Supreme Infrastructure India Limited · NSE:SUPREMEINF
Supreme Infrastructure India — FY2014 Earnings Presentation
23 slides from Supreme Infrastructure India's earnings presentation, May 2014
Slide 1: Fourth Quarter & Full Year FY 2013-14 Results
SUPREME INFRASTRUCTURE INDIA LTD. Fourth Quarter & Full Year FY 2013‐14 Results Investor Update, May– 2014
Slide 2: Discussion Outline
Discussion Outline Result Highlights Q4 & Full Year FY14 Results ‐ Financial snapshot Order book analysis BOT portfolio Update Annexure 2014 Supreme Infrastructure India Ltd.
Slide 3: Q4 FY14 – Result Highlights
Q4 FY14 – Result Highlights EPC STANDALONE HIGHLIGHTS ‐ INCOME (Rs. Mn) EBIDTA (Rs. Mn) PAT (Rs. Mn) 1040 284.7 7993.6 5.1% 25.8% 22.3% 270.2 6533.8 826.7 Q4 FY13 Q4 FY14 Q4 FY13 Q4 FY14 Q4 FY13 Q4 FY14 TOTAL ORDERBOOK (Rs. Mn) BOT UPDATE ‐ TOTAL TOLL COLLECTION (Rs. Mn) 70000 60445 400 375 58961 35
Slide 4: Q4 FY14 – Result Financials
Q4 FY14 – Result ‐ Financials Particulars Q4 FY14 Q4 FY13 YoY % Q3 FY14 QoQ % Income 7993.6 6533.8 22.3% 6062.5 31.9% Expenditure 6953.6 5707.1 21.8% 5201.5 33.7% EBITDA 1040.0 826.7 25.8% 861.0 20.8% EBITDA % 13.0% 12.6% 14.2% Depreciation 98.7 92.6 6.6% 88.5 11.5% PBIT 941.3 734.1 28.2% 772.5 21.9
Slide 5: Full Year FY14 Financials – Standalone P&L
Full Year FY14 Financials – Standalone P&L Particulars FY14 FY13 YoY % Income 21586.4 19869.5 8.6% Expenditure 18413.2 16784.8 9.7% EBITDA 3112.6 3084.7 0.9% EBITDA% 14.4% 15.5% Depreciation 365.0 335.9 8.7% PBIT 2747.6 2748.8 0.0% Interest Cost 1350.1 1191.8 13.3% Other Income 60.5 40.6 49.0% PBT 1
Slide 6: Full Year FY14 Financials – Standalone Balance Sheet
Full Year FY14 Financials– Standalone Balance Sheet Particulars FY 14 FY 13 Particulars FY 14 FY 13 EQUITIES & LIABILITIES ASSETS Shareholder Funds Non Current Assets (A) Equity Share Capital 225.9 192.4 (A) Fixed Assets 2,883.7 3,067.5 (B) Convertible Warrants 92.5 0 (B) Non‐Current Investments 2,9
Slide 7: Q4 & Full Year FY14 – Result Update
Q4 & Full Year FY14 – Result ‐ Update • FY 2014 – Total Revenues from Operations grew by 8.6 % to Rs. 21,586.4 mn on a YoY basis as compared to Rs. 19,869.5 mn in FY2013 • Q4, FY 2014: Total Revenues grew by 22.3 % to Rs. 7,993.6 mn. on a YoY basis as compared to Rs. 6,533.6 mn. in Q4 FY 2013 • FY 2
Slide 8: Order book – 31st March, 2014
Order book – 31st March, 2014 Q4 FY14 Segmental Breakup Q4 FY14 Value of Order Book Confirmed L1 Total Order Bridges order Building additions 5% Roads BOT additions 36% 24% Roads BOT 14,026 ‐ 14,026 ‐ ‐ Roads Cash Contract 6,371 3,370 9,741 2 5,741 Bridges 2,750 ‐ 2,750 ‐ ‐ Railways 649 ‐ 649 ‐ ‐ Ro
Slide 9: Order book Analysis
Order book Analysis Geographical Breakup BOT vs. EPC Orders East India 20% BOT 26% North India 44% West India EPC 36% 74% Confirmed Vs. L1 Orders Govt. Vs. Non Govt. Orders L1 Orders 14% Non Govt 20% Confirmed Orders Govt 86% 80% 9 2013 Supreme Infrastructure India Ltd.
