Sepc Limited · NSE:SEPC
Sepc — Shriram EPC — Shareholder Meeting (September 2014)
16 slides from Sepc's shareholder meeting presentation, Sep 10, 2014
Slide 1: Shriram EPC Presentation to AGM
Shriram EPC Presentation to AGM 10th September 2014
Slide 2: Company Snapshot
Company Snapshot Incorporated in 2000 with headquarters in Chennai High-end engineering services company providing EPC & Turnkey solutions Manpower & Infrastructure • 680 employees • 520 engineers & technical staff • Offices in Kolkata and Delhi
Slide 3: Business Areas
Business Areas SHRIRAM EPC Process & Water Metallurgy Power Infrastructure Steel plants Biomass Water & Sewage Coal Gasification Treatment Plants Thermal Process Based Underground Plants Drainage System Solar Water Mineral Process Distribution Wind Plants Pipe Rehabilitation Mine Development
Slide 4: Process & Metallurgy
We Process & Metallurgy Shriram/epc Engineering the future
Slide 5: Power
ShriramYepc Engineering the future BOILER UNIT - I!
Slide 6: Water Infrastructure
Water Infrastructure Shriramvepc Engineering the future
Slide 7: Current status
Current status • Order book of Rs 2030 crores • Includes only active projects which are financially closed • Major orders in – Process and metallurgy – Municipal services
Slide 8: Status of industry
Status of industry • Past 3-4 years have been the worst ever for the infra industry • Projects have been delayed or stalled all across India • Cash flow from customers (especially private sector) has been very poor • New investment decisions have been very slow
Slide 9: Outlook
Outlook • With new government, outlook is better • Focus on implementation of projects a positive • Development of smart cities will open up opportunities for us • Focus on sanitation and water is very positive for Shriram EPC
Slide 10: Company specific issues: Basra project
Company specific issues Basra project • Company had taken a 235 million USD project for Basra (Iraq) governorate. • Project was to be secured 100% by an LC from the governorate of Basra • Project was unilaterally cancelled by the governor in January 2014 • Company has gone to court in Basra as well
Slide 11: Company specific issues: Basra project (continued)
Company specific issues Basra project…. • The legal position is very strong. • The Government of India has been very supportive in our case • The developments were previous to the recent unrest/fighting is Iraq so all personnel had returned to India
Slide 12: Company specific issues: Abhijeet project
Company specific issues Abhijeet project • Company was executing an order for 50 MW Solar Thermal power project in Rajasthan for Abhijeet group • Project was suspended as bankers withdrew support due to certain government actions • Currently the project is expected to revive as Government actions ma
Slide 13: Company specific issues: Debt Restructuring
Company specific issues Debt Restructuring • Due to the tight financial situation, company approached banks to restructure its debt • The scheme has been approved by the CDR Empowered Group in the third week of August • Most of the bankers have approved the proposal • Board will be reviewing this an
Slide 14: Company specific issues: Debt Restructuring (continued)
Company specific issues Debt Restructuring… • Promoters have infused Rs 160 crores towards equity contribution • This is in addition to around 120 crores before the CDR cutoff date
Slide 15: Way forward
Way forward • Market looks like it will improve • Projects in the following areas are active – Municipal services - Tamilnadu, Karnataka and Rajasthan – Steel plants and related activities – Power is reviving • New project flow is encouraging
Slide 16: Thank You
Thank You