Ashoka Buildcon Limited · NSE:ASHOKA
Ashoka Buildcon — Q4 FY24 Earnings Presentation
31 slides from Ashoka Buildcon's earnings presentation, May 23, 2024
Slide 1: Cover letter to BSE and NSE
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, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code: 533271 Scrip Sym
Slide 2: Investor Presentation May 2024
Investor Presentation May 2024
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of Ashoka Buildcon Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or in
Slide 4: Q4 FY24 Business Highlights
ASHOKA Ashoka Buildcon Ltd. Q4 FY24 Business Highlights
Slide 5: Q4 FY24 Business Highlights
Q4 FY24 Business Highlights Receipt of Letter of Award from CIDCO in January 2024 Company has received Letter of Acceptance (LoA) from City & Industrial Development Corporation of Maharashtra Limited (CIDCO) for Design and construction of Stilt Bridge for Eastern Connectivity for Navi Mumbai Interna
Slide 6: Q4 FY24 Business Highlights
Q4 FY24 Business Highlights Receipt of Completion Certificate for Hybrid Annuity Mode (HAM) NHAI Project - ‘Eight Lane Vadodara Kim Expressway in April 2024 Company has received Completion Certificate w.e.f. April 02, 2024 for its Hybrid Annuity Mode (HAM) Project of National Highways Authority of I
Slide 7: Q4 & FY24 Financial Performance Highlights
Q4 & FY24 Financial Performance Highlights
Slide 8: Q4 & FY24 Standalone Financial Performance Highlights
Q4 & FY24 Standalone Financial Performance Highlights Total Revenue (Rs Crs.) EBITDA (Rs Crs.) EBITDA Margin % PBT* (Rs Crs.) +22% +25% +16% Q4 nFY24 2,532 219 8.4% 8.6% 126 2,068 109 174 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 +21% +8% -15% 7,841 691 9.9% 424 639 8.8% 6,478
Slide 9: Debt Profile
Debt Profile Consolidated Debt (Rs. Crs.) Cash & Bank Balance Break up (Rs. Crs.) Standalone Debt Project Debt Incl ACL Debt Standalone Cash & Bank Balance Consolidated Cash & Bank Balance 6,895 6,978 7,200 6,920 7,139 816 876 988 1,118 1,103 1,143 526 538 442 393 426 6,019 5,990 6,082 5,818 5,996 2
Slide 10: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (Rs. Crs.) Q4 FY24 Q4 FY23 Y-o-Y Q3 FY24 Q-o-Q FY24 FY23 Y-o-Y Revenue from Operations 2,499.8 2,043.5 22% 2,133.5 17% 7,726.7 6,372.3 21% Other Income 32.7 24.4 28.4 114.6 105.7 Total Revenue 2,532.5 2,067.9 22% 2,161.9 17% 7,841.3 6,478.0 21% Operatin
Slide 11: Standalone Balance Sheet
Standalone Balance Sheet Assets (Rs. Crs.) Mar’24 Mar’23 Equity & Liabilities (Rs. Crs.) Mar’24 Mar’23 Non - Current Assets 2,404.4 2,085.3 Total Equity 3,812.5 3,369.7 Property Plant & Equipments 320.2 273.2 Share Capital 140.4 140.4 Capital Work In Progress 2.2 28.5 Other Equity 3,672.1 3,229.4 In
Slide 12: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Crs.) Q4 FY24 Q4 FY23 Y-o-Y Q3 FY24 Q-o-Q FY24 FY23 Y-o-Y Revenue from Operations 3,051.9 2,448.4 25% 2,657.1 15% 9,798.5 8,100.5 21% Other Income 86.0 29.5 41.8 206.8 134.6 Total Revenue 3,137.9 2,478.0 27% 2,698.9 16% 10,005.3 8,235.1 21% Opera
Slide 13: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. Crs.) Mar’24 Mar’23 Equity & Liabilities (Rs. Crs.) Mar’24 Mar’23 Non - Current Assets 8,093.5 7,957.0 Total Equity 2,424.6 1,895.9 Property Plant & Equipments 335.9 289.9 Share Capital 140.4 140.4 Capital Work In Progress 39.2 62.3 Other Equity 2,079.9 1,535.2
Slide 14: Cashflow Statement
Cashflow Statement Standalone Consolidated Particulars (Rs. Crs.) Mar’24 Mar’23 Mar’24 Mar’23 Profit Before Exceptional Items & Tax 575.5 773.3 870.3 588.2 Adjustments for: Non-Cash / Other Items 21.5 -247.9 768.3 1,378.4 Operating profit before working capital changes 597.0 525.4 1,638.5 1,966.6 Ch
Slide 15: Company Overview
ASHOKA Ashoka Buildcon Ltd. Company Overview
Slide 16: Ashoka Buildcon – Legacy of Excellence
Ashoka Buildcon – Legacy of Excellence 45+ YEARS of INR 11,000+ Crs. 10,000+ members experience in Current Order Book** in Ashoka Family construction industry 14,000 LANE Kms. 30,000 Villages of highway constructed illuminated through Power T&D projects CRISIL RATINGS 5 Year CAGR AA-/STABLE Long Ter
Slide 17: ABL - Business Structure
ABL - Business Structure Ashoka Buildcon Limited Ashoka Concession Limited (ACL) (ABL owning 66% Stake, Balance with SBI Macquarie) ABL Own Projects % Stake HAM Projects % Stake Mudhol Nipani (BOT Annuity) 100% Kharar Ludhiana 100% Bagewadi Saundatti (BOT Annuity) 100% Ranastalam Anandpuram 100% Hun
Slide 18: Order Book
Order Book Segment Breakup Region Breakup Client Breakup 9.6% 4.8% 9.6% 2.8% North 6.8% 31.4% 37.6% South 11.5% 25.4% 41.0% 8.1% Road EPC East Central Govt Road HAM West State Govt Building EPC* Central HAM 10.8% Railways North East 35.2% Private Client 8.1% Power T&D 7.5% 5.9% Overseas Overseas 44.
