Gmr Power And Urban Infra Ltd · NSE:GMRP&UI
Gmr Power And Urban Infra — GMR Infrastructure — Q4 FY2015 Earnings Presentation
29 slides from Gmr Power And Urban Infra's earnings presentation, Mar 31, 2015
Slide 1: GMR Infrastructure Ltd Financial Presentation Q4 FY15
GMR INFRASTRUCTURE LTD Financial Presentation for the quarter ended Mar 31, 2015 0
Slide 2: Table of Contents
Table of Contents Particulars Pg. No. Consolidated Financial Performance … 2 Airports Sector … 7 Energy Sector … 18 Highways Sector … 22 Disclaimer: Totals in some columns / rows may not agree due to rounding off. 1
Slide 3: Consolidated Financial Performance
Consolidated Financial Performance 2
Slide 4: Q4 / FY15 Performance Highlights
Q4 / FY15 Performance Highlights Gross Revenue stood at Rs 111 bn in FY15, an increase of 4% over FY14 led by improved performance of the Energy sector EBITDA for FY15 stood at Rs 25.5 bn and was flat compared to FY14 on account of: o Non-recurring expenditure of ~Rs 1.3 bn in the Highways secto
Slide 5: Key Indicators: Net Revenue and EBITDA
Key Indicators Rs mn Others Inter Segment 88,895 Net Revenue 86,381 EPC 7,071 (5,538) Sectorwise Breakup 1,651 Highways Sector 7,670 Net Revenue Airport Sector 34,840 24,359 23,178 21,790 Energy Sector 43,201 Q4-2014 Q3-2015 Q4-2015 FY14 FY15 FY2015 Inter Segment EBITDA 25,945 25,546 (2,946) Sectorw
Slide 6: Consolidated Profitability Statement
Consolidated Profitability Statement Rs mn Q4-2015 Q3-2015 Q4-2014 FY15 FY14 Airports 14,371 14,213 15,480 54,686 60,229 Power 11,737 10,618 9,846 44,545 33,426 Roads 1,931 1,860 2,496 7,670 7,379 EPC 465 302 1,398 1,649 4,687 Others 1,873 1,940 1,502 7,071 5,710 Less: Inter Segment (1,248) (1,320)
Slide 7: Key Balance Sheet Analysis
Key Balance Sheet Analysis Rs mn Gross Block as on Mar 31, 2015 Total: Net Block as on Mar 31, 2015 Total: Others 556,915 Others 478,221 23,630 21,197 Roads Roads 4% 5% 63,916 54,360 11% Airport 11% Airport 158,787 123,326 29% 26% Power Power 279,339 310,582 58% 56% Rs mn Rs mn Mar 31, 2014 Mar 31,
Slide 8: Airports Sector
GAR Airports Sector Humility | Entrepret ips | Deliverfhe Promise | Learning | Social Re:
Slide 9: Airports Highlights
Highlights Surpassed 40 mn passengers during FY15; Total passenger traffic in FY15 grew by 11% to 41.0 mn Became no. 1 airport in terms of Cargo movements in India; Cargo tonnage increased 15% to 0.7 MT in FY 15 DIAL Issued ~USD 289 mn 7-year Senior Secured bond to reduce interest cost and imp
Slide 10: Airports Sector Consolidated: Financial Performance
Airports Sector Consolidated : Financial Performance Rs mn Q4-2015 Q3-2015 Q4-2014 FY15 FY14 Aero Revenue 8,042 7,900 8,890 30,378 34,662 Non Aero Revenue 5,312 5,237 5,183 19,967 19,636 Cargo 761 806 731 3,267 2,874 CPD Rentals 266 277 258 1,084 1,024 Fuel income - - 418 - 2,034 Gross Revenue 14,38
Slide 11: Delhi International Airport: Financial Performance
Delhi International Airport : Financial Performance Rs mn Particulars Q4-2015 Q3-2015 Q4-2014 FY15 FY14 Aero Revenue 7,768 7,694 7,220 29,509 28,064 Non Aero Revenue 2,557 2,641 2,255 9,865 8,805 Cargo Revenue share 359 393 364 1,576 1,421 CPD Rentals 242 248 229 982 930 Gross Revenue 10,927 10,975
Slide 12: Delhi International Airport: Operational Performance (Quarter)
Delhi International Airport : Operational Performance (Quarter) Passenger (Mn) Domestic International ATM Total ('000) Domestic International Total 78.96 80.39 78.71 10.69 19.71 10.48 19.75 18.85 9.45 3.58 3.55 59.21 60.67 59.87 3.41 Q4-2014 Q3-2015 Q4-2015 ATMs remained flat Cargo ('000) Domestic I
Slide 13: Delhi International Airport: Operational Performance (Annual)
Delhi International Airport : Operational Performance (Annual) Passenger (Mn) Domestic International ATM Total ('000) Domestic International Total 313.96 323.46 40.99 78.97 78.06 36.88 13.53 234.99 245.40 12.68 FY14 FY15 ATMs grew 3% YoY Cargo ('000) Domestic International Total 696.54 605.70 27.45
Slide 14: Delhi International Airport: Revenue Analysis (Rs per pax)
Delhi International Airport : Revenue Analysis (Rs per pax) FY 2015 Total: 1,025 FY 2014 Total: 1,064 Other Revenue Other Revenue Non Aero 6% 6% Revenue Non Aero 26% Revenue 24% UDF UDF 46% 46% Other Aero Other Aero Revenue Revenue 24% 22% 13
Slide 15: Hyderabad International Airport: Financial Performance
