Knr Constructions Limited · NSE:KNRCON
Knr Constructions — Investor Presentation (February 2022)
44 slides from Knr Constructions's investor presentation, Feb 14, 2022
Slide 1: Exchange cover letter: Investor Presentation
KNR Constructions Limited. Date: 14th February 2022 Ref: KNRCL/SD/2022/389& 390 To, To, The Manager The Manager, BSE Limited, National Stock Exchange of India Limited, P J Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Fort, Mumbai – 400001 Bandra (E), Mumbai – 400051. Scrip code: 53294
Slide 2: KNR Constructions Limited Investors Presentation February 2022
ALIGNED TO THE NATION’S INTEREST KNR CONSTRUCTIONS LIMITED Investors Presentation February 2022
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by KNR Constructions 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 secu
Slide 4: Key Highlights & Result Update
Key Highlights & Result Update
Slide 5: Quarterly Key Highlights
Quarterly Key Highlights ❑ Financial Closure Achieved ✓ SPV (KNR Ramanattukara Infra Pvt Ltd.) achieved financial closure as on 6th November 2021 ✓ SPV (KNR Guruvayur Infra Pvt Ltd.) achieved financial closure as on 9th November 2021 ❑ Appointed Date ✓ Declared 23rd November 2021 as appointed date f
Slide 6: Financial Highlights
Financial Highlights Rs. Million Revenue EBITDA EBITDA Margins PAT +12% +17% +100 bps +30% 7,663 1,589 19.7% 20.7% 1,008 6,863 1,353 Quarter 3 776 Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22 Q3 FY21 Q3 FY22 Revenue EBITDA EBITDA Margins PAT Nine Months +28% +33% +80 bps +61% 22,619 4,697 20.0% 2
Slide 7: Standalone Financial Results
Standalone Financial Results Standalone Rs. Million Q3 FY22 Q3 FY21 YoY Q2 FY22 QoQ 9M FY22 9M FY21 YoY Total Revenue 7,663.0 6,862.7 12% 7,555.6 1% 22,618.5 17,668.4 28% Operating Expenses 5,048.5 4,197.4 4,869.5 14,922.4 11,287.0 Employees Expenses 342.5 402.4 360.6 1,038.0 972.6 Other Expenditure
Slide 8: Consolidated Financial Results
Consolidated Financial Results Consolidated Rs. Million Q3 FY22 Q3 FY21 YoY Q2 FY22 QoQ 9M FY22 9M FY21 YoY Total Revenue 8,546.4 7,347.1 16% 8,420.1 1% 25,037.3 19,131.2 31% Operating Expenses 5,088.1 4,224.8 5,036.3 15,171.1 11,355.0 Employees Expenses 344.0 403.8 361.9 1,042.3 981.8 Other Expendi
Slide 9: Standalone Net Working Capital Days
Standalone Net Working Capital Days 82 79 69 66 52 48 53 53 55 52 40 45 49 43 41 36 45 40 40 31 28 26 23 18 20 19 20 20 20 20 20 13 16 16 15 15 15 17 14 12 14 16 16 7 98 1066 45 64 51 74 53 39 45 40 78 117 86 74 55 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 J
Slide 10: Debt Profile
Debt Profile Standalone Consolidated Particulars (Rs. Million) Dec-21 Sep-21 Mar-21 Particulars (Rs. Million) Dec-21 Sep-21 Mar-21 Working Capital Loans 0 0 7 Standalone Gross Debt 0 1,000 7 Equipment Loans / Term Loans 0 1,000 0 Project Debt 13,735 12,608 7,216 Gross Standalone Debt 0 1,000 7 Gross
Slide 11: Business Overview
Business Overview
Slide 12: Business Overview
Business Overview ❑ One of the leading companies providing Engineering, Procurement and Construction (EPC) services ▪ Major Projects in Roads & Highways – one of the fast-growing sectors ▪ Established presence in Irrigation and Urban Water Infrastructure Management Vision ❑ 20+ years of experience o
Slide 13: Transformation
