Engineers India Limited · NSE:ENGINERSIN
Engineers India — FY2021-22 Earnings Presentation
48 slides from Engineers India's earnings presentation, May 27, 2022
Slide 1: Cover letter to stock exchanges
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Slide 2: Investor Presentation Annual Results FY 21-22
Investor Presentation Annual Results : FY 21-22 27th May 2022
Slide 3: Contents
Contents Page # 1 Overview of Engineers India Limited (“EIL”) 3 2 Track Record and Credentials 11 3 Financials and Order Book Overview 19 4 Major Order secured in FY 2020-21 31 5 Orders in hand and Outlook 36 2
Slide 4: Overview of Engineers India Limited (EIL)
1 Overview of Engineers India Limited (“EIL”)
Slide 5: Company Background
Company Background Marquee Projects India’s leading Engineering Consultancy & EPC -Navratna company Dangote Refinery & 1965 - Established as a JV between GoI and Bechtel. Petrochemical 1967 - Wholly owned GoI company Over 7000 assignments and Project worth over $ 200 Bn GGSR Refinery execute
Slide 6: Evolution & Key Milestones – Over 5 decades
Evolution & Key Milestones – Over 5 decades Wholly owned Commenced Expansion in Diversified into Commenced Buy back of EIL Government first Hydrocarbons Infrastructure services in sub- Shares in 2017 - INR of India (GoI) international value chain in 2001 surface crude 658 Cr company assi
Slide 7: Lines of Business
Lines of Business Fertilizer & Mining & Oil & Gas/ SPR Bio-fuels Gas/LNG Infra Gasification Metallurgy Airports & Water & Waste Ports & Clean Energy Urban Infra Defence Water Harbour ( H2) Diversified Portfolio: Involved in Nation Building since Inception 6
Slide 8: Service Offering - From Concept to Commissioning
Service Offering - From Concept to Commissioning Technology Licensing Process Design Project Management Conceptualization of Process Pre-feasibility studies Integrated Project Management services Process Modelling & simulation Technology and licensor selection Project Control - Planning
Slide 9: Modes of Contracts Managed
Modes of Contracts Managed Consultancy Contracts Front-end Engineering & Design 1 2 for complete definition of scope Engineering, Procurement and FEED for selection of EPC contractor Construction Management EPCM Project Management Services 3 Consultancy Services for PMC managing EPC contractor
Slide 10: Technology at the forefront of Consultancy Services
Technology at the forefront of Consultancy Services o R&D Center with multiple pilot and demo facilities at Gurugram o Developed more than 40 Process Technologies Delayed Coking & Vis- o 33 active Patents, 35 pending grant breaking o Technology collaboration with Research Aromatic Paraffin Wax Organ
Slide 11: Track record and Credentials
2 Track record and Credentials
Slide 12: Strong Track Record with diverse client base
Strong Track Record with diverse client base 91 Major Refinery Projects As of March 2022 incl 10 Green-field Projects 44 Oil & Gas 12 Major Petrochemical Projects Processing Projects 213 Offshore Projects including Process Platforms 51 Pipeline Projects 11 Fertiliser Projects BCIC BCPL 14 Ports & 40
Slide 13: Leadership Position in Refineries & Petrochemicals in India
Leadership Position in Refineries & Petrochemicals in India Milestones 20 out of 23 Refineries in India HMEL Petro Plant Bongaigaon Petro. Plant Pata Petro. Plant 1&2 have EIL Footprints HMEL- GGSR Refinery Installed 10 out of the 11 mega Panipat Refinery PUNJAB Guwahati Refinery petrochemical c
Slide 14: Increased Focus in Overseas Geographies
