Welspun Enterprises Ltd. · NSE:WELENT
Welspun Enterprises — Investor Presentation (May 2023)
34 slides from Welspun Enterprises's investor presentation, May 2023
Slide 1: Welspun Enterprises Limited Investor Presentation
WELSPUN ENTERPRISES LIMITED BSE: 532553 | NSE: WELENT |ISIN: INE625G01013 Investor Presentation May 2023
Slide 2: Safe Harbor
Safe Harbor The information contained in this presentation is provided by Welspun Enterprises Limited (the “Company”). Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is subject to
Slide 3: Welspun Enterprises At a glance
Welspun Enterprises At a glance PAN INDIA ASSET LIGHT STRONG DIVERSIFIED MODEL PRESENCE EXECUTION PORTFOLIO Operational excellence Across UP, Bihar, through complex Demonstrated execution Across Road, Water and Tamil Nadu, Haryana, engineering solutions, core with Record completion time Wastewater V
Slide 4: Creating Value through a Clear Strategy
Creating Value through a Clear Strategy Bid for selective projects Leverage knowledge Deploy right mix of contractors & Higher engineering complexity – support them for seamless Focus on project planning and hence Lower competition execution engineering solutions - Moving Core project executio
Slide 5: Advantage WEL
ADVANTAGE WEL
Slide 6: Proven track record
Proven track record ~570 km ₹ 41,330+ Mn Delhi Meerut Expressway Experience of operating ~70 km Welspun Enterprises’ completed portfolio ~570 km of Toll projects includes the Delhi–Meerut Expressway / Robust road portfolio National Expressway 3 which was featured as an Engineering Marvel of India Ca
Slide 7: Strong platform set for future growth
Strong platform set for future growth Robust portfolio of Road and Current order ₹ 101 Bn* Water projects book at (excluding GST) Segment Break-up Order Book Break-up 40% 81% ROAD EXTERNAL 60% W AT E R CAPTIVE 19% Current Order Book provides strong revenue growth visibility * As on March 31 st, 2023
Slide 8: Way forward
Trends towards Diversification Trends in Order Book Break-up WEL Portfolio (in ₹ Mn) 1,01,000 EPC of 90,490 Other HAM , EPC, 4% Water EPC, 17.0% 60.0% 41,330 FY17 Q4 FY23 EPC of BOT, 10.0% EPC of HAM , Road EPC, 96% 13.0% Development EPC* Development (Divested) Way Continue approach of prudent bid s
Slide 9: Continuous Focus on Value Creation
Continuous Focus on Value Creation De-risked execution model Focused on Strong presence across segments: Development (HAM & BOT) and Building High-Value High-Margin Value unlocking from assets Execution EPC Projects excellence with Diversified roads & Water Completed Projects – ready to Low Leve
Slide 10: Through an experienced Management
Through an experienced Management Sandeep Garg Lalit Jain Neeraj Gupta Yogen Lal Rajesh Jain Managing Director Chief Financial Vertical Head (ROADS) Vertical Head (Water) Chief Human Resource Officer Officer 24 years of experience in Civil engineer with Harvard graduate with ~40 ICWA: Costin
Slide 11: Robust Financial Metrics
Robust Financial Metrics Revenues EBITDA Net Debt/ (Net Cash) / Equity (x) 0.24 0.22 0.11 0.04 0.02 0.02 -0.63 17,394 17,600 14,102 13,069 26,764 2,916 9,972 1,801 2,567 2,589 1,978 1,819 3,353 785 FY17 FY18 FY19 FY20 FY21* FY22* FY23 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY17 FY18 FY19 FY20 FY21 FY22
Slide 12: Favorable Industry Dynamics
Favorable Industry Dynamics NHAI Bharatmala Budget 2023 ~₹ 2.7 tn ~₹ 1.62 tn Pariyojana Central Road Fund 36% 21% 550 Over FY23 Over FY23 Districts 19 % (NH Linkages) Vision 2025 Total expenditure by the Allocation towards NHAI To optimise efficiency of Increase in allocation for for Roads Ministry
