Antony Waste Handling Cell Ltd. · NSE:AWHCL
Antony Waste Handling Cell — Q2 FY25 Earnings Presentation
43 slides from Antony Waste Handling Cell's earnings presentation, Nov 11, 2024
Slide 1: Cover letter to National Stock Exchange
CIN: L90001MH2001PLC130485West) - 400601Phone: 022 – 4213 0300 | Email: info@antonyasia.com | Website: www.antony-waste.com Ref.: AW/SEC/NSE/2024-25/54 Date: November 11, 2024 To, Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No.C-1, Block G, Bandra-Kurl
Slide 2: Q2FY25 Investor Presentation
Antony Waste Handing Cell Limited Q2FY25 Investor Presentation
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Antony Waste Handling Cell Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 4: Q2 & H1 FY25 Highlights
y ANTONY! WASTE Q2 & HIFY25 Highlights
Slide 5: Key Milestones – Q2FY25
Key Milestones – Q2FY25 Sale of 22 million+ Units ~30,500 mt Green Units Refuse Derived Fuel generated through PCMC WTE Plant Impressive PLF of 3,485 Tonnes ~71% ` Avoided tonnes of CO2e WTE plant in Pimpri achieved ~1.19 million+ 5,360+ Hours Tonnes Tonnes of Waste Hours of Training Managed* Provid
Slide 6: Operational Highlights – Q2 & H1 FY25
Operational Highlights – Q2 & H1 FY25 Q2 FY25 H1 FY25 Waste Managed (MMT ) ~1.19 ~2.37 3% YoY 1% YoY ` Refuse Derived Fuel ~30,500 ~64,500 Sold (Tonnes) 5% YoY 14% YoY Compost Sold (Tonnes) ~4,000 ~10,000 82% YoY 97% YoY 5 Sustainability with Growth ….
Slide 7: Quarterly Highlights
Quarterly Highlights Total Revenue (₹ in Cr) EBITDA (₹ in Cr) PAT (₹ in Cr) 56 55 52 32 233 50 49 30 230 46 28 227 227 44 222 223 39 23 34 21 218 16 16 15 210 12 205 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY23 FY23 FY23 FY24 FY24 FY24 FY24 FY25 FY25 FY23 FY2
Slide 8: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (₹ in Crs) Q2FY25 Q2FY24 Y-o-Y Q1FY25 Q-o-Q H1FY25 H1FY24 Y-o-Y Revenue from MSW C&T 140.9 152.4 -8% 136.4 3% 277.3 279.0 -1% Revenue from MSW Processing 59.1 48.4 22% 61.4 -4% 120.5 99.7 21% Total operating Revenue 200.0 200.8 0% 197.8 1% 397.9 3
Slide 9: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Assets (₹ in Crs) Sep-24 Mar-24 Equity & Liabilities (₹ in Crs) Sep-24 Mar-24 Non - Current Assets 1,082.5 1,059.2 Total Equity 754.8 718.4 Property Plant & Equipment 271.3 271.8 Share Capital 14.2 14.2 CWIP 49.2 31.2 Reserves & Surplus 588.9 559.5 Right-of-Use A
Slide 10: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (₹ in Crs) Sep-24 Sep-23 Net Profit Before Tax 44.6 73.0 Adjustments for: Non -Cash Items / Other Investment or Financial Items 49.0 19.6 Operating profit before working capital changes 93.6 92.6 Changes in working capital -13.8 11.1 Cash generated from O
Slide 11: About Us
\ oe About Us
Slide 12: Committed to Sustainability with Growth
Committed to Sustainability with Growth Market Leader 35+ Leading >2 decades Completed & On-going Player in SWM Industry operational excellence projects +23 Operates Largest 87 million+ Green Units (3) ~2,300 Municipal Corps & Single location waste Since inception of the Vehicle fleet(1) conglomerat
Slide 13: Our Journey
Our Journey 2000- 2002 2009- 2010 2015- 2018 2021- 2022 2021- 2022 Awarded 4 C&T projects by various Wins Kanjurmarg landfill Awarded a new C&T project for Inception of Antony Waste NMMC municipalities project Handling Cell Awarded a new Bio-mining First Project - Manual Sweeping Partn
Slide 14: End-to-end waste management capabilities…
End-to-end waste management capabilities… Construction & Door to door Transportation Segregation Management of Recycling Composting Waste to Energy collection Landfills Involves door to Strong C&T Segregation Manages largest Recyclables are Organic material is Handles ~1,000 TPD door collection of c
Slide 15: Revenue Contribution
Strategic Revenue Diversification • Door to door collection through primary collection vehicles Limited project & MSW C&T 62% • Transportation of waste to processing facility, transfer station or a landfill disposal site counter-party credit risk • Revenue calculation based on No. of trips/ Per tonn
Slide 16: De-Risked business model
