Bharat Road Network Ltd. · NSE:BRNL
Bharat Road Network — Investor Presentation (November 2017)
25 slides from Bharat Road Network's investor presentation, November 2017
Slide 1: Enhancing Connectivity
Enhancing Connectivity Bharat Road Network Limited {BRNL) Behtar Raaste Badhta Bharat Investor Presentation | Nov 2017 ASREI Initiative
Slide 2: Forward-looking statements disclaimer
Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "plan", "conte
Slide 3: Q2 FY18 highlights
EBITDA % margin 78.7 160 146 160 90.0% 80 85% 120 85.0% 120 60 80.0% 80 80 40 74% 125 75.0% 39 40 40 20 70.0% 0.8 29 0 0 65.0% 0 Q2FY17 Q2FY18 Q2FY17 Q2FY18 Q2FY17 Q2FY18 ▪ Consolidation of 100% stake in Guruvayoor Infrastructure Private Limited ("GIPL") by acquiring the remaining 51% shares in the
Slide 4: Incorporated in 2006, BRNL is one of India's leading Roads and Highways BOT Company
• Incorporated in 2006, BRNL is one of India’s leading Roads and Highways BOT Company • Managing over INR 67 Bn of road assets aggregating 2,095 lane kms • Diversified operational projects with long residual life • Professionally managed company governed by experienced Board of Directors • Focussed
Slide 5: India has world's 2nd largest road network
▪ India has world’s 2nd largest road network aggregating ~5.2 million km of roads carrying about 86% of country’s passenger traffic and close to 65% of freight traffic. ▪ The Union Cabinet recently approved mega US$ 106.7 bn (Rs 7 lakh crore) project to develop 83,677 km highways in 5 years which in
Slide 6: Union Cabinet cleared US$106.7 bn highway project
The Union Cabinet recently cleared US$ 106.7 bn (Rs 7 lakh crore) project to develop 83,677 km highways in 5 years which includes the Bharatmala project thus providing much needed booster dose to the Road Industry. Total Highway Projects BharatMala 83,677 km 34,800 km Expected Completion by 2021-22
Slide 7: Movement of freight by roads is growing at a rapid rate
▪ Movement of freight by roads is growing at a rapid rate thus creating the need for adequate road network to cater to the increased traffic and movement of goods. ▪ E-commerce industry expected to grow at an estimated 40-44% CAGR during 2014-15 to 2017-18 and become major growth driver for road fre
Slide 8: Our Corporate Promoter
Our Corporate Promoter • India’s leading holistic infrastructure institution engaged in the sector for about three decades. • Actively involved in infrastructure project finance, advisory and development, infrastructure equipment finance, venture capital, capital market, insurance broking, SEZ and i
Slide 9: One of India's leading Roads & Highways BOT company
One of India’s leading Roads & Highways BOT company • Focused on identification, bidding or acquiring, development, implementation, operation and maintenance of roads and highways projects. • Geographically diversified portfolio spread across Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharasht
Slide 10: Corporate structure and shareholding
Locating right projects for bidding or Debt Syndication, Valuations & Design & Development for Highways and acquiring Financial Modelling structural design works Promoter 34.90% 65.10% Public Management and supervision of Operation & maintenance of Concession Management, Claim projects during entire
Slide 11: Our Value Proposition
Our Value Proposition 11
Slide 12: Our Value Proposition
Strong Operating Asset Portfolio with Long Strong and Experienced Corporate Residual Life Promoter ▪ Managing over INR 67 Bn of road assets aggregating 1 ▪ Corporate Promoter SREI is one of India’s 2,095 lane kms across 6 states leading infrastructure financing institution with ▪ 5 out of 6 Assets a
Slide 13: Acquire Cash Generating Assets; Exit Assets by taking advantage of yield arbitrage
Acquire Cash Generating Assets Exit Assets by taking advantage of (Organic & Inorganic Growth) yield arbitrage ▪ Yield Income ▪ Additional yield opportunity ▪ Increased Cash Flow ▪ Bump up in total yield ▪ BRNL can be a growth generating platform by way of acquisition of cash generating assets. ▪ Fu
Slide 14: Smart Cities, Industrial Projects/SEZ and other Infra projects to drive growth
Smart Cities, Industrial Projects/SEZ and other Infra projects to drive growth ▪ SJEPL: Improvement in mining traffic and upcoming smart cities in Bhubaneshwar & Raipur key trigger. ▪ GAEPL: Large upcoming infra projects including Eastern Peripheral Espressway in the Delhi NCR region major positive.
