Capacit'e Infraprojects Ltd. · NSE:CAPACITE
Capacit'e Infraprojects — Q4 FY2021 Earnings Presentation
36 slides from Capacit'e Infraprojects's earnings presentation, Jun 12, 2021
Slide 1: Exchange filing cover letter
CAPACIT'E INFRAPROJECTS LIMITED Ref : CIL/STEX 30/Q4FY21 Date : June 12,2021 To The Secretary, The Secretary, BSE Limited National Stock Exchange of lndia 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
Slide 2: Capacit'e Infraprojects Ltd. Investor Presentation Q4 FY21
Brigade Group - World Trade Centre, Chennai Capacit'e Infraprojects Ltd. On a Long-term Growth Path… Investor Presentation Q4 FY21 June 2021 1
Slide 3: Safe Harbor
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 any
Slide 4: Q4 FY21 Standalone Performance
Q4 FY21 Standalone Performance
Slide 5: Our Strategic focus… scale up execution
Our Strategic focus… scale up execution Order Book (In ₹) Orderbook where work commenced Strong rebound ~8,720 Crores ~100% witnessed in Q4FY21 Revenue from Public Order Book Contribution Private Order Book Contribution Marquee Clients contribution in operations grew by Private Orderbook ~20% Yo
Slide 6: Poised for Growth…
Poised for Growth… Increase in ROCE* 17% 12% 01 02 03 04 6% Execution Working Capital Quality of Stringent Cost Management Cash Flows Control Our pace of execution was Working capital has been A Majority of our Order Implemented stringent Q2FY21 Q3FY21 Q4FY21 initially challenged at the quite stretc
Slide 7: Strengthening Balance Sheet…
Strengthening Balance Sheet… 412 Rs in Cr 126 286 Debt to Equity Gross Debt at 0.31x Q2FY21 Reduction Q4FY21 127 130 3 Net Debt to Equity Net Debt at 0.14x Q2FY21 Increase Q4FY21 With strong reduction in Debt, Target to be Debt free by FY23 6 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 8: Business Momentum picking up
Business Momentum picking up Revenue from Operations (₹ In Crores) +20.1% 369 Impact of CoVID-19 307 306 Witnessed Sharp recovery in Q4FY21 due to normalization of activities 181 Initiation of Growth Phase in FY22 and achieving peak revenue potential with current Order book visibility 24 Q4FY20
Slide 9: Increasing EBITDA and PAT…gradually returning to normalcy
Increasing EBITDA and PAT…gradually returning to normalcy EBITDA (₹ In Crores) PAT (₹ In Crores) 79 24 15 +60.5% 60 +31% 53 5 45 4 -18 -42 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q4FY21 With pick up in execution, witnessing operating leverage benefits 8 CAPACIT’E INFRASTRUCTUR
Slide 10: Working capital efforts
Working capital efforts Debtor (₹ In Cr) Collections (₹ In Cr) Creditor (₹ in Crs) Working Capital (₹ in Crs) +51 -43 +90.4 -78 412 490 477 362 422 597 581 448 367 520 332 271 Q2FY21 Q3FY21 Q4FY21 Q2FY21 Q3FY21 Q4FY21 Q2FY21 Q3FY21 Q4FY21 Q2FY21 Q3FY21 Q4FY21 Witnessed sequential improvement in ou
Slide 11: Healthy Order Book to support Revenue uptick
Healthy Order Book to support Revenue uptick (Standalone) (Under an Integrated SPV) Diversified Orderbook across clientele Execution focus on projects for marquee clients in private & public sector, profitable Public Private ` MHADA working capital cycle and Sector Sector projects with last mile
Slide 12: Order Book Details as on 31st March 2021
Order Book Details as on 31st March 2021 (₹ In Crs) Order Backlog Project Split Category wise split 10,484 8,720 7,177 5,682 High Rises 4,289 Residential & Super High Rises 26% 22% FY17 FY18 FY19 FY20 FY21 (₹ In Crs) Order Inflow 18% 60% 6,001 74% 3,629 Mixed 2,446 Other Buildings Commercial Use 148
Slide 13: Q4 FY21 Financial highlights
Q4 FY21 Financial highlights Total Income (₹ in Cr.) EBITDA (₹ in Cr.) PBT (₹ in Cr.) 381 79 33 311 60 +22.5% +31% +57% 21 Q3FY21 Q4FY21 Q3FY21 Q4FY21 Q3FY21 Q4FY21 PAT (₹ in Cr.) Cash PAT (₹ in Cr.) 24 53 +60.2% 43 +23.3% 15 Q3FY21 Q4FY21 Q3FY21 Q4FY21 12 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 14: Q4 & FY21 Standalone Profit & Loss
Q4 & FY21 Standalone Profit & Loss Particulars (₹ In Crs) Q4 FY21 Q4 FY20 Y-o-Y Q3 FY21 Q-o-Q FY21 FY20 Y-o-Y Revenue from Operations 369.0 307.2 20.1% 305.8 20.7% 879.7 1528.7 -42.5% Other Income 12.1 5.6 5.3 28.7 25.4 Total Income 381.0 312.9 21.8% 311.1 22.5% 908.4 1554.1 -41.5% Cost of Material
Slide 15: Strong Standalone Balance Sheet
Strong Standalone Balance Sheet ASSETS (₹ In Crs) Mar-21 Mar-20 EQUITY AND LIABILITIES (₹ In Crs) Mar-21 Mar-20 NON-CURRENT ASSETS 1,006 942 EQUITY 929 926 Property, plant & equipment: 658 646 Core Assets 416 424 Equity Share capital 68 68 Site Establishment 214 194 Other equity 861 858 Other Fixed
Slide 16: Standalone Cash Flow Statement
Standalone Cash Flow Statement Cash Flow Statement (₹ In Crs) FY21 FY20 PBT 4.8 103.4 Adjustments 163.6 171.5 Operating profit before working capital changes 168.5 274.9 Changes in working capital -83.1 118.2 Cash generated from operations 85.4 393.1 Direct taxes paid (net of refund) -9.9 -37.0 Net
