Ashoka Buildcon Limited · NSE:ASHOKA
Ashoka Buildcon — Q4 FY2021 Earnings Presentation
21 slides from Ashoka Buildcon's earnings presentation, Jun 19, 2021
Slide 1: Cover letter to BSE and NSE
Ashoka Buildcon Limited To, To, The Manager, The Manager, The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Scri
Slide 2: Result Update Presentation Q4FY21
Developing Infrastructure for Better Tomorrow | | | RESULT UPDATE PRESENTATION | Q4FY21
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 Highlights
Key Highlights L-1 for NHAI project worth Rs. 7,260 Mn under Bharatmala Pariyojana - Package-II on EPC mode Emerged as Lowest Bidder for project entailing development of of Memmadpur (Ambala) - Banur (IT City Chowk) — Kharar (Chandigarh) Corridor under Bharatmala Pariyojana - Package II in Punjab
Slide 5: Standalone Profitability Highlights
Standalone Profitability Highlights Rs mn Q4 FY21 Q4 FY20 Y-o-Y(%) Q3 FY21 Q-o-Q(%) FY21 FY20 Y-o-Y(%) Total Income from Operations 13,870 12,548 9,807 38,175 39,374 Other Income 466 346 473 1,921 1,449 Revenue 14,336 12,893 11.2% 10,280 39.5% 40,096 40,824 -1.8% Operating Expenses 11,857 10,258 8,7
Slide 6: Standalone Balance Sheet (as per IND-AS)
Standalone Balance Sheet (as per IND-AS) Rs mn Mar-21 Mar-20 Rs mn Mar-21 Mar-20 Shareholder’s Fund 30,067 25,989 Non-current assets 32,236 29,173 Share capital 1,404 1,404 Fixed assets 2,871 3,586 Reserves & Surplus 28,664 24,586 Other Non-current assets 29,365 25,587 Non-current liabilities 4,561
Slide 7: Consolidated Profitability Highlights
Consolidated Profitability Highlights Rs mn Q4 FY21 Q4 FY20 Y-o-Y(%) Q3 FY21 Q-o-Q(%) FY21 FY20 Y-o-Y(%) Total Income from Operations 17,356 15,842 13,055 49,917 50,705 Other Income 447 249 256 1,302 817 Revenue 17,802 16,091 10.6% 13,311 33.7% 51,219 51,522 -0.6% Operating Expenses 12,557 11,104 8,
Slide 8: Consolidated Balance Sheet (as per IND-AS)
Consolidated Balance Sheet (as per IND-AS) Rs mn Mar-21 Mar-20 Rs mn Mar-21 Mar-20 Shareholder’s Fund 6,193 4,143 Non-current assets 1,03,102 1,01,409 Share capital 1,404 1,404 Fixed assets 75,495 77,699 Reserves & Surplus 4,790 2,739 Other Non-current assets 27,606 23,710 Non-Controlling Interest 2
Slide 9: Debt Profile as of March 2021
Debt Profile as of March 2021 Consolidated Debt (Rs. Mn) Consolidated Cash & Bank Balance (Rs. Mn) Project Debt incl. ACL NCD Standalone Debt Standalone Cash & Bank Balance 6,207 5,410 61,569 56,433 59,757 4,808 3,496 3,623 2,240 54,193 56,261 57,946 1,024 687 972 Sep'20 Dec'20 Mar'21 Sep'20 Dec'20
Slide 10: EPC Business Highlights
ASHGKA EPC BUSINESS HIGHLIGHTS
Slide 11: EPC order backlog of Rs. 81.7 bn, 2x FY21 Revenue
EPC order backlog of Rs. 81.7 bn, 2x FY21 Revenue Order backlog of Rs. 81.7 bn as on 31st March 2021 Segment Rs. Mn Segment Rs. Mn Roads 61,825 Others 30,028 HAM 34,707 Power T&D & Others 13,759 HAM: Tumkur-ShivamogaIV, Karnataka 8,931 Bihar 2,199 HAM: Tumkur - Shivamoga II, Karnataka 5,281 HAM: Tum
