Kalpataru Projects International Limited · NSE:KPIL
Kalpataru Projects International — Kalpataru Power Transmission — Q4 FY20 Earnings Presentation
22 slides from Kalpataru Projects International's earnings presentation, May 20, 2020
Slide 1: Covering letter to stock exchanges
KPTL/20-21 May 20, 2020 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department ‘Exchange Plaza’, C-1, Phiroze Jeejeebhoy Towers Block ‘G’, Bandra-Kurla Complex Dalal Street, Fort Bandra (E) MUMBAI - 400 001. MUMBAI – 400 051. Script Code: 522287 Script Code: KALPATPOWR L
Slide 2: Analyst Presentation – Q4 FY20 Results
Kalpataru Power Transmission Limited Analyst Presentation – Q4 FY20 Results
Slide 3: 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 4: Table of content
Table of content Business Update & Outlook 04 Business Update: Divestment of Assets 06 KPTL – 5 Year Performance 07 KPTL (Standalone) – Financial Highlights 09 KPTL Order Book Details 10 JMC – 5 Year Performance 12 JMC (Standalone) – Financial Highlights 13 JMC Order Book Details 14
Slide 5: Business Update & Outlook
Business Update & Outlook KPTL - Standalone COVID-19: Adverse impact in Q4FY20 Metric Guidance FY20 Actual Performance FY20 • Emergence of nation-wide lockdown from 3rd Revenue 15%-20% YoY Growth 11% YoY Growth week of March-20 arising from COVID19 EBITDA Margin In Range of 10.5%-11% 10.9% situation
Slide 6: Business Update: Divestment of Assets
Business Update: Divestment of Assets STRATEGY / PLANS – STATED AT START OF FY20 ACHIEVEMENT & UPDATE Deal signed with CLP India to sell 3 three T&D Assets • Plan to monetization all four transmission assets in order 1 (excluding Jhajjar KT Transco Private Ltd. -JKTPL) for TRANSMISSION ASSETS to fur
Slide 7: KPTL (Standalone) – Consistent Growth, Profitability and Focus on Debt Control
KPTL (Standalone) – Consistent Growth, Profitability and Focus on Debt Control (Amount in Rs Crores) Revenue and EBITDA Margin PBT and PBT Margin 10.9% 10.9% 10.9% 8.6% 8.8% 8.1% 8.0% 10.6% 6.7% 624 7,115 7,904 10.3% 499 642 5,779 403 5,011 4,409 296 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20
Slide 8: KPTL - Key Financial Highlights - Standalone
KPTL - Key Financial Highlights - Standalone Kalpataru Power Transmission Ltd. (KPTL) - Standalone Y-o-Y Change Revenue EBIDTA PBT PAT Revenue EBIDTA PBT PAT Q4 FY20 (Core) (Core) FY20 8% 5% 15% 22% 11% 11% 3% 15% (Rs Crores) (Rs Crores) Q4FY20 2,303 253 185 107 FY20 7,904 860 642 463 Q4FY19 2,491 2
Slide 9: KPTL - Financial Highlights (Standalone) – Q4FY20 & FY20
KPTL - Financial Highlights (Standalone) – Q4FY20 & FY20 (Amount in Rs Crores) Q4 FY19 Q4 FY20 Growth Particulars FY19 FY20 Growth 2,491 2,303 -8% Revenue 7,115 7,904 11% 266 253 -5% Core EBIDTA (excl. other income) 778 860 11% 32 46 44% Finance Cost 119 166 39% 218 185 -15% PBT 624 642 3% 137 107 -
Slide 10: KPTL - Order Book Profile – FY20
KPTL - Order Book Profile* – FY20 Order Inflow FY20: Rs 6,523 Crs (Q4FY20: Rs 605 Crores) 21% 57% 23% 11% 43% 27% Order Book T&D Oil & Gas Railways 31 March 20: 19% Rs 13,288 Crs T&D - International Oil & Gas Railways T&D - Domestic Received New Orders of Rs.909 Crores in FY21 till date; L1 of aroun
Slide 11: JMC (Standalone) – Strong Growth, Improved Profitability and Focus on Debt Management
JMC (Standalone) – Strong Growth, Improved Profitability and Focus on Debt Managment (Amount in Rs Crores) Revenue and EBITDA Margin PBT and PBT Margin 10.3% 10.4% 11.1% 5.8% 5.3% 8.9% 9.1% 5.3% 3,713 3,253 3.6% 189 196 2,756 2.7% 2,328 145 2,401 66 84 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY
Slide 12: JMC - Key Financial Highlights - Standalone
