Dilip Buildcon Ltd. · NSE:DBL
Dilip Buildcon — Q1 FY2023 Earnings Presentation
36 slides from Dilip Buildcon's earnings presentation, Aug 12, 2022
Slide 1: Dilip Buildcon Limited – Investor Presentation Cover Letter
DTLIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND Date: August 12,2022 To To BSE Limited National Stock Exchange of India Ltd. Listing Department Exchange PlazU C-1, Block G P.J Tower, Dalal Street BandraKurla Complex, Mumbai - 400001 Bandra (E), Mumbai - 400051 Stock Symbol -540047 Stock Symbol-DBL Su
Slide 2: Earnings Presentation Q1FY23
Dilip Buildcon EARNINGS Limited PRESENTATION Q1FY23
Slide 3: Table of Content
Table of Content 03 11 18 Business Highlights Standalone Financial Consolidated Highlights Financial Highlights 20 23 29 Divestment Key Projects Update Company Overview
Slide 4: Business Highlights
~ NX Business Highlights
Slide 5: Highlights
Highlights Won new projects Won 5 projects worth ₹ 60,940 mn in the state of Jharkhand, worth ₹ 60,940 mn 1 Gujarat and Madhya Pradesh across 3 sectors viz. road, metro and irrigation Completion (COD) of Completed 1 HAM road project worth ₹ 7,190 mn, 55 projects 2 days prior to schedule completion d
Slide 6: Projects won during FY23
Projects won during FY23 (₹ mn) Contract Period in Value Project Name Type State Name of Employer which order excluding won GST Mehgama-Hansdiha Road Jharkhand National Highway Authority of India 9,760* Q1 Urga-Pathalgaon Road Jharkhand National Highway Authority of India 19,550* Q1 Surat Metro Rail
Slide 7: Projects completed during FY23
Projects completed during FY23 (₹ mn) Scheduled Date of Name EPC Cost Actual Early Type of Length Completion including of the Project Name State excluding Completion Completion Work (Kms) EOT (Extension of Employer GST Date Days Time) Sangli-Solapur (Package I: Sangli to NHAI Maharashtra HAM 7,190 4
Slide 8: Order Book – Business Division Wise
Order Book – Business Division Wise As on 30th June 2022 - Order Book – ₹ 2,51,602 mn * ROADS & HIGHWAYS METRO IRRIGATION SPECIAL BRIDGES ₹ 1,18,390 mn - 47.05% ₹ 1,642 mn - 0.65% ₹ 41,808 mn - 16.62% TUNNEL MINING AIRPORT ₹ 22,559 mn - 8.97% ₹ 56,288 mn - 22.37% ₹ 830 mn - 0.33% ₹ 10,086 mn - 4.01%
Slide 9: Order Book – Year-wise Trend
Order Book – Year-wise Trend 3,00 ,000 (₹ mn) 2,74,114 2,54,949 2,51,602 * 2,38,881 2,50 ,000 2,11,718 2,00 ,000 1,90,718 1,75,683 1,50 ,000 1,07,787 1,00 ,000 50 ,0 00 0 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Q1FY23 * Order Book including orders won during Q2FY23 stood at ₹ 2,72,623 mn Earnings Present
Slide 10: Order Book – Client-wise as on 30th June 2022
Order Book – Client-wise as on 30th June 2022 of the order book from the Central 78% Government 22% of the order book from the state government 60 .0 0% 25 .0 0% 51.11% 50 .0 0% 20 .0 0% 19.62% 40 .0 0% 15 .0 0% 30 .0 0% 20.05% 10 .0 0% 20 .0 0% 5.00 % 10 .0 0% 5.89% 2.32% 0.68% 0.33% 0.00 % 0.00 %
Slide 11: Order Book – Geography-wise and Contract type-wise
Order Book – Geography-wise and Contract type-wise Order Book Geography-wise as on 30th June 2022 Order Book Contract type-wise as on 30th June 2022 Karnataka, Bihar, 2.30% Himachal Pradesh, Odisha, 14.21% 2.25% 8.13%% Uttarakhand, Chhattisgarh, 3.63%% HAM, 45% 4.66% Gujarat, 14.00%% Uttar Pradesh,
Slide 12: Standalone Financial Highlights
Standalone Financial Highlights
Slide 13: Results Summary – Q1FY23 (Standalone)
