Jaipur Metro Rail Project Mazagon Dock Limited Kolkata Metro – UG2

ITD Cementation
Business & Operations
Overview
June 2017

Page 1
Agenda

Corporate Vision

Company Profile

Parent Profile

Financial Performance

Order Book Analysis

Operations & Management

Way Forward

Page 2
Corporate Vision

Page 3
Corporate Vision
Our Mission
 To make ITD Cementation India Limited, the country’s leading construction Company in customer choice,
quality and safety .

Our Core Principles

 Customers come first.
 Employees are our most important asset – working conditions and training must enable them to give their
best.
 Our quality health and safety standards will be second to none.
 Timely commencement and completion of projects.
 Good plant and machinery is our wealth. We ensure these are always well maintained and in good working
order.
 Well developed MIS systems and state-of the-art technology is our priority.
 Environmental awareness and care for the world in which we live will be part of our business philosophy.
 Our competitive edge is maintained through specialist skills and commitment to both – Training and R&D.

Our Aim
 Our aim is a satisfied client, a strong and proactive workforce and a quality product finished on time and to
budget.

Page 4
Company Profile

Page 5
 Company Profile
 ITD Cementation India Limited (ITD Cem), is a subsidiary of the
Thailand-based Italian-Thai Development Public Company
Limited (ITD)
 Engaged in the construction of marine structures, highways,
bridges & flyovers, metros, airports, hydro-tunneling, dams &
canals, water & waste water segment, industrial structures, Shareholding Pattern
buildings and specialist foundation engineering projects Public
20%
 Order book of Rs. 82,121 mn as on June 30, 2017 executable
Bodies
over a period of 30 months. Corporate
Promoters
 Only construction company with a sustained presence in India 4%
52%
with MNC parentage
Total
 Pedigree of strong management systems and strong recall institution
among clients s
24%
 Employee strength 1,900 people
 Listed on Indian stock exchanges with a market capitalization
of Rs. 22,963 mn
 Ownership Details: ITD acquired 80.4% from Skanska AB in
2004 and currently holds nearly 52% in ITD Cem

Page 6
Corporate Structure
ITD Cementation India Limited

Engaged in marine works, highways &

bridges, metros, airports, hydro-
tunneling, dams & canals, water &
waste water treatment and specialist
foundation engineering projects

80% 49% 40% 95% 40%

ITD-ITD Cem JV ITD Cem

ITD Cemindia CEC-ITD Cem-TPL
ITD-ITD Cem JV (Consortium of ITD-ITD Maytas
JV JV
Cementation) Consortium
Construction Construction Construction of Design and Design and
for road for MRTS and integrated execution of construction of
projects water projects passenger terminal water conveyor underground
building at Netaji system section
Subash Chandra including 3
Bose International underground
airport stations for
Mumbai Metro

Page 7
 Joint Ventures
ITD-ITDCem JV
ITD Cem
(Consortium of ITD Cemindia CEC-ITD Cem-
ITD-ITDCem JV Maytas
ITD-ITD JV TPL JV
Consortium
Cementation)
Shareholders ITD Cem – 49% ITD Cem – 40% ITD Cem – 95% ITD Cem – 80% CEC – 40%
ITD (Thailand) – 51% ITD (Thailand) – Maytas–5% ITD (Thailand) – ITD Cem – 40%
60% 20% TPL - 20%
Key projects Supply and installation of track work Construction of Design and Rehabilitation  Design and
for Bangalore Metro – work virtually integrated passenger execution of water and Refurbishment construction of
completed terminal building at conveyor system for of Water Works at underground
3 under ground stations and tunnels
Netaji Subas Chandra government of Palta and Garden section including 3
for Kolkata Metro – scope of work Bose (International) Andhra Pradesh Reach.(KEIIP) underground
increased, new order of enhanced work airport in Kolkata stations for
awaited  4 Nos. projects - Mumbai Metro Rail
Construction of Corporation
Design and construction of elevated elevated structures Limited
viaduct and 8 elevated stations for (viaduct & stations)
DMRCL (CC26) worth 5,460 mn for Bangalore
Design and Construction of Tunnels by Metro Rail
Shield TBM under Delhi MRTS Project Corporation Ltd
for DMRCL (CC32) worth 7,520 mn worth 6,895 mn,
6,838 mn, 4,855
Laying of Water Trunk Main from mn & 5,114 mn
Garden Reach Water Works to Taratala
Valve Station and Laying of Sewer Line
along Diamond Harbour Road by
Microtunelling Method for KEIIP worth
1,459 mn

