G R Infraprojects Ltd. · NSE:GRINFRA
G R Infraprojects — Investor Presentation (August 2022)
35 slides from G R Infraprojects's investor presentation, Aug 28, 2022
Slide 1: Cover letter to stock exchanges
28th August 2022 To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C‐1 Dalal Street, Fort G Block, Bandra‐Kurla Complex, Bandra(E) Mumbai – 400001 Mumbai ‐400051 Scrip Code: 543317 Symbol: GRINFRA Subject: Company Presentation. Dear Sir, ln ac
Slide 2: Getting People Places, Faster – Company Presentation
G R Infraprojects Limited Getting People Places, Faster Company Presentation Getting People Places, Faster AUGUST 2022
Slide 3: Context
Context Disclaimer Imphal - Moreh Project Page 3 1 Highlights: Q1 FY 23 2 Page 4 What we do and key milestones 3 Page 13 Overview – Historical data 4 (Financial & Operational) Page 20 5 Annexure Page 29 2
Slide 4: Disclaimer (1/2)
Disclaimer (1/2) This presentation is issued by G R Infraprojects Limited (the “Company”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any particular person. This presentation does not constitute or form part of any offe
Slide 5: Disclaimer (2/2)
Disclaimer (2/2) The information contained in these materials has not been independently verified. None of the Company, its subsidiaries, its joint ventures, its directors or affiliates or associates, as applicable, nor any of its or their respective employees, advisers or representatives or any oth
Slide 6: Highlights: Q1 FY 23
Highlights: Q1 FY 23 Page 1 Sidhi Ganeshpur - Sansarpur Project
Slide 7: Q1 FY23 QoQ and YoY Highlights
Q1 FY 23 Total Income (Rs in Mn) EBITDA Margin* (%) & EBITDA (Rs in Mn) PAT Margin* (%) & PAT (Rs in Mn) QoQ Highlights 18.95% 20.66% 18.95% 12.80% 9.02% 18.85% 25,087 23,012 21.08% 5,183 4,361 2,652 3,211 Q4 2022 Q1 2023 Q4 2022 Q1 2023 Q4 2022 Q1 2023 Total Income (Rs in Mn) EBITDA Margin* (%) & E
Slide 8: Working capital days and debt to equity ratios
Q1 FY 23 Net Working Capital Days Debt to Equity Ratio & Net Debt to Equity Ratio (including Mob. Advances) 72 Days 77 Days 1.19 1.24 1.13 1.11 46 46 1.13 1.05 0.98 1.06 0.96 38 0.91 35 0.89 0.91 32 32 28 26 0.45 0.45 0.34 0.31 0.27 0.28 0.30 0.29 0.22 0.23 0.21 0.17 Mar-21 Jun-21 Sep-21 Dec-21 Mar-
Slide 9: Standalone Profit and Loss Statement (Rs in Millions)
Standalone Profit and Loss Statement (Rs in Millions) A B C D Particulars Q1 Q4 Q1 FYE FY 22-23 FY 21-22 FY 21-22 2021-22 Income Revenue from operations 24,767 22,681 21,332 79,192 Other income 320 331 302 1,324 Total income 25,087 23,012 21,634 80,516 Expenses Cost of materials consumed 873 1,085 5
Slide 10: Consolidated Profit and Loss Statement (Rs in Millions)
Consolidated Profit and Loss Statement (Rs in Millions) A B C D Particulars Q4 Q3 Q4 FYE FY 21-22 FY 21-22 FY 20-21 2021-22 Income Revenue from operations 26,922 23,961 22,645 84,584 Other income 138 182 100 666 Total income 27,060 24,144 22,744 85,250 Expenses Cost of materials consumed 873 1,085 5
Slide 11: Consolidated Debt
Debt Breakup (Fund Based) as on June 30, 2022 Particulars Rs. In Million STANDALONE DEBT Debentures 9080.23 20% Standalone Debt Term Loan 893.24 DEBENTURES Working Capital 575.42 4% TERM LOAN Mobilization Advance 2597.96 7% WORKING CAPITAL Total Debt 13,146.65 MOBILISATION ADVANCE #Cash and Bank 295
Slide 12: Development during the Year – Execution of Concession/Share Purchase Agreements
