Markolines Pavement Technologies Limited · NSE:MARKOLINES
Markolines Pavement Technologies — H1 FY2024 Earnings Presentation
39 slides from Markolines Pavement Technologies's earnings presentation, Nov 15, 2023
Slide 1: Cover letter to BSE on investors' presentation
Markolines® Date: 15th November 2023 To, The Manager, Department of Corporate Services, Bombay Stock Exchange Limited P. J. Tower, Dalal Street, Mumbai – 400 001. Subject: Investors' Presentation on Unaudited Financial Results for the Half-year financial ended on September 30, 2023 Ref: Regulation 3
Slide 2: Markolines Pavement Technologies Ltd Investor Presentation H1FY2024
Markolines Pavement Technologies Ltd (Formerly Markolines Traffic Controls Ltd) India’s Leading Highway Maintenance Company PAVING THE PATH TOWARDS AN INNOVATIVE FUTURE INVESTOR PRESENTATION H1FY2024 Refer disclaimer 1
Slide 3: Contents
;---;:;: - Markolines® Contents About Us Industry Overview Annual Financial Overview • Markolines in Numbers • Industry Overview (India) • Annual Profit & Loss • Performance Highlights – H1FY24 • Opportunities • Annual Balance Sheet • Half Yearly Profit & Loss • National Highway Developments • Order
Slide 4: Markolines in Numbers
Markolines in Numbers 91.9 ac 197.5 r Sqm of Microsurfacing Lane KM Order book as on work in India CIPR Work 30th Sep 2023 Experience in India All data points mentioned above are as on 30th Sep 2023 3
Slide 5: Key Highlights for H1FY2024
Key Highlights for H1FY2024 4.6% EBITDA Margin PBT Margin* PAT Margin up 227 bps up 44 bps up 23 bps YoY YoY YoY 11ct7/% � 7% 7% Growth in EBITDA ROE ROCE YoY (TTM**) (TTM**) * Excluding extra ordinary items ** Trailing Twelve Months # All data as on 30th Sep 2023 4
Slide 6: Order Book Summary
;---;:;: - Markolines® Order Book Summary Amounts in Rs Crore Opening Order Book Orders Executed in Order Book Segment as on 31-03-2023 H1FY24 as on 30-09-2023 Major Maintenance & Toll Operation* 385 131 504 Orders under discussion 400 * Includes Specialised maintenance services including Micro Surf
Slide 7: Half Yearly Profit & Loss Statement
;---;:;: - Markolines® Half Yearly Profit & Loss Statement Amounts in Rs Crore Particulars H1FY24 H2FY23 H1FY23 YoY (%) FY23 FY22 YoY (%) Total Income from Operations 131.9 160.0 152.4 (13.4) 312.4 186.9 67.2 Cost of Materials Consumed 40.2 14.3 17.3 132.1 31.7 34.7 (8.7) Employees Expenses 12.6 22.
Slide 8: Half Yearly Balance Sheet
;---;:;: - Markolines® Half Yearly Balance Sheet Amounts in Rs Crore Particulars H1FY24 H1FY23 Particulars H1FY24 H1FY23 Equity & Liabilities Assets Total Equity 90.6 76.8 Non - Current Assets 37.5 11.3 Share Capital 19.1 19.1 Property Plant & Equipment's 26.1 10.3 Reserves & Surplus 71.5 57.6 Defer
Slide 9: Business Rationale | Markolines at a glance
;;--;:;: - Markolines® Business Rationale Markolines at a glance Strengthening & Widening of Road Network 1 1 Founded in 2002 with single product: Road Marking is must for handling the growing needs of Indian economy Transformed into India's Largest Maintenance 2 With Various Government schemes such
Slide 10: Our Journey
;---;:;: - Markolines® OUR JOURNEY 2017 • Became India’s largest 2016 O&M Company • 300% growth in • Started Major Orderbook over last year 2014 Maintenance & Repairs in highway O&M (MMR) for highways • Ventured into Micro • Introduced • Received a single order surfacing Microsurfacing with fiber 20
Slide 11: Our Journey
;---;:;: - Markolines® OUR JOURNEY 2023 2022 • Ventured in Specialized • Company achieves Construction Activity of 2021 highest ever revenue with Tunneling • Company name changed order book offering 2020 visibility of 2 years from to Markolines Pavement 2018 Technologies Limited FY22 levels. • Becam
Slide 12: Winning culture to take us forward
Winning culture to take us forward Excellent Efficient Customer Centric Regional & cultural Contingency & Risk and Proactive understanding management approach Focus on Strict adherence to 100% Compliance of Health, Safety, Security SOPs and statutory and Environment Ethical practices requirements (H
Slide 13: Core Services
