Slide 1: Corporate Presentation June 2017
C O R P O R AT E P R E S E N TAT I O N June 2017 1
Slide 2: Executive Summary
Executive Header Summary Goes Here • MEP Infrastructure Developers Ltd (MEP), is one of the leading players for OMT and Toll Collection projects in India. Company CompanyOverview Overview • Founded in 2002 by current promoters Mr Dattatray Mhaiskar and Jayant Mhaiskar, MEP commenced operations with
Slide 3: Company Overview
Header Goes Here COMPANY OVERVIEW COMPANY OVERVIEW 3
Slide 4: Company Profile
Header CompanyGoes Here Profile Leading and Diversified Player Revenue Mix – FY17 EPC, LT, Since commencing operations in 2002 from a pure toll collection business model, MEP has evolved 3.70% 10.50% into a diversified Infrastructure company having operations in OMT and Toll collections and its re
Slide 5: Key Milestones
Key Milestones Header Goes Here Crossed INR 10,000 mn of revenue in MEPIDL (in JV with Sanjose India) forayed 2016 Awarded the Mumbai Entry a single financial year (FY 12) for the into road development with Hybrid Annuity Points Projects on OMT basis for first time model projects 16 years with
Slide 6: Diversified Project Portfolio With Pan-India Presence
Diversified Header Project Goes HerePortfolio With Pan-India Presence Current Portfolio Across Six States In India Current Project Mix Long Short Location OMT Term Term HAM BOT Total Toll Toll Maharashtra 2 1 - 4 1 8 Rajasthan - - 1 - - 1 Gujarat - - - 2 - 2 Uttar Pradesh Rajasthan Uttar Pradesh - -
Slide 7: Corporate Structure
Corporate Header Structure Goes Here MEP Infrastructure Developers Limited Long Term OMT Projects HAM Projects BOT Projects Other Subsidiaries / Associate Toll Collection Projects MIPL - MEP Infrastructure Arawali Kante MEP HS - MEP Highway Solutions Private Private Limited (99.99%) RTBPL - Rideema
Slide 8: Experienced Promoters and Board Of Directors
Experienced Header GoesPromoters Here and Board Of Directors Name & Designation Experience Dattatray P. Mhaiskar Founding Director and Promoter of the Company Chairman, Non Independent and Holds a Diploma in Civil Engineering from Sir Cursow Wadia Institute of Electrical Technology, Pune Non Exe
Slide 9: Key Management
Key Management Header Goes HereTeam Name & Designation Experience Uttam Pawar Bachelor’s degree in Commerce from Shivaji University, Kolhapur with over 25 years of experience in tolling business Chief Tolling Officer Previously associated with Ideal Road Builders Private Limited Sameer Apte Ba
Slide 10: Key Management
Key Management Header Goes HereTeam Name & Designation Experience Dinesh Padalkar Bachelor’s degree in Commerce from University of Mumbai with over 16 years of experience in audit Assistant Vice President, Toll Audit Previously associated with IRB Infrastructure Developers Limited, Yash Jewels a
Slide 11: Business Overview
Header Goes Here BUSINESS OVERVIEW 11
Slide 12: Understanding The Business Model
Understanding Header The Business Model Goes Here Risks borne by Concessionaire Types Description Revenue Stream Concession Period Award Criteria Development Financing Traffic ~ 1 year Private party collects toll during the (Short-term) Highest revenue Tolling concession period and pays the estimate
Slide 13: Short Term (ST) Toll Collection Projects
Short Term Header (ST) Goes Toll Collection Projects Here Short Term Toll projects do not require any initial capex and bear no maintenance responsibility. The concessionaire are not required to provide any upfront payments to the authorities, rather only a performance security (funded / non-funded)
Slide 14: Long Term (LT) Toll Collection Projects
Long Term Header (LT)Here Goes Toll Collection Projects Long Term Toll projects do not require any initial capex and have no maintenance responsibility. The concessionaire is not required to provide Upfront payment to Authority under NHAI, although upfront payments to authorities are required for ce
Slide 15: Operate-Maintain-Toll (OMT) Projects
Operate-Maintain-Toll(OMT) Header Goes Here Projects OMT projects do not require any initial capex but have a maintenance responsibility. The concessionaire is not required to provide Upfront payment to Authority(NHAI). Payment to Authority is an operational expense and needs to be paid from toll ca
Slide 16: Hybrid Annuity Model (HAM)
Header Goes Here Hybrid Annuity Model (HAM) HAM projects require initial capex wherein 60% of project cost is financed by the developer and is to be recovered as bi-annual payments from the authorities over 15 years. Out of total project cost, the balance 40% is invested by the government during t
Slide 17: Our Project Timelines
