Power Mech Projects Ltd. · NSE:POWERMECH
Power Mech Projects — Q3 FY2023 Earnings Presentation
38 slides from Power Mech Projects's earnings presentation, Feb 7, 2023
Slide 1: Cover letter: Investor Presentation Q3 FY23
J(f POWER MECH® Growth UnlimIted Date: 07.02.2023 To To Department of Corporate Services, National Stock Exchange of India Limited, SSE Limited, Exchange Plaza, PJ Towers, Dalal Street, Sandra Kurla Complex, Sandra (E) MUMBAI - 400001 MUMBAI -400051 Dear Sir/Madam, Sub: Investor Presentation Ref: BS
Slide 2: Power Mech Projects Limited Investor Presentation February 2023
P ower Mech ™ Power Mech Projects Limited Investor Presentation – February 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, 95 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 • Non‐power sector key for growth with investments of customer base and registered a revenue of Rs. Rs. 111 Lakh Crores plan
Slide 7: Major milestones and achievements
" po~ Major milestones and achievements ~Growth • Entered Oman, Saudi Arabia, Bahrain & • Major orders in Super Critical Nigeria Projects, Erection, Structural • First O&M project (Public Sector)‐ Singareni Fabrication work, Sepco, Adani, Collieries BGR, CLP • Completed international projects at • F
Slide 8: Established Track Record
'" Established Track Record ?8 Growth nlimited 2.14 Lakhs 68,375 MW 6,792 MW 27.2 Lakhs MT MT engaged in aggregate unit capacity of the O&M & AMC Commissioned in Structural fabrication Overseas Market Erection works executed works completed till now 67,960 MW 15 Lakhs sq.ft. 546 Kms 11.5L inch engag
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 about 8,000 MW in • Investments of Rs. 1.4 lakh Crores in capacity expansion in segments of railway works coal‐based plants. • On going investments in
Slide 11: Growth Opportunities
" po~ Growth Opportunities ~Growth Electrical Transmission & Water & Hydro Power Distribution • Budget for Jal Jeevan Mission enhanced to Rs.60,000 Cr. During the last year, more • Development of Distribution Infrastructure for various DISCOMs under the Revamped than 2.06 Crore rural households were
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 13,237 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 Has been at core for business consolidation and Backward and growth forward & this motto continues to drive integration future endeavours In domestic sector of
Slide 15: Expansion of O&M business
1M Expansion of O&M business Expanding of O&M service into other sectors & new horizons ?8 Growth Unlimited Thermal, Gas & Hydro Fully Power (Domestic) Developed Partially Developed To be Steel Developed Exports (Power & Desalination Plants) Electrical Refinery & Petro Network Chemical 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 o Reliance SIEMENS Industries Limited tit MANAGENCO adan" ...It! ..... ~LIMUl'D (eSC T'OSHIBA L,eadi:ng I:tnruwatlolil >)) TATA POWER L ~ vedanta ~- .JIHDIlY "KARNATAKA POWER CORPORATION LTD. NIMDC STEE
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
no Board of Directors Sajja Kishore Babu, CMD 18 Growth Unlimited Sajja Lakshmi, Non-Executive Director 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
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 905 912 11.6% 100 11.0% 10.8% 11.4% 11.6% 152 749 774 144 650 80 152 161 127 60 516 492 106 367 98 90 268 376 40 86 72 20 226 217 196 226 260 Erection Works 4 25 3 17 2 22 3 17 3 12 0 Civi
Slide 24: Consolidated Profitability Statement
" po~ Consolidated Profitability Statement ~Growth Particulars (Rs. in Cr) Q3FY23 Q3FY22 YOY Q2FY23 QOQ 9MFY23 9MFY22 YOY Revenue from Operations 909 646 41% 771 18% 2427 1808 34% Other Income 3 4 3 8 14 Total Revenue 912 650 40% 774 18% 2435 1822 34% Material Consumed 111 77 91 314 224 Contract Exe
Slide 25: Historical Performance
" po~ Historical Performance ~Growth Total Revenue Mix (Rs. Crores) EBITDA (Rs. Crores) & EBITDA Margin 13.5 12.9 13.4 13.4 12.9 3.1 11.1 % % % % % % % 2,728 2,275 2,174 521 400 1.0 1,900 305 303 744 749 300 280 0.8 1,555 446 1,384 1,346 1,290 209 0.6 648 200 187 174 644 843 617 687 799 0.4 205 343
Slide 26: Consolidated Profitability Statement
" po~ Consolidated Profitability Statement ~Growth Profit and Loss (Rs. in Cr) FY22 FY21 FY20 FY19 FY18 FY17 FY16 Revenue from Operations (Net of Excise) 2,710 1,884 2,165 2,261 1,548 1,338 1,378 Other Income 17 16 9 14 7 8 6 Total Revenue 2,728 1,900 2,174 2,275 1,555 1,346 1,384 Material Consumed
Slide 27: Consolidated Balance Sheet
" po~ Consolidated Balance Sheet ~Growth Assets (Rs. in Cr) Mar‐22 Mar‐21 Equity & Liabilities (in Rs. Cr) Mar‐22 Mar‐21 Non ‐ Current Assets 537 500 Total Equity 1,046 908 Property Plant & Equipments 173 165 Share Capital 15 15 CWIP 2 5 Reserves & Surplus 1,029 890 Right‐of‐Use Assets 5 7 Non‐Contr
Slide 28: Consolidated Cashflow Statement
" po~ Consolidated Cashflow Statement ~Growth Particulars (Rs. in Cr) Mar‐22 Mar‐21 Net Profit Before Tax 185 ‐60 Adjustments for: Non ‐Cash Items / Other Investment or Financial Items 114 112 Operating profit before working capital changes 299 52 Changes in working capital ‐61 96 Cash generated fro
Slide 29: 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 30: Strong Order Inflow
" po~ Strong Order Inflow Rs. Crores ~Growth 13,525 8,479 6,948 4,638 2,106 2,771 1,952 FY18 FY19 FY20 FY21 FY22* Sep‐22 (H1) Dec‐22 (9M) Erection O&M Electrical Works Civil & Other Works Mining 0.0% 0.0% 4.6% 16.3% 6.5% 2.4% 3.4% 29.2% 27.2% 29.8% 0.0% 35.4% 36.4% 24.8% 93.0% 12.5% 45.4% 18.0% 7.4%
Slide 31: Order Back Log
" po~ Order Back Log Rs. Crores ~Growth 23,579 24,201 18,149 7,333 4,268 4,783 4,575 FY18 FY19 FY20 FY21 FY22* Sep 22 * Dec 22 * Erection O&M Electrical Works Civil & Other Works Mining 0.0% 0.0% 9.1% 28.6% 23.7% 26.8% 6.9% 32.3% 33.1% 34.1% 38.4% 46.5% 46.5% 44.9% 48.9% 51.2% 39.4% 9.3% 6.5% 4.7% 3
Slide 32: Our Projects
™ Power Mech Growth Unlimited Our Projects
Slide 33: 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 34: 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 35: 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 36: 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 37: 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 38: 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 37
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