Sumit Woods Ltd. · NSE:SUMIT
Sumit Woods — Investor Presentation (March 2019)
36 slides from Sumit Woods's investor presentation, Mar 12, 2019
Slide 1: Sumit Woods Ltd. Investor Presentation March 2019
www.sumitwoods.com S U M I T WO O D S LT D. Investor Presentation March 2019
Slide 2: Executive Summary
EXECUTIVE SUMMARY • Sumit Woods Ltd. is the flagship company of Sumit Group, which was incorporated in the year 1997. Company Overview • It is a real estate company operating in Mumbai, Thane and Goa with three decades of experience. • The company is focused on development and re-development of resid
Slide 3: Snapshot
SNAPSHOT Business Overview Completed more then 50 Focus on Budget housing 6 on going projects across Successfully completed 11 residential and commercial for mid income and low Mumbai, Goa and Thane re-development projects projects income group 1,47,682 Total Unsold 1,78,817 Total Sq ft area of Hand
Slide 4: Company Overview
COMPANY OVERVIEW • 100 % PROJECT DELIVERY RATE. • 50+ Projects in 33+ Years. • 4700+ Happy Family. • 30 Lakhs + square feet area constructed. • Patron Members of M.C.H.I, B.A.I & NAREDCO India
Slide 5: About Us
Historical Consolidated Revenue 500 470 100 400 343 77 80 295 296 300 258 60 ABOUT US 197 200 45 40 32 27 100 20 8 7 0 0 FY14 FY15 FY16 FY17 FY18 H1-FY19 Total Revenue PAT Our Company was originally incorporated as “Sumit Woods Private Limited” at Goa on January 09, 1997 under the provisions of the
Slide 6: Key Milestones
KEY MILESTONES 1986-2003 2003-2011 2011-2012 2012 – 2014 Started their first project. The first project under Sumit Woods Completed 4 Projects in Launched 2 of the company’s Pvt. Ltd. was "Kandivali Mitnayan Mumbai & Goa. biggest projects: "Sumit Completed 4 projects with a total Co-Op Housing Socie
Slide 7: Board of Directors
BOARD OF DIRECTORS Shri Mitaram Jangid Shri Bhushan Nemlekar Shri Subodh Nemlekar (Promoter, Managing Director) (Promoter, Director of Finance) (Promoter, Director) • Is on board since inception. • Is an Executive MBA from Havard Business • On board since inception School, Boston, USA • Has over 35
Slide 8: Key Management
KEY MANAGEMENT BOARD OF DIRECTORS PROMOTER AND DIRECTOR PROMOTER AND WHOLE TIME DIRECTOR (HEAD OF DESIGN AND DEVELOPMENT) (HEAD OF SALES AND MARKETING) Head of Accounts Company Secretary and Head of Project Execution Head of Purchase and Finance Compliance Officer Mr. Clint P Dos Santos: Mr. Kunal S
Slide 9: Awards and Accolades
AWARDS AND ACCOLADES 2014 - MCHI 2016 – ABCI (Silver) 2016 - Mid Day – Iconic 2017- Mid Day – Iconic 2017 - DNA – Developer excellence in design Publication Award Township, Palghar, Dist., Planned Project, of the Year, Residential (Sumit Group) (Sumit Woods Ltd) (Sumit Greendale and NX, (Sumit Bells
Slide 10: 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. The
Slide 11: Our Finance Partners
RELIANCE HOME FINANCE ol i | i ath SfSaT Indiabulls Bank of India
Slide 12: Business Overview
BUSINESS OVERVIEW
Slide 13: Completed Projects
BUSINESS OVERVIEW Type of Projects Re-Development • During the period 2012-17, the company was mainly in the business activities of redevelopment of 10 Completed Projects Old Buildings, (CESS Building Redevelopment / MHADA Redevelopment), and residential projects in 41 Mumbai and in the state of Goa
Slide 14: Business Model
BUSINESS MODEL T:0 Planning, Design and Approval phase. 8-10 Months • Planning and Conceptualisation is completed either in-house or via reputa- ble architects and structural consultants engaged by the company. Project Feasibility • Project estimates are always developed by the in-house planning tea
Slide 15: 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 16: Robust Project
ROBUST PROJECT Sumit Artista Sumit Greendale Gorai Sumit ~Projects commence construction only after all approvals are in place.
