Om Infra Limited · NSE:OMINFRAL
Om Infra — Q1 FY24 Earnings Presentation
25 slides from Om Infra's earnings presentation, Aug 21, 2023
Slide 1: Om Infra Limited
OM INFRA LIMITED (Formerly known as OM METALS INFRAPROJECTS LIMITED) CIN: L27203RJ1971PLC003414 ____________________________________________________________________________ Regd. Office: 2nd Floor, A-Block, Om Tower, Church Road, M.I. Road, Jaipur-302001 Tel:+91-141-4046666 Website: www.ommetals.com
Slide 2: Investor Presentation Q1FY24
Investor Presentation Q1FY24
Slide 3: Disclaimer / Safe Harbor Statement
Disclaimer / Safe Harbor Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by Om Infra Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscri
Slide 4: Key Highlights – Q1FY24
Key Highlights – Q1FY24 Operational Updates: ▪ Robust Order Book of Rs 2,961 Cr, forming ~4x of FY23 Revenue ▪ Engineering: Execution of Jal Jeevan Mission (JJM) projects (in UP and Rajasthan, bagged in Q4FY22) progressing at a good pace. These projects typically earn an EBITDA Margin in the range o
Slide 5: Standalone Financials – Q1FY24
Standalone Financials – Q1FY24 Standalone (Rs Cr) Q1FY24 Q1FY23 YoY % FY23 YoY % Net Sales 262.8 116.9 125% 719.8 149% Raw Material Costs 119.8 54.5 335.9 Employee Expenses 7.9 6.9 27.6 Other Operating Expenses 113.2 42.0 299.4 EBITDA 21.9 13.5 62% 56.8 79% EBITDA Margin (%) 8.3% 11.5% - 7.9% - Othe
Slide 6: Consolidated Financials – Q1FY24
Consolidated Financials – Q1FY24 Consolidated (Rs Cr) Q1FY24 Q1FY23 YoY % FY23 YoY % Net Sales 266.8 145.0 84% 799.2 155% Raw Material Costs 124.6 80.1 423.4 Employee Expenses 8.3 7.4 29.7 Other Operating Expenses 113.6 44.7 308.5 EBITDA 20.2 12.7 59% 37.5 -14% EBITDA Margin (%) 7.6% 8.8% 4.7% Other
Slide 7: Company Overview
Company Overview
Slide 8: Well-Established Core Business of Engineering
Well - Established Core Business of Engineering Healthy Profitability Key Products Key Services Leadership position in core business of Turnkey execution contracts for Hydro Mechanical ▪ Gates: Radial, Vertical, Stoplog, Draft Tube ▪ Turnkey Solutions: Installations, Testing and Equipment for Hydro
Slide 9: Well – Experienced Management Team
Well – Experienced Management Team Mr. C P Kothari Mr. D P Kothari Mr. Sunil Kothari Mr. Vikas Kothari Chairman Emeritus Chairman Vice Chairman Managing Director & CEO ▪ With the company for almost ▪ With immense experience in ▪ Responsible for all financial ▪ 20+ years of experience in 50 years; Pl
Slide 10: Demonstrated track record of Engineering skills
Demonstrated track record of Engineering skills Koldam Hydro Electric Rangandi Hydro Prakassam Barrage Gosikhurd Dam Project Electric Project Project Project • 800 MW project with • 70 old rusted gates to be • Execution of one of the • 405 MW project in a complicated design of gates replaced with ne
Slide 11: Growing Order Book to Rs 3 Bn (~4x of FY23 Sales)
Growing Order Book to Rs 3 Bn (~4x of FY23 Sales) ~4x Growth – Driven by JJM (bagged in Q4FY22) Hydro & Water Projects: • Execution Period - 2 to 3 years • EBITDA Margin - 18% to 20% Hydro & Water 2.3x Growth 40% 3,577 3,020 2,961 Jal Jeevan Mission 1,864 60% 1,591 1,247 817 JJM Projects: • Executio
Slide 12: Order Book Break-up and Bid Pipeline
Order Book Break-up and Bid Pipeline Unexecuted Upcoming Tenders Project Client (Rs Cr) Jal Jeevan Mission (JJM) 1,772 SWSM – Namami Gange and Rural Water Dewas III & IV Rs.400 Cr - Uttar Pradesh 1,164 Supply Dept. - Rajasthan Public Health Engineering Dept. 608 Hydro & Water 1,189 M P JAL Nigam Rs.
