Slide 1: Exchange filing cover letter for Investor Presentation
Date: November 07, 2023 To To BSE Limited National Stock Exchange of India Ltd. Listing Department Exchange Plaza, C-1, Block G P.J Tower, Dalal Street BandraKurla Complex, Mumbai – 400001 Bandra (E), Mumbai – 400051 Stock Symbol -540047 Stock Symbol –DBL Sub: -Investor Presentation Pursuant to regu
Slide 2: Dilip Buildcon Limited Earnings Presentation Q2 FY24
Dilip Buildcon Limited EARNINGS PRESENTATION Q2 FY24
Slide 3: Table of Content
Table of Content Business Highlights 03 Standalone Financial Highlights 15 Consolidated Financial Highlights 23 Equity and divestment Tracker 25 Strategic partnership with Alpha Alternatives 28 Key Projects Update 34 Company Overview 39
Slide 4: Business Highlights
Business Highlights
Slide 5: Business Highlights FY24
Business Highlights FY24 WON 4 NEW PROJECT COMPLETED 4 PROJECTS DIVESTMENT WORTH ₹ 26,413 mn WORTH ₹ 23,572 mn STATUS Won 4 project worth Completed 3 HAM projects and 1 Shrem InvIT : 100% equity stake ₹ 26,413 mn in the state of Madhya Airport project worth ₹ 23,572 mn divested in 8 HAM projects and
Slide 6: New Projects won in FY24
New Projects won in FY24 ₹ in Mn. Contract Value Period in which Project Name Type State Name of Employer excluding GST order won Vertical Wise New Orders Malhargarh Pressurized Madhya Water Resource Micro Lift Major Irrigation Irrigation 6,990 Q1 Pradesh Department MP Project Narmada Gambhir Multi
Slide 7: Projects completed in FY24
Projects completed in FY24 ₹ in Mn. Scheduled Date of Actual Early Name of EPC Cost Project Name State Type of Work Completion including EOT Completion Completion the Employer excluding GST (Extension of Time) Date Days NHAI Pathrapali-Kathghora Package II Chhattisgarh HAM 4,878 01.08.2023 16.06.202
Slide 8: Order Book – as on 30th September 2023
Order Book – as on 30th September 2023 ₹ in Mn. Vertical Wise Model Wise Special Bridge, Tunnel, Urban Development, ₹ 5,214 , 2% ₹ 16,171 , 7% ₹ 2,700 , 1% Metro, Road, ₹ 12,457 , 5% ₹ 79,677 , 33% HAM, 33.2% Mining, ₹ 42,236 , 18% EPC, 66.8% Water Supply, Irrigation, ₹ 38,161 , 16% ₹ 43,270 , 18% T
Slide 9: Order Book as on 30th September 2023
Order Book as on 30th September 2023 Business Division wise order book – ₹ 2,39,886 Mn ROADS & HIGHWAYS IRRIGATION METRO WATER SUPPLY ₹ 79,677 Mn ₹ 43,270 Mn ₹ 12,457 Mn ₹ 38,161 Mn 33.21% 18.04% 5.19% 15.91% EARNINGS PRESENTATION Q2 FY24 8
Slide 10: Order Book as on 30th September 2023
Order Book as on 30th September 2023 Business Division wise order book – ₹ 2,39,886 Mn SPECIAL BRIDGES & TUNNEL AIRPORT MINING URBAN DEVELOPMENT ₹ 16,171 Mn ₹ NIL ₹ 42,236 Mn ₹ 7,914 Mn 6.74% 0.00% 17.61% 3.30% EARNINGS PRESENTATION Q2 FY24 9
Slide 11: Order Book – Year wise Trend
Order Book – Year wise Trend ₹ in Mn. 2,74,114 2,55,945 2,53,950 2,38,881 2,40,509 2,39,886 2,11,718 1,90,816 FY18 FY19 FY20 FY21 FY22 FY23 Q1 FY24 Q2 FY24 EARNINGS PRESENTATION Q2 FY24 10
Slide 12: Order Book as on 30th September 2023
Order Book as on 30th September 2023 ₹ in Mn. Completed Ongoing Ongoing % to total ongoing Geography wise order book State contract value contract value order book order book Madhya Pradesh 1,29,288 98,191 71,859 29.96% Gujarat 15,290 56,850 34,921 14.56% Goa, 1.15% Tamilnadu & Puducherry, Jharkhand
