Slide 1: Dilip Buildcon Limited - Investor Presentation filing letter
DILIP BUILDCON LIMITED INFRASTRUCTURE & BEYOND l)atc: ,\ugust l,l, 2{l2l To To BSE Limited National Slock Exchange oflndia Ltd. Listing Departmenl Exchange Plaza- C- i. Block G P.J Tower. Dalal Street BandraKurla Complex, Mumbai - 400001 Bandra (E), Mumbai - 400051 Stock S"mbol -540047 Stock S)'mbol
Slide 2: Earnings Presentation Q1FY22
Earnings Presentation | Q1FY22 Dilip Buildcon Limited
Slide 3: Content
Content 03 Business Highlights 20 Divestment 10 Standalone Financial Highlights 23 Key Projects Update 18 Consolidated Financial Highlights 29 Company Overview
Slide 4: Business Highlights
Business Highlights
Slide 5: Highlights
Highlights Executed Concession Agreement for 4 New HAM Projects won in 2021 QIP successfully Revenue Growth amid completed amid covid Covid Challenges challenges Delivering Exceedingin Unprecedented Commitments times Strong order book Earnings Presentation | Q1 FY22 Previous 4 Next
Slide 6: Business Division
Business Division ₹ 1,28,105 mn ₹ 46,028 mn ₹ 38,566 mn ₹ 3,135 mn 50.25% 18.05% 15.13% 1.23% ROADS & MINING HIGHWAYS IRRIGATION METRO SPECIAL AIRPORT TUNNEL BRIDGES ₹ 15,124 mn ₹ 3,119 mn ₹ 20,874 mn 5.93% 1.22% 8.19% Total Order Book – ₹ 2,54,949 mn Earnings Presentation | Q1 FY22 Previous 5 Next
Slide 7: Increasing Diversification
Increasing Diversification Tunnel Tunnel Irrigation Special Bridge 7.76% 8.19% Special Special 2.53% Metro 3.95% Airport Airport Tunnel Bridge Bridge Special Metro Airport 6.19% 1.40% 5.93% 1.22% 2.01% 1.45% Bridge Airport 2.02% 3.02% 3.69% 0.23% Metro Metro Irrigation 1.18% 1.23% Mining 7.07% 14.40
Slide 8: Total Order Book
Total Order Book (₹ mn) 274,114 254,949 238,881 211,718 190,816 175,683 107,787 74,747 51,609 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 Q1FY22 Earnings Presentation | Q1 FY22 Previous 7 Next
Slide 9: Order Book – Client Wise
Order Book – Client Wise 50.07% 27.75% 12.83% 4.34% 1.49% 1.22% 2.29% NHAI MORTH COAL INDIA AAI RVNL STATE PSPCL 70% of the order book from the 30% of the order book from the Central Government state government Earnings Presentation | Q1 FY22 Previous 8 Next
Slide 10: Order Book Geography Wise, Contract Type Wise
Order Book Geography Wise Order Book Contract Type Wise HAM Bihar Karnataka 40% Odisha 4% 9% 17% Uttarakhand 4% Chhattisgarh 1% Gujarat 17% Uttar Pradesh 8% Rajasthan Madhya Pradesh 5% 6% Tamilnadu & Andhra Pradesh Puducherry 4% Jharkhand EPC 6% Maharashtra Goa 60% Telangana 1% 11% 3% 2% Earnings Pr
Slide 11: Standalone Financial Highlights
Standalone Financial Highlights
Slide 12: Results Summary – Q1FY22 (Standalone)
Results Summary – Q1FY22 (Standalone) Revenue (₹ mn) EBITDA (₹ mn) Profit after Tax (₹ mn) 14% 4,00 0 -4% 371 -32% 21,587 3,086 2,953 19,005 253 - Q1FY21 Q1FY22 Q1FY21 Q1FY22 Q1FY21 Q1FY22 Contract Revenue Breakup Roads, Special Irrigation Metros & Airports Mining Bridges & Tunnels 6% >100% >100% 2%
Slide 13: Result Update – Standalone
Result Update – Standalone (₹ mn) Particulars Q1FY22 Q4FY21 Q1FY21 Y-o-Y (%) FY21 FY20 Y-o-Y (%) Revenue 21,587 29,299 19,005 13.59% 92,380 90,151 2.47% Operating expenses 18,634 24,688 15.919 17.06% 77,399 74,118 4.43% EBITDA 2,953 4,612 3,086 -4.32% 14,981 16,033 -6.56% EBITDA Margin (%) 13.68% 15
Slide 14: Standalone Profit & Loss – Q1FY22
