Slide 1: Exchange filing cover letter
AIVIIID SMA1TSPACES 12th August, 2022 To, To, BSE Limited National Stock Exchange of India Limited Listing Dept. / Dept. of Corporate Services, Listing Dept., Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers, Plot No. C/1, G. Block, Bandra-Kurla Complex, Dalai Street, Mumbai - 400 001. Bandra (E
Slide 2: Information Update Q1FY23
ARVIND A U G U S T ARVIND SMARTSPACES 2 0 2 2 SMARTPACES LIMITED LIMITED INFORMATION UPDATE Q1FY23
Slide 3: Q1FY23 Performance
ARVIND SMARTPACES SMARTSPACES LIMITED 2 Q1FY23 PERFOR- MANCE ▪ OPERATIONAL HIGHLIGHTS ▪ FINANCIAL HIGHLIGHTS
Slide 4: Bookings: Q1FY23
OPERATIONAL HIGHLIGHT BOOKINGS: Q1FY23 ARVIND SMARTPACES LIMITED 3 BOOKINGS (In ₹ Cr.) 207 184 156 158 144 150 118 110 110 22 PY CY Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q1FY22 Q1FY23 Growth (YoY) ₹110 Cr ₹ 118 Cr 8%
Slide 5: Bookings: Project-wise Q1FY23
OPERATIONAL HIGHLIGHT BOOKINGS: PROJECT-WISE ARVIND SMARTPACES LIMITED Q1FY23 4 BOOKINGS Q1 FY 22 Q1 FY 23 Project wis e Rs . Cr Rs . Cr Uplands 41 32 High Grove / CW 35 38 Forreste 17 3 S kylands 5 9 Belair 1 18 Oasis 5 14 T he E dge (1 ) 1 Aavishkaar 3 2 E lan 3 1 Other Completed Projects 1 0 Tota
Slide 6: Unrecognized Revenue: Q1FY23
OPERATIONAL HIGHLIGHT UNRECOGNIZED REVENUE: Q1FY23 ARVIND SMARTPACES LIMITED 5 UNRECOGNIZED REVENUE (In ₹ Cr.) 1061 1005 832 Q1FY22 Q4FY22 Q1FY23 June 30, 2021 June 30, 2022 ₹832 Cr ₹1,061 Cr
Slide 7: Collections & Net Debt: Q1FY23
OPERATIONAL HIGHLIGHT COLLECTIONS & NET DEBT: Q1FY23 ARVIND SMARTPACES LIMITED 6 Q1FY23 COLLECTIONS (In ₹ Cr.) Q1FY23 NET DEBT (In ₹ Cr.) 161 160 76 154 133 133 119 119 105 June 30, 2021 Mar 31, 2022 June 30, 2022 67 21 PY CY -92 -107 Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Net Interest-bearing funds as
Slide 8: Key Updates: Q1FY23
QUARTER HIGHLIGHTS KEY UPDATES: Q1FY23 ARVIND SMARTPACES LIMITED 7 Q1FY23 HIGHLIGHTS PROJECTS IN PIPELINE ONGOING PROJECTS • Projects yet to be • Healthy sales momentum continues • Currently, executing 8 launched measures approx. • Measured price hikes taken across projects in Ahmedabad, 7.2 mn. sq
Slide 9: P&L: Q1FY23
FINANCIAL HIGHLIGHT P&L: Q1FY23 ARVIND SMARTPACES LIMITED 8 Q1FY23 CONSOLIDATED HIGHLIGHTS REVENUE FROM OPERATIONS (In ₹ Cr.) EBITDA & EBITDA MARGINS (In ₹ Cr.) PAT & PAT MARGINS (In ₹ Cr.) 161 25 30% 35% 14% 12% 16 9% 9% 30% 14 12% 20 18% 12 25% 10% 15 14% 20% 10 60 8% 8 15% 6% 10 27 6 10% 4% 8 22
Slide 10: Q1FY23 Synopsis
