Sumit Woods Ltd. · NSE:SUMIT
Sumit Woods — Investor Presentation (November 2018)
33 slides from Sumit Woods's investor presentation, November 2018
Slide 1: Sumit Woods Ltd. Investor Presentation
Sumit Woods Ltd. Investor Presentation November 2018
Slide 2: Executive Summary
EXECUTIVE SUMMARY • Sumit Woods Ltd. is the flagship company of Sumit Group, which was incorporated in the year 1997. Company • It is a real estate company operating in Mumbai, Thane and Goa with three decades of experience. Overview • The company is focused on development and re-development of resi
Slide 3: Company Overview
G ROU P (eating ate. Bung Tus. BUILOERS & DEVELOPERS
Slide 4: About Us
ABOUT US • Shri Subodh Nemlekar and Shri Mitaram Jangid worked as part of the same contract construction company for residential and commercial buildings in the early 1980’s. • The promoters have successfully completed projects for Modern Bread, Railway Officers, and Government Holiday Homes under G
Slide 5: Key Milestones
KEY MILESTONES • The first project under Launched 2 of the • Completed a total of 7 Sumit Woods Pvt. Ltd. company’s biggest projects: projects along with full OC was "Kandivali Mitnayan "Sumit Greendale” with a despite various Co-Op Housing Society" unfavourable conditions in in Mumbai. total carpet
Slide 6: Board of Directors
BOARD OF DIRECTORS Shri Mitaram Jangid (Promoter, Managing Director) Shri Subodh Nemlekar (Promoter, Joint Managing Director) • Is on board since inception. • On board since inception • Has over 30 years of experience in the real estate industry. • Holds a bachelor’s degree in economics. • Heads the
Slide 7: Key Management
KEY MANAGEMENT Head of Project Mr. Clint P Dos Santos: He is responsible for the execution, monitoring, control and completion Execution of projects and comes with 20 years of experience. PROMOTER AND Mr. Kunal Sonawan: His core job specifications are to develop Purchasing Policy and Planning, DIREC
Slide 8: Awards and Accolades
AWARDS AND ACCOLADES 2016 – ABCI (Silver) – 2016 - Mid Day – Iconic 2017- Mid Day – Iconic 2014 - MCHI – excellence Publication Award ( Sumit Township, Palghar, Dist., Planned Project, (Sumit 2017 - DNA – Developer in design (Sumit Group) Woods Ltd) ( Sumit Greendale and NX, Bells, Goa) of the Year,
Slide 9: Key Strengths
KEY STRENGTHS Experienced Promoters with well trained employee base • 3 decades of experience in the real estate industry. • Promoters, with significant experience, have been instrumental for the company’s significant growth. • A dedicated team of professionals for efficient management of projects.
Slide 10: Business Overview
BUSINESS OVERVIEW 10
Slide 11: Business Overview
BUSINESS OVERVIEW Re-development Development • During the period 2012-17, the company was mainly in the business activities • Land is a very durable product but it is also a very scarce product. of redevelopment of Old Buildings, (CESS Building Redevelopment / MHADA Therefore land ownership and acqu
Slide 12: Business Model
BUSINESS MODEL Planning, Design and Approval phase. T:0 8-10 • Planning and Conceptualisation is completed either in-house or via reputable architects and structural consultants engaged by the company. Months • Project estimates are always developed by the in-house planning team. • Preparation of th
Slide 13: Business Strategies
BUSINESS STRATEGIES Vision to create lifestyle enhancing, eco-friendly benchmarks that provide comfort and convenience to the community at large. Impeccable record of planning and execution of projects backed by a professional management along with timely construction of all projects with an Occupat
Slide 14: Robust Project Pipeline
ROBUST PROJECT Sumit Artista 0.26 Mn sq. ft. Nearly Ready 0.74 Mn sq. ft. of Carpet 0.24 Mn sq. ft. area in pipeline Under construction Sumit Greendale 2.65 Mn sq. ft. projects 0.24 Mn sq. ft. Construction yet to start 1.91 Mn sq. ft. of Sumit Artista, Sumit completed projects Greendale, Gorai Sumit
Slide 15: Recently Completed Projects
RECENTLY COMPLETED PROJECTS Type of Year of Year of Sr.No Name of the Project Location Project Commencement Completion Sumit Samarth Arcade- 1 Borivali, Mumbai Residential 2018 Wing A 2 Sharda Sahaniwas Borivali, Mumbai Residential 2013 2018 3 Sumit Mount Building 3 Ponda, Goa Residential 2013 2018
Slide 16: On-Going Projects
ON-GOING PROJECTS Avg. Value of Amount Balance Carpet % Area Units Project Economic Name of the Project Location Sold area (sq. ft.) Total units % Unit Sold Selling sold area received receivable area Sold Sold Status Interest rate (INR Mn) (INR Mn) (INR Mn) Borivali (W), 10th Slab Sumit Garden Grove
Slide 17: On-Going Projects
