Ashiana Housing Limited · NSE:ASHIANA
Ashiana Housing — Q2 FY2023 Earnings Presentation
35 slides from Ashiana Housing's earnings presentation, Nov 15, 2022
Slide 1: Submission letter to BSE and NSE
Date: 15th November 2022 To To The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, Plot no. C/1, G Block Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Security Code No.: 523716 NSE Symbol: ASHIANA Sub
Slide 2: For the Quarter ended 30th Sep 2022
For the Quarter ended 30th Sep 2022 BSE: 523716 | NSE: ASHIANA | BLOOMBERG: ASFI:IN| REUTERS: AHFN.NS | WWW.ASHIANAHOUSING.COM © 2020, ASHIANA HOUSING LIMITED. ALL RIGHTS RESERVED.
Slide 3: Safe Harbor
Safe Harbor Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "p
Slide 4: Glossary
Glossary Saleable Area Total saleable area of the entire project corresponding to 100% economic interest of all parties Projects in respect of which (i) all title, development rights or other interest in the land is held either directly by our Company and/or our Subsidiaries and/or other entities in
Slide 5: Contents
Contents 01 Highlights and Overview 02 Ongoing Projects 03 Financials 04 Future Outlook 05 Annexures © Ashiana Housing Limited, All Rights Reserved. 4
Slide 6: Highlights and Overview
Highlights and Overview 01 Highlights 02 Operational Overview 03 Financial Overview 04 Quarterly Performance 05 Cash Flow Position © Ashiana Housing Limited, All Rights Reserved. 5
Slide 7: Highlights
Highlights Ashiana Malhar was launched in Pune under Premium Homes category. Delivered 1.63 lakhs sq ft in Shubham Phase 3. Value of Area Booked recorded at INR 240.19 Crores (Q2FY23) vs INR 152.14 Crores (Q1FY23). Improvement in realization price at Rs 4,904 per sq. ft. in Q2FY23 as compare
Slide 8: Quarterly Operational Overview
Quarterly Operational Overview 6.00 5.00 4.90 4.50 4.51 4.38 Area booked was 4.90 Lakh Sq Ft in Q2 FY23 vs 3.34 4.00 3.85 Lakhs Sq. ft in Q1FY23 3.34 In Lakhs Sq. ft. 3.00 EAC was 4.38 Lakh Sq Ft in Q2 FY23 vs 3.85 lakhs Sq ft in Q1 FY23 2.00 1.00 0.00 Equivalent Area Constructed Area Booked Not
Slide 9: Quarterly Financial
Quarterly Financial 100 91.7 81.2 80 Sales and Other income increased to INR 91.72 Crores in Q2FY23 vis a vis INR 81.2 60.7 60 57.6 Crores in Q1FY23 PAT was recorded at negative INR 1.81 Crs 40 for Q2FY23 vis a vis INR 10.3 Crores in 27.7 Q1FY23 20 10.3 *Pre-Tax Operating Cash Flow was at 0 ne
Slide 10: Quarter wise Performance
Quarter wise Performance INR Crores Lakhs Sq. ft. Lakhs Sq. ft. Lakhs Sq. ft. Period Entity Area Delivered & Value of Area Equivalent Area Area Booked Recognized for Booked Constructed* Revenue AHL 224.19 4.52 4.37 1.70 FY23 Quarter 2 Partnership 15.99 0.38 0.01 0.37 Total 240.19 4.90 4.38 2.07 AHL
Slide 11: Quarterly Sales Trend
Quarterly Sales Trend Project Location Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 AHL (Area in Sq. Ft. ) Aangan Neemrana Neemrana 3,750 (1,199) 1,450 1,450 - - - - Anmol Gurgugram 38,055 60,895 2,550 28,495 85,788 58,126 1,04,384 1,81,226 Tarang Bhiwadi 5,536 20,494 16,713 15,561 9,493
Slide 12: Project wise Cash Flow Position in Ongoing Projects
Project wise Cash Flow Position in Ongoing Projects Sale Value of Area Amount Equivalent Area Saleable Area Area Booked Entity Location Project Phase Booked Received Constructed * (Lakhs Sq. ft.) (Lakhs Sq. ft.) (INR Crores) (INR Crores) (Lakhs Sq. ft.) AHL AHL Bhiwadi Nirmay 4 2.09 1.77 66.80 37.53
