Slide 1: Submission of Investor/Analysts Presentation (cover letter)
CIN: L99999MH1949PLC007039 August 13, 2024 To, BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra - Kurla Complex, Mumbai - 400 001 Mumbai - 400 051 Company Code No. 531120 Company Code: PATELENG Dear Sir/Mam, Subject: Submission
Slide 2: Patel Engineering Limited - Investor Presentation Q1 FY25
Patel Engineering Limited Determined to Deliver INVESTOR PRESENTATION | Q1 FY25
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides have been prepared by Patel Engineering Ltd. (the “Company”), and have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form
Slide 4: Company Overview
Company Overview
Slide 5: About Patel Engineering Limited
About Patel Engineering Limited One of the most integrated infrastructure and construction services conglomerates in India Patel Engineering Limited, founded in 1949 and headquartered in Mumbai, is a prominent player in the civil engineering construction segment. With over seven decades of experienc
Slide 6: Vision & Mission
Vision Deliver comprehensive and effective solutions to clients through our profound experience and technological prowess, while continuously creating opportunities and value for stake-holders and society. Vision & Mission Mission To be the pioneers in the industry and a market- driven organization
Slide 7: Key Facts and Figures
Key Facts and Figures 7+ decades 15 States 15,000+ 87+ Experience Current Domestic Presence MW Hydro Project Dams 300+ Kms 5.5+ Lakhs 1,200+ Kms ₹ 1,79,019 Mn of Tunnels Acres Irrigated Order book (Including L1) Road Q1 FY25 Cons. Q1 FY25 Cons Q1 FY25 Cons A- ₹ 11,017 Mn : Revenue 2.21 : Debt To Op.
Slide 8: Market Potential & Opportunities
Market Potential & Opportunities ₹ 11.11 Lac Cr 15,000+ MW 60,000+ MW Hydro Projects Pumped Storage Projects Infrastructure Sector Budget Arunachal Pradesh Under Survey & Investigation 3.4% of GDP. 6,000+ MW ₹ 7,01,630 Mn ₹ 93,393 Mn Hydro Projects Budget Allocation for Jal Jeevan Budget Allocation
Slide 9: Q1 FY25 Financial Highlights
Q1 FY25 Financial Highlights
Slide 10: Standalone Results Highlights
Standalone Results Highlights In ₹ Mn In ₹ Mn Q1 FY25 Revenue Performance Q1 FY25 Op. EBITDA and Net Profit Performance 10,907.00 10,824.39 1,612.83 1,522.07 Op. EBITDA Q1 FY24 681.63 Net Profit 388.44 excluding Q1 FY25 Exceptional Items Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 In % Q1 FY25 Revenue Breakup I
Slide 11: Q1 FY25 Standalone Results Highlights
Q1 FY25 Standalone Results Highlights In ₹ Mn Particular Q1 FY25 Q1 FY24 Y-O-Y % Revenue from Operations 10,824.39 10,907.00 (0.76)% Expenses 9,211.56 9,384.93 Operating EBITDA 1,612.83 1,522.07 5.96% Operating EBITDA Margin 14.90% 13.95% Depreciation 257.70 219.56 Interest 839.95 866.95 Other Incom
Slide 12: Consolidated Results Highlights
Consolidated Results Highlights In ₹ Mn In ₹ Mn Q1 FY25 Revenue Performance Q1 FY25 Op. EBITDA and Net Profit Performance 1,705.63 1,686.49 11,186.11 11,016.59 481.69 323.67 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Op. EBITDA Net Profit excluding Exceptional Item Investor Presentation Q1FY25
Slide 13: Q1 FY25 Consolidated Results Highlights
Q1 FY25 Consolidated Results Highlights In ₹ Mn Particular Q1 FY25 Q1 FY24 Y-O-Y % Revenue from Operations 11,016.59 11,186.11 (1.52)% Expenses 9,330.10 9,480.48 Operating EBITDA 1,686.49 1,705.63 (1.12)% Operating EBITDA Margin 15.31% 15.25% Depreciation 259.08 220.34 Interest 841.00 884.15 Other I
Slide 14: Consolidated Debt Highlight & Interest Break Up
