Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — Q4 FY20 Earnings Presentation
34 slides from Pnc Infratech's earnings presentation, Jun 26, 2020
Slide 1: Cover letter to stock exchanges
PNC lnfratech Limited An ISO 9001 .2015 Certified Company Ref No: PNC/SE/22 120-21 Date:26.06.2020 To. To, The Manager The Manager The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P.J. Towers, Exchange Plaza, Bandra Kurla Comp
Slide 2: Result Update Presentation – Q4 & FY20
PNC Infratech Limited Result Update Presentation – Q4 & FY20
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by PNC Infratech 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 securi
Slide 4: Key Highlights & Financials
1 Key Highlights & Financials PNC infratech 3
Slide 5: Key Highlights for Q4 FY20
Key Highlights for Q4 FY20 PAT Revenue EBITDA (Before Extra- +8% +3% ordinary item) +7% Revenue of Rs. 1,158 EBITDA of Rs. 156 crore PAT (Before Extra- crore in Q4 FY20 as in Q4 FY20 compared to ordinary item) is Rs. 79 compared to Rs. 1,076 Rs. 151 crore in Q4 FY19 crore in Q4 FY20 crore in Q4 FY19
Slide 6: Key Highlights for FY20
Key Highlights for FY20 Revenue EBITDA PAT +58% +67% +43% Revenue of Rs. 4,878 crore in FY20 as PAT of Rs. 462 crore in FY20 compared EBITDA of Rs. 764 crore in FY20 compared to Rs. 3,097 crore in FY19 to Rs. 324 crore in FY19 compared to Rs. 457 Crore in FY19 EBITDA Margin of 15.7% in FY20 Orderboo
Slide 7: Status of HAM Projects
Status of HAM Projects 2 laning with paved shoulders of Dausa- Lalsot- Kauthun section of Received PCOD on Jul-16 BPC - Rs. 881 crore NH-11 A (Extension) in the state of Rajasthan under NHDP IV 14th February 2020 6 laning Chitradurga - Davanagere including Chitradurga bypass, in Mar-17 BPC - Rs. 1,4
Slide 8: Order-book Details
2 Order-book Details PNC infratech 7
Slide 9: Robust Order-book of over Rs. 8,600 crore
Robust Order-book of over Rs. 8,600 crore ◼ Remaining value of contracts under execution of Rs. Remaining 8,629 crore as on March 31, 2020 Key EPC Projects Under Awarding Value Construction Authority ◼ The below order is not included in orderbook as on (Rs. Crores) March 31, 2020: Nagpur-Mumbai MSRD
Slide 10: Execution Status of Key Project
Execution Status of Key Project Project Project Type Execution Status Nagina-Kashipur EPC Appointed Date received and project is under-construction Koliwar-Bhojpur EPC Appointed Date received and project is under-construction Bhojpur-Buxar EPC Appointed Date received and project is under-constructio
Slide 11: Portfolio of Development Projects on PPP Mode
3 PORTFOLIO OF DEVELOPMENT PROJECTS ON PPP MODE PNC infratech 10
Slide 12: Sizeable Project Portfolio: Operational Projects
Sizeable Project Portfolio: Operational Projects PNC Share of Invested Total Debt as on % State / JV Kms / TPC Invested Grant Project Authority Type Equity Debt 31st Mar ‘20 Stake Stretch Partners Lanes (Rs. Crs) Amount (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Ghaziabad UP / SREI, 35%* NHAI
Slide 13: Asset Monetization Plan
Asset Monetization Plan ◼ Ghaziabad Aligarh Road Project ✓ The Company has entered into a Share Purchase Agreement (SPA) with Cube Highways and Infrastructure Pte. Ltd. for sale of 35% stake jointly held by the Company along with its wholly owned subsidiary, PNC Infra Holdings Limited in Ghaziabad A
Slide 14: Sizeable Project Portfolio: HAM Projects
Sizeable Project Portfolio: HAM Projects PNC Share of Invested Total Debt as on % State / Kms / TPC Invested Project Authority Status** Equity Debt 31st Mar ‘20 Stake Stretch Lanes (Rs. Crs) Amount (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Raj/ 83.45/ Dausa-Lalsot 100% NHAI PCOD 820 65 65 371 349 NH11
Slide 15: Annexure I – Summary Financials
4 Annexure I – Summary Financials PNC infratech 14
Slide 16: Standalone Profitability Statement – Q4 & FY20
Standalone Profitability Statement – Q4 & FY20 YoY Growth YoY Growth Rs. Crores Q4 FY20 Q4 FY19 FY20 FY19 (%) (%) REVENUE 1,157.95 1,075.71 8% 4,877.93 3,096.87 58% EBITDA 156.31 151.18 3% 764.32 457.34 67% EBITDA margin 13.5% 14.1% 15.7% 14.8% Other Income 15.94 12.26 88.48 43.04 Depreciation 32.36
Slide 17: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. Crores) Mar-20 Mar-19 EQUITY AND LIABILITIES (Rs. Crores) Mar-20 Mar-19 (1) NON-CURRENT ASSETS EQUITY (a) Property, plant & equipment 586.50 613.51 (a) Equity Share capital 51.31 51.31 (b) Capital work-in-progress 0.00 6.21 (b) Other equity 2,495.29 2,063.89 (c)
Slide 18: Consolidated Profitability Statement – Q4 & FY20
Consolidated Profitability Statement – Q4 & FY20 YoY Growth Particulars (Rs. Crores) Q4 FY20 Q4 FY19 FY20 FY19 (%) REVENUE 1,346.70 1,270.42 5,602.57 3,774.36 48% EBITDA 295.04 319.41 1,327.18 1,006.81 32% EBITDA margin 21.9% 25.1% 23.7% 26.7% Other Income 30.12 14.50 175.63 46.62 Depreciation 75.61
