H.g. Infra Engineering Ltd. · NSE:HGINFRA
H.g. Infra Engineering — Q1 FY23 Earnings Presentation
22 slides from H.g. Infra Engineering's earnings presentation, Aug 2, 2022
Slide 1: Letter to stock exchanges on investor presentation Q1 FY23
CIN . L45201 PIJ2003PLC018049 August 02. 2022 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeeblioy Towers. Exchaiige Plaza, C-I , BIock-G. Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai-400 001 Muliibai-400 051 Scrip Code-541019/ 973671 Scrip S}Jmbol-HGINFRA Dear Sir/M
Slide 2: H.G. Infra Engineering Ltd. Investor Presentation Q1 FY23
H.G. Infra Engineering Ltd. Investor Presentation Q1 FY23
Slide 3: Financial Highlights Q1 FY23
1 Financial Highlights Q1 FY23 2 Operational Highlights 3 HG Infra Our Journey So Far
Slide 4: 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 16.5% 15.2% 9.7% 9.2% 16.6% 10,657 9,136 1,504 8.0% 1,625 9.8% 889 976 Q1 FY22 Q1 FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23 • Awarded EPC Project in the state of Utta
Slide 5: Standalone profit & loss statement
Standalone profit & loss statement Particulars (Rs in mn) Q1FY23 Q1FY22 YoY Revenue from operations 10,657 9,136 16.6% Cost of material consumed 5,515 4,567 Contract and site expenses 3,055 2,669 Employee expenses 376 310 Other expenses 86 86 Total Operating expenses 9,032 7,632 EBITDA 1,625 1,504 8
Slide 6: Consolidated profit & loss statement
Consolidated profit & loss statement Particulars (Rs. in mn) Q1FY23 Q1FY22 YoY Revenue from operations 11,059 9,433 17.2% Cost of material consumed 5,515 4,567 Contract and site expenses 3,065 2,674 Employee expenses 382 314 Other expenses 108 100 Total Operating expenses 9,070 7,655 EBITDA 1,990 1,
Slide 7: Debt Breakup
Debt Breakup Consolidated Debt Breakup Standalone Debt Breakup 32% 24% 11% 66% 68% Standalone Debt Project Debt Term Loan Working Capital NCD Rs Mn June-22 Rs Mn June-22 Standalone debt 4,475 Term loan + current maturities* 3,248 Project debt* 9,586 Working capital 1,227 Total consolidated debt 14,0
Slide 8: Operational Highlights
1 Financial Highlights Q1 FY23 2 Operational Highlights 3 HG Infra Our Journey So Far
Slide 9: Well diversified order book as on 30th June 2022
Well diversified order book as on 30th June 2022 ~Completion Awarding Unexecuted Value Project Project Status Progress as on Authority (Rs Mn) 30th June’ 22 Govt. Private Client type break- 58% 42% up Ganga Expressway Adani Under Execution 1% 44,058 Delhi Vadodara Pkg-9 NHAI Under Execution 73% 3,34
Slide 10: 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 30th June ‘22 authority (Rs. Mn) 30th June’ ’22 (Rs. Mn) (Rs. Mn) (Rs. Mn) (Rs. Mn) (%) Gurgaon-Sohna NHAI Haryana 12.7 6,060 2,424 2,879 729 2,815 100% (Raji
Slide 11: Status of new projects
Status of new projects Project BPC LOA State Agreement Signed Status of Land Appointed Date Type (Rs Mn) Received ~98% land is Ganga Express Way Uttar Pradesh EPC 49,709 06th June 2022 Yet to be signed Awaited available After achievement of ~52% land is financial closure. Khammam Devarapalle Pkg-1 T
Slide 12: HG Infra: Our Journey So Far
1 Financial Highlights Q1 FY23 2 Operational Highlights 3 HG Infra Our Journey So Far
Slide 13: Company overview
Company overview Leading Road/ Highway Construction Company Pan India Presence (Incorporation) (Today) North ~20% 19 20+ 9 8 100% South ~40% Years of execution Active Projects HAM Projects East ~28% States North India West ~12% Strong Growth Trajectory Robust Business Model 27% 29% 42% 2,000+ Multip
Slide 14: 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 15: 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 16: 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% 3,387 5,847 Return on Capital Employed FY22 4,181 2,110 3,419 9.3% 3,032 1,657 1,236 8.3% 2,081 16.4% 16.2% 7.5% 25% 842 15.6% Return on Equity 14.9% 15.1% FY22 6.0% 6.1%
Slide 17: 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 3180 Mn in plant and machinery in last 4 years Fleet of modern construc
Slide 18: 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 19: 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 20: 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 21: 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 22: 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 Smit Shah smit.shah@paretocapital.in 210, B Wing, Kanakia Wall Str
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