Results Summary – Q1FY23 (Standalone) (₹ mn) Revenue from Operations EBITDA excl. other income Profit after Tax 4,000 26,215 2,828 270 21,463 2,054 198 - Q1FY22 Q1FY23 Q1FY22 Q1FY23 Q1FY22 Q1FY23 Roads, Special- Irrigation Metros, Airports Mining Bridges & 16% 156% & Urban 110% 27% Tunnels Developme
Slide 14: Result Update – Q1FY23 (Standalone)
Result Update – Q1FY23 (Standalone) (₹ mn) Particulars Q1FY23 Q4FY22 Q1FY22 FY22 FY21 Revenue 26,215 25,062 21,463 90,061 92,089 Operating expenses 24,161 22,694 18,634 82,525 77,399 EBITDA excl. other income 2,054 2,368 2,828 7,536 14,690 EBITDA Margin (%) 7.84% 9.45% 13.18% 8.37% 15.95% Other inco
Slide 15: Standalone Balance Sheet
Standalone Balance Sheet (₹ mn) Particulars June’22 Mar’22 June’21 Particulars June’22 Mar’22 June’21 ASSETS EQUITY AND LIABILITIES Non-current assets Equity (a) Property, plant and equipment 15,540 16,448 18,763 (a) Equity share capital 1,462 1,462 1,462 (b) Capital work in progress 9 - 4 (b) Other
Slide 16: Standalone Cash Flow
Standalone Cash Flow (₹ mn) Particulars Q1FY23 Particulars Q1FY23 CASH FLOW FROM OPERATING ACTIVITIES CASH FLOW FROM INVESTMENT ACTIVITIES Net profit before tax as per Statement of Profit and Loss 182 Purchase of Fixed Assets (91) Adjustments for: Sale of Fixed Assets 45 Depreciation 975 Expenditure
Slide 17: Net Working Capital Days – Quarterly
Net Working Capital Days – Quarterly 16 0 14 0 12 0 114 107 104 102 100 101 100 10 0 96 96 93 97 90 89 85 87 91 83 82 86 82 80 80 82 80 75 69 69 69 71 66 66 63 63 60 59 60 57 60 59 58 55 56 55 53 51 48 49 50 49 49 47 44 40 42 20 102 95 86 91 89 100 105 104 111 106 111 113 121 120 126 138 132 0 June'
Slide 18: Net Debt To Equity Ratio – Quarterly
Net Debt To Equity Ratio – Quarterly (Working Capital & Equipment Debt) Net Debt/Equity Equipment Debt/Equity Working Capital Debt/Equity 0.55 0.51 0.57 0.58 0.60 0.48 0.45 0.54 0.53 0.46 0.51 0.53 0.44 0.51 0.39 0.35 0.46 0.32 0.30 0.36 0.25 0.23 0.22 0.20 1.01 0.17 0.15 0.95 0.92 0.87 0.81 0.90 0.
Slide 19: Consolidated Financial Highlights
Consolidated Financial Highlights
Slide 20: Consolidated Profit & Loss
Consolidated Profit & Loss (₹ mn) Particulars (₹ mn) Q1FY23 Q4FY22 Q1FY22 FY22 FY21 Revenue from Operations 28,844 26,637 24,383 95,664 1,01,683 Other income 219 52 151 384 422 Total Income 29,062 26.689 24,534 96,048 1,02,015 Expenses Cost of materials consumed 25,693 23,001 18,473 82,710 75,721 Ch
Slide 21: Divestment
~ NX Divestment
Slide 22: Divestment of Road Assets
Divestment of Road Assets The company committed 13 DIVESTMENT HAM Assets for Divestment to COMPLETED Cube -3 & Shrem InvIT-10 Divestment Completed for 3 HAM Projects ₹ 4,411 mn at 1.46x Valuation DIVESTMENT UNDERWAY Expected Divestment Consideration from 10 HAM Projects ~ ₹ 23,490 mn (₹ 6,165* mn in
Slide 23: Equity Tracker for HAM & Coal Projects
Equity Tracker for HAM & Coal Projects (₹ mn) Actual Invested 9M 22-23 FY 23-24 FY 24-25 FY 25-26 FY 27 to FY29 Particulars Requirement Till June-22 Projected Projected Projected Projected Projected Investment in 25 HAM Projects @ 34,089 18,848 8,600 3,127 2,965 549 - Investment for Siarmal Coal Pro
Slide 24: Key Projects Update
~ NX Key Projects Update
Slide 25: Hybrid Road Projects – Progress
Hybrid Road Projects – Progress % of work done as on Sr. No Project Name Payment Milestone (Grant) Achieved Appointed Date 31.07.2022 1 DBL Borgaon Watambare Highways Private Limited # PCOD achieved on 24.09.2021 22.04.2019 100.00 2 DBL Mangalwedha Solapur Highways Private Limited # PCOD achieved on
