25 slides from Mep Infrastructure Developers's earnings presentation, May 25, 2016
Slide 1: Q4 & FY16 Results Update
MEP INFRASTRUCTURE DEVELOPERS LIMITED Q4 & FY16 Results Update 25 May 2016
Slide 2: Disclaimer
Disclaimer This presentation and the following discussion may contain “forward looking statements” by MEP Infrastructure Developers Limited (“MEPIDL” or the “Company”) that are not historical in nature. These forward looking statements, which may include statements relating to future results of oper
Slide 3: Table Of Contents
Table Of Contents Business Overview – Our Presence and Projects Update Q4 & FY16 Results Update Company Overview 3
Slide 4: Business Overview – Our Presence and Projects Update
Business Overview – Our Presence and Projects Update
Slide 5: Diversified Project Portfolio With Pan India Presence
Diversified Project Portfolio With Pan India Presence Current Portfolio Across Eight States In India Current Project Mix Long Short Location OMT Term Term HAM BOT Total Toll Toll Maharashtra 2 3 4 1 10 Tamil Nadu 1 1 1 - - 3 Rajasthan - - 3 - - 3 Uttar Pradesh Gujarat - - 1 1 - 2 Rajasthan Uttar Pra
Slide 6: Recent Projects Additions and Completions
Recent Projects Additions and Completions Project Additions Payment to Sr. Name of Commencement of Name of Project State Type Tenor Authority No Authority operations (Rs Mn) 1 Brijghat Uttar Pradesh NHAI Short Term Toll Collection 4th January 2016 1 Year 518.4 2 Athur Tamil Nadu NHAI Short Term Toll
Slide 7: Hybrid Annuity Model
Hybrid Annuity Model New Hybrid Annuity Model expected To Improve Private Participation Going forward, over 80% of the road projects are proposed to be awarded under EPC and Hybrid Annuity Model (HAM) routes. For FY17, MoRTH and NHAI have lined up 40% of total road projects to be awarded on HAM requ
Slide 8: Key Business Development – MEPIDL Wins Hybrid Annuity Projects
Key Business Development – MEPIDL Wins 5 Hybrid Annuity Projects Project Asset Arawali Kante Kante Wakad Nagpur Package I Nagpur Package II Talaja Mahuva* Four-laning of Talaja Four-laning standalone Four-laning standalone Four-laning of NH66 Four- laning of NH66 Mahuva section of NH Scope of Ring R
Slide 9: Q4 & FY16 Results Update
Q4 & FY16 Results Update
Slide 10: Q4 & FY16 Results Highlights
Q4 & FY16 Results Highlights In Rs Mn REVENUE FROM OPERATIONS EBITDA & EBITDA MARGIN 33.1% 20,068 20,088 29.7% 28.2% 28.7% Steady Revenue Accretion 23.7% 5,955 Significant growth in operating 4,761 profitability 5,229 5,157 5,216 1,475 1,482 1,726 Q4 FY16 Q3 FY16 Q4 FY15 FY16 FY15 Q4 FY16 Q3 FY16 Q4
Slide 11: Q4 & FY16 Revenue Analysis
Q4 & FY16 Revenue Analysis REVENUE BREAKUP Q4 FY16 Q3 FY16 FY16 FY15 34.4% 33.4% 38.5% 41.5% 45.3% 45.2% 45.9% 43.3% 16.2% 20.4% 20.6% 15.2% Long Term - OMT Long Term – Toll Collection Short Term – Toll Collection Focus On Increasing Revenue Contribution From Long Term Projects 41.5% 33.4% 64.0% 58.
