Pnc Infratech Ltd · NSE:PNCINFRA
Pnc Infratech — H1 FY2023 Earnings Presentation
33 slides from Pnc Infratech's earnings presentation, November 2022
Slide 1: Result Update Presentation Q2 & H1 FY23
STRONG PIPELINE SWIFT EXECUTION STEADY GROWTH for a better tomorrow... PNC INFRATECH LIMITED Result Update Presentation Q2 & H1 FY23
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by PNC Infratech 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 securit
Slide 3: Key Highlights & Financials
Key Highlights & Financials PNC Infratech Limited
Slide 4: Key Highlights for Q2 FY23
Key Highlights for Q2 FY23 __% 47% 79% Revenue Rs. 20,000 EBITDA PAT ▪ Revenue of Rs. 1,561 crore ▪ EBITDA of Rs. 207 crore ▪ PAT of Rs. 131 crore ▪ EBITDA Margin of 13.3% ▪ PAT Margin of 8.4% 68 Days Standalone Financials PNC Infratech Limited 4
Slide 5: Key Highlights for H1 FY23
Key Highlights for H1 FY23 41% +16% 30% 79 days 47% Revenue PAT Net Working Capital Revenue of Rs. 3,319 crore +17% 79% ▪ PAT of Rs. 298 crore in Rs. 19,000 Net Working Capital of 79 in H1FY23 as compared to H1FY23 compared to Rs. 229 crore in H1FY22 crores days as on 30th September Rs. 2,866 crore
Slide 6: Key Highlights for H1 FY23
Key Highlights for H1 FY23 Revenue (Rs. crore) EBITDA (Rs. crore) PAT (Rs. crore) +17% +30% +16% 465 298 3,319 2,866 397 229 H1FY22 H1FY23 H1FY22 H1FY23 H1FY22 H1FY23 Standalone Financials PNC Infratech Limited 6
Slide 7: Order Book Details
Order Book Details PNC Infratech Limited
Slide 8: Robust Order Book over Rs. 19,000 crores
Robust Order Book over Rs. 19,000 crores Remaining Key EPC Projects Under Awarding ◼ Remaining value of contracts under execution of over Rs. 19,000 crore as on Value Construction Authority (Rs. Crores) 30th September 2022. Unnao-Lalganj NHAI 763 ◼ The below orders are included in order book as on 3
Slide 9: Portfolio of Development Projects on PPP Mode
Portfolio of Development Projects on PPP Mode PNC Infratech Limited
Slide 10: Sizeable Project Portfolio: Operational Projects
Sizeable Project Portfolio: Operational Projects PNC Share of Invested Debt as on 30th % JV Kms / TPC Invested Grant Total Debt Project Authority State / Stretch Type Equity Sep ‘22 Stake Partners Lanes (Rs. Crs) Amount (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) (Rs. Crs) Kanpur Kabrai 100% NHAI UP / N
Slide 11: Sizeable Project Portfolio: HAM Projects
Sizeable Project Portfolio: HAM Projects Debt / Bond as Invested PNC Share of % TPC Total Debt on 30th Project Authority State / Stretch Kms / Lanes Status Equity Invested Amount Stake (Rs. Crs) (Rs. Crs) September 22 (Rs. Crs) (Rs. Crs) (Rs. Crs) Dausa-Lalsot 100% NHAI Raj/ NH11A 83.45/ 4/2 COD 820
Slide 12: Annexure – I Summary Financials
Annexure – I Summary Financials PNC Infratech Limited
Slide 13: Standalone Profitability Statement – Q2 & H1 FY23
Standalone Profitability Statement – Q2 & H1 FY23 Rs. Crores Q2 FY23 Q2 FY22 H1 FY23 H1 FY22 REVENUE 1,561.09 1,615.02 3,319.22 2,866.20 EBITDA 207.03 221.62 464.81 397.06 EBITDA margin 13.3% 13.7% 14.0% 13.9% Other Income 10.49 17.43 17.99 35.19 Depreciation 27.43 32.80 54.35 64.29 Financial Expens
Slide 14: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. Crores) Sep-22 Mar-22 EQUITY AND LIABILITIES (Rs. Crores) Sep-22 Mar-22 (1) NON-CURRENT ASSETS EQUITY (a) Property, plant & equipment 536.86 573.73 (a) Equity Share capital 51.31 51.31 (b) Right to Use Assets 11.31 13.83 (b) Other equity 3,572.06 3,288.91 (c) Int
Slide 15: Net Working Capital Days - Standalone
Net Working Capital Days - Standalone 97 77 79 73 74 60 62 57 54 51 Mar/19 Mar/20 Mar/21 Mar/22 Sep/22 Debtors Net Working Capital PNC Infratech Limited 15
Slide 16: Consolidated Profitability Statement – Q2 & H1 FY23
Consolidated Profitability Statement – Q2 & H1 FY23 Rs. Crores Q2 FY23 Q2 FY22 H1 FY23 H1 FY22 REVENUE 1,795.07 1,797.69 3,847.95 3,260.20 EBITDA 326.41 366.17 844.71 728.73 EBITDA margin 18.2% 20.4% 22.0% 22.4% Other Income 24.09 27.78 37.35 50.09 Depreciation 47.88 96.59 152.10 195.12 Interest 108
Slide 17: Segmental Revenue Break-up
Segmental Revenue Break-up 360.70 Q2 FY22 Q2 FY23 20% 203.70 11% 1,593.99 1,434.37 89% 80% EPC EPC Toll/Annuity Toll/Annuity H1 FY22 H1 FY23 757.89 413.68 20% 13% 2,846.52 3,090.05 87% 80% EPC Toll/Annuity EPC Toll/Annuity PNC Infratech Limited 17
