Psp Projects Ltd · NSE:PSPPROJECT
Psp Projects — Q3 FY18 Earnings Presentation
35 slides from Psp Projects's earnings presentation, February 2018
Slide 1: PSP Projects Limited Investor Presentation Q3FY18
PSP Projects Limited Investor Presentation - Q3FY18 February 2018
Slide 2: Financial Snapshot
FINANCIAL SNAPSHOT Result summary Q3 FY18 (Rs. Cr.) Revenue from operations EBITDA PAT 139.55 170.8 18.63 26.56 12.67 15.14 77.64 11.25 6.43 75.41 127% 181% 7.34 106% 9.44 Q3 FY17 Q3 FY18 Q3 FY17 Q3 FY18 Q3 FY17 Q3 FY18 Result summary 9M FY18 (Rs. Cr.) Revenue from operations EBITDA PAT 295.35466.15
Slide 3: Right Company, Right Place, Right Time
RIGHT COMPANY, RIGHT PLACE, RIGHT TIME. Multidisciplinary Design to Experience across Multiple and construction construction to allied industrial, concurrent project company offering a works to interior fit institutional, management diversified range of outs government, capability construction and g
Slide 4: PSP Projects
PSP PROJECTS 10 97 Years in Projects existence delivered 34 2,745 Projects under (Rs/cr) Order book as execution (as on 31st on 31st December December 2017) 2017
Slide 5: Capabilities
CAPABILITIES People ramp-up Plants, machinery IT investments Capability 15 in 2008 to more and vehicles Implemented SAP and Multiple project than 725 direct plus Invested Rs 78 cr in CANDY; enhanced location management 7000 contract assets for timely informed decision- employees project delivery mak
Slide 6: Marquee Project
Marquee Project Executing single-largest contract of Rs 1575# cr of Surat Diamond Bourse #Excluding GST Project tenure: 30 months
Slide 7: Preferred Choice
PREFERRED CHOICE Frugal cost Active promoter Track record of structure; involvement; timely projects enhanced enhanced client completion with competitiveness assurance committed quality Large and multiple Select choice of AVERAGE project margin-enhancing TICKET SIZE OF management projects PROJECTS c
Slide 8: Strengths
STRENGTHS Execution record: Robust orders: Experience: Financial Diverse projects Order book of Promoter strength: mix; completed Rs 2745 cr as on (Prahaladbhai A strong balance projects across 31st December Shivrambhai Patel) sheet helps in segments. 2017 (to be with 30+ years of successful project
Slide 9: Pillars of Success
Quality Build to last 1 Operating manuals are strictly followed Strict guidelines for materials used for construction Plant and machinery Owns state-of-the-art machinery 2 Captive equipment bank Imported machinery for external plaster, painting and formwork material among others PILLARS
Slide 10: Widening Horizons
WIDENING HORIZONS “ Focus on buildings construction Steady investment in people, Strong qualification capabilities to “ (commercial, equipment, participate in high- residential, technology and value projects Building is industrial and institutional) systems, strengthening business (worth Rs 400-500
Slide 11: Widening Horizons Contd… Work on hand Rs 2745 Cr
WIDENING HORIZONS Contd… - WORK ON HAND RS. 2745 CR 2.27% 3.44% 4.93% 0.98% 4.22% 8.32% 84.99% 90.85% Government Govt Residential Industrial Institutional Residential Gujarat Rajasthan Karnataka
Slide 12: Work on hand excluding Surat Diamond Bourse
WIDENING HORIZONS Contd… WORK ON HAND 1173.49 CR (EXCLUDING SURAT DIAMOND BOURSE PROJECT) 5.31% 8.04% 11.53% 2.29% 9.87% 19.46% 64.89% 78.60% Government Govt Residential Industrial Institutional Residential Gujarat Rajasthan Karnataka
Slide 13: Revenue break-up for 9M FY18
WIDENING HORIZONS Contd… – REVENUE BREAK-UP FOR THE 9M FY 18 – 466.15 CR 6.77% 4.84% 10.09% 20.69% 4.11% 1.45% 45.58% 25.51% 80.96% Government Govt Residential Industrial Institutional Residential Gujarat Rajasthan Karnataka Delhi