Slide 12: Consolidated P&L Statement
Consolidated P&L Statement Particulars (Rs. Mn) Q4 FY16 Q3 FY16 QoQ % FY16 FY15 YoY% Total Revenues from Operations 5,229.0 5,156.9 1.4% 20,068.0 20,087.8 -0.1% Other Income 124.5 93.2 33.7% 407.0 325.2 25.2% Operating and Maintaining Expenses 3,512.5 3,476.4 1.0% 13,332.9 14,570.3 -8.5% Employee Ex
Slide 13: Consolidated Balance Sheet
Consolidated Balance Sheet Particulars in Rs. Mn FY15 FY16 Particulars in Rs. Mn FY15 FY16 Equities & Liabilities Assets Shareholder's Funds Non-Current Assets Share Capital 1,114.9 1,625.7 Fixed Assets 21,722.0 20,359.9 Reserves & Surplus -3,379.4 -613.1 Non-Current Investments 216.1 216.6 Total Sh
Slide 14: FY16 Results Highlights
FY16 Results Highlights FINANCIAL UPDATE: • FY16 revenues were steady at INR20.1bn with robust growth in operating income led by – • Enhanced contribution from long term toll collection projects. • EBITDA margin in FY16 increased by 597.6 bps to 29.7% from 23.7% in FY15 as a result of – • Higher sha
Slide 15: New Projects Pipeline Q4 FY16
New Projects Pipeline Q4 FY16 Short Term Toll Collection Projects Annual Potential Number of Projects Sr. No Name of Authority Toll Collection Tenor Currently Available (Rs Mn) 1 NHAI 1,908.0 <= 1 year 5 2 RIDCOR 124.6 10 Months 2 Total 2,032.6 7 Hybrid Annuity Projects Estimated Project Cost Number
Slide 16: Company Overview
Company Overview
Slide 17: Company Overview: Brief Profile
Company Overview: Brief Profile Leading Player In Toll Collection and OMT Projects MEPIDL is the leading player in OMT and Toll Collection in India (1). Commenced operations in 2002 - toll collection at the five Mumbai Entry Points for 8 years. Progressed into winning one of the largest OMT co
Slide 18: Company Overview: Key Milestones
Company Overview: Key Milestones Awarded the Phalodi MEPIDL (in JV with Sanjose 2016 Crossed Rs 10,000 mn of revenue in a Ramji toll collection India) forayed into road single financial year (FY 12) for the contract in Rajasthan development with Hybrid first time by RIDCOR for a Annuity model
Slide 19: Company Overview: Long Term OMT Projects
Company Overview: Long Term OMT Projects Particulars Madurai – Kanyakumari Hyderabad - Bangalore Rajiv Gandhi Sea link Mumbai Entry Points Four lane carriage way located Four lane carriage way located on Links Bandra in the Western Five entry points located on on NH-7, which is a major NH-7, passes
Slide 20: Company Overview: Long Term Toll Collection Projects
Company Overview: Long Term Toll Collection Projects IRDP Solapur Vidyasagar Setu Kini Tasawade Rajiv Gandhi Salai(1) Kalyan Shilphata(1) Located in Solapur district 18 lane toll plaza at Located on Satara – Previously known as the Connecting Mumbai Pune Vidyasagar Setu, links Howrah Kolhapur sectio
Slide 21: Company Overview: Short Term Toll Collection Projects
Company Overview: Short Term Toll Collection Projects Sr. Toll Plaza State Client Term Payment to Authority No Uttar 1 Garau NHAI July 22,2015 to July 21,2016 Rs 594.0 mn to be paid in weekly instalments of Rs 11.36 mn Pradesh 2 Surajbari Gujarat NHAI October 12, 2015 to October 11, 2016 Rs 740.7 mn
Slide 22: Company Overview: Hybrid Annuity Model Projects
Company Overview: Hybrid Annuity Model Projects Project Asset Arawali Kante Kante Wakad Nagpur Package I Nagpur Package II Talaja Mahuva* Four-laning of Talaja Four-laning standalone Four-laning standalone Four-laning of NH66 Four- laning of NH66 Mahuva section of NH Scope of Ring Road / Bypass (km
Slide 23: Company Overview: Corporate Structure
Company Overview: Corporate Structure MEP Infrastructure Developers Limited Long Term OMT Projects HAM Projects BOT Projects Other Subsidiaries / Associate Toll Collection Projects RTPL - Rideema MEP HS - MEP Highway Solutions MIPL - MEP Infrastructure MEP Solapur - MEP IRDP Solapur Arawali Kante To
Slide 24: Company Overview: Shareholding Structure
Company Overview: Shareholding Structure Share Price Performance Market Data As on 31.03.2016 (BSE) Share Price Rs 63.0 Share Price Rs 38.0 As on 1 July 2015 (BSE) As on 31 Mar 2016 (BSE) Market Capitalization (Rs Mn) 6,350 70 60 50 No. of shares outstanding (Mn) 162.6 40 30 20 Face Value (Rs.) 10.0
Slide 25: Thank You
For Further Queries: Thank You Murzash Manekshana Ammeet Sabarwal / Nilesh Dalvi Executive Director IR Consultant Email : mmanekshana@mepinfra.com Contact No : +91 9819576873 / +91 9819289131 Email : ammeet.sabarwal@dickensonir.com Manisha Bihani nilesh.dalvi@dickensonir.com AGM – Investor Relations