Antony Waste Handling Cell Ltd. · NSE:AWHCL
Antony Waste Handling Cell — Q3 FY2023 Earnings Presentation
36 slides from Antony Waste Handling Cell's earnings presentation, Feb 9, 2023
Slide 1: Exchange filing cover letter – Investor Presentation February 2023
CIN: L90001MH2001PLC130485West) - 400601Phone: 022 – 4213 0300 | Email: info@antonyasia.com | Website: www.antony-waste.com Ref.: AW/SEC/NSE/2022-23/100 Date: February 09, 2023 To, Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No.C-1, Block G, Bandra-Kur
Slide 2: Investor Presentation – February 2023
Antony Waste Handling Cell Limited Investor Presentation – February 2023
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: Leading Player in the Indian MSW Management Industry
Leading Player in the Indian MSW Management Industry Market Operational Strong Financial Leadership Excellence Performance CAGR (FY19-22) FY22 Operates Largest 2,091 2nd Revenue Single location waste processing Vehicle fleet(1) Largest Domestic Player plant in Asia 31% Rs. 667 cr. 9 States Adj. EBIT
Slide 5: 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 Rs. Rs. W2E 13% 18% 35,500 45 bn bn Size of Domestic Waste Landfill Size o
Slide 6: Presence Across Value Chain
Presence Across Value Chain Municipal Solid Waste Generation Collection & Transportation Only ~30-35% of the MSW generated and collected in India is scientifically Transfer Station (Secondary Storage & Segregation) processed Types of Organic Recyclables Inert waste Processing Bio- Reuse/ Composting
Slide 7: Key Milestones
Key Milestones ▪ Awarded C&T project by TMC ▪ Awarded 2 C&T projects by Nashik City ▪ Inception of the Company ▪ Awarded new C&T project by the ▪ Awarded Power sweeping project Nagpur Municipal Corporation Municipal Corporation ▪ Awarded MSW C&T project in Greater Noida for NMMC ▪ Awarded a new Powe
Slide 8: Our Core Competencies
Our Core Competencies Strong track record of Experienced management team project execution with strong domain expertise A leading service provider in Municipal Solid Waste management sector with end-to-end capabilities Access to technology backed vehicles Diversified business model and equipment ena
Slide 9: 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 10: …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 11: …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 across timelines in escalations Contract &
Slide 12: Experience in Project Execution Across the Country
Experience in Project Execution Across the Country Pan India Footprint of Type of Services Projects Particulars MSW C&T Mechanized MSW Construction Sweeping Processing & Demolition Thane Municipal Corporation ✓ Navi Mumbai Municipal Corporation ✓ ✓ Mangaluru Municipal Corporation – North and South Z
Slide 13: All India Ranking as per Swachh Bharat Survey – 2022
All India Ranking as per Swachh Bharat Survey – 2022 Ranking 3rd 5th 13th 19th 21st Navi Mumbai NOIDA Thane Pimpri Chinchwad Varanasi Population >10 Lakhs <10 Lakhs >10 Lakhs >10 Lakhs >10 Lakhs Leading Player in Indian Municipal Solid Waste Management Industry Ranking 27th 31st 37th 57th Nagpur MCG
Slide 14: One of the largest single location plant in Asia
One of the largest single location plant* in Asia 2010-2036 ~5,900 Tonnes Rs. 3/unit Plans to sell surplus electricity to BMC in Project Tenure Currently handling waste per day future ~14 Years 11.83 mmt ~60% Of waste generated in Mumbai is handled Balance Tenure Since project inception till Decembe
Slide 15: Waste to Energy - Pimpri Chinchwad Municipal Corporation
Waste to Energy - Pimpri Chinchwad Municipal Corporation Rs. 246 crore of total capex 30 acres of land will be provided 2019-2042 by PCMC Project Tenure ~21 Years ~800 tons of Municipal Solid Waste to be processed every day Balance Tenure (post COD) 11.5 MW @ Rs. 5 / Customer unit Net Energy generat
Slide 16: Access to Technology Backed Vehicles & Equipment
Access to Technology Backed Vehicles & Equipment Collection and Transportation Technological Intervention Small Tipper – Power Sweeping Drain Stilt Compactor - Dumper Placer - Big Tipper - Hook Loader - 1,372 390 Machine - 10 Machine & Others 46 66 47 Electric Vehicle – - 66 94 1,729 out of 2,091 ve
Slide 17: Promoters & Board of Directors
Promoters & Board of Directors Promoter Directors Jose Jacob Kallarakal Shiju Jacob Kallarakal Shiju Antony Kallarakkal ▪ Over 20 years experience in waste ▪ Over 20 years of experience in waste ▪ Over 20 years of experience in management management automobile sector and more than 6 ▪ Majorly respon
Slide 18: We are a ESG centric Business
We are a ESG centric Business Social Environmental ▪ Target to achieve LTIFR rate of <0.30 by FY 24. Conduct employee trainings Governance regularly on construction dangers, ▪ 3882 ton of CO2 equivalent ▪ Board of 6 members, headed by waste management, machine/ fire avoided during 9MFY23. Chairman &
Slide 19: 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 20: Emerging areas of growth
Emerging areas of growth Biomethanation Population Waste Qty Approx. Capex Treatment option Products (‘000) (TPD) (Rs. lakhs/TPD) o Anaerobic fermentation of bio-degradable waste in an enclosed space - generates methane rich bio-gas fuel and sludge, used for making compost o Like composting, biometh
Slide 21: Financial Highlights
anTony/waste Financial Highlights
Slide 22: Quarterly Highlights
Quarterly Highlights Total Revenue (Rs. in Cr) EBITDA (Rs. in Cr) Adjusted PAT (Rs. in Cr) 240 49 29 46 46 28 222 42 42 43 26 205 24 193 22 34 158 166 19 150 16 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY22 FY22 FY22 FY22 FY23 FY23 FY23 FY22 FY22 FY22* FY22 FY23 FY23 FY23* FY22
Slide 23: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (in Rs. Cr) Q3FY23 Q3FY22 Y-o-Y Q2FY23 Q-o-Q 9MFY23 9MFY22 Y-o-Y Revenue from MSW C&T 113.9 109.0 5% 115.6 -1% 344.5 308.8 12% Revenue from MSW Processing 43.8 39.3 11% 44.8 -2% 129.7 112.9 15% Total operating Revenue 157.7 148.3 6% 160.4 -2% 474.
