Welspun Enterprises Ltd. · NSE:WELENT
Welspun Enterprises — Investor Day (November 2024)
31 slides from Welspun Enterprises's investor day presentation, Nov 12, 2024
Slide 1: Filing cover letter to stock exchanges
WEL/SEC/2024 November 12, 2024 To BSE Limited National Stock Exchange of India Limited 1st Floor, Rotunda Bldg, Exchange Plaza, C-1, Block-G, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai - 400 001. Mumbai - 400 051. Scrip Code: 532553 NSE Symbol: WELENT Dear Madam / Sir, Subject:
Slide 2: Welspun Enterprises Ltd. (WEL) Investor Day
WELSPUN ENTERPRISES LTD. (WEL) INVESTOR DAY November 12 , 2024
Slide 3: Inside this Presentation
Inside this Presentation WEL Journey Thus Far 03 In the Present 12 The Road Ahead 16 02 Industrial Water Treatment Plant, Dewas, Madhya Pradesh
Slide 4: WEL
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Slide 5: About WEL
ABOUT WEL Welspun Enterprises Ltd. WEL along with its The Company also has (WEL) is part of USD 4 Bn. subsidiary Welspun investments in Oil & Gas Welspun World, focusing on Michigan Engineers has a Exploration, through a joint infrastructure development. proven track record with venture with Adani t
Slide 6: Strategy of WEL in 2013-14
STRATEGY OF WEL IN 2013-14 Revival in Road sector Creation of cash pool by exiting through Hybrid Annuity Model non-core business (HAM) projects Ensuring lean Balance Sheet, through adoption of “Asset Light” model by: Diversified at an early stage into Water Sector ● Outsourcing construction ● Monet
Slide 7: Key Milestones – Financial Discipline
Key Milestones – Financial Discipline • Divestment of Dewas Bhopal • Divestment of Road Road project - INR 325 Cr portfolio of INR 9,000 Cr • Divestment of (DRI) steel plant – INR 1,100 Cr • Buyback - INR 270 Cr 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 • Demerger of Infra and O&G
Slide 8: Key Milestones – Journey of Water Vertical
Key Milestones – Journey of Water Vertical • Dharavi Waste Water • Start of 80 MGD Treatment Project –valued transmission water • Restructured Dewas at INR 4,139 Cr project for Greater Industrial Water Supply Project under Swiss • Water Treatment – Bhandup Mohali Challenge • Completed 80 MGD WTP, va
Slide 9: Key Milestones – Journey of Transportation Vertical
Key Milestones – Journey of Transportation Vertical • Completion of India’s first • HAM project - Delhi- • Divestment of Road • Divestment of Dewas Bhopal Meerut Expressway portfolio of INR 9,000 Cr Road project - INR 325 Cr • Received Gold Award for • Acquisition of 2 HAM projects - INR 1,800 Cr Ex
Slide 10: Historical Consolidated Financial Highlights 1/2
Historical Consolidated Financial Highlights 1/2 ₹ (Cr.) Particulars FY-22 FY-23 FY-24 Revenue 1,401 2,758 2,872 Operating EBITDA 149 248 425 Other Income 174 143 191 Exceptional income - 483 - Finance Cost 140 119 110 Depreciation 16 13 28 Tax 41 57 130 Share in loss/(profit) of associate/JVs (1) 1
Slide 11: Historical Consolidated Financial Highlights 2/2
Historical Consolidated Financial Highlights 2/2 ₹ (Cr.) Particulars FY-22 FY-23 FY-24 Gross Debt 2,515 754 752 Cash & Cash Equivalent 470 1,919 982 Net Debt 2,045 (1,165) (229) Net Worth 1,794 2,362 2,490 Long Term Investments 701 258 283 Payback to Investors 22 149 331 Value Creation at its Core •
Slide 12: WEL In Charts
WEL In Charts WEL has returned CAGR of 63%, against Nifty Small Cap 250 return of 46% 20% 19% 17% 13% ROE & ROCE computed by apportioning exceptional gains in FY23, over FY20-23 11
Slide 13: Awards, Accreditation & Accolades
Awards, Accreditation & Accolades Letter of appreciation by ASSOCHAM Unique Project of Honourable Prime Minister of the Year Award presented by “Gold award” in Excellence in Project Management under PPP India Shri Narendra Modi Shri Nitin Gadkari mode from MoRTH 5th CIDC Vishwakarma Awards - Constru
Slide 14: In The Present
WEL In The Present 02 13
Slide 15: WEL – Where We Are Today
WEL – Where We Are Today 2400+ MLD Water & Waste Project-specific tie-ups Water Treatment Under with Global leaders Development Veolia, Xylem ~1,000 km of Roads “Asset Light” Model Constructed demonstrated ~575 km of Toll Roads INR 9,000 Cr Road ~60 km of specialized Portfolio Divested Tunneling ~IN
Slide 16: Independent & Experienced Board
Independent & Experienced Board Balkrishan Goenka Rajesh Mandawewala Sandeep Garg Executive Chairman Non-Executive Director Managing Director S Madhavan Raghav Chandra Dr. Aruna Sharma Dr. Anoop Kumar Mittal Lead Independent Director Independent Director Independent Director Independent Director (Ex
Slide 17: Board Committees
