Va Tech Wabag Limited · NSE:WABAG

Va Tech Wabag — Q2 FY19 Earnings Presentation

18 slides from Va Tech Wabag's earnings presentation, Nov 1, 2018

  1. Slide 1: Result Update Presentation Q2 & H1 FY19

    VA TECH WABAG LTD. RESULT UPDATE PRESENTATION Q2 & H1 FY 19

  2. 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

  3. Slide 3: Index

    Index 1 Key Highlights H1 FY 19 2 Quarterly Performance 3 Order Book Analysis 3 Water +ve

  4. Slide 4: Business Overview

    Business Overview Al Madina Al Shamalia (AMAS) Sewage Treatment Plant, Kingdom of Bahrain 4

  5. Slide 5: Key Highlights H1 FY 19

    Key Highlights H1 FY 19 5 Water +ve

  6. Slide 6: Key Highlights

    Key Highlights H1 FY 19  Consolidated Revenue at INR 14.39 Bn  Consolidated EBITDA at 7.9%  Consolidated PAT at INR 488 Mio up by 16.7% YoY  Order Book over INR 92.5 Bn including framework orders Water Treatment Plant, Alpnach, Switzerland 6 Water +ve

  7. Slide 7: Quarterly Performance

    Quarterly Performance 7 Water +ve

  8. Slide 8: Results Overview – Consolidated Profit and Loss

    RESULTS OVERVIEW – Consolidated Profit and Loss Rs. Millions Q2 FY 19 Q2 FY 18 YOY % H1 FY 19 H1 FY 18 YOY % Revenue from 7,520 8,865 (15.2%) 14,398 15,551 (7.4%) operations • Key overseas Cost of Sales 5,963 7,105 (16.1%) 11,114 12,361 (10.1%) projects nearing completion Total Cost of Operations 1,

  9. Slide 9: Results Overview – Standalone Profit and Loss

    RESULTS OVERVIEW – Standalone Profit and Loss Rs. Millions Q2 FY 19 Q2 FY 18 YOY % H1 FY 19 H1 FY 18 YOY % Revenue from 5,209 5,063 2.9% 8,611 8,609 -- Operations Cost of Sales 4,088 3,978 2.8% 6,585 6,654 (1.0%) • Forex gains realized from export projects Total Cost of due to appreciation 643 491 3

  10. Slide 10: Results Overview – Balance Sheet

    RESULTS OVERVIEW – Balance Sheet Rs. Millions Sep ’18 Mar ’18 Sep ’18 Mar ’18 Consolidated Standalone Total Equity (Net Worth) 11,958 11,624 9,325 9,169 Non-Current Liabilities 3,016 2,732 2,312 1,995 Trade Payables 16,213 14,899 10,508 9,255 Short Term Borrowings 4,753 4,274 3,187 2,763 Other Curre

  11. Slide 11: Results Overview – Working Capital Highlights

    RESULTS OVERVIEW – Working Capital Highlights Rs. Millions Sep’18 Mar ’18 Inventories 395 382 Trade Receivables 14,626 13,028 Loans and Advances 414 348 Other Current Assets 16,461 14,587 Total Current Assets (A) 31,896 28,345 Trade Payables 16,213 14,899 Other Current Liabilities and Provisions 4,0

  12. Slide 12: Revenue Breakup

    Revenue Breakup – H1 FY 19 EPC O&M Rs. Millions EPC O&M Total 11% Municipal Industrial Municipal Industrial Wabag India 4,099 3,479 576 142 8,296 Wabag Overseas 2,258 2,729 574 288 5,849 89% Total 6,357 6,208 1,150 430 14,145 Municipal Industrial 47% 53% EPC [Rs. Bn.] O&M [Rs. Bn.] India Europe MDUs

  13. Slide 13: Key Projects Contributing to Revenue

    Key Projects Contributing to Revenue – H1 FY 19 Revenue recognized Project Details [Rs. Mn]  Desal & STP Order, Saudi Arabia 1,602  Petronas RAPID, Malaysia – ETP 1,461  Dangote, Nigeria - ETP & RWTP 1,401  Polghawela, Sri Lanka – WTP 762  HMEL, Bathinda – ETP 675  Barmer, Rajasthan – Integrat

  14. Slide 14: Order Book Analysis

    Order Book Analysis 14 Water +ve

  15. Slide 15: Order Intake Breakup

    Order Intake Breakup EPC O&M Rs. Millions EPC O&M Total 6% Municipal Industrial Municipal Industrial Wabag India 14,422 641 676 125 15,864 94% Wabag Overseas 11,113 1,787 895 241 14,036 Municipal Industrial 9% Total 25,535 2,428 1,571 366 29,900 Order Value Key Orders Received (Rs. Mn.) 91% Expansio

  16. Slide 16: Order Book Composition

    Order Book Composition EPC O&M Rs. Millions EPC O&M Total 18% Municipal Industrial Municipal Industrial Wabag India 31,299 10,583 12,235 1,522 55,639 82% Wabag Overseas 24,842 3,414 1,271 383 29,910 Municipal Industrial Framework 6,996 20% Contracts Total 56,141 13,997 13,506 1,905 92,545 80% 15.4 I

  17. Slide 17: Order Book and Framework Contracts; Guidance for FY19

    Order Book of Rs. 85.5 Bn & Framework Contracts of Rs. 7 Bn Key Contracts in Orderbook Key Framework Contracts * Project Details Amt [Rs. Mn]  Libya STP of Rs. 6,114 Mn  Expansion SWTP 9, Jubail, KSA – STP 9,333  50 MLD Zarat, Tunisia – Desal 5,967  Koye Fetche, Ethiopia of Rs. 882 Mn  South Do

  18. Slide 18: 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. Gaurang Vasani, Managing Director investors@wabag.in vgaurang@stellar-ir.com www.wabag.com www.stellar-ir.com 1

VA Tech Wabag — Q2 FY19 Earnings Presentation on 6ix