Antony Waste Handling Cell Ltd. · NSE:AWHCL
Antony Waste Handling Cell — Q3 FY25 Earnings Presentation
41 slides from Antony Waste Handling Cell's earnings presentation, Feb 15, 2025
Slide 1: Exchange cover letter: Investor Presentation
CIN: L90001MH2001PLC130485West) - 400601Phone: 022 – 4213 0300 | Email: info@antonyasia.com | Website: www.antony-waste.com Ref.: AW/COMP/SE/2024-25/10 Date: February 15, 2025 To, To, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers
Slide 2: Q3FY25 Investor Presentation
Antony Waste Handing Cell Limited Q3FY25 Investor Presentation
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Antony Waste Handling Cell Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 4: Q3 & 9M FY25 Highlights
y ANTONY! WASTE Q3 & 9M FY25 Highlights
Slide 5: Key Milestones – Q3FY25
Key Milestones – Q3FY25 Sale of 23 million+ Units ~38,500 mt Green Units Refuse Derived Fuel generated through PCMC WTE Plant Impressive PLF of 3,334 Tonnes ~76% ` WTE plant in Pimpri Avoided tonnes achieved of CO2e 9,280+ Hours ~1.18 million+ Tonnes Hours of Training Tonnes of Waste Provided Manage
Slide 6: Operational Highlights – Q3 & 9M FY25
Operational Highlights – Q3 & 9M FY25 Q3 FY25 9M FY25 Waste Managed (MMT ) ~1.18 ~3.56 3% YoY 6% YoY ` Refuse Derived Fuel ~38,500 ~1,03,000 Sold (Tonnes) (18%) YoY (1%) YoY Compost Sold (Tonnes) ~6,400 ~16,600 100% YoY 98% YoY 5 Sustainability with Growth ….
Slide 7: Quarterly Highlights
Quarterly Highlights Total Revenue (₹ in Cr) EBITDA (₹ in Cr) PAT (₹ in Cr) 32 249 59 30 56 55 52 50 49 44 23 233 21 230 39 227 227 34 18 222 223 16 16 15 218 12 210 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY23 FY23 FY24 FY24 FY24 FY24 FY25 FY25 FY25 FY23 FY2
Slide 8: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (in ₹ Cr) Q3FY25 Q3FY24 Y-o-Y Q2FY25 Q-o-Q 9MFY25 9MFY24 Y-o-Y Revenue from MSW C&T 162.7 138.3 18% 140.9 15% 440.0 417.3 5% Revenue from MSW Processing 58.3 53.4 9% 59.1 -1% 178.9 153.1 17% Total operating Revenue 221.0 191.7 15% 200.0 10% 618.9
Slide 9: About Us
\ oe About Us
Slide 10: Committed to Sustainability with Growth
Committed to Sustainability with Growth Market Leader 35+ Leading >2 decades Completed & On-going Player in SWM Industry operational excellence projects +23 Operates Largest 111 million+ Green Units (1) ~2,360 Municipal Corps & Single location waste Since inception of the Vehicle fleet(2) conglomera
Slide 11: Our Journey
Our Journey 2000- 2002 2009- 2010 2015- 2018 2021- 2022 2021- 2022 Awarded 4 C&T projects by various Wins Kanjurmarg landfill Awarded a new C&T project for Inception of Antony Waste NMMC municipalities project Handling Cell Awarded a new Bio-mining First Project - Manual Sweeping Partn
Slide 12: End-to-end waste management capabilities
End-to-end waste management capabilities… Construction & Door to Door Transportation Segregation Management of Recycling Composting Waste to Energy collection Landfills Involves door to Strong C&T Segregation Manages largest Recyclables are Organic material is Handles ~1,000 TPD door collection of c
Slide 13: Revenue Contribution
Strategic Revenue Diversification • Door to door collection through primary collection vehicles Limited project & MSW C&T 62% • Transportation of waste to processing facility, transfer station or a landfill disposal site counter-party credit risk • Revenue calculation based on No. of trips/ Per tonn
Slide 14: De-Risked business model
De-Risked business model Factors de-risking the business model Number of Projects Revenue from Performance 24 C&T of MSW (₹ in Cr) 14 15 MSW Processing Staggered revenue stream 130 Contract & Others Projects diversified across 232 timelines 209 99 175 FY10 FY15 FY24 151 62 52 133 132 Operational de-
Slide 15: Our Strategy
