Ashoka Buildcon Limited · NSE:ASHOKA
Ashoka Buildcon — Q3 FY20 Earnings Presentation
19 slides from Ashoka Buildcon's earnings presentation, Feb 8, 2020
Slide 1: Stock exchange cover letter for result presentation
ASHOK,1 Ashoka Buildcon Limited To, To, The Manager, The Manager, The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P. i. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai —400 001 Bandra (East), Mumbai —400051
Slide 2: Result Update Presentation Q3FY20
Developing Infrastructure for Better Tomorrow Developing Infrastructure for Better Tomorrow RESULT UPDATE RESULT UPDATE PRESENTATION | Q3FY20 PRESENTATION | Q3FY19
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Ashoka Buildcon Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securi
Slide 4: Key Developments
Key Developments Revenue (Rs Mn) Received LOA worth Rs. 10,000 Mn for road project under Bharatmala Pariyojna in Telangana under Hybrid Annuity Mode (HAM) Project entails Four laning of NH-161 from Kandi (Km 498.250 of NH-65) to Ramsanpalle (Design 26,827 25,113 Km 39.980/Existing Km 44.757) on Hy
Slide 5: Standalone Profitability Highlights (as per IND-AS)
Standalone Profitability Highlights (as per IND-AS) Rs mn Q3 FY20 Q3 FY19 Y-o-Y(%) Q2 FY20 Q-o-Q(%) 9M FY20 9M FY19 Y-o-Y(%) Total Income from Operations 9,836 10,651 8,223 26,827 25,133 Other Income 369 254 392 1,103 777 Revenue 10,205 10,905 -6.4% 8,615 18.5% 27,930 25,910 7.8% Operating Expenses
Slide 6: Consolidated Profitability Highlights (as per IND-AS)
Consolidated Profitability Highlights (as per IND-AS) Rs mn Q3 FY20 Q3 FY19 Y-o-Y(%) Q2 FY20 Q-o-Q(%) 9M FY20 9M FY19 Y-o-Y(%) Total Income from Operations 12,804 13,665 10,378 34,863 33,333 Other Income 229 159 152 568 499 Revenue 13,033 13,824 -5.7% 10,530 23.8% 35,431 33,832 4.7% Operating Expens
Slide 7: Debt Profile as of December 2019
Debt Profile as of December 2019 Consolidated Debt (Rs. Mn) Project Debt incl. ACL NCD Standalone Debt 58,803 58,810 4,581 5,146 54,222 53,664 Sep'19 Dec'19 Consolidated Debt beak-up (Rs. Mn) Standalone Debt beak-up (Rs. Mn) Standalone debt 5,146 - Equipment loan 2,159 Project debt 52,164 - Working
Slide 8: EPC Business Highlights
ASHOKA EPC BUSINESS HIGHLIGHTS
Slide 9: EPC order backlog of Rs. 81 bn, 2.1x FY19 Revenue
EPC order backlog of Rs. 81 bn, 2.1x FY19 Revenue Order backlog of Rs 81 bn as on 31st December, 2019 Segment Rs. Mn Segment Rs. Mn Roads 59,806 Others HAM 34,109 Power T&D & Others 10,458 HAM: Khrar - Ludhiana, Punjab 3,071 Maharashtra 289 HAM: Anandpuram 3,136 Bihar 2,937 HAM: Vadodara Kim, Gujara
Slide 10: Order Book- Break-up (As on December 31, 2019)
Order Book- Break-up (As on December 31, 2019) Robust Order Book Order Book Break-up (%) 0.9% 95,373 12.3% 83,940 81,683 * 80,924 # 74,855 ^ 12.9% 42.1% 31.8% Dec'18 Mar'19 Jun'19 Sep'19 Dec'19 Road HAM Road EPC Power T&D & Others Railways CGD * Excludes LoA received for HAM Tumkur – Shivamoga IV ^
