38 slides from Irb Infrastructure Developers's investor presentation, December 2016
Slide 1: Corporate Presentation | December 2016
Corporate Presentation | December 2016 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by IRB Infrastructure Developers Limited (the “Company”) solely for your information and for your use and may not be taken away, reproduced, redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organiza
Slide 3: Contents
Contents Sr. No Particulars 1 Company Overview 2 Key Highlights for December 31 , 2016 quarter 3 Key Competitive Difference 4 Roadmap so far 5 The IRB Group 6 Organization Structure 7 Shareholding Pattern 8 Operational BOT Projects 9 BOT Projects under implementation 10 Strong Order Book 11 Recently
Slide 4: Key Highlights during the December 2016 Qtr
Key Highlights during the December 2016 Qtr Financial •Consolidated Income For Q3 FY 2017 has gone up to Rs.14,407 mn from Rs.13,655 mn registering a growth of 6% in comparison to Q3 FY2016. Whereas for 9M FY2017 stands at Rs. 43,130 Mn from Rs. 36,812 Mn registering a growth of 17% over 9M FY2016 •
Slide 5: Company Overview
Company Overview IRB Group IRB Infrastructure Developers Limited (“IRB”) incorporated in 1998, has strong in-house integrated execution capabilities One of the leading Infrastructure Development company in India in road and highway sector Group has successfully executed numerous BOT projects i
Slide 6: Key Competitive Advantage
Key Competitive Advantage One of the largest BOT Project Portfolio in the Roads and Highways Robust order 22 BOT projects Sector book of out of which 14 Rs 120,113 Mn are operational Key Competitive Professionally Advantage Strong financial managed track record and company with relationship with qua
Slide 7: Roadmap So Far
Roadmap So Far Awarded 2 Nos. of Six Laning Projects of First ever Airport Project in IRB’s NHAI on DBFOT Pattern in the state of portfolio Rajasthan Successfully raised Rs. – Udaipur to Gujarat Border section – Greenfield Airport Project in 4,400.06 Mn by way of QIP Sindhudurg, Maharashtra. o
Slide 8: The "IRB" Group
The “IRB” Group IRB’s Road Projects Sr. Length in Company Road Name No. Km Roads 100%** 22 BOT Projects 1 Ideal Road Builders Pvt. Ltd. Thane Bhiwandi Bypass BOT 24.00 2 Aryan Toll Road Pvt. Ltd. Pune – Sholapur BOT 26.00 3 ATR Infrastructure Pvt. Ltd. Pune – Nashik BOT NH 50 29.81 4 Mhaiskar Infras
Slide 9: Organization Structure
Organization Structure Board of Directors Mr. Virendra D. Mhaiskar Chairman and Managing Director Mrs. Deepali V. Mhaiskar Mr. Mukesh Gupta Mr. Sudhir Hoshing Executive Director Executive Director Joint Managing Director Mr. Chandrashekhar S. Kaptan Mr. Sunil H. Talati Mr. Sandeep Shah Mr. Sunil Tan
Slide 10: Organization Structure
Organization Structure Statutory Auditors Mr. Rajkamal R. Bajaj Internal Auditors Suresh Surana & Associates S. R. Batliboi & Co. LLP Advisor to the Board Chartered Accountants Chartered Accountants Joint Statutory Auditors Bankers / Lenders of IRB Group Gokhale & Sathe Andhra Bank Canara Bank Chart
Slide 11: Shareholding Pattern
Shareholding Pattern Shareholding Pattern as On December 31, 2016 Name Percentage (%) Promoter 57.20 Promoter Group 0.17 FII / EPI 28.83 DII 8.00 Others 5.80 Total 100.00 11
Slide 12: Operational BOT Projects
Operational BOT Projects Name of Surat Bharuch Tumkur Omallur Salem the Project Dahisar Surat Chitradurga Namakkal Client NHAI NHAI NHAI NHAI State Maharashtra / Gujarat Gujarat Karnataka Tamil Nadu Length of the Project (In 239.00 65.00 114.00 68.625 Kms) Project Cost as appraised by the Lenders 25
Slide 13: Operational BOT Projects
Operational BOT Projects Name of Talegaon Jaipur Pathankot Ahmedabad the Project Amravati Deoli Amritsar Vadodara Client NHAI NHAI NHAI NHAI State Maharashtra Rajasthan Punjab Gujarat Length of the 66.73 146.30 102.42 195.602 Project (In Kms) Project Cost as appraised by the 8,880 17,330 14,453 48,8
Slide 14: Operational BOT Projects
