Psp Projects Ltd · NSE:PSPPROJECT
Psp Projects — Q4 FY2023 Earnings Presentation
41 slides from Psp Projects's earnings presentation, May 2023
Slide 1: Investor Presentation Q4FY23 & FY23
Investor Presentation Q4FY23 & FY23 May 2023 www.pspprojects.com ©2021 – PSP Project Ltd., All Rights Reserved. 1
Slide 2: Contents
Contents 01 PSP Projects Limited - Build to Last: The growth story In a Nutshell 02 A look at the quarter gone by 03 Indian Construction Industry 04 The drivers that transcended PPLs growth since inception 05 Precast Facility: Enhancing capabilities. Exploring newer technologies. 06 Investment Ratio
Slide 3: PSP Projects Limited – Build to Last
PSP Projects limited – Build to Last The growth story in a Nutshell ▪ Incorporated in 2008, successfully led by First Generation Civil As on 31 March 2023 engineer having 37 years of experience. ▪ India based construction company offering a diversified range 1,833 of construction and allied services
Slide 4: A Look at the Quarter gone by
A Look at the Quarter gone by www.pspprojects.com ©2021 – PSP Project Ltd., All Rights Reserved. 4
Slide 5: Financial Performance during Q4FY23 & FY23
Financial Performance during Q4FY23 & FY23 Q4FY23 Standalone Highlights Revenue from Operations1 (₹ crore) EBIDTA1 (₹ crore) & EBITDA Margin (%) PAT1 (₹ crore) & PAT Margin (%) 16% 9% 100 18% 60 10% 90 11% 16% 6% 9% 727 12% 50 7% 88 52 80 8% 14% 78 46 70 7% 12% 40 555 60 6% 497 10% 50 62 8% 30 35 5%
Slide 6: Standalone Profit & Loss: Q4FY23 & FY23
Standalone Profit & Loss : Q4FY23 & FY23 Particulars (₹ Lakhs) Q4 FY23 Q4 FY22 Y-o-Y Q3 FY23 Q-o-Q FY23 FY22 Y-o-Y Revenue from Operations 72,741.00 55,534.22 31% 49,739.28 46% 1,92,664.91 1,74,875.88 10% Cost of materials consumed including WIP 22,600.16 14,408.79 16,881.32 57,734.61 49,996.22 Cons
Slide 7: Standalone Balance Sheet: FY23
Standalone Balance Sheet : FY23 Particulars (₹ Lakhs) FY23 FY22 FY21 Particulars (₹ Lakhs) FY23 FY22 FY21 ASSETS Equity Non current Assets (a) Equity Share Capital 3,600.00 3,600.00 3,600.00 (a) Property, Plant and Equipment 23,840.57 20,601.82 11,494.34 (b) Other Equity 76,382.54 64,871.52 50,199.2
Slide 8: Management Commentary on Key Highlights
Management Commentary on Key Highlights • FY23 has been a memorable year for the company from the perspective of addition of highest ever order inflow and for being eligible for bidding for We continued to grow organically by higher value projects of up to ₹2,500 crore. This is a big milestone for a
Slide 9: Annual Financial Performance
Annual Financial Performance Revenue from Operations1 (₹ Crore) EBITDA1 (₹ Crore) PAT1 (₹ Crore) #CAGR : 21% #CAGR : 17% #CAGR : 16% 161 257 1,927 225 129 133 1,749 191 1,499 1,241 149 90 135 81 1,044 64 101 730 FY18 FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22 FY2
Slide 10: Business Robustness in Numbers
Business Robustness in Numbers EBITDA / Revenue from Operations Profit After Tax / Total Revenue EBITDA Margin% PAT Margin% 14.3% 14.7% 13.9% 12.7% 11.7% 10.9% 9.1% 8.6% 8.5% 8.5% 6.4% 6.8% FY18 FY19 FY20 FY21 FY22 FY23 FY18 FY19 FY20 FY21 FY22 FY23 ©2021 – PSP Project Ltd., All Rights Reserved. 10
Slide 11: Prudent Working Capital Cycle in Construction Space
Prudent Working Capital Cycle in Construction Space ▪Despite the business being WC intensive, PSP Projects has 82 industry’s best working capital cycle of 41 days. 76 70 65 65 55 55 54 53 50 41 29 26 26 28 24 26 21 17 15 FY19 FY20 FY21 FY22 FY23 Inventory (Days) Receivable (Days) Payable (Days) Work
Slide 12: Along with comfortable Leverage Position
Along with comfortable Leverage Position ▪Comfortable leverage at 0.18 times (FY23), providing adequate room to raise debt in future. FY19 FY20 FY21 FY22 FY23 Total Debt (₹ crore) 26 75 81 100 145 Networth (₹ crore) 371 457 538 685 800 Debt-Equity (x) 0.07 0.16 0.15 0.15 0.18 Particulars (₹ Lakhs) F
Slide 13: Indian Construction Industry
Indian Construction Industry www.pspprojects.com ©2021 – PSP Project Ltd., All Rights Reserved. 13
