KEC International Limited is an infrastructure EPC major with a global footprint. The presentation provides an overview of KEC International, including its businesses, financials, leadership, and disclaimers. It discusses KEC's various business segments such as transmission and distribution, cables, railways, civil, solar, and smart infrastructure. The presentation also provides industry outlook details on growth opportunities across regions for transmission and distribution, cables, railways, civil, smart infrastructure, and solar.
2. Disclaimer
This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections
about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures, and
financial results, are forward looking statements. Forward looking statements are based on certain assumptions and expectations of future events
and involves known and unknown risks, uncertainties and other factors. The Company cannot guarantee that these assumptions and expectations
are accurate or exhaustive or will be realised. The actual results, performance or achievements, could thus differ materially from those projected in
any such forward-looking statements. No obligation is assumed by the Company to update the forward-looking statements contained herein.
The information contained in these materials has not been independently verified. None of the Company, its Directors, Promoter or affiliates, nor
any of its or their respective employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether
arising in tort, contract or otherwise, for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage
suffered or incurred howsoever arising, directly or indirectly, from any use of this document or its contents or otherwise in connection with this
document, and makes no representation or warranty, express or implied, for the contents of this document including its accuracy, fairness,
completeness or verification or for any other statement made or purported to be made by any of them, or on behalf of them, and nothing in this
document or at this presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. The
information and opinions contained in this presentation are current, and if not stated otherwise, as of the date of this presentation. The Company
relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. The Company undertake
no obligation to update or revise any information or the opinions expressed in this presentation as a result of new information, future events or
otherwise. Any opinions or information expressed in this presentation are subject to change without notice.
This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer to purchase
or subscribe for, any securities of KEC International Limited (the “Company”), nor shall it or any part of it or the fact of its distribution form the basis
of, or be relied on in connection with, any contract or commitment or to be relied in connection with an investment decision in relation to the
securities of the Company therefore any person/ party intending to provide finance / invest in the shares/businesses of the Company shall do so
after seeking their own professional advice and after carrying out their own due diligence procedure to ensure that they are making an informed
decision. Neither the delivery of this document nor any further discussions by the Company with any of the recipients shall, under any
circumstances, create any implication that there has been no change in the affairs of the Company since that date. This presentation is strictly
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3. 3
Contents
RPG Group
Page 04-05
Page 14-37
Business Overview
Management Team
Financial Overview
Business Overview
Page 18-26
Page 39-40
Page 27-32
Leadership Team
Page 11-13
KEC International
Page 06-10
Industry Overview
Page 14-17
Environmental, Social and Governance (ESG)
Page 33-36
5. 5
RPG Group: Powered by Passion, Driven by Ethics
Founded by Shri RP Goenka in 1979 One of India’s fastest growing conglomerates
Turnover in excess of USD 4 billion 20,000+ employees
Footprint in 105+ countries KEC acquired by RPG Group in 1982
Global EPC
Company; T&D,
Railways, Civil,
Solar, Smart
Infra, Oil & Gas
& Cables
Leading
manufacturer
of automobile
Tyres
Software
services provider
spread across
20 countries
Pharma
Company; wide
range medicines
in global generics
& synthetic APIs
Engineering
products &
services
company
One of India’s
largest plantation
companies; tea,
rubber & other
agro-products
KEC
International
CEAT Zensar
RPG Life
Sciences
Raychem
RPG
Harrisons
Malayalam
7. 7
KEC Overview
7+
DECADES
OF EXPERIENCE
& EXPERTISE
105+
FOOTPRINT IN
COUNTRIES
30+
ONGOING
PROJECTS IN
COUNTRIES
9000+
EMPLOYEES
35+ DIVERSE
NATIONALITIES
$1.8
BILLION
GLOBAL EPC MAJOR
40%+
BUSINESS
OVERSEAS
8. 8
KEC Overview
• Global infrastructure EPC major
• FY21 Sales: Rs. 13,114 crore (USD 1.8 billion)
• Eight manufacturing facilities across India, Dubai, Brazil and Mexico
Footprint in 105+ countries across the globe
EPC Footprint countries
EPC: 70+ countries
Tower Supply: 65+ countries
Cables Export: 80+ countries
Americas
Africa
Middle
East
Central Asia
Oceania
India &
South Asia
9. 9
Overview (contd.)
