Sunteck Realty Limited · NSE:SUNTECK
Sunteck Realty — H1 FY25 Earnings Presentation
28 slides from Sunteck Realty's earnings presentation, Nov 13, 2024
Slide 1: Exchange filing cover letter
Sunteck Realty Ltd. Date: 13th November, 2024 SRL/SE/63/24-25 National Stock Exchange of India Ltd BSE Limited Exchange Plaza, Plot no. C/1, G Block, Phiroze Jeejeebhoy Tower, Bandra-Kurla Complex, Bandra (East), Dalal Street, Mumbai - 400 051 Mumbai - 400 001 Symbol: SUNTECK Scrip Code: 512179 Sub:
Slide 2: Sunteck Realty Limited Investor Presentation Q2 & H1 FY25
Sunteck Realty Limited Investor Presentation Q2 & H1 FY25 November 2024 NSE: SUNTECK | BSE: 512179 | Bloomberg: SRIN: IN | Reuters: SUNT.NS / SUNT.BO
Slide 3: Disclaimer
Disclaimer By attending the meeting where this presentation is made and any additional material is provided (“Presentation”) or by reading the Presentation, you (“Recipient”), agree to be bound by the following limitations. This Presentation has been prepared on the basis of the estimates of the man
Slide 4: Key Highlights of Q2 & H1 FY25
Key Highlights of Q2 & H1 FY25 H1 FY25 • Pre-sales grew to ~Rs.1,026 cr, up 31.2% YoY • Collections grew to ~Rs.609 cr, up 21.3% YoY • Revenue from Operations grew to ~Rs.485 cr, up 408% YoY • EBITDA grew to ~Rs.69 cr, up 418% YoY • Net Income grew to ~Rs.57 cr, up 378% YoY • Net Operating Cash Flow
Slide 5: Key Strengths - Why Sunteck?
Key Strengths - Why Sunteck? 4
Slide 6: Key Strengths – Why Sunteck?
Key Strengths – Why Sunteck? 1 2 3 Well-timed Capital Luxury portfolio in every Strong Foothold in MMR Allocation for segment & across micro- market - largest & fastest acquisitions - Acquired markets - from uber luxury growing market in India more than ~50 mn sq ft & to aspirational luxury GDV of ~
Slide 7: Snapshot
Snapshot Strong Operational Foothold One of the large Well-timed developers in MMR INR~37,948 cr of ~50 MSF+ total 18 projects capital allocation – largest & fastest GDV from ~8 large development successfully with JDA & growing market projects acquisitions delivered outright model Rs 1 cr = Rs 10 mn
Slide 8: Strong Foothold in MMR Market – largest & fastest growing in India
1 Strong Foothold in MMR Market – largest & fastest growing in India MMR-Focused Luxury Real Estate Developer (1/2) By Location Volume By Project Brands 7
Slide 9: Strong Foothold in MMR market – largest & fastest growing in India
1 Strong Foothold in MMR market – largest & fastest growing in India MMR is the most attractive real estate market in India (2/2) MARKET SHARE BY VALUE Others NUMBER OF UNITS SOLD IN - FY24 & H1FY25 90,314 28% MMR 60,137 39% 53,789 50,730 47,738 34,130 28,875 26,447 25,893 18,137 15,448 16,561 9,502
Slide 10: Luxury portfolio in every segment & across micro-markets
2 Luxury portfolio in every segment & across micro-markets From Uber Luxury to Aspirational Luxury Premium positioning by creating different luxury brands across segments 9
Slide 11: Well-timed Capital Allocation for acquisitions
3 Well-timed Capital Allocation for acquisitions Acquired more than ~50 mn sq ft & GDV of ~Rs.37,948 cr (1/2) ACQUISITION STRENGTH • RESEARCH BASED ACQUISITIONS • ABILITY TO PREDICT GROWTH AREAS AHEAD OF THE CURVE • HIGH EQUITY MULTIPLE PHILOSOPHY OUTRIGHT ACQUISITION / MAJOR CAPITAL ALLOCATION JOIN
Slide 12: Gross Development Value (GDV)
3 Gross Development Value (GDV) Achieved pre-sales growth of ~31% in H1 FY25 (2/2) GDV – ~Rs 37,948 cr Bandra West Rs 1 bn = Rs 100 cr 9 GDV – Rs 1,000 cr Launched Burj Khalifa Community, 8 Downtown, Dubai Upcoming GDV – ~Rs 26,465 cr GDV – Rs 9,000 cr Sunteck Crescent Park, Nepean Sea Road 6 Kalyan
Slide 13: Expanding Annuity Income Portfolio
4 Expanding Annuity Income Portfolio Rs 300 cr+ rental, capital value creation of ~Rs 5,000 cr Sunteck Icon and Sunteck BKC 51 at BKC Junction has been pre-leased for a tenure of 29 years Both commercial assets have generated an Avg. ROIC of ~30% Launched Upcoming Capital Value – ~Rs 5,000 cr 5th Av
Slide 14: Strong Financial Performance
