Ajmera Realty & Infra India Ltd · NSE:AJMERA
Ajmera Realty & Infra India — Motilal Oswal Conference 2024
25 slides from Ajmera Realty & Infra India's conference presentation, Mar 19, 2024
Slide 1: Exchange filing cover letter for investor presentation
Ref: SEC/ARIIL/BSE-NSE/2023-24 Date: March 19, 2024 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: AJM
Slide 2: Ajmera Realty & Infra India Limited - Motilal Oswal Conference Presentation
Ajmera Realty & Infra India Limited Motilal Oswal Conference Presentation March 2024 www.ajmera.com
Slide 3: Disclaimer
DISCLAIMER The information in this presentation contains certain forward- the ability to implement our growth, expansion plans & looking statements. These include statements regarding the strategy; fluctuations in currency exchange rates; changes in intent, plans, objectives, goals, strategies, futu
Slide 4: Ajmera's Group Legacy
Q3 FY24 Ajmera’s Group Legacy LEGACY DELIVERY COMMUNITY LAND BANK GROWTH 55+ 20.2 46,000+ 11.6 5x Years msf Families msf Strategy Incorporated in Early creators of township in the Possessions handed over Massive landbank potential Poised for 5x growth Year 1968 regions of Mira Road, Andheri, with th
Slide 5: Our Journey
Q3 FY24 Our Journey 2021 2023 Demonstrating robust Achieved two-fold growth growth, sustained profits, a in Sales booking and PAT. professional team, and a strong pipeline 2013-20 Launched & delivered luxury phase in Bhakti Park, Wadala 1996 Initiation of the Group's most extensive township to date
Slide 6: Ajmera Group – The Pin-code Creators
Q3 FY24 Ajmera Group – The Pin-code Creators Vijay Nagar, ~1,000 units Shanti Nagar, Marol, Andheri East Mira Road Yogi Nagar, Manish Nagar, ~2,000 units Borivali West Andheri West Shastri Nagar, Andheri West Yogi Nagar, Juhu ~4,000 units Borivali West Manish Nagar Ghatkopar Andheri West Shastri Nag
Slide 7: Our Esteemed Board Of Directors
Q3 FY24 Our Esteemed Board Of Directors Rajnikant S. Ajmera A. C. Patel Chairman & MD Independent Director • Aged 70, is the pillar and guiding force behind the • Aged 79, is a Metallurgical Engineer from IISC, Bengaluru growth of Ajmera Group. (batch of 1969). • Served as President of CREDAI & CRED
Slide 8: Our Leadership Team
Q3 FY24 Our Leadership Team Dhaval Ajmera Nitin Bavisi Shweta Rathor Suresh Rawat Director CFO GM Human VP Projects 21+ years of experience 28+ years of experience Resources 21+ years of experience 28+ years of experience Shekar Dhumal Sunil Shah Dhimant Choksi Bhavesh Joshi Naveen Kumar AVP Project
Slide 9: Strategic Business Model
Q3 FY24 Strategic Business Model Residential – 94% Commercial – 6% • Leveraging our fully owned land bank Ajmera Manhattan • The company continues to expand its commercial Greenfield & Phase 2 of 11.6 mn Sq.ft. potential with phased Ajmera Greenfinity portfolio through strata sales and lease models,
Slide 10: Expanding Horizons
Q3 FY24 Expanding Horizons FY21 7 500 cr 615 cr 352 cr 100 cr 30 cr 9% 1.17 745 cr GDV of Debt Ongoing PAT Gross projects in Sales Revenue EBITDA Equity Project PAT announced Value Margin Debt Ratio 16* 2750 cr 842 cr 441 cr 134 cr 72 cr 16% 0.94* 785 cr* FY23 * represents numbers as of 9M FY 2024.
