Gayatri Projects Limited · NSE:GAYAPROJ
Gayatri Projects — FY2016 Earnings Presentation
31 slides from Gayatri Projects's earnings presentation, Jun 13, 2016
Slide 1: Cover letter to stock exchanges
Oy GAYATRI 13" June, 2016 To, To, ‘The General Manager, The Secretary, The Department of Corporate Relations, The Bombay Stock Exchange Limited., 25" Floor, Phiroz Jeejeebhoy Towers, Dalal Street, Mumbai — 400 001 National Stock Exchange of India Ltd. 5" Floor, Exchange Plaza Plot No.C/1, G Block Ba
Slide 2: Q4 & FY16 Results Presentation
Q4 & FY16 Results Presentation i June, 2016
Slide 3: Disclaimer
Disclaimer Some of the statements in this presentation that are not historical facts are forward looking statements. These forward‐looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business an
Slide 4: Index
Index Financial Highlights – Q4 & FY16 Order Book FY16 Developments Project Updates Asset‐holding Subsidiaries Outlook About Us 3 Copyright 2016 Gayatri Project Ltd
Slide 5: Financial Highlights – Q4 & FY16
Financial Highlights – Q4 & FY16 Order Book FY16 Developments Project Updates Asset‐holding Subsidiaries Outlook About Us 4 Copyright 2016 Gayatri Project Ltd
Slide 6: FY16 Financial Performance – At a Glance
FY16 Financial Performance – At a Glance +13% +25% +166% REVENUE EBITDA PAT ORDER BOOK* Rs.1,812cr Rs.260cr Rs.59cr Rs.10,974cr * As of May, 2016 5 Copyright 2016 Gayatri Project Ltd
Slide 7: Recent Developments
Recent Developments • Bagged orders worth Rs.5,313 crore plus during the year; total unexecuted order stands at Rs.10,974 crore as of March 2016. • Thermal PowerTech Corporation India Limited (TPCIL, (TPCIL 1320 MW) fully commissioned – Signed long term PPA with Telangana for 570 MW – Project has se
Slide 8: Q4 & FY16 Highlights
Q4 & FY16 Highlights Figs. In crore REVENUE EBITDA 1,812 260 1,601 208 560 668 92 75 393 422 33 60 306 317 48 50 342 405 52 58 FY15 FY16 FY15 FY16 PAT 59 • Revenue growth of 13% for the year despite almost nil revenue booking from 11 29 projects worth Rs.5300 cr (half the current 22 order book) won
Slide 9: M.D.'s Comments
M.D.’s Comments Commenting on the results, Mr. Sandeep Kumar Reddy, Managing Director, Gayatri Projects Limited said “FY 16 has been a exciting and eventful year for us, marked by improved operational and financial performance. During the year we made significant headway across all our businesses: c
Slide 10: Order Book
Financial Highlights – Q4 & FY16 Order Book FY16 Developments Project Updates Asset‐holding Subsidiaries Outlook About Us 9 Copyright 2016 Gayatri Project Ltd
Slide 11: Order Book Update
Order Book Update Order Book ‐ Details • Order‐book accretion gathers pace. New orders worth Rs.1100Cr were picked up during the quarter – with order order‐ backlog of Rs.10,974Cr at the end of the year o Orders picked‐up across Road (North‐east), Railway Order Book – Break Up (Western India) & Mini
Slide 12: Current Year Developments
Current Year Developments Financial Highlights g g –Q Q4 & FY16 Order Book FY16 Developments Project Updates Asset‐holding Subsidiaries Outlook About Us 11 Copyright 2016 Gayatri Project Ltd
Slide 13: Current Year Developments
Current Year Developments 1 St Strong order d iinflows fl Entering Newer Segments: Under‐ Under ground Mining 2 Services Power Genco Asset Holding Structure Optimised – 3 Call option written by Sembcorp 4 Renewed Strategy for Road Assets 12 Copyright 2016 Gayatri Project Ltd
Slide 14: EPC Biz – Strong Order Inflows double back-log
EPC Biz – Strong Order Inflows double back‐log • Bagged multiple orders worth more than Rs.5,300 crore almost doubles backlog to Rs.11,000 crore Railways Roaad Division Mining WaterGrid •6 new Road •JV with L&T •Company’s first •New foray into construction bagged a large foray into the fast under‐gr
Slide 15: Foray in Under-ground Mining Services
Foray in Under‐ground Mining Services • Significant growth potential for under‐ground mining in India o Government's 2020 target for 1bn mtpa coal extraction by CIL includes 100mtpa for under‐ground mining (vs. current levels of just 37mtpa) • Growth likely to be driven by large scale private partic
Slide 16: Optimization of Power Genco Asset Holding Structure – Sembcorp Call Option
Optimization Of Power Genco Asset Holding Structure ‐ Sembcorp Call Option GEVL was initially planning to increase stake in power generation subsidiaries (TPCIL, SGPL, 2640MW) to 30% each by raising capital through mezzanine funding. That plan has been aborted and a call option structure has been ne
