Ashoka Buildcon Limited · NSE:ASHOKA
Ashoka Buildcon — Q1 FY2025 Earnings Presentation
26 slides from Ashoka Buildcon's earnings presentation, Aug 14, 2024
Slide 1: Covering letter to stock exchanges
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 Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scri
Slide 2: Investor Presentation August 2024
Investor Presentation August 2024
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of Ashoka Buildcon Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or in
Slide 4: Q1 FY25 Business & Financial Highlights
Q1 FY25 Business & Financial Highlights
Slide 5: Q1 FY25 Business Highlights
Q1 FY25 Business Highlights Receipt of Completion Certificate for Hybrid Annuity Mode (HAM) NHAI Project - ‘Eight Lane Vadodara Kim Expressway in April 2024 Company has received Completion Certificate w.e.f. April 02, 2024 for its Hybrid Annuity Mode (HAM) Project of National Highways Authority of I
Slide 6: Q1 FY25 Standalone Financial Performance Highlights
Q1 FY25 Standalone Financial Performance Highlights Total Revenue (Rs Crs.) EBITDA (Rs Crs.) EBITDA Margins (%) Profit after Tax (PAT) +22% +52% + 150 bps +148% 1,901 145 7.6% 41 1,557 6.1% 95 16 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 5 Developing Infrastructure for Better T
Slide 7: Debt Profile
Debt Profile Consolidated Debt (Rs. Crs.) Cash & Bank Balance Break up (Rs. Crs.) Standalone Debt Project Debt Incl ACL Debt Standalone Cash & Bank Balance Consolidated Cash & Bank Balance 6,978 7,200 6,920 7,139 7,183 816 988 1,118 1,103 1,143 1,410 538 442 393 426 448 5,990 6,082 5,818 5,996 5,774
Slide 8: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (Rs. Crs.) Q1 FY25 Q1 FY24 Y-o-Y Revenue from Operations 1,877.1 1,532.1 Other Income 23.7 25.2 Total Revenue 1,900.8 1,557.2 22% Operating Expenses 1,635.4 1,336.1 Employee Cost 63.3 55.5 Other Expenses 57.0 70.3 EBITDA 145.1 95.4 52% EBITDA Margin 7.6
Slide 9: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Crs.) Q1 FY25 Q1 FY24 Y-o-Y Revenue from Operations 2,465.4 1,935.2 Other Income 29.3 38.0 Total Revenue 2,494.7 1,973.1 26% Operating Expenses 1,687.4 1,267.0 Employee Cost 116.6 103.9 Other Expenses 62.5 91.0 EBITDA 628.2 511.3 23% EBITDA Margi
Slide 10: Company Overview
ASHOKA Ashoka Buildcon Ltd. Company Overview
Slide 11: Ashoka Buildcon – Legacy of Excellence
Ashoka Buildcon – Legacy of Excellence 45+ YEARS of INR 10,356 Crs. 10,000+ members experience in Current Order Book as in Ashoka Family construction industry on 30th June 2024 14,000 LANE Kms. 30,000 Villages of highway constructed illuminated through Power T&D projects CRISIL RATINGS 5 Year CAGR A
Slide 12: ABL - Business Structure
ABL - Business Structure Ashoka Buildcon Limited Ashoka Concessions Limited (ACL) (ABL owning 66% Stake, Balance with SBI Macquarie) ABL Own Projects % Stake HAM Projects % Stake Mudhol Nipani (BOT Annuity) 100% Kharar Ludhiana 100% Bagewadi Saundatti (BOT Annuity) 100% Ranastalam Anandpuram 100% Hu
Slide 13: Order Book as on 30th June 2024
Order Book as on 30th June 2024 Segment Breakup Region Breakup Client Breakup 4.5% 10.6% 10.6% 2.1% North 6.9% 30.0% 35.7% South 11.1% 25.6% 42.7% 9.0% Road EPC East Central Govt Road HAM West State Govt Building EPC Central HAM 10.1% Railways 9.0% North East Private Client 36.0% Power T&D 6.7% 6.0%
Slide 14: Current Order Backlog
Current Order Backlog Segment Rs. Crs. Segment Rs. Crs. Roads* 4,624 Other EPC Projects 5,732 Tumkur-Shivamoga IV, Karnataka 325 Baswantpur to Singnodi 43 Rajasthan 37 Tumkur-Shivamoga III, Karnataka 90 Jammu & Kashmir 61 Tumkur - Shivamoga II, Karnataka 45 Uttar Pradesh 282 HAM Tumkur - Shivamoga I
Slide 15: HAM Project Portfolio
