33 slides from Irb Infrastructure Developers's investor presentation, September 2017
Slide 1: Corporate Presentation September 2017
Corporate Presentation September 2017 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by IRB Infrastructure Developers Limited (the “Company”) solely for your information and for your use and may not be taken away, reproduced, redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organiza
Slide 3: Contents
Contents Sr. No Particulars 1 Company Overview 2 Key Highlights for September 30, 2017 quarter 3 IRB InvIT Snapshot 4 Key Competitive Difference 5 Roadmap so far 6 The IRB Group 7 Organization Structure 8 Shareholding Pattern 9 Operational BOT Projects 10 BOT Projects under implementation 11 Strong
Slide 4: Key Highlights during Q2FY18
Key Highlights during Q2FY18* Revenue EBITDA Post Minority Interest PAT For Q2 FY 2018 has marginally declined to For Q2 FY 2018 has marginally declined For Q2 FY 2018 has gone up to Rs. Rs.12,692 mn from Rs. 13,242 Mn to Rs. 7,189 Mn from Rs. 7,426 Mn 2,347 mn from Rs. 1,422 Mn registering register
Slide 5: Successful Launch of First InvIT of India
Successful Launch of First InvIT of India Operational Project First ever Listed Infrastructure Investment Trust in India Unit holding Pattern Assets acquired from “IRB InvIT Fund” Category % Holding IRB Issue opened on 03.05.2017 and closed on 05.05.2017 Sponsor(s) / Investment Manager / Project
Slide 6: Benefits to IRB post InvIT
Benefits to IRB post InvIT IRB has received Rs. 2600 crore as consideration for sale of its equity shareholding in six Project SVPs Rs. 1,681 transferred to IRB InvIT Fund. Consideration to IRB was paid as follows; Rs. 1681 Crores Upfront and Units in IRB InvIT Fund worth Rs. 889.00 Cr Crores of U
Slide 7: Impact of InvIT on Consolidated Financials of IRB
Impact of InvIT on Consolidated Financials of IRB Impact on Balance Sheets for FY 2018 and FY 2019 Net Worth Networth will increase as PAT increases ; no immediate Impact on Net Worth Cash Upfront IRB received approx. Rs.2,600 Crores consideration for sale of shares by way of ~Rs.1,700 Crores cash u
Slide 8: Company Overview
Company Overview IRB Group IRB Infrastructure Developers Limited (“IRB”) incorporated in 1998, has strong in-house integrated execution capabilities One of the leading Infrastructure Development company in India in road and highway sector Group has successfully executed numerous BOT projects i
Slide 9: Key Competitive Advantage
Key Competitive Advantage One of the largest BOT Project Portfolio in the Roads 14* BOT projects and Highways Robust order out of which 7 are Sector Operational, book of 4 are under Rs 81,891 Mn implementation , 3** are under Tolling & Key Construction Phase Competitive Professionally Advantage Stro
Slide 10: Roadmap So Far
Roadmap So Far Awarded 2 Nos. of Six Laning First ever Airport Project in IRB’s Projects of NHAI on DBFOT Launched India’s first portfolio Pattern in the state of ever listed Infrastructure – Greenfield Airport Project in Rajasthan Investment Trust “ IRB Sindhudurg, Maharashtra. – Udaipur to G
Slide 11: The IRB Group
The “IRB” Group IRB’s Road Projects Roads 100%** 14 BOT Projects Sr. Company Road Name Length No. in Km 1 Aryan Toll Road Pvt. Ltd. Pune – Sholapur BOT 26.00 2 ATR Infrastructure Pvt. Ltd. Pune – Nashik BOT NH 50 29.81 Engineering , Construction 100% Modern Road Makers Pvt. Ltd 3 Mhaiskar Infrastruc
Slide 12: Organization Structure
Organization Structure Board of Directors Mr. Virendra D. Mhaiskar Chairman and Managing Director Mrs. Deepali V. Mhaiskar Mr. Mukesh Gupta Mr. Sudhir Hoshing Executive Director Joint Managing Director Joint Managing Director Mr. Chandrashekhar S. Kaptan Mr. Sunil H. Talati Mr. Sandeep Shah Mr. Suni
Slide 13: Organization Structure
Organization Structure Statutory Auditors Mr. Rajkamal R. Bajaj Internal Auditors Suresh Surana & Associates LLP BSR & Company LLP Advisor to the Board Chartered Accountants Chartered Accountants Joint Statutory Auditors Bankers / Lenders of IRB Group Gokhale & Sathe Andhra Bank Canara Bank Chartere
Slide 14: Shareholding Pattern
Shareholding Pattern Shareholding Pattern as On September 30, 2017 Name Percentage (%) Promoter 57.20 Promoter Group 0.17 FII / EPI 26.28 DII 8.26 Others 8.09 Total 100.00 Shareholders holding more than 1% shares as on September 30, 2017 Name Percentage (%) Government of Singapore 5.22 Platinum Asia
Slide 15: Operational BOT Projects
Operational BOT Projects Name of Ahmedabad the Project Kaithal - Rajasthan Border Pune - Nashik Pune - Solapur Vadodara Client NHAI NHAI MOSRT&H MOSRT&H State Gujarat Haryana Maharashtra Maharashtra Length of the Project 195.602 166.26 29.81 26.00 (In Kms) Project Cost in Rs. 48,800 22,900 737 630 M
Slide 16: Operational BOT Projects
Operational BOT Projects Mumbai IRDP Name of the Project Thane Ghodbunder Pune Kolhapur Client MSRDC MSRDC MSRDC State Maharashtra Maharashtra Maharashtra Length of the Project 206.00 14.90 49.99 (In Kms) Project Cost in Rs. Mn 13,016 2,462 4,300 Debt / Unsecured Loan Outstanding as on 896 758 3,984
Slide 17: BOT Projects Under Tolling and Construction
BOT Projects Under Tolling and Construction Name of the Agra – Etawah Udaipur – Gujarat Border Gulabpura – Chittorgarh Project Client NHAI NHAI NHAI State Uttar Pradesh Rajasthan / Gujarat Rajasthan Length of the Project (In 124.52 113.80 124.87 Kms) Project Cost in Rs. Mn 25,230 20,879 20,900 Debt
Slide 18: BOT Projects Under Implementation
BOT Projects Under Implementation Name of the Goa / Karnataka Border Solapur Yedeshi Kishangarh - Gulabpura Project to Kundapur Yedeshi Aurangabad Client NHAI NHAI NHAI NHAI State Karnataka Maharashtra Maharashtra Rajasthan Length of the Project (In 189.60 98.72 189.09 90.00 Kms) Project Cost in Rs.
