Slide 1: Corporate Presentation March 2017
Corporate Presentation March 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 March 31 , 2017 quarter 3 Successful Launch of First InvIT of India 4 Benefits to IRB post InvIT 5 Impact of InvIT on Consolidated Financials of IRB 6 Key Competitive Difference 7 Roadmap so far 8 The IRB Group 9 Organization Struct
Slide 4: Key Highlights during the March - 2017 Qtr
Key Highlights during the March - 2017 Qtr Financial •Consolidated Income For Q4 FY 2017 has gone up to Rs.16,560 mn from Rs. 15,712 mn registering a growth of 5% in comparison to Q4 FY2016. Whereas for FY2017 stands at Rs. 59,691 Mn from Rs. 52,551 Mn registering a growth of 14% over FY2016 • Conso
Slide 5: Successful Launch of First InvIT of India
Successful Launch of First InvIT of India Operational First ever Listed Infrastructure Investment Trust in Unit holding Pattern Project Assets India “IRB InvIT Fund” Category % Holding acquired from IRB Sponsor(s) / Investment Manager / Project Manager(s) and their associates/related 15% Issue o
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 transferred to IRB InvIT Fund. Consideration to IRB was paid as follows; Rs. Rs. 1,681 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 Sheet FY 2018 FY 2019 Net Worth Net Worth will increase as PAT increases. As the assets were transferred at book value, there is no immediate impact on net worth. Net Debt The Bank debt in the SPVs as on 31st March 2017 was Rs.
Slide 8: Impact of InvIT on Consolidated Finacials of IRB
Impact of InvIT on Consolidated Finacials of IRB Impact on Profitability FY 2018 FY 2019 Total There will be marginal increase in total income in FY 18 due to : Income Tolling will start on 3 Rajasthan projects consisting approx. length of 330 Kms. Tolling will also start on Solapur Yedeshi , Kaitha
Slide 9: 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 10: Key Competitive Advantage
Key Competitive Advantage One of the largest BOT Project Portfolio in the Roads and Highways Robust order 22 BOT projects Sector book of out of which 14 Rs 99,589 Mn are operational * Key Competitive Professionally Advantage Strong financial managed track record and company with relationship with qu
Slide 11: Roadmap So Far
Roadmap So Far Awarded 2 Nos. of Six Laning Projects of Launched India’s first ever listed Infrastructure First ever Airport Project in IRB’s NHAI on DBFOT Pattern in the state of Investment Trust “ IRB InvIT Fund” portfolio Successfully raised Rs. Rajasthan – Greenfield Airport Project in 4
Slide 12: The "IRB" Group
The “IRB” Group IRB’s Road Projects Sr. Length in Company Road Name No. Km Roads 100%** 16 BOT Projects 1 Ideal Road Builders Pvt. Ltd. Thane Bhiwandi Bypass BOT 24.00 2 Aryan Toll Road Pvt. Ltd. Pune – Sholapur BOT 26.00 3 ATR Infrastructure Pvt. Ltd. Pune – Nashik BOT NH 50 29.81 4 Mhaiskar Infras
Slide 13: 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 Executive Director Joint Managing Director Mr. Chandrashekhar S. Kaptan Mr. Sunil H. Talati Mr. Sandeep Shah Mr. Sunil Tan
Slide 14: Organization Structure
Organization Structure Statutory Auditors Mr. Rajkamal R. Bajaj Internal Auditors Suresh Surana & Associates S. R. Batliboi & Co. LLP Advisor to the Board Chartered Accountants Chartered Accountants Joint Statutory Auditors Bankers / Lenders of IRB Group Gokhale & Sathe Andhra Bank Canara Bank Chart
Slide 15: Shareholding Pattern
Shareholding Pattern Shareholding Pattern as On March 31, 2017 Name Percentage (%) Promoter 57.20 Promoter Group 0.17 FII / EPI 29.30 DII 7.35 Others 5.98 Total 100.00 15
Slide 16: Operational BOT Projects
Operational BOT Projects Name of Surat Bharuch Tumkur Omallur Salem the Project Dahisar * Surat * Chitradurga * Namakkal * Client NHAI NHAI NHAI NHAI State Maharashtra / Gujarat Gujarat Karnataka Tamil Nadu Length of the Project (In 239.00 65.00 114.00 68.625 Kms) Project Cost as appraised by the Le
Slide 17: Operational BOT Projects
Operational BOT Projects Name of Talegaon Jaipur Pathankot Ahmedabad the Project Amravati * Deoli * Amritsar Vadodara Client NHAI NHAI NHAI NHAI State Maharashtra Rajasthan Punjab Gujarat Length of the Project (In 66.73 146.30 102.42 195.602 Kms) Project Cost as appraised by the Lenders 8,880 17,330
Slide 18: Operational BOT Projects
Operational BOT Projects Name of Mumbai IRDP Thane Ghodbunder the Project Pune Kolhapur Client MSRDC MSRDC MSRDC State Maharashtra Maharashtra Maharashtra Length of the Project (In Kms) 206.00 14.90 49.99 Project Cost as appraised by the 13,016 2,462 4,300 Lenders Rs. Mn Debt / Unsecured Loan Outsta
Slide 19: Operational BOT Projects
Operational BOT Projects Thane - Bhiwandi Name of the Project Pune - Nashik Pune - Solapur Bypass Client MORT&H MOSRT&H MOSRT&H State Maharashtra Maharashtra Maharashtra Length of the Project (In Kms) 24.00 29.81 26.00 Project Cost as appraised by the Lenders 1,040 737 630 Rs. Mn Debt / Unsecured Lo
Slide 20: BOT Projects Under Implementation
