Dilip Buildcon Ltd. · NSE:DBL
Dilip Buildcon — Q4 FY22 Earnings Presentation
43 slides from Dilip Buildcon's earnings presentation, May 30, 2022
Slide 1: Dilip Buildcon Limited – Investor Presentation filing letter
DILIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND Date: May 30,2022 To To BSE Limited National Stock Exchange of Indialtd. Listing Department Exchange Plazu C-1, Block G P.J Tower, Dalal Street BandraKurla Complex" Mumbai - 400001 Bandra @), Mumbai -400051 Stock Symbol -540047 Stock Symbol -DBL Scrio c
Slide 2: Earnings Presentation | Q4 FY22
Dilip Buildcon Limited Earnings Presentation | Q4 FY22
Slide 3: Content
Content 03 Business Highlights 13 Standalone Financial Highlights 22 Consolidated Financial Highlights 24 Divestment 28 Key Projects Update 34 Company Overview
Slide 4: Business Highlights
BUSINESS HIGHLIGHTS
Slide 5: 12 Projects Completed in FY22 worth ₹81,599 mn
12 Projects Completed in FY22 worth ₹ 81,599 * mn – Committed to deliver Madhya Pradesh Uttar Pradesh Telangana 9% 16% 7% • 12 projects completed in a financial year worth Karnataka 11% ₹ 81,599 mn • Projects completed across 8 states in road and mining sectors • 6 HAM and 5 EPC road projects comple
Slide 6: 5 New Projects Won in FY22 worth ₹78,110 mn
5 New Projects Won in FY22 worth ₹ 78,110 * mn Sector Wise New Orders • 5 New projects worth Rs. 78,110 mn won in Road 58% Mining FY22 34% • Projects won across 3 sectors viz. road, mining and tunnel, shows diversified business approach • Projects won in 5 states proves geographical spread Tunnel 8%
Slide 7: Projects Completed During FY22
PROJECTS COMPLETED DURING FY22 (₹ mn) EPC Cost Scheduled Date of Actual Early Name of the Type of Length Project Name State excluding Completion Including Completion Completion Employer Work (Kms) GST Covid EOT Date Days NHAI Sangli-Solapur (Package II: Borgaon Watambare) Maharashtra HAM 6,741 52.00
Slide 8: Projects Won During FY22
PROJECTS WON DURING FY22 Projects won during FY22 (₹ mn) Contract Value Period in which Project Name Type State Name of Employer LOA Date including GST order Won Amadand OCP (OB Removal Project) Mining Madhya Pradesh SECL 26,830 31.12.2021 Q3 Tunnels T14, T15 and T16 in Bilaspur Tunnel Himachal Prad
Slide 9: Business Division – Total Order Book
BUSINESS DIVISION Total Order Book – ₹ 2,55,945 mn SPECIAL BRIDGES IRRIGATION ₹ 12,421 mn - 4.85% ₹ 43,481 mn - 16.99% ROADS & HIGHWAYS METRO ₹ 115,591 mn - 45.16% ₹ 2,130 mn - 0.83% TUNNEL ₹ 23,190 mn - 9.06% MINING AIRPORT ₹ 57,491 mn - 22.46% ₹ 1,641 mn - 0.64% Earnings Presentation | Q4 FY22 8
Slide 10: Increasing Diversification
INCREASING DIVERSIFICATION Mining, Mining, Special Bridge, Mining, Roads, Irrigation, 18.56% 14.7% Roads, 3.69% 14.4% 51.75% 7.07% Irrigation, Mining, 45.16% Irrigation, 17.02% 22.46% 2.53% Metro, Metro, 2.02% 2.01% Irrigation, 16.99% Metro, Metro, 1.18% 0.83% Special Bridge, Special Special 3.95% B
Slide 11: Total Order Book
TOTAL ORDER BOOK (₹ mn) 2,74,114 2,55,945 2,38,881 2,11,718 1,90,816 1,75,683 1,07,787 74,747 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Earnings Presentation | Q4 FY22 10
Slide 12: Order Book – Client Wise
