Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — Q3 FY2023 Earnings Presentation
31 slides from Pnc Infratech's earnings presentation, Feb 15, 2023
Slide 1: Exchange filing cover letter
PNC t*d- PNC lnfratech Limited I An ISO 9001 :2015 Certified Company Ref No: PNC/SE/99 122-23 Date: 15-02-2023 To, To, The Manager The Manager Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P.J. Towers, Exchange Plaza, BandraKurla C
Slide 2: PNC Infratech Limited Result Update Presentation Q3 & 9M FY23
STRONG PIPELINE SWIFT EXECUTION STEADY GROWTH for a better tomorrow... PNC INFRATECH LIMITED Result Update Presentation Q3 & 9M FY23
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by PNC Infratech Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securit
Slide 4: Key Highlights & Financials
Key Highlights & Financials PNC Infratech Limited
Slide 5: Key Highlights for Q3 FY23
Key Highlights for Q3 FY23 +7% Revenue › Revenue of Rs. 1,627 crore as compared to Rs. 1,522 crores in Q3 FY22 › EBITDA of Rs. 208 crore as compared to Rs. 165 crores in Q3 FY22 +26% EBITDA › EBITDA Margin of 12.8% as compared to 10.9% in Q3 FY22, an improvement of 191 bps › PAT of Rs. 129 crore as
Slide 6: Key Highlights for 9M FY23
Key Highlights for 9M FY23 Revenue +13% › Revenue of Rs. 4,946 crore in 9M FY23 as compared to Rs. 4,388 crore in 9M FY22 Order Book Rs. 17,842 › Remaining value of contracts under execution as on crores December 31, 2022 (Contract under execution are over Rs. 17,800 crore which is over 2.5 times of
Slide 7: Key Highlights for 9M FY23
Key Highlights for 9M FY23 Revenue (Rs. crore) EBITDA (Rs. crore) PAT (Rs. crore) +20% +38% +13% 673 427 4,946 4,388 563 310 9MFY22 9MFY23 9MFY22 9MFY23 9MFY22 9MFY23 Standalone Financials PNC Infratech Limited 6
Slide 8: Order Book Details
Order Book Details PNC Infratech Limited
Slide 9: Robust Order Book over Rs. 17,000 crores
Robust Order Book over Rs. 17,000 crores ◼ Remaining value of contracts under execution of over Rs. 17,800 crore as on 31st December 2022 Remaining Value Key EPC Projects Under Construction Awarding Authority (Rs. Crores) Akkalkot Pkg-II (Badadal-Maradgi S) NHAI 1,367 Kanpur-Lucknow Expressway Pkg-2
Slide 10: Portfolio of Development Projects on PPP Mode
Portfolio of Development Projects on PPP Mode PNC Infratech Limited
Slide 11: Sizeable Project Portfolio: Operational Projects
Sizeable Project Portfolio: Operational Projects PNC Share of Invested Debt as on 31st % JV Kms / TPC Invested Grant Total Debt Project Authority State / Stretch Type Equity Dec. ‘22 Stake Partners Lanes (Rs. Crs) Amount (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Kanpur Kabrai 100% NHAI UP /
Slide 12: Sizeable Project Portfolio: HAM Projects
Sizeable Project Portfolio: HAM Projects Invested PNC Share of Debt / Bond as % TPC Total Debt Project Authority State / Stretch Kms / Lanes Status Equity Invested Amount on 31st Dec. ‘22 Stake (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Dausa-Lalsot 100% NHAI Raj/ NH11A 83.45/ 4/2 COD 820 65
Slide 13: Annexure – I Summary Financials
Annexure – I Summary Financials PNC Infratech Limited
Slide 14: Standalone Profitability Statement – Q3 & 9M FY23
Standalone Profitability Statement – Q3 & 9M FY23 Rs. Crores Q3 FY23 Q3 FY22 YoY Growth (%) 9M FY23 9M FY22 YoY Growth (%) REVENUE 1,626.97 1,521.99 7% 4,946.19 4,388.19 13% EBITDA 208.05 165.49 26% 672.86 562.55 20% EBITDA margin 12.8% 10.9% 191 bps 13.6% 12.8% 78 bps Other Income 9.77 10.55 27.76
Slide 15: Net Working Capital Days - Standalone
Net Working Capital Days - Standalone 97 82 73 74 77 67 60 62 57 51 Mar/19 Mar/20 Mar/21 Mar/22 Dec/22 Debtors Net Working Capital PNC Infratech Limited 14
Slide 16: Consolidated Profitability Statement – Q3 & 9M FY23
Consolidated Profitability Statement – Q3 & 9M FY23 Rs. Crores Q3 FY23 Q3 FY22 YoY Growth (%) 9M FY23 9M FY22 YoY Growth (%) REVENUE 1,803.28 1,721.82 5% 5,651.23 4,982.02 13% EBITDA 344.73 325.37 6% 1,189.44 1,054.10 13% EBITDA margin 19.1% 18.9% 22 bps 21.0% 21.2% Other Income 19.59 17.58 56.94 67
Slide 17: Segmental Revenue Break-up
