Nila Infrastructures Limited · NSE:NILAINFRA
Nila Infrastructures — Q3 FY17 Earnings Presentation
44 slides from Nila Infrastructures's earnings presentation, February 2017
Slide 1: Investor Presentation February 2017
Investor Presentation February 2017 GROWTH Seizing opportunities Nila Infrastructures Limited
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Nila Infrastructures Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 3: Agenda
Agenda Highlights Background Business Overview Orderbook & Clientele Financials 3
Slide 4: Key Financial Highlights
Key Financial Highlights ₹ Million YoY YoY Q3 FY17 Q3 FY16 9M FY17 9M FY16 Growth Growth Revenue 508 431 18% 1,501 1,138 32% EBITDA 96 79 22% 254 200 27% EBITDA 19.0% 18.3% 16.9% 17.5% Margin PAT 56 45 24% 151 112 35% PAT 11.1% 10.4% 10.1% 9.9% Margin 4
Slide 5: Details of order won in 9M FY17
Details of order won in 9M FY17 ❖ MoU with Government of Rajasthan ➢ MOU of ₹ 4,000.0 million for construction of Civic Urban Infrastructure projects including Affordable Housing ➢ Secured five (5) contracts under the MOU aggregating ₹ 668.7 million in May 2016 ➢ Envisage additional overall construc
Slide 6: Update on SRA Project
Update on SRA Project • PPP order from AMC for Slum Rehabilitation and Redevelopment ➢ Construction of ~609 residential units and ~21 shops in 24 months ➢ Total development cost of ₹ 492.0 million ➢ Remuneration: Transferable Development Rights (TDR) of ₹ 342.2 million, and balance SRA Scheme vacant
Slide 7: Agenda
Agenda Highlights Background Business Overview Orderbook & Clientele Financials 7
Slide 8: About Us
About Us ❖ A Sambhaav Group company, having a unique hybrid model of Project Execution ➢ Focused on Affordable Housing (Infrastructure) projects, while order diversity include Civic Urban Infrastructure projects i.e. Medical College, Office Complex, BRTS Stations, Multilevel Parking, etc. ➢ Efficien
Slide 9: What Drives US
What Drives US • Mark our presence as a leading infrastructure and real-estate player across various geographies, perform with a high level of integrity and harness credibility • Contribute to the economic prosperity and growth through participation in projects of national importance • Raise our own
Slide 10: Milestones
Milestones 2014- Onward Growth • AMC awards contract for Affordable Housing under Mukhya Mantri Avas Yojana, Multi Level Parking, SRA 2017 • Rajasthan Government, VUDA awards projects for Affordable Housing, Civic Urban Infrastructure • Infusion of further equity through Pvt Placement • Listing on N
Slide 11: Board of Directors
Board of Directors Mr. Manoj B. Vadodaria - • With 40+ years of experience, knowledge and insight in the construction industry, Mr. Vadodaria transformed Nila from a city-based Chairman & Managing realtor to a meaningful civic urban infrastructure player Director • His tremendous spirit and executio
Slide 12: Management Team
Management Team Anand Patel • Mr. Patel had been the Additional City Engineer with the Ahmedabad Municipal Corporation. President (Projects) • With over 35 years of hands on experience, he has put in massive efforts in looking after the construction of houses for the urban poor by engaging in Slum R
Slide 13: Agenda
Agenda Highlights Background Business Overview Orderbook & Clientele Financials 13
Slide 14: Key Differentiators
Key Differentiators Project execution: Dividend Track Significant experience and Record: strong track record in: Consistent dividend Timely completion, cost payments for last seven (7) effective execution years Project diversity: Promoter Share Bungalows and Flats to Pledge: BRTS Stations, Multileve
Slide 15: Certifications
Certifications • ISO 9001:2008 accreditation by • Certificate of Excellence • Registered as approved Contractor in Certification International (UK) Ltd Special Category – I Buildings Class with Government of Gujarat, Roads and Building Department ➢ Amongst the few companies to be certified • Less co
Slide 16: Business Model Overview
