Nila Infrastructures Limited · NSE:NILAINFRA
Nila Infrastructures — Q3 FY2022 Earnings Presentation
46 slides from Nila Infrastructures's earnings presentation, February 2022
Slide 1: Investor Presentation | February 2022
INVESTOR PRESENTATION | FEBRUARY 2022
Slide 2: Executive Summary
Executive Summary Company Overview • Nila Infrastructures Ltd. established in 1990, initially operating as a city-based realtor, has now transformed into a diversified urban Infrastructure entity operating in Gujarat and Rajasthan. • It is listed on the BSE + NSE and has a market cap of ~INR 2,832.1
Slide 3: Company Overview
COMPANY OVERVIEW
Slide 4: Company Overview – Nila Infrastructures Ltd.
Company Overview – Nila Infrastructures Ltd. Operational Revenue (INR Mn) and • A flagship unit of the Ahmedabad based Sambhaav Group, Nila EBITDA Margin* (%) Infrastructures Limited is one of Gujarat’s leading companies engaged in 17% urban infrastructure development on PPP basis. 11% • The Company
Slide 5: Key Milestones
Key Milestones 2014 - 2021 • AMC awarded contract for Affordable Housing under Mukhya Mantri 2010 - 2013 Avas Yojana, Multi Level Parking, SRA • Launched 3 major 2006 - 2009 housing schemes - • Rajasthan Government, • First Urban Anvayaa, Anaahata VUDA award projects Development Project: and Atuulya
Slide 6: Key Differentiators
Key Differentiators Project Diversity Execution Proficiency • Affordable Housing Projects, Slum • The company has delivered 8,739 units Rehabilitation Projects, Multilevel under the Affordable Housing Scheme. Parking, Medical College Campus, BRTS • Established track record in satisfactorily Stations
Slide 7: Awards & Accolades
Awards & Accolades Awarded “The Redevelopment Project of the Year” at the Realty+ Awards 2019 - Giridharnagar Slum 2021 - Chhanajina Chhapra 7
Slide 8: Board of Directors
Board of Directors Mr. Manoj B. Vadodaria – CMD Mr. Kiran B. Vadodaria – Director • 40+ years of experience, knowledge, and insight in the • B.E. (Mechanical) from L.D. Engineering College, currently the construction industry; transformed Nila from a city-based realtor Chairman and Managing Director
Slide 9: Key Management Personnel
Key Management Personnel Deep Vadodaria - Chief Operating Officer • An original thinker with an immense reasoning power. With a problem-solving attitude, he addresses complex issues in his own distinctive manner with excellent operational and project execution skills, he is driving the company to ne
Slide 10: Financial & Operational Highlights
FINANCIAL & OPERATIONAL HIGHLIGHTS
Slide 11: 9M/Q3-FY2022 Financial Highlights
9M/Q3-FY2022 Financial Highlights 9M-FY2022 Standalone Financial Performance 9M-FY2022 Consolidated Financial Performance INR 694 Mn INR 58 Mn INR 625 Mn INR 57 Mn Income from Operations EBITDA Income from Operations EBITDA INR 13 Mn INR 0.03/share INR (9) Mn INR (0.02)/share Net Profit Diluted EPS
Slide 12: 9M/Q3-FY2022 Operational Highlights
9M/Q3-FY2022 Operational Highlights • Q3-FY2022 Turnover has reduced on Q-o-Q and Y-o-Y basis due to the Second-wave of COVID-19 pandemic induced disorder including delay in commencement of new projects as well as heavy-monsoon restricted the operations. • Q3-FY2022 TOI has increased on Q-o-Q basis
Slide 13: Quarterly Financial Performance – Standalone (IND-AS)
Quarterly Financial Performance – Standalone (IND-AS) Particulars (INR Mn) Q3-FY2022 Q3-FY2021 Y-o-Y Q2-FY2022 Q-o-Q Income from Operations 246 341 (27.9)% 245 0.4% Operating Expenses 225 301 (25.2)% 229 (1.7)% EBITDA 21 40 (47.5)% 16 31.3% EBITDA Margin (%) 8.54% 11.73% (319) Bps 6.53% 201 Bps Fina
Slide 14: YTD Financial Performance – Standalone (IND-AS)
YTD Financial Performance – Standalone (IND-AS) Particulars (INR Mn) 9M-FY2022 9M-FY2021 Y-o-Y Income from Operations 694 641 8.3% Operating Expenses 636 640 (0.6)% EBITDA 58 1 NA EBITDA Margin (%) 8.36% 0.16% 820 Bps Finance Cost 117 121 (3.3)% Depreciation 14 13 7.7% Other Income 92 86 7.0% Profit
Slide 15: Quarterly Financial Performance – Consolidated (IND-AS)
Quarterly Financial Performance– Consolidated (IND-AS) Particulars (INR Mn) Q3-FY2022 Q3-FY2021 Y-o-Y Q2-FY2022 Q-o-Q Income from Operations 234 296 (20.9)% 245 (4.5)% Operating Expenses 212 253 (16.2)% 228 (7.0)% EBITDA 22 43 (48.8)% 17 29.4% EBITDA Margin (%) 9.40% 14.53% (513) Bps 6.94% 246 Bps F
