Il&fs Transportation Networks Limited · NSE:IL&FSTRANS
Il&fs Transportation Networks — Investor Presentation (2010)
36 slides from Il&fs Transportation Networks's investor presentation, 2010
Slide 1: IL&FS Transportation Networks Limited
IL&FS Transportation Networks Limited
Slide 2: Disclaimer
Disclaimer This presentation has been prepared solely by IL&FS Transportation Networks Limited (“ITNL”) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or s
Slide 3: In this presentation…
In this presentation… y Company Overview y Major j Milestones y The ITNL Group y Road Asset Portfolio y Projects in Pipeline y Projects j in other Transportation p Sub‐sectors y Company Positioning y Standalone and Consolidated Financials y Board of Directors and Key Managerial Personnel y Annexure
Slide 4: An Introduction
An Introduction IL&FS Transportation Networks Limited (ITNL) has the largest BoT PAN India presence with road asset portfolio (in terms of lane kilometer) in India with Jammu & BoT projects in 12 States Kashmir presence in a majority of the States ITNL is i promoted t d by b Infrastructure I f t
Slide 5: Initial Public Offering
Initial Public Offering ITNL recently concluded its Initial Public Offer (IPO) and got listed on the NSE and BSE stock exchanges on March 30, 2010 Received overwhelming response from all categories of investors Issue (net of Anchor Portion) subscribed ~35 x at upper end of the band @ INR 258 p
Slide 6: Key Differentiators
Key Differentiators Market Leadership in the Transportation Infrastructure Sector • With around 11,800 lane km comprised in 21 projects in its road assets portfolio • Forays into other surface transportation sub‐sectors like metro & bus transportation Track Record of Successful Project Implementatio
Slide 7: Major Milestones
Major Milestones Portfolio crossed the 10,000 lane km mark Public Issue Completed successfully Equity Infusion through induction of Stanchart With RIDCOR & WGEL commissioning, reached ~3,500 operating lane km 2010 2009 ITNL’s First NHAI BoT (Toll) Project - WGEL Signed concession for a 1
Slide 8: ITNL Group
1 ITNL Group IL&FS Transportation Networks Limited As at March 31, 2010 83.61% GRICL 25.35% Operating Subsidiaries NTBCL 87.25%* NKEL 70.00% 100.00% 100.00%* WGEL 50.00%* RIDCOR IERS Elsamex SA 49.93% TRDCL 100.00%* APEL Vs ROAD SPV 74.00%* CHDCL 48.00% 74.00%* JARDCL 20 subsidiaries R 100 00% 100.0
Slide 9: Portfolio: Road Projects
Portfolio: Road Projects • Diverse BOT portfolio of 21(1) road projects covering ~12,000(1) lane km spread across various states of India • Fair mix of “Annuity / assured payments” (ca. 48%) and “Toll” based (ca. 52%) projects at various stages of development Almaty Shillong Horgos(1) 14000 Jorbat 3
Slide 10: Road BoT Projects in Pipeline
Road BoT Projects in Pipeline As of 10th May 2010, ITNL has either been qualified for bidding or had submitted a bid for qualification for 78 projects worth ~ INR 425,000 million RFP Stage RFQ Stage Projects Length (km) Cost (Rs. Mn) Projects Length (km) Cost (Rs. Mn) NHAI 15 1,877 109,066 26 2,641
Slide 11: Portfolio Urban Infrastructure & Strategy
Portfolio Urban Infrastructure & Strategy Metro Rail Project – awarded by Haryana Urban Development Authority (HUDA) Metro link from Delhi metro Sikanderpur station to DLF Cyber City on NH-8 in Gurgaon Metro P j t Cost Project C t off ~Rs. R 1100 cr with ith a concession i period i d off 99 year
Slide 12: ITNL Positioning
ITNL Positioning A. Roads B. Urban Transportation • We are India’s largest private sector Bid • Rapid MetroRail Gurgaon Limited Sector Leverage BOT road operator with ~11,800 11,800 lane ((Jointlyy developed p byy a Consortium – K Knowledge l dg t k record track d km in our BoT road asset portfolio
Slide 13: Financial Parameters (Standalone)
