Slide 1: Corporate Presentation March 2018
Corporate Presentation March 2018 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by IRB Infrastructure Developers Limited (the “Company”) solely for your information and for your use and may not be taken away, reproduced, redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organiza
Slide 3: Contents
Contents Sr. No Particulars Sr. No Particulars 1 IRB Group : Scripting Continued Growth 15 EPC Performance 2 FY 2018 : Strategic moves 16 Equity commitment for the Projects in Hand 3 FY 2018: On way to 100 : 10 milestone 17 Growth Strategy 4 FY 2018 : More Power to IRB 18 Key Highlights during Q4 20
Slide 4: IRB Group: Scripting Continued Growth
IRB Group: Scripting Continued Growth 10 Years of listing Cumulative dividend payout of Rs. 11 Bn since listing Rs. In Mn FY 2007 FY 2018 Achieved six fold growth in Balance sheet, with meagre Rs 4bn further capitalization support over this period, while maintaining one of the lowest Revenue 3,2
Slide 5: FY 2018: Strategic moves
FY 2018 : Strategic moves Operational Diversification in Toll Portfolio BEST Strategy: Bid, Execute, Stablise and Transfer The strategy helps us split our role into Bidding, Developing and Stablising BoT Assets; holding a part of it to maturity Monetising stablised and/or mature assets by tr
Slide 6: FY 2018: On way to 100:10 milestone
FY 2018 : On way to 100:10 milestone Robust Operational and Financial Performance New order wins of Rs 89bn during the year, with a balanced mix of BoT and HAM projects Order Book grew by 51 % YoY to Rs 151 bn, ~4x FY18 EPC revenues Strong Portfolio of 17 projects, including 3 HAM spread acros
Slide 7: FY 2018: More Power to IRB
FY 2018 : More Power to IRB Implementation of GST GST implementation has been India’s biggest tax reform initiative since independence H1FY18 witnessed a drop in commercial vehicle traffic as vendors and suppliers finished adopting and complying with GST norms and filings Effective Q3FY18 traf
Slide 8: New Wins: Rs. 90 bn worth of Projects added
New Wins : Rs. 90 bn worth of Projects added Sr. Particulars Hapur Puducherry Poondiyankuppam Vadodara No. Moradabad Poondiyankuppam Sathanathapuram Kim Expressway 1. Name of the Projet Four to Six Laning of Hapur Four laning of Puducherry to Four laning of Construction of Six lane Bypass to Moradab
Slide 9: IRB's Road Portfolio
IRB’s Road Portfolio BOT / HAM Portfolio – Km & Lane Km BOT / HAM Portfolio – State wise % Rajasthan 23% Haryana 8% Karnataka 9% Uttar Pradesh 15% Gujarat Tamil Nadu 13% 4% Maharashtra 28% BOT / HAM Portfolio – State wise Lane Km Lane KM under development 5,401 Lane Kms Lanes KM operational 3,344 La
Slide 10: BOT Segment
BOT Segment Toll Performance during Q4 FY 2018 ( Rs. In Mn) % contribution Project wise for Q4 –FY2018 Gualbapura Chittorgarh 11% Agra Etawah Sr. Q4 Q4 5% Name of the Project FY 2015 FY 2016 FY 2017 FY 2018 Udaipur _ Gj No. FY 2017 FY 2018 Border 8% AV Expressway 20% Kaithal - Rj Border 1 Mumbai - P
Slide 11: Toll Performance (1/4)
Toll Performance (1/4) Ahmadabad Vadodara Name of Ahmedabad Interest rate successfully reduced by 2.25% to the Project Vadodara 9.25% on aggregate debt of Rs 33bn, resulting in Client NHAI Rs 0.7bn savings annually State Gujarat Robust growth in traffic being witnessed which, Length of the Proje
Slide 12: Toll Performance (2/4)
Toll Performance (2/4) Agra Etawah Name of the Project Agra – Etawah Client NHAI State Uttar Pradesh Length (In Kms) 124.52 Effective 20th Jan 2018, Agra Lucknow Expressway has started tolling at concessionary rate of 75% Project Cost in Rs. Mn 25,230 We are witnessing some bit of traffic divers
Slide 13: Toll Performance (3/4)
Toll Performance (3/4) Solapur Kaithal - Rajasthan Name of the Project Solapur Yadeshi: Yedeshi Border Project performing inline with expectation even with 93% tolling as on date. Robust traffic mix as well as growth momentum bodes well Client NHAI NHAI for good return profile of the asset. Stat
Slide 14: Toll Performance (4/4)
Toll Performance (4/4) Kishangarh Name of the Project Udaipur Gujarat Border Gulabpura Chittorgarh Gupabpura Client NHAI NHAI NHAI State Rajasthan / Gujarat Rajasthan Rajasthan Project Cost in Rs. Mn 20,879 20,900 15,260 Debt / Unsecured Loan O/S FY18 (Rs. Mn ) 3,734 2,267 - Premium to be paid (Rs.
