G R Infraprojects Ltd. · NSE:GRINFRA
G R Infraprojects — Q4 FY2023 Earnings Presentation
36 slides from G R Infraprojects's earnings presentation, May 19, 2023
Slide 1: Stock exchange cover letter for investor presentation
19th May 2023 To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C‐1 Dalal Street, Fort G Block, Bandra‐Kurla Complex, Bandra(E) Mumbai – 400001 Mumbai ‐400051 Scrip Code: 543317 Symbol: GRINFRA Sub: Investor Presentation on the financial resu
Slide 2: G R Infraprojects Limited – Company Presentation Q4 FY23
G R Infraprojects Limited Getting People Places, Faster Company Presentation Getting People Places, Faster Quarter 4 - Financial Year 23
Slide 3: Context
Context Disclaimer Imphal - Moreh Project Page 3 1 Highlights: Q4 FY 23 2 Page 5 What we do and key milestones 3 Page 18 Overview – Historical data 4 (Financial & Operational) Page 26 5 Awards Page 33 2
Slide 4: Disclaimer (1/2)
Disclaimer (1/2) This presentation is issued by G R Infraprojects Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any particular person. This presentation does not constitute or form part of any offe
Slide 5: Disclaimer (2/2)
Disclaimer (2/2) The information contained in these materials has not been independently verified. None of the Company, its subsidiaries, its joint ventures, its directors or affiliates or associates, as applicable, nor any of its or their respective employees, advisers or representatives or any oth
Slide 6: Highlights: Q4 - FY 23
Highlights: Q4 - FY 23 Sidhi Ganeshpur - Sansarpur Project
Slide 7: Q4 FY23 QoQ and YoY Highlights
Q4 - FY 23 Total Income (Rs in Mn) EBITDA Margin (%) & EBITDA (Rs in Mn) PAT Margin (%) & PAT (Rs in Mn) 9.17% 9.63% QoQ Highlights 14.58% 14.53% 5.61% 4.70% 10.37% 19,409 20,498 2,768 2,898 1,922 1,741 Q3 2023 Q4 2023 Q3 2023 Q4 2023 Q3 2023 Q4 2023 Total Income (Rs in Mn) EBITDA Margin (%) & EBITD
Slide 8: Financial Year 23
Financial Year 23 Total Income (Rs in Mn) EBITDA (Rs in Mn) 90000 83285 16.18% 16.12% 14500 80516 80000 13131 12811 70000 12000 60000 50000 9500 40000 7000 30000 20000 4500 10000 0 2000 Total Income EBITDA FY 22 FY 23 FY 22 FY 23 Note: 1) All data on a Standalone basis. 7
Slide 9: Q4 FY 23 Working Capital and Debt to Equity
Q4 FY 23 Net Working Capital Days Debt to Equity Ratio & Net Debt to Equity Ratio (including Mob. Advances) 1.20 1.11 1.14 1.06 82 Days 104 Days 1.00 0.95 0.90 0.91 82 0.91 0.91 0.89 0.80 0.83 0.81 0.82 0.60 0.40 0.31 45 0.27 0.28 0.26 39 0.24 0.23 39 39 38 37 0.20 0.21 0.22 0.21 0.17 0.18 0.15 21 0
Slide 10: Standalone Profit and Loss Statement
Standalone Profit and Loss Statement (Rs in Millions) A B C D E Particulars Q4 Q3 Q4 YE Mar 23 YE Mar 22 FY 22‐23 FY 22‐23 FY 21‐22 Income Revenue from operations 19,949.20 18,988.11 22,680.76 81,475.88 79,191.75 Other income 549.17 421.33 331.25 1,809.01 1,324.02 Total income 20,498.37 19,409.44 23
Slide 11: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement (Rs in Millions) A B C D E Particulars Q4 Q3 Q4 YE Mar 23 YE Mar 22 FY 22‐23 FY 22‐23 FY 21‐22 Income Revenue from operations 24,611.23 21,918.79 23,961.12 94,815.15 84,583.48 Other income 308.34 174.16 182.44 872.95 666.18 Total income 24,919.57 22,092.95 24,1
Slide 12: Consolidated Debt
Debt Breakup (Fund Based) as on March 31, 2023 Particulars Rs. In Million STANDALONE DEBT Debentures 7,365.27 20% Standalone Debt Term Loan 1,509.20 DEBENTURES Working Capital 1884.33 TERM LOAN Mobilization Advance 2,716.12 14% Total Debt 13,474.92 55% WORKING CAPITAL MOBILISATION ADVANCE #Cash and
Slide 13: Development during the Year – Projects won
