Il&fs Transportation Networks Limited · NSE:IL&FSTRANS
Il&fs Transportation Networks — Investor Presentation (August 2010)
21 slides from Il&fs Transportation Networks's investor presentation, Aug 4, 2010
Slide 1: IL&FS Transportation Networks Limited
IL&FS Transportation Networks Limited August 4 4, 2010
Slide 2: Disclaimer
Disclaimer This presentation has been prepared solely by IL&FS Transportation Networks Limited (“ITNL”) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or s
Slide 3: In this presentation…
In this presentation… y Company Overview y Major Milestones y The ITNL Group y Road Asset Portfolio y Projects P j t in i other th TTransportation t ti SSub‐sectors b t y Company Positioning y Performance in FY10 and FY11 (till date) y Key Financial parameters of FY11 First Quarter y Board of Direct
Slide 4: An Introduction
An Introduction IL&FS Transportation Networks Limited (ITNL) has the largest BoT PAN India presence with road asset portfolio (in terms of lane kilometer) in India with Jammu & BoT projects in 12 States Kashmir presence in a majority of the States ITNL is i promoted t d by b Infrastructure I f t
Slide 5: Key Differentiators
Key Differentiators Market Leadership in the Transportation Infrastructure Sector • With around 11,800 lane km comprised in 21 projects in its road assets portfolio • Forays into other surface transportation sub‐sectors like metro & bus transportation Track Record of Successful Project Implementatio
Slide 6: Major Milestones
Major Milestones Portfolio crossed the 10,000 lane km mark Public Issue Completed successfully Equity Infusion through induction of Stanchart With RIDCOR & WGEL commissioning, reached ~3,500 operating lane km 2010 2009 ITNL’s First NHAI BoT (Toll) Project - WGEL Signed concession for a 1
Slide 7: ITNL Group
1 ITNL Group IL&FS Transportation Networks Limited As at March 31, 2010 83.61% GRICL 25.35% Operating Subsidiaries NTBCL 87.25%* NKEL 70.00% 100.00% 100.00%* WGEL 50.00%* RIDCOR IERS Elsamex SA 49.93% TRDCL 00 00% 100.00%* APEL Vs ROAD SPV 74.00%* CHDCL 48.00% 74.00%* JARDCL 20 subsidiaries R 100 00
Slide 8: Portfolio: Road Projects
Portfolio: Road Projects • Diverse BOT portfolio of 21(1) road projects covering ~12,000(1) lane km spread across various states of India • Fair mix of “Annuity / assured payments” (ca. 48%) and “Toll” based (ca. 52%) projects at various stages of development Almaty Shillong Horgos(1) 14000 Jorbat 4
Slide 9: Portfolio Urban Infrastructure & Strategy
Portfolio Urban Infrastructure & Strategy Metro Rail Project – awarded by Haryana Urban Development Authority (HUDA) Metro link from Delhi metro Sikanderpur station to DLF Cyber City on NH-8 in Gurgaon Metro P j t Cost Project C t off ~Rs. R 1100 cr with ith a concession i period i d off 99 year
Slide 10: ITNL Positioning
ITNL Positioning A. Roads B. Urban Transportation We are India’s largest private sector BOT Bid Rapid MetroRail Gurgaon Limited (Jointly Sector Leverage road operator with ~11,800 11,800 lane km in developed p byy a Consortium – ITNL,, ITNL K Knowledge l dg t k record track d our BoT road asset port
Slide 11: Highlights of FY10
Highlights of FY10 Projects worth INR ~82 billion bagged in FY10 Projects Achieving Financial Closure in FY10 BOT Length Estimated Cost Length Estimated Cost Project Authority Type (lane km) (Rs Million) Project (lane km) (Rs Million) Road Sector Ranchi to Hazaribagh 319 8,692 Ranchi to Hazaribagh N