Slide 13: Industry dynamics - Roads Sector
Industry dynamics - Roads Sector Attractive Opportunities & Strong Policy support Road Construction Per NHAI Awards and Day (km) Execution (km)* 16,000 6,318 6,306 18% Km 5,337 45 18% of projected infrastructure 4,788 National Highways to expand by investment of ₹111 trillion in NIP 4,325 16,000 km
Slide 14: Industry dynamics - Water & Wastewater Sector
Industry dynamics - Water & Wastewater Sector Urban Water & Sanitation - ₹ 12.6 tn capital expenditure to be Households with piped-water supply Additional spent in building Water Infrastructure in rural areas ₹ 600 bn ( ₹ TN) (IN %) ₹3.3 tn Will be spent in building Water Infrastructure Allocated fo
Slide 15: Financials
Financials
Slide 16: Highway Portfolio Monetization - Actis Deal
Highway Portfolio Monetization - Actis Deal Contract Authority In ₹ mn 23,090 Project Name Status Type /Client 17,150 Delhi-Meerut Expressway (Pkg 1) HAM NHAI COD achieved 1.5x Chutmalpur-Ganeshpur HAM NHAI COD achieved Gagalheri-Saharanpur-Yamunanagar HAM NHAI COD achieved Chikhali-Tarsod HAM NHAI
Slide 17: Income Statement Snapshot - Standalone
Income Statement Snapshot - Standalone Particulars (₹ Mn) Q4 FY23 Q4 FY22 YoY % FY23 FY22 YoY % Revenue from Operations 8,240 4,672 76% 26,764 13,069 105% Other Income 597 104 473% 986 378 161% Total Income 8,836 4,776 85% 27,750 13,447 106% EBITDA 1,509 845 79% 3,353 1819 84% EBITDA margin 17.1% 17
Slide 18: Income Statement Snapshot - Consolidated
Income Statement Snapshot - Consolidated Particulars (₹ Mn) Q4 FY23 Q4 FY22 YoY % FY23 FY22 YoY % Total Income 9,165 4,941 85% 29,016 13,993 107% EBITDA 1,662 934 78% 3,911 2071 89% EBITDA margin 18.1% 18.9% -77 bps 13.5% 14.8% -132 bps PBT Before Exceptional Item 1,263 655 93% 2,584 1,054 145% Exce
Slide 19: Balance Sheet Snapshot - Standalone
Balance Sheet Snapshot - Standalone Balance Sheet Snapshot (₹ Mn) 31st March 23 31st Mar 2022 Net worth 24,652 18,942 Gross Debt 2,917 5,018 ‐ Long Term Debt 0 5,018 ‐ Short Term Debt (Working Capital Loan) 181 0 Cash & Cash Equivalents# 18395 1,883 Net Debt / (Cash) -15,478 3,135 Other Long-Term Li
Slide 20: Welspun Group and CSR
Welspun Group and CSR
Slide 21: Welspun Group overview
Welspun USD2.3 Bn USD1.6 Bn 9Manufacturing Facilities 26,000+ Group Revenue Group Assets in India, USA, and Saudi Workforce Group Net Fixed Assets Arabia overview Global leader in Home Amongst world’s largest Robust portfolio of Integrated Grade-A Textiles Line-Pipe Roads & Water Infra Warehousing S
Slide 22: CSR initiatives
CSR EDUCATION ENVIRONMENT EMPOWERMENT initiatives Our social mission is enshrined within the 3Es i.e. Education, Empowerment and Environment & Health Project Gyankunj Project Model Village Welspun Super Sports Women To enhance the teaching & learning To create a sustainable rural community To identi
Slide 23: Awards, Accreditation & Accolades
Awards, Accreditation & Accolades Letter of appreciation by Prime Minister of India ASSOCHAM Unique Project of the Year Award Appreciation by Shri Narendra Modi presented by Shri Nitin Gadkari Shri Nitin Gadkari, Union Minister Letter of appreciation by Honorable Parliamentarian “Gold award” in Exce
Slide 24: Appendix: Infrastructure Portfolio
APPENDIX Infrastructure Portfolio Existing Projects 1 HAM: Aunta ‐ Simaria (Ganga Bridge with Approach Roads) 2 HAM: Sattanathapuram – Nagapattinam 3 EPC: Varanasi Aurangabad NH2 Project 4 EPC: UP State Water and Sanitation Mission 5 EPC: Dharavi Wastewater Treatment Facility (Mumbai) 6 BOT: Dewas W
