Dilip Buildcon Ltd. · NSE:DBL
Dilip Buildcon — Q1 FY24 Earnings Presentation
40 slides from Dilip Buildcon's earnings presentation, Aug 4, 2023
Slide 1: Exchange intimation letter: Investor Presentation
Date: August 04, 2023 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 regula
Slide 2: Earnings Presentation Q1FY24
Dilip Buildcon Limited EARNINGS PRESENTATION Q1FY24 1
Slide 3: Table of Content
Table of Content 03 Business Highlights 15 Standalone Financial Highlights 22 Consolidated Financial Highlights 24 Divestment & Equity Investment Tracker 27 Key Projects Update 32 Company Overview
Slide 4: Business Highlights
Business Highlights
Slide 5: Business Highlights
Business Highlights WON 1 NEW PROJECT COMPLETION (COD) DIVESTMENT STATUS WORTH ₹ 6,990 Mn OF PROJECTS WORTH ₹ 17,657 Mn Shrem InvIT: 100% equity Won 1 project worth stake divested in 7 HAM ₹ 6,990 Mn in the state of Completed 2 HAM road projects and 49% equity stake Madhya Pradesh for Irrigation Pro
Slide 6: 1 New Project Won in Q1 FY24 worth ₹ 6,990 Mn
(₹ mn) 1 New Project Won in Q1 FY24 worth ₹ 6,990 Mn Contract Value Period in which Sector Wise New Orders Project Name Type State Name of Employer excluding GST order won Malhargarh Pressurized Micro Lift Madhya Water Resource Irrigation 6,990 Q1 major Irrigation Project Pradesh Department 100% Irr
Slide 7: Projects completed as on date
(₹ mn) Projects completed as on date Scheduled Date of Actual Early Name of Type of EPC Cost Project Name State Completion including EOT Completion Completion the Employer Work excluding GST (Extension of Time) Date Days NHAI Pathrapali-Kathghora Package II Chhattisgarh HAM 4,877 01.08.2023 16.06.20
Slide 8: Order Book – Business Division & Contract Type Wise
(₹ mn) Order Book – Business Division & Contract Type Wise as on 30th June 2023 Business Wise Contract type Wise Tunnel, Special Bridge, ₹ 17,604 , 7% ₹ 5,838 , 3% Road, Metro, ₹ 89,316 , 37% ₹ 13,647 , 6% HAM, 36.7% Mining, ₹ 43,428 , 18% EPC, 63.3% Water Supply, ₹ 29,884 , 12% Irrigation, ₹ 40,792
Slide 9: Order Book – Business Division Wise as on 30th June 2023
Order Book – Business Division Wise as on 30th June 2023 Order Book – ₹ 2,40,509 Mn ROADS & HIGHWAYS METRO ₹ 89,316 Mn ₹ 13,647 Mn 37.14% 5.67% IRRIGATION WATER SUPPLY ₹ 40,792 Mn ₹ 29,884 Mn 16.96% 12.43% 8 EARNINGS PRESENTATION Q1FY24
Slide 10: Order Book – Business Division Wise as on 30th June 2023
Order Book – Business Division Wise as on 30th June 2023 TUNNEL MINING ₹ 17,604 Mn ₹ 43,428 Mn 7.32% 18.06% AIRPORT SPECIAL BRIDGES Nil ₹ 5,838 Mn 2.43% 9 EARNINGS PRESENTATION Q1FY24
Slide 11: Order Book – Yearly Trend
(₹ mn) Order Book – Yearly Trend 2,74,114 2,55,945 2,53,950 2,38,881 2,40,509 2,11,718 1,90,816 FY18 FY19 FY20 FY21 FY22 FY23 30-Jun-23 10 EARNINGS PRESENTATION Q1FY24
Slide 12: Order Book – Geography-wise as on 30th June 2023
Order Book – Geography-wise as on 30th June,2023 (₹ mn) Completed Ongoing Ongoing % to total ongoing State Order book contract value contract value order book order book Madhya Pradesh 1,29,288 85,438 64,576 26.85% Gujarat 9,589 62,551 37,668 15.66% Jharkhand 16,128 46,897 34,263 14.26% Andhra Prade
Slide 13: HAM Portfolio (1/3)
(₹ mn) HAM Portfolio (1/3) Sr no. Particulars Bid project cost Remarks ➢ 16 HAM projects 100% divested to Shrem InvIT and Cube Highways 1 19 HAM projects divested or under-divestment 2,42,649 ➢ 3 HAM projects under-divestment ➢ 14 HAM projects under-construction 2 18 HAM projects under-construction
Slide 14: HAM Portfolio (2/3)