Slide 10: BOT Portfolio - Growth Strategy
BOT Portfolio ‐ Growth Strategy • Strategy to be EPC focussed – SIIL is an EPC focused infrastructure company. The company would look to securitize the BOT portfolio as and when required to manage its debt levels. SIIL has demonstrated the same by selling 49% stake in 3 BOT projects to 3i infrastruc
Slide 11: BOT Portfolio Mar-14: Operational
BOT Portfolio Mar‐14: OPERATIONAL Particulars MWB NK PNM VB KB Project Cost 5,540 2,340 930 2,140 3,014 Equity Stake 74% 51% 100% 100% 10% 3i stake ‐ 49% ‐ ‐ ‐ Economic Interest 100% 100% 100% 100% 10% Sanctioned Debt 3,942 1,750 650 1,540 ‐ Debt outstanding 3,647 1,450 630 1,540 ‐ Supreme Equity (i
Slide 12: BOT Toll Collection Update – Operational Projects
BOT Toll Collection Update – Operational Projects Total Toll Collected Avg. Daily Toll Collected Q4 FY14 Q3 FY14 Q4 FY14 Q3 FY14 MWB 129 148 1.4 1.5 NK 110 112 1.2 1.2 PNM 28 31 0.3 0.3 VB 84 84 0.9 0.9 Total 351 375 3.8 3.9 1.6 1.5 400 375 1.4 351 1.4 350 1.2 1.2 84 1.2 300 84 31 1 0.9 0.9 250 28 0
Slide 13: BOT Portfolio Mar-14: Under Construction
BOT Portfolio Mar‐14 : Under Construction Particulars PI JRR AKT SS HM KM Project Cost 12,060 10,450 5,400 3,300 800 1,080 Equity Stake 64% 40% 51% 46% 98% 74% 3i Stake ‐ ‐ 49% 44% ‐ ‐ Economic Interest 90% 40% 100% 90% 100 % 74% Sanctioned Debt 9,000 7,900 4,050 2,475 500 800 Debt outstanding 5,182
Slide 14: Annexure
Annexure 2014 Supreme Infrastructure India Ltd.
Slide 15: Financials – Consolidated Profit & Loss
Financials – Consolidated Profit & Loss Particulars FY14 FY13 YoY % Income 25,822.6 23,328.7 10.69% Expenditure 21,324.4 19,684.3 8.33% EBITDA 4,498.1 3,644.4 23.42% EBITDA% 17.4% 15.6% Other Income 82.2 54.2 51.66% Depreciation 767.1 532.8 43.98% PBIT 1370.3 3,165.7 ‐56.71% Interest 2,442.9 1,656.9
Slide 16: Financials – Consolidated Balance Sheet
Financials – Consolidated Balance Sheet Particulars FY 2014 FY 2013 Particulars FY 2014 FY 2013 EQUITIES & LIABILITIES ASSETS Shareholder Funds Non Current Assets (A) Equity Share Capital 254.5 221.9 (A) Fixed Assets 28,524.1 18,893.2 (B) Convertible Warrants 92.5 ‐ (B) Non‐Current Investments 861.3
Slide 17: Group and Shareholding Structure
Group and Shareholding Structure Public & Others Promoters Institutions BOT PORTFOLIO SNAPSHOT 29.2% 54.9% 15.9% 1. BOT Portfolio of 11 BOT Projects – Supreme Infrastructure India Currently 5 projects operational – Ltd. Kasheli Bridge, Ahmednagar Kopargaon, Patiala Nabha Malerkotla, 10% Vasai Bhiwan
Slide 18: About Us - Shareholding as at 31st Mar, 2014
About Us ‐ Shareholding as at 31st Mar, 2014 Category Mar‐14 Dec‐13 Sept‐13 Promoters 54.97% 54.97% 57.90% Public FII 13.18% 13.25% 12.93% 30.57% DII 1.28% 1.28% 6.39% DII Promoters 1.28% 54.97% Public 30.57% 30.50% 22.78% FII Total 100% 100% 100% 13.18% Equity Capital (no. of shares) 20.09mn 20.09m
Slide 19: Supreme Infrastructure - Key Differentiators
Supreme Infrastructure ‐ Key Differentiators Margin • Above‐industry EBIDTA margin at 14‐16% due to backward integrated EPC model coupled with cluster‐led execution through owned quarries, crusher plants, RMC and wet mix plants. Leadership • More than 90% of the order book in states where captive ra
Slide 20: Major Clientele
Major Clientele Airports Authority NHAI Punjab PWD of India MMRDA BMC Indian Mumbai JDA PWD MSEDCL* Railways Port Trust Ramprastha CPWD Vodafone DSIIDC Rolta * Maharashtra State Electricity Distribution Co. Ltd 20 2013 Supreme Infrastructure India Ltd.
Slide 21: Financial Summary - Standalone
Financial Summary ‐ Standalone INCOME EBITDA PAT 21586 3084 3112 1096 19869 900 918 2435 15059 760 1565 9179 392 947 5333 FY10 FY11 FY12 FY13 FY14 FY10 FY11 FY12 FY13 FY14 FY10 FY11 FY12 FY13 FY14 FY10‐14 CAGR – 42% FY10‐14 CAGR – 35% FY10‐14 CAGR – 24% MARGIN ANALYSIS (%) RETURN ON EQUITY (ROE) % 1
Slide 22: Disclaimer
Disclaimer This presentation has been prepared by Supreme Infrastructure India Limited (“SIIL”) for informational purposes only and does not constitute or form any part of any offer, invitation or recommendation to purchase or subscribe for any securities. The information contained in this presentat
Slide 23: Thank You
Thank You For further details please contact : Vatsal Gupta Ammeet Sabarwal Supreme Infrastructure India Ltd. Dickenson Seagull IR Contact No: 022 61289700 Contact No : +91 9819576873 Email: vatsalg@supremeinfra.com Email : ammeet.sabarwal@dickensonir.com 23 2013 Supreme Infrastructure India Ltd.
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