Ashoka Buildcon Limited · NSE:ASHOKA
Ashoka Buildcon — Q2 FY2021 Earnings Presentation
19 slides from Ashoka Buildcon's earnings presentation, Nov 12, 2020
Slide 1: Cover letter to stock exchanges: Result Update Presentation
ASHOK,1 Ashoka Buildcon Limited To, To, The Manager, The Manager, The Department of Corporate Services The Listing Department Bombay Stock Exchange Limited National Stock Exchange of India Limited Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Murnbai —400001 Bandra (Eas
Slide 2: Result Update Presentation Q2FY21
Developing Infrastructure for Better Tomorrow Developing Infrastructure for Better Tomorrow RESULT UPDATE RESULT UPDATE PRESENTATION | Q2FY21 PRESENTATION | Q3FY19
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Ashoka Buildcon Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securi
Slide 4: Key Developments
Key Developments Revenue (Rs Mn) Receipt of LOA for 2 NHAI projects worth Rs. 13,900 Mn under Bharatmala Pariyojna Phase-I in Bihar under EPC mode Package – I consists of four laning of Arrah to Pararia section of NH-319(old NH-30) from Km 0+000 to Km 9,273 54+530 on Design Chainage 8,615 Packag
Slide 5: Standalone Profitability Highlights (as per IND-AS)
Standalone Profitability Highlights (as per IND-AS) Rs mn Q2 FY21 Q2 FY20 Y-o-Y(%) Q1 FY21 Q-o-Q(%) H1 FY21 H1 FY20 Y-o-Y(%) Total Income from Operations 8,775 8,223 5,724 14,499 16,991 Other Income 498 392 483 982 734 Revenue 9,273 8,615 7.6% 6,207 49.4% 15,480 17,725 -12.7% Operating Expenses 7,46
Slide 6: Standalone Balance Sheet (as per IND-AS)
Standalone Balance Sheet (as per IND-AS) Rs mn Sep-20 Mar-20 Rs mn Sep-20 Mar-20 Shareholder’s Fund 27,728 25,989 Non-current assets 30,337 29,173 Share capital 1,404 1,404 Fixed assets 3,262 3,586 Reserves & Surplus 26,325 24,586 Investments 14,317 14,112 Other Non-current assets 12,758 11,475 Non-
Slide 7: Consolidated Profitability Highlights (as per IND-AS)
Consolidated Profitability Highlights (as per IND-AS) Rs mn Q2 FY21 Q2 FY20 Y-o-Y(%) Q1 FY21 Q-o-Q(%) H1 FY21 H1 FY20 Y-o-Y(%) Total Income from Operations 11,893 10,378 7,613 19,506 22,059 Other Income 287 152 312 599 339 REVENUE 12,180 10,530 15.7% 7,925 53.7% 20,105 22,398 -10.2% Operating Expens
Slide 8: Consolidated Balance Sheet (as per IND-AS)
Consolidated Balance Sheet (as per IND-AS) Rs mn Sep-20 Mar-20 Rs mn Sep-20 Mar-20 Shareholder’s Fund 4,595 4,143 Non-current assets 1,00,612 1,01,409 Share capital 1,404 1,404 Fixed assets 76,874 77,699 Reserves & Surplus 3,192 2,739 Other Non-current assets 23,738 23,710 Non-Controlling Interest 1
Slide 9: Debt Profile as of September 2020
Debt Profile as of September 2020 Consolidated Debt (Rs. Mn) Consolidated Cash & Bank Balance (Rs. Mn) Project Debt incl. ACL NCD Standalone Debt Standalone Cash & Bank Balace 57,581 55,807 56,433 7,544 3,996 2,385 2,240 5,059 4,808 53,585 53,422 54,193 2,911 1,795 1,024 Mar'20 Jun'20 Sep'20 Mar'20
