Welspun Enterprises Ltd. · NSE:WELENT
Welspun Enterprises — Investor Presentation (March 2023)
34 slides from Welspun Enterprises's investor presentation, Mar 15, 2023
Slide 1: Stock exchange cover letter for investor presentation
WEL/SEC/2023 March 15, 2023 To, BSE Limited National Stock Exchange of India Limited 1st Floor, Rotunda Bldg, Exchange Plaza, C-1, Block-G, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai - 400 001. Mumbai - 400 051. Scrip Code: 532553 NSE Symbol: WELENT Dear Sir/Madam, Subject: Inve
Slide 2: Welspun Enterprises Limited Investor Presentation March 2023
WELSPUN ENTERPRISES LIMITED BSE: 532553 | NSE: WELENT |ISIN: INE625G01013 Investor Presentation March 2023
Slide 3: Safe Harbor
Safe Harbor The information contained in this presentation is provided by Welspun Enterprises Limited (the “Company”). Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is subject to
Slide 4: Welspun Enterprises At a glance
Welspun Enterprises At a glance PAN INDIA DIVERSIFIED ASSET LIGHT STRONG PRESENCE PORTFOLIO MODEL EXECUTION Across UP, Bihar, Specialise in Road, Operational excellence Tamil Nadu, Haryana, Water and Wastewater through committed partners Record completion time Maharashtra and and recycling of capita
Slide 5: Creating Value through a Clear Strategy
Creating Value through a Clear Strategy Bid for selective projects Leverage knowledge Deploy right mix of Lower competition Moving towards external orders contractors & support them (strengthening EPC) for seamless execution Better IRRs Better EPC margin Reduce execution risk Ease of exe
Slide 6: Advantage WEL
ADVANTAGE WEL
Slide 7: Proven track record
Proven track record ~570 km ₹ 39,000+ Mn Delhi Meerut Expressway Experience of operating ~70 km Welspun Enterprises’ completed ~570 km of Toll projects portfolio includes the Delhi–Meerut Robust road portfolio Expressway / National Expressway 3 which was featured as an Engineering Capability to exec
Slide 8: Strong platform set for future growth
Strong platform set for future growth Robust portfolio of Road Current order ₹ 1,08,410 Mn* (excluding GST) and Water projects book at Order Book Break- Segment Break-up up 43% 80% ROAD EXTERNAL 57% W AT E R CAPTIV E Current Order Book provides strong 20% revenue growth visibility * As on December 3
Slide 9: Way forward: Trends towards Diversification
Trends towards Diversification Trends in Order Book Break-up WEL Portfolio (in ₹ Mn) Other EPC of 1,08,410 EPC, Water HAM , 90,490 4% EPC, 17.5% 57.3% EPC of 39,000 FY17 Q3 FY23 BOT, 2.1% EPC of Road HAM , EPC, 96% 23.1% Development EPC* Development (Divested) Way Continue approach of prudent bid st
Slide 10: Continuous Focus on Value Creation
Continuous Focus on Value Creation De-risked execution model Focused on Strong presence across segments: Building High-Value High- Value unlocking from assets Execution Development (HAM & BOT) and EPC Margin Projects excellence with Diversified roads & Water Completed Projects – ready Construc
Slide 11: Through an experienced Management
Through an experienced Management Sandeep Garg Lalit Jain Neeraj Gupta Yogen Lal Rajesh Jain Managing Director Interim CFO Ve r t i cal He a d Ve r t i cal He a d Chief Human (ROADS) (Water) Resource Officer ICWA: Costing & Harvard graduate with Accounting & ICAI: 24 years of experience Civi
Slide 12: Robust Financial Metrics
Robust Financial Metrics Revenues EBITDA Net Debt/ (Net Cash) / Equity (x) 0.24 0.22 0.11 0.04 0.02 0.02 48% 5 years Revenue CAGR -0.69 17,394 17,600 14,102 13,069 18,524 2,916 9,972 1,801 2,567 2,589 1,978 1,819 1,844 785 Standalone numbers # Figures in Rs Mn * Covid-impacted years WELSPUN ENTERPRI
