36 slides from Irb Infrastructure Developers's investor presentation, Aug 1, 2019
Slide 1: Corporate Presentation
Corporate Presentation August 1, 2019
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by IRB Infrastructure Developers Limited (the “Company”) solely for your information and for your use and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organization or firm
Slide 3: Contents
Contents Sr. No Particulars Page No. 1 Key Highlights for Q4 FY2019 4 2 Consolidated Financial Results as on March 31, 2019 5 3 Strong Financial track record 8 4 BOT Toll Revenue Comparative 10 5 Toll Performance 13 6 Other Operational BOT Projects 17 7 BOT Projects under implementation 18 8 BOT Pro
Slide 4: Key Highlights during Q4FY2019
Key Highlights during Q4FY2019* Revenue* EBITDA* PAT*# For Q4FY19 has gone up to Rs.19,989 For Q4FY19 has gone up to Rs. 8,107 For Q4FY19 has gone down to Rs mn from Rs. 14,321 Mn registering a Mn from Rs. 7,087 Mn registering a 2,080 Mn from Rs. 2,398 Mn growth of 40 % over Q4FY18 growth of 14% ove
Slide 5: Consolidated Financial Results (Q4 FY19 vs Q4 FY18)
Consolidated Financial Results Amount in Rs Mn For the Period Ended March 2019 (Quarter) March 2018 (Quarter) Particulars Total All Segments Construction Segment BOT Segment Total All Segments Construction Segment BOT Segment Amt % Amt % Amt % Amt % Amt % Amt % Total Income 19,989.18 100.00 14,344.6
Slide 6: Consolidated Financial Results (Q4 FY19 vs Q3 FY19)
Consolidated Financial Results Amount in Rs Mn For the Period Ended March 2019 (Quarter) December 2018 (Quarter) Particulars Total All Segments Construction Segment BOT Segment Total All Segments Construction Segment BOT Segment Amt % Amt % Amt % Amt % Amt % Amt % Total Income 19,989.18 100.00 14,34
Slide 7: Consolidated Financial Results (FY19 vs FY18)
Consolidated Financial Results Amount in Rs Mn For the Period Ended March 2019 (Year) March 2018 (Year) Particulars Total All Segments Construction Segment BOT Segment Total All Segments Construction Segment BOT Segment Amt % Amt % Amt % Amt % Amt % Amt % Total Income 69,026.18 100.00 47,097.53 100.
Slide 8: Strong Financial Track Record Consolidated Financials
Strong Financial Track Record Consolidated Financials Revenue EBITDA 80,000 35,000 31,715 31,329 69,026 70,000 30,000 28,480 27,874 59,691 58,628 60,000 52,551 25,000 23,247 50,000 Rs. in Mn 20,000 Rs.in Mn 39,605 40,000 15,000 30,000 10,000 20,000 5,000 10,000 - - FY 2015 FY 2016 FY 2017 FY 2018 FY
Slide 9: Strong Financial Track Record Consolidated Financials
Strong Financial Track Record Consolidated Financials Net Worth & ROE Net Debt & Net Debt to Equity Ratio BOT Assets Capital Employed & ROCE 235,000 219,551 218,976 220,850 210,000 185,000 171,632 160,000 143,879 Rs. in Mn 135,000 110,000 85,000 60,000 35,000 10,000 FY 2015 FY 2016 FY 2017 FY 2018 F
Slide 10: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn Sr. Name of the Project FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 Q4FY 2018 Q4FY 2019 No. 1 Mumbai - Pune BOT Project 5,673 6,331 6,819 9,016 9,182 2,271 2,354 2 Ahmedabad – Vadodara 1,566 2,187 3,309 3,808 4,293 1,020 1,144 3 Chittorgarh – Gulabpura BOT (
Slide 11: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn 11
Slide 12: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn 12
Slide 13: Toll Performance (1/4)
Toll Performance (1/4) Ahmadabad Vadodara Amount in Rs Mn Name of Ahmedabad Double digit growth in traffic being witnessed which, the Project Vadodara coupled with interest savings as well as tariff Client NHAI increase for the year, should significantly reduce cash losses for the project State Gu
