Sadbhav Engineering Limited · NSE:SADBHAV
Sadbhav Engineering — Investor Presentation (April 2016)
25 slides from Sadbhav Engineering's investor presentation, April 2016
Slide 1: Sadbhav Engineering Limited Corporate Presentation
Sadbhav Engineering Limited Corporate Presentation April 2016
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”),which have been prepared by Sadbhav Engineering Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any sec
Slide 3: Agenda
Agenda 1. Company Snapshot 4 2. Business Overview – Sadbhav Engineering Limited (SEL) 9 3. BOT Holding Co.- Sadbhav Infrastructure Project Limited (SIPL) 17 4. Financials 22 3
Slide 4: Company Snapshot
Company Snapshot
Slide 5: Snapshot
Snapshot Sadbhav Engineering Limited (SEL), incorporated in 1988, is engaged in o Engineering, Procurement and Construction (EPC) business for Transport, Mining and Irrigation sector o Development of roads & highways on Build, Operate and Transfer (BOT) through Sadbhav Infrastructure Project Limit
Slide 6: Key Management Personnel
Key Management Personnel Board of Directors Mr. Vishnubhai M Patel Mr. Shashin V Patel (Managing Director and (Joint Managing Director) Chief Executive Officer) Mr. Vasistha C Patel Mr. Nitin R Patel Mr. Vikram R Patel (Whole time Director) (CFO & Whole time Director) (Whole time Director) Mr. Sandi
Slide 7: Shareholding Pattern
Shareholding Pattern Shareholding Pattern as on March 2016 Institutional Investors Category No. of shares % PromoterGroup 80,909,880 47.17% Public Shareholding 90,623,920 52.83% Institutions - Mutual Funds / UTI 46184589 26.92% - Financial Inst. / Banks 32,266 0.02% - FIIs 25665457 14.96% Non-Instit
Slide 8: Growth Story
Growth Story CAGR 2006-16 Net Revenue ~ 27% Net Profit ~ 25% Mar 2016 Order book ~ 19% Net Revenue Rs 31,863mn Net Profit Rs 1,337mn Net worth Rs 14,715 mn Mar 2010 Gross Block Rs 9,387 mn Net Revenue Rs 12,569 mn Order Book Rs 74,873 mn Net Profit Rs 538 mn At the time of IPO - Mar 2006 Net worth R
Slide 9: Business Overview - Sadbhav Engineering Limited (SEL)
Business Overview - Sadbhav Engineering Limited (SEL)
Slide 10: Corporate Structure
Corporate Structure Sadbhav Engineering Limited 68.35% EPC Business Sadbhav Infrastructure Project Limited (SIPL) BOT Project Portfolio SIPL SEL J.V 1 Ahmedabad Ring Road Infrastructure Limited (ARRIL) 100.0% 0.0% 0.0% 2 Aurangabad Jalna Tollway Limited (AJTL) 100.0% 0.0% 0.0% 3 Nagpur Seoni Express
Slide 11: SEL - EPC Business: Transport Order Book
SEL - EPC Business Order book Transport Transport projects with a balance work order of Rs 40,706 mn as on March 31, 2016 which translates to 1.8 x of FY16 Transport revenue Captive order book of Rs 2,334 mn & non captive order book of Rs 38,371 mn as on March 31, 2016 Major Projects Ongoing • S
Slide 12: SEL - EPC Business: Irrigation Order Book
SEL - EPC Business Order book Irrigation Irrigation projects with a balance work order of Rs 14,419 mn as on March 31, 2016 which translates to 2.7x of FY16 Irrigation revenue Major Projects Ongoing • 'Bhauti high level canal, M.P • Omkareshwar right bank lift canal, M.P • Kachchh branch canal Adi
Slide 13: SEL - EPC Business: Mining Order Book
SEL - EPC Business Order book Mining Mining projects with a balance work order of Rs 19,747 mn as on March 31, 2016 which translates to 4.7x of FY16 Mining revenue Major Projects Ongoing • Excavation work at Pit B of Jalipa Lignite Mines Barmer, Rajasthan • Excavation work at Mangrol lignite mines
Slide 14: Order Book
Order Book Order book to sales ratio stands at 2.4x FY16 revenue providing good revenue visibility (Rs mn) 2.8x 5.6x 3.8x 2.8x 2.4x 101,426 3% 89,407 82,000 75,542 74,873 Captive Non Captive 97% FY12 FY13 FY14 FY15 FY16 Order Book to Sales Ratio Segment wise Order book 3,715.2 5,173.8 8,511.9 7,487.
