Slide 1: Investor Presentation H1 FY18-19
Investor Presentation H1 FY18-19 POWER MECH PROJECTS LTD Growth Unlimited 17th Nov 2018
Slide 2: Disclaimer
Disclaimer Safe Harbor Statement The information contained herein has been prepared to assist prospective investors in making their own evaluation of Power Mech Projects Limited (hereinafter ‘the company’) and does not purport to be all-inclusive or to contain all of the information a prospective
Slide 3: Power Mech – At a Glance
Power Mech – At a Glance A leading Industrial Services and Construction Company providing versatile and comprehensive service in power and infrastructure sector Established in 1999 by Presently Operates Pan- Largest O&M service FY 17-18 Mr. S. Kishore Babu, a India, Middle East, South Revenue: Rs 15
Slide 4: Journey of the Company, Major milestones and achievements
Journey of the Company, Major milestones and achievements → Listing in BSE & NSE, overwhelming response → First ETC of 1 X 63 Tph and 2 X 165 → Private Equity into Power Mech subscribed by 38 times Tph AFBC Boilers, 20.85 MW & 55 → First major international work in Libya, 2X157 MW Erection → Major O
Slide 5: Established Track Record
Established Track Record Integrated power infrastructure services Track record of ~19 years Established a track record of successfully 24,00,000 MT of aggregate tonnage of the erection works executed executing ETC-BTG and BOP contracts for large power projects 64,000 MW, engaged on ETC-BTG and BOP
Slide 6: Our Service presence across key areas
Our Service presence across key areas Industrial Industrial Construction Construction Industrial Services (O&M) International Operations Infrastructure Construction (Civil) Power Projects (Ultra Mega, Super Overhauling and Maintenance of Erection, Testing & Commissioni Power Plants, Railway, Ind
Slide 7: Our Service presence across key areas (cont..)
Our Service presence across key areas (cont..) Industrial Construction Electricals Hydro Power & Water Manufacturing Extra High Voltage Substation Supply & construction of Hydro Fabrication of Heavy Works power plants Structures, Large & High Construction of 33/11 Kv Renovation & moderniza
Slide 8: Company Strengths
Company Strengths Large talent with Highly Experienced Management Comprehensive service provider in Power Team with strong industry background Sector Largest service provider in O&M space Strong execution capabilities across verticals Well diversified business profile with stable Marquee clientele:
Slide 9: Qualified Board
Qualified Board Sajja Kishore Babu, CMD Sajja Lakshmi, Non Executive Director Founder of the company holds bachelor’s degree in She is a science graduate and holds place in HR Mechanical Engineering. He has 35 years of experience management of the company & also member of CSR in power and infra sect
Slide 10: Professional and Experienced Management Team
Professional and Experienced Management Team S K Kodandaramaiah, Director – Business Development M. Rajendran, COO Post graduate in mechanical engineering. More than 4 decades of experience in power and Degree in Civil Engineering. He has more than 38 years of experience in construction & industry s
Slide 11: Top Shareholders Shareholding Pattern
Top Shareholders S No Name Shares Category Percentage Shareholding Pattern 1 HDFC Small Cap Fund 894,852 MUT 6.08% 2 Vantage Equity Fund 6,03,000 AIF 4.10% 3 Banyantree Growth Capital II L.L.C 3,56,051 FPI 2.42% 0.73% 4 IDFC Multi Cap Fund 350,186 MUT 2.38% 2.56% 13.42% 5 IIFL Re Organise India Equi
Slide 12: Established Relationships with Clients – Domestic Projects
Established Relationships with Clients – Domestic Projects 12
Slide 13: Established Relationships with Clients – International Projects
Established Relationships with Clients – International Projects 13
Slide 14: Infra for Project Management
