Slide 1: Corporate Presentation April 2018
CORPORATE PRESENTATION April 2018 1
Slide 2: Executive Summary
Header Goes Executive Here Summary • MEP Infrastructure Developers Ltd (MEP) group, is an integrated road infrastructure developer and is a key player for HAM,OMT and Toll Collection projects in India. Company CompanyOverview Overview • Founded in 2002 by promoters Lt Shri Dattatray Mhaiskar and Shr
Slide 3: Company Profile
Header Goes Company ProfileHere Revenue Mix – FY17 MEP has evolved into an integrated road Infrastructure developer, having operations in EPC, Toll collections & OMT projects together with its entry into construction with the win of six 3.70% LT, 10.50% major Hybrid Annuity Model (HAM) projects.
Slide 4: Company Overview
Header Goes Here COMPANY OVERVIEW COMPANY OVERVIEW 4
Slide 5: Key Milestones
Header Goes Here Key Milestones Bagged Rajiv Gandhi sea Link project for the 3rd time Crossed INR 10,000 mn of Commenced EPC on four HAM projects revenue in a single Listed on BSE and Bagged Toll & ECC collection contract at Delhi financial year (FY 12) for NSE on 6th May, 2015 Entry Point
Slide 6: Diversified Project Portfolio and Geographical Presence
Header Goes Diversified Here Project Portfolio and Geographical 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 - 8 1 12 Delhi Tamil Nadu - - 1 - - 1 Gujarat - - - 2 - 2 West West Bengal - 1 - - - 1 G
Slide 7: Corporate Structure
Header Goes Corporate Here Structure MEP Infrastructure Developers Limited Long Term BOT/Other Subsidiaries & OMT Projects HAM Projects HAM Projects Toll Collection Projects Associates MIPL - MEP Infrastructure RTBPL - Rideema Toll Bridge Arawali Kante Ausa Chakur Private Limited (99.99%) RTPL - Rid
Slide 8: Experienced Promoters and Board of Directors
Header Goes Experienced Here and Board Of Directors Promoters Name & Designation Experience Jayant D. Mhaiskar Founding Director and Promoter of the Company Chairman & 20 years of experience in the Tolling and Infrastructure industry Managing Director Sudha D Mhaiskar Additional Director She h
Slide 9: Key Management Team
Header Key Goes Here Management Team 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 B
Slide 10: Key Management Team
Header Key Goes Here Management Team Name & Designation Experience • Bachelor’s Degree in Civil Engineering from Osmania University, Hyderabad; Masters in Business Administration (MBA) from IIBM, Delhi with Construction Management & Six Sigma. • Professional Programmes - Airline System in MIT – USA;
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 concession (Short-term) Highest revenue sharing Tolling period and pays the
Slide 13: Hybrid Annuity Model (HAM)
Header Hybrid GoesModel Annuity Here (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 th
Slide 14: Hybrid Annuity Model (HAM)
Header Hybrid GoesModel Annuity Here (HAM) About 91 HAM projects have been bidded out till date. MEP share of the total HAM projects awarded stands at c8% MEP Infra-Long Jian JV has won 4 new HAM projects in March 2018 Project Asset Ausa- Chakur Chakur-Loha Loha-Warang Vadape-thane Scope of Proj
Slide 15: Operate-Maintain-Toll (OMT) Projects
Header Goes Here Operate-Maintain-Toll(OMT) 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: Long Term & Short Term Toll Collection Projects
Header Long TermGoes Here & Short Term Toll Collection Projects Long Term & Short 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. The concessionaire may be required to m
Slide 17: Project Time-lines
Header Project Goes Here Time-lines Hybrid Annuity Model* Operate Maintain Toll Construction Period Annuity Period Vadape Thane Mumbai Entry Points Loha Warang Chakur Loha Ausa Chakur Mahuva Kagavadar Rajiv Gandhi Sea link Talaja Mahuva Nagpur Package II Nagpur Package I Hyderabad- Banglore Kante Wa
