Slide 1: Investor Presentation Q1FY21
Investor Presentation Q1FY21
Slide 2: Safe Harbour
Safe Harbour 2 This presentation has been prepared by IRB Infrastructure Developers Limited (the “Company”) solely for your information and for your use and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organization or
Slide 3: Contents
3 Contents Well poised to tap growth opportunities 4 Q1FY21 Results 8 Segmental Performance 12 Private InvIT – IRB Infrastructure Trust 19 Corporate Overview 22
Slide 4: Well poised to tap growth opportunities
4 Well poised to tap growth opportunities • India’s largest Toll-Operate- • IRB has won another HAM • Business impacted due to • Strong focus on strengthening Transfer project from a time project worth Rs 1,755cr Pandemic driven lockdown liquidity position – considering value concept, being a ten-ye
Slide 5: Business Structure
5 Business Structure IRB 100% 100% 100% Business Segment Business Segment Other Non- Core Investments I – Toll & HAM II – Construction Holdings Mumbai Pune TOT Engg & Const Airport 51% IRB Infrastructure 49% Trust GIC Affiliates Ahd Vadodara BOT Real Estate (Pvt InvIT – 9 BOTs) Pune Nashik BOT 16% I
Slide 6: Complete Portfolio of Road Assets
6 Complete Portfolio of Road Assets BOT / HAM/ TOT PORTFOLIO – KM & LANE KM Lane Km Lane Km Total Particulars under Kms Operational Lane Km Development IRB 410 2,180 2,590 Private InvIT 3,318 2,574 5,892 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Public InvIT - 4,055 4,055 Cumulativ
Slide 7: Geographical presence
Geographical presence 7 Portfolio Highlights Competitive Advantage Housed under three entities: Long term strategic partnership with one 1. IRB having fully owned 1 TOT, 3 of the marquee Sovereign Wealth Funds BOT & 2 HAM assets, – GIC Affiliates for 49% stake in BOT segment through Private InvI
Slide 8: Q1FY21 Results
8 Q1FY21 Results
Slide 9: Consolidated Financial Results
9 Consolidated Financial Results Amount in Rs Mn Segment Total All Segments Construction Segment BOT Segment Particulars Q1FY21* Q1FY20 %YoY Q1FY21 Q1FY20 %YoY Q1FY21* Q1FY20 %YoY Total Income 10,734.64 18,211.25 -41.1% 7,824.32 11,938.61 -34.5% 2,910.32 6,272.64 -53.6% Earnings before interest, tax
Slide 10: Consolidated Financial Results
10 Consolidated Financial Results Amount in Rs Mn Segment Total All Segments Construction Segment BOT Segment Particulars Q1FY21* Q4FY20 %YoY Q1FY21 Q4FY20 %YoY Q1FY21* Q4FY20 %YoY Total Income 10,734.64 16,348.05 -34.3% 7,824.32 12,517.88 -37.5% 2,910.32 3,830.17 -24.0% Earnings before interest, ta
Slide 11: Strong Financial Track Record Consolidated Financials
11 Strong Financial Track Record Consolidated Financials REVENUE (INR IN MN) EBITDA (INR IN MN) 69,026 70,472 31,715 31,329 31,664 59,691 58,628 28,480 18,211 10,735 9,035 5,288 FY 2017 FY 2018 FY 2019 FY 2020* Q1FY20 Q1FY21* FY 2017 FY 2018 FY 2019 FY 2020* Q1FY20 Q1FY21* NETWORTH (INR IN MN) NET D
Slide 12: Segmental Performance
12 Segmental Performance
Slide 13: Overview of EPC Order Book
13 Overview of EPC Order Book INR 129,041 Mn Robust Increase in Construction Revenue 2020 52,105 O&M in BOT / TOT Projects 2009 5,670 71,413 Strong growth in Construction EBITDA EPC/ Construction in Ongoing BOT/ HAM 2020 15,576 Projects 2009 1,013 57,628 Order book Composition as on June 30, 2020 •
Slide 14: BOT / HAM Portfolio Summary
BOT / HAM Portfolio Summary 14 Project Cost Sr. No. Name of BOT Project Client State Concession Period Toll Start Date ( Rs. In Mn) 1. Ahmedabad Vadodara NHAI Gujarat 48,800 25 Years January 1, 2013 3 BOT Projects 2. Thane Ghodbunder MSRDC Maharashtra 2,462 15 Years December 25,2005 3. Pune – Nashik
Slide 15: Covid-19: Toll Collections on the rebound
15 Covid-19: Toll Collections on the rebound Toll Collections Per day for Operational Period (Rs. In Million) 35 32.73 32.7 30 25 23.12 20 15 10 5 5.15 0 Mar-20 Apr-20 May-20 Jun-20 • Daily collections grew back to over Rs 32.73mn in June 2020 after steeply contracting to Rs 5.15mn in April 2020 – a
Slide 16: Comparison of Gross Toll collection YOY
Comparison of Gross Toll collection YOY 16 Gross Toll Collection (Rs. In Million) FY21-Q1 FY20-Q1 1600 1400 1342 1223 1260 1200 982 1000 800 717 600 400 200 155 0 Apr May Jun For June 2020 – collections were back to ~78% YoY from 13% YoY in April 2020 and the trend continues to improve further