Slide 13: Favorable Industry Dynamics
Favorable Industry Dynamics NHAI Bharatmala Central Road Budget 2022 ~₹ 1.99 tn ~₹ 1,340 bn Pariyojana Fund 68% 133% 550 In FY22 In FY22 Districts 19 % (NH Linkages) Vision 2025 To optimise efficiency of Increase in allocation for Roads Total expenditure on Allocation towards the Ministry of Road NH
Slide 14: Industry dynamics - Roads Sector
Industry dynamics - Roads Sector Attractive Opportunities & Strong Policy Road Construction NHAI Awards and support Per Day (km) Execution (km)* 6,306 18,000 18% Km 18% of projected infrastructure 4,788 National Highways to expand by 50 investment of ₹111 trillion in 4,325 4,218 18,000 km in 2022-23
Slide 15: Industry dynamics - Water & Wastewater Sector
Industry dynamics - Water & Wastewater Sector ₹ 12.6 tn capital expenditure to Households with piped-water supply in rural areas Urban Water & Sanitation - Additional ₹ 3.3 tn be spent in building Water Infrastructure (IN %) ₹ 600 bn ( ₹ T N) Will be spent in building Water Infrastructure Allocated
Slide 16: Financials
Financials
Slide 17: Highway Portfolio Monetization - Actis Deal
Highway Portfolio Monetization - Actis Deal Contrac Authority In ₹ 23,090 Project Name Status t Type /Client mn 17,150 Delhi-Meerut Expressway (Pkg 1) HAM NHAI COD achieved 1.5x Chutmalpur-Ganeshpur HAM NHAI COD achieved Gagalheri-Saharanpur- HAM NHAI COD achieved Yamunanagar Chikhali-Tarsod HAM NHA
Slide 18: Income Statement Snapshot - Standalone
Income Statement Snapshot - Standalone Particulars (₹ Mn) Q3 FY23 Q3 FY22 YoY % 9M FY23 9M FY22 YoY % Revenue from Operations 6,684 2,155 210% 18,524 8,397 121% Other Income 118 95 24% 390 274 42% Total Income 6,802 2,251 202% 18,914 8,671 118% EBITDA 774 223 247% 1,844 974 89% EBITDA margin 11.4% 9
Slide 19: Income Statement Snapshot - Consolidated
Income Statement Snapshot - Consolidated Particulars (₹ Mn) Q3 FY23 Q3 FY22 YoY % 9M FY23 9M FY22 YoY % Total Income 7,168 2,375 202% 19,852 9,053 119% EBITDA 929 276 237% 2,249 1136 98% EBITDA margin 13.0% 11.6% 135 bps 11.3% 12.6% (122) bps PBT Before Exceptional Item 587 27 2,110% 1,322 399 231%
Slide 20: Welspun Group and CSR
Welspun / Group and ~ Se - = oe DRS
Slide 21: Welspun Group overview
Welspun 9 USD 2.3 Bn USD 1.0 Bn Manufacturing 26,000+ Group Revenue Group Assets Workforce Group Net Fixed Assets Facilities in USA, Arabia and India, Saudi overview Global leader in Home Amongst world’s Robust portfolio of Integrated Grade-A Textiles largest Line-Pipe Roads & Water Infra Warehousin
Slide 22: CSR initiatives
CSR EDUCATION ENVIRONMENT EMPOWERMENT initiatives Our social mission is enshrined within the 3Es i.e. Education, Empowerment and Environment & Health Project Gyankunj Project Model Village Welspun Super Sports To enhance the teaching & learning To create a sustainable rural Women To identify and sup
Slide 23: Awards, Accreditation & Accolades
Awards, Accreditation & Accolades Appreciation by Letter of appreciation by Prime Minister “Gold award” in excellence in Project Shri Nitin Gadkari, Union Minister of India Shri Narendra Modi Management under PPP mode from MORTH Letter of appreciation by Fastest Growing Company – Honorable Parliamen
Slide 24: Appendix: Infrastructure Portfolio
APPENDIX Infrastructure Portfolio Existing Projects 1 HAM: Aunta - Simaria (Ganga Bridge with Approach Roads) 2 HAM: Sattanathapuram – Nagapattinam 3 EPC: Varanasi Aurangabad NH2 Project 4 EPC: UP State Water and Sanitation Mission 5 EPC: Dharavi Wastewater Treatment Facility (Mumbai) 6 BOT: Dewas W
