Dilip Buildcon Ltd. · NSE:DBL
Dilip Buildcon — Q1 FY25 Earnings Presentation
45 slides from Dilip Buildcon's earnings presentation, Aug 13, 2024
Slide 1: Exchange filing cover letter
August 13, 2024 To To BSE Limited National Stock Exchange of India Ltd. Listing Department Exchange Plaza, C-1, Block G P.J Tower, Dalal Street BandraKurla Complex, Mumbai – 400001 Bandra (E), Mumbai – 400051 Stock Symbol -540047 Stock Symbol –DBL Sub: -Investor Presentation Pursuant to regulation 4
Slide 2: Dilip Buildcon Limited Earnings Presentation Q1 FY25
Road Irrigation Coal Mine Water supply Tunnel Railways Metro Special Bridge Airport DILIP BUILDCON LIMITED Earnings Presentation Q1, FY25
Slide 3: Table of Content
TABLE OF CONTENT Business Highlights 03 Equity and divestment Tracker 25 Standalone and Consolidated Financial 13 Strategic partnership with Alpha Alternatives 28 Highlights Key Projects Update 32 Coal Mines Business Update 22 Company Overview 36
Slide 4: Business Highlights
DILIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND Business Highlights
Slide 5: Business Highlights FY25
Business Highlights FY25 WON 1 NEW PROJECT COMPLETED 4 PROJECTS DIVESTMENT WORTH ₹ 9,258 Mn WORTH ₹ 36,037 Mn STATUS Shrem InvIT : 100% equity stake Won 1 project worth Completed 3 HAM project worth divested in 10 HAM projects ₹ 9,258 Mn in the state of ₹ 23,537 Mn and 1 EPC project Haryana in Railw
Slide 6: New Projects Won in FY25
New Projects Won in FY25 (₹ in Mn.) Contract Value excluding Period in which Project Name Type State Name of Employer GST order won New BG Double Railway Haryana Rail Infrastructure Line of HORC project- Railways Haryana 9,258 Q1-FY25 Development Corporation Limited Prithla to Dhulawat www.dilipbuil
Slide 7: Projects Completed in FY25
Projects Completed in FY25 (₹ in Mn.) Scheduled COD Actual Name of EPC Cost Early Completion Project Name State Type of Work with EOT/ Completion the Employer excluding GST Days Grace period Date National Highways Authority of Tamilnadu & Villupuram-Puducherry HAM 7,621 04.04.2024 04.04.2024 - India
Slide 8: Order Book – as on 30th June 2024
Order Book – as on 30th June 2024 (₹ in Mn) Vertical Wise Model Wise Special Bridge, Railways, ₹ 3,813 , (2%) ₹ 9,258 , (5%) Urban Development, Tunnel, ₹ 2,700 , (1%) ₹ 10,986 , (6%) HAM, 30.7% Road, ₹ 57,105 , (31%) Metro, ₹ 8,561 , (5%) EPC, 69.3% Mining, ₹ 31,507 , (17%) Irrigation, ₹ 37,571 , (2
Slide 9: Order Book as on 30th June 2024
Order Book as on 30th June 2024 Business Division wise order book – ₹ 186,065 Mn. ROADS & HIGHWAYS IRRIGATION MINING WATER SUPPLY ₹ 57,105 Mn. ₹ 37,571 Mn. ₹ 31,507 Mn ₹ 24,564 Mn 30.69% 20.19% 16.93% 13.20% www.dilipbuildcon.com | EARNINGS PRESENTATION Q1 FY25 | 8 |
Slide 10: Order Book as on 30th June 2024
Order Book as on 30th June 2024 Business Division wise order book – ₹ 186,065 Mn. TUNNEL RAILWAYS SPECIAL BRIDGES & METRO AIRPORT URBAN DEVELOPMENTS ₹ 10,986 Mn. ₹ 9,258 Mn. ₹ 8,561 Mn ₹ 6,513 Mn ₹ NIL 5.90% 4.99% 4.60% 3.50% - www.dilipbuildcon.com | EARNINGS PRESENTATION Q1 FY25 | 9 |
Slide 11: Order Book – Year-wise Trend
Order Book – Year-wise Trend (₹ in Mn) 2,74,114 2,55,945 2,53,950 1,90,816 1,86,065 1,74,316 FY20 FY21 FY22 FY23 FY24 Q1FY25 www.dilipbuildcon.com | EARNINGS PRESENTATION Q1 FY25 | 10 |
