Gayatri Projects Limited · NSE:GAYAPROJ
Gayatri Projects — Q4 FY2017 Earnings Presentation
33 slides from Gayatri Projects's earnings presentation, Jun 2, 2017
Slide 1: Intimation to stock exchanges of investor call and results presentation
Oy GAYATRI 2" June, 2017 To, To, The General Manager, . The Secretary, The Department of Corporate Relations, National Stock Exchange of India Ltd. The Bombay Stock Exchange Limited., 5" Floor, Exchange Plaza 25" Floor, Phiroz Jeejeebhoy Towers, Plot No.C/1, G Block Dalal Street, Mumbai — 400 001 Ba
Slide 2: Q4 & FY17 Earnings Call invitation
Gayatri Projects Ltd Q4 & FY17 Earnings Call Tuesday, June 6, 2017 at 11 am IST Hyderabad, June 2, 2017: Gayatri Projects Limited (GPL), a prominent and well established infrastructure company specializing in road, irrigation and industrial projects, with a pan India presence and a strong asset deve
Slide 3: Q4 & FY17 Results Presentation
Q4 & FY17 Results Presentation June, 2017
Slide 4: Disclaimer
Disclaimer Some of the statements in this presentation that are not historical facts are forward looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business an
Slide 5: Gayatri Projects Ltd. – A Snapshot
Gayatri Projects Ltd. – A Snapshot Pedigreed construction business…. • More than 50 year old construction business • Well diversified: Geographically, Practice areas / Service offerings • Focus on asset-light pure EPC work • Tripled order-book in last 24 months to Rs.130bn, among highest market shar
Slide 6: Index
Index Financial Highlights – Q4 & FY17 Order Book FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 4 Copyright 2017 Gayatri Project Ltd
Slide 7: Financial Highlights – Q4 & FY17
Financial Highlights – Q4 & FY17 Order Book FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 5 Copyright 2017 Gayatri Project Ltd
Slide 8: Snapshot - FY17 Financial Performance
Snapshot - FY17 Financial Performance 17% 25% 53% REVENUE EBITDA Pre-Excep ORDER PAT BOOK* Rs.2,115cr Rs.325cr Rs.90cr Rs.12,932cr * As of Apr 1, 2017, 3 in-operative irrigation orders totaling Rs1,778cr removed from order book in 2Q. 6 Copyright 2017 Gayatri Project Ltd
Slide 9: Q4 FY17 Highlights
Q4 FY17 Highlights Figs. In crore • Revenue for the quarter grew 22% YoY to highest ever Rs.813cr. Expect the revenue momentum to continue on the back of strong order book and faster execution. • Operating margins for the quarter remained stable at 15.6% despite having to mobilize at new sites. 7 Co
Slide 10: Key Operational Highlights
Key Operational Highlights Record Substantial production in completion of mining – works at NH Over 10 Lakh 215 - Panikoili tons in 8 to Rimuli 4 months laning Appreciation from NHAI for Bagged Lift excellence in irrigation project orders at execution – EP Karnataka Express way @ Bagged Delhi CIDCO
Slide 11: Recent Developments
Recent Developments • Strong traction in order inflow; order book grew by ~3x • Power Assets – in past 24 months – SembCorp Gayatri Power Limited (SGPL) "(Formerly – Bagged orders in excess of Rs. 5,500 crore during FY17 NCCPPL)" concludes construction of its first 660 MW unit; expects to complete e
Slide 12: M.D.'s Comments
M.D.’s Comments Commenting on the results, Mr. Sandeep Kumar Reddy, Managing Director, Gayatri Projects Limited said “FY17 has a been a good year for us, a year wherein we have significantly transformed and strengthened our core EPC construction business – focusing on an asset-light business model.
