Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — FY2015 Earnings Presentation
27 slides from Pnc Infratech's earnings presentation, 2015
Slide 1: PNC Infratech Limited Result Update Presentation FY2015
PNC Infratech Limited Result Update Presentation Financial Year 2015
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by PNC Infratech 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 securi
Slide 3: Key Highlights
1 Key Highlights PNC Infratech Limited 3
Slide 4: Key Highlights
Key Highlights Robust growth in financials Standalone Revenue, EBITDA and PAT grew by 35%, 53% and 43% respectively Consolidated Revenue, EBITDA and PAT grew by 37%, 60% and 65% respectively Accompanied by significant improvement in margins Standalone EBITDA Margin up from 12.3% to 13.9%,
Slide 5: Financial Highlights
2 Financial Highlights PNC Infratech Limited 5
Slide 6: Financial Highlights - Standalone
Financial Highlights - Standalone Revenue EBITDA and PAT (Rs. Cr) (Rs. Cr) 1,561.0 216.6 1,303.5 1,152.1 159.9 141.9 100.4 76.5 70.1 FY13 FY14 FY15 FY13 FY14 FY15 EBITDA PAT EBITDA and PAT Margins Debt/ Equity 13.9% 12.3% 12.3% 0.5 0.4 0.3 6.1% 6.5% 5.9% FY13 FY14 FY15 FY13 FY14 FY15 EBITDA % PAT %
Slide 7: Financial Highlights - Consolidated
Financial Highlights - Consolidated Revenue EBITDA and PAT (Rs. Cr) (Rs. Cr) 1,860.9 279.9 1,305.6 1,360.0 175.4 156.3 91.3 74.6 55.2 FY13 FY14 FY15 FY13 FY14 FY15 EBITDA PAT EBITDA and PAT Margins Debt/ Equity Debt/ Equity 15.0% 12.9% 1.9 12.0% 1.4 1.0 5.7% 4.9% 4.1% FY13 FY14 FY15 FY13 FY14 FY15 E
Slide 8: Segmental highlights
Segmental highlights Revenue Breakup (Rs. Cr) (Rs. Cr) FY14 FY15 149.9 260.9 1,210.1 1,600.0 EPC BOT (Toll/ Annuity) EPC BOT (Toll/ Annuity) EBIT Margin 22.0% 16.7% 10.1% 9.1% EPC BOT (Toll/ Annuity) FY14 FY15 PNC Infratech Limited 8
Slide 9: Order-book Snapshot
3 Order-book Snapshot PNC Infratech Limited 9
Slide 10: Robust Order-book of Rs. 7,850 crore
Robust Order-book of Rs. 7,850 crore In terms of value of contracts including Order-book Highlights escalation (Rs. Crores) Remaining value of contracts under execution is Rs. 3,447 crore as on 31st March 2015. Declared as Lowest Bidder for a Project of Resurfacing /Strengthening of Runway at Ai
Slide 11: Order Book Highlights
Order Book Highlights Remaining Value Key EPC Projects Under Construction (Rs. Crores) Agra-Firozabad 1,635 Sonauli-Gorakhpur 439 Barabanki-Jarwal 265 Raibareli to Jaunpur 222 Agra By-Pass 147 Top 5 projects 2,708 Other Projects 739 Total Order Book 3,447 Top 5 projects as % to Total Order Book 79%
Slide 12: BOT Portfolio
4 BOT Portfolio PNC Infratech Limited 12
Slide 13: Sizeable BOT Portfolio
Sizeable BOT Portfolio PNC Infratech Limited (PNC) PNC Invested Share of % JV COD/ Equity Invested Authority State Stretch Type Kms Lanes Stake Partners PCOD (Rs. Equity Crores)) Crores (Rs. Crores)) Crores SREI, Ghaziabad Aligarh 35.0% NHAI UP NH-91 Toll Galfar June-15 125 4 194.0 67.9 Kanpur Kabra
Slide 14: Project Status
5 Project Status PNC Infratech Limited 14
Slide 15: Status of BOT Projects under Construction as on May 31, 2015
Status of BOT Projects under Construction as on May 31, 2015 Projects Status Bareilly Almora ~84.74% Construction completed Rae Bareli Jaunpur ~74.82% Construction completed Bareilly Almora Rae Bareli Jaunpur Add Photograph if possible Add Photograph if possible PNC Infratech Limited 15
