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Era Infra Engineering Limited Investor Presentation
Presentation Structure
Company & Business Overview • Vision
• Key Milestones
• Business Overview
• Corporate Structure
• Board of Directors
• Core Management Team
• Pan India Diversified Presence
• Strategic Alliances & Partnerships
Key Clientele
Projects
Financials
Group Vision
“To be the group of first choice in engineering, construction, real estate, entertainment, power, energy and project management through committed focus on quality, innovation, technology, stakeholders’ growth and social responsibility”
Key Milestones
USD 424
Conversion rate: 1USD = 44.98 (May 20, 2011)
23.2
73.8 Last 4-Year Revenue CAGR
Industry Era
*Basis: order-book
Era Infra - Business Overview
Segment-wise Share
Private Sector 20%
Public Sector
80%
Industrial, Social Infra 30%
Power 23%
Infra 47%
Client Breakup
Current order book of USD 2374 Mn
Conversion rate: 1USD = 44.98 (May 20, 2011)
Era Infra Engineering Ltd.
Era Infra - Company Structure
Master SPV for Road Holdco*
Tower Manufacturing
T&D HOLDCO* SPVs
Captive Consumption
Rental
Era T&D Era
Infrastructure EMD#
Divisions
EPC
Power T&D
Roads/ Highways Aviation
Industrial Railways / Metro
Refinery Social Infra
Design & Engineering
He is a retired IAS officer having over 40 years of versatile experience with the Government of India and various public sector undertakings.
Era Infra – Board of Directors
A Civil Engineer and Masters in Structural Engineering.
He has been associated with Northern Railways for the planning and execution of major projects (in India as well as abroad)
Mr. Kapoor brings over 20 years of experience in management, he has held the top position in different organization like MMTC, KMCL, MTPL.
He brings to fore 36 years of experience in the field of management and administration.
He has worked with various large institutions and also had a stint with the Indian Army
Former secretary of Ministry of Power in Government of India, Haryana cadre of the IAS, CMD of the North East Electric Power Corporation, he has well rounded experience in public affairs, economy and administration
A Civil Engineer by profession with over two decades of experience in the field of infrastructure development, construction & administration.
Whole time director, a Civil Engineer and Master in Structural Engineering, has been a Chief Engineer, Ministry of Urban Development, Government of India. Also a member of the Audit and Investors’ Grievance Committee
An MBA from Central Queensland University, Australia. He has an extensive exposure to various functional areas at Era.
HS Bharana Chairman & Managing Director
A Civil Engineer by profession with over 30 years of experience in the field of infrastructure development, construction & administration.
RK Gupta President
A civil engineer with 34 years of rich experience at NTPC, managing design, execution and engineering activities of all gas and thermal plants
Joy Saxena Group Chief Financial Officer
A Chartered Accountant, Cost Accountant, and PGDBA with 26 years of experience. Previously worked with large conglomerates like DLF, Vedanta, Becton Dickinson, DAEWOO Motors and Sahara Group.
Core Management Team
Raj Sharma HR Head
A post graduate diploma holder in management with a specialization in HR, with 20 years of experience.
Ajay Mishra President
A Masters in Science & Business Administration having 24 years of experience in management & administration.
JL Khushu Whole Time Director
Civil Engineer and Master in Structural Engineering, has been a Chief Engineer, Ministry of Urban Development, Government of India. Also a member of the Audit and Investors’ Grievance Committee
Pan India Diversified Presence
70+ Projects 20 States 8 Sectors
Key International Alliances
Era Infra - Key International Alliances: Details
S I B M O S T
R U S S I A
Roads/ Highways
I N D U N I
S W I T Z E R L A N D
Roads/ Highways
K M B
U K R A I N E
Metro/ Airports
K M S S
R U S S I A
M E T R O S T R O Y
R U S S I A
Underground Metro
T E R AT E C
A U S T R A L I A
Underground Metro
O P T I M A
R U S S I A
Substations/ Distribution
S T S
R U S S I A
Railways
H A R S C O
U S A
Railways
Metro/ High Rise Buildings
Performs operations related to construction of all types of Highways & Railways
Engaged mainly in execution of roads, highways, official, commercial & residential building
Engaged in integrated construction of metro facilities, underground structures & technical tunnels
Engaged in commercial, residential, water pipelines. Are also in development of defense sector
It has vast and specialization in execution of deep tunnels and stations
Manufacturer of tunnel boring machine
It is engaged in all kind of activities related to execution of Substations and overhead transmission lines
Engaged in activities of construction and maintenance of railway track, rail facilities, bridges etc
Is the largest railroad maintenance equipment company in the western hemisphere
Era Infra - Key Clientele
••
BOT Projects
BOT Project Details
Project Name Hyderabad Ring Road Project Gwalior Bypass Project
Model Annuity Basis- Design, construction, development, finance and operation
Annuity Basis- Design, construction, development, finance and operation
Location Narsingi to Kollur, Hyderabad City
NH 32 from KM 103.00 to KM 16.00 NH 75