;---;:;: - Markolines® Core Services HIGHWAY MAINTENANCE PREVENTIVE MAJOR MAINTENANCE MAINTENANCE & REPAIRS (MMR) SPECIALIZED MAINTENANCE SERVICES MICRO SURFACING COLD IN PLACE RECYCLING (CIPR) SPECIALIZED CONSTRUCTION SERVICES SOIL TUNNELING STABILIZATION 12
Slide 14: Preventive Maintenance
Markolines® Highway Maintenance Preventive Maintenance ❑ Preventive maintenance is performed in response to triggers of deteriorating road condition that requires action before the problem gets out of hand. . v ' . ❑ Roads are among the most important public assets involving massive investment. We h
Slide 15: Major Maintenance & Repairs (MMR)
Highway Maintenance Major Maintenance & Repairs (MMR) It involves removing one or more layers of the existing road and replacing them with new one. Being Major Projects, it requires meticulous planning and careful execution. ❑ A detailed study of the project is undertaken by an experienced team ❑ A
Slide 16: Micro surfacing
Specialised Maintenance Services Micro surfacing Micro surfacing is an eco-friendly surface treatment for preservation and corrective maintenance of roads. Micro surfacing is a mix of polymer modified asphalt emulsion, graded aggregate, cement, water and additives and is of two types: i. 4 mm to 6 m
Slide 17: Cold In Place Recycling (CIPR)
Markolines® Specialised Maintenance Services Cold In Place Recycling (CIPR) CIPR involves removing and reusing the existing asphalt surface. It involves grinding off the top layer (up to 200mm) of the existing asphalt surface and mixing the crushed asphalt with foamed bitumen and placing it back dow
Slide 18: Advantages of C.I.P.R
Markolines® Advantages of C.I.P.R CIPR overlay lasts 10-15 years as compared to 5-8 years of traditional overlay (Subject to traffic and overloading) Shorter construction period, due to high production capacity CIPR can correct deep asphalt defects such as rutting, of recycling machines fatigue (all
Slide 19: Soil Stabilization
Markolines® Specialised Construction Services Soil Stabilization Soil stabilization is the process of treating soil of low bearing capacity with additives like cement, lime, or chemical agents to enhance its strength and improve moisture susceptibility. This treatment becomes very important while ma
Slide 20: Benefits of Soil Stabilization
;---;:;: - Markolines® Benefits of Soil Stabilization Higher resistance (R) values • Stabilization can increase the strength of a soil and/or control the shrink-swell properties of a soil, thus improving the load bearing Reduction in plasticity capacity of a sub-grade to support pavements and founda
Slide 21: Tunneling
Specialised Construction Services Tunneling Tunnel is an artificial passage, especially one built through a hill, Mountain or under the ground or water to provide ease of operations in terms of convenience, distance and Logistic Speed. Due to the vast expanse and variety of terrain across India, the
Slide 22: Leadership Team
Leadership Team Mr. Sanjay B Patil Founder, Chairman and Managing Director • Founded Markolines as a road marking company in 2002. • Backed by a rich experience of over 25 years, he successfully transformed Markolines from a single product company to a leading player with large number of services in
Slide 23: Leadership Team
Leadership Team Mr. Karan Bora Director • A new entrant in the management to assist in the field of Business Development and Finance. • Karan is a young and energetic leader with high integrity. His knowledge of Engineering helps him to understand the business at core. His excellent communication an
Slide 24: Our Projects
Markolines® Our Projects • HIGHWAY PROJECT • MAJOR MAINTENANCE PROJECT .A_ TUNNELING PROJECT Founded in 2002 with single product: Road Marking, the company is today running several projects across the length and breadth of the country. ••• ...•... r.:.,1- 23
Slide 25: Our Clientele
Our Clientele . I CUBEilOHWAYS IISH Surat . ; · · .. , M,u1ni,cipal ,. Corporation PE I IFRASTR uc·TLJRE K e ---- -LL.I. ·-� -----�- C3f=tC::,LJP ... Tc,-.v .. , .. d-.. -.1,.1:,.1 ... in .. t,-le Kr-<-.wlh GAMM 1 0N Suildlers: it:o th,e Nati on � l\ R Al IY ANO I HA 1 lJ fUR[ I IMll lD lrcon �oma l
