G R Infraprojects Ltd. · NSE:GRINFRA
G R Infraprojects — Q3 FY2024 Earnings Presentation
34 slides from G R Infraprojects's earnings presentation, Feb 12, 2024
Slide 1: Cover letter to stock exchanges
12th February 2024 To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C-1 Dalal Street, Fort G Block, Bandra-Kurla Complex, Bandra(E) Mumbai – 400001 Mumbai -400051 Scrip Code: 543317 Symbol: GRINFRA Sub: Investor Presentation on the financial
Slide 2: G R Infraprojects Limited Company Presentation Q3 FY2023-24
G R Infraprojects Limited Getting People Places, Faster Company Presentation Quarter 3 – Financial Year 2023-24 KAKA
Slide 3: Context
Context Disclaimer 1 Page 3 2 Quarterly Highlights Page 5 3 What we do and key milestones Page 16 4 Overview – Historical data (Financial & Operational) Page 24 5 Awards Page 31 2
Slide 4: Disclaimer
Disclaimer This presentation is issued by G R Infraprojects Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any particular person. This presentation does not constitute or form part of any offer or i
Slide 5: Disclaimer
Disclaimer The information contained in these materials has not been independently verified. None of the Company, its subsidiaries, its joint ventures, its directors or affiliates or associates, as applicable, nor any of its or their respective employees, advisers or representatives or any other per
Slide 6: Quarterly Highlights
Quarterly Highlights 5
Slide 7: QoQ and YoY Highlights Q3-FY24
Q3-FY24 Total Income (Rs in Mn) EBITDA Margin (%) & EBITDA (Rs in Mn) PAT Margin (%) & PAT (Rs in Mn) 12.31% 12.62% 7.83% 8.60% QoQ Highlights 14.01% 17.71% 26.05% 18,642 16,352 2,280 1,937 1,554 1,233 Q2 2024 Q3 2024 Q2 2024 Q3 2024 Q2 2024 Q3 2024 Total Income (Rs in Mn) EBITDA Margin (%) & EBITDA
Slide 8: Net Working Capital Days and Debt to Equity Ratio
Q3-FY24 Net Working Capital Days Debt to Equity Ratio & Net Debt to Equity Ratio (including Mob. Advances) 1.20 1.14 1.06 1.03 September 2023: 92 Days December 2023: 97 Days 0.99 0.96 0.95 0.94 0.96 1.00 0.80 0.91 0.89 0.92 0.83 0.81 0.82 0.80 0.83 66 0.60 60 0.40 0.27 0.28 0.26 0.24 0.23 0.21 0.21
Slide 9: Standalone Profit and Loss Statement
Standalone Profit and Loss Statement (Rs in Millions) A B C C C D Particulars Q3 Q2 Q3 Nine month Nine month YE Mar 23 FY 23-24 FY 23-24 FY 22-23 FY 23-24 FY 22-23 Income Revenue from operations 18,064.16 15,737.86 18,988.11 55,326.12 61,526.69 81,475.88 Other income 577.79 614.01 421.33 1,702.93 1,
Slide 10: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement (Rs in Millions) A B C C C D Particulars Q3 Q2 Q3 Nine month Nine month YE Mar 23 FY 23-24 FY 23-24 FY 22-23 FY 23-24 FY 22-23 Income Revenue from operations 21,340.19 18,827.81 21,918.79 64,950.33 70,203.92 94,815.15 Other income 246.09 264.08 174.16 723.14 56
Slide 11: Consolidated Debt
Debt Breakup (Fund Based) as on December 31, 2023 Particulars Rs. In Million STANDALONE DEBT Debentures 5,911.71 Standalone Debt 24% Term Loan 1,065.68 DEBENTURES Working Capital 2007.51 TERM LOAN Mobilization Advance 2,480.03 50% WORKING CAPITAL Total Debt 11,464.93 17% MOBILISATION ADVANCE #Cash a
Slide 12: Robust Order Book
Robust Order Book Order book as on 31st December 2023 is Rs 1,92,530.42 Million* Project Mix Client Wise Distribution State Wise Distribution 11% 2% 4% 5% Andhra Pradesh 0% 4% 5% Arunachal Pradesh 4% 0% Bihar 0% 4% 8% 8% Chattisgarh 8% 15% Gujarat MMLP 3% Karnataka NHAI Madhya Pradesh Road OTHERS Ma
Slide 13: Projects Portfolio
Projects Portfolio 12
Slide 14: Portfolio of Road / Transmission Projects (Operational)
Portfolio of Road / Transmission Projects (Operational) Reengus-Sikar (BoT) Phagwara-Rupnagar (HAM) Nagaur-Mukundgarh (HAM) Handia-Varanasi (HAM) Porbandar-Dwarka (HAM) Gundugolanu-Devarapalli (HAM) Akkalkot-Solapur (HAM) Sangli-Solapur (HAM) Dwarka-Devariya (HAM) Aligarh-Kanpur (HAM) 13
Slide 15: Portfolio of Road / Transmission Projects (Under Construction)
Portfolio of Road / Transmission Projects (Under Construction) Ena-Kim (HAM) Transmission system in Rajgarh Shirsad-Masvan (HAM) Ujjain-Badnawar (HAM) Bilaspur-Urga (HAM) Madanapalli-Pileru (HAM) Galgalia-Bahadurganj (HAM) Anjar Bhuj (HAM) Bahadurganj-Araria (HAM) Bandikui-Jaipur Corridor (HAM) Amri
Slide 16: Projects awaiting appointed dates
Projects awaiting appointed dates Bamni MH/TG Border (HAM) Belgaum Raichur Package 6 (HAM) Indore MMLP Project (DBFOT) Venkatpur Thallasenkesa (HAM) Varanasi‐Ranchi‐Kolkata Highway (HAM) Yamuna Bridge Highway (HAM) Hasapur – Badadal Highway (HAM) Kasganj Bypass (HAM) Devinagar Kasganj Bypass (HAM) T
Slide 17: What we do & Key Milestones
What we do & Key Milestones 16
Slide 18: GRIL – Our Business
GRIL – Our Business TRANSMISSION EMULSION/ PMB HIGHWAYS RAILWAYS & METRO ROAD SIGNAGES AND MARKING PAINT METAL CRASH BARRIER BRIDGES TUNNEL WORK 17
