KEC International Ltd. · NSE:KEC
KEC International — Investor Presentation (August 2019)
30 slides from KEC International's investor presentation, Aug 13, 2019
Slide 1: KEC International Limited Corporate Presentation
KEC International Limited Corporate Presentation 1 3 Au g u s t , 2 0 1 9 Power T & D Railways Solar Civil Smart Infra Cables
Slide 2: 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 3: Content
RPG Group Page 04-05 KEC International Business Overview Page 06-10 Page 14-37 Leadership Team Page 11-13 Industry Overview Management Team Content Page39-40 Page 14-17 Business Overview Page 18-25 Financial Overview Page 26-29 3
Slide 4: RPG Group
RPG Group Power T & D Railways Solar Civil Smart Infra Cables 4
Slide 5: RPG Group: Powered by Passion, Driven by Ethics
RPG Group: Powered by Passion, Driven by Ethics RPG Group is one of India’s fastest growing conglomerates with 20,000+ employees, presence in 100+ countries and a turnover in excess of USD 4 billion. Founded in 1979 by Shri Rama Prasad Goenka (RP Goenka), a pioneering fifth generation business leade
Slide 6: KEC International
KEC International Power T & D Railways Solar Civil Smart Infra Cables 6
Slide 7: KEC Overview
KEC Overview • Global infrastructure EPC major • FY19 Sales: Rs. 11,001 Crore (USD 1.6 billion) • Seven manufacturing facilities across India, Brazil and Mexico • 6,420 employees from 29 diverse nationalities Footprint in 100+ countries across the globe Americas Middle Africa East India & South Asia
Slide 8: Overview (contd.) - Expansion into New Verticals
Overview (contd.) - Expansion into New Verticals 1982 2010 2013 Incorporated into RPG Substation Civil 2016 Transmission Railways Water Solar 1945 Smart Infra 2009 2011 2014 2018 8
Slide 9: Overview (contd.)
Overview (contd.) Sustained leadership in Power Transmission EPC • Indian multinational infrastructure EPC major • Over 7 decades of experience; presently executing 170+ projects Diversifying to mitigate risk • Diversified across businesses and geographies • Footprint in 100+ countries across six co
Slide 10: Q1 FY20 Order Inflows & Order Book Breakup
Q1 FY20 Order Inflows & Order Book Breakup Order Inflows YTD Order Book as on 30.6.2019 T&D: 46% SAE : 13% T&D: 60% SAE : 10% 1% 33% 25% Order Intake Order Book Rs 1,115 Cr 2% Rs 19,016 Cr 59% 2% 8% 70% T&D Civil Cables T&D Civil Cables Railways Smart Infra+Solar Domestic : 57% International : 43% D
Slide 11: Leadership Team
Leadership Team Power T & D Railways Solar Civil Smart Infra Cables 11
Slide 12: Board of Directors
Board of Directors H. V. Goenka Chairman Vimal Kejriwal A. T. Vaswani D. G.Piramal G. L. Mirchandani Nirupama Rao MD & CEO Director Director Director Director R. D. Chandak S. M. Trehan Vikram Gandhi Director Director Director 12
Slide 13: Management Team
Management Team Vimal Kejriwal MD & CEO Randeep Narang Neeraj Nanda Kaushal Kodesia Nagesh Veeturi Jayant Kohale Gustavo Cedeno President - President - Chief Executive - Chief Executive - Head - Chief Executive International (T&D, South Asia (T&D, Railways Civil Smart Infra Officer - Solar) & Cables
Slide 14: Industry Overview
Industry Overview Power T & D Railways Solar Civil Smart Infra Cables 14
Slide 15: Industry Outlook: Transmission & Distribution (T&D)
Industry Outlook: Transmission & Distribution (T&D) INDIA • Last mile electrification; 24x7 Power for All • Augmentation of transmission networks; addition of 1,00,000+ ckm of TLs & T&D Capex – FY2016-40 ($Bn) 2,90,000+ MVA of transformation capacity expected between 2017-22 Region 2016-25 2026-40 S
Slide 16: Industry Outlook: Cables and Railways
Industry Outlook: Cables and Railways CABLES • Annual Indian market ~ Rs. 20,400 crore p.a. (USD 3.1 billion) • Strong demand driven by power sector, real estate and industrial activity • India’s aggressive plans for power sector, driving growth • Demand for improved network quality expected to impr
Slide 17: Industry Outlook: Civil, Smart Infra, and Solar
