Arvind Smartspaces Ltd. · NSE:ARVSMART
Arvind Smartspaces — Q1 FY21 Earnings Presentation
65 slides from Arvind Smartspaces's earnings presentation, Sep 11, 2020
Slide 1: Q1 FY21 Sep 11, 2020
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Slide 2: Key Updates – Q1FY21
Key Updates – Q1FY21 Launched new project in May 2020 in Bengaluru Belair – High rise apartments project New Launches Launched 2 new project in Ahmedabad Forreste – Villa township project on DM Basis. Phase I launched in Mar-20 and Phase II in Jun-20 Uplands Phase II – Villa township proje
Slide 3: Consolidated Financials for Q1FY21
Consolidated Financials for Q1FY21 Revenue Revenue of Rs. 1,054 lacs during Q1 FY21 as against Rs. 3,655 lacs in Q1 FY20 Revenue down by 71% Y-o-Y EBITDA of Rs. 215 lacs during Q1 FY21 as against Rs. 1,040 lacs in Q1 FY20 EBITDA EBITDA margin at 20% vs 28% LY PBT of Rs. (474) lacs during Q
Slide 4: Financials - Others
Financials - Others Collections Total collections of ~Rs. 20 Cr during Q1 FY21 Overall collections being decent despite lockdown Unrecognized Unrecognized revenue from sold units is about Rs. 474 Cr Revenue Consolidated Net debt as on June 30, 2020 is Rs. 217 Cr Loan and Debt Consolidated D
Slide 5: Sales Highlights - Quarter
Sales Highlights - Quarter Q1 FY21 Q1 FY21 Growth Particulars FY20 Q1 FY20 Gross Sales Net Sales % Area Sold (Sq. Ft.) 17,25,709 1,68,692 2,34,110 1,39,132 -15% Booking Value (INR Cr.) 286 39 58 22 -44% 5
Slide 6: Inventory – No. of Units Available for Sale
Inventory – No. of Units Available for Sale As on April As on April As on April Growth % Particulars 1, 2018 1, 2019 1, 2020 YOY No. of Units available for sale 1,107 2,065 2,384 15% Note :- As on June 30, 2020, 2,406 units are available for sale 6
Slide 7: Financial Snapshots (Consolidated Quarter)
Financial Snapshots (Consolidated Quarter) Rs. Cr Particular Q1 FY20 Q1 FY21 Growth % Revenue 36.5 10.5 -71% EBITDA 10.4 2.2 -79% EBITDA % 28% 20% PAT 2.6 -4.8 PAT % 7% -46% 7
Slide 8: Financial Snapshot (Consolidated)
Financial Snapshot (Consolidated) Turnover (Rs. Cr) EBITDA (Rs. Cr) PAT (Rs. Cr) 37 10 11 2 3 Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 (5) 8
Slide 9: Balance Sheet - Abstract (Consolidated)
Balance Sheet - Abstract (Consolidated) Rs. Cr Rs. Cr Particulars As on As on Particulars As on As on 31st Mar,19 31st Mar,20 31st Mar,19 31st Mar,20 Equity and liabilities ASSETS Share Capital 35.2 35.6 Fixed Assets 23.8 29.2 Reserves and Surplus 219.3 253.3 Non-Current Financial Assets 39.9 65.2 S
Slide 10: Profit & Loss Account – Abstract (Consolidated)
Profit & Loss Account – Abstract (Consolidated) % of Particulars Q1 FY20 Q1 FY21 Rs. lacs Growth Revenue from Operations 3,655 1,054 -71% Total Revenue 3,681 1,077 -71% Operating Costs 927 109 Employee Benefit Expenses 654 449 Other Costs 1,034 280 EBITDA 1,040 215 -79% EBITDA % 28% 20% Finance Cost
Slide 11: Performance of Scrip (Since Listing)
Performance of Scrip (Since Listing) BSE Sensex Index 500 380 BSE Realty Index 450 330 400 ASL Index 350 280 300 230 250 180 200 150 130 100 80 50 30 0 Oct-15 Apr-16 Oct-16 Oct-17 Oct-18 Oct-19 Apr-17 Apr-18 Apr-19 Apr-20 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Feb-20 Aug-15 Jun-16 Aug-16 Jun-17 Aug-17 J
Slide 12: Shareholding Pattern (%)
Shareholding Pattern (%) 30-Sep- 31-Dec- 31-Mar- 30-Jun- Category 19 19 20 20 Promoter and Others, 59.06% 59.06% 59.06% 59.06% Promoter Group 35.68% Foreign Promoter Institutional 0.03% 0.03% 0.03% 0.03% and Investors(FIIs) Promoter Mutual Funds 0.00% 1.61% 1.61% 1.41% Group, Insurance Insurance 3.8
