Arihant Superstructures Limited · NSE:ARIHANTSUP
Arihant Superstructures — Q2 FY2021 Earnings Presentation
40 slides from Arihant Superstructures's earnings presentation, Oct 27, 2020
Slide 1: Arihant Superstructures Ltd. – Continuing Stability
ARIHANT SUPERSTRUCTURES LTD. CONTI NUI NG STABI LI TY CONTI NUI NG STABI LI TY 27 October, 2020 Corporate Relations Department Listing Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Plot No. C/1, G Block, Mumbai - 4
Slide 2: ASL Investor Presentation Q2FY21
ASL Investor Presentation Q2FY21 COMMODITY COAL DREDGING TRANSPORTATION OIL & GAS NSE : ARIHANTSUP BSE : 506194 ASL believes REAL ESTATE is a retail product with a BLOOMBERG : ARSU:IN flavour of an Asset Class.
Slide 3: Cautionary Statement and Disclaimer
Cautionary Statement and Disclaimer The views expressed here may contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this information. Any forwa
Slide 4: CMD's Message
CMD’s Message Commenting on the real estate sector, Mr. Ashok Chhajer, CMD of Arihant Superstructures said, “We are witnessing renewed demand in the last 3 months from the end-user segment for both ready apartments as well as those under construction. Recent sops by the Maharashtra Government as wel
Slide 5: "Arihant" Group
“Arihant” Group • One of the Largest real estate player in Affordable Housing since 2009 consisting of its 66% portfolio in affordable housing and having projects in hand for next 7 years • ASL has an edge in its operational areas – Navi Mumbai, MMR and Jodhpur regions • Delivered 9000 homes worth 7
Slide 6: Arihant Superstructures Ltd (ASL): At A Glance
Arihant Superstructures Ltd (ASL): At A Glance Company Profile Upper Medium CATEGORY-WISE PROJECT PROFILE 1. A leading real estate company focused on Affordable Luxury Income Segment Group (INR 7,000+ psf) 2. Strong execution track record of project completion 6% 3. Strong brand recognition in high
Slide 7: Strengths – Business Model
Strengths – Business Model Product Strategy Land Acquisition To have products across various stages of Fully paid up land bank for projects to be construction to serve varied customer needs executed in the next ten years; Land bank acquired at historical cost levels Sales and Marketing Development M
Slide 8: Our Value Creation Journey
Our Value Creation Journey 2000 2014 2017 2019 1994 Achieved a significant 2007 Successfully completes Successfully Smaller Projects Launch of milestone of Successfully and delivers 4 mn square launched flagship & Quicker Churn Real Estate completing 10 projects Completes and feet; Crossed Rs. 1 bn
Slide 9: Board Of Directors
Board Of Directors Ashok Chhajer, Nimish Shah, Virendra Mittal, Promoter, CMD Whole-Time Director Independent Director ● Over 4 decades experience includes 2 decades ● A civil engineer with over 17 yrs experience in in the real estate business construction ● IIT Alumnus and a fellow chartered engine
Slide 10: Experienced and dedicated management team
Experienced and dedicated management team Akshay Agarwal, Piyush Dosi, Deepak Lohia, Director - Procurement Director - Jodhpur CFO ● CA, having 23 years of experience in ● Dual specialization in Marketing ● A civil engineer with over 21 the areas of Taxation, Accounts & and Logistics from Ohio State
Slide 11: Q2FY21 Highlights
Q2FY21 Highlights Sales of 356 Units equivalent to 326,529 sq. ft. Sales amounting to INR 133.30 Crores Highlights Launched new Phase at Arihant Anmol, Badlapur Transaction volumes at higher levels on YoY basis Construction All sites have resumed work to Pre-covid levels Highlights Delivery Completi
Slide 12: New Phase Launches in FY21
Launch Tracker – FY21 New Phase Launches in FY21 Sr. No Project Location Flats Tentative Timeline Category 1 Arihant 4Anaika Taloja 42 Launched in Q1FY21 Affordable Housing 2 Arihant Anmol Badlapur 100 Launched in Q2FY21 Affordable Housing 3 Arihant Aspire Panvel 528 Q4FY21 Mid-Income Housing 4 Arih
Slide 13: Sustainable Development
Sustainable Development Water Preservation Solar water heating Social Development by Rain water system, energy by supporting Rural harvesting & STP and efficient lighting and infrastructure, School Energy Conservation use of low VOC etc measures paints & adhesives Economic Participation in Eco-frien
Slide 14: CSR Initiatives