FINANCIAL HIGHLIGHT Q1FY23 SYNOPSIS ARVIND SMARTPACES LIMITED 9 Amount Revenue Area B ooked Units B ooked S ales Value Projects Collected in Q1 Recognized in Q1 in Q1 FY 23 in Q1 FY 23 for Q1 FY 23 FY 23 FY 23 (sq ft.) (nos.) (R s. Cr) (R s. Cr) (R s. Cr) S kylands 1 6,507 14 9 7 6 Uplands ONE 1 9,2
Slide 11: Debt Profile
FINANCIAL HIGHLIGHT DEBT PROFILE ARVIND SMARTPACES LIMITED 10 Amount in ₹ Cr. 30-Jun-2021 31-Mar-2022 30-Jun-2022 Gross Debt* 147 2 3 Net Interest-bearing funds 76 (107) (92) Net Interest-bearing funds 0.25 (0.26) (0.22) to Equity
Slide 12: Project Portfolio
ARVIND SMARTPACES SMARTSPACES LIMITED 11 PROJECT PORTFOLIO ▪ COMPLETED PROJECTS ▪ PROJECTS UNDER EXECUTION ▪ PROJECTS IN PIPELINE ▪ SYNOPSIS
Slide 13: Project Portfolio - Completed
COMPLETED PROJECTS PROJECT PORTFOLIO - COMPLETED ARVIND SMARTPACES LIMITED 12 Total Unsold Booking Revenue Average Price Booked Collections City Project Saleable Inventory Value Recognized (Price till date) (Sqft) (Sqft) (Sqft) (₹ Cr) (₹ Cr) (₹ Cr) ₹ / Sq ft Aavishkaar 5,45,524 3,51,846 1,93,678 94
Slide 14: Project Portfolio - Ongoing
ONGOING PROJECTS PROJECT PORTFOLIO - ONGOING ARVIND SMARTPACES LIMITED 13 Total Unsold Booking Revenue Average Price Booked Collections City Project Saleable Inventory Value Recognized (Price till date) (Sqft) (Sqft) (Sqft) (₹ Cr) (₹ Cr) (₹ Cr) ₹ / Sq ft Chirping Woods 13,39,092 7,13,165 6,25,927 74
Slide 15: Devanahalli, Bangalore (Upcoming)
PROJECTS IN PINELINE DEVANAHALLI, BANGALORE (UPCOMING) ARVIND SMARTPACES LIMITED 14 DEVANAHALLI, PLOTTED DEVELOPMENT PROJECT 100% 58 Acres 1.13 Mn Sq ft 400 Cr REVENUE SHARE LAND AREA INDICATIVE INDICATIVE INCREASED AFFINITY TOWARDS SALEABLE AREA TOPLINE PLOTTED DEVELOPMENTS, 72% OF THE PLOTS LAUNCH
Slide 16: Bavlu, Gandhinagar (Upcoming)
PROJECTS IN PINELINE BAVLU, GANDHINAGAR (UPCOMING) ARVIND SMARTPACES LIMITED 15 RESIDENTIAL PLOTTING PROJECT ~44 Acres ~2 Mn Sq ft 150 Cr LAND AREA INDICATIVE SALEABLE AREA INDICATIVE TOPLINE AS PER EASE OF LIVING INDEX 2020, PUNE IS RANKED 2ND IN INDIA THUS CEMENTING ITS In Aug. 2022, signed a bind
Slide 17: Forreste V, Ahmedabad (Upcoming)
PROJECTS IN PINELINE FORRESTE V, AHMEDABAD (UPCOMING) ARVIND SMARTPACES LIMITED 16 LAND ORIENTED PREMIUM VILLA TOWNSHIP PROJECT PROJECT USP AMENITIES ▪ A thick forest* trail with more than 25 ▪ Forest Trail ▪ Forest Sit-outs 14 Acres 0.9 Mn Sq ft 180 Cr ▪ A 40,000 sq. ft. state-of-the-art clubhouse
Slide 18: Sarjapur, Bangalore (Upcoming)
PROJECTS IN PINELINE SARJAPUR, BANGALORE (UPCOMING) ARVIND SMARTPACES LIMITED 17 RESIDENTIAL VILLA PROJECT 65% 17 Acres 0.88 Mn Sq ft 600 Cr REVENUE SHARE LAND AREA INDICATIVE INDICATIVE IN 2021, THE CITY REGISTERED SALEABLE AREA TOPLINE A SURGE IN LAUNCHES BY 43% AND SALES BY 33% In October 2021, s
