Antony Waste Handling Cell Ltd. · NSE:AWHCL
Antony Waste Handling Cell — Q4 FY2024 Earnings Presentation
43 slides from Antony Waste Handling Cell's earnings presentation, May 27, 2024
Slide 1: Cover letter to National Stock Exchange
CIN: L90001MH2001PLC130485West) - 400601Phone: 022 – 4213 0300 | Email: info@antonyasia.com | Website: www.antony-waste.com Ref.: AW/SEC/NSE/2024-25/15 Date: May 27, 2024 To, Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No.C-1, Block G, Bandra-Kurla Com
Slide 2: Q4 & FY24 Investor Presentation
Antony Waste Handing Cell Limited Q4 & FY24 Investor Presentation 1
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Antony Waste Handling Cell Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 4: Key Milestones Achieved During FY24
Key Milestones Achieved During FY24 Inaugurated Awarded Awarded 14-MW WTE Plant, C&T Project in Bio Mining Project began Green Power Panvel in CIDCO Sales to the PCMC ₹30 million+ Record 22,000+ Contributed to the Sale of Refused Hours of Training Derived Fuel betterment of Provided society 37 milli
Slide 5: Consolidated Financial Highlights – FY24
Consolidated Financial Highlights – FY24 MMT of Waste Handled 4.66 ₹ 896 Cr. Total Revenue Lakh tons of Refused Derived Fuel Sold 1.47 ₹ 202 Cr. EBITDA Tons of Compost Sold 9,973 ₹ 100 Cr. Profit After Tax Sustainability with growth …….. 4
Slide 6: Committed to Sustainability with Growth
Committed to Sustainability with Growth…….. Market Operational Strong Financial Leader Excellence Performance Operates Largest Single location waste processing 2,301 Revenue FY24 Leading plant in Asia Player in SWM Industry Vehicle fleet(1) ₹ 896 cr. 9 States Net Profit FY24 Processing ~90% (Project
Slide 7: Industry Dynamics
Industry Dynamics India’s Waste Management Industry has enormous growth potential On average India practices higher open dumping vs global average Waste Management Industry (FY22) Compost Recycled Global Indian 10% 5% Compost ₹ ₹ W2E 13% 18% 35,500 45 bn bn Size of Domestic Waste Landfill Size of Gl
Slide 8: Presence Across Value Chain
Presence Across Value Chain Municipal Solid Waste Generation Collection & Transportation Transfer Station (Secondary Storage & Segregation) Types of Construction & Organic Recyclables Inert waste Demolition Processing Bio- Reuse/ Composting methanation Gasification Incineration Pyrolysis Landfilling
Slide 9: Journey of Antony so far
Journey of Antony so far…. Awarded a new C&T project by Jhansi Smart City Limited Awarded a new Bio-mining contract by GNIDA Awarded a new C&T project for NMMC Awarded new C&T project from City - Sadar Paharganj Awarded MSW Wins Kanjurmarg landfill project Awarded mechanized sweeping p
Slide 10: Our Core Competencies
Our Core Competencies Access to technology Experienced management team with backed vehicles and strong domain expertise equipment enables us to manage our operations efficiently A leading service provider in Diversified business Municipal Solid Waste model management sector with end- to-end capabili
Slide 11: End-to-end waste management capabilities
End-to-end waste management capabilities… Involves door to door collection of MSW from households, commercial establishments etc. 1 Door to door collection Strong C&T capabilities with a large fleet of vehicles. Transportation 2 Waste is transported to the processing facility, transfer station or a
Slide 12: …with diversified revenue streams…
…with diversified revenue streams… MSW C&T MSW Processing Contract & Others 62% 23% 15% Revenue Revenue Revenue Contribution Contribution Contribution • Door to door collection through primary collection • Involve sorting & segregating waste received from • Integrated mechanical & manual sweeping of
Slide 13: …and a De-Risked business model
…and a De-Risked business model. Factors de-risking the business model Revenue from operations Staggered revenue Partly hedged for (Rs. In Cr) % Revenue stream major costs C&T of MSW Contribution Projects diversified Tipping Fees with built- MSW Processing 130 across timelines in escalations Contrac
Slide 14: Experience in Project Execution Across the Country
Experience in Project Execution Across the Country Collection and Mechanised Waste Processing & Construction and Transportation Sweeping Disposal Demolition Waste Greater Noida Greater Noida 24 Jaypee International Sports CIDCO Jhansi Ongoing projects Mumbai – Borivali & Dahisar Nagpur Nagpur Nashik
