Slide 1: Submission of Investor/Analysts Presentation to exchanges
CIN: L99999MH1949PLC007039 November 13 , 2024 To, BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra - Kurla Complex, Mumbai - 400 001 Mumbai - 400 051 Company Code No. 531120 Company Code: PATELENG Dear Sir/Mam, Subject: Submissi
Slide 2: Patel Engineering Limited Investor Presentation Q2 FY25
Patel Engineering Limited Determined to Deliver INVESTOR PRESENTATION | Q2 FY25
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides have been prepared by Patel Engineering Ltd. (the “Company”), and have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form
Slide 4: Company Overview
Company Overview
Slide 5: About Patel Engineering Limited
About Patel Engineering Limited Integrated infrastructure and construction services conglomerate Patel Engineering Limited, founded in 1949 and headquartered in Mumbai, is a prominent player in the civil engineering construction segment. With over seven decades of experience, the company has success
Slide 6: Vision & Mission
Vision Deliver comprehensive and effective solutions to clients through our profound experience and technological prowess, while continuously creating opportunities and value for stake-holders and society. Vision & Mission Mission To be the pioneers in the industry and a market- driven organization
Slide 7: Key Facts and Figures
Key Facts and Figures 7+ decades 15 States 15,000+ 87+ Experience Current Domestic Presence MW Hydro Project Dams 300+ Kms 5.5+ Lakhs 1,200+ Kms ₹ 1,72,607 Mn of Tunnels Acres Irrigated Road Order book Q2 FY25 Cons. Q2 FY25 Cons Q2 FY25 Cons Q2 FY25 Cons. ₹ 808 Mn : Net Profit 2.17 : Debt to Op. EBI
Slide 8: Market Potential & Opportunities
Market Potential & Opportunities ₹ 11.11 Lac Cr 15,000+ MW 60,000+ MW Hydro Projects Pumped Storage Projects Infrastructure Sector Budget Arunachal Pradesh Under Survey & Investigation 3.4% of GDP. 6,000+ MW ₹ 7,01,630 Mn ₹ 93,393 Mn Hydro Projects Budget Allocation for Jal Jeevan Budget Allocation
Slide 9: Q2 & H1FY25 Financial Highlights
Q2 & H1FY25 Financial Highlights
Slide 10: Consolidated Results Highlights
Consolidated Results Highlights Operating Revenue ( ₹ in Mn) Op. EBITDA (₹ in Mn) Operating & Op. EBITDA (in %) EBITDA In ₹ Mn 13.71% 13.81% 14.52% 14.54% 22,760 21,399 3,106 3,309 11,743 1,401 1,622 10,213 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 NetNet Profit Profit (₹ in Mn
Slide 11: Q2 & H1 FY25 Consolidated Results Highlights
Q2 & H1 FY25 Consolidated Results Highlights In ₹ Mn Particulars (₹ in Mn) Q2FY25 Q2FY24 Y-o-Y H1FY25 H1FY24 Y-o-Y FY24 Revenue from Operations 11,743.25 10,213.13 22,759.84 21,399.24 45,441.08 Total Revenue from Operations 11,743.25 10,213.13 14.98% 22,759.84 21,399.24 6.36% 45,441.08 Cost of Mater
Slide 12: H1 FY25 Consolidated Results Highlights
H1 FY25 Consolidated Results Highlights Particulars (₹ in Mn) Sep-24 Mar-24 Particulars (₹ in Mn) Sep-24 Mar-24 ASSETS Equity Non ‐ Current Assets (a) Equity share capital 844 774 Property, plant and equipment 12,520 12,647 (b) Other equity 35,655 30,763 Goodwill 253 253 Equity attributable to equit
Slide 13: Consolidated Debt Highlight & Interest Break Up
Consolidated Debt Highlight & Interest Break Up In ₹ Mn In ₹ Mn BG / LC Charges & Other Borrowing Cost Term Debt Working Capital Debt Total Debt Interest on Contractee Advances Interest to Lenders Total Finance Cost 916.77 19,923.19 167.80 793.05 142.91 14,376.90 200.73 11,554.71 Reduction in 153.36
Slide 14: Standalone Results Highlights
