Capacit'e Infraprojects Ltd. · NSE:CAPACITE
Capacit'e Infraprojects — Q1 FY2019 Earnings Presentation
47 slides from Capacit'e Infraprojects's earnings presentation, Aug 9, 2018
Slide 1: Letter to stock exchanges: Investor Presentation August 2018
C INFRAPROJECTS LIMITED IT'E Ref CIL/STEX 3O/Q1FY19 Date August 09, 2018 To The Secretary, The Secretary, BSE Limited National Stock Exchange of lndia Limited Gorporate relation Dept, Plot No. C/l, G Block, P.J. Towers, Bandra Kurla Complex Dalal Street, Fort, Bandra (East) Mumbai-400 001 Mumbai-400
Slide 2: Investor Presentation August 2018
Investor Presentation August 2018 1
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Capacit'e Infraprojects Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 4: Q1 FY19 Standalone Financial Highlights
Q1 FY19 Standalone Financial Highlights
Slide 5: Record Order Wins in Q1FY19
Record Order Wins in Q1FY19 Additions in Additions in Private Government Sector Sector Orderbook in Orderbook in Q1FY19 Q1FY19 ₹ 1,132 Cr ₹ 4,357 Cr* ~95% of the orders are repeat orders in Q1FY19 in the Private Sector Order Additions in Q1FY19 ₹ 5,489 Cr *BDD Project at Worli from MHADA worth ₹11,7
Slide 6: Key Highlights of Q1FY19 post adoption of IND-AS 115
Key Highlights of Q1FY19 post adoption of IND-AS 115 Total Income EBITDA PAT Cash PAT ₹ 22.7 Cr ₹ 44.3 Cr ₹ 405.8 Cr ₹ 63.4 Cr Growth of Growth of Growth of 31.2% YoY Growth of 49.7% YoY 41.3% YoY 43.8% YoY Orderbook NWC Days NWC Days Private sector: (Incl. retention) (Excl. retention) ₹ 6,243 Cr 84
Slide 7: Q1 FY19 Standalone Profit & Loss as per IND-AS
Q1 FY19 Standalone Profit & Loss as per IND-AS Particulars (₹ In Crs) Q1 FY19* Q1 FY18 Y-o-Y Revenue from Operations 397.5 266.0 49.4% Other Income 8.4 5.0 Total Income 405.8 271.0 49.7% Cost of Material Consumed 290.9 185.3 (Incl. Construction Expenses) Employee Expenses 34.1 25.1 Other Expenses 17
Slide 8: IND-AS 115 Impact Explanation
IND-AS 115 Impact Explanation Pre-IND AS 115 IND AS 115 Particulars (₹ In Crs) Impact Explanation Q1 FY19 Q1 FY19 Total Income 395.5 405.8 +10.4 Cost of Material Consumed 279.7 290.9 +11.2 (Incl. Construction Expenses) Employee Expenses 34.1 34.1 - Company has Other Expenses 17.4 17.4 - implemented
Slide 9: Our Order Book Status
Our Order Book Status Private Sector key Order Wins in Q1FY19 Private Sector Order Book Built-up ▪ "Wadhwa Wise City" at Panvel, Maharashtra, from 6,243 Wadhwa Group. The Order is worth ₹ 519 Crores. This is a (₹ In Crs) 5,682 repeat order ▪ Skycity Mall at Borivali East, Mumbai from Incline Realty
Slide 10: Order Book movement and Geographical Split
Order Book movement FY2017 FY2018 Q1FY19 Geographical Split North Zone North Zone North Zone South Zone 8% 2% 9% South Zone 15% South Zone 15% 12% West Zone West Zone West Zone 77% 83% 79% Commercial & Institutional Commercial & Institutional Commercial & Institutional Segment Split 2% 15% 21% Resid
Slide 11: Golden Peacock Occupational Health & Safety Award
Golden Peacock Occupational Health & Safety Award ▪ The company has been conferred Golden Peacock Occupational Health & Safety Award for the year 2018 ▪ Golden Peacock Awards recognize the best organization, which have significantly embedded risk management strategies and sustainability practices in
Slide 12: Our Story
E™ CAPACIT J 4 MA XY oY faL ALLAN \X/ ines) is Our Story a
Slide 13: Transforming Vision into Reality
