Kridhan Infra Limited · NSE:KRIDHANINF
Kridhan Infra — Investor Presentation (March 2017)
23 slides from Kridhan Infra's investor presentation, March 2017
Slide 1: Kridhan Infra Limited Investor Presentation March 2017
Kridhan Infra Limited INVESTOR PRESENTATION | MARCH 2017 1
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements which may be identified by their use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “estimates” or other words of similar meaning. All statements that address expectations or projections abo
Slide 3: Kridhan at a Glance
Kridhan at a Glance Well positioned to benefit from the growing construction industry in Asean and India 1 • Strong impetus on infrastructure development in India; • Singapore Government: continued focus on infrastructure development, annual S$27-34bn construction contract award with a focus on prom
Slide 4: Group Structure
Group Structure Listed on BSE and NSE Market Cap: INR 4,127 mn Kridhan Infra Ltd BSE Code: 533482 (India) NSE Code: KRIDHANINF CMP: INR 55.40 Kridhan Infra Listed on Singapore Stock Exchange RMS Singapore Pte Solutions Pvt Ltd Market Cap: $41 mn Ltd (Singapore) SGX: QF6.SI (India) Bloomberg Ticker:
Slide 5: Grown Fast through Well-Timed Acquisitions
Grown Fast through Well -Timed Acquisitions 2016 2014 2013 Acquired Swee Hong 2012 Acquired 35% Singapore Acquired PSL stake in Econ Limited; a 2011 engineering, Geo Rech Pte leading listed Acquisition of Singapore – Ltd. – A soil Civil KH Foges - Specialist in investigation Construction 2007 Singap
Slide 6: Superior Growth Prospects - Singapore
1 Superior Growth Prospects - Singapore Singapore’s 2nd largest foundation engineering company/Major EPC Company (Swee Hong Limited) Singapore’s economy growing at a steady 2017 pace According to the IMF, Singapore’s GDP is expected to expand on an average by 3% over the next three years, in line wi
Slide 7: Infrastructure Boom In India
1 Infrastructure Boom In India The Government of India has made a record allocation US$ 33.07 billion for several infrastructure projects in Union Budget 2016-17 USD 376 bn investments for infrastructure sector projected over the The engineering-procurement-construction (EPC) next 3 years mode is st
Slide 8: Leader in Foundation Engineering
2 Leader in Foundation Engineering Singapore’s 2nd largest foundation engineering company • Provides timely, quality and high value added services to the Infrastructure, Building and Construction Industry • Leaders in Geotechnical and Foundation engineering: Bored Piling and Deep Piling Strong Proje
Slide 9: Transformational Acquisition of Swee Hong
3 Transformational Acquisition of Swee Hong Expand Opportunity Set 10x; Moving up the value chain to be a full Service EPC Player About Swee Hong Limited Rationale for Acquisition • Significantly enhance skill set in Construction • A leading Civil engineering company based in Singapore Engineering S
Slide 10: Swee Hong Ltd. Current Site Pictures
Swee Hong Ltd. Current Site Pictures 10
Slide 11: Two Pronged Strategy to Push Topline Growth
4 Two Pronged Strategy to Push Topline Growth Substantial Revenue Growth Expected in next 2-3 years Swee Hong Turnaround • Swee Hong was founded in 1962 and is Singapore’s leading public listed EPC company • Over the years, the company had grown from strength to strength to cover the entire spectrum
Slide 12: Strong Financial Position
5 Strong Financial Position Total Revenue (INR Mn) EBITDA (INR Mn) and EBITDA % 900 812 18.00% 800 11.40% 740 16.60% 16.00% 6,799 6,517 674 659 700 14.00% 4,887 5,058 600 535 13.50% 12.00% 4,692 500 10.90% 10.30% 10.00% 400 8.00% 300 6.00% 200 4.00% 100 2.00% 0 0.00% FY13 FY14 FY15 FY16 9MFY17 FY13
Slide 13: Income Statement
Income Statement INR Mn (except as stated) FY15 FY16 9MFY17 Revenue 6,517 4,887 5,058 Total Expenditure 5,844 4,228 4,246 EBITDA 674 659 812 EBITDA Margin (%) 10.30% 13.50% 16.60% Interest 116 119 107 Depreciation 278 327 256 Other Income 87 69 29 PBT 366 282 478* Tax 44 58 37 PAT 322 225 441 PAT Ma
Slide 14: Balance Sheet
Balance Sheet INR Mn (except as stated) FY16 FY15 H1FY17 INR Mn (except as stated) FY16 FY15 H1FY17 Share Capital 148 136 148 Non Current Assets 2,659 2,851 4,753 Reserves and Surplus 1,622 1,394 3,023 Fixed Assets 1,848 1,930 2,599 Minority Interest 156 145 257 Goodwill on 223 225 1,523 Consolidati
Slide 15: Appendix
a Appendix
Slide 16: Well-Diversified and De-Risked Business Model
Well-Diversified and De-Risked Business Model Key Business Segments FY16 FY18e Civil Construction Foundation Engineering Foundation Engineering Readymade Steel Micro Tunneling Readymade Steel Revenue break-up by Business Segment Expected Segmental Revenue FY18 15% 7% 35% 50% 78% 5% 10% FE - Singapor
Slide 17: Key Management Personnel
Key Management Personnel Mr. Anil Dhanpatlal Agrawal Mr. Foo Hee Kang Mr. Lee Ying Gee Mr. Varadhan Moorthy Mr. Subodh Sharma Executive Director Director GM Group CEO Mr. Lee Ying Gee studied in Mr. Moorthy has more than 30 Mr. Hee Kang has more than Mr. Sharma is a Commerce Singapore and has vast y
Slide 18: Leading to Unique Positioning by building Scale and Size
Leading to Unique Positioning by building Scale and Size Our Unique Scale and Size enable us to strategically position ourselves for next phase of growth Human Capital A Niche Construction Engineering Player in ASEAN Diverse and richly experienced skill set with over 700 employees, enables us to pro
Slide 19: Business Segments
Business Segments Foundation Engineering & Steel Products & Services EPC Services Geotechnical Works Bored Cast-in-place Concrete Piles Roadworks Stirrups Contiguous Bored and Secant Pile Walls Bridge Work and Flyovers Prefabricated Steel Cages Driven Piles Micro Tunneling Steel Couplers Soldier Pil
Slide 20: Superior Skill Set in Tunneling – A Key Requirement for Smart Cities
Superior Skill Set in Tunneling – A Key Requirement for Smart Cities 1. Acquisition of Swee Hong provides the technical skill set and resources for large scale tunneling projects 1. Tunneling - A key Requirement for Smart Cities Tunneling Solutions for Smart Cities 2. Increasing urbanization will re
Slide 21: Geotechnical and Foundation Engineering
Geotechnical and Foundation Engineering Highly Technical area of specialization Knowledge Resources Strong Technical Knowledge of: • Superior technology for deeper • Soil Mechanics and more efficient digging • Rock Mechanics • Geology and Structural • Specialized equipment for Engineering different
Slide 22: Thank You
a Thank You
Slide 23: Contact Detail
Contact Detail Mr. Rupesh Jhaveri CFO +91 22 40589332 Rupesh.jhaveri@Kridhan.com Ms. Sheetal Khanduja Go India Advisors +91 9769364166 sheetal@goindiaadvisors.com