Ganesh Housing Limited · NSE:GANESHHOU
Ganesh Housing — Q4 FY2024 Earnings Presentation
38 slides from Ganesh Housing's earnings presentation, May 14, 2024
Slide 1: Exchange filing cover letter for Q4 and FY24 earnings presentation
GANESH -=l ~.!!!'Jt!! r; ISO 9001 :2015 I ISO 14001 :201 5 ISO 45001 :2018 REF.NO./GHCL/AHMD/2024-2025/363B DATE: MAY 14, 2024 To To BSE Limited National Stock Exchange of India Limited Corporate Relation Department Exchange Plaza, Phiroze Jeejeebhoy Towers Plot No . C/1 , G Block Dalal Street, Band
Slide 2: Q4 and FY24 Earnings Presentation
GANESH HOUSING Q4 AND FY24 EARNINGS PRESENTATION
Slide 3: Disclaimer
Disclaimer This presentation is for information purposes only and does not constitute an offer, solicitation or advertisement with respect to the purchase or sale of any security of Ganesh Housing Corporation Limited (the “Company”) and no part of it shall form the basis of or be relied upon in conn
Slide 4: Highlights
HIGHLIGHTS j " CS iba. ie apes ES “2 ng , ry | za ° "| ‘i ~ - — =—
Slide 5: FY24 Key Financial and Operational Highlights
FY24 Key Financial and Operational Highlights Revenue Balance Sheet Strengthened FY24 revenue came in at INR 8,989 Mn, Continue to remain debt free from a peak debt a growth of 45% YoY of INR 6,486 Mn in FY19; Strong balance sheet with INR 2,306 Mn cash surplus. EBITDA Robust Project Pipeline FY24 E
Slide 6: Q4 Key Financial and Operational Highlights
Q4 Key Financial and Operational Highlights Revenue Strong Balance Sheet Q4FY24 Revenue grew 53% YoY to INR 2,801 Net Debt-free for more than last 8 quarters and Mn vs INR 1,830 Mn in Q4FY23 highly confident in maintaining a strong capital structure in the quarters ahead EBITDA New Planned Project Q
Slide 7: Q4 and FY24 Strong Financial Performance
Q4 and FY24 Strong Financial Performance Particulars (INR Mn) Q4FY24 Q3FY24 Q4FY23 QoQ (%) YoY (%) FY24 FY23 YoY (%) Revenue 2,801 1,833 1,830 53% 53% 8,989 6,208 45% EBITDA 1,524 1,386 1,048 10% 45% 6,301 2,563 146% EBITDA Margin (%) 54.4% 75.6% 57.3% (21.2%) (2.9%) 70.1% 41.3% 28.8% PBT 1,495 1,35
Slide 8: Key Ratios - Significant Improvement
Key Ratios - Significant Improvement Net Debt (INR Mn) Debt/Equity (x) 4,944 3,393 0.8 1,419 0.7 (2,226) 0.2 (3,216) 0 0 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Return on Equity (%) Return on Capital Employed (%) 29.7 8.9 9.2 39.6 21.4 14.0 (19.2) (21.0) (4.9) (4.8) FY20 FY21 FY22 FY23 FY2
Slide 9: Ahmedabad: A Key Real Estate Hub in Gujarat
Ahmedabad: A Key Real Estate Hub in Gujarat Launches and Sales Trends Key Market of Gujarat Highly Affordable 25,000 20,000 - Launches (units) - Sales (units) - INR per sq ft 3,100 3,000 2,900 15,000 Ahmedabad draws 40% of Gujarat's In 2023, Ahmedabad emerged as the most 2,800 real estate investment
Slide 10: What We Have Achieved And What's Next
What We Have Achieved And What’s Next Particulars Completed Projects Ongoing Projects Planned Projects No. of projects 21 3 4 Residential – (8 phases) Residential - 2 Residential - 17 Commercial – (6 phases) Type of projects Commercial - 1 (Million Minds Commercial – 4 Township – (5 phases) Phase 1)
Slide 11: Upcoming Commercial Projects: Robust Annuity Income
Upcoming Commercial Projects: Robust Annuity Income Construction Estimated Lease Estimated Project Expected Project Project Location Area (Mn. Sq. Ft.) (INR Cr/Annum) Cost (INR Cr) Timelines Million Minds (IT SEZ - Commercial) Phase 1 1.3 72 285 H1FY24 - H2FY26 (Ongoing) Phase 2 1.3 72 285 H1FY26 -
Slide 12: Upcoming Residential Projects: Strong Cashflow Visibility
Upcoming Residential Projects: Strong Cashflow Visibility Saleable Area Estimated Revenue Estimated Project Expected Project Project Location (Mn. Sq. Ft.) (INR Cr) Cost (INR Cr) Timelines Millions Minds (IT SEZ - Residential) Phase 1 0.9 541 262 H1FY25 – H1FY28 Phase 2 0.9 535 247 H2FY25 – H2FY28 P