Slide 18: Competitive Advantage
Header Goes Here COMPETITIVE ADVANTAGE 18
Slide 19: Leadership Position Among HAM Project Developers
Header Goes Leadership Here Position Among HAM Project Developers NHAI / MoRTH has awarded 91 HAM Projects until March 2018*. Of the ~ 41 infrastructure players participated, MEP has emerged as one of the leading players in HAM projects HAM awards (INR bn) & Market share 1000.00 18.0% 15.8% 16.0% 15
Slide 20: Leadership Position in Toll Collection and OMT Projects in India
Header Goes Leadership Here Position In Toll collection and OMT projects 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 MEPID
Slide 21: Integrated Structure with In-house Capabilities
Header Goes Integrated Herewith in-house capabilities Structure 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 b
Slide 22: Use of Advanced Technology for Toll Collection
Header Goes Here Use Of Advanced Technology For Toll Collection 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 23: Strategic Relationships
Header Goes Strategic Here Relationships Collaboration with Sanjose India- 6 Collaboration with Long Jian- 4 HAM KVM Technology Solutions Private Limited HAM Projects Projects Our Company has also recently entered into the Our Company has also recently entered into a JV In 2015, we formed a cons
Slide 24: Industry Overview
Header Goes Here INDUSTRY OVERVIEW 24
Slide 25: Road Sector Opportunities
Header Road Goes Sector Here Opportunities • The total length of the National highways is expected to cross ~200,000 km in next 5 years. a) A total 83,677 km of roads will be built till 2022, which includes about 34,800 km covered under Bharatmala programme b) The balance 48,877kms would be taken up
Slide 26: Outlook on OMT, Toll, HAM & TOT Models
Header Outlook Goes Here On OMT, TOLL, HAM & TOT Models 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)
Header GoesInvestment Infrastructure 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 Listing is Mandatory Asset Management holding t
Slide 28: Financial Overview
Header Goes Here FINANCIAL OVERVIEW 28
Slide 29: Consolidated P&L Statement as per Ind-AS
Header GoesP&L Consolidated Here Statement as per Ind-AS In INR Mn Particulars 9M-FY18 FY17 Total Revenues from Operations 15,458 17,291 Other Income 853 864 Operating and Maintaining Expenses 8,266 3,280 Employee Expenses 577 734 Other Expenses 343 389 Depreciation & Amortization 2,958 8,680 EBIT 4
Slide 30: Consolidated Balance Sheet as per Ind-AS
Header GoesBalance Consolidated Here Sheet as per Ind-AS In INR Mn Particulars FY17 Particulars FY17 Equities & Liabilities Assets Shareholder's Funds Non-Current Assets Share Capital 1,626 Fixed Assets 508 Other Equity (1,705) Capital Work-in-Progress 282 Reserves & Surplus 0 Goodwill on Consolidat
Slide 31: FY17 Financial Highlights as per Ind-AS
Header Goes Highlights FY17 Financial Here as per Ind-AS REVENUE FROM OPERATIONS (INR Mn) EBIT (INR bn) & EBIT MARGIN 19.5 EBIT EBIT M(%) 19.0 8.0 31.2% 35.0% 19.1 29.3% 18.5 18.0 25.0% 5.9 17.5 5.1 17.0 17.3 15.0% 16.5 16.0 1.0 5.0% FY16 FY17 FY16 FY17 PAT (INR bn) & PAT MARGIN PAT PAT M (%) 2 9.0%
Slide 32: Capital Market Performance
HeaderMarket Capital Goes Performance Here MEP Price Performance YTD Market Data (As on 28.03.2018) 160% MEP Infra Nifty Share Price (INR) 76.5 140% 120% Market Capitalization (Mn) 12,436.5 100% No. of shares outstanding (Mn) 162.6 80% Face Value (INR) 10.0 60% 40% 29% 52 week High-Low (INR) 148.0 –
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