Slide 1: Exchange filing cover letter for Investor Presentation
Date: May 10, 2024 To To BSE Limited National Stock Exchange of India Ltd. Listing Department Exchange Plaza, C-1, Block G P.J Tower, Dalal Street BandraKurla Complex, Mumbai – 400001 Bandra (E), Mumbai – 400051 Stock Symbol -540047 Stock Symbol –DBL Sub: -Investor Presentation Pursuant to applicabl
Slide 2: Earnings Presentation Q4 & FY23-24
DILIP BUILDCON LIMITED Earnings Presentation Q4 & FY23-24 www.dilipbuildcon.com
Slide 3: Table of Content
Table of Content Business Highlights 03 Standalone Financial Highlights 13 Consolidated Financial Highlights 21 Equity and divestment Tracker 23 Strategic partnership with Alpha Alternatives 26 Key Projects Update 30 Company Overview 35
Slide 4: Business Highlights
Business Highlights DILIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND
Slide 5: Business Highlights FY23-24
Business Highlights FY23-24 WON 6 NEW PROJECTS COMPLETED 9 PROJECTS DIVESTMENT WORTH ₹ 36,022 Mn OTHER KEY HIGHLIGHTS WORTH ₹ 66,761 Mn STATUS Shrem InvIT : 100% equity Net worth crossed Won 6 projects worth Completed stake divested in 9 HAM ₹ 50,000 Mn ₹ 36,022 Mn in the 5 HAM worth ₹ 36,384 Mn sta
Slide 6: New Projects Won in FY23-24
New Projects Won in FY23-24 ₹ in Mn. Name of Contract Value Period in which Vertical Wise New Orders Project Name Type State Employer excluding GST order won Malhargarh Pressurized Madhya Water Resource Micro Lift Major Irrigation Irrigation 6,990 Q1 Pradesh Department MP Project Urban Development R
Slide 7: Projects Completed in FY23-24
Projects Completed in FY23-24 ₹ in Mn. Scheduled Date of Actual Early Name of EPC Cost Project Name State Type of Work Completion including EOT Completion Completion the Employer excluding GST (Extension of Time) Date Days NHAI Pathrapali-Kathghora Package II Chhattisgarh HAM 4,878 01.08.2023 16.06.
Slide 8: Order Book – as on 31st March 2024
Order Book – as on 31st March 2024 ₹ in Mn. Vertical Wise Model Wise Special Bridge, Urban Development, ₹3,938 , (2%) ₹2,700 , (2%) Tunnel, ₹12,725 , (7%) Road, ₹65,117 , (37%) Mining, HAM, 37.2% ₹9,360 , (5%) Metro, ₹9,688 , (6%) EPC, 62.8% Water Supply, ₹29,618 , (17%) Irrigation, ₹41,170 , (24%)
Slide 9: Order Book as on 31st March 2024
Order Book as on 31st March 2024 Business Division wise order book – ₹ 174,316 Mn. ROADS & HIGHWAYS IRRIGATION METRO WATER SUPPLY ₹ 65,117 Mn. ₹ 41,170 Mn. ₹ 9,688 Mn ₹ 29,618 Mn 37.36% 23.62% 5.56% 16.99% www.dilipbuildcon.com | EARNINGS PRESENTATION Q4 FY24 | 8 |
Slide 10: Order Book as on 31st March 2024
Order Book as on 31st March 2024 Business Division wise order book – ₹ 174,316 Mn. SPECIAL BRIDGES & TUNNEL AIRPORT MINING URBAN DEVELOPMENTS ₹ 12,725 Mn ₹ 9,360 Mn ₹ 6,638 Mn NIL 7.30% 5.37% 3.80% Note: during current quarter, the Company has added new vertical as Railway: Won project worth ₹. 10,9
Slide 11: Order Book – Year-wise Trend