Slide 14: An Important growth driver of India's Economy
An Important growth driver of India’s Economy Initiatives taken by GoI to bolster growth in construction sector 8% Governments Push FDI Inflow Construction Industry’s ▪ Under Budget 2023-24, capital investment outlay for infrastructure increased by 33% to ₹ 10 lakh crore, 3.3% of GDP; comprising 3x
Slide 15: Drivers that transcended PPLs growth since inception
Drivers that transcended PPLs growth since inception www.pspprojects.com ©2021 – PSP Project Ltd., All Rights Reserved. 15
Slide 16: Hybrid Approach with presence in Private and Public projects
Hybrid Approach with presence in Private and Public projects Industrial Projects Institutional Projects Government Projects Government Residential Projects Construction of industrial buildings Construction of buildings for Undertake various challenging and Residential Projects Construction of privat
Slide 17: Robust Order Book and Growing Pre-Qualification Credentials
Robust Order Book and Growing Pre-Qualification Credentials Growing Order Book1 (₹ crore) Work on hand across Private and Public Projects As on FY23 5,052 4,324 12% 4,121 2,978 3,074 2,559 22% 52% FY18 FY19 FY20 FY21 FY22 FY23 ▪ As on FY23, the total order inflow is ₹ 3,420.86 crore 11% against the
Slide 18: Confidence to replicate the Success Story outside Home State
Confidence to replicate the Success Story outside Home State ▪ Being headquartered in Ahmedabad, not only is the company strategically located in the core market of Gujarat but have Growing Geographical Footprint gradually expanded its presence to six different states of India, establishing a pan-In
Slide 19: Belief, Trust and Support of Customers
Belief, Trust and Support of Customers Proven Track Record Ethics & Trust Biggest Project In delivering projects on-time and quality Strong work Ethics makes PSP a projects, the faith and confidence rested by the favourable and preferred choice Surat Diamond Bourse clients can be assessed by esteeme
Slide 20: Clientele with High Quality Business
Clientele with High Quality Business Work on Hand as on 31 March 2023 - (Major Projects) | [₹ Crore] Outstanding Description of Project Location Name of the Client Contract value Contract Value SMC Highrise building Gujarat Municipal Corporation 1,344 1,275 Medical Colleges & Hospital at 7 Locations
Slide 21: The Team that made PPL fulfil its ambitions
The Team that made PPL fulfil its ambitions Ably Supported by Experienced Professionals Mahesh Patel Maulik Patel Hetal Patel Viplav Shah Pratik Thakkar Senior Vice President - Operations Vice President - Procurement Chief Financial Officer Vice President - Planning General Manager - BD ▪ Holds a di
Slide 22: Leadership and Management
Leadership and Management Prahaladbhai Patel Pooja Patel Sagar Patel Sandeep Shah Vasishtha Patel Achala Patel Chairman, MD and CEO Whole Time Director Executive Director Independent Director Independent Director Independent Director ▪ Bachelor’s degree in civil ▪ Bachelor’s degree in civil ▪ Bachel
Slide 23: 15 years of journey of Constructing Buildings
15 years of journey of Constructing Buildings Started Operations in Uttar Pradesh with a Awarded to construct SAP Implementation marquee projects tallest temple in the "Beautification of Sri world Kashi Vishwanath Started Operations Awarded to construct Dham" in Karnataka & tallest residential Start
Slide 24: Precast Facility
Precast Facility Enhancing captive capabilities. Exploring newer technologies A state-of-the-art manufacturing plant of precast concrete building. Benefits of Precast Production Capacity Manufacturing Facility Phase I 1 Mn. Sq. ft. ▪ Reduces labour-intensive traditional building methods by way of ma
Slide 25: Precast Factory
Precast Factory ©2021 – PSP Project Ltd., All Rights Reserved. 25
Slide 26: Investment Rationale
Investment Rationale One-stop shop solution construction company present throughout the value chain starting from planning, design, construction and post-construction services including MEP work and other interior fit-outs which provides us with several opportunities, faster project turnaround time