Consolidated Debt Highlight & Interest Break Up In ₹ Mn In ₹ Mn BG / LC Charges & Other Borrowing Cost Term Debt Working Capital Debt Total Debt Interest on Contractee Advances Interest to Lenders Total Finance Cost 19,556.75 884.15 841.00 192.38 153.64 14,938.74 11,142.93 190.40 Reduction in 213.38
Slide 15: Q1 FY25 Operational Highlights
Q1 FY25 Operational Highlights
Slide 16: Substantial Completion of Tunnel T-15 & Part T-14
Substantial Completion of Tunnel T-15 & Part T-14 Patel Engineering, in collaboration with its joint venture partner, has reached a significant milestone in the Udhampur-Srinagar-Baramulla Rail Link (USBRL) project by substantially completing Tunnel T-15 and part of Tunnel T-14. Project Scope: Proje
Slide 17: Final Breakthrough – Head Race Tunnel – Arun-III
Final Breakthrough – Head Race Tunnel – Arun-III. Achieved a significant milestone with the final breakthrough of the Head Race Tunnel (HRT) at the Arun – III project site. The breakthrough, between Face–4 and Face–5 locations covering 3,115 meters, marks the completion of the 8,670-meter HRT excava
Slide 18: Operational Highlight Of Q1 FY25
Operational Highlight Of Q1 FY25 Improvement In Non-Core Asset Qualified Institutional Secures Contract for Jigaon Credit Rating Monetization Placement Water Lifting Project Long-term rating has been Money Realized against Successfully completed a Qualified Project Overview: Construction of Water Li
Slide 19: Q1 FY25 Achievement & Awards
Q1 FY25 Achievement & Awards Ms. Kavita Shirvaikar recognized amongst the Top 10 Women Leaders in Construction & Infrastructure 2024 by the Women Entrepreneurs Review. Mr. Vinod Chandnani, was awarded the CXO Security Ms. Kavita Shirvaikar, Managing Director, is on the Mr. Vinod Chandnani, was award
Slide 20: Order Book Highlights
Order Book Highlights
Slide 21: Yearly Growth In Order Book
In ₹ Mn CAGR = 11.28% 2,08,067 1,86,630 1,79,019 1,44,660 1,50,110 1,31,840 1,02,150 Yearly Growth In Order Book FY19 FY20 FY21 FY22 FY23 FY24 Q1 FY25 Q1 FY25 includes One Project which is L1 amounting to ₹ 1,112 Mn converted to LOA in Q2 FY25 Investor Presentation Q1FY25 20
Slide 22: Order Book Break Up
Order Book Break Up In % Segment Wise Order Book Client Wise Order Book Project Completion Wise Order Book 2.45% 3.49% 1.30% Hydroelectric 2.82% 3.38% Below 10% 10.54% Central Government 16.52% Irrigation 10% - 30% / PSU’s 36.94% 35.69% 30% - 50% Tunnel 50% - 70% 21.99% State Government 61.49% Depar
Slide 23: Diversely Spread Works De-Risking Business
Jammu and Diversly Spread Works Kashmir De-Risking Business 50 Ongoing Projects Across15 States Domestically and an International Presence in Nepal with a Total Project Value of Himachal Pradesh ₹ 1,79,019 Mn Domestic In ₹ Mn. Arunachal Pradesh Sr.No. State No. of Projects Project Value Nepal Sikkim
Slide 24: Business & Project Overview
Business & Project Overview
Slide 25: Major Project Under Execution
Major Project Under Execution Hydro Power / Tunnelling Transportation o Subansiri HEP (2,000 MW) o Selapass Road and Tunnel o IRCON T15 (Railway Tunnel) o Katraj Kondwa Road o Kiru HEP (624 MW) o Up-gradation - Pimpla o Arun-III HE Project (900 MW) junction. o CIDCO Water Tunnel Project o Constructi
Slide 26: Major Project Under Execution - Hydro Power Projects
Major Project Under Execution - Hydro Power Projects Currently in India ~ 18,000 MW of Hydropower is Under Execution out of which Company is involved in Construction of ~ 8,000 MW. Dibang Multipurpose (2,880 MW) Subansiri HEP (2,000 MW) Kiru HEP (624 MW) KWAR HEP(540 MW) Teesta VI HEP (500 MW) Shong
Slide 27: Some Major Clients