HAM Project Portfolio All figures in Rs Crs. As per Financial Closure As per Actuals PIM No. of Projects % Stake Estimated Estimated Grant Equity PIM Total Debt Status TPC Est. Grant Est. Contribution Annuity (As on 30 th June 2024) (ACL/ABL) Equity Debt Received Invested Received Drawn Est. Receive
Slide 16: BOT Project Portfolio
BOT Project Portfolio All figures in Rs Crs. Projects (Rs. Crs.) Concession Contract Ending Debt as on % Stake State / Client Lane / Lanes Kms Type Signing Date Grant/ Premium (As on 31 st Mar 2024) Period Date 30th June 2024 ACL Projects Premium of Rs. Rs. 31 Cr BOT (Toll), Belgaum Dharwad 100% KN
Slide 17: Gross Toll Collection ACL Projects
Gross Toll Collection ACL Projects (Rs. Crs.) Q1 FY25 Q1 FY24 Y-o-Y Q4 FY24 Y-o-Y Belgaum Dharwad 31.9 35.2 -9.5% 34.4 -7.4% Dhankuni Karagpur 131.8 126.7 4.0% 136.7 -3.6% Bhandara 30.9 27.6 11.9% 31.1 -0.6% Durg 36.7 31.6 16.0% 36.4 0.7% Jaora – Nayagaon 59.6 57.5 3.7% 58.4 2.1% Sambalpur Bargarh 3
Slide 18: Toll Collection
Toll Collection ACL Projects Company Project Period FY21 FY22 FY23 FY24 FY25 % Rise Q1 11.8 18.9 33.9 35.2 31.9 -9.5% Q2 20.1 25.1 31.3 32.7 Ashoka Belgaum Belgaum Dharwad Q3 27.7 29.8 34.0 35.5 Dharwad Tollway Ltd. Project Q4 29.3 30.5 35.8 34.4 88.9 104.3 135.0 137.8 Q1 53.6 84.9 117.4 126.7 131.8
Slide 19: Toll Collection
Toll Collection ACL Projects Company Project Period FY21 FY22 FY23 FY24 FY25 % Rise Q1 22.5 36.8 49.1 57.5 59.6 3.7% Q2 42.4 45.2 51.2 56.3 Jaora - Nayagaon Toll Jaora – Nayagaon Q3 44.9 43.7 52.4 54.4 Road Company Pvt Ltd. Road Project Q4 45.5 46.7 54.3 58.4 155.4 172.5 207.1 226.6 Q1 10.7 17.3 24.
Slide 20: Top Executive Management
Top Executive Management Mr. Ashok Katariya Mr. Satish Parakh Mr. Sanjay Londhe Mr. Ashish A. Kataria Mr. Paresh Mehta Chairman Managing Director Whole Time Director Whole Time Director Chief Financial Officer • In 1976, Mr. Katariya laid the • Mr. Parakh’s association • Mr. Londhe heads the • Mr. A
Slide 21: Experienced Board of Directors
Experienced Board of Directors Mr. Ashok Katariya Mr. Satish Parakh Mr. Sanjay Londhe Mr. Ashish Kataria Chairman Managing Director Whole Time Director Whole Time Director Mr. Mario Nazareth Mr. Nikhilesh Panchal Mr. Mahendra Mehta Ms. Shilpa Hiran Independent Director Independent Director Independe
Slide 22: Current Signature Project - Mopa Airport Link Road, Goa
Current Signature Project - Mopa Airport Link Road, Goa MOPA AIRPORT LINK ROAD – GOA Project Length : 6.58 km with elevated portion of 4.4 km • A new airport for Goa has been built near village Mopa. At present the connectivity to the airport is through existing village road. However, being an inter
Slide 23: Signature Projects showcasing Project Execution Capabilities
Signature Projects showcasing Project Execution Capabilities India’s First 8 Lane Extra Dosed Cable Stayed Bridge Built in 33 Months • Despite flood situations in 2 consecutive years and the pandemic, team Ashoka completed this prestigious 8 lanes bridge across Narmada river in Gujarat in Record tim
Slide 24: Marquee Clients
Marquee Clients ….and many more 23 Developing Infrastructure for Better Tomorrow
Slide 25: Awards & Recognition
Awards & Recognition Construction Times Awards 2023 Best Executed Bridge Project Award Achievement of Safety Health and Environment (Panagrah Palashit Road Project) CIA Construction & Infrastructure Awards Best Company in Bridges for Excellence in Construction of Superstructures Safe-Tech Award Most
Slide 26: Thank You
THANK YOU Company: Ashoka Buildcon Limited Investor Relations: Strategic Growth Advisors (SGA) CIN: L45200MH1993PLC071970 CIN: U74140MH2010PTC204285 Mr. Paresh Mehta (CFO) Mr. Deven Dhruva / Mr. Jigar Kavaiya paresh.mehta@ashokabuildcon.com deven.dhruva@sgapl.net / jigar.kavaiya@sgapl.net Tel: 0253