Slide 14: Expanding Horizon: One-Stop Buildings Construction Shop
EXPANDING HORIZON: ONE-STOP BUILDINGS CONSTRUCTION SHOP Extended to Now providing Complementary Commenced as Mechanical, complete solution alliances with Civil construction Engineering and – Design to major design firms contractor Plumbing (MEP) construction – one- and MEP and Interior stop shop con
Slide 15: Prominent Projects
PROMINENT PROJECTS Swarnim Sankul 1 & 2 Sabarmati River Front development Hospital, Residential Building and Medical Construction and interior work College for GCS Medical College, Hospital and Research Centre Zydus Hospitals Kaira District Co-operative Milk Producers’ Gujarat Housing Board,Naranpur
Slide 16: Pride-Enhancing Clientele
PRIDE-ENHANCING CLIENTELE Sabarmati Riverfront Development Corporation Limited, Cadila Healthcare Limited, Care Institute of Medical Sciences Limited (CIMS), Claris Injectables Limited, Emcure Pharmaceuticals Limited, Gelco Electronics Private Limited, GCS Medical College, Hospital and
Slide 17: Business Robustness in Numbers
BUSINESS ROBUSTNESS IN NUMBERS Revenue (Rs crore) EBIDTA (Rs crore) PAT (Rs crore) #CAGR% 12.23% #CAGR% 31.48% #CAGR% 35.44% 478.67 468.24 41.31 41.31 65.84 65.10 413.96 286.89 25.13 39.27 260.97 214.80 22.03 13.86 21.74 12.28 16.36 9.86 2018* 2013 2014 2015 2016 2017 2018* 2018* 2013 2014 2015 2016
Slide 18: Business Robustness in Numbers
2013 8.56% 2014 7.77% 2015 7.75% 2016 (*till 31st 8.57% December 2017) EBIDTA margin% 2017 16.43% 2018* 13.97% 2013 4.70% 2014 4.59% 2015 4.83% 2016 (*till 31st 5.37% PAT margin% December 2017) 2017 9.98% 2018* 8.63% 2013 0.49 BUSINESS ROBUSTNESS IN NUMBERS 2014 0.04 2015 0.03 2016 (*till 30th 0.04
Slide 19: Performance Highlights
PERFORMANCE HIGHLIGHTS No. of projects awarded Order book Average project ticket Employee strength (Rs crore) size (Rs crore) 116.59 2745 728 24 22 19 489 484 14 14 292 261 35.12 729.17 24.41 487.67 447.21 19.23 338.08 19.8 2018* 2018* 2018* 2018* 2014 2015 2016 2017 2014 2015 2016 2017 2014 2015 20
Slide 20: Sequential Quarterly Performance
SEQUENTIAL QUARTERLY PERFORMANCE 9M FY18 Standalone Profit & Loss Statement (Ind AS) (Rs. In Crores) Particulars Q3 FY18 Q2 FY18 Q3 FY17 Y-o-Y 9M FY18 9M FY17 Y-o-Y Revenue from Operations 170.80 139.55 75.41 127% 466.15 239.11 95% Cost of materials consumed including WIP 63.32 56.92 27.42 194.61 79
Slide 21: Experienced Management
EXPERIENCED MANAGEMENT Bachelor’s degree in civil engineering 30+ years of construction experience Featured in book ‘Business Game Changer: Shoonya se Shikhar’ by Prakash Biyani and Kamlesh Maheshwari, Received ‘The Dena Bank Hercules Prahaladbhai Award’ by Gujarat Innovation Society for innovation
Slide 22: Experienced Management contd…
EXPERIENCED MANAGEMENT contd… Mahesh Patel Maulik Patel Hetal Patel R.B.Parmar Pratik Thakkar Vice President – Director – Procurement Chief Financial Officer General Manger – Tender Sr. Manager – Business Operations Development Mahesh Patel is the Vice Maulik Patel is the Hetal Patel is the Chief Ra
Slide 23: Inflection Points in Our Journey
INFLECTION POINTS IN OUR JOURNEY 2008 2009 2009 2010 2011 2011 2012 2014 2014 Aug Apr Dec Jul Jan Dec Apr Apr Apr Incorporation Acquired the Opportunity to Commenced Awarded order to Awarded. Narendra SAP Started Design and Managing Director business of BPC construct Medical working on construct 72
Slide 24: Project Classification: Industrial and Institutional
