MEP Infrastructure Developers Ltd. · NSE:MEP
MEP Infrastructure Developers — Investor Presentation (November 2017)
25 slides from MEP Infrastructure Developers's investor presentation, Nov 27, 2017
Slide 1: Company Presentation
INFRASTRUCTURE DEVELOPERS LTD,
Slide 2: Executive Summary
Header Goes Executive Here Summary • MEP Infrastructure Developers Ltd (MEP) group, is an integrated road infrastructure developer and is one of the Company CompanyOverview Overview leading players for HAM,OMT and Toll Collection projects in India. • Founded in 2002 by current promoters Mr Dattatray
Slide 3: Company Profile
Header Goes Company ProfileHere Revenue Mix – FY17 MEP has evolved into an integrated road Infrastructure developer, having operations in EPC, Toll collections & OMT projects together with its entry into construction with the win of six 3.70% LT, 10.50% major Hybrid Annuity Model (HAM) projects.
Slide 4: Diversified Project Portfolio and Geographical Presence
Header Goes Diversified Here Project Portfolio and Geographical Presence Current Portfolio Across Seven States In India Current Project Mix Long Short Location OMT Term Term HAM BOT Total Toll Toll Maharashtra 2 1 - 4 1 8 Delhi Tamil Nadu - - 1 - - 1 Gujarat - - - 2 - 2 Uttar Pradesh Uttar Pradesh -
Slide 5: Corporate Structure
Header Goes Corporate Here Structure MEP Infrastructure Developers Limited Long Term OMT Projects HAM Projects BOT Projects Other Subsidiaries / Associate Toll Collection Projects MIPL - MEP Infrastructure Arawali Kante MEP HS - MEP Highway Solutions Private Private Limited (99.99%) RTBPL - Rideema
Slide 6: Hybrid Annuity Model (HAM)
Header Hybrid GoesModel Annuity Here (HAM) HAM projects require initial capex wherein 60% of project cost is financed by the developer and is to be recovered as bi-annual payments from the authorities over 15 years. Out of total project cost, the balance 40% is invested by the government during th
Slide 7: Operate-Maintain-Toll (OMT) Projects
Header Goes Here Operate-Maintain-Toll(OMT) Projects OMT projects do not require any initial capex but have a maintenance responsibility. The concessionaire is not required to provide Upfront payment to Authority(NHAI). Payment to Authority is an operational expense and needs to be paid from toll ca
Slide 8: Long Term & Short Term Toll Collection Projects
Header Long TermGoes Here & Short Term Toll Collection Projects Long Term & Short Term Toll projects do not require any initial capex and have no maintenance responsibility. The concessionaire is not required to provide Upfront payment to Authority under NHAI. The concessionaire may be required to m
Slide 9: Project Time-lines
Header Project Goes Here Time-lines Hybrid Annuity Model Operate Maintain Toll Construction Period Annuity Period Mahuva Kagavadar Mumbai Entry Points Talaja Mahuva Nagpur Package II Rajiv Gandhi Sea link Nagpur Package I Kante Wakad Hyderabad- Banglore Arawali Kante Short Term Toll Long Term Toll K
Slide 10: Consolidated P&L Statement as per Ind-AS
Header GoesP&L Consolidated Here Statement as per Ind-AS Particulars FY17 (INR Mn) FY16 (INR Mn) FY17 (USD Mn) FY16 (USD Mn) YoY% Total Revenues from Operations 17,291 19,052 266.7 293.8 (9.2)% Other Income 864 757 13.3 11.7 14.1% Operating and Maintaining Expenses 3,280 2,600 50.6 40.1 26.2% Employ
Slide 11: Consolidated Balance Sheet as per Ind-AS
Header GoesBalance Consolidated Here Sheet as per Ind-AS FY17 FY16 FY17 FY16 FY17 FY16 FY17 FY16 Particulars Particulars (INR Mn) (INR Mn) (USD Mn) (USD Mn) (INR Mn) (INR Mn) (USD Mn) (USD Mn) Equities & Liabilities Assets Shareholder's Funds Non-Current Assets Share Capital 1,626 1,626 25.1 25.1 Fi
Slide 12: Market Performance
HeaderMarket Capital Goes Performance Here MEP Price Performance Market Data (As on 30.09.2017) MEP Infra SENSEX Share Price (INR) 100.9 250% INR 16,094 200% Market Capitalization (Mn) (USD 248.2) 150% No. of shares outstanding (Mn) 162.6 100% Face Value (INR) 10.0 50% 52 week High-Low (INR) 150.0 –
Slide 13: Key Strengths
Header Key Goes Here strengths One of the Leading players for HAM, Tolling and OMT projects Positioned for capitalizing 1 dynamic Road sector 5 opportunities Robust order-book, healthy INVESTMENT RATIONALE 2 Revenue & Profit visibility over next 5 years Experienced management, 4 strong execution tea