Slide 17: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative 17 Amount in INR Mn Mum-Pune 1.0 was handed over to MSRDC in Aug-19 after completing earlier concession; Mum-Pune 2.0 won by the company and restarted toll collection in Mar-20 BOT Toll Revenue is considered on Gross Basis * Q1FY21 numbers reflecting impact of toll colle
Slide 18: BOT Toll Revenue Comparative
BOT Toll Revenue Comparative 18 Amount in INR Mn BOT Toll Revenue is considered on Gross Basis * Q1FY21 numbers reflecting impact of toll collection suspension due to Covid-19 across the country
Slide 19: Private InvIT: IRB Infrastructure Trust
19 Private InvIT IRB Infrastructure Trust
Slide 20: Private InvIT: IRB Infrastructure Trust
20 Private InvIT: IRB Infrastructure Trust IRB is 51% owner & sponsor of the Trust owning portfolio of 9 assets, GIC affiliates own the balance 49% Project Length Current Status and No. Name of the Project (in Lane Kms) Highlights Karnataka 758 1 Goa Kundapur 758 PCOD achieved Maharashtra 1,151 Hary
Slide 21: Private InvIT: Equity Valued at Rs 13,600cr for the portfolio
21 Private InvIT: Equity Valued at Rs 13,600cr for the portfolio • Self-sustainable portfolio, with equity support for under construction projects provided by Sponsor and Investor in ratio of unitholding. • Rs 3,753cr infused by Investor towards first tranche in Feb 2020, Rs 3,000cr of this amount u
Slide 22: Corporate Overview
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Slide 23: Credentials of IRB
23 Credentials of IRB DEMONSTRATED TRACK RECORD LARGEST ASSET BASE Incorporated in 1998 and now has Pan-India IRB has the largest asset base in presence spread across 9 states Roads sector of over Half a Trillion Strong Construction Track record spanning over Rupees as on June 30, 2020 2 decad
Slide 24: Construction Major
24 Construction Major Strong Construction Efficient Project Large Equipment Bank Ability to Independently Credentials Track Record Execution Capabilities with Cutting Edge Bid for large third party Country’s first ever BOT One of the largest BOT Projects executed Pan- Technologies contracts pr
Slide 25: Roadmap so far
25 Roadmap so far Significant order Awarded 3 projects wins of INR 90 for Six Laning of bn - 1 BOT and Upfront payment of Kishangarh – Udaipur foray into HAM INR 9.18 bn to – Ahmedabad Projects MSRDC for Mumbai – section of NH-8/ 79/ Pune Project 79A • Launched Pvt Successful launch of IRB InvIT wit
Slide 26: Shareholding Pattern
26 Shareholding Pattern Shareholding Pattern as on June 30, 2020 Top 10 Shareholders as on June 30, 2020 Sr. No. Name % 1 LIFE INSURANCE CORPORATION OF INDIA 3.81 FII/EPI 2 SBI LONG TERM EQUITY FUND 3.46 14.64% 3 GOVERNMENT OF SINGAPORE 3.35 Promoter & Floating 4 ADITYA BIRLA SUN LIFE TRUSTEE PRIVAT
Slide 27: Organization Structure
27 Organization Structure Mr. Virendra D. Mhaiskar (Chairman and Managing Director) Board of Directors Mrs. Deepali V. Mr. Mukesh Gupta Mr. Sudhir Hoshing Mr. Chandrashekhar Mr. Sunil H. Talati Mr. Sandeep Shah Ms. Heena Raja Mhaiskar Joint Managing Joint Managing S. Kaptan Independent Independent I
Slide 28: Corporate Finance
28 Corporate Finance Internal Auditors Statutory Auditors Mr. Rajkamal R. Bajaj Suresh Surana & Associates LLP BSR & Co LLP Advisor to the Board Chartered Accountants Chartered Accountants Joint Statutory Auditors Bankers / Lenders of IRB Group Gokhale & Sathe Andhra Bank Canara Bank Chartered Accou
Slide 29: Rated Excellent for 9 projects
Recognition: 29 Rated Highway Rating evaluation criterion devised by National Highways Authority of India for performance evaluation of Highways with objective of improvement of Highways in terms of “Excellent” for efficiency, safety and user prospective. 9 projects Highway Rating is a total score a
Slide 30: Recognition
Recognition EPC Company of the Year 2018 Award conferred on by the EPC World 30 ‘Construction Times Award’ by Construction Times & Equipment Times, for our Solapur Yedeshi Project under category – Best BOT (Road Project of the Year) 2018 This award was won by IRB for being the ideal companies to wor
Slide 31: Our CSR Initiative
31 Our CSR Initiative We have replicated same model and have started a school in the We also generously Pathankot district of Punjab, near the Amritsar- Pathankot BOT project. contributed to the Chief Minister’s The School building was inaugurated on 27 March 2017.The school drought relief fund in M
Slide 32: Thank You
Thank You