Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — Q1 FY2021 Earnings Presentation
31 slides from Pnc Infratech's earnings presentation, 2020
Slide 1: PNC Infratech Limited Result Update Presentation – Q1 FY21
PNC Infratech Limited Result Update Presentation – Q1 FY21
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by PNC Infratech 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 securi
Slide 3: Key Highlights & Financials
1 Key Highlights & Financials PNC infratech 3
Slide 4: Key Highlights for Q1FY21
Key Highlights for Q1FY21 Rs. 905 cr. Rs. 120 cr. Rs. 60 cr. Revenue EBITDA PAT Revenue of Rs. 905 crore in Q1 FY21 as EBITDA of Rs. 120 crore in Q1 FY21 PAT is Rs. 60 crore in Q1 FY21 compared to Rs. 1,322 crore in Q1 FY20 compared to Rs. 179 crore in Q1 FY20 compared to Rs. 100 crore in Q1 FY20 EB
Slide 5: Status of HAM Projects
Status of HAM Projects 2 laning with paved shoulders of Dausa- Lalsot- Kauthun section of Received PCOD on Jul-16 BPC - Rs. 881 crore NH-11 A (Extension) in the state of Rajasthan under NHDP IV 14th February 2020 6 laning Chitradurga - Davanagere including Chitradurga bypass, in Mar-17 BPC - Rs. 1,4
Slide 6: Order-book Details
2 Order-book Details PNC infratech 6
Slide 7: Robust Order-book of over Rs. 7,700 crore
Robust Order-book of over Rs. 7,700 crore ◼ Remaining value of contracts under execution of Rs. Remaining 7,761 crore as on June 30, 2020 Key EPC Projects Under Awarding Value ◼ The below order is not included in orderbook as on Construction Authority (Rs. Crores) June 30, 2020: Nagpur-Mumbai ✓ Fina
Slide 8: Execution Status of Key Project
Execution Status of Key Project EPC Project Execution Status HAM Project Execution Status Appointed Date received and project Received PCOD on 14th Nagina-Kashipur Dausa-Lalsot-Kathun February 2020 (99.97% work is under-construction completed) Appointed Date received and project Koliwar-Bhojpur Appo
Slide 9: Portfolio of Development Projects on PPP Mode
3 PORTFOLIO OF DEVELOPMENT PROJECTS ON PPP MODE PNC infratech 9
Slide 10: Sizeable Project Portfolio: Operational Projects
Sizeable Project Portfolio: Operational Projects PNC Share of Invested Total Debt as on % State / JV Kms / TPC Invested Grant Project Authority Type Equity Debt 30th June ‘20 Stake Stretch Partners Lanes (Rs. Crs) Amount (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Ghaziabad UP / SREI, 35%* NHA
Slide 11: Asset Monetization Plan
Asset Monetization Plan ◼ Ghaziabad Aligarh Road Project ✓ The Company has entered into a Share Purchase Agreement (SPA) with Cube Highways and Infrastructure Pte. Ltd. for sale of 35% stake jointly held by the Company along with its wholly owned subsidiary, PNC Infra Holdings Limited in Ghaziabad A
Slide 12: Sizeable Project Portfolio: HAM Projects
Sizeable Project Portfolio: HAM Projects PNC Share of Invested Total Debt as on % State / Kms / TPC Invested Project Authority Status Equity Debt 30th June ‘20 Stake Stretch Lanes (Rs. Crs) Amount (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Raj/ 83.45/ Dausa-Lalsot 100% NHAI PCOD 820 65 65 371 361 NH11A
Slide 13: Annexure I – Summary Financials
4 Annexure I – Summary Financials PNC infratech 13
Slide 14: Standalone Profitability Statement – Quarter
Standalone Profitability Statement – Quarter Rs. Crores Q1 FY21 Q4 FY20 Q1 FY20 REVENUE 905.26 1,157.95 1,321.76 EBITDA 119.77 156.31 179.57 EBITDA margin 13.2% 13.5% 13.6% Other Income 19.12 15.94 13.51 Depreciation 27.01 32.36 30.48 Interest 25.28 31.64 17.92 Profit Before Tax 86.59 108.26 144.68
Slide 15: Consolidated Profitability Statement – Quarter
Consolidated Profitability Statement – Quarter Rs. Crores Q1 FY21 Q4 FY20 Q1 FY20 REVENUE 1,092.81 1,346.70 1,524.52 EBITDA 286.87 295.04 351.02 EBITDA margin 26.3% 21.9% 23.0% Other Income 30.28 30.12 74.81 Depreciation 74.79 75.61 98.05 Interest 116.47 118.28 92.71 Profit Before Tax 125.89 131.27
Slide 16: Segmental Revenue Break-up – Quarter
Segmental Revenue Break-up – Quarter Rs. Crores Q1 FY20 Q1 FY21 208.45 14% 187.55 17% 905.26 83% 1,316.07 86% EPC Toll/Annuity EPC Toll/Annuity PNC infratech 16
Slide 17: Net Working Capital Days - Standalone
