Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — Q1 FY2016-17 Earnings Presentation
27 slides from Pnc Infratech's earnings presentation, 2016
Slide 1: Results Update Presentation Q1 FY 2016-17
PNC Infratech Limited Results Update Presentation Q1 FY 2016-17
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by PNC Infratech 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 securi
Slide 3: Key Highlights & Financials
1 Key Highlights & Financials PNC Infratech Limited 3
Slide 4: Key Financial Highlights – Q1 FY 2016-17
Key Financial Highlights – Q1 FY 2016-17 Standalone Consolidated Revenue (6%)* Revenue 19% Rs. 515 Crs Rs. 635 Crs * - As per Ind-AS; As per IGAAP the revenue growth is 24% EBITDA EBITDA Rs. 67 Crs Rs. 166 Crs 12% (Margin: 13.0%) 25% (Margin: 26.1%) PAT PAT^ Rs. 64 Crs Rs. 54 Crs 146% (Margin: 12.4%
Slide 5: Other Highlights – Q1 FY 2016-17
Other Highlights – Q1 FY 2016-17 4 laning / 2 laning with paved shoulders of Dausa-Lalsot-Kauthun section of NH-11 A First HAM (Extension) in the state of Rajasthan under NHDP IV, on Hybrid Annuity Model for a bid Project project cost of Rs. 881.0 crores Received projects worth Rs. 1,374 crores
Slide 6: Standalone Financial Highlights – Quarter 1
Standalone Financial Highlights – Quarter 1 Revenue (Rs. Crs) EBITDA (Rs. Crs) +19% +12% 515 67 434 60 Q1 FY16 Q1 FY17 Q1 FY16 Q1 FY17 PAT (Rs. Crs) +146% 64 26 Q1 FY16 Q1 FY17 PNC Infratech Limited 6
Slide 7: Consolidated Financial Highlights – Quarter 1
Consolidated Financial Highlights – Quarter 1 Revenue (Rs. Crs) [as per Ind-AS] Revenue (Rs. Crs) [as per I GAAP] -6% +27% 678 635 651 514 Q1 FY16 Q1 FY17 Q1 FY16 Q1 FY17 EBITDA (Rs. Crs) PAT after MI & Asso. Profit (Rs. Crs) +25% +145% 166 54 132 22 Q1 FY16 Q1 FY17 Q1 FY16 Q1 FY17 PNC Infratech Lim
Slide 8: Segmental Revenue Break-up
Segmental Revenue Break-up Quarter 1 (Rs. Crs) Q1 FY16* Q1 FY17 122 244 434 513 EPC BOT/Annuity EPC BOT/Annuity/Others * As per Ind-AS Quarter 1 (Rs. Crs) Q1 FY16** Q1 FY17 80 138 513 434 EPC BOT/Annuity ** As per I GAAP for comparison only EPC BOT/Annuity/Others PNC Infratech Limited 8
Slide 9: Order-book Details
2 Order-book Details PNC Infratech Limited 9
Slide 10: Robust Order-book of over Rs. 5,100 crores
Robust Order-book of over Rs. 5,100 crores Order-book Highlights Remaining value of contracts under execution Rs.5,101 crores as on June 30, Remaining 2016. In addition, the Company has received Letters of Award (LoA) of the Key EPC Projects Under Construction Value following 3 projects in July’20
Slide 11: BOT Portfolio
3 BOT Portfolio PNC Infratech Limited 11
Slide 12: Sizeable BOT Portfolio
Sizeable BOT Portfolio PNC Share of Invested Total Debt as on % State / JV Kms / TPC Invested Grant Project Authority Type Equity Debt 30th June ’16 Stake Stretch Partners Lanes (Rs. Crs) Amount (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Ghaziabad UP / SREI, 67.9*/ 35%* NHAI Toll 125 / 4 2,01
Slide 13: Annexure I – Summary Financials
4 Annexure I – Summary Financials PNC Infratech Limited 13
Slide 14: Quarter 1 Profitability Statement
Quarter 1 Profitability Statement Standalone Consolidated Rs. Crores Q1 FY17 Q1 FY16 YoY growth Q1 FY17 Q1 FY16 YoY growth REVENUE 515.0 434.4 19% 635.4 677.7 -6% EBITDA 67.1 60.1 12% 165.8 132.2 25% EBITDA margin 13.0% 13.8% 26.1% 19.5% Other Income 17.4 1.9 49.0 9.0 Depreciation 12.1 11.8 63.1 45.
