45 slides from J. Kumar Infraprojects's earnings presentation, Jan 30, 2024
Slide 1: Cover letter to stock exchanges
J. KUMAR INFRAPROJECTS LIMITED Regd Off: J. Kumar House, CTS No. 448, 448/1, 449, Subhash Road, Vile Parle (East), Mumbai 400 057, Maharashtra, India, Phone: +91 22 67743555. Fax: +91 22 26730814, Email: investor.grievances@jkumar.com Website: www.jkumar.com, CIN: L74210MH1999PLC122886 January 30, 2
Slide 2: J. Kumar Infraprojects Limited Q3 & 9MFY24 Results Update
J. Kumar Infraprojects Limited We dream… So we achieve… Investor Presentation Q3 & 9MFY24 Results Update
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by J. Kumar Infraprojects Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer, FOCUSED ON INNOVATION…DELIVERING EXCELLENCE recommendation or in
Slide 4: Table of Contents
Table of Contents Performance Highlights FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Company Overview Vision 2027 – Billion $ Company Business Overview Management Overview Historical Financials 3 We dream… So we achieve…
Slide 5: Performance Highlights
We dream… So we achieve… Performance Highlights
Slide 6: Q3 & 9M FY24 Key Financial Highlights
Q3 & 9M FY24 Key Financial Highlights PAT EPS EBITDA ✓ Up by 16% Y-o-Y to ✓ Stood at ₹10.92 in Q3 ✓ Up by 18% Y-o-Y to FY24 FOCUSED ON INNOVATION…DELIVERING EXCELLENCE ₹179 cr in Q3 FY24 ₹83 cr in Q3 FY24 Cash PAT Revenue ✓ Up by 14% Y-O-Y to EBIT ✓ Up by 14% Y-O-Y to ✓ Stood at ₹30.25 in 9M ₹229 cr
Slide 7: Q3 & 9M FY24 Profit & Loss
Q3 & 9M FY24 Profit & Loss Particulars (₹ In Cr) Q3 FY24 Q3 FY23 Y-O-Y Q2 FY24 9M FY24 9M FY23 Y-O-Y FY23 Revenue from Operations 1,219 1,062 15% 1,104 3,454 3,069 13% 4,203 FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Cost of Material Consumed 776 699 706 2,233 2,042 2,784 Construction Expenses 141
Slide 8: Robust Performance
Robust Performance Revenue (₹ Crores) EBITDA (₹ Crores) FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Quarter 18% 15% Y-O-Y Y-O-Y Nine Months 13% 14% Y-O-Y Y-O-Y 7 We dream… So we achieve…
Slide 9: Robust Performance
Robust Performance PAT (₹ Crores) Cash PAT (₹ Crores) FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Quarter 15% 16% Y-O-Y Y-O-Y Nine Months 14% 13% Y-O-Y Y-O-Y 8 We dream… So we achieve…
Slide 10: Revenue Breakup
Revenue Breakup Segment Wise Breakup (%) Geographical Break up (%) FOCUSED ON INNOVATION…DELIVERING EXCELLENCE 6% 5% 24% Metro - Underground Metro - Elevated Q3 FY 24 24% Elevated Corridors / Flyovers Roads / Road 18% Tunnels Water 23% Civil & others 9M FY 24 9 We dream… So we achieve…
Slide 11: Debt Profile
Debt Profile Long Term Debt (Incl. Short Term Debt Gross Debt Current Maturities) (₹ In Cr) (₹ In Cr) FOCUSED ON INNOVATION…DELIVERING EXCELLENCE (₹ In cr) Debt Equity Ratio • Gross debt equity ratio within comfort level at 0.24x as on Dec 31, 2023 • Net debt equity ratio at 0.03x as on Dec 31, 2023
Slide 12: Key Order Wins - FY24
Key Order Wins - FY24 Goregaon Mulund Link Road (GMLR): FOCUSED ON INNOVATION…DELIVERING EXCELLENCE • Total project cost ₹ 6,301 crores, JKIL share ₹ 3,088 crores (excluding GST) Total Order Inflow during FY 24 - ₹ 8,061 crores • Order from BMC for Design, Construction and Operation of Twin Tunnel f
Slide 13: Key Order Wins - FY24
Key Order Wins - FY24 Chennai Elevated Corridor: FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Total Order Inflow during FY 24 - ₹ 8,061 crores • Total project cost ₹ 3,570 crores (excluding GST) • Project awarded by NHAI for Construction of New Double Tier 4-lane Elevated Corridor from Chennai Port t
Slide 14: Order Book Analysis
Order Book Analysis Segment Wise Break-up (%) Geographical Break-up (%) FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Karnataka Civil & others 1% Healthy Order Book of ₹ 16,774 cr 5% Gujarat Metro - Water Underground 3% 7% 13% NCR Uttar 10% Pradesh 3% Metro - Elevated 16% Roads & Road Tunnels 25% Maha
Slide 15: Company Overview
