H.g. Infra Engineering Ltd. · NSE:HGINFRA

H.g. Infra Engineering — Q4 FY23 Earnings Presentation

23 slides from H.g. Infra Engineering's earnings presentation, May 10, 2023

  1. Slide 1: Cover letter to stock exchanges: Investor Presentation Q4 & FY23

    CIN : L45201RJ2003PLC018049 May 10. 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers. Exchange Plaza. C-1, Block-G, Dalal Street. Bandra Kurla Complex, Bandra (East), Mumbai- 400 001 Mumbai- 400 051 Scrip Code- 541019/ 973671 Scrip Symbol- HGINFRA Dear Sir/Madam. S

  2. Slide 2: H.G. Infra Engineering Limited Q4 & FY23 Investor Presentation

    H.G. Infra Engineering Limited Q4 & FY23 Investor Presentation 1

  3. Slide 3: Significant Events

    First Time Significant for H.G Infra Order Book Diversification beyond Roads and Highways Order Book Increased to 12,700+ Mn HAM Monetization and sale of 4 SPVs at 1.55x PB Significant Events “Ganga Expressway”- H.G Infra’s Largest Project in terms of value 49,709 Mn (EPC) and length 151.70 Km Marke

  4. Slide 4: Company Overview

    Company Overview LeadingRoad/ Highway ConstructionCompany Pan India Presence (Incorporation) North 53% 20 20 12 11 100% South 19% Years of execution Active Projects HAM Projects States India East 26% West 1% StrongGrowth Trajectory RobustBusinessModel 26% 28% 38% 2500+ Multiple Revenue CAGR EBITDA C

  5. Slide 5: One of the Fastest growing EPC Companies

    One of the Fastest growing EPC Companies Revenue (Rs Mn) 1,40,000 Order Book (Rs Mn) 1,27,663 50,000 26.0% 22.6% 44,185 1,20,000 45,000 5 Year CAGR 5 Year CAGR 40,000 1,00,000 36,152 35,000 79,729 80,000 71,028 70,400 30,000 25,350 62,223 25,000 60,000 21,961 20,098 20,000 40,000 15,000 10,000 20,00

  6. Slide 6: Profitability Growth Outpacing Revenue Growth

    Profitability Growth 5 Outpacing Revenue Growth EBITDA (Rs Mn) and EBITDA MARGIN (%) PAT (Rs Mn) & PAT MARGIN (%) ROCE & ROE (%) 8,000 16.5% 27.8% 9.4% 9.5% 33% 4,500 38.0% 10.0%32% 7,000 5 Year CAGR 30% 16.2% 16.1% 5 Year CAGR 9.0% 4,000 16.0% 28% 28% 6,000 7.5% 8.3% 8.0% 3,500 16.4% 5,000 7.0% 25%

  7. Slide 7: Strong Repository of Assets Promoting Efficiencies

    Strong Repository of Assets Promoting Efficiencies Gross Block (Rs Mn) Net Fixed Asset Turn Over (X) 12,000 9 10,336 8 7.8 7.7 10,000 7 8,077 8,000 7,602 6 6,898 5.2 6,106 5 4.5 4.6 4.6 6,000 4,897 4 4,000 3 2 2,000 1 0 0 FY18 FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22 FY23 Fleet of modern co

  8. Slide 8: Healthy Balance Sheet

    Healthy Balance Sheet Net Working Capital (Days) Debt to Equity (x) 0.58 Debtor Days Inventory Days Creditor Days 46 41 33 31 23 Days Days Days Days 0.45 Days 95 91 88 0.28 0.28 79 77 0.23 69 69 64 54 49 46 45 42 36 36 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23  Debtor days = Average Trade R

  9. Slide 9: Q4 & FY23 Financial Highlights

    Q4 & FY23 Financial Highlights 8

  10. Slide 10: Consistent Standalone Financial Performance

    Consistent Standalone Financial Performance Revenue EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) Quarter Highlights 15.3% 16.2% 8.9% 10.0% 14,696 43.2% 2377 10,259 1477 51.6% 1,568 62.1% 911 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Full Year Highlights 16.2% 16.1% 9.4% 9.5% 44,185 36,152 22.2% 2

  11. Slide 11: Standalone Profit & Loss Statement

    Standalone Profit & Loss Statement All figures in INR Million Particulars Q4FY23 Q4FY22 YoY FY23 FY22 YoY Revenue from operations 14,696 10,259 43.2% 44,185 36,152 22.2% Cost of material consumed 6,853 5,066 21,435 17,919 Contract and site expenses 4,509 3,204 13,040 10,763 Employee expenses 628 335

