Man Infraconstruction Limited · NSE:MANINFRA
Man Infraconstruction — FY2022 Earnings Presentation
53 slides from Man Infraconstruction's earnings presentation, May 23, 2022
Slide 1: Exchange filing cover letter
w MAN INFRACONSTRUCTION LIMITED 12th Floor, Krushal Commercial Complex, Above Shoppers Stop, G. M. Road, Chembur (West), Mumbai - 400089. India Ii : 9122 42463999 JIi : 9122 25251589 I U : office@maninfra.comJl'.ll:www.maninfra .com I E : www.facebook.com/maninfra Date: 23rd May, 2022 To, To, The Li
Slide 2: Investor Presentation – FY22
MAN INFRACONSTRUCTION LIMITED INVESTOR PRESENTATION – FY22 May 2022
Slide 3: Safe Harbor
Safe Harbor • This presentation has been prepared by and is the sole responsibility of Man Infraconstruction Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. • This presentation does not constitute or form part of any offer or invita
Slide 4: Index
INDEX 1 Group Introduction 4 2 Favourable Market Conditions 16 3 Business Performance 21 4 Way Forward 43 5 Company Financials 45 3
Slide 5: Group Introduction
Group Introduction 4
Slide 6: Group Milestones
Group Milestones 50+ 50Mn.+ Sq. Ft. of real estate and construction delivered Years of experience in 25 mn + Sq. Ft. 15 mn + Sq. Ft. 10 mn + Sq. Ft. construction across of residential & of ports of industrial the Country commercial development development development 10 1,000+ 700+ Years of experien
Slide 7: Marquee Clientele with excellent client relationships
Marquee Clientele with excellent client relationships 6
Slide 8: Group Introduction
Group Introduction A successful 3rd generation family owned business driven by professional management Promoter’s Journey Co-founded by Mr. Kishore Shah in 1964 as an industrial contracting company Mr. Parag Shah joined in 1991 with professional expertise & expanded infrastructure business o Pio
Slide 9: Vision, Mission and Group Values
VISION To be a leading integrated Real Estate Development company with strong in-house execution expertise and capabilities with attention to detail and utmost customer satisfaction and continue to grow in infrastructure space thereby enhancing shareholder's value MISSION To strengthen our position
Slide 10: Group Beginning
Group Beginning The journey of MICL Group dates back to 1964 as a partnership firm Started by Mr. Kishore Shah, a Civil Engineer by profession and the 1st generation entrepreneur of the Group Predominantly engaged in industrial and civil contracting works Undertook & completed multiple projects duri
Slide 11: Group Guided by …
Group Guided by … 30+ years of solid experience in the construction industry Known for Quality, Timely execution & Team work, has led repeat orders from marquee clients Achieved many firsts in infra space and pioneered in building ports ‒ Constructed India’s 1st private port at Nhava Sheva, JNPT ‒ O
Slide 12: Group led by …
Group led by … Joined business in 2013 with a vision to diversify & grow in the real estate space Successful Diversification - Real Estate vertical constitute >60% of revenue in FY22 Strengthened revenue visibility – 4.6 mn. sq. ft.^ of ongoing/upcoming projects in Real Estate Built reputed brand –
Slide 13: Experienced Management Team
Experienced Management Team Associated with the Company for more than 25 years Joined alongside Mr. Parag Shah, he has been a pioneer in achieving the group milestones with his exceptional technical expertise, engineering background & executional capabilities His leadership skills have enabled the c
Slide 14: Experienced Management Team
