Dilip Buildcon Ltd. · NSE:DBL
Dilip Buildcon — Q3 FY23 Earnings Presentation
38 slides from Dilip Buildcon's earnings presentation, Feb 10, 2023
Slide 1: Dilip Buildcon Limited – Investor Presentation Filing Letter
DILIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND Date: February 10,2023 fo 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
Slide 2: Earnings Presentation Q3FY23
Dilip Buildcon EARNINGS Limited PRESENTATION Q3FY23
Slide 3: Table of Content
Table of Content 03 14 22 Business Highlights Standalone Financial Consolidated Highlights Financial Highlights 24 27 32 Divestment & Equity Key Projects Update Company Overview Investment Tracker
Slide 4: Business Highlights
~ N Business Highlights
Slide 5: Business Highlights – Year to date
Business Highlights – Year to date • Won 9 projects worth ₹ 1,01,380 mn in the state of Won new projects Jharkhand, Gujarat, Madhya Pradesh and Andhra worth ₹ 1,01,380 mn Pradesh across 3 sectors viz. road, metro and water supply Completion (COD) of • Completed 2 EPC & 3 HAM road projects and 1 tunn
Slide 6: New Projects Won in FY23 worth ₹ 1,01,380 mn
9 New Projects Won in FY23 worth ₹ 1,01,380 mn (₹ mn) Period Contract in Value Project Name Type State Name of Employer which excluding GST order Sector Wise New Orders won National Highway Water Supply Mehgama-Hansdiha Road Jharkhand 9,760* Q1 ₹ 33,470 Road Authority of India 33% ₹ 43,046 National
Slide 7: Order Book – Business Division Wise as on date
Order Book – Business Division Wise as on date (₹ mn) Tunnel Water Supply ₹ 20,327 ₹ 32,314 7.66% 12.18% Special Bridge ₹ 8,263 3.11% Metro ₹ 15,394 5.80% Roads ₹ 1,04,795 39.49% Irrigation ₹ 38,027 14.33% Mining ₹ 46,265 Total order book - ₹ 2,65,385 * mn 17.43% * Including orders won during Q4FY23
Slide 8: Order Book – Business Division Wise as on date
Order Book – Business Division Wise as on date As on date - Order Book – ₹ 2,65,385 mn* ROADS & HIGHWAYS METRO IRRIGATION WATER SUPPLY ₹ 1,04,795 mn - 39.49% ₹ 15,394 mn - 5.80% ₹ 38,027 mn - 14.33% ₹ 32,314 mn - 12.18% TUNNEL MINING AIRPORT SPECIAL BRIDGES ₹ 20,327 mn - 7.66% ₹ 46,265 mn - 17.43% N
Slide 9: Order Book – Year-wise Trend
Order Book – Year-wise Trend 3,00,000 (₹ mn) 2,74,114 2,63,375 2,65,385 * 2,55,945 2,51,602 2,38,881 2,50,000 2,11,718 2,00,000 1,90,816 1,75,683 1,50,000 1,00,000 50,000 0 FY17 FY18 FY19 FY20 FY21 FY22 Q1FY23 Q2FY23 As on date * Including orders won during Q4FY23 Earnings Presentation Previous 8 Ne
Slide 10: Order Book – Geography-wise as on date
Order Book – Geography-wise as on date (₹ mn) % to total Completed Ongoing Ongoing Order book as on date State Contract Value Contract Value Order Book Ongoing Order Book Madhya Pradesh 1,29,288 78,447 62,472 23.54% Gujarat 9,589 62,551 44,473 16.76% Karnataka, Bihar, Himachal Pradesh, Odisha, Jhark
Slide 11: Projects completed during FY23
Projects completed during FY23 (₹ mn) Scheduled Date Name EPC Cost of Completion Actual Early Type of of the Project Name State excluding including Completion Completion Work Employer GST EOT (Extension of Date Days Time) Sangli-Solapur (Package I: Sangli to NHAI Maharashtra HAM 7,190 19.06.2022 25.
