Knr Constructions Limited · NSE:KNRCON
Knr Constructions — Investor Presentation (June 2015)
36 slides from Knr Constructions's investor presentation, June 2015
Slide 1: Investor Presentation
Investor Presentation June 2015 KNR House, 3rd & 4th Floor, Plot No.114, Phase-1, Kavuri Hills, Jubilee Hills, Hyderabad - 500 033 A Well Established Name in Roads & Highway Constructions Phone No. 040-40268759/61/62, Fax No. 040-40268760 E-mail: [email protected]
Slide 2: 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 3: Business Overview
Kurc KNR CONSTRUCTIONS LIMITED Business Overview
Slide 4: Business Overview and Vision
Business Overview One of the leading companies providing Engineering, Procurement and Construction (EPC) services To develop KNRCL as a Major Projects in Roads & Highways – one of the fast growing sector Centre of excellence in Established presence in Irrigation and Urban Water Infrastructur
Slide 5: Transformation
Transformation 2015 2/4 laning of Madurai – Ramanathapuram Section of NH-49 in the State of Tamil Nadu under NHDP Phase-III on EPC mode worth Rs. 9,371 mm 2013 3rd BOT Toll project worth Rs.9,005 mn in Kerala 2012 Early completion of Biggest Road Project – Bijapur Hungund Section of Rs. 8,250 mn - 1
Slide 6: Management
Management… Mr. K.Narasimha Reddy – Founder Promoter & Managing Director Over 46 years of experience in the Highway sector Started career in 1968 and engaged in the business of undertaking civil and mechanical contracts Extensive knowledge and experience in multi project planning Scheduling, c
Slide 7: Supported by Professional Team
Supported by Professional Team Mr. K. Saravana Kumar (Senior Vice President) Mr. T.L. Verma (Vice President - Projects) A Post Graduate in Civil Engineering from IIT, A Bachelor of Engineering (BE) from MITS Kanpur with more than 25 years of professional Gwalior (MP) with Over 35 years of total
Slide 8: Key Business Strengths
Kurc KNR CONSTRUCTIONS LIMITED Key Business Strengths
Slide 9: Project Execution
1. Project execution Significant experience and Strong track record in timely execution of Projects Top management’s active Scheduled Completion (Days) involvement at all stages of Project Actual Completion (Days) execution Selection of Major Raw Material Selection of construction Camp locatio
Slide 10: Pan India Project Execution Capability
Pan India Project Execution* Capability Arunachal Pradesh Bihar No of Projects 1 Uttar Pradesh Value of Projects Rs. 920 mn No of Projects 4 No of Projects 1 Value of Projects Rs. 1,411 mn Value of Projects Rs. 1,704 mn Assam No of Projects 2 Madhya Pradesh Value of Projects Rs. 1,913 mn No of Proje
Slide 11: 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
Slide 12: In-house Construction Equipment
2. In-house Construction Equipment World Class Construction Equipments Use of Right tools for right work Sl. No. Name Of The Machinery Qty 1 Tippers 531 2 Excavators 125 3 Compactors 60 4 Concrete Mixers And Pumps 45 5 Loaders 38 6 Pavers 33 7 Crushers 14 8 Graders 31 9 Tractors 31 250 TPH Nawa Crus
Slide 13: In-house Execution Team
3. In-house Execution Team In-house team of 700 Qualified and experienced employees led by proven management team 13% 25% 5% Project Engineering Site Supervision 22% Site Engineers Equipment Operators 35% Admin & Office Staff 13
Slide 14: Reputed Clientele
4. Reputed Clientele National Highways Authority of Andhra Pradesh Road Development India (NHAI) Corporation (APRDC) Ministry of Road Transport & Hyderabad Growth Corridor Limited Highways (MoRTH) (HGCL) Karnataka State Highway Karnataka Road Development Improvement Project (KSHIP) Corporation (KRDC
Slide 15: Reputed Clientele (cont.)