Hyderabad International Airport : Financial Performance Rs mn Q4-2015 Q3-2015 Q4-2014 FY15 FY14 Aero Revenue 203 206 1,086 798 4,234 Non Aero Revenue 842 827 758 3,252 2,898 Cargo Revenue Share 32 29 30 121 120 Gross Revenue 1,078 1,062 1,874 4,171 7,253 Less: Revenue Share 44 45 75 177 302 Net Reve
Slide 16: Hyderabad International Airport: Operational Performance (Quarter)
Hyderabad International Airport : Operational Performance (Quarter) Passengers (Mn) ATM ('000) Domestic International Total Domestic International Total 23.97 23.25 2.76 22.61 2.71 4.74 4.88 4.17 0.69 0.73 2.15 19.22 18.44 18.38 0.60 Q4-2014 Q3-2015 Q4-2015 ATMs grew 3% YoY Cargo ('000) Domestic Int
Slide 17: Hyderabad International Airport: Operational Performance (Annual)
Hyderabad International Airport : Operational Performance (Annual) Passengers (Mn) ATM ('000) Domestic International Total Domestic International Total 10.51 94.56 88.13 18.37 16.81 8.73 2.73 71.32 76.19 2.37 FY14 FY15 ATMs grew 7% YoY Cargo ('000) Domestic International Total 102.74 7.78 90.23 6.36
Slide 18: Hyderabad International Airport: Revenue Analysis (Rs per pax)
Hyderabad International Airport : Revenue Analysis (Rs per pax) FY 2015 Total: FY 2014 Total: 397 Non Aero 831 Other Revenue Other Revenue Other Aero Revenue 3% 2% Revenue 40% 19% UDF 44% Non Aero Other Aero Revenue Revenue 78% 10% PSF 4% Note: UDF/PSF is NIL as per the AERA order wef 1st April 2014
Slide 19: Energy Sector
GAR Energy Sector Humility | Entrepret ips | Deliverfhe Promise | Learning | Social Re:
Slide 20: Energy Highlights
Highlights Revenue has grown by 33% in FY15 on account of improved performance of EMCO and Kamalanga plants, which were fully operational during the year Chhattisgarh plant (GCEL) - Completion of full load trial run of Unit I (685 MW) and clearance from grid for declaring the unit commercial F
Slide 21: Energy Sector Consolidated: Financial Performance
Energy Sector Consolidated : Financial Performance Rs mn Q4-2015 Q3-2015 Q4-2014 FY15 FY14 Power Generation 7,096 7,916 5,265 30,736 20,860 Coal Revenue 2,268 1,441 2,032 7,879 6,928 Power Trading and others 2,363 1,262 2,548 5,920 5,638 Gross Revenue 11,727 10,618 9,846 44,535 33,426 Net Revenue (n
Slide 22: Power Generation: Operational Performance
Power Generation : Operational Performance PLF (%) Q4-2014 Q3-2015 Q4-2015 FY14 FY15 75% 72% 66% 69% 61% 53% 52% 53% 49% 48% 36% 39% 35% 24% 21% 19% 21% 19% 19% 1% EMCO Kamalanga Solar GPCL Net Generation (mn units) Q4-2015 Q3-2015 Q4-2014 FY15 FY14 EMCO 728 888 757 3,291 1,981 Kamalanga 1,468 1,088
Slide 23: Highways Sector
GAR Highways Sector Humility | Entrepret ips | Deliverfhe Promise | Learning | Social Re:
Slide 24: Highways Highlights
Highlights Revenue of the three toll projects increased by 19% for FY 15 as compared to previous year. o Toll income increased by 7% in Hyderabad Vijayawada and by 13% in Ambala Chandigarh during FY15 o Hungund Hospet – Third toll plaza commenced in May 2014, leading to a revenue growth of 65% for
Slide 25: Highways Consolidated: Financial Performance
Highways Consolidated : Financial Performance Rs mn Q4-2015 Q3-2015 Q4-2014 FY15 FY14 Annuity Revenue 908 928 1,553 3,668 3,423 **Contract Receipts 38 12 - 252 - Toll Revenue 984 919 943 3,749 3,956 Gross Revenue 1,931 1,860 2,496 7,670 7,379 Less: Revenue Share 208 191 189 793 721 Net Revenue 1,723
Slide 26: Toll Projects: Operational Performance (Quarter)
Toll Projects : Operational Performance (Quarter) Total Revenue (Rs mn) Q4-2014 Q3-2015 Q4-2015 602 562 552 273 288 169 84 94 94 Hyderabad-Vijayawada Hungund-Hospet Ambala-Chandigarh Traffic pcu (mn) Q4-2015 Q3-2015 Q4-2014 YoY % QoQ % Hyderabad-Vijayawada 8.5 7.7 8.4 0.9 10.1 Hungund-Hospet 7.0 6.7
Slide 27: Toll Projects: Operational Performance (Annual)
Toll Projects : Operational Performance (Annual) Total Revenue (Rs mn) FY14 FY15 2,316 2,163 1,064 646 325 369 Hyderabad-Vijayawada Hungund-Hospet Ambala-Chandigarh Traffic pcu (mn) FY15 FY14 YoY % Hyderabad-Vijayawada 32.7 33.0 (0.9) Hungund-Hospet 25.9 14.9 73.8 Ambala-Chandigarh 12.6 12.1 4.3 26
Slide 28: Annexure: Details of Exceptional Income / (Expenses)
Annexure : Details of Exceptional Income / (Expenses) Rs mn Q4-2015 Q3-2015 Q4-2014 FY15 FY14 Profit on dilution in a subsidiary - - 147 - 697 Profit on sale of a assets held for sale - - 635 - 1,005 Loss on impairment of assets in a subsidiary (798) - (90) (798) (90) Profit on sale of stake in Join
Slide 29: Thank You
Thank You For further information, please visit Website: www.gmrgroup.in or Contact: investor.relations@gmrgroup.in 28