Ashoka Buildcon Limited · NSE:ASHOKA
Ashoka Buildcon — Q4 FY23 Earnings Presentation
23 slides from Ashoka Buildcon's earnings presentation, May 25, 2023
Slide 1: Cover letter to stock exchanges: result update presentation
Ashoka Buildcon Limited 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 Scri
Slide 2: Investor Presentation May 2023
Investor Presentation May 2023
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 & FY23 Business Highlights
Q4 & FY23 Business Highlights
Slide 5: Q4FY23 Business Highlights (1/2)
Q4FY23 Business Highlights (1/2) Receipt of Letter of Award from MSEDCL in April 2023 • Company has received Letters of Award (LoA) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for Development of Distribution Infrastructure at Seven Circles in the state of Maharashtra • T
Slide 6: Q4FY23 Business Highlights (2/2)
Q4FY23 Business Highlights (2/2) Receipt of Notification of Award (NoA) from South Bihar Power Distribution Corporation Ltd March 2023 • Development of Distribution Infrastructure at Electric Supply Circle PESU (East) & Electric Supply Circle PESU (West) of Bihar under the Revamped Reforms-based and
Slide 7: Q4 & FY23 Financial Performance Highlights
Q4 & FY23 Financial Performance Highlights
Slide 8: 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 6,700 7,127 7,080 6,988 6,895 486 862 869 846 876 270 218 162 216 282 6,214 6,265 6,211 6,142 6,019 829 865 730
Slide 9: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (Rs. Crs.) Q4 FY23 Q4 FY22 Y-o-Y Q3 FY23 Q-o-Q FY23 FY22 Y-o-Y Revenue from Operations 2043.5 1594.7 28% 1559.5 31% 6372.3 4644.6 37% Other Income 24.4 28.0 30.4 105.7 145.7 Total Revenue 2067.9 1622.7 27% 1590.0 30% 6478.0 4790.3 35% Operating Expenses
Slide 10: Standalone Balance Sheet
Standalone Balance Sheet Assets (Rs. Crs.) Mar’23 Mar’22 Equity & Liabilities (Rs. Crs.) Mar’23 Mar’22 Non - Current Assets 2048.6 1,598.9 Total Equity 3,369.7 2,698.7 Property Plant & Equipments 273.2 262.2 Share Capital 140.4 140.4 Capital Work In Progress 28.5 1.8 Other Equity 3,229.4 2,558.4 Int
Slide 11: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Crs.) Q4 FY23 Q4 FY22 Y-o-Y Q3 FY23 Q-o-Q FY23 FY22 Y-o-Y Revenue from Operations 2,448.4 1991.8 23% 1955.8 25% 8100.5 5999.0 35% Other Income 29.5 65.2 40.6 134.6 148.2 Total Revenue 2,478.0 2057.0 20% 1996.4 24% 8235.1 6147.2 34% Operating Expe
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. Crs.) Mar’23 Mar’22 Equity & Liabilities (Rs. Crs.) Mar’23 Mar’22 Non - Current Assets 1,293.8 4,101.5 Total Equity 1,974.8 1,599.9 Property Plant & Equipments 286.8 406.9 Share Capital 140.4 140.4 Capital Work In Progress 62.3 72.6 Other Equity 1,614.2 1,240.5
Slide 13: Cashflow Statement
Cashflow Statement Standalone Consolidated Particulars (Rs. Crs.) Mar’23 Mar’22 Mar’23 Mar’22 Profit Before Exceptional Items & Tax 773.3 -223.6 588.2 932.2 Adjustments for: Non-Cash / Other Items -247.9 769.9 1378.4 861.5 Operating profit before working capital changes 525.4 546.3 1966.6 1793.7 Cha
Slide 14: Business Project Highlights
Business Project Highlights
Slide 15: ABL - Business Structure
ABL - Business Structure Ashoka Buildcon Limited Ashoka Concession Limited (ACL) Unison Enviro Private Limited (UEPL) (ABL owning 66% Stake, Balance with SBI Macquarie) (ABL owning 51% Stake, balance stake with ABL Own Projects % Stake HAM Projects % Stake Morgan Stanley Fund) Katni Bypass 99.9% Kha
Slide 16: Sale of Equity in Multiple Projects
Sale of Equity in Multiple Projects Sale of 100% Equity through Executed SPA with Sale of Equity in subsidiary Unison Enviro Sale of Equity through SPA with National National Investment and Infrastructure Fund Private Limited (UEPL) with Mahanagar Gas Investment and Infrastructure Fund Ltd. (NIIF) L
Slide 17: Strong Order Book
Strong Order Book Segment Breakup Region Breakup Client Breakup 0.2% 5.8% 18.6% 14.7% 25.1% North Road EPC 39.0% South 28.0% 8.9% 36.4% 5.9% Road HAM East Central Govt Building EPC West State Govt 9.8% 12.9% Railways Central 19.8% HAM Power T&D North East 6.7% Private Client 14.1% CGD 11.9% Overseas
Slide 18: HAM Project Portfolio
HAM Project Portfolio PIM Projects % Stake Estimated Estimated Grant Equity PIM Total Debt Annuity Status TPC Est. Grant Est. Contribution (As on 31 st March 2023) (ACL/ABL) Equity Debt Received Invested Received Drawn Received Est. Kharar-Ludhiana 100% COD 1,450 640 160 50 600 602 157 69 568 352 Ra
Slide 19: EPC Current Order Backlog
EPC Current Order Backlog Segment Rs. Crs. Segment Rs. Crs. Roads 8,046 Other EPC Projects 7,759 Tumkur-Shivamoga IV, Karnataka 678 Rajasthan 380 Tumkur - Shivamoga II, Karnataka 161 Jammu & Kashmir 237 Tumkur-Shivamoga III, Karnataka 179 Uttar Pradesh 702 Kandi Ramsanpalle, Telangana 20 Madhya Prad
Slide 20: Gross Toll Collection
Gross Toll Collection Projects (Rs. Crs.) Q4 FY23 Q4 FY22 Y-o-Y Q3 FY23 Q-o-Q FY23 FY22 Y-o-Y ACL Projects Belgaum Dharwad 35.8 30.5 17% 34.0 5% 135.0 104.3 29% Dhankuni Karagpur 121.9 107.3 14% 115.8 5% 466.8 393.6 19% Bhandara 27.9 22.3 25% 25.6 9% 97.9 80.1 22% Durg 32.2 25.5 26% 29.4 9% 112.4 91
Slide 21: Toll Collection
Toll Collection ACL Projects Company Project Period FY20 FY21 FY22 FY23 % Rise Q1 23.7 11.8 18.9 33.9 79% Q2 21.3 20.1 25.1 31.3 25% Ashoka Belgaum Belgaum Dharwad Project Q3 23.4 27.7 29.8 34.0 14% Dharwad Tollway Ltd. Q4 22.6 29.3 30.5 35.8 17% 91.0 88.9 104.3 135.0 29% Q1 90.5 53.6 84.9 117.4 38%
Slide 22: Toll Collection
Toll Collection ACL Projects Company Project Period FY20 FY21 FY22 FY23 % Rise Q1 46.0 22.5 36.8 49.1 33% Q2 43.2 42.4 45.2 51.2 13% Jaora - Nayagaon Toll Jaora – Nayagaon Road Q3 43.9 44.9 43.7 52.4 20% Road Company Pvt Ltd. Project Q4 42.4 45.5 46.7 54.3 16% 175.4 155.4 172.5 207.1 20% Q1 17.1 10.
Slide 23: 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