Net Working Capital Days - Standalone 136 136 129 113 97 84 73 71 70 73 60 57 Mar/17 Mar/18 Mar/19 Jun/19 Mar/20 Jun/20 Debtors Net Working Capital PNC infratech 17
Slide 18: Annexure II – Company Overview
5 Annexure II – Company Overview PNC infratech 18
Slide 19: Introduction
Introduction Established track record of timely/early completion of projects Infrastructure construction, development and management company; expertise in execution of 1 projects including highways, bridges, flyovers, airport runways, industrial areas and transmission lines Executed 67 major infrast
Slide 20: Business Overview
Business Overview Roads & Highways EPC Completed 44 infrastructure road projects on EPC basis Power Transmission Roads & Highways BOT / Set up power transmission lines of OMT/ HAM approximately 350 km of 132/220 kilovolt Operating 6 BOT & 1 OMT project, lines on a turn-key basis comprising of both t
Slide 21: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) BOT Holdco for road and other infra projects PNC Bareilly Nainital Highways Private Limited (“PNCBNHPL”) 4 laning of the Bareilly-Almora section of SH 37 Ferrovia Transrail Solutions Private Limited (“FTSPL”) MP Highways Private Limited (“M
Slide 22: Integrated Business Model
Integrated Business Model Equipment Bank In-house Design & Engineering ▪ Ownership of a fleet of modern ▪ Controls the entire process from equipment enables quick conceptualization to commissioning mobilization besides ensuring of a given project which helps in continuous availability of critical pr
Slide 23: Enhanced Execution Capability
Enhanced Execution Capability Strong Credit Rating ◼ Long term bank facilities “CARE AA- (Double A Minus)” ◼ Short term bank facilities “CARE A1+ (A One plus)” ◼ “Stable” outlook Enhanced Working Capital Limits ◼ Enhanced Fund Based Limits from Rs. 750 crores to Rs. 1,000 crores which will enable us
Slide 24: Enhanced to augment & upgrade the execution
Enhanced to augment & upgrade the execution Rs. Crores - Capex addition 1,094 1,094 1,016 78 291 725 600 125 429 171 49 FY16 FY17 FY18 FY19 FY20 Jun-20 Present Capex will enable us to achieve a Turnover of Rs. 7,000-8,000 crores PNC infratech 24
Slide 25: Strengthening of In-house execution team
Strengthening of In-house execution team Current Total Employees: Over 6,700 - Employee addition 7,415 7,310 6,788 5,775 1,640 -105 -522 4,284 1,491 3,947 337 171 FY16 FY17 FY18 FY19 FY20 Jun-20 Strengthening of In-house execution team with induction of engineers with strong technical knowledge PNC
Slide 26: Strong Credit Rating
Strong Credit Rating Reaffirmed Reaffirmed Assigned / Upgraded ◼ PNC Infratech Ltd. ◼ PNC Khajuraho Highways Pvt. Ltd. ◼ PNC Triveni Sangam Highways Pvt. Ltd. ✓ Long term bank facilities stands at ✓ Long term bank facilities at CARE A-; ✓ Assigned CARE A-; Stable (Single A CARE AA-; Stable (Double A
Slide 27: Experienced Promoters
Experienced Promoters Mr. Pradeep Kumar Jain Mr. Naveen Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Chairman & Managing Promoter Managing Director & Managing Director Director CFO ◼ Over 39 years of experience ◼ Over 30 years of experience ◼ Over 29 years of experience ◼ Over 24 years o
Slide 28: Board of Directors
Board of Directors Mr. Pradeep Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Mr. Anil Kumar Rao Chairman & Managing Director Managing Director & CFO Managing Director Whole-time Director Mr. Talluri Raghupati Rao Mr. Krishan Kumar Jalan (IAS) Mr. Gauri Shankar Wholetime Director Independe
Slide 29: Clientele
Clientele > psiIpc Jpeida Delhi Stat dystal and Tfastrucure Developmen Upei of) saRTsUAR TAT Aw f =. Uttar Prad@h State Highways-Authority AY
Slide 30: Growth Strategy
Growth Strategy Diversification: ◼ Leveraging Strong Project Execution track record to diversify into new functional areas of infrastructure Diversification development ◼ Expand presence in development of industrial areas and dedicated freight corridor projects ◼ Diversify into waste management, wat
Slide 31: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : PNC Infratech Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L45201DL1999PLC195937 CIN: U74140MH2010PTC204285 Mr. D. K. Maheshwari Mr. Jigar Kavaiya Vice President - Finance Group Account Head +91-9920602034 dkm@pncinfrat