Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — H1 FY22 Earnings Presentation
34 slides from Pnc Infratech's earnings presentation
Slide 1: Result Update Presentation Q2 & H1 FY22
Driving Value Through Passion n Commitment PNC INFRATECH LIMITED Result Update Presentation Q2 & H1 FY22
Slide 2: Safe Harbor
Safe Harbor 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 securit
Slide 3: Key Highlights & Financials
Key Highlights & Financials PNC infratech
Slide 4: Key Highlights for Q2 FY22
Key Highlights for Q2 FY22 Revenue EBITDA Profit After Tax YoY Growth 53% 56% 95% o EBITDA of Rs. 222 crore in Q2 FY22 compared to Rs. 142 crore in Q2 FY21 and Rs. 175 o PAT of Rs. 135 crore in Q2 o Revenue of Rs. 1,615 crore crore in Q1 FY22 FY22 compared to Rs. 69 in Q2 FY22 as compared to Rs. 1,0
Slide 5: Key Highlights for H1 FY22
Key Highlights for H1 FY22 Revenue EBITDA Profit After Tax Revenue of Rs. 2,866 crore in EBITDA of Rs. 397 crore in H1FY22 compared to Rs. 262 crore in PAT of Rs. 229 crore in H1FY22 H1FY22 as compared to Rs. H1FY21; YoY growth of 52% compared to Rs. 129 crore in 1,959 crore in H1FY21; YoY H1FY21; Y
Slide 6: Status of HAM Projects
Status of HAM Projects Status Bid Project Cost Projects 2 laning with paved shoulders of Dausa- Lalsot- Kauthun section of NH-11 A (Extension) in the state of Rs. 881 crore* Rajasthan under NHDP IV Rs. 1,197 crore* 4 laning of Aligarh-Kanpur section of NH - 91 in the state of Uttar Pradesh under NHD
Slide 7: Order Book Details
Order Book Details PNC infratech
Slide 8: Robust Order Book over Rs. 13,000 crores
Robust Order Book over Rs. 13,000 crores ◼ Remaining value of contracts under execution of Rs. 13,178 crore as on September 30, 2021 Remaining Value Key EPC Projects Under Construction Awarding Authority (Rs. Crores) Aligarh-Kappur Pkg-V NHAI 1,424 Unnao-Lalganj NHAI 1,309 Jagdishpur Faizabad NHAI 1
Slide 9: Portfolio of Development Projects on PPP Mode
Portfolio of Development Projects on PPP Mode PNC infratech
Slide 10: Sizeable Project Portfolio: Operational Projects
Sizeable Project Portfolio: Operational Projects PNC Share of Invested Debt as on 30th % JV Kms / TPC Invested Grant Total Debt Project Authority State / Stretch Type Equity Sept. ‘21 Stake Partners Lanes (Rs. Crs) Amount (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) SREI, Ghaziabad Aligarh 35%*
Slide 11: Asset Monetization Plan
Asset Monetization Plan ◼ Ghaziabad Aligarh Road Project ✓ The Company, along with its wholly owned subsidiary, PNC lnfra Holdings Limited and other partners/promoters, on 1st April, 21,has entered into 'Share Purchase Agreement’ and other related transaction documents inter alia for sale its entire
Slide 12: Sizeable Project Portfolio: HAM Projects
Sizeable Project Portfolio: HAM Projects Invested PNC Share of Debt as on 30th % State / TPC Total Debt Project Authority Kms / Lanes Status Equity Invested Amount Sept. ‘21 Stake Stretch (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Raj/ 83.45/ Dausa-Lalsot 100% NHAI COD 820 65 65 371 319 NH11A
Slide 13: Annexure – I Summary Financials
Annexure – I Summary Financials PNC infratech
Slide 14: Standalone Profitability Statement – Q2 & H1
Standalone Profitability Statement – Q2 & H1 Rs. Crores Q2 FY22 Q2 FY21 YoY Growth (%) Q1 FY22 QoQ Growth (%) H1 FY22 H1 FY21 YoY Growth (%) REVENUE 1,615.02 1,053.46 53% 1,251.19 29% 2,866.20 1,958.72 46% EBITDA 221.62 142.09 56% 175.44 26% 397.06 261.86 52% EBITDA margin 13.7% 13.5% 14.0% 13.9% 13
Slide 15: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. Crores) 30-Sep-21 31-Mar-21 EQUITY AND LIABILITIES (Rs. Crores) 30-Sep-21 31-Mar-21 (1) NON-CURRENT ASSETS EQUITY (a) Property, plant & equipment 617.98 653.51 (a) Equity Share capital 51.31 51.31 (b) Capital work-in-progress 1.05 3.42 (b) Other equity 3,072.96 2
Slide 16: Consolidated Profitability Statement – Q2 & H1
Consolidated Profitability Statement – Q2 & H1 Rs. Crores Q2 FY22 Q2 FY21 YoY Growth (%) Q1 FY22 QoQ Growth (%) H1 FY22 H1 FY21 YoY Growth (%) REVENUE 1,797.69 1,248.46 44% 1,462.51 23% 3,260.20 2,341.28 39% EBITDA 366.17 303.96 20% 362.57 1% 728.73 590.83 23% EBITDA margin 20.4% 24.3% 24.8% -442 22
Slide 17: Segmental Revenue Break-up
Segmental Revenue Break-up Q2 FY21 219.70 Q2 FY22 203.70 18% 11% 1,593.99 89% 1,028.76 82% EPC Toll/Annuity EPC Toll/Annuity H1 FY21 H1 FY22 407.25 413.68 17% 13% 2,846.52 1,934.02 87% 83% EPC Toll/Annuity EPC Toll/Annuity PNC infratech 17
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Crores) 30-Sep-21 31-Mar-21 EQUITY AND LIABILITIES (Rs. Crores) 30-Sep-21 31-Mar-21 (1) NON-CURRENT ASSETS EQUITY (a) Property, plant & equipment 621.65 657.45 (a) Equity Share capital 51.31 51.31 (b) Capital work-in-progress 1.05 3.42 (b) Other equity 3,239.78
