Ashoka Buildcon Limited · NSE:ASHOKA
Ashoka Buildcon — Q1 FY20 Earnings Presentation
20 slides from Ashoka Buildcon's earnings presentation, Aug 14, 2019
Slide 1: Filing cover letter to BSE and NSE
ASHOM 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..1. Towers, Exchange Plaza, Bandra Kuria Complex, Dalai Street, Mumbai — 400 001 Bandra (East), Mumbai — 400 05
Slide 2: Result Update Presentation Q1FY20
Developing Infrastructure for Better Developing Infrastructure for Better Tomorrow Tomorrow RR ESULTUU ESULT PDATE PDATE PRESENTATION| |Q1FY20 PRESENTATION Q3FY19
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: Standalone Profitability Highlights (as per IND-AS)
Standalone Profitability Highlights (as per IND-AS) Rs mn Q1 FY20 Q1 FY19 Y-o-Y(%) Q4 FY19 Q-o-Q(%) Total Income from Operations 8,768 6,837 13,074 Other Income 342 366 380 REVENUE 9,110 7,203 26.5% 13,454 -32.3% Operating Expenses 7,673 6,025 11,259 EBITDA 1,437 1,178 21.9% 2,195 -34.5% EBITDA marg
Slide 5: Consolidated Profitability Highlights (as per IND-AS)
Consolidated Profitability Highlights (as per IND-AS) Rs mn Q1 FY20 Q1 FY19 Y-o-Y(%) Q4FY19 Q-o-Q(%) Total Income from Operations 11,681 9,619 15,968 Other Income 187 207 272 REVENUE 11,868 9,826 20.8% 16,240 -26.9% Operating Expenses 8,133 6,559 12,040 EBITDA 3,735 3,267 14.3% 4,201 -11.1% EBITDA m
Slide 6: Debt Profile as of June 2019
Debt Profile as of June 2019 Consolidated Debt (Rs. Mn) Project Debt Standalone Debt 7,199 5,810 49,591 50,529 Mar'19 Jun'19 Consolidated Debt beak-up (Rs. Mn) Standalone Debt beak-up (Rs. Mn) Standalone debt 5,810 - Equipment loan 2,372 - Working capital 1,938 Project debt 50,529 - NCDs 1,500 Total
Slide 7: EPC Business Highlights
ASHOKA EPC BUSINESS HIGHLIGHTS
Slide 8: EPC order backlog, 2.1x FY19 Revenue
EPC order backlog, 2.1x FY19 Revenue Order backlog of Rs 81.6 bn as on 30th June, 2019 Segment Rs. Mn Segment Rs. Mn Roads 62,357 Others 19,326 BOT 41,696 Power T&D 8,280 HAM: Khrar - Ludhiana, Punjab 4,398 Maharashtra 95 HAM: Anandpuram 4,989 Bihar 3,974 HAM: Vadodara Kim, Gujarat 7,297 Uttar Prade
Slide 9: Order Book Break-up (As on June 30, 2019)
Order Book- Break-up (As on June 30, 2019) Robust Order Book Order Book Break-up (%) 0.1% 95,373 13.4% 83,940 81,683* 10.1% 51.0% 25.3% Dec'18 Mar'19 Jun'19 Road BOT Road EPC Power T&D EPC Railways CGD * Excludes LoA received for HAM Tumkur – Shivamoga IV 8
Slide 10: EPC business financial performance
EPC business financial performance Figures in Rs Mn Revenue# EBITDA and EBITDA Margin 14% 17% 15% 15% 16% 39,363 6,309 25,461 20,245 20,852 3,912 3,383 3,146 9,110 1,437 FY16 FY17 FY18 FY19 Q1FY20 FY16 FY17 FY18 FY19 Q1FY20 PAT and PAT Margin Order Book 8% 5% 8% 9% 7% 83,940 81,683* 70,047 2,862 58,
Slide 11: Development Business
ASHOKA DEVELOPMENT BUSINESS
Slide 12: Gross toll collection
Gross toll collection (Rs. Mn) Q1 FY 20 Q1 FY 19 Y-o-Y (%) Q4 FY 19 Q-o-Q (%) ACL BOT Projects Belgaum Dharwad 236.8 229.9 3.0% 234.6 0.9% Dhankuni - Kharagpur 904.5 892.5 1.3% 883.8 2.3% Bhandara 174.3 167.1 4.3% 177.8 -2.0% Durg 198.3 195.1 1.7% 206.8 -4.1% Jaora - Nayagaon 459.8 516.4 -11.0% 489.
