Pnc Infratech Ltd · NSE:PNCINFRA

Pnc Infratech — Q4 FY2015-16 Earnings Presentation

31 slides from Pnc Infratech's earnings presentation, May 30, 2016

  1. Slide 1: PNC Infratech Limited Results Update Presentation Q4 and FY 2015-16

    PNC Infratech Limited Results Update Presentation Q4 and FY 2015-16

  2. 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

  3. Slide 3: Key Highlights & Financials

    1 Key Highlights & Financials PNC Infratech Limited 3

  4. Slide 4: Key Financial Highlights – Q4 FY 2015-16

    Key Financial Highlights – Q4 FY 2015-16 27% Standalone Revenue 26% Standalone EBITDA 369% Standalone PAT Rs. 589 crores Rs. 77 crores Rs. 154 crores Standalone EBITDA Margin Standalone PAT Margin at 13.05% at 26.11% 28% Consolidated Revenue 47% Consolidated EBITDA 428% Consolidated PAT* Rs. 694 cro

  5. Slide 5: Key Financial Highlights – FY 2015-16

    Key Financial Highlights – FY 2015-16 29% Standalone Revenue 23% Standalone EBITDA 142% Standalone PAT Rs. 2,014 crores Rs. 266 crores Rs. 243 crores Standalone EBITDA Margin Standalone PAT Margin at 13.20% at 12.05% 29% Consolidated Revenue 46% Consolidated EBITDA 137% Consolidated PAT* Rs. 2,395 c

  6. Slide 6: Other Highlights – FY 2015-16

    Other Highlights – FY 2015-16  MP Highways Private Limited - revised from  Recommended dividend @ 25% CARE BBB To CARE BBB(+) i.e. Rs. 2.50 per equity share of Rs. 10/- each for the financial  PNC Kanpur Highways Limited - revised from CARE BBB(-) To CARE BBB year ended March 31, 2016* compared t

  7. Slide 7: Order Book & Project Highlights – FY 2015-16

    Order Book & Project Highlights – FY 2015-16  Remaining value of contracts under  Commenced operations on 4 BOT execution Rs. 5,537 crores as on March projects 31, 2016  Tolling commenced from May 7, 2015 at the  Secured 7 new projects, for a total 100% owned Kanpur-Kabrai project - NHAI contrac

  8. Slide 8: Standalone Financial Highlights – Q4 FY 2015-16

    Standalone Financial Highlights – Q4 FY 2015-16 Revenue (Rs. Crs) EBITDA (Rs. Crs) +27% +26% 589 77 464 61 Q4 FY15 Q4 FY16 Q4 FY15 Q4 FY16 PAT (Rs. Crs) +369% 154 33 Q4 FY15 Q4 FY16 PNC Infratech Limited 8

  9. Slide 9: Standalone Financial Highlights – FY 2015-16

    Standalone Financial Highlights – FY 2015-16 Revenue (Rs. Crs) EBITDA (Rs. Crs) +29% +23% 2,014 266 1,561 217 FY15 FY16 FY15 FY16 PAT (Rs. Crs) +142% 243 100 FY15 FY16 PNC Infratech Limited 9

  10. Slide 10: Consolidated Financial Highlights – Q4 FY 2015-16

    Consolidated Financial Highlights – Q4 FY 2015-16 Revenue (Rs. Crs) EBITDA (Rs. Crs) +28% +47% 694 114 541 77 Q4 FY15 Q4 FY16 Q4 FY15 Q4 FY16 PAT after MI & Asso. Profit (Rs. Crs) +428% 148 28 Q4 FY15 Q4 FY16 PNC Infratech Limited 10

  11. Slide 11: Consolidated Financial Highlights – FY 2015-16

    Consolidated Financial Highlights – FY 2015-16 Revenue (Rs. Crs) EBITDA (Rs. Crs) +29% +46% 2,395 407 1,861 280 FY15 FY16 FY15 FY16 PAT after MI & Asso. Profit (Rs. Crs) +137% 216 91 FY15 FY16 PNC Infratech Limited 11

  12. Slide 12: Segmental Revenue Break-up

    Segmental Revenue Break-up Quarter (Rs. Crs) Q4 FY15 Q4 FY16 70 109 471 585 EPC BOT/Annuity/Others EPC BOT/Annuity/Others Full Year (Rs. Crs) FY15 FY16 261 381 1,600 2,014 EPC BOT/Annuity/Others EPC BOT/Annuity/Others PNC Infratech Limited 12

