Kec International Ltd. · NSE:KEC
Kec International — Q4 FY22 Earnings Presentation
29 slides from Kec International's earnings presentation, May 4, 2022
Slide 1: Regulation 30 cover letter to stock exchanges
KEC INTERNATIONAL LTD. RPG House 463, Dr. Annie Besant Road Worli, Mumbai 400030, India +91 22 66670200 [email protected] www.kecrpg.com May 03, 2022 National Stock Exchange of India Limited BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Fort Bandra (East),
Slide 2: KEC delivers Steady Performance amidst a Challenging Environment
KEC INTERNATIONAL LTD. RPG House 463, Dr. Annie Besant Road Worli, Mumbai 400030, India +91 22 66670200 www.kecrpg.com FINANCIAL PERFORMANCE FOR QUARTER & YEAR ENDED 31 MARCH 2022 KEC delivers Steady Performance amidst a Challenging Environment Revenues of Rs. 4,275 crore in Q4 FY22 and Rs. 13,742 c
Slide 3: Standalone Financial Performance
Standalone Financial Performance: FY22 v/s FY21 (Excluding Exceptional Items*) Q4 FY22 v/s Q4 FY21 (Excluding Exceptional Items*) Revenue: Rs. 12,573 crore against Rs. 11,852 crore Revenue: Rs. 3,878 crore against Rs. 4,101 crore EBITDA: Rs. 1,129 crore against Rs. 1,232 crore EBITDA: Rs. 282 crore
Slide 4: CEO commentary on FY22 performance
Mr. Vimal Kejriwal, MD & CEO, KEC International Ltd. commented, “We have delivered a steady performance for the year. While we are pleased with the impressive growth in order intake and developments on the strategic front, we had a challenging year in terms of Revenue and Profitability, in the face
Slide 5: KEC International Limited – Q4 FY22 May 2022
KEC International Limited Investor Presentation – Q4 FY22 0 3 Ma y 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: Contents
Contents Overview – RPG Group and KEC International Key Performance Highlights Q4 & FY22 Financial Performance Q4 & FY22 Environmental, Social and Governance (ESG) Power T & D Railways Civil Cables Solar Smart Infra Oil & Gas Pipelines 3
Slide 8: Contents
Contents Overview – RPG Group and KEC International Key Performance Highlights Q4 & FY22 Financial Performance Q4 & FY22 Environmental, Social and Governance (ESG) Power T & D Railways Civil Cables Solar Smart Infra Oil & Gas Pipelines 4
Slide 9: 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 banki
Slide 10: KEC International: Building Infrastructure for the World of Tomorrow
KEC International : Building Infrastructure for the World of Tomorrow 7+ DECADES OF EXPERIENCE & EXPERTISE 9,000+ EMPLOYEES $1.8 FOOTPRINT IN 110+ COUNTRIES BILLION GLOBAL EPC MAJOR ONGOING PROJECTS IN 8 MANUFACTURING UNITS 30+ COUNTRIES 5 in India, 3 Overseas 6
Slide 11: 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 12: 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 13: Contents
Contents Overview – RPG Group and KEC International Key Performance Highlights Q4 & FY22 Financial Performance Q4 & FY22 Environmental, Social and Governance (ESG) Power T & D Railways Civil Cables Solar Smart Infra Oil & Gas Pipelines 9
Slide 14: Key Performance Highlights – Consolidated Q4 & Full year FY22 (1/4)
Key Performance Highlights – Consolidated Q4 & Full year FY22 (1/4) Consolidated Highlights for FY22 v/s FY21 Consolidated Highlights for Q4 FY22 v/s Q4 FY21 ▪ Revenue of Rs. 13,742 Cr - Growth of 5% ▪ Revenue of Rs. 4,275 Cr against Rs. 4,361 Cr ▪ EBITDA Margin at 6.6% against 8.7% ▪ EBITDA Margin
Slide 15: Key Performance Highlights – Standalone Q4 & Full year FY22 (2/4)
Key Performance Highlights – Standalone Q4 & Full year FY22 (2/4) Standalone Highlights for FY22 v/s FY21 Standalone Highlights for Q4 FY22 v/s Q4 FY21 ▪ Revenue of Rs. 12,573 Cr - Growth of 6% ▪ Revenue of Rs. 3,878 Cr against Rs. 4,101 Cr ▪ EBITDA Margin at 9.0% against 10.4% ▪ EBITDA Margin at 7.
