Arihant Superstructures Limited · NSE:ARIHANTSUP

Arihant Superstructures — Q3 FY2022 Earnings Presentation

51 slides from Arihant Superstructures's earnings presentation, Jan 25, 2022

  1. Slide 1: Arihant Superstructures Ltd. - Continuing Stability

    ARIHNT SUPERSTRUCTURES LTD. CONTI NUI NG STABI LI TY CONTI NUI NG STABI LI TY 25 January, 2022 Corporate Relations Department Listing Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Plot No. C/1,G Block, Mumbai - 400

  2. Slide 2: Investor Presentation Q3 - FY 2022

    INVESTOR PRESENTATION Q3 – FY 2022

  3. Slide 3: Disclaimer

    DISCLAIMER This presentation has been prepared by Arihant Superstructures Limited (the “Company” or “ASL”) together with its Subsidiaries (collectively, the “Arihant Group”) for general information purposes only, without regard to any specific objectives, suitability, financial situations and needs

  4. Slide 4: CMD's Message

    CMD’S MESSAGE “Our endurance, our confidence in our abilities and our employees, the trust of our vendors, business associates and customers has stood in good stead in the recent times as we stand at the threshold of the next big thrust for the Real Estate Sector. In terms of our performance, It’s b

  5. Slide 5: Company Overview

    COMPANY OVERVIEW To nurture the best talent and be a “Built to Last” VISION company To construct the most efficient spaces for our customers MISSION while leaving the least ecological foot-print To share wealth with all the stake holders and POLICY contribute to the well-being of society at large 4

  6. Slide 6: Overview

    OVERVIEW Diversified Portfolio Affordable Housing Presence across Over 96% of portfolio in Mumbai Metropolitan Region affordable and mid-income housing (MMR) and Jodhpur Ongoing & upcoming Operationally Efficient projects In-house design, engineering & ~11.9 Million Sq. Ft. across 16 project impleme

  7. Slide 7: Key Highlights for Q3-FY22

    KEY HIGHLIGHTS FOR Q3-FY22 6

  8. Slide 8: Operational Highlights

    OPERATIONAL HIGHLIGHTS Construction work commenced for affordable housing project Amisha Phase 2 at Taloja, Navi and Arihant 5 Anaika at Taloja. Sales bookings of 415 units aggregating 3.66 Lakh Sq. Ft. with booking value of 185.1 Cr. in Q3 FY22(1) owing to continued sales momentum. Sales booking fo

  9. Slide 9: Quarterly Results - Q3 FY22

    QUARTERLY RESULTS – Q3 FY22 Particulars (INR Cr) Q3 FY22 Q3 FY21 % change Q2 FY22 % change Total Revenue 88.67 73.57 20.5% 88.26 0.5% Total Operating Expenses 70.20 58.74 68.08 EBITDA 18.47 14.83 24.5% 20.18 (8.5)% Interest 5.26 6.06 5.16 Depreciation 0.43 0.51 0.43 PBT 12.78 8.26 54.7% 14.59 (12.4)

  10. Slide 10: 9M-FY22 Highlights

    9M-FY22 HIGHLIGHTS Units Sold (No.) Area Sold (Lakh Sft) Value of Sales (INR Cr) 10.0 519.9 1,166 8.7 934 400.3 710 6.3 264.8 FY20 FY21 9M FY22 FY20 FY21 9M FY22 FY20 FY21 9M FY22 Total Revenue (INR Cr) EBITDA (INR Cr) PAT (INR Cr) 31.5 272.3 54.0 261.7 50.2 15.7 47.6 11.1 237.6 FY20 FY21 9M FY22 FY

  11. Slide 11: Consolidated Net Debt - 31st Dec 2021

    CONSOLIDATED NET DEBT – 31ST DEC 2021 Debt attributable as Entity Debt Entity % holding per % holding (INR Cr) (INR Cr) ASL 6.30 100% 6.30 Arihant Vatika 0.17 60% 0.10 Effective debt of ASL is worked out based on ASL’s shareholding in subsidiaries Arihant Aashiyana 44.07 60% 26.44 Arihant Abode 251.