Business Model Overview ✓ Model prominent in the State of ✓ Contract awarded for Engineering, Rajasthan Procurement, Construction by ✓ Contract awarded for Engineering, Government Authority EPC EPC + PPP Procurement, Construction by ✓ Generally fixed price contracts Government Authority ✓ Generally
Slide 17: Business Model Highlights
Business Model Highlights EPC EPC+PPP PPP Risk Profile Low Medium High Moderate Moderate High Margin Profile Affordable Housing, Housing for All by 2022, Smart Cities, etc. 17
Slide 18: Our footprints: Gujarat & Rajasthan
Our footprints: Gujarat & Rajasthan 18
Slide 19: Home Ground Advantage
Home Ground Advantage Gujarat Infrastructure Civic Urban Infrastructure White Label Own real estate projects Leasing ▪ Affordable Housing ▪ Global Award Winning BRTS Construction ▪ Atuulyam ▪ 88,000 sq. ft commercial project ▪ AP SEZ Office ▪ Asmaakam space in Ahmedabad ▪ Multistoried Parking Facili
Slide 20: Our footprints: Ahmedabad
Our footprints: Ahmedabad Our footprints: Ahmedabad 20
Slide 21: Sunrise state: The Land of Opportunities
Sunrise state: The Land of Opportunities Rajasthan Housing Project through Public Private Partnership Civic Urban Infrastructure ▪ Mega Housing at Jodhpur for EWS, LIG & MIG ▪ Contract awarded by Engineering Projects (India) Ltd. at Barmer ✓ 1,072 units totalling to ~4,72,800 sq. ft ✓ EPC contract f
Slide 22: Affordable Housing (Infrastructure)
Affordable Housing(Infrastructure) ❖ Total of 5,818 units of Affordable Housing, (2.2 million sq. ft.) under development ❖ GUJARAT: Executing Affordable Housing projects for cash rich entities like AMC, VUDA, Adani Group etc. ➢ Constructing ~0.8 million sq. ft. aggregating ~2,700 units of Affordable
Slide 23: BRTS: A Success Story
BRTS: A Success Story ❖ Prime Contractor for Global Award Winning BRTS (Bus Rapid Transit System) project of AMC under JNNURM ➢ 72% BRTS stations built by Nila (104 out of total 144) ❖ Total value ~ ₹ 630.0 Millions ➢ AMC initially awarded 28 BRTS stations ➢ Owing to Proficient Execution, Excellent
Slide 24: Other Urban Infrastructure
Other Urban Infrastructure ❖ Sole Contractor for first Urban Development Project of 260 decorative bus shelters completed for AMC ➢ Exclusive publicity rights of these shelters accorded to group company – Sambhaav Media Ltd. ❖ Early completion and superior construction quality prompted AMC to award
Slide 25: Realty Business
Realty Business ❖ Leveraging low cost land bank to develop our own Real Estate Projects ➢ Projects through Joint Ventures (JVs) and Associates also ❖ Entire spectrum of project development activities ➢ Identification and acquisition of land at economical rates ➢ Project Planning, Development, Sales
Slide 26: Recent Real Estate Projects
Recent Real Estate Projects Project Area Sale # of Configurati Land Project Year Format Sold Value Possession Units ons Area Sq. mtrs. ₹ Mn Sq. mtrs. Asmaakam Affordable 2010 180 2 BHK 7,588 16,976 280 Phase I Housing Asmaakam Affordable 2011 330 2 BHK 4,163 11,300 310 Phase-II Housing Completely ha
Slide 27: Key Industrial Land Bank
Key Industrial Land Bank ❖ Built a propitious land-bank with potential of future development ➢ Longer term plan is to monetise through developing industrial parks, dormitories, etc. Location Sq. Mtrs. Key Highlights Land right on the National Highway 8A and adjacent to railway line, Bavla 1,02,133 I
Slide 28: Subsidiaries, JVs, Associate
Subsidiaries, JVs, Associate ❖ Formed along with other renowned Real Estate Developers to take benefit of: ➢ Larger scale to work ➢ Diverse operations ➢ Risk distribution Name of Entity Stake (%) Status Real Estate project: Plotting scheme, operations yet to Nila Projects LLP 99.97% commence Real Es
Slide 29: Growth Drivers
Growth Drivers New Opportunities ❖Gujarat International Real Estate Finance Tec-city ❖Accumulated land bank Urban Infra ❖Metro-link Express for at economical rates for Gandhinagar and ❖Immense opportunities Real Estate and Industrial Ahmedabad in affordable housing Projects ❖Dholera Special ❖Govt in
Slide 30: Agenda
Agenda Highlights Background Business Overview Orderbook & Clientele Financials 30
Slide 31: Order book Details