Standalone Profit & Loss – Q1FY22 (₹ mn) Standalone Particulars Highlights Q1FY22 Q1FY21 Revenue from Operations 21,463 18,920 Other income ✓ Revenue increased by 14% on Y-o-Y 124 85 basis Total Income 21,587 19,005 Expenses ✓ PAT decreased by 32% Y-o-Y basis on account of reduction in EBITDA and Co
Slide 15: Standalone Balance Sheet
Standalone Balance Sheet (₹ mn) Particulars June’21 Mar’21 June’20 Particulars June’21 Mar’21 June’20 ASSETS EQUITY AND LIABILITIES Non-current assets Equity (a) Property, plant and equipment 18,763 18,954 19,909 (a) Equity share capital 1,462 1,368 1,368 (b) Other equity 42,971 37,804 35,063 (b) Ca
Slide 16: Standalone Cash flow – Q1FY22
Standalone Cash flow – Q1FY22 (₹ mn) Particulars Q1FY22 Q1FY21 Particulars Q1FY22 Q1FY21 CASH FLOW FROM OPERATING ACTIVITIES CASH FLOW FROM INVESTMENT ACTIVITIES Purchase of Fixed Assets (776) (947) Net profit before tax as per Statement of Profit and Loss 484 510 Sale of Fixed Assets 5 1 Adjustment
Slide 17: Net Working Capital Days – Quarterly
Net Working Capital Days – Quarterly 140 127 119 104 120 114 101 107 103 93 90 87 100 100 96 100 89 85 83 82 80 80 82 77 75 72 71 71 69 69 69 60 65 66 66 61 62 61 63 63 59 60 57 60 59 55 56 55 53 51 48 49 50 49 40 44 37 20 113 103 102 95 86 91 89 100 105 104 104 106 111 113 121 120 126 0 June'17 Sep
Slide 18: Net Debt to Equity Ratio – Quarterly
Net Debt to Equity Ratio – Quarterly (Working Capital & Equipment Debt) Net Debt/Equity Equipment Debt/Equity Working Capital Debt/Equity 0.81 0.77 0.63 0.69 0.70 0.58 0.55 0.53 0.51 0.57 0.48 0.58 0.60 0.47 0.50 0.45 0.46 0.45 0.54 0.47 0.46 0.53 0.44 0.39 0.35 0.32 0.36 0.30 0.25 0.23 1.35 1.24 1.
Slide 19: Consolidated Financial Highlights
Consolidated Financial Highlights
Slide 20: Consolidated Profit & Loss – Q1FY22
Consolidated Profit & Loss – Q1FY22 (₹ mn) Particulars Q1FY22 Q4FY21 Q1FY21 Y-o-Y (%) FY21 FY20 Y-o-Y (%) Revenue from Operations 24,383 31,355 20,999 16.11% 1,01,683 97,249 4.56% Other income 151 80 104 44.99% 422 377 12.07% Total Income 24,534 31,435 21,104 16.25% 1,02,105 97,626 4.87% Expenses Co
Slide 21: Divestment
Divestment
Slide 22: Divestment of Road Assets
Divestment of Road Assets The Company has 12 HAM Assets which are either committed or at an advance stage of Monetisation FY-21-22 FY-22-23 Expected Divestment Expected Divestment Consideration Consideration ~ Rs. 10,000 Mn ~ Rs. 15,000 Mn Company looking for ~ Rs. 25,000 Mn from Divestment Consider
Slide 23: Equity Tracker for HAM & Coal Projects
Equity Tracker for HAM & Coal Projects (₹ mn) Actual Invested FY 21-22 FY 22-23 FY 23-24 Particulars Requirement Till Mar-21 Projected Projected Projected Investment in 12 HAM projects – Awarded in 2018 15,640 13,826 1,814 - - Investment in 5 HAM projects - Awarded in 2020 5,362 956 2,261 1,781 364
Slide 24: Business Highlights
Business Highlights
Slide 25: Hybrid Road Projects – Progress
Hybrid Road Projects – Progress (₹ mn) Milestone Plan Milestone Achieved Early % of work done Sr. Payment Milestone Project Name Appointed Date Achieved as on No (Grant) Date Days Date Days (Days) 31.07.2021 1 DBL Anandpuram Anakapalli Highways Pvt. Ltd. 4th PM, 75% Progress 04.01.2019 23.05.2021 87
Slide 26: Hybrid Road Projects – Progress
Hybrid Road Projects – Progress (₹ mn) Milestone Plan Milestone Achieved Early % of work done Sr. Payment Milestone Project Name Appointed Date Achieved as on No (Grant) Date Days Date Days (Days) 31.07.2021 12 Pathrapali Kathghora Highways Private Limited 1st PM, 10% Progress 04.12.2020 25.03.2021
Slide 27: Key Outstanding Road EPC Projects