ORDER BOOK – CLIENT WISE 76% of the order book from the 24% of the order book from the Central Government state government 48.62% 21.60% 20.18% 5.87% 2.28% 0.80% 0.64% NHAI MoRTH Coal India AAI RVNL State PSPCL Earnings Presentation | Q4 FY22 11
Slide 13: Order Book Geography and Contract Type Wise
Order Book Geography Wise Order Book Contract Type Wise Bihar, 3.09% Himachal Pradesh, Odisha, Karnataka, 2.22% 8.32%% HAM, 41% 16.56% Uttarakhand, 3.65%% Chhattisgarh, Gujarat, 4.86% 15.09%% Uttar Pradesh, Rajasthan, 3.69% 3.96%% Tamilnadu & Madhya Pradesh, Puducherry, 13.45%% 5.26%% Maharashtra, 0
Slide 14: Standalone Financial Highlights
STANDALONE FINANCIAL HIGHLIGHTS
Slide 15: Results Summary – Q4FY22 (Standalone)
RESULTS SUMMARY – Q4FY22 (STANDALONE) Revenue from Operations (₹ mn) EBITDA excl. other income (₹ mn) Profit after Tax (₹ mn) 8,00 0 1,273 29,250 25,062 4,562 4,00 0 2,368 - Q4FY21 Q4FY22 Q4FY21 Q4FY22 Q4FY21 Q4FY22 30 Contract Revenue Breakup Roads, Special Metros, Airports & Irrigation Mining Brid
Slide 16: Results Summary – FY22 (Standalone)
RESULTS SUMMARY – FY22 (STANDALONE) Revenue from Operations (₹ mn) EBITDA excl. other income (₹ mn) Profit after Tax (₹ mn) 92,089 3,193 90,061 14,690 7,536 (860) FY21 FY22 FY21 FY22 FY21 FY22 Contract Revenue Breakup Roads, Special Metros, Airports & Irrigation Mining Bridges & Tunnels 6% Urban Dev
Slide 17: Result Update – Standalone
RESULT UPDATE – STANDALONE (₹ mn) Particulars Q4FY22 Q3FY22 Q4FY21 FY22 FY21 Revenue 25,062 21,976 29,250 90,061 92,089 Operating expenses 22,694 21,913 24,678 82,525 77,399 EBITDA excl. other income 2,368 63 4,562 7,536 14,690 EBITDA Margin (%) 9.45% 0.29% 15.60% 8.37% 15.95% Other income 66 98 50
Slide 18: Standalone Profit & Loss
STANDALONE PROFIT & LOSS (₹ mn) Particulars Q4FY22 Q4FY21 FY22 FY21 Revenue from Operations 25,062 29,250 90,061 92,089 Other income 66 50 340 291 Total Income 25,128 29,299 90,402 92,380 Expenses Cost of materials consumed 21,655 23,585 77,989 72,982 Changes in inventories of finished goods, Stock-
Slide 19: Standalone Balance Sheet
STANDALONE BALANCE SHEET (₹ mn) Particulars Mar’22 Dec’21 Mar’21 Particulars Mar’22 Dec’21 Mar’21 ASSETS EQUITY AND LIABILITIES Non-current assets Equity (a) Property, plant and equipment 16,448 17,295 18,954 (a) Equity share capital 1,462 1,462 1,368 (b) Capital work in progress - 5 1 (b) Other equ
Slide 20: Standalone Cash Flow
STANDALONE CASH FLOW (₹ mn) Particulars 9MFY22 Q4FY22 FY22 Particulars 9MFY22 Q4FY22 FY22 CASH FLOW FROM OPERATING ACTIVITIES CASH FLOW FROM INVESTMENT ACTIVITIES Net profit before tax as per Statement of Profit and Loss (1,531) 42 (1,489) Purchase of Fixed Assets (1,330) (119) (1,449) Adjustments f
Slide 21: Net Working Capital Days – Quarterly
NET WORKING CAPITAL DAYS – QUARTERLY 89 100 96 102 82 104 114 101 93 100 107 90 87 89 96 85 83 91 86 80 82 80 75 71 69 69 69 66 71 65 63 60 66 63 59 60 56 57 59 58 53 55 55 48 49 51 50 49 49 44 42 95 86 91 89 100 105 104 104 106 111 113 121 120 126 127 130 138 Mar'18 June'18 Sep'18 Dec'18 Mar'18 Jun
Slide 22: Net Debt to Equity Ratio – Quarterly
NET DEBT TO EQUITY RATIO – QUARTERLY (WORKING CAPITAL & EQUIPMENT DEBT) Net Debt/Equity Equipment Debt/Equity Working Capital Debt/Equity 0.58 0.55 0.51 0.57 0.58 0.60 0.48 0.45 0.54 0.47 0.53 0.46 0.51 0.52 0.44 0.39 0.35 0.46 0.36 0.32 0.30 0.25 0.23 0.22 0.21 1.06 0.17 1.01 0.95 0.92 0.90 0.90 0.
