Cemindia Projects Ltd · NSE:CEMPRO
Cemindia Projects — ITD Cementation India — FY2019 Earnings Presentation
38 slides from Cemindia Projects's earnings presentation, May 24, 2019
Slide 1: Cover letter to stock exchanges on audited results
Cern Commitment, Reliability & Quality Dept. of Corporate Services - Corporate Relationship, National Stock Exchange of India BSE Limited, Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Listing Department, Mumbai 400 023. Exchange Plaza, C-I, Block 'G' Bandra- Kurla Complex, Bandra (East), Mumbai
Slide 2: Investors Presentation March 2019
Mumbai Metro Underground Tunnel Project Udangudi, Tamilnadu Power Project Investors Presentation March 2019 Page 1
Slide 3: Contents
Contents Executive Summary Corporate Profile & Shareholding Structure Corporate Vision & Mission Corporate Structure Parent Profile Financial Performance Order Book Analysis Operations & Management Way Forward Page 2
Slide 4: Executive Summary
Executive Summary NAME ITD Cementation India Limited (“ITD Cem”) INDUSTRY GROUP Infrastructure BUSINESS AREAS Urban Infra/MRTS, Marine structures, Hydro/Tunnels/Irrigation projects, Airports, Highways/Bridges & Flyovers, Water & waste water, Industrial structures/Buildings, Specialist foundation eng
Slide 5: Company Profile & Shareholding Structure
Company Profile & Shareholding Structure Ownership Details: Italian-Thai Development Company Limited As on 31 March 2019 (“ITD”), the Promoter of the Company, holds 46.64% in ITD Cem. Promoters 46.64% Public Engaged in the business areas of Urban Infra/MRTS, Marine 17.98%, Structures, Hydro/Tunnel/I
Slide 6: Vision & Mission
Vision & Mission • Our aim is a satisfied client, a strong and proactive workforce and Vision quality product finished on time and to budget • To make ITD Cem the country’s leading construction Company in Mission customer choice, quality and safety Page 5
Slide 7: Corporate Structure
Corporate Structure ITD Cementation India Limited Engaged in projects of urban Infra/MRTS, marine structures, hydro / tunnel / irrigation projects, airports, highways / bridges & flyovers, water & waste water segment, industrial structures/buildings and specialist foundation engineering projects 100
Slide 8: Joint Ventures
Joint Ventures ITD-ITDCem JV ITD Cem (Consortium ITD CEC-ITD ITD-ITDCem JV Maytas of ITD-ITD Cemindia JV Cem-TPL JV Consortium Cementation) Shareholders ITD Cem – 49% ITD Cem – 40% ITD Cem – 95% ITD Cem – 80% CEC – 40% ITD ITD (Thailand) – 51% ITD (Thailand) – 60% Maytas–5% ITD (Thailand) – Cem – 40
Slide 9: Industry Position
Industry Position Leadership position in marine construction, foundation and specialist works and significant presence in MRTS, Hydro / Dams / Tunnels / Irrigation and transportation segments Several quality and safety awards in the past 15 years - a reflection of ITD Cem’s drive towards excellence
Slide 10: International Parent Strength
International Parent Strength Italian-Thai Development Company Limited is the largest construction company in Thailand and one of the largest in South East Asia Listed on the stock exchange of Thailand in 1994 with an initial capital base of Baht 2 million In 1985, ITD received the Royal Seal of Gar
Slide 11: Standalone Financials
