Dilip Buildcon Ltd. · NSE:DBL
Dilip Buildcon — Q4 FY2023 Earnings Presentation
38 slides from Dilip Buildcon's earnings presentation, May 19, 2023
Slide 1: Dilip Buildcon Limited – Investor Presentation filing letter
DILIP BUILDCON LIMITED IN FRASTRUCTU RE & BEYOND Drte: Moy 19.2023 Io To BSE Limited National Stock Exchang€ of India Ltd. Listing Depafiment Exchange Plaz8, C- I , Block G P.J Tower, Dalal Street BandmKurla Complex, Mumbai - 40000 I Ban&a (E), Mumbai - 400051 Stock Symbol -540047 19595251959643 Sto
Slide 2: Earnings Presentation Q4 FY23
Dilip Buildcon Limited E A R N I N G S P R E S E N TAT I O N Q 4 F Y 2 3 1
Slide 3: Table of Content
Table of Content 01 Business Highlights 02 Standalone Financial Highlights 03 Consolidated Financial Highlights 04 Divestment & Equity Investment Tracker 05 Key Projects Update 06 Company Overview
Slide 4: Business Highlights
Business Highlights
Slide 5: Business Highlights – FY2022-23
Business Highlights – FY2022-23 Completion (COD) Won 10 new projects worth of projects worth Divestment status ₹ 1,09,181 mn ₹ 90,529 mn Won 10 projects worth Completed 3 EPC & 4 HAM 1. Cube : 100% equity stake ₹ 1,09,181 mn in the state of road projects and 1 tunnel divested in 3 HAM projects Jhark
Slide 6: 10 New Projects Won in FY23 worth ₹ 1,09,181 mn
10 New Projects Won in FY23 worth ₹ 1,09,181 mn (₹ mn) Period in Contract Value Project Name Type State Name of Employer excluding GST which order won Sector Wise New Orders National Highway Mehgama-Hansdiha Road Jharkhand 9,760* Q1 Authority of India National Highway Water Supply ₹ 33,470 Urga-Path
Slide 7: Order Book – Business Division Wise as on 31st March 2023
Order Book – Business Division Wise as on 31st March 2023 (₹ mn) Water Supply ₹ 30,973 12% Tunnel ₹ 19,146 7% Special Bridge ₹ 7,096 Roads ₹ 1,01,160 3% Total 40% order book Metro ₹ 14,790 6% ₹ 2,53,950 Irrigation ₹ 35,880 14% Mining ₹ 44,905 18% 6 EARNINGS PRESENTATION Q4FY23
Slide 8: Order Book – Business Division Wise as on 31st March 2023
Order Book – Business Division Wise as on 31st March 2023 Order Book – ₹ 2,53,950 mn Roads & Highways Metro Irrigation Water Supply ₹ 1,01,160 mn - 39.83% ₹ 14,790 mn - 5.82% ₹ 35,880 mn - 14.13% ₹ 30,973 mn - 12.20% Tunnel Mining Airport Special Bridges ₹ 19,146 mn - 7.54% ₹ 44,905 mn - 17.68% Nil
Slide 9: Order Book – Year-wise Trend
Order Book – Year-wise Trend (₹ mn) 2,74,114 2,55,945 2,53,950 2,38,881 2,11,718 1,90,816 1,75,683 FY17 FY18 FY19 FY20 FY21 FY22 FY23 8 EARNINGS PRESENTATION Q4FY23
Slide 10: Order Book – Geography-wise as on 31st March 2023
Order Book – Geography-wise as on 31st March 2023 (₹ mn) Completed Ongoing Ongoing % to total ongoing Order book State contract value contract value order book order book Madhya Pradesh 1,29,288 78,448 59,801 23.55% Gujarat 9,589 62,551 41,152 16.20% Karnataka, Bihar, Himachal Pradesh, Odisha, Jhark
Slide 11: Projects completed during FY23
Projects completed during FY23 (₹ mn) Scheduled Date of Name of the Type of EPC Cost Actual Early Completion Project Name State Completion including EOT Employer Work excluding GST Completion Date Days (Extension of Time) NHAI Sangli-Solapur (Package I: Sangli to Borgaon) Maharashtra HAM 7.190 19.06
Slide 12: HAM Portfolio (1/3)
HAM Portfolio (1/3) (₹ mn) Sr no. Particulars Bid Project Cost ( BPC) Remarks ➢ 14 HAM projects 100% divested to Shrem InvIT and Cube Highways 1 19 HAM projects divested or under-divestment 2,42,649 ➢ 5 HAM projects under-divestment ➢ 13 HAM projects under-construction 2 18 HAM projects under-constr
Slide 13: HAM Portfolio - 19 HAM projects divested or under-divestment (2/3)