Slide 13: Project Portfolio - Completed
Project Portfolio - Completed Completed Projects – 10 Projects 13
Slide 14: Project Portfolio - Ongoing
Project Portfolio - Ongoing Ongoing Projects – 9 Projects 14
Slide 15: Project till Date Synopsis
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) (%) Alcove 1,032,660 984,150 48,510 2,474 2,474 100 251 Parishka
Slide 16: Project till Date Synopsis
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) (%) Uplands ONE 3,192,901 23,71,189 821,712 34,571 19,125 90 1,4
Slide 17: Quarterly Synopsis
Quarterly Synopsis Gross Area Net Area Net Units Gross Sales Net Sales Amount Revenue Residential Collected in Q1 Recognized in booked in Q1 Booked in Q1 Booked in Q1 Value for Q1 Value for Q1 FY21 Q1 FY21 Projects FY21 (sq ft.) FY21 (sq ft.) FY21 (nos.) FY21 (Rs. Lac) FY21 (Rs. Lac) (Rs. Lac) (Rs.
Slide 18: Uplands
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 (Golf Square, Zen Square, Fun Square) Premium Concierge Services
Slide 19: Uplands
Uplands Rendered image Golf Course Construction 19
Slide 20: Uplands
Uplands Actual Site Image - Zen Building 20
Slide 21: Uplands
Uplands Actual Site Image - Zen Cafeteria 21
Slide 22: Uplands
Uplands Temple Construction 22
Slide 23: Uplands
Uplands Actual Villa Construction 23
Slide 24: Uplands
Uplands Sample Villa Construction 24
Slide 25: Uplands
Uplands Sample Villa Interior 25
Slide 26: Beyond Five
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 SMAAASH, which is perfected by Sachin Tendulkar Bowling Alley Gol
Slide 27: Beyond Five
Beyond Five Villa side view Club house 27
Slide 28: Megaestate
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 Contemporary landscape design Rain water harvesting Wide Entrance A
Slide 29: Megaestate
Megaestate Actual Site Images – Shed Construction 29
Slide 30: Megapark
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/Training Centre with multimedia facility 24*7 secured premises
Slide 31: Megapark
Megapark Construction work at Site 31
Slide 32: Megapark
Megapark Construction work at Site – Sample Shed 32
Slide 33: Skylands
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 on terrace Open café on terrace Star gazing deck on terrace Club
Slide 34: Skylands
Skylands Overall site View 34
Slide 35: Skylands
Skylands Construction at Site 35
Slide 36: Skylands
Skylands Model Flat 36
Slide 37: Skylands
Skylands Model Flat 37
Slide 38: Oasis
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 Citizen’s Nook Indoor Gym & Steam room Sports facilities like C
Slide 39: Oasis
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Slide 40: Oasis
Oasis Construction at Site 40
Slide 41: Oasis
Oasis Construction at Site 41
Slide 42: Aavishkaar
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 camera Central Landscape area Outdoor & Indoor Gym Yoga & Multip
Slide 43: Aavishkaar
Aavishkaar Actual Construction Image 43
Slide 44: Aavishkaar
Aavishkaar Actual Construction Image 44
Slide 45: Elan
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 Outdoor & Indoor Gym Fully equipped Home Theatre room State of art S
Slide 46: Elan
Elan Actual Construction Image 46
Slide 47: Edge
Edge Location: Tumkur Road, Bengaluru Product: Commercial & Retail Space Project Size: 130 Units Deal Structure: Outright Purchase Architect: A & T Consultants Features: Common Conference Room Theatre/Auditorium Modern Cafetaria Gymnasium CCTV, Intercom Facility Parking & Automatic Eleva
Slide 48: Edge
Edge Actual Construction Image 48
Slide 49: Forreste
