Nila Infrastructures Ltd — Investor Presentation 2021

Jun 22, 2021

NILA INFRASTRUCTURES LIMITED

Nila/Cs/2021/61 Date: June 22, 2021

To, The Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, · Mumbai- 400 001

To, The Listing Department NatioiJ,al Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra-Kurla Complex, Bandra (E), Mumbai- 400 051

Scrip Code: 530377

Dear Sir,

Subject: Earnings Presentation of Nila Infrastructures Limited

Scrip Symbol: NILA~NFRA

We are hereby submitting a copy of Earnings Presentation Q4 - FY2021 of Nila Infrastructures Limited and request the exchange to take on record.

Encl: aja

Registered Office:

1st floor, Sambhaav House Opp. Chief Justice's Bungalow Bodakdev, Ahmedabad 380015 Tel.: +91 79 4003 6817/18, 2687 0258 Fax: +9.1 79 3012 6371 e-mail: info@nilainfra.com

EARNINGS PRESENTATION | FY2021/Q4-FY2021

• Company Overview
• orders for selected reputed corporate developers. Business Mix "Nila Spaces Ltd (BSE:542231, NSE:NILASPACES)". Key Projects

Infrastructure

• Becharaji, Gujarat.

Infrastructure
Becharaji, Gujarat.FY2021FinancialHighlights(Consolidated)
Operating RevenueINR 969 Mn	EBITDAINR 98 Mn	PAT
Y-o-Y Growth(60.21)%	EBITDA Margins10.11%	PAT MarginsNA

COMPANY OVERVIEW

• Ahmedabad.

Order Book for Affordable Housing at 31st March 2021

Order Book for Affordable Housing at 31st					March 2021
Name of the Project	Business Model	Location	Govt / Private	Total units to beconstructed	Project Status	Total Value(INR Mn)*	Completed	Balance(INR Mn)*
HNC Sabarmati (5)	PPP	Ahmedabad	GOVT	723	WIP	1,032.6	0.03%	1,031.9
IC VijaymillMHQ (8)	PPP	Ahmedabad	GOVT	348	WIP	926.9	0.50%	922.3
SonariaBlock	PPP	Ahmedabad	GOVT	858	WIP	926.8	2.18%	902.6
KhokharaOSQ (6)	PPP	Ahmedabad	GOVT	462	TBI	424.2	-	424.2
Jodhpur –JoDA	EPC	Jodhpur	GOVT	1,216	WIP	509.4	29%	361.8
RNC Gulbai-Tekra(4)	PPP	Ahmedabad	GOVT	89	WIP	239.7	0.55%	238.4
KJP –JDA	EPC	Jaipur	GOVT	384	TBI	223.4	-	211.0
AV5&6 –JDA	EPC	Jaipur	GOVT	316	TBI	181.8	-	171.8
SN2-6 -JDA	EPC	Jaipur	GOVT	256	TBI	148.9	-	140.7
AV1&2 –JDA	EPC	Jaipur	GOVT	236	WIP	139.4	21.33%	131.5
BOB Paldi(11)	PPP	Ahmedabad	GOVT	91	WIP	136.0	5.92%	128.4
LNC Behrampura(3)	PPP	Ahmedabad	GOVT	105	WIP	79.4	1%	78.6
Bhilwara–UIT	EPC	Bhilwara	GOVT	848	WIP	339.4	83%	57.9
Udaipur –UIT	EPC	Udaipur	GOVT	1,152	WIP	489.2	98%	21.0
RRC Bapunagar–Vyapti	EPC	Ahmedabad	PVT	552	WIP	441.6	99%	17.4
Bopal241 –AUDA	EPC	Ahmedabad	GOVT	70	WIP	77.3	88%	9.5
TOTAL								4,849.0

Name of the Project	Location	Govt /Private	Project Status	Total Value(INR Mn)	Completed	Balance(INR Mn)
ModasaBus-Port CF -Vyapnila	Modasa	GOVT	WIP	780.0	42%	454.3
AmreliBus-Port CF -NilaTerminals	Amreli	GOVT	WIP	413.3	38%	255.1
						709.4

FINANCIAL & OPERATIONAL HIGHLIGHTS

• Key Operational Highlights (Standalone) The profitability at EBIDTA level has reduced mainly due to reduction in operational efficiency on back of change in revenue-mix i.e. higher contribution from low-margin projects. • The project/operations cost and other costs have increased with a few projects being in preliminary stage.
• The employee cost has reduced due to reduction in overall employee base. The depreciation and amortization expense has increased, while net-block of PPE has increased mainly on back of fresh purchase of a building. • The Company has successfully re-negotiated the ROI with the lenders for existing as well as fresh debt
• and has lowered the finance cost. The overall reduction in income has constrained PBT, which has been offset at PAT level mainly due to lower income tax amount. The net tax payable for FY2021 is reduced mainly owing to reduction in overall reduction in income. • None of the Bank Guarantees submitted by the Company has ever been invoked by any Principal/Client