Slide 13: Malabar Retreat: Construction Commenced in Q4FY24
Malabar Retreat: Construction Commenced in Q4FY24 GANESH~ !.9.Y.!!!§ ~ 12
Slide 14: Million Minds (IT SEZ): Landmark Project in High Growing Market
Million Minds (IT SEZ): Landmark Project in High Growing Market Prime Location Favorable IT & ITeS policy ❑ State of the art, world-class infrastructure ❑ Gujarat aspires to be among the top 5 states in facilities on 64 acres of land located at a key India as far as the IT & ITeS industry is concern
Slide 15: Strategic Partnership with Tishman Speyer for Million Minds
Strategic Partnership with Tishman Speyer for Million Minds Strategic alliance for development of GHCL’s Million Minds - 1st Phase of commercial development of 1.3 Mn Sq Ft Synergistic Partnership o Collaboration for SEZ development o Lease Management o Product Innovation Superior Capabilities Inter
Slide 16: Ongoing Project Update – Million Minds (IT SEZ) Phase 1
Ongoing Project Update – Million Minds (IT SEZ) Phase 1 Million Mind Phase 1 –project update of ongoing construction work Status Expected Completion Construction Work in Progress March - 2026 ------ ■--■ ■--■ Construction Area Leasable Area 1.3 Mn. Sq. Ft. 0.85 Mn. Sq. Ft. Estimated Cost Estimated R
Slide 17: Ongoing Project Update – Million Minds Phase 1 (Site Update)
Ongoing Project Update – Million Minds Phase 1 (Site Update) GANESH~ !.9.Y.!!!§ ~
Slide 18: Finished Project Update - Malabar Exotica
Finished Project Update - Malabar Exotica 100% 100% Completed Booked Possession Started Use of Precast Ready for Delivery Construction Technology GANESH~ !.9.Y.!!!§ ~
Slide 19: Finished Project Update - Malabar County 3
Finished Project Update - Malabar County 3 100% 100% Completed Booked Delivered Use of Precast Well Ahead of Time Construction Technology GANESH~ !.9.Y.!!!§ ~
Slide 20: Malabar Exotica: Project Completed 10 Months Ahead of Schedule
Malabar Exotica: Project Completed 10 Months Ahead of Schedule Malabar Exotica: Milestones achieved over the course of project construction and execution June’21 July’21 June’22 Sep’23 Feb’24 Land of 2 acres Project launched Significant progress Structure work Project completion identified and const
Slide 21: Malabar County 3: Project Delivered Within 2.5 Years
Malabar County 3: Project Delivered Within 2.5 Years Malabar County 3: Milestones achieved over the course of project construction and execution Oct’20 Feb’21 Feb’22 Sep’22 Feb’23 Land of 2 acres Project launched Significant progress Structure work Project completion identified and construction on c
Slide 22: Creating Landmarks - Lalita Govind Udyan
Creating Landmarks - Lalita Govind Udyan, Exquisite Sanctuary Spread Across 8 Acres o Inaugurated by Shri Amit Shah, Hon'ble Union Home Minister and Shri Bhupendra Patel, Hon'ble Chief Minister of Gujarat on 30th Sep’23. o The facility is located behind Nirma University, just besides GHCL’s resident
Slide 23: Lalita Govind Udyan: Key Features
Lalita Govind Udyan: Key Features Garden Oasis: Encompassing 32,385 square meters Tranquil Lake: Serene lake brimming with 5 crore litres of crystal- clear water, a calming focal point to reconnect with nature. Miyawaki Plantation: 40,000 trees grown through the Miyawaki Plantation technique, enhanc
Slide 24: Corporate Presentation
C O R P O R A T E P R E S E N T A T I O N
Slide 25: Snapshot: A Leading Real Estate Developer in Gujarat
Snapshot : A Leading Real Estate Developer in Gujarat ) ···········:······:···- - - - - - - - - - - - - - - - - - - - - - - - - ~ - - - -------, ··... - (,~~;) Premium Ahmedabad focused developer with strong & differentiated brand that allows leadership position .... - - - - - - - - - - - - - - - -
Slide 26: Vision and Mission
Vision and Mission Content Here I VISION Easy to change colors, 52% MISSION photos and Text. “To be the most trusted, transparent, and “To continuously innovate and use the admired real estate developer” latest technology to provide high-quality spaces to our customers” “To set up and build standard
