Gpt Infraprojects Limited · NSE:GPTINFRA
Gpt Infraprojects — Q3 FY2018 Earnings Presentation
20 slides from Gpt Infraprojects's earnings presentation, February 2018
Slide 1: GPT Infraprojects Limited Business Update Presentation Q3 & 9M FY18
GPT Infraprojects Limited Business Update Presentation Q3 & 9M FY18
Slide 2: Safe Harbor
Safe Harbor • This presentation and the accompanying slides (the “Presentation”), which have been prepared by GPT Infraprojects 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 s
Slide 3: Business & Financial Update Q3 & 9M FY18
Business & Financial Update Q3 & 9M FY18
Slide 4: Key Business Updates
Key Business Updates Concrete Sleepers’ revenue grew 183% y-o-y to Rs 348 mn in Q3FY18, led by improving execution in South Africa Board recommended second interim dividend of 10% i.e. Rs. 1 per equity share Order backlog of almost Rs 19,456 mn as of Dec’17 led by an order intake of Rs 5,440 mn; add
Slide 5: Consolidated Financial Highlights
Consolidated Financial Highlights Rs Million Q3 '18 Q3 '17 Y-o-Y% Q2 '18 Q-o-Q % Revenue 1,144.2 1,061.5 7.8% 984.5 16.2% Other operating income 2.5 9.0 -72.8% 1.8 36.1% Net Sales 1,146.6 1,070.5 7.1% 986.3 16.3% Operating expenses 945.7 917.2 3.1% 808.2 17.0% EBITDA 201.0 153.3 31.1% 178.1 12.8% EB
Slide 6: Segment-wise Revenue Break-up
Segment-wise Revenue Break-up Segmental revenue break-up: Q3 FY18 Segmental revenue break-up: FY17 Concrete Sleepers, 13.6% Concrete Sleepers, 31.3% Infrastucture, 68.7% Infrastucture, 86.4% 6
Slide 7: Rs 5,440 mn of Order Intake, so far in FY18
Rs 5,440 mn of Order Intake, so far in FY18… Value Segment Project Client (Rs Mn) Construction of Foundation and Sub Structure for Major bridges in Infrastructure IRCON International Ltd 370 connection with doubling of Kiul – Gaya Rail Line Infrastructure – Road, Construction of ROB and approaches o
Slide 8: Healthy Order Book Across Segments
Healthy Order Book Across Segments Order Book – Rs 20 bn 4.0% 8.0% 13.0% Concrete Sleepers, 9.0% 3.0% 16% 0.0% 45.0% 7.0% 73.0% 38.0% West Bengal Uttar Pradesh Bangladesh Industrial Railway Tracks Sri Lanka South Africa Namibia Infrastuct Roads, Bridges and Highways ure, 84% 8
Slide 9: Key Growth Drivers
Key Growth Drivers Pick-up in Railway Capex Healthy Order Book, providing Revenue Visibility Consistent Focus on Profitability Strong Management; focus on Corporate Governance
Slide 10: Pick-up in Railway Capex
Pick-up in Railway Capex .… Medium Term (FY16-20) Investment Plan of Rs 8.56 tn by Indian Railways FY19 Railway Capex pegged at Rs 1,480 bn, an increase of ~30% Y-o-Y • Allocated Rs 1,993 bn towards DFC, Doubling/Tripling • Allocated Rs 1,930 bn towards Network of lines, Electrification and traffic
Slide 11: Presents Significant Growth Opportunity for GPT
…. Presents Significant Growth Opportunity for GPT…. Setu Bharatam – Rs 500+ bn to construct of 208 ROBs, rebuild 1,500 British era bridges Bridge construction Rashtriya Rail Sanraksha Kosh – Portion of Rs 100 bn earmarked for bridge rehabilitation opportunity Unmanned level crossing (UMLC) - Elimin
Slide 12: Reflected in Increased Order Intake (FY16 onwards)
…. Reflected in Increased Order Intake (FY16 onwards) Order Inflow (Rs Mn) Order Book (Rs Mn) Strong revenue visibility 8,813 19,456 18,510 7,112 16,500 5,440 12,460 3,540 FY15 FY16 FY17 FY18* FY15 FY16 FY17 FY18* • Till date • Additionally, L1 in orders worth Rs 5,200 mn (not included in the curren
Slide 13: Focus on Consistent Operating Margin
Focus on Consistent Operating Margin… Uptick in Revenues in-line with increased Railway Investment Healthy EBITDA with consistent margin In Rs mn In Rs mn 13% 14% 14% 13% 16% 5,028 5,100 4,528 680 670 3,898 586 590 554 3,451 FY14 FY15 FY16 FY17 9M FY18 FY14 FY15 FY16 FY17 9M FY18 13
Slide 14: Better Working Capital, leading to Improved Profitability
… Better Working Capital, leading to Improved Profitability Working Capital Days Profit After Tax Return on Equity ↗ Better and faster payments from clients In Rs mn ↗ Consistent follow-up to reduce certification time for the project ↗ Higher order execution 232 9.9% 160 160 8.4% 128 152 7.4% 139 13
Slide 15: Experienced Management with Strong Industry Background
Experienced Management with Strong Industry Background Dwarika Prasad Tantia Shree Gopal Tantia Atul Tantia Vaibhav Tantia Arun Kumar Dokania Chairman Managing Director Executive Director Director & COO Chief Financial Officer • With an experience of • 35 years experience • Graduated Magna Cum • Gra
Slide 16: Along with Focus on Better Corporate Governance
Along with Focus on Better Corporate Governance Board of Directors Statutory Auditor S R Baltiboi & Co. - Member Kashi Prasad Khandelwal Sunil Patwari Viswa Nath Purohit firm of Ernst & Young Independent Director Independent Director Independent Director Is a fellow member and holds certificate Hold
Slide 17: Annual Financial Highlights
Annual Financial Highlights
Slide 18: Consolidated Profit & Loss
Consolidated Profit & Loss Rs Million FY15 FY16 FY17 Revenue 3,883 5,021 5,081 Other Operating Income 15 7 12 Net Sales 3,898 5,028 5,100 Operating expenses 3,309 4,347 4,430 EBITDA 590 680 670 EBITDA margin 13.5% 13.5% 13.1% Depreciation 198 191 175 Other Income 73 96 91 Interest 407 386 378 PBT 59
Slide 19: Consolidated Balance Sheet
Consolidated Balance Sheet Rs Million Mar '17 Mar '16 Rs Million Mar '17 Mar '16 Share Capital 145 143 Fixed Assets incl. CWIP 1,442 1,168 Reserves 1,715 1,522 Long Term Loans & Advances 440 428 Shareholders' Funds 1,860 1,665 Secured Loans 132 40 Other Non Current Assets 475 336 Trade payables 85 7
Slide 20: Contact Us
Contact Us GPT Infraprojects Limited GPT Infraprojects Limited Atul Tantia Neha Marwah CIN: L20103WB1980PLC032872 [email protected] [email protected] GPT Centre JC-25, Sector-III, Salt Lake City Kolkata-700046, West Bengal Stellar IR Advisors Pvt. Ltd. (Investor Relations) +91 33 4050 7000 Ga