Markolines Pavement Technologies Limited · NSE:MARKOLINES
Markolines Pavement Technologies — Investor Presentation (July 2023)
38 slides from Markolines Pavement Technologies's investor presentation, July 2023
Slide 1: Markolines Pavement Technologies Ltd Investor Presentation July 2023
Markolines Pavement Technologies Ltd (Formerly Markolines Traffic Controls Ltd) India’s Leading Highway Maintenance Company PAVING THE PATH TOWARDS AN INNOVATIVE FUTURE INVESTOR PRESENTATION JULY 2023 Refer disclaimer 1
Slide 2: Contents
Contents About Us Industry Overview Financial Performance & Overview • Markolines in Numbers • Industry Overview (India) • Performance Highlights • Financial Highlights – FY23 • Opportunities • Half Yearly Profit & Loss • Business Rationale | At a glance • National Highway Developments • Annual Prof
Slide 3: Markolines in Numbers
Markolines in Numbers 197 Sqm of Microsurfacing work Lane KM Order book as on in India CIPR Work Experience 31st Mar 2023 (Rs.) in India All data points mentioned above are as on 31st March 2023 3
Slide 4: Financial Highlights for FY2023
Financial Highlights for FY2023 Growth in Growth in Growth in Growth in Revenue YoY EBITDA YoY PBT** YoY Net Profit YoY Improvement in Improvement in Unexecuted Improvement in Gross Margin ROE from 14.2% Order book ROCE from 23.7% (Rs.) ** Excluding extra ordinary items # All data as on 31st Mar 202
Slide 5: Business Rationale Markolines at a glance
Business Rationale Markolines at a glance Strengthening & Widening of Road Network 1 1 Founded in 2002 with single product: Road Marking is must for handling the growing needs of Indian economy Transformed into India's Largest Maintenance 2 With Various Government schemes such as Company in the high
Slide 6: Our Journey
OUR JOURNEY 2017 • Became India’s largest 2016 O&M Company • 300% growth in • Started Major Orderbook over last year 2014 Maintenance & Repairs in highway O&M (MMR) for highways • Ventured into Micro • Introduced • Received a single order surfacing Microsurfacing with fiber 2009 - 2012 of 125 kms fo
Slide 7: Our Journey
OUR JOURNEY 2023 2022 • Ventured in Specialized • Company achieves Construction Activity of 2021 Tunneling highest ever revenue with • Company name changed order book offering 2020 visibility of 2 years from to Markolines Pavement 2018 Technologies Limited FY22 levels. • Became the number one • Vent
Slide 8: Winning culture to take us forward
Winning culture to take us forward Excellent Efficient Customer Centric Regional & cultural Contingency & Risk and Proactive understanding management approach Focus on Strict adherence to 100% Compliance of Health, Safety, Security SOPs and statutory and Environment Ethical practices requirements (H
Slide 9: Core Services
Core Services HIGHWAY MAINTENANCE PREVENTIVE MAJOR MAINTENANCE & MAINTENANCE REPAIRS (MMR) SPECIALIZED MAINTENANCE SERVICES MICRO SURFACING COLD IN PLACE RECYCLING (CIPR) SPECIALIZED CONSTRUCTION SERVICES SOIL STABILIZATION TUNNELING 9
Slide 10: Preventive Maintenance
Highway Maintenance Preventive Maintenance ❑ Preventive maintenance is performed in response to triggers of deteriorating road condition that requires action before the problem gets out of hand. ❑ Roads are among the most important public assets involving massive investment. We help keep the roads t
Slide 11: Major Maintenance & Repairs (MMR)
Highway Maintenance Major Maintenance & Repairs (MMR) It involves removing one or more layers of the existing road and replacing them with new one. Being Major Projects, it requires meticulous planning and careful execution. ❑ A detailed study of the project is undertaken by an experienced team ❑ A
Slide 12: Micro surfacing
Specialised Maintenance Services Micro surfacing Micro surfacing is an eco-friendly surface treatment for preservation and corrective maintenance of roads. Micro surfacing is a mix of polymer modified asphalt emulsion, graded aggregate, cement, water and additives and is of two types: i. 4 mm to 6 m
