CORPORATE PRESENTATION DECEMBER 2016 1
Header Goes Here Executive Summary Company Overview Company Overview • MEP Infrastructure Developers Ltd (MEP), is one of the leading players for OMT and Toll Collection projects in India. • Founded in 2002 by current promoters Mr Dattatray Mhaiskar and Jayant Mhaiskar, MEP commenced operations with toll collection at five entry points to Mumbai for 6 years. • MEP further added a portfolio of Toll collection projects over Short and Long term, together with OMT projects, and has recently forayed into road development / construction by participating in Hybrid Annuity Model road projects. Operate Maintain Build Operate Transfer Tolling Projects Hybrid Annuity Model Business Mix • 3 Long Term (LT) and Transfer (OMT) (HAM) (BOT) • Managing 3 OMT • 1 Long term BOT 9 Short Term (ST) • Recently awarded 6 projects across India project with Toll Tolling projects under HAM projects in • Covering 1,361 lane Revenues under management pan Maharashtra (4) and kms and 9 toll plazas management India Gujarat (2) • Worth INR 38,369.9 mn • Covering bridge, Ring • 20 Toll Plazas across 7 Road and 5 toll plazas states covering 1,060 lane kms Key Projects • One of the largest OMT contracts at the five Mumbai Entry Points for a period of 16 years until 2026 • Toll collection projects such as HRBC- Vidyasagar Setu in Kolkata • Six HAM projects (4 in Maharashtra and 2 in Gujarat) covering 1,060 lane kms Financials • Total Revenue grown from INR 12,149 Mn in FY14 to INR 20,068 in FY16; • Net Profit grown from INR (1,292) Mn in FY14 to INR 263 Mn in FY16; • Cash Profit grown from INR (256) Mn in FY14 to INR 1,816 Mn in FY16; 2
Header Goes Here COMPANY OVERVIEW COMPANY OVERVIEW 3
Header Goes Here Company Profile Leading and Diversified Player Revenue Mix – FY16 Since commencing operations in 2002 from a pure toll collection business model, MEP has evolved into a diversified Infrastructure company having operations in OMT and Toll collections and its recent foray into construction with the win of six major Hybrid Annuity ST Model (HAM) projects. 33.40% 45.90% MEP has a successful track record of over 13 years of operational excellence pan India LT having operated in 12 states in India. LT - OMT The company has executed more than 110 projects over the years and has completed 20.60% 106 projects including 200 toll plazas and 1,230 lanes. MEP is backed by a strong promoter and professional management team. MEP’s recent foray into road development / construction by participating in Hybrid Increasing focus on LT projects (INR Mn) Annuity Model road projects is through its Joint Venture with Sanjose India Infrastructure & Construction Pvt. Ltd. who are a reputed multinational infrastructure development company. 25,000 As on 30 th September 2016, MEP had a workforce strength at – 20,088 20,068 20,000 ~ 3,049 employees in Tolling and maintenance activities. 15,000 58% 67% ~ 849 contract workforce at various toll plazas. 10,801 10,000 39% Strong Relationship With Statutory And Government Authorities 5,000 42% 61% 33% 0 MUMBAI – JNPT PORT ROAD FY12 FY15 FY16 COMPANY LIMITED Short Term Long Term 4
Header Goes Here Key Milestones MEPIDL (in JV with Sanjose India) Crossed INR 10,000 mn of revenue 2016 forayed into road development with in a single financial year (FY 12) for Awarded the Mumbai Entry Hybrid Annuity model projects the first time Points Projects on OMT basis Won 6 HAM projects in Maharashtra in Launched Electronic Toll Collection for 16 years with an upfront March-June 2016, covering 1,060 lane- at the Rajiv Gandhi Sea Link payment of kms worth INR 38369.9 mn INR 21,000 mn Awarded two long term toll collection projects and Awarded 5 years