Il&fs Transportation Networks Limited · NSE:IL&FSTRANS
Il&fs Transportation Networks — Q1 FY2019 Earnings Presentation
35 slides from Il&fs Transportation Networks's earnings presentation, Aug 14, 2018
Slide 1: Presentation – Conference Call cover letter to exchanges
A IILSFS | Transportation \L&FS Transportation Networks Limited IL&FS Financial Centre. | T +91 22 2653 3333 August 14, 2018 Plot -22,GBlock, | F +91 2226523979 Bandra Kurla Complex, | W www.itnlindia.com Mumbai 400 051 CIN L45203MH2000PLC 129790 INDIA | General Manager, Vice President, Listing Depa
Slide 2: Invitation to 1QFY19 Earnings Conference Call
Invitation to IL&FS Transportation Networks Ltd. 1QFY19 Earnings Conference Call Maybank Kim Eng is pleased to host, on behalf of IL&FS Transportation Networks Ltd. a conference call on Tuesday 14th Aug 2018 (04:00PM India Time) following the announcement of financial results for the quarter ended J
Slide 3: Analyst Presentation – August 2018
IL&FS Transportation Networks Limited Analyst Presentation – August 2018 August 13, 2018 CIN - L45203MH2000PLC129790
Slide 4: 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 5: In this presentation…
In this presentation… Company Overview BOT Toll Revenue Growth International Presence IL&FS – Strong Parentage Key Updates Board of Directors Portfolio – BoT Road Projects Key Managerial Personnel Key business segments Road Projects Marquee Projects Glossary Major Milestone
Slide 6: Company Overview
Company Overview Leading surface transportation infrastructure company and the largest private sector BoT road operator (in terms of lane kilometer) in India* Pan India presence with projects across several states in India Jammu & Kashmir Promoted by Infrastructure Leasing and Financial Servic
Slide 7: International Presence
International Presence China IIPL acquired 49% stake in Yuhe Expressway (235 lane km), in 2011 for USD 160 mn Elsamex Spain Undertaking Operation and Maintenance contracts Laos Contract for Lao PDR’s Vietnam IIPL USA LLC National road 1F (165 Contract for application To undertake projects in km) for
Slide 8: Key Updates
Key Updates BUSINESS Project portfolio: Total Projects – 33 (BOT ‐ 28 and Non Road projects – 5); EPC Projects ‐ 4 Total BOT road portfolio: 13,493 lane km Per day average Toll & Annuity revenue for the quarter ‐ ₹ 9.04 crore Order Book currently stands at (i) BOT ‐ ₹ 5,057 crore, (ii) EPC ‐
Slide 9: Portfolio: BoT Road Projects
Portfolio: BoT Road Projects • Diverse BOT portfolio of 28 road projects covering 13,493 lane km spread across several states in India • Diverse mix of “Annuity / assured payments” and “Toll” based projects in various stages of development GRBDCL FSEL@ IRIDCL II JIICL SSTL Commissioned KNCEL ACEL@ K
Slide 10: Key business segments
Key business segments • Concession from a government authority to finance, design, construct and operate an infrastructure facility (primarily road) for limited period of time • Core business at present with 28 1road projects and 5 non‐road projects • Prudent mix of toll and annuity projects to bala
Slide 11: Marquee projects
Marquee projects • The longest road tunnel in Southeast Asia ‐ Chenani Nashri Tunnel • The prestigious tunnel in Jammu & Kashmir was inaugurated by the Honorable Prime Minister of India, Shri Narendra Modi on March 8, 2017 • The tunnel’s construction was a highly challenging endeavor, which was deve
Slide 12: Major milestones
Major milestones 2017 2013 2010 • Commissioned milestone 2014 Tunnel Project – CNTL 1st Preference shares • 1st Toll project issued securitization – • Ventured into EPC mode of 2006 • Successful launch of ITNL IPO delivery Raised • 1st Rights Issue • 1st Annuity project Raised securitization - • Tol
Slide 13: Order Book: Composition & Spread
Order Book: Composition & Spread BOT Order book – Project Type BOT Order book – Geographic Spread Jammu & Kashmir 34.38% 36% Road- Annuity 64% Road- Toll Gujarat BOT Order book – Sourcing 4.54% Jharkhand 1.79% Maharashtra 59.18% 59% NHAI 41% Order Book BOT - ₹ 5,058 Crs EPC - ₹ 5402**Crs Internation
Slide 14: Profit & Loss Accounts Highlights
Profit & Loss Accounts Highlights (All figures in INR Crore) Standalone Key Parameters Quarter Quarter Quarter qoq yoy ended June ended March ended June % Change % Change 30, 2018 31, 2018 30, 2017 Revenue 807 1218 749 ‐34% 8% Other Operating Income 229 394 248 ‐42% ‐8% EBITDA * 209 575 420 ‐64% ‐50
Slide 15: Standalone Revenue & Expenses
Standalone Revenue & Expenses Revenue Expenses (in INR Crore) (in INR Crore) 2,000 2000 1,500 1500 394 21 16.64 1,000 1000 19 430 229.00 489.00 248 1,133 380 500 500 703.00 797 689.00 518 439 0 0 Quarter Ended June 30 2017 Quarter Ended March 31 2018 Quarter Ended June 30 2018 Quarter Ended June 30
Slide 16: Revenue Collection on Operational Road Projects
Revenue Collection on Operational Road Projects Not adjusted for ITNL’s stake Average Daily Toll Collection (All figures in INR Cr) Toll Projects under Operation In Q1 FY 18 In Q4 FY 18 In Q3 FY 18 In Q2 FY 18 Mega Highways – Rajasthan* 0.60 0.82 0.82 0.83 Mega Highways – Rajasthan II & III* 0.22 0.