Increased Focus in Overseas Geographies Select Overseas Projects across various segments Sector Country Client Sector Country Client Refinery Nigeria Dangote Fertilizers Nigeria Indo Rama Refinery Bangladesh ERL Fertilizers Indonesia PAU Fertilizer Refinery Algeria Sonatrach Fertilizers Bangladesh B
Slide 15: EIL Manpower Resources
EIL Manpower Resources Qualification Count Personnel Experience Graduates in Engineering 2017 9.9% Post Graduates in Engineering 259 21% Doctorates in Engineering 13 20% Total Personnel with Engineering 2289 Qualification (Technical Manpower) 48.8% Other Professionals 130 0 to 10 10 to 20 20 to 30 3
Slide 16: Board of Directors
Board of Directors Board of Directors Smt. Vartika Shukla C&MD and Addl. Charge D(F) & D(T) Director Non-official Functional Director (Govt. Nominee) Independent Director Shri M Arulmurugan Shri Sunil Kumar Shri R. K. Sabharwal, D(C) Shri Deepak Mhaskey Ms. Karuna Gopal Vartakavi Shri S. K. Handa, D
Slide 17: Major Awards and Accolades (2021-22)
Major Awards and Accolades (2021-22) • 13th CIDC Vishwakarama Award 2022 for Best Construction Projects - Construction of Guru Gobind Singh Polymer Addition project of HPCL-MITTAL Energy Limited (HMEL) Bhatinda, Punjab • 13th CIDC Vishwakarama Award 2022 for Achievement Award for Construction HSE -
Slide 18: Major Awards and Accolades (2021-22)
Major Awards and Accolades (2021-22) • FIPI Oil & Gas Industry Awards 2021 in category ‘Woman Executive of the Year’ to Ms. Papia Mandal, Deputy General Manager (Structural) • SKOCH Order-of-Merit for R&D Project - ‘Development of Technology for Conversion of Furfural to Furfuryl Alcohol’ • 8th Gove
Slide 19: Financials and Order Book Overview
3 Financials and Order Book Overview
Slide 20: Financial and Operating Track Record - Consolidated
Financial and Operating Track Record - Consolidated Total Income (INR mn)* Revenue Segmentation* Consulting Turnkey 40,000 100% 80% INR mn 30,000 60% 20,000 40% 34,921 78% 33,329 30,427 56% 55% 26,981 44% 49% 51% 45% 51% 49% 20% 10,000 20,005 22% 0% 0 2017-18 2018-19 2019-20 2020-21 2021-22 2017-18
Slide 21: Financial and Operating Track Record - Consolidated
Financial and Operating Track Record - Consolidated EBITDA## Performance (INR mn)* 6,000 23% 25% 20% 4,000 15% 14% 12% 15% INR mn 10% 4,275 4,532 6% 2,000 3,756 3,441 5% 1,949 0 0% 2017-18 2018-19 2019-20 2020-21 2021-22 EBITDA (INR mn) - LHS EBITDA Margins (%) - RHS Note: All figures have been take
Slide 22: Financial and Operating Track Record - Consolidated
Financial and Operating Track Record - Consolidated Profitability (INR mn)* Earnings per Share – EPS (INR)* Return on Net Worth (%)* INR Mn INR INR mn 6,000 40% 30,000 80% 20.0 18.0 70% 35% 24,060 25,000 23,412 23,445 16.0 3,833 4,238 30% 60% 4,000 14.0 20,000 3,684 25% 17,507 17,700 50% 12.0 21% 20
Slide 23: Financial and Operating Track Record - Consolidated
Financial and Operating Track Record - Consolidated Dividend Distribution (INR mn)* INR Mn 7,500 140% 121% 120% 6,000 103% 100% 83% 88% 4,500 80% 79% 3,722 80% 80% 3,044 3,047 60% 3,000 45% 60% 1,686 40% 40% 1,500 1,124 20% 0 0% 2017-18 2018-19 2019-20 2020-21 2021-22 Gross Dividend incl. tax (INR)
Slide 24: Annual Performance Summary – Standalone
Annual Performance Summary – Standalone Rs Mn TURNOVER 2021-22 2020-21 2019-20 2018-19 2017-18 2016-17 Consultancy 14,575 13,833 15,653 13,494 13,793 11,650 Turnkey 14,129 17,214 16,377 10,949 4,083 2,836 Consultancy + Turnkey 28,704 31,047 32,030 24,443 17,876 14,486 Other Income 1,367 1,949 2,580
Slide 25: Quarterly Performance Summary – Standalone
