Ref Date
: CIL/STEX 30/Q3FY19 : February 04, 2019
To The Secretary, BSE Limited Corporate relation Dept, P.J. Towers, Dalal Street, Fort, Mumbai-400 001
The Secretary, National Stock Exchange of India Limited Plot No. C/1, G Block, Bandra Kurla Complex Bandra (East) Mumbai-400 051
Scrip Code – /Scrip Id: 540710/CAPACITE
Scrip Symbol: CAPACITE
Subject: Investor Presentation – February 2019 Dear Sir/ Madam Pursuant to Regulation 30 and other respective regulations of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 please find enclosed Investor Presentation. This is to further inform that the Investor 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.
Capacit'e Infraprojects Ltd. Investor Presentation Q3 & 9M FY19
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Safe Harbor 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.
CAPACIT'E INFRAPROJECTS LIMITED
CAPACIT’E INFRASTRUCTURES LIMITED
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Hiranandani – The Walk, Mumbai, MMR
9M FY19 Standalone Performance
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Key highlights for 9M FY19 (1/2) ▪
Strong Financial performance: Total Income grew by 36% to ₹ 1,317 Crores as compared to ₹ 970 Crores in 9M FY18 EBITDA was ₹ 209 Crores as compared to ₹ 156 Crores during 9M FY18, growing by 34%, Margins were at 16% PAT grew by 24% to ₹ 70 Crores as compared to ₹ 56 Crores in 9M FY18 Cash PAT stood at ₹ 140 Crores as compared to ₹ 99 Crores during 9M FY18, growing by 41%, Margins were at 10.6% Total collections during 9M FY19 is ₹ 1,279 Crores
▪
Order Book: Outstanding order book as on 31st December 2018 is ₹ 7,519 Crores (Private Sector - ₹ 7,086 Crores & Public Sector - ₹ 433 Crores) & MHADA Order ₹ 4,357 Crores Order Inflow (Private & Public Sector) during 9M FY19 was ₹ 3,153 Crores & during Q3 FY19 was ₹ ~1,346 Crores
Bagged the two Public sector orders in Q3 FY19, one from BSNL ₹ ~335 Crores of & another from Institute of Chemical Technology of ₹ ~98 Crores L1 in Public sector for ₹ 456 Crores (not included in the Order Book) Added first significant order in the Factory’s segment from Furein Engineering Construction for civil works of project “Delta Hosur Factory Phase- I” of ₹ ~208 Crores during the quarter ~77% of the Order wins from the Private sector during Q3 FY19 are repeat order from existing client ▪
Net Working capital Days: The Net Working capital Days (Including Retention) stood at 81 days vis-a-vis 89 days as on March 2018 & 95 days as on Q3 FY18 Similarly, Net Working capital Days (Excluding Retention) is 55 days vis-a-vis 58 days as on March 2018 & 65 days as on Q3 FY18
CAPACIT'E INFRAPROJECTS LIMITED
CAPACIT’E INFRASTRUCTURES LIMITED
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Key Highlights of 9M FY19 (2/2) Total Income (₹ in Cr.)
EBITDA (₹ in Cr.)
PAT (₹ in Cr.)
Cash PAT (₹ in Cr.)
