Va Tech Wabag Limited · NSE:WABAG
Va Tech Wabag — Q2 FY2020 Earnings Presentation
20 slides from Va Tech Wabag's earnings presentation, Nov 12, 2019
Slide 1: Cover letter to stock exchanges on results presentation
C--- --- WABAG An ISO 9001 Company 12th November 2019 National Stock Exchange of India Limited BSE Limited, Exchange Plaza, Plot No. C/1, G Block, Floor 25, P J Towers, Bandra Kuria Complex, Dalai Street, Bandra (E), Mumbai — 400 001 Mumbai — 400 051 Dear Sir / Madam, Sub: Presentation on Unaudited
Slide 2: Result Update Presentation Q2 FY 2019-20
VA TECH WABAG LTD. RESULT UPDATE PRESENTATION Q2 FY 2019 - 20
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by VA TECH WABAG 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 secu
Slide 4: Index
Index 1 Key Highlights 2 Quarterly Performance 3 Order Book Analysis 3 Water +ve
Slide 5: Business Overview
Business Overview Refinery and Petrochemical Integrated Development Project (RAPID), Pengerang, Johor, Malaysia 4
Slide 6: Key Highlights Q2 FY 20
Key Highlights Q2 FY 20 5 Water +ve
Slide 7: Key Highlights
Key Highlights Consolidated Revenue at INR 10.9 Bn Consolidated PAT at INR 297 Mio Order Intake of over INR 30.4 Bn Order Book of INR 115 Bn including framework orders Izmir Kavaklidere Water Treatment Plant, Turkey 6 Water +ve
Slide 8: Quarterly Performance
Quarterly Performance 7 Water +ve
Slide 9: Results Overview – Consolidated Profit and Loss
RESULTS OVERVIEW – Consolidated Profit and Loss Rs. Millions Q2 FY 20 Q2 FY 19 YOY % H1 FY 20 H1 FY 19 YOY % Revenue from 6,361 7,520 (15.4%) 10,927 14,398 (24.1%) • Project progress operations picked up in Q2 FY 20, Cost of Sales 4,768 5,963 (20.0%) 8,035 11,114 (27.7%) especially on new key Total
Slide 10: Results Overview – Standalone Profit and Loss
RESULTS OVERVIEW – Standalone Profit and Loss Rs. Millions Q2 FY 20 Q2 FY 19 YOY % H1 FY 20 H1 FY 19 YOY % Revenue from • Revenue de-growth on 4,428 5,209 (15.0%) 7,668 8,611 (10.9%) account of new projects Operations in startup phase and Cost of Sales 3,481 4,088 (14.9%) 5,679 6,585 (13.8%) expecte
Slide 11: Results Overview – Balance Sheet
RESULTS OVERVIEW – Balance Sheet Consolidated Standalone Rs. Millions Sep’19 Mar’19 Sep’19 Mar’19 Total Equity (Net Worth) 11,083 10,856 9,546 9,167 Non-Current Liabilities 2,578 2,732 2,076 2,135 Trade Payables 15,072 15,914 11,027 11,145 Short Term Borrowings 4,987 4,841 3,890 3,410 Other Current
Slide 12: Cash Flow Statement
Cash Flow Statement Consolidated Standalone Rs. Millions H1 FY 20 H1 FY 19 H1 FY 20 H1 FY 19 Operating profit before working capital changes 1,069 1,376 997 1,046 Net cash generated from/(used in) operations 1,188 (153) 456 15 Net cash generated from/(used) in investing activities (73) 157 (102) (16
Slide 13: Results Overview – Working Capital Highlights
RESULTS OVERVIEW – Working Capital Highlights Rs. Millions Sep’19 Mar’19 Sep’18 Inventories 228 153 395 Trade Receivables 13,943 13,510 14,626 Loans and Advances 499 446 414 Other Current Assets 13,252 14,997 16,461 Total Current Assets (A) 27,921 29,106 31,896 Trade Payables 15,072 15,914 16,213 Ot
Slide 14: Revenue Breakup – H1 FY 20
Revenue Breakup – H1 FY 20 EPC O&M Rs. Millions EPC O&M Total 15% Municipal Industrial Municipal Industrial Wabag India 3,946 2,804 678 116 7,544 85% Wabag Overseas 1,838 564 636 158 3,196 Municipal Industrial 34% Total 5,784 3,368 1,314 274 10,740 66% EPC [Rs. Bn.] O&M [Rs. Bn.] India Europe MDUs*
Slide 15: Key Projects Contributing to Revenue – H1 FY 20
Key Projects Contributing to Revenue – H1 FY 20 Revenue recognized Project Details [Rs. Mn] Dangote, Nigeria - ETP & RWTP 1,280 Koyambedu, Chennai – TTP 819 Expansion SWTP 9, Jubail, KSA – STP 714 Polghawela, Sri Lanka – WTP 698 HMEL, Bathinda – ETP & RWTP 651 MRPL, Karnataka – Desal 517
Slide 16: Order Book Analysis
Order Book Analysis 15 Water +ve
Slide 17: Order Intake Breakup
Order Intake Breakup EPC O&M Rs. Millions EPC O&M Total Municipal Industrial Municipal Industrial 58% 42% Wabag India 10,415 295 16,862 9 27,581 Municipal Industrial Wabag Overseas 1,865 178 726 104 2,873 2% Total 12,280 473 17,588 113 30,454 Order Value 98% Key Orders Received (Rs. Mn.) India Europ
Slide 18: Order Book Composition
Order Book Composition Rs. Millions EPC O&M Total EPC O&M Municipal Industrial Municipal Industrial 29% Wabag India 26,646 13,270 23,793 1,878 65,587 NMCG (SPVs) 71% - EPC 7,947 - 1,453 - 9,400 - HAM 5,959 - 2,268 - 8,227 Municipal Industrial Wabag Overseas 20,557 2,631 1,276 317 24,781 17% Framewor
Slide 19: Order Book and Framework Contracts; Guidance for FY 20
Order Book of Rs. 108 Bn & Framework Contracts of Rs. 6.9 Bn Key Contracts in Orderbook Key Framework Contracts * Project Details Amt [Rs. Mn] Libya STP of Rs. 6,114 Mn UPJN, O&M of Agra & Ghaziabad 14,776 Koye Fetche, Ethiopia of Rs. 882 Mn BUIDCO, Digha & Kankarbagh – STP Network 11,878
Slide 20: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : VA Tech Wabag Ltd. Stellar IR Advisors Pvt. Ltd. CIN - L45205TN1995PLC030231 CIN - U74900MH2014PTC259212 Mr. Gaurang Vasani, Managing Director investors@wabag.in vgaurang@stellar-ir.com www.wabag.com www.stellar-ir.com 1