4. Reputed Clientele (cont.) A.P. Irrigation (Government of Andhra GMR Projects Private Limited Pradesh) Engineers India Limited (Government of India Sadbhav Engineering Limited Undertaking) Public Works Department Oriental Structural Engineers Pvt. (Government of Arunachal Ltd. Pradesh) 15
Slide 16: BOT Portfolio
Kurc KNR CONSTRUCTIONS LIMITED BOT Portfolio 16
Slide 17: BOT Portfolio – Completed Projects
BOT Portfolio – Completed Projects Patel KNR Heavy Infrastructures Particulars Patel KNR Infrastructures limited(PKIL) 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) 60.00 53.00 Concessio
Slide 18: BOT Portfolio – Under Construction
BOT Portfolio – Under Construction Particulars KNR Walayar Tollways Private Limited Stake 100% Project Type Road-Toll Project Detail State Kerala JV Partner - Client NHAI No of Lanes Two to Four Length(KM) 54.00 Concession Start Date 18th May 2013 Concession Period 20 Years Terms Scheduled COD 15th
Slide 19: Walayar–Vadakkancherry Project
Walayar –Vadakkancherry Project KNR Walayar Tollways Private Limited is a wholly owned subsidiary of KNR Constructions Limited, incorporated as an SPV for execution of Walayar Road Project Overall Progress as on 31st March 2015 Physical Progress: 92.78% against 80.07% planned Financial progr
Slide 20: Order Book & Business Strategy
Order Book & Business Strategy 20
Slide 21: Order-book Break-up
Order-book Beak-up Order book of Rs. 13,181 million as on 31st March 2015 Other State Govt. 96% 47% Captive 4% Pvt. Cos. Projects 9% International Order* Central Govt. 20% 20% Captive State Govt. Central Govt. International Order* Pvt. Cos. Projects * - Government of People's Repubilc Of Bangladesh
Slide 22: Order-book Highlights
Order-book Highlights Roads - Key Projects Rs. mln Non Captive Irrigation Chittagong City outer Ring Road, Bangladesh 2,628 91% 5% Rehabilitation and up gradation of existing 1,728 Penchalakona to Yerpedu section Roads - Captive Flyover Coimbatore city 1,060 4% Construction of Major Bridge Across Ri
Slide 23: Order-book: State-wise
Order-book: State-wise Madhya Pradesh Arunachal Pradesh No of Projects 2 No of Projects 1 Balance Value Rs. 1,330 mn Balance Value Rs. 644 mn Karnataka AP & Telangana No of Projects 8 No of Projects 7 Balance Value Rs. 2,373 mn Balance Value Rs. 3,906 mn Tamil Nadu Kerala No of Projects 2 No of Proj
Slide 24: Recent Order Wins
Recent Order Wins Order-book of Rs. 36,533 million as on 31st May, 2015* Key Projects Rs. mln 36,533 2/4 laning of Madurai -Ramanathpuram Section of 9,371 NH-49 in the stale of Tamil Nadu Four laning of existing Thiruvananthapuram Bypass in 23,352 6,691 the State of Kerela Upgrading Arcot Villupuram
Slide 25: Business Strategy
Business Strategy Focus on Projects involving Higher degree of engineering skills Continuously Focus on securing explores growth EPC contracts from opportunities by reputed Clients and forming strategic Concessionaire Joint Ventures (JVs) Capitalise on Opportunity of Execute all the huge Infrastruct
Slide 26: Financial Highlights
Kurc KNR CONSTRUCTIONS LIMITED Financial Highlights 26
Slide 27: Standalone Financial Results