Slide 17: Recently Completed Projects
RECENTLY COMPLETED PROJECTS Start Total No. of % of Unsold Sr. No Name of the Project Location Type of Project Completion Year Units Units Sold Year Units 1 Sai Prasad Vile Parle, Mumbai Residential 2016 2019 6 5 17% 2 Sumit Greendale Nx Virar (W), Virar Residential 2014 2019 386 339 12% 3 Sharda Sa
Slide 18: On-Going Projects
ON-GOING PROJECTS Recently Added Name of the Project Location Carpet area Project Status Economic Interest Sumit Shrinath Icon Mulund (W), Mumbai 90,000 Early Planning and Execution stage 100% (Currently) Daag Plot Ponda, Goa 49,742 Plans are finalized and put for approval 100% Sudamapuri Borivali (
Slide 19: On-Going Projects
ON-GOING PROJECTS Sumit Bells III Sumit Mount III Span Trident- Tower C Maha Rera No: PRGO06180472 Maha Rera Number : PRG011180246 MahaRERA No. – P51700008468 Carpet Area (sq. ft.):- 33,907 Carpet Area (sq. ft.): 27,868 Carpet Area (sq. ft.):- 51,927 (saleable area) (saleable area) Sumit Garden Grov
Slide 20: Growth Drivers
GROWTH DRIVERS Mumbai Development plan 2034 Advantages of DMM To Land Owner To Developer Brand Association Entry into new markets Quality Construction Access to region-specific experience Timely Delivery Asset-light Business Disciplined Execution Local risk addressed by regional partner
Slide 21: Industry Overview
INDUSTRY OVERVIEW
Slide 22: Industry Overview
INDUSTRY OVERVIEW • The real estate sector in India is expected to reach a market size of US$ 180 billion by 2020. The housing sector is expected to contribute around 11 per cent to India’s GDP Indian real estate - Market size by 2020. (USD Billion) • Mumbai and Bengaluru have been rated as the top
Slide 23: 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 Cumulative Housing Demand-Supply in to
Slide 24: Regulatory Reforms
REGULATORY REFORMS RERA RERA will improve the buyers’ confidence and boost the GST demand for real estate. • A single amalgamated tax code across India. • Standardised environment for Delays in handover of projects are likely to decline as organised players. RERA mandates commitment from developers t
Slide 25: 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 for
Slide 26: Financial Overview
FINANCIAL OVERVIEW
Slide 27: 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 28: 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
Slide 29: 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 30: 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 31: Key Financial Highlights
KEY FINANCIAL HIGHLIGHTS Total Revenue* EBITDA & EBITDA Margin (%) PAT & PAT Margin (%) 180 169 100% 90 25% 160 90% 77 80 22% 470 140 80% 20% 70 110 115 70% 120 60 343 60% 15% 100 87 50 295 296 49% 50% 40 80 32 10% 37% 40% 60 29% 30 30% 7% 40 24% 20 5% 20% 8 3% 7 10 2% 20 10% 0 0% 0 0% FY15 FY16 FY1
Slide 32: 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 33: Thank You
O U Y N K H A T
Slide 34: 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 Mitasu Developers Private Limited 100% 2 Sumit Chetna Venture 67% 170.82 9.65 26.08 91.88 - 3 Sumit Snehashish Venutre 30% 36.89 152.51 - -
Slide 35: Annexure - Case Study: Sumit Artista
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 financial institution like india infoline, India bulls, Bajaj finance. Plot Size : Total Carpet area : 25000 sq. ft. 99,261 sq. ft. The
Slide 36: Annexure - Case Study: Sumit Garden Grove
ANNEXURE- CASE STUDY Sumit Garden Grove – Joint Venture Model / DMM (Located at Chikuwadi Borivali (West), Mumbai, Maharashtra) Construction cost is being funded by Piramal Hosuing Finance Ltd. Sumit Woods Limited is the development Manager for this project because of the company’s expertise in cons