Welspun Enterprises Ltd. · NSE:WELENT
Welspun Enterprises — Investor Presentation (January 2023)
34 slides from Welspun Enterprises's investor presentation, Jan 31, 2023
Slide 1: Cover letter to stock exchanges
WEL/SEC/2023 January 31, 2023 To, BSE Limited National Stock Exchange of India Limited 1st Floor, Rotunda Bldg, Exchange Plaza, C-1, Block-G, Dalal Street, Fort, Bandra Kurla Complex, Bandra (East), Mumbai - 400 001. Mumbai - 400 051. Scrip Code: 532553 NSE Symbol: WELENT Dear Sir/Madam, Subject: In
Slide 2: Welspun Enterprises Limited Investor Presentation
WELSPUN ENTERPRISES LIMITED BSE: 532553 | NSE: WELENT |ISIN: INE625G01013 Investor Presentation January 2023
Slide 3: Safe Harbor
Safe Harbor The information contained in this presentation is provided by Welspun Enterprises Limited (the “Company”). Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is subject to
Slide 4: Welspun Enterprises At a glance
Welspun Enterprises At a glance PAN INDIA DIVERSIFIED ASSET LIGHT STRONG PRESENCE PORTFOLIO MODEL EXECUTION Across UP, Bihar, Specialise in Road, Operational excellence Tamil Nadu, Haryana, Water and Wastewater through committed partners Record completion time Maharashtra and and recycling of capita
Slide 5: Creating Value through a Clear Strategy
Creating Value through a Clear Strategy Bid for selective projects Leverage knowledge Deploy right mix of contractors & support them for seamless ▪ Lower competition ▪ Moving towards external orders (strengthening EPC) execution ▪ Better IRRs ▪ Better EPC margin ▪ Reduce execution risk ▪ Ease of exe
Slide 6: Advantage WEL
ADVANTAGE WEL
Slide 7: Proven track record
Proven track record ₹ 39,000+ Mn Delhi Meerut Expressway ~570 km Experience of operating ~70 km Welspun Enterprises’ completed ~570 km of Toll projects portfolio includes the Delhi–Meerut Robust road portfolio Expressway / National Expressway 3 which was featured as an Engineering Capability to exec
Slide 8: Strong platform set for future growth
Strong platform set for future growth Robust portfolio of Road Current order ₹ 1,08,410 Mn* and Water projects book at (excluding GST) Segment Break-up Order Book Break-up 43% 80% ROAD EXTERNAL 57% WATER CAPTIVE 20% Current Order Book provides strong revenue growth visibility * As on December 31 st,
Slide 9: Way forward
Trends towards Diversification Trends in Order Book Break-up WEL Portfolio (in ₹ Mn) Other EPC of Water EPC, HAM , 1,08,410 EPC, 90,490 4% 17.5% 57.3% EPC of FY17 Q3 FY23 BOT, 39,000 2.1% EPC of Road EPC, HAM , 23.1% Development EPC* Development (Divested) 96% Way Continue approach of prudent bid Wa
Slide 10: Continuous Focus on Value Creation
Continuous Focus on Value Creation De-risked execution model Focused on Strong presence across segments: Building High-Value High- Value unlocking Execution Development (HAM & BOT) and EPC Margin Projects from assets excellence with Diversified roads & Water Completed Projects – ready to Low Leverag
Slide 11: Through an experienced Management
Through an experienced Management Sandeep Garg Lalit Jain Neeraj Gupta Yogen Lal Rajesh Jain Managing Director Senior Vice Vertical Head Vertical Head Chief Human Resource President - Finance (ROADS) (Water) Officer ▪ Harvard graduate with ▪ ICWA: Costing & ▪ 24 years of experience in ▪ Civil engine
Slide 12: Robust Financial Metrics
Robust Financial Metrics Revenues EBITDA Net Debt/ (Net Cash) / Equity (x) 0.24 0.22 0.11 0.04 0.02 0.02 48% 5 years Revenue CAGR 18,524 17,600 13,069 17,394 -0.69 14,102 9,972 2,916 2,589 1,844 2,567 1,978 1,801 1,819 785 FY17 FY18 FY19 FY20 FY21* FY22* 9MFY23 FY17 FY18 FY19 FY20 FY21 FY22 9MFY23 F