Slide 11: How we are scaling up
Q3 FY24 Portfolio Expansion by outperforming business guidance How we are scaling up Parameter Existing Future SALES VALUE GROWTH Growing (IN CRORE) 0.9 msf 2.2 msf portfolio size Expanding 0.8 msf* 1.3 msf Launch Pipeline Maximizing ~1000 cr INR 1,000 Cr INR 3,130 Cr Sales Inventory 842 cr Geograph
Slide 12: Performance & Operations Business Updates
FY 2024 PERFORMANCE & OPERATIONS BUSINESS UPDATES
Slide 13: Key Business Highlights – Q3 & 9M FY24
Q3 FY24 Key Business Highlights – Q3 & 9M FY24 1,03,573 Sq.ft. INR 209 Cr Sales Volume Total Revenue 63% YoY Increase 159% YoY Increase INR 253 Cr INR 30 Cr Sales Value Profit After Tax 98% YoY Increase 186% YoY Increase INR 151 Cr INR 474 Cr Collections 9M FY24 - Total Revenue 30% YoY Increase due
Slide 14: Performance Trends
Q3 FY24 Performance Trends SALES VALUE (INR Cr) COLLECTIONS (INR Cr) SALES VOLUME (Sq.ft.) 842 532 520 3,70,219 730 3,39,452 3,59,820 617 394 373 2,46,289 431 FY21 FY22 FY23 9M FY24 FY21 FY22 FY23 9M FY24 FY21 FY22 FY23 9M FY24 EBITDA (INR Cr) & TOTAL REVENUE (INR Cr) PAT (INR Cr) EBITDA MARGIN (%)
Slide 15: Continued De-leveraging & Improving Debt Profile
Q3 FY24 Continued De-leveraging & Improving Debt Profile SECURED DEBT (INR Cr) & DEBT TO EQUITY RATIO Sustaining – Below 1x 830 786 776 771 785 1.17 1.10 0.97 0.97 0.94 Mar-22 Mar-23 Jun-23 Sep-23 Dec-23 Secured Debt (INR Cr) Debt to Equity Ratio 14
Slide 16: Continued De-leveraging & Improving Debt Profile
Q3 FY24 Continued De-leveraging & Improving Debt Profile AVG COST OF DEBT & REPO RATE 13.70% 11.90% 12.10% 12.30% 11.20% 6.50% 6.50% 6.50% 6.50% 4.00% Mar-22 Mar-23 Jun-23 Sep-23 Dec-23 Repo Rate Avg. Cost of Debt 15
Slide 17: Portfolio Update
FY 2024 PORTFOLIO UPDATE
Slide 18: Micro Market Presence
Q3 FY24 Micro Market Presence Completed Destinations Under Development Destinations Future Launches Ajmera Lugaano Yelahanka Future Development Potential Ajmera Florenza Ajmera Prive Juhu Ghatkopar Ajmera Eden Wadala Ajmera Manhattan *All Area in lakh Sq.ft. (Carpet ) Mumbai Metropolitan Region *All
Slide 19: Project Portfolio
Q3 FY24 Project Portfolio Total Carpet Total Sales Revenue Revenue Carpet Area Estimated Value Project Project Ownership Carpet Area Area Sold Value Recognised Unrecognised Unsold Of Unsold Area Status (Sq.ft.) (Sq.ft.) (INR Cr) (INR Cr) (INR Cr) (Sq.ft.) (INR Cr) Nucleus C 70% 1,03,149 1,02,163 91
Slide 20: Potential launches
Q3 FY24 Potential launches Estimated Estimated Estimated Estimated Ownership Revenue Project Location Launch Completion Carpet Area (%) (Month, Year) (Month, Year) (INR Cr) (Sq.ft.) Ajmera Greenfinity – Phase 2 Mumbai 100% Mar’24 Sep’26 240 87,700 Ajmera Iris Bangalore 70% Apr’24 Sep’27 150 1,62,000
Slide 21: Development potential – Owned Land Bank
Q3 FY24 Development potential – Owned Land Bank Estimated Carpet Type of Location Area ARIIL Stake Development Plan Development (in lakh Sq.ft.) Wadala Residential 18 100% Phase-wise launch within 4-6 years Commercial 18.5 100% Expected to be a lease model Kanjurmarg Residential 61 100% Township dev
Slide 22: Our portfolio
Q3 FY24 Our portfolio 20.3 Mn 0.9 Mn 1.3 Mn 11.6 Mn 13.8 Mn Sq.ft. Sq.ft. Sq.ft. Sq.ft. Sq.ft. Completed Existing Potential Future Total Projects Portfolio Launches Potential Portfolio 46,000+ 5 Ongoing Projects 7 projects to be Owned & fully paid Units delivered Mumbai & Bengaluru launched in Mumba
Slide 23: Revenue Visibility
Q3 FY24 Revenue Visibility OC Received Projects Mid Stage Projects (Sikova, Greenfinity & Nucleus ) (Manhattan, Lugaano, Florenza, Prive & Eden) INR 16 Cr INR 141 Cr INR 803 Cr INR 863 Cr Revenue to be recognized from Sales revenue from unsold Revenue to be recognized from Sales revenue from unsold
Slide 24: Cash flow potential
Q3 FY24 Cash flow potential Ongoing Projects Completed Projects Mid Stage Projects Total (pre-tax & post-debt) (INR Cr) (INR Cr) (INR Cr) Balance collection from sold units 48 912 960 Value of unsold inventory 141 863 1,004 Balance Cost to incur (15) (760) (775) Project Debt (16) (219) (235) Estimat
Slide 25: 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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