Ircon International Ltd. · NSE:IRCON

Ircon International — Q3 FY24 Earnings Presentation

25 slides from Ircon International's earnings presentation, Feb 8, 2024

  1. Slide 1: Intimation of Investor Presentation to stock exchanges

    इरकॉन इंटरनेशनल ल मटे ड (भारत सरकार का उप म) IRCON INTERNATIONAL LIMITED (A Govt. of India Undertaking) An integrated Engineering and Construction Company IRCON/SECY/STEX/124 8th February, 2024 BSE Limited National Stock Exchange of India Limited Listing Dept./ Dept. of Corporate Services Listing De

  2. Slide 2: Analyst Presentation Q3 & 9M FY24

    Ircon International Limited Analyst Presentation Q3 & 9M FY24 8th February 2024

  3. Slide 3: Safe Harbour

    SAFE HARBOUR No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the

  4. Slide 4: Contents

    Contents 01 Functional Directors 02 Key Financial Highlights (Consolidated) 03 Key Financial Highlights (Standalone) 04 Group Financial Performance 05 Standalone Financial Performance 06 Order Book 3

  5. Slide 5: Functional Directors

    Bhd ee Oo ee Oe OR AS Px ag 2 ~, SR, Sed BAIA TIS eats cit PASO AVA NAUINANA STANIANUAN — Slat aR a. a i re Functional Directors

  6. Slide 6: Functional Directors

    Functional Directors Shri Brijesh Kumar Gupta Chairman & Managing Director (Additional Charge) • Holds BE in Civil Engineering from Jiwaji University, Gwalior and PG degree in applied mechanics from IIT, Delhi. • Belongs to IRSE and is Additional Member (Civil Engg.), Railway Board. • Has experience

  7. Slide 7: Key Financial Highlights (Consolidated)

    02 Key Financial Highlights (Consolidated) 6

  8. Slide 8: Consolidated Financial Highlights – Q3FY24 (Y-o-Y) Revenue

    SAFE HARBOUR Consolidated Financial Highlights – Q3FY24 (Y-o-Y) Revenue 3500 3012 3000 2884 • Achieved highest ever turnover in 3rd 2500 2347 2422 quarter in Q3FY24. 2000 • Operating Revenue grew by 22.9% in 1500 Q3FY24. 1000 • Total Revenue increased by 24.4% in 500 Q3FY24. 0 Q3FY23 Q3FY24 Operatin

  9. Slide 9: Consolidated Financial Highlights – Q3FY24 (Y-o-Y) Profit

    SAFE HARBOUR Consolidated Financial Highlights – Q3FY24 (Y-o-Y) Profit 400 378 350 • Profit after Tax grew by 28.8% in 300 245 Q3FY24. 250 232 200 190 • EBITDA increased by 63.2% in 150 Q3FY24. 100 • EBITDA margin stood at 12.55% in 50 Q3FY24. 0 Q3FY23 Q3FY24 PAT EBITDA EBITDA = PBT + Finance Cost +

  10. Slide 10: Consolidated Financial Highlights – Q3FY24 (Q-o-Q)

    SAFE HARBOUR Consolidated Financial Highlights – Q3FY24 (Q-o-Q) Revenue Profit 3200 450 3136 392 3150 400 378 3100 350 3050 300 3012 251 2987 245 3000 250 2950 200 2900 2884 150 2850 100 2800 50 2750 0 Q2FY24 Q3FY24 Q2FY24 Q3FY24 Operating Revenue Total Revenue PAT EBITDA EBITDA = PBT + Finance Cost

  11. Slide 11: Consolidated Financial Highlights – 9M FY24

    ConsolidatedSAFE HARBOUR Financial Highlights – 9M FY24 Revenue Profit 10000 1200 8976 1086 9000 8588 1000 8000 6587 6796 7000 800 747 6000 683 5000 600 509 4000 400 3000 2000 200 1000 0 0 9MFY23 9MFY24 9MFY23 9MFY24 Operating Revenue Total Revenue PAT EBITDA EBITDA = PBT + Finance Cost + Depreciati

  12. Slide 12: Key Financial Highlights (Standalone)

    03 Key Financial Highlights (Standalone) 11

  13. Slide 13: Standalone Financial Highlights – Q3FY24 (Y-o-Y) Revenue

    SAFE HARBOUR Standalone Financial Highlights – Q3FY24 (Y-o-Y) Revenue 2876 • Achieved highest ever turnover in 3rd Q3FY24 2792 quarter in Q3FY24. • Operating Revenue grew by 24.8% in Q3FY24. 2330 Q3FY23 • Total Revenue increased by 23.4% in 2237 Q3FY24. 0 500 1000 1500 2000 2500 3000 3500 Total Reve