STANDALONE FINANCIAL HIGHLIGHTS

	Q4-FY2021 Income Statement –	Standalone (IND-AS)
Particulars (INR Mn)	Q4-FY2021	Q4-FY2020	Y-o-Y	Q3-FY2021	Q-o-Q
Incomefrom Operations	370	848	(56.4)%	341	8.5%
Operating Expenses	280	799	(65.0)%	301	(7.0)%
EBITDA	90	49	83.7%	40	125.0%
EBITDA Margin (%)	24.32%	5.78%	NA	11.73%	NA
Finance Cost	40	46	(13.0)%	42	(4.8)%
Depreciation	5	5	NA	5	NA
Other Income	14	40	(65.0)%	37	(62.2)%
Profit Before Tax	59	38	55.3%	30	96.7%
Taxation	16	10	60.0%	11	45.5%
Profit After Tax	43	28	53.6%	19	126.3%
PAT Margin (%)	11.20%	3.15%	805 Bps	5.03%	617 Bps
Other ComprehensiveIncome	1	(1)	NA	-	NA
Total ComprehensiveIncome	44	27	63.0%	19	NA
Diluted EPS (INR) (Not Annualized)	0.11	0.07	57.1%	0.05	NA

Particulars (INR Mn)	FY2021	FY2020	Y-o-Y
Incomefrom Operations	1,011	2,510	(59.7)%
Operating Expenses	920	2,223	(58.6)%
EBITDA	91	287	(68.3)%
EBITDA Margin (%)	9.00%	11.43%	(243) Bps
Finance Cost	161	169	(4.7)%
Depreciation	18	17	5.9%
Other Income	100	123	(18.7)%
Profit Before Tax	12	224	(94.6)%
Taxation	7	48	(85.4)%
Profit After Tax	5	176	(97.2)%
PAT Margin (%)	0.45%	6.68%	(623) Bps
Other ComprehensiveIncome	1	-	NA
Total ComprehensiveIncome	6	176	(96.6)%
Diluted EPS (INR) (Not Annualized)	0.01	0.44	(97.7)%

Balance Sheet –	Standalone (IND-AS)
Equities & Liabilities (INR Mn)	FY2020	FY2021	Assets(INR Mn)	FY2020	FY2021
Shareholder Funds	1,433	1,439	Non Current Assets	1,313	1,532
(A) Equity Share Capital	394	394	(A) Property, Plant and Equipment	68	56
(B) OtherEquity	1,039	1,045	(B) Investment Properties	238	326
Non-current Liabilities	1,131	1,250	(C) Financialassets
(A) Financial Liabilities			(i) Investment	154	179
(i) Borrowings	999	1,156	(ii) Loans	797	898
(ii) Trade payable	36	-	(iii) Other financial Assets	47	21
(iii) Other Financial Liabilities	2	9	(D) Other Tax Assets	9	13
(B) Provisions	10	9	(E) OtherNon Financial Assets(F) Intangible assets	--	39
(C) Deferred Tax Liabilities (net)	84	76	Current Assets	2,168	-2,121
Current Liabilities	917	964	(A)Inventories	352	289
(A) Financial Liabilities			(B) Financialassets
(i) Borrowings	98	105	(i) Trade Receivables	683	650
(ii) Trade payable	427	484	(ii) Cash & cash equivalents	7	131
(iii) Other Financial Liabilities	106	207	(iii) Bank Balances other thanabove	56	58
(B) Other Current Liabilities	278	159	(iv) Loans	12	2
(C) Provisions	8	9	(v) Other Financial Assets	30	1
(D) Current Tax Liabilities (Net)	-	-	(C) Other Current Assets	1,028	990
GRAND TOTAL -EQUITIES & LIABILITES	3,481	3,653	GRAND TOTAL –ASSETS	3,481	3,653

