Ashoka Buildcon Limited · NSE:ASHOKA
Ashoka Buildcon — Q2 FY19 Earnings Presentation
21 slides from Ashoka Buildcon's earnings presentation, Nov 4, 2018
Slide 1: Filing cover letter to BSE and NSE
ASHOM Ashoka Buildcon Limited To, To, The Manager, The Manager, The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai — 400 001 Bandra (East), Mumbai — 400 05
Slide 2: Developing Infrastructure for Better Tomorrow - Result Update Presentation Q2FY19
Developing Infrastructure for Better Tomorrow RESULT UPDATE PRESENTATION | Q2FY19
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Ashoka Buildcon Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securi
Slide 4: Key Development
Key Development Revenue (Rs Mn) Cumulative Debt of Rs. 18,250 mn tied-up for all 5 Ham projects Submitted Financing Documents in desired timeline 7,802 3,895 Lowest Bidder (L-1) worth Rs 7,942 Mn for 2 Packages of Rail Vikas Nigam (RVNL) Q2FY18 Q2FY19 Package 1: Sonagar to Japla – Rs 3,847 Mn, c
Slide 5: Successfully Tied-up Financing for all HAM projects
Successfully Tied-up Financing for all HAM projects Bid Total Project Name State Grant Debt Tied-up Equity * Bankers Project Cost Project Cost Aditya Birla Mallasandra Karadi Road Karnataka 9,170 7,406 3,668 2,750 988 Finance Karadi Banwara Road Karnataka 12,185 10,064 4,874 3,850 1,340 HDFC Bank Be
Slide 6: Debt Profile as of September 2018
Debt Profile as of September 2018 Consolidated Debt (Rs. Mn) 47,440 50,905 Mar 2018' Sep 2018' Consolidated Debt beak-up (Rs. Mn) Standalone Debt beak-up (Rs. Mn) Standalone debt 3,880 - Equipment loan 1,131 Project debt 47,025 - Working capital 2,749 Total 50,905 Total 3,880 5
Slide 7: Standalone Profitability Highlights (as per IND-AS)
Standalone Profitability Highlights (as per IND-AS) Rs mn Q2 FY19 Q2 FY18 Y-o-Y(%) Q1FY19 Q-o-Q(%) H1 FY19 H1 FY18 Y-o-Y(%) Total Income from Operations 7,644.2 3,787.0 6,837.3 14,481.5 10,870.2 Other Income 157.4 107.8 365.6 523.0 199.9 REVENUE 7,801.6 3,894.8 100.3% 7,202.9 8.3% 15,004.5 11,070.2
Slide 8: Standalone Balance Sheet (as per IND-AS)
Standalone Balance Sheet (as per IND-AS) Rs mn Sep-18 Mar-18 Rs mn Sep-18 Mar-18 Shareholder’s Fund 20,520 19,263 Non-current assets 25,371 21,162 Share capital 1,404 936 Fixed assets 2,628 2,324 Reserves & Surplus 19,117 18,327 Other Non-current assets 22,743 18,838 Non-current liabilities 4,172 3,
Slide 9: EPC Business Highlights
ASH OKA Ashoka Buildcon Ltd. ~~ tsb, m a el x A Ale EPC BUSINESS HIGHLIGHTS
Slide 10: EPC order backlog
EPC order backlog Order backlog of Rs 98 bn as on 30th September, 2018 Roads Rs. Mn Power T&D Rs. Mn BOT 53,717 17,690 Hybrid Annuity : Khrar - Ludhiana, Punjab 7,702 Hybrid Annuity : Anandpuram 7,247 Maharashtra 1,834 Hybrid Annuity : Vadodara Kim, Gujarat 11,571 Bihar 7,406 Hybrid Annuity : Tumkur
Slide 11: EPC business financial performance