Work in Hand as 9,857 mn 5,686 mn 24,010 mn 27,258 mn

on June 30,
2017 (100%)

Page 8
 Industry Position
 Leadership position in marine construction, foundation
and specialist works and significant presence in MRTS,
Hydro / Dams / Tunnels / Irrigation and transportation
segments
 Several quality and safety awards in the past 15 years - a
reflection of ITD Cem’s drive towards excellence
 One of the few construction companies to conform to ISO
standards for Quality Management Systems,
Occupational Health and Safety Management System and
Environmental Management System
 Appreciations from DMRC and Tata Power amongst
others for timely completion and quality construction
 Key clientele includes:
 Government: DMRC, RVNL, Kolkata Metro Rail Corporation,
SAIL, Bangalore Metro Rail Corporation, NHAI, Mazagaon Dock
Ltd., Garden Reach Shipbuilders , Airport Authority of India, Permanent office
Indian Railways, Govt. of AP, Rites Ltd., CPWD, Noida, Mumbai Area office
Port Trust, Nagpur Metro Rail Corporation, Mumbai Metro Rail
Key Project office
Corporation
 Private: Reliance – ADAG group, IHI Corporation, Nhava Sheva
Gateway Terminal, Tata Power, PSA (Singapore), Adani group,
Jindal Steel, Samsung, Tata Power, RIL, L&T, Jindal Power,
Mundra Port Trust, Ennore Port Ltd., Gangavaram Port Ltd., IIC
Ltd. et al

Page 9
Parent Profile

Page 10
International Parent Strength
 Italian-Thai Development Company Limited is the largest construction company in Thailand (25% market
share) and one of the largest in South East Asia

 Listed on the stock exchange of Thailand in 1994 with an initial capital base of Baht 2 million

 In 1985, ITD received the Royal Seal of Garuda, the highest and most honorable achievement for civilian
companies in Thailand

 Revenues of Rs. 89,527 mn in FY 2016 and Net worth Rs. 24,517 mn as at 31 December 2016

 Work in hand (Construction & Concession) Rs. 5,31,970 mn (Construction Rs. 2,50,148 mn) as on May 2017

 Geographic spread includes Bangladesh, Cambodia, Laos, Indonesia, Myanmar, Philippines, Madagascar
and Taiwan other than India providing ITD Cem with international exposure

 Provides its Indian subsidiary with access to its technologies and know-how as well skilled personnel

 Provides the Company with access to international design and engineering organisations

* 1 Baht = Rs. 1.89

Page 11
ITD’s Main Area Of Operations
Mass Rapid Transport Systems: Construction of tunnels, underground railway stations and installation of the
train system

Airports: Design and construction of runway, hangar, passenger terminal and various utilities at airports
Industrial structures and power plants: Construction of refineries, industrial estates, cement and power
plants
Dams and Tunnels: Construction of earthfill, rockfill and concrete dams, matched with tunnel construction for
irrigation, potable water transmission, power generation, highways and railways
Buildings: Full service delivery of all types of buildings, from conceptual design to final decoration and fitting
ranging from residential buildings to sports stadiums and gymnasiums to industrial structures

Roads: Roads, bridges, flyovers and canals

Marine construction services: Dredging, silt removal, land reclamation, port and wharf developments, port
cargo handling areas, breakwaters and coastal erosion protection
Pipelines and utility works: Pipelines for potable water, raw water, waste water, drainage, oil and gas through
rural and urban environments
Steel structures: Manufacture of complete steel structures and fabricated structural elements required for
civil engineering construction works

Telecommunications: Installation of public telephone network

Mining: Management & operations of Mines

Page 12
ITD’s Major Projects

The Mahidol Dentistry Building (Somdetphrapinkhlao BLCP 2 x 700 Mw Coal Fired Power Plant (Civil Works) Bangkok Mass Transit System Extension Project
Hospital )

Ramindra - At Narong Expressway System COCO Coal Handling System HDPE Tailing and Decant Piping Installation

Page 13
 ITD’s Major Projects – contd..

