Sadbhav Infrastructure Project Ltd. · NSE:SADBHIN
Sadbhav Infrastructure Project — Investor Presentation (July 2014)
44 slides from Sadbhav Infrastructure Project's investor presentation, July 2014
Slide 1: Sadbhav Infrastructure Project Ltd. Corporate Presentation
Sadbhav Infrastructure Project Ltd. Corporate Presentation July, 2014
Slide 2: Agenda
Agenda Sr. No 1 Executive Summary 2 Corporate Structure 3 Promoter Background 4 Company Overview 5 Business Overview - SIPL 6 Key Competitive Strengths – SIPL 7 Industry – Key Trends 8 Annexure 2
Slide 3: Executive Summary
Executive Summary • SEL, incorporated in 1988, is engaged in Engineering, Procurement and Construction (EPC) business for Transport, Mining and Water sector − Well diversified order book of ~Rs 89,407 mn as on March 2014 with presence in 12 different states − Strong in-house integrated execution cap
Slide 4: Corporate Structure
Corporate Structure Sadbhav Engineering Ltd 78.23% EPC Business Sadbhav Infrastructure Project Ltd (SIPL) $ BOT Project Portfolio ^ Stake 1 Aurangabad Jalna Tollway Ltd (AJTL) 100% 20.00% 2 Ahmedabad Ring Road Infrastructure Limited (ARRIL) 80% 3 Mumbai Nasik Expressway Limited( MNEL) 20% Transport
Slide 5: Promoter Background
Promoter Background
Slide 6: Sadbhav Engineering Ltd - Overview
Sadbhav Engineering Ltd - Overview SEL is one of India’s leading Infrastructure Companies…. Demonstrated Track record in Leading Infrastructure Player Strong EPC Capabilities Financial Strength Road Development • Diversified presence in • One of India’s largest road • One of the few • Strong relatio
Slide 7: SEL - EPC Business
SEL - EPC Business SEL has a strong reputation for completing projects ahead of schedule; has received appreciation and bonus for excellent quality & early completion of projects… Transport Irrigation Mining Constructed more than 4,500 lane Constructed more than 260 kms of Excavated more than
Slide 8: Standalone Financials - SEL
Standalone Financials - SEL Balance Sheet (Rs mn) FY14 FY13 FY12 Income Statement (Rs mn) FY14 FY13 FY12 Share Capital 151.7 150.9 150.4 Income from Operations 23,581.2 18,109.9 26,755.5 Money recd. against Share Expenditure 21,087.2 16,552.5 23,852.7 231.5 - - Warrants EBIDTA 2,494.0 1,557.4 2,902.
Slide 9: Sadbhav Infrastructure Project Ltd.
Sadbhav Infrastructure Project Ltd.
Slide 10: SIPL - Snapshot
SIPL - Snapshot Company • Incorporated in 2007 , SIPL is a subsidiary of SEL • SIPL is an asset holding company for road BOT projects with a net worth of Rs 8,547.5 mn in FY14 • It has a portfolio of 13 road BOT assets Shareholding (post conversion of SEL – 78.23% CCPS and CCD) Norwest Venture Partn
Slide 11: Milestones - SIPL
Milestones - SIPL Revenue (FY 14) – Rs 3,968 mn Awarded SUTPL, RBTPL, RHTPL, MBHPL 2011-14 Achieved COD of BHTPL, RPTPL, HYTPL, DPTL, Achieved COD of 11 Check Posts in PE of Rs 4,000 mn by Norwest Venture Partners & Xander MBCPNL Awarded BHTPL, HYTPL, DPTL, RPTPL 2009 - 2011 Acquired 100
Slide 12: Visionary Board of Directors
Visionary Board of Directors Mr. Vishnubhai Patel Promoter Chairman & Managing Director of SEL and Director of SIPL Promoter of SEL with >40 years of experience in the construction business SEL successfully completed various canal works for one of the worlds largest irrigation projects i.e. Sard
Slide 13: Project Management and Evaluation Skills
Project Management and Evaluation Skills Key Criteria for Asset Selection Preliminary Project Focus on selection of only road projects at the time of initial evaluation across opportunities in infrastructure sub-sectors Evaluation Projects with minimal issues related to land acquisition, environme
Slide 14: Business Overview - SIPL
Business Overview - SIPL
Slide 15: SIPL – Business Overview
SIPL – Business Overview Current business : SIPL is engaged in o EPC work for MBCPNL pertaining to IT & allied works, computer hardware, software, electronic equipment, electrification, canopy works, road signage & gantry works and furniture/accessory related works o Advisory and Project Managemen
Slide 16: Operating Assets
Operating Assets Particulars AJTL ARRIL MNEL NSEL BHTPL Stake 100% 80% 20% 100% 77% Project Type Toll Toll Toll Annuity Toll Project Details State Maharashtra Gujarat Maharashtra Maha/MP Karnataka JV Partner N.A Patel Infra Pvt Ltd Gammon Infra N.A Monte Carlo Ltd Client Govt. of Maha. AUDA NHAI NHA
Slide 17: Operating Assets
Operating Assets Particulars RPTPL MBCPNL@ HYTPL DPTL Stake 100% 90% 60% 27% Project Type Toll Service Fee Toll Toll Project Details State Haryana Maharashtra A.P Maharashtra JV Partner N.A SREI Infra GKC Projects HCC Group Client NHAI Govt. of Maha. NHAI NHAI Length (km) 80.9 22 Border CPs 35.7 89.
