Rites Ltd. · NSE:RITES
Rites — Q2 FY2018-19 Earnings Presentation
24 slides from Rites's earnings presentation, Nov 13, 2018
Slide 1: Cover letter to stock exchanges
. may some _ . _ _ _ (W W arr affirm) ’1' [7/] b WE RITES LIMITED (Schedule ‘A’ Enterprise of Govt. of India) N0. RITES/SECY/NSE Date: November 13th, 2018 To: To: Listing Department, Corporate Relationship Department, National Stock Exchange of India Limited, BSE Limited, Rotunda Building, 'Exchange
Slide 2: RITES Limited Investor Presentation Financial Results Q2'18-19
RITES Limited Investor Presentation Financial Results: Q2’18-19 1 Date: 13th November 1 2018
Slide 3: Disclaimer
Disclaimer This presentation report is for distribution purpose only under such circumstances as may be permitted by applicable law. This presentation is for information purposes only without regard to specific objectives, financial situations or needs of any particular persons and does not constitu
Slide 4: Content
Content 1 Financial Performance – Q2 & H1’18-19 4 2 Order Book 15 3 Outlook for FY18-19 18 4 Annual Financial Performance Summary – FY17-18 20 3
Slide 5: 1. Financial Performance – Q2 & H1 18-19
1. Financial Performance – Q2’ & H1 18-19 4
Slide 6: Financial Summary Q2 & H1 18-19
Financial Summary Q2 & H1 18-19 ₹ in Crore Quarterly Increase / Half Yearly Increase / Particulars Q2’ 18-19 Q2’ 17-18 Decrease H1’ 18-19 H1’ 17-18 Decrease Total Revenue 473.23 245.13 +93.1% 839.90 615.26 +36.5% Op. Revenue 433.26 195.20 +122.0% 743.30 525.64 +41.4% EBITDA 182.15 91.70 +98.6% 312.2
Slide 7: Revenue for Q2 18-19 (Standalone)
Revenue for Q2 18-19 (Standalone) ₹ in Crore OPERATIONAL REVENUE TOTAL REVENUE 433.3 473.2 245.1 195.2 Q2 FY18 Q2 FY19 Q2‘17 Q2‘18 Q2 FY18 Q2 FY19 Q2‘17 Q2‘18 Operational Revenue has more than doubled (increased by 122%) on account of increase in consultancy fee and turnkey income Consultancy which
Slide 8: Segmental Revenue Q2 18-19
Segmental Revenue Q2 18-19 ₹ in Crore +132 -0.2 Consultancy Exports 292 160 0.8 0.6 Q2 FY18 Q2‘17 Q2 FY19 Q2‘18 Q2 FY18 Q2‘17 Q2 FY19 Q2‘18 +104 Projects Turnkey Domestic Leasing +4 116 20 24 12 Q2Q2‘17 FY18 Q2 FY19 Q2‘18 Q2 Q2‘17 FY18 Q2Q2‘18 FY19 Consultancy revenue has increased by ₹132 crore (82
Slide 9: Strong Earnings Q2 18-19 (Standalone)
Strong Earnings Q2 18-19 (Standalone) ₹ in Crore EBITDA & EBITDA MARGINS(%) PROFIT AFTER TAX 116.8 182.2 73.2 91.7 37.4% 38.5% Q2 FY18 Q2‘17 Q2 FY19 Q2‘18 Q2 FY18 Q2‘17 Q2 FY19 Q2‘18 EBITDA has nearly doubled and Profit after Tax has grown by 59%. Despite stiff competition, YoY EBITDA margins has im
Slide 10: Segmental Profits and Margins Q2 18-19
Segmental Profits and Margins Q2 18-19 ₹ in Crore +101 -0.53 Consultancy Exports 52 153 -2.15 -2.68 32.3% 52.5% Q2‘17 Q2 FY18 Q2‘18 Q2 FY19 Q2 FY18 Q2‘17 Q2 FY19 Q2‘18 +1 +4.8 Projects Turnkey Domestic Leasing 11 10 4 50.9% 46.4% -0.8 3.7% Q2 FY18 Q2‘17 Q2 FY19 Q2‘18 Q2 FY18 Q2‘17 Q2 FY19 Q2‘18 Prof
Slide 11: Revenue for H1 18-19 (Standalone)
Revenue for H1 18-19 (Standalone) ₹ in Crore OPERATIONAL REVENUE TOTAL REVENUE 743.3 839.9 615.3 525.6 H1 FY18 H1 FY19 HI‘17 H1‘18 H1 FY18 H1 FY19 H1'17 H1'18 Operational Revenue has increased by 41.4% on account of increase in consultancy fee and turnkey income Consultancy remains the prominent seg