HAM Portfolio - 19 HAM projects divested or under-divestment (2/3) (₹ mn) Sr. No Project Name LOA Date Bid Project Cost Status Remarks 1 DBL Lucknow Sultanpur Highways Limited 09-Aug-16 20,160 Completed Divested to Shrem Group 2 DBL Kalmath Zarap Highways Limited 25-Nov-16 9,140 Completed Divested t
Slide 14: HAM Portfolio - 18 HAM Projects under-Construction (3/3)
HAM Portfolio - 18 HAM Projects under-Construction (3/3) (₹ mn) Sr. No Project Name LOA Date Bid Project Cost Status Remarks 20 Dodaballapur- Hoskote Highways Private Limited 26-Aug-20 12,780 Under-construction - 21 Repallewada Highways Limited 14-Sep-20 11,405 Under-construction - 22 Narenpur Purne
Slide 15: Standalone Financial Highlights
Standalone Financial Highlights
Slide 16: Standalone Result Summary – FY23 vis-à-vis FY22
Standalone Result Summary – FY23 vis-à-vis FY22 (₹ mn) Revenue from Operations EBITDA excl. other income Profit after Tax 12% 31% 358% 2,218 1,01,195 (860) 90,061 7,536 9,884 FY22 FY23 FY22 FY23 FY22 FY23 Roads, Special- Metros, Airports, Irrigation Mining Bridges & Tunnels Urban & Water Supply 2% 1
Slide 17: Standalone Result Summary – Q4FY23 vis-à-vis Q4FY22
Standalone Result Summary – Q4FY23 vis-à-vis Q4FY22 (₹ mn) Revenue from Operations EBITDA excl. other income Profit after Tax 14% 15% 1853% 30 583 25,062 28,573 2,368 2,720 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Q4FY22 Q4FY23 Roads, Special- Metros, Airports, Irrigation Mining Bridges & Tunnels Urban & Water S
Slide 18: Standalone Results Update
Standalone Results Update (₹ mn) Particulars Q4FY23 Q3FY23 Q4FY22 Q-o-Q (%) FY23 FY22 Y-o-Y (%) Revenue 28,573 23,788 25,062 14% 1,01,195 90,061 12% Operating expenses 25,853 21,291 22,694 14% 91,311 82,525 11% EBITDA excl. other income 2,720 2,497 2,368 15% 9,884 7,536 31% EBITDA Margin (%) 9.52% 1
Slide 19: Standalone Balance Sheet
Standalone Balance Sheet (₹ mn) Particulars Mar’23 Mar’22 Particulars Mar’23 Mar’22 ASSETS EQUITY AND LIABILITIES Non-current assets Equity (a) Property, plant and equipment 13,252 16,448 (a) Equity share capital 1,462 1,462 (b) Capital work in progress - - (b) Other equity 44,569 41,899 (c) Other I
Slide 20: Standalone Cash Flow
Standalone Cash Flow (₹ mn) Particulars Q4FY23 9MFY23 FY23 Particulars Q4FY23 9MFY23 FY23 CASH FLOW FROM OPERATING ACTIVITIES CASH FLOW FROM INVESTING ACTIVITIES Net profit before tax as per Statement of Profit and Loss 783 2,014 2,797 Purchase of Fixed Assets (329) (554) (883) Adjustments for: Sale
Slide 21: Net Working Capital Days – Quarterly
Net Working Capital Days – Quarterly 114 107 104 102 107 100 101 100 96 93 97 96 89 90 89 94 87 91 82 86 82 82 79 80 80 75 70 69 69 69 71 66 66 63 63 60 59 58 59 58 56 57 55 51 50 49 49 47 48 44 42 95 86 91 89 100 105 104 121 106 111 113 121 120 126 127 124 119 Mar'18 June'19 Sep'19 Dec'19 Mar'20 Ju
Slide 22: Net Debt To Equity Ratio – Quarterly
Net Debt To Equity Ratio – Quarterly (Working Capital & Equipment Debt) 0.92 0.9 0.9 0.81 0.79 0.76 0.73 0.73 0.66 0.63 0.61 0.58 0.6 0.58 0.57 0.54 0.53 0.53 0.52 0.51 0.51 0.46 0.48 0.48 0.45 0.44 0.36 0.35 0.32 0.3 0.25 0.23 0.22 0.2 0.17 0.15 0.13 0.1 0.08 Mar'20 June'20 Sep'20 Dec'20 Mar'21 Jun
Slide 23: Consolidated Financial Highlights
Consolidated Financial Highlights
Slide 24: Consolidated Profit & Loss
Consolidated Profit & Loss (₹ mn) Particulars Q4FY23 Q3FY23 Q4Y22 FY23 FY22 Revenue from Operations 28,411 23,224 26,637 1,06,436 95,664 Other income 103 285 52 680 384 Total Income 28,514 23,509 26,689 1,07,116 96,048 Expenses Cost of materials consumed 25,669 20,294 23,001 93,102 82,710 Changes in
Slide 25: Divestment & Equity Investment Tracker
Divestment & Equity Investment Tracker
Slide 26: Divestment Status of HAM Projects to Shrem InvIT
