Slide 1: Nila Infrastructures Limited Investor Presentation August 2018
NILA INFRASTRUCTURES LIMITED INVESTOR PRESENTATION | AUGUST 2018
Slide 2: Executive Summary
Executive Summary Company Overview • Nila Infrastructures Ltd. established in 1990, initially operating as a city-based realtor, has now transformed into a diversified Infrastructure entity operating in Gujarat and Rajasthan. • It is listed on the BSE + NSE and has a market cap of ~INR 5.3 Bn as on
Slide 3: Company Overview
COMPANY OVERVIEW
Slide 4: Company Overview – Nila Infrastructures Ltd.
Company Overview – Nila Infrastructures Ltd. Total Operating Revenue (INR Mn) and EBITDA margin 18% 14% • A flagship unit of the Ahmedabad based Sambhaav Group, Nila 14% Infrastructures Limited is one of Gujarat’s leading companies engaged in turnkey civic urban infrastructure development. • The com
Slide 5: Key Milestones
Key Milestones 2014 - 2017 • AMC awarded contract for Affordable Housing under Mukhya Mantri 2010 - 2013 Avas Yojana, Multi Level Parking, SRA • Launched 3 major 2006 - 2009 housing schemes - • Rajasthan Government, • First Urban Anvayaa, Anaahata VUDA award projects Development Project: and Atuulya
Slide 6: Key Differentiators
Key Differentiators Project Diversity Execution Proficiency • Affordable Housing Projects, Slum • The company has delivered 4,823 flats Rehabilitation Projects, Multilevel under the Affordable Housing Scheme. Parking, Medical College Campus, BRTS • Established track record in satisfactorily Stations
Slide 7: Board of Directors
Board of Directors Mr. Manoj Vadodaria – CMD Mr. Kiran Vadodaria – Joint MD • 40+ years of experience, knowledge, and insight in the • B.E. (Mechanical) from L.D. Engineering College, currently the construction industry; transformed Nila from a city-based realtor Chairman and Managing Director of Sa
Slide 8: Key Management Personnel
Key Management Personnel Deep Vadodaria - Chief Operating Officer Prashant Sarkhedi - Chief Finance Officer • An original thinker with an immense reasoning power. With a • A professional with more than 25 years of experience in finance, problem-solving attitude, he addresses complex issues in his ow
Slide 9: Business Mix
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Slide 10: Area of Operations
Area of Operations EPC PPP • Affordable Housing • Slum Rehabilitation and Redevelopment • Civic Urban infrastructure • Development of Bus Ports • Private White Label Construction The company generally operates Total Order-book break up The company pays for the cost of on fixed price contracts, and c
Slide 11: Projects and Geographic diversity
Projects and Geographic diversity Infrastructure ⁻ Affordable Housing ⁻ Slum Redevelopment Projects ⁻ Office Complex ⁻ Bus Stations ⁻ Multi-Level Parking ⁻ Warehouses JODHPUR ⁻ Industrial Development 4,224 units ⁻ Medical college campus NAVIYANI 1 Lakh sq. Ft. BARMER 100 MBBS BHILWADA SITAPUR MODASA
Slide 12: Clientele
Clientele Adani Ports and Special Economic Zones Limited • Government of Rajasthan • Vadodara Urban Development Authority • Ahmedabad Municipal Corporation • Adani Group • Applewoods Estate Pvt Ltd • Gujarat State Road Transport Corporation • Engineering Projects India Ltd (a Mini Ratna) • Rajasthan
Slide 13: Infrastructure – Affordable Housing
INFRASTRUCTURE – AFFORDABLE HOUSING
Slide 14: Affordable Housing – Overview
