Arvind Smartspaces Ltd. · NSE:ARVSMART
Arvind Smartspaces — Q1 FY20 Earnings Presentation
65 slides from Arvind Smartspaces's earnings presentation, Aug 5, 2019
Slide 1: Result Presentation Q1 FY20
Result Presentation Q1 FY20 5th August 2019 1
Slide 2: Key Developments – Operations
Key Developments – Operations New Sales MIS Sales for Q1 FY20 is Rs. 3,911 lacs across projects Project Till date completed and handed over 7 projects measuring total developed area of 2.76 Million sqft Completion as on 30th June 2019 (Alcove, Megatrade, Parishkaar, Trade square, Expansia, Citad
Slide 3: Awards & Recognition – Till Date
Awards & Recognition – Till Date 8th May, 2015 Won the “Emerging developer of the year- Residential” award in Realty Plus Excellence Awards 8th May, 2015 Uplands won the “Luxury project of the year” award in Realty Plus Excellence Awards 20th Feb, 2016 Bagged ”Emerging Developer of the Year – India”
Slide 4: Awards & Recognition – Till Date
Awards & Recognition – Till Date 25th Nov, 2016 Project Arvind Uplands won the “Integrated Township of the Year – India” award in DNA Real Estate & Infrastructure Round Table & Awards 6th Dec , 2016 Arvind SmartSpaces has received “Certificate of Excellence” in ASSOCHAM Top 50 SME Index 8th Dec , 20
Slide 5: Awards & Recognition – Till Date
Awards & Recognition – Till Date 6th Jul, 2017 Arvind Expansia has won “Luxury Project of the year” award at the National Awards for Marketing Excellence in Real Estate and Infrastructure organized by Times Network 19th Aug , 2017 Arvind SmartSpaces has won “Excellence in Upgrading Lifestyle Standar
Slide 6: Awards & Recognition – Till Date
Awards & Recognition – Till Date 14the June, 2019 Arvind Aavishkaar has won “Affordable Housing Project of the Year” award at the Realty Plus Conclave & Excellence Award 2019 6
Slide 7: Consolidated Financials for Q1 FY20
Consolidated Financials for Q1 FY20 Revenue of Rs. 3,681 lacs during Q1 FY20 as against Rs. 2,815 lacs in Q1 FY19 Revenue Revenue up by 31% Yr-on-Yr EBITDA of Rs. 1,065 lacs during Q1 FY20 as against Rs. 649 lacs in Q1 FY19 EBITDA EBITDA up by 64% Yr-on-Yr EBITDA margin at 29% PBT of Rs.
Slide 8: Financials - Others
Financials - Others Collections Total collections of Rs. 6,148 lacs during Q1 FY20 Resulted into positive Net Operational cash flow of Rs. 1,458 lacs Unrecognized Unrecognized revenue from sold units is about Rs. 60,722 lacs Revenue Consolidated debt as on 30th June, 2019 is Rs. 21,856 lacs
Slide 9: Table of Contents
Table of Contents Strategic Performance Financial Performance Project Performance 9
Slide 10: Five Strategic Pillars
Strategic Performance Financial Performance Project Performance Five Strategic Pillars 1. Asset light/ low capex model to optimize ROE 3. Low Financial and Operational Leveraging Focus on JD/JV deals Optimum D/E ratio: • Infuse additional equity based on Focus on Residential segment (low CAPEX requi
Slide 11: Five Strategic Pillars
Strategic Performance Financial Performance Project Performance Five Strategic Pillars 4. Optimum/ conservative risk profile 5. Innovative/Customer-Centric products, designs & services Primary focus on end-consumption residential segment Set industry benchmarks in Product Designs and Innovation Stea
Slide 12: Financial Snapshots (Past Years)
Strategic Performance Financial Performance Project Performance Financial Snapshots (Past Years) Rs. in Crores Growth Particular FY14 FY15 FY16 FY17 FY18 FY19 % Topline 66.8 86.6 116.4 160.0 202.0 264.3 296% EBITDA 20.2 25.2 36.7 46.4 65.0 70.3 249% EBITDA % 30% 29% 32% 29% 32% 27% PAT 9.3 10.6 17.2
Slide 13: Financial Snapshots (Past Years)
Strategic Performance Financial Performance Project Performance Financial Snapshots (Past Years) Topline ( Rs. in Crores) EBIDTA (Rs.in Crores) 270 80 240 264.3 70 210 70.3 180 60 65 202 150 50 160 120 40 46.4 90 116.4 30 36.7 60 86.6 20 66.8 25.2 30 20.2 10 0 0 FY14 FY15 FY16 FY17 FY18 FY19 FY14 FY
Slide 14: Sales Highlights - Year