Transforming Vision into Reality Ownership of Strong Core Assets & a Strong Marquee Clients Management Team of highly Balance Sheet & Growing Team skilled Orderbook workforce CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E INFRASTRUCTURES LIMITED 12
Slide 14: Our DNA
Our DNA Focus on Construction Technologies… Our Business model and capabilities is built around leveraging our understanding of varied types of Construction Technologies and managing construction complexities …for speedier execution Ownership of Modern System Formwork & Core Assets along with access
Slide 15: We are a 'Technology Focused' Construction Company
We are a ‘Technology Focused’ Construction Company Clients Access to Technology Cities Results Kalpataru MMR Speedy Automatic Aluminum Modular Deck Oberoi Realty Climbing System Panel System Bengaluru Execution Godrej Systems Formwork Formwork NCR + Brookfields Lodha Pune Growing Transcon Chennai Or
Slide 16: Technology is key to our success
Technology is key to our success… Automatic Climbing Aluminum System Formwork 01 Systems (Building Core) (Monolithic Casting) 02 Tunnel Formwork Modular Deck Panel (Monolithic Casting) 04 03 System Formwork (Flat Slab) Table Formwork (Flat Slab) 05 Modular Panel System Formwork 06 (Column, Shear Wal
Slide 17: Track Record
Track Record New Clients + Repeat Wins from existing Clients ▪ …strengthens Customers confidence ▪ …enhances project execution in our Capabilities & Delivery capabilities building a high degree of specialization ▪ …build pre-qualification levels ▪ …leads to consistent growth in Orderbook allowing us
Slide 18: Focus: Building to remain ahead
Focus : BUILDING…to remain ahead Design & Build Lock & Key Lock & Key Shell & Core Shell & Core Shell & Core 2013 2014 2016 …and create an unmatched Competitive Edge CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E INFRASTRUCTURES LIMITED 17
Slide 19: Quality in Everything we do
Quality in Everything we do Integrated Management System Quality Management System ISO 9001:2008 Environmental Management System ISO 14001:2004 Occupational Health and Safety Management System OHSAS 18001:2007 CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E INFRASTRUCTURES LIMITED 18
Slide 20: Resources give us an Advantage in our Performance
Resources give us a Advantage in our Performance Temperature controlled concrete for mass pours, self compacting free flow concrete for heavily reinforced pours and special concrete for vertical pumping in Super High Rise Buildings Modern Technology We own 67 tower cranes, 8 Boom Placer, 4 Batching
Slide 21: Sustainable Future
Sustainable Future Matured High Quality Geographies Team Asset Turnover Balance Sheet Focus Focus on improving Manageable Debt/Equity Focus on Matured High quality team of Asset Turnovers by levels which stems from Geographies will engineers and efficient deployment our ethos of building ensure effi
Slide 22: Our Strengths
Our Strengths… Exclusive focus on Ownership of Modern Access to skilled Construction of Building in System Formwork & workforce major cities Other Core Assets Large Order book with Marquee client base and repeat orders Experienced Management Team Strong Financial performance …leading to outperforman
Slide 23: Poised to Capitalize on Growing Market Opportunities
Poised to Capitalize on Growing Market Opportunities 01 02 03 Focus on Building Expand in Affordable Grow Order book on Construction Housing Segment Lock-and-key basis Focus on Maximizing Utilization of Benefit from ‘Housing for All by 2022’ Build Orderbook of Lock-and-key Projects Technologies; to
