H.g. Infra Engineering Ltd. · NSE:HGINFRA
H.g. Infra Engineering — Q4 FY2022 Earnings Presentation
24 slides from H.g. Infra Engineering's earnings presentation, May 24, 2022
Slide 1: Exchange filing cover letter
CIN : L45201 PIJ2003PLC018049 HGIELI May 24, 2022 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/ 973671 Scrip Symbol- HGINFRA Dear Sir"a
Slide 2: H.G Infra Engineering Ltd. Investor Presentation Q4 & FY22
H.G Infra Engineering Ltd. Investor Presentation Q4 & FY22
Slide 3: HG Infra, Financial Highlights, Operational Highlights
1 HG Infra Our Journey So Far Financial Highlights 2 Q4 & FY22 3 Operational Highlights Q4 & FY22
Slide 4: Company overview
Company overview Leading Road/ Highway Construction Company Pan India Presence North 20% 19 20+ 9 8 100% South 40% East 28% Years of execution Active Projects HAM Projects States North India West 12% (Incorporation) (Today) Strong Growth Trajectory Robust Business Model 27% 29% 42% 2,000+ Multiple 4
Slide 5: What we promised vs what we delivered in FY22
What we promised vs what we delivered in FY22 Revenue (Rs Cr) Order Inflow (Rs Cr) Target Outcome FY22 Target Outcome FY22 ≥3,400 3,615 ≥5,000 4,328 Revenues increased by 43% year on year, Order inflow was muted during the year given the increasing maintaining our steadfast commitment towards compet
Slide 6: One of the fastest growing EPC companies
One of the fastest growing EPC companies Revenue (Rs Mn) Order Book (Rs Mn) 27% CAGR 15% CAGR 36,152 79,729 71,028 70,400 62,223 25,350 21,961 20,098 46,071 13,927 FY18 FY19 FY20 FY21 FY22 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Timely execution of all projects with no delays in any project Standalone fi
Slide 7: With profitability growth outpacing revenue growth
With profitability growth outpacing revenue growth EBITDA (Rs Mn) and Margin (%) PAT (Rs Mn) and Margin (%) 29% CAGR 42% CAGR 33% 3,388 5,847 Return on Capital Employed FY22 4,181 2,110 3,419 9.4% 3,032 1,657 1,236 8.3% 2,081 16.4% 16.2% 25% 843 7.5% 15.6% Return on Equity 14.9% 15.1% FY22 6.1% 6.1%
Slide 8: Strong repository of assets promoting efficiencies
Strong repository of assets promoting efficiencies Gross Block (Rs Mn) Fixed Asset Turnover (x) 7.8 8,077 7,602 6,898 6,106 5.2 4,897 4.5 4.6 4.6 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Mar'18 Mar'19 Mar'20 Mar'21 Mar'22 Invested ~Rs 3,596 Mn in plant and machinery in last 4 years Fleet of modern constru
Slide 9: Maintaining a healthy balance sheet
Maintaining a healthy balance sheet Net Working Capital (Days) Debt to Equity (x) Debtor Days Inventory Days Creditor Days 0.75 52 Days 46 Days 41 Days 33 Days 31 Days 0.58 95 91 88 0.45 79 69 69 0.28 54 52 51 51 49 46 0.23 45 42 36 FY18 FY19 FY20 FY21 FY22 ✓ Debtor days = Average Trade Receivables
Slide 10: HG Infra, Financial Highlights, Operational Highlights
1 HG Infra Our Journey So Far Financial Highlights 2 Q4 & FY22 3 Operational Highlights Q4 & FY22
Slide 11: Consistent financial performance and growth
Consistent financial performance and growth Revenue (Rs Mn) EBITDA (Rs Mn) & EBITDA Margin (%) PAT (Rs Mn) & PAT Margin (%) Quarter Highlights 16.4% 15.3% 9.5% 8.9% 10,308 10,259 1,694 -1% -7% 1,568 -7% 977 911 Q4FY21 Q4FY22 Q4FY21 Q4FY22 Q4FY21 Q4FY22 Revenue (Rs Mn) EBITDA (Rs Mn) & EBITDA Margin
Slide 12: Standalone profit & loss statement
Standalone profit & loss statement Particulars Q4FY22 Q4FY21 YoY FY22 FY21 YoY Revenue from operations 10,259 10,308 -0.5% 36,152 25,350 42.6% Cost of material consumed 5,066 4,628 17,919 11,857 Contract and site expenses 3,204 3,589 10,763 7,952 Employee expenses 335 296 1,279 1,093 Other expenses
