Markolines Pavement Technologies Limited · NSE:MARKOLINES
Markolines Pavement Technologies — H2 FY2024 Earnings Presentation
38 slides from Markolines Pavement Technologies's earnings presentation, May 31, 2024
Slide 1: Cover letter to BSE on investors' presentation
= =—— Markolines’ Date: 315' May, 2024 To, The Manager, Department of Corporate Services, Bombay Stock Exchange Limited P. J. Tower, Dalal Street, Mumbai - 400 001. Subject: Investors' Presentation on Audited Financial Results for the Half-year and year ended on 31% March, 2024, Ref: Regulation 30 S
Slide 2: India's Leading Highway Maintenance Company
(FORMERLY MARKOLINES TRAFFIC CONTROLS LTD) India’s Leading Highway Maintenance Company PAVING THE PATH TOWARDS AN INNOVATIVE FUTURE ee 8 ® ees Ee Ma rkol I nes Investor presentation H2 & FY2024
Slide 3: Contents
Se ee ® ® == Markolines CONTENTS About Us Industry Overview Annual Financial Overview + Markolines in Numbers + Industry Overview (India) + Annual Financial Highlights + Performance Highlights — H2FY24 + Opportunities + Annual Profit & Loss + Order book Summary + National Highway + Annual Balance Sh
Slide 4: Markolines in Numbers
= Markolines MARKOLINES IN NUMBERS Lane KM Lac Sqm of CIPR Work Lane KM Lane KM Order book as Microsurfacing MMR Work in FDR Work in on 31st Mar Experience in work in India India 2024 India India All data points mentioned above are as on 3ist Mar 2024
Slide 5: Key Highlights for H2FY2024
KEY HIGHLIGHTS FOR H2FY2024 TOTAL INCOME FROM OPERATIONS EPS up 37.2% YOY & 66.4% HOH Up 23.7% YOY & 84.3% HOH EBITDA EBITDA Margin up 38.6% YoY & 69.6% HOH up 10.6 bps YoY & 19.2 bps HOH PBT* PBT Margin* up 28.5% YoY & 100.7% HOH up 134.4 bps HoH PAT PAT Margin* up 23.7% YOY & 84.3% HOH up 68.8 bps
Slide 6: Order Book Summary
—— = Markolines ORDER BOOK SUMMARY Amounts in @ Crore Opening Order Book Orders Executed segment Order Book as on in H2FY24 as on 01-10-2023 31-03-2024 Major 504 217 287 Maintenance Orders under 500 discussion INVESTOR PRESENTATION
Slide 7: Half Yearly Profit & Loss Statement
ben eae == Markolines HALF YEARLY PROFIT & LOSS STATEMENT Amounts in ¢ Crore ae ae aes) YoY (%) HoH (%) FY24 FY23 YoY (%) Total Income from Operations 219.5 131.9 160.0 66.4 351.4 312.4 12.5 Cost of Materials Consumed 69.4 40.2 14.3 384.0 72.5 109.7 31.7 246.2 Employees Expenses 10.9 12.6 22.6 (51.7
Slide 8: Markolines at a glance
= Markolines Markolines at a glance Founded in 2002 with Transformed into India’s Only Company in India Only Company in India PAN India presence single product: Road Largest Maintenance with a Technology providing a Complete Marking Company in the Centre for pavement Spectrum of Services highway sec
Slide 9: Our Journey
=e = Markolines OUR JOURNEY + Incorporated Mark-O-line + Ventured into Highway + Ventured into Micro + Started Major + Became India’s largest Traffic Controls Pvt. Ltd. Operation & surfacing Maintenance & Repairs O&M Company + Started Thermoplastic Maintenance (O&M) + Partnered with Bergkamp (MMR) f
Slide 10: Winning Culture
= Markolines WINNING CULTURE Excellent Regional & cultural Efficient Contingency & Risk Customer Centric and understanding management Proactive approach Strict adherence to 100% Compliance of Focus on Health, Safety, Security SOPs and Ethical practices statutory requirements and Environment (HSSE) P
Slide 11: Core Services
_ Markolines = tee a O + PREVENTIVE MAINTENANCE + MICRO SURFACING + SOIL STABILIZATION + MAJOR MAINTENANCE & REPAIRS (MMR) + COLD IN PLACE RECYCLING (CIPR) + TUNNELING
Slide 12: Highway Maintenance: Preventive Maintenance
Markolines Ks HIGHWAY MAINTENANCE PREVENTIVE MAINTENANCE PrEVENtIVE MGINLENGNCE IS ef=\sie)saal=fe lila) f=ss ele) al\-) Wo) dale le [=1eJ(o) so (=)r-\elo) fel aiale) gelere| that requires action before the problem gets out of hand. Roads are among the most important public assets involving massive
