Antony Waste Handling Cell Ltd. · NSE:AWHCL
Antony Waste Handling Cell — FY2023 Earnings Presentation
36 slides from Antony Waste Handling Cell's earnings presentation, May 25, 2023
Slide 1: Exchange filing cover letter – Investor Presentation May 2023
CIN: L90001MH2001PLC130485West) - 400601Phone: 022 – 4213 0300 | Email: info@antonyasia.com | Website: www.antony-waste.com Ref.: AW/SEC/NSE/2023-24/17 Date: May 25, 2023 To, Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No.C-1, Block G, Bandra-Kurla Com
Slide 2: Antony Waste Handling Cell Limited Investor Presentation – May 2023
AN TO NY ~ E Antony Waste Handling Cell Limited Investor Presentation – May 2023
Slide 3: Safe Harbor
Safe Harbor ~ ANTONY PWASTE - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -~ - @- @ 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 d
Slide 4: Leading Player in the Indian MSW Management Industry
Leading Player in the Indian MSW Management Industry ANTONY PWASTE ~ ~ - @- @ Market Operational Strong Financial Leadership Excellence Performance ~ I I I I 2,094 Revenue FY23 2nd I I Operates Largest Largest Domestic Player I I Single location waste processing Vehicle fleet(1) Rs. 877 cr. I plant
Slide 5: Industry Dynamics
Industry Dynamics ~ -r-=--=--=--=--=--=--=--=--=--=--=--=--=--=--=--=--=--=--=--=--=--=--=--=--=--=--=--=--=--=--=--=-- - - - - - - - - - - - - - - ~ @-@ ANTONY rWASTE India’s Waste Management Industry has enormous growth potential On average India practices higher open dumping vs global average Was
Slide 6: Presence Across Value Chain
Presence Across Value Chain ~ ANTONY PWASTE - - - - - - - - - - - - - - - - - -~ @ -@ Municipal Solid Waste Generation Collection & Transportation Only ~30-35% of the MSW generated and collected in India is scientifically Transfer Station (Secondary Storage & Segregation) processed Types of ....____
Slide 7: Key Milestones
Key Milestones ~ ANTONY PWASTE - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -~ - @- @ ▪ Awarded C&T project by TMC ▪ Inception of the Company ▪ Awarded new C&T project by the ▪ Awarded 2 C&T projects by Nashik City ▪ Awarded Power sweeping project Nagpur Municipal Corporation Municipal
Slide 8: Our Core Competencies
Our Core Competencies ~ ® ANTONY~WASTE - - - - -- - - - - - - -- - - - - - - - - - - - - - - - -~ @-@ Strong track record of 0 Experienced management team project execution with strong domain expertise A leading service provider in Municipal Solid Waste management sector with end-to-end capabilities
Slide 9: End-to-end waste management capabilities
End-to-end waste management capabilities… Involves door to door collection of MSW from households, commercial establishments etc. 1 Door to door collection Strong C&T capabilities with a large fleet of vehicles. Transportation 2 Waste is transported to the processing facility, transfer station or a
Slide 10: …with diversified revenue streams…
…with diversified revenue streams… ~ ANTONY PWASTE - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -~ - @- @ MSW C&T MSW Processing Contract & Others 54% 20% 26% Revenue Revenue Revenue Contribution Contribution Contribution • Door to door collection through primary collection • Involve so
Slide 11: …and a De-Risked business model.
