Hindustan Construction Co Ltd Investor / Analyst Presentation FY2015-16 Presentation Flow HCC - Performance Highlights & Financial Results HCC E&C - Updates Steiner AG - Updates HCC Infrastructure - Updates Lavasa - Updates
Key Financial Highlights: Q4 & 12M FY2015-16 As compared to the same quarter of the previous year (YoY) Turnover is at Rs. 1,196.0 Cr v/s Rs. 1,175.1 Cr EBITDA margin at 19.81% V/s 17.20% PBT without exceptional item Rs .56.3 Cr v/s Rs 36.0 Cr Net Profit of Rs. 19.1 Cr v/s Rs. 20.7 Cr As compared to 12 months of the previous year (YoY) Current Order backlog up by 25% at Rs. 18,123 Cr excluding L1 contracts worth Rs. 4,930 Cr (v/s last year closing order book Rs. 14,451 Cr) Turnover is at Rs. 4,190.9 Cr v/s Rs. 4,301.1 Cr EBITDA margin at 19.98% V/s 18.74% Net Profit of Rs. 85.0 Cr v/s Rs. 81.7 Cr Financial Performance : 12 M FY 2015-16 (YoY) For the period ended 12M FY16 Turnover (Including JV) YoY 31 March 2016 12M FY15 31 March 2015 Rs. Cr Rs. Cr %
4,190.9 4,301.1 172.9 155.4 2,883.3 2,992.2 (3.6) Employee Cost 370.4 361.1 2.6 EBITDA (excluding other income & JV income) 812.4 773.4 19.98% 18.74% Interest 689.9
651.1 6.0 Depreciation 135.9 150.3 (9.6) Exceptional Item (26.5) - - Profit / (Loss) Before Tax ** 133.1 127.4 4.5 Tax 48.1 45.7 Profit / (Loss) After Tax
85.0 81.7 Other Income & JV Profit/loss Construction Cost (incl. material) / other exp. EBITDA Margins ** including Other Income and JV profit (2.6) 4.1 Financial Performance : Q3 FY 2015-16 (3 mth YoY & QoQ) For the quarter ended Q4 FY16 Q4 FY15 Q3 FY16 Turnover (Including JV) 31 Mar16 31 Mar15 31 Dec15 Rs. Cr Rs. Cr Rs. Cr 2.4
20.1 91.6 92.2 8.5 7.8 235.5 192.2 233.4 22.5 0.9 19.81% 17.20% 22.51% 176.6 167.7 170.2 5.3 3.8
31.7 38.7 33.4 (18.2) (5.1) (26.2) - (45.5) Profit / (Loss) Before Tax ** 30.0 36.0 30.7 (16.6) (2.2) Tax 10.9 15.3 11.3
Profit / (Loss) After Tax 19.1 20.7 19.4 (7.3) (1.2) EBITDA (excluding other income & JV income) EBITDA Margins Interest Depreciation Exceptional Item ** including Other Income and JV profit 29.0 50.2 46.4 854.1 833.9 99.4 % 711.0
Employee Cost 1,058.0 % 13.0 Construction Cost (incl. material) / other exp. 1,175.1 QoQ 1.8 Other Income & JV Profit/loss 1,196.0 YoY Standalone Balance Sheet Highlights Rs. Cr As at 31 March 2016 As at 31 March 2015 Net worth 1,863
1,387 Total Debt (includes working capital limits & FITL) Other current/non current liabilities 4,904 5,011 3,183 3,227 TOTAL LIABILTIES 9,950 9,626 Non current assets 5,395 4,550 Current assets 4,555 5,076 TOTAL ASSETS 9,950
9,626 st st Rs. Cr As at 31 March 2016 st Consolidated Financial Highlights Profit & Loss Account Rs. Cr FY 2015-16 FY 2014-15 Total Income from Operations 8,768 10,353 Profit / (Loss) before Tax (395) (305) Profit / (Loss) After Tax (318)
(159) Balance Sheet HCC E&C Significant Events Major milestones Completion of Roller Compacted Concrete (RCC) dam of Teesta IV Low Dam project Inauguration of South Wharf of the newly developed dry dock at Mumbai Naval Dockyard Inauguration of the Parama Island - Park Circus elevated corridor project in Kolkata by Smt Mamata Bananerjee, Chief Minister of West Bengal Foundation stone Laying of Ramban Banihal road project on NH44 in Jammu & Kashmir by Honorable Prime Minister, Shri Narendra Modi Foundation stone laying ceremony of two road projects in Assam on NH52 