Board Committees Audit Committee • 3 Members - all Independent Directors Nomination & Remuneration Committee • 3 Members - all Independent Directors Stakeholders’ Relationship, Share Transfer & Investors’ Grievance • 3 Members - all Independent Directors Risk Management • 3 Independent Directors & M
Slide 18: Experienced Management
Experienced Management Sandeep Garg Abhishek Chaudhary Saurin Patel Managing Director Chief Executive Officer Managing Director, WMEL Asim Chakraborty Yogen Lal Lalit Jain Lekha Raghavan CEO (Transportation) CEO (Water) Chief Financial Officer Head - HR 17
Slide 19: Acquisition of Welspun Michigan (WMEL)
Acquisition of Welspun Michigan (WMEL) Acquired majority stake in WMEL to grow water business and enter tunnelling segment. Leading to: • Ability to execute projects ranging from micro tunneling to medium diameter tunnels. • Strong in-house engineering, fabrication and assembling capabilities. 18
Slide 20: Strong Platform for Future Growth
Strong Platform for Future Growth Robust portfolio of Water, Road, Current Consolidated ₹ 15,200 Cr.* Tunnelling & WMEL Order Book (excluding GST) Segment Break-up WEL Portfolio (in ₹ Cr.) Current Order Book provides strong revenue growth visibility * Consolidated order book as on Sep 30, 2024 inclu
Slide 21: Diversified Infrastructure Portfolio At a Glance
Diversified Infrastructure Portfolio At a Glance Project Names Contract Type Status Dewas Water BOT Operational Water/ UP State Water and Sanitation Mission EPC Under Execution Wastewater Treatment Bhandup Water Treatment Complex (Mumbai) EPC Under Execution Dharavi Wastewater Treatment Facility (Mu
Slide 22: The Road Ahead
WEL The Road Ahead 03 21
Slide 23: Strategy Going Forward – Water
Strategy Going Forward… Water - To be a technology-led solution provider for all needs • Treatment solutions for Industrial / Domestic / Municipal ○ Large Volume Plants: Create platform with global technology partners such as Veolia & Xylem for a sustainable Moat. ○ Distributed Plants: Driven by Sma
Slide 24: Strategy Going Forward – Transportation
Strategy Going Forward… Transportation – Pursue opportunities under asset light model ● BOT (Toll) ● Tunnel – Strategic technology collaborations for Roads/Railways/ Metro 23
Slide 25: Welspun Enterprises - Diversified Infrastructure Builder
Welspun Enterprises - Diversified Infrastructure Builder ₹ 6.6 tn opportunity across verticals TRANSMISSION TREATMENT DISTRIBUTION ROADS TUNNELLING -Lift Irrigation -WTP/WwTF -Industrial/ Public Private Large Diameter -River Linking –Wastewater Urban Water Partnership Tunnels Distribution -Water Gri
Slide 26: Water Opportunity – Targeted for Growth
Water Opportunity – Targeted for Growth ₹ 3.6 tn across focus segments • India’s water challenge is to cater to ~18% of world population with ~4% of world’s fresh water resources • Share of unirrigated area out of net cropped area in India is ~45% (Niti Aayog) TRANSMISSION TREATMENT DISTRIBUTION • I
Slide 27: SmartOps – Technology-Led Decentralized Solution for Water Treatment
“SmartOps” – Technology-Led Decentralized Solution for Water Treatment Wastewater Generation & Treatment Capacity Welspun SmartOps – Unique proprietary GAP at City level in India (2023) Bioengineered Solution S.A.B.R.E* Low Land Footprint – Up to 1/5th Low Low on Deployment Capex & Time – Up to Opex
Slide 28: Transportation Opportunities – Targeted for Growth
Transportation Opportunities – Targeted for Growth ₹ 3.0 tn Across Focus Segments • India’s length of NH increased to 146,000+ kms (by 2023) • Additional 50,000+ kms to be added ROADS TUNNELLING • PPP is going to be one of the way to ensure above development Public Private Large Diameter Partnership
Slide 29: Strategy - Oil & Gas
Strategy - Oil & Gas • Adani Welspun Exploration Ltd (AWEL), a 65:35 JV between Adani Group & WEL, is the key investment vehicle, with 2 blocks in development • MB-OSN-2005/2 “Mumbai Block” (100% stake) – Field Development Plan (FDP) is awaiting DGH clearance • B9 Cluster (100% stake) - FDP is in pl
Slide 30: WEL – On Track for…
WEL – On Track for… WHAT • Current Consolidated Order Book of INR 15,200 Cr. • Target Consolidated Order Book of INR 37,000 – 40,000 Cr. INR 10,000 Crore Revenue WHERE • Water Solutions across scales, incl. SmartOps • Tunnels - Transport & Utilities • BOT (Toll) Projects in Roads EBITDA Margin HOW •
Slide 31: Thank You
Thank You For further details please contact investorrelations_WEL@welspun.com/Siddharth_Bharadwaj@welspun.com Mr. Siddharth Bharadwaj, Lead - Investor Relations Mr Salil Bawa, Head – Group Investor Relations CORPORATE OFFICE WELSPUN ENTERPRISES LIMITED CIN: L45201GJ1994PLC023920 C/8, BKT House, Tra