Power Mech Projects Ltd. · NSE:POWERMECH
Power Mech Projects — Q4 FY2023 Earnings Presentation
39 slides from Power Mech Projects's earnings presentation, May 30, 2023
Slide 1: Investor Presentation cover letter to stock exchanges
ftJ POWER MECH. Growth Unlimrted Date: 30.05.2023 To To Department of Corporate Services, National Stock Exchange of India Limited, BSELimited, Exchange Plaza, PJTowers, Dalal Street, Bandra Kurla Complex, Bandra (E) MUMBAI- 400001 MUMBAI-400051 Dear Sir/Madam, Sub: Investor Presentation Ref: BSEScr
Slide 2: Power Mech Projects Limited Investor Presentation – May 2023
™ Power Mech Power Mech Projects Limited Investor Presentation – May 2023 Growth Unlimited
Slide 3: Safe Harbor
" po~ Safe Harbor ~Growth This presentation and the accompanying slides (the “Presentation”), which have been prepared by Power Mech Projects Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subsc
Slide 4: Power Mech at a Glance
" po~ Power Mech at a Glance ~Growth A leading Industrial Services and Construction Company providing versatile and comprehensive service in power and infrastructure sector Established in 1999 by Mr. S. Kishore Largest O&M service provider in India, 94 Babu, a technocrat and first‐generation On‐goin
Slide 5: Mission & Vision
" po~ Mission & Vision ~Growth Mission To be the best and most competitive industrial and infrastructure engineering, construction & services Company. Vision To provide services with: • Highest level of workmanship, exemplary speed by continuously enhancing organizational skills through innovation &
Slide 6: Journey of 3 decades
" po~ Journey of 3 decades ~Growth First Decade Second Decade Third Decade of Marching Forward • Power Mech story began in 1999 • Became ‘service provider of choice’ for large • Leveraging growth with investments of Rs. 111 Lakh customer base and registered a revenue of Rs. 1,000 Crores planned as p
Slide 7: Major milestones and achievements
" po~ Major milestones and achievements • Entered Oman, Saudi Arabia, Bahrain ~&Growth • Major orders in Super Critical • First ETC of 1 X 63 Tph and Nigeria Projects, Erection, Structural 2 X 165 Tph AFBC Boilers, • First O&M project (Public Sector)‐ Singareni Fabrication work, Sepco, Adani, 20.85
Slide 8: Established Track Record
'" Established Track Record ?8 Growth nlimited 2.37 Lakhs 28.3 Lakhs MT 68,375 MW 6,792 MW Erection works executed till MT engaged in aggregate unit Commissioned in now Structural fabrication capacity of the O&M & AMC Overseas Market works completed 11.8L inch 68,646 MW 15 Lakhs sq.ft. 546 Kms mts e
Slide 9: Business Overview
Business Overview Industrial Services (O&M) ?8 Growth Unlimited Infrastructure Construction Provide comprehensive & integrated Operation & Maintenance (O&M) services in mechanical, electrical & C&I front under one roof. Overhauling and Maintenance of Boiler, Turbine & Foundation, Decks, Industrial B
Slide 10: Growth Opportunities
" po~ Growth Opportunities ~Growth Industrial Construction Infrastructure Construction • Dominant role in ETC business of new projects in pipeline of more capacity addition • Investments of Rs. 1.4 lakh Crores in capacity expansion in segments of railway works of about 21,000 MW in coal‐based plants
Slide 11: Growth Opportunities
" po~ Growth Opportunities ~Growth Electrical Transmission & Water & Hydro Power Distribution • Development of Distribution Infrastructure for various DISCOMs under the Revamped • Budget for Jal Jeevan Mission enhanced to Rs.70,000 Cr. During the last year. Reforms‐based and Results‐linked, Distribu
Slide 12: Company’s Strengths
Company’s Strengths ?8 Growth Unlimited Very strong cross functional teams Huge Asset Base with over 300 across Business Development, Comprehensive service cranes and other construction Engineering, Finance, Project provider in Power and Non‐ equipment’s Execution & Construction Power Sector Managem
Slide 13: Project Management Infrastructure
Project Management Infrastructure ?8 Growth Unlimited Primavera, MS Project Large construction Application & Integrated equipment base Project Management Approach 11,672 HR Base SAP Site level, Support Engineers, Supervisors, functions Productivity, Technicians, HSE, FQA Data Management Other Staff