Slide 15: All India Ranking as per Swachh Bharat Survey – 2023
All India Ranking as per Swachh Bharat Survey – 2023 Ranking 3rd 14th 7th 13th 1st Navi Mumbai NOIDA New Delhi Pimpri Chinchwad Varanasi Category >1 Lakh >1 Lakh >1 Lakh >1 Lakh Cleanest Ganga Population Population Population Population Towns Leading Player in Indian Municipal Solid Waste Management
Slide 16: One of the largest single location plant in Asia
One of the largest single location plant* in Asia 2010-2036 ~5,800 Tonnes ~90% Project Tenure Currently handling waste per day Of waste generated in Mumbai is handled at Kanjurmarg site ~13 Years 14.62 mmt Project scope Balance Tenure Since project inception till March 2024 • Design, Construction, o
Slide 17: Integrated Waste-to-Energy Project
Integrated Waste-to-Energy Project Inaugurated on August 1, 2023 by Shri Narendra Modi, Hon’ble Prime Minister of India Project is estimated to save ~7 lakhs tons of CO2 annually, equivalent to ~1.5 lakhs passenger Integrated Project Pre-processing, Composting, Power cars' emissions. generation and
Slide 18: Access to Technology Backed Vehicles & Equipment
Access to Technology Backed Vehicles & Equipment Collection and Transportation Technological Intervention Small Tipper – Drain Stilt 1,502 Compactor - Dumper Placer - Power Sweeping Big Tipper - Machine & Others Hook Loader - Electric Vehicle – 448 48 Machine - 15 76 47 - 73 92 2,212 out of 2,301 ve
Slide 19: Promoters & Board of Directors
Promoters & Board of Directors Promoter Directors Jose Jacob Kallarakal Shiju Jacob Kallarakal Shiju Antony Kallarakal ▪ >20 years experience in waste ▪ > 20 years of experience in waste ▪ > 20 years of experience in automobile management management sector and more than 6 years in waste ▪ Majorly re
Slide 20: Our Strategy
Our Strategy Capitalize on growth opportunities in MSW management sector Continue with rational selection of projects and strategically expand our geographical footprint Moving up MSW value chain by diversifying into emerging waste management areas Focus on enhancing operational efficiency Cluster b
Slide 21: Emerging areas of growth
Emerging areas of growth Biomethanation Waste Population Approx. Capex Qty Treatment option Products (‘000) (Rs. lakhs/TPD) o Anaerobic fermentation of bio-degradable waste in an enclosed space - (TPD) generates methane rich bio-gas fuel and sludge, used for making compost o Like composting, biometh
Slide 22: An ESG Centric Business
An ESG Centric Business Sustainability with growth …….. 21
Slide 23: Sustainable Synergy: Our Commitment to Environmental Stewardship
Sustainable Synergy : Our Commitment to Environmental Stewardship 1 2 3 4 5 6 7 At Kanjur, Greenhouse Specialised Company and 37+ Mn of Leachate Air Emissions making Refuse gases captured Fleet comply two of its Green Units treatment are within Derived Fuel to from BLF with latest material generated
Slide 24: People-First Principles: Fostering Social Growth and Inclusion
People-First Principles : Fostering Social Growth and Inclusion 1 2 3 4 5 6 7 Implementation of The POSH policy is >80% of our sites All our Employees Responsible & CSR initiatives All sites adhere to Regular Training implemented with are having and Workers are Ethical Suppliers focused on best prac
Slide 25: Integrity in Leadership: Governing with Transparency and Accountability
Integrity in Leadership: Governing with Transparency and Accountability 1 2 3 4 5 6 The diverse 6- Audit, Nomination Vigil Mechanism/ Code of Conduct The anti-corruption There are no member Board, led Remuneration, and Whistle-blower applies to all and bribery policy unresolved investor by the Chair
Slide 26: ESG Performance at Glance
ESG Performance at Glance Scope 1 Emission Scope 2 Emission Emissions Avoided •24,519 (tCO2e) •4,162 (tCO2e) •2,787 (tCO2e) Human Resource Gender Diversity Attrition Rate •Staff – 1,015 •Staff - 3.74% •Staff - 12.36% •Swachhta Warrior – 9,220 •Swachhta Warrior - 2.17% •Swachhta Warrior - 6.11 % Trai
Slide 27: Financial Highlights
anTony/waste Financial Highlights
Slide 28: Quarterly Highlights
Quarterly Highlights Total Revenue (Rs. in Cr) EBITDA (Rs. in Cr) PAT (Rs. in Cr) 56 52 32 50 30 240 49 29 230 46 46 28 222 227 223 218 44 26 205 210 39 193 23 34 16 16 12 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY22 FY23 FY23 FY23 FY23 FY24 FY24 FY24 FY24 FY
