30 slides from Mep Infrastructure Developers's earnings presentation, Feb 9, 2016
Slide 1: Q3 & 9M FY16 Results Update
MEP INFRASTRUCTURE DEVELOPERS LIMITED Q3 & 9M FY16 Results Update 9 February 2016
Slide 2: Disclaimer
Disclaimer This presentation and the following discussion may contain “forward looking statements” by MEP Infrastructure Developers Limited (“MEPIDL” or the “Company”) that are not historical in nature. These forward looking statements, which may include statements relating to future results of oper
Slide 3: Table Of Contents
Table Of Contents Business Overview – Our Presence and Projects Update Q3 & 9M FY16 Results Update Company Overview Sustainable Competitive Advantages Annexure 3
Slide 4: Business Overview – Our Presence and Projects Update
Business Overview – Our Presence and Projects Update
Slide 5: Diversified Project Portfolio With Pan India Presence
Diversified Project Portfolio With Pan India Presence Current Portfolio Across Ten States In India Project Mix as on 31st December 2015 Long Short Location OMT Term Term BOT Total Toll Toll Maharashtra 2 3 1 1 7 Tamil Nadu 2 1 1 - 4 Telangana - - 1 - 1 Karnataka - - 1 - 1 Rajasthan - - 2* - 2 Gujara
Slide 6: Recent Projects Additions and Completions
Recent Projects Additions and Completions Project Additions Payment to Sr. Name of Name of Project State Type COD Tenor Authority No Authority (Rs Mn) 1 Semri Toll Plaza Uttar Pradesh NHAI Short Term Toll Collection 28th October 2015 1 year 400.5 th 2 Dasna Toll Plaza Uttar Pradesh NHAI Short Term T
Slide 7: Q3 & 9M FY16 Results Update
Q3 & 9M FY16 Results Update
Slide 8: Q3 & 9M FY16 Results Highlights
Q3 & 9M FY16 Results Highlights In Rs Mn REVENUE FROM OPERATIONS EBITDA & EBITDA MARGIN 20,088 32.0% 29.9% 30.2% 28.7% Consistent Revenue 23.7% Accretion 14,839 Healthy Operating 4,480 4,761 Margin 5,157 4,824 4,858 6.8% 1,482 1,443 1,555 Q3 FY16 Q2 FY16 Q1 FY16 (9M) FY16 FY15 Q3 FY16 Q2 FY16 Q1 FY1
Slide 9: Q3 & 9M FY16 Revenue Analysis
Q3 & 9M FY16 Revenue Analysis REVENUE BREAKUP Q3 FY16 Q2 FY16 (9M) FY16 FY15 28.7% 31.7% 34.4% 45.2% 46.2% 43.3% 41.5% 47.1% 24.2% 22.1% 20.4% 15.2% Long Term - OMT Long Term – Toll Collection Short Term – Toll Collection Focus On Increasing Revenue Contribution From Long Term Projects 41.5% 31.7% 6
Slide 10: Long Term Projects Details
Long Term Projects Details In Rs Mn Key Long Term Q3 FY16 Q2 FY16 (9M) FY16 FY15 Projects % Contribution % Contribution % Contribution % Contribution Type Revenues Revenues Revenues Revenues to revenues to revenues to revenues to revenues MEPIPL OMT 1,049 20.3% 1,003 20.8% 3,062 20.6% 3,798 19.1% Ma
Slide 11: Consolidated P&L Statement
Consolidated P&L Statement Particulars (Rs. Mn) Q3 FY16 Q2 FY16 QoQ % (9M) FY16 FY15 Total Revenues from Operations 5,157 4,824 6.8% 14,839 20,088 Other Income 93 97 -3.7% 282 325 Operating and Maintaining Expenses 3,476 3,207 8.4% 9,820 14,570 Employee Expenses 203 190 6.8% 575 761 Other Expenses 8
Slide 12: Q3 & 9M FY16 Results Highlights
Q3 & 9M FY16 Results Highlights FINANCIAL UPDATE: • Revenues for Q3 FY16 increased by 6.8% to Rs 5,157 mn compared to Rs 4,824 mn in Q2 FY16 due to • Increase in revenue from short term toll collection projects, from NHAI & RIDCOR – up 11.6% q-o-q • Improved revenue accretion from 2 OMT projects – M
Slide 13: New Projects Pipeline Q4 FY16
New Projects Pipeline Q4 FY16 Short Term Toll Collection Projects Annual Potential Number of Projects Sr. No Name of Authority Toll Collection Tenor Currently Available (Rs Mn) 1 NHAI 7,340.3 1 year 17 Total 7,340.3 17 Long Term Toll Collection Projects Annual Potential Number of Projects Sr. No Nam
Slide 14: Potential For Road Tolling Projects
Potential For Road Tolling Projects Monetisation of fresh / new road assets: The NHAI along with MORTH plans to award fresh projects of ~ 15,000 km worth Rs 3 trillion during FY16 and FY17 through the BOT, EPC and Hybrid Annuity. Over 80% of the future projects are proposed to be under EPC and H
Slide 15: Shareholding Structure
Shareholding Structure Share Price Performance Market Data As on 31.12.2015 (BSE) Share Price Rs 63.0 Share Price Rs 45.7 Market Capitalization (Rs Mn) 7,420 70.00 As on 1 Jul 2015 (BSE) As on 31 Dec 2015 (BSE) 60.00 50.00 No. of shares outstanding (Mn) 162.6 40.00 30.00 Face Value (Rs.) 10.0 20.00
