Vascon Engineers Limited · NSE:VASCONEQ

Vascon Engineers — FY2017 Earnings Presentation

21 slides from Vascon Engineers's earnings presentation, May 30, 2017

1. Slide 1: Exchange filing cover letter: Presentation Update

   Date: May 30, 2017 To, To, National Stock Exchange of India Limited, BSE Limited, Listing Department, The Department of Corporate Services Exchange Plaza, Department of Corporate Services Bandra (E), Mumbai – 400 051 Mumbai 400 001 Ref Symbol: VASCONEQ Ref: Scrip Code: 533156 Subject: Presentation U

2. Slide 2: Vascon Engineers Limited - Result Update Presentation FY 2017

   Vascon Engineers Limited Heading towards better future... Result Update Presentation FY 2017

3. Slide 3: Disclaimer

   Disclaimer  This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vascon Engineers 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 sec

4. Slide 4: Agenda

   Agenda 1 Key Updates & Financial Highlights 2 Fund Raising Details & Rationale 3 Focus Area & Business Plan 3

5. Slide 5: Key Updates

   Key Updates  EPC business  Order Book stands at Rs. 5,150 mn as on 31st March 2017  Received long outstanding of Rs 400 mn from Tamil Nadu Medical College project  Real Estate business  New Sale booking of 101,935 sqft for a total value of Rs. 601 mn in FY17  Clean Room Partitions & BMS (GMP T

6. Slide 6: Consolidated Profit & Loss Highlights – FY17

   Consolidated Profit & Loss Highlights – FY17 Particulars (Rs. Mn) FY17 FY16 Revenue 4,964 5,880 Other Income 580 268 Total Income 5,544 6,149 Construction Expenses / Material Consumed 3,612 4,208 Employee Cost 766 603 Other Expenses 654 723 EBITDA 511 615 EBIDTA Margin (%) 9% 10% Depreciation 156 15

7. Slide 7: Consolidated Balance Sheet Highlights

   Consolidated Balance Sheet Highlights Particulars (Rs. Mn ) Mar - 17 Mar - 16 Particulars (Rs. Mn ) Mar - 17 Mar - 16 Non Current Assets Share Holders Fund 6,485 6,261 Property, Plant and Equipment 824 750 Non Controlling Interest 119 127 Investment Property 210 233 Other Intangible assets 2 3 Non C

8. Slide 8: EPC business: Strong order book of Rs. 5,150 mn

   EPC business: Strong order book of Rs. 5,150 mn Order book details (as of 31st March, 2017) Geographical order book split Other, 9% Backlog Sr. Project Name Place Type No. Maharashtra, (Rs. Mn) 17% 1 Kailash Enclave Lucknow Residential 2,144 UP, 54% Tamil Nadu, 2 Everest Enclave Lucknow Residential

9. Slide 9: Current Real Estate projects under development

   Current Real Estate projects under development Total Vascon Share Project Name Location Vascon Share Project Rev. Area Sold Sale Value Collection Sale Value Collection Area Recognised Type Share msft msft Rs. mn Rs. mn Rs. mn Rs. mn Rs. mn Willows Phase (D,E,F) Pune JDA 80% 0.21 0.20 925 925 740 740

10. Slide 10: Real Estate Portfolio

    Real Estate Portfolio Project Area Saleable area Vascon Share Focus on asset light JDA/JVs model Particulars Saleable Area (Acres) (msft) Own (msft) 7% JDA 86.6 7.1 4.6 Pune 29.4 2.6 1.4 JDA 28% Chennai 25.0 1.6 1.3 65% Madurai 18.2 1.6 1.0 JV Coimbatore 14.0 1.2 0.9 JV 200.5 22.3 10.1 Geographical

11. Slide 11: Fund Raising Details & Rationale

    1 Key Updates & Financial Highlights 2 Fund Raising Details & Rationale 3 Focus Area & Business Plan 10

12. Slide 12: Vascon Engineers: EPC and Real Estate

    Vascon Engineers ....  Expertise across various types of buildings like Residential, Commercial, EPC Industrial, IT Parks, Hospitals, malls & multiplexes, Hotels etc One of the leading EPC  Delivered approx 34 million sq ft across 200 projects since inception Company in India  Capability to execu

13. Slide 13: Current Transaction Details

    Current Transaction Details 1 Amount Raised  Rs. 110 Crores 2 Instrument & Key terms  Compulsory Convertible Debentures (CCDs) to be converted in to equity shares within 18 months  Conversion Price at Rs. 45.60 per equity share  Coupon Rate of 17% p.a. 3 Investors  Manan Finserve Private Limite

14. Slide 14: Rationale

    Rationale Significant efforts of cash generation …. Current equity infusion to mitigate current in last 2 yrs …. challenges & help achieve higher Growth  Equity Raising of Rs. 100 Crs. through Right  Fresh Capital improves Liquidity in the issue company - helps to participate in the new orders bid

15. Slide 15: Focus Area & Business Plan

    1 Key Updates & Financial Highlights 2 Fund Raising Details & Rationale 3 Focus Area & Business Plan 14

16. Slide 16: Affordable Housing: Huge Potential in India

    Affordable Housing : Huge Potential in India …Government’s strong focus on housing for all  Emphasis on Housing for All by 2022  Aim to build 50 million new low-cost houses over the next 5 years  Incentivizing Affordable Housing by increasing project completion timeline to 5 years from 3 years 

17. Slide 17: Vascon: Preparing to capitalize opportunity in affordable housing

    Vascon : Preparing to capitalize opportunity in affordable housing EPC Business Real Estate Business Segment Focus  Large civil contracts of affordable housing  Focus on Affordable Housing projects  High Value Government contracts  Fast moving inventory mix 1RK, 1BHK and limited compact 2 BHKs 

18. Slide 18: Affordable Housing: Future Launches

    Affordable Housing: Future Launches 1 Katvi, Pune  Foray into affordable housing project  Total potential area of 4.6 lacs sq ft  Land owned by Vascon 2 Talegaon, Pune  Joint venture – Next launch in the affordable segment  Total Potential area of 1.16 million sq ft 17

19. Slide 19: Strengthening the organisation: On-boarding industry leaders

    Strengthening the organisation: On-boarding industry leaders 1 Amit Parsuramka  Over 19 years of work experience in Sales, Marketing & Operations Management in Real Estate  Associated with best Real Estate companies like Omkar Realtors (As Chief Marketing Officer), Lodha Group (As President Sales)

20. Slide 20: Continue focus on generating Cash by monetising identified assets

    Continue focus on generating Cash by monetising identified assets …continue implementation of strategy of asset monetization  Aurangabad Land  Commercial Property in Kaledonia, Andheri  Goa Hotel (50% stake)  Flats in Vista (Nasik) Projects  Apartments in ELA Projects Expected market value of R

21. Slide 21: Build Houses for Every Indian

    “Build Houses for Every Indian” Mr. M. Krishnamurthi / Mr. Punit Bhayani Mr. Gaurang Vasani / Mr. Vikash Verma mk_murthi@vascon.com punit@vascon.com vgaurang@stellar-ir.com vikash.verma@stellar-ir.com Vascon Weikfield Chambers, Pune - 411014 Dynasty Business Park, Andheri (East), Mumbai 400 065

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