Slide 13: Cash Flow Position in Ongoing Projects
Cash Flow Position in Ongoing Projects Equivalent Sale Value of Area Amount Saleable Area Area Booked Area Entity Booked Received (Lakhs Sq. ft.) (Lakhs Sq. ft.) Constructed* (INR Crores) (INR Crores) (Lakhs Sq. ft.) AHL 47.92 37.05 1,442.86 911.28 28.78 Partnership 0.00 0.00 0.00 0.00 0.00 Grand To
Slide 14: Ongoing Projects
Ongoing Projects 01 Geographical Presence 02 Ongoing Projects Summary 03 Break up of Area Booked Operational data - Yearly 04 - Quarterly © Ashiana Housing Limited, All Rights Reserved. 13
Slide 15: Geographical Presence
Geographical Presence Saleable Area of Ongoing Projects Pune , 7% Bhiwadi , 8% Chennai, 5% Gurugram, 15% Jodhpur, 3% Jamshedpur, 20% Jaipur , 42% © Ashiana Housing Limited, All Rights Reserved. 14
Slide 16: Ongoing Projects Summary – Expected Completion Timeline
Ongoing Projects Summary – Expected Completion Timeline Expected Saleable Area Area Booked Timeline as Location Project Phase Economic Interest Project Type Customer (Lakhs Sq. ft.) (Lakhs Sq. ft.) per RERA** Handover Date Bhiwadi Nirmay 4 100% Senior Living 2.09 1.77 Q3FY25 Q3FY24 Bhiwadi Tarang 3
Slide 17: Break Up of Area Booked (QoQ)
Break Up of Area Booked (QoQ) Jamshedpur Jodhpur Jodhpur 4% 2% 2% Jamshedpur Chennai Bhiwadi Bhiwadi 5% Chennai 4% 13% 21% 6% Jaipur Q2 FY23 23% Q1 FY23 Neemrana Jaipur Gurugram 33% 0% Gurugram 37% 31% Pune Neemrana Pune 19% 0% Jodhpur Gujarat Gujarat 6% 0% 0% Bhiwadi Jodhpur Jamshedpur Jamshedpur 1
Slide 18: Yearly Operational Data
Yearly Operational Data Particulars Unit FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 Equivalent Area Lakhs Sq. ft. 17.87 22.8 23.44 17.39 8.16 7.68 9.85 11.66 16.20 Constructed* Area Booked Lakhs Sq. ft. 22.13 18.12 8.63 6.96 6.93 10.79 19.82 14.97 14.76 Value of Area INR Lakhs 64,756 54,7
Slide 19: Quarterly Operational Data
Quarterly Operational Data Particulars Unit Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Equivalent Area Lakhs Sq. ft. 3.54 3.90 2.89 4.50 3.73 5.07 3.85 4.38 Constructed* Area Booked Lakhs Sq. ft. 3.57 8.30 1.51 4.51 4.21 4.53 3.34 4.90 Value of Area Booked INR Lakhs 13,157 29,969 5,220
Slide 20: Financials
Financials 01 Financial Summary YoY 02 Financial Summary QoQ © Ashiana Housing Limited, All Rights Reserved. 19
Slide 21: Financial Summary YoY (Consolidated)
Financial Summary YoY (Consolidated) Particulars Unit FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 Sales and Other Income INR Crores 542.67 397.02 334.92 350.63 317.55 259.31 233.59 Operating Expenditure INR Crores 385.47 291.00 266.92 303.37 316.84 241.11 230.71 EBITDA INR Crores 157.20 106.02 68.00 4
Slide 22: Financial Summary QoQ (Consolidated)
Financial Summary QoQ (Consolidated) Particulars Unit Q1FY21 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Sales and Other Income INR Crores 38.19 50.05 89.71 81.36 40.43 60.69 54.19 78.28 81.22 91.72 Operating Expenditure INR Crores 36.98 49.24 71.23 83.66 44.10 63.33 55.08 68.19 6
Slide 23: Future Outlook
Future Outlook 01 Future Projects Summary Land available for Future 02 Development Completed Projects having 03 Inventory © Ashiana Housing Limited, All Rights Reserved. 22
Slide 24: Future Projects Summary
