Welspun Enterprises Ltd. · NSE:WELENT
Welspun Enterprises — Investor Presentation (May 2022)
42 slides from Welspun Enterprises's investor presentation, May 13, 2022
Slide 1: Cover letter to stock exchanges
‘y4.-’WELSPUN ENTERPRISES INFRASTRUCTURE AND ENERGY WEL /SE~2022 May 13, 2022 To, BSE Limited National Stock Exchange of India Limited 1st Floor, Rotunda Bldg. Exchange Plaza, C-i, Block-G, Dalal Sheet, Fort Bandra Kurla Complex, Bandra (East), Mumbai 400 001. - Mumbai 400 051. - Scrip Code: 532553
Slide 2: Welspun Enterprises Limited Investor Presentation May 2022
WELSPUN ENTERPRISES LIMITED BSE: 532553 | NSE: WELENT |ISIN: INE625G01013 Investor Presentation MAY 2022
Slide 3: Safe Harbor
Safe Harbor The information contained in this presentation is provided by Welspun Enterprises Limited (the “Company”). Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is subject to
Slide 4: Business Highlights FY22
Business Highlights FY22 Quarterly PCOD for 3 projects 17.7% Accelerated execution received 11.7% 11.7% of ongoing projects 9.9% 4,672 Mukarba Chowk – Panipat (Tolling started 3,442 2,800 845 Aunta - Simaria w.e.f April 06th, 2022) 2,155 414 338 223 Varanasi - Aurangabad NH2 Chikhali - Tarsod projec
Slide 5: Income Statement Snapshot - Standalone
Income Statement Snapshot - Standalone Particulars (₹ Mn) Q4 FY22 Q4 FY21 YoY % Q3 FY22 QoQ % FY22 FY21 YoY% Revenue from Operations 4,672 5,046 (7.4%) 2,155 116.8% 13,069 14,102 (7.3%) Other Income 104 16 563.3% 95 9.5% 378 290 30.5% Total Income 4,776 5,062 (5.6%) 2,251 112.2% 13,447 14,392 (6.6%)
Slide 6: Income Statement Snapshot - Consolidated
Income Statement Snapshot - Consolidated Particulars (₹ Mn) Q4 FY22 Q4 FY21 YoY % Q3 FY22 QoQ % FY22 FY21 YoY% Revenue from EPC 4,846 5,688 (14.8%) 2,416 100.6% 14,014 15,295 (8.4%) Business Revenue from Developer 427 312 36.9% 373 14.5% 1,513 1,108 36.6% Business Other Income 73 10 637.2% 48 53.1%
Slide 7: Balance Sheet Snapshot - Standalone
Balance Sheet Snapshot - Standalone Balance Sheet Snapshot (₹ Mn) 31st Mar 2022 31st Dec 2021 31st Mar 2021 Net worth 18,942 18,405 18,188 Gross Debt 5,018 4,933 6,025 - Long Term Debt 5,018 4,933 5,051 - Short Term Debt 0 0 973 Cash & Cash Equivalents# 1,883 1,751 3,750 Net Debt / (Cash) 3,135 3,18
Slide 8: Welspun Enterprises
Welspun Enterprises
Slide 9: Welspun Enterprises At a glance
Welspun Enterprises At a glance PAN INDIA DIVERSIFIED ASSET LIGHT STRONG PRESENCE PORTFOLIO MODEL EXECUTION Well-positioned via a lean Across UP, Bihar, Specialise in Road, balance sheet and Record completion time Tamil Nadu, Haryana, Water and Wastewater achieving operational of 19 months (vs. 30 m
Slide 10: Creating Value through a Clear Strategy
Creating Value through a Clear Strategy Bid for selective projects Leverage knowledge Deploy right mix of contractors & support them for seamless ▪ Lower competition ▪ Moving towards external orders (strengthening EPC) execution ▪ Better IRRs ▪ Better EPC margin ▪ Reduce execution risk ▪ Ease of exe
Slide 11: Advantage WEL
ADVANTAGE WEL
Slide 12: Key Triggers
Key Triggers Strong Platform Set for Proven Track Record Trend in Diversification Future Growth Built one of the ‘Engineering Marvels of India - Delhi Focus on Road and Water segments Exploring additional Meerut E-way’ and known to be an Execution Specialist Strong and diversified EPC Order book acr