Operational BOT Projects Name of Mumbai IRDP Thane Ghodbunder the Project Pune Kolhapur Client MSRDC MSRDC MSRDC State Maharashtra Maharashtra Maharashtra Length of the Project (In Kms) 206.00 14.90 49.99 Project Cost as appraised by the 13,016 2,462 4,300 Lenders Rs. Mn Debt / Unsecured Loan Outsta
Slide 15: Operational BOT Projects
Operational BOT Projects Thane - Bhiwandi Name of the Project Pune - Nashik Pune - Solapur Bypass Client MORT&H MOSRT&H MOSRT&H State Maharashtra Maharashtra Maharashtra Length of the Project (In Kms) 24.00 29.81 26.00 Project Cost as appraised by the Lenders 1,040 737 630 Rs. Mn Debt / Unsecured Lo
Slide 16: BOT Projects Under Implementation
BOT Projects Under Implementation Goa / Karnataka Border Solapur Yedeshi Name of the Project to Kundapur Yedeshi Aurangabad Client NHAI NHAI NHAI State Karnataka Maharashtra Maharashtra Length of the Project (In Kms) 189.60 98.72 189.09 Project Cost as appraised by 26,390 14,920 31,770 the Lenders.
Slide 17: BOT Projects Under Implementation
BOT Projects Under Implementation Kaithal Name of the Project Agra – Etawah Rajanthan Border Client NHAI NHAI State Haryana Uttar Pradesh Length of the Project (In 166.26 124.52 Kms) Project Cost as appraised by the Lenders. (Rs. 22,900 25,230 Mn) Debt / Unsecured Loan Outstanding as December 11,678
Slide 18: Strong Order Book
Strong Order Book Goa Kundapur Order book As on December 31, 2016 6% Sindhudurg O & M Contracts Amount Airport Order Book* Composition 15% 2% in Rs. Mn Solapur Yedeshi Ongoing BOT Projects 48,257 Kishangarh 2% Gulabpura 12% Yedeshi BOT Projects in O&M Phase 17,496 Aurangabad 9% BOT Projects - Constr
Slide 19: Recently Awarded Projects
Recently Awarded Projects Six-laning from km 287.400 to km Six Laning of Kishangarh Udaipur Six laning of Kishangarh to 401.200 section of NH-8 in the states Ahmedabad section from km. Gulabpura section of NH 79A and of Rajasthan & Gujarat (approx. 90.000 (near Gulabpura) to km. NH 79 in the State o
Slide 20: IRB's BOT Road Portfolio
IRB’s BOT Road Portfolio BOT Portfolio – Km & Lane Km BOT Portfolio – State wise % 12000 Rajasthan 22% Karnataka 10000 12% Punjab 3% 8000 Tamil Nadu 2% Km and LKM Haryana 6000 6% Gujarat 18% Uttar Pradesh 4000 6% Maharashtra 31% 2000 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Year 1998 1999 2002 2003
Slide 21: The Road Ahead
The Road Ahead BOT Projects Continue to focus on BOT infrastructure projects in the road and highways sector Geographical diversification - accentuating Company’s nationwide plans De-risking revenue stream Dependency on single project now reduced to KM-82 operationalization of Surat Dahisar, T
Slide 22: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period December 2016 ( Quarter) (As per Ind-AS) December 2015 (Quarter) (As per Ind-AS) Ended Construction Particulars Total All Segments BOT Segment Total All Segments Construction Segment BOT Segment Segment Amt % Amt % Amt % Amt % Amt % Amt %
Slide 23: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period December 2016 ( Quarter) (As per Ind-AS) September 2016 ( Quarter) (As per Ind-AS) Ended Construction Particulars Total All Segments BOT Segment Total All Segments Construction Segment BOT Segment Segment Amt % Amt % Amt % Amt % Amt % Amt
Slide 24: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period December 2016 ( 9 Months ) (As per Ind-AS) December 2015 ( 9 Months) (As per Ind-AS) Ended Particulars Total All Segments Construction Segment BOT Segment Total All Segments Construction Segment BOT Segment Amt % Amt % Amt % Amt % Amt % A
Slide 25: Strong Financial Track Record Consolidated Financials
Strong Financial Track Record Consolidated Financials Revenue EBITDA 60,000 30,000 27,845 52,541 50,000 25,000 23,247 23,207 43,130 38,174 39,605 18,751 40,000 37,319 20,000 17,634 32,582 Rs. in Mn 14,946 Rs.in Mn 30,000 15,000 20,000 10,000 5,000 10,000 - - FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 F