Slide 17: BOT Toll Revenue Growth
BOT Toll Revenue Growth (INR in Crore) Toll Revenue Sr.No Name of the Project 2013-14 2014-15 2015-16 2016-17 2017-18 start date 1 Mega Highways - Rajasthan (Ph - I) Mar-08 237 249 289 381 406 Mega Highways - Rajasthan (Ph – II & 2 Oct-11 III) 3 Rajkot to Jetpur - Gondal (Gujarat) May-08 48 53 54 55
Slide 18: IL&FS - Strong Parentage
IL&FS - Strong Parentage INFRASTRUCTURE A leading infrastructure development conglomerate established in Transportation | Energy | Maritime Education & Social Infrastructure | 1987 Environment & Waste Management| Information Technology | Water| Urban Infrastructure Development| Engineering & Constru
Slide 19: Experienced Board of Directors
Experienced Board of Directors Independent Directors Non‐Independent Directors Name Designation / Background Name Designation Mr Deepak Mr Hari Sankaran Vice Chairman and MD, IL&FS Chairman; Former Chairman, NHAI Dasgupta Mr Arun K Saha Joint Managing Director & CEO, IL&FS Mr RC Sinha Former Vice Ch
Slide 20: 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 21: Road Projects
Road Projects
Slide 22: Projects Under Operation
Projects Under Operation North Karnataka Expressway Limited Name of Project West Gujarat Expressway Limited (WGEL) Noida Toll Bridge (NTBCL) (NKEL) Authority NHAI NHAI NOIDA State Karnataka Gujarat Delhi & Noida Concession Type Annuity Toll Toll Project (Lane Km) 472 389 60 Project Cost (Rs Cr) 600
Slide 23: Projects Under Operation
Projects Under Operation Thiruvananthapuram City Roads (Phase I Mega Highways Project Rajasthan Name of Project Narketpally ‐ Addanki (NAMEL) & II) (TRDCL) (RIDCOR) Phase I & II Authority KRFB Govt. of Andhra Pradesh Govt. of Rajasthan State Kerala Andhra Pradesh Rajasthan Concession Type Annuity To
Slide 24: 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 25: 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 26: 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 27: Projects Under Operation
Projects Under Operation Name of Project Chennani ‐ Nashri (CNTL) Khed Sinnar Authority NHAI NHAI State Jammu & Kashmir Maharashtra Concession Type Annuity Toll Project (Lane Km) 38 557 Project Cost (Rs Cr) 5269 2015 Debt Outstanding as at March 31, 2018 (Rs. Cr) (Long 4309 1093 Term ) GRANT (Rs. Cr
Slide 28: Status – Project under Construction
Status – Project under Construction Construction Progress Scheduled Project Completion Date BAEL Mar‐19 ** JIICL Aug‐18 Projects getting operational FSEL May‐19 in the next 24 months KNC Feb‐19 SSTL Apr‐20 ACEL May‐19 GRBDCL Jul‐19 Constructed To be Constructed ** Received EoT upto March 2019 Indica
Slide 29: Project Development / Construction
Project Development / Construction Name of Project Kiratpur Ner Chowk (KNCEL) Barwa Adda Panagarh Beawer Gomti (Additional) Authority NHAI NHAI MoRTH State Himachal Pradesh Jharkhand & Rajasthan West Bengal BOT Type Toll Toll Toll Project (Lane Km) 327 727 216 Project Cost (Rs Cr) 2291 2452 1387 Deb
Slide 30: Project Development / Construction
Project Development / 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 2
Slide 31: Project Development / Construction
Project Development / Construction 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 March 31, 2018 (Rs.
Slide 32: Glossary
Glossary Acronym Full Form IL&FS Infrastructure Leasing and Financial Services ITNL IL&FS Transportation Networks Limited SPV Special Purpose Vehicle BOT Build OperateTransfer HUDA Haryana Urban Development Authority COD Commercial Operation Date NHDP National Highway Development Plan SARDP Special
Slide 33: 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 34: 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 35: 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
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