Slide 1: Corporate Presentation June 2018
Corporate Presentation June - 2018 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 Key Highlights for June 2018 quarter 2 Consolidated Financial Results as on June 30, 2018 3 Strong Financial track record 4 BOT Toll Revenue Comparative 5 Toll Performance 6 Other Operational BOT Projects 7 BOT Projects under implementation 8 New Wins : Rs. 90 bn worth
Slide 4: Key Highlights during Q1FY2019
Key Highlights during Q1FY2019* Revenue* EBITDA* PAT* For Q1FY19 has declined to Rs.15,832 mn For Q1FY19 has gone up to Rs For Q1FY19 has declined to Rs. 7,920 from Rs. 18,704 Mn registering a decline 2,501mn from Rs. 2,379 Mn registering Mn from Rs. 8,713 Mn registering a of 15% over Q1FY18 with tr
Slide 5: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period June 2018 (Quarter) June 2017 (Quarter) Ended Particulars Total All Segments Construction Segment BOT Segment Total All Segments Construction Segment BOT Segment Amt % Amt % Amt % Amt % Amt % Amt % Total Income 15,832.40 100.00 10,350.89
Slide 6: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period June 2018 (Quarter) March 2018 (Quarter) Ended Particulars Total All Segments Construction Segment BOT Segment Total All Segments Construction Segment BOT Segment Amt % Amt % Amt % Amt % Amt % Amt % Total Income 15,832.40 100.00 10,350.89
Slide 7: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period June 2018 (Quarter) March 2018 (Year) Ended Particulars Total All Segments Construction Segment BOT Segment Total All Segments Construction Segment BOT Segment Amt % Amt % Amt % Amt % Amt % Amt % Total Income 15,832.40 100.00 10,350.89 10
Slide 8: Strong Financial Track Record Consolidated Financials
Strong Financial Track Record Consolidated Financials Revenue EBITDA 70,000 35,000 59,691 31,715 58,628 60,000 28,480 30,000 27,874 52,551 50,000 25,000 23,247 39,605 40,000 Rs.in Mn Rs. in Mn 20,000 30,000 15,000 20,000 15,832 10,000 7,920 10,000 5,000 - - FY 2015 FY 2016 FY 2017 FY 2018 Q1-FY 2019
Slide 9: Strong Financial Track Record Consolidated Financials
Strong Financial Track Record Consolidated Financials Net Worth & ROE Net Debt & Net Debt to Equity Ratio BOT Assets Capital Employed & ROCE 235,000 219,551 218,976 219,529 210,000 185,000 171,632 160,000 143,879 Rs. in Mn 135,000 110,000 85,000 60,000 35,000 10,000 FY 2015 FY 2016 FY 2017 FY 2018 Q
Slide 10: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn Sr. No. Name of the Project FY 2015 FY 2016 FY 2017 FY 2018 Q1 - FY 2018 Q1 - FY 2019 1 Mumbai - Pune BOT Project 5,673 6,331 6,819 9,016 2,278 2,309 2 Ahmedabad – Vadodara 1,566 2,187 3,309 3,808 916 1,041 3 Chittorgarh – Gulabpura BOT ( Tolling Commence
Slide 11: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative • Due to closure of Mumbra bypass, which acts as the last mile connectivity to NH 4 with NH3 and NH8, there has been significant diversion of heavy traffic Category Apr-18 May-18 Jun-18 since May 18 CAR 4343 4,778 4,418 • This has led to revenue loss of almost Rs12-14 la
Slide 12: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative 12
Slide 13: Toll Performance (1/4)
Toll Performance (1/4) Ahmadabad Vadodara Name of Ahmedabad Interest rate successfully reduced by 2.25% to the Project Vadodara 9.25% on aggregate debt of Rs 33bn, resulting in Client NHAI Rs 0.7bn savings annually State Gujarat Robust growth in traffic being witnessed which, Length of the Proje
Slide 14: Toll Performance (2/4)
Toll Performance (2/4) Agra Etawah Name of the Project Agra – Etawah Effective 20th Jan 2018, Agra Client NHAI Lucknow Expressway has State Uttar Pradesh started tolling at concessionary Length (In Kms) 124.52 rate of 75% Project Cost in Rs. Mn 25,230 We are witnessing some bit of Debt / Unsecur
Slide 15: Toll Performance (3/4)
Toll Perfomance (3/4) Solapur Yadeshi: Solapur Kaithal - Rajasthan Project performing inline with expectation even with 93% Name of the Project Yedeshi Border tolling as on date. Robust traffic mix as well as growth momentum bodes Client NHAI NHAI well for good return profile of the asset. State
Slide 16: Toll Performance (4/4)
Toll Performance (4/4) Kishangarh Name of the Project Udaipur Gujarat Border Gulabpura Chittorgarh Gupabpura Client NHAI NHAI NHAI State Rajasthan / Gujarat Rajasthan Rajasthan Project Cost in Rs. Mn 20,879 20,900 15,260 Debt / Unsecured Loan O/S as on 4,429 3,131 1,320 June 30, 2018 (Rs. Mn ) Premi
Slide 17: Other Operational BOT Projects
Other Operational BOT Projects Mumbai Name of the Project Thane Ghodbunder Pune - Solapur Pune - Nashik Pune Client MSRDC MSRDC MOSRT&H MOSRT&H State Maharashtra Maharashtra Maharashtra Maharashtra Length of the Project 206.0 14.9 26.0 29.8 (In Kms) Project Cost in Rs. 13,016 2,462 630 737 Mn Debt /
Slide 18: BOT Projects Under Implementation
