H.g. Infra Engineering Ltd. · NSE:HGINFRA
H.g. Infra Engineering — Q1 FY22 Earnings Presentation
28 slides from H.g. Infra Engineering's earnings presentation, Aug 5, 2021
Slide 1: Cover letter to stock exchanges
CIN : L45201RJ2003PLC018049 HGIELE We Make People Move ... August 05, 2021 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block-G, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai- 400 001 Mumbai- 400 051 Scrip Code- 541019 Scrip Symbol-
Slide 2: Strong performance, Stronger outlook
Slide 3: Q1FY22 Financial/Operational Highlights
C) QIFY22 Financial/Operational Highlights -— @) On the trajectory of higher growth Stronger outlook strengthened by opportunities CG) Historical Financial Highlights
Slide 4: Q1FY22 Financial/Operational Highlights
QITFY22 Financial/ Operational Highlights
Slide 5: Quarter highlights & recent developments
Quarter highlights & recent developments Revenue (Rs Mn) EBITDA (Rs Mn) & EBITDA Margin (%) PAT (Rs Mn) & PAT Margin (%) if > = 9,117 16.5% | ! : 16.3% | ! 5.1% aan ! | 9.8% | Le-- ee 1 F 889 = 206% _-¥ 489%7 . re) o* oe 7; = 5 2,979 oe eee m7 QIFY21 QUFY22 QIFY21 QUFY22 QIFY21 QIFY22 _a fo ® = Awar
Slide 6: Standalone profit & loss statement
Standalone profit & loss statement Rs Mn QIFY22 QIFY21 aC Revenue from operations 9,117 2,979 206.0% Cost of material consumed 4,567 1,407 Contract and site expenses 2,669 817 Employee expenses 310 223 Other expenses 85 Al Total Operating expenses 7,632 2,488 EBITDA 1,485 491 202.3% EBITDA margin 16
Slide 7: Consolidated profit & loss statement
Consolidated profit & loss statement Rs Mn ela ey} QIFY21 ae) Revenue from operations 9,414 3,119 201.9% Cost of material consumed 4,567 1,407 Contract and site expenses 2,674 821 Employee expenses 314 226 Other expenses 100 55 Total Operating expenses 7,655 2,509 EBITDA 1,759 610 188.4% EBITDA marg
Slide 8: Debt breakup
Debt breakup Consolidated Debt Breakup Standalone Debt Breakup 27% 35% 73% = Standalone Debt =& Project Debt mTerm Loan ® Working Capital Standalone debt 3,076 Term loan + current maturities” 2,249 Project debt 5598 Working capital 827 Total consolidated debt 8,674 Total standalone debt 3,076 Consol
Slide 9: Robust and well diversified order book
Robust and well diversified order book Unexecuted Value Project Awarding Authority (Rs Mn) Client wise break-up: Delhi Vadodara Pkg-9 NHAI 8,852 Optimum mix of Mancherial - Repallewa Adani 6,956 prime contracts and Hapur Morradabad IRB - MRM 4,820 select private projects Delhi Vadodara Pkg-8 NHAI 5,
Slide 10: An expanding portfolio of HAM projects
An expanding portfolio of HAM projects : CnC : en a t Total Invested era oto oC Sahn 30" June Project ‘21 oath ape "91 authorit a Lf | | SIE Ren ay=¥-3 (Rs. : Mn) | EMI (Rs. Mn) | | oe (Rs. Mn) Co Gurgaon-Sohna 656 (Rajiv chowk) NHAI Haryana 12.7 6,060 2,424 2,879 2,110 87% Rewari Ateli Mandi NHAI H
Slide 11: On the trajectory of higher growth
On the trajectory of higher growth
Slide 12: Robust execution capabilities reflected in strong growth in revenue and order book
Robust execution capabilities reflected in strong growth in revenue and order book Revenue (Rs Mn) Order Book (Rs Mn) and Book to Bill (x) 22.0% CAGR Tw Leer Xcel 71,028 70,400 25,275 FY18 FY19 FY20 FY21 Mar'18 Mar'l9 Mar'20 Mar'21 Timely execution of all projects with no delays in any project
Slide 13: And increasing geographic presence across India
And increasing geographic presence across India FY15 FY21 Current Order Book Rajasthan 10 Projects Maharashtra 7 Projects Haryana 4 Projects Telangana 3 Projects Uttar Pradesh 1 Project Andhra Pradesh 1 Project
Slide 14: Strong repository of asset base enabling efficient execution
Strong repository of asset base enabling efficient execution Gross Block (Rs Mn) Fixed Asset Turnover (x) 7,602 6,898 5.2 6,106 45 4.6 4.6 | ; ; Mar'18 Mar'l9 Mar'20 Mar'21 Mar'18 Mar'l9 Mar'20 Mar'21 Invested ~Rs 2,705 Mn in plant and machinery in last 3 years Fleet of modern construction equipment
Slide 15: Coupled with rich resource pool of skilled and talented workforce