Segmental Revenue Break-up Q3 FY22 230.82 Q3 FY23 243.24 13% 13% 1,560.04 1,491.00 87% 87% EPC Toll/Annuity EPC Toll/Annuity 9M FY22 9M FY23 1,001.13 644.49 18% 13% 4,337.52 4,650.10 87% 82% EPC Toll/Annuity EPC Toll/Annuity PNC Infratech Limited 16
Slide 18: Annexure – II Company Overview
Annexure – II Company Overview PNC Infratech Limited
Slide 19: Introduction
Introduction Established track record of timely/early completion of projects • Infrastructure construction, development, and management company; expertise in the execution of projects including highways, bridges, flyovers, airport runways, industrial areas, and transmission lines • Executed 83 major
Slide 20: Business Overview
Business Overview Water Supply & Irrigation Roads & Highways EPC Working on EPC projects in Water Supply sector and Completed 59 infrastructure road projects on EPC basis Irrigation Projects Business Model Industrial Area Development Innovation Roads & Highways BOT / OMT/ HAM Operating 5 BOT & 2 OMT
Slide 21: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) BOT Holdco for road and other infra projects PNC Unnao Highways Private Limited (“PNCUHPL”) 4 Laning of Unnao-Lalgani section of NH 232 A on HAM PNC Bareilly Nainital Highways Private Limited (“PNCBNHPL”) 4 laning of the Bareilly-Almora sec
Slide 22: Integrated Business Model
Integrated Business Model Equipment Bank Own Quarries / Raw Material Sourcing ▪ Ownership of a fleet of modern equipment enables quick mobilization besides ensuring ▪ Own / Leasing of Quarries helps in securing of continuous availability of critical equipment raw material and project completion with
Slide 23: Enhanced Execution Capability
Enhanced Execution Capability Strong Credit Rating ▪ Long term bank facilities “CARE AA+ (Double A plus)” ▪ Short term bank facilities “CARE A1+ (A One plus)” ▪ “Stable” outlook Working Capital Limits Enhanced Execution ▪ Fund Based Limits of Rs. 1,000 crores which will enable us to execute projects
Slide 24: Enhanced to Augment and upgrade the execution
Enhanced to Augment and upgrade the execution Rs. Crores 1,273 1,296 1,267 1,094 1,016 FY19 FY20 FY21 FY22 Dec-22 Present Capex will enable us to achieve a Turnover of Rs. 8,000-10,000 crores PNC Infratech Limited 23
Slide 25: Strengthening of in-house execution team
Strengthening of in-house execution team No. of Employees 10,187 9,599 9,263 8,371 8,334 FY19 FY20 FY21 FY22 Dec-22 Strengthening of In-house execution team with induction of engineers with strong technical knowledge PNC Infratech Limited 24
Slide 26: Strong Credit Rating
Strong Credit Rating Upgraded Assigned Reaffirmed ◼ PNC Infratech Ltd. ◼ PNC Meerut Haridwar Highways Pvt. Ltd. ◼ PNC Rajasthan Highways Private Limited ✓ Long term bank facilities at CARE AA+; Stable ✓ Non Convertible Debentures at CARE AAA; Stable (Double A plus; Outlook: Stable) ✓ CARE A; Stable
Slide 27: Experienced Promoters
Experienced Promoters Mr. Pradeep Kumar Jain Mr. Naveen Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Chairman & Managing Promoter Managing Director Managing Director Director ◼ Over 40 years of experience ◼ Over 31 years of experience ◼ Over 30 years of experience ◼ Over 25 years of expe
Slide 28: Board of Directors
Board of Directors Mr. Pradeep Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Chairman & Managing Director Managing Director Managing Director Mr. Anil Kumar Rao Mr. Talluri Raghupati Rao Whole-time Director Wholetime Director Mr. Krishan Kumar Jalan (IAS) Mr. Gauri Shankar Mr. Subhash Cha
Slide 29: Clientele
Clientele PNC Infratech Limited 28
Slide 30: Growth Strategy
Growth Strategy Diversification Competitiveness ◼ Leveraging Strong Project Execution track record to ◼ Improve performance and diversify into new functional competitiveness of existing areas of infrastructure Strong Relationships business through Focused Approach development investments in technolo
Slide 31: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : PNC Infratech Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L45201DL1999PLC195937 CIN: U74140MH2010PTC204285 Mr. D. K. Maheshwari Mr. Jigar Kavaiya Vice President - Finance COO – IR Practice +91-9920602034 dkm@pncinfrate