Ircon International Ltd. · NSE:IRCON

Ircon International — Q3 FY2023 Earnings Presentation

22 slides from Ircon International's earnings presentation, Feb 8, 2023

  1. Slide 1: Intimation of Investor Presentation Q3 & 9MFY23 to stock exchanges

    इरकॉन इं टरनेशनल िलिमटे ड (भारत सरकार का उप म) IRCON INTERNATIONAL LIMITED (A Govt. of India Undertaking) An integrated Engineering and Construction Company IRCON/SECY/STEX/124 8th February, 2023 BSE Limited National Stock Exchange of India Limited Listing Dept./ Dept. of Corporate Services Listing

  2. Slide 2: Ircon International Limited Analyst Presentation Q3FY23

    Ircon International Limited Analyst Presentation Q3FY23 8th February, 2023 1

  3. Slide 3: Safe Harbour

    SAFE HARBOUR No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the

  4. Slide 4: Table of Contents

    Table of Contents I Key Financial Highlights 4-10 II Standalone Financial Performance 11-14 II Group Financial Performance 15-18 II Order Book 19-20 3

  5. Slide 5: I. Key Financial Highlights

    I. Key Financial Highlights 4

  6. Slide 6: Q3FY23 (Y-o-Y) Financial Highlights (Standalone)

    Q3FY23 (Y-o-Y) Financial Highlights (Standalone) Operating Revenue EBITDA 36.5% 25.3% 2500 2236.86 250 221.75 2000 200 176.96 1638.91 1500 150 1000 100 500 50 0 0 Q3FY22 Q3FY23 Q3FY22 Q3FY23 Profit before Tax Profit after Tax 25.9% 75.1% 250 250 227.42 212.95 200 169.11 200 150 150 129.9 100 100 50

  7. Slide 7: Q3FY23 (Q-o-Q) Financial Highlights (Standalone)

    Q3FY23 (Q-o-Q) Financial Highlights (Standalone) Operating Revenue EBITDA 5.7% 2300 2236.86 250 236.64 221.75 2200 2117.21 200 6.3% 2100 2000 150 1900 1800 100 1700 50 1600 1500 0 Q2FY23 Q3FY23 Q2FY23 Q3FY23 Profit before Tax Profit after Tax 27.7% 250 250 227.42 225.56 212.95 5.6% 200 200 178.1 150

  8. Slide 8: 9MFY23 Financial Highlights (Standalone)

    9MFY23 Financial Highlights (Standalone) Operating Revenue 52.0% EBITDA 30.3% 7000 6251.27 700 626.57 6000 600 480.76 5000 4113.07 500 4000 400 3000 300 2000 200 1000 100 0 0 9MFY22 9MFY23 9MFY22 9MFY23 Profit before Tax Profit after Tax 52.3% 31.3% 700 600 528.65 598.73 600 500 500 456.17 400 347.2

  9. Slide 9: Q3FY23 (Y-o-Y) Financial Highlights (Consolidated)

    Q3FY23 (Y-o-Y) Financial Highlights (Consolidated) Operating Revenue 33.2% EBITDA 5.5% 2500 2346.51 250 233.15 2000 1761.85 230 221.08 1500 210 1000 190 500 170 0 150 Q3FY22 Q3FY23 Q3FY22 Q3FY23 Profit before Tax Profit after Tax 40.2% 185 0.75% 200 190.00 179.27 177.92 180 150 135.53 175 170 100 16

  10. Slide 10: Q3FY23 (Q-o-Q) Financial Highlights (Consolidated)

    Q3FY23 (Q-o-Q) Financial Highlights (Consolidated) Operating Revenue 4.8% EBITDA 2500 290 280.99 2346.51 2238.85 270 17.3% 2300 250 233.15 2100 230 1900 210 190 1700 170 1500 150 Q2FY23 Q3FY23 Q2FY23 Q3FY23 Profit before Tax Profit after Tax 9.1% 250 225.87 (21.2%) 200 190.00 200 177.92 180 174.18 1

