Va Tech Wabag Limited · NSE:WABAG
Va Tech Wabag — Q3 FY2025 Earnings Presentation
41 slides from Va Tech Wabag's earnings presentation, February 2025
Slide 1: Results Update Presentation Q3 & 9M FY 2024-25
Results Update Presentation Q3 & 9M FY 2024-25 VA TECH WABAG LTD February, 2025
Slide 2: Safe Harbor Statement
Safe Harbor Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by VA TECH WABAG LIMITED (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 3: Agenda
Agenda 1. The WABAG Group 04 2. Financial Performance 15 3. Order Book Analysis 24 4. Awards & Accolades 32 Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 3
Slide 4: The WABAG Group
The WABAG Group Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 4
Slide 5: Enriching lives through Vision - Mission - Values
Enriching lives through Vision - Mission - Values Vision Mission W Win-Win approach with Customer & every Stakeholder WABAGites enrich Life A Advanced Technology & Value Engineering Solutions by Preserving Resources, B Build an Empowered, Entrepreneurial & Creative Team Protecting Environment, A Asp
Slide 6: Akshay Vata – Contributing to a Cleaner, Greener, Bluer Planet
“AKSHAY VATA”– Contributing to a Cleaner, Greener, Bluer Planet Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 6
Slide 7: Delivering Innovative Water Solutions Worldwide
Delivering Innovative Water Solutions Worldwide Sustainable 27 Mn m3 630+ Tons Solutions Waste Water GHG Emissions 125+ IP Rights Reduced per day Developed in-house Desalination, Waste Water Treatment, Treated per day Recycle & Reuse, Effluent Treatment, Drinking Water, Zero Liquid Discharge, Sludge
Slide 8: 100 Years Young & Strong
100 Years Young & Strong Foundation of WABAG Initiation of water Completion of the 3-stage Foundation of VA Acquisition of WABAG Wasserfilterbau in technology activities by acquisition of WABAG by TECH WABAG Ltd., from Deutsche Babcock Wroclaw J. Overhoff, Austria Deutsche Babcock Chennai, India by
Slide 9: WABAG across the globe
WABAG across the globe rd World’s 3 - Top Desalination Plant Suppliers - Largest Private Water Operator, Touched 96 Mn lives globally Presence in 25+ Countries Global R&D centres in Europe & India 25 Core expertise in Engineering & Procurement (EP); Asset Light Model Robust Order Book funded
Slide 10: Aligned with Sustainable Development Goals
Aligned with Sustainable Development Goals Clean Water & Sanitation Our Path to Net Zero Water Positive WABAG ensures access to clean water and sanitation for all, thereby addressing the SDG - 6 critical global need for water security in the form of water conservation, water recycle - reuse and manu
Slide 11: Ethics in Action: Strong Governance Policies
Ethics in Action : Strong Governance Policies Strong Ethical and Commitment to Sustainability Comprehensive Risk Dedicated to Inclusivity, Governance Framework and Social Responsibility Management and Compliance Fairness, and Employee Our policies, including Code of Our policies like Corporate Socia
Slide 12: Robust Governance Structure
Robust Governance Structure Long-term shareholder value creation Shareholders Strong engagement through transparent communication Balanced and diversified Board; 2/3rd are Non-Executive Directors Board Experienced and vibrant Board of Directors with requisite skills and expertise All seven
Slide 13: Championing Sustainability: Our ESG Commitments
Championing Sustainability : Our ESG Commitments E Reduction of emissions under ~60 million m3 water treated Increase water positivity by 25% direct control (Scope 1 & Scope 2) per day and 41+ MW Green thru treatment of 1.25 Trillion by 20% by 2035 through increase Energy generated per day; litres/y
Slide 14: For the Future
For the Future Strategic tie up with Analyzing performance of Actively working with ‘Peak Sustainability installed plants to maximize municipal local bodies on few Biogas to CBG biogas yield and minimize projects which are in advance Ventures’ to establish 100 CBG plants operational downtime stage o