Slide 13: Order Book
Financial Highlights – Q4 & FY17 Order Book FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 11 Copyright 2017 Gayatri Project Ltd
Slide 14: Order Book Update
Order Book Update Order Book - Details • Continued strong traction in order; backlog of Rs.12,932 Cr currently. This is after we have removed 3 in-operative irrigation orders totaling up to Rs1,778cr awarded by AP / Telangana govt. from the order book during Q2 FY17. Order Book – Break Up o Rs. 1,36
Slide 15: Recent Developments
Recent Developments Financial Highlights – Q4 & FY17 Order Book FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 13 Copyright 2017 Gayatri Project Ltd
Slide 16: Recent Developments
Recent Developments 1 Strong order inflows Comprehensive restructuring and separate 2 listing of road assets Power Genco Asset Holding Structure Optimised 3 – Call option written by Sembcorp SembCorp Gayatri Power – Nears completion of 4 construction work for its Second 660 MW unit 5 Board approves
Slide 17: EPC Biz – Momentum in Order Inflows continue
EPC Biz – Momentum in Order Inflows continue • Rs. 1,363 crore Irrigation project in JV with Rs. 1,363 crore Irrigation project in JV with M/s. RNS Infrastructure Ltd. & M/s. Sadguru Infratech Private Ltd. From Executive Engineer, Karnataka Neeravari Nigama Ltd • Scope of Work include – Design, Supp
Slide 18: Restructuring & Separate listing of Road Assets
Restructuring & Separate listing of Road Assets Subsidiary • Transfer of investments in Sai Gayatri Maatarini Tollways Limited Gayatri Gayatri Infra from Gayatri Projects Limited Step 1 Projects SMTL Domicile to Gayatri Domicile Private Ventures Ltd Ltd Pvt. Ltd Limited at book value • Post transfer
Slide 19: Optimization of Power Genco Asset Holding Structure - Sembcorp Call Option
Optimization of Power Genco Asset Holding Structure - Sembcorp Call Option GEVL was initially planning to increase stake in power generation subsidiaries (TPCIL, SGPL, 2640MW) to 30% each by raising capital through mezzanine funding. That plan has been aborted and a call option structure has been ne
Slide 20: Sembcorp Gayatri Power concludes construction of 1320 MW
Sembcorp Gayatri Power concludes construction of 1320 MW • Sembcorp Gayatri Power Limited (SGPL) (formerly NCC Power Projects Limited), completes construction of second unit of 660 Mw, marking the creation of 2,640 MW power complex • All 4 units of the power plant were commissioned between Sept 2015
Slide 21: Board approves sub-division of shares
Board approves sub-division of shares Board of Directors of the Company approved Sub-division of Nominal Value of equity shares of Rs. 10/- per share to Rs. 2/- per share Further, the Board also approved Alteration of Capital Clause in Memorandum of Association of the Company 19 Copyright 2017 Gayat
Slide 22: Asset-holding Subsidiaries
Financial Highlights – Q4 & FY17 Order Book FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 20 Copyright 2017 Gayatri Project Ltd
Slide 23: Development of Road Assets
Development of Road Assets Portfolio Summary • Gayatri Infra Ventures Ltd, a Concession subsidiary of Gayatri Projects GIVL Length Annuity Based Projects Status COD Period Stake (kms) Ltd dedicated towards (Years) development of road assets Gayatri Jhansi Roadways Limited PCC 51% Jun 2010 20 50.0 (G
Slide 24: Development of Power Assets
Development of Power Assets Portfolio Summary • Incorporated in 2008, Gayatri Energy Ventures Ltd is a Sembcorp Gayatri wholly owned subsidiary of Gayatri Projects TPCIL Power Project "(Formerly NCCPPL)" • Current Portfolio: Capacity 1,320 Mw (2x660 Mw) 1,320 Mw (2x660 Mw) o TPCIL & SGPL "(Formerly
Slide 25: Outlook
Financial Highlights – Q4 & FY17 Order Book FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 23 Copyright 2017 Gayatri Project Ltd
Slide 26: Outlook
Outlook • Government’s efforts towards reviving investment climate by stepping up infrastructure spend is likely to ensure continued addition to our already CONSTRUCTION strong order book. We expect to maintain the new order accretion pace achieved during last financial year. • Growth in constructio
Slide 27: About Us
Financial Highlights – Q4 & FY17 Order Book FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 25 Copyright 2017 Gayatri Project Ltd
Slide 28: About Us
About Us • Gayatri Projects Limited (Parent Company) core construction Company Company Structure • Dedicated subsidiaries to focus on Road and Power segment Gayatri Projects Ltd. Development of Road Assets: o GIVL, dedicated towards development of road assets Core Construction Development of Develop
Slide 29: Gayatri Projects – Construction arm
Gayatri Projects – Construction arm • Core Construction Company with a Pan India Presence • Rich DNA of almost 50 years’ experience in Project execution • Strong, well-diversified order book of Rs.12,932 cr currently. Among the market leaders in new EPC contracts awarded by NHAI. • Client list inclu
Slide 30: Financial Performance at a Glance
Financial Performance at a Glance… Figs. In crore 28 Copyright 2017 Gayatri Project Ltd
Slide 31: Annexure: Restructuring of Road Assets – Road Ahead
Financial Highlights – Q4 & FY17 Order Book FY17 Developments Asset-holding Subsidiaries Outlook About Us Annexure: Restructuring of Road Assets – Road Ahead 29 Copyright 2017 Gayatri Project Ltd
Slide 32: Scheme Conditional On Approvals/ Sanctions
Scheme Conditional On Approvals/ Sanctions This Scheme is conditional upon and subject to: Requisite approvals, clearances or permissions that may be required to be obtained under applicable laws, or where applicable, the waiting periods or time periods for approval of the Reserve Bank of India, r
Slide 33: For further information please contact
For further information please contact: K.G. Naidu (Vice President-Finance) Gavin Desa / Suraj Digawalekar Gayatri Projects Limited CDR India Tel: +91 40 23310330/23314284/4296 Tel: +91 22 66451237 / 66451235 Email: kgnaidu@gayatri.co.in Fax: +91 22 66451213 Email: gavin@cdr-india.com / suraj@cdr-in