Slide 1: Q2 FY14 Result Update
Vascon Engineers Limited Q2 FY14 Result Update November, 2013
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vascon Engineers 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 secu
Slide 3: Key Highlights
Key Highlights • Received Rs. 11 Crs from stake sale in Zenith, Pune • Sale of 50% stake in Marigold project for total consideration of Rs. 16.50 Crs • Re-commencement of construction work on TNLA project • Collection from long outstanding debtors- - TNLA Rs. 3.80 crs - Sinhagad group Rs. 8.71 crs -
Slide 4: Consolidated Profitability Statement
Consolidated Profitability Statement Rs. Mn Q2 FY14 Q2 FY13 H1 FY14 H1 FY13 Revenue 1564 1850 2753 3812 Other Income 45 45 129 113 Total Income 1609 1895 2882 3925 Construction Expenses / Material 1193 1377 2012 2847 Consumed Employee Cost 190 159 379 345 Other Expenses 142 182 298 330 EBITDA 84 178
Slide 5: Consolidated Balance Sheet
Consolidated Balance Sheet Rs. Mn Sep-13 Mar-13 Rs. Mn Sep-13 Mar-13 Net Worth 6,961 7,135 Non Current Assets Net Fixed Assets 2,142 2,270 Minority Interest 117 122 Non Current Investments 195 177 Deferred Tax Assets 16 16 Non Current Liabiliteis Long term loans & Advances 2,226 2,198 Long Term Borr
Slide 6: Segment-wise Financial Highlights
Segment-wise Financial Highlights Rs. Mn Revenue Cost of Sales Gross Profit Gross Profit % Q2 FY14 Q2 FY13 Q2 FY14 Q2 FY13 Q2 FY14 Q2 FY13 Q2 FY14 Q2 FY13 EPC 636 781 592 586 44 195 6.86% 25.03% Real Estate 315 563 226 460 89 103 28.32% 18.29% Clean Room 604 498 374 330 230 168 38.05% 33.79% Partiti
Slide 7: Revenue growth
Revenue growth Real Estate Segment Clean Room Partition & BMS Segment 12.9 100.8 71.9 295 5.4 3.12 58.6 160 434 604 498 492 470 440 315 374 259 258 276 186 Q1FY13 Q2FY13 Q3FY13 Q4FY13 Q1FY14 Q2FY14 Q1FY13 Q2FY13 Q3FY13 Q4FY13 Q1FY14 Q2FY14 Rs Mn. Rs Mn. Third Party Sales Inter-company sales Revenue
Slide 8: Real Estate Projects Progress
Real Estate Projects Progress As on Sept 30, 2013 Total Vascon Share Project Name Location Vascon Share Project Rev. Area Sold Sale Value Collection Sale Value Collection Area Recognised Equity Revenue msft msft Rs. mn Rs. mn Rs. mn Rs. mn Rs. mn Willows Phase (D,E,F) Pune 100% 80% 0.21 0.19 825 736
Slide 9: Real Estate Portfolio
Real Estate Portfolio City Area Dev. Area Vascon Share Acres msft msft JDA Belgam 1.72 0.17 0.08 Chennai 25.00 1.65 1.25 Hyderabad 3.50 0.60 0.40 Madurai 28.20 2.65 1.78 Nashik 3.67 0.16 0.12 Pune 182.44 10.83 6.22 JV Pune 55.39 3.30 1.65 Thane 145.12 18.96 8.43 JV & JDA Coimbatore 37.20 2.87 1.52 O
Slide 10: Focusing on Cash Flows improvement
Focusing on Cash Flows improvement • Monetization of completed project inventory / selective land parcels Value Project / Location Nature Area Status (Rs. mn.) Zenith, Pune Land Parcel 380,000 270 190 mn received Deal Done, V-Tech, Nashik Commercial 118,000 350 payment awaited 620 Rs.110 mn received
Slide 11: The Road Ahead
The Road Ahead 1. Continue focus on Cash Flow Improvement 2. Focus on Real Estate project development 3. Selective on new EPC orders 11
Slide 12: For further information, please contact:
For further information, please contact: Company : Vascon Engineers Ltd. Mr. M Krishnamurthi , Chief Corporate Affairs mk_murthi@vascon.com Mr. Punit Bhayani punit@vascon.com www.vascon.com 12