PROJECT CLASSIFICATION 1 Industrial projects PROJECT CLASSIFICATION 2 Construction of industrial buildings for pharmaceutical plants, food processing units, engineering units as well as manufacturing Institutional Projects and processing facilities. Construction of buildings for hospitals and
Slide 25: Project Classification: Government Projects
PROJECT CLASSIFICATION 3 Government projects PROJECT Focus only on challenging and prestigious CLASSIFICATION 4 government projects Executed marquee projects (Swarnim Sankul Government residential projects 01 and 02 at Gandhinagar, Sabarmati Riverfront Development project works in Execution of
Slide 26: Project Classification: Residential Projects
PROJECT CLASSIFICATION 5 Residential projects Construction of buildings for group housing and townships Construction of independent residences for select private customers. 6 Number of residential projects executed
Slide 27: Certifications
CERTIFICATIONS ISO 9001:2008, ISO 14001:2004, OHSAS 18001:2007 Approved Contractor as ‘AA’ class and “Special Category–1 in Buildings Class” with Government of Gujarat Registered as ‘A’ class approved electrical contractor in Roads and Buildings Department, Government of Gujarat
Slide 28: Presence in the Emerging Sectors like Smart Cities
PRESENCE IN THE EMERGING SECTORS LIKE SMART CITIES Awarded 6 out 8 Complying with all projects in India’s the norms required first Smart City – for building Gift City in construction on Gandhinagar smart cities like green building norms among others Received contract for constructing Asia’s biggest
Slide 29: India. Leaping Giant.
INDIA. LEAPING GIANT. Sixth largest global Forex reserves US$400 Per capita income Rs Exports grew 11.52% ($ economy (nominal GDP bn (September 8, 2017) 103,219 (grew 9.7% over terms) in April-Sept 2017 US$2.454 tn, 2017) 2015-16) (over previous corresponding period) 66% of population in US$498 bn 3
Slide 30: India: Rapidly Increasing Construction Needs
INDIA: RAPIDLY INCREASING CONSTRUCTION NEEDS Growing Indian youth population (465 mn estimated, 2021) Growing middle-class population (300-350 mn estimated) 20 mn unit urban housing shortage* Focus on affordable housing by the Indian government - focus on ‘Housing for All’ Make in India (dri
Slide 31: India: Rapidly Increasing Construction Needs
INDIA: RAPIDLY INCREASING CONSTRUCTION NEEDS Significant healthcare segment investments - 3 million beds needed to achieve 3 beds / 1,000 people target by 2025 Commercial real estate supply in top Indian cities is expected to be at 40-50 mn sq. ft per year until 2020 Government announced eight
Slide 32: Opportunities
OPPORTUNITIES Simplified tax Single window structure like clearance for GST projects Construction Better FDI Make in India industry annual growth rate norms initiative attracting investments in manufacturing 3.95% 2012-16 4.16% 2017-2021
Slide 33: We End with a Big Picture Once Again…
WE END WITH A BIG PICTURE ONCE AGAIN… Independent India took just India likely to India took 60 seven emerge as a years to become subsequent US$7 tn a USD1 tn years for the next economy by economy trillion 2030 Growing India Companies that Companies like will need focused can building PSP Projects c
Slide 34: Safe Harbor Statement
SAFE HARBOR STATEMENT Statements in this ‘Presentation’ describing the Company’s objectives, estimates, expectations or predictions may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or imp
Slide 35: PSP Projects Ltd.
PSP Projects Ltd. ‘‘PSP House”, Opp. Celesta Courtyard, Opp. Lane of Vikramnagar Colony, Iscon-Ambli Road, Ahmedabad - 380058 P - +91 79 2693 6200/6300/6400 E – hetal@pspprojects.com I W – www.pspprojects.com