SUPREMEINFRASTRUCTUREINDIALTD.

FourthQuarter&FullYearFY201314Results
InvestorUpdate,May 2014

DiscussionOutline
ResultHighlights
Q4&FullYearFY14Results Financialsnapshot
Orderbookanalysis
BOTportfolioUpdate
Annexure

2014 Supreme Infrastructure India Ltd.

Q4FY14 ResultHighlights
EPCSTANDALONEHIGHLIGHTS
EBIDTA(Rs.Mn)

INCOME(Rs.Mn)

25.8%

22.3%

Q4FY13

Q4FY14

Q4FY13

270.2

70000

60445

58961

11236

8468

Q4FY13

Q4FY14

Q4FY14

BOTUPDATE TOTALTOLLCOLLECTION(Rs.Mn)

TOTALORDERBOOK(Rs.Mn)
400

375
351

350
300

40000

250

30000
20000

5.1%

826.7

6533.8

50000

284.7

1040

7993.6

60000

PAT(Rs.Mn)

49209

50493

10000

200
150

0
Q4FY13
ConfirmedOrderBook

Q4FY14
L1Orderrbook

100
Q3FY14
2014 Supreme Infrastructure India Ltd.

Q4FY14

Q4FY14 Result Financials

Particulars

Q4 FY14

Q4 FY13

YoY %

Q3 FY14

QoQ%

Income

7993.6

6533.8

22.3%

6062.5

31.9%

Expenditure

6953.6

5707.1

21.8%

5201.5

33.7%

EBITDA

1040.0

826.7

25.8%

861.0

20.8%

EBITDA%

13.0%

12.6%

Depreciation

98.7

92.6

6.6%

88.5

11.5%

PBIT

941.3

734.1

28.2%

772.5

21.9%

Interest

426.9

351.9

21.3%

306.5

39.3%

OtherIncome

10.9

14.1

22.7%

9.2

18.5%

PBT

525.3

396.2

32.6%

475.1

10.6%

Tax

255.1

111.4

129.0%

154.2

65.4%

PAT

270.2

284.7

5.1%

320.9

15.8%

PAT%

3.4%

4.4%

5.3%

Equity(mnshares)

20.09

16.74

20.09

EPS

12.22

17.01

14.2%

28.2%

18.3

AllfiguresinRs.Mn,unlessotherwisementioned.EPSfiguresinRs.

2014 Supreme Infrastructure India Ltd.

33.2%

FullYearFY14Financials StandaloneP&L
Particulars

FY14

FY13

YoY %

Income

21586.4

19869.5

8.6%

Expenditure

18413.2

16784.8

9.7%

EBITDA

3112.6

3084.7

0.9%

EBITDA%

14.4%

15.5%

Depreciation

365.0

335.9

8.7%

PBIT

2747.6

2748.8

0.0%

InterestCost

1350.1

1191.8

13.3%

OtherIncome

60.5

40.6

49.0%

PBT

1458.0

1597.6

8.7%

Tax

557.7

501.2

11.3%

PAT

900.3

1096.4

17.9%

PAT%

4.2%

5.5%

Equity(mnshares)

20.09

16.74

EPS

49.31

65.47

AllfiguresinRs.Mn,unlessotherwisementioned.EPSfiguresinRs.

2014 Supreme Infrastructure India Ltd.

24.7%

FullYearFY14Financials StandaloneBalanceSheet
Particulars

FY14

FY13

Particulars

FY14

FY13

(A)FixedAssets

2,883.7

3,067.5

(B)NonCurrent Investments

2,935.5

2,227.9

21.1

152.8

(D) OtherNonCurrentAssets

1.5

19.7

(E)DeferredTaxAssets(Net)

14.8

Total Non Current Assets

5,856.6

5,467.8

17.0

17.3

(B)Inventories

1,807.7

1,706.5

EQUITIES &LIABILITIES

ASSETS

ShareholderFunds

NonCurrentAssets

(A)Equity ShareCapital

225.9

192.4

(B)Convertible Warrants

92.5

(C)Reserves &Surplus

6,026.7

4,575.7

Total ShareholderFunds

6,345.1

4,768.2

1,578.2

2,350.8

104.4

55.6

19.4

1,633.8

2,474.7

(C)LongTermLoans &Advances

NonCurrentLiabilities
(A) LongTermBorrowings
(B)DeferredTax Liabilities(Net)
(C)LongTermProvisions
Total Non CurrentLiabilities

