Dilip Buildcon Ltd. · NSE:DBL
Dilip Buildcon — Q2 & H1 FY25 Earnings Presentation
49 slides from Dilip Buildcon's earnings presentation, Nov 13, 2024
Slide 1: Cover letter to stock exchanges
November 13, 2024 To To BSE Limited National Stock Exchange of India Ltd. Listing Department Exchange Plaza, C-1, Block G P.J Tower, Dalal Street BandraKurla Complex, Mumbai – 400001 Bandra (E), Mumbai – 400051 Stock Symbol -540047 Stock Symbol –DBL Sub: -Investor Presentation Pursuant to regulation
Slide 2: Dilip Buildcon Limited Earnings Presentation Q2 & H1 FY25
Road Irrigation Mining Water supply Tunnel Railways Metro Special Bridge Airport DILIP BUILDCON LIMITED Earnings Presentation Q2 & H1 FY25
Slide 3: Table of Content
TABLE OF CONTENT Business Highlights 03 Equity and divestment Tracker 29 Financial Highlights 13 Strategic partnership with Alpha Alternatives 32 Key Projects Update 35 Coal Mines Business Update 24 Company Overview 40
Slide 4: Business Highlights
DILIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND Business Highlights
Slide 5: Business Highlights YTD FY25
Business Highlights YTD FY25 WON 1 NEW PROJECT COMPLETED 4 PROJECTS DIVESTMENT WORTH ₹ 11,364 Mn WORTH ₹ 36,037 Mn STATUS Shrem InvIT : 100% equity stake Won 1 project worth Completed 3 HAM project worth divested in 10 HAM projects ₹ 11,364 Mn in the state of ₹ 23,537 Mn and 1 EPC project Kerala in
Slide 6: New Projects Won in FY25 YTD
New Projects Won in FY25 YTD (₹ in Mn.) Contract Value Period in which Project Name Type State Name of Employer excluding GST order won Construction of Twin Tube Uni-directional Tunnel in the Kozhikode and Wayanad Tunnel Kerala Konkan Railway Corporation Ltd. 11,364 Q2-FY25 Districts of Kerala State
Slide 7: Projects Completed in H1 FY25
Projects Completed in H1 FY25 (₹ in Mn.) Scheduled COD Actual Name of EPC Cost Early Completion Project Name State Type of Work with EOT/ Completion the Employer excluding GST Days Grace period Date National Highways Authority of Tamilnadu & Villupuram-Puducherry HAM 7,621 04.04.2024 04.04.2024 - In
Slide 8: Order Book – as on 30th September 2024
Order Book – as on 30th September 2024 (₹ in Mn) Vertical Wise Model Wise Special Bridge, 3,562 , (2%) Urban Development, Tunnel, 2,700 , (2%) 21,251 , (12%) HAM, 27.4% Road, 47,613 , (27%) Metro, 7,367 , (4%) EPC, 72.6% Mining, 35,555 , (21%) Irrigation, 36,692 , (21%) Water Supply, 18,814 , (11%)
Slide 9: Order Book as on 30th September 2024
Order Book as on 30th September 2024 Business Division wise order book – ₹ 173,554 Mn. ROADS & HIGHWAYS IRRIGATION MINING TUNNEL ₹ 47,613 Mn. ₹ 36,692 Mn. ₹ 35,555 Mn ₹ 21,251 Mn. 27.43% 21.14% 20.49% 12.24% www.dilipbuildcon.com | EARNINGS PRESENTATION Q2 FY25 | 8 |
Slide 10: Order Book as on 30th September 2024
Order Book as on 30th September 2024 Business Division wise order book – ₹ 173,554 Mn. WATER SPECIAL BRIDGES & RAILWAYS METRO AIRPORT SUPPLY URBAN DEVELOPMENTS ₹ 18,814 Mn ₹ 7,367 Mn ₹ 6,262 Mn ₹ NIL ₹ NIL 10.84% 4.04% 3.62% - - www.dilipbuildcon.com | EARNINGS PRESENTATION Q2 FY25 | 9 |
Slide 11: Order Book – Year-wise Trend
Order Book – Year-wise Trend (₹ in Mn) 2,74,114 2,55,945 2,53,950 1,90,816 1,86,065 1,74,316 1,73,554 FY20 FY21 FY22 FY23 FY24 Q1FY25 Q2FY25 www.dilipbuildcon.com | EARNINGS PRESENTATION Q2 FY25 | 10 |
Slide 12: Order Book as on 30th September 2024
Order Book as on 30th September 2024 (₹ in Mn) State Completed as on Ongoing Gross Order Book as on % to Total Order 30.09.2024 30.09.2024 30.09.2024 Book Geography wise order book Jharkhand 16,128 58,447 37,439 21.57% Madhya Pradesh 1,58,089 61,593 26,228 15.11% Gujarat 20,673 51,466 23,907 13.78%
Slide 13: NHAI/MoRTH-HAM Portfolio
