Rpp Infra Projects Ltd. · NSE:RPPINFRA
Rpp Infra Projects — Q2 FY2018 Earnings Presentation
33 slides from Rpp Infra Projects's earnings presentation, Nov 29, 2017
Slide 1: Investor Presentation November 2017
Investor Presentation November 2017
Slide 2: Robust Financial Performance
Robust Financial Performance Revenue EBITDA PAT Rs. 220 Rs. 33 Rs. 14 Crore Crore Crore + 29% YoY + 22 % YoY + 22 % YoY H1FY18 2
Slide 3: Q2FY18 Performance Highlights
Q2FY18 Performance Highlights EBITDA (Rs. Cr) Revenue (Rs. Cr) PAT (Rs. Cr) EBITDA Margin (%) 15.8% 14.6% 16 108 14 86 7 6 Q2FY17 Q2FY18 Q2FY17 Q2FY18 Q2FY17 Q2FY18 3
Slide 4: Strong Order Inflow
Strong Order Inflow Order Inflow of Rs. 349 Crore (YTD H1FY18) KSPH&IDCL (Karnataka State Police Housing and TWAD Board Infrastructure (Tamilnadu Water Tamilnadu Civil Development Supply & Supplies Corporation Corporation Drainage Board) worth of Limited) worth of worth of Rs. 51 Crore Rs. 51 Crore
Slide 5: Growing Order Book
Growing Order Book Order Book Sector / Vertical % (in Rs. crore) 26% 31% Buildings 269 26% Buildings Water Management Water Management 450 43% Infrastructure Infrastructure 324 31% 43% TOTAL 1,044 100% Tenders in First Lowest in Crores PWD Tamilnadu Canal Lining Tanjore District 17 Karnataka Slum De
Slide 6: Diversified Order Book
Diversified Order Book Order Book Trend Geographical Break Up Buildings Water Management Infrastructure 831 844 784 786 808 1,044 Arunachal Madhya Pradesh Pradesh 4% 5% 33% 31% Bangladesh 38% 41% 9% 51% 52% Karnataka 32% 21% Tamil Nadu 29% 26% 43% 61% 21% 19% 35% 32% 33% 28% 28% 26% Q1FY17 Q2FY17 Q3
Slide 7: Q2 & H1 FY18- Profitability Highlights
Q2 & H1 FY18- Profitability Highlights Rs. Crore Q2FY18 Q2 FY17 YoY H1FY18 H1FY17 YoY Revenue from Operations 108 86 25.9% 220 171 29.3% Other Income 2 1 3 1 Total Income 110 86 27.4% 224 171 30.5% Raw Material & Fuel Costs 82 67 172 135 Employee Cost 2 2 5 3 Other Cost 9 4 14 6 EBITDA 16 14 16.3% 3
Slide 8: Balance Sheet Highlights
Balance Sheet Highlights Rs. Cr Sep-17 Mar-17 Rs. Cr Sep-17 Mar-17 Shareholder’s Funds 188 175 Non-current assets 35 35 Share capital 23 23 Fixed assets 32 32 Reserves & Surplus 165 152 Non-current Investments 1 1 Long-term loans & advances 0 Other non-current assets 2 0 Non-current liabilities 17 1
Slide 9: RPP Infra Project's Space
RPP Infra Project’s Space Fastest growing spaces Fastest growing states Safest customer Irrigation and water supply, Civil Telangana, Andhra Pradesh, The Government construction works, National Karnataka and Madhya Highways, Rural roads and other Pradesh Infrastructure works RPP Infra Fastest growin
Slide 10: Catering to some of the largest states in India
Catering to some of the largest states in India • 11th largest state of India Tamil Nadu • GSDP grew average 13% in 2016-2017 • 8th largest state of India Andhra Pradesh • GSDP grew average 10.5% in 2016-2017 • 12th largest state of India Telangana • GSDP grew average 9.2% in 2016-2017 • 9th largest
Slide 11: This strategic focus has worked in the past
This strategic focus has worked in the past Resulting in a safe Balance Sheet even in the most challenging times Resulting in attractive growth Resulting in sectoral outperformance 11
Slide 12: New Plan for Emerging India
New Plan for Emerging India Atal mission for rejuvenation and urban transformation (AMRUT) Madhya Pradesh Local Area Development Scheme Integrated Rural Development Program Jawaharlal Nehru National Urban Renewal Mission (JnNURM) Pradhan Mantri Awaas Yojana: Target to complete 1cr houses by 2019 Mic
Slide 13: Our financial growth over the years
Our financial growth over the years From a turnover of Rs. 144.55 crore in 2009-10 to Rs. 366.34 crore in 2016-17 From an operating profit of Rs. 14.74 crore in 2009-10 to Rs. 52.89 crore in 2016-17 From a cash profit of Rs. 10.72 crore in 2009-10 to Rs. 28.90 crore in 2016-17 From a net profit of R
Slide 14: Our financial journey contd…
Our financial journey contd… EBITDA (Rs. Cr) Revenue (Rs. Cr) PAT (Rs. Cr) EBITDA Margin (%) 17.3% 23.9 16.6% 17.7% 16.0% 14.4% 366.3 20.7 52.8 51.2 314.7 17.3 45.6 263.1 257.2 38.9 38.0 232.9 11.3 10.9 FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17 14
Slide 15: Our financial journey
contd… Our financial journey Book Value Per Share (Rs.) RONW (%) EPS (Rs.) 76.8 67.0 60.0 52.0 10.6 45.0 13.8% 13.7% 9.1 12.7% 7.6 10.6% 9.4% 5.0 4.8 FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17 15
Slide 16: One of the most profitable rural infrastructure companies
One of the most profitable rural infrastructure companies EBIDTA margin Order book Sustainable at 15% 33% in the last of order book focused on Five years generating EBIDTA in excess of 14% 16
Slide 17: RPP Infra's sustainable growth is the result of a robust business model
RPP Infra’s sustainable growth in the most challenging times is the result of a robust business model 17