HAM Portfolio (2/3) (₹ mn) Sr. No Project Name LOA Date Bid Project Cost Status Remarks 1 DBL Lucknow Sultanpur Highways Limited 09-Aug-16 20,160 Completed Divested to Shrem Group 2 DBL Kalmath Zarap Highways Limited 25-Nov-16 9,140 Completed Divested to Shrem Group 3 DBL Tuljapur Ausa Highways Limi
Slide 15: HAM Portfolio (3/3)
HAM Portfolio (3/3) (₹ mn) Sr. No Project Name LOA Date Bid Project Cost Status Remarks 20 Dodaballapur- Hoskote Highways Private Limited 26-Aug-20 12,780 Under-construction - 21 Repallewada Highways Limited 14-Sep-20 11,405 Under-construction - 22 Narenpur Purnea Highways Private Limited 09-Sep-20
Slide 16: Standalone Financial Highlights
Standalone Financial Highlights
Slide 17: Standalone Results Summary – Q1FY24 vis-à-vis Q1FY23
Standalone Results Summary – Q1FY24 vis-à-vis Q1FY23 (₹ mn) Revenue from Operations EBITDA excl. other income Profit after Tax -1% 63% 321% 26,215 26,084 2,054 3,348 198 834 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Q1FY23 Q1FY24 Roads, Special- Metros, Airports, Irrigation Mining Bridges & Tunnels Urban & Water
Slide 18: Standalone Results Update
Standalone Results Update (₹ mn) Particulars Q1FY24 Q1FY23 Q4FY23 Q-o-Q (%) FY23 FY22 Y-o-Y (%) Revenue 26,085 26,215 28,573 -0.50% 1,01,195 90,061 12% Operating expenses 22,737 24,161 25,853 -6% 91,311 82,525 11% EBITDA excl. other income 3,348 2,054 2,720 63% 9,884 7,536 31% EBITDA Margin (%) 12.8
Slide 19: Standalone Balance Sheet
Standalone Balance Sheet (₹ mn) Particulars Jun’23 Mar’23 Jun’22 Particulars Jun’23 Mar’23 Jun’22 ASSETS EQUITY AND LIABILITIES Non-current assets Equity (a) Property, plant and equipment 12,691 13,252 15,540 (a) Equity share capital 1,462 1,462 1,462 (b) Capital work in progress - - 9 (b) Other equ
Slide 20: Standalone Cash Flow
Standalone Cash Flow (₹ mn) Particulars Q1FY24 Particulars Q1FY24 CASH FLOW FROM OPERATING ACTIVITIES CASH FLOW FROM INVESTING ACTIVITIES Net profit before tax as per Statement of Profit and Loss 1,232 Purchase of Fixed Assets (382) Adjustments for: Sale of Fixed Assets 130 Depreciation 927 Expendit
Slide 21: Net Working Capital Days – Quarterly
Net Working Capital Days – Quarterly 114 107 104 102 100 101 100 96 107 109 93 90 89 89 97 96 82 82 94 91 79 86 75 80 82 80 70 75 69 69 71 66 66 67 63 63 60 59 58 59 58 57 55 51 50 49 49 47 48 44 42 86 91 89 100 105 104 121 106 111 113 121 120 126 127 124 119 117 June'19 Sep'19 Dec'19 Mar'20 June'20
Slide 22: Net Debt To Equity Ratio – Quarterly
Net Debt To Equity Ratio – Quarterly (Working Capital & Equipment Debt) (₹ mn) 0.92 0.9 0.9 0.79 0.76 0.73 0.73 0.66 0.63 0.61 0.58 0.52 0.51 0.58 0.6 0.57 0.54 0.53 0.53 0.51 0.51 0.46 0.48 0.48 0.44 0.42 0.35 0.32 0.3 0.25 0.23 0.22 0.2 0.17 0.15 0.13 0.1 0.08 0.09 June'20 Sep'20 Dec'20 Mar'21 Jun
Slide 23: Consolidated Financial Highlights
Consolidated Financial Highlights
Slide 24: Consolidated Profit & Loss
Consolidated Profit & Loss (₹ mn) Particulars Q1FY24 Q4FY23 Q1Y23 FY23 FY22 Revenue from Operations 29,208 28,411 28,844 1,06,436 95,664 Other income 235 103 219 680 384 Total Income 29,443 28,514 29,062 1,07,116 96,048 Expenses Cost of materials consumed 23,347 25,669 25,693 93,102 82,710 Changes i
Slide 25: Divestment & Equity Investment Tracker
Divestment & Equity Investment Tracker
Slide 26: Divestment Status of 10 HAM projects to Shrem InvIT
2 Projects 51% equity Divestment Status of 10 HAM shareholding & 1 Project projects to Shrem invIT 49% equity shareholding transferred and received Rs.2,046 mn During March 22, DBL Group signed definitive agreements with Shrem InvIT for divestment of 10 HAM Projects for a Valuation of ₹ 23,490 mn 1
Slide 27: Equity Investment Tracker for HAM & Coal Projects