Slide 14: Business Strategy
'" Business Strategy Expanding the services footprint & leveraging technical expertise to target higher margin contracts ?8 Growth nlimited Backward and Has been at core for business consolidation and forward growth & this motto continues to drive integration future endeavours In domestic sector of
Slide 15: Expansion of O&M business
TM Expansion of O&M business Expanding of O&M service into other sectors & new horizons 18 Growth Unlimited Thermal, Gas & Hydro Power (Domestic) Fully Developed Partially Steel Exports (Power & Developed Desalination Plants) To be Developed m Refinery & Petro Electrical Chemical Network Maintenance
Slide 16: Global Footprint
TM Global Footprint 18 Growth Unlimited Global Presence. Indian Roots. Power Mech's expertise across SBUshas helped It diversify across geographies. hedging risks. protecting margins and enhancing revenue visibility. The company's strengthened pre-qualificatlon capability has o Kazakhstan helped wid
Slide 17: Domestic Clients
'" Domestic Clients Established Relationships with Clients – Domestic Projects ?8 Growth nlimited 1."""'·] NTPC .·. ,ajjj o Reliance SIEMENS Industries Limited tit MANAGENCO adan" ...It! ..... (eSC T'OSHIBA L,eadi:ng I:tnruwatlolil >)) TATAPOWIER ~LIMUl'D ~ vedanta ~- aKARNATAKA POWER CORPORATION LT
Slide 18: International Clients
International Clients Established Relationships with Clients – International Projects ?fJ Growth Unlimited d~..:Ii SIEMENS ADNOC . ..;~,.......,. --- ~ • UUii lII:lI OANGOTE s:MITSUBlSHI® liSia~ ilalimpianli I' ABEIMA ~~ ~'lJd.ENOr-EERS l","i'Ii'IUt_~) INDIA LIMITED ~AGcM m"'UrIde!~J HYUNDAI HEAVY I
Slide 19: Board of Directors
Board of Directors Sajja Kishore Babu, CMD Sajja Lakshmi, Non-Executive Director ?8 Growth Unlimited Founder of the Company, holds a Bachelor’s Science Graduate, holds a place in the HR degree in Mechanical Engineering. Possesses 37 management of the Company and CSR Committee. years of experience in
Slide 20: Professional and Experienced Management
TM Professional and Experienced Management 18 Growth Unlimited S. Rohit, President, BD & Operations S Kodandaramaiah, Director – BD (Non- MBA from University of Oxford & Master’s degree in Board) Engineering Management from USC, heads the Overseas Post‐Graduate in Mechanical Engineering. More than 4
Slide 21: Professional and Experienced Management
Professional and Experienced Management Vijaya Bhaskara Rao Munagala, Vice President Pi Growth Unlimited Anantha Reddy, Sr. VP - Electrical T&D – BD & Contracts Management MBA in Project Mgmt, B.E.E. (AMIE) Kolkata & Diploma in Holds B.M.E. from the Institution of Engineers (India), Electrical Engg.
Slide 22: Financial Performance
Financial --- Ql 03 Performance TM Power Mech Q3 Growth Unlimited
Slide 23: Quarterly Performance Analysis
" po~ Quarterly Performance Analysis ~Growth Total Revenue Mix (Rs. Crores) EBITDA (Rs. Crores) & EBIDTA Margin 1,183 11.8% 140 148 120 11.6% 905 912 10.8% 100 11.4% 11.6% 152 749 774 144 152 161 80 761 140 516 492 60 367 98 106 376 40 86 90 260 247 20 217 196 226 Erection Works 3 17 2 23 3 17 3 13
Slide 24: FY23 Performance
" po~ FY23 Performance ~Growth Total Revenue Mix (Rs. Crores) EBITDA (Rs. Crores) 11.6% 3,618 450 400 606 350 11.1% 2,728 300 521 250 1,995 200 421 1,290 150 303 100 805 930 50 Erection Works 18 93 18 69 0 Civil Works FY22 FY23 FY22 FY23 O&M* Total Revenue Mix (%) PAT** (Rs. Crores) Electrical Other
Slide 25: Consolidated Profitability Statement
" po~ Consolidated Profitability Statement ~Growth Particulars (Rs. in Cr) Q4FY23 Q4FY22 YOY Q3FY23 QOQ 12MFY23 12MFY22 YOY Revenue from Operations 1,174 902 30% 909 29% 3,601 2,711 33% Other Income 9 3 3 17 17 Total Revenue 1,183 905 31% 912 30% 3,618 2,728 33% Material Consumed 205 110 111 519 335
Slide 26: Historical Performance
" po~ Historical Performance ~Growth Total Revenue Mix (Rs. Crores) EBITDA (Rs. Crores) & EBITDA Margin 12.9 13.4 13.4 12.9 3.1 11.1 11.6 % % % % % % % 3,618 606 2,728 421 400 2,275 2,174 521 1,900 305 280 303 744 1,995 300 1,555 749 446 209 1,346 1,291 200 174 648 843 617 687 644 205 343 100 58 566
Slide 27: Consolidated Profitability Statement
