Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — Q2 FY2015-16 Earnings Presentation
29 slides from Pnc Infratech's earnings presentation, 2015
Slide 1: Results Update Presentation Q2 and H1 FY 2015-16
PNC Infratech Limited Results Update Presentation Q2 and H1 FY 2015-16
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 Limited 3
Slide 4: Key Highlights – Q2 FY 2015-16
Key Highlights – Q2 FY 2015-16 Sustained growth in financials Standalone Revenue, EBITDA and PAT grew by 41%, 15% and 43% respectively, y-o-y Standalone EBITDA Margin at 13.0%, PAT margin at 6.5% Consolidated Revenue and EBITDA up by 38% and 31%, respectively; PAT down by 18%, y-o-y Consol
Slide 5: Key Highlights – H1 FY 2015-16
Key Highlights – H1 FY 2015-16 Sustained growth in financials Standalone Revenue, EBITDA and PAT grew by 27%, 22% and 29% respectively, y-o-y Standalone EBITDA Margin at 13.4%, PAT margin at 6.3% Consolidated Revenue and EBITDA up by 26% and 32%, respectively; PAT down by 6%, y-o-y Consoli
Slide 6: Standalone Financial Highlights – Q2 FY 2015-16
Standalone Financial Highlights – Q2 FY 2015-16 Revenue (Rs. Crs) EBITDA (Rs. Crs) +41% +15% 469.5 61.1 53.1 332.7 Q2 FY15 Q2 FY16 Q2 FY15 Q2 FY16 PAT (Rs. Crs) Cash Profit (Rs. Crs) +43% +36% 30.4 42.9 21.2 31.6 Q2 FY15 Q2 FY16 Q2 FY15 Q2 FY16 PNC Infratech Limited 6
Slide 7: Standalone Financial Highlights – H1 FY 2015-16
Standalone Financial Highlights – H1 FY 2015-16 Revenue (Rs. Crs) EBITDA (Rs. Crs) +27% +22% 903.9 121.2 709.8 99.3 H1 FY15 H1 FY16 H1 FY15 H1 FY16 PAT (Rs. Crs) Cash Profit (Rs. Crs) +29% +33% 56.6 80.8 44.0 60.8 H1 FY15 H1 FY16 H1 FY15 H1 FY16 PNC Infratech Limited 7
Slide 8: Consolidated Financial Highlights – Q2 FY 2015-16
Consolidated Financial Highlights – Q2 FY 2015-16 Revenue (Rs. Crs) EBITDA (Rs. Crs) +38% +31% 556.7 92.2 402.1 70.2 Q2 FY15 Q2 FY16 Q2 FY15 Q2 FY16 PAT (Rs. Crs) Cash Profit (Rs. Crs) -18% +33% 21.8 50.5 17.8 37.9 Q2 FY15 Q2 FY16 Q2 FY15 Q2 FY16 PNC Infratech Limited 8
Slide 9: Consolidated Financial Highlights – H1 FY 2015-16
Consolidated Financial Highlights – H1 FY 2015-16 Revenue (Rs. Crs) EBITDA (Rs. Crs) +26% +32% 1,070.2 176.7 851.4 134.2 H1 FY15 H1 FY16 H1 FY15 H1 FY16 PAT (Rs. Crs) Cash Profit (Rs. Crs) -6% +31% 44.0 41.4 95.2 72.4 H1 FY15 H1 FY16 H1 FY15 H1 FY16 PNC Infratech Limited 9
Slide 10: Segmental Revenue Break-up
Segmental Revenue Break-up Quarter (Rs. Crs) Q2 FY15 Q2 FY16 63 98 339 459 EPC BOT/Annuity/Others EPC BOT/Annuity/Others Half Year (Rs. Crs) H1 FY15 H1 FY16 126 178 726 892 EPC BOT/Annuity/Others EPC BOT/Annuity/Others PNC Infratech Limited 10
Slide 11: Order-book Details
2 Order-book Details PNC Infratech Limited 11
Slide 12: Robust Order-book of over Rs. 3,570 crores
Robust Order-book of over Rs. 3,570 crores Order-book Highlights Remaining value of contracts under execution Rs. Remaining Key EPC Projects Under Construction Value 3,578 crores as on 30th September 2015 (Rs. Crores) L1 for project of re-surfacing/ strengthening of runway Agra-Firozabad 1,408 a
Slide 13: BOT Portfolio
3 BOT Portfolio PNC Infratech Limited 13
Slide 14: Sizeable BOT Portfolio
Sizeable BOT Portfolio Operational PNC Infratech Limited (PNC) Under-construction Invested PNC Share of Balance % JV Kms / Equity Invested commitment Authority State Stretch Type Stake Partners Lanes (Rs. Equity as on Sept. 30, Crores) (Rs. Crores) 2015 SREI, Ghaziabad Aligarh 35.00% NHAI UP NH-91 T
Slide 15: Annexure I – Summary Financials
4 Annexure I – Summary Financials PNC Infratech Limited 15
Slide 16: Quarterly Profitability Statement