Financial Parameters (Standalone) Revenue EBITDA(1) (INR mn) (INR mn) 9,500 6,500 3,000 4,000 9415 6440 2 250 2,250 3,000 2499 2277 1358 1323 1649 1,500 2,000 796 1,000 750 432 139 0 0 2006 2007 2008 2009 2010 2006 2007 2008 2009 2010 PAT(2) Average Capital Employed(3) (INR mn) RoE (%) (INR mn) RoCE
Slide 14: Financial Parameters (Consolidated)
Financial Parameters (Consolidated) Revenue EBITDA(1) (INR mn) (INR mn) 24,873 20,000 8,785 6,000 15,000 13,320 4,000 2,900 10,000 19,873 2,489 8,785 4,375 2,000 5,000 960 1,981 0 0 2007 2008 2009 2010 2007 2008 2009 2010 PAT(2)(4) Average Capital Employed(3)(4) (INR mn) RoE (%) (INR mn) RoCE (%) 3,
Slide 15: Value for Shareholders
Value for Shareholders Have consistently created wealth for our shareholders…. Public Issue Bessemer INR 5012 Cr* INR 4184 Cr* (Mar, 2010) Stanchart (Oct, 2009) IL&FS Fund INR 2280 Cr* (Mar, 2008) Goldman Sachs INR 1624 Cr* Trinity (Mar, 2007) p Capital INR 1542 Cr* (Dec, 2006) * Post money valuatio
Slide 16: Experienced Board of Directors
Experienced Board of Directors Independent Directors Non‐Independent Directors N Name Designation i i Name D i ti Designation Mr Deepak Dasgupta Chairman; Former Chairman NHAI Mr Ravi Parthasarthy Chairman, IL&FS Mr RC Sinha Vice Chairman & MD, Maharashtra Mr Hari Sankaran Managing Director, IL&FS A
Slide 17: Key Managerial Personnel
Key Managerial Personnel K. Ramchand • He has over 30 years of experience in urban and transport infrastructure development sector Managing Director Mukund Sapre • He has over 27 years of experience in the industry. Executive Director Harish Mathur • Has over 33 years of experience in various road c
Slide 18: Annexure I: Shareholding Pattern
Annexure-II Annexure Shareholding Pattern 17
Slide 19: Shareholding Pattern
Shareholding Pattern As at March 31, 2010 Category of Shareholder No. of Equity Shares Percentage Promoter Shareholdingg Infrastructure Leasing & Financial Services 13,50,00,000 69.49 IL&FS Employees' Welfare Trust 1,08,67,769 5.59 T l Promoter Total P Sh h ldi Shareholding 14 58 67 769 14,58,67,769
Slide 20: Annexure II: Details of Individual Projects
Annexure - II Details of Individual Projects 19
Slide 21: Noida Toll Bridge Company Ltd (NTBCL)
Noida Toll Bridge Company Ltd (NTBCL) Project Description Development of Toll Bridge connecting Delhi to NOIDA, in Uttar Pradesh 8 lane expressway Length 60 lane km Toll/Annuity Toll Landed Project Cost INR 5,888 million Concession Period From: Dec‐1998 To: Dec‐2028 (30 yrs) Project Status Commissio
Slide 22: Gujarat Roads and Infrastructure Company Ltd (GRICL)
Gujarat Roads and Infrastructure Company Ltd (GRICL) Project Description Development of SH 41 and SH 133 from Ahmedabad to Mehsana; and Development of SH 87 from Vadodra to Halol 4 lane with service roads Length 333 lane km & 190 lane km T ll/A Toll/Annuity it T ll Toll Landed Project Cost INR 4,657
Slide 23: North Karnataka Expressway Ltd (NKEL)
North Karnataka Expressway Ltd (NKEL) Project Description Development of 4 lanes with service roads from Belgaum (Karnataka) to Maharashtra Border (near Kolhapur) of NH‐4 Length 472 lane km Toll/Annuity Annuity Landed Project Cost INR 5,423 million Concession Period From: Jun‐2002 To: Dec‐2019 (17.5
Slide 24: West Gujarat Expressway Ltd (WGEL)
West Gujarat Expressway Ltd (WGEL) Project Description Development of NH 8B from Jetpur to Gondal from 2 lanes to 4 lanes & improvement of 4 lane NH 8B between Gondal and Rajkot Length 389 lane km Toll/Annuity Toll Landed Project Cost INR 2,758 million Concession Period From: Sep‐2005 To: Sep‐2025 (
Slide 25: Thiruvananthapuram Road Development Company Ltd (TRDCL)
Thiruvananthapuram Road Development Company Ltd (TRDCL) Project Description Development of several city roads within the city of Thiruvananthapuram on BoT basis in three phases L Length h 158 lane l kkm (Ph I ‐ 51 lane l k ) km), (Ph II & III‐ 107 lane km) Toll/Annuity Annuity Landed Project Cost (P