…and a De-Risked business model. ~ ANTONY PWASTE ------ - - - - - - - - Factors de-risking the business model - - - - - - - - - - - - - - - Revenue from operations -~ - @- @ Staggered revenue Partly hedged for (Rs. In Cr) % Revenue stream major costs ■ C&T of MSW Contribution Projects diversified Ti
Slide 12: Experience in Project Execution Across the Country
Experience in Project Execution Across the Country ~ ANTONY PWASTE - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -~ - @- @ Type of Services Particulars Mechanized Construction & MSW C&T MSW Processing Sweeping Demolition Thane Municipal Corporation ✓ Navi Mumbai Municipal Corporation ✓ ✓
Slide 13: All India Ranking as per Swachh Bharat Survey – 2022
All India Ranking as per Swachh Bharat Survey – 2022 Ranking 3rd 5th 13th 19th 21st Navi Mumbai NOIDA Thane Pimpri Chinchwad Varanasi Population >10 Lakhs <10 Lakhs >10 Lakhs >10 Lakhs >10 Lakhs Leading Player in Indian Municipal Solid Waste Management Industry Ranking 27th 31st 37th 57th Nagpur MCG
Slide 14: One of the largest single location plant in Asia
One of the largest single location plant* in Asia 2010-2036 ~5,500 Tonnes Rs. 3/unit Plans to sell surplus electricity to BMC in Project Tenure Currently handling waste per day future ~13 Years 12.31 mmt ~60% Of waste generated in Mumbai is handled Balance Tenure Since project inception till March 2
Slide 15: Waste to Energy - Pimpri Chinchwad Municipal Corporation
Waste to Energy - Pimpri Chinchwad Municipal Corporation Expected Start date of Commencement of operations - June 23 30 acres of land provided by 2019-2042 PCMC Project Tenure ~21 Years ~800 tons of Municipal Solid Waste to be processed every day Balance Tenure (post COD) 11.5 MW @ Rs. 5 / Customer
Slide 16: Access to Technology Backed Vehicles & Equipment
Access to Technology Backed Vehicles & Equipment Collection and Transportation Technological Intervention Small Tipper – Drain Stilt 1,375 Compactor - Dumper Placer - Power Sweeping Big Tipper - Machine & Others Hook Loader - Electric Vehicle – 392 46 Machine - 10 66 45 - 66 94 1,917 out of 2,094 ve
Slide 17: Promoters & Board of Directors
Promoters & Board of Directors Promoter Directors Jose Jacob Kallarakal Shiju Jacob Kallarakal Shiju Antony Kallarakkal ▪ >20 years experience in waste ▪ > 20 years of experience in waste ▪ > 20 years of experience in automobile management management sector and more than 6 years in waste ▪ Majorly r
Slide 18: We are a ESG centric Business
We are a ESG centric Business Social Environmental ▪ Target to achieve LTIFR rate of <0.30 by FY 24. Conduct employee trainings Governance regularly on construction dangers, ▪ 4688 ton of CO2 equivalent ▪ Board of 6 members, headed by waste management, machine/ fire avoided during FY23. Chairman & M
Slide 19: Our Strategy
Our Strategy Capitalize on growth opportunities in MSW management sector Continue with rational selection of projects and strategically expand our geographical footprint Moving up MSW value chain by diversifying into emerging waste management areas Focus on enhancing operational efficiency Cluster b
Slide 20: Emerging areas of growth
Emerging areas of growth Biomethanation Population Waste Qty Approx. Capex Treatment option Products (‘000) (TPD) (Rs. lakhs/TPD) o Anaerobic fermentation of bio-degradable waste in an enclosed space - generates methane rich bio-gas fuel and sludge, used for making compost o Like composting, biometh
Slide 21: Financial Highlights
anTony/waste Financial Highlights
Slide 22: Quarterly Highlights
Quarterly Highlights Total Revenue (Rs. in Cr) EBITDA (Rs. in Cr) PAT (Rs. in Cr) 240 49 29 46 46 28 222 42 42 43 26 205 210 39 24 193 22 34 158 166 19 150 16 12 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY22 FY22 FY22 FY22 FY23 FY23 FY23 FY23 FY22 FY22 FY22* FY22 FY23