Slide 15: Financial Performance
Financial Performance Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 15
Slide 16: Business Highlights – Q3 & 9M FY25
Business Highlights – Q3 & 9M FY25 Consolidated Q3 FY25 9M FY25 (INR Million) Order Book & Credit Rating Order Intake 27,813 525.4% YoY 50,750 188.1% YoY • Strong Order Book, over INR 142 Bn; Revenue 8,110 15.1% YoY 21,378 11.2% YoY Provides Robust Revenue Visibility EBITDA 1,051 6.3% YoY 2,894 10.8
Slide 17: 9M Financial Performance over the years
9M Financial Performance over the years INR Mn REVENUE 21,378 EBITDA 2,894 9M FY25 21,378 9M FY25 2,894 9M FY24 19,222 9M FY24 2,613 18% 9M FY23 20,336 9M FY23 2,005 CAGR 9M FY22 20,874 9M FY22 1,752 PAT 1,958 Basic EPS 31.48 INR 9M FY25 1,958 9M FY25 31.48 9M FY24 1,730 9M FY24 27.82 32% ~2.3X 9M F
Slide 18: Cash & Debt Position
Cash & Debt Position Committed to our Long Term Strategy of Net Cash Positive INR Mn 11 2 6,587 6,433 12 5,149 1,168 36 1,168 1 1,098 13 4,018 3,790 5 7 920 3,442 3,615 3,375 3,465 3,135 3,093 - 635 1,098 3,058 2,735 2,797 - 2,537 2,132 2,170 1,877 2,141 1,707 1,295 1,002 1,078 358 Q4 FY23 Q1 FY24 Q
Slide 19: Rating upgraded to IND AA-/Stable
Rating upgraded to ‘IND AA-’/ Stable Rationale: Improvement in consolidated operating performance with improvement in the EBITDA margin in FY24, aiding the company to deleverage its balance sheet and remain net debt free Company expected to retain its leading market position in the water infrast
Slide 20: Medium Term Outlook
Medium Term Outlook RoCE O&M at Order Book Revenues EBITDA Net Cash >20% 20% of RoE >15% Outlook 3x of Revenue 15 - 20 % CAGR 13 - 15 % Positive Asset Light Total Revenues (3-5 Years) INR 142+ Bn EBITDA RoCE O&M Net Cash Revenues Strong 13.5% of 17.7% 19% of RoE 14.5% Positive INR Up 11.2% (YoY) Per
Slide 21: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement INR Mn Particulars 9M FY’25 9M FY’24 YoY % Q3 FY’25 Q3 FY’24 YoY % Revenue from Operations 21,378 19,222 11.2% 8,110 7,044 15.1% Cost of Sales 16,082 14,415 6,265 5,299 Total Cost of Operations (TCO) 2,489 2,302 841 745 Forex Loss/(Gain) (87) (108) (47) 11 EBITDA
Slide 22: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement INR Mn Particulars 9M FY’25 9M FY’24 YoY % Q3 FY’25 Q3 FY’24 YoY % Revenue from Operations 18,353 17,378 5.6% 6,761 6,243 8.3% Cost of Sales 13,676 13,194 5,137 4,692 Total Cost of Operations (TCO) 2,176 1,817 772 596 Forex Loss/(Gain) (138) (122) (79) - EBITDA 2,6
Slide 23: Capital Market Information
Capital Market Information Share Market Performance (31st Jan’25) Shareholding Pattern as on 31st Dec’24 Return over the last 10 Months: NIFTY - 5% Promoters 1,372 19.13% Wabag – 77% 775 Public 59.99% FIIs 22,462 23,508 18.86% Apr-24 Jun-24 Aug-24 Oct-24 Dec-24 DIIs Wabag Nifty (Source : NSE Website
Slide 24: Order Book Analysis
Order Book Analysis Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 24
Slide 25: EPC Business Analysis - 9M FY25
EPC Business Analysis - 9M FY25 INR Mn Revenue Growth (YoY) 9% Order Backlog Growth (YoY) 32% 23% 11% 37% 31% 2,102 716 2,838 10,606 14% 15,619 5,973 35% 42% 6,689 13% 7,767 65,725 86% 11,186 65% 87% 50,106 58% 9,084 9M FY24 9M FY25 FY25 Opening 9M FY25 Municipal Industrial Municipal Industrial 1% 2
Slide 26: O&M Business Analysis - 9M FY25
O&M Business Analysis - 9M FY25 INR Mn Revenue Growth (YoY) 20% Order Backlog Growth (YoY) 22% 7% 25% 241% 5% 37 516 7,621 725 13% 2,136 10,788 20% 16% 553 7% 3,166 3,578 87% 93% 41,770 43,907 80% 84% 2,853 9M FY24 9M FY25 FY25 Opening 9M FY25 Municipal Industrial Municipal Industrial 35% 25% 15% 21
Slide 27: Order Book Analysis - 9M FY25
Order Book Analysis - 9M FY25 Revenue Growth (YoY) 11% INR Mn 20% 10% 21% 9% 24% 3% 688 753 1,787 1,385 4,094 19% 2,827 287 18% 3,406 6,489 31% 10,219 48% 38% 7,242 44% 8,432 82% 15,773 17,158 81% 14,764 69% 62% 11,937 56% 10,747 11,034 52% 9M FY24 9M FY25 9M FY24 9M FY25 9M FY24 9M FY25 EPC O&M Mun
