Sadbhav Infrastructure Project Ltd. · NSE:SADBHIN

Sadbhav Infrastructure Project — Investor Presentation (April 2018)

26 slides from Sadbhav Infrastructure Project's investor presentation, April 2018

  1. Slide 1: Sadbhav Infrastructure Project Limited Corporate Presentation

    Sadbhav Infrastructure Project Limited Corporate Presentation April 2018

  2. Slide 2: Disclaimer

    Disclaimer This presentation and the accompanying slides (the “Presentation”),which have been prepared by Sadbhav Infrastructure Project Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe

  3. Slide 3: Agenda

    Agenda 1. Company Overview 4 2. Business Overview 9 3. Financials 18 3

  4. Slide 4: Company Overview

    Company Overview

  5. Slide 5: Corporate Structure

    Corporate Structure Sadbhav Engineering Limited 68.77% EPC Business Sadbhav Infrastructure Project Limited (SIPL) BOT Project Portfolio SIPL SEL J.V 1 Ahmedabad Ring Road Infrastructure Limited (ARRIL) 100.0% 0.0% 0.0% 2 Aurangabad Jalna Tollway Limited (AJTL) 100.0% 0.0% 0.0% 3 Nagpur Seoni Express

  6. Slide 6: Company Overview

    Company Overview Only listed Road & Highways BOT company in India with a portfolio of 11 BOT projects and 8 Hybrid Annuity projects  Promoted by Sadbhav Engineering Limited (SEL) in 2007 to operate Road BOT projects for Sadbhav Group  Owns a project portfolio consisting of ten operational BOT proj

  7. Slide 7: Shareholding Pattern

    Shareholding Pattern Shareholding Pattern as on 31st March, 2018 Strong Institutional Presence Category No. of shares % holding Promoter Group 244,250,911 69.35% Public Shareholding 107,974,305 30.65% Institutions 60,473,628 17.17% DIIs 21,853,240 6.20% FIIs 38,620,388 10.96% Non-Institutions 47,500

  8. Slide 8: SIPL - Key Management Personnel

    SIPL - Key Management Personnel Board of Directors Mr. Vishnubhai M Patel Mr. Shashin V Patel (Chairman Emeritus) (Chairman & Non-Executive Director) Mr. Vasistha C Patel Mr. Nitin R Patel (Managing Director) (Non-Independent & Non-Executive Director) Mr. Sandip V Patel, Mr. Mirat N Bhadlawala, Mr.

  9. Slide 9: Business Overview

    Business Overview

  10. Slide 10: Portfolio Snapshot

    Portfolio Snapshot Portfolio of 19 Roads & Highways BOT projects of which 10 projects are fully operational, 1 project is partially operational and 8 HAM projects are under development No. of Projects No. of Projects As on March 31, 2018 Toll Annuity HAM NHAI State Operational 9 1 0 8 2 Partly Opera

  11. Slide 11: High Quality Operational Portfolio

    High Quality Operational Portfolio Large operational assets ARRIL  Cargo originating from Kandla and Mundra, two of the largest HYTPL  Carries majorly car traffic due to proximity to Hyderabad city Indian ports uses ARRIL to connect to central and western India  Also large number of tourist ply o

  12. Slide 12: Operating Assets – I

    Operating Assets – I Particulars ARRIL AJTL NSEL HYTPL Current Stake 99.99% 99.99% 99.99% 99.99% Project Details Project Type Toll Toll Annuity Toll State Gujarat Maharashtra Maha/MP Telangana Client AUDA Govt. of Maharashtra NHAI NHAI Lane kms 305.4 263.2 110.9 142.6 Concession Start Dec-06 Feb-07

  13. Slide 13: Operating Assets – II

    Operating Assets – II Particulars BHTPL RPTPL MBCPNL DPTL Current Stake 76.99% 99.99% 83.60%1 99.99% Project Type Toll Toll Service Fee Toll Project Details State Karnataka Haryana Maharashtra Maharashtra SREI Infra, SREI Sahaj e- JV Partner Monte Carlo Limited N.A N.A village Limited, DTCPL Client

  14. Slide 14: Operating Assets – III

    Operating Assets – III Particulars SUTPL BRTPL RHTPL Current Stake 99.99% 99.99% 99.99% Project Type Toll Toll Toll Project Details State Rajasthan Rajasthan Haryana Client NHAI NHAI NHAI Lane kms 317.2 349.0 395.2 Concession Start Apr-13 Oct-13 Dec-13 Original Concession (yrs) 27 Y 30 Y 22 Y PCOD O

