Ashiana Housing Limited · NSE:ASHIANA
Ashiana Housing — Q3 FY2019 Earnings Presentation
33 slides from Ashiana Housing's earnings presentation, January 2019
Slide 1: Investor Update for the quarter ended 31st December, 2018
Investor Update For the quarter ended 31st December, 2018 BSE: 523716 | NSE: ASHIANA | BLOOMBERG: ASFI:IN| REUTERS: AHFN.N S | WWW.ASHIANAHOUSING.COM © 2018, ASHIANA HOUSING LIMITED. ALL RIGHTS RESERVED.
Slide 2: Safe Harbor
Safe Harbor Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "p
Slide 3: Glossary
Glossary Saleable Area Total saleable area of the entire project corresponding to 100% economic interest of all parties Projects in respect of which (i) all title, development rights or other interest in the land is held either directly by our Company and/or our Subsidiaries and/or other entities in
Slide 4: Contents
Contents 01 Highlights and Overview 02 Ongoing Projects 03 Financials 04 Future Outlook 05 Annexures © Ashiana Housing Limited, All Rights Reserved. 4
Slide 5: Highlights and Overview
Highlights and Overview 01 Highlights 02 Operational Overview 03 Financial Overview 04 Quarterly Performance 05 Cash Flow Position © Ashiana Housing Limited, All Rights Reserved. 5
Slide 6: Highlights
Highlights ▪ Improvement in booking continued at 2.55 Lakhs Sq. ft.(Q3 FY19). Sales in Q2 FY19 was at 2.62 Lakhs Sq. ft. Sales were at 1.64 Lakhs Sq. ft. (Q3FY18). ▪ Area constructed lower at 1.62 Lakhs Sq. ft. (Q3 FY19) vs 1.97 Lakhs Sq. ft. (Q2 FY19). Area Constructed was 2.02 Lakhs Sq. Ft. (Q3 FY
Slide 7: Highlights
Highlights ▪ Delivered Ashiana Dwarka Phase- II in Jodhpur and Gulmohar Gardens Phase VII and Vrinda Gardens Phase III A in Jaipur ▪ Recognised for Digital Campaign of the year “Behtar Parvarish ka Pata” (related to kids centric homes) by ABP News ▪ Recognised for Real Estate Website of the year by
Slide 8: Quarterly Operational Overview
Quarterly Operational Overview 3.00 ▪ Area booked decreased by 3% compared to 2.62 2.55 2.50 previous quarter and increased by 55% 2.02 1.97 compared to corresponding quarter of 2.00 previous year. In Lakhs Sq. ft. 1.62 1.64 Q3 FY18 1.50 Q2 FY19 ▪ Area Constructed decreased by 18% compared Q3 FY19 1
Slide 9: Quarterly Operational Overview
Quarterly Operational Overview 80 71 71 70 ▪ Pre-Operating Cash Flows of the company 60 positive at INR 3.94 Crores for Q3FY19 vs 50 positive at INR 4.50crores for Q2FY19 40 Q3 FY18 34 Q2 FY19 In Crores 30 Q3 FY19 20 10 5 4 3 -4 -4 2 0 Pre-Tax Operating Cash Flow Profit/(Loss) After Tax Sales and Ot
Slide 10: Quarter wise Performance
Quarter wise Performance (INR Crores) (Lakhs Sq. ft. ) (Lakhs Sq. ft.) (Lakhs Sq. ft.) Particular Value of Area Booked Area Booked Equivalent Area Area Delivered & Recognized for Constructed* Revenue AHL 57.53 1.84 1.08 1.66 FY19 Quarter 3 Partnership 19.39 0.71 0.55 1.65 Total 76.92 2.55 1.62 3.31
Slide 11: Quarterly Sales Trend
Quarterly Sales Trend Project Location FY17 Q4 FY18 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 FY19 Q2 FY19 Q3 AHL Aangan Neemrana Neemrana (1,150) - Anmol Gurgaon 7,745 3,585 9,370 3,825 12,845 15,600 22,950 10,260 Tarang Bhiwadi 5,590 2,768 2,502 2,536 1,384 (2,519) 25,705 Ashiana Town Bhiwadi (2,960) 14,
Slide 12: Project wise Cash Flow Position in Ongoing Projects
Project wise Cash Flow Position in Ongoing Projects Sale Value of Amount Equivalent Area Saleable Area Area Booked Location Project Phases Area Booked Received Constructed (Lakhs Sq. ft.) (Lakhs Sq. ft.) (INR Crores) (INR Crores) (Lakhs Sq. ft.) Ashiana Housing Limited Bhiwadi Nirmay 2 1.17 0.42 13.
