Rpp Infra Projects Ltd. · NSE:RPPINFRA
Rpp Infra Projects — Q3 FY2018 Earnings Presentation
33 slides from Rpp Infra Projects's earnings presentation, Feb 15, 2018
Slide 1: RPP Infra Projects Investor Presentation
RPP INFRA PROJECTS One of India’s most profitable rural infrastructure companies Investor Presentation February 2018
Slide 2: Robust Financial Performance
Robust Financial Performance Revenue EBITDA PBT Rs. 357 Rs. 53 Rs. 34 Crore Crore Crore + 44% YoY + 37% YoY + 50% YoY 9MFY18 2
Slide 3: Q3FY18 Performance Highlights
Q3FY18 Performance Highlights EBITDA (Rs. Crore) Revenue (Rs. Crore) PBT (Rs. Crore) EBITDA Margin (%) 14% 14.5% 20 14 137 78 11 6 Q3FY17 Q3FY18 Q3FY17 Q3FY18 Q3FY17 Q3FY18 3
Slide 4: Robust Order Book
Robust Order Book Order Book (in Sector / Vertical % Rs. crore) 27% Buildings 241 27% 41% Water Management 290 32% 32% Infrastructure 364 41% TOTAL 895 100% Buildings Water Management Infrastructure 4
Slide 5: Diversified Order Book
Diversified Order Book Order Book Trend Geographical Break Up Buildings Water Management Infrastructure 831 844 784 786 808 1,044 895 Andhra Pradesh Madhya Pradesh Telegana 4% 5% 33% 31% 3% 38% 41% 41% Kerala 51% 52% 4% Tamil Nadu Overseas 44% 17% 32% 29% 26% 43% 32% 21% 19% Karnataka 23% 35% 32% 33
Slide 6: Strong Order Pipeline
Strong Order Pipeline TANTRANSCO worth of Rs. 46 Crore Tamilnadu Water Supply and Drainage Board worth ofRs. 67 Crore Ceylon Electricity Board Sri Lanka/Siemens worth of Rs. 19 Crore IOCLworth of Rs. 112 Crore Cauvery Neeravari Nigam Limitedworth of Rs. 175 Crore Public Works Department, Water Resou
Slide 7: Q3 & 9M FY18 Profitability Highlights
Q3 & 9M FY18- Profitability Highlights Rs. Crore Q3FY18 Q3FY17 YoY 9MFY18 9MFY17 YoY Revenue from Operations 137 78 76% 357 249 44% Other Income 2 1 5 2 Total Income 139 79 76% 363 251 45% Raw Material & Fuel Costs 110 63 282 198 Employee Cost 2 1 6 4 Other Cost 7 3 21 10 EBITDA 20 11 82% 53 38 39%
Slide 8: Balance Sheet Highlights
Balance Sheet Highlights Rs. Crore Sep-17 Mar-17 Rs. Crore Sep-17 Mar-17 Shareholder’s Funds 188 174 Non-current assets 35 35 Share capital 23 23 Property Plant & Equipment 31 28 Other Equity 165 151 CWIP - 4 Other Intangible Assets - - Non-current liabilities 17 18 Financial Assets Financial Liabil
Slide 9: RPP Infra Project's Space
RPP Infra Project’s Space Fastest growing spaces Fastest growing states Safest customer Irrigation and water supply, Civil Telangana, Andhra Pradesh, The Government construction works, National Karnataka and Madhya Highways, Rural roads and other Pradesh Infrastructure works RPP Infra Fastest growin
Slide 10: Catering to some of the largest states in India
Catering to some of the largest states in India • 11th largest state of India Tamil Nadu • GSDP grew average 13% in 2016-2017 • 8th largest state of India Andhra Pradesh • GSDP grew average 10.5% in 2016-2017 • 12th largest state of India Telangana • GSDP grew average 9.2% in 2016-2017 • 9th largest
Slide 11: This strategic focus has worked in the past
This strategic focus has worked in the past Resulting in a safe Balance Sheet even in the most challenging times Resulting in attractive growth Resulting in sectoral outperformance 11
Slide 12: New Plans for Emerging India
New Plans for Emerging India Atal mission for rejuvenation and urban transformation (AMRUT) Madhya Pradesh Local Area Development Scheme Integrated Rural Development Program Jawaharlal Nehru National Urban Renewal Mission (JnNURM) Pradhan Mantri Awaas Yojana: Target to complete 1cr houses by 2019 Mi
Slide 13: Our financial growth over the years
Our financial growth over the years From a turnover of Rs. 144.55 crore in 2009-10 to Rs. 366.34 crore in 2016-17 From an operating profit of Rs. 14.74 crore in 2009-10 to Rs. 52.89 crore in 2016-17 From a cash profit of Rs. 10.72 crore in 2009-10 to Rs. 28.90 crore in 2016-17 From a net profit of R
Slide 14: Our financial journey contd…
Our financial journey contd… EBITDA (Rs. Cr) Revenue (Rs. Cr) PAT (Rs. Cr) EBITDA Margin (%) 17.3% 23.9 16.6% 17.7% 16.0% 14.4% 366.3 20.7 52.8 51.2 314.7 17.3 45.6 263.1 257.2 38.9 38.0 232.9 11.3 10.9 FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17 14
Slide 15: Our financial journey contd…
contd… Our financial journey Book Value Per Share (Rs.) RONW (%) EPS (Rs.) 76.8 67.0 60.0 52.0 10.6 45.0 13.8% 13.7% 9.1 12.7% 7.6 10.6% 9.4% 5.0 4.8 FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17 FY13 FY14 FY15 FY16 FY17 15
Slide 16: One of the most profitable rural infrastructure companies
One of the most profitable rural infrastructure companies EBIDTA margin Order book Sustainable at 15% 33% in the last of order book focused on Five years generating EBIDTA in excess of 14% 16
Slide 17: Sustainable growth the result of a robust business model
RPP Infra’s sustainable growth in the most challenging times is the result of a robust business model 17
