Capacit'e Infraprojects Ltd. · NSE:CAPACITE
Capacit'e Infraprojects — Q4 FY2019 Earnings Presentation
44 slides from Capacit'e Infraprojects's earnings presentation, May 13, 2019
Slide 1: Exchange cover letter: Investor Presentation – May 2019
Ref : CIL/STEX 30/Q4FY19 Date : May 13, 2019 To The Secretary, The Secretary, BSE Limited National Stock Exchange of India Limited Corporate relation Dept, Plot No. C/1, G Block, P.J. Towers, Bandra Kurla Complex Dalal Street, Fort, Bandra (East) Mumbai-400 001 Mumbai-400 051 Scrip Code – /Scrip Id:
Slide 2: Capacit'e Infraprojects Ltd. Investor Presentation Q4 & FY19
Capacit'e Infraprojects Ltd. Investor Presentation Q4 & FY19 1
Slide 3: Safe Harbor
2 Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Capacit'e Infraprojects Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for an
Slide 4: FY19 Standalone Performance
3 Hiranandani – The Walk, Mumbai, MMR FY19 Standalone Performance
Slide 5: Strong all round performance in FY19 despite tough industry environment
4 Strong all round performance in FY19 despite tough industry environment Total Income EBITDA ₹1,825 Crores 34% YoY ₹285 Crores 25% YoY EBITDA Margin PAT 15.6% ₹96 Crores 21% YoY Final Dividend ₹ 1/ share (Subject to shareholders approval) Cash PAT Total Collections ₹198 Crores 23% YoY ~₹1,745 Crore
Slide 6: Our Order Book Status
5 Our Order Book Status Private Sector 01 ₹ 6,262 Crores ~50% of the order inflow during FY19 are from existing clients 02 Public Sector Order worth ₹ 484 Crore from Municipal Corporation of Greater Mumbai, Health Infrastructure Cell in Q4FY19 ₹ 915 Crores MHADA 03 (under an Integrated SPV) Project
Slide 7: Top Quality Clientele – Testimony of our Execution capabilities
6 Top Quality Clientele – Testimony of our Execution capabilities Top 10 Client Groups comprise 75% of the Total Order Book The Oberoi Group Furien Engineering Construction The Piramal Group The Purvankara Group MCGM- Health Infrastructure Cell The Brigade Group The Kalpataru Group Arihant Abode Lim
Slide 8: Growth in the face of challenges
7 Growth in the face of challenges Total Income by 34% EBITDA by 25% Challenges faced by the sector PAT 21% Cash PAT by 23% NBFC liquidity crisis Strong Order Inflow of ₹ 3,629 Crs Capacit'e Performance Total collections in FY19 is ~ ₹ 1,745 Crores NGT ban on construction activities in North India I
Slide 9: Key Standalone Financial Highlights of FY19
8 Key Standalone Financial Highlights of FY19 Total Income (₹ in Cr.)* EBITDA (₹ in Cr.) PAT (₹ in Cr.) Cash PAT (₹ in Cr.) 34% 1,825 25% 285 21% 96 23% 198 228 79 161 1,360 FY18 FY19 FY18 FY19 FY18 FY19 FY18 FY19 * Revenue growth is higher by 4% on account of IndAS 115 adoption w.e.f. 1st April 201
Slide 10: Key Growth Drivers
9 Key Growth Drivers Increasing Market share Beginning of the Mumbai Development Commercial Segment Retail Real Estate Warehousing Boom of Tier 1 Developers Housing Upcycle Plan 2034 ▪ Market share of category A ▪ Housing has a 10-12 year ▪ FSI for Commercial ▪ India’s office space per ▪ Whopping 34
Slide 11: Order Book Details excluding MHADA
10 Order Book Details excluding MHADA (₹ In Crs) Order Backlog Project Split Category wise split 7,177 5,682 4,289 2,266 2,805 1,693 High Rises Other Buildings & 22% Commercial & Institutional Super High Rises FY14 FY15 FY16 FY17 FY18 FY19 24% 43% (₹ In Crs) Order Inflow 1,807 1,822 1,515 931 35% 76
Slide 12: Q4 & FY19 Profit & Loss
11 Q4 & FY19 Profit & Loss Standalone Financials Consolidated Financials Particulars (₹ In Crs) Q4 FY19 Q4 FY18 Y-o-Y FY19 FY18 Y-o-Y FY19 FY18 Y-o-Y Revenue from Operations 497.6 380.9 30.6% 1,787.6 1,335.6 33.8% 1,797.6 1,341.1 34.0% Other Income 9.6 8.8 36.9 24.4 36.0 24.2 Total Income 507.2 389.
