Arvind Smartspaces Ltd. · NSE:ARVSMART
Arvind Smartspaces — Q3 FY2022 Earnings Presentation
63 slides from Arvind Smartspaces's earnings presentation, Jan 28, 2022
Slide 1: Information Update – Q3FY22
Arvind SmartSpaces Information Update – Q3FY22 January 28, 2022
Slide 2: About the Company
About the Company
Slide 3: Company Overview
Overview | Arvind Smartspaces Company Overview Corporate developer with a Robust governance & Part of Lalbhai Group with a strong trusted consumer experienced professional 120 year legacy, listed in 2015 brand, benefiting from management, learnings in post demerger from Arvind Ltd consolidation post
Slide 4: The Journey so far
The Journey so far Preferential issue of Rs. 85 Cr to HDFC Capital Advisors (8.8% on fully 2021 diluted basis) and Promoters 2021 In April 2021, preferential issue of 7.4% equity to MD & CEO 2021 Sales crosses Rs. 500 Cr+ mark inspite of Covid-19 disruption 2020 Commencement of our first project und
Slide 5: Our Business - Overview
Our Business - Overview Focus on Residential Real Estate Project Pipeline (Mn Sq. Ft.) Project classification 6.6 25.4 (ongoing and planned) 6% 14.9 22% 3% Dec 2021 97% 71% 3.8 Residential Commercial Luxury Mid-market Affordable Multiple Land Sourcing Models Completed Ongoing Planned * Total 17% 29%
Slide 6: Strong Corporate Governance
Strong Corporate Governance Board of Directors Mr. Sanjay S. Lalbhai Mr. Kulin S. Lalbhai Mr. Pratul Shroff Mr. Kamal Singal Chairman & Non-Executive Managing Director & CEO Non-Executive Director Independent Director Director & Promoter Ms. Pallavi Vyas Mr. Vipul Roongta Mr. Nirav Shah Mr. Prem Pra
Slide 7: Strategic partnership with HDFC Capital Advisors
Strategic partnership with HDFC Strategic Partnership With HDFC Capital Advisors 1 80/20 venture between Company and H-CARE with SPV entity for mid-market/affordable housing development in 2019 2 Platform Investment done by H-CARE-I, First project acquired at Bangalore 3 Provides patient capital to
Slide 8: Strategic Pillars of Growth
Strategic Pillars of Growth 1 2 3 4 5 Asset light Balanced Risk Innovation Customer Centricity Systems & Processes Profile 1 Land as Raw Material, no Land Banking, Process Industry approach 2 Focus on efficient cash flow management and low leverage, Focussed market and geography strategy 3 Product I
Slide 9: Company SWOT
Company SWOT Strengths Opportunities • Strong established brand • Industry consolidation • Robust governance framework • Historic high in residential affordability • Product innovation & execution track • Pandemic driven shift in consumer record preference (larger, horizontal and • Diversified resid
Slide 10: Competitive Advantage
Competitive Advantage Efficient And Competitive Land • Created Joint Development models Sourcing • Competitive land sourcing Successful Partnership – Long • Uplands, High Grove, Arvind B Safal, Tata Value Housing (now under execution by Arvind Ltd.) are Term Value Creation examples of successful par
