Il&fs Transportation Networks Limited · NSE:IL&FSTRANS
Il&fs Transportation Networks — Q2 FY2014 Earnings Presentation
30 slides from Il&fs Transportation Networks's earnings presentation, Nov 8, 2013
Slide 1: IL&FS Transportation Networks Limited Analyst Presentation
IL&FS Transportation Networks Limited Analyst Presentation – November 2013 November 08, 2013
Slide 2: Disclaimer
Disclaimer This presentation has been prepared solely by IL&FS Transportation Networks Limited (the “Company”) for informational purposes only. This presentation does not constitute a prospectus under the Companies Act, 1956 or the Companies Act, 2013, to the extent applicable and will not be regist
Slide 3: In this presentation…
In this presentation… Company Overview Key Competitive Strengths Segment Overview Portfolio – Road Projects Portfolio – Metro Rail Portfolio – Other Concessions Road Sector Opportunity Project Pipeline Financial Performance Parameters IL&FS – Strong Parentage Board of Directors Road Projects Glossar
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 operator (in terms of lane kilometer) in India* Jammu & Kashmir ITNL has a pan India presence with projects in 16 states in India PAN India
Slide 5: Key Competitive Strengths
Key Competitive Strengths Market Leadership in the surface Transportation Infrastructure Sector backed by expansion into new sub sectors • With around 13,161 lane kms spread over 26 projects in our road assets portfolio • Forays into other surface transportation sub-sectors like metro rail, City Bus
Slide 6: Segment Overview
Segment Overview Annuity Projects Toll Projects Urban Transport Projects Others NKEL (93.5%1) GRICL (83.6%) VNIL (90%) IRL (69.294%) APEL (100%1) WGEL (100%1) RMGL (60.08%) IOPL , Singapore (100%) ITNL International Pte Ltd , NTBCL (25.35%) RMGSL (81.16%) TRDCL (50%) Singapore (100%) IRIDCL (100%) M
Slide 7: Portfolio: Road Projects
Portfolio: Road Projects Khed • Diverse BOT portfolio of 26 road projects covering 13,161 lane km spread across 16 states in India Barwa Adda Sinnar Panagarh Kiratpur • Diverse mix of “Annuity / assured payments” and “Toll” based projects in various stages of development Ner Kharagpur RIDCOR III Cho
Slide 8: Portfolio: Metro Rail
Portfolio: Metro Rail Gurgaon MetroRail Link: Awarded by Haryana Urban Development Authority (HUDA) through Concession Agreement dated December 09, 2009 Metro link from Delhi metro Sikanderpur station to NH-8 in Gurgaon – around 4.9 km Concession period of 99 years - ITNL stake in the project ~60% R
Slide 9: Portfolio: Other Concessions
Portfolio: Other Concessions MP Border Check Post Project – awarded by Madhya Pradesh Road Development Corporation Limited ITNL stake 51%, 24 border check-post in MP to be developed and 2 central control facilities Border Revenue sources – entry fee from commercial vehicles, parking fee, loading/unl
Slide 10: Road Sector Opportunity
Road Sector Opportunity ~15,500 km of awards pending under NHDP – to be substantially executed under PPP Program To be awarded (in Km) NHDP Overall Progress NHDP-III 1,685 VII 21 700 NHDP-IV 10,384 V 1,603 6,500 NHDP-V 2,420 291 IV 14,799 SARDP-NE 276 III 5,654 12,109 374 Total 14,765 PC* 380 Source
Slide 11: Financial Parameters (Consolidated)
Financial Parameters (Consolidated) Revenue EBITDA(1) (INR mn) (INR mn) 80,000 80,000 67,863 70,000 57,294 60,000 60,000 41,274 50,000 40,000 28,472 40,000 24,873 30,000 19,818 20,000 13,320 20,000 8,785 12,335 15,894 10,748 10,000 2,900 - - FY09 FY10 FY11 FY12 FY13 H1FY14 FY09 FY10 FY11 FY12 FY13 H
Slide 12: Financial Parameters (Standalone)
Financial Parameters (Standalone) Revenue EBITDA(1) (INR mn) (INR mn) 20,000 40,000 35,662 29,102 15,000 30,000 17,010 8,434 20,000 14,725 10,000 6,899 6,440 6,171 9,415 5,369 10,000 5,000 2,277 1,323 - - FY09 FY10 FY11 FY12 FY13 H1FY14 FY09 FY10 FY11 FY12 FY13 H1FY14 Profit After Tax(2) Average Cap
Slide 13: Profit & Loss Accounts Highlights