EPC business financial performance Figures in Rs Mn Revenue# EBITDA and EBITDA Margin 14% 17% 15% 15% 16% 25,461 19,667 20,852 3,912 19,037 3,383 15,004 3,146 2,638 2,373 FY15 FY16 FY17 FY18 H1FY19 FY15 FY16 FY17 FY18 H1FY19 PAT and PAT Margin Order Book 8% 5% 8% 9% 8% 97,637 2,370 1,761 70,047 1,60
Slide 12: Development Business
ASH OKA Ashoka Buildcon Ltd. ~~ tsb, m a el x A Ale DEVELOPMENT BUSINESS
Slide 13: Gross toll collection
Gross toll collection (Rs. Mn) Q2 FY 19 Q2 FY 18 Y-o-Y (%) Q1 FY 19 Q-o-Q (%) ACL BOT Projects Belgaum Dharwad 218.0 208.2 4.7% 229.9 -5.2% Dhankuni - Kharagpur 887.9 757.2 17.3% 892.5 -0.5% Bhandara 160.4 149.9 7.0% 167.1 -4.0% Durg 192.5 185.1 4.0% 195.1 -1.3% Jaora - Nayagaon 516.4 502.6 2.7% 516
Slide 14: Toll collection: ACL projects
Toll collection: ACL projects Figures in Rs Mn Company Ashoka Belgaum Dharwad Tollway Ltd. Ashoka Dhankuni Karagpur Tollway Ltd. Rs. Million Rs. Million Project Belgaum Dharwad Project Dhankuni Karagpur Project Period 2016-17 2017-18 2018-19 % rise 2016-17 2017-18 2018-19 % rise April-June 186.1 214
Slide 15: Toll collection: ACL projects
Toll collection: ACL projects Company Jaora - Nayagaon Toll Road Company Pvt Ltd. Rs. Million Project Jaora – Nayagaon Road Project Period 2016-17 2017-18 2018-19 % rise April-June 407.1 473.5 516.4 9.1% July-Sept 425.2 502.6 516.4 2.7% Oct-Dec 339.1 529.9 - - Jan-Mar 466.7 523.1 - - 1,638.1 2,029.1
Slide 16: Toll collection: ABL owned projects
Toll collection: ABL owned projects Figures in Rs Mn Company Ashoka Buildcon Ltd. Ashoka DSC Katni Bypass Road Ltd. Project Ahmednagar - Aurangabad Road Katni Road Project Period 2016-17 2017-18 2018-19 % rise 2016-17 2017-18 2018-19 % rise April-June 62.8 64.4 93.7 45.5% 54.5 55.4 58.1 4.9% July-Se
Slide 17: Annual Financial Highlights
ANNUAL FINANCIAL HIGHLIGHTS
Slide 18: Annual Gross toll collection
Annual Gross toll collection (Rs. Mn) FY18 FY17 FY16 ACL Projects Belgaum Dharwad 878 699 696 Dhankuni – Kharagpur 3,176 2,557 2,413 Bhandara 648 570 592 Durg 785 700 734 Jaora – Nayagaon 2,029 1,638 1,638 Sambalpur 633 477 431 Sub-total 8,148 6,642 6,504 ABL Owned Projects Ahmednagar - Aurangabad 2
Slide 19: Adjusted Annual Gross toll collection
Adjusted Annual Gross toll collection (Rs. Mn) FY18 FY17 * % Change FY16 ACL Projects Belgaum Dharwad 878 746 18% 696 Dhankuni – Kharagpur 3,176 2,729 16% 2,413 Bhandara 648 608 7% 592 Durg 785 747 5% 734 Jaora – Nayagaon 2,029 1,748 16% 1,638 Sambalpur 633 509 24% 431 Sub-total 8,148 7,088 15% 6,50
Slide 20: Standalone Profitability Highlights (as per IND-AS)
Standalone Profitability Highlights (as per IND-AS) Rs mn FY18 FY17 Y-o-Y(%) IND-AS accounting treatment for Total Income from Operations 24,483 20,133 978 719 Investment in Ashoka Concession Other Income REVENUE 25,461 20,852 22.1% Investment in Ashoka Concession through CCDs Operating Expenses 2
Slide 21: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Ashoka Buildcon Ltd. Stellar IR Advisors Pvt. Ltd. Mr. Paresh Mehta Mr. Gaurang Vasani / Mr. Vikash Verma paresh.mehta@ashokabuildcon.com vgaurang@stellar-ir.com / vikash.verma@stellar-ir.com CIN : L45200MH1993PLC071970