Sumit Woods Ltd. · NSE:SUMIT
Sumit Woods — Investor Presentation (July 2019)
37 slides from Sumit Woods's investor presentation, Jul 17, 2019
Slide 1: NSE filing letter: Analyst / Investor Meeting
NSE Symbol: SUMIT lSlN: lNE748ZO1OL3 t7 /07 /20L9 The Manager, Listing Department, The National Stock Exchange of India Limited, 'Exchange Plaza', C-1 Block G, Bandra Kurla Complex, Bandra (E) Mumbai - 400051 Sub: Analyst / Investor Meeting Dear Sir/Madam, Pursuant to Regulations 30 of SEBI (LODR) R
Slide 2: Sumit Woods Ltd. Investor Presentation March 2019
www.sumitwoods.com S U M I T WO O D S LT D. Investor Presentation March 2019
Slide 3: Executive Summary
EXECUTIVE SUMMARY • Sumit Woods Ltd. is the flagship company of Sumit Group, which was incorporated in the year 1997. Company Overview • It is a real estate company operating in Mumbai, Thane and Goa with three decades of experience. • The company is focused on development and re-development of resid
Slide 4: Snapshot
SNAPSHOT Business Overview Competed more than 50 Focus on Budget housing 8 on going projects across Successfully completed 11 residential and commercial for mid income and low Mumbai, Goa, Vasai/Virar re-development projects projects income group and Thane 2,02,815 Total Unsold 1,19,700 Total saleab
Slide 5: Company Overview
COMPANY OVERVIEW • 100 % PROJECT DELIVERY RATE. • 50+ Projects in 33+ Years. • 4700+ Happy Family. • 30 Lakhs + square feet area constructed. • Patron Members of M.C.H.I, B.A.I & NAREDCO India
Slide 6: About Us
Historical Consolidated Revenue 500 470 90 432 77 80 400 68 70 ABOUT US 343 295 296 60 300 50 197 40 200 32 30 27 100 8 20 7 10 0 0 FY14 FY15 FY16 FY17 FY18 FY19 Our Company was originally incorporated as “Sumit Woods Private Total Revenue PAT Limited” at Goa on January 09, 1997 under the provisions
Slide 7: Key Milestones
KEY MILESTONES 1986-2003 2003-2011 2011-2012 2012 – 2014 Started their first project. The first project under Sumit Woods Completed 4 Projects in Launched 2 of the company’s Pvt. Ltd. was "Kandivali Mitnayan Mumbai & Goa. biggest projects: "Sumit Completed 4 projects with a total Co-Op Housing Socie
Slide 8: Board of Directors
BOARD OF DIRECTORS Shri Mitaram Jangid Shri Bhushan Nemlekar Shri Subodh Nemlekar Promoter, Managing Director Promoter, Whole Time Director Promoter, Non-Executive Director • Is on board since inception. • Is an Executive MBA from Havard Business • On board since inception School, Boston, USA • Has
Slide 9: Key Management
KEY MANAGEMENT BOARD OF DIRECTORS PROMOTER AND DIRECTOR PROMOTER AND WHOLE TIME DIRECTOR (HEAD OF DESIGN AND DEVELOPMENT) (HEAD OF SALES AND MARKETING) Head of Accounts Company Secretary and Head of Project Execution Head of Purchase and Finance Compliance Officer Mr. Clint P Dos Santos: Mr. Kunal S
Slide 10: Awards and Accolades
AWARDS AND ACCOLADES 2014 - MCHI 2016 – ABCI (Silver) 2016 - Mid Day – Iconic 2017- Mid Day – Iconic 2017 - DNA – Developer excellence in design Publication Award Township, Palghar, Dist., Planned Project, of the Year, Residential (Sumit Group) (Sumit Woods Ltd) (Sumit Greendale and NX, (Sumit Bells
Slide 11: Key Strengths
KEY STRENGTHS Experienced Promoters with well trained employee base • 3 decades of experience in the real estate industry. • Promoters, with significant experience, have been instrumental for the company’s significant growth. • A dedicated team of professionals for efficient management of projects. The
Slide 12: Our Finance Partners