BOT Projects Under Implementation Name of the Goa / Karnataka Border Solapur Yedeshi Kaithal Project to Kundapur Yedeshi Aurangabad Rajanthan Border Client NHAI NHAI NHAI NHAI State Karnataka Maharashtra Maharashtra Haryana Length of the Project (In 189.60 98.72 189.09 166.26 Kms) Project Cost as ap
Slide 21: BOT Projects Under Implementation
BOT Projects Under Implementation Name of the Agra – Etawah Udiapur – Gujrat Border Gulabpura – Chittorgarh Kishangarh - Gulabpura Project Client NHAI NHAI NHAI NHAI State Uttar Pradesh Rajasthan / Gujarat Rajasthan Rajasthan Length of the Project 124.52 113.80 124.87 90.00 (In Kms) Project Cost as
Slide 22: Strong Order Book
Strong Order Book O & M Contracts 7% Order book As on March 31, 2017 Goa Kundapur 5% Amount Kishangarh Order Book* Composition Gulabpura Sindhudurg in Rs. Mn Airport 15% 2% Ongoing BOT Projects 38,217 Solapur Yedeshi Yedeshi 1% Aurangabad BOT Projects in O&M Phase 7,012 Gulabpura - 9% Kaithal Chitto
Slide 23: IRB's BOT Road Portfolio
IRB’s BOT Road Portfolio BOT Portfolio – Km & Lane Km BOT Portfolio – State wise % 12000 Rajasthan 22% Karnataka 10000 12% Punjab 3% Tamil Nadu 8000 2% Haryana Km and LKM 6% 6000 Gujarat 18% Uttar Pradesh 4000 6% Maharashtra 31% 2000 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Year 1998 1999 2002 2003
Slide 24: 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 Dependency on single project now reduced to KM-82 operationalization of Surat Dahisar, T
Slide 25: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period March 2017 ( Quarter) (As per Ind-AS) March 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 % Total
Slide 26: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period March 2017 ( Quarter) (As per Ind-AS) December 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 % T
Slide 27: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period March 2017 (Year) (As per Ind-AS) March 2016 (Year) (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 % Amt % Total Income
Slide 28: 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 20,000 17,634 Rs.in Mn 32,582 14,946 30,000 15,000 20,000 10,000 10,000 5,000 - - FY 2012 FY 2013 FY 2014 FY
Slide 29: Strong Financial Track Record Consolidated Financials
Strong Financial Track Record Consolidated Financials Net Worth & ROE Net Debt & Net Debt to Equity Ratio 58,000 30% 163,000 6.00 52,716 154,000 151,498 54,000 48,272 145,000 134,093 50,000 25% 136,000 5.00 46,000 43,609 127,000 35,607 118,000 109,695 42,000 17% 17% 20% 109,000 4.00 95,816 (Rs. Mn)
Slide 30: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn FY 2016 FY 2017 Sr. Name of the Project FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 Q4–March Q4– March No. 2016 # 2017 # 1 Mumbai - Pune BOT Project 3,977 4,162 4,376 5,673 6,331 6,819 1,649 1,832 2 Surat Dahisar BOT Project * 4,008 4,441 4,879 5,549
Slide 31: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn Post demonetisation, toll collection was temporarily stopped and Company has claimed compensation as per Concession agreement. The Compensation amount is not included in the toll collection 31
Slide 32: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn Post demonetisation, toll collection was temporarily stopped and Company has claimed compensation as per Concession agreement. The Compensation amount is not included in the toll collection. 32
Slide 33: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn Post demonetisation, toll collection was temporarily stopped and Company has claimed compensation as per Concession agreement. The Compensation amount is not included in the toll collection. 33
Slide 34: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn Post demonetisation, toll collection was temporarily stopped and Company has claimed compensation as per Concession agreement. The Compensation amount is not included in the toll collection. 34
Slide 35: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn Post demonetisation, toll collection was temporarily stopped and Company has claimed compensation as per Concession agreement. The Compensation amount is not included in the toll collection. 35
Slide 36: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative During Q4- March - 2016 During Q4 – March 2017 Thane Bhiwandi Thane Ghodbunder Thane Bhiwandi 3% 1% Bharuch Surat Pune Nashik 8% 3% Bharuch Surat Tumkur 1% Tumkur 7% Chitradurga Chitradurga Pune Solapur Thane Ghodbunder 8% 1% 10% 1% Pune Nashik 1% Mumbai Pune Omalur Sale
Slide 37: Corporate Recognition
Corporate Recognition For two consecutive year , IRB has been Mr. Virendra D. Mhaiskar, Chairman & awarded CNBC TV 18 Essar Steel Managing Director of IRB, was chosen as Infrastructure Excellence Award in the the “Young Turk of the Year” at the 6th Highways & Flyovers category. Edition of CNBCTV18 I
Slide 38: 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 39: Our CSR Initiative
Our CSR Initiative In a traditional and backward rural area of We also generously Rajasthan, where educating a girl child is frowned contributed to the Chief Minister’s upon, IRB’s school has the distinction of having drought relief fund more girl students (141) than boys (130) students. in Maharash
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