Some Major Clients Investor Presentation Q1FY25 26
Slide 28: Industry Overview
Industry Overview
Slide 29: Indian Power Industry Overview
Indian Power Industry Overview Power Generation Is A Prime Focus Total Power Generation over previous year in the country As India looks to meet its energy demand on its own, which is expected to during 2009-10 to 2023-24 including Renewable Energy reach 15,820 TWh by 2040, renewable energy is set t
Slide 30: Hydropower Overview
Hydropower Overview Hydro Power – a keen effort taken by the government to boost energy generation • Hydropower supplies at least 50% of electricity production in 66 countries and at least 90% in 24 countries. • India has overtaken Japan, becoming the nation with the fifth-largest hydropower product
Slide 31: Hydro Pumped Storage
Hydro Pumped Storage The government has taken various steps recently in order to ensure that Pumped Storage Projects (PSPs) get commissioned on a fast track, thereby accelerating the growth of India’s renewable energy capacity. To cite a recent example, the Central Electricity Authority (CEA) has ac
Slide 32: Jal Shakti Ministry's 2024-25 Budget Prioritizes Jal Jeevan Mission
Jal Shakti Ministry's 2024-25 Budget Prioritizes Jal Jeevan Mission • The Ministry of Jal Shakti received the largest portion of the 2024-25 interim budget, with Finance Minister Nirmala Sitharaman allocating ₹98,418 crore. Of this, the Jal Jeevan Mission (JJM) was granted 71%. • India plans to spen
Slide 33: Micro Irrigation The Way Forward
Micro Irrigation The Way Forward Importance Micro Government of Micro Irrigation in Initiative Irrigation India • Micro-irrigation increases water efficiency as much as • In India, the average penetration of micro irrigation is • The government started micro irrigation in the Tenth 50%-90%. 19% (as
Slide 34: Management Overview
Management Overview
Slide 35: Professional & Experienced Board Of Directors
Professional & Experienced Board Of Directors Janky Patel Kavita Shirvaikar Kishan Lal Daga Dimitrius D’Mello Chairperson & Non-Executive Director Managing Director Whole Time Director Whole Time Director Ms. Janky Patel, a BA Mrs. Kavita Shirvaikar, a Mr. Kishan Daga brings with Mr. Dimitrius D’Mel
Slide 36: Professional & Experienced Board Of Directors
Professional & Experienced Board Of Directors K. Ramasubramanian Dr. Emandi Sankara Rao Dr. Sunanda Rajendran Shambhu Singh Ashwin Parmar Independent Director Independent Director Independent Director Independent Director Independent Director Mr. K. Ramasubramanian, a Dr. Rao, an IIT Bombay Dr. Suna
Slide 37: Stock Data
Stock Data NSE: PATELENG BSE: 531120 | ISIN: INE244B01030 Share Holding Pattern As on 12-08-2024 As on 30-06-2024 Share Price (₹) 55.63 4.39% Market Capitalization 4,697.26 Cr No. of Shares Outstanding 84,43,76,117 Promoters Face Value (₹) 1.00 36.11% 52 week High - Low (₹) 79.00 – 41.99 Public PE R
Slide 38: The Way Forward
The Way Forward
Slide 39: Unlocking Growth Potential: Key Highlights
Strong experience and reputation in the infrastructure space for over 75 years. The government's focus on hydroelectric and irrigation infrastructure further paves the way for future growth in these segments. Huge number of orders are expected in FY25 for which Company has raised ₹ 4,000 Mn via QIP.
Slide 40: Thank You
Thank You Patel Engineering Limited Contact: Rahul Agarwal / Shobha Shetty Phone: +91 22 2676 7500 Website: www.pateleng.com E-mail: investors@pateleng.com Kirin Advisors Private Limited Contact: Vastupal Shah Phone: +91 22 4100 2455 Website: www.kirinadvisors.com E-mail: vastupal@kirinadvisors.com