Rites Ltd. · NSE:RITES
Rites — Q2 FY23 and H1 FY23 Earnings Presentation
24 slides from Rites's earnings presentation, Nov 10, 2022
Slide 1: Exchange cover letter for investor presentation
No. RITES/SECY/NSE Date: November 10, 2022 To: To: Listing Department, Corporate Relationship Department National Stock Exchange of India Limited BSE Limited, Rotunda Building, ‘Exchange Plaza', C-1, Block G, Bandra - P J Towers, Dalal Street, Fort, Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai
Slide 2: Investor Presentation: Financial Results Q2FY23 & H1FY23
Investor Presentation Financial Results: Q2FY23 & H1FY23 10th November, 2022
Slide 3: Safe Harbor
Safe Harbor This presentation report is for distribution purpose only under such circumstances as may be permitted by applicable law. This presentation is for information purposes only without regard to specific objectives, financial situations or needs of any particular persons and does not constit
Slide 4: Content
Content • Round-up of Q2 & H1FY23 4 • Financial Performance 6 • Segmental Performance 17 • Employee Productivity 24 • Order Book 26 RITES | Financial Statements www.rites.com 3
Slide 5: Round-Up Q2FY23 & H1FY23
Round-Up Q2FY23 & H1FY23
Slide 6: Key Highlights
Key Highlights 1 H1FY23 Consolidated Revenue & PAT up by 13.3% & 12.9% ₹684 cr. 2 2nd Interim dividend of ₹4.5 per share Q2FY23 3 Order book stands at ₹5008 crore as on 30th September’ 2022 ₹637 cr. 4 Secured GC for Ahmedabad Metro ph-II & EPC work for Kollam Station Q1FY23 5 Received USD 11.4 Milli
Slide 7: Financial Performance Q2FY23 & H1FY23
Financial Performance Q2FY23 & H1FY23
Slide 8: Performance During Q2FY23
Performance During Q2FY23 ₹ in Crore +8.9% +7.5% Q2 Vs Q1 FY23 +9.2% +8.7% Consultancy, Leasing, turnkey and REMC has shown growth during the quarter Less exports during the quarter led to decrease in revenue Sequential standalone & consolidated revenue has shown a growth of 8.7% & 7.5% respectively
Slide 9: Profits for Q2FY23
Profits for Q2FY23 ₹ in Crore Margins remained range bound despite increase in low margin turnkey share in revenue Less exports during the quarter led to decrease in profits *EBITDA = PBT + Interest + Depreciation + Amortization – Other Income 8
Slide 10: Performance During H1FY23
Performance During H1FY23 ₹ in Crore All segments except exports led to growth during the Half year Consultancy, Leasing, Turnkey and REMC has shown growth 9
Slide 11: Profits for H1FY23
Profits for H1FY23 ₹ in Crore Increase in profits on account of increase in consultancy and turnkey Margins remained range bound *EBITDA = PBT + Interest + Depreciation + Amortization – Other Income 10
Slide 12: Segmental Performance Q2FY23 & H1FY23
Segmental Performance Q2FY23 & H1FY23
Slide 13: Segmental Mix H1FY23
Segmental Mix H1FY23 ₹ in Crore Consultancy remained the highest revenue and profit earning segment Steadily increasing share of Foreign consultancy 12
Slide 14: Segmental Growth – Q2FY23 (Standalone)
Segmental Growth – Q2FY23 (Standalone) ₹ in Crore Q2FY23 279 36 79 239 31 Revenue 11.2% 8.9% -77.5% 117% 36.0% Q2FY22 251 33 351 110 23 Consultancy Lease Export Turnkey Other Income Consultancy, lease, turnkey has shown growth on account of higher execution during the quarter Exports has shown a dip
Slide 15: Segmental Growth – Q2FY23 (Standalone)
Segmental Growth – Q2FY23 (Standalone) ₹ in Crore Profit Margins* 43.7% 36.3% 22.8% 3.6% 122 13 18 9 Q2FY23 Profits 10.9% 3.7% -81.6% 337% Q2FY22 110 12 98 2 Consultancy Lease Exports Turnkey Profit Margins* 43.9% 38.1% 27.8% 1.8% Margins in all segments remained range bound Exports profit and margi
Slide 16: Segmental Growth – H1FY23 (Standalone)
Segmental Growth – H1FY23 (Standalone) ₹ in Crore H1FY23 563 69 159 419 63 Revenue 23.5% 6.6% -54.8% 105% 26.7% H1FY22 455 65 352 205 49 Consultancy Lease Export Turnkey Other Income Consultancy, lease, turnkey has shown growth on account of higher execution during the quarter Exports revenue decrea
Slide 17: Segmental Growth – H1FY23 (Standalone)
Segmental Growth – H1FY23 (Standalone) ₹ in Crore Profit Margins* 44.5% 38.6% 24.1% 3.7% 250 27 38 16 H1FY23 Profits 29.1% 3.4% -59.0% 293% H1FY22 193 26 94 4 Consultancy Lease Exports Turnkey Profit Margins* 42.5% 39.8% 26.6% 1.9% Margins in all segments remained range bound Exports’ profit has sho
Slide 18: REMC Ltd Performance-Q2FY23
REMC Ltd Performance-Q2FY23 ₹ in Crore Healthy performance on account of energy management activities in both quarter of H1FY23 Profit margins remained healthy during the period *EBITDA = PBT + Interest + Depreciation + Amortization – Other Income 17
Slide 19: Employee Productivity
Employee Productivity 18
Slide 20: Employee Productivity
Employee Productivity ₹ in Crore Continuous rationalization of manpower to improve productivity Senior Management with an avg. experience of 30+ years Experts in Engineering, Science, Finance, Economics etc. with a mix of regular, deputationists and contract employees Approx 1,400 regular skilled en
Slide 21: Order Book
Order Book 20
Slide 22: Order Book
Order Book Order Book (as on 30.09.2022) ₹ 5,008 Crore Consultancy Exports Lease Turnkey REMC Ltd ₹ 2,465 Crore ₹ 277 Crore ₹ 185 Crore ₹ 1,981 Crore ₹ 100 Crore * Order book doesn’t include the recently secured EPC order from BMRCL of ₹ 250 ** REMCL’s orders book is annualised based on the last qua
Slide 23: Major Projects Secured – Q2FY23
Major Projects Secured – Q2FY23 ₹ in Crore RITES secured more than 70 projects/contracts including extensions of more than ₹440 crore during Q2FY23. Expected Project Scope Amount Client Completion Year Turnkey EPC- Redevelopment Kollam Railway Station 164 Indian Railways 2025 General Engineering Con
Slide 24: Transforming to GREEN
Transforming to GREEN Future Ready~ Not just more of the same; but much more of the New! Get in touch : info@rites.com Stay Updated : f ¥ @ in ®) RITES Limited Ugea fates Corporate Office: Shikhar, 1, Sector-29, Gurugram-122 001 Tel: (0124)-2571666 E-mail: info@rites.com Website: www.rites.com.