Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — Q1 FY25 Earnings Presentation
30 slides from Pnc Infratech's earnings presentation
Slide 1: PNC Infratech Limited Investor Presentation - Q1FY25
PNC INFRATECH LIMITED Investor Presentation - Q1FY25 MASTERING EXPERTISE EXPANDING HORIZONS
Slide 2: 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 3: Key Highlights & Financials
Key Highlights & Financials PNC Infratech Limited
Slide 4: Key Highlights for Q1FY25
Key Highlights for Q1FY25 Revenue* Revenue of Rs. 1,744 crore EBITDA* • EBITDA of Rs. 593 crore in Q1FY25 as compared to Rs. 245 crore in Q1FY24 142% • EBITDA Margin of 34.0% in Q1FY25 PAT** • PAT of Rs. 421 crore in Q1 FY25 as compared to Rs. 157 crore in Q1 FY24 169% • PAT Margin of 24.1% in Q1 FY
Slide 5: Key Highlights for Q1 FY25
Key Highlights for Q1 FY25 Revenue (Rs. crore) EBITDA (Rs. crore) PAT (Rs. crore) +142% +169% 593* 421** 1,861 1,744* 245 157 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Notes:* Includes Bonus of Rs. 56 crs from MSRDC and Arbitration claim of Rs. 379 crs received for 2 SPV namely PNC Raebareli H
Slide 6: Order Book Details
Order Book Details PNC Infratech Limited
Slide 7: Robust Order Book over Rs. 14,100 crores
Robust Order Book over Rs. 14,100 crores ◼ Remaining value of contracts under execution of over Rs. 14,100 crore as on 30th June 2024 Remaining ◼ The below orders are included in order book as on 30th June 2024 on which appointed date Awarding Key EPC Projects Under Construction Value is awaited: Au
Slide 8: Portfolio of Development Projects on PPP Mode
Portfolio of Development Projects on PPP Mode PNC Infratech Limited
Slide 9: Asset Monetization
Asset Monetization ◼ Divestment of Equity Stake in 12 of Company’s Road Assets ✓ The Company, along with its wholly owned subsidiary, PNC lnfra Holdings Limited have signed a Master Securities Purchase Agreement (SPA) with Highways Infrastructure Trust (HIT), an Infrastructure Investment Trust (InvI
Slide 10: Sizeable Project Portfolio: Operational Projects
Sizeable Project Portfolio: Operational Projects PNC Share of Invested Debt as on 30th % JV Kms / TPC Invested Grant Total Debt Project Authority State / Stretch Type Equity June ‘24 Stake Partners Lanes (Rs. Crs) Amount (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Kanpur Kabrai 100% NHAI UP /
Slide 11: Sizeable Project Portfolio: HAM Projects
Sizeable Project Portfolio: HAM Projects PNC Share of Debt / Bond as on % TPC Invested Equity Total Debt Project Authority State / Stretch Kms / Lanes Status Invested Amount 30th June ’24 Stake (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Dausa-Lalsot * 100% NHAI Raj/ NH11A 83.45/ 4/2 COD 820 6
Slide 12: Annexure – I Summary Financials
Annexure – I Summary Financials PNC Infratech Limited
Slide 13: Standalone Profitability Statement – Quarter
Standalone Profitability Statement – Quarter Rs. Crores Q1 FY25 Q1 FY24 YoY Growth (%) REVENUE 1,744 1,861 EBITDA 593 245 142% EBITDA margin 34.0% 13.2% 2,086 bps Other Income 9 8 Depreciation 22 25 Financial Expenses 13 16 Profit Before Tax 567 212 168% Total Tax Expenses 146 55 Current Tax 144 54
Slide 14: Net Working Capital Days - Standalone
Net Working Capital Days - Standalone 121 106 109 99 102 97 93 73 74 77 60 62 57 51 Mar/19 Mar/20 Mar/21 Mar/22 Mar/23 Mar/24 Jun/24 Debtors Net Working Capital PNC Infratech Limited 14
Slide 15: Consolidated Profitability Statement – Quarter
Consolidated Profitability Statement – Quarter Rs. Crores Q1 FY25 Q1 FY24 YoY Growth (%) REVENUE 2,168 2,092 4% EBITDA 969 436 122% EBITDA margin 44.7% 20.9% 2,383 bps Other Income 30 20 Depreciation 40 48 Interest 190 147 Profit Before Tax 768 262 193% Total Tax Expenses 193 81 Current Tax 198 81 T
