Ashiana Housing Limited · NSE:ASHIANA
Ashiana Housing — Q2 FY2018 Earnings Presentation
31 slides from Ashiana Housing's earnings presentation, November 2017
Slide 1: Investor Update
Investor Update For the quarter ended 30th September, 2017 BSE: 523716 | NSE: ASHIANA | Bloomberg: ASFI:IN| Reuters: AHFN.NS www.ashianahousing.com © 2014, 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 Total saleable area of the entire project corresponding to 100% economic interest of all Saleable Area 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 FY2017 4
Slide 5: Highlights and Overview
Highlights and Overview 01 Highlights and Overview Highlights Operational Overview Financial Overview Quarterly Performance Cash Flow Position FY2017 5
Slide 6: Highlights
Highlights With significant reduction in impact of demonetisation, improvement in booking continued at 1.57 Lakhs Sq. ft.(Q2 FY18) vs. 1.51 Lakhs Sq. ft. in previous quarter. Sales in Q2FY17were at 2.11 Lakhs Sq. ft. Area constructed lower at 1.87 Lakhs Sq. ft. (Q2FY18) vs 4.40 Lakhs Sq. ft. (Q2
Slide 7: Highlights Contd…
Highlights Contd… Has entered into a Memorandum of Understanding with a Pune based developer for development of a ‘Group Housing Project’, on 19 acres (approx.) of land parcel situated near Hinjwadi, District Pune, Maharashtra on revenue sharing basis. Expected saleable area would be 12.5 lakhs sq
Slide 8: Operational Overview
Operational Overview 5.00 4.50 4.40 4.00 Area booked increased by 4% compared 3.50 to previous quarter and lower by 25% 3.00 compared to corresponding quarter of In lakhs sq ft 2.50 2.40 previous year 2.11 2.00 1.87 1.57 Area Constructed lower by 22% 1.51 1.50 compared to previous quarter. Our 1.00
Slide 9: Financial Overview
Financial Overview 150 125 116 Sales & Other Income increase by 49% compared to previous quarter due to higher 100 deliveries. 78 Pre-tax operating cashflow at negative INR 23.80 Cr. 50 23 21 9 5 0 -1 Pre - Tax PAT Sales and Other Operating Cash Income Flows -23 -50 FY2017 * Pre-tax operating cash f
Slide 10: Quarter wise Performance
Quarter wise Performance INR Crores Lakhs Sq. ft. Lakhs Sq. ft. Lakhs Sq. ft. Area Delivered & Value of Area Equivalent Area Particulars Area Booked Recognised for Booked Constructed* Revenue AHL 29.29 0.98 1.51 3.47 FY18 Quarter2 Partnership 16.70 0.59 0.36 1.28 Total 45.99 1.57 1.87 4.75 AHL 27.93
Slide 11: Quarterly Sales Trend
Quarterly Sales Trend AHL Project Location Q4FY16 Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Aangan Neemrana Neemrana (1,450) 1,450 251 (1,450) - - - Anantara Jamshedpur 13,540 7,815 1,180 11,940 - - - Anmol Gurgaon 11,680 14,530 8,190 7,745 7,745 3,585 9,370 Tarang Bhiwadi 28,139 6,122 15,332 3,886
Slide 12: ProjectWise Cash Flow Position in Ongoing Projects
ProjectWise Cash Flow Position in Ongoing Projects Lakhs Sq. ft. Lakhs Sq. ft. INR Crores INR Crores Lakhs Sq. ft. Equivalent Area Sale Value of Amount Constructed Entity Location Projects Phases Saleable Area Area Booked Area Booked Received * AHL Bhiwadi Nirmay Phase 1 2.18 1.38 49.30 40.74 1.63 B
Slide 13: Cash Flow Position in Ongoing Projects
Cash Flow Position in Ongoing Projects Lakhs Sq. ft. Lakhs Sq. ft. INR Crores INR Crores Lakhs Sq. ft. Equivalent Sale Value of Area Amount Area Entity Saleable Area Area Booked Booked Received Constructed* AHL 14.61 8.25 280.10 217.86 10.07 Partnership 4.49 2.59 72.99 53.00 2.07 Grand Total 19.10 1
Slide 14: Ongoing Projects
02 Ongoing Projects Geographical Presence Ongoing Projects Summary Break up of Area Booked Yearly Data and Projections Quarterly Data FY2017 14
Slide 15: Geographical Presence
Geographical Presence Saleable Area of Ongoing Projects Pune Jodhpur 3% 6% Bhiwadi 28% Bhiwadi Chennai Gurgaon Jaipur 33% Jaipur Jodhpur Chennai Pune 8% Gurgaon 22% FY2017 15
Slide 16: Ongoing Projects Summary
Ongoing Projects Summary Lakhs Sq. ft. Lakhs Sq. ft. Expected Completion Location Projects Phases Share in Project Saleable Area Area Booked Date Bhiwadi Nirmay Phase 1 100% 2.18 1.38 Q1FY19 Bhiwadi Surbhi Phase 4 100% 0.93 0.77 Q4FY18 Bhiwadi Tarang Phase 1 100% 2.28 1.54 Q1FY20 73.75 % of Chennai