Slide 13: HAM Portfolio (1/3)
HAM Portfolio (1/3) ₹ in Mn. Sr No. Particulars Bid project cost Remarks ➢ 17 HAM projects 100% divested to Shrem InvIT and Cube Highways 1 19 HAM projects divested or under-divestment 2,42,649 ➢ 2 HAM projects under-divestment ➢ 2 HAM project completed 2 18 HAM projects completed and under-construc
Slide 14: HAM Portfolio (2/3)
HAM Portfolio (2/3) ₹ in 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 to Shrem Group 3 DBL Tuljapur Ausa Highways Li
Slide 15: HAM Portfolio (3/3)
HAM Portfolio (3/3) ₹ in Mn. Sr. No Project Name LOA Date Bid Project Cost Status Remarks 20 Dodaballapur- Hoskote Highways Private Limited 26-Aug-20 12,780 Completed - 21 Repallewada Highways Limited 14-Sep-20 11,405 Under-construction - 22 Narenpur Purnea Highways Private Limited 09-Sep-20 19,050
Slide 16: Standalone Financial Highlights
Standalone Financial Highlights
Slide 17: Standalone Result Summary – Q2 FY23 vis-à-vis Q2 FY24
Standalone Result Summary – Q2 FY23 vis-à-vis Q2 FY24 ₹ in Mn. Revenue from Operations EBITDA excl. other income Profit after Tax 7.30% 12.32% 86.45% 22,619 24,270 642 1197 2,613 2,935 Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 Roads, Special-Bridges Irrigation Metros, Airports, Mining & Tunnel
Slide 18: Standalone Result Summary – H1 FY23 vis-à-vis H1 FY24
Standalone Result Summary – H1 FY23 vis-à-vis H1 FY24 ₹ in Mn. Revenue from Operations EBITDA excl. other income Profit after Tax 3.11% 34.63% 141.67% 48,835 50,355 4,667 6,283 840 2030 H1 FY23 H1 FY24 H1 FY23 H1 FY24 H1 FY23 H1 FY24 Roads, Special-Bridges Irrigation Metros, Airports, Mining & Tunne
Slide 19: Standalone Profit & Loss Account
Standalone Profit & Loss Account ₹ in Mn. Particulars Q2 FY24 Q2 FY23 Y-o-Y (%) Q1 FY24 H1 FY24 H1 FY23 Y-o-Y (%) Revenue 24,270 22,619 7.30% 26,085 50,355 48,835 3.11% Operating expenses 21,335 20,006 6.64% 22,737 44,072 44,168 -0.22% EBITDA excl. other income 2,935 2,613 12.32% 3,348 6,283 4,667 3
Slide 20: Standalone Balance Sheet
Standalone Balance Sheet ₹ in Mn. Particulars Sep’23 Jun’23 Mar’23 Particulars Sep’23 Jun’23 Mar’23 ASSETS EQUITY AND LIABILITIES Non-current assets Equity (a) Property, plant and equipment 12,066 12,691 13,252 (a) Equity share capital 1,462 1,462 1,462 (b) Capital work in progress - - - (b) Other e
Slide 21: Standalone Cash Flow
Standalone Cash Flow ₹ in Mn. Particulars Q1 FY24 Q2 FY24 H1FY24 Particulars Q1 FY24 Q2 FY24 H1 FY24 CASH FLOW FROM OPERATING ACTIVITIES CASH FLOW FROM INVESTING ACTIVITIES Net profit before tax as per Statement of Profit and Loss 1,232 1,458 2,690 Purchase of Fixed Assets (382) (461) (843) Adjustme
Slide 22: Quarterly - Net Working Capital Days
Quarterly - Net Working Capital Days 104 107 109 92 93 89 102 85 97 96 82 94 91 79 86 76 75 71 70 72 80 68 82 80 75 71 67 63 59 58 59 58 56 49 49 47 48 44 42 104 121 106 111 113 121 120 126 127 124 119 117 118 Sep'20 Dec'20 Mar'21 June'21 Sep'21 Dec'21 Mar'22 June'22 Sep'22 Dec'22 Mar'23 Jun'23 Sep'
Slide 23: Quarterly - Net Debt To Equity Ratio
Quarterly - Net Debt To Equity Ratio ₹ in Mn. 0.9 0.9 0.79 0.76 0.73 0.73 0.66 0.63 0.61 0.58 0.52 0.51 0.58 0.6 0.43 0.54 0.53 0.53 0.51 0.51 0.46 0.48 0.48 0.44 0.42 0.38 0.32 0.3 0.25 0.23 0.22 0.2 0.17 0.15 0.13 0.1 0.08 0.09 0.05 Sep'20 Dec'20 Mar'21 June'21 Sep'21 Dec'21 Mar'22 Jun'22 Sep'22 D
