Slide 1: Corporate Presentation June 2019
Corporate Presentation June 2019
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by IRB Infrastructure Developers Limited (the “Company”) solely for your information and for your use and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organization or firm
Slide 3: Contents
Contents Sr. No Particulars Page No. 1 Key Highlights for Q1 FY2020 4 2 Consolidated Financial Results as on June 30, 2019 5 3 Strong Financial track record 8 4 BOT Toll Revenue Comparative 10 5 Toll Performance 12 6 Other Operational BOT Projects 16 7 BOT Projects under implementation 17 9 Financia
Slide 4: Key Highlights during Q1FY2020
Key Highlights during Q1FY2020 Revenue* EBITDA* PAT* For Q1FY20 has gone up to Rs.18,211 For Q1FY20 has gone down to Rs For Q1FY20 has gone up to Rs. 9,035 mn from Rs. 15,832 Mn registering a 2,066 Mn from Rs. 2,501 Mn Mn from Rs. 7,920 Mn registering a growth of 15 % over Q1FY19 registering a decli
Slide 5: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period Ended June 2019 (Quarter) June 2018 (Quarter) Particulars Total All Segments Construction Segment BOT Segment Total All Segments Construction Segment BOT Segment Amt % Amt % Amt % Amt % Amt % Amt % Total Income 18,211.25 100.00 11,938.61
Slide 6: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period Ended June 2019 (Quarter) March 2019 (Quarter) Particulars Total All Segments Construction Segment BOT Segment Total All Segments Construction Segment BOT Segment Amt % Amt % Amt % Amt % Amt % Amt % Total Income 18,211.25 100.00 11,938.61
Slide 7: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period Ended June 2019 (Quarter) March 2019 (Year) Particulars Total All Segments Construction Segment BOT Segment Total All Segments Construction Segment BOT Segment Amt % Amt % Amt % Amt % Amt % Amt % Total Income 18,211.25 100.00 11,938.61 10
Slide 8: Strong Financial Track Record Consolidated Financials
Strong Financial Track Record Consolidated Financials Revenue EBITDA 80,000 35,000 31,715 31,329 69,026 70,000 30,000 27,874 28,480 59,691 58,628 60,000 52,551 25,000 50,000 Rs. in Mn 20,000 Rs.in Mn 40,000 15,000 30,000 10,000 9,035 20,000 18,211 10,000 5,000 - - FY 2016 FY 2017 FY 2018 FY2019 Q1FY
Slide 9: Strong Financial Track Record Consolidated Financials
Strong Financial Track Record Consolidated Financials Net Worth & ROE Net Debt & Net Debt to Equity Ratio NETWORTH (LHS) ROE (RHS) Net Debt DEBT Equity RATIO 70,000 65,225 30% 170,000 6.00 56,925 63,151 151,498 150,000 134,093 60,000 25% 132,999 136,378 5.00 52,716 130,000 50,000 48,272 20% 4.00 106
Slide 10: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn Sr. Name of the Project FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Q1FY 2019 Q1FY 2020 No. 1 Mumbai - Pune BOT Project 5,673 6,331 6,819 9,016 9,182 2,309 2,470 2 Ahmedabad – Vadodara 1,566 2,187 3,309 3,808 4,293 1,041 1,135 3 Chittorgarh – Gulabpura BOT (T
Slide 11: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn Exemption in Toll for Car and ST Bus category wef June 1, 2015 as per notificaton issued by GOM Q1 FY 20 includes an amount of Rs.190 Mn towards claims up to FY 2018-19 received from MSRDC wrt exemption in toll to LMV and ST/ School 11
Slide 12: Toll Performance (1/4)
Toll Performance (1/4) Ahmadabad Vadodara Amount in Rs Mn Name of Ahmedabad Double digit growth in traffic being witnessed which, coupled the Project Vadodara with interest savings as well as tariff increase for the year, Client NHAI should significantly reduce cash losses for the project State Gu
Slide 13: Toll Performance (2/4)