Slide 19: Project Portfolio
PROJECT PORTFOLIO PROJECT PORTFOLIO ARVIND SMARTPACES LIMITED 18 Estimated Completion Status City Project Type Structure Economic Interest Date Total A. Completed Ahmedabad Alcove Residential Owned 100% Complete 10,32,660 Citadel Residential Owned 100% Complete 1,01,859 Megaestate Industrial Owned 1
Slide 20: Estimated Operating Cash Flow
PROJECT PORTFOLIO ESTIMATED OPERATING CASH FLOW ARVIND SMARTPACES LIMITED 19 Total Est. Sales Estimated Value Balance Cost to Est. Operating ₹ Cr Status Booking Value Receivables Value of Inventory be Incurred* Cashflow Ahmedabad Completed 568 491 35 77 1 111 Ongoing 1,795 1,334 428 461 694 195 Yet
Slide 21: Awards and Recognition
ARVIND SMARTPACES SMARTSPACES LIMITED 20 AWARDS AND RECOG- NITION ▪ FY23
Slide 22: Awards & Accolades
ACCOLADES AWARDS & ACCOLADES ARVIND SMARTPACES LIMITED 21 Inspiring CEO of India 2022 @ 2nd Edition of The Economic Times CEO Conclave
Slide 23: Awards & Accolades
ACCOLADES AWARDS & ACCOLADES ARVIND SMARTPACES LIMITED 22 Realty+ 40 Under 40 Business World CFO - 40 Under 40
Slide 24: Awards & Accolades
ACCOLADES AWARDS & ACCOLADES ARVIND SMARTPACES LIMITED 23 Digital Innovation Of The Year for Arvind Belair – Online Booking Platform Marketer Of The Year – Viral Shah
Slide 25: About the Company
ARVIND SMARTPACES SMARTSPACES LIMITED 24 ABOUT THE COMPANY
Slide 26: Overview
About The Company OVERVIEW ARVIND SMARTPACES LIMITED 25 Part of Lalbhai Group with a 120- Corporate developer with a strong Robust governance & experienced year legacy, listed in 2015 post trusted consumer brand, benefiting professional management, demerger from Arvind Ltd from consolidation post RE
Slide 27: The Journey So Far
About The Company THE JOURNEY SO FAR ARVIND SMARTPACES LIMITED 26 Preferential issue of Rs. 85 Cr to HDFC Capital Advisors (8.8% on fully diluted basis) and Promoters In April 2021, preferential issue of 7.4% equity to MD & CEO Sales crosses Rs. 500 Cr+ mark inspite of Covid-19 disruption Commenceme
Slide 28: Bookings Trend
About The Company BOOKINGS TREND ARVIND SMARTPACES LIMITED 27 BOOKINGS (In ₹ Cr.) 700 600 500 400 300 200 46% CAGR 100 91 113 277 286 529 601 FY16 – FY22 0 FY17 FY18 FY19 FY20 FY21 FY22 FY21 FY22 Growth (YoY) ₹529 Cr ₹601Cr 14%
Slide 29: Financial Performance