Forreste Location: Racharda Khatraj Road, Ahmedabad Product: Premium land oriented villa scheme Project Size: 117 Units Deal Structure: DM Architect: In House Features: Lounge with Seating & Library Café & Restaurant Banquet Hall & Kids Zone Gymnasium Multimedia Theatre Sports amenities
Slide 50: Uplands TWO Monogram Living
Uplands TWO Monogram Living Location: Nasmed Village, Gandhi Nagar Product: Premium golf based township Project Size: 11 Villas – Very High End 34 Villas - Normal Deal Structure: Joint Development Architect: Woods Bagot Features: 9 Hole Executive Golf Course 3 Clubs (Golf Square, Zen Squ
Slide 51: Bel Air
Bel Air Location: New Town Road, Yelahanka, Bangalore Product: 2, 2.5 and 3 BHK Residential apartment Project Size: 334 Units Deal Structure: Outright Purchase Architect: Apurva Amin Features: Club, Lounge and Amenities Work From Home Features Cantilevered Skyclub Vaastu compliant Smart
Slide 52: About the Company
About the Company ALVIND SMALCTSPACES 52
Slide 53: Board of Directors
Board of Directors Mr. Sanjay S. Lalbhai Mr. Kamal Singal Chairman & Non-Executive Director Managing Director & CEO And Promoter Mr. Kulin S. Lalbhai Mr. Pratul Shroff Ms. Pallavi Vyas Non-Executive Director Independent Director Independent Director Mr. Nirav Shah Mr. Prem Prakash Pangotra Independe
Slide 54: Overview | Arvind Smartspaces
Overview | Arvind Smartspaces ● One of the fastest growing real estate developer in the listed space ● Ahmedabad-based real estate developer, commenced operations in 2009 ● Listed on NSE and BSE through demerger of real estate business from Arvind Ltd ● Operates largely in Ahmedabad and Bangalore, h
Slide 55: Strategic Pillars, Financial Performance, Awards & accolades
Strategic Pillars Financial Performance Awards & accolades 55
Slide 56: Five Strategic Pillars
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 requirement requirement) • Maintain operational efficiency to ensure
Slide 57: Five Strategic Pillars
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 Steady and cautious geographic expansion Partner with best in class
Slide 58: Financial Snapshots
Financial Snapshots Rs. in Crores Particular FY15 FY16 FY17 FY18 FY19 FY20 GAGR % Total Revenue 86.6 116.4 160.0 202.0 264.3 301.7 28% EBITDA 25.2 36.7 46.4 65.0 70.3 91.00 29% EBITDA % 29% 32% 29% 32% 27% 30% PAT 10.6 17.2 21.0 30 30.6 39.3 30% PAT % 12% 15% 13% 15% 12% 13% 58
Slide 59: Sales Highlights
Sales Highlights Growth FY20 Particulars FY20 FY19 FY18 over FY19 % Area Sold (Sq. Ft.) 17,25,709 7,69,227 5,98,027 124% Booking Value (INR Cr.) 285.9 280.5 104.0 2% 59
Slide 60: Awards & Recognition
Awards & Recognition 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” award in AB
Slide 61: Awards & Recognition
Awards & Recognition 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 , 2016 Project A
Slide 62: Awards & Recognition
Awards & Recognition 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 Standards” award at
Slide 63: Awards & Recognition
Awards & Recognition 14th June, 2019 Arvind Aavishkaar has won “Affordable Housing Project of the Year” award at the Realty Plus Conclave & Excellence Award 2019 25th August, 2019 Arvind SmartSpaces has been awarded "Best Real Estate Company" by India News Gujarat at Gujarat First Conclave 13th Sept
Slide 64: Thank You
Thank You Arvind SmartSpaces Ltd Investor Relations: (CIN: L45201GJ2008PLC055771) Registered & Corporate Office: Ankit Jain 24, Govt. Servant’s Society, Chief Financial Officer Adj. Municipal Market, Email: ankit.jain@arvind.in C. G. Road, Ahmedabad- 380009 Tel: +91 79 68267000 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