Dilip Buildcon Ltd. · NSE:DBL
Dilip Buildcon — Q2 FY2018 Earnings Presentation
31 slides from Dilip Buildcon's earnings presentation, November 2017
Slide 1: Q2FY18 Earnings Presentation
Q2FY18 Earnings Presentation
Slide 2: Safe Harbour
Safe Harbour Q2FY18 All statements included or incorporated by reference in this presentation, other than statements or characterizations of historical fact, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our in
Slide 3: Table of Content
Table of Content 1 Results Summary Page : 04 2 Business Highlights Page : 06 3 Financial Highlights Page : 10 4 Strategy & Model Page : 15 5 Appendix Page : 18 3
Slide 4: Results Summary – Q2FY18
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix Results Summary – Q2FY18 Q2FY18 Revenue (₹ mn) EBITDA (₹ mn) Profit after Tax (₹ mn) 2,884 1,158 15,849 9,199 1,591 66 Q2FY17 Q2FY18 Q2FY17 Q2FY18 Q2FY17 Q2FY18 Revenue Breakup Roads & Bridge Irrigation Urban Developm
Slide 5: Results Summary – H1FY18
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix Results Summary – H1FY18 Q2FY18 Revenue (₹ mn) EBITDA (₹ mn) Profit after Tax (₹ mn) 2,379 32,516 5,913 3,655 19,638 565 H1FY17 H1FY18 H1FY17 H1FY18 H1FY17 H1FY18 Revenue Breakup Roads & Bridge Irrigation Urban Develo
Slide 6: Key Highlights for the quarter
Results Summary Business Highlights Financial Highlights Way Forward Appendix Key Highlights for the quarter Q2FY18 • The company has signed a Term Sheet with Chhatwal Group Trust on 24th August, 2017 in respect of divestment of its entire stake in the 24 of its subsidiary companies (SPVs). Consider
Slide 7: Result Update
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix Result Update Q2FY18 (₹ mn) Particulars Q2FY18 Q1FY18 Q2FY17 YoY (%) H1FY18 H1FY17 YoY (%) Revenue 15,849 16,667 9,199 72.29% 32,516 19,638 65.58% Operating expenses 12,965 13,638 7,608 70.41% 26,603 15,983 66.45% EBI
Slide 8: Net Working Capital Days- Quarterly
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix Net Working Capital Days- Quarterly Q2FY18 161 156 134 145 136 132 132 148 155 141 139 120 95 97 102 86 91 89 86 75 80 78 73 69 67 47 34 37 31.03.2016 30.06.2016 30.09.2016 31.12.2016 31.03.2017 30.06.2017 30.09.2017
Slide 9: Order Book
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix Order Book Q2FY18 Order Book Order Book – By Sector 81% 175,683 156,297 142,044 107,787 16% 74,747 51,609 2% 1% Roads, Highways Mining Urban Irrigation FY 14 FY 15 FY 16 FY 17 Q1FY18 Q2FY18 & Bridges Development Order
Slide 10: Projects won in Q2
Results Summary Business Highlights Financial Highlights Way Forward Appendix Projects won in Q2 Q2FY18 We did not win any project in this quarter due to: • Tepid bidding in this quarter • Delay caused due to GST 10 Investor Presentation Q2FY18
Slide 11: Projects completed in Q2
Results Summary Business Highlights Financial Highlights Way Forward Appendix Projects completed in Q2 Q2FY18 Cost of work Scheduled Date of Actual Completion Early Completion Name of the employer Name of the Project State Type of work Length (INR Mn) Completion Date Days NHAI CHAS-RAMGARH JHARKHAND
Slide 12: Profit & Loss - Quarterly
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix Profit & Loss - Quarterly Q2FY18 (₹ mn) Standalone Highlights Particulars Q2FY18 Q2FY17 Y-o-Y Revenue from Operations 15,818 9,163 73% • 73% YOY GROWTH IN TOP LINE Other income 31 36 - • FINANCE COST REDUCED FROM Tota
Slide 13: Balance Sheet - Quarterly
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix Balance Sheet - Quarterly Q2FY18 (₹ mn) Standalone Particulars Q2FY18 Q1FY18 Q2FY17 ASSETS Non-current assets Property, plant and equipment 16,913 16,755 14,282 Investment properties - - - Other Intangible assets 35 3
Slide 14: Balance Sheet - Quarterly
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix Balance Sheet - Quarterly Q2FY18 (₹ mn) Standalone Particulars Q2FY18 Q1FY18 Q2FY17 EQUITY AND LIABILITIES Equity Equity share capital 1,368 1,368 1,171 Other equity 19,376 18,383 10,272 Total equity 20,744 19,751 15,
Slide 15: Working Capital
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix Working Capital Q2FY18 (₹ mn) Standalone Particulars Q2FY18 Q1FY18 Q2FY17 Debtors Days 67 69 86 Inventories Days 102 97 155 Total 169 166 241 Less: Creditors Days 37* 34* 80 Working Capital Days 132 132 161 Inventory
Slide 16: Yearly Standalone Financials
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix Yearly Standalone Financials (₹ mn) Q2FY18 Particulars FY17 FY16 Total income (A) 51,091 41,011 % growth 24.58% 55.90% Cost of construction 23,389 20,166 Changes in inventories 14,540 9,838 Employee benefits expense 1