  14. Slide 14: Standalone Financial Highlights – Q3FY24 (Y-o-Y) Profit

    SAFE HARBOUR Standalone Financial Highlights – Q3FY24 (Y-o-Y) Profit 258 • Profit after Tax degrow by 18.6% in Q3FY24 185 Q3FY24. • EBITDA increased by 17.0% in Q3FY24. 220 Q3FY23 227 • EBITDA margin stood at 9.0% in Q3FY24. 0 50 100 150 200 250 300 EBITDA PAT EBITDA = PBT + Finance Cost + Depreciat

  15. Slide 15: Standalone Financial Highlights – Q3FY24 (Q-o-Q)

    SAFE HARBOUR Standalone Financial Highlights – Q3FY24 (Q-o-Q) Revenue Profit 2876 258 Q3FY24 Q3FY24 2792 185 3022 311 Q2FY24 Q2FY24 2884 230 2600 2700 2800 2900 3000 3100 0 50 100 150 200 250 300 350 Total Revenue Operating Revenue EBITDA PAT EBITDA = PBT + Finance Cost + Depreciation & Amortisation

  16. Slide 16: Standalone Financial Highlights – 9MFY24 (Y-o-Y)

    SAFE HARBOUR Standalone Financial Highlights – 9MFY24 (Y-o-Y) Revenue Profit 8591 807 9MFY24 9MFY24 8301 577 6488 620 9MFY23 9MFY23 6251 529 0 2000 4000 6000 8000 10000 0 200 400 600 800 1000 Total Revenue Operating Revenue EBITDA PAT EBITDA = PBT + Finance Cost + Depreciation & Amortisation EBITDA

  17. Slide 17: Group Financial Performance

    04 Group Financial Performance 16

  18. Slide 18: Income Statement (Consolidated – Q3FY24)

    Income Statement (Consolidated – Q3FY24) Particulars (INR Crore) Q3-FY24 Q2-FY24 Q-o-Q (%) Q3-FY23 Y-o-Y (%) Operating Revenue 2884.22 2986.83 (3.4%) 2346.51 22.9% Total Expenses (Excl. Depreciation & 2670.85 2771.15 (3.6%) 2181.16 22.5% Finance Cost) Core EBITDA* 295.84 289.27 2.2% 169.45 74.6% Cor

  19. Slide 19: Income Statement (Consolidated – Annual)

    Income Statement (Consolidated – Annual) Particulars (INR Crore) FY23 FY22 Y-o-Y (%) Operating Revenue 10367.93 7379.67 40.5% Total Expenses (Excl. Depreciation & Finance Cost) 9664.79 6800.11 42.1% Core EBITDA* 861.51 676.41 27.4% Core EBITDA Margins (%) 8.31% 9.17% (86 bps) Depreciation 107.46 95.

  20. Slide 20: Standalone Financial Performance

    05 Standalone Financial Performance 19

  21. Slide 21: Income Statement (Standalone – Q2FY24)

    Income Statement (Standalone – Q2FY24) Particulars (INR Crore) Q3-FY24 Q2-FY24 Q-o-Q (%) Q3-FY23 Y-o-Y (%) Operating Revenue 2792.14 2883.64 (3.2%) 2236.86 24.8% Total Expenses (Excl. Depreciation & 2618.08 2711.10 (3.4%) 2109.79 24.1% Finance Cost) Core EBITDA 174.06 172.54 0.9% 127.07 37.0% Core E

  22. Slide 22: Income Statement (Standalone – Annual)

    Income Statement (Standalone – Annual) Particulars (INR Crore) FY23 FY22 Y-o-Y (%) Operating Revenue 9921.20 6910.15 43.6% Total Expenses (Excl. Depreciation & Finance Cost) 9337.91 6540.08 42.8% Core EBITDA 583.29 370.07 57.60 Core EBITDA Margins (%) 5.88% 5.36% 52 bps Depreciation 37.73 27.49 37.3

  23. Slide 23: Order Book

    06 Order Book 22

  24. Slide 24: Order Book (as on 31.12.2023)

    Order Book (as on 31.12.2023) Segment Geography Mode of Award 6102 2052 (7.0%) 2560 (8.7%) VENUS 30% (20.7%) MARS 60% 13509 (45.9%) 15927 (54.1%) 21282 (72.3%) 26876 MERCURY (91.3%) Railways Highways Others Domestic International Bidding Nomination • Strong Order Book of Rs.29,436 crore as on 31.12.

  25. Slide 25: Thank You

    Thank You For Further Information: Mr. B. Mugunthan Mr. Sachin Garg Chief Financial Officer DGM/Finance/IR Ircon International Ltd. Ircon International Ltd. Tel: 011-26530459 011-26545368 E-mail: mugunthan@ircon.org sachin.garg@ircon.org 24

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