Antony Waste Handling Cell Ltd. · NSE:AWHCL
Antony Waste Handling Cell — Q3 FY24 Earnings Presentation
40 slides from Antony Waste Handling Cell's earnings presentation, Feb 14, 2024
Slide 1: Cover letter to National Stock Exchange
CIN: L90001MH2001PLC130485West) - 400601Phone: 022 – 4213 0300 | Email: info@antonyasia.com | Website: www.antony-waste.com Ref.: AW/SEC/NSE/2023-24/88 Date: February 14, 2024 To, Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No.C-1, Block G, Bandra-Kurl
Slide 2: Q3 FY24 Investor Presentation
Antony Waste Handling Cell Limited Q3 FY24 Investor Presentation
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Antony Waste Handling Cell Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 4: Consolidated Financial Highlights – 9MFY24
Consolidated Financial Highlights – 9MFY24 MMT of Waste Processed 3.52 ₹ 679Cr. Total Revenue Lakhs of Refused Derived Fuel 1.03 ₹ 158Cr. EBITDA Sold Tons of Compost 8,273 ₹ 70Cr. Profit After Tax Sold Sustainability with growth …….. 3
Slide 5: Committed to Sustainability with Growth
Committed to Sustainability with Growth…….. Market Operational Strong Financial Leader Excellence Performance 2,260 Revenue FY23 Leading Operates Largest Player in SWM Industry Single location waste processing Vehicle fleet(1) ₹ 877 cr. plant in Asia 9 States Net Profit FY23 (Projects executed till
Slide 6: Industry Dynamics
Industry Dynamics India’s Waste Management Industry has enormous growth potential On average India practices higher open dumping vs global average Waste Management Industry (FY22) Compost Recycled Global Indian 10% 5% Compost ₹ ₹ W2E 13% 18% 35,500 45 bn bn Size of Domestic Waste Landfill Size of Gl
Slide 7: Presence Across Value Chain
Presence Across Value Chain Municipal Solid Waste Generation Collection & Transportation Transfer Station (Secondary Storage & Segregation) Types of Organic Recyclables Inert waste Processing Bio- Reuse/ Composting Gasification Incineration Pyrolysis Landfilling Bio-mining Technologies methanation R
Slide 8: Journey of Antony so far
Journey of Antony so far…. Awarded a new C&T project for NMMC Awarded a new C&T project by Jhansi Smart City Limited Awarded MSW Wins Kanjurmarg landfill project Awarded mechanized sweeping project for GNIDA Awarded a new Bio-mining contract by GNIDA C&T project in Partnership with Bra
Slide 9: Our Core Competencies
Our Core Competencies Access to technology Experienced management team with backed vehicles and strong domain expertise equipment enables us to manage our operations efficiently A leading service provider in Diversified business Municipal Solid Waste model management sector with end- to-end capabili
Slide 10: End-to-end waste management capabilities
End-to-end waste management capabilities… Involves door to door collection of MSW from households, commercial establishments etc. 1 Door to door collection Strong C&T capabilities with a large fleet of vehicles. Transportation 2 Waste is transported to the processing facility, transfer station or a
Slide 11: …with diversified revenue streams
…with diversified revenue streams… MSW C&T MSW Processing Contract & Others 54% 20% 26% Revenue Revenue Revenue Contribution Contribution Contribution • Door to door collection through primary collection • Involve sorting & segregating waste received from • Integrated mechanical & manual sweeping of
Slide 12: …and a De-Risked business model
…and a De-Risked business model. Factors de-risking the business model Revenue from operations Staggered revenue Partly hedged for (Rs. In Cr) % Revenue stream major costs C&T of MSW Contribution Projects diversified Tipping Fees with built- MSW Processing across timelines in escalations Contract &
Slide 13: Experience in Project Execution Across the Country
Experience in Project Execution Across the Country Type of Services Particulars Mechanized Construction & MSW C&T MSW Processing Sweeping Demolition Thane Municipal Corporation ✓ Navi Mumbai Municipal Corporation ✓ ✓ Mangaluru Municipal Corporation – North and South Zone ✓ Greater Noida Industrial D