Slide 15: Other Operational BOT Projects
Other Operational BOT Projects Mumbai Name of the Project Thane Ghodbunder Pune - Solapur Pune - Nashik Pune Client MSRDC MSRDC MOSRT&H MOSRT&H State Maharashtra Maharashtra Maharashtra Maharashtra Length of the Project 206.0 14.9 26.0 29.8 (In Kms) Project Cost in Rs. 13,016 2,462 630 737 Mn Debt /
Slide 16: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn 16
Slide 17: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative Amount in Rs Mn 17
Slide 18: BOT Projects Under Implementation
BOT Projects Under Implementation Goa / Karnataka Border Yedeshi Name of the Project to Kundapur Aurangabad Client NHAI NHAI State Karnataka Maharashtra Length of the Project (In Kms) 189.6 189.1 Project Cost in Rs. Mn 28,390 33,770 Debt / Unsecured Loan Outstanding as on Mar 31, 2018 13,093 16,975
Slide 19: EPC Revenue and Order Book
EPC Revenue and Order Book Order book As on March 31, 2018 Order book execution during Q4 FY 2018 Amount Order Book* Composition in Rs. Mn Other Projects Ongoing BOT Projects 69,170 Kishangarh 3% Gulabpura Gulabpura 9% Goa Kundapur BOT/HAM Projects - Construction yet to Chittorgarh 3% 81,630 19% com
Slide 20: EPC Performance
EPC Performance Revenue & YoY Growth PAT and Return Ratios EBITDA & Margin Networth and D:E Ratio 20
Slide 21: Equity commitment for Projects in Hand
Equity commitment for Projects in Hand Rs. In Mn FY 2019 FY 2020 FY 2021 Name of the Project Estimated Estimated Estimated Agra Etawah 3,108 - - Udaipur - RJ Border 953 1,866 - Gulabpura - Chittorgarh 207 2,000 - Kishangarh - Gulabpura 767 1,957 - Hapur Moradabad 2,908 5,161 3,285 Puducherry Poondia
Slide 22: Growth Strategy
Growth Strategy Bharatmala Pariyojana: Strong growth envisaged till FY 2022 ~Rs 5tn of total investment for developing 34,800km of roads lined up over the next 4-5 years Of this Rs1.2tn would come from PPP, Rs 2tn from market borrowings and balance Rs ~2tn from Budgetary allocation/ToT/CRF/Toll
Slide 23: Key Highlights during Q4FY18
Key Highlights during Q4FY18* Revenue* EBITDA* PAT* For Q4FY18 has been declined to For Q4FY18 has declined to Rs. 7,087 Mn For Q4FY18 has gone up to Rs. 2,397 Rs.14,321 mn from Rs. 16,560 Mn from Rs. 8,507 Mn registering a decline of mn from Rs. 2,072 Mn registering a registering a decline of 14% o
Slide 24: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the March 2018 (Quarter) March 2017 (Quarter) Period Ended Particulars Total All Segments Construction Segment BOT Segment Total All Segments Construction Segment BOT Segment Amt % Amt % Amt % Amt % Amt % Amt % Total Income 14,321.08 100.00 9,183.79
Slide 25: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period March 2018 (Year) March 2017 (Year) Ended Particulars Total All Segments Construction Segment BOT Segment Total All Segments Construction Segment BOT Segment Amt % Amt % Amt % Amt % Amt % Amt % Total Income 58,627.67 100.00 39,733.61 100.