Slide 18: Under Construction Assets
Under Construction Assets Particulars SUTPL RBTPL RHTPL MBHPL Stake 100% 100% 100% 50% Project Details Project Type Toll Toll Toll Annuity State Rajasthan Rajasthan Haryana Karnataka Client NHAI NHAI NHAI Govt. of Karnataka Length (km) 79.3 87.3 98.8 193.4 Concession Start 18-Apr-13 9-Oct-13 20-Dec-
Slide 19: Key Competitive Strengths
Key Competitive Strengths
Slide 20: SIPL – A compelling Investment Proposition
SIPL – A compelling Investment Proposition 1 Attractive Portfolio of Assets One of India’s largest Sizeable operational portfolio Strategically located along unlisted operating road ensuring sustained future Fully funded portfolio main freight corridors portfolio cash flows No further external infus
Slide 21: High Share of Operating Assets
High Share of Operating Assets Yearly Operational Assets Addition MBHPL RHTPL RBTPL SUTPL SUTPL RPTPL RPTPL RPTPL MBCPNL* MBCPNL MBCPNL BHTPL BHTPL BHTPL BHTPL HYTPL HYTPL HYTPL HYTPL DPTL DPTL DPTL DPTL DPTL NSEL NSEL NSEL NSEL NSEL NSEL MNEL MNEL MNEL MNEL MNEL MNEL AJTL AJTL AJTL AJTL AJTL AJTL A
Slide 22: Strategically Present Across Important NHs with High Industrial Traffic Growth
Strategically Present Across Important NHs with High Industrial Traffic Growth Share of Freight Traffic in Overall PCU Traffic (FY2014) Ahmedabad Ring Road Dhule - Palasner Ludhiana 78% 89% Gurgaon Rohtak - Panipat Mumbai - Nasik Bijapur – Hungund Delhi Agra Jodhpur Jaipur Lucknow Kanpur Varanasi 70
Slide 23: Rational Bidding Strategy
Rational Bidding Strategy 1. Target projects in states which are stable and consistently outperforming, having GDP growth above the national average Presence in Gujarat, Maharashtra, Rajasthan, Karnataka & Haryana 2. Focuses on Returns - not indulged in aggressive bidding, track record demonstrate
Slide 24: Strong Project Management Capabilities Future Business Strategy
Strong Project Management Capabilities 1. Aggressive follow-up with the Clients/Authorities for possession of land and other clearances thereby ensuring project is completed on time and within the envisaged project cost. 2. Strong in financial management – Have undertaken all types of financing opti
Slide 25: Industry – Key Trends
Industry – Key Trends
Slide 26: Key Trends
Key Trends Low competition for new projects – improvement in project dynamics Decline in competitive intensity has resulted in shrinking premium in the bids which would in turn improve the project dynamics for the Aggressive bids and funding constraints – Steady Progress in Road Construction devel
Slide 27: Key Challenges
Key Challenges Constraints in Bank Delays in Obtaining Funding Clearances Banks are being more cautious while lending to road Many projects faced delays in getting environmental projects since many of the banks are approaching clearance and forest clearance, which discouraged their sectoral exposure
Slide 28: Road Network in India – Growth Drivers
Road Network in India – Growth Drivers • Institution support – To provide support to mainstreaming PPPPs (4Ps) with a corpus of Rs 500 crs 1 Union Budget 2014 – 15 • Banks to be encouraged to extend long term loans to infrastructure sector with flexible structuring …infrastructure back in focus • Re
Slide 29: Annexures
Annexures
Slide 30: Operational Projects
Operational Projects sadihav
Slide 31: ARRIL
ARRIL • Located around Ahmedabad city in circular pattern just 10 kms away from the state capital Gandhinagar Location • It serves as a by-pass road and crosses 19 major radial roads of the city • Provides interstate connectivity between Gujarat and Maharashtra, Rajasthan and Madhya Pradesh • Connec
Slide 32: AJTL
