riverfront 31 Investor Presentation | Q2 & H1 FY23 Results Update 31
Slide 33: Fleet of Modern Equipment
TBM Machine Dumper / Tipper Launching Girder Piling Machine RMC Plant Telscopic Crane Fleet of Modern Equipment Investor Presentation | Q2 & H1 FY23 Results Update Casting Yard Segment Rolling Straddle Carrier 32 We dream… So we achieve…
Slide 34: Strong Client Base
RAILWAYSStrong Client Base METRO & We dream… So we achieve… FLYOVER & BRIDGES CIVIL AND OTHERS UPRNNL Investor Presentation | Q2 & H1 FY23 Results Update 33
Slide 35: Management Overview
Management Overview We dream… So we achieve…
Slide 36: Experienced & Visionary Leadership
Experienced & Visionary Leadership We dream… So we achieve… Mr Kamal J Gupta Mr Jagdish Kumar Gupta Dr Nalin J Gupta Managing Director Executive Chairman Managing Director ➢ Bachelor in Civil Engineering, joined ➢ Commerce Graduate & Member ➢ 50+ years of experience in JKIL in 1996 having 26 years o
Slide 37: Independent Directors
Independent Directors Mr. Raghav Chandra Mr. Sidharath Kapoor Ms. Archana S. Yadav We dream… So we achieve… • Masters in Public Administration • Chartered Accountant (rank • Chartered Accountant with over 15 from Harvard University, USA. He is holder), CS and GAMP from ISB. years of experience. MSc.
Slide 38: Strong Focused Management Team
Strong Focused Management Team Mayank Kumar Jain Madan Biyani Ravindra M Kulkarni Head Transportation-Projects Chief Financial Officer Vice President -IT, Admin & HR We dream… So we achieve… Sudhakar Thorat Rajan Sharma Rajendra Sharma Head - Central Planning & Vice President - Projects Head - Proje
Slide 39: Detailed Financials
Detailed Financials We dream… So we achieve…
Slide 40: Profit & Loss
Profit & Loss Particulars (₹ In Cr) FY17 FY18 FY19 FY20 FY21 FY22 CAGR Revenue from Operations 1,604 2,051 2,787 2,971 2,571 3,527 17% Cost of Material Consumed 966 1,209 1,720 1,817 1,612 2,268 Employee Expenses 127 197 248 299 231 279 Other Expenses 261 324 383 426 416 475 We dream… So we achieve…
Slide 41: Key Financial Indicators
Key Financial Indicators Revenue from Operations ₹ Cr EBITDA ₹ Cr We dream… So we achieve… PAT ₹ Cr Cash PAT ₹ Cr Investor Presentation | Q2 & H1 FY23 Results Update 40
Slide 42: Revenue – Key Contributors
Revenue – Key Contributors METRO - UNDERGROUND (₹ cr) We dream… So we achieve… METRO - ELEVATED (₹ cr) Investor Presentation | Q2 & H1 FY23 Results Update 41
Slide 43: Revenue – Key Contributors
Revenue – Key Contributors We dream… So we achieve… FLYOVER & BRIDGES (₹ cr) ROADS & TUNNELS (₹ cr) CIVIL & OTHERS (₹ cr) Investor Presentation | Q2 & H1 FY23 Results Update 42
Slide 44: Strong Financial Metrics
Strong Financial Metrics Asset Turnover Ratio Working Capital Days We dream… So we achieve… ROE ROCE Investor Presentation | Q2 & H1 FY23 Results Update 43
Slide 45: Order Book as on March 31, 2022
Order Book as on March 31, 2022 Order Book (₹ crores) Order Inflow (₹ crores) We dream… So we achieve… Order Book to Sales (x) Investor Presentation | Q2 & H1 FY23 Results Update 44
Slide 46: Thank You
We dream… So we achieve… Thank You Company : Investor Relation Advisors: J. Kumar Infraprojects Ltd. Marathon Capital Advisory Pvt. Ltd. Ernst & Young LLP Mr. Madan Biyani Rahul Porwal - rahul@marathoncapital.in Mr. Vikash Verma – vikash.verma1@in.ey.com Chief Financial Officer Mr. Amit Porwal - ami
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