Sunteck Realty Limited · NSE:SUNTECK
Sunteck Realty — Q3 FY25 Earnings Presentation
28 slides from Sunteck Realty's earnings presentation, Jan 20, 2025
Slide 1: Cover letter to stock exchanges
Sunteck Realty Ltd. Date: 20th January, 2025 SRL/SE/78/24-25 National Stock Exchange of India Ltd BSE Limited Exchange Plaza, Plot no. C/1, G Block, Phiroze Jeejeebhoy Tower, Bandra-Kurla Complex, Bandra (East), Dalal Street, Mumbai- 400 051 Mumbai – 400 001 Symbol: SUNTECK Scrip Code: 512179 Sub: I
Slide 2: Sunteck Realty Limited Investor Presentation Q3 & 9M FY25
Sunteck Realty Limited Investor Presentation Q3 & 9M FY25 January 2025 NSE: SUNTECK | BSE: 512179 | Bloomberg: SRIN: IN | Reuters: SUNT.NS / SUNT.BO
Slide 3: Disclaimer
Disclaimer By attending the meeting where this presentation is made and any additional material is provided (“Presentation”) or by reading the Presentation, you (“Recipient”), agree to be bound by the following limitations. This Presentation has been prepared on the basis of the estimates of the man
Slide 4: Key Highlights of Q3 & 9M FY25
Key Highlights of Q3 & 9M FY25 KEY HIGHLIGHTS for Q3 FY25 Business Update • Business Development - Addition of Nepean Sea Project - 2 with a GDV of ~Rs.2,400 cr • Total GDV at Nepean Sea Project is ~Rs.5,400 cr Consolidated Financials • Pre-sales stood at ~Rs.635 cr registering a growth of ~40% YoY
Slide 5: Key Strengths - Why Sunteck?
Key Strengths - Why Sunteck? 4
Slide 6: Key Strengths – Why Sunteck?
Key Strengths – Why Sunteck? 1 2 3 Well-timed Capital Luxury portfolio in every Strong Foothold in MMR Allocation for segment & across micro- market - largest & fastest acquisitions - Acquired markets - from uber luxury growing market in India more than ~50 mn sq ft & to aspirational luxury GDV of ~
Slide 7: Snapshot
Snapshot Strong Operational Foothold One of the large Well-timed developers in MMR INR~40,225 cr of ~50 MSF+ total 18 projects capital allocation – largest & fastest GDV from ~10 large development successfully with JDA & growing market projects acquisitions delivered outright model Rs 1 cr = Rs 10 m
Slide 8: Strong Foothold in MMR Market – largest & fastest growing in India
1 Strong Foothold in MMR Market – largest & fastest growing in India MMR-Focused Luxury Real Estate Developer (1/2) By Location Volume By Project Brands 7
Slide 9: MMR is the most attractive real estate market in India
1 Strong Foothold in MMR market – largest & fastest growing in India MMR is the most attractive real estate market in India (2/2) MARKET SHARE BY VALUE Others 90,314 NUMBER OF UNITS SOLD IN - FY24 & 9MFY25 28% MMR 72,444 60,137 39% 53,789 50,730 42,229 42,127 40,514 34,130 27,424 15,44813,452 16,561
Slide 10: Luxury portfolio in every segment & across micro-markets
2 Luxury portfolio in every segment & across micro-markets From Uber Luxury to Aspirational Luxury Premium positioning by creating different luxury brands across segments 9
Slide 11: Well-timed Capital Allocation for acquisitions
3 Well-timed Capital Allocation for acquisitions Acquired more than ~50 mn sq ft & GDV of ~Rs.40,225 cr (1/2) ACQUISITION STRENGTH • RESEARCH BASED ACQUISITIONS • ABILITY TO PREDICT GROWTH AREAS AHEAD OF THE CURVE • HIGH EQUITY MULTIPLE PHILOSOPHY OUTRIGHT ACQUISITION / MAJOR CAPITAL ALLOCATION JOIN
Slide 12: Gross Development Value (GDV)
3 Gross Development Value (GDV) Achieved pre-sales growth of ~40% in Q3 FY25 (2/2) GDV – ~Rs 40,225 cr 10 Nepean Sea Project – 2 Rs 1 bn = Rs 100 cr GDV – Rs 2,400 cr Launched Bandra West Project 9 GDV – Rs 1,000 cr Upcoming Burj Khalifa Community, 8 Downtown, Dubai Addition in GDV – Rs 9,000 cr Q3F
Slide 13: Expanding Annuity Income Portfolio
4 Expanding Annuity Income Portfolio Rs 300 cr+ rental, capital value creation of ~Rs 5,000 cr Sunteck Icon and Sunteck BKC 51 at BKC Junction has been pre-leased for a tenure of 29 years Both commercial assets have generated an Avg. ROIC of ~30% Launched Upcoming Capital Value – ~Rs 5,000 cr 5th Av
Slide 14: Strong Financial Performance