  12. Slide 12: Consolidated Profit & Loss Statement

    Consolidated Profit & Loss Statement All figures in INR Million Particulars Q4FY23 Q4FY22 YoY FY23 FY22 YoY Revenue from operations 15,354 10,647 44.2% 46,220 37,514 23.2% Cost of material consumed 6,853 5,066 21,435 17,919 Contract and site expenses 4,544 3,209 13,107 10,782 Employee expenses 634 3

  13. Slide 13: Standalone Balance Sheet

    Standalone Balance Sheet All figures in INR Million Particulars Mar'23 Mar'22 Particulars Mar'23 Mar'22 Share Capital 652 652 Fixed Assets incl. CWIP 6,931 4,494 Reserves 17,133 12,992 Other Financial Assets 7,916 3,892 Shareholders' Funds 17,785 13,644 Other Non Current Assets 376 242 Secured Loans

  14. Slide 14: Consolidated Balance Sheet

    Consolidated Balance Sheet All figures in INR Million Particulars Mar'23 Mar'22 Particulars Mar'23 Mar'22 Share Capital 652 652 Fixed Assets incl. CWIP 6,933 4,499 Reserves 18,556 13,708 Other Financial Assets 15,900 10,333 Shareholders' Funds 19,208 14,360 Other Non Current Assets 1,241 1,292 Secur

  15. Slide 15: Debt Breakup

    Debt Breakup Consolidated Debt Breakup- March 23 Standalone Debt Breakup - March 23 8% 26% 19% 73% 74% Standalone Debt Project Debt Term Loan NCD Working Capital Consolidated Debt Break-up Mar’23 Mar’22 Mar’21 Standalone Debt Break-up Mar’23 Mar’22 Mar’21 Standalone debt 5,037 3,147 2,890 Term loan

  16. Slide 16: Q4 & FY23 Operational Highlights

    Q4 & FY23 Operational Highlights 15

  17. Slide 17: Other Projects update during FY23: Projects Awarded

    Other Projects update during FY23 Project Awarded Details of LOA issued after 01.04.2022 S. No. Project Name LOA issued on Construction of 6 - Lane Greenfield Karnal Ring Rd starting from NH44 near Vill Shamgarh ( Design Km 0+00) and 1. terminating at Karnal Munak Road (MDRI115) Vill Samalakhal (Des

  18. Slide 18: Other Projects update during FY23: COD received

    Other Projects update during FY23 Details of COD issued after 01.04.2022 S. No. Project Name COD received Construction of Eight Lane access controlled Expressway starting near Start of RoB near junction with NH-11A to 1. Junction with MDR-1 (Baonli-Jhalai road) (Ch. 214.260 - 247.310) section of Del

  19. Slide 19: Well diversified order book as on 31st March 2023

    Well diversified order book as on 31st March 2023 Awarding % Order book Project Type Authority Completion 31.03.2023 Highway Projects from Government Clients Karnal Munak Road Highway-HAM NHAI 0.10% 8,493 Varanasi Ranchi Kolkata Highway P 10 Highway-HAM NHAI 0.00% 11,100 Private Client type break-up

  20. Slide 20: An expanding portfolio of HAM projects

    An expanding portfolio of HAM projects All figures in INR Million Total Invested Debt as on Awarding Kms Grant Amount (Rs. Project State BPC (Rs. Mn) Debt(Rs. Equity( Rs. 31st Mar ‘23 authority Lanes Mn) Mn) Mn) (Rs. Mn) Gurgaon-Sohna NHAI Haryana 12.72 6,060 2,424 2,879 729 2,645 Rewari Ateli Mandi

  21. Slide 21: Status of New Projects

    Status of New Projects Project BPC LOA % of Land Name of Projects State Agreement Signed Appointed Date Type (Rs Mn) Received Available Ganga Expressway Uttar Pradesh EPC 49,709 06th June 2022 27th June 2022 ~92% Declared on 3rd Nov 2022 Khammam Devarapalle Pkg-1 Telangana HAM 7,721 15th Sept 2021 2

  22. Slide 22: Disclaimer

    Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by HG Infra Engineering 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 s

  23. Slide 23: Thank You

    Thank You Company Contact: Rajeev Mishra (CFO) rajeev.mishra@hginfra.com III Floor, Sheel Mohar Plaza, A-1, Tilak Marg, C- Scheme, Jaipur - 302001 Investor Relations Contact: Sana Kapoor Go India Advisors sana@GoIndiaAdvisors.com M:+91 81465 50469 Sheetal Khanduja Go India Advisors sheetal@GoIndiaAd

H.G. Infra Engineering — Q4 FY23 Earnings Presentation on 6ix