Arihant Superstructures Limited · NSE:ARIHANTSUP
Arihant Superstructures — Q3 FY2023 Earnings Presentation
37 slides from Arihant Superstructures's earnings presentation, February 2023
Slide 1: Investor Presentation Q3 – FY 2023
INVESTOR PRESENTATION Q3 – FY 2023
Slide 2: ASL: One of the largest real estate players in affordable and mid-income housing
ASL: One of the largest real estate player in affordable and mid-income housing segment • Mirroring the population Matrix – supply of Customer- centric product in line with socio-economic spread of the development model population • Over 96% of portfolio in affordable and mid- income housing • Produ
Slide 3: Capital Efficient Business Model
Capital Efficient Business Model Asset Light Model Low-Cost Land • Continuing to enter into JD, JV or DM • Acquire lands on outright basis at low- arrangement in Mid-income segment cost for affordable housing • Targeting redevelopment opportunities • Reaching out landowners directly rather primarily
Slide 4: Key Highlights for Q3-FY23
KEY HIGHLIGHTS FOR Q3-FY23 4
Slide 5: CMD's Message
CMD’S MESSAGE “Performance in the Real Estate sector is dependent on two wheels of progress - Unit Sales & Execution with matching velocity and this is reflected in our earnings. We are glad to report the highest quarterly profits till date and have for the first time crossed INR 50 Cr of consolidat
Slide 6: Operational Highlights
OPERATIONAL HIGHLIGHTS 9M-FY23 Q3-FY23 Units Sold Area Sold Value of sales Collection Units Sold Area Sold Value of sales Collection (1,159) (9.45 L Sft) (INR 548.0 CR) (INR 318.4 CR) (505) (4.04 L Sft) (INR 224.3 CR) (INR 89.8 CR) Business Development 21.7% Ventured into plotted development through
Slide 7: New Launch – Q3 FY23
NEW LAUNCH – Q3 FY23 The Company has launched a new project named “Arihant Aaradhya” in Dec-22 in the affordable housing segment near Kalyan, one of the fastest growing micro markets in MMR. The project shall comprise of 11 magnificent 14 storey towers with ~9.1 lakh Sft saleable area having ~64,000
Slide 8: 9M-FY23 at a Glance
9M-FY23 AT A GLANCE Units Sold (No.) Area Sold (Lakh Sft) Value of Sales (INR Cr) 1,628 13.8 764.0 1159 9.5 548 934 8.7 400.3 710 6.3 264.8 FY20 FY21 FY22 9M FY23 FY20 FY21 FY22 9M FY23 FY20 FY21 FY22 9M FY23 Total Revenue (INR Cr) EBITDA (INR Cr) PAT (INR Cr) 41.4 42.4 332.5 325.7 71.3 69.2 272.3 2
Slide 9: Quarterly Results – Q3 & 9M FY23
QUARTERLY RESULTS – Q3 & 9M FY23 Y-o-Y Change Y-o-Y Change (INR Cr) Q3 FY23 Q3 FY22 9M FY23 9M FY22 (%) (%) Total Income 115.21 88.57 30.1% 325.68 261.27 24.7% Total Operating Expenses 85.28 70.10 21.7% 256.47 207.24 23.8% EBITDA 29.93 18.47 62.0% 69.21 54.03 28.1% EBITDA Margin (%) 25.98% 20.86% 21
Slide 10: Debt & Return Ratios
DEBT & RETURN RATIOS Entity Debt attributable as Return Ratios Entity Debt % holding per % holding (INR Cr) (INR Cr) ROE ROCE ASL 100% 26.0% 70.56 70.56 Arihant Vatika 60% 16.3% 1.02 0.61 17.6% 11.0% 10.9% Arihant Aashiyana 60% 70.56 42.33 11.4% 8.4% Arihant Abode 60% 187.07 112.24 4.5% FY19 FY20 FY
Slide 11: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT Particulars (INR Cr) FY19 FY20 FY21 FY22 9MFY23 Total Revenue 242.2 237.6 272.3 332.5 325.7 Cost of Construction, Land & 195.5 119.2 149.2 289.1 218.9 Development Changes in Inventories (51.1) 33.6 33.4 (92.3) (12.0) Employee Benefits Expense 13.8 12.1 11.9 16.4 14.3 Ot
Slide 12: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Equity and Liabilities (INR Cr) FY19 FY20 FY21 FY22 9MFY23 Share Capital 41.2 41.2 41.2 41.2 41.2 Reserves and Surplus 80.7 85.6 97.5 137.3 169.7 Non-Controlling Interest 13.9 20.0 24.6 24.6 34.6 Total Equity 135.7 146.8 163.3 203.0 245.4 Long Term Borrowings 237.7 316.9 2
