Power Mech Projects Ltd. · NSE:POWERMECH
Power Mech Projects — Q4 FY20 Earnings Presentation
33 slides from Power Mech Projects's earnings presentation, July 2020
Slide 1: Investor Presentation Q4 & 12M FY20
Investor Presentation Q4 & 12M FY20 POWER MECH PROJECTS LTD Growth Unlimited
Slide 2: Disclaimer
Disclaimer Safe Harbor Statement ▪ The information contained herein has been prepared to assist prospective investors in making their own evaluation of Power Mech Projects Limited (hereinafter ‘the company’) and does not purport to be all-inclusive or to contain all of the information a prospective
Slide 3: Power Mech – At a Glance
Power Mech – At a Glance A leading Industrial Services and Construction Company providing versatile and comprehensive service in power and infrastructure sector Largest O&M service FY 20 Established in 1999 by Presently Operates Pan- Total Income: Rs 21,740 Mn Mr. S. Kishore Babu, a India, Middle Ea
Slide 4: Journey of the Company, Major milestones and achievements
Journey of the Company, Major milestones and achievements → Listing in BSE & NSE, overwhelming response → First ETC of 1 X 63 Tph and 2 X 165 → Private Equity into Power Mech subscribed by 38 times Tph AFBC Boilers, 20.85 MW & 55 → First major international work in Libya, 2X157 MW Erection → Major O
Slide 5: Established Track Record
Established Track Record Integrated power infrastructure services Track record of ~20 years ▪ Established a track record of successfully 26,00,000 MT of aggregate tonnage of the erection works executed executing ETC-BTG and BOP contracts for large power projects 64,000 MW, engaged on ETC-BTG and BOP
Slide 6: Our Service presence across key areas
Our Service presence across key areas Industrial Industrial Construction Construction Industrial Services (O&M) International Operations Infrastructure Construction (Civil) Power Projects (Ultra Mega, Super ▪ Overhauling and Maintenance of ▪ Erection, Testing & Commissioni Power Plants, Railway, Ind
Slide 7: Our Service presence across key areas (cont..)
Our Service presence across key areas (cont..) Industrial Construction Electricals Hydro Power & Water Manufacturing ▪ Extra High Voltage Substation ▪ Supply & construction of Hydro ▪ Fabrication of Heavy Structures, Works power plants Large & High Pressure Tanks, ▪ Construction of 33/11 Kv ▪ Renova
Slide 8: Company Strengths
Company Strengths Large talent with Highly Experienced Management Comprehensive service provider in Power Team with strong industry background Sector Largest service provider in O&M space Strong execution capabilities across verticals Well diversified business profile with stable Marquee clientele:
Slide 9: Qualified Board
Qualified Board Sajja Kishore Babu, CMD Sajja Lakshmi, Non Executive Director Founder of the company holds bachelor’s degree in She is a science graduate and holds place in HR Mechanical Engineering. He has 35 years of experience management of the company & also member of CSR in power and infra sect
Slide 10: Professional and Experienced Management Team
Professional and Experienced Management Team M. Rajendran, COO S Kodandaramaiah, Director – Business Development Degree in Civil Engineering. He has more than 38 years of Post graduate in mechanical engineering. More than 4 decades of experience in power and industry sector related to EPC, Construct
Slide 11: Shareholding Pattern Top Shareholders
Shareholding Pattern Top Shareholders S No Name Shares Category Percentage 0.65% 3.62% 1 HDFC Small Cap Fund 10,03,126 MUT 6.82% 2 Vantage Equity Fund 6,29,553 AIF 4.28% 3 IDFC Multi Cap Fund 4,17,737 MUT 2.84% 7.21% 4 Banyantree Growth Capital II L.L.C 3,56,051 FPI 2.42% 5 IIFL Re Organise India Eq
Slide 12: Established Relationships with Clients – Domestic Projects
