Larsen & Toubro Limited · NSE:LT
Larsen & Toubro — Q1 FY2006 Earnings Presentation
14 slides from Larsen & Toubro's earnings presentation, Jul 28, 2005
Slide 1: Performance Review Q1-FY06
LARSEN & TOUBRO LIMITED Performance Review Q1- FY06 July 28, 2005
Slide 2: Disclaimer
Disclaimer This presentation contains certain forward looking statements concerning L&T’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The r
Slide 3: Order Booking & Sales
Order Booking & Sales FY'05 Rs. Billion Q1'06 Q1'05 % change 149.65 Order Booking * 38.61 26.32 47 132.69 Sales 31.55 26.89 17 Other Income 2.83 - Operational 0.50 0.43 16 4.13 - Others$ 0.22 0.10 120 139.65 Total Revenue 32.27 27.42 18 179.11 Order Backlog * 183.17 170.29 8 * Includes L&T's share o
Slide 4: Segmental Revenues
Segmental Revenues Q1'06 Q1'05 Others Others 7% 7% Elect. Elect. 10% 9% E&C E&C 83% 84%
Slide 5: Details of Other Income
Details of Other Income Rs. Million FY'05 FY'04 Hire Income from plant & machinery 30 43 RMC freight and pumping charges 145 150 Commercial leadership fees from IJVs 19 40 Miscellaneous Income 250 125 Dividend from Subsidiaries 36 62 Income from Trade Investments 20 15 Recurring/Operating Other Inco
Slide 6: Net income
Net income % FY'05 Rs. Billion Q1'06 Q1'05 change 10.81 PBDIT* 1.98 1.47 35 7.9% PBDIT/Revenue* 6.1% 5.4% 0.54 Interest 0.10 0.10 0 0.94 Depreciation 0.29 0.21 38 9.33 PBT* 1.59 1.16 37 3.21 Tax - Current 0.52 0.37 41 (0.19) - Deferred (0.02) (0.01) 100 - - FBT 0.04 - 6.31 PAT* 1.05 0.80 32 3.53 Pro
Slide 7: Segment-wise split of Income
Segment-wise split of Income Business Segments Rs. Billion E&C Elec. Others Gen. Total Total Sales 26.29 3.30 2.38 - 31.97 Inter-segment Sales - 0.10 0.15 - 0.25 Customer Sales 26.29 3.20 2.23 - 31.72 Excise Duty 0.17 0.25 0.02 - 0.44 Net Sales 26.12 2.95 2.21 - 31.28 Other Income 0.03 - 0.14 0.26 0
Slide 8: Engineering & Construction
Engineering & Construction FY'05 Rs. Billion Q1'06 Q1'05 % change Order Booking : * 113.48 Domestic 23.40 15.09 55 16.9 Export 8.14 6.70 21 130.38 Total 31.54 21.79 45 Gross Sales: 90.50 Domestic 21.16 18.50 14 23.55 Export 5.10 4.21 21 114.05 Total 26.26 22.71 16 0.25 Other Income 0.03 0.06 114.30
Slide 9: Major Domestic Orders booked in Q1 06
Major Domestic Orders booked in Q1 06 Rs. crore Construction of 6 lane flyover on NH-1, including widening of existing 4 lanes passing through Panipat, Haryana for National Highway Authority of India 360 Limited RJ-11 road project, [East-West corridor project] on NH-76 stretching between Kota and MP
Slide 10: Major International Orders booked in Q1 06
Major International Orders booked in Q1 06 Rs. crore Construction of cricket stadium at Kensington Oval, West Indies for World Cup 201 Barbados Inc. Construction of Palm Jumeriah Lake Towers, Dubai for Han Worldwide 117 Enterprise Inc. Manufacture and supply of ethylene oxide reactor for DOW Chemica
Slide 11: Engineering & Construction
Engineering & Construction FY'05 Rs. Billion Q1'06 Q1'05 % change 114.30 Total Revenues 26.29 22.77 15 0.77 Excise Duty 0.17 0.25 113.53 Net Revenues 26.12 22.52 8.27 EBITDA 1.31 1.33 -2 7.2% EBITDA/Tot. Rev. 5.0% 5.8% 7.67 EBIT 1.13 1.19 -5 32.35 Segment Assets 33.39 28.79
Slide 12: Sector-wise Order Backlog
Sector-wise Order Backlog 100% 9 17 18 23 23 80% 48 60% 35 33 38 35 40% 10 7 10 21 8 19 20% 17 21 23 20 13 5 17 16 14 0% 01 - 02 02 - 03 03 - 04 04 - 05 Q1 05-06 Process Oil & Gas Power Infrastructure Others
Slide 13: Electrical & Electronics
Electrical & Electronics FY'05 Rs. Billion Q1'06 Q1'05 % change 11.56 Total Revenues 3.20 2.46 30 0.91 Excise Duty 0.25 0.21 10.65 Net Revenues 2.95 2.25 31 1.47 EBITDA 0.44 0.26 69 12.7% EBITDA/Tot. Rev. 13.8% 10.6% 1.36 EBIT 0.42 0.23 83 3.60 Segment Assets 3.62 4.37
Slide 14: Others
Others FY'05 Rs. Billion Q1'06 Q1'05 % change 7.76 Total Revenues 2.23 1.86 20 0.09 Excise Duty 0.02 0.03 7.67 Net Revenues 2.21 1.83 21 0.91 EBITDA 0.31 0.25 24 11.7% EBITDA/Tot. Rev. 13.9% 13.4% 0.83 EBIT 0.28 0.23 22 2.54 Segment Assets 3.04 2.89