37 slides from Irb Infrastructure Developers's investor presentation, September 2016
Slide 1: Corporate Presentation | September 2016
Corporate Presentation | September 2016 1
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 taken away, reproduced, redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organiza
Slide 3: Contents
Contents Sr. No Particulars 1 Company Overview 2 Key Highlights for September 30 , 2016 quarter 3 Key Competitive Difference 4 Roadmap so far 5 The IRB Group 6 Organization Structure 7 Shareholding Pattern 8 Operational BOT Projects 9 BOT Projects under implementation 10 Strong Order Book 11 Recentl
Slide 4: Key Highlights during the September 2016 Qtr
Key Highlights during the September 2016 Qtr Financial •Consolidated Income For Q2 FY 2017 has gone up to Rs.13,242 mn from Rs.11,794 mn registering a growth of 12% in comparison to Q2 FY2016. Whereas for H1 FY2017 stands at Rs.28,723 Mn from Rs.23,163 Mn registering a growth of 24% over H1 FY2016 •
Slide 5: 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 6: Key Competitive Advantage
Key Competitive Advantage One of the largest BOT Project Portfolio in the Roads and Highways Robust order 21 BOT projects Sector book of out of which 14 Rs 113,935 Mn are operational Key Competitive Professionally Advantage Strong financial managed track record and company with relationship with qua
Slide 7: Roadmap So Far
Roadmap So Far First ever Airport Project in IRB’s Awarded 2 Nos. of Six Laning Projects portfolio of NHAI on DBFOT Pattern in the state Successfully raised Rs. of Rajasthan – Greenfield Airport Project in 4,400.06 Mn by way of QIP Sindhudurg, Maharashtra. – Udaipur to Gujarat Border section
Slide 8: The "IRB" Group
The “IRB” Group IRB’s Road Projects Sr. Length Company Road Name 21 BOT Projects No. (Km) Roads 100%** 1 Ideal Road Builders Pvt. Ltd. Thane Bhiwandi Bypass BOT 24.00 2 Aryan Toll Road Pvt. Ltd. Pune – Sholapur BOT 26.00 3 ATR Infrastructure Pvt. Ltd. Pune – Nashik BOT NH 50 29.81 Engineering , 4 Mh
Slide 9: 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 Executive Director Joint Managing Director Mr. Chandrashekhar S. Kaptan Mr. Sunil H. Talati Mr. Sandeep Shah Mr. Sunil Tan
Slide 10: Organization Structure
Organization Structure Statutory Auditors Mr. Rajkamal R. Bajaj Internal Auditors Suresh Surana & Associates S. R. Batliboi & Co. LLP Advisor to the Board Chartered Accountants Chartered Accountants Joint Statutory Auditors Bankers / Lenders of IRB Group Gokhale & Sathe Andhra Bank Canara Bank Chart
Slide 11: Shareholding Pattern
Shareholding Pattern Shareholding Pattern as On September 30, 2016 Name Percentage (%) Promoter 57.20 Promoter Group 0.17 FII / EPI 30.30 DII 6.91 Others 5.42 Total 100.00 11
Slide 12: Operational BOT Projects
Operational BOT Projects Name of Surat Bharuch Tumkur Omallur Salem the Project Dahisar Surat Chitradurga Namakkal Client NHAI NHAI NHAI NHAI State Maharashtra / Gujarat Gujarat Karnataka Tamil Nadu Length of the Project (In 239.00 65.00 114.00 68.625 Kms) Project Cost as appraised by the Lenders 25
Slide 13: Operational BOT Projects
Operational BOT Projects Name of Talegaon Jaipur Pathankot Ahmedabad the Project Amravati Deoli Amritsar Vadodara Client NHAI NHAI NHAI NHAI State Maharashtra Rajasthan Punjab Gujarat Length of the 66.73 146.30 102.42 195.602 Project (In Kms) Project Cost as appraised by the 8,880 17,330 14,453 48,8
Slide 14: Operational BOT Projects
Operational BOT Projects Name of Mumbai IRDP Thane Ghodbunder the Project Pune Kolhapur Client MSRDC MSRDC MSRDC State Maharashtra Maharashtra Maharashtra Length of the Project (In Kms) 206.00 14.90 49.99 Project Cost as appraised by the 13,016 2,462 4,300 Lenders Rs. Mn Debt / Unsecured Loan Outsta
Slide 15: Operational BOT Projects
Operational BOT Projects Thane - Bhiwandi Name of the Project Pune - Nashik Pune - Solapur Bypass Client MORT&H MOSRT&H MOSRT&H State Maharashtra Maharashtra Maharashtra Length of the Project (In Kms) 24.00 29.81 26.00 Project Cost as appraised by the Lenders 1,040 737 630 Rs. Mn Debt / Unsecured Lo
Slide 16: BOT Projects Under Implementation
BOT Projects Under Implementation Goa / Karnataka Border Solapur Yedeshi Name of the Project to Kundapur Yedeshi Aurangabad Client NHAI NHAI NHAI State Karnataka Maharashtra Maharashtra Length of the Project (In Kms) 189.60 98.72 189.09 Project Cost as appraised by 26,390 14,920 31,770 the Lenders.
