Antony Waste Handling Cell Ltd. · NSE:AWHCL
Antony Waste Handling Cell — Q3 FY2021 Earnings Presentation
39 slides from Antony Waste Handling Cell's earnings presentation, Feb 11, 2021
Slide 1: Cover letter to NSE: Investor Presentation intimation
Antony Waste Handling Cell Limited (formerly kno wn as Antony Waste Handling Cell Private Limited) ~ CIN : U90001M H2001PLC130485 Registered Office: th 1403, 14 Fl oor, Dev Corpora, Opp. Ca dbury Company, East ern Express Highway, Thane (West) - 400601 Phone: 022 - 4213 0300 / 4100 8240 / 4100 9295
Slide 2: Antony Waste Handling Cell Limited Investor Presentation – February 2021
Antony Waste Handling Cell Limited Investor Presentation – February 2021
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Antony Waste Handling Cell Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 4: Industry Overview
Experienced Management Team Antony Waste Handling CellIndustry Overview Limited Investor Presentation – February 2021 3
Slide 5: Industry Dynamics
Industry Dynamics Estimated Waste India practices a much higher level Increasing population with higher urbanization would Management Industry (FY20) of open dumping v/s global average drive higher per capita waste generation in India 35.4% Compost Composed Recycled 34.9% 10% 18% 5% Global Indian 34
Slide 6: Swachh Bharat Mission - Strong growth driver
Swachh Bharat Mission - Strong growth driver Component wise allocation and expenditure Solid Waste Management (SWM) 74% Increased share due to SBM 51% 44% 44% 46% 44% SWM 33% IHHLs&CT/PT IEC 21% CB&A 10% 10% 5% 7% 3% 1% 2% 3% FY15 FY16 FY17 FY18 Other areas of Government support Door to Door City Co
Slide 7: Emerging areas of growth
Emerging areas of growth ▪ Biomethanation – anaerobic fermentation of bio-degradable waste in an enclosed space - generates methane rich bio-gas fuel and sludge, used for making compost ▪ Like composting, biomethanation is also a technically suitable option for Indian municipal waste due to high org
Slide 8: Company Overview
Experienced Management Team Antony Waste Handling CellCompany Overview Limited Investor Presentation – February 2021 7
Slide 9: About us
About us Leading Player in Indian Municipal Solid Waste Management Industry Processed approximately 7.63 million metric Established track record of more than 19 End-to-end MSW services i.e. solid waste tons of waste since FY10 years in Solid Waste Management collection, processing, transportation, A
Slide 10: Our Journey – Key Milestones & Projects
Our Journey – Key Milestones & Projects 2001-06 2007-12 ● Awarded C&T project by NMMC ● Incorporation of the Co. ● Raised private equity funding ● Awarded MSW C&T project in Greater Noida ● Wins Kanjurmarg landfill project ● Awarded C&T project by GNIDA ● Partnership with Brazil based LARA ● Incorpo
Slide 11: We practice ESG in our Business
We practice ESG in our Business Environmental Social Governance ▪ Kanjurmarg is a 7500 MT/ day Integrated SWM, ▪ Employees training on topics from construction ▪ Board of 6 members, headed by Chairman & MD, which has leachate collection pond and treatment hazards, waste handling, machines safeguard,
Slide 12: Our Core Competencies
Our Core Competencies Diversified business model Access to technology backed vehicles and equipment enables us to manage our operations efficiently A leading service provider in Strong track record of project execution Experienced Promoters and Municipal Solid Waste (MSW) management team with strong
Slide 13: Leading Player in the Indian MSW Management Industry
Leading Player in the Indian MSW Management Industry 7.63 mmt (1) 25+ Largest Waste processed at Completed & On-going single location waste processing plants across Asia; Kanjurmarg plant projects(3) Processing ~60% 1,147 7,391 of waste generated in Mumbai Owned vehicle fleet(2) Full-time employees(
Slide 14: Group structure
Group structure Lara Central De JV Partner Tratamento De Residuos LTDA, Brazil Antony Waste Handling Cell Limited 37% 63% 100% 100% 100% 100% 51% 49% Collection and Collection, Integrated waste Collection and Mechanical power transportation and Management transportation of transportation of sweeping
