31 slides from Irb Infrastructure Developers's investor presentation, December 2017
Slide 1: Corporate Presentation December 2017
Corporate Presentation December 2017 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by IRB Infrastructure Developers Limited (the “Company”) solely for your information and for your use and may not be taken away, reproduced, redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organiza
Slide 3: Contents
Contents Sr. No Particulars 1 Company Overview 2 Key Highlights for December 31, 2017 quarter 3 Key Competitive Advantage 4 Roadmap so far 5 The IRB Group 6 Organization Structure 7 Shareholding Pattern 8 BoT Projects Overview 9 IRB’S Road Portfolio 10 Strong EPC Order Book 11 The Road ahead 12 Oppo
Slide 4: Key Highlights during Q3FY18
Key Highlights during Q3FY18* Revenue* EBITDA* PAT* For Q3FY18 has been declined to For Q3FY18 has declined to Rs. 7,733 Mn For Q3FY18 has gone up to Rs. 2,073 Rs.13,417 mn from Rs. 14,407 Mn from Rs. 7,426 Mn registering a decline of mn from Rs. 1,842 Mn registering a registering a decline of 7% ov
Slide 5: Company Overview
Company Overview IRB Group IRB Infrastructure Developers Limited (“IRB”) incorporated in 1998, has strong in-house integrated execution capabilities One of the leading Infrastructure Development company in India in road and highway sector Group has successfully executed numerous BOT projects i
Slide 6: Key Competitive Advantage
Key Competitive Advantage One of the largest BOT Project Portfolio in the Roads IRB InvIT : 14 BOT projects out and Highways perpetual of which 9 are being Sector tolled, opportunity to and balance are recycle capital and under various monetize assets phases of Key development Competitive Profession
Slide 7: Roadmap So Far
Roadmap So Far Awarded 2 Nos. of Six Laning First ever Airport Project in IRB’s Projects of NHAI on DBFOT Launched India’s first portfolio Pattern in the state of ever listed Infrastructure – Greenfield Airport Project in Rajasthan Investment Trust “ IRB Sindhudurg, Maharashtra. – Udaipur to G
Slide 8: The IRB Group
The “IRB” Group IRB’s Road Projects Roads 100%** 14 BOT Projects Sr. Company Road Name Length No. in Km 1 Aryan Toll Road Pvt. Ltd. Pune – Sholapur BOT 26.00 2 ATR Infrastructure Pvt. Ltd. Pune – Nashik BOT NH 50 29.81 Engineering , Construction 100% Modern Road Makers Pvt. Ltd 3 Mhaiskar Infrastruc
Slide 9: Organization Structure
Organization Structure Board of Directors Mr. Virendra D. Mhaiskar Chairman and Managing Director Mrs. Deepali V. Mhaiskar Mr. Mukesh Gupta Mr. Sudhir Hoshing Executive Director Joint Managing Director Joint Managing Director Mr. Chandrashekhar S. Kaptan Mr. Sunil H. Talati Mr. Sandeep Shah Mr. Suni
Slide 10: Organization Structure
Organization Structure Statutory Auditors Mr. Rajkamal R. Bajaj Internal Auditors Suresh Surana & Associates LLP BSR & Company LLP Advisor to the Board Chartered Accountants Chartered Accountants Joint Statutory Auditors Bankers / Lenders of IRB Group Gokhale & Sathe Andhra Bank Canara Bank Chartere
Slide 11: Shareholding Pattern
Shareholding Pattern Shareholding Pattern as On December 31, 2017 Name Percentage (%) Promoter 57.20 Promoter Group 0.17 FII / EPI 23.74 DII 11.95 Others 6.94 Total 100.00 Shareholders holding more than 1% shares as on December 31, 2017 Name Percentage (%) Government of Singapore 5.44 Platinum Asia
Slide 12: Operational BOT Projects
Operational BOT Projects Mumbai Name of the Project Thane Ghodbunder Pune - Solapur Pune Client MSRDC MSRDC MOSRT&H State Maharashtra Maharashtra Maharashtra Length of the Project 206.0 14.9 26.0 (In Kms) Project Cost in Rs. Mn 13,016 2,462 630 Debt / Unsecured Loan Outstanding as on 342 625 511 Dec
Slide 13: Operational BOT Projects
Operational BOT Projects Name of Ahmedabad the Project Pune - Nashik Kaithal - Rajasthan Border Vadodara Client MOSRT&H NHAI NHAI State Maharashtra Gujarat Haryana Length of the Project 29.8 195.6 166.3 (In Kms) Project Cost in Rs. 737 48,800 22,900 Mn Debt / Unsecured Loan Outstanding as on Dec 738
Slide 14: BOT Projects Under Tolling and Construction
BOT Projects Under Tolling and Construction Name of the Agra – Etawah Udaipur – Gujarat Border Gulabpura – Chittorgarh Project Client NHAI NHAI NHAI State Uttar Pradesh Rajasthan / Gujarat Rajasthan Length of the Project (In 124.52 113.80 124.87 Kms) Project Cost in Rs. Mn 25,230 20,879 20,900 Debt
Slide 15: BOT Projects Under Implementation
BOT Projects Under Implementation Name of the Goa / Karnataka Border Solapur Yedeshi Kishangarh - Gulabpura Project to Kundapur Yedeshi Aurangabad Client NHAI NHAI NHAI NHAI State Karnataka Maharashtra Maharashtra Rajasthan Length of the Project (In 189.6 98.7 189.1 90.0 Kms) Project Cost in Rs. Mn