36%
34%
23%
41%
1,317
9M FY19
70
56
156
970
9M FY18
209
9M FY18
9M FY19
140
99
9M FY18
9M FY19
9M FY18
9M FY19
Net Working capital Days
Including Retention 95
Q3 FY18
89
Q4 FY18
84
Q1 FY19
CAPACIT'E INFRAPROJECTS LIMITED
Excluding Retention
73
Q2 FY19
81
Q3 FY19
65
Q3 FY18
58
57
Q4 FY18
Q1 FY19
48
Q2 FY19
55
Q3 FY19
CAPACIT’E INFRASTRUCTURES LIMITED
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Key Growth Drivers ▪
2019 Budget Proposals: •
Capital gains from sale of immovable property of upto Rs. 2 Crs. can now be invested in 2 Residential houses as against existing practice of exempting such income if invested in one house within a year
•
No tax on notional rent on second self-occupied house
•
No TDS on house rent upto Rs 2.4 lakh
•
Affordable housing projects registered up to 2020 would have tax exempted under Sec. 80 IB
•
Exemption for 2 years on notional income on housing inventory
•
Group of Ministers to suggest ways to reduce GST for house buyers
▪
Buildings: Rs 4.5trillion opportunity driven by ‘Pradhan Mantri Awas Yojna’ (PMAY) under the ‘Housing for All’ scheme and spend on SmartCities/AMRUT
▪
Metros: Rs 2.7trillion opportunity provided by new phases of metros in 14 cities where metros projects are under-construction, and 12 more cities that are planning a metro, over the next three years
▪
Airports: Currently AAI’s pipeline consists of Upgradation of multiple airports for capex of Rs 175 bn and Development of 18 greenfield airports for capex of Rs 300bn
▪
Over past few years Organized developers have been gaining market share steadily on the back of Demonetization, Policy reforms like RERA & Benami Property Act and Implementation of GST, this augurs well for EPC contractors like us who have a marquee clientele
▪
Developers with healthy financial position and strong project pipeline at prime locations are not expected to face liquidity crisis
CAPACIT'E INFRAPROJECTS LIMITED
CAPACIT’E INFRASTRUCTURES LIMITED
Source: Budget speech, Phillip Capital, Kotak Institutional Equities & Morgan Stanley reports
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Growth in the face of challenges Challenges faced by the sector
IL&FS issue
NBFC’s facing liquidity crunch
Liquidity dried out for the real estate sector
NGT ban on construction activities in North India Despite of the above Capacit'e posted robust performance
Strong Order Inflow of ₹ 3,153 Crs Higher than the annual target
CAPACIT'E INFRAPROJECTS LIMITED
Total Income by 36% EBITDA by 34% Cash PAT by 41%
NWC days reduced to 81 days v/s 89 days as on FY18 & 95 days as on Q3 FY19
Total collections during 9M FY19 is ₹ 1,279 Crores CAPACIT’E INFRASTRUCTURES LIMITED
Recent orders wins driven by repeat orders and fresh orders from new marquee clients Order Book as on 31st December 2018
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Q3 FY19 Order Inflow
Private Sector
Private Sector
₹ 7,086 Crores
▪ Order from Oberoi Realty of ₹ 705 Crores, for construction of 5 towers for Oberoi Garden City- Phase 3 project ▪ Order from Furein Construction Engineering for civil works for project
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Public Sector ₹ 433 Crores
“Delta Hosur Factory Phase- I” ₹ 208 Crores Public Sector ▪ Order from Bharat Sanchar Nigam Limited (BSNL) worth ₹ 335 Crores for
construction of buildings for Unified Network Management System
3 CAPACIT'E INFRAPROJECTS LIMITED
MHADA Order
▪ Order from Institute of Chemical Technology for ₹ 98 Crores for RCC,
(under an Integrated SPV)
civil, high side MEP works for sub-structure and super structure of
₹ 4,357 Crores
proposed research building
CAPACIT’E INFRASTRUCTURES LIMITED
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Order Book Details excluding MHADA Order Backlog
(₹ In Crs)
Project Split
Category wise split
7,519 1,693
2,266
FY14
FY15
4,289
2,805
5,682
Other Buildings 18%
FY16
FY17
FY18
9M FY19
907
825 503
428
690
675
Order Book to Sales Ratio
4.4 3.4
FY15
FY16
3.8
FY17
CAPACIT'E INFRAPROJECTS LIMITED
4.2
FY18
4.3
9M FY19
77%
Gated Communities
Q4 FY17 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19