Slide 29: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (in Rs. Crs) Q4FY24 Q4FY23 Y-o-Y Q3FY24 Q-o-Q FY24 FY23 Y-o-Y Revenue from MSW C&T 140.2 123.9 13% 139.7 0% 557.5 468.4 19% Revenue from MSW Processing 55.5 44.8 24% 53.4 4% 208.6 174.5 19% Total operating Revenue 195.7 168.7 16% 193.1 1% 766.1 64
Slide 30: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Assets (Rs. Crs) Mar-24 Mar-23 Equity & Liabilities (Rs. Crs) Mar-24 Mar-23 Non - Current Assets 1,059.2 893.0 Total Equity 718.4 616.8 Property Plant & Equipment 271.8 190.3 Share Capital 14.2 14.1 CWIP 31.2 31.3 Reserves & Surplus 559.5 471.6 Right-of-Use Asset
Slide 31: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. Crs) Mar-24 Mar-23 Net Profit Before Tax 109.1 102.3 Adjustments for: Non -Cash Items / Other Investment or Financial Items 69.9 64.2 Operating profit before working capital changes 179.0 166.5 Changes in working capital -12.2 -42.5 Cash generated fr
Slide 32: Credit Rating
Credit Rating Company Name Agency Rating Amount (in Lakh) Instrument Detailed Rationale Antony Waste CARE BBB+; Stable 1,650 Working Capital Limits • Ratings of Antony Lara Enviro Solutions Private Limited (ALESPL), Handling Cell CARE Rating CARE A3+ 1,900 Bank Guarantee material subsidiary of the C
Slide 33: Consolidated Financial Highlights
Consolidated Financial Highlights PBT before exceptional item Revenue (Rs. in Cr) EBITDA (Rs. in Cr) & EBITDA Margin (%) (Rs. in Cr) & PBT Margin (%) 896 877 30.0% 18.3% 27.1% 22.5% 16.9% 130 25.0% 12.2% 19.2% 14.7% 11.7% 113 232 168 102 167 202 667 140 85 209 130 109 71 99 175 481 465 151 52 62 FY2
Slide 34: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (in Rs. Crs) FY24 FY23 FY22 FY21 FY20 Revenue from MSW C&T 557.5 468.4 417.2 297.3 269.0 Revenue from MSW Processing 208.6 174.5 150.8 131.9 133.2 Total operating Revenue 766.1 643.0 568.0 429.2 402.2 Contract & Others 130.4 232.2 98.7 51.5 62.4 T
Slide 35: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Assets (Rs. Crs) Mar-24 Mar-23 Mar-22 Mar-21 Mar-20 Equity & Liabilities (Rs. Crs) Mar-24 Mar-23 Mar-22 Mar-21 Mar-20 Non - Current Assets 1,059.2 893.0 618.5 481.2 475.8 Total Equity 718.4 616.8 532.7 442.6 299.9 Property Plant & Equipment 271.8 190.3 114.4 123.
Slide 36: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. Crs) Mar-24 Sep-23 Mar-23 Mar-22 Mar-21 Mar-20 Net Profit Before Tax 109.1 73.0 102.3 102.3 70.6 82.0 Adjustments for: Non -Cash Items / Other Investment or Financial Items 69.9 19.6 64.2 51.6 48.6 54.2 Operating profit before working capital changes
Slide 37: Annexures
y ANTONY Annexures
Slide 38: Quality Cum Cost Based Bidding Process
Quality Cum Cost Based Bidding Process ▪ Project area analysis ▪ Compliance with various covenants for project ▪ Feasibility study - Project report closure ▪ Key Execution & Admin. risks ▪ For projects on operation and maintenance basis, ▪ Route map study entire vehicle fleet is required to be retur
Slide 39: Current Group structure
Current Group structure JV Partner Lara Central De Tratamento De Residuos LTDA, Brazil 27% 73% 100% 100% 100% 100% Antony 51% 49% 25% Recycling 73% Collection and Providing Waste Integrated waste Collection and Mechanical power Management Management transportation of transportation of sweeping of ro
Slide 40: Proposed Group structure
Proposed Group structure JV Partner Lara Central De Tratamento De Residuos LTDA, Brazil 27% 73% 100% 100% Kerzellion Facility Management Services PROPOSED Antony Pvt. Ltd. MERGER 98% Recycling 51% 49% 2% Collection and transportation of waste Providing Waste Integrated waste Management Management fa
Slide 41: Our Operations & Facilities
Our Operations & Facilities Material Recovery Facility Bio-reactor Landfill Gas Collection Composting Sustainability with growth …….. 40
Slide 42: Abbreviations
Abbreviations ▪ ALESPL: Antony Lara Enviro Solutions Private Limited ▪ SLF: Sanitary Landfill ▪ AWHCL: Antony Waste Handling Cell Limited ▪ SWM: Solid Waste Management ▪ BN : Billion ▪ TMC: The Thane Municipal Corporation ▪ BLF: Bio-Reactor Landfill ▪ TPD: Ton / Day ▪ C&T: Collection and Transportat
Slide 43: Thank You
Thank You Company : Investor Relations Advisor : CIN: L90001MH2001PLC130485 CIN: U74140MH2010PTC204285 Mr. Subramanian NG Mr. Jigar Kavaiya / Mr. Pratik Shah E: Investor.relations@antonywaste.in E: jigar.kavaiya@sgapl.net / p.s.shah@sgapl.net T: +91 9920602034 / +91 9870030585 www.antony-waste.com w
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