Power Mech Projects Ltd. · NSE:POWERMECH
Power Mech Projects — Q1 FY21 Earnings Presentation
31 slides from Power Mech Projects's earnings presentation, Sep 15, 2020
Slide 1: Investors Presentation Q1 FY21
Investors Presentation Q1 FY21 POWER MECH PROJECTS LTD Growth Unlimited 15th September 2020
Slide 2: Disclaimer
Disclaimer Safe Harbor Statement The information contained herein has been prepared to assist prospective investors in making their own evaluation of Power Mech Projects Limited (hereinafter ‘the company’) and does not purport to be all-inclusive or to contain all of the information a prospective
Slide 3: Power Mech – At a Glance
Power Mech – At a Glance A leading Industrial Services and Construction Company providing versatile and comprehensive service in power and infrastructure sector Presently Operates Pan- Largest O&M service FY 20 Established in 1999 by Total Income: Rs 21,740 Mn Mr. S. Kishore Babu, a India, Middle Ea
Slide 4: Journey of the Company, Major milestones and achievements
Journey of the Company, Major milestones and achievements → Listing in BSE & NSE, overwhelming response → First ETC of 1 X 63 Tph and 2 X 165 → Private Equity into Power Mech subscribed by 38 times Tph AFBC Boilers, 20.85 MW & 55 → First major international work in Libya, 2X157 MW Erection → Major O
Slide 5: Established Track Record
Established Track Record Integrated power infrastructure services Track record of ~21 years Established a track record of successfully 26,00,000 MT of aggregate tonnage of the erection works executed executing ETC-BTG and BOP contracts for large power projects 64,000 MW, engaged on ETC-BTG and BOP
Slide 6: Our Service presence across key areas
Our Service presence across key areas Industrial Industrial Construction Construction Industrial Services (O&M) International Operations Infrastructure Construction (Civil) Power Projects (Ultra Mega, Super Overhauling and Maintenance of Erection, Testing & Commissioni Power Plants, Railway, Ind
Slide 7: Our Service presence across key areas (cont..)
Our Service presence across key areas (cont..) Industrial Construction Electricals Hydro Power & Water Manufacturing Extra High Voltage Substation Supply & construction of Hydro Fabrication of Heavy Structures, Works power plants Large & High Pressure Tanks, Construction of 33/11 Kv Renova
Slide 8: Company Strengths
Company Strengths Large talent with Highly Experienced Management Comprehensive service provider in Power Team with strong industry background Sector Largest service provider in O&M space Strong execution capabilities across verticals Well diversified business profile with stable Marquee clientele:
Slide 9: Qualified Board
Qualified Board Sajja Kishore Babu, CMD Sajja Lakshmi, Non Executive Director Founder of the company holds bachelor’s degree in She is a science graduate and holds place in HR Mechanical Engineering. He has 35 years of experience management of the company & also member of CSR in power and infra sect
Slide 10: Professional and Experienced Management Team
Professional and Experienced Management Team M. Rajendran, COO S Kodandaramaiah, Director – Business Development Degree in Civil Engineering. He has more than 38 years of Post graduate in mechanical engineering. More than 4 decades of experience in power and industry sector related to EPC, Construct
Slide 11: Shareholding Pattern Top Shareholders
Shareholding Pattern Top Shareholders S No Name Shares Category Percentage 1 Promoters & Family 92,04,074 Promoter 62.57% 2.46% Promoters 0.67% 2 HDFC Small Cap Fund 10,03,126 MUT 6.82% 5.92% 2.58% Resident Individuals 10.12% 3 Vantage Equity Fund 6,29,553 AIF 4.28% 7.21% Mutual Funds 4 IDFC Multi C
Slide 12: Established Relationships with Clients – Domestic Projects
Established Relationships with Clients – Domestic Projects 12
Slide 13: Established Relationships with Clients – International Projects
Established Relationships with Clients – International Projects 13
Slide 14: Infra for Project Management
Infra for Project Management Large construction equipment base SAP Primavera Site level, Support & functions MS Project- Productivity Application SBU Heads 8,700 HR Base For Project Engineers, Supervisors, Responsibility Technicians, HSE, FQA Other Staff Capability Centers Construction, Quality, Saf
Slide 15: Business Strategy
Business Strategy Expanding the services footprint & leveraging technical expertise to target higher margin contracts Expanding O&M profile and Back ward and forward Entering into value added services To integrate the construction increased penetration in the integration has been at the core by syne
Slide 16: Expanding of O&M service into other sectors & new horizons
Expanding of O&M service into other sectors & new horizons Solar Thermal Hydro Domestic O&M (AMC, R&M, GAS Steel Trouble (Power) shooting etc) Fully developed Captive Exports Power (Thermal) Partially developed Refinery & Petro Chemicals To be developed 16
Slide 17: Expanding Horizons… Broadening Capabilities
Expanding ExpandingHorizons…… Horizons…… …..Broadening …..BroadeningCapabilities Capabilities 17
Slide 18: Q1 FY21 – YoY Consolidated Financial Performance
Q1 FY21 – YoY Consolidated Financial Performance INR in million Total Income EBIDTA PAT 800 662 6,000 600 4,931 400 5,000 284 300 4,000 400 13.4% 2,769 200 3,000 5.8% 100 2,000 200 - 1,000 (100) Q1FY20 Q1FY21 - -4.34% - Q1FY20 Q1FY21 (200) Q1FY20 Q1FY21 -11.8% (200) -120 (300) (400) -326 Q1 Revenue
Slide 19: 12M FY20 – YoY Consolidated Financial Performance
12M FY20 – YoY Consolidated Financial Performance INR in million Total Income EBIDTA PAT 23,000 22,754 3,100 3,049 1,350 1,313 22,500 3,000 1,300 2,900 13.4% 22,000 21,740 2,801 1,250 6.0% 1,216 2,800 21,500 1,200 2,700 12.9% 5.3% 21,000 2,600 1,150 12MFY19 12MFY20 12MFY19 12MFY20 12MFY19 12MFY20 12
Slide 20: FY20 Financial Performance (consolidated)
FY20 Financial Performance (consolidated) INR in million Contract Revenue Revenue mix with high-margin O&M services segment 13,778 13,344 15,439 22,566 21,604 120% 25,000 1,041 100% 2% 5% 7% 20,000 1,470 5,660 27% 25% 6,475 80% 36% 34% 30% 15,000 - 345 - 5,176 15% 3,750 4,859 8,425 60% 10,000 6,167
Slide 21: FY20 Financial Performance (consolidated)
FY20 Financial Performance (consolidated) INR in million Healthy net debt equity ratio provides significant headroom for growth High Asset Turnover … testament to higher efficiency 2,500 14 10,500 9,512 0.60 11.77 11.92 8,194 12 9,000 2,000 0.40 7,500 6,985 10 6,207 0.30 0.40 7.45 5,548 1,500 8 6,00
Slide 22: Robust Order Book: Stronger Revenue visibility for next 3 years
Robust Order Book: Stronger Revenue visibility for next 3 years INR in million 60,000 50,000 15% 47,830 45,748 49 % 42,677 40,000 85% 37,050 35,238 Contract Revenue 30,000 27,715 Order Inflow 22,566 21,604 21,064 17,950 19,523 Order Back Log 20,000 15,375 15,439 13,778 13,344 34% 10,000 55% - FY 16
Slide 23: Robust Order Book: Stronger Revenue visibility for next 3 years (cont..)
