Vascon Engineers Limited · NSE:VASCONEQ
Vascon Engineers — Q4 FY2022 Earnings Presentation
23 slides from Vascon Engineers's earnings presentation, May 2022
Slide 1: Investor Presentation | May 2022
“Persistent to create better tomorrow” Investor Presentation | May 2022
Slide 2: Disclaimer
Disclaimer ➢ This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vascon Engineers Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any sec
Slide 3: Key Business Highlights
1,832 Crs. 1,774 Crs Total Order Book External EPC Order Book Forming healthy Order Book of 4.5x Higher contribution by Government FY22 EPC revenues projects FY22: ~85% 32,210 Sqft Govt. Project (%) Real Estate KEY BUSINESS HIGHLIGHTS Providing visibility of faster execution New Sales Booking in FY2
Slide 4: Key Developments
Key Developments Upgradation of credit rating • Long Term Bank Facilities: Ratings Upgraded to ACUITE BBB from ACUITE BBB- • Long Term Non-Convertible Debentures: Ratings Upgraded to ACUITE BBB from ACUITE BBB- • Short Term Bank Facilities: Ratings Upgraded to ACUITE A3+ from ACUITE A3 Proceeds of H
Slide 5: Execution Momentum pacing up…
Execution Momentum pacing up… REVENUE FROM OPERATIONS (RS. CRS) 166 In Q4FY22, strong execution continue across EPC Projects 153 135 119 105 All projects are operating at an optimum level, which enabled faster project execution and resulted in better 78 revenue generation Execution to gather momentu
Slide 6: Debt Repayment of Rs. 57 crores since Mar-21
Debt Repayment of Rs. 57 crores since Mar-21 Particular (Rs. in Crs) Mar-22 Dec-21 Sep-21 Mar-21 Mar-20 Vascon Engineers SBI / UBI / CSB 57.32 68.72 75.35 58.76 66.48 Kotak RE Fund 23.35 23.35 54.89 70.69 103.83 JM Finance 24.09 24.22 24.19 24.74 17.62 ICICI HFC 7.43 7.72 8 8.54 9.51 Zero Coupon-NCD
Slide 7: Charting towards higher Growth Trajectory
Charting towards higher Growth Trajectory Robust Order Book Improved Capacity Higher Cashflow Strengthening the Utilization Generation Balance Sheet The Order Book has Execution of Current Leading to improved Repayment of debt by grown 2x from FY19, Order Book to enhance Profitability thereby, incre
Slide 8: P&L Highlights- Q4 & FY22
P&L Highlights- Q4 & FY22 Standalone Consolidated Particulars (Rs. Crs) Q4 FY22 Q4 FY21 FY22 FY21 Q4 FY22 Q4 FY21 FY22 FY21 Revenue 148.16 133.79 462.65 357.23 216.58 189.57 656.86 505.77 Other Income 4.92 1.46 53.71 11.23 5.35 2.20 53.21 12.41 Total Income 153.08 135.25 516.36 368.46 221.93 191.77
Slide 9: FY22- Segmental Profit & Loss - after allocation
FY22- Segmental Profit & Loss - after allocation Inventorised / Particulars (Rs. Cr) RE# EPC## GMP Total Unallocable Revenue 75.22 442.55 194.29 712.06 Cost of Sales 60.98 372.36 130.24 4.93 568.51 Gross Profit 14.24 70.19 64.05 143.55 Gross Profit Margin % 19% 16% 33% 20% Other Income 4.34 6.30 3.0
Slide 10: Balance Sheet- Consolidated
Balance Sheet- Consolidated Rs. Crs Mar - 22 Mar– 21 Rs. Crs Mar– 22 Mar– 21 Non-current assets 313.29 314.99 Shareholder’s Fund 824.13 709.16 Fixed assets 94.25 98.72 Share capital 217.32 182.14 Financial Assets 175.53 182.19 Other Equity 594.04 517.02 Non-Controlling Interest 12.77 10.00 Other Non
Slide 11: Business Overview
Z 0 o Re > BUSINESS OVERVIEW
Slide 12: Vascon – At a Glance