CSR Initiatives • Providing Ration to all laborers & their families staying at the sites during the Lockdown • Grant to Shri Maruti Mandir Trust (Palaspe) for education & livelihood enhancement projects • Construction of Road at Ekatpada village • Construction of Road at Koynaville village 13
Slide 15: COVID-19 Impact on Residential Real Estate & ASL
COVID-19 Impact on Residential Real Estate & ASL • Due to the nationwide lockdown, existing project timelines shall get impacted Construction • ASL has around 1,200 construction workers at its sites across MMR & Jodhpur. Construction has resumed to Pre-covid levels in Q2FY21 • We have seen a spike i
Slide 16: Financial Snapshot
FINANCIAL SNAPSHOT Arihant Superstructures Limited (ASL)
Slide 17: Capital Market Data
Capital Market Data Capital Market Details Shareholding Pattern Public BSE Scrip Code 506194 20% NSE Trading Symbol ARIHANTSUP FPIs/Banks & FIs 1% Bloomberg Code ARSU:IN Mutual Funds 5% GICS Sector Real Estate Promoters 74% Market Cap as on INR 839.66 Mn 30th Sept, 2020 52 Week High INR 32.75 52 Wee
Slide 18: Key Investment Highlights
Key Investment Highlights Strategically Significant Large Land Bank Project Strong Focus On Superior Well-positioned Monetization Acquired At Funding Corporate Growth In High Growth Yet To Come Low Cost Secured Governance Profile Markets • Navi Mumbai – 2nd 2 Best Place in terms of ease of living In
Slide 19: Superior Track Record With Strong Brand Recall
Superior Track Record With Strong Brand Recall Key Strengths Average Sales Rate (INR per sq.ft.) 4,500 4310 4,199 4,070 4,000 3,795 3,500 3,000 2,500 2,000 FY17 FY18 FY19 FY20 Area Booked (mn sq.ft) Units Sold 0.9 0.84 932 0.77 1,000 874 0.8 0.7 0.63 800 706 0.6 0.47 527 0.5 600 0.4 400 0.3 0.2 200
Slide 20: Prudent Financial Management Leading To Superior Shareholder Value
Prudent Financial Management Leading To Superior Shareholder Value Strong Risk Superior cash flow Strategic Land Acquisition Management and management Internal Audits • Land acquired at historical prices • 15% -20% launch sales target • Strong and independent board • Honest and credible dealing with
Slide 21: Project Status: Mumbai - MMR
Project Status : MUMBAI - MMR Estimated Total Area Project ATS* Amount Bal ATS Area Sold Area Unsold % Area Total Units % Units Average Value of Project Location with Common Units Sold Completion Value (in Received Receivable (SqFt) (Sq.Ft) Sold Units Unsold Sold Rate Unsold Area Area % Mn) (in Mn)
Slide 22: Project Status: Mumbai - MMR
Project Status : MUMBAI - MMR Estimated Total Area Project ATS* Amount Bal ATS Area Sold Area Unsold % Area Total Units % Units Average Value of Project Location with Common Units Sold Completion Value (in Received Receivable (SqFt) (Sq.Ft) Sold Units Unsold Sold Rate Unsold Area Area % Mn) (in Mn)
Slide 23: Project Status: Jodhpur
Project Status: JODHPUR Total Area Project Estimated ATS* Amount Bal ATS Area Sold Area Unsold % Area Total Units % Units Average Project Location with Common Units Sold Completion Value of Value (in Received Receivable (SqFt) (Sq.Ft) Sold Units Unsold Sold Rate Area % Unsold Area Mn) (in Mn) (in MN
Slide 24: Potential Recognizable Revenue
Potential Recognizable Revenue Expected Revenue: Geographical Split Sales recognised completed Thane 19% 2% Kharghar Sales yet to 21% commence 57% Panvel 47% Jodhpur 19% MMR 11% Revenue Recognition Method Revenue has been recognized as per IND AS 115 Revenue from Contracts with Customers' on fulfill
Slide 25: Consolidated Financial Highlights Q2FY21
Arihant Superstructures Limited: Q1 FY21 Financial Highlights Consolidated Financial Highlights for Q2FY21 Vs. Q2FY20 Consolidated Financial Highlights for Q2FY21 Vs. Q1FY21 1. Revenue increased from INR 532.93 Mn to INR 647.83 1. Revenue increased from INR 100.06 Mn to INR 647.83 Mn. Mn. 2. EBITDA
Slide 26: Consolidated Income Statement – INR Mn
Consolidated Income Statement – INR Mn Particulars FY 17 FY18 FY19 FY20 Total Revenue 1,862 1,893 2,422 2,376 Cos t of m aterials cons um ed 2,074 1,285 1,955 1,192 Changes in inventories -1130 -161 -511 336 Em ployee benefits expens e 85 127 138 121 Other Expens es 190 256 271 252 Total Expenses 12
Slide 27: Consolidated Balance Sheet – INR Mn
Consolidated Balance Sheet – INR Mn Eq u i t y a n d L i a b i l i t i e s F Y17 F Y18 F Y19 F Y2 0 Shar e Capi t al 412 412 412 412 Reser v es and Sur pl us 724 764 807 856 Net wor t h 1136 1176 1218 1268 Mi nor i t y S har e 79 98 139 200 Long Ter m Bor r owi ngs 2013 1719 2377 3168 Shor t Ter m B