Key Outstanding Road EPC Projects Contract Outstanding Order Schedule Date of Project name Type Length (Kms) LOA Date Date of Start Value Book as on 30.06.2021 Completion with EOT Dagmagpur-Lalganj (Package 2) Road 6,875 326 47.70 Mar-18 Dec-18 Sep-21 Lalganj-Hanumana (Package 3) Road 6,045 484 43.4
Slide 28: Airport, Mining and Irrigation Projects
Airport ,Mining and Irrigation Projects Airport (₹ mn) Outstanding Order Book as Schedule date of Project name Type Contract Value LOA Date Date of Start on 30.06.2021 Completion Construction of New Greenfield Airport at Hirasar, Rajkot Airport 5,701 3,119 Feb-20 Feb-20 Aug-22 Mining Contract Outsta
Slide 29: Special Bridges, Tunnel and Metro Projects
Special Bridges, Tunnel and Metro Projects Special Bridge (₹ mn) Contract Outstanding Order Book as Schedule date of Project name Type LOA Date Date of Start Value on 30.06.2021 Completion Zuari Bridge -(Package II ) Special Bridge 5,454 790 Feb-16 April-16 Nov-22 Zuari Bridge -(Package I ) Special
Slide 30: Company Overview
Company Overview
Slide 31: Overview
Overview Largest owner of Early completion bonus Construction Largest employer in FY 2012 to 2020 Pan India presence equipment’s construction industry ₹ 5,655 mn 19 states & 1 Union 12,762 33,730 employees Territory ₹ No subcontracting, Best project executors vertically ~90% projects before time int
Slide 32: Our Journey
Our Journey After building an enviable reputation for ahead-of-time-execution in its home state, Enters into Tunnels and Metros the Company decides to foray outside for After building roads segments. Revenue grows to more The young firm witnesses a in multiple than 120%, since the Company the first
Slide 33: Pan India Project Execution Capability
Pan India Project Execution Capability (₹ mn) State Completed Ongoing Gross Ongoing Net Andhra Pradesh 29,045 21,305 9,852 Bihar - 12,699 10,614 Himachal Chhattisgarh 7,038 8,127 3,750 Pradesh Punjab Goa 1,250 14,031 1,767 Uttarakhand Gujarat 9,589 48,894 43,371 Haryana Haryana 4,637 - - Rajasthan U
Slide 34: 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 Pipe Metal Beam Road Marking Bus Sign Scaffolding Poles Rolli
Slide 35: Leadership Team
Leadership Team Mr. Dilip Suryavanshi Mrs. Seema Suryavanshi Mr. Devendra Jain Chairman and MD Executive Director Executive Director & CEO Dilip Suryavanshi is the Chairman and Managing Director of our Seema Suryavanshi is an Executive Director of our Company. She Devendra Jain is an Executive Direc
Slide 36: Awards, Accreditation & Accolades
Awards, Accreditation & Accolades National Highway Excellence Dun & Bradstreet Construction World Global National Highway Excellence CNBC Awaaz CEO awards 2019 Best Places to Work in Award 2020 for Excellence in Construction-Infrastructure Award 2019 3rd Fastest Growing Award 2019 for Excellence in
Slide 37: Awards, Accreditation & Accolades
Awards, Accreditation & Accolades Largest Fleet Owner of EC210B Valued Customer of Bitumen Single Largest Customer of Star Achiever by GK TMT in 2014 Road Contractor of the Year by Hydraulic Excavators in India by by BPCL in 2015 Caterpillar GCI in India in 2014 Construction Week in 2016 Volvo in 20
Slide 38: Thank You
Thank You Dilip Buildcon Limited Plot No. 5, Inside Govind Narayan Singh Gate, Chuna Bhatti, Kolar Road, Bhopal Madhya Pradesh - 462 016 0755 - 4029999 \ 0755 - 4029998 db@dilipbuildcon.co.in L45201MP2006PLC018689 S-ANCIAL GLOBAL SOLUTIONS PVT. LTD. (Investor Relations) Nikunj.jain@s-ancial.com 215,