Slide 12: Project Pipeline for FY11
Project Pipeline for FY11 Project Authority BOT Type Length (lane km) Estimated Cost (Rs Million) Projects Awarded after 31st March 2010 Chennani to Nashri in Jammu and Kashmir NHAI Annuity 38 37 400 37,400 Jorbat to Shillong in North East NHAI Annuity 262 8,100 Narkattpally to Addanki in Andhra Pra
Slide 13: Road Sector Opportunity
Road Sector Opportunity Government plans to Award USD 50 billion of Road Projects in FY11 – Private Sector to fund ~70% Estimated Capital Expenditure under NHDP Phases NHAI Construction Targets for 2010-11 Rs in Cr 70,000 Program Target in Km 60 000 60,000 NHDP‐III 50,000 385 NHDP‐V 40,000 1,786 30
Slide 14: Financial Parameters (Consolidated)
Financial Parameters (Consolidated) Revenue EBITDA(1) (INR mn) (INR mn) 8,000 11,500 24,873 25,000 20,000 9 000 9,000 000 6,000 6 15,000 13,320 8,785 4,000 2,900 10,000 2,489 4,375 2,000 960 2787 5,000 1,981 8073 0 0 2007 2008 2009 2010 2011-Q1 2007 2008 2009 2010 2011-Q1 PAT(2)(4) Average Capital E
Slide 15: Financial Parameters (Standalone)
Financial Parameters (Standalone) Revenue EBITDA(1) (INR mn) (INR mn) 3,000 6,500 10,500 6,440 4,500 2 250 2,250 9415 1,500 1358 1323 3,000 2499 2277 796 1649 750 1525 1,500 2535 0 0 2007 2008 2009 2010 2011-Q1 2007 2008 2009 2010 2011-Q1 PAT(2) Average Capital Employed(3) RoE (%) (INR mn) (INR mn)
Slide 16: Profit & Loss Accounts Highlights
Profit & Loss Accounts Highlights (All figures in INR million) Standalone Consolidated Q1 Q1 Key Parameters Q1‐FY11 Annualised FY10 Change Q1‐FY11 Annualised FY10 Change Revenue 2,535 , 10,140 , 9,415 , 108% % 8,073 , 32,292 , 24,873 , 130% % EBIDTA 1,525 6,100 6,439 95% 2,787 11,148 8,786 127% EBID
Slide 17: Revenue Collection on Operational Road Projects
Revenue Collection on Operational Road Projects (All figures in INR million) Toll Projects under Operation Average Daily Revenue Average Daily Revenue in FY10 in Q1 of FY11 Ahmedabad Mehsana Road 1.17 1.21 Vadodra Halol Road 0.86 0.92 Noida Toll Bridge 1.94 1.93 g Highways Mega g – Rajasthan (Ph-I)
Slide 18: Value for Shareholders
Value for Shareholders Have consistently created wealth for our shareholders…. Public Issue Bessemer INR 5012 Cr* INR 4184 Cr* (Mar, 2010) Stanchart (Oct, 2009) IL&FS Fund INR 2280 Cr* (Mar, 2008) Goldman Sachs INR 1624 Cr* Trinity (Mar, 2007) p Capital INR 1542 Cr* (Dec, 2006) * Post money valuatio
Slide 19: Experienced Board of Directors
Experienced Board of Directors Independent Directors Non‐Independent Directors N Name Designation i i Name D i ti Designation Mr Deepak Dasgupta Chairman; Former Chairman NHAI Mr Ravi Parthasarthy Chairman, IL&FS Mr RC Sinha Vice Chairman & MD, Maharashtra Mr Hari Sankaran Managing Director, IL&FS A
Slide 20: Key Managerial Personnel
Key Managerial Personnel K. Ramchand • He has over 30 years of experience in urban and transport infrastructure development sector Managing Director Mukund Sapre • He has over 27 years of experience in the industry. Executive Director Harish Mathur • Has over 33 years of experience in various road c
Slide 21: Thank You
Thank You IL&FS Transportation Networks Limited The IL&FS Financial Centre C-22, G Block, Bandra Kurla Complex Bandra (East), Mumbai – 400 051 Board: +91 22 2653 3333 Fax: +91 22 2652 3979 Email: itnlinvestor@ilfsindia.com
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