Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — Q4 FY2021 Earnings Presentation
35 slides from Pnc Infratech's earnings presentation, Jun 28, 2021
Slide 1: Cover letter to stock exchanges
PNC lnfratech Limited An ISO 9001 :2015 Certified Company Ref No: PNC/SE/2 0 l2l-22 Date:28.06.2021 To, To, The Manager The Manager The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P.J. Towers, Exchange Plaza, Bandra Kurla Com
Slide 2: Result Update Presentation – Q4 & FY21
PNC Infratech Limited Result Update Presentation – Q4 & FY21 1
Slide 3: Safe Harbor
Safe Harbor 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 securit
Slide 4: Key Highlights & Financials
Key Highlights & Financials PNC infratech
Slide 5: Key Highlights for Q4 FY21
Key Highlights for Q4 FY21 42%* 49%* 70%* Revenue EBITDA PAT EBITDA of Rs. 232 crore in Q4 FY21 compared to Rs. 156 crore Revenue of Rs. 1,644 crore in in Q4 FY20 and Rs. 179 crore in PAT of Rs. 129 crore in Q4 FY21 Q4 FY21 as compared to Rs. Q3 FY21 compared to Rs. 76 crore in Q4 1,158 crore in Q4
Slide 6: Key Highlights for FY21
Key Highlights for FY21 Revenue Orderbook Rs. 11,648 crore** Revenue of Rs. 4,925 crore in FY21 as compared to Rs. 4,877 crore* in FY20 ** Remaining value of contracts under execution as on March 31, 2021 (after considering the 2 EPC road projects, 7 EPC Water projects, orderbook is over Rs. 16,600
Slide 7: Status of HAM Projects
Status of HAM Projects Status Bid Project Cost Projects 2 laning with paved shoulders of Dausa- Lalsot- Kauthun section of NH-11 A (Extension) in the state of Rs. 881 crore* Rajasthan under NHDP IV Rs. 1,197 crore 4 laning of Aligarh-Kanpur section of NH - 91 in the state of Uttar Pradesh under NHDP
Slide 8: Order Book Details
Order Book Details PNC infratech
Slide 9: Robust Order Book over Rs. 11,600 crores
Robust Order Book over Rs. 11,600 crores ◼ Remaining value of contracts under execution of Rs. 11,648 crore as on Remaining March 31, 2021 Key EPC Projects Under Awarding Value Construction Authority (Rs. Crores) ◼ The below orders are not included in orderbook as on March 31, 2021: Aligarh-Kappur P
Slide 10: Portfolio of Development Projects on PPP Mode
Portfolio of Development Projects on PPP Mode PNC infratech
Slide 11: Sizeable Project Portfolio: Operational Projects
Sizeable Project Portfolio: Operational Projects PNC Share of Invested Debt as on 31st % JV Kms / TPC Invested Grant Total Debt Project Authority State / Stretch Type Equity Mar ‘21 Stake Partners Lanes (Rs. in Cr) Amount (Rs. in Cr) (Rs. in Cr) (Rs. in Cr) (Rs. in Cr) (Rs. in Cr) SREI, Ghaziabad Al
Slide 12: Asset Monetization Plan
Asset Monetization Plan ◼ Ghaziabad Aligarh Road Project ✓ The Company, along with its wholly owned subsidiary, PNC lnfra Holdings Limited and other partners/promoters, on 1st April, 21, has entered into a 'Share Purchase Agreement' and other related transaction documents inter alia for sale its ent
Slide 13: Sizeable Project Portfolio: HAM Projects
Sizeable Project Portfolio: HAM Projects Invested PNC Share of Debt as on 31st % State / TPC Total Debt Project Authority Kms / Lanes Status Equity Invested Amount Mar ‘21 Stake Stretch (Rs. in Cr) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. in Cr) Raj/ 83.45/ Dausa-Lalsot 100% NHAI COD 820 65 65 371 338 NH1
Slide 14: Annexure – I Summary Financials
Annexure – I Summary Financials PNC infratech
Slide 15: Standalone Profitability Statement – Q4 & FY21
Standalone Profitability Statement – Q4 & FY21 Rs. Crores Q4 FY21 Q4 FY20 YoY Growth (%) Q3 FY21 QoQ Growth (%) FY21 FY20* REVENUE 1,644.28 1,157.95 42% 1,322.42 24% 4,925.42 4,877.93* EBITDA 232.36 156.31 49% 178.53 30% 672.75 764.32* EBITDA margin 14.1% 13.5% 13.5% 13.7% 15.7% Other Income 17.07 1
Slide 16: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. Crores) Mar-21 Mar-20 EQUITY AND LIABILITIES (Rs. Crores) Mar-21 Mar-20 (1) NON-CURRENT ASSETS EQUITY (a) Property, plant & equipment 653.51 586.50 (a) Equity Share capital 51.31 51.31 (b) Capital work-in-progress 3.42 0.00 (b) Other equity 2,857.16 2,495.29 (c)
Slide 17: Consolidated Profitability Statement – Q4 & FY21
Consolidated Profitability Statement – Q4 & FY21 Rs. Crores Q4 FY21 Q4 FY20 YoY Growth (%) Q3 FY21 QoQ Growth (%) FY21 FY20* REVENUE 1,864.27 1,346.70 38% 1,582.02 18% 5,787.57 5,602.57* EBITDA 419.92 295.04 42% 407.12 3% 1,417.87 1,327.18* EBITDA margin 22.5% 21.9% 25.7% 24.5% 23.7% Other Income 23
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Crores) Mar-21 Mar-20 EQUITY AND LIABILITIES (Rs. Crores) Mar-21 Mar-20 (1) NON-CURRENT ASSETS EQUITY (a) Property, plant & equipment 657.45 591.08 (a) Equity Share capital 51.31 51.31 (b) Capital work-in-progress 3.42 0.00 (b) Other equity 3,001.85 2,502.95 (c
Slide 19: Segmental Revenue Break-up