  12. Slide 12: Company Overview

    COMPANY OVERVIEW 11

  13. Slide 13: Geographical Spread - MMR & Jodhpur

    GEOGRAPHICAL SPREAD – MMR & JODHPUR 13 Projects 3 Projects (MMR) (Jodhpur) Kalyan-Shil Badlapur Jodhpur Kharghar Mumbai Taloja Vashi Panvel Dali Bai Circle Karjat Pal Gangana Road Khopoli 12

  14. Slide 14: Portfolio Mix

    PORTFOLIO MIX Category-wise portfolio mix High Income Group (> INR 10,000/Sq. Ft.) 3.54% Diversified portfolio mix with focus on affordable and mid income housing Affordable (< INR 5,000/Sq. Ft.) 61.18% Mid Income Group (INR 5,000- 10,000/Sq. Ft.) Area-wise Portfolio Mix 35.28% Jodhpur 21.72% Khargh

  15. Slide 15: Ongoing Projects

    ONGOING PROJECTS Project Location No. of units Area (Sq. Ft.) Category 4Anaika Taloja 396 2,69,672 Affordable Aarohi Ph 2 Kalyan-Shil 51 72,381 Mid-Income Aloki Ph 2 to 6 Karjat 544 3,48,772 Affordable Aalishan Ph 1 & 2 Kharghar 811 10,01,147 Mid-Income Aspire Ph 1 Panvel 658 7,41,638 Mid-Income Anm

  16. Slide 16: Forthcoming Projects

    FORTHCOMING PROJECTS Project Location Est. Area (Sq. Ft.) Category Amisha Taloja 2,20,514 Affordable Arshiya Khopoli 8,56,669 Affordable Aspire Panvel 23,84,705 Mid-Income Akarshan Taloja 13,75,505 Affordable Anchal Jodhpur 17,38,800 Affordable Adita Jodhpur 1,30,730 Affordable Ashray Jodhpur 91,653

  17. Slide 17: Land Reserves

    LAND RESERVES Location Area (Sq.Mtr.) Est. Area (Sq. Ft.)* Panvel 52,237 10,40,000 *Management estimates subject to plan approvals from regulatory authorities 16

  18. Slide 18: Select Project Elevations

    SELECT PROJECT ELEVATIONS Arihant Advika, Vashi Arihant Aspire, Panvel Arihant Anaika, Taloja Arihant Aalishan, Kharghar * Images are Artist’s impressions and for representational purposes only 17

  19. Slide 19: Select Project Elevations

    SELECT PROJECT ELEVATIONS Arihant Aloki, Karjat Arihant Adita, Jodhpur Arihant Arshiya, Khopoli Arihant Ayati, Jodhpur * Images are Artist’s impressions and for representational purposes only 18

  20. Slide 20: Board of Directors

    BOARD OF DIRECTORS Ashok Chhajer Nimish Shah Virendra Mittal Promoter, CMD Whole-Time Director Independent Director ● Over 2 decades in the real estate business ● A civil engineer with over 19 years experience in ● IIT Alumnus and a fellow chartered engineer construction and related activities ● Pri

  21. Slide 21: Management Team

    MANAGEMENT TEAM Senior Managerial Personnel of the Company and its Subsidiaries Deepak Lohia, Abhishek Shukla Sangeeta Chhajer Chief Financial Officer Chief Strategy Officer Head Post-sales & Operations Kapil Sengar Teji Ghosh Govind Rao VP Sales VP Marketing & brand Company Secretary management 20

  22. Slide 22: Awards & Recognitions

    AWARDS & RECOGNITIONS 2021 2017-2020 Zee Business Award – Iconic Award by Radio Affordable Housing Project of IGBC Pre-certified Platinum Developer of the Year City for Arihant the Year for Arihant Arshiya by Rating for Aspire project ( Affordable Housing) Aspire, Panvel CREDAI MCHI Business Excelle

  23. Slide 23: ESG

    ESG ASL engages in sustainable development of Environment, Society and Governance Environment Social Governance • Social development by supporting Rural • Most of our developments have development projects, rural sewage treatment plants, rainwater infrastructure and livelihood • The Board inculcates