Slide 26: Strong Financial Track Record Consolidated Financials
Strong Financial Track Record Consolidated Financials Net Worth & ROE Net Debt & Net Debt to Equity Ratio 58,000 53,160 30% 163,000 6.00 54,000 154,000 148,377 48,272 145,000 134,093 50,000 25% 136,000 5.00 46,000 43,609 127,000 17% 35,607 118,000 109,695 42,000 17% 20% 4.00 109,000 95,816 (Rs. Mn)
Slide 27: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn Sr. FY 2016 FY 2017 FY 2016 FY 2017 No Name of the Project FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 9M–Dec 9M– Dec Q3–Dec Q3– Dec . 2015 2016 2015# 2016 # 1 Mumbai - Pune BOT Project 3,977 4,162 4,376 5,673 6,331 4,682 4,986 1,621 1,372 2 Surat Dahisar BOT
Slide 28: Average Gross Daily Toll Revenue for October 2016 vis-a-vis December 2016
Average Gross Daily Toll Revenue for October 2016 vis-a-vis December 2016 Amount in Rs Mn Average gross daily collection Average gross daily % Change after Sr.No Name of project for the month December 2016 collection for the month demonetization (December 3rd to 31st) October 2016 A B (A-B)/B*100 1
Slide 29: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn Post demonetisation, toll collection was temporarily stopped and Company has claimed compensation as per Concession agreement. The Compensation amount is not included in the toll collection. Hence, December quarter (Q3) is not comparable 29
Slide 30: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn Post demonetisation, toll collection was temporarily stopped and Company has claimed compensation as per Concession agreement. The Compensation amount is not included in the toll collection. Hence, December quarter (Q3) is not comparable 30
Slide 31: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn Post demonetisation, toll collection was temporarily stopped and Company has claimed compensation as per Concession agreement. The Compensation amount is not included in the toll collection. Hence, December quarter (Q3) is not comparable 31
Slide 32: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn Post demonetisation, toll collection was temporarily stopped and Company has claimed compensation as per Concession agreement. The Compensation amount is not included in the toll collection. Hence, December quarter (Q3) is not comparable. 32
Slide 33: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn Post demonetisation, toll collection was temporarily stopped and Company has claimed compensation as per Concession agreement. The Compensation amount is not included in the toll collection. Hence, December quarter (Q3) is not comparable. 33
Slide 34: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative During Q3- December 2015 During Q3- December 2016 Thane Bhiwandi Thane Ghodbunder Thane Bhiwandi 3% 1% Bharuch Surat 3% Pune Nashik Tumkur Bharuch Surat Tumkur 1% 8% Chitradurga Chitradurga Thane Ghodbunder 7% Pune Solapur 10% 1% 8% 1% Pune Nashik 1% Pune Solapur Omalur
Slide 35: Corporate Recognition
Corporate Recognition For two consecutive year , IRB has been Mr. Virendra D. Mhaiskar, Chairman & awarded CNBC TV 18 Essar Steel Managing Director of IRB, was chosen as Infrastructure Excellence Award in the the “Young Turk of the Year” at the 6th Highways & Flyovers category. Edition of CNBCTV18 I
Slide 36: Corporate Recognition
Corporate Recognition IRB has been awarded CNBC TV 18 Essar Steel Infrastructure Excellence Award in the Highways & Flyovers category for Mumbai - Pune section of National Highways (NH-4). This award was in recognition of the high quality work implemented on the development and maintenance of the Mu
Slide 37: Our CSR Initiative
Our CSR Initiative In a traditional and backward rural area of We also generously Rajasthan, where educating a girl child is frowned contributed to the Chief Minister’s upon, IRB’s school has the distinction of having drought relief fund more girl students (141) than boys (130) students. in Maharash
Slide 38: Infrastructure Developers Ltd
INFRASTRUCTURE DEVELOPERS LTD