Kridhan Infra Limited 19th November, 2018 To, To, The BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, C- 1, Block G, Bandra Kurla Complex, Bandra(E), Dalal Street, Fort, Mumbai 400001 . Mumbai 400051. Ref: Scrip Code: 533482 Ref: Symbol: KRIDHANINF Subject: Submission of Investors Presentation for Q2FY2019. Dear Sir/ Madam, We refer the above subject and Regulation 30 of SEBI (Li sting Obligations and Disclosure Requirements) Regulations, 2015 and submit herewith Investors Presentation for Q2FY2019. Kindly take same on your record. Thanking You, Yours Faithfully, For Kridhan Infra Limited Jyoti Gade Company Secretary Encl: As above Regd. Offi ce : 203, Joshi Chambers, Ahmedabad Street, Carnac Sunder, Masjid (East), Mumbai - 4 00009 . Corp. Office: Unit No . 104, Samarp an Complex, Opp. Solitaire Park, Guru Hargovindji Road, Beside Mirador Hote l, Chakala, Andheri (East ), Mumbai-400 099. Tel.: +9122 49739933 / 67427914 Works: Village Vanwathe, Khopoli-Pen Road, Post - Donwat, Tai.: Khalapur, Dist. Raigad - 410 203 . Telefax: 02192 278194; Tel.: 02192 278163 e-mail: info@kridhan.com; Website: www.kridhan.com, CIN: L27100MH2006PLC160602
Kridhan Infra Limited INVESTOR PRESENTATION | Q2FY19
Disclaimer This presentation contains forward-looking statements which may be identified by their use of words like “ plans, ” “ expects, ” “ will, ” “ anticipates, ” “ believes, ” “ intends, ” “ projects, ” “ estimates ” or other words of similar meaning. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, product development, market position, expenditures, and financial results, are forward-looking statements. Forward-looking statements are based on certain assumptions and expectations of future events. The companies referred to in this presentation cannot guarantee that these assumptions and expectations are accurate or will be realized. The actual results, performance or achievements, could thus differ materially from those projected in any such forward-looking statements. These companies assume no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent developments, information or events, or otherwise. 2
Q2FY19 Highlights & Strategic Review
Agenda 1. Introduction Slide No. 5 2. H1FY19 Highlights Slide No. 6-12 Guidance & Company Overview Slide No. 13-16 3. Slide No. 17-22 4. Appendix – Company Highlights 4
Kridhan: Strategically Positioned EPC company A Leading Engineering, Procurement Kridhan Infra Limited Singapore, I India ia, Ma Malaysia ia, I Indonesia ia and Construction Company in Asean (Listed on BSE and NSE) 300+ 300+Projects C Comple leted Strong Project Execution Skill Bid f for unlim imit ited v valu lue o of projects Prestigious L6 Certification from BCA in F Foundatio ion Eng ngg. 41.47% 52.44% 100% Swee Ho Hong g – Sing ngapore E EPC C company w with s strong p pedigr igree Strategic Acquisitions Expand Singapore Singapore India EPC VNC C – 35+ 35+ years o of operatio ions in Opportunities EPC FE (Vijay (Swee Hong) (KH Foges) Indi ndia Nirman) 2 nd Largest • Pedigreed EPC • Premier home- • player with more grown Singaporean Foundation 2,300+ 2, 300+ (incl. V VNC) Strong workforce than 3 decades of EPC company Engineering experience & a • Listed on Singapore Company in strong Stock Exchange Singapore management • Completed marquee • Prestigious L6 Pili ling team projects like certification Rigs gs, C Cranes, E Excavators, Mi Micro- Large Fleet of Equipment • Completed 400+ Gardens By the Bay projects tunnelling m machines 5
Q2FY19: Financial H Highlights Revenue (INR Mn) Pre Exceptional PAT MI (INR Mn) EBITDA (INR Mn) & EBITDA Margin (%) 14% 14% 2,121 173 297 1,929 14. 14.8% 127 255 Q2FY18 Q2FY19 Q2FY18 Q2FY19 Q2FY18 Q2FY19 Reported Q2 Revenue and EBITDA numbers do not include contribution from India EPC Business; o PAT MI includes VNC numbers as an associate Q2 saw strong operating and financial performance at Singapore EPC and VNC business Swee Hong financial performance impacted as legacy pre acquisition orders are nearing completion o Aggressive new bid pipeline just about beginning to convert into new orders 6
