Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — Q1 FY24 Earnings Presentation
29 slides from Pnc Infratech's earnings presentation, August 2023
Slide 1: PNC Infratech Limited Result Update Presentation Q1FY24
PNC INFRATECH LIMITED Result Update Presentation Q1FY24 STRONG PIPELINE | SWIFT EXECUTION | STEADY GROWTH for a better tomorrow...
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 Limited
Slide 4: Key Highlights for Q1 FY24
Key Highlights for Q1 FY24 Revenue 8% Revenue of Rs. 1,861 crore in Q1FY24 as compared to 1,721 crore* in Q1FY23 EBITDA 11% • EBITDA of Rs. 245 crore in Q1FY24 compared to Rs. 221* crore in Q1FY23 • EBITDA Margin of 13.2% in Q1FY24 PAT 21% • PAT of Rs. 157 crore in Q1FY24 compared to 130* crore in Q
Slide 5: Key Highlights for Q1 FY24
Key Highlights for Q1 FY24 Excluding Revenue (Rs. crore)* EBITDA (Rs. crore)* PAT (Rs. crore)* Bonus +11% +21% +8% 245 157 1,861 221 1,721 130 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 * - Adjusted for Bonus of Rs. 37.02 crs received in Q1 FY23 Including Revenue (Rs. crore) EBITDA (Rs. crore) PAT (R
Slide 6: Order Book Details
Order Book Details PNC Infratech Limited
Slide 7: Robust Order Book over Rs. 14,900 crores
Robust Order Book over Rs. 14,900 crores ◼ Remaining value of contracts under execution of over Rs. 14,900 crore as on Remaining 30th June 2023 Awarding Key EPC Projects Under Construction Value Authority ◼ The below orders are not included in order book as on 30th June 2023: (Rs. Crores) ✓ Concessi
Slide 8: Portfolio of Development Projects on PPP Mode
Portfolio of Development Projects on PPP Mode PNC Infratech Limited
Slide 9: 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 Jun ‘23 Stake Partners Lanes (Rs. Crs) Amount (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Kanpur Kabrai 100% NHAI UP / N
Slide 10: Sizeable Project Portfolio: HAM Projects
Sizeable Project Portfolio: HAM Projects PNC Share of Debt / Bond as on % TPC Invested Equity Total Debt Project Authority State / Stretch Kms / Lanes Status Invested Amount 30th Jun’23 Stake (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Dausa-Lalsot 100% NHAI Raj/ NH11A 83.45/ 4/2 COD 820 65 65
Slide 11: Annexure – I Summary Financials
Annexure – I Summary Financials PNC Infratech Limited
Slide 12: Standalone Profitability Statement – Q1 FY24
Standalone Profitability Statement – Q1 FY24 Rs. Crores Q1 FY24 Q1 FY23 * YoY Growth (%) REVENUE 1,861.43 1,721.11 8% EBITDA 245.06 220.76 11% EBITDA margin 13.2% 12.8% Other Income 7.77 7.50 Depreciation 24.96 26.92 Financial Expenses 16.35 17.47 Profit Before Tax 211.52 183.87 15% Total Tax Expens
Slide 13: Consolidated Profitability Statement – Q1 FY24
Consolidated Profitability Statement – Q1 FY24 Rs. Crores Q1 FY24 Q1 FY23 * YoY Growth (%) REVENUE 2,091.70 2,015.87 4% EBITDA 436.42 481.29 EBITDA margin 20.9% 23.9% Other Income 20.02 13.26 Depreciation 47.66 104.22 Interest 147.01 106.80 Profit Before Tax 261.77 283.54 Total Tax Expenses 81.15 79
Slide 14: Net Working Capital Days - Standalone
Net Working Capital Days - Standalone 97 99 93 87 83 73 74 77 60 62 57 51 Mar/19 Mar/20 Mar/21 Mar/22 Mar/23 Jun/23 Debtors Net Working Capital PNC Infratech Limited 14
Slide 15: Segmental Revenue Break-up
Segmental Revenue Break-up- Q1 FY23* Q1 FY24 82.02 397.20 420.65 4% 20% 20% 230.53 11% 1,536.65 76% 1,440.52 69% EPC Water Toll/Annuity EPC Water Toll/Annuity * - Excluding Bonus of Rs. 37.02 crs received in Q1 FY23 PNC Infratech Limited 15
Slide 16: Annexure – II Company Overview
