Ashiana Housing Limited · NSE:ASHIANA

Ashiana Housing — Investor Presentation (June 2019)

43 slides from Ashiana Housing's investor presentation, June 2019

  1. Slide 1: Annual Presentation

    Annual Presentation June, 2019 BSE: 523716 | NSE: ASHIANA | BLOOMBERG: ASFI:IN| REUTERS: AHFN.N S | WWW.ASHIANAHOUSING.COM © 2018, ASHIANA HOUSING LIMITED. ALL RIGHTS RESERVED.

  2. Slide 2: Contents

    Contents 01 Company Overview 02 Operational Overview 03 Projects 04 Financial Overview © Ashiana Housing Limited, All Rights Reserved. 2

  3. Slide 3: Company Overview

    Company Overview 01 Executive Summary 02 Key Highlights 03 Milestones 04 Management Team 05 Opportunities & Strengths 06 Key Thrust Areas © Ashiana Housing Limited, All Rights Reserved. 3

  4. Slide 4: Executive Summary

    Executive Summary Incorporation / ▪ 1979 in Patna, New Delhi Headquarters Industry ▪ Real Estate with focus on residential apartments Business ▪ Comfort Homes, Kid Centric Homes & Senior Living Verticals Areas of ▪ Jaipur, Bhiwadi, Jodhpur, Jamshedpur, Neemrana, South Operation of Gurgaon(Sohna), La

  5. Slide 5: Key Highlights as at 31st March, 2019

    Key Highlights as at 31st March, 2019 800+ Employee Strength Presence in 5 1,100+ Crore More than 227 Lakhs sq. ft. 13,500 states at 10 Over 40 years Market area constructed Happy Ashiana Locations of Legacy Capitalization Families 73 Lakhs Sq. ft. Debt- Equity for future Ratio of 0.20x development

  6. Slide 6: Milestones

    Milestones 1979 2006 2015 • Established in Patna. First organized • Started Jaipur operations • Successfully raised Rs 200 Cr from developer in Patna. investors through QIP 2007 • Started operation in South of Gurgaon 1985 • Started Jodhpur operations. (Sohna) & Chennai • Started operations in Jamsh

  7. Slide 7: Executive Directors

    Executive Directors Vishal Gupta Ankur Gupta Varun Gupta Managing Director Joint Managing Director Whole-time Director A graduate from Sydenham College He is a Bachelor in Business He is a Bachelor in Science from Stern (Mumbai) and an MBA from FORE Administration from Fairleigh Dickinson School of

  8. Slide 8: Independent Directors

    Independent Directors Abhishek Dalmia Sonal Mattoo Hemant Kaul Narayan Anand Piyul Mukherjee Independent Director Independent Director Independent Director Independent Director Independent Director Mr. Abhishek Dalmia Ms. Sonal Mattoo is a Mr. Hemant Kaul was Mr. Narayan Anand Ms. Piyul Mukherjee is

  9. Slide 9: No.1 Caring Brand in North India

    No.1 Caring Brand in North India *As per the brand rankings done by Track2Realty © Ashiana Housing Limited, All Rights Reserved. 9

  10. Slide 10: Opportunities

    Opportunities 1 Market share accretion due to consolidation 2 Senior Living along with newly launched vertical of Kid Centric Homes (KCH) 3 Land deals have become more lucrative © Ashiana Housing Limited, All Rights Reserved. 10

  11. Slide 11: Strengths

    Strengths ▪ Timely delivery Execution ▪ In-house construction – Ensure high control over cost and quality and flexibility in execution Strong Balance ▪ Cash & Cash equivalent higher than debt Sheet ▪ Debt– Equity ratio at 0.20 Healthy Project ▪ Ongoing project of 16.45 Lakhs Sq. ft. (8.95 Lakhs sq.

