Ashoka Buildcon Limited · NSE:ASHOKA
Ashoka Buildcon — Q3 FY2022 Earnings Presentation
20 slides from Ashoka Buildcon's earnings presentation, Feb 14, 2022
Slide 1: Cover letter to stock exchanges
ASHOK,1 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
Slide 2: Result Update Presentation Q3FY22
Developing Infrastructure for Better Tomorrow | | | | RESULT UPDATE PRESENTATION | Q3FY22
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Ashoka Buildcon 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 securi
Slide 4: Sale of BOT Projects
Sale of 5 BOT Projects… Sale of entire share capital of following 5 subsidiaries to Galaxy Investments II Pte. Ltd. (KKR owned entity) for Aggregate Consideration of Rs. 1,337 Crs Ashoka Highways (Bhandara) Limited Ashoka Highways (Durg) Limited Ashoka Belgaum Dharwad Tollway Limited Ashoka
Slide 5: ABL - Business Structure – Pre & Post Transaction
ABL - Business Structure – Pre & Post Transaction EPC Business ACL and associates owned Projects (ABL Stake to ABL Owned Projects Stake move from current 66% to 100% post transaction) BOT Projects Part of Transaction Highway BOT Portfolio 1 Belgaum Dharwad Road 100.0% 1 Katni Bypass^^ 99.9% Equity S
Slide 6: Projects Awarded
Orders Inflow of Rs. 8,526 crores (from 1.04.2021 to as on date) Provisional Certificate (COD) for NHAI Project in Jharkhand in October, 2021 October 9, 2021 declared as Provisional COD for NHAI HAM Project of 6 Laning of Khairatunda to Barwa Adda Section of NH-2 in the Jharkhand Appointed Date fo
Slide 7: Standalone Profitability Highlights
Standalone Profitability Highlights Rs mn Q3 FY22 Q3 FY21 Y-o-Y(%) Q2 FY22 Q-o-Q(%) 9MFY22 9M FY21 Y-o-Y(%) Total Income from Operations 11,037 9,807 9,171 30,323 24,306 Other Income 291 473 590 1,353 1,454 Revenue 11,328 10,280 10.2% 9,762 16.0% 31,676 25,760 23.0% Operating Expenses 9,830 8,752 8,
Slide 8: Consolidated Profitability Highlights
Consolidated Profitability Highlights Rs mn Q3 FY22 Q3 FY21 Y-o-Y(%) Q2 FY22 Q-o-Q(%) 9MFY22 9M FY21 Y-o-Y(%) Total Income from Operations 14,405 13,055 12,649 39,885 32,561 Other Income 349 256 398 1,017 855 REVENUE 14,754 13,311 10.8% 13,047 13.1% 40,902 33,417 22.4% Operating Expenses 10,421 8,89
Slide 9: Debt Profile as of December 2021
Debt Profile as of December 2021 Consolidated Debt (Rs. Mn) Cash & Bank Balance Break up (Rs. Mn) Project Debt incl. ACL NCD Standalone Debt Consolidated Cash & Bank Balance Standalone Cash & Bank Balance 64,655 68,221 62,414 3,834 6,488 5,263 1,362 457 264 57,151 60,821 61,733 6,184 5,670 5,955 Jun
Slide 10: EPC Business Highlights
ASHGKA EPC BUSINESS HIGHLIGHTS
Slide 11: EPC order backlog of Rs. 112.5 bn, 2.1x FY21 Revenue
EPC order backlog of Rs. 112.5 bn, 2.1x FY21 Revenue Order backlog of Rs. 112.5 bn as on 31st Dec 2021 Segment Rs. Mn Segment Rs. Mn Roads 76,332 Others 46,186 HAM 26,380 Power T&D & Others 19,020 HAM: Tumkur-ShivamogaIV, Karnataka 8,770 Rajasthan 6,057 HAM: Tumkur-Shivamoga III, Karnataka 4,725 Jam
