Engineers India Limited · NSE:ENGINERSIN

Engineers India — FY2020-21 Earnings Presentation

47 slides from Engineers India's earnings presentation, Jun 9, 2021

  1. Slide 1: Exchange filing cover letter

    $8ilfblni!f • ENGINEERS ~@<JI Fclfdles ~· ·liM INDIA LIMITED ('liR<'r ~ Ci>T ~) (A Gov t. o f India Unde rtaking) ~ ~ : ~ ~ 1J'<R", 1, ~ <m"'T ~. "'Ill' ~-1 1 0 066 'IT"'<'<! Regd . Office: Engi neers Ind ia B hawan . 1 . Bhika ij i Cama Place, New D e lhi-1 10 066 IN DIA ~/e-mail: compa ny.secretar

  2. Slide 2: Investor Presentation Annual Results FY 20-21

    Investor Presentation Annual Results : FY 20-21 8th Jun 2021

  3. Slide 3: Contents

    Contents Page # 1 Overview of Engineers India Limited (“EIL”) 3 2 Track Record and Credentials 11 3 Financials and Order Book Overview 19 4 Major Order secured in FY 2020-21 31 5 Orders in hand and Outlook 36 2

  4. Slide 4: Overview of Engineers India Limited (EIL)

    1 Overview of Engineers India Limited (“EIL”)

  5. Slide 5: Company Background

    Company Background Marquee Projects  India’s leading engineering consultancy & EPC company BPCL Refinery, Kochi  Over 7000 assignments executed for projects worth over USD 200 Bn  More than Five decades of experience on landmark projects Bina Refinery  Significant track record across entire oil

  6. Slide 6: Evolution & Key Milestones – Over 5 decades

    Evolution & Key Milestones – Over 5 decades  Wholly owned  Commenced  Expansion in  Diversified into  Commenced  Buy back of EIL Government first Hydrocarbons Infrastructure services in sub- Shares in 2017 - INR of India (GoI) international value chain in 2001 surface crude 658 Cr company assi

  7. Slide 7: Lines of Business

    Lines of Business Oil & Gas Petrochemicals & Metallurgy Oil and Gas Refinery Petrochemicals Mining and Processing Metallurgy Infrastructure Storages and Fertilizers Strategic Storage, Fertilizer Smart Cities & Urban Water and Waste Terminals and Pipelines Infrastructure Management 6

  8. Slide 8: Service Offering - From Concept to Commissioning

    Service Offering - From Concept to Commissioning Process Design Engineering Procurement  Pre-feasibility studies  Residual engineering and FEED  Supplier and contractor  Technology and licensor selection management  Detailed engineering  Conceptual design & feasibility  Engineering for procur

  9. Slide 9: Modes of Contracts Managed

    Modes of Contracts Managed Consultancy Contracts  Front-end Engineering & Design 1 2 for complete definition of scope  Engineering, Procurement and FEED for selection of EPC contractor Construction Management EPCM 3  Project Management Services Consultancy Services for PMC managing EPC contractor

  10. Slide 10: Technology at the forefront of Consultancy Services

    Technology at the forefront of Consultancy Services o R&D Center with multiple pilot and demo facilities at Gurugram o Developed more than 35 Process Technologies o 36 live Patents, 31 patent applications filed Delayed Coking & Vis- breaking o Technology collaboration with Research Aromatic Paraffin

  11. Slide 11: Capital Investments – as on Q4 FY 20-21

    Capital Investments – as on Q4 FY 20-21 Description Investment 1 Investment 2 Investment 3 Name Ramagundam Fertilizer NELP IX : Two Upstream Assets Minority stake in Project Numaligarh Refinery Ltd. (CB-ONN-2010 / 8) CB-ONN-2010 / 11 Implementing M/s Ramagundam M/s Bharat Petro M/s GAIL India Ltd. -

  12. Slide 12: Track record and Credentials

    2 Track record and Credentials

  13. Slide 13: Strong Track Record with diverse client base

    Strong Track Record with diverse client base 89 Major Refinery Projects As of March 2021 incl 10 Green-field Projects 44 Oil & Gas 12 Major Petrochemical Projects Processing Projects 213 Offshore Projects including Process Platforms 50 Pipeline Projects 11 Fertiliser Projects BCIC BCPL 14 Ports & St

