Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — Q3 FY22 Earnings Presentation
32 slides from Pnc Infratech's earnings presentation, Feb 17, 2022
Slide 1: Exchange filing cover letter
PNC Infratech Limited An ISO 9001 .2015 Certified Company Ref No: PNC/SE/8 I l2l-22 Date: 17.02.2022 To, To, The Manager The Manager The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P.J. Towers, Exchange Plaza, Bandra Kurla Co
Slide 2: Result Update Presentation Q3 & 9M FY22
Driving Value Through Passion n Commitment PNC INFRATECH LIMITED Result Update Presentation Q3 & 9M FY22
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by PNC Infratech 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 securit
Slide 4: Key Highlights & Financials
Key Highlights & Financials PNC infratech
Slide 5: Key Highlights for Q3 FY22
Key Highlights for Q3 FY22 Revenue EBITDA* PAT* 15% 15% 17% Revenue of Rs. 1,522 crore in EBITDA* of Rs. 205 crore in PAT* of Rs. 120 crore in Q3 Q3 FY22 as compared to Rs. Q3 FY22 compared to Rs. 179 FY22 compared to Rs. 103 1,332 crore in Q3 FY21 crore in Q3 FY21 crore in Q3 FY21 EBITDA Margin* of
Slide 6: Key Highlights for 9M FY22
Key Highlights for 9M FY22 Revenue EBITDA* PAT 34% 37% 50% Revenue of Rs. 4,388 crore in 9M FY22 EBITDA* of Rs. 602 crores in 9M FY22 PAT* of Rs. 349 crore in 9M FY22 as compared to Rs. 3,281 crore in 9M compared to Rs. 440 crore in 9M FY21 compared to Rs. 233 crore in 9M FY21 FY21 EBITDA Margin* of
Slide 7: Status of HAM Projects
Status of HAM Projects Status Bid Project Cost Projects 2 laning with paved shoulders of Dausa- Lalsot- Kauthun section of NH-11 A (Extension) in the state of Rs. 881 crore* Rajasthan under NHDP IV Rs. 1,197 crore* 4 laning of Aligarh-Kanpur section of NH - 91 in the state of Uttar Pradesh under NHD
Slide 8: Order Book Details
Order Book Details PNC infratech
Slide 9: Robust Order Book over Rs. 12,000 crores
Robust Order Book over Rs. 12,000 crores ◼ Remaining value of contracts under execution of Rs. 12,055 crore as on 31st Remaining December 2021 Key EPC Projects Under Awarding Value Construction Authority (Rs. Crores) ◼ The below orders are not included in order book as on 31st December 2021: Aligarh
Slide 10: Portfolio of Development Projects on PPP Mode
Portfolio of Development Projects on PPP Mode PNC infratech
Slide 11: Sizeable Project Portfolio: Operational Projects
Sizeable Project Portfolio: Operational Projects PNC Share of Invested Debt as on 31st % JV Kms / TPC Invested Grant Total Debt Project Authority State / Stretch Type Equity Dec. ‘21 Stake Partners Lanes (Rs. Crs) Amount (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) SREI, Ghaziabad Aligarh 35%*
Slide 12: Asset Monetization Plan
Asset Monetization Plan ◼ Ghaziabad Aligarh Road Project ✓ The Company, along with its wholly owned subsidiary, PNC lnfra Holdings Limited and other partners/promoters, on 1st April, 21,has entered into 'Share Purchase Agreement’ and other related transaction documents inter alia for sale its entire
Slide 13: Sizeable Project Portfolio: HAM Projects
Sizeable Project Portfolio: HAM Projects Invested PNC Share of Debt as on 31st % State / TPC Total Debt Project Authority Kms / Lanes Status Equity Invested Amount Dec. ‘21 Stake Stretch (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Raj/ 83.45/ Dausa-Lalsot 100% NHAI COD 820 65 65 371 319 NH11A
Slide 14: Annexure – I Summary Financials
Annexure – I Summary Financials PNC infratech
Slide 15: Standalone Profitability Statement – Q3 & 9M
Standalone Profitability Statement – Q3 & 9M Rs. Crores Q3 FY22 Q3 FY21 YoY Growth (%) 9M FY22 9M FY21 YoY Growth (%) REVENUE 1,521.99 1,322.42 15% 4,388.19 3,281.14 34% EBITDA* 204.88 178.53 15% 601.94 440.39 37% EBITDA margin* 13.5% 13.5% 13.7% 13.4% Other Income 10.55 24.26 45.74 58.18 Depreciati
Slide 16: Consolidated Profitability Statement – Q3 & 9M
Consolidated Profitability Statement – Q3 & 9M Rs. Crores Q3 FY22 Q3 FY21 YoY Growth (%) 9M FY22 9M FY21 YoY Growth (%) REVENUE 1,721.82 1,582.02 9% 4,982.02 3,923.30 27% Adjusted EBITDA* 364.76 407.12 1,093.49 997.95 10% Adjusted EBITDA margin* 21.2% 25.7% 21.9% 25.4% Other Income 17.58 34.91 67.67
Slide 17: Segmental Revenue Break-up
Segmental Revenue Break-up Q3 FY21 254.98 Q3 FY22 230.82 16% 13% 1,491.00 1,319.96 87% 84% EPC Toll/Annuity EPC Toll/Annuity 9M FY21 9M FY22 662.24 644.49 17% 13% 3,253.98 4,337.52 83% 87% EPC Toll/Annuity EPC Toll/Annuity PNC infratech 16
