41
July 2009 Private and Confidential Punj Lloyd Limited Investor Presentation
July 2009
Private and Confidential
Punj Lloyd Limited Investor Presentation
2
Punj Lloyd Group: Business Overview
Agenda
Financial Highlights
Key Investment Highlights
Punj Lloyd Group: Business Overview
4
Punj Lloyd Group
Operates in the hydrocarbons and infrastructure sectors spanning across India, Middle East, Europe, Central Asia, South Asia and South East Asia
Operates in Polymers & Petrochemicals, Chemicals, Green Technology, Pharmaceuticals & Biotech, Power, Nuclear and Plant Relocation
Operates in transportation, infrastructure, buildings, utilities, power and environmental industries
Punj Lloyd Group (the “Group”)
• Leading EPC player in South East Asia, Middle East and India• Present in over 20 countries in Middle East, Europe, Central Asia, South Asia and South East Asia
• Ranked 55 in ‘Top 225 international contractors’ for the year 2008 published by ENR (Engineering News Record)
Punj Lloyd Sembawang Engineers &
Constructors
Simon Carves
Punj Lloyd Group
5
EngineeringEngineering ProcurementProcurement ConstructionConstruction Post CompletionPost Completion
Feasibility Study
Master Plan
Technology Packages
Concept Design / FEED
Cost Estimates
Detailed Multi-disciplinary Design
Validation
Procurement Services
Material Management
Project Management
Construction Management
Construction Services
Commissioning
Start-up / Training
Ongoing technical support
Turnaround support
O&M
Technology improvements
De-bottlenecking
Plant Expansions
Statutory inspection
Punj Lloyd provides a complete range of services across verticals in the Infrastructure sector
Total Delivery Capability
6
PUNJ LLOYD LIMITED
CASPIAN
PUNJ LLOYD KAZAKHSTAN LLPATYRAU
ASIA PACIFICPUNJ LLOYD PTE
SINGAPORE
SOUTH ASIAPUNJ LLOYD LIMITED
NEW DELHI
REGIONAL HEADQUARTERS
MIDDLE EASTPUNJ LLOYD LIMITED
ABU DHABI
UK
INDONESIA
KAZAKHSTAN
LIBYA
VIETNAM
QATAR
OMAN
SAUDI ARABIA
YEMEN
UAE
INTERNATIONAL OFFICES
DAYIM PUNJ LLOYD CONSTRUCTION
CONTRACTING CO LTDSAUDI ARABIA
JOINT VENTURECOMPANIES
PUNJ LLOYD UPSTREAM LIMITED
KAEFER PUNJ LLOYD LTDINDIA
PIPAVAV SHIPYARD LTDINDIA
AIRWORKS
Organizational Structure
OLIVE GROUP B.V
North AfricaPUNJ LLOYD LTD
TRIPOLI
7
PUNJ LLOYD GROUP
INTERNATIONAL OFFICESFounded in 1989, Punj Lloyd is a leading EPC player in
South East Asia, Middle East & India
Over 20 years of experience in the hydrocarbons and infrastructure sectors
Offers a range of project delivery solutions such as:– Oil & Gas: Onshore & offshore pipelines, field
development, gas processing– Process: Refineries, polymers & petrochemicals– Power: Thermal, nuclear– Utilities: Water & sewage treatment facilities,
reservoirs– Infrastructure: Subway & metro systems, airports,
highways & expressways, bridges, flyovers– Buildings: Hospitality & leisure, commercial,
industrialOrder Backlog as on July 14, 2009 : US$ 6,340 million
Major Achievements:
Pipelines: All terrain pipeline specialists, over 9,000 km, up to 48” dia
Tankage & Terminals: Only contractor involved in construction of all three LNG terminals in India
PUNJ LLOYD LTD SEMBAWANG E&C SIMON CARVES
The Group acquired 100% ownership in June 2006
Over 25 years of professional excellence in transportation, infrastructure, buildings, utilities, power, environmental industries
Largest EPC contractor in South East Asia; offers services such as: – Master Planning– Concept Design– Detailed Engineering Design– Development Management– Construction Management– Main Contracting
Order Backlog as on July 14, 2009 : US$ 2,280 million
Major Achievements:
LRT Projects: Main Contractor for 2 of 3 Light Rail Projects currently in operation in Singapore
CWRP Projects: Main Contractor for 4 contracts in the world’s largest wastewater program
Kallang Paya Lebar Expressway (Singapore): The most advanced underground tunnel expressway in Southeast Asia
Founded in 1881, Simon Carves became a wholly owned subsidiary of Sembawang E&C in May 2001
125 years of experience in Polymers & Petrochemicals, Chemicals, Green Technology, Pharmaceuticals & Biotech, Power, Nuclear and Plant Relocation