Slide 19: Segmental Revenue Break-up – Q4 & FY20
Segmental Revenue Break-up – Q4 & FY20 231.69 Q4 FY19 187.42 Q4 FY20 18% 14% 1,159.28 1,038.74 86% EPC Toll/Annuity 82% EPC Toll/Annuity FY19 756.95 FY20 716.57 14% 19% 3,057.79 4,845.63 81% 86% EPC Toll/Annuity EPC Toll/Annuity PNC infratech 18
Slide 20: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Crores) Mar-20 Mar-19 EQUITY AND LIABILITIES (Rs. Crores) Mar-20 Mar-19 (1) NON-CURRENT ASSETS EQUITY (a) Property, plant & equipment 591.08 616.70 (a) Equity Share capital 51.31 51.31 (b) Capital work-in-progress 0.00 6.21 (b) Other equity 2,502.95 1,973.08 1,
Slide 21: Net Working Capital Days - Standalone
Net Working Capital Days - Standalone 136 136 124 129 122 122 109 113 112 92 97 86 68 73 60 57 Mar/13 Mar/14 Mar/15 Mar/16 Mar/17 Mar/18 Mar/19 Mar/20 Debtors Net Working Capital PNC infratech 20
Slide 22: Annexure II – Company Overview
5 Annexure II – Company Overview PNC infratech 21
Slide 23: Introduction
Introduction Established track record of timely/early completion of projects Infrastructure construction, development and management company; expertise in execution of 1 projects including highways, bridges, flyovers, airport runways, industrial areas and transmission lines Executed 66 major infrast
Slide 24: Business Overview
Business Overview 01 02 03 04 05 06 Roads & Dedicated Roads & Industrial Area Power Highways BOT / Airport Runways Freight Corridor Highways EPC Development Transmission OMT/ HAM / Railways Completed first of Completed 43 Executed 20 airport its kind BOT annuity Design, Set up power infrastructure r
Slide 25: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) BOT Holdco for road and other infra projects PNC Bareilly Nainital Highways Private Limited (“PNCBNHPL”) 4 laning of the Bareilly-Almora section of SH 37 Ferrovia Transrail Solutions Private Limited (“FTSPL”) MP Highways Private Limited (“M
Slide 26: Integrated Business Model
Integrated Business Model ◼ Ownership of a fleet of modern equipment enables quick Equipment ◼ Controls the entire process from In-house Design mobilization besides ensuring conceptualization to Bank & Engineering continuous availability of critical commissioning of a given project equipment which h
Slide 27: Enhanced Execution Capability
Enhanced Execution Capability Man and Machine added to execute more projects ◼ Strengthening of In-house execution team with induction of engineers with strong technical knowledge ◼ Investments in Machinery over the years to augment and upgrade the execution capabilities Strong Credit Rating Enhance
Slide 28: Enhanced to augment & upgrade the execution
Enhanced to augment & upgrade the execution Rs. Crores - Capex addition 1,094 1,016 78 725 291 600 125 429 380 171 49 FY15 FY16 FY17 FY18 FY19 FY20 Present Capex will enable us to achieve a Turnover of Rs. 7,000-8,000 crores PNC infratech 27
Slide 29: Strong Credit Rating
Strong Credit Rating Assigned / Upgraded Reaffirmed Reaffirmed ◼ PNC Infratech Ltd. ◼ MP Highways Pvt. Ltd. ◼ PNC Triveni Sangam Highways Pvt. Ltd. ✓ Long term bank facilities stands at ✓ Long term bank facilities at CARE A; ✓ Assigned CARE A-; Stable (Single A CARE AA- (Double A Minus) Stable (Sing
Slide 30: Experienced Promoters
Experienced Promoters Mr. Pradeep Kumar Jain Mr. Naveen Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Chairman & Managing Promoter Managing Director & Managing Director Director CFO ◼ Over 39 years of experience ◼ Over 30 years of experience ◼ Over 29 years of experience ◼ Over 24 years o
Slide 31: Board of Directors
Board of Directors Mr. Pradeep Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Mr. Anil Kumar Rao Chairman & Managing Director Managing Director & CFO Managing Director Whole-time Director Mr. Talluri Raghupati Rao Mr. Krishan Kumar Jalan (IAS) Mr. Gauri Shankar Wholetime Director Independe
Slide 32: Clientele
Clientele > psiIpc Jpeida Delhi Stat dystal and Tfastrucure Developmen Upei of) saRTsUAR TAT Aw f =. Uttar Prad@h State Highways-Authority AY
Slide 33: Growth Strategy
Growth Strategy Diversification: ◼ Leveraging Strong Project Execution track record to diversify into new functional areas of infrastructure Diversification development ◼ Expand presence in development of industrial areas and dedicated freight corridor projects ◼ Diversify into waste management, wat
Slide 34: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : PNC Infratech Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L45201DL1999PLC195937 CIN: U74140MH2010PTC204285 Mr. D. K. Maheshwari Mr. Jigar Kavaiya Vice President - Finance Group Account Head +91-9920602034 dkm@pncinfrat