Future Projects Summary Saleable Area Location Project Phase Economic Interest (Lakhs Sq. ft.) Bhiwadi Ashiana Tarang 4,5 & 6 100% 6.86 Bhiwadi Ashiana Advik All 100% 14.11 Jaipur Ashiana Umang 6 100% 2.12 Jaipur Ashiana Ekaansh All 77.25% Revenue Share 9.65 Gurugram Ashiana Amarah All 100% 20.68 Ch
Slide 25: Land available for Future Development
Land available for Future Development Estimated Estimated Area Location Land/ Project Name Saleable Area Economic Interest Proposed Development (Acres) (Lakhs Sq. ft) Bhiwadi Milakpur 40.63 31.00 100% Premium Homes*/ Senior Living 85% Revenue Kolkata Ashiana Maitri/Nitya 19.72 14.88 Premium Homes /S
Slide 26: Completed Projects having Inventory
Completed Projects having Inventory Area Booked & Area Recognised For Unbooked Saleable Area Booked Area Unrecognised For Location Projects Phase Share in Project Type Revenue Area (Lakhs Sq. ft.) (Lakhs Sq. ft.) Revenue (Lakhs Sq. ft.) (Lakhs Sq. ft.) (Lakhs Sq. ft.) Bhiwadi Ashiana Tarang 1,2 & Pl
Slide 27: Shareholding Pattern as on 30th Sep 2022
Shareholding Pattern as on 30th Sep 2022 Shareholding Pattern Institutional Holding above 1% Shareholding Pattern as on 30th Sep, 2022 Others 23.07% Rank Fund / Institution No. of Shares % Holding FII & FPI 1 India Capital Fund Limited 72,40,964 7.07% 7.54% Promoter & Promoter 2 SBI Contra Fund 46,6
Slide 28: For Any Queries, Contact
investorrelations@ashianahousing.com For Any Queries, Contact +91 11 4265 4265 Regd. Office: 11G Everest, 46/C, Chowringhee Road, Kolkata - 700 071. West Bengal, India. Ph: 033-4037860 Head Office: 304, Southern Park, Saket District Centre, Saket, New Delhi – 110017 Ph : 011-4265 4265 © 2020 Ashiana
Slide 29: Annexure
Annexure 01 About Ashiana 02 Business Model 03 Accolades 04 Abbreviations © Ashiana Housing Limited, All Rights Reserved. 28
Slide 30: About Ashiana
About Ashiana Incorporation / 1979 in Patna, New Delhi Headquarters Industry Real Estate with focus on residential apartments Business Premium Homes, Senior Living & Kid Centric Homes Segments Areas of Jaipur, Bhiwadi, Jodhpur, Jamshedpur, Neemrana, Operation Gurugram, Lavasa, Halol, Chennai and Kol
Slide 31: Business Model
Business Model In house end-to-end construction capabilities – Ensure higher control over cost and quality High quality in-house and flexibility in execution construction Focus on use of high quality and efficient construction methodologies & techniques to help reduce time and cost Instead of broker
Slide 32: Accolades
Accolades Awards & Recognitions 2010 2011 2012 2013 2014 2015 • Rated by FORBES’ among • Ashiana Aangan, • Received Bhamashah award • Awarded as Realty Giants • CNBC Awaaz • Ashiana Aangan Bhiwadi Asia's 200 Best Under a Bhiwadi awarded as for Contribution made in the North India by Realty Kings fel
Slide 33: Abbreviations
Abbreviations Sq. ft.: Square Feet EAC: Equivalent Area Constructed PAT : Profit after Tax EBITDA: Earning before Interest, Tax, Depreciation and Amortization TCI: Total Comprehensive Income © Ashiana Housing Limited, All Rights Reserved. 32
Slide 34: Glossary
Glossary Saleable Area Total saleable area of the entire project corresponding to 100% economic interest of all parties Projects in respect of which (i) all title, development rights or other interest in the land is held either directly by our Company and/or our Subsidiaries and/or other entities in
Slide 35: Safe Harbor
Safe Harbor Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "p