H.g. Infra Engineering Ltd. · NSE:HGINFRA
H.g. Infra Engineering — H1FY22 Earnings Presentation
27 slides from H.g. Infra Engineering's earnings presentation, Nov 9, 2021
Slide 1: Exchange filing cover letter for investor presentation
CIN : L45201 PIJ2003PLC018049 HGIELI We Make People Move ... November 09, 2021 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 Scrip Symbo
Slide 2: Strong performance, Stronger outlook
H.G. Infra Engineering Ltd. Strong performance, Stronger outlook Investor Presentation Q2 & H1FY22
Slide 3: Agenda
Agenda 1 Q2 & H1FY22 Financial Highlights Q2 & H1FY22 Operational & Project 2 Highlights 3 Stronger outlook strengthened by opportunities 4 Historical Financial Highlights
Slide 4: Q2 & H1FY22 Financial Highlights
Q2 & H1FY22 Financial Highlights
Slide 5: Q2 & H1FY22 standalone financial highlights
Q2 & H1FY22 standalone financial highlights Revenue (Rs Mn) EBITDA (Rs Mn) & EBITDA Margin (%) PAT (Rs Mn) & PAT Margin (%) Quarter Highlights 7,496 16.5% 16.3% 7.0% 9.3% 698 1,218 4,674 60% 58% 114% 769 327 Q2FY21 Q2FY22 Q2FY21 Q2FY22 Q2FY21 Q2FY22 Revenue (Rs Mn) EBITDA (Rs Mn) & EBITDA Margin (%)
Slide 6: Standalone profit & loss statement
Standalone profit & loss statement Rs Mn Q2FY22 Q2FY21 YoY H1FY22 H1FY21 YoY Revenue from operations 7,496 4,674 60.4% 16,613 7,653 117.1% Cost of material consumed 3,896 2,446 8,463 3,853 Contract and site expenses 1,984 1,150 4,653 1,965 Employee expenses 311 259 621 482 Other expenses 87 50 172 9
Slide 7: Standalone balance sheet
Standalone balance sheet Rs Mn Sep’21 Mar’21 Rs Mn Sep’21 Mar’21 Share Capital 652 652 Fixed Assets incl. CWIP 4,804 4,813 Reserves 11,204 9,670 Other Financial Assets 2,923 2,771 Shareholders' Funds 11,856 10,322 Other Non Current Assets 149 181 Secured Loans 768 945 Total Non-Current Assets 7,876
Slide 8: Consolidated profit & loss statement
Consolidated profit & loss statement Rs Mn Q2FY22 Q2FY21 YoY H1FY22 H1FY21 YoY Revenue from operations 7,816 4,833 61.7% 17,230 7,952 116.7% Cost of material consumed 3,896 2,446 8,463 3,853 Contract and site expenses 1,990 1,152 4,663 1,973 Employee expenses 316 262 630 488 Other expenses 103 66 20
Slide 9: Consolidated balance sheet
Consolidated balance sheet Rs Mn Sep’21 Mar’21 Rs Mn Sep’21 Mar’21 Share Capital 652 652 Fixed Assets incl. CWIP 4,810 4,818 Reserves 11,675 9,974 Other Financial Assets 6,802 4,241 Shareholders' Funds 12,327 10,626 Other Non Current Assets 297 311 Secured Loans 6,854 5,570 Total Non-Current Assets
Slide 10: Debt breakup
Debt breakup Consolidated Debt Breakup Standalone Debt Breakup 30% 31% 69% 70% Standalone Debt Project Debt Term Loan Working Capital Rs Mn Sep-21 Rs Mn Sep-21 Standalone debt 2,738 Term loan + current maturities* 1,888 Project debt 6,488 Working capital 850 Total consolidated debt 9,226 Total stand
Slide 11: Boosting financial robustness through healthy balance sheet
Boosting financial robustness through healthy balance sheet Net Working Capital (Days) Debt to Equity (x) Debtor Days Inventory Days Creditor Days 0.75 52 Days 46 Days 41 Days 33 Days 21 Days 0.58 95 91 88 0.45 79 69 69 64 0.28 52 51 51 49 46 0.23 45 42 36 FY18 FY19 FY20 FY21 H1FY22 ✓ Debtor days =
Slide 12: Q2 & H1FY22 Operational & Project Highlights
Q2 & H1FY22 Operational & Project Highlights
Slide 13: Recent developments
Recent developments ▪ Awarded PWD project in the State of Rajasthan in the month of Sept’21 - Development and maintenance of sections of SH26A, SH7E and SH115 of Beawar Masuda through PPP Projects Awarded Bid Project Cost – Rs 4,481 Mn ▪ Awarded 2 HAM projects in the State of Odisha in the month of
Slide 14: Robust and well diversified order book
Robust and well diversified order book Awarding Completion Progress Unexecuted Value Private Project Project Status Authority as on 30th Sept’21 (Rs Mn) 16% Karala-Kanjhawala UER NHAI Under Execution ~1% 12,417 Client type break- Delhi Vadodara Pkg-9 NHAI Under Execution 32% 7,972 up Mancherial - Re
Slide 15: An expanding portfolio of HAM projects
An expanding portfolio of HAM projects Physical Grant Total Invested Debt as on Awarding BPC Progress on Project State Kms Lanes Amount Debt Equity 30th Sep ‘21 authority (Rs. Mn) 30th Sep ’21 (Rs. Mn) (Rs. Mn) (Rs. Mn) (Rs. Mn) (%) Gurgaon-Sohna NHAI Haryana 12.7 6,060 2,424 2,879 656 2,110 91% (Ra
Slide 16: Status of new projects
Status of new projects Project BPC LOA Project State Agreement Signed Status of Land Appointed Date Type (Rs Mn) Received ~95% land is Declared w.e.f. Karala-Kanjhawala UER Delhi EPC 13,931 23rd July 2021 8th Sept 2021 available 28th Oct 2021 ~70% land is Raipur Visakhapatnam AP-1 Andhra Pradesh HAM
Slide 17: Stronger outlook strengthened by opportunities
Stronger outlook strengthened by opportunities
Slide 18: Moving forward in our growth journey..
