Vascon Engineers Limited · NSE:VASCONEQ
Vascon Engineers — Q2 FY2021 Earnings Presentation
20 slides from Vascon Engineers's earnings presentation, Nov 5, 2020
Slide 1: Exchange filing cover letter: Presentation Update
Date: November 05, 2020 To, To, National Stock Exchange of India Limited, BSE Limited, Listing Department, The Department of Corporate Services Exchange Plaza, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra (E), Mumbai – 400 051 Fort, Mumbai 400 001 Ref Symbol: VASCONEQ Ref: Scrip Code: 533156 Dear
Slide 2: Investor Presentation November 2020
INVESTOR PRESENTATION | November 2020
Slide 3: 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 4: Key Business Highlights
KEY BUSINESS HIGHLIGHTS Total Order Book Order Intake in Q2FY21 External EPC Order Book 1,972 Crs. 32 Crs. 1,871 Crs. Forming healthy Order Book of 7.3x Order received from M/s Epicons Higher contribution by Government FY20 EPC revenues Consultants Pvt. Ltd. projects Government Project (%) Current E
Slide 5: P&L Highlights - Q2 & H1 FY21
P&L HIGHLIGHTS- Q1 & H1 FY21 Standalone Consolidated Particulars (Rs. Crs) Q2 FY21 Q2 FY20 H1 FY21 H1 FY20 Q2 FY21 Q2 FY20 H1 FY21 H1 FY20 Revenue 89.36 76.96 121.70 172.59 118.94 121.34 161.71 252.02 Other Income 3.66 2.23 6.85 12.14 4.50 2.69 7.07 13.49 Total Income 93.02 79.19 128.55 184.73 123.4
Slide 6: H1FY21 Segmental Profit & Loss - After Allocation
H1FY21- SEGMENTAL PROFIT & LOSS - AFTER ALLOCATION Particulars (Rs. Cr) RE# EPC## GMP Inventorised Total Revenue 30.99 93.52 40.43 164.94 Cost of Sales 31.62 80.99 24.72 0.12 137.45 Gross Profit (0.63) 12.53 15.71 27.49 Gross Profit Margin % -2% 13% 39% 17% Other Income 1.40 3.14 2.34 6.88 Employee
Slide 7: Balance Sheet - Consolidated
BALANCE SHEET- CONSOLIDATED Rs. Cr Sep– 20 Mar– 20 Rs. Cr Sep– 20 Mar– 20 Non-current assets 326.68 340.53 Shareholder’s Fund 695.93 743.67 Fixed assets 103.20 107.62 Share capital 178.14 178.14 Other Equity 508.95 556.16 Financial Assets 188.56 189.78 Other Non Current assets, Income Tax Non Contro
Slide 8: Business Overview
oa PET TT a) vive line om 2 es VASCON BUSINESS OVERVIEW
Slide 9: 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 8
Slide 10: 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 11: Marquee Clients
MARQUEE CLIENTS MAINTAINING CONSISTENT QUALITY STANDARDS ENSURING REPEAT ORDERS 10
Slide 12: Order Book Build-up & Key Orders
ORDER BOOK BUILD-UP & KEY ORDERS (In Rs. Cr) Project Location Amt (Rs. Cr) 2,060 1,972 External Order book 107 Maharashtra State Police Housing Mumbai 412 101 PWD, Raipur Raipur 380 Tycoon Mumbai 163 Metro Rail Depot Bangalore 146 MMRC Mumbai Metro Mumbai 131 Goa Airport Goa 128 1,066 1,044 Adhiraj
Slide 13: Real-Estate Development
oa PET TT a) vive line om 2 es VASCON | REAL-ESTATE DEVELOPMENT
Slide 14: 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 15: 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 70% sold Windermere (JV)# 45% 0.38 18-Mar 63% sold 116 Vascon Goodlife – Value Home (Own) 100
Slide 16: 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 92 51 46 25 - Forest
Slide 17: 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 0.3 195 0.21 136 2 Madurai JDA Residential 0.49 220 0.37 165 3
Slide 18: 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 19: 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 • 44% EQUITY STAKE IN HOTELS AT GOA Pune BP Development Pvt. Ltd. (SPV of Acquirer Mapletree Investments Pte Ltd ) Location Kharadi Village, Pune • COMMERCIAL
Slide 20: 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