• Indian multinational infrastructure EPC major
• Over 7 decades of experience; presently executing 250+ projects
Sustained leadership in Power Transmission EPC
• Diversified across businesses and geographies
• Footprint in 105+ countries across 6 continents (EPC & Supply)
• Currently executing EPC projects in 30+ countries
Diversifying to mitigate risk
• Business spread across India, SAARC, Middle East, Africa, Southeast Asia, Americas and
Oceania
Strong global presence
• Order Book of ~Rs. 26,000 crore (including L1) (As on 30 June 2021)
Robust Order Book
• FY21 Sales: Rs. 13,114 crore (USD 1.8 billion)
Consistent Growth
12. 12
Board of Directors
H. V. Goenka
Chairman
Vimal Kejriwal
MD & CEO
A. T. Vaswani
Director
D. G.Piramal
Director
G. L. Mirchandani
Director
Nirupama Rao
Director
R. D. Chandak
Director
S. M. Trehan
Director
Vikram Gandhi
Director
M.S. Unnikrishnan
Director
13. 13
Management Team
Vimal Kejriwal
Managing Director & CEO
Neeraj Nanda
President – South
Asia (T&D, Solar &
Smart Infra)
Nagesh Veeturi
Executive Director –
Civil
Kaushal Kodesia
Executive Director –
Railways
Rajeev Agarwal
Chief Financial Officer
Anand Kulkarni
Executive Director –
Business Operations
Somraj Roy
Chief Human
Resources Officer
Gustavo Cedeno
Chief Executive
Officer – SAE Towers
Sanjeev Agarwal
Executive Director –
International
(T&D, Solar)
Manjit Singh Sethi
Executive Director –
Cables
Pankaj Kalani
Senior Vice President –
Finance and
Chief Executive - Oil &
Gas Pipelines
Sumant Srivastava
Chief Executive – KEC
Towers LLC and
Senior Vice President -
MENA
15. 15
Industry Outlook: Transmission & Distribution (T&D)
Region 2016-25 2026-40
India 291 566
Americas 410 619
Europe
(incl. East
Europe,
Eurasia)
544 755
Asia 1387 2310
Middle
East
95 218
Africa 202 598
Latin
America
158 288
Source: IEA's World Energy Outlook 2017, World Bank
T&D Capex – FY2016-40 ($Bn)
INDIA
• Last mile electrification; 24x7 Power for All
• Augmentation of transmission networks; addition of 1,00,000+ ckm of TLs &
2,90,000+ MVA of transformation capacity expected between 2017-22
Afghanistan, Bangladesh, Nepal, Bhutan
SAARC
• Expansion of India’s cross border interconnection
• Increase in private & multi lateral funding; focus on power generation & renewables
Malaysia, Thailand, Philippines, Georgia
EAP & CIS
• Initiatives funded by multilateral institutions to expand & upgrade power
infrastructure
Saudi Arabia, UAE, Oman
MIDDLE EAST
• Large power generating plants, interconnection lines planned
• Investment of ~ USD 34 billion for T&D expansion expected in next five years
Mozambique, Kenya, Uganda
AFRICA
• Low per capita electricity consumption; Interconnections planned
United States, Canada
NORTH AMERICA
• ~2,60,000 km of lines planned between 2014-35
• Upgradation of existing systems; estimated investment $1.77 Bn is expected
Brazil
SOUTH AMERICA
• Addition of ~2,28,000 km of lines expected by 2035
• Several cross-country lines planned
16. 16
Industry Outlook: Cables and Railways
CABLES
• Annual Indian market ~ Rs. 20,400 crore p.a. (USD 3.1 billion)
• Strong demand driven by power sector, real estate and industrial activity
• India’s aggressive plans for power sector, driving growth
• Demand for improved network quality expected to improve telecom tower and cable demand
RAILWAYS
• FY22 Budget Outlay of Rs. 2,15,058 crore expected to auger well for the sector
• 100% electrification target by FY23; i.e., 46,000 km of Broad-Gauge
• Urbanisation & strain on existing infrastructure driving investment in
• Regional Rapid Transit System – 8 corridors identified
• Metro systems probable for cities with 2 million population
• Dedicated Freight Corridor Corporation - North South, East West, East Coast, South West corridors
identified
• Connection to ports through new Rail networks; Diamond Quadrilateral project (bullet train)
• Modernisation of the signalling System by adopting and upgrading to ETCS Level II system
• Metro & RRTS; 1,016 km of metro and RRTS is under construction in 27 cities, focus on
emerging technologies such as ‘MetroLite’ and ‘MetroNeo’
17. 17
Industry Outlook: Civil, Smart Infra, and Solar
CIVIL
• Opportunities in the domains of smart cities, industrial corridors & infrastructure-linked Real
Estate development
• Promising outlook on residential sector, owing to increase in demand and Affordable & Mass
Housing schemes
• Opportunities under programmes such as Bharatmala, Sagarmala, and Namami Gange
SMART INFRA
• Smart City initiative; construction of 100+ smart cities
• BharatNet project; fibre connectivity at Gram Panchayat level
• Digital upgradation of utilities to enable peak load management, theft reduction, AT&C loss
reduction, etc.
