Il&fs Transportation Networks Limited · NSE:IL&FSTRANS
Il&fs Transportation Networks — Q3 FY2016 Earnings Presentation
36 slides from Il&fs Transportation Networks's earnings presentation, Feb 11, 2016
Slide 1: IL&FS Transportation Networks Limited Analyst Presentation
IL&FS Transportation Networks Limited Analyst Presentation – February 2016 February 11, 2016 CIN - L45203MH2000PLC129790
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… — Company Overview — IL&FS – Strong Parentage — Key Competitive Strengths — Board of Directors — Segment Overview — Road Projects — Portfolio – Road Projects — Glossary — Portfolio – Metro Rail & Border Check Post — Road Sector Opportunity — Project Pipeline — Financial Perform
Slide 4: Company Overview
Company Overview § IL&FS Transportation Networks Limited (ITNL) is a leading surface transportation infrastructure company and the largest private sector BoT road Jammu & Kashmir operator (in terms of lane kilometer) in India* PAN India presence with § ITNL has a pan India presence with projects in
Slide 5: Key Competitive Strengths
Key Competitive Strengths Market Leadership in the surface transportation infrastructure sector backed by expansion into new sub sectors • With around 14,680 lane kms spread over 31 projects in our road assets portfolio • Operational portfolio of 9,699 lane kms of highways from 21 projects • Forays
Slide 6: Segment Overview
Segment Overview Annuity Projects Toll Projects Urban Transport Projects Others NKEL (93.5%1) GRICL (41.8%) VNIL (90%) IRL (73.56%) APEL (100%1) WGEL (74%) RMGL (41%) IOPL , Singapore (100%) TRDCL (50%) ITNL International Pte Ltd , NTBCL (25.35%) RMGSL (86%) Singapore (100%) HREL (99.99%) IRIDCL (10
Slide 7: Portfolio: Road Projects
Portfolio: Road Projects • Diverse BOT portfolio of 31 road projects covering 14,680 lane km spread across several states in India Kiratpur Ner • Diverse mix of “Annuity / assured payments” and “Toll” based projects in various stages of development Chowk FGEL@@ GRBDC@ Barwa Adda (ROB) ACEL@@ Commiss
Slide 8: Portfolio: Metro Rail & Border Check Post
Portfolio: Metro Rail & Border Check Post Gurgaon MetroRail Link: n Awarded by Haryana Urban Development Authority (HUDA) through Concession Agreement dated December 09, 2009 n Metro link from Delhi metro Sikanderpur station to NH-8 in Gurgaon – around 4.9 km n Concession period of 99 years n Starte
Slide 9: Road Sector Opportunity
Road Sector Opportunity ~17,155 km of awards pending under NHDP – to be substantially executed under PPP Program To be awarded (in Km) • India’s road network increased to 4.2 million km from 3.3 million km NHDP-III 2,494 • The 13th Finance Commission has decided to provide a central grant of INR 199
Slide 10: Project Pipeline
Project Pipeline As on Feb 10, 2016 BID PIPELINE RFP Stage (Post Qualification) RFQ Stage (Pre Qualification) Projects Length (km) Cost (INR Cr) Projects Length (km) Cost (INR Cr) NHAI 21 1,170 20,357 6 563 6,412 States 5 436 1,463 4 313 4,358 MORTH - - - - - - Total 26 1,606 21,820 10 876 10,770 8
Slide 11: Financial Parameters (Consolidated)
Financial Parameters (Consolidated) Revenue EBITDA(1) (INR Cr) (INR Cr) 8,000 6,786 6,803 6,824 8,000 6,000 6,000 4,000 2,340 4,000 1,982 2,111 2,466 941 2,000 2,000 - - FY13 FY14 FY15 Q3FY16 FY13 FY14 FY15 Q3FY16 Profit After Tax(2) Average Capital Employed(3) (INR Cr) RoE (%) (INR Cr) RoCE (%) 600
Slide 12: Financial Parameters (Standalone)
Financial Parameters (Standalone) Revenue EBITDA(1) (INR Cr) (INR Cr) 3,672 3,882 3,566 4,000 4,000 3,000 3,000 2,000 1,118 2,000 1,132 843 854 1,000 1,000 318 - - FY13 FY14 FY15 Q3FY16 FY13 FY14 FY15 Q3FY16 Profit After Tax(2) Average Capital Employed(3) RoE (%) (INR Cr) (INR Cr) RoCE (%) 500 14% 1
