Dilip Buildcon Ltd. · NSE:DBL
Dilip Buildcon — Q2 FY23 Earnings Presentation
36 slides from Dilip Buildcon's earnings presentation, Nov 14, 2022
Slide 1: Stock exchange cover letter - Investor Presentation
Date: November 14, 2022 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 regu
Slide 2: Earnings Presentation Q2FY23
Dilip Buildcon EARNINGS Limited PRESENTATION Q2FY23
Slide 3: Table of Content
Table of Content 03 11 19 Business Highlights Standalone Financial Consolidated Highlights Financial Highlights 21 25 30 Divestment & Siarmal Key Projects Update Company Overview MDO Coal Project
Slide 4: Business Highlights
~ N Business Highlights
Slide 5: Business Highlights
Won new projects • Won 6 projects worth ₹ 68,174 mn in the state of Jharkhand, Gujarat and Madhya Pradesh across 3 sectors worth ₹ 68,174 mn viz. road, metro and water supply Completion (COD) of • Completed 1 EPC and 3 HAM road projects worth ₹ 29,187 projects mn, on or prior to schedule completion
Slide 6: Projects won during FY23
Projects won during FY23 (₹ mn) Contract Period in Value Project Name Type State Name of Employer which order excluding won GST Mehgama-Hansdiha Road Jharkhand National Highway Authority of India 9,760* Q1 Urga-Pathalgaon Road Jharkhand National Highway Authority of India 19,550* Q1 Surat Metro Rail
Slide 7: Projects completed during FY23
Projects completed during FY23 (₹ mn) Scheduled Date Name EPC Cost of Completion Actual Early Type of of the Project Name State excluding including Completion Completion Work Employer GST EOT (Extension of Date Days Time) Sangli-Solapur (Package I: Sangli to NHAI Maharashtra HAM 7,190 19.06.2022 25.
Slide 8: Order Book – Business Division Wise
Order Book – Business Division Wise As on 30th September 2022 - Order Book – ₹ 2,63,375 mn ROADS & HIGHWAYS METRO IRRIGATION WATER SUPPLY ₹ 1,09,383 mn - 41.53% ₹ 15,584 mn - 5.92% ₹ 40,372 mn - 15.33% ₹ 14,000 mn - 5.32% TUNNEL MINING AIRPORT SPECIAL BRIDGES ₹ 21,724 mn - 8.25% ₹ 53,555 mn - 20.33%
Slide 9: Order Book – Year-wise Trend
Order Book – Year-wise Trend 3,00,000 (₹ mn) 2,74,114 2,63,375 2,55,945 2,51,602 2,38,881 2,50,000 2,11,718 2,00,000 1,90,816 1,75,683 1,50,000 1,00,000 50,000 0 FY17 FY18 FY19 FY20 FY21 FY22 Q1FY23 Q2FY23 Earnings Presentation Previous 8 Next
Slide 10: Order Book – Client-wise as on 30th September 2022
Order Book – Client-wise as on 30th September 2022 of the order book from the Central of the order book from the State 69% Government 31% Governments 50.00% 35.00% 45.17% 45.00% 30.57% 30.00% 40.00% 25.00% 35.00% 30.00% 20.00% 25.00% 18.11% 15.00% 20.00% 15.00% 10.00% 10.00% 5.54% 5.00% 5.00% 0.58%