CurrentAssets
(A) CurrentInvestments

CurrentLiabilities
(A) ShorttermBorrowings

7,550.9

6,667.8

(C)TradeReceivables

7,795.9

6,920.3

(B)TradePayables

2,114.8

2,198.4

(D)CashandBankBalances

1,082.6

1,297.7

(C)OtherCurrentLiabilities

4,541.9

4,498.3

(E)Short TermLoans andAdvances

6,078.4

5,325.3

451.6

127.7

(D)Short TermProvisions
Total CurrentLiabilities

14,659.4 13,492.2

GRANDTOTAL EQUITIES &LIABILITIES

22,638.4 20,735.0

Total CurrentAssets

16,781.7 15,267.2

GRANDTOTAL ASSETS

22,638.4 20,735.0

AllfiguresinRs.Mn,unlessotherwisementioned.EPSfiguresinRs.

2014 Supreme Infrastructure India Ltd.

Q4&FullYearFY14 Result Update

FY2014 TotalRevenuesfromOperationsgrewby8.6%toRs.21,586.4mn onaYoY basisas

comparedtoRs.19,869.5mn inFY2013
Q4,FY2014:TotalRevenuesgrewby22.3%toRs.7,993.6mn.onaYoY basisascomparedtoRs.
6,533.6mn.inQ4FY2013

FY2014 EBIDTAhasbeenflatwith1%increasetoRs.3,112.6mn.onaYoY basisascomparedtoRs.

3,084.7mn.inFY2013
Q4,FY2014:EBITDAgrewby25.8%toRs.1,040.0mn.ascomparedtoRs.826.7mn.inQ4FY
2013

FY2014 EBIDTAMargins%decreasedby110bpsto14.4%ascomparedto15.5%inFY2013.

Therehavebeencostescalationsinfewoftheprojects,howeverasaprudentpolicy,theEscalation
RevenuesarerealizedonlywhenclaimsarereceivedinActuals,butcostofwhichhasbeenbookedin
thecurrentperiod,thusresultingindeclineinMargins.

Alsoasaprudentmeasure,therehasbeenaprovisionmadeforDoubtfulDebtorswhichhasresulted
intoincreaseofOtherexpensesandthusimpactedtheProfitability.

FY2014 PATreducedby17.9%Rs.900.3mn.onaYoY basisascomparedtoRs.1096.4mn.inFY2013

Q4,FY2014NetProfitsreducedby5.1%toRs.270.2mn.ascomparedtoRs.284.7mn.inQ4FY
2013

RecommendedfinalDividendof15%(Dividendpershare Rs.1.50perequityshare)fortheyear
2014 Supreme Infrastructure India Ltd.

Orderbook 31st March,2014

Order Book
RoadsBOT

Confirmed

L1

Q4FY14
Q4FY14
Valueof
Total
Order
order
additions
additions
14,026

14,026

RoadsCashContract

6,371

3,370

9,741

5,741

Bridges

2,750

2,750

Railways

649

649

Buildings

18,713

2,750

21,463

5,502

2,348

7,850

Water
Power
Total

2,482

2,482

50,493

8,468

58,961

SegmentalBreakup
Building
36%

Bridges
5%

RoadsBOT
24%

RoadsCash
Contract
17%
Railway
1%

Power
4%

Water
13%

CurrentunexecutedorderbookstandsatRs.58,961mnason31ST March,2014;includingL1orders
worthRs.8,468mn.
Additionof2newordersworthRs.5,741mnduringthequarterunderroadsverticals.
DuringQ4FY14,ThecompanyhasbaggedaRoadCashEPCContractofRs.3,370mn inBiharfrom
NationalHighwayAuthorityofIndia(NHAI)andanothercashcontractfromBMCofRs.2,371mn.