Strategic Performance Financial Performance Project Performance Sales Highlights - Year Growth Particulars FY19 FY18 % Area Sold (Sq. Ft.) 7,69,227 5,98,027 29% Booking Value (INR Cr.) 280.5 104.0 170% 14
Slide 15: Sales Highlights - Quarter
Strategic Performance Financial Performance Project Performance Sales Highlights - Quarter Growth Growth Particulars Q1 FY20 Q1 FY19 FY19 % % Area Sold (Sq. Ft.) 1,68,692 40,539 316% 7,69,227 29% Booking Value (INR Cr.) 39.10 34.10 15% 280.53 170% 15
Slide 16: Inventory – No. of Units Available for Sale
Strategic Performance Financial Performance Project Performance Inventory – No. of Units Available for Sale As on April As on April As on April Growth % Particulars 1, 2017 1, 2018 1, 2019 YOY No. of Units available for sale 1,444 1,307 2,597 80% Note :- As on June 30, 2019, 2,549 units are availabl
Slide 17: Financial Snapshots (Consolidated Quarter)
Strategic Performance Financial Performance Project Performance Financial Snapshots (Consolidated Quarter) Rs. in Crores Particular Q1 FY20 Q1 FY19 Topline 37 28 EBITDA 11 6 EBITDA % 29% 24% PAT after OCI 3 1 PAT after OCI % 7% 4% 17
Slide 18: Financial Snapshot (Consolidated Quarter)
Strategic Performance Financial Performance Project Performance Financial Snapshot (Consolidated Quarter) Turnover EBITDA Rs. in lacs 5,000 2,000 3,681 1,700 4,000 2,815 1,400 1,065 3,000 1,100 649 2,000 800 1,000 500 Q1 FY20 Q1 FY19 Q1 FY20 Q1 FY19 PAT YoY Growth % 300 258 126% 140% 120% 100% 64% 2
Slide 19: Cash Flow – Abstract (Consolidated)
Strategic Performance Financial Performance Project Performance Cash Flow – Abstract (Consolidated) Rs. in lacs Notes Particulars Q1 FY20 FY19 Operating Cash Flow Residential sales cash flow 6,011 20,862 Commercial sales cash flow 137 542 Total Operating cash Flow 6,148 21,404 A Construction and rel
Slide 20: Cash Flow – Abstract (Consolidated)
Strategic Performance Financial Performance Project Performance Cash Flow – Abstract (Consolidated) Notes Particulars Q1 FY20 FY19 Rs. in lacs Financial Cash Flow Inflow on Capital - 3,272 B Interest and corporate taxes -1,354 -3,142 Net financial Cash Flow 1,354 130 Capital Cash Flow Land & approva
Slide 21: Balance Sheet – Abstract (Consolidated)
Strategic Performance Financial Performance Project Performance Balance Sheet – Abstract (Consolidated) Rs. in lacs As on As on Particulars 31.03.2019 31.03.2018 Property plant and equipment 962 992 Capital work in progress 1,416 1,219 Non-current financial assets 4,400 648 Other non current assets
Slide 22: Balance Sheet – Abstract (Consolidated)
Strategic Performance Financial Performance Project Performance Balance Sheet – Abstract (Consolidated) Rs. in lacs As on As on Particulars 31.03.2019 31.03.2018 Equities 26,500 31,408 Non current financial liabilities 8,227 12,009 Other non current liabilities 0 0 Current financial liabilities 16,4
Slide 23: Profit & Loss Account – Abstract (Consolidated)
Strategic Performance Financial Performance Project Performance Profit & Loss Account – Abstract (Consolidated) Rs. in lacs % of Particulars Q1 FY20 Q1 FY19 Growth Net Sales/Income from Operations 3,655 2,749 33% Other Income 26 66 Total Revenue 3,681 2,815 31% Operating Costs 927 830 Employee Benef
Slide 24: Profit & Loss Account – Abstract (Consolidated)
Strategic Performance Financial Performance Project Performance Profit & Loss Account – Abstract (Consolidated) Rs. in lacs % of Particulars Q1 FY20 Q1 FY19 Growth ** Depreciation and Amortization 29 28 Finance Cost 533 459 PBT 503 161 211% PBT % 14% 6% Tax Expenses 221 47 Share of JV/Non-Controllin
Slide 25: Performance of Scrip (From Listing)
Strategic Performance Financial Performance Project Performance Performance of Scrip (From Listing) Performance of Scrip(from Listing) 500 380 450 330 400 350 280 300 230 250 180 200 150 130 BSE Sensex Index BSE Realty Index 100 80 50 ASL Index 30 0 Jul-16 Jul-17 Jul-18 Jun-16 Jun-17 Jun-18 Jun-19 M