Divestment Status of 10 HAM Projects to Shrem invIT During March 22, DBL Group signed definitive agreements with Shrem InvIT for divestment of 10 HAM Projects for a Valuation of ₹ 23,490 mn 8* Projects Divested during FY23 with Final Valuation ₹ 17,753 mn against investment of ₹ 12,715 mn • * 5 Proj
Slide 27: Equity Investment Tracker for HAM & Coal Projects
Equity Investment Tracker for HAM & Coal Projects (₹ mn) Actual Invested FY 23-24 FY 24-25 FY 25-26 FY 26-27 Particulars Requirement Till Mar-23 Projected Projected Projected Projected Investment in 23 HAM Projects @ 32,122 17,143 7,638 4,462 2,653 226 Investment for Siarmal Coal Project # 5,767 708
Slide 28: Key Projects Update
ects Update ed a -¥ ~ ) Nn
Slide 29: Hybrid Road Projects – Progress
Hybrid Road Projects – Progress % of work done as on Sr. No Project Name Payment Milestone (Grant) Achieved Appointed Date 30.04.2023 1 DBL Chandikhole Bhadrak Highways Limited * PCOD achieved on 24.07.2022 16.12.2018 100.00 2 DBL Rewa Sidhi Highways Private Limited * PCOD achieved on 10.11.2022 14.
Slide 30: Hybrid Road Projects – Progress
Hybrid Road Projects – Progress % of work done as on Sr. No Project Name Payment Milestone (Grant) Achieved Appointed Date 30.04.2023 12 DBL Viluppuram Highways Limited 7th PM, 60% Physical Progress 30.11.2021 65.69 13 DBL Poondiyankuppam Highways Limited 5th PM, 40% Physical Progress 15.11.2021 48.
Slide 31: Key Road, Special Bridge, Tunnel and Irrigation Projects
Key Road, Special Bridge, Tunnel and Irrigation Projects (₹ mn) Road Contract Outstanding Order Schedule Date of Project Name LOA Date Date of Start Value Book as on 31.03.2023 Completion with EOT Gorakhpur Link Expressway Project, Package-II 12,500 2,708 Nov-19 Jun-20 Mar-24 Special Bridge Contract
Slide 32: Key Metro, Airport, Water Supply and Mining Projects
Key Metro, Airport, Water Supply and Mining Projects (₹ mn) Metro Contract Outstanding Order Schedule Date of Project Name LOA Date Date of Start Value Book as on 31.03.2023 Completion with EOT Bhopal Metro 2,206 305 Oct-18 Nov-18 Oct-23 Indore Metro 2,044 615 Oct-18 Dec-18 Aug-23 Surat Metro Rail P
Slide 33: Company Overview
Company Overview
Slide 34: Overview
Overview Largest employer in Pan India presence 19 states & 1 construction industry 26,743 Union Territory employees Diversified areas of expertise Roads, Largest owner of special bridges, tunnels, metros, construction equipments 10,340 airports, irrigation & mining No subcontracting, vertically Ear
Slide 35: Our Journey
Our Journey 2019 Enters into Tunnels and Metros segments. Revenue grows to more than 120%, since 1994 the Company went public 3 years ago The young firm witnesses a 2012 2014 healthy growth in its core business over the years, and expands into As the Company grows more than 100% After building roads
Slide 36: Backward Integration
Backward Integration Octagonal Poles Pipe Rolling Metal Beam Road Marking Bus Shelter Sign Boards Crash Barrier Paint Scaffolding Bearing & Reinforced Fabricated Casting Overhead Overhead Foundry Expansion Joint Earth Walls Panels and Moulds Gantries Cantilevers To further support our in-house execu
Slide 37: Leadership Team
Leadership Team Mr. Dilip Suryavanshi Mr. Devendra Jain Chairman and MD MD & CEO Dilip Suryavanshi is the Chairman and Managing Director of our Company. He holds a bachelors degree in civil Devendra Jain is an Executive Director and Chief engineering from the University of Jabalpur. He has over Exec
Slide 38: Thank You
Thank You Dilip Buildcon Limited Plot No. 5, Inside Govind Narayan Singh Gate, Chuna Bhatti, Kolar Road, Bhopal Madhya Pradesh - 462 016 0755 - 4029999 / 0755 - 4029998 db@dilipbuildcon.co.in L45201MP2006PLC018689 S-Ancial Technologies Pvt. Ltd. Jill Chandrani / Hazel Rathod Contact No : +91 75060 2