Slide 1: Cover letter to stock exchanges: Investor Presentation Q3 & 9M FY20
Ref : CIL/STEX 30/Q3FY20 Date : February 10, 2020 To The Secretary, The Secretary, BSE Limited National Stock Exchange of India Limited Corporate relation Dept, Plot No. C/1, G Block, P.J. Towers, Bandra Kurla Complex Dalal Street, Fort, Bandra (East) Mumbai-400 001 Mumbai-400 051 Scrip Code – /Scri
Slide 2: Capacit'e Infraprojects Ltd. On a Long-term Growth Path
Oberoi, Enigma, MMR Capacit'e Infraprojects Ltd. On a Long-term Growth Path… Investor Presentation Q3 & 9M FY20 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: Q3 & 9M FY20 Standalone Performance
Q3 & 9M FY20 Standalone Performance
Slide 5: 9M FY20 Standalone Performance Highlights
9M FY20 Standalone Performance Highlights Total Income (In ₹) EBITDA (In ₹) EBITDA Margins PAT (In ₹) 25.0% 1,241 Crores 6.2% YoY 229 Crores 6.2% YoY % 18.4% 210 Bps 87 Crores YoY Cash PAT (In ₹) Order Book (In ₹) Order Inflow (In ₹) 163 Crores 16.6% YoY ~10,820 Crores ~ 5,244 Crores (Private + Publ
Slide 6: Robust performance in the face of acute challenges
Robust performance in the face of acute challenges What did we do in the time of crisis Consequences of our actions • Equally balanced order book between Public (49%) NBFC Crisis (Q3FY19) & Private (51%), thereby significantly safeguarding ourselves from the expected slowdown in the Derisk our Busin
Slide 7: Our Order Book
Our Order Book (Standalone) (Under an Integrated SPV) ▪ Total Order Inflow during 9M FY20 was ~ ₹ 5,244 Crores Public Private ` MHADA ▪ Added New marquee Sector Sector names to the clientele: • PWD c • CIDCO • Raymond Limited • K Raheja Corp with GIC Singapore • Phoenix Market City Order Book Order
Slide 8: Order Book Details
Order Book Details (₹ In Crs) Order Backlog Project Split Category wise split 10,820 7,177 5,682 High Rises 4,289 & Super High Rises Residential Mixed Use 24% 52% 34% FY17 FY18 FY19 9M FY20 (₹ In Crs) Order Inflow 5,244 3,629 2411 2446 76% 14% Commercial Other Buildings & FY17 FY18 FY19 9M FY20 Inst
Slide 9: Key Delivered / Virtually Completed Marquee Projects
Key Delivered / Virtually Completed Marquee Projects Lodha – The Park Saifee Burhani Upliftment Trust Tata Trust – Cancer Hospital Brookfield – Unitech developers MLCP* Godrej – Central Brookfield – Seaview Developers Phase 1 Godrej – Summit Sattava Group – Sattva Salarpuria Cadenza Hiranandani – Th
Slide 10: 9M FY20 Financial highlights
9M FY20 Financial highlights Total Income (₹ in Cr.) EBITDA (₹ in Cr.) EBITDA Margin (%) PBT (₹ in Cr.) 1,324 1,241 215 229 18.4 110 16.3 99 -6.2% +6.2% +210 bps -10.6% 9M FY19 9M FY20 9M FY19 9M FY20 9M FY19 9M FY20 9M FY19 9M FY20 PAT (₹ in Cr.) PAT Margin (%) Cash PAT (₹ in Cr.) Cash PAT Margin (
Slide 11: Q3 & 9M FY20 Standalone Profit & Loss
Q3 & 9M FY20 Standalone Profit & Loss Particulars (₹ In Crs) Q3 FY20 Q3 FY19 Y-o-Y 9M FY20 9M FY19 Y-o-Y *Cash PAT = TCI + Revenue from Operations 404.9 449.4 -9.9% 1,221.5 1,290.0 -5.3% Depreciation + Other Income 4.9 11.3 19.8 34.0 Deferred Tax Total Income 409.8 460.7 -11.0% 1,241.3 1,323.9 -6.2%
Slide 12: Strong Standalone Balance Sheet with low leverage
Strong Standalone Balance Sheet with low leverage ASSETS (₹ In Crs) Sept-19 Mar-19 EQUITY AND LIABILITIES (₹ In Crs) Sept-19 Mar-19 NON-CURRENT ASSETS 898 726 EQUITY 899 843 Property, plant & equipment: Core Assets 391 369 Equity Share capital 68 68 Site Establishment 177 143 Other equity 831 775 Ot
Slide 13: Key Financial Indicators
Key Financial Indicators ROE ROCE 17.6% 12.6% 11.3% 16.2% 16.0% 10.5% FY18 FY19 9MFY20* FY18 FY19 9MFY20* ROE = PAT ÷ Net Worth ROCE = EBIT ÷ (Net Worth + Long Term Borrowings + Short Term Borrowings) Net Debt : Equity (x) Net Core Fixed Asset T/O (x) 4.4 4.9 4.0 0.10 0.00 FY18 FY19 9MFY20 -0.11 FY1
Slide 14: Hybrid Service Portfolio = Private + Public
‘BEST OF BOTH WORLDS’ Hybrid Service Portfolio = Private + Public Embarking On A Long-term Growth Path…
Slide 15: Developed our service portfolio by capturing the complexities
Developed our service portfolio by capturing the complexities … CAPACIT'E is unlike a commoditized construction company… “We do our business DIFFERENTLY” 2018 Onwards High Rise 2016 Onwards Super High Rise High Rise Gated Communities 2014 Onwards Super High Rise Commercial Office Gated Communities M
Slide 16: ... & built a sustainable model
... & built a sustainable model Sustainable Model: Timely Orderbook Execution + Technology Focus + Large Opportunity = SUSTAINABLE PROFITABILITY Factory & Buildings Continuous Risk Large Leveraging Maximization (F&B) Approach Mitigation Opportunity Ecosystem Maximize existing Assets & human resource
Slide 17: Hybrid Service Portfolio = Private + Public