Slide 16: IRB's BOT Road Portfolio
IRB’s BOT Road Portfolio BOT Portfolio – Km & Lane Km BOT Portfolio – State wise % Rajasthan 26% Karnataka 10% Haryana 8% Gujarat 13% Uttar Pradesh 10% Maharashtra 33% BOT Portfolio – State wise Lane Km Lane KM under development 4,628 Lane Kms Lanes KM operational* 3,049 Lane Kms Total Lane Km under
Slide 17: Strong EPC Order Book
Strong EPC Order Book Order book As on December 31, 2017 Amount Order Book* Composition in Rs. Mn Ongoing BOT Projects 52,970 BOT Projects in O&M Phase 6,562 BOT Projects - Construction yet to commence 14,490 Total 74,022 •Order Book as of a particular date consists of unbilled revenue from the unco
Slide 18: The Road Ahead
The Road Ahead BOT Projects Continue to focus on BOT infrastructure projects in the road and highways sector Geographical diversification - accentuating Company’s nationwide plans De-risking revenue stream KM-82 Dependency on single project now reduced to operationalization of new BOT Projects
Slide 19: Opportunities in Bharatmala
Opportunities in Bharatmala ~Rs 5tn of total investment for developing 34,800km of roads lined up over the next 4-5 years Of this Rs1.2tn would come from PPP, Rs 2tn from market borrowings and balance Rs ~2tn from Budgetary allocation/ToT/CRF/Toll etc ToT opportunity to the tune of Rs 34,000 c
Slide 20: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period December 2017 ( Quarter) (As per Ind-AS) December 2016 (Quarter) (As per Ind-AS) Ended Particulars Total All Segments Construction Segment BOT Segment Total All Segments Construction Segment BOT Segment Amt % Amt % Amt % Amt % Amt % Amt %
Slide 21: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period December 2017 ( Quarter) (As per Ind-AS) September 2017 ( Quarter) (As per Ind-AS) Ended Particulars Total All Segments Construction Segment BOT Segment Total All Segments Construction Segment BOT Segment Amt % Amt % Amt % Amt % Amt % Amt
Slide 22: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period December 2017 ( 9 Months ) (As per Ind-AS) December 2016 (9 Months) (As per Ind-AS) Ended Particulars Total All Segments Construction Segment BOT Segment Total All Segments Construction Segment BOT Segment Amt % Amt % Amt % Amt % Amt % Am
Slide 23: Strong Financial Track Record Consolidated Financials
Strong Financial Track Record Consolidated Financials Revenue EBITDA 35,000 70,000 31,715 59,691 30,000 60,000 27,874 52,551 50,000 25,000 23,247 22,660 45,573 39,605 18,751 Rs. in Mn 40,000 38,174 37,319 20,000 17,634 Rs.in Mn 30,000 15,000 20,000 10,000 10,000 5,000 - - FY 2013 FY 2014 FY 2015 FY
Slide 24: Strong Financial Track Record Consolidated Financials
Strong Financial Track Record Consolidated Financials Net Worth & ROE Net Debt & Net Debt to Equity Ratio BOT Assets Capital Employed & ROCE 235,000 219,551 204,261 210,000 185,000 171,632 160,000 143,879 Rs. in Mn 135,000 125,788 110,000 99,452 85,000 60,000 35,000 10,000 FY 2013 FY 2014 FY 2015 FY
Slide 25: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn Sr. Name of the Project FY 2015 FY 2016 FY 2017 Q3 FY 2017 Q2 FY 2018 Q3 FY 2018 9M FY 2017 9M FY 2018 No. 1 Mumbai - Pune BOT Project ** 5,673 6,331 6,819 1,372 2,134 2,332 4,987 6,744 2 Ahmedabad – Vadodara ** 1,566 2,187 3,309 690 865 1,007 2,392 2,788
Slide 26: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn 26
Slide 27: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn 27
Slide 28: Corporate Recognition
Corporate Recognition IRB has been awarded CNBC TV 18 Essar Steel Infrastructure Excellence Award in the Highways & Flyovers category for Mumbai - Pune section of National Highways (NH-4). This award was in recognition of the high quality work implemented on the development and maintenance of the Mu
Slide 29: Corporate Recognition
Corporate Recognition This award was won by IRB for being the ideal companies to work This award was won by the for infrastructure sector in India company for having acknowledging its business employee friendly policies, This was awarded for the free operations, quality of its respect for dignity of
Slide 30: Our CSR Initiative
Our CSR Initiative We have replicated same model and have started a We also generously school in the Pathankot district of Punjab, near the contributed to the Amritsar- Pathankot BOT project. Chief Minister’s drought relief fund in Maharashtra. The School building was inaugurated on 27 March 2017.Th
Slide 31: Infrastructure Developers Ltd
INFRASTRUCTURE DEVELOPERS LTD