Slide 11: Financial Highlights
Financial Highlights Fresh Sales (Rs Cr) Revenue (Rs Cr) 529 299 262 198 277 286 159 149 115 87 91 113 73 FY16 FY17 FY18 FY19 FY20 FY21 FY15 FY16 FY17 FY18 FY19 FY20 FY21 EBITDA (Rs Cr) PAT (Rs Cr) 89 39 68 61 30 31 44 41 20 35 17 25 11 9 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY15 FY16 FY17 FY18 FY19 F
Slide 12: Looking Ahead
Looking Ahead Near Term Business Plan Judicious mix of long Medium term focus on Limited geographical term value creation – Continued focus on land oriented horizontal expansion - focus on through creation of residential segment development with low deeper penetration in destination in larger land w
Slide 13: Q3FY22 Update
Q3FY22 Update
Slide 14: Key Updates – Q3FY22: Fresh Sales
Key Updates – Q3FY22 Fresh Sales – Q3 • Q3FY22 Rs. 158 Cr vs Rs. 144 Cr in Q3FY21 (10% Growth) Fresh Sales 200 184 156 158 150 144 110 100 50 22 - Q1 Q2 Q3 PY CY
Slide 15: Key Updates – YTD Dec FY22
Key Updates – YTD Dec FY22 Fresh Sales • YTD Dec FY22 Rs. 451 Cr vs Rs. 322 Cr in YTD Dec FY21 (40% Growth) – YTD Dec Fresh Sales Rs. Cr Fresh Sales Trend (Rs. Cr) 600 500 529 451 500 451 400 322 400 300 PY 300 277 286 200 CY 200 100 113 73 91 100 - 0 YTD Dec FY16 FY17 FY18 FY19 FY20 FY21 9M FY22
Slide 16: Key Updates – Unrecognised Revenue
Key Updates – Q3FY22 Unrecognised • Rs. 1035 Cr as on December 31, 2021 vs Rs. 641 Cr as on December 31, 2020 Revenue Unrecognized Revenue (INR Cr.) 1,200 1,035 1,000 800 762 641 600 400 200 - As on 31 Dec 20 As on 31 Mar 21 As on 31 Dec 21
Slide 17: Key Updates – Collections and Net Interest Bearing Funds
Key Updates – Q3FY22 • Strong collections ~Rs. 154 Cr during Q3FY22 vs Rs. 105 Cr in Q3FY21 and Collections ~ Rs. 434 Cr during YTD Dec FY22 vs. 192 Rs. Cr Net Interest bearing funds as on Dec 31, 2021 is Rs. -85 Cr (vs Dec-20 Rs. 197Cr) Net Debt reduction by Rs. 111 Cr during Q3 (including Equity f
Slide 18: Investment in New Project at Bhugaon, Pune
Investment in New Project at Bhugaon, Pune Overview: • Signed a binding agreement for a 35 acre land parcel located in Bhugaon, Pune (West) • This is our second deal in Pune and our first horizontal development in the city • The deal is signed on an outright basis with an expected closure on or befo
Slide 19: Key Updates – Project Pipeline
Key Updates – Q3FY22 • Completed 3.2 mn sq ft, Ongoing 14.9 mn sq ft and Planned 6.6 mn sq ft; Projects Pipeline • Total 25.4 mn sq ft Project Pipeline (mn Sq ft) 30.0 25.4 25.0 23.9 22.1 22.8 5.1 6.6 20.0 5.0 4.8 15.0 10.0 13.2 14.2 14.9 14.9 5.0 3.8 3.8 3.8 3.8 - Mar-20 Mar-21 Sep-21 Current Compl
Slide 20: Key Updates
Key Updates • Strong Sales momentum continues Sales and New Launches • Forreste – total 7.7 lacs sq ft area added with Phase 4 during the Nine Months • Chirping Woods launched with freshness hit the market consisting of 6.3 lacs sq ft area • Till date completed and handed over 10 projects measuring
