Cemindia Projects Ltd · NSE:CEMPRO
Cemindia Projects — ITD Cementation India — Investor Presentation (November 2018)
38 slides from Cemindia Projects's investor presentation, Nov 2, 2018
Slide 1: Cover letter to stock exchanges
Cern Commitment, Reliability & Quality Dept. of Corporate Services - Corporate Relationship, National Stock Exchange of India BSE Limited, Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Listing Department, Mumbai 400 023, Exchange Plaza, C-1, Block '0' Bandra- Kurla Complex, Bandra (East), Mumbai
Slide 2: Investors Presentation September 2018
Piling Work at Siddhivinayak Station Delhi Metro Elevated Station – CC26 Mumbai Metro Underground Project Investors Presentation September 2018 Page 1
Slide 3: Contents
Contents Executive Summary Corporate Profile & Shareholding Structure Corporate Vision & Mission Corporate Structure Parent Profile Financial Performance Order Book Analysis Operations & Management Way Forward Page 2
Slide 4: Executive Summary
Executive Summary NAME ITD Cementation India Limited (“ITD Cem”) INDUSTRY GROUP Infrastructure BUSINESS AREAS Marine structures, Urban Infra/MRTS, Highways/Bridges & Flyovers, Hydro/Tunnels/Irrigation projects, Industrial structures/Buildings, Specialist engineering AUTHORISED CAPITAL 750 mn AUDITOR
Slide 5: Company Profile & Shareholding Structure
Company Profile & Shareholding Structure Ownership Details: Italian-Thai Development Company Limited As on 30 September 2018 (“ITD”) acquired 80.4% from Skanska AB in 2004 and currently holds 46.64% in ITD Cem Promoters Public 46.64% 17.48%, Engaged in the construction of marine structures, highwa
Slide 6: Vision & Mission
Vision & Mission • Our aim is satisfied client, a strong and Vision proactive workforce and a quality product finished on time and to budget • To make ITD Cem , the country’s leading Mission construction company in customer choice quality and safety Page 5
Slide 7: Corporate Structure
Corporate Structure ITD Cementation India Limited Engaged in marine works, highways & bridges, metros, airports, hydro- tunneling, dams & canals, water & waste water treatment and specialist foundation engineering projects 100% 80% 49% 40% 95% 60% ITD ITD-ITD Cem JV ITD Cem ITD ITD-ITD Cem CEC-ITD C
Slide 8: Joint Ventures
Joint Ventures ITD-ITDCem JV ITD Cem (Consortium ITD CEC-ITD ITD-ITDCem JV Maytas of ITD-ITD Cemindia JV Cem-TPL JV Consortium Cementation) Shareholders ITD Cem – 49% ITD Cem – 40% ITD Cem – 95% ITD Cem – 80% CEC – 40% ITD ITD (Thailand) – 51% ITD (Thailand) – 60% Maytas–5% ITD (Thailand) – Cem – 40
Slide 9: Industry Position
Industry Position Leadership position in marine construction, foundation and specialist works and significant presence in MRTS, Hydro / Dams / Tunnels / Irrigation and transportation segments Several quality and safety awards in the past 15 years - a reflection of ITD Cem’s drive towards excelle
Slide 10: International Parent Strength
International Parent Strength Italian-Thai Development Company Limited is the largest construction company in Thailand and one of the largest in South East Asia Listed on the stock exchange of Thailand in 1994 with an initial capital base of Baht 2 million In 1985, ITD received the Royal Seal
Slide 11: Standalone Financials