Toll Performance (2/4) Agra Etawah Name of the Project Agra – Etawah Toll revenue has been affected due to Client NHAI State Uttar Pradesh Temporary impact of low tariff implemented on Length (In Kms) 124.52 Lucknow Expressway resulting in diversion of Project Cost in Rs. Mn 30,440 traffic Rs. 810
Slide 14: Toll Performance (3/4)
Toll Performance (3/4) Solapur Yedeshi: Kaithal - Project performing inline with expectation even with 93% tolling Name of the Solapur Yedeshi Rajasthan as on date. Project Yedeshi Aurangabad Border Robust traffic mix as well as growth momentum bodes well for good return profile of the asset. Cl
Slide 15: Toll Performance (4/4)
Toll Performance (4/4) Kishangarh Name of the Project Udaipur Gujarat Border Gulabpura Chittorgarh Gulabpura Client NHAI NHAI NHAI State Rajasthan / Gujarat Rajasthan Rajasthan Project Cost in Rs. Mn 25,310 20,900 15,260 Premium to be paid (Rs. Mn ) Rs. 1,638 Mn Rs. 2,286 Mn Rs. 1,863 Mn Concession
Slide 16: Other Operational BOT Projects
Other Operational BOT Projects Mumbai Name of the Project Thane Ghodbunder Pune - Nashik Pune Client MSRDC MSRDC MOSRT&H State Maharashtra Maharashtra Maharashtra Length of the Project 206.0 14.9 29.8 (In Kms) Project Cost in Rs. Mn 13,016 2,462 737 Date of Start August 10, 2004 December 24, 2005 Se
Slide 17: BOT Projects Under Implementation
BOT Projects Under Implementation Goa / Karnataka Border Name of the Project to Kundapur Client NHAI State Karnataka Length of the Project (In Kms) 189.6 Project Cost in Rs. Mn 34,470 Grant to be Sought 5,362 Rs. In Mn Concession Period 28 Years Remark Under Construction Expected PCOD October 2019 E
Slide 18: BOT Projects Under Implementation
BOT Projects Under Implementation Name of the Project Hapur Moradabad Dettails of the Project Six Laning of Hapur Bypass (Km 50.000) to Moradabad (Km 149.867) Section of NH 9 in the State of Uttar Pradesh (length 99.867 km) under NHDP Phase V on BOT (toll) Basis. Client NHAI State Uttar Pradesh Leng
Slide 19: Financial Closure achieved for HAM Projects
Financial Closure achieved for HAM Projects Rs in Mn Name of the Project Four laning of Puducherry Four laning of Construction of Eight lane Vadodara Kim (Km. 29.000) to Poondiyankuppam (to Expressway from Km 355.00 to Km 378.740 Poondiyankuppam (Km. Sattanathapuram (Design (Padra to Vadodara Sectio
Slide 20: IRB's BOT Road Portfolio
IRB’s BOT Road Portfolio BOT / HAM Portfolio – Km & Lane Km BOT / HAM Portfolio – State wise % (Lane Kms) 12000 Gujarat 10000 14% Uttar Pradesh 8000 15% 6000 Karnataka 9% Km and LKM 4000 Haryana 2000 Rajasthan 8% 23% Tamil Nadu 0 4% -2000 -4000 Maharashtra 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 1
Slide 21: Strong EPC Order Book
Strong EPC Order Book Order book As on June 30, 2019 Amount Order Book* Composition in Rs. Mn Ongoing BOT / HAM Projects 75,790 HAM Projects - Construction yet to commence 32,710 O& M of InvIT Projects# 18,000 Total ~ 126,500 •Order Book as of a particular date consists of unbilled revenue from the
Slide 22: EPC Performance
EPC Performance Revenue & YoY Growth PAT and Return Ratios PAT ROCE ROE Revenue Growth 8,000 50% 50,000 47,098 60% 43% 45% 7,000 49% 39% 45,000 50% 37% 40% 39,734 6,000 34% 40,000 35,912 40% 35% 35,000 31,321 5,000 30% 30% (Rs. Mn) 32% (Rs. Mn) 26% (%) 30,000 19% 15% 4,000 29% 25% 11% 20% 25,000 26%
Slide 23: Balance Equity Commitment
Balance Equity Commitment Year Amount in Rs Mn FY2020 18,920 FY2021 6,890 FY2022 3,740 Total Equity Commitment* 29,560 * For projects under implementation 23
Slide 24: Growth Strategy