Slide 15: Presence Across Value Chain
Presence Across Value Chain Municipal solid waste generation Collection & transportation Only ~25-30% of the MSW generated in India is processed Transfer Station (Secondary Storage & Segregation) Types of waste Organic Recyclables Inert Processing Composting Bio- methanation Gasification Incineratio
Slide 16: Products & Services offered
Products & Services offered Key services and products Revenue Share 58% 56% 58% 63% Collection & Transportation MSW Processing 01 02 21% 26% 29% Involves door to door collection of Processing projects which involve 28% MSW from households sorting & segregating waste received 21% 18% 13% from MSW C&T
Slide 17: Our Capabilities
Our Capabilities Not Just a Solid Waste Collecting Company but also a Waste Processing & Management Company.... Door to door Transportation Segregation Construction Recycling Composting Waste to collection & Energy Management of Landfills Involves door to Strong C&T Segregation Manages largest Proce
Slide 18: Diversified Business Model
Diversified Business Model MSW C&T 58% MSW Processing 29% Contract & Others 13% Revenue Revenue Revenue Contribution Contribution Contribution • Door to door collection through primary • Processing projects involve sorting & • Integrated mechanical and manual sweeping collection vehicles segregating
Slide 19: Revenue Recognition
Revenue Recognition Total Revenue Collection & transportation of Waste Processing Contract & others municipal waste Operating Revenue Refers to construction related revenue recognized under IND-AS Tipping fees from Waste processing activities Revenue from Mechanical Sweeping Sale of Goods Revenue fr
Slide 20: One of the largest single location plant in Asia
One of the largest single location plant* in Asia We operate one of the largest single location waste processing plants in Asia Year wise probable increase in 2010-2036 ~16 Years Tonnage Project Tenure Balance Tenure Customer Capacity Project scope ~5,000 Tonnes Design, Construction, operation and ▪
Slide 21: Our Projects Execution Capabilities
Our Projects Execution Capabilities Pan India Footprint of Projects 25+ 18 9 States Cluster based approach Total number of projects Ongoing projects (Projects executed till date) Targeting specific clusters undertaken to improve efficiency and Type of Contract profitability Ongoing Projects Mechaniz
Slide 22: Access to Technology Backed Vehicles & Equipment
Access to Technology Backed Vehicles & Equipment Collection and Transportation Technological Intervention Key equipment vendors PUCHER HYVA KARCHER Compactor - 281 CHICAGO HEIL Small Tipper - 689 Dumper Placer - 31 PNEUMATIC CATERPILLAR MOBA (GPS TECHNOLOGY PROVIDER) Power Sweeping Machine - 8 Waste
Slide 23: Our Operations & Facilities
Our Operations & Facilities Material Recovery Facility Bio-reactor Landfill Gas collection Composting 22
Slide 24: Our Strategy
Our Strategy Capitalize on growth opportunities in Continue with rational selection of Moving up MSW value chain by MSW management sector by Focus on enhancing operational projects and strategically expand our diversifying into emerging waste continued focus on bidding for MSW efficiency geographica
Slide 25: Board of Directors
Board of Directors Jose Jacob Kallarakal Shiju Jacob Kallarakal Shiju Antony Kallarakkal ▪ Age: 47 years ▪ Age: 43 years ▪ Age: 46 years ▪ 19 years experience in waste ▪ 19 years of experience in waste ▪ Over 18 years of experience in management management automobile sector and more than 6 ▪ Majorly
Slide 26: Quality Cum Cost Based Bidding Process
Quality Cum Cost Based Bidding Process Bidding Process ▪ Peruse the RFP ▪ Project area analysis ▪ Understand the scope size & scale of project ▪ Feasibility study - Project report ▪ Actual bidding ▪ Provide project plans, ▪ Compliance with various ▪ Tender conditions & ▪ Key Execution & Admin. struc
Slide 27: PPP contracts structure for waste management