and NH37 by Shri Nitin Gadkari, the Union Minister of Road Transport, Highway & Shipping Second twin tunnel breakthrough at DMRC CC34 project Enhanced brand value by achieving many important milestones during FY2015-16 Awards and recognitions in FY 201516 Infrastructure Company of the Year Award to HCC by Construction Week for its outstanding contribution in the Infrastructure sector Water Project of the Year Award to HCCs Dagachhu Hydroelectric Power Project in Bhutan from Construction Week QCI D.L. Shah Quality Award to HCCs Bogibeel Rail-cum-Road Bridge project Best Concrete Structure of the year Award
To HCCs Padur Cavern Project from Indian Concrete Institute "Best Construction Project" from CIDC Vishwakarma Award 2016' to Dagachhu Hydroelectric Power Project under Power category to Padur Cavern Project under Infrastructure category CSR Awards to HCC's Water initiatives By the CIDC under "Achievement Award for Social Development & Impact category By the World CSR Congress FY 2015-16 : Orders Won S. No. Business Line Name of Project Client HCC Share (Rs Cr) 1 2 Transportation Buildings Single line BG Tunnel No.12, Assam Tata Memorial Centre Hospital at Vizag, AP NF Railway DAE
3 Transportation 4-Lanning of Ramban-Banihal sec of NH 1A, J&K NHAI 4 Nuclear C&S Works at BARC Tarapur, Ph I, Maharashtra BARC 943 5 Nuclear DFMF Plant, Tamil Nadu IGCAR 43 6 Transportation Kangchup Tamenglong Road, Manipur
PWD, Manipur 7 Hydro Tapovan Vishnugad HEP - Bal. works of HRT NTPC 634 8 Hydro Double Lane Tunnel at Sawalkot, J&K JKSPDC 167 9 Hydro Nikachhu HEP (118MW), Bhutan DGPC 456 Total Orders Wo n 772
153 1,783 813 5,764 In addition to order book, Current L1 orders is aggregating to Rs. 4,930 Cr Order Backlog (as on 31-Mar-2016): Rs 18,123 Cr Geographical Spread Business Line Wise Delhi 3% Water 15% NSP 9% Hydro 27% Bhutan 3% WB 7% MH 8% RJ UP 2% 2%
Transport 50% 1% 1% Others 3% J&K 19% Assam 9% Manipur 10% K'taka Bihar Utt'khand 19% AP 13% Order book to cross Rs. 22,000 crs post conversion of L1 into orders Balanced portfolio having geographical spread across the country Bid Slate as on 31st March 2016 (Rs in Cr) Hydro A Price Bids under evaluation B
Bids to Submit where HCC has Pre-Qualified C Pre-qualifications under evaluation D Pre-qualifications to submit Transport Water NSP & Buildings Total 1,425 415 2,450 1,310 5,600 3 2
2 2 9 1909 2 14,434 20 3,500 7 0 0 19,843 29 11,350 4 383 2 8071 2 2,249 5 22,053 13
1800 1,100 0 0 2,900 2 1 0 0 3 Steiner updates Steiner AG Highlights Steiner AG, Headquartered in Zurich, is a leading Real Estate Developer and Total Services Contractor in the Swiss real estate market .Specializes in turnkey development of new buildings and renovation of existing properties Closing order backlog at CHF 1,319 million (Rs.9,068 Cr) excluding contracts of CHF 700 million (Rs.4,813 Cr) yet to be signed Order intake during Q4 FY 2015-16 CHF 124 million (Rs. 855 Cr) Order intake in last 12 months ~ CHF 849 million (Rs. 5,833 Cr) Key financials of Steiner AG: As per IGAAP Q4 FY 2015-16
(for P&L : exchange rate of 1 CHF = Rs 66.83 as of March 31, 2016) (for BS : exchange rate of 1 CHF = Rs 68.75 as of March 31, 2016) Q4 FY 2015-16 12M FY 2015-16 12M FY 2015-16 CHF Million Rs. Cr CHF Million Rs. Cr Turnover 156 1,042 639 4,256 PAT/ (Loss) (0.3) (1.7) (0.9)