Slide 14: All India Ranking as per Swachh Bharat Survey – 2023
All India Ranking as per Swachh Bharat Survey – 2023 Ranking 3rd 14th 7th 13th 1st Navi Mumbai NOIDA New Delhi Pimpri Chinchwad Varanasi Category >1 Lakh >1 Lakh >1 Lakh >1 Lakh Cleanest Ganga Population Population Population Population Towns Leading Player in Indian Municipal Solid Waste Management
Slide 15: One of the largest single location plant in Asia
One of the largest single location plant* in Asia 2010-2036 ~5,800 Tonnes ~90% Project Tenure Currently handling waste per day Of waste generated in Mumbai is handled at Kanjurmarg site ~13 Years 14.07 mmt Project scope Balance Tenure Since project inception till Dec 2023 • Design, Construction, ope
Slide 16: Integrated Waste-to-Energy Project
Integrated Waste-to-Energy Project Inaugurated on August 1, 2023 by Shri Narendra Modi, Hon’ble Prime Minister of India Project is estimated to save ~7 Integrated Project lakhs tons of CO2 annually, Pre-processing, Composting, Power generation and Landfill Management equivalent to ~1.5 lakhs passeng
Slide 17: Access to Technology Backed Vehicles & Equipment
Access to Technology Backed Vehicles & Equipment Collection and Transportation Technological Intervention Small Tipper – Drain Stilt 1,479 Compactor - Dumper Placer - Power Sweeping Big Tipper - Machine & Others Hook Loader - Electric Vehicle – 432 46 Machine - 15 76 47 - 73 92 2,212 out of 2,260 ve
Slide 18: Promoters & Board of Directors
Promoters & Board of Directors Promoter Directors Jose Jacob Kallarakal Shiju Jacob Kallarakal Shiju Antony Kallarakal ▪ >20 years experience in waste ▪ > 20 years of experience in waste ▪ > 20 years of experience in automobile management management sector and more than 6 years in waste ▪ Majorly re
Slide 19: Our Strategy
Our Strategy Capitalize on growth opportunities in MSW management sector Continue with rational selection of projects and strategically expand our geographical footprint Moving up MSW value chain by diversifying into emerging waste management areas Focus on enhancing operational efficiency Cluster b
Slide 20: Emerging areas of growth
Emerging areas of growth Biomethanation Waste Population Approx. Capex Qty Treatment option Products (‘000) (Rs. lakhs/TPD) o Anaerobic fermentation of bio-degradable waste in an enclosed space - (TPD) generates methane rich bio-gas fuel and sludge, used for making compost o Like composting, biometh
Slide 21: ESG
ESG Sustainability with growth …….. 20 20
Slide 22: We are a ESG centric Business
We are a ESG centric Business Social Environmental ▪ Target to achieve LTIFR rate of <0.30 by FY 24. Conduct employee trainings Governance regularly on construction dangers, ▪ Board of 6 members, headed by waste management, machine/ fire ▪ One site using byproducts to Chairman & MD, has 3 Independen
Slide 23: ESG Performance
ESG Performance Particulars Q1FY24 Q2FY24 Q3FY24 Scope 1 Emission (tCO2e) 5,830 6,374 6,348 Scope 2 Emission (tCO2e) 891 625 1,405 Emissions Avoided (tCO2e) 1,379 1,260 2,559 Swachhta Warrior 9,156 9,814 9,781 Gender Diversity (%) - Staff 4.15 2.72 3.53 - Swachhta Warrior 4.13 4.38 2.45 Attrition Ra
Slide 24: Financial Highlights
anTony/waste Financial Highlights
Slide 25: Quarterly Highlights
Quarterly Highlights Total Revenue (Rs. in Cr) EBITDA (Rs. in Cr) PAT (Rs. in Cr) 56 52 32 49 50 29 240 230 46 46 28 222 227 223 42 43 26 205 210 39 24 193 23 34 158 166 19 16 16 12 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY22 FY22 FY22 FY23 FY23 FY2
Slide 26: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (in Rs. Crs) Q3FY24 Q3FY23 Y-o-Y Q2FY24 Q-o-Q 9MFY24 9MFY23 Y-o-Y Revenue from MSW C&T 139.7 113.9 23% 152.4 -8% 417.3 344.5 Revenue from MSW Processing 53.4 43.8 22% 47.0 14% 153.1 129.7 Total operating Revenue 193.1 157.7 22% 199.4 -3% 570.4 474
Slide 27: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Assets (Rs. in Cr) 30-Sept-23 31-Mar-23 Equity & Liabilities (Rs. in Cr) 30-Sept-23 31-Mar-23 Non - Current Assets 1,015.2 893.0 Total Equity 671.9 616.8 Property Plant & Equipment 217.7 190.3 Share Capital 14.1 14.1 CWIP 50.0 31.3 Reserves & Surplus 518.5 471.6