Order Book – Year-wise Trend ₹ in Mn. 274,114 255,945 253,950 238,881 211,718 190,816 174,316 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Note: During the quarter, an EPC Project of Amadand OCP of Rs.22,737 Mn removed from the order book, as both the parties agreed to cancel the same due to unavailability of
Slide 12: Order Book as on 31st March 2024
Order Book as on 31st March 2024 ₹ in Mn. Completed Ongoing Ongoing order % to total ongoing State Geography wise order book contract value contract value book order book Madhya Pradesh 1,45,589 61,594 38,308 21.98% Gujarat 20,673 51,466 29,069 16.68% Goa, 1.55% Jharkhand 16,128 46,897 28,829 16.54%
Slide 13: HAM Portfolio
HAM Portfolio ₹ in Mn. Sr No. Particulars Bid project cost Remarks 19 HAM Projects: • Shrem Group/Shrem Invit - 15 Projects -100% Divested. 1 Project -49% divested & awaiting NHAI permission for balance 51% divestment • Cube Highways-3 Projects -100% Divested 1 24 Completed HAM Projects 304,834 5 HA
Slide 14: Standalone Financial Highlights
Standalone Financial Highlights
Slide 15: Standalone Result Summary – Q4 FY24 vis-à-vis Q4 FY23
Standalone Result Summary – Q4 FY24 vis-à-vis Q4 FY23 (y-o-y) (₹ in Mn) Revenue from Operations EBITDA excl. other income Profit after Tax 2.57% 29.56% 112.18% 28,573 29,308 2,720 3,524 583 1,237 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 www.dilipbuildcon.com | EARNINGS PRESENTATION Q4 FY24 |
Slide 16: Standalone Result Summary – FY24 vis-à-vis FY23
Standalone Result Summary – FY24 vis-à-vis FY23 (₹ in Mn) Revenue from Operations EBITDA excl. other income Profit after Tax 4.13% 31.44% 90.26% 101,195 105,373 9,884 12,992 2,218 4,220 FY23 FY24 FY23 FY24 FY23 FY24 www.dilipbuildcon.com | EARNINGS PRESENTATION Q4 FY24 | 15 |
Slide 17: Standalone Results Update
Standalone Results Update ₹ in Mn. Particulars Q4 FY24 Q4 FY23 Y-o-Y (%) Q3 FY24 FY23-24 FY22-23 Y-o-Y (%) Revenue 29,308 28,573 2.57% 25,711 105,373 101,195 4.13% Less:- Operating expenses 25,784 25,853 -0.27% 22,526 92,381 91,311 1.17% EBITDA excl. other income 3,524 2,720 29.56% 3,185 12,992 9,88
Slide 18: Standalone Balance Sheet
Standalone Balance Sheet ₹ in Mn. Particulars Mar’24 Mar’23 Particulars Mar’24 Mar’23 ASSETS EQUITY AND LIABILITIES Non-current assets Equity (a) Property, plant and equipment 11,195 13,252 (a) Equity share capital 1,462 1,462 (b) Capital work in progress - - (b) Other equity 50,403 44,569 TOTAL EQU
Slide 19: Standalone Cash Flow
Standalone Cash Flow ₹ in Mn. Particulars Q4 FY24 9M FY24 FY24 Particulars Q4 FY24 9M FY24 FY24 CASH FLOW FROM OPERATING ACTIVITIES CASH FLOW FROM INVESTING ACTIVITIES Net profit before tax as per Statement of Profit and Loss 2,169 4,190 6,359 Purchase of Fixed Assets (675) (1,039) (1,714) Adjustmen
Slide 20: Quarterly - Net Working Capital Days
