Signatureglobal (india) Limited · NSE:SIGNATURE
Signatureglobal (india) — Investor Presentation (May 2024)
35 slides from Signatureglobal (india)'s investor presentation, May 15, 2024
Slide 1: Exchange filing cover letter for investor presentation
Date: 15th May, 2024 The Manager The Manager BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Listing Department 1st Floor, New Trading Ring, Exchange Plaza Rotunda Building 5th Floor, Plot no C/1, G Block Phiroze Jeejeebhoy Towers, Bandra Kurla Complex Dalal S
Slide 2: Signature Global FY24 Investor Presentation May 2024
SIGNATURE GLOBAL FY24 INVESTOR PRESENTATION May 2024 1
Slide 3: Disclaimer
Disclaimer This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and r
Slide 4: Operating Highlights
Operating Highlights Strategy & Portfolio Financial Snapshot Company Overview 3
Slide 5: The Company sold >4,600 units at an average ticket size of INR 16.0 mn
The Company sold >4,600 units at an average ticket size of INR 16.0 mn during the current financial year Sales in Rs. bn 60 • INR 72.7 bn in FY24 41.45 40 Strong Sales • Growth of 112% vis a vis FY23 at INR 34.3 bn Performance 20 8.80 9.82 12.63 • c. 97% of sales coming from high margin mid income &
Slide 6: Portfolio addition of ~10 million sft during the current financial year
Portfolio addition of ~10 million sft during the current financial year in focus micro markets 40 31.06 Operating • Achieved an Operating Cash Surplus before Investment in Land of INR 30 9.11 bn in FY24 19.20 Cashflow before 20 9.11 Investment in • Operating cash surplus of c. 29% of collections dur
Slide 7: The Company has FY25 annual guidance
The Company has FY25 annual guidance Launches1 Pre-Sales INR Bn INR Bn 160 160 160 120 120 100 80 73 80 42 40 40 0 0 FY24A FY25E FY24A FY25E The company has witnessed a strong subscription Owing to the generous response, we expect rate on the project launches & looking forward to sales growth of >35
Slide 8: Pro Forma P&L on FY25 Guidance
Pro Forma P&L on FY25 Guidance Particulars FY24 FY25E INR Bn % INR Bn % Pre Sales 72.68 100.00 Embedded EBITDA 23.26 32% 35.00 35% - D&A 0.22 0.22 Growth in Sales with - Finance Cost 2.20 2.00 wider margins Embedded PBT 20.84 29% 32.78 33% Tax rate ( assumed rate 5.25 8.26 25.2%) Embedded PAT 15.59
Slide 9: Strategy & Portfolio
Operating Highlights Strategy & Portfolio Financial Snapshot Company Overview 8
Slide 10: Focus across three distinct micro markets fueled by world class infrastructure
Focus across three distinct micro markets fueled by world class infrastructure THREE FOCUS AREAS 1) Sector 71 17.0 mn sft1 Proximity to all prime areas of Gurugram; red light free to Golf Course Road in future 37D 2) Sohna Elevated Corridor 7.2 mn sft1 Opened in 2022; Closer to 71 Cybercity and MG R
Slide 11: Snapshot of Ongoing Portfolio; Aim to be delivered by FY26
Snapshot of Ongoing Portfolio; Aim to be delivered by FY26 Number of Land Saleable Area Sold Area Sold Value Category Category Wise Share of 16.4 mn sft Ongoing Portfolio Projects (in acres) (in mn sft) (%) (INR bn) Affordable 8 53.6 4.7 96.5% 22.32 Others 2% Mid Income - Gurugram 8 91.6 7.5 87.4% 6
Slide 12: Strong pipeline of mid income housing projects across focused micro markets
Strong pipeline of mid income housing projects across focused micro markets; aim to launch by FY26 Location Project Land (in acres) Estimated Saleable Area1(in mn sft) Each focus area has distinct Group Housing, Commercial Sector 71, SPR and Retail 92.6 17.0 price point thus catering to diverse cons
Slide 13: Strong Portfolio of ~49 msf across Ongoing and Forthcoming projects