Affordable Housing – Overview Revenue from Affordable Housing (INR Mn) 1,191 • The company was one of the first to venture into the Affordable 1,042 Housing scheme in 2012 and is now a specialist in this segment. 698 • The company engages in the development of projects for EWS, LIG, and MIG sections
Slide 15: Order Book for Affordable Housing at 30-June-2018
Order Book for Affordable Housing at 30-June-2018 Total Order-book break up Business Sr. Project – Client Value (INR Mn) Model CUI 24% 1 Kailashnagar – AMC PPP 48 2 Khodiyarnagar – AMC PPP 211 3 Jodhpur – JoDA EPC (R) 1,073 Affordable Housing 4 Bhilwara – UIT EPC (R) 102 76% 5 Jodhpur – RUDSICO EPC
Slide 16: Completed Projects under Affordable Housing
Completed Projects under Affordable Housing Adani Pratham LIG 6 Slum redevelopment/rehabilitation • Employer - Adani Infrastructures and • Employer – AMC. • Employer – AMC. Developers Pvt. Ltd. • Units – 608 LIG Flats + 40 shops + 8 • Units – 609 Flats + 21 shops. • Units – 800 flats. offices. EWS/L
Slide 17: Industry Overview for Affordable Housing
Industry Overview for Affordable Housing Increasing Affordability: Mortgage payment to post-tax Income ratio 41% 39% 36% 33% 34% 34% 32% 30% 30% 27% 26% • The Government targets to build 20 Mn urban and 30 Mn rural houses by 2022 under an INR 60 Bn FY2018 budget. • The two main drivers of Affordable
Slide 18: Civic Urban Infrastructure
| CIVIC URBAN INFRASTRUCTURE NILA INFRASTRUCTURES, UIMTTED.
Slide 19: Civic Urban Infrastructure – Overview
Civic Urban Infrastructure – Overview • The Company gained traction in Civic Infrastructure, in 2006-07 as the flagship company of the Group Sambhaav Media Ltd was awarded construction of decorative AMTS Bus Stand in Ahmedabad. • The Company has undertaken a variety of projects under Civic Urban Inf
Slide 20: Order book for Civic Urban Infrastructure at 30-June-2018
Order book for Civic Urban Infrastructure at 30-June-2018 Total Order-book break up Business Sr. Project – Client Value (INR Mn) Model Affordable Housing 1 APSEZ EPC 168 76% 2 Arham EPC 353 CUI 3 Barmer – EPIL EPC 433 24% 4 Kent – Becharaji EPC 161 CUI Segment Break up 5 Romanovia – Becharaji EPC 17
Slide 21: BRTS – A Success Story
BRTS – A Success Story BRTS Bus Stations Built By NILA (104 of 144) – Ahmedabad BRTS – A Success Story • Prime Contractor for Global Award Winning BRTS (Bus Rapid Transit System) project of AMC. 72% BRTS stations awarded to NILA (104 out of 144). • Total value ~ INR 630 Mn. 21
Slide 22: Industry Overview for Civic Urban Infra
Industry Overview for Civic Urban Infra • USD 950 Bn financing in the next 20 years to effectively build and run the urban cities by providing civic amenities, employment opportunities, and creating social infrastructure. • It is expected that a number of large sized urban infrastructure projects in
Slide 23: White Label Construction
Satie : __ | WHITE LABEL CONSTRUCTION
Slide 24: White Label Construction
White Label Construction • Under White Label Construction, the company undertakes construction projects on an EPC/LSTK basis for reputed private developers. • The construction of Venus Ivy Residential Apartments – 2 Towers (Basement plus Hollow Plinth and 12 floors) has been successfully completed b
Slide 25: Industrial and Logistics Parks
INDUSTRIAL AND LOGISTICS PARKS
Slide 26: Becharaji (Gujarat) – The next Auto-hub of India
Becharaji (Gujarat) – The next Auto-hub of India • Close proximity to Major all-weather ports viz., Kandla and Mundra, promise excellent access to global markets. Becharaji, Gujarat • This preempts huge long term investments by auto majors like Suzuki and Honda Motorcycles & Scooters in and around t
