Slide 1: PSP Projects Limited Investor Presentation – Q4FY18
PSP Projects Limited Investor Presentation – Q4FY18 May 2018
Slide 2: Financial Snapshot (Consolidated)
FINANCIAL SNAPSHOT (CONSOLIDATED) Result summary FY18 (Rs. in Crores) Revenue from operations EBITDA PAT 139.55 18.63 12.67 104.61 65.97 751.65 77.64 11.25 6.43 67.09 69% 56% 41.43 59% 444.78 FY17 FY18 FY17 FY18 FY17 FY18 PSP PROJECTS LTD 295.35 + 26.17 PSP PROJECTS 23.09 INC. 163.70 + GDCL & PSP JO
Slide 3: Financial Snapshot (Standalone)
FINANCIAL SNAPSHOT (STANDALONE) Result summary Q4 FY18 (Rs. In Crores) Revenue from operations EBITDA PAT 139.55 263.68 18.63 36.29 12.67 23.03 77.64 11.25 161.65 6.43 63% 9% 14% 33.41 20.15 Q4 FY17 Q4 FY18 Q4 FY17 Q4 FY18 Q4 FY17 Q4 FY18 Result summary FY18 (Rs. in Crores) Revenue from operations E
Slide 4: Right Company, Right Place, Right Time
RIGHT COMPANY, RIGHT PLACE, RIGHT TIME. Multidisciplinary Design to Experience across Multiple and construction construction to allied industrial, concurrent project company offering a works to interior fit institutional, management diversified range of outs government, capability construction and g
Slide 5: PSP Projects
PSP PROJECTS 10 99 Years in Projects existence delivered 34 2,559 Projects under (Rs/cr) Order book as execution (as on 31st on 31st March 2018 March 2018)
Slide 6: Capabilities
CAPABILITIES People ramp-up Plants, machinery IT investments Capability 15 in 2008 to more and vehicles Implemented SAP and Multiple project than 767 direct plus Invested Rs 95 cr in CANDY; enhanced location management 7000+ contract assets for timely informed decision- employees project delivery ma
Slide 7: Marquee Project
Marquee Project Executing single-largest contract of Rs 1575# cr of Surat Diamond Bourse #Excluding GST Project tenure: 30 months
Slide 8: Surat Diamond – WIP (Actual Site Images)
SURAT DIAMOND – WIP (ACTUAL SITE IMAGES)
Slide 9: Surat Diamond – WIP (Actual Site Images)
SURAT DIAMOND – WIP (ACTUAL SITE IMAGES) EXCAVATION COMPLETED, FOUNDATION WORK IN PROGRESS
Slide 10: Preferred Choice
PREFERRED CHOICE Frugal cost Active promoter Track record of structure; involvement; timely projects enhanced enhanced client completion with competitiveness assurance committed quality Large and multiple Select choice of AVERAGE project margin-enhancing TICKET SIZE OF management projects PROJECTS c
Slide 11: Strengths
STRENGTHS Execution record: Robust orders: Experience: Financial Diverse projects Order book of Promoter strength: mix; completed Rs 2559 cr as on (Prahaladbhai A strong balance projects across 31st March 2018 (to Shivrambhai Patel) sheet helps in segments. be addressed with 30+ years of successful
Slide 12: Pillars of Success
Quality Build to last 1 Operating manuals are strictly followed Strict guidelines for materials used for construction Plant and machinery Owns state-of-the-art machinery 2 Captive equipment bank Imported machinery for external plaster, painting and formwork material among others PILLARS
Slide 13: Widening Horizons
WIDENING HORIZONS “ “ Focus on buildings Steady investment Strong qualification construction in people, capabilities to (commercial, equipment, participate in high- residential, technology and value projects Building is industrial and institutional) systems, strengthening business (worth Rs 400-500
Slide 14: Widening Horizons Contd… Consolidated Work on Hand
WIDENING HORIZONS Contd… - CONSOLIDATED WORK ON HAND RS. 2644 CR. 1.44% 1.74% 96.82% PSP Projects Ltd. GDCL & PSP Joint Venture PSP Projects & Proactive Constructions Pvt. Ltd. WORK ON HAND OF JV & SUBSIDIARY ARE CONSIDERED BASED ON PERCENTAGE OF SHARE IN THE JV/SUBSIDIARY
Slide 15: Widening Horizons Contd… Standalone Work on Hand
WIDENING HORIZONS Contd… - STANDALONE WORK ON HAND RS. 2559 CR. 1.73% 4.66% 1.05% 4.01% 8.14% 7.54% 81.54% 91.34% Government Govt Residential Industrial Institutional Residential Gujarat Rajasthan Karnataka
Slide 16: Standalone Work on Hand Excluding Surat Diamond Bourse
WIDENING HORIZONS Contd… STANDALONE WORK ON HAND RS. 1043 CR. (EXCLUDING SURAT DIAMOND BOURSE PROJECT) 4.23% 11.43% 19.97% 9.83% 2.58% 54.71% 18.50% 78.75% Government Govt Residential Industrial Institutional Residential Gujarat Rajasthan Karnataka
Slide 17: Revenue Break-up for FY18
