Ashoka Buildcon Limited · NSE:ASHOKA
Ashoka Buildcon — Q3 FY25 Earnings Presentation
27 slides from Ashoka Buildcon's earnings presentation, February 2025
Slide 1: Investor Presentation
Investor Presentation February 2025
Slide 2: Safe Harbor
Safe Harbor This presentation has been prepared by and is the sole responsibility of Ashoka Buildcon Limited (the “Company”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. This presentation does not constitute or form part of any offer or invitation or in
Slide 3: Q3 & 9M FY25 Business & Financial Highlights
Q3 & 9M FY25 Business & Financial Highlights
Slide 4: Key Updates
Key Updates Sale/Disposal Of Stake In Subsidiaries Of Ashoka Concessions Limited (ACL) • Ashoka Concessions Limited, a subsidiary of the Company has entered into share purchase agreements with Indian Highways Concessions Trust inter alia for divestment of its five subsidiaries - Ashoka Highways Bhan
Slide 5: Key Order Updates from 1st October 2024 till date
Key Order Updates from 1st October 2024 till date Receipt of Provisional Certificate (COD) for NHAI Project in October 2024 • The Project is executed by Ashoka Baswantpur Signodi Road Private Limited (SPV), a Wholly Owned Subsidiary of the Company. The SPV has received a Provisional Certificate for
Slide 6: Key Order Updates from 1st October 2024 till date
Key Order Updates from 1st October 2024 till date Receipt of Letter of Acceptance (LOA) for BMC Project in October 2024 • Company has received LOA for the BMC project of construction of Flyover Arm-1 Arm-2 at T Junction on Sion Panvel Highway Maharashtra Nagar in M/E Ward with project value of Rs. 1
Slide 7: Q3 & 9M FY25 Standalone Financial Performance Highlights
Q3 & 9M FY25 Standalone Financial Performance Highlights Total Revenue (Rs Crs.) EBITDA (Rs Crs.) EBITDA Margins (%) Profit after Tax (PAT) + 80 bps -30% -16% -9% Q3 FY25 2,162 205 10.3% 87 187 9.5% 1,816 61 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 -3% +4% + 60 bps -21% 9M FY2
Slide 8: Debt Profile
Debt Profile Consolidated Debt (Rs. Crs.) Cash & Bank Balance Break up (Rs. Crs.) Standalone Debt Project Debt Incl ACL Debt Standalone Cash & Bank Balance Consolidated Cash & Bank Balance 6,978 7,200 6,920 7,139 6,847 816 988 1,118 1,103 1,143 1,466 538 442 393 426 5,990 6,082 5,996 257 277 5,818 5
Slide 9: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (Rs. Crs.) Q3 FY25 Q3 FY24 Y-o-Y Q2 FY25 Q-o-Q 9M FY25 9M FY24 Y-o-Y Revenue from Operations 1,792.0 2,133.5 -16% 1,417.6 26% 5,086.6 5,226.8 -3% Other Income 23.7 28.5 41.3 88.8 82.2 Total Revenue 1,815.7 2,162.0 -16% 1,458.9 24% 5,175.4 5,309.0 -3% Op
Slide 10: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Crs.) Q3 FY25 Q3 FY24 Y-o-Y Q2 FY25 Q-o-Q 9M FY25 9M FY24 Y-o-Y Revenue from Operations 2,387.9 2,657.1 -10% 2,488.9 -4% 7,342.2 6,746.6 9% Other Income 38.5 41.8 40.1 107.8 120.8 Total Revenue 2,426.4 2,698.9 -10% 2,529.0 -4% 7,450.0 6,867.4 8%
Slide 11: Company Overview
ASHOKA Ashoka Buildcon Ltd. Company Overview
Slide 12: Ashoka Buildcon – Legacy of Excellence
Ashoka Buildcon – Legacy of Excellence 45+ YEARS of INR 16,457 Crs.* 10,000+ members experience in Current Order Book as in Ashoka Family construction industry on 31st December 2024 14,000 LANE Kms. 30,000 Villages of highway constructed illuminated through Power T&D projects CRISIL RATINGS 5 Year C
Slide 13: ABL - Business Structure
ABL - Business Structure Ashoka Buildcon Limited Ashoka Concessions Limited (ACL) (ABL owning 66% Stake, Balance with SBI Macquarie) ABL Own Projects % Stake HAM Projects % Stake Mudhol Nipani (BOT Annuity) 100% Kharar Ludhiana 100% Bagewadi Saundatti (BOT Annuity) 100% Ranastalam Anandpuram 100% Hu
Slide 14: Order Book as on 31st December 2024
Order Book as on 31st December 2024 Segment Breakup Region Breakup Client Breakup Overseas Central Govt Private Client 8.0% 1.9% 8.0% 13.5% North 17.1% 3.6% 23.7% 6.3% 1.2% South HAM 12.5% Road EPC East Road HAM 2.5% West 13.1% 3.4% 57.9% Building EPC Central Railways 12.4% North East State Govt Pow
Slide 15: Current Order Backlog
Current Order Backlog Segment Rs. Crs. Segment Rs. Crs. Road 11,682 Tumkur-Shivamoga IV, Karnataka 255 Baswantpur to Singnodi 38 Other EPC Projects 4,775 Tumkur-Shivamoga III, Karnataka 73 Tumkur - Shivamoga II, Karnataka 56 Rajasthan 55 HAM Tumkur - Shivamoga I, Karnataka 39 2,020 Jammu & Kashmir 7
Slide 16: HAM Project Portfolio
HAM Project Portfolio All figures in Rs Crs. As per Financial Closure As per Actuals PIM Projects % Stake Estimated Estimated Grant Equity PIM Total Debt No. of Status TPC Est. Grant Est. Contribution (As on 3 th September 2024) (ACL/ABL) Equity Debt Received Invested Received Drawn Annuity Due Est.