Slide 13: Cash Flow Position in Ongoing Projects
Cash Flow Position in Ongoing Projects Sale Value of Amount Equivalent Area Entity Saleable Area Area Booked Area Booked Received Constructed * (Lakhs Sq. ft.) (Lakhs Sq. ft.) (INR Crores) (INR Crores) (Lakhs Sq. ft.) Ashiana Housing Limited 10.18 4.63 181.58 111.45 6.39 Partnership 4.49 2.48 65.14
Slide 14: Ongoing Projects
Ongoing Projects 01 Geographical Presence 02 Ongoing Projects Summary 03 Break up of Area Booked Operational data-Yearly 04 -Quarterly © Ashiana Housing Limited, All Rights Reserved. 14
Slide 15: Geographical Presence
Geographical Presence Saleable Area of Ongoing Projects Bhiwadi 8% Pune 4% Chennai 10% Gujarat 1% Jaipur 48% Gurgaon 28% © Ashiana Housing Limited, All Rights Reserved. 15
Slide 16: Ongoing Projects Summary
Ongoing Projects Summary Saleable Area Area Booked Expected Location Project Phase Economic Interest Project Type Lakhs Sq. ft. Lakhs Sq. ft. Completion Time Bhiwadi Nirmay 2 100% Senior Living 1.17 0.42 Q1FY22 Chennai Shubham 2 73.75% of Revenue Share Senior Living 1.47 0.81 Q4FY21 Gujarat Navrang
Slide 17: Break Up of Area Booked (QoQ)
Break Up of Area Booked (QoQ) Q3 FY19 Q2 FY19 Jodhpur Jodhpur 6% Bhiwadi 5% 16% Bhiwadi 37% Chennai 7% Jaipur Gurgaon 42% 9% Jaipur 63% Chennai Gurgaon Gujarat 9% 4% 2% Q4 FY18 Q1 FY19 Pune Pune Jodhpur 4% Jodhpur 3% 3% 5% Bhiwadi Bhiwadi 22% Jaipur 32% 30% Chennai 6% Jaipur Gurgaon 59% 5% Chennai G
Slide 18: Yearly Operational Data
Yearly Operational Data Particulars Unit FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 Equivalent Area Lakhs Sq. ft. 12.27 17.87 22.80 23.44 17.39 8.16 Constructed* Area Booked Lakhs Sq. ft. 18.65 22.13 18.12 8.63 6.96 6.93 Value of Area Booked INR Lakhs 50,335 64,756 54,772 28,421 22,508 21,736 Average Reali
Slide 19: Quarterly Operational Data
Quarterly Operational Data Particulars Unit Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Equivalent Area Lakhs Sq. ft. 2.40 1.87 2.02 1.87 1.63 1.97 1.62 Constructed* Area Booked Lakhs Sq. ft. 1.51 1.57 1.64 2.21 2.80 2.62 2.55 Value of Area Booked INR Lakhs 4,872 4,599 5,160 7,105 8,711
Slide 20: Financials
Financials 01 Financial Summary YoY 02 Financial Summary QoQ © Ashiana Housing Limited, All Rights Reserved. 20
Slide 21: Financial Summary YoY (Consolidated)
Financial Summary YoY (Consolidated) Particulars Unit FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 Sales & Other Income INR Crores 248.98 161.42 122.80 164.44 542.67 397.02 334.92 Operating Expenditure INR Crores 159.30 113.75 90.91 105.42 385.47 291.00 266.92 EBITDA INR Crores 89.67 47.67 31.89 59.02
Slide 22: Financial Summary QoQ (Consolidated)
Financial Summary QoQ (Consolidated) Particulars Unit Q4FY17 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 INR Sales & Other Income 193.98 77.66 116.01 34.21 107.04 141.55 71.39 70.88 Crores INR Operating Expenditure 141.06 67.82 78.27 35.18 85.65 111.08 63.10 59.96 Crores INR EBITDA 53.81 9.84 3
Slide 23: Future Outlook