Slide 28: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. in Cr) Sept-23 Sept-22 Net Profit Before Tax 73.0 65.8 Adjustments for: Non -Cash Items / Other Investment or Financial Items 19.6 26.4 Operating profit before working capital changes 92.6 92.2 Changes in working capital 10.1 -47.1 Cash generated fro
Slide 29: Credit Rating
Credit Rating Detailed Rationale AWHCL Rating Current Rating Previous Rating • Ratings of Antony Lara Enviro Solutions Private Limited (ALESPL), material subsidiary of the Company continue to reflect: Long term Bank facilities CARE BBB+; Stable CARE BBB; Stable • Extensive industry experience of the
Slide 30: Consolidated Financial Highlights
Consolidated Financial Highlights PBT before exceptional item Revenue (Rs. in Cr) EBITDA (Rs. in Cr) & EBITDA Margin (%) (Rs. in Cr) & PBT Margin (%) 877 29.7% 30.0% 18.3% 27.1% 16.9% 25.0% 15.5% 11.7% 19.2% 14.7% 113 232 167 667 140 85 130 168 71 102 99 89 46 175 481 465 151 52 62 FY19 FY20 FY21 FY
Slide 31: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (in Rs. Cr) FY23 FY22 FY21 FY20 FY19 Revenue from MSW C&T 469.8 417.2 297.3 269.0 166.5 Revenue from MSW Processing 174.5 150.8 131.9 133.2 76.5 Total operating Revenue 644.4 568.0 429.2 402.2 243.0 Contract & Others 232.2 98.7 51.5 62.4 55.5 Tota
Slide 32: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Assets (Rs. Cr) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Equity & Liabilities (Rs. Cr) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Non - Current Assets 893.0 618.5 481.2 475.8 426.4 Total Equity 616.8 532.7 442.6 299.9 235.4 Property Plant & Equipment 190.3 114.4 123.9 137.9 57
Slide 33: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. in Cr) Mar-23 Mar-22 Mar-21 Mar-20 Mar-19 Net Profit Before Tax 102.3 112.7 70.6 82.0 47.7 Adjustments for: Non -Cash Items / Other Investment or Financial Items 64.2 51.6 48.6 54.2 34.7 Operating profit before working capital changes 166.5 164.3 119
Slide 34: Annexures
y ANTONY Annexures
Slide 35: Quality Cum Cost Based Bidding Process
Quality Cum Cost Based Bidding Process ▪ Project area analysis ▪ Compliance with various covenants for project ▪ Feasibility study - Project report closure ▪ Key Execution & Admin. risks ▪ For projects on operation and maintenance basis, ▪ Route map study entire vehicle fleet is required to be retur
Slide 36: Current Group structure
Current Group structure JV Partner Lara Central De Tratamento De Residuos LTDA, Brazil 27% 73% 100% 100% 100% 100% Antony 51% 49% 25% Recycling 73% Collection and Providing Waste Integrated waste Collection and Mechanical power Management Management transportation of transportation of sweeping of ro
Slide 37: Proposed Group structure
Proposed Group structure JV Partner Lara Central De Tratamento De Residuos LTDA, Brazil 27% 73% 100% 100% Kerzellion Facility Management Services PROPOSED Antony Pvt. Ltd. MERGER 98% Recycling 51% 49% 2% Collection and transportation of waste Providing Waste Integrated waste Management Management fa
Slide 38: Our Operations & Facilities
Our Operations & Facilities Material Recovery Facility Bio-reactor Landfill Gas Collection Composting Sustainability with growth …….. 37
Slide 39: Abbreviations
Abbreviations ▪ ALESPL: Antony Lara Enviro Solutions Private Limited ▪ SLF: Sanitary Landfill ▪ AWHCL: Antony Waste Handling Cell Limited ▪ SWM: Solid Waste Management ▪ BN : Billion ▪ TMC: The Thane Municipal Corporation ▪ BLF: Bio-Reactor Landfill ▪ TPD: Ton / Day ▪ C&T: Collection and Transportat
Slide 40: Thank You
Thank You Company : Investor Relations Advisor : CIN: L90001MH2001PLC130485 CIN: U74140MH2010PTC204285 Mr. Subramanian NG Mr. Jigar Kavaiya / Mr. Pratik Shah E: Investor.relations@antonywaste.in E: jigar.kavaiya@sgapl.net / p.s.shah@sgapl.net T: +91 9920602034 / +91 9870030585 www.antony-waste.com w
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