  12. Slide 12: Key Thrust Areas

    Key Thrust Areas • Best Sales Team • ‘A’ Players • Kid Centric • Training and Development • New Launches © Ashiana Housing Limited, All Rights Reserved. 12

  13. Slide 13: Projects

    Projects 01 Ongoing Projects 02 Key Projects 03 Future Projects Land available for Future 04 Development © Ashiana Housing Limited, All Rights Reserved. 13

  14. Slide 14: Ongoing Projects

    Ongoing Projects Expected Saleable Area Area Booked Location Project Phase Share in Project Completion (Lakhs Sq. ft.) (Lakhs Sq. ft.) Date Bhiwadi Nirmay 2 100% 1.18 0.58 Q1FY22 73.75% of Revenue Chennai Shubham 2 1.47 1.03 Q4FY21 Share 73.75% of Revenue Chennai Shubham 3 1.78 0.12 Q3FY23 Share Guj

  15. Slide 15: Vrinda Gardens

    Vrinda Gardens Actual View Location Jaipur Comfort Homes (Stilt + 12 floors with Project Type 2/3 BHK units) Saleable Area 15.09 Lakhs Sq. ft Area Launched 10.28 Lakhs Sq. ft. Economic Interest 50% of profit share Area Booked 8.83 Lakhs Sq. ft. Phases 5 Expected Completion Ticket Size Rs. 38.68 Lakh

  16. Slide 16: Gulmohar Gardens

    Gulmohar Gardens Actual View Location Jaipur Comfort Homes (2 BHK Flats/ 3&4 Project Type BHK Villas) Saleable Area 11.25 Lakhs Sq. ft Area Launched 11.25 Lakhs Sq. ft. Economic Interest 50% of profit share Area Booked 11.19 Lakhs Sq. ft. Phases 8 Expected Completion Ticket Size Rs. 36.41 lakhs – Rs

  17. Slide 17: Ashiana Nirmay

    Ashiana Nirmay Location Bhiwadi Project Type Senior Living (1/2/3 BHK apartments) Saleable Area 8.12 Lakhs Sq. ft Area Launched 3.35 Lakhs Sq. ft. Economic Interest 100% Area Booked 2.65 Lakhs Sq. ft. Phases 3 Expected Completion Ticket Size Rs. 33.11 Lakhs – Rs. 59.78 Lakhs Phase II in FY22 Date ©

  18. Slide 18: Ashiana Shubham

    Ashiana Shubham Actual View Location Chennai Project Type Senior Living (1/2/3 BHK apartments) Saleable Area 9.67 Lakhs Sq. ft Area Launched 4.86 Lakhs Sq. ft. Economic Interest 73.75% of revenue share Area Booked 2.76 Lakhs Sq. ft. Phases 5 Expected Completion Ticket Size Rs. 29.28 Lakhs – Rs. 75.5

  19. Slide 19: Ashiana Umang

    Ashiana Umang Project Ashiana Umang Location Jaipur Kid Centric (Stilt + 12 floors with 2/3 Project Type BHK units) Economic Interest 100% ownership of AHL Saleable Area 12.43 Lakhs Sq. ft Area Launched 12.43 Lakhs Sq. ft Area Booked 11.05 Lakhs Sq. ft. Phases 4 Expected Completion Phase IV will be

  20. Slide 20: Ashiana Anmol

    Ashiana Anmol Project Ashiana Anmol Location South of Gurgaon (Sohna) Project Type Kid Centric (2/3 BHK units) Economic Interest 65% of Revenue Share Saleable Area 11.49 Lakhs Sq. ft Area Launched 4.16 Lakhs Sq. ft. Area Booked 2.42 Lakhs Sq. ft Phases 3 Expected Completion Phase I in FY 20 date/Com

  21. Slide 21: Future Projects

    Future Projects 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 Gulmohar Gardens Jaipur 1 50% of Profit Share 1.48 Villas Jai

  22. Slide 22: New Launches planned in FY20

    New Launches planned in FY20 Tentative Launch Saleable Area Tentative S. No. Project Name Location Size (in Lakhs sq. ft.) Launch Date (in Lakhs sq. ft.) 1 Ashiana Daksh Jaipur 6.71 2.00 Q3FY20 2 Ashiana Amantran Jaipur 8.78 2.50 Q3FY20 3 Ashiana Maitri Kolkata 8.64 2.25 Q4FY20 4 Ashiana Nitya Kolka

  23. Slide 23: Land available for Future Development

    Land available for Future Development Estimated Estimated Location Land Land Saleable Area Proposed Development (Acres) (Lakhs Sq. Ft.) Comfort Homes/ Senior Bhiwadi Milakpur Land 40.63 31.00 Living Comfort Homes/ Senior Jaipur Ashiana Amantran 8.84 9.00 Living Jaipur Ashiana Daksh 6.67 6.15 Comfort