Established Relationships with Clients – Domestic Projects 12
Slide 13: Established Relationships with Clients – International Projects
Established Relationships with Clients – International Projects 13
Slide 14: Infra for Project Management
Infra for Project Management Large construction equipment base Primavera SAP & Site level Support functions MS Project- Productivity Application SBU Heads 9,100 HR Base For Project Engineers, Supervisors, Responsibility Technicians, HSE, FQA Other Staff Capability Centers Construction, Quality, Safe
Slide 15: Business Strategy
Business Strategy Expanding the services footprint & leveraging technical expertise to target higher margin contracts Offer comprehensive O&M solutions Working on advanced project execution methodologies & improve cash flow ▪ Fully established manufacturing setup available at Noida for non critical
Slide 16: Expanding Services Footprint
Expanding Services Footprint ▪ 48 GW Capacity addition up to 2022 ▪ Presently 15 GW opportunities in BTG & ETC value of Rs 15 Billion Domestic ▪ Green & Brown field expansion, 5,000 MW of EPC tenders in pipe line Power, FGD, ▪ Estimated that Rs 200 Billion to Rs 300 Billion worth of investments are
Slide 17: Expanding Services Footprint (cont…)
Expanding Services Footprint (cont…) ▪ Substantial growth is expected, installed base of 252 M MT enhance to 320M MT by 2030-31 by way of brown field & green filed refineries, augmenting the capacities ▪ Annul investments in the range of Rs 600 Billion to Rs 800 Billion Oil & Gas ▪ The construction
Slide 18: Expanding of O&M service into other sectors & new horizons
Expanding of O&M service into other sectors & new horizons Solar Thermal Hydro Domestic O&M (AMC, R&M, GAS Steel Trouble (Power) shooting etc) Exports Fully developed Captive (Thermal Power Partially developed ) Refinery & Petro To be developed Chemicals 18
Slide 19: Expanding Horizons… Broadening Capabilities
Expanding ExpandingHorizons…… Horizons…… …..Broadening …..BroadeningCapabilities Capabilities 19
Slide 20: Q4 FY20 – YoY Consolidated Financial Performance
Q4 FY20 – YoY Consolidated Financial Performance INR in million Total Income EBIDTA PAT 6,800 6,596 360 350 6,600 1,000 882 350 6,400 800 686 340 6,200 600 13.4% 330 5,980 320 5.3% 314 6,000 400 11.5% 310 5,800 200 300 5.3% 5,600 - 290 Q4FY19 Q4FY20 Q4FY19 Q4FY20 Q4FY19 Q4FY20 Q4 Revenue Erection O&
Slide 21: 12M FY20 – YoY Consolidated Financial Performance
12M FY20 – YoY Consolidated Financial Performance INR in million Total Income EBIDTA PAT 23,000 22,754 3,100 3,049 1,350 1,313 22,500 3,000 1,300 2,900 13.4% 22,000 21,740 2,801 1,250 6.0% 2,800 1,216 21,500 1,200 2,700 12.9% 5.3% 21,000 2,600 1,150 12MFY19 12MFY20 12MFY19 12MFY20 12MFY19 12MFY20 12
Slide 22: FY20 Financial Performance (consolidated)
FY20 Financial Performance (consolidated) INR in million Contract Revenue Revenue mix with high-margin O&M services segment 13,778 13,344 15,439 22,566 21,604 2% 5% EBITDA Margins continue to remain healthy…. Profit After Tax inching higher 22
Slide 23: FY20 Financial Performance (consolidated)
FY20 Financial Performance (consolidated) INR in million Healthy net debt equity ratio provides significant headroom for growth High Asset Turnover … testament to higher efficiency 23
Slide 24: Robust Order Book: Stronger Revenue visibility for next 3 years
Robust Order Book: Stronger Revenue visibility for next 3 years INR in million 60,000 50,000 15% 47,830 45,748 49 % 42,677 40,000 85% 37,050 35,238 Contract Revenue 30,000 27,715 Order Inflow 22,566 21,604 21,064 17,950 19,523 Order Back Log 20,000 15,375 15,439 13,778 13,344 34% 10,000 55% - FY 16
Slide 25: Robust Order Book: Stronger Revenue visibility (cont..)