5 Strong Financial Performance Amongst industry best financials Pre-sales growth ~20%+ Cashflow AA Long term INR 750 cr Net Debt to Equity @~30%+ Surplus Yield credit rating from partnership with @ Zero India Ratings IFC – World (Fitch) Bank Group Rs 1 cr = Rs 10 mn 13
Slide 15: Strong Financial Performance: Pre-sales and Collections
5 Strong Financial Performance Pre-sales and Collections registering strong growth (1/4) Operational Trend Q2 FY25 Q2 FY24 YoY (%) H1 FY24 H1 FY24 YoY (%) Pre-Sales 524 395 32.7% 1,026 782 31.2% Collections 267 214 24.8% 609 502 21.3% Annual & YTD Pre-sales (~Rs cr) Annual & YTD Collections (~Rs cr)
Slide 16: Strong Financial Performance: Cashflow Surplus Yield
5 Strong Financial Performance Cashflow Surplus Yield @~21% (2/4) Net CF Surplus (~Rs cr) Net CF Surplus Yield 600 25% 22% 21% 500 484 20% 428 400 15% 15% 281 12% 300 239 10% 200 5% 100 0 0% FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 • As the company follows Project Completion Method of Accounting, CF
Slide 17: Strong Net Cash Flow Surplus surpasses Rs 1,600 cr
5 Strong Net Cash Flow Surplus surpasses Rs 1,600 cr Net Operating surplus grows by 112% YoY in H1FY25 (3/4) Particulars (~Rs cr) H1 FY25 H1 FY24 % Growth Cumulative NOCF Surplus (~Rs cr) 1800 Gross Collections 609 502 21% 1,623 1600 1,432 Less: Project Expenses 260 300 1400 Less: JDA Revenue Share
Slide 18: Net Debt to Equity @ ZERO (Net Cash Positive)
Strong Financial Performance 5 Net Debt to Equity @ ZERO (Net Cash Positive) Sunteck’s Long-Term Credit Rating upgraded from AA- to AA from India Ratings (Fitch) (4/4) Particulars (~Rs cr) FY22 FY23 FY24 H1’25 2.00x Debt/Equity Ratio Gross Debt 700 593 295 230 Less: Cash & Cash 1.50x 97 158 106 94 E
Slide 19: Successful Equity Partnerships
6 Successful Equity Partnerships Recent Partnership • Sunteck & IFC – World Bank Group form Joint Investment Platform of up to ~Rs 750 cr • Key highlights of the partnership • MMR focused platform to build high-quality green urban large-scale housing projects targeting the mid-income demographic • U
Slide 20: Annexure Q2 & H1 FY25 Financial Results
Annexure Q2 & H1 FY25 Financial Results 19
Slide 21: P&L Statement
P&L Statement Strong Revenue growth of 578% & PAT growth of 348% in Q2FY25 Revenue from Operations has registered five–fold increase To ~Rs 485 cr in H1 FY 25 EBITDA has registered five-fold increase to ~Rs 69 cr in H1 FY25 PAT has registered five-fold increase to ~Rs 57 cr in H1 FY25 PROFIT & LOSS
Slide 22: Balance Sheet
Balance Sheet Sunteck upgraded to AA from AA- by India Ratings (Fitch) BALANCE SHEET (Consolidated) Liabilities Sept ’24 Assets Sept ’24 Networth 3,160 Receivables 145 Borrowings 230 Inventories 5954 Non-Current Liabilities 17 Loans & Advances 342 Current Liabilities 1,148 Cash & Bank 94 Others Liab
Slide 23: Operational Performance Break-up
Operational Performance Break-up Q2 FY25 H1 FY25 Pre-sales Collections Pre-sales Collections Segment Projects (~Rs cr) (~Rs cr) (~Rs cr) (~Rs cr) Uber Luxury Signature, Signia 161 14 271 128 Sunteck City, SBR, Premium Luxury 214 77 446 152 Sky Park Aspirational Luxury Sunteck World 114 137 235 273 O
Slide 24: Annexure ESG & Awards
Annexure ESG & Awards
Slide 25: 2024 GRESB Development Benchmark Report
2024 GRESB Development Benchmark Report Development Score Participation & Score Sector Leader award 96 2024 GRESB Average 95 68 59 2023 70 Benchmark Average 66 Sunteck Realty has achieved outstanding GRESB Earning the prestigious Sector Leader award in the (Global Real Estate Sustainability Benchmar
Slide 26: Green Building Initiatives
Green Building Initiatives • Four projects, 4th Avenue, SunteckCity, ODC Goregaon W; Sunteck • Our HO Sunteck Centre Maxxworld & Sunteck Oneworld, Naigaon and Sunteck Beach has been awarded LEED Residences (SBR), Vasai W has been awarded with EDGE GOLD certification by US (Excellence in Design for G
Slide 27: Awards
Awards ‘International Asia Pacific Property Awards’ UK 2024-25 in the category of ‘Sustainable Residential Development’ for the prestigious project ‘4th Avenue, Sunteck City’ 26
Slide 28: Thank you
Thank you ir@sunteckindia.com