Ajmera Realty & Infra India Ltd · NSE:AJMERA
Ajmera Realty & Infra India — Q3 FY23 Earnings Presentation
36 slides from Ajmera Realty & Infra India's earnings presentation, Jan 30, 2023
Slide 1: Exchange filing cover letter for investor presentation
Ref: SEC/ARIIL/BSE-NSE/2022-23 Date: January 30, 2023 The Bombay Stock Exchange Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers 5th Floor, Exchange Plaza, Dalal Street Bandra Kurla Complex Bandra(East) Mumbai – 400 001 Mumbai-400051 Script Code : 513349 Script Code : AJMER
Slide 2: Investor Presentation Q3 FY23
FY 2023 Ajmera Realty & Infra India Limited INVESTOR PRESENTATION Q3 FY23 www.ajmera.com
Slide 3: Disclaimer
Q3 FY23 DISCLAIMER The information in this presentation contains certain the ability to implement our growth, expansion plans & forward-looking statements. These include statements strategy; fluctuations in currency exchange rates; regarding the intent, plans, objectives, goals, strategies, changes
Slide 4: Performance & Operations Business Updates
Q3 FY23 FY 2023 PERFORMANCE & OPERATIONS BUSINESS UPDATES Making Strides
Slide 5: Key Business Highlights – 9M FY23
Q3 FY23 Key Business Highlights – 9M FY23 ~INR 701 Cr ~INR 429 Cr Sales Value Collections 126% YoY Increase 42% YoY Increase ~INR 56 Cr ~INR 38 Cr 17% PAT Margin ~5% Debt Reduction on QoQ basis Surpassing FY22 INR 788 Cr of Debt as on Q3 FY23 PAT Margin accelerated by 88% 3,01,010 Sq. ft Ajmera Priv
Slide 6: Performance Highlights – 9M FY23
Q3 FY23 Performance Highlights – 9M FY23 Financial Highlights Operational Highlights TOTAL REVENUE (INR Cr) EBIDTA (INR Cr) & SALES VOLUME (Sq. ft.) SALES VALUE (INR Cr) EBIDTA MARGIN (%) 701 323 3,01,010 99 305 80 31% 1,77,749 26% 69% 310 126% 6% 24% 9M FY22 9M FY23 9M FY22 9M FY23 9M FY22 9M FY23
Slide 7: Financial Highlights – Q3 FY23
Q3 FY23 Financial Highlights – Q3 FY23 EBIDTA (INR Cr) & TOTAL REVENUE (INR Cr) EBIDTA MARGIN (%) Steady Financial Performance 187 58 15% YoY increase in Total Revenue 81 70 21 23 11% YoY increase in EBIDTA 30% 31% 29% 19% YoY increase in PBT Q3 FY22 Q2 FY23 Q3 FY23 Q3 FY22 Q2 FY23 Q3 FY23 10% YoY i
Slide 8: Operational Highlights – Q3 FY23
Q3 FY23 Operational Highlights – Q3 FY23 SALES VALUE (INR Cr) SALES VOLUME (Sq. ft.) Steady Operational Performance 166 79,976 128 62,285 63,595 108 Premium residences, Ajmera Prive at Juhu launched during the quarter 19% YoY increase in Sales Value Q3 FY22 Q2 FY23 Q3 FY23 Q3 FY22 Q2 FY23 Q3 FY23 40
Slide 9: Project Sales & Collections – Q3 & 9M FY23
Q3 FY23 Project Sales & Collections – Q3 & 9M FY23 Q3 FY23 9M FY23 Carpet Area Sales Value Realisation Collections Carpet Area Sales Value Realisation Collections Project Location Sold (Sq. ft.) (INR Cr) (INR/Sq. ft.) (INR Cr) Sold (Sq. ft.) (INR Cr) (INR/Sq. ft.) (INR Cr) Aeon, Zeon, Treon Mumbai 4
Slide 10: Portfolio & Industry Update
Q3 FY23 FY 2023 PORTFOLIO & INDUSTRY UPDATE Making Strides
Slide 11: Micro Market Presence
Q3 FY23 Micro Market Presence Completed Destinations Under Development Destinations Future Launches - FY23 & FY24 Ajmera Lugaano Yelahanka Future Development Potential Ajmera Florenza Ajmera Prive Ajmera Juhu Sikova Ghatkopar Ajmera Manhattan Wadala Ajmera Greenfinity Ajmera Electronic City Nucleus
Slide 12: Wadala – Product Offerings
Q3 FY23 Wadala – Product Offerings Across Mid Market and Compact Luxury AEON, ZEON, TREON READY TO MOVE IN GREENFINITY MID MARKET MANHATTAN COMPACT LUXURY 11
Slide 13: Ajmera Manhattan
