Antony Waste Handling Cell Ltd. · NSE:AWHCL
Antony Waste Handling Cell — Q2 FY2022 Earnings Presentation
35 slides from Antony Waste Handling Cell's earnings presentation, Nov 13, 2021
Slide 1: Cover letter to NSE under Regulation 30
CIN: L90001MH2001PLC130485West) ‐ 400601Phone: 022 – 4213 0300 | Email: info@antonyasia.com | Website: www.antony‐waste.com Ref.: AW/SEC/NSE/2021‐22/67 Date: November 13, 2021 To, Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No.C‐1, Block G, Bandra‐Kurl
Slide 2: Antony Waste Handling Cell Limited Investor Presentation – November 2021
Antony Waste Handling Cell Limited Investor Presentation – November 2021
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Antony Waste Handling Cell Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 4: Leading Player in the Indian MSW Management Industry
Leading Player in the Indian MSW Management Industry Market Leadership Operational Excellence Strong Financial Performance 2nd Largest 27% Rs. 481 crs. Largest Player Domestically Single location waste processing Revenue CAGR Revenue plant in Asia; (FY19-21) (FY21) Processing ~60% Over Two of waste
Slide 5: Industry Dynamics
Industry Dynamics India’s Waste Management Industry has enormous growth potential On average India practices higher open dumping vs global average Waste Management Industry (FY20 est.) Compost Recycled Global Indian 10% 5% Compost Rs. Rs. W2E 13% 18% 23,000 50 bn bn Size of Domestic Waste Landfill S
Slide 6: Presence Across Value Chain
Presence Across Value Chain Municipal Solid Waste Generation Collection & Transportation Only ~25-30% of the MSW generated in India is Transfer Station (Secondary Storage & Segregation) processed Types of Organic Recyclables Inert waste Processing Bio- Reuse/ Composting Gasification Incineration Pyr
Slide 7: Key Milestones
Key Milestones ▪ Awarded a new Projects ▪ Awarded new C&T project by ▪ Entered the C&T project by Jhansi Smart City ▪ Awarded WTE segment the Nagpur Limited mechanized by entering Municipal ▪ Awarded a new ▪ Awarded a sweeping into a Corporation Bio-mining new C&T project for concession contract by
Slide 8: Our Core Competencies
Our Core Competencies Access to technology backed vehicles and equipment enables us to manage our Diversified business model operations efficiently A leading service provider Strong track record of project execution Experienced management team with in Municipal Solid Waste strong domain expertise (M
Slide 9: End-to-end waste management capabilities
End-to-end waste management capabilities… Door to door Transportation Segregation Construction & Recycling Composting Waste to Energy collection Management of Landfills Involves door to Strong C&T Segregation Manages largest Processes waste Organic material is Recyclables door collection of capabili
Slide 10: …with diversified revenue streams…
…with diversified revenue streams… MSW C&T 62% MSW Processing 27% Contract & Others 11% Revenue Revenue Revenue Contribution Contribution Contribution ➢ Door to door collection through primary ➢ Processing projects involve sorting & ➢ Integrated mechanical and manual collection vehicles segregating
Slide 11: …and a De-Risked business model
…and a De-Risked business model. Factors de-risking the business model Revenue from operations Operational Limited (Rs. In Crs) % share in Business C&T of MSW de-risking counter-party risk MSW Processing Projects diversified Targeting 13% 11% Contract & Others 52 21% 18% across activities municipali
Slide 12: Experience in Project Execution Across the country
