KEC International Ltd. · NSE:KEC
KEC International — Q4 FY23 Earnings Presentation
27 slides from KEC International's earnings presentation, May 4, 2023
Slide 1: Exchange filing cover letter
KEC INTERNATIONAL LTD. RPG House 463, Dr. Annie Besant Road Worli, Mumbai 400030, India +91 22 66670200 [email protected] www.kecrpg.com May 03, 2023 National Stock Exchange of India Limited BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Fort Bandra (East),
Slide 2: Financial Performance for Quarter & Year Ended 31 March 2023
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 & YEAR ENDED 31 MARCH 2023 KEC delivers Robust Revenue growth of 29% YoY in Q4 FY23 and 26% YoY in FY23 Higher ever Order Intak
Slide 3: Standalone Financial Performance; Order Intake and Order Book
Standalone Financial Performance: Q4 FY23 v/s Q4 FY22 (Excluding Exceptional Item*) FY23 v/s FY22 (Excluding Exceptional Item*) Revenue: Rs. 4,961 crore against Rs. 3,878 crore Revenue: Rs. 15,413 crore against Rs. 12,573 crore EBITDA: Rs. 206 crore against Rs. 282 crore EBITDA: Rs. 850 crore agains
Slide 4: Consolidated Net Debt and Net Working Capital; Dividend
Consolidated Net Debt and Net Working Capital: − Net Debt including Acceptances stand at Rs. 4,985 crore as on 31st Mar’23 against Rs. 4,765 crore as on 31st Mar’22 despite a Revenue increase of ~Rs. 3,500 crore, a growth of 26% YoY. − Net Working Capital (NWC) stands at 118 days as on 31st Mar’23 –
Slide 5: KEC International Limited – Q4 FY23 May
KEC International Limited Investor Presentation – Q4 FY23 0 3 Ma y 2 0 2 3 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 Substation project at Nicaragua 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+ 300+ $2.1 8 9500+ 35+ DECADES BILLION ONGOING MANUFACTURING OF EXPERIENCE COUNTRIES FACILITIES EMPLOYEES NATIONALITIES &
Slide 10: Diverse Portfolio of Offerings
Diverse Portfolio of Offerings Transmission lines Substations Underground Cabling Solar Plant Smart City OHE Track Laying S&T Railway bridges Stations & Platforms Metros - Tech Tunnel Ventilation Depot & Workshops Speed Upradation TCAS - Kavach Factories Buildings Metros – Viaduct & Stations Water E
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 Nagesh
Slide 13: Key Performance Highlights
2 Key Performance Highlights 400 kV Padma River Transmission line, Bangladesh 9
Slide 14: Performance Snapshot – Q4 & FY23
Performance Snapshot – Q4 & FY23 Revenues • Robust Consolidated growth YoY; 29% in Q4 and 26% in FY23 • Healthy growth in both T&D as well as Non T&D businesses Order Book • FY23 order intake growth of 30% – Highest ever order inflows of Rs. 22,378 Cr - Led by T&D, Civil and Railways • Order Book +
Slide 15: Key Business Highlights – FY23
Key Business Highlights – FY23 T&D Railways Civil • Achieved Revenues of Rs. 8,809 Cr in FY23, stellar • Delivered Revenues of Rs. 3,701 Cr in FY23 • Exponential Growth trajectory continues growth of 27% YoY • Order intake of ~Rs. 2,900 Cr; growth of Revenues of Rs. 3,319 Cr, growth of 75% YoY • FY2
Slide 16: Financial Performance
3 Financial Performance Piling works at Delhi Metro project 12
Slide 17: Profit and Loss Summary (Consolidated)
Profit and Loss Summary (Consolidated) Q4 Full Year (₹ crore) Particulars Growth Growth FY23 FY22 FY23 FY22 (Y-o-Y) (Y-o-Y) Revenues 5,525 4,275 29% 17,282 13,742 26% EBITDA 283 252 13% 830 904 -8% EBITDA Margins 5.1% 5.9% 4.8% 6.6% (+) Other Income 6 3 31 13 (-) Depreciation 42 42 161 158 (-) Inter
Slide 18: Profit and Loss Summary (Standalone)
Profit and Loss Summary (Standalone) Q4 Full Year (₹ crore) Particulars Growth Growth FY23 FY22 FY23 FY22 (Y-o-Y) (Y-o-Y) Revenues 4,961 3,878 28% 15,413 12,573 23% EBITDA 206 282 -27% 850 1,129 -25% EBITDA Margins 4.2% 7.3% 5.5% 9.0% (+) Other Income 8 6 37 19 (-) Depreciation 32 33 127 123 (-) Int
Slide 19: Businesswise Revenue Performance (Consolidated)
Businesswise Revenue Performance (Consolidated) (₹ crore) Q4 Full Year Business Verticals Growth Growth FY23 FY22 FY23 FY22 (Y-o-Y) (Y-o-Y) T&D: 2,772 1,947 42% 8,809 6,956 27% - T&D (KEC) 2,379 1,694 40% 7,485 6,072 23% - SAE Towers 393 253 55% 1,324 884 50% Non T&D: 2,967 2,556 16% 9,117 7,462 22%
Slide 20: Borrowings & Working Capital (Consolidated)
Borrowings & Working Capital (Consolidated) Increase/ Increase/ (₹ crore) Particulars 31-Mar-23 31-Mar-22 (Decrease) 31-Dec-22 (Decrease) YoY QoQ I) Net Debt 2,872 2,613 259 3,432 -561 II) Interest Bearing Acceptances 2,113 2,152 -39 2,185 -71 Total (I + II) 4,985 4,765 220 5,617 -632 ❑ With dedicat
Slide 21: Order Intake & Order Book (Consolidated)
Order Intake & Order Book (Consolidated) Order Intake – FY23 Order Book – 31 March’23 T&D : 40% SAE : 7% T&D: 42% SAE : 5% 2% 2% 3% 1% 5% 3% 1% 13% 13% Order Intake Order Book Rs 22,378 Crs Rs 30,553 Crs 47% 47% (Growth of ~30%) (Growth of ~29%) 30% 33% T&D Civil Railways Cables Solar Oil & Gas T&D
Slide 22: Business Outlook – Exciting Times Ahead
Business Outlook – Exciting Times Ahead TAILWINDS HEADWINDS • Government’s thrust on Infrastructure continues • Fears looming of world-wide recession • Enhanced GCC capex backed by oil prices • Significant increase in interest rates • National Green Hydrogen mission approved - Consequential • Volati
Slide 23: Environmental, Social and Governance (ESG)
4 Environmental, Social and Governance (ESG) Drafting and loom setup training with a batch of 31 women in Nagpur
Slide 24: Our Progress So Far…
Our Progress So Far… FY 2021 FY 2022 FY 2023 ✓ Developed ESG & Sustainability ✓ Several ESG initiatives deployed ✓ Widened the scope of CSR committee strategy in consultation with EY especially in factories to cover ESG & Sustainability and renamed as ‘Sustainability and CSR ▪ Materiality assessment
Slide 25: 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 26: Sustainability Roadmap – Key Initiatives and Approach
Sustainability Roadmap – Key Initiatives and Approach • Action planning workshops across businesses to • Installation of Bio-Digester - conversion of increase Happiness Quotient Human waste and Domestic waste into Fertilizer Happiness Circularity and Gardening water Quotient • Announced MD-CEO Award
Slide 27: 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