" po~ Consolidated Profitability Statement ~Growth Profit and Loss (Rs. in Cr) FY23 FY22 FY21 FY20 FY19 FY18 FY17 FY16 Revenue from Operations 3,601 2,711 1,884 2,165 2,261 1,548 1,338 1,378 Other Income 17 17 16 9 14 7 8 6 Total Revenue 3,618 2,728 1,900 2,174 2,275 1,555 1,346 1,384 Material Consu
Slide 28: Consolidated Balance Sheet
" po~ Consolidated Balance Sheet ~Growth Assets (Rs. in Cr) Mar‐23 Mar‐22 Equity & Liabilities (in Rs. Cr) Mar‐23 Mar‐22 Non ‐ Current Assets 573 537 Total Equity 1,277 1,047 Property Plant & Equipments 182 173 Share Capital 15 15 CWIP 3 2 Reserves & Surplus 1,261 1,029 Right‐of‐Use Assets 4 5 Non‐C
Slide 29: Consolidated Cashflow Statement
" po~ Consolidated Cashflow Statement ~Growth Particulars (Rs. in Cr) Mar‐23 Mar‐22 Net Profit Before Tax 280 185 Adjustments for: Non ‐Cash Items / Other Investment or Financial Items 131 114 Operating profit before working capital changes 411 299 Changes in working capital ‐155 ‐63 Cash generated
Slide 30: Mine Development & Operation Project from CCL
" po~ Mine Development & Operation Project from CCL ~Growth • Awarded a Mine Development & Operation (MDO) project from Central Coalfields Limited (CCL), a subsidiary of Coal India Limited, aggregating to Rs. 9,294 Crores over the contract period. • Consortium of Power Mech Projects Limited and AMR
Slide 31: Strong Order Inflow
" po~ Strong Order Inflow ~Growth Rs. Crores 13,525 8,479 4,638 1,795 2,106 2,771 1,952 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Erection O&M Electrical Works Civil & Other Works Mining 0.0% 29.8% 16.3% 6.5% 27.0% 36.4% 29.2% 27.2% 35.4% 37.1% 35.4% 24.8% 45.4% 18.0% 0.8% 65.7% 68.7% 3.4% 7.4% 12.6% 4.3%
Slide 32: Order Back Log
" po~ Order Back Log ~Growth 23,027 Rs. Crores 18,149 7,333 3,705 4,268 4,783 4,575 FY17 FY18 FY19 FY20 FY21 FY22 * FY 23 * Erection O&M Electrical Works Civil & Other Works Mining 9.1% 25.6% 28.6% 26.8% 44.9% 48.9% 32.3% 51.2% 6.9% 40.4% 29.9% 23.7% 0.7% 2.1% 45.2% 46.5% 46.5% 2.6% 4.7% 9.3% 6.5% 0
Slide 33: Our Projects
™ Power Mech Growth Unlimited Our Projects
Slide 34: Industrial Construction: Domestic Projects (Erection, Testing & Commissioning)
Industrial Construction: Domestic Projects (Erection, Testing & Commissioning) 3x660 MW Nabinagar STPP, NPGCL 3x660 MW Barh STPP, NTPC 2x660 MW Suratgarh STPP, Lowering of pipe at Mundra to Kandla pipeline RRVUNL project‐90 KM, Adani 2x500 MW Neyveli TPP, NLC 1x660 MW Harduaganj TPS, 5x800 MW Yadadr
Slide 35: Infrastructure Construction: Civil, Architecture & Railway Works
TM Infrastructure Construction: Civil, Architecture & Railway Works 18 Growth Unlimited 5X800 MW Yadadri TPS, TSGENCO 1x800 Mw TPSS, North Chennai, TNNGEDCO 1X660 MW Bhusawal TPS at Maharastra‐ MAHAGENCO Construction of Roadbed, Major and Minor Bridges, Track Linking, Gudivada ‐ Machilipatnam sectio
Slide 36: Overseas Business
Overseas Business ?8 Growth Unlimited 4X660 MW Shuqiaq SSPP, KSA 25 MW,Ray Project‐RAY International LLC, Oman 1,516 MW IBRI IPP, SEPCO – 3, Oman 2X660 MW at Rampal, Maitree, (Completed Project) (Completed Project) Bangladesh‐BIFPCL 1,800 MW Alba PS5 CCPP, Bahrain 1,390 MW Waad Al Shamal ISCCPP, GE,
Slide 37: Operations & Maintenance (O&M)
Operations & Maintenance (O&M) ?8. Growth Unlimited Siemens ‐138 MW Gas Turbine Paguthan TG Overhauing 600 MW Jharsuguda Bearing Diassembly At NTPC‐Simhadri Control & Stop Valves Overhauling Sipat 660 Vedanta MW Capital Overhauling of Turbine 63 MW, SV HP Heater Replacement 800 MW, CGPL Cuplock Scaf
Slide 38: Manufacturing Facility, Hydro Power & Water
TM Manufacturing Facility, Hydro Power & Water 18 Growth Unlimited 27.5 MLD STP, Networking at Palwal, Railway – Axil Box Housing Fibrizer Rotor ‐ Triveni Engineering Implementation of Hydro Electric Project, 2 MCPALWAL MW at Upper Kallar, KSEB Implementation of Hydro Electric Project Head stock ‐ I
Slide 39: Contact Us
TM Contact Us For further information, please contact: 18 Growth Unlimited Company "it! -- POWER MECH PROJECTS LTD CIN: L74140TG1999PLC032156 Mr. Mohith Kumar Khandelwal +91‐40‐30444418 / +91 9885149418 Email: cs@powermech.net www.powermechprojects.com Thank You 38
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