OUR FINANCE PARTNERS Capital and Housing Finance Limited
Slide 13: Business Overview
BUSINESS OVERVIEW
Slide 14: Completed Projects
BUSINESS OVERVIEW Type of Projects Re-Development • During the period 2012-17, the company was mainly in the business activities of redevelopment of 10 Completed Projects Old Buildings, (CESS Building Redevelopment / MHADA Redevelopment), and residential projects in 41 Mumbai and in the state of Goa
Slide 15: Business Model
BUSINESS MODEL T:0 Planning, Design and Approval phase. 8-10 Months • Planning and Conceptualisation is completed either in-house or via reputa- ble architects and structural consultants engaged by the company. Project Feasibility • Project estimates are always developed by the in-house planning tea
Slide 16: Business Strategies
BUSINESS STRATEGIES Vision to create lifestyle enhancing, eco-friendly benchmarks that provide comfort and convenience to the community at large. Impeccable record of planning and execution of projects backed by a professional management along with timely construction of all projects with an Occupat
Slide 17: Robust Project Pipeline
ROBUST PROJECT Sumit Artista 0.05 Mn sq. ft. Nearly Ready Sumit Greendale 0.55 Mn sq. ft. of Carpet 0.38 Mn sq. ft. area in pipeline Under construction 2.18 Mn sq. ft. projects 0.12 Mn sq. ft. Construction yet to start Gorai Sumit 1.63 Mn sq. ft. of Sumit Artista, Sumit completed projects Greendale,
Slide 18: Recently Completed Projects
RECENTLY COMPLETED PROJECTS Total % of Sr. Name of the Type of Start Completion Units Location No. of Unsold No Project Project Year Year Sold Units Units Vile Parle , 1 Sai Prasad Residential 2016 2019 6 5 83% Mumbai Sumit 2 Virar (W), Virar Residential 2014 2019 386 347 90% Greendale Nx Sharda 3 S
Slide 19: On-Going Projects
ON-GOING PROJECTS Avg. Value of Amount Balance Sold area Economic Name of the Project Location Carpet area Total units Units Sold % Unit Sold Project Status Selling sold area received receivable (sq. ft.) Interest rate (INR Mn) (INR Mn) (INR Mn) Sample row house Sales not Sumit Bells Plot C Salcete
Slide 20: On-Going Projects
ON-GOING PROJECTS Sumit Bells III Sumit Mount III Span Trident- Tower C Goa Rera No: PRGO06180472 Goa Rera Number : PRG011180246 Maha Rera No. – P51700008468 Carpet Area (sq. ft.):- 33,907 Carpet Area (sq. ft.): 27,868 Carpet Area (sq. ft.):- 51,927 (saleable area) (saleable area) Sumit Garden Grove
Slide 21: Growth Drivers
GROWTH DRIVERS Mumbai Development plan 2034 Advantages of DMM To Land Owner To Developer Brand Association Entry into new markets Quality Construction Access to region-specific experience Timely Delivery Asset-light Business Disciplined Execution Local risk addressed by regional partner
Slide 22: Industry Overview
INDUSTRY OVERVIEW
Slide 23: Industry Overview
INDUSTRY OVERVIEW • The real estate sector in India is expected to reach a market size of US$ 180 billion by 2020. The housing sector is expected to contribute around 11 per cent to India’s GDP Indian real estate - Market size by 2020. (USD Billion) • Mumbai and Bengaluru have been rated as the top
Slide 24: Industry Overview: Affordable Housing
INDUSTRY OVERVIEW Affordable housing, housing for all The housing shortage in India stood at 63 million units in 2012. While the overall demand continues to swell, affordable housing has emerged as a trigger for the sector’s overall growth, driven by the Central Cumulative Housing Demand-Supply in to
Slide 25: Regulatory Reforms