(No. of Years)
High Rises & Super High Rises
36%
1,346
1,132
23% 46%
Order Inflow
(₹ In Crs)
Commercial & Institutional
Residential
Order book analysis ▪
Total Order Inflow during 9M FY19 was ₹ 3,153 Crs
▪
Top 5 Orders contribute ~38% of the Order book
▪
Top 10 Client groups contribute ~ 75% of the Order book
▪
~52% of the Order wins during Q3 FY19 are from repeat orders from existing client
▪
62 sites as on 31st December 2018
CAPACIT’E INFRASTRUCTURES LIMITED
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Q3 & 9M FY19 Standalone Profit & Loss – Strong Financial Performance Particulars (₹ In Crs)
Q3 FY19
Q3 FY18
Y-o-Y
9M FY19
9M FY18
Y-o-Y
449.4
366.5
22.6%
1290.0
954.7
35.1%
Other Income
9.2
8.0
27.3
15.5
Total Income
458.6
374.5
1317.3
970.2
Cost of Material Consumed (Incl. Construction Expenses)
332.0
274.0
947.4
694.3
Employee Expenses
37.8
30.3
108.4
84.0
Other Expenses
17.7
12.6
52.8
35.6
EBITDA
71.0
57.7
208.8
156.4
15.5%
15.4%
15.9%
16.1%
Depreciation
19.9
12.6
64.4
40.3
Finance Cost
11.7
9.7
34.0
29.1
Profit before Tax
39.4
35.4
110.4
87.0
Tax
15.5
12.7
40.8
30.6
Profit After Tax
23.9
22.7
69.6
56.4
PAT Margin (%)
5.2%
6.1%
5.3%
5.8%
Cash PAT*
46.0
34.8
139.6
99.1
10.0%
9.3%
10.6%
10.2%
Revenue from Operations
EBITDA Margin (%)
Cash PAT Margin
*Cash PAT = PAT + Depreciation + Deferred Tax
CAPACIT'E INFRAPROJECTS LIMITED
22.4%
23.1%
11.3%
5.3%
32.2%
35.8%
33.5%
27.0%
23.4%
40.9%
CAPACIT’E INFRASTRUCTURES LIMITED
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H1 FY19 Standalone Balance Sheet - Strong Balance Sheet with low leverage ASSETS (₹ In Crs)
Sep-18
Mar-18
615
543
440
409
Capital work-in-progress
5
0
Intangible assets
1
1
Investments
13
19
Trade receivables
63
50
Loans
2
2
Other Financial Assets
25
Current tax assets (Net)
Other Non - current assets
Sep-18
Mar-18
793
749
Equity Share capital
68
68
Other equity
725
682
234
192
Borrowings
55
48
29
Other financial liabilities
43
29
1
0
Provisions
1
1
65
32
Deferred tax liabilities (Net)
47
40
1,182
1,190
Inventories
84
216
Other Non-Current Liabilities
88
73
Investments
7
0
770
792
Trade receivables
367
415
Borrowings
127
139
Cash & Cash Equivalents Bank balances other than cash & cash equivalent Loans
30
13
Trade Payables
480
447
237
311
Other Financial Liabilities
66
77
29
52
Current tax liabilities (Net)
22
18
Other Financial Assets
344
128
Current tax assets (Net)
Provisions
0
0
9
5
Other Current assets
84
56
Other current liabilities
66
107
1,797
1,734
TOTAL EQUITY & LIABILITIES
1,797
1,734
NON-CURRENT ASSETS Property, plant & equipment
CURRENT ASSETS
TOTAL ASSETS
CAPACIT'E INFRAPROJECTS LIMITED
EQUITY AND LIABILITIES (₹ In Crs) EQUITY
NON-CURRENT LIABILITIES
CURRENT LIABILITIES
CAPACIT’E INFRASTRUCTURES LIMITED
Improvement in working capital levels with efficient collections and strong execution Inventory turnover days
Debtors turnover days 151 120
120
105 91
70
125
120
67 55
58
60
FY17
FY18
9M FY19
98
89
88
12
107 91 72
69 7 FY15
FY15 FY16
Including Retention
FY17
FY18
Excluding Retention
9M FY19 Excluding Mobilization Advance
Creditors turnover days 119
137
120 99
Working Capital turnover days 89 75
103 56 39
FY15
FY16
FY17
FY16
FY18
9M FY19
FY15
50
Standalone Figures
55
21
FY16 Including Retention
CAPACIT'E INFRAPROJECTS LIMITED
58 44
81
FY17
FY18
9M FY19
Excluding Retention
Ratios for FY14 to FY17 are as per I-GAAP CAPACIT’E INFRASTRUCTURES LIMITED
Our Story
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Godrej Central – Mumbai, MMR
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Capacit'e Infraprojects Ltd: Transforming Vision into Reality
Clientele Financials Resources Management Experienced & Strong Management Team with years of domain knowledge in Infrastructure creation
CAPACIT'E INFRAPROJECTS LIMITED
Ownership of Core Assets + Team of highly skilled workforce helping to Focus on execution to become a ‘Preferred Construction Partner’
Strong and well capitalized Balance Sheet & Financial performance
Marquee client base resulting into repeat orders and yielding a Large Order book with high revenue visibility