Slide 12: HAM Portfolio (1/3)
HAM Portfolio (1/3) (₹ mn) Sr. Bid Project Particulars Remarks No. Cost • 13 HAM projects divested 1 19 HAM projects divested or under-divestment 2,42,649 • 6 HAM projects under-divestment • 11 HAM projects under-construction 2 17 HAM projects under-construction 2,08,781 • 6 HAM projects – Financial
Slide 13: 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 14: HAM Portfolio (3/3)
HAM Portfolio (3/3) (₹ mn) Sr. Bid Project Project Name LOA Date Status Remarks No Cost 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 15: Standalone Financial Highlights
Standalone Financial Highlights
Slide 16: Standalone Results Summary – Q3FY23 vis-à-vis Q3FY22
Standalone Results Summary – Q3FY23 vis-à-vis Q3FY22 (₹ mn) Revenue from Operations EBITDA excl. other income Profit after Tax 4,00 0 8% 21,976 23,788 795 2,497 182% 3869% 63 - (967) Q3FY22 Q3FY23 Q3FY22 Q3FY23 Q3FY22 Q3FY23 Roads, Special- Irrigation Metros, Airports Mining Bridges & 6% 245% & Wate
Slide 17: Standalone Results Summary – 9MFY23 vis-à-vis 9MFY22
Standalone Results Summary – 9MFY23 vis-à-vis 9MFY22 (₹ mn) Revenue from Operations EBITDA excl. other income Profit after Tax 12% 39% 72,622 7,164 65,000 1,635 8,00 0 5,168 284% 4,00 0 - (890) 9MFY22 9MFY23 9MFY22 9MFY23 9MFY22 9MFY23 Roads, Special- Irrigation Metros, Airports Mining Bridges & 2%
Slide 18: Standalone Results Update
Standalone Results Update (₹ mn) Particulars Q3FY23 Q2FY23 Q3FY22 Y-o-Y (%) 9MFY23 9MFY22 Y-o-Y (%) Revenue 23,788 22,619 21,976 8.25% 72,622 65,000 11.73% Operating expenses 21,291 20,006 21,913 -2.84% 65,458 59,832 9.40% EBITDA excl. other income 2,497 2,613 63 3868.55% 7,164 5,168 38.63% EBITDA M
Slide 19: Standalone Balance Sheet
Standalone Balance Sheet (₹ mn) Particulars Dec’22 Sep’22 Mar’22 Particulars Dec’22 Sep’22 Mar’22 ASSETS EQUITY AND LIABILITIES Non-current assets Equity (a) Property, plant and equipment 13,925 14,718 16,448 (a) Equity share capital 1,462 1,462 1,462 (b) Capital work in progress - 22 - (b) Other eq
Slide 20: Standalone Cash Flow
Standalone Cash Flow (₹ mn) Particulars Q3FY23 H1FY23 9MFY23 Particulars Q3FY23 H1FY23 9MFY23 CASH FLOW FROM OPERATING ACTIVITIES CASH FLOW FROM INVESTMENT ACTIVITIES Net profit before tax as per Statement of Profit 962 1,052 2,014 and Loss Purchase of Fixed Assets (282) (272) (554) Adjustments for:
Slide 21: Net Working Capital Days – Quarterly
Net Working Capital Days – Quarterly 160 140 120 114 107 104 102 100 101 100 100 96 93 97 96 90 89 89 94 87 91 83 82 86 82 79 80 80 82 80 75 69 69 69 71 66 66 63 63 60 60 59 58 59 55 56 57 55 49 51 50 49 49 47 48 44 42 40 20 102 95 86 91 89 100 105 104 121 106 111 113 121 120 126 127 124 0 Dec'18 Ma
Slide 22: Net Debt To Equity Ratio – Quarterly
Net Debt To Equity Ratio – Quarterly (Working Capital & Equipment Debt) Net Debt/Equity Equipment Debt/Equity Working Capital Debt/Equity 0.57 0.58 0.60 0.48 0.45 0.54 0.53 0.51 0.53 0.51 0.39 0.35 0.46 0.32 0.30 0.48 0.36 0.48 0.25 0.23 0.22 0.20 0.17 0.15 0.90 0.13 0.92 0.90 0.10 0.87 0.81 0.79 0.