Slide 16: Segmental Revenue Break-up
Segmental Revenue Break-up Q1 FY24 Q1 FY25 421 289 20% 13% 284 231 11% 13% 1,595 1,441 74% 69% EPC Water Toll/Annuity EPC Water Toll/Annuity PNC Infratech Limited 16
Slide 17: Annexure – II Company Overview
Annexure – II Company Overview PNC Infratech Limited
Slide 18: Introduction
Introduction Established track record of timely/early completion of projects • Infrastructure construction, development, and management company; expertise in the execution of projects including highways, bridges, flyovers, airport runways, industrial areas, railways and transmission lines • Executed
Slide 19: Business Overview
Business Overview Dedicated Freight Corridor / Roads & Highways EPC Railways Airport Runways Power Transmission Design, procurement & Executed 21 airport Set up power Completed 64 Roads & Highways construction of track and runway projects across transmission lines of track related works on Industria
Slide 20: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) BOT Holdco for road and other infra projects PNC Gomti Highways Private Limited (“PNCGHPL”) * 4 Laning of Jagdishpur Faizabad Section of NH 330 A on HAM PNC Bareilly Nainital Highways Private Limited (“PNCBNHPL”) * 4 laning of the Bareilly-
Slide 21: Integrated Business Model
Integrated Business Model Equipment Own Quarries / In-house In-house Design Bank Raw Material Construction & Sourcing Engineering ▪ Ownership of a fleet of ▪ Own / Leasing of Quarries ▪ Ensuring timely ▪ Controls the entire process modern equipment enables helps in securing of raw completion of proj
Slide 22: Enhanced Execution Capability
Enhanced Execution Capability Long term bank facilities “CARE AA+ (Double A plus)” Short term bank facilities “CARE A1+ (A One plus)” “Stable” outlook Strong Credit Rating Fund Based Limits of Rs. 1,000 crores which will enable us to execute projects without financial constraints Non-Fund Based Limi
Slide 23: Enhanced to Augment and upgrade the execution
Enhanced to Augment and upgrade the execution Rs. Crores 1,317 1,341 1,331 1,267 1,273 1,094 1,016 FY19 FY20 FY21 FY22 FY23 FY24 Jun-24 Present Capex will enable us to achieve a Turnover of Rs. 10,000-12,000 crores PNC Infratech Limited 23
Slide 24: Strengthening of in-house execution team
Strengthening of in-house execution team No. of Employees 10,187 9,599 9,387 8,879 8,371 8,585 8,334 FY19 FY20 FY21 FY22 FY23 FY24 Jun-24 Strengthening of In-house execution team with induction of engineers with strong technical knowledge PNC Infratech Limited 24
Slide 25: Strong Credit Rating
Strong Credit Rating Upgraded Assigned Reaffirmed ◼ PNC Gomti Highways Pvt. Ltd. * ◼ Yamuna Highways Pvt. Ltd. ◼ PNC Infratech Ltd. ✓ Long term bank facilities at CARE AA+; Stable (Double A plus; Outlook: Stable) ✓ Long term bank facilities at ✓ CARE A; Stable (Single A; Outlook: ✓ Reaffirmed Short
Slide 26: Experienced Promoters
Experienced Promoters Mr. Pradeep Kumar Jain Mr. Naveen Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Chairman & Managing Promoter Managing Director Managing Director Director ◼ Over 41 years of experience ◼ Over 32 years of experience ◼ Over 31 years of experience ◼ Over 26 years of expe
Slide 27: 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 28: Clientele
Clientele PNC Infratech Limited 28
Slide 29: Growth Strategy
Growth Strategy Focused Approach Competitiveness ◼ Continue to focus on our Core EPC Strength & ◼ Improve performance and Strong Relationship Regional Expertise competitiveness of existing Diversification business through investments ◼ Increase presence in BOT, ◼ Maintaining Strategic in technology,
Slide 30: 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 Senior Vice President - Finance COO – IR Practice +91-9920602034 dkm@pnc