Ashoka Buildcon Limited · NSE:ASHOKA
Ashoka Buildcon — Shareholder Meeting (September 2023)
28 slides from Ashoka Buildcon's shareholder meeting presentation, Sep 29, 2023
Slide 1: Welcome Shareholders
Welcome Shareholders 30th Annual General Meeting September 29, 2023
Slide 2: 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 3: Highlights of FY23
Highlights of FY23 Current Order backlog of Rs 17,566 Crores as of September 2023 Projects won worth ~Rs 9,453 Crores in FY 2023 Executed Share Purchase Agreement for Sale of entire share capital of Unison Enviro Private Limited, a subsidiary of the Company, held by Company and North Haven India Inf
Slide 4: Delivered Sustained Performance despite Covid Disruption
Delivered Sustained Performance… despite Covid 19 Disruption Sustaining Performance in challenging times… … while maintain Operating margins 29% 32% 33% 32% 26% 8,235 2,103 +9% +13% 1,937 1,657 1,667 6,147 1,471 5,007 5,152 5,122 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Consolidated Revenue
Slide 5: Company Overview
Company Overview
Slide 6: Ashoka Buildcon – Legacy of Excellence
Ashoka Buildcon – Legacy of Excellence 45+ YEARS of INR 17,500+ Crs. 10,000+ members experience in Current Balance in Ashoka Family construction industry Order Book 14,000+ LANE 30,000 Villages Kms. of highway illuminated through Power constructed T&D projects CRISIL RATINGS 5 Year CAGR AA-/STABLE L
Slide 7: 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) Mudhol Nipani (BOT Ann
Slide 8: Business Overview
Business Overview
Slide 9: Leading EPC Company with over 4 decades of experience
Leading EPC Company with over 4 decades of experience Segment Breakup Region Breakup Client Breakup 0.1% 5.6% 16.5% 16.5% North 29.6% South 4.0% 23.6% 38.2% 41.3% 8.8% Roads East Central Govt 12.2% Building EPC West State Govt 8.3% Railways Central 9.0% HAM Power T&D North East Private Client 8.0% C
Slide 10: Roads EPC/HAM/BOT
Roads EPC/HAM/BOT
Slide 11: Roads – Pioneer in Road Infrastructure Development
Roads – Pioneer in Road Infrastructure Development Ashoka Buildcon Ltd. is one of the leading highway developers in India. The Company is an integrated EPC, BOT & HAM player. • Ashoka Buildcon Limited continues to maintain its stature as one of the top road infrastructure developers in the country.
Slide 12: Consistent growth in EPC Business
Consistent growth in EPC Business… Revenue Delivering consistent performance… … while stable Operating profit & margins 16% 18% 18% 15% 10% 6,478 731 712 701 +13% 639 631 4,790 3,936 4,082 4,010 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Demonstrated tremendous resilience in the face of Globa
Slide 13: …with stable profitability
…with stable profitability Stable Net Profit & Margin* Generating higher Cash Profit* enables further growth 7% 10% 11% 10% 5% 461 531 498 495 408 387 409 396 333 322 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 *excluding exceptional items added back to net profit 13 Developing Infrastructure
Slide 14: FY23 – Toll Collection in growth mode post Covid
FY23 – Toll Collection in growth mode post Covid Generating higher Cash Profit* enables further growth +8% +18% 1,156 930 977 Toll Collection grew by 18% in FY23 YoY, with 880 CAGR of 8% since FY2020, maintaining stability throughout Covid-19 period on account of lockdown and enhanced growth is witn
Slide 15: Debt Profile
Debt Profile Consolidated Debt Break-up (Rs. Crs.) Standalone Debt Break-up (Rs. Crs.) Standalone Debt Project Debt Incl ACL Debt Equipment Loan Working Capital Loan 6,700 6,895 876 6,157 486 876 5,759 134 362 400 486 400 362 5,795 6,214 6,019 742 5,359 169 285 205 231 157 201 Mar’20 Mar’21 Mar’22 M
Slide 16: 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 17: Railways
Railways i
Slide 18: Railways – Unleashing growth opportunities
Railways – Unleashing growth opportunities Leveraging our expertise in Road construction to capitalize on the Vast Opportunity available in Railways Sector • Entered in the Railways Segment in FY2018-19; involved in the construction of Civil, Track laying and Electrification Work • Current Balance O
Slide 19: Power T&D
y NAYS Power T&D
Slide 20: Power T&D – Capitalising every opportunities
Power T&D – Capitalising every opportunities Leveraging our expertise in Road & Building construction to capitalize on the Vast Opportunity available in Power Sector • Current Balance Order Book stands at Rs.6,706 Crores; comprising ~38% of Total Order Book • Total Projects won during the FY23 is ~R
Slide 21: City Gas Distribution
pe? _. / city oe Distribution
Slide 22: CGD - Overview
CGD - Overview • Unison Enviro Private Limited (“UEPL” or the “Company”) has been awarded the Grant of Authorization (or CGD license) by Petroleum and Natural Gas Regulatory Board (“PNGRB”) to develop CGD network in three Geographical Areas (“GAs”) covering five districts in the states of Maharashtr
Slide 23: Buildings (EPC)
EPC) ( 2) e)) = iw = co
Slide 24: Buildings - Tapping the vast opportunity
Buildings - Tapping the vast opportunity Leveraging our experience in Building construction to capitalize on the Vast Opportunity available in the Sector • Current Order Book Stands at Rs 2,179 Crores; comprising ~12.4% of Total Order Book • Consists International Projects *Current Order book = Orde
Slide 25: Marquee Clients
Marquee Clients ….and many more 25 Developing Infrastructure for Better Tomorrow
Slide 26: Awards in FY 2022 - 23
a Awards in FY 2022 - 23 Se Ul o-oo > =
Slide 27: 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 2022 Best Company in Bridges for Excellence in Construction of Superstructures Safe-Tech Award
Slide 28: Thank You
Ashoka Buildcon Ltd.
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