Slide 13: Highway Maintenance: Major Maintenance & Repairs
a la coll ales HIGHWAY MAINTENANCE MAJOR MAINTENANCE & REPAIRS (MMR) It involves removing one or more layers of the existing road and replacing them with new one. Being Major Projects, it requires meticulous planning and careful execution. + A detailed study of the project is undertaken by an experi
Slide 14: Specialized Maintenance Services: Micro Surfacing
Markolines Ks SPECIALIZED MAINTENANCE SERVICES MICRO SURFACING Oo, Micro surfacing is a mix of polymer modified asphalt emulsion, graded aggregate, cement, water and additives and is of two types: + 4mmto6 mm thick (Type I!) + 6mmto8 mm thick (Type III) Advantages of Micro surfacing + Cost - Effecti
Slide 15: Specialized Maintenance Services: Cold In Place Recycling
Markolines Ks SPECIALIZED MAINTENANCE SERVICES COLD IN PLACE RECYCLING (CIPR) + CIPR involves removing and reusing the existing asphalt surface. It grinding off the top layer (up to 200mm) of the existing Correct deep asphalt defects such as rutting, fatigue (alligator) asphalt surface and mixing th
Slide 16: Specialized Construction Services: Soil Stabilization / FDR
Se == Markolines SPECIALIZED CONSTRUCTION SERVICES SOIL STABILIZATION / FDR Benefits of Soil Stabilization + Soil stabilization is the process of treating soil of low bearing capacity with additives like cement, lime, or chemical agents to enhance its strength and improve moisture susceptibility Inc
Slide 17: Specialized Construction Services: Tunneling
Markolines KK SPECIALIZED CONSTRUCTION SERVICES RTS te oie Due to the vast expanse and variety of terrain across India, there is a huge scope and potential for building tunnels in various infrastructure Industries like roads, railways, and pipelines etc. Various degrees of complexity depending on fu
Slide 18: Investor Presentation
INVESTOR PRESENTATION
Slide 19: Managing Director
Markolines Ks Founder, Chairman and Managing Director MR. SANJAY B PATIL + Founded Markolines as a road marking company in 2002. + Backed by a rich experience of over 25 years, he successfully transformed Markolines from a single product company to a leading player with large number of services in r
Slide 20: Founder & Chief Financial Officer
Markolines KK Founder & Chief Financial Officer VIS MaYA Pye mel) a0 + Oversees operations of all divisions at Markolines. His knowledge of several business domains is beneficial in designing and implementing strategies and processes that keeps the company focused on its vision. + Vijay Oswal's shar
Slide 21: Director
Markolines KK a ae) Director MR. KARAN BORA + Anew entrant in the management to assist in the field of Business Development and Finance. + Karan is a young and energetic leader with high integrity. His knowledge of Engineering helps him to understand the business at core. His excellent communication
Slide 22: Director - Technical
Markolines Ks Director - Technical MR. S P NAGARKAR + Leads the company's technology innovation and ecosystem at Markolines. + Having worked on several prestigious projects over a career span of three decades, he has travelled around the globe to study new developments in the sector and apply the la
Slide 23: Our Projects
= Markolines the company is today running several projects across the length and breadth of the country. OUR PROJECTS @ HIGHWAY MANAGEMENT PROJECT MY) MaAsoR MAINTENANCE PROJECT A TUNNELING PROJECT INVESTOR PRESENTATION 22
Slide 24: Our Clientele
Markolines KK OUR CLIENTELE CUBEAIGHWAYS ASHOKA Cranes oncessions TATA REALTY AND INFRASTRUCTURE LIMITED 6 GAMMON Builders to the Nation a™ Corporation ll SWAY — A Navratna Company New Client Added INVESTOR PRESENTATION
Slide 25: Key Drivers