Slide 13: Toll collection: ACL projects
Toll collection: ACL projects Figures in Rs Mn Company Ashoka Belgaum Dharwad Tollway Ltd. Company Ashoka Dhankuni Karagpur Tollway Ltd. Rs. Million Rs. Million Project Belgaum Dharwad Project Project Dhankuni Karagpur Project Period 2017-18 2018-19 2019-20 % rise Period 2017-18 2018-19 2019-20 % ri
Slide 14: Toll collection: ACL projects
Toll collection: ACL projects Company Jaora - Nayagaon Toll Road Company Pvt Ltd. Rs. Million Project Jaora – Nayagaon Road Project Period 2017-18 2018-19 2019-20 % rise April-June 473.5 516.4 459.8 -11.0% July-Sept 502.6 516.4 - - Oct-Dec 529.9 497.4 - - Jan-Mar 523.1 489.7 - - 2,029.1 2,019.9 459.
Slide 15: Toll collection: ABL owned projects
Toll collection: ABL owned projects Figures in Rs Mn Company Ashoka Buildcon Ltd. Ashoka DSC Katni Bypass Road Ltd. Project Ahmednagar - Aurangabad Road Katni Road Project Period 2017-18 2018-19 2019-20 % rise 2017-18 2018-19 2019-20 % rise April-June 64.4 93.7 83.6 -10.7% 55.4 58.1 59.9 3.0% July-S
Slide 16: Standalone Profitability Highlights (as per IND-AS)
Standalone Profitability Highlights (as per IND-AS) Rs mn FY19 FY18 Y-o-Y(%) Total Income from Operations 38,206 24,483 Other Income 1,157 978 REVENUE 39,363 25,461 54.6% Operating Expenses 33,055 21,548 EBITDA 6,309 3,912 61.3% EBITDA margin 16.0% 15.4% Interest 907 485 Depreciation 763 532 Profit
Slide 17: Standalone Balance Sheet (as per IND-AS)
Standalone Balance Sheet (as per IND-AS) Rs mn Mar-19 Mar-18 Rs mn Mar-19 Mar-18 Shareholder’s Fund 22,120 19,263 Non-current assets 29,665 21,162 Share capital 1,404 936 Fixed assets 3,855 2,324 Reserves & Surplus 20,716 18,327 Other Non-current assets 25,810 18,838 Non-current liabilities 7,770 3,
Slide 18: Consolidated Profitability Highlights (as per IND-AS)
Consolidated Profitability Highlights (as per IND-AS) Rs mn FY19 FY18 REVENUE 50,072 36,546 IND-AS accounting treatment for CCDs in Operating Expenses 35,358 24,635 Ashoka Concession EBITDA 14,714 11,911 CCDs issued to SBI Macquarie treated as Financial EBITDA margin 29.4% 32.6% Liability & Record
Slide 19: Consolidated Balance Sheet (as per IND-AS)
Consolidated Balance Sheet (as per IND-AS) Rs mn Mar-19 Mar-18 Rs mn Mar-19 Mar-18 Shareholder’s Fund 2,869 3,159 Non-current assets 96,849 91,686 Share capital 1,404 936 Fixed assets 79,319 79,212 Reserves & Surplus 1,465 2,223 Other Non-current assets 17,531 12,474 Non-Controlling Interest 1,189 9
Slide 20: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : Ashoka Buildcon Ltd. Stellar IR Advisors Pvt. Ltd. Mr. Paresh Mehta Mr. Gaurang Vasani / Ms. Hina Agarwal paresh.mehta@ashokabuildcon.com vgaurang@stellar-ir.com / hina@stellar-ir.com CIN : L45200MH1993PLC071970 CIN : U