Slide 23: Consolidated Financial Highlights
CONSOLIDATED FINANCIAL HIGHLIGHTS
Slide 24: Consolidated Profit & Loss
CONSOLIDATED PROFIT & LOSS (₹ mn) Particulars (₹ mn) Q4FY22 Q3FY22 Q4FY21 FY22 FY21 Revenue from Operations 26,637 22,455 31,355 95,664 1,01,683 Other income 52 134 80 384 422 Total Income 26,689 22,589 31,435 96,048 1,02,015 Expenses Cost of materials consumed 23,001 20,472 24,364 82,710 75,721 Cha
Slide 25: Divestment
DIVESTMENT
Slide 26: Divestment of Road Assets – Cube Deal and Shrem InvIT
DIVESTMENT OF ROAD ASSETS The Company has 13 HAM Assets which are either committed or at an advance stage of Monetisation Cube Deal Flipping to Shrem Expected Divestment Consideration InvIT Expected Divestment from 3 HAM Projects Consideration ~ ₹ 4,296 Mn from 10 HAM Projects at ~ ₹ 23,490 Mn (₹ 6,
Slide 27: Equity Tracker for HAM & Coal Projects
EQUITY TRACKER FOR HAM & COAL PROJECTS (₹ mn) Actual Invested FY 22-23 FY 23-24 FY 24-25 FY 25-26 Particulars Requirement Till Mar-22 Projected Projected Projected Projected Investment in 26 HAM Projects @ 33,661 21,281 7,460 3,730 1,102 88 Investment for Siarmal Coal Project * 5,766 31 1,007 2,019
Slide 28: Update on Divestment of 10 HAM Projects to Shrem InvIT
UPDATE ON DIVESTMENT OF 10 HAM PROJECTS TO SHREM INVIT (“AAA RATED BY INDIA RATING) (₹ mn) Sr. Expected Time-line – Project Name Equity Unsecured Loan Total COD Status No Flipping to InvIT 1 DBL Byrapura Challakere Highways Private Limited 406.00 357.70 763.70 PCOD Achieved June-22 2 DBL Gorhar Khai
Slide 29: Key Projects Update
KEY PROJECTS UPDATE
Slide 30: Hybrid Road Projects – Progress
HYBRID ROAD PROJECTS – PROGRESS Sr. No Project Name Payment Milestone (Grant) Achieved Appointed Date % of work done as on 30.04.2022 1 DBL Byrapura Challakere Highways Private Limited PCOD achieved on 15.12.2020 31.12.2018 100.00 2 DBL Borgaon Watambare Highways Private Limited PCOD achieved on 24.
