Kec International Ltd. · NSE:KEC
Kec International — Q2 FY23 Earnings Presentation
25 slides from Kec International's earnings presentation, Nov 8, 2022
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 November 07, 2022 National Stock Exchange of India Limited BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Fort Bandra (E
Slide 2: Financial Performance for Quarter & Half Year Ended 30 September 2022
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 & HALF YEAR ENDED 30 SEPTEMBER 2022 KEC delivers Strong Revenue growth of 13% in Q2 and 20% in H1 Robust YTD Order Intake of Rs
Slide 3: Standalone Financial Performance; Order Intake and Order Book
Standalone Financial Performance: Q2 FY23 v/s Q2 FY22 (Excluding Exceptional Item*) H1 FY23 v/s H1 FY22 (Excluding Exceptional Item*) Revenue: Rs. 3,736 crore against Rs. 3,357 crore Revenue: Rs. 6,584 crore against Rs. 5,695 crore EBITDA: Rs. 230 crore against Rs. 315 crore EBITDA: Rs. 464 crore ag
Slide 4: CEO comment and About KEC International Limited
Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We have delivered a strong growth in revenues and order intake. The margins continue to be impacted due to the elevated logistics costs, execution of legacy projects with adverse commodity prices and SAE Brazil performance. We have sig
Slide 5: KEC International Limited – Q2 FY23
KEC International Limited Investor Presentation – Q2 FY23 0 7 N ove mbe r 2 0 2 2 Power T & D Railways Civil Cables Solar Smart Infra Oil & Gas Pipelines
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 & KEC International Railway electrification project in Karnataka 3
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 TOUCHLIVES history dating back to 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 Cables Solar Smart Infra & Distribution Pipelines 7+ FOOTPRINT IN 110+ 290+ $1.8 8 9000+ 35+ DECADES BILLION ONGOING MANUFACTURING OF EXPERIENCE COUNTRIES FACILITIES EMPLOYEES NATIONALITIES &
Slide 10: Board of Directors
Board of Directors H. V. Goenka Chairman, Non Executive Director Vimal Kejriwal A. T. Vaswani D. G.Piramal G. L. Mirchandani M.S. Unnikrishnan Managing Director Non Executive Non Executive Non Executive Non Executive & CEO Independent Director Independent Director Independent Director Independent Di
Slide 11: Management Team
Management Team Vimal Kejriwal Managing Director & CEO Rajeev Agarwal Neeraj Nanda Anand Kulkarni Kaushal Kodesia Manjit Singh Sethi Chief Financial Officer President – South Executive Director – Executive Director – Executive Director – Asia (T&D, Solar & Business Operations Railways Cables Smart I
Slide 12: Key Performance Highlights
2 Key Performance Highlights Delhi – Meerut RRTS Project 8
Slide 13: Performance Snapshot – Q2 FY23
Performance Snapshot – Q2 FY23 Revenues • Robust Consolidated growth YoY; 13% in Q2 and 20% in H1 • Healthy growth in both T&D as well as Non T&D businesses Order Book • Stellar growth of 25% in Order Intake – YTD order inflows Rs. 10,465 Cr - Led by T&D, Civil and Railways • Highest ever Order Book
Slide 14: Key Business Highlights – Q2 FY23
Key Business Highlights – Q2 FY23 T&D • Achieved Revenues of Rs. 2,091 Cr. in Q2, growth of 7% YoY; strong execution in international markets • YTD order intake of Rs. 3,775 Cr for T&D and cabling projects across India, Middle East, Africa and Americas • Secured 5 substantial orders in India includi
Slide 15: Financial Performance
3 Financial Performance 500kV Transmission line project in Thailand 11
Slide 16: Profit and Loss Summary (Consolidated)
Profit and Loss Summary (Consolidated) Q2 H1 (₹ crore) Particulars Growth Growth FY23 FY22 FY23 FY22 (Y-o-Y) (Y-o-Y) Revenues 4,064 3,587 13% 7,382 6,127 20% EBITDA 178 253 -30% 346 413 -16% EBITDA Margins 4.4% 7.1% 4.7% 6.7% (+) Other Income 16 3 24 5 (-) Depreciation 40 39 79 77 (-) Interest 128 7
Slide 17: Profit and Loss Summary (Standalone)
Profit and Loss Summary (Standalone) Q2 H1 (₹ crore) Particulars Growth Growth FY23 FY22 FY23 FY22 (Y-o-Y) (Y-o-Y) Revenues 3,736 3,357 11% 6,584 5,695 16% EBITDA 230 315 -27% 464 540 -14% EBITDA Margins 6.2% 9.4% 7.0% 9.5% (+) Other Income 17 3 25 6 (-) Depreciation 31 30 62 60 (-) Interest 101 64
Slide 18: Businesswise Revenue Performance (Consolidated)
Businesswise Revenue Performance (Consolidated) (₹ crore) Q2 H1 Business Verticals Growth Growth FY23 FY22 FY23 FY22 (Y-o-Y) (Y-o-Y) T&D: 2,091 1,946 7% 3,736 3,351 11% - T&D (KEC) 1,871 1,738 8% 3,150 2,941 7% - SAE Towers 220 208 6% 586 411 43% Non T&D: 2,093 1,808 16% 3,911 3,056 28% - Railways 8
Slide 19: Borrowings & Working Capital (Consolidated)
Borrowings & Working Capital (Consolidated) Increase/ Increase/ (₹ crore) Particulars 30-Sep-22 30-Sep-21 (Decrease) 30-Jun-22 (Decrease) YoY QoQ I) Net Debt 3,548 2,801 746 3,418 130 II) Interest Bearing Acceptances 2,372 1,549 822 2,658 -286 Total (I + II) 5,919 4,351 1,568 6,076 -156 ❑ With dedic
Slide 20: Order Intake & Order Book (Consolidated)
Order Intake & Order Book (Consolidated) Order Intake – YTD FY23 Order Book – YTD FY23 T&D : 32% SAE : 4% T&D: 40% SAE : 4% 6% 4% 2% 3% 1% 18% 24% Order Intake Order Book 36% 44% Rs 10,465 Crs Rs 27,569 Crs (Growth of ~25%) (Growth of ~25%) 32% 30% T&D Civil Railways Cables Oil & Gas T&D Civil Railw
Slide 21: Business Outlook – Exciting Times Ahead
Business Outlook – Exciting Times Ahead Economic Business How are we Outlook Outlook placed? • Softening of commodity prices such • Commenced execution of projects • Confident of a sequential as Steel, Aluminium and Copper secured at elevated/ current improvement in margins in the commodity costs qu
Slide 22: Environmental, Social and Governance (ESG)
4 Environmental, Social and Governance (ESG) Pehlay Akshar Schooling – Functional English classes imparted to children 18
Slide 23: 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 24: Sustainability Roadmap – Key Initiatives and Approach
Sustainability Roadmap – Key Initiatives and Approach • Launched KEC Happyverse – A special campaign • Reduction of ETP sludge generation through to build awareness on the Happiness philosophy appropriate spent acid disposal, thereby Happiness • Action planning workshops across the Circularity reduc
Slide 25: 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