  13. Slide 13: Order-book Details

    2 Order-book Details PNC Infratech Limited 13

  14. Slide 14: Robust Order-book of over Rs. 5,500 crores

    Robust Order-book of over Rs. 5,500 crores Order-book Highlights  Remaining value of contracts under execution Rs. 5,537 Remaining crores as on March 31, 2016 in addition to the following: Key EPC Projects Under Construction Value (Rs. Crores) 1. L1 for project of extension and resurfacing of runaw

  15. Slide 15: BOT Portfolio

    3 BOT Portfolio PNC Infratech Limited 15

  16. Slide 16: Sizeable BOT Portfolio

    Sizeable BOT Portfolio PNC Infratech Limited (PNC) Invested PNC Share of % JV Equity Invested Authority State Stretch Type Kms / Lanes Stake Partners (Rs. Equity Crores) (Rs. Crores) SREI, Ghaziabad Aligarh 35.00% NHAI UP NH-91 Toll 125 / 4 194.0 67.9* Galfar Kanpur Kabrai 100.00% NHAI UP NH-86 Toll

  17. Slide 17: Annexure I – Summary Financials

    4 Annexure I – Summary Financials PNC Infratech Limited 17

  18. Slide 18: Quarter Profitability Statement

    Quarter 4 Profitability Statement Standalone Consolidated Rs. Crores Q4 FY16 Q4 FY15 YoY growth Q4 FY16 Q4 FY15 YoY growth REVENUE 588.74 464.30 27% 694.11 541.11 28% EBITDA 76.82 61.11 26% 113.51 77.12 47% EBITDA margin 13.05% 13.16% 16.35% 14.25% Other Income 11.45 7.57 10.76 4.68 Depreciation 14.

  19. Slide 19: Annual Profitability Statement

    Annual Profitability Statement Standalone Consolidated Rs. Crores FY16 FY15 YoY growth FY16 FY15 YoY growth REVENUE 2,014.16 1,560.99 29% 2,394.60 1,860.89 29% EBITDA 265.96 216.62 23% 407.35 279.87 46% EBITDA margin 13.20% 13.88% 17.01% 15.04% Other Income 20.16 13.82 16.65 12.14 Depreciation 52.46

  20. Slide 20: Tax Benefit under Section 80 IA of Income Tax Act, 1961

    Tax Benefit under Section 80 IA of Income Tax Act, 1961  Upon finalization of income tax assessment for the Assessment Year 2013-14 (FY 2012-13), the Company has written back the excess provision for tax amounting to Rs. 15.24 crores. Further, the MAT liability of Rs. 23.71 crores for the said year

  21. Slide 21: Balance Sheet

    Balance Sheet Standalone Consolidated Rs. Crores Mar-16 Mar-15 Mar-16 Mar-15 Shareholder’s Fund 1,362.26 718.44 1,309.74 871.08 Share capital 51.31 39.81 51.31 39.81 Reserves & Surplus 1,310.96 678.63 1,258.44 831.27 Minority Interest - - 0.05 0.05 Non-current liabilities 165.84 274.05 1,734.76 1,56

  22. Slide 22: Net Working Capital Days

    Net Working Capital Days* 128 124 122 122 115 109 112 97 92 86 65 68 57 59 FY10 FY11 FY12 FY13 FY14 FY15 FY16 Debtors Net Working Capital PNC Infratech Limited * - Standalone 22

  23. Slide 23: Utilization of IPO Proceeds

    Utilization of IPO Proceeds Utilization of Net Proceeds as on March Offer Proceeds 31, 2016 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 our su

  24. Slide 24: Annexure II – Company Overview

    5 Annexure II – Company Overview PNC Infratech Limited 24

  25. Slide 25: 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 51 major infrastructure projects spread across 13 states , of which 31 are road EP

  26. Slide 26: Business Overview

    Business Overview Completed 31 infrastructure Operating 6 BOT projects road projects on EPC basis Roads & Roads & and 1 OMT project, Highways Highways comprising of both toll & EPC BOT / OMT annuity assets Set up power transmission Executed 19 airport lines of approximately 350 Power Airport runway

  27. Slide 27: 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

  28. Slide 28: Experienced Promoters

    Experienced Promoters  Mr. Pradeep Kumar Jain - Chairman & Managing Director  Over 37 years of experience in the construction, infrastructure sector and allied areas  Responsible for overall administration and supervision of projects and liaison with agencies  Mr. Naveen Kumar Jain - Whole-time

  29. Slide 29: 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

  30. Slide 30: Clientele

    Clientele PNC Infratech Limited 30

  31. Slide 31: 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

PNC Infratech — Q4 FY2015-16 Earnings Presentation on 6ix