Slide 19: Strong Order Book
Strong Order Book Order book As on September 30, 2017 Amount Order Book* Composition in Rs. Mn Ongoing BOT Projects 40,785 BOT Projects in O&M Phase 6,726 BOT Projects - Construction yet to commence 34,380 Total 81,891 •Order Book as of a particular date consists of unbilled revenue from the uncompl
Slide 20: IRB's BOT Road Portfolio
IRB’s BOT Road Portfolio BOT Portfolio – Km & Lane Km BOT Portfolio – State wise % Rajasthan 26% Karnataka 10% Haryana 8% Gujarat 13% Uttar Pradesh 10% Maharashtra 33% BOT Portfolio – State wise Lane Km Lane KM under development 5,293 Lane Kms Lanes KM operational* 2,384 Lane Kms Total Lane Km under
Slide 21: The Road Ahead
The Road Ahead BOT Projects Continue to focus on BOT infrastructure projects in the road and highways sector Geographical diversification - accentuating Company’s nationwide plans De-risking revenue stream KM‐82 Dependency on single project now reduced to operationalization of new BOT Projects
Slide 22: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period September 2017 ( Quarter) (As per Ind-AS) September 2016 (Quarter) (As per Ind-AS) Ended Construction Particulars Total All Segments BOT Segment Total All Segments Construction Segment BOT Segment Segment Amt % Amt % Amt % Amt % Amt % Amt
Slide 23: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period September 2017 ( Quarter) (As per Ind-AS) June 2017 ( Quarter) (As per Ind-AS) Ended Construction Particulars Total All Segments BOT Segment Total All Segments Construction Segment BOT Segment Segment Amt % Amt % Amt % Amt % Amt % Amt % T
Slide 24: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period September 2017 ( 6 Months ) (As per Ind-AS) September 2016 (6 Months) (As per Ind-AS) Ended Particulars Total All Segments Construction Segment BOT Segment Total All Segments Construction Segment BOT Segment Amt % Amt % Amt % Amt % Amt %
Slide 25: Strong Financial Track Record Consolidated Financials
Strong Financial Track Record Consolidated Financials Revenue EBITDA 70,000 35,000 31,715 59,691 60,000 30,000 27,874 52,551 50,000 25,000 23,247 38,174 39,605 37,319 18,751 Rs. in Mn 40,000 Rs.in Mn 20,000 17,634 31,396 15,903 30,000 15,000 20,000 10,000 10,000 5,000 - - FY 2013 FY 2014 FY 2015 FY
Slide 26: Strong Financial Track Record Consolidated Financials
Strong Financial Track Record Consolidated Financials Net Worth & ROE Net Debt & Net Debt to Equity Ratio 163,000 151,498 6.00 154,000 145,000 134,093 136,000 5.00 127,000 109,695 118,000 4.00 109,000 95,816 100,000 2.78 2.87 93,870 (Rs. Mn) 91,000 73,051 (%) 82,000 3.00 73,000 2.69 1.72 64,000 2.52
Slide 27: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn Sr. Name of the Project FY 2014 FY 2015 FY 2016 FY 2017 Q2 FY 2017 Q2 FY 2018 H1 FY 2017 H1 FY 2018 No. 1 Mumbai - Pune BOT Project ** 4,376 5,673 6,331 6,819 1,735 2,134 3,614 4,412 2 Ahmedabad – Vadodara ** 1,219 1,566 2,187 3,309 826 865 1,702 1,781 3
Slide 28: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn 28
Slide 29: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn 29
Slide 30: Corporate Recognition
Corporate Recognition IRB has been awarded CNBC TV 18 Essar Steel Infrastructure Excellence Award in the Highways & Flyovers category for Mumbai - Pune section of National Highways (NH-4). This award was in recognition of the high quality work implemented on the development and maintenance of the Mu
Slide 31: Corporate Recognition
Corporate Recognition This award was won by IRB for being the ideal companies to work This award was won by the for infrastructure sector in India company for having acknowledging its business employee friendly policies, This was awarded for the free operations, quality of its respect for dignity of
Slide 32: Our CSR Initiative
Our CSR Initiative We have replicated same model and have started a We also generously school in the Pathankot district of Punjab, near the contributed to the Amritsar- Pathankot BOT project. Chief Minister’s drought relief fund in Maharashtra. The School building was inaugurated on 27 March 2017.Th
Slide 33: Infrastructure Developers Ltd
INFRASTRUCTURE DEVELOPERS LTD