Development during the Year – Projects won Bid Project Cost S. No. Name of the Project Award Status (Rs. In Mn.) Development, Operation and Maintenance of Ropeway from Gaurikund to 1 L1 18750.00 Kedarnath in the State of Uttarakhand on Hybrid Annuity Mode Development, Operation and Maintenance of Ro
Slide 14: Development during the Year – Projects won
Development during the Year – Projects won Bid Project Cost S. No. Name of the Project Award Status (Rs. In Mn.) Construction of 4/6 lane Bypass for Belagavi city from km 11.773 (km 11 Goa side of 9 NH-4A) to km. 46.253 (km 516 Pune side of NH-4) (design length 34.480 km) in the Awarded 8973.70 Stat
Slide 15: Annuities received since FY 21 till FY 23
Annuities received since FY 21 till FY 23 Annuities received (Rs. Mn) 11,000 10,145 10,000 (Rs. In Millions) 1,157 9,000 Type of Project FY21 FY22 FY23 376 8,000 7,728 NHAI HAM 1,761 6,381 8,612 971 7,000 376 NHAI Annuity 376 376 376 6,000 5,000 Others 817 971 1,157 8,612 4,000 Total 2,953 7,728 10,
Slide 16: Portfolio of Road / Transmission Projects (Operational)
Portfolio of Road / Transmission Projects (Operational) Reengus-Sikar (BoT) Nagaur-Mukundgarh (HAM) Phagwara-Rupnagar (HAM) Porbandar-Dwarka (HAM) Handia-Varanasi (HAM) Akkalkot-Solapur (HAM) Sangli-Solapur (HAM) Gundugolanu-Devarapalli (HAM) Dwarka-Devariya (HAM) Aligarh-Kanpur (HAM) 15
Slide 17: Portfolio of Road / Transmission Projects (Under Construction)
Portfolio of Road / Transmission Projects* (Under Construction) Ludhiana-Rupnagar (HAM) Ena-Kim (HAM) Ujjain-Badnawar (HAM) Shirsad-Masvan (HAM) Anjar Bhuj (HAM) Bilaspur-Urga (HAM) Madanapalli-Pileru (HAM) Galgalia-Bahadurganj (HAM) Bandikui-Jaipur Corridor (HAM) Bahadurganj-Araria (HAM) Govindpur-
Slide 18: Robust Order Book
Robust Order Book Order book as on 31st March 2023 is Rs 1,95,294.46 Million Project Mix Client Wise Distribution State Wise Distribution 1% 4% 6% 4% 0% 1% 7% 12% 7% 5% 3% Andhra Pradesh 6% 11% Bihar Chhatisgarh 5% Gujarat EPC NHAI Madhya Pradesh HAM Maharashtra REC Railways Punjab Rajasthan Transmi
Slide 19: What we do & Key Milestones
What we do & Key Milestones - Ps mony ore “a ey ae ; 43 rar at — aay 2 = = > a ; 7 :
Slide 20: GRIL – Our Business
GRIL – Our Business TRANSMISSION RAILWAYS & EMULSION/ HIGHWAYS METRO PMB ROPEWAY ROAD SIGNAGES METAL AND MARKING CRASH PAINT BARRIER BRIDGES TUNNEL WORK 19
Slide 21: Key Milestones
Key Milestones • Achieved PCOD for first NHAI HAM project, Phagwara – Rupnagar • First HAM project awarded with Bid Project Cost • Successful listing of the Company on of ₹ 13,670.0 Mn BSE and NSE on July 19, 2021 • Divestment of equity stake in - Jodhpur Pali • Entry into Transmission Segment Expre
Slide 22: Overview – GRIL Snapshot
Overview – GRIL Snapshot An Integrated EPC Company, with proven track record of timely project execution over last 25 years. Presence in 18 States 4 Manufacturing Units 8000+ plant & 16,000+ employees equipment Dedicated repair & Rating AA (Stable) maintenance workshop CRISIL & CARE All figures are
Slide 23: Our Clients
Our Clients T 4 pera POSE. MoRTH P Expressway Industrial BUILDING INFRASTRUCTURE - BUILDING THE NATION Ministry of Road Tr rt m Ond Highways Development Authority Public Works Department H P Cc ‘weata wad = Government of Rajasthan oy P ‘oie © 34 Prom Prom Ribes sige (Feymetio Rail Vikas Nigam Limite
Slide 24: Committed to growth, with purpose
Committed to growth, with purpose FOCUSED MARKET Construction STRATEGIES Environment We understand the nations We show our care for the need, design it through environment through CSR perfection and build it to FOCUSED EPC GROWING initiatives dreams EXPAND THE PORTFOLIO TOGETHER WITH PLAYER OUR NATI