Standalone Financial Results Rs. Million Q4 FY15 Q4 FY14 YoY FY15 FY14 YoY Total Revenue 2,556.7 2,604.4 -2% 8,761.3 8,347.9 5% Operating Expenses 1,591.5 1,768.6 5,965.5 5,727.1 Employees Expenses 110.3 89.0 380.8 349.5 Other Expenditure 507.9 374.6 1,153.6 1,013.5 EBITDA 347.1 372.2 -7% 1,261.4 1,
Slide 28: Standalone Balance Sheet
Standalone Balance sheet Rs. in Million Mar-15 Mar-14 Rs. in Million Mar-15 Mar-14 Shareholder’s Fund 5,692 5,133 Non-Current Assets 5,254 5,482 Share capital 281 281 Fixed Assets 2,269 2,640 Reserves & Surplus 5,411 4,852 Non-current Investments 228 248 Minority Interest 0 0 Deferred Tax Assets (Ne
Slide 29: Consolidated Financial Results
Consolidated Financial Results Rs. Million FY15 FY14 YoY Total Revenue 9,311.9 8,950.3 4% Operating Expenses 6,470.8 6,271.8 Employees Expenses 382.3 352.1 Other Expenditure 1,191.0 1,012.7 EBITDA 1,267.8 1,313.7 -3% EBITDA margin 13.6% 14.7% Other Income 128.9 171.8 Depreciation 551.7 585.8 Interes
Slide 30: Consolidated Balance Sheet
Consolidated Balance sheet Rs. in Million Mar-15 Mar-14 Rs. in Million Mar-15 Mar-14 Shareholder’s Fund 7,885 6,110 Non-Current Assets 15,164 10,167 Share capital 281 281 Fixed Assets 13,432 8,575 Reserves & Surplus 7,604 5,829 Non-current Investments 236 256 Minority Interest 560 559 Deferred Tax A
Slide 31: Standalone Financial Highlights
Standalone Financial Highlights Financial Year 2010 2011 2012 2013 2014 2015 Rs. 7,125 Rs. 7,930 Rs. 7,505 Rs. 6,921 Rs. 8,348 Rs. 8,761 Turnover $118.6 $132.0 $125.0 $115.2 $139.0 $140.0 Rs. 1,121 Rs. 1,356 Rs. 1,338 Rs. 1,164 Rs. 1,258 Rs. 1,261 EBITDA $18.7 $22.6 $22.3 $19.4 $20.9 $20.1 Rs. 826 R
Slide 32: Standalone Financial Highlights
Standalone Financial Highlights Revenue & EBITDA (Margin %) EBITDA 15.7% 17.1% 17.8% 16.8% 14.4% 15.1% Margin (%) 8,761 8,348 7,930 7,505 7,125 6,921 Revenue 1,121 1,356 1,338 1,164 1,258 1,261 EBITDA 2010 2011 2012 2013 2014 2015 Net Profit & Net Worth (RoE) RoE (%) 16.7% 16.1% 13.1% 11.5% 11.9% 12
Slide 33: Standalone Net Working Capital Days
Standalone Net Working Capital Days 79 69 53 52 48 98 43 74 66 64 45 51 26 23 28 7 10 13 16 16 15 18 15 20 FY10 FY11 FY12 FY13 FY14 FY15 Inventory Debtors Creditors Net Working Capital 33
Slide 34: Shareholding Pattern as on 31st March 2015
Shareholding Pattern as on 31st March 2015 Shareholders Holding more than 1% of the Equity % to Equity (Other than Promoters) 3% HDFC Mutual Fund 8.35% 10% Tata Mutual Fund 4.30% 21% Franklin Mutual Fund 2.05% 66% 1% DSP Blackrock Mutual Fund 2.00% ICICI Prudential Mutual Fund 1.92% PROMOTERS FOREIG
Slide 35: Other Businesses
Other Businesses Strong growth opportunity in development of Agricultural Infrastructure Irrigation & Water Management Execution of Irrigation & Water Projects Supply Projects with Joint Venture Partners And Urban Water Executed 3 Projects in Infrastructure Telangana & 1 Project in Bihar Manag
Slide 36: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : KNR Constructions Ltd Strategic Growth Advisors Pvt. Ltd. CIN: L74210DL1995PLC238364 CIN: U74140MH2010PTC204285 Mr. G Sravana Kumar Mr. Jigar Kavaiya (GM - Finance & Accounts) [email protected] [email protected] www.
KNR Constructions — Investor Presentation (June 2015) on 6ix