Bangkok Garden Condominium Maw Taung Coal Mining, Burma Delhi Metro – BC24

Thappline for Suvarnabhumi Airport Dedicated Line Nam Theun 2 Hydroelectric Project Contract CW1 and Bang Khen Water Treatment Plant , Bangkok
CW3

Page 14
 ITD Cementation’s
Financial Performance
Summary

Page 15
KEY FINANCIALS
STANDALONE Rs. mn
6M Jun 2017 2016 2015 2014 2013 2012 2011 2010 2009
REVENUE 9,918 29,253 27,361 13,524 12,248 12,805 12,974 10,719 9,797
PBT 558 944 352 (676) 93 267 220 122 77

PBT 558 944 (888) 280 93 267 220 122 77

PBIDT 1,254 2,155 512 1,773 1,584 1,662 1,490 1207 1098

PAT 322 481 (593) 194 93 220 226 94 54

CASH PROFIT 592 804 (345) 488 428 580 568 402 360

EPS 2.31 3.10 (3.82) 15.14 8.08 19.08 19.60 8.15 4.69

NETWORTH 5,792 5,507 5,082 5,678 4,084 4,005 3,812 3,613 3,539
DEBTS 4,915 3,562 4,883 6,708 6,950 6,873 6,334 5,247 4,966

DIVIDEND % - 30% - - 10% 20% 20% 15% 10%

CONSOLIDATED
6M Jun 2017 2016 2015 2014 2013 2012 2011 2010 2009
REVENUE 10126 30,886 30,687 17,124 15,784 16,338 17,121 14,622 14,746

PBT 706 736 394 (686) 239 311 282 207 159
PBT 706 736 (846) 269 239 311 282 207 159

PBIDT 1411 2,351 898 2,051 1,965 1,975 1,762 1,544 1492

PAT 323 481 (593) 194 93 220 226 94 54

CASH PROFIT 596 931 (227) 621 535 726 646 512 537
EPS 2.31 3.10 (3.82) 15.14 8.08 19.08 19.60 8.15 4.69

NETWORTH 5,792 5,507 5,082 5,678 4,084 4,005 3,812 3,613 3,539
DEBTS 4,915 4,630 6,007 7,653 7,695 7,837 6,517 5,468 5,004

Page 16
After exceptional items
Order Book Analysis

Page 17
Order Book: Sector Breakup
Rs. mn
Order book of Rs. 82,121 mn as on June 30, 2017. No .
• As on June 30, 2016 Size %
(Major)
L1 projects in line worth around 20,112 mn
Hydro / Dams / Tunnels / 7,333 6 9%
Irrigation
Marine, Hydro / Dams / Tunnels / Irrigation and Urban Infrastructure / MRTS
form more than 95% of order book as on June 30, 2017 Urban Infrastructure / MRTS 48,055 15 59%
Other sectors include transportation, specialist works and industrial. Marine 22,374 12 27%
Major recently awarded projects included in order book are :
Specialist Works 1,580 14 2%
 Development of Multipurpose Terminal in Inner Harbour of
Visakhapatnam Port Trust worth 1,817 mn. Industrial 487 1 1%
 Fifth oil berth at Jawahar Dweep at Mumbai Harbour worth 3,205 mn Buildings 1,113 3 1%
 Construction of Ten No. Elevated Metro Stations Excluding Viaduct On Highways, bridges & flyovers 1,179 4 1%
The East-West Corridor in Reach - 3 of Nagpur Metro Rail Project worth
4,457 mn Total 82,121 55
 Design and construction of underground section including 3
underground stations for Mumbai Metro worth 28,301 mn (our share
11,320 @ 40%).
• Construction of Multi Modal IWT terminal for Haldia- West Bengal Buildings, 3%
worth 5,174 mn
Hydro / Dams
• Improving the Capacity Utilization of OR-I & OR-II Berths for
/ Tunnels /
Visakhapatnam Port Trust 1,677 mn Irrigation,
• Design and Construction of Elevated Viaduct for Nagpur Metro Rail 12%
Corporation worth 3,722 mn
Urban Marine, 41%
• 4 Nos. projects - Construction of elevated structures (viaduct & Infrastructure
stations) for Bangalore Metro Rail Corporation Ltd worth 6,895 mn, / MRTS, 37%
6,838 mn, 4,855 mn & 5,114 mn Specialist
Works, 2%
• Underground construction of RCC Box Tunnel in underground
Bimanbandar Station Yard using diaphragm wall, H-Pile, plunge pile for Highways,
Industrial bridges &
Metro railway, Kolkata worth 3,068 mn Structures, 1% flyovers, 4%