Slide 12: Order Book as on 30th June 2024 (geography)
Order Book as on 30th June 2024 (₹ in Mn) State Completed as on Ongoing Gross Order Book as on % to Total Order 30.06.2024 30.06.2024 30.06.2024 Book Geography wise order book Jharkhand 16,128 58,447 38,036 20.44% Madhya Pradesh 1,58,089 61,593 32,296 17.36% Gujarat 20,673 51,466 25,454 13.68% Chhat
Slide 13: NHAI/MoRTH-HAM Portfolio
NHAI/MoRTH-HAM Portfolio (₹ in Mn.) Sr No. Particulars Bid project cost Remarks 19 HAM Projects: • Shrem Group/Shrem InvIT - 16 Projects -100% Divested • Cube Highways-3 Projects -100% Divested 1 26 Completed HAM Projects 304,834 7 HAM Projects: • 4 HAM Project - 26% divested to Alpha Alternative •
Slide 14: Standalone and Consolidated Financial Highlights
Standalone and Consolidated Financial Highlights
Slide 15: Standalone Financials
Standalone Financials (₹ in Mn) Revenue from Operations EBITDA excl. other income Profit after Tax -9.61% -21.62% -43.17% Y-o-Y Highlights 26,085 23,579 3,348 2,624 834 474 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Revenue from Operations EBITDA excl. other income Profit after Tax Q-o-Q Highli
Slide 16: Consolidated Financials
Consolidated Financials (₹ in Mn) Revenue from Operations EBITDA excl. other income Profit after Tax 7.31% 21.47% 1036.59% Y-o-Y Highlights 29,208 31,342 3,936 4,781 123 1,398 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Mining Revenue from Operations EBITDA excl. other income Profit after Tax Q-
Slide 17: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement (₹ in Mn.) Particulars Q1 FY25 Q1 FY24 Y-o-Y% Q4 FY24 Q-o-Q% FY24 Revenue 23,579 26,085 -9.61% 29,308 -19.55% 105,373 Less:- Operating expenses 20,955 22,737 -7.84% 25,784 -18.73% 92,381 EBITDA excl. other income 2,624 3,348 -21.62% 3,524 -25.54% 12,992 EBITDA Marg
Slide 18: Consolidated Profit & Loss
Consolidated Profit & Loss (₹ in Mn). Particulars Q1 FY25 Q4 FY24 Q1 FY24 FY24 Revenue from Operations 31,342 33,656 29,208 120,119 Add:- Other income 202 504 235 1,442 Total Income 31,544 34,160 29,443 121,561 Less:- Expenses Cost of materials consumed 25,086 28,712 23,347 100,028 Changes in invent
Slide 19: Standalone Balance Sheet
Standalone Balance Sheet (₹ in Mn). Particulars Jun’24 Jun’23 Mar’24 Particulars Jun’24 Jun’23 Mar’24 ASSETS EQUITY AND LIABILITIES Non-current assets Equity (a) Equity share capital 1,462 1,462 1,462 (a) Property, plant and equipment 10,639 12,691 11,195 (b) Other equity 50,956 45,461 50,403 (b) Ca
Slide 20: Standalone Cash Flow
Standalone Cash Flow Particulars (₹ In Mn) Q1 FY25 Q1 FY24 FY24 Particulars (₹ In Mn) Q1 FY25 Q1 FY24 FY24 CASH FLOW FROM OPERATING ACTIVITIES CASH FLOW FROM INVESTING ACTIVITIES Purchase of Fixed Assets (384) (382) (1,714) Net profit before tax as per Statement of Profit and Loss 801 1,232 6,359 Sa
Slide 21: Quarterly - Net Working Capital Days
Quarterly - Net Working Capital Days 107 109 89 102 82 97 96 96 97 84 95 79 94 75 70 72 67 65 67 62 59 58 56 47 48 48 48 132 127 124 119 117 118 115 114 117 June'22 Sep'22 Dec'22 Mar'23 Jun'23 Sep'23 Dec'23 Mar'24 Jun'24 Debtor Days Inventory days Creditor Days Working Capital Days Net working capit
Slide 22: Quarterly - Net Debt to Equity