Slide 25: Diversified Infrastructure Portfolio
Diversified Infrastructure Portfolio Project Names Contract Type Authority / Client Status Aunta-Simaria HAM NHAI Under Execution Road Assets Sattanathapuram-Nagapattinam (SNRP) HAM NHAI Under Execution Varanasi Aurangabad NH2 Project (VARP) EPC SIVAPTL Under Execution Water/ Wastewater Dewas Water
Slide 26: HAM Project details: Aunta-Simaria
HAM Project details Aunta-Simaria Project Length (Kms) Acquisition Date 08.15 Km Aug 2018 (Ganga Bridge with Financial Closure Achieved Approach Roads) Appointed Date Scheduled Construction Period 30th Aug 2018 42 Months^ Concession Period after COD 15 Years SCOPE Six- Laning from Aunta-Simaria ^ EO
Slide 27: HAM Project details: Sattanathapuram-Nagapattinam
HAM Project details Sattanathapuram- Project Length (Kms) Award Date 55.755 Km July 2018 Nagapattinam Financial Closure Achieved (SNRP) Appointed Date Scheduled Construction Period 5th Oct 2020 24 months^ Concession Period after COD 15 Years SCOPE 4 laning of Sattanathapuram to ^ EOT up to September
Slide 28: EPC Project details: Varanasi Aurangabad NH2
EPC Project details Varanasi Aurangabad NH2 Project Length (Kms) 192.4 Original Contract Project Commencement Date 30th Sep 2021 (VARP) Construction Period 24 Months Additional Contract SCOPE Construction Start Date May 2022 Six laning of Varanasi – Aurangabad section of NH-2 from km 786.00 to Const
Slide 29: EPC Project details: UP State Water and Sanitation Mission
EPC Project details UP State Water and Project Scope Water Supply to Villages Sanitation Mission Est aggregate contract value ₹ 29,000 Mn (excluding O&M value and GST) SCOPE Rural Water Supply project under Jal Jeevan Mission by State Water S No. Revenue District No of Sanitation Mission UP, scope D
Slide 30: ₹29,000 Mn worth order under execution
₹29,000 Mn worth order under execution Lead Partner in Joint Venture with Empanelled by the UP-State Water Execution of EPC Projects of 2,544 in EPC water Kaveri Infraprojects Limited, Hyderabad 70 : 30 and Sanitation Mission, Namami Gange and Rural Water Supply villages for the Project of Survey, D
Slide 31: EPC Project details: Wastewater Treatment Facility Mumbai
EPC Project details Wastewater Treatment 60 Months for Design Build, 15 Contract period years of operation and Facility - Mumbai Sewage maintenance Disposal Project Welspun Enterprises 80% share in JV SCOPE Design, Build, Operation and Maintenance of 418 MLD Dharavi Status Wastewater Treatment Facil
Slide 32: BOT Dewas Water
BOT Concession Dewas Sector Project Name Location COD End Water Water Supply Dewas Water* MP Apr-20 Jun-37 *Dewas Water – Modified Project Modified project involves the supply of treated water of up to 23 MLD to industrial customers in Dewas FY23 revenue stands at ₹124.9 mn with EBITDA of ₹66.7
Slide 33: Investment in Oil & Gas blocks
Investment Block Name Location AWEL Stake WEL Effective Status in Oil & Gas MB-OSN-2005/2 Mumbai 100.0% Stake 35.0% AWEL drilled a well and had made a hydrocarbon blocks: Offshore discovery wherein three layers have proven to be gas bearing, two layers have flown good amount of gas to surface. A dis
Slide 34: Thank You
Thank You For further details please contact CORPORATE OFFICE WELSPUN ENTERPRISES LIMITED Welspun House, 5th Floor, Kamala Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400 013, India E-mail: investorrelations_WEL@welspun.com Mr Salil Bawa, Head – Group Investor Relations Mr. Siddharth
Welspun Enterprises — Investor Presentation (May 2023) on 6ix