Offers a complete range of engineering services, such as:– Detail Design– Procurement– Construction– Commissioning
Order Backlog as on July 14, 2009 : US$ 220 million
Major Achievements:
Ensus: World’s largest wheat derived bioethanol plant
P4: Project Major alliancing to deliver a cost effective large agrochemicals plant
D154: Alliance with the world renowned Rolls-Royce to redevelop Dockyard’s (DML) Plymouth facility for future refuel and refit of the Royal Navy’s fleet of nuclear powered submarine
Organizational Structure
*Includes Sembawang E&C and Simon Carves
8
Business Strategy for Sustainable Growth
Continue to focus on EPC contracts
and direct contracts from clients
Expand operations to other industries
and target high potential project
segments
Continue to expand operations in India and
internationally
Further enhance engineering and
design capabilities
Continue to focus on health, safety and environment
standards
Develop and maintain strong relationships
with clients and strategic partners
Focus on performance and project execution
Key Investment Highlights
10
Key Investment Highlights
Punj Lloyd is competitively positioned in the industry, poised for exponential growth
Significant Experience and Track Record
Professional and Experienced Management
Diversified Service Offerings and
Marquee Client BaseCompelling Industry
Dynamics
Superior ExecutionCapabilities
Strong International Presence
Diversified Service Offerings And Marquee Client Base
12
Heera redevelopment offshore platform, India
SGTP pipeline - Qatar
Natural gas pipeline in Tuas and Jurong area, Singapore
Cross country pipeline Baku – Tiblisi Gas pipeline
EPC refrigeration storage tanks at Jiangsu, China
Onshore gas development phase III, Abu Dhabi Gas Industries Ltd.
Sabah Sarawak EPC gas pipeline, Malaysia
East-west gas pipeline, India
Yemen LNG project for utilities & offsites, Yemen LNG Company Ltd., Yemen
Only Contractor to have carried out construction work in all the 3 LNG Terminals in India ( Dahej, Hazira & Dabhol)
Service Offerings And Project Experience
OIL&GAS
EPC services for onshore & offshore pipelines, onshore & offshore field development, gas processing, tankage and terminals
Owns a large fleet of sophisticated construction equipment including horizontal directional drilling rigs and pipe-laying barges
End to end capabilities in the complex cryogenic tank segment
13
Service Offerings And Project Experience
PROCESS
Carried out major refinery modernization and upgradation projects in India
Delayed Cocker Unit - IOCLMotor Spirit Upgradation – IOCLSulphur Block – 6 Indian refineriesCDU/VDU/VBU – Multiple Indian RefineriesHydrocracker Unit – Mathura Refinery
CRISTAL project, membrane chlorine plant; expanded Ti02 Yanbu, Saudi Arabia
Multifunctional bio-manufacturing centre for NBC, Liverpool
EPC for 300 KTPA LDPE plant, Thailand for PTT Polyethylene Co.
1,000 TPD sulphur burning acid plant, TCH Belgium
Ensus – World’s largest wheat based Bioethanol plant
LDPE Projects - EPC of large sized LDPE projects in Thailand, UK, Saudi and Iran
Planning, design, E&C services in turnkey and composite construction assignments
Solutions in refineries, polymers & petrochemicals, chemicals
14
POWER
TRANSPORTATION
EPC 3 x 700 MW power plant - BOP components, erection of turbine & generator and coal and ash handling plants, Malaysia2 X 250 MW Thermal Power Project in Rajasthan on EPC basisEPC high pressure piping system for 250MW Senoko power plant, Singapore
First bridge in Singapore linking the mainland to an offshore island
Interchange- 400m long dual carriageway supported by 9 striking arched piers and across a 180m long underpass, Singapore
Light Rapid Transit Systems - 29 stations and 21 Km of track, Singapore
Aircraft taxiway & runway & parking apron -CAAS, Singapore
MRT – Elevated and underground stations and tracks, Singapore
EPC services for the complete civil construction and balance of plant packages
Design, EPC services for mega civil infrastructure projects
Project delivery solutions include subway & metro systems, airports, highways & expressways, bridges, flyovers & interchanges, tunnels & caverns, seaports & terminals
Service Offerings And Project Experience (Contd.)