Slide 13: Cold In Place Recycling (CIPR)
Specialised Maintenance Services Cold In Place Recycling (CIPR) CIPR involves removing and reusing the existing asphalt surface. It involves grinding off the top layer (up to 200mm) of the existing asphalt surface and mixing the crushed asphalt with foamed bitumen and placing it back down with a rec
Slide 14: Advantages of C.I.P.R
Advantages of C.I.P.R CIPR overlay lasts 10-15 years as compared to 5-8 years of traditional overlay (Subject to traffic and overloading) Shorter construction period, due to high production capacity CIPR can correct deep asphalt defects such as rutting, of recycling machines fatigue (alligator) crac
Slide 15: Soil Stabilization
Specialised Construction Services Soil Stabilization Soil stabilization is the process of treating soil of low bearing capacity with additives like cement, lime, or chemical agents to enhance its strength and improve moisture susceptibility. This treatment becomes very important while making new gre
Slide 16: Benefits of Soil Stabilization
Benefits of Soil Stabilization Higher resistance (R) values • Stabilization can increase the strength of a soil and/or control the shrink-swell properties of a soil, thus improving the load bearing Reduction in plasticity capacity of a sub-grade to support pavements and foundations • Soil Stabilizat
Slide 17: Tunneling
Specialised Construction Services Tunneling Tunnel is an artificial passage, especially one built through a hill, Mountain or under the ground or water to provide ease of operations in terms of convenience, distance and Logistic Speed. Due to the vast expanse and variety of terrain across India, the
Slide 18: Leadership Team
Leadership Team Mr. Sanjay B Patil Founder, Chairman and Managing Director • Founded Markolines as a road marking company in 2002. • Backed by a rich experience of over 25 years, he successfully transformed Markolines from a single product company to a leading player with large number of services in
Slide 19: Leadership Team
Leadership Team Mr. Karan Bora Director • A new entrant in the management to assist in the field of Business Development and Finance. • Karan is a young and energetic leader with high integrity. His knowledge of Engineering helps him to understand the business at core. His excellent communication an
Slide 20: Our Projects
Our Projects Founded in 2002 with single product: Road Marking, the company is today running several projects across the length and breadth of the country. 20
Slide 21: Our Clientele
Our Clientele cusestcHwars ASHOKA Highwa C8! THUAIRSAT MMRDA intva INFRASTRUCTURE TATA REALTY AND INFRASTRUCTURE LIMITED. SG GAMMON Builders to the Nation Ireon Soma Tolley Privat inited Hae weet = = = Markolines ‘ipa Surat Municipal @& Corporation RANK
Slide 22: Key Drivers (1/2)
Market Leadership 1 Markolines enjoys the clear leadership in the Market having about 30-35% of Market share. It is the only Company in India providing exclusive and complete array of services in Highway O&M. Track Record 2 Markolines have a strong track record of Operation and Maintenance of Highwa
Slide 23: Key Drivers (2/2)
First Mover Advantage 5 One of the key growth drivers for Markolines has been it’s ability to foresee new trends in the sector and explore new technology. They have ventured into specialized maintenance services such as Micro surfacing (MS), Cold In Place Recycling (CIPR) and Soil Stabilization. Mar
Slide 24: Industry Overview & Opportunity (India)
INDUSTRY OVERVIEW & OPPORTUNITY (INDIA) 24
Slide 25: Industry Overview (India)
Growing Private Sector Rapid Growth in National Highways Involvement Increased from 97,830 km in 2014-15 to 145,155 km in Expected in 2023-24 PPP such as 2022-23. TOT/HAM Road construction rate has increased from 12.1 km per day in 2014-15 to 28.6 km per day in 2021-22 Rising Budget Allocation Rs 1,
Slide 26: Industry Opportunity (India)
