Kec International Ltd. · NSE:KEC
Kec International — Q3 FY24 Earnings Presentation
27 slides from Kec International's earnings presentation, Jan 31, 2024
Slide 1: Exchange cover letter: Press Release and Investor Presentation
KEC INTERNATIONAL LTD. RPG House 463, Dr. Annie Besant Road Worli, Mumbai 400030, India +91 22 66670200 [email protected] www.kecrpg.com January 30, 2024 National Stock Exchange of India Limited BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Fort Bandra (Ea
Slide 2: Financial Performance for Quarter & Nine Months Ended 31 December 2023
KEC INTERNATIONAL LTD. RPG House 463, Dr. Annie Besant Road Worli, Mumbai 400030, India +91 22 66670200 [email protected] www.kecrpg.com FINANCIAL PERFORMANCE FOR QUARTER & NINE MONTHS ENDED 31 DECEMBER 2023 KEC delivers Robust growth in Revenue and Profitability Revenue grows by 14% in Q3 and 17%
Slide 3: Standalone Financial Performance, Order Book and Net Debt
Standalone Financial Performance: Q3 FY24 v/s Q3 FY23 9M FY24 v/s 9M FY23* Revenue: Rs. 4,398 crore against Rs. 3,868 crore Revenue: Rs. 12,082 crore against Rs. 10,452 crore EBITDA: Rs. 211 crore against Rs. 180 crore EBITDA: Rs. 564 crore against Rs. 644 crore EBITDA Margin (Y-o-Y): 4.8% against 4
Slide 4: About KEC International Limited
About KEC International Limited KEC International is a global infrastructure Engineering, Procurement and Construction (EPC) major. It has presence in the verticals of Power Transmission and Distribution, Railways, Civil, Urban Infrastructure, Solar, Smart Infrastructure, Oil & Gas Pipelines, and Ca
Slide 5: KEC International Limited – Q3 FY24 January 2024
KEC International Limited Investor Presentation – Q3 FY24 30 January 2024 Power T & D Civil Railways Oil & Gas Pipelines Solar Cables
Slide 6: 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 7: Overview – RPG Group & KEC International
1 Overview – RPG Group & Hon’ble Prime Minister, Narendra Modi ji recently inaugurated the new Pandit Deen Dayal Upadhyay-Bhaupur KEC International freight corridor section in Uttar Pradesh KEC is proud to have partnered with Siemens India & DFCCIL to commission the Signalling & Telecommunication Sy
Slide 8: RPG Group: Powered by Passion, Driven by Ethics
RPG Group: Powered by Passion, Driven by Ethics UNLEASHTALENT RPG Enterprises was founded in 1979. The group currently operates various businesses in Infrastructure, Technology, Life Sciences, Plantations and Tyre industries. The group has business history dating back to TOUCHLIVES 1820 AD in bankin
Slide 9: KEC International: Building Infrastructure for the World of Tomorrow
KEC International : Building Infrastructure for the World of Tomorrow Transmission Oil & Gas Railways Civil Urban Infra Solar Cables & Distribution Pipelines 7+ FOOTPRINT IN 110+ 300+ $2.1 8 7500+ 35+ DECADES BILLION ONGOING MANUFACTURING OF EXPERIENCE COUNTRIES FACILITIES EMPLOYEES NATIONALITIES &
Slide 10: Diverse Portfolio of Offerings
Diverse Portfolio of Offerings Newly Added Transmission Lines Factories Underground Cabling Water Airports Hospitals Substations Residential Buildings S&T Metros – Civil Metros - Tech Commercial Buildings OHE Track Laying Railway Bridges Data Centre TCAS - Kavach Automatic Signalling Solar Tunnel Ve
Slide 11: Board of Directors
Board of Directors H. V. Goenka Chairman, Non Executive Director Vimal Kejriwal A. T. Vaswani D. G. Piramal M.S. Unnikrishnan Nirupama Rao Managing Director Non Executive Non Executive Non Executive Non Executive & CEO Independent Director Independent Director Independent Director Independent Direct
Slide 12: Management Team
Management Team Vimal Kejriwal Managing Director & CEO Rajeev Agarwal Neeraj Nanda Anand Kulkarni Kaushal Kodesia Manjit Singh Sethi Nagesh Veeturi Chief Financial Officer President – Executive Director – Executive Director – Executive Director – Executive Director – Emerging Businesses Business Ope
Slide 13: Key Performance Highlights
2 Key Performance Highlights Hon’ble Chief Minister of Bihar, Shri Nitish Kumar ji recently inaugurated the 220/132/33 KV AIS Substation in Bihar KEC is proud to have executed this prestigious project, wherein, the grid will directly feed power to end consumers in the form of 33 kV outgoings thereby
