Il&fs Transportation Networks Limited · NSE:IL&FSTRANS
Il&fs Transportation Networks — Investor Presentation (August 2017)
31 slides from Il&fs Transportation Networks's investor presentation, Aug 8, 2017
Slide 1: IL&FS Transportation Networks Limited Analyst Presentation – August 2017
IL&FS Transportation Networks Limited Analyst Presentation – August 2017 August 8, 2017 CIN - L45203MH2000PLC129790
Slide 2: Disclaimer
Disclaimer This presentation has been prepared solely by IL&FS Transportation Networks Limited (“ITNL”) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or s
Slide 3: In this presentation…
In this presentation… Company Overview Board of Directors Key Updates Key Managerial Personnel Portfolio – Road Projects Road Projects Road Sector Opportunity Glossary Project Pipeline Order Book P&L Account Highlights Standalone Revenue & Expense Revenue Collection On Oper
Slide 4: Company Overview
Company Overview IL&FS Transportation Networks Limited (ITNL) is a leading surface transportation infrastructure company and the largest private sector BoT road Jammu & Kashmir operator (in terms of lane kilometer) in India* ITNL has a pan India presence with projects in several states in India
Slide 5: Key Updates
Key Updates BUSINESS Of our 35 total projects, operational projects are 27 (23 road projects) Total road portfolio: 14,016 lane km Per day average Toll & Annuity revenue for the quarter - ₹ 9.60 crore. Total Traffic PCU growth - 2.66% qoq and 6.76% yoy Order Book currently stands at (i) BOT
Slide 6: Portfolio: Road Projects
Portfolio: Road Projects • Diverse BOT portfolio of 30 road projects covering 14,016 lane km spread across several states in India Kiratpur Ner • Diverse mix of “Annuity / assured payments” and “Toll” based projects in various stages of development Chowk FGEL@@ GRBDC@ Barwa Adda (ROB) Chenani ACEL@@
Slide 7: Road Sector Opportunity
Road Sector Opportunity ~7,630 km of awards pending under NHDP • India’s road network increased to 4.2 million km from 3.3 Program To be awarded (in Km) million km NHDP-III 2,027 • Only 25% of National Highways are four/six/eight lane. The NHDP was formed for improving more than 49,260 km of NHDP-IV
Slide 8: Project Pipeline
Project Pipeline As on June 30, 2017 BID PIPELINE RFP Stage (Post Qualification) RFQ Stage (Pre Qualification) Projects Length (km) Cost (INR Cr) Projects Length (km) Cost (INR Cr) NHAI 7 352 8733 2 NA NA STATE 4 332 6588 3 788 28620 RAILWAYS 3 336 2818 - - - METRO RAIL 3 6 1461 - - - Total 17 1027
Slide 9: Order Book: Composition & Spread
Order Book: Composition & Spread BOT Order book – Project Type BOT Order book – Geographic Spread Jammu & Kashmir 1% 24.5% Road- Annuity 28% Himachal Pradesh 16.44% Road- Toll 71% Rajasthan 5.24% Non Road Madhya Pradesh 0.66% West Bengal & Jharkhand Gujarat 6.61% BOT Order book – Sourcing 2.08% Jhar
Slide 10: Profit & Loss Accounts Highlights
Profit & Loss Accounts Highlights (All figures in INR Crore) Standalone Key Parameters Quarter Quarter Quarter qoq yoy ended June ended March ended June % Change % Change 30, 2017 31, 2017 30, 2016 Revenue 749 996 1039 -25% -28% Other Operating Income 205 168 144 22% 42% EBITDA * 420 379 374 11% 12%
Slide 11: Standalone Revenue & Expenses