Our Strategy Cluster based approach Rational Selection of WTE, Segregation and Bio for growth Projects For Expansion Mining • Traditionally we have followed cluster- • Experience, credentials & financial strength • WTE – Focus on waste to energy with based approach to bid for projects – makes us eli
Slide 16: One of the largest single location plant in Asia
One of the largest single location plant* in Asia Project Tenure Balance Tenure Currently handling waste per day We operate one of the largest single location waste 2010-2036 (26 years) ~13 Years ~6,000 Tonnes processing plants in Asia Customer • TPD of MSW: Capable of handling ~7,500 TPD • It is on
Slide 17: Maharashtra's 1st Integrated Waste-to-Energy Project
Maharashtra’s 1st Integrated Waste-to-Energy Project Inaugurated on August 1, 2023 by Project Tenure Shri Narendra Modi, Hon’ble Prime Minister of 2019-2040 India Integrated Project Processing of 1,000 Tonnes Per Day of Pre-processing, Composting, Power Municipal Solid Waste generation and Landfill
Slide 18: Proven Expertise in Project Execution
Proven Expertise in Project Execution Collection and Waste Processing & Construction and Mechanised Sweeping Transportation Disposal Demolition Waste Greater Noida Jaypee International Sports Jhansi Greater Noida CIDCO Mangaluru Mumbai – Borivali & Dahisar 25 Ongoing projects Nagpur Nagpur Nashik Na
Slide 19: Access to Technology Backed Vehicles & Equipment
Access to Technology Backed Vehicles & Equipment Collection and Transportation Technological Intervention Key equipment vendors Small Tipper 1,437 Electric Vehicle 133 Compactor 446 Waste processing technology Key Processes ⮚ Aerobic process using material recovery Experienced JV Partner for the fac
Slide 20: Promoters & Board of Directors
Promoters & Board of Directors Jose Jacob Kallarakal Ajit Kumar Jain Chairman & Managing Director Independent Director • >20 years' experience in waste management • Director of Environment Research Foundation • Majorly responsible for the business development • Holds Master’s degree in chemistry, Ag
Slide 21: Credit Rating
Credit Rating Amount Company Name Agency Rating Instrument (in Lakh) CARE BBB+; Stable 1,650 Working Capital Limits Antony Waste Handling Cell CARE Rating CARE A3+ 1,900 Bank Guarantee CARE BBB; Stable 4,200 Term Loan AG Enviro Infra Projects CARE Rating CARE BBB; Stable 2,700 Cash Credit CARE A3+ 3
Slide 22: Group structure
Group structure Lara Central De JV Partner Tratamento De Residuos LTDA, Brazil 27% 100% 100% 73% Kerzellion Facility Management Services Pvt. Ltd. 51% 49% ` 98% 2% Collection and Integrated waste transportation of waste Providing Waste Management facility Management Solutions Mechanical power to cor
Slide 23: Leading Player in Indian Municipal Solid Waste management Industry
All India Ranking as per Swachh Bharat Survey – 2023 Leading Player in Indian Municipal Solid Waste management Industry Ranking 3rd 14th 7th 13th 1st Navi Mumbai NOIDA New Delhi Pimpri Chinchwad Varanasi Category >1 Lakh >1 Lakh >1 Lakh >1 Lakh Cleanest Ganga Population Population Population Populat
Slide 24: Industry Dynamics
Industry Dynamics India’s Waste Management Industry has enormous growth potential On average India practices higher open dumping vs global average Waste Management Industry (FY22) Compost Recycled… Global Indian 10% Compost W2E 18% ₹ ₹ 13% 35,500 45 bn bn Landfill Size of Global Waste Size of Domest
Slide 25: Emerging areas of growth
Emerging areas of growth Biomethanation Population Waste Qty Approx. Capex Treatment option Products (‘000) (TPD) (₹ in lakh/TPD) o Anaerobic fermentation of bio-degradable waste in an enclosed space - generates methane rich bio-gas fuel and sludge, used for making compost o Like composting, biometh
Slide 26: An ESG Centric Business
An ESG Centric Business 25 Sustainability with Growth ….
