Reliance Infrastructure Limited · NSE:RELINFRA
Reliance Infrastructure — Investor Presentation (June 2019)
15 slides from Reliance Infrastructure's investor presentation, Jun 17, 2019
Slide 1: Analyst Meet Presentation
Reliance Infrastructure Ltd. Analyst Meet Presentation June 17, 2019
Slide 2: Agenda
A Agenda d Towards Debt-Free RInfra Business Update E&C Delhi Distribution Mumbai Metro Summary Confidential Slide 2
Slide 3: Towards Debt-Free RInfra
T Towards d Debt-Free D bt F RInfra RI f Stand alone debt/ liabilities reduced by 25 000 25,000 10 000 10,000 nearly 70% to Rs 5,960 crore in March 20,000 19,143 2019 from Rs 19,143 cr in March 2018 17,100 7,500 15,000 Stand alone interest cost reduced by 22% 5,000 10,000 to Rs 1,210 crore in FY
Slide 4: Towards Debt-Free RInfra
Towards Debt-Free RInfra Specific initiatives underway to be zero debt in next financial year or earlier based on Liquidity Events Equity Initiatives Description Timeline (Rs Cr) 1 Signed binding agreement with Cube 3,000 75 to 90 Road Projects Highways and Infrastructure III Pte Ltd. for 100% s
Slide 5: Business Update
B i Business U Update d t Over last 2 years we have moved to deleverage Balance Sheet by divestment of non core assets / long gestation projects We are now focused on asset light businesses with high RoE and/ or high cash-flow visibility businesses: 1 1. E&C 2. 2 Delhi Distribution 3. 3 Mumbai M
Slide 6: E&C Business: Overview
1 E&C B Business i :O Overview i 28,640 Executed projects of over Rs 50,000 crore C Current t Orderbook O d b k off Rs R 28 28,640 640 crore 20 557 20,557 (>9x increase) Won 9 p projects j worth Rs 23,000 crore in 5,960 last 2 years in competitive bidding 3,075 FY16 FY17 FY18 FY19 E&C Order Bo
Slide 7: E&C Business: Marquee Projects
1 E&C B Business i :M Marquee P Projects j t Key Projects Won : Project Cost Project Name Sector (Rs crore) Versova Bandra Sea Link Road 7,000 Integrated LNG Terminal & Power Project in Bangladesh Power 5,000 Mumbai Nagpur gp Expressway p y ((Package g 7)) Road 1,900 , Mumbai Metro line 4 (3 out o
Slide 8: E&C Business: Opportunities
1 E&C B Business i : Opportunities O t iti Targeting opportunities of ~Rs 300,000 Oil & Gas, 16000, 5% crore in FY20 Heavy Civil, Civil 25000, 9% Power & Process, 70000, 23% Bids participation in projects of Rs 100,000 crore in FY20 Poised to build order book off Rs 50,000 crore from Rs 28,640
Slide 9: Delhi Distribution Business
2 D lhi Distribution Delhi Di t ib ti B i Business Over 1.3 lakh new households added in FY19 N Now serving i over 42 llakh kh h households h ld with ith 100% power reliability li bilit Revenue ~Rs 15,200 crore; EBITDA ~Rs 3,300 crore High g ggrowth rate of 6% T&D loss substantially reduce
Slide 10: Delhi Distribution - Comparison with Tata Power
2 D lhi Distribution-Comparison Delhi Di t ib ti C i with ith Tata T t Power P Particulars BSES Tata Power (Delhi) Area (Sq. km) 950 510 Customer Base (Mn) 4.27 1.64 Peak Demand (MW) 4,550 1,967 Energy Billed (Mu) 18,180 8,870 T&D Loss (%) 8.8% 8.2% Turnover (Rs crore) 15,200 7,890 EBITDA (Rs crore)
Slide 11: Delhi Distribution – Regulatory Assets
2 D lhi Distribution Delhi Di t ib ti – Regulatory R l t Assets A t 75% of total unapproved RA is likely to be recognised by FY20 This will Thi ill sufficiently ffi i tl cover the th balance b l outstanding t t di off G Genco’s ’ (R (Rs 14 14,300 300 crore)) and provides for potential cash surpl
Slide 12: Mumbai Metro Business
3 M b i Metro Mumbai M t Business B i Only East to West rail connectivity in Mumbai-Total investments of Rs 4,000 crore S Successfully f ll completed l t d 5 years More than 54 crore passengers since June 2014 Average g dailyy ridership p of 4.5 lakh commuters with Peak ridership p of 5.2 la
Slide 13: Key Financials (Consolidated)
K Fi Key Financials i l (Consolidated) (C lid t d) Total income up 6% to Rs 21,910 crore in FY19 vis-à-vis Rs 20.612 cr in FY18 Total EBITDA up 7% to Rs 6,792 crore in FY19 vis-à-vis Rs 6,341 cr in FY18 PAT at Rs 1,084 cr in FY19 compared to only Rs 34 crore in FY18; up ~3100% Post one time
Slide 14: Summary
Summary 1. RInfra on path to Death of Debt with stand alone debt less than Rs 6,000 crore as on 31st March 2019 – aim to be zero debt in next financial year or earlier based on Liquidity q y Events 2. Signed binding agreement with Cube Highways and Infrastructure III Pte Ltd ffor 100% sale Ltd. l of
Slide 15: Thank You
RELIANCE Thank You
Reliance Infrastructure — Investor Presentation (June 2019) on 6ix