  24. Slide 24: Operational Overview

    Operational Overview 01 Highlights FY19 02 Key Metrics Yearly and Quarterly 03 Performance Mix of Unsold & Sold area in 04 Completed and Ongoing Projects © Ashiana Housing Limited, All Rights Reserved. 24

  25. Slide 25: Operational Highlights – FY19

    Operational Highlights – FY19 Booking area further improved to 2.83 Lakhs Sq. ft. (Q4FY19) vs 2.21 Lakhs Sq. 1 ft. (Q4FY18), an improvement of 22%. Yearly booking area at 10.79 Lakhs Sq. ft. was significantly higher than last year’s area booked of 6.93 Lakhs Sq. ft. Yearly area constructed declined

  26. Slide 26: Key Metrics

    Key Metrics Equivalent Area Constructed (in Lakh Sq. Ft.) Area Booked (in Lakh Sq. Ft.) 25 22.8 23.44 20 18.12 20 17.39 15 15 10.79 10 8.63 10 8.16 7.68 6.96 6.93 5 5 0 0 14-15 15-16 16-17 17-18 18-19 14-15 15-16 16-17 17-18 18-19 Average Realization (Rs. Per Sq. Ft.) Value of Area Booked (in Rs. Cr

  27. Slide 27: Quarter wise Performance

    Quarter wise Performance INR Crores Lakhs Sq. ft. Lakhs Sq. ft. Lakhs Sq. ft. Area Delivered & Particulars Value of Area Equivalent Area Area Booked Recognized for Booked Constructed* Revenue AHL 231.21 7.19 5.31 9.53 FY 19 Partnership 101.41 3.60 2.37 2.34 Total 332.62 10.79 7.68 11.87 AHL 64.05 1.

  28. Slide 28: Quarterly Operational Data

    Quarterly Operational Data Particulars Unit Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Equivalent Area Constructed* Lakhs Sq. ft. 1.63 1.97 1.62 2.46 Area Booked Lakhs Sq. ft. 2.80 2.62 2.55 2.83 Value of Area Booked INR Lakhs 8,711 7,942 7,692 8,917 Average Realizations INR/ Sq. ft. 3,111 3,029 3,022 3,156 *E

  29. Slide 29: Quarterly Sales Trend

    Quarterly Sales Trend Project Location Total FY18 FY19 Q1 FY19 Q2 FY19 Q3 FY19 Q4 Total FY19 AHL Aangan Neemrana (1,150) - - - - - Anmol Gurgaon 29,625 15,600 22,950 10,260 14,660 63,470 Tarang Bhiwadi 7,806 1,384 (2,519) 25,705 10,035 34,605 Town Bhiwadi 82,885 30,745 16,290 25,880 25,295 98,210 Su

  30. Slide 30: Geographical Mix Product Mix (Sold)

    Area Mix in Completed and Ongoing Projects- Sold Geographical Mix Product Mix Chennai Pune 9% 0% Gujarat 1% Bhiwadi 25% Senior Living 18% Kid Centric Homes 36% Gurgaon 6% Comfort Jodhpur Homes Jaipur 5% 54% 46% © Ashiana Housing Limited, All Rights Reserved. 30

  31. Slide 31: Geographical Mix Product Mix (Unsold)

    Area Mix in Completed and Ongoing Projects- Unsold Geographical Mix Product Mix Halol Jodhpur Neemrana 3% 1% 1% Gurgaon 12% Bhiwadi Comfort Pune 40% Senior Living Homes 6% 27% 26% Chennai 15% Kid Centric Homes 47% Jaipur 22% Unsold Area as on 31st March 2019 Completed Units : 6.73 Lakhs sq. ft. Ongo

  32. Slide 32: Financial Overview

    Financial Overview 01 Highlights 02 Financial Summary 03 Balance Sheet Income Statement, Gross Margin 04 & Decline in Profits 05 Ongoing Projects Cash Flows 06 Build Unsold Inventory © Ashiana Housing Limited, All Rights Reserved. 32

  33. Slide 33: Consolidated Financial Highlights 2019

    Consolidated Financial Highlights 2019 ▪ Revenue recognized from completed projects of INR 281.38 Crores (FY19) vs INR 262.25 Crores (FY18). Higher Revenue due to higher deliveries ▪ Total Comprehensive Income of INR 19.10 Crores (FY19) vs. INR 46.21 Crores (FY18) ▪ Yearly Pre-tax operating cash flo

