Kec International Ltd. · NSE:KEC
Kec International — Q4 FY24 Earnings Presentation
28 slides from Kec International's earnings presentation, May 8, 2024
Slide 1: Cover letter to stock exchanges
KEC INTERNATIONAL LTD. RPG House 463, Dr. Annie Besant Road Worli, Mumbai 400030, India +91 22 66670200 kecindia@kecrpg.com www.kecrpg.com May 07, 2024 National Stock Exchange of India Limited BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Fort Bandra (East),
Slide 2: Financial Performance for Quarter & Year Ended 31 March 2024
KEC INTERNATIONAL LTD. RPG House 463, Dr. Annie Besant Road Worli, Mumbai 400030, India +91 22 66670200 kecindia@kecrpg.com www.kecrpg.com FINANCIAL PERFORMANCE FOR QUARTER & YEAR ENDED 31 MARCH 2024 KEC delivers all time high Revenues - Grows by 12% in Q4 and 15% in FY24 PBT and PAT grows by two ti
Slide 3: Standalone Financial Performance
Standalone Financial Performance: Q4 FY24 v/s Q4 FY23 FY24 v/s FY23* Revenue: Rs. 5,302 crore against Rs. 4,961 crore Revenue: Rs. 17,383 crore against Rs. 15,413 crore EBITDA: Rs. 284 crore against Rs. 206 crore EBITDA: Rs. 848 crore against Rs. 850 crore EBITDA Margin (Y-o-Y): 5.4% against 4.2% EB
Slide 4: CEO commentary and About KEC International
Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We have delivered a good performance for the year with highest ever Revenues, substantial growth in Profitability, key order wins and significant improvement in working capital. The strong Revenue growth has been delivered by stellar p
Slide 5: KEC International Limited – Q4 FY24 May 2024
KEC International Limited Investor Presentation – Q4 FY24 7 May 2024 Power T & D Civil Railways Oil & Gas Pipelines Solar Cables
Slide 6: Disclaimer
Disclaimer This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures,
Slide 7: Overview – RPG Group & KEC International
1 Overview – RPG Group & KEC International Commissioned the prestigious Warora Kurnool Transmission Line (WKTL) project of 878 km during the year One of the most challenging projects, spanning across three states of Telangana, Andhra Pradesh and Maharashtra 3
Slide 8: RPG Group: Powered by Passion, Driven by Ethics
RPG Group: Powered by Passion, Driven by Ethics UNLEASHTALENT RPG Enterprises was founded in 1979. The group currently operates various businesses in Infrastructure, Technology, Life Sciences, Plantations and Tyre industries. The group has business history dating back to TOUCHLIVES 1820 AD in bankin
Slide 9: KEC International: Building Infrastructure for the World of Tomorrow
KEC International : Building Infrastructure for the World of Tomorrow Transmission Oil & Gas Railways Civil Urban Infra Solar Cables & Distribution Pipelines 7+ FOOTPRINT IN 110+ 300+ $2.4 8 7500+ 35+ DECADES BILLION ONGOING MANUFACTURING OF EXPERIENCE COUNTRIES FACILITIES EMPLOYEES NATIONALITIES &
Slide 10: Diverse Portfolio of Offerings
Diverse Portfolio of Offerings Newly Added Transmission Lines Factories Underground Cabling Water Airports Hospitals Substations Residential Buildings S&T Metros – Civil Metros - Tech Commercial Buildings OHE Track Laying Railway Bridges Data Centre TCAS - Kavach Automatic Signalling Solar Tunnel Ve
Slide 11: Board of Directors
Board of Directors H. V. Goenka Chairman, Non Executive Director Vimal Kejriwal D. G.Piramal S. M. Trehan Nirupama Rao Vikram Gandhi Managing Director Non Executive Non Executive Non Executive Non Executive & CEO Independent Director Independent Director Independent Director Independent Director M.S
Slide 12: Management Team
Management Team Vimal Kejriwal Managing Director & CEO Rajeev Agarwal Milind Apte Anand Kulkarni Neeraj Nanda Ganesh Srinivasan Chief Financial Officer Chief Human Executive Director - President - President – Resources Officer Business Operations Emerging Business T&D Nagesh Veeturi Kaushal Kodesia
Slide 13: Key Performance Highlights
2 Key Performance Highlights Water Intake System at Bheden, Odisha Part of the ‘Jal Jeevan Mission’ - Water supply to various households across various villages 9
Slide 14: Financial Highlights Q4 & Full year FY24 – Growth Across Parameters
Financial Highlights Q4 & Full year FY24 – Growth Across Parameters Q4 FY24 vs Q4 FY23 Revenues EBITDA PBT PAT 12% 37% 125% 110% YoY YoY YoY YoY % 6.3% % 3.1% % 2.5% 6,165 Cr 388 Cr 193 Cr 152 Cr FY24 vs FY23 Revenues EBITDA PBT PAT 15% 46% 165% 97% YoY YoY YoY YoY % 6.1% % 2.1% % 1.7% 19,914 Cr 1,2