AllfiguresinMn,unlessotherwisemen oned.

2013 Supreme Infrastructure India Ltd.

OrderbookAnalysis
GeographicalBreakup

BOTvs.EPCOrders

EastIndia
20%

BOT
26%

NorthIndia
44%

WestIndia
36%

EPC
74%

Govt.Vs.NonGovt.Orders

ConfirmedVs.L1Orders
L1Orders
14%

NonGovt
20%

Confirmed
Orders
86%

Govt
80%

2013 Supreme Infrastructure India Ltd.

BOTPortfolio GrowthStrategy

StrategytobeEPCfocussed SIILisanEPCfocusedinfrastructurecompany.Thecompany
wouldlooktosecuritizetheBOTportfolioasandwhenrequiredtomanageitsdebtlevels.SIIL
hasdemonstratedthesamebyselling49%stakein3BOTprojectsto3iinfrastructurefund.

Focusonexecution RobustexecutiontoensuretimelycompletionofBOTprojects.Allthe
fiveoperationalBOTprojectshavebeenexecutedwellintime.

Focusonimprovingcashflowanddebtreduction AllcurrentBOTprojectsaresetto
becomeoperationalwithinnext18months,FouroutofSixtobecomeoperationalinnext6
months leadingtostrongcashflows.Alsoalltheprojectsarewellspacedsoastoreducethe
peakdebtlevels.

10

2014 Supreme Infrastructure India Ltd.

BOTPortfolioMar14:OPERATIONAL
Particulars

MWB

NK

PNM

VB

KB

ProjectCost

5,540

2,340

930

2,140

3,014

EquityStake

74%

51%

100%

100%

10%

49%

EconomicInterest

100%

100%

100%

100%

10%

SanctionedDebt

3,942

1,750

650

1,540

Debtoutstanding

3,647

1,450

630

1,540

SupremeEquity(incl.3i)

1,597

590

280

600

100

EquityInfused(incl 3i)

1,597

590

280

600

100

TollRevenue/day (Rs.Lakh)

13

12

3.5

ConstructionPeriod(mth)

24

36

ConcessionPeriod(years)

28.5

8.5

13

20.1

23.5

ProjectRoadLength(Kms)

70.9

55

55.7

26

8.9

Maharashtra

Maharashtra

Punjab

Maharashtra

Maharashtra

AwardingAuthority

PWD

PWD

PIDB

PWD

SangamInfra

EPCworkallocation

Supreme

Supreme

Supreme

Supreme

3istake

State

AllfiguresinMn,unlessotherwisemen oned.Wees mateatrac

Growthof57%withprojectandequityIRRof18%and21%respectively.

11

MWB: Manor Wada Bhiwandi

NK: Ahmednagar Kopargoan
PNM: Patiala Nabha Malerkotla KB: Kasheli bridge
VB: Vasai Bhiwandi
2014 Supreme Infrastructure India Ltd.

BOTTollCollectionUpdate OperationalProjects
TotalTollCollected

Avg.Daily TollCollected

Q4FY14

Q3FY14

Q4FY14

Q3FY14

MWB

129

148

1.4

1.5

NK

110

112

1.2

1.2

PNM

28

31

0.3

0.3

VB

84

84

0.9

0.9

Total

351

375

3.8

3.9

1.6
400
350

351

84

1.4
1.2 1.2
1.2

84

300

31
28

250
200

112

110

150
100

1.5
1.4

375

0.9 0.9

0.8
0.6
0.4

148

129

0.3 0.3

0.2

50

0
Q3FY14
MWB

MWB: Manor Wada Bhiwandi

Q4FY14
NK

PNM

MWB

VB

NK
Q3FY14

NK: Ahmednagar Kopargoan PNM: Patiala Nabha Malerkotla

12

PNM

VB

Q4FY14

AllfiguresinMn,unlessotherwisemen oned.

