Slide 1: Investor Presentation filing letter to stock exchanges
GR HIGHWAYS INVESTMENT MANAGER PRIVATE LIMITED 29th May 2024 To BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street, Bandra-Kurla Complex, Bandra(E) Mumbai – 400001 Mumbai -400051 Scrip Code: 544137 Symbol: BHINVIT Subject: Investo
Slide 2: Investor Presentation Financial Year ended 31st March 2024
Investor Presentation Financial Year ended 31st March 2024 1
Slide 3: Disclaimer
Disclaimer • This presentation is issued by GR Highways Investment Manager Private Limited (the “Investment Manager”) on behalf of Bharat Highways InvIT (“the InvIT”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any part
Slide 4: Disclaimer
Disclaimer • This presentation may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and if given or made, such information or
Slide 5: Overview - Bharat Highways InvIT
Overview - Bharat Highways InvIT 4
Slide 6: Bharat Highways InvIT
Bharat Highways InvIT • Established to acquire, manage and invest in a portfolio of infrastructure assets in India • Seven road assets acquired on 1st March 2024 • Successfully Listed on 12th March 2024 at NSE & BSE • Asset portfolio consists of operating Hybrid Annuity Mode (HAM) Road Projects awar
Slide 7: InvIT Structure
InvIT Structure Aadharshila Infratech Private G R Highways Investment G R Infraprojects Limited Limited Manager Private Limited (The Transferor) (Sponsor & Project Manager) (Investment Manager) 15% 85% IDBI Trusteeship Unitholders (Investors) Services Limited Bharat (Trustee) Highways InvIT 100% 100
Slide 8: Initial Public Offer
Initial Public Offer Particulars Date Bidding Period – Sponsor From 26th Feb 2024 to 26th Feb 2024 Bidding Period – Anchor From 27th Feb 2024 to 27th Feb 2024 Bidding Period – Non-institutional From 28th Feb 2024 to 1st Mar 2024 Date of Listing 12th March 2024 Category No. of Units No. of Units No.
Slide 9: Our Strategy
Our Strategy Institute and Maintain Capital Active Asset Management Expanding portfolio of Management Policies road assets Maximize distributions to Unitholders while Asset management through the services of Proposed ROFO Agreement - InvIT will have optimizing the capital structure to retain the Pro
Slide 10: Competitive Strengths
Competitive Strengths No construction risk ROFO with GRIL Initial portfolio with right of first offer to all operational acquire certain assets, having an assets of GRIL aggregate length of Steady nature of ~497 Km income Pre-determined annuity payments Long term Predictable concession with zero tra
Slide 11: Asset Portfolio
10 BHARAT HIGHWAYS INVIT
Slide 12: Asset Portfolio
Asset Portfolio Porbandar Dwarka Expressway Pvt. Ltd (1) State: Gujarat Stretch: Porbandar Dwarka GR Phagwara Expressway Ltd. (5) Type/ Design length: 4 lane/ 117.75 kms Pavement Details – 114.75 kms Rigid & 3.00 State: Punjab kms Flexible Stretch: Phagwara Rupnagar Type/ Design length: 4 lane/ 80.8
Slide 13: Asset Portfolio
Asset Portfolio 40 annuities 7 ~497 Km ~10.9-13.4 Yrs received Operational Total Length Residual HAM Projects Concession period Annuities Total Design End of Residual Bid Project Receivable No. of Awarding Annuities Project Length Location State Appointed Date Concession PCOD Concession Cost (as on
Slide 14: Financial Highlights
Financial Highlights 13
Slide 15: Financial Highlights – FY24 (Standalone)
Financial Highlights – FY24 (Rs. Mn) P&L - Standalone Standalone Revenue: Total Income 296.4 • Total Income includes interest income from project SPVs of Rs. Total Expenses 59.7 295 Mn Profit before tax 236.7 Expenses: Total tax expenses 0.6 • Includes majorly Listing Expenses of Rs. 26.66 Mn and Fi
Slide 16: Financial Highlights – FY24 (Consolidated)
Financial Highlights – FY24 (Rs. Mn) P&L - Standalone Consolidated Revenue: Total Income 1,286.2 • Total Income includes Revenue from Operations of ~Rs. 1,207 Total Expenses 1,089.0 Mn and finance income on financial assets of ~Rs. 307 Mn Profit before tax 197.2 Total tax expenses 49.1 Net profit 14
Slide 17: Net Distributable Cash Flow
Net Distributable Cash Flow^ DPU: Rs. 3.00/- per unit Interest: Rs. 0.50/- per unit Dividend: Rs. 2.50/- per unit Rs. In Million * Excluding prior period claims in VSEPL ^Yield of 3.00% for 91 days i.e. from 12th March 2024 till 10th June 2024 (from date of listing till date of payment of distributi
Slide 18: Debt Profile & NAV
Debt Profile & NAV Credit Rating All data in Rs. Million Particulars Standalone Consolidated External Debt 4,812.76 11,342.22 AAA/Stable Consolidated Particulars (Rs. Crore) Fair Value Assets (I) 63,576.04 ** AAA/Stable Liabilities (at book value) (II) 13,028.26 Net Assets (III=I-II) 50,547.78 No. o
Slide 19: Unitholding Pattern as on 31st March 2024
Unitholding Pattern as on 31st March 2024 Unitholding Top Five Public Unitholders Unitholding % Category No. of Units %age G R Infraprojects Limited 43.56% Corporate Body 22,14,20,470 49.99% Kotak Mahindra Mutual Fund 3.81% Mutual Funds 9,09,19,358 20.53% ICICI Prudential Mutual Fund 3.46% Sponsor 6
Slide 20: Board and its Committees
its Commit \) BHARAT HIGHWAYS INVIT itt LEeS 19
Slide 21: Board of Directors
Board of Directors Directors of the Investment Manager Ajendra Kumar Agarwal Raghav Chandra Deepak Maheshwari Chairman & Non-executive Director Independent Director Independent Director • Managing director on the board of directors • 35+ years of experience in areas including public • 40+ years of e
Slide 22: Board Committees Unitholder Grievance Redressal
Board Committees Unitholder Grievance Redressal Audit Committee Grievance redressal through RTA Nomination & Remuneration Grievance redressal directly by the InvIT Committee Stakeholder Relationship SEBI SCORES Committee Risk Management Smart ODR Committee 21
Slide 23: Thank You
Thank You 22