Experienced Management Team A qualified Chartered Accountant, he has over 35 years of experience both in India and abroad Specialized in finance, accounts, systems and commercial aspects of the business in trading and manufacturing organizations He oversees all finance and accounting operations of t
Slide 15: Professional & Independent Board
Professional & Independent Board MR. BERJIS DESAI MR. KAMLESH VIKAMSEY MR. DHARMESH SHAH MS. KAVITA UPADHYAY Non-Executive Chairman Independent Director Independent Director Independent Director A Master of Law from the University of Former President of the Institute of Member of the Institution of
Slide 16: Strong Financial Profile
Strong Financial Profile Proven financial track record with FY22 Consolidated Financial Performance strong profitability Total Income EBITDA Net Profit Zero Debt at holding company and negligible Rs. 1,162 Cr Rs. 247 Cr Rs. 216 Cr Net Debt to Equity ratio at consolidated levels EBITDA Margin PAT Mar
Slide 17: Awards – Exemplifying Companies Performance
Awards – Exemplifying Companies Performance 9 Prestigious Awards Maharashtra’s Iconic Young Best Brands Most Promising Top Challenger Pillar of Strength Achiever Delivery Of the Year 2022 2021 2021 2019 2017 THE ECONOMIC TIMES THE ECONOMIC TIMES THE ECONOMIC TIMES REALTY LION AWARDS CONSTRUCTION WOR
Slide 18: Favorable Market Conditions
Favorable Market Conditions 17
Slide 19: Structural Reforms shaping India's Real Estate sector
Structural Reforms shaping India’s Real Estate sector Regulatory Changes Disruptive Changes • RERA • NBFC Crisis • GST • Covid-19 • New DCR Rules in Mumbai Consolidation among organized developers Developers like MICL with Higher Liquidity, Strong Balance Sheet and Better Governance Practices are th
Slide 20: Real Estate Market: Poised for multi-year growth cycle
Real Estate Market: Poised for mutli-year growth cycle Indian Real Estate to become Housing to contribute ~7% of GDP Favourable Long-Term Factors $1 trillion market 12% 10% 1,000 Home loan rate lowest in 2 decades 8% 650 6% 4% Significant improvement in Affordability 180 2% 50 0% 2008 2020e 2025e 20
Slide 21: Robust Infrastructure Play
Robust Infrastructure Play Large scale development initiatives by Government Strong Macro-Drivers Sagarmala Project • Infrastructure led economic growth - Port Development and modernization program - Significant Investment outlay of Rs. 5.5 trillion by 2035 • Strong emphasis laid on ‘Make in India i
Slide 22: Business Performance
Business Performance 21
Slide 23: Diversified Business Verticals
Diversified Business Verticals Real Estate EPC Business ~Rs. 5,000 crore of Cumulative sales in last 10 years Vast expertise and experience in civil construction of port infrastructure, Residential, Commercial, Industrial & Commitment to quality and timely delivery Institutional Buildings Partnering
Slide 24: Strengths of Real Estate Business
Strengths of Real Estate Business Proven track record of quality & timely delivery; The company has invested ~Rs. 684^ cr. About 4.6 million sq. ft. (Carpet area) 7 Residential projects delivered - all before the in own Real Estate Development Projects of ongoing and upcoming Residential scheduled d
Slide 25: Strengths of EPC Business
Strengths of EPC Business Commitment to quality & timely delivery 1 resulting in repeat business from clients Efficient project monitoring and 2 cost control Experience in constructing complex 3 infra projects, high-rise buildings, townships & mass housing developments Owned Plant & equipment and li
Slide 26: Business Highlights FY22