Slide 17: Business Model
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix Business Model Q2FY18 Project Selection and Management Superior Execution Cost-effective procurement Efficient project Equipment tracking and planning and management for efficiency Careful management selection Robust
Slide 18: Strategy
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix Strategy Q2FY18 Business Focus De-Risk business through o Focus on road EPC for diversification government clients. o Geographical Diversification o Investment in equipment o Segment Diversification bank, process and
Slide 19: Key differentiators
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix Key differentiators Q2FY18 Excellent execution One of the largest fleet One of the largest Robust revenue track record – of construction employers in the visibility – order book at completed 47 road equipment in India
Slide 20: Overview
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix Overview Q2FY18 Pan India presence# 16 states Revenue growth** CAGR of 34.75% roads, bridges, buildings, dams, Diversified areas canals, water supply & mining Largest owner of Construction equipment’s* 8,880 Largest e
Slide 21: Leadership Team
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix Leadership Team Q2FY18 Mr. Dilip Suryavanshi Mrs. Seema Suryavanshi Mr. Devendra Jain Chairman and MD Executive Director Executive Director & CEO Dilip Suryavanshi is the Chairman and Managing Seema Suryavanshi is an
Slide 22: Execution Team
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix Execution Team Q2FY18 Mr. Vaibhav Rawat Mr. Atul Joshi Mr. Devesh Sharma Mr. Pradeep Harel GM – Structure DGM – Legal AGM – Mechanical CFO Mr. P. Marimuthu Mr. Kamalakanta Mahakul Mr. Nitesh Kumar Sharma Mr. Badal Cha
Slide 23: Awards, accreditation and accolades
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix Awards, accreditation and accolades Q2FY18 23 Investor Presentation Q2FY18
Slide 24: Pan India Project Execution Capability
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix Pan India Project Execution Capability Q2FY18 (₹ mn) Covering 65% of the Land Bank State Completed Ongoing Gross Ongoing Net AP 8,615.70 20,429.10 17,284.88 Himachal Pradesh CG - 9,846.00 3,362.51 Punjab GOA - 15,281.
Slide 25: Key Outstanding EPC Projects
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix Key Outstanding EPC Projects Q2FY18 Outstanding Order Schedule Date of Project name Type Contract Value Length (Kms) LOA Date Date of Start Book Completion NIGAHI OCP of NCL Excavation 16,735.77 14,355.48 20/01/2017 2
Slide 26: BOT Project Portfolio Update
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix BOT Project Portfolio Update Q2FY18 The company has signed a Term Sheet with Chhatwal Group Trust on 24th August, 2017 in respect of divestment of its entire stake in the 24 of its subsidiary companies (SPVs) The sale
Slide 27: BOT Project Portfolio
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix BOT Project Portfolio Q2FY18 Total Project Awarding Equity Annuity Project name Type State COD Length (Kms) Cost Authority (Amt. In Mn) (Amt. In Mn) (Amt. In Mn) Suryavanshi Infrastructure Pvt Ltd Toll M.P MPRDC 5-Feb
Slide 28: BOT Project Portfolio
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix BOT Project Portfolio Q2FY18 Awarding Total Project Project name Type State COD Length (Kms) Equity Annuity Authority Cost DBL Sitamau -Suwasara Tollways Annuity + M.P MPRDC 28-Mar-13 35.0 182 74 652 Ltd, Bhopal Toll
Slide 29: BOT Project Portfolio and Irrigation
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix BOT Project Portfolio and Irrigation Q2FY18 Awarding Total Project Project name Type State COD Length (Kms) Equity Annuity Authority Cost Annuity DBL MAHAGAON YAVATMAL HIGHWAYS Hybrid Maharashtra NHAI Awaited 64.93 1,
Slide 30: Urban Development and Mining Projects
Results Summary Business Highlights Financial Highlights Strategy & Model Appendix Urban Development and Mining Projects Q2FY18 Urban Development Outstanding Order Schedule date of Project name Type Contract Value LOA Date Date of Start Book Completion DISTRICT COURT Urban Dev 1 ,890.2 Jan-16 Mar-16
Slide 31: Thank You
Thank You DILIP BUILDCON LIMITED Plot No. 5, Inside Govind Narayan Singh Gate, Chuna Bhatti, Kolar Road, Bhopal Madhya Pradesh - 462 016 Tel.: 0755 – 4029999 |Fax: 0755 – 4029998 Email: [email protected] | CIN: U45201MP2006PLC018689 S-ANCIAL GLOBAL SOLUTIONS PVT. LTD. (Investor Relations) Rahul