Antony Waste Handling Cell Ltd. · NSE:AWHCL
Antony Waste Handling Cell — Q1 FY2025 Earnings Presentation
43 slides from Antony Waste Handling Cell's earnings presentation, Aug 9, 2024
Slide 1: Exchange filing cover letter
CIN: L90001MH2001PLC130485West) - 400601Phone: 022 – 4213 0300 | Email: info@antonyasia.com | Website: www.antony-waste.com Ref.: AW/SEC/NSE/2024-25/30 Date: August 9, 2024 To, Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No.C-1, Block G, Bandra-Kurla C
Slide 2: Q1FY25 Investor Presentation
Antony Waste Handing Cell Limited Q1FY25 Investor Presentation
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Antony Waste Handling Cell Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 4: Key Milestones Achieved During Q1FY25
Key Milestones Achieved During Q1FY25 Record WTE plant in Pimpri 1,875+ achieved an Sale of Refuse impressive Plant Load Hours of Training Derived Fuel Factor of ~89% Provided 27 million+ 1.18 million+ Green Units Avoided Tonnes of Waste generated through 3,353 tonnes of CO2e Managed * PCMC WTE Plan
Slide 5: Consolidated Financial Highlights – Q1FY25
Consolidated Financial Highlights – Q1FY25 MMT of Waste Managed ~1.18 ₹ 233 Cr. Total Revenue Tonnes of Refuse Derived Fuel Sold ~34,000 ₹ 55 Cr. EBITDA Tonnes of Compost Sold ~6,000 ₹ 21 Cr. Profit After Tax Sustainability with Growth …….. 4
Slide 6: Committed to Sustainability with Growth
Committed to Sustainability with Growth…….. Market Operational Strong Financial Leader Excellence Performance Operates Largest Single location waste processing 2,259 Revenue FY24 Leading plant in Asia Player in SWM Industry Vehicle fleet(1) ₹ 896 cr. 9 States Net Profit FY24 Processing ~90% (Project
Slide 7: Industry Dynamics
Industry Dynamics India’s Waste Management Industry has enormous growth potential On average India practices higher open dumping vs global average Waste Management Industry (FY22) Compost Recycled Global Indian 10% 5% Compost ₹ ₹ W2E 13% 18% 35,500 45 bn bn Size of Domestic Waste Landfill Size of Gl
Slide 8: Presence Across Value Chain
Presence Across Value Chain Municipal Solid Waste Generation Collection & Transportation Transfer Station (Secondary Storage & Segregation) Types of Construction & Organic Recyclables Inert waste Demolition Processing Bio- Reuse/ Composting methanation Gasification Incineration Pyrolysis Landfilling
Slide 9: Journey of Antony so far
Journey of Antony so far…. Awarded a new C&T project by Jhansi Smart City Limited Awarded a new Bio-mining contract by GNIDA Awarded a new C&T project for NMMC Awarded new C&T project from City - Sadar Paharganj Awarded MSW Wins Kanjurmarg landfill project Awarded mechanized sweeping p
Slide 10: Our Core Competencies
Our Core Competencies Access to technology Experienced management team with backed vehicles and strong domain expertise equipment enables us to manage our operations efficiently A leading service provider in Diversified business Municipal Solid Waste model management sector with end- to-end capabili
Slide 11: End-to-end waste management capabilities
End-to-end waste management capabilities… Involves door to door collection of MSW from households, commercial establishments etc. 1 Door to door collection Strong C&T capabilities with a large fleet of vehicles. Transportation 2 Waste is transported to the processing facility, transfer station or a
Slide 12: …with diversified revenue streams
…with diversified revenue streams… MSW C&T MSW Processing Contract & Others 62% 23% 15% Revenue Revenue Revenue Contribution Contribution Contribution • Door to door collection through primary collection • Involve sorting & segregating waste received from • Integrated mechanical & manual sweeping of
Slide 13: …and a De-Risked business model
…and a De-Risked business model. Factors de-risking the business model Revenue from operations Staggered revenue Partly hedged for (Rs. In Cr) % Revenue stream major costs C&T of MSW Contribution Projects diversified Tipping Fees with built- MSW Processing 130 across timelines in escalations Contrac
Slide 14: Experience in Project Execution Across the Country
Experience in Project Execution Across the Country Collection and Mechanised Waste Processing & Construction and Transportation Sweeping Disposal Demolition Waste Greater Noida 25 Jaypee International Sports Greater Noida CIDCO Jhansi Ongoing projects Mumbai – Borivali & Dahisar Nagpur Nashik Nagpur