Slide 17: Renewed Strategy for Road Assets
Renewed Strategy for Road Assets • Management decides on monetizing / corporate restructuring of road assets • Board contemplating hiving off entire road development business as separate entity • Working towards adopting “Asset light approach” Divests Di t stake t k in i Western W t UP Tollway T ll
Slide 18: Project Updates
Financial Highlights g g –Q Q4 & FY16 Order Book FY16 Developments Project Updates Asset‐holding Subsidiaries Outlook About Us 17 Copyright 2016 Gayatri Project Ltd
Slide 19: TPCIL's 1,320 MW comes online
TPCIL’s 1,320 MW comes online Project Description 1,320 MW Thermal Power Plant • Unit 1 (660 MW) • Unit 2 (660 MW) • Production Update • Fully operational since May, • Commenced commercial • The plants operated at 83% 2015 production d ti in i 2nd 2 d weekk PLF iin Q4 on Sept, 2015 • Consistently op
Slide 20: Sembcorp Gayatri Power Project – On Track
Sembcorp Gayatri Power Project "(Formerly NCCPPL)" – On Track Project Description 1,320 MW Thermal Power Plant • 1st 660MW unit was synchronized with the grid in last week of May • 2nd 660MW unit should be commissioned over next 3‐4 months • PPA – 500MW is close to finalization with AP Discoms, Comp
Slide 21: Asset-holding Subsidiaries
Financial Highlights g g –Q Q4 & FY16 Order Book FY16 Developments Project Updates Asset‐holding Subsidiaries Outlook About Us 20 Copyright 2016 Gayatri Project Ltd
Slide 22: Development of Road Assets
Development of Road Assets Portfolio Summary • Gayatri Infra Ventures Ltd, a Concession subsidiary of Gayatri Projects GIVL Length Annuity Based Projects Status COD Period Stake (kms) Ltd dedicated towards (Years) development of road assets Gayatri Jhansi Roadways Limited PCC 51% Jun 2010 20 50.0 (G
Slide 23: Development of Power Assets
Development of Power Assets Portfolio Summary Sembcorp Gayatri • Incorporated in 2008, Gayatri Energy Ventures Ltd is a wholly owned subsidiary of Gayatri Projects TPCIL Power Project "(Formerly NCCPPL)" • Current C t Portfolio: P tf li Capacity 1,320 Mw (2x660 Mw) 1,320 Mw (2x660 Mw) o TPCIL (13% G
Slide 24: Outlook
Financial Highlights g g –Q Q4 & FY16 Order Book FY16 Developments Project Updates Asset‐holding Subsidiaries Outlook About Us 23 Copyright 2016 Gayatri Project Ltd
Slide 25: Outlook
Outlook • Government’s efforts towards reviving investment climate by stepping up infrastructure spend is likely to ensure continued addition to our already CONSTRUCTION strong order book. We have achieved L1 positions in projects in Roads, Railways, Industrial & Water sectors in recent past ‐ and h
Slide 26: About Us
Financial Highlights g g –Q Q4 & FY16 Order Book FY16 Developments Project Updates Asset‐holding Subsidiaries Outlook About Us 25 Copyright 2016 Gayatri Project Ltd
Slide 27: About Us
About Us • Gayatri Projects Limited (Parent Company) core construction Company Company Structure • Dedicated subsidiaries to focus on Road and Power segment Gayatri y Projects j Ltd. Development of Road Assets: o GIVL, dedicated towards development of road assets Core Construction Development of Dev
Slide 28: Gayatri Projects – Construction arm
Gayatri Projects – Construction arm • Core Construction Company with a Pan India Presence • Rich DNA of almost 50 years’ experience in Project execution • Strong St order d book b k off Rs.10,974 R 10 974 cr as on May M ’16 • Client list includes several leading names including NHAI, AAI, Nalco, Tat
Slide 29: Financial Performance at a Glance
Financial Performance at a Glance… Figs. In crore Sales EBITDA 300 260 1 813 1,813 1 812 1,812 1,601 208 FY14 FY15 FY16 FY14 FY15 FY16 PAT 59 48 22 FY14 FY15 FY16 28 Copyright 2016 Gayatri Project Ltd
Slide 30: For further information please contact
For further information please contact: K.G. K G NNaidu id (Vice (Vi President‐Finance) P id t Fi ) G i D Gavin Desa / Suraj S j Digawalekar Di l k Gayatri Projects Limited CDR India Tel: +91 40 23310330/23314284/4296 Tel: +91 22 66451237 / 66451235 Email: [email protected] Fax: +91 22 66451213
Slide 31: Company overview and divisional information
Share Price Rs.578 Market Cap Rs.2,024cr Overview Gayatri Projects Limited is a well‐established EPC contractor with more than 50 years of experience in construction of Roads, Irrigation, Industrial & Power Transmission projects across India. It separately owns Power Generation Assets and BOT Road A