Standalone Financials In Millions Yearly Quarterly Revenue from operation Revenue from operation 35,000 6,000 30,000 5,000 25,000 4,000 20,000 3,000 15,000 2,000 10,000 1,000 5,000 0 0 Sept'17 Dec'17 Mar'18 Jun'18 Sept'18 FY13 FY14 FY15 FY16 FY17 Revenue 4,137 4,674 5,032 4,523 4,148 Revenue 12,602
Slide 12: Standalone Financials
Standalone Financials In Millions Yearly PAT & EPS Quarterly PAT & EPS 800 6.0 350 7.0 600 5.0 300 6.0 4.0 400 3.0 250 5.0 200 2.0 1.0 200 4.0 0 - -200 150 3.0 (1.0) -400 (2.0) 100 2.0 (3.0) 50 1.0 -600 (4.0) -800 (5.0) 0 - FY13 FY14 FY15 FY16 FY17 Sept'17 Dec'17 Mar'18 Jun'18 Sept'18 PAT 93 194 -59
Slide 13: Consolidated Financials
Consolidated Financials In Millions (Figures for the years 2013, 2014 and 2015 are as per IGAAP and year 2016 onwards are as per Ind AS) Yearly Quarterly Revenue from operation Revenue from operation 35,000 7,000 30,000 6,000 25,000 5,000 20,000 4,000 15,000 3,000 10,000 2,000 1,000 5,000 0 0 Sept'1
Slide 14: Consolidated Financials
Consolidated Financials In Millions (Figures for the years 2013, 2014 and 2015 are as per IGAAP and year 2016 onwards are as per Ind AS) Yearly PAT & EPS Quarterly PAT & EPS 800 6.0 350 5.0 600 5.0 300 4.5 4.0 4.0 400 3.0 250 3.5 200 2.0 3.0 1.0 200 0 - 2.5 -200 150 2.0 (1.0) -400 (2.0) 100 1.5 (3.0
Slide 15: Consolidated Order Book
Consolidated Order Book In Millions Order book as at year end Order book as at quarter end 75,132 90,904 90,555 91,957 65,835 81,308 75,132 52,043 47,630 38,212 Dec'13 Dec'14 Dec'15 Dec'16 Dec'17 Sept'17 Dec'17 Mar-18 Jun-18 Sep-18 Page 14
Slide 16: Order Book Analysis
Order Book Analysis Page 15
Slide 17: Order Book: Sector Breakup
Order Book: Sector Breakup Rs. mn Order book of Rs. 91,957 mn as on September 30, 2018. No . As on Sept’ 30, 2018 Size (Major) % Major ongoing projects included in the order book are : Design and construction of underground section including 3 underground stations for Hydro / Dams / Tunnels / 13,5
Slide 18: Order Book: Sector Breakup
Order Book: Sector Breakup Rs. mn Projects secured after 30th September not included in the order book: Construction of New Integrated Terminal Building, Reconstruction of Old Terminal Building, Modification of Existing Expanded Terminal Building at Civil Enclave Pune Airport, Pune, Maharashtra (I
Slide 19: Operations & Management
Operations & Management Page 18
Slide 20: Business Operations: Urban Infrastructure / MRTS
Business Operations Urban Infrastructure / MRTS: Increasing Focus Scope: Construction of Mass Rapid Transport Systems and Airports (integrated passenger terminals and allied services) Key Projects Executed: Under ground Tunnels, Viaduct, Stations and Track works for Delhi Metro, Kolkata Metro,
Slide 21: Urban Infrastructure / MRTS: Increasing Focus – contd..
Urban Infrastructure / MRTS: Increasing Focus – contd.. J Nandi Station (Kolkata Metro) for Rail Vikas Nigam Ltd. Delhi Metro Elevated Station Mumbai Underground Metro Project – Bangalore Metro Project Casting Yard Facilities, Wadala Page 20
Slide 22: Business Operations: Marine
Business Operations …(2) Marine: Market Leadership Position Scope: EPC services for marine structures including : Construction of jetties, dolphins and service platforms, quay, berths on concrete and steel piles as well as sold gravity type wharf structures Construction of Construction of ship
Slide 23: Marine: Market Leadership Position – contd..