Moving forward in our growth journey.. Phase I (2008-2012) Phase II (2013-2017) Phase III (2018-2021)… ...& beyond Subcontractor with major Upcoming prime contractor Leading road developer with experience in 1 state starting contracts with NHAI pan India presence Capabilities PWD/ Civil construction
Slide 19: Tapping opportunities beyond road
Tapping opportunities beyond road Railways & Metro Water Infrastructure Airports • A National Rail Plan was introduced to develop • In 2019, the Jal Jeevan Mission was introduced • The Udaan Scheme was introduced in 2017 to capacity, infrastructure and enhance rail freight for the purpose of augment
Slide 20: Historical Financial Highlights
Historical Financial Highlights
Slide 21: Robust execution capabilities reflected in strong growth in revenue and order book
Robust execution capabilities reflected in strong growth in revenue and order book Revenue (Rs Mn) Order Book (Rs Mn) and Book to Bill (x) 22.0% CAGR 15.2% CAGR 71,028 70,400 25,275 62,223 21,961 20,098 46,071 13,927 3.3 3.1 3.2 2.8 FY18 FY19 FY20 FY21 Mar'18 Mar'19 Mar'20 Mar'21 Timely execution of
Slide 22: Strong repository of asset base enabling efficient execution
Strong repository of asset base enabling efficient execution Gross Block (Rs Mn) Fixed Asset Turnover (x) 7,913 7,602 6,898 5.2 6,106 4.5 4.6 4.6 4,897 30th September 2021 Mar'18 Mar'19 Mar'20 Mar'21 Mar'18 Mar'19 Mar'20 Mar'21 Invested ~Rs 2,705 Mn in plant and machinery in last 3 years Fleet of mo
Slide 23: Coupled with rich resource pool of skilled and talented workforce
Coupled with rich resource pool of skilled and talented workforce No. of Employees Employee Expense (% of revenue) 4,600 4,018 5.9% 5.9% 6.0% 5.5% 3,570 3,171 Mar'18 Mar'19 Mar'20 Mar'21 Mar'18 Mar'19 Mar'20 Mar'21 ✓ Employees include full time employees as well as manpower service ✓ Employee expens
Slide 24: Delivering value through a disciplined approach
Delivering value through a disciplined approach EBITDA (Rs Mn) and Margin (%) PAT (Rs Mn) and Margin (%) 4,107 2,110 3,419 27% Return on Capital 1,657 3,032 Employed FY21 1,236 8.3% 2,081 16.2% 7.5% 15.6% 842 15.1% 14.9% 6.1% 6.0% 20% Return on Equity FY21 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 Sta
Slide 25: Standalone profit & loss statement
Standalone profit & loss statement (Rs mn) FY21 FY20 FY19 Revenue from operations 25,275 21,961 20,098 Cost of material consumed 11,857 8,926 8,919 Contract and site expenses 7,952 8,137 6,665 Employee expenses 1,093 1,114 1,191 Other expenses 267 365 291 Total Operating expenses 21,168 18,542 17,06
Slide 26: Consolidated profit & loss statement
Consolidated profit & loss statement (Rs mn) FY21 FY20 FY19 Revenue from operations 26,023 22,171 20,145 Cost of material consumed 11,857 8,926 8,919 Contract and site expenses 7,967 8,158 6,666 Employee expenses 1,108 1,123 1,194 Other expenses 334 413 320 Total Operating expenses 21,266 18,620 17,
Slide 27: 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
H.G. Infra Engineering — H1FY22 Earnings Presentation on 6ix