Ashiana Housing Limited · NSE:ASHIANA
Ashiana Housing — Q2 FY2019 Earnings Presentation
33 slides from Ashiana Housing's earnings presentation, November 2018
Slide 1: Investor Update for the quarter ended 30th September, 2018
Investor Update For the quarter ended 30th September, 2018 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: Highlights
Highlights ▪ Improvement in booking continued at 2.62 Lakhs Sq. ft.(Q2 FY19) and sales 2.80 Lakhs Sq. ft. (Q1 FY19). Sales were at 1.57 Lakhs Sq. ft. (Q2FY18). ▪ Area constructed higher at 1.97 Lakhs Sq. ft. (Q2 FY19) vs 1.63 Lakhs Sq. ft. (Q1 FY19). Area Constructed was 1.87 Lakhs Sq. Ft. (Q2 FY18)
Slide 7: Quarterly Operational Overview
Quarterly Operational Overview Q2 FY18 Q1 FY19 Q2 FY19 3.00 2.80 2.62 ▪ Area booked decreased by 7% compared to 2.50 previous quarter and increased by 67% 1.97 2.00 1.87 compared to corresponding quarter of In Lakhs Sq. ft. 1.63 1.57 1.50 previous year. 1.00 ▪ Area Constructed increased by 21% compa
Slide 8: Quarterly Operational Overview
Quarterly Operational Overview 160 Q2 FY18 Q1 FY19 Q2 FY19 142 140 120 116 100 ▪ Pre-Operating Cash Flows of the company positive at INR 4.5 Crores 80 71 60 40 23 20 17 5 2 -24 -2.00 0 Pre-Tax Operating Profit/(Loss) After Sales and Other -20 Cash Flow Tax Income -40 Note : * Equivalent Area Constru
Slide 9: Quarter wise Performance
Quarter wise Performance (INR Crores) (Lakhs Sq. ft. ) (Lakhs Sq. ft.) (Lakhs Sq. ft.) Particular Value of Area Booked Area Booked Equivalent Area Area Delivered & Recognized for Constructed* Revenue AHL 60.53 1.97 1.51 1.95 FY19 Quarter 2 Partnership 18.88 0.65 0.46 0.16 Total 79.42 2.62 1.97 2.11
Slide 10: Quarterly Sales Trend
Quarterly Sales Trend Project Location FY17 Q3 FY17 Q4 FY18 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 FY19 Q2 AHL Aangan Neemrana Neemrana -1,450 (1,150) Anantara Jamshedpur 11,940 Anmol Gurgaon 7,745 7,745 3,585 9,370 3,825 12,845 15,600 22,950 Tarang Bhiwadi 3,886 5,590 2,768 2,502 2,536 1,384 (2,519) As
Slide 11: ProjectWise Cash Flow Position in Ongoing Projects
ProjectWise 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 1.17 0.32 10.3
Slide 12: 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 11.27 4.60 173.36 107.39 6.69 Partnership 6.30 3.66 98.54
Slide 13: 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. 13
Slide 14: Geographical Presence
Geographical Presence Saleable Area of Ongoing Projects Bhiwadi, 7% Chennai, 8% Gujarat, 1% Jaipur , 50% Gurgaon, 24% Jodhpur, 6% Pune , 4% ▪ Target market is middle income group in towns and cities with population of more than 10 lakhs and in upcoming industrial areas ▪ People over 55 years of age
Slide 15: 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 1.17 0.21 Q1FY22 Chennai Shubham 2 73.75% of Revenue Share Senior Living 1.47 0.48 Q4FY21 Gujarat Navrang
Slide 16: Break Up of Area Booked (QoQ)
Break Up of Area Booked (QoQ) Q2 FY19 Q1 FY19 Jodhpur Pune Bhiwadi 5% Jodhpur 3% 16% 5% Bhiwadi Chennai 22% 7% Chennai Gurgaon 6% 9% Jaipur Jaipur Gurgaon 63% 59% 5% Pune 4% Q3 FY18 Q4 FY18 Pune Jodhpur Jodhpur 4% 9% Bhiwadi 3% 24% Bhiwadi Jaipur 32% Jaipur 30% 45% Chennai 13% Gujarat Chennai Gurgao