Our Project Header GoesTimelines Here Long Term Toll Operate Maintain Toll Mumbai Entry Points Kalyan Shilphata Rajiv Gandhi Sea link Vidyasagar Setu Hyderabad- Banglore Short Term Toll Hybrid Annuity Model Construction Period Annuity Period Mahuva Kagavadar Brijghat Talaja Mahuva Nagpur Package II
Slide 18: Competitive Advantage
Header Goes Here COMPETITIVE ADVANTAGE 18
Slide 19: Leadership Position In OMT And Toll Collection In India
Leadership Header GoesPosition HereIn OMT And Toll Collection In India Leading Player In The OMT No. of Projects Awarded Lane (Km) Estimated Project Cost (INR mn) 5 5 2,550 2,400 4150 2,200 3,400 3,000 1,600 2,600 2 2 1,050 1,850 1 MEPIDL PATH DRAIPL SMS PI MEPIDL PATH DRAIPL SMS PI MEPIDL PATH DRAI
Slide 20: Integrated Structure with in-house capabilities
Integrated Header Structure Goes Here with in-house capabilities In-house business development team prepares tendering documents for all the bids. Tendering Company’s ability to tender appropriately depends significantly on the assessment of the future traffic patterns and the amount of toll to
Slide 21: Use Of Advanced Technology For Toll Collection
Use Of Advanced Header Technology For Toll Collection Goes Here Use of Advanced Technology for Toll Collection leads to improved Operational Efficiency And Transparency ETC System: Electronic Toll Collection (ETC) systems are based on prepaid mode of toll collection either through smart cards or R
Slide 22: Strategic Relationships
StrategicGoes Header Relationships Here Collaboration with Sanjose India Marquee Projects by Sanjose LOUVRE ABU DHABI MUSEUM SANJOSE is a diversified global company present in over twenty countries around Europe, America, Asia and Africa. Its main business lines are: Construction, Energy and Envir
Slide 23: Industry Overview
Header Goes Here INDUSTRY OVERVIEW 23
Slide 24: Indian Road Sector On Revival Path
Indian Road Header GoesSector HereOn Revival Path The total length of the National highways is expected to cross ~200,000 km in next 5 years. Significant Pickup In New Projects a) This expansion will include ~ 25,000 km under Bharat Mala Project and declaration of ~75,000 km of State highways as Nat
Slide 25: Evolving Trend in Project Awards - EPC vs BOT vs HAM
EvolvingGoes Header Trend Here in Project Awards - EPC vs BOT vs HAM Length Awarded On EPC, BOT and Hybrid - Annuity Formats During 2005-06 to 2015-16 (In Km) 6,400 5,058 3,065 3,360 3,149 2,364 1,608 1,390 1,145 1,116 1,244 643 703 873 345 89 221 377 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY1
Slide 26: Outlook On OMT, TOLL, HAM & TOT Models
Outlook Goes Header On OMT, TOLL, HAM & TOT Models Here According to CRISIL estimates, the total stretch under OMT model for NHAI and key states (combined) is expected to double from ~ 5,600 km in 2014 -15 to ~ 11,600 km by 2018-19. OMT The total number of OMT projects is expected to increase fr
Slide 27: Infrastructure Investment Trust (InvIT)
Infrastructure Header GoesInvestment Here Trust (InvIT) Key Highlights InvIT Framework Sponsor Institutional Investors Not more than 3 The Sponsor is required to hold a minimum of 25% stake in the InvIT. SEBI has proposed to relax the minimum Sponsor holding to Listing is Mandatory Asset Managemen
Slide 28: Financial Overview
Header Goes Here FINANCIAL OVERVIEW 28
Slide 29: Yearly P&L Statement as per Ind-AS
Yearly P&L Header Statement Goes Here as per Ind-AS In INR Mn Particulars FY17 FY16 YoY% Total Revenues from Operations 17,291 19,052 -9.2% Other Income 864 757 14.1% Operating and Maintaining Expenses 3,280 2,600 26.2% Employee Expenses 734 744 -1.3% Other Expenses 389 400 -2.8% Depreciation & Amor
Slide 30: Consolidated Balance Sheet as per Ind-AS
Consolidated Header GoesBalance Here Sheet as per Ind-AS In INR Mn Particulars in INR Mn FY17 FY16 Particulars in INR Mn FY17 FY16 Equities & Liabilities Assets Shareholder's Funds Non-Current Assets Share Capital 1,626 1,626 Fixed Assets 508 609 Other Equity -1,705 -2,750 Capital Work-in-Progress 2
Slide 31: FY17 Financial Highlights as per Ind-AS
FY17 Financial Header Highlights as per Ind-AS Goes Here REVENUE FROM OPERATIONS (INR Mn) EBIT (INR Mn) & EBIT MARGIN 7,000 31.2% 35.0% 29.3% 21,000 6,000 19,000 5,000 25.0% 4,000 17,000 3,000 15.0% 15,000 19,052 17,291 2,000 5,943 5,072 13,000 1,000 5.0% FY16 FY17 FY16 FY17 PAT (INR Mn) & PAT MARGI
Slide 32: Capital Market Information
Header Capital GoesInformation Market Here Share Price Performance Market Data As on 02.06.2017 MEP Infra SENSEX 140% Market Capitalization (INR Mn) 12,875 120% 100% No. of shares outstanding (Mn) 162.6 80% 60% Face Value (INR) 10.0 40% 20% 52 week High-Low (INR) 82.0 – 34.00 0% 1 Year Daily Average
Slide 33: Disclaimer
Header DisclaimerGoes Here MEP infrastructure Developers Ltd. Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such inf