Ganesh Housing Limited · NSE:GANESHHOU
Ganesh Housing — Q2 FY22 Earnings Presentation
38 slides from Ganesh Housing's earnings presentation, Oct 19, 2021
Slide 1: Exchange cover letter for earnings conference call
ISO 9001 :2008 I ISO 14001 :2004 OHSAS 180 01 :2007 REF.NO./GHCL/AHMD/2021-2022/363A DATE: OCTOBER 19, 2021 To To BSE Limited National Stock Exchange of India Ltd. Corporate Relation Depaiiment Exchange Plaza, Phiroze Jeejeebhoy Towers Plot No . C/ 1, G Block Dalal Street, Bandra-Kurla Complex Mumba
Slide 2: Q2FY22 Earnings Conference Call invitation
GANESH HOUSING CORPORATION LIMITED Cordially Invites You for Q2FY22 Earnings Conference Call Wednesday, 20th October 2021 at 4:00 PM IST Conference Dial In: +91 22 6280 1557 +91 22 7115 8383 International Toll-Free Numbers: Hong Kong: 800 964 448 Singapore: 800 101 2045 UK: 0 808 101 1573 USA: 1 866
Slide 3: Ganesh Housing Corporate Presentation October 2021
GANESH HOUSING CORPORATE PRESENTATION OCTOBER 2021
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: Snapshot: A Leading Real Estate Developer in Gujarat
Snapshot : A Leading Real Estate Developer in Gujarat Premium Ahmedabad focused developer with strong & differentiated brand that allows leadership position Proven ability to predict growth areas and establish presence ahead of the curve; have more than 500 acres of developable land fold in our hand
Slide 6: Vision and Mission
Vision and Mission Content Here VISION Easy to change colors, 52% MISSION photos and Text. “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 p
Slide 7: Our Journey So Far
Our Journey So Far Early Phase & IPO Fund Raising Robust Execution Scaling Up… (1991-2004) (2004-2009) (2009-2014) (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 Mn •
Slide 8: 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 Timely Delivery Automation e
Slide 9: 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 10: Roadmap To Growth
Roadmap To Growth Expected Sale/lease Expected Project Location Land Area (acre) Saleable Area (msft) 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 11: Strategic Priorities
Strategic Priorities Being more aggressive towards Building a team for the future, Building both commercial and retail Strengthening segment, widen customer base Position focused approach towards Internal across price points and locations team reorganization and reorientation Organization Retaining
Slide 12: 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 13: Q2FY22 Highlights
Q 2 F Y 2 2 H I G H L I G H T S
Slide 14: Q2FY22: Key Business Highlights
Q2FY22 : Key Business Highlights Booked area of 2,74,784 Value of sales at INR Collections stood at INR sqft across 4 projects, 1,030mn, registering a 573mn, 8% higher than growth of 37% QoQ growth of 42% QoQ Q1FY22 External debt brought down Debt/Equity at 0.4x ending Strong Cashflow visibility, to
Slide 15: Q2FY22: Strong Financial Performance
Q2FY22 : Strong Financial Performance Particulars (INR mn) Q2FY22 Q2FY21 YoY (%) Q1FY21 QoQ(%) H1FY22 H1FY21 YoY (%) Revenue 739 146 406% 793 (7%) 1532 155 888% EBITDA 298 (90) 431% 210 42% 508 (487) 204% EBITDA Margin (%) 40.3% (61.6%) 102% 26.5% 13.8% 33.2% (314.2%) 347.4% PBT 198 (319) 162% 76 16
Slide 16: Investment Thesis
I N V E S T M E N T T H E S I S
Slide 17: 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 18: Well Established Brand; Strong Transparency
1 Well Established Brand; Strong Transparency ü Ganesh Housing Corporation Limited (‘GHCL’) is the flagship company of Ganesh Group; listed since 1993 ü Leading residential developer across mid and higher income segment; Enviable track record of identifying several high potential locations and conve
Slide 19: 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 identified and construction made in less than completed in two start one year towers 2
Slide 20: Real Estate Market Outlook
3A Real Estate Market Outlook ü Residential and commercial sector growth • Rapid urbanisation and white collar migration • ‘Housing for all’ and ‘Affordable housing’ ü Suburban cities gaining traction • Markets like Ahmedabad, Pune, Chennai, Hyderabad, and Bangalore have seen a steady rise in demand
Slide 21: Ahmedabad: A Key Real Estate Hub in Gujarat
3B Ahmedabad: A Key Real Estate Hub in Gujarat Ahmedabad Residential Real Estate Market Key Market of Gujarat Highly Affordable 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 18,000