Description Construction & maintenance of eight lane with two lane service road expressway in stretch of 12 KM. Awarded under Phase-II, program as an extn. of Phase I of ORR to Hyderabad city
Entails the construction & maintenance of a 42 Km. Four lane Greenfield bypass in the state of Madhya Pradesh
Equity Holding Era- 49% Era- 39%
Economic Interest > 99.9% > 99.9%
Concession period 15 Years 20 Years
Project Cost USD 85 Mn USD 72 Mn
Status Substantially completed Substantially completed
Conversion rate: 1USD = 44.98 (May 20, 2011)
BOT Project Details
Project Name West Haryana Project Haridwar Highways Project
Model Toll Basis- Design, construction, development, finance and operation
Toll Basis- Design, Build, Finance, Operate and Transfer
Location Delhi Haryana Border to Rohtak Section
NH 58 from KM 131.000 to KM 211.000
Description Entails construction and maintenance of 64 Km. Two Greenfield Bypass at Bahadurgarh and Rohtak Four-lane bypass. Bahadurgarh bypass – 13 KM and Rohtak bypass 25 KM
Four laning in the state of UP and Uttarakhand . 80 KM in length with three green field bypass. Bridge on Ganga River- Elephant Bridge on Muzaffarnagar- Haridwar Section
Equity Holding Era- 49% Era- 74%
Economic Interest > 99.9% > 99.9%
Concession period 25 Years 25 Years
Project Cost USD 127 Mn USD 239 Mn
Status Under construction • LOI received •Concession agreement signed •Financial Closure done
Conversion rate: 1USD = 44.98 (May 20, 2011)
BOT Project Details
Project Name Dehradun Highways Project Bareilly Highways Project
Model Design, Build, Finance, Operate and Transfer (DBFOT) Annuity Basis
Design, Build, Finance, Operate and Transfer (DBFOT) Toll Basis
Location Section NH 58 from 211 to 218 KM and NH 72 from 165 to 196.825
NH 24 from KM 262.00 to KM 413.200
Description 39 Km in length. Four laning in the state of Uttarakhand from Haridwar - Dehradun
Four laning in the state of Uttar Pradesh. 151.2 KM in length from Bareilly to Sitapur
Equity Holding Era- 74% Era- 74%
Economic Interest > 99.9% > 99.9%
Concession period 20 Years 20 Years
Project Cost USD 150 Mn USD 424 Mn
Status LOI received Concession agreement
signed Financial Closure done
LOI received Concession agreement
signed Financial Closure done
Conversion rate: 1USD = 44.98 (May 20, 2011)
Opportunities & Strategic Growth Plans
At least 70 billion USD envisaged in road sector
New opportunity in Transmission & Distribution, Hydro Power, Multi level car parking
Formulating bidding strategies for the same
Projects routed through strategic joint ventures
EPC Projects
EPC - Project Details
• Executed projects 4 x 500 MW Talcher Super Thermal Power Project, 1st to 4th unit of Stage-II, Orissa
• Executing various Thermal Power projects: NTPC, BHEL, LANCO to name a few.
Power
• Projects for Transmission and Distribution line setup in Kerala and Haryana
• Setting up plant for tower manufacturing
T&D
• Cargo complex at Kolkata and runway of Indore airport
• Airport modernization and expansion projects at Pune, Raipur, and Indore
Aviation
• EPC work for six road projects:
• Hyderabad Ring Road
• Gwalior Bypass
• West Haryana Project
• Haridwar Highway
• Dehradun Highway
• Bareilly Highway
Roads/ Highways
EPC - Project Details
• Projects for RVNL at Rewari-Ajmer section
• Railway projects for RVNL of approx. 436 KM in length
• Projects for Delhi Metro corporation
• Focus on Bangalore, Chennai, Mumbai, Jaipur & other Metro projects
Railways/ Metro
• Projects for IOCL, HPCL
• Expansion project of IOCL Panipat Refinery
Refinery
•Urban infrastructure, Hospital Buildings, Commercial & Residential buildings & 4 CWG stadiums
•Building project for CBI headquarter & modernization of Connaught Place with construction of subways
•Projects in low-cost housing for DSIIDC, Bawana.
•More than 6000 units for DSIIDC in Delhi region
Social Infra
• Industrial work for Birla Tyres, Bajaj Hindustan, Videocon
• Project for Public and Private Sectors like SAIL, IOCL, Birla Tyres etc.
Industrial
EPC - Opportunities & Strategic Growth Plan
Expected outlay of approx. 1 trillion USD for infrastructure growth in coming 12th five year plan
In the eleventh five year plan, investment in the Aviation infrastructure, Construction infrastructure, Highway infrastructure, Power infrastructure, Port infrastructure, Telecom infrastructure is expected to be US$ 384 billions
Diversifying presence by addressing projects across newer infrastructure segments such as: Hydro & Nuclear Power
Irrigation & Ports
Multi-level car parking
Dedicated Freight Corridor
Consolidating presence in the existing sectors by executing larger-sized projects
Further enhancing pre-qualification strengths through strategic alliances
Equipment Management
Overview
Crawler Crane (250 tonnes)
Hydraulic Piling Rig Bituminous Plant Boom Lift Crawler Crane (150 tonnes)
Cold Milling Machine
EMD - Equipment Details
•Erection equipment i.e. Cranes (All Terrain / Rough Terrain / Crawler / Tower Cranes), Fork Lifts, etc. are in huge demand across all levels of construction industry
•Era intends to acquire state-of-the-art specialized, standardized and newer machinery along with experienced personnel to handle
• Piling equipment i.e. Piling Rigs, Extractor, Pile Drivers etc. are used to build solid foundations for the construction of all major infrastructure projects, bridges, etc.