ON-GOING PROJECTS Sumit-Greendale Sumit Sai Prasad Span Trident- Tower C Maha Rera No: P99000004678 Maha Rera Number : P51800010933 MahaRERA No. – P51700008468 Carpet Area (sq. ft.):- 1,50,260 Carpet Area (sq. ft.): 4,218 Carpet Area (sq. ft.):- 51,927 Sumit Garden Grove Sumit Lata Sumit Province-II
Slide 18: Industry Overview
GROUP (eating Vat. Bullng Tus, INDUSTRY OVERVIEW
Slide 19: Industry Overview
INDUSTRY OVERVIEW • The real estate sector in India is expected to reach a market size of US$ 180 Indian real estate - Market size billion by 2020. The housing sector is expected to contribute around 11 per cent to India’s GDP by 2020. (USD Billion) • Mumbai and Bengaluru have been rated as the top
Slide 20: Industry Overview
INDUSTRY OVERVIEW Affordable housing, housing for all • The housing shortage in India stood at 63 million units in 2012. While the overall demand continues to swell, affordable housing has emerged as a trigger for the sector’s overall growth, driven by the Central Government. • The government has ta
Slide 21: Regulatory Reforms
REGULATORY REFORMS RERA GST • A single amalgamated tax code across • RERA will improve the buyers’ confidence and India. boost the demand for real estate. • Standardised environment for organised players. • Delays in handover of projects are likely to • Enhanced consolidation opportunities. decline
Slide 22: Mumbai Real Estate Sector
MUMBAI REAL ESTATE SECTOR • A significant portion of the populace is salaried and for most of them owning a house remains a distant dream. In response to this disconnect, developers are now launching smaller sized units to be able to bring down the ticket size. In this way, houses become affordable
Slide 23: Financial Overview
FINANCIAL OVERVIEW 23
Slide 24: Standalone Income Statement
STANDALONE INCOME STATEMENT Standalone FY15 FY16 FY17 FY18 H1-FY19 Total Revenue* 200 229 390 211 93 Total Expenses 94 153 291 86 50 EBITDA 106 76 99 125 43 EBITDA Margin (%) 53.00% 33.19% 25.38% 59.24% 46.24% Finance Cost 83 60 58 48 19 Depreciation 11 9 10 7 3 PBT 12 7 31 70 21 Tax Expense 2 1 5 1
Slide 25: Standalone Balance Sheet
STANDALONE BALANCE SHEET Particulars (INR Mn) FY17 FY18 H1-FY19 Particulars (INR Mn) FY17 FY18 H1-FY19 EQUITY & LIABILITIES ASSETS Shareholder’s Funds Non-Current Assets (A) Share Capital 78 108 153 (A) Tangible Assets 82 76 74 (B) Reserves & Surplus 313 355 527 (B) Intangible Assets 1 - - (C) Non-C
Slide 26: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT Particulars (INR Mn) FY15 FY16 FY17 FY18 H1-FY19 Total Revenue* 295 296 470 343 258 Total Expenses 185 209 355 174 163 EBITDA 110 87 115 169 95 EBITDA Margin (%) 37.29% 29.39% 24.47% 49.27% 36.82% Finance Cost 89 69 65 61 25 Depreciation 11 9 10 7 3 PBT 10 9 40 101 67 T
Slide 27: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Particulars (INR Mn) FY17 FY18 H1-FY19 Particulars (INR Mn) FY17 FY18 H1-FY19 EQUITY & LIABILITIES ASSETS Shareholder’s Funds Non-Current Assets (A) Share Capital 78 108 153 (A) Tangible Assets 82 76 74 (B) Reserves & Surplus 327 387 588 (B) Intangible Assets 1 - - (C) Non
Slide 28: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS Total Revenue* EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 470 180 169 100% 90 25% 160 90% 77 80 22% 343 140 80% 20% 70 110 115 70% 295 296 120 60 60% 15% 100 87 50 49% 50% 40 80 32 10% 37% 40% 60 30 29% 30% 7% 40 24% 20 5% 20% 8 3% 7 10 2% 20 10% 0 0% 0 0% FY15 FY16 FY1
Slide 29: Disclaimer
DISCLAIMER No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the d
Slide 30: Creating Value. Building Trust.
GR O U P Creating Value. Building Trust. BUILDERS & DEVELOPERS
Slide 31: Annexure - Gross Total Sales
ANNEXURE- GROSS TOTAL SALES Details of Gross Total Sales for the last five years ( In INR Mn) Economic Sr No. Name of Entity FY18 FY17 FY16 FY15 FY14 interest 1 Sumit Chetna Venture 67% 170.82 9.65 26.08 91.88 - 2 Sumit Snehashish Venutre 30% 36.89 152.51 - - - 3 Sumit Snehashish Joint Venutre 50% -
Slide 32: Annexure - Case Study
ANNEXURE- CASE STUDY Sumit Artista – Joint Venture Model (Located at Kalina, Santacruz East, Mumbai, Maharashtra) • Was an open plot and out right buy with the help of Plot Size : Total Carpet area : financial institution like india infoline, India bulls, 25000 sq. ft. 99,261 sq. ft. Bajaj finance.
Slide 33: Annexure - Case Study
ANNEXURE- CASE STUDY Sumit Garden Grove – Joint Venture Model (Located at Chikuwadi Borivali (West), Mumbai, Maharashtra) • Construction cost is being funded by Piramal Hosuing Finance Ltd. Plot Area : Sumit Woods stake : • Sumit Woods Limited is the 61,107 sq ft 12.50% development Manager for this