15
OTHERS
Wafer fabrication plant for TECH, Singapore
Army logistics base for Sembcorp Logistics, Singapore
Office complex for Allied Ordnance Co., Singapore
Business complex for German Centre for Industry & Trade, Singapore
Belvedere Court Residence for Modern Mills Ltd., Mumbai, India
Aviation Academy for Civil Aviation Authority, Singapore
Resort & Country Club for SAFRA, Singapore
Equipment Yard, Central Workshop Banmore, Madhya Pradesh
Daewoo automobile plant, Daewoo Motors, Delhi
Integrated design & construction services for all building types: commercial, residential, training facilities, industrial, healthcare, hospitality & leisure
Strength in ‘Design & Build’ fast-track projects with emphasis on value engineering
Plant Preservation
Horizontal Directional Drilling Solutions
Equipment Yard & Maintenance Facilities
Service Offerings And Project Experience (Contd..)
HIGH-SPECS
BUILDINGS
16
Strengthening The Core Business
Technodyne International Ltd UK
• In June 2008, Punj Lloyd acquired 74% stake in Technodyne, which is based in Eastleigh, UK
• Specialist in engineering design and consultancy for large cryogenic tanks
• Over 30 years of experience with more than 300 man years of work for industry
• Will enable the Group to provide end-to-end solutions for complete delivery of complex LNG systems
• Strong business potential - 67 Regasification and 22 Liquefaction terminals expected to be constructed worldwide between 2009 –2015
Simon Carves India Ltd: Expansion Plans
• A full spectrum design, engineering & consultancy company
• Team of 800 plus highly qualified, experienced and versatile engineers trained in different disciplines
• A 200 seat new office started in Hyderabad
• Further operation scale up planned from the 25 acre Electronic SEZ being developed by Punj Lloyd
17
Strategic Diversification: Pipavav Shipyard
Pipavav Shipyard Ltd• Punj Lloyd is a co-promoter of
Pipavav Shipyard Ltd (PSL)
• Developing shipyard near Bhavnagar coast, Gujarat
• Shipyard spread over 782 acres with 281 acres of fully developed water front
• Two dry docks planned; Among the largest dry dock shipyards with a berth size of 651 X 65 mtrs
• Total capital investment in excess of US$ 500 million
• Order book of US$ 1.1 billion plus for Panamax Vessels
• Recent order from ONGC for US$ 110 million for OSVs
• RFIs/RFPs worth approx. US$ 3 billion being pursued
Indian Shipyard comparative(by berth size)
651x65
270x45255x43240x53
162x25155x30
ABG GardenReach
HindustanShipyard
CochinShipyard
CochinShipyard
PipavavShipyard
Planned Offshore Fabrication Yard - Pipavav• Offshore fabrication yard planned at
Pipavav
• Large offshore construction market
• Market size of US$ 20-25 billion over the next five years (1)
• Pipavav will have a state of the art block-making facility for fabrication of hull blocks, with world-class facilitiesincluding:
• Central Steel storage, surface treatment and CNC marking shop
• Pipe fabrication shop
• Electrical shop
• Shipwright shop
• Machine shop
• The offshore fabrication yard will give Punj Lloyd significant edge in offshore construction segment
• Ideally located to serve Indian and ME market
• Will be the second fabrication yard in India
Note: (1) Based on a market study by Ernst & YoungPipavav shipyard is 3 times larger than the next largest shipyard in India
18
Strategic Diversification: Defence Business
Defense Initiatives
• Manufacture and assembly facility for land system to be set up near Gwalior
• Licenses received for infantry weapons, guns, rocket & missile artillery systems, electro
optical system, fire control system
• MoU signed with EADS for Eurocopter/ Eurofighter program
• Aviation component manufacturing facilities to be set up near Bangalore; Existing access
to private airstrip
• Naval shipbuilding (frigates, vessels, submarines) and naval vessel refurbishment to be
carried out from Pipavav Shipyard
• Ongoing discussions with Northrop Grumman, General Dynamics, Lockheed Martin,
Raytheon etc.