  11. Slide 11: 9MFY23 Financial Highlights (Consolidated)

    9MFY23 Financial Highlights (Consolidated) Operating Revenue 48.8% EBITDA 29.5% 7000 6587.27 800 753.27 6000 700 581.67 5000 4427.08 600 500 4000 400 3000 300 2000 200 1000 100 0 0 9MFY22 9MFY23 9MFY22 9MFY23 Profit before Tax Profit after Tax 26.2% 45.2% 700 600 590.29 508.75 600 500 500 467.58 400

  12. Slide 12: II. Standalone Financial Performance

    II. Standalone Financial Performance 11

  13. Slide 13: Income Statement (Standalone – Q3FY23)

    Income Statement (Standalone – Q3FY23) (Rs. Crore) Particulars Q3-FY23 Q2-FY23 Q-o-Q (%) Q3-FY22 Y-o-Y (%) Operating Revenue 2236.86 2117.21 5.65% 1638.91 36.48% Total Expenses (Excl. Depreciation & 2108.38 1963.94 7.35% 1532.15 37.61% Finance Cost) Core EBITDA 128.48 153.27 (16.17%) 106.76 20.34% C

  14. Slide 14: Income Statement (Standalone – 9MFY23)

    Income Statement (Standalone – 9MFY23) (Rs. Crore) Particulars 9MFY23 9MFY22 Y-o-Y (%) Operating Revenue 6251.27 4113.07 51.99% Total Expenses (Excl. Depreciation & Finance Cost) 5861.09 3835.12 52.83% Core EBITDA 390.18 277.95 40.38% Core EBITDA Margins (%) 6.24% 6.76% 52 bps Depreciation 20.34 18.

  15. Slide 15: Income Statement (Standalone - Annual)

    Income Statement (Standalone - Annual) (Rs. Crore) Particulars FY22 FY21 Y-o-Y (%) Operating Revenue 4014.41 2474.16 62.25% Total Expenses (Excl. Depreciation & Finance Cost) 3752.71 2302.97 62.95% Core EBITDA 261.70 171.19 52.87% Core EBITDA Margins (%) 6.52% 6.92% (40 bps) Depreciation 13.54 12.19

  16. Slide 16: III. Group Financial Performance

    III. Group Financial Performance 15

  17. Slide 17: Income Statement (Consolidated – Q3FY23)

    Income Statement (Consolidated – Q3FY23) (Rs. Crore) Particulars Q3-FY23 Q2-FY23 Q-o-Q (%) Q3-FY22 Y-o-Y (%) Operating Revenue 2346.51 2238.85 4.81% 1761.85 33.18% Total Expenses (Excl. Depreciation & 2179.73 2039.24 6.89% 1608.95 35.48% Finance Cost) Core EBITDA 157.75 213.97 (26.27%) 166.14 (5.05%

  18. Slide 18: Income Statement (Consolidated – 9MFY23)

    Income Statement (Consolidated – 9MFY23) (Rs. Crore) Particulars 9MFY23 9MFY22 Y-o-Y (%) Operating Revenue 6587.27 4427.08 48.79% Total Expenses (Excl. Depreciation & Finance Cost) 6060.93 4025.46 50.56% Core EBITDA 544.32 433.75 25.49% Core EBITDA Margins (%) 8.26% 9.80% (154 bps) Depreciation 71.7

  19. Slide 19: Income Statement (Consolidated - Annual)

    Income Statement (Consolidated - Annual) (Rs. Crore) Particulars FY22 FY21 Y-o-Y (%) Operating Revenue 7379.67 5349.83 37.94% Total Expenses (Excl. Depreciation & Finance Cost) 6793.01 4845.40 40.20% Core EBITDA 646.60 536.29 20.57% Core EBITDA Margins (%) 8.76% 10.02% (126 bps) Depreciation 95.17 9

  20. Slide 20: IV. Order Book

    IV. Order Book For indicative representation only 19

  21. Slide 21: Order Book – Rs.38,023 crore (as on 31.12.2022)

    Order Book – Rs.38,023 crore (as on 31.12.2022) Segment Segment Geography Geography Mode Mode of of Award Award Railways Rs.28,834 Cr (75.8%) Domestic Nomination Rs.35,151 Cr Rs.19,053 Cr (92.4%) (50.1%) Highways Rs.7,220 Cr (19.0%) International Bidding Others Rs.2,872 Cr Rs.18,970 Cr Rs.1,969 Cr (

  22. Slide 22: Thank You

    Thank You 21

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