Vascon – At a Glace ENGINEERING PROCUREMENT & CONSTRUCTION REAL ESTATE DEVELOPMENT One of the leading EPC Company in India Focus on Mid-Range Housing Project of the leading EPC Company in India 50 Mn 200+ 30+ 30+ SQ. FT. OF PROJECTS PROJECTS YEARS OF PRESENCE DELIVERED DELIVERED EXPERIENCE ACROSS IN
Slide 13: EPC Business- Overview
EPC Business- Overview ➢ Construction Experience across various verticals ▪ Executed over 200 projects with construction area of over 50 msft ➢ Ability to execute around 8 msft per annum ▪ Currently executing around 3.7 msft p.a. – operating at 90% utilization ▪ Number of Personnel in Project / Engi
Slide 14: Marquee Clients
Marquee Clients MAINTAINING CONSISTENT QUALITY STANDARDS ENSURING REPEAT ORDERS 14 14
Slide 15: Order Book Build-Up & Key Orders
Order Book Build-Up & Key Orders Amt (Rs. Project Location Cr) (In Rs. Cr) External Order book 90 Mumbai police Staff quarters Mumbai 314 107 Raj Bhavan (Chief Minister) House Raipur 220 58 Medical Colleges with District Hospital, Kasuhambi, UP 220 Kaushambi Medical Colleges with District Hospital,
Slide 16: Real Estate Development
Z 0 o Re > REAL ESTATE DEVELOPMENT
Slide 17: Real Estate Business
Real Estate Business BRAND EQUITY Landmark developments (Windermere, Forest County and Willows) have established the Brand Vascon in Pune Market END-TO-END CAPABILITIES In-house Design and Construction team gives us a unique advantage over other Real Estate Developers LOW OPERATING COST Flat organiz
Slide 18: Successfully launched Real estate projects
Successfully launched Real estate projects REAL ESTATE SALES (RS CR) Vascon Dev. Area Projects Launch Status Share (msft) 116 120 Forest Edge (JV) A 50% 0.08 18-Jan Fully Sold Forest Edge (JV) B 50% 0.08 19-Sep Fully Sold Windermere (JV)# 45% 0.39 18-Mar 77% sold 35 Windermere Bunglow 100% 0.012 20-
Slide 19: Current Real Estate Projects Under Development
Current Real Estate Projects Under Development Total Vascon Share Project Name Location Vascon Share Project Area Rev. Sale Value Collection Sale Value Collection Area Sold Recognized Type Share msft msft Rs. Cr Rs. Cr Rs. Cr Rs. Cr Rs. Cr Forest Edge (A&B) Pune JV 50% 0.16 0.15 109 83 55 42 26 Fore
Slide 20: Real Estate Projects – Pipeline (launches in Near-term)
Real Estate Projects – Pipeline (launches in Near-term) Sr. No. Projects Type Segment Total Vascon Share Saleable Expected Saleable Expected Area Sales Value Area Sales Value msft (Rs. in Cr) msft (Rs. in Cr) 1 Coimbatore JDA Residential 0.3 195 0.21 136 2 Madurai JDA Residential 0.49 220 0.37 165 3
Slide 21: Real Estate Projects – Pipeline (other projects)
Real Estate Projects – Pipeline (other projects) Sr. No. Projects Type Segment Total Expected Saleable Area Sales Value msft (Rs. in Cr) 1 Kalyani Nagar - Comm JDA Commercial 0.3 330 2 Kalyani Nagar JDA Residential 0.5 550 Total 0.8 880 21 21
Slide 22: Focus on Liquidity Management
Focus on Liquidity Management • RAISED RS 70 CR THROUGH PREFERENTIAL ISSUE • SOLD STAKE HELD IN HOTELS AT GOA FOR CONSIDERATION OF RS. 45.50 CRS REMAINING NON-CORE ASSETS IDENTIFIED FOR SALE • COMMERCIAL PROPERTY AT KALEDONIA, ANDHERI (E) • 9 ACRE LAND PARCEL IN AURANGABAD • GMP TECHNICAL SOLUTIONS
Slide 23: Towards Newer, Bigger Milestones
TOWARDS NEWER, BIGGER MILESTONES LET’S CONNECT Mr. Pankaj Jain Mr. Gaurang Vasani/ Ms. Pooja Sharma pankaj@vascon.com vgaurang@stellar-ir.com Pooja.sharma@stellar-ir.com Vascon Weikfield Chambers, Pune - 411014 Kanakia Wall Street, Andheri (East), Mumbai 400 093 Visit: www.vascon.com