5 Strong Financial Performance Amongst industry best financials Pre-sales growth ~20%+ Cashflow AA Long term INR 750 cr Net Debt to @~35% Surplus Yield credit rating from partnership with Equity @ Zero India Ratings IFC – World Bank (Fitch) Group Rs 1 cr = Rs 10 mn 13
Slide 15: Pre-sales and Collections registering strong growth
5 Strong Financial Performance Pre-sales and Collections registering strong growth (1/4) Operational Trend Q3 FY25 Q3 FY24 9M FY25 9M FY24 Pre-Sales 635 455 1,661 1,237 Collections 336 438 945 940 Annual & YTD Pre-sales (~Rs cr) Annual & YTD Collections (~Rs cr) 2,500 1,600 1,915 1,250 1,236 2,000 1
Slide 16: Cashflow Surplus Yield @~21%
5 Strong Financial Performance Cashflow Surplus Yield @~21% (2/4) Net CF Surplus (~Rs cr) Net CF Surplus Yield 600 25% 22% 21% 500 484 20% 428 400 15% 15% 281 12% 300 239 10% 200 5% 100 0 0% FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 • As the company follows Project Completion Method of Accounting, CF
Slide 17: Strong Net Cash Flow Surplus
5 Strong Net Cash Flow Surplus Cashflow surpasses Rs 1,700 cr (3/4) Particulars (~Rs cr) 9M FY25 9M FY24 Cumulative NOCF Surplus (~Rs cr) 2000 Gross Collections 945 940 1800 1,744 Less: Project Expenses 405 448 1600 1,432 1400 Less: JDA Revenue Share 60 63 1200 Gross Operating Cash Flow Surplus 480
Slide 18: Net Debt to Equity @ ZERO
Strong Financial Performance 5 Net Debt to Equity @ ZERO (Net Cash Positive) Sunteck’s Long-Term Credit Rating at AA from India Ratings (Fitch) (4/4) 2.00x Particulars (~Rs cr) FY22 FY23 FY24 9M’25 Net Debt/Equity Ratio Gross Debt 700 593 295 350 1.50x Less: Cash & Cash Equivalents 97 158 106 154 1.
Slide 19: Successful Equity Partnerships
6 Successful Equity Partnerships Recent Partnership • Sunteck & IFC – World Bank Group form Joint Investment Platform of up to ~Rs 750 cr • Key highlights of the partnership • MMR focused platform to build high-quality green urban large-scale housing projects targeting the mid-income demographic • U
Slide 20: Annexure: Q3 & 9M FY25 Financial Results
Annexure Q3 & 9M FY25 Financial Results 19
Slide 21: P&L Statement
P&L Statement Strong Revenue & PAT growth Revenue from Operations has registered a growth of 369% YoY to ~Rs 647 cr in 9M FY 25 EBITDA has registered a growth of 423% YoY to ~Rs 117 cr in 9M FY25 PAT has registered a growth of 429% YoY to ~Rs 99.9 cr in 9M FY25 PROFIT & LOSS STATEMENT (Consolidated)
Slide 22: Balance Sheet
Balance Sheet Strong Credit Rating of AA by India Ratings (Fitch) BALANCE SHEET (Consolidated) Liabilities Sept ’24 Assets Sept ’24 Networth 3,160 Receivables 145 Borrowings 230 Inventories 5,954 Non-Current Liabilities 17 Loans & Advances 342 Current Liabilities 1,148 Cash & Bank 94 Others Liabilit
Slide 23: Operational Performance Break-up
Operational Performance Break-up Q3 FY25 9M FY25 Pre-sales Collections Pre-sales Collections Segment Projects (~Rs cr) (~Rs cr) (~Rs cr) (~Rs cr) Uber Luxury Signature, Signia 422 140 693 267 Sunteck City, SBR, Premium Luxury 121 53 567 205 Sky Park Aspirational Luxury Sunteck World 83 105 318 378 O
Slide 24: Annexure: ESG & Awards
Annexure ESG & Awards
Slide 25: 2024 GRESB Development Benchmark Report
2024 GRESB Development Benchmark Report Development Score Participation & Score Sector Leader award 96 2024 GRESB Average 95 68 59 2023 70 Benchmark Average 66 Sunteck Realty has achieved outstanding GRESB Earning the prestigious Sector Leader award in the (Global Real Estate Sustainability Benchmar
Slide 26: Green Building Initiatives
Green Building Initiatives • Four projects, 4th Avenue, SunteckCity, ODC Goregaon W; Sunteck • Our HO Sunteck Centre Maxxworld & Sunteck Oneworld, Naigaon and Sunteck Beach has been awarded LEED Residences (SBR), Vasai W has been awarded with EDGE (Excellence GOLD certification by US in Design for G
Slide 27: Awards
Awards ‘International Asia Pacific Property Awards’ UK 2024-25 in the category of ‘Sustainable Residential Development’ for the prestigious project ‘4th Avenue, Sunteck City’ 26
Slide 28: Thank you
Thank you ir@sunteckindia.com