Ircon International Ltd. · NSE:IRCON

Ircon International — H1 FY24 Earnings Presentation

25 slides from Ircon International's earnings presentation, Nov 9, 2023

  1. Slide 1: Intimation of Investor Presentation Q2 & H1FY24

    इरकॉन इं टरनेशनल िलिमटे ड (भारत सरकार का उप म) IRCON INTERNATIONAL LIMITED (A Govt. of India Undertaking) An integrated Engineering and Construction Company IRCON/SECY/STEX/124 9th November, 2023 BSE Limited National Stock Exchange of India Limited Listing Dept./ Dept. of Corporate Services Listing

  2. Slide 2: Ircon International Limited Analyst Presentation Q2 & H1 FY24

    Ircon International Limited Analyst Presentation Q2 & H1 FY24 9th November 2023

  3. Slide 3: Safe Harbour

    SAFE HARBOUR No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the

  4. Slide 4: Contents

    Contents 01 Functional Directors 02 Key Financial Highlights (Consolidated) 03 Key Financial Highlights (Standalone) 04 Group Financial Performance 05 Standalone Financial Performance 06 Order Book 3

  5. Slide 5: Functional Directors

    Bhd ee Oo ee Oe OR AS Px ag 2 ~, SR, Sed BAIA TIS eats cit PASO AVA NAUINANA STANIANUAN — Slat aR a. a i re Functional Directors

  6. Slide 6: Functional Directors

    Functional Directors Shri Brijesh Kumar Gupta Chairman & Managing Director (Additional Charge) • Holds BE in Civil Engineering from Jiwaji University, Gwalior and PG degree in applied mechanics from IIT, Delhi. • Belongs to IRSE and is Additional Member (Civil Engg.), Railway Board. • Has experience

  7. Slide 7: Key Financial Highlights (Consolidated)

    02 Key Financial Highlights (Consolidated) 6

  8. Slide 8: Consolidated Financial Highlights – Q2FY24 (Y-o-Y) Revenue

    SAFE HARBOUR Consolidated Financial Highlights – Q2FY24 (Y-o-Y) Revenue 3500 3136 2987 3000 • Achieved highest ever turnover in 2nd 2500 2306 2239 quarter in Q2FY24. 2000 • Operating Revenue grew by 33.4% in 1500 Q2FY24. 1000 • Total Revenue increased by 36.0% in 500 Q2FY24. 0 Q2FY23 Q2FY24 Operatin

  9. Slide 9: Consolidated Financial Highlights – Q2FY24 (Y-o-Y) Profit

    SAFE HARBOUR Consolidated Financial Highlights – Q2FY24 (Y-o-Y) Profit 450 392 400 • Profit after Tax grew by 44.0% in 350 300 277 Q2FY24. 251 250 • EBITDA increased by 41.7% in 200 174 Q2FY24. 150 100 • EBITDA margin stood at 12.51% in 50 Q2FY24. 0 Q2FY23 Q2FY24 PAT EBITDA EBITDA = PBT + Finance Co

  10. Slide 10: Consolidated Financial Highlights – Q2FY24 (Q-o-Q)

    SAFE HARBOUR Consolidated Financial Highlights – Q2FY24 (Q-o-Q) Revenue Profit 3200 450 3136 392 400 3100 350 2987 315 3000 300 251 2900 250 2828 200 187 2800 2717 150 2700 100 2600 50 2500 0 Q1FY24 Q2FY24 Q1FY24 Q2FY24 Operating Revenue Total Revenue PAT EBITDA EBITDA = PBT + Finance Cost + Depreci

  11. Slide 11: Consolidated Financial Highlights – H1FY24

    SAFE Consolidated HARBOUR Financial Highlights – H1FY24 Revenue Profit 7000 800 708 5965 700 6000 5704 600 5000 515 4241 4374 500 4000 438 400 3000 319 300 2000 200 1000 100 0 0 H1FY23 H1FY24 H1FY23 H2FY24 Operating Revenue Total Revenue PAT EBITDA EBITDA = PBT + Finance Cost + Depreciation & Amorti

  12. Slide 12: Key Financial Highlights (Standalone)

    03 Key Financial Highlights (Standalone) 11

  13. Slide 13: Standalone Financial Highlights – Q2FY24 (Y-o-Y) Revenue

    SAFE HARBOUR Standalone Financial Highlights – Q2FY24 (Y-o-Y) Revenue 3022 • Achieved highest ever turnover in 2nd Q2FY24 2884 quarter in Q2FY24. • Operating Revenue grew by 36.2% in Q2FY24. 2201 Q2FY23 • Total Revenue increased by 37.3% in 2117 Q2FY24. 0 500 1000 1500 2000 2500 3000 3500 Total Reve

