Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — Investor Presentation (November 2015)
36 slides from Pnc Infratech's investor presentation, November 2015
Slide 1: PNC Infratech Limited Investor Presentation November 2015
PNC Infratech Limited Investor Presentation November 2015
Slide 2: Safe Harbour
Safe Harbour 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 securi
Slide 3: Introduction
1 Introduction PNC Infratech Limited 3
Slide 4: Introduction
Introduction Infrastructure construction, development and management company; expertise in execution of projects including highways, bridges, flyovers, airport runways, industrial areas and transmission lines Executed 48 major infrastructure projects spread across 13 states , of which 28 are road EP
Slide 5: Business Overview
Business Overview Completed 28 Developing/operating 7 infrastructure road Roads & Roads & BOT projects and 1 OMT projects on EPC basis Highways Highways project, comprising of EPC BOT / OMT both toll & annuity assets Set up power transmission Executed 19 airport lines of approximately 350 Power Airp
Slide 6: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) PNC Power Private Limited (“PNCPPL”) BOT Holdco for road and other infra projects Engaged in erection, installation, repair and re-modelling of power plants etc PNC Bareilly Nainital Highways Private Limited (“PNCBNHPL”) 4 laning of the
Slide 7: Evolution and Experience - Timeline
Evolution and Experience - Timeline 2015 Successful IPO and listing on NSE and BSE 2013 & • 1st OMT project awarded – Kanpur Lucknow Ayodhya 2014 Road project • Awarded Agra-Firozabad contract for Rs. 1,635.75 crs 2010 & • Awarded 1st independent road project on BOT basis 2011 • NYLIM Jacob Ballas I
Slide 8: Key Strengths
2 Key Strengths PNC Infratech Limited 8
Slide 9: Integrated Business Model
Integrated Business Model In-house Design & Engineering Controls the entire process from conceptualization to commissioning of In-house Design a given project which helps in providing customized solutions as per clients’ specific requirements & Engineering Equipment Bank Ownership of a fleet of
Slide 10: Strong execution capabilities
Strong execution capabilities Established track record in executing large Infrastructure Projects Roads & Highways Airport runways Re-development of an Industrial Area Power Transmission Lines Double Track Electrified Railway Line Significant portion of Construction Equipment owned H
Slide 11: In-house Project Execution
In-house Project Execution In-house Equipment Bank* In-house Experienced Employee Base Name of Machinery OEM Quantity Heavy Duty Vehicles Ashok Leyland, Tata Motors 493 Cummins/Jackson, Sudhir, Kirloskar, A/L, Diesel Generators 200 Greaves, Prakash, Escorts Light Duty Vehicles and Mahindra, Tata, Fa
Slide 12: Established relationships with public sector clientele and excellent pre-qualification credentials
Established relationships with public sector clientele and excellent pre-qualification credentials Completed 48 major infrastructure projects on EPC basis 44 infrastructure projects executed independently Projects executed across 13 states in India Focus on EPC projects from State, Central &
Slide 13: Pan India Presence with Regional Focus
Pan India Presence with Regional Focus PNC Presence Strength in radius of ~500 Kms of Delhi spreading over various States Upcoming elections in 2 northern states will lead to increased spend on Infrastructure PNC Infratech Limited Map not to scale; Map for Illustration purpose only 13
