Vascon Engineers Limited · NSE:VASCONEQ
Vascon Engineers — Q1 FY2021 Earnings Presentation
19 slides from Vascon Engineers's earnings presentation, August 2020
Slide 1: Investor Presentation | August 2020
INVESTOR PRESENTATION | August 2020
Slide 2: Disclaimer
DISCLAIMER This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vascon Engineers Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any sec
Slide 3: Business Update - Gradually Ramping-Up Operations
BUSINESS UPDATE- GRADUALLY RAMPING-UP OPERATIONS • April, May and June 2020 witnessed significantly lower execution activity Resumption of • In July 20, resumed execution at majority of our project sites with the relaxation in lock‐down and Construction gradually ramping‐up the executions Activity •
Slide 4: P&L Highlights - Q1FY21
P&L HIGHLIGHTS- Q1FY21 Standalone Consolidated Particulars (Rs. Cr) Q1 FY21 Q1FY20 Q1 FY21 Q1FY20 Revenue 32.34 95.63 42.77 130.68 Other Income 3.19 9.91 2.57 10.80 Total Income 35.53 105.54 45.34 141.48 Construction Expenses / Material Consumed 29.04 76.34 35.40 97.04 Employee Cost# 9.08 10.74 15.1
Slide 5: Q1FY21 - Segmental Profit & Loss - After Allocation
Q1FY21- SEGMENTAL PROFIT & LOSS - AFTER ALLOCATION Particulars (Rs. Cr) RE# EPC## GMP Inventorised Total Revenue 1.31 33.60 10.72 45.63 Cost of Sales 1.28 29.79 6.30 0.12 37.49 Gross Profit 0.03 3.81 4.42 8.14 Gross Profit Margin % 2% 11% 41% 18% Other Income 0.08 0.88 1.31 2.27 Employee Cost 4.13 4
Slide 6: Business Overview
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Slide 7: Vascon - At a Glance
VASCON – AT A GLACE ENGINEERING PROCUREMENT & CONSTRUCTION One of the leading EPC Company in India REAL ESTATE DEVELOPMENT Focus on Affordable Housing 7
Slide 8: EPC Business - Overview
EPC BUSINESS- OVERVIEW Construction Experience across various verticals Executed over 200 projects with construction area of over 50 msft Ability to execute around 8 msft per annum Currently executing around 3 msft p.a. – operating at 40% utilization Number of Personnel in Project / Engine
Slide 9: Marquee Clients
MARQUEE CLIENTS MAINTAINING CONSISTENT QUALITY STANDARDS ENSURING REPEAT ORDERS 9
Slide 10: Order Book Build-Up & Key Orders
ORDER BOOK BUILD-UP & KEY ORDERS (In Rs. Cr) Project Location Amt (Rs. Cr) 2,060 2,026 External Order book 107 106 Maharashtra State Police Housing Mumbai 414 PWD, Raipur Raipur 401 Tycoon Mumbai 163 Metro Rail Depot Bangalore 153 Goa Airport Goa 131 MMRC Mumbai Metro Mumbai 131 1,066 1,044 Adhiraj
Slide 11: Real-Estate Development
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Slide 12: Real Estate Business
REAL ESTATE BUSINESS BRAND EQUITY Landmark developments (Windermere, Forest County and Willows) have established the Brand Vascon in Pune Market END‐TO‐END CAPABILITIES In‐house Design and Construction team gives us a unique advantage over other Real Estate Developers LOW OPERATING COST Flat organiz
Slide 13: Successfully Launched Real Estate Projects
SUCCESSFULLY LAUNCHED REAL ESTATE PROJECTS REAL ESTATE SALES (RS CR) Vascon Dev. Area Projects Launch Status Share (msft) 272 Forest Edge (JV) A 50% 0.08 18‐Jan Fully Sold Forest Edge (JV) B 50% 0.08 19‐Sep 60% sold Windermere (JV)# 45% 0.38 18‐Mar 57% sold 116 Vascon Goodlife – Value Home (Own) 100
Slide 14: Track Record of Real Estate Sales
TRACK RECORD OF REAL ESTATE SALES Q‐O‐Q SALES AREA SQ. FT (‘000) 92 80 43 47 39 32 18 9 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q‐O‐Q SALES VALUE (RS. CR.) 78 58 44 28 31 21 13 5 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 14
Slide 15: Current Real Estate Projects Under Development
CURRENT REAL ESTATE PROJECTS UNDER DEVELOPMENT Total Vascon Share Project Name Location Vascon Share Project Area Rev. Sale Value Collection Sale Value Collection Area Sold Recognized Type Share msft msft Rs. Cr Rs. Cr Rs. Cr Rs. Cr Rs. Cr Forest Edge (A&B) Pune JV 50% 0.16 0.13 89 44 43 22 ‐ Forest
Slide 16: Real Estate Projects - Pipeline (Launches in Near-Term)
REAL ESTATE PROJECTS – PIPELINE (LAUNCHES IN NEAR-TERM) Sr. No. Projects Type Segment Total Vascon Share Saleable Expected Saleable Expected Area Sales Value Area Sales Value msft (Rs. in Cr) msft (Rs. in Cr) 1 Coimbatore JDA Residential 0.33 179 0.23 125 2 Madurai JDA Residential 0.49 220 0.37 165
Slide 17: Real Estate Projects - Pipeline (Other Projects)
REAL ESTATE PROJECTS – PIPELINE (OTHER PROJECTS) Sr. No. Projects Type Segment Total Saleable Expected Area Sales Value msft (Rs. in Cr) 1 Bavdhan ‐ Comm JDA Commercial 0.23 158 2 Willows ‐ Comm JV Commercial 0.23 191 3 Kalyani Nagar ‐ Comm JDA Commercial 0.3 330 4 Kalyani Nagar JDA Residential 0.5
Slide 18: Continuous Focus on Cash Generation
CONTINUOUS FOCUS ON CASH GENERATION LAND MONETIZATION OF RS. 170 CR IDENTIFIED NON‐CORE ASSETS Seller Ms Ajanta Enterprise, 50% JV of Vascon Pune BP Development Pvt. Ltd. (SPV of • 44% EQUITY STAKE IN HOTELS AT GOA Acquirer Mapletree Investments Pte Ltd ) Location Kharadi Village, Pune • COMMERCIAL
Slide 19: Thank You!
THANK YOU! Mr. Punit Bhayani Mr. Gaurang Vasani/ Ms. Hina Agarwal punit@vascon.com vgaurang@stellar-ir.com hina@stellar-ir.com Vascon Weikfield Chambers, Pune - 411014 Kanakia Wall Street, Andheri (East), Mumbai 400 093