• With growing safety concerns, working at heights with Aerial Platforms, Boom Lifts, Scissor Lifts, etc. is mandatory
• Scope for use at airport projects and building maintenance
• Motor Graders – with ongoing road projects, Motor Graders have achieved
• significance in equipment requirements
EQU
IPM
ENT
BA
NK
Opportunities & Strategic Growth Plans
Era T&D Ltd.
T&D - Overview
100% subsidiary of Era Infra Engineering Ltd.
Engaged in the EPC business of power Transmission and
Distribution
Providing the entire range of services including Design &
Engineering
Tower Manufacturing Plant commissioned with 30,000 TPA with
galvanizing facility
T&D - Opportunities & Strategic Growth Plans
Over 90,000 MW of new generation capacity required in the next seven years.
Expected additional capacity of around 100GW in the 12th plan, creating construction opportunity of US$112bn, up from US$56bn in the 11th plan
Power transmission line & extra high voltage switchyards
Grid islanding and load shedding schemes.
To have BOT and asset based projects
Electrical, instrumentation & mechanical installation for refineries, oil terminal stations.
Repair and maintenance contracts for electrical & mechanical installations
Aims to offer a fully integrated manufacturing business model
Plans to execute total turnkey jobs in India and overseas (Middle East & Africa)
Conversion rate: 1USD = 44.98 (May 20, 2011)
Financials
Key Financial Ratios
326
528
759
851
51 67 94
164
27 45 62 55
FY08 FY09 FY10 FY11
Sales
EBITDA
PAT
Key Financials (In Million USD)
2.9
1.9
1.4 1.5
FY08 FY09 FY10 FY11
Debt/ Equity x
Conversion rate: 1USD = 44.98 (May 20, 2011)
Key Financial Ratios
Public, FIIs, MF &
Institutions 41.08
Promoter : 58.92
Shareholding Pattern (As On Date)
109
193
324
388
FY08 FY09 FY10 FY11
Net Worth (In Million USD)
Conversion rate: 1USD = 44.98 (May 20, 2011)
Thank You
Registered Office: 370, 371/ 2, Sahi Hospital Road, Jungpura, Bhogal, New Delhi – 110 014, INDIA
www.eragroup.in
Corporate Office: 153, Okhla Industrial Estate, Phase III, New Delhi – 110 020
Era Infra Engineering Limited
Ph: +91 11 40637000, Fax: +91 11 40637070 [email protected]
By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: This document does not constitute a prospectus, offering circular or offering memorandum. This document has been prepared for information purposes only and is not and should not be construed to be, directly or indirectly, an offer and / or an invitation and / or a recommendation and / or a solicitation of an offer to buy or sell any securities of Era Infra Engineering Limited (the "Company") in any jurisdiction, nor shall part, or all, of this document form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities of the Company. No securities may be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The Company does not intend to register any of its securities for offer or sale in the United States or elsewhere, or to conduct a public offering of securities in the United States or elsewhere. This document is strictly confidential and may not be copied, published, distributed or transmitted to any person, in whole or in part, by any medium or in any form for any purpose. The information in this document is being provided by the Company and is subject to change without notice. The Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness. The Company makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinion contained in this document. The information contained in this document, unless otherwise specified is only current as of the date of this document. The Company assumes no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent development, information or events, or otherwise. This information is based on the company’s current expectations and assumptions that are subject to a variety of risks and uncertainties that are difficult to predict and that may be beyond the Company’s control. Actual results may vary materially from those described in the forward-looking statements. Unless otherwise stated in this document, the information contained herein is based on management information and estimates. The information contained is subject to change without notice and past performance is not indicative of future results. The Company may alter, modify or otherwise change in any manner the contents of this document, without obligation to notify any person of such revision or changes. This document contains statements about future events and expectations that constitute forward-looking statements. These statements typically contain words such as "expects" and "anticipates" and words of similar import. Any statement in this document that is not a statement of historical fact is a forward-looking statement and involves known and unknown risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There can be no assurance that the results and events contemplated by the forward-looking statements contained herein will in fact occur. None of the future projections, expectations, estimates or prospects in this document should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the document. The Company assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements. You acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company. Nothing contained in any presentation is to be construed as legal, investment or other financial advice. The information contained in this presentation has been prepared solely for informational purposes. The contents of this presentation have not been reviewed by any regulatory authority in any jurisdiction where such presentation has been made. This information contained in this document is as of May 2011 Neither the delivery of this document nor any further discussions of the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date.
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