REGULATORY REFORMS RERA RERA will improve the buyers’ confidence and boost the GST demand for real estate. • A single amalgamated tax code across India. • Standardised environment for Delays in handover of projects are likely to decline as organised players. RERA mandates commitment from developers t
Slide 26: Mumbai Real Estate Sector
MUMBAI REAL ESTATE SECTOR A significant portion of the populace is salaried and for most of them owning a house remains a distant dream. In response to this disconnect, developers are now launching smaller sized units to be able to bring down the ticket size. In this way, houses become affordable for
Slide 27: Financial Overview
FINANCIAL OVERVIEW
Slide 28: Standalone Income Statement
STANDALONE INCOME STATEMENT Particulars (INR Mn) FY15 FY16 FY17 FY18 FY19 Total Revenue* 200 229 390 187 206 Total Expenses 94 153 291 86 116 EBITDA 106 76 99 101 90 EBITDA Margin (%) 53.00% 33.19% 25.38% 54.00% 43.69% Finance Cost 83 60 58 48 34 Deprecia�on 11 9 10 7 5 PBT 12 7 31 46 51 Tax Expense
Slide 29: Standalone Balance Sheet
STANDALONE BALANCE SHEET Particulars (INR Mn) FY18 FY19 Particulars (INR Mn) FY18 FY19 EQUITY & LIABILITIES ASSETS Shareholder’s Funds 463 732 Non-Current Assets 396 480 (A) Share Capital 108 153 (A) Tangible Assets 76 71 (B) Reserves & Surplus 355 579 (B) Non -Current Investments 299 387 Non-Curren
Slide 30: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT Par�culars (INR Mn) FY15 FY16 FY17 FY18 FY19 Total Revenue* 295 296 470 343 432 Total Expenses 185 209 355 174 288 EBITDA 110 87 115 169 144 EBITDA Margin (%) 37.29% 29.39% 24.47% 49.27% 33.33% Finance Cost 89 69 65 61 43 Deprecia�on 11 9 10 7 5 PBT 10 9 40 101 96 Tax E
Slide 31: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Particulars (INR Mn) FY18 FY19 Particulars (INR Mn) FY18 FY19 EQUITY & LIABILITIES ASSETS Shareholder’s Funds 495 763 Non-Current Assets 315 322 (A) Share Capital 108 153 (A) Tangible Assets 76 72 (B) Reserves & Surplus 387 610 (B) Non -Current Investments 218 229 Non-Curr
Slide 32: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS Total Revenue* (INR Mn) EBITDA & EBITDA Margin (%) (INR Mn) PAT & PAT Margin (%) 180 169 100% 90 25% 470 160 144 90% 77 22% 432 80 140 80% 68 20% 70 115 70% 343 120 60 60% 15.74%15% 296 100 87 50 49% 50% 80 40 32 40% 10% 60 33% 30 29% 30% 7% 24% 20 5% 40 20% 7 10 2% 20 10% 0
Slide 33: Disclaimer
DISCLAIMER No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d
Slide 34: Thank You
O U Y N K H A T
Slide 35: Annexure - Gross Total Sales
ANNEXURE- GROSS TOTAL SALES Details of Gross Total Sales for the last five years ( In INR Mn) Economic Sr No. Name of En�ty FY19 FY18 FY17 FY16 FY15 FY14 interest 1 Mitasu Developers Private Limited 100% - - - - - - 2 Sumit Chetna Venture 67% 228.74 170.82 9.65 26.08 91.88 - 3 Sumit Snehashish Venutr
Slide 36: Annexure - Case Study: Sumit Artista
ANNEXURE- CASE STUDY Sumit Artista – Joint Venture Model (Located at Kalina, Santacruz East, Mumbai, Maharashtra) Was an open plot and out right buy with the help of financial institution like india infoline, India bulls, Bajaj finance. Plot Size : Total Carpet area : 25000 sq. ft. 99,261 sq. ft. The
Slide 37: Annexure - Case Study: Sumit Garden Grove
ANNEXURE- CASE STUDY Sumit Garden Grove – Joint Venture Model / DMM (Located at Chikuwadi Borivali (West), Mumbai, Maharashtra) Construction cost is being funded by Piramal Capital and Housing Finance Limited Sumit Woods Limited is the development Manager for this project because of the company’s ex