Slide 16: YTD Financial Performance – Consolidated (IND-AS)
YTD Financial Performance – Consolidated (IND-AS) Particulars (INR Mn) 9M-FY2022 9M-FY2021 Y-o-Y Income from Operations 625 596 4.9% Operating Expenses 568 591 (3.9)% EBITDA 57 5 NA EBITDA Margin (%) 9.12% 0.84% 828 Bps Finance Cost 113 121 (6.6)% Depreciation 14 13 7.7% Other Income 74 77 (3.9)% Sh
Slide 17: Business Mix
BUSINESS MIX
Slide 18: Area of Operations
Area of Operations • Affordable Housing • Slum Rehabilitation and Redevelopment • Urban infrastructure • Development of Bus Ports • Private White Label Construction • Industrial Development At Rajasthan: Slum Rehabilitation and • The Company is paid for the Total Order-book break up Redevelopment: c
Slide 19: Projects and Geographic Diversity
Projects and Geographic diversity 19
Slide 20: Clientele
Clientele Ahmedabad Municipal Applewoods Estate Engineering Projects Venus Infra Ahmedabad Urban Corporation (AMC) Pvt Ltd India Ltd (a Mini Ratna) Development Authority (EPIL) (AUDA) Adani Ports and Special Economic Zones Limited Vadodara Urban Adani Group Gujarat State Road Rajasthan Avas Vikas &
Slide 21: Infrastructure – Affordable Housing
INFRASTRUCTURE – AFFORDABLE HOUSING
Slide 22: Affordable Housing – Overview
Affordable Housing – Overview • The company was one of the first to venture into the Affordable Housing scheme in 2012 and is now a specialist in this segment. Revenue from Affordable Housing (INR Mn) • The company engages in the development of projects for EWS, LIG, and MIG sections in addition to
Slide 23: Order Book for Affordable Housing at 31st December 2021
Order Book for Affordable Housing at 31st December 2021 Total units Business Govt / Project Total Value Balance Name of the Project Location to be Completed Model Private Status (INR Mn)* (INR Mn)* constructed HNC Sabarmati (5) PPP Ahmedabad GOVT 2,198 WIP 2,834.8 2.4% 2,766.3 Sonariya Block PPP Ahm
Slide 24: Completed Projects under Affordable Housing
Completed Projects under Affordable Housing Adani Pratham LIG 6 Girdharnagar • Employer -Adani Infrastructures and • Employer – AMC • Employer – AMC Developers Pvt. Ltd • Units – 608 LIG flats + 40 shops + 8 • Units – 609 flats + 21 shops • Units – 800 flats offices Sewasi & Vemali Khodiyar Nagar •
Slide 25: Completed Projects under Affordable Housing
Completed Projects under Affordable Housing EWS Package 1 & 4 Udaipur Jodhpur • Employer – Urban Improvement Trust • Employer – AMC Udaipur • Employer – RUDSICO/RAVIL • Units –1,992 flats • Units – 1,152 flats • Units –1,072 flats RRC Bapunagar Kailash Nagar Anant Sky • Employer – Vyapti • Employer
Slide 26: Industry Overview for Affordable Housing
Industry Overview for Affordable Housing Technology for to Access Construction Finance Technology Training & for Training Capacity& Construction Capacity Building Housing for Building • 80 lakh houses to be completed in FY23 under PM Awas Yojana All by 2022 scheme with an allocation of Rs 48,000 cro
Slide 27: Industry Overview for Affordable Housing: Key Initiatives
Industry Overview for Affordable Housing Key Initiatives: Driving Progress • Real Estate (Regulation and Development) Act, 2016 (RERA) for regulation and promotion RERA of the Real Estate Infrastructure Status • Infrastructure Status to Affordable Housing NUHF • National Urban Housing Fund (NUHF) -
Slide 28: Civic Urban Infrastructure
CIVIC URBAN INFRASTRUCTURE
Slide 29: Urban Infrastructure – Overview
Urban Infrastructure – Overview • The Company gained traction in Urban Infrastructure, in 2006-07 as the flagship company of the Group viz Sambhaav Media Ltd was awarded construction of decorative AMTS Bus Stand in Ahmedabad. • The Company has undertaken a variety of projects under Urban Infrastruct
Slide 30: Order Book for Urban Infrastructure at 31st December 2021
Order book for Urban Infrastructure at 31st December 2021 Total Order-book break up UI Segment Break up Affordable EPC Housing Urban Infra 100% 92% 8% Govt / Total Value Balance Name of the Project Location Project Status Completed Private (INR Mn) (INR Mn) Modasa Bus-Port CF - Vyapnila Modasa GOVT
Slide 31: BRTS – A Success Story
BRTS – A Success Story BRTS Bus Stations Built By NILA (104 of 144) – Ahmedabad BRTS – A Success Story • Prime Contractor for Global Award Winning BRTS (Bus Rapid Transit System) project of AMC. 72% BRTS stations awarded to NILA (104 out of 144). • Total value ~ INR 630 Mn. 31