long term 2015 Hyderabad-Bangalore OMT project project in Rajasthan by RIDCOR and started toll collections through NHAI across multiple states in India Listed on BSE and NSE on 6 th 2013-14 2012 May, 2015 with an IPO of INR Started collection of 3,240 mn toll at the five entry points to Mumbai for 6 Awarded various toll 2010 years from December collection and toll Awarded a 3-year OMT maintenance projects 2002 contract by MSRDC for Rajiv 2011 through consortium Gandhi Sea Link in Mumbai Awarded multiple OMT 2009 projects and tolling Acquired BTPL BOT 2002 collection projects in Tamil project in Maharashtra Nadu, Andhra Pradesh and for INR 10.1 mn Started collection of toll Maharashtra at the Rajiv Gandhi Sea Link toll plaza from July Sanjose India: Sanjose India Infrastructure & Construction Pvt. Ltd. 2009 until February 2014 MSRDC – Maharashtra State Road Development Corporation Limited 5
Header Goes Here Diversified Project Portfolio With Pan-India Presence Current Portfolio Across Seven States In India Current Project Mix Long Short Location OMT Term Term HAM BOT Total Toll Toll Maharashtra 2 1 4 1 8 Tamil Nadu - 1 1 - - 2 Rajasthan - - 3 - - 3 Gujarat - - - 2 - 2 Uttar Pradesh Rajasthan Uttar Pradesh - - 2 - - 2 Jharkhand West West Bengal - 1 0 - - 1 Gujarat Bengal Andhra Pradesh 1 - - - - 1 Jharkhand - - 3 - 3 Maharashtra Telangana Total 3 3 9 6* 1 22# Toll Collection Short Term Andhra Pradesh Toll Collection Long Term Company’s ability to manage multiple projects across different locations OMT Projects Long Term provides a significant advantage to efficiently manage its growth and expansion HAM Projects Long Term BOT Projects Long Term Tamil Nadu * MEPIDL – Sanjose India JV has recently won 6 HAM projects in Maharashtra & Gujarat. MEP has achieved financial closure for 2 projects in Maharashtra, while the company is in the process of achieving financial closure for the rest # This comprises of 16 operational projects and 6 recently won HAM projects, within our project portfolio 6
Header Goes Here Corporate Structure MEP Infrastructure Developers Limited Long Term OMT Projects HAM Projects Other Subsidiaries / Associate BOT Projects Toll Collection Projects MIPL - MEP Infrastructure Arawali Kante MEP HS - MEP Highway Solutions Private Private Limited (99.99%) RTBPL - Rideema Toll Bridge RTPL - Rideema Toll MEPIDL – San Jose India JV Limited (100%) (Mumbai Entry Points Private Limited (100%) Private Limited MEPIDL’s stake – 74% Project) # KVM - KVM Technology Solutions Private (100%) (Vidyasagar Setu Project) Limited (33% ) ( Toll Management systems, Nagpur Package I MEP RGSL - MEP RGSL Toll Plaza Surveillance, Weight enforcement MEPIDL – San Jose India JV BTPL - Baramati Bridge Private Limited system for Public Funded Projects ) MEPIDL’s stake – 74% Tollways Private (100%) (Rajiv Gandhi Sea Limited (99.99%) MTPL - MEP Tormato Private Limited (100%) Link Project) Nagpur Package II (BOT Project) MEPIDL – San Jose India JV (Baramati Project) MEP HB - MEP Hyderabad MICPL - MEP Infra Constructions Private MEPIDL’s stake – 74% Bangalore Toll Road Private Limited (100%) Limited (100%) MEP Infraprojects - MEP Infraprojects Kante Wakad (Hyderabad – Bangalore Private Limited (100%) MEPIDL – San Jose India JV Project) MEPIDL’s stake – 74% MEP Nagzari - MEP Nagzari Toll Road Private Limited (100%) Talaja Mahuva MEP RBPL – MEP Roads & Bridges Private MEPIDL – San Jose India JV Limited (100%) MEPIDL’s stake – 60% MTIPL - MEP Toll & Infrastructure Private Limited (100% ) Mahuva-Kgavadar MEPIDL – San Jose India JV MTRPL - Mhaiskar Toll Road Private Limited MEPIDL’s stake – 60% (100%) # Represents Associate 7
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