Slide 16: Key Performance Highlights – Consolidated FY22 (3/4)
Key Performance Highlights – Consolidated FY22 (3/4) ❑ Portfolio Diversification : ▪ Non-T&D business share increase to 50% in FY22 against 42% in FY21 ▪ Expanded footprint to two new countries in T&D ❑ Entry in New Segments: ▪ Completed acquisition of Spur Infrastructure Private Limited (now rename
Slide 17: Key Performance Highlights – Consolidated FY22 (4/4)
Key Performance Highlights – Consolidated FY22 (4/4) ❑ Achieved highest ever Order intake of Rs 17,203 Cr; a robust growth of 45% over last year ▪ Order Intake momentum continues in International T&D with significant orders in Middle East, SAARC and Americas ▪ Strengthened order book in Domestic T&D
Slide 18: Contents
Contents Overview – RPG Group and KEC International Key Performance Highlights Q4 & FY22 Financial Performance Q4 & FY22 Environmental, Social and Governance (ESG) Power T & D Railways Civil Cables Solar Smart Infra Oil & Gas Pipelines 14
Slide 19: Profit & Loss Highlights (Consolidated)
Profit & Loss Highlights (Consolidated) Particulars FY22 FY21 Growth Q4 FY22 Q4 FY21 Growth (₹ crore) (Y-o-Y) (Y-o-Y) Revenues 13,742 13,114 5% 4,275 4,361 -2% EBITDA 904 1,141 -21% 252 355 -29% EBITDA Margins 6.6% 8.7% 5.9% 8.1% (+) Other Income 13 30 3 12 (-) Depreciation 158 153 42 38 (-) Interes
Slide 20: Profit & Loss Highlights (Standalone)
Profit & Loss Highlights (Standalone) Particulars FY22 FY21 Growth Q4 FY22 Q4 FY21 Growth (₹ crore) (Y-o-Y) (Y-o-Y) Revenues 12,573 11,852 6% 3,878 4,101 -5% EBITDA 1,129 1,232 -8% 282 409 -31% EBITDA Margins 9.0% 10.4% 7.3% 10.0% (+) Other Income 19 28 6 8 (-) Depreciation 123 122 33 30 (-) Interes
Slide 21: Businesswise Revenue Performance (Consolidated)
Businesswise Revenue Performance (Consolidated) (₹ crore) Growth Growth Business Verticals FY22 FY21 Q4 FY22 Q4 FY21 (Y-o-Y) (Y-o-Y) T&D: 6,889 7,636 -10% 1,940 2,323 -16% - T&D (KEC) 6,005 6,491 -7% 1,687 2,081 -19% - SAE Towers 884 1,146 -23% 253 241 5% Non T&D: 7,529 5,752 31% 2,564 2,125 21% - R
Slide 22: Borrowings & Working Capital (Consolidated)
Borrowings & Working Capital (Consolidated) (₹ crore) Increase/ Increase/ Particulars 31-Mar-22 31-Mar-21 (Decrease) 31-Dec-21 (Decrease) YoY QoQ I) Net Debt 2,613 1,679 934 2,913 -300 II) Interest Bearing Acceptances 2,152 1,526 626 1,938 214 Total (I + II) 4,765 3,205 1,560 4,851 -86 ❑ Reduction i
Slide 23: Order Intake & Order Book (Consolidated)
Order Intake & Order Book (Consolidated) Order Intake - FY22 Order Book – 31 Mar’22 T&D : 35% SAE : 8% T&D: 45% SAE : 5% 6% 2% 1% 1% 3% 1% 16% 14% Order Intake Order Book Rs 17,203 Crs 43% Rs 23,716 Crs 50% (Growth of 45%) (Growth of 24%) 29% 34% T&D Civil Railways Cables Oil & Gas Others T&D Civil
Slide 24: Business Outlook
Business Outlook TAILWINDS HEADWINDS ▪ India infrastructure market expected to remain bullish on the back of flagship schemes such as National Infrastructure Plan, Gatishakti ▪ Relapse of COVID-19 in many countries program, Sagarmala, Bharatmala, Jal Jeevan Mission, etc. ▪ Unprecedented increase in
Slide 25: Contents
Contents Overview – RPG Group and KEC International Key Performance Highlights Q4 & FY22 Financial Performance Q4 & FY22 Environmental, Social and Governance (ESG) Power T & D Railways Civil Cables Solar Smart Infra Oil & Gas Pipelines 21
Slide 26: KEC's ESG Journey So Far
KEC’s ESG Journey So Far KEC is committed to delivering excellence and outperformance with unwavering focus on embedding sustainable practices towards improving Environment, Society, Safety and Governance FY 2020 FY 2021 FY 2022 ✓ Embarked on the ESG & Sustainability ✓ Appointed a reputed consultant
Slide 27: Sustainability Roadmap
Sustainability Roadmap Happiness Occupational Corporate Diversity & Quotient Heath & Social Inclusion Safety Responsibility Increase Happiness Increase in Work towards the Reach 2 lac CSR Quotient to 85% diversity by 25% goal of achieving beneficiaries by by FY26 by FY26 zero accidents FY 26 Water P
Slide 28: Sustainability Roadmap – Key Initiatives and Approach
Sustainability Roadmap – Key Initiatives and Approach • Action planning workshops across the • Effective design to reduce consumption of organisation to increase Happiness material (steel/cement) Happiness • Announced Happiness Champions Awards for Circularity • Reverse logistics and recycling of ma
Slide 29: 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