Standalone Results Highlights Operating Revenue ( ₹ in Mn) Op. EBITDA (₹ in Mn) Operating & Op. EBITDA (in %) EBITDA In ₹ Mn 13.40% 13.16% 13.69% 14.00% 22,370 21,028 2,878 3,132 11,546 1,356 1,519 10,121 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Q2 FY24 Q2 FY25 H1 FY24 H1 FY25 Net Profit (₹ in Net Mn)Profit
Slide 15: Q2 & H1FY25 Standalone Results Highlights
Q2 & H1FY25 Standalone Results Highlights Particulars (₹ in Mn) Q2FY25 Q2FY24 Y-o-Y H1 FY25 H1 FY24 Y-o-Y FY24 Revenue from Operations 11,545.53 10,121.09 22,369.91 21,028.09 44,120.39 Total Revenue from Operations 11,545.53 10,121.09 14.07% 22,369.91 21,028.09 6.38% 44,120.39 Cost of Material Consu
Slide 16: H1 FY25 Standalone Results Highlights
H1 FY25 Standalone Results Highlights In ₹ Mn Particulars (₹ in Mn) Sep-24 Mar-24 Particulars (₹ in Mn) Sep-24 Mar-24 ASSETS Equity Non ‐ Current Assets (a) Equity share capital 844 774 Property, plant and equipment 11,255 11,383 (b) Other equity 35,780 30,686 Capital work‐in‐progress 352 626 Total
Slide 17: Disciplined Capital Allocation
Disciplined Capital Allocation Cash Flow from Operations (₹ in Mn) Capex (₹ in Mn) In ₹ Mn 7,023 6,878 1,583 1,681 1,593 1,335 5,142 3,887 2,901 129 FY21 FY22 FY23 FY24 H1FY25 FY21 FY22 FY23 FY24 H1FY25 Net Working Capital ( in Days ) Capex % of Cash Flow from Operations Net Working Capital Adjusted
Slide 18: Long Term Rating: Infomerics
Long Term Rating: Infomerics Current Rating A- Outlook Stable Last Review 07 June, 2024 A- BBB + BBB BBB - B+ FY21 FY22 FY23 FY24 H1FY25 Investor Presentation Q2FY25 17
Slide 19: Q2 & H1 FY25 Operational Highlights
Q2 & H1 FY25 Operational Highlights
Slide 20: Final Concreting of Power House Unit 4
Final Concreting of Power House Unit 4 Project: o Successful commencement of the final concreting of power house of Subansiri Hydroelectric Project, one of the largest hydroelectric power projects, boasts a capacity of 2000 MW. o Subansiri Lower Hydroelectric Project will generate approximately 7,50
Slide 21: Collaboration with PSUs
Collaboration with PSUs • The Company has signed Memorandum of Understandings (MOU) with RVNL & Ircon International Limited to explore, identify, pursue and jointly execute mutually beneficial business opportunities in various infrastructure projects in India and overseas • These MOUs signify a majo
Slide 22: Order Awarded in Q2 FY25
Project Name Project Name Teesta-V Power Station Jigaon Water Lifting Project Project Location Project Location Sikkim Maharashtra Project Completion Project Completion 18 Months 24 Months Contract Value Contract Value ₹ 2,400.2 Mn (Lowest Bidder) Order Awarded ₹ 3,176 Mn. Our Shares- ₹ 1,112 Mn (35
Slide 23: Order Book Highlights
Order Book Highlights
Slide 24: Yearly Growth In Order Book
In ₹ Mn CAGR = 10.01% 2,08,067 1,86,630 1,72,607 1,44,660 1,50,110 1,31,840 1,02,150 Yearly Growth In Order Book FY19 FY20 FY21 FY22 FY23 FY24 Q2 FY25 Excludes One Project which is L1 amounting to ₹ 2,400 Mn Investor Presentation Q2FY25 23
Slide 25: Order Book Break Up
Order Book Break Up In % Segment Wise Order Book Client Wise Order Book Project Completion Wise Order Book 1.78% 3.10% 2.81% Hydroelectric 3.05% 4.02% Below 10% 10.46% 19.21% Irrigation Central Government / PSU’s 16.37% 10% - 30% 34.47% 30% - 50% Tunnel 21.21% 50% - 70% State Government Departments
Slide 26: Diversly Spread Works De-Risking Business
Jammu and Diversly Spread Works Kashmir De-Risking Business 50 Ongoing Projects Across15 States Domestically and an International Presence in Nepal with a Total Project Value of Himachal Pradesh ₹ 1,72,607 Mn Domestic In ₹ Mn. Arunachal Pradesh Sr. No. State No. of Projects Project Value Nepal Sikki
Slide 27: Business & Project Overview
Business & Project Overview
Slide 28: Major Projects Under Execution