Quarterly - Net Working Capital Days 107 109 93 89 102 85 97 96 96 97 82 94 91 79 86 76 75 71 70 72 68 82 80 67 75 65 67 58 59 58 56 49 49 47 48 48 48 44 42 106 111 113 121 120 126 127 124 119 117 118 115 114 Mar'21 June'21 Sep'21 Dec'21 Mar'22 June'22 Sep'22 Dec'22 Mar'23 Jun'23 Sep'23 Dec'23 Mar'2
Slide 21: Quarterly - Net Debt To Equity Ratio
Quarterly - Net Debt To Equity Ratio ₹ in Mn. 0.79 0.76 0.73 0.73 0.66 0.63 0.61 0.58 0.52 0.51 0.54 0.43 0.53 0.51 0.53 0.51 0.48 0.48 0.36 0.46 0.44 0.42 0.29 0.38 0.32 0.25 0.23 0.25 0.22 0.2 0.17 0.15 0.13 0.1 0.08 0.09 0.05 0.04 0.04 Mar'21 June'21 Sep'21 Dec'21 Mar'22 Jun'22 Sep'22 Dec'22 Mar'
Slide 22: Consolidated Financial Highlights
Consolidated Financial Highlights
Slide 23: Consolidated Profit & Loss
Consolidated Profit & Loss ₹ in Mn. Particulars Q4 FY24 Q4 FY23 Q3 FY24 FY23-24 FY22-23 Revenue from Operations 33,656 28,411 28,768 120,119 106,436 Other income 504 103 248 1,442 680 Total Income 34,160 28,514 29,016 121,561 107,116 Less:- Expenses Cost of materials consumed 28,712 25,669 24,250 10
Slide 24: Equity and divestment Tracker
Equity and divestment Tracker
Slide 25: Equity and Divestment Tracker
Equity and Divestment Tracker ₹ in Mn. Actual Balance Equity FY 25 FY 26 FY 27 FY28 FY29 FY30 Particulars Invested Equity Requirement Projected Projected Projected Projected Projected Projected till Mar-24 required 16 HAM Projects 21,827 12,654 9,173 5,057 3,036 1,026 54 - - Siarmal Coal – MDO 5,766
Slide 26: Status of Divestment - HAM Projects to Shrem InvIT
Status of Divestment - 10 HAM Projects to Shrem InvIT During December 22, DBL Group signed definitive 2 Projects 51% equity shareholding and 1 Project 49% equity shareholding agreements with Shrem InvIT for divestment of 10 transferred during Q1 & Q2 -FY24 and HAM Projects for a Valuation of ₹ ₹ 23,
Slide 27: Strategic partnership with Alpha Alternatives
Strategic partnership with Alpha Alternatives
Slide 28: Long-term strategic partnership with Alpha Alternatives
Dilip Buildcon Ltd - Long-term strategic partnership with Alpha Alternatives Key Terms of strategic partnership • Dilip Buildcon Limited (DBL) entering into a long-term strategic partnership in Nov-23 with Alpha Alternatives (AA) for construction, financing and monetization of road projects through
Slide 29: DBL- AA Partnership Construct
DBL- AA Partnership Construct Stage 1: • Setup jointly owned InvIT platform • DBL to be the operating partner primarily responsible for evaluating and constructing road projects whereas AA to be the financial partner focused on financing and value optimization. • AA will also have the responsibility
Slide 30: DBL- AA Partnership Update-Upto Mar-24
DBL- AA Partnership Update-Upto Mar-24 • 10% stake in DBL through preferential allotment of warrants • AA with its associates invested Rs.1,331.20 Mn in DBL on December 21, 2023 towards subscription of equity warrants of 1,62,29,862 (25% the total consideration payable). • Balance 75% of the total c
Slide 31: Key Projects Update
DILIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND.