Slide 19: Current Order Backlog
Current Order Backlog Segment Rs. Crs. Segment Rs. Crs. Roads 5,336 Other EPC Projects 6,361 Tumkur-Shivamoga IV, Karnataka 408 Rajasthan 35 Baswantpur to Singnodi 44 Jammu & Kashmir 62 Tumkur-Shivamoga III, Karnataka 104 Tumkur - Shivamoga II, Karnataka 55 Uttar Pradesh 392 HAM 911 Tumkur - Shivamo
Slide 20: HAM Project Portfolio
HAM Project Portfolio All figures in Rs Crs. As per Financial Closure As per Actuals PIM No. of Projects % Stake Estimated Estimated Grant Equity PIM Total Debt Status TPC Est. Grant Est. Contribution Annuity (As on 31 st Mar 2024) (ACL/ABL) Equity Debt Received Invested Received Drawn Est. Received
Slide 21: BOT Project Portfolio
BOT Project Portfolio All figures in Rs Crs. Projects (Rs. Crs.) Concession Contract Ending Debt as on % Stake State / Client Lane / Lanes Kms Type Signing Date Grant/ Premium (As on 31 st Mar 2024) Period Date 31st Mar 2024 ACL Projects Premium of Rs. Rs. 31 Cr BOT (Toll), Belgaum Dharwad 100% KN /
Slide 22: Gross Toll Collection
Gross Toll Collection Projects (Rs. Crs.) Q4 FY24 Q4 FY23 Y-o-Y FY24 FY23 Y-o-Y ACL Projects Belgaum Dharwad 34.4 35.8 -3.8% 137.8 135.0 2.1% Dhankuni Karagpur 136.7 121.9 12.1% 515.4 466.8 10.4% Bhandara 31.1 27.9 11.4% 115.3 97.9 17.8% Durg 36.4 32.2 13.1% 134.4 112.4 19.5% Jaora – Nayagaon 58.4 5
Slide 23: Toll Collection
Toll Collection ACL Projects Company Project Period FY20 FY21 FY22 FY23 FY24 % Rise Q1 23.7 11.8 18.9 33.9 35.2 3.8% Q2 21.3 20.1 25.1 31.3 32.7 4.4% Ashoka Belgaum Belgaum Dharwad Q3 23.4 27.7 29.8 34.0 35.5 4.5% Dharwad Tollway Ltd. Project Q4 22.6 29.3 30.5 35.8 34.4 -3.8% 91.0 88.9 104.3 135.0 1
Slide 24: Toll Collection
Toll Collection ACL Projects Company Project Period FY20 FY21 FY22 FY23 FY24 % Rise Q1 46.0 22.5 36.8 49.1 57.5 17.2% Q2 43.2 42.4 45.2 51.2 56.3 10.0% Jaora - Nayagaon Toll Jaora – Nayagaon Q3 43.9 44.9 43.7 52.4 54.4 3.7% Road Company Pvt Ltd. Road Project Q4 42.4 45.5 46.7 54.3 58.4 7.5% 175.4 15
Slide 25: Top Executive Management
Top Executive Management Mr. Ashok Katariya Mr. Satish Parakh Mr. Sanjay Londhe Mr. Ashish A. Kataria Mr. Paresh Mehta Chairman Managing Director Whole Time Director Whole Time Director Chief Financial Officer • In 1976, Mr. Katariya laid the • Mr. Parakh’s association • Mr. Londhe heads the • Mr. A
Slide 26: Experienced Board of Directors
Experienced Board of Directors Mr. Ashok Katariya Mr. Satish Parakh Mr. Sanjay Londhe Mr. Ashish Kataria Chairman Managing Director Whole Time Director Whole Time Director Mr. Mario Nazareth Mr. Nikhilesh Panchal Mr. Mahendra Mehta Ms. Shilpa Hiran Independent Director Independent Director Independe
Slide 27: Current Signature Project - Mopa Airport Link Road, Goa
Current Signature Project - Mopa Airport Link Road, Goa MOPA AIRPORT LINK ROAD – GOA Project Length : 6.58 km with elevated portion of 4.4 km • A new airport for Goa has been built near village Mopa. At present the connectivity to the airport is through existing village road. However, being an inter
Slide 28: Signature Projects showcasing Project Execution Capabilities
Signature Projects showcasing Project Execution Capabilities India’s First 8 Lane Extra Dosed Cable Stayed Bridge Built in 33 Months • Despite flood situations in 2 consecutive years and the pandemic, team Ashoka completed this prestigious 8 lanes bridge across Narmada river in Gujarat in Record tim
Slide 29: Marquee Clients
Marquee Clients ….and many more 28 Developing Infrastructure for Better Tomorrow
Slide 30: Awards & Recognition
Awards & Recognition Construction Times Awards 2023 Best Executed Bridge Project Award Achievement of Safety Health and Environment (Panagrah Palashit Road Project) CIA Construction & Infrastructure Awards Best Company in Bridges for Excellence in Construction of Superstructures Safe-Tech Award Most
Slide 31: Thank You
THANK YOU Company: Ashoka Buildcon Limited Investor Relations: Strategic Growth Advisors (SGA) CIN: L45200MH1993PLC071970 CIN: U74140MH2010PTC204285 Mr. Paresh Mehta (CFO) Mr. Jigar Kavaiya / Mr. Harsh Shah paresh.mehta@ashokabuildcon.com Jigar.kavaiya@sgapl.net / harsh.shah@sgapl.net Tel: 0253 - 66