Ashoka Buildcon Limited · NSE:ASHOKA
Ashoka Buildcon — Q4 FY2022 Earnings Presentation
21 slides from Ashoka Buildcon's earnings presentation, June 2022
Slide 1: Result Update Presentation Q4FY22
Developing Infrastructure for Better Tomorrow | | | | RESULT UPDATE PRESENTATION | Q4FY22
Slide 2: 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 3: Sale of 5 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 4: Sale of stake in GVR Ashoka Chennai ORR Limited
Sale of stake in GVR Ashoka Chennai ORR Limited Executed Share Purchase Agreement (SPA) with National Investment and Infrastructure Fund Limited (“NIIF”) for Sale of 100% equity of Chennai ORR project for aggregate financial consideration of Rs. 686 Crs ◼ Sale of 18.9 Crs equity shares in CORR, cons
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 Equity Sale Agreement with KKR Highway BOT Portfolio entity for aggregate considera
Slide 6: Key Projects Awarded from Jan 22 onwards
Orders Intake of Rs. 9,793 crores (From 01.04.2021 to as on date) LOA for NHAI Project of Rs. 829 Crs in January, 2022 ◼ Construction of 6 laning from Belgaum to Sankeshwar Bypass NH-48 in Karnataka on EPC mode under Bharatmala Pariyojana (Package-I) Key Projects Awarded from Jan 22 onwards LOI for
Slide 7: Standalone Profitability Highlights
Standalone Profitability Highlights Rs mn Q4FY22 Q4FY21 Y-o-Y (%) Q3FY22 Q-o-Q (%) FY22 FY21 Y-o-Y (%) Total Income from Operations 15,592 13,870 11,037 45,915 38,175 Other Income 635 466 291 1,988 1,921 Revenue 16,227 14,336 13.2% 11,328 43.2% 47,903 40,096 19.5% Operating Expenses 14,029 11,857 9,
Slide 8: Consolidated Profitability Highlights
Consolidated Profitability Highlights Rs mn Q4FY22 Q4FY21 Y-o-Y (%) Q3FY22 Q-o-Q (%) FY22 FY21 Y-o-Y (%) Total Income from Operations 19,573 17,356 14,405 59,458 49,917 Other Income 997 447 349 2,014 1,302 REVENUE 20,570 17,802 15.5% 14,754 39.4% 61,472 51,219 20.0% Operating Expenses 14,244 12,557
Slide 9: Consolidated Balance Sheet (as per IND-AS)
Consolidated Balance Sheet (as per IND-AS) Rs mn Mar-22 Mar-21 Rs mn Mar-22 Mar-21 Shareholder’s Fund 13,808 6,193 Non-current assets 41,015 1,03,102 Share capital 1,404 1,404 Fixed assets 13,812 75,495 Reserves & Surplus 12,405 4,790 Other Non-current assets 27,203 27,606 Non-Controlling Interest 2
Slide 10: Debt Profile as of March 2022
Debt Profile as of March 2022 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 62,414 64,655 68,221 66,998 1,618 3,834 6,488 4,862 5,263 1,362 457 264 57,151 60,821 61,733 59,63
Slide 11: EPC Business Highlights
ASHOKA EPC BUSINESS HIGHLIGHTS
Slide 12: Current EPC order backlog of Rs. 146.3 bn
Current EPC order backlog of Rs. 146.3 bn Order backlog of Rs. 137.3 bn as on 31st March 2022 Segment Rs. Mn Segment Rs. Mn Roads 79,060 Others EPC Projects 58,249 HAM 24,539 Power T&D 23,573 Tumkur-Shivamoga IV, Karnataka 9,439 Rajasthan 5,487 Tumkur - Shivamoga II, Karnataka 2,909 Jammu & Kashmir
Slide 13: Order Book- Break-up
Order Book- Break-up Figures in Rs Mn EPC Road HAM, Buildings , 17.9% 137,309 15.9% 122,518 CGD, 0.50% 118,832 Railways, 8.9% 94,723 81,669 Power T&D & Others, 17.2% Road EPC, Mar'21 Jun'21 Sep'21 Dec'21 Mar'22 39.7% * Excludes orders worth Rs. 9,021 Mn received post Mar 22 13
Slide 14: 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 2,458 Ra
Slide 15: EPC business financial performance
EPC business financial performance Figures in Rs Mn Revenue# EBITDA and EBITDA Margin 15% 16% 18% 18% 15% 47,903 39,363 40,824 40,096 7,306 7,116 7,013 6,309 25,461 3,912 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 PAT and PAT Margin Order Book 9% 7% 9% 10% 10% 137,309 4,610 3,871 4,081 83,940
Slide 16: Development Business
ASHOKA DEVELOPMENT BUSINESS
Slide 17: Gross toll collection
Gross toll collection (Rs. Mn) Q4FY22 Q4FY21 Y-o-Y (%) Q3FY22 Q-o-Q (%) ACL Projects Belgaum Dharwad 304.7 293.0 4.0% 298.4 2.1% Dhankuni - Kharagpur 1073.1 1042.7 2.9% 1043.3 2.9% Bhandara 222.8 217.1 2.6% 209.3 6.4% Durg 255.2 242.7 5.1% 238.6 6.9% Jaora - Nayagaon 467.4 455.1 2.7% 437.2 6.9% Samb
Slide 18: 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 2018-19 2019-20 2020-21 2021-22 % rise Period 2018-19 2019-20 2020-21 2021-22 % rise April-June 229.9 236.8
Slide 19: Toll collection: ACL projects
Toll collection: ACL projects Company Jaora - Nayagaon Toll Road Company Pvt Ltd. Project Jaora – Nayagaon Road Project Period 2018-19 2019-20 2020-21 2021-22 % rise April-June 516.4 459.8 225.3 368.3 63.5% July-Sept 516.4 432.4 424.4 452.1 6.5% Oct-Dec 497.4 438.6 448.9 437.2 -2.6% Jan-Mar 489.7 42
Slide 20: Toll collection: ABL owned projects
Toll collection: ABL owned projects Company Abhijeet Ashoka Infrastructure Pvt. Ltd. Company Ashoka DSC Katni Bypass Road Ltd. Project Wainganga Bridge Project Katni Road Project Period 2018-19 2019-20 2020-21 2021-22 % rise Period 2018-19 2019-20 2020-21 2021-22 % rise April-June 74.7 76.5 48.7 75.
Slide 21: 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 vgaura