Growth Strategy Bharatmala Pariyojana: Strong growth envisaged till FY 2022 ~Rs 5tn of total investment for developing 34,800km of roads lined up over the next 4-5 years Of this Rs1.2tn would come from PPP, Rs 2tn from market borrowings and balance Rs ~2tn from Budgetary allocation/ToT/CRF/Toll
Slide 25: Company Overview
Company Overview IRB Group IRB Infrastructure Developers Limited (“IRB”) incorporated in 1998, has strong in-house integrated execution capabilities One of the leading Infrastructure Development company in India in road and highway sector Group has successfully executed numerous BOT projects i
Slide 26: Key Competitive Advantage
Key Competitive Advantage One of the largest BOT Project Portfolio in the Roads IRB InvIT : 16 BOT projects out and Highways perpetual of which 12 are Sector being tolled, opportunity to and balance are recycle capital and under various monetize assets phases of Key development Competitive Professio
Slide 27: Roadmap So Far
Roadmap So Far First ever Airport Project in Achieved Financial Closure for all HAM IRB’s portfolio Awarded 2 Nos. of Six Laning Projects of Projects and Construction started for – Greenfield Airport Project Vadodara – Km HAM Project. in Sindhudurg, NHAI on DBFOT Maharashtra. Successfully rais
Slide 28: The "IRB" Group
The “IRB” Group IRB’s BOT Road Projects Sr. Length Company Road Name No. in Km 1 ATR Infrastructure Pvt. Ltd. Pune – Nashik BOT NH 50 29.81 100% 2 Mhaiskar Infrastructure Pvt. Ltd. Mumbai – Pune BOT MPEW & NH4 206.00 13 BOT Projects 3 Thane Ghodbunder Toll Road Pvt. Ltd. Thane Ghodbunder Toll Road B
Slide 29: Organization Structure
Organization Structure Board of Directors Mr. Virendra D. Mhaiskar Chairman and Managing Director Mrs. Deepali V. Mhaiskar Mr. Mukesh Gupta Mr. Sudhir Hoshing Executive Director Joint Managing Director Joint Managing Director Mr. Chandrashekhar S. Kaptan Mr. Sunil H. Talati Mr. Sandeep Shah Ms. Heen
Slide 30: Organization Structure
Organization Structure Statutory Auditors Mr. Rajkamal R. Bajaj Internal Auditors Suresh Surana & Associates LLP BSR & Company LLP Advisor to the Board Chartered Accountants Chartered Accountants Joint Statutory Auditors Bankers / Lenders of IRB Group Gokhale & Sathe Andhra Bank Canara Bank Chartere
Slide 31: Shareholding Pattern
Shareholding Pattern Shareholding Pattern as on June 30, 2019 Name Percentage (%) Promoter 57.37 Promoter Group 0.17 FII / EPI 21.22 DII 11.41 Others 9.83 Total 100.00 Shareholders holding more than 1% shares as on June 30, 2019 Name Percentage (%) Life Insurance Corporation of India 3.81 Aditya Bir
Slide 32: Corporate Recognition
Corporate Recognition This award was won by IRB for being the ideal companies to work for infrastructure sector in EPC Company of India acknowledging its business the Year 2018 operations, quality of its management, concern for Award conferred on employee wellbeing and welfare by the EPC World and f
Slide 33: Corporate Recognition
Corporate Recognition IRB has been conferred on the This award was won by prestigious ‘FinanceAsia the company for having Achievement Award 2017 – employee friendly policies, Best India Deal’ Award by respect for dignity of Hong Kong based employees, open FinanceAsia, a globally communication and hi
Slide 34: Our CSR Initiative
Our CSR Initiative We have replicated same model and have started a We also generously school in the Pathankot district of Punjab, near the contributed to the Amritsar- Pathankot BOT project. Chief Minister’s drought relief fund in Maharashtra. The School building was inaugurated on 27 March 2017.Th
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