Slide 19: Net Working Capital Days - Standalone
Net Working Capital Days - Standalone 136 136 129 113 97 103 103 76 81 73 60 57 62 51 Mar/17 Mar/18 Mar/19 Mar/20 Mar/21 Jun/21 Sep/21 Debtors Net Working Capital PNC infratech 19
Slide 20: Cashflow Statement
Cashflow Statement Standalone Consolidated Rs. Crores Half Year ended 30-Sep-21 Half Year ended 30-Sep-20 Half Year ended 30-Sep-21 Half Year ended 30-Sep-20 Profit before tax 325.63 194.47 373.04 247.73 Adjustments 85.08 77.57 358.57 344.45 Operating Cash flow Before Working Capital Changes 410.71
Slide 21: Annexure – II Company Overview
Annexure – II Company Overview PNC infratech
Slide 22: Introduction
Introduction Established track record of timely/early completion of projects • Infrastructure construction, development and management company; expertise in execution of projects including highways, bridges, flyovers, airport runways, industrial areas and transmission lines • Executed 71 major infra
Slide 23: Business Overview
Business Overview Roads & Highways EPC 01 Completed 47 infrastructure road projects on EPC basis Water Supply & Irrigation 07 Roads & Highways BOT / OMT/ HAM Working on EPC projects in Water Supply sector and Irrigation 02 Operating 6 BOT & 1 OMT project, comprising of both Projects toll & annuity a
Slide 24: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) BOT Holdco for road and other infra projects PNC Bareilly Nainital Highways Private Limited (“PNCBNHPL”) 4 laning of the Bareilly-Almora section of SH 37 Ferrovia Transrail Solutions Private Limited (“FTSPL”) PNC Unnao Highways Private Limi
Slide 25: Integrated Business Model
Integrated Business Model ▪ Ownership of a fleet of modern equipment enables quick Own Quarries / Raw Material mobilization besides ensuring Equipment Bank ▪ Own / Leasing of Quarries helps in Sourcing continuous availability of critical securing of raw material and equipment project completion with
Slide 26: Enhanced Execution Capability
Enhanced Execution Capability Strong Credit Rating ◼ Long term bank facilities “CARE AA (Double A)” ◼ Short term bank facilities “CARE A1+ (A One plus)” ◼ “Stable” outlook 01 03 02 Working Capital Limits Man and Machine added ◼ Fund Based Limits of Rs. 1,000 crores which will to execute more project
Slide 27: Enhanced to Augment and upgrade the execution
Enhanced to Augment and upgrade the execution 1,267 1,279 1,094 1,016 725 600 429 FY16 FY17 FY18 FY19 FY20 FY21 H1 FY22 Present Capex will enable us to achieve a Turnover of Rs. 8,000-9,000 crores PNC infratech 27
Slide 28: Strengthening of in-house execution team
Strengthening of in-house execution team 10,032 9,599 8,371 8,334 6,772 4,284 3,947 FY16 FY17 FY18 FY19 FY20 FY21 H1 FY22 Strengthening of In-house execution team with induction of engineers with strong technical knowledge PNC infratech 28
Slide 29: Strong Credit Rating
Strong Credit Rating Upgraded Assigned Reaffirmed ◼ PNC Infratech Ltd. ◼ PNC Unnao Highways Pvt. Ltd. ◼ PNC Triveni Sangam Highways Pvt. Ltd. ✓ Long term bank facilities upgraded to CARE AA; ✓ CARE A; Stable (Single A; Outlook: Stable) on long ✓ CARE A-; Stable (Single A Minus; Outlook: Stable on St
Slide 30: Experienced Promoters
Experienced Promoters Mr. Pradeep Kumar Jain Mr. Naveen Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Chairman & Managing Managing Director Promoter Managing Director Director ◼ Over 40 years of experience ◼ Over 31 years of experience ◼ Over 30 years of experience ◼ Over 25 years of expe
Slide 31: Board of Directors
Board of Directors Mr. Pradeep Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Chairman & Managing Director Managing Director Managing Director Mr. Anil Kumar Rao Mr. Talluri Raghupati Rao Whole-time Director Wholetime Director Mr. Krishan Kumar Jalan (IAS) Mr. Gauri Shankar Mr. Subhash Cha
Slide 32: Clientele
Clientele [enc] e@ JAR. WRITES THE INFRASTRUCTURE PEOPLE sa AUTHORITY OF INDIA ada fearraers writen MSRDC Opeida pei lopment Acthority Delhi State Industrial and Infrastructure Development Corporation Ltd. State Water & Sanitation Mission PIX< NAMAMI GANGE AND RURAL WATER SUPPLY DEPARTMENT Governmen
Slide 33: Growth Strategy
Growth Strategy Diversification: Competitiveness: ◼ Leveraging Strong Project Execution ◼ Improve performance and track record to diversify into new competitiveness of existing functional areas of infrastructure business through investments in development technology, equipment and skilled ◼ Expand p
Slide 34: Contact Us
Contact Us 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 Vice President - Finance Group Account Head +91-9920602034 dk