De-Risked business model Factors de-risking the business model Number of Projects Revenue from Performance 24 C&T of MSW (₹ in Cr) 14 15 MSW Processing Staggered revenue stream 130 Contract & Others Projects diversified across 232 timelines 209 99 175 FY10 FY15 FY24 151 62 52 133 132 Operational de-
Slide 17: Our Strategy
Our Strategy Cluster based approach Rational Selection of WTE, Segregation and Bio for growth Projects For Expansion Mining • Traditionally we have followed cluster- • Experience, credentials & financial strength • WTE – Focus on waste to energy with based approach to bid for projects – makes us eli
Slide 18: One of the largest single location plant in Asia
One of the largest single location plant* in Asia We operate one of the largest single location waste Project Tenure Balance Tenure Currently handling waste per day processing plants in Asia 2010-2036 (26 years) ~13 Years ~5,800 Tonnes Customer • TPD of MSW: Capable of handling ~7,500 TPD • It is on
Slide 19: Maharashtra’s 1st Integrated Waste-to-Energy Project
Maharashtra’s 1st Integrated Waste-to-Energy Project Inaugurated on August 1, 2023 by Project Tenure Shri Narendra Modi, Hon’ble Prime Minister of 2019-2040 India Integrated Project Processing of 1,000 Tonnes Per Day of Pre-processing, Composting, Power Municipal Solid Waste generation and Landfill
Slide 20: Proven Expertise in Project Execution
Proven Expertise in Project Execution Collection and Waste Processing & Construction and Mechanised Sweeping Transportation Disposal Demolition Waste Greater Noida Jaypee International Sports Jhansi Greater Noida CIDCO Mumbai – Borivali & Dahisar 24 Nagpur Ongoing projects Nashik Nagpur Navi Mumbai
Slide 21: Access to Technology Backed Vehicles & Equipment
Access to Technology Backed Vehicles & Equipment Collection and Transportation Technological Intervention Key equipment vendors Small Tipper 1,436 Electric Vehicle 93 Compactor 446 Waste processing technology Key Processes ⮚ Aerobic process using material Dumper Placer Experienced JV Partner for the
Slide 22: Promoters & Board of Directors
Promoters & Board of Directors Jose Jacob Kallarakal Ajit Kumar Jain Chairman & Managing Director Independent Director • >20 years' experience in waste management • Director of Environment Research Foundation • Majorly responsible for the business development • Holds Master’s degree in chemistry, Ag
Slide 23: Credit Rating
Credit Rating Amount Company Name Agency Rating Instrument (in Lakh) Detailed Rationale Working Capital CARE BBB+; Stable 1,650 Antony Waste Limits CARE Rating • Ratings of Antony Lara Enviro Solutions Private Limited (ALESPL), material subsidiary of Handling Cell CARE A3+ 1,900 Bank Guarantee the C
Slide 24: Group structure
Group structure Lara Central De JV Partner Tratamento De Residuos LTDA, Brazil 27% 100% 100% 73% Kerzellion Facility Management Services Pvt. Ltd. 51% 49% ` 98% 2% Collection and Integrated waste transportation of waste Providing Waste Management facility Management Solutions Mechanical power to cor
Slide 25: All India Ranking as per Swachh Bharat Survey – 2023
All India Ranking as per Swachh Bharat Survey – 2023 Leading Player in Indian Municipal Solid Waste management Industry Ranking 3rd 14th 7th 13th 1st Navi Mumbai NOIDA New Delhi Pimpri Chinchwad Varanasi Category >1 Lakh >1 Lakh >1 Lakh >1 Lakh Cleanest Ganga Population Population Population Populat
Slide 26: Industry Dynamics
Industry Dynamics India’s Waste Management Industry has enormous growth potential On average India practices higher open dumping vs global average Waste Management Industry (FY22) Compost Recycled Global Indian 10% 5% Compost ₹ ₹ W2E 13% 18% 35,500 45 bn bn Size of Domestic Waste Landfill Size of Gl
Slide 27: Emerging areas of growth
Emerging areas of growth Biomethanation Population Waste Qty Approx. Capex Treatment option Products (‘000) (TPD) (₹ in lakhs/TPD) o Anaerobic fermentation of bio-degradable waste in an enclosed space - generates methane rich bio-gas fuel and sludge, used for making compost o Like composting, biomet
Slide 28: An ESG Centric Business
An ESG Centric Business 27 Sustainability with Growth ….