Compelling Industry Dynamics
20
Industry Overview
Industry Characteristics Key Industry Drivers
Highways/Roads• Substantial investment
planned • Government of India
attracting FDI for infrastructure projects
• Significant investment of approximately US$76 billion is planned for upgrading the road network
Oil• Increasing demand
from Asia• With equities front-
running the economy, oil prices are expected to recover in 2009, driving growth
Power• Significant supply
shortage in India• India has one of the
lowest electricity consumption levels
• Investment of approximately US$150 billion is envisaged during 11th plan
Construction and
EngineeringDemand
Gas• LNG considered as the
fuel of the future• Pipes constitute cheapest
form of transport
1
2
3
4
5
Engineering construction activity integral to energy industry, infrastructure and industrial development
Dominated by a few industry majors
High barriers to entry
Credibility and experience provides competitive edge
Industry is witnessing robust growth
21
$470 $491 $520 $555 $578 $608 $631$684
$740$809
$887$967
$1,040
7.4% 4.5% 6.0% 6.8% 4.0% 5.2% 3.8% 8.4% 8.3% 9.2% 9.7% 8.7% 7.5%
0
200
400
600
800
1000
$1,200
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
Increased Emphasis On Indian Infrastructure
Growth in economy will spur requirements for Infrastructure growth• Re-election of a pro-reform Congress-led coalition government has
resulted in an increased thrust on infrastructure
• Government initiatives to prioritize growth in the infrastructure sector are expected to coincide with easier credit availability in the domestic markets and interest from overseas investors
• Total plan outlay of approximately US$ 492 billion for the development of infrastructure projects has been envisaged in 11th five year plan
Source: Government of India, Committee on Infrastructure
Fund Allocations 11th Plan (Total US$ 492 billion)Gas1%
Storage1%
Water Supply and Sanitation
10%
Ports4%
Airports2%
Irrigation11%
Telecom13%
Railw ays13%
Roads and Bridges
15%
Pow er30%
India: Real GDP and GDP GrowthFiscal year beginning April (US$ billion)
’96-’08 CAGR: 7.0%
’96-’02 CAGR: 5.0%
’02-’08 CAGR: 8.7%
Source: EIU
Budget 2009-10: Implications for Infrastructure• Allocation for urban infrastructure development in 2009-10 increased
by 87% over the previous year
• Infrastructure spend planned to be increased to 9% from the current 4-5% by 2014
• Government-owned Indian Infrastructure Financial Corporation Ltd. mandated to evolve financing mechanism to support infrastructure
22
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
OECDNorth
America
China OECDEurope
Other Asia Africa RussiaM iddle East OECDPacific
Other LatinAmerica
India OtherTransition
Economies
Brazil
Cum
ulat
ive
Inve
stm
ent (
billi
on
dolla
rs)
0%
5%
10%
15%
20%
25% Share in Global Investm
entGrowing Oil, Gas & Energy Demand
Americas31.2 30.2 29.1
FSU4.1 4.2 4.0
Middle East
6.4 7 7.1
Africa3 3.1 3.2
Asia25 26
25
Regional Demand (Million barrels per day)
2007
2008
2009
Europe
16 15.9 15.2
• Non-OECD countries expected to continue to lead global oil and gas demand growth. Total world consumption of marketed energy is projected to increase by 44% from 2006 to 2030
• Although the world economic downturn has dampened demand, a long-term upward trend is expected to resume in the next 12-24 months
• Huge investment in facilities and pipelines expected to support long cross-border supply chain
Source: IEA; Oil Market Report; June 2009
Major Global Oil Demand Growth 2007-2009
Growth DriversSource: International Energy Agency; IEA Working Party on Fossil Fuels; May 2004
PLL’s Target Market
Energy Investment by Region 2001-2030
• More than US$ 16 trillion required to be invested in energy-supply infrastructure over next three decades
• Oil & Gas Sector would each account for more than US$ 3 trillion or approximately 19% of total investment
• Half of the total investment is expected to take place in developing countries
• India is expected to be a major contributor to expected future energy related infrastructure spend
Growth Drivers in the Energy Industry
Source: International Energy Outlook, 2009 – Energy Information Administration, US Government
23