About The Company FINANCIAL PERFORMANCE ARVIND SMARTPACES LIMITED 28 REVENUE (In ₹ Cr.) EBITDA AND EBIDTA MARGIN (In ₹ Cr.) 28% 31% 30% 26% 27% 100 35% 299 90 262 257 30% 19% 80 198 25% 70 159 149 60 20% 50 15% 40 30 10% EBITDA 44 61 68 89 41 49 Margin (%) 20 5% 10 0 0% FY17 FY18 FY19 FY20 FY21 FY22
Slide 30: Carved Its Niche in Residential Development Projects
About The Company CARVED ITS NICHE IN RESIDENTIAL ARVIND SMARTPACES LIMITED DEVELOPMENT PROJECTS 29 PROJECT CLASSIFICATION (ONGOING AND PLANNED) JUNE2022 RESIDENTIAL HORIZONTAL LUXURY 24% MID-MARKET 67% 70% AFFORDABLE 9% X% VERTICAL X% 97% 30% X% COMMERCIAL / 3% INDUSTRIAL
Slide 31: Listed (2015), Corporate Real Estate Developer Since 2008
About The Company LISTED (2015), CORPORATE REAL ESTATE ARVIND SMARTPACES LIMITED DEVELOPER SINCE 2008 30 CAPITAL PAYMENTS MULTIPLE LAND SOURCING MODELS Completed • 70% Projects are through JDs Ongoing • One DM Project with Arvind Limited Planned VALUE SHARE in % VOLUME SHARE in % PROJECT PORTFOLIO (
Slide 32: Venturing into Newer Geographies in a Phased Manner
About The Company VENTURING INTO NEWER GEOGRAPHIES ARVIND SMARTPACES LIMITED IN A PHASED MANNER 31 DIVERSIFIED FROM AHMEDABAD/GANDHINAGAR TO BANGALORE IN THE YEAR 2014 AND TO PUNE IN 2019 Ahmedabad / Gandhinagar 58% Bangalore 41% Pune 1% AHMEDABAD / GANDHINAGAR, GUJARAT BANGALORE, KARNATAKA PUNE, MA
Slide 33: Strategic Partnership with HDFC Capital Advisors
About The Company STRATEGIC PARTNERSHIP WITH ARVIND SMARTPACES LIMITED HDFC CAPITAL ADVISORS 32 STRUCTURE INVESTMENT QUALITY CAPITAL INVESTOR PEDIGREE BRAND
Slide 34: Strong Brand Recall 'Arvind' Synonymous with Values and Repute
BRAND STRONG BRAND RECALL ‘ARVIND’ ARVIND SMARTPACES SMARTSPACES LIMITED SYNONYMOUS WITH VALUES AND REPUTE 33 SmartSpaces is part of Gujarat based Lalbhai Group with a 120 year legacy that presides over a wide portfolio of businesses viz. Textiles and clothing, Branded Apparels, Technical textiles,
Slide 35: Strong Governance & CSR Initiatives
About The Company STRONG GOVERNANCE & CSR ARVIND SMARTPACES LIMITED INITIATIVES 34 Mr. Sanjay S. Mr. Kamal Singal Mr. Kulin S. Lalbhai Mr. Pratul Shroff Ms. Pallavi Vyas Mr. Vipul Roongta Mr. Prem Prakash Mr. Nirav Shah Lalbhai Managing Director Non-Executive Independent Independent Nominee Director
Slide 36: Led by an Experienced Professional Management Team
About The Company LED BY AN EXPERIENCED ARVIND SMARTPACES LIMITED PROFESSIONAL MANAGEMENT TEAM 35 JAGDISH DALAL | AVINASH SURESH | Senior Vice President Chief Operating Officer • Over 32 years of • Overall experience of experience 17 years with Godrej, • Excels in corporate finance Aditya Birla etc.
