G R Infraprojects Ltd. · NSE:GRINFRA
G R Infraprojects — Q1 FY2024 Earnings Presentation
35 slides from G R Infraprojects's earnings presentation, Aug 10, 2023
Slide 1: Cover letter to stock exchanges
10th August 2023 To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C‐1 Dalal Street, Fort G Block, Bandra‐Kurla Complex, Bandra(E) Mumbai – 400001 Mumbai ‐400051 Scrip Code: 543317 Symbol: GRINFRA Sub: Investor Presentation on the financial r
Slide 2: G R Infraprojects Limited Company Presentation Q1 FY 2023-24
G R Infraprojects Limited Getting People Places, Faster Company Presentation Quarter 1 – Financial Year 2023-24 KAKA
Slide 3: Context
Context Disclaimer 1 Page 3 2 Quarterly Highlights Page 5 3 What we do and key milestones Page 17 4 Overview – Historical data (Financial & Operational) Page 25 5 Awards Page 32 2
Slide 4: Disclaimer
Disclaimer This presentation is issued by G R Infraprojects Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any particular person. This presentation does not constitute or form part of any offer or i
Slide 5: Disclaimer
Disclaimer The information contained in these materials has not been independently verified. None of the Company, its subsidiaries, its joint ventures, its directors or affiliates or associates, as applicable, nor any of its or their respective employees, advisers or representatives or any other per
Slide 6: Quarterly Highlights
Quarterly Highlights 5
Slide 7: QoQ and YoY Highlights Q1-FY24
Q1-FY24 Total Income (Rs in Mn) EBITDA Margin (%) & EBITDA (Rs in Mn) PAT Margin (%) & PAT (Rs in Mn) 14.53% 9.63% 9.66% 14.62% QoQ Highlights 7.50% 8.57% 8.21% 22,035 20,498 2,898 3,147 1,922 2,080 Q4 2023 Q1 2024 Q4 2023 Q1 2024 Q4 2023 Q1 2024 Total Income (Rs in Mn) EBITDA Margin (%) & EBITDA (R
Slide 8: Working Capital Days and Debt to Equity Ratio
Q1-FY24 Net Working Capital Days Debt to Equity Ratio & Net Debt to Equity Ratio (including Mob. Advances) 1.20 1.11 1.14 1.06 March 2023: 104 Days June 2023: 92 Days 0.99 0.96 1.00 0.95 0.94 82 0.80 0.91 0.91 0.89 0.83 0.81 0.82 0.80 63 0.60 0.40 0.31 0.27 0.28 0.26 0.24 0.23 0.21 39 38 35 36 0.20
Slide 9: Standalone Profit and Loss Statement
Standalone Profit and Loss Statement (Rs in Millions) A B C D Particulars Q1 Q4 Q1 YE FY 24 FY 23 FY 23 FY 23 Income Revenue from operations 21,524.11 19,949.20 24,766.84 81,475.88 Other income 511.13 549.17 319.50 1,809.01 Total income 22,035.24 20,498.37 25,086.34 83,284.89 Expenses Cost of materi
Slide 10: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement (Rs in Millions) A B C D Particulars Q1 Q4 Q1 YE FY 24 FY 23 FY 23 FY 23 Income Revenue from operations 24,782.32 24,611.23 26,921.52 94,815.15 Other income 212.97 308.34 137.57 872.95 Total income 24,995.29 24,919.57 27,059.09 95,688.10 Expenses Cost of materi
Slide 11: Consolidated Debt
Debt Breakup (Fund Based) as on June 30, 2023 Particulars Rs. In Million STANDALONE DEBT Debentures 7,050.03 23% Standalone Debt Term Loan 1,359.48 DEBENTURES Working Capital 427.84 TERM LOAN 4% Mobilization Advance 2,600.37 WORKING CAPITAL Total Debt 11,437.71 12% 61% MOBILISATION ADVANCE #Cash and
Slide 12: Robust Order Book
Robust Order Book Order book as on 30th June 2023 is Rs 1,95,978.59 Million* Project Mix Client Wise Distribution State Wise Distribution 3% 2% 6% 4% 7% 7% 0% 14% 1% 4% Andhra Pradesh 9% Bihar 4% Chattisgarh Gujarat MMLP NHAI Karnataka Road 9% Madhya Pradesh Transmission OTHERS Maharashtra Tunnel wo