  24. Slide 24: Business Drivers

    BUSINESS DRIVERS The information contained in this section has been derived from the “Market Research in MMR and Jodhpur Report”, which has been commissioned by our Company from Liases Foras Real Estate Rating and Research Private Limited. 23

  25. Slide 25: Real estate sector rejoices on the back of strong macros

    Real estate sector rejoices on the back of strong macros Higher affordability due to lower cost of borrowings Inventory months reduced in last 6 months 8.90% 56 8.25% 8.35% 8.05% 51 44 6.80% 6.80% 6.70% 42 6.40% Union Bank SBI HDFC ICICI Tier 1 Tier 2 Oct-19 Oct-21 FY 21 H1 – FY22  The housing loan

  26. Slide 26: Real Estate market is broad basing, favoring organized players like ASL

    Real Estate market is broad basing, favoring organized players like ASL No. of Medium & Small developers reduced in CY20 Immense scope of penetration for larger players Super Large Developers 6% 5% Large Developers 5% Medium Developers Medium & Small Developers 11% Super Large & Large Developers Sma

  27. Slide 27: Affordable segment to outperform: ASL a key player

    Affordable segment to outperform: ASL a key player All India residential sales 30-60L ticket size residential sales Million Sq. Ft. Million Sq. Ft. 800 300 705 258 700 CAGR – 14% 250 CAGR – 16% 600 200  MMR Market is estimated 500 150 to more than double by 400 300 320 108 FY27 to absorption volume

  28. Slide 28: ASL's long-standing presence in extended suburbs of MMR

    ASL’s long-standing presence in extended suburbs of MMR Central Extended Suburbs, Navi Mumbai, Panvel, Karjat and Khopoli are the markets in which Arihant Group is present ASL’s presence in micro markets of MMR  ASL has 51% share of supply in INR 30 Lacs – 1Cr segment and 58% share of supply in bel

  29. Slide 29: ASL: One of the established real estate player in affordable and mid-income housing

    ASL: One of the established real estate player in affordable and mid-income housing segment Strong Brand in MMR with • Customer- centric development model distinguished track record • Preferred developer in MMR and Jodhpur • Completed ~3.5 Million Sq. Ft. in last 5 years Cost efficient business mode

  30. Slide 30: Cost efficiencies ensures high margins despite competitive pricing

    Cost efficiencies ensures high margins despite competitive pricing in affordable housing segment Continuing to enter into JD, JV or DM arrangement in Mid-income segment Acquire lands on outright basis at low-cost for affordable housing Targeting redevelopment opportunities primarily in Navi Mumbai f

  31. Slide 31: Robust outlook supported by long term growth drivers

    Robust outlook supported by long term growth drivers Affordable & Project Joint Mid-income Land Reserves Portfolio Development Segment • 14 out of 15 projects • 12 ongoing projects • In addition, ASL has • Looking to expand in this segment with aggregate land reserves of and develop Land saleable ar

  32. Slide 32: Strong balance sheet to enable capital efficient growth

    Strong balance sheet to enable capital efficient growth Debt reduced by INR 91 Cr in FY21. The weighted average cost of capital reduced from 14.42% in FY19 to 11.56% in FY21 Further strengthen the balance sheet by raising equity growth capital Near term cash flows from unsold inventory of completed

  33. Slide 33: Construction Progress

    CONSTRUCTION PROGRESS 32

  34. Slide 34: Project Status - Aalishan (Kharghar)

    PROJECT STATUS – AALISHAN (KHARGHAR) Kaveh Baraz-I 53rd floor completed in Baraz I External Painting in progress Brickwork completed 33

  35. Slide 35: Project Status - Aspire (Panvel)

    PROJECT STATUS – ASPIRE (PANVEL) Iliana & Hortensia 38th floor completed in Iliana and 36th floor completed in Hortensia 34

  36. Slide 36: Project Status - Anaika (Taloja)

    PROJECT STATUS – ANAIKA (TALOJA) 35

  37. Slide 37: Project Status - Anaika (Taloja)

    PROJECT STATUS – 3 ANAIKA (TALOJA) Doors & Windows completed in J, K, L & M wings 36