  14. Slide 14: Leadership Position in Refineries & Petrochemicals in India

    Leadership Position in Refineries & Petrochemicals in India Milestones HMEL Petro Plant Bongaigaon Petro. Plant  20 out of 23 Refineries in India Pata Petro. Plant 1&2 HMEL- GGSR Refinery have EIL Footprints Panipat Refinery PUNJAB Guwahati Refinery  Installed 10 out of the 11 mega Mathura Refiner

  15. Slide 15: Increased Focus in Overseas Geographies

    Increased Focus in Overseas Geographies Select Overseas Projects across various segments Sector Country Client Sector Country Client Refinery Nigeria Dangote Fertilizers Nigeria Indo Rama Refinery Bangladesh ERL Fertilizers Indonesia PAU Fertilizer Refinery Algeria Sonatrach Fertilizers Bangladesh B

  16. Slide 16: EIL Manpower Resources

    EIL Manpower Resources Qualification Count Personnel Experience Graduates in Engineering 2072 11% Post Graduates in Engineering 265 21% Doctorates in Engineering 13 20% Total Personnel with Engineering 2350 Qualification (Technical Manpower) 48% Other Professionals 130 0 to 10 10 to 20 20 to 30 30 &

  17. Slide 17: Experienced Leadership: Executive Directors

    Experienced Leadership: Executive Directors (as on 31st Mar 2021) Mr.R.K.Sabharwal  More than 33 years of rich experience. Well conversant with various aspects of international trade, EXIM Director procedures, taxation, legal aspects etc. and has proven competence in systems development. (Commercia

  18. Slide 18: Experienced Leadership: Non-Executive Directors

    Experienced Leadership: Non-Executive Directors (as on 31st Mar 2021) Mr. B N Reddy Govt Nominee  Mr. B N Reddy has been appointed as a Government Nominee Director on the Board effective May 27th ‘2019. He is an IFS Officer and has served in various Indian Missions in Indonesia, Lao-PDR, New York,

  19. Slide 19: Awards and Accolades (2019-20)

    Awards and Accolades (2019-20)  12th CIDC Vishwakarama Awards 2021 for Best Construction Projects - Establishment of Main Campus of Central University of Punjab in Bathinda received on March 7, 2021  12th CIDC Vishwakarama Awards 2021 for Best Practices in Construction HSE - MS Block BPCL Kochi Re

  20. Slide 20: Financials and Order Book Overview

    3 Financials and Order Book Overview

  21. Slide 21: Financial and Operating Track Record - Consolidated

    Financial and Operating Track Record - Consolidated Total Income (INR mn)* Revenue Segmentation* 40,000 Consulting Turnkey 100% 80% INR mn 30,000 60% 20,000 40% 81% 34,921 78% 33,329 26,981 56% 49% 51% 55% 20% 44% 45% 10,000 17,022 20,005 19% 22% 0% 0 2016-17 2017-18 2018-19 2019-20 2020-21 2016-17

  22. Slide 22: Financial and Operating Track Record - Consolidated

    Financial and Operating Track Record - Consolidated EBITDA## Performance (INR mn)* 6,000 23% 25% 21% 20% 4,000 15% 14% 15% INR mn 6% 10% 4,275 4,532 2,000 3,756 3,143 5% 1,949 0 0% 2016-17 2017-18 2018-19 2019-20 2020-21 EBITDA (INR mn) - LHS EBITDA Margins (%) - RHS Note: All figures have been take

  23. Slide 23: Financial and Operating Track Record - Consolidated

    Financial and Operating Track Record - Consolidated Profitability (INR mn)* Earnings per Share – EPS (INR)* Return on Net Worth (%)* INR Mn INR INR mn 6,000 40% 30,000 28,449 80% 20.0 35% 18.0 70% 25,000 23,412 23,445 24,060 16.0 4,238 30% 60% 4,000 3,833 14.0 20,000 3,302 3,684 25% 17,507 50% 22% 1

  24. Slide 24: Financial and Operating Track Record - Consolidated

    Financial and Operating Track Record - Consolidated Dividend Distribution (INR mn)* INR Mn 7,500 120% 103% 100% 6,000 88% 83% 80% 73% 80% 79% 80% 4,500 60% 3,722 60% 3,044 3,047 45% 3,000 2,408 40% 40% 1,500 1,124 20% 0 0% 2016-17 2017-18 2018-19 2019-20 2020-21 Gross Dividend incl. tax (INR) - LHS

