Kec International Ltd. · NSE:KEC
Kec International — Q3 FY23 Earnings Presentation
26 slides from Kec International's earnings presentation, Feb 1, 2023
Slide 1: Cover letter to stock exchanges
KEC INTERNATIONAL LTD. RPG House 463, Dr. Annie Besant Road Worli, Mumbai 400030, India +91 22 66670200 kecindia@kecrpg.com www.kecrpg.com January 31, 2023 National Stock Exchange of India Limited BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Fort Bandra (Ea
Slide 2: Financial Performance for Quarter & Nine Months Ended 31 December 2022
KEC INTERNATIONAL LTD. RPG House 463, Dr. Annie Besant Road Worli, Mumbai 400030, India +91 22 66670200 kecindia@kecrpg.com www.kecrpg.com FINANCIAL PERFORMANCE FOR QUARTER & NINE MONTHS ENDED 31 DECEMBER 2022 KEC delivers Robust Revenue growth of 31% YoY in Q3 FY23 and 24% YoY in 9M FY23 YTD Order
Slide 3: Standalone Financial Performance and Order Intake
Standalone Financial Performance: Q3 FY23 v/s Q3 FY22 9M FY23 v/s 9M FY22 (Excluding Exceptional Item*) Revenue: Rs. 3,868 crore against Rs. 3,001 crore Revenue: Rs. 10,452 crore against Rs. 8,696 crore EBITDA: Rs. 180 crore against Rs. 307 crore EBITDA: Rs. 644 crore against Rs. 847 crore EBITDA Ma
Slide 4: Consolidated Net Working Capital and CEO comment
Consolidated Net Working Capital: Net Working Capital (NWC) stands at 139 days as on 31st Dec’22 – Reduction of 9 days vis-à-vis 30th Sep’22 and reduction of 2 days vis-à-vis 31st Dec’21. Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We have delivered a robust growth in revenues.
Slide 5: KEC International Limited – Q3 FY23
KEC International Limited Investor Presentation – Q3 FY23 3 1 J a nua ry 2 0 2 3 Power T & D Railways Civil Cables Solar Smart Infra Oil & Gas Pipelines
Slide 6: Disclaimer
Disclaimer This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures,
Slide 7: Overview – RPG Group & KEC International
1 Overview – RPG Group & KEC International 400 kV Padma River Crossing Transmission Line, Bangladesh 3
Slide 8: RPG Group: Powered by Passion, Driven by Ethics
RPG Group: Powered by Passion, Driven by Ethics UNLEASHTALENT RPG Enterprises was founded in 1979. The group currently operates various businesses in Infrastructure, Technology, Life Sciences, Plantations and Tyre industries. The group has business TOUCHLIVES history dating back to 1820 AD in bankin
Slide 9: KEC International: Building Infrastructure for the World of Tomorrow
KEC International : Building Infrastructure for the World of Tomorrow Transmission Oil & Gas Railways Civil Cables Solar Smart Infra & Distribution Pipelines 7+ FOOTPRINT IN 110+ 290+ $1.8 8 9000+ 35+ DECADES BILLION ONGOING MANUFACTURING OF EXPERIENCE COUNTRIES FACILITIES EMPLOYEES NATIONALITIES &
Slide 10: Diverse Portfolio of Offerings
Diverse Portfolio of Offerings Transmission lines Substations Underground Cabling Solar Plant Smart City OHE Track Laying S&T Railway bridges Stations & Platforms Metros - Tech Tunnel Ventilation Depot & Workshops Speed Upradation TCAS - Kavach Factories Buildings Metros – Viaduct & Stations Water E
Slide 11: Board of Directors
Board of Directors H. V. Goenka Chairman, Non Executive Director Vimal Kejriwal A. T. Vaswani D. G.Piramal G. L. Mirchandani M.S. Unnikrishnan Managing Director Non Executive Non Executive Non Executive Non Executive & CEO Independent Director Independent Director Independent Director Independent Di
Slide 12: Management Team
Management Team Vimal Kejriwal Managing Director & CEO Rajeev Agarwal Neeraj Nanda Anand Kulkarni Kaushal Kodesia Manjit Singh Sethi Chief Financial Officer President – South Executive Director – Executive Director – Executive Director – Asia (T&D, Solar & Business Operations Railways Cables Smart I
Slide 13: Key Performance Highlights
2 Key Performance Highlights Viaduct under construction at Delhi Metro project 9
Slide 14: Performance Snapshot – Q3 FY23
