Il&fs Transportation Networks Limited · NSE:IL&FSTRANS
Il&fs Transportation Networks — Q1 FY17 Earnings Presentation
34 slides from Il&fs Transportation Networks's earnings presentation, Sep 13, 2016
Slide 1: IL&FS Transportation Networks Limited Analyst Presentation – September 2016
IL&FS Transportation Networks Limited Analyst Presentation – September 2016 September 13, 2016 CIN - L45203MH2000PLC129790
Slide 2: Disclaimer
Disclaimer This presentation has been prepared solely by IL&FS Transportation Networks Limited (“ITNL”) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or s
Slide 3: In this presentation…
In this presentation… — Company Overview — Toll and Annuity Collection on Operational Projects — Key Highlights — IL&FS – Strong Parentage — Key Competitive Strengths — Board of Directors — Segment Overview — Road Projects — Portfolio – Road Projects — Glossary — Portfolio – Metro Rail & Border Chec
Slide 4: Company Overview
Company Overview § IL&FS Transportation Networks Limited (ITNL) is a leading surface transportation infrastructure company and the largest private sector BoT road Jammu & Kashmir operator (in terms of lane kilometer) in India* PAN India presence with § ITNL has a pan India presence with projects in
Slide 5: Key Highlights
Key Highlights BUSINESS § Received 2nd Provisional Completion Certificate for additional 22 km for Sikar Bikaner Highway Limited which entitles to collect toll at 98.77% against 89% § Financial Closure achieved for JRPICL – RRR Section VIII with a total project cost of Rs. 640 Crores § Divested 15%
Slide 6: Key Competitive Strengths
Key Competitive Strengths Market Leadership in the surface transportation infrastructure sector backed by expansion into new sub sectors • With around 14,699 lane kms spread over 31 projects in our road assets portfolio • Operational portfolio of 10,542lane kms of highways from 22 projects • Forays
Slide 7: Portfolio: Road Projects
Portfolio: Road Projects • Diverse BOT portfolio of 31 road projects covering 14,699 lane km spread across several states in India Kiratpur Ner • Diverse mix of “Annuity / assured payments” and “Toll” based projects in various stages of development Chowk FGEL@@ GRBDC@ Barwa Adda (ROB) ACEL@@ Commiss
Slide 8: Portfolio: Metro Rail & Border Check Post
Portfolio: Metro Rail & Border Check Post Gurgaon MetroRail Link: n Awarded by Haryana Urban Development Authority (HUDA) through Concession Agreement dated December 09, 2009 n Metro link from Delhi metro Sikanderpur station to NH-8 in Gurgaon – around 4.9 km n Concession period of 99 years n Starte
Slide 9: Road Sector Opportunity
Road Sector Opportunity ~11,726 km of awards pending under NHDP – to be substantially executed under PPP • India’s road network increased to 4.2 million km from 3.3 Program To be awarded (in Km) million km NHDP-III 1,642 • Only 25% of National Highways are four/six/eight lane • Infrastructure invest
Slide 10: Project Pipeline
Project Pipeline As on September 07, 2016 BID PIPELINE RFP Stage (Post Qualification) RFQ Stage (Pre Qualification) Projects Length (km) Cost (INR Cr) Projects Length (km) Cost (INR Cr) NHAI 6 251 5,990 1 124 7,523 State 8 1,586 14,212 2 99# 6,264 NHIDCL 1 14 9,090 CMRL/ East Coast 2 67 1,476 1 259
Slide 11: ITNL's Order Book: Composition & Spread
ITNL’s Order Book: Composition & Spread Order book – Project Type Order book – Geographic Spread Jammu & Kashmir 25.86% 6% Road- Annuity 30% Himachal Haryana Pradesh 3.96% 8.83% Road- Toll Meghalaya 0.33% 64% Rajasthan 7.69% Non Road Gujarat 1.79% Order book – Sourcing Jharkhand & W.Bengal Madhya Pr