Slide 13: Projects Portfolio
Projects Portfolio 12
Slide 14: Development during the Quarter
Development during the Quarter PROJECTS WON: Name of Project Sector Bid Project Cost State Mode Status (Rs. In Million) Four laning from Km 74.700 to Km Road 7,371.70 Uttar Pradesh HAM Appointed Date 112.950 of NH‐731A (i/c Yamuna awaited Bridge) Four laning from Kasganj Bypass End Road 10,854.70 Ut
Slide 15: Portfolio of Road / Transmission Projects (Operational)
Portfolio of Road / Transmission Projects (Operational) Reengus-Sikar (BoT) Nagaur-Mukundgarh (HAM) Phagwara-Rupnagar (HAM) Porbandar-Dwarka (HAM) Handia-Varanasi (HAM) Akkalkot-Solapur (HAM) Sangli-Solapur (HAM) Gundugolanu-Devarapalli (HAM) Dwarka-Devariya (HAM) Aligarh-Kanpur (HAM) 14
Slide 16: Portfolio of Road / Transmission Projects (Under Construction)
Portfolio of Road / Transmission Projects (Under Construction) Ena-Kim (HAM) Ludhiana-Rupnagar (HAM) Ujjain-Badnawar (HAM) Shirsad-Masvan (HAM) Anjar Bhuj (HAM) Bilaspur-Urga (HAM) Madanapalli-Pileru (HAM) Galgalia-Bahadurganj (HAM) Bandikui-Jaipur Corridor (HAM) Bahadurganj-Araria (HAM) Govindpur-R
Slide 17: Portfolio of Projects (Appointed date awaited)
Portfolio of Projects (Appointed date awaited) Venkatpur Bamni MHTG Kasganj Bypass Warangal (HAM) (HAM) (HAM) Varanasi-Ranchi- Belgaum Raichur Yamuna Bridge Kolkata PKG-6 NH731A (HAM) (HAM) (HAM) Belgaum Raichur Hasapur-Badadal Indore MMLP PKG-5 (HAM) (DBFOT) (HAM) Devinagar-Kasganj Belgavi Bypass (
Slide 18: What we do & Key Milestones
What we do & Key Milestones 17
Slide 19: GRIL – Our Business
GRIL – Our Business TRANSMISSION RAILWAYS & EMULSION/ PMB HIGHWAYS METRO ROPEWAY ROAD SIGNAGES AND METAL MARKING PAINT CRASH BARRIER BRIDGES TUNNEL WORK 18
Slide 20: Key Milestones
Key Milestones 2021- • Achieved PCOD for first NHAI HAM 2022 project, Phagwara – Rupnagar • First HAM project awarded with Bid Project Cost of ₹ • Successful listing of the Company on 13,670.0 Mn 2016- BSE and NSE on July 19, 2021 2019 • Divestment of equity stake in - Jodhpur Pali • Entry into Tran
Slide 21: Overview – GRIL Snapshot
Overview – GRIL Snapshot An Integrated EPC Company, with proven track record of timely project execution over last 25 years. Presence in 23 States 4 Manufacturing Units 8000+ plant & equipment ~16,000 employees CARE Rating: AA+ (Stable) CRISIL Rating: AA (Stable) upgraded from AA (Stable) 20
Slide 22: Our Clients
(Cindi) ty Our Clients re4 4 ——_/ | 5 an UP Expressway Industrial Minty er ichweve Pot BUILDING INFRASTRUCTURE - BUILDING THE NATION Devslopment authority eS Public Works Department wera wa Government of Rajasthan ma. der Proms Prom PiPes Saige SF nit pec Rail Vikas Nigam Limited 4 Vd. pices! doriel
Slide 23: Expand the Portfolio: Committed to growth, with purpose
Committed to growth, with purpose FOCUSED MARKET Construction STRATEGIES Environment We understand the nations need, We show our care for the design it through perfection and environment through CSR EXPAND THE PORTFOLIO build it to dreams initiatives FOCUSED EPC PLAYER GROWING TOGETHER WITH OUR NATI
Slide 24: Strong Board with diverse experience