Slide 23: Consolidated Financial Highlights
Consolidated Financial Highlights
Slide 24: Consolidated Profit & Loss
Consolidated Profit & Loss (₹ mn) Particulars Q3FY23 Q2FY23 Q3FY22 9MFY23 9MFY22 Revenue from Operations 23,224 25,958 22,455 78,026 69,027 Other income 285 73 134 576 332 Total Income 23,509 26,031 22,589 78,602 69,359 Expenses Cost of materials consumed 20,294 21,446 20,472 67,433 59,709 Changes i
Slide 25: Divestment & Equity Investment Tracker
Divestment & Equity Investment Tracker
Slide 26: Divestment of Road Assets
Divestment of Road Assets Signed deal with Shrem InvIT in Mar-2022 for divestment of 10 HAM Projects for a Valuation of ₹ 23,490 mn The company committed 13 HAM Assets for Divestment to 4 Projects Divested in Nov 2022- Final Valuation ₹ 6,674 mn Cube -3 & Shrem InvIT-10 against investment of ₹ 4,550
Slide 27: Equity Investment Tracker for HAM & Coal Projects
Equity Investment Tracker for HAM & Coal Projects (₹ mn) FY 26-27 to Actual Invested Q4 22-23 FY 23-24 FY 24-25 FY 25-26 Particulars Requirement FY 28-29 Till Dec-22 Projected Projected Projected Projected Projected Investment in 21 HAM Projects @ 30,471 16,545 2,625 6,573 2,983 1,745 - Investment f
Slide 28: Key Projects Update
~ N 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 31.01.2023 1 DBL Byrapura Challakere Highways Private Limited * PCOD achieved on 15.12.2020 31.12.2018 100.00 2 DBL Chandikhole Bhadrak Highways Limited * PCOD achieved on 24.07
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 31.01.2023 13 DBL Viluppuram Highways Limited 6th PM, 50% Physical Progress 30.11.2021 54.41 14 DBL Poondiyankuppam Highways Limited 4th PM, 30% Physical Progress 15.11.2021 42.
Slide 31: Key Road, Special Bridge, Tunnel and Irrigation Projects
Key Road, Special Bridge, Tunnel and Irrigation Projects (₹ mn) Road Contract Outstanding Order Book as Date of Schedule Date of Project Name LOA Date Value on 31.12.2022 Start Completion with EOT Gorakhpur Link Expressway Project, Package-II 12,500 3,909 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 as Date of Schedule Date of Project Name LOA Date Value on 31.12.2022 Start Completion with EOT Bhopal Metro 2,206 340 Oct-18 Nov-18 Oct-23 Indore Metro 2,044 818 Oct-18 Dec-18 Aug-23 Surat Metro Rail P
Slide 33: Company Overview
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Slide 34: Overview
Overview Pan India presence 19 states & 1 Union Territory Largest employer in construction industry 26,521 employees Largest owner of Diversified areas of expertise Roads, special bridges, tunnels, metros, construction equipments 10,905 airports, irrigation & mining No subcontracting, vertically Ear
Slide 35: Our Journey
Our Journey After building an enviable reputation for Continuing with its plan of ahead-of-time-execution in its home state, sector expansion, the Company The Company successfully sells its the Company decides to foray outside for The young firm enters mining segment, where it complete portfolio of
Slide 36: Backward Integration
Backward Integration Octagonal Pipe Metal Beam Road Marking Bus Sign Scaffolding Poles Rolling Crash Barrier Paint Shelter Boards Bearing & Reinforced Fabricated Casting Overhead Overhead Foundry Expansion Joint Earth Walls Panels and Moulds Gantries Cantilevers To further support our in-house execu
Slide 37: Leadership Team
Leadership Team Mr. Dilip Suryavanshi Bharat Singh Chairman and MD President Dilip Suryavanshi is the Chairman and Managing Director Bharat Singh joined Dilip Builders in 1988, prior to which he of our Company. He holds a bachelors degree in civil had a sole proprietorship concern. He has 36 years w
Slide 38: 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 Thank You S-Ancial Technologies Pvt. Ltd. Mr. Ronak Jain Contact No:- +91 9820950544 E-mail – rona