Slide 13: Proven track record
Proven track record ₹ 122,000+ Mn Delhi Meerut Expressway ~500 km Experience of operating ~700 km Welspun Enterprises’ completed ~500 km of Toll projects portfolio includes the Delhi–Meerut Robust current road portfolio Expressway / National Expressway 3 which was featured as an Engineering Capabili
Slide 14: Strong platform set for future growth
Strong platform set for future growth Robust portfolio of Road Current order ~₹ 84,000 Mn* and Water projects book at (excluding GST) * As on April 30th, 2022 Segment Break-up Order Book Break-up 71 % 67 % ROAD EXTERNAL CAPTIVE WATER 29 % 33 % Current Order Book provides strong revenue growth visibi
Slide 15: Way forward: Trends towards Diversification
Trends towards Diversification Trends in Order Book Break-up WEL Portfolio (in ₹ Mn) Other Water EPC of EPC, EPC, HAM , 4% 122,000 29.1% 26.6% FY 17 84,000 FY 22 EPC of EPC of BOT, Road HAM , 6.8% EPC, 96% 37.6% Development EPC Way Continue approach of prudent bid Water & Wastewater to be one of for
Slide 16: Continuous Focus on Value Creation
Continuous Focus on Value Creation De-risked execution model Focused on Strong presence across segments: Building High-Value High- Value unlocking Execution Development (HAM & BOT) and EPC Margin Projects from assets excellence with Diversified roads & Water Completed Projects – ready to Low Leverag
Slide 17: Robust Financial Metrics
Robust Financial Metrics Revenues EBITDA Net Debt / Equity (x) 0.24 0.22 48% 0.11 5 years Revenue CAGR 0.04 0.02 0.02 17,600 13,069 17,394 14,102 9,972 2,916 2,589 2,567 1,978 1,801 1,819 785 FY17 FY18 FY19 FY20 FY21 FY22 FY17 FY18 FY19 FY20 FY21 FY22 FY17 FY18 FY19 FY20 FY21 FY22 Standalone numbers
Slide 18: Favorable Industry Dynamics
Favorable Industry Dynamics NHAI Bharatmala Central Road Budget 2022 ~₹ 1.99 tn ~₹ 1,340 bn Pariyojana Fund 550 68% In FY22 133% In FY22 Districts 19 % Vision 2025 (NH Linkages) for Roads Total expenditure on Allocation towards To optimise efficiency of Increase in allocation for the Ministry of Roa
Slide 19: Industry dynamics - Roads Sector
Industry dynamics - Roads Sector Attractive Opportunities & Strong Policy Road Construction NHAI Awards and support Per Day (km) Execution (km)* 18,000 18% 6,306 Km 18% of projected infrastructure 4,788 National Highways to expand by 50 investment of ₹111 trillion in 18,000 km in 2022-23 4,325 4,218
Slide 20: Industry dynamics - Water & Wastewater Sector
Industry dynamics - Water & Wastewater Sector Urban Water & Sanitation - ₹ 12.6 tn capital expenditure to be Households with piped-water Additional supply in rural areas ₹ 3.3 tn spent in building Water Infrastructure (I N %) ₹ 600 bn (₹ TN) Will be spent in building Water Infrastructure Allocated f
Slide 21: Welspun Group, Board, Management & Other
Welspun Group, Board, Management & Other
Slide 22: Welspun Group overview
Welspun USD 2.7 Bn USD 1.0 Bn 9 26,000+ Group Revenue Group Assets Manufacturing Workforce Group Net Fixed Assets Facilities in India, USA, and Saudi Arabia overview Global leader in Home Amongst world’s Robust portfolio of Integrated Grade-A Textiles largest Line-Pipe Roads & Water Infra Warehousin
Slide 23: Through an experienced Board
