Va Tech Wabag Limited · NSE:WABAG
Va Tech Wabag — Q4 FY2020 Earnings Presentation
22 slides from Va Tech Wabag's earnings presentation, Aug 2, 2020
Slide 1: Cover letter to stock exchanges on audited results
______________________________________________________________________________ An ISO 9001 Company August 2, 2020 National Stock Exchange of India Limited BSE Limited, Exchange Plaza, Plot No. C/1, G Block, Floor 25, P J Towers, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 001 Mumbai
Slide 2: Result Update Presentation Q4 FY 2019-20
VA TECH WABAG LTD. RESULT UPDATE PRESENTATION Q4 FY 2019 - 20
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by VA TECH WABAG 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 4: Index
Index 1 Key Highlights 2 Quarterly Performance 3 Order Book Analysis 3 Water +ve
Slide 5: Business Overview
Business Overview Koyambedu Tertiary Treatment Reverse Osmosis (TTRO) Plant, Chennai, India 4
Slide 6: Key Highlights FY20
Key Highlights FY 20 5 Water +ve
Slide 7: Key Highlights
Key Highlights Order Book of INR 110.5 Bn including framework orders Order Intake of over INR 43.5 Bn Consolidated Revenue at INR 25.5 Bn Consolidated EBITDA of 9.6% at INR 2.4 Bn Consolidated PAT at INR 910 Mn Positive Operational Cash Flow of INR 2.5 Bn Izmir Kavaklidere WTP, Turkey 6
Slide 8: Business Highlights
Business Highlights Globally, our O&M sites being essential service, continued to operate despite lockdown across the geographies with necessary safety protocols; EPC sites operated subject to local government regulations Breakthrough orders in One City One Operator and Namami Gange HAM achieved
Slide 9: Quarterly Performance
Quarterly Performance 8 Water +ve
Slide 10: Results Overview – Consolidated Profit and Loss
RESULTS OVERVIEW – Consolidated Profit and Loss Rs. Millions Q4 FY 20 Q4 FY 19 YOY % FY 20 FY 19 YOY % • Q4 Revenue better than Revenue from previous year 7,851 6,793 15.6% 25,572 27,810 (8.0%) operations performance, despite Gain on Divestment 193 - - 193 - - COVID-19 disruptions; Q4 revenue growth
Slide 11: Results Overview – Standalone Profit and Loss
RESULTS OVERVIEW – Standalone Profit and Loss Rs. Millions Q4 FY 20 Q4 FY 19 YOY % FY 20 FY 19 YOY % Revenue from • Q4 Revenue higher than 4,914 4,354 12.9% 17,463 17,481 (0.10%) previous year and flat on Operations YoY despite COVID-19 Cost of Sales 3,809 3,014 26.4% 13,201 13,001 1.5% disruptions
Slide 12: Results Overview – Balance Sheet
RESULTS OVERVIEW – Balance Sheet Consolidated Standalone Rs. Millions Mar’20 Mar’19 Mar’20 Mar’19 Total Equity (Net Worth) 11,722 10,856 9,766 9,167 • Trade Receivables at Standalone stable YoY Non-Current Liabilities 2,665 2,732 2,545 2,135 • Increase in Trade Billed Payables 7,878 7,423 5,682 5,06
Slide 13: Cash Flow Statement
Cash Flow Statement Consolidated Standalone Rs. Millions FY 20 FY 19 FY 20 FY 19 • Turnaround in Operational Cash Flow achieved during the Net cash generated from/(used in) 2,448 (763) 1,319 (945) year as a result of operations execution progress and improved operating Net cash generated from/(used)
Slide 14: Working Capital Highlights
Working Capital Highlights Rs. Millions Mar’20 Sep’19 Mar’19 Inventories 264 228 153 Trade Receivables 15,894 13,943 13,510 Loans and Advances 494 499 446 • 10% reduction in Other Current Assets 13,450 13,252 14,997 Working Capital base achieved from March’19 Total Current Assets (A) 30,102 27,921 2
Slide 15: Revenue Breakup – FY
Revenue Breakup – FY 20 EPC O&M Rs. Millions EPC O&M Total 14% Municipal Industrial Municipal Industrial Wabag India 9,074 6,193 1,712 240 17,219 86% Wabag Overseas 5,309 1,106 1,372 233 8,020 Municipal Industrial 31% Total 14,383 7,299 3,084 473 25,239 EPC [Rs. Bn.] 69% O&M [Rs. Bn.] India Europe M
Slide 16: Key Projects Contributing to Revenue – FY
Key Projects Contributing to Revenue – FY 20 Revenue recognized Project Details [Rs. Mn] Expansion SWTP 9, Jubail, KSA – STP 2,483 Dangote, Nigeria - ETP & RWTP 2,036 Polghawela, Sri Lanka – WTP 1,676 South Doha, Qatar – STP 1,587 MRPL, Karnataka – Desal 1,410 HMEL, Bathinda – ETP & RWTP
Slide 17: Update on GENCO Projects
Update on GENCO Projects TSGENCO Rs. 1,388 Mio • Tecpro is endeavoring to initiate arbitration with TSGENCO • The Company and TSGENCO have challenged the same in Supreme Court and obtained an interim injunction order and expect quashing in the next hearing Tecpro Rs. 695 Mio • Pursuing legal action
Slide 18: Order Book Analysis
Order Book Analysis 17 Water +ve
Slide 19: Order Intake Breakup
Order Intake Breakup EPC O&M Rs. Millions EPC O&M Total 47% Municipal Industrial Municipal Industrial 53% Wabag India 15,098 1,169 17,933 342 34,542 Municipal Industrial Wabag Overseas 6,141 748 1,853 220 8,962 6% Total 21,239 1,917 19,786 562 43,504 Order Value 94% Key Orders Received (Rs. Mn.) BUI
Slide 20: Order Book Composition
Order Book Composition Rs. Millions EPC O&M Total EPC O&M Municipal Industrial Municipal Industrial 30% Wabag India 24,863 11,033 23,597 1,948 61,441 70% NMCG (SPVs) - EPC 7,947 - 1,453 - 9,400 - HAM 5,959 - 2,268 - 8,227 Municipal Industrial Wabag Overseas 20,355 2,014 1,851 168 24,388 15% Framewor
Slide 21: Order Book of Rs. 103.5 Bn & Framework Contracts of Rs. 6.9 Bn
Order Book of Rs. 103.5 Bn & Framework Contracts of Rs. 6.9 Bn Key Contracts in Orderbook Key Framework Contracts * Project Details Amt [Rs. Mn] Libya STP of Rs. 6,114 Mn UPJN, O&M of Agra & Ghaziabad 14,414 Koye Fetche, Ethiopia of Rs. 882 Mn BUIDCO, Digha & Kankarbagh – STP Network 11,878
Slide 22: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : VA Tech Wabag Ltd. Stellar IR Advisors Pvt. Ltd. CIN - L45205TN1995PLC030231 CIN - U74900MH2014PTC259212 Mr. Gaurang Vasani, Managing Director investors@wabag.in vgaurang@stellar-ir.com www.wabag.com www.stellar-ir.com 2