Robust Order Book: Stronger Revenue visibility for next 3 years (cont..) INR in million Order Inflow during 12 M FY 20 (up to 31st March 2020) Rs. 19,523 Mn Order backlog as on 31st March 2020 Rs. 45,748 Mn 30 % 36 % Erection 26 % 5,818 12,273 7,114 O&M 45 % Erection Electrical Works 20,541 O&M Civi
Slide 24: Financial Snapshot | Consolidated Income Statement & Balance Sheet
Financial Snapshot | Consolidated Income Statement & Balance Sheet INR in million Income Statement (Consolidated) Balance Sheet (Consolidated) Particulars FY16 FY17 FY18 FY19 FY20 Particulars FY16 FY17 FY18 FY19 FY20 Revenue from operations 13,782 13,382 15,478 22,613 21,647 Assets Other Income 55 7
Slide 25: Our Projects
Growth Unlimited PN nn Our Projects 25
Slide 26: Industrial Construction: Domestic Projects (Erection, Testing & Commissioning)
INDUSTRIAL CONSTRUCTION: DOMESTIC PROJECTS (ERECTION, TESTING & COMMISSIONING) 1X660 MW TPP, BTG, HARDUAGANJ, DOOSAN 3X660 MW ,BOILER, ESP,CP, STRUCTURE & STG, 2X500 MW STPP,BOILER, ESP STG, BOILER, ESP, TG AUXILIARIES, UMPP BOILER, ESP, STRUCTURE, TG NABINAGAR, BHEL VINDHYACHAL, BHEL (COMPLETED) 80
Slide 27: Infrastructure Construction: Civil, Architectural & Railway Works
INFRASTRUCTURE CONSTRUCTION : CIVIL, ARCHITECTURAL & RAILWAY WORKS 1X800 MW TPSS, CIVIL, STRUCTURAL AND 1X800 MW TPSS, CIVIL, STRUCTURAL AND GDV-MTM 37 ,DOUBLING & 1X500MW, FGUTTP, CIVIL, STRUCTURAL 2X800 MW, YTPS, CIVIL, STRUCTURAL ARCHITECTURAL WORK UNIT-12, ARCHITECTURAL WORK STAGE-3, NORTH ELECT
Slide 28: International Operations
INTERNATIONAL OPERATIONS 250 MW SABIYA CCPP, KUWAIT 2X157 MW GT POWER PLANT, LIBYA 6X200 MW HEP, BHUTAN 1800 MW ALBA CCPP, BAHRAIN 360MW BHERAMARA CCPP, INSTALLATION OF HRSG (COMPLETED) INSTALLATION OF HYDRO ETC OF GTG,STG,HRSG & BOP BANGLADESH INSTALLATION OF GTG, TURBINE & GENERATOR STG & HRSG 151
Slide 29: Operation and Maintenance
OPERATION AND MAINTANENCE SIEMENS -138MW GAS TURBINE TG OVERHAUING 600MW JHARSUGUDA BEARING DIASSEMBLY AT NTPC-SIMHADRI CONTROL & STOP VALVES OVERHAULING PAGUTHAN VEDANTA SIPAT 660MW CAPITAL OVERHAULING OF TURBINE 63MW, HP HEATER REPLACEMENT 800MW ,CGPL CUPLOCK SCAFFOLDING ERECTION MSH LINE MODIFICA
Slide 30: Manufacturing Facility & Hydro Power Services
MANUFACTURING FACILITY & HYDRO POWER SERVICES MANUFACTURING UNIT (NOIDA) CNC SECTION (NOIDA) SR FURNACE (NOIDA) CNC OXY FUEL CUTTING (NOIDA) HEAVY DUTY CENTRE LATHES( NOIDA) VTL(MANUAL+CNC (NOIDA) PLANO MILLER, CND (NOIDA) 3 ROLL PLATE BENDING MACHINE (NOIDA) HYDRO GENERATOR UNDER ASSEMBLY FOR FRANC
Slide 31: Thank You
Thank You For investor queries, please contact: Ph: +91-040-30444418 Email: cs@powermech.net 31