Strong Portfolio of ~49 msf across Ongoing and Forthcoming projects Ongoing projects of 16.4 msf saleable area Forthcoming projects of 29.3 msf saleable area1 Strong project pipeline to result in sustainable growth Affordable Mid Income Mixed Total – Category Others Housing Housing Use in mn sqft On
Slide 14: Strong sales momentum
Strong sales momentum SALES GROWTH OF 112% IN FY24 VS FY23 SALES CAGR OF 62% DURING FY21-FY24 INR Bn INR Bn 72.69 80 6.18 80 72.69 6.0 60 60 4.35 4.5 40 34.31 34.31 3.0 40 25.90 20 1.5 16.90 20 0 0.0 0 FY23 FY24 Sales (INR bn) Area Sold (msf) FY21 FY22 FY23 FY24 FY24 SALES COMING FROM HIGH MARGIN MI
Slide 15: Growing collections leading to fast paced construction while maintaining low net debt
Growing collections leading to fast paced construction while maintaining low net debt 62% GROWTH IN Y-o-Y COLLECTIONS Particulars FY24 (INR Bn) Collections 31.06 35 31.06 30 25 Others (GST & other charges) 2.15 19.20 20 15 Cash inflow 33.22 10 5 Less : Operating Expenses 0 - Construction Expenses (i
Slide 16: Financial Snapshot
Operating Highlights Strategy & Portfolio Financial Snapshot Company Overview 15
Slide 17: Healthy gross profit margins and Low Leverage Levels
Healthy gross profit margins and Low Leverage Levels Revenue being recognized from recently delivered units of Signature Global Park • INR 12.4 bn revenue recognized from operations in FY24 vs INR 15.5 bn in FY23 • Adjusted gross margin of INR 3.3 bn (27.6%) for FY24 vs INR 4.1 Financial bn (26.78%)
Slide 18: Consolidated PL Snapshot
Consolidated PL Snapshot PL Statement (INR bn) FY24 FY23 Y-o-Y% Adjusted Gross Margin % & Adjusted EBITDA Margin % Revenue from real estate properties - Mid- Income Housing 8.1 6.7 21.80% - AHP 3.9 8.6 -60.14% 50% Total Revenue from real estate properties 12.0 15.2 40% Cost of Goods Sold -8.7 -11.1
Slide 19: Net Debt Position of the Company with Growing Operating Cashflows
Net Debt Position of the Company with Growing Operating Cashflows Operating Surplus1 and Net Debt2 (INR bn) Lenders to Signature Global 15.00 11.56 10.94 10.00 9.11* 5.57 5.17 6.91 5.00 4.70 2.49 0.00 Mar-21 Mar-22 Mar-23 Mar-24 Net Debt Operating Surplus Comfortable Net Debt position given the curr
Slide 20: Successful launch of Deluxe DXP Group Housing Project
Successful launch of Deluxe DXP Group Housing Project: Marking entry into Premium Housing Fully Sold out within 48 hours with 5.4x oversubscription Project Highlights • Located on Dwarka expressway, a central location on an expressway connecting Delhi with Gurgaon; • Received 5.4x of EoIs* from cust
Slide 21: Key projects sold during FY24
Key projects sold during FY24 Deluxe - DXP CITY 93 CITY 92-2 Particulars Amount Particulars Amount Particulars Amount Launch Qtr Mar-24 Launch Qtr Mar-23 Launch Qtr Mar-23 # of Residential Units 1,008 # of Residential Units 996 # of Residential Units 688 Residential Units Sold Till 31st Mar Resident
Slide 22: Seen success in mid income low rise floors since entering the market
Seen success in mid income low rise floors since entering the market CITY 37D CITY 81 CITY 63-A Particulars Amount Particulars Amount Particulars Amount Launch Qtr Sep-21 Launch Qtr Sep-21 Launch Qtr Sep-22 # of Residential Units 1,204 # of Residential Units 828 # of Residential Units 276 Residentia
Slide 23: Successful deliveries in recent times gives confidence to customers
Successful deliveries in recent times gives confidence to customers SG Park, Sohna Orchard Avenue – Sector 93, Gurugram Orchard Avenue 2 – Sector 93, Gurugram Roselia, Sector 95A, Gurugram Serenas, Sohna Grand Iva, Sector 103, Gurugram 22
Slide 24: Strong debut at the stock exchange
