Irb Infrastructure Developers Limited · NSE:IRB
Irb Infrastructure Developers — Merger or Acquisition (October 2021)
10 slides from Irb Infrastructure Developers's merger presentation, October 2021
Slide 1: IRB to raise Equity up to INR 5,347 Cr by way of Preferential Allotment
IRB to raise Equity up to INR 5,347 Cr by way of Preferential Allotment to affiliates of Ferrovial S.A. and GIC October 2021 Press Release – Preferential Allotment October 2021
Slide 2: The Transactions
The Transactions • Global infrastructure giant Ferrovial S.A, through it’s subsidiary Cintra INR Investments BV, would invest equity capital of up to INR 3,180 Cr into India’s largest toll road developer – IRB. Cintra will have a maximum stake of 24.9% stake in IRB post their investment • GIC throug
Slide 3: Leading Global Infrastructure Investors back IRB
Leading Global Infrastructure Investors back IRB • Cintra is one of the leading companies in the private development of transportation infrastructure throughout the world, by number of projects and by volume of investment. Cintra currently manages about 915 miles of highways, spread over 23 concessi
Slide 4: Largest Infusion of Equity Capital in an Indian Road and Highway Developer
Largest Infusion of Equity Capital in an Indian Road and Highway Developer PREFERENTIAL ISSUE OF EQUITY SHARES TO GLOBAL MARQUEE INVESTORS Upto INR 3,180 Cr Upto INR 2,167 Cr • To hold up to 24.9% stake post • Maximum stake of up to 16.9% post primary infusion primary infusion • Board Representation
Slide 5: Key Transactions Highlights
Key Transactions Highlights • Preferential allotment of Equity shares to Cintra aggregating up to INR 3,180 Cr The Transactions • Preferential allotment of Equity shares to GIC affiliate aggregating up to INR 2,167 Cr • The preferential allotment at the price of INR 211.79 / share in compliance with
Slide 6: Strong Financial Metrics Pursuant to Equity Infusion and Deleveraging
Strong Financial Metrics Pursuant to Equity Infusion and Deleveraging Construction Segment Pre* Post^ Substantial deleveraging of the corporate debt will significantly Net Debt/ EBITDA 3.6x 0.2x increase free cash flows at Holdco level Interest Coverage Ratio 1.9x 4.7x to fund equity for new project
Slide 7: Access to Growth Capital To Create Potential Pipeline of Opportunities
Access to Growth Capital To Create Potential Pipeline of Opportunities Across Both Greenfield & Brownfield Levels of Award Activity witnessed during last 2-3 years likely to continue …with significant improvement likely in pace of construction going forward (kms) 17,055 14,235 14,600 15,948 13,298 1
Slide 8: Road Sector has Lion's share in GoI's Infrastructure Development Plan
Road Sector has Lion’s share in GoI’s Infrastructure Development Plan National Monetization Pipeline PM Gati Shakti Master Plan • Construction of INR 111 Lakh Crore of Greenfield assets in • Monetization of INR 6 Lakh Crore of Brownfield assets with the core infrastructure sectors upto FY25 stable r
Slide 9: Disclaimer
Disclaimer Except for the historical information contained herein, statements in this presentation and any subsequent discussions, which include words or phrases such as ‘will’, ‘aim’, ‘will likely result’, ‘would’, ‘believe’, ‘may’, ‘expect’, ‘will continue’, ‘anticipate’, estimate’, ‘intend’, ‘pla
Slide 10: THANK YOU
THANK YOU 9
IRB Infrastructure Developers — Merger or Acquisition (October 2021) on 6ix