SOLAR
• Developing countries such as SAARC, Africa and the Middle East focusing on expanding
power generation through Solar
• National Solar Mission; target to build 100 GW of solar capacity by 2022
19. 19
Transmission & Distribution (T&D)
• One of the largest Power T&D EPC
companies; footprint across 70
countries
• Global leadership with experience of
7+ decades
• Integrated solutions on turnkey basis
• Transmission Lines up to 1,200 kV
• Large size substations – Air Insulated
up to 1,150 kV, Gas Insulated up to
765 kV & Hybrid Substations up to
220 kV
• Leading turnkey provider of Optical
fibre cable laying & Optical ground
wire stringing
• Strong capabilities in ahead of
schedule & on-time delivery of
projects
765 kV Fatehgarh-Bhadla Transmission Line for a private
developer, Rajasthan
400 kV Air Insulated Substation, Tanzania
20. 20
Transmission & Distribution (T&D) (contd.)
SAE Towers, USA
Wholly owned subsidiary
• Leading manufacturer of steel lattice
transmission towers in the Americas
• 9+ decades of rich and diverse
experience in the region
• Executing EPC works in Brazil &
Mexico
• Products & services offered –
• End-to-end solutions for building
transmission lines & substations
• Manufactures transmission towers,
poles, substation structures,
hardware; Annual production capacity
of 102,200 MTs per annum
• Comprehensive Tower testing
solutions
500 kV Sapeaçu - Poções III Transmission Line, Brazil
Substation - Gantry Foundation in progress for 138 kV
Transmission Line, Nicaragua
21. 21
In-house capabilities for turnkey solutions
Design & Engineering
• In-house design centers with 275+ engineers across eight centres in
India, the Middle East and Americas
• >60 years library of transmission lines design database, including
towers, hybrid poles and monopoles; expertise across designing
substations (AIS, GIS, Hybrid) and solar structures
• Equipped with latest design, detailing and profiling software
Manufacturing
• Largest globally operating manufacturing capacity of 4,22,200 MTs p.a.
(including Transmission towers, Steel poles, Hardware, Structures for
Railways, Solar, and Substations)
• Railway structures’ manufacturing capacity of 48,000 MTs p.a.
• Solar Structures’ manufacturing capacity of 12,000 MTs p.a.