Through an experienced Board B. K. Goenka Rajesh Mandawewala Ajay Hans Dipali Goenka EXECUTIVE GROUP MD MD & CEO NON-EXECUTIVE CHAIRMAN ▪ Qualified Chartered ▪ Graduate in Engineering, DIRECTOR ▪ Amongst India’s most Accountant; Played an Master of Business Finance & ▪ Graduate in Psychology & dynam
Slide 24: Through an experienced Management
Through an experienced Management Ajay Hans Sanjay Sultania Neeraj Gupta Yogen Lal Rajesh Jain MD & CEO CHIEF FINANCIAL Vertical Head Vertical Head Chief Human Resource OFFICER (ROADS) (Water) Officer ▪ Graduate in Engineering, ▪ Qualified Chartered ▪ 24 years of experience in ▪ Civil engineer with
Slide 25: CSR initiatives
CSR EDUCATION ENVIRONMENT EMPOWERMENT initiatives Our social mission is enshrined within the 3Es i.e. Education, Empowerment and Environment & Health Project Gyankunj Project Model Village Welspun Super Sports Women To enhance the teaching & learning To create a sustainable rural To identify and sup
Slide 26: Awards, Accreditation & Accolades
Awards, Accreditation & Accolades Letter of appreciation by Prime Minister of Letter of appreciation by Appreciation by India Shri Narendra Modi Honorable Parliamentarian Shri Nitin Gadkari, Union Minister Fastest Growing Company – Annual Construction World Awards WELSPUN ENTERPRISES LIMITED 25
Slide 27: Appendix: Infrastructure Portfolio
APPENDIX Infrastructure Portfolio 1. HAM: Delhi-Meerut expressway package 1 2. HAM: Chutmalpur - Ganeshpur & Roorkee-Chutmalpur – Gagalheri 3. HAM: Chikhali-tarsod 4. HAM: Package no. AM 2 5. HAM: Gagalheri- Saharanpur-Yamunanagar 6. HAM: Aunta - Simaria (Ganga Bridge with Approach Roads) 7. HAM: Sa
Slide 28: Infrastructure Portfolio
Infrastructure Portfolio Robust portfolio of 11 infrastructure projects in roads and water Sr. No Project Name Contract Type Authority / Client Status ROAD 1 Delhi-Meerut Expressway (Pkg 1) HAM NHAI COD achieved Chutmalpur-Ganeshpur & Roorkee-Chutmalpur- 2 HAM NHAI PCOD achieved Gagalheri (CGRG) 3 G
Slide 29: HAM Project details: Delhi-Meerut Expressway Pkg 1
HAM Project details Delhi-Meerut Project Length (Kms) Award Date 8.716 Km Jan 2016 Expressway Pkg 1 Financial Closure Achieved Appointed Date 28th Nov 2016 Scheduled Construction Period 30 months COD Date 28th June 2018 SCOPE 14 Lane expressway: Six-laning Concession Period after COD 15 Years of Del
Slide 30: HAM Project details: Chutmalpur-Ganeshpur & Roorkee-Gagalheri
HAM Project details Chutmalpur-Ganeshpur Project Length (Kms) Acquisition Date 53.3 Km Jan 2018 & Roorkee-Chutmalpur- Financial Closure Achieved Gagalheri (CGRG) Appointed Date PCOD 28th Feb 2018 05th Aug 2020 Concession Period after COD 15 Years SCOPE 4-Laning of Chutmalpur- Ganeshpur section of NH
Slide 31: HAM Project details: Gagalheri-Saharanpur-Yamunanagar
HAM Project details Gagalheri- Project Length (Kms) Acquisition Date 51.5 Km Jan 2018 Saharanpur- Financial Closure Achieved Yamunanagar (GSY) Appointed Date PCOD 26th Jan 2018 31st Oct 2020 Completion Certificate 10th Feb 2022 SCOPE 4-Laning of Gagalheri- Concession Period after COD 15 Years Sahara
Slide 32: HAM Project details: Chikhali-Tarsod
HAM Project details Chikhali-Tarsod (CT) Project Length (Kms) Acquisition Date 62.7 Km Jan 2018 Financial Closure Achieved Appointed Date 16th Jan 2019 PCOD 25th Aug 2021 Concession Period after COD 15 Years SCOPE 4-laning of Chikhali – Tarsod (Package-IIA) section of NH-6 from km 360.0 to km 422.7
Slide 33: HAM Project details: Maharashtra Amravati AM 2
