Ashiana Housing Limited · NSE:ASHIANA
Ashiana Housing — Investor Presentation (September 2016)
37 slides from Ashiana Housing's investor presentation, September 2016
Slide 1: Corporate Presentation
Corporate Presentation September, 2016 BSE: 523716 | NSE: ASHIANA | Bloomberg: ASFI:IN| Reuters: AHFN.NS www.ashianahousing.com © 2014, Ashiana Housing Limited. All Rights Reserved.
Slide 2: Contents
Contents 01 Company Overview 02 Operational Overview 03 Projects 04 Financial Overview 2
Slide 3: Company Overview
Company Overview 01 Company Overview Executive Summary Milestones Promoters Strengths & Opportunities 3
Slide 4: Executive Summary
Executive Summary Incorporation / 1979 in Patna, New Delhi Headquarters Industry Real Estate with focus on residential apartments Business Segments Comfort Homes & Senior Living Jaipur, Bhiwadi, Jodhpur, Jamshedpur, Neemrana, South of Areas of Operation Gurgaon(Sohna), Lavasa, Halol, Chennai and Kol
Slide 5: Milestones
Milestones 1979 1998 2013 • Established in Patna. First • First organized developer in • Unveiled new identity of organized developer in Patna. Neemrana Ashiana 1985 2004 2014 • Started operations in • Launched Senior Living project • Started Halol operations Jamshedpur. at Bhiwadi • Acquired land i
Slide 6: Promoters
Promoters Vishal Gupta (Managing Director) A graduate from Sydenham College (Mumbai) and an MBA from FORE School of Management (Delhi), he is acknowledged for his in depth understanding of the real estate business, customer psychology and market behavior. He is actively involved in finance, human re
Slide 7: Strengths & Opportunities
Strengths & Opportunities • Timely delivery Execution • In-house construction – Ensure high control over cost and quality and flexibility in execution • Cash & Cash equivalent way higher than debt Strong Balance • Raised capital of Rs. 200 Cr to pursue growth opportunities, further Sheet strengthen
Slide 8: Operational Overview
Operational Overview 02 Operational Overview Highlights FY16 Key Metrics Saleable area of Ongoing Projects 8
Slide 9: Operational Highlights – FY 2015-16
Operational Highlights – FY 2015-16 Area constructed increased to 23.4 Lakhs sq. ft. (FY16) vs 22.8 lakhs sq ft. (FY15). Growth of 3% YoY Booking Area decreased to 8.63 lsf (FY16) vs 18.12 lsf (FY15). Declined by 52% YoY. Happy handover as central theme, achieved a yearly NPS over all score of 68
Slide 10: Key Metrics
Key Metrics In Lakhs Sq Ft In Lakhs Sq Ft 25 22.80 23.44 25 22.13 20 17.87 18.65 20 17.83 18.12 14.62 15 15 12.27 10 8.63 10 5 5 0 0 11-12 12-13 13-14 14-15 15-16 11-12 12-13 13-14 14-15 15-16 Equivalent Area Constructed Area Booked Rs Per Sq Ft In Rs Crores 3,500 3,293 700 648 2,926 3,022 3,000 2,6
Slide 11: Quarterly Operational Data
Quarterly Operational Data Particulars Q1 FY16 Q2 FY16 Q3 FY16 Q4 FY16 Q1 FY17 Equivalent Area Constructed (In lsf) 5.33 5.87 6.14 6.10 4.15 Area Booked (In lsf) 1.65 2.16 2.63 2.21 2.41 Value of Area Booked (In Rs. Lakhs) 5,476 7,511 8,373 7,061 7,937 Average Realizations (In Rs/Sq. Ft.) 3,328 3,47
Slide 12: Quarter-wise performance
Quarter-wise performance 12
Slide 13: Quarterly Sales Trend
Quarterly Sales Trend Area in Sq. ft. 13
Slide 14: Saleable Area of Ongoing Projects
Saleable Area of Ongoing Projects South of Chennai Gurgaon Jodhpur (Sohna) 2% 4% 10% Bhiwadi • Target market is middle income 29% Lavasa group in towns and cities with 3% population of more than 10 lakhs Jamshedpur and in upcoming industrial areas 2% • People over 55 years of age in Jaipur middle in
