Tarc Limited · NSE:TARC
Tarc — Q3 FY2024 Earnings Presentation
25 slides from Tarc's earnings presentation, Feb 12, 2024
Slide 1: TARC exchange filing cover letter
, ilr \\ilJ/:. \\\\"//rri 7r,,.,.€ ,//f 'i11 l\\- f: February 12,2024 TARC To' To, The General Manager. The Vic0 President, Deptt of Corporate Services, National Stock Excfuange of India Limited, BSE Limited, Exchange Plaza, P.J. Tower, Dalal Street, Bandra Kurla Complex, Bandra (E) Mumbai - 400001
Slide 2: Results Presentation Third Quarter, Financial Year 2024
RESULTS PRESNTATION THIRD QUARTER, FINANCIAL YEAR 2024
Slide 3: Index
INDEX Overview 3 Strategy 8 Portfolio 12 Financial Performance 17 ESG 22 TARC MACEO, GURUGRAM
Slide 4: TARC at a Glance
LEGACY 5 Decades experience POSITIONING Luxury Residential FOCUSSED MICRO-MARKETS Delhi and Gurugram TARC at a Glance RESIDENTIAL PORTFOLIO – INITIAL PHASE* ~7,500 crores GDV LAND BANK Paid-up land bank of ~500 acres NSE / BSE LISTED Listing in December 2020 * Including upcoming launch 3
Slide 5: Transformative Evolution
TRANSFORMATIVE EVOLUTION 1970S 1990S 2010S 2020 - 2021 2022 2023 onwards - Started our journey as a - Focussed on acquiring - 20 Million - The Leap: TARC emerges - Bain Capital, USA transaction - Delivered TARC Maceo construction company and enhancing our Square feet through a demerger, listed on is
Slide 6: A Brand Inspired by India
A BRAND INSPIRED BY INDIA Thoughtful Ambitious Integration Ideation We aspire to seamlessly merge Our vision is broad and India’s profound legacy, grandeur encompasses large-scale and values with modern design conceptualization, laying the principles groundwork for distinctive real estate landmarks
Slide 7: Focussed Micro-Markets: Delhi NCR
FOCUSSED MICRO-MARKETS: DELHI NCR Strategically located land holdings: acres TARC Patel Road Central, South and West Delhi 125 North and East Delhi 250 Haryana 100 TARC Tripundra Uttar Pradesh 25 Total 500 TARC 63A The above land bank is exclusive of land acquired by the Government for which compens
Slide 8: CEO Says…
CEO Says… “The demand scenario in NCR looks upbeat. Our recent launch of the Kailasa project is witnessing strong traction, indicating robust product and brand acceptance. Ground-level data points and positive energy across the sales force are very encouraging, giving us confidence for upcoming proj
Slide 9: Mission FY2025
MISSION FY2025 NET CASH Transform into a net cash company Strategically Designed Affirm leadership in Excellence in execution Product Portfolio customer centricity • Product positioning specific • Premium customer • Deliver on timelines ₹ 5000 crore • to location Pricing befitting luxury standards •
Slide 10: Guidance
GUIDANCE TARC aspires for significant growth as its 5000 current focus is beamed on the three marquee residential developments. TARC plans to fulfil launch pipeline of ~ ₹ 6600 crore in FY24 fueling initial phase of growth TARC has planned a similar pipeline of launches for FY25 & FY26 for its next
Slide 11: Project Calendar
PROJECT CALENDAR Sales Launched Projects Launch Size Project / Location Location Category Potential* Period (MSF) ~ ₹ 4,900 crore (₹ Cr) LAUNCHED Upcoming products TARC Tripundra New Delhi Luxury Q3FY23 0.5 900 ~ ₹ 2,600 crore TARC Kailasa New Delhi Luxury Q4FY24 1.7 4,000 Planned luxury residential
Slide 12: Catalysing Growth
CATALYSING GROWTH DRIVING SUSTAINABLE GROWTH THROUGH A CALIBRATED APPROACH Strategically Rising demand for Compelling launch located land bank luxury pipeline at historical cost condominiums Improvement in Enhanced Positioning as financial strength Organizational Luxury Residential on back of strong
Slide 13: Residential Portfolio: Current Focus