Hybrid Service Portfolio = Private + Public Opportunity Enhances the multi fold construction opportunity in the world’s fastest growing economy, for a young company as Capacit'e Efficiency Benefit from the Large Central Schemes of the Government aimed Hybrid Service Portfolio towards Better Hospital
Slide 18: Orderbook Size
Hybrid Service Portfolio – Builds Diversity FY18 FY19* 9MFY20* Public Public 0% 13% Sector wise Split Public Private 49% 51% Private Private 100% 87% Private Order Book Private Order Book ₹ 6,262 Crores ₹ 5,469 Crores + + Orderbook Size Private Order Book Public Order Book Public Order Book ₹ 5,682
Slide 19: Strategic Priorities
Strategic Priorities Marquee Clientele Account Groups Design & Build Lean Balance Sheet Cash Flows Work with Large and Liquid Deepen the culture of account Design & Build projects, Most sustainable companies Strong Cash Flow Focus leading Clients in the country, driven approach, in which we attracti
Slide 20: Standing at a point of INFLECTION (1/2)
Standing at a point of INFLECTION (1/2) CAPACIT'E at a point of INFLECTION Concentration into larger but fewer sites 57 53 Higher revenue per site ~40 Control on fixed overheads Margin improvement Mar18 Mar19 Mar20 19 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 21: Standing at a point of INFLECTION (2/2)
Standing at a point of INFLECTION (2/2) Provides visibility of robust financial performance, with sustainable positive operating cash flows and stable margin profile making CAPACIT'E an eminent company in the construction EPC space Large & Hybrid order book from elite clientele representing the best
Slide 22: New Way of Execution… To Timely deliver Orders
New Way of Execution… To Timely deliver Orders Disruptions create Opportunities to Strengthen Business Model Quick decision making SOP’s Training Technology Centralization Maintenance of highest Quality standards Centralised our controls with the objective to Extend Processes to IT tools minimise di
Slide 23: Project Profile
Project Profile
Slide 24: Tata Trust Cancer Hospital (Varanasi)
Tata Trust Cancer Hospital (Varanasi) 23 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 25: Godrej Summit (Gurgaon)
Godrej Summit (Gurgaon) 24 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 26: Our Creations (1/6)
Our Creations (1/6) Loadha The Park, Oberoi The Enigma, Nahar Exallibur, Mumbai MMR Mumbai MMR Mumbai MMR 25 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 27: Our Creations (2/6)
Our Creations (2/6) Godrej Emerald, Sattva Salarpuria, Mumbai MMR Bengaluru 26 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 28: Our Creations (3/6)
Our Creations (3/6) Auris Serenity, Neelkanth, Paras Qartier, Mumbai MMR Mumbai MMR Delhi 27 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 29: Our Creations (4/6)
Our Creations (4/6) Bharti Worldmark, Emmar Imperial, NCR NCR 28 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 30: Our Creations (5/6)
Our Creations (5/6) Rustomjee seasons, Sir Ganga Ram Hospital – Multi Level Car Park, Wadhwa W54, Mumbai MMR Delhi Mumbai, MMR 29 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 31: Our Creations (6/6)
Our Creations (6/6) Four Seasons, Sahana Sheth BEAU-MONTE, Brookfield, Mumbai MMR Mumbai MMR NCR 30 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 32: Strong Financials to Achieve Growth
Strong Financials to Achieve Growth On A Long-term Growth Path…
Slide 33: Next Phase of Growth…Ready for Execution…
Next Phase of Growth…Ready for Execution… Order Book to Sales Ratio Order Book (₹ in Cr.) Ex of MHADA (No. of years) 10,820 6.3 7,177 4.2 3.8 3.9 5,682 4,289 FY17 FY18 FY19 9M FY20 FY17 FY18 FY19 9MFY20 32 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 34: …and to deliver robust financial performance
…and to deliver robust financial performance Total Income (₹ in Cr.) EBITDA (₹ in Cr.) Cash PAT (₹ in Cr.) 198 285 1,825 163 161 228 229 212 1,360 135 1,241 1,140 FY17 FY18 FY19 9MFY20 FY17 FY18 FY19 9MFY20 FY17 FY18 FY19 9MFY20 33 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 35: Profit & Loss Statement
Profit & Loss Statement Particulars (₹ In Crs) FY19 FY18 FY17 Revenue from Operations 1,788 1,336 1,125 Other Income 37 24 15 Total Income 1825 1,360 1,140 Cost of Material Consumed (Incl. Construction Expenses) 1,320 966 796 Employee Expenses 146 117 87 Other Expenses 73 49 46 EBITDA 285 228 212 EB
Slide 36: Balance Sheet
Balance Sheet ASSETS (₹ In Crs) Mar’19 Mar’18 Mar’17 EQUITY AND LIABILITIES (₹ In Crs) Mar’19 Mar’18 Mar’17 NON-CURRENT ASSETS 726 543 381 EQUITY 843 749 299 Property, plant & equipment 539 409 324 Equity Share capital 68 68 44 Capital work-in-progress 4 0 7 Intangible assets 2 1 2 Other equity 775
Slide 37: 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. Alok Mehrotra (President, Corporate Finance) Mr. Shogun Jain / Mr. Pratik R. Shah ir@capacite.i