Order book Details Order book at December 31, 2016 ( ₹ 3,013.7 Millions) 45% 45% 13% 9% 55% 33% Affordable Housing Civic Urban Infra. EPC EPC+PPP PPP Civic Urban Infra. YTD Order Inflow Highlights ❖ Total Order inflow worth Rs. 2,227.3 million till December 31, Affordable 14% 2016 Housing & SRA 31%
Slide 32: Order book movement
Order book movement Unexecuted at Added during Executed during To be executed at Sr. Project – Client 1-Apr-2016 9M-FY2017 9M-FY2017 01-Jan-2017 (₹ million) A B C D = A+B-C 1 Girdharnagar –AMC 472.1 19.9 168.6 323.4 2 Kailashnagar – AMC -- 68.0 -- 68.0 3 Jodhpur – RUDSICO 455.8 -- 125.4 330.4 4 Bhai
Slide 33: Clientele
HU | lll Special Economic Zone Ltd 33 Adani Ports and (eo) applewoods Clientele
Slide 34: Agenda
Agenda Highlights Background Business Overview Orderbook & Clientele Financials 34
Slide 35: Quarter Financial Highlights
Quarter Financial Highlights* Revenue ( ₹ Millions) EBITDA (₹ Millions) +18% +22% 508 96 431 79 Q3 FY16 Q3 FY17 Q3 FY16 Q3 FY17 PAT ( ₹ Millions) EBITDA & PAT Margin +24% 18.3% 19.0% 56 10.4% 45 11.1% Q3 FY16 Q3 FY17 Q3 FY16 Q3 FY17 EBITDA % PAT % * - Standalone 35
Slide 36: 9M Financial Highlights
9M Financial Highlights* Revenue ( ₹ Millions) EBITDA (₹ Millions) +32% +27% 1,501 254 1,138 200 9M FY16 9M FY17 9M FY16 9M FY17 PAT ( ₹ Millions) EBITDA & PAT Margin +35% 17.5% 16.9% 151 9.9% 112 10.1% 9M FY16 9M FY17 9M FY16 9M FY17 EBITDA % PAT % * - Standalone 36
Slide 37: Quarter Profitability Statement
Quarter Profitability Statement* Particulars ( ₹ Millions) Q3 FY17 Q3 FY16 YoY 9M FY17 9M FY16 YoY Construction & Development of Infrastructure Projects 434.2 333.7 30% 1239.6 929.4 33% Construction & Development of Real Estate Projects 32.0 43.0 -25% 107.3 143.2 -25% Others 41.4 54.5 -24% 154.1 65.
Slide 38: Standalone Balance Sheet
Standalone Balance Sheet ₹ Millions Sep-16 Mar-16 ₹ Millions Sep-16 Mar-16 Shareholder’s Fund 1,878.2 1,700.0 Non-Current Assets 1,019.9 916.9 Share capital 392.9 370.2 Fixed assets 338.8 333.6 Reserves & Surplus 1,485.3 1,329.8 Non-Current Investments 211.7 198.8 Non-Current Liabilities 1,143.6 1,3
Slide 39: Historical Financial Highlights
Historical Financial Highlights* Revenue ( ₹ Millions) EBITDA ( ₹ Millions) +3% +21% 1,831 264 271 274 245 227 1,244 845 909 945 FY12 FY13 FY14 FY15 FY16 FY12 FY13 FY14 FY15 FY16 PAT ( ₹ Millions) Closing Order book ( ₹ Millions) +8% 170 2,095 2,026 124 128 119 121 954 630 287 FY12 FY13 FY14 FY15 FY
Slide 40: Standalone Profitability Statement
Standalone Profitability Statement Particulars ( ₹ Millions) FY2016 FY2015 YoY Construction & Development of Infrastructure Projects 1574.6 806.8 Construction & Development of Real Estate Projects 178.0 116.9 Others 78.7 320.2 Total Revenue 1,831.3 1,243.9 47% Cost of Construction and Development 1,
Slide 41: Standalone Balance Sheet
Standalone Balance Sheet ₹ Millions Mar-16 Mar-15 ₹ Millions Mar-16 Mar-15 Shareholder’s Fund 1,700.0 1,578.7 Non-Current Assets 916.9 628.8 Share capital 370.2 370.2 Fixed assets 333.6 330.7 Reserves & Surplus 1,329.8 1,208.4 Non-Current Investments 198.8 182.8 Non-Current Liabilities 1,379.8 1,050
Slide 42: Consolidated Profitability Statement
Consolidated Profitability Statement Particulars ( ₹ Million) FY2016 FY2015 YoY Construction & Development of Infrastructure Projects 1,574.6 806.8 Construction & Development of Real Estate Projects 178.0 116.9 Others 78.7 320.0 Total Revenue 1,831.3 1,243.7 47.2% Cost of Construction and Developmen
Slide 43: Consolidated Balance Sheet
Consolidated Balance Sheet ₹ Millions Mar-16 Mar-15 ₹ Millions Mar-16 Mar-15 Shareholder’s Fund 1,657.5 1,565.8 Non-Current Assets 921.7 482.2 Share capital 370.2 370.2 Fixed assets 333.6 330.7 Reserves & Surplus 1,287.3 1,195.6 Non-Current Investments 95.9 69.3 Non-Current Liabilities 1,420.1 1,327
Slide 44: For further information, please visit www.nilainfra.com or contact
For further information, please visit www.nilainfra.com or contact: Company : Investor Relations Advisors: Nila Infrastructures Ltd Strategic Growth Advisors Pvt Ltd CIN: L45201GJ1990PLC013417 CIN: U74140MH2010PTC204285 Mr. Prashant Sarkhedi Mr. Jigar Kavaiya | Mr. Kevin Shah Email: phsarkhedi@nilai