RESIDENTIAL PORTFOLIO: CURRENT FOCUS TARC TRIPUNDRA TARC KAILASA TARC 63A Bijwasan Road, New Delhi Patel Road, Delhi Sector 63A, Gurugram Launch Period Q3 FY2023 Q4 FY2024 Upcoming Plot Area ~ 3 acres ~ 6 acres ~ 7 acres Saleable Area ~ 0.5 msf ~ 1.7 msf ~ 1.4 msf No. of Apartments 187 400+ 400+ Sal
Slide 14: TARC Tripundra
TARC TRIPUNDRA PROJECT INSIGHTS Artistic impression 3 towers of 10 floors each, Located in South Delhi, opposite Offers unique amenities like Indoor & Outdoor Pool, comprising of 187 homes of 3 & 4 Pushpanjali Farms with 2200 acres of Exclusive Theatre, 7- tier Security, Green building BHKs. Constru
Slide 15: TARC Kailasa
TARC KAILASA PROJECT INSIGHTS Artistic impression Offering 400+ homes. Nestled in Delhi’s The project will be designed by the world-renowned Setting a benchmark for New Delhi central west, the project is strategically designers and architects from Singapore, Andy residential real estate market with
Slide 16: TARC 63A
TARC 63A PROJECT INSIGHTS Artistic impression Situated in Sector 63A, Gurugram, the The location offers a vibrant and Providing best in class premium Focus on increasing customer centricity project is strategically positioned in what well-connected neighborhood residential fully-fitted homes, with e
Slide 17: TARC Maceo
TARC MACEO Delivered in Q4FY23 PROJECT INSIGHTS Located in New Gurugram, easy Club Tierra – a premium rendezvous with holistic The project is now complete, and all Best-in-class project in the vicinity accessibility from NH8, living; offers amenities like infinity pool etc. It is an amenities are fu
Slide 18: Financial Statement
FINANCIAL STATEMENT Particulars Q3FY24 Q2FY24 Revenue 930.10 2,972.06 Add: Other Income 249.02 495.63 Total income (A) 1,179.12 3,467.69 Less: Direct Costs including change in inventory (2,678.09) (850.30) Less: Other expenses 3,054.33 3,421.24 EBITDA (B) 802.88 896.75 EBITDA Margin (%) (B/A) 68.09%
Slide 19: Debt Profile
DEBT PROFILE ₹ Cr. Particulars Q3FY24 Year 2, 15% Debt (Non-Convertible Debentures) 1321.0 Year 5, 35% Year 3, 20% Year 4, 30% Redemption Schedule of NCDs The Company has been assigned Financial Partner ACUITE BB+ (STABLE OUTLOOK) rating. Bain Capital 18
Slide 20: Governing Success
GOVERNING SUCCESS Mr. Anil Sarin Mr. Amar Sarin Ms. Muskaan Sarin Chairman Managing Director & CEO Whole Time Director - - - The founder, having over five decades of rich Responsible for overall leadership and strategic Drives the customer-centric culture. She leads in experience. He has been respon
Slide 21: Leading from the Front
LEADING FROM THE FRONT Rajeev Trehan Anil Mahindra Nitin Goel Amit Narayan Arijit Das COMPANY SECRETARY & CHIEF OPERATING OFFICER CHIEF LAND OFFICER CHIEF FINANCIAL OFFICER COMPLIANCE OFFICER DESIGN & ARCHITECTURE Shuaib Ahmad Prerna Dhingra Suneet Singh Anjul Gupta Amit Tyagi HEAD - SALES & MARKETI
Slide 22: ESG Vision
ESG VISION NET ZERO TARGET GREEN BUILDING Committed to create strategy Committed for 100% Green for Carbon Neutrality and Net certified residential portfolio Zero developments. COMMUNITY ENGAGEMENT GOVERNANCE Committed to lead community Committed to grow ethically development initiatives with transp
Slide 23: Sustainability: A Work in Progress
SUSTAINABILITY: A WORK IN PROGRESS • Working towards finalizing ESG framework for the organization • We are committed towards 100% Green certified Residential Portfolio. • Received IGBC Gold pre-certification for TARC Tripundra ENVIRONMENT • Received IGBC Platinum pre-certification for TARC 63A (upc
Slide 24: Health and Safety Camps at Projects
HEALTH AND SAFETY CAMPS AT PROJECTS 23
Slide 25: For more information, contact
For more information, contact: ANKUSH VIJAN HARDIK SHAH INVESTOR RELATIONS CORPORATE STRATEGY +91 9953166990 +91 9167025877 investors@tarc.in investors@tarc.in KAPTIFY CONSULTING INVESTOR RELATION STRATEGY +91 845 288 6099 contact@kaptify.in TARC Limited www.tarc.in Disclosure: This presentation con