MEP Infrastructure Developers Ltd. · NSE:MEP
MEP Infrastructure Developers — Investor Presentation (December 2017)
22 slides from MEP Infrastructure Developers's investor presentation, December 2017
Slide 1: Company Presentation
INFRASTRUCTURE DEVELOPERS LTD,
Slide 2: Executive Summary
Header Goes Executive Here Summary • MEP Infrastructure Developers Ltd (MEP) group, is an integrated road infrastructure developer and is one of the Company CompanyOverview Overview leading players for HAM,OMT and Toll Collection projects in India. • Founded in 2002 by current promoters Mr Dattatray
Slide 3: Company Profile
Header Goes Company ProfileHere Revenue Mix – FY17 MEP has evolved into an integrated road Infrastructure developer, having operations in EPC, Toll collections & OMT projects together with its entry into construction with the win of six 3.70% LT, 10.50% major Hybrid Annuity Model (HAM) projects.
Slide 4: Diversified Project Portfolio and Geographical Presence
Header Goes Diversified Here Project Portfolio and Geographical Presence Current Portfolio Across Six States In India Current Project Mix Long Short Location OMT Term Term HAM BOT Total Toll Toll Maharashtra 2 1 - 4 1 8 Delhi Tamil Nadu - - 1 - - 1 Gujarat - - - 2 - 2 Uttar Pradesh Uttar Pradesh - -
Slide 5: Corporate Structure
Header Goes Corporate Here Structure MEP Infrastructure Developers Limited Long Term OMT Projects HAM Projects BOT Projects Other Subsidiaries / Associate Toll Collection Projects MIPL - MEP Infrastructure Arawali Kante MEP HS - MEP Highway Solutions Private Private Limited (99.99%) RTBPL - Rideema
Slide 6: Hybrid Annuity Model (HAM)
Header Hybrid GoesModel Annuity Here (HAM) HAM projects require initial capex wherein 60% of project cost is financed by the developer and is to be recovered as bi-annual payments from the authorities over 15 years. Out of total project cost, the balance 40% is invested by the government during th
Slide 7: Operate-Maintain-Toll (OMT) Projects
Header Goes Here Operate-Maintain-Toll(OMT) Projects OMT projects do not require any initial capex but have a maintenance responsibility. The concessionaire is not required to provide Upfront payment to Authority(NHAI). Payment to Authority is an operational expense and needs to be paid from toll ca
Slide 8: Long Term & Short Term Toll Collection Projects
Header Long TermGoes Here & Short Term Toll Collection Projects Long Term & Short Term Toll projects do not require any initial capex and have no maintenance responsibility. The concessionaire is not required to provide Upfront payment to Authority under NHAI. The concessionaire may be required to m
Slide 9: Project Time-lines
Header Project Goes Here Time-lines Hybrid Annuity Model Operate Maintain Toll Construction Period Annuity Period Mahuva Kagavadar Mumbai Entry Points Talaja Mahuva Nagpur Package II Rajiv Gandhi Sea link Nagpur Package I Kante Wakad Hyderabad- Banglore Arawali Kante Short Term Toll Long Term Toll K
Slide 10: Consolidated P&L Statement as per Ind-AS
Header GoesP&L Consolidated Here Statement as per Ind-AS In INR Mn Particulars FY17 FY16 YoY% Total Revenues from Operations 17,291 19,052 -9.2% Other Income 864 757 14.1% Operating and Maintaining Expenses 3,280 2,600 26.2% Employee Expenses 734 744 -1.3% Other Expenses 389 400 -2.8% Depreciation &
Slide 11: Consolidated Balance Sheet as per Ind-AS
Header GoesBalance Consolidated Here Sheet as per Ind-AS In INR Mn Particulars in INR Mn FY17 FY16 Particulars in INR Mn FY17 FY16 Equities & Liabilities Assets Shareholder's Funds Non-Current Assets Share Capital 1,626 1,626 Fixed Assets 508 609 Other Equity -1,705 -2,750 Capital Work-in-Progress 2
Slide 12: Market Performance
HeaderMarket Capital Goes Performance Here MEP Price Performance Market Data (As on 30.09.2017) MEP Infra SENSEX Share Price (INR) 100.9 250% Market Capitalization (INR Mn) 16,094 200% No. of shares outstanding (Mn) 162.6 150% Face Value (INR) 10.0 100% 50% 52 week High-Low (INR) 150.0 – 33.30 0% 1
Slide 13: Key Strengths
Header Key Goes Here strengths One of the Leading players for HAM, Tolling and OMT projects Positioned for capitalizing 1 dynamic Road sector 5 opportunities Robust order-book, healthy INVESTMENT RATIONALE 2 Revenue & Profit visibility over next 5 years Experienced management, 4 strong execution tea
Slide 14: One of the Leading Players for HAM, Tolling and OMT Projects
Header 1. One of Goes Here Players for HAM, Tolling and OMT projects the Leading HAM Projects Awarded Till Date Emerged as one of the leading players in HAM 6 NHAI / MoRTH has awarded 56 HAM Projects in the last two years. An aggregate MEP of 39 infrastructure players participated in bidding of the
Slide 15: Robust Order-book, Healthy Revenue & Profit Visibility
Header 2. Robust Goes Here healthy Revenue & Profit visibility over next 5 years order-book, MEPIDL Tolling EPC Healthy Pipeline of tolling projects Robust EPC order-book INR 33,685+ mn as on 30th June Total toll collected during FY17 was at INR 13,880 Mn 2017 which is expected to be executed
Slide 16: Integrated Structure with In-house Capabilities
Header 3. Goes Integrated Here with in-house capabilities Structure In-house business development team prepares tendering documents for all the bids. Tendering Company’s ability to tender appropriately depends significantly on the assessment of the future traffic patterns and the amount of toll
Slide 17: Experienced Promoters and Board of Directors
Header 4a. Goes Here Experienced Promoters and Board Of Directors Name & Designation Experience Dattatray P. Mhaiskar Founding Director and Promoter of the Company Chairman, Non Independent Holds a Diploma in Civil Engineering from Sir Cursow Wadia Institute of Electrical Technology, Pune and No
Slide 18: Key Management
Header 4b. Goes Here Team Key Management Name & Designation Experience Uttam Pawar Bachelor’s degree in Commerce from Shivaji University, Kolhapur with over 25 years of experience in tolling business Chief Tolling Officer Previously associated with Ideal Road Builders Private Limited Sameer Apte
Slide 19: Strategic Relationships
Header 4c. Goes Strategic Here Relationships Collaboration with Sanjose India ….Won 6 HAM Projects so far Marquee Projects by Sanjose LOUVRE ABU DHABI MUSEUM SANJOSE is a diversified global company present in over twenty countries around Europe, America, Asia and Africa. Its main business lines ar
Slide 20: Positioned for Capitalizing Dynamic Road Sector Opportunities
Header 5a. GoesFor Positioned Here Capitalizing Dynamic Road Sector Opportunities • The total length of the National highways is expected to cross ~200,000 km in next 5 years. a) A total 83,677 km of roads will be built till 2022, which includes about 34,800 km covered under Bharatmala programme Sec
Slide 21: Bharatmala Project
Header 5b. Goes Here Bharatmala Project The project Intends to remove bottlenecks in key economic corridors and provide holistic connectivity Development of ~51,000 km of road length with total investment of ~ INR 10.0 lakh crore The Union Cabinet approved Phase 1 of the project in involving 3
Slide 22: Disclaimer
Header Goes Here Disclaimer MEP infrastructure Developers Ltd. 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 in
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