Transformation Bagged 1st BOT Project in Bagged an EPC Project worth Incorporated & Karnataka worth Rs. 4,420 mn; Bagged 2nd BOT project IPO & Listed on Rs. 9,371 mn for Madurai – 1995 Commenced EPC 2006 Entry into Urban water 2007 worth Rs.5,920mn in 2008 BSE and NSE 2013 Ramanathapuram Section of
Slide 14: Top Management
Top Management Mr. K. Narasimha Reddy – Mr. K. Jalandhar Reddy – Founder Promoter & Managing Director Promoter & Executive Director ▪ Over 50 years of experience in the Highway sector ▪ Over 25 years of experience in the Highway and ▪ Started career in 1968 and engaged in the business of infrastruct
Slide 15: Supported by Professional Team
Supported by Professional Team ▪ A Bachelor of Engineering (BE) from MITS Gwalior (MP) with Over 35 years of total experience with ~20 years of Mr. T.L. Verma experience in Highway sector (Sr. Vice President - Projects) ▪ Working with the company since 2006 on various projects i.e. Bridges and Highw
Slide 16: Key Business Strengths
Key Business Strengths
Slide 17: Project Execution Capabilities
1. Project Execution Capabilities ❑ Top management’s active involvement at all stages of Project execution ▪ Selection of Major Raw Material ▪ Selection of construction Camp location ❑ Faster Decision making to ensure project completion on schedule ❑ Received Bonus for completion of construction ahe
Slide 18: Pan India Project Execution Capability
Pan India Project Execution Capability* Sr. No. State No. of Projects Project Value (Rs. Mn) 1 Tamil Nadu 12 36,530 2 Karnataka 13 17,149 Arunachal Haryana Pradesh 3 Kerala 2 17,068 Assam 4 AP & Telangana 27 13,099 Uttar Pradesh 5 Madhya Pradesh 5 5,189 Gujarat 6 Uttar Pradesh 10 4,549 Madhya Prades
Slide 19: Project Execution Highlights
Project Execution Highlights Cement Concrete Road ▪ Completed Widening to 4/6 lanes and Strengthening of Existing two lane carriageway of NH – 5 in the State of Orissa for a length of 56.0 Kms with total contract value of work is Rs 2,310 mn ▪ Existing road was widened & strengthened with flexible p
Slide 20: In-house Construction Equipment
2. In-house Construction Equipment Sr. No. Machinery Quantity Sr. No. Machinery Quantity 1 Tippers & Tankers 1,251 15 Rollers 43 2 Excavators 373 16 Crushers 31 3 Generators 251 17 Dozers 28 4 Concrete Mixers And Pumps 172 18 Light Soures 26 5 Compactors 131 19 Trailers 27 6 Loaders 96 20 Transforme
Slide 21: In-house Execution Team
3. In-house Execution Team 5% Total Employees* Project Engineering 2,161 28% Site Supervision 40% Site Engineers 9% Equipment Operators Admin & Office Staff 18% IN-HOUSE TEAM OF QUALIFIED AND EXPERIENCED EMPLOYEES LED BY PROVEN MANAGEMENT TEAM * as on December 31, 2021 20
Slide 22: Host of Marque Clients
4. Host of Marque Clients National Andhra Pradesh Ministry of Hyderabad Karnataka Karnataka Road Highways Road Development Road Transport Growth State Highway Development Authority of Corporation & Highways Corridor Improvement Corporation India (NHAI) (APRDC) (MoRTH) Limited (HGCL) Project (KSHIP)
Slide 23: BOT Portfolio
BOT Portfolio
Slide 24: BOT Portfolio – Annuity Projects
BOT Portfolio – Annuity Projects Particulars Patel KNR Infrastructures limited (PKIL) Patel KNR Heavy Infrastructures Limited (PKHIL) Stake 40% 40% Project Details Project Type Road-Annuity Road-Annuity State Karnataka Telangana JV Partner PEL PEIL Client NHAI NHAI Length (KM) 60.0 53.0 Concession S
Slide 25: BOT Portfolio – Toll Project