We dream… So we achieve… Company Overview
Slide 16: About J. Kumar Infraprojects
About J. Kumar Infraprojects 1999 PAN India Flyovers & Metro Quality 35+ Ongoing 7,300* FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Presence Bridges Projects Execution Projects Incorporated to Established Constructed Amongst few Currently Strong undertake Delivering Quality presence in states of mos
Slide 17: Our Offerings
Our Offerings FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Metro Elevated Corridors Roads & Road Civil & Others Water / Flyover Tunnels • Metro Underground • Elevated Corridors • Hospital / Medical • Sewage Treatment • Roads • Metro Elevated • Flyovers Colleges Plants • Highways • Metro Elevated • Ri
Slide 18: Our Growth Story
Our Growth Story Highest ever contracts awarded 2024 worth ₹ 8,061 crores in FY 24 till FOCUSED ON INNOVATION…DELIVERING EXCELLENCE date. Revenue crossed ₹ 4,200 cr 2023 Awarded contracts worth ₹ 2,652 cr Revenue crossed ₹ 3,500 cr 2022 Awarded contracts worth ₹ 3,685 cr Awarded contracts worth ₹ 4,
Slide 19: Vision 2027 – Billion $ Company
We dream… So we achieve… Vision 2027 – Billion $ Company
Slide 20: India – A Shining Spot
India – A Shining Spot FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Capital Outlay Metro 01 ₹ 10 lakh crore (US$ 130.57 ₹ 19,518 crores 02 billion) to enhance the allocation for Metro infrastructure sector Projects National Highways Union Housing Sector 06 Allocated ₹ 1.34 lakh Budget ₹ 0.77 lakh cro
Slide 21: Towards a Billion $ Revenue Company
Towards a Billion $ Revenue Company Growth Envisaged in ₹ 16,744 cr ₹ 25,000+ cr VISION FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Order Book Order book as on 2027 Dec 31, 2023 Expected Order Book in FY27 • Metro Projects • Flyover, Bridges & Roads Metro projects to be • STP, Sewerage & Water the m
Slide 22: Strengthening Business Organisation & Governance
Strengthening Business Organisation & Governance Strengthening the Business Building the Organisation Reinforcing Governance FOCUSED ON INNOVATION…DELIVERING EXCELLENCE • Larger Complex projects • Individual Profit Centers • Reconstituted the Board by • Segment Diversification • Centralised Planning
Slide 23: Key Strengths
Key Strengths Bidding Eligibility Larger Project Execution Timely Completion FOCUSED ON INNOVATION…DELIVERING EXCELLENCE • Built Bidding capacity for larger projects • Undertaking & Execution of • Impeccable Track record of • Amongst Top 5 EPC players eligible to Large & complex projects completing
Slide 24: Business Overview
We dream… So we achieve… Business Overview
Slide 25: Major Completed Projects
Major Completed Projects FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Mumbai Metro Line 2A Mumbai Metro Line 7 Delhi Underground Metro Delhi Elevated Metro Ahmedabad Metro ESIC Hospital Cum Medical College- Alwar 24 We dream… So we achieve…
Slide 26: Major Completed Projects
Major Completed Projects FOCUSED ON INNOVATION…DELIVERING EXCELLENCE JNPT - Mumbai Panjarapol Flyover Grant road Skywalk Amar Mahal Flyover Chheda Nagar Flyover Part 1 BKC- Chunabhatti Flyover 25 We dream… So we achieve…
Slide 27: Major Ongoing Projects
Major Ongoing Projects FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Mumbai Underground Metro Line 3 Mumbai Metro Line 9 Pune Elevated Metro Mumbai Metro Line 4A Mumbai Metro Line 6 Pune Underground Metro 26 26 We dream… So we achieve…
Slide 28: Major Ongoing Projects
Major Ongoing Projects FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Chhedanagar Flyover Motagaon Creek Bridge Dwarka Expressway Kalwa Bridge Thane SCLR Flyover Sewri Worli Elevated 27 27 We dream… So we achieve…
Slide 29: Major Ongoing Projects
Major Ongoing Projects FOCUSED ON INNOVATION…DELIVERING EXCELLENCE RML, Lucknow Vadodara Mumbai Expressway, IRCON Pune Riverfront Airoli Flyover Delhi Metro Dwarka Expressway 28 28 We dream… So we achieve…
Slide 30: Fleet of Modern Equipment
