Ashoka Buildcon Limited · NSE:ASHOKA
Ashoka Buildcon — Q3 FY2019 Earnings Presentation
21 slides from Ashoka Buildcon's earnings presentation, Jan 31, 2019
Slide 1: Filing cover letter to BSE and NSE
AS H 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. J. Towers, Exchange Plaza, Bandra Kuria Complex, Dalai Street, Mumbai — 400 001 Bandra (East), Mumbai — 400 051
Slide 2: Result Update Presentation Q3FY19
Developing Infrastructure for Better Developing Infrastructure for Better Tomorrow Tomorrow RR ESULTUU ESULT PDATE PDATE PRESENTATION| |Q3FY19 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: Key Development
Key Development Revenue (Rs Mn) Received Rs. 1,680.1Mn as Arbitration Award for Bhandara Road Project Received Arbitration Award of Rs 1,680.1 Mn. (inclusive of interest till date and declaratory award) against various claims filed by Ashoka Highways (Bhandara) Limited, ("SPV") before 10,905 NHAI.
Slide 5: Key Development
Key Development Rs. 1,500 Mn Private Equity investment commitment by Morgan Stanley India Infrastructure (MSII) in City Gas Distribution Business MSII to make an investment in ABL Wholly owned subsidiary “Unison Enviro Private Limited (UEPL)” UEPL builds and operate CGD network across cities and
Slide 6: Debt Profile as of December 2018
Debt Profile as of December 2018 Consolidated Debt (Rs. Mn) 50,905 54,792 Sep 2018' Dec 2018' Consolidated Debt beak-up (Rs. Mn) Standalone Debt beak-up (Rs. Mn) Standalone debt 5,928 - Equipment loan 2,370 - Working capital 2,058 Project debt 48,864 - NCDs 1,500 Total 54,792 Total 5,928 5
Slide 7: Standalone Profitability Highlights (as per IND-AS)
Standalone Profitability Highlights (as per IND-AS) Rs mn Q3 FY19 Q3FY18 Y-o-Y(%) Q2FY19 Q-o-Q(%) 9MFY19 9MFY18 Y-o-Y(%) Total Income from Operations 10,651.2 6,589.2 7,644.2 25,132.7 17,459.4 Other Income 254.2 165.8 157.4 777.1 365.7 REVENUE 10,905.3 6,754.9 61.4% 7,801.6 39.8% 25,909.8 17,825.1 4
Slide 8: EPC Business Highlights
ASHOKA EPC BUSINESS HIGHLIGHTS
Slide 9: EPC order backlog, 3.7x FY18 Revenue
EPC order backlog, 3.7x FY18 Revenue Order backlog of Rs 95 bn as on 31st December, 2018 Roads Rs. Mn Power T&D Rs. Mn BOT 48,934 21,019 Hybrid Annuity : Khrar - Ludhiana, Punjab 6,432 Maharashtra 470 Hybrid Annuity : Anandpuram 6,396 Hybrid Annuity : Vadodara Kim, Gujarat 10,160 Bihar 6,499 Hybrid
Slide 10: EPC business financial performance
EPC business financial performance Figures in Rs Mn Revenue# EBITDA and EBITDA Margin 14% 17% 15% 15% 16% 25,461 25,910 19,667 20,852 3,912 4,114 19,037 3,383 3,146 2,638 FY15 FY16 FY17 FY18 9MFY19 FY15 FY16 FY17 FY18 9MFY19 PAT and PAT Margin Order Book 8% 5% 8% 9% 7% 2,370 95,373 1,761 1,882 70,04
Slide 11: Development Business
ASHOKA DEVELOPMENT BUSINESS
Slide 12: Gross toll collection
Gross toll collection (Rs. Mn) Q3 FY 19 Q3 FY 18 Y-o-Y (%) Q2 FY 19 Q-o-Q (%) ACL BOT Projects Belgaum Dharwad 233.1 230.8 1.0% 218.0 6.9% Dhankuni - Kharagpur 866.8 783.1 10.7% 887.9 -2.4% Bhandara 168.3 168.3 0.0% 160.4 4.9% Durg 199.3 202.3 -1.5% 192.5 3.5% Jaora - Nayagaon 497.4 529.9 -6.1% 516.
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 2016-17 2017-18 2018-19 % rise Period 2016-17 2017-18 2018-19 % 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 2016-17 2017-18 2018-19 % rise April-June 407.1 473.5 516.4 9.1% July-Sept 425.2 502.6 516.4 2.7% Oct-Dec 339.1 529.9 497.4 -6.1% Jan-Mar 466.7 523.1 - - 1,638.1
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 2016-17 2017-18 2018-19 % rise 2016-17 2017-18 2018-19 % rise April-June 62.8 64.4 93.7 45.5% 54.5 55.4 58.1 4.9% July-Se
Slide 16: Annual Financial Highlights
ANNUAL FINANCIAL HIGHLIGHTS
Slide 17: Annual Gross toll collection
Annual Gross toll collection (Rs. Mn) FY18 FY17 FY16 ACL Projects Belgaum Dharwad 878 699 696 Dhankuni – Kharagpur 3,176 2,557 2,413 Bhandara 648 570 592 Durg 785 700 734 Jaora – Nayagaon 2,029 1,638 1,638 Sambalpur 633 477 431 Sub-total 8,148 6,642 6,504 ABL Owned Projects Ahmednagar - Aurangabad 2
Slide 18: Adjusted Annual Gross toll collection
Adjusted Annual Gross toll collection (Rs. Mn) FY18 FY17 * % Change FY16 ACL Projects Belgaum Dharwad 878 746 18% 696 Dhankuni – Kharagpur 3,176 2,729 16% 2,413 Bhandara 648 608 7% 592 Durg 785 747 5% 734 Jaora – Nayagaon 2,029 1,748 16% 1,638 Sambalpur 633 509 24% 431 Sub-total 8,148 7,088 15% 6,50
Slide 19: Standalone Profitability Highlights (as per IND-AS)
Standalone Profitability Highlights (as per IND-AS) Rs mn FY18 FY17 Y-o-Y(%) IND-AS accounting treatment for Total Income from Operations 24,483 20,133 978 719 Investment in Ashoka Concession Other Income REVENUE 25,461 20,852 22.1% Investment in Ashoka Concession through CCDs Operating Expenses 2
Slide 20: Standalone Balance Sheet (as per IND-AS)
Standalone Balance Sheet (as per IND-AS) Rs mn Sep-18 Mar-18 Rs mn Sep-18 Mar-18 Shareholder’s Fund 20,520 19,263 Non-current assets 25,371 21,162 Share capital 1,404 936 Fixed assets 2,628 2,324 Reserves & Surplus 19,117 18,327 Other Non-current assets 22,743 18,838 Non-current liabilities 4,172 3,
Slide 21: 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 / Mr. Vikash Verma paresh.mehta@ashokabuildcon.com vgaurang@stellar-ir.com / vikash.verma@stellar-ir.com CIN : L45200MH1993PLC071970