Slide 27: Project Profile
Project Profile Prominent Projects Completed in FY23 PALLADIUM MALL, AHMEDABAD BSE BROKER'S FORUM AT GIFT PUNISKA HOUSE WAGH BAKRI PLANT CORPORATE HOUSE INDIAN POTASH HOUSE ©2021 – PSP Project Ltd., All Rights Reserved. 27
Slide 28: Landmark Projects – Kashi Vishwanath Dham
Landmark Projects – Kashi Vishwanath Dham ©2021 – PSP Project Ltd., All Rights Reserved. 28
Slide 29: Landmark Projects – Surat Diamond Bourse
Landmark Projects – Surat Diamond Bourse Actual images ©2021 – PSP Project Ltd., All Rights Reserved. 29
Slide 30: Prominent Projects – Smart City
Prominent Projects – Smart City Prestige Fintech IBIS Hotel by Brigade Tallest Residential in GIFT City World Trade Center BSE Brokers Forum Brigade International Finance Center The Signature by Hiranandani ©2021 – PSP Project Ltd., All Rights Reserved. 30
Slide 31: Prominent Projects
Prominent Projects NOODLE FACTORY PROJECT IN GUJARAT SPORTS COMPLEX FOR AHMEDABAD UNIVERSITY HOSPITAL PROJECT IN UDAIPUR RAJASTHAN INTERIOR FIT-OUT AT LEELA HOTEL, GANDHINAGAR ZYDUS HOSPITAL, BARODA AUDA LIBRARY, AHMEDABAD ©2021 – PSP Project Ltd., All Rights Reserved. 31
Slide 32: Prominent Projects
Prominent Projects ZYDUS HOSPITAL SITAPUR (EPC PROJECT) MEDICAL COLLEGE & HOSPITAL AT DAHOD (EPC PROJECT) BEAUTIFICATION OF AHMEDABAD C.G.ROAD R&D AND RESEARCH CENTERS IN GUJARAT ©2021 – PSP Project Ltd., All Rights Reserved. 32
Slide 33: Prominent Projects
Prominent Projects COMMERCIAL BUILDING AT GIFT CITY ZYDUS CORPORATE HOUSE AT AHMEDABAD PUNISKA HEALTHCARE PLANT BANGALORE MILK UNION DAIRY PLANT AT GRAND MERCURY HOTEL AT GIFT CITY MEDICAL COLLEGE AND HOSPITAL FOR KANAKPURA, KARNATAKA FOR BRIGADE GROUP DHARAMSINGH DESAI UNIVERSITY (DDU) ©2021 – PSP
Slide 34: Prominent Projects
Prominent Projects BRIGADE INTERNATIONAL GOVERNMENT OFFICE BUILDING RIVER FRONT DEVELOPMENT HOSPITAL PROJECT FINANCIAL CENTRE AT GIFT CITY ZYDUS HOSPITALS DAIRY PROJECT AFFORDABLE HOUSING PROJECT GOVERNMENT PROJECT ©2021 – PSP Project Ltd., All Rights Reserved. 34
Slide 35: Key Strategies
Key Strategies www.pspprojects.com ©2021 – PSP Project Ltd., All Rights Reserved. 35
Slide 36: Building is my passion
Key Strategies Building is my Focus on Building construction (commercial, residential, industrial & institutional) passion Strengthen our Leverage our position Mr. Prahaladbhai Patel human capital as a fast-growing Chairman, MD and CEO construction company in India Enhance our project Expand our geo
Slide 37: Awards and Recognition
Awards and Recognition www.pspprojects.com ©2021 – PSP Project Ltd., All Rights Reserved. 37
Slide 38: Awards and Recognition
Awards and Recognition PSP Projects Ltd has been awarded as Fastest Growing Construction Company (below 2000 Cr Category) for 3rd consecutive year in a row during the Construction World Annual Awards 2022 PSP Projects Ltd has been awarded National Safety Awards 2022 PSP Projects Ltd has been awarded
Slide 39: Awards and Recognition
Awards and Recognition PSP Projects Ltd has been awarded as 2nd Fastest Growing Construction Company (below 2000 Cr Times Inspiring Entrepreneur Award for the Fastest Patidar Udhyog Ratna Award by Sardardham 2020 Category) during the Construction World Annual Growing Construction Company of the Year
Slide 40: Safe Harbor Statement
Safe Harbor Statement This document does not constitute or form part of and should not be construed as an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company or any of its subsidiaries or its joint ventures or affiliates in any jurisdiction or as an ind
Slide 41: Thank You
For more information please contact: PSP Projects Limited Hetal Patel ✉ grievance@pspprojects.com Ernst & Young LLP Krishna Patel / Vikash Verma ✉ krishna.patel2@in.ey.com ✉ vikash.verma1@in.ey.com Thank You PSP Projects Limited ‘PSP House’, Opp. Celesta Courtyard, Opp. Lane of Vikramnagar Colony, I