AJTL Project road is located in the heart of Maharashtra wherein Section-I (50 kms) starts from Aurangabad airport and ends at Jalna by-pass. Location Section II of the project (16 kms) starts from Zalta by-pass and ends at Beed by-pass Connectivity to vast industry hinterland area viz, Aurangab
Slide 33: DPTL
DPTL • The project road starts from MP/MH Border & ends at Dhule. It is a part of NH-3 (AB Road) which connects Agra to Mumbai. Major Location towns/cities enroute in DPTL area are Palasner, Sangvi, Shirpur, Varshi, Nardana, Songir and Dhule • Major highways NH-3 and NH-6 intersect at Dhule. NH-6 se
Slide 34: HYTPL
HYTPL • Starts at Hyderabad and ends near Raigiri at the junction of Yadagirigutta Road Location • It is on of the busiest sections of NH-202, carries both local and inter-state traffic • An important link connecting highly industrialised cities Hyderabad & Warangal which attracted most of the traff
Slide 35: BHTPL
BHTPL • Project is part of the Bijapur-Hungund section of NH- 13. The entire project is located in the state of Karnataka • It caters to North-South traffic, originating from Location Bengaluru to Delhi • It connects Chitradurga the industrial area of NH-13 Karnataka to Solapur in Maharashtra • Sign
Slide 36: MBCPNL
MBCPNL • MBCPNL, first of its kind project in India has 22 Border check post located around Maharashtra state with a objective to facilitates RTO Location checks, sales tax and excise clearances, weighment of vehicles and IT support to ensure that there are no delays or tax leakages • Connectivity w
Slide 37: Projects – MBCPNL: Checkpost Status
Toll revenue started Projects – MBCPNL: Checkpost Status Check Post Adjoining State Situated on Status Acchad Gujarat NH-8 Toll revenue started Major Haddakhed Madhya Pradesh NH-3 Toll revenue started Navapur Gujarat NH-6 Toll revenue started Kagal Karnataka NH-4 Under Construction Big Deori Chhatti
Slide 38: MBCPNL: Services Offered
MBCPNL: Services Offered Services Electrical & Support Road works Computer works Miscellaneous works Electronic equipment infrastructure Design & development Installation and Development of Development of Landscaping and of entry and exit points maintenance of various necessary infra. for the lighti
Slide 39: RPTPL
RPTPL • Project is part of the Rohtak-Panipat section of NH-71A. The entire project is located in the state of Haryana NH-1 Location IOC refinery • It caters to long distance traffic, originating from Textile Cluster Rajasthan, Maharashtra, Gujarat to Northern states like National Fertilizer Punjab,
Slide 40: Under Construction Projects
Under Construction Projects 40
Slide 41: SUTPL
SUTPL Key Description of the Project Stretch NH-8 leading to New Delhi • Project is part of the Shrinathji-Udaipur section Project / of NH-8. The entire project is located in the Rajsamand – Major Muble Location state of Rajasthan Cluster in India • The total length of the stretch is ~79 km Udaipur
Slide 42: RBTPL
RBTPL Key Description of the Project Stretch Textile Hub with a turnover of INR 10,000 Cr p.a. • Project is part of the Bhilwara-Rajsamand section of Project / NH-758. The entire project is located in the state of Major Marble Clusters in Location Rajasthan (Around 20% of Rajasthan India’s Marble re
Slide 43: RHTPL
RHTPL Key Description of the Project Stretch • Project is part of the Rohtak-Hissar section of Project / NH-10. The entire project is located in the Location state of Haryana HSIIDC Industrial Area • The total length of the stretch is 83 km Proposed International Cargo Terminal Industrial Modern Tow
Slide 44: Thank You
Thank You
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