Performance Snapshot – Q3 FY23 Revenues • Robust Consolidated growth YoY; 31% in Q3 and 24% in H1 • Healthy growth in both T&D as well as Non T&D businesses Order Book • YTD order intake growth of 10% – YTD order inflows Rs. 15,554 Cr - Led by T&D, Civil and Railways • Highest ever Order Book + L1 P
Slide 15: Key Business Highlights – Q3 FY23
Key Business Highlights – Q3 FY23 T&D Railways Civil • Achieved Revenues of Rs. 2,259 Cr. in Q3, • Delivered Revenues of Rs. 897 Cr in Q3 • Exponential Growth trajectory continues stellar growth of 40% YoY Revenues of Rs. 845 Cr, growth of 75% YoY • Uptick in order intake –YTD orders of ~Rs. • YTD o
Slide 16: Financial Performance
3 Financial Performance Data Centre project in Hyderabad, Telangana 12
Slide 17: Profit and Loss Summary (Consolidated)
Profit and Loss Summary (Consolidated) Q3 9M (₹ crore) Particulars Growth Growth FY23 FY22 FY23 FY22 (Y-o-Y) (Y-o-Y) Revenues 4,375 3,340 31% 11,757 9,467 24% EBITDA 200 239 -16% 546 652 -16% EBITDA Margins 4.6% 7.2% 4.6% 6.9% (+) Other Income 2 5 26 10 (-) Depreciation 41 39 120 116 (-) Interest 14
Slide 18: Profit and Loss Summary (Standalone)
Profit and Loss Summary (Standalone) Q3 9M (₹ crore) Particulars Growth Growth FY23 FY22 FY23 FY22 (Y-o-Y) (Y-o-Y) Revenues 3,868 3,001 29% 10,452 8,696 20% EBITDA 180 307 -41% 644 847 -24% EBITDA Margins 4.7% 10.2% 6.2% 9.7% (+) Other Income 3 8 28 13 (-) Depreciation 32 31 95 90 (-) Interest 123 7
Slide 19: Businesswise Revenue Performance (Consolidated)
Businesswise Revenue Performance (Consolidated) (₹ crore) Q3 9M Business Verticals Growth Growth FY23 FY22 FY23 FY22 (Y-o-Y) (Y-o-Y) T&D: 2,272 1,620 40% 6,037 5,008 21% - T&D (KEC) 1,927 1,400 38% 5,106 4,377 17% - SAE Towers 345 220 57% 931 631 48% Non T&D: 2,269 1,886 20% 6,150 4,905 25% - Railwa
Slide 20: Borrowings & Working Capital (Consolidated)
Borrowings & Working Capital (Consolidated) Increase/ Increase/ (₹ crore) Particulars 31-Dec-22 31-Dec-21 (Decrease) 30-Sep-22 (Decrease) YoY QoQ I) Net Debt 3,432 2,913 519 3,548 -115 II) Interest Bearing Acceptances 2,185 1,938 247 2,372 -187 Total (I + II) 5,617 4,851 766 5,919 -302 ❑ With dedica
Slide 21: Order Intake & Order Book (Consolidated)
Order Intake & Order Book (Consolidated) Order Intake – YTD FY23 Order Book – YTD FY23 T&D : 36% SAE : 9% T&D: 40% SAE : 6% 5% 2% 3% 3% 1% 6% 2% 17% 19% Order Intake Order Book Rs 15,554 Crs 45% Rs 28,981 Crs 46% (Growth of ~10%) (Growth of ~19%) 23% 28% T&D Civil Railways Cables Solar Oil & Gas T&D
Slide 22: Business Outlook – Exciting Times Ahead
Business Outlook – Exciting Times Ahead • Revival in outlook of SAE Towers • Government’s continued focus on Infrastructure • Civil will continue to be largest growth driver • Return of Private capex • Green Hydrogen mission leading to • Enhanced GCC capex backed by high increase in projects for sol
Slide 23: Environmental, Social and Governance (ESG)
4 Environmental, Social and Governance (ESG) Solar rooftop installed at Dubai plant 19
Slide 24: ESG & Sustainability Goals and Status
ESG & Sustainability Goals and Status Happiness Diversity & Occupational Corporate Social Quotient Inclusion Heath & Safety Responsibility Target: Increase Happiness Target: Increase in diversity by Target: Work towards the Target: Reach 2 lac CSR Quotient to 85% by FY26 25% by FY26 goal of achievin
Slide 25: Sustainability Roadmap – Key Initiatives and Approach
Sustainability Roadmap – Key Initiatives and Approach • Launched LIT Network (Listen, Inspire & Talk) • Improving efficiency of Acid Recovery Plant to enabling KEC’s community building. Self help eliminate Acid sludge generation Happiness Circularity groups driving solutions on sensitive themes like
Slide 26: Thank You
THANK YOU Global Footprint in 100 countries* *Includes EPC and Supply Follow us on: Registered Office RPG House, 463, Dr. Annie Besant Road, Worli, Mumbai - 400 030. Phone: +91-22-6667 0200 Email: kecindia@kecrpg.com www.kecrpg.com