Slide 12: Profit & Loss Accounts Highlights
Profit & Loss Accounts Highlights (All figures in INR Crore) Standalone Key Parameters Quarter ended Quarter ended % Change June 30, 2016 June 30, 2015 Revenue 937 905 4% Other Operating Income 325 178 83% EBITDA 374 252 48% EBITDA Margin 29% 23% Interest 331 281 18% Depreciation 2 2 -7% Profit Befo
Slide 13: Profit & Loss Accounts Reconciliation
Profit & Loss Accounts Reconciliation (All figures in INR Crore) Reconciliation between financial results previously reported (referred to "Previous GAAP") under Ind AS is as under: Quarter ended Particulars June 30, 2015 (Unaudited) Net profit (after tax) under previous GAAP 35.74 Dividend on Prefe
Slide 14: Standalone Revenue & Expenses
Standalone Revenue & Expenses Revenue Expenses (in INR Crore) (in INR Crore) 1,400 1400 1,200 1200 325.00 1,000 178.00 1000 18 57.55 800 156 800 41.36 104.56 67.26 600 600 400 884 400 794.37 724 665.76 200 200 - 0 Quarter ended June 30, 2016 Quarter ended June 30, 2015 Quarter ended June 30, 2016 Qu
Slide 15: Revenue Collection on Operational Road Projects
Revenue Collection on Operational Road Projects Average Daily Not Toll Collection adjusted for ITNL’s stake (All figures in INR Cr) Toll Projects under Operation In Q2 FY 16 In Q3 FY 16 In Q4 FY 16 In Q1 FY 17 Ahmedabad Mehsana Road (Gujarat) 0.23 0.23 0.26 0.27 Vadodra Halol Road (Gujarat) 0.11 0.1
Slide 16: BOT Toll Revenue Growth
BOT Toll Revenue Growth (INR in Crore) Toll Revenue Sr.No Name of the Project 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 start date Ahmedabad Mehsana Road 1 Feb-03 (Gujarat) 75 85 104 107 108 120 129 2 Vadodra Halol Road (Gujarat) Oct-00 3 Noida Toll Bridge (UP) Feb-01 71 70 77 89 99 10
Slide 17: IL&FS - Strong Parentage
IL&FS - Strong Parentage IL&FS Overview § Incorporated in 1987 as a JV between the Central Bank of India (CBI), Our Parent Shareholding IL&FS Shareholding Housing Development Finance Corporation Limited (HDFC) and Unit Trust of India (UTI) to commercialize infrastructure projects and work with publi
Slide 18: Experienced Board of Directors
Experienced Board of Directors Independent Directors Non-Independent Directors Name Designation / Background Name Designation Mr Deepak Mr Ravi Chairman; Former Chairman, NHAI Chairman, IL&FS Dasgupta Parthasarthy Mr Hari Sankaran Vice Chairman and MD, IL&FS Mr RC Sinha Former Vice Chairman & MD, Ma
Slide 19: Key Managerial Personnel
Key Managerial Personnel K. Ramchand • He has over 32 years of experience in urban and transport infrastructure development sector Managing Director Mukund Sapre • He has over 28 years of experience in the industry Executive Director Harish Mathur Technical Director • Has over 33 years of experience
Slide 20: Road Projects
Road Projects
Slide 21: Projects Under Operation
Projects Under Operation North Karnataka West Gujarat Expressway Vadodara Halol Toll Road Ahmedabad - Mehsana Name of Project Noida Toll Bridge (NTBCL) Expressway Limited (NKEL) Limited (WGEL) (GRICL) Road (GRICL) Authority NHAI NHAI NOIDA Govt. of Gujarat Govt. of Gujarat State Karnataka Gujarat De
Slide 22: Projects Under Operation
Projects Under Operation Andhra Pradesh Expressway Thiruvananthapuram City Roads Narketpally - Addanki (NAMEL) Mega Highways Project Rajasthan Name of Project (APEL) (Phase I & II) (TRDCL) (RIDCOR) Phase I & II Authority NHAI KRFB Govt. of Andhra Pradesh Govt. of Rajasthan State Andhra Pradesh Keral
Slide 23: Projects Under Operation