Robust Order Book: Stronger Revenue visibility for next 3 years (cont..) INR in million Order Inflow during 12 M FY 20 (up to 31st March 2020) Rs. 19,523 Mn Order backlog as on 31st March 2020 Rs. 45,748 Mn 30 % 36 % Erection 26 % 5,818 12,273 7,114 O&M 45 % Erection Electrical Works 20,541 O&M Civi
Slide 26: Financial Snapshot | Consolidated Income Statement & Balance Sheet
Financial Snapshot | Consolidated Income Statement & Balance Sheet INR in million Income Statement (Consolidated) Balance Sheet (Consolidated) Particulars FY16 FY17 FY18 FY19 FY20 Particulars FY16 FY17 FY18 FY19 FY20 Revenue from operations 13,782 13,382 15,478 22,613 21,647 Assets Other Income 55 7
Slide 27: Our Projects
POWER MECH _ Growth Unlimited Our Projects 27
Slide 28: Industrial Construction: Domestic Projects (Erection, Testing & Commissioning)
INDUSTRIAL CONSTRUCTION: DOMESTIC PROJECTS (ERECTION, TESTING & COMMISSIONING) 1X660 MW TPP, BTG, HARDUAGANJ, DOOSAN 3X660 MW ,BOILER, ESP,CP, STRUCTURE & STG, 2X500 MW STPP,BOILER, ESP STG, BOILER, ESP, TG AUXILIARIES, UMPP BOILER, ESP, STRUCTURE, TG NABINAGAR, BHEL VINDHYACHAL, BHEL (COMPLETED) 80
Slide 29: Infrastructure Construction: Civil, Architectural & Railway Works
INFRASTRUCTURE CONSTRUCTION : CIVIL, ARCHITECTURAL & RAILWAY WORKS 1X800 MW TPSS, CIVIL, STRUCTURAL AND 1X800 MW TPSS, CIVIL, STRUCTURAL AND GDV-MTM 37 ,DOUBLING & 1X500MW, FGUTTP, CIVIL, STRUCTURAL 2X800 MW, YTPS, CIVIL, STRUCTURAL ARCHITECTURAL WORK UNIT-12, ARCHITECTURAL WORK STAGE-3, NORTH ELECT
Slide 30: International Operations
INTERNATIONAL OPERATIONS 250 MW SABIYA CCPP, KUWAIT 2X157 MW GT POWER PLANT, LIBYA 6X200 MW HEP, BHUTAN 1800 MW ALBA CCPP, BAHRAIN 360MW BHERAMARA CCPP, INSTALLATION OF HRSG (COMPLETED) INSTALLATION OF HYDRO ETC OF GTG,STG,HRSG & BOP BANGLADESH INSTALLATION OF GTG, TURBINE & GENERATOR STG & HRSG 151
Slide 31: Operation and Maintenance
OPERATION AND MAINTANENCE SIEMENS -138MW GAS TURBINE TG OVERHAUING 600MW JHARSUGUDA BEARING DIASSEMBLY AT NTPC-SIMHADRI CONTROL & STOP VALVES OVERHAULING PAGUTHAN VEDANTA SIPAT 660MW CAPITAL OVERHAULING OF TURBINE 63MW, HP HEATER REPLACEMENT 800MW ,CGPL CUPLOCK SCAFFOLDING ERECTION MSH LINE MODIFICA
Slide 32: Manufacturing Facility & Hydro Power Services
MANUFACTURING FACILITY & HYDRO POWER SERVICES MANUFACTURING UNIT (NOIDA) CNC SECTION (NOIDA) SR FURNACE (NOIDA) CNC OXY FUEL CUTTING (NOIDA) HEAVY DUTY CENTRE LATHES( NOIDA) VTL(MANUAL+CNC (NOIDA) PLANO MILLER, CND (NOIDA) 3 ROLL PLATE BENDING MACHINE (NOIDA) HYDRO GENERATOR UNDER ASSEMBLY FOR FRANC
Slide 33: Thank You
Thank You For investor queries, please contact: Ph: +91-040-30444418 Email: cs@powermech.net 33