Gpt Infraprojects Limited · NSE:GPTINFRA
Gpt Infraprojects — Q4 FY2016 Earnings Presentation
26 slides from Gpt Infraprojects's earnings presentation, May 25, 2016
Slide 1: GPT Infraprojects Limited Business Update Presentation Q4 FY 2016
GPT Infraprojects Limited Business Update Presentation Q4 FY 2016 May 25, 2016
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 sec
Slide 3: Content
Content 1 Q4 FY 2016 Financial Highlights 2 Railways: Growth Prospects 3 About GPT Infraprojects 3
Slide 4: Q4 FY 2016 Financial Highlights
Q4 FY 2016 Financial Highlights
Slide 5: Q4 FY16 and FY16 Consolidated Financial Highlights
Q4 FY16 and FY16 Consolidated Financial Highlights INR Million Q4 '16 Q4 '15 YoY% FY16 FY15 YoY% Revenue 1,772 1,331 33.2% 5,021 3,898 29.3% Other Operating Income 2.3 8.0 -71.5% 6.8 21.8 -55.2% Net Sales 1,775 1,339 32.5% 5,028 3,920 29.0% Operating expenses 1,629 1,200 35.8% 4347 3309 31.4% EBITDA
Slide 6: Consolidated Balance Sheet
Consolidated Balance Sheet INR Million Mar’16 Mar’15 INR Million Mar’16 Mar’15 Share Capital 143 143 Fixed Assets incl. CWIP 1,168 1,318 Reserves 1,522 1,480 Long Term Loans & Advances 428 394.5 Shareholder's Funds 1,665 1,623 336 403.7 Other Non Current Assets Secured Loans 40 135 Total Non-Current
Slide 7: Revenue growth of 29% in FY16
Revenue growth of 29% in FY16 In INR Mn Revenue growth in the last four years +29.0% Strong uptick in revenues (29% YoY growth in FY16) 4831 5021 4528 on back of strong order inflow 3898 Increasing share of infrastructure business in total revenues in line with the company’s focus and with incre
Slide 8: Continued focus on profitability…
Continued focus on profitability… In INR Mn EBITDA and Margin PAT 13% 13% 15% 14% 137 680 123 639 608 590 63 41 2013 2014 2015 2016 2013 2014 2015 2016 EBITDA margin remains healthy even during tough market conditions by focusing on projects with better margins PAT of INR 123 mn in FY16 vis-à-vi
Slide 9: … with reduction in finance cost..
… with reduction in finance cost.. In INR Mn Finance charges Components FY 13 FY 14 FY 15 FY 16 407 Interest on borrowings 236 270 305 284 379 386 322 Interest on advances 41 65 70 61 Finance charges 45 44 32 41 Total 322 379 407 386 2013 2014 2015 2016 Finance charges as % of revenues Debt repaid
Slide 10: .. And improvement in working capital cycle
.. And improvement in working capital cycle Working Capital Days Working Capital (Days) Mar' 13 Mar’14 Mar’15 Mar’16 Debtor 83 71 81 60 Other Current Assets 123 161 192 150 238 Inventory 73 61 80 53 Creditors 95 102 115 94 191 184 169 Net WC Days 184 191 238 169 Working capital cycle stretched in
Slide 11: Diversified order book – over 75% from infrastructure
Diversified order book – over 75% from infrastructure In INR Mn Order book – INR 16.5 bn Top 5 infrastructure orders Order Project Description Client Value (INR Segment mn) Concrete Approach bridge for Sleepers RVNL 1,143 Burdwan ROB Railways 25% Track & ROB Flyover between South bridges Sankrail an
Slide 12: Railways: Growth Prospects
Railways: Growth Prospects
Slide 13: Growth Prospects: Revival in Railways
Growth Prospects: Revival in Railways Railway Capex Plan (FY16-20) INR bn Network decongestion (including DFC, electrification, doubling) 1,993 Network expansion (including electrification) 1,930 National projects (Northeastern & Kashmir connectivity projects) 390 Safety (track renewal, bridge works
Slide 14: Growth Prospects: DFCC opportunities
Growth Prospects: DFCC opportunities • Ministry of Railway’s commitment to build nearly 2,800 km dedicated freight corridors by 2022 to result in more DFC contracts • Sleepers manufacturing opportunity for GPT: » 1 km of DFC requires ~1,600 sleepers (with 6,000 km length spanning both ways, the oppo