Projects Under Operation Pune Sholapur Road East Hyderabad Jharkhand Accelerated Road Development Hazaribagh Ranchi Name of Project Development Company Expressway Ltd (EHEL) Programme (JRPICL) Expressway Limited (HREL) Limited (PSRDCL) Authority HUDA GOJ NHAI NHAI State Andhra Pradesh Jharkhand Jhar
Slide 24: Projects Under Operation
Projects Under Operation Name of Project Beawar Gomti Road (IRIDCL) Moradabad to Bareilly (MBEL) Chandrapur Warora (WCBTRL) Sikar Bikaner Authority Department of Road NHAI PWD, Maharashtra PWD, Rajasthan Transportation and Highways, GOI State Rajasthan Uttar Pradesh Maharashtra Rajasthan Concession
Slide 25: Projects Under Operation
Projects Under Operation Jorabat Shillong Mega Highways Project, Rajasthan Name of Project Baleshwar Kharagpur Road (BKEL) (JSEL) (RIDCOR) III Authority NHAI NHAI Govt. of Rajasthan State Assam & Meghalaya West Bengal & Orissa Rajasthan Concession Type Annuity Toll Toll Project (Lane Km) 262 477 366
Slide 26: Status – Project under Construction
Status – Project under Construction Indicates Physical Progress 23
Slide 27: Project Under Construction
Project Under Construction Thiruvananthapuram City Roads (Phase II Name of Project Beawer Gomti (Additional) Chennani - Nashri (CNTL) & III) (TRDCL) Authority KRFB MoRTH NHAI State Kerala Rajasthan Jammu & Kashmir BOT Type Annuity Toll Annuity Project (Lane Km) 39 216 38 Project Cost (Rs Cr) Include
Slide 28: Project Under Construction
Project Under Construction Name of Project Kiratpur Ner Chowk (KNEL) Barwa Adda Panagarh Authority NHAI NHAI State Himachal Pradesh Jharkhand & West Bengal BOT Type Toll Toll Project (Lane Km) 327 727 Project Cost (Rs Cr) 2291 2452 Debt Outstanding as at June 30, 2016 (Rs. Cr) (Long Term 950 442 ) G
Slide 29: Project Under Construction
Project Under Construction Name of Project Khed Sinnar Srinagar Sonmarg Tunnelway Limited Authority NHAI BRO State Maharashtra Jammu & Kashmir BOT Type Toll Annuity Project (Lane Km) 557 34 Project Cost (Rs Cr) 2015 3289 Debt Outstanding as at June 30, 2016 (Rs. Cr) (Long Term ) 718 159 GRANT (Rs. C
Slide 30: Project Development
Project Development .GRICL Rail Bridge Development Fagne – Gujarat / Maharashtra Name of Project Amravati – Chikhli RRR Section 2 Company Ltd. (GRBDCL) Border Authority Government of Gujarat NHAI NHAI GoJ State Gujarat Maharashtra Maharashtra Jharkhand BOT Type Annuity Toll Toll Annuity Project (Lan
Slide 31: Glossary
Glossary Acronym Full Form IL&FS Infrastructure Leasing and Financial Services ITNL IL&FS Transportation Networks Limited SPV Special Purpose Vehicle BOT Build Operate Transfer HUDA Haryana Urban Development Authority COD Commercial Operation Date NHDP National Highway Development Plan SARDP Special
Slide 32: Glossary
Glossary Acronym Full Form JARDP/JRPICL Jharkhand Accelerated Road Development Programme / Jharkhand Road Projects Implementation Company Limited RPR II (Part of JRPICL I) Patratu Dam – Ramgarh Road CKC (Part of JRPICL II) Chaibasa Kandra Chowka Road CNTL Chenani Nashri Tunnelway Limited WCBTRL Waro
Slide 33: Glossary
Glossary Acronym Full Form NKEL North Karnataka Expressway Limited APEL Andhra Pradesh Expressway Limited HREL Hazirabagh Ranchi Expressway Limited EHEL East Hyderabad Expressway Limited GRICL Gujarat Road and Infrastructure Company Limited WGEL West Gujarat Expressway Limited NTBCL Noida Toll Bridg
Slide 34: Thank You
Thank You IL&FS Transportation Networks Limited The IL&FS Financial Centre C-22, G Block, Bandra Kurla Complex Bandra (East), Mumbai – 400 051 Board: +91 22 2653 3333 Fax: +91 22 2652 3979 Email: itnlinvestor@ilfsindia.com
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