Slide 18: Margin outperformance the result of a Distinctive Business Model
Margin outperformance the result of a Distinctive Business Model Spaces Regional Solutions Engaged in verticals that represent South India focus; deep terrain national priorities; proxies for‘ Design to implementation in civil homes’, ‘transportation’, ‘food’, competence; zone outperforming construc
Slide 19: 4 Principal Elements of Business Model
4 Principal Elements of Business Model A robust Balance Sheet Prudent selection of verticals 2 Order Book 1 3 Rs.1,044 Cr 4 Rich knowledge capital Focus on government contracts 19 Order Book as on September 2017
Slide 20: Focus on Specific Verticals
Focus on Specific Verticals Civil construction (Building projects): 28.05% of revenues, 2016-17 Irrigation and water supply projects: 21.06% of revenues, 2016-17 Infrastructure and road projects: 50.88% of revenues, 2016-17 Focus on Government Projects 20
Slide 21: Government Contracts
Government Contracts Government largest infrastructure spender in India Growing delegation of spending from centre to States States spending larger amounts in most areas of the company’s presence Government contracts accounted for 100% of order book (31st March 2017) Bad debts (0.8% of turnover, 201
Slide 22: Knowledge Capital
Knowledge Capital Long Project Projects Credible experience tenure experience completion client record capability Attractive Bidding Alliances Awards and projects delivered competence recognition 22
Slide 23: Projects Experience
Projects Experience Power Projects Industries Water & Irrigation Infrastructure Building Civil work Sub Station at Atomic Energy- BHEL- Tirchy , TN Construction of Civil Supply Godown KPTCL, Karnataka Kalpakkam ( Phase I Contour Canal for at Various Places MRPL, Mangalore, & II) 49.30 Km
Slide 24: Projects Completion Capability
Projects Completion Capability Completed most projects on schedule with no delay at the company’s end Captive equipment availability Rs. 30Cr SBU-based business, resulting in project control 90 Engineers 150 Employees Aggregate experience of 1500 Person - years 24
Slide 25: Credible client record who work on Government Contracts
Credible client record who work on Government Contracts 25
Slide 26: Bidding Competence Alliances
Bidding Competence Alliances Focus on projects that represent challenges, Entered into alliances with two global companies niceness and attractive margins to strengthen pre-qualification capability Bidding competence (25% strike rate in Will enable the company to bid for larger Southern stat
Slide 27: Awards and Recognition
Awards and Recognition Excellence of Construction award from 'Kongu Polytechnic College, Perundurai, in the year 2004 Award for Construction of Anna University, Chennai in the year 2005 Excellence of construction award from 'Neyveli Lignite Corporation, Neyveli (NLC) in the year 2007 Excellence of C
Slide 28: Case for National Optimism
Case for National Optimism Prominent nation- Government focus on driving schemes growing the country’s Tamil Nadu to drive comprising ‘Power for construction, power, capital expenditure; All by 2022’, Pradhan railways, roads, Andhra Pradesh Mantri Gram Sadak Focus on stalled highways, townships focu
Slide 29: Some Macro Infrastructure Numbers
Some Macro Infrastructure Numbers 01 Andhra Government planned Rs.73,000 cr for setting up smart industrial township in 10,000 hectares involving at least 200 industries 02 Indian government pushing for reforms leading to more infrastructure projects 03 The government created a Rs 15,000 crore infra
Slide 30: A Quick Recap
A Quick Recap 6 Points that are Fast -Tracking RPP INFRA’S Growth Order Book of Rs. 1,044 as on 30th September 2017 01 Conscious avoidance of BOT & private sector-awarded projects Integrated business presence – conceptualize, conceive, 02 construction and commission infrastructure assets Significant
Slide 31: Board of Directors
Board of Directors A Civil Engineer by qualification Mr. R.P. Arulsundaram Started RPP in 1988 as a partnership firm Chairman and Managing Director Practical Experience of more than 23 years in construction industry Trustee in the Erode District Builder’s Association Engineering Collage Ma
Slide 32: Board of Directors
Board of Directors Bachelor of Engineering from National Institute of Technology, Fellow of Mr. K. Ravi Institution of Engineers & Certified Maintenance and Reliability Independent Director Professional Over 43 years of experience in engineering industry Holds a Bachelor of Engineering in Civi
Slide 33: LET'S CONNECT
LET’S CONNECT RPP INFRA PROJECTS LIMITED STELLAR IR ADVISORS PVT. LTD. CIN: L45201TZ1995PLC006113 CIN: U74900MH2014PTC259212 Mr. K. JAYANTHAR Mr. VIKASH VERMA / Mr. ABHISHEK BHATT secretary@rppipl.com vikash.verma@stellar-ir.com / abhishek@stellar-ir.com www.rppipl.com