Quarterly - Net Working Capital Days (₹ in Mn.) 0.66 0.61 0.58 0.52 0.51 0.43 0.42 0.51 0.48 0.48 0.36 0.44 0.42 0.38 0.29 0.38 0.32 0.25 0.15 0.13 0.1 0.09 0.08 0.05 0.04 0.04 0.04 Jun'22 Sep'22 Dec'22 Mar'23 Jun'23 Sep'23 Dec'23 Mar'24 Jun'24 Net Debt/Equity Equipment Debt/Equity Working Capital D
Slide 23: Mine Development and Operator (MDO) Business Update
Mine Development and Operator (MDO)-Business Update
Slide 24: MDO Business
MDO -Business MDO Business- ₹ 971,000 Mn* Mine Development and Operator (MDO) Block Concession Coal Production Balance Pachhwara Central Coal Name tenure,Peak Contract Mine MDO (7 MMT PA) Capacity & Total Price Coal Reserves - 382.81 MMT Qty Contracted Actual/Planne Year Coal d Coal • 25 years Produ
Slide 25: MDO - Performance
MDO- Performance Siarmal MDO Production Unit Q1 FY25 FY23-24 Over Burden Removal MN.BCM 4.49 9.14 Coal Production MMT 3.23 7.24 Pachwara MDO Production Unit Q1 FY25 FY 23-24 Over Burden Removal MN.BCM 1.81 3.11 Coal Production MMT 1.45 4.6 | www.dilipbuildcon.com | EARNINGS PRESENTATION Q1FY25 | 24
Slide 26: Equity and Divestment Tracker
Equity and Divestment Tracker
Slide 27: Equity and Divestment Tracker
Equity and Divestment Tracker (₹ in Mn) Equity Invested Total (Equity+USL+NCD) Upto June-24 Balance Equity 9MFY 25 FY 26 FY 27 FY 28 -FY 30 Equity Particulars Require Total Projected Projected Projected Projected Required ment DBL DBL DBL Equity Divested to DBL Infra Assets Infratech Infra Venture I
Slide 28: Status of Divestment - 10 HAM Projects to Shrem InvIT
Status of Divestment - 10 HAM Projects to Shrem InvIT During December 22, DBL Group signed definitive agreements with Shrem InvIT for divestment of 10 HAM Projects for a Valuation of ₹ 23,490 Mn 10 Projects Divested With Final Valuation ₹ 22,136 Mn 1 Project 51% equity shareholding transferred Again
Slide 29: Strategic Partnership with Alpha Alternatives
Strategic Partnership with Alpha Alternatives
Slide 30: Long-term strategic partnership with Alpha Alternatives
Dilip Buildcon Ltd - Long-term strategic partnership with Alpha Alternatives Key Terms of strategic partnership • Dilip Buildcon Limited (DBL) entered into a long-term strategic partnership in Nov-23 with Alpha Alternatives (AA) for construction, financing and monetization of road projects through a
Slide 31: DBL-AA Partnership Construct
DBL- AA Partnership Construct Stage 1: • Setup jointly owned InvIT platform • DBL to be the operating partner primarily responsible for evaluating and constructing road projects whereas AA to be the financial partner focused on financing and value optimization. • AA will also have the responsibility
Slide 32: DBL-AA Partnership Update-Till Date
DBL- AA Partnership Update-Till Date • 10% stake in DBL through preferential allotment of warrants • AA with its associates invested ₹ 1,331.20 Mn in DBL on December 21, 2023 towards subscription of equity warrants of 1,62,29,862 (25% the total consideration payable). • Balance 75% of the total cons
Slide 33: Key Projects Update
DILIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND Key Projects Update
Slide 34: Key Project Progress - HAM Projects
Key Project Progress - HAM Projects* Payment Milestone (Grant) % of work done as on Sr. No Project Name Appointed Date Achieved 30.06.2024 1 DBL Poondiyankuppam Highways Limited** 9th PM, 80% Physical Progress 15.11.2021 93.01 2 Bangarupalem Gudipala Highways Limited 8th PM, 70% Physical Progress 04