Slide 14: Robust Order-book of over Rs. 3,570 crores
Robust Order-book of over Rs. 3,570 crores Order-book Highlights Remaining value of contracts under execution Rs. Remaining Key EPC Projects Under Construction Value 3,578 crores as on 30th September 2015 (Rs. Crores) L1 for project of re-surfacing/ strengthening of runway Agra-Firozabad 1,408 a
Slide 15: Experienced Promoters
Experienced Promoters Mr. Pradeep Kumar Jain Mr. Naveen Kumar Jain Chairman & Managing Director Whole-time Director Over 37 years of experience in the Over 28 years of experience in industries such construction, infrastructure sector and allied as construction, cold storage, transportation, area
Slide 16: Board of Directors
Board of Directors Mr. Pradeep Kumar Jain Mr. Naveen Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain CMD Whole-time Director Managing Director Managing Director Mr. Anil Kumar Rao Mr. Sunil Chawla Mr. Chhotu Ram Sharma Mr. Subhash Chander Kalia Whole-time Director Non-Executive Director Ind
Slide 17: Growth Strategy
3 Growth Strategy PNC Infratech Limited 17
Slide 18: Growth Strategy
Growth Strategy Strong Relationships 03 Maintaining Strategic Alliances with companies whose Resources, Skills & Strategies complement ours Enter into project-specific JVs or sub-contracting relationships MoU with POSCO Engineering and Construction India 02 Pvt. Ltd for infrastructure projects
Slide 19: BOT Portfolio
4 BOT Portfolio PNC Infratech Limited 19
Slide 20: Sizeable BOT Portfolio
Sizeable BOT Portfolio Operational PNC Infratech Limited (PNC) Under-construction Invested PNC Share Balance % JV Kms / Equity of Invested commitment Authority State Stretch Type Stake Partners Lanes (Rs. Equity as on Sept. Crores) (Rs. Crores) 30, 2015 Ghaziabad Aligarh SREI, 35.00% NHAI UP NH-91 T
Slide 21: BOT Projects – Key Highlights
BOT Projects – Key Highlights Project Cost Rs. 2,019 Crs Ghaziabad - Aligarh Road Project Total Project Equity Rs. 194 Crs Ghaziabad Aligarh Expressway Pvt Ltd, an SPV for execution of Ghaziabad - Aligarh road Total Equity* Rs. 68 Crs project, is a joint venture between PNCIHL (a wholly owned subs
Slide 22: BOT Projects – Key Highlights
BOT Projects – Key Highlights Project Cost Rs. 340 Crs Gwalior - Bhind Road Project Total Equity* Rs. 78 Crs MP Highways Private Limited (“MPHPL”) is a wholly owned subsidiary of PNC (stake held Total Debt Rs. 235 Crs through PNCIHL) Total Grant Rs. 27 Crs Augmentation of the Gwalior–Bhind secti
Slide 23: BOT Projects – Key Highlights
BOT Projects – Key Highlights Project Cost Rs. 175 Crs Narela Industrial Area Total Equity* Rs. 35 Crs PNC Delhi Industrialinfra Private Limited (“PNCDIPL”) is a wholly owned subsidiary of PNC Total Debt Rs. 140 Crs (stake held through PNCIHL) Total Grant NIL Development, re-development, mainten
Slide 24: BOT Projects – Key Highlights
BOT Projects – Key Highlights Bareilly-Almora section Project Cost Rs. 605 Crs Total Equity* Rs. 75 Crs PNC Bareilly Nainital Highways Private Limited (PNCBNHPL) is a wholly owned subsidiary Total Debt Rs. 460 Crs of PNC Total Grant Rs. 70 Crs Four laning of Bareilly-Almora section of State High
Slide 25: Financial Overview
5 Financial Overview PNC Infratech Limited 25
Slide 26: Financial Overview as on March 31, 2015
