Gpt Infraprojects Limited · NSE:GPTINFRA
Gpt Infraprojects — Q1 FY20 Earnings Presentation
29 slides from Gpt Infraprojects's earnings presentation, August 2019
Slide 1: GPT Infraprojects Limited Investor Presentation August 2019
GPT Infraprojects Limited Investor Presentation | August 2019
Slide 2: Executive Summary
Executive Summary 2 End-To-End Solution Growth Visibility Track record of executing Healthy Order Book of ~Rs 17 End-to-end Turnkey Projects creating a bn, formingExecution ~3x FY19 revenue niche for itself Fiscal Discipline Bridge Building Expertise Railway Focused Indian Railways: Seeing Structura
Slide 3: Q1 FY20 Performance
Q1 FY20 Performance 3
Slide 4: Profit & Loss Highlights
Profit & Loss Highlights 4 Consolidated (Rs mn) Q1FY20 Q1FY19 y-o-y % Q4FY19 q-o-q % FY19 Revenue 1,416 1,462 -3.2 1,729 -18.1 5,776 Other income 10 68 -85.3 34 -70.2 144 Net Sales 1,426 1,530 -6.8 1,763 -19.1 5,920 Operating expenses 1,202 1,312 -8.3 1,596 -24.7 5,143 EBITDA 223 219 2.2 167 33.6 77
Slide 5: Segment-wise Break-up of Revenue
Segment-wise Break-up of Revenue 5 Revenue break-up : Q1FY20 Revenue break-up: FY19 Concrete Sleeper Concrete Sleeper 20% 23% Infrastructure Infrastructure 80% 77% 5
Slide 6: Order Book Updates
Order Book Updates 6 Order Intake (Rs mn) Unexecuted Order Book (Rs mn) 7,112 20,730 21,264 6,310 6,080 18,510 16,944 FY17 FY18 FY19 FY17 FY18 FY19 Q1FY20 Note: Additionally, L1 in orders worth Rs 2 bn (not included in the current order book) 6
Slide 7: Company at a Glance
Company at a Glance 7
Slide 8: GPT Infra | A Railway Focused Infrastructure Company
GPT Infra | A Railway Focused Infrastructure Company… 8 A Premier Infrastructure Company engaged in Civil Construction and Concrete Sleeper manufacturing for Railways With ~40 years of experience, GPT has developed Strong Project Execution Capabilities across the Value Chain Healthy Financials (FY19
Slide 9: Presence in two Business Segments
…Having Presence in two Business Segments: 9 Infrastructure Concrete Sleeper Commenced in the year 2004 Commenced in the year 1982 Bridge construction and Industrial Infrastructure Monoblock and Pre-Stressed Concrete Sleepers Order-book of Rs 16.1 bn (FY19) Order-book of Rs 2.3 bn (FY19) 9
Slide 10: Infrastructure | A Renowned Player for Integrated Solutions
1. Infrastructure | A Renowned Player for Integrated Solutions… 10 o Involved in civil engineering projects like construction of Roads, Bridges, Irrigation and Railway Systems, Urban-Transit and Industrial infrastructure o One of the only 3-4 companies which have constructed mega bridges for the Ind
Slide 11: Across Various Infrastructure Segments
...Across Various Infrastructure Segments... 11 Steel Girder Bridges ROBs / RUBs Railway Tracks Railway Tracks Transportation / Industrial Challenge Challenge Unconventional structure over electrified tracks on busy routes Massive volumes of steel fabrication & launching work for 4.6 km long bridge
Slide 12: Demonstrated Engineering Skills in Turnkey Projects
...Demonstrated Engineering Skills in Turnkey Projects 12 Barddhaman Cable-Stayed ROB Rail-cum-Road Ganga Bridge in Patna Boler Bazar Road Bridge (Completed ahead of schedule) (Longest Steel Bridge in India) (Construction of ‘Floating Caissons’) Challenge Challenge Challenge Unconventional structure
Slide 13: Concrete Sleeper | Among the Pioneers in India
2. Concrete Sleeper | Among the Pioneers in India… 13 o One of the first few companies in India to commence manufacturing of Concrete Design of Track Sleepers, in 1982 Superstructure o Currently, the total manufacturing capacity is ~20,00,000 units across India and Africa Manufacture Transfer Concre
Slide 14: Strong Track Record of Execution Capabilities
…With a Strong Track Record of Execution Capabilities 14 Timely Execution Vast Track record Track record of timely More15 Over than mn15MnSleepers delivery within sleepers delivered delivered till over thetill Targeted Costs date past ~40 years Plant set-up in Record Time 6 to 9 months Time taken to
Slide 15: Some of the Key Awards and Accolades
Some of the Key Awards and Accolades 15 01 03 05 03 Awarded as the Awarded the ‘Emerging Awarded ‘Certificate ‘Best Infrastructure India’ award in the of Excellence’ in Brand, 2016’ by The Infrastructure category Safety & Quality by Economic Times by ICICI Bank, in 2010 RVNL in 2016 02 04 06 Awarded