Industry Outlook: Civil, Smart Infra, and Solar CIVIL • Opportunities in the domains of smart cities, industrial corridors & infrastructure-linked Real Estate development • Promising outlook on residential sector, owing to increase in demand and Affordable & Mass Housing schemes • Opportunities unde
Slide 18: Business Overview
Business Overview Power T & D Railways Solar Civil Smart Infra Cables 18
Slide 19: Transmission & Distribution (T&D)
Transmission & Distribution (T&D) • One of the largest Power T&D EPC companies; footprint across 69 countries • Global leadership with experience of 7+ decades • Integrated solutions on turnkey basis • Transmission Lines up to 1200 kV • Large size substations – Air Insulated up to 1150 kV, Gas Insul
Slide 20: In-house capabilities for turnkey solutions
In-house capabilities for turnkey solutions Design & Engineering • In-house design centers with 220+ engineers across eight centres in India, the Middle East and Americas • >60 years library of transmission lines design database, including towers, hybrid poles and monopoles; expertise across designi
Slide 21: Railways
Railways • Currently executing 30+ projects; electrified 40% of the Indian Railway network till date • Complete turnkey solutions provider in the railways infrastructure EPC space • Overhead Electrification systems • Signalling & Telecommunication systems for outdoor and indoor installation includin
Slide 22: Solar
Solar • Capabilities to execute large scale projects >130 MW • Significant experience in Single Axis Tracker implementation • Proficiency in Design, project feasibility analysis across large-scale Solar Photovoltaic Power plants, backed by project management & execution capabilities • Supply/sourcin
Slide 23: Civil
Civil • Focus on construction of factories, warehouses, residential buildings, commercial complexes, railway stations, airports, metros and sewage & water treatment plants • Providing services in an area dominated by small unorganised players and few large companies • Established as a preferred agen
Slide 24: Smart Infra
Smart Infra • Launched the Smart Infra vertical in FY 2018-19 • Focus on Smart Cities & Communication, Smart Grid and Smart Mobility • Business aligned with Government of India’s agenda of enhancing India’s digital infrastructure and building 100+ smart cities • Smart Infra division to work with cen
Slide 25: Cables
Cables • Extensive range of cables and turnkey cabling solutions offered in over 30 countries • Two fully integrated Cables manufacturing facilities; manufacturing a wide range of Power (HT and EHV Cables of up to 220 kV), Control & Instrumentation, Telecom, Solar & Railway Signalling Cables and Rai
Slide 26: Financial Overview
Financial Overview Power T & D Railways Solar Civil Smart Infra Cables 26
Slide 27: Q1 FY20 Performance Highlights
Q1 FY20 Performance Highlights REVENUE EBITDA ORDER BOOK Q1 FY20 v/s Q1 FY19 Q1 FY20 v/s Q1 FY19 Q1 FY20 v/s Q1 FY19 16% 15% 5% YoY YoY YoY % 10.4 Rs 2,412 Cr Rs 19,016 Cr Rs 251 Cr Q1 FY20 Updates: ➢ Revenue growth of 15% on back of overall T&D growth of 25% ▪ SAE revenue growth of 13% backed by EP
Slide 28: Profit & Loss Highlights (Consolidated)
Profit & Loss Highlights (Consolidated) (In Rs Cr) Q1 Y-o-Y Notes: Particulars FY20 FY19 % growth ➢ Depreciation & Interest impacted Revenues 2,412 2,104 14.6% by approx. Rs 9 Cr due to Lease accounting policy change; Net impact on PBT less than Rs 2 Cr EBITDA 251 216 16.2% ➢ One time prepayment pre
Slide 29: KEC: Equity Share Information
KEC: Equity Share Information Shareholding Pattern Equity Share Information Public • Share Price (27 June, 2019): Rs. 315/ 18.24% share • Market Cap (27 June, 2019): ~Rs. 8,102 Promoters crore Institutions 50.9% 30.86% • Financial Year – April to March • Listed on Indian Stock Exchanges • Bloomberg
Slide 30: Thank You
THANK YOU Global Footprint in 100+ 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: [email protected] www.kecrpg.com
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