Page 18
Order Book: Sector Breakup – contd..
Rs. mn

As on June 30, 2017 Size % Government PSU's Private

Government 21,693 26% Private, 17% Government,

26%

Public Sector Undertakings 13,744 57%

Private 46,684 17%

Total 82,121 PSU's, 57%

Sector Major Clients

Meghalaya State Electricity Board, Govt. of AP, Indian Railways, PWD, Ghaziabad Development
Government
Authority, NOIDA, CPWD, Airport Authority of India, Hooghly River Bridge Commissioners etc.

Ennore Port Ltd., Konkan Railway Corp. Ltd., NBCC Ltd., Bridge & Roof, Chennai Metro Rail Corp. Ltd.,
Chennai Petroleum Corp. Ltd., Delhi Metro rail Corp. Ltd., Bangalore Metro Rail Corp. Ltd., Rail Vikas
Public Sector Undertakings Nigam Ltd., Rites Ltd., Kolkata Environmental Improvement Investment Program (KEIIP), West Bengal
Housing Infrastructure Development Corp. Ltd., Mumbai Metro Rail Corp. Ltd, Nagpur Metro Rail
Corp. Ltd etc.
Tuticorin Coal Terminal Pvt. Ltd., Gangavaram Port Limited, Nhava Sheva (India) Gateway Terminal
Pvt. Ltd., Karanja Terminals & Logistics Pvt. Ltd., JSW - Jaigarh Port Limited, Adani Port & Special
Private Economic Zone Ltd., Tata Power Co Ltd., SEPCO Electric Power Construction Corporation, Reliance
Industries Limited, IHI Corporation, Toyo Engineering India Ltd., Punj Lloyd Ltd., IL&FS Paradip
Refinery Water Ltd., Jindal Power Ltd., Bharat Mumbai Container Terminal Pvt. Ltd., PSA, IIC Ltd. etc.
Page 19
Operations & Management

Page 20
Business Operations
Urban Infrastructure / MRTS: Increasing
Focus
 Scope: Construction of Mass Rapid Transport
Systems and airports (integrated passenger
terminals and allied services)
 Key Projects Executed: DMRC CC32, Delhi

 8.3 kms of tunneling for Delhi Metro

 7.1 kms viaduct for Delhi Metro

 21 stations for Delhi Metro

 Major Projects under Execution:

 Construction of Delhi Metro, Bangalore Metro,
Kolkata Metro, Jaipur Metro. Delhi Metro CC26 Project

 Mumbai Metro and Nagpur Metro

 Order Book: Outstanding order book of Rs.

47,051 mn as on June 30, 2017

Delhi Metro CC26 Project

Page 21
Business Operations …(2)
Marine: Market Leadership Position
 Scope: EPC services for marine structures including
 Construction of jetties, dolphins and service platforms
 Construction of quay, berths on concrete and steel piles as well as sold
gravity type wharf structures
 Construction of ship lift, dry dock, wet basin and inclined berth
 Building of jetties for handling liquid and solid cargo, wharfs, berths and
quays for handling of containers
 Key Projects Executed: JSW, Jaigad
 Shiplift facility civil works for Indian Navy at Karwar
 Liquid chemical jetty at Dahej for Gujarat Chemical and Port Terminal
 Dock modernization project at Mazagon docks
 Dry dock for Garden Reach Shipbuilders & Engineers at Kolkata
 Design and Construction of Wharf Structure at Nhava Sheva (India)
Gateway Terminal, JNPT
 Major Projects under Execution:
 Dredging and reclamation works for development of 4th container
terminal in Jawaharlal Nehru Port (JNP)-Phase-I
 Marine Facilities at Karanja Creek Ennore container terminal, Chennai
 Development of West Quay North (WQ 7 & WQ 8) Berth In Inner
Harbour of Visakhapatnam Port ( Left Over Works)
 Development of Multipurpose Terminal in Inner Harbour of
Visakhapatnam Port Trust
 Civil works for the project of 5th oil berth at Jawahar Dweep in Mumbai
Harbour
 Construction of Multi Modal IWT terminal for Haldia- West Bengal
 Improving the Capacity Utilization of OR-I & OR-II Berths for
Visakhapatnam Port Trust 1,677 mn