Slide 18: Net Working Capital Days - Standalone
Net Working Capital Days - Standalone 136 136 129 113 97 103 96 96 81 73 60 57 62 51 Mar/17 Mar/18 Mar/19 Mar/20 Mar/21 Sep/21 Dec/21 Debtors Net Working Capital PNC infratech 17
Slide 19: Annexure – II Company Overview
Annexure – II Company Overview PNC infratech
Slide 20: Introduction
Introduction Established track record of timely/early completion of projects • Infrastructure construction, development and management company; expertise in execution of projects including highways, bridges, flyovers, airport runways, industrial areas and transmission lines • Executed 73 major infra
Slide 21: Business Overview
Business Overview Roads & Highways EPC 01 Completed 49 infrastructure road projects on EPC basis Water Supply & Irrigation 07 Roads & Highways BOT / OMT/ HAM Working on EPC projects in Water Supply sector and Irrigation 02 Operating 6 BOT & 2 OMT project, comprising of both Projects toll & annuity a
Slide 22: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) BOT Holdco for road and other infra projects PNC Bareilly Nainital Highways Private Limited (“PNCBNHPL”) 4 laning of the Bareilly-Almora section of SH 37 Ferrovia Transrail Solutions Private Limited (“FTSPL”) PNC Unnao Highways Private Limi
Slide 23: Integrated Business Model
Integrated Business Model ▪ Ownership of a fleet of modern equipment enables quick Own Quarries / Raw Material mobilization besides ensuring Equipment Bank ▪ Own / Leasing of Quarries helps in Sourcing continuous availability of critical securing of raw material and equipment project completion with
Slide 24: Enhanced Execution Capability
Enhanced Execution Capability Strong Credit Rating ◼ Long term bank facilities “CARE AA (Double A)” ◼ Short term bank facilities “CARE A1+ (A One plus)” ◼ “Stable” outlook 01 03 02 Working Capital Limits Man and Machine added ◼ Fund Based Limits of Rs. 1,000 crores which will to execute more project
Slide 25: Enhanced to Augment and upgrade the execution
Enhanced to Augment and upgrade the execution 1,267 1,287 1,094 1,016 725 FY18 FY19 FY20 FY21 9M FY22 Present Capex will enable us to achieve a Turnover of Rs. 8,000-9,000 crores PNC infratech 24
Slide 26: Strengthening of in-house execution team
Strengthening of in-house execution team 10,305 9,599 8,371 8,334 6,772 FY18 FY19 FY20 FY21 9M FY22 Strengthening of In-house execution team with induction of engineers with strong technical knowledge PNC infratech 25
Slide 27: Strong Credit Rating
Strong Credit Rating Upgraded Assigned Reaffirmed ◼ PNC Delhi Industrial Infra Pvt. Ltd. ◼ PNC Rajasthan Highways Pvt. Ltd. (proposed NCDs) ◼ PNC Infratech Ltd. ✓ Long term bank facilities at CARE A; Stable ✓ Proposed NCDs at CARE AAA; Stable (Triple A; ✓ Long term bank facilities at CARE AA; Stable
Slide 28: Experienced Promoters
Experienced Promoters Mr. Pradeep Kumar Jain Mr. Naveen Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Chairman & Managing Managing Director Promoter Managing Director Director ◼ Over 40 years of experience ◼ Over 31 years of experience ◼ Over 30 years of experience ◼ Over 25 years of expe
Slide 29: Board of Directors
Board of Directors Mr. Pradeep Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Chairman & Managing Director Managing Director Managing Director Mr. Anil Kumar Rao Mr. Talluri Raghupati Rao Whole-time Director Wholetime Director Mr. Krishan Kumar Jalan (IAS) Mr. Gauri Shankar Mr. Subhash Cha
Slide 30: Clientele
Clientele Delhi State Industrial and Infrastructure Development Corporation Ltd. F <a Uttar Pradé&h State Highways-Authority ay JAK. ENS WRITES THE INFRASTRUCTURE PEOPLE sa AUTHORITY OF INDIA ada fearraers writen MSRDC Opeida pei lopment Acthority State Water & Sanitation Mission rot NAMAMI GANGE AN
Slide 31: Growth Strategy
Growth Strategy Diversification: Competitiveness: ◼ Leveraging Strong Project Execution ◼ Improve performance and track record to diversify into new competitiveness of existing functional areas of infrastructure business through investments in development technology, equipment and skilled ◼ Expand p
Slide 32: Contact Us
Contact Us For further information, please contact: Company : Investor Relations Advisors : PNC Infratech Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L45201DL1999PLC195937 CIN: U74140MH2010PTC204285 Mr. D. K. Maheshwari Mr. Jigar Kavaiya Vice President - Finance Group Account Head +91-9920602034 dk