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Capacit'e Infraprojects Limited Investor Presentation 2021
60832_rns_2021-08-10_ce82d5eb-3dac-4338-b34f-922b7811d720.pdf
Investor Presentation
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Ref :CIUSTEX g}te1Fyz2 Date : August 10,2021
To
| Corporate relation Dept,P.J. Towers,Dalal Street, Fort, | National Stock Exchange of lndia LimitedPlot No. Cl1, G Block,Bandra Kurla GomplexBandra (East) |
|---|---|
| Mumbai-400 001Code - /Scrip td: S4OZIOICAPACITE | Mumbai-400 051 |
| Scrip Symbol: CApACITE |
Dear Sir/ Madam
Purs.uant to Regulation 30 and other respective regulations of SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015, pleaie find enclosed lnvestor presentation.
This is to further inform that the lnvestor Presentation has been uploaded on the website of the Company www.capacite.in and is also available on the websites of the Stock Exchanges for your information and also for the information of the public at large.
This is for your information and records.
Yours Sincerely For CAPACIT'E TNFRAPROJECTS LtM|TED
Varsha trlalkani Company Secretary and
Brigade Group - World Trade Centre, Chennai
Capacit'e Infraprojects Ltd. On a Long-term Growth Path…
Investor Presentation Q1 FY22 August 2021
1
This presentation and the accompanying slides (the "Presentation"), which have been prepared by Capacit'e Infraprojects Ltd. (the "Company"), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
This presentation contains certain forward-looking statements concerning the Company's future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward-looking statements become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the Company.
Q1FY22 Standalone Performance
Our Strategic focus… scale up execution
Q1FY22 performance impacted by Covid lockdown
Revenue from Operations (₹ In Crs)
- ✓ Q1FY22 performance impacted due to lockdown restriction
- ✓ Witnessed gradual improvement in execution from June Onwards
- ✓ Initiation of Growth Phase in FY22 and achieving peak revenue potential with current Order book visibility
EBITDA and PAT…disrupted by lockdown impact
Normalcy in execution from June onwards, Labour availability back to normalcy
Q1 FY22 Financial highlights
Q1 FY22 Standalone Profit & Loss
| Particulars (₹ In Crs) | Q1FY22 | Q1FY21 | Y-o-Y | Q4FY21 | Q-o-Q | FY21 |
|---|---|---|---|---|---|---|
| Revenue from Operations | 280.0 | 23.7 | 10.8x | 369.0 | -24.1% | 879.7 |
| Other Income | 2.4 | 5.1 | 12.1 | 28.7 | ||
| Total Income | 282.4 | 28.8 | 8.8x | 381.0 | -25.9% | 908.4 |
| Cost of Material Consumed (Incl. Construction Expenses) | 194.2 | 19.3 | 266.2 | 602.2 | ||
| Employee Expenses | 25.9 | 15.0 | 26.0 | 78.8 | ||
| Other Expenses | 20.5 | 12.9 | 10.3 | 62.2 | ||
| EBITDA | 41.8 | -18.4 | - | 78.5 | -46.7% | 165.2 |
| EBITDA Margin (%) | 14.8% | - | 20.6% | 18.2% | ||
| Depreciation | 20.4 | 16.2 | 26.4 | 90.2 | ||
| Finance Cost | 15.7 | 20.3 | 19.0 | 70.3 | ||
| Profit before Tax | 5.8 | -54.9 | - | 33.1 | -82.6% | 4.8 |
| Profit before Tax Margin (%) | 2.0% | - | 8.7% | 0.5% | ||
| Tax | 1.5 | -12.5 | 8.7 | 3.0 | ||
| Profit After Tax | 4.3 | -42.4 | - | 24.4 | -82.4% | 1.8 |
| PAT Margin (%) | 1.5% | - | 6.4% | 0.2% | ||
| Cash PAT* | 25.5 | -38.6 | - | 52.3 | -51.2% | 88.9 |
| Cash PAT Margin | 9.0% | - | 13.7% | 9.8% | ||
| Diluted EPS | 0.63 | -6.24 | 3.59 | 0.26 |
Strengthening Balance Sheet…
Target to be Debt free by FY23
- ✓ Witnessed robust cash flow management
- ✓ Debtors including retention monies has stabilized
- ✓ All Debtors are having healthy cash flows
- ✓ Collected ₹ 270 crores in Q1FY22
Order Book Details as on 30th June 2021
Transforming Vision into reality
11
Healthy Order Book to support Revenue uptick
- ✓ Diversified Orderbook across clientele
- ✓ Execution focus on projects for marquee clients in private & public sector, profitable working capital cycle and projects with last mile completion work
- ✓ Marquee names in Orderbook:
- ✓ PWD
- ✓ CIDCO
- ✓ Raymond Limited
- ✓ K Raheja Corp with GIC Singapore
- ✓ Phoenix Market City with Canadian Pension Fund
Total Order Book ~₹ 8,871 Crs
Our pace of execution was initially challenged at the start of the pandemic. We have regained our pace of execution and going forward, expect to book a major chunk portion of our orderbook
We have implemented stringent cost control policies. Various initiative have been started with a focus to increase our bottom line.