  25. Slide 25: Annual Performance Summary – Standalone

    Annual Performance Summary – Standalone Rs Mn TURNOVER 2020-21 2019-20 2018-19 2017-18 2016-17 2015-16 Consultancy 13,833 15,653 13,494 13,793 11,650 10,074 Turnkey 17,214 16,377 10,949 4,083 2,836 5,036 Consultancy + Turnkey 31,047 32,030 24,443 17,876 14,486 15,110 Other Income 1,949 2,580 2,251 1

  26. Slide 26: Quarterly Performance Summary – Standalone

    Quarterly Performance Summary – Standalone Rs Mn TURNOVER Q1 Q2 Q3 Q4 H1 H2 9M Annual Consultancy – Domestic 2052.1 2580.2 2665.0 3095.3 4632.3 5760.3 7297.3 10392.6 Consultancy - Overseas 699.1 872.2 917.8 951.5 1571.3 1869.3 2489.1 3440.6 Consultancy Total 2751.2 3452.4 3582.8 4046.8 6203.6 7629.6

  27. Slide 27: Quarterly Performance Track Record - Standalone

    Quarterly Performance Track Record - Standalone Total Income Consultancy Turnkey Other Income 10,000 8,000 7120 INR Mn 6,000 5255 4521 4785 4,445 4,017 4,047 4,000 3,324 3490 3,425 3,522 3,540 3697 3,651 3,452 3382 3,583 3,223 2904 2,751 2510 2345 2604 1927 2,000 522 614 519 596 583 655 657 685 497

  28. Slide 28: Quarterly Performance Track Record – Standalone

    Quarterly Performance Track Record – Standalone Segment Wise Operating Profit 1,745 Consultancy Turnkey 1,564 1,500 1,373 964 1,019 1,011 968 900 902 933 910 INR Mn 1,000 500 393 400 285 147 175 143 163 160 130 79 30 63 65 0 Q1 18-19 Q2 18-19 Q3 18-19 Q4 18-19 Q1 19-20 Q2 19-20 Q3 19-20 Q4 19-20 Q1

  29. Slide 29: Business Secured and Order Book – Standalone

    Business Secured and Order Book – Standalone Rs Mn Business Secured FY 20-21 FY 19-20 FY 18-19 FY 17-18 FY 16-17 Consultancy Turnkey 0% 1% 100% Consultancy (domestic) 14,550 8,119 14,942 13,572 20,319 22% 80% Consultancy (overseas) 1,011 8,053 911 3,036 2,644 60% 60% 73% 100% 99% Consultancy Total 1

  30. Slide 30: Orders Secured Break up - Standalone

    Orders Secured Break up - Standalone Consultancy Vs LSTK Consultancy Domestic Vs Overseas Consultancy LSTK Domestic Overseas 1% 7% 99% 93% Consulting Total Orders Segmental Break up Segmental Break up 28.73% 28.97% HYDROCARBONS HYDRO INFRA INFRA METAL, POWER & 2.99% OTHERS 2.91% METAL, POWER & CHEMI

  31. Slide 31: Order Book Break up - Standalone

    Order Book Break up - Standalone OBP: Consultancy Vs LSTK OBP: Domestic Vs Overseas 14% 43% Consultancy Domestic Overseas 57% LSTK 86% Note : Data on unconsolidated basis 30

  32. Slide 32: Major Order secured in FY 2020-21

    4 Major Order secured in FY 2020-21

  33. Slide 33: Q4 FY 20-21: Salient Orders Secured

    Q4 FY 20-21 : Salient Orders Secured Service Contract Value Completion Project scope Client Award Date Type (Rs. Million) Date Domestic Post Bid Engineering Services to BHEL for Consultancy EPC tender for Standby SRU(525TPD) Train BHEL 296 Feb 2021 Mar 2023 of IOCL Paradip Refinery Consultancy for O

  34. Slide 34: Q3 FY 20-21: Salient Orders Secured

    Q3 FY 20-21 : Salient Orders Secured Service Contract Value Completion Project scope Client Award Date Type (Rs. Million) Date Domestic EPCM Services for Coker- B Revamp under Consultancy IOCL 742 Nov 2020 May 2024 Barauni Refinery Capacity Expansion Project PMC Services for Part-B (Nagpur- Jharsugu