Slide 14: Toll Performance (2/4)
Toll Performance (2/4) Agra Etawah Name of the Project Agra – Etawah Toll revenue has been affected due to Client NHAI State Uttar Pradesh Temporary impact of low tariff implemented on Lucknow Expressway resulting in diversion of Length (In Kms) 124.52 traffic Project Cost in Rs. Mn 30,440 Premium
Slide 15: Toll Performance (3/4)
Toll Performance (3/4) Solapur Yedeshi: Kaithal - Project performing inline with expectation even with 93% tolling Name of the Solapur Yedeshi Rajasthan as on date. Project Yedeshi Aurangabad Border Robust traffic mix as well as growth momentum bodes well for good return profile of the asset. Cl
Slide 16: Toll Performance (4/4)
Toll Performance (4/4) Kishangarh Name of the Project Udaipur Gujarat Border Gulabpura Chittorgarh Gulabpura Client NHAI NHAI NHAI State Rajasthan / Gujarat Rajasthan Rajasthan Project Cost in Rs. Mn 25,310 20,900 15,260 Premium to be paid (Rs. Mn ) Rs. 1,638 Mn Rs. 2,286 Mn Rs. 1,863 Mn Concession
Slide 17: Other Operational BOT Projects
Other Operational BOT Projects Mumbai Name of the Project Thane Ghodbunder Pune - Nashik Pune Client MSRDC MSRDC MOSRT&H State Maharashtra Maharashtra Maharashtra Length of the Project 206.0 14.9 29.8 (In Kms) Project Cost in Rs. Mn 13,016 2,462 737 Date of Start August 10, 2004 December 24, 2005 Se
Slide 18: BOT Projects Under Implementation
BOT Projects Under Implementation Goa / Karnataka Border Name of the Project to Kundapur Client NHAI State Karnataka Length of the Project (In Kms) 189.6 Project Cost in Rs. Mn 34,470 Grant to be Sought 5,362 Rs. In Mn Concession Period 28 Years Remark Under Construction Expected PCOD October 2019 E
Slide 19: BOT Project - Construction Yet To Commence
BOT Project - Construction Yet To Commence Name of the Project Hapur Moradabad Dettails of the Project Six Laning of Hapur Bypass (Km 50.000) to Moradabad (Km 149.867) Section of NH 9 in the State of Uttar Pradesh (length 99.867 km) under NHDP Phase V on BOT (toll) Basis. Client NHAI State Uttar Pra
Slide 20: Financial Closure achieved for HAM Projects
Financial Closure achieved for HAM Projects Rs in Mil Name of the Project Four laning of Puducherry Four laning of Construction of Eight lane Vadodara Kim (Km. 29.000) to Poondiyankuppam (to Expressway from Km 355.00 to Km 378.740 Poondiyankuppam (Km. Sattanathapuram (Design (Padra to Vadodara Secti
Slide 21: IRB's BOT Road Portfolio
IRB’s BOT Road Portfolio BOT / HAM Portfolio – Km & Lane Km BOT / HAM Portfolio – State wise % (Lane Kms) Gujarat 14% Uttar Pradesh 15% Karnataka 9% Haryana Rajasthan 8% 23% Tamil Nadu 4% Maharashtra 27% BOT / HAM Portfolio – State wise (Lane Kms) Lane KM under development 4,645 Lane Kms Lanes KM op
Slide 22: Strong EPC Order Book
Strong EPC Order Book Order book As on March 31, 2019 Amount Order Book* Composition in Rs. Mn Ongoing BOT / HAM Projects 47,807 BOT/HAM Projects - Construction yet to commence 62,959 Total 110,766 •Order Book as of a particular date consists of unbilled revenue from the uncompleted portions of our
Slide 23: EPC Performance
EPC Performance Revenue & YoY Growth PAT and Return Ratios EBITDA & Margin Networth and D:E Ratio Figures for 9MFY 2019 are not annualized. 23
Slide 24: Balance Equity Commitment
Balance Equity Commitment Year Amount in Rs Mn FY2020 18,920 FY2021 6,890 FY2022 3,740 Total Equity Commitment* 29,560 * For projects under implementation 24
Slide 25: Growth Strategy