Business Highlights FY22 Real Estate • Sold 2.3 mn sq. ft. of carpet area with a cumulative sales of ~Rs. 5,000 cr as on Mar-22 • Strong sales of 5.7 lakh sq ft of carpet area in FY22 with a sales value of Rs. ~1,200 crore • Strengthening Real Estate portfolio in Mumbai MMR region through asset ligh
Slide 27: Continued improvement in Profitability and Liquidity levels
Continued improvement in Profitability and Liquidity levels Net Profit Cash & CE Networth 216 513 1,004 931 861 860 106 670 675 92 299 69 -7 32 191 156 172 61 FY20 FY21 FY22 FY20 FY21 FY22 FY20 FY21 FY22 • High ROCE Company along with improving earnings • Holding Co. continue to be debt free company
Slide 28: Real Estate Business
Real Estate Business 27
Slide 29: Real Estate – Ongoing Projects
Real Estate – Ongoing Projects RERA Carpet Area sold as on Name of MICL's Type Estimated Date Units Sold as on Sr. No. Project Name Location area 31.3.2022 Total Units developing entity Stake of Completion 31.3.2022 (sq ft.) (sq ft.) Aaradhya MICL Developers Vikhroli, 1 99.99% Residential 1,02,484 9
Slide 30: Real Estate – Upcoming Projects
Real Estate – Upcoming Projects Expected Name of developing Type ~ Carpet area Sr. No. Project Name MICL's Stake Location Start Date / Total Units entity (sq ft.) Date of Completion Aaradhya High Park - Near Dahisar, March-22 / 1 Man Vastucon LLP 99.99% 4 Residential Towers 5,31,079 1,001 Phase 2 Th
Slide 31: Real Estate – Completed Projects
Real Estate – Completed Projects Total Carpet Area Carpet Area Sold Project Type Total Units No. of Units Sold Completion Date (sq.ft.) (sq.ft.) Aaradhya Tower Residential 48 48 46,994 46,994 Aaradhya Saphalya Residential 5 5 4,244 4,244 Aaradhya Nalanda Residential 10 10 8,405 8,405 All 7 Real Esta
Slide 32: Real Estate – Completed Projects
Real Estate – Completed Projects 31
Slide 33: Real Estate – Ongoing Projects
Real Estate – Ongoing Projects Artist's Impression Artist's Impression AMENITIES Swimming Pool Theatre The Gymnasium Play Court - Tennis Kids Play Zone 32
Slide 34: Real Estate – Ongoing Projects
Real Estate – Ongoing Projects AMENITIES Artist's Impression Artist’sImpression Indoor Games Room Zen Garden Gymnasium Toddler’s Play Area 33
Slide 35: Real Estate – Ongoing Projects
Real Estate – Ongoing Projects Artist's Impression AMENITIES Artist’sImpression Mini Multipurpose Court Kids Rock Climbing Area Entrance & Walkway Zen Garden 34
Slide 36: Real Estate – Ongoing Projects
Real Estate – Ongoing Projects Artist's Impression AMENITIES Artist’s Impression The Sports Lounge Snooker Lounge Gymnasium Business Chamber 35
Slide 37: Real Estate – Ongoing Projects
Real Estate – Ongoing Projects Artist's Impression AMENITIES Artist’s Impression Luxurious Swimming Pool Kids’ Play Area Mini - Theatre Gymnasium 36 Artist's Impression
Slide 38: Real Estate – Ongoing Projects
Real Estate – Ongoing Projects Artist's Impression AMENITIES Artist’sImpression Reflection Pool Elegant Deck Seating Peaceful Zen Garden Silver Screen Theatre 37
Slide 39: EPC Business
EPC Business 38
Slide 40: EPC – Ongoing Projects
EPC – Ongoing Projects 1 2 3 Infrastructure Works Residential Works Commercial & Institutional Works ~1.45 Million Of Construction Work ~3.42 Million Of Construction Work ~0.02 Million Of Construction Work • IPRCL - Phase 2 • Atmosphere Phase II • Aaradhya Primus • PCMC - EWS Housing • Aaradhya High
Slide 41: EPC – Port Infrastructure
EPC – Port Infrastructure Constructed the first Private Port of India Bharat Mumbai Container Terminals Mundra International Container Chennai Container Terminal Pvt Ltd (BMCT) Terminal (MICT) (CCT) 90 Hectares 23 Hectares 15 Hectares Nhava Sheva International Container Terminal Gateway Terminals In