Slide 26: Shareholding Pattern (%)
Strategic Performance Financial Performance Project Performance Shareholding Pattern (%) 30-Jun- 31-Mar- 31-Dec- 30-Sept- Category 19 19 18 18 Promoter and 59.40% 59.60% 59.83% 60.22% Others, 36.66% Promoter Group Foreign Institutional 0.03% 0.03% 0.03% 0.10% Promoter and Investors(FIIs) Promoter Gr
Slide 27: Project Portfolio
Strategic Performance Financial Performance Project Performance Project Portfolio Completed Projects Ongoing Projects 27
Slide 28: Project till Date Synopsis
Strategic Performance Financial Performance Project Performance Project till Date Synopsis Est. Area Area Booked Inventory as Booking Value Revenue Project Residential Avg. Price Till Date on Date till Date Recognized till Completion Projects (Rs./sqft) (sqft) (sqft) (sqft) (Rs. Lac) Date (Rs. Lac)
Slide 29: Project till Date Synopsis
Strategic Performance Financial Performance Project Performance Project till Date Synopsis Est. Area Area Booked Inventory as Booking Value Revenue Project Residential Avg. Price Till Date on Date till Date Recognized till Completion Projects (Rs./sqft) (sqft) (sqft) (sqft) (Rs. Lac) Date (Rs. Lac)
Slide 30: Quarterly Synopsis
Strategic Performance Financial Performance Project Performance Quarterly Synopsis Residential Area Booked in Units Booked in Sales Value for Amount Collected in Revenue Recognized Projects Q1FY20 (sqft.) Q1FY20 (nos.) Q1FY20 (Rs. Lac) Q1FY20 (Rs. Lac) in Q1FY20 (Rs. Lac) Sporcia 3.926 3 239 31 1,73
Slide 31: Sporcia
Strategic Performance Financial Performance Project Performance Sporcia Location: Hebbal, Bengaluru Product: High rise Residential Apartments Project Size: 456 Apartments Deal Structure: Outright Purchase Architect: RSP Design Features: Indoor and Outdoor Sports Amenities Entertainment &
Slide 32: Sporcia
Strategic Performance Financial Performance Project Performance Sporcia Project Site 32
Slide 33: Sporcia
Strategic Performance Financial Performance Project Performance Sporcia Project Site 33
Slide 34: Sporcia
Strategic Performance Financial Performance Project Performance Sporcia Club House Interior 34
Slide 35: Sporcia
Strategic Performance Financial Performance Project Performance Sporcia Sample Flat 35
Slide 36: Uplands
Strategic Performance Financial Performance Project Performance Uplands Location: Nasmed Village, Gandhi Nagar Product: Premium golf based township Project Size: 189 Villas (Phase I) Deal Structure: Joint Development Architect: Woods Bagot Features: 9 Hole Executive Golf Course 3 Clubs (
Slide 37: Uplands
Strategic Performance Financial Performance Project Performance Uplands Rendered image Golf Course Construction 37
Slide 38: Uplands
Strategic Performance Financial Performance Project Performance Uplands Actual Site Image - Zen Building 38
Slide 39: Uplands
Strategic Performance Financial Performance Project Performance Uplands Actual Site Image - Zen Cafeteria 39
Slide 40: Uplands
Strategic Performance Financial Performance Project Performance Uplands Actual Villa Construction 40
Slide 41: Uplands
Strategic Performance Financial Performance Project Performance Uplands Actual Villa Construction 41
Slide 42: Uplands
Strategic Performance Financial Performance Project Performance Uplands Sample Villa Construction 42
Slide 43: Uplands
Strategic Performance Financial Performance Project Performance Uplands Sample Villa Interior 43
Slide 44: Beyond Five
Strategic Performance Financial Performance Project Performance Beyond Five Location: Moti Devti, Sanand, Ahmedabad Product: Weekend Homes - Plots Project Size: 814 Units Deal Structure: Joint Development Architect: Woods Bagot Features 9 Hole Executive Golf Course Clubhouse powered by S
Slide 45: Beyond Five
Strategic Performance Financial Performance Project Performance Beyond Five Villa side view Club house 45
Slide 46: Megaestate