Slide 15: All India Ranking as per Swachh Bharat Survey – 2023
All India Ranking as per Swachh Bharat Survey – 2023 Ranking 3rd 14th 7th 13th 1st Navi Mumbai NOIDA New Delhi Pimpri Chinchwad Varanasi Category >1 Lakh >1 Lakh >1 Lakh >1 Lakh Cleanest Ganga Population Population Population Population Towns Leading Player in Indian Municipal Solid Waste Management
Slide 16: One of the largest single location plant in Asia
One of the largest single location plant* in Asia 2010-2036 ~5,800 Tonnes ~90% Project Tenure Currently handling waste per day Of waste generated in Mumbai is handled at Kanjurmarg site ~13 Years 15.24 mmt Project scope Balance Tenure Since project inception till June 2024 • Design, Construction, op
Slide 17: Integrated Waste-to-Energy Project
Integrated Waste-to-Energy Project Inaugurated on August 1, 2023 by Shri Narendra Modi, Hon’ble Prime Minister of India Project is estimated to save ~7 lakhs tons of CO2 annually, equivalent to ~1.5 lakhs passenger Integrated Project Pre-processing, Composting, Power cars' emissions. generation and
Slide 18: Access to Technology Backed Vehicles & Equipment
Access to Technology Backed Vehicles & Equipment Collection and Transportation Technological Intervention Small Tipper – Drain Stilt 1,425 Compactor - Dumper Placer - Power Sweeping Big Tipper – Machine & Others Hook Loader - Electric Vehicle – 443 53 Machine - 14 91 47 - 93 93 2,212 out of 2,259 ve
Slide 19: Promoters & Board of Directors
Promoters & Board of Directors Promoter Directors Jose Jacob Kallarakal Shiju Jacob Kallarakal Shiju Antony Kallarakal ▪ >20 years experience in waste ▪ > 20 years of experience in waste ▪ > 20 years of experience in automobile management management sector and more than 6 years in waste ▪ Majorly re
Slide 20: Our Strategy
Our Strategy Capitalize on growth opportunities in MSW management sector Continue with rational selection of projects and strategically expand our geographical footprint Moving up MSW value chain by diversifying into emerging waste management areas Focus on enhancing operational efficiency Cluster b
Slide 21: Emerging areas of growth
Emerging areas of growth Biomethanation Waste Population Approx. Capex Qty Treatment option Products (‘000) (Rs. lakhs/TPD) o Anaerobic fermentation of bio-degradable waste in an enclosed space - (TPD) generates methane rich bio-gas fuel and sludge, used for making compost o Like composting, biometh
Slide 22: An ESG Centric Business
An ESG Centric Business Sustainability with Growth …….. 21
Slide 23: Sustainable Synergy: Our Commitment to Environmental Stewardship
Sustainable Synergy : Our Commitment to Environmental Stewardship 1 2 3 4 5 6 7 At Kanjur, Greenhouse Specialised Company and 64 Mn+ of Leachate Air Emissions making Refuse gases captured Fleet comply two of its Green Units treatment are within Derived Fuel to from BLF with latest material generated
Slide 24: People-First Principles: Fostering Social Growth and Inclusion
People-First Principles : Fostering Social Growth and Inclusion 1 2 3 4 5 6 7 Implementation of The POSH policy is >80% of our sites All our Employees Responsible & CSR initiatives All sites adhere to Regular Training implemented with are having and Workers are Ethical Suppliers focused on best prac
Slide 25: Integrity in Leadership: Governing with Transparency and Accountability
Integrity in Leadership: Governing with Transparency and Accountability 1 2 3 4 5 6 Diverse 6-member Audit, Nomination Vigil Mechanism/ Code of Conduct The Anti-Corruption There are no Board, led by the Remuneration, and Whistle-blower applies to all and Bribery Policy unresolved investor Chairman &
Slide 26: ESG Performance at Glance
ESG Performance at Glance Scope 1 Emission Scope 2 Emission Emissions Avoided •6,199 (tCO2e) •1,000 (tCO2e) •3,353 (tCO2e) Human Resource Gender Diversity Attrition Rate •Staff – 1,114 •Staff - 4.22% •Staff – 2.25% •Swachhta Warrior – 9,338 •Swachhta Warrior – 2.39% •Swachhta Warrior – 1.81% Trainin
Slide 27: Financial Highlights
y ANTONY /) WASTE Financial Highlights
Slide 28: Quarterly Highlights
Quarterly Highlights Total Revenue (Rs. in Cr) EBITDA (Rs. in Cr) PAT (Rs. in Cr) 56 55 52 32 240 50 30 49 29 46 28 233 44 230 227 39 23 222 223 34 21 218 16 16 210 205 12 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY23 FY23 FY23 FY23 FY24 FY24 FY24 FY24 FY25 FY
