Ansal Properties & Infrastructure Ltd. · NSE:ANSALAPI
Ansal Properties & Infrastructure — FY2012 Earnings Presentation
20 slides from Ansal Properties & Infrastructure's earnings presentation, May 26, 2012
Slide 1: Investors' Update – 4Q & FY12
Ansal Properties & Infrastructure Ltd. Investors’ Update – 4Q & FY12 May 26, 2012
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Ansal Properties & Infrastructure Ltd (the “Company”) solely for your information and for your use and may not be taken away, reproduced, redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organiza
Slide 3: Synopsis
Synopsis Operational Metrics 50% % Change Particulars UOM 4QFY12 4QFY11 FY12 FY11 40% 37% Area Sold mn.sq.ft. 6.34 6.62 22.70 22.43 30% 28% Sale Value INR Mn 7,551 6,788 27,037 23,926 20% 16% Collections INR Mn 6,360 4,650 19,569 15,265 11% 13% 12% 10% Realizations INR/Sq.Ft. 1,191 1,025 1,191 1,067
Slide 4: Major Developments Business Operations
Major Developments Business Operations • Release of ~14.70mn Equity Shares of the company pledged by “promoters” with one of the financial institutions - Reduction in the pledged equity shares by 20.13% to 77.61% from 97.74% equity shares pledged (as on September 30, 2011) • Bharti-Wal-Mart signed t
Slide 5: New Launches FY12
New Launches FY 12 Business Operations Area Released Saleable Area Area Sold Sale Value S.No. Project Name Location Type for Sale (mn.sq.ft.) (mn.sq.ft.) (INR Mn) (mn.sq.ft.) 1 Golf Gateway Towers Lucknow GHS 0.25 0.25 0.03 89 Sushant Jeevan 2 Lucknow GHS 0.48 0.48 0.37 756 Enclave Plots 4.68 4.68 4
Slide 6: Operational Performance
Operational Performance Business Operations Sales Trend Collection Trend 10,500 8.53 9 8 6,600 6,360 9,939 9,000 6.62 6.34 7 6,000 7,500 6 5,400 7,551 INR Mn 5.19 INR Mn mn.sq.ft. 4,650 4,627 6,789 6,000 5 6,051 4,800 4 4,012 4,500 2.64 4,200 4,570 3 3,496 3,000 3,600 2 1,500 1 3,000 4QFY11 1QFY12 2
Slide 7: Saleability
Saleability Business Operations State-Wise (mn.sq.ft.) State-Wise (INR Mn) 14,625 14.86 16.00 13.19 16,100 11,114 10,540 14.00 14,100 9,834 12.00 12,100 mn.sq.ft. 10,100 INR Mn 7.40 10.00 7.06 5,524 5.63 8.00 8,100 5.31 3,690 6.00 6,100 1,860 1,541 1,018 4.00 4,100 1.32 0.98 0.98 0.89 0.86 731 717 0
Slide 8: Realizations – Trending Up
Realizations – Trending Up Business Operations Average Realization Asset Class-Wise Realization 1,400 1,326 3,104 3,600 2,920 1,300 2,698 1,186 1,191 3,100 2,417 1,200 Rs./Sq.Ft. 1,165 INR/Sq.Ft. 2,600 1,100 1,025 1,881 1,866 2,100 1,000 900 1,600 770 823 800 1,100 529 450 700 600 600 100 Q4FY11 Q1F
Slide 9: Saleability & Collections
Saleability & Collections* Business Operations Due to exhaustion of Cumulative Sales area from completed & Cumulative Collections ongoing projects Due to exhaustion 50 of area from 80 100 completed & 90 ongoing projects 70 45 85 40 72 60 76 INR Bn 67 70 mn.sq.ft. 36 INR Bn 50 30 54 63 30 52 40 55 20
Slide 10: Indicative New Launches–FY13
Indicative New Launches–FY13 Business Operations Saleable Area Launch Price S.No. Project Type (mn.sq.ft.) (INR/ sq.ft.)* 1 Sushant Golf City, Lucknow - Phase I GHS-Golf 2.00 3,200-3,500 2 Sushant Golf City, Lucknow - Phase I Villas-Golf 2.22 6,000 3 Sushant Golf City, Lucknow - Phase I Retail Mall
Slide 11: Major Ongoing Projects - Updates
Major Ongoing Projects - Updates Business Operations Project Saleable Area Released Cash Pending Area Sold Sale Value Size Area for Sale Received Collections S.No. Project Name Acres Mn.Sq.Ft. Mn.Sq.Ft. Mn.Sq.Ft. INR Mn INR Mn INR Mn Sushant Golf City Phase 1 1,765 58.01 46.77 28.89 20,871 9,336 11,
Slide 12: Land Reserves
Land Reserves Land Resources All Figures in Acres Net Land Bank / Addition in Land Land Net Land As of 31st Land Exhausted till S.No. Particulars Reserves as on Bank/Reserves Exhausted Bank/Reserves (As on Mar. 2011 31st Mar. 2011* 31st Mar. 2011 (during FY12) FY12* Mar 31, 2012) Acquired or agreed
Slide 13: Land Reserves (Contd..)