Slide 21: Consolidated Financials – Q3FY22
Consolidated Financials – Q3FY22 Revenue EBITDA PBT PAT Rs. 42.9 Cr during Rs. 12.0 Cr during Rs. 9.3 Cr during Rs. 5.9 Cr during Q3 FY22 as against Q3 FY22 as against Q3 FY22 as against Q3 FY22 as against Rs. 44.5 Cr in Rs. 14.4 Cr in Rs. 7.7 Cr in Rs. 5.0 Cr in Q3FY21 Q3FY21 Q3FY21 Q3FY21 Revenue
Slide 22: Consolidated Financials – YTD Dec FY22
Consolidated Financials – YTD Dec FY22 Revenue EBITDA PBT PAT Rs. 95.6 Cr during Rs. 27.0 Cr during Rs. 15.7 Cr during Rs. 11.1 Cr during YTD Dec FY22 as YTD Dec FY22 as YTD Dec FY22 as YTD Dec FY22 as against Rs. 84.8 Cr against Rs. 25.7 Cr against Rs. 5.1 Cr against Rs. 2.2 Cr in YTD Dec FY21 in Y
Slide 23: Fresh Bookings – Q3 FY22
Fresh Bookings – Q3 FY22 Q3FY21 Q3FY22 Project wise Rs. Cr Rs. Cr Uplands 16 46 High Grove 52 6 Chirping Woods - 5 Forreste 23 40 Skylands 24 4 Belair 13 19 Oasis 5 18 The Edge 1 2 Aavishkaar 7 12 Elan 4 6 Other Completed Projects (0) - Total 144 158 Collections during Q3FY22 amounts to Rs. 154 Cr v
Slide 24: Fresh Bookings – YTD Dec FY22
Fresh Bookings – YTD Dec FY22 Fresh bookings Rs. Cr YTD Dec FY21 YTD Dec FY22 600 Project wise 529 Rs. Cr Rs. Cr 500 Uplands 25 164 CAGR 49% 400 High Grove 108 16 277 286 300 Chirping Woods - 41 200 Forreste 83 94 113 73 91 Skylands 42 25 100 Belair 34 41 0 FY16 FY17 FY18 FY19 FY20 FY21 Oasis 15 40
Slide 25: Financial Performance
Financial Performance Q3 FY22 YTD Dec FY22 Q3 FY22 (Rs. Cr) YTD Dec FY22 (Rs. Cr) Particulars Particulars PY CY Growth % PY CY Growth % Revenue 44.5 42.9 -3% Revenue 84.8 95.6 13% EBITDA 14.4 12.0 -17% EBITDA 25.7 27.0 5% EBITDA % 32% 28% EBITDA % 30% 28% Finance Cost 6.7 4.4 -35% Finance Cost 20.5
Slide 26: Debt Profile and Lenders
Debt Profile and Lenders Amount in Rs. Cr 31-Mar-2021 30-Sept-2021 31-Dec-2021 Gross Debt* 177 96 27 Net Interest bearing funds 138 26 (85) Net Interest bearing funds to Equity 0.46 0.08 (0.21) ▪ Net Interest bearing funds comes down by Rs. 111 Cr in a quarter (including proceeds from Equity issuanc
Slide 27: Shareholding Pattern (%)
Shareholding Pattern (%) Category 30-Jun-2021 30-Sept-2021 31-Dec-2021 Promoter and 56.88% 56.88% 54.34% 43.06%, Public Promoter Group Foreign Institutional 0.05% 0.05% 0.03% Investors(FIIs) 56.88%, Alternate Investment 0.00% 0.00% 9.51% Promoter and Funds Promoter 0.00%, Insurance Companies 0.31% 0
Slide 28: Completed Projects
Completed Projects Skylands Sporcia Expansia Alcove 4.9 Lakh Sq. Ft. 5.0 Lakh Sq. Ft. 1.4 Lakh Sq. Ft. 10.3 Lakh Sq. Ft. Megatrade MegaEstate MegaPark Citadel 0.8 Lakh Sq. Ft. 0.6 Lakh Sq. Ft. 5.0 Lakh Sq. Ft. 1.0 Lakh Sq. Ft.
Slide 29: Ongoing Projects
Ongoing Projects 56.0 Lakh Sq. Ft. ~58 Lakh Sq. Ft. ~50 Lakh Sq. Ft. 5.5 Lakh Sq. Ft. 1.3 Lakh Sq. Ft. 4.7 Lakh Sq. Ft. 1.7 Lakh Sq. Ft. 5.5 Lakh Sq. Ft.