Profit & Loss Accounts Highlights (All figures in INR million) Consolidated Standalone Key Parameters Q2FY14 Q2FY13 % Change Q2FY14 Q2FY13 % Change Revenue 13,407 13,703 -2.2% 6,875 6,164 11.5% Other Income 267 424 -37% 474 525 -9.7% EBITDA 4,950 6.2% 2,300 2,459 -6.5% 5,258 EBITDA Margin 38% 35% 31
Slide 14: Standalone Revenue & Expenses
Standalone Revenue & Expenses Revenue Expenses (in INR million) (in INR million) 16,000 12,000.00 14,000 10,000.00 12,000 4,006 4,975 8,000.00 10,000 6,000.00 8,000 8,595 2,028 7,763 6,000 9,443 4,000.00 8,375 4,000 4,178 4,602 2,000.00 2,000 - - H1FY13 H1FY14 Q2FY14 H1FY13 H1FY14 Q2FY14 Constr Inco
Slide 15: Consolidated Revenue & Expenses
Consolidated Revenue & Expenses Revenue Expenses (in INR million) (in INR million) 35,000 20,000.00 30,000 4,206 15,000.00 25,000 5,125 3,966 20,000 4,208 10,000.00 15,000 14,360 2,638 11,010 19,924 5,000.00 10,000 16,464 2,372 4,789 5,000 7,370 - - H1FY13 H1FY14 Q2FY14 H1FY13 H1FY14 Q2FY14 Constr I
Slide 16: Debt Equity Analysis
Debt Equity Analysis Standalone Consolidated (in INR million) (in INR million) 160,000 5.00 180,000 5.00 166,292 140,000 4.50 160,000 4.50 143,591 156,182 120,000 4.00 140,000 3.95 3.82 4.00 3.50 120,000 3.99 100,000 3.50 3.00 100,000 80,000 3.00 2.50 80,000 60,000 1.81 2.50 37,384 40,330 41,074 2.0
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 public
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, IL&FS Chairman; Former Chairman, NHAI Parthasarthy Dasgupta Mr Hari Sankaran Vice Chairman and MD, IL&FS Mr RC Sinha Former Vice Chairman & MD, Ma
Slide 19: Road Projects
Road Projects
Slide 20: 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 21: Projects Under Operation
Projects Under Operation Andhra Pradesh Expressway Thiruvananthapuram City Roads Mega Highways Project Name of Project Beawar Gomti Road (IRIDCL) (APEL) (Phase I & II) (TRDCL) Rajasthan (RIDCOR) Phase I & II Authority NHAI KRFB Govt. of Rajasthan Department of Road Transportation and Highways, GOI S
Slide 22: Projects Under Operation
Projects Under Operation East Hyderabad Jharkhand Accelerated Hazaribagh Ranchi Pune Sholapur Road Tukkuguda to Shamshabad section of Name of Project Expressway Ltd Road Development Expressway Limited Development Company Limited Hyderabad Outer Ring Road (EHEL) Programme (JRPICL) (HREL) (PSRDCL) Aut
Slide 23: Project Under Implementation
Project Under Implementation Thiruvananthapuram City Roads Mega Highways Project, Name of Project Chandrapur Warora (WCBTRL) Moradabad to Bareilly (MBEL) (Phase II & III) (TRDCL) Rajasthan (RIDCOR) Phase II Authority KRFB Govt. of Rajasthan PWD, Maharashtra NHAI State Kerala Rajasthan Maharashtra Ut
Slide 24: Project Under Implementation
Project Under Implementation Jorabat Shillong Jharkhand Accelerated Road Name of Project Chennani - Nashri (CNTL) Narketpally - Addanki (NAMEL) (JSEL) Development Programme (JRPICL) Authority NHAI NHAI Govt. of Andhra Pradesh Govt of Jharkhand State Jammu & Kashmir Assam & Meghalaya Andhra Pradesh J
Slide 25: Project Under Implementation
Project Under Implementation Mega Highways Project, Rajasthan Name of Project Baleshwar Kharagpur Road (BKEL) Sikar Bikaner (RIDCOR) III Authority NHAI PWD, Rajasthan Govt. of Rajasthan State West Bengal & Rajasthan Rajasthan Orissa BOT Type Toll Toll Toll Project (Lane Km) 477 540 607 Appointed Dat
Slide 26: Project Under Development
Project Under Development Name of Project Beawer Gomti (Additional) Barwa Adda Panagarh Khed Sinnar Kiratpur Ner Chowk (KNEL) Authority MoRTH NHAI NHAI NHAI State Rajasthan Jharkhand & Maharashtra Himachal Pradesh West Bengal BOT Type Toll Toll Toll Toll Project (Lane Km) 217 727 557 327 Appointed D
Slide 27: 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 28: 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 29: 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 30: 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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