Sadbhav Infrastructure Project Ltd. · NSE:SADBHIN
Sadbhav Infrastructure Project — Investor Presentation (June 2018)
17 slides from Sadbhav Infrastructure Project's investor presentation, June 2018
Slide 1: Sadbhav Infrastructure Project Limited Corporate Presentation June 2018
SADBHAV INFRASTRUCTURE PROJECT LIMITED (SIPL) Corporate Presentation June 2018 1
Slide 2: India's only listed dedicated road holding and operating company
SIPL is India’s only listed dedicated road holding and operating company with a proven track record of development, operation and maintenance Geographically diverse road assets Matured assets with located in high proven track record of economic growth areas cash flow generation and growth 12 12 Asse
Slide 3: Sadbhav Group Overview
Sadbhav Group Overview Overview • Founded by Mr. Vishnubhai Patel in 1988, Sadbhav has been his exclusive business ensuring alignment of Promoter’s interest – The family has only focused on Sadbhav Engineering Limited (SEL) and Sadbhav Infrastructure Project Limited (SIPL) • The Sadbhav Group is foc
Slide 4: Corporate Structure
Corporate Structure Sadbhav Engineering Institutional Investors Other Public Investors Limited 69.4% 25.4% 5.2% Sadbhav Infrastructure Project Limited All 100% owned Operational All 100% owned Hybrid Annuity Projects except T4 and T7 Model (HAM) Projects 91% Toll 1 Toll 3 Toll 5 Toll 7 Toll 9 Annuit
Slide 5: SIPL Overview
SIPL Overview Overview Portfolio of Strategically Located Projects • Only listed Road & Highways BOT company in India with a portfolio of 12 BOT projects and 12 Hybrid Annuity Model (HAM) projects • Total project cost of c.INR 219 Bn with combined lane kms of c.5,800; current equity invested of c. I
Slide 6: The Road So Far
The Road So Far Sustained Growth in Asset Base Consistent Asset Addition to Portfolio Indicating a Strong Operational and Executional Capability Annual Addition of Operational Assets MBHPL Future growth Denotes projects that have RHTPL RHTPL become operational in that year BRTPL BRTPL • Strong addit
Slide 7: High Quality Operational Portfolio
High Quality Operational Portfolio Large Operational Assets ARRIL • Cargo originating from Kandla and Mundra, two of the largest HYTPL • Carries majorly car traffic due to proximity to Hyderabad city Indian ports uses ARRIL to connect to central and western • Also large number of tourist ply on this
Slide 8: One of the Largest Road Portfolios in India
One of the Largest Road Portfolios in India Well-balanced Portfolio of Operational Assets and New Projects under Low Risk HAM Model Demonstrated Superior Growth Year on Year1 Lane Km 2 3 4 6 8 8 9 11 12 13 19 23 243 5,557 5,795 4,819 3,338 3,512 2,951 2,207 1,890 1,890 1,566 1,035 680 FY11 FY12 FY13
Slide 9: Highly Professional and Experienced Management
Highly Professional and Experienced Management Independent Board for Best-in-Class Governance Practices Experienced Management Team Key Board Committees in Place Name Brief Profile • Consists of Chairman (independent) and 2 members (1 independent and 1 non-independent) Shashin V. Patel • Over 12 yea
Slide 10: Overview of SIPL's Financial Performance
Overview of SIPL’s Financial Performance Total Cash Income from Operations1 Cash EBITDA2 INR MM INR MM 14,098 11,259 13,266 10,285 3,371 2,208 3,137 1,828 6,040 7,624 815 348 10,726 8,458 9,051 10,129 6,809 5,692 FY16 FY17 FY18 FY16 FY17 FY18 Operational SIPL Standalone Operational SIPL Standalone E
Slide 11: Superior Traffic Growth
Superior Traffic Growth Ahmedabad Ring Road Aurangabad Jalna Light Commercial Vehicle Light Commercial Vehicle Daily Passenger Car Unit 4,303 Daily Passenger Car Unit 3,695 3,718 1,554 1,416 1,358 3,090 3,303 2,980 1,123 1,133 1,210 2,776 2,378 2,528 981 999 2,108 1,840 1,817 732 FY07 FY08 FY09 FY10
Slide 12: Huge Potential in the Indian Roads Sector
Huge Potential in the Indian Roads Sector Highway Construction Space – Increasing NHAI Awards Sector on a Revival Mode; Rising Private Sector Present a Large Investment Opportunity Participation in India In kms • May ’18: L&T IDPL-sponsored IndInfravit Trust – India’s first private InvIT – raised $
Slide 13: Macroeconomic Improvement Expected to Drive Investments in Indian Road Sector
Macroeconomic Improvement Expected to Drive Investments in Indian Road Sector Recent changes in norms including GST and suppression on overloaded trucks along with improving pace of road construction, IIP and quarterly GDP data to enhance traffic on highways India GDP Growth Expected to Improve Sign
Slide 14: Concluding Thoughts
Concluding Thoughts Strong parentage with Robust and effective Differentiated project: Significant exposure focus on roads for over 25 toll collection and toll Maharashtra Border to commercial years making Sadbhav one management systems Check Post (MBCPNL) vehicle sales growth of the most experience
Slide 15: Appendix
A Sadbhav TODAY FOR TOMORROW 15
Slide 16: Overview of SIPL Projects
Overview of SIPL Projects Operational Projects – Mix of Toll and Annuity Assets Operational Projects Remaining Project Equity Operational Concession Project Name Cost Stake Investment FY18 Debt Revenue1 EBITDA1 History Life INR MM INR MM INR MM FY17 FY18 FY17 FY18 Years Years Ahmedabad RR 5,435 100%
Slide 17: Overview of SIPL Projects (cont'd)
Overview of SIPL Projects (cont’d) Low-risk Under-construction assets under HAM Model HAM Projects Sources of Funds1 Equity Invested Scheduled Project Name Project Cost Stake Grant Equity Debt till date FY18 Debt % Completion COD INR MM INR MM INR MM INR MM INR MM INR MM Bhavnagar 8,190 100% 3,596 1
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