Strong debut at the stock exchange Issue details Share price performance – stellar >3x return from offer price of INR 385 1600 Issue Size INR Bn 1400 Fresh issue size 6.03 1200 1,252 Closing price as Offer for sale issue size 1.27 1000 Listing on 14th May’24 price - 444 800 Total issue size 7.30 600
Slide 25: Company Overview
Operating Highlights Strategy & Portfolio Financial Snapshot Company Overview 24
Slide 26: Largest Player in Delhi NCR's Affordable and Lower Mid-Income Housing Market
Largest Player in Delhi NCR’s Affordable and Lower Mid-Income Housing Market Focused housing factory Market cap of INR 18,000 Crs + • Commenced operations# in 2014 with affordable housing, • Successful IPO in Sept '23 with an overwhelming 12.5x ventured into mid-income housing market in 2017 with 1s
Slide 27: Track Record of Execution
Track Record of Execution Delivered Housing Projects Totaling to c. 10.4 msf1 Solera Synera Grand Iva Orchard Avenue Serenas Sector 107, Gurugram Sector 81, Gurugram Sector 103, Gurugram Sector 93, Gurugram Sector 36, Sohna 1,157 units 898 units 1,581 units 800 units 1,418 units Best Affordable Deve
Slide 28: With Quick Turnaround of Land Resources
… With Quick Turnaround of Land Resources Disciplined approach to land acquisition leading to quick turnaround of up to 18 months from 2.2 msf of Individual Floors completed acquisition to launch Sunrise & Karnal City : Completed 906 Units Time from Land Acquisition to Project Land Acquisition Date
Slide 29: Well Established Brand and Strong Distribution Network
Well Established Brand and Strong Distribution Network Focused on Mid-Income Segments Well entrenched sales and distribution network driving customer acquisition Strong Brand Recall Strong Distribution Network Engaged celebrity brand ambassadors for various campaigns Campaign Name Response2 Strong
Slide 30: Standardized Product Leading To Low Design Costs & Higher Design Efficiencies
Standardized Product Leading To Low Design Costs & Higher Design Efficiencies… Using Aluminium Formwork Technology to Reduce Construction Time Standardization providing Imported the Aluminum formwork technology providing a unique advantages competitive edge Reduced structure cost Increased pac
Slide 31: Leveraging Technology for efficiency & scale
Leveraging Technology for efficiency & scale Digital Integration of all stakeholders Strong emphasis on digital sales Projects being sold through various digital channels Stronger Internal Controls including website since 2014 Human Resource Management Software Strong Linkage with Core ERP AHP
Slide 32: Trusted brand with strong campaign being run at a national level
Trusted brand with strong campaign being run at a national level • Relatable brand ambassadors like Vidya Balan and Vijay Raaz • Company has strong presence across social media and has touched c. 30 mn social media users • Strong in-house direct sales team of 45 members1 and indirect sales team of 1
Slide 33: High Quality Board & Experienced Management Team
High Quality Board & Experienced Management Team Name Designation Brief Profile Independent Directors 8+ years of experience in real estate industry; Pradeep Kumar Chairman & Whole- Served as MD on the board of SMC Comtrade Aggarwal Time Director Limited for 10 years Kundan Mal Agarwal Ex-director o
Slide 34: Focus On Sustainable Development
Focus On Sustainable Development Waste Management Use Of Solar Panels Use Of LED lights Green Building Initiatives Green Building Initiatives (Water Management) Use of Low Flow Fixtures INDUSTRY LEADING CERTIFICATIONS Green Building Certification* IGBC Certification Occupational Health & Safety Qual
Slide 35: Thank You
THANK YOU 34
SignatureGlobal (India) — Investor Presentation (May 2024) on 6ix