Kec International Ltd. · NSE:KEC
Kec International — Q2 FY25 Earnings Presentation
24 slides from Kec International's earnings presentation, Nov 4, 2024
Slide 1: Cover letter to stock exchanges: Investor Presentation – Financial Results
KEC INTERNATIONAL LTD. RPG House 463, Dr. Annie Besant Road Worli, Mumbai 400030, India +91 22 66670200 kecindia@kecrpg.com www.kecrpg.com November 04, 2024 National Stock Exchange of India Limited BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Fort Bandra (E
Slide 2: KEC International Limited Investor Presentation – Q2 FY25
KEC International Limited Investor Presentation – Q2 FY25 0 4 N ove mbe r 2 0 2 4 Power T & D Civil Railways Oil & Gas Pipelines Renewables Cables
Slide 3: Disclaimer
Disclaimer This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures,
Slide 4: Overview – RPG Group & KEC International
1 Overview – RPG Group & KEC International 765kV GIS Substation project at Narela, Delhi 3
Slide 5: RPG Group: Powered by Passion, Driven by Ethics
RPG Group: Powered by Passion, Driven by Ethics UNLEASHTALENT RPG Enterprises was founded in 1979. The group currently operates various businesses in Infrastructure, Technology, Life Sciences, Plantations and Tyre industries. The group has business history dating back to TOUCHLIVES 1820 AD in bankin
Slide 6: KEC International: Building Infrastructure for the World of Tomorrow
KEC International : Building Infrastructure for the World of Tomorrow $2.4 FOOTPRINT IN 7+ 110+ 300+ 83 7500+ 40+ BILLION ONGOING HAPPINESS EMPLOYEES DECADES COUNTRIES PROJECTS GLOBAL EPC SCORE NATIONALITIES MAJOR Transmission Civil Urban Infra Railways Oil & Gas Renewables Cables & Distribution 5
Slide 7: Diverse Portfolio of Offerings
Diverse Portfolio of Offerings Transmission Lines Factories Underground Cabling Water Airports Hospitals Substations Residential Buildings S&T Metros – Civil Metros - Tech Commercial Buildings OHE Track Laying Railway Bridges Data Centre TCAS - Kavach Automatic Signalling Solar Tunnel Ventilation Wa
Slide 8: Purpose Statement and Culture Pillars
Purpose Statement and Culture Pillars “WE TRANSFORM LIVES BY BUILDING SUSTAINABLE WORLD CLASS INFRASTRUCTURE” Execution Excellence Customer Centricity Technology & Engineering Mindset Happiness Inclusive - Empowerment Diverse & & Trust Global Mindset 7
Slide 9: Board of Directors
Board of Directors H. V. Goenka Chairman, Non Executive Director Vimal Kejriwal Arvind Singh M.S. Unnikrishnan Neera Saggi Nirupama Rao Managing Director Non Executive Non Executive Non Executive Non Executive & CEO Independent Director Independent Director Independent Director Independent Director
Slide 10: Management Team
Management Team Vimal Kejriwal Managing Director & CEO Rajeev Agarwal Milind Apte Anand Kulkarni Neeraj Nanda Ganesh Srinivasan Chief Financial Officer Chief Human Executive Director - President - President – Resources Officer Business Operations Emerging Business T&D Nagesh Veeturi Kaushal Kodesia
Slide 11: Key Performance Highlights
2 Key Performance Highlights Logistic Park at Bangalore, Karnataka 10
Slide 12: Financial Highlights Q2 & H1 FY25 – Growth Across Parameters
Financial Highlights Q2 & H1 FY25 – Growth Across Parameters Q2 FY25 vs Q2 FY24 Revenues EBITDA PBT PAT 14% 17% 72% 53% YoY YoY YoY YoY % 6.3% % 2.2% % 1.7% 5,113 Cr 320 Cr 113 Cr 85 Cr H1 FY25 vs H1 FY24 Revenues EBITDA PBT PAT 10% 18% 100% 76% YoY YoY YoY YoY % 6.4% % 2.3% % 1.8% 9,625 Cr 615 Cr 2
Slide 13: Key Business Highlights – Q2 FY25
