Ashoka Buildcon Limited · NSE:ASHOKA
Ashoka Buildcon — Q2 FY25 Earnings Presentation
31 slides from Ashoka Buildcon's earnings presentation, Nov 12, 2024
Slide 1: Exchange filing cover letter
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 November 2024
Investor Presentation November 2024
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: Q2 & H1 FY25 Business & Financial Highlights
Q2 & H1 FY25 Business & Financial Highlights
Slide 5: Q2 FY25 Business Highlights
Q2 FY25 Business Highlights Sale/Disposal Of Stake In Subsidiaries Of Ashoka Concessions Limited (ACL) • Ashoka Concessions Limited, a subsidiary of the Company has entered into share purchase agreements with Indian Highways Concessions Trust inter alia for divestment of its five subsidiaries - Asho
Slide 6: Key Order Updates from 1st July 2024 till date
Key Order Updates from 1st July 2024 till date Receipt of Completion Certificate for Hybrid Annuity Mode (HAM) NHAI Project - ‘Four laning of NH-161 from Kandi to Ramsanpalle in the State of Telangana in August 2024 • Receipt of Completion Certificate w.e.f. January 31, 2024, for its HAM Project of
Slide 7: Key Order Updates from 1st July 2024 till date
Key Order Updates from 1st July 2024 till date Receipt of Letter of Acceptance (LOA) for BMC Project in October 2024 • Company has received LOA for the BMC project of construction of Flyover Arm-1 Arm-2 at T Junction on Sion Panvel Highway Maharashtra Nagar in M/E Ward with project value of Rs. 1,12
Slide 8: Q2 & H1 FY25 Standalone Financial Performance Highlights
Q2 & H1 FY25 Standalone Financial Performance Highlights Total Revenue (Rs Crs.) EBITDA (Rs Crs.) EBITDA Margins (%) Profit after Tax (PAT) + 20 bps Q2 FY25 -8% -7% -49% 1,590 172 160 10.8% 11.0% 71 1,459 36 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 +7% +14% + 60 bps H1 FY25 -1
Slide 9: 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 6,978 7,200 6,920 7,139 6,881 816 988 1,118 1,103 1,143 1,317 538 442 393 426 383 5,990 6,082 5,818 5,996 5,564
Slide 10: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (Rs. Crs.) Q2 FY25 Q2 FY24 Y-o-Y Q1 FY25 Q-o-Q H1 FY25 H1 FY24 Y-o-Y Revenue from Operations 1,417.6 1,561.3 -9% 1,877.1 -24% 3,294.6 3,093.3 7% Other Income 41.3 28.4 23.7 65.1 53.5 Total Revenue 1,458.9 1,589.6 -8% 1,900.8 -23% 3,359.7 3,146.9 7% Oper
Slide 11: Standalone Balance Sheet
Standalone Balance Sheet Assets (Rs. Crs.) Sep-24 Mar-24 Equity & Liabilities (Rs. Crs.) Sep’24 Mar’24 Non - Current Assets 2,508.8 2,404.4 Total Equity 3,889.6 3,812.5 Property Plant & Equipments 304.5 320.2 Share Capital 140.4 140.4 Capital Work In Progress 9.0 2.2 Other Equity 3,749.2 3,672.1 Int
Slide 12: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Crs.) Q2 FY25 Q2 FY24 Y-o-Y Q1 FY25 Q-o-Q H1 FY25 H1 FY24 Y-o-Y Revenue from Operations 2,488.9 2,154.3 16% 2,465.4 1% 4,954.3 4,089.5 21% Other Income 40.1 41.0 29.3 69.3 79.0 Total Revenue 2,529.0 2,195.3 15% 2,494.7 1% 5,023.6 4,168.5 21% Oper
Slide 13: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. Crs.) Sep’24 Mar’24 Equity & Liabilities (Rs. Crs.) Sep’24 Mar’24 Non - Current Assets 8,232.4 8,093.6 Total Equity 3,044.9 2,424.6 Property Plant & Equipments 320.3 335.9 Share Capital 140.4 140.4 Capital Work In Progress 49.6 39.2 Investment Property 31.9 32.
Slide 14: Cash Flow Statement
Cash Flow Statement Standalone Consolidated Particulars (Rs. Crs.) Sep’24 Sep’23 Sep’24 Sep’23 Profit Before Exceptional Items & Tax 121.4 116.9 766.9 263.8 Adjustments for: Non-Cash / Other Items 149.9 122.1 355.1 466.0 Operating profit before working capital changes 271.2 239.0 1,121.9 729.8 Chang
Slide 15: Company Overview
ASHOKA Ashoka Buildcon Ltd. Company Overview
Slide 16: Ashoka Buildcon – Legacy of Excellence
Ashoka Buildcon – Legacy of Excellence 45+ YEARS of INR 11,104 Crs.* 10,000+ members experience in Current Order Book as in Ashoka Family construction industry on 30th September 2024 14,000 LANE Kms. 30,000 Villages of highway constructed illuminated through Power T&D projects CRISIL RATINGS 5 Year
Slide 17: ABL - Business Structure
ABL - Business Structure Ashoka Buildcon Limited Ashoka Concessions Limited (ACL) (ABL owning 66% Stake, Balance with SBI Macquarie) ABL Own Projects % Stake HAM Projects % Stake Mudhol Nipani (BOT Annuity) 100% Kharar Ludhiana 100% Bagewadi Saundatti (BOT Annuity) 100% Ranastalam Anandpuram 100% Hu
Slide 18: Order Book as on 30th September 2024
Order Book as on 30th September 2024 Segment Breakup Region Breakup Client Breakup 3.8% 10.6% 1.2% 24.4% North 20.8% 5.8% 8.7% 10.6% 35.5% South 7.6% Road EPC 46.7% East Central Govt Road HAM West 8.7% State Govt Building EPC Central HAM Railways 5.0% North East Private Client 5.2% 46.2% Power T&D 7
Slide 19: Current Order Backlog
Current Order Backlog Segment Rs. Crs. Segment Rs. Crs. Road 6,030 Tumkur-Shivamoga IV, Karnataka 282 Other EPC Projects 5,075 Baswantpur to Singnodi 59 Rajasthan 31 Tumkur-Shivamoga III, Karnataka 83 Jammu & Kashmir 30 Tumkur - Shivamoga II, 37 Uttar Pradesh 224 HAM Karnataka 758 Tumkur - Shivamoga
Slide 20: HAM Project Portfolio
HAM Project Portfolio All figures in Rs Crs. As per Financial Closure As per Actuals PIM Projects % Stake Estimated Estimated Grant Equity PIM Total Debt No. of Status TPC Est. Grant Est. Contribution (As on 30 th September 2024) (ACL/ABL) Equity Debt Received Invested Received Drawn Annuity Due Est
Slide 21: BOT Project Portfolio
BOT Project Portfolio All figures in Rs Crs. Projects (Rs. Crs.) Concession Contract Ending Debt as on % Stake State / Client Lane / Lanes Kms Type Signing Date Grant/ Premium (As on 30 th September 2024) Period Date 30th Sept 2024 ACL Projects Premium of Rs. Rs. 31 Cr BOT (Toll), Belgaum Dharwad 10
Slide 22: Gross Toll Collection ACL Projects (Rs. Crs.)