Slide 15: National Footprint of Order book
National Footprint of Order book State O/s Order Value* (Rs mn) Projects Haryana 291,428 6 Jharkhand 104,874 7 M.P. 88,879 6 1 Gujarat 69,026 12 5 Karnataka 34,587 2 1 Rajasthan 54,081 3 1 5 Maharashtra 15,948 2 2 A.P. 32,777 8 8 2 5 5 1 Delhi 14,504 4 3 2 Punjab 21,668 1 1 1 Odisha 1 20,892 2 1 Tot
Slide 16: Business Strategy
Business Strategy Enhance shareholder value & returns by adopting best technologies, utilizing state of art equipments, reduce finance costs by financial structuring & other measures Further strengthen market position & Continued focus on early increase contribution completion of projects & to
Slide 17: BOT Holding Co. - Sadbhav Infrastructure Project Limited (SIPL)
BOT Holding Co. - Sadbhav Infrastructure Project Limited (SIPL)
Slide 18: Sadbhav Infrastructure Project Ltd.
Sadbhav Infrastructure Project Ltd. • Incorporated in 2007, Sadbhav Infrastructure Project Ltd. (SIPL) is an asset holding arm of Sadbhav Engineering Ltd., currently having a portfolio of 11 Roads & Highways BOT projects with total project cost of ~Rs 101,608 mn About • Equity shares of SIPL listed
Slide 19: Operating Assets
Operating Assets Particulars ARRIL AJTL NSEL HYTPL BHTPL Current Stake 99.99% 99.99% 99.99% 99.99% 76.99% Proposed Stake 99.99%1 99.99% 99.99% 99.99% 76.99% Project Details Project Type Toll Toll Annuity Toll Toll State Gujarat Maharashtra Maha/MP Telangana Karnataka JV Partner N.A N.A N.A N.A Monte
Slide 20: Operating Assets
Operating Assets Particulars RPTPL MBCPNL DPTL SUTPL Current Stake 99.99% 77.82% 99.99% 99.99% Proposed Stake 99.99% 78.19%1 100.00% 99.99% Project Details Project Type Toll Service Fee Toll Toll State Haryana Maharashtra Maharashtra Rajasthan SREI Infra and SREI Sahaj e- JV Partner N.A SEL N.A vill
Slide 21: Under Construction Assets
Under Construction Assets Particulars BRTPL RHTPL Current Stake 99.99% 99.99% Project Details Proposed Stake 99.99% 99.99% Project Type Toll Toll State Rajasthan Haryana Client NHAI NHAI Lane kms 349.0 395.2 Concession Start Oct-13 Dec-13 Concession (yrs) 30 22 Scheduled COD Apr-16 June-16 Terms Res
Slide 22: Financials
Financials
Slide 23: Standalone Financials – SEL
Standalone Financials – SEL Balance Sheet (Rs mn) FY16 FY15 FY14 Income Statement (Rs mn) FY16 FY15 FY14 Share Capital 171.5 171.5 151.7 Income from Operations 31,862.5 29,698.5 23,581.2 Money recd. against Share Warrants - - 231.5 Expenditure 28,608.8 26,696.1 21,087.2 Reserves & Surplus 14,543.0 1
Slide 24: Consolidated Financials - SEL
Consolidated Financials - SEL Balance Sheet (Rs mn) FY16 FY15 FY 14 Income Statement (Rs mn) FY16 FY15 FY14 Share Capital 171.5 171.5 151.7 Income from Operations 38,775.2 34,480.2 27,325.2 Money recd. against Share Expenditure 30,740.3 28,613.1 22,869.7 - 231.5 Warrants EBIDTA 8,034.8 5,867.1 4,455
Slide 25: Thank You
Thank You
Sadbhav Engineering — Investor Presentation (April 2016) on 6ix