Slide 1: Vascon Engineers Limited - Result Update Presentation Q4 & FY16
Vascon Engineers Limited Heading towards better future... Result Update Presentation Q4 & FY16 The EPC Company of Choice
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vascon Engineers 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 sec
Slide 3: Agenda
Agenda 1 Quarterly & Annual Financial Highlights 2 Financial Performance Trend Analysis 3 Business Segment Updates 3
Slide 4: Quarterly & Annual Financial Highlights
Quarterly & Annual Financial Highlights
Slide 5: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars (Rs. Mn) FY16 FY15 Q4 FY16 Q4 FY15 Revenue 6,318 6,227 1,806 1,725 Other Income 267 154 94 (27) Total Income 6,586 6,381 1,900 1,698 Construction Expenses / Material Consumed 4,503 5,437 1,303 1,683 Employee Cost 604 777 159 171 Other Expenses 727 970
Slide 6: Segment break-up
Segment break-up FY16 segment wise split Particulars (Rs. Mn) Revenue Gross Profit Gross Profit Margin (%) FY16 FY15 FY16 FY15 FY16 FY15 EPC 2,574 2,274 589 (464) 22.9% - Real Estate 1,303 1,534 373 395 28.7% 25.8% Clean Room Partitions & BMS 2,372 2,359 799 803 33.7% 34.0% 6
Slide 7: Consolidated Balance Sheet Highlights
Consolidated Balance Sheet Highlights Particulars (Rs. Mn ) Mar-16 Mar-15 Particulars (Rs. Mn ) Mar-16 Mar-15 Shareholder’s Fund 6,319 5,185 Non Current Assets 4,278 5,016 Share Capital 1,613 905 Fixed Assets 1,060 1,180 Reserves & Surplus 4,706 4,280 Other Non Current Assets 3,218 3,836 Minority In
Slide 8: Financial Performance Trend Analysis
Financial Performance Trend Analysis
Slide 9: Q4 FY16: Improvement in Operating margin
Q4 FY16 : Improvement in Operating margin .... Revenue (Rs. Mn) EBITDA (Rs. Mn) & Margin (%) 11.8% 6.6% 10.5% 11.4% 216 1,806 1,725 1,655 182 1,446 1,429 151 113 -559 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 * EBITDA in Q3FY16 adjusted for one off - waiver off Managing D
Slide 10: Q4 FY16: Returning to Profitability
Q4 FY16 : …. & Returning to Profitability Reduction in interest cost (Rs. Mn)… …Leading to positive Net Profit (Rs. Mn) 146 144 Capitalized 140 136 Debit to P&L 24 21 115 84 67 61 53 11 -12 122 124 -103 -744 74 75 61 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Repaid loan
Slide 11: Annual Financial Performance
Annual Financial Performance... Sustained Revenue (Rs. Mn) EBITDA (Rs. Mn) Net Profit (Rs. Mn) 6,586 752 6,433 6,381 70 310 -432 -1,448 -803 FY14 FY15 FY16 FY14 FY15 FY16 FY14 FY15 FY16 ...Improving Operational Performance and Returning to Profitability 11
Slide 12: Strengthening Balance Sheet
Strengthening Balance Sheet Networth (Rs. Mn) Successfully raised Rs. 1,000 mn 6,597 6,319 through Rights Issue in August, 2015 5,185 Debt / Equity - 0.3 in FY16 Significant improvement from 0.6 in FY15 FY14 FY15 FY16 Gross Debt (Rs. Mn) Rs. 680 mn of Zero 3,585 Coupon NCD 3,322 GMP 2,699 NCD 10
Slide 13: Business Segment Updates
She Me, cs VASCON Business Segment Updates
Slide 14: GMP Technicals: Growth in Manufacturing business
GMP Technicals: Growth in Manufacturing business... Improving Revenue (Rs. Mn) EBITDA (Rs. Mn) 876 125 750 383 590 543 489 462 228 292 +89.5% 272 494 30 30 362 261 251 190 5 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 -1 Q4FY15 Q1FY16 Q2FY16 Q3FY16 Q4FY16 Manufacturing Services … & focus on cost reduction re
Slide 15: Expanding capacity of clean room partition manufacturing
Expanding capacity of clean room partition manufacturing Well-positioned to capture opportunity Expanding Capacity at Bhivandi Clean room market size in India - Rs. 15 bn Setting up manufacturing facilities at Bhivandi in Thane, Mumbai at a CAPEX of Rs. 90 mn GMP has a market share of ~7%; pot
Slide 16: EPC business: Strong order book of Rs. 781 Crore
EPC business: Strong order book of Rs. 781 Crore Order book details (as of 31st March, 2016) Geographical order book split Punjab Goa Backlog Karnataka Sr. 3% 3% 4% Project Name Place Type No. Tamilnadu (Rs. Mn) 15% 1 Kailash Enclave Lucknow Residential 2,826 2 Sheth Creators-Malad Mumbai Residentia
Slide 17: Current Real Estate projects under development
Current Real Estate projects under development Total Vascon Share Project Name Location Vascon Share Project Rev. Area Sold Sale Value Collection Sale Value Collection Area Recognised Equity Revenue msft msft Rs. mn Rs. mn Rs. mn Rs. mn Rs. mn Willows Phase (D,E,F) Pune 100% 80% 0.21 0.20 925 921 74
Slide 18: Real Estate Portfolio
Real Estate Portfolio Vascon Share Focus on asset light JDA/JVs model Project Area Saleable area Particulars Saleable Area (Acres) (msft) (msft) Own 9% JDA 86.6 7.1 4.6 Pune 29.4 2.6 1.4 28% JDA Chennai 25.0 1.6 1.3 Madurai 18.2 1.6 1.0 63% JV Coimbatore 14.0 1.2 0.9 JV 200.5 22.3 10.1 Thane 145.1 1
Slide 19: Strategy going forward
Strategy going forward EPC Real Estate GMP Technical Solutions Focus on diversified order book Current land bank is fully paid; Better utilization of the across segments No additional investment in manufacturing facilities Land bank Stringent criteria for client Focus on cost optimization
Slide 20: Thank You
Thank You For further information, please contact: Company : Investor Relations Advisors : Vascon Engineers Limited Stellar IR Advisors Pvt. Ltd. CIN: L70100MH1986PLC038511 CIN: U74900MH2014PTC259212 M. Krishnamurthi / Punit Bhayani Gaurang Vasani/ Vikash Verma Mk_murthi@vascon.com / vgaurang@stella