Growth Strategy Bharatmala Pariyojana: Strong growth envisaged till FY 2022 ~Rs 5tn of total investment for developing 34,800km of roads lined up over the next 4-5 years Of this Rs1.2tn would come from PPP, Rs 2tn from market borrowings and balance Rs ~2tn from Budgetary allocation/ToT/CRF/Toll
Slide 26: Company Overview
Company Overview IRB Group IRB Infrastructure Developers Limited (“IRB”) incorporated in 1998, has strong in-house integrated execution capabilities One of the leading Infrastructure Development company in India in road and highway sector Group has successfully executed numerous BOT projects i
Slide 27: Key Competitive Advantage
Key Competitive Advantage One of the largest BOT Project Portfolio in the Roads IRB InvIT : 16* BOT projects and Highways perpetual out of which 12* are Sector being tolled, opportunity to and balance are recycle capital and under various monetize assets phases of Key development Competitive Profess
Slide 28: Roadmap So Far
Roadmap So Far First ever Airport Project in Achieved Financial Closure for all HAM IRB’s portfolio Awarded 2 Nos. of Six Laning Projects of Projects and Construction started for – Greenfield Airport Project Vadodara – Km HAM Project. in Sindhudurg, NHAI on DBFOT Maharashtra. Successfully rais
Slide 29: The IRB Group
The “IRB” Group IRB’s BOT Road Projects Sr. Length Company Road Name No. in Km 1 ATR Infrastructure Pvt. Ltd. Pune – Nashik BOT NH 50 29.81 100% 2 Mhaiskar Infrastructure Pvt. Ltd. Mumbai – Pune BOT MPEW & NH4 206.00 13 BOT Projects 3 Thane Ghodbunder Toll Road Pvt. Ltd. Thane Ghodbunder Toll Road B
Slide 30: Organization Structure
Organization Structure Board of Directors Mr. Virendra D. Mhaiskar Chairman and Managing Director Mrs. Deepali V. Mhaiskar Mr. Mukesh Gupta Mr. Sudhir Hoshing Executive Director Joint Managing Director Joint Managing Director Mr. Chandrashekhar S. Kaptan Mr. Sunil H. Talati Mr. Sandeep Shah Mr. Suni
Slide 31: Organization Structure
Organization Structure Statutory Auditors Mr. Rajkamal R. Bajaj Internal Auditors Suresh Surana & Associates LLP BSR & Company LLP Advisor to the Board Chartered Accountants Chartered Accountants Joint Statutory Auditors Bankers / Lenders of IRB Group Gokhale & Sathe Andhra Bank Canara Bank Chartere
Slide 32: Shareholding Pattern
Shareholding Pattern Shareholding Pattern as On March 31, 2019 Name Percentage (%) Promoter 57.37 Promoter Group 0.17 FII / EPI 22.82 DII 12.02 Others 7.62 Total 100.00 Shareholders holding more than 1% shares as on March 31, 2019 Name Percentage (%) Aditya Birla Sun Life Trustee Pvt Ltd A/c Aditya
Slide 33: Corporate Recognition
Corporate Recognition This award was won by IRB for being the ideal companies to work for infrastructure sector in EPC Company of India acknowledging its business the Year 2018 operations, quality of its management, concern for Award conferred on employee wellbeing and welfare by the EPC World and f
Slide 34: Corporate Recognition
Corporate Recognition IRB has been conferred on the This award was won by prestigious ‘FinanceAsia the company for having Achievement Award 2017 – employee friendly policies, Best India Deal’ Award by respect for dignity of Hong Kong based employees, open FinanceAsia, a globally communication and hi
Slide 35: Our CSR Initiative
Our CSR Initiative We have replicated same model and have started a We also generously school in the Pathankot district of Punjab, near the contributed to the Amritsar- Pathankot BOT project. Chief Minister’s drought relief fund in Maharashtra. The School building was inaugurated on 27 March 2017.Th
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