Slide 11: EPC business financial performance
EPC business financial performance Figures in Rs Mn Revenue# EBITDA and EBITDA Margin 17% 15% 15% 16% 17% 39,363 6,309 25,461 27,930 4,670 20,245 20,852 3,912 3,383 3,146 FY16 FY17 FY18 FY19 9MFY20 FY16 FY17 FY18 FY19 9MFY20 PAT and PAT Margin Order Book 5% 8% 9% 7% 8% 83,940 80,924 * 70,047 2,862 5
Slide 12: Development Business
ASHOKA DEVELOPMENT BUSINESS
Slide 13: Gross toll collection
Gross toll collection (Rs. Mn) Q3 FY 20 Q3 FY 19 Y-o-Y (%) Q2 FY 20 Q-o-Q (%) ACL BOT Projects Belgaum Dharwad 234.0 233.1 0.4% 212.5 10.1% Dhankuni - Kharagpur 906.6 866.8 4.6% 915.1 -0.9% Bhandara 179.6 168.3 6.7% 168.3 6.7% Durg 199.7 199.3 0.2% 190.3 4.9% Jaora - Nayagaon 438.6 497.3 -11.8% 432.
Slide 14: Toll collection: ACL projects
Toll collection: ACL projects Figures in Rs Mn Company Ashoka Belgaum Dharwad Tollway Ltd. Company Ashoka Dhankuni Karagpur Tollway Ltd. Rs. Million Rs. Million Project Belgaum Dharwad Project Project Dhankuni Karagpur Project Period 2017-18 2018-19 2019-20 % rise Period 2017-18 2018-19 2019-20 % ri
Slide 15: Toll collection: ACL projects
Toll collection: ACL projects Company Jaora - Nayagaon Toll Road Company Pvt Ltd. Rs. Million Project Jaora – Nayagaon Road Project Period 2017-18 2018-19 2019-20 % rise April-June 473.5 516.4 459.8 -11.0% July-Sept 502.6 516.4 432.4 -16.3% Oct-Dec 529.9 497.4 438.6 -11.8% Jan-Mar 523.1 489.7 - - 2,
Slide 16: Toll collection: ABL owned projects
Toll collection: ABL owned projects Figures in Rs Mn Company Ashoka Buildcon Ltd. Ashoka DSC Katni Bypass Road Ltd. Project Ahmednagar - Aurangabad Road Katni Road Project Period 2017-18 2018-19 2019-20 % rise 2017-18 2018-19 2019-20 % rise April-June 64.4 93.7 83.6 -10.7% 55.4 58.1 59.9 3.0% July-S
Slide 17: Standalone Profitability Highlights (as per IND-AS)
Standalone Profitability Highlights (as per IND-AS) Rs mn FY19 FY18 Y-o-Y(%) Total Income from Operations 38,206 24,483 Other Income 1,157 978 REVENUE 39,363 25,461 54.6% Operating Expenses 33,055 21,548 EBITDA 6,309 3,912 61.3% EBITDA margin 16.0% 15.4% Interest 907 485 Depreciation 763 532 Profit
Slide 18: Consolidated Profitability Highlights (as per IND-AS)
Consolidated Profitability Highlights (as per IND-AS) Rs mn FY19 FY18 REVENUE 50,072 36,546 IND-AS accounting treatment for CCDs in Operating Expenses 35,358 24,635 Ashoka Concession EBITDA 14,714 11,911 CCDs issued to SBI Macquarie treated as Financial EBITDA margin 29.4% 32.6% Liability & Record
Slide 19: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Ashoka Buildcon Ltd. Stellar IR Advisors Pvt. Ltd. Mr. Paresh Mehta Mr. Gaurang Vasani / Ms. Hina Agarwal paresh.mehta@ashokabuildcon.com vgaurang@stellar-ir.com / hina@stellar-ir.com CIN : L45200MH1993PLC071970 CIN : U