Slide 24: Experienced Promoter Group
Experienced Promoter Group Mr. Rohit R. Katyal Mr. Rahul R. Katyal Mr. Subir Malhotra Executive Director & CFO Managing Director Executive Director ▪ Has a vast experience ▪ Has a vast experience ▪ Has a vast experience of ~25 years of ~23 years of ~28 years ▪ Currently focused on ▪ Currently looks
Slide 25: Board of Directors
Board of Directors Mr. S.B. Mainak Mr. Arun Karambelkar Chairperson (Independent) Independent Director ▪ Has more than 30 years of exp. ▪ Previously, was MD at LIC of India, Served on the Board of NSE & ▪ Has ~37 years of exp. Stock Holding Corporation of India, Independent Director appointed ▪ Prev
Slide 26: Our Creations
E™ CAPACIT Our Creations
Slide 27: Mumbai Metropolitan Region (MMR)
Mumbai Metropolitan Region (MMR) Oberoi Enigma, Mulund Lodha Altamount The Park by Lodha, Lower Parel Altamount Road Rustomjee Seasons BKC CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E INFRASTRUCTURES LIMITED 26
Slide 28: Mumbai Metropolitan Region (MMR)
Mumbai Metropolitan Region (MMR) Four Seasons Private Bishop Gate, Beaumonte, Sion Residences, Worli Breach Candy CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E INFRASTRUCTURES LIMITED 27
Slide 29: Bengaluru
Bengaluru Provident Housing Century Breeze Purva Coronation Square Ozone Hyatt CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E INFRASTRUCTURES LIMITED 28
Slide 30: National Capital Region (NCR)
National Capital Region (NCR) Bharti Worldmark, Gurgaon Godrej Summit, Gurgaon, NCR Emaar Imperial Garden, NCR Paras Buildtech, Gurgaon CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E INFRASTRUCTURES LIMITED 29
Slide 31: Other Projects
Other Projects Sir Gangaram Hospital, Multi level Car Parking, Delhi Saifee Burhani Upliftment Project, Mumbai CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E INFRASTRUCTURES LIMITED 30
Slide 32: Projects Delivered
Projects Delivered ▪ W-54, a Residential project located in Dadar, constructed for Wadhwa Group ▪ Vertical height of the building is ~169 m ▪ Project scope included tower with 3 basement, 4 podiums, a service floor, 2 fire check floors & 37 typical floors and terrace ▪ Splendora, a Residential proje
Slide 33: Projects Delivered
Projects Delivered ▪ Godrej Central, a Residential project located at Chembur, constructed for Godrej Properties ▪ Vertical height of the building is ~50 m ▪ Project scope was divided into 5 segments from demolition & site clearance to construction of new sale and rehab towers ▪ T-Series is a Commer
Slide 34: Our Industry
E™ CAPACIT Our Industry a
Slide 35: Mumbai DP 2034: Beneficial for Real Estate EPC Players
Mumbai DP 2034 : Beneficial for Real Estate EPC Players Increase in FSI ▪ Government has increased the Floor Space Index, for both commercial and residential buildings Affordable Housing Push Increase Affordable ▪ The authorities have approved to release 3,355 hectares of land previously designated
Slide 36: Housing Opportunity in India
Housing Opportunity in India India’s largest urban Shortfall of Housing units in India agglomeration by 2030 In units In million units 111 Rural Urban Delhi 36 million Chennai 64 14 million Mumbai 59 28 million 52 Hyderabad 13 million Kolkata 40 24 19 million Ahmedabad 47 10 million Bengaluru 28 19