Slide 35: Key Project Progress - EPC Projects
Key Project Progress - EPC Projects ₹ in Mn. Metro Outstanding Order Book Schedule Date of Project Name Contract Value LOA Date Date of Start as on 30.06.2024 Completion with EOT Bhopal Metro 2,206 200 Oct-18 Nov-18 Jun-24(EOT applied) Indore Metro 2,044 171 Oct-18 Dec-18 Sep-24 Surat Metro Rail Pro
Slide 36: Key Project Progress - EPC Projects
Key Project Progress - EPC Projects ₹ in Mn. Special Bridge Outstanding Order Book Schedule Date of Project Name Contract Value LOA Date Date of Start as on 30.06.2024 Completion with EOT Extra-dosed bridge across Sharavathi backwaters 3,215 244 Jul-19 Dec-19 Nov-24 Sahibganj Bypass including Ganga
Slide 37: Company Overview
DILIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND.
Slide 38: DBL - Overview
DBL - Overview Pan India presence 19 states Largest employer in construction & 1 Union Territory industry 24,771 employees Largest owner of construction Diversified orderbook of equipment's 10,241 ₹186,065 Mn from 9 verticals No subcontracting, vertically Early completion bonus integrated and use of
Slide 39: DBL - Journey
DBL- Journey The Company continued Dilip Suryavanshi, a its expansion pace, young civil engineer wining its first EPC Company expanded into started Dilip Builders as Converted to a private project worth Rs.7,750 the Irrigation development a proprietorship firm First backward limited company to fulfi
Slide 40: DBL - Journey
DBL - Journey Completed IPO oversubscribed by 22 14 projects worth Completed 12 projects times, making it the most Forays into airport Rs.1,05,445 Mn which is worth Rs. 81,599 Mn in successful EPC issuance in highest completion in a 8 states despite several Crossed Net Worth development segment. Of
Slide 41: Backward Integration
Backward Integration To further support our in-house execution, we have setup our own manufacturing units, which make the highest quality road furniture / material needed for our business. It helps us control costs and timelines. Octagonal Poles Pipe Rolling Metal Beam Crash Barrier Road Marking Pai
Slide 42: Leadership Team
Leadership Team Mr. Dilip Suryavanshi Mr. Devendra Jain Chairman and MD MD & CEO Dilip Suryavanshi is the Chairman and Managing Devendra Jain is a Managing Director and Chief Director of our Company. He holds a bachelors degree Executive Officer of our Company. He holds a in civil engineering from t
Slide 43: Leadership Team
Leadership Team Rohan Suryavanshi Sanjay Bansal Head – Strategy & Planning Chief Financial Officer Rohan Suryavanshi joined DBL in 2007. Sanjay Kumar Bansal, 48 years of age, He holds a BA (Hons) in Commerce joined DBL in 2022. He is a Chartered from the University of Pune and an MBA Accountant and
Slide 44: Disclaimer
Disclaimer This presentation contains certain forward looking statements concerning DBL future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The ris
Slide 45: Thank You
Thank You Dilip Buildcon Limited S-Ancial Technologies Pvt. Ltd. Mr. Gautam Jain Ms. Jill Chandrani Registered Office : Plot No. 5, Inside Govind Narayan Singh Gate, Chuna Bhatti, Contact No : +91 75060 23955 Kolar Road, Bhopal Madhya Pradesh - 462 016 E-mail : jill@s-ancial.com L45201MP2006PLC01868