• Six tower manufacturing plants – 3 in India, 1 in Dubai, 1 in Mexico and
1 in Brazil
Tower Testing
• Only company in the world to have 4 tower testing stations - 3 in India; 1
in Brazil
• Capable of testing towers up to 1,200 kV; all types of towers - Lattice,
Guyed, Tubular and Mono Poles
22. 22
Railways
• Currently executing 30+ projects; electrified 30% of the Indian Railway network till date
• Complete turnkey solutions provider in the railway infrastructure EPC space
• Overhead Electrification systems
• Signalling & Telecommunication systems for outdoor and indoor installation including Electronic
Interlocking (EI) for new lines and capacity augmentation works
• Traction substations
• Doubling, tripling, and new railway lines including earthwork and track-laying
• Civil infrastructure such as bridges, tunnels, platforms, stations, residential buildings and workshops
• Electrification, track laying and other services in the technology enabled/ emerging growth areas of
Metros, DFCC and High-speed trains
• Manufacture of signalling cables, contact & catenary conductors, quad cables, contact
wires, dropper, jumper & feeder wires, earthing conductors, and galvanised steel structures
Bhopal-Itarsi Third Line project,
Madhya Pradesh
Ballastless track laying works,
Kochi Metro project
Villupuram-Thanjavur Railway
Electrification project, for RVNL
23. 23
Civil
• Focus on construction of factories, warehouses, residential buildings, commercial
complexes, data centres, airports, metros, water pipelines and water treatment plants
• Providing services in an area dominated by small unorganised players and few large
companies
• Established as a preferred agency in the construction of factories, especially Cement,
Automobile and Auto-ancillaries
• In the league of top 10 contractors executing the slip form technology in Silo Construction
• Currently executing 30+ projects
• Leveraging advanced digital technologies such as drones, photogrammetry, BIM, and IoT in
construction and utilising latest formwork technology and mechanisation tools
• Seven decades of experience executing various civil works across the business
Construction of high-rise residential
towers at Bangalore, Karnataka
Cement manufacturing plant at
Jamshedpur, Jharkhand Delhi Metro Rail project, New Delhi
24. 24
Solar
• Capabilities to execute large scale projects >150 MW
• Significant experience in Single Axis Tracker implementation
• Proficiency in Design, project feasibility analysis across large-scale Solar Photovoltaic
Power plants, backed by project management & execution capabilities
• Supply/sourcing of key equipment and structures
• Complete range of civil works and O&M services
• Integrated EPC solutions for solar generation and evacuation
• Preferred EPC status with large international developers
30 MW Tracker Based Installation,
Andhra Pradesh
20 MW Solar Carport project,
Haryana
150 MWp Ground Mount Solar
Project, Rajasthan
25. 25
Smart Infra
• Launched Smart Infra vertical in
FY 2018-19
• Focus on Smart Cities &
Communication, Smart Grid and
Smart Mobility
• Business aligned with Government
of India’s agenda of enhancing
India’s digital infrastructure and
building 100+ smart cities
• Currently executing two projects in
the core Smart City & Smart Grids
domain and two airport perimeter
security projects
• Commissioned Command &
Control Centre, Biometric System
and Digital Outdoor Displays for
Aurangabad Smart City Project;
Investor Management Solution
and Chatbot for Bidkin Smart City
HDPE duct & Environmental Sensors for Bidkin Smart City
Command and Control Centre at Aurangabad Smart City
26. 26
Cables
• Extensive range of cables & turnkey
cabling solutions offered in 30+ countries
• Two fully integrated facilities,
manufacturing a wide range of Power
(HT, LT and EHV up to 220 kV), Control
& Instrumentation, Telecom, Solar,
Railway Signalling Cables and Railway
Contact & Catenary Conductors
• Manufacturing capacity includes:
- Power (~40,000 km p.a.)
- Instrumentation (3600 km p.a.)
- Optical fibre (8 lakh fiber km p.a.)
- Copper telecom (6 lakh conductor km
p.a.)
- Catenary conductors (2,040 MTs p.a.)
- Contact wire (3,240 MTs p.a.)