Slide 22: Significant Land Reserves for Future Growth
3C Significant Land Reserves for Future Growth ü ~500 acres of land reserves in strategic locations across Ahmedabad ü 36 msf of development potential ü Ability to take advantage of favourable market conditions by launching projects quickly without having to acquire land ü Rationalize land reserves
Slide 23: 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 ü Large and diversified upcoming portfolio for Expected Sales Value/ balanced cash flow Capitalized Value (INR mn) Saleable/Leasable Area-msft ü Ongoing/upcoming projects in key
Slide 24: 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. External Debt (INR Mn) Half Yearly Debt Maturity Profil
Slide 25: Strong Leadership Team
6 Strong Leadership Team Dipak Kumar Patel - Chairman Shekhar Patel - MD Pankaj Teraiya – President (Projects) Associated with GHCL since 1991; Veteran with an experience of over BE Civil with an experience of over 27 01 leading the land related matters and 02 25 years; leading day to day 03 years;
Slide 26: Historical Financials
H I S T O R I C A L F I N A N C I A L S
Slide 27: Consolidated Income Statement
Consolidated Income Statement Particulars (INR mn) FY21 FY20 FY19 FY18 Revenue 1,820 2,773 2,672 5,082 EBITDA (377) (504) 770 2,031 EBITDA (%) (20.7%) (18.2%) 28.8% 39.9% Depreciation 17 21 23 26 EBIT (394) (525) 747 2,005 Interest 748 799 917 1,005 PBT (1,142) (1,324) (170) 1,000 PAT (1,053) (1,196
Slide 28: Balance Sheet
Balance Sheet Particulars (INR mn) FY21 FY20 FY19 FY18 Equity Share Capital 492 492 492 492 Reserves & Surplus 4,528 5,750 6,980 8,400 Minority Interest 871 931 927 927 Shareholder’s Equity 5,891 7,173 8,399 9,819 Borrowings 3,393 4,944 6,486 6,770 Other Liabilities 2,028 1,600 2,577 1,802 Total Lia
Slide 29: Cash Flows and Ratios
Cash Flows and Ratios Particulars (INR mn) FY21 FY20 FY19 FY18 Operating Cash Flow excl. WC (658) (663) (469) 1,470 Working Capital Changes 1,980 1,890 1,761 (717) Investment Activities 434 531 841 260 Financing Activities (1,726) (2,022) (2,162) (1,045) Ratios Debt/Equity (x) 0.68 0.79 0.87 0.76 Ne
Slide 30: Appendix: New Launches
A P P E N D I X : N E W L A U N C H E S
Slide 31: Malabar County III
Malabar County III Location Prime location on SG Highway Project Type Residential Land Area 1.88 Acres Configuration 288 units, 2.5 BHK Saleable Area 0.4mn sq. ft Start Date Feb - 21 Target Completion Mar - 23 Launched in Feb 21; Status 95% booked already 29
Slide 32: Malabar Exotica
Malabar Exotica Location Prime location on SG Highway Project Type Residential Land Area 1.89 Acres Configuration 224 units, 3.5 BHK Saleable Area 0.42mn sq. ft Start Date July - 21 Target Completion July - 24 Launched in July – 21; Status More than 60% booked already 30
Slide 33: Malabar Retreat
Malabar Retreat Location Prime location on SG Highway Project Type Residential Land Area 2 Acres Configuration TBD Saleable Area 0.61mn sq. ft Start Date Dec - 21 Target Completion Dec - 24 To be launched, currently in Status planning stage 31
Slide 34: IT SEZ Phase I Commercial
IT SEZ Phase I Commercial Location Prime location on SG Highway Project Type Commercial (ITSEZ + ITOS) Land Area 3.4 Acres Configuration TBD Saleable Area 0.84mn sq. ft Start Date Dec - 21 Target Completion Dec - 24 To be launched, currently in Status planning stage 32
Slide 35: IT SEZ Phase 2 Residential
IT SEZ Phase 2 Residential Location Prime location on SG Highway Project Type Residential Land Area 3.4 Acres Configuration TBD Saleable Area 0.83mn sq. ft Start Date May - 22 Target Completion May - 25 To be launched, currently in Status planning stage 33
Slide 36: IT SEZ Phase 3 Commercial
IT SEZ Phase 3 Commercial Location Prime location on SG Highway Project Type Commercial (ITSEZ + ITOS) Land Area 3.4 Acres Configuration TBD Saleable Area 0.84mn sq. ft Start Date Dec - 22 Target Completion Dec - 25 To be launched, currently in Status planning stage 34
Slide 37: IT SEZ Phase 4 Residential
IT SEZ Phase 4 Residential Location Prime location on SG Highway Project Type Residential Land Area 3.4 Acres Configuration TBD Saleable Area 0.83mn sq. ft Start Date Mar - 23 Target Completion Mar - 26 To be launched, currently in Status planning stage 35
Slide 38: Thank You
THANK YOU