Kridhan Infra Limited · NSE:KRIDHANINF
Kridhan Infra — FY2018 Earnings Presentation
20 slides from Kridhan Infra's earnings presentation, March 2018
Slide 1: Kridhan Infra Limited Investor Presentation Q4 and FY18
Kridhan Infra Limited INVESTOR PRESENTATION | Q4 and FY18
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or projections abo
Slide 3: Strategic Review and Guidance
Strategic Review and Guidance
Slide 4: Delivering on our Commitments
Delivering on our Commitments SG EPC Turnaround Developing India EPC Strong Financial Performance Operational and Financial Acquired a 41.47% stake in Vijay Proforma Topline growth of Turnaround Nirman Company (“VNC”); 2.4x stake to go up to Completion of Scheme of 50.5%, awaiting bank NOC EBI
Slide 5: Strong India EPC Business
Strong India EPC Business Strengthens India EPC business with acquisition VNC Order Book of VNC INR 28 Bn Urban Infra - VNC – A strong EPC player based in Residential 12% Vishakhapatnam Affordable Housing 34% Urban Infra - Completed 400+ various EPC projects in last 30 Commercial 11% years Road Stru
Slide 6: Growing Singapore EPC and FE Business
Growing Singapore EPC and FE Business Singapore Foundation Engineering FY18 Financial Performance - SINGAPORE Strong growth witnessed in the foundation Foundation Engineering EPC engineering business (INR MN) (INR MN) Revenue 3,138 2,845 Won orders worth INR 5,469 mn in FY18 Adj. EBITDA 614.41 166.5
Slide 7: Proforma Financial Performance and Order Book
Proforma Financial Performance and Order Book FY18 Proforma Financial Performance FY18 Proforma Order Book Assuming 50.5% stake in VNC INR 35+ bn FY17 (Actual) FY18 PF SG RMS Revenue 6,882 15,896 EPC 2% EBITDA 1,046 1,928 2% EBITDA Margin 15.2% 12.13% SG FE 16% PAT (Pre-exceptional) 473 583 Revenue
Slide 8: FY19 Strategic Priorities and Guidance
FY19 Strategic Priorities and Guidance Strategic Priorities FY19 Guidance Consolidated Revenue: INR 18-20 billion Consolidate VNC as a majority owned Subsidiary o India EPC revenue: INR 12-13 billion o SG EPC revenue: INR 2-3 billion o SG FE revenue: INR 4-5 billion Strengthen India EPC EBITDA: INR
Slide 9: Kridhan: Strategically Positioned EPC company
Kridhan: Strategically Positioned EPC company A Leading Engineering, Procurement and Singapore, India, Malaysia, Indonesia Construction Company in Asean Strong Project Execution Skill 300+Projects Completed Bid for unlimited value of projects in FE Cost High Margin Prestigious L6 Certification from
Slide 10: Q4 and FY18 Performance
Q4 and FY18 Performance
Slide 11: Results Summary – Q4 FY18
Results Summary – Q4 FY18 Revenue (INR Mn) EBITDA (INR Mn) and EBITDA Margin (%) 1,824 12.5% 16.3% 1,772 288 234 Q4FY17 Q4FY18 Adjusted PAT (INR Mn) Revenue Break Up (INR Mn) 1,824 1,772 187 162 1,505 1,513 318.3 258.4 Q4FY17 Q4FY18 Q4FY17 Q4FY18 India Overseas
Slide 12: Results Summary – FY18
Results Summary – FY18 Revenue (INR Mn) EBITDA (INR Mn) and EBITDA Margin (%) 6,882 7,125 15.4% 15.2% 1,095 1,046 FY17 FY18 FY17 FY18 Adjusted PAT (INR Mn) Revenue Break Up (INR Mn) 6,882 7,125 [VALUE] 473 5,743 6,025 1,139 1,100 FY17 FY18 FY17 FY18 India Overseas
Slide 13: Strong Financial Position
Strong Financial Position Total Revenue (INR Mn) EBITDA (INR Mn) and EBITDA % 15.40% 15.20% 1,046 1,095 6,799 6,882 7,125 13.50% 6,517 10.90% 10.30% 11.40% 740 4,692 4,887 674 659 535 FY13 FY14 FY15 FY16 FY17 FY18 FY13 FY14 FY15 FY16 FY17 FY18 Net worth (INR MN) 5,599 Debt (INR Mn) Term Loan Working
Slide 14: Consolidated Financial Highlights
Consolidated Financial Highlights INR Mn (except as stated) Q4FY18 Q4FY17 FY18 FY17 Revenue 1,772 1,824 7,125 6,882 Total Expenditure 1,575 1,795 6,599 6,404 EBITDA 288 234 1,095 1,046 EBITDA Margin (%) 16.3% 12.8% 15.4% 15.2% Interest 23 69 162 176 Depreciation 69 136 408 392 Other Income 5 157 77
Slide 15: Balance Sheet
Balance Sheet INR Mn FY18 FY17 FY16 INR Mn FY18 FY17 FY16 Share Capital 190 148 148 Non Current Assets 4927 4,190 2,659 Reserves and Surplus 5409 2,650 1,622 Fixed Assets 1994 2,275 1,848 Share & Warrant Application Goodwill on 506 0 0 1517 1,437 223 Money Consolidation Minority Interest 205 169 156
Slide 16: Robust Order Book: More diversified, More India Focused
Robust Order Book: More diversified, More India Focused MARCH’18 Order Book FY16 Order Book March’17 PROFORMA ORDER BOOK Rs 6,660 Mn INR 7,915 Mn INR 35+ billion SG RMS EPC 2% 2% RMS SG FE RMS 14% 10% 16% India EPC India 7% FE 19% SG EPC 47% SG FE 71% SG FE 32% India EPC (VNC) 80%
Slide 17: Group Structure
Group Structure Listed on BSE and NSE Kridhan Infra Ltd (India) BSE Code: 533482 NSE Code: KRIDHANINF Listed on Singapore Stock Kridhan Infra Vijay Nirman RMS Singapore Pte Exchange Solutions Pvt Ltd Company P Ltd Ltd (Singapore) SGX: QF6.SI (India) (India) 100% 100% 41.47% Bloomberg Ticker: SWHP:SP
Slide 18: Grown Fast through Well-Timed Acquisitions
Grown Fast through Well -Timed Acquisitions 2017/2018 2016 Acquired 2014 41.47% stake 2013 Acquired in Vijay Swee Hong Nirman 2012 Acquired 35% Singapore Company P Acquired Limited; a Ltd 2011 stake in Econ PSL leading listed Geo Tech Pte Civil Acquisition engineering, 2007 of KH Foges Singapore – L
Slide 19: Superior Growth Prospects - Singapore
Superior Growth Prospects - Singapore Continuous investment in the Public sector: Key driver for Construction industry growth in Singapore in 2018 CONSTRUCTION DEMAND (in SGD billion) SGD 28- 35 SGD 35bn SGD 26-33bn 30 26-31bn SGD 24.8bn 25 20 15 10 5 0 FY17 FY18 FY19 FY20 Public Sector Private Sect
Slide 20: Contact Detail
Contact Detail Ms. Sheetal Khanduja Go India Advisors +91 9769364166 sheetal@goindiaadvisors.com