Slide 11: Order Book – Geography-wise as on 30th September 2022
Order Book – Geography-wise as on 30th September 2022 (₹ mn) % to total Completed Ongoing Ongoing Order book as on 30th September 2022 State Contract Value Contract Value Order Book Ongoing Order Book Gujarat 9,589 63,149 47,054 17.87% Madhya Pradesh 1,23,235 65,030 45,493 17.27% Karnataka, Bihar, H
Slide 12: Standalone Financial Highlights
Standalone Financial Highlights
Slide 13: Standalone Results Summary – Q2FY23
Standalone Results Summary – Q2FY23 (₹ mn) Revenue from Operations EBITDA excl. other income Profit after Tax 4,00 0 5% 15% 21,561 22,619 2,613 2,277 642 432% - (193) Q2FY22 Q2FY23 Q2FY22 Q2FY23 Q2FY22 Q2FY23 Roads, Special- Irrigation Metros, Airports Mining Bridges & 2% 128% & Water Supply 61% 1%
Slide 14: Standalone Results Summary – H1FY23
Standalone Results Summary – H1FY23 (₹ mn) Revenue from Operations EBITDA excl. other income Profit after Tax 8,00 0 14% -9% 48,835 5,105 43,024 4,667 840 990% 4,00 0 77 - H1FY22 H1FY23 H1FY22 H1FY23 H1FY22 H1FY23 Roads, Special- Irrigation Metros, Airports Mining Bridges & 6% 151% & Water Supply 89
Slide 15: Standalone Results Update
Standalone Results Update (₹ mn) Particulars Q2FY23 Q1FY23 Q2FY22 H1FY23 H1FY22 Revenue 22,619 26,215 21,561 48,835 43,024 Operating expenses 20,006 24,161 19,284 44,167 37,919 EBITDA excl. other income 2,613 2,054 2,277 4,667 5,105 EBITDA Margin (%) 11.55% 7.84% 10.56% 9.56% 11.87% Other income 54
Slide 16: Standalone Balance Sheet
Standalone Balance Sheet (₹ mn) Particulars Sep’22 June’22 Mar’22 Particulars Sep’22 June’22 Mar’22 ASSETS EQUITY AND LIABILITIES Non-current assets Equity (a) Property, plant and equipment 14,718 15,540 16,448 (a) Equity share capital 1,462 1,462 1,462 (b) Capital work in progress 22 9 - (b) Other
Slide 17: Standalone Cash Flow
Standalone Cash Flow (₹ mn) Particulars Q1FY23 Q2FY23 H1FY23 Particulars Q1FY23 Q2FY23 H1FY23 CASH FLOW FROM OPERATING ACTIVITIES CASH FLOW FROM INVESTMENT ACTIVITIES Net profit before tax as per Statement of Profit 182 870 1,052 and Loss Purchase of Fixed Assets (91) (181) (272) Adjustments for: Sa
Slide 18: Net Working Capital Days – Quarterly
Net Working Capital Days – Quarterly 160 140 120 114 107 104 1… 100 101 100 100 96 96 93 97 96 90 89 87 91 83 82 86 82 79 80 80 82 80 75 69 69 69 71 66 66 63 63 60 60 59 58 55 56 57 55 53 51 48 49 50 49 49 48 47 44 42 40 20 102 95 86 91 89 100 105 104 113 106 111 113 121 120 126 132 127 0 Sep'18 Dec
Slide 19: 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 0.51 0.57 0.58 0.60 0.48 0.45 0.54 0.53 0.51 0.53 0.44 0.51 0.39 0.35 0.46 0.32 0.30 0.48 0.36 0.25 0.23 0.22 0.20 0.17 0.15 0.95 0.92 0.13 0.87 0.90 0.90 0.81 0.
