Va Tech Wabag Limited · NSE:WABAG
Va Tech Wabag — H1 FY2021 Earnings Presentation
27 slides from Va Tech Wabag's earnings presentation, November 2020
Slide 1: Results Update Presentation Q2 & H1 FY 2020-21
VA TECH WABAG LTD Results Update Presentation Q2 & H1 FY 2020 - 21
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by VA TECH WABAG 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 secu
Slide 3: Complete Water Treatment Solution Provider
Complete Water Treatment Solution Provider… Provides a complete range of Water and Waste Water Treatment solutions Offering spanning across Municipal Drinking Water, Municipal Sewage, Industrial Water, Industrial Effluents, Desalination and Recycle Technology focused company - Owns more than 9
Slide 4: Range of Solutions offered in Water Space
Range of Solutions offered in Water Space Sewage Water Treatment Drinking Water Treatment Industrial Water Treatment Activated Sludge Process Aeration Raw water pre treatment Sequential Batch Reactors Sedimentation Filtration Plants Membrane Bed Bio Filtration Nano / Ultra Filtrati
Slide 5: Complete Water Treatment Solution Provider
Complete Water Treatment Solution Provider… . . . With complete portfolio of Water Solutions with . . . through various business/ delivery model technological and operational expertise . . Industrial waste water Drinking Water Treatment purification Engineering, Procurement, Construction (EPC) O&M
Slide 6: Asset light business model
Asset light business model Design Civil Operation & Technology Construction & Engineering (Outsourced) Maintenance Critical for cost In-house to ensure Mostly outsourced to In-house to ensure quality optimization compliance with designs dedicated Contractors performance Approvals to match o Co
Slide 7: Index
Index 1 Key Highlights H1 FY 20 - 21 2 Quarterly Performance & Business Updates 3 Order Book Analysis 7 Water +ve
Slide 8: Key Highlights H1 FY21
Key Highlights H1 FY 21 8 Water +ve
Slide 9: Key Highlights H1 FY21
Key Highlights H1 FY 21 Order Book of INR 105.9 Bn including framework orders Order Intake of over INR 6,289 Mn Consolidated Revenue at INR 10,392 Mn Consolidated EBITDA at INR 724 Mn Consolidated PAT at INR 218 Mn Industrial Effluent Treatment Plant, Petronas, Malaysia 9 Water +ve
Slide 10: Quarterly & Half Year Performance
Quarterly & Half Year Performance 10 Water +ve
Slide 11: Results Overview – Consolidated Profit and Loss
RESULTS OVERVIEW – Consolidated Profit and Loss Q2 Q2 H1 H1 Rs. Millions FY 21 FY 20 YOY % FY 21 FY 20 YOY % • Overseas EPC revenues Revenue from have started 6,084 6,361 (4.4%) 10,392 10,927 (4.9%) operations progressing after the Cost of Sales 4,735 4,768 (0.7%) 7,991 8,035 (0.5%) initial effect o
Slide 12: Results Overview – Standalone Profit and Loss
RESULTS OVERVIEW – Standalone Profit and Loss Q2 Q2 H1 H1 Rs. Millions YOY % YOY % FY 21 FY 20 FY 21 FY 20 • EPC revenues driven by Revenue from 3,525 4,428 (20.4%) 6,342 7,668 (17.3%) slower execution due to Operations COVID-19; expected to Cost of Sales 2,680 3,481 (23.0%) 4,815 5,679 (15.2%) prog
Slide 13: Results Overview – Balance Sheet
RESULTS OVERVIEW – Balance Sheet Consolidated Standalone Rs. Millions Sep’20 Mar’20 Sep’20 Mar’20 • Trade Receivables at Total Equity (Net Worth) 13,171 11,722 11,065 9,766 Standalone stable Non-Current Liabilities 2,749 2,665 2,568 2,545 remains flat and lower Billed Payables 8,467 8,188 7,150 6,08
Slide 14: Cash Flow Statement
Cash Flow Statement H1 FY 21 Rs. Millions Consolidated Standalone Net cash generated from/(used in) 14 8 operations Continuing trend in Net cash generated from/(used) in gross debt (15) 98 reduction of 16% investing activities from March 20 Net cash generated from financing 221 537 activities Cash a
Slide 15: Robust Core Performance
Robust Core Performance H1 FY 21: 10.8% H1 FY 21 : 20.7% Reported RoCE Core RoCE 8.7% 7.0% 127 83 3.4% 2.1% EBITDA PAT NWC Days Reported CORE 15 Water +ve