Standalone Revenue & Expenses Revenue Expenses (in INR Crore) (in INR Crore) 1950 1,950 1450 1,450 168 144 950 331 950 205.00 331 380.00 450 795 450 884 902 555 442.00 541.00 -50 -50 Quarter Ended June 30 2016 Quarter Ended March 31 Quarter Ended June 30 2017 Quarter Ended June 30 Quarter Ended Marc
Slide 12: Revenue Collection on Operational Road Projects
Revenue Collection on Operational Road Projects Not adjusted for ITNL’s stake Average Daily Toll Collection (All figures in INR Cr) Toll Projects under Operation In Q1 FY 18 In Q4 FY 17 In Q3 FY 17 In Q2 FY 17 GRICL (Gujarat) 0.32 0.42 0.41 0.37 Mega Highways – Rajasthan* 0.90 1.00 0.60 0.80 Mega Hi
Slide 13: BOT Toll Revenue Growth
BOT Toll Revenue Growth Toll Revenue (INR in Crore) Sr.No Name of the Project 2012-13 2013-14 2014-15 2015-16 2016-17 start date 1 Ahmedabad Mehsana Road (Gujarat) Feb-03 107 108 120 129 151 2 Vadodra Halol Road (Gujarat) Oct-00 3 Mega Highways - Rajasthan (Ph - I) Mar-08 166 184 189 223 290 Mega Hi
Slide 14: IL&FS - Strong Parentage
IL&FS - Strong Parentage IL&FS Overview Incorporated in 1987 as a JV between the Central Bank of India (CBI), Our Parent Shareholding IL&FS Shareholding Housing Development Finance Corporation Limited (HDFC) and Unit Trust of India (UTI) to commercialize infrastructure projects and work with publi
Slide 15: Experienced Board of Directors
Experienced Board of Directors Independent Directors Non-Independent Directors Name Designation / Background Name Designation Mr Deepak Mr Ravi Chairman; Former Chairman, NHAI Chairman, IL&FS Dasgupta Parthasarthy Mr Hari Sankaran Vice Chairman and MD, IL&FS Mr RC Sinha Former Vice Chairman & MD, Ma
Slide 16: Key Managerial Personnel
Key Managerial Personnel K. Ramchand • He has over 32 years of experience in urban and transport infrastructure development sector Managing Director Mukund Sapre • He has over 28 years of experience in the industry Executive Director Harish Mathur Technical Director • Has over 33 years of experience
Slide 17: Road Projects
Road Projects 16
Slide 18: Projects Under Operation
Projects Under Operation North Karnataka West Gujarat Expressway Vadodara Halol Toll Road Ahmedabad - Mehsana Name of Project Noida Toll Bridge (NTBCL) Expressway Limited (NKEL) Limited (WGEL) (GRICL) Road (GRICL) Authority NHAI NHAI NOIDA Govt. of Gujarat Govt. of Gujarat State Karnataka Gujarat De
Slide 19: Projects Under Operation
Projects Under Operation Thiruvananthapuram City Roads (Phase I Mega Highways Project Rajasthan Name of Project Narketpally - Addanki (NAMEL) & II) (TRDCL) (RIDCOR) Phase I & II Authority KRFB Govt. of Andhra Pradesh Govt. of Rajasthan State Kerala Andhra Pradesh Rajasthan Concession Type Annuity To
Slide 20: Projects Under Operation
Projects Under Operation Pune Sholapur Road East Hyderabad Jharkhand Accelerated Road Development Hazaribagh Ranchi Name of Project Development Company Expressway Ltd (EHEL) Programme (JRPICL) Expressway Limited (HREL) Limited (PSRDCL) Authority HUDA GOJ NHAI NHAI State Andhra Pradesh Jharkhand Jhar
Slide 21: Projects Under Operation
Projects Under Operation Name of Project Beawar Gomti Road (IRIDCL) Moradabad to Bareilly (MBEL) Chandrapur Warora (WCBTRL) Sikar Bikaner Authority Department of Road NHAI PWD, Maharashtra PWD, Rajasthan Transportation and Highways, GOI State Rajasthan Uttar Pradesh Maharashtra Rajasthan Concession