  14. Slide 14: Standalone Financial Highlights – Q2FY24 (Y-o-Y) Profit

    SAFE HARBOUR Standalone Financial Highlights – Q2FY24 (Y-o-Y) Profit 311 • Profit after Tax grew by 29.4% in Q2FY24 230 Q2FY24. • EBITDA increased by 33.8% in Q2FY24. 233 Q2FY23 178 • EBITDA margin stood at 10.30% in Q2FY24. 0 50 100 150 200 250 300 350 EBITDA PAT EBITDA = PBT + Finance Cost + Depre

  15. Slide 15: Standalone Financial Highlights – Q2FY24 (Q-o-Q)

    SAFE HARBOUR Standalone Financial Highlights – Q2FY24 (Q-o-Q) Revenue Profit 3022 311 Q2FY24 Q2FY24 2884 230 2693 238 Q1FY24 Q1FY24 2626 162 2400 2500 2600 2700 2800 2900 3000 3100 0 50 100 150 200 250 300 350 Total Revenue Operating Revenue EBITDA PAT EBITDA = PBT + Finance Cost + Depreciation & Am

  16. Slide 16: Standalone Financial Highlights – H1FY24

    SAFE HARBOUR Standalone Financial Highlights – H1FY24 (Q-o-Q) Revenue Profit 5716 550 H2FY24 H2FY24 5509 392 4158 400 H1FY23 H1FY23 4014 301 0 1000 2000 3000 4000 5000 6000 7000 0 100 200 300 400 500 600 Total Revenue Operating Revenue EBITDA PAT EBITDA = PBT + Finance Cost + Depreciation & Amortisa

  17. Slide 17: Group Financial Performance

    04 Group Financial Performance 16

  18. Slide 18: Income Statement (Consolidated – Q2FY24)

    Income Statement (Consolidated – Q2FY24) Particulars (INR Crore) Q2-FY24 Q1-FY24 Q-o-Q (%) Q2-FY23 Y-o-Y (%) Operating Revenue 2986.83 2717.15 9.93% 2238.85 33.41% Total Expenses (Excl. Depreciation & 2771.15 2508.36 10.48% 2043.29 35.62% Finance Cost) Core EBITDA 242.87 204.38 18.83% 209.92 15.70%

  19. Slide 19: Income Statement (Consolidated – Annual)

    Income Statement (Consolidated – Annual) Particulars (INR Crore) FY23 FY22 Y-o-Y (%) Operating Revenue 10367.93 7379.67 40.5% Total Expenses (Excl. Depreciation & Finance Cost) 9664.79 6800.11 42.1% Core EBITDA 734.58 639.50 14.9% Core EBITDA Margins (%) 7.09% 8.67% (158 bps) Depreciation 107.46 95.

  20. Slide 20: Standalone Financial Performance

    05 Standalone Financial Performance 19

  21. Slide 21: Income Statement (Standalone – Q2FY24)

    Income Statement (Standalone – Q2FY24) Particulars (INR Crore) Q2-FY24 Q1-FY24 Q-o-Q (%) Q2-FY23 Y-o-Y (%) Operating Revenue 2883.64 2625.64 9.83% 2117.21 36.20% Total Expenses (Excl. Depreciation & 2711.10 2454.87 10.44% 1968.00 37.76% Finance Cost) Core EBITDA 172.54 170.77 1.04% 149.21 15.64% Cor

  22. Slide 22: Income Statement (Standalone – Annual)

    Income Statement (Standalone – Annual) Particulars (INR Crore) FY23 FY22 Y-o-Y (%) Operating Revenue 9921.20 6910.15 43.6% Total Expenses (Excl. Depreciation & Finance Cost) 9337.91 6540.08 42.8% Core EBITDA 583.29 370.07 57.60 Core EBITDA Margins (%) 5.88% 5.36% 52 bps Depreciation 37.73 27.49 37.3

  23. Slide 23: Order Book

    06 Order Book 22

  24. Slide 24: Order Book (as on 30.09.2023)

    Order Book (as on 30.09.2023) Segment Geography Mode of Award 6535 1966 (6.1%) 2642 (8.2%) VENUS 30% (20.3%) MARS 60% 15228 (47.4%) 16925 (52.6%) 23651 (73.6%) 29510 MERCURY (91.8%) Railways Highways Others Domestic International Bidding Nomination • Strong Order Book of Rs.32,152 crore as on 30.09.

  25. Slide 25: Thank You

    Thank You For Further Information: Mr. B. Mugunthan Mr. Sachin Garg Chief Financial Officer DGM/Finance/IR Ircon International Ltd. Ircon International Ltd. Tel: 011-26530459 011-26545368 E-mail: mugunthan@ircon.org sachin.garg@ircon.org 24

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