Slide 13: FY19 Standalone Balance Sheet - Strong Balance Sheet with low leverage
12 FY19 Standalone Balance Sheet - Strong Balance Sheet with low leverage ASSETS (₹ In Crs) Mar-19 Mar-18 EQUITY AND LIABILITIES (₹ In Crs) Mar-19 Mar-18 NON-CURRENT ASSETS 726 541 EQUITY 843 749 Property, plant & equipment 539 409 Equity Share capital 68 68 Capital work-in-progress 4 0 Other equity
Slide 14: FY19 Consolidated Balance Sheet - Strong Balance Sheet with low leverage
13 FY19 Consolidated Balance Sheet - Strong Balance Sheet with low leverage ASSETS (₹ In Crs) Mar-19 Mar-18 EQUITY AND LIABILITIES (₹ In Crs) Mar-19 Mar-18 NON-CURRENT ASSETS 718 524 EQUITY 843 748 Property, plant & equipment 539 409 Equity Share capital 68 68 Capital work-in-progress 4 0 Intangible
Slide 15: Key Financial Indicators
14 Key Financial Indicators ROE ROCE 23.1% 29.7% 10.5% 11.3% 16.2% 17.8% FY17 FY18* FY19 FY17 FY18* FY19 Working Capital turnover days Net Debt : Equity (x) Core Fixed Asset T/O (x) 0.49 68 58 4.4 44 4.2 0.10 4.0 FY17 FY18* FY19 -0.11 FY17 FY18 FY19 FY17 FY18 FY19 Standalone Figures *Company came ou
Slide 16: Our Story
Our Story 15 Godrej Central – Mumbai, MMR
Slide 17: Capacit'e Infraprojects Ltd: Transforming Vision into Reality
16 Capacit'e Infraprojects Ltd: Transforming Vision into Reality Clientele Financials Marquee client base resulting into repeat Strong and well orders and yielding a Resources capitalized Balance Large Order book with Sheet & Financial high revenue visibility Ownership of Core Management Assets + Te
Slide 18: Ready to Capitalize on vast opportunities
17 Ready to Capitalize on vast opportunities Specialization in Super Strong relationships Experienced Focus only on – High Rise & High Rise with clients Management Buildings & Factories 01 02 03 04 05 06 07 08 09 Well capitalized Good Corporate Strong Order Book Revenue Visibility Balance Sheet Stro
Slide 19: Our Strategy: Focused Player in Buildings Segment
18 Our Strategy: Focused Player in Buildings Segment Specialist in High Rise & Super High Rise Focus on Building Construction Expand in Institutional & Commercial Buildings Grow Order book on Lock-and-key basis Bid for Design-Build & Public Projects Capitalize on RERA implementation Expand presence
Slide 20: Scalable Business Model on back of Best in Class Resources
19 Scalable Business Model on back of Best in Class Resources 1. Modern Technology: Temperature controlled concrete for mass pours, self compacting free flow concrete for heavily reinforced pours and Modern Technology special concrete for vertical pumping in Super 01 High Rise Buildings 2. Core Asse
Slide 21: Our FOCUS – To Create a Sustainable Future
20 Our FOCUS – To Create a Sustainable Future Balance Sheet Focus Asset Turnover Focus on maintaining comfortable Debt/Equity Focus on improving Asset Turnovers by levels which stems from our ethos of building efficient deployment & maintenance of relationships with credible organized players resour
Slide 22: Certifications & Awards
21 Certifications & Awards Certificate of Compliance Golden Peacock Award Integrated Management System Quality Management System ISO 9001:2008 Environmental Management System ISO 14001:2004 Occupational Health and Safety Management System OHSAS 18001:2007 CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E IN
Slide 23: Marquee Clientele… a testimony of our Execution Track record
22 Marquee Clientele… a testimony of our Execution Track record Existing clientele (Regular Repeat orders & Huge pipeline) Addition of New clients Timely delivery Quality output Growing Order Book CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E INFRASTRUCTURES LIMITED
Slide 24: Management & Board
Management & Board 23 Rustomjee Seasons, Mumbai, MMR
Slide 25: Experienced Promoters at the helm of affairs…
24 Experienced Promoters at the helm of affairs… Mr. Rohit R. Katyal Mr. Rahul R. Katyal Mr. Subir Malhotra Executive Director & CFO Managing Director Executive Director ▪ Has a vast experience of ~27 years ▪ Has a vast experience of ~23 years ▪ Has a vast experience of ~28 years ▪ Currently focuses
Slide 26: Governed by a Strong Board of Directors
25 Governed by a Strong Board of Directors Mr. S.B. Mainak Mr. Siddharth D. Parekh Mr. Sumeet S. Nindrajog Ms. Farah Nathani – Menzies Mr. Arun Karambelkar Chairperson (Independent) Non-Executive Director Non-Executive Director Independent Director Independent Director ▪ Has more than 30 years ▪ Has
Slide 27: Our Creations
Our Creations 26 Paras Quartier, Gurgaon, NCR
Slide 28: Tata Trust Cancer Hospital (Varanasi)