 Order Book: Outstanding order book of Rs. 22,374 mn as on June 30,

2017 MuPT Oil Berth 5
Page 22
Business Operations …(3)
Special Projects: Market Leadership Position
 Scope: Foundation and specialist works
 Services offered include geotechnical investigations, piling,
diaphragm walling, sandwicks / band drains, vibrofloatation
stone columns / vibro compaction, drilling and grouting, rock /
soil anchors, colcrete, gunite / shotcrete, grouted mattress,
repairs, tube heading and box pushing
 Key Projects Executed:
 Execution of civil works (piling) for 4 x 600 MW O P Jindal Super
Thermal Power Plant at Tamnar, Raigarh, Chattisgarh
 Diaphram wall for Sabarmati Civil Works Wadala
 Diapharam wall for DMRC
 Four subways in Chennai through box pushing
 Piling works for Paradip refinery
 Piling, Civil and Temporary Construction Facility Works for GIR
Project at Dahej, Gujarat
 Major Projects under Execution:
 Construction of Foundation for Stacker Cum Reclaimer Track, Yard
Conveyor & Transfer Tower and Drains at Stockyard (JSW Jaigad)
 Civil Work For Tank Foundation (including Precast Driven Piles) at H-2
Plot at Haldia , West Bengal. Piling & Civil Arctech, Gangtok
 Piling Works for Polypropylene Plant at Indian Oil Corporation Limited,
Paradip Refinery, Odisha
 Construction of Diaphragm Wall in Pump House 2 & 3 on Saurashtra
Branch Canal at Surendranagar, Gujarat.
 Working of Ple Installation and Load Testing for Hardugang Thermal
Power station
 Piling and Associated Works at Panipat Refinery for BS - VI Project of
IOCL, Panipat.

 Order Book: Outstanding order book of Rs.1,580 mn as on June

30, 2017 Foundation BASF, Dahej
Page 23
 Business Operations …(4)
Hydro / Dams / Tunnels / Irrigation
 Scope: Construction of concrete, earth fill and rock fill dams
and tunnels

 Key Projects Executed:

 Completed projects like constructing pumping stations,
power houses, tunnels, intake structures, headrace
tunnels, pressure shafts and penstock pipes (fabrication
and laying) KRCL Tunnel
KRCL Tunnel

 Diversified into construction of hydro projects by

undertaking 150 MW pumped storage plant near Mumbai
for Tata Power

 Projects under Execution:

 Tunnel work at Umtru hydro electric power project

 Tunnel works at Jammu for KRCL

 Laying of Water Trunk Main from Garden Reach Water
Works to Taratala Valve Station and Laying of Sewer Line New
New Umtru
Umtru HH EE Project
Project
along Diamond Harbour Road by Microtunelling Method
fro KEIIP
 Providing and laying 1400mm dia / 1800mm dia. rcc np4
class drainage gravity line by micro- tunneling method,
Vadodara

 Laying of Trunk Sewer along James Long Sarani by

Microtunneling Method , Kolkata
Order Book: Outstanding order book of Rs. 7,333 mn as on June
30, 2017
VMSS – Micro Tunneling Vadodara
Page 24
Business Operations …(5)
Highways, bridges & flyovers: Major Player
 Scope: Construction of roads, bridges and
flyovers
 Key Projects Executed:
 Completed road projects of over 230 kms in
Maharashtra, Madhya Pradesh, Andhra Pradesh and Elevated Road Noida
Tamil Nadu for NHAI

 Elevated Road, Noida from PWD Delhi

 Ghaziabad ROB

 Projects under Execution:

 Construction of 6 Laning of Pune Satara Road (NH 4) - PWD Delhi
Package 1

 Elevated road, Noida

 Railway bridge, Nashik

 Order Book: Outstanding order book of Rs. 1,179

mn as on June 30, 2017

Pune Satara
Page 25
Business Operations …(6)
Industrial
 Scope: Construction of civil structures for refineries,
petrochemicals, power, steel and fertilizer plants
 Potential for high growth
 Key Projects Executed:
 Plant building and offsite facilities at Unchahar for NTPC
IHI Mundra
 Piling and civil works for IFFCO at Aonla and Phulpur
 Civil works for water supply package at Bakreswar
thermal power project
 General civil works at Sasan for Reliance
 Kawai Power project
 Construction of General Civil Works and Building Utilities
For 200 KV GIS Building at Mahalaxmi, Mumbai.