Significant Opportunities In Pipeline Construction Across The World
Source: Pipeline and Gas Journal, 2008
16,248
4,7688,634
5,509
11,782
30,373
0
10,000
20,000
30,000
40,000
South and Central America Europe Africa MiddleEast
Russia and Eastern Europe Asia Pacif ic
Miles
New and planned pipeline miles
• Operators are constructing, planning or studying the feasibility of building 77,314 miles of pipelines throughout the world – an 8,534 mile increase from last year’s 68,780 miles of new and planned pipelines. Proposed additions in 2009-10 could see a record number of new miles added– Of these, 66,642 miles are projects in the planning phase and 10,672 miles in various stages of construction
• Asia-Pac accounted for 2/3rds of global energy consumption growth in 2007 - China accounted for half of global energy consumption growth while India's consumption grew by 6.8%, the third-largest volumetric increment after China & US
• Asia-Pac on its way to becoming the world's most significant oil and gas consumer with demand projected to grow 90% by 2030
Volumes of Transportation Facilities Expected to Rise Substantially
24
Opportunities In Refinery Pipeline Construction/ Upgradation in India
Key Drivers• Requirement of Euro 3 & 4 compliant fuel
• Need for refinery configuration to process heavy & sour crude
• Need to connect East Coast gas reserves to markets across India
Outlook• Refined capacity planned to increase from existing 155 MMTPA to 240 MMTPA
by 2012
• Refinery projects worth US$ 40 billion are announced/under implementation (About $12.2– Capacity Expansion; US$ 17.4 – Greenfield Projects; $ 8.2 –Upgradation)
• Proposed gas pipeline highway/grid
Source: Pipeline and Gas Journal, 2008
1,800240
1,138788
540518
286600
333340
0 500 1,000 1,500 2,000
IOCL-Haldoa Chemical HubIOCL-Naptha to LPG
IOCL-Residue ConversionIOCL-Euro 3&4 Product ProjectHPCL-Vizag Refinery Upgrade
BPCL-Phase II ModernizationBongaigaon Refinery-Disel Hydrotreatment
CPCL-Residue UpgradationCPCL-Naptha Hydro Treatment
HPCL-Mumbai Refinery Upgrade
Refinery Upgradation
Expansion/Greenfield
4,000
2,200
5,300
3,700
800
1,235
0 1,000 2,000 3,000 4,000 5,000 6,000
IOCL-Paradip
Mangalore Refinery and Petchem
Kakinada Refinery and Petchem
HPCL Mittal
Cals Refinery-Haldia
BPCL-Lohagara Refinery
Pipeline Projects - GAIL
120132
400
1,000600
500200
600500
500200
0 250 500 750 1,000
Mangalore-Mysore-Coimbatore LPG PipelineMangalore-Coimbatore-Bangalore Gas Pipeline
Kochi-Kanjirkkod-Bangalore-Mangalore Gas PipelineKakinada-Hyderabad-Pune-Uran Pipeline
Kakinada-Haldia PipelineHazira-Bijaipur-Jagdishpur Pipeline Phaseii
Delhi-Ludhiana-Amritsar Gas Pipeline ProjectDadri-Nangal Gas Pipeline Project
Dadri-Baw ana-Nangal Gas PipelineDabhol-Bangalore Gas Pipeline
Chainsa-Gurgaon-Jhajjar-Hissar Gas Pipeline
Pipelines projects worth US$ 5 billion planned by GAIL in next 2-3 years
US$ million US$ million
US$ million
25
Huge Investments Required To Meet Power Demand In India
• Electricity consumption in India, while one of the lowest in the world, is growing at a rapid pace
• Capacity growth outstripped by demandThe energy deficit in the country is approximately 11%, while the peak deficit is approximately 12% (2008-09)According to Ministry of Power, Government of India, demand increases by 1.5% for every 1% increase in GDP
• The power sector has been a key driver of the government’s infrastructure pushThe Ministry of Power has set a goal: ‘Mission 2012: Power for All’The Government of India has placed orders worth Rs. 645 billion in various infrastructure projects from January to May 2009, of which Rs. 236 billion are in the power sector
Source: Ministry of Power, Government of India websiteSource: Ministry of Power, Government of India website
Per Capita Consumption of Electricity Installed Capacity
Largest Investment Opportunities in Power Sector
1,700 4,600 13,00028,000
66,000
112,000
150,000
220,000
-
50,000
100,000
150,000
200,000
250,000
1950 1960 1970 1980 1990 2005 2009 2012E
(MW
)
Source: Ministry of power, Government of India website, Street research
16 35 84 131238
408
740
1,000
0
200
400
600
800
1000
1950 1960 1970 1980 1990 2001 2009 2012E
(kw
h/ye
ar)
Significant Experience And Track Record
27
Large Diameter gas pipeline contract by