Slide 17: Break-Up of Area Booked (QoQ)
Break-Up of Area Booked (QoQ) Q1 FY18 Q4FY17 Jodhpur, 2% Pune, 3% Pune, 4% Jodhpur, 6% Bhiwadi, 8% Chennai, 11% Bhiwadi, 24 % Gujarat, 14% Jaipur, 51% Jaipur, 50% Chennai, 10 % Gurgaon, 7% Gujarat, 7% Gurgaon, 2% Pune Q2FY18 Neemrana, - Q3FY17 7% Bhiwadi 1% Pune, 2% Jodhpur 16% Jodhpur, 5% 4% Jamshe
Slide 18: Yearly Operational Data
Yearly Operational Data Particulars Unit FY 13 FY 14 FY 15 FY 16 FY 17 Equivalent Area Lakhs Sq. ft. 12. 27 17. 87 22. 8 23. 44 17. 39 Constructed* Area Booked Lakhs Sq. ft. 18. 65 22. 13 18. 12 8. 63 6. 96 Value of Area Booked INR Lakhs 50, 335 64, 756 54, 772 28, 421 22, 508 Average R ealizations
Slide 19: Quarterly Operational Data
Quarterly Operational Data Particulars Units Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Equivalent Area 3.96 4.40 4.66 4.38 2.40 1.87 Constructed* Lakhs Sq. ft. 2.41 2.11 1.39 1.05 1.51 1.57 Area Booked Lakhs Sq. ft. Value of Area 7,937 6,742 4,579 3,251 4,872 4,599 Booked Lakhs Sq. ft. Average 3,298
Slide 20: Financials
03 Financials Financial Summary YoY Financial Summary QoQ FY2017 20
Slide 21: Financial Summary YoY (Consolidated)
Financial Summary YoY (Consolidated) Particulars Unit FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 Sales and Other Income INR Crores 121.03 154.28 248.98 161.42 122.80 164.44 542.67 397.02 Operating Expenditure INR Crores 74.11 95.78 159.30 113.75 90.91 105.42 385.47 291.00 EBITDA INR Crores 46.9
Slide 22: Financial Summary QoQ (Consolidated)
Financial Summary QoQ (Consolidated) Particulars Unit Q1FY17 Q2FY17 Q3FY17 Q4FY17 Q1FY18 Q2FY18 Sales and Other Income INR Crores 24.32 124.60 54.12 193.98 77.66 116.01 Operating Expenditure INR Crores 27.07 88.33 34.54 141.06 67.82 78.27 EBITDA INR Crores (2.75) 35.38 19.58 53.81 9.84 37.74 Profit/
Slide 23: Future Outlook
04 Future Outlook Future Projects Summary Land available for Future Development Completed Projects having Inventory FY2017 23
Slide 24: Future Projects Summary
Future Projects Summary Lakhs Sq. ft. Location Projects Phases Share in Project Saleable Area Bhiwadi Surbhi Phase-5 100% 0.36 Bhiwadi Tarang Phase-2,3 & 4 100% 9.32 Bhiwadi Ashiana Gamma Phase-1 100% 18.45 Bhiwadi Nirmay Phase-2 & 3 100% 5.68 73.75 % of Chennai Shubham Phase-2,3,4&5 Revenue Share 8
Slide 25: Land available for Future Development
Land available for Future Development Acres Lakhs Sq. ft. Estimated Estimated Location Land Proposed Development Land Area Saleable Area Bhiwadi Milakpur Land 40. 63 31. 00 Com fort Hom es/ Senior Living N ew Land, Ajm er Jaipur 8. 84 9. 00 Com fort Hom es/ Senior Living R oad Kolkata Uttarpara 19.
Slide 26: Completed Projects having Inventory
Completed Projects having Inventory Lakhs Sq. Lakhs Sq. Lakhs Sq. ft. Lakhs Sq. ft. ft. Lakhs Sq. ft. ft. Area Area Booked Recognised & For Unrecognised Unbooked Location Projects Phase Share in Project Type Saleable Area Booked Area Revenue For Revenue Area Bhiwadi Ashiana Town Phase-1, 2, & 3 100%
Slide 27: Contact Information
Contact Information For Any Queries, Contact Investor Relations Ashiana Housing Ltd. E:investorrelations@ashianahousing.com T: (+91) 11 4265 4265 FY2017 27
Slide 28: Annexure
05 Annexure About Ashiana Business Model Accolades Abbreviations FY2017 28
Slide 29: Business Model
Business Model In house end-to-end construction capabilities – Ensure higher control over cost and High quality in- quality and flexibility in execution house construction Focus on use of high quality and efficient construction methodologies & techniques to help reduce time and cost Instead of
Slide 30: Accolades
Accolades @asshisna you are in safe hands Awards & Recognitions 2016 Ashiana Dwarka, Jodhpur awarded as 2015 CNBC Awaaz felicitated Ashiana Housing Budget Project of the Limited with Year 2016 by NDTV One of the Most Property Awards Promising Company of the Next Decade Received Bhamashah award for C
Slide 31: Abbreviations
Abbreviations Sq. ft.: Square Feet EAC: Equivalent Area Constructed PAT : Profit after Tax 31 FY2017