Slide 26: Road Infrastructure Development Co of Rajasthan Ltd (RIDCOR)
Road Infrastructure Development Co of Rajasthan Ltd (RIDCOR) Project Description Development of selected SHs under the Mega Highways Project in Rajasthan Length Ph‐I 2106 lane km (5 road stretches) Ph‐II 696 lane km (6 ( road stretches)) Toll/Annuity Toll Landed Project Cost Ph‐I INR 16,180 million
Slide 27: Andhra Pradesh Expressway Ltd (APEL)
Andhra Pradesh Expressway Ltd (APEL) Project Description Development of existing 2 lane NH‐7 from Kottakatta to Kurnool to 4 lanes. Project awarded by NHAI on BoT (Annuity) Length 328 lane km Toll/Annuity Annuity Landed Project Cost INR 8,629 million Concession Period Oct‐2006 to Sep‐2026 (20 yrs) P
Slide 28: East Hyderabad Expressway Ltd (EHEL)
East Hyderabad Expressway Ltd (EHEL) Project Description Development of an 8 lane outer ring road in Hyderabad from Pedda Amberpet to Bongulur. Project awarded by Hyderabad Urban Development Authority Length 173 lane km Toll/Annuity Annuity Landed Project Cost INR 4,278 million Concession Period Sep
Slide 29: Ramky Elsamex Hyderabad Ring Road Limited (REHRRL)
Ramky Elsamex Hyderabad Ring Road Limited (REHRRL) Project Description Development of an 8 lane outer ring road in Hyderabad from Tukkuguda to Shamshabad. Project awarded by y Hyderabad Urban Development p Authorityy Length 152 lane km Toll/Annuity Annuity Landed Project Cost INR 3,994 million Conce
Slide 30: ITNL Road Infrastructure Development Company Limited (IRIDCL)
ITNL Road Infrastructure Development Company Limited (IRIDCL) Project Description Development of 2 lane highway with an option to construct a 4 lane highway on the Beawer Gomti section of NH‐8 on DBFOT basis byy DORTH Length 248 lane km (on 2 lane) Toll/Annuity Toll Landed Project Cost INR 3,550 mil
Slide 31: Hazaribagh Ranchi Expressway Limited (HREL)
Hazaribagh Ranchi Expressway Limited (HREL) Project Description Development of 4 lane highway connecting Hazaribagh to Ranchi awarded by NHAI on BoT (Annuity) Length 319 lane km Toll/Annuity Annuity L d dP Landed Project j C Cost INR 8,692 8 692 million illi Concession Period Apr‐2010 to Apr‐2028 (1
Slide 32: Pune Sholapur Road Development Company Limited (PSRDCL)
Pune Sholapur Road Development Company Limited (PSRDCL) Project Description Development of 4 lane highway on road stretch connecting Pune to Sholapur (NH‐9) awarded by NHAI on BoT (Toll) Length 571 lane km Toll/Annuity Toll Landed Project Cost INR 14,027million Concession Period Mar‐2010 to Mar‐2030
Slide 33: Moradabad Bareilly Expressway Limited (MBEL)
Moradabad Bareilly Expressway Limited (MBEL) Project Description Development of 4 lane highway on road stretch connecting Moradabad to Bareilly (NH‐24) awarded by NHAI on BoT (Toll) Length 522 lane km Toll/Annuity Toll Landed Project Cost INR 19,836 million Concession Period Aug‐2010 to Aug‐2035 (25
Slide 34: Jharkhand Road Projects Implementation Company Ltd (JRPICL)
Jharkhand Road Projects Implementation Company Ltd (JRPICL) Project Description Development of select road stretches under the Jharkhand Accelerated Road Development Program Length Ph‐I 466 lane km (3 roads); Ph‐II ~536 lane km Toll/Annuity Annuity Estimated Project Ph‐I INR 14,078 million; Cost Ph‐
Slide 35: Other Road projects
Other Road projects Project Description Location/ (Status) Length Estimated Cost Road from Chennani to Nashri ‐ 11 km length with a 9 km long Jammu and Kashmir 38 lane km INR 37,400 million t tunnel l on BoT B T (Annuity) (A it ) b basis i ffrom NHAI NHAI. C Concession i period i d 20 yrs (L A recei
Slide 36: Thank You
Thank You IL&FS Transportation Networks Limited The IL&FS Financial Centre C-22, G Block, Bandra Kurla Complex Bandra (East), Mumbai – 400 051 Board: +91 22 2653 3333 Fax: +91 22 2652 3979 Email: itnlinvestor@ilfsindia.com
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