Standalone Financials INR in Millions Yearly Quarterly Revenue from operation Revenue from operation 35,000 6,000 30,000 5,000 25,000 20,000 4,000 15,000 3,000 10,000 2,000 5,000 1,000 0 15M 0 FY14 FY15 FY16 FY17 Mar'18 Jun'18 Sept'18 Dec'18 Mar'19 Mar'19 Revenue 5,032 4,523 4,174 4,503 4,561 Revenu
Slide 12: Standalone Financials
Standalone Financials INR in Millions Yearly PAT & EPS Quarterly PAT & EPS 900 6.0 400 10.0 5.0 300 8.0 600 4.0 3.0 200 6.0 300 2.0 4.0 0 1.0 100 2.0 - 0 - -300 (1.0) (2.0) -100 (2.0) -600 (3.0) (4.0) (4.0) -200 (6.0) -900 (5.0) -300 (8.0) 15M -400 (10.0) FY14 FY15 FY16 FY17 Mar'19 Mar'18 Jun'18 Sep
Slide 13: Consolidated Financials
Consolidated Financials INR in Millions (Figures for the years 2014 and 2015 are as per IGAAP and year 2016 onwards are as per Ind AS) Yearly Quarterly Revenue from operation Revenue from operation 35,000 6,600 30,000 6,400 25,000 20,000 6,200 15,000 6,000 10,000 5,800 5,000 5,600 0 15M 5,400 FY14 F
Slide 14: Consolidated Financials
Consolidated Financials INR in Millions (Figures for the years 2014 and 2015 are as per IGAAP and year 2016 onwards are as per Ind AS) Yearly PAT & EPS Quarterly PAT & EPS 1,200 6.0 400 6.0 900 5.0 4.0 300 4.0 600 3.0 200 2.0 2.0 300 1.0 100 0 - - (1.0) 0 -300 (2.0) -100 (2.0) -600 (3.0) (4.0) (4.0)
Slide 15: Consolidated Order Book
Consolidated Order Book INR in Millions Order book as at year end Order book as at quarter end 99,925 99,925 90,904 90,555 91,957 95,917 75,132 75,132 65,835 47,630 52,043 Dec'14 Dec'15 Dec'16 Dec'17 15M Mar'19 Dec'17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Page 14
Slide 16: Order Book Analysis
Order Book Analysis Page 15
Slide 17: Order Book: Sector Breakup
Order Book: Sector Breakup INR in Millions Order book of INR 99,925 million as on March 31, 2019. No . Major ongoing projects included in the order book are : As on Mar’ 31, 2019 Size (Major) % Design and construction of underground section including 3 underground stations for Urban Infrastructure
Slide 18: Order Book: Sector Breakup
Order Book: Sector Breakup Rs. mn Major Projects secured during qtr. March 2019: UG Metro Station Kolkata Biman Bandar from Kolkata Metro Railway worth INR 4,689 million Development of Liquid Cargo Jetty at JNPT through EPC from Jawaharlal Nehru Port Trust worth INR 1,815 million Major Projects
Slide 19: Operations & Management
Operations & Management Page 18
Slide 20: Business Operations: Urban Infrastructure / MRTS / Airport
Business Operations Urban Infrastructure / MRTS / Airport: Increasing Focus Scope: Construction of Mass Rapid Transport Systems and Airports (integrated passenger terminals and allied services) Key Projects Executed: Under ground Tunnels, Viaduct, Stations and Track works for Delhi Metro, Kolkata Me
Slide 21: Urban Infrastructure / MRTS: Increasing Focus – contd..
Urban Infrastructure / MRTS: Increasing Focus – contd.. Kolkata Underground Metro Delhi Metro Underground Station Nagpur Metro Project Bangalore Metro Project Page 20
Slide 22: Business Operations: Marine
Business Operations …(2) Marine: Market Leadership Position Scope: EPC services for marine structures including : Construction of jetties, dolphins and service platforms, quay, berths on concrete and steel piles as well as sold gravity type wharf structures Construction of Construction of ship lift,
Slide 23: Marine: Market Leadership Position – contd..