CAPACIT’E INFRASTRUCTURES LIMITED
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Ready to Capitalize on vast opportunities Specialization in Super High Rise & High Rise
Strong relationships with clients
01
05
Strong Order Book
CAPACIT'E INFRAPROJECTS LIMITED
Experienced Management
02
06
Revenue Visibility
Focus only on – Buildings & Factories
03
07
Well capitalized Balance Sheet
04
08
09
Strong Board of Directors
Good Corporate Governance
CAPACIT’E INFRASTRUCTURES LIMITED
Our Strategy: Focused Player in Buildings Segment
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Specialist in High Rise & Super High Rise
Focus on Building Construction Expand in Institutional & Commercial Grow Order book on Lock-and-key basis Bid for Design-Build & Public Projects Capitalize on RERA implementation Expand presence in Matured Cities
CAPACIT'E INFRAPROJECTS LIMITED
CAPACIT’E INFRASTRUCTURES LIMITED
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Scalable Business Model on back of Best in Class Resources
Modern Technology
‘
2.
Core Assets: Automatic Climbing Systems, Modular Deck Panel System Formwork (Flat Slab), Aluminium Formwork, Tunnel Formwork, Table Formwork, Conventional System, Modular Panel System Formwork
3.
Skilled Workforce: 1,350+ employees; ~1,100 contract workers; 21,000+ sub contract workers
4.
Well Defined Processes: Well established processes to execute projects in an efficient and timely manner along with maintaining highest quality standards and thereby winning Repeat orders from existing clients
5.
ERP System: Entire business process of procurement and services besides accounting functions are transacted in Buildsmart ERP
02
03
Well Defined Processes
04
ERP System
05
CAPACIT'E INFRAPROJECTS LIMITED
Modern Technology: Temperature controlled concrete for mass pours, self compacting free flow concrete for heavily reinforced pours and special concrete for vertical pumping in Super High Rise Buildings
01
Core Assets
Skilled Workforce
1.
CAPACIT’E INFRASTRUCTURES LIMITED
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Our FOCUS – To Create a Sustainable Future
Asset Turnover
Balance Sheet Focus Focus on maintaining comfortable Debt/Equity
Focus on improving Asset Turnovers by
levels which stems from our ethos of building
efficient deployment & maintenance of
relationships with credible organized players
resources ensuring faster turnaround
thereby ensuring cash flow security and timely
and thereby enabling us to grow the
completion along with closure of projects
orderbook
FOCUS Client Quality Focus on quality of client which ensures timely execution, Cash flow security and regular repeat orders
CAPACIT'E INFRAPROJECTS LIMITED
Highly Skilled Team High quality team of engineers and technicians to execute challenging and complex projects in timely manner
CAPACIT’E INFRASTRUCTURES LIMITED
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Certifications & Awards Certificate of Compliance
Golden Peacock Award
Integrated Management System
Quality Management System ISO 9001:2008
Environmental Management System ISO 14001:2004
Occupational Health and Safety Management System OHSAS 18001:2007
CAPACIT'E INFRAPROJECTS LIMITED
CAPACIT’E INFRASTRUCTURES LIMITED
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Marquee Clientele… a testimony of our Execution Track record
Existing clientele (Regular Repeat orders & Huge pipeline)
Addition of New clients
Timely delivery
Quality output
Growing Order Book CAPACIT'E INFRAPROJECTS LIMITED
CAPACIT’E INFRASTRUCTURES LIMITED
Management & Board
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Rustomjee Seasons, Mumbai, MMR
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Experienced Promoters at the helm of affairs…
Mr. Rahul R. Katyal Managing Director
Mr. Rohit R. Katyal Executive Director & CFO
Mr. Subir Malhotra Executive Director
▪
Has a vast experience of ~27 years
▪
Has a vast experience of ~23 years
▪
Has a vast experience of ~28 years
▪
Currently focuses on Finance, Commerce and Accounts functions at Capacit'e Infraprojects Ltd.