NHAI/MoRTH-HAM Portfolio (₹ in Mn.) Sr No. Particulars Bid project cost Remarks 19 HAM Projects: • Shrem Group/Shrem InvIT - 16 Projects -100% Divested • Cube Highways-3 Projects -100% Divested 1 26 Completed HAM Projects 304,834 7 HAM Projects: • 7 HAM Project - 26% divested to Alpha Alternative •
Slide 14: Financial Highlights
yy, DILIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND
Slide 15: Standalone Financials Q2
Standalone Financials (₹ in Mn) Revenue from Operations EBITDA excl. other income Profit after Tax -10.30% -24.29% 7.77% Y-o-Y Highlights 24,270 21,769 2,935 2,222 1,197 1,290 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Revenue from Operations EBITDA excl. other income Profit after Tax Q-o-Q Hig
Slide 16: Standalone Financials H1 FY25 vs H1 FY24
Standalone Financials (₹ in Mn) Revenue from Operations EBITDA excl. other income Profit after Tax -9.94% H1 FY25 vs H1 FY24 -22.87% -13.10% 50,355 45,348 6,283 4,846 2,030 1,764 H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 www.dilipbuildcon.com | EARNINGS PRESENTATION Q2 FY25 | 15 |
Slide 17: Consolidated Financials Q2
Consolidated Financials (₹ in Mn) Revenue from Operations EBITDA excl. other income Profit after Tax -13.60% 46.68% 263.11% Y-o-Y Highlights 28,487 24,613 3,406 4,996 732 2,658 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Revenue from Operations EBITDA excl. other income Profit after Tax Q-o-Q Hi
Slide 18: Consolidated Financials H1FY25 vs H1FY24
Consolidated Financials (₹ in Mn) Revenue from Operations EBITDA excl. other income Profit after Tax -3.02% H1FY25 vs H1FY24 33.18% 374.39% 57,695 55,955 7,342 9,777 855 4,056 H1 FY24 H1 FY25 H1 FY24 H1 FY25 H1 FY24 H1 FY25 www.dilipbuildcon.com | EARNINGS PRESENTATION Q2 FY25 | 17 |
Slide 19: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement (₹ in Mn.) Particulars Q2 FY25 Q2 FY24 Y-o-Y% Q1 FY25 Q-o-Q% H1 FY25 H1 FY24 Y-o-Y% FY24 Revenue 21,769 24,270 -10.30% 23,579 -7.68% 45,348 50,355 -9.94% 1,05,373 Less:- Operating expenses 19,547 21,335 -8.38% 20,955 -6.72% 40,502 44,072 -8.10% 92,381 EBITDA excl.
Slide 20: Consolidated Profit & Loss
Consolidated Profit & Loss (₹ in Mn). Particulars Q2 FY25 Q2 FY24 Y-o-Y% Q1 FY25 Q-o-Q% H1 FY25 H1 FY24 Y-o-Y% FY24 Revenue from Operations 24,613 28,487 -13.60% 31,342 -21.47% 55,955 57,695 -3.02% 1,20,119 Add:- Other income 587 455 29.01% 202 190.59% 789 691 14.18% 1,442 Total Income 25,200 28,942
Slide 21: Standalone Balance Sheet
Standalone Balance Sheet (₹ in Mn). Particulars Sep’24 Jun’24 Mar’24 Particulars Sep’24 Jun’24 Mar’24 ASSETS EQUITY AND LIABILITIES Non-current assets Equity (a) Equity share capital 1,462 1,462 1,462 (a) Property, plant and equipment 9,951 10,639 11,195 (b) Other equity 52,155 50,956 50,403 (b) Cap
Slide 22: Standalone Cash Flow
Standalone Cash Flow (₹ in Mn). Particulars Q2 FY25 Q1 FY25 H1 FY25 Particulars Q2 FY25 Q1 FY25 H1 FY25 CASH FLOW FROM OPERATING ACTIVITIES CASH FLOW FROM INVESTING ACTIVITIES Net profit before tax as per Statement of Profit and Loss 1,444 801 2,245 Purchase of Fixed Assets (78) (384) (462) Adjustme
Slide 23: Quarterly - Net Working Capital Days
Quarterly - Net Working Capital Days 107 109 89 102 96 96 97 84 95 83 97 79 94 75 70 72 67 65 67 62 61 59 58 56 48 48 48 127 124 119 117 118 115 114 117 119 Sep'22 Dec'22 Mar'23 Jun'23 Sep'23 Dec'23 Mar'24 Jun'24 Sep'24 Debtor Days Inventory days Creditor Days Working Capital Days Net working capita
Slide 24: Quarterly – Net Debt to Equity Ratio
Quarterly – Net Debt to Equity Ratio (₹ in Mn.) 0.61 0.58 0.52 0.51 0.43 0.42 0.43 0.48 0.48 0.36 0.44 0.42 0.29 0.40 0.38 0.38 0.32 0.25 0.13 0.1 0.09 0.08 0.05 0.04 0.04 0.04 0.03 Sep'22 Dec'22 Mar'23 Jun'23 Sep'23 Dec'23 Mar'24 Jun'24 Sep'24 Net Debt/Equity Equipment Debt/Equity Working Capital D