Slide 20: Consolidated Financial Highlights
Consolidated Financial Highlights
Slide 21: Consolidated Profit & Loss
Consolidated Profit & Loss (₹ mn) Particulars Q2FY23 Q1FY23 Q2FY22 H1FY22 H1FY21 Revenue from Operations 25,958 28,844 22,190 54,802 46,572 Other income 73 219 47 292 198 Total Income 26,031 29,062 22,236 55,093 46,770 Expenses Cost of materials consumed 21,446 25,693 20,245 47,139 38,718 Changes in
Slide 22: Divestment & Siarmal MDO Coal Project
Divestment & Siarmal MDO Coal Project
Slide 23: Divestment of Road Assets
Divestment of Road Assets Signed deal with Shrem InvIT in Mar-2022 for divestment of 10 HAM Projects for a Valuation of ₹ 23,490 mn The company committed 13 HAM Assets for Divestment to 4 Projects Divested in Nov 2022- Final Valuation ₹ 6,674 mn Cube -3 & Shrem InvIT-10 against investment of ₹ 4,550
Slide 24: Equity Tracker for HAM & Coal Projects
Equity Tracker for HAM & Coal Projects (₹ mn) FY 26-27 to Actual Invested H2 22-23 FY 23-24 FY 24-25 FY 25-26 Particulars Requirement FY 28-29 Till Sep-22 Projected Projected Projected Projected Projected Investment in 21 HAM Projects @ 29,662 15,421 4,117 5,382 2,314 2,428 - Investment for Siarmal
Slide 25: Financial Closure of Largest MDO Project
Financial Closure of Largest MDO Project (₹ mn) Brief of MDO Project DBL- Siarmal Coal Mines Private Limited (a wholly owned Project Scope Development and Operations of subsidiary of DBL) has achieved financial closure for its Siramal Opencast Coal Mines for MDO project with MCL producing 50 MTPA of
Slide 26: Key Projects Update
~ N Key Projects Update
Slide 27: Hybrid Road Projects – Progress
Hybrid Road Projects – Progress % of work done as on Sr. No Project Name Payment Milestone (Grant) Achieved Appointed Date 31.10.2022 1 DBL Borgaon Watambare Highways Private Limited # PCOD achieved on 24.09.2021 22.04.2019 100.00 2 DBL Mangalwedha Solapur Highways Private Limited # PCOD achieved on
Slide 28: Hybrid Road Projects – Progress
Hybrid Road Projects – Progress % of work done as on Sr. No Project Name Payment Milestone (Grant) Achieved Appointed Date 31.10.2022 14 Dodaballapur- Hoskote Highways Private Limited 3rd PM, 50% Physical Progress 22.02.2021 74.33 15 Repallewada Highways Limited 3rd PM, 50% Physical Progress 01.03.2
Slide 29: Key Road, Special Bridge, Tunnel and Irrigation Projects
Key Road, Special Bridge, Tunnel and Irrigation Projects (₹ mn) Road Contract Outstanding Order Book as Date of Schedule Date of Project Name LOA Date Value on 30.09.2022 Start Completion with EOT Gorakhpur Link Expressway Project, Package-II 12,500 4,708 Nov-19 Jun-20 Mar-24 Special Bridge Contract
Slide 30: Key Metro, Airport, Water Supply and Mining Projects
Key Metro, Airport, Water Supply and Mining Projects (₹ mn) Metro Contract Outstanding Order Book as Date of Schedule Date of Project Name LOA Date Value on 30.09.2022 Start Completion with EOT Bhopal Metro 2,206 356 Oct-18 Nov-18 Dec-22 Indore Metro 2,044 974 Oct-18 Dec-18 Aug-23 Surat Metro Rail P
Slide 31: Company Overview
~ N Company Overview
Slide 32: Overview
Overview Pan India presence 19 states & 1 Union Territory Largest employer in construction industry 24,946 employees Largest owner of Diversified areas of expertise Roads, special bridges, tunnels, metros, construction equipments 11,154 airports, irrigation & mining No subcontracting, vertically Ear
Slide 33: Our Journey
Our Journey After building an enviable reputation for Continuing with its plan of ahead-of-time-execution in its home state, sector expansion, the Company The Company successfully sells its the Company decides to foray outside for The young firm enters mining segment, where it complete portfolio of
Slide 34: Backward Integration
Backward Integration Octagonal Pipe Metal Beam Road Marking Bus Sign Scaffolding Poles Rolling Crash Barrier Paint Shelter Boards Bearing & Reinforced Fabricated Casting Overhead Overhead Foundry Expansion Joint Earth Walls Panels and Moulds Gantries Cantilevers To further support our in-house execu
Slide 35: Leadership Team
Leadership Team Mr. Dilip Suryavanshi Bharat Singh Chairman and MD President Dilip Suryavanshi is the Chairman and Managing Director Bharat Singh joined Dilip Builders in 1988, prior to which he of our Company. He holds a bachelors degree in civil had a sole proprietorship concern. He has 36 years w
Slide 36: 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 Thank You S-Ancial Technologies Pvt. Ltd. Mr. Ronak Jain Contact No:- +91 9820950544 E-mail – rona