Slide 12: Order Book- Break-up
Order Book- Break-up 1,22,518 [VALUE] 15.5% 0.67% 21.5% 91,515 [VALUE] 6.0% [VALUE] 15.5% 40.8% Dec'20 Mar'21 Jun'21 Sep'21 Dec'21 Road HAM Road EPC Power T&D & Others Railways CGD EPC Buildings Figures in Rs Mn * Excludes orders worth Rs. 22,186 Mn received post Dec 21 11
Slide 13: HAM Project Portfolio - Status
HAM Project Portfolio - Status Estimated Equity % Stake Estimated Annuity Equity Grant Invested Total Debt Projects Status TPC Grant Received (ACL/ABL) (including Debt Received* (including Drawn* (Annuity+int) PIM) PIM)* Kharar-Ludhiana 100% COD(P) 14,500 6,400 2,100 6,000 6,113 2,106 5,680 1,720 Ra
Slide 14: EPC business financial performance
EPC business financial performance Figures in Rs Mn Revenue# EBITDA and EBITDA Margin 15% 16% 18% 18% 15% 39,363 40,824 40,096 7,306 7,116 31,676 6,309 25,461 4,815 3,912 FY18 FY19 FY20 FY21 9MFY22 FY18 FY19 FY20 FY21 9MFY22 PAT and PAT Margin Order Book 9% 7% 9% 10% 9% 1,22,518 3,871 4,081 83,940 8
Slide 15: Development Business
ASHGKA DEVELOPMENT BUSINESS
Slide 16: Gross toll collection
Gross toll collection Rs mn Q3 FY22 Q3 FY21 Y-o-Y(%) Q2 FY22 Q-o-Q(%) ACL BOT Projects Belgaum Dharwad 298.4 277.0 7.7% 250.8 19.0% Dhankuni - Kharagpur 1,043.3 1,070.2 -2.5% 970.5 7.5% Bhandara 209.3 213.9 -2.1% 201.3 4.0% Durg 238.6 242.7 -1.7% 229.6 3.9% Jaora - Nayagaon 437.2 448.9 -2.6% 452.1 -
Slide 17: Toll collection: ACL projects
Toll collection: ACL projects Company Ashoka Belgaum Dharwad Tollway Ltd. Company Ashoka Dhankuni Karagpur Tollway Ltd. Project Belgaum Dharwad Project Project Dhankuni Karagpur Project Period 2019-20 2020-21 2021-22 % rise Period 2019-20 2020-21 2021-22 % rise April-June 236.8 117.6 189.5 61.1% Apr
Slide 18: Toll collection: ACL projects
Toll collection: ACL projects Company Jaora - Nayagaon Toll Road Company Pvt Ltd. Project Jaora – Nayagaon Road Project Period 2019-20 2020-21 2021-22 % rise April-June 459.8 225.3 368.3 63.5% July-Sept 432.4 424.4 452.1 6.5% Oct-Dec 438.6 448.9 437.2 -2.6% Jan-Mar 423.5 455.1 - - 1,754.3 1,553.6 1,
Slide 19: Toll collection: ABL owned projects
Toll collection: ABL owned projects Company Abhijeet Ashoka Infrastructure Pvt. Ltd. Ashoka DSC Katni Bypass Road Ltd. Project Wainganga Bridge Katni Road Project Period 2019-20 2020-21 2021-22 % rise 2019-20 2020-21 2021-22 % rise April-June 76.5 48.7 75.4 54.7% 59.9 46.6 57.0 22.2% July-Sept 72.4
Slide 20: For Further Information, Please Contact
FOR FURTHER INFORMATION, PLEASE CONTACT: Ashoka Buildcon Limited Mr. Paresh Mehta paresh.mehta@ashokabuildcon.com CIN : L45200MH1993PLC071970 S. No. 861, Ashoka House, Ashoka Marg, Nashik - 422 011 Tel. No. 0253 - 6633705 www.ashokabuildcon.com Stellar IR Advisors Pvt. Ltd. Mr. Gaurang Vasani / Mr.