Strong Board with diverse experience Vinod Kumar Agarwal : Chairman and Wholetime Director He has over 27 years of experience in the road construction industry. He has been a Director on our Board since incorporation of our Company and has been instrumental in the growth of our Company. He looks aft
Slide 25: Strong Board with diverse experience
Strong Board with diverse experience Rajendra Kumar Jain : Non- Executive Independent Director He holds a bachelor’s degree in commerce from Rajasthan University and a master’s degree in commerce (specialising in business administration) from Maharshi Dayanand Saraswati University, Ajmer. He is also
Slide 26: Historical Data (Financial & Operational)
Historical Data (Financial & Operational) 25
Slide 27: Historical Financial Data
Historical Financial Data Revenue From Operations (Rs in Mn) EBITDA* (%) / EBIDTA (Rs in Mn) 21.42% 21.81% 19.82% 19.50% 81,476 17.56% 79,192 CAGR: 72,445 CAGR: 17.94% 21.26% 18.99% 60,278 14,135 14,940 14,379 13,350 49,502 10,748 31,081 6,263 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2018
Slide 28: Historical Financial Data
Historical Financial Data PAT (Rs in Mn) / PAT Margin (%) Net Cash Flow (Used In)/ from operating Activities (Rs in Mn) 12.84% 8,312 12.03% 11.43% 10.78% 7,644 9.61% 10.45% 6,516 CAGR: 16.36% 8,518 5,606 7,806 7,608 4,199 6,888 5,957 3,992 (41) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2018
Slide 29: Historical Financial Data
Historical Financial Data Fixed Assets Turnover Ratio Net Debt/ Equity & Net Debt /EBITDA 6.54 6.27 0.88 0.82 6.26 6.35 5.73 0.83 5.80 0.70 0.65 0.42 0.42 0.36 0.33 0.23 0.20 0.19 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Net Debt/Equity Net Debt
Slide 30: Historical Operational Data
Historical Operational Data Employee Count Order Book* (Rs.in Mn) 1,95,294 17,721 16,333 1,70,526 16,157 1,48,799 12,956 1,31,039 1,18,648 1,17,143 11,149 7,321 FY18 FY19 FY20 FY21 FY22 FY 2023 FY18 FY19 FY20 FY21 FY22 FY 23 Employee Count Order Book 29 *excluding GST
Slide 31: Strong focus on Quality Execution
Strong focus on Quality Execution Design and engineering (Centralized): Continuous improvements are made on the designs in coordination with the Project Management Team (PMT) Manufacturing (In-house across the country): Supply is synchronized with site progress and product specifications are finaliz
Slide 32: Leveraging operating efficiencies from vertical integration
Leveraging operating efficiencies from vertical integration THREE KEY STEPS IN VALUE CHAIN PMB, Emulsion facility & Enables efficient Road Signages, Udaipur. In-House Design & Capacity: 30,000MT designs & quick Engineering Team Emulsion Facility, Sandila changes Capacity:24,960 MT Integrated Owned c
Slide 33: Awards and Accolades
Awards and Accolades 32
Slide 34: Notable Awards
Notable Awards Emerging Best Best Best Places to Outstanding Companies Professionally Construction Work in Contribution in Roads Excellence Managed Company Projects Construction and Highways Award Industry Porbandar-Dwarka Construction Construction Section NH-8E Business Today in Industry Industry A
Slide 35: Thank You
G R Infraprojects Limited Company Presentation Getting People Places, Faster Thank You Anand Rathi, CFO G R Infraprojects Limited Second Floor, Novus Tower, Plot No.18, Sector-18, Gurugram, Haryana-122015, +91 124 643 5000