 Projects under Execution: Tata Project, Mahalaxmi, Mumbai

 Construction of LNG storage tanks at Mundra
 Civil, Structural Fabrication & other works for Rath Chakra
Polypropylene project of IOCL at Paradip

 Order Book: Outstanding order book of Rs. 487 mn

as on June 30, 2017

IHI Mundra
Page 26
Business Operations …(6)
Buildings
 Scope: Construction of civil structures for
Academics Institutes, Residential, Complexes etc
 Potential for high growth
 Key Project executed:
 Haj Tower, Kolkata Haj Tower, Kolkata

 Projects under Execution:

 Construction of Super Structure (G+15) for Unified
Academic Campus of Bose Institute, Salt Lake,
Kolkata, West Bengal.
 Construction of Different Buildings under phase-I for
IIT Ropar at Ropar, PunjabIncluding Water Supply,
Bose Institute, Kolkata
Sanitary Installations, Internal Electrical Installation,
Roads, Drainage & Sewerage.
 Architectural Finishing, Plumbing, Tubewell, VAC,
Electrical, Fire Fighting Works For 6 Elevated Stations
for Kolkata Metro

 Order Book: Outstanding order book of Rs.

1,113 mn as on June 30, 2017
IIT, Ropar
Page 27
Business Operations …(7)
Water and Waste Water: Increasing Focus
 Scope: Recently diversified into water and waste water
segment undertaking projects for water transmission and
treatment plants
 Potential for high growth
 Key Projects Executed: Limited presence in the segment
and increasing focus going forward
Bhama Askhed Water Supply Project
 Water transmission line at Tallah Palta for Kolkata
Municipal Corporation in JV with parent, Italian Thai
Development Company
 Projects under Execution:
 Procurement of Ground Water Treatment Plants -
Design, Construction, Supply, Installation,
Commissioning including Mechanical & Electrical
Equipment and Operation in Agartala
Agartala WTP project
 Rehabilitation and Refurbishment of Water Works at
Palta and Garden Reach.
 Designing, Providing, Constructing, Erecting, Testing
& Commissioning of Intake Channel, Jackwell, Pump
House, Break Pressure Tank and other related works
for Bhama Askhed Water Supply Scheme, Pune
 Order Book: Outstanding order book of Rs. 1,004 mn
as on June 30, 2017
Break pressure tank work in progress, Bhama, Pune
Page 28
Equipment and Manpower Base
 List of major equipments:
Equipments Number of units
Hydraulic and rotatory rigs 38
Cranes (Crawler) 38
 Strong and experienced work force of 1,900
Crane (Tyre) 19 employees
Crane (Truck) 11
 Additionally around 3,000 labor work force
Excavators & Backhoe 47
Crushers 3
Batching plants 34
Sensor Pavers 6
Hot Mix Plants 1
Launching segment girder 4
TBM (incl. Micro tunneling 8
machines)
Cantilever Gantry 6
Hydraulic RCD Rig 1

Capable manpower and strong equipment base to execute order book

Page 29
Way Forward
Learning & Growth Perspective
 Focus on team building to cope with sustainable growth
 Focus on training our key staff to enhance their operational productivity.

Customer Perspective
 Focus on on-time completion of the projects.
 Endeavour toward an injury free environment.
 Continue to improve our quality and environment standard

Internal Perspective
 Focus on cash positive and margin accretive projects
 Focus on claim realization
 Focus on an innovation for efficiency increase and cost reduction

Business Perspective
 Focus on segments where ITD Cem has strength & capabilities – marine & specialized projects
 Focus on new segments where parent has experience & expertise – airport, MRTS, micro tunnel, low
cost housing.
 Focus to grow Industrial segment to contribute 10-15 % of revenue
 Bidding for larger & complex projects in collaboration with international majors

Page 30
THANK YOU

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