Slide 10: EPC Business Highlights
ASHOKA EPC BUSINESS HIGHLIGHTS
Slide 11: EPC order backlog of Rs. 93 bn, 2.3x FY20 Revenue
EPC order backlog of Rs. 93 bn, 2.3x FY20 Revenue Order backlog of Rs 93 bn as on 30th Sep, 2020 Segment Rs. Mn Segment Rs. Mn Roads 75,701 HAM 43,233 Others 17,299 HAM: Tumkur-ShivamogaIV, Karnataka 8,544 Power T&D & Others 9,052 HAM: Tumkur - Shivamoga II, Karnataka 6,685 HAM: Tumkur-Shivamoga III
Slide 12: Order Book Break-up (As on September 30, 2020)
Order Book- Break-up (As on September 30, 2020) Robust Order Book Order Book Break-up (%) 0.5% 8.4% 93,000 86,168 9.7% 83,792 80,924 74,855 46.5% 34.9% Sep'19 Dec'19 Mar'20 Jun'20 Sep'20 Road HAM Road EPC Power T&D & Others Railways CGD Figures in Rs Mn 11
Slide 13: EPC business financial performance
EPC business financial performance Figures in Rs Mn Revenue# EBITDA and EBITDA Margin 15% 15% 16% 18% 20% 39,363 40,824 7,306 6,309 25,461 20,852 15,480 3,912 3,146 3,110 FY17 FY18 FY19 FY20 H1FY21 FY17 FY18 FY19 FY20 H1FY21 PAT and PAT Margin Order Book 8% 9% 7% 9% 11% 93,000 83,940 83,792 70,047 3
Slide 14: Development Business
ASHOKA DEVELOPMENT BUSINESS
Slide 15: Gross toll collection
Gross toll collection (Rs. Mn) Q2 FY 21 Q2 FY 20 Y-o-Y (%) Q1 FY 21^ Q-o-Q (%) ACL BOT Projects Belgaum Dharwad 201.2 212.5 -5.3% 117.6 71.1% Dhankuni - Kharagpur 933.1 915.1 2.0% 536.2 74.0% Bhandara 179.0 168.3 6.3% 117.2 52.8% Durg 196.9 190.3 3.4% 130.6 50.7% Jaora - Nayagaon 424.4 432.4 -1.9% 2
Slide 16: Toll collection: ACL projects
Toll collection: ACL projects Figures in Rs Mn Company Ashoka Belgaum Dharwad Tollway Ltd. Company Ashoka Dhankuni Karagpur Tollway Ltd. Rs. Million Rs. Million Project Belgaum Dharwad Project Project Dhankuni Karagpur Project Period 2018-19 2019-20 2020-21 % rise Period 2018-19 2019-20 2020-21 % ri
Slide 17: Toll collection: ACL projects
Toll collection: ACL projects Figures in Rs Mn Company Jaora - Nayagaon Toll Road Company Pvt Ltd. Rs. Million Project Jaora – Nayagaon Road Project Period 2018-19 2019-20 2020-21 % rise April-June 516.4 459.8 225.3 -51.0% July-Sept 516.4 432.4 424.4 -1.9% Oct-Dec 497.4 438.6 - - Jan-Mar 489.7 423.5
Slide 18: Toll collection: ABL owned projects
Toll collection: ABL owned projects Figures in Rs Mn Company Abhijeet Ashoka Infrastructure Pvt. Ltd. Ashoka DSC Katni Bypass Road Ltd. Project Wainganga Bridge Katni Road Project Period 2018-19 2019-20 2020-21 % rise 2018-19 2019-20 2020-21 % rise April-June 74.7 76.5 48.7 -36.3% 58.1 59.9 46.6 -22
Slide 19: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Ashoka Buildcon Ltd. Stellar IR Advisors Pvt. Ltd. Mr. Paresh Mehta Mr. Gaurang Vasani / Ms. Hina Agarwal paresh.mehta@ashokabuildcon.com vgaurang@stellar-ir.com / hina@stellar-ir.com CIN : L45200MH1993PLC071970 CIN : U