Quarterly Performance Summary – Standalone Rs Mn TURNOVER Q1 Q2 Q3 Q4 H1 H2 9M Annual Consultancy – Domestic 2795.60 2841.71 3005.09 3078.77 5637.31 6083.86 8642.40 11721.17 Consultancy - Overseas 861.90 672.60 607.30 712.06 1534.50 1319.36 2141.80 2853.86 Consultancy Total 3657.50 3514.31 3612.39 3
Slide 26: Quarterly Performance Track Record - Standalone
Quarterly Performance Track Record - Standalone Total Income Consultancy Turnkey Other Income 10,000 8,000 7120 INR Mn 6,000 5255 4521 4785 4,445 4270 4,017 4,047 3,791 3,540 3697 3,651 3,452 3382 3,583 3,658 3691 3,514 3,612 4,000 2965 3203 2904 2,751 1927 2,000 583 655 657 685 497 533 480 440 477
Slide 27: Quarterly Performance Track Record – Standalone
Quarterly Performance Track Record – Standalone Segment Wise Operating Profit 1,745 Consultancy Turnkey 1,564 1,500 1,373 1,229 1,100 968 933 902 910 INR Mn 1,000 895 861 500 393 400 285 160 130 116 79 63 65 74 68 97 30 0 Q1 19-20 Q2 19-20 Q3 19-20 Q4 19-20 Q1 20-21 Q2 20-21 Q3 20-21 Q4 20-21 Q1 21-
Slide 28: Business Secured and Order Book – Standalone
Business Secured and Order Book – Standalone Rs Mn Business Secured FY 21-22 FY 20-21 Consultancy Turnkey FY 19-20 FY 18-19 FY 17-18 0% 1% 100% 0% Consultancy 16,515 14,550 8,119 14,942 13,572 22% (domestic) 80% Consultancy 60% 73% 356 1,011 8,053 911 3,036 (overseas) 100% 99% 100% 40% 78% Consultan
Slide 29: Orders Secured Break up - Standalone
Orders Secured Break up - Standalone Consultancy Vs LSTK Consultancy Domestic Vs Overseas Consultancy LSTK Domestic Overseas 1% 7% 99% 93% Consulting Total Orders Segmental Break up Segmental Break up 28.73% 28.97% HYDROCARBONS HYDRO INFRA INFRA METAL, POWER & 2.99% OTHERS 2.91% METAL, POWER & CHEMI
Slide 30: Order Book Break up - Standalone
Order Book Break up - Standalone OBP: Consultancy Vs LSTK OBP: Domestic Vs Overseas 11% 36% Consultancy Domestic Overseas LSTK 64% 89% Note : Data on unconsolidated basis 29
Slide 31: Capital Investments – as on Q4 FY 21-22
Capital Investments – as on Q4 FY 21-22 Description Investment 1 Investment 2 Investment 3 Investment 4 Name Ramagundam Fertilizer Project NELP IX : Two Upstream Assets Minority stake in LLC-BEO (Bharat Numaligarh Refinery Energy Office) (CB-ONN-2010 / 8) CB-ONN-2010 / 11 Ltd. Implemen- M/s Ramagund
Slide 32: Major Order secured in FY 2021-22
4 Major Order secured in FY 2021-22
Slide 33: Q4 FY 21-22 : Salient Orders Secured
Q4 FY 21-22 : Salient Orders Secured Service Contract Value Completion Project scope Client Award Date Type (Rs. Million) Date Domestic Noida International Independent Engineer (IE) Services for Noida Consultancy Airport Limited 139 Jan 2022 Jan 2025 International Airport, Jewar (NIAL) Third Party A
Slide 34: Q3 FY 21-22 : Salient Orders Secured
Q3 FY 21-22 : Salient Orders Secured Service Contract Value Completion Project scope Client Award Date Type (Rs. Million) Date Domestic Project Management Consultant for Two LNG Petronet LNG Ltd Consultancy Storage tanks at Dahej LNG terminal 275 Oct 2021 June 2025 (PLL) (Gujarat) Overseas FEED Engi
Slide 35: Q2 FY 21-22 : Salient Orders Secured
Q2 FY 21-22 : Salient Orders Secured Service Contract Value Completion Project scope Client Award Date Type (Rs. Million) Date Domestic PMC Services for De-Bottlenecking and Bharat Petroleum Consultancy Augmentation of Cryogenic Facilities of BPCL Corporation Limited 654 Jul 2021 Apr 2024 LPG Import
Slide 36: Q1 FY 21-22 : Salient Orders Secured
Q1 FY 21-22 : Salient Orders Secured Service Contract Value Completion Project scope Client Award Date Type (Rs. Million) Date Domestic Assam Bio Refinery Change Order EPCM Services for Bio-Refinery Project at Consultancy Private Limited 490 considered in June 2022 Numaligarh (Change Order) (ABRPL)