Slide 25: Mine Development and Operator (MDO)-Business Update
Mine Development and Operator (MDO)-Business Update
Slide 26: MDO Business- ₹ 957,000 Mn
MDO - Business MDO Business- ₹ 957,000 Mn* Mine Development and Operator (MDO) Block Name Concession Coal Production Balance Pachhwara Central Coal tenure,Peak Contract Mine MDO (7 MMT PA) Capacity & Total Price Coal Reserves - 382.81 MMT Qty Contracted Actual/Planne Year Coal d Coal Production Prod
Slide 27: MDO - Performance
MDO - Performance Siarmal MDO Production Unit Q2 FY25 Q1 FY25 H1FY25 FY23-24 Over Burden Removal MN.BCM 3.11 4.49 7.60 9.14 Coal Production MMT 4.17 3.23 7.40 7.24 Pachhwara MDO Production Unit Q2 FY25 Q1 FY25 H1FY25 FY 23-24 Over Burden Removal MN.BCM 1.50 1.81 3.31 3.11 Coal Production MMT 1.33 1.
Slide 28: Equity and Divestment Tracker
Equity and Divestment Tracker
Slide 29: Equity and Divestment Tracker
Equity and Divestment Tracker ₹ in Mn. Equity Invested Total (Equity+USL+NCD) Upto Sep-24 Balance Equity H2 FY 25 FY 26 FY 27 FY 28 -FY 30 Equity Particulars Require Total Projected Projected Projected Projected Required ment Equity DBL DBL DBL Divested to DBL Infra Assets Infratech Infra Venture In
Slide 30: 8-HAM Projects
8-HAM Projects Sr. No Project Name PCOD Status NHAI NOC Status Divestment Status 1 Dodaballapur- Hoskote Highways Private Limited Received Received 26% divested to Alpha 2 Repallewada Highways Limited Received Received 26% divested to Alpha 3 Dhrol Bhadra Highways Limited Received Received 26% dives
Slide 31: 10-HAM Projects
10- HAM Projects Sr. No Project Name Appointed Date Expected COD 1 Bangarupalem Gudipala Highways Limited 04.10.2022 31.03.2025 2 Sannur Bikarnakette Highways Limited 10.10.2022 30.06.2025 3 Raipur-Visakhapatnam-CG-2 Highways Limited 09.01.2023 31.03.2025 4 Maradgi S Andola-Baswantpur Highways Limit
Slide 32: New HAM
New HAM Sr. No Project Name Appointed Date 1 Dharmapuri - Salem Thoppur Ghat Limited Awaited www.dilipbuildcon.com | EARNINGS PRESENTATION Q2 FY25 | 31 |
Slide 33: Status of Divestment - HAM Projects to Shrem InvIT
Status of Divestment - 10 HAM Projects to Shrem InvIT During December 22, DBL Group signed definitive agreements with Shrem InvIT for divestment of 10 HAM Projects for a Valuation of ₹ 23,490 Mn 10 Projects Divested With Final Valuation ₹ 22,136 Mn 1 Project 51% equity shareholding transferred Again
Slide 34: Strategic Partnership with Alpha Alternatives
Strategic Partnership with Alpha Alternatives
Slide 35: Long-term strategic partnership with Alpha Alternatives
Dilip Buildcon Ltd - Long-term strategic partnership with Alpha Alternatives Key Terms of strategic partnership • Dilip Buildcon Limited (DBL) entering into a long-term strategic partnership in Nov-23 with Alpha Alternatives (AA) for construction, financing and monetization of road projects through
Slide 36: DBL- AA Partnership Update-Till Date
DBL- AA Partnership Update-Till Date • 10% stake in DBL through preferential allotment of warrants • AA with its associates invested ₹ 1,331.20 Mn in DBL on December 21, 2023 towards subscription of equity warrants of 1,62,29,862 (25% the total consideration payable). • Balance 75% of the total cons
Slide 37: Key Projects Update
DILIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND Key Projects Update
Slide 38: Key Project Progress - HAM Projects
Key Project Progress - HAM Projects Payment Milestone (Grant) % of work done as on Sr. No Project Name Appointed Date Achieved 30.09.2024 1 DBL Poondiyankuppam Highways Limited* 10th PM, 90% Physical Progress 15.11.2021 96.93 2 Bangarupalem Gudipala Highways Limited 9th PM, 80% Physical Progress 04.