WIDENING HORIZONS Contd… – REVENUE BREAK-UP FOR THE FY 18 – RS. 729.83 CR 6.78% 3.06% 8.65% 27.22% 4.45% 43.56% 1.05% 21.39% 83.84% Government Govt Residential Industrial Institutional Residential Gujarat Rajasthan Karnataka Delhi
Slide 18: Expanding Horizon: One-Stop Buildings Construction Shop
EXPANDING HORIZON: ONE-STOP BUILDINGS CONSTRUCTION SHOP Extended to Now providing Complementary Commenced as Mechanical, complete solution alliances with Civil construction Engineering and – Design to major design firms contractor Plumbing (MEP) construction – and MEP and Interior one-stop shop cons
Slide 19: Prominent Projects Completed in FY18
PROMINENT PROJECTS COMPLETED IN FY18 CEPT University – Library Affordable Housing Project for Interior Works for Building Gujarat Housing Board Bharatiya Janta Party (State of the Art Architectural at Hathijan, Ahmedabad Headquarter, Delhi Master Piece)
Slide 20: Prominent Projects
PROMINENT PROJECTS Swarnim Sankul 1 & 2 Sabarmati River Front development Hospital, Residential Building and Medical Construction and interior work College for GCS Medical College, Hospital and Research Centre Zydus Hospitals Kaira District Co-operative Milk Producers’ Gujarat Housing Board,Naranpur
Slide 21: Pride-Enhancing Clientele
PRIDE-ENHANCING CLIENTELE Sabarmati Riverfront Development Corporation Limited, Cadila Healthcare Limited, Care Institute of Medical Sciences Limited (CIMS), Claris Injectables Limited, Emcure Pharmaceuticals Limited, Gelco Electronics Private Limited, GCS Medical College, Hospital and
Slide 22: Business Robustness in Numbers
BUSINESS ROBUSTNESS IN NUMBERS (STANDALONE) Gross Revenue (Rs in crores) EBIDTA (Rs. In crores) PAT (Rs. In crores) #CAGR% 36.61% #CAGR% 57.79% #CAGR% 59.83% 748.20 101.39 64.34 468.24 41.43 65.94 414.15 286.89 25.13 39.27 214.80 21.74 13.86 16.36 9.86 2014 2016 2018 2015 2014 2015 2017 2015 2018 20
Slide 23: Business Robustness in Numbers
2014 7.77% 2015 7.75% 2016 8.57% 2017 16.45% EBIDTA margin% 2018 13.89% 2014 4.59% 2015 4.83% 2016 5.37% PAT margin% 2017 10.00% 2018 8.60% 2014 0.04 BUSINESS ROBUSTNESS IN NUMBERS 2015 0.03 2016 0.04 Gearing Ratio 2017 0.05 2018 0.01 (STANDALONE)
Slide 24: Performance Highlights
2014 19 2015 14 2016 14 2017 22 No. of projects awarded 2018 23 2014 447.21 2015 487.67 2016 338.08 Order book (Rs. in crores) 2017 729.17 2018 2559 PERFORMANCE HIGHLIGHTS 2014 24.41 2015 19.8 2016 19.23 2017 35.12 size (Rs. In crores) Average project ticket 2018 110.51 2014 261 2015 292 2016 484 20
Slide 25: Sequential Quarterly Performance
SEQUENTIAL QUARTERLY PERFORMANCE FY18 Standalone Audited Profit & Loss Statement (Ind AS) (Rs. In Lakhs) Particulars Q4 FY18 Q3 FY18 Q4 FY17 Y-o-Y FY18 FY17 Y-o-Y Revenue from Operations 26,367.69 17,079.98 16,165.05 63% 72,983.03 40,075.73 82% Cost of materials consumed including WIP 8,916.73 5,644
Slide 26: Sequential Quarterly Performance (Consolidated)
SEQUENTIAL QUARTERLY PERFORMANCE FY18 Consolidated Audited Profit & Loss Statement (Ind AS) (Rs. In Lakhs) Particulars FY18 FY17 Y-o-Y Revenue from Operations 75,164.69 44,477.83 69% Cost of materials consumed including WIP 28,954.84 15,610.33 Subcontracting Expenses 11,546.71 5,748.61 Construction
Slide 27: Annual Financial Performance (Standalone Balance Sheet)
ANNUAL FINANCIAL PERFORMANCE FY18 Standalone Audited Balance Sheet (IND AS) (Rs. In Lakhs) Standalone Standalone Particulars As at As at Particulars As at As at March 31, 2018 March 31, 2017 March 31, 2018 March 31, 2017 ASSETS (1) EQUITY AND LIABILITIES (1) Non current Assets Equity (a) Property, P
Slide 28: Annual Financial Performance (Consolidated Balance Sheet)
ANNUAL FINANCIAL PERFORMANCE FY18 Consolidated Audited Balance Sheet (IND AS) (Rs. In. Lakhs) Consolidated Consolidated Particulars As at As at Particulars As at As at March 31, 2018 March 31, 2017 March 31, 2018 March 31, 2017 ASSETS (1) EQUITY AND LIABILITIES (1) Non current Assets Equity (a) Prop
Slide 29: Experienced Management
EXPERIENCED MANAGEMENT Bachelor’s degree in civil engineering 30+ years of construction experience Featured in book ‘Business Game Changer: Shoonya se Shikhar’ by Prakash Biyani and Kamlesh Maheshwari, Received ‘The Dena Bank Hercules Prahaladbhai Award’ by Gujarat Innovation Society for innovation
Slide 30: Experienced Management contd…
