Ashiana Housing Limited · NSE:ASHIANA
Ashiana Housing — Q4 FY2019 Earnings Presentation
33 slides from Ashiana Housing's earnings presentation, Mar 31, 2019
Slide 1: Investor Update for the quarter ended 31st March, 2019
Investor Update For the quarter ended 31st March, 2019 BSE: 523716 | NSE: ASHIANA | BLOOMBERG: ASFI:IN| REUTERS: AHFN.N S | WWW.ASHIANAHOUSING.COM © 2018, ASHIANA HOUSING LIMITED. ALL RIGHTS RESERVED.
Slide 2: Safe Harbor
Safe Harbor Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "p
Slide 3: Glossary
Glossary Saleable Area Total saleable area of the entire project corresponding to 100% economic interest of all parties Projects in respect of which (i) all title, development rights or other interest in the land is held either directly by our Company and/or our Subsidiaries and/or other entities in
Slide 4: Contents
Contents 01 Highlights and Overview 02 Ongoing Projects 03 Financials 04 Future Outlook 05 Annexures © Ashiana Housing Limited, All Rights Reserved. 4
Slide 5: Highlights and Overview
Highlights and Overview 01 Highlights 02 Operational Overview 03 Financial Overview 04 Quarterly Performance 05 Cash Flow Position © Ashiana Housing Limited, All Rights Reserved. 5
Slide 6: Quarterly Highlights
Quarterly Highlights ▪ Improvement in booking continued at 2.83 Lakhs Sq. ft.(Q4FY19). Sales in Q3 FY19 was at 2.55 Lakhs Sq. ft. Sales were at 2.21 Lakhs Sq. ft. In Q4FY18. ▪ Area constructed higher at 2.46 Lakhs Sq. ft. (Q4FY19) vs 1.62 Lakhs Sq. ft. (Q3FY19). Area Constructed was 1.87 Lakhs Sq. F
Slide 7: Annual Highlights
Annual Highlights ▪ Improvement in booking continued at 10.79 Lakhs Sq. ft.(FY19) vs. 6.93 Lakhs Sq. ft. (FY18) an increase of 56% year on year ▪ Area constructed lower at 7.68 Lakhs Sq. ft. (FY19) vs 8.16 Lakhs Sq. ft. (FY18). Construction in line with our commitments ▪ Pre-tax operating cash flows
Slide 8: Quarterly Operational Overview
Quarterly Operational Overview 3.00 2.83 2.46 2.55 ▪ Area booked increased by 11% compared to 2.50 2.21 previous quarter and increased by 28% 2.00 1.87 In Lakhs Sq. ft. 1.62 compared to corresponding quarter of 1.50 Q4 FY18 previous year. Q3 FY19 1.00 Q4 FY19 ▪ Area Constructed increased by 52% comp
Slide 9: Quarterly Operational Overview
Quarterly Operational Overview 120.0 107 100.0 ▪ Pre-Operating Cash Flows of the company positive at INR 10 Crores for Q4FY19 vs 80.0 71 67 positive at INR 4 Crores for Q3FY19 60.0 Q4 FY18 Q3 FY19 40.0 Q4 FY19 20.0 14 10 -2 4 3 -8 0.0 Pre-Tax Operating Profit/(Loss) After Sales and Other Cash Flow T
Slide 10: Quarter wise Performance
Quarter wise Performance INR Crores Lakhs Sq. ft. Lakhs Sq. ft. Lakhs Sq. ft. Particulars Area Delivered & Recognized Value of Area Booked Area Booked Equivalent Area Constructed* for Revenue AHL 231.21 7.19 5.31 9.44 FY 19 Partnership 101.41 3.60 2.37 2.34 Total 332.62 10.79 7.68 11.78 AHL 64.05 1.