=e == Markolines Track Record Robust Business Model Markolines have a strong track record Markolines is a largest and only O&M of Operation and Maintenance of company offering one-stop solution for Highway assets. Their growth in complete range of Highway turnover over last few years is a proof Main
Slide 26: Opportunity (India)
OQ Vv) c O c 8 < —_ _ > > Lid => = = OPPORTUNITY (INDIA) INVESTOR PRESENTATION Ys}
Slide 27: Industry Overview (India)
ee == Markolines INDUSTRY OVERVIEW (INDIA) 2023-24 National Highways (NH) constructions oo | oo n I oo FYI5 FY16 Rapid Growth in Growing Private Sector . . FYI7 National Highways Involvement FY18 - Highway construction growth 20% * 60 HAM Projects Rolled Out worth over $10 Bn * NHAI Constructed 6,64
Slide 28: Industry Opportunity
a la coll ales INDUSTRY OPPORTUNITY Roads & Highway Infrastructure - Government targeting development of 2 lakh-km national highway network by 2025 * The market for roads and highways in India is projected to exhibit a CAGR of 36.16% during 2016-2025, on account of growing government initiatives to
Slide 29: National Highways Development Project (NHDP)
Markolines = Gia | NATIONAL HIGHWAYS DEVELOPMENT PROJECT (NHDP) The National Highways have a total length of 1,40,995 km, which in totality serve as the arterial network of the country. The development of National Highways is the responsibility of the Government of India. The Government of India had
Slide 30: Bharatmala Pariyojana
= Markolines BHARATMALA PARIYOJANA Bharatmala Pariyojana envisages 60% projects on Hybrid Annuity Mode, 10% projects on BOT(Toll) Mode and 30% projects on EPC mode respectively. Total aggregate length of 25,713 km with a total capital cost of Rs. 7,81,845 crore have been approved and awarded till da
Slide 31: Bharatmala Pariyojana
let al = Gia Markolines BHARATMALA PARIYOJANA Status of Appraisal and Award - Mode of Implementation-wise - Detailed Approved - Total Completed Corridor Type eine Yet to be awarded Awarded + Approved Length (km) Total Capital Total Capital Total Capital Length (km) Length (km) Length (km) Cost (Rs.
Slide 32: Annual Financial Overview
Annual Financial Overview INVESTOR PRESENTATION , * Pa a ’ A ‘ aa
Slide 33: Annual Financial Highlights
= Markolines ANNUAL FINANCIAL HIGHLIGHTS REVENUE (Rs. Cr) EBITDA (Rs. Cr) PAT (Rs. Cr) 17.30 35.91 15.75 347.29 311.80 28.23 23.03 10.10 186.64 157.71 i 13.44 ; 4.02 ; FY 21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 INVESTOR PRESENTATION 32
Slide 34: Annual Profit & Loss Statement
ben eae == Markolines ANNUAL PROFIT & LOSS STATEMENT Amounts in @ Crore 3 0 % Particulars FY21 FY22 Pk FY24 Revenue CAGR Revenue from Operations 157.71 186.64 311.80 347.29 ye Other Income 0.26 0.26 0.63 A414 3 S) OYo Total Income from Operations 157.97 186.90 312.43 351.43 EBITDA CAGR Total Expendi
Slide 35: Annual Balance Sheet
ben eae == Markolines ANNUAL BALANCE SHEET Equity & Liabilities (Rs. Cr) aed ey eX) PL! Assets (Rs. Cr) ar ey) ax) FY24 Share Capital 19.11 19.11 19.11 Property, Plant & Equipment 21.11 29.84 Reserves & Surplus 23.95 51.92 66.71 82.69 Non-Current Investment 0.01 0.01 8.38 10.30 Deferred Tax Assets (
Slide 36: Shareholding Pattern
ee = Markolines SHAREHOLDING PATTERN As on 31* Mar, 2024 71.32% Promoter & Promoter Group
Slide 37: Safe Harbor Statement
Markolines SAFE HARBOR STATEMENT This presentation may contain certain forward-looking statements relating to Markolines Pavement Technologies Limited (hereinafter referred to as “Markolines” or “Company”) and its future business, development and economic performance. These statements include descri
Slide 38: Contact details
/ PAW K BSE: 543364 | BLOOMBERG: MATCL IN-LISIN: INEOFWOOI016 CIN: U99999MH2002PLC156371 — WWW.MARKOLINES.COM Markolines Pavement Technologies Limited KAPTIFY” Consulting Strategy & Investor Relations / Consulting &, +9122- 6266 III (30 Lines) &, +91845 288 6099 © company.secretary@markolines.com ry
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