27 Tata Trust Cancer Hospital (Varanasi) CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E INFRASTRUCTURES LIMITED
Slide 29: Wadhwa Group, H Mill - Tower 1 & 2 (MMR)
28 Wadhwa Group, H Mill - Tower 1 & 2 (MMR) CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E INFRASTRUCTURES LIMITED
Slide 30: Lodha, The Park (Trump Towers) (MMR)
29 Lodha, The Park (Trump Towers) (MMR) CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E INFRASTRUCTURES LIMITED
Slide 31: Lodha, One Altamount (MMR)
30 Lodha, One Altamount (MMR) Currently India’s Tallest Composite Residential Building “Completed” In India CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E INFRASTRUCTURES LIMITED
Slide 32: Saifee Burhani Upliftment Trust (MMR)
31 Saifee Burhani Upliftment Trust (MMR) Efficiently executing a huge project in the crowded vicinity of Bhendi Bazar comprising of narrow lanes CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E INFRASTRUCTURES LIMITED
Slide 33: Our Creations
32 Our Creations Bharti Worldmark, Century Breeze, Paras Quartier, Gurgaon Bengaluru Gurgaon, NCR Ozone Hyatt, Bengaluru CAPACIT'E INFRAPROJECTS LIMITED CAPACIT’E INFRASTRUCTURES LIMITED
Slide 34: Some Projects that we have Virtually Completed/ Delivered (1/3)
33 Some Projects that we have Virtually Completed/ Delivered (1/3) Seaview – Candor ▪ Commercial project at Sector 135, Noida ▪ Vertical height of the project is ~63 meters ▪ Project scope - construction of 3 towers with 02 Basements and Ground plus 14 floors ▪ Project executed for Seaview Developer
Slide 35: Some Projects that we have Virtually Completed/ Delivered (2/3)
34 Some Projects that we have Virtually Completed/ Delivered (2/3) Bharti Worldmark ▪ Commercial project executed for Bharti Airtel in Sector 65, Gurgaon ▪ Vertical Height of the structure is ~ 42 meters ▪ Project scope - construction of 4 towers with 2 Basements and Ground plus 14 floors Godrej Cen
Slide 36: Some Projects that we have Virtually Completed/ Delivered (3/3)
35 Some Projects that we have Virtually Completed/ Delivered (3/3) Sattva – Cadenza ▪ 7 Buildings, Build up area is 10.46 Lakh Sq. ft. ▪ Building Height is 70m ▪ Project Scope - Shell & Core and Blockwork, Tilling & Painting Provident – The Tree Hiranandani – The Walk ▪ 2 Buildings; Building 1 has 3
Slide 37: Our Industry
36 Transcon Sheth Auris Serenity, Mumbai, MMR Our Industry
Slide 38: Favorable Industry Dynamics
37 Favorable Industry Dynamics RERA ▪ Leading to a shift from Un-Organized to Organized ▪ Supports Construction EPC players PMAY Scheme Growing demand for Commercial & Retail space ▪ A ~Rs. 4.5 Trillion opportunity driven by ‘Pradhan Mantri Awas Yojna’ (PMAY) under the ‘Housing for All’ scheme ▪ Lac
Slide 39: Mumbai Development Plan 2034
38 Mumbai Development Plan 2034 Increase in FSI ▪ Government has increased the Floor Space Index, for both commercial and residential buildings Affordable Housing Push Central & Suburban Mumbai to benefit ▪ The authorities have approved to release ▪ The non-development zones proposed to be 3,355 hec
Slide 40: Our Historical Performance
Our Historical Performance 39 Lodha, One Altamount, Mumbai, MMR
Slide 41: Strong Standalone Financial Performance
40 Strong Standalone Financial Performance Total Income (₹ in Cr.) EBITDA (₹ in Cr.) 45% 38% 1,825 285 1,360 212 228 1,140 815 117 510 65 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17 FY18 FY19 PAT (₹ in Cr.) Cash PAT (₹ in Cr.) 37% 48% 198 96 161 79 135 69 44 27 63 41 FY15 FY16 FY17 FY18 FY19 FY15 FY16 F
Slide 42: Standalone Profit & Loss Statement
41 Standalone Profit & Loss Statement Particulars (₹ In Crs) FY19 FY18 FY17 Revenue from Operations 1788 1,336 1,125 Other Income 37 24 15 Total Income 1825 1,360 1,140 Cost of Material Consumed (Incl. Construction Expenses) 1,320 966 796 Employee Expenses 146 117 87 Other Expenses 73 49 46 EBITDA 2
Slide 43: Standalone Balance Sheet
42 Standalone Balance Sheet ASSETS (₹ In Crs) Mar’19 Mar’18 Mar’17 EQUITY AND LIABILITIES (₹ In Crs) Mar’19 Mar’18 Mar’17 NON-CURRENT ASSETS 726 543 381 EQUITY 843 749 299 Property, plant & equipment 539 409 324 Capital work-in-progress 4 0 7 Equity Share capital 68 68 44 Intangible assets 2 1 2 Oth
Slide 44: For further information, please contact
43 For further information, please contact Company : Investor Relations Advisors : Capacit'e Infraprojects Ltd. Strategic Growth Advisors Pvt. Ltd. CIN - L45400MH2012PLC234318 CIN - U74140MH2010PTC204285 Mr. Alok Mehrotra (President, Corporate Finance) Mr. Shogun Jain/Mr. Pratik R. Shah ir@capacite.
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