GAIL
1983 1992 1993 1995 1997 1998 1999 2002 2004 2005 2006
1st highway construction project
Entry into Caspian region
1st Thermal power project
EPC Storage Terminal contract in
Asia Pacific
5 Refinery Projects (including two EPC Refinery Projects)
1st LNG Terminal
Construction
Construction and
Management
Procurement and
Fabrication
Engineering and
Design
Moving up the construction value chain
with a broadened geographic footprint and
service offering
1st Middle East
contract
1st overseascontract - Indonesia
1st pipeline project
1st LPG Cryogenic Tank Project
1st EPC (India) pipeline contract in
offshore
2007
1st Overseas EPC Pipeline contract in
Offshore
2008 2009
Acquired Sembawang Engineers &
Constructors Private Limited
1st EPC contract in oil & gas sector
1st Refinery Project
Joint ventures with Pipavav Shipyard
Acquired 74% in Tehcnodyne, UK
Key Agreements signed on Defense
initiatives
Sikkim airport project
Punj Lloyd Group: Evolution
Awarded $ 800 mn pipeline contract in
Qatar
Awarded $ 1.2 bninfrastructure
contract in Libya for design &
construction of villa resort, township &
hotel
28
All terrain pipelinespecialists,
over 9000 km,up to 48” dia
Leading contractorin Process Plants
Underground rock cavern
South East Asia’s longest and most advanced underground tunnel
expressway
1st Industrial Park in China to receive ISO9001:2000
certification
Only contractor involved in construction of all three LNG terminals in India
Singapore’s LRT / MRT
Changi AirportTerminal Extension
Nuclear Segment > 3 millionengineering man-hours
World’s largest Wheat base Bio-ethanol Plant
Major Achievements Of The Group
Strong International Presence
30
UK
Kazakhstan
Libya
Singapore
Vietnam
Qatar
Oman
Saudi Arabia
Yemen
UAE
Indonesia
Joint Ventures
Singapore, Libya, Indonesia, India, Qatar, Yemen, UK, Saudi Arabia, Malaysia
Global Footprint
Regional Headquarters
India
Kazakhstan
Indonesia
UAE
International Offices
India
Saudi Arabia
Netherlands Project Sites
31
Global Business Mix
• Punj Lloyd - India, Abu Dhabi, Kuwait, Qatar, Malaysia, Kazakhstan, Bangladesh, and Singapore
• Sembawang - Asia Pacific, Middle East, South Asia and United Kingdom
• Simon Carves – UK, India
• Others (JVs)
• Saudi Arabia: JV in Saudi Arabia named ‘Dayim-Punj Lloyd Construction Contracting Co. Ltd’ in which Punj Lloyd holds 49% share
• India: JV with KAEFER, a world leader in the insulation business, wherein Punj Lloyd has a 49% share
• UK: Technodyne - an engineering & design consultants for cryogenic tanks
• Netherlands: Security Service Solutions, Olive Group BV
Geography-wise Revenue Mix Geography-wise Order book mix (As on July 14, 2009)
Global Presence of Group Companies
Asia Pacif ic 28.0%
Middle East 24.0%
Caspian 2.0%
South Asia 33.0%
ROW 13.0% North Africa
28.0%
ROW 9.0%
M iddle East 19.0%
South Asia 18.0%
Asia Pacific 26.0%
Total order backlog US$ 6.34 billion (US$ 1 = Rs. 48)
Key Clients
Total Revenue US$ 2.6 billon
Oman Gas Company
Superior Execution Capabilities
33
Superior Execution
Shorter Execution CycleAn established track record for successful completion of projects within tight schedules in India & International markets
Reputation for undertaking highly challenging engineering and construction projects
505 km 42 inch dia Dahej-Vijaipur pipeline which was completed within a span of 9 monthsLowering of 21 km of pipeline in a single day of the 48 inch gas export pipeline project at Oman
Risk Management
Information Technology
Stringent risk controls are applied to mitigate construction andcash flow risks
Participate through JVs and strategic partners in complex projects to share risk
Obtain appropriate and specialized insurance for all construction risks and maintain comprehensive insurance
Resources are optimally utilized through the use of sophisticated MIS and tools
ERP – Oracle Systems
Asset management - Maximo
Project Management - Primavera
Satellite technology used to ensure real time flow of information from project sites
Unique “Bid Decision” system for efficient management of project bidding process
Key Differentiators
EquipmentOwns a wide variety of sophisticated construction equipment
Bulldozers, excavators, tower cranes, Bell long range 5-seater helicopter etc.