Slide 17: Industry Dynamics to benefit organized large players
Industry Dynamics to benefit organized large players Government focus on infrastructure creation coupled with 1 Government Push favourable policies for the Real estate sector augurs well and will provide sustained uptick in execution over the next few quarters Consolidation in the private sector wil
Slide 18: Our Business Model
Our Business Model
Slide 19: Developed our service portfolio by capturing the complexities
Developed our service portfolio by capturing the complexities … CAPACIT'E is unlike a commoditized construction company… “We do our business DIFFERENTLY” 2018 Onwards High Rise 2016 Onwards Super High Rise High Rise Gated Communities 2014 Onwards Super High Rise Commercial Office Gated Communities M
Slide 20: ... & built a sustainable model
... & built a sustainable model Sustainable Model: Timely Orderbook Execution + Technology Focus + Large Opportunity = SUSTAINABLE PROFITABILITY Factory & Buildings Continuous Risk Large Leveraging Maximization (F&B) Approach Mitigation Opportunity Ecosystem Maximize existing Assets & human resource
Slide 21: Hybrid Service Portfolio = Private + Public
Hybrid Service Portfolio = Private + Public Opportunity Enhances the multi fold construction opportunity in the world’s fastest growing economy, for a young company as Capacit'e Efficiency Benefit from the Large Central Schemes of the Government aimed Hybrid Service Portfolio towards Better Hospital
Slide 22: Hybrid Service Portfolio – Builds Diversity
Hybrid Service Portfolio – Builds Diversity FY18 FY19 FY20 FY21 Public Public Public 0% 13% 13% Sector wise Split Private 40% Private Private Public Private 87% 87% 60% 100% Public Order Book Public Order Book Public Order Book ₹ 915 Crores ₹ 5,713 Crores ₹ 5,440 Crores Orderbook Size Private Order
Slide 23: Strategic Priorities
Strategic Priorities Marquee Clientele Account Groups Design & Build Lean Balance Sheet Cash Flows Work with Large and Liquid Deepen the culture of account Design & Build projects, Most sustainable Strong Cash Flow Focus leading public & private sector driven approach, in which we attracting lump su
Slide 24: Project Profile
Project Profile
Slide 25: Tata Trust Cancer Hospital (Varanasi)
Tata Trust Cancer Hospital (Varanasi) 24 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 26: Our Creations (1/6)
Our Creations (1/6) Lodha The Park, Oberoi The Enigma, Nahar Exallibur, Mumbai MMR Mumbai MMR Mumbai MMR 25 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 27: Our Creations (2/6)
Our Creations (2/6) Godrej Emerald, Auris Serenity, Mumbai MMR Mumbai MMR 26 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 28: Our Creations (4/6)
Our Creations (4/6) Bharti Worldmark, Emmar Imperial, NCR NCR 27 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 29: Our Creations (5/6)
Our Creations (5/6) Rustomjee seasons, Sir Ganga Ram Hospital – Multi Level Car Park, Wadhwa W54, Mumbai MMR Delhi Mumbai, MMR 28 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 30: Our Creations (6/6)
Our Creations (6/6) Four Seasons, Sahana Sheth BEAU-MONTE, Brookfield, Mumbai MMR Mumbai MMR NCR 29 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 31: Key Delivered Marquee Projects
Key Delivered Marquee Projects Lodha – The Park Brigade Group - World Trade Center Tata Trust – Cancer Hospital Saifee Burhani Upliftment Trust Godrej – Central Brookfield – Unitech developers MLCP* Godrej – Summit Brookfield – Seaview Developers Phase 1 Hiranandani – The Walk Sattava Group – Sattva
Slide 32: Strong Financials to Achieve Growth
Strong Financials to Achieve Growth On A Long-term Growth Path…
Slide 33: Robust Order Book making us ready…for the future growth…
Robust Order Book making us ready…for the future growth… Order Book to Sales Ratio Order Book (₹ in Cr.) (No. of years) 9.9 10,484 8,720 6.7 7,177 5,682 4.2 3.9 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 32 CAPACIT’E INFRASTRUCTURES LIMITED
Slide 34: Profit & Loss Statement
Profit & Loss Statement Particulars (₹ In Crs) FY21 FY20 FY19 FY18 Revenue from Operations 879.7 1529 1,788 1,336 Other Income 28.7 25 37 24 Total Income 908.4 1554 1825 1,360 Cost of Material Consumed (Incl. Construction 602.2 1064 1,320 966 Expenses) Employee Expenses 78.8 137 146 117 Other Expens
Slide 35: Balance Sheet
Balance Sheet ASSETS (₹ In Crs) Mar’21 Mar’20 Mar’19 Mar’18 EQUITY AND LIABILITIES (₹ In Crs) Mar’21 Mar’20 Mar’19 Mar’18 NON-CURRENT ASSETS 1,006 942 728 543 EQUITY 929 926 843 749 Property, plant & equipment 658 646 539 409 Equity Share capital 68 68 68 68 Capital work-in-progress 6 5 4 0 Other eq
Slide 36: For further information, please contact
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. Vinit Vora ir@capacite.in sh
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