Quarterly Profitability Statement Standalone Consolidated Rs. Crores Q2 FY16 Q2 FY15 YoY growth Q2 FY16 Q2 FY15 YoY growth REVENUE 469.5 332.7 41% 556.7 402.1 38% EBITDA 61.1 53.1 15% 92.2 70.2 31% EBITDA margin 13.0% 15.9% 16.6% 17.5% Other Income 3.3 1.1 1.3 1.5 Depreciation 12.5 10.4 32.6 16.1 In
Slide 17: Half-Year Profitability Statement
Half-Year Profitability Statement Standalone Consolidated Rs. Crores H1 FY16 H1 FY15 YoY growth H1 FY16 H1 FY15 YoY growth REVENUE 903.9 709.8 27% 1,070.2 851.4 26% EBITDA 121.2 99.3 22% 176.6 134.2 32% EBITDA margin 13.4% 14.0% 16.5% 15.8% Other Income 5.2 3.2 3.5 4.0 Depreciation 24.3 16.8 53.8 28
Slide 18: Annual Profitability Statement
Annual Profitability Statement Standalone Consolidated Rs. Crores FY15 FY14 YoY growth FY15 FY14 YoY growth REVENUE 1,561.0 1,152.1 35% 1,860.9 1,360.0 37% EBITDA 216.6 141.9 53% 279.9 175.4 60% EBITDA margin 13.9% 12.3% 15.0% 12.9% Other Income 13.8 10.6 12.1 10.8 Depreciation 36.4 24.8 60.3 40.2 I
Slide 19: Balance Sheet
Balance Sheet Standalone Consolidated Rs. Crores September-15 March-15 September-15 March-15 Shareholder’s Fund 1,192.3 718.4 1,325.1 871.1 Share capital 51.3 39.8 51.3 39.8 Reserves & Surplus 1,141.0 678.6 1,273.8 831.3 Minority Interest - - 0.1 0.1 Non-current liabilities 274.1 274.1 1,759.5 1,566
Slide 20: Net Working Capital Days
Net Working Capital Days* 154 128 124 122 122 115 109 112 111 97 86 65 59 57 FY10 FY11 FY12 FY13 FY14 FY15 Sep-15 Debtors Net Working Capital PNC Infratech Limited * - Standalone 20
Slide 21: Utilization of IPO Proceeds
Utilization of IPO Proceeds Utilization of Net Proceeds as on Offer Proceeds September 30, 2015 Amount Utilization Amount Particulars (Rs. Crores) Pending Particulars Rs. Crores Planned Utilized Utilization Funding working capital 150.00 150.00 0.00 requirements A Fresh Issue 434.70 Investment in ou
Slide 22: Annexure II – Company Overview
5 Annexure II – Company Overview PNC Infratech Limited 22
Slide 23: Introduction
Introduction Infrastructure construction, development and management company; expertise in execution of projects including highways, bridges, flyovers, airport runways, industrial areas and transmission lines Executed 48 major infrastructure projects spread across 13 states , of which 28 are road EP
Slide 24: Business Overview
Business Overview Completed 28 infrastructure Developing/operating 7 BOT road projects on EPC basis Roads & Roads & projects and 1 OMT project, Highways Highways comprising of both toll & EPC BOT / OMT annuity assets Set up power transmission Executed 19 airport runway lines of approximately 350 Pow
Slide 25: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) PNC Power Private Limited (“PNCPPL”) BOT Holdco for road and other infra projects Engaged in erection, installation, repair and re-modelling of power plants etc PNC Bareilly Nainital Highways Private Limited (“PNCBNHPL”) 4 laning of the
Slide 26: Evolution and Experience - Timeline
Evolution and Experience - Timeline 2015 Successful IPO and listing on NSE and BSE 2013 & • 1st OMT project awarded – Kanpur Lucknow Ayodhya 2014 Road project • Awarded Agra-Firozabad contract for Rs. 1,635.75 crs 2010 & • Awarded 1st independent road project on BOT basis 2011 • NYLIM Jacob Ballas I
Slide 27: Board of Directors
Board of Directors Mr. Pradeep Kumar Jain Mr. Naveen Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain CMD Whole-time Director Managing Director Managing Director Mr. Anil Kumar Rao Mr. Sunil Chawla Mr. Chhotu Ram Sharma Mr. Subhash Chander Kalia Whole-time Director Non-Executive Director Ind
Slide 28: Clientele
Clientele PNC Infratech Limited 28
Slide 29: 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 AVP – Finance Group Account Head dkm@pncinfratech.com kjigar@sgapl.net +