▪
Currently looks after the Operations and Business Development domains at Capacit'e Infraprojects Ltd.
▪
Currently focuses on Business Development & Operations in North zone for Capacit'e Infraprojects Ltd.
CAPACIT'E INFRAPROJECTS LIMITED
CAPACIT’E INFRASTRUCTURES LIMITED
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Governed by a Strong Board of Directors
Mr. S.B. Mainak Chairperson (Independent) ▪ ▪
Has more than 30 years of exp. Previously, was MD at LIC of India, Served on the Board of NSE & Stock Holding Corporation of India, Independent Director appointed by GOI with Satyam Computers for restructuring post fraud, Prof. & Head of Finance of National Insurance Academy (NIA)
CAPACIT'E INFRAPROJECTS LIMITED
Mr. Arun Karambelkar Independent Director
Mr. Siddharth D. Parekh Non-Executive Director
Mr. Sumeet S. Nindrajog Non-Executive Director
▪
Has ~37 years of exp.
▪
Has ~ 16 years of exp.
▪
Has ~ 16 years of exp.
▪
Previously President & CEO at Hindustan Construction Company (HCC)
▪
Previously, worked at IFC in Washington DC and BCG in New York
▪
Previously, worked at Ares Management in LA, and UBS investment banking
▪
Currently, Partner at Paragon Advisors Partners, LLP
▪
Currently, Partner at Paragon Advisors Partners, LLP
Ms. Farah Nathani – Menzies Independent Director ▪
Is an MBA from Harvard Business School and B.A.-B.Sc. from the University of Pennsylvania's Wharton School
▪
Previously worked at Bain & Company, Godrej Consumer Products & Godrej Industries and is currently Co-Founder of The Mumum Company
CAPACIT’E INFRASTRUCTURES LIMITED
Our Creations
Paras Quartier, Gurgaon, NCR
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Tata Trust Cancer Hospital (Varanasi)
CAPACIT'E INFRAPROJECTS LIMITED
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CAPACIT’E INFRASTRUCTURES LIMITED
Wadhwa Group, H Mill - Tower 1 & 2 (MMR)
CAPACIT'E INFRAPROJECTS LIMITED
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CAPACIT’E INFRASTRUCTURES LIMITED
Lodha, The Park (Trump Towers) (MMR)
CAPACIT'E INFRAPROJECTS LIMITED
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CAPACIT’E INFRASTRUCTURES LIMITED
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Lodha, One Altamount (MMR) Currently India’s Tallest Composite Residential Building “Completed” In India
CAPACIT'E INFRAPROJECTS LIMITED
CAPACIT’E INFRASTRUCTURES LIMITED
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Saifee Burhani Upliftment Trust (MMR) Efficiently executing a huge project in the crowded vicinity of Bhendi Bazar comprising of narrow lanes
CAPACIT'E INFRAPROJECTS LIMITED
CAPACIT’E INFRASTRUCTURES LIMITED
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Our Creations Bharti Worldmark, Gurgaon
Century Breeze, Bengaluru
Paras Quartier, Gurgaon, NCR
Ozone Hyatt, Bengaluru
CAPACIT'E INFRAPROJECTS LIMITED
CAPACIT’E INFRASTRUCTURES LIMITED
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Some Projects that we have Virtually Completed/ Delivered (1/3) Seaview – Candor ▪
Commercial project at Sector 135, Noida
▪
Vertical height of the project is ~63 meters
▪
Project scope - construction of 3 towers with 02 Basements and Ground plus 14 floors
▪
Project executed for Seaview Developers (a Brookfield investee company)
Godrej Summit
Sir Gangaram Hospital trust
▪
Residential project at Sector 104, Gurgaon
▪
Multilevel car park
▪
Vertical height of the project is ~54 meters
▪
Vertical height of the building is ~ 35 meters.