Slide 39: Key Project Progress - EPC Projects
Key Project Progress - EPC Projects ₹ in Mn. Metro Outstanding Order Book Schedule Date of Project Name Contract Value LOA Date Date of Start as on 30.09.2024 Completion with EOT Bhopal Metro 2,206 166 Oct-18 Nov-18 Dec-24 Indore Metro 2,044 128 Oct-18 Dec-18 Dec-24 Surat Metro Rail Project, Phase-1
Slide 40: Key Project Progress - EPC Projects
Key Project Progress - EPC Projects ₹ in Mn. Special Bridge Outstanding Order Book Schedule Date of Project Name Contract Value LOA Date Date of Start as on 30.09.2024 Completion with EOT Extra-dosed bridge across Sharavathi backwaters 3,215 13 Jul-19 Dec-19 Mar-25 Sahibganj Bypass including Ganga B
Slide 41: Company Overview
DILIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND.
Slide 42: DBL - Overview
DBL - Overview Pan India presence 20 states Largest employer in construction & 1 Union Territory industry 23,322 employees Largest owner of construction Diversified orderbook of equipment’s 10,206 ₹173,554 from 8 verticals No subcontracting, vertically Early completion bonus integrated and use of te
Slide 43: DBL - Journey
DBL - Journey The Company continued Dilip Suryavanshi, a its expansion pace, young civil engineer wining its first EPC Company expanded into started Dilip Builders as Converted to a private project worth Rs.10,810 the Irrigation development a proprietorship firm First backward limited company to ful
Slide 44: DBL - Journey
DBL - Journey Completed IPO oversubscribed by 22 14 projects worth Completed 12 projects times, making it the most Forays into airport Rs.1,05,445 Mn which is worth Rs. 81,599 Mn in successful EPC issuance in highest completion in a 8 states despite several Crossed Net Worth development segment. Of
Slide 45: Backward Integration
Backward Integration To further support our in-house execution, we have setup our own manufacturing units, which make the highest quality road furniture / material needed for our business. It helps us control costs and timelines. Octagonal Poles Pipe Rolling Metal Beam Crash Barrier Road Marking Pai
Slide 46: Leadership Team
Leadership Team Mr. Dilip Suryavanshi Mr. Devendra Jain Chairman and MD MD & CEO Dilip Suryavanshi is the Chairman and Managing Devendra Jain is a Managing Director and Chief Director of our Company. He holds a bachelors degree Executive Officer of our Company. He holds a in civil engineering from t
Slide 47: Leadership Team
Leadership Team Rohan Suryavanshi Sanjay Bansal Head – Strategy & Planning Chief Financial Officer Rohan Suryavanshi joined DBL in 2007. Sanjay Kumar Bansal, 48 years of age, He holds a BA (Hons) in Commerce joined DBL in 2022. He is a Chartered from the University of Pune and an MBA Accountant and
Slide 48: Disclaimer
Disclaimer This presentation contains certain forward-looking statements regarding DBL's future business prospects and profitability. These statements are subject to a number of risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking s
Slide 49: Thank You
Thank You Dilip Buildcon Limited S-Ancial Technologies Pvt. Ltd. Mr. Gautam Jain Ms. Jill Chandrani Registered Office : Plot No. 5, Inside Govind Narayan Singh Gate, Chuna Bhatti, Contact No : +91 75060 23955 Kolar Road, Bhopal Madhya Pradesh - 462 016 E-mail : jill@s-ancial.com L45201MP2006PLC01868