Slide 13: Consolidated profit & loss statement
Consolidated profit & loss statement Particulars Q4FY22 Q4FY21 YoY FY22 FY21 YoY Revenue from operations 10,647 10,592 0.5% 37,514 26,097 43.7% Cost of material consumed 5,066 4,627 17,919 11,857 Contract and site expenses 3,209 3,594 10,782 7,967 Employee expenses 340 300 1,299 1,108 Other expenses
Slide 14: Standalone Balance Sheet
Standalone Balance Sheet Rs Mn Mar’22 Mar’21 Rs Mn Mar’22 Mar’21 Share Capital 652 652 Fixed Assets incl. CWIP 4,494 4,813 Reserves 12,992 9,670 Other Financial Assets 3,892 2,771 Shareholders' Funds 13,644 10,322 Other Non Current Assets 242 181 Secured Loans 1,598 945 Total Non-Current Assets 8,62
Slide 15: Consolidated Balance Sheet
Consolidated Balance Sheet Rs Mn Mar’22 Mar’21 Rs Mn Mar’22 Mar’21 Share Capital 652 652 Fixed Assets incl. CWIP 4,499 4,818 Reserves 13,708 9,974 Other Financial Assets 9,148 4,241 Shareholders' Funds 14,360 10,626 Other Non Current Assets 1,292 311 Secured Loans 9660 5,570 Total Non-Current Assets
Slide 16: Debt Breakup
Debt Breakup Consolidated Debt Breakup Standalone Debt Breakup 27% 31% 55% 73% 14% Standalone Debt Project Debt Term Loan Working Capital NCD Rs Mn Mar-22 Rs Mn Mar-22 Standalone debt 3,147 Term loan + current maturities* 1,738 Non-Convertible Debentures (NCD) 970 Project debt* 8,686 Working capital
Slide 17: HG Infra, Financial Highlights, Operational Highlights
1 HG Infra Our Journey So Far Financial Highlights 2 Q4 & FY22 3 Operational Highlights Q4 & FY22
Slide 18: Projects completed during the year
Projects completed during the year HAM Projects ▪ Banar – Bopalgarh (Rajasthan) - BPC – Rs 2,070 Mn - Completion effective from 12th April 2021 Received PCOD for EPC Projects ▪ Morshi – Chandur Bazar- Achalpur (Maharashtra) - BPC – Rs 2,380 Mn Rewari Ateli Mandi Gurgaon Sohna Narnaul Bypass - Comple
Slide 19: Other project updates/developments during the year
Other project updates/ develpments during the year ▪ Awarded EPC project in the State of Karnataka in the month of Jan ’22 - Development of Six Lane highway with access control of Neelmangala-Tumkar including Tumkar bypass section of NH-48 under Bharatmala Pariyojna Phase I - Bid Project Cost – Rs 8
Slide 20: Well diversified order book as on 31st March 2022
Well diversified order book as on 31st March 2022 ~Completion Private Awarding Unexecuted Value 8% Project Project Status Progress as on Authority (Rs Mn) 31st ’Mar’ 22 Client type break- Delhi Vadodara Pkg-9 NHAI Under Execution 59% 4,955 up Mancherial - Repallewa Adani Under Execution 56% 4,057 Go
Slide 21: Expanding selective HAM projects
Expanding selective HAM projects Physical Grant Total Invested Debt as on Awarding BPC Progress on Project State Kms Lanes Amount Debt Equity 31st Mar ‘22 authority (Rs. Mn) 31st Mar’ ’22 (Rs. Mn) (Rs. Mn) (Rs. Mn) (Rs. Mn) (%) Gurgaon-Sohna NHAI Haryana 12.7 6,060 2,424 2,879 729 2,499 100% (Rajiv
Slide 22: Status of new projects
Status of new projects Project BPC LOA State Agreement Signed Status of Land Appointed Date Type (Rs Mn) Received ~95% land is Declared w.e.f. 28th Karala-Kanjhawala UER Delhi EPC 13,931 23rd July 2021 8th Sept 2021 available Oct 2021 ~81% land is Declared w.e.f. 31st Raipur Visakhapatnam AP-1 Andhr
Slide 23: 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 24: 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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