CORPORATE PRESENTATION April 2018 1
Executive Summary Header Goes Here • MEP Infrastructure Developers Ltd (MEP) group, is an integrated road infrastructure developer and is a key player Company Overview Company Overview for HAM,OMT and Toll Collection projects in India. • Founded in 2002 by promoters Lt Shri Dattatray Mhaiskar and Shri Jayant Mhaiskar, MEP commenced operations with toll collection at five entry points to Mumbai. • MEP further added a portfolio of various Toll collection &OMT projects to be executed over Short and Long term. The Company has evolved into a road developer with the win of six HAM projects in 2016 and further addition of 4 more HAM projects in March 2018 Business Mix as on 31 Mar 2018 Operate Maintain Hybrid Annuity Model Build Operate Transfer Tolling Projects Transfer (OMT) (BOT) • 3 Long Term (LT) and (HAM) • Managing 3 OMT 1 Short Term (ST) • 10 HAM projects in • 1 Long term BOT projects across India project with Toll Tolling projects under Maharashtra (8) and • Covering 1,182 lane Revenues under management pan Gujarat (2) kms and 9 toll plazas • Worth INR 79,417 Mn management India • Covering bridge, Ring • 128 Toll Plazas across (USD 1221 Mn) covering 4 states 2,144 lane kms Road and 5 toll plazas • Two of the largest Toll collection contracts in the country- at the five Entry Points to Mumbai and at 124 entry Key Projects points to Delhi for a period of 16 and 5 years, until 2026 and 2022, respectively • OMT project in Andhra Pradesh located on NH 7 • Toll collection projects such as HRBC- Vidya-sagar Setu in Kolkata • Ten HAM projects (8 in Maharashtra and 2 in Gujarat) covering 2,144 lane kms Financials • Total Revenue from Operations* at INR 17,291 Mn in FY17; • Net Profit* at INR 1,089 Mn in FY17; • Cash Profit* at INR 2,062 Mn in FY17; * FY17 Financials are presented under Ind-AS 2 Source :Road Development in India 2018;
Company Profile Header Goes Here Revenue Mix – FY17 MEP has evolved into an integrated road Infrastructure developer, having operations in EPC, Toll collections & OMT projects together with its entry into construction with the win of six 3.70% LT, 10.50% major Hybrid Annuity Model (HAM) projects. The company has successful track record of over 15 years and has successfully executed and operated projects in 15 states across India. As of 28 February 2018,the company has executed 134 projects over the years and has completed 120 projects including 222 toll plazas and 1,393 lanes OMT, ST, 37.50% MEP is backed by a experienced promoter and professional management team. 48.40% MEP’s foray into road development / construction by participating in Hybrid Annuity Model road projects is through its Joint Venture with Sanjose India Infrastructure & Construction Pvt. Ltd. which is a reputed multinational infrastructure development company. As of 31 st December 2017 MEP had a workforce , MEP has a strong workforce of comprising of 5,500 + employees that include 3,600+ employees on MEP’s payroll and 20,000 1,950+ contracted workers possessing civil and technical competencies covering the 17,291 entire value chain. 15,000 11,165 62.52% Key clients 10,000 90.80% 5,000 MUMBAI – JNPT 37.48% PORT ROAD COMPANY 9.20% - LIMITED FY17 9MFY18 Short Term Long Term 3
Header Goes Here COMPANY OVERVIEW COMPANY OVERVIEW 4
Header Goes Here Key Milestones Bagged Rajiv Gandhi sea Link project for the 3 rd time Commenced EPC on four HAM projects Crossed INR 10,000 mn of Listed on BSE and revenue in a single Bagged Toll & ECC collection contract at Delhi NSE on 6 th May, 2015 financial year (FY 12) for Entry Points with an IPO of INR the first time Achieved early project completion milestone for 3,240 mn Launched Electronic Toll Mahuva Kagavadar HAM project in Gujarat (79 Awarded various toll Collection at the Rajiv Awarded the Mumbai Entry Points days in advance collection and toll Gandhi Sea Link Projects on OMT basis for 16 years maintenance with an upfront payment of Awarded two long term toll projects through 2017 INR 21,000 mn collection projects and consortium