Slide 13: Growth Opportunity – Jal Jeevan Mission (JJM)
Growth Opportunity – Jal Jeevan Mission (JJM) ▪ The focus of the mission is to enable every household in villages to States where large number of Households yet to get FHTC have Functional Household Tap Connection (FHTC) (Har Ghar Jal) by 2024 29 42 42 59 59 56 52 62 77 75 73 ▪ With this, each house
Slide 14: Growth Opportunity – Hydro Power & Water
Growth Opportunity – Hydro Power & Water Hydro Power River Linking, Water, Water Supply and Irrigation ▪ India’s Demand for Energy is expected to grow significantly led by ▪ These water infrastructure projects could cost Indian expected growth in industrial and commercial activity in the coming gove
Slide 15: Liquidity Events in the Offing
Liquidity Events in the Offing
Slide 16: Strong Cashflows Expected over the Next 2-5 years
Strong Cashflows Expected over the Next 2-5 years Estimated Cashflow Estimated Project Current Status (Rs Cr) Timeline Real Estate 1,190 ▪ Pallacia, Jaipur Completed, Handed over occupation 379 2 to 3 years ▪ Om Green Meadows, Kota Handed over partial project 61 In talks with architects, govt. agenc
Slide 17: Real Estate - Current Projects
Real Estate - Current Projects Project Pallacia, Jaipur Om Green Meadows, Kota Unique high-end RERA compliant apartments have a Residential township has flats, villas and apartments Description complete lifestyle experience with Luxury Living and provides residents a complete lifestyle experience Pa
Slide 18: Real Estate – Landbank
Real Estate – Landbank Bandra, Mumbai (MHADA) – Slum Rehabilitation and Residential Development Project ▪ Om Infra (35% stake) along with a Consortium was allocated FSI on a plot of land for redevelopment (SRA) by MHADA in the year 2006 for Rs 106 Cr ▪ The FSI allotted allowed for development of ~20
Slide 19: Arbitration Awards Worth ~Rs 630 Cr
Arbitration Awards Worth ~Rs 630 Cr Amount Project Explanation Current Status (Rs Cr) Om Infra developed the 212 km road project in Jaipur Bhilwara Stretch. Private vehicles were made toll free effective 1-Apr-18 by the State Govt. and thus the Company terminated the concession agreement for breach
Slide 20: Financial Highlights
Financial Highlights
Slide 21: Key Highlights – FY23 (Consolidated)
Key Highlights – FY23 (Consolidated) Net Revenue (Rs Cr) EBITDA (Rs Cr) & EBITDA Margin Profit After Tax (Rs Cr) Engineering JJM 799 Real Estate 19% 14 Other 128 12 Total 44 44 13 10 347 14% 8 9 313 8 38 6 235 28 4 277 319 229 5% 2 0 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 • FY22 - EBITDA Margi
Slide 22: Profit & Loss – Continued Topline Growth
Profit & Loss – Continued Topline Growth Consolidated (Rs Cr) FY21 FY22 FY23 EBITDA Margin impacted by Net Sales 235.6 313.0 799.2 higher raw material prices, Raw Materials 129.5 197.9 423.4 mainly Steel, and the lag effect in pass through of cost Employee Expenses 20.9 25.4 29.7 escalations Other O
Slide 23: Balance Sheet – Reducing Non-Current Liabilities
Balance Sheet – Reducing Non-Current Liabilities Liabilities (Consolidated Rs Cr) Mar-21 Mar-22 Mar-23 Assets (Consolidated Rs Cr) Mar-21 Mar-22 Mar-23 Total Equity 627 661 683 Non-Current Assets 256 257 584 Share Capital 10 10 10 Property, Plant and Equipment 75 85 77 Other Equity 617 652 673 Capit
Slide 24: Stock Information
Stock Information 1 Year Stock Performance (Price-Volume) Share Holding Pattern (30-Jun-23) 70 27 24 60 21 50 18 28.3% 40 15 30 12 9 20 6 10 3 71.7% 0 0 01-Dec-22 27-Dec-22 01-Jun-23 27-Jun-23 06-May-23 19-Aug-22 14-Sep-22 17-Feb-23 10-Oct-22 18-Aug-23 05-Nov-22 22-Jan-23 23-Jul-23 15-Mar-23 10-Apr-
Slide 25: Thank You
Thank You Om Infra Limited Stellar IR Advisors Reena Jain, Company Secretary Pooja Sharma / Vishal Mehta cs@ommetals.com pooja.sharma@stellar-ir.com / vishal@stellar-ir.com 2nd floor, A Block, Om Tower, A-405, Kanakia Wall Street, Church Road, MI Road, Chakala, Andheri (East), Jaipur – 302 001 Mumba