Il&fs Transportation Networks Limited · NSE:IL&FSTRANS
Il&fs Transportation Networks — Investor Presentation (November 2010)
22 slides from Il&fs Transportation Networks's investor presentation, Nov 15, 2010
Slide 1: IL&FS Transportation Networks Limited
IL&FS Transportation Networks Limited November 15 15, 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 Key Differentiators y Major Milestones y The Th ITNL Group G y Project Portfolio y Company Positioning y Highlights of FY10 y Project Pipeline y Financial Performance y Key Financial parameters of FY11 First Quarter y Board of Directors and Key Managerial P
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 Jammu & BoT projects in 14 States Kashmir ITNL has a pan India presence with projects in around 14 states Promoted by Infrastructu
Slide 5: Key Differentiators
Key Differentiators Market Leadership in the Transportation Infrastructure Sector • With around 12,000 lane km comprised in 22 projects in its road assets portfolio • Forays into other surface transportation sub‐sectors like metro, bus, border check‐post & airports Track Record of Successful Project
Slide 6: Major Milestones
Major Milestones Crossed the 12,000 lane km mark with 22 projects in its road portfolio Entered airports and border entry point sub-sectors 2011 Portfolio crossed the 10,000 lane km mark 2010 Public Issue Completed successfully 2009 PE Investment from Stanchart ITNL’s First NHAI BoT (Tol
Slide 7: ITNL Group
1 ITNL Group IL&FS Transportation Networks Limited As at Sep 30, 2010 83.61% GRICL 25.35% NTBCL Operating Subsidiaries 87.25%* NKEL 100.00%* WGEL 57.50% 100.00% 50.00%* RIDCOR 49 93% 49.93% TRDCL 100.00%* APEL IERS Elsamex SA 74.00%* CHDCL 74.00%* JARDCL 100.00% 48.00% JRPICL 74.00% EHEL 20 subsidia
Slide 8: Portfolio: Road Projects
Portfolio: Road Projects • Diverse BOT portfolio of 22(1) road projects covering ~12,000(1) lane km spread across various states of India • Fair mix of “Annuity / assured payments” and “Toll” based projects in various stages of development Almaty Horgos(1) Shillong Udhampur 500000 Narketpally Addank
Slide 9: Portfolio: Non Road Projects
Portfolio: Non Road Projects Metro Rail Project – awarded by Haryana Urban Development Authority (HUDA) Metro Metro link from Delhi metro Sikanderpur station to DLF Cyber City on NH-8 in Gurgaon Rail Project Cost of ~ ` 1100 cr with a concession period of 99 years - ITNL stake in the project ~54
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 ~12,000 12,000 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 ` ~82 billion bagged in FY10 Financially Closed projects of FY10 BOT Length Estimated Cost Length Debt tied‐up Project Authority Type (lane km) ( ` Million) Project (lane km) ( ` Million) Road Sector Ranchi to Hazaribagh 319 7,382 Ranchi to Hazaribagh NHAI Annuity 3
Slide 12: Project Pipeline for FY11
Project Pipeline for FY11 Project Authority Stake BOT Type Length (lane km) Estimated Cost (` Million) Projects Awarded after 31st March 2010 Chenani C e a to Nashri as in Ja Jammu u & Kashmir as NHAI 100% 00% Annuity u ty 38 39,842 39,8 Jorabat to Shillong in North East NHAI 50% Annuity 262 8,240 N
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 ` in Cr 70,000 Program Target in Km 60 000 60,000 NHDP‐III 50,000 385 NHDP‐V 40,000 1,786 30 0
Slide 14: Financial Parameters (Consolidated)
Financial Parameters (Consolidated) Revenue EBITDA(1) (` mn) (` mn) 30,000 10,000 25 000 25,000 8 000 8,000 20,000 8,785 13,320 24,873 6,000 15,000 4,000 2,900 10,000 16,952 2,489 5,588 5,000 1,981 4,375 2,000 960 0 0 2007 2008 2009 2010 H1 FY 11 2007 2008 2009 2010 H1 FY 11 PAT(2)(4) Average g Capi
Slide 15: Financial Parameters (Standalone)
Financial Parameters (Standalone) Revenue EBITDA(1) (` mn) (` mn) 10,000 8,000 8 000 8,000 9415 6,000 6,440 6,000 4,000 2499 2277 1358 1323 4,000 1649 6489 2,000 796 2,000 3101 0 0 2007 2008 2009 2010 H1 FY 11 2007 2008 2009 2010 H1 FY 11 PAT((2)) Average Capital Employed((3)) RoE (%) (` mn) (` mn)
Slide 16: Profit & Loss Accounts Highlights
Profit & Loss Accounts Highlights (All figures in ` million) Standalone Consolidated Key Parameters Q1‐FY11 Q2‐FY11 H1FY11 H1FY10 Change Q1‐FY11 Q2‐FY11 H1FY11 H1FY10 Change Revenue 2,535 3,954 6,489 3,262 99% 7,934 9,019 16,952 9,796 73% EBITDA 1,525 1,576 3,101 2,401 29% 2,787 2,802 5,588 3,582 56
Slide 17: In the Works…
In the Works… Capital Works remaining to be executed (ITNL proportionate share) (In ` million as on 31‐Oct‐10) Of projects awarded till last quarter* 114,000 Of projects awarded after Sep 30, 2010** 5,600 Of projects where we have emerged as L‐1 (not including Almatty to Horgos project)*** 15,000 To
Slide 18: Revenue Collection on Operational Road Projects
Revenue Collection on Operational Road Projects Not adjusted for ITNL stake (All figures in ` million) Toll Projects under Operation Average Daily Toll Collection I FY10 In I Q1 FY1 In I Q2 FY11 In Ahmedabad Mehsana Road (Gujarat) 1.17 1.21 1.31 Vadodra Halol Road (Gujarat) 0 86 0.86 0 92 0.92 0 97
Slide 19: Value for Shareholders
Value for Shareholders Have consistently created wealth for our shareholders…. Public Issue Bessemer ` 5012 Cr* ` 4184 Cr* ((Mar, 2010)) Stanchart (Oct, 2009) IL&FS Fund ` 2280 Cr* Goldman (Mar, 2008) Sachs ` 1624 Cr* Trinity (Mar, 2007) p Capital ` 1542 Cr* (Dec, 2006) * Post money valuation 18
Slide 20: 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 21: 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 22: 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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