Gross Toll Collection ACL Projects (Rs. Crs.) Q2 FY25 Q2 FY24 Y-o-Y Q1 FY25 Q-o-Q H1 FY24 H1 FY23 YOY Belgaum Dharwad 29.6 32.7 -9% 31.9 -7% 61.5 67.9 -9% Dhankuni Karagpur 132.2 122.0 8% 131.8 - 264.0 248.7 6% Bhandara 28.8 26.6 8% 30.9 -7% 59.8 54.2 10% Durg 34.1 31.3 9% 36.7 -7% 70.7 62.9 12% Jao
Slide 23: Toll Collection
Toll Collection ACL Projects Company Project Period FY21 FY22 FY23 FY24 FY25 % Rise Q1 11.8 18.9 33.9 35.2 31.9 -9.5% Q2 20.1 25.1 31.3 32.7 29.6 -9.4% Ashoka Belgaum Belgaum Dharwad Q3 27.7 29.8 34.0 35.5 Dharwad Tollway Ltd. Project Q4 29.3 30.5 35.8 34.4 88.9 104.3 135.0 137.8 Q1 53.6 84.9 117.4
Slide 24: Toll Collection
Toll Collection ACL Projects Company Project Period FY21 FY22 FY23 FY24 FY25 % Rise Q1 22.5 36.8 49.1 57.5 59.6 3.7% Q2 42.4 45.2 51.2 56.3 62.0 10.0% Jaora - Nayagaon Toll Jaora – Nayagaon Q3 44.9 43.7 52.4 54.4 Road Company Pvt Ltd. Road Project Q4 45.5 46.7 54.3 58.4 155.4 172.5 207.1 226.6 Q1 10
Slide 25: Top Executive Management
Top Executive Management Mr. Ashok Katariya Mr. Satish Parakh Mr. Sanjay Londhe Mr. Ashish A. Kataria Mr. Paresh Mehta Chairman Managing Director Whole Time Director Whole Time Director Chief Financial Officer • In 1976, Mr. Katariya laid the • Mr. Parakh’s association • Mr. Londhe heads the • Mr. A
Slide 26: Experienced Board of Directors
Experienced Board of Directors Mr. Ashok Katariya Mr. Satish Parakh Mr. Sanjay Londhe Mr. Ashish Kataria Chairman Managing Director Whole Time Director Whole Time Director Mr. Mario Nazareth Mr. Nikhilesh Panchal Mr. Mahendra Mehta Ms. Shilpa Hiran Independent Director Independent Director Independe
Slide 27: Current Signature Project - Mopa Airport Link Road, Goa
Current Signature Project - Mopa Airport Link Road, Goa MOPA AIRPORT LINK ROAD – GOA Project Length : 6.58 km with elevated portion of 4.4 km • A new airport for Goa has been built near village Mopa. At present the connectivity to the airport is through existing village road. However, being an inter
Slide 28: Signature Projects showcasing Project Execution Capabilities
Signature Projects showcasing Project Execution Capabilities India’s First 8 Lane Extra Dosed Cable Stayed Bridge Built in 33 Months • Despite flood situations in 2 consecutive years and the pandemic, team Ashoka completed this prestigious 8 lanes bridge across Narmada river in Gujarat in Record tim
Slide 29: Marquee Clients
Marquee Clients ….and many more 28 Developing Infrastructure for Better Tomorrow
Slide 30: Awards & Recognition
Awards & Recognition Construction Times Awards 2023 Best Executed Bridge Project Award Achievement of Safety Health and Environment (Panagrah Palashit Road Project) CIA Construction & Infrastructure Awards Best Company in Bridges for Excellence in Construction of Superstructures Safe-Tech Award Most
Slide 31: THANK YOU
THANK YOU Company: Ashoka Buildcon Limited Investor Relations: Strategic Growth Advisors (SGA) CIN: L45200MH1993PLC071970 CIN: U74140MH2010PTC204285 Mr. Paresh Mehta (CFO) Mr. Deven Dhruva / Mr. Jigar Kavaiya paresh.mehta@ashokabuildcon.com deven.dhruva@sgapl.net / jigar.kavaiya@sgapl.net Tel: 0253