Slide 23: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (in Rs. Cr) Q4FY23 Q4FY22 Y-o-Y Q3FY23 Q-o-Q FY23 FY22 Y-o-Y Revenue from MSW C&T 125.3 108.4 16% 113.9 10% 469.8 417.2 13% Revenue from MSW Processing 44.8 37.9 18% 43.8 2% 174.5 150.8 16% Total operating Revenue 170.1 146.4 16% 157.7 8% 644.4 56
Slide 24: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Assets (Rs. in Cr) 31-Mar-23 31-Mar-22 Equity & Liabilities (Rs. in Cr) 31-Mar-23 31-Mar-22 Non - Current Assets 893.0 618.5 Total Equity 616.8 532.7 Property Plant & Equipment 190.3 114.4 Share Capital 14.1 14.1 CWIP 31.3 8.9 Reserves & Surplus 471.6 402.6 Right
Slide 25: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. in Cr) Mar-23 Mar-22 Net Profit Before Tax 102.3 112.7 Adjustments for: Non -Cash Items / Other Investment or Financial Items 64.2 51.6 Operating profit before working capital changes 166.5 164.3 Changes in working capital -42.5 -38.5 Cash generated
Slide 26: Credit Rating
Credit Rating Detailed Rationale AWHCL Rating Current Rating Previous Rating • Ratings of Antony Lara Enviro Solutions Private Limited (ALESPL), material subsidiary of the Company continue to reflect: Long term Bank facilities CARE BBB+; Stable CARE BBB; Stable • Extensive industry experience of the
Slide 27: Consolidated Financial Highlights
Consolidated Financial Highlights PBT before exceptional item Revenue (Rs. in Cr) EBITDA (Rs. in Cr) & EBITDA Margin (%) (Rs. in Cr) & PBT Margin (%) 877 29.7% 30.0% 18.3% 27.1% 16.9% 25.0% 15.5% 11.7% 19.2% 14.7% 113 232 167 667 140 85 130 168 71 102 99 89 46 175 481 465 151 52 62 FY19 FY20 FY21 FY
Slide 28: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (in Rs. Cr) FY23 FY22 FY21 FY20 FY19 Revenue from MSW C&T 469.8 417.2 297.3 269.0 166.5 Revenue from MSW Processing 174.5 150.8 131.9 133.2 76.5 Total operating Revenue 644.4 568.0 429.2 402.2 243.0 Contract & Others 232.2 98.7 51.5 62.4 55.5 Tota
Slide 29: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Assets (Rs. Cr) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Equity & Liabilities (Rs. Cr) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Non - Current Assets 893.0 618.5 481.2 475.8 426.4 Total Equity 616.8 532.7 442.6 299.9 235.4 Property Plant & Equipment 190.3 114.4 123.9 137.9 57
Slide 30: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. in Cr) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Net Profit Before Tax 102.3 112.7 70.6 82.0 47.7 Adjustments for: Non -Cash Items / Other Investment or Financial Items 64.2 51.6 48.6 54.2 34.7 Operating profit before working capital changes 166.5 164.3 119
Slide 31: Annexures
y ANTONY Annexures
Slide 32: Quality Cum Cost Based Bidding Process
Quality Cum Cost Based Bidding Process ▪ Project area analysis ▪ Compliance with various covenants for project ▪ Feasibility study - Project report closure ▪ Key Execution & Admin. risks ▪ For projects on operation and maintenance basis, ▪ Route map study entire vehicle fleet is required to be retur
Slide 33: Group structure
Group structure JV Partner Lara Central De Tratamento De Residuos LTDA, Brazil 27% 73% 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 34: Our Operations & Facilities
Our Operations & Facilities Material Recovery Facility Bio-reactor Landfill Gas Collection Composting 33
Slide 35: 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 36: Thank You
Thank You Company : Investor Relations Advisor : CIN: L90001MH2001PLC130485 CIN: U74140MH2010PTC204285 Mr. Subramanian NG Mr. Jigar Kavaiya / Mr. Pratik Shah E: Investor.relations@antonywaste.in E: jigar.kavaiya@sgapl.net / p.s.shah@sgapl.net T: +91 9920602034 / +91 9870030585 www.antony-waste.com w
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