Owning provides competitive advantage as it enables rapid mobilization
Maximo software, enables us to manage over 6,000 items of equipment of 160 categories, across sites all over the world
34
Motor Spirit Quality Upgradation, Haldia Refinery
Dahej Vijaipur Pipeline
South Sumatra to West Java Pipeline, Indonesia
Gas Export Pipeline, Oman
LNG Storage & Regasification Facilities, Dabhol
Jamnagar - Loni LPG Pipeline
Changi Airport Terminal 2 Extension
Belgaum - Maharashtra Highway
Vadodara - Halol Expressway
Balongan - Jakarta Pipeline
Beating Deadlines
Projects Outcome
Completion in 18 months
42” X 506 km in 9 months
32” X 26.62 km of lowering in 1 day
48” X 21 km of lowering in 1 day
“Early completion” project milestones
8 months ahead of schedule
6 months ahead of schedule
5 months ahead of schedule
4 months ahead of schedule
2 months ahead of schedule
Professional And Experienced Management
36
B. S Kapur President, B&I
B. S Kapur President, B&I
V.K.KaushikMD
38 yrs. of experience in project & construction management
V.K.KaushikMD
38 yrs. of experience in project & construction management
Luv ChhabraDirector, Corporate Affairs
30 yrs of experience in oil & gas and construction sectors
Luv ChhabraDirector, Corporate Affairs
30 yrs of experience in oil & gas and construction sectors
Scott R. BaymanEx Country Head – GE & Member of The University
of Florida Warrington School of Business Administration Business Advisory Council
Scott R. BaymanEx Country Head – GE & Member of The University
of Florida Warrington School of Business Administration Business Advisory Council
Atul PunjChairman
Awarded the ‘E&Y Entrepreneur of the Year 2007’ award
Atul PunjChairman
Awarded the ‘E&Y Entrepreneur of the Year 2007’ award
P.K. GuptaPresident , SE Asia
Executed Punj’s first ever project for offshore pipe laying in Indonesia
P.K. GuptaPresident , SE Asia
Executed Punj’s first ever project for offshore pipe laying in Indonesia
Sanjay BhatnagarCEO, THOT Capital GroupSanjay Bhatnagar
CEO, THOT Capital Group
Dr. Naresh Kumar TrehanRenowned heart surgeon
Dr. Naresh Kumar TrehanRenowned heart surgeon
Phiroz VandrevalaExecutive Vice President,
TCS
Phiroz VandrevalaExecutive Vice President,
TCS
Ravindra KansalPresident, Middle EastRavindra KansalPresident, Middle East
H.K. KaulExecutive President, Offshore
H.K. KaulExecutive President, Offshore
S. KannanPresident, PowerS. Kannan
President, Power
Rajesh AggarwalGroup Executive Vice President, Sourcing
Rajesh AggarwalGroup Executive Vice President, Sourcing
Paul Craig BirchGroup President Human Resources
Paul Craig BirchGroup President Human Resources
Jayaram EeswaranExecutive Vice President, Marketing
Jayaram EeswaranExecutive Vice President, Marketing
Aditya VijGroup President – Defence
Aditya VijGroup President – Defence
Ramanjit Singh ChadhaExecutive Vice President, Special Projects
Ramanjit Singh ChadhaExecutive Vice President, Special Projects
Atul Kumar JainPresident, Africa
Atul Kumar JainPresident, Africa
Raju KaulPresident, F&ARaju Kaul
President, F&A
Sandeep GargPresident, Caspian
Sandeep GargPresident, Caspian
