Il&fs Transportation Networks Limited · NSE:IL&FSTRANS
Il&fs Transportation Networks — Q2 FY17 Earnings Presentation
33 slides from Il&fs Transportation Networks's earnings presentation, Dec 2, 2016
Slide 1: IL&FS Transportation Networks Limited Analyst Presentation – December 2016
IL&FS Transportation Networks Limited Analyst Presentation – December 2016 December 02, 2016 CIN - L45203MH2000PLC129790
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… — Company Overview — BOT Toll Revenue Growth — Key Updates — IL&FS – Strong Parentage — Key Competitive Strengths — Board of Directors — Portfolio – Road Projects — Road Projects — Portfolio – Metro Rail & Border Check Post — Glossary — Road Sector Opportunity — Project Pipelin
Slide 4: Company Overview
Company Overview § IL&FS Transportation Networks Limited (ITNL) is a leading surface transportation infrastructure company and the largest private sector BoT road Jammu & Kashmir operator (in terms of lane kilometer) in India* § ITNL has a pan India presence with projects in several states in India
Slide 5: Key Updates
Key Updates BUSINESS § Received Appointed Date for Amravati Chikli Expressway Limited and Fagne Songadh Expressway Limited as on November 9, 2016. We expect both these projects to be commissioned by May 2019 § Our Order Book currently stands at ₹ 13,524 crores with an Incremental Equity Requirement
Slide 6: Key Competitive Strengths
Key Competitive Strengths Market Leadership in the surface transportation infrastructure sector backed by expansion into new sub sectors • With around 14,699 lane kms spread over 31 projects in our road assets portfolio • Operational portfolio of 10,582lane kms of highways from 22 projects • Forays
Slide 7: Portfolio: Road Projects
Portfolio: Road Projects • Diverse BOT portfolio of 31 road projects covering 14,699 lane km spread across several states in India Kiratpur Ner • Diverse mix of “Annuity / assured payments” and “Toll” based projects in various stages of development Chowk FGEL@@ GRBDC@ Barwa Adda (ROB) Chenani ACEL@@
Slide 8: Portfolio: Metro Rail & Border Check Post
Portfolio: Metro Rail & Border Check Post Gurgaon MetroRail Link: n Awarded by Haryana Urban Development Authority (HUDA) through Concession Agreement dated December 09, 2009 n Metro link from Delhi metro Sikanderpur station to NH-8 in Gurgaon – around 4.9 km n Concession period of 99 years n Starte
Slide 9: Road Sector Opportunity
Road Sector Opportunity ~8,893 km of awards pending under NHDP – to be substantially executed under PPP • India’s road network increased to 4.2 million km from 3.3 Program To be awarded (in Km) million km NHDP-III 1,679 • Only 25% of National Highways are four/six/eight lane • Infrastructure investm
Slide 10: Project Pipeline
Project Pipeline As on November 28, 2016 BID PIPELINE RFP Stage (Post Qualification) RFQ Stage (Pre Qualification) Projects Length (km) Cost (INR Cr) Projects Length (km) Cost (INR Cr) NHAI 22 1706 26412 2 233 9100 State 3 322 4512 MSRDC 2 37 8866# Total 25 2028 30,924 4 270 17,966 # Versova Bandra
Slide 11: Order Book: Composition & Spread
Order Book: Composition & Spread Order book – Project Type Order book – Geographic Spread Jammu & Kashmir 26.09% 5% Road- Annuity 31% Himachal Haryana Pradesh 2.90% 10.41% Road- Toll Meghalaya 0.33% 65% Rajasthan 7.68% Non Road Gujarat 1.81% Order book – Sourcing Jharkhand & W.Bengal Madhya Pradesh