Q2 F FY19 Financi cial P Performance ce INR Mn Q2FY19 Q2FY18 Y-o-Y% Revenue 1,719 2,121 -19% Expenses 1,601 1,996 -20% EBITDA 255 298 -14% EBITDA Margin 15% 14% 6% Depreciation 103 131 -21% Finance Cost 34 42 -19% Other Income 31 31 0% Exceptional Items -29 - PBT 120 156 -23% Tax 0 20 -98% Share of Profit/Loss from Associate 25 - Minority Interest -1 -9 -89% Attributable Profit 144 127 13% EPS 1.5 1.8 -16% 7
H1 F FY19 F Financial al Performan ance INR Mn H1FY19 H1FY18 Y-o-Y% FY18 Revenue 3,648 3,974 -8% 7,125 Expenses 3,398 3,749 -9% 6,599 EBITDA 536 548 -2% 1,095 EBITDA Margin 15% 14% 6% 15% Depreciation 200 252 -21% 408 Finance Cost 86 72 20% 162 Other Income 59 54 10% 77 Exceptional Items -66 -4 1786% - PBT 243 275 -11% -163 Tax 15 32 -53% -48 Share of Profit/Loss from Associate 62 - 4 Minority Interest -8 -11 -25% -24 Attributable Profit 282 232 22% 531 8
H1 FY19 : VNC integration drives strong performance Strong Growth FY19 Gu Y19 Guidance INR 38 bn Total Or Order B Book ook Consolid lidated R Revenue: I INR 18 18-20 20 billio lion INR 11+ bn Order der W Wins ns i in H1FY FY19 19 India EPC revenue: INR 12-13 o Order w wins si s since e end nd of Q2 2 FY FY19 19 INR 3.6 bn billion SG EPC revenue: INR 1.5-2 o billion India E EPC PC Book ook to B o Bill l 3.3x SG FE revenue: INR 4-5 billion o Solid Execution – Proforma Consolidated Numbers.* Consolid lidated E EBITDA: I INR 2. 2.1-2. 2.5 5 billio lion INR 8,370 mn Reve venue nue EBITDA Margin:12%-13% o EBITDA EBI INR 1,059 mn Consolid lidated P PAT: I INR 0. 0.75 75–0. 0.9 9 billio lion INR 336 mn Pre E Exceptional al PAT M MI 9 *In calculating proforma numbers, Kridhan is assumed to hold 50.5% stake in VNC
Strong Order Inflows across business India: V VNC Current Or Order B Book ook Brea eak-up up IN Q Q1FY 1FY19 INR 7,800+ million (Pr Prof ofor orma B Basis: I INR 38 billion lion) Structural work for Vishakhapatnam Road worth INR 1,800 o million In Q Q2FY FY19 19 SG EPC, 5% Construction order at IGI Airport worth INR 742 million SG o FE, 11% In 51% JV, won order worth 2,226 million for NH 167 o Civil works order for Gorakhpur Fertiliser Plant worth 1,326 o million Central Public Works Department worth INR 1,740 million o Purvanchal Expressway (Package – 5) worth INR 1,670 million o Singa gapore India EPC IN H H1FY FY19 19 INR 3,211 million (VNC), 84 KH Foges: Piling contract worth INR 1,340 million (SG$ 27 o % million) Swee Hong: Public Utilities Board contract worth INR 566 o million (SG$ 11.3 million) New ew o order er wins ns sinc nce e e end o d of the he quarter er IN Q Q2FY FY19 19 INR 3. 3.6 bn 6 bn KH Foges: 2 piling contracts worth INR 1,305 million o (SG$24.63 million) 10
Indi ndia E EPC C (VN VNC) i C) in n Q2 Q2FY FY19 – On On a a S Solid Growt wth Path Operati tional H High ghligh ghts ts VNC Order Book Breakup (INR 32+ billion) Won new orders worth INR 7.8 bn during H1FY19 Significantly strengthened Balance Sheet after equity infusion from Affordable Kridhan Infra Housing Roads & 26% Bridges 37% Wa Way F Forward Railways On track towards achieving INR 12-13 billion in revenue in FY19 5% Working towards consolidating Kridhan’s stake in the business Commercial Infra Residential 12% Building Industrial Infra 14% 6% INR NR Mi Millio lion H1F 1FY19 19 H1F 1FY18 18 Change nge % % FY18 18 Revenue 4,721 3,601 31% 8,771 EBITDA 523 411 27% 803 EBITDA Margin 11.1% 11.4% 9.2% PAT 149 41 262% 102 11
Singap apore P Performan ance U Update KH H Fo Foges Swee H e Hong Strong order book growth Pre acquisition legacy orders are nearing Won new piling orders worth SG$24.6 million in completion Phase I of a large contract at Swee Hong Q2FY19 Commenced construction at key projects commissioned on 28th Oct. Strong bid pipeline of over SGD 200 mn H1FY1 H1 Y19 ( (INR M Mn) KH F H Foge ges ( (FE) Swee Ho Hong ( g (EPC) Revenue 2,736 691 EBITDA 386 82 EBITDA Margin 14% 12% PBT 119 17 12
Guidance & Overview
FY19 Strategic Priorities and Guidance St Strategic ic P Pri riori ritie ies FY19 FY19 Gui Guidance Cons nsolidated ed R Reven evenue: e: INR 1 18-20 b 0 billion Consolida idate V VNC a as a majority o owne ned d Subsidiary o India EPC revenue: INR 12-13 billion o SG EPC revenue: INR 1.5-2 billion o SG FE revenue: INR 4-5 billion Strengthen I n Indi ndia EPC PC EBITD TDA: : INR 2 2.1-2.5 b 5 billion o EBITDA Margin:12%-13% Grow S Sing ngapore E EPC PC bus busine ness PAT: I INR 0. 0.75 75–0. 0.9 b 9 billion 14
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