Slide 37: Pro-development policies to transform urban India
Pro-development policies to transform urban India Government Programmes Policy Reforms ➢ Pradhan Mantri Awas Yojna ➢ RERA (Affordable housing) ➢ GST ➢ Smart Cities ➢ AMRUT (urban renewal) ➢ REIT ➢ Make In India ➢ Ease of doing business (Manufacturing) ➢ Relaxation of FDI and ECB ➢ Digital India norm
Slide 38: RERA: Advantage Organized Construction Players
RERA: Advantage Organized Construction Players RERA will improve buyer confidence and 01 boost demand for residential real estate Delays in handover of projects are likely to RERA incorporates decline as RERA mandatory disclosure mandates commitment 05 02 clauses, which would from developers to prov
Slide 39: Organized Real Estate: Outperforming
Organized Real Estate: Outperforming FDI in Real Estate ➢ 100% FDI for townships & settlements development projects ➢ Provision for reduction in minimum capitalisation for FDI investment US$ 10mn to US$ 5 mn Investment Trend RERA & REIT ➢ Private debt and bank lending have emerged as ➢ The sector ha
Slide 40: Our Historical Performance
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Slide 41: Key Projects
Key Projects Client Project Location RESIDENTIAL PROJECTS Kalpataru Magnus MIG V Bandra, MMR Oberoi Constructions Tardeo Tardeo, MMR Kalpataru Kalpataru Immensa Thane, MMR Oberoi Constructions Enigma Mulund, MMR T Bhimjyani Reality Neelkanth Woods - Phases I & II Thane, MMR Saifee Burhani Upliftment
Slide 42: Strong Financial Performance
Strong Financial Performance Total Income (₹ in Cr.) EBITDA (₹ in Cr.) 55% 1,360 76% 212 228 1,140 815 117 510 65 234 24 FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY16 FY17 FY18 PAT (₹ in Cr.) Margins 18.6% 14.3% 16.7% 67% 79 12.7% 69 10.2% 44 5.4% 5.3% 6.1% 27 4.3% 5.8% 10 FY14 FY15 FY16 FY17 FY18 FY14 FY
Slide 43: Ratios
Ratios ROE ROCE 41.8% 31.2% 28.2% 29.7% 32.4% 25.6% 23.1% 20.1% 16.2% 10.5% FY14 FY15 FY16 FY17 FY18* FY14 FY15 FY16 FY17 FY18* Net Debt : Equity (x) Core Fixed Asset T/O (x) 4.4 4.0 1.1 3.4 3.5 0.9 2.8 0.8 0.5 -0.1 FY14 FY15 FY16 FY17 FY18* FY14 FY15 FY16 FY17 FY18 * Company raised ₹ 372 Crores via
Slide 44: Ratios
Ratios Debtors turnover days Inventory turnover days 151 70 67 120 120 57 55 58 108 105 FY14 FY15 FY16 FY17 FY18* * includes Bills under certification FY14 FY15 FY16 FY17 FY18 Creditors turnover days Working Capital turnover days 137 89 119 120 75 98 99 67 56 50 FY14 FY15 FY16 FY17 FY18 FY14 FY15 FY
Slide 45: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (₹ In Crs) FY18 FY17 FY16* Revenue from Operations 1,336 1,125 802 Other Income 24 15 13 Total Income 1,360 1,140 815 Cost of Material Consumed (Incl. Construction Expenses) 966 796 591 Employee Expenses 117 87 69 Other Expenses 49 46 37 EBITDA 228 212
Slide 46: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (₹ In Crs) Mar’18 Mar’17 EQUITY AND LIABILITIES (₹ In Crs) Mar’18 Mar’17 NON-CURRENT ASSETS 543 381 EQUITY 749 299 Property, plant & equipment 409 324 Capital work-in-progress 0 7 Equity Share capital 68 44 Intangible assets 1 2 Other equity 682 255 Investments 19 0 N
Slide 47: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : Capacit'e Infraprojects Ltd. Strategic Growth Advisors Pvt. Ltd. CIN - L45400MH2012PLC234318 CIN - U74140MH2010PTC204285 Mr. Damodar Aash, Sr. Vice President Mr. Shogun Jain/Mr. Pratik R. Shah ir@capacite.in shogun.jain@
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