Slide 26: Hybrid Road Projects – Progress
Hybrid Road Projects – Progress % of work done as on Sr. No Project Name Payment Milestone (Grant) Achieved Appointed Date 31.07.2022 14 Dodaballapur- Hoskote Highways Private Limited 3rd PM, 50% Physical Progress 22.02.2021 63.25 15 Repallewada Highways Limited 3rd PM, 50% Physical Progress 01.03.2
Slide 27: Key Outstanding Road EPC Projects
Key Outstanding Road EPC Projects (₹ mn) Contract Outstanding Order Book Length Date of Schedule Date of Project Name LOA Date Value as on 30.06.2022 (Kms) Start Completion with EOT Nagpur Mumbai Super Communication Expressway (Package 12) 16,980 102 45.65 Aug-18 Jan-19 Dec-22 Varanasi to Dagmagpur
Slide 28: Airport, Mining And Irrigation Projects
Airport, Mining And Irrigation Projects (₹ mn) Airport Contract Outstanding Order Book as Date of Schedule Date of Project Name LOA Date Value on 30.06.2022 Start Completion with EOT Construction of New Greenfield Airport at Hirasar, Rajkot 5,701 830 Aug-18 Feb-20 Dec-22 Mining Contract Outstanding
Slide 29: Special Bridges, Metro And Tunnel Projects
Special Bridges, Metro And Tunnel Projects (₹ mn) Special Bridge Contract Outstanding Order Book as Date of Schedule Date of Project Name LOA Date Value on 30.06.2022 Start Completion with EOT Zuari Bridge (Package II) 5,454 344 Feb-16 April-16 Sep-22 Extra-dosed bridge across Sharavathi backwaters
Slide 30: Company Overview
~ NX Company Overview
Slide 31: Overview
Overview Pan India presence 19 states & 1 Union Territory Largest employer in construction industry 27,742 employees Largest owner of Diversified areas of expertise Roads, special bridges, tunnels, metros, construction equipments 11,196 airports, irrigation & mining No subcontracting, vertically Ear
Slide 32: Our Journey
Our Journey After building an enviable reputation for Continuing with its plan of ahead-of-time-execution in its home state, sector expansion, the Company The Company successfully sells its the Company decides to foray outside for The young firm enters mining segment, where it complete portfolio of
Slide 33: Pan India Project Execution Capability
Pan India Project Execution Capability (₹ mn) Himachal Pradesh State Completed Ongoing Gross Ongoing Net Punjab Andhra Pradesh 42,795 7,555 6,799 Uttarakhand Bihar - 12,699 5,781 Chhattisgarh 7,038 18,407 11,735 Goa 9,827 5,454 344 Haryana Uttar Pradesh Gujarat 9,589 48,894 35,221 Rajasthan Bihar Ha
Slide 34: Backward Integration
Backward Integration Octagonal Pipe Metal Beam Road Marking Bus Sign Scaffolding Poles Rolling Crash Barrier Paint Shelter Boards Bearing & Reinforced Fabricated Casting Overhead Overhead Foundry Expansion Joint Earth Walls Panels and Moulds Gantries Cantilevers To further support our in-house execu
Slide 35: Leadership Team
Leadership Team Mr. Dilip Suryavanshi Bharat Singh Chairman and MD President Dilip Suryavanshi is the Chairman and Managing Director Bharat Singh joined Dilip Builders in 1988, prior to which he of our Company. He holds a bachelors degree in civil had a sole proprietorship concern. He has 36 years w
Slide 36: Thank You
Dilip Buildcon Limited Plot No. 5, Inside Govind Narayan Singh Gate, Chuna Bhatti, Kolar Road, Bhopal Madhya Pradesh - 462 016 0755 - 4029999 0755 - 4029998 db@dilipbuildcon.co.in L45201MP2006PLC018689 Thank You S-ancial Technologies Pvt Ltd Mr. Nikunj Jain / Mr. Bhavya Shah Contact No : +91 9769060