Slide 11: Quarterly Sales Trend
Quarterly Sales Trend Project Location FY17 Q4 FY18 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 FY19 Q2 FY19 Q3 FY19 Q4 AHL Aangan Neemrana - - - - (1,150) - - - - Anmol Gurgaon 7,745 3,585 9,370 3,825 12,845 15,600 22,950 10,260 14,660 Tarang Bhiwadi 5,590 2,768 2,502 2,536 1,384 (2,519) 25,705 10,035 Town
Slide 12: Project wise Cash Flow Position in Ongoing Projects
Project wise Cash Flow Position in Ongoing Projects Sale Value of Amount Equivalent Area Saleable Area Area Booked Location Project Phases Area Booked Received Constructed (Lakhs Sq. ft.) (Lakhs Sq. ft.) (INR Crores) (INR Crores) (Lakhs Sq. ft.)* Ashiana Housing Limited Bhiwadi Nirmay 2 1.18 0.58 18
Slide 13: Cash Flow Position in Ongoing Projects
Cash Flow Position in Ongoing Projects Sale Value of Amount Equivalent Area Entity Saleable Area Area Booked Area Booked Received Constructed * (Lakhs Sq. ft.) (Lakhs Sq. ft.) (INR Crores) (INR Crores) (Lakhs Sq. ft.) Ashiana Housing Limited 11.97 5.82 221.75 138.38 7.53 Partnership 4.48 3.13 82.76
Slide 14: Ongoing Projects
Ongoing Projects 01 Geographical Presence 02 Ongoing Projects Summary 03 Break up of Area Booked Operational data-Yearly 04 -Quarterly © Ashiana Housing Limited, All Rights Reserved. 14
Slide 15: Geographical Presence
Geographical Presence Saleable Area of Ongoing Projects Bhiwadi 7% Pune 4% Chennai 20% Jaipur 43% Gujarat 1% Gurgaon 25% © Ashiana Housing Limited, All Rights Reserved. 15
Slide 16: Ongoing Projects Summary
Ongoing Projects Summary Saleable Area Area Booked Expected Location Project Phase Economic Interest Project Type Lakhs Sq. ft. Lakhs Sq. ft. Completion Time Bhiwadi Nirmay 2 100% Senior Living 1.18 0.58 Q1FY22 Chennai Shubham 2 73.75% of Revenue Share Senior Living 1.47 1.03 Q4FY21 Senior Living Ch
Slide 17: Break Up of Area Booked (QoQ)
Break Up of Area Booked (QoQ) Q4 FY19 Q3 FY19 Pune Jodhpur Jodhpur 3% 6% 5% Bhiwadi 22% Bhiwadi 37% Chennai 6% Jaipur 42% Gurgaon 5% Jaipur Chennai 59% Gurgaon Gujarat 9% 4% 2% Q1 FY19 Q2 FY19 Pune Jodhpur Jodhpur 3% Bhiwadi 5% 5% 16% Bhiwadi 22% Chennai 7% Chennai 6% Gurgaon 9% Jaipur Gurgaon Jaipu
Slide 18: Yearly Operational Data
Yearly Operational Data Particulars Unit FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 Equivalent Area Lakhs Sq. ft. 17.87 22.80 23.44 17.39 8.16 7.68 Constructed* Area Booked Lakhs Sq. ft. 22.13 18.12 8.63 6.96 6.93 10.79 Value of Area Booked INR Lakhs 64,756 54,772 28,421 22,508 21,736 33,262 Average Realiz
Slide 19: Quarterly Operational Data
Quarterly Operational Data Particulars Unit Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Equivalent Area Lakhs Sq. ft. 1.87 2.02 1.87 1.63 1.97 1.62 2.46 Constructed* Area Booked Lakhs Sq. ft. 1.57 1.64 2.21 2.80 2.62 2.55 2.83 Value of Area Booked INR Lakhs 4,599 5,160 7,105 8,711 7,942
Slide 20: Financials
Financials 01 Financial Summary YoY 02 Financial Summary QoQ © Ashiana Housing Limited, All Rights Reserved. 20
Slide 21: Financial Summary YoY (Consolidated)
Financial Summary YoY (Consolidated) Particulars Unit FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 Sales & Other Income INR Crores 161.42 122.80 164.44 542.67 397.02 334.92 350.63 Operating Expenditure INR Crores 113.75 90.91 105.42 385.47 291.00 266.92 303.37 EBITDA INR Crores 47.67 31.89 59.02 157.20
Slide 22: Financial Summary QoQ (Consolidated)
Financial Summary QoQ (Consolidated) Particulars Unit Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 INR Sales & Other Income 77.66 116.01 34.21 107.04 141.55 71.39 70.88 66.81 Crores INR Operating Expenditure 67.82 78.27 35.18 85.65 111.08 63.10 59.96 69.24 Crores INR EBITDA 9.84 37.74 (0.