  38. Slide 38: Project Status - Anaika (Taloja)

    PROJECT STATUS – 4 ANAIKA (TALOJA) N Wing O & P Wing Q Wing Block work completed for N, O, P & Q wings 37

  39. Slide 39: Project Status - Anaika (Taloja)

    PROJECT STATUS – 5 ANAIKA (TALOJA) Slab work in progress for R & S wing, Plinth work in progress for T wing 38

  40. Slide 40: Project Status - Amber

    PROJECT STATUS – AMBER Flooring & Tiling, Doors & Windows completed 39

  41. Slide 41: Project Status - Aloki

    PROJECT STATUS – ALOKI Commencement of flooring & tiling in Wing-B2, Commencement of 8th slab in A2 & 3rd slab in A3

  42. Slide 42: Project Status - Aarohi & Anmol

    PROJECT STATUS – AAROHI & ANMOL Aarohi, Kalyan-Shil Road Anmol, Badlapur Flooring, tiling, kitchen works in progress RCC work up to 12th slab level completed 41

  43. Slide 43: Project Status - Anchal (Jodhpur)

    PROJECT STATUS – ANCHAL (JODHPUR) A1 to A4, B1 to B7, C1 to C3, D1 to D5 under construction 42

  44. Slide 44: Project Status - Anchal (Jodhpur)

    PROJECT STATUS – ANCHAL (JODHPUR) 43

  45. Slide 45: Project Status - Adita (Jodhpur)

    PROJECT STATUS – ADITA (JODHPUR) 15th Slab completed 44

  46. Slide 46: Financial Snapshot

    FINANCIAL SNAPSHOT 45

  47. Slide 47: Capital Market Data

    CAPITAL MARKET DATA BSE Scrip Code 506194 Shareholding Pattern NSE Trading Symbol ARIHANTSUP (As on December 31, 2021) Public Bloomberg Code ARSU:IN 23.99% GICS Sector Real Estate FIs/Banks/FPIs 1.70% Market Cap as on INR 734.3 Cr. 21st Jan 2022 52 Week High INR 204.5 Promoters 74.31% 52 Week Low IN

  48. Slide 48: Consolidated Income Statement

    CONSOLIDATED INCOME STATEMENT Particulars (INR Cr) FY19 FY20 FY21 9M FY22 Total Revenue 242.2 237.6 272.3 261.7 Cost of Construction, Land & Development 195.5 119.2 149.2 185.4 Changes in Inventories (51.1) 33.6 33.4 (22.5) Employee Benefits Expense 13.8 12.1 11.9 11.74 Other Expenses 27.1 25.1 27.6

  49. Slide 49: Consolidated Balance Sheet

    CONSOLIDATED BALANCE SHEET Equity and Liabilities (INR Cr) FY19 FY20 FY21 9M FY22 Share Capital 41.2 41.2 41.2 41.2 Reserves and Surplus 80.7 85.6 97.5 127.8 Non-Controlling Interest 13.9 20.0 24.6 24.7 Total Equity 135.7 146.8 163.3 193.7 Long Term Borrowings 237.7 316.9 249.9 242.5 Short Term Borr

  50. Slide 50: Financial Performance

    FINANCIAL PERFORMANCE Income Statement (INR Cr) Return Ratios Revenues EBITDA PAT ROE ROCE 272 262 25.0% 242 238 20.8% 20.0% 16.3% 15.0% 11.0% 12.4% 10.9% 10.0% 11.4% 56.9 47.6 50.1 54.0 8.4% 18.3 31.5 5.0% 11 15.7 0.0% 4.5% FY19 FY20 FY21 9M FY22 FY19 FY20 FY21 9M FY22* *Non-annualized Debt to Equi

  51. Slide 51: Thank you!

    Thank you! For further Information please contact: Abhishek Shukla Chief Strategy Officer Tel: +91 22 6249 3333 Cell: +91 9619195775 Email: abhishek.shukla@asl.net.in Corporate Office: Arihant Aura, Floor No. 25, B wing, Plot no 13/1, TTC Industrial Area, Thane Belapur Road, Turbhe, Navi Mumbai – 40

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