Slide 25: Strong Board with diverse experience
Strong Board with diverse experience Vinod Kumar Agarwal : Chairman and Wholetime Director He has over 25 years of experience in the road construction industry. He has been a Director on our Board since incorporation of our Company and has been instrumental in the growth of our Company. He looks aft
Slide 26: Strong Board with diverse experience
Strong Board with diverse experience Rajendra Kumar Jain : Non- Executive Independent Director He holds a bachelor’s degree in commerce from Rajasthan University and a master’s degree in commerce (specialising in business administration) from Maharshi Dayanand Saraswati University, Ajmer. He is also
Slide 27: Overview – Historical Data (Financial & Operational)
Overview- Historical Data (Financial & Operational) 26
Slide 28: Overview- Historical Financial Data
Overview- Historical Financial Data Revenue From Operations (Rs in Mn) EBITDA* (%) / EBIDTA (Rs in Mn) 21.42% 21.81% 19.82% 19.50% 81,476 17.56% 79,192 CAGR: 72,445 CAGR: 17.94% 21.26% 18.99% 60,278 14,135 14,940 14,379 13,350 49,502 10,748 31,081 6,263 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 202
Slide 29: Overview- Historical Financial Data
Overview- Historical Financial Data PAT (Rs in Mn) / PAT Margin (%) Net Cash Flow (Used In)/ from operating Activities (Rs in Mn) 12.63% 8,312 11.87% 11.25% 7,644 10.59% 9.45% 10.23% 6,516 CAGR: 16.36% 8,518 5,606 7,806 7,608 4,199 6,888 5,957 3,992 (41) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 20
Slide 30: Overview- Historical Financial Data
Overview- Historical Financial Data Fixed Assets Turnover Ratio Net Debt/ Equity & Net Debt /EBITDA 6.54 6.27 0.88 0.82 6.26 6.35 5.73 0.83 5.80 0.70 0.65 0.42 0.42 0.36 0.33 0.23 0.20 0.19 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Net Debt/Equit
Slide 31: Overview- Historical Operational Data
Overview- Historical Operational Data Employee Count Order Book* (Rs.in Mn) 1,95,294 17,721 16,333 1,70,526 16,157 1,48,799 12,956 1,31,039 1,18,648 1,17,143 11,149 7,321 FY18 FY19 FY20 FY21 FY22 FY 2023 FY18 FY19 FY20 FY21 FY22 FY 23 Employee Count Order Book *excluding GST 30
Slide 32: Strong focus on Quality Execution
Strong focus on Quality Execution Design and engineering (Centralized): Continuous improvements are made on the designs in coordination with the Project Management Team (PMT) Manufacturing (In-house across the country): Supply is synchronized with site progress and product specifications are finaliz
Slide 33: Leveraging operating efficiencies from vertical integration
Leveraging operating efficiencies from vertical integration THREE KEY STEPS IN VALUE CHAIN IN-HOUSE MANUFACTURING FACILITIES PMB, Emulsion facility & Enables efficient Road Signages, Udaipur. In-House Design & Capacity: 30,000MT designs & quick Engineering Team Emulsion Facility, changes Sandila Cap
Slide 34: Awards and Accolades
• Awards and Accolades 33
Slide 35: Notable Awards
Notable Awards Emerging Best Best Best Places to Companies Professionally Construction Work in Excellence Managed Company Projects Construction Award Industry Business Today in Construction Construction association with Industry Industry Ambition Box Yes Bank Development Development Council Council
Slide 36: Thank You
G R Infraprojects Limited Getting People Places, Faster Company Presentation Getting People Places, Faster Thank You Anand Rathi, CFO G R Infraprojects Limited Second Floor, Novus Tower, Plot No.18, Sector-18, Gurugram, Haryana-122015, +91 124 643 5000