2014 Supreme Infrastructure India Ltd.

BOTPortfolioMar14:UnderConstruction
Particulars

PI

JRR

AKT

SS

HM

KM

ProjectCost

12,060

10,450

5,400

3,300

800

1,080

EquityStake

64%

40%

51%

46%

98%

74%

49%

44%

EconomicInterest

90%

40%

100%

90%

100%

74%

SanctionedDebt

9,000

7,900

4,050

2,475

500

800

Debtoutstanding

5,182

1,800

3,600

1,080

445

SupremeEquity(incl.3i)

2,290

1,020

1,350

825

300

280

EquityInfused(incl 3i)

1,870

1,090

1,350

825

275

280

Est.Toll revenue/day (Rs.Lakh)

45

35

18

ConstructionPeriod(mth)

30

21

36

24

24

18

ConcessionPeriod(years)

21

28

22.9

22.9

24

18

ProjectRoadLength(Kms)

84

47

61.1

51

1.2

30

Maharashtra

Maharashtra

Punjab

3i Stake

State

Maharashtra

Rajasthan Maharashtra

AwardingAuthority

NHAI

JDA

PWD

PWD

PWD

PWD

EPCworkallocation

Supreme/
Mahavir

Supreme

Supreme

Supreme

Supreme

Supreme

Oct14

July15

Sept14

Oct14

Sept14

Nov15

Commercialoperationaldate

PI: Panvel Indapur

AKT: Ahmednagar Karmala Tembhurni
HM: Haji Malang

AllfiguresinMn,unlessotherwisemen oned.

13

JRR: Jaipur Ring Road

SS: Sangli Shiroli
KM: Kotkapura - Muktsar

2014 Supreme Infrastructure India Ltd.

Annexure

2014 Supreme Infrastructure India Ltd.

Financials ConsolidatedProfit&Loss
Particulars

FY14

FY13

YoY %

Income

25,822.6

23,328.7

10.69%

Expenditure

21,324.4

19,684.3

8.33%

EBITDA

4,498.1

3,644.4

23.42%

EBITDA%

17.4%

15.6%

OtherIncome

82.2

54.2

51.66%

Depreciation

767.1

532.8

43.98%

PBIT

1370.3

3,165.7

56.71%

Interest

2,442.9

1,656.9

47.44%

PBT

1,370.3

1,508.8

9.18%

Tax

594.3

530.9

11.94%

PAT

791.7

977.9

19.04%

PAT%

3.1%

4.2%

Equity(mn shares)

20.09

16.74

EPS

44.74

59.81

25.20%

AllfiguresinRs.Mn,unlessotherwisementioned.EPSfiguresinRs.

15

2014 Supreme Infrastructure India Ltd.

Financials ConsolidatedBalanceSheet
Particulars

FY2014

FY2013

Particulars

FY2014 FY2013

EQUITIES &LIABILITIES

ASSETS

ShareholderFunds

NonCurrentAssets

(A)Equity ShareCapital

254.5

221.9

(B)Convertible Warrants

92.5

(C)Reserves &Surplus

7,135.9

5,827.7

Total ShareholderFunds

7,482.9

6,049.6

817.8

833.6

Minority Interest

(A)FixedAssets

NonCurrentLiabilities
(A) LongTermBorrowings

9.6

111.4

141.8

42.3

(B)DeferredTax Liabilities(Net)
(C)LongTermProvisions
Total Non CurrentLiabilities

7,264.2

(B)TradePayables

2,979.3

3,419.1

(C)OtherCurrentLiabilities

6,107.4

4,815.1

459.4

93.6

(D)Short TermProvisions
Total CurrentLiabilities

17,975.6 15,592.1

GRANDTOTAL EQUITIES &LIABILITIES

46,494.9 36,864.3

863.7

(C)LongTermLoans &Advances

203.6

153.6

(D) OtherNonCurrentAssets

1.6

19.8

(E)DeferredTaxAssets(Net)

14.8

29,605.5 19,930.3

19.0

118.8

(B)Inventories

2,445.3

2,302.7

(C)TradeReceivables

9,250.6

8,396.0

(D)CashandBankBalances

1,422.6

1,988.9

(E)Short TermLoans andAdvances

3,751.8

4,127.5

(A) CurrentInvestments

CurrentLiabilities
8,429.5

861.3

CurrentAssets

20,218.6 14,388.9

(A) ShorttermBorrowings

(B)NonCurrent Investments

Total Non Current Assets

20,067.3 14,235.2

28,524.1 18,893.2

Total CurrentAssets

16,889.5 16,934.0

GRANDTOTAL ASSETS

46,494.9 36,864.3

AllfiguresinRs.Mn,unlessotherwisementioned.