Slide 37: Business Model & Strategic Pillars
ARVIND SMARTPACES SMARTSPACES LIMITED 36 BUSINESS MODEL & STRATEGIC PILLARS ▪ FUNDAMENTALS ▪ STRATEGIC PILLARS
Slide 38: Key Business Fundamentals That Attributed to Our Success
BUSINESS FUNDAMENTALS KEY BUSINESS FUNDAMENTALS THAT ARVIND SMARTPACES SMARTSPACES LIMITED ATTRIBUTED TO OUR SUCCESS SO FAR 37 FOCUS ON LOW OPERATING LEVERAGE ▪ Low fixed cost: Centralized key functions AND GREATER CORPORATE EFFICIENCY LEAN ▪ Small team comprising key skill sets: Total on-roll stren
Slide 39: Strategic Pillars of Growth
STRATEGIC PILLARS STRATEGIC PILLARS OF GROWTH ARVIND SMARTPACES LIMITED 38 1 2 3 4 4 Asset light Balanced Risk Innovation Customer Centricity Systems & Processes Profile Product Innovation and Aiming for delight at Strong Governance. Focus on efficient cash design every touch point in Defined Projec
Slide 40: Looking Ahead
ARVIND SMARTPACES SMARTSPACES LIMITED 39 LOOKING AHEAD • DIFFERENTIATING FACTORS • KEY FOCUS AREAS
Slide 41: Our Differentiating Factors in the Real Estate Marketplace
DIFFERENTIATING FACTORS OUR DIFFERENTIATING FACTORS IN ARVIND SMARTPACES LIMITED THE REAL ESTATE MARKETPLACE 40 EFFICIENT AND COMPETITIVE SUCCESSFUL PARTNERSHIP – ON TIME EXECUTION LAND SOURCING LONG TERM VALUE CREATION VALUE FOR MONEY LEVERAGING BRAND ARVIND EXECUTION EXPERTISE
Slide 42: Our Business Strategies to Accelerate Growth
KEY FOCUS AREAS OUR BUSINESS STRATEGIES ARVIND SMARTPACES LIMITED 41 TO ACCELERATE GROWTH NEAR TERM BUSINESS PLAN Medium term focus on land oriented horizontal development with low working capital Continued focus on Residential Segment Limited geographical Use Available Headroom To expansion - focus
Slide 43: Awards and Recognition
ARVIND SMARTPACES SMARTSPACES LIMITED 42 AWARDS AND RECOG- NITION ▪ AWARDS ▪ ACCOLADES
Slide 44: Awards & Recognitions
AWARDS AWARDS & RECOGNITIONS ARVIND SMARTPACES LIMITED 43 2016 2017 2018 2019
Slide 45: Awards & Accolades
ACCOLADES AWARDS & ACCOLADES ARVIND SMARTPACES LIMITED 44 CNN NEWS 18 AWARDS REALTY CONCLAVE EXCELLENCE AWARDS, GUJARAT MOST ADMIRED PROJECT OF THE YEAR- FORRESTE Ultra luxury-lifestyle project of the year for ARVIND UPLANDS Plotted development of the year for ARVIND HIGHGROVE MOST TRUSTED REAL ESTA
Slide 46: Awards & Accolades
ACCOLADES AWARDS & ACCOLADES ARVIND SMARTPACES LIMITED 45 CNBC AWAAZ REAL ESTATE & BUSINESS EXCELLENCE AWARDS 2022 DEVELOPER OF THE YEAR - RESIDENTIAL The Economic Times Real Estate Conclave & Awards 2022 RESIDENTIAL PROPERTY OF THE YEAR (ARVIND BEL AIR) Realty + Conclave Iconic Project of E4M PRIDE
Slide 47: Annexure: Project Profile in Detail
ARVIND SMARTPACES SMARTSPACES LIMITED 46 ANNEXURE: PROJECT PROFILE | IN DETAIL ▪ OVERVIEW ▪ PROJECT DETAILS
Slide 48: Uplands
PROJECT// NASMED VILLAGE, GANDHI NAGAR ARVIND UPLANDS SMARTPACES SMARTSPACES LIMITED 47 Premium Golf Based Township 189 Villas Phase I, 54 Villas Phase II Overall 56 Lakh Sq. Ft. Deal Structure: JOINT DEVELOPMENT Architect: WOODS BAGOT AMENITIES