▪
Project scope - construction of 7 towers with Basement and Ground plus 17 floors
▪
One of the Design Build project executed
CAPACIT'E INFRAPROJECTS LIMITED
CAPACIT’E INFRASTRUCTURES LIMITED
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Some Projects that we have Virtually Completed/ Delivered (2/3) Bharti Worldmark ▪
Commercial project executed for Bharti Airtel in Sector 65, Gurgaon
▪
Vertical Height of the structure is ~ 42 meters
▪
Project scope - construction of 4 towers with 2 Basements and Ground plus 14 floors
Godrej Central
Auris Serenity Tower 2 ▪
Residential project located at Malad, constructed for Transcon Sheth Creators
▪
Vertical height of the building is 240m
▪
Project scope - 1 tower with 7 podiums, ecodeck, 58 typical floors and 3 fire check floors
CAPACIT'E INFRAPROJECTS LIMITED
▪
Residential project
▪
7 Rehab Buildings, 7 Sale Buildings, 6 Standalone Buildings
▪
Height of the Building is 50m
▪
No of Floors - 14
▪
Project scope - Shell & Core and Blockwork, Plaster
CAPACIT’E INFRASTRUCTURES LIMITED
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Some Projects that we have Virtually Completed/ Delivered (3/3)
Sattva – Cadenza
▪
7 Buildings, Build up area is 10.46 Lakh Sq. ft.
▪
Building Height is 70m
▪
Project Scope - Shell & Core and Blockwork, Tilling & Painting
Provident – The Tree Hiranandani – The Walk ▪ 6 Buildings, Build up area 10.7 Lakh Sq. ft.
2 Buildings; Building 1 has 3 wings & Building 2 has 4 wings
▪
Build up area is 10.46 Lakh Sq. ft.
▪
Building Height is 65 m
▪
Building Height is 38m
▪
Project Scope - Shell & Core and Blockwork
▪
Project Scope - Shell & Core and Blockwork, Tilling & Painting
▪
CAPACIT'E INFRAPROJECTS LIMITED
CAPACIT’E INFRASTRUCTURES LIMITED
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Transcon Sheth Auris Serenity, Mumbai, MMR
Our Industry
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Favorable Industry Dynamics RERA ▪ ▪
Leading to a shift from Un-Organized to Organized Supports Construction EPC players
PMAY Scheme ▪
A ~Rs. 4.5 Trillion opportunity driven by ‘Pradhan Mantri Awas Yojna’ (PMAY) under the ‘Housing for All’ scheme and spend on Smart-Cities/AMRUT
Education & Hospitality segment Govts. focus on: ▪ Developing educational institutions ▪ Promote tourism in Tier 2 and Tier 3 cities provides huge opportunities to the EPC players
CAPACIT'E INFRAPROJECTS LIMITED
Growing demand for Commercial & Retail space ▪ ▪ ▪
Lack of Fresh office space Organized retail growing by 25-30% p.a. Increase in PE Investments
Airports, Ports, Metros ▪
Presents a ~Rs. 4 Trillion opportunity combined in all 3 segments
Source: Phillip Capital Report, IBEF
CAPACIT’E INFRASTRUCTURES LIMITED
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Mumbai Development Plan 2034 Increase in FSI ▪ Government has increased the Floor Space Index, for both commercial and residential buildings
Affordable Housing Push ▪ The authorities have approved to release 3,355 hectares of land previously designated as no-development zone for building apartments and commercial complexes in Mumbai of which 2,100 hectares of it will go for affordable housing under the Development Plan 2034 ▪ Some of the key highlights of this plan are target of 1 million affordable homes, Theme gardens, pay and park zones, oldage homes, walking provision, farmers market, etc.