Slide 28: Financial Performance
Financial Performance Total Revenues (Rs Mn) EBITDA (Rs Mn) Net Debt/Equity (x)* 3,000 700 643 2,422 3.50 2,500 2,376 569 3.10 3.05 600 1,862 1,893 476 3.00 2,000 500 385 1,500 400 2.50 2.17 2.25 1,000 300 2.00 500 200 1.50 100 - FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 - FY17 FY18 FY19 FY 20 *The de
Slide 29: Net Worth & PAT for the Quarter ended 30th Sept, 2020
Net Worth & PAT for the Quarter ended 30th Sept , 2020 Company (INR mn) Net Worth (INR mn) PAT (INR mn) Arihant Superstructures Ltd 1,090.32 (9.95) Arihant Vatika Realty Private Limited 349.97 21.64 Arihant Aashiyana Private Limited 177.00 25.77 Arihant Abode Limited (17.07) 6.65 Arihant Gruhnirman
Slide 30: Financial Pointers
Financial Pointers The Companies debt has been reduced from INR 391 Crores as on June 30, 2020 to INR 369 crores as on September 30, 2020. Secured debt reduced from 163 Crores as on June 30, 2020 to INR 158 Crores as on September 30, 2020 Particulars Q2FY21 Q1FY21 Units sold 356 67 Collection 66
Slide 31: Holding Company Debt Liability
Holding Company Debt Liability Entity Debt Liability of ASL Entity Holding (INR mn) (INR mn)* • The company accounts for & ASL 100% 758.77 758.77 have adopted the method of liabilities V/s Shareholding Vatika 60% 15.97 9.58 percentage. The debt on holding company is 100% liability of ASL. Aashiyana
Slide 32: Consolidated Income Statement
Consolidated Income Statement Amount in INR Mn except as stated Particulars Q2 FY21 Q2 FY20 Q1 FY21 Total Revenue 647.83 532.93 100.06 Total Operating Expens es 516.38 459.64 86.61 EBITDA 131.45 73.29 13.45 EBITDA Margin (%) 20.29 13.75 13.44 Interes t 76.43 81.21 79.02 Depreciation 5.25 4.94 5.25 P
Slide 33: The Road Ahead – FY21
The Road Ahead – FY21 REVENUE MARGIN FUTURE PLANS DRIVERS DRIVERS Fast tracking of Navi Mumbai Infrastructure projects to boost Efficiency in low cost land purchase To infuse funds for land purchase to demand from home buyers take current developable area from 14 mn sq. ft. to 25 mn sq. ft. To add m
Slide 34: Awards and Accolades
Awards and Accolades 2019 2018 Zee Business Award – Developer of the Year, Iconic Award by IGBC PreCertified Platinum Affordable Housing Project of 2019 – Affordable Radio City for Rating for Aspire project, July the Year – Arihant Arshiya Housing Arihant Aspire, Sept 2018 2018 2017 2018 Arihant Adi
Slide 35: Past Awards and Accolades
Past Awards and Accolades 2015 2016 Best Business Winner of Mumbai Best Corporate Most Esteemed Ongoing NDTV awards Arihant as the Practice Award in 2015 Hot 50 Brands by Brands 2016- Real Project of the Year – best developer in affordable for 2014 One India and Paul Estate by the Navbharat Realty B
Slide 36: Mumbai Hot 50 Brands (2 Times) - 2015 and 2014
Mumbai Hot 50 Brands (2 Times) - 2015 and 2014 35
Slide 37: Navi Mumbai 2nd in List Of Best Cities To Live In India during COVID-19
Navi Mumbai 2nd in List Of Best Cities To Live In India during COVID-19 • The 'Ease of Living' index is an initiative of the Ministry of Housing and Urban Affairs to assess the most livable cities all over India and rank them on a 100 point scale. The report evaluated 111 cities on a 100-point scale
Slide 38: Residential Projects - Ongoing
Residential Projects - Ongoing Sr. Project Location Est. Sale Area Ind AS Business Status No. (sq. ft.) Classification Model 1 Arihant Arshiya Khopoli 16,00,000 Own 100% owned Ongoing 2 Arihant Aarohi Kalyan Shil Rd. 2,65,353 Own 100% owned Ongoing 3 Arihant Anshula Taloja (Nr. Kharghar) 5,13,110 Ow
Slide 39: Residential Projects – Ongoing & Forthcoming
Residential Projects – Ongoing & Forthcoming Sr. Project Location Est. Sale Ind AS Business Model Status No. Area (sq. ft.) Classification 11 Arihant Aspire Panvel 31,52,869 Own 100% owned Ongoing 12 Arihant Anamika Vashi 3,60,000 Own 100% owned Forthcoming 13 Yet to be named Taloja 1,60,000 Own 100
Slide 40: Thank you !!
Thank you !! For further Information please contact Deepak Lohia CFO Tel: +91 22 6249 3333 Email: cfo@asl.net.in Corporate Office: Arihant Aura, Floor No. 25, B wing, Plot no 13/1, TTC Industrial Area, Thane Belapur Road, Turbhe, Navi Mumbai – 400705, Maharashtra 39
Arihant Superstructures — Q2 FY2021 Earnings Presentation on 6ix