Slide 26: Consolidated Financial Results
Consolidated Financial Results Amount in Rs Mn For the Period March 2018 (Quarter) December 2017 (Quarter) Ended Particulars Total All Segments Construction Segment BOT Segment Total All Segments Construction Segment BOT Segment Amt % Amt % Amt % Amt % Amt % Amt % Total Income 14,321.08 100.00 9,183
Slide 27: Strong Financial Track Record Consolidated Financials
Strong Financial Track Record Consolidated Financials Revenue EBITDA 70,000 35,000 31,715 59,691 58,628 60,000 30,000 28,480 27,874 52,551 50,000 25,000 23,247 39,605 40,000 37,319 18,751 Rs. in Mn Rs.in Mn 20,000 30,000 15,000 20,000 10,000 10,000 5,000 - - FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 F
Slide 28: Strong Financial Track Record Consolidated Financials
Strong Financial Track Record Consolidated Financials Net Worth & ROE Net Debt & Net Debt to Equity Ratio BOT Assets Capital Employed & ROCE 235,000 219,551 218,976 210,000 185,000 171,632 160,000 143,879 Rs. in Mn 135,000 125,788 110,000 85,000 60,000 35,000 10,000 FY 2014 FY 2015 FY 2016 FY 2017 F
Slide 29: Company Overview
Company Overview IRB Group IRB Infrastructure Developers Limited (“IRB”) incorporated in 1998, has strong in-house integrated execution capabilities One of the leading Infrastructure Development company in India in road and highway sector Group has successfully executed numerous BOT projects i
Slide 30: Key Competitive Advantage
Key Competitive Advantage One of the largest BOT Project Portfolio in the Roads IRB InvIT : 17 BOT projects out and Highways perpetual of which 11 are Sector being tolled, opportunity to and balance are recycle capital and under various monetize assets phases of Key development Competitive Professio
Slide 31: Roadmap So Far
Roadmap So Far First ever Airport Project in Awarded 2 Nos. of Six Laning Launched India’s first Awarded of Six Laning Projects of NHAI on DBFOT Projects of NHAI on DBFOT ever listed Infrastructure Pattern in the state of Uttar Pradesh IRB’s portfolio Successfully raised Rs. Investment Tru
Slide 32: The "IRB" Group
The “IRB” Group IRB’s BOT Road Projects 100% Sr. Length Company Road Name No. in Km 14 BOT Projects Roads 100% 1 Aryan Toll Road Pvt. Ltd. Pune – Sholapur BOT 26.00 3 HAM Projects 2 ATR Infrastructure Pvt. Ltd. Pune – Nashik BOT NH 50 29.81 3 Mhaiskar Infrastructure Pvt. Ltd. Mumbai – Pune BOT MPEW
Slide 33: Organization Structure
Organization Structure Board of Directors Mr. Virendra D. Mhaiskar Chairman and Managing Director Mrs. Deepali V. Mhaiskar Mr. Mukesh Gupta Mr. Sudhir Hoshing Executive Director Joint Managing Director Joint Managing Director Mr. Chandrashekhar S. Kaptan Mr. Sunil H. Talati Mr. Sandeep Shah Mr. Suni
Slide 34: Organization Structure
Organization Structure Statutory Auditors Mr. Rajkamal R. Bajaj Internal Auditors Suresh Surana & Associates LLP BSR & Company LLP Advisor to the Board Chartered Accountants Chartered Accountants Joint Statutory Auditors Bankers / Lenders of IRB Group Gokhale & Sathe Andhra Bank Canara Bank Chartere
Slide 35: Shareholding Pattern
Shareholding Pattern Shareholding Pattern as On March 31, 2018 Name Percentage (%) Promoter 57.20 Promoter Group 0.17 FII / EPI 24.06 DII 12.03 Others 6.54 Total 100.00 Shareholders holding more than 1% shares as on March 31, 2018 Name Percentage (%) Government of Singapore 5.20 SBI Magnum Tax Gain
Slide 36: Corporate Recognition
Corporate Recognition IRB has been awarded CNBC TV 18 Essar Steel Infrastructure Excellence Award in the Highways & Flyovers category for Mumbai - Pune section of National Highways (NH-4). This award was in recognition of the high quality work implemented on the development and maintenance of the Mu
Slide 37: Corporate Recognition
Corporate Recognition This award was won by the This award was won by IRB for being company for having the ideal companies to work for employee friendly policies, infrastructure sector in India acknowledging its business respect for dignity of operations, quality of its management, employees, open c
Slide 38: Our CSR Initiative
Our CSR Initiative We have replicated same model and have started a We also generously school in the Pathankot district of Punjab, near the contributed to the Amritsar- Pathankot BOT project. Chief Minister’s drought relief fund in Maharashtra. The School building was inaugurated on 27 March 2017.Th
Slide 39: IRB
IRB ") INFRASTRUCTURE DEVELOPERS LTD