Hyderabad-Bangalore Awarded 5 years long term 2018 OMT project project in Rajasthan by RIDCOR and started toll collections through NHAI across multiple 2015 states in India 2012 Achieved 1 st milestone • 2016 completion on Nagpur Started collection of Package II HAM project toll at the five entry MEPIDL (in JV with 2010 2013-14 Sanjose India) forayed points to Mumbai for Won 4 new HAM projects • 6 years from into road 1,060 lane- in Maharashtra worth INR December 2002 kms worth INR 38,369.9 41,047 mn covering 1084 mn. development with lane kms Hybrid Annuity model QIP of fresh issue of 2.08 cr • Awarded a 3-year OMT projects 2009 2011 shares against raise of contract by MSRDC for Rajiv Won 6 HAM projects in INR1617.9 mn 2002 Gandhi Sea Link in Mumbai Maharashtra and Awarded multiple OMT projects Gujarat in March-June Started collection of and tolling collection projects in Acquired BTPL BOT project 2016 toll at the Rajiv Gandhi Tamil Nadu, Andhra Pradesh in Maharashtra for INR 10.1 Sea Link toll plaza from and Maharashtra mn July 2009 until February Sanjose India: Sanjose India Infrastructure & Construction Pvt. Ltd. 2014 5 MSRDC – Maharashtra State Road Development Corporation Limited
Diversified Project Portfolio and Geographical Presence Header Goes Here Current Portfolio Across Six States In India Current Project Mix Long Short Location OMT Term Term HAM BOT Total Toll Toll Maharashtra 2 1 - 8 1 12 Delhi Tamil Nadu - - 1 - - 1 Gujarat - - - 2 - 2 West Bengal - 1 - - - 1 West Gujarat Bengal Andhra Pradesh 1 - - - - 1 Delhi 1 1 Maharashtra Total 3 3 1 10* 1 18 Toll Collection Short Term Andhra Pradesh Toll Collection Long Term Company’s ability to manage multiple projects across different locations provides a OMT Projects Long Term significant advantage to HAM Projects Long Term efficiently manage its growth and expansion BOT Projects Long Term Tamil Nadu MEP Infrastructure Developers Ltd – Long Jian JV won 4 new HAM projects in Maharashtra in March 2018 . The company has • achieved financial closure commenced execution all 6 HAM projects previously held. The company has also achieved 1 st milestone flor 3 projects 6
Corporate Structure Header Goes Here MEP Infrastructure Developers Limited Long Term BOT/Other Subsidiaries & OMT Projects HAM Projects HAM Projects Toll Collection Projects Associates MIPL - MEP Infrastructure Arawali Kante Ausa Chakur RTBPL - Rideema Toll Bridge RTPL - Rideema Toll Private Limited Private Limited (99.99%) MEPIDL – San Jose India JV MEPIDL – Long Jian JV Private Limited (100%) (100%) (Mumbai Entry Points MEPIDL’s stake – 74% MEPIDL’s stake – 51% (Vidyasagar Setu Project) Project) BTPL - Baramati Tollways Private MEP RGSL - MEP RGSL Toll Nagpur Package I Chakur Loha Limited (99.99%) (BOT Project) DEP – Delhi Entry Point Bridge Private Limited MEPIDL – San Jose India JV MEPIDL – Long Jian JV (Baramati Project) (100%) (Rajiv Gandhi Sea project (100%)* MEPIDL’s stake – 74% MEPIDL’s stake – 51% Link Project) MEP HS - MEP Highway Solutions Nagpur Package I I Loha Warang Private Limited (100%) MEP HB - MEP Hyderabad MEPIDL – San Jose India JV MEPIDL-Long Jian JV Bangalore Toll Road Private MEPIDL’s stake – 74% MEPIDL’s stake -60% # KVM - KVM Technology Solutions Limited (100%) Private Limited (33% ) ( Toll (Hyderabad – Bangalore Kante Wakad Vadape Thane Management systems, Plaza Project) MEPIDL-San Jose India JV MEPIDL - Long JianJV Surveillance, Weight enforcement MEPIDL’s stake -74 % MEPIDL’s stake – 51% system for Public Funded Projects ) MTPL - MEP Tormato Private Limited 5 . Talaja Mahuva (100%) MEPIDL-San Jose India JV MEPIDL’s stake -60% MEP Infraprojects - MEP Infraprojects Private Limited (100%) Mahuva Kagavadar 10. Vadape Thane MEPIDL-San Jose India JV MEPIDL - Long JianJV MEPIDL’s stake -60% MEPIDL’s stake – 51% # Represents Associate The Delhi entry point project is operated by parent entity-MEPIDL. • 7 The above structure represents our existing operative & forthcoming companies as on March 31, 2018 •
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