Coupled with rich resource pool of skilled and talented workforce No. of Employees Employee Expense (% of revenue) 4,600 5.9% 5.9% 6.0% 5.5% Mar'18 Mar'19 Mar'20 Mar'21 Mar'18 Mar'19 Mar'20 Mar'21 v¥ Employees include full time employees as well as manpower service ¥ Employee expense include manpowe
Slide 16: Delivering value through a disciplined approach
Delivering value through a disciplined approach EBITDA (Rs Mn) and Margin (%) PAT (Rs Mn) and Margin (%) 4,107 2,110 27% Return on Capital Employed FY21 20% Return on Equity FY21 FY18 FY19 FY20 FY2] FY18 FY19 FY20 FY2] Strict discipline in selecting and executing orders translating into robust margi
Slide 17: Boosting financial robustness through healthy balance sheet
Boosting financial robustness through healthy balance sheet Net Working Capital (Days) Debt to Equity (x) mDebtor Days Inventory Days Creditor Days Rs 5,273 Mn poe Cash Flow from 0.75 ; 52 Days 1 Operations Bose eee ' FY21 0.58 0.45 Rs 2,704 Mn Free Cash Flow 0.28 (FCF)* FY21 Debtor days = Average T
Slide 18: Stronger outlook strengthened by opportunities
Stronger outlook strengthened by opportunities
Slide 19: Moving forward in our growth journey
Zeek ENGS ® — Moving forward in our growth journey.. ee of iz eo SS" She—reers peoe® Phase I| (2008-201 2) Phase Il (2013-2017) Phase Ill (2018-2021)... ...& beyond Subcontractor with major Upcoming prime contractor Leading road developer with experience in 1 state starting contracts with NHAI pan I
Slide 20: On the back of well laid out strategy
.. On the back of well laid out strategy Core focus on road EPC & HAM - Continue focus on EPC Projects and timely execution with strong discipline in order selection - Look at selective HAM projects with a goal of maintaining healthy IRR - Explore opportunities to monetize HAM projects and free up e
Slide 21: Tapping opportunities beyond road
Tapping opportunities beyond road FOC —- O Railways & Metro Water Infrastructure Airports A National Rail Plan was introduced to develop In 2019, the Jal Jeevan Mission was introduced for The Udaan Scheme was introduced in 2017 to boost capacity, infrastructure and enhance rail freight ahead the pur
Slide 22: Historical Financial Highlights
Historical Financial Highlights
Slide 23: Standalone profit & loss statement
Standalone profit & loss statement Revenue from operations 25,275 21,961 20,098 Cost of material consumed 11,857 8,926 8,919 Contract and site expenses 7,952 8,137 6,665 Employee expenses 1,093 1,114 1,191 Other expenses 267 365 291 Total Operating expenses 21,168 18,542 17,066 EBITDA 4,107 3,419 3,
Slide 24: Standalone Balance Sheet
Standalone Balance Sheet Coat Mar’21 Mar’20 Pee ita) Mar’21 Mar’20 Share Capital 652 652 Fixed Assets incl. CWIP 4,813 4,870 Reserves 9,670 7,564 Other Financial Assets 2,77 | 1,138 Shareholders’ Funds 10,322 8,216 Other Non Current Assets 181 207 Secured Loans 945 640 Other liabilities 864 806 Tota
Slide 25: Consolidated profit & loss statement
Consolidated profit & loss statement Revenue from operations 26,023 22,171 20,145 Cost of material consumed 11,857 8,926 8,919 Contract and site expenses 7,967 8,158 6,666 Employee expenses 1,108 1,123 1,194 Other expenses 334 413 320 Total Operating expenses 21,266 18,620 17,099 EBITDA 4,757 3,551
Slide 26: Consolidated Balance Sheet
Consolidated Balance Sheet Rs Mn Mar’21 Mar’20 Pee ita) Mar’21 Mar’20 Share Capital 652 652 Fixed Assets incl. CWIP 4,818 4,872 Reserves 9,974 7,611 Other Financial Assets 4,241 1,150 Shareholders’ Funds 10,626 8,263 Other Non Current Assets 311 255 Secured Loans 5,570 2,130 Total Non-C + Asset 9,37
Slide 27: Disclaimer
Disclaimer +, FS tt peor 8 This presentation and the accompanying slides (the “Presentation”), which have been prepared by HG Infra Engineering Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or sub
Slide 28: Thank You
Thank You HG Infra Engineering Ltd Rajeev Mishra, CFO rajeev.mishra@hginfra.com Ill Floor, Sheel Mohar Plaza, A-1, Tilak Marg, C-Scheme, Jaipur - 302001 Pareto Capital (Investor Relations) Pooja Dokania pooja.dokania@paretocapital.in > Rishav Das rishav.das@paretocapital.in CAPITAL 210, B Wing, Kana
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