INDUSTRY OPPORTUNITY (INDIA) Huge Potential for TOT (Toll operate transfer) bundle Highway O&M sector 01 02 Plan to Monetize Road Assets through TOT Rs.8000-10000 Cr O&M Business bundles for Rs.60,000 to 1,00,000 Cr. Potential Every 5 years. Large Overseas Investment by FDI Each TOT bundle comprisin
Slide 27: National Highways Development Project (NHDP)
National Highways Development Project (NHDP) The National Highways have a total length of 1,40,995 km, which in totality serve as the arterial network of the country. The development of National Highways is the responsibility of the Government of India. The Government of India had launched major ini
Slide 28: Bharatmala Pariyojana
Bharatmala Pariyojana Bharatmala Pariyojana envisages 60% projects on Hybrid Annuity Mode, 10% projects on BOT(Toll) Mode and 30% projects on EPC mode respectively. Total aggregate length of 25,713 km with a total capital cost of Rs. 7,81,845 crore have been approved and awarded till date under Bhar
Slide 29: Bharatmala Pariyojana
Bharatmala Pariyojana Status of Appraisal and Award - Mode of Implementation-wise - Detailed Approved - Total Completed Corridor Type Awarded Yet to be awarded Awarded + Approved Length (km) Total Capital Cost Total Capital Cost Total Capital Cost Length (km) Length (km) Length (km) (Rs. In Cr.) (Rs
Slide 30: Financial Performance and Overview
Financial Performance and Overview 30
Slide 31: Performance Highlights for H2FY2023
Performance Highlights for H2FY2023 Growth in Growth in Growth in Net Improvement in EBITDA PBT** Profit EBITDA Margin Improvement in Improvement in Unexecuted Debt* : PBT Margin PAT Margin Order book Equity *Debt: Long term + Short Term ** Excluding extra ordinary items # All data as on 31st Mar 20
Slide 32: Half Yearly Profit & Loss Statement
Half Yearly Profit & Loss Statement Amounts in Rs Crore H2FY23 H1FY23 H2FY22 YoY FY23 FY22 YoY Particulars (Half Year end (Half Year end Sep’22) (Half Year end Mar’22) (%) (Full Year end Mar’23) (Full Year end Mar’22) (%) Mar’23) Total Income from Operations 160.05 152.38 110.73 44.53 312.43 186.9 6
Slide 33: Annual Profit & Loss Statement
Annual Profit & Loss Statement Amounts in Rs Crore Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 Revenue from Operations 73.20 171.11 157.71 186.64 311.80 Other Income 0.28 0.44 0.26 0.26 0.63 Total Income from Operations 73.49 171.55 157.97 186.90 312.43 EBITDA 9.29 18.12 13.30 23.03 28.23 PB
Slide 34: Balance Sheet
Balance Sheet Amounts in Rs Crore Particulars 2018-19 2019-20 2020-21 2021-22 2022-23 Non-Current Assets Property, Plant & Equipment 13.32 10.82 9.91 8.91 21.11 Non-Current Investment 0.01 0.01 0.01 0.01 8.38 Deferred Tax Assets (Net) -0.26 0.14 0.43 0.80 0.98 Long Term Loans and Advances 0.18 0.18
Slide 35: Order Book Summary
Order Book Summary Amounts in Rs Crore Opening Order Book Orders Executed in Order Book Segment as on 30-09-2022 H2FY23 as on 31-03-2023 Major Maintenance & Toll Operation* 578 193 385 Orders under finalization 500 * Includes Specialised maintenance services including Micro Surfacing and CIPR 35
Slide 36: Shareholding Pattern
Shareholding Pattern As on 31st March, 2023 Public 27.82 % Promoter & Promoter Group 72.18 % 36
Slide 37: Safe harbor statement
Safe harbor statement This presentation may contain certain forward-looking statements relating to Markolines Pavement Technologies Limited (hereinafter referred to as “Markolines” or “Company”) and its future business, development and economic performance. These statements include descriptions rega
Slide 38: For more information, Please contact
For more information, Please contact ® Markolines Pavement Technologies Limited KAPTIFY Consulting Parag Jagdale, Company Secretary & Compliance Officer Strategy & Investor Relations / Consulting +91 22- 6266 1111 (30 Lines) +91 98218 34550 company.secretary@markolines.com info@Kaptify.in https://ww
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