Slide 13: Favorable Industry Dynamics
Favorable Industry Dynamics NHAI Bharatmala Central Road Budget 2022 ~₹ 1.99 tn ~₹ 1,340 bn Pariyojana Fund 550 68% In FY22 133% In FY22 Districts 19 % Vision 2025 (NH Linkages) for Roads Total expenditure on Allocation towards To optimise efficiency of Increase in allocation for the Ministry of Roa
Slide 14: Industry dynamics - Roads Sector
Industry dynamics - Roads Sector Attractive Opportunities & Strong Policy Road Construction NHAI Awards and support Per Day (km) Execution (km)* 18,000 18% 6,306 Km 18% of projected infrastructure 4,788 National Highways to expand by 50 investment of ₹111 trillion in 18,000 km in 2022-23 4,325 4,218
Slide 15: Industry dynamics - Water & Wastewater Sector
Industry dynamics - Water & Wastewater Sector Urban Water & Sanitation - ₹ 12.6 tn capital expenditure to be Households with piped-water Additional supply in rural areas ₹ 3.3 tn spent in building Water Infrastructure (I N %) ₹ 600 bn (₹ TN) Will be spent in building Water Infrastructure Allocated f
Slide 16: Financials
Financials
Slide 17: Highway Portfolio Monetization - Actis Deal
Highway Portfolio Monetization - Actis Deal Contract Authority In ₹ mn Project Name Status Type /Client 23,090 Delhi-Meerut Expressway (Pkg 1) HAM NHAI COD achieved 17,150 1.5x Chutmalpur-Ganeshpur HAM NHAI COD achieved Gagalheri-Saharanpur-Yamunanagar HAM NHAI COD achieved Chikhali-Tarsod HAM NHAI
Slide 18: Income Statement Snapshot - Standalone
Income Statement Snapshot - Standalone Particulars (₹ Mn) Q3 FY23 Q3 FY22 YoY % 9M FY23 9M FY22 YoY % Revenue from Operations 6,684 2,155 210% 18,524 8,397 121% Other Income 118 95 24% 390 274 42% Total Income 6,802 2,251 202% 18,914 8,671 118% EBITDA 774 223 247% 1,844 974 89% EBITDA margin 11.4% 9
Slide 19: Income Statement Snapshot - Consolidated
Income Statement Snapshot - Consolidated Particulars (₹ Mn) Q3 FY23 Q3 FY22 YoY % 9M FY23 9M FY22 YoY % Total Income 7,168 2,375 202% 19,852 9,053 119% EBITDA 929 276 237% 2,249 1136 98% EBITDA margin 13.0% 11.6% 135 bps 11.3% 12.6% (122) bps PBT Before Exceptional Item 587 27 2,110% 1,322 399 231%
Slide 20: Welspun Group and CSR
Welspun Group and ¢e _S@GSR 4
Slide 21: Welspun Group overview
Welspun USD 2.3 Bn USD 1.0 Bn 9 26,000+ Manufacturing Group Group Revenue Group Assets Workforce Net Fixed Assets Facilities in India, USA, and Saudi Arabia overview Global leader in Home Amongst world’s Robust portfolio of Integrated Grade-A Textiles largest Line-Pipe Roads & Water Infra Warehousin
Slide 22: CSR initiatives
CSR EDUCATION ENVIRONMENT EMPOWERMENT initiatives Our social mission is enshrined within the 3Es i.e. Education, Empowerment and Environment & Health Project Gyankunj Project Model Village Welspun Super Sports Women To enhance the teaching & learning To create a sustainable rural To identify and sup
Slide 23: Awards, Accreditation & Accolades
Awards, Accreditation & Accolades Appreciation by Letter of appreciation by Prime Minister of “Gold award” in excellence in Project Shri Nitin Gadkari, Union Minister India Shri Narendra Modi Management under PPP mode from MORTH Letter of appreciation by Fastest Growing Company – Annual Honorable Pa
Slide 24: Appendix - Infrastructure Portfolio
APPENDIX Infrastructure Portfolio Existing Projects 1 HAM: Aunta - Simaria (Ganga Bridge with Approach Roads) 2 HAM: Sattanathapuram – Nagapattinam 3 EPC: Varanasi Aurangabad NH2 Project 4 EPC: UP State Water and Sanitation Mission 5 EPC: Dharavi Wastewater Treatment Facility (Mumbai) 6 BOT: Dewas W