BOT Projects Under Implementation Goa / Karnataka Border Yedeshi Name of the Project to Kundapur Aurangabad Client NHAI NHAI State Karnataka Maharashtra Length of the Project (In Kms) 189.6 189.1 Project Cost in Rs. Mn 28,390 33,770 Debt / Unsecured Loan Outstanding as on June 30, 2018 13,085 17,017
Slide 19: New Wins: Rs. 90 bn worth of Projects added
New Wins : Rs. 90 bn worth of Projects added Sr. Particulars Hapur Puducherry Poondiyankuppam Vadodara No. Moradabad Poondiyankuppam Sathanathapuram Kim Expressway 1. Name of the Project Four to Six Laning of Hapur Four laning of Puducherry to Four laning of Construction of Six lane Bypass to Morada
Slide 20: IRB's BOT Road Portfolio
IRB’s BOT Road Portfolio BOT / HAM Portfolio – Km & Lane Km BOT / HAM Portfolio – State wise % Rajasthan 23% Haryana 8% Karnataka 9% Uttar Pradesh 15% Gujarat Tamil Nadu 13% 4% Maharashtra 28% BOT / HAM Portfolio – State wise Lane Km Lane KM under development 5,401 Lane Kms Lanes KM operational 3,34
Slide 21: Strong EPC Order Book
Strong EPC Order Book Order book As on June 30, 2018 Amount Order Book* Composition in Rs. Mn Ongoing BOT Projects 59,431 BOT/HAM Projects - Construction yet to commence 81,610 Total 141,041 •Order Book as of a particular date consists of unbilled revenue from the uncompleted portions of our “existi
Slide 22: EPC Performance
EPC Performance Revenue & YoY Growth PAT and Return Ratios EBITDA & Margin Networth and D:E Ratio Figures for Q1-FY 2019 are not annualized. 22
Slide 23: Equity Commitment
Equity Commitment Amount in Rs Mn FY 2019 FY 2020 FY 2021 Name of the Project Estimated Estimated Estimated Agra Etawah 3,108 - - Udaipur - RJ Border 953 1,866 - Gulabpura - Chittorgarh 207 2,000 - Kishangarh - Gulabpura 767 1,957 - Hapur Moradabad 2,908 5,161 3,285 Puducherry Poondiankuppam 142 525
Slide 24: Growth Strategy
Growth Strategy Bharatmala Pariyojana: Strong growth envisaged till FY 2022 ~Rs 5tn of total investment for developing 34,800km of roads lined up over the next 4-5 years Of this Rs1.2tn would come from PPP, Rs 2tn from market borrowings and balance Rs ~2tn from Budgetary allocation/ToT/CRF/Toll
Slide 25: 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 26: Key Competitive Advantage
Key Competitive Advantage One of the largest BOT Project Portfolio in the Roads IRB InvIT : 17 BOT projects out and Highways perpetual of which 11 are Sector being tolled, opportunity to and balance are recycle capital and under various monetize assets phases of Key development Competitive Professio
Slide 27: Roadmap So Far
Roadmap So Far First ever Airport Project in Awarded 2 Nos. of Six Laning Launched India’s first Awarded of Six Laning Projects of NHAI on DBFOT Projects of NHAI on DBFOT ever listed Infrastructure Pattern in the state of Uttar Pradesh IRB’s portfolio Successfully raised Rs. Investment Tru
Slide 28: The IRB Group
The “IRB” Group IRB’s BOT Road Projects Sr. Length Company Road Name No. in Km 1 Aryan Toll Road Pvt. Ltd. Pune – Sholapur BOT 26.00 100% 2 ATR Infrastructure Pvt. Ltd. Pune – Nashik BOT NH 50 29.81 14 BOT Projects 3 Mhaiskar Infrastructure Pvt. Ltd. Mumbai – Pune BOT MPEW & NH4 206.00 Roads 100% 4
Slide 29: 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 Joint Managing Director Joint Managing Director Mr. Chandrashekhar S. Kaptan Mr. Sunil H. Talati Mr. Sandeep Shah Mr. Suni
Slide 30: Organization Structure
Organization Structure Statutory Auditors Mr. Rajkamal R. Bajaj Internal Auditors Suresh Surana & Associates LLP BSR & Company LLP Advisor to the Board Chartered Accountants Chartered Accountants Joint Statutory Auditors Bankers / Lenders of IRB Group Gokhale & Sathe Andhra Bank Canara Bank Chartere
Slide 31: Shareholding Pattern
Shareholding Pattern Shareholding Pattern as On June 30, 2018 Name Percentage (%) Promoter 57.20 Promoter Group 0.17 FII / EPI 20.06 DII 14.09 Others 8.48 Total 100.00 Shareholders holding more than 1% shares as on June 30, 2018 Name Percentage (%) Government of Singapore 4.64 Life Insurance Corpora
Slide 32: 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 33: Corporate Recognition
Corporate Recognition This award was won by the This award was won by IRB for being company for having the ideal companies to work for employee friendly policies, infrastructure sector in India acknowledging its business respect for dignity of operations, quality of its management, employees, open c
Slide 34: Our CSR Initiative
Our CSR Initiative We have replicated same model and have started a We also generously school in the Pathankot district of Punjab, near the contributed to the Amritsar- Pathankot BOT project. Chief Minister’s drought relief fund in Maharashtra. The School building was inaugurated on 27 March 2017.Th
Slide 35: Infrastructure Developers Ltd
INFRASTRUCTURE DEVELOPERS LTD