Slide 12: Profit & Loss Accounts Highlights
Profit & Loss Accounts Highlights (All figures in INR Crore) Standalone Key Parameters Quarter Quarter Quarter Qoq Yoy ended Sept ended June ended Sept % Change % Change 30, 2016 30, 2016 30, 2015 Revenue 703 937 1058 -25% -34% Other Operating Income 275 272 223 1% 23% EBITDA * 448 374 462 20% -3% E
Slide 13: Standalone Revenue & Expenses
Standalone Revenue & Expenses Revenue Expenses (in INR Crore) (in INR Crore) 1,600 1,600 1,400 1,400 1,200 272 1,200 43 223 1,000 220 1,000 36 41 112 800 275 800 42 37 600 600 400 866 884 400 794 649 683 585 200 200 - - Quarter Ended Sept 2015 Quarter Ended June 2016 Quarter Ended Sept 2016 Quarter
Slide 14: Revenue Collection on Operational Road Projects
Revenue Collection on Operational Road Projects Average Daily TollNot Collection adjusted for ITNL’s stake (All figures in INR Cr) Toll Projects under Operation In Q2 FY 17 In Q1 FY 17 In Q4 FY 16 In Q3 FY 16 In Q2 FY 16 Ahmedabad Mehsana Road (Gujarat) 0.24 0.27 0.26 0.23 0.23 Vadodra Halol Road (G
Slide 15: BOT Toll Revenue Growth
BOT Toll Revenue Growth (INR in Crore) Toll Revenue Sr.No Name of the Project 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 start date Ahmedabad Mehsana Road 1 Feb-03 (Gujarat) 75 85 104 107 108 120 129 2 Vadodra Halol Road (Gujarat) Oct-00 3 Noida Toll Bridge (UP) Feb-01 71 70 77 89 99 10
Slide 16: IL&FS - Strong Parentage
IL&FS - Strong Parentage IL&FS Overview § Incorporated in 1987 as a JV between the Central Bank of India (CBI), Our Parent Shareholding IL&FS Shareholding Housing Development Finance Corporation Limited (HDFC) and Unit Trust of India (UTI) to commercialize infrastructure projects and work with publi
Slide 17: Experienced Board of Directors
Experienced Board of Directors Independent Directors Non-Independent Directors Name Designation / Background Name Designation Mr Deepak Mr Ravi Chairman; Former Chairman, NHAI Chairman, IL&FS Dasgupta Parthasarthy Mr Hari Sankaran Vice Chairman and MD, IL&FS Mr RC Sinha Former Vice Chairman & MD, Ma
Slide 18: Key Managerial Personnel
Key Managerial Personnel K. Ramchand • He has over 32 years of experience in urban and transport infrastructure development sector Managing Director Mukund Sapre • He has over 28 years of experience in the industry Executive Director Harish Mathur Technical Director • Has over 33 years of experience
Slide 19: Road Projects
Road Projects
Slide 20: Projects Under Operation
Projects Under Operation North Karnataka West Gujarat Expressway Vadodara Halol Toll Road Ahmedabad - Mehsana Name of Project Noida Toll Bridge (NTBCL) Expressway Limited (NKEL) Limited (WGEL) (GRICL) Road (GRICL) Authority NHAI NHAI NOIDA Govt. of Gujarat Govt. of Gujarat State Karnataka Gujarat De
Slide 21: Projects Under Operation
Projects Under Operation Andhra Pradesh Expressway Thiruvananthapuram City Roads Narketpally - Addanki (NAMEL) Mega Highways Project Rajasthan Name of Project (APEL) (Phase I & II) (TRDCL) (RIDCOR) Phase I & II Authority NHAI KRFB Govt. of Andhra Pradesh Govt. of Rajasthan State Andhra Pradesh Keral
Slide 22: Projects Under Operation
Projects Under Operation Pune Sholapur Road East Hyderabad Jharkhand Accelerated Road Development Hazaribagh Ranchi Name of Project Development Company Expressway Ltd (EHEL) Programme (JRPICL) Expressway Limited (HREL) Limited (PSRDCL) Authority HUDA GOJ NHAI NHAI State Andhra Pradesh Jharkhand Jhar