Slide 29: Sustainable Synergy: Our Commitment to Environmental Stewardship
Sustainable Synergy : Our Commitment to Environmental Stewardship 1 2 3 4 5 6 7 At Kanjur, we Greenhouse Specialised Company and 64 Mn+ of Leachate Air Emissions make Refuse gases Fleet comply two of its Green Units treatment are within Derived Fuel captured from with latest material generated proce
Slide 30: People-First Principles: Fostering Social Growth and Inclusion
People-First Principles : Fostering Social Growth and Inclusion 1 2 3 4 5 6 7 Implementation POSH policy is >80% of our sites All our Responsible & CSR initiatives All sites adhere to of Regular implemented are having employees and Ethical Suppliers focused on best practices in Training on with 100%
Slide 31: Integrity in Leadership: Governing with Transparency and Accountability
Integrity in Leadership: Governing with Transparency and Accountability 1 2 3 4 5 6 Diverse 6- Audit, CSR, Vigil Mechanism/ Code of Conduct The Anti- There are no member Board, Nomination & Whistleblower for Board of Corruption and unresolved led by the Remuneration, Policy to facilitate Directors a
Slide 32: ESG Performance at Glance
ESG Performance at Glance Scope 1 Emission Scope 2 Emission Emissions Avoided •12,808 (tCO2e) •1,692 (tCO2e) •6,838 (tCO2e) Human Resource Gender Diversity Attrition Rate •Staff – 1,125 •Staff - 4.98% •Staff – 3.66% •Swachhta Warrior – 9,127 •Swachhta Warrior – 2.24% •Swachhta Warrior – 3.79% Traini
Slide 33: Historical Financial Highlights
Historical Financial Highlights
Slide 34: Consolidated Financial Highlights
Consolidated Financial Highlights PBT before exceptional item Revenue (₹ in Cr) EBITDA (₹ in Cr) & EBITDA Margin (%) (₹ in Cr) & PBT Margin (%) 896 877 30.0% 18.3% 22.5% 16.9% 27.1% 130 25.0% 12.2% 19.2% 14.7% 11.7% 113 232 167 202 667 140 168 85 102 130 109 209 71 99 175 481 465 151 52 62 FY20 FY21
Slide 35: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (₹ in Crs) FY24 FY23 FY22 FY21 FY20 Revenue from MSW C&T 557.5 468.4 417.2 297.3 269.0 Revenue from MSW Processing 208.6 174.5 150.8 131.9 133.2 Total operating Revenue 766.1 643.0 568.0 429.2 402.2 Contract & Others 130.4 232.2 98.7 51.5 62.4 Tot
Slide 36: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Assets (₹ in Crs) Mar-24 Mar-23 Mar-22 Mar-21 Mar-20 Equity & Liabilities (₹ in Crs) Mar-24 Mar-23 Mar-22 Mar-21 Mar-20 Non - Current Assets 1,059.2 893.0 618.5 481.2 475.8 Total Equity 718.4 616.8 532.7 442.6 299.9 Property Plant & Equipment 271.8 190.3 114.4 12
Slide 37: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (₹ in Crs) Mar-24 Sep-23 Mar-23 Mar-22 Mar-21 Mar-20 Net Profit Before Tax 109.1 73.0 102.3 102.3 70.6 82.0 Adjustments for: Non -Cash Items / Other Investment or Financial Items 69.9 19.6 64.2 51.6 48.6 54.2 Operating profit before working capital change
Slide 38: Annexures
Annexures
Slide 39: Quality Cum Cost Based Bidding Process
Quality Cum Cost Based Bidding Process ▪ Project area analysis ▪ Compliance with various covenants for project closure ▪ Feasibility study - Project report ▪ For projects on operation and maintenance basis, entire ▪ Key Execution & Admin. risks vehicle fleet is required to be returned to municipalit
Slide 40: Our Infrastructure at Kanjurmarg
Our Infrastructure at Kanjurmarg Material Recovery Facility Bio-reactor Landfill ` Gas Collection Composting 39 Sustainability with Growth ….
Slide 41: Our Infrastructure at PCMC Waste to Energy Plant
Our Infrastructure at PCMC Waste to Energy Plant Step 1 Step 2 Step 3 ` Step 4 Step 5 Step 6 40 Sustainability with Growth ….
Slide 42: Abbreviations
Abbreviations ▪ ALESPL: Antony Lara Enviro Solutions Private Limited ▪ SWM: Solid Waste Management ▪ AWHCL: Antony Waste Handling Cell Limited ▪ TMC: The Thane Municipal Corporation ▪ BN : Billion ▪ TPD: Ton / Day ▪ BLF: Bio-Reactor Landfill ▪ UMC: The Ulhasnagar Municipal Corporation ▪ C&T: Collect
Slide 43: Thank You !
Company: CIN: L90001MH2001PLC130485 Mr. Subramanian NG E: Investor.relations@antonywaste.in` www.antony-waste.com Investor Relations Advisor: CIN: U74140MH2010PTC204285 Mr. Jigar Kavaiya / Mr. Pratik Shah E: jigar.kavaiya@sgapl.net / p.s.shah@sgapl.net Thank You ! T: +91 9920602034 / +91 9870030585
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