Slide 15: Growth Prospects: Presence in Africa
Growth Prospects: Presence in Africa • Strong presence in Africa, where transportation and infrastructure demand is growing: » One among three suppliers in South Africa » Only supplier in Namibia • Key Growth driver for African railways: » Need for effective and integrated logistics to manage global
Slide 16: About GPT Infraprojects
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Slide 17: About GPT Infraprojects
About GPT Infraprojects Incorporated in 1980, GPT Infraprojects Limited is a fast-growing civil construction and manufacturing company based in Kolkata Employee strength of more than 1,000 including 100+ engineers GPT’s businesses are divided primarily into two segments: » Infrastructure: Invo
Slide 18: Clientele
Clientele Railways & PSUs NHAI, State PWDs, & Dept. Other Key Customers International customers RICON (a JV of RITES & IRCON) 18
Slide 19: Experienced Leadership Team
Experienced Leadership Team Name Designation Background DP Tantia Chairman 35 years experience in the infrastructure sector Leads Company's international initiatives Hony. Consul of Ghana in Kolkata SG Tantia Managing Director 28 years experience in infrastructure and civil construction sect
Slide 20: Supported by Professionals
Supported by Professionals Independent & Nominee Directors on the Board Name Designation Background Fellow Member of the Institute of Chartered Accounts of India Viswa Nath Purohit Independent Director Has LLB and FICA qualification 55 years of experience in Accounts, Finance and Taxation Re
Slide 21: Concrete Sleeper Business
Concrete Sleeper Business Commenced production in 1982 and became one of the earliest entrants in concrete sleepers for Indian Railways Key facility located at Panagarh, 160 km from Kolkata: » Plant production capacity of 480,000 sleepers is one of the largest in India » Manufacture concrete sle
Slide 22: Concrete Sleepers: Global Footprint
Concrete Sleepers: Global Footprint • Two orders for turnkey installation of concrete sleeper plants MYANMAR • Transfer of production technology, training and track design • Supplied Dual Gauge Concrete Sleepers for prestigious Jamuna Bridge BANGLADESH Rail Project • Recently supplied 300,000 MG sle
Slide 23: Infrastructure: Value Proposition
Infrastructure: Value Proposition CONCEPT-TO- • Executing work of 38 major road bridges under COMMISSIONING Tripura PWD on turnkey basis, i.e. including survey, OF COMPLEX design, engineering and construction INFRASTRUCTURE • BOT Annuity project from NHAI on Design & Build PROJECTS basis, including
Slide 24: Infrastructure: Core Areas
Infrastructure: Core Areas GPT’s Infrastructure Division executes civil infrastructure projects mainly in roads, railways and industrial infrastructure sectors for government sector clients Expanded execution capabilities and widened client base since commencement of infrastructure activities in
Slide 25: Growth Strategy
Growth Strategy • Improving working capital cycle through better payments from customers • Focus on trimming interest costs to improve Net Profit margin • Striving for challenging contract that need high degree engineering skill and offer higher margins • Growing business proportionately by leveragi
Slide 26: For any further information, please contact:
For any further information, please contact: GPT Infraprojects Ltd. Stellar IR Advisors Pvt. Ltd. CIN L20103WB1980PLC032872 U74900MH2014PTC259212 Name Atul Tantia Gaurang Vasani / Pooja Dokania [email protected] / Email [email protected] [email protected] Company website www.gptinfra.in