Slide 15: Reconciliation Statement of Profit and Loss under IGAAP to Ind-AS
Reconciliation Statement of Profit and Loss as previously reported under IGAAP to Ind-AS for the quarter ended 30th June 2015 Standalone Consolidated Particulars (Rs. Crores) (Rs. Crores) Net profit/ (loss) as per Indian GAAP 26.11 24.61 Recognition & Measurement at Fair Valuation of toll, cash & an
Slide 16: Annual Profitability Statement [as per I GAAP]
Annual Profitability Statement [as per I GAAP] Standalone Consolidated Rs. Crores FY16 FY15 YoY growth FY16 FY15 YoY growth REVENUE 2,014.16 1,560.99 29% 2,394.60 1,860.89 29% EBITDA 265.96 216.62 23% 407.35 279.87 46% EBITDA margin 13.20% 13.88% 17.01% 15.04% Other Income 20.16 13.82 16.65 12.14 De
Slide 17: Balance Sheet [as per I GAAP]
Balance Sheet [as per I GAAP] Standalone Consolidated Rs. Crores Mar-16 Mar-15 Mar-16 Mar-15 Shareholder’s Fund 1,362.26 718.44 1,309.74 871.08 Share capital 51.31 39.81 51.31 39.81 Reserves & Surplus 1,310.96 678.63 1,258.44 831.27 Minority Interest - - 0.05 0.05 Non-current liabilities 165.84 274.
Slide 18: Net Working Capital Days
Net Working Capital Days* 128 124 122 122 115 109 112 97 92 86 87 65 68 57 59 54 FY10 FY11 FY12 FY13 FY14 FY15 FY16 Q1 FY17 Debtors Net Working Capital PNC Infratech Limited * - Standalone 18
Slide 19: Utilization of IPO Proceeds
Utilization of IPO Proceeds Utilization of Net Proceeds as on June 30, 2016 Offer Proceeds Revised Amount Utilization Amount Particulars (Rs. Crores) Utilization Pending Planned Utilized Particulars Rs. Crores Planned* Utilization 1 2 3 4=2-3 Funding working capital 150.00 150.00 150.00 0.00 require
Slide 20: Annexure II – Company Overview
5 Annexure II – Company Overview PNC Infratech Limited 20
Slide 21: Introduction
Introduction Infrastructure construction, development and management company; expertise in execution of projects including highways, bridges, flyovers, airport runways, industrial areas and transmission lines Executed 55 major infrastructure projects spread across 13 states , of which 34 are road EP
Slide 22: Business Overview
Business Overview Completed 34 infrastructure Operating 6 BOT projects road projects on EPC basis Roads & Roads & and 1 OMT project, Highways Highways comprising of both toll & EPC BOT / OMT annuity assets Set up power transmission Executed 19 airport lines of approximately 350 Power Airport runway
Slide 23: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) PNC Power Private Limited (“PNCPPL”) BOT Holdco for road and other infra projects Engaged in erection, installation, repair and re-modelling of power plants etc PNC Bareilly Nainital Highways Private Limited (“PNCBNHPL”) 4 laning of the
Slide 24: Experienced Promoters
Experienced Promoters Mr. Pradeep Kumar Jain - Chairman & Managing Director Over 37 years of experience in the construction, infrastructure sector and allied areas Responsible for overall administration and supervision of projects and liaison with agencies Mr. Naveen Kumar Jain - Whole-time
Slide 25: Board of Directors
Board of Directors Mr. Pradeep Kumar Jain Mr. Naveen Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain CMD Whole-time Director Managing Director Managing Director Mr. Anil Kumar Rao Mr. Sunil Chawla Mr. Chhotu Ram Sharma Mr. Subhash Chander Kalia Whole-time Director Non-Executive Director Ind
Slide 26: Clientele
Clientele PNC Infratech Limited 26
Slide 27: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : PNC Infratech Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L45201DL1999PLC195937 CIN: U74140MH2010PTC204285 Mr. D. K. Maheshwari Mr. Jigar Kavaiya Assistant Vice President - Finance Group Account Head +91-9920602034 dkm