Slide 25: Diversified Infrastructure Portfolio
Diversified Infrastructure Portfolio Project Names Contract Type Authority / Client Status Aunta-Simaria HAM NHAI Under Execution Road Assets Sattanathapuram-Nagapattinam HAM NHAI Under Execution (SNRP) Varanasi Aurangabad NH2 Project EPC SIVAPTL Under Execution (VARP) Water/ Wastewater Dewas Water
Slide 26: HAM: Aunta-Simaria project details
HAM Project details Project Length (Kms) 08.15 Km Aunta-Simaria Acquisition Date Aug 2018 (Ganga Bridge with Financial Closure Achieved Approach Roads) Appointed Date Scheduled Construction Period 30th Aug 2018 42 Months^ Concession Period after COD 15 Years SCOPE Six- Laning from Aunta-Simaria ^ EO
Slide 27: HAM: Sattanathapuram-Nagapattinam project details
HAM Project details Project Length (Kms) 55.755 Km Sattanathapuram- Award Date July 2018 Nagapattinam Financial Closure Achieved (SNRP) Appointed Date Scheduled Construction Period 5th Oct 2020 24 months^ Concession Period after COD 15 Years SCOPE 4 laning of Sattanathapuram to ^ EOT up to September
Slide 28: EPC: Varanasi Aurangabad NH2 project details
EPC Project details Varanasi Aurangabad Project Length (Kms) 192.4 Original Contract NH2 Project Commencement Date 30th Sep 2021 (VARP) Construction Period 24 Months Additional Contract SCOPE Construction Start Date May 2022 Six laning of Varanasi – Aurangabad section of NH-2 Construction End Date N
Slide 29: EPC: UP State Water and Sanitation Mission
EPC Project details UP State Water and Project Scope Water Supply to Villages Sanitation Mission Est aggregate contract value ₹ 25,000 Mn SCOPE Rural Water Supply project under Jal Jeevan Mission by S No. Revenue District No of State Water Sanitation Mission UP, scope includes Survey, Division Villa
Slide 30: EPC water segment order under execution
₹25,000 Mn worth order under Lead Partner in Joint Venture Empanelled by the UP-State Execution of EPC Projects of execution with Kaveri Infraprojects Limited, Hyderabad 70 : 30 Water and Sanitation Mission, Namami Gange and Rural 2,544 villages for the Project of Survey, Design, Preparation of Wate
Slide 31: EPC: Wastewater Treatment Facility - Mumbai
EPC Project details Wastewater Treatment 60 Months for Design Build, Contract period 15 years of operation and Facility - Mumbai maintenance Sewage Disposal Welspun Enterprises 80% share in JV Project SCOPE Design, Build, Operation and Maintenance of 418 MLD Status Dharavi Wastewater Treatment Facil
Slide 32: BOT Dewas Water
BOT Concession Dewas Sector Project Name Location COD End Water Water Supply Dewas Water* MP Apr-20 Jun-37 *Dewas Water – Modified Project Modified project involves the supply of treated water of up to 23 MLD to industrial customers in Dewas FY22 revenue stands at ₹110 mn with EBITDA of ₹59 mn W
Slide 33: Investment in Oil & Gas blocks: Potential value accretion
Investment Block Name Location AWEL Stake WEL Effective Status in Oil & Gas MB-OSN-2005/2 Mumbai 100.0% Stake 35.0% AWEL drilled a well and had made a blocks: Offshore hydrocarbon discovery wherein three layers have proven to be gas bearing, two layers have flown good amount of gas to surface. A Pot
Slide 34: Thank You
Thank You For further details please contact CORPORATE OFFICE WELSPUN ENTERPRISES LIMITED Welspun House, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, India E-mail: investorrelations_WEL@welspun.com Mr Salil Bawa, Head – Group Investor Relations INVESTOR RELATIONS ADVISO
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