Slide 18: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Crores) Sep-22 Mar-22 EQUITY AND LIABILITIES (Rs. Crores) Sep-22 Mar-22 (1) NON-CURRENT ASSETS EQUITY (a) Property, plant & equipment 540.44 577.22 (a) Equity Share capital 51.31 51.31 (b) Other equity 3,935.12 3,576.78 (b) Right to Use Assets 11.31 13.83 Equit
Slide 19: Cashflow Statement
Cashflow Statement Standalone Consolidated Rs. Crores Half Year ended 30-Sep-22 Half Year ended 30-Sep-21 Half Year ended 30-Sep-22 Full Year ended 30-Sep-21 Profit before tax 395.52 325.63 514.74 373.04 Adjustments 89.24 93.75 341.95 358.57 Operating Cash flow Before Working Capital Changes 484.76
Slide 20: Annexure – II Company Overview
Annexure – II Company Overview PNC Infratech Limited
Slide 21: Introduction
Introduction Established track record of timely/early completion of projects • Infrastructure construction, development, and management company; expertise in the execution of projects including highways, bridges, flyovers, airport runways, industrial areas, and transmission lines • Executed 78 major
Slide 22: Business Overview
Business Overview Water Supply & Irrigation Roads & Highways EPC Working on EPC projects in Water Supply sector and Completed 54 infrastructure road projects on EPC basis Irrigation Projects Business Model Industrial Area Development Innovation Roads & Highways BOT / OMT/ HAM Operating 5 BOT & 2 OMT
Slide 23: Corporate Structure
Corporate Structure PNC Infra Holdings Limited (“PNCIHL”) BOT Holdco for road and other infra projects PNC Unnao Highways Private Limited (“PNCUHPL”) 4 Laning of Unnao-Lalgani section of NH 232 A on HAM PNC Bareilly Nainital Highways Private Limited (“PNCBNHPL”) 4 laning of the Bareilly-Almora sec
Slide 24: Integrated Business Model
Integrated Business Model Equipment Bank Own Quarries / Raw Material Sourcing ▪ Ownership of a fleet of modern equipment enables quick mobilization besides ensuring ▪ Own / Leasing of Quarries helps in securing of continuous availability of critical equipment raw material and project completion with
Slide 25: Enhanced Execution Capability
Enhanced Execution Capability Strong Credit Rating ▪ Long term bank facilities “CARE AA (Double A)” ▪ Short term bank facilities “CARE A1+ (A One plus)” ▪ “Stable” outlook Working Capital Limits Enhanced Execution ▪ Fund Based Limits of Rs. 1,000 crores which will enable us to execute projects witho
Slide 26: Enhanced to Augment and upgrade the execution
Enhanced to Augment and upgrade the execution Rs. Crores 1,267 1,273 1,280 1,094 1,016 FY19 FY20 FY21 FY22 Sep-22 Present Capex will enable us to achieve a Turnover of Rs. 8,000-9,000 crores PNC Infratech Limited 26
Slide 27: Strengthening of in-house execution team
Strengthening of in-house execution team No. of Employees 10,187 9,599 9,614 8,371 8,334 FY19 FY20 FY21 FY22 Sep-22 Strengthening of In-house execution team with induction of engineers with strong technical knowledge PNC Infratech Limited 27
Slide 28: Strong Credit Rating
Strong Credit Rating Upgraded Assigned Reaffirmed ◼ PNC Raebareli Highways Private Limited. ◼ PNC Meerut Haridwar Highways Pvt. Ltd. ◼ MP Highways Private Limited. ✓ Long term bank facilities (Senior debt) at CARE AA+; ✓ Long term bank facilities at CARE A; Stable (Single A; ✓ CARE A; Stable (Single
Slide 29: Experienced Promoters
Experienced Promoters Mr. Pradeep Kumar Jain Mr. Naveen Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Chairman & Managing Promoter Managing Director Managing Director Director ◼ Over 40 years of experience ◼ Over 31 years of experience ◼ Over 30 years of experience ◼ Over 25 years of expe
Slide 30: Board of Directors
Board of Directors Mr. Pradeep Kumar Jain Mr. Chakresh Kumar Jain Mr. Yogesh Kumar Jain Chairman & Managing Director Managing Director Managing Director Mr. Anil Kumar Rao Mr. Talluri Raghupati Rao Whole-time Director Wholetime Director Mr. Krishan Kumar Jalan (IAS) Mr. Gauri Shankar Mr. Subhash Cha
Slide 31: Clientele
Clientele PNC Infratech Limited 31
Slide 32: Growth Strategy
Growth Strategy Diversification Competitiveness ◼ Leveraging Strong Project Execution track record to ◼ Improve performance and diversify into new functional competitiveness of existing areas of infrastructure Strong Relationships business through Focused Approach development investments in technolo
Slide 33: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : PNC Infratech Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L45201DL1999PLC195937 CIN: U74140MH2010PTC204285 Mr. D. K. Maheshwari Mr. Jigar Kavaiya Vice President - Finance COO – IR Practice +91-9920602034 dkm@pncinfrate