Slide 16: GENCO Projects
GENCO Projects TSGENCO Rs. 1,381 Mio • Tecpro is endeavoring to initiate arbitration with TSGENCO • The Company and TSGENCO have challenged the same in Supreme Court and obtained an interim injunction order and expect quashing in the next hearing Tecpro Rs. 695 Mio • Pursuing legal action to recover
Slide 17: Revenue Breakup – H1 FY21
Revenue Breakup – H1 FY 21 EPC O&M Rs. Millions EPC O&M Total 19% Municipal Industrial Municipal Industrial Wabag India 3,114 1,645 1,202 224 6,185 81% Wabag Overseas 2,711 788 501 59 4,059 Municipal Industrial 27% Total 5,825 2,433 1,703 283 10,244 EPC [Rs. Bn.] O&M [Rs. Bn.] 73% India Europe ROW *
Slide 18: Key Projects Contributing to Revenue – H1 FY21
Key Projects Contributing to Revenue – H1 FY 21 Revenue recognized Project Details [Rs. Mn] Expansion SWTP 9, Jubail, KSA – STP 1,265 South Doha, Qatar – STP 926 Dangote, Nigeria - ETP & RWTP 688 Purolite, Romania – ETP 569 UPJN, O&M of Agra & Ghaziabad 544 MRPL, Karnataka – Desal 362
Slide 19: Order Book Analysis
Order Book Analysis 19 Water +ve
Slide 20: Order Intake Breakup
Order Intake Breakup EPC O&M Rs. Millions EPC O&M Total 4% Municipal Industrial Municipal Industrial Wabag India 3,746 12 210 15 3,983 96% Wabag Overseas 523 1,762 10 11 2,306 Municipal Industrial 29% Total 4,269 1,774 220 26 6,289 71% Order Value Key Orders Received (Rs. Mn.) India Europe ROW * Jed
Slide 21: Order Book Composition
Order Book Composition Rs. Millions EPC O&M Total EPC O&M Municipal Industrial Municipal Industrial 32% Wabag India 23,596 9,304 24,250 1,740 58,890 68% NMCG (SPVs) - EPC 7,947 - 1,453 - 9,400 - HAM 5,869 - 2,358 - 8,227 Municipal Industrial Wabag Overseas 18,411 2,225 1,739 75 22,450 13% Framework
Slide 22: Order Book of Rs. 98.9 Bn & Framework Contracts of Rs. 6.9 Bn
Order Book of Rs. 98.9 Bn & Framework Contracts of Rs. 6.9 Bn Key Contracts in Orderbook Key Framework Contracts * Project Details Amt [Rs. Mn] Libya STP of Rs. 6,114 Mn UPJN, O&M of Agra & Ghaziabad 13,869 Koye Fetche, Ethiopia of Rs. 882 Mn BUIDCO, Digha & Kankarbagh – STP & Network 11,878
Slide 23: Global Recognition to WABAG’s Journey of Excellence
Global Recognition to WABAG’s Journey of Excellence Year 2020 Global Water Awards 2020 National Water Awards 2019 Distinction Award under "Wastewater Project of National Water Awards 2019 for ‘Best Research / the Year" from the Global Water Intelligence for our Innovation / Adaptation of New Technol
Slide 24: Global Recognition to WABAG’s Journey of Excellence
Global Recognition to WABAG’s Journey of Excellence Year 2019 World’s top 50 private water operators IDA World Congress Awards 2019 Dun & Bradstreet Infra Award 2019 WABAG ranked 6th globally among the Received the “Most Innovative Company” Honoured with the Dun & Bradstreet Infra “World’s top 50 pr
Slide 25: Global Recognition to WABAG’s Journey of Excellence
Global Recognition to WABAG’s Journey of Excellence Year 2018 Water Management Excellence Awards 2018 Water Digest Water Awards 2018 Water Management Excellence Award for “Outstanding “Best Water Treatment Project - Industrial” at the Contribution in Water Efficiency & Conservation” by ASSOCHAM Wate
Slide 26: Global Recognition to WABAG’s Journey of Excellence
Global Recognition to WABAG’s Journey of Excellence Year 2016 Global Water Awards 2016 Dun & Bradstreet Infra Award 2016 Global Water Awards 2016 Highly Commended Award under "Water Best Infra Project Award for 100 MLD Highly Commended Award under "Industrial Company of the Year" Nemmeli SWRO Desali
Slide 27: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : VA Tech Wabag Ltd. Stellar IR Advisors Pvt. Ltd. CIN - L45205TN1995PLC030231 CIN - U74900MH2014PTC259212 Mr. Sandeep Agrawal, Chief Financial Officer Mr. Gaurang Vasani, Managing Director investors@wabag.in vgaurang@stel