Major Projects Under Execution Hydro Power / Tunnelling Transportation o Subansiri HEP (2,000 MW) o Selapass Road and Tunnel o IRCON T15 (Railway Tunnel) o Katraj Kondwa Road o Kiru HEP (624 MW) o Up-gradation - Pimpla o Arun-III HE Project (900 MW) junction. o CIDCO Water Tunnel Project o Construct
Slide 29: Major Project Under Execution - Hydro Power Projects
Major Project Under Execution - Hydro Power Projects Currently in India ~ 18,000 MW of Hydropower is Under Execution out of which the Company is Involved in the Construction of ~ 8,000 MW Dibang Multipurpose (2,880 MW) Subansiri HEP (2,000 MW) Kiru HEP (624 MW) KWAR HEP(540 MW) Teesta VI HEP (500 MW
Slide 30: Some Major Clients
Some Major Clients Investor Presentation Q2FY25 29
Slide 31: Industry Overview
Industry Overview
Slide 32: Indian Power Industry Overview
Indian Power Industry Overview Power Generation - A Prime Focus Total Power Generation in India (including Renewable Energy) In Billion Units • Globally, India is the third-largest producer and consumer of electricity • As of Aug 2024, renewable energy accounted for ~46% of the 1,900 installed power
Slide 33: Hydropower Overview
Hydropower Overview Hydro Power – a Keen Effort by the Government to Boost Energy Generation • With a total installed capacity of 51.74 GW, India has surpassed Japan to become the fifth-largest Share in Total Power Generation installed Capacity hydropower producer 7% 2% • India’s hydropower potentia
Slide 34: Pumped Hydropower Storage (PHS)
Pumped Hydropower Storage (PHS) PHS – a Key Facilitator of Variable Renewable Energy (VRE) in India • VRE such as wind and solar are being connected to the grid at a rapid pace owing to their low cost of installation and the thrust on sustainable & green energy • Due to dependency of VRE on time / s
Slide 35: GoI Focus on Hydro Sector
GoI Focus on Hydro Sector Investor Presentation Q2FY25 34
Slide 36: Micro Irrigation The Way Forward
Micro Irrigation The Way Forward Importance Micro Government of Micro Irrigation in Initiative Irrigation India • Micro-irrigation increases water efficiency by as much • In India, the average penetration of micro irrigation is • The government started micro irrigation in the Tenth as 50%-90% 19% (a
Slide 37: Management Overview
Management Overview
Slide 38: Professional & Experienced Board Of Directors
Professional & Experienced Board Of Directors Janky Patel Kavita Shirvaikar Chairperson & Non-Executive Director Managing Director Ms. Janky Patel, a BA graduate, represents the Promoter Mrs. Kavita Shirvaikar, a Chartered Accountant and ICWAI group and is backed by a strong professional board. She
Slide 39: Professional & Experienced Board Of Directors
Professional & Experienced Board Of Directors Dr. Emandi Sankara Rao Dr. Sunanda Rajendran Independent Director Independent Director Dr. Rao, an IIT Bombay PhD, has extensive experience in Dr. Sunanda Rajendran is the founder and Director of the management and engineering across the infrastructure,
Slide 40: The Way Forward
The Way Forward
Slide 41: Unlocking Growth Potential: Key Investment Highlights
Extensive 75-year experience with a solid Well-positioned to Competitive advantage track record of leverage leading in niche segments such executing prestigious position in the as hydroelectric, and strategically hydroelectric space tunneling, and significant amidst strong irrigation leads to infras
Slide 42: Thank You
Thank You For further information, please contact: Company : Patel Engineering Ltd. (BSE: 531120 | NSE: PATELENG) Investor Relations Team Email:investors@pateleng.com Investor Relations Advisors : Orient Capital (a division of Link Group) Ms. Pooja Swami Mr. Hitesh Agarwal +91 9860202359 +91 7506625