Financial Overview as on March 31, 2015 Standalone Consolidated Revenue Revenue 1,861 1,561 6 year Standalone CAGR 1,304 1,306 1,360 1,152 Revenue : ~16% EBITDA : ~19% PAT : ~17% Strong credit rating of CARE A+ for Long Term and FY 13 FY 14 FY 15 FY 13 FY 14 FY 15 CARE A1+ for Short Term L
Slide 27: Standalone Financial Highlights
Standalone Financial Highlights Rs. Crores Revenue EBITDA CAGR: +16% 1,561 CAGR: +19% 217 1,273 1,304 1,139 1,152 154 156 129 142 752 92 FY10 FY11 FY12 FY13 FY14 FY15 FY10 FY11 FY12 FY13 FY14 FY15 PAT Networth CAGR: +17% CAGR: +30% 100 718 629 71 78 76 566 70 493 415 45 194 FY10 FY11 FY12 FY13 FY14
Slide 28: Consolidated Financial Highlights
Consolidated Financial Highlights Rs. Crores Revenue EBITDA CAGR: +19% CAGR: +34% 1,861 280 1,306 1,360 156 175 FY13 FY14 FY15 FY13 FY14 FY15 PAT Networth CAGR: +10% CAGR: +22% 91 871 75 710 588 55 FY13 FY14 FY15 FY13 FY14 FY15 PNC Infratech Limited 28
Slide 29: Key Highlights – H1 FY 2015-16
Key Highlights – H1 FY 2015-16 Long term and short term credit ratings upgraded from CARE A to CARE A+ and CARE A1 to CARE A1+, respectively Secured new orders* worth Rs. 1,743 crores till date, in the current financial year Outstanding order book of Rs. 3,578 crores as of September 30, 2015;
Slide 30: Quarter 2 Profitability Statement
Quarter 2 Profitability Statement Standalone Consolidated Rs. Crores Q2 FY16 Q2 FY15 YoY growth Q2 FY16 Q2 FY15 YoY growth REVENUE 469.5 332.7 41% 556.7 402.1 38% EBITDA 61.1 53.1 15% 92.2 70.2 31% EBITDA margin 13.0% 15.9% 16.6% 17.5% Other Income 3.3 1.1 1.3 1.5 Depreciation 12.5 10.4 32.6 16.1 In
Slide 31: First Half-Year Profitability Statement
First Half-Year Profitability Statement Standalone Consolidated Rs. Crores H1 FY16 H1 FY15 YoY growth H1 FY16 H1 FY15 YoY growth REVENUE 903.9 709.8 27% 1,070.2 851.4 26% EBITDA 121.2 99.3 22% 176.6 134.2 32% EBITDA margin 13.4% 14.0% 16.5% 15.8% Other Income 5.2 3.2 3.5 4.0 Depreciation 24.3 16.8 5
Slide 32: Annual Profitability Statement
Annual Profitability Statement Standalone Consolidated Rs. Crores FY15 FY14 YoY growth FY15 FY14 YoY growth REVENUE 1,561.0 1,152.1 35% 1,860.9 1,360.0 37% EBITDA 216.6 141.9 53% 279.9 175.4 60% EBITDA margin 13.9% 12.3% 15.0% 12.9% Other Income 13.8 10.6 12.1 10.8 Depreciation 36.4 24.8 60.3 40.2 I
Slide 33: Balance Sheet
Balance Sheet Standalone Consolidated Rs. Crores September-15 March-15 September-15 March-15 Shareholder’s Fund 1,192.3 718.4 1,325.1 871.1 Share capital 51.3 39.8 51.3 39.8 Reserves & Surplus 1,141.0 678.6 1,273.8 831.3 Minority Interest - - 0.1 0.1 Non-current liabilities 274.1 274.1 1,759.5 1,566
Slide 34: Net Working Capital Days
Net Working Capital Days* 154 128 124 122 122 115 109 112 111 97 86 65 59 57 FY10 FY11 FY12 FY13 FY14 FY15 Sep-15 Debtors Net Working Capital PNC Infratech Limited * - Standalone 34
Slide 35: Utilization of IPO Proceeds
Utilization of IPO Proceeds Utilization of Net Proceeds as on Offer Proceeds September 30, 2015 Amount Utilization Amount Particulars (Rs. Crores) Pending Particulars Rs. Crores Planned Utilized Utilization Funding working capital 150.00 150.00 0.00 requirements A Fresh Issue 434.70 Investment in ou
Slide 36: 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 AVP - Finance Group Account Head +91-9920602034 dkm@pncinfratech.com kji
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