Slide 24: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Assets (Rs. in Cr) 30-Sep-22 31-Mar-22 Equity & Liabilities (Rs. in Cr) 30-Sep-22 31-Mar-22 Non - Current Assets 780.2 618.5 Total Equity 588.0 532.7 Property Plant & Equipment 147.6 114.4 Share Capital 14.1 14.1 CWIP 50.5 8.9 Reserves & Surplus 449.6 402.6 Right
Slide 25: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. in Cr) H1FY23 H1FY22 Net Profit Before Tax 65.8 56.4 Adjustments for: Non -Cash Items / Other Investment or Financial Items 26.4 25.4 Operating profit before working capital changes 92.2 81.9 Changes in working capital (47.1 ) (25.8) Cash generated f
Slide 26: Credit Rating
Credit Rating Detailed Rationale AWHCL Rating Current Rating Previous Rating • Ratings of Antony Lara Enviro Solutions Private Limited (ALESPL), material subsidiary of the Company continue to reflect: Long term Bank facilities CARE BBB; Stable CARE BBB-; Stable • Extensive industry experience of the
Slide 27: 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 (%) 29.7% 30.0% 18.3% 667 28.3% 16.9% 27.1% 16.1% 25.0% 15.5% 14.7% 99 113 167 140 85 130 71 465 481 151 82 89 52 46 46 62 132 298 133 FY18 FY19 FY20 FY21
Slide 28: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (in Rs. Cr) FY22 FY21 FY20 FY19 FY18 Revenue from MSW C&T 417.2 297.3 269.0 166.5 169.3 Revenue from MSW Processing 150.8 131.9 133.2 76.5 60.7 Total operating Revenue 568.0 429.2 402.2 243.0 230.0 Contract & Others 98.7 51.5 62.4 55.5 58.0 Total
Slide 29: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Assets (Rs. Cr) Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Equity & Liabilities (Rs. Cr) Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Non - Current Assets 618.5 481.2 475.8 426.4 300.6 Total Equity 532.7 442.6 299.9 235.4 185.7 Property Plant & Equipment 114.4 123.9 137.9 57.6 40.
Slide 30: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. in Cr) Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Net Profit Before Tax 112.7 70.6 82.0 47.7 48.8 Adjustments for: Non -Cash Items / Other Investment or Financial Items 52.9 48.6 54.2 34.7 25.6 Operating profit before working capital changes 165.6 119.2 136.
Slide 31: Annexures
y ANTONY Annexures
Slide 32: Quality Cum Cost Based Bidding Process
Quality Cum Cost Based Bidding Process ▪ Project area analysis ▪ Feasibility study - Project report ▪ Compliance with various covenants for project ▪ Key Execution & Admin. risks closure ▪ Route map study ▪ For projects on operation and maintenance basis, ▪ Previous contracts in the site area entire
Slide 33: Group structure
Group structure JV Partner Lara Central De Tratamento De Residuos LTDA, Brazil 27% 73% 100% 100% 100% 100% 51% 49% 73% 25% Collection and Collection, Integrated waste Collection and Mechanical power transportation and Management transportation of transportation of sweeping of roads processing of fac
Slide 34: Our Operations & Facilities
Our Operations & Facilities Material Recovery Facility Bio-reactor Landfill Gas Collection Composting 33
Slide 35: 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 36: Thank You
Thank You Company : Investor Relations Advisor : CIN: L90001MH2001PLC130485 CIN: U74140MH2010PTC204285 Mr. Subramanian NG Mr. Jigar Kavaiya / Mr. Pratik Shah E: investor.relations@antonyasia.com E: jigar.kavaiya@sgapl.net / p.s.shah@sgapl.net T: +91 9920602034 / +91 9870030585 www.antony-waste.com w
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