Slide 42: Residential Buildings & Townships
Residential Buildings & Townships Kohinoor Residency PCMC - EWS CLIENT : Kohinoor Planet Construction Pvt. CLIENT : Pimpri Chinchwad Ltd. Municipal Corporation (PCMC) AREA: 0.30 Million Sq. Ft. AREA: 2.46 Million Sq. Ft. Blue Ridge Orchid Woods CLIENT : Flagship Infrastructure Pvt Ltd. AREA: 1.68 Mi
Slide 43: Commercial Buildings / Institutions / IT / Hospitals
Commercial Buildings / Institutions / IT / Hospitals Kohinoor Commercial Complex Godfrey Phillips Factory Shed CLIENT : Kohinoor Planet Construction Pvt. CLIENT : Godfrey Phillips India Ltd. Ltd. AREA: 0.10 Million Sq. Ft. AREA: 0.36 Million Sq. Ft. Sai Complex Gigaplex IT Park CLIENT : B Raheja Bui
Slide 44: Way Forward
Way Forward 43
Slide 45: Drivers for Next Phase of Growth
Drivers for Next Phase of Growth Expansion Strategy Global (USA) Opportunity • Real Estate • In process of identifying partners backed with - Focus to grow in MMR region through reputed brand name & proven delivery record for the Asset Light model – JV / JDA / DM - Expand presence in USA markets ini
Slide 46: Company Financials
Company Financials 45
Slide 47: Q4 FY22 Consolidated Financial Performance
Q4 FY22 Consolidated Financial Performance Real Estate Business EPC Business Revenue from Operations Q4 FY21 Rs. 209 crores +28% +21% Rs. 264 crores 210 55 Up by 26% YoY 164 45 Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 Q4 FY21 Profit After Tax^ Q4 FY21 EBITDA Rs. 40 crores Rs. 16 crores Rs. 56 crores Rs. 37 c
Slide 48: FY22 Consolidated Financial Performance
FY22 Consolidated Financial Performance Real Estate Business EPC Business Revenue from Operations FY21 Rs. 427 crores +119% +139% Rs. 961 crores 640 321 134 Up by 125% YoY 293 FY21 FY22 FY21 FY22 FY21 FY21 EBITDA Profit After Tax^ Rs. 97 crores Rs. 32 crores Rs. 247 crores Rs. 216 crores EBITDA Marg
Slide 49: Q4 & FY22 Consolidated Financial Highlights
Q4 & FY22 Consolidated Financial Highlights Particulars (Rs. Crs.) Q4 FY22 Q4 FY21 Y-o-Y FY22 FY21 Y-o-Y Total Revenue 264.3 209.4 26% 961.5 427.2 125% Total Expense 208.7 169.6 714.0 330.6 EBITDA 55.6 39.8 40% 247.5 96.6 156% EBITDA Margin (%) 21.04% 19.02% 25.74% 22.61% Other Income 10.7 8.3 201.2
Slide 50: Q4 & FY22 Standalone Financial Highlights
Q4 & FY22 Standalone Financial Highlights Particulars (Rs. Crs.) Q4 FY22 Q4 FY21 Y-o-Y FY22 FY21 Y-o-Y Total Revenue 59.3 51.8 14% 236.6 119.6 98% Total Expense 51.8 48.3 175.5 115.9 EBITDA 7.5 3.5 114% 61.1 3.7 EBITDA Margin (%) 12.6% 6.7% 25.8% 3.12% Other Income 14.5 38.0 75.3 113.8 Depreciation
Slide 51: Historical Financial Highlights - Consolidated
Historical Financial Highlights - Consolidated Profit & Loss Statement (Rs. Crs.) Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Revenue from Operations 961.5 427.2 267.0 371.4 651.6 Total Expense 714.0 330.6 269.7 271.6 452.2 EBITDA 247.5 96.6 -2.7 99.8 199.4 EBITDA % 25.74% 22.6% - 26.9% 30.6% Other Income 20
Slide 52: Historical Financial Highlights - Standalone
Historical Financial Highlights - Standalone Profit & Loss Statement (Rs. Crs.) Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Revenue from Operations 236.6 119.6 107.0 166.5 192.9 Total Expense 175.5 115.9 108.8 125.7 175.2 EBITDA 61.1 3.7 -1.8 40.8 17.7 EBITDA % 25.8% 3.1% - 24.5% 9.2% Other Income 75.3 113.8
Slide 53: Thank You
MAN INFRACONSTRUCTION LIMITED T h a n k Yo u Investor Relations: Name: Mr. Yashesh Parekh Email: Yashesh@maninfra.com C o r p o r a t e O f f i c e : M a n I n f r a c ons t r uc t i o n L i m i t e d, 1 2 t h F l o or, K r u s h a l C o m m e r c i a l Complex, GM Road, Chembur(W), Mumbai – 400089