Slide 27: Sustainable Synergy: Our Commitment to Environmental Stewardship
Sustainable Synergy : Our Commitment to Environmental Stewardship 1 2 3 4 5 6 7 At Kanjur, we Greenhouse Specialised Company and 64 Mn+ of Leachate Air Emissions make Refuse gases Fleet comply two of its Green Units treatment are within Derived Fuel captured from with latest material generated proce
Slide 28: People-First Principles: Fostering Social Growth and Inclusion
People-First Principles : Fostering Social Growth and Inclusion 1 2 3 4 5 6 7 Implementation POSH policy is >80% of our sites All our Responsible & CSR initiatives All sites adhere to of Regular implemented are having employees and Ethical Suppliers focused on best practices in Training on with 100%
Slide 29: Integrity in Leadership: Governing with Transparency and Accountability
Integrity in Leadership: Governing with Transparency and Accountability 1 2 3 4 5 6 Diverse 6- Audit, CSR, Vigil Mechanism/ Code of Conduct The Anti- There are no member Board, Nomination & Whistleblower for Board of Corruption and unresolved led by the Remuneration, Policy to facilitate Directors a
Slide 30: ESG Performance at Glance
ESG Performance at Glance Scope 1 Emission Scope 2 Emission Emissions Avoided •19,545 (tCO2e) •2,213 (tCO2e) •10,172 (tCO2e) Human Resource Gender Diversity Retention Rate •Staff – 1,084 •Staff - 5.44% •Staff – 94.81 % •Swachhta Warrior – 9,073 •Swachhta Warrior – 2.13% •Swachhta Warrior – 94.71% Tr
Slide 31: Historical Financial Highlights
Historical Financial Highlights
Slide 32: Consolidated Financial Highlights
Consolidated Financial Highlights PBT before exceptional item Revenue (₹ in Cr) EBITDA (₹ in Cr) & EBITDA Margin (%) (₹ in Cr) & PBT Margin (%) 896 877 30.0% 18.3% 22.5% 16.9% 27.1% 130 25.0% 12.2% 19.2% 14.7% 11.7% 113 232 167 202 667 140 168 85 102 130 109 209 71 99 175 481 465 151 52 62 FY20 FY21
Slide 33: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (₹ in Cr) FY24 FY23 FY22 FY21 FY20 Revenue from MSW C&T 557.5 468.4 417.2 297.3 269.0 Revenue from MSW Processing 208.6 174.5 150.8 131.9 133.2 Total operating Revenue 766.1 643.0 568.0 429.2 402.2 Contract & Others 130.4 232.2 98.7 51.5 62.4 Tota
Slide 34: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Assets (₹ in Cr) Mar-24 Mar-23 Mar-22 Mar-21 Mar-20 Equity & Liabilities (₹ in Cr) Mar-24 Mar-23 Mar-22 Mar-21 Mar-20 Non - Current Assets 1,059.2 893.0 618.5 481.2 475.8 Total Equity 718.4 616.8 532.7 442.6 299.9 Property Plant & Equipment 271.8 190.3 114.4 123.
Slide 35: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (₹ in Cr) Mar-24 Sep-23 Mar-23 Mar-22 Mar-21 Mar-20 Net Profit Before Tax 109.1 73.0 102.3 102.3 70.6 82.0 Adjustments for: Non -Cash Items / Other Investment or Financial Items 69.9 19.6 64.2 51.6 48.6 54.2 Operating profit before working capital changes
Slide 36: Annexures
Annexures
Slide 37: Quality Cum Cost Based Bidding Process
Quality Cum Cost Based Bidding Process ▪ Project area analysis ▪ Compliance with various covenants for project closure ▪ Feasibility study - Project report ▪ For projects on operation and maintenance basis, entire ▪ Key Execution & Admin. risks vehicle fleet is required to be returned to municipalit
Slide 38: Our Infrastructure at Kanjurmarg
Our Infrastructure at Kanjurmarg Material Recovery Facility Bio-reactor Landfill ` Gas Collection Composting 37 Sustainability with Growth ….
Slide 39: Our Infrastructure at PCMC Waste to Energy Plant
Our Infrastructure at PCMC Waste to Energy Plant Step 1 Step 2 Step 3 ` Step 4 Step 5 Step 6 38 Sustainability with Growth ….
Slide 40: Abbreviations
Abbreviations ▪ ALESPL: Antony Lara Enviro Solutions Private Limited ▪ SWM: Solid Waste Management ▪ AWHCL: Antony Waste Handling Cell Limited ▪ TMC: The Thane Municipal Corporation ▪ BN : Billion ▪ TPD: Ton / Day ▪ BLF: Bio-Reactor Landfill ▪ UMC: The Ulhasnagar Municipal Corporation ▪ C&T: Collect
Slide 41: Thank You!
Company: CIN: L90001MH2001PLC130485 Mr. Subramanian NG E: Investor.relations@antonywaste.in` www.antony-waste.com Investor Relations Advisor: CIN: U74140MH2010PTC204285 Mr. Jigar Kavaiya / Mr. Pratik Shah E: jigar.kavaiya@sgapl.net / p.s.shah@sgapl.net Thank You ! T: +91 9920602034 / +91 9870030585
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