CONSOLIDATED FINANCIAL HIGHLIGHTS

Particulars (INR Mn)	Q4-FY2021	Q4-FY2020	Y-o-Y	Q3-FY2021	Q-o-Q
Incomefrom Operations	372	821	(54.7)%	296	25.7%
Operating Expenses	280	769	(63.6)%	253	10.7%
EBITDA	92	52	76.9%	43	114.0%
EBITDA Margin (%)	24.73%	6.33%	NA	14.53%	NA
Finance Cost	40	46	(13.0)%	42	(4.8)%
Depreciation	5	5	NA	5	NA
Other Income	14	40	(65.0)%	32	(56.3)%
Share in profitof joint venture and associate	1	(11)	NA	(4)	NA
Profit Before Tax	62	30	106.7%	24	158.3%
Taxation	16	10	60.0%	8	100.0%
Profit After Tax	46	20	130.0%	16	187.5%
PAT Margin (%)	11.92%	2.32%	960 Bps	4.88%	704 Bps
Other ComprehensiveIncome	1	-	NA	-	NA
Total ComprehensiveIncome	47	19	NA	16	NA
Diluted EPS (INR) (Not Annualized)	0.12	0.05	NA	0.04	NA

Particulars (INR Mn)	FY2021	FY2020	Y-o-Y
Incomefrom Operations	969	2,435	(60.2)%
Operating Expenses	871	2,150	(59.5)%
EBITDA	98	285	(65.6)%
EBITDA Margin (%)	10.11%	11.70%	(159)Bps
Finance Cost	161	169	(4.7)%
Depreciation	18	17	5.9%
Other Income	91	116	(21.6)%
Share in profit of joint venture and associate	(12)	(2)	NA
Profit Before Tax	(2)	213	NA
Taxation	4	48	(91.7)%
Profit After Tax	(6)	165	NA
PAT Margin (%)	NA	6.47%	NA
Other ComprehensiveIncome	1	-	NA
Total ComprehensiveIncome	(5)	165	NA
Diluted EPS (INR) (Not Annualized)	(0.02)	0.41	NA

Balance Sheet –	Consolidated (IND-AS)
Equities & Liabilities (INR Mn)	FY2020	FY2021	Assets(INR Mn)	FY2020	FY2021
Shareholder Funds	1,355	1,350	Non Current Assets	1,175	1,314
(A) Equity Share Capital	394	394	(A) Property, Plant and Equipment	68	56
(B) OtherEquity	961	956	(B) Investment Properties	238	326
Non-current Liabilities	1,099	1,215	(C) Financialassets
(A) Financial Liabilities			(i) Investment	61	74
(i) Borrowings	999	1,156	(ii) Loans	748	781
(ii) Trade payable	36	-	(iii) Other financial Assets(D) Other Tax Assets	519	2513
(iii) Other Financial Liabilities	1	9	(E) OtherNon Financial Assets	-	39
(B) Provisions	10	9	(F) Intangible assets	-	-
(C) Deferred Tax Liabilities (net)	53	41	Current Assets	2,273	2,323
Current Liabilities	994	1,072	(A)Inventories	485	472
(A) Financial Liabilities			(B) Financialassets
(i) Borrowings	98	105	(i) Trade Receivables	641	650
(ii) Trade payable	427	484	(ii) Cash & cash equivalents	7	131
(iii) Other Financial Liabilities	106	200	(iii) Bank Balances other thanabove	56	58
(B) Other Current Liabilities	355	274	(iv) Loans	12	2
(C) Provisions	8	9	(v) Other financial assets	30	1
(D) Current Tax Liabilities (Net)	-	-	(C) Other Current Assets	1,042	1,009
GRAND TOTAL -EQUITIES & LIABILITES	3,448	3,637	(D) CurrentTax AssetsGRAND TOTAL –ASSETS	-3,448	-3,637

Capital Market Information
Price Data as on 31stMarch, 2021
CMP	4.43
No. of Shares (Mn)	393.9
M.Cap (INR Mn)	1,744.9
Free Float(%)	38.1
Free Float (Mn)	664.8
52 week H/L	8.26 / 2.44
AvgTotal Vol. ('000)	610.7

Shareholding Pattern as on 31st March, 2021

No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management Nila Infrastructures Limited ("Company" or "Nila Infrastructures Ltd."), which are expressed in good faith and in their opinion reasonable, including those relating to the Company's general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company's business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from. This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner. Valorem Advisors Disclaimer: Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and 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. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review.

For further information please contact our Investor Relations Representatives:

Nila Infrastructures Ltd. (CIN: L45201GJ1990PLC013417)

Mr. Prashant Sarkhedi, CFO Tel: +91-9978445566 Email: phsarkhedi@nilainfra.com

Valorem Advisors Mr. Anuj Sonpal, CEO Tel: +91 22 4903 9500 Email: nilainfra@valoremadvisors.com