Slide 30: Quarterly Synopsis
Quarterly Synopsis Amount Revenue Area Booked Units Booked Sales Value Projects Collected in Q3 Recognized in Q3 in Q3 FY22 in Q3 FY22 for Q3 FY22 FY22 FY22 (sq ft.) (nos.) (Rs. Lac) (Rs. Lac) (Rs. Lac) Skylands 6,342 6 388 913 971 Uplands ONE 65,520 4 1,576 2,537 2,608 Oasis 32,271 26 1,803 1,489 -
Slide 31: YTD Dec FY22 Synopsis
YTD Dec FY22 Synopsis Amount Revenue Area Booked Units Booked Sales Value for Collected in Recognized in Projects in YTD FY22 in YTD FY22 YTD FY22 YTD FY22 YTD FY22 (sq ft.) (nos.) (Rs. Lac) (Rs. Lac) (Rs. Lac) Skylands 37,006 35 2,490 3,987 4,293 Uplands ONE 1,74,825 11 4,723 6,663 3,560 Oasis 72,9
Slide 32: Total Saleable Area - Overview
Total Saleable Area - Overview Status Type Total Saleable Area (Sq. Ft.) A. Completed Residential 3,182,980 Commercial 82,526 Industrial 560,402 A. Completed Total 3,825,908 B. Ongoing Residential 14,776,199 Commercial 168,224 B. Ongoing Total 14,944,423 C. Planned Residential 6,641,062 Grand Total
Slide 33: Project Details
Project Details Estimated Status City Project Type Structure Economic Interest Total Completion Date A. Completed Ahmedabad Alcove Residential Owned 100% Complete 1,032,660 Citadel Residential Owned 100% Complete 101,859 Megaestate Industrial Owned 100% Complete 59,180 Megapark Industrial JD 100% Co
Slide 34: Completed Projects
Completed Projects Average Booking Revenue Total Saleable Booked Unsold Collections Price (Price Project Value Recognized (Sqft) (Sqft) Inventory (Sqft) (Rs Cr) till date) (Rs Cr) (Rs. Cr) Rs. / Sq ft Alcove 1,032,660 984,150 48,510 25 25 25 251 Citadel 101,859 101,859 0 55 55 55 5,407 Expansia 140,
Slide 35: Ongoing Projects
Ongoing Projects Booking Revenue Average Price Total Saleable Booked Unsold Inventory Collections Project Value Recognized (Price till date) (Sqft) (Sqft) (Sqft) (Rs Cr) (Rs Cr) (Rs. Cr) Rs. / Sq ft Aavishkar 545,524 340,372 205,152 90 - 50 2,636 Belair 469,620 165,236 304,384 92 - 30 5,567 Chirping
Slide 36: Estimated Operating Cash Flow
Estimated Operating Cash Flow Estimated Balance Cost Total Est. Booking Est. Operating Rs. Cr Receivables Value of to be Sales Value Value Cash Flow Inventory Incurred* Ahmedabad Completed 424 398 0 27 13 14 Ongoing 1,890 1,247 480 643 778 346 Yet to be launched 752 0 0 752 548 204 Ahmedabad Total 3
Slide 37: Projects
Projects
Slide 38: Uplands
Uplands ▪ Location: Nasmed Village, Gandhi Nagar ▪ Product: Premium golf based township ▪ Project Size: 180 Villas Phase I, 45 Villas Phase II – Overall 56 Lakh Sq. Ft. ▪ Deal Structure: Joint Development ▪ Architect: Woods Bagot ▪ Features: 9 Hole Executive Golf Course 3 Clubs (Golf Square, Zen Squ
Slide 39: Uplands
Uplands
Slide 40: Uplands
| Uplands ALVIND SMALTSPACES
Slide 41: Uplands ClubHouse
| Uplands ClubHouse ACVIND SMACTSPACES
Slide 42: Uplands ClubHouse
Uplands ClubHouse ALVIND SMALTSPACES + ann a im am
Slide 43: Skylands
Skylands ▪ Location: Jakkur Road, Shivanahalii,Bengaluru ▪ Product: High rise Residential Apartments ▪ Project Size: 417 Units – 4.9 Lakh Sq. Ft. ▪ Deal Structure: Outright Purchase ▪ Architect: Apurva Amin ▪ Features: Sky lounge on terrace Jogging track on terrace Open café on terrace Star gazing d
Slide 44: Skylands
ACVIND SMACTSPACES Skylands
Slide 45: Aavishkaar
Aavishkaar ▪ Location : Naroda Road, Ahmedabad ▪ Product : Affordable Residential Apartments ▪ Project Size : 574 Units – 5.5 Lakh Sq. Ft. ▪ Deal Structure : Development Agreement ▪ Rera Number : PR/GJ/AHMEDABAD/AHMEDABAD CITY/AUDA/RAA02798/A1R/110219 ▪ Architect : Vitan (Jagrut & Partners LLP) ▪ Fe