Slide 22: Projects Under Operation
Projects Under Operation Thiruvananthapuram City Roads Jorabat Shillong Mega Highways Project, Name of Project Baleshwar Kharagpur Road (BKEL) (Phase II & III) (TRDCL) (JSEL) Rajasthan (RIDCOR) III Authority NHAI NHAI Govt. of Rajasthan KRFB State Assam & Meghalaya West Bengal & Orissa Rajasthan Ker
Slide 23: Projects Under Operation
Projects Under Operation Name of Project Chennani - Nashri (CNTL) Khed Sinnar Authority NHAI NHAI State Jammu & Kashmir Maharashtra Concession Type Annuity Toll Project (Lane Km) 38 557 Project Cost (Rs Cr) 5269 2015 Debt Outstanding as at June 30, 2017 (Rs. Cr) (Long 3920 1166 Term ) GRANT (Rs. Cr)
Slide 24: Status – Project under Construction
Status – Project under Construction Construction Progress Scheduled Project Completion Date BAEL Dec-17 KNC Feb-18 RRR VII Aug-18 IRIDCL-II TBF* FSEL May-19 Projects getting operational in the next 18 months SSTL Apr-20 ACEL May-19 GRBDCL Jul-19 Constructed To be Constructed * Appointed date to be f
Slide 25: Project Development / Construction
Project Development / Construction Name of Project Kiratpur Ner Chowk (KNEL) Barwa Adda Panagarh Beawer Gomti (Additional) Authority NHAI NHAI MoRTH State Himachal Pradesh Jharkhand & Rajasthan West Bengal BOT Type Toll Toll Toll Project (Lane Km) 327 727 216 Project Cost (Rs Cr) 2291 2452 1387 Debt
Slide 26: Project Development / Construction
Project Development / Construction Name of Project Srinagar Sonmarg Tunnelway Limited Fagne – Gujarat / Maharashtra Border Amravati – Chikhli Authority BRO NHAI NHAI State Jammu & Kashmir Maharashtra Maharashtra BOT Type Annuity Toll Toll Project (Lane Km) 34 698 970 Project Cost (Rs Cr) 3289 1886 2
Slide 27: Project Development / Construction
Project Development / Construction Name of Project .GRICL Rail Bridge Development Company Ltd. (GRBDCL) RRR Section 2 Authority Government of Gujarat GoJ State Gujarat Jharkhand BOT Type Annuity Annuity Project (Lane Km) 34 160 Project Cost (Rs Cr) 251 640 Debt Outstanding as at June 30, 2017 (Rs. C
Slide 28: Glossary
Glossary Acronym Full Form IL&FS Infrastructure Leasing and Financial Services ITNL IL&FS Transportation Networks Limited SPV Special Purpose Vehicle BOT Build Operate Transfer HUDA Haryana Urban Development Authority COD Commercial Operation Date NHDP National Highway Development Plan SARDP Special
Slide 29: Glossary
Glossary Acronym Full Form JARDP/JRPICL Jharkhand Accelerated Road Development Programme / Jharkhand Road Projects Implementation Company Limited RPR II (Part of JRPICL I) Patratu Dam – Ramgarh Road CKC (Part of JRPICL II) Chaibasa Kandra Chowka Road CNTL Chenani Nashri Tunnelway Limited WCBTRL Waro
Slide 30: Glossary
Glossary Acronym Full Form NKEL North Karnataka Expressway Limited APEL Andhra Pradesh Expressway Limited HREL Hazirabagh Ranchi Expressway Limited EHEL East Hyderabad Expressway Limited GRICL Gujarat Road and Infrastructure Company Limited WGEL West Gujarat Expressway Limited NTBCL NoidaToll Bridge
Slide 31: Thank You
Thank You IL&FS Transportation Networks Limited The IL&FS Financial Centre C-22, G Block, Bandra Kurla Complex Bandra (East), Mumbai – 400 051 Board: +91 22 2653 3333 Fax: +91 22 2652 3979 Email: itnlinvestor@ilfsindia.com 30
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