16

2014 Supreme Infrastructure India Ltd.

GroupandShareholdingStructure
Public&Others

Promoters

Institutions

BOTPORTFOLIOSNAPSHOT
29.2%

54.9%

15.9%

1. BOTPortfolioof11BOTProjects
Currently5projectsoperational
KasheliBridge,Ahmednagar
Kopargaon,PatialaNabha Malerkotla,
VasaiBhiwandiandManorWada
Bhiwandi.

SupremeInfrastructureIndia
Ltd.
10%

51%

Kasheli
Bridge

100%

JRR

74%
MW
98%

PI
100%
64%
74%
100%

3i

SBHPL

SBPL

40%

49%
100%

AKT

HM
100%
PNM
90%
KM

NK

2. TotalEquityrequirementfor11Road
BOTprojectsis~Rs.9,240mnof
whichRs.6,870mnhasbeeninfused
bySupremeInfra.3iCapital has
infusedRs.2,000mn. BalanceRs.370
mntobeinfusedoverthenext15
months.

SS

VB

SBPL: SupremeInfrastructureBOTPrivateLimited
SBHPL: SupremeInfrastructureBOTHoldingsPrivateLimited
3i: 3iInfrastructureFund
PI:Panvel Indapur
MWB: ManorWadaBhiwandi
NK:Ahmednagar Kopargoan
JRR: JaipurRingRoad
SS: Sangli Shiroli
PNM:PatialaNabha Malerkotla
AKT:Ahmednagar Karmala Tembhurni
HM:HajiMalang
KM: Kotkapura Muktsar
VB:VasaiBhiwandi

17

3. FinancialclosureachievedforallRoad
BOTProjectsawardedtill31stMar,
2014.

2014 Supreme Infrastructure India Ltd.

AboutUs Shareholdingasat31st Mar,2014

Category

Mar14

Dec13

Sept13

Promoters

54.97%

54.97%

57.90%

FII

13.18%

13.25%

12.93%

DII

1.28%

1.28%

6.39%

Public

30.57%

30.50%

22.78%

Total

100%

100%

100%

EquityCapital (no.ofshares)

Public
30.57%
DII
1.28%
FII
13.18%

Promoters
54.97%

20.09mn 20.09mn 16.74mn

KeyInstitutionalShareholders

%Holding

Kitara PIIN1101

8.21%

Kotak Mahindra

3.56%

IDBIFederalLifeInsurance

1.39%

AvivaLife Insurance

2.75%

Total

15.91%

18

2014 Supreme Infrastructure India Ltd.

SupremeInfrastructure KeyDifferentiators
Margin
Leadership
BusinessMix
&Reach
OrderBook
Position
Financial
Growth