Slide 13: Launch Pipeline
LAUNCH PIPELINE Est. Revenue No. of Project* Location Category Timeline Area (Sft) potential Units (INR Cr) Aayan Titwala Affordable Q4 - FY23 200 145,044 160 Arshiya Khopoli Affordable Q4 - FY23 138 120,000 40 Aspire Panvel Mid-Income Q1 - FY24 370 374,755 274 Anmol Badlapur Affordable Q1- FY24 178
Slide 14: Consistent Pace of Delivery
CONSISTENT PACE OF DELIVERY We move forward with a strong belief that timely delivery with superior quality will be the key differentiator in the future Consistently delivered 700-900 units year on year since past many years and working towards improving the pace While most projects were in under co
Slide 15: Board of Directors
BOARD OF DIRECTORS Executive Directors Ashok Chhajer Nimish Shah Parth Chhajer Chairman & Managing Director Whole-Time Director Whole-Time Director ● Over 2 decades in the real estate business ● A civil engineer with over 19 years experience in ● Worked briefly with the leading capital markets const
Slide 16: Management Team
MANAGEMENT TEAM Abhishek Shukla Sangeeta Chhajer Darshni Lakhani Chief Strategy Officer Head Post-sales & Operations Company Secretary ● Seasoned business and finance professional with ● Rich experience of nearly a decade and a half in ● CS Darshni H. Lakhani is an Associate Member over 16 years exp
Slide 17: Awards & Recognitions
AWARDS & RECOGNITIONS 2023 Arihant Superstructures Ltd. was awarded for Excellence in Modern- Edge Technology by Bharat24 In a recently hosted event by Bharat24, fastest growing National Hindi news channel, recently hosted its ‘Super Indians’ initiative in New Delhi to honour extraordinary individua
Slide 18: Awards & Recognitions
AWARDS & RECOGNITIONS 2021-2022 2017-2020 Best Developer for Green Buildings by CIA Zee Business Iconic Award IGBC Pre-certified Affordable Housing World Award – by Radio City Platinum Rating Project of the Year Developer of the for Arihant for Aspire project for Arihant Arshiya Year( Affordable Asp
Slide 19: ESG
ESG ASL engages in sustainable development of Environment, Society and Governance Environment Social Governance • Most of our developments have sewage treatment plants, • The Board inculcates culture of • Social development by supporting rainwater harvesting, solar power accountability, transparency
Slide 20: Capital Market Data
CAPITAL MARKET DATA BSE Scrip Code 506194 Shareholding Pattern NSE Trading Symbol ARIHANTSUP As on 31 December, 2022 Public Bloomberg Code ARSU:IN 23.21% FIs/Banks/F GICS Sector Real Estate PIs 2.08% Market Cap as on INR 860.24Cr 03.02.2023 52 Week High INR 259.00 Promoters 74.71% 52 Week Low INR 10
Slide 21: Project Portfolio
PROJECT PORTFOLIO 21
Slide 22: Snapshot
SNAPSHOT Total Estimated Receivables of ~INR 8,000 Cr Completed Projects Ongoing Projects Forthcoming Projects • 96% sales booking achieved • ~4.6 mn Sft area under • Development Potential of ~10.5 for the completed projects development for the ongoing mn Sft in pipeline for coming projects years •
Slide 23: Portfolio Mix
PORTFOLIO MIX Category-wise portfolio mix High Income Group (> INR 10,000/Sq. Ft.) 3.10% Diversified portfolio mix with focus on affordable and mid income housing Affordable (< INR 5,000/Sq. Ft.) 57.30% Mid Income Group (INR 5,000- Area-wise Portfolio Mix 10,000/Sq. Ft.) 39.60% Jodhpur 19.04% Khargh
Slide 24: Completed & Ongoing Projects