Key Business Highlights – Q2 FY25 T&D Civil Railways • Revenues of Rs. 2,831 Cr, robust growth of • Revenues of Rs. 1,152 Cr • Revenues of Rs. 503 Cr 28% YoY • YTD Order inflow Rs. 1,200 Cr+ in industrial, • YTD order intake of over Rs. 1,300 Cr in the • Significant traction in order intake with a r
Slide 14: Financial Performance
3 Financial Performance Track laying for Ahmedabad Metro Phase II Project, inaugurated by Hon’ble Prime Minister Narendra Modi13
Slide 15: Profit and Loss Summary (Consolidated)
Profit and Loss Summary (Consolidated) (₹ crore) Growth Growth Q2 FY25 Q2 FY24 H1 FY25 H1 FY24 (Y-o-Y) (Y-o-Y) Revenues 5,113 4,499 14% 9,625 8,743 10% EBITDA 320 274 17% 615 519 18% EBITDA Margins 6.3% 6.1% 6.4% 5.9% (+) Other Income 7 16 26 19 (-) Depreciation 45 47 92 88 (-) Interest 168 178 -5%
Slide 16: Profit and Loss Summary (Standalone)
Profit and Loss Summary (Standalone) (₹ crore) Growth Growth Q2 FY25 Q2 FY24 H1 FY25 H1 FY24 (Y-o-Y) (Y-o-Y) Revenues 4,484 3,982 13% 8,372 7,684 9% EBITDA 230 184 25% 428 353 21% EBITDA Margins 5.1% 4.6% 5.1% 4.6% (+) Other Income 33 17 52 21 (-) Depreciation 37 37 75 69 (-) Interest 152 155 -2% 28
Slide 17: Businesswise Revenue Performance (Consolidated)
Businesswise Revenue Performance (Consolidated) Growth Growth (₹ crore) Particulars Q2 FY25 Q2 FY24 H1 FY25 H1 FY24 (Y-o-Y) (Y-o-Y) T&D: 2,831 2,209 28% 5,330 4,349 23% - T&D (KEC) 2,514 1,876 34% 4,667 3,707 26% - SAE Towers 317 333 -5% 663 641 3% Non T&D: 2,369 2,445 -3% 4,461 4,705 -5% - Civil 1,
Slide 18: Borrowings & Working Capital (Consolidated)
Borrowings & Working Capital (Consolidated) (₹ crore) Increase/ Increase/ Increase/ Particulars 30-Sep-24 30-Sep-23 30-Jun-24 31-Mar-24 (Decrease) (Decrease) (Decrease) I) Net Debt 3,566 4,491 -925 3,973 -407 3,553 13 II) Interest Bearing Acceptances 1,699 1,848 -149 1,624 75 1,537 163 Total (I + II
Slide 19: Order Intake & Order Book (Consolidated)
Order Intake & Order Book (Consolidated) Order Intake – YTD FY25 Order Book – YTD FY25 T&D : 63% SAE : 6% T&D: 52% SAE : 3% 6% 2% 2% 6% 3% 10% 11% Order Intake Rs 13,482 Cr. Order Book (Growth of 50%) Rs 34,088 Cr. 9% 55% 69% 27% T&D Civil Railways Renewables Cables T&D Civil Railways Renewables Cab
Slide 20: Business Outlook Looks Promising
Business Outlook Looks Promising TAILWINDS HEADWINDS Government’s focus on infrastructure Manpower availability improves, however shortage GCC capex momentum sustains persists Green shoots in private capex/ real estate Geopolitical unrests Significant traction in India T&D – National Ele
Slide 21: Environmental, Social and Governance (ESG)
KEC International has been ranked 1st in Infrastructure Sector & Among Top 30 4 of India’s Most Sustainable Companies by Environmental, Social and Governance (ESG) *1st in Infrastructure (Engineering) Sector
Slide 22: ESG & Sustainability Goals and Status
ESG & Sustainability Goals and Status Happiness Diversity & Occupational Corporate Social Quotient Inclusion Heath & Safety Responsibility Target: Increase Happiness Target: Increase in diversity by Target: Work towards the Target: Reach 2 lac CSR Quotient to 85% by FY26 25% by FY26 goal of achievin
Slide 23: Sustainability Roadmap – Key Initiatives and Approach
Sustainability Roadmap – Key Initiatives and Approach • Launched Purpose Statement and Culture Pillars • Automated design and engineering with digital • Focus on Holistic Wellness – Physical, Mental & intervention to reduce material consumption and Happiness Financial : Partnering with agencies, act
Slide 24: Thank You
THANK YOU Global Footprint in 110+ countries* *Includes EPC and Supply Follow us on: Registered Office RPG House, 463, Dr. Annie Besant Road, Worli, Mumbai - 400 030. Phone: +91-22-6667 0200 Email: kecindia@kecrpg.com www.kecrpg.com