Annexure – II Company Overview PNC Infratech Limited
Slide 17: Introduction
Introduction Established track record of timely/early completion of projects • Infrastructure construction, development, and management company; expertise in the execution of projects including highways, bridges, flyovers, airport runways, industrial areas, railways and transmission lines • Executed
Slide 18: Business Overview
Business Overview Roads & Highways EPC Completed 61 infrastructure road projects on EPC basis Water Supply & Irrigation Roads & Highways BOT / OMT/ Working on EPC projects in Water HAM Supply sector and Irrigation Projects Operating 5 BOT projects, comprising both toll & annuity assets; Total of 22
Slide 19: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) BOT Holdco for road and other infra projects PNC Bareilly Nainital Highways Private Limited (“PNCBNHPL”) PNC Gomti Highways Private Limited (“PNCGHPL”) Joint Ventures 4 laning of the Bareilly-Almora section of SH 37 4 Laning of Jagdishpur F
Slide 20: Integrated Business Model
Integrated Business Model Equipment Own Quarries / In-house In-house Bank Raw Material Construction Design & Sourcing Engineering ▪ Ownership of a fleet ▪ Own / Leasing of ▪ Ensuring timely ▪ Controls the entire of modern equipment Quarries helps in completion of process from enables quick securing
Slide 21: Enhanced Execution Capability
Enhanced Execution Capability Man and Machine added to Strong Credit Rating Working Capital Limits execute more projects ▪ Long term bank facilities “CARE AA+ ▪ Fund Based Limits of Rs. 1,000 ▪ Strengthening of In-house execution (Double A plus)” crores which will enable us to team with induction of
Slide 22: Enhanced to Augment and upgrade the execution
Enhanced to Augment and upgrade the execution Rs. Crores 1,330 1,317 1,267 1,273 1,094 1,016 FY19 FY20 FY21 FY22 FY23 Q1FY24 Present Capex will enable us to achieve a Turnover of Rs. 10,000-12,000 crores PNC Infratech Limited 22
Slide 23: Strengthening of in-house execution team
Strengthening of in-house execution team No. of Employees 10,187 9,599 9,387 9,498 8,371 8,334 FY19 FY20 FY21 FY22 FY23 Q1FY24 Strengthening of In-house execution team with induction of engineers with strong technical knowledge PNC Infratech Limited 23
Slide 24: Strong Credit Rating
Strong Credit Rating Upgraded Assigned Reaffirmed ◼ PNC Infratech Ltd. ◼ PNC Meerut Haridwar Highways Pvt. Ltd. ◼ PNC Rajasthan Highways Private Limited ✓ Long term bank facilities at CARE AA+; Stable (Double A ✓ CARE A; Stable (Single A; Outlook: Stable) on long term ✓ Non Convertible Debentures at
Slide 25: Experienced Promoters
Experienced Promoters Mr. Pradeep Kumar Jain Mr. Naveen Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Chairman & Managing Promoter Managing Director Managing Director Director ◼ Over 40 years of experience ◼ Over 31 years of experience ◼ Over 30 years of experience ◼ Over 25 years of expe
Slide 26: 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 27: Clientele
Clientele PNC Infratech Limited 27
Slide 28: Growth Strategy
Growth Strategy STRONG FOCUSED DIVERSIFICATION COMPETITIVENESS RELATIONSHIP APPROACH ◼ Leveraging Strong Project ◼ Maintaining Strategic ◼ Improve performance and ◼ Continue to focus on our Execution track record to Alliances with companies competitiveness of existing Core EPC Strength & diversify i
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 Vice President - Finance COO – IR Practice +91-9920602034 dkm@pncinfrate