Equity Investment Tracker for HAM & Coal Projects (₹ mn) Actual FY 23-24 FY 24-25 FY 25-26 FY 26-27 Particulars Requirement Invested Projected Projected Projected Projected Till Q1-24 Q2-Q4 Investment in 18 HAM Projects** 22,257* 9,978* 5,030 4,370 2,653 226 Investment for Siarmal Coal Project *** 5
Slide 28: Key Projects Update
Key Projects Update
Slide 29: Hybrid Road Projects – Progress
Hybrid Road Projects – Progress % of work done as on Sr. No Project Name Payment Milestone (Grant) Achieved Appointed Date 30.06.2023 1 Dodaballapur- Hoskote Highways Private Limited 5th PM, 90% Physical Progress 22.02.2021 94.70 2 Repallewada Highways Limited 4th PM, 75% Physical Progress 01.03.202
Slide 30: Hybrid Road Projects – Progress
Hybrid Road Projects – Progress % of work done as on Sr. No Project Name Payment Milestone (Grant) Achieved Appointed Date 30.06.2023 12 Maradgi S Andola-Baswantpur Highways Limited - 24.04.2023 4.55 13 Mehgama-Hansdiha Highways Limited - 09.05.2023 1.32 14 Karimnagar-Warangal Highways Limited - 18.
Slide 31: Key Road, Special Bridge, Tunnel and Irrigation Projects
Key Road, Special Bridge, Tunnel and Irrigation Projects (₹ mn) Road Contract Outstanding Order Book Schedule Date of Project Name LOA Date Date of Start Value as on 30.06.2023 Completion with EOT Gorakhpur Link Expressway Project, Package-II 12,500 1,113 Nov-19 Jun-20 Mar-24 Special Bridge Contract
Slide 32: Key Metro, Airport, Water Supply and Mining Projects
Key Metro, Airport, Water Supply and Mining Projects (₹ mn) Metro Contract Outstanding Order Book Schedule Date of Project Name LOA Date Date of Start Value as on 30.06.2023 Completion with EOT Bhopal Metro 2,206 281 Oct-18 Nov-18 Oct-23 Indore Metro 2,044 454 Oct-18 Dec-18 Aug-23 Surat Metro Rail P
Slide 33: Company Overview
Company Overview
Slide 34: Overview
Overview Pan India presence 19 states Largest employer in construction & 1 Union Territory industry 26,272 employees Largest owner of construction Diversified areas of expertise Roads, special bridges, tunnels, equipments 10,100 metros, airports, irrigation & mining No subcontracting, vertically Ear
Slide 35: Our Journey
Our Journey As part of its strategy to After seeing years of high improve its profitability and growth, Dilip Buildcon is born The Company continues its After building roads in multiple Dilip Suryavanshi, a young ensure predictable supply of when the proprietorship firm expansion pace, wining its ge
Slide 36: Our Journey
Our Journey The Company goes public and the issue is oversubscribed by 22 times, making it the most Forays into airport Completed 14 projects worth Completed 12 projects successful EPC issuance in development segment. Rs.1,05,445 mn, which is worth Rs. 81,599 Million almost a decade Total Order book
Slide 37: 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. Metal Beam Octagonal Poles Pipe Rolling Crash Barrier Road Marking Bea
Slide 38: 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 Executive Officer of our Company. He holds a degree in civil engineering from t
Slide 39: Leadership Team
Leadership Team Bharat Singh Rohan Suryavanshi Karan Suryavanshi Sanjay Bansal President Head – Strategy and Planning Head – Business Development Chief Financial Officer Bharat Singh joined Dilip Builders in Rohan Suryavanshi joined DBL in 2007. Karan Suryavanshi joined DBL in 2010. Sanjay Kumar Ban
Slide 40: Thank You
THANK YOU Dilip Buildcon Limited Plot No. 5, Inside Govind Narayan Singh Gate, Chuna Bhatti, Kolar Road, Bhopal Madhya Pradesh - 462 016 0755 - 4029999 / 0755 - 4029998 db@dilipbuildcon.co.in L45201MP2006PLC018689 Rahul Kundnani / Jill Chandrani Contact No : +91 99207 36497 / +91 75060 23955 215, Sh