BOT Portfolio – Toll Project Particulars KNR Muzaffarpur Barauni Tollway Private Limited Stake 51% Project Type Road-Toll Project Details State Bihar JV Partner JKM Infra Project Ltd Client NHAI No of Lanes Two Length(KM) 108 Concession Start Date 8th July 2012 Concession Period 21 Years Terms Sched
Slide 26: HAM Portfolio (1/2)
HAM Portfolio (1/2) Trichy to Chittor to Ramsanpalle to Magadi to Oddanchatram to Particulars Kallagam Mallavaram Mangloor Somwarpet Madathukulam KNR Srirangam Infra KNR Tirumala Infra KNR Shankarampet Projects KNR Somwarpet Infra KNR Palani Infra SPV Name Private Limited Private Limited Private Lim
Slide 27: HAM Portfolio (2/2)
HAM Portfolio (2/2) Particulars Ramanattukara to Valanchery Valanchery to Kappirikkad Chittor to Thatchur KNR Ramanattukara Infra Private SPV Name KNR Guruvayur Infra Private Limited KNR Ramagiri Infra Private Limited Limited Stake 100% 100% 100% Project Detail Project Type Hybrid Annuity Hybrid Ann
Slide 28: Divestment of SPVs
Divestment of 3 SPVs Total Equity Invested Total Consideration to be Consideration (Rs. Mn) Particulars (Rs. mn) received (Rs. mn) For 49% For 51% KNR Tirumala Infra Pvt Ltd* 1,368.1 (SPA Signed: 11th Feb’19) 1.616.8 1.19 times 1,929.8 561.7 KNR Shankarampet Projects Pvt Ltd* 1,085.1 376.6 (SPA Sign
Slide 29: Order Book & Business Strategy
Order Book & Business Strategy
Slide 30: Order-book Highlights
Order-book Highlights Key Projects Rs. Mn Order Book Break-up Ramanattukara to Valanchery bypass project (HAM) 17,450 42% Valanchery Bypass to Kappirikkad project (HAM) 15,950 43% 58% Bangalore-Mangalore Project (Periya Shanthi to Bntwal) 10% 9,829 5% (EPC) Elevated Highway along Avinashi Road in Co
Slide 31: Recently Won Projects
Recently Won Projects Rs. million 7,650 107,740 Rs. Million New Projects (Excluding GST) Six laning of Chittoor – Thatchur section (Package 3) in the state of Andhra Pradesh and Tamil Nadu on Hybrid Annuity Mode under 7,650* Bharatmala Pariyoiana 100,090 Total 7,650 Orderbook as on Not included in T
Slide 32: Orderbook Breakup- Rs. 1,07,740 Mn
Orderbook Breakup- Rs. 1,07,740 Mn Order Book Break-up 38% 47% 53% 10% 5% Captive (HAM Projects) State Govt. Central Govt. Others Segment Wise Split Region Wise Split Roads (Others) Irrigation 29% 24% South 100% Roads (HAM) 47% 31
Slide 33: Order-book: State-wise
Order-book: State-wise Karnataka No of Projects 6 Balance Value Rs. 15,885 mn AP & Telangana No of Projects 14 Kerala Balance Value Rs. 31,944 mn No of Projects 3 Balance Value Rs. 33,629 mn Tamil Nadu No of Projects 8 Balance Value Rs. 18,632 mn Disclaimer: Maps not to scale. All data, information,
Slide 34: Business Strategy
Business Strategy Focus on Projects involving Higher degree of engineering skills 03 Focus on securing EPC Continuously explores contracts from reputed growth opportunities by Clients and forming strategic Joint Concessionaire Ventures (JVs) 02 04 Capitalise on Opportunity Execute all the projects o
Slide 35: Financial Highlights
Financial Highlights
Slide 36: Standalone Financial Results
Standalone Financial Results Rs. Million H1 FY22 FY21 FY20 YoY Total Revenue 14,955.5 27,026.3 22,442.4 20% Operating Expenses 9,873.9 17,364.3 13,550.0 Employees Expenses 695.6 1,320.9 1,252.2 Other Expenditure 1,277.6 2,982.7 2,769.5 EBITDA 3,108.3 5,358.4 4,870.7 10% EBITDA margin 20.8% 19.8% 21.