  35. Slide 35: Q2 FY 20-21: Salient Orders Secured

    Q2 FY 20-21 : Salient Orders Secured Service Contract Value Completion Project scope Client Award Date Type (Rs. Million) Date Domestic EPCM Consultancy Services for 500 KTA Consultancy GAIL India Ltd. 4485 Sept 2020 Sept 2024 PDH-PP Project (Rate Reimbursable) Owner's Engineer Services for 6.0 MMTP

  36. Slide 36: Q1 FY 20-21: Salient Orders Secured

    Q1 FY 20-21 : Salient Orders Secured Service Contract Value Completion Project scope Client Award Date Type (Rs. Million) Date Domestic Project Management Consultancy Services Consultancy GAIL India Ltd. 317 May 2020 Nov 2022 for Dhamra-Haldia Pipeline Project Department of Detailed Engineering Cons

  37. Slide 37: Orders in Hand and Outlook

    Orders in Hand and Outlook > ENGINEERS sean felfates SS INDIA LIMITED

  38. Slide 38: Major ongoing Projects – Refinery

    Major ongoing Projects Project Client Project Location Refinery Projects Panipat Refinery Expansion (15 to 25 MMTPA) IOCL Panipat PRFCC, PP and SRU Project BPCL Rasayani & Mumbai BS-VI Project MRPL Mangalore Visakh Refinery Modernization Project HPCL Visakhapatnam Rajasthan Refinery Project HPCL Raj

  39. Slide 39: Major ongoing Projects – Petrochemical, LNG/LPG, Pipelines

    Major ongoing Projects Project Client Project Location Petrochemical Project PP Unit GAIL Pata Guru Gobind Singh Polymer Addition Project HMEL Bhatinda 500 KTPA Petrochemical Project GAIL Usar / Uran Methanol & Formalin Plant APL Namrup, Assam LNG / LPG Cavern 80,000 MT LPG Cavern HPCL Mangalore LNG

  40. Slide 40: Major ongoing Projects – Infrastructure and Overseas

    Major ongoing Projects Project Client Project Location Infrastructure Projects Condition Assessment & Feasibility Study, Entry Level Activities NMCG UP & Bihar Under Namami Gange Programme, NMCG Construction of UIDAI Data Centre Complex at Manesar and Different locations UIDAI Bengaluru and Office B

  41. Slide 41: Global Oil Outlook & Refining Capacity Outlook India

    Global OIL Outlook & Refining Capacity Outlook India The petrochemical industry remains a pillar of growth over the forecast period. Ethane, LPG and naphtha together account for 70% of the projected increase in oil product demand to 2026. Source: OPEC/IEA Energy Mix ( %) : India India to exhibit str

  42. Slide 42: India's Chemical industry: Unleashing the next wave of growth

    India’s Chemical industry: Unleashing the next wave of growth A consistent value creator with a positive outlook. Uncertainty for the world, possibilities for India Several global oil and gas majors are turning their sights on downstream chemical opportunities. This may increase the focus on petroch

  43. Slide 43: Atma Nirbhar Bharat

    Polymer Demand Drivers (PE/PP/PVC) Rising Middle class Infrastructure Higher Income Housing and Health Sector Urbanization Automobile/ Electronic goods Economic Application Growth Atma Nirbhar Bharat GOI Polymer Policies demand Make in India Retail-Food packaging Swachh Bharat Agriculture/

  44. Slide 44: Opportunities In Diversified Sectors

    Opportunities In Diversified Sectors URBAN INFRASTRUCTURE ALTERNATIVE FUELS  India has a requirement of investment worth Rs 50 trillion (US$ 777.73  New Bio Fuel Policy Announced by GoI billion) in infrastructure by 2022 to have sustainable development in the  GOI mandate to implement E5/E10/E20

  45. Slide 45: Strategizing for Growth

    Strategizing for Growth  Collaborative Technology  Equity Development Participation in  Alliances for  Leverage track select assets Diversification record for related  Explore sweat  Consolidate diversification equity options for presence in select projects  Focus on Middle East Alliances Hyd

  46. Slide 46: Disclaimer

    Disclaimer This presentation report is for distribution only under such circumstances as may be permitted by applicable law. It is published solely for information purposes, it does not constitute an advertisement and is not to be construed as a solicitation or an offer to buy or sell any securities

  47. Slide 47: Thank You

    THANK YOU

Engineers India — FY2020-21 Earnings Presentation on 6ix