Slide 32: Industry Overview for Urban Infrastructure
Industry Overview for Urban Infrastructure • USD 950 Bn financing in the next 20 years to effectively build and run the urban cities by providing civic amenities, employment opportunities, and creating social infrastructure. • 28,360 MOUs signed, the maximum number of 21,889 were connected to the Mi
Slide 33: White Label Construction
WHITE LABEL CONSTRUCTION
Slide 34: White Label Construction
White Label Construction • Under White Label Construction, the company undertakes construction projects on an EPC/LSTK basis for reputed private developers. USP • 800 Affordable Housing units’ Residential complex project for Adani group. • Office building project for Adani Ports and Special Economic
Slide 35: Industrial and Logistics Parks
INDUSTRIAL AND LOGISTICS PARKS
Slide 36: Becharaji (Gujarat) – The next Auto-hub of India
Becharaji (Gujarat) – The next Auto-hub of India • Close proximity to Major all-weather ports viz., Kandla and Mundra, promise excellent access to global markets. Becharaji, Gujarat • This preempts huge long term investments by auto majors like Suzuki and Honda Motorcycles & Scooters in and around t
Slide 37: Becharaji (Gujarat) – The next Auto-hub of India
Becharaji (Gujarat) – The next Auto-hub of India Particulars Romanovia Industrial Park Pvt.Ltd. Kent Residential and Industrial Park LLP TVS Warehouse Nittsu Logistics Warehouse SMGPL Dormitory Project Images Ownership 50:50 Joint Venture between Nila Infrastructures Limited and the Kataria Group (
Slide 38: Way Forward – Infrastructure
Way Forward – Infrastructure • Affordable Housing has been granted “Infrastructure” status, serving as a stimulus to the segment. • Central Government has targeted the construction of 10 Mn houses per annum with demand growing at 6- 7 Mn per year due to population growth and nuclearisation of famili
Slide 39: Historical Financial Highlights
HISTORICAL FINANCIAL HIGHLIGHTS
Slide 40: Historical Financial Performance – Standalone (IND-AS)
Historical Financial Performance– Standalone (IND-AS) Particulars (INR Mn) FY2019 FY2020 FY2021 9M-FY2022 Income from Operations 2,258 2,510 1,011 694 Operating Expenses 1,878 2,223 920 636 EBITDA 380 287 91 58 EBITDA Margin (%) 16.83% 11.43% 9.00% 8.36% Finance Cost 130 169 161 117 Depreciation 19
Slide 41: Balance Sheet – Standalone (IND-AS)
Balance Sheet – Standalone (IND-AS) Equities & Liabilities (INR Mn) FY2020 FY2021 H1-FY2022 Assets (INR Mn) FY2020 FY2021 H1-FY2022 Shareholder Funds 1,433 1,439 1,445 Non Current Assets 1,313 1,532 1,711 (A) Equity Share Capital 394 (A) Property, Plant and 394 394 68 56 53 Equipment (B) Other Equit
Slide 42: Historical Income Statement – Consolidated (IND-AS)
Historical Income Statement – Consolidated (IND-AS) Particulars (INR Mn) FY2019 FY2020 FY2021 9M-FY2022 Income from Operations 2,138 2,435 969 625 Operating Expenses 1,779 2,150 871 568 EBITDA 359 285 98 57 EBITDA Margin (%) 16.79% 11.70% 10.11% 9.12% Finance Cost 130 169 161 113 Depreciation 19 17
Slide 43: Balance Sheet – Consolidated (IND-AS)
Balance Sheet – Consolidated (IND-AS) Equities & Liabilities (INR Mn) FY2020 FY2021 H1-FY2022 Assets (INR Mn) FY2020 FY2021 H1-FY2022 Shareholder Funds 1,355 1,350 1,339 Non Current Assets 1,175 1,314 1,480 (A) Property, Plant and (A) Equity Share Capital 394 394 394 68 56 53 Equipment (B) Other Equ
Slide 44: Consolidated Financial Performance (IND-AS)
Consolidated Financial Performance (IND-AS) Revenue (INR Mn) and EBITDA Margin (%) PAT (INR Mn) and PAT Margin (%) Debt to Equity Ratio 11.7% 6.5% 2,435 969 0.79 0.93 165 -6 10.1% FY2020 FY2021 FY2020 FY2021 FY2020 FY2021 NA Interest Coverage Ratio Current Ratio 2.29 2.17 1.58 0.49 FY2020 FY2021 FY2
Slide 45: Capital Market Information
Capital Market Information Price Data as on 31st December, 2021 Shareholding Pattern as on 31st December, 2021 CMP 7.19 No. of Shares (Mn) 393.89 Public Institutional 5.67% M.Cap (INR Mn) 2,832.06 Promoters Free Float (%) 38.10 61.90% Free Float (Mn) 1,079.02 52 week H/L 8.26/4.10 Public Non- Avg To
Slide 46: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d
Nila Infrastructures — Q3 FY2022 Earnings Presentation on 6ix