Investor Presentation | Q1FY24

India's First Multi-National Infrastructure Company in the Highways Sector

Hyderabad Outer Ring Road

Table of Contents

Financial Highlights

Page 2

Result Highlights

Page 4

Business Overview

Page 9

IRB Parent Overview

Page 25

Private InvIT Overview

Page 33

Public InvIT Overview

Page 39

Appendix - Additional Financial Info

Page 46

Appendix II - Sector Overview

Page 50

Financial Highlights for Q1FY24

  • Mumbai Pune and Ahmedabad Vadodara Projects sound revenue growth +15% YoY for Q1FY24
  • Private InvIT Revenue Growth of 22% YoY for Q1FY24
  • Ganga Expressway Execution progressing as per schedule.
  • Financial closure for Samakhiyali Santalpur BOT project is in advance stage and expect to receive Appointed date soon
  • Financial closure for Hyderabad ORR TOT Project is also in advance stage and expect to takeover the project soon.

Concession / Contracting

• Strong

financial

position:

Consolidated Net Debt 100.09 Bn,

0.74x Net

Debt/Equity,

with strong

liquidity for future Equity requirement

  • Corporate rating continues to be AA- by leading rating agencies
  • Successfully completed 2nd Tranche of equity raise for Ganga Expressway amounting to ~ Rs. 5.42 Bn
  • PAT growth of 59% of Q1FY24 achieved as compared to adjusted PAT for Q1FY23.
  • Rights issue of ~ Rs. 28.62 Bn for Private InvIT proposed to be undertaken in August, 2023

Financial Position &

Development

• Rated among the top Infra Companies in India for ESG:

Rating

Criteria

CY

PY

Agency

S&P Global

Higher - Better

31

7

Sustainalytics

Lower - Better

33.5

44.5

• IRB member of India Global Compact UN Since July 2022 and Committed to Science Based Targets Initiative (SBTI) on reducing carbon emissions and contribute towards achieving climate targets

• We are committed to ESG practices with strong focus on emission reduction along with conservation of energy & water

• We are committed to ensure resource efficiency and promote circular economy in its operations by effective planning and management of input materials.

ESG & Sustainability

2

Result Highlights

Financial Summary (Quarterly YoY)

INR in Million

Particulars

Total all segments

Construction Segment

BOT Segment

Q1FY24

Q1FY23*

Q1FY24

Q1FY23

Q1FY24

Q1FY23

Revenue

17,455

19,954

11,329

14,680

6,126

5,274

EBITDA

8,891

11,315

3,433

6,470

5,458

4,845

EBITDA margin

51%

57%

30%

44%

89%

92%

Financial expenses

3,815

3,850

1,203

1,278

2,611

2,571

Depreciation and amortization

2,367

2,031

134

126

2,233

1,905

PBT (Before JV)

2,709

5,434

2,096

5,065

613

369

PAT (Before JV)

1,873

3,966

1,416

3,650

457

316

PAT margin

11%

20%

12%

25%

7%

6%

PAT (Excluding one time income &

1,873

1,178

1,416

862

457

316

before JV)

Share of profit/(loss) in JV/Associates

(535)

(334)

-

-

(535)

(334)

PAT after Share of profit/(loss) in

1,338

3,632

1,416

3,650

(78)

(18)

JV/Associates

PAT after Share of profit/(loss) in

JV/Associates (Excluding one time

1,338

844

1,416

862

(78)

(18)

income)

* Q1FY23 includes claim income of Rs. 4.2 Bn as one time income and thereby improving EBITDA by 3.73 Bn

4

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

IRB Infrastructure Developers Ltd. published this content on 31 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2023 12:07:47 UTC.