Slide 19: Key Milestones
Key Milestones 2021- • Achieved PCOD for first NHAI HAM 2022 project, Phagwara – Rupnagar • First HAM project awarded with Bid Project Cost of ₹ • Successful listing of the Company on 13,670.0 Mn 2016- BSE and NSE on July 19, 2021 2019 • Divestment of equity stake in - Jodhpur Pali • Entry into Tran
Slide 20: Overview – GRIL Snapshot
Overview – GRIL Snapshot An Integrated EPC Company, with proven track record of timely project execution over last 25 years. Presence in 23 States 4 Manufacturing Units 8000+ plant & equipment ~16,000 employees CARE Rating: AA+ (Stable) CRISIL Rating: AA (Stable) upgraded from AA (Stable) 19
Slide 21: Our Clients
(Cindi) ty Our Clients re4 4 ——_/ | 5 an UP Expressway Industrial Minty er ichweve Pot BUILDING INFRASTRUCTURE - BUILDING THE NATION Devslopment authority eS Public Works Department wera wa Government of Rajasthan ma. der Proms Prom PiPes Saige SF nit pec Rail Vikas Nigam Limited 4 Vd. pices! doriel
Slide 22: Committed to growth, with purpose
Committed to growth, with purpose FOCUSED MARKET Construction STRATEGIES Environment We understand the nations need, We show our care for the design it through perfection and environment through CSR EXPAND THE PORTFOLIO build it to dreams initiatives FOCUSED EPC PLAYER GROWING TOGETHER WITH OUR NATI
Slide 23: Strong Board with diverse experience
Strong Board with diverse experience Vinod Kumar Agarwal : Chairman and Wholetime Director He has over 27 years of experience in the road construction industry. He has been a Director on our Board since incorporation of our Company and has been instrumental in the growth of our Company. He looks aft
Slide 24: Strong Board with diverse experience
Strong Board with diverse experience Rajendra Kumar Jain : Non- Executive Independent Director He holds a bachelor’s degree in commerce from Rajasthan University and a master’s degree in commerce (specialising in business administration) from Maharshi Dayanand Saraswati University, Ajmer. He is also
Slide 25: Historical Data (Financial & Operational)
Historical Data (Financial & Operational) 24
Slide 26: Historical Financial Data
Historical Financial Data Revenue From Operations (Rs in Mn) EBITDA* (%) / EBIDTA (Rs in Mn) 21.42% 21.81% 19.82% 19.50% 81,476 17.56% 79,192 CAGR: 72,445 CAGR: 17.94% 21.26% 18.99% 60,278 14,135 14,940 14,379 13,350 49,502 10,748 31,081 6,263 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2018
Slide 27: Historical Financial Data
Historical Financial Data PAT (Rs in Mn) / PAT Margin (%) Net Cash Flow (Used In)/ from operating Activities (Rs in Mn) 12.84% 8,312 12.03% 11.43% 10.78% 7,644 9.61% 10.45% 6,516 CAGR: 16.36% 8,518 5,606 7,806 7,608 4,199 6,888 5,957 3,992 (41) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2018
Slide 28: Historical Financial Data
Historical Financial Data Fixed Assets Turnover Ratio Net Debt/ Equity & Net Debt /EBITDA 6.54 6.27 0.88 0.82 6.26 6.35 5.73 0.83 5.80 0.70 0.65 0.42 0.42 0.36 0.33 0.23 0.20 0.19 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Net Debt/Equity Net Debt
Slide 29: Historical Operational Data
Historical Operational Data Employee Count Order Book* (Rs.in Mn) 1,95,294 17,721 16,333 1,70,526 16,157 1,48,799 12,956 1,31,039 1,18,648 1,17,143 11,149 7,321 FY18 FY19 FY20 FY21 FY22 FY 2023 FY18 FY19 FY20 FY21 FY22 FY 23 Employee Count Order Book 28 *excluding GST
Slide 30: Strong focus on Quality Execution
Strong focus on Quality Execution Design and engineering (Centralized): Continuous improvements are made on the designs in coordination with the Project Management Team (PMT) Manufacturing (In-house across the country): Supply is synchronized with site progress and product specifications are finaliz
Slide 31: Leveraging operating efficiencies from vertical integration
Leveraging operating efficiencies from vertical integration THREE KEY STEPS IN VALUE CHAIN PMB, Emulsion facility & Enables efficient Road Signages, Udaipur. In-House Design & Capacity: 30,000MT designs & quick Engineering Team Emulsion Facility, Sandila changes Capacity:24,960 MT Integrated Owned c
Slide 32: Awards and Accolades
Awards and Accolades 31
Slide 33: Notable Awards
Notable Awards Emerging Best Best Best Places to Outstanding Companies Professionally Construction Work in Contribution in Roads Excellence Managed Company Projects Construction and Highways Award Industry Porbandar-Dwarka Construction Construction Section NH-8E Business Today in Industry Industry A
Slide 34: Thank You
G R Infraprojects Limited Company Presentation Getting People Places, Faster Thank You Anand Rathi, CFO G R Infraprojects Limited Second Floor, Novus Tower, Plot No.18, Sector-18, Gurugram, Haryana-122015, +91 124 643 5000