Om Infra Limited · NSE:OMINFRAL
Om Infra — Q2 & H1 FY24 Earnings Presentation
31 slides from Om Infra's earnings presentation, Nov 18, 2023
Slide 1: Om Infra Limited cover letter to exchange
OM INFRA LIMITED (Formerly known as OM METALS INFRAPROJECTS LIMITED) CIN: L27203RJ1971PLC003414 ____________________________________________________________________________ Regd. Office: 2nd Floor, A-Block, Om Tower, Church Road, M.I. Road, Jaipur-302001 Tel:+91-141-4046666 Website: www.ommetals.com
Slide 2: Investor Presentation Q2 & H1FY24
Investor Presentation Q2 & H1FY24
Slide 3: Disclaimer / Safe Harbor Statement
Disclaimer / Safe Harbor Statement 2 This presentation and the accompanying slides (the “Presentation”), which have been prepared by Om Infra Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subsc
Slide 4: Table of Content
Table of Content 3 1 Key Highlights 2 Company Overview 3 Liquidity Events in the Offing 4 Financial Highlights
Slide 5: Financial Highlights – Consolidated
Financial Highlights – Consolidated 4 Net Revenue (Rs Cr) EBITDA (Rs Cr) & EBITDA Margin (%) PAT (Rs Cr) & PAT Margin (%) 50 15% 18% 30 8% 10% 8% 40 6% 20 4% 30 10% 2% Q-o-Q 20 41 10 24 0% 280 -2% 10 2% -4% 0 -6% 98 0 -9 -6 -8% -10 -6% -6% -10 -9% -10% Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 70 45
Slide 6: Financial Highlights – Standalone
Financial Highlights – Standalone 5 Net Revenue (Rs Cr) EBITDA (Rs Cr) & EBITDA Margin (%) PAT (Rs Cr) & PAT Margin (%) 50 16% 18% 25 9% 10% 8% 20 40 6% 15 4% 30 10% 10 22 2% Q-o-Q 20 40 0% 259 5 -2% 10 2% -4% 0 -6 -6% -4 0 -5 73 -8% -10 -6% -6% -10 -8% -10% Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24
Slide 7: Operational Highlights
Operational Highlights 6 ▪ Robust Order Book of Rs. 2,805 Cr as on 30-Sep-23 ▪ Engineering: Execution of Jal Jeevan Mission (JJM) projects (in UP and Rajasthan, bagged in Q4FY22) progressing at expected pace. These projects typically earn an EBITDA Margin in the range of 12- 15% over the life of the
Slide 8: Standalone Financials – Q2FY24
Standalone Financials – Q2FY24 7 Standalone (Rs Cr) Q2FY24 Q2FY23 YoY % H1FY24 H1FY23 YoY % FY23 Net Sales 258.9 73.3 253% 521.7 190.2 174% 719.8 Raw Material Costs 77.8 31.2 197.6 85.7 335.9 Employee Expenses 8.3 5.7 16.1 12.5 27.6 Other Operating Expenses 132.5 39.9 245.8 82.0 299.4 EBITDA 40.3 -3
Slide 9: Consolidated Financials – Q2FY24
Consolidated Financials – Q2FY24 8 Consolidated (Rs Cr) Q2FY24 Q2FY23 YoY % H1FY24 H1FY23 YoY % FY23 Net Sales 279.8 98.3 184% 546.6 243.3 125% 799.2 Raw Material Costs 95.3 56.4 219.9 136.5 423.4 Employee Expenses 8.8 6.1 17.1 13.5 29.7 Other Operating Expenses 134.4 41.9 248.0 86.6 308.5 EBITDA 41
Slide 10: Balance Sheet
Balance Sheet 9 Standalone Consolidated Standalone Consolidated Liabilities (Rs Cr) Assets (Rs Cr) Sept-22 Sept-23 Sept-22 Sept-23 Sept-22 Sept-23 Sept-22 Sept-23 Total Equity 729.3 696.8 713.8 682.6 Non-Current Assets 522.4 496.3 603.5 584.4 Share Capital 9.6 9.6 9.6 9.6 Property, Plant and 60.3 55
Slide 11: Company Overview
Company Overview
Slide 12: Key Business Strengths