Slide 23: Future Outlook
Future Outlook 01 Future Projects Summary Land available for Future 02 Development Completed Projects having 03 Inventory © Ashiana Housing Limited, All Rights Reserved. 23
Slide 24: Future Projects Summary
Future Projects Summary Saleable Area Location Project Phase Economic Interest (Lakhs Sq. ft.) Bhiwadi Tarang 2,3 & 4 100% 9.32 Bhiwadi Gamma 1 100% 18.45 Bhiwadi Nirmay 3,4 & 5 100% 4.77 Jaipur Gulmohar Gardens 4 50% of Profit Share 0.74 Jaipur Gulmohar Gardens Villas 1 50% of Profit Share 1.48 Jai
Slide 25: Land available for Future Development
Land available for Future Development Estimated Land Estimated Saleable Location Land Proposed Development Area (Acres) Area (Lakhs Sq. ft) Bhiwadi Milakpur Land 40.63 31.00 Comfort Homes/ Senior Living Jaipur Amantran 8.84 9.00 Comfort Homes/ Senior Living Jaipur Daksh 6.67 6.15 Comfort Homes Jaipu
Slide 26: Completed Projects having Inventory
Completed Projects having Inventory Total Area Booked Booked Area Unbooked Saleable and Area Recognised for Area Location Project Phase Share in Project Type Area Unrecognised (Lakhs Revenue (Lakhs Sq. (Lakhs Sq. for Revenue Sq. ft.) (Lakhs Sq. ft.) ft.) ft.) (Lakhs Sq. ft.) Bhiwadi Nirmay 1 100% Se
Slide 27: Shareholding Pattern as on 31st March, 2019
Shareholding Pattern as on 31st March, 2019 Shareholding Pattern Institutional Holding above 1% No. of % Rank Fund / Institution Shares Holding Others 30% ICICI Prudential Equity 1 51,09,790 4.99% & Debt Fund 2 SBI Small Cap Fund 20,62,022 2.01% 2% 61% FII & FPI 7% MF & Promoter & Financial Promoter
Slide 28: Queries Contact
For Any investorrelations@ashianahousing.com Queries, Contact +91 11 4265 4265 Regd. Office: 11G Everest, 46/C, Chowringhee Road, Kolkata - 700 071. West Bengal, India. Ph: 033-4037860 Head Office: 304, Southern Park, Saket District Centre, Saket, New Delhi – 110017 Ph : 011-4265 4265 © 2018 Ashiana
Slide 29: Annexure
Annexure 01 About Ashiana 02 Business Model 03 Accolades 04 Abbreviations © Ashiana Housing Limited, All Rights Reserved. 29
Slide 30: About Ashiana
About Ashiana Incorporation / ▪ 1979 in Patna, New Delhi Headquarters Industry ▪ Real Estate with focus on residential apartments Business ▪ Comfort Homes & Senior Living Segments Areas of ▪ Jaipur, Bhiwadi, Jodhpur, Jamshedpur, Neemrana, South Operation of Gurgaon (Sohna), Lavasa, Halol, Chennai an
Slide 31: Business Model
Business Model ▪ In house end-to-end construction capabilities – Ensure higher control over cost and quality High quality in-house and flexibility in execution construction ▪ Focus on use of high quality and efficient construction methodologies & techniques to help reduce time and cost ▪ Instead of
Slide 32: Accolades
Accolades © Ashiana Housing Limited, All Rights Reserved. * The above rank has been given by Track2Reality 32
Slide 33: Abbreviations
Abbreviations ▪ Sq. ft.: Square Feet ▪ EAC: Equivalent Area Constructed ▪ PAT : Profit after Tax © Ashiana Housing Limited, All Rights Reserved. 33