Slide 13: Profit & Loss Accounts Highlights
Profit & Loss Accounts Highlights (All figures in INR Crore) Consolidated Standalone Key Parameters 9MFY16 9MFY15 % Change 9MFY16 9MFY15 % Change Revenue 5,716 5017 14% 3,248 2,719 19% Other Income 321 238 35% 364 246 48% EBITDA 2311 1945 19% 993 940 6% EBITDA Margin 38% 37% 27% 32% Interest* 1813 1
Slide 14: Standalone Revenue & Expenses
Standalone Revenue & Expenses Revenue Expenses (in INR Crore) (in INR Crore) 3,589 2,674 4,000.00 4000 3,663 1,346 1,680 3,000.00 395 3000 2,064 1,791 327 2,000.00 2000 2,530 2,203 2,086 191,124 1000 1,756 391 1,000.00 522 941 855 0 - 9M Dec14 9M Dec15 QE Dec 15 9M Dec14 9M Dec15 QE Dec 15 Constr In
Slide 15: Consolidated Revenue & Expenses
Consolidated Revenue & Expenses Revenue Expenses (in INR Crore) (in INR Crore) 1,973 3,274 8,000 8,000.00 6,000 6,000.00 4,222 943 1,121 5,272 4,000 770 1,441 4,591 801 4,000.00 411 7,771 2,000 2,946 3,284 322 2,000.00 2,158 2,456 1,132 932 - - 9M Dec14 9M Dec15 QE Dec 15 9M Dec14 9M Dec15 3,551 QE
Slide 16: Debt Equity Analysis
Debt Equity Analysis Standalone Consolidated (in INR Crore) (in INR Crore) 30,000 5.00 30,000 5.00 26,213 26,863 4.50 24,832 4.50 25,000 25,000 23,513 4.00 4.48 4.29 4.02 4.00 4.11 20,000 3.50 20,000 3.50 3.00 15,000 2.24 15,000 3.00 2.32 2.02 2.50 2.08 2.50 10,000 8,052 8,430 8,873 2.00 10,000 7,43
Slide 17: ITNL's Order Book: Composition & Spread
ITNL’s Order Book: Composition & Spread Order book – Project Type Order book – Geographic Spread Jammu & Kashmir 7% 26.26% Road- Annuity 31% Himachal Haryana,\ Pradesh 4.83% 8.46% Road- Toll Meghalaya Uttar Pradesh 0.33% 0.08% 62% Rajasthan 7.8% Non Road Gujarat 1.80% Order book – Sourcing Madhya Pr
Slide 18: Revenue Collection on Operational Road Projects
Revenue Collection on Operational Road Projects Not adjusted for ITNL’s stake (All figures in INR Cr) Average Daily Toll Collection Toll Projects under Operation In Q4 FY 15 In Q1 FY 16 In Q2 FY 16 In Q3 FY 16 Ahmedabad Mehsana Road (Gujarat) 0.23 0.23 0.23 0.23 Vadodra Halol Road (Gujarat) 0.11 0.1
Slide 19: BOT Toll Revenue Growth
BOT Toll Revenue Growth INR in Crore Toll Revenue Sr.No Name of the Project 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 start date Ahmedabad Mehsana Road 1 Feb-03 (Gujarat) 66 75 85 104 107 108 120 2 Vadodra Halol Road (Gujarat) Oct-00 3 Noida Toll Bridge (UP) Feb-01 66 71 70 77 89 99 10
Slide 20: IL&FS - Strong Parentage
IL&FS - Strong Parentage IL&FS Overview § Incorporated in 1987 as a JV between the Central Bank of India (CBI), Our Parent Shareholding IL&FS Shareholding Housing Development Finance Corporation Limited (HDFC) and Unit Trust of India (UTI) to commercialize infrastructure projects and work with publi
Slide 21: Experienced Board of Directors
Experienced Board of Directors Independent Directors Non-Independent Directors Name Designation / Background Name Designation Mr Deepak Mr Ravi Chairman, IL&FS Chairman; Former Chairman, NHAI Parthasarthy Dasgupta Mr Hari Sankaran Vice Chairman and MD, IL&FS Mr RC Sinha Former Vice Chairman & MD, Ma
Slide 22: Key Managerial Personnel
Key Managerial Personnel K. Ramchand • He has over 32 years of experience in urban and transport infrastructure development sector Managing Director Mukund Sapre • He has over 28 years of experience in the industry Executive Director Harish Mathur Technical Director • Has over 33 years of experience
Slide 23: Road Projects
Road Projects
Slide 24: Projects Under Operation