Development during the Year – Execution of Concession/ Share Purchase Agreements S. No. Date of Execution SPV 1. May 10, 2022 GR Ujjain Badnawar Highway Private Limited 2. May 17, 2022 GR Govindpur Rajura Highway Private Limited 3. May 17, 2022 GR Bamni Highway Private Limited 4. May 30, 2022 Rajgar
Slide 13: Robust Order Book
Robust Order Book Order book as on June 30, 2022 is Rs 1,70,056.74 Million* Project Mix Client Wise Distribution State Wise Distribution 0% 2% 4% 2% 4% 3% 9% 12% 2% 7% 10% Andhra Pradesh Bihar 10% Chhatisgarh 7% Gujarat EPC NHAI 9% Madhya Pradesh HAM REC Maharashtra Punjab Railways OTHERS 20% Rajast
Slide 14: Portfolio of HAM / Transmission Projects
Portfolio of HAM / Transmission Projects Under Construction / Appointed Date Operational Development awaited (8) (8) (8) • Reengus-Sikar • Dwarka-Devariya • Amritsar Bathinda Corridor • Nagaur-Mukundgarh • Aligarh-Kanpur • Ludhiana-Rupnagar • Phagwara-Rupnagar • Ena-Kim • Bandikui-Jaipur Corridor •
Slide 15: What we do & Key Milestones
What we do & Key Milestones 14
Slide 16: GRIL – Our Business
GRIL – Our Business TRANSMISSION RAILWAYS & EMULSION/ HIGHWAYS METRO PMB ROAD SIGNAGES AND MARKING PAINT BRIDGES METAL CRASH BARRIER 15
Slide 17: Key Milestones
Key Milestones 2021- • Achieved PCOD for first NHAI HAM 2022 project, Phagwara – Rupnagar • First HAM project awarded with Bid Project Cost • Successful listing of the Company on of ₹ 13,670.0 Mn 2016- BSE and NSE on July 19, 2021 • Divestment of equity stake in - Jodhpur Pali 2019 • Entry into Tran
Slide 18: Overview – GRIL Snapshot
Overview – GRIL Snapshot An Integrated EPC Company, with proven track record of timely project execution over last 25 years. Presence in 16 States 4 Manufacturing Units 8000+ plant & 18,000+ employees equipment Dedicated repair & Rating AA (Stable) maintenance workshop CRISIL & CARE All figures are
Slide 19: Committed to growth, with purpose
Committed to growth, with purpose FOCUSED MARKET Construction STRATEGIES Environment We understand the nations We show our care for the need, design it through environment through CSR perfection and build it to GROWING initiatives FOCUSED EPC EXPAND THE dreams PORTFOLIO TOGETHER WITH PLAYER OUR NATI
Slide 20: Strong Board with diverse experience
Strong Board with diverse experience Vinod Kumar Agarwal : Chairman and Wholetime Director He has over 25 years of experience in the road construction industry. He has been a Director on our Board since incorporation of our Company and has been instrumental in the growth of our Company. He looks aft
Slide 21: Strong Board with diverse experience
Strong Board with diverse experience Kalpana Gupta : Non-Executive Independent Director She is an associate of the Indian Institute of Bankers. In addition, she has been certified by the National Institute of Securities Markets for the completion of the securities markets foundation certification ex
Slide 22: Overview – Historical Data (Financial & Operational)
Overview- Historical Data (Financial & Operational)
Slide 23: Overview- Historical Financial Data
Overview- Historical Financial Data Revenue From Operations (Rs in Mn) EBITDA* (%) / EBIDTA (Rs in Mn) 21.42% 21.81% 79,192 19.50% 19.82% CAGR: 17.56% 72,445 26.34% CAGR: 22.57% 60,278 14,379 14,135 13,350 49,502 10,748 31,081 6,263 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2018 FY 2019 FY 2020 FY
Slide 24: Overview- Historical Financial Data
Overview- Historical Financial Data PAT (Rs in Mn) / PAT Margin (%) Net Cash Flow (Used In)/ from operating Activities (Rs in Mn) 8,312 12.63% 11.87% 11.25% CAGR: 10.59% 17.50% 6,516 7,608 5,606 7,806 9.45% 5,957 6,888 4,199 3,992 (41) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2018 FY 2019 FY 2020