Key Business Strengths 11 Healthy Profitability Leadership position in core business of Turnkey execution contracts for Hydro Mechanical Equipment for Hydro Power & Irrigation projects, thereby generating Healthy Profit Margins and Free Cashflows. Technically Qualified One of few eligible contenders
Slide 13: Our Offerings and Marquee Clients
Our Offerings and Marquee Clients 12 Key Products Marquee Clients ▪ Gates: Radial, Vertical, Stoplog, Draft Tube Gates ▪ Liners: Steel, Penstocks and Pressure Shaft ▪ Trash Racks and Cleaning Machines ▪ All types of Cranes ▪ Mechanical and Hydraulic Hoists ▪ Steel Bridges and Walkways ▪ ECAS and SCA
Slide 14: Well – Experienced Management Team
Well – Experienced Management Team 13 Mr. C P Kothari Mr. D P Kothari Mr. Sunil Kothari Mr. Vikas Kothari Chairman Emeritus Chairman Vice Chairman Managing Director & CEO ▪ With the company for almost 50 ▪ With immense experience in ▪ Responsible for all financial ▪ Over 20 years of experience in ma
Slide 15: Demonstrated track record of Engineering skills
Demonstrated track record of Engineering skills 14 Koldam Hydro Electric Rangandi Hydro Prakassam Barrage Gosikhurd Dam Project Electric Project Project Project • 800 MW project with • Execution of one of the • 70 old rusted gates to be complicated design of gates • 405 MW project in a difficult lar
Slide 16: Growing Order Book to Rs 2,805 Cr
Growing Order Book to Rs 2,805 Bn (~3.5x of FY23 Sales) 15 Hydro & Water Projects: • Execution Period - 2 to 3 years • EBITDA Margin - 18% to 20% Hydro & Water 40% 3,577 3,020 2,805 Jal Jeevan 1,864 Mission 1,591 60% 1,247 817 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Sep-23 JJM Projects: • Executio
Slide 17: Order Book Break-up and Bid Pipeline
Order Book Break-up and Bid Pipeline 16 Unexecuted Project Client (Rs Cr) Jal Jeevan Mission (JJM) 1,678 - Uttar Pradesh SWSM – Namami Gange and Rural Water Supply Dept. 995 - Rajasthan Public Health Engineering Dept. 683 Hydro & Water 1,127 - Shapurkhandi Punjab# WRD Punjab 376 - Isarda Dam Project
Slide 18: Growth Opportunity – Jal Jeevan Mission (JJM)
Growth Opportunity – Jal Jeevan Mission (JJM) 17 States where large number of Households yet to get FHTC ▪ The focus of the mission is to enable every household in villages to have Functional Household Tap Connection (FHTC) (Har Ghar Jal) by 2024 29 42 42 56 52 ▪ With this, each household will have
Slide 19: Growth Opportunity – Hydro Power & Water
Growth Opportunity – Hydro Power & Water 18 Hydro Power ▪ India’s Demand for Energy is expected to grow significantly led by expected growth in industrial and commercial activity in the Om Infra, with its demonstrated coming years. track record and leading position in ▪ Installed RE capacity has inc
Slide 20: Growth Opportunity – Pump Storage Projects (PSP)
Growth Opportunity – Pump Storage Projects (PSP) 19 How it works and why it is needed India aims to achieve Net-Zero ▪ PSPs uses energy to pump up water at higher level and then let it Energy Carbon Emissions by 2070 and Grid descend and produce electricity when needed. During low demand, towards th
Slide 21: Liquidity Events in the Offing
Liquidity Events in the Offing