Slide 29: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (in Rs. Crs) Q1FY25 Q1FY24 Y-o-Y Q4FY24 Q-o-Q FY24 FY23 Y-o-Y Revenue from MSW C&T 136.4 125.2 9% 140.2 -3% 557.5 468.4 19% Revenue from MSW Processing 61.4 52.7 17% 55.5 11% 208.6 174.5 19% Total operating Revenue 197.8 177.9 11% 195.7 1% 766.1 6
Slide 30: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Assets (Rs. Crs) Mar-24 Mar-23 Equity & Liabilities (Rs. Crs) Mar-24 Mar-23 Non - Current Assets 1,059.2 893.0 Total Equity 718.4 616.8 Property Plant & Equipment 271.8 190.3 Share Capital 14.2 14.1 CWIP 31.2 31.3 Reserves & Surplus 559.5 471.6 Right-of-Use Asset
Slide 31: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. Crs) Mar-24 Mar-23 Net Profit Before Tax 109.1 102.3 Adjustments for: Non -Cash Items / Other Investment or Financial Items 69.9 64.2 Operating profit before working capital changes 179.0 166.5 Changes in working capital -12.2 -42.5 Cash generated fr
Slide 32: Credit Rating
Credit Rating Company Name Agency Rating Amount (in Lakh) Instrument Detailed Rationale CARE BBB+; Stable 1,650 Working Capital Limits Antony Waste CARE Rating • Ratings of Antony Lara Enviro Solutions Private Limited (ALESPL), Handling Cell CARE A3+ 1,900 Bank Guarantee material subsidiary of the C
Slide 33: Consolidated Financial Highlights
Consolidated Financial Highlights PBT before exceptional item Revenue (Rs. in Cr) EBITDA (Rs. in Cr) & EBITDA Margin (%) (Rs. in Cr) & PBT Margin (%) 896 877 30.0% 18.3% 27.1% 22.5% 16.9% 130 25.0% 12.2% 19.2% 14.7% 11.7% 113 232 102 167 168 202 667 140 85 209 130 109 71 99 175 481 465 151 52 62 FY2
Slide 34: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (in Rs. Crs) FY24 FY23 FY22 FY21 FY20 Revenue from MSW C&T 557.5 468.4 417.2 297.3 269.0 Revenue from MSW Processing 208.6 174.5 150.8 131.9 133.2 Total operating Revenue 766.1 643.0 568.0 429.2 402.2 Contract & Others 130.4 232.2 98.7 51.5 62.4 T
Slide 35: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Assets (Rs. Crs) Mar-24 Mar-23 Mar-22 Mar-21 Mar-20 Equity & Liabilities (Rs. Crs) Mar-24 Mar-23 Mar-22 Mar-21 Mar-20 Non - Current Assets 1,059.2 893.0 618.5 481.2 475.8 Total Equity 718.4 616.8 532.7 442.6 299.9 Property Plant & Equipment 271.8 190.3 114.4 123.
Slide 36: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. Crs) Mar-24 Sep-23 Mar-23 Mar-22 Mar-21 Mar-20 Net Profit Before Tax 109.1 73.0 102.3 102.3 70.6 82.0 Adjustments for: Non -Cash Items / Other Investment or Financial Items 69.9 19.6 64.2 51.6 48.6 54.2 Operating profit before working capital changes
Slide 37: Annexures
y, ANTONY Annexures
Slide 38: Quality Cum Cost Based Bidding Process
Quality Cum Cost Based Bidding Process ▪ Project area analysis ▪ Compliance with various covenants for project ▪ Feasibility study - Project report closure ▪ Key Execution & Admin. risks ▪ For projects on operation and maintenance basis, ▪ Route map study entire vehicle fleet is required to be retur
Slide 39: Current Group structure
Current Group structure JV Partner Lara Central De Tratamento De Residuos LTDA, Brazil 27% 73% 100% 100% 100% 100% 51% 49% 25% 73% Integrated waste Collection and Collection and Providing Waste Mechanical power Management Management transportation of transportation of sweeping of roads Solutions thr
Slide 40: Proposed Group structure
Proposed Group structure JV Partner Lara Central De Tratamento De Residuos LTDA, Brazil 27% 73% 100% 100% Kerzellion Facility Management Services PROPOSED Pvt. Ltd. MERGER 98% 51% 49% 2% Collection and transportation of waste Providing Waste Integrated waste Management Management facility Solutions
Slide 41: Our Operations & Facilities
Our Operations & Facilities Material Recovery Facility Bio-reactor Landfill Gas Collection Composting Sustainability with Growth …….. 40
Slide 42: Abbreviations
Abbreviations ▪ ALESPL: Antony Lara Enviro Solutions Private Limited ▪ SLF: Sanitary Landfill ▪ AWHCL: Antony Waste Handling Cell Limited ▪ SWM: Solid Waste Management ▪ BN : Billion ▪ TMC: The Thane Municipal Corporation ▪ BLF: Bio-Reactor Landfill ▪ TPD: Ton / Day ▪ C&T: Collection and Transportat
Slide 43: Thank You
Thank You Company : Investor Relations Advisor : CIN: L90001MH2001PLC130485 CIN: U74140MH2010PTC204285 Mr. Subramanian NG Mr. Jigar Kavaiya / Mr. Pratik Shah E: Investor.relations@antonywaste.in E: jigar.kavaiya@sgapl.net / p.s.shah@sgapl.net T: +91 9920602034 / +91 9870030585 www.antony-waste.com w
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