Indus Infra Trust · NSE:INDUSINVIT
Indus Infra Trust — Bharat Highways InvIT — Q2 FY25 Earnings Presentation
23 slides from Indus Infra Trust's earnings presentation, Nov 7, 2024
Slide 1: Investor Presentation on Half Yearly Financial Information (exchange filing letter)
GR HIGHWAYS INVESTMENT MANAGER PRIVATE LIMITED 7th November 2024 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, C‐1, Block G Dalal Street, Bandra‐Kurla Complex, Bandra(E) Mumbai – 400001 Mumbai ‐400051 Scrip Code: 544137 Symbol: BHINVIT Subject: Invest
Slide 2: Investor Presentation Q2 FY25
Investor Presentation Q2 FY25 1
Slide 3: Disclaimer
Disclaimer • This presentation is issued by GR Highways Investment Manager Private Limited (the “Investment Manager”) on behalf of Bharat Highways InvIT (“the InvIT”) for general information purposes only, without regard to specific objectives, suitability, financial situations and needs of any part
Slide 4: Disclaimer
Disclaimer • This presentation may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and if given or made, such information or
Slide 5: Index
Index Financial Highlights 5 Distribution 7 Debt profile & Unitholding Pattern 9 Overview of Bharat Highways InvIT 15 Board and its Committees 20 4
Slide 6: Financial Highlights
Financial Highlights 5
Slide 7: Financial Highlights – Q2 FY25
Financial Highlights – Q2 FY25 (Rs. In Million) P&L Standalone Consolidated QY ended QY ended QY ended QY ended 30.09.2024 30.06.2024 30.09.2024 30.06.2024 Total Income 5,876.57 2,756.70 1,712.51 1912.87 Total Expenses 5,489.11 241.94 648.58 753.40 EBITDA 647.91 2,703.03 1,347.28* 1,441.33 Profit be
Slide 8: Distribution
BHARAT HIGHWAYS INVIT
Slide 9: Net Distributable Cash Flow
Net Distributable Cash Flow DPU: Rs. 2.20/- per unit - Interest: Rs. 1.66/- per unit - Return of Capital: Rs. 0.19/- per unit - Dividend: Rs. 0.30/- per unit - Income from Other sources : Rs. 0.05/- per unit Rs. In Million 8 *cash flow from operations
Slide 10: Debt Profile and Unitholding Pattern
Debt Profile and Unitholding Pattern 9
Slide 11: Debt Profile
Debt Profile Credit Rating As on September 30, 2024 Rs. In Million AAA/Stable Particulars Standalone Consolidated External Debt 17,995.89 17,995.89 • No external debt is outstanding in SPVs as on ** September 30,2024 AAA/Stable AAA/Stable 10
Slide 12: Unitholding Pattern
Unitholding Pattern Category 30th September 2024 30th June 2024 Top Five Public Unitholding Unitholding Unitholders Unitholding % No. of Units No. of Units %age %age As on 30th June 2024 Corporate Body 22,28,66,915 50.32 22,12,17,263 49.94 G R Infraprojects Limited 43.56 Mutual Funds 9,09,98,046 20.
Slide 13: Asset Portfolio
12 BHARAT HIGHWAYS INVIT
Slide 14: Asset Portfolio
Asset Portfolio GR Phagwara Expressway Ltd. (5) State: Punjab Stretch: Phagwara Rupnagar Type/ Design length: 4 lane/ 80.82 kms Porbandar Dwarka Expressway Pvt. Ltd (1) Pavement Details – 11.26 kms Rigid & 69.56 kms Flexible State: Gujarat Stretch: Porbandar Dwarka Type/ Design length: 4 lane/ 117.7
Slide 15: Asset Portfolio
Asset Portfolio 49 annuities 8 ~568 Km ~10.41 - 13.41 Years received Operational Total Length Residual HAM Projects Concession period Annuities Total Design End of Residual Bid Project Receivable No. of Awarding Annuities Project Length Location State Appointed Date Concession PCOD Concession Cost (
Slide 16: Overview - Bharat Highways InvIT
Overview - Bharat Highways InvIT 15
Slide 17: Bharat Highways InvIT
Bharat Highways InvIT • Successfully Listed on 12th March 2024 at NSE & BSE Listing • First ever HAM focused Public Listed Infrastructure Investment Trust (InvIT) Investor • Institutional Investors subscription for the issue was 9.1x Response • Non-Institutional Investors subscription for the issue
Slide 18: InvIT Structure
InvIT Structure G R Highways Investment Manager G R Infraprojects Limited Aadharshila Infratech Private Limited Private Limited (The Transferor) (Sponsor & Project Manager) (Investment Manager) 15% 85% Public Unitholders IDBI Trusteeship (Investors) Services Limited (Trustee) Bharat Highways InvIT 1
Slide 19: Our Strategy
Our Strategy Institute and Maintain Capital Active Asset Management Expanding portfolio of Management Policies road assets Maximize distributions to Unitholders while Asset management through the services of Proposed ROFO Agreement - InvIT will have optimizing the capital structure to retain the Pro
Slide 20: Competitive Strengths
Competitive Strengths No construction risk ROFO with GRIL Initial portfolio with right of first offer to all operational acquire certain assets, having an assets of GRIL aggregate length of Steady nature of ~568 Km income Pre-determined annuity payments Long term Predictable concession with zero tra
Slide 21: Board of Directors & KMPs
lors & KMPs 20 BHARAT HIGHWAYS INVIT
Slide 22: Board of Directors & KMPs
Board of Directors & KMPs Board of Directors Ajendra Kumar Agarwal Raghav Chandra Deepak Maheshwari Chairman & Non-executive Director Independent Director Independent Director • Managing director on the board of directors • 35+ years of experience in areas including public • 40+ years of experience
Slide 23: Thank You
Thank You 22
Bharat Highways InvIT — Q2 FY25 Earnings Presentation on 6ix