Slide 46: Aavishkaar
Aavishkaar Actual Construction Images Model Flat
Slide 47: Oasis
Oasis ▪ Location : Tumkur Road, Bengaluru ▪ Product : 2 and 3 BHK Residential Apartments ▪ Project Size : 452 units – 5.5 Lakh Sq. Ft. ▪ Deal Structure : Outright Purchase ▪ Rera Number : PRM/KA/RERA/1251/309/PR/180425/ 001543 ▪ Architect : Apurva Amin ▪ Features : Aqua Center Terrace café Central L
Slide 48: Oasis
Oasis Actual Construction Images
Slide 49: BelAir
BelAir ▪ Location : New Town Road Yelahanka, Bengaluru ▪ Product : 2, 2.5 &3 BHK Residential Apartments ▪ Project Size : 334 units – 4.7 Lakh Sq. Ft. ▪ Deal Structure : Outright Purchase ▪ Rera Number : PRM/KA/RERA/1251/472/PR/200515/ 003406 ▪ Features : Cantilevered Sky Club Vaastu Compliant Water
Slide 50: BelAir
BelAir Actual Construction Images
Slide 51: Elan
Elan ▪ Location : Kothrud Road, Pune ▪ Product : High rise Residential Apartments ▪ Project Size : 81 Units – 1.3 Lakh Sq. Ft. ▪ Deal Structure : Development Agreement ▪ Rera Number : P52100018613 ▪ Features : Landscape Walkway Club Terrace Café Sitting Outdoor & Indoor Gym Fully equipped Home Theat
Slide 52: Elan
Elan Actual Construction Images
Slide 53: The Edge
The Edge ▪ Location : Tumkur Road, Bengaluru ▪ Product : Commercial & Retail Space ▪ Project Size : 130 Units – 1.7 Lakh Sq. Ft. ▪ Deal Structure : Outright Purchase ▪ Rera Number : PRM/KA/RERA/1251/309/PR/190823/ 002822 ▪ Features : Common Conference Room Theatre/Auditorium Modern Cafetaria Gymnasi
Slide 54: The Edge
The Edge Actual Construction Images
Slide 55: Highgrove
Highgrove ▪ Location : Moti Devti, Sanand, Ahmedabad ▪ Product : Weekend Homes - Plots ▪ Project Size : 814 Units – Overall 58 Lakh Sq. Ft. ▪ Deal Structure : Joint Development ▪ Architect: : Woods Bagot ▪ Features : 9 Hole Executive Golf Course Clubhouse powered by SMAAASH, which is perfected by Sa
Slide 56: Highgrove
Highgrove Actual Construction Images
Slide 57: Forreste
Forreste ▪ Location : Racharda Khatraj Road, Ahmedabad ▪ Product : Premium Land Oriented Villa Scheme ▪ Project Size : 350+ Units in Phase 1 to 4 (Overall ~50 Lakh Sq. Ft.) ▪ Deal Structure : DM ▪ Rera Number : PR/GJ/GHANDINAGAR/GHANDINAGAR/ AUDA/RAA06788/A2R/291020 ▪ Architect : InHouse ▪ Features
Slide 58: Forreste
Forreste Actual Construction Images
Slide 59: Awards & Recognition
Awards & Recognition
Slide 60: Awards & Recognition
| awards & Recognition ALVIND SMACTSPACES Uplands % Best Golf Course yz Architecture §4 4 Golden Brick Awards, Dubai 4 Best Y ig RealEstate % = Company s India News Gujarat at Gujarat First Conclave 4.2019 dy ‘ wth te Arvind “3s Aavishkaar “Sy Affordable 4 ANS, N NO NG Realty Plus Conclave & Excelle
Slide 61: Awards & Accolades 2021
Arvind IS PROUD TO 1S PROUD TO BE AWARDED WITH BE AWARDED WITH CONCLAVE EXCELLENCE ‘Ost ADMIRED PRO jp, i cial Arvind SmartSpaces Limited ov (GQNNEWS 18 20urneyormecogniton 2cirneyomecrgnton CONCLAVE EXCELLENCE ERELEME Arvind SmartSpaces Limited Anyi
Slide 62: Disclaimer
Disclaimer The views expressed here may contain information derived from publicly available sources that have not been independently verified, and no representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this information. This presentation should not b
Slide 63: Thank You
Thank You Arvind SmartSpaces Ltd Investor Relations: (CIN: L45201GJ2008PLC055771) Registered & Corporate Office: Ankit Jain 24, Govt. Servant’s Society, Chief Financial Officer Adj. Municipal Market, Email: ankit.jain@arvind.in C. G. Road, Ahmedabad- 380009 Tel: +91 79 68267000 Prakash Makwana www.a