Q3 FY23 Compact Luxury Project Ajmera Manhattan 526 Cr Uninterrupted Concrete pouring OF SALES BOOKED for 30 hours* ~37% INR 132 Cr of Inventory Sold of Revenue Recognised * The foundation work of the project was completed recently and during the process, concrete pouring was Foundation Work Complet
Slide 14: Ajmera Greenfinity
Q3 FY23 Mid Market Project Ajmera Greenfinity 147 Cr Completion estimated by Q1 FY24 OF SALES BOOKED ~76% INR 120 Cr of Inventory Sold of Revenue Recognised * Fast paced construction activity helped achieve milestone with Super structure completion in just 13 Finishing & MEP - WIP months and gearing
Slide 15: Ajmera Sikova
Q3 FY23 Boutique Commercial Project Ajmera Sikova 187 Cr Completion estimated by Q1 FY24 OF SALES BOOKED inspite Covid-19 ~77% INR 117 Cr of Inventory Sold of Revenue Recognised * Execution capabilities enhanced by nearing to completion of project by Q1 FY24 Finishing & MEP - WIP 14
Slide 16: Ajmera Prive
Q3 FY23 Premium Residences in upscale Juhu Ajmera Prive 16 Cr Approvals OF SALES BOOKED Received: Commencement Certificate & RERA ~10% Redevelopment project of Inventory Sold Embarking a new locale with asset light model UNITS SIZE 3 BHK 1211 Sq. ft. 4 BHK 1733 / 2078 Sq. ft. Foundation Work in Prog
Slide 17: Ajmera Nucleus
Q3 FY23 Mid Market Project Ajmera Nucleus 200 Cr OC Received for Residential AB & OF RESIDENTIAL Commercial SALES BOOKED ~84% of Residential INR 177 Cr of Revenue Recognised Inventory Sold Nucleus C - Under Construction 16
Slide 18: Ajmera Lugaano & Florenza
Q3 FY23 Affordable Project Ajmera Lugaano & Florenza 17
Slide 19: Project Portfolio
Q3 FY23 Project Portfolio Revenue Revenue Estimated Value Total Carpet Carpet Area Carpet Area Project Ownership Recognised Unrecognised Of Unsold Area Project Status Area (Sq. ft.) Sold (Sq. ft.) Unsold (Sq. ft.) (INR Cr) (INR Cr) (INR Cr) Aeon, Zeon, 100% 958,348 944,914 2,168 - 13,434 31 OC Recei
Slide 20: Future Launches
Q3 FY23 Future Launches POTENTIAL LAUNCHES IN FY23 & FY24 Estimated Estimated Estimated Estimated Project Location ProjectType Ownership % Launch Completion Revenue CarpetArea (Month, Year) (Month, Year) (INR Cr) (Sq.ft) Codename Ghatkopar Mumbai Residential 100% Mar 23 Mar 25 250 95,000 Central Mum
Slide 21: Revenue Recognition – Strong Revenue Visibility
Q3 FY23 FY 2023 REVENUE RECOGNITION STRONG REVENUE VISIBILITY Making Strides
Slide 22: Revenue Visibility – OC Received Projects
Q3 FY23 Revenue Visibility OC Received Projects Total Carpet Sales Book as on Revenue Balance Revenue Unsold Carpet Estimated Revenue Projects Area Sold 31 Dec 2022 Recognised Recognition Area Sale value Potential (Sq. ft.) (INR Cr) (INR Cr) (INR Cr) (Sq. ft.) (INR Cr) (INR Cr) (i) (ii) (iii) (iv) (
Slide 23: Revenue Visibility – Advance Stage Projects
Q3 FY23 Revenue Visibility Advance Stage Projects Completion Total Carpet Sales Book as on Revenue Balance Revenue Unsold Estimated Revenue Projects as on Area Sold 31 Dec 2022 Recognised Recognition Carpet Area Sale value Potential 31 Dec 2022 (Sq. ft.) (INR Cr) (INR Cr) (INR Cr) (Sq. ft.) (INR Cr)
Slide 24: Revenue Visibility – Mid Stage Projects
Q3 FY23 Revenue Visibilty Mid Stage Projects Completion Total Carpet Sales Book as Revenue Balance Revenue Unsold Estimated Revenue Projects as on Area Sold on 31 Dec 2022 Recognised Recognition Carpet Area Sale value Potential 31 Dec 2022 (Sq. ft.) (INR Cr) (INR Cr) (INR Cr) (Sq. ft.) (INR Cr) (INR
Slide 25: Revenue Visibility – Total Revenue Potential