Slide 14: Financial Highlights Q3 & 9M FY24 – Growth Across Parameters
Financial Highlights Q3 & 9M FY24 – Growth Across Parameters Q3 FY24 vs Q3 FY23 Revenues EBITDA PBT PAT 14% 54% 958% 451% YoY YoY YoY YoY % 6.2% % 2.4% % 1.9% 5,007 Cr 308 Cr 121 Cr 97 Cr 9M FY24 vs 9M FY23 Revenues EBITDA PBT PAT 17% 51% 211% 88% YoY YoY YoY YoY % 6.0% % 1.7% % 1.4% 13,749 Cr 827 C
Slide 15: Improving Trajectory of Margins
Improving Trajectory of Margins EBITDA EBITDA % 6.1% 6.2% 5.8% 5.1% 4.6% 308 283 274 244 200 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 • EBITDA Margins continue to show an improvement over the last few quarters • EBITDA Margins for Q3 have increased by 160 basis points from 4.6% in Q3 FY23 to 6.2% in
Slide 16: Key Business Highlights – Q3 FY24
Key Business Highlights – Q3 FY24 T&D Civil Railways • Revenues of Rs. 2,723 Cr, growth of 22% YoY • Revenues of ~Rs. 1,100 Cr, a healthy growth • Revenues of Rs. 653 Cr for the quarter • SAE continues to deliver turnaround of 30% YoY • YTD Order intake of over Rs. 850 Cr - performance with positive
Slide 17: Financial Performance
3 Financial Performance Residential building project at Pune, Maharashtra 13
Slide 18: Profit and Loss Summary (Consolidated)
Profit and Loss Summary (Consolidated) (₹ crore) Growth Growth Q3 FY24 Q3 FY23 9M FY24 9M FY23 (Y-o-Y) (Y-o-Y) Revenues 5,007 4,375 14% 13,749 11,757 17% EBITDA 308 200 54% 827 546 51% EBITDA Margins 6.2% 4.6% 6.0% 4.6% (+) Other Income 26 2 45 26 (-) Depreciation 49 41 137 120 (-) Interest 164 149
Slide 19: Profit and Loss Summary (Standalone)
Profit and Loss Summary (Standalone) Growth Growth (₹ crore) Q3 FY24 Q3 FY23 9M FY24 9M FY23 (Y-o-Y) (Y-o-Y) Revenues 4,398 3,868 14% 12,082 10,452 16% EBITDA 211 180 17% 564 644 -12% EBITDA Margins 4.8% 4.7% 4.7% 6.2% (+) Other Income 29 3 50 28 (-) Depreciation 38 32 107 95 (-) Interest 146 123 19
Slide 20: Businesswise Revenue Performance (Consolidated)
Businesswise Revenue Performance (Consolidated) Growth Growth (₹ crore) Particulars Q3 FY24 Q3 FY23 9M FY24 9M FY23 (Y-o-Y) (Y-o-Y) T&D: 2,723 2,234 22% 7,072 5,924 19% - T&D (KEC) 2,383 1,889 26% 6,091 4,993 22% - SAE Towers 340 345 -2% 981 931 5% Non T&D: 2,475 2,309 7% 7,180 6,265 15% - Civil 1,0
Slide 21: Borrowings & Working Capital (Consolidated)
Borrowings & Working Capital (Consolidated) (₹ crore) Increase/ Increase/ Increase/ Particulars 31-Dec-23 31-Dec-22 30-Sep-23 31-Mar-23 (Decrease) (Decrease) (Decrease) I) Net Debt 4,445 3,432 1,013 4,491 -46 2,872 1,574 II) Interest Bearing Acceptances 1,600 2,185 -585 1,848 -248 2,113 -513 Total (
Slide 22: Order Intake & Order Book (Consolidated)
Order Intake & Order Book (Consolidated) Order Intake – YTD FY24 Order Book – YTD FY24 T&D : 56% SAE : 5% T&D: 45% SAE : 4% 10% 1%1% 2% 2% 2% 7% 12% Order Intake Order Book Rs 12,850 Cr. 49% Rs 30,161 Cr. 20% 61% 33% T&D Civil Railways Cables Oil & Gas Others * T&D Civil Railways Cables Oil & Gas Ot
Slide 23: Business Outlook
Business Outlook TAILWINDS HEADWINDS • Government’s focus on infrastructure expected to continue • Sustained high interest rates • GCC capex momentum to sustain • Continued geo-political unrests • Uptick in private capex, especially Real Estate and Metals & Mining o Red Sea issue impacting logistics
Slide 24: Environmental, Social and Governance (ESG)
4 Environmental, Social and Governance (ESG) Eye camps being organized at project sites
Slide 25: ESG & Sustainability Goals and Status
ESG & Sustainability Goals and Status Happiness Diversity & Occupational Corporate Social Quotient Inclusion Heath & Safety Responsibility Target: Increase Happiness Target: Increase in diversity by Target: Work towards the Target: Reach 2 lac CSR Quotient to 85% by FY26 25% by FY26 goal of achievin
Slide 26: Sustainability Roadmap – Key Initiatives and Approach
Sustainability Roadmap – Key Initiatives and Approach • Various initiatives being deployed across – Work • Substituting wood-based packaging with flexi Life Balance, Career Velocity and Connectedness recyclable packaging material for transmission Happiness • Introduced Employee Emotional Wellness Ci
Slide 27: Thank You
THANK YOU Global Footprint in 110+ 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