13
01
Government Push
Government focus on infrastructure creation coupled with favourable policies for the Real estate sector augurs well and will provide sustained uptick in execution over the next few quarters
Consolidation
Consolidation in the private sector will further intensify as stronger players will become more stronger by gaining market share
FDI Inflow
02
Indian real estate attracted U$ 5 billion institutional investments in 2020, equivalent to 93% of transactions recorded in the previous year. Investments from private equity (PE) players and VC funds reached US$ 4.06 billion in CY 2020
Attractive Opportunities
03
Growing requirement of space from sector such as education & healthcare, E-commerce and logistics offers various opportunities
Lower Rates
04
Lower Home loan rates coupled with lower regulatory charges in form of stamp duty has fueled real estate sales proving much needed stimulus for the housing industry
05
Our Business Model
Developed our service portfolio by capturing the complexities …
CAPACIT'E is unlike a commoditized construction company… "We do our business DIFFERENTLY"
Hybrid Service Portfolio = Private + Public
✓ Hybrid Service Portfolio comprising of an elite clientele from Private & Public sector, provides revenue & cash flow visibility On A LONG TERM GROWTH PATH …
Hybrid Service Portfolio – Builds Diversity
Strategic Priorities
Work with Large and Liquid public & private sector Clients, thereby strengthening our Revenue Visibility
Deepen the culture of account driven approach, in which we mine our clients for more projects, which increases our wallet share, and helps transform an individual client into a sustainable revenue generating 'platform' Marquee Clientele Account Groups Design & Build Lean Balance Sheet Cash Flows
Design & Build projects,
attracting lump sum remuneration, has potential to increase the scope of services and corresponding revenues enhancing recall, market share and project control
Most sustainable companies have less debt and high net worth; we expect to be net debt-free in the
foreseeable future
Strong Cash Flow Focus leading to shortening receivables, moderating debt, investing in technologies that accelerate construction and graduate to superior margin Projects
Our vision is to be among the top three leading building construction companies in the geographies of our presence, evoking the recall of
'THINK CONSTRUCTION, THINK CAPACIT'E'
World Trade Center – Brigade Group
Our Creation (1/5)
Lodha – The Park Piramal – Mahalaxmi
Oberoi - Juhu Bungalow
Our Creation (2/5)
Our Creation (3/5)
Our Creation (4/5)
Neelkantha - Thane Godrej Emerald
Our Creation (5/5)
Lodha - Splendora Hiranandani – The Park
Key Delivered Marquee Projects
Strong Financials to Achieve Growth
On A Long-Term Growth Path…
Robust Order Book making us ready…for the future growth…
Profit & Loss Statement
| Particulars (₹In Crs) | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|
| Revenue from Operations | 880 | 1,529 | 1,788 | 1,336 |
| Other Income | 29 | 25 | 37 | 24 |
| Total Income | 908 | 1,554 | 1825 | 1,360 |
| Cost of Material Consumed (Incl. Construction Expenses) | 602 | 1,064 | 1,320 | 966 |
| Employee Expenses | 79 | 137 | 146 | 117 |
| Other Expenses | 62 | 71 | 73 | 49 |
| EBITDA | 165 | 282 | 285 | 228 |