Slide 12: Order Book- Break-up
Order Book- Break-up 0.9% 6.6% 93,000 91,515 86,168 83,792 81,669 16.9% 42.5% 33.2% Mar'20 Jun'20 Sep'20 Dec'20 Mar'21# Road HAM Road EPC Power T&D & Others Railways CGD Figures in Rs Mn #Excludes G-RIDE Project, EPC Maldives Project and NHAI Road EPC Project, Punjab 11
Slide 13: HAM Project Portfolio - Status
HAM Project Portfolio - Status Estimated Equity % Stake Estimated Annuity Equity Grant Invested Total Debt Projects Status TPC Grant Received (ACL/ABL) (including Debt Received* (including Drawn* (Annuity+int) PIM) PIM)* Kharar-Ludhiana 100% COD(P) 14,500 6,400 2,100 6,000 6,113 2,106 5,218 1,149 Ra
Slide 14: EPC business financial performance
EPC business financial performance Figures in Rs Mn Revenue# EBITDA and EBITDA Margin 15% 15% 16% 18% 18% 39,363 40,824 40,096 7,306 7,116 6,309 25,461 20,852 3,912 3,146 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 PAT and PAT Margin Order Book 8% 9% 7% 9% 10% 83,940 83,792 81,669 70,047 3,871
Slide 15: Development Business
ASHGKA DEVELOPMENT BUSINESS
Slide 16: Gross toll collection
Gross toll collection Rs mn Q4 FY21 Q4 FY20* Y-o-Y(%) Q3 FY21 Q-o-Q(%) ACL BOT Projects Belgaum Dharwad 293.0 226.2 29.5% 277.0 5.8% Dhankuni - Kharagpur 1,042.7 878.6 18.7% 1,070.2 -2.6% Bhandara 217.1 182.4 19.0% 213.9 1.5% Durg 242.7 200.7 20.9% 236.6 2.6% Jaora - Nayagaon 455.1 423.5 7.5% 448.9
Slide 17: Annual Gross toll collection
Annual Gross toll collection Rs mn FY21^ FY20* FY19 ACL BOT Projects Belgaum Dharwad 889 910 915 Dhankuni - Kharagpur 3,582 3,605 3,510 Bhandara 727 705 674 Durg 807 789 794 Jaora - Nayagaon 1,554 1,754 2,020 Sambalpur 673 674 718 Sub-total 8,232 8,437 8,629 ABL BOT Projects Wainganga Bridge 317 298
Slide 18: Toll collection: ACL projects
Toll collection: ACL projects Company Ashoka Belgaum Dharwad Tollway Ltd. Company Ashoka Dhankuni Karagpur Tollway Ltd. Project Belgaum Dharwad Project Project Dhankuni Karagpur Project Period 2018-19 2019-20 2020-21 % rise Period 2018-19 2019-20 2020-21 % rise April-June 229.9 236.8 117.6 -50.3% Ap
Slide 19: Toll collection: ACL projects
Toll collection: ACL projects Company Jaora - Nayagaon Toll Road Company Pvt Ltd. 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 497.4 438.6 448.9 2.3% Jan-Mar 489.7 423.5 455.1 7.5% 2,019.9 1,
Slide 20: Toll collection: ABL owned projects
Toll collection: ABL owned projects 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 -22.2% July-Sept 71.
Slide 21: For Further Information, Please Contact
FOR FURTHER INFORMATION, PLEASE CONTACT: Ashoka Buildcon Limited Mr. Paresh Mehta paresh.mehta@ashokabuildcon.com CIN : L45200MH1993PLC071970 S. No. 861, Ashoka House, Ashoka Marg, Nashik - 422 011 Tel. No. 0253 - 6633705 www.ashokabuildcon.com Stellar IR Advisors Pvt. Ltd. Mr. Gaurang Vasani / Ms.