PPP contracts structure for waste management Contract Investments by Source of revenue for Bidding Types of contracts Risk Service covered Asset ownership period private player private player process Partial Service 1-2 years Municipality investment Payment from Street sweeping, C&T & Partly owned b
Slide 28: Strong Predictable Business Model
Strong Predictable Business Model Revenue Visibility / Contract Tenure Number of Projects Revenue Ongoing Projects Share On Going 18 FY20 2021 2022 2023 2024 2025 2026 2028 2029 2030 2036 14 15 MSW C&T 60% ✓ ✓ ✓ ✓ ✓ Waste Processing 30% ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ Others 10% ✓ ✓ ✓ ✓ ✓ 2010 2015 2020 Revenue
Slide 29: Stable Business irrespective of COVID-19
Stable Business irrespective of COVID-19 Revenue (Rs. Crs) EBITDA (Rs. Crs) Adjusted PAT (Rs. Crs) 130 127 39 20 20 122 120 37 117 34 35 18 18 33 31 16 95 96 27 11 11 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q1FY20 Q2FY20 Q3FY20 Q4FY20* Q1FY21
Slide 30: Strengthening Balance Sheet
Strengthening Balance Sheet Net Debt : Equity (x) Current Ratio (x) Debtor Days 1.0 1.7 70 71 0.9 64 0.8 0.8 61 60 0.8 1.2 54 1.2 0.7 1.1 1.1 1.0 1.0 41 0.5 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3F
Slide 31: Financial Highlights
Experienced Management Team Antony Waste Handling Cell Financial Highlights Limited Investor Presentation – February 2021 30
Slide 32: Quarterly Basis– Consolidated Financial Highlights
Quarterly Basis– Consolidated Financial Highlights Operating Revenue* (Rs. Crs) EBITDA (Rs. Crs) PAT (Rs. Crs) +9% +17% +75% 118 37 19 108 105 +12% 33 +11% 18 +9% 31 86 27 11 11 Q3FY20 Q1FY21 Q2FY21 Q3FY21 Q3FY20 Q1FY21 Q2FY21 Q3FY21 Q3FY20 Q1FY21 Q2FY21 Q3FY21 ▪ Total operating revenue has shown a
Slide 33: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (in Rs. Crs) Q3FY21 Q2FY21 Q-o-Q Q3FY20 Y-o-Y 9MFY21 9MFY20 Y-o-Y Revenue from MSW C&T 81.2 72.3 74.3 214.8 196.5 Revenue from MSW Processing 36.4 33.2 33.3 94.4 95.6 Total Operating Revenue 117.7 105.5 12% 107.6 9% 309.3 292.1 6% Contract & Other
Slide 34: Consolidated Financial Highlights
Consolidated Financial Highlights* PBT before exceptional item (Rs. Crs) & Revenue (Rs. Crs) EBITDA (Rs. Crs) & EBITDA Margin (%) PBT Margin (%) 465 180 35 120 18.3% 20 29.0% 30.5% 30.0% 28.1% 16.8% 30 16.0% 15.1% 25 85.1 15 139.5 20 80 342 15 269 120 51.6 10 299 10 48.8 47.7 291 96.1 5 40 91.0 84.4
Slide 35: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (in Rs. Crs) 9MFY21 FY20* FY19* FY18* Revenue from MSW C&T 214.8 269.0 166.5 169.3 Revenue from MSW Processing 94.4 133.2 76.5 60.7 Total operating Revenue 309.3 402.2 243.0 230.0 Contract & Others 33.1 62.4 55.5 60.8 Revenue from Operations 342.4
Slide 36: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement* Assets (Rs. Crs) Sep-20 Mar-20 Mar-19 Mar-18 Equity & Liabilities (Rs. Crs) Sep-20 Mar-20 Mar-19 Mar-18 Non - Current Assets 466.3 462.4 401.0 314.7 Total Equity 315.5 286.6 206.7 169.2 Property Plant & Equipment 128.1 137.9 57.6 40.0 Share Capital 12.8 12.8 7.2
Slide 37: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement* Particulars (Rs. Crs) Sep-20 Mar-20 Mar-19 FY18 Net Profit Before Tax 29.9 82.0 47.7 48.8 Adjustments for: Non -Cash Items / Other Investment or Financial Items 24.7 54.2 34.7 25.6 Operating profit before working capital changes 54.6 136.2 82.4 74.4 Changes in worki
Slide 38: Abbreviations
Abbreviations • ALESPL: Antony Lara Enviro Solutions Private Limited • AWHCL: Antony Waste Handling Cell Limited • BLF: Bio-Reactor Landfill • C&T: Collection and Transportation • GNIDA: The Greater Noida Industrial Development Authority • LARA: Lara Central De Tratamento De Rediduous LTDA • LoA: Le
Slide 39: Thank You
Contact Information Company : Investor Relations Advisor : CIN: U90001MH2001PLC130485 CIN: U74140MH2010PTC204285 Mr. Subramanian NG Mr. Jigar Kavaiya / Mr. Pratik Shah E: investor.relations@antonyasia.com E: jigar.kavaiya@sgapl.net / p.s.shah@sgapl.net T: +91 9920602034 / +91 9870030585 www.Antony-w
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