Slide 12: Segmental Revenue H1 18-19
Segmental Revenue H1 18-19 ₹ in Crore +138 -70 Exports Consultancy 502 72 364 2 H1 FY18 H1 FY19 H1 FY18 H1 FY19 H1‘17 H1‘18 H1‘17 H1‘18 +8 +151 Projects Turnkey Domestic Leasing 192 40 48 41 H1 FY18 H1 FY19 H1 FY18 H1 FY19 H1‘17 H1‘18 H1‘17 H1‘18 Consultancy revenue has increased by ₹138 crore (37.8
Slide 13: Strong Earnings H1 18-19 (Standalone)
Strong Earnings H1 18-19 (Standalone) ₹ in Crore EBITDA & EBITDA MARGINS(%) PAT & PAT MARGINS(%) 211.1 312.2 142.5 198.8 34.3% 37.2% MARGINS 23.2% 23.7% H1 H1‘17 FY18 H1 FY19 H1‘18 H1HI‘17 FY18 H1H1‘18 FY19 EBITDA and Profit after Tax has grown by 47.9% and 39.5% in H1’18-19 YoY Despite stiff compet
Slide 14: Segmental Profits and Margins H1 18-19
Segmental Profits and Margins H1 18-19 ₹ in Crore +101 -20 Consultancy 232.7 Exports 122.4 17.2 33.7% 46.4% 23.8% -2.7 H1 FY18 H1‘17 H1 FY19 H1‘18 H1‘17 H1‘18 H1 FY18 H1 FY19 +4 +5 Projects 22.5 Turnkey Domestic Leasing 18.9 6.1 47.2% 47.0% -1.2 3.2% H1 FY18 H1‘17 H1H1‘18 FY19 H1‘17 H1 FY18 H1‘18 H1
Slide 15: Employee Productivity
Employee Productivity ₹ in Crore REVENUE PER EMPLOYEE (STANDALONE) FY18 0.47 0.49 Approx 1,400 0.41 Revenue per 0.36 regular skilled employee: engineers/ Rs. 49 lakh 0.25 professionals Lorem ipsum This is dummy text it is not here to be read FY 15 FY 16 FY 17 FY 18 H1FY19 Status Employees as on 30.0
Slide 16: 2. Order Book
2. Order Book 15
Slide 17: Order Book
Order Book ₹ in Crore 39.9% 37.1% 20.8% 2.2% Consultancy Leasing Exports Turnkey 29.3% 70.7% Total Order book as on 30.09.18 `6183 Crore Govt. & PSU Other *order book also includes US Dollar denominated projects and conversion to INR of such projects has been done at the time of award of the contrac
Slide 18: Major Projects Secured during Q2'18-19
Major Projects Secured during Q2’18-19 ₹ in Crore Expected Project Scope Amount Client Completion Exports Supply of 160 AC and Non-AC couches 587.45 Srilanka Railways 2021 Irrigation & Waterway Detailed Project Report cum Project Management 28.63 Department, Govt. of 2021 Consultancy of 373 RCC Brid
Slide 19: 3. Outlook for FY18-19
3. Outlook for FY18-19 18
Slide 20: Outlook for FY18-19 (Standalone)
Outlook for FY18-19 (Standalone) ₹ in Crore OPERATING REVENUE OPERATING PROFIT 9.39% 22.31% 1760 1439 361 330 Current Year(2017-18) MOU Target 2018-19 Current Year(2017-18) MOU Target 2018-19 Outlook for FY 18-19 is based on the MOU Target of 2018-19 for excellent rating 19
Slide 21: 4. Annual Financial Performance Summary FY17-18
4. Annual Financial Performance Summary FY17-18 20
Slide 22: Financial Summary (Consolidated)
Financial Summary (Consolidated) ₹ in Crore Particulars FY 17-18 FY 16-17 Increase/Decrease Total Revenue1 1667 1561 6.8% Operating Revenue1 1503 1351 11.2% EBITDA1 572 555 3.2% PAT1 363 337 7.8% Dividend Payout 148 146 1.4% Dividend Per Share (in₹) 7.4 7.3 1.4% EPS ((in₹) 17.4 16.4 6.1% Cash in han
Slide 23: Segmental Revenue (Consolidated)
Segmental Revenue(Consolidated) ₹ in Crore FY 2017-18 FY 2016-17 31 17 17(1.1%) 147 377 232 (9.8%) 833 93 (15.4%) 92(6.1%) 1015 (67.6%) Consultancy services Leasing services Export sales Turnkey construction projects sale of power generation 22
Slide 24: Thank You
Thank You 23