Board of Directors
Other Key Management Personnel
Ravi KeswaniPresident,, Corporate A/C and Inv Relations
Ravi KeswaniPresident,, Corporate A/C and Inv Relations
Ric GrosvenorCEO, Sembawang E&CRic Grosvenor
CEO, Sembawang E&C
Adarsh SoniPresident, EPC
Adarsh SoniPresident, EPC
Mahesh AggarwalHead, HSE
Mahesh AggarwalHead, HSE
Pronob MukerjiPresident, Project Engineering
Pronob MukerjiPresident, Project Engineering
Sunil TewariGroup President, Shared Services
Sunil TewariGroup President, Shared Services
Dinesh ThairaniCompany Secretary
Dinesh ThairaniCompany Secretary
John SimmondsCOO, Sembawang Middle East
John SimmondsCOO, Sembawang Middle East
Robert Allen President – Plant & Equipment
Robert Allen President – Plant & Equipment
Sidharth TuliPresident, Human Resources
Sidharth TuliPresident, Human Resources
John BroomfieldHead, Contracts
John BroomfieldHead, Contracts
Independent Directors
Executive Directors
Rajan JetleyChairman, Jacob Ballas Capital
Rajan JetleyChairman, Jacob Ballas Capital
Nitin MalhanManaging Director, Warburg Pincus
Nitin MalhanManaging Director, Warburg Pincus
Sanjay GoyalCEO, SCIL
Sanjay GoyalCEO, SCIL
Strong Operational Results And Order Book
38
Consolidated Revenue By Region/Segments
As of March 31, 2008 As of March 31, 2009
By Geography
By Business Segment
Operations across multiple
segments
Shift to a more diversified
geographical mix
Total: US$ 1,967 Million Total: US$ 2,607 MillionOthers 2.0%
Tankage 3.0%
Pipeline 29.0%
Infrastructure29.0%
Process 37.0%
Others3.0%Tankage
6.0%
Pipeline 26.0%
Infrastructure29.0%
Process Plant 36.0%
ROW 22.0%
Caspian 1.0%
M iddle East 14.0%
Asia Pacific 23.0%
South Asia 40.0%
ROW13.0%
Caspian 2.0%
M iddle East 24.0%
Asia Pacific 28.0%
South Asia 33.0%
39
Order Backlog By Region/Segments
By Geography
By Business Segment
Total: US$ 6.34 billion(As on July 14, 2009)
Infrastructure 52%
Pipeline 21%
Process Plant 22%
Tankage 2% Power 3%
Large Corporates
21.2%
Other8.7%
Govt backed 70.1%
Client Profile
Large proportion of order book from public sector clients and larger corporatesSecure order book - Low counterparty risks
• Order inflows continue to remain strong with the Group reporting an order backlog of US$ 6.34 billion which provides for a revenue visibility of approximately 2 years based on FY09 revenues
• Order backlog remains geographically diversified
• Strong execution capability to support easy conversion of order book into revenues
• Order backlog comprises increasing number of large sized orders
Order Backlog as at July 2009
Note : Exchange Rate: 1 US$ = Rs. 48
North Africa28.0%
ROW 9.0%
M iddle East 19.0%
South Asia 18.0%
Asia Pacific 26.0%
40
3,279
3,329
7,759
4,892
1,174
2,043
1,240
2,540
2,063441
255
255
256
154
357
0 2,000 4,000 6,000 8,000 10,000 12,000
Offshore
Process
Tankage
Pipeline
Pow er
Infrastructure
India Middle East South East Asia Others
10,554
2,400
3,585
1,328
8,635
3,535
US$ million
Future Bidding Activity (Identified Bids – Next 1-2 Years)
Strong revenue visibility and bid pipeline
US$ 30 billion plus projects identified for
bidding in next 2 years
41
Thank You