Slide 25: Diversified Infrastructure Portfolio
Diversified Infrastructure Portfolio Project Names Contract Type Authority / Client Status Aunta-Simaria HAM NHAI Under Execution Road Assets Sattanathapuram-Nagapattinam (SNRP) HAM NHAI Under Execution Varanasi Aurangabad NH2 Project (VARP) EPC SIVAPTL Under Execution Water/ Dewas Water BOT MPSIDC
Slide 26: HAM Project details: Aunta-Simaria
HAM Project details Aunta-Simaria Project Length (Kms) Acquisition Date 08.15 Km Aug 2018 (Ganga Bridge with Financial Closure Achieved Approach Roads) Appointed Date Scheduled Construction Period 30th Aug 2018 42 Months^ Concession Period after COD 15 Years SCOPE Six- Laning from Aunta-Simaria ^ EO
Slide 27: HAM Project details: Sattanathapuram-Nagapattinam
HAM Project details Sattanathapuram- Project Length (Kms) Award Date 55.755 Km July 2018 Nagapattinam Financial Closure Achieved (SNRP) Appointed Date Scheduled Construction Period 5th Oct 2020 24 months^ Concession Period after COD 15 Years SCOPE 4 laning of Sattanathapuram to ^ EOT up to September
Slide 28: EPC Project details: Varanasi Aurangabad NH2
EPC Project details Varanasi Aurangabad Project Length (Kms) 192.4 NH2 Project Original Contract Commencement Date 30th Sep 2021 (VARP) Construction Period 24 Months Additional Contract SCOPE Construction Start Date May 2022 Six laning of Varanasi – Aurangabad section of NH-2 from Construction End D
Slide 29: EPC Project details: UP State Water and Sanitation Mission
EPC Project details UP State Water and Project Scope Water Supply to Villages Sanitation Mission Est aggregate contract value ₹ 25,000 Mn SCOPE Rural Water Supply project under Jal Jeevan Mission by State Water S No. Revenue District No of Sanitation Mission UP, scope Division Villages includes Surv
Slide 30: Rs 25,000 Mn worth order under execution
₹25,000 Mn worth order under execution Lead Partner in Joint Venture Empanelled by the UP-State Execution of EPC Projects of with Kaveri Infraprojects Limited, Water and Sanitation Mission, 2,544 villages for the Project of Hyderabad 70 : 30 Namami Gange and Rural Water Survey, Design, Preparation o
Slide 31: EPC Project details: Wastewater Treatment Facility Mumbai
EPC Project details Wastewater Treatment 60 Months for Design Build, Facility - Mumbai Contract period 15 years of operation and maintenance Sewage Disposal Welspun Enterprises 80% Project share in JV SCOPE Design, Build, Operation and Maintenance of 418 MLD Dharavi Status Wastewater Treatment Facil
Slide 32: BOT Dewas Water
BOT Dewas Concession Sector Project Name Location COD End Water Water Supply Dewas Water* MP Apr-20 Jun-37 *Dewas Water – Modified Project ▪ Modified project involves the supply of treated water of up to 23 MLD to industrial customers in Dewas ▪ FY22 revenue stands at ₹110 mn with EBITDA of ₹59 mn W
Slide 33: Investment in Oil & Gas blocks
Investment Block Name Location AWEL WEL Status in Oil & Gas Stake Effective Stake MB-OSN-2005/2 Mumbai 100.0% 35.0% AWEL drilled a well and had made a hydrocarbon blocks: Offshore discovery wherein three layers have proven to be gas bearing, two layers have flown good amount of gas to surface. A dis
Slide 34: For further details please contact
Thank You For further details please contact CORPORATE OFFICE WELSPUN ENTERPRISES LIMITED Welspun House, 5th Floor, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, India E-mail: investorrelations_WEL@welspun.com Mr Salil Bawa, Head – Group Investor Relations INVESTOR RELAT
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