Ganesh Housing Limited · NSE:GANESHHOU
Ganesh Housing — Q2 FY23 Earnings Presentation
30 slides from Ganesh Housing's earnings presentation, Oct 18, 2022
Slide 1: Exchange filing cover letter
ISO 9001:2015 I ISO 14001 :2015 ISO 45001 :2018 REF .N O./GHCL/AHMD/2022-2023/363B DATE: OCTOBER 18, 2022 To To BSE Limited National Stock Exchange of India Limited Corporate Relation Department Exchange Plaza, Phiroze Jeejeebhoy Towers Plot No. C/1, G Block Dalal Street, Bandra-Kurla Complex Mumbai
Slide 2: Ganesh Housing Q2FY23 Earnings Presentation
GANESH ® !M!!!t"'! IC GANESH HOUSING Q2FY23 EARNINGS P R E S E N TAT I O N
Slide 3: 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 4: Q2 FY23 Highlights
Q 2 F Y 2 3 H I G H L I G H T S
Slide 5: Q2FY23 Key Business Highlights
Q2FY23 Key Business Highlights Revenue came in at INR 3,278 Mn, EBITDA 164% higher at INR 788 PAT improved 27% to INR 193 LL grew 344% YoY v/s INR 739 Mn in Q2FY22 ~ 110 o 011 Mn in Q2FY23 vs EBITDA of INR 298 Mn in Q2FY22 Mn in Q2FY23 vs INR 152 Mn in Q2FY22 Deleveraging the company - Strategic Par
Slide 6: Q2FY23 Financial Performance
Q2FY23 Financial Performance Particulars (INR Mn) Q2FY23 Q2FY22 YoY (%) H1FY23 H1FY22 YoY (%) Revenue 3,278 739 344% 3,705 1,532 142% EBITDA 788 298 164% 1,039 508 105% EBITDA Margin (%) 24.0% 40.3% (16.3%) 28.0% 33.2% (5.2%) PBT 758 198 283% 959 274 250% PAT 193 152 27% 324 206 57% PAT Margin (%) 5
Slide 7: Capital Structure Significantly Strengthened
Capital Structure Significantly Strengthened ...............................................................................................................................................................................................................................................................
Slide 8: SEZ Update: Strategic Partnership with Tishman Speyer
SEZ Update : Strategic Partnership with Tishman Speyer Strategic alliance for development of GHCL’s SEZ - 1st Phase of commercial development of 1.2 Mn Sq Ft Synergistic Partnership o Collaboration for SEZ development o Lease Management o Product Innovation Superior Capabilities International Standa
Slide 9: Projects Update: Malabar County
Projects Update Malabar County 3 – construction update o Project Update – 94 % completed, moving towards early delivery o Bookings – 100% booked o Use of precast construction technology for efficient and prompt delivery 8
Slide 10: Projects Update: Malabar Exotica
Projects Update Malabar Exotica – construction update ' ~--==···- ········································ ;= c;..= ;t--",,'r""~ ':5Frr~iiirri ········ --- ···························································· ~ ~ - ······················ ~ ~ , '/'; r- ~ #'- o Project Update – 28 % completed,
Slide 11: Corporate Presentation
C O R P O R A T E P R E S E N T A T I O N
Slide 12: Snapshot: A Leading Real Estate Developer in Gujarat
Snapshot : A Leading Real Estate Developer in Gujarat ,f.i ·.\·- - - - - - - - - - - - - - - - - - - - - - - ~ - - - - - -- ................ Premium Ahmedabad focused developer with strong & differentiated brand that allows leadership position Proven ability to predict growth areas and establish pre
Slide 13: Vision and Mission
Vision and Mission Content Here I VISION Easy to change colors, photos and Text. 52% MISSION “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
Slide 14: 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
Slide 15: 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 16: 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 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 - July’24
Slide 17: Strategic Priorities
Strategic Priorities Being more aggressive towards Building a team for the future, Building both commercial and retail Strengthenin segment, widen customer base g Position focused approach towards Internal across price points and locations team reorganization and reorientation Organization Retaining
Slide 18: 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 19: Investment Thesis
I N V E S T M E N T T H E S I S
Slide 20: 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 21: Well Established Brand; Strong Transparency
1 Well Established Brand; Strong Transparency Ganesh Housing Corporation Limited (‘GHCL’) is the flagship company of Ganesh Group; listed since 1993 Leading residential developer across mid and higher income segment; Enviable track record of identifying several high potential locations and conve
Slide 22: 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 I and construction made in less than completed in two start one year towers
Slide 23: Ahmedabad: A Key Real Estate Hub in Gujarat
3A Ahmedabad: A Key Real Estate Hub in Gujarat Key Market of Gujarat Highly Affordable Ahmedabad Residential Real Estate Market 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 12,000
Slide 24: Significant Land Reserves for Future Growth
3B Significant Land Reserves for Future Growth - ~ ·- l'oc ,.. ~ --- mi~ ~ ~500 acres of land reserves in "-" -,_~ ,. ~ strategic locations across Ahmedabad . . .:-~:t! .>,:~~:.~~~~:~ Molen, r--~- ",~~-✓ 36 msf of development potential Ability to take advantage of favourable market conditions
Slide 25: 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 Large and diversified upcoming portfolio for Expected Sales Value/ balanced cash flow Capitalized Value (INR mn) Saleable/Leasable Area-msft Ongoing/upcoming projects in key
Slide 26: Strong Leadership Team
6 Strong Leadership Team Dipak Kumar Patel - Chairman Shekhar Patel - MD Pankaj Teraiya – President Associated with GHCL since 1991; Veteran with an experience of over (Projects) 01 leading the land related matters and 02 25 years; leading day to day 03 BE Civil with an experience of over 27 govt. l
Slide 27: Consolidated Income Statement (Historical)
Consolidated Income Statement (Historical) Particulars (INR mn) FY22 FY21 FY20 FY19 FY18 Revenue 3,849 1,820 2,773 2,672 5,082 EBITDA 1,355 (377) (504) 770 2,031 1 EBITDA (%) 35.2% (20.7%) (18.2%) 28.8% 39.9% Depreciation 20 17 21 23 26 EBIT 1,335 (394) (525) 747 2,005 Interest 363 748 799 917 1,005
Slide 28: Balance Sheet (Historical)
Balance Sheet (Historical) Particulars (INR mn) FY22 FY21 FY20 FY19 FY18 Equity Share Capital 834 492 492 492 492 Reserves & Surplus 7,064 4,528 5,750 6,980 8,400 Minority Interest 870 871 931 927 927 Shareholder’s Equity 8,768 5,891 7,173 8,399 9,819 Borrowings 1,377 3,393 4,944 6,486 6,770 Other L
Slide 29: Cash Flows and Ratios (Historical)
Cash Flows and Ratios (Historical) Particulars (INR mn) FY22 FY21 FY20 FY19 FY18 Operating Cash Flow excl. WC 1,341 (658) (663) (469) 1,470 Working Capital Changes (931) 1,980 1,890 1,761 (717) Investment Activities 394 434 531 841 260 Financing Activities (852) (1,726) (2,022) (2,162) (1,045) Ratio
Slide 30: Thank You
THANK YOU