Slide 32: Key Project Progress- HAM Projects
Key Project Progress- HAM Projects Payment Milestone (Grant) % of work done as on Sr. No Project Name Appointed Date Achieved 31.03.2024 1 Bangalore Malur Highways Limited** 10th PM, 90% Physical Progress 15.09.2021 96.58 2 Malur Bangarpet Highways Limited** 10th PM, 90% Physical Progress 20.09.2021
Slide 33: Key Project Progress- HAM Projects
Key Project Progress- HAM Projects Payment Milestone (Grant) % of work done as on Sr. No Project Name Appointed Date Achieved 31.03.2024 11 Urga-Pathalgaon Highways Limited - 10.02.2024 1.20 Kodur to Vanavolu (Bengaluru – Vijaywada Economic 12 - 05.02.2024 0.79 Corridor) (Package 1) Odulapalle to Na
Slide 34: Key Project Progress- EPC Projects
Key Project Progress- EPC Projects ₹ in Mn. Metro Outstanding Order Book Schedule Date of Project Name Contract Value LOA Date Date of Start as on 31.03.2024 Completion with EOT Bhopal Metro 2,206 200 Oct-18 Nov-18 Jun-24 Indore Metro 2,044 199 Oct-18 Dec-18 Jun-24 Surat Metro Rail Project, Phase-1
Slide 35: Key Project Progress- EPC Projects
Key Project Progress- EPC Projects ₹ in Mn. Special Bridge Outstanding Order Book Schedule Date of Project Name Contract Value LOA Date Date of Start as on 31.03.2024 Completion with EOT Extra-dosed bridge across Sharavathi backwaters 3,215 244 Jul-19 Dec-19 Nov-24 Sahibganj Bypass including Ganga B
Slide 36: Company Overview
DILIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND.
Slide 37: Overview
Overview ₹ in Mn. Pan India presence 19 states Largest employer in construction & 1 Union Territory industry 25,964 employees Largest owner of construction Diversified orderbook of equipment’s 10,614 ₹ 174,316 from 8 verticals No subcontracting, vertically Early completion bonus integrated and use o
Slide 38: Our Journey
Our Journey ₹ in Mn. Dilip Suryavanshi, a The Company continues Company expanded into young civil engineer its expansion pace, the Irrigation development started Dilip Builders as wining its first EPC segment with a focus on a proprietorship firm Converted to a private project worth Rs.7,750 in dams
Slide 39: Our Journey
Our Journey ₹ in Mn. Completed IPO oversubscribed by 22 14 projects worth Completed 12 projects times, making it the most Rs.105,445 which is worth Rs. 81,599 in 8 Forays into airport successful EPC issuance in highest completion in a states despite several Crossed Net worth development segment. alm
Slide 40: Backward Integration
Backward Integration To further support our in-house execution, we have setup our own manufacturing units, which make the highest quality road furniture / material needed for our business. It helps us control costs and timelines. Octagonal Poles Pipe Rolling Metal Beam Crash Barrier Road Marking Pai
Slide 41: Leadership Team
Leadership Team MR. DILIP SURYAVANSHI MR. DEVENDRA JAIN Chairman and MD MD & CEO Dilip Suryavanshi is the Chairman and Managing Devendra Jain is a Managing Director and Chief Director of our Company. He holds a bachelors Executive Officer of our Company. He holds a degree in civil engineering from t
Slide 42: Leadership Team
Leadership Team BHARAT SINGH ROHAN SURYAVANSHI KARAN SURYAVANSHI SANJAY BANSAL President Head – Strategy & Planning Head – Business Development Chief Financial Officer Bharat Singh joined Dilip Builders in Rohan Suryavanshi joined DBL in 2007. Karan Suryavanshi joined DBL in 2010. Sanjay Kumar Bansa
Slide 43: Disclaimer
Disclaimer This presentation contains certain forward looking statements concerning DBL future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The ris
Slide 44: Thank You
Thank You Dilip Buildcon Limited Mr. Gautam Jain Registered Office: Plot No. 5, Inside Govind Narayan Singh Gate, Chuna Bhatti, Kolar Road, Bhopal Madhya Pradesh - 462 016 L45201MP2006PLC018689 Mumbai Office: C/o Kontor, C-608, One BKC, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051 C