Sepc Limited · NSE:SEPC
Sepc — Shriram EPC — Shareholder Meeting (September 2015)
14 slides from Sepc's shareholder meeting presentation, Sep 24, 2015
Slide 1: Shriram EPC Ltd Presentation to AGM
Shriram EPC Ltd Presentation to AGM 24th September 2015
Slide 2: Company Snapshot
Company Snapshot Incorporated in 2000 with headquarters in Chennai High-end engineering services company providing EPC & Turnkey solutions Manpower & Infrastructure • 590 employees • 425 engineers & technical staff • Office in Kolkata
Slide 3: Business Areas
Business Areas SHRIRAM EPC Process & Water Metallurgy Power Infrastructure Steel plants Biomass Water & Sewage Coal Gasification Treatment Plants Thermal Process Based Underground Plants Drainage System Solar Water Mineral Process Distribution Wind Plants Pipe Rehabilitation Mine Development
Slide 4: Process & Metallurgy
We Process & Metallurgy Shriram/epc Engineering the future
Slide 5: Power
Shriramfvepc Engineering the future BOILER UNIT - 11
Slide 6: Water Infrastructure
Water Infrastructure Shriramvepc Engineering the future
Slide 7: Current status
Current status • Order book of over Rs.1600 crores • Includes only active projects which are financially closed • Primarily orders in – Process and metallurgy – Municipal services
Slide 8: Status of industry
Status of industry • The infra industry is going through extremely tough times • Projects have been delayed all across India • Hardening of interest rates and extended working capital cycle • New Private investment decisions have been very slow • Government infra spending has not yet recovered
Slide 9: Company specific issues: Basra project
Company specific issues Basra project • Company had taken a 235 million USD project for Basra (Iraq) governorate. • Project was secured 100% by an LC from the governorate of Basra • Project was unilaterally cancelled by the governor in January 2014 • Claim has also been lodged with ECGC
Slide 10: Company specific issues: Abhijeet project
Company specific issues Abhijeet project • Company was executing an order for 50 MW Solar Thermal power project in Rajasthan for Abhijeet group • Project suspended as bankers withdrew support • Lenders appointed M/s SBI Caps to find a suitable investor to take over the project. • SBI Caps is in the
Slide 11: Company specific issues: Debt Restructuring
Company specific issues Debt Restructuring • The company restructured its debts during the FY 2014-15. • The process took around 6 months which resulted in the lower sales as bank limits were not available • Promoters infused Rs 210 crores towards equity contribution • Bankers have decided to conver
Slide 12: Outlook
Outlook • Gradual increase in economic activity is expected in 2015. • Medium term to long term growth prospects look positive • Focus on sanitation and water is very positive for Shriram EPC • Entering new lines of business • International market- Middle East and Africa look promising
Slide 13: Outlook
Outlook • Government capex in some states has returned • Municipal services – Telengana, Andhra Pradesh, Delhi • Mining • Power- State electricity boards and NTPC • Solar
Slide 14: Thank You
Thank You