Slide 15: Projects
Projects 03 Projects Ongoing Projects Future Projects Land available for future development 15
Slide 16: Ongoing Projects (As on 30th June 2016)
Ongoing Projects (As on 30th June’ 2016) Saleable Area Expected Completion Project Name Location Economic Interest Project Type Area (lsf) Booked (lsf) Time AshianaTown Beta Comfort Bhiwadi 100% 5.19 2.39 Phase 3 in FY18 (Phase 3) Homes Ashiana Town Plaza Bhiwadi 100% Commercial 0.04 0.04 FY 17 Ashi
Slide 17: Ongoing Projects (As on 30th June 2016)
Ongoing Projects (As on 30th June’ 2016) Saleable Area Expected Completion Project Name Location Economic Interest Project Type Area (lsf) Booked (lsf) Time Ashiana Shubham 73.75% of Revenue Chennai Senior Living 1.63 0.38 Phase 1 in FY18 (Phase 1) Share Ashiana Anantara 74.5% of Revenue Comfort Jam
Slide 18: Key Project Details – Ashiana Umang
Key Project Details – Ashiana Umang Particulars Project Ashiana Umang Location Jaipur Comfort Homes (Stilt + 12 floors with 2/3 Project Type BHK units) Economic 100% ownership of AHL Interest Saleable Area 12.42 lakh sq. ft 9.87 lakh sq. ft Area Launched Area Booked 7.00 lakh sq. ft. Phases 4 Expect
Slide 19: Key Project Details – Ashiana Town
Key Project Details – Ashiana Town Projects i. Ashiana Town Beta ii. Ashiana Town Gamma iii. Ashiana Nirmay (Senior Living) Location Bhiwadi Phases 9-10 Project Type Comfort Homes/Senior Living Area Launched 17.55 lakh sq. ft. Saleable Area 41.68 lakh sq. ft Area Booked 10.75 Ashiana Town Beta –hand
Slide 20: Key Project Details – Ashiana Anmol
Key Project Details – Ashiana Anmol South of Gurgaon Comfort Homes (2/3 BHK units) Location Project Type (Sohna) Area Launched 4.16 Lakhs sq. ft. Saleable Area 11.50 lakhs sq. ft Economic Interest 65% of revenue share Area Booked 1.25 Lakh sq. ft. Phase 1 in FY19 Phases 3 Expected Completion Date La
Slide 21: Key Project Details – Vrinda Garden
Key Project Details – Vrinda Garden Comfort Homes (Stilt + 12 floors Location Jaipur Project Type with 2/3 BHK units) Area Launched 9.11 Lakh sq. ft. Saleable Area 15.09 lakh sq. ft Economic Interest 50% of profit share Area Booked 4.61 Lakh sq. ft. Phase 1 in FY17 Phases 5 Expected Completion Date
Slide 22: Key Project Details – Ashiana Shubham
Key Project Details – Ashiana Shubham Senior Living( 1/2/3 BHK Location Chennai Project Type apartments) Area Launched 1.63 Lakh sq. ft. Saleable Area 9.69 lakh sq. ft Economic Interest 73.75% of revenue share Area Booked 0.38 Lakh sq. ft. Phase 1 in FY18 Phases 5 Expected Completion Date Launch Bas
Slide 23: Future Projects
Future Projects Saleable Area Booked Project Name Project Location Economic Interest Project Type Area (lsf) (lsf) Ashiana Nirmay (Phase 2&3) Bhiwadi 100% Senior Living 5.68 - Ashiana Surbhi (Phase 3) Bhiwadi 100% Comfort Homes 0.93 - Ashiana Tarang (Phase 2,3 &4) Bhiwadi 100% Comfort Homes 9.32 Ash
Slide 24: Future Projects
Future Projects Saleable Area Booked Project Name Project Location Economic Interest Project Type Area (lsf) (lsf) Ashiana Dwarka (Phase 3 to 5) * Jodhpur Area Share Comfort Homes 3.42 - 74% of Revenue Ashiana Anand Jamshedpur Comfort Homes 6.83 - Share South of Gurgaon 65% of Revenue Ashiana Anmol
Slide 25: Land available for Future Development
Land available for Future Development Estimated Land Area Estimated Saleable Area Land Name and Location Proposed Development (Acres) (lsf) Milakpur Land, Bhiwadi * 40.63 31.00 Comfort Homes/ Senior Living New Land in Ajmer Road, Comfort Homes/ Senior Living 8.84 9.00 Jaipur Umang Extension, Jaipur