Q3 FY23 Revenue Visibility OC Received Projects Advance Stage Projects Mid Stage Projects (Aeon, Zeon, Treon, Nucleus AB & Commercial) (Sikova, Greenfinity & Nucleus C) (Manhattan, Lugaano, Florenza & Prive) - INR 141 Cr INR 120 Cr INR 137 Cr INR 452 Cr INR 1,269 Cr Revenue to be recognised Sales re
Slide 26: 5X Road Map – Implementing Growth Strategy
Q3 FY23 5X ROAD MAP – Implementing Growth Strategy Active evaluation of Unlocking potential Focus on execution & Maximising overall asset light JV/ JDA & DM of land bank timely project completion customer experience partnership structures Land Bank AJMERA GREENFINITY AJMERA PRIVE AJMERA MANHATTAN Po
Slide 27: ESG
Q3 FY23 FY 2023 ESG ENVIRONMENT | SOCIAL | GOVERNANCE Making Strides
Slide 28: ESG – Environmental Initiatives & Recognition
Q3 FY23 ESG – Environmental Initiatives & Recognition Certified Green Building Product Design & Lifecycle Management • Energy Efficient Building design, with more emphasis on ventilation and light. • Rainwater harvesting mandatorily available at each projects • Socially responsible of carrying out r
Slide 29: ESG – Social Initiatives
Q3 FY23 ESG – Social Initiatives Mumbai Mobile Creches Facility at Wadala Site Education sponsorship for Tribal Students through Malvi Trust Supporting rejuvenation of 9 Women Empowerment School Fees sponsorship for Financial Assistance to under privileged lakes under Participatory Water Company fol
Slide 30: ESG – Governance
Q3 FY23 ESG – Governance Some of our Policies for Strong Governance Practices Effective governance • Code of Insider Trading Policy Board consists of professionals from diverse fields • Policy on Preservation of Documents • Archival Policy SEBI Compliant, Regular and • Dividend Distribution Policy t
Slide 31: Governance – Esteemed Board Of Directors
Q3 FY23 Governance – Esteemed Board Of Directors Rajnikant S. Ajmera A. C. Patel Chairman & MD Independent Director • Aged 77, is a Metallurgical Engineer from IISC, Bengaluru • Aged 68, is the pillar and guiding force behind the (batch of 1969). growth of Ajmera Group • Also serves as an Independen
Slide 32: Governance – Leadership Group
Q3 FY23 Governance – Leadership Group Dhaval Ajmera Shweta Rathor Director GM Human Resources As director, Dhaval's primary role within the group is leading company With over 18 years of experience, Shweta leads developing and strategy, operations and project coordination. With Dhaval at the impleme
Slide 33: Shareholding & Price Movement
Q3 FY23 Shareholding & Price Movement Shareholder Information as SHARE PRICE PERFORMANCE on 31st Dec 2022 BSE Ticker 513349 NSE Symbol AJMERA Market Cap* (in INR Cr) 997 Promoter holding % 69.73% 158% % Free-Float 30.27% 22% Free-Float Market Cap* (in INR Cr) 229 29% Shares Outstanding (in Cr) 3.55
Slide 34: Financial Results Summary
Q3 FY23 FY 2023 FINANCIAL RESULTS SUMMARY Making Strides
Slide 35: Consolidated Financial Summary – Q3 & 9M FY23
Q3 FY23 Consolidated Financial Summary – Q3 & 9MFY23 Profit & Loss Statement Particulars Q3 FY23 Q3 FY22 YoY Q2 FY23 QoQ 9M FY23 9M FY22 YoY (INR Cr ) Revenue From Operations 79.1 69.1 14% 185.5 (57%) 316.9 302.2 5% Other Income 1.5 1.1 40% 1.7 (10%) 6.0 3.3 80% Total Income 80.6 70.1 15% 187.1 (57%
Slide 36: Thank You
THANK YOU Ajmera Realty & Infra India Limited Contact Info: E-mail: ir@ajmera.com Registered Office: Ajmera Realty & Infra India Ltd , 2nd Floor, Citi Mall, Andheri Link Road, Andheri (West), Mumbai - 400053 Phone: 022 - 6698 4000 Presentation Design by Chimpzlab CIN No.: L27104MH1985PLC035659 Websi
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