Slide 18: Margin outperformance the result of a Distinctive Business Model
Margin outperformance the result of a Distinctive Business Model Spaces Regional Solutions Engaged in verticals that represent South India focus; deep terrain national priorities; proxies for‘ Design to implementation in civil homes’, ‘transportation’, ‘food’, competence; zone outperforming construc
Slide 19: 4 Principal Elements of Business Model
4 Principal Elements of Business Model A robust Balance Sheet Prudent selection of verticals 2 Order Book 1 3 Rs. 895 Cr 4 Rich knowledge capital Focus on government contracts 19 Order Book as on December 2017
Slide 20: Focus on Specific Verticals
Focus on Specific Verticals Civil construction (Building projects): 28.05% of revenues, 2016-17 Irrigation and water supply projects: 21.06% of revenues, 2016-17 Infrastructure and road projects: 50.88% of revenues, 2016-17 Focus on Government Projects 20
Slide 21: Government Contracts
Government Contracts Government largest infrastructure spender in India Growing delegation of spending from centre to States States spending larger amounts in most areas of the company’s presence Government contracts accounted for 100% of order book (31st March 2017) Bad debts (0.8% of turnover, 201
Slide 22: Knowledge Capital
Knowledge Capital Long Project Projects Credible experience tenure experience completion client record capability Attractive Bidding Alliances Awards and projects delivered competence recognition 22
Slide 23: Projects Experience
Projects Experience Power Projects Industries Water & Irrigation Infrastructure Building Civil work Sub Station at Atomic Energy- BHEL- Tirchy , TN Construction of Civil Supply Godown KPTCL, Karnataka Kalpakkam ( Phase I Contour Canal for at Various Places MRPL, Mangalore, & II) 49.30 Km
Slide 24: Projects Completion Capability
Projects Completion Capability Completed most projects on schedule with no delay at the company’s end Captive equipment availability Rs. 30Cr SBU-based business, resulting in project control 90 Engineers 150 Employees Aggregate experience of 1500 Person - years 24
Slide 25: Credible client record who work on Government Contracts
Credible client record who work on Government Contracts 25
Slide 26: Bidding Competence Alliances
Bidding Competence Alliances Focus on projects that represent challenges, Entered into alliances with two global companies niceness and attractive margins to strengthen pre-qualification capability Bidding competence (25% strike rate in Will enable the company to bid for larger Southern stat
Slide 27: Awards and Recognition
Awards and Recognition Excellence of Construction award from 'Kongu Polytechnic College, Perundurai, in the year 2004 Award for Construction of Anna University, Chennai in the year 2005 Excellence of construction award from 'Neyveli Lignite Corporation, Neyveli (NLC) in the year 2007 Excellence of C
Slide 28: Case for National Optimism
Case for National Optimism Prominent nation- Government focus on driving schemes growing the country’s Tamil Nadu to drive comprising ‘Power for construction, power, capital expenditure; All by 2022’, Pradhan railways, roads, Andhra Pradesh Mantri Gram Sadak Focus on stalled highways, townships focu
Slide 29: Some Macro Infrastructure Numbers
Some Macro Infrastructure Numbers 01 Andhra Government planned Rs.73,000 cr for setting up smart industrial township in 10,000 hectares involving at least 200 industries 02 Under Bharatmala Pariyojana, an estimated cost of Rs. 5.35 lakh crore has been approved for Phase I 03 The government increased
Slide 30: A Quick Recap: 6 Points Fast-Tracking RPP Infra's Growth
A Quick Recap 6 Points that are Fast -Tracking RPP INFRA’S Growth Order Book of Rs. 895 crore as on 31st December 2017 01 Conscious avoidance of BOT & private sector-awarded projects Integrated business presence – conceptualize, conceive, 02 construction and commission infrastructure assets Signific
Slide 31: Board of Directors
Board of Directors A Civil Engineer by qualification Mr. R.P. Arulsundaram Started RPP in 1988 as a partnership firm Chairman and Managing Director Practical Experience of more than 23 years in construction industry Trustee in the Erode District Builder’s Association Engineering Collage Ma
Slide 32: Board of Directors
Board of Directors Bachelor of Engineering from National Institute of Technology, Fellow of Mr. K. Ravi Institution of Engineers & Certified Maintenance and Reliability Independent Director Professional Over 43 years of experience in engineering industry Holds a Bachelor of Engineering in Civi
Slide 33: Let's Connect
LET’S CONNECT RPP INFRA PROJECTS LIMITED STELLAR IR ADVISORS PVT. LTD. CIN: L45201TZ1995PLC006113 CIN: U74900MH2014PTC259212 Mr. K. Jayanthar Mr. Vikash Verma/ Mr. Gaurang Chotalia secretary@rppipl.com vikash.verma@stellar-ir.com / gaurang.chotalia@stellar-ir.com www.rppipl.com