CAPACIT'E INFRAPROJECTS LIMITED
Central & Suburban Mumbai to benefit ▪ The non-development zones proposed to be unlocked for affordable homes are located in parts of central and suburban Mumbai like: • Wadala, Sewri and Cotton Green in Central Mumbai • Bhandup & Mulund in Northeastern suburbs and • Gorai & Manori in the Northwestern suburbs
FSI
Beneficial for Real Estate EPC Players
MUMBAI
CAPACIT’E INFRASTRUCTURES LIMITED
Our Historical Performance
Lodha, One Altamount, Mumbai, MMR
37
38
Strong Financial Performance Total Income (₹ in Cr.)
55%
1,140
EBITDA (₹ in Cr.)
1,360
76%
815
228
FY17
FY18
117
510
65
234 FY14
212
24 FY15
FY16
FY17
FY18
FY14
FY15
PAT (₹ in Cr.)
FY16
Margins 18.6%
67%
69
27
4.3%
10 FY15
FY16
FY17
5.4%
6.1%
5.3%
5.8%
FY18
FY14
FY15
FY16 EBITDA%
CAPACIT'E INFRAPROJECTS LIMITED
16.7%
12.7% 10.2%
44
FY14
14.3%
79
Standalone Financials
FY17
FY18
PAT%
CAPACIT’E INFRASTRUCTURES LIMITED
39
Standalone Profit & Loss Statement Particulars (₹ In Crs)
FY18
FY17
FY16*
1,336
1,125
802
Other Income
24
15
13
Total Income
1,360
1,140
815
Cost of Material Consumed (Incl. Construction Expenses)
966
796
591
Employee Expenses
117
87
69
Other Expenses
49
46
37
EBITDA
228
212
117
16.7%
18.6%
14.3%
Depreciation
67
65
15
Finance Cost
40
42
29
Prior Period Item
0
0
4
Profit before Tax
121
105
68
Tax
42
36
24
Profit After Tax
79
69
44
PAT Margin (%)
5.8%
6.1%
5.3%
Cash PAT
161
135
62
11.8%
11.8%
7.6%
Revenue from Operations
EBITDA Margin (%)
Cash PAT Margin (%)
* As per I-GAAP
CAPACIT'E INFRAPROJECTS LIMITED
CAPACIT’E INFRASTRUCTURES LIMITED
40
Standalone Balance Sheet ASSETS (₹ In Crs) NON-CURRENT ASSETS Property, plant & equipment Capital work-in-progress Intangible assets Investments Trade receivables Loans Other Financial Assets Current tax assets (Net) Other Non - current assets CURRENT ASSETS Inventories Investments Trade receivables Cash & Cash Equivalents Bank balances other than cash & cash equivalent Loans Other Financial Assets Current tax assets (Net) Other Current assets Assets held for sale TOTAL ASSETS
CAPACIT'E INFRAPROJECTS LIMITED
Mar’18 543 409 0 1 19 50 2 29 0 32 1,190 216 0 415 13
Mar’17 381 324 7 2 0 16 3 13 1 16 697 170 0 358 11
311
39
52 128 56 1,734
30 31 3 54 1 1,078
EQUITY AND LIABILITIES (₹ In Crs)
Mar’18
Mar’17
EQUITY
749
299
Equity Share capital
68
44
Other equity
682
255
NON-CURRENT LIABILITIES
192
203
Borrowings
48
67
Other financial liabilities
29
33
Provisions
1
2
Deferred tax liabilities (Net)
40
26
Other Non-Current Liabilities
73
74
CURRENT LIABILITIES
792
577
Borrowings
139
97
Trade Payables
447
310
Other Financial Liabilities
77
47
Current tax liabilities (Net)
5
4
Provisions
18
2
Other current liabilities
107
116
1,734
1,078
TOTAL EQUITY & LIABILITIES
CAPACIT’E INFRASTRUCTURES LIMITED
41
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. Pratik R. Shah
[email protected] /
[email protected] +91 77383 77756 / +91 9769260769 www.sgapl.net
www.capacite.in
CAPACIT'E INFRAPROJECTS LIMITED
CAPACIT’E INFRASTRUCTURES LIMITED