Slide 23: Projects Under Operation
Projects Under Operation Name of Project Beawar Gomti Road (IRIDCL) Moradabad to Bareilly (MBEL) Chandrapur Warora (WCBTRL) Sikar Bikaner Authority Department of Road NHAI PWD, Maharashtra PWD, Rajasthan Transportation and Highways, GOI State Rajasthan Uttar Pradesh Maharashtra Rajasthan Concession
Slide 24: Projects Under Operation
Projects Under Operation Thiruvananthapuram City Roads Jorabat Shillong Mega Highways Project, Name of Project Baleshwar Kharagpur Road (BKEL) (Phase II & III) (TRDCL) (JSEL) Rajasthan (RIDCOR) III Authority NHAI NHAI Govt. of Rajasthan KRFB State Assam & Meghalaya West Bengal & Orissa Rajasthan Ker
Slide 25: Status – Project under Construction
Status – Project under Construction Indicates Physical Progress 22
Slide 26: Project Under Construction
Project Under Construction Name of Project Beawer Gomti (Additional) Chennani - Nashri (CNTL) Authority MoRTH NHAI State Rajasthan Jammu & Kashmir BOT Type Toll Annuity Project (Lane Km) 216 38 Project Cost (Rs Cr) 1387 3720 Debt Outstanding as at Sept 30, 2016 (Rs. Cr) (Long Included in IRIDCL loan
Slide 27: Project Under Construction
Project Under Construction Name of Project Kiratpur Ner Chowk (KNEL) Barwa Adda Panagarh Khed Sinnar Authority NHAI NHAI NHAI State Himachal Pradesh Jharkhand & Maharashtra West Bengal BOT Type Toll Toll Toll Project (Lane Km) 327 727 557 Project Cost (Rs Cr) 2291 2452 2015 Debt Outstanding as at Se
Slide 28: Project Under Construction
Project Under Construction Name of Project Srinagar Sonmarg Tunnelway Limited Fagne – Gujarat / Maharashtra Border Amravati – Chikhli Authority BRO NHAI NHAI State Jammu & Kashmir Maharashtra Maharashtra BOT Type Annuity Toll Toll Project (Lane Km) 34 698 970 Project Cost (Rs Cr) 3289 1886 2288 Debt
Slide 29: Project Development
Project Development Name of Project .GRICL Rail Bridge Development Company Ltd. (GRBDCL) RRR Section 2 Authority Government of Gujarat GoJ State Gujarat Jharkhand BOT Type Annuity Annuity Project (Lane Km) 34 160 Project Cost (Rs Cr) 251 640 Debt Outstanding as at Sept 30, 2016 (Rs. Cr) Financial Cl
Slide 30: Glossary
Glossary Acronym Full Form IL&FS Infrastructure Leasing and Financial Services ITNL IL&FS Transportation Networks Limited SPV Special Purpose Vehicle BOT Build Operate Transfer HUDA Haryana Urban Development Authority COD Commercial Operation Date NHDP National Highway Development Plan SARDP Special
Slide 31: Glossary
Glossary Acronym Full Form JARDP/JRPICL Jharkhand Accelerated Road Development Programme / Jharkhand Road Projects Implementation Company Limited RPR II (Part of JRPICL I) Patratu Dam – Ramgarh Road CKC (Part of JRPICL II) Chaibasa Kandra Chowka Road CNTL Chenani Nashri Tunnelway Limited WCBTRL Waro
Slide 32: Glossary
Glossary Acronym Full Form NKEL North Karnataka Expressway Limited APEL Andhra Pradesh Expressway Limited HREL Hazirabagh Ranchi Expressway Limited EHEL East Hyderabad Expressway Limited GRICL Gujarat Road and Infrastructure Company Limited WGEL West Gujarat Expressway Limited NTBCL Noida Toll Bridg
Slide 33: 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
IL&FS Transportation Networks — Q2 FY17 Earnings Presentation on 6ix