Slide 37: Orders in Hand and Outlook
Orders in Hand and Outlook > ENGINEERS sean felfates SS INDIA LIMITED
Slide 38: Major Ongoing Projects
Major Ongoing Projects Project Client Project Location Refinery Projects Cauvery Basin Refinery (CBR) Project – 9 MMTPA CPCL Nagapattinam, Tamil Nadu (Package - EPCM-1 with MPMC and EPCM-3 Services ) Panipat Refinery Expansion (15 to 25 MMTPA) IOCL Panipat Visakh Refinery Modernization Project HPCL
Slide 39: Major Ongoing Projects
Major Ongoing Projects Project Client Project Location Petrochemical Project PP Unit GAIL Pata Guru Gobind Singh Polymer Addition Project HMEL Bhatinda 500 KTPA Petrochemical Project GAIL Usar Methanol & Formalin Plant APL Namrup, Assam HPG-2, Butene-1 and PSA Units BCPL Lepetkata Pipeline Projects
Slide 40: Major Ongoing Projects
Major Ongoing Projects Project Client Project Location LNG / LPG Cavern 80,000 MT LPG Cavern HPCL Mangalore LNG Import, Storage & Regasification Terminal Project HSEPL Chhara, Gujarat De-Bottlenecking and Augmentation of Cryogenic Facilities - LPG BPCL Uran Import Terminal Infrastructure Projects En
Slide 41: Major Ongoing Projects
Major Ongoing Projects Project Client Project Location Overseas Projects Eastern Refinery Limited Unit –II Project BPC Bangladesh Dangote Refinery & Petrochemical Project DORC Nigeria Crude Oil Refinery in Mongolia Mongol Refinery Mongolia 40
Slide 42: Global Oil Outlook & Refining Capacity Outlook India
Global Oil Outlook & Refining Capacity Outlook India Globally Oil demand increased above its pre-COVID-19 level, continued investment in new upstream oil and gas is foreseen over next 30 years. Growth in liquefied natural gas plays a central role in increasing emerging markets’ access to natural gas
Slide 43: India's Chemical industry: Unleashing the next wave of growth
India’s Chemical industry: Unleashing the next wave of growth The Indian chemicals industry is highly diversified, covering >80,000 products and employing >2 million people. The chemical industry is expected to contribute US$ 300 billion to India’s GDP by 2025. A 2034 vision for the chemicals and pe
Slide 44: Key Sectors Driving Growth
Key Sectors Driving Growth 3. Increasing urbanisation and population is driving the demand for safe drinking Water. Har Ghar Nal Se Jal Yojana by GoI is leading to increased pipeline network at Urban & 2. Increased demand being witnessed Rural Centres. Rising awareness is driving growth for Water fo
Slide 45: Opportunities In Diversified Sectors
Opportunities In Diversified Sectors PMAY: Urban Housing Renewables & Alternative Fuels Pradhan Mantri Aawas Yojana – Urban (PMAY- Indian Renewable Energy Market to exhibit a CAGR of U), Housing for All by 2022 – has received a record-high >10% during the forecast period of 2022-2027. allotment
Slide 46: Avenues for Growth – Towards 5K25
Avenues for Growth – Towards 5K25 Alliances in Core Collaborative and Diversified Technology sectors for Growth Focused Development Alliances to Diversification in Expand in Middle Net Zero Green breach entry Biofuels, Defense, East, Africa, Centr technologies barriers Consolidate core
Slide 47: Disclaimer
Disclaimer This presentation report is for distribution only under such circumstances as may be permitted by applicable law. It is published solely for information purposes, it does not constitute an advertisement and is not to be construed as a solicitation or an offer to buy or sell any securities
Slide 48: Thank You
THANK YOU