Slide 22: Summary of Strong Cashflows Expected over the Next 2-5 Years
Summary of Strong Cashflows Expected over the Next 2-5 years 21 A) Real Estate – Current Projects Rs 330 Cr Estimated Timeline ▪ Pallacia, Jaipur Rs 300 Cr 2 to 3 years ▪ Om Green Meadows, Kota Rs 30 Cr As per development plan and B) Real Estate – Landbank sharing ratio ▪ Bandra, Mumbai (MHADA) 4 to
Slide 23: A) Real Estate - Current Projects
A) Real Estate - Current Projects 22 Project Pallacia, Jaipur Om Green Meadows, Kota Unique high-end RERA compliant apartments have a Residential township has flats, villas and apartments and Description complete lifestyle experience with Luxury Living provides residents a complete lifestyle experie
Slide 24: B) Real Estate – Landbank
B) Real Estate – Landbank 23 Bandra, Mumbai (MHADA) – Slum Rehabilitation and Residential Development Project ▪ Om Infra (35% stake) along with a Consortium was allocated FSI on a plot of land for redevelopment (SRA) by MHADA in the year 2006 for Rs 106 Cr ▪ The FSI allotted allowed for development
Slide 25: C) Arbitration Awards Worth ~Rs 637 Cr
C) Arbitration Awards Worth ~Rs 637 Cr 24 Amount Project Explanation Current Status (Rs Cr) • Om Infra developed the 212 km road project in Jaipur Bhilwara Stretch • Private vehicles were made toll free effective 1-Apr-18 by the State Govt. and thus the Company terminated the concession agreement fo
Slide 26: Financial Highlights
Financial Highlights
Slide 27: Key Highlights (Consolidated)
Key Highlights (Consolidated) 26 Net Revenue (Rs Cr) EBITDA (Rs Cr) & EBITDA Margin Profit After Tax (Rs Cr) Engineering JJM Real Estate 799 19% 14 Other Total 128 12 13 10 347 14% 8 9 313 8 44 44 6 235 28 4 277 319 5% 229 2 38 0 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 • FY22 - EBITDA Margin im
Slide 28: Annual Profit & Loss
Annual Profit & Loss 27 Consolidated (Rs Cr) FY21 FY22 FY23 EBITDA Margin impacted by Net Sales 235.6 313.0 799.2 higher raw material prices, Raw Materials 129.5 197.9 423.4 mainly Steel, and the lag effect in pass through of cost Employee Expenses 20.9 25.4 29.7 escalations Other Operating Expenses
Slide 29: Balance Sheet
Balance Sheet 28 Liabilities (Consolidated Rs Cr) Mar-21 Mar-22 Mar-23 Assets (Consolidated Rs Cr) Mar-21 Mar-22 Mar-23 Total Equity 627 661 683 Non-Current Assets 256 257 584 Share Capital 10 10 10 Property, Plant and Equipment 75 85 77 Other Equity 617 652 673 Capital WIP 4 9 11 Non-Controlling In
Slide 30: Stock Performance & Share Holding
Stock Performance & Share Holding 29 1 Year Stock Performance (Price-Volume) 140 27 Share Holding Pattern (30-Sept-23) 24 120 21 100 18 80 15 30.9% 60 12 9 40 6 69.1% 20 3 0 0 24-Jun-23 20-Nov-22 31-Jan-23 20-Mar-23 13-Apr-23 15-Nov-23 24-Feb-23 28-Sep-23 18-Jul-23 11-Aug-23 7-Jan-23 7-May-23 31-May
Slide 31: Thank You
Thank You Om Infra Limited Stellar IR Advisors Reena Jain, Company Secretary Pooja Sharma / Vishal Mehta cs@ommetals.com pooja.sharma@stellar-ir.com; vishal@stellar-ir.com 2nd floor, A Block, Om Tower, A-405, Kanakia Wall Street, Church Road, MI Road, Chakala, Andheri (East), Jaipur – 302 001 Mumbai