Experience in Project Execution Across the country Pan India Footprint of Projects Type of Services Ongoing Projects Mechanized MSW MSW C&T Sweeping Processing Cluster based approach Thane Project ✓ Targeting specific clusters to Navi Mumbai Project ✓ ✓ improve efficiency and Mangalore Project1 ✓ ✓
Slide 13: One of the largest single location plant in Asia
One of the largest single location plant* in Asia ~15 Years Project scope 2010-2036 1.71 mmt • Design, Construction, Project Tenure Balance Tenure Waste processed in FY21 operation and maintenance of integrated waste ~5,300 Tonnes Rs. 3/unit ~60% management facilities on DBOOT basis Of waste per day
Slide 14: Waste to Energy - Pimpri Chinchwad Municipal Corporation
Waste to Energy - Pimpri Chinchwad Municipal Corporation Design, Build, Finance, Operate and Transfer (DBFOT) Location 2019-2040 ~21 Years Project Tenure Balance Tenure (post COD) Customer Project Scope ▪ Rs. 240 crores of total capex ▪ 6.2 acres of land will be provided by PCMC ▪ ~800 tons of Munic
Slide 15: Access to Technology Backed Vehicles & Equipment
Access to Technology Backed Vehicles & Equipment Collection and Transportation Technological Intervention Key equipment vendors Compactor - 279 Small Tipper - 687 Dumper Placer - 33 Power Sweeping Machine - 9 Waste processing technology Big Tipper - 86 Hook Loader - 21 Experienced JV Partner for the
Slide 16: Promoters & Board of Directors
Promoters & Board of Directors Promoters Jose Jacob Kallarakal Shiju Jacob Kallarakal Shiju Antony Kallarakkal ▪ Age: 48 years ▪ Age: 44 years ▪ Age: 47 years ▪ 20 years experience in waste ▪ 20 years of experience in waste ▪ Over 19 years of experience in management management automobile sector and
Slide 17: We are a ESG centric Business
We are a ESG centric Business Environmental Social Governance ▪ Kanjurmarg is a 7500 MT/ day Integrated ▪ Employee training on topics ranging from ▪ Board of 6 members, headed by Chairman & SWM, which has leachate collection pond construction hazards, waste handling, MD, has 3 Independent Directors
Slide 18: Our Strategy
Our Strategy Capitalize on growth opportunities in Continue with rational selection of Moving up MSW value chain by MSW management sector by Focus on enhancing operational projects and strategically expand our diversifying into emerging waste continued focus on bidding for MSW efficiency geographica
Slide 19: Emerging areas of growth
Emerging areas of growth ▪ Biomethanation – Anaerobic fermentation of bio-degradable waste in Population Waste Qty Approx. Capex an enclosed space - generates methane rich bio-gas fuel and sludge, used for Treatment option Products (‘000) (TPD) (Rs. lakhs/TPD) making compost ▪ Like composting, biome
Slide 20: Financial Highlights
2 ANTONY WASTE HANDLING CELL LIMITED
Slide 21: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (in Rs. Crs) Q2FY22 Q2FY21 Y-o-Y Q1FY22 Q-o-Q H1FY22 H1FY21 Y-o-Y Revenue from MSW C&T 105.1 72.3 94.7 199.8 133.6 Revenue from MSW Processing 37.6 33.2 36.0 73.6 58.0 Total operating Revenue 142.7 105.5 35% 130.7 9% 273.4 191.6 43% Contract & Oth
Slide 22: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Assets (Rs. in Crs) 30-Sep-21 31-Mar-21 Equity & Liabilities (Rs. in Crs) 30-Sep-21 31-Mar-21 Non - Current Assets 497.3 481.1 Total Equity 488.4 442.6 Property Plant & Equipment 121.7 123.9 Share Capital 14.1 14.1 CWIP 0.4 0.8 Reserves & Surplus 368.3 333.7 Righ
Slide 23: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Half year ended Half year ended Particulars (Rs. in Crs) 30-Sep-21 30-Sep-20 Net Profit Before Tax 56.4 29.9 Adjustments for: Non -Cash Items / Other Investment or Financial Items 25.4 25.0 Operating profit before working capital changes 81.9 54.9 Changes in working