Slide 16: Growth Opportunities
Growth Opportunities 16
Slide 17: Indian Railways – Greater Thrust on Development in 5 years
Indian Railways – Greater Thrust on Development in 5 years… 17 Quantum of Leap in Expenditure Safety: Striving for ‘Zero Accident’ North-East Connectivity ✓ All Unmanned Level Crossings (UMLCs) Highest ever capex at Rs 1,602 bn for FY20 ✓ Entire network converted to Broad Gauge eliminated on the bro
Slide 18: Offers Significant Opportunity for GPT Infra
…Offers Significant Opportunity for GPT Infra… 18 Ongoing Eastern and Western DFCs (2,822 km) - ~11mn sleepers opportunity DFCC: Concrete Sleepers 3 new freight corridors (5,769 km rail tracks) - ~20 mn sleepers opportunity Setu Bharatam - Total cost of Rs 208 bn to construct of 208 ROBs/RUBs Bridge
Slide 19: Structural Reforms in the Indian Railways
…Along with Structural Reforms in the Indian Railways… 19 Empowering workforce for Ease of Doing Business Procurement Policies Talent Development Better Governance Empowerment down to Zonal Delegated GMs to approve divisions for tenders and E-reverse Auction for tenders > works fully National Rail &
Slide 20: Resulting in Increased Project Ordering Activity
…Resulting in Increased Project Ordering Activity… 20 GPT - Total order intake in FY19 was at Rs 5,860 mn… …Significant improvement in average Order Intake (Rs mn) Value 135% Scope of Work Client (Rs mn) Bridge sub-structure and ancillary work for new BG line at NE Railways 815 Jiribam to Imphal 6,2
Slide 21: Strengthening the Order-Book Position
…And, Strengthening the Order-Book Position 21 GPT – Order Book (Rs mn) at ~3x FY19 revenue… 20,730 18,510 18,360 16,500 12,460 Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Key projects under execution during the year Value Scope of Work Client (Rs mn) Steel girder bridges, foundation, substructure and protec
Slide 22: GPT Infra – Well Placed to Capture the Growth
GPT Infra – Well Placed to Capture the Growth… 22 Revenue (Rs mn) growth reflective of Timely Execution… …While keeping disciplined bidding: Hurdle of 13% margin 17% 15% 15% 16% 13% 5,920 5,371 852 5,124 5,154 777 768 778 663 3,971 FY15 FY16 FY17 FY18* FY19 FY15 FY16 FY17 FY18 FY19# * Impacted by GS
Slide 23: Led by an Experienced Team at the Helm
…Led by an Experienced Team at the Helm… 23 Dwarika Prasad Tantia Shree Gopal Tantia Atul Tantia Vaibhav Tantia Chairman Managing Director Executive Director & CFO Director & COO • With an experience of • 35 years experience in • Graduated Magna Cum • Graduated Summa Cum over 45 years, he leads infr
Slide 24: Independent Board of Directors
…Independent Board of Directors 24 Prasad Khandelwal Shankar Jyoti Deb Mamta Binani Sunil Patwari Independent Director Independent Director Independent Director Independent Director • Is a fellow member and • Holds a Bachelor’s • A fellow member and • Holds PGDM degree holds certificate of degree in
Slide 25: Financial Performance
Financial Performance 25
Slide 26: Historical Profit & Loss
Historical Profit & Loss 26 Consolidated (Rs mn) FY17 FY18 FY19 FY18 onwards, revenue is after adjusting for GST and Revenue 5,038 5,207 5,776 change in accounting policy Other income 116 164 144 relating to consolidation of Namibia joint venture Net Sales 5,154 5,371 5,920 Operating expenses 4,386
Slide 27: Historical Balance Sheet
Historical Balance Sheet 27 Liabilities (Rs Mn) Mar’17 Mar’18 Mar’19 Assets (Rs Mn) Mar’17 Mar’18 Mar’19 Share Capital 145 291 291 Fixed Assets incl. CWIP 1,450 1,476 1,290 Reserves 1,788 1,823 1,836 Shareholders' Funds 1,933 2,114 2,126 Investment in JV 291 292 273 Minority Interest 48 51 48 Other
Slide 28: Safe Harbour
Safe Harbour 28 • This presentation and the accompanying slides (the “Presentation”), which have been prepared by GPT Infraprojects Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 29: GPT Infraprojects Limited Contact
GPT Infraprojects Limited( BSE CODE : 533761 / NSE CODE : GPTINFRA) Atul Tantia atul@gptgroup.co.in Stellar IR Advisors Pvt. Ltd. (Investor Relations) Gaurang Vasani Pooja Sharma vgaurang@stellar-ir.com pooja.sharma@stellar-ir.com GPT Infraprojects Limited CIN: L20103WB1980PLC032872 GPT Centre, JC-2