Slide 28: Revenue Breakup – 9M FY25
Revenue Breakup – 9M FY25 INR Mn By Business Offering & Customer Segment By Geography EPC (INR Bn) INR Mn Municipal Industrial Total INR Mn Total 9% EPC 11,186 5,973 17,158 India 11,034 O&M 3,578 516 4,094 Overseas 10,219 15.8 17.2 Grand Total 14,764 6,489 21,253 Grand Total 21,253 9M FY 24 9M FY 25
Slide 29: Order Intake Breakup – 9M FY25
Order Intake Breakup – 9M FY25 By Business Offering & Customer Segment By Geography INR Mn INR Mn Municipal Industrial Total INR Mn Total EPC 71% 29% O&M EPC 27,054 9,016 36,071 India 21,643 O&M 6,507 8,173 14,680 Overseas 29,107 Grand Total 33,561 17,189 50,750 Grand Total 50,750 Key Orders Nature
Slide 30: Closing Backlog – 9M FY25
Closing Backlog – 9M FY25 INR Mn By Business Offering & Customer Segment By Geography INR Mn Municipal Industrial Total INR Mn Total EPC 65,725 10,606 76,331 India 78,308 27% O&M 43,907 10,788 54,694 Overseas 52,716 Framework - - 11,609 Framework 11,609 55 Grand Total 1,09,632 21,393 1,42,634 Grand
Slide 31: Key Projects in Order Backlog
Key Projects in Order Backlog INR Mn Key Contracts in Order book Amount** Key Framework Contracts # Amount** 400 MLD Perur, Chennai – Desalination* 28,825 Libya STP ## 6,114 200 MLD Al Haer ESC, KSA- ISTP 16,946 Bomba MED, Libya 5,495 UPJN, O&M of Agra & Ghaziabad – OCOO 10,329 100 MLD Indosol, Andh
Slide 32: Awards & Accolades
Awards & Accolades Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 32
Slide 33: Awards & Accolades
Awards & Accolades Recognized by Great Place To Work@ India Building and sustaining a High-Trust, High-Performance Culture We are proud to be Great Place To Work@ CertifiedTM Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 33
Slide 34: Awards & Accolades
Awards & Accolades “Gold Level Recognition at the 2024 Healthy “WABAG House receives Triple Recognition Workplace Awards” from CII-IGBC” WABAG has received the 𝗚𝗼𝗹𝗱 𝗟𝗲𝘃𝗲𝗹 𝗥𝗲𝗰𝗼𝗴𝗻𝗶𝘁𝗶𝗼𝗻 at the 𝟮𝟬𝟮𝟰 𝗛𝗲𝗮𝗹𝘁𝗵𝘆 𝗪𝗼𝗿𝗸𝗽𝗹𝗮𝗰𝗲 𝗪𝗔𝗕𝗔𝗚 𝗛𝗼𝘂𝘀𝗲 has been awarded…
Slide 35: Thank You
THANK YOU Company Investor Relations Advisors VA Tech Wabag Ltd. Adfactors PR Pvt. Ltd. CIN - L45205TN1995PLC030231 CIN - U74140MH1997PTC110210 Mr. Skandaprasad Seetharaman Ms. Savli Mangle Group Chief Financial Officer Vice President investors@wabag.in savli.mangle@adfactorspr.com www.wabag.com www
Slide 36: Annexures
Annexures Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 36
Slide 37: Increasing contribution in cleaning the Holy River
Increasing contribution in cleaning the Holy River Committed to managing over 195 crore liters each day to rejuvenate Aviralta & Nirmalta of River Ganga Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 37
Slide 38: Pioneering the 'One-City One-Operator' Model
Pioneering the ‘One-City One-Operator’ Model Ensuring sustainable and healthy Environment for the citizens of Agra and Ghaziabad, India Resolving SEWER NETWORK issues promptly and Ghaziabad ensuring customer satisfaction 462 MLD Sewage Treatment at Ensuring functioning of the PUMPING STATIONS 15
Slide 39: Our Key Clients
Our Key Clients Municipal Industrial Funding Agencies Serving clients in…. Municipal Water & Waste Water Oil & Gas Power plants Steel Food & Beverages Fertilizer Industrial parks Celebrating a Century of Innovation, Leadership, and Sustainability | Since 1924 39
Slide 40: Landmark Projects
Landmark Projects Al Madina Al Shamaliya 40 MLD Sewage 102 MLD Industrial Effluent Treatment Plant Treatment Plant, Bahrain for PETRONAS, Malaysia Awarded Wastewater Project of the Year at Largest industrial Effluent Treatment Plant in Global Water Awards, 2019 Southeast Asia 191 MLD SWRO (Desalinat
Slide 41: Landmark Projects
Landmark Projects 110 MLD Sewage Treatment Plant, 130 MLD Drinking Water Treatment Plant, Kodungaiyur, Chennai, India Tanzania One of the most energy efficient and energy First water project in Africa to be neutral STPs in the country commissioned under EXIM India funding 40 MLD Madinaty Wastewater