• Pioneered production of cross-linked
polyethylene (XLPE) cables in India
• Accredited with ISO 9001, ISO 14001
and OHSAS 18001 certifications
Railway products plant at Cables manufacturing
unit, Vadodara, Gujarat
Cables manufacturing unit, `Mysore, Karnataka
28. 28
Order Intake & Order Book
Order Book + L1 of Over Rs 26,000 Crs
Order Intake YTD FY22
Domestic : 69% International : 31%
T&D : 27% SAE : 12%
Jun’21 Order Book
Domestic : 63% International : 37%
T&D: 49% SAE : 5%
39%
31%
10%
20%
T&D Civil Cables Railways
YTD Order Intake
Rs 4,401 Crs
54%
19%
2%
24%
1%
T&D Civil Cables Railways Others
Order Book
Rs 20,434 Crs
29. 29
Key Performance Highlights – Q1 FY22 (1/2)
❑ Consolidated Highlights for Q1 FY22 v/s Q1 FY21
▪ Revenue of Rs. 2,540 Cr - Growth of 15%
▪ EBITDA Margin at 6.3% against 8.8%
▪ Interest cost as % to sales improves to 2.6% from 3.0%
▪ PBT Margin at 2.3% against 4.4%
▪ PAT Margin at 1.8% against 3.2%
❑ Standalone Highlights for Q1 FY22 v/s Q1 FY21
▪ Revenue of Rs. 2,338 Cr - Growth of 24%
▪ EBITDA Margin at 9.6% against 11.1%
▪ Interest cost as % to sales improves to 2.5% from 3.2%
▪ PBT Margin at 6.0% against 6.7%
▪ PAT Margin at 4.4% against 4.8%
30. 30
Key Performance Highlights – Q1 FY22 (2/2)
❑ Achieved Order intake of Rs 4,401 Cr with a robust growth of more than 2 times over last year
▪ Order Intake momentum continues in T & D with orders across India, SAARC, MENA, Africa
& Americas
▪ Diversification story in new areas of Railway continues with breakthrough orders in Third
Rail for Metros and Speed Upgradation
▪ Strengthened presence in Urban Infra with a significant order for construction of elevated
viaducts and stations
❑ Robust Order book + L1 Pipeline of over Rs. 26,000 Cr
34. 34
Green Portfolio (1/2)
• Effective way of transporting
energy with maximum
efficiency and minimum
carbon footprint
• Focus on Green Energy
Corridor (GEC) projects to
ensure transmission of clean
and reliable renewable energy
TRANSMISSION & DISTRIBUTION
• Providing clean water by
building cross-country water
pipelines
• Building energy-efficient
factories and residential
complexes
• Constructing industrial plants
to convert municipal waste to
energy
CIVIL
• More efficient than road in terms
of energy efficiency and land
utilisation
• Electrification of Indian Railways
to preserve fossil fuels and curb
pollution
• Optimisation of resources
through innovative engineering
solutions
RAILWAYS
• Most effective way of urban
commuting; Reduces
consumption of fuel and
pollution
• Use of precast/prefab
construction techniques, which
are environmentally friendly and
generate less carbon footprint
URBAN INFRASTRUCTURE
Our portfolio of businesses promote environment sustainability by efficient usage of natural resources
35. 35
Green Portfolio (2/2)
• Construction of large solar-
based power generation
plants, which have one of the
lowest lifecycle emissions
• Innovative industrial solar
solutions leading to reduced
dependency on fossil fuels
SOLAR
• Energy-efficient and
environment – friendly mode
for transportation of gas, crude
oil, and petroleum products
• Promoting utilisation of gas-
based clean energy
OIL & GAS PIPELINES
• Developing Smart Cities to
encourage efficient use of resources
• Solid waste management solutions
for a Swachh Bharat mission
• Environment monitoring and city
surveillance solutions to improve
quality of life of citizens
SMART INFRA
• Enhancing energy efficiency through
reduction in T&D losses
• Improving land utilization through
Underground Cabling solutions
• Developing innovative cable designs
such as Hybrid cables to minimize
consumption of raw materials
CABLES
Our portfolio of businesses promote environment sustainability by efficient usage of natural resources
36. 36
Commitment to ESG
KEC is committed to delivering excellence and outperformance with unwavering focus on embedding
sustainable practices towards improving Environment, Society, Safety and Governance
Unleash
Talent
Touch
Lives
Enabling environment for people to
unleash their entrepreneurial spirit and
realise their full potential
To understand, care and make a
meaningful difference to customers,
employees, society & all stakeholders
Sustained & clear outperformance
relative to all our competitors & industry
on financial and non-financial metrics
that matter
To have fun by creating high-energy
environment with a keen sense of
belonging and smiling faces everywhere
Human Capital
Management
Diversity & Inclusion
Occupational Health
& Safety
Quality and Service
Delivery
Customer Centricity
Local Community
Development
Financial
Performance
Digitalization and
Innovation
Water-Positive
Approach
Decarbonization
Circularity
Sustainable
Procurement
Corporate Governance
ESG Focus Areas
Strategic ESG Pillars
Outperform
37. THANK YOU
www.kecrpg.com
Registered Office
RPG House, 463, Dr. Annie Besant Road, Worli, Mumbai - 400 030.
Phone: +91-22-6667 0200 Email: kecindia@kecrpg.com
Global Footprint in
100+ countries*
*Includes EPC and Supply
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