Slide 14: One of the Leading Players for HAM, Tolling and OMT Projects
Header 1. One of Goes Here Players for HAM, Tolling and OMT projects the Leading HAM Projects Awarded Till Date Emerged as one of the leading players in HAM 6 NHAI / MoRTH has awarded 56 HAM Projects in the last two years. An aggregate MEP of 39 infrastructure players participated in bidding of the
Slide 15: Robust Order-book, Healthy Revenue & Profit Visibility
Header 2. Robust Goes Here healthy Revenue & Profit visibility over next 5 years order-book, MEPIDL Tolling EPC Healthy Pipeline of tolling projects Robust EPC order-book INR 33,685+ Mn (519.5 Mn) as Total toll collected during FY17 was at INR 13,880 Mn on 30th Sep 2017 which is expected to be
Slide 16: Integrated Structure with In-house Capabilities
Header 3. Goes Integrated Here with in-house capabilities Structure In-house business development team prepares tendering documents for all the bids. Tendering Company’s ability to tender appropriately depends significantly on the assessment of the future traffic patterns and the amount of toll
Slide 17: Experienced Promoters and Board of Directors
Header 4a. Goes Here Experienced Promoters and Board Of Directors Name & Designation Experience Dattatray P. Mhaiskar Founding Director and Promoter of the Company Chairman, Non Independent Holds a Diploma in Civil Engineering from Sir Cursow Wadia Institute of Electrical Technology, Pune and No
Slide 18: Key Management
Header 4b. Goes Here Team Key Management Name & Designation Experience Uttam Pawar Bachelor’s degree in Commerce from Shivaji University, Kolhapur with over 25 years of experience in tolling business Chief Tolling Officer Previously associated with Ideal Road Builders Private Limited Sameer Apte
Slide 19: Strategic Relationships
Header 4c. Goes Strategic Here Relationships Collaboration with Sanjose India ….Won 6 HAM Projects so far Marquee Projects by Sanjose LOUVRE ABU DHABI MUSEUM SANJOSE is a diversified global company present in over twenty countries around Europe, America, Asia and Africa. Its main business lines ar
Slide 20: Positioned for Capitalizing Dynamic Road Sector Opportunities
Header 5a. GoesFor Positioned Here Capitalizing Dynamic Road Sector Opportunities • The total length of the National highways is expected to cross ~200,000 km in next 5 years. a) A total 83,677 km of roads will be built till 2022, which includes about 34,800 km covered under Bharatmala programme Sec
Slide 21: Bharatmala Project
Header 5b. Goes Here Bharatmala Project The project Intends to remove bottlenecks in key economic corridors and provide holistic connectivity Development of ~51,000 km of road length with total investment of ~ INR 10.0 Tn (USD 154.2 Bn) The Union Cabinet approved Phase 1 of the project in invo
Slide 22: Annexure - Evolving Trend in Project Awards
Header AnnexureGoes Here Trend in Project Awards - EPC vs BOT vs HAM - Evolving Length Awarded On EPC, BOT and Hybrid - Annuity Formats (In Km) 6,400 5,058 3,065 3,360 3,160 2,364 2,423 1,608 1,390 1,485 1,145 1,116 1,244 643 703 873 345 221 347 422 89 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY
Slide 23: Annexure - Indian Road Sector On Revival Path
Header Goes Annexure HereRoad Sector On Revival Path – Key Growth Drivers - Indian Significant Pickup In New Projects Highway Projects Awarded by NHAI (km) 10,000 6,400 5,058 4,331 3,810 3,067 1,116 1,465 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 The total length of the National highways is expected
Slide 24: Annexure - PPP Models In The Road Sector
Header Goes Annexure Here - PPP Models In The Road Sector Private Public Partnership (PPP) Framework Government has recognized the need to engage with the private sector to achieve the following objectives: Harness private sector efficiencies in asset creation, maintenance and service delivery
Slide 25: Disclaimer
Header Goes Here Disclaimer MEP infrastructure Developers Ltd. Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such in
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