(6.5) HCC Infrastructure Business Update Baharampore-Farakka (Pkg 3, NH34) Daily toll collection ~Rs.36 lacs with 13% PCU growth in last quarter; FY16 witnessed 7% PCU growth Annual revenue of Rs. 112 crore, 37% increase YoY Baharampore Bypass land entirely procured by NHAI; execution of FCOD stretch underway Farakka-Raiganj (Pkg 4, NH34) COD expected by June/July 2016; Final Completion in Q4 FY17 Package 3 Toll Plaza at Km 206 Raiganj-Dalkhola (Pkg 5, NH34) ~90% land acquired after 6 yr land acquisition delay Entire equity infused; grant application submitted Earthwork, cleaning, grubbing and trench work started in Q4 FY16 Scaling up of construction works dependent on adequate support from NHAI & Lenders Delhi-Faridabad (NH2) SC order requiring Environment Compensation Charge (discouraging CV traffic into Delhi) & Delhi Govt. Odd/Even policy resulting in material traffic dip and loss of revenue Evaluating various options with lenders to restructure debt or mutually foreclose the project with NHAI due to Force Majeure event Construction underway at Package 4 19 April 28, 201
6 Corporate Presentation Aerial View Aerial View of Dasve Operations Highlights Labours on ground : ~500 Nos. Total units ready for possession : ~1118 units Apartments : ~665 Units Villas : ~ 453 Units Possession given till date : 945 units Updates : Tourism & Awards Footfall: Footfall during FY 15-16 rose 12% to ~1.07 Mn. Highest footfall achieved
11,00,000 during last calendar year. Lavasa bagged 6 prestigious awards in FY 2016. The award for Lavasa as the Smart City of Tourism. The Best Exhibition and Convention Centre - West India. The third consecutive year, Lavasa has won the PATWA International award for the Future of Travel. Best MICE Destination India Hospitality Awards Smart City For Education at ABP News Brand Excellence Award 2015 Best City Initiative Smart Cities Exhibition, Jaipur Shoots: Prominent commercial shoot included Tata Zest, Volkswagen Vento, South-Kannada film , Apollo Tyres, Maruti CIAZ Ranveer Singh, and Marathi Movie Friends & Photocopy. Updates : Events Events: Republic Day Event : Introduced Hot air balloon activity at Lavasa. 30000 footfalls over 4 days. Christmas & New Year Event : Live musical and dance performance by renowned artist Sharon Prabhakar Freedom 2015 : Event done in collaboration with HT. 35000 footfalls; Celeb DJ entertained the crowd. IMFFA : Hosted nomination ceremony of International Marathi Film Festival Awards at LICC. All that Jazz; a leading retailer shall commence operation by 15th May 2016 Guns and glory shooting range to commence operations soon
New shops like Popsicles, Live today ,Kashmir cottage have been signed up Updates : Business Developments Dasve Hospitality Institute: In May 2016, Lavasa leased the institute to Expat Properties for running its operations for 10 years Apollo Medicity: In Nov16, Apollo Enterprise increased its stake from 37.5% to 51% Sports Academy: MOU with investor is finalized for development of 4.58 acres Rs. 30 cr sport complex in Dasve. Work started for constructing Multi-purpose stadium for corporate tournaments. Knowledge Vistas Limited: Singed a term sheet with Befferent Digital Media pvt ltd., due diligence under process SGG: Deal with Lavasa(LCL) to establish International Boarding School Campus with all related infrastructure facilities is in process Thank You