| EBITDA Margin (%) | 18.2% | 18.2% | 15.6% | 16.7% |
| Depreciation | 90 | 114 | 89 | 67 |
| Finance Cost | 70 | 65 | 49 | 40 |
| Profit before Tax | 5 | 103 | 147 | 121 |
| Tax | 3 | 12 | 52 | 42 |
| Profit After Tax | 2 | 91 | 96 | 79 |
| PAT Margin (%) | 0.2% | 5.8% | 5.2% | 5.8% |
| Cash PAT | 89 | 189 | 198 | 161 |
| Cash PAT Margin (%) | 9.8% | 12.2% | 10.9% | 11.8% |
Balance Sheet
| ASSETS (₹ In Crs) | Mar'21 | Mar'20 | Mar'19 | Mar'18 | EQUITY & LIABILITIES (₹ In Crs) | Mar'21 | Mar'20 | Mar'19 | Mar'18 |
|---|---|---|---|---|---|---|---|---|---|
| NON-CURRENT ASSETS | 1,006 | 942 | 726 | 541 | EQUITY | 929 | 926 | 843 | 749 |
| Property, plant & equipment | 658 | 646 | 539 | 409 | Equity Share capital | 68 | 68 | 68 | 68 |
| Capital work-in-progress | 6 | 5 | 4 | 0 | Other equity | 861 | 858 | 775 | 682 |
| Intangible assets | 1 | 1 | 2 | 1 | |||||
| Right-of-use assets | 5 | 12 | 0 | 0 | NON-CURRENT LIABILITIES | 410 | 473 | 235 | 192 |
| Investments | 5 | 11 | 12 | 19 | Borrowings | 82 | 94 | 58 | 48 |
| Trade receivables | 81 | 85 | 66 | 50 | Lease Liability | 3 | 8 | 0 | 0 |
| Loans | - | - | 0 | 0 | Other financial liabilities | 28 | 39 | 42 | 29 |
| Other Financial Assets | 107 | 71 | 28 | 29 | Provisions | 2 | 1 | 1 | 1 |
| Non Currenttaxassets (Net) | 22 | 20 | 13 | 0 | Deferred tax liabilities (Net) | 35 | 39 | 57 | 40 |
| Other Non -current assets | 119 | 91 | 62 | 32 | Other Non-Current Liabilities | 260 | 293 | 76 | 73 |
| CURRENT ASSETS | 1,238 | 1,422 | 1,324 | 1,192 | |||||
| Inventories | 100 | 104 | 91 | 216 | CURRENT LIABILITIES | 905 | 965 | 972 | 792 |
| Investments | 0 | 0 | 0 | 0 | Borrowings | 161 | 184 | 178 | 139 |
| Trade receivables | 285 | 382 | 529 | 415 | Lease Liability | 2 | 4 | 0 | 0 |
| Cash & Cash Equivalents | 10 | 108 | 30 | 13 | Trade Payables | 422 | 559 | 534 | 447 |
| Bank balances other than cash & | 146 | 155 | 163 | 311 | Other Financial Liabilities | 72 | 60 | 61 | 77 |
| cash equivalent | Provisions | 2 | 15 | 22 | 18 | ||||
| Loans | 13 | 13 | 29 | 40 | |||||
| Other Financial Assets | 563 | 561 | 391 | 142 | Current Tax Liabilities (net) | 13 | 12 | 12 | 5 |
| Other Current assets | 120 | 99 | 91 | 56 | Other current liabilities | 232 | 131 | 166 | 107 |
| TOTAL ASSETS | 2,244 | 2,364 | 2,050 | 1,734 | TOTAL EQUITY & LIABILITIES | 2,244 | 2,364 | 2,050 | 1,734 |
| Cash Flow Statement (₹ In Crs) | FY21 | FY20 |
|---|---|---|
| PBT | 5 | 103 |
| Adjustments | 164 | 171 |
| Operating profit before working capital changes | 168 | 275 |
| Changes in working capital | -83 | 118 |
| Cash generated from operations | 85 | 393 |
| Direct taxes paid (net of refund) | -10 | -37 |
| Net Cash from Operating Activities | 76 | 356 |
| Net Cash from Investing Activities | -121 | -275 |
| Net Cash from Financing Activities | -53 | -3 |
| Net Change in cash and cash equivalents | -98 | 78 |
| Opening Cash Balance | 108 | 30 |
| Closing Cash Balance | 10 | 108 |
For further information, please contact
Company : Investor Relations Advisors :
Capacit'e Infraprojects Ltd. CIN - L45400MH2012PLC234318
Mr. Alok Mehrotra (President, Corporate Finance) [email protected]
Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285
Mr. Shogun Jain / Mr. Vinit Vora [email protected] / [email protected] +91 77383 77756 / +91 98190 68322