H.g. Infra Engineering Ltd. · NSE:HGINFRA
H.g. Infra Engineering — Q4 FY21 Earnings Presentation
25 slides from H.g. Infra Engineering's earnings presentation, May 13, 2021
Slide 1: Cover letter to stock exchanges
May 13, 2021 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block-G, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai- 400 001 Mumbai- 400 051 Scrip Code- 541019 Scrip Symbol- HGINFRA Dear Sirs, Sub: Investor Presentation Please find enc
Slide 2: Strong performance, Stronger outlook
H.G. Infra Engineering Ltd. Strong performance, Stronger outlook Investor Presentation Q4 & FY21
Slide 3: Agenda
Agenda 1 Q4 & FY21 Financial/Operational Highlights 2 On the trajectory of higher growth 3 Stronger outlook strengthened by opportunities
Slide 4: Q4 & FY21 Financial/Operational Highlights
Q4 & FY21 Financial/ Operational Highlights
Slide 5: Our achievements despite a challenging year
Our achievements despite a challenging year Revenue (Rs Mn) EBITDA (Rs Mn) & EBITDA Margin (%) PAT (Rs Mn) & PAT Margin (%) 16.3% 16.2% 8.2% 9.5% Quarter Highlights 10,278 1,665 977 65% 64% 91% 6,229 1,014 513 Q4FY20 Q4FY21 Q4FY20 Q4FY21 Q4FY20 Q4FY21 15.6% 16.2% 7.5% 8.3% Annual Highlights 25,275 2
Slide 6: Standalone profit & loss statement
Standalone profit & loss statement Rs Mn Q4FY21 Q4FY20 YoY FY21 FY20 YoY Revenue from operations 10,278 6,229 65.0% 25,275 21,961 15.1% Cost of material consumed 4,628 2,381 11,857 8,926 Contract and site expenses 3,589 2,426 7,952 8,137 Employee expenses 296 291 1,093 1,114 Other expenses 100 117 2
Slide 7: Consolidated profit & loss statement
Consolidated profit & loss statement Rs Mn Q4FY21 Q4FY20 YoY FY21 FY20 YoY Revenue from operations 10,563 6,341 66.6% 26,023 22,171 17.4% Cost of material consumed 4,628 2,381 11,857 8,926 Contract and site expenses 3,594 2,441 7,967 8,158 Employee expenses 300 293 1,108 1,123 Other expenses 114 137
Slide 8: Standalone Balance Sheet
Standalone Balance Sheet Rs Mn Mar’21 Mar’20 Rs Mn Mar’21 Mar’20 Share Capital 652 652 Fixed Assets incl. CWIP 4,813 4,870 Reserves 9,670 7,564 Other Financial Assets 2,771 1,138 Shareholders' Funds 10,322 8,216 Other Non Current Assets 181 207 Secured Loans 945 640 Total Non-Current Assets 7,765 6,
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet Rs Mn Mar’21 Mar’20 Rs Mn Mar’21 Mar’20 Share Capital 652 652 Fixed Assets incl. CWIP 4,818 4,872 Reserves 9,974 7,611 Other Financial Assets 4,241 1,150 Shareholders' Funds 10,626 8,263 Other Non Current Assets 311 255 Secured Loans 5,570 2,130 Total Non-Current Assets 9,
Slide 10: Debt breakup
Debt breakup Consolidated Debt Breakup Standalone Debt Breakup 20% 37% 63% 80% Standalone Debt Project Debt Term Loan Working Capital Rs Mn March-21 Rs Mn March-21 Standalone debt 2,890 Term loan + current maturities* 2,322 Project debt 4,820 Working capital 568 Total consolidated debt 7,710 Total s
Slide 11: Robust and well diversified order book
Robust and well diversified order book Unexecuted Value Project Awarding Authority (Rs Mn) Private Client wise break-up: 22% Delhi Vadodara Pkg-9 NHAI 10,339 Optimum mix of Mancherial - Repallewa Adani 7,748 prime contracts and Govt. select private projects Hapur Morradabad IRB - MRM 5,854 78% Delhi
Slide 12: An expanding portfolio of HAM projects
An expanding portfolio of HAM projects Physical Grant Total Invested Debt as on Awarding Kms BPC Progress on Project State Amount Debt Equity 31st Mar ’21 authority Lanes (Rs. Mn) 31st Mar ’21 (Rs. Mn) (Rs. Mn) (Rs. Mn) (Rs. Mn) (%) Gurgaon-Sohna NHAI Haryana 12.7 6,060 2,424 2,879 656.0 1,939.5 82%
Slide 13: On the trajectory of higher growth
On the trajectory of higher growth
Slide 14: Robust execution capabilities reflected in strong growth in revenue and order book