Slide 15: Project Snapshot: SJEPL
Project Snapshot ▪ Located on the NH-5 between Chandikhol and Bhubaneswar ▪ The end point of the project road at Chandikhol is a major intersection, where NH-200 and NH-5A cross NH-5 through an overpass. NH-200 connects Daiteri mines and then runs towards Raipur, one of the proposed smart cities. De
Slide 16: Project Snapshot: GAEPL
Project Snapshot ▪ The GAEPL is located on the NH-91, connects Ghaziabad to Aligarh in UP ▪ Ghaziabad is hub of engineering, electronics, and leather and textile goods ▪ Aligarh is an important business centre of Uttar Pradesh and is most famous for its lock industry, brass hardware and sculpture an
Slide 17: Project Snapshot: GIPL
Project Snapshot ▪ GIPL Project Road is a part of NH-47 which originates at Kanyakumari and ends at Salem ▪ Connects the cities of Kochi, Thrissur and Coimbatore and runs in proximity to the Cochin Refinery & Cochin Port Development activity ▪ Export bound traffic originating from key regions like S
Slide 18: Project Snapshot: KEPL
Project Project Snapshot Snapshot ▪ KEPL Project Road is a part of NH-71, which starts at Jalandhar and ends at NH-8 near Bawal. On its way it connects the cities of Moga, Sangrur and Rohtak Development activity Development activity ▪ MBIR, one of the investment regions selected in the 1st phase of
Slide 19: Project Snapshot: MTPL
Project Snapshot ▪ Part of SH-27 which connects Rajasthan border in the north and Maharashtra border in the south, connecting the cities of Ujjain, Indore & Pitampur on its way ▪ Indore, largest and most populous city in Madhya Pradesh qualified for Smart Cities Mission ▪ SEZ Indore, a busy hub, is
Slide 20: Project Snapshot: STPL
Project Snapshot ▪ Solapur project is part of NH-9 which connects west and east passing through major cities such as Vijayawada, Hyderabad, Pune and provides onward connectivity to Mumbai ▪ NH-9 and Mumbai-Pune Express Highway intersect at Pune, thereby providing connectivity to Mumbai and nearby po
Slide 21: Results for the year ended 31st March, 2017 and Balance Sheet
146 39 278% 38 285% 184 79 133% 21 10 113% 22 -4% 44 20 115% 125 29 336% 16 700% 140 59 139% 0.05 0.02 171% 0.04 10% 0.09 0.03 167% 14 28 -50% 10 36% 24 63 (61)% 32 (0.3) 0.2 32 (0.5) 79 1 5 84 (3.5) 79 1 5 84 (2.5) 11,682 1,697 9,993 1,697 1,566 13,585 21 Results for the year ended 31st March, 2017
Slide 22: Proportionate financials of SPVs
360 322 222 56 290 1,249 577 565 389 86 57 * 1,674 349 305 160 46 277 1,137 559 327 280 62 532 1,759 315 125 283 55 260 1,038 742 247 557 124 529 2,200 33 180 (123) (9) 18 99 (183) 79 (277) (62) 3 (441) 1,514 828 1,848 1,120 591 5,901 1,297 828 769 595 591 4,080 4,959 2,126 3,506 787 4,028 15,406 5,
Slide 23: Toll revenue and EBITDA by project
922 674 36.9% 1,480 657 608 8.1% 1,154 453 364 24.4% 769 117 77 51.7% 178 724 455 59.1% 964 2,873 1,722 66.8% 4,545 *SJEPL has received its first Provisional COD on January 12, 2017; No P&L as the project was Under Construction Note: Toll revenue is 100% of assets 23
Slide 24: Traffic data by project
27,213 24,189 12.50% 28,385 25,127 12.97% 28,385 26,042 9.00% 60,533 58,909 2.76% 61,673 59,318 3.97% 61,673 59,891 2.98% 22,736 17,570 29.40% 23,311 18,736 24.42% 23,311 20,167 15.59% 13,982 16,299 -14.21% 15,217 16,122 -5.62% 15,217 15,570 -2.27% 42,060 40,754 3.21% 43,400 41,462 4.67% 43,400 43,2
Slide 25: Contact details
Bajrang Kumar Choudhary Binay Sarda Managing Director Christensen IR [email protected] [email protected] Tel: +91 (33) 6602 3609 Tel: +91 (22) 6452 2086 M: +91 9920893764 Bharat Road Network Limited Vishwakarma 86C Topsia Road (South) Kolkata- 700046, Tel: +91 (33) 6602 3609 Fax: +91
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