Slide 37: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. Million) Sep-21 Mar-21 Mar-20 EQUITY & LIABILITIES (Rs. Million) Sep-21 Mar-21 Mar-20 Non-Current Assets Equity Property, plant and equipment 3,697.4 3,376.8 3,777.7 Equity Share capital 562.5 562.5 281.2 Capital work-in-progress 186.4 23.8 101.5 Other equity 19,
Slide 38: Consolidated Financial Results
Consolidated Financial Results Rs. Million H1 FY22 FY21 FY20 YoY Total Revenue 16,491.0 29,036.3 24,516.8 18% Operating Expenses 10,083.0 17,489.8 14,004.1 Employees Expenses 698.3 1,331.3 1,269.2 Other Expenditure 1,907.3 3,220.8 3,019.1 EBITDA 3,802.4 6,994.4 6,224.5 12% EBITDA margin 23.1% 24.1%
Slide 39: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Million) Sep-21 Mar-21 Mar-20 EQUITY & LIABILITIES (Rs. Million) Sep-21 Mar-21 Mar-20 Non-Current Assets Property, plant and equipment 3,722.8 3,403.3 3,809.8 Equity Capital work-in-progress 186.4 23.8 101.6 Equity Share capital 562.5 562.5 281.2 Right of Use A
Slide 40: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Particulars (Rs. Million) Half year ended Half year ended FY21 FY20 FY21 FY20 30-Sep-21 30-Sep-21 Net Profit Before Tax 2,521.9 3,811.3 2,936.8 2,653.7 5,197.9 3,244.7 Adjustments for: Non-Cash Items / Other Investment or 737.8 1,959.3 2,157.3 378.4 1,022.
Slide 41: Standalone Financial Highlights
Standalone Financial Highlights Financial Year 2010* 2011* 2012* 2013* 2014* 2015* 2016^ 2017^ 2018^ 2019^ 2020^ 2021^ Rs. 7,125 Rs. 7,930 Rs. 7,505 Rs. 6,921 Rs. 8,348 Rs. 8,761 Rs. 9,025 Rs. 15,411 Rs. 19,317 Rs.21,373 Rs. 22,442 Rs. 27,026 Turnover $118.6 $132.0 $125.0 $115.2 $139.0 $140.0 $136.1
Slide 42: Standalone Financial Highlights
Standalone Financial Highlights Revenue & EBITDA (Margin %) EBITDA 15.7% 17.1% 17.8% 16.8% 15.1% 14.4% 16.9% 14.9% 19.9% 20.0% 21.7% 19.8% Margin (%) 27,026 21,373 22,442 19,317 15,411 EBITDA 7,930 7,505 8,348 8,761 9,026 7,125 6,921 Revenue 3,839 4,270 4,871 5,358 1,121 1,356 1,338 1,164 1,258 1,26
Slide 43: Shareholding Pattern as on 31st December 2021
Shareholding Pattern as on 31st December 2021 Shareholders Holding more than 1% of the Equity % to Equity (Other than Promoters) HDFC Mutual Fund 6.40% 11.78% DSP Mutual Fund 6.37% ICICI Mutual Fund 2.88% SBI Mutual Fund 2.75% L&T Mutual Fund 2.17% 32.19% 51.48% Franklin Templeton Mutal Fund 1.84% T
Slide 44: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : KNR Constructions Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L74210TG1995PLC130199 CIN: U74140MH2010PTC204285 Mr. K. Venkata Ram Rao Mr. Jigar Kavaiya / Mr. Chinmay Madgulkar (GM - Finance & Accounts) +91-9920602034 /
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