Marine: Market Leadership Position – contd.. Vizhinjam Break Water Project LNG Terminal at Jaigarh Vizag Port Trust Project Mumbai Port Trust Project Page 22
Slide 24: Business Operations: Special Projects
Business Operations …(3) Special Projects: Market Leadership Position Scope: Foundation and specialist works Services offered include geotechnical investigations, piling, diaphragm walling, sandwicks / band drains, vibrofloatation stone columns / vibro compaction, drilling and grouting, rock / soil
Slide 25: Special Projects: Market Leadership Position – contd..
Special Projects: Market Leadership Position – contd.. Secant Piling at Siddhivinayak Station Piling Work at Mumbai Metro for Mumbai Underground Metro Project Ground Stabilisation work for Nuclear Power Corporation Piling Work at Bangalore Metro Page 24
Slide 26: Business Operations: Hydro / Dams / Tunnels / Irrigation
Business Operations …(4) Hydro / Dams / Tunnels / Irrigation Scope: Construction of concrete, earth fill and rock fill dams and tunnels Key Projects Executed: Completed projects like constructing pumping stations, power houses, tunnels, intake structures, headrace tunnels, pressure shafts and pensto
Slide 27: Hydro / Dams / Tunnels / Irrigation - contd..
Hydro / Dams / Tunnels / Irrigation - contd.. Underground Kolkata Metro Project New Umtru H E Project Tunnel for Indian Railways TBM Tunnel Page 26
Slide 28: Business Operations: Highways, bridges & flyovers
Business Operations …(5) Highways, bridges & flyovers: Major Player Scope: Construction of roads, bridges and flyovers Key Projects Executed: Completed road projects in Maharashtra, Madhya Pradesh, Andhra Pradesh and Tamil Nadu for NHAI Elevated Road for Noida and PWD Delhi Ghaziabad ROB Railway bri
Slide 29: Highways, bridges & flyovers: Major Player
Highways, bridges & flyovers: Major Player DMRC Project PWD Delhi Pune Satara Road Project Elevated Road Noida Page 28
Slide 30: Business Operations: Industrial
Business Operations …(6) Industrial Scope: Construction of civil structures for refineries, petrochemicals, power, steel and fertilizer plants Potential for high growth Key Projects Executed: Plant building and offsite facilities at Unchahar for NTPC Piling and civil works for IFFCO at Aonla and Phu
Slide 31: Industrial
Industrial Paradip Refinery – Industrial Complex Kolkata Metro Station IHI Mundra Paradip Refinery – Industrial Complex Page 30
Slide 32: Business Operations: Buildings
Business Operations …(6) Buildings Scope: Construction of civil structures for Academics Institutes, Residential, Complexes etc Potential for high growth Key Project executed: Haj Tower, Kolkata Construction of Super Structure (G+15) for Unified Academic Campus of Bose Institute, Salt Lake, Kolkata,
Slide 33: Buildings
Buildings Bose Research Institute, Kolkata Delhi Metro Station, Magenta Line Bose Research Institute, Kolkata Kolkata Metro Station Page 32
Slide 34: Business Operations: Water and Waste Water
Business Operations …(7) Water and Waste Water: Increasing Focus Scope: Recently diversified into water and waste water segment undertaking projects for water transmission and treatment plants Potential for high growth Key Projects Executed: Limited presence in the segment and increasing focus going
Slide 35: Water and Waste Water: Increasing Focus
Water and Waste Water: Increasing Focus Bhama Askhed Water Supply Project Agartala WTP project Break pressure tank work in progress, Bhama, Pune Page 34
Slide 36: Way Forward
Way Forward Improved Shareholder Return • Focus on reducing interest costs • Improve on credit rating • Exercise capital expenditure control Customer Perspective • Focus on on-time completion of the projects • Endeavour toward an injury free environment • Continue to improve our quality and environm
Slide 37: Recent Corporate Recognitions
Recent Corporate Recognitions CIDC Award for Haldia Inland Waterways Project "Best Metro Construction Project" for DMRC CC-32 from Construction Times Page 36
Slide 38: Thank You
THANK YOU Page 37