Slide 24: Consolidated Financial Highlights
Consolidated Financial Highlights
Slide 25: Consolidated - Profit & Loss Account
Consolidated - Profit & Loss Account ₹ in Mn. Particulars Q2 FY24 Q1 FY24 Q2 FY23 H1 FY24 H1 FY23 Revenue from Operations 28,487 29,208 25,958 57,695 54,802 Other income 455 235 73 690 292 Total Income 28,942 29,443 26,031 58,385 55,093 Expenses Cost of materials consumed 23,719 23,347 21,446 47,066
Slide 26: Equity and divestment Tracker
Equity and divestment Tracker
Slide 27: Equity Tracker
Equity Tracker ₹ in Mn. Actual Balance in FY 25 FY 26 FY 27 FY28 FY29 Particulars Requirement Invested H2 FY24 Projected Projected Projected Projected Projected Till Sept-23 Projected 18 HAM Projects* 22,571 10,739 4,516 4,267 2,685 364 - - Siarmal Coal – MDO Project 5,767 1,122 205 1,210 1,179 1,25
Slide 28: Status of divestment - HAM projects to Shrem InvIT
Status of divestment - 10 HAM projects to Shrem InvIT During March 22, DBL Group signed definitive agreements with Shrem InvIT for divestment of 10 2 Projects 51% equity shareholding and 1 HAM Projects for a Valuation of ₹ 23,490 mn Project 49% equity shareholding transferred during Q1 & Q2 -FY24 an
Slide 29: Strategic partnership with Alpha Alternatives
Strategic partnership with Alpha Alternatives
Slide 30: Long-term strategic partnership with Alpha Alternatives
Dilip Buildcon Ltd - Long-term strategic partnership with Alpha Alternatives Key Terms of strategic partnership • Dilip Buildcon Limited (DBL) will enter into a long-term strategic partnership with Alpha Alternatives (AA) for construction, financing and monetization of road projects through an InvIT
Slide 31: Brief on Alpha Alternatives (1/3)
Brief on Alpha Alternatives (1/3) • Alpha Alternatives is India's leading multi-asset class alternatives asset management platform, known for its innovative risk-return solutions and performance-oriented asset managers based in India and Singapore. • AA’s Investment solutions cover a wide range of a
Slide 32: Brief on Alpha Alternatives- partners & professionals (2/3)
Brief on Alpha Alternatives- partners & professionals (2/3) Naresh Kothari Hrishikesh Parandekar Prashant Kothari Founder & Managing Partner Senior Partner CEO & Co-CIO at AA, Singapore • 27+ years of experience • 28+ years of experience • 27+ years of experience • Led Edelweiss Financial Services a
Slide 33: Brief on Alpha Alternatives- partners & professionals (3/3)
Brief on Alpha Alternatives- partners & professionals (3/3) Deepak Sood Parampreet Chadha Sudipta Dhar Ujjawal Punmiya Partner, Fixed Income Options Trading Desk Co-CIO at AA, Singapore Corporate Communications Puneet Varshney Suresh Maheshwari Vineet Sachdeva Saurabh Mittal Operating Equity Structu
Slide 34: DBL- AA Partnership Construct
DBL- AA Partnership Construct Stage 1: • Setup jointly owned InvIT platform • DBL to be the operating partner primarily responsible for evaluating and constructing road projects whereas AA to be the financial partner focused on financing and value optimization. • AA will also have the responsibility
Slide 35: Key Projects Update
Key Projects Update
Slide 36: Key Project Progress- HAM Projects