Slide 26: Financial overview
Financial overview 04 Financials Financial Highlights Balance Sheet Income Statement & Gross Margin Ongoing Projects Cash Flows Unsold Inventory 26
Slide 27: Consolidated Financial Highlights (FY 2015-16)
Consolidated Financial Highlights (FY 2015-16) Sales & Other Income increased to Rs. 53,605 lakhs from Rs. 16,444 lakhs, Growth of 226 % YoY due to increase in area handed over (23.6 lsf vs 11.24 lsf) PAT increased to Rs. 12,939 lakhs from Rs. 4,649 lakhs. Growth of 178 % YoY due to higher revenu
Slide 28: Balance Sheet (Consolidated)
Balance Sheet (Consolidated) Particulars (Rs. Crore) 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 Share Capital 18.6 18.6 18.6 18.6 20.5 20.5 Reserve & Surplus 156.4 221 249.5 265.9 502.3 625.6 Net Worth 175 239.6 268.1 284.5 522.8 646.1 Long Term Debt 0.3 10.6 11.1 9.1 32.9 57.6 Gross Fixed Asse
Slide 29: Income Statement (Consolidated)
Income Statement (Consolidated) 600 500 400 In Rs Crore 300 200 100 0 FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15 FY 15-16 Revenue 154.3 249.0 161.4 122.8 164.4 536.0 EBITDA 58.5 89.7 47.7 31.8 59.0 150.6 PAT 43.9 69.6 33.2 21.9 46.5 129.4 29
Slide 30: Statement of Operating Results (FY 15-16)
Statement of Operating Results (FY 15-16) Particulars Area Sales Cost of Good Gross Profit (GP) Amount (‘ in recognized as (‘ in Rs. Sold (‘ in Rs. (‘ in Rs. Lakhs) Rs. Lakhs) Sales (in lakhs Lakhs) Lakhs) sq. ft.) Revenue from Real Estate and Support Operations Completed Projects 15.07 45,112 29,58
Slide 31: Cash Flow position in ongoing projects
Cash Flow position in ongoing projects (Status as on 30th June, 2016) Equivalent Area Saleable Area Area Booked Value of Area Sold Amount Received Particulars constructed ( Lakhs Sq. ft.) (Lakhs Sq. ft.) (Rs. In Lakhs) (Rs. In Lakhs) (Lakhs Sq. ft.) Ashiana (See Note 1) 32.39 17.25 52,412 31,359 15.
Slide 32: Collection Status in ongoing projects
Collection Status in ongoing projects (Status as on 30th June, 2016) 32
Slide 33: Completed Projects having Inventory
Completed Projects having Inventory Project Name Project Location Economic Interest Saleable Area Unsold/Unbooked (in sq. ft.) Area (in sq. ft.) Ashiana Town Beta (Phase 1) Bhiwadi 100.00% 578,200 70,665 Ashiana Town Beta (Phase 2) Bhiwadi 100.00% 435,960 192,200 Ashiana Surbhi (Partial Phase 1) Bhi
Slide 34: Completed Projects having booked and unrecognized area
Completed Projects having booked and unrecognized area Area in sq. ft. Location Project Phase Total saleable Booked Area Area Area booked & Unbooked Area recognized unrecognized for Area for revenue revenue Jodhpur Dwarka 1 137,780 105,910 101,770 4,140 31,870 Jamshedpur Anantara Leo 114,400 113,220
Slide 35: Net worth & Shareholding pattern
Net worth & Shareholding pattern Key Statistics June’16 Networth – Rs. 644 Crore (FY 16 Rs. 646 Crores) Market Cap - – As per NSE - 30th June 2016– Rs. 1695 Crore - 31st March 2016– Rs. 1332 Crore Shareholding Pattern Non Institutions FII 5% 13% Individual & Promotors Others 61% 21% 35
Slide 36: Initiatives Way Forward
Initiatives Way Forward More focus on Sales: ‘Selling to Helping’ as the central theme for 2016-17 Focus on Happy Handover continues: Healthy NPS scores highlighting High customer satisfaction Prudent Financial Management 36
Slide 37: Contact Information
Contact Information For Any Queries, Contact Bhuban Rawat Ashiana Housing E: bhuban.rawat@ashianahousing.com T: +91 11 4265 4265 37
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