Slide 17: BOT Projects Under Implementation
BOT Projects Under Implementation Kaithal Name of the Project Agra – Etawah Rajanthan Border Client NHAI NHAI State Haryana Uttar Pradesh Length of the Project (In 166.26 124.52 Kms) Project Cost as appraised by the Lenders. (Rs. 22,900 25,230 Mn) Debt / Unsecured Loan Outstanding as September 10,00
Slide 18: Strong Order Book
Strong Order Book Order book As on September 30, 2016 Goa Kundapur 8% Amount Sindhudurg Order Book* Composition O & M Contracts in Rs. Mn 16% Airport 2% Ongoing BOT Projects 56,335 Solapur Yedeshi 2% Gulabpura - Chittorgarh BOT Projects in O&M Phase 17,730 17% Yedeshi Aurangabad BOT Projects - Const
Slide 19: Recently Awarded Projects
Recently Awarded Projects Six-laning from km 287.400 to km 401.200 section Six Laning of Kishangarh Udaipur Ahmedabad of NH-8 in the states of Rajasthan & Gujarat section from km. 90.000 (near Gulabpura) to km. (approx. length 113.800 km) on DBFOT (Toll) under 214.870 (end of Chittorgarh bypass) of
Slide 20: IRB's BOT Road Portfolio
IRB’s BOT Road Portfolio BOT Portfolio – Km & Lane Km BOT Portfolio – State wise % 12000 Rajasthan Karnataka 18% 13% Punjab 10000 4% Tamil Nadu 8000 2% Haryana Km and LKM Gujarat 6% 6000 18% Uttar Pradesh 7% 4000 Maharashtra 32% 2000 0 Year 1 1998 2 1999 3 2002 4 2003 5 2004 6 2005 7 2006 8 2008 9 2
Slide 21: The Road Ahead
The Road Ahead BOT Projects Continue to focus on BOT infrastructure projects in the road and highways sector Geographical diversification - accentuating Company’s nationwide plans De-risking revenue stream Dependency on single project now reduced to KM-82 operationalization of Surat Dahisar, T
Slide 22: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period September 2016 ( Quarter) (As per Ind-AS) September 2015 (Quarter) (As per Ind-AS) Ended Construction Particulars Total All Segments BOT Segment Total All Segments Construction Segment BOT Segment Segment Amt % Amt % Amt % Amt % Amt % Amt
Slide 23: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period September 2016 ( Quarter) (As per Ind-AS) June 2016 ( Quarter) (As per Ind-AS) Ended Construction Particulars Total All Segments BOT Segment Total All Segments Construction Segment BOT Segment Segment Amt % Amt % Amt % Amt % Amt % Amt % T
Slide 24: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period September 2016 ( 6 Months ) (As per Ind-AS) September 2015 (6 Months) (As per Ind-AS) Ended Particulars Total All Segments Construction Segment BOT Segment Total All Segments Construction Segment BOT Segment Amt % Amt % Amt % Amt % Amt %
Slide 25: Strong Financial Track Record Consolidated Financials
Strong Financial Track Record Consolidated Financials Revenue EBITDA 60,000 30,000 27,845 52,541 50,000 25,000 23,247 38,174 39,605 18,751 40,000 37,319 20,000 17,634 32,582 Rs. in Mn 14,946 15,474 Rs.in Mn 30,000 28,723 15,000 20,000 10,000 5,000 10,000 - - FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 F
Slide 26: Strong Financial Track Record Consolidated Financials
Strong Financial Track Record Consolidated Financials Net Worth & ROE Net Debt & Net Debt to Equity Ratio 54,000 51,321 30% 154,000 145,923 6.00 48,272 145,000 134,093 50,000 136,000 46,000 43,609 25% 127,000 5.00 35,607 118,000 109,695 42,000 109,000 17% 17% 20% 95,816 4.00 38,000 100,000 (Rs. Mn)
Slide 27: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn Sr. FY 2016 FY 2017 FY 2016 FY 2017 No Name of the Project FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 H1–Sept H1– Sept Q2–Sept Q2– Sept . 2015 2016 2015 2016 1 Mumbai - Pune BOT Project 3,977 4,162 4,376 5,673 6,331 3,061 3,614 1,464 1,735 2 Surat Dahisar BO
Slide 28: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn 28
Slide 29: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn 29
Slide 30: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn 30
Slide 31: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn 31
Slide 32: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn 32
Slide 33: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative During Q2- September 2015 During Q2- September 2016 Thane Bhiwandi Thane Bhiwandi Thane Ghodbunder Bharuch Surat 4% 3% 1% 9% Tumkur Bharuch Surat Chitradurga Tumkur Pune Nashik 7% Chitradurga 10% Thane Ghodbunder 1% 1% 8% Pune Solapur Pune Nashik 1% 1% Mumbai Pune Pune S
Slide 34: Corporate Recognition
Corporate Recognition For two consecutive year , IRB has been Mr. Virendra D. Mhaiskar, Chairman & awarded CNBC TV 18 Essar Steel Managing Director of IRB, was chosen as Infrastructure Excellence Award in the the “Young Turk of the Year” at the 6th Highways & Flyovers category. Edition of CNBCTV18 I
Slide 35: Corporate Recognition
Corporate Recognition IRB has been awarded CNBC TV 18 Essar Steel Infrastructure Excellence Award in the Highways & Flyovers category for Mumbai - Pune section of National Highways (NH-4). This award was in recognition of the high quality work implemented on the development and maintenance of the Mu
Slide 36: Our CSR Initiative
Our CSR Initiative In a traditional and backward rural area of We also generously Rajasthan, where educating a girl child is frowned contributed to the Chief Minister’s upon, IRB’s school has the distinction of having drought relief fund more girl students (141) than boys (130) students. in Maharash
Slide 37: Infrastructure Developers Ltd
INFRASTRUCTURE DEVELOPERS LTD