Slide 15: Improving Trajectory of Margins
Improving Trajectory of Margins EBITDA EBITDA % 6.3% 6.1% 6.2% 5.8% 5.1% 4.6% 4.4% 388 283 308 274 244 178 200 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 • EBITDA Margins continue to show an improvement over the last six quarters • EBITDA Margins for Q4 have increased by 120 basis point
Slide 16: Key Business Highlights – FY24
Key Business Highlights – FY24 T&D Civil Railways • Revenues of Rs. 10,456 Cr, robust growth of • Revenues of Rs. 4,370 Cr, a healthy growth of 21% YoY • Revenues of Rs. 3,115 Cr for the year 32% YoY • SAE delivered turnaround performance with • Selective bidding considering the current • Order inta
Slide 17: Financial Performance
3 Financial Performance KEC recently commissioned the 230 kV Ban Khai substation in Thailand 13
Slide 18: Profit and Loss Summary (Consolidated)
Profit and Loss Summary (Consolidated) (₹ crore) Growth Growth Q4 FY24 Q4 FY23 FY24 FY23 (Y-o-Y) (Y-o-Y) Revenues 6,165 5,525 12% 19,914 17,282 15% EBITDA 388 283 37% 1,215 830 46% EBITDA Margins 6.3% 5.1% 6.1% 4.8% (+) Other Income 8 6 52 31 (-) Depreciation 48 42 185 161 (-) Interest 154 162 -5% 6
Slide 19: Profit and Loss Summary (Standalone)
Profit and Loss Summary (Standalone) Growth Growth (₹ crore) Q4 FY24 Q4 FY23 FY24 FY23 (Y-o-Y) (Y-o-Y) Revenues 5,302 4,961 7% 17,383 15,413 13% EBITDA 284 206 38% 848 850 0% EBITDA Margins 5.4% 4.2% 4.9% 5.5% (+) Other Income 12 8 62 37 (-) Depreciation 39 32 146 127 (-) Interest 136 135 1% 573 434
Slide 20: Businesswise Revenue Performance (Consolidated)
Businesswise Revenue Performance (Consolidated) Growth Growth (₹ crore) Particulars Q4 FY24 Q4 FY23 FY24 FY23 (Y-o-Y) (Y-o-Y) T&D: 3,384 2,730 24% 10,456 8,654 21% - T&D (KEC) 2,918 2,338 25% 9,008 7,330 23% - SAE Towers 466 393 19% 1,447 1,324 9% Non T&D: 3,020 3,007 0% 10,200 9,272 10% - Civil 1,2
Slide 21: Borrowings & Working Capital (Consolidated)
Borrowings & Working Capital (Consolidated) (₹ crore) Increase/ Increase/ Increase/ Particulars 31-Mar-24 31-Dec-23 30-Sep-23 31-Mar-23 (Decrease) (Decrease) (Decrease) I) Net Debt 3,553 4,445 -893 4,491 -938 2,872 681 II) Interest Bearing Acceptances 1,537 1,600 -63 1,848 -311 2,113 -576 Total (I +
Slide 22: Order Intake & Order Book (Consolidated)
Order Intake & Order Book (Consolidated) Order Intake – FY24 Order Book – 31 Mar’24 T&D : 56% SAE : 5% T&D: 46% SAE : 3% 8% 1%1% 2% 2% 2% 6% 11% Order Intake Order Book Rs 18,102 Cr. Rs 29,644 Cr. 49% 23% 61% 34% T&D Civil Railways Cables Oil & Gas Others * T&D Civil Railways Cables Oil & Gas Others
Slide 23: Business Outlook
Business Outlook TAILWINDS HEADWINDS Government’s focus on infrastructure to continue post elections Sustained high interest rates GCC capex momentum sustains Continued geo-political unrests Green shoots in private capex Red Sea issue impacting logistics Substantial opportunities in So
Slide 24: Environmental, Social and Governance (ESG)
4 Environmental, Social and Governance (ESG) Solar plant installed at Brazil Plant
Slide 25: Key Highlights – ESG & Sustainability
Key Highlights – ESG & Sustainability Significant improvement across all nine Sustainability goals resulting in ESG Rating improvement Expanded deployment of ESG initiatives across 100+ project sites in addition to factories Investment in Solar Rooftop plants – Electricity consumption from Sol
Slide 26: ESG & Sustainability Goals and Status
ESG & Sustainability Goals and Status Happiness Diversity & Occupational Corporate Social Quotient Inclusion Heath & Safety Responsibility Target: Increase Happiness Target: Increase in diversity by Target: Work towards the Target: Reach 2 lac CSR Quotient to 85% by FY26 25% by FY26 goal of achievin
Slide 27: Sustainability Roadmap – Key Initiatives and Approach
Sustainability Roadmap – Key Initiatives and Approach • Regular employee skilling programs through external • Automated Design & Engineering with Digital trainers and knowledge sharing sessions by internal Intervention - Reduction in material consumption Happiness SMEs Circularity and wastage Quotie
Slide 28: Thank You
THANK YOU Global Footprint in 110+ countries* *Includes EPC and Supply Follow us on: Registered Office RPG House, 463, Dr. Annie Besant Road, Worli, Mumbai - 400 030. Phone: +91-22-6667 0200 Email: kecindia@kecrpg.com www.kecrpg.com