Key Project Progress- HAM Projects Payment Milestone (Grant) % of work done as on Sr. No Project Name Appointed Date Achieved 30.09.2023 1 Repallewada Highways Limited 4th PM, 75% Physical Progress 01.03.2021 89.25 2 Narenpur Purnea Highways Private Limited 4th PM, 75% Physical Progress 18.03.2021 8
Slide 37: Key Project Progress- HAM Projects
Key Project Progress- HAM Projects Payment Milestone (Grant) % of work done as on Sr. No Project Name Appointed Date Achieved 30.09.2023 13 Karimnagar-Warangal Highways Limited - 18.07.2023 4.37% 14 Urga-Pathalgaon Highways Limited - Jan 2024 (E) AD awaited Kodur to Vanavolu (Bengaluru – Vijaywada E
Slide 38: Key Project Progress- EPC Projects
Key Project Progress- EPC Projects ₹ in Mn. Metro Outstanding Order Book Schedule Date of Project Name Contract Value LOA Date Date of Start as on 30.09.2023 Completion with EOT Bhopal Metro 2,206 235 Oct-18 Nov-18 Oct-23 Indore Metro 2,044 356 Oct-18 Dec-18 Aug-23 Surat Metro Rail Project, Phase-1
Slide 39: Key Project Progress- EPC Projects
Key Project Progress- EPC Projects ₹ in Mn. Road Outstanding Order Book Schedule Date of Project Name Contract Value LOA Date Date of Start as on 30.09.2023 Completion with EOT Gorakhpur Link Expressway Project, Package-II 12,500 110 Nov-19 Jun-20 Mar-24 Special Bridge Outstanding Order Book Schedul
Slide 40: Company Overview
Company Overview
Slide 41: Overview
Overview ₹ in Mn. Pan India presence 19 states Largest employer in construction & 1 Union Territory industry 25,839 employees Largest owner of construction Diversified areas of expertise Roads, special bridges, tunnels, equipments 10,044 metros, airports, irrigation & mining No subcontracting, verti
Slide 42: Our Journey
Our Journey ₹ in Mn. As part of its strategy to After seeing years of high improve its profitability and The Company continues its After building roads in multiple growth, Dilip Buildcon is born Dilip Suryavanshi, a young ensure predictable supply of expansion pace, wining its geographies, the Compa
Slide 43: Our Journey
Our Journey ₹ in Mn. The Company goes public and Forays into airport Completed 14 projects Completed 12 projects the issue is oversubscribed by development segment. Total worth Rs.1,05,445 which is worth Rs. 81,599 in 8 22 times, making it the most Order book zooms to Rs. highest completion in a sta
Slide 44: Backward Integration
Backward Integration To further support our in-house execution, we have setup our own manufacturing units, which make the highest quality road furniture / material needed for our business. It helps us control costs and timelines. Octagonal Poles Pipe Rolling Metal Beam Crash Barrier Road Marking Pai
Slide 45: Leadership Team
Leadership Team MR. DILIP SURYAVANSHI MR. DEVENDRA JAIN Chairman and MD MD & CEO Dilip Suryavanshi is the Chairman and Managing Devendra Jain is a Managing Director and Chief Director of our Company. He holds a bachelors Executive Officer of our Company. He holds a degree in civil engineering from t
Slide 46: Leadership Team
Leadership Team BHARAT SINGH ROHAN SURYAVANSHI KARAN SURYAVANSHI SANJAY BANSAL President Head – Strategy & Planning Head – Business Development Chief Financial Officer Bharat Singh joined Dilip Builders in Rohan Suryavanshi joined DBL in 2007. Karan Suryavanshi joined DBL in 2010. Sanjay Kumar Bansa
Slide 47: 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 Contact No : +91 75060 23955 E-mail : j