EXPERIENCED MANAGEMENT contd… Mahesh Patel Maulik Patel Hetal Patel R.B.Parmar Pratik Thakkar Vice President – Director – Procurement Chief Financial Officer General Manger – Tender Sr. Manager – Business Operations Development Mahesh Patel is the Vice Maulik Patel is the Hetal Patel is the Chief Ra
Slide 31: Inflection Points in Our Journey
INFLECTION POINTS IN OUR JOURNEY 2008 2009 2009 2010 2011 2011 2012 2014 2014 Aug Apr Dec Jul Jan Dec Apr Apr Apr Incorporation Acquired the Opportunity to Commenced Awarded order to Awarded. Narendra SAP Started Design and Managing Director business of BPC construct Medical working on construct 72
Slide 32: Project Classification: Industrial and Institutional
PROJECT CLASSIFICATION 1 Industrial projects PROJECT CLASSIFICATION 2 Construction of industrial buildings for pharmaceutical plants, food processing units, engineering units as well as manufacturing Institutional Projects and processing facilities. Construction of buildings for hospitals and
Slide 33: Project Classification: Government Projects
PROJECT CLASSIFICATION 3 Government projects PROJECT Focus only on challenging and prestigious CLASSIFICATION 4 government projects Executed marquee projects (Swarnim Sankul Government residential projects 01 and 02 at Gandhinagar, Sabarmati Riverfront Development project works in Execution of
Slide 34: Project Classification: Residential Projects
PROJECT CLASSIFICATION 5 Residential projects Construction of buildings for group housing and townships Construction of independent residences for select private customers. 6 Number of residential projects executed
Slide 35: Certifications
CERTIFICATIONS ISO 9001:2008, ISO 14001:2004, OHSAS 18001:2007 Approved Contractor as ‘AA’ class and “Special Category–1 in Buildings Class” with Government of Gujarat Registered as ‘A’ class approved electrical contractor in Roads and Buildings Department, Government of Gujarat
Slide 36: Presence in the Emerging Sectors like Smart Cities
PRESENCE IN THE EMERGING SECTORS LIKE SMART CITIES Awarded 6 out of 8 Complying with all projects in India’s the norms required first Smart City – for building Gift City in construction on Gandhinagar smart cities like green building norms among others Received contract for constructing Asia’s bigge
Slide 37: India. Leaping Giant.
INDIA. LEAPING GIANT. Sixth largest global Forex reserves US$400 Per capita income Rs Exports grew 11.52% ($ economy (nominal GDP bn (September 8, 2017) 103,219 (grew 9.7% over terms) in April-Sept 2017 US$2.454 tn, 2017) 2015-16) (over previous corresponding period) 66% of population in US$498 bn 3
Slide 38: India: Rapidly Increasing Construction Needs
INDIA: RAPIDLY INCREASING CONSTRUCTION NEEDS Growing Indian youth population (465 mn estimated, 2021) Growing middle-class population (300-350 mn estimated) 20 mn unit urban housing shortage* Focus on affordable housing by the Indian government - focus on ‘Housing for All’ Make in India (dri
Slide 39: India: Rapidly Increasing Construction Needs
INDIA: RAPIDLY INCREASING CONSTRUCTION NEEDS Significant healthcare segment investments - 3 million beds needed to achieve 3 beds / 1,000 people target by 2025 Commercial real estate supply in top Indian cities is expected to be at 40-50 mn sq. ft per year until 2020 Government announced eight
Slide 40: Opportunities
OPPORTUNITIES Simplified tax Single window structure like clearance for GST projects Construction Better FDI Make in India industry annual growth rate norms initiative attracting investments in manufacturing 3.95% 2012-16 4.16% 2017-2021
Slide 41: We End with a Big Picture Once Again…
WE END WITH A BIG PICTURE ONCE AGAIN… Independent India took just India likely to India took 60 seven emerge as a years to become subsequent US$7 tn a USD1 tn years for the next economy by economy trillion 2030 Growing India Companies that Companies like will need focused can building PSP Projects c
Slide 42: Safe Harbor Statement
SAFE HARBOR STATEMENT Statements in this ‘Presentation’ describing the Company’s objectives, estimates, expectations or predictions may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or imp
Slide 43: PSP Projects Ltd.
PSP Projects Ltd. ‘‘PSP House”, Opp. Celesta Courtyard, Opp. Lane of Vikramnagar Colony, Iscon-Ambli Road, Ahmedabad - 380058 P - +91 79 2693 6200/6300/6400 E – hetal@pspprojects.com I W – www.pspprojects.com