JMC - Key Financial Highlights - Standalone JMC Projects Ltd. (JMC) - Standalone Y-o-Y Change Revenue EBIDTA PBT PAT Revenue EBIDTA PBT PAT Q4 FY20 (Core) (Core) FY20 0.1% 9% 25% -171% 14% 22% 4% 44% (Rs Crores) (Rs Crores) Q4FY20 939 106 48 (34) FY20 3,713 411 196 79 Q4FY19 937 97 64 49 FY19 3,253
Slide 13: JMC - Financial Highlights (Standalone) – Q4FY20 & FY20
JMC - Financial Highlights (Standalone) – Q4FY20 & FY20 (Amount in Rs Crores) Q4 FY19 Q4 FY20 Growth Particulars FY19 FY20 Growth 937 939 - Revenue 3,253 3,713 14% 97 106 9% Core EBIDTA (excl. other income) 337 411 22% 22 34 57% Finance Cost 95 125 32% 64 48 -25% PBT 189 196 4% 49 (34) -171% PAT 142
Slide 14: JMC - Order Book Profile – FY20
JMC - Order Book Profile – FY20 Order Inflow FY20: Rs 3,364 Crs 16% 84% 8% 34% B&F Infrastructure 5% 53% Order Book 31 March 20: Rs 9,546 Crs B&F - Govt B&F - Private Industrial Infrastructure Received New Order of Rs.1,131 Crs in FY21 till date; L1 of around Rs 1,800 Crs 13
Slide 15: KPTL - Key Financial Highlights - Consolidated
KPTL - Key Financial Highlights - Consolidated Kalpataru Power Transmission Ltd. (KPTL) - Consolidated Y-o-Y Change Revenue EBITDA PBT PAT Revenue EBITDA PBT PAT Q4 FY20 (Core) (Core) FY20 0.1% 7% 38% 92% 17% 16% 5% 20% (Rs Crores) (Rs Crores) Q4FY20 3,527 386 167 13 FY20 12,676 1,540 723 390 Q4FY19
Slide 16: KPTL - Financial Highlights (Consolidated) – Q4FY20 & FY20
KPTL - Financial Highlights (Consolidated) – Q4FY20 & FY20 (Amount in Rs Crores) Q4 FY19 Q4 FY20 Growth Particulars FY19 FY20 Growth 3,524 3,527 0.1% Revenue 10,840 12,676 17% 413 386 -7% Core EBIDTA (excl. other income) 1,329 1,540 16% 56 94 68% Depreciation 211 340 61% 101 138 37% Finance Cost 401
Slide 17: JMC - Financial Highlights (Consolidated) – Q4FY20 & FY20
JMC - Financial Highlights (Consolidated) – Q4FY20 & FY20 (Amount in Rs Crores) Q4 FY19 Q4 FY20 Growth Particulars FY19 FY20 Growth 980 976 0% Revenue 3,407 3,866 13% 123 128 5% Core EBIDTA (excl. other income) 430 500 16% 27 44 63% Depreciation 110 155 41% 54 66 21% Finance Cost 231 261 13% 49 27 -
Slide 18: Break-up of KPTL Consolidated Financials – Q4FY20 and FY20
Break-up of KPTL Consolidated Financials – Q4FY20 and FY20 (Amount in Rs Crores) Q4 FY20 FY20 Developmental Developmental EPC Assets EPC Assets (BOOT/BOOM) (BOOT/BOOM) Particulars TOTAL TOTAL Others* Others* KPTL JMC T&D Roads KPTL JMC T&D Roads Revenue 2,303 939 28 37 219 3,527 7,904 3,713 107 153
Slide 19: Order Book Profile – Consolidated – Mar 2020
Order Book Profile – Consolidated – 31 Mar 2020 Order Inflow FY20: Rs 9,887 Crs Order Book 31 Mar 20: Rs 22,834 Crs 2% 5% 14% 15% 32% 37% 11% 14% 16% 25% 29% T&D B&F Railways Oil & Gas Civil Infra T&D B&F Railways Oil & Gas Civil Infra Industrial Order Inflow: DOMESTIC 72% Q4FY20 : Rs. 605 Crores IN
Slide 20: JMC - Update on Road BOT Assets – Q4FY20
JMC - Update on Road BOT Assets – Q4FY20 Average Per Day Collections (Rs Lakhs) – JMC Share Kurukshetra Brij Bhoomi Wainganga Vindhyachal Period Expressway Pvt Expressway Pvt Expressway Pvt Expressway Pvt Total Ltd.* Ltd. Ltd. Ltd. Q1FY18 12.9 7.7 14 14.2 48.8 Q2FY18 11.9 7.1 12.5 12.7 44.2 Q3FY18 1
Slide 21: SSL - Financial Highlights – Q4FY20 and FY20
SSL - Financial Highlights – Q4FY20 and FY20 (Amount in Rs Crores) Q4 FY19 Q4 FY20 Growth Particulars FY19 FY20 Growth 25.9 37.0 43% Revenue 123.5 132.2 7% 2.9 12.5 331% Core EBIDTA (excl. other income) 36.4 43.8 20% 10.3 6.7 -35% Finance Cost 41.3 39.2 -5% (8.4) 1.7 - PBT (10.7) (5.6) - (12.7) 0.6
Slide 22: Thank You
Thank You Contact Registered: Plot No. 101, Part-III, GIDC Estate, Sector -28, Gandhinagar-382028, Gujarat, India. Corporate Office: 7th Floor, Kalpataru Synergy, Opp. Grand Hyatt, Vakola, Santacruz (E), Mumbai 400055. India Phone: +91 22 3064 3000 Email: investorrelations@kalpatarupower.com
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