Slide 27: Our Journey So Far
Our Journey So Far Early Phase & IPO Fund Raising Robust Execution Scaling Up Creating a New High (1991 - 2004) (2004 - 2009) (2009 - 2014) (2014 - 2020) (2021 Onwards ) • Incorporated in June 1991. • Bonus issue 2:1 (2006) • Delivered 17 msf. • Highest ever cash flow of INR • Achieved higher ever 2
Slide 28: Well Established Brand; Strong Transparency
Well Established Brand; Strong Transparency ✓ Ganesh Housing Corporation Limited (‘GHCL’) is the flagship company of Ganesh Group; listed since 1993 ✓ Leading residential developer across mid and higher income segment; Enviable track record of identifying several high potential locations and convert
Slide 29: Proven Execution Track Record
Proven Execution Track Record Maple Tree: Speed of execution to enhance shareholder value Feb’15 Apr’15 Apr’16 Apr’17 Jan’19 Land of ~ 10 acres Project launched Significant progress Construction work Completion identified and construction made in less than completed in two start one year towers .I I
Slide 30: Significant Land Reserves for Future Growth
Significant Land Reserves for Future Growth ✓ ~500 acres of land reserves in d strategic locations across Ahmedabad ✓ 36-40 msf of development potential ✓ Ability to take advantage of ,, • favourable market conditions by launching projects quickly without having to acquire land ✓ Rationalize land re
Slide 31: What Sets Us Apart
What Sets Us Apart Future Ready Transparent and Trustworthy Strategic Project Locations Top Quality Infrastructure Professionally Managed and Amenities Strong Brand Equity Focused on Deleveraging & Superior Reputation Innovative Planning Use of Technology – I-homes, Home Timely Delivery GANESH~ Auto
Slide 32: Strong Leadership Team
Strong Leadership Team Dipak Kumar Patel - Chairman Shekhar Patel – MD & CEO Pankaj Teraiya – President Associated with GHCL since 1991; (Projects) 01 leading the land related matters and 02 Veteran with an experience of over 26 years; leading day to day 03 BE Civil with an experience of over 28 gov
Slide 33: Strategic Priorities
Strategic Priorities Being more aggressive towards Building a team for the future, Building both commercial and retail Strengthening focused approach towards segment, widen customer base Position Internal across price points and locations team reorganization and reorientation Organization Retaining
Slide 34: Way Forward: Plan, Prepare and Proceed
Way Forward : Plan, Prepare and Proceed What we will Achieve Sustainable growth and value creation for all the stakeholders Proceed Proceed with a larger, more efficient, and Prepare collective group. The This is what drives recent consolidation our everyday has ensured creation Plan strategy; prepa
Slide 35: Consolidated Income Statement (Historical)
Consolidated Income Statement (Historical) Particulars (INR mn) FY24 FY23 FY22 FY21 FY20 Revenue 8,989 6,208 3,849 1,820 2,773 EBITDA 6,301 2,563 1,355 (377) (504) I EBITDA (%) 70.1% 41.3% 35.2% (20.7%) (18.2%) Depreciation 66 27 20 17 21 EBIT 6,235 2,535 1,335 (394) (525) Interest 37 134 363 748 79
Slide 36: Balance Sheet (Historical)
Balance Sheet (Historical) Particulars (INR mn) FY24 FY23 FY22 FY21 FY20 Equity Share Capital 834 834 834 492 492 Reserves & Surplus 14,669 10,262 7,064 4,528 5,750 Minority Interest - 683 870 871 931 Shareholder’s Equity 15,503 11,779 8,768 5,891 7,173 I Borrowings 260 36 1,377 3,393 4,944 Other Li
Slide 37: Cash Flows and Ratios (Historical)
Cash Flows and Ratios (Historical) Particulars (INR mn) FY24 FY23 FY22 FY21 FY20 Operating Cash Flow excl. WC 6,232 2,480 1,341 (658) (663) Working Capital Changes 146 (2,173) (931) 1,980 1,890 Investment Activities (4,886) 2,782 394 434 531 Financing Activities (2,437) 14 (852) (1,726) (2,022) Rati
Slide 38: Thank You
THANK YOU