Slide 24: Delivering Results despite COVID – 19
Delivering Results despite COVID – 19 Revenue (Rs. in Crs) EBITDA (Rs. in Crs) Adjusted PAT (Rs. in Crs) 42 42 22 24 158 39 150 37 20 20 138 34 35 34 130 33 18 18 117 122 120 127 31 16 27 16 95 96 11 11 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY20 FY
Slide 25: Credit Rating
Credit Rating Detailed Rationale • Ratings of Antony Lara Enviro Solutions Private Limited (ALESPL), material subsidiary of the Company continue to reflect: ALESPL Rating Current Rating Previous Rating • Extensive industry experience of the promoters: The promoters have an experience of more than tw
Slide 26: Consolidated Financial Highlights
Consolidated Financial Highlights PBT before exceptional item Revenue (Rs. in Crs) EBITDA (Rs. in Crs) & EBITDA Margin (%) (Rs. in Crs) & PBT Margin (%) 18.3% 18.3% 481 29.7% 30.0% 465 28.3% 27.1% 27.3% 16.1% 15.5% 52 14.7% 62 85.1 139.5 130.3 70.6 56.4 132 81.6 88.7 84.1 46.4 46.4 133 298 308 288 3
Slide 27: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. in Crs) FY21 FY20 FY19 FY18 Revenue from MSW C&T 297.3 269.0 166.5 169.3 Revenue from MSW Processing 131.9 133.2 76.5 60.7 Total operating Revenue 429.2 402.2 243.0 230.0 Contract & Others 51.5 62.4 55.5 58.0 Total Revenue 480.8 464.6 298.5 288.0
Slide 28: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Assets (Rs. in Crs) 31-Mar-21 31-Mar-20 31-Mar-19 31-Mar-18 Equity & Liabilities (Rs. in Crs) 31-Mar-21 31-Mar-20 31-Mar-19 31-Mar-18 Non - Current Assets 481.2 475.8 426.4 300.6 Total Equity 442.6 299.9 235.3 185.6 Property Plant & Equipment 123.9 137.9 57.6 40.
Slide 29: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. in Crs) FY21 FY20 FY19 FY18 Net Profit Before Tax 70.6 82.0 47.7 48.8 Adjustments for: Non -Cash Items / Other Investment or Financial Items 48.6 54.2 34.7 25.6 Operating profit before working capital changes 119.2 136.2 82.4 74.4 Changes in working
Slide 30: Annexures
Experienced Management Team Antony Waste Handling Cell Limited Annexures 29
Slide 31: Quality Cum Cost Based Bidding Process
Quality Cum Cost Based Bidding Process Bidding Process ▪ Peruse the RFP ▪ Project area analysis ▪ Actual bidding ▪ Provide project plans, ▪ Compliance with structural/architectura various covenants for ▪ Understand the scope ▪ Feasibility study - ▪ Technical criteria l designs project closure size &
Slide 32: Group structure
Group structure JV Partner Lara Central De Tratamento De Residuos LTDA, Brazil 37% 63% 100% 100% 100% 100% 51% 49% 73% 25% Collection and Collection, Integrated waste Collection and Mechanical power transportation and Management transportation of transportation of sweeping of roads processing of fac
Slide 33: Our Operations & Facilities
Our Operations & Facilities Material Recovery Facility Bio-reactor Landfill Gas Collection Composting 32
Slide 34: Abbreviations
Abbreviations ▪ ALESPL: Antony Lara Enviro Solutions Private Limited ▪ SLF: Sanitary Landfill ▪ AWHCL: Antony Waste Handling Cell Limited ▪ SWM: Solid Waste Management ▪ BN : Billion ▪ TMC: The Thane Municipal Corporation ▪ BLF: Bio-Reactor Landfill ▪ TPD: Ton / Day ▪ C&T: Collection and Transportat
Slide 35: Thank You
Contact Information Company : Investor Relations Advisor : CIN: L90001MH2001PLC130485 CIN: U74140MH2010PTC204285 Mr. Subramanian NG Mr. Jigar Kavaiya / Mr. Pratik Shah E: investor.relations@antonyasia.com E: jigar.kavaiya@sgapl.net / p.s.shah@sgapl.net T: +91 9920602034 / +91 9870030585 www.antony-w
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