Ashoka Buildcon Limited To, To, The Manager, The Manager, The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code : 533271 Scrip Symbol : ASHOKA EQ. June 16, 2020 Sub: Result Update Presentation for the Quarter and year ended March 31, 2020 Please find enclosed herewith the copy of Result Update Presentation in respect of Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2020. Kindly take the matter on your record. ICSI Membership No.: FCS-7377 Encl: As above Regd. Office : S.No. 861, Ashoka House, Ashoka Marg, Vadala, Nasik – 422 011 CIN : L45200MH1993PLC071970
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Ashoka Buildcon Limited To, To, The Manager, The Manager, The Department of Corporate Services The Listing Department BSE Limited National Stock Exchange of India Limited Floor 25, P. J. Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Scrip Code : 533271 Scrip Symbol : ASHOKA EQ. June 16, 2020 Sub: Result Update Presentation for the Quarter and year ended March 31, 2020 Please find enclosed herewith the copy of Result Update Presentation in respect of Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2020. Kindly take the matter on your record.
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Ashoka Buildcon Limited (the “Company”), have
been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of
the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company
makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness
and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you
may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are
individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject
to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the
performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide,
competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological
implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to
market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely
from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in
this Presentation. Any forward-looking statements and projections 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.
Disclaimer
Receipt of Provisional Certificate (PCOD) for Kharar Ludhiana Road Project (HAM)
Commercial Operation Date (COD) – March 31, 2020
Received Letter of Award (LOA) worth Rs. 10,355 Mn from NHAI for road project under
Bharatmala Pariyojana (Package-III) in Karnataka under Hybrid Annuity Mode (HAM)
Project entails Four Laning of Tumkur-Shivamogga section from Km 119+790 (Design 1Km
121+900) to Km 166+100 (Design Km170+415), Banwara to Bettadahalli section of NH-20 on
Hybrid Annuity Mode
Execution of Concession Agreement with NHAI
Ashoka Banwara Bettadahalli Road Private Limited (SPV) has executed a concession
Agreement with NHAI on March 19, 2020, for the Project viz. "Tumkur — Shivamogga Section
Km 119+790 to Km 166+100 from Banwara to Bettadahalli section of NH-206 (Package III)
3
Key Developments
Revenue (Rs Mn)
EBITDA (Rs Mn)
39,363 40,824
FY19 FY20
6,309 7,306
FY19 FY20
Standalone Financial
4
Impact of Covid-19
Business Impact
Liquidity
• The COVID-19 pandemic led to a nationwide lockdown halting economic activities across most sectors- Construction
activities also came to halt & Toll Plazas were shut amid lockdown across the Country
• Commenced construction activity in a phased manner, adhering to the prescribed safety measures almost at
all project sites
• Toll Collection- Resumption of Toll-collection across all toll plazas from 20th April 2020. Within 3 weeks, we have
reached 60-70% pre-Covid toll collections levels
• Due to sudden halt in construction activities and tolling activities, the revenue & profitability to be impacted in near
term
• Focus on Stringent Cost Control Measures to minimize the impact of crisis on Profitability – Established robust internal
control systems with a review mechanism
• Company’s Current Order Book is at Rs. 89,809 mn, which is comfortable and is expected to help the Company in
carrying on its operations smoothly
• Labour Availability- Currently, we are operating at 50-70% of required workforce and expect to reach at normal level in
near-term
• Difficult to ascertain the material impact of covid-19 for FY21 at this stage
• Company’s liquidity is adequate to meet the business requirements and do not foresee any liquidity concern in near
term
• Release of retention money as against proportionate work done will enhance the liquidity position of the Company
• ‘Force Majeure Clause’ to be applicable at all the tolling contracts
Outlook
5
Standalone Profitability Highlights (as per IND-AS)