Strategic Performance Financial Performance Project Performance Megaestate Location: Naroda Road, Ahmedabad Product: Industrial Sheds Project Size: 30 Sheds (Phase I) Deal Structure: Development Agreement Architect: E-Cube Features State of the art design Contemporary external façade Con
Slide 47: Megaestate
Strategic Performance Financial Performance Project Performance Megaestate Actual Site Images – Shed Construction 47
Slide 48: Megapark
Strategic Performance Financial Performance Project Performance Megapark Location: Changodar, Ahmedabad Product: Industrial Sheds & Plots Project Size: 151 Sheds & 23 Plots Deal Structure: Joint Development Architect: In house Features Business Centre with allied facility Conference Hall
Slide 49: Megapark
Strategic Performance Financial Performance Project Performance Megapark Construction work at Site 49
Slide 50: Megapark
Strategic Performance Financial Performance Project Performance Megapark Construction work at Site – Sample Shed 50
Slide 51: Skylands
Strategic Performance Financial Performance Project Performance Skylands Location: Jakkur Road, Shivanahalii,Bengaluru Product: High rise Residential Apartments Project Size: 417 Units Deal Structure: Outright Purchase Architect: Apurva Amin Features Sky lounge on terrace Jogging track o
Slide 52: Skylands
Strategic Performance Financial Performance Project Performance Skylands Overall site View 52
Slide 53: Skylands
Strategic Performance Financial Performance Project Performance Skylands Construction at Site 53
Slide 54: Skylands
Strategic Performance Financial Performance Project Performance Skylands Model Flat 54
Slide 55: Skylands
Strategic Performance Financial Performance Project Performance Skylands Model Flat 55
Slide 56: Oasis
Strategic Performance Financial Performance Project Performance Oasis Location: Tumkur Road, Bengaluru Product: 2&3 BHK Residential Apartments Project Size: 452 units Deal Structure: Outright Purchase Architect: Apurva Amin Features: Aqua Center Terrace café Central Landscape Area Senior
Slide 57: Oasis
Strategic Performance Financial Performance Project Performance Oasis Actual Site Image 57
Slide 58: Oasis
Strategic Performance Financial Performance Project Performance Oasis Sample Flat & Sales Office Images 58
Slide 59: Aavishkaar
Strategic Performance Financial Performance Project Performance Aavishkaar Location: Naroda Road, Ahmedabad Product: Affordable Residential Apartments Project Size: 1200 Units Deal Structure: Development Agreement Architect: Vitan (Jagrut & Partners LLP) Features: Gated community & CCTV
Slide 60: Aavishkaar
Strategic Performance Financial Performance Project Performance Aavishkaar Actual Construction Image 60
Slide 61: Elan
Strategic Performance Financial Performance Project Performance Elan Location: Kothrud Road, Pune Product: High rise Residential Apartments Project Size: 81 Units Deal Structure: Development Agreement Architect: A & T Consultants Features: Landscape Walkway Club Terrace Café Sitting Outd
Slide 62: Elan
Strategic Performance Financial Performance Project Performance Elan Actual Construction Image 62
Slide 63: Immediate Project Pipeline
Strategic Performance Financial Performance Project Performance Immediate Project Pipeline New Project, Bengaluru* (The Edge) New Project, Bengaluru** Land Area: 1 Acres Land Area: 3 Acres Built Up Area: 1.50 lacs Sft Built Up Area: 4 lacs Sft Product Type: Commercial/Retail Product Type
Slide 64: Thank You
Thank You Arvind SmartSpaces Ltd Investor Relations: (CIN: L45201GJ2008PLC055771) Registered & Corporate Office: Mehul Shah 24, Govt. Servant’s Society, Chief Financial Officer Adj. Municipal Market, Email: mehul.shah@arvind.in C. G. Road, Ahmedabad- 380009 Tel: +91 79 30137000 Prakash Makwana www.a
Slide 65: Annexure
Annexure Note Considering the nature of the business carried on by the Company whereby revenues do not necessarily accrue evenly over the projects period, the revenues of the quarter and/or the year may not be strictly comparable with the results of the corresponding quarter and/or the year. Total a