  15. Slide 15: HAM projects

    8 HAM projects Particulars SRHPL SNHPL SBHPL SUHPL SBGHPL Current Stake 99.99% 99.99% 99.99% 99.99% 99.99% Project Details Project Type (Pavement) HAM (Rigid) HAM (Rigid) HAM (Rigid) HAM (Rigid) HAM (Flexible) State Uttar Pradesh Uttrakhand Gujarat Gujarat Karnataka Client NHAI NHAI NHAI NHAI NHAI L

  16. Slide 16: HAM projects

    8 HAM projects Particulars SUDHPL SVHPL Current Stake 99.99% 99.99% Project Details Project Type (Pavement) HAM (Rigid) HAM (Rigid) State Rajasthan Maharashtra Client NHAI NHAI Lane kms 143.3 267.5 Concession Start June-17 June-17 Terms Original Concession (yrs) 17 Y 17 Y 6 M PCOD Nov-19 N.A. Total

  17. Slide 17: Projects located in high growth states on important corridors

    P RO JECT S L O CAT ED IN H IG H G RO WT H S T AT ES , O N I MPO RT AN T C O RRIDO RS Presence in high growth states where GDP is greater than average India’s GDP by 50-170 bps thereby ensuring high industrial growth providing sustainable traffic , high willingness to pay & better administration Ind

  18. Slide 18: Financials

    Financials

  19. Slide 19: Toll Collection - I

    Toll Collection - I Ahmedabad Ring Road Infrastructure Limited (ARRIL) (INR mn) Qrtr 2011 2012 2013 2014 2015 2016 2017 2018 % rise June 147.1 173.3 183.6 183.0 188.4 222.2 236.7 234.3 1.0% Sept 139.7 164.8 163.9 175.6 202.7 212.5 227.0 226.6 (0.2)% Dec 169.9 194.6 179.3 188.5 223.0 231.1 N.C. 250.4

  20. Slide 20: Toll Collection - II

    Toll Collection - II Bijapur Hungund Tollway Pvt Limited (BHTPL) (INR mn) Qrtr 2013 2014 2015 2016 2017 2018 % rise June 164.6* 243.6 255.2 284.2 303.9 295.9 (2.6)% Sept 232.7 236.3 259.6 281.6 285.6# 296.7 3.9% Dec 227.6 231.0 254.6 279.8 N.C. 300.2 N.C. Mar 237.6 238.6 273.9 302.2 292.8 318.9 8.9%

  21. Slide 21: Toll Collection - III

    Toll Collection - III Maharashtra Border Check Post (MBCPNL) (INR mn) Qrtr 2014 2015 2016 2017 2018 % rise June 16.7* 196.1 340.7 415.3 451.1 8.6% Sept 63.1 222.0 366.9 406.3 432.2 6.4% Dec 76.2 237.7 415.5 N.C. 492.9 N.C. Mar 146.2 260.6 431.5 448.3 493.5 10.1% Total 302.2 916.4 1554.6 1,869.7 * To

  22. Slide 22: Toll Collection – IV and Details related to Cash Profitability

    Toll Collection – IV and Details related to Cash Profitability Rohtak Hissar Toll Pvt Limited (RHTPL) (INR mn) Qrtr 2017 2018 % rise June - 132.4 Sept 82.8* 135.5 Dec N.C. 152.6 N.C. Mar 130.0 150.3 15.6% Total 570.8 * Toll collection started from 3 Aug, 2016 Toll collection for Q3FY17 and full year

  23. Slide 23: Details related to Cash profitability

    Details related to Cash profitability Details related to cash profitability at SPVs (INR mn) Quarter FY17 Q1FY18 Q2FY18 Q3FY18 Total Income from Operations + Other Income 10,128.60 2,619.44 2,561.97 2,768.30 Less: Recurring cash expenses 1,671.09 400.10 411.78 421.79 Total Cash EBITDA 8,457.51 2,219

  24. Slide 24: SIPL - Standalone Financials

    SIPL - Standalone Financials Balance Sheet (INR mn) FY17 FY16 FY15 FY14 Income Statement (INR mn) FY17 FY16 FY15 FY14 Share Capital 3,522.3 3,522.3 3,109.6 282.6 Income from Operations 2,854.4 858.0 701.1 911.8 Reserves & Surplus 9,905.0 9,441.3 5,326.3 8,036.0 Other Income 282.6 405.6 372.0 246.6 N

  25. Slide 25: SIPL - Consolidated Financials

    SIPL - Consolidated Financials Balance Sheet (INR mn) FY17 FY16 FY15 FY14 Income Statement (INR mn) FY17 FY16 FY15 FY14 Share Capital 3,522.3 3,522.3 3,109.6 282.6 Income from Operations 13,480.1 19,709.7 5,003.0 3,744.0 Reserves & Surplus (2,805.8) 1,032.1 4,699.5 8,265.9 Other Income 558.8 387.5 2

  26. Slide 26: Thank You

    Thank You

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