TBM Machine Dumper / Tipper Launching Girder Piling Machine RMC Plant Bitumen Plant Fleet of Modern Equipment We dream… So we achieve… Casting Yard Segment Rolling Straddle Carrier 29 FOCUSED ON INNOVATION…DELIVERING EXCELLENCE
Slide 31: Prestigious Client & Vendors
FLYOVER & METRO & VENDORS BRIDGES & ROADS RAILWAYS & CIVIL Prestigious Client & Vendors We dream… So we achieve… 30 FOCUSED ON INNOVATION…DELIVERING EXCELLENCE
Slide 32: Management Overview
We dream… So we achieve… Dwarka Expressway Underpass Management Overview
Slide 33: Experienced & Visionary Leadership
Experienced & Visionary Leadership FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Mr Kamal J Gupta Mr Jagdish Kumar Gupta Dr Nalin J Gupta Managing Director Executive Chairman Managing Director ➢ Bachelor in Civil Engineering, joined ➢ Commerce Graduate & Member ➢ 50+ years of experience in JKIL in 199
Slide 34: Independent Directors
Independent Directors Mr. Raghav Chandra Mr. Sidharath Kapoor Ms. Archana S. Yadav FOCUSED ON INNOVATION…DELIVERING EXCELLENCE • Masters in Public • Chartered Accountant Administration from Harvad (rank holder), CS and • Chartered Accountant University, USA. He is MSc. in GAMP from ISB. with over 15
Slide 35: Strong Focused Management Team
Strong Focused Management Team Shaibal Roy Mayank Kumar Jain Madan Biyani FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Head Transportation- Ex Vice President - Projects Chief Financial Officer Projects Eapen John K.K. Pathak Rajendra Sharma General Manager - IT Head QA QC Head - CPMG Arvind Gupta Poo
Slide 36: Historical Financials
We dream… So we achieve… Historical Financials
Slide 37: Profit & Loss
Profit & Loss Particulars (₹ In Cr) FY17 FY18 FY19 FY20 FY21 FY22 FY23 CAGR Revenue from Operations 1,604 2,051 2,787 2,971 2,571 3,527 4,203 17% FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Cost of Material Consumed 966 1,209 1,720 1,817 1,612 2,268 2,784 Construction Expenses 418 457 Employee Expen
Slide 38: Balance Sheet
Balance Sheet As at As at As at As at As at As at Particulars (₹ in Cr) Particulars (₹ in Cr) Sep 2023 Mar 2023 Mar 2022 Sep 2023 Mar 2023 Mar 2022 ASSETS EQUITY AND LIABILITIES FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Non-Current Assets Equity Property, plant and equipment 938 925 790 Equity Sha
Slide 39: Cash Flows
Cash Flows Particulars (₹ In Cr) H1 FY24 FY 23 FY 22 FOCUSED ON INNOVATION…DELIVERING EXCELLENCE PBT 196 374 283 Adjustments 128 224 226 Operating profit before working capital changes 324 598 509 Changes in working capital (290) (323) (65) Cash generated from operations 34 275 444 Direct taxes paid
Slide 40: Key Financial Indicators
Key Financial Indicators Revenue from Operations ₹ Cr EBITDA ₹ Cr FOCUSED ON INNOVATION…DELIVERING EXCELLENCE PAT ₹ Cr Cash PAT ₹ Cr 39 We dream… So we achieve…
Slide 41: Revenue – Key Contributors
Revenue – Key Contributors METRO - UNDERGROUND (₹ cr) FOCUSED ON INNOVATION…DELIVERING EXCELLENCE METRO - ELEVATED (₹ cr) 40 We dream… So we achieve…
Slide 42: Revenue – Key Contributors
Revenue – Key Contributors FOCUSED ON INNOVATION…DELIVERING EXCELLENCE FLYOVER & BRIDGES (₹ cr) ROADS & TUNNELS (₹ cr) CIVIL & OTHERS (₹ cr) 41 We dream… So we achieve…
Slide 43: Strong Financial Metrics
Strong Financial Metrics Asset Turnover Ratio Working Capital Days FOCUSED ON INNOVATION…DELIVERING EXCELLENCE ROE ROCE 42 We dream… So we achieve…
Slide 44: Order Book as on March 31, 2023
Order Book as on March 31, 2023 Order Book (₹ crores) Order Inflow (₹ crores) FOCUSED ON INNOVATION…DELIVERING EXCELLENCE Order Book to Sales (x) 43 We dream… So we achieve…
Slide 45: Thank You
We dream… So we achieve… J. Kumar Infraprojects Ltd. Artist’s image of unique cable stayed bridge design crossing Marathon Capital Advisory Pvt. Ltd. Madan Biyani over Vakola flyover .. part of ongoing SCLR project in Mumbai Rahul Porwal - rahul@marathoncapital.in Chief Financial Officer Amit Porwal