Ganesh Housing Limited · NSE:GANESHHOU
Ganesh Housing — Q3 FY22 Earnings Presentation
27 slides from Ganesh Housing's earnings presentation, Jan 12, 2022
Slide 1: Exchange cover letter on earnings conference call
GANESH -= ~.P.Y,§ttffi IC ISO 9001 :2008 I ISO 14001 :2004 OHSAS 180 01 :2007 REF.NO./GHCL/AHMD/2021-2022/363A DATE: JANUARY 12, 2022 To To BSE Limited National Stock Exchange of India Ltd. Corporate Relation Department Exchange Plaza, Phiroze Jeejeebhoy Towers Plot No. C/1, G Block Dalal Street, Ba
Slide 2: Invitation to Q3FY22 Earnings Conference Call
0 Go India Ad. \llsors Unbiased ond Bolonced GANESH HOUSING CORPORATION LIMITED Cordially Invites You for Q3FY22 Earnings Conference Call Thursday, 13th January 2022 at 12:00 PM IST Conference Dial In: +91 22 6280 1557 +91 22 7115 8383 International Toll-Free Numbers: Hong Kong: 800 964 448 Singapor
Slide 3: Q3FY22 Earnings Presentation
GANESH HOUSING Q3FY22 EARNINGS P R E S E N TAT I O N
Slide 4: 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 5: PE paren a
: | Te | PE paren a ——_ — =—
Slide 6: Q3FY22: Key Business Highlights
Q3FY22 : Key Business Highlights Continues to show healthy Value of sales stood at Collections stood at INR bookings-1,76,061 sqft ~ - o:- 465mn in Q3FY22 r0dldl INR 662mn, in Q3FY22 across 4 projects in Q3FY22 External debt brought down Debt/Equity at 0.3x ending Strong Cashflow visibility, to INR
Slide 7: Q3FY22: Strong Financial Performance
Q3FY22 : Strong Financial Performance Particulars (INR Q3FY22 Q3FY21 YoY (%) Q2FY22 QoQ(%) 9MFY22 9MFY21 YoY (%) mn) Revenue 761 678 12% 739 3% 2,293 833 175% EBITDA 322 (148) 318% 298 8% 830 (635) 231% EBITDA Margin (%) 42.3% (21.8%) 64.1% 40.3% 2.0% 36.2% (76.2%) 112.4% PBT 247 (346) 171% 198 25%
Slide 8: Corporate Presentation
C O R P O R A T E P R E S E N T A T I O N
Slide 9: Snapshot: A Leading Real Estate Developer in Gujarat
Snapshot : A Leading Real Estate Developer in Gujarat ,f.i ·.\·- - - - - - - - - - - - - - - - - - - - - - - ~ - - - - - - - ................ Premium Ahmedabad focused developer with strong & differentiated brand that allows leadership position Proven ability to predict growth areas and establish pr
Slide 10: Vision and Mission
Vision and Mission Content Here I VISION Easy to change colors, photos and Text. 52% MISSION “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 11: Our Journey So Far
Our Journey So Far Early Phase & IPO (1991-2004) ) Fund Raising (2004-2009) ) Robust Execution (2009-2014) ) Scaling Up… (2014-2020) • Bonus issue 2:1 (2006) • Delivered 17 msf. • Highest ever cash flow of INR 2,800 Mn; crossed • NSE listing in 2007. • Turnover of more than INR turnover of INR 3,000
Slide 12: 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 GANESH~ Timely Delivery Auto
Slide 13: 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 Around 20 2 6 Residential - 16 Residential - 4 Type of projects Residential – 2 Commercial – 4 Commercial – 2 Area in msf 22 0.8 7.36 Actual/Exp. Completion Date Till now Feb’21 - J
Slide 14: Roadmap To Growth
Roadmap To Growth Saleable Area Expected Expected Project Location Land Area (acre) (msft) Sale/lease per sqft Completion RESIDENTIAL PROJECTS Malabar County 3 Prime Location on SG Highway 1.9 0.4 3,300 Mar-23 Malabar Exotica (4) Prime Location on SG Highway 1.9 0.4 3,600 July-24 Malabar Retreat (5)
Slide 15: Strategic Priorities
Strategic Priorities Being more aggressive towards both commercial and retail Strengthenin Building a team for the future, Building segment, widen customer base g Position focused approach towards Internal across price points and locations team reorganization and reorientation Organization Retaining
Slide 16: 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 17: Investment Thesis
I N V E S T M E N T T H E S I S
Slide 18: Key Investment Highlights
Key Investment Highlights 1 • Well Established Brand; Strong Transparency 2 • Proven Execution Track Record; Superior Planning 3 • Well Positioned in Growing Real Estate Market of Ahmedabad 4 • Robust pipeline of ongoing and new projects; Strong Revenue Visibility 5 • Balance Sheet Strengthening 6 •
Slide 19: Well Established Brand; Strong Transparency
1 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 conve
Slide 20: Proven Execution Track Record
2 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 I identified and construction made in less than completed in two start one year towers
Slide 21: Real Estate Market Outlook
3A Real Estate Market Outlook Residential and commercial sector growth • Rapid urbanisation and white collar migration • ‘Housing for all’ and ‘Affordable housing’ Suburban cities gaining traction • Markets like Ahmedabad, Pune, Chennai, Hyderabad, and Bangalore have seen a steady rise in demand
Slide 22: Ahmedabad: A Key Real Estate Hub in Gujarat
3B Ahmedabad: A Key Real Estate Hub in Gujarat Key Market of Gujarat Highly Affordable Ahmedabad Residential Real Estate Market Launches Sales Ahmedabad attracts around 40% of In 2021, Ahmedabad emerged as the most total real estate investment in affordable housing market in India, among its 10,000
Slide 23: Significant Land Reserves for Future Growth
3C Significant Land Reserves for Future Growth ~500 acres of land reserves in strategic locations across Ahmedabad 36 msf of development potential Ability to take advantage of favourable market conditions by launching projects quickly without having to acquire land Rationalize land reserves
Slide 24: Robust Pipeline of Ongoing and New Projects
4 Robust Pipeline of Ongoing and New Projects Launch within 6-12 month Launch within 12-24 month Launch within 24-36 month Large and diversified upcoming portfolio for Expected Sales Value/ balanced cash flow Capitalized Value (INR mn) Saleable/Leasable Area-msft Ongoing/upcoming projects in key
Slide 25: Balance Sheet Strengthening
5 Balance Sheet Strengthening On track to deleverage further and optimize costs through structured deals; significant debt reduction happened during past 2 years when the company was facing challenges and real estate sector was also in turmoil. l.,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Slide 26: Strong Leadership Team
6 Strong Leadership Team Dipak Kumar Patel - Chairman Shekhar Patel - MD Pankaj Teraiya – President Associated with GHCL since 1991; Veteran with an experience of over (Projects) 01 leading the land related matters and 02 25 years; leading day to day 03 BE Civil with an experience of over 27 govt. l
Slide 27: Thank You
THANK YOU