COMPLETED & ONGOING PROJECTS Balance Total Balance Total units Units Booked Area Booked Economic MMR Projects Location Inventory in Saleable Area Inventory in (No.) (No.) (Sft) Interest of ASL Units (No.) (Sft) Area (Sft) Completed Projects Various Projects MMR 3,134 3,059 75 25,34,751 24,83,713 51,
Slide 25: Forthcoming Projects
FORTHCOMING PROJECTS MMR Projects Location Total units (No.) Total Saleable Area (Sft) Economic Interest of ASL Amisha Taloja 274 220,514 60% Arshiya Khopoli 1,135 856,669 100% Aspire Panvel 1,648 1,943,715 60% Aakarshan Taloja 1928 1256240 100% Aaradhya Kalyan Annexe 770 606,978 100% Anmol Badlapur
Slide 26: Cash Flow Status & Potential - Ongoing
CASH FLOW STATUS & POTENTIAL - ONGOING Balance Revenue Balance Revenue to be Balance Sale Value of Amount potential of Total Est. Revenue Receivables Recognized Potential Economic MMR Projects Booked Area Received (INR Balance Receivables(INR Recognized from Booked from Booked Revenue Interest of AS
Slide 27: Cash Flow Potential - Forthcoming
CASH FLOW POTENTIAL - FORTHCOMING Revenue potential of Economic Interest of Project Location Category Balance Inventory ASL (INR Cr) Amisha Taloja Affordable 99 60% Arshiya Khopoli Affordable 317 100% Aspire Panvel Mid-Income 1,574 60% Aakarshan Taloja Affordable 691 100% Aaradhya Kalyan Annexe Affo
Slide 28: Project Updates
PROJECT UPDATES 28
Slide 29: Geographical Spread – MMR
GEOGRAPHICAL SPREAD – MMR 15 Projects # Project Name Location Completion Area Sold Status (%) (MMR) 1 Arihant Aarohi Shilphata 71% 67% 2 Arihant 4Anaika Taloja (Nr 87% 99% Kharghar) 3 Arihant Aspire Panvel 64% 72% Shilphata 4 Arihant Aalishan Kharghar 63% 77% Titwala 5 Arihant Aloki Karjat 62% 52% T
Slide 30: Geographical Spread – Jodhpur
GEOGRAPHICAL SPREAD – JODHPUR 3 Projects (Jodhpur) Completion # Project Name Location Area Sold (%) Status 1 Adita Pal Gangana Road 96% 46% Jodhpur 2 Aanchal Dali Bai Circle 97% 82% 3 Ashray Dali Bai Circle - - Dali Bai Circle Pal Gangana Road 30
Slide 31: Project Update
PROJECT UPDATE ARIHANT ASPIRE ARIHANT 4ANAIKA ARIHANT AAROHI (PANVEL) (TALOJA) (SHILPHATA) * Elevation image is an Artist’s impressions for representational purposes only 31
Slide 32: Project Update
PROJECT UPDATE ARIHANT AALISHAN ARIHANT ALOKI ARIHANT ANMOL (KHARGHAR) (KARJAT) (BADLAPUR) * Elevation image is an Artist’s impressions for representational purposes only 32
Slide 33: Project Update
PROJECT UPDATE ARIHANT ADVIKA ARIHANT 5ANAIKA ARIHANT AMISHA (VASHI) (TALOJA) (TALOJA) * Elevation image is an Artist’s impressions for representational purposes only 33
Slide 34: Project Update
PROJECT UPDATE ARIHANT AYAN ARIHANT AARADHYA (TITWALA) (KALYAN) * Elevation image is an Artist’s impressions for representational purposes only 34
Slide 35: Project Update
PROJECT UPDATE ARIHANT ADITA ARIHANT ANCHAL (JODHPUR) (JODHPUR) * Elevation image is an Artist’s impressions for representational purposes only 35
Slide 36: Disclaimer
DISCLAIMER This presentation has been prepared by Arihant Superstructures Limited (the “Company” or “ASL”) together with its Subsidiaries (collectively, the “Arihant Group”) for general information purposes only, without regard to any specific objectives, suitability, financial situations and needs
Slide 37: Thank you!
Thank you! For further Information please contact: Abhishek Shukla Chief Strategy Officer Tel: +91 22 6249 3333 Cell: +91 9619195775 Email: abhishek.shukla@asl.net.in Corporate Office: Arihant Aura, Floor No. 25, B wing, Plot no 13/1, TTC Industrial Area, Thane Belapur Road, Turbhe, Navi Mumbai – 40
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