Infra for Project Management Large construction equipment base Primavera SAP & Site level Support functions MS Project- Productivity Application SBU Heads 9,100 HR Base For Project Engineers, Supervisors, Responsibility Technicians, HSE, FQA Other Staff Capability Centers Construction, Quality, Safe
Slide 15: Business Strategy
Business Strategy Expanding the services footprint & leveraging technical expertise to target higher margin contracts Offer comprehensive O&M solutions Working on advanced project execution methodologies & improve cash flow Fully established manufacturing setup available at Noida for non critical
Slide 16: Expanding Services Footprint
Expanding Services Footprint 48 GW Capacity addition up to 2022 Presently 15 GW opportunities in BTG & ETC value of Rs 15 Billion Domestic Green & Brown field expansion, 5,000 MW of EPC tenders in pipe line Power, FGD, SC Estimated that Rs 200 Billion to Rs 300 Billion worth of investments a
Slide 17: Expanding Services Footprint (cont…)
Expanding Services Footprint (cont…) Substantial growth is expected, installed base of 252 M MT enhance to 320M MT by 2030-31 by way of brown field & green filed refineries, augmenting the capacities Annul investments in the range of Rs 600 Billion to Rs 800 Billion Oil & Gas The construction
Slide 18: Expanding of O&M service into other sectors & new horizons
Expanding of O&M service into other sectors & new horizons Solar Thermal Hydro Domestic O&M (AMC, R&M, GAS Steel Trouble (Power) shooting etc) Fully developed Captive Exports Power (Thermal) Partially developed Refinery & Petro Chemicals To be developed 18
Slide 19: Expanding Horizons…… Broadening Capabilities
Expanding ExpandingHorizons…… Horizons…… …..Broadening …..BroadeningCapabilities Capabilities 19
Slide 20: Consolidated Operational Performance Highlights: YoY Q2 & H1 FY 19
Consolidated Operational Performance Highlights: YoY Q2 & H1 FY 19 Q2 FY 18-19 YoY Total Income EBITDA PAT Orders received + 55.1% + 53.6% + 67.0% + 861.8% H1 FY 18-19 YoY Total Income EBITDA PAT + 41.6% + 41.8% + 50.0% Orders received ROE ROCE + 229.8% + 176 bps + 237 bps Cash flow from EPS Net Deb
Slide 21: Q2 FY18-19 – YoY Consolidated Financial Performance
Q2 FY18-19 – YoY Consolidated Financial Performance INR in million Total Income EBIDTA PAT 800 722 284 300 6,000 5,383 700 600 250 5,000 470 4,000 3,471 500 200 170 400 13.42% 5.28% 3,000 150 300 2,000 13.54% 100 200 50 4.90% 1,000 100 - - - Q2FY18 Q2FY19 Q2FY18 Q2FY19 Q2FY18 Q2FY19 Q2 Revenue Erect
Slide 22: H1 FY18-19 – YoY Consolidated Financial Performance
H1 FY18-19 – YoY Consolidated Financial Performance INR in million Total Income EBIDTA PAT 12,000 10,030 1,600 1,358 600 528 10,000 1,400 500 8,000 7,083 1,200 958 1,000 400 352 6,000 800 13.54% 5.26% 300 4,000 600 13.52% 200 4.97% 400 2,000 100 200 - - - H1FY18 H1FY19 H1FY18 H1FY19 H1FY18 H1FY19 H1
Slide 23: FY18 Financial Performance (consolidated)
FY18 Financial Performance (consolidated) INR in million Contract Revenue Revenue mix shift towards high-margin O&M services segment 11,954 13,650 13,778 13,344 15,439 EBITDA Margins continue to remain healthy…. Profit After Tax 23
Slide 24: FY18 Financial Performance (consolidated)
FY18 Financial Performance (consolidated) INR in million Healthy net debt equity ratio provides significant headroom for growth High Asset Turnover … testament to higher efficiency 24
Slide 25: Robust Order Book: Stronger Revenue visibility for next 3 years
Robust Order Book: Stronger Revenue visibility for next 3 years INR in million 45,000 42,677 40,000 37,050 15% 35,238 34,063 35,000 49 % 30,000 85% 28,185 25,000 Contract Revenue 21,064 19,420 20,000 17,950 Order Inflow 15,375 15,439 14,023 13,650 13,778 13,344 Order Back Log 15,000 11,954 10,000 34
Slide 26: Robust Order Book: Stronger Revenue visibility for next 3 years (cont..)