Projects Under Operation North Karnataka West Gujarat Expressway Vadodara Halol Toll Road Ahmedabad - Mehsana Name of Project Noida Toll Bridge (NTBCL) Expressway Limited (NKEL) Limited (WGEL) (GRICL) Road (GRICL) Authority NHAI NHAI NOIDA Govt. of Gujarat Govt. of Gujarat State Karnataka Gujarat De
Slide 25: Projects Under Operation
Projects Under Operation Andhra Pradesh Expressway Thiruvananthapuram City Roads Narketpally - Addanki (NAMEL) Mega Highways Project Rajasthan Name of Project (APEL) (Phase I & II) (TRDCL) (RIDCOR) Phase I & II Authority NHAI KRFB Govt. of Andhra Pradesh Govt. of Rajasthan State Andhra Pradesh Keral
Slide 26: Projects Under Operation
Projects Under Operation Pune Sholapur Road East Hyderabad Jharkhand Accelerated Road Development Hazaribagh Ranchi Name of Project Development Company Expressway Ltd (EHEL) Programme (JRPICL) Expressway Limited (HREL) Limited (PSRDCL) Authority HUDA GOJ NHAI NHAI State Andhra Pradesh Jharkhand Jhar
Slide 27: Projects Under Operation
Projects Under Operation Beawar Gomti Road Moradabad to Bareilly Chandrapur Warora Jorabat Shillong Name of Project Sikar Bikaner (IRIDCL) (MBEL) (WCBTRL) (JSEL) Authority Department of Road NHAI PWD, Maharashtra PWD, Rajasthan NHAI Transportation and Highways, GOI State Rajasthan Uttar Pradesh Maha
Slide 28: Status – Project under Construction
Status – Project under Construction Indicates Physical Progress 25
Slide 29: Project Under Construction
Project Under Construction Thiruvananthapuram City Roads (Phase II Name of Project Beawer Gomti (Additional) Chennani - Nashri (CNTL) & III) (TRDCL) Authority KRFB MoRTH NHAI State Kerala Rajasthan Jammu & Kashmir BOT Type Annuity Toll Annuity Project (Lane Km) 39 217 38 Project Cost (Rs Cr) Include
Slide 30: Project Under Construction
Project Under Construction Name of Project Baleshwar Kharagpur Road (BKEL) Kiratpur Ner Chowk (KNEL) Barwa Adda Panagarh Authority NHAI NHAI NHAI State West Bengal & Himachal Pradesh Jharkhand & Orissa West Bengal BOT Type Toll Toll Toll Project (Lane Km) 477 327 727 Project Cost (Rs Cr) 660 2291 24
Slide 31: Project Under Construction
Project Under Construction Mega Highways Project, Rajasthan Name of Project Khed Sinnar Srinagar Sonmarg Tunnelway Limited (RIDCOR) III Authority NHAI Govt. of Rajasthan BRO State Maharashtra Rajasthan Jammu & Kashmir BOT Type Toll Toll Annuity Project (Lane Km) 557 366 34 Project Cost (Rs Cr) 2015
Slide 32: Project Development
Project Development .GRICL Rail Bridge Development Fagne – Gujarat / Maharashtra Name of Project Amravati – Chikhli RRR Section 2 Company Ltd. (GRBDCL) Border Authority Government of Gujarat NHAI NHAI GoJ State Gujarat Maharashtra Maharashtra Jharkhand BOT Type Annuity Toll Toll Annuity Project (Lan
Slide 33: Glossary
Glossary Acronym Full Form IL&FS Infrastructure Leasing and Financial Services ITNL IL&FS Transportation Networks Limited SPV Special Purpose Vehicle BOT Build Operate Transfer HUDA Haryana Urban Development Authority COD Commercial Operation Date NHDP National Highway Development Plan SARDP Special
Slide 34: Glossary
Glossary Acronym Full Form JARDP/JRPICL Jharkhand Accelerated Road Development Programme / Jharkhand Road Projects Implementation Company Limited RPR II (Part of JRPICL I) Patratu Dam – Ramgarh Road CKC (Part of JRPICL II) Chaibasa Kandra Chowka Road CNTL Chenani Nashri Tunnelway Limited WCBTRL Waro
Slide 35: Glossary
Glossary Acronym Full Form NKEL North Karnataka Expressway Limited APEL Andhra Pradesh Expressway Limited HREL Hazirabagh Ranchi Expressway Limited EHEL East Hyderabad Expressway Limited GRICL Gujarat Road and Infrastructure Company Limited WGEL West Gujarat Expressway Limited NTBCL Noida Toll Bridg
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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