  34. Slide 34: Financial Summary YoY (Consolidated)

    Financial Summary YoY (Consolidated) Particulars Unit FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 INR Sales & Other Income 161.42 122.80 164.44 542.67 397.02 334.92 350.63 Crores INR Operating Expenditure 113.75 90.91 105.42 388.55 291.00 266.92 303.37 Crores INR EBITDA 47.67 31.89 59.02 154.12 106.02

  35. Slide 35: Balance Sheet (Consolidated)

    Balance Sheet (Consolidated) Particulars (Rs. Crores) 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 Share Capital 18.6 20.5 20.5 20.5 20.5 20.5 Reserve & Surplus 265.9 502.3 630.1 702.2 745.3 761.3 Net Worth 284.5 522.8 650.5 722.7 765.8 781.8 Long Term Debt 9.1 32.9 57.6 78.1 63.4 142.7 Gross Fix

  36. Slide 36: Statement of Operating Results (FY19)

    Statement of Operating Results (FY19) Area recognized Cost of Goods Sales Gross Profit (GP) Amount Particulars as Sales Sold (in Rs. Lakhs) (in Rs. Lakhs) (in Rs. Lakhs) (in Lakhs Sq. Ft) (in Rs. Lakhs) Revenue from Real Estate and Support Operations Completed Projects 9.44 28,138 18,237 9,901 Other

  37. Slide 37: Statement of Operating Results (FY18)

    Statement of Operating Results (FY18) Area recognized Cost of Goods Sales Gross Profit (GP) Amount Particulars as Sales Sold (in Rs. Lakhs) (in Rs. Lakhs) (in Rs. Lakhs) (in Lakhs Sq. Ft) (in Rs. Lakhs) Revenue from Real Estate and Support Operations Completed Projects 8.91 26,225 16,023 10,186 Othe

  38. Slide 38: Decline in Profitability based on Standalone Numbers

    Decline in Profitability based on Standalone Numbers 2017-18 2018-19 Variance Particulars (in Rs. Lakhs) (in Rs. Lakhs) (in Rs. Lakhs) Revenue from Real Estate and Support Operations Completed Projects 10,186 9,901 (285) Other Real Estate Operations 1,422 1,353 (69) Gross Profit 11,608 11,254 (354)

  39. Slide 39: Cash Flow Position in Ongoing Projects

    Cash Flow Position in Ongoing Projects Equivalent Sale Value of Amount Saleable Area Area Booked Area Entity Location Project Phase Area Booked Received (Lakhs Sq. ft.) (Lakhs Sq. ft.) Constructed (INR Crores) (INR Crores) (Lakhs Sq. ft.) AHL Bhiwadi Nirmay 2 1.18 0.58 18.85 9.47 0.66 Chennai Shubha

  40. Slide 40: Completed Projects having Inventory

    Completed Projects having Inventory Unbooked Saleable Area Location Projects Phase Share in Project Type Area (Lakhs Sq. ft.) (Lakhs Sq. ft.) Bhiwadi Nirmay Phase-1 100% Senior Living 2.18 0.10 Bhiwadi Tarang Phase-1 & Plaza 100% Comfort Homes 2.31 0.40 Bhiwadi Town Phase-1, 2, & 3 100% Kid Centric

  41. Slide 41: Completed Projects having Booked and Unrecognized Area

    Completed Projects having Booked and Unrecognized Area Saleable Area Booked & Area Recognised Unbooked Area Booked Area Unrecognised For Location Projects Phase Share in Project Type For Revenue Area (Lakhs Sq. (Lakhs Sq. ft.) Revenue (Lakhs Sq. ft.) (Lakhs Sq. ft.) ft.) (Lakhs Sq. ft.) Bhiwadi Nirm

  42. Slide 42: Net Worth & Shareholding Pattern

    Net Worth & Shareholding Pattern Key Statistics ▪ Net Worth – Rs. 783 Crore (FY 18 Rs. 766 Crores) ▪ More than 1,100 Crore Market Capitalization as on 31st March, 2019 Shareholding Pattern Institutional Holding above 1% No. of % Rank Fund / Institution Shares Holding Promoter & ICICI Prudential Equi

  43. Slide 43: For Any 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

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