Robust Order Book: Stronger Revenue visibility for next 3 years (cont..) INR in million Order Inflow during FY 19 (up to 17th Nov 18) Rs. 36,703 Mn 8,088 Erection 22% O&M Electrical Works 20,675 4,440 12% Civil & Other Works 56% 3,500 Power : 23% & Non Power 77% 10% Order back log as on 30th Sep, 20
Slide 27: Key Orders won during FY 18 & FY 19
Key Orders won during FY 18 & FY 19 Domestic / Key projects received Location Segment Rs Mn International during FY 18/ FY19 Erection, testing, commissioning of boiler and its auxiliaries, BHEL Bangladesh ETC 1,080 Installation works of HRSG, Center Line (STG & GTG), Gama Bahrain ETC 1,330 Piping ,
Slide 28: Financial Snapshot | Consolidated Income Statement & Balance Sheet
Financial Snapshot | Consolidated Income Statement & Balance Sheet INR in million Income Statement (Consolidated) Balance Sheet (Consolidated) Particulars FY14 FY15 FY16* FY17* H1 FY18 * FY18* H1 FY19* Particulars FY14 FY15 FY16 * FY17* H1 FY18* FY18* H1 FY19* Revenue from operations 12,003 13,662 1
Slide 29: Our Projects
POWER MECH Growth Unlimited Our Projects 29
Slide 30: Industrial Construction: Domestic Projects (Erection, Testing & Commissioning)
INDUSTRIAL CONSTRUCTION: DOMESTIC PROJECTS (ERECTION, TESTING & COMMISSIONING) 1X660 MW TPP, BTG, HARDUAGANJ, DOOSAN 3X660 MW ,BOILER, ESP,CP, STRUCTURE & STG, 2X500 MW STPP,BOILER, ESP STG, BOILER, ESP, TG AUXILIARIES, UMPP BOILER, ESP, STRUCTURE, TG NABINAGAR, BHEL VINDHYACHAL, BHEL (COMPLETED) 80
Slide 31: Infrastructure Construction: Civil, Architectural & Railway Works
INFRASTRUCTURE CONSTRUCTION : CIVIL, ARCHITECTURAL & RAILWAY WORKS 1X800 MW TPSS, CIVIL, STRUCTURAL AND 1X800 MW TPSS, CIVIL, STRUCTURAL AND GDV-MTM 37 ,DOUBLING & 1X500MW, FGUTTP, CIVIL, STRUCTURAL 2X800 MW, YTPS, CIVIL, STRUCTURAL ARCHITECTURAL WORK UNIT- ARCHITECTURAL WORK STAGE-3, NORTH ELECTRIF
Slide 32: International Operations
INTERNATIONAL OPERATIONS 250 MW SABIYA CCPP, KUWAIT 2X157 MW GT POWER PLANT, LIBYA 6X200 MW HEP, BHUTAN 1800 MW ALBA CCPP, BAHRAIN 360MW BHERAMARA INSTALLATION OF HRSG (COMPLETED) INSTALLATION OF HYDRO ETC OF GTG,STG,HRSG & BOP CCPP, BANGLADESH INSTALLATION TURBINE & GENERATOR OF GTG, STG & HRSG 151
Slide 33: Operation and Maintenance
OPERATION AND MAINTANENCE SIEMENS -138MW GAS TURBINE TG OVERHAUING 600MW JHARSUGUDA BEARING DIASSEMBLY AT NTPC-SIMHADRI CONTROL & STOP VALVES OVERHAULING PAGUTHAN VEDANTA SIPAT 660MW CAPITAL OVERHAULING OF TURBINE HP HEATER REPLACEMENT 800MW ,CGPL CUPLOCK SCAFFOLDING ERECTION MSH LINE MODIFICATION,
Slide 34: Manufacturing Facility & Hydro Power Services
MANUFACTURING FACILITY & HYDRO POWER SERVICES MANUFACTURING UNIT (NOIDA) CNC SECTION (NOIDA) SR FURNACE (NOIDA) CNC OXY FUEL CUTTING (NOIDA) HEAVY DUTY CENTRE LATHES( NOIDA) VTL(MANUAL+CNC (NOIDA) PLANO MILLER, CND (NOIDA) 3 ROLL PLATE BENDING MACHINE (NOIDA) HYDRO GENERATOR UNDER ASSEMBLY FOR FRANC
Slide 35: Thank You
Thank You For investor queries, please contact: Mr. Rohit Tibrewal, Company Secretary Ph: +91-040-30444418 Mobile No: +91 9160325151 Email: cs@powermech.net 35