Slide 27: Becharaji (Gujarat) – The next Auto-hub of India
Becharaji (Gujarat) – The next Auto-hub of India Particulars Romanovia Industrial Park Pvt.Ltd. Kent Residential and Industrial Park LLP TVS Warehouse Nittsu Logistics Warehouse SMGPL Dormitory Project Images Ownership 50:50 Joint Venture between Nila Infrastructures Limited and the Kataria Group (
Slide 28: Way Forward – Infrastructure
Way Forward – Infrastructure • Affordable Housing has been granted “Infrastructure” status, serving as a stimulus to the segment. • Central Government has targeted the construction of 10 Mn houses per annum with demand growing at 6- 7 Mn per year due to population growth and nuclearisation of famili
Slide 29: Corporate Action
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Slide 30: Corporate action - Demerger
Corporate action - Demerger Pre Demerger Post Demerger Promoters: 61.90% Promoters: 61.90% Public: 38.10% Public: 38.10% Nila Infrastructures Ltd. (NILA) Nila Infrastructures Ltd. (NILA) Nila Spaces Ltd. (NSL) Infrastructure Business Real Estate Business Infrastructure Business Real Estate Business
Slide 31: Historical Financial Highlights
HISTORICAL FINANCIAL HIGHLIGHTS
Slide 32: Income Statement – Standalone (IND-AS)
Income Statement – Standalone (IND-AS) Particulars (INR Mn) FY2017 FY2018 Q1-FY2019 Income from Operations 1,983 2,143 503 Operating Expenses 1,699 1,763 431 EBITDA 284 380 72 EBITDA Margin (%) 14.32% 17.73% 14.31% Finance Cost 89 111 31 Depreciation 16 17 4 Other Income 69 73 25 Profit Before Tax 2
Slide 33: Balance Sheet – Standalone (IND-AS)
Balance Sheet – Standalone (IND-AS) EQUITIES & LIABILITIES (INR Mn) FY2017 FY2018 ASSETS (INR Mn) FY2017 FY2018 Shareholder Funds Non Current Assets Equity Share Capital 393 394 Property, Plant and Equipment 92 90 Other Equity 214 684 Investment Properties 255 250 Total -Shareholder Funds 607 1,078
Slide 34: Income Statement – Consolidated (IND-AS)
Income Statement – Consolidated (IND-AS) Income Statement (INR Mn) FY2017 FY2018 Income from Operations 1,946 2,022 Total Expenses 1,670 1,665 EBITDA 276 357 EBITDA Margin 14.18% 17.66% Finance Cost 89 111 Depreciation 16 17 Other Income 59 55 Share in profit of joint venture and associate 2 6 PBT 2
Slide 35: Balance Sheet – Consolidated (IND-AS)
Balance Sheet – Consolidated (IND-AS) EQUITIES & LIABILITIES (INR Mn) FY2017 FY2018 ASSETS (INR Mn) FY2017 FY2018 Shareholder Funds Non Current Assets Equity Share Capital 393 394 Property, Plant and Equipment 92 90 Other Equity 194 639 Investment Properties 255 250 Total -Shareholder Funds 587 1,03
Slide 36: Consolidated Financial Performance (IND-AS)
Consolidated Financial Performance (IND-AS) Revenue (INR Mn) and EBITDA Margin (%) PAT (INR Mn) and PAT Margins (%) Debt to Equity Ratio 17.7% 9.6% 14.2% 7.4% 1,946 2,022 149 200 1.08 0.65 FY17 FY18 FY17 FY18 FY17 FY18 Interest Coverage Ratio Current Ratio 3.1 3.22 1.17 1.55 FY17 FY18 FY17 FY18 36
Slide 37: Capital Market Information
Capital Market Information Share Price Performance at 30th June, 2018 Nila Infra Sensex 70% 60% 50% 40% 30% 20% 10% 0% -10% -20% Jul-17 Aug-17 Sep-17 Oct-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Price Data as on 30th June, 2018 Shareholding Pattern as on 30th June, 2018 CMP
Slide 38: Disclaimer
Disclaimer No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d