Marine: Market Leadership Position – contd.. Berth for Jindal Steel Works LNG Terminal at Jaigarh Udangudi Power Project – Piling Work Mumbai Port Trust Project Page 22
Slide 24: Business Operations: Special Projects
Business Operations …(3) Special Projects: Market Leadership Position Scope: Foundation and specialist works Services offered include geotechnical investigations, piling, diaphragm walling, sandwicks / band drains, vibrofloatation stone columns / vibro compaction, drilling and grouting, rock / s
Slide 25: Special Projects: Market Leadership Position – contd..
Special Projects: Market Leadership Position – contd.. Secant Piling at Siddhivinayak Station Bangalore Metro Piling Work for Mumbai Underground Metro Project Ground Stabilisation work for Nuclear Power Corporation Piling & Civil Works for Gangtok Project Page 24
Slide 26: Business Operations: Hydro / Dams / Tunnels / Irrigation
Business Operations …(4) Hydro / Dams / Tunnels / Irrigation Scope: Construction of concrete, earth fill and rock fill dams and tunnels Key Projects Executed: Completed projects like constructing pumping stations, power houses, tunnels, intake structures, headrace tunnels, pressure shafts and
Slide 27: Hydro / Dams / Tunnels / Irrigation - contd..
Hydro / Dams / Tunnels / Irrigation - contd.. Underground Kolkata Metro Project New Umtru H E Project New Hydro Dam Umtru Micro Tunneling at Kolkata Page 26
Slide 28: Business Operations: Highways, bridges & flyovers
Business Operations …(5) Highways, bridges & flyovers: Major Player Scope: Construction of roads, bridges and flyovers Key Projects Executed: Completed road projects in Maharashtra, Madhya Pradesh, Andhra Pradesh and Tamil Nadu for NHAI Elevated Road for Noida and PWD Delhi Ghaziabad ROB
Slide 29: Highways, bridges & flyovers: Major Player
Highways, bridges & flyovers: Major Player Elevated Road Noida PWD Delhi Pune Satara Road Project Elevated Road Noida Page 28
Slide 30: Business Operations: Industrial
Business Operations …(6) Industrial Scope: Construction of civil structures for refineries, petrochemicals, power, steel and fertilizer plants Potential for high growth Key Projects Executed: Plant building and offsite facilities at Unchahar for NTPC Piling and civil works for IFFCO at Aon
Slide 31: Industrial
Industrial Paradip Refinery – Industrial Complex IIT Ropar, Industrial Building Paradip Refinery – Industrial Complex IHI Mundra Page 30
Slide 32: Business Operations: Buildings
Business Operations …(6) Buildings Scope: Construction of civil structures for Academics Institutes, Residential, Complexes etc Potential for high growth Key Project executed: Haj Tower, Kolkata Construction of Super Structure (G+15) for Unified Academic Campus of Bose Institute, Salt Lake
Slide 33: Buildings
Buildings Haj Tower, Kolkata Delhi Metro Station, Magenta Line Bose Research Institute, Kolkata DP World Page 32
Slide 34: Business Operations: Water and Waste Water
Business Operations …(7) Water and Waste Water: Increasing Focus Scope: Recently diversified into water and waste water segment undertaking projects for water transmission and treatment plants Potential for high growth Key Projects Executed: Limited presence in the segment and increasing focus
Slide 35: Water and Waste Water: Increasing Focus
Water and Waste Water: Increasing Focus Bhama Askhed Water Supply Project Agartala WTP project Break pressure tank work in progress, Bhama, Pune Page 34
Slide 36: Recent Corporate Recognitions
Recent Corporate Recognitions "Best Metro Construction Project" for DMRC CC-32 from Construction Times National Safety Council of India – Safety Award JSW Appreciation of Port Construction Page 35
Slide 37: Way Forward
Way Forward Improved Shareholder Return Focus on reducing interest costs Improve on credit rating Exercise capital expenditure control Customer Perspective Focus on on-time completion of the projects Endeavour toward an injury free environment Continue to improve our quality and environm
Slide 38: THANK YOU
THANK YOU Page 37
ITD Cementation India — Investor Presentation (November 2018) on 6ix