Slide 26: Key Drivers (1/2)
;;--;:;: - Markolines® Market Leadership 1 Markolines enjoys the clear leadership in the Market having about 30-35% of Market share. It is the only Company in India providing exclusive and complete array of services in Highway O&M. Track Record 2 Markolines have a strong track record of Operation an
Slide 27: Key Drivers (2/2)
;---;:;: - Markolines® First Mover Advantage 5 One of the key growth drivers for Markolines has been it’s ability to foresee new trends in the sector and explore new technology. They have ventured into specialized maintenance services such as Micro surfacing (MS), Cold In Place Recycling (CIPR) and
Slide 28: Industry Overview & Opportunity (India)
INDUSTRY OVERVIEW & OPPORTUNITY (INDIA) 27
Slide 29: Industry Overview (India)
;---;:;: - Markolines® Growing Private Rapid Growth in National Sector Involvement Highways Expected in 2023-24 PPP such as Increased from 97,830 km in 2014-15 to 145,155 km in TOT/HAM 2022-23. Road construction rate has increased from 12.1 km per day in 2014-15 to 28.6 km per day in 2021-22 Rising
Slide 30: Industry Opportunity (India)
;---;:;: - Markolines® INDUSTRY OPPORTUNITY (INDIA) Huge Potential for Highway O&M sector TOT (Toll operate transfer) 01 02 bundle Rs.8000-10000 Cr O&M Business Plan to Monetize Road Assets through TOT Potential Every 5 years. bundles for Rs.60,000 to 1,00,000 Cr. Large Overseas Investment by Each T
Slide 31: National Highways Development Project (NHDP)
;---;:;: - Markolines® National Highways Development Project (NHDP) The National Highways have a total length of 1,40,995 km, which in totality serve as the arterial network of the country. The development of National Highways is the responsibility of the Government of India. The Government of India
Slide 32: Bharatmala Pariyojana
;---;:;: - Markolines® Bharatmala Pariyojana Bharatmala Pariyojana envisages 60% projects on Hybrid Annuity Mode, 10% projects on BOT(Toll) Mode and 30% projects on EPC mode respectively. Total aggregate length of 25,713 km with a total capital cost of Rs. 7,81,845 crore have been approved and award
Slide 33: Bharatmala Pariyojana
;---;:;: - Markolines® Bharatmala Pariyojana Status of Appraisal and Award - Mode of Implementation-wise - Detailed Approved - Total Completed Corridor Type Awarded Yet to be awarded Awarded + Approved Length (km) Total Capital Cost Total Capital Cost Total Capital Cost Length (km) Length (km) Lengt
Slide 34: Annual Financial Overview
Annual Financial Overview 33
Slide 35: Annual Profit & Loss Statement
;---;:;: - Markolines® Annual Profit & Loss Statement Amounts in Rs Crore Particulars 2020-21 2021-22 2022-23 Revenue from Operations 157.71 186.64 311.80 Other Income 0.26 0.26 0.63 Total Income from Operations 157.97 186.90 312.43 Total Expenditure 144.52 163.87 284.19 EBITDA 13.44 23.03 28.23 EBI
Slide 36: Balance Sheet
;---;:;: - Markolines® Balance Sheet Amounts in Rs Crore Particulars 2020-21 2021-22 2022-23 Particulars 2020-21 2021-22 2022-23 Non-Current Assets Shareholders Funds: Property, Plant & Equipment 9.91 8.91 21.11 Share Capital 0.87 19.11 19.11 Non-Current Investment 0.01 0.01 8.38 Reserves & Surplus
Slide 37: Shareholding Pattern
;---;:;: - Markolines® Shareholding Pattern As on 30th Sep, 2023 Public 27.80 % Promoter & Promoter Group 72.20 % 36
Slide 38: Safe harbor statement
;---;:;: - Markolines® Safe harbor statement This presentation may contain certain forward-looking statements relating to Markolines Pavement Technologies Limited (hereinafter referred to as “Markolines” or “Company”) and its future business, development and economic performance. These statements in
Slide 39: For more information, Please contact
For more information, Please contact ® Markolines Pavement Technologies Limited KAPTIFY Consulting Parag Jagdale, Company Secretary & Compliance Officer Strategy & Investor Relations / Consulting +91 22- 6266 1111 (30 Lines) +91 845 288 6099 company.secretary@markolines.com info@kaptify.in https://w
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