Slide 25: Overview- Historical Financial Data
Overview- Historical Financial Data Net Debt/ Equity & Net Debt Fixed Assets Turnover (x) Return Ratios (%) /EBITDA (x) 6.54 6.27 0.88 0.82 6.26 6.35 0.83 32.4% 5.73 0.70 29.8% 29.0% 29.9% 27.7% 24.3% 26.9% 24.1% 0.42 0.42 20.5% 0.36 0.33 19.1% 0.23 0.20 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21
Slide 26: Overview- Historical Operational Data
Overview- Historical Operational Data Employee Count Order Book* (Rs.in Mn) 1,70,526 1,48,799 17721 1,31,039 16333 1,18,648 1,17,143 12956 11149 7321 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Employee Count Order Book *excluding gst 25
Slide 27: Strong focus on Quality Execution
Strong focus on Quality Execution Design and engineering (Centralized): Continuous improvements are made on the designs in coordination with the Project Management Team (PMT) Manufacturing (In-house across the country): Supply is synchronized with site progress and product specifications are finaliz
Slide 28: Leveraging operating efficiencies from vertical integration
Leveraging operating efficiencies from vertical integration THREE KEY STEPS IN VALUE CHAIN IN-HOUSE MANUFACTURING FACILITIES PMB, Emulsion facility & Enables efficient Road Signages, Udaipur. In-House Design & Capacity: 30,000MT designs & quick Engineering Team Emulsion Facility, changes Sandila Cap
Slide 29: Most of the projects completed ahead of schedule
Most of the projects completed ahead of schedule Rs. in million SCOD Complete earlier than Gross Bonus Bonus Period Scheduled days received Nagaur Mukundgarh Project 730 394 1,196.50 Porbandar Dwarka Project 1095 299 535.81 Shillong Bypass Project 1095 318 432.10 Hisar Dabwali PKG 2 913 106 194.40 H
Slide 30: Strong Pan-India Presence
Strong Pan-India Presence MARKET PRESENCE IN 19 STATES OF INDIA HIGHLIGHTS • Track-record of executing national and state highways, bridges, culverts, flyovers, tunnels and rail over-bridges 3 2 1 0 2 0 • Since 2006, has executed more than 100 road construction 1 0 5 7 projects and more than 20 HAM
Slide 31: Annexure
Annexure – • Industry Overview • Awards and Accolades
Slide 32: Renewed Thrust on Infra Projects – Led by Roads
Renewed Thrust on Infra Projects – Led by Roads Road Infrastructure – Crucial link in economic development Dominant Mode of Transport across Freight & Passenger In btkm 4,500 3,987 • 65% of all the 2nd 3.0% 2,891 3,196 goods in the country are 3,000 2,502 transported via roads Largest road network R
Slide 33: Macros Continue to be Positive for Roads
Macros Continue to be Positive for Roads Consistent increase in Capex Infrastructure Ministries1 make up ~80% of this expenditure 14000 Central Budget - Capital Expenditure (Rs. bn) Infrastructure Ministries as % of Total Capital Expenditure 12000 25% 18% 15% 22% 10000 26% 8000 6000 75% 82% 85% 78%
Slide 34: Awards and Accolades
Awards and Accolades Best Construction Best Construction Achievement Award for Achievement Award for Project, Faridkot- Project, Jaisalmer- Best Construction Best Construction Projects Kotakpura Barmer Projects Handia Varanasi Varanasi Ring Road 2021 Fastest Growing Construction Medal and Scroll of
Slide 35: Thank You
G R Infraprojects Limited Getting People Places, Faster Company Presentation Getting People Places, Faster Thank You Anand Rathi, CFO Plot No.18, Novus Tower, Sector-18 Gurugram, Haryana-122015, 0124-6435000
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