Slide 17: Yearly Operational Data
Yearly Operational Data Particulars Unit FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 Equivalent Area Lakhs Sq. ft. 12.27 17.87 22.80 23.44 17.39 8.16 Constructed* Area Booked Lakhs Sq. ft. 18.65 22.13 18.12 8.63 6.96 6.93 Value of Area Booked INR Lakhs 50,335 64,756 54,772 28,421 22,508 21,736 Average Reali
Slide 18: Quarterly Operational Data
Quarterly Operational Data Particulars Unit Q4 FY17 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Equivalent Area Lakhs Sq. ft. 4.38 2.40 1.87 2.02 1.87 1.63 1.97 Constructed* Area Booked Lakhs Sq. ft. 1.05 1.51 1.57 1.64 2.21 2.80 2.62 Value of Area Booked INR Lakhs 3,251 4,872 4,599 5,160 7,105
Slide 19: Financials
Financials 01 Financial Summary YoY 02 Financial Summary QoQ © Ashiana Housing Limited, All Rights Reserved. 19
Slide 20: Financial Summary YoY (Consolidated)
Financial Summary YoY (Consolidated) Particulars Unit FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 Sales & Other Income INR Crores 248.98 161.42 122.80 164.44 542.67 397.02 334.92 Operating Expenditure INR Crores 159.30 113.75 90.91 105.42 385.47 291.00 266.92 EBITDA INR Crores 89.67 47.67 31.89 59.02
Slide 21: Financial Summary QoQ (Consolidated)
Financial Summary QoQ (Consolidated) Particulars Unit Q3FY17 Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 INR Sales & Other Income 54.12 193.98 77.66 116.01 34.21 107.04 141.55 71.39 Crores INR Operating Expenditure 34.54 141.06 67.82 78.27 35.18 85.65 111.08 63.10 Crores INR EBITDA 19.58 53.81
Slide 22: 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. 22
Slide 23: 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 Ashiana Gamma 1 100% 18.45 Bhiwadi Nirmay 3,4 & 5 100% 4.77 Jaipur Gulmohar Gardens 4 50% of Profit Share 0.74 Jaipur Vrinda Gardens 4&5 50% of Profit Share 4.81 Gu
Slide 24: 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 Ashiana Amantran 8.84 9.00 Comfort Homes/ Senior Living Jaipur Ashiana Daksh 6.67 6.15 Com
Slide 25: 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 26: Shareholding Pattern as on 30th September, 2018
Shareholding Pattern as on 30th September, 2018 Shareholding Pattern Institutional Holding above 1% No. of % Rank Fund / Institution Shares Holding Others 30% ICICI Prudential Equity 1 50,59,790 4.94% & Debt Fund 2 SBI Small Cap Fund 20,28,022 1.98% 2% 61% FII & FPI 7% MF & Promoter & Financial Prom
Slide 27: Contact: investorrelations@ashianahousing.com
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 28: Annexure
Annexure 01 About Ashiana 02 Business Model 03 Accolades 04 Abbreviations © Ashiana Housing Limited, All Rights Reserved. 28
Slide 29: 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 and
Slide 30: 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 31: Accolades
Accolades © Ashiana Housing Limited, All Rights Reserved. * The above rank has been given by Track2Reality 31
Slide 32: Abbreviations
Abbreviations ▪ Sq. ft.: Square Feet ▪ EAC: Equivalent Area Constructed ▪ PAT : Profit after Tax © Ashiana Housing Limited, All Rights Reserved. 32
Slide 33: Way Forward
Way Forward New Launches Kids Centric Best Sales Team © Ashiana Housing Limited, All Rights Reserved. 33