Slide 16: Company Overview
Company Overview
Slide 17: Company Overview: Brief Profile
Company Overview: Brief Profile Leading Player In Toll Collection & OMT Projects MEPIDL is the leading player in OMT and Toll Collection in India (1). Commenced operations in 2002 - toll collection at the five Mumbai Entry Points for 8 years. Progressed into winning one of the largest OMT cont
Slide 18: Company Overview: Key Milestones
Company Overview: Key Milestones Awarded a 3-year OMT Crossed Rs 10,000 mn of revenue in a single financial year contract by MSRDC for Rajiv (FY12) for the first time. Awarded the Phalodi Ramji toll Gandhi Sea Link in Mumbai. collection contract in Rajasthan Awarded Hyderabad-Bangalore OMT c
Slide 19: Company Overview: Long Term OMT Projects
Company Overview: Long Term OMT Projects Madurai – Kanyakumari Hyderabad - Bangalore Chennai Bypass Rajiv Gandhi Sea link Mumbai Entry Points Four lane carriage way Four lane carriage way Six lane carriageway that Links Bandra in the Five entry points located on located on NH-7, which is located on
Slide 20: Company Overview: Long Term Toll Collection Projects
Company Overview: Long Term Toll Collection Projects IRDP Solapur Vidyasagar Setu Kini Tasawade Rajiv Gandhi Salai(1) Kalyan Shilphata(1) Delhi Entry Points Located in Solapur 18 lane toll plaza at Located on Satara – Previously known as Connecting Mumbai district Vidyasagar Setu, links Kolhapur sec
Slide 21: Company Overview: Short Term Toll Collection Projects
Company Overview: Short Term Toll Collection Projects Sr. Toll Plaza State Client Term Payment to Authority No 1 Surajbari Gujarat NHAI September 30, 2015 to September 29, 2016 Rs 740.7 mn to be paid in Weekly Instalment of Rs. 14.20 mn 2 Bankapur Karnataka NHAI January 3, 2015 to January 2, 2016 Rs
Slide 22: Company Overview: Corporate Structure
Company Overview: Corporate Structure MEP Infrastructure Developers Limited OMT Projects Long Term Toll Collection Projects BOT Projects Other Subsidiaries / Associate MEP HS - MEP Highway Solutions Private MEP Solapur - MEP IRDP Solapur Toll Road RTPL - Rideema Toll MIPL - MEP Infrastructure Privat
Slide 23: Experienced Promoters And Management Team – Board Of Directors
Company Overview: Experienced Promoters And Management Team – Board Of Directors Name & Designation Experience Dattatray P. Mhaiskar Founding Director and Promoter of the Company. Chairman, Non Holds a Diploma in Civil Engineering from Sir Cursow Wadia Institute of Electrical Technology, Pune. I
Slide 24: Sustainable Competitive Advantages
Sustainable Competitive Advantages
Slide 25: Strong Execution Capabilities With Proven Track Record
Sustainable Competitive Advantage: Strong Execution Capabilities With Proven Track Record Expertise And Experience In Project Management One of the first few companies focusing to operate on pure toll collection business model. Successful operational experience of over 13 years with a pan India
Slide 26: Integrated Structure With In-house Capabilities
Sustainable Competitive Advantage: Integrated Structure With In-house Capabilities 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
Slide 27: Use Of Advanced Technology For Toll Collection
Sustainable Competitive Advantage: Use Of Advanced Technology For Toll Collection Use of Advanced Technology for Toll Collection leads to improved Operational Efficiency And Transparency ETC System: Electronic Toll Collection (ETC) systems are based on prepaid mode of toll collection either throug
Slide 28: Thank You
For Further Queries: Thank You Murzash Manekshana Ammeet Sabarwal / Nilesh Dalvi Executive Director IR Consultant Email : mmanekshana@mepinfra.com Contact No : +91 9819576873 / +91 9819289131 Email : ammeet.sabarwal@dickensonir.com Manisha Bihani nilesh.dalvi@dickensonir.com AGM – Investor Relations
Slide 29: Annexure
ANNEXURE
Slide 30: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars (Rs. Mn) (H1) FY16 FY15 Particulars (Rs. Mn) (H1) FY16 FY15 Equities & Liabilities Assets Shareholder's Funds Non-Current Assets Share Capital 1,626 1,115 Fixed Assets 20,964 21,723 Reserves & Surplus -727 -3,379 Non-Current Investments 216 216 Total Shareholde