HAM Project details Maharashtra Amravati Project Length (Kms) Award Date 352.15 Km Nov 2018 (Pkg AM 2) Financial Closure Achieved Appointed Date 28th May 2019 SCOPE PCOD 11th Nov 2021 Upgradation of Roads in Maharashtra State or Two Laning Concession Period after COD 10 Years Road/ Two Laning Road w
Slide 34: HAM Project details: Aunta-Simaria
HAM Project details Aunta-Simaria Project Length (Kms) Acquisition Date 08.15 Km Aug 2018 (Ganga Bridge with Financial Closure Achieved Approach Roads) Appointed Date Scheduled Construction Period 30th Aug 2018 42 Months Concession Period after COD 15 Years SCOPE Six- Laning from Aunta-Simaria (Gang
Slide 35: HAM Project details: Sattanathapuram-Nagapattinam
HAM Project details Sattanathapuram- Project Length (Kms) Award Date 55.755 Km July 2018 Nagapattinam Financial Closure Achieved (SNRP) Appointed Date Scheduled Construction Period 5th Oct 2020 24 months Concession Period after COD 15 Years SCOPE 4 laning of Sattanathapuram to Nagapattinam (Design C
Slide 36: BOT Project details: Mukarba Chowk-Panipat
BOT Project details Mukarba Chowk – Project Length (Kms) 71.1 Km Panipat (MCP) Acquisition Date (Harmonious substitution) 8th June 2020 PCOD 31st March 2022 Commencement of Tolling Q1 FY23 SCOPE Concession End Date Oct 2033* 6 to 8 laning from Mukarba * Extension of up to 3.5 years possible dependin
Slide 37: EPC Project details: Varanasi Aurangabad NH2
EPC Project details Varanasi Aurangabad Project Length (Kms) 192.4 NH2 Project Original Contract Commencement Date 30th Sep 2021 (VARP) Construction Period 24 Months Additional Contract SCOPE Construction Start Date May 2022 Six laning of Varanasi – Aurangabad section of NH-2 from Construction End D
Slide 38: EPC Project details: UP State Water and Sanitation Mission
EPC Project details UP State Water and Project Scope Water Supply to Villages Sanitation Mission Est aggregate contract value ₹ 25,000 Mn SCOPE Rural Water Supply project under Jal Jeevan Mission by State Water S No. Revenue District No of Sanitation Mission UP, scope Division Villages includes Surv
Slide 39: EPC water segment
₹25,000 Mn worth order under execution Lead Partner in Joint Venture Empanelled by the UP-State Execution of EPC Projects of with Kaveri Infraprojects Limited, Water and Sanitation Mission, 2,544 villages for the Project of Hyderabad 70 : 30 Namami Gange and Rural Water Survey, Design, Preparation o
Slide 40: BOT Dewas Water
BOT Dewas Concession Sector Project Name Location COD End Water Water Supply Dewas Water* MP Apr-20 Jun-37 *Dewas Water – Modified Project ▪ Modified project involves the supply of treated water of up to 23 MLD to industrial customers in Dewas ▪ FY22 revenue stands at ₹110 mn with EBITDA of ₹59 mn W
Slide 41: Investment in Oil & Gas blocks
Investment Block Name Location AWEL WEL Status in Oil & Gas Stake Effective Stake blocks: MB-OSN-2005/2 Mumbai 100.0% 35.0% AWEL drilled a well and had hydrocarbon Offshore discovery- potential GIIP 514 BCF (billion cubic feet) of gas . Further data evaluation Potential value studies have been compl
Slide 42: Thank You
Thank You For further details please contact CORPORATE OFFICE WELSPUN ENTERPRISES LIMITED Welspun House, 5th Floor, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, India E-mail: investorrelations_WEL@welspun.com MAY 2022
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