Slide 17: BOT Project Portfolio
BOT Project Portfolio All figures in Rs Crs. Projects (Rs. Crs.) Concession Contract Ending Debt as on % Stake State / Client Lane / Lanes Kms Type Signing Date Grant/ Premium (As on 30 th September 2024) Period Date 31st Dec 2024 ACL Projects Premium of Rs. Rs. 31 Cr BOT (Toll), Belgaum Dharwad 100
Slide 18: Gross Toll Collection
Gross Toll Collection ACL Projects (Rs Crs.) Q3 FY25 Q3 FY24 Y-o-Y Q2 FY25 Q-o-Q 9M FY25 9M FY24 YOY Belgaum Dharwad 31.6 35.5 -11% 29.6 7% 93.1 103.4 -10% Dhankuni Karagpur 134.9 130.0 4% 132.2 2% 398.9 378.7 5% Bhandara 30.8 30.0 3% 28.8 7% 90.6 84.2 8% Durg 36.9 35.1 5% 34.1 8% 107.7 98.0 10% Jao
Slide 19: Toll Collection
Toll Collection ACL Projects Company Project Period FY21 FY22 FY23 FY24 FY25 % Rise Q1 11.8 18.9 33.9 35.2 31.9 -9.5% Q2 20.1 25.1 31.3 32.7 29.6 -9.4% Ashoka Belgaum Belgaum Dharwad Q3 27.7 29.8 34.0 35.5 31.6 -11.0% Dharwad Tollway Ltd. Project Q4 29.3 30.5 35.8 34.4 88.9 104.3 135.0 137.8 Q1 53.6
Slide 20: Toll Collection
Toll Collection ACL Projects Company Project Period FY21 FY22 FY23 FY24 FY25 % Rise Q1 22.5 36.8 49.1 57.5 59.6 3.7% Q2 42.4 45.2 51.2 56.3 62.0 10.0% Jaora - Nayagaon Toll Jaora – Nayagaon Q3 44.9 43.7 52.4 54.4 64.0 17.8% Road Company Pvt Ltd. Road Project Q4 45.5 46.7 54.3 58.4 155.4 172.5 207.1
Slide 21: Top Executive Management
Top Executive Management Mr. Ashok Katariya Mr. Satish Parakh Mr. Sanjay Londhe Mr. Ashish A. Kataria Mr. Paresh Mehta Chairman Managing Director Whole Time Director Whole Time Director Chief Financial Officer • In 1976, Mr. Katariya laid the • Mr. Parakh’s association • Mr. Londhe heads the • Mr. A
Slide 22: Experienced Board of Directors
Experienced Board of Directors Mr. Ashok Katariya Mr. Satish Parakh Mr. Sanjay Londhe Mr. Ashish Kataria Chairman Managing Director Whole Time Director Whole Time Director Mr. Mario Nazareth Mr. Nikhilesh Panchal Mr. Mahendra Mehta Ms. Shilpa Hiran Independent Director Independent Director Independe
Slide 23: Current Signature Project - Mopa Airport Link Road, Goa
Current Signature Project - Mopa Airport Link Road, Goa MOPA AIRPORT LINK ROAD – GOA Project Length : 6.58 km with elevated portion of 4.4 km • A new airport for Goa has been built near village Mopa. At present the connectivity to the airport is through existing village road. However, being an inter
Slide 24: Signature Projects showcasing Project Execution Capabilities
Signature Projects showcasing Project Execution Capabilities India’s First 8 Lane Extra Dosed Cable Stayed Bridge Built in 33 Months • Despite flood situations in 2 consecutive years and the pandemic, team Ashoka completed this prestigious 8 lanes bridge across Narmada river in Gujarat in Record tim
Slide 25: Marquee Clients
Marquee Clients ….and many more 25 Developing Infrastructure for Better Tomorrow
Slide 26: Awards & Recognition
Awards & Recognition Construction Times Awards 2023 Best Executed Bridge Project Award Achievement of Safety Health and Environment (Panagrah Palashit Road Project) CIA Construction & Infrastructure Awards Best Company in Bridges for Excellence in Construction of Superstructures Safe-Tech Award Most
Slide 27: THANK YOU
THANK YOU Company: Ashoka Buildcon Limited Investor Relations: Strategic Growth Advisors (SGA) CIN: L45200MH1993PLC071970 CIN: U74140MH2010PTC204285 Mr. Paresh Mehta (CFO) Mr. Deven Dhruva / Mr. Jigar Kavaiya paresh.mehta@ashokabuildcon.com deven.dhruva@sgapl.net / jigar.kavaiya@sgapl.net Tel: 0253