Land Reserves (Contd..) Land Resources Particulars As on Mn.Sq.Ft. As on Mn.Sq.Ft. As on Mn.Sq.Ft. Saleable Area 01-Apr-10 313 01-Apr-11 270 31-Dec-11 302 Less: Adjustment for revision in areas 2 - 0.4 Balance 311 270 302 Add: New Land Reserves 2 41 0.1 Balance 313 310 302 FY11 9MFY12 Q4 FY 12 Less:
Slide 14: Northern India Presence
Northern India Presence Land Resources Punjab NCR Land Reserves (in acres) 528 Land Reserves (in acres) 3,983 % area acquired 59% % area acquired 100% Haryana Land Reserves (in acres) 676 % area acquired 100% Uttar Pradesh Rajasthan Land Reserves (in acres) 4,008 Land Reserves (in acres) 503 % area
Slide 15: Delivery
Delivery Land Resources mn.sq.ft. S.No. Asset Class Till FY11 Till FY12 1 Plots 28.20 32.63 2 Low-Rise Built-Ups 1.80 2.37 3 GHS 1.90 2.21 4 Commercial 0.50 0.91 5 FSI 8.50 11.01 Total 40.90 49.13 13.00 Delivery Trend FSI 11.17 10.94 22% 11.00 Commercial 2% Plots 8.23 mn.sq.ft. 9.00 7.04 66% 7.00 GH
Slide 16: Consolidated Profit & Loss Account
Consolidated Profit & Loss Account Financials INR Million Particulars 4QFY12 4QFY11 FY12 FY11 Net Sales 2,651 3,275 10,649 12,366 Other Operating Income 601 73 952 316 Total Expenditure 3,304 2,893 10,513 10,114 Cost of Sales 2,708 2,402 8,194 8,252 Gross Profit 544 946 3,407 4,430 Margin (%) 17% 28
Slide 17: Reasons: Decline in Profitability
Reasons: Decline in Profitability Financials • Upward Revision in the budgeted cost across various projects to account for higher inflation resulting in collapse in EBITDA margins and lower revenue recognition. - Impact of Auditor’s qualification as per Limited Review Report for 2QFY12 which states
Slide 18: Consolidated Debt Position
Financials Consolidated Debt Position Debt Profile Particulars (INR Million) FY12 FY11 Public Intrest Others Infrastructure Deposit Accrued 1% Gross Debt (As on March 31, 2012) 14,630 16,099 7% 1% Loan CC/OD Less: CCDs issued against PE 8% 9% 955 245 CCD Investments 6% Debt excluding CCDs 13,675 15,
Slide 19: Guidance
Guidance FY13 Achieved – % Achieved of Particulars UOM FY12 E FY13E FY12 the Estimated Sales/Bookings mn.sq.ft. 21 22.7 108% Operational Average Realization INR/Sq.Ft. 1,150-1,200 1,191 99% Customer Collections INR Mn 18,000 19,569 109% To be released by Delivery mn.sq.ft. 7-8 8.32 104% end of June’
Slide 20: Thank You
Thank You Dinesh C. Gupta Investor Relations Floor 1, 115, Ansal Bhawan, 16, K.G.Marg, New Delhi - 110001 India Work: +91 120 4293945 / +91 11 66038334 Facsimile: +91 11 66302873 Email: ir@ansalapi.com Website: www.ansalapi.com
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