Robust execution capabilities reflected in strong growth in revenue and order book Revenue (Rs Mn) Order Book (Rs Mn) and Book to Bill (x) 22.0% CAGR 15.2% CAGR 71,028 70,400 25,275 62,223 21,961 20,098 46,071 13,927 3.3 3.1 3.2 2.8 FY18 FY19 FY20 FY21 Mar'18 Mar'19 Mar'20 Mar'21 Timely execution of
Slide 15: And increasing geographic presence across India
And increasing geographic presence across India FY15 FY21 Current Order Book Rajasthan 10 Projects Maharashtra 7 Projects Haryana 4 Projects Telangana 3 Projects Uttar Pradesh 1 Project Andhra Pradesh 1 Project 14
Slide 16: Strong repository of asset base enabling efficient execution
Strong repository of asset base enabling efficient execution Gross Block (Rs Mn) Fixed Asset Turnover (x) 7,602 6,898 5.2 6,106 4.5 4.6 4.6 4,897 Mar'18 Mar'19 Mar'20 Mar'21 Mar'18 Mar'19 Mar'20 Mar'21 Invested ~Rs 2,705 Mn in plant and machinery in last 3 years Fleet of modern construction equipmen
Slide 17: Coupled with rich resource pool of skilled and talented workforce
Coupled with rich resource pool of skilled and talented workforce No. of Employees Employee Expense (% of revenue) 4,600 4,018 5.9% 5.9% 6.0% 5.5% 3,570 3,171 Mar'18 Mar'19 Mar'20 Mar'21 Mar'18 Mar'19 Mar'20 Mar'21 ✓ Employees include full time employees as well as manpower service ✓ Employee expens
Slide 18: Delivering value through a disciplined approach
Delivering value through a disciplined approach EBITDA (Rs Mn) and Margin (%) PAT (Rs Mn) and Margin (%) 4,107 2,110 3,419 27% Return on Capital 1,657 3,032 Employed FY21 1,236 8.3% 2,081 16.2% 7.5% 15.6% 842 15.1% 14.9% 6.1% 6.0% 20% Return on Equity FY21 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 Str
Slide 19: Boosting financial robustness through healthy balance sheet
Boosting financial robustness through healthy balance sheet Net Working Capital (Days) Debt to Equity (x) Debtor Days Inventory Days Creditor Days Rs 5,273 Mn Cash Flow from 0.75 52 Days 46 Days 41 Days 33 Days Operations FY21 0.58 95 91 88 0.45 79 69 69 Rs 2,704 Mn 0.28 52 51 51 Free Cash Flow 46 4
Slide 20: Stronger outlook strengthened by opportunities
Stronger outlook strengthened by opportunities
Slide 21: Moving forward in our growth journey..
Moving forward in our growth journey.. Phase I (2008-2012) Phase II (2013-2017) Phase III (2018-2021)… ...& beyond Subcontractor with major Upcoming prime contractor Leading road developer with experience in 1 state starting contracts with NHAI pan India presence Capabilities PWD/ Civil construction
Slide 22: .. On the back of well laid out strategy
.. On the back of well laid out strategy Core focus on road EPC & HAM - Continue focus on EPC Projects and timely execution with strong discipline in order selection - Look at selective HAM projects with a goal of maintaining healthy IRR - Explore opportunities to monetize HAM projects and free up e
Slide 23: Tapping opportunities beyond road
Tapping opportunities beyond road Railways & Metro Water Infrastructure Airports • A National Rail Plan was introduced to develop • In 2019, the Jal Jeevan Mission was introduced for • The Udaan Scheme was introduced in 2017 to boost capacity, infrastructure and enhance rail freight ahead the purpos
Slide 24: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by HG Infra Engineering 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 s
Slide 25: Thank You
Thank You HG Infra Engineering Ltd Rajeev Mishra, CFO rajeev.mishra@hginfra.com III Floor, Sheel Mohar Plaza, A-1, Tilak Marg, C-Scheme, Jaipur - 302001 Pareto Capital (Investor Relations) Pooja Dokania pooja.dokania@paretocapital.in Rishav Das rishav.das@paretocapital.in 210, B Wing, Kanakia Wall S
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