Slide 49: Uplands
PROJECT// NASMED VILLAGE, GANDHI NAGAR ARVIND UPLANDS SMARTPACES LIMITED 48
Slide 50: Uplands Clubhouse
PROJECT// NASMED VILLAGE, GANDHI NAGAR ARVIND UPLANDS CLUBHOUSE SMARTPACES LIMITED 49
Slide 51: Skylands
PROJECT// JAKKUR ROAD, SHIVANAHALII, BENGALURU ARVIND SKYLANDS SMARTPACES SMARTSPACES LIMITED 50 High Rise Residential Apartments 417 Units – 4.9 Lakh Sq. Ft. Deal Structure: OUTRIGHT PURCHASE Architect: APURVA AMIN AMENITIES
Slide 52: Skylands
PROJECT// JAKKUR ROAD, SHIVANAHALII, BENGALURU ARVIND SKYLANDS SMARTPACES LIMITED 51
Slide 53: Aavishkaar
PROJECT// NARODA ROAD, AHMEDABAD ARVIND AAVISHKAAR SMARTPACES SMARTSPACES LIMITED 52 Affordable Residential Apartments 574 Units – 5.5 Lakh Sq. Ft. Deal Structure: DEVELOPMENT AGREEMENT Architect: VITAN (JAGRUT & PARTNERS LLP) AMENITIES
Slide 54: Aavishkaar
PROJECT// NARODA ROAD, AHMEDABAD ARVIND AAVISHKAAR SMARTPACES LIMITED 53
Slide 55: Oasis
PROJECT// TUMKUR ROAD BENGALURU ARVIND OASIS SMARTPACES SMARTSPACES LIMITED 54 2 and 3 BHK Residential Apartments 470 units – 5.7 Lakh Sq. Ft. Deal Structure: OUTRIGHT PURCHASE Architect: APURVA AMIN AMENITIES
Slide 56: Belair
PROJECT// NEW TOWN ROAD YELAHANKA, BENGALURU ARVIND BELAIR SMARTPACES SMARTSPACES LIMITED 55 2, 2.5 &3 BHK Residential Apartments 334 units – 4.7 Lakh Sq. Ft. Deal Structure: OUTRIGHT PURCHASE Architect: APURVA AMIN AMENITIES
Slide 57: Elan
PROJECT// KOTHRUD ROAD, PUNE ARVIND ELAN SMARTPACES SMARTSPACES LIMITED 56 High rise Residential Apartments 120 Units – 1.3 Lakh Sq. Ft. Deal Structure: DEVELOPMENT AGREEMENT Architect: - A&T CONSULTANTS AMENITIES
Slide 58: The Edge
PROJECT// TUMKUR ROAD, BENGALURU ARVIND THE EDGE SMARTPACES SMARTSPACES LIMITED 57 Commercial & Retail Space 116 Units – 1.7 Lakh Sq. Ft. Deal Structure: OUTRIGHT PURCHASE Architect: APURVA AMIN AMENITIES
Slide 59: Highgrove
PROJECT// MOTI DEVTI, SANAND, AHMEDABAD ARVIND HIGHGROVE SMARTPACES SMARTSPACES LIMITED 58 Weekend Homes - Plots ~777 Units Overall 57 Lakh Sq. Ft. Deal Structure: JOINT DEVELOPMENT Architect: WOODS BAGOT AMENITIES
Slide 60: Forreste
PROJECT// RACHARDA KHATRAJ ROAD, AHMEDABAD ARVIND FORRESTE SMARTPACES SMARTSPACES LIMITED 59 Premium Land Oriented Villa Scheme 353 Units in Phase 1 to 4 (Overall ~50 Lakh Sq. Ft.) Deal Structure: DM Architect: In-House & GOMA ENGINEERING AMENITIES
Slide 61: Safe Harbor
SAFE HARBOR ARVIND SMARTPACES LIMITED 60 This presentation has been prepared by Arvind SmartSpaces Limited solely to provide information about the Company. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or co
Slide 62: Thank You
ARVIND SMARTPACES LIMITED 61 THANK YOU ARVIND SMARTSPACES LTD INVESTOR RELATIONS (CIN: L45201GJ2008PLC055771) E: ir.smartspaces@arvind.in REGISTERED & CORPORATE OFFICE: ANKIT JAIN | CHIEF FINANCIAL OFFICER 24, Govt. Servant’s Society, E: ankit.jain@arvind.in Adj. Municipal Market, C. G. Road, Ahmeda