StrongBOT
Portfolio

AboveindustryEBIDTAmarginat1416%duetobackwardintegratedEPCmodelcoupledwith
clusterledexecutionthroughownedquarries,crusherplants,RMCandwetmixplants.
Morethan90%oftheorderbookinstateswherecaptiverawmaterialis available.
Businessdiversificationthroughpresenceinmorethan13geographiesandacross 6verticals.
EPC businesssegments roads,bridges,buildings,railways,sewerages&waterandpower.
Geographicalpresence projectsinHaryana,Chandigarh,ArunachalPradesh,Bihar,
Maharashtra,UP,Rajasthan,Punjab,WestBengal,Assam,Orissa,Jharkhand.
StrongOrderBookofRs.58,961mn (asonMarch31,2014).
OrderbooktoFY14SalesRatioof3x providesstrongrevenuevisibilityfornext23years.
Strongclienteleacrossgovernmentaswellasprivate players NHAI,MMRDA,CPWD,PWD,
BMC,IndianRailways,RamprasthaDevelopers,MundraPort,RNACorp,NBCC,etc.
FY1014CAGRGrowth:Income 42%,EBIDTA 35%,PAT 24%.
Efficiencyratios(FY14):ROE 16.6%.
Nomajorcapex requiredtoexecutecurrentorderbookleadingtofurtherimprovementin
returnratios
Currentportfolioof11BOTprojectswithRs.14,026mn ofUnexecutedEPCOrderbook.EPC
componentoftheBOTprojectstobeexecutedbytheparentcompanySIILthusreducingthe
executionrisk.
Minimalimplementationriskwithmorethan90%oflandacquisitionalreadyinplace.
Alltheprojectroutesareinkeycommercialcorridorsattractinghugeindustrialtrafficwithno
alternaterouteavailable.
Majorityoftheprojectsincludewideningoftheexistingroadsduetohighexistingtraffic
providinggoodvisibilityonfuturetollcollection.

19

2014 Supreme Infrastructure India Ltd.

MajorClientele

NHAI

JDA

Ramprastha

PunjabPWD

PWD

CPWD

AirportsAuthority
ofIndia

Indian
Railways

Vodafone

MMRDA

Mumbai
PortTrust

DSIIDC

*MaharashtraStateElectricityDistributionCo.Ltd

20

2013 Supreme Infrastructure India Ltd.

BMC

MSEDCL*

Rolta

FinancialSummary Standalone
EBITDA

INCOME
19869

PAT
3112

3084

21586

1096
760

15059
1565

9179

392

947

5333

FY10

FY11

FY12

FY13

FY10

FY14

FY1014CAGR 42%

FY11

FY12

FY13

FY14

7.4%

FY10

17.0%

16.2%

FY10

FY11

FY1014CAGR 35%

MARGINANALYSIS(%)
17.8%

900

918

2435

FY12

FY13

FY14

FY1014CAGR 24%

RETURNONEQUITY(ROE)%
34.8%

15.5%

14.6%

29.0%

28.1%

25.8%
16.6%**

8.3%
6.1%

FY11
FY12
EBIDTAMargin%

5.5%

4.3%

FY10

FY13
FY14
PATMargin%

AllfiguresinRs.Mn,unlessotherwisementioned.

FY11

FY12

FY13

** Issue of New shares during FY14

21

2014 Supreme Infrastructure India Ltd.

FY14

Disclaimer
This presentation has been prepared by Supreme Infrastructure India Limited (SIIL) for informational
purposes only and does not constitute or form any part of any offer, invitation or recommendation to
purchase or subscribe for any securities. The information contained in this presentation has not been
independently verified. No representation or warranty, express or implied, is made and no reliance should be
placed on the accuracy, fairness or completeness of the information presented or contained in these
materials. Any forwardlooking statements in this presentation are subject to risks and uncertainties that
could cause actual results to differ materially from those that may be inferred to being expressed in, or
implied by, such statements. Such forwardlooking statements are not indicative or guarantees of future
performance. Any forwardlooking statements, projections and industry data made by third parties included
in this presentation are not adopted by the Company and the Company is not responsible for such third party
statements and projections. This presentation may not be all inclusive and may not contain all of the
information that you may consider material. The information presented or contained in these materials is
subject to change without notice and its accuracy is not guaranteed. Neither the Company nor any of its
affiliates, advisers or representatives accepts liability whatsoever for any loss howsoever arising from any
information presented or contained in these materials. This presentation cannot be used, reproduced, copied,
distributed, shared or disseminated in any manner. No person is authorized to give any information or to
make any representation not contained in and not consistent with this presentation.
22

2014 Supreme Infrastructure India Ltd.

ThankYou

Forfurtherdetailspleasecontact:

VatsalGupta

AmmeetSabarwal

SupremeInfrastructureIndiaLtd.
ContactNo:02261289700
Email:vatsalg@supremeinfra.com

DickensonSeagullIR
ContactNo:+919819576873
Email:ammeet.sabarwal@dickensonir.com
23

2013 Supreme Infrastructure India Ltd.