Segmental Revenue Break-up Q4 FY20 187.42 Q4 FY21 250.17 14% 13% 1,614.10 1,159.28 87% 86% EPC Toll/Annuity EPC Toll/Annuity FY20 FY21 756.95 919.49 14% 16% 4,845.63 4,868.08 86% 84% EPC Toll/Annuity EPC Toll/Annuity PNC infratech 18
Slide 20: Net Working Capital Days - Standalone
Net Working Capital Days - Standalone 136 136 129 113 97 84 85 73 73 72 67 60 57 62 55 51 Mar/17 Mar/18 Mar/19 Mar/20 Jun/20 Sep/20 Dec/20 Mar/21 Debtors Net Working Capital PNC infratech 19
Slide 21: Cashflow Statement
Cashflow Statement Standalone Consolidated Rs. Crores Full Year ended 31-Mar-21 Full Year ended 31-Mar-20 Full Year ended 31-Mar-21 Full Year ended 31-Mar-20 Profit before tax 558.50 612.02 739.88 719.27 Adjustments 140.56 179.45 683.56 619.70 Operating Cash flow Before Working Capital Changes 699.0
Slide 22: Annexure – II Company Overview
Annexure – II Company Overview PNC infratech
Slide 23: Introduction
Introduction Established track record of timely/early completion of projects • Infrastructure construction, development and management company; expertise in execution of projects including highways, bridges, flyovers, airport runways, industrial areas and transmission lines • Executed 70 major infra
Slide 24: Business Overview
Business Overview Roads & Highways EPC 01 Completed 47 infrastructure road projects on EPC basis Water Supply & Irrigation 07 Roads & Highways BOT / OMT/ HAM Working on EPC projects in Water Supply sector and Irrigation 02 Operating 6 BOT & 1 OMT project, comprising of both Projects toll & annuity a
Slide 25: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) BOT Holdco for road and other infra projects PNC Bareilly Nainital Highways Private Limited (“PNCBNHPL”) 4 laning of the Bareilly-Almora section of SH 37 Ferrovia Transrail Solutions Private Limited (“FTSPL”) PNC Unnao Highways Private Limi
Slide 26: Integrated Business Model
Integrated Business Model ▪ Ownership of a fleet of modern equipment enables quick Own Quarries / Raw Material mobilization besides ensuring Equipment Bank ▪ Own / Leasing of Quarries helps in Sourcing continuous availability of critical securing of raw material and equipment project completion with
Slide 27: Enhanced Execution Capability
Enhanced Execution Capability Strong Credit Rating ◼ Long term bank facilities “CARE AA (Double A)” ◼ Short term bank facilities “CARE A1+ (A One plus)” ◼ “Stable” outlook 01 03 02 Enhanced Working Capital Limits Man and Machine added ◼ Enhanced Fund Based Limits from Rs. 750 crores to execute more
Slide 28: Enhanced to Augment and upgrade the execution
Enhanced to Augment and upgrade the execution 1,267 1,094 1,016 725 600 429 FY16 FY17 FY18 FY19 FY20 FY21 Present Capex will enable us to achieve a Turnover of Rs. 8,000-9,000 crores PNC infratech 27
Slide 29: Strengthening of in-house execution team
Strengthening of in-house execution team 9,599 8,371 8,334 6,772 4,284 3,947 FY16 FY17 FY18 FY19 FY20 FY21 Strengthening of In-house execution team with induction of engineers with strong technical knowledge PNC infratech 28
Slide 30: Strong Credit Rating
Strong Credit Rating Upgraded Assigned / Reaffirmed Reaffirmed ◼ PNC Gomti Highways Pvt. Ltd. (Assigned) ◼ PNC Khajuraho Highways Pvt. Ltd. ◼ PNC Infratech Ltd. ✓ CARE A; Stable (Single A; Outlook: Stable) ✓ Long term bank facilities at CARE A-; Stable (Single ✓ Long term bank facilities upgraded to
Slide 31: Experienced Promoters
Experienced Promoters Mr. Pradeep Kumar Jain Mr. Naveen Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Chairman & Managing Managing Director Promoter Managing Director Director ◼ Over 40 years of experience ◼ Over 31 years of experience ◼ Over 30 years of experience ◼ Over 25 years of expe
Slide 32: Board of Directors
Board of Directors Mr. Pradeep Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Chairman & Managing Director Managing Director Managing Director Mr. Anil Kumar Rao Mr. Talluri Raghupati Rao Whole-time Director Wholetime Director Mr. Krishan Kumar Jalan (IAS) Mr. Gauri Shankar Mr. Subhash Cha
Slide 33: Clientele
Clientele Delhi State Industrial and Infrastructure Development Corporation Ltd. F <a Uttar Pradé&h State Highways-Authority ay JAK. ENS WRITES THE INFRASTRUCTURE PEOPLE sa AUTHORITY OF INDIA ada fearraers writen MSRDC Opeida pei lopment Acthority State Water & Sanitation Mission rot NAMAMI GANGE AN
Slide 34: Growth Strategy
Growth Strategy Diversification: Competitiveness: ◼ Leveraging Strong Project Execution ◼ Improve performance and track record to diversify into new competitiveness of existing functional areas of infrastructure business through investments in development technology, equipment and skilled ◼ Expand p
Slide 35: Contact Us
Contact Us 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 Vice President - Finance Group Account Head +91-9920602034 dk