Slide 16: Annexure I – Summary Financials
6 Annexure I – Summary Financials PNC Infratech Limited 16
Slide 17: Quarterly Profitability Statement
Quarterly Profitability Statement* Rs. Crores Q4 FY15 Q4 FY14 REVENUE 464 414 EBITDA 61 53 EBITDA margin 13.2% 12.8% Other Income 8 7 Depreciation 11 9 Interest 11 8 PBT 47 43 Tax 14 13 Profit After Tax 33 29 PAT Margin 7.1% 7.1% Cash Profit 43 38 PNC Infratech Limited * - Standalone 17
Slide 18: Annual Profitability Statement
Annual Profitability Statement Standalone Consolidated Rs. Crores FY15 FY14 FY15 FY14 REVENUE 1,561 1,152 1,861 1,360 EBITDA 217 142 280 175 EBITDA margin 13.9% 12.3% 15.0% 12.9% Other Income 14 11 12 11 Depreciation 36 25 60 40 Interest 46 23 93 61 PBT 148 104 139 85 Tax 47 34 48 35 Profit After Ta
Slide 19: Balance Sheet
Balance Sheet Standalone Consolidated Rs. Crores March-15 March-14 March-15 March-14 Shareholder’s Fund 718 629 871 710 Share capital 40 40 40 40 Reserves & Surplus 679 589 831 670 Minority Interest -- -- 0 0 Non-current liabilities 274 209 1,566 849 Long term borrowings 24 29 1,307 743 Other non-cu
Slide 20: Annexure II – Company Overview
7 Annexure II – Company Overview PNC Infratech Limited 20
Slide 21: Introduction
Introduction infrastructure construction, development and management company; expertise in execution of projects including highways, bridges, flyovers, airport runways, industrial areas and transmission lines Executed 42 major infrastructure projects spread across 13 states of which 26 are road EPC
Slide 22: Business Overview
Business Overview Completed 26 infrastructure Developing/operating 7 road projects on EPC basis Roads & Roads & BOT projects and 1 OMT Highways - Highways - project, comprising of both EPC BOT / OMT toll & annuity assets Set up power transmission Executed 18 airport runway lines of approximately 350
Slide 23: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) PNC Power Private Limited (“PNCPPL”) BOT Holdco for road and other infra projects Engaged in erecting, installing, repairing, re-modelling power plants etc PNC Bareilly Nainital Highways Private Limited (“PNCBNHPL”) 4 laning of the Bare
Slide 24: Evolution - Timeline
Evolution - Timeline 2015 Successful IPO and listing on NSE and BSE 2013 & • 1st OMT project awarded – Kanpur -Lucknow - 2014 Ayodhya Road project • Awarded Agra-Firozabad contract for Rs. 1,635.75 crs 2010 & • Awarded 1st independent road project on BOT basis 2011 • NYLIM Jacob Ballas India Fund in
Slide 25: Board of Directors
Board of Directors Mr. Pradeep Kumar Jain Mr. Naveen Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain CMD Whole-time Director Managing Director Managing Director Mr. Anil Kumar Rao Mr. Sunil Chawla Mr. Chhotu Ram Sharma Mr. Subhash Chander Kalia Whole-time Director Non-Executive Director Ind
Slide 26: Clientele
Clientele PNC Infratech Limited 26
Slide 27: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : PNC Infratech Ltd Strategic Growth Advisors Pvt. Ltd. CIN: U45201DL1999PLC195937 CIN: U74140MH2010PTC204285 Mr. D. K. Maheshwari Mr. Jigar Kavaiya AVP – Finance Group Account Head dkm@pncinfratech.com +91-9920602034 +91