Future Outlook 01 Future Projects Summary Land available for Future 02 Development Completed Projects having 03 Inventory © Ashiana Housing Limited, All Rights Reserved. 23
Slide 24: Future Projects Summary
Future Projects Summary Saleable Area Location Project Phase Economic Interest (Lakhs Sq. ft.) Bhiwadi Tarang 2,3 & 4 100% 9.32 Bhiwadi Ashiana Gamma 1 100% 18.45 Bhiwadi Nirmay 3,4 & 5 100% 4.77 Jaipur Gulmohar Gardens 4 50% of Profit Share 0.74 Jaipur Vrinda Gardens 4&5 50% of Profit Share 4.81 Gu
Slide 25: Land available for Future Development
Land available for Future Development Estimated Land Estimated Saleable Location Land Proposed Development Area (Acres) Area (Lakhs Sq. ft) Bhiwadi Milakpur Land 40.63 31.00 Comfort Homes/ Senior Living Jaipur Ashiana Amantran 8.84 9.00 Comfort Homes/ Senior Living Jaipur Ashiana Daksh 6.67 6.15 Com
Slide 26: Completed Projects having Inventory
Completed Projects having Inventory Total Area Booked Booked Area Unbooked Saleable and Area Recognised for Area Location Project Phase Share in Project Type Area Unrecognised (Lakhs Revenue (Lakhs Sq. (Lakhs Sq. for Revenue Sq. ft.) (Lakhs Sq. ft.) ft.) ft.) (Lakhs Sq. ft.) Bhiwadi Nirmay 1 100% Se
Slide 27: Shareholding Pattern as on 31st December, 2018
Shareholding Pattern as on 31st December, 2018 Shareholding Pattern Institutional Holding above 1% No. of % Rank Fund / Institution Shares Holding Others 30% ICICI Prudential Equity 1 51,09,790 4.99% & Debt Fund 2 SBI Small Cap Fund 20,62,22 2.01% 2% 61% FII & FPI 7% MF & Promoter & Financial Promot
Slide 28: Contact investorrelations@ashianahousing.com
For Any investorrelations@ashianahousing.com Queries, Contact +91 11 4265 4265 Regd. Office: 11G Everest, 46/C, Chowringhee Road, Kolkata - 700 071. West Bengal, India. Ph: 033-4037860 Head Office: 304, Southern Park, Saket District Centre, Saket, New Delhi – 110017 Ph : 011-4265 4265 © 2018 Ashiana
Slide 29: Annexure
Annexure 01 About Ashiana 02 Business Model 03 Accolades 04 Abbreviations © Ashiana Housing Limited, All Rights Reserved. 29
Slide 30: About Ashiana
About Ashiana Incorporation / ▪ 1979 in Patna, New Delhi Headquarters Industry ▪ Real Estate with focus on residential apartments Business ▪ Comfort Homes & Senior Living Segments Areas of ▪ Jaipur, Bhiwadi, Jodhpur, Jamshedpur, Neemrana, South Operation of Gurgaon(Sohna), Lavasa, Halol, Chennai and
Slide 31: Business Model
Business Model ▪ In house end-to-end construction capabilities – Ensure higher control over cost and quality High quality in-house and flexibility in execution construction ▪ Focus on use of high quality and efficient construction methodologies & techniques to help reduce time and cost ▪ Instead of
Slide 32: Accolades
Accolades © Ashiana Housing Limited, All Rights Reserved. * The above rank has been given by Track2Reality 32
Slide 33: Abbreviations
Abbreviations ▪ Sq. ft.: Square Feet ▪ EAC: Equivalent Area Constructed ▪ PAT : Profit after Tax © Ashiana Housing Limited, All Rights Reserved. 33