Slide 31: Hybrid Road Projects – Progress
HYBRID ROAD PROJECTS – PROGRESS Sr. No Project Name Payment Milestone (Grant) Achieved Appointed Date % of work done as on 30.04.2022 13 Pathrapali-Kathghora Highways Private Limited 3rd PM, 50% Physical Progress 04.12.2020 57.96 14 Dodaballapur- Hoskote Highways Private Limited 3rd PM, 50% Physical
Slide 32: Key Outstanding Road EPC Projects
KEY OUTSTANDING ROAD EPC PROJECTS (₹ mn) Project name Contract Outstanding Order Length LOA Date Date of Start Schedule Date of Value Book as on 31.03.2022 (Kms) Completion with EOT Nagpur Mumbai Super Communication Expressway (Package 12) 16,980 507 45.65 Aug-18 Jan-19 May-22 Varanasi to Dagmagpur
Slide 33: Airport, Mining and Irrigation Projects
AIRPORT, MINING AND IRRIGATION PROJECTS Airport Projects (₹ mn) Project name Contract Outstanding Order Book Schedule date of as on 31.03.2022 LOA Date Date of Start Completion Value Construction of New Greenfield Airport at Hirasar, Rajkot 5,701 1,641 Feb-20 Feb-20 Aug-22 Mining Projects Project na
Slide 34: Special Bridges, Metro and Tunnel Projects
SPECIAL BRIDGES, METRO AND TUNNEL PROJECTS Special Bridge Projects (₹ mn) Contract Outstanding Order Book as on Schedule date of Project name LOA Date Date of Start Value 31.03.2022 Completion Zuari Bridge -(Package II ) 5,454 435 Feb-16 April-16 Sep-22 Extra-dosed bridge across Sharavathi backwater
Slide 35: Company Overview
COMPANY OVERVIEW
Slide 36: Overview
OVERVIEW ₹ Pan India presence Largest owner of No subcontracting, Best project executors 19 states & construction vertically integrated ~90% projects 1 Union Territory equipments 11,237 and use of technology before time Diversified areas of expertise Largest employer in Early completion bonus Roads,
Slide 37: Our Journey
OUR JOURNEY After building an enviable reputation for ahead-of-time-execution in its home state, Enters into Tunnels and Metros the Company decides to foray outside for After building roads segments. Revenue grows to The young firm witnesses a in multiple more than 120%, since the the first time and
Slide 38: Pan India Project Execution Capability
PAN INDIA PROJECT EXECUTION CAPABILITY (₹ mn) State Completed Ongoing Gross Ongoing Net Andhra Pradesh 42,795 7,555 7,555 Bihar - 12,699 7,903 Chhattisgarh 7,038 18,407 12,437 Himachal Pradesh Goa 9,827 5,454 435 Punjab Uttarakhand Gujarat 9,589 48,894 38,634 Haryana Haryana 4,637 - - Himachal Prade
Slide 39: Backward Integration
BACKWARD INTEGRATION To further support our in-house execution, we have setup our own manufacturing units, which make the highest quality road furniture/ material needed for our business. It helps us control costs and timelines. Octagonal Pipe Metal Beam Road Marking Bus Sign Scaffolding Poles Rolli
Slide 40: Leadership Team
LEADERSHIP TEAM Mr. Dilip Suryavanshi Mr. Devendra Jain Chairman and MD Executive Director & CEO Dilip Suryavanshi is the Chairman and Managing Director of our Company. He holds a bachelors degree in Devendra Jain is an Executive Director and Chief Executive Officer of our Company. He holds a bachel
Slide 41: Awards, Accreditation & Accolades
AWARDS, ACCREDITATION & ACCOLADES Best Place to Work in India by National Highway Excellence Dun & Bradstreet Construction World Global National Highway CNBC Awaaz CEO awards 2019 Ambition Box Award 2020 for Excellence in Construction-Infrastructure Award 2019 3rd Fastest Excellence Award 2019 for "
Slide 42: Awards, Accreditation & Accolades
AWARDS, ACCREDITATION & ACCOLADES Largest Fleet Owner of EC210B Valued Customer of Bitumen Single Largest Customer of Star Achiever by GK TMT in 2014 Road Contractor of the Year by Hydraulic Excavators in India by by BPCL in 2015 Caterpillar GCI in India in 2014 Construction Week in 2016 Volvo in 20
Slide 43: Thank You
Dilip Buildcon Limited Plot No. 5